Green Bond Fact Sheet

Yangzhou Traffic Industry Group Co.,Ltd.

Date: 16/05/2018

Issue date: 26/04/2018 Maturity date: 26/04/2023 Tenor: 5Issuer Name

Yangzhou Traffic
Industry GroupCo.,Ltd.

Amount Issued

RMB500m (USD78m)

Country of risk

China

CBI Database

IncludedIssuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

Lianhe Equator
Environmental Impact
Assessment Co., Ltd.

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☒ Electric vehicles☐ Low emission
vehicles☒ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☒ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceedstreatment☐ Water storage☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

N/A

Yangzhou Traffic Industry Group Co.,Ltd. is on behalf of the municipal government
to fund, invest, construct and operate large-scale transportation infrastructure
projects. It also deals with the construction, maintenance and operation of roadand bridge and port engineering projects, logistics and online distribution,passenger and cargo transportation, port handling, and other industries that thestate encourages to develop.

Firsts, records andcertifications
Proceeds description

Proceeds are to be allocated to clean public transportation in Yangzhou, China,including electric and hybrid vehicles. It will be used to fund clean transport
procurement (87%) and capital for maintenance and replacement of worn out
parts (13%). The aim is to fully replace diesel-fuelled public transport with cleaner
substitutes. This would improve fuel efficiency and reduce air pollution by lowering
emissions of CO2, NOx and PM10.

Climate Bonds view

We can see a strong commitment by the local government to support cleantransport. The investment has a positive impact to reduce GHG emission and air
pollution associated with transport.

Underwriters

China Minsheng Banking Corp., Ltd., ICBC

Deal comments
Credit Rating
Pricing summary
Investors summary

AA (China Cheng Xin International Credit Rating Co. Ltd.)

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign