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On January 18, 2024, Zhenjiang Media & Culture Industrial Group successfully issued a 7.2 billion yen green bond in Hong Kong, marking the first offeshore green bond from Zhenjiang, Jiangsu Province. The bond has a coupon rate of 1.68%, setting a historic low for three-year overseas bonds issued by state-owned enterprises in Zhenjiang. China Chengxin Green Finance International Co., Ltd. (CCXGFI) provided a second-party opinion on its Green Finance Framework of Zhenjiang Culture & Broadcasting Industry Group.   CCXGFI's assessment determined that the four core elements of the Green Finance Framework of Zhenjiang Culture & Broadcasting Industry Group align with the requirements set forth in the Green Bond Principles 2021’ (including June 2022 Appendix 1), ‘Social Bond Principles 2023’, ‘Sustainability Bond Guidelines 2021', ‘Green Loan Principles 2023', ‘Social Loan Principles 2023’, the ‘Green Industry Guiding Catalogue 2019’ published by the National Development and Reform Commission and six other ministries, and the ‘Green Bond Endorsed Projects Catalogue (2021 Edition)’ issued by the People's Bank of China and two other ministries. The framework is strongly aligned with the company’s sustainable development strategy, significantly increasing the likelihood of achieving the intended environmental goals.   The Green Finance Framework will guide the company in issuing green, sustainable, and socially responsible bonds and loans. The funds raised from this green bond will be used, in accordance with the issuer's framework, for projects related to clean transportation and associated infrastructure.   Zhenjiang Culture & Broadcasting Industry Group remains committed to the "Media+" strategy, deepening the integration of media with technology, and expanding the convergence of media with big data, new energy, and other industries. The company is focused on supporting the national goals of "carbon peak" and "carbon neutrality" by developing clean transportation initiatives centered around new energy charging stations. By expanding the coverage of electric vehicle charging services in Zhenjiang, the Group aims to create the "Wenguang Supercharging Ecosystem," contributing to the development of a low-carbon Zhenjiang and supporting the implementation of the green city strategy.

Based on its own green finance framework, Lianyungang Ganyu City Investment Development Group Co., Ltd. (the issuer) has successfully issued the first Yen-dominated green bond in China on April 26th, 2023, with an issuing scale of 5.8 billion Japanese yen and a bond term of 3 years. The bond is equipped with the second-party opinion by China Chengxin Green Finance International Co., Ltd. (CCXGFI). This bond also comes with other market benchmarking significances - it is also the first Yen-dominated bond from local SOE issuer, the first Documentary Structured Yen-dominated bond, and the first Yen-dominated bond listed on the Macao Stock Exchange.   CCXGFI provided the external assessment service following four dimensions aligned with the ‘Green Bond Principles 2021’ (including June 2022 Appendix 1), ‘Social Bond Principles 2023’, ‘Sustainability Bond Guidelines 2021', ‘Green Loan Principles 2023' and ‘Social Loan Principles 2023’:  1. the alignment of the issuer’s green finance framework with the four core elements 2. the relevance of the issuer’s green finance framework with its overall sustainability strategy and policies 3. the possibility of achieving the estimated environmental benefits 4. the effectiveness of the issuer’s environmental and social risk management   The issuer plans to allocate the use of proceeds in areas comply with its green finance framework, including sustainable water and wastewater management, green building, and waste management, facilitating the achievement of Goal 6, 11, 12 under United Nation’s Sustainable Development Goals (SDGs). CCXGFI assigned the issuer with a SPO result of Gf-1, and concluded the alignment of the issuer’s green finance framework with the four core elements of the principles mentioned above.  

China Chengxin Green Finance International Co., Ltd. (referred to as “CCXGFI”), recognized by the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme, was engaged by Micro Connect as an external assessment institution. CCXGFI conducted an in-depth evaluation of Micro Connect’s Social Finance Framework and provided a second-party opinion on the framework.   Micro Connect established its Social Finance Framework to conduct social bonds or loans financing, supporting projects that contribute to positive social impacts and advancing its sustainable development strategy.   The funds raised through such transactions will be allocated to eligible social financing project categories, including job creation and measures to prevent and/or mitigate unemployment caused by socioeconomic crises. This includes providing financing services listed on the Micro Connect (Macau) Financial Asset Exchange, contributing to the achievement of the United Nations Sustainable Development Goals 1, 5, 8, and 9.     CCXGFI confirms that the four core elements of Micro Connect’s Social Finance Framework align with the Social Bond Principles (SBP) 2023 edition published by the International Capital Market Association (ICMA) and the Social Loan Principles (SLP) 2023 edition published by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA), and Loan Syndications and Trading Association (LSTA). The framework is highly relevant to the company’s sustainable development strategy, significantly increasing the likelihood of achieving the established social and economic sustainability goals.

China Chengxin Green Finance International Co., Ltd. (referred to “CCXGFI”), a professional assessment institution recognized by the Hong Kong Monetary Authority’s Sustainable Finance Grant Scheme and engaged by Zhongyuan Yuzi Investment Holding Group Co., Ltd. (referred to as “Zhongyuan Yuzi”), has provided a second-party opinion on the sustainable finance framework developed by Zhongyuan Yuzi.   Zhongyuan Yuzi has established its Sustainable Finance Framework to conduct sustainable finance transactions, supporting projects that contribute to positive environmental and/or social impacts, thus advancing its sustainable development strategy.   CCXGFI confirms that the four core elements of Central Plains Yuzhi’s Sustainable Finance Framework align with the ‘Green Bond Principles 2021’ (including June 2022 Appendix 1), ‘Social Bond Principles 2023’, ‘Sustainability Bond Guidelines 2021', ‘Green Loan Principles 2023' and ‘Social Loan Principles 2023’. Additionally, the framework is highly relevant to Zhongyuan Yuzi's sustainable development strategy, significantly enhancing the likelihood of achieving its established environmental and social responsibility goals.

China Chengxin (Asia Pacific) Credit Rating Co., Ltd. (“Chengxin Asia Pacific”) is a subsidiary of China Chengxin International. It was established in response to the Chinese government’s RMB internationalization policy and capital market internationalization strategy. It is the first Chinese credit rating agency to obtain overseas market rating business qualifications. In June 2012, CCXAP obtained the Type 10 license (providing credit rating services) issued by the Securities and Futures Commission of Hong Kong, and was recognized by the Mandatory Provident Fund Schemes Authority of Hong Kong in March 2023. CCXAP provides credit rating services to domestic and foreign companies and institutions that issue overseas market bonds in Hong Kong, Asia Pacific and the European Union.

China Chengxin Certification (Shenzhen) Co., Ltd. (hereinafter referred to as "China Chengxin Certification") is a subsidiary of China Chengxin International. In 2019, it was approved by the State Administration for Market Regulation and the Certification and Accreditation Administration of China to become a third-party certification body, with the approval number CNCA-R-2019-594. China Chengxin Certification focuses on providing customers with a wider range of credit services, especially in the fields of developing high-quality finance, creating double first-class enterprises, climate investment and financing, ESG, and healthcare. It provides management system certification, training, and third-party attestation services in climate finance and dual carbon. The certification, attestation and training provided by China Chengxin are based on the latest international standards and Chinese national standards, which can help gain wider acceptance and performance improvement at home and abroad.

China Chengxin Credit Analysis (Beijing) Co., Ltd. (hereinafter referred to as "China Chengxin Analysis") is controlled by China Chengxin International Holdings Co., Ltd., adhering to the concept of independence, professionalism and intelligence, focusing on full-process, multi-dimensional credit analysis and investor service solutions. China Chengxin Analysis makes full use of highly professional and practical data and models while expanding cutting-edge technical tools such as quantitative analysis, big data analysis, and artificial intelligence to provide multi-angle and comprehensive services for capital market investment and financing entities to judge the credit qualifications of governments, enterprises, financial institutions and various investment targets, and warn of asset risk changes.

China Chengxin Green Finance Technology (Beijing) Co., Ltd. (hereinafter referred to as “CCXGF”) is a professional institution under China Chengxin International that focuses on sustainable financial services. As one of the earliest third-party service institutions to participate in the construction of China's green financial system, CCXGF has been deeply involved in sustainable finance and is committed to providing professional and independent sustainable financial assessment and consulting services. CCXGF is headquartered in Beijing and has branches in Guangzhou and other places. Relying on the postdoctoral workstation of China Chengxin Research Institute and China Chengxin International, it is committed to building a leading institution in the sustainable financial market based on research and innovation.

China Chengxin Index Services (Beijing) Co., Ltd. (hereinafter referred to as "China Chengxin Index") is a research-driven company under China Chengxin International that provides full- chain index investment services. The company is rooted in the Chinese financial market and has been deeply engaged in the research of investment and financing behavior in the financial market and passive investment strategy research. Combining the buyer's investment research and trading experience in asset management scenarios, it designs and develops bond, stock and major asset allocation index products with tracking value, and provides institutional investors with full-process solutions for index asset allocation, making the investment process simpler. It is a leading Chinese index investment full-process solution service provider.

China Chengxin International is the largest and most technologically advanced credit rating and risk assessment service provider in China, engaged in credit rating business and investor services in the inter-bank market, exchange market and overseas market. As a leader in China's credit rating industry, China Chengxin International has attached great importance to the research and development of rating technology and the innovation of rating methods since its establishment, developed a mature credit rating system, and completed dozens of groundbreaking rating businesses and technologies.