Press Release

21 Mar 2018

Everbright International and Bank of China Shenzhen Branch Inks Strategic Cooperation Agreement Fostering a Long-term and Mutually-Beneficial Cooperation



21 March 2018, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it recently signed a comprehensive strategic cooperation agreement with the Shenzhen Branch of Bank of China Limited ("Bank of China Shenzhen Branch") to strengthen the strategic cooperation between the two parties in the area of ecological and environmental protection.

Pursuant to the agreement, Bank of China Shenzhen Branch will provide up to RMB12 billion financial support to Everbright International, which includes RMB5 billion for the Group’s environmental energy sector and the other business sectors, RMB3 billion for the environmental water sector and RMB4 billion for the greentech sector. This financing arrangement includes diversified financing options, with a focus on supporting the construction and daily operations of Everbright International’s major projects in China. It also offers offshore financial support for the Group’s overseas business development.

Mr. Chen Weixing, Vice President of Bank of China Shenzhen Branch, said, "Everbright International is one of the most important clients in our branch. We will capitalise on the resources of Bank of China Limited to fully support the development of Everbright International’s environmental protection engineering works, projects, technologies and equipment businesses. We are fully committed to providing the Group with quality, efficient, favored and customised financial support and services."

Mr. Wang Tianyi, CEO of Everbright International, said: "We are delighted to have secured this financial support from Bank of China Shenzhen Branch. As a leading player in the domestic environmental protection industry, Everbright International has been committed to improving its financial structure and expanding its financing channels, with a view to providing sound and sustainable financial support to safeguard the Group’s long-term development in China and abroad. Going forward, we will closely integrate our advantages in the environmental protection industry with the branch’s financing strength, and build a comprehensive and innovative strategic partnership across multi-levels with the branch, under the framework of the strategic cooperation. In this way, we will continuously upgrade the quality of our projects and efficiency of capital utilisation, and also be able to steadily develop our business while continuously contributing to the restoration and protection of the ecological environment at home and abroad."



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