To fully integrate the concept of sustainable development into corporate operations, Yuexiu Property established its Sustainable Financing Framework for the first time in 2024, and systematically updated it in 2025 in response to market developments and its own strategic evolution. The framework is designed to provide capital support for projects and assets aligned with the Company’s long-term ESG vision through compliant sustainable financing transactions.
In developing and updating the framework, Yuexiu Property strictly aligns with international cutting-edge standards and best practices. It primarily refers to the voluntary guidelines of the International Capital Market Association (ICMA), including the Green Bond Principles (2025), Social Bond Principles (2025), and Sustainability Bond Guidelines (2021), while also adhering to the Green Loan Principles (2025) and Social Loan Principles (2025) jointly issued by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA), and Loan Syndications and Trading Association (LSTA). This ensures that the Company’s financing practices are fully aligned with international norms.
Under the Sustainable Financing Framework, Yuexiu Property commits to allocating the funds raised specifically to finance or refinance eligible green projects and social projects. This encompasses activities including acquisition, construction, development, and renovation, ensuring that the projects deliver significant environmental or social benefits. Eligible green projects primarily include categories such as green buildings, climate change adaptation, energy efficiency enhancement, and pollution prevention and control. Eligible social projects encompass initiatives like affordable housing construction.
In May 2026, Yuexiu Property successfully issued green dim sum bonds totaling RMB 1.60 billion with a 3-year tenor and a coupon rate of 3.40%. The issuance has obtained the Green and Sustainable Finance Certification issued by the Hong Kong Quality Assurance Agency. In strict adherence to the Company’s Sustainable Financing Framework (2025), the net proceeds will be exclusively allocated to eligible green projects both domestically and overseas.
In January 2026, Yuexiu Property successfully issued green dim sum bonds totaling RMB 1.735 billion with a 3-year tenor and a coupon rate of 3.40%. This issuance has obtained the Green and Sustainable Finance Certification issued by the Hong Kong Quality Assurance Agency. The raised funds will be used exclusively for eligible green projects both domestically and overseas in strict compliance with the Company’s Sustainable Financing Framework (2025).
In October 2025, Yuexiu Property successfully issued green dim sum bonds with a total scale of RMB 2.85 billion, featuring a 3-year tenor and a coupon rate of 3.30%. This issuance has obtained the Green and Sustainable Finance Certification by the Hong Kong Quality Assurance Agency. The raised funds will be used exclusively for eligible green projects both domestically and overseas in strict compliance with the Company’s Sustainable Financing Framework (2025).
In July 2024, Yuexiu Property successfully issued green bonds with a total scale of RMB 1.70 billion with a tenor of 3 years and a coupon rate of 4.20%. This issuance has obtained the Green and Sustainable Finance Certification by the Hong Kong Quality Assurance Agency. The raised funds will be used exclusively for eligible green projects both domestically and overseas in strict compliance with the Company’s Sustainable Financing Framework (2024).
To further promote the Company's sustainable development through sustainable finance, Yuexiu Property successfully signed a HK$1.56 billion sustainability-linked loan (SLL) with a maturity term of three years on 12 June 2025. This is the first SLL signed by Yuexiu Property and its cost is linked to Yuexiu Property's sustainability performance targets (SPTs). It not only further enriched the Company's sustainable finance portfolio and broadens its financing channels, but also incentivised the Company to achieve its pre-set SPTs.
