12^th January 2023

• Sunny Optical Technology (Group) Company Limited has successfully priced its inaugural 3.5-year sustainability-linked bond offering, with an issue size of USD400mm. This is the 1st KPI-link bond for a China Corporate.
• The landmark offering represented the first offshore sustainability-linked bond issued out of the Chinese corporate space, as well as the first Chinese USD corporate bond priced in 2023.
• Citi served as Leading Joint Global Coordinator, Sustainability Structuring Advisor.
• Sunny Optical’s debut sustainable capital markets offering and the first offshore SLB priced by a Chinese corporate issuer, showcasing the Issuer’s decarbonization commitment in a pragmatic and ambitious manner.
• The first Asia ex-Japan benchmark-sized Reg S transaction this year and the market-reopening trade for Chinese corporate debt capital markets in 2023.
• The SLB was offered pursuant to Sunny Optical’s Sustainability-linked Financing Framework requiring Sunny Optical to reduce Scope 1 and 2 greenhouse gas emissions intensity by 20% by FY2025 versus a FY2021 baseline.