Industrial And Commercial Bank Of China Limited Class ASSE: 601398

ICBC Limited 2024 Green Bond Report Third-party Assessment

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Beijing Zhongcai Green Financing Consultant Ltd

THIRD-PARTY ASSESSMENT FOR

Industrial and Commercial Bank of China Limited 2024 Green Bond Report

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Beijing Zhongcai sultant Ltd.

CONTENTS

PART I GENERAL INFORMATION. 1

PART II GENERAL INFORMATION OF GREEN BOND 3

  1. General Description 3

  2. Awards 9

PART III MANAGEMENT OF PROCEEDS 11

  1. Management of Proceeds 11

  2. Project Evaluation and Selection 11

PART IV USE OF PROCEEDS. 13

  1. Use of Proceeds ...............................,. 13

  2. Unallocated Proceeds. 13

  3. Any Major Pollution Incident or Other Environmental Breach 14

PART V ENVIRONMENTAL BENEFITS OF GREEN BOND 15

  1. Environmental Benefits 15

Part VI DISCLOSURE AND REPORTING 16

Part VII CONCLUSION. 17

PART VIII DECLARATION 19

PART VII APPENDIX 20

Industrial and Commercial Bank of Chin Limited 20? 3 G eels Bunrl Assessment Repu I



PART I GENERAL INFORMATION

General Information of the Assessment


Third-Party Assessment Institution

Beijing Zhongcai Green Financing Consultant Ltd. is a green

bond verification agency registered by the Green Bond Standard Committee of National Association of Financial Market Institutional Investors (NAFMII), also accredited by the Climate Bond Initiative (CBI) as an international green bond verifier. The International Institute of Green Finance (IIGF) of the Central University of Finance and Economics, with which Beijing Zhongcai Green Financing Consulting Co., Ltd. affiliates, is the Chinese Observer for the Green Bond Principles (GBP) of the International Capital Market Association (ICMA).

Type of Assessment

Annual Report Assessment

Assessment Period

The Green Bond Annual Report covers the period from 1" January 2024 to 31" December 2024.

Main Content

  1. General Information of Green Bonds

  2. Management of Proceeds

  3. Use of Proceeds

  4. Environmental Benefits of Green Bonds

S. Disclosure and Reporting

Assessment Basis

  1. ICBC Green Bond Framework (2021)

  2. Green Bond Principles 2021 by ICMA

  3. China Green Bond Endorsed Project Catalogue (2021 Edition) (Yinfa [2021] No. 96) by PBoC, NDRC, CSRC

Assessment Duration

13th May to 29t^May 2025

Assessor

Xinyu Fan, Xinrui Pang

Final Assessor

Ying Cui, Yujie Ren

1

Industrial and Comi1›e rcial Ba ›k of Chfna Limited 202.3 Ciieen lTofJd Assc ssmeiJ t Repurt

Methods

Review project documents, relevant rules and regulations of ICBC, etc., and communicate with ICBC and stakeholders through interviews, emails, etc.

Responsibilities of Assessment Institution

Based on the information provided by ICBC and other

relevant parties, we complete this work independently, objectively and impartially as well as provide the

assessment report on time

Documents provided

by ICBC

See the Appendix

2

Company analysis