24 February 2023

Henderson Land Signs a RMB30 Billion Green and Sustainability Strategic Partnership Agreement with Industrial Bank

Henderson Land Development Company Limited ("Henderson Land" or “the Group”) (Hong Kong stock code: 12) signed a Green and Sustainability Strategic Partnership Agreement with Industrial Bank Company Limited (“Industrial Bank”) (Shanghai stock code: 601166) in Hong Kong. Dr. Colin Lam Ko-yin, Vice Chairman of Henderson Land, and Mr. Lyu Jiajin, Chairman of Industrial Bank, exchanged views in a meeting before witnessing the signing of the Agreement. Mr. Andrew Fung Hau-chung, Executive Director and Chief Financial Officer, Henderson Land, and Mr. Hu Bin, General Manager, Green Finance Department (Strategic Customer Department), Industrial Bank, signed the Agreement on behalf of each party. Also in attendance was Mr. Chan Pui-cheong, Deputy Chief Executive Officer, Hong Kong Quality Assurance Agency.

Leading the charge for sustainable development, Henderson Land is widely recognised in the industry and has earned numerous awards and accolades both locally and internationally. The values and operating principles of Industrial Bank as the first Equator Bank in the nation dovetail closely with those of Henderson Land. According to the Agreement, Industrial Bank will draw on its expertise in green finance to provide Henderson Land and its subsidiaries with a line of green and sustainability credit of no less than RMB30 billion. It will work in tandem with Henderson Land in the areas of green building, smart and zero-carbon zoning and ESG system building to echo the national “dual-carbon” goals and to promote the Group's development of green building and infrastructure inside and outside the territory. At the same time, with the help of global funds management platforms and cross-border funds-pooling tools, the partnership will help realise and enhance the Group’s management of cross-border funds, in addition to deepening the strategic partnership between the two parties in a full range of services.

Expressing gratitude to Industrial Bank for its support and reaffirming Henderson Land’s tireless efforts to advance sustainable development, Dr. Colin Lam Ko-yin, Vice Chairman of Henderson Land, said: “The signing of this strategic partnership agreement will allow both sides to tap into their unique strengths and give rise to a win-win, mutually beneficial relationship. With sustainability at the core of the Group’s business, I believe this partnership will bring us great benefits by further spurring innovation and green construction within the Group. It is my hope that the Group will keep striving towards the carbon reduction targets of our country and Hong Kong to pave a better and more sustainable future for all.”

Mr. Lyu Jiajin, Chairman of Industrial Bank, commented: “As the first Equator Bank in the nation, Industrial Bank is committed to driving green and sustainable development, offering our broad clientele with an exhaustive suite of green and sustainable solutions, and elevating our ‘green finance’ credentials. Having forged a close business relationship with Henderson Land, we will continue to fully support the Group’s sustained growth and development.” “As a pioneer in green finance in China, Industrial Bank will provide high-quality and efficient comprehensive financial service solutions built around Henderson Land’s mid- and long-term business strategies. In an effort to contribute to the national ‘dual-carbon’ goals, both parties will give full play to their own strengths and resources, working together to enhance cooperation and to foster the development of the green business”, he added.

Representatives from Industrial Bank and Henderson Land took part in a meeting and an agreement signing ceremony.