[PR] Puyang Investment Group Co., Ltd. | Green Finance Framework SPO

Hong Kong, July 20, 2026 - Lianhe Green Development Company Limited (hereafter referred to as “Lianhe Green”), an external reviewer recognised by the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme, has provided its Second-Party Opinion on the Green Finance Framework (hereafter referred to as “the Framework”) of Puyang Investment Group Co., Ltd. (hereafter referred to as the “Group”). Under the Framework, the Group can issue green bonds, green loans or any other similar forms of debt instruments.

The Framework has received a Good assessment opinion from Lianhe Green. Lianhe Green has reviewed the following pillars addressed in the Framework:

»        Use of Proceeds

»        Process for Project Evaluation and Selection

»        Management of Proceeds

»        Reporting

»        External Reviews

Lianhe Green considers that the Framework and the eligible green projects listed in this Framework are in compliance with the Green Bond Principles (GBP) (June 2025 Edition), the Green Loan Principles (GLP) (March 2025 Edition). At the same time, Lianhe Green’s assessment includes the contributions of the project categories to the relevant United Nations Sustainable Development Goals.

As a state-owned enterprise, the Group’s core businesses are highly aligned with the local government’s sustainable development policies. The Group actively implements the requirements of the local government, vigorously develops eligible green projects in sustainable water and wastewater management, environmentally sustainable management of living and natural resources, and responsible land use. The Group’s projects aim to achieve targets such as the construction of environmentally friendly buildings, flooding mitigation, and environmentally sustainable agriculture in Puyang City.

About Lianhe Green

Lianhe Green Development Company Limited (hereafter referred to as “Lianhe Green”) was established in 2023 and is a subsidiary of Lianhe Credit Management Co., Ltd. (hereafter referred to as “Lianhe Credit”) and Lianhe Equator Environmental Assessment Co., Ltd. (hereafter referred to as “Lianhe Equator”). Lianhe Equator is the largest green and sustainable bond/loan certification provider in mainland China. As an external reviewer recognised under the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme, Lianhe Green is headquartered in Hong Kong, mainly responsible for green and sustainable finance certification business in international markets, ESG reporting and consulting, ESG training services, and assistance in operating carbon market-related businesses within and outside China.

Lianhe Green aims to become an internationally recognized external verifier for sustainable finance through cooperation with Lianhe Equator’s professional and experienced team in this industry. With a goal of “shaping the origin of the earth and sky, and transmitting the civilization of mankind”, Lianhe Green is committed to helping Chinese and foreign enterprises demonstrate their determination in sustainable development, and providing investors with independent and objective third-party certification services. It is our mission to leave green and oceans to our future generations.

Analytical Standards

»        Green Bond Principles (GBP) (June 2025 Edition)

»        Green Loan Principles (GLP) (March 2025 Edition)

Contacts

Darlina Luan

Analyst

+852 3104 2630

darlina.luan@lianhegreen.com

Kathleen Liu

Analyst

+852 3596 3052

kathleen.liu@lianhegreen.com

Disclaimer

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