DBS Hong Kong signed ESG linked loan with China Resources Microelectronics Limited(688396) electronics to set a greening benchmark for China's microelectronics industry

DBS Hong Kong and China Resources Microelectronics Limited(688396) electronics recently signed the first ESG linked loan agreement. This loan is the first environmental, social and Governance ("ESG") linked loan signed between DBS Hong Kong and China Resources Microelectronics Limited(688396) electronics, and the second ESG linked loan signed with its parent company, China Resources Group. This three-year bilateral loan worth HK $1 billion, with DBS Hong Kong as the single borrower, will be used as the refinancing of China Resources Microelectronics Limited(688396) electronic's existing HK $1.6 billion term loan arrangement, dating back to 2019 China Resources Microelectronics Limited(688396) e-commerce aims to achieve the social responsibility goal of creating a green environment by achieving the performance goals related to sustainable development set by the loan, including reducing energy consumption, volatile organic compounds (VOCs) and carbon emissions.