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Second Party Opinion: Zhengzhou Urban Construction Sustainable Finance Framework

Zhengzhou Urban Construction Sustainable Finance Framework is aligned with Social Bond Principles, ICMA, 2023; Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1); and Sustainability Bond Guidelines, ICMA, 2021. The company is a stated-owned asset management and investment entity specializing in municipal infrastructure construction and operation in Zhengzhou city of Henan province.

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