DCM Ping An Leasing Sustainability Bond

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The proposed investment entails a subscription of up to 1.8 billion Chinese renminbi (approximately US$250 million equivalent) in an up to 5-year senior bond (the “Bond”) to be issued by Ping An International Financial Leasing Co., Ltd. (“Ping An Leasing” or “the Company”), a commercial leasing company wholly-owned by Ping An Insurance (Group) Company of China, Ltd. (“Ping An Group”) (2318.HK, 601318.CH) in China. IFC will be an anchor investor in the Bond. The Bond will support Ping An Leasing to expand its eligible climate finance and social finance portfolio in line with the Sustainability Bond Guidelines (and in accordance with the Social Bond Principles and Green Bond Principles) of the International Capital Market Association (“ICMA”). All of IFC own account investment is expected to be used for eligible climate finance projects. On a best-effort basis, at least 25 percent of the IFC’s subscription will be used towards eligible electric vehicle leases for women customers.