Minth Loan

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The proposed IFC investment is a corporate loan of EUR 200 million (“IFC Loan”) to Minth Group Limited, China, (“Minth” or “Company”) to finance Minth’s EUR 598 million expansion program in Serbia and Poland, primarily for EV battery housing. The two expanded programs are expected to be operational by 2025. The project contains: -          Serbia: expansion of existing facilities of Minth Automotive Europe DOO (MAE) to produce battery housing, within current footprint in Loznica and with footprint expansion in Sabac to support building three production lines. Both facilities are within existing complexes of Minth subsidiaries.-          Poland: expansion of the existing facility of Minth Poland in Szprotawa to produce battery housing, with footprint expansion, within the industrial zone. Minth Group is a globally recognized auto parts manufacturer, with established production capacities overseas with over 70 production facilities are working as independent legal entities in China, Czech Republic, France, Germany, Mexico, Poland, Serbia, Thailand, the United Kingdom and the United States. IFCs proposed financing will be ringfenced to MAE and Minth Poland operations only and does not include other operations of the Minth Group.