New Hope Global

pending

IFC is proposing a US$150 million loan to New Hope Singapore Pte Ltd (“NHS” or “the Company”) to finance the expansion of animal feed production capacity in five targeted countries: Vietnam, Egypt, Bangladesh, Cambodia, and Nepal (the “Project”). The expansion will involve installing new production lines in selected existing feed mills in all five countries and constructing new feed mills in Vietnam and Egypt, all new mills will be constructed within industrial parks.NHS is a wholly owned subsidiary of New Hope Liuhe Co., Ltd. (“NHLL” or “the Corporate”), part of the New Hope Group (“the Group”), a long-standing strategic partner of IFC. NHS serves as the overseas arm of the Corporate, owning and operating 48 facilities including 39 operational feed mills and several broiler breeding farms and hatcheries, across 14 countries outside China. In the targeted countries, NHS currently owns and operates 22 feed mills, along with a few other facilities including broiler breeding farms and hatcheries. Proceeds from the IFC loan will be used solely to expand production at existing feed mills and to construct new animal feed mills within industrial parks in the targeted countries as described above. No other facilities will be financed under this Project.The production of animal feed involves milling raw materials (such as corn and soybean meal), mixing, steaming, pelletizing, and air-blown cooling. Much of the operation is enclosed and automated with a central control system, which minimizes the involvement and exposure of workers.