Capital Markets / Fixed Income - Taishan Finance International Business Co., Limited

Haitong Bank, Macau Branch acted as Joint Lead Manager and Joint Bookrunner of Taizhou State-owned Assets Investment Group Co., Ltd.’s US$90m bond issue, with a coupon of 2.02% and a 3-year tenor.

The bonds have the benefit of an irrevocable standby letter of credit issued by Bank of Ningbo Taizhou Branch.

The Group is a municipal-level state-owned enterprise located in Taizhou, Zhejiang Province and is a coal, chemical products and natural gas supplier.