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Statement on the Use of Proceeds of Bank of China’s July 2016 Offshore Green Bond (as of 30th Sep, 2016)


2016-10-24

Bank of China Limited (“BOC”) hereby confirms that as of September 30th 2016, the proceeds of BOC’s July 2016 offshore Green Bond is allocated in alignment with Bank of China Limited Green Bond Management Statement released by BOC in July 2016. The net proceeds has been allocated to BOC’s new and existing eligible green projects of three categories, namely renewable energy, clean transportation, and pollution prevention and control. As long as BOC’s July 2016 offshore Green Bond is outstanding, more detailed information on the allocation of proceeds and the environmental performance will be disclosed on BOC’s official website prior to the end of April each year.

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