HANG SENG BANK (00011): Launching an 800 billion sustainable development Power Up financing fund.

HANG SENG BANK (00011) announced the launch of a series of measures covering three main categories including funding, green certification, and knowledge advocacy to strategically assist companies in green transformation. Among them, Hang Seng launched an 80 billion sustainable development PowerUp financing fund, providing diversified green and sustainable development financing solutions for companies of different business natures and sizes in accordance with the Green Loan Principles, Social Responsibility Loan Principles, and Sustainable Development-Related Loan Principles standards, including newly launched green equipment loans, social responsibility loans, and sustainable development performance-linked loans to encourage companies to actively reduce carbon emissions. Hang Seng is collaborating with the Hong Kong Quality Assurance Agency to introduce a Hang Seng exclusive "Hang Dong Yi" green equipment loan certification online platform for business customers, significantly reducing the certification fees for green equipment loans by over 90%, while simplifying the certification process to provide businesses, especially small and medium enterprises, with faster and more affordable green certification services. In addition, to strengthen the incentive for companies to reduce carbon emissions, Hang Seng has launched a green and sustainable development loan review subsidy program. Companies that obtain external certification from the Hong Kong Quality Assurance Agency or other recognized external audit agencies for qualified green and sustainable development loans can receive cash rebates for certification fees when financing with Hang Seng, with a maximum amount of 200,000 Hong Kong dollars. This program applies to companies applying for loans of 100 million Hong Kong dollars or less. Hang Seng stated that in order to assist companies in enhancing their understanding of sustainable development, they have established the "Hang Seng Carbon Management Academy" to organize green transformation industry experience sharing sessions for companies, provide relevant professional training courses, and build a platform for business exchange to help them improve their environmental, social, and governance (ESG) performance.