EB ENVIRONMENT (00257) Subsidiary Everbright Environmental Protection China Completes Issuance of RMB 787 Million Asset-backed Notes.

EB ENVIRONMENT (00257) announced that its wholly-owned subsidiary, ENEC Environment (China), has completed the issuance of ENEC Environment (China) Limited's 2025 first tranche Green Asset-Backed Notes (Carbon Neutral Bonds) on December 16, 2025. The total face value of the asset-backed notes issued under the 2025 first tranche is RMB 787 million. The proceeds will be used to supplement its working capital, repay its financial institution borrowings, and/or other purposes in accordance with relevant national industrial policies and applicable laws and regulations. Under the underwriting agreement, ENEC Environment (China) has also entered into an underwriting agreement with EB SECURITIES Co., Ltd., Shanghai Pudong Development Bank Co., Ltd., China Minsheng Bank Co., Ltd., and Bank Of Ningbo Co., Ltd. for the issuance of the 2025 first tranche asset-backed notes. In accordance with this agreement, EB SECURITIES will act as the lead underwriter, with Shanghai Pudong Development Bank, China Minsheng Bank Co., Ltd., and Bank Of Ningbo acting as joint lead underwriters responsible for issuing the 2025 first tranche asset-backed notes according to the terms of the underwriting agreement.