Company Achievements-Spic Interantional Finance(Hong Kong) Company Ltd.

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In 2024, the Company achieved outstanding progress and results in all business segments.

SPIC's overseas fund management platform was established and gradually promoted, with RMB 3.156 billion of overseas funds pooled in the year, including US dollar, Chinese yuan, Hong Kong dollar, euro, Japanese yen, Australian dollar, and forint from Hong Kong, Australia, Hungary, France, etc., and with a pooling rate of 99.75%. Account visibility means and channels were improved, with an overseas account visibility rate of 99.46%.
The Company was granted a credit line of about USD 8.7 billion from 31 major Chinese, Japanese, European and US-funded banks at home and abroad, and provided a total of over USD 12.8 billion in credit to SPIC members, offering indispensable financial support for the development of SPIC's overseas energy projects.
We have secured a total fixed-income investment of USD 669 million in preferred shares of diverse Chinese banks and perpetual bonds of central SOEs, aligning with our commitment to high-quality objectives, stable returns, and manageable risks. This strategic move has significantly bolstered SPIC's revenue generation from international sources, and showcased the brand influence and strength of SPIC in global capital markets. Additionally, we have effectively subscribed to a 3.61% equity stake in aggregate in China Power International Development Limited (CPID). This investment contributes to the value enhancement of SPIC's overseas listed companies.
The Company signed ISDA agreements with 7 major banks. It developed overseas capital risk and debt risk analysis reports for SPIC, and provided comprehensive financial services for SPIC in overseas bond financing, foreign exchange risk control, and liquidity risk control.
The Company participated in the SPV management, legal due diligence, price negotiation and road show of SPIC's USD 1 billion overseas preferred share offering, playing a good role as SPIC's internal investment banking advisor. The Company received the Best Overseas Treasury Management Award in the Treasury Awards 2024 of the 5th Treasury Day and the 12th China Treasury Annual Conference.