China Everbright Greentech HK IPO Completed, CICC Acts as Leading Joint Sponsor and Leading Joint Global Coordinator

The spin-off and separating listing of China Everbright Greentech Limited (“China Everbright Greentech” or “the Company”) on the Main Board of the Stock Exchange of Hong Kong was successfully completed on May 8, 2017 (Ticker: 1257.HK). The transaction value is US$434 million post-greenshoe. CICC acted as the leading Joint Sponsor, leading Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager in the transaction.

China Everbright Greentech is a PRC specialty environmental protection service provider, focusing on the biomass and hazardous waste treatment industries. The transaction is the largest HK IPO of environmental protection services company since 2015, the largest non-financial sector HK IPO 2017 YTD and the first spin-off and separate listing in the Stock Exchange of Hong Kong 2017 YTD. As the leading Joint Sponsor for China Everbright Greentech, CICC efficiently and effectively assisted the Company to lead the execution of this landmark transaction. CICC had successfully introduced three well-known institutions, including Asian Development Bank, China Investment Corporation and China Structural Reform Fund as cornerstone investors of the deal.