September 2021
CIC has not carried out any audit mission for nor commissioned any consultancy services with AMOS Enterprises Limited and there is no established relationship (financial or others) between CIC and AMOS Enterprises Limited .
The opinion provided herein is an independent opinion on the sustainability credentials and management of the financial instrument, based on the information made available to CIC. CIC has neither interviewed any of the AMOS Enterprises Limited ’s employees, nor performed any on-site assessment and tests to check the accuracy of the information provided by AMOS Enterprises Limited . The accuracy, comprehensiveness and trustworthiness of the information collected rests with AMOS Enterprises Limited . CIC, in providing this opinion, has not certified the effectiveness, the quality or the irreversibility of the assets to be financed by the sustainable financing instrument. AMOS Enterprises Limited is fully responsible for attesting the compliance with its commitments defined in its policies, for their implementation and monitoring. The opinion delivered by CIC neither focuses on the financial performance of AMOS Enterprises Limited , nor on the effective allocation of its proceeds. CIC is not liable for the consequences arising if third parties use this opinion either to make investment decisions or to make any kind of business transaction.
The opinion provided by CIC on AMOS Enterprises Limited can only be used by AMOS Enterprises Limited and the Financial Institution. The distribution and publication are at the discretion of AMOS Enterprises Limited , subject to CIC’s approval.
| Application no. | SFCS-APPLY-2021-023 |
|---|---|
| Certificate no. | SFCS-2021-015 |
| Date of application | 2021.12.23 |
| Company name | AMOS Enterprises Limited |
| Business registration no. | 37215749 |
| Company profile | AMOS Enterprises Limited(Hong Kong)was found in 2010 and is currently the leading Electric Vehicle (EV) charging solution provider and charging network operator in Hong Kong aiming to promote the wider use of EVs in the region. In 2014, EV Power Group was formed and nowadays has extended the business to 28+ major cities in Mainland China including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Chengdu, and has been serving 6,000+ residential and commercial buildings, shopping arcades & other premises with 22,000+ charge points in service. Our customers include Governments, Airports, Power Utilities, Land Developers, Property Owners, EV Manufacturers & Importers, Commercial Fleets, Corporate and Private Users. Striving to create the values to our esteemed customers, EV Power provides One-Stop Service for EV Charging with our comprehensive products and services in the business regions to well fit to their applications including: 1) Design and Supply : - EV Chargers, EV Charging Management Systems; 2) Installation, Operation and Maintenance : - EV Charging Stations, Network Operation Centre, 24-hour Hotline, Customer Service, Technical Support, Qualified Maintenance Team; 3) Cloud Application Platform : - E-Charge (HK) Mobile App, Web Portal, User Management, Payment Solutions. |
| Sustainable financing instrument | Green Loan |
| Application level | Company Level |
AMOS Enterprises Limited has confirmed the proceeds will be used for the specified Project Categories that meet the eligibility criteria stated:
| Project Categories | Clean Transportation |
| Eligibility Criteria | Reduction of GHG emission through construction infrastructure, services and use of clean vehicles to support low carbon transport – provide power chargers for electrical vehicles and design charges under self-branded of EV energy |
AMOS Enterprises Limited has confirmed that the selected Project Categories and Eligibility Criteria are in line with the following internationally recognized frameworks across financial markets:
Frameworks
AMOS Enterprises Limited has also confirmed the following purposes of the proceeds:
Purpose of financing
AMOS Enterprises proposes to raise Green Loan for its business on construction infrastructure, services and use of clean vehicles that falls into one of the Green Loan Principle project categories which is Clean Transportation.
AMOS Enterprises confirmed construction infrastructures and services will facilitate GHG and carbon reduction in transportation industry. These infrastructures will all improve the road-side air quality and reduce air contaminants (e.g. PM, CO, SOx, NOx).
To ensure that the projects financed by the sustainable financing instrument meet the eligible criteria, AMOS Enterprises Limited has established an evaluation and selection process with the following key elements:
Evaluation and selection
The project evaluation and selection will be based on government department guidelines (Hong Kong Roadmap on Popularization of EV, EnvB). Internal evaluation process is stipulated systematically in the Group’s Procurement policy and supply chain management policy. The evaluation and selection process will would be conducted in internal checking process by the procurement team and relevant departments, and the result would be submitted to. CEO or CFO of AMOS Enterprises for approval based on the nature of the projects is responsible to evaluate and select eligible projects.
We consider that the applicant has well-defined internal checking procedures for project evaluation and selection.
AMOS Enterprises Limited has provided information regarding the internal governance process through which the company can track allocation of funds towards green projects. AMOS Enterprises Limited will establish a register of funds to contain the following information:
Information
Pending the full allocation of the proceeds, AMOS Enterprises Limited intends to hold and/or invest the balance of proceeds not yet allocated in accordance with internal policy
AMOS Enterprises confirmed that the net proceeds will be deposited in the Company’s General Funding Account. Key transaction information, including transaction date, the principal amount of proceeds, maturity date, repayment or amortisation profile, purchase contract and/or relevant project or sales contract will be recorded. A list of eligible projects and brief descriptions of the projects will also be included, and it has internal mechanism in tracking the financial account.
AMOS Enterprises Limited is committed to transparent reporting and will publish company website within one year from the date of issuance of each sustainable financing instrument and annual thereafter until the full allocation of the proceeds. The report will consist of information on the allocation of the proceeds and the environmental impacts of the projects.
Allocation Report
In terms of impact reporting, AMOS Enterprises Limited will report on relevant environmental metrics of the projects to which the proceeds have been allocated in line with the technical requirements.
| Project Categories | Clean Transportation |
| Metrics | Annual GHG emissions reduced/ avoided in tCO2 – e p.a. Reduction of air pollutants: particular matter (PM), sulphur oxides (SOx), nitrogen oxides (NOx), carbon monoxide (CO), and non-methane volatile organic compounds (NMVOCs) Number and location of chargers, charger utilisation and charging pattern, number of EV registration |
| Methodologies | Through “E-Charge” platform and dashboard to track number and location of chargers, charger utilization as well as charging pattern. Number of EV registration |
We confirmed that AMOS Enterprises has committed to continue to perform use of proceeds and impact reporting with work progress on an annual basis through company website.
| Use of proceeds | Compliant |
|---|---|
| Project evaluation and selection | Compliant |
| Management of proceeds | Compliant |
| Reporting | Compliant |
Based on the above assessment, we recommend to approve the application (Application no.: SFCS-APPLY-2021-023, Certificate no.: SFCS-2021-015) of the CIC Sustainable Finance Certification Scheme with validity from 30-09-2021 to 29-09-2023 .