Primary Market Information

Identifer	Bond Information	Important Dates	Rating	Document
Identifer Issuer China Development Bank Bond Code 250203	Bond Information Tentative Issuance Size (CNY) 10 Billion Coupon (%) 1.27 Interest Type Fixed Tender Type Reopening	Important Dates Tender 20 May 2025 Issue and Settlement 21 May 2025 Maturity 06 January 2030	Rating Issuer Rating Not rated	Document Tender Annoucement Issue Letter Underwriters
Identifer Issuer China Development Bank	Bond Information Tentative Issuance Size (CNY) 21 Billion Coupon (%) 1.81 Interest Type Fixed Tender Type Reopening	Important Dates Tender 20 May 2025 Issue and Settlement 21 May 2025 Maturity 02 April 2035	Rating Issuer Rating Not rated	Document Tender Annoucement Issue Letter Underwriters

*Note:
Pricing method: Unmodified Dutch Auction with one unified market clearing price across all accepted investor bids
Bidding method: Base case offering amount is RMB 6 billion. Upper case offering amount is RMB 8 billion. Lower case offering amount is RMB 4 billion. If bid amount received exceeds 2.5x the base case amount, final issuance volume will increase to the upper case offering amount. If bid amount received is within the upper and lower band, the final issuance volume is as per the received amount. If bid amount received is below 1.5x the base case amout, the final issuance volume will decrease to the lower case offering amount.

★ Green bond.