On January 17, 2023, Sunny Optical Technology (Group) Co., Ltd. (“Sunny Optical”, Stock Code: 02382.HK) priced its inaugural 3.5-year Reg S sustainability-linked bond offering amounting to USD 400 million. This transaction is the first sustainability-linked bond in Asia's manufacturing technology industry, the first US dollar sustainability-linked USD bond issued by a Chinese enterprise, and the first market-driven bond transaction completed by a Chinese enterprise in 2023, signifying that Chinese enterprises are injecting new momentum into the USD financing market.

As the domestic legal counsel of the issuer, Jingtian & Gongcheng provided full-process legal services for the bond issuance. The firm previously assisted Sunny Optical on its five-year USD 600 million bonds in January 2018.