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Thank you for taking time to express your concern on the management of financial institutions in terms of the Coal-fired Power Industry in the Philippines. Cathay United Bank Co., Ltd. (hereinafter as “CUB”, “we” or the “Bank”) is aware of relevant issues in sensitive industries such as environmental and social issues in the Coal-fired Power Industry mentioned in your mail. The Bank has always dedicated efforts in integrating environmental and social sustainability as part of the core banking competencies as ESG factors are incorporated as part of the Bank’s credit approval processes. CUB strives to be a strong performer in sustainability among fellow financial institutions and continuously contributes to the bigger picture by doing the right things.

Again, CUB appreciates your faith and efforts on promoting a healthier environment as well as a stable society. We are fully aware of the role that financial institutions shall take for the purpose of ESG, and we are always working on excelling market expectations. For that, your valuable inspiration and feedback in the future is certainly welcomed.