THE WORLD BANK IBR IDA I WORLD BANKGROUP OFFICIAL July 23, 2020 DOCUMENTS Mr. Wang Zhongjing Director General Center for Evaluation of World Bank Loan Projects Ministry of Finance Beijing, China Re: IBRD Loan Number 9119-CN (China: Jiangxi Eco-industrial Parks Project) Additional Instructions: Disbursement and Financial Information Letter (DFIL). Dear Mr. Wang: I refer to the Loan Agreement between the People's Republic of China (the "Borrower") and the International Bank for Reconstruction and Development (the "Bank") for the above-referenced project. The General Conditions, as defined in the Loan Agreement, provide that the Borrower may from time to time request withdrawals of Loan Amounts from the Loan Account in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Bank may specify from time to time by notice to the Borrower. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Project specific financial reporting requirements. This letter constitutes such Disbursement and Financial Information Letter ("DFIL") and may be revised from time to time. I. Disbursement Arrangements, Withdrawal of Loan Funds, and Reporting of Uses of Loan Funds The Disbursement Guidelines for Investment Project Financing dated February 2017, ("Disbursement Guidelines") are available in the Bank's public website at https://www.worldbank.org and its secure website "Client Connection" at https://clientconnection.worldbank.org. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Loan is specified below. (i) Disbursement Arrangements: The table in Schedule 1 sets out the disbursement methods which may be used by the Borrower, and conditions, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and processing of advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. (ii) Electronic Delivery. Refer to section 10.01 (c) of the General Conditions: The Borrower will deliver Withdrawal Applications (with supporting documents) electronically through the Bank's web-based portal "Client Connection" at https://clientconnection.worldbank.org. This option will be effected after the officials designated in writing by the Borrower who are authorized to sign and deliver Withdrawal Applications have registered as users of "Client Connection". The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through "Client Connection". By signing the Authorized Signatory Letter, the Borrower confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. The Borrower may exercise the option of preparing and delivering Withdrawal Applications in paper form on exceptional cases (including those where the Borrower encounters legal limitations), and which were previously agreed with the Bank. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Borrower confinns through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, available in the World Bank's public website at https://worldbank.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. H. Financial Reports and Audits. (i) Financial Reports. The Borrower shall cause Jiangxi Province to prepare and furnish to the Bank not later than sixty (60) days after the end of each calendar semester, interim unaudited financial reports (IFR) for the Project covering the semester. (ii) Audits. Each audit of the Financial Statements must cover the period of one fiscal year of the Borrower, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period shall be furnished to the Bank not later than six (6) months after the end of such period. III. Other Important Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Bank's website (http://www.worldbank.org/) and "Client Connection". The Bank recommends that you register as a user of "Client Connection". From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Loan, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the World Bank by email at AskLoans(kWorldBank.org using the above reference. Yours sincerely, Martin Raiser Country Director, China East Asia and Pacific Region Attachments 1. Form of Authorized Signatory Letter 2. Statement of Expenditures -2- Schedule 1: Disbursement Provisions Country P.R.China Closing Date Section IV.B.2. of Schedule 2 to Loan Borrower P.R.China the Loan Agreement. Number Name of the Project China Jiangxi Eco-industrial Parks Disbursement Four months after the closing Project Deadline Date date. Subsection 3.7 ** Disbursement Methods Methods Supporting Documentation Section 2 (**) Subsections 4.3 and 4.4 (**) Direct Payment Yes Copy of records Reimbursement Yes Statement of Expenditure in the format provided in Attachment 2 of the DFIL Designated Account Yes Statement of Expenditure in the format provided in Attachment 2 of the DFIL Special Commitments Yes Coy of Letter of Credit Type Segregated Ceiling Fixed Financial Institution - Financial institution acceptable to the Bank Curny USD Name Currency Frequency ofReporting Monthly 20,000,000 Subsection 6.3(**) Team The minae coufo lictins ro willec Paestihedi and aaed bySJiaeci ovncialFinance i 0 ,0 ortor zi)anwsgeaed ledgter ccut hatmiorsrct and uses l ormfihe.Loan prcedud eraa1nN exlisg banktaccout fo mutlII(tipl Bak-iane projects,/I The World Bank Office Level 16, China World Tower 2 No. 1 Jianguomenwai Avenue Beijing, China Attention: Disbursement Team The Designated Account for this project will be established and managed by Jiangxi Provincial Finance Department, as either: (i) a new segregatedbank accut or (ii) a new segregated ledger account that monitors receipts and uses of the Loan proceeds, under an existing bank account for multiple Bank-financed projects mpanaged by Jiangxi Provincial Finance Department. The Borrower will inform the Bank of thepreferred option for this Loan. ** Sections and subsections relate to the "Disbursement Guidelines for Investment Project Financing", dated February 2017. -3- Attachment 1 - Form of Authorized Signatory Letter [Letterhead] Ministry of Finance [Street address] [City] [Country] [DATE] The World Bank Office Level 16, China World Tower 2 No. 1 Jianguomenwai Avenue Beijing, China Attention: Mr. Martin Raiser, Country Director, China Re: Loan No. - ([Name of the project]) I refer to the Loan Agreement ("Agreement") between the International Bank for Reconstruction and Development (the "Bank") and [name of borrower] (the "Borrower"), dated , providing the above Loan. For the purposes of Section 2.02 of the General Conditions as defined in the Agreement, any '[one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Borrower to sign applications for withdrawal [and applications for a special commitment] under this Loan. For the purpose of delivering Applications to the Bank, 2[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Borrower, acting 3[individually] 4[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the Bank. 5 [This confirms that the Borrower is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to I Instruction to the Borrower: Stipulate if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete this footnote in final letter that is sent to the Bank 2 Instruction to the Borrower: Stipulate if more than one person needs tojointly sign Applications, if so, please indicate the actual number. Please delete this footnote in final letter that is sent to the Bank I Instruction to the Borrower: Use this bracket if any one of the authorized persons may sign; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the Bank 4 Instruction to the Borrower: Use this bracket only if several individuals must jointly sign each Application; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the Bank. s Instruction to the Borrower: Add this paragraph if the Borrower wishes to authorize the listed persons to accept Secure Identification Credentials and to deliver Applications by electronic means; if this is not applicable, please delete the paragraph. Please delete this footnote in final letter that is sent to the Bank -4- the Bank by electronic means. In full recognition that the Bank shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of SIDC"), the Borrower represents and warrants to the Bank that it will cause such persons to abide by those terms and conditions.] This Authorization replaces and supersedes any Authorization currently in the Bank records with respect to this Agreement. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, / signed / [Position] -5- Attachment 2- Statement of Expenditures IBRD-International Bank for Reconstruction and Development Statement of Expenditures Financier Loan/Credit/Grant# Payment made during the period from to Application# Category# The following expenditures have been incurred during the retroactive financing period (please tick) Yes No Page# The following expenditures have been incurred before the closing date of the loan/credit/grant (please tick) Yes No ONLY for t e Designatedccount 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Contract# Total amount Amount Prior (Client Contract currency and of Invoice % Eligible Withdrawal Withdrawn Item Supplier's Brief Description of the Review Connection# Invoice Date of covered by Financed Amount Exchange from the from the No. Name expenditure Contract? for Prior amn(inal number payment Application by the Aount rate Designated (Yes or No) Review (net of Bank (lx)e nt Account contracts) retention) Account (Co /12) Total (insert Supporting documents for this SOE are retained at location) A separate form should be used for each category -6-