01-Nov-2023 ___________________ Mr. Cheng Zhijun Acting Director General International Economic and Financial Cooperation Department Ministry of Finance Re: Loan No. 9357-CN and Loan No. 9358-CN (Green Agricultural and Rural Revitalization Program – Phase I) Additional Instructions: Disbursement and Financial Information Letter Dear Mr. Cheng: I refer to the Loan Agreement between the People’s Republic of China (“Borrower”) and the International Bank for Reconstruction and Development (“Bank”) for the above -referenced program (“Program”). 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 Program 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 (i) Disbursement Arrangements The table in Schedule 1 sets out the disbursement methods which may be used by the Borrower, conditions, information on registration of authorized signatories, processing of Withdrawal Applications (including processing of advances), instructions on supporting documentation, and reporting of advances. (ii) Withdrawal Applications (Electronic Delivery) 1 The Borrower will deliver Withdrawal Applications (with supporting documents, “Applications”) 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 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 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, 1 Section 10.01 (c) of the General Conditions the Borrower confirms 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 Bank's public website at https://www.worldbank.org and “Client Connection” at https://clientconnection.worldbank.org; and (b) to cause such officials to abide by those terms and conditions. (iii) Disbursement Linked Results (DLRs) The Borrower will deliver Applications of amounts of the Loan allocated to individual Disbursement Linked Indicators (“DLIs”) may, pursuant to the provisions of Section IV.A.2 of Schedule 2 of the Loan Agreement, be sent to the Bank at any time after the Bank has notified the Borrower in writing that it has accepted evidence of achievement of the specific Disbursement Linked Results (“DLRs”). (iv) Withdrawal Amount The Application may be for an amount not to exceed the amount of the Loan confirmed by the Bank for the specific DLRs in respect of which the withdrawal is requested, as specified in the Bank’s notice to the Borrower. (v) Advances and Recovery of Advances The Borrower may, in accordance with provisions of the Loan Agreement, request advances of amounts of the Loan allocated to DLIs/DLRs that have not yet been achieved using the Form attached (Attachment 2). The Bank records an amount of the advance as disbursed for an achieved DLR (“recovered”) after it has notified the Borrower of its acceptance of the evidence of achievement of the DLR for which the advance was provided. The amount so reclassified becomes available for further advances in accordance with the preceding paragraph. II. Financial Reports and Audits 1 (i) Financial Reports The interim unaudited financial reports (“IFRs”) for the Program are not required. (ii) Audits Each audit of the Financial Statements must cover the period of one (1) fiscal year of the Borrower commencing with the fiscal year in which the loan agreement is signed. The audited Financial Statements for each such period must be furnished to the Bank not later than nine (9) 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 public website at https://www.worldbank.org and “Client Connection” at https://clientconnection.worldbank.org. 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- 1 Section 5.09 of the General Conditions 2 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 Bank by email at AskLoans@WorldBank.org using the above reference. Yours sincerely, ______________________________ Mara K. Warwick Country Director, China East Asia and Pacific Region Attachments 1. Form of Authorized Signatory Letter 2. Sample Form for Advances With copies: Mr. Hu Wei, Director International Economic Division Guizhou Provincial Department of Finance Address: No. 242, Zhonghua North Road, Yunyan District Guiyang, Guizhou Province Email: gzczwjc@163.com Ms. Gao Song, Deputy Director-General Foreign Capital Project Management Center Guizhou Provincial Rural Revitalization Bureau Address: Provincial Government Compound, No. 242, Zhonghua North Road Guiyang, Guizhou Province Email: gzwbrdp@qq.com; 397182564@qq.com Ms. Huang Dongying, Director Foreign Loan Management Division Guangxi Department of Finance Address: No. 69, Taoyuan Road, Qingxiu District Nanning, Guangxi Zhuang Autonomous Region Email: gxcztgjc@sina.com Mr. Liu Kang, Chief Economist Guangxi Rural Revitalization Bureau Address: No. 34, Xinmin Road Nanning, Guangxi Zhuang Autonomous Region Email: gxppmo@163.com Ms. Xu Jin, Deputy Director-General Guangxi Department of Agriculture and Rural Affairs Address: No. 8-1, Qingshan Road Nanning, Guangxi Zhuang Autonomous Region Email: gxtpsfxm@163.com 3 Schedule 1 : Disbursement Provisions A. Basic Information Loan No. Country P.R. China Closing Date Section IV. B.4 of Schedule 2 9357-CN Borrower P.R. China to the Loan Agreement. IBRD and Loan Name of the Green Agricultural and Rural Disbursement Six (6) months after the Loan Number No. 9358- Program Revitalization Program – Phase I Deadline Date closing date. CN B. Disbursement Methods and Supporting Documentation Disbursement Methods Methods Supporting Documentation Reimbursement (DLI Yes Confirmation issued by the Bank payment for achieved results) Advance Yes Request in the format provided in Attachment 2 of the DFIL C. Advances To be established at a financial institution acceptable to the Limit Fixed Financial Institution - Bank Guizhou Provincial Department of Name Finance EURO 37,950,000 equivalent Currency Guangxi Regional Department of Finance USD 37,500,000 D. Authorized Signatures Withdrawal and Documentation Applications The form for Authorized Signatory Letter is provided in Attachment 1 of this letter. Please send the Authorized Signatory Letter to the address indicated below: Attention: Disbursement Team The World Bank Office Beijing Level 17, China World Tower 2 No. 1 Jianguomenwai Avenue Beijing, China All Withdrawal Applications and its supporting documentation will be electronically sent via the Bank’s system “Client Connection”. 4 E. Additional Information 5 Attachment 1 – Form of Authorized Signatory Letter [Letterhead] Ministry of Finance [Street address] [DATE] The World Bank Office Level 16, China World Tower 2 No. 1 Jianguomenwai Avenue Beijing, China Attention: [Country Director]1 Re: IBRD Loan 9357-CN and 9358-CN (Green Agricultural and Rural Revitalization Program) I refer to the Loan Agreement between the International Bank for Reconstruction and Development (“Bank”) and People’s Republic of China (“Borrower”), providing the above Loan. For the purposes of Section 2.03 of the General Conditions as defined in the Agreement, any 2[one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Borrower to sign Withdraw Applications ("Applications") under this Loan. For the purpose of delivering Applications to the Bank, 3[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Borrower, acting 4[individually] 5[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the Bank. This confirms that the Borrower is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to 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. 1 Instruction to Bank staff: please forward this letter to Country Lawyer for further processing (Borrower: please do not delete this note). 2 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. 3 Instruction to the Borrower: Stipulate if more than one person needs to jointly sign Applications, if so, please indicate the actual number. Please delete this footnote in final letter that is sent to the Bank. 4 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. 5 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. 6 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] 7 Attachment 2 - Sample Form for Advances [Date] Loan Department The World Bank Office Beijing Level 17, China World Tower 2 No. 1 Jianguomenwai Avenue Beijing, China Attention: Disbursement Team Subject: Re: IBRD Loan 9357-CN and 9358-CN Green Agricultural and Rural Revitalization Program Request for Advance Dear Sir/Madam, We refer to the Loan Agreement between the International Bank for Reconstruction and Development (“Bank”) and People’s Republic of China (“Borrower”) providing for the above Loan. In accordance with the provisions of the Disbursement Letter and Schedule ___, Section __________ of the Loan Agreement, to support the implementation of the above Program and to facilitate the achievement of the planned results, we request an Advance in the amount of [insert amount] 1. [We request that the Advance be disbursed in [currency requested for disbursement] equivalent to the Total Advance Requested above.]2 We acknowledge that the amount disbursed will be charged to the Loan Account in the currency of the Financing at the rate of exchange in effect at the time of disbursement. Sincerely, [insert Name, and Position]3 1 The Proposed Advance should be in the currency of the DLI/DLR as set out in the disbursement table in the Loan Agreement, and in accordance with provisions in the Disbursement and Financial Information Letter. Normally, this is the currency of commitment of the loan. 2 Use this text to designate the currency of the Advance if it should be different from the currency set out in the disbursement table in the Loan Agreement. 3 To be signed by a representative of the implementing/coordinating agency of the Borrower, OR by the person(s) authorized on behalf of the Borrower to sign applications for withdrawal under the loan as set out in the applicable Authorized Signatory Letter. 8