Recently, two authoritative institutions, Hua Zheng and Wind, successively released their latest ESG ratings. Through sustained dedication and outstanding practices in environmental, social, and corporate governance (ESG), Changbao delivered remarkable results: its Hua Zheng ESG rating jumped from last year’s A to the highest level of AAA, while its Wind ESG rating rose to A, placing the company at the forefront of the industry. This breakthrough highlights Changbao’s firm strides along the path of sustainable development.

In recent years, Changbao has integrated ESG work into corporate strategy and daily operations, striving for long-term growth through a balanced approach to environmental, social, and governance responsibilities. The company has compiled key reports closely related to social responsibility and sustainable development for five consecutive years. Starting with the 2023 annual report, it has simultaneously released standalone ESG reports. As Changbao’s ESG performance has gradually gained recognition, its ratings have consistently improved. The company has also received honors such as the "2024 Top 100 ESG Report Excellence among A-share Listed Companies" and the "2025 Top 100 ESG Performance among A-share Listed Companies."

On the environmental front, Changbao actively responds to the national "dual-carbon" strategy. In 2024, it formulated the Changbao Three-Year Action Plan for Energy Conservation and Carbon Reduction, committing to the principles of green and low-carbon development. Through energy structure transformation, energy-saving technology upgrades, the establishment of an energy-carbon digital intelligence platform, and systematic efforts such as lean management, ecological site development, and material recycling, Changbao continues to reduce the carbon intensity of its products. At the same time, the company actively promotes the development of a green supply chain, embedding ESG principles across the entire supply chain management process. It encourages suppliers to jointly fulfill corporate social responsibility, building a stable, green, and sustainable industrial ecosystem.

In the social dimension, Changbao actively implements employee well-being initiatives, improves working conditions, and provides broad development opportunities, fostering a harmonious and fulfilling workplace atmosphere where employees and the company grow together. The company also expands its public welfare channels, regularly organizing volunteers to engage in community activities. Through charitable donations, the establishment of education funds, and initiatives such as Bright Aid for students, Changbao supports educational development. With comprehensive and multi-tiered public welfare efforts, the company continues to fulfill its social responsibilities, injecting lasting momentum into the harmonious development of society.

In terms of governance, Changbao has established a three-tier ESG governance structure, deeply integrating ESG concepts into the entire decision-making process. This has created a standardized and systematic ESG practice pathway, embedding environmental, social, and governance considerations into the corporate development strategy and laying a solid foundation for sustainable growth. By improving the governance of the board of directors, supervisors, and management, enhancing information disclosure, fostering an integrity-compliant environment, and establishing regular communication mechanisms with stakeholders, Changbao continuously enhances its governance effectiveness.

Looking ahead, the company will remain steadfast in comprehensively and deeply fulfilling its environmental, social, and governance responsibilities. Guided by the mission of continuous progress and creating greater value for society, we attach great importance to the long-term impact and positive reputation of the company among all sectors of society, customers, suppliers, and employees. Changbao will continue to refine the organizational structure of ESG governance, guiding corporate action plans with ESG principles, supervising the implementation of various initiatives, and ensuring that ESG concepts and requirements are deeply embedded in business strategies and daily operations, thereby supporting the company’s sustainable and healthy development.