Environmental , Social
and Governance Report
Xiandai Investment Co., Ltd.
CONTENTS
Start of the Report 01 Thirty Years of Glorious History
Creating Xiandai 05
About this Report 01
Letter from Our Chairman 03
Report Description 01
Use Standard Declarations 01 About Us 01
Report Scope and Boundary 01
Data Source and Reliability Assurance 02 Company Pro?le 07
Report Release and Access 02 Corporate Culture 07
Contact Information 02 Awards and Honors 08
Partner Together
Promote a Better Xiandai
Development
People Oriented
Promote Industry Development 57
Supplier Management 57
Strengthen Management Use Intelligence Protect Employees' Rights
Responsible Purchasing 58
and Interests
Create an Excellent Xiandai Guard the Safety of Xiandai Low Carbon Development
Establish a Sound Manage- Pursue Technological Innovation Construct a green Xiandai Diverse and Compliant Employment 49 Unite and Build Harmoni-
ous Society
ment Mechanism Strengthen Environmental Fair Pay and Bene?ts 50
Smart Expressways 23
Management Democratic Management Communication 51 Boost Rural Revitalization 59
Enhance the E?ectiveness of Party Building 11 Smart Maintenance 24
Enthusiastic Public Welfare 61
Optimize the Management System 13 Smart Finance 25 Environmental Management System 37
Stimulate Talent Vitality
Smart Technology 26 Environmental Incident Emergency 37
Complete the Responsible Equal Talent Promotion 51
Governance
Address Climate Change Diverse Capability Enhancement 52
ESG Governance Framework 15 Build Safe Fort Together
Identify Climate Risks 38
Communication with Stakeholders 15 Standardise the Safety System 27 Care about the Needs of
Climate Risk Management 39
Analysis of Materiality Issues 16 Ensure Safe Operation 28 Employees
Greenhouse Gas Emission 40
Enhance Safety Awareness 29 Help Employees in Need 53
Integrity and Compliance
Operation Create Green Operations Create Sunny Life 53
Improve Compliance System
Enhance Professional Services Active Environmental Action 41
Resource and Energy Management 43
Build Clean and Honest Defense Line 19 Warm and Smooth Travel 30
Emissions Management 44
Observe Business Ethics 20 Intimate Financial Services 32
Protect Biodiversity 46
Seriously Industry Operation 33
Safeguard the Interests of Customer 34
Appendixes
Key Performance Table 65
GRI Indicator Index 73
Survey 79
and Governance Report
Start of the Report / About this Report
Report Description
This report is an annual report and is the second Environmental, Social and Governance (hereinafter referred to as
"ESG") Report released by Xiandai Investment Co., Ltd. (hereinafter referred to as "Xiandai Investment", "Company"
or "We"), and no restatement of information is required.
In accordance with the sustainable development philosophy of Xiandai Investment Co., Ltd., this report discloses
the Company's ESG performance and management measures in 2023, which aim to truly represent the practices
and achievements in ful?lling responsibilities of Xiandai Investment in management, compliance operations, road
quality and safety, customer service, talent development, environmental protection and social feedback to share-
holders, employees, government, customers, partners, the public and other stakeholders.
Data Source and Reliability Assurance
Use Standard Declarations
All the information and data in this report are from the Company's ?nancial report and ESG information collected,
This report is prepared in compliance with the Self-Regulatory Guidelines for Listed Companies No. 1 - Standard summarised and reviewed by the Company. Unless otherwise stated, the currency for data involved in this report is
Operation of Companies Listed on the Main Board of Shenzhen Stock Exchange, and with reference to the GRI CNY, for more economic data, please refer to the Company's 2023 annual report. During the reporting period, due
Standards issued by the Global Reporting Initiative, and the United Nations Sustainable Development Goals (UN to adjustments to statistical methods and restatements of some data, this report shall prevail for any di?erences
SDGs), the State-owned Assets Supervision and Administration Commission's of the State Council Reference Indica- from reported data in previous years.
tor System for ESG Special Reports of Central Enterprise-controlled Listed Companies and other related requirements,
climate change-related disclosures also refer to the Task Force on Climate-related Financial Disclosures (TCFD) The Board of Directors of the Company hereby guarantees that there are no misrepresentations or misleading
suggestions.
联系方式
statements contained in this report, and bears responsibility for the authenticity, accuracy and completeness of the
contents.
Report Scope and Boundary
Report Release and Access
Unless otherwise speci?ed, the time range of the data contained in this report is from January 1, 2023 to December
This report includes Chinese and English versions, and is published once a year in paper and electronic format. You
rability and completeness of the report, extend appropriately.
can obtain the electronic version of the report in Chinese and English on the www.cninfo.com.cn. If there is any
discrepancy between the Chinese and English versions of this report, the Chinese version shall prevail.
This report covers Xiandai Investment and our subordinate branches, wholly-owned subsidiaries, and holding
subsidiaries. Unless otherwise stated, the scope of this report is the same as that of the Company's annual report.
Branches Wholly-owned subsidiaries Holding subsidiaries
Dayou Futures Co., Ltd. (referred to as "Dayou Futures") Hunan Yueyang Baling Rural
Changsha Branch of Commercial Bank Co., Ltd.
Contact Information
Modern Wealth Capital Management Co., Ltd.
Xiandai Investment Co., (referred to as "Yueyang Baling
(referred to as "Modern Wealth")
Ltd. (referred to as RCB")
"Changsha Branch") Hunan Modern Environment Technology Co., Ltd.
(referred to as "Modern Environment") Hunan Huaizhi Expressway Address: 7/8/9/F, Modern Plaza O?ce Building, No. 128, Section 2, Furong South Road,
Construction and Development Tianxin District, Changsha City
Hunan Modern Assets Management Co., Ltd. Co., Ltd. (referred to as "Huaizhi
(referred to as "Modern Assets") Company") Contact unit: Securities A?airs Department (O?ce of the Board of Directors and Supervisors)
Huaihua Branch of
O?cial Website:www.xdtz.net
Xiandai Investment Co., Hunan Modern New Energy Co., Ltd.
Hunan Xiangheng Expressway E-mail: dongban@xdtz.net
Ltd. (referred to as (referred to as "Modern New Energy")
Co., Ltd. (referred to as "Xiangh-
"Huaihua Branch") eng Company") Post Code:410000
Hunan Modern Hongyuan Venture Capital Co., Ltd.
(referred to as "Modern Hongyuan") Telephone:0731-88749811
Investor Hotline:0731-88749889
and Governance Report
Letter from Our Chairman
Safety first, people oriented
Safety ?rst, people oriented. We always give top priority to safe operations and ?rmly adhere to the safety policy of
people-oriented, safety ?rst, prevention ?rst, and comprehensive management. We have established a dual
prevention mechanism related to hierarchical safety risk management and control and hidden danger investiga-
tion and management, and strictly implemented safety production responsibility system requirements.
Embarking on a new chapter of digital transformation,
leading the forefront of intelligence
Party Secretary Embarking on a new chapter of digital transformation, leading the forefront of intelligence. We actively respond to
and Chairman: digital and intelligent changes, carefully formulate the top-level design of digital transformation planning, increase
Luo Weihua research and development project management and investment collection. With the help of big data engines, we
fully apply information technologies such as the Internet and arti?cial intelligence to all aspects of the Company. In
cial sharing platform will be put into operation.
Serving Sanxiang, flourishing development
Serving Sanxiang, ?ourishing development. We have made every e?ort to develop "one body and two wings",
focusing on "safety, smoothness, comfort and beauty" of expressways. "Three guarantees, three majors and one
creation" complement each other with civilized and high-quality services. In 2023, the Company's three road
sections ranked among the top 10 in Hunan province in the year-end assessment. The Zhaoshan service area was
rated as the ?rst batch of ?ve-star service areas in Hunan province, second and ?rst respectively in the two unan-
nounced visits by the operating entities of the service area throughout the year. We deepen our industrialization,
optimize traditional areas of asset operation and green and low-carbon transformation business, and implement
sewage treatment projects and waste incineration power generation projects in service areas. We specialize in
In 2023, we usher in the important moment of the 30th anniversary of Xiandai Investment. After thirty years of ?nance and always adhere to ?nancial services to support the recovery of the real economy, promote the "Insur-
baptism, Xiandai Investment has gradually grown from us start-up stage into an outstanding enterprise full of ance + Futures" business out of Hunan, and help rural revitalization.
vitality, diversi?ed business, and shouldering social responsibilities. We have achieved many "?rst-created"
honors for provincial state-owned enterprises and accumulated experience for the development of express-
ways in Hunan Province. With successful experience in marketization, the Company's comprehensive strength Move forward with low carbon and create a harmonious home
ranks among the top in Hunan province. We are honored to share with you our outstanding results in the ?elds
of corporate governance, environmental protection and social responsibility through this 2023 ESG report. We Move forward with low carbon and create a harmonious home. We actively committed to the national dual-carbon
hope that this report will provide with all stakeholders a deeper understanding of Xiandai Investment and jointly goals, promote the investment, construction and operation of new energy infrastructure such as distributed photo-
witness our bright future. voltaics, energy storage, charging and swapping on expressways, and strive to build an e?cient and low-carbon
public transportation network. We continue to improve the sustainable development framework, actively respond
to risks related to climate change, and jointly build a beautiful home where man and nature live in harmony.
Party building leads the way, raising the flag for direction
Party building leads the way, raising the ?ag for direction. We thoroughly study and implement Xi Jinping Raise a glass and fill it with the wine of happiness
Thought on Socialism with Chinese Characteristics for a New Era, carry out thematic education in a solid manner, the true path of spring and autumn comes first
build souls, increase wisdom, correct conduct, and promote work by learning, carry forward the spirit of "Four
Dares". We cultivate an integrated brand of party building business , strengthen the in-depth integration of party Raise a glass and ?ll it with the wine of happiness, the true path of spring and autumn comes ?rst. We will anchor
building and business. We consolidate the political responsibilities of party organizations at all levels and party the beautiful blueprint of "Three Highs and Four News", promote the deep integration of party building and produc-
members and cadres in managing and governing the party, improve the capabilities and quality of party mem- tion operation, focus on deepening the reform of state-owned enterprises, strengthen innovation-driven develop-
bers and cadres, carry out anti-corruption warning education on a regular basis, and build a strong defense line ment, further increase the proportion of revenue from emerging industries, actively develop new productive forces,
against integrity. In 2023, Xiandai Investment held 27 Party Committees and conducted more than 240 research and strive to build a leading domestic comprehensive service provider in the transportation industry in China.
projects, fully leveraging the Company's Party Committee's role in "managing the overall situation, guiding
direction, and ensuring implementation", and integrating party leadership throughout the company's reform
and development. Party Secretary and Chairman: Luo Weihua
and Governance Report
Thirty Years of Glorious History
Creating Xiandai
and Governance Report 2019
Hunan Yueyang Baling Rural Commercial Bank Co., Ltd. was established.
The Company's village-based poverty alleviation work team o?cially
Selected as a sample stock of cninfo 100 Index. stationed in Kexi Village, Zhaping Township, Dongkou County, Shaoyang
Obtained the "Provincial Gate No. 1 Road" trademark 2012 Won the ?rst "National
Corporate Culture
City to carry out village-based poverty alleviation work.
registration certi?cate issued by the Trademark O?ce of
the State Administration for Industry and Commerce in
Demonstration Base" in
the national transporta-
Selected into the list of "Top 100 Corporate Tax Contributors in Hunan
Held the 30th anniversary
Province in 2018".
sha Branch (Changyong tion system. summary meeting.
?ve major categories: advertising, real estate a?airs, Established Modern
repair and installation services, transportation, and Weibaote Technology and Changtan branches Construction of Assessment and Evaluation System for Investment Enterpris-
merged), Tanlei Branch Released Company’s ?rst
temporary accommodation. Investment Co., Ltd. The main line of Chang- es Based on Excellent Performance Management won the second prize of
were established. Environmental, Social and
Won the title of "Excellent Enterprise of Hunan Province"
and "Civilized Unit of Hunan Provincial Government". 2008 mental Technology
Investment Co., Ltd. in Won the "2011 Tax
completed and opened to
tra?c.
Innovation Achievement Award.
Award".
The Exploration and Practice of Listed Companies Promoting "Excellent
Performance Management" won the ?rst prize for outstanding achieve-
Obtain national high-tech
enterprise certi?cation.
Department of Transportation of Hunan Province. "China's Outstanding Yongan Toll Station won ments in the reform and development of Chinese enterprises.
Complete equity division reform.
Integrity Enterprise in 2007",
"National Advanced Unit in
the title of "National The Huaizhi Expressway was opened to tra?c.
Directed the issuance
Creating Xiandai
Thirty Years of Glorious History
Company was o?cially Internal Auditing" and "2008
of the ?rst tranche of Company’s A-share Xisu Toll Station Window in the Transporta-
renamed from "Hunan National Outstanding Unit in
shares and estab- tion Industry" (the ?rst toll
lished Hunan
Changyong Express-
Changyong and
Changtan Express-
issuance was approved by
the China Securities
Changyong Expressway
Co., Ltd." to "Xiandai
(renamed Sanyi Toll
Station in 2003) was
Transportation Corporate
Culture Construction".
station in Hunan Province's
transportation system to
Regulatory Commission’s Investment Co., Ltd." o?cially established
way Co., Ltd. ways completed and win this honor).
opened to tra?c.
A-share issuance review
committee.
and the stock abbrevia- to collect tolls,
creating the "one
Established Hunan Xiandai
Investment Asset Manage- 2015
Construction of
tion was changed from
"Hunan Expressway" to station and two
ment Co., Ltd., Hunan Anxun 2022
Changyong Express-
way started.
Yongan toll station
began o?cial "Xiandai Investment". points" split toll
collection and card
Guarantee Co., Ltd.
(renamed Xiandai Financing
Shortlisted for "Top 500 Chinese Service
Industry" and "Top 100 Enterprises in Hunan in
operation.
issuance method for
expressways in Hunan
The Xiandai Investment expressway 2011 Guarantee Co., Ltd. in 2015),
Xiandai Gloria Grand Hotels
Modern Wealth has integrated with the
Guaranteed Small Loan Company to
maintenance management informa- formally build a comprehensive
social supervision system was
Awarded the title of
&Resorts. Won the ?rst prize of the "22nd National
Enterprise Management Modernization Innova-
way successfully
passed completion ?nancial service platform with two
major sectors: debt ?nance + commod-
"Hunan Province acceptance.
comprehensively promoted. Xuhuai Expressway complet- tion Achievements" and the "22nd National
Company's stock
ed and opened to tra?c. Transportation Enterprise Management
ity trade.
(referred to as
"Hunan Expressway" 2005 Won the titles of "Advanced Unit for
Credit-worthy Unit".
Modernization Innovation Achievements" of Established Hunan Modern Hongyuan
code 0900) was
o?cially listed on Named the "Advanced Account-
Spiritual Civilization Construction in
the Provincial Transportation Industry
Won the titles of "Hunan Provin-
cial Civilized Unit", "Hunan
Tanhengxi Expressway
opened to tra?c.
China Enterprise Confederation. Venture Capital Co., Ltd. and Hunan
Modern New Energy Co., Ltd.
the Shenzhen Stock ing Unit" in Hunan province by in 2005-2006" and "Top 100 Chinese Provincial Hope Project 20 Years Xuhuai Company and Tanlei Branch won the
The ?rst phase of the
Changyong Express-
Ltd. changed its name to Hunan
Changyong Expressway Co., Ltd. Exchange, and
Changyong Compa-
ment of Finance.
Transportation Enterprises in 2006". Outstanding Contribution Award"
and other honors.
?rst and second prizes of the "2014 National
Transportation Enterprise Management
way was completed Formally established the holding Modernization Innovation Achievements".
Tan-Lei Expressway was complet- ny became the ?rst Hunan Xiandai Investment and
and opened to tra?c, subsidiary Hunan Xiandai Real Estate O?cially named Hunan Xiandai
ed and opened to tra?c. listed expressway Real Estate Development Co., Ltd. Won the "Trustworthy Enter-
and Hunan Province Co., Ltd. Hope Primary School in Yingpan Hunan Huaizhi Expressway Construction and
Company in Hunan. was established. prise" awarded by Hunan
o?cially bid farewell Street, Li County, Sichuan Development Co., Ltd. was established.
Provincial Banking Association.
to the history of no Province.
Expressways. Huanghua Toll Station was
awarded the "Civilized Demonstra- Named "Excellent Unit for
tion Window Unit" (the ?rst toll Internal Audit Work" by the
station in Hunan Province's Department of Transportation
expressway system to receive this of Hunan Province.
honor).
and Governance Report
About Us High-Tech Enterprises
Advanced Collective in the 2023 Spring
Festival Transportation Work
A-level information disclosure for the
listed companies on the Shenzhen Stock
Exchange in the ?scal year 2022-2023
China Association of Public
Companies 2023 Excellent ESG
Practice Cases of Listed Companies
高新技术企业 先进集体 2022-2023年度
Company Profile 信息披露A级
Xiandai Investment Co., Ltd. was established in 1993 and listed on the Shenzhen Stock Exchange in 1999 (stock
code: 000900.SZ, referred to as "Xiandai Investment"). We are the only listed Company in the transportation ?eld in Department of Science and Technology of National Committee of the Shenzhen Stock Exchange
Hunan Province, Hunan Provincial Chinese seamen &Construction
Hunan Province. Currently, Xiandai Investment has formed a "one body, two wings" development pattern with Department of Finance, Hunan Provincial Workers’ Union
expressway investment, construction, operation and management as the main body, and modern ?nance and Tax Service, State Taxation Administration
industrial investment as the "two wings". The Company is road-oriented and grows collaboratively. Our business 2022 Golden Information
Disclosure Award X
Awards
scope involves expressways, banking, futures, trade, environmental protection, asset management, road China Association For Public
management and other ?elds. In 2023, the Company's total operating income was CNY8.467 billion, total pro?t and Honors Companies
was CNY0.802 billion, total assets were CNY56.819 billion, the weighted average return on net assets was 4.54%, The 21st One-Star National Youth
Civilization Award
and pro?ts and taxes were achieved CNY0.945 billion. The Company is included as a constituent stock in the Shen-
Best Innovation Practice Award Best ESG Newcomer Award
zhen-Hong Kong Stock Connect program.
With the mission of "Create a beautiful road and practice green development", the Company has achieved many 第21届
一星级全国青年文明号
"?rst" in the Hunan province's expressway operation and management.
We have 7 operational and managed expressways with an operating mileage of 521 kilometers.
Establishe Hunan province's ?rst professional expressway civilized service training institution "Lifei Studio". Communist Youth League of China, The Supreme
People's Court of The People's Republic of China,
National Development and Reform Commission
Create Hunan province's ?rst civilized and high-quality service brand for monitoring positions "Audible Smile". China Securities Journal The 7th China Outstanding IR The 7th China Outstanding IR
and other 23 organizing committees of the
National Youth Civilization Campaign
Cultivate the ?rst toll station in Hunan province with 7 collective national honors - Changsha Toll Station. 2023 Furong Plan Provincial Enterprise The third batch of innovative small and Advanced Unit in Provincial Rural
Science and Technology Innovation and medium-sized enterprises in Hunan Credit System Performance 2023 "Good Start" Competition
Construction of Hunan province’s ?rst Beidou navigation ?oating car technology expressway tra?c incident detection system. Entrepreneurship Team Province Assessment in 2023 Comprehensive Winner Second Prize
Be the ?rst in Hunan province to build ETC pre-transaction, CPC pre-payment and other systems.
Create the country’s ?rst “green energy + modern high-speed” simulation demonstration project. 湖南省第三批
创新型中小企业
Corporate Culture
O?ce of the Talent Work Leading Group Industry and Information Technology Hunan Rural Credit Cooperatives Hunan Rural Credit Cooperatives
of the Hunan Provincial Committee of Department of Hunan Province Union Union
Corporate Mission Value Corporate Purpose the Communist Party of China
Development Vision 2023 Hunan Province Environmental
Outstanding units supported by ?nancial
Create a beautiful road and Domestic ?rst-class transportation Reform, Innovation Serve the Country, Society "Four New" Economic Demonstration institutions in county economic 2022 Hunan Province Contract-abiding Protection Enterprise Credit AAA Rating
practice green development industry comprehensive service provider and Excellence and Employees Enterprises in Tianxin District, Changsha City development in 2022 and Credit-worthy Enterprise Evaluation
Development Model
Focus on creating a "one body, two wings" development pattern, that is, with expressway operation manage-
ment as the main body, with the ?nancial services and industrial operations as the "two wings", strengthen the
main body, specialize in ?nance, deepen industry, and focus on core business.
Management Philosophy Tianxin District Committee and District The People's Government of Yueyang Hunan Enterprise of Keeping Promise Hunan Association of Environmental
Government of Changsha City County Honouring Contracts Association Protection Industry
Digitalization, Specialization and Marketization
Excellent Enterprise in Environmental Best Risk Management Subsidiary Best futures operating
Sanitation Industry Excellent Industrial Service Award Service Innovation Award branch in China
Development Strategy
During the 14th Five Year Plan period, the Company adheres to the "Three Highs and Four News" strategy of
serving Hunan province, fully implement the strategic positioning and mission of "Hunan Province expressway
operation and maintenance brand merchant, expressway intelligent comprehensive service provider, capital
operation platform, and ?nancial service platform". We cultivating high-quality development momentum, and
striving to build an industry-leading demonstration enterprise.
Hunan Urban-Rural Construction Futures Daily, Securities Times Futures Daily, Securities Times Futures Daily, Securities Times
Industry Association
and Governance Report
Strengthen Management
Create an Excellent Xiandai
Establish a Sound Manage-
ment Mechanism
Enhance the E?ectiveness of Party Building 11
Optimize the Management System 13
Complete the Responsible
Governance
ESG Governance Framework 15
Communication with Stakeholders 15
Analysis of Materiality Issues 16
Integrity and Compliance
Operation
Improve Compliance System 17
Build Clean and Honest Defense Line 19
Observe Business Ethics 20
Aligning with the United Nations Sustainable Development Goals (SDGs)
Xiandai Investment follows the rule of law, strictly abides by the Company Law of the People's Republic of China, the Securi-
ties Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies and other relevant regula-
tions. Through the use of a scienti?c and e?ective governance system, the Company is able to maintain sustainable and
healthy development, optimize our organizational structure, de?ne responsibilities and enhance system construction.
and Governance Report
Effective Integration Construction
Xiandai Investment persists in aligning the work of Party building with business goals, taking the improvement of
Establish a Sound Management Mechanism Company e?ciency and the enhancement of Company's competitive strength as the starting point and foothold
of Party building work and implementing the policies of the Party into various aspects of the Company's develop-
ment. The Company continues to deepen activities such as the "Secretary of Party Linked to Projects" and the
"Pioneering Activities of Party Members," while also solidly advancing the construction of the "Five Standards"
Xiandai Investment continuously establishes and improves enterprise management mechanisms that meet
branch, continuously deepening the "Party Building Plus" system and launching the "Three Leading, Three Innova-
modern and standardized requirements, clearly de?ning the responsibilities and authorities of the "three meetings
tive and Five Plus" building model. We cultivate the brands of "DA RONG SHU" of Dayou Futures, the "Pomegranate
and senior management". We place a strong emphasis on the Party's leadership role in corporate governance and
Flower" of Changsha Branch, the "Jingyu" Service Vanguard, the "State-owned Enterprise Craftsman Youth
actively investigate the most e?ective ways to include the Party's leadership within the framework.
Pioneer", the "Road Guard Vanguard Team" and other brands, promoting the integration and common develop-
ment of Party Building and business work.
Enhance the Effectiveness of Party Building Three Leads and
Five Standards Party member +
Three Creates
Xiandai Investment follows the essential notion of "two upholds". We fully carry out the Party's basic leadership
function. The Company integrates the leadership of the Party into every aspect of corporate governance, embeds Branch establishment
standardization The secretary leads the Party member plus safety
the Party into every aspect of the corporate governance structure, incorporates the overall requirements of Party branch to create excel-
building work into the Company's articles of association, strengthens the deep integration and resonance of Party Organizational life lence Party member plus service
building work with enterprise management, and creates a new situation for the reform and development of normalization
state-owned enterprises with new achievements. The branch leads the
Management service Party member to inno- Party member plus smooth
re?nement vate operation
Party Building Leads the way Work system
institutionalization Party member plus plugging
The Party building leads
Xiandai Investment focuses on Party building, enhancing organizational structure, de?ning job assignments and Site construction the group to create the
Party member plus
ensuring that the Party's principles and policies are fully implemented throughout the Company. We focus on the standardization e?ect
electromechanical
spirit of the 20th Congress of the Party of China, continue to strengthen theoretical education, deepen theoretical
popularization, and promote the normalization of the system for heart-to-heart talks. We learn Party building
theory in the form of theme party classes, study groups and book sharing sessions, innovate and carry out themed
activities such as "one lesson, one article, one practice" every month. We regularly organize practical activities to
Dayou Futures leads the high-quality development with the "DA RONG
bene?ting the public, actively carry out theoretical education and practical activities, and enhance the political and SHU" Party building brand
theoretical guidance of Party members.
In 2023, Dayou Futures' "DA RONG SHU" Party building brand was released and authorized,
successfully obtaining the title of "Advanced Grassroots Party Organization" of regulatory
enterprises in Hunan Province. Dayou Futures adheres to the main principle of steady
development, fully leverages the advantage of ?nance, takes root in the soil of serving the
real economy, promotes the deep integration of Party building work and central work,
continuously enhances the in?uence, radiation, and appeal of the "DA RONG SHU" brand
and promotes Party building work to uphold originality and innovation, helping the
Company achieve high-quality development.
Theme education reading group and Party's 20th National Logo of the "DA RONG SHU" Brand Opening Certi?cate of honor of advanced Work registration of the "DA
"Leading Melody" music party class
Congress Spirit Party Member Rotation Training
ceremony of the "DA RONG SHU" brand grassroots party organization RONG SHU" brand
and Governance Report
Optimize the Management System Timely Disclosure of Information
Xiandai Investment integrates the improvement of China's modern corporate system with the construction of Xiandai Investment adheres to the principle of "open, fair and just" information disclosure and has established
excellent enterprises, continuously optimizes the corporate governance structure and improves the system of systems such as the Rules Governing Information Disclosure Matters, the Internal Reporting System for Major Informa-
corporate governance regulations. In accordance with the latest policies, regulatory requirements and the current tion, which regulate the reporting, review, con?dentiality, disclosure and accountability of signi?cant matters in an
development of the Company, a series of rules and regulations such as the Articles of Association and the Rules of all-round and full-process manner. We are investor-oriented and regularly disclose operational information on
Procedures for the Board of Directors have been revised or established. The Company optimizes the organizational platforms such as the o?cial website, cninfo website and China Securities Journal to enhance the transparency
structure and operation mechanism of the "three meetings and senior management". The shareholders' meeting, and timeliness of information disclosure.
the Board of Directors, the supervisory board, and the management team perform their respective duties, shoulder
their respective responsibilities, coordinate operations and maintain e?ective checks and balances, steadily Xiandai Investment has obtained an "A" grade assessment results in the evaluation of information disclosure work
improving the level of corporate governance. evaluation of Shenzhen Stock Exchange for two consecutive years and has received various related awards and
Shareholders Meeting honors, demonstrating the high recognition of regulatory authorities and the society for the Company's standard
governance and information disclosure quality. Details please refer to the "Awards and Honors" section.
Party Committee Board of Directors Board of Supervisors
During the reporting period, the Company did not engage in any violation of information disclosure and did not
receive any penalties from regulatory authorities such as the China Securities Regulatory Commission and stock
Discipline Inspection
General Manager exchanges.
Commission
Party Organizations Nominating Remuneration and
Strategy Committee Audit Committee
at All Levels Committee Appraisal Committee
Construction of the Board of Directors and Board of Supervisors
The Company disclosed a total of 72 public notice documents including 6 periodic reports and 66 interim reports
Xiandai Investment is committed to enhancing the professionalism, diversity and inclusiveness of the Board of Directors
and supervisors, focusing on the professional composition of members of the board's specialized committees, continu- Investor Communication and Returns
ously optimizing the operation mechanism of the Board of Directors and Supervisors and improving decision-making
e?ciency. We focus on strengthening the board's capabilities in corporate governance, risk management and leader- Xiandai Investment has established a comprehensive investor relations management system, formulated investor relations
ship, continue to innovate the supervisory form of the Supervisory Board in corporate governance. Through learning management regulations such as investor visit reception, and strengthened communication and interaction with investors
and training, we ensure that the Board of Directors is always up to date and fully plays its core role in corporate gover- through various measures. We classify investors into di?erent categories and formulate di?erent communication strategies
nance, making greater contributions to the Company's long-term prosperity. based on these categories. We maintain contact with investors through various channels such as telephone conferences,
research interviews, seminars and performance brie?ngs, and timely address investors' inquiries.In 2023, we held a perfor-
By the end of the reporting period, the Board of Directors of the Company is composed of 9 directors, including 3 mance brie?ngs once, set up investor reception day once, received 87 visits from investors, and answered 34 investors'
independent directors, 2 female directors, and 1 employee directors; the Supervisory Board of the Company is questions on the interactive platform of the Shenzhen Stock Exchange with a 100% response rate.
composed of 6 supervisors, including 3 female supervisors and 2 employee supervisors.
Xiandai Investment places emphasis on shareholders' returns and consistently adheres to a cash dividend policy. Since our
IN2023 listing in 1999, the Company has paid dividends 22 times, totaling CNY3.123 billion, far exceeding the funds raised by the
Company. We formulate a dividend plan for the years 2022-2024 to further improve and re?ne the decision-making process
and mechanism for pro?t distribution matters, optimize the continuous, stable, scienti?c and transparent dividend mecha-
nism, and safeguard the rights of shareholders to enjoy asset returns in accordance with the law.
Times Times % Times %
Hold Shareholder Hold Board of the attendance rate Hold Board of the attendance rate Xiandai Investment's total cash dividends in the past ten years
(CNY10 million/before tax)
Total cash dividends
meetings Directors meeting of board members Supervisors meeting of board members
(CNY10 million/before tax)
Xiandai Investment holds special training for directors, supervisors and 24.28 24.28 24.28
senior management 22.76
On May 10, 2023, the Company held a special training for the directors, supervisors and senior
management. The training provided a detailed analysis of the regulatory trends and perfor- 15.17 15.17
mance requirements after the comprehensive registration system revision, as well as an 15
introduction to the basic ways of capital operation for listed companies. This training deepened
the understanding of the comprehensive registration system for the Company’s directors,
supervisors and senior management members and further enhanced the performance and 10
responsibility of the directors, supervisors and senior management.
Special training for directors, supervisors
and senior management
and Governance Report
Complete the Responsible Governance Analysis of Materiality Issues
As a responsible Company, Xiandai Investment continuously improves ESG management by integrating the ESG
To better realize the sustainable development of the Company, we have identi?ed 23 potential materiality issues
concept into every aspect of the Company, every business decision and every action through a series of innovative ways
based on our own development plan, combining with the disclosure requirements of regulatory authorities and
and methods, contributing to the sustainable development of society.
the focus of stakeholders, and bid selection with outstanding companies in the industry, and ranked materiality
issues according to two dimensions of "importance to the sustainable development of Xiandai Investment" and
"importance to stakeholders" to ensure the high relevance of the existing issues to our own business operations
ESG Governance Framework
and the development of the industry. This process is monitored and reviewed by the Board of Directors and is a key
consideration in the formulation of internal development strategies and management policies.
Xiandai Investment has gradually optimized ours ESG management system, on the basis of the original governance
framework, a comprehensive ESG management system improvement has been carried out, clarifying the ESG responsi-
bility allocation of the Board of Directors, senior management, subsidiaries, and various functional departments. This
has formed an ESG work mechanism managed by the Board of Directors. Issue Identification Issue Assessment Issue Ranking Issue Confirmation
ESG governance framework of Xiandai Investment Based on the business The Company ranked the Based on two dimensions of The Board of Directors and
model and sustainability, the impact importance through "importance to the management of the
Company combined Chinese quantitative and qualitative sustainable development of Company reviewed the
Decision leadership
Deliberate make decisions and Ensure ESG related information Push forward the implementation policy guidelines, regulatory analysis, and assessed the Xiandai Investment" and results of the materiality
supervise major ESG issues. is disclosed in time. of ESG major issues. authorities' information importance of each issue "importance to stakehold- issue analysis and con?rmed
Board of Directors
and Senior Management disclosure guidelines, through internal research, ers", we analyzed and materiality issues and issue
industry development and expert consultation, and identi?ed the high, medium matrix of ESG for the year.
Management leadership the concerns of stakeholders targeted distribution of and low importance issues The Company will respond to
Assist to develop speci?c ESG Organize related education Actively seek opportunities to (including the interests of materiality issue analysis of Xiandai Investment by and disclose materiality
goals and plans. and training. improve ESG management.
Securities A?airs Department minority groups), and invited questionnaires to stakehold- ranking the importance of issues and prioritize
external sustainable ers. issues through the materiali- reporting on high priority
development experts for ty issue matrix. issues.
Executive leadership consultation, and identi?ed
Take charge of the concrete Ensure business activities are in Report ESG performance and receive 23 materiality issues in
implementation of ESG work. line with strategy and decisions. oversight from Senior Management .
Subsidiary companies environment, society and
and Functional Departments
governance.
Communication with Stakeholders ESG materiality issue matrix of Xiandai Investment in 2023
Xiandai Investment attaches great importance to communication with government and regulatory authorities, share- Medium importance High importance
holders and investors, customers, employees, suppliers and partners, media and non-governmental organizations, issues issues
Response to climate change
Importance to stakeholders
communities, the public and other stakeholders and has established diversi?ed communication channels and
ESG governance
feedback mechanisms in response to the characteristics of each party, and discloses the Company's sustainable devel-
Health and safety
opment information to all parties in a timely manner to ensure the accurate identi?cation, comprehensive understand-
Compliant and ethical operations
ing and precise response to the demands of stakeholders. Talent training and management
Employees' rights and interests
Communica- Media and Non- Talent attracting and retention
tion with Suppliers and Shareholders governmental Community
Employees Customers Partners and Investors
Stakeholders Organization and the Public Road Smooth and safety road
Supply chain management
Waste management
Equal employment and diversi?ed
Major issues
Operation according Work safety Harmonious community Risk management
to laws development
Career development Procurement in an
Safe travel open, fair and Sustainable pro?tability Environment and social
Local economic transparent way expression Local livelihoods Information disclosure Information security
Salary and bene?ts Biodiversity conservation and data protection
development promotion Service quality Regulating governance improvement
Compliance Road quality and safety Innovative development
Interests and rights Information and privacy Public welfare support Customer service
Energy saving and protection management Community relations
consumption reduction protection
Compliance with laws Operation according to
laws Localized operation Energy management Water resource management
Environmental protection Social welfare Smart expressways
Employee seminars
Channels and Forms
Communication
Employee training Investor meeting Regular communica-
tion and reporting
Policy advocacy Periodic information Volunteer activities
Enterprise culture Customer complaints Supplier audit
activities disclosure Press release Low importance issues
Employment
Quali?cation review Satisfaction survey Bidding procurement
Social media Media publicity Media interview
Public welfare and
Information disclosure Social media Phone and email charity
Employee
representative congress
Shareholders' meeting
Social media
Importance to the sustainable development of Xiandai Investment
Suggestions
and Governance Report
Integrity and Compliance Operation
Xiandai Investment insists on operating in accordance with the law, continuously strengthening risk control, improving Risk management
compliance systems and operating mechanisms, nurturing a culture of compliance, strengthening supervision and measures Actions
accountability, adhering to the bottom line of integrity in employment, strengthening employees' awareness of A leadership group led by the Company's top leaders as the group leader is established to
Risk dual
business ethics and leading the right business ethical values. regulatory system strengthen the regulatory system for preventing systemic risks. This group will coordinate and
promote the relevant work for the construction of the dual regulatory system.
Improve Compliance System Internal control Formulate the annual internal control evaluation plan, urge and guide each unit to carry out
self-evaluation self-evaluation seriously, review the self-evaluation draft of each unit and department, and
complete the preparation and disclosure of the annual internal control evaluation report.
Xiandai Investment attaches great importance to internal control work, always insisting on embedding compliance
management requirements into various areas of business management, and simultaneously building a compliance
management system and compliance culture. We continue to strengthen audit supervision, improve the internal control Risk control Formulate the Risk Prevention and Control System Rating Management Evaluation Rules, comprehen-
sively judge the risk prevention and control system construction, risk management level and risk
system, prevent operational risks and continuously improve the Company's legal construction and compliance system rating
status of the subsidiaries.
management mechanisms.
in2023
IN2023 Risk identi?cation
According to the control objectives, collect relevant information, accurately identify various internal
risks and external risks.
Risk analysis
% Regular and irregular risk
assessment
According to the probability of risk occurrence and the degree of impact of the ranking, formulate
the Signi?cant Risk List and risk analysis is carried out by combining qualitative and quantitative
Introduced 24 new Revised 65 Conducted 37 Identi?ed 276 issues in the internal audit and achieved methods.
regulations regulations internal audits a 100% recti?cation rate.
Risk management
Combine with risk tolerance, determine the risk response strategy, and the Company risk
assessment results for annual or irregular adjustment.
Audit Supervision System
Xiandai Investment has established the Audit Supervision System and the Contract Formulate the Contract Management System, clear the contract review, signing, performance and
Implementation Rules for Economic Responsibility Audit, clarifying the leadership management other whole process management rules, control contract management risks.
responsibilities and work mechanisms for compliance management. At the
beginning of the year, we formulated an audit plan and strictly completed
Formulate the Management System of Legal Litigation Disputes and the Measures for the Administra-
audit tasks according to the plan. We supervised and tracked the audit issues Legal risk
tion of Legal Service Intermediaries, improve the system of various contracts, litigation disputes and
prevention
requiring recti?cation, ensuring recti?cation within the speci?ed timeframe. legal a?airs of the co-ordination of management requirements and authority.
During the reporting period, we conducted compliance training and needs
interviews, and implemented a comprehensive compliance management
Contract
system involving all employees, further enhancing internal control construction management Conduct compliance training and watch educational videos.
and standardizing system management in accordance with the Work Plan for Kicko? meeting for the construction of
compliance management system
Compliance Management System Construction.
Internal Control Risk Management Privacy and Information Security
Xiandai Investment is making great e?orts to promote the construction and improvement of the risk management Xiandai Investment is committed to protecting the privacy information of
system and processes, continuously enhancing the Company's risk management capabilities and defense capabilities. investors, employees, and clients. We have established the Network Security
We are establishing a dual regulatory system to standardize and strengthen the Company's borrowing management Management Measures and Con?dentiality System and other information
and investment decisions, e?ectively achieving the goals of "two preventions" and "two necessities" and improving the security protection systems. Additionally, we have formed a network security
Company's risk prevention and control regulatory system. working group to supervise and manage network security work. Internally,
the Company takes measures such as encrypted storage and transmission,
Two Mistakes in investment decision-making should be prevented, restricted access permissions, network security training, establishment of
Preventions and borrowing should not be used to cover operational issues. emergency response mechanisms, management and restriction of employ-
ee account permissions, and desensitization of data used in non-produc-
Two Every penny borrowed by the Company must be decided by the Board of Directors, tion environments of information systems. These measures ensure the secu-
Xiandai Investment obtained "National Information
Necessities and the purpose of every penny borrowed must be clearly defined. System Security Three-level Registration" certi?cate rity and con?dentiality of customer, investor, and employee privacy informa-
tion. Externally, the Company actively registers insiders and reminds them of
their con?dentiality obligations regarding major matters.
and Governance Report
Build Clean and Honest Defense Line Observe Business Ethics
Xiandai Investment maintains a "zero tolerance" attitude towards bribery and corruption. With deepening and Adhering to the bottom line of the law and strictly Observe Business Ethics is the Company's solemn commitment
re?ning political supervision as the leader, we establish a perfect "Five Responsibilities Coordination" as the to society. Xiandai Investment strictly complies with the requirements of laws and regulations such as the Law of
platform, coordinate e?orts to promote special recti?cation as the focus, strengthen daily supervision as the key the People's Republic of China on Anti-Unfair Competition and the Law of the People's Republic of China on Anti-money
point and achieve breakthroughs in handling problem clues. We are making comprehensive e?orts to deepen the Laundering. We attaches great importance to managing con?icts of interest, anti-money laundering, anti-unfair
construction of a "clean Xiandai Investment" corporate culture. competition, and anti-corruption work. We always adheres to the highest business ethics standards, maintains fair
competition, advocates honest operation, and is committed to establishing a positive business ethics model.
During the reporting period, Xiandai Investment focused on the construction of a clean culture. In addition to
holding annual meetings on party conduct, integrity building, and anti-corruption work, it also promoted a clean Anti-money Laundering
culture in various forms. This included organizing "Family Support for Cleanliness" activities, setting up a clean
industry promotion column for futures investors, actively participating in clean debate competitions, releasing a The ?nancial services sector of Xiandai Investment has established a sound system for reporting suspicious trans-
series of clean wallpapers for mobile phones and computers, and organizing the "Clean Xiandai Investment, actions, implemented arrangements for anti-money laundering work and implemented "risk-based" classi?cation
Everyone Speaks" essay display activities. control measures such as setting monitoring indicators for suspicious transactions, establishing procedures for
reviewing and submitting anti-money laundering reports and improving customer risk classi?cation standards.
IN2023
Dayou Futures has taken many measures to promote
anti-money laundering work
person-
Times times hours
Carried carried out integrity Middle and senior management participated in anti-corruption education 86
training activities 49 times person-times, a total of more than 892 hours
Suspicious transaction analysis Anti-money laundering network Directors, supervisors and senior Intellectual
platform contest management anti-money laundering Property Protection
training
person-
times hours
The remaining employees participated in anti-corruption education 2,024
person-times, a total of more than 4,940 hours
Intellectual Property Protection
Protecting intellectual property is protecting innovation. Xiandai Investment has formulated the Information
Management System and the Implementing Rules for Software Genuine Licensing, establishing a dedicated intellec-
tual property management department, and set up a leadership group for software genuine licensing. This group
Dayou Futures organized clean culture construction and family
is responsible for intellectual property application, maintenance, and rights protection work. At the same time, the
assistance theme education activity
Company regularly conducts intellectual property training to enhance employees' patent awareness and protec-
tion consciousness. The Company encourages employees to actively participate in innovation, provides necessary
In August 2023, Dayou Futures organized the "Clean Dayou Futures
and breeze family" clean culture construction and family assistance resources and support, and promptly rewards and commends them. It actively assists employees in applying for
theme education activity at the New Era Integrity Education Base in patents and other intellectual property protection measures.
Hunan Martyrs Park. The activity e?ectively guided Party members to
strengthen their ideals and beliefs through a combination of seeing, In 2023, the Company was recommended by Hunan Province to participate in the selection of national copyright
listening, appreciating, thinking, and understanding. It rooted clean
demonstration units (software genuine licensing). By the end of the reporting period, the selection work has not
culture and a clean family style in the hearts of participants, encour-
aged them to practice it in their actions, and e?ectively strengthened been completed.
the family's defense line against corruption and change.
Clean culture construction and family assistance
theme education activity
The Company has 153 software 116 patents have been granted 8 new patents
copyrights and patents added in 2023
and Governance Report
Use Intelligence
Guard the Safety of Xiandai
Pursue Technological Innovation
Smart Expressways 23
Smart Maintenance 24
Smart Finance 25
Smart Technology 26
Build Safe Fort Together
Standardise the Safety System 27
Ensure Safe Operation 28
Enhance Safety Awareness 29
Enhance Professional Services
Warm and Smooth Travel 30
Intimate Financial Services 32
Seriously Industry Operation 33
Safeguard the Interests of Customer 34
Aligning with the United Nations Sustainable Development Goals (SDGs)
Xiandai Investment has established a core value of "Reform, Innovation and Excellence", empowering business opera-
tions with wisdom and continuously improves service quality. The Company continuously upgrades our management
through intelligent solutions and pursues excellence in products and services, always providing customers with the best
service experience.
and Governance Report
Pursue Technological Innovation Smart Maintenance
Xiandai Investment relies on the intelligent management system platform for expressway maintenance, conduct-
Digital transformation is one of the key measures to drive the development of modern enterprises and Xiandai
ing comprehensive analysis of factors such as tra?c ?ow and climate to provide scienti?c basis for maintenance
Investment actively responds to this trend, embracing the wave of digital transformation and continuously intro-
planning, promoting the standardization, informatization, scienti?cation and re?nement of maintenance
ducing innovative technologies. The Company continuously deepens the integration and application of new
management. Through automation equipment, robots and other technologies, the Company has achieved the
generation information technologies such as big data, Internet of Things, and cloud computing, enhancing the
intelligence of road maintenance work such as road marking repairs and barrier cleaning, improving operational
Company's innovation capabilities and core competitiveness.
e?ciency and construction quality.
Smart Expressways Management measures of intelligent maintenance
Relying on the advantage of "smart expressways", Xiandai Investment continues to explore various AI technolo-
gies, such as non-sensing, barrier-free, and contactless, fully creating a comfortable and fast new mode of Closed-loop maintenance engineering management
passage. We use the most advanced arti?cial intelligence technology, with big data as the engine, to promote the
•Based on the application of hand-held mobile terminals, a detailed closed-loop management process for routine inspec-
deep integration of big data with toll collection, maintenance, emergency rescue and other scenarios. This e?ec-
tion, disease treatment, construction acceptance, measurement and payment and statistical analysis is formed
tively of travel and enables drivers and passengers to experience a comfortable and seamless driving process on
the expressway.
Maintenance data interoperability
Smart Expressway Construction in 2023 •Complete the data interworking between the Company's platform and each branch Company's platform
•Enhance data sharing between computer and mobile phone applications to facilitate the management of routine on-site
•Building smart toll station to make charging and issuing cards unmanned. maintenance veri?cation
Automatic
Automatic •Equipped with entrance infrared ultra-high detection equipment and
charge
charge charging robot equipment.
•Building systems such as ETC pre-transaction and CPC pre-payment. Build a big data center of maintenance
•Establish the infrastructure database for road production and realize the standardized management of the basic data
•Building a cloud platform for expressway emergency rescue and dispatch
Automatic
Intelligent for information sharing and joint logistics linkage.
rescue
charge •Launching a "One-click Rescue" service to quickly and accurately locate
malfunctioning vehicles through satellite positioning technology. Innovate the emergency management of maintenance
•Standardized management and automated grading of slope risk assessment
•Equipped with a high-density and high-de?nition intelligent road •Achieve real-time reporting and summarization of emergency situations such as slope ?ooding
Automatic
Automatic monitoring system.
business
charge •Setting up a tunnel incident monitoring system.
Innovative intelligent management of bridges
Automatic •Building "GSHT" one-stop digital service platform.
Quantitative •Each bridge generates a unique two-dimensional code, which can accurately identify the relevant information of the bridge
services.
charge at any time by scanning the code and comprehensively master the basic attribute information of the bridge
Mini Program of GSHT •Systematic inquiry to know the status of routine maintenance and inspection of bridges in real time
The implementation of intelligent high-de?ni-
Full coverage of charging robot equipment on Maintenance inspections is carried out using Intelligent Monitoring Cloud Platform for
tion video monitoring system on Changzhi
Changzhi Expressway Changshaolou section unmanned aerial vehicles on the Changshao- Xuhuai Expressway high pier large longitudinal
Expressway Changshaolou section
lou Expressway slope bridge
and Governance Report
Smart Finance Smart Technology
Xiandai Investment's ?nancial sector adheres to the concept of "specialising in modern ?nance, promoting the Xiandai Investment continues to develop environmentally friendly smart new technologies, using technological power
integration of ?nancial and industrial capital, and serving the real economy". It is committed to using advanced to solve environmental problems and providing more diversi?ed choices and solutions for environmental governance.
technologies, such as big data and arti?cial intelligence, to innovate ?nancial services, enhance the supply of Modern Environment has established the "Hunan Province Urban and Rural Domestic Waste Treatment and Disposal
?nancial products, explore and implement new models and paths of intelligent ?nance, and provide customers Engineering Technology Research Center", "Non-ferrous Metal Green Ore Dressing and Pollution Control Technology
with more e?cient, convenient, and intelligent ?nancial service experiences based on data-driven decision Hunan Province Engineering Laboratory," the Changsha City Expert Workstation and other research platforms. The
support. development and application of these new technologies have achieved good economic, social and ecological bene?ts
and awards. To date, the Company has obtained 4 authorized patents and published 3 SCI papers.
In 2023, our focus is on the e?cient and stable construction of systems, as well as the independent research and
development of integrated platforms. These platforms aim to support the development of innovative businesses
and provide reliable technical support, guided by the construction of secure and innovative systems for the
creation of a national cryptocurrency. Focusing on customer needs and business development, we actively
promote digital transformation. We have successively obtained 7 practical system national computer software
copyright registration certi?cates, including "OTC Option Comprehensive Management System", "OTC Option Quot-
ing Mini Program" and " Futures and Spot Comprehensive Management System". Modern Wealth has o?cially
launched the Anxun Micro?nance "Xiandai Property Mortgage" cloud mortgage real estate registration system,
achieving full online registration of real estate mortgages in the loan business by integrating with the "Internet +
Real Estate Mortgage Registration" in Changsha.
Dayou Futures develops the information
technology system to enhance the user experience
Xiangxiang domestic waste incineration for power generation The integrated treatment technology and demonstra-
obtains 1 patent and 7 soft copyright project won "2023 Hunan Environmental Protection Demon- tion project of Dispersed Kitchen Waste won the gold
stration Project" prize of "Award for invention and entrepreneurship"
Modular smart sewage treatment
technology of Modern Environment won many honors
Modern Environment has conducted key technical research on modular smart sewage treatment, maximizing the reduction of
operational energy consumption, drug consumption and enhancing the system's ability to withstand shock loads to ensure stable and
compliant water discharge through smart transformation, technological improvements and innovation to adapt to "tidal phenomena".
According to incomplete statistics, the application of the above operating mode can save 37.5 kWh of electricity, 4.61 kg of standard
coal and reduce 11.33 kg of carbon dioxide emissions per cubic meter of water. This technology has been awarded the "Advanced
Environmental Protection Technology of Hunan Province in 2023" and the "Practical Environmental Protection Technology of Hunan
Province in 2022" and has been included in the Practical Environmental Protection Technology Directory of Hunan Province. It has been
successfully applied to multiple projects such as the sewage quality improvement project at the Chaling Service Area of Hunan High
Speed Industry Development Co., Ltd. and the sewage treatment project at the Nanchangcheng Service Area.
Modular smart sewage treatment technology was
awarded the "Advanced Environmental Protection
Modular smart sewage treatment equipment
Technology of Hunan Province in 2023"
and Governance Report
Build Safe Fort Together Ensure Safe Operation
Xiandai Investment is comprehensively promoting safe production operations, strengthening safety management,
The road to safety production is endless. Xiandai Investment has always adhered to an unremitting and unrelent-
re?ning safety measures, and standardizing safety work processes. The Company has established clear safe produc-
ing attitude and has integrated the concept of safety development into every aspect of daily operation and
tion goals and plans, established comprehensive emergency plans and emergency response systems, promoted the
management, laying a solid foundation for the Company's safe and stable development, providing employees
graded control of operational safety risks and established a dual prevention and control mechanism for hidden
with a safe and comfortable working environment and o?ering customers safe and reliable services.
dangers. The Company fully leverages the work mechanisms such as police coordination and emergency drills to
continuously improve the Company's safety operation and management level, and make every e?ort to ensure opera-
Standardise the Safety System tional safety management and vehicle safety.
Xiandai Investment has always adhered to the business philosophy of safety development, established and improved In 2023, the Company achieved safety production "Four 100%" management indicators:
the safety production management system and working mechanisms in accordance with the laws and regulations such
as the Production Safety Law of the People's Republic of China, focusing on strengthening the construction of the safety
production standardization system and implementing the safety production responsibility at all levels.
% % % %
Safety Production System Construction Self-check coverage of 100% timely recti?cation Safety education and Special equipment regular
Xiandai Investment has established a set of safety production management system covering various aspects such as security risks 100% of safety hazards training rate 100% detection rate of 100%
building safety, facility and equipment safety, safety production education and training and special operation safety.
The Company dynamically identi?es and obtains safety production-related laws, regulations, and other requirements,
formulates the List of Production Safety Laws, Regulations, and Standards and regularly evaluates the compliance of
safety production laws, regulations, standards and rules to ensure that the Company's safety management activities
meet the requirements. Times Times %
Carried out various 1,417 regular and irregular Checked for 2,480 potential The recti?cation rate of
Report
emergency drills 168 times security checks hazards hidden trouble is 100%
Clean Up
Security Risk Screening
Super- Investi-
Closed-loop
vision
management
gation
Xiandai Investment has established a comprehensive business inspection mechanism based on the "Five Fix and Three
for hazard Check" approach, and has conducted safety production inspections, joint law enforcement special recti?cation for
investigation and
rectification
"treating safety hazards at the source," as well as self-inspection and self-correction activities for hidden danger investi-
gations. It has also established a safety hazard risk ledger and list, and has promptly eliminated safety hazards.
Rectifi- Regis-
cation tration Safety production standardization construction reaches Capacity Building for Emergency Response
the second level standard
Xiandai Investment has formulated Emergency Plan for Work Safety, the Special Emergency Plan for Emergencies and the
Comprehensive Emergency Plan for Emergencies. It has organized subsidiary companies to develop annual emergency
Safety Production Management Organization plan exercise plan focused on the key tasks and key links of safe production. The Company has innovatively implement-
Adhering to the safety production supervision and management principles of "uni?ed leadership, responsibility implementa- ed desktop drills in the form of "monthly exercises" and regularized ?re evacuation drills, ensuring the ability to respond
tion, graded management and classi?ed guidance," the Company has established a four-level safety production manage- to and handle sudden situations quickly and e?ectively. Furthermore, we have strengthened the supervision and
ment structure, implemented safety production responsibilities, signed safety production responsibilities at all levels, continu- management of vehicle rescue services, conducted strict checks on the performance of the vehicle rescue service
ously strengthened the awareness of the safety red line and ensured e?ective management of safety production work. teams, and strengthened the supervision and management of the three stages of pre-event, in-event and post-event
vehicle rescue services.
Work Safety Committee
As the highest deliberative, coordinating and decision-making organization of Work Safety Management, it is responsible for researching, directing,
Huaihua Branch conducted a comprehensive emergency
coordinating, supervising and inspecting work safety of the Company, researching and solving major problems in work safety
response drill for tunnel incidents
Safety Committee Office
To undertake the daily work of the Work Safety Committee, implement the work requirements of the committee, coordinate and cooperate with relevant In June 2023, Huaihua Branch conducted a comprehensive emergency response drill for
departments to ensure the e?ective promotion of work safety tunnel incidents, simulating a rear-end collision between a small van and a hazardous
chemicals transport vehicle in the tunnel. The tunnel surveillance employees guided the
Safety Operation & Maintenance orderly evacuation of personnel inside the tunnel for the ?rst time. Various units immedi-
The department in charge of the work safety supervision and management of the Company shall perform the duties of supervision and management of
ately responded, organized relevant personnel to rush to the scene for survey and took
the work safety of the Company
corresponding measures. The drill process was closely connected, and tra?c control,
extinguishing the ?re source, and other disposal measures were e?ciently coordinated.
Subsidiaries
Emergency response drill Accident investigation, road clearing, and other tasks were orderly and the emergency
Under the leadership of the Company's Work Safety Committee to do a good job in the work of the unit's safety leadership
for tunnel incidents response personnel cooperated closely to complete all tasks satisfactorily.
and Governance Report
Responsibility Assessment
Enhance Professional Services
Xiandai Investment has assumed the main responsibility for safe production and e?ectively achieved the annual
safety production work goals issued by the Company. Every year, we conduct safety production target assessments
Xiandai Investment has always adhered to the management concept of "Digitalisation, Specialisation and Marke-
and evaluations based on the annual safety production plan and key work system, resulting in an e?ective incen-
tisation", continuously improving service standards and management quality. We aim to enhance the service
tive and restraint mechanism.
system, optimize the service process, and ultimately provide customers with a superior service experience.
Occupational Safety
Warm and Smooth Travel
Xiandai Investment prioritizes the health and safety of employees in business operations. The Company strictly
complies with the Law of the People's Republic of China on Prevention and Control of Occupational Diseases and Xiandai Investment follows the idea of "focusing on the main business for future development, doing operation
formulates the Occupational Health and Safety Management System and Post Safety Operation Rules to standardize around the theme of transportation", adheres to the development concept centered on the people, implements
the prevention, control, and elimination of occupational hazards. the "four-good transportation" requirements and builds a transportation system that satis?es the people. We are
committed to ensuring comprehensive improvement of road conditions and appearance, comprehensive
The Company has set the goal of "eliminating all safety hazards and ensuring the health and safety of all employ- improvement of service quality and comprehensive optimization of transportation environment to meet the travel
ees," thereby ensuring that the workplace is always safe and healthy. In 2023, the Company did not exceed the needs of drivers and passengers for "safety, smoothness, comfort and beauty".
limits of occupational hazard factors and did not have any major occupational health incidents.
"Heartwarming Journey, Warm Winter Action"
To ensure the occupational safety of employees,
the measures we have taken include:
million person-
Pre-employment, during-employment and post-employment occupational Equipping employees with labor times hours
CNY
health examinations for personnel exposed to occupational hazards, and protection supplies, relevant emergency
establishment of individual occupational health surveillance records equipment, and emergency medicines The investment amount for road mainte- voluntary activity involved 199 participants, activity duration approximately 986 hours.
nance projects is CNY164.66 million
Regularly conducting
Setting up occupational disease hazard Improve the Level of Road Smoothness
Conducting occupational warning signs and notice boards and
hazard factor testing occupational health The Company normalizes the requirements of the "Three Guarantees and Three Improvements (ensuring safety,
publicizing health knowledge
training smoothness, service and conducting inspections, recti?cations, improvements)" special action into daily manage-
ment, strengthens the investigation of slope hazards during the main ?ood season, carrys out anti-icing and
emergency rescue e?orts, plans for peak tra?c ?ow and implements the transformation of toll ticket from paper
Enhance Safety Awareness to electronic format. By empowering toll stations with technology and ensuring the safety, smoothness and order-
liness of the expressway in the jurisdiction through multi-party collaboration and various measures.
To enhance the safety awareness of Company employees, the Company has formulated the Safety Production
Education and Training System and implemented a "three-level" safety training at the Company level, department
(grassroots unit) level and post level. We continue to carry out powerful, outstanding, distinctive and e?ective Huaihua Branch set up a volunteer team to
safety publicity and education activities that combine online and o?ine methods, such as classroom lectures, ensure smooth travel during the Spring Festival
safety knowledge competitions and symposiums, to further enhance the overall health and safety awareness and During the Spring Festival travel rush, Huaihua Branch set up "Spring Festival volunteer
emergency evacuation capabilities of all employees. convenience service desks" at each toll station, established volunteer service teams and
provided 24-hour hot water, simple maintenance tools, protective equipment and
consulting services as part of the extended convenience services. Combining past experi-
ence in ensuring smooth tra?c ?ow, each toll station scienti?cally analyzed and judged
million changes in tra?c ?ow, accurately revised and implemented "one station, one strategy"
Times CNY people Spring Festival travel rush
plans to ensure smooth tra?c, and continued to implement e?ective measures such as
volunteer service desk
Safety training held 379 times Safety production investment amounting to CNY149.66 million Safety training covering 3,119 people being on standby and diverting passenger and cargo tra?c.
Xiandai Investment organized "Ankang Cup" Ensure Safe Operation
safety emergency skills knowledge contest
Xiandai Investment is committed to creating a safe, harmonious and e?cient environment for expressway tra?c,
In September 2023, Xiandai Investment organized a safety emergency skills knowledge providing a range of rescue services for drivers and passengers. The Company has formulated a Vehicle Rescue
competition. The competition aimed to promote learning through activities, strengthen skills Standardized Management Manual, established "one station, one strategy" emergency tra?c ?ow protection plan
through learning and convert safety knowledge into wisdom and action, thus improving the and standardized rescue operation procedures. We have equipped our own vehicle rescue supervision system to
overall safety quality of the enterprise, creating a strong safety atmosphere and consolidat- ensure quick response and e?cient execution, thus improving the accuracy and e?ciency of rescue services.
ing the Company's high-quality safety foundation. Safety emergency skills
knowledge contest
and Governance Report
Improving Service Quality Intimate Financial Services
Xiandai Investment is enhancing service quality and e?ciency from multiple dimensions, strengthening employee education Xiandai Investment has been deeply cultivating the local area of Hunan, promoting the integration of production
and training and elevating the overall service level. The ultimate competition in business development lies in the competition and ?nance, optimizing deposit and loan services, providing inclusive ?nancial services, actively carrying out ?nan-
of service, we have established "cultural and tourist stations," built intelligent charging stations, and operated the ?rst "fully cial propaganda activities such as the "Five Entries" (entering rural areas, communities, campuses, enterprises and
automatic car wash" service area within Hunan province's expressway service area, enriching our service experience. business districts), establishing a long-term mechanism for deposit insurance promotion, continuously improving
customer ?nancial service experience and convenience, enhancing business processing e?ciency, and serving the
real economy well.
Highlights in 2023 Financial Services
Yueyang Baling RCB Dayou Futures
Successful creation of ?ve-star and four-star outlets
Play the role of ?nancial services to ensure that the county's arable land can be Launch of the Dalian Commodity
cultivated in suitable weather smoothly Exchange "2 + 1" pilot project
"Automatic car washing" service of Intelligent charging station on Zhaoshan Match ?nancial products accurately with customers' needs and deepen the system of "Five
Zhaoshan Service Area Service Area complete"(overall layout, comprehensive visits, full marketing, full supervision and quality improvement)
Scientific Maintenance Xiandai Investment adheres to putting the protection of investors' legitimate rights and interests in a primary position in
?nancial services. we have established systems such as the Investor Suitability Management System and the Accountabili-
The Company strictly implements special maintenance projects, enforces daily maintenance and inspection systems, ty Measures for Investor Suitability Management, guiding investors to develop correct and rational investment concepts.
adheres to preventive and re?ned maintenance, scienti?cally carries out maintenance management work and We combine regional characteristics and Company business characteristics, using an "online + o?ine" approach to carry
conducts seasonal maintenance in a planned manner, comprehensively improving the technical condition of the out targeted investor education, ?nancial knowledge, ?nancial policy and service promotion activities for di?erent
expressways and the level of expressway maintenance. According to the 2023 road condition inspection report, the groups, creating a multi-form, multi-channel and three-dimensional publicity atmosphere.
average Highway Maintenance Quality Indicator (MQI) for Xuhuai Expressway is 96.22 and for Huaizhi Expressway is
Optimizing the Service Environment ACTIVITIES people VIDEOS
The Company pays attention to the cleanliness and aesthetics of the service environment. We conduct special recti?ca- 112 ?nancial knowledge, investor education, and investor protection activities 105 original promotional videos
tion for non-expressway signs, illegal constructions and bridge spaces, inspecting each bridge and culvert along the were conducted, covering 18,164 people and works were released online
entire route and establishing a ledger for illegal constructions and accumulation. We comprehensively improve the
public toilet facilities and overall environment in various service areas of the expressway, continuously enhancing the The important initiatives for financial knowledge promotion in 2023
public service level of the expressway.
Organize "3.15 Consumer Rights Day" Organize "Prevent telecommunications fraud, popularize ?nancial knowledge" theme
publicity activities publicity activities
Huaihua Branch vigorously promotes the "toilet revolution"
Due to the long construction time, the facilities at the Changzhi Expressway Xuhuai Branch Service Area are Carry out the "Financial Knowledge into Campus" activities at Hunan University, Hunan University of Science and Technology,
old and outdated, with many blockages in the underground buried pipeline and a strong odor. In addition, The Secondary Vocational School of Yueyang County in Hunan Province, Lotus Pond Primary School and Changling Middle
the service area is short of water. The Huaihua Branch is fully promoting the "Three Guarantees and Three School in Yueyang Economic Development Zone
Improvements" special action and actively responding to the public's demands. After multiple negotiations
and communications, they have found suitable water sources in the villages along the route. In the end, the Establish the "Awareness" investment education service brand, "Awareness Forum" wealth management forum, "Awareness
Huaihua Branch spent more than CNY9 million to complete the "toilet revolution" project and the new Campus Tour" and other o?ine investment education activities
water source access project at the Chenxi and Zhongfang Service Areas in addition to the overall transfor-
mation of the service area's greening, external wall decoration, cleaning and hot water bathing, providing The renovated public toilet in the Concentrat promotion of integrity and credit information through various forms such as radio, news, special topics, micro-?lms,
the public with a completely new and comfortable, clean and hygienic sanitary environment. service area of Xuhuai Expressway new media, etc.
The Dayou Futures Investment
Education Base was once again
recognized by Securities Association
of Hunan Province as the "Outstand-
ing Investor Education Base in
Hunan in 2022," and also received
the annual award for "investor
education + service to agriculture,
Special recti?cation operation under the bridge, a total of 1 demolition of rural areas, and farmers".
Demolition of illegal roadside structures
illegal buildings, cleaning debris and construction waste 2 tons
and Governance Report
Disposal of Kitchen Waste
Seriously Industry Operation
Modern Environment has developed a set of decentralized kitchen waste integrated treatment equipment, which uses
high-temperature aerobic fermentation technology and adds high-temperature composite advantageous strains to
Xiandai Investment fully utilizes the resources of road assets in Hunan Province, focusing on environmental protection, new quickly produce soil conditioners, transforming organic waste into organic fertilizer substrates rich in bene?cial bacteria
energy, road derivative industries and actively carrying out diversi?ed industrial investments, providing customers with and organic matter. At the same time, relying on "the Internet" "big data" "the Internet of things" and other technolo-
comprehensive services such as professional contracting for environmental protection projects, waste incineration power gies, and integrating cloud platform management, the equipment is connected to the cloud platform via the Internet of
generation, photovoltaic power new energy business and road asset management, creating an industry service brand. things, allowing for remote data collection and real-time monitoring of equipment operation. The project has complet-
ed the acceptance of environmental protection research projects in Hunan Province.
Tailings Treatment
million
kWh ton ton Taking advantage of the expressway construction project, Modern Environment fully investigates the available tailings
The biomass cogeneration project and waste incineration power generation project have a total annual power generation of 93.699 million and waste slag such as waste rock, gangue and steel slag around the construction sites, explores the utilization of
kWh, which can save 20,500 tons of standard coal and reduce carbon emissions by approximately 70,000 tons. tailings and waste slag for expressway subgrade, pavement, and supporting projects.
Modern Environment undertook the second-phase pollution control project of
Hongtai Manganese Slag Repository in Guzhang County
ton ton ton
In May 2023, Modern Environment undertook the second-phase pollution control project of Hongtai
The total amount of hazardous and solid waste disposal is 18,883.11 tons (including 14,623.34 tons of hazardous waste and 4,259.77 tons of medical waste).
Manganese Slag Repository in Guzhang County. This is the corrective project for the second round of
feedback on the Central Ecological and Environmental Protection Inspection in 2021, the "Dongting
By the end of the reporting period
Qingbo" supervised and recti?ed project of the Discipline Inspection Commission of Hunan Province
Commission, and a project that must be recti?ed and delisted in the supervision "Sword Action" for
million ecological and environmental protection in Hunan Province. The project has a tight schedule, a large
The construction site of the
mw KWh
second-phase pollution control
amount of governance engineering and great construction di?culties. Modern Environment has
project of Hongtai Manganese Slag developed an engineering governance plan and held several special meetings to study the remedia-
The Company has constructed 7 photovoltaic power stations and 1 energy storage power station, with a total installed capacity of Repository in Guzhang County tion issues of the repository, successfully achieving the on-time delisting target for the 2023 manga-
Photovoltaic Energy Construction
million Xiandai Investment revolves around the expressway network in Hunan Province, implementing new energy businesses
KWh ton ton
mainly with photovoltaic power generation, energy storage, charging piles and battery swap stations, utilizing innova-
tive technologies such as photovoltaic smart sensors and BIPV to enhance the expressway service capabilities. Modern
It can provide 3.49 million kWh of clean electric energy annually, save approximately 1,396 tons of standard coal, reduce CO2 emissions
New Energy conducts standardized feasibility studies, standardized design and standardized construction research
by about 1,658 tons, and have an equivalent e?ect of planting 2,265 trees.
based on the characteristics of "small and decentralized" new energy projects. It also combines load characteristics,
peak-valley electricity price periods and basic electricity price analysis to study the optimal control strategies.
Domestic Waste Incineration for Power Generation The Main Photovoltaic Power Stations Under Operation and Construction of Xiandai Investment
Modern Environment adopts a mechanized grate furnace, where household waste undergoes "3T+E" clean and stable Changsha Branch O?ce PV Power Station "Green Source Expressway" Demonstration Power Station
incineration in the mechanical grate furnace, with the waste heat being recycled. The steam produced drives the turbine Huaihua Branch O?ce PV Power Station The ?rst expressway operation o?ce PV power station in Hunan Province
generator set for power generation, and the incineration emissions meet the standard for discharge after puri?cation. Huitang Toll Station PV Power Station The ?rst toll station PV power station in Hunan Province
The treated wastewater meets the standard for reuse and the ?y ash is stabilized in a dedicated area for land?ll, while Xiangxiang East Service Area PV Power Station The ?rst service area PV power station in Hunan Province built PV carports and slope protection
the slag is used in the preparation of building materials, achieving safe and environmentally friendly disposal of waste.
PV power station of Department of
Demonstration sample of PV power station in Hunan Provincial Direct Organs
Transportation of Hunan Provincial
The groundbreaking ceremony was held for the household waste incineration Chishan Prison PV Power Station The ?rst PV power station in the Hunan prison management system
power generation project of Modern Environment in Huaihua
The household waste incineration power generation project is a major livelihood project in
Hunan Province and Huaihua, as well as a major infrastructure construction project in
Safeguard the Interests of Customer
Huaihua, with a total investment of CNY769 million, a construction scale of 1,200 tons per day Xiandai Investment has always adhered to putting customers at the center, with customer satisfaction as the ultimate
and an annual waste treatment capacity of 438,000 tons. On the morning of October 28, goal, making every e?ort to solve customer problems. The Company has established the Customer Service Telephone
the annual power generation is expected to be about 210 million kWh, with an annual nels, and implemented customer service telephone transfer handling, responding to each case, each handling unit
grid-connected power generation of 180 million kWh and an expected annual savings of
accurately records the basic situation, processing results and processing basis, providing feedback to the monitoring
waste.
and auditing center within 24 hours, ensuring that customer complaints are handled and resolved promptly.
The groundbreaking ceremony
The Department of Transportation of Hunan Province has been randomly distribut-
Customer service communication ing survey questionnaires to passengers for many years, understanding the
channels of Xiandai Investment
satisfaction of drivers and passengers with service area facilities, service quality,
Biomass Combined Heat and Power Generation service attitude, and other aspects from six aspects: squares, catering, supermar-
Modern Environment uses crop straw as fuel in a circulating ?uidized bed straw boiler and recovers the heat generated by kets, guest rooms, auto repair, and gas stations. In two undercover inspections
incineration to produce steam, which can be used for both power generation and heating. The incineration produces ?ue gas conducted in 2023, the Company ranked second and ?rst in the assessment of the
operating management entity in the service area, while Zhaoshan Service Area
that meets emission standards after puri?cation, and the furnace slag and ?y ash can be comprehensively utilized. Ministry of Transport services ranked in the top ten with excellent scores above 950. The feedback from undercov-
supervision hotline
er inspections has provided strong support for us to further improve our services.
and Governance Report
Low Carbon Development
Construct a green Xiandai
Strengthen Environmental
Management
Environmental Management System 37
Environmental Incident Emergency 37
Address Climate Change
Identify Climate Risks 38
Climate Risk Management 39
Greenhouse Gas Emission 40
Create Green Operations
Active Environmental Action 41
Resource and Energy Management 43
Emissions Management 44
Protect Biodiversity 46
Aligning with the United Nations Sustainable Development Goals (SDGs)
Xiandai Investment is committed to realizing the responsibility and mission of "creating and enjoying a beautiful road
and practicing green development". The Company actively responds to the national carbon peak and carbon neutrality
goal and integrates environmental protection concepts into the Company's operations. We pay great attention to climate
change and our impact, advocate a green, low-carbon and environmentally friendly lifestyle, and strive to achieve an
organic combination of economic bene?ts and environmental responsibility.
and Governance Report
Strengthen Environmental Management Address Climate Change
Xiandai Investment strictly complies with relevant laws and regulations, such as the Environmental Protection Law of the People’s Repub- Climate change is a global challenge in the 21st century. Xiandai Investment actively responds to the "Dual Carbon
lic of China and the Law of the People's Republic of China on the Environmental Impact Assessment. We have issued environmental Strategy" and, based on the TCFD framework and recommendations, identi?es physical risks and transformation risks
management system documents, have formulated the Environmental Protection Management System and the Environmental Protection that may potentially a?ect the Company's assets through three steps: risk and opportunity identi?cation, risk and
Management Measures for Construction Projects, and strictly implemented the "Three Simultaneities" ( Environmental protection opportunity measurement, and risk and opportunity supervision and response, ranking and management, and
supporting equipment and the main project be designed, constructed and put into use at the same time). We stipulates a sound discloses the Company's policies and actions in addressing climate risks and seizing climate opportunities to help
environmental protection management system should be established and improved. During the reporting period, Xiandai Investment achieve the climate change goal of controlling global temperature increase within 2°C by the end of this century.
had no major environmental pollution accidents.
Climate Change Risk and Opportunity Identification Process
Environmental Management System Risk and opportunity Risk and opportunity Risk and Opportunity
Xiandai Investment implements a project supervision system during the construction period. The project implementation unit entrusts identi?cation measurement Supervision and Response
professional supervision units with corresponding quali?cations in accordance with relevant national regulations to coordinate and
?In accordance with the TCFD climate ?Identi?ed the impact that climate
supervise the environmental protection behavior of the entire project process, and supervise and guide the construction project to risk disclosure framework, identify the change may have on our business
impact that climate change may have on segments at di?erent time scales,
carry out environmental monitoring, environmental acceptance, etc., ensuring safe production and civilized construction. In addition,
our business sectors at di?erent time including short-term (0 to 3 years),
Modern Environmental also implements an environmental protection job responsibility system, establishes an environmental protec- scales such as the short, medium and medium- to long-term (4 to 9 years), and
long term. long-term (10 years and above). Assess climate change risks and
tion work leading group, clari?es environmental protection management responsibilities step by step, speci?cally implements various opportunities and take response
work arrangements for environmental protection management, and conducts inspections and assessments of the environmental ?Conduct industry-level risk reviews ?Using a qualitative assessment measures.
based on public materials and industry method, the identi?ed risks are sorted
protection management work of each unit through regular organizations, evaluation to ensure that the Company's environmental analysis, and list common industry risks into "low", "medium" and "high" impact
conditions comply with relevant policy requirements. by reviewing materials released by intensity based on the likelihood, impact,
peers, industry reviews, media reports, adaptability and resilience of the event.
and expert communications.
Personnel Structure of the Environmental Protection Work Leading group
Team leader General Manager of the Company
Executive deputy leader Deputy general manager in charge of engineering construction
Deputy head
Identify Climate Risks
Other deputy general managers of the Company
Team members Heads of relevant business departments of the Company and personnel of relevant departments Xiandai Investment's physical risk assessment covers seven climate indicators including extreme high temperature,
extreme low temperature, earthquakes, ?oods, typhoons, landslides, and extreme weather. Currently, the climate-re-
Engineering Project Environmental Protection Management lated transformation risks faced by companies mainly come from policy, supervision, law, technology, market and other
aspects.
Prior Control Control during Events Ex Post Control
?Timely handle various environmental
Climate Risk Identification Matrix
protection administrative approval ·Carry out environmental supervision ?Complete completed environmental
·Evaluation of important environmental factors protection acceptance procedures in a Risk Time
procedures
and major pollution sources
Risk Climate classi?- Risk example description dimen- Busi ness-rel In?u-
?Sort out pollution sources and timely manner
type risk factors cation sion ated sectors ence
strength
environmental risk points, and identify ·Reasonable disposal of pollutants
major environmental risks ·Carry out environmental monitoring work in a ?Before the debugging of environmental
timely manner according to the operating protection facilities is completed, the During a heat wave, employees may be unable to work due to heat exhaustion, heat stroke or
Extreme Acute Medium
?Clear environmental protection other health conditions caused by the extreme heat, resulting in higher operating costs. Whole
management requirements for procedures project shall not be put into use, etc. high operation- Equipment and facilities may be overheating, resulting in a shortened service life. The two
term and
Company High
·Carry out regular environmental inspections, etc. temperature al risk Long term
construction units, etc. situations could result in income loss.
Acute Due to the Company's geographical location in the subtropics, the risk of extreme cold
Extreme low Whole
operational temperatures is low. Short term Low
Environmental Incident Emergency temperature
risk Company
Acute Since the Company is not located in an earthquake-prone area, the earthquake risk it faces is
Earthquakes operational Whole Low
Xiandai Investment has formulated an Emergency Plan for Environmental Incidents, conduct regular environmental emergency training, low. Long term
Company
risk
and establish a complete environmental monitoring system to minimize the impact on society and the ecological environment when
environmental incidents occur, and ensure that emergency response can be quickly and e?ectively addressed to meet various environ- Physi- Acute Flooding can cause equipment damage. It will bring certain safety and health risks to Short term,
employees and cause secondary disasters such as landslides. The Company is located in a Medium
mental challenges. cal Floods operational
geographical location with high terrain on all sides and low terrain in the middle, so it faces a term and
Whole High
risk Company
risks higher risk of ?ooding. Long term
Road industry firefighting jointly fights slope fire Acute Short term,
Since the geographical location of the Company's business is not in typhoon-prone areas, it is Medium Whole
Typhoons operational Low
On April 3, 2023, a ?re accident occurred at K324 on the west-to-east Xuhuai Express- risk
exposed to low typhoon risk. term and Company
Long term
way due to tomb sweeping and worship. The Huaihua Road Maintenance and Safety
Acute Landslides may cause road interruption or damage, or incur mechanical damage repair Short term,
Management O?ce quickly rushed to the scene after receiving the order and turned expenses. Since the Company's business is road management and our geographical location is Medium Whole
Landslides operational High
term and Company
on the vehicle alarm and placed safety warnings. The ?re was successfully risk prone to landslides, it faces a higher risk of landslides.
Long term
extinguished within half an hour by setting signs, opening isolation fences, and
assisting ?re?ghters to control the ?re. They also cooperated with ?re?ghters to water Extreme weather such as heavy rain, snow, heavy fog, and strong winds will cause expressway Short term,
Acute Medium
and cool down the nearby weeds and trees to prevent re-ignition. The ?re was discov- Extreme
operational
driving safety risks, cause di?culties in tra?c management or troubleshooting and rescue, and
term and
Whole
High
weather reduce the quality of expressway services. Thunderstorms may easily cause secondary disasters Company
ered in a timely manner and the handling measures were e?ective and appropriate, risk
Workers are Extinguishing the Fire such as explosions and ?res. Therefore, the risks faced are higher. Long term
e?ectively protecting the road property and the driving safety of passing vehicles.
and Governance Report
Climate Risk Identification Matrix Greenhouse Gas Emission
Risk Risk Time In?u-
Climate Busi ness-rel ence
type risk factors
classi?- Risk example description dimen-
ated sectors strength The greenhouse gas emissions of Xiandai Investment mainly stem from the consumption of electricity, gasoline, diesel,
cation sion
and other fossil fuels. Speci?cally, the consumption of lique?ed petroleum gas, natural gas, coal, biomass fuel, and fuel
Energy Acute Medium
Whole
pressure operational Since the Company's business is related to land transportation, it faces high pressure. term and
Company
High oil falls under Scope 1 greenhouse gas emissions, i.e., direct greenhouse gas emissions. Purchased electricity, on the
risk Long term
Water Chronic
other hand, is categorized as Scope 2 greenhouse gas emissions, i.e., indirect greenhouse gas emissions. Greenhouse
As the Company's operations are located in areas with less water resources pressure, the risk Whole
resources operational
of water shortages is low.
Short term
Company
Low gas emissions data are presented in terms of carbon dioxide equivalents.
pressure risk
New policy for
low-carbon
economy
Market and
technology
With committing to the "Dual Carbon" goal, the government has introduced new policies to
support low-carbon transition, high-emission economic activities will be under pressure, Long term
Whole High
In 2023, relevant data on greenhouse gas emissions of Xiandai Investment
Company
Tran- transforma- risks thereby increasing the research and development costs of green operations.
si- tion
tional Energy Market and the government continues to promote green transportation, it has introduced more stringent Liquefied
Whole
Natural gas
Risks transforma- technology emission reduction policies, the Company needs lower-emission green energy to replace existing Long term Medium
petroleum gas
tion policy risks Company
high-emission energy, thus increasing the cost of transforming to lower-emission technologies.
Fluctuation of Market and Short term,
Because of more rigorous government policies on carbon emissions, the cash ?ow of the Medium Whole High
carbon reputation
market price risks Company may be a?ected by the ?uctuation of carbon market price. term and Company Cubic
Long term
meter Kg
Operational The mandatory climate-related ?nancial information disclosure by regulatory authorities and the
Information Long term Whole Low
and reputation lack of historical data and accurate accounting methods a?ect disclosure quality. Insu?cient
disclosure Company
risks information disclosure may prevent investors from properly understanding the Company.
Improvement of
environmental Market and As the government has introduced more rigorous environmental protection policies, the Company Whole
technology needs to improve environmental service standards, and may increase new investment in energy Long term High
Company
protection
risks conservation and environmental protection improvement. Coal Biomass fuel Gasoline (95#)
standards
Climate Risk Management
Ton Liter Liter
Xiandai Investment develops reasonable response strategies for the identi?ed climate risks, takes measures to
mitigate, transfer or control risks, and takes practical actions to respond to risks and seize opportunities from multi-
ple perspectives such as system establishment, risk prevention and control drills, and industrial development.
Gasoline (92#) Diesel
Climate change response
Develop the Freezing Weather Severe Weather Emergency Plan, Flood Control Management System, Slope Water Damage On-site Disposal Plan and other
systems
Formulate severe weather emergency response to ensure smooth ?ow and slope emergency rescue drill plans during ?ood season and conduct
Extreme drills as planned, and strengthen inspections and hidden danger inspection and recti?cation during ?ood season Liter Liter
weather
Strengthen meteorological monitoring Develop level defense responses, predict weather changes, and deploy equipment,
response and early warning supplies, personnel arrangements, etc. in advance
Release weather changes in a timely Install lightning rods and grounding devices on the factory building to prevent
manner lightning strikes
Total greenhouse Total greenhouse
Adjust the energy use structure, control the use of fossil fuels, and increase the proportion of clean renewable energy such as solar energy
Policy risk
response Encourage employees to travel and work
gas emissions gas emissions
greenly
Construct or use environmentally friendly and energy-saving equipment
(Scope 1) (Scope 2)
Information Disclosure of environmental-related
Follow policy and system guidance requirements
disclosure performance Tons of carbon Tons of carbon
dioxide dioxide
equivalent equivalent
Changsha Branch adopts the "four in place" model to active- In December 2023, the Changsha Branch
responded to extreme weather risks
ly prepare for low-temperature rain and snow weather through the "four in place" model based on
weather warnings. Total greenhouse
Deployment in place
gas emissions Purchased electricity
At the low-temperature rain and snow weather work arrangement meeting, all aspects of work
such as personnel arrangements, material reserves, duty requirements, civilized services, and
Prepare
information submission will be fully deployed. Tons of carbon
snow
melting dioxide kilowatt
Measures in place agent
Establish a leading group to deal with low-temperature rain and snow weather, and establish a equivalent hour
joint logistics working mechanism with the expressway tra?c police, security department, and
maintenance department.
Investigation in place Note: Gasoline and diesel are usage data of Company-owned vehicles or equipment. The electricity emission factor
Conduct a comprehensive investigation of key locations and reinforce facilities and equipment. Inspec-
tion of used is taken from the national power grid average emission factor in the Corporate Greenhouse Gas Emission Account-
Services in place
key ing Methods and Reporting Guide issued by the Ministry of Ecology and Environment in 2022. The calori?c value emission
parts
A convenience service desk is set up to provide convenient travel route consultation, brown coe?cients of gasoline and diesel are derived from the Guidelines for Reporting on Environmental Key Performance
sugar ginger tea, epidemic prevention supplies, and maintenance tools. Indicators issued by the Hong Kong Stock Exchange.
and Governance Report
Create Green Operations Green Maintenance
Xiandai Investment selects green and environmentally friendly solutions, technologies, and materials in daily road
Enterprise "green operation" is a choice that conforms to the global trend. Xiandai Invest- management. In road maintenance projects, we follows the principles of symptomatic treatment, economic feasibility,
ment actively coordinates and controls the impact of resource use and energy consumption recycling, and easy organization of construction, selects green and environmentally friendly maintenance technolo-
on the environment by optimizing energy management, reducing waste generation, and million
CNY gies, and takes a series of measures during maintenance to reduce the impact of these projects on the environment.
actively investing in green projects. In accordance with the principles of "Priority to protec- During the reporting period,
tion, prevention as the main approach, comprehensive management, public participation, the Company's investment
Utilizing 259 pieces of waste anti-glare boards, Replanting green plants in central divider
accountability for damages", we carry out environmental protection work and promote the in environmental protection
totaled CNY252.7 million. saving
savingCNY10,550
CNY10,550inincosts
costs
Company in developing a more sustainable and environmentally friendly direction.
Active Environmental Action
Xiandai Investment combines the Company's industry characteristics to carry out
various environmental protection actions in multiple dimensions. We create a
green o?ce environment, support environmentally innovative enterprises, carry
out various environmental protection information technology training, and
through all-round environmental protection promotion, enhance communica-
tion and exchanges between the Company and the outside world, guide "World Environment Day" and environmental
protection facilities open to the publiac
employees and the public to pay attention to environmental issues, and jointly publicity activities
participate in environmental protection causes. Environmental protection measures during the construction
Green Office phase of maintenance projects
Xiandai Investment has implemented a series of relevant measures to reduce the
o?ce carbon footprint, and issued the Proposal on Environmental Protection,
Energy Saving, Cost Reduction and Ef?ciency Increase to minimize the generation,
Wastewater Solid waste Noise
emission of pollutants in the o?ce process, reasonably reduce o?ce energy
Project sewage is prohibited from being Milling old asphalt mixture Control the operating hours
consumption, and integrate green concepts integrate into o?ce details and
Dayou Futures tree planting activity discharged at will, and must be treated in a ensures 100% recycling and of construction machinery
contribute to environmental protection.
centralized manner in a timely manner and timely utilization in mainte- and try not to carry out
discharged in compliance with standards, or nance of low-grade roads construction at night to
The Company’s green office initiatives include
diverted to nearby sewage channels; along the route. In 2023, the reduce the impact of noise on
Company recycled a total of residents' lives.
Reduce resource Reduce travel 10,092 cubic meters of old
Save office supplies consumption energy consumption asphalt mixture from milling;
Promote online working and advocate video Domestic sewage from on-site construction
Promote double-sided printing, make Try to use energy-saving appliances, keep the air
full use of OA systems and software conditioner at a suitable temperature, make full use conferencing. workers shall be treated in a centralized
tools, and reduce paper consumption. of natural light sources, and turn o? lights and Promote green travel, encourage the use of clean
manner, and it is strictly prohibited to
Reduce the use of disposable items electricity at will. energy vehicles, and reduce vehicle and fuel
consumption for people traveling back and forth. discharge it directly into water bodies without
and give priority to energy-saving Save water and avoid long water ?ow.
Strictly use o?cial vehicles in accordance with the treatment; Clean up all waste and garbage
o?ce supplies.
It is recommended to bring your own regulations, strictly implement the system of in a timely manner and process
water cup to meetings to reduce the Promote environ- sealing and suspending o?cial vehicles during them centrally.
consumption of bottled water and mental awareness holidays, and strictly manage the fuel consump-
disposable paper cups. tion of o?cial vehicles. Carry out civilized construction, clean up the
It is recommended to use fountain Carry out various environmental protection training site and remove pollutants in a timely manner,
pens or ballpoint pens with and publicity activities such as tree planting,
replaceable re?lls to reduce o?ce pen garbage cleaning, and vegetable garden planting.
Stop food waste and do not leave any dirt or debris behind or
consumption. Convey environmental protection concepts through We will continue to carry out the "clear the plate" pollute water sources;
electronic screens, WeChat platforms, posters, campaign to promote civilized dining and resolutely
slogans and other forms of publicity. stop food waste.
Green Investment During the construction process, pay
attention to checking construction machinery
Xiandai Investment focuses on credit extension in the ?elds and tools to prevent oil dripping and
of clean energy, green technology, energy-saving and leakage, and reduce pollution to land and
environmental protection technology, accelerates the water sources along the line.
development of photovoltaic energy construction, assists
the green transformation of rural economy, and supports
the development of green economy. Yueyang Baling RCB issued a loan of CNY19.4 million to enterprises
to support the research and development and production of
technical equipment for "harmless treatment of dead animals"
and Governance Report
Emissions Management
Resource and Energy Management
Xiandai Investment strictly abides by the Law of the People's Republic of China on Prevention and Control of Water Pollution,
Xiandai Investment abides by the Energy Conservation Law of the People's Republic of China and the Cleaner Production the Law of the People's Republic of China on the Prevention and Control of Atmospheric Pollution, the Law of the People's
Promotion Law of the People's Republic of China, and other laws and regulations. The Company promotes water conser- Republic of China on the Prevention and Control of Environmental Noise Pollution, the Law of the People's Republic of China
vation measures, actively uses clean energy, increases investment in environmental protection, and strives to save on the Prevention and Control of Solid Waste Pollution and other relevant laws and regulations, and controls waste water,
energy, reduce consumption, cut costs, increase e?ciency, and re?ne our e?orts in management. exhaust gas, noise, solid waste and other pollutant prevention and control measures from the source to ensure the
normal operation of environmental protection facilities and the stable and up-to-standard discharge of pollutants. It
Conserve Water also sets up automatic monitoring systems to control the adverse impact of the operation process on the environment
Xiandai Investment adheres to the production philosophy of saving water and in real time.
protecting the environment, actively promotes advanced water-saving technologies Wastewater Management
and equipment, strives to advocate and practice water-saving actions, enhances the
The wastewater involved in Xiandai Investment mainly consists of domestic and industrial wastewater. We standardize
water-saving awareness of all employees, and creates a resource-saving enterprise.
the construction of emergency accident pools and set up discharge outlets. Various types of sewage are collected and
The Company's water comes from the local municipal water supply system or well
sent to self-contained sewage treatment plants or intelligent integrated sewage treatment equipment for processing.
water, and there is no problem in obtaining suitable water sources. During the
Tunnels use self-cleaning paint to After treatment, the wastewater is reused or discharged into the municipal sewage network in a reasonable manner.
reporting period, Xiandai Investment's fresh water consumption was 597,447 tons.
reduce clean water use Our measures for wastewater reuse include: treated leachate for reuse, concentrated liquid for ?y ash chelation, leach-
ate from solid hazardous waste land?ll and initially treated rainwater fully reused in the plant area, ensuring complete
Energy Saving wastewater reuse and no discharge.
Xiandai Investment strictly implements the energy conservation system, controls energy consumption indicators through the
The Zhaoshan Service Area sewage treatment plant
implementation of various measures, and integrates energy conservation elements into daily production and operations.
Our energy saving and consumption reduction measures
measures:
Carry out publicity and mobilization on energy Use clean energy: Integrate employee dormitories to
conservation and consumption reduction lay out photovoltaic panels in available areas ensure full occupancy
Adjustment of Formulate regulations for the Renovation of old and high-energy-consuming facilities and equipment:overhaul-
electricity usage period collection of various consumables ing and rebuilding dust collectors and optimizing dust collector ?ue gas systems
Use high-e?ciency thermal energy: heating in some factory areas has been Standardize equipment maintenance to ensure
changed from coal-?red boilers to electric heating, etc. equipment is in good condition
Adjust the illumination according to the environment: Actively control the tunnel Reducing Ventilation
fan system and adjust the fan operation period to the low period, reducing Lighting Equipment
lighting power consumption by 35% and ventilation equipment power Power Power
consumption by 15% Consumption Consump-
% Reducing % tion
Strengthen the Integration of "Transportation + New Energy"
Based on the characteristics of abundant lighting resources and diverse energy usage scenarios in road areas, Xiandai
Investment invests in and operates distributed photovoltaic energy project construction in areas such as roofs, carports,
idle land, and tunnel entrances and exits, as well as in areas such as zoning, interconnection, slopes, and slope protec-
tion. In photovoltaic deployment projects, slope spiral pipe piles and photovoltaic self-cleaning technology are used to
simulate typical application scenarios such as expressway slopes to carry out construction, signi?cantly reducing the
ton/day ton cny/year
amount of land leveling and excavation work and water consumption during the construction process.
A medium-sized sewage treatment plant, has a daily designed treatment capacity of 240 tons/day. The annual
Changsha Branch Regional Photovoltaic Project Phase I was Huitang Toll Station
reuse volume reaches 90,000 tons, resulting in a water fee savings of CNY347,000 per year.
successfully connected to the grid to generate electricity Photovoltaic Power Station
In 2023, the Changsha Branch's regional photovoltaic project phase I successfully completed Waste Gas Management
construction and grid connection tasks. This project serves as a high-speed photovoltaic demonstra-
The waste gas generated by Xiandai Investments mainly originates from the waste incinerator of our subsidiary,
tion application project in Hunan, with a total installed capacity of 953kWp. During the operatinal
Modern Environment. For waste gas prevention and control, we ensure full-process control, from waste entry, storage,
period of the project, the average annual power generation is about 795,700 kilowatt-hours, which is
and treatment to ensure that the odor concentration at the factory boundary meets the secondary standard require-
equivalent to saving approximately 258.57 tons of standard coal every year, reducing carbon dioxide
ments of the Emission Standards for Odor Pollutants (GB14554-93). An air curtain is installed at the entrance and exit of
(CO2) emissions by about 677 tons, sulfur dioxide (SO2) emissions by about 2.20 tons, and nitrogen
the unloading hall, ensuring that the garbage unloading door remains closed at all times. The garbage storage pit
oxide emissions (NOx) is about 1.91 tons. Furthermore, dust emissions are reduced by about 216.4
adopts a slightly negative pressure suction design (the air is extracted from the inside of the workshop through exhaust
tons. The project thus demonstrates signi?cant energy-saving, environmental, and social bene?ts.
mechanical equipment, so that the air pressure in the workshop is lower than the external environment, preventing
Di?usion of pollutants), the exhaust gas is collected into the combustion system for treatment. The waste treatment
adopts the combined process of "SNCR furnace denitri?cation + semi-dry deacidi?cation + dry injection + activated
kWp kWh ton ton ton carbon adsorption + bag dust removal". After reaching the standard, it will be discharged from the 80-meter
double-cylinder chimney.
and Governance Report
Solid Waste Management
Xiandai Investment's solid waste mainly includes domestic waste, general industrial waste and hazardous waste. We Protect Biodiversity
adhere to the principle of "harmlessness, reduction and resource utilization" in solid waste management to minimize
the generation of solid waste.
Biodiversity is the foundation for human survival and devel-
opment. Xiandai Investment strictly abides by the Wildlife
Regularly handed over to the environmental sanitation
Domestic waste department for removal and disposal Protection Law of the People's Republic of China, proactively
carries out biodiversity protection work, formulates a clean-
External sales for comprehensive utilization as building
up plan for the invasive alien species - the Canada Golden-
Incineration residue materials rod, actively promotes the concept of "ecological prosperity
General industrial
waste leads to civilization prosperity", and uses practical actions to
Other general industrial waste Land?ll or incineration after preliminary treatment
help achieve the vision of jointly building a community of life
on earth and a clean and beautiful world.
Actively promote the concept of "biodiversity conservation"
Classi?ed management, safe storage, and the uni?ed
Hazardous Waste delivery of hazardous waste to quali?ed disposal
companies to ensure proper disposal
Ecological slope protection helps to preserve the biodiversity of plant communities
Zhaoshan service area food waste treatment station
Xiandai Investment adopts a combination of ecological slope protection and civil engineering slope protection in slope protection projects.
We use renewable materials, and give priority to plant species that adapt to the local climate and soil. Through adhesion between plant
rhizomes and nutrient soil and intertwining of rhizomes, the ability to strengthen slopes and slope surfaces against washing is achieved,
which not only restores and protects the local natural ecosystem, but also e?ectively conserves the biodiversity of plant communities.
Ecological slope protection in front of Guanyin Stone Tunnel
The food waste decomposition rate
is close to 80%
Noise Management
The primary sources of noise in Xiandai Investment are equipment operation and tra?c vehicles. To address high-noise
equipment, we implement e?ective measures to reduce noise and vibration, ensuring that the noise levels at the factory
boundary meet the standard. To mitigate noise pollution from tra?c vehicles, we adopt low-noise road surfaces with
anti-slip features, which help reduce air and vibration-related noises. Additionally, we install sound barriers along the
roadsides to further reduce noise pollution.
Installing sound barriers to reduce vehicle noise pollution on the Beijing-Zhuhai Expressway
On November 14, 2023, the sound barrier project of the 2023 annual maintenance
project of Changtan Expressway completed the project on-site acceptance. The
total length of the project is 228 meters, all of which is subgrade sections. The
project team overcame di?culties such as the steep slope of the slope, limited
construction work surface, and cable displacement, and successfully installed all
upright ECPs with a height of 3 meters and a unit length of 4 meters, serving as
sound barrier panels. The construction quality and management e?ects of the
project were unanimously recognized by the owners, local governments and
Site picture after sound barrier
residents, and the local government issued a banner of thanks to the owner.
installation
and Governance Report
People Oriented
Build a Blessed Xiandai
Protect Employees' Rights
and Interests
Diverse and Compliant Employment 49
Fair Pay and Bene?ts 50
Democratic Management Communication 51
Stimulate Talent Vitality
Equal Talent Promotion 51
Diverse Capability Enhancement 52
Care about the Needs of
Employees
Help Employees in Need 53
Create Sunny Life 53
Xiandai Investment has always adhered to the "people-oriented" development concept, and paid attention to the
comprehensive growth of employees while ensuring the rights and interests of employees. With the goal of "intensive
management, professional training and market-oriented salary", we support the human resource system oriented by
Aligning with the United Nations Sustainable Development Goals (SDGs)
"value creation", provide hardware and software support for the training of professional talents, reserve talents for
intensive management, and establish a market-oriented performance salary distribution system with the core structure
of "job classi?cation and quantitative" and "compulsory ranking and outstanding contribution". We will comprehensively
promote e?ective management.
and Governance Report
Protect Employees' Rights and Interests Fair Pay and Benefits
Xiandai Investment establishes and improves a salary system that is compatible with the modern enterprise system,
Xiandai Investment strictly abides by the Labor Law of the People's Republic of China, the Labor Contract Law of the People's continues to revise the Salary Management System, implements a market-oriented, di?erentiated, and professional
Republic of China, the Social Insurance Law of the People's Republic of China and other relevant laws and regulations. We have salary, establishes a salary system corresponding to the position and rank, follows the principle of more work, more
deeply implemented the strategy of strengthening enterprises with talents, formulated the Measures for Labor Management ability, more responsibility, more e?ciency, and gives full play to the role of our compensation guarantee, incentive, and
and the Measures for the Management of Total Wages and other systems, and continue to focus on the reform and restructuring guidance. We ensure that employees enjoy reasonable and legal salaries and bene?ts at work, and attract and retain
of the Company, salary incentives, and talent construction. We constantly release the potential energy of enterprise develop- talents who meet the needs of the Company's development.
ment, and promote the high-quality development of the Company with high-quality talents.
We provide our employees with scienti?c
Diverse and Compliant Employment and comprehensive welfare protection measures:
Xiandai Investment attaches great importance to employee diversity and equality, ?rmly opposes any discrimination based on Mandated ·Including the basic ?ve social insurance and provident fund, statutory holidays, paid annual leave, summer allowance
education, gender, age, cultural background, religion, and other relevant factors, and strictly prohibits the use of child labor and benefits
various forms of forced labor. It also opposes any form of harassment and abuse. The Company signs labor contracts with employ-
ees in accordance with the law, pays social insurance in full, and prioritizes the reasonable demands and rights of employees. In
·Provide breakfast, lunch and evening extra meal for employees
the event of signi?cant operational changes that may have a material impact on employees, the Company provides 30 days' notice ·June 1 International Children's Day, employees with children under the age of 14 can take half a day o?
to employees and their representatives, in compliance with national and regional minimum notice periods for operational chang- Supplement ·On-boarding physical examination and annual health examination
es. welfare ·Supplementary medical insurance ·Health subsidies for female workers ·Organize a collective birthday party
·Organize condolence activities on New Year's Day, Spring Festival, Dragon Boat Festival, Mid-Autumn Festival and other
festivals, distribute condolence money or purchase holiday gifts for employees
In accordance with the relevant provisions of the Company's Employee Recruitment and Dismissal Management Measures, Xiand-
ai Investment develop talent recruitment plans in line with the Company's development needs, attracting employees from diverse
backgrounds through various channels including campus recruitment, social recruitment, and talent introduction. We innovate and
·Bene?ts that vary based on position, rank or ·Improve employees environment and set
explore e?cient recruitment methods, actively leveraging recruitment resources, and prioritizing key positions and reserve talents. Special Non-economic
performance, including job allowance, position up maternal and infant care rooms
benefit
benefits allowance, performance allowance, skills allowance welfare ·Education and training, honorary titles, etc
During the reporting period, the Company did not have any large-scale layo?s and strikes, and there was no illegal recruitment. As
of December 31, 2023, the Company has 2,673 employees (formal contract employees, excluding labor dispatch), including 11
disabled employees and 79 active veterans. The labor contract signing rate, collective contract signing rate and social insurance
coverage rate are 100%. Xiandai Investment held beauty Goddess Festival theme activities
The distribution of employees divided by gender, age, On March 6, 2023, the Company held a Beauty Goddess Festival Theme Activity at the Youyuan Camp. The activities included
educational distribution and rank is as follows barbecue, kite ?ying, outing, a game of tag, Frisbee, and various other forms of entertainment. This event successfully
stimulated the vitality of employees and strengthened communication and unity among them.
Gender 10.97%
Male Age
More than 50 years old
"Summer Cooling" relief program Maternity and infant care room
distribution
Rank
Postgraduate and above
Middle and 26.67%
senior manager Undergraduate
Worker at the Junior college or below
production line
and Governance Report
Democratic Management Communication
Diverse Capability Enhancement
Xiandai Investment is committed to establishing an open, transparent, and democratic management communication system aimed at Xiandai Investment regards talent training as a major task, continuously improving the skills and qualities of employees, and
fostering participation, communication, and cooperation of members within the organization. The Company conducts in-depth providing employees with more opportunities for growth. The Company has formulated the Training Management System
grassroots research through employee symposiums, democratic life meetings, joint construction activities, etc., encourages employees and Employee Certi?cate Management System, implemented incentives and subsidies for employees to obtain employment
to receive valuable feedback for enterprise development, and harnesses the collective wisdom to tangibly and visibly address worker certi?cates, and formulated training plans every year based on the principle of "practical e?ect, business coverage and
concerns and carry out practical measures. overall bene?t", including professional skills, teamwork and leadership training. Diversi?ed training methods of "theory +
practice" and "online + o?ine" such as internal centralized teaching, seminars and external training are adopted to build a
In 2023, the Company and our subsidiaries complete and diversi?ed training system to ensure the comprehensive improvement of employees.
Meeting of democratic life
Conducted 54
Conducted 76 meeting of
Completed 298
training
million
CNY
Employee training
investment CNY1.75 million
A total of 2,673 employees
participated in the training
hours
Training time 147,150 hours
Each employee receives
employee seminars democratic life
Training type Training objects Training form Typical case
directors, supervisors and senior ·On May 10, special training for directors, supervisors
management training; economic and senior executives on performance of duties.
Management Senior ·On October 31, senior compliance management
Times cny training management knowledge training; enterprise case sharing session.
Conducted 15 the Conducted joint construction management knowledge training; ·On December 8, the 137th independent director
employees and and invest a special fund of training of listed companies.
senior training class
workers' congress CNY78,000
Middle management
Professional and technical training, ·On August 31, Hunan Xiangjiang New District
personnel, headquar-
project application guidance training.
Comprehen- ters employees, continuing education training, ·In September, the middle management training.
sive training professional and induction training, special training, ·On October 26, construction land soil pollution
Stimulate Talent Vitality technical personnel in
on-the-job training
investigation training.
·On November 20, new employees training.
various positions
Xiandai Investment knows that "talent is the ?rst resource for enterprise reform and development", regards the employees who are ·On June 18, Huaihua Branch the second phase of
General manage- Vehicle rescue supervision system
the "one post multi-ability" training.
willing to contribute, possess the necessary skills, and demonstrate excellence as its most valuable resource. The Company advocates
Business ment positions, training, audit training, system ·On July 13, contract management system
fostering a shared growth mindset with its employees, so that those who make valuable contributions can reap the bene?ts and training publicity training.
professional and training, and other related,
·On July 28, the cost employees to improve the
honors they deserve. This approach ensures that employees and the enterprise can mutually promote each other's growth and
technical positions academic exchange meetings quality and e?ciency of the conference training.
achieve shared goals.
Xiandai Investment carried out the second phase of middle management training
Equal Talent Promotion Communication Expert teaching From September 20 to 22, 2023, Xiandai Investment successfully
and sharing held the second phase of middle management training. The training
Xiandai Investment ensures that every employee has an equal opportunity to succeed and advance in their careers through a fair and
covers knowledge of leadership, communication skills, change
transparent promotion evaluation process. The Company formulated the Post and Rank Management Measures, the Career Pathway and
management, and in-depth analysis of the latest market trends and
Rank System and other systems, implemented the concept of "talent overall planning" in the Company system, strengthened the
management cases. Through interactive exchanges and team
?exible ?ow of personnel, and established the "horizontal series-vertical ranks" ?ow mechanism. We grade employees according to
discussions, the participants shared their management experiences
their basic conditions, performance and ability requirements, managers according to their management levels, and technicians
and challenges, and the training achieved remarkable results.
according to their professional and technical quali?cations, and promote them step by step to ensure fair competition.
Employee career development dual channels The first mechanical and electrical
maintenance primary training course of Xiandai Investment was successfully completed
Mechanical and electrical
Vertical promotion Promotion of employees through the ranks within the same sequence On June 19, 2023, the Company successfully concluded our ?rst beginner-level
maintenance training
mechanical and electrical maintenance training course at the Jinfeng Training
Center. From June 6 to June 19, 12 employees selected from maintenance,
Horizontal Horizontal sequence includes: management sequence, technical
charging, auditing, and other departments participated in the 14-day program.
cross-sequence sequence, operational sequence and non-leadership sequence.
Employees follow their own wishes and combine their own character- Through a combination of classroom instruction and hands-on experience, the
post transition
istics to switch positions across sequence employees' theoretical knowledge and practical skills were further enhanced.
and Governance Report
Care about the Needs of Employees
Xiandai Investment strives to create a positive working atmosphere and actively build a working environment of
care and common development. We maintain a balance between employees' life and work, provide timely assis-
tance to employees in need, provide a variety of support to employees in need, and enhance team cohesion and
sense of belonging.
Help Employees in Need
Canteen question- Modern Environment employees participated in the 15th Yueyang Baling RCB friendly football match
Xiandai Investment aligned with the concept of "helping each other, overcoming naire survey Huxiang hundred kilometers "Ten thousand people
di?culties together", emphasizes mutual assistance among its employees. We walking Hiking around Dawei Mountain" activity
have established a robust support system to promptly identify and address
economic or life di?culties faced by our employees. Regularly, we provide hard-
ship subsidies to employees experiencing family di?culties, serious illnesses, or Xiandai Investment carried out the 2023 employees table tennis competition
Helped 58 employees
disabilities, ensuring that the needs of each employee are met. in need
On May 6, 2023, the Company held the 2023 employees table tennis competition. The competition includes four events, including
men's and women's team events and men's and women's singles events, with a total of about 100 players actively participating. The
Symposium of Visiting and Seminar on Consoling Disadvantaged
competition not only stimulated the enthusiasm of the employees, but also promoted the communication and cooperation between
Consoling Difficult Employees Employees at the Grassroots Level
the teams, and injected a positive vitality into the Company's team building.
Create Sunny Life
Employees table tennis match
The happiness of employees not only promotes the harmonious development of society, but also lays a solid foun-
dation for the sustainable development of enterprises. Xiandai Investment is committed to fostering a positive and
dynamic work environment for its employees. Guided by the founding philosophy of "building for employees and
relying on employees," we create "Employee’s Family". In 2023, the Huaihua Branch Xupu Road Maintenance Safety Xiandai Investment held the first employee e-sports competition
Management O?ce Branch Trade Union and the Zhijiang Maintenance Road Safety Management O?ce branch
On December 4, 2023, the Company held the ?rst employee e-sports competition, introducing the esports tournaments from the
were honored with the title of "Model Employee Families" by the Hunan Provincial Transportation Union.
Hangzhou Asian Games into the employee sports activities. This was done in order to enhance team spirit, strategic thinking ability,
and emergency response speed among our employees.
To this end, we o?er a range of recreational and sports facilities, including employee activity rooms and libraries.
We also establish interest groups for activities such as basketball, badminton, and billiards, and organize various
sports events and amateur activities. Additionally, we conduct mental health training, establish a psychological
consultation room, and take multiple measures to safeguard the physical and mental well-being as well as the
quality of life of our employees.
Esports competition
Employees gym renovation Construction and renovation of three gardens Employees activity room renovation
(vegetable garden, breeding garden, ?sh
pond)
and Governance Report
Partner Together
Promote a Better Xiandai
Work Together for Win-Win
Development
Promote Industry Development 57
Supplier Management 57
Responsible Purchasing 58
Unite and Build Harmoni-
ous Society
Boost Rural Revitalization 59
Enthusiastic Public Welfare 61
Aligning with the United Nations Sustainable Development Goals (SDGs)
As a responsible enterprise, Xiandai Investment is committed to building a warmer and more prosperous community,
and the Company has always taken the initiative to practice social responsibility and contribute to social progress. We
focus on the improvement of the supply chain management system, respond to the national strategy, and continue to
make e?orts in public charity, rural revitalization, volunteer services, etc., to enhance social well-being.
and Governance Report
Work Together for Win-Win Development Supplier Monitoring
For the suppliers we have cooperated with, we conduct regular follow-up visits to the suppliers, implement dynamic
Xiandai Investment focuses on the future common development of the entire industry and the cultivation of industry
evaluation, and encourage them to continuously improve product quality and service level.
talents. We adhere to the concept of win-win cooperation, adopt a comprehensive supplier evaluation system, and
establish a solid supply chain partnership through good management and communication with suppliers. Supplier Evaluation
The Company evaluates and scores suppliers in ?ve categories: equipment, main material, engineering, service, and
Promote Industry Development others. Based on the score values, suppliers are categorized into four levels. Suppliers deemed unquali?ed are listed in
Xiandai Investment ?rmly believes that through extensive industry communication, the talent pool within the industry the restricted bidding catalog.
can foster technological innovation, drive sustainable industry development, and provide strong support for the Supply Chain Risk Response
Company's leadership in the competitive market. The Company establishes partnerships with peer enterprises, and
The Company proactively identi?es and dynamically monitors supply chain risks to ensure supply chain safety compliance
shares research and development projects and experiences with peer enterprises through forums, exchange and learn-
from both quality control and emergency mechanism. We maintain active communication with suppliers, sharing informa-
ing meetings, seminars, industry annual meetings, exhibitions and other forms. We use our own platform advantages
tion and needs promptly. Project progress is tracked and inspected throughout its lifecycle, and appropriate emergency
and professional resources to continuously strengthen the in-depth cooperation with universities and academic
mechanisms are established to address contractor performance and unexpected situations. These e?orts provide a solid
research institutions, carry out school-enterprise discussions and exchanges, build internship bases, provide practical
foundation for the stable development of the Company.
opportunities for students, and promote the continuous improvement of the technical level of the industry.
Responsible Purchasing
Dayou Futures carried out "investor education into 100 universities" activities
Xiandai Investment actively practices responsible procurement, standardizes procurement procedures, and takes green
In 2023, Dayou Futures Investment and Education Base signed a cooperation agreement with Hunan University of Science and Technology procurement, responsible procurement and transparent procurement as important strategies to ensure the sustainable
aiming to deepen school-enterprise cooperation. As part of this agreement, the base conducted six university activities in cooperation with
development of the Company. The Company integrates the concept of green environmental protection into the daily
Hunan University, Hunan University of Science and Technology, and Shaoyang University. These activities aimed to assist students in
establishing correct investment concepts and risk management awareness, thus contributing to the popularization of investor education procurement of materials and equipment, gives priority to the procurement of energy-saving and environmental protection
within the national education system. products, and carries out procurement work in strict accordance with the national green manufacturing standards and
relevant customer regulations. We take corporate social responsibility as our own responsibility, prevent corruption in the
With the support of the exchange, Dayou Futures launched the "Financial Knowledge into Campus" activities of Zhengzhou Commodity
Exchange Cup, CCFEX Cup and the Shanghai Futures Exchange. On November 17th, the participants of the "CCFEX Cup" National University supply chain process, and emphasize the fairness and transparency of the supply chain. During the reporting period, 100%
Financial Literacy Debate Invitational at Hunan University received guidance on futures-related knowledge and analysis of debate topics. of the suppliers that have passed the Company's annual audit signed the Honesty Commitment.
With its excellent performance, Hunan University won the champion of the CCEFX Cup National University Financial Business Debate
Invitational Competition. Four-in-one bidding and procurement management system
Clear Optimize Build Enhance
management management information professional
Futures professional knowledge Group photo at the competition Futures knowledge promotion at Signed a cooperation agreement with the responsibili- mechanism platform quality
tutoring at Hunan University venue of Hunan University Hunan University of Science and Business School of Hunan University of Science ties All
Technology and Technology announcements
Clarify the rights Formulate the
issued by units at all Conduct training on
and responsibilities Bidding and
levels enter project bidding and
of bidding and Procurement
information through the platform, procurement and
procurement Management
and record and manage the whole contract
Supplier Management management at all
levels.
System.
process of bid opening, evaluation
and bid selection through the
management.
platform, and take this as
the basis for signing
Xiandai Investment always follows the principles of openness, fairness and impartiality, cooperates with suppliers in the project
contract.
strict compliance with relevant laws and regulations such as the Regulations on the Implementation of the Bidding Law of
the People's Republic of China, the Procurement Law of the People's Republic of China, the Contract Law of the People's
Republic of China, and formulates the Supplier Management Measures, Contract Management System and other systems
to ensure the orderly operation of the supply chain management system. Furthermore, Xiandai Investment continuously
strives to improve the supervision process.
Supplier Entry
The Company will identify new suppliers quarterly, collecting data and assessing risks from multiple channels during
the supplier access stage. After conducting a basic investigation of the suppliers, ?eld investigations and assessments
will be carried out. Suppliers that successfully pass the assessment will be included in the list of potential suppliers.
Contract life cycle risk prevention and control and operational training Contract management system publicity training
and Governance Report
Dayou futures "Insurance + Futures" to
Unite and Build Harmonious Society help rural revitalization projects flourish
Xiandai Investment is committed to the harmonious development of economic and social bene?ts. The Company Dayou Futures adhere to the original intention of serving entities and serving agriculture, rural areas, and farmers,
actively engages in voluntary activities that contribute to social and economic development, integrating into the local based on professional, industrial and geographical advantages, and actively explore and innovate new models of
community through public welfare measures and good deeds, including donations, donations, assisting the needy, ?nancial services for rural revitalization, injecting new momentum and strong con?dence in escorting the steady devel-
Through these e?orts, Xiandai Investment exempli?es the social responsibility of state-owned enterprises and opment of rural economy. Since 2020, the ?nance Department of Hunan Province has supported the development of
promotes positive societal development. the "Insurance + Futures" project of Dayou Futures for four consecutive years, which avoids the risk of corporate pro?ts
being damaged due to the decline in product prices, and the insurance Company reinsurance the risk by purchasing
over-the-counter options products from the risk subsidiaries of the futures Company.
Boost Rural Revitalization
In response to the country's call for rural revitalization, Xiandai Investment uses the Live Hogs "Insurance + Futures"
dual advantages of technology and ?nance to carry out a series of activities, including
?nancial knowledge publicity, professional assistance, industrial assistance, and The implementation of the "Insurance + Futures" case for Yongzhou Live Hogs by Dayou Futures has been recognized
consumer assistance. By deeply understanding the actual needs of agricultural enter- as one of the excellent cases of the 18th China (Shenzhen) International Futures Conference in 2023. The project
A total of 928 rural assistance and guarantee variety has expanded from the core variety of Live Hogs, gradually forming a development pattern with Live
prises, we tailor ?nancial services to provide strong support for their modernization, agricultural projects were
transformation, and development. Our focus remains ?rmly on serving the real econo- implemented, covering 12 provinces Hogs as the centerpiece and other varieties complementing it.
nationwide
my, injecting ?nancial vitality into rural revitalization.
Xiandai Investment performance of ?nancial aid to agriculture
million
Yueyang Baling RCB Dayou futures CNY ton
In 2023, the Company provided price risk protection of
more than CNY15 million for 1,000 tons of Live Hogs of
·The Company issued a loan of CNY1 million to ·The Company provides price insurance for more than breeding enterprises in Zhijiang City.
the Collective Economic Cooperative of Qingshui 15,000 farmers.
Village, Xinqiang Town, Yueyang County, to International Futures Industry Congress Zhijiang City pig farm
support the cultivation of local characteristic ·The Company donated CNY2.3 million to Henan Charity
fruits. Association to optimize the "Insurance + Futures" project Pig feed price "Insurance + Futures" Egg price "Insurance + Futures"
model.
·The Company took the lead in issuing a syndicat- 18,404 Live Hogs were guaranteed, providing more than CNY14.72 Provide price risk protection of more than CNY5 million for 610
ed loan of CNY220 million for the construction of ·The Company donated CNY0.73 million to the Charity million of risk protection, and the loss rate was as high as 170.9%. tons of eggs
"Huangmao Mountain Pastoral Complex Project Association of Shunde District of Foshan City to enhance the
in Yueyang City", which is used for the construc- accuracy and practicality of ?nancial support for agriculture.
tion of high-standard farmland renovation Cotton "Insurance + Futures"
project. ·Signing a strategic cooperation framework agreement with
the Shaoyang County People's Government of Shaoyang Provide 2,850 tons of cotton for Xinjiang Bachu cotton farmers, covering
·The Company issued the ?rst "Fuxiang · Xiang- City, Hunan Province, to utilize ?nancial tools to assist in the 18,930.8 acres of cotton planting area.
nong e-loan" in Yueyang County, e?ectively revitalization of rural areas in Shaoyang County.
Farmers' self-paid CNY397,500, local ?nancial support of CNY1,391,300,
solving the "agriculture, rural areas, and farmers"
Dayou Futures support of 198,800 CNY, the total premium of CNY1,987,600.
guarantee amount is not enough, information ·Continuously researching the oil tea industry for six years,
sharing is not smooth, business processing is not and in 2023, guiding and witnessing the ?rst national
Finally,a compensation of CNY2,902,200 was achieved, with a loss rate of
fast and other di?cult problems. simulation delivery of oil tea seed futures. 146.02%. Farmers obtained compensation of 1,018.31 CNY/ton of cotton
Bachu cotton production base price risk protection.
Modern Wealth financial empowers agricultural enterprises' modernization transformation Natural rubber "Insurance + Futures"
Modern Wealth focuses on serving the real economy and explores the scene of pig farm
leasing to support agriculture and bene?t farmers. In Shaoyang, Hunan Province, a major Underwriting 1,000 tons of natural rubber, bene?ting 3,019 farmers, reinforcing and expanding the poverty alleviation achievements of 490
households, and ultimately achieving compensation of more than CNY720,000.
market for pig farming, the business team of Modern Wealth conducted in-depth ?eld
research at pig farms, identi?ed market conditions along the upstream and downstream
supply chains, and designed ?nancing leasing services to accelerate the upgrade of
production lines and increase output for a certain agricultural company in Shaoyang. With
?nancial empowerment, in September 2023, the "6,000-head breeding sow base" of an Urea price "Insurance + Futures"
agricultural limited company in Shaoyang was successfully completed and put into
Modern Wealth supports agricultural enterprises
operation in Panbi Village, Daxiang District, as scheduled. The government provides 50% premium subsidies to provide urea price risk protection for farmers' 1,020 acres of farmland.
in applying advanced biotechnology treatment
techniques
and Governance Report
Enthusiastic Public Welfare Volunteer Service
Xiandai Investment has always been actively enthusiastic about public welfare. We focus on practical issues related to Xiandai Investment always keeps in mind the social responsibilities entrusted to state-owned enterprises. We e?ectively
people's livelihoods and deeply carry out the "I do practical things for the people" practical activity. Through public leverage our professional advantages in the industry to promote the deep integration of volunteer service with daily
welfare measures such as helping the needy, creating Lei Feng volunteer services, caring for exams, and voluntary operations, continuously enhance employees' sense of ful?llment and responsibility in volunteer service, and enhance
blood donation, we give back to society with practical actions and contribute to the construction of a harmonious the positive role of public welfare volunteer service.
society.
person- million
times hours CNY
Amount of public welfare
Company employees participated in a total of 875 volunteer services1,888 expenditure CNY7.36 million
hours of volunteer service
Assisting the Elderly and Caring for the Young
Caring for special children and paying attention to vulnerable groups contribute to building a harmonious and symbiot-
ic social atmosphere. We focus on special groups, providing practical actions and ?nancial support to care for "the
elderly and the young", assisting "the disabled and the needy", creating a better old age for the elderly, and a more
hopeful future for children.
Xupu Road Maintenance and Safety Manage- Changsha toll station volunteer service Zhaoshan toll station youth volunteers
ment Station assisted the overturned driver in point to provide passengers with free help the driver change the tire
transporting goods and received a commenda- convenience materials
tion ?ag
Modern Environment focuses on the destruction of counterfeit drugs and illegal publications
ing and corruption, facilitates the centralized destruction of illegal publica-
tions, cracks down on illegal business activities involving the sale of various
Xupu toll management canter to help Dayou Futures “Learning from Lei Feng, Being Zhaoshan toll station volunteer
disabled elderly harvest rape a Good Example, Helping Others in Times of team warmly assists an old woman illegal publications, and takes the initiative to safely transfer and dispose of
Need” donation assistance program who lost his way
problematic drugs in a centralized and harmless manner, free of charge. In
Yueyang Baling RCB practices social responsibility illegal publications, more than 5,000 illegal optical discs, 385 types, more than
and continues to carry out public welfare donation activities 1,600 boxes (bottles) of fake drugs worth more than CNY50,000 and a batch of
expired medical devices worth more than CNY25,000.
In 2023, Yueyang Baling RCB has successively carried out or participated in the "Bringing Warmth in the Spring Festival, Ful?ll- CNY
ing Small Dreams" public welfare donation, "Care for Disabled Children, Spread Love to the World" activities and "Youthful
Hearts Devoted to the Party, Blossoming Flowers in the Sunshine" large-scale art performance activities, providing assistance
to special children, left-behind children, and families in need. The total donation amounted to CNY0.13 million.
"Bringing Warmth in the Spring Festival, “Care for Disabled Children, Spread Love to
Modern Environment destroys counterfeit drugs and illegal publications
Ful?lling Small Dreams" public welfare the World "activity
activities
and Governance Report
Appendixes
Key Performance Table 65
GRI Indicator Index 73
Survey 79
and Governance Report
Key Performance Table
Category Units 2023 Category Units 2023
Environment 1 Waste
Environmental investment
Total waste emissions Ton 2,183
Total investment in environmental protection Million CNY 252.7
Total domestic waste Ton 51
Non-renewable energy consumption
General industrial solid waste generation Ton 2,132
Natural gas m? 172,818
Lique?ed petroleum gas kg 25,995 Amount of general industrial solid waste recycled m? 10,092
Coal Ton 6
Exhaust gas emissions
Biomass fuel Ton 2,128
Volatile Organic Compounds (VOCs) Emissions Ton 0.03
Gasoline(92#) Liter 222,311
Sulphur oxides (SOx ) Emissions Ton 28
Gasoline(95#) Liter 34,426
Nitrogen oxide (NOx ) Emissions Ton 121
Diesel Liter 394,593
Purchased electricity
Particulate matter (PM) Emissions Ton 7
kWh 23,712,181
Metric ton of
Total energy consumption 3,934 Wastewater 4
standard coal
Metric tons of standard coal
Energy consumption intensity 4
/million revenue Wastewater m? 143,476
Renewable energy consumption Chemical Oxygen Demand (COD)
Ton 1,830
discharge in wastewater
Photovoltaic power generation kWh 1,403,485
Five-day biochemical oxygen demand (BOD5)
Total energy savings 2 Ton 0.09
Metric ton of standard coal 423 discharge in wastewater
(compared to thermal power generation)
Greenhouse gas emission reduction 3
(compared to thermal power generation) tCO2e 1,004 Discharge of suspended solids (SS) in wastewater Ton 0.13
Greenhouse gases (GHG) emissions
Ammonia and nitrogen emissions from wastewater Ton 699
Direct (Scope 1) GHG emissions tCO2e 1,888
Water consumption
Indirect (Scope 2) GHG emissions tCO2e 13,523
Fresh water consumption Ton 597,447
Total GHG emissions (Scope 1 and Scope 2) tCO2e 15,411
Total GHG emissions intensity (Scope 1 and Scope 2) tCO2e/million revenue 16 Water reuse Ton 47,179
generation of power plants of 6,000 kilowatts and above nationwide was 301.5 g/kWh in 2022.
and Governance Report
Category Units 2023 Category Units 2023
Social and Economic 5 Employment and Diversity
Economic
Total number of employees on board Person 2,673
Tax amount Billion CNY 0.357
Male Person 1,432
Annual revenue Billion CNY By gender
Female Person 1,241
Social contribution per share CNY 1.69
Directors, Supervisors and Senior Management
By age group 31-50 years old Person 1,940
Average term of o?ce of Board members Year 3
Directors, Supervisors and Senior Management’
% 4%
turnover rate Master's and doctoral
Person 148
students
Proportion of independent directors % 33%
Undergraduate Person 1,374
By educational
Ratio of external supervisors % 50% background
Specialized training
Person 713
school
Directors, Supervisors and Senior Management’
Age 7
Standard deviation of age
Post-secondary Person 438
Number of board meetings Times 9
Full-time employee Person 2,672
By employment type
Attendance of Board members % 100%
Part-time employee Person 1
Number of directors attending less than 75%
Person 0
of meetings Middle and senior
management
Person 86
Number of audit committee meetings Times By grade
Frontline employee Person 2,587
Number of Remuneration Committee meetings Times 2
Hunan Province Person 2,424
Number of Nomination Committee meetings Times By geography
Outside Hunan Province Person 249
Percentage of personnel who are female
directors
% 22%
Number of employees with Person
Socially disabilities in service 11
responsible
servuce
and Governance Report
Category Units 2023 Category Units 2023
Employee Recruitment and Retention Employee Training
Total number of new employees Person 153 Employee training investment Million CNY 175
Male Person 89 Total number of employees trained Person 2,673
By gender
Female Person 64 Male Person 1,432
By gender
Middle and senior
By age group 31-40 years old Person 58 management
Person 86
By grade
Turnover rate 6 % 11% Total hours of sta? training Hours 147,156
Employee Rights and Interests Protection Male Hours 75,815
By gender
Employee assistance and condolence funds Million CNY 24 Female Hours 71,341
Labor contract signing rate % 100% Middle and senior
management Hours 7,707
By grade
Social insurance coverage % 100%
Frontline employee Hours 139,449
Occupational Health and Safety
Total hours of training per employee Hours 55
Amount of investment in production safety Million CNY 14,966
Male Hours 53
Number of people trained in security 7 Person 3,119 By gender
Female Hours 57
Number of safety trainings Times 379
Middle and senior
management
Hours 90
Occupational disease incidence rate % 0%
By grade
Employee annual medical examination Frontline employee Hours 54
coverage rate % 100%
Coverage rate of safety risk protection training % 100%
and Governance Report
Category Units 2023 Category Units 2023
Supplier Management Research and Development Innovation
Number of patents and software copyrights
Total number of suppliers Number of suppliers 885 Cases 153
obtained
Inside Hunan Province Number of suppliers 555 Number of patents Cases 116
Supplier
Distribution
Mainland China except Number of software copyrights Cases 37
Hunan Province Number of suppliers 330
umber of new patents in 2023 Cases 8
Professional Services
Amount of research and development investment Million CNY 26.48
Customers claim Cases 360
Number of R&D personnel Person 278
Number of customer complaints resolved Cases 360
Other violations
Anticorruption
Number of employees participated in anti-corruption
Health and safety aspects of services Cases 0
education Person 2,024
Total hours of participation in anti-corruption educa-
Marketing aspects Cases 0
tion by employees Hours 4,940
Number of middle and senior management partici- Number of non-compliance penalties
Training in
pated in anti-corruption education Person 86 involved and total amount of ?nes paid by CNY 0
anti-corruption
the Company
education
Total hours of participation in anti-corruption educa-
tion by middle and senior management
Hours 892
Number of incidents involving leakage of
customer information Cases 0
Number of integrity training Times 49
Losses caused by violating relevant laws
and regulations CNY 0
Total number of hours of integrity training Hours 267
Incidents of violating laws and regula-
tions in the environmental ?eld Cases 0
Signature rate of the Integrity Contract % 100%
Public welfare donation
Public welfare expenditure Million CNY 7.36
and Governance Report
GRI Indicator Index
Xiandai Investment Co., Ltd. reported the period from January 1, 2023 to December 31, 2023 with
Statement of use reference to GRI standards.
GRI Standards 类别 Disclosure 单位或类别 2023年
Index Position
GRI 1 GRI 1: Foundation 2021
Applicable GRI Industry Standards No applicable GRI industry standard 2-21 Annual total compensation ratio Key Performance Table
GRI Standards Disclosure Index Position
reporting Report Scope and Boundaries
GRI 2:
Report Release and Access
Disclosures
No restatement of information is required in 2021 1.1 Establish a Sound Management Mecha-
this report
About Us No relevant actions
ships
Not applicable, the Company does not involve 2-30 Collective bargaining agreements
non-employed employees
body
GRI 2: GRI 3:
General 2-11 Chair of the highest governance body 1.1Establish a Sound Management Mechanism Material 3-2 List of material topics 1.2 Complete the Responsible Governance
Disclosures Topics2021
the management of impacts
ties due to climate change
Economic
Performance 201-3 De?ned bene?t plan obligations and other retirement
ability reporting
GRI 202: to local minimum wage
Presence
body
governance body GRI 203: 203-1 Infrastructure investments and services supported
Indirect
Company 2023 Annual Report
Impacts 2016 203-2 Signi?cant indirect economic impacts
and Governance Report
GRI Standards Disclosure Index Position
GRI Standards Disclosure Index Position adjacent to, protected areas and areasof high biodiversity
value outside protected areas
GRI 204:
Procurement 5.2 Unite and Build a Harmonious Society
Practices 2016 GRI 304: 304-2 Signi?cant impacts of activities,products and services
Biodiversity on biodiversity
GRI 204: 304-3 Habitats protected or restored
Procurement 205-2 Operations assessed for risks related to corruption 1.3.2 Build Clean and Honest Defense Line
Practices 2016
species with habitats in areas a?ected by operations
GRI 206:
Anti-competi- 206-1 Legal actions for anti-competitive behavior, anti-trust,
and monopoly practices 1.3.3 Observe Business Ethics
tive Behavior 305-1 Direct (Scope 1) GHG emissions
GRI 207: GRI 305: 305-4 GHG emissions intensity
Tax 2019 207-3 Stakeholder engagement and management of concerns
related to tax 305-5 Reduction of GHG emissions
Not applicable,The Company is not
involved in the import of ODS
signi?cant air emissions Performance Table
GRI 301: Not applicable,Xiandai Investment does
Materials 2016
GRI 306: 3.3.3 Emissions Management Key
Waste 2020 306-3 Waste generated Performance Table
GRI 302: 3.3.2 Resource and Energy Management 306-4 Waste diverted from disposal
Energy 2016 302-3 Energy intensity Key Performance Table
services Supplier 5.1.2 Supplier Management Key
Environmental Performance Table
Assessment and actions taken
GRI 303: 3.3.2 Resource and Energy Management
Water and
GRI 401: 4.2 Stimulate Talent Vitality Key
Effluents 2018 401-2 Bene?ts provided to full-time employees that are not Performance Table
and Governance Report
GRI Standards Disclosure Index Position GRI Standards Disclosure Index Position
GRI 408:
GRI 402: 408-1 Operations and suppliers at signi?cant risk for 5.1.2 Supplier Management Key
Child Labor incidents of child labor Performance Table
Labor/Man-
agement changes
Relations
GRI 409:
Forced or
incidents of forced or compulsory labor Performance Table
Compulsory
Labor 2016
GRI 410:
investigation Security or procedures
Not applicable
Practices 2016
GRI 411:
Rights of 411-1 Incidents of violations involving rights of indigenous
Indigenous peoples
tion on occupational health and safety
GRI 403: Peoples 2016
Occupational
Health and 403-5 Worker training on occupational health and safety Performance Table 413-1 Operations with local community engagement,
Safety impact assessments, and development programs
Not applicable
munities
safety impacts directly linked by business relationships negative impacts on local communities
management system 414-1 New suppliers that were screened using social
GRI 414: criteria
Social Assess- Performance Table
GRI 415:
GRI 404: 404-2 Programs for upgrading employee skills and transition Public Policy 415-1 Political contributions Company 2023 Annual Report
Training and assistance programs 4.2.2 Diverse Capability Enhancement
Key Performance Table
Education
and career development reviews 416-1 Assessment of the health and safety impacts of
GRI 416:
product and service categories
Customer
Health and 2.3 Enhance Professional Services Key
GRI 405: Safety Performance Table
Diversity and 2016 416-2 Incidents of non-compliance concerning the health
Equal Opportuni- 4.1 Protect Employees' Rights and Interests and safety impacts of products and services
ty 2016 405-2 Ratio of basic salary and remuneration of women
to men
GRI 417: and labeling
GRI 406: Marketing
Non-discrimina- 406-1 Incidents of discrimination and corrective actions taken 4.1 Protect Employees' Rights and Interests 417-2 Incidents of non-compliance concerning product 2.3 Enhance Professional Services Key
and
tion 2016 and service information and labeling Performance Table
Labeling
GRI 407: communications
Freedom of
Association and GRI 418:
of association and collective bargaining may be at risk Performance Table
Collective Customer 418-1 Substantiated complaints concerning breaches of 2.3 Enhance Professional Services Key
Privacy customer privacy and losses of customer data Performance Table
Bargaining 2016
精益治理
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Environmental , Social
and Governance Report
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