Stock name: Weiming Environment Protection
Stock code: 603568
and Corporate Governance ) Report
Zhejiang Weiming Environment Protection Co., Ltd.
Content
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
CONTENT
ENVIRONMENT Stock code: 603568 2024 ESG (Environmental, Social, and Corporate Governance) Report
About Weiming Sustainable Development Improving Governance
Structure to Strengthen
Environment Protection & Corporate Value Creation the Foundation for
Development
About This Report 04 Company Overview 12 Sustainable Development Strategy and 18 Optimizing Corporate Governance Structure 28
Message from the Chairman 06 2024 Sustainable Development Achievements 13 Management Structure Investor Relations Management 32
Board Statement 09 and Honors Stakeholder Engagement 20 Risk and Compliance Management 34
Company's Major Honors 14 Materiality Analysis 22 Business Ethics 37
Appendix 1： 88
Index Table of the Guidelines for
Sustainability Report
Appendix 2： 89
Protect the Ecological Foresight & Innovation- Responsibility & Fairness
Index for Alignment with GRI Standards Foundation & Create a in Parallel: Marketing
on Sustainability Reporting (2021)
Green Future driven Development with Collaboration
Appendix 3： 92
Optimizing Environmental Management 42 Product Quality and Safety 56 Responsible Marketing 68
Table
Energy Utilization 42 Customer Service Management 57 Equal Treatment of Small and Medium-sized 68
Response to Climate Change 44 Innovation-driven 57 Enterprises
Assurance Statement 98
Treatment of Three Wastes 48 Intellectual Property Protection 60
Feedback Form 100
Water Resources Utilization 52 Data Security and Customer Privacy Protection 61
Circular Economy 52 Supply Chain Security 63
Biodiversity 53
United for Good: People-oriented,
Building Inclusive Futures
Through Philanthropy Co-creating Value
Rural Revitalization 72 People-oriented, Co-creating Value 76
Social Contribution 72 Talent cultivation and development 78
Employee Rights and Benefits 80
Occupational Health and Safety 84
About This Report
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
About This Report
Statement of Preparation
Report Scope
This report is the third Environmental, Social and Governance (ESG) Report published by Weiming Environment
This report is centered on Zhejiang Weiming Environment Protection Co., Ltd. and covers its branches and Protection. It discloses to investors and other diverse stakeholders the Company's ESG-related philosophies,
subsidiaries. Unless otherwise stated, the scope of this report is consistent with that of the Company's management approaches, implemented actions and achieved outcomes in the course of its operations.
annual report.
Report Preparation Principles
Time Frame
• Sustainability Context: This report focuses on material topics while also taking into account the characteristics
This report covers the period from January 1, 2024, to December 31, 2024 (referred to as the "Reporting of the Company's industry and business operations.
Period"). To enhance the timeliness, comparability and completeness of the report, certain content may
• Timeliness: This is the 2024 annual report. The Company endeavors to release it promptly after the reporting
include retrospective information from previous years or forward-looking statements.
year concludes, ensuring stakeholders have timely information to support their decision-making .
• Accuracy: The report strives to ensure the accuracy of the disclosed information. The Board of Directors
Terminology Notes guarantees that the content contains no false records, misleading statements, or major omissions.
For ease of reference and readability, the following abbreviations are used in this report: • Balance: The report presents objective and truthful facts, disclosing both positive and negative information
related to the Company in an unbiased manner.
Abbreviation Full Name • Completeness: The scope of disclosure is consistent with that of the Company's consolidated financial
the Company, statements.
Zhejiang Weiming Environment Protection Co., Ltd.
Weiming Environment Protection, Weiming • Comparability: The report maintains consistency in the statistical and disclosure methods of quantitative
indicators across different reporting periods.
Environment Protection Group Weiming Environment Protection Group Co., Ltd.
• Verifiability: All case studies and data presented in this report are derived from verifiable sources. The
Equipment Group Weiming Environment Equipment Group Co., Ltd. Company's Board Strategy and ESG Committee oversees the management of historical ESG data, ensuring full
traceability of data sources and calculation methodologies to facilitate external assurance.
New Energy Group Zhejiang Jiawei New Energy Group Co., Ltd.
• Clarity: The report is published in both Chinese and English. It is supplemented by tables, diagrams, a glossary
of professional terms, a table of contents and an ESG standards index for easier navigation.
Reference Standards
• Quantifiability: The report discloses key quantitative indicators and, where possible, provides comparable
• Guidelines No.1 of Shanghai Stock Exchange for Self-Regulation of Listed Companies- Standardized historical data. For details, refer to the appendix "2024 Key Performance Indicators (KPI) Table".
Access to the Report
Operation, Guidelines No.14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies
Sustainability Report (Trial)
• China Enterprise Sustainable Development Report Guide (CASS-ESG 6.0) The electronic version of this report can be viewed and downloaded from the Shanghai Stock Exchange website
• Global Reporting Initiative (GRI) Sustainability Reporting Standards (2021 Edition) (www.sse.com.cn) or the official website of Zhejiang Weiming Environment Protection Co., Ltd. (www.cnweiming.
• United Nations Sustainable Development Goals (SDGs) com).
• IFRS S1 issued by the International Sustainability Standards Board (ISSB)
Contact Information
• Standards from Domestic and International ESG Rating Agencies
Address: 16th Floor, Tongren Hengjiu Building, No. 525 Shifu Road, Wenzhou, Zhejiang Province, China
Data Description Phone: +86-577-86056018
The data used in this report are sourced from the Company's operational raw data, annual financial data, Fax: +86-577-86051888
relevant internal statistical reports, publicly available data from government departments, third-party Email: ir@cnweiming.com
surveys and third-party evaluation interviews. All financial data in this report are denominated in RMB. In
Official Website: www.cnweiming.com
the event of any discrepancies with the financial statements, the financial statements shall prevail.
Message from the Chairman
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Message from the Chairman tive training programs and leveraged digital transformation to enable real-time environmental data monitoring,
full-process traceability of social responsibility initiatives and timely disclosure of governance information.
The company received various accolades, including the "Excellent Practice Award " for the 2023 Annual Report
Dear Shareholders, Partners, Employees and Friends from All Walks of Life, Performance Presentation of Listed Companies and the "Golden Bull Most Valuable Investment Award ", "Top 100
ESG Listed Companies in China " and "Excellent Board Award ". In Q4, Weiming's Jiaman High-grade Nickel Matte
Greetings!
Project in Indonesia began trial production of its first 10,000-ton (metal tonnage) oxygen-enriched side-blown
On behalf of the Board of Directors and all employees of Zhejiang Weiming smelting production line. The project achieved energy self-sufficiency and cost savings by adopting advanced
Environment Protection Co., Ltd., we sincerely thank our partners for their pyrometallurgical nickel smelting technology and waste heat power generation. Meanwhile, Weiming expanded its
long-term support. In 2024, Weiming Environment Protection achieved sig- waste-to-energy initiatives in Indonesia, constructing modern waste treatment facilities to address environmental
nificant progress in advancing ESG initiatives and promoting high-quality issues and benefit local communities. Its governance philosophy of pursuing green development and strengthen-
development. Guided by the principles of "Green & Low-Carbon Develop- ing ecological protection led to an invitation from Indonesian President Prabowo and laid a solid foundation for
ment, Technological Innovation and Social Responsibility," we implement- its global market expansion.
ed comprehensive actions in environmental governance, social contribu-
II. Gratitude in Partnership: Uniting Diverse Forces to Co-Create a Green Vision
tion and corporate governance, achieving remarkable results.
Weiming's achievements are attributed to the relentless efforts of many. We extend sincere gratitude to our share-
I. 2024 ESG Practices: Deepening Commitments Across Three Pillars to Elevate Sustainable Development holders for their trust and financial support, driving our green tech innovation. Thanks to our collaborative part-
ners for joint environmental projects and new energy tech breakthroughs, we've built a strong green development
(I) Environmental Stewardship: Green Transformation via Tech Innovation
ecosystem both domestically and internationally. Most of all, we're deeply grateful to our resilient employees,
In 2024, as an environmental leader, we integrated the "Dual Carbon" goals into our strategy. The company's whose professionalism and hard work have set the "Weiming Standard." We also appreciate the substantial
waste-to-energy projects in Changli, Yong kang Phase II, Jiaohe and Kaili Phase II were fully operational, with Fujin, support from all sectors of society, including community residents, investor representatives and rating institutions,
Longnan and Zhijiang projects entering trial runs. These waste incineration facilities, with a total daily processing whose interactions have reinforced our belief in sustainable development through stakeholder collaboration.
capacity of 3,500 tons, are expected to generate approximately 350 million kWh annually once fully operational, re-
ducing carbon dioxide emissions by 350,000 tons per year compared to coal power. Additionally, new kitchen waste III. Outlook for 2025: Focus on the Dual - Carbon Goals and Launch a New Chapter of Green Development
treatment projects in Dongyang, Pucheng, Ningdu and other cities were put into service. Driven by innovation, Weiming
Standing at a new starting point, we will advance ESG implementation with greater resolve:
Environment Protection has developed and applied 342 patents and software copyrights, enhancing project stability
and efficiency. Green Transition: By 2025, we aim to expand photovoltaic coverage across production bases, upgrade eco-friendly
technologies to cut energy consumption and further reduce carbon intensity in our environmental business com-
(II) Social Value Creation: Fostering Social Progress with Responsibility pared to 2024.
In 2024, Weiming Environment Protection continued its commitment to social responsibility by allocating RMB 5.44 Social Commitment: Introduce employee partnership programs to share profits and value gains, while expanding
million in charitable funds, marking 15 consecutive years of targeted assistance to vulnerable groups. Our rural revi- Belt and Road initiatives to deploy China's carbon solutions globally.
talization efforts systematically upgraded educational and healthcare infrastructure in underdeveloped communities,
Governance Innovation: Develop an ESG digital platform for carbon footprint tracking, integrate biodiversity into
while sustained investments in educational development funds helped disadvantaged students complete their studies.
investments and refine governance based on global ESG benchmarks.
Employees are always our greatest asset. Through the "Hundred Talent Program, " we have recruited graduates from
top universities (including Project 985/211 and Double First-Class institutions), increasing the proportion of master's Colleagues, milestones like the trial run of our Indonesian nickel project, gratitude from supported students and
degree holders and above. The 2023 Restricted Stock Incentive Plan granted 10.43 million shares to 159 core employ- investor trust in our vision reaffirm that sustainability bridges humanity's shared future. In 2025, Weiming will keep
ees in R&D and project management roles, with the first tranche vesting in June 2024. In 2024, we provided an average innovating and collaborating, steering toward greener horizons—together.
annual training duration of 15.34 hours per employee and maintained an industry-leading retention rate for critical Finally, we sincerely wish everyone smooth progress in your work and success in all endeavors. Let us jointly look
positions. forward to a splendid landscapes and a new chapter for Weming!
(III) Governance Excellence: Strengthening Operations via Transparency and Efficiency Xiang Guangming
In 2024, Weiming refined its three-tier governance framework of "Board Strategic and ESG Committee - Strategic and Chairman, Zhejiang Weiming Environment Protection Co., Ltd.
ESG Committee Secretariat - Operational Working Groups," convened multiple ESG-themed conferences and execu- April 2025
The Statement of the Board
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
The Statement of the Board
The company's Board of Directors has integrated ESG governance into its core decision-making framework,
establishing a comprehensive four-tier ESG governance architecture encompassing "strategic decision - making
– oversight & evaluation – systematic management – operational execution ": The Board is responsible for
formulating overarching sustainability strategies and bears ultimate accountability for ESG outcomes; its subor-
dinate Strategy and ESG Committee focuses on medium-to-long-term planning and deliberation of critical issues,
serving as a strategic think tank for the Board. As the permanent executive hub, the Strategy and ESG Committee
leads target decomposition, risk control and full-process supervision & evaluation, while cross-departmental ESG
task forces drive operational implementation in areas like green operations and supply chain management. This
creates a closed-loop governance model of " strategic decision-making → systematic execution → business
integration," systematically strengthening the foundation for sustainable development.
During the reporting period, the Board of Directors systematically evaluated the materiality and prioritization of
ESG issues through targeted interviews, questionnaire surveys and multi-stakeholder consultations. This process
focused on identifying core challenges impacting financial performance, operational resilience and environmen-
tal / social value creation, culminating in strategic recommendations. Weiming has fully integrated material ESG
risks into its enterprise risk management framework, employing dynamic analysis of risk probability, severity
and evolution trends to develop tailored mitigation strategies.
To ensure alignment between ESG governance objectives and business practices, the Audit Committee of the
Board of Directors has strengthened its closed-loop oversight mechanism by reviewing risk assessment reports,
tracking compliance reviews and monitoring the effectiveness of mitigation measures. Anchored to our ESG stra-
tegic objectives, Weiming has established a Sustainable Development Action Framework across key dimensions
including climate change response, resource circularity, employee rights protection, supply chain resilience and
governance efficiency. We also regularly reviewed the pathways to achieve these objectives through a dynamic
tracking mechanism: on the one hand, using data-driven methods to identify performance improvement bottle-
necks and risk exposures and formulating iterative improvement plans; on the other hand, integrating ESG risk
management into the entire process of business decision-making to establish a preventive control system covering
risk identification, assessment and mitigation. Meanwhile, based on international standards such as TCFD and GRI,
as well as local regulatory requirements, we established a standardized ESG information disclosure mechanism.
By regularly publishing ESG (Environmental, Social, Governance) reports and quantifying performance bench-
marks in the reports, we provided stakeholders with a panoramic disclosure of strategic deployments, practical
achievements and value creation logic, continuously strengthening the transparency of governance and the public
credibility of our responsibility.
This report was approved by the Board of Directors on April 18, 2025.
•
•
•
Company Overview
Company's Major Honors
About Weiming
Environment Protection 01
About Weiming Environment Protection
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Company Overview 2024 Sustainable Development
Achievements and Honors
Zhejiang Weiming Environment Protection is one of the leading low-carbon environmental protection service providers
in China. The Company were listed on the Shanghai Stock Exchange ("SSE") in 2015 and have since been included in the Operational Environmental Governance Business:
Performance
SSE 380 Index, the Shanghai-Hong Kong Stock Connect eligible stocks, as well as the MSCI China A Index, the S&P Dow
In the reporting period, 7 new WTE projects started operations or trials, with a daily
Jones Indices A and the FTSE Russell A . The Company's core businesses span environmental governance, equipment
capacity of 3,500 tons. Meanwhile, 6 new kitchen waste treatment projects were
manufacturing and new energy material R&D and manufacturing, thereby forming a synergistic development pattern of launched.
three major business segments: environmental protection, equipment and new energy.
Equipment Manufacturing Business:
Since entering the solid waste treatment industry in 1998, Environment Protection Group has become a leading domestic
New orders during the period totaled approximately RMB 3.17 billion. The Equipment
municipal solid waste (MSW) incineration treatment enterprise. The Environment Protection Group has established an
Group launched multiple new products and secured 3C certification.
integrated service system covering the complete industrial chain of waste-to-energy (WTE).Centered on WTE, the Group
New Energy Materials Business:
extends its business to the collaborative treatment of kitchen waste, sludge, agricultural and forestry waste and general
industrial solid waste, while also engaging in fields such as waste collection and transportation and leachate treatment. The first oxygen-enriched side-blown production line of the Indonesia High-grade
In 2024, Weiming Environment Protection's core businesses exceeded annual targets, striving to reduce carbon emissions Nickel Matte Project and the first-phase of the Lithium Battery New Material Industrial
intensity through technological innovation, lean operations and refined management. The Company is committed to helping Base Project in Wenzhou began trial production, thereby enhancing the Company's
cities transition toward a zero-landfill and resource recycling model and aims to become a global leading comprehensive strategic business layout.
environmental service provider and green energy manufacturer, providing systematic solutions for the construction of "zero Social Benefits:
waste cities" and energy revolution.
The three core business segments of Weiming Environment Protection have created
Weiming Equipment Group is dedicated to the technological R&D and manufacturing of environmental protection numerous job opportunities and advanced the development of local environmental
equipment and new energy equipment. The Company has advanced manufacturing bases for complete sets of equipment protection, equipment and new energy materials industries.
and possesses leading capabilities and technological expertise in the development of complete sets of equipment within
the industry. Through independent R&D of core integrated waste treatment equipment as well as pyrometallurgical and
hydrometallurgical nickel processing equipment, Weiming Equipment Group provide comprehensive turnkey equipment Environmental Green Electricity Generation:
Performance
solutions and EPC ser vices to clients in environmental protection and new materials industries. In 2024, the Phase II The environmental treatment projects collectively supplied approximately 4.40
photovoltaic project at Dushan Base progressed steadily, providing green energy support for equipment manufacturing. billion kWh of renewable energy.
Weiming New Energy Group plans to build a high-grade nickel matte project with an annual capacity of 130,000 metal tons Greenhouse Gas Emission Reduction:
in Indonesia (referred to as the "Indonesia High-grade Nickel Matte Project"). The first oxygen-enriched side-blown furnace Approximately 4.39 million tons of carbon dioxide - equivalent GHG emissions have
production line with an annual capacity of 10,000 metal tons was put into trial production in 2024, marking a significant been avoided.
breakthrough for the Company in the new energy materials field. Zhejiang Weiming Shengqing Energy New Materials Co.,
Waste Management:
Ltd. (referred to as "Weiming Shengqing") plans to develop a lithium battery new materials industrial base project in China.
The products include battery-grade nickel sulfate, electrolytic nickel, ternary precursors for power batteries and ternary Completed the intake of 12.54 million tons of municipal solid waste (MSW).
cathode materials for power batteries, etc. In 2024, the New Energy Group actively expanded domestic and international Wastewater Treatment:
markets, continuously bridging the upstream and downstream segments of the industr y chain and establishing an
Treated approximately 19.01 milliontons tons of municipal wastewater.
integrated operational system. Based on this, the New Energy Group collaborates with the Environment Protection Group
and Equipment Group, forming a main business model by "Environmental Protection + New Energy"dual-wheel drive.
C orp orate Continuously provide the society with first-class low-carbon environmental protection technology, products and services.
V i s i on Social
Total Number of Employees: 4,198 employees
C orp orate To create clean,healthy and sustainable living environment for human beings. Performance
M i s s i on Proportion of Female Directors: 11%
Integrity: Always be honest with customers, leaders and colleagues, as honesty and trustworthiness are the foundation
C orp orate
Total Employee Training Hours: 63,160 hours
•
of human being.
Va l u e s
Professionalism: Devote ourselves to our work, love our job, persevere and become experts in our respective areas.
Employee Satisfaction Rate: 96%
•
• Innovation: Continuously propose new ideas, improve work processes and uphold innovation as the cornerstone of
sustained business development.
• Enterprising: Face and overcome challenges with a positive and optimistic mindset. Stand united, support one another
and demonstrate mutual care.
About Weiming Environment Protection
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
The 19th China Listed Company Board of Directors Golden Round
Economic
Revenue: 7.171 billion RMB
Table Award: The Meritorious Secretary - General Award
Performance
• ?Awards Related to the Capital Market
Net Income Attributed to Shareholders of Listed Company: 2.704 billion RMB
Forbes China's Best CEO List:
Basic Earnings per Share: 1.60 RMB
Xiang Guangming, the chairman of Weiming
Total Assets: 27.48 billion RMB Environment Protection, has been included in
R&D Investment: 0.114 billion RMB the "2024 China's Top 50 Best CEOs" list.
Awards List
The 19th China Listed Company Board of
ESG China Securities ESG Rating:"AA"grade The 2024 Securities Star Capital Power Annual Selection: Directors Golden Round Table Award: The Most
Honors The Outstanding Listed Company Award Strategic
Sino-Securities ESG Rating: "A" grade in the 2023 comprehensive rating of - Vision Chairman Award.
Environment, Social and Governance (ESG), ranked 2 nd among 169 A- share listed
ESG The 2024 Securities Market Weekly Crystal Ball
companies in the commercial services and commercial supplies industry. Award
Ratings
- The Best Chairman Award
Wind ESG Rating: "BBB" grade
The 26th Listed Company Golden Bull Award:
MSCI ESG Rating: "B" grade
The 2023 Golden Bull Most Investment - Value Award
The 26th Listed Company Golden Bull Award
- The 2023 Golden Bull Secretary - General Award
The 2024 Securities Star Capital Power Annual
Selection
-The Excellence Secretary - General Award
Company's Major Honors The 19th China Listed Company Board of
Directors Golden Round Table Award
- The Meritorious Secretary - General Award
The 18th China Listed Company Value Selection
• Awarded by the China Association of Listed Companies:
of the Securities Times
The "Excellent Practice Award" for the 2023 Annual Report - The Sunshine Secretary - General Award
The 2024 Securities Market Weekly Crystal Ball Award:
Performance Presentation of Listed Companies. The Most Investment - Value Listed Company Award
The 26th Listed Company Golden Bull Award
• High-tech Enterprise Recognition: - The 2023 Golden Bull Most Investment - Value
High-tech Enterprise Recognition: Several subsidiaries of Award
Weiming Environment Protection have been included in The 18th China Listed Company Value Selection
the "High-tech Enterprises Filing List for Recognition by of the Securities Times
The 18th China Listed Company Value Selection
the Zhejiang and Jiangsu Provincial Recognition Agency in of the Securities Times: The ESG Top 100 Award - The ESG Top 100 Award
Wenzhou Yongqiang Waste - to - Energy Co., Ltd. The 19th China Listed Company Board of Directors Golden Round Management Tianma Award of the Securities
Table Award: The Most Strategic - Vision Chairman Award
Times.
Ruian Weiming Environment Energy Co., Ltd.
Weiming Environment Equipment Group Co., Ltd. The 2024 Securities Star Capital Power Annual
Selection
Yuhuan Weiming Environment Energy Co., Ltd.
- The Outstanding Listed Company Award
Yongkang Weiming Environment Energy Co., Ltd.
Cangnan Weiming Environment Energy Co., Ltd. The 2024 Securities Market Weekly Crystal Ball
Award
Wenzhou Weiming Environment Energy Co., Ltd.
- The Most Investment - Value Listed Company
Kunshan Lucheng Waste-to-Energy Co., Ltd. Award
• Innovative Enterprise in the Biomass Power Generation The 19th China Listed Company Board of
Industry: Directors Golden Round Table Award
Weiming Environment Protection has been recognized as - The Outstanding Board of Directors Award
"2024 Top 10 Innovative Enterprises in China's Biomass The 19th China Listed Company Board of Directors Golden Round
The 15th Listed Company Investor Relations
Management Tianma Award of the Securities Times
Power Generation Supply Chain" Table Award: The Outstanding Board of Directors Award
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Sustainable Development Strategy and Management Structure
Stakeholder Engagement
Materiality Analysis
Sustainable Development
& Corporate Value Creation 02
Sustainable Development & Corporate Value Creation
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Nomination Committee
Sustainable Development Strategy It is responsible for reviewing the structure, size and composition (including
and Management Structure
skills, knowledge and experience) of the Board of Directors ever y year
and super vising the implementation of the diversit y policy; making
Strategy Report recommendations to the Board of Directors regarding the appointment,
Manage reappointment, or adjustment of directors; submitting suggestions for
Weiming Environment Protection deepens the systematic construction of its ESG system, enhancing accountability
the appointment and reappointment of senior management personnel;
transparency through refined management and information disclosure mechanisms. Weiming establishes a collaborative
evaluating the qualifications and capabilities of candidates to ensure a fair
development model for its environmental governance, equipment manufacturing and new energy materials businesses,
and transparent process.
improving resource efficiency through full lifecycle management.Weiming promotes the R&D of low-carbon technologies Board of Directors
and closed-loop clean production, accelerating its transformation into an international green technology service provider It is responsible for ap-
and striving to become a benchmark for sustainable development in the industry. Audit Committee
proving and supervising
Management Structure the Company's over-
Report
Responsible for reviewing the company's financial reporting procedures,
all strategy and deci- risk management and internal control systems, overseeing internal and
Weiming Environment Protection has established a four-tier ESG governance structure of "strategic decision-making, sions, approving the Manage external audit work, handling other financial and accounting matters and
supervisory evaluation, systematic management and operational execution". Centered on the Board of Directors' Strategy annual business plan managing the company's relationship with external accounting firms.
and ESG Committee as the core decision-making authority, this framework coordinates with governance oversight entities and budget, evaluating
including the Audit Committee and the Remuneration and Appraisal Committee, etc.Through the cross-departmental ESG the Company's perfor-
Working Group's coordination mechanism, the system vertically integrates key operational nodes spanning production mance and supervising Strategy and ESG Committee
management, technological R&D and supply chain collaboration. This vertically integrated structure establishes an end- the implementation of
It studies and puts forward suggestions on the Company's sustainable
to-end governance cycle encompassing "strategic interpretation, process monitoring, performance assessment and work by the Company's Report development (ESG) strategic planning, objectives and policies; is responsible
continuous optimization", achieving closed-loop management across all operational tiers. management. Manage for implementing the ESG strategy of the Board of Directors, reviewing ESG
risks and opportunities in light of changes in the macro environment and
Zhejiang Weiming Environment Protection Co., Ltd. business operations, continuously improving the ESG management level and
enhancing international competitiveness; coordinating and promoting the
General Meeting of Shareholders implementation of various ESG work tasks.
Supervisory Board
Board of Directors Report Remuneration and Appraisal Committee
Manage
Secretary of the Board of Directors
After obtaining the authorization of the Board of Directors, it determines the
remuneration packages of the Company's directors, supervisors and senior
management personnel in combination with performance assessment
Nomination Committee
President's Office
Appraisal Committee
Remuneration and
standards. It also reviews the Company's equity incentive plan and employee
Strategy and ESG
Audit Committee
Committee
stock ownership plan.
Environment
Company Departments Equipment Group New Energy Group
Protection Group
Office of the Nomination, Remuneration
Securities and Legal Affairs Department
Human Resources and Public Relations
Planning and Information Department
Subsidiaries of the New Energy Group
Subsidiaries of the Equipment Group
Office of the Investment Committee
Planning and Finance Department
Subsidiaries of the Environment
Office of the Strategy and ESG
Office of the Audit Committee
Internal Audit Department
and Appraisal Committee
Investment Department
Marketing Department
Protection Group
Department
Committee
Office
Note: Company organizational structure as of December 31, 2024.
Sustainable Development & Corporate Value Creation
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Stakeholder Engagement
Weiming Environment Protection has established an efficient and standardized stakeholder communication mechanism.
According to relevant research, the Company's main stakeholders and their key focus issues are as follows:
Main Stakeholders Key Focus Issues Response Measures Main Stakeholders Key Focus Issues Response Measures
• Corporate Governance
• Shareholders' Meetings • Energy Management • Complying with Laws and
• Earnings Briefings • Risk and Compliance Management Regulations
• Information Disclosure • Investor Exchanges • Water Resources Management • Paying Taxes Actively
Government and Regulatory
• Risk Management • Official Website • Anti-commercial Bribery and Anti- • Supervision and Inspection
Shareholders and Investors Authorities
• Shanghai Stock Exchange E corruption • Carrying out Green Businesses
Interactive Q&A • Addressing Climate Change
• Environmental Compliance
• Rural Revitalization • Public Welfare Activities
Management • Marketing Training Social Organizations and Non- • Social Contribution • Volunteer Services
• Green Products • Customer Feedback and governmental Organizations
• Product Safety and Quality Handling
• Innovation-driven • Customer Satisfaction Surveys
Customers
• Anti-commercial Bribery and Anti- • Building an After-sales Service
• Supply Chain Security • On-site Investigations
corruption System
• Compliance and Risk Management • Participating in Industry Exchanges
• Compliance and Risk Management
• Anti-commercial Bribery and Anti- • Improving Supply Chain
Suppliers
corruption Management
• Employee Training
• Employee Rights
• Establishing Trade Unions and
• Employee Training and
Staff Representative Conferences • Energy Utilization • Information Disclosure
Development
Employees • Organizing Employee Activities • Data Security and Customer • Establishing Communication
• Employee Health and Safety
• Occupational Health Monitoring Media and the Public Privacy Protection Mechanisms
Sustainable Development & Corporate Value Creation
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Step 3: Double Materiality Assessment
Materiality Analysis
Based on the assessment data from Step 2, create a materiality matrix to determine the issues and their priorities for the
Company's 2024 ESG report.
The Company has established cooperation with external professional teams of sustainable development experts and
consultants to conduct the identification and evaluation of key ESG (Environment, Society and Governance) issuses which Impact Materiality Only Both Financial and Impact Materiality
serves as the scientific foundation for formulating short-term, medium-term and long-term sustainable development goals.
Double Materiality Assessment Method
Step 1: Context Analysis and Issue Identification
In the process of identifying the material issues for Weiming Environment Protection's 2024 ESG report and forming the
Impact Materiality
issue list, the Company takes the following factors into consideration: 29 19
• Policy Hotspots: Identify the domestic and international industry policy hotspots.
• ESG Standards: Refer to the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies- 16
Sustainability Report (Trial), the GRI Sustainability Reporting Standards (GRI Standards 2021), the International
Sustainability Standards Board (ISSB) IFRS S1, etc.
• ESG Rating Requirements: The focuses of ESG rating agencies such as Wind, Huazheng, S&P CSA, MSCI, etc.
• Highly Concerned Issues within the Industry: Refer to the highly concerned issues of industry partners. 4
• Highly Concerned Issues of Customers: Take into account the customers' focuses on ESG issues.
Neither Financial nor Impact Materiality Financial Materiality Only
Step 2: Impact Assessment Financial Materiality
Financial materiality assessment: Impact materiality assessment:
• An expert team from the company's internal finance • Dual evaluation of each issue's impact from the Step 4: Issue Identification, Analysis and Outcome Orientation
department evaluates the financial materiality of perspective of internal and external stakeholders.
each issue across two dimensions, with review and
GRI Specific Dimension of
validation required from multiple departments. Materiality issue Scope of Impact Risk Opportunity Standard Corresponding SDGs Management
Topic and Actions
- Dimension 1: Degree of Financial Impact - Dimension 1: Degree of Impact Upstream Company Downstream
Community
A comprehensive assessment of each issue's Stakeholder surveys assess the severity of impact,
of Value Chain Operations of Value Chain
impact on the company's current and anticipated using the scale: 1
Reduce carbon footprint, enhance
Climate Natural disasters and Environmental
√ √ √ √ corporate reputation and image, • Emission
financial condition, scored on the following scale: No impact, Minor impact, Moderate impact, Signific- Change energy instability Management
improve market competitiveness
No impact, Minor impact, Moderate impact, Signific- ant impact, Major impact, Critical impact. 2
Violation of emission-
ant impact, Major impact, Critical impact.
related laws and Improve environmental
Pollutant Environmental
√ √ √
- Dimension 2: Likelihood of Financial Impact
regulations, leading management to comply with laws • Emission
Emissions Management
to fines and financial and regulations
losses
- Dimension 2: Likelihood of Financial Impact Surveys also evaluate the probability of occurrence,
Evaluation of the probability of positive or negative scored as:
Risks of
pollution, financial
financial consequences, scored on the scale: No like- No likelihood, Very low likelihood, Low likelihood, Waste
√ √ √
burden and
Market expansion, technological
innovation and collaborative • Waste
Environmental
Management reputation damage, Management
lihood, Very low likelihood, Low likelihood, Moderate Moderate likelihood, High likelihood, Very high
alliances
requiring effective
preventive and
likelihood, High likelihood, Very high likelihood. likelihood.
responsive measures
Sustainable Development & Corporate Value Creation
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Dimension of GRI Specific Dimension of
GRI Specific
Materiality issue Scope of Impact Risk Opportunity Corresponding SDGs Management Materiality issue Scope of Impact Risk Opportunity Standard Corresponding SDGs Management
Standard Topic
and Actions Topic and Actions
Upstream Company Downstream Upstream Company Downstream
Community Community
of Value Chain Operations of Value Chain of Value Chain Operations of Value Chain
Facing risks such The instability of future
as environmental • Material product and service
Ecosystem and Through market expansion,
pollution, ecological Issues of Environmental supply, affecting the Helps improve the stability of • Procurement
Biodiversity √ √ √ √ degradation and
technological innovation and strategic
Non-double Management Supply Chain Company's normal product and service supply, Practices
√ √ √ Society
Conservation alliances
strained community Materiality 17 Security business operations promoting the healthy development • Supplier
relations and the sustainable of supply chain enterprises Evaluation
empowerment of the
supply chain
• Materials
Identify improvement and innovation • Water and
Environmental Potential environmental areas, reduce negative environmental Effluents
Environmental Long-term improvement of the
• Waste Management
Management penalties and competitiveness, improve Intellectual Intellectual property Company's competitiveness
corporate image and brand value • Energy 18 Property √ √ √ protection will bring higher and leadership in the industry Society
Protection financial and human costs and improvement of market
• Emissions performance
Identify and address risks and
Economic losses due • Energy
Energy opportunities in energy systems, Environmental
√ √ √ √ to energy waste and
improve efficiency, support Management Changes in the market
inefficiency • Emissions
sustainability and competitiveness environment, fluctuations
in consumer demand, Improve brand awareness
Responsible • Marketing
√ √ √ competitor strategies, and consumer trust, market
and Logo
Society
Water scarcity, poor introduction of new competitiveness and market share
• Material
water quality, stricter Policy support, technological technologies and revisions
Water Issues of Environmental
√ √ √ √ regulations, reputational innovation, market expansion, brand to regulations
Resource Use Non-double Management
damage, rising enhancement, economic benefits
Materiality
operational costs
Violation of relevant laws
Meet the requirements of relevant
Extra financial and labor • Material Data and regulations may bring
laws and regulations, protect the
Circular costs from innovation/ Long-term cost reduction through Issues of Environmental security and about compliance risks,
Economy
√ √ √ √ application of circular efficient resource use Non-double Management customer √ √ √ result in financial losses
personal rights and interests of • Customer
Society
customers and maintain the trust Privacy
technologies Materiality privacy such as fines and reduce
relationship between the Company
protection customers'trust in the
and customers
Company.
Additional costs for green
Break green trade barriers, explore • Materials
Green attributes and packaging Environmental
Products
√ √ √ Additional financial and
new markets, meet demand, boost • Water and
Management
competitiveness Effluents Promote cooperation and
human resource costs Equal
exchanges with small and medium- • Substantive
treatment Establish a fair and
sized enterprises, expand the Issues of
partner network and enhance the Non-dual
Society
medium-sized environment
• Customer Company's market competitiveness Importance
Product Safety Additional Financial and Improve user experience, enhance enterprises
√ √ √ √ Health and Society and innovation capabilities
Safety
Impact on corporate • Substantive
Higher financial and Strengthen long-term Reduce social operating costs
Social reputation and image, Issues of
Innovation-
√ √ √ human resource costs competitiveness, adapt to market Society
Contribution
√ √ additional financial and
and promote high-quality social
Non-dual
Society
Driven development
due to innovation trends, enhance performance human costs Importance
Poor customer relations
Customer Drive business growth, unlock new • Customer
may lead to churn Impact on corporate
business opportunities, boost Health and Society reputation and image
Management performance Safety • Substantive
performance Organizing community Reduce social operating costs
Rural Issues of
Revitalization
√ √ participation activities, and promote high-quality social
Non-dual
Society
community donations, development
Occupational Poor OH&S negatively • Occupational Importance
Improve employee well-being, sense etc. may bring additional
of belonging and productivity
Health and Society financial and human costs
Safety relations Safety
• Employment Improve the overall corporate
governance level, enhance internal
• Diversity 24 Corporate √ √ √ √ Governance limitations cohesion, reduce ESG-related
• Industrial
Governance
& Equal Governance Relations
risks and promote the long-term
Opportunity
development of the Company
• Non-
Compliance risk, discrimination
Employee Improve satisfaction, relations,
reputational impact, • Freedom of Reduce the Company's A sound risk management system
productivity; reduce supply chain risk; Society Compliance
Welfare build responsible brand Association risk response capabilities, may effectively enhance the • Policy
productivity and Collective 25 and Risk √ √ √ √ financial losses, legal issues Company's resilience in a risky Commitment
Governance
Management
Bargaining and reputation risks, etc. environment
• Child Labor
• Forced or Maintaining high levels of business
Anti- Legal issues, sanctions,
Compulsory ethics and compliance increases
Labor 26 commercial √ √ √ √
financial losses,
customer and investor trust,
• Anti-
Governance
bribery and reputational damage and corruption
enhances reputation and reduces
anti-corruption loss of clients and investors
legal and financial risks
Talent Attract diversity, support sustainable • Training and
Development
√ Affects productivity
growth Education
Society
Risks of legal compliance,
• Anti-
market order, business Policy support and improved
competitive Governance
Risks such as competition reputation and technical market environment
Behavior
cultural conflicts means
and communication
barriers, the
complexity of training Deterioration of business
Increase company transparency,
and development Stakeholder partnerships, stock • Stakeholder
Policy support, innovation, market • Non-double 28
communication √ price fluctuations and
enhance investor trust and stabilize
Engagement
Governance
and Diversity
√ complex adjustments
expansion, brand and economic gains Materiality Society shareholder dissatisfaction
stock prices
from diversity Issue
of incentive and
compensation systems,
challenges in employee Understand the market
Market changes,
relations management environment, consumer needs,
fluctuations in consumer
and compliance with competitor strategies and
Due demand, competitive
regulations. diligence
√ √ pressure, technology
technology trends to optimize Governance
marketing strategies and enhance
introduction and regulatory
market competitiveness and brand
compliance
value
•
•
Optimizing Corporate Governance Structure
Investor Relations Management
•
•
Risk and Compliance Management
Business Ethics
Improving Governance
Structure to Strengthen the
Foundation for Development 03
Improving Governance Structure to Strengthen the Foundation for Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Optimizing Corporate
Governance Structure
The Company strictly adheres to the Company Law, Securities Law and relevant regulations through its robust "Three-Tier Board of Directors
Governance Structure" (Shareholders' Meetings, Board of Directors and Supervisory Committee), which ensures sound
decision-making, effective oversight and strong shareholder protection. Directors and supervisors faithfully perform their The Board of Directors, accountable to the General Meeting of Shareholders, consists of four specialized committees: Audit,
duties while management executes strategies efficiently, maintaining full compliance across all operations. Nomination, Remuneration and Appraisal and Strategy and ESG. Each committee has clear working rules, structures and
responsibilities and regularly reports to the Board to ensure company operations are standardized and effective.
During the reporting period, the Company revised the Working Rules of the Audit Committee of the Board of Directors , and
Corporate Governance Structure Chart
formulated three dedicated governance systems: the Regulations on the Selection and Appointment of Accounting Firms ,
the Management System for Financial Derivatives Trading , and the Working System for Special Meetings of Independent
Zhejiang Weiming Environment Protection Co., Ltd.
Directors . These measures aim to standardize capital market operations and improve the Company's risk management
framework. In addition, the Company issued the Announcement on "Improving Quality and Efficiency, Enhancing Returns",
General Meeting of Shareholders Remuneration and Appraisal Committee which details the synergistic development of its three core business segments - environmental governance, equipment
manufacturing, and new energy materials - along with proactive measures in shareholder returns and corporate governance.
Board of Supervisors
Nomination Committee This demonstrats a firm commitment to enhancing operational quality and delivering value to shareholders.
Board of Directors
Board Secretary Strategy and ESG Committee
Audit Committee During the reporting period
President's Office
The Company's Board comprises 9 members: 3 independent, 5 executive, and 4 non-executive directors.
The board members actively fulfilled their duties during the reporting period, with no instances of absence from
Environment
Corporate Departments
Protection Group
Equipment Group New Energy Group board meetings or delegation of attendance to others.
Governance by the "Three Committees"
Directors had 100% attendance at 10 meetings, passed 36 resolutions, and the average tenure was 6 years.
General Meeting of Shareholders
The General Meeting of Shareholders(GMS), as the supreme authority of the
Company, is vested with the legal right to make decisions on major corporate
matters. Its core functions include reviewing and approving key matters such as During the reporting period Board of Supervisors
business strategies, investment plans, fund-raising schemes, profit distribution
plans.Additionally, the GMS is responsible for electing and supervising the Board The Company held ONE The Company's Board of Supervisors, acting with deep accountability to all shareholders, rigorously executes its supervisory
of Directors and the Board of Supervisors and reviewing their work reports. By Annual General Meeting of mandate. It oversees the Board of Directors and management to ensure sound corporate governance and protect the
ensuring alignment of shareholder interests, corporate governance accountability Shareholders legitimate interests of the Company and its shareholders.
and sustainable growth objectives, the GMS serves as a cornerstone of corporate
governance , fostering transparency, stakeholder trust and long-term value
Adopted 12 motions
creation under the guidance of ESG principles.
During the reporting period
Among them, there were
from minority
Improving Governance Structure to Strengthen the Foundation for Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Board of Directors' Audit Oversight
and Remuneration Evaluation Board Diversity
To strengthen the effectiveness of audit oversig- The Company integrates board diversity into its strategic governance, aiming to build a composite board model with
ht, the Audit Committee, in accordance with the "professional complementarity, experience synergy, and multidimensional balance." Member selection is guided by a "three
During the reporting period
Working Rules of the Audit Committee of the B- - dimensional capability assessment matrix," covering cross - industry expertise, composite professional qualifications, and
oard of Directors , diligently performs key respo- The Audit Committee comprises 3 directors , 2 of whom multicultural perspectives.
nsibilities such as supervising and evaluating
both internal and external audits, reviewing
are independent ( 66.67%) Gender equality is a key ESG practice. One - third of the independent board members are female. This enriches strategic
the Company's financial information and its decision - making and aligns with the UN SDGs.
Total number of Audit Approved the following
disclosure, and overseeing and assessing the
Committee meetings motions:
Company's internal control systems.
held: 4 12 items Board Independence
To achieve scientific and standardized compensation management, the Company has developed and implemented the During the reporting period, the Board had 9 members, including 3 independent directors, reflecting the Company's emphasis
Working Rules of the Remuneration and Appraisal Committee of the Board of Directors . In the management of director and on governance independence and professionalism. Independent directors, with expertise in accounting, law, and industry,
executive compensation, the Company focuses on the close linkage between incentives and performance, the reasonableness provided valuable input, promoting standardized Board operations and informed decision-making.
and fairness of compensation levels, and the transparency of the compensation system.
Independent directors strictly comply with the Working System for Independent Directors , attending shareholder meetings,
board meetings, and specialized committee meetings in line with legal requirements. At these meetings, they uphold the
principles of objectivity and fairness, expressing independent opinions that serve as critical reference for corporate governance
The Remuneration and Appraisal Committee devises compensation plans
Compensation Plan and major decisions, effectively safeguarding the legitimate rights and interests of the Company and all its shareholders.
Formulation Stage for directors and senior executives based on their responsibilities and market
benchmarks. These plans encompass performance evaluation criteria,
procedures, frameworks and incentive/disciplinary measures.
Case
The Committee annually appraises directors' and senior management's In 2024, Weiming Environment Protection, an industry leader, held multiple management trainings to explore
Performance
performance. These individuals submit work reports and self - assessments. ESG's impact on operations, living environments, and social progress. These efforts aim to enhance governance
Evaluation Stage
The Committee evaluates their performance against set criteria and proposes and social responsibility fulfillment, driving the Company's ongoing progress in ESG.
remuneration and incentives based on results and policies. After voting
approval, the proposal is submitted to the Board.
The Committee oversees the Company's compensation system. The HR
Compensation System
Oversight Stage Department, following the Board-approved plan, handles salary payments
to ensure timely and full disbursement. The Committee monitors the plan's
implementation, regularly reports to the Board and suggests improvements
based on performance to optimize compensation management.
Improving Governance Structure to Strengthen the Foundation for Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Investor Communication
Investor Relations Management
During the reporting period
The Company communicates its business philosophy, development Organised on-site reception and
achievements, and future strategies to investors through multi- research activities:
The Company strictly comply with relevant laws, regulations, and regulatory requirements, continuously improving the channel engagement activities, enhancing investor understanding
Articles of Association and the Investor Relations Management System. These measures provide clear standards and and recognition. It regularly organizes online and offline institutional 11 times
guidelines for information disclosure and investor relations management, ensuring the compliance and effectiveness of research tours, and after releasing periodic reports, holds conference Investor conference calls:
related activities. Furthermore, they establish clear and convenient communication channels and information platforms for calls and per formance briefings to interact with investors and
shareholders and potential investors. address their questions. Meanwhile, the Company participates in
Protection of Investor and Shareholder Rights
securities firms' strategy meetings and responds to retail investors' Par ticipated in of fline brokerage
inquiries via the SSE E-Interactive Platform, hotline, and email. strategy meetings:
Additionally, it proac tively engages with major shareholders
The Company has consistently prioritized the protection of investor and shareholder rights. To safeguard the interests of
and potential investors to foster long-term partnerships, while
minority shareholders, it has implemented multiple measures to enhance their participation accessibility, including: maintaining daily communication with retail investors to narrow Pa r t i c i p a t e d i n f u n d c o m p a n y
the distance and strengthen the foundation of investor relations roadshows:
shareholders and the Board/senior management. management. 22 sessions
The Company communicates with investors through multi- channel
, and online voting), to fully ensure minority investors' rights to participate in major decision-making.
ac tivities like research tours, conference calls, and strateg y 51 items
meetings. It uses the SSE E - Interactive Platform, hotline, and email
During the reporting period, the Company standardized related - party transaction management by updating its related - party Held performance briefings:
to respond to inquiries. In the reporting period, it hosted three "I
list and ensuring timely disclosure. It also revised and enhanced its independent director management procedures as per
regulatory requirements to improve corporate governance.
Am a Shareholder" events with securities firms to enhance investor 3 times
relations.
Shareholder Dividends
The Company's management has long focused on shareholder returns, actively providing value to shareholders through
various means. In recent years, the Company has maintained a stable dividend policy, distributing cash dividends of 169
million RMB (before tax), 256 million RMB (before tax), and 424 million RMB (before tax) for the fiscal years 2021 to 2023, all
of which accounted for more than 10% of the annual net profit attributable to the parent company. In the first quarter of 2024,
the Company implemented and completed a share repurchase of 10,625,470 shares, utilizing a total of RMB 179.98 million in
funds, further enhancing investor confidence in the Company's future development.
Information Disclosure
During the reporting period
The Company actively fulfills its information disclosure obligations, Prepared and completed disclosure
ensuring that the content of announcements is accurate, free from of interim announcements:
misleading statements or omissions. The Company publishes visual
summaries of regular reports via WeChat public account and uses 94 items
video presentations during performance briefings to strengthen
its connection with investors, showcasing the diversification and Completed the disclosure of the
innovation in its information disclosure. 2023 annual report, 2024 Q1 report,
Q3 report.
Improving Governance Structure to Strengthen the Foundation for Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Risk and Compliance Management Risk Process Management
Weiming Environment Protection has established a systematic risk management mechanism. Through regular reporting and
Risk Management
communication of risk management outcomes, it effectively prevents and mitigates risks, ensuring closed - loop management
and providing a basis for strategy formulation.
Risk Management Framework Risk Management Links Corresponding Measures
Weiming Environment Protection has established a comprehensive risk management organizational structure and successfully Adopt methods such as research interviews, structured analysis, checklist
implemented a "three lines of defense" system for systemic risk management. The Company has effectively put in place Risk Identification Method comparison, scenario analysis, sensitivity analysis, expert consultation, and policy
collaborative management and root-cause management mechanisms, ensuring the efficient operation of the risk management analysis.
framework and providing strong support for the Company's stable development. Conduct integrated analysis of aspects including macro-economy, policies and
Risk Identification Dimension regulations, market conditions, technological innovation, financial situation,
human resource allocation, management measures, and information reporting.
First Line of Defense Second Line of Defense Third Line of Defense Framework strategy, market, operation, finance, and law.
Business Departments Risk Management Function Supervisory Department
Department Based on the likelihood of risk occurrence, the degree of impact, and controllability,
• Directly involved in the • Independent of business and Risk Assessment Basis
combined with the risk management concept and the level of risk acceptance.
identification, assessment, • Develop risk management risk management functions.
and control of risks in daily strategies, policies, and
• Provide independent
operations. processes. Risk Assessment Method Qualitative analysis, quantitative analysis, and combined analysis.
oversight and feedback on risk
• Implement specific risk • Supervise the implementation management, and regularly
control measures within of risk management system report to the board of directors Four risk control strategies, namely avoidance, transfer, mitigation, and acceptance,
Risk Control Strategy
various business processes to requirements across and senior management. have been formulated.
ensure that risks are effectively departments and provide risk
managed and controlled. management support and For major risk events, formulate and implement risk response plans, and adopt
guidance to business units. Risk Response Measure strategies such as emergency response, recovery response, remedial response, and
preventive response.
According to the results of internal risk investigations and internal control audits,
and in combination with external risk cases and the monitoring of internal
Actions during the Reporting Period
institutional processes, prepare the Company's annual internal control evaluation
report.
During the reporting period, the Company convened the 4th meeting of the 7th
Board of Directors, which identified 5 key risks across 19 critical control areas in the
Achievements during the Reporting
internal control evaluation report and formulated corresponding control measures.
Period
These measures were subsequently implemented by respective business
departments after approval from senior management.
The Company has established risk control measures across fund management, safety management, environmental
protection, and production operations. Through risk case education and training, it promotes risk awareness among
employees. Clear communication channels like the General Manager's mailbox and hotlines enable employees to report
risks, which are then promptly addressed.
Improving Governance Structure to Strengthen the Foundation for Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Internal Control and Audit Tax Transparency
Weiming Environment Protection has established a comprehensive internal control management system in accordance The Company adheres to tax laws, pays all taxes promptly, and is committed to tax compliance, disclosing information
with the requirements and standards outlined in the Basic Norms for Enterprise Internal Control and related guidelines. The to tax authorities as needed. It prohibits tax evasion and manages tax costs and risks under the finance department and
Company has also developed the Inspection Work Management System to further standardize internal control standards Audit Committee's supervision. The Company also applies for government tax incentives to support innovation and R&D,
and processes, ensuring that every aspect of the Company's operations is guided by clear rules and is compliant and orderly. reporting its tax responsibilities and preferences transparently in its reports.
During the reporting period, the Company focused on deepening internal control management in the following areas:
Business Ethics
Specific Areas Detailed Content
Improve the internal control system according to relevant regulations, and establish The Company is committed to achieving strategic upgrades by constructing a multi-dimensional governance system,
Internal Control System Construction multiple policies to clarify internal control standards and processes, ensuring continuously strengthening governance effectiveness and core competitiveness, and promoting the high-quality
compliance and order in the Company's operations. development of the enterprise.
Enhance the Company's articles of association, revise and establish certain
Governance System Improvement corporate governance policies, ensuring a sound governance structure and Anti-corruption and Anti-bribery
transparent, standardized operations. Management System and Regulations
Actively foster an internal control culture, creating a positive environment via
Internal Control Culture Construction
diverse means to strongly support the Company's sustainable development. Weiming Environment Protection integrates anti-corruption into its core operations, strictly adhering to Chinese
laws. We've established robust internal controls and Anti- corruption Management Regulations governing all
Focus on key areas for special governance, improving management efficiency and business conduct. Regular integrity training and audits reinforce compliance standards, while our zero-tolerance
Special Governance
reducing operational risks through process optimization and other measures. polic y ensures imme diate ac tion agains t violations . These measures maintain ethical oper ations , suppor t
sustainable growth, and uphold our reputation as a trustworthy enterprise committed to clean business practices.
Anti-corruption and Anti-unfair Competition
Internal Audit Internal Control System
The Company enforces a zero-tolerance anti-corruption and anti-unfair competition policy, backed by concrete measures:
In accordance with relevant regulations such as the General
Company Law of the People's Republic of China, Audit Meeting of Shareholders (1) Internal Audits: An independent audit team ensures compliance with laws and internal rules through regular financial and
Law of the People's Republic of China, and the Company's Board of Supervisors operational reviews.
Articles of Association , and in combination with the actual Board of Directors
(2) Training Programs: Regular sessions on clean governance and workplace ethics, aligned with corporate policies, educate
situation of the Company, the Company conducts various all employees.
internal audits of projects every year to ensure that all The Board of Directors shall
establish, implement, and (3) Reporting Channels: Secure, anonymous whistleblowing systems protect reporters while addressing violations.
business activities can strictly comply with the relevant
assess the effectiveness of
internal control systems and management measures. (4) Supplier Integrity: Partners must sign integrity pledges, committing to ethical collaboration and corruption prevention.
the internal control system
During the reporting period, the Company continuously
in line with the Enterprise
strengthened the supervisory function of the internal audit Internal Control Standard
department, significantly improving the efficiency and The Board of Supervisors
System.
shall supervise the inter- During the reporting period
effectiveness of its supervision over the implementation of
nal control system estab-
internal control-related systems. No corruption or bribery in all procurement activities.
Audit Committee lished and implemented
by the Board of Directors.
The Audit Committee, comprising 3 directors with two-
The Audit Committee shall Number of Participants in Anti-corruption and Business Ethics Training:
thirds being independent, oversees internal control
supervise and evaluate the
systems and reports to the Board. During the period, the Board of Directors Senior Management Middle Management Ordinary Employees
Company's internal audit
Company conducted internal audit training to enhance the
system and its implemen- 9 people 207 people 490 people 1,035 people
department's capabilities and standards.
tation.
Improving Governance Structure to Strengthen the Foundation for Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Reporting and Supervision Mechanism
The Company operates a centralized reporting system with an email, hotline, and postal address for reporting corrupt
activities like bribery, extortion, fraud, and money laundering by employees and stakeholders. A Supervision and Audit
Department oversees these channels, maintaining confidentiality. Anti-corruption policies protect whistleblowers from
retaliation, and violations may result in dismissal or legal action. No corruption reports were filed in 2024.
Reporting Channels
• Reporting Hotline: 0577-86056018-6389
• E-mail: wmhbnsb@cnweiming.com
• Offline Reporting Channels:
Each subsidiary company is required to publicly
display the internal audit super vision and
repor ting channels for a long time in office
areas such as the cafeteria and the bulletin
board.
•
•
•
•
Optimizing Environmental Management
Energy Utilization
Response to Climate Change
Treatment of Three Wastes
•
•
•
Water Resources Utilization
Circular Economy
Biodiversity
Protect the Ecological
Foundation & Create a
Green Future 04
Protect the Ecological Foundation & Create a Green Future
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Weiming Environment Protection Energy Management Measures
Optimizing Environmental Management
Optimize Energy Efficiency
The Company complies with environmental laws and follows a principle of conserving energy, reducing consumption,
• Phase out outdated electrical equipment; install industrial variable frequency drives (VFDs) for high-power motors to reduce
emissions, and improving efficiency. It has established management documents for all environmental factors and
consumption.
implements these systems in operations to effectively control environmental risks. The Company has formulated internal
• Retrofit cooling fans on boiler auxiliary burners to lower plant electricity usage.
rules and regulations such as the Management Measures of Three Wastes（Wastewater, Waste Gas, and solid waste)
• Strengthen wastewater and overflow control to minimize rainwater pump operation, cutting power consumption.
to standardize environmental management work and ensure that wastewater, waste and noise emissions comply with
• Deploy waste heat-to-power systems, converting excess heat from waste incineration into electricity to improve overall
national and local environmental protection laws and regulations. In accordance with the Management Measures for the
energy efficiency.
Legal Disclosure of Corporate Environmental Information promulgated by the Ministry of Ecology and Environment（MEE）,
the Company prepares annual and interim reports on the law-based disclosure of environmental information as required,
and uploads them to the enterprise environmental information law-based disclosure system within the specified time limits
Daily Management
respectively.
• Optimize operational parameters to enhance efficiency and reduce energy consumption.
In 2024, Weiming Environment Protection's 30 subsidiary companies were audited and certified under ISO 14001 • Promote double-sided printing, regulate AC temperatures, and enforce "lights-off" policies to minimize office energy use.
Environmental Management System, with an increased compliance rate. New and ongoing projects are also actively pursuing
ISO 14001 environmental management system construction.
Energy Training Sustainable Procurement
Based on the results of the environmental risk assessment, the Company continuously optimizes the Contingency Plan for
• Ongoing energy efficiency training for employees and • Integrate equipment energy consumption management
Environmental Emergencies, establishes an efficient and orderly emergency response mechanism, and comprehensively
management strengthens corporate conservation into procurement processes, prioritizing low-energy
inspects and equips necessary emergency facilities and rescue materials. The Company identifies environmental hazards,
culture. and eco-friendly devices.
assesses risks, and implements control measures to address pollution and climate disasters. It also conducts emergency drills
and safety training to improve employee response and ensure rapid, effective risk management, safeguarding employee safety
Case Innovative Utilization of Energy in Indonesia High-grade Nickel Matte Project
and operational stability.
Energy Utilization
Weiming Environment Protection's Jiaman Indonesia High-grade
Nickel Matte Project, now in trial production, features an advanced
waste heat power generation system to enhance energy conservation
and efficiency. The system recycles high-temperature flue gas and
The Company primarily acquires clean energy (electricity, steam) via WTE operations, supplemented by municipal grid
waste heat from production, driving a steam turbine to generate
purchases and rooftop PV systems. Each Project Company continuously optimizes energy structures and environmental safety
electricity. This system is integrated with the production line,
to steadily increase green/low-carbon energy share.
collecting waste heat from various processes and maximizing its
value. It improves the project's power self-sufficiency and reduces
Environmental Impact Analysis of Each Segment of the Company grid dependency and electricity costs. At full capacity, the system is
projected to produce about 80 million kilowatt-hours annually, cutting
Business Types Energy Usage Types carbon dioxide emissions by approximately 80,000 tons compared to
coal-fired power generation.
Incineration Disposal Natural gas, diesel, electricity, etc.
Wastewater
Electricity, etc. During the reporting period, the Project Companies
Treatment
under Weiming Environment Protection actively Case Continue to Add New WTE Projects to Promote Sustainable Dvelopment of Carbon
Landfill Disposal Electricity, diesel, gasoline, etc. Emission Reduction
carried out energy-saving and consumption-
reduction activities in accordance with the In 2024, the Company launched 7 new waste-to-energy (WTE) projects, with a combined daily capacity of 3,500
Kitchen Waste
Electricity, steam, etc. Measures for Climate Change Response issued by
Disposal tons. Once fully operational, these projects are projected to cut annual CO2 emissions by approximately 350,000
the Company and promoted effective energy-saving tons. By year-end, the Company's portfolio included 55 WTE projects, 3 of which were in trial operation, with a
Office Operations Electricity, gasoline, etc. measuresed on their own circumstances. total daily capacity of around 37,000 tons. These projects are expected to reduce CO2 emissions by about 4.5
Waste Collection and million tons annually compared to traditional coal-fired power plants.
Electricity, diesel, gasoline, etc.
Transportation
Protect the Ecological Foundation & Create a Green Future
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Climate-Related Risks and Opportunities Matrix
Response to Climate Change High
Sustainable Energy
Severe Natural
The Company monitors global climate trends and domestic policies, including the Measures for the Administration of Weiming Environment Protection has developed a comprehe- and Waste Disposal
Degree of Impact of Risks and Opportunities
Factors
Solutions
Greenhouse Gas Voluntary Emission Reduction Trading (for Trial Implementation) and the energy "Dual-Control" Scheme. nsive climate risk management system that identifies risks in
In response, it has implemented the Measures for Climate Change Response to enhance climate mitigation efforts and three key areas:
New Material
reduce GHG emissions across the Company and its subsidiaries. Market Risks
Transformation
Natural disasters, market volatility, and reputation. It also
Governance Strategy focuses on opportunities in low-carbon business growth,
green technology innovation, and resource efficiency. The Transformation of
The Company has established a climate change managem- The identified GHG emissions mainly come from indirect Consumer Behavior
company uses this framework to assess operational and
ent structure of "Board of Directors-Strategy and ESG Com- GHG emissions generated by purchased electricity, auxiliary
financial impacts and integrates climate factors into its risk
mittee-Strategy and ESG Committee Office-Business Work- production coal, natural gas, etc.
management and strategic planning, aiming to advance
ing Group" in accordance with the Measures for Climate Reputational Risks
W e i m i n g E n v i ro n m e n t P rote ct i o n h a s fo r m u l ate d a corporate sustainabilit y and suppor t national carbon
Change Response to ensure that climate-related issues are
clear management strategy to respond to the risks and reduction targets.
included in the Company's strategic decision-making and
opportunities of climate change by improving resource Medium Probability of Impact of Risks and Opportunities High
business operations, enabling effective governance and
utilization efficiency, information disclosure, and developing
implementation.
and using clean energy.
Climate-related Climate-related
The Board of Directors coordinates the Company's climate
Risks Opportunities
Among them, in terms of improving resource utilization
change response and low-carbon strategies, bearing
efficiency, the Company reduces GHG emissions and
final decision-making and supervisory duties to integrate
climate management into the core business.
improves resource utilization efficiency through technological • Financial Impact Analysis of Climate Risk
innovation models and implementation of scientific
The Strategy and ESG Committee is tasked with reviewing, management measures.
Potential
assessing and monitoring key ESG-related issues like The Company, using its environmental protection strengths, Type Level Specific Description Countermeasures
Financial Impact
climate change, covering objective planning, policy develops and deploys various clean energy solutions. It
creation, implementation, risk evaluation, performance has implemented rooftop photovoltaic projects at Weiming Weiming Environment Protection Enrich information disclosure
measurement and information disclosure. Equipment Group's factory and Yongjia Sewage Treatment specializes in waste-to-energy and Operating channels, publish special re -
Plant, covering 33,000 square meters with a 5,600kwp Reputation risk M waste treatment. Classified as eco- income ↓ ports in industry forums, share
The Strategy and ESG Committee Office is responsible
capacity. These projects can generate up to 5.45 million kWh sector but listed as key polluter, Credit risk ↑ the Company's green cases, and
for the overall management planning, guidance and
annually. In 2024, its photovoltaic projects produced 3.60 facing reputational risks. strengthen company publicity.
supervision of the Company's climate change response
million kWh of clean electricity.
efforts, and shall report work progress to the Committee at Develop emergency plans for
least once a year. floods, typhoons, and high tem-
Project companies in the southeast
Severe peratures, and conduct regular
coastal area face typhoons, heavy Operating
training to improve disaster pre-
natural M rains, and extreme heat, which may income ↓
Impact, Risk and Opportunity Management paredness. Provide heat relief for
cause property damage, business Credit risk ↑
factors employees and enhance equip-
closures, and income losses.
• Identification: ment cooling with increased in-
The Company identified three climate-related risks and three opportunities with reference to the internationally accepted spections and maintenance.
disclosure framework for addressing climate change. To comply with stricter environmen- Establish dedicated teams or
Operating
• Assessment: tal policies, the company must imp- engage external experts to mon-
income ↓
Based on the Company's fundamentals, the Company assesses climate-related risks and opportunities in combination lement technical reforms, upgrade itor and report on environmental
with the opinions of internal and external experts.
Market risk M Operating costs ↑
production equipment, and invest policies, while conducting regu-
Fixed asset
• Analysis: more in R&D for energy-saving and lar staff training to ensure com-
value ↓
Based on the assessment results, a climate-related risk and opportunity matrix is constructed, and the priority of risks and eco-friendly facilities. pliance and avoid penalty costs.
opportunities is determined in combination with the probability and impact of risks and opportunities.
*M:Medium
Protect the Ecological Foundation & Create a Green Future
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Indicators and Goals
The Company has set greenhouse gas (GHG) management goals to achieve initial decarbonization by 2030 and deep
decarbonization by 2060.
• Financial Impact Analysis of Climate Opportunities • Company Climate Change Management Goals
Potential
Type Level Specific Description
Financial Impact Prelimina r y Deca rbonization Sta ge
Sustainable energy: Reduce GHG emissions, practice the concept of circular development, strengthen
With the gradual reduction of fossil fuel reserves and the increasing the support of scientific and technological innovation, promote the empowerment
From N ow to 2030
awareness of environmental protection, clean energy such as solar of digital technology, drive the transformation of the energy structure, improve
energy, geothermal energy, wind energy, etc. are growing rapidly energy utilization efficiency, and create a green and low-carbon supply chain.
and are expected to become the dominant energy in the future.
Su sta ined Deca rbonization Period
Under the background of the above energy transformation, Weiming
Fully realize the empowerment of digital technology, significantly increase the use of
Environment Protection has effectively replaced the traditional
clean energy, carry out near-zero-carbon construction in the factory area, enhance
power grid power supply dominated by thermal power generation by From 2031 to 2040
Sustainable carbon-negative technology, and ensure that the main purchased raw materials meet the
using the heat energy generated by garbage incineration to generate
energy and waste Operating Company's carbon emission reduction targets.
H electricity, thereby significantly promoting the reduction of GHG
management income ↑
emissions. Deep Deca rbonization Period
solutions
Comprehensively apply clean energy and promote the application of relatively
Waste treatment:
From 2041 to 2060
mature carbon-negative technologies, and strive to achieve carbon neutrality.
Relying on its rich experience in solid waste treatment and the
advantages of the entire industrial chain, the Company actively
develops waste treatment processes and engages in waste treatment
business. Through industry-leading R&D capabilities and technical
• Weiming Environment Protection Carbon Reduction Path Planning
levels, complex and diverse general wastes are harmlessly treated to
eliminate environmental pollution hazards.
Under the active promotion of government policies in various 01 02
countries, the new energy vehicle market is ushering in its rapid
Establish a GHG accounting mechanism to Carry out GHG accounting work, regularly monitor and report GHG emissions,
de velopment stage. Looking to the future, with the further
determine the GHG emission baseline. and formulate carbon targets.
improvement of new energy vehicle performance, the further
reduction of production costs, and the enhancement of public
Transformation Operating
H environmental awareness, these factors will continue to promote the
of new materials income ↑
expansion of the new energy vehicle market. The Company has made
forward-looking strategic layout in the field of new energy power 03 05
battery materials. It will make full use of new market opportunities
Through technological innovation and the implementation of scientific management measures, Explore and invest in
and closely follow the development trend of the new energy vehicle
reduce GHG emissions and improve resource utilization efficiency.
industry to meet the growing market demand. carbon offset projects
and participate
in carbon market
As consumers' environmental awareness increases, WTE has gradually transactions to
Changes in Operating
consumer M
become popular due to its advantages such as high efficiency,
environmental protection, and resource recycling. This has provided income ↑
the carbon emissions.
Weiming Environment Protection with broad development space in Operating costs ↓ According to the Company's carbon emission reduction targets, adopt corresponding measures
behavior
areas with incomplete waste disposal infrastructure. to achieve near-zero carbon emissions.
*M:Medium
H: High
Protect the Ecological Foundation & Create a Green Future
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
• Sources of GHG Emissions from Weiming Environment Protection • Types of Solid Waste of the Company
Range Type Emission Sources Business Types Types of Solid Waste Business Types Types of Solid Waste
Scope 1 Direct emissions from businesses owned or controlled by the Company General solid waste: biogas residue,
General solid waste: slag, etc.
waste grease, etc.
Incineration Kitchen Waste
Scope 2 Indirect emissions from purchased or acquired electricity and steam consumed by the Company Disposal Disposal
Hazardous waste: fly ash, waste bags, Hazardous waste: waste engine oil,
All other indirect emissions occurring outside of the Company's organizational structure, including waste catalysts, waste mineral oil, etc. etc.
Scope 3
upstream and downstream emissions
Wastewater General solid waste: domestic gar-
Hazardous waste: waste film, etc. Office Operations
Treatment bage, etc.
• Sources of GHG Emissions from Weiming Environment Protection
• Waste Management Goals and Planning
Business Unit
GHG Emission Types Production Link The Company is dedicated to developing a comprehensive environmental protection infrastructure to address urban
Type
waste issues and foster sustainable ecological development, aiming to become a leading enterprise in the solid waste
Incineration treatment
management industry chain. It focuses on municipal solid waste incineration and coordinates the treatment of various
CO2
waste types. The Company plans to expand its presence in both domestic and international waste treatment markets,
Composting treatment
Environment
adopting advanced international practices to improve technological processes and environmental performance.
Protection group
Aerobic composting
CH4 Solid waste Each Project Company must implement a solid waste classification system, provide suitable
Anaerobic digestion
collection facilities, and designate temporary storage areas based on waste type.
disposal
CO2 Indirect generation of industrial electricity
methods: The Company promotes sustainable packaging management by increasing the use of recyclable,
Equipment Group
reusable, and eco-friendly materials to reduce environmental impact and lower material costs.
HFCs Use of refrigeration equipment
Hazardous solid waste shall be uniformly disposed of by qualified units entrusted by each project
New Energy Group CO2 Using oxygen-enriched side-blown furnace
company.
Each Project Company must dispose non-recyclable waste at designated facilities, ensuring full
• GHG Emissions Performance Table compliance with environmental regulations.
Indicator Item Unit 2022 2023 2024 Each Project Company shall improve recyclable waste efficiency by partnering with specialized
entities to enable resource circulation and support sustainability.
Scope 1 Tons of CO2 Equivalent 15,792 14,827 57,003
Scope 2 (Location-Based) Tons of CO2 Equivalent 8,172 13,904 20,384
Case Renovation of Fly Ash Receiving Equipment at Ruian WTE Plant Completed
Total (Scope 1 + Scope 2) Tons of CO2 Equivalent 23,964 28,731 77,387
Fly ash generated from the incineration of
domestic waste is hazardous waste. Using
Treatment of Three Wastes new treatment processes and equipment, the
Company's Rui'an WTE plant has successfully
enabled the reception of raw ash by pump trucks,
Treatment of Waste
significantly improving fly ash reception efficiency.
This approach not only reduces costs but also
effectively prevents dust and leakage during fly
The Company will manage solid waste in compliance with approved environmental assessments and applicable regulations.
ash transportation and treatment, minimizing
Solid waste will be reasonably stored, classified and recycled to ensure compliance with the Standard for Pollution Control
environmental pollution and human health risks.
on the Non-hazardous Industrial Solid Waste Storage and Landfill (GB18599-2020) and other requirements, and implement
measures such as leakage prevention, rain prevention, and dust prevention. The Company will promote recyclable/reusable
packaging, boost recycled material usage, cut environmental impact, and optimize material costs.
Protect the Ecological Foundation & Create a Green Future
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Waste Gas Management
Pollutant Emissions
Weiming Environment Protection strictly complies with the laws and regulations such as the Law of the People's Republic of
China on the Prevention and Control of Atmospheric Pollution, as well as internal regulations like the Management Measures
Wastewater Management
of Three Wastes. At the same time, the Company's projects manage pollutants in accordance with environmental impact
assessment approval documents, Pollution Discharge Permits, etc., follow the self-monitoring plan, regularly entrust
Weiming Environment Protection strictly complies with the laws and regulations such as the Law of the People's Republic of
qualified units to monitor various indicators of waste gas emissions, build, network and maintain a Continuous Emissions
China on Prevention and Control of Water Pollution, as well as internal regulations like the Management Measures of Three
Monitoring Systems (CEMS), and disclose waste gas emissions on the domestic WTE plants' automatic monitoring data
Wastes to clarify the management process and control objectives of wastewater discharge. The environmental protection
disclosure platform as required. In case of any project company's environmental protection equipment abnormality, the
departments of each subsidiary of the Company are responsible for regularly updating the wastewater discharge inventory,
Company immediately activates its emergency response plan, conducts rapid rectification, and ensures emissions are only
accurately identifying the types of wastewater discharge, effectively controlling the potential risks in the discharge process,
discharged after confirming compliance with standards through monitoring.
and ensuring that production and business activities comply with national and local environmental protection laws and
regulations. During the reporting period, the Company ensured 100% of its wastewater discharged in full compliance with
standards. • Types of Waste Gas Emissions of the Company
• Types of Wastewater Discharge of the Company Business Types Types of Pollutants
Particulate matter, sulfur dioxide, carbon monoxide, hydrogen chloride, nitrogen oxides, antimony,
Business Types Related Indicators of the Company's Wastewater Discharge Incineration
arsenic, lead, chromium, cobalt, copper, manganese, nickel and their compounds, cadmium, thallium
Disposal
Chromaticity, chemical oxygen demand, five-day biochemical oxygen demand, suspended solids, and their compounds, mercury and their compounds, dioxins, etc.
Incineration
total nitrogen, ammonia nitrogen, total phosphorus, fecal coliform bacteria, total mercury, total
disposal Wastewater
cadmium, total chromium, hexavalent chromium, total arsenic, total lead, etc. Ammonia, hydrogen sulfide, odor, etc.
Treatment
Chemical oxygen demand, five-day biochemical oxygen demand, suspended solids, total nitrogen,
Landfill disposal ammonia nitrogen, total phosphorus, fecal coliform bacteria, total mercury, total cadmium, total
Landfill Disposal Particulate matter, hydrogen sulfide, ammonia, etc.
chromium, hexavalent chromium, total arsenic, total lead, etc.
Kitchen waste Suspended solids, five-day biochemical oxygen demand, chemical oxygen demand, ammonia Kitchen Waste
disposal nitrogen, total phosphorus, animal and vegetable oils, etc. Hydrogen sulfide, ammonia, odor, etc.
Disposal
Waste
Many of the Company's environmental protection projects, such as the Linjiang WTE Project, Yongfeng WTE Project and Collection and Felonious gases, vehicle exhaust, etc.
Ningjin WTE Project, have successfully achieved zero wastewater discharge and effectively managed water resources Transportation
through a recycling system. The domestic sewage, the external drainage of the desalted water workshop, flushing water
for the main plant and elevated ground, garbage storage pit leachate and initial rainwater generated in these projects have
The company utilizes a flue gas purification system that combines SNCR denitrification, semi-dry and dry deacidification,
all met the concentration limits specified in the Standard for pollution control on the landfill site of municipal solid waste
activated carbon adsorption, bag filtration, and optional SCR denitrification with wet deacidification to treat waste gas. This
(GB16889-2024) and the requirements for the inlet water quality of the open circulating cooling water system as specified
system effectively removes pollutants such as particulate matter, nitrogen oxides, and acid gases, enhances denitrification
in the Reuse of Urban Recycling Water-Water Quality Standard for Industrial Uses (GB/T19923-2024) after treatment at the
efficiency, and ensures compliance with environmental standards.
leachate treatment station. These measures ensure the recycling and reuse of water resources while avoiding wastewater
dischar. Additionally, the Company's Yongjia Sewage Treatment Plant processes urban sewage to meet discharge standards • Waste Gas Emission Targets
before releasing it into the municipal pipe network.
Operation rate of Collection rate of
Case Wastewater Recycling Qualified rate for
waste gas treatment waste gas from each
Availability rate of
facilities monitoring of
The Wuyuan WTE project implemented a sewage treatment process combining pretreatment, UASB reactor, MBR, waste gas treatment production unit
organized emission
NF, and RO to recycle landfill leachate. The treated water is reused for greening and road spraying, conserving 100% facilities
water resources, reducing freshwater use, improving water efficiency, and contributing to energy conservation and
emission reduction.
Protect the Ecological Foundation & Create a Green Future
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
In the reporting period, in terms of waste disposal business, the holding project completed the storage of 12.5438 million
Water Resources Utilization
tons of household waste, a year-on-year increase of 11.99%. At the same time, the on grid electricity supply reached 3.618
billion kWh, a year-on-year increase of 14.57%. The company advanced in project scale and technical upgrades, with the
Longquan WTE project adding 200 tons/day capacity for industrial solid waste and sludge incineration, reaching a total of
Weiming Environment Protection requires a large amount of water resources in its daily operations, including drinking transformation project to enhance resource recycling efficiency.
water, clean water, toilet water, and production water such as cooling water in waste-to-energy projects and preparation of
chemical solvents in sewage treatment projects. As of the end of the reporting period, the Company and its subsidiaries have cumulatively obtained approximately 4.92
million green certificates. Kunshan Company successfully completed the first green certificate transaction, sold 23,500
green certificates and realized sales revenue, which fully demonstrated the Company's efficient integration and value
Business Types Types of Water Sources Used creation capabilities in the circular economy industry chain.
Incineration
Biodiversity
Municipal water supply, surface water, groundwater, reclaimed water, rainwater, etc.
Disposal
Domestic sewage, landfill leachate, ground flushing washing water and initial rainwater, industrial
Wastewater
wastewater (including wastewater from chemical water treatment systems and boiler blowdown Biodiversity Risk Assessment and Response
Treatment
water), etc. Weiming Environment Protection focuses on addressing challenges from ecological degradation and biodiversity loss, actively
engaging in risk identification, assessment, control, and disclosure, and continuously improving its ability to respond to
Office Operations Municipal water supply, etc. natural risks. For risk identification, a questionnaire survey was conducted at major manufacturing bases, supplemented by
desk research, to identify potential risk factors near operational sites.
Waste Collection
The Company analyzed questionnaires, aligned with trends, reviewed literature, and compiled a list of nature-related risks with
and Transporta- Municipal water supply, etc.
management strategies, which was submitted to the Strategy and ESG Committee. The risk management framework will be
tion
monitored with regular reports and disclosures. Additionally, nature-related risks will be integrated into the Company's holistic
risk management and value chain risk management processes.
Industry Promotes Biodiversity
Case Condensate Recycling
Weiming Environment Protection has been carrying out environmental protection science popularization and education for a
long time, and regards it as an important part of fulfilling social responsibilities. Many WTE projects of the Company, such as
The company recycles steam condensate during the WTE process. The condensate recovery system collects Linjiang Phase II, Yongqiang Phase II, Jiashan Phase I, etc., have been listed as environmental protection facilities open units.
condensate from heat exchange, treating it through iron and oil removal, and filtration to meet water quality These projects regularly hold Environmental Protection Open Days, offering local citizens and students a platform to learn
standards. This treated water can be reused as boiler feed, enhancing the thermal system's water recycling and environmental knowledge. Leveraging professional expertise and facility resources, they establish specialized advocacy bases
reducing fresh water consumption and production costs. to continuously promote environmental concepts, enhancing public awareness and engagement.
Green Production and Consumption: Promote Resource Conservation and
Environmental Protection
Weiming Environment Protection is dedicated to advancing green production and consumption. Its environmental projects
have completed the Mandatory Clean Production Audit. The company prioritizes energy-efficient appliances, efficient lighting,
Circular Economy
water-saving devices, and green building materials in its offices. Weiming fosters resource-saving and eco-friendly production
methods and lifestyles, aiming to minimize ecological impact and support economic-environmental harmony.
Ecological Protection and Restoration: Actively Participate In Ecological Projects
According to the Circular Economy Promotion Law of the People's Republic of China, the Company's environmental
and Restore the Ecosystem
protection projects for the "harmless, reduced and resourced" treatment of domestic waste are an important part of the
"circular economy". All new, rebuilt and expanded projects of the Company fully meet the requirements of the control The Company engages in ecological projects like afforestation and wetland protection to restore ecosystems and enhance
indicators of major pollutant emissions, construction land and total water use in the administrative area where the project environmental quality. Initiatives such as Kunshan WTE Plant's "Tree Planting Day" beautify the surroundings and foster
is located. At the same time, the Company actively improves the efficiency of waste use and actively carries out waste teamwork and environmental consciousness. These efforts support biodiversity conservation and offer improved habitats for
recycling based on its own professional technology, thereby reducing the impact of waste on the environment and society. organisms.
•
•
•
Product Quality and Safety
Customer Service Management
Innovation-driven
•
•
•
Intellectual Property Protection
Data Security and Customer Privacy Protection
Supply Chain Security
Foresight & Innovation-
driven Development 05
Foresight & Innovation-driven Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Product Quality and Safety Customer Service Management
Weiming Environment Protection upholds the philosophy of "Continuous Improvement and Safety First". The Company Weiming Environment Protection has always upheld the "customer-centric" service philosophy and has been committed
strictly complies with relevant laws and regulations such as the Law of the People's Republic of China on Product Quality to providing customers with efficient, professional and sustainable service experience. Through a comprehensive service
and the Law of the People's Republic of China on Work Safety, and has established a complete product and service system, innovative service models, and continuous communication with clients, the Company consistently enhances
quality management and safety assurance system. According to the requirements of laws and regulations, the Company's customer satisfaction and promotes mutual growth between the enterprise and its customers.
subordinate projects, have obtained relevant qualifications such as the Special Equipment Manufacturing Production
License , set up safety production management organizations as required, and equipped with full-time safety production The Company has set up a customer service management system to define service procedures, response times, and quality
management personnel and professional and technical personnel with special operations and other qualifications. benchmarks, ensuring prompt and expert customer service. It offers various service channels, such as hotlines, online
support, emails, and on-site assistance for efficient customer support. In response to complaints, the after-sales team
The company delivers reliable power and waste solutions through standardized quality processes. The Equipment and New
promptly logs and analyzes them to address issues swiftly. Major complaints are escalated to management for appropriate
Energy Groups oversee material sourcing, production, and inspections, with pre-shipment testing for all products. Dedicated
resolution.
project teams maintain quality compliance in engineering contracts from design to construction.
Weiming Environment Protection will continue to deepen customer service management, optimize service systems and
Weiming Environment Protection will further enhance quality management and safety assurance, refine production processes
processes, and improve customer satisfaction and loyalty.
and technical specifications, and improve product quality and safety in the future.
Quality Management Process Innovation-driven
Purchasi ng M a n u fa ct u r i n g Tec h n o l o g i ca l
Weiming Environment Protection prioritizes innovation for sustainable growth. In 2024, the company will boost tech
Proce ss P ro ces s P ro ces s
R&D investment, focusing on low-carbon, resource efficiency, and intelligence. It aims to enhance industry-academia-
The Procurement Department has The Manufacturing Department The Equipment Group's Technology research collaboration, expedite tech achievement commercialization, and drive comprehensive tech upgrades in
established clear supplier selection rigorously inspects raw materials, D e pa r t m e n t o v e r s e e s q u a l i t y waste management, equipment manufacturing, and renewable energy. The goal is to foster the company's sustainable
criteria, regularly evaluates the purchased components, semi-finis- m a n a g e m e n t b y e sta b l i s h i n g development and invigorate environmental protection efforts through both technological and managerial innovation.
product quality of suppliers, and hed products, etc., adheres to desi- inspection standards, leading
improves supplier delivery quality gn specifications, implements end- product design and conducting Key Innovation-driven Projects in 2024
to ensure product quality from the to-end quality control and collabo- final inspections. It provides
source. rates with the technical team to en- technical support to manufacturing
New Energy Group:
sure product compliance. and resolves production issues to Expanding International Layout and Leading Technological Innovation
ensure quality compliance.
• Jiaman High-grade Nickel Matte Project: • Institutional System Construction:
The Company successfully trialed production at its Indonesia More than 100 institutional documents were drafted through-
facility, achieving breakthrough side-blown furnace smelting out the year, covering management systems, operating
technology. This milestone strengthens its technical expertise procedures, emergency plans and other categories, providing
Case T he 2 0 2 4 S p e ci al Q uali ty a n d Sa fet y I n s p ect i o n fo r t h e I n d o n es i a n J i a m a n
and global leadership in new energy materials. a solid institutional guarantee for project operations.
Hi gh-grad e N i cke l M atte P ro j ect Wa s Ca r r i ed Ou t to C o m p reh en s i vel y I m p rove
the C onstr ucti on M anage m en t Level
• Cooperation with Design Research Institute:
The Company has signed a Technical Promotion Cooperation Agreement with Changsha Nonferrous Metallurgy Design and
In January 2024, the Jaman High-grade Nickel Matte Project in Indonesia
Research Institute Co., Ltd. in the field of nickel smelting. Both parties are jointly advancing ongoing technological development
underwent a special quality and safety inspection to enhance constructi-
and market promotion in the smelting of laterite nickel ore and the production of high-grade nickel matte.
on site safety management and ensure quality installations. The inspect-
ion covered various aspects including civil engineering, steel structures, Manufacturing operations of the Equipment Group:
pipelines, fire protection, anti-corrosion coatings, thermal insulation, Strengthening Core Capabilities and Expanding Emerging Businesses
safety facilities, safety training, and construction practices. The project
team is committed to reinforcing internal management, enhancing • In 2024, the Equipment Group made significant strides in innovation and market growth, with sales revenue steadily
construction quality, and delivering high-quality projects. increasing. They completed production for the Qingmeibang and Shengqing projects, enhancing their competitiveness in
environmental and new material equipment manufacturing.
• In business expansion, the Equipment Group has successfully established a photovoltaic power generation business team,
laying the foundation for expanding its new energy business.
Foresight & Innovation-driven Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Key Innovation-driven Projects in 2024 R&D and Innovation Management
Comprehensive management of the Equipment Group:
Optimize the Production System and Improve Operational Efficiency The Company has implemented a structured R&D and innovation management system , standardizing organizational
frameworks, responsibility allocation, and end-to-end processes while establishing clear innovation goals and strategies.
• Comprehensive management:
Optimize the production system and improve operational efficiency
The Technica l C ommittee
During the reporting period
• Organizational structure adjustment:
Establish a manufacturing center, set up multiple manufacturing departments The Company invested The Technical Committee (TC) serves as the Company's central R&D decision-making
and electrical instrument manufacturing departments, and build a product- body, tasked with setting R&D strategies and priorities, managing critical technology
centricmanufacturing management system. projects and imports, approving enterprise-level R&D initiatives and budgets, and
accounting for1.59% of guiding Group-wide innovation management.
• System construction and Work Safety: R&D
operating income.
Refine internal administrative regulations such as Production Management Measures,
Innovation
Quality Management Measures, and Work Safety Management Regulations , carry out E a ch Group' s Technol og y
safe operation training and special equipment training, and improve employees' safety
The Company's R&D team has Ma na gement Depa rtm ent Management
awareness and operating skills. 377 people. Group TMD – Develops R&D strategies, oversees project execution, and facilitates Structure
tech commercialization.
• Production efficiency improvement:
Integrate the resources of Binhai, Dushan, and Shacheng equipment factories to
optimize the production process. Improve workshop environments and enhance work
efficiency by deploying equipment such as laser rust removal and welding gun dust E a ch Group S ubsidia r y
collection systems.
Each Group Subsidiary is responsible for the implementation and execution of its
• New product development:
own R&D and innovation projects, and must establish a project approval process
Successfully launch a series of products such as reactors, filters, butterfly valves, filter-
and results registration accounts, and hand them over to the technical management
bag, diaphragm bags, etc. to enhance product competitiveness.
department of the group to which it belongs for centralized control.
To boost researchers' innovation, the Company has created a performance evaluation and incentive system that includes
R&D conversion and technological contribution metrics, and rewards significant tech and economic achievements. It also
offers career paths and training to foster an innovative environment.
Case I ndonesia J ia m a n Hig h-g ra de N ickel Matte Project : Adopting the A dvan ce d
Oxy gen-enriched S ide -bl owing Py rometa l l urg ica l Process
In 2024, Weiming Environment Protection's Indonesia Jiaman Project, a high-grade nickel matte initiative, made
notable progress using cutting-edge oxygen-enriched side-blowing pyrometallurgical technology. The initial
production line started in Q3 and is now in full-system commissioning. The technology boosts redox reactions
by increasing furnace oxygen levels, speeding up production and cutting energy use per unit. Additionally, the
continuous feeding and smelting enabled by this technology streamline workflows, minimize equipment needs,
and reduce both capital and maintenance expenses.
Weiming Environment Protection will continue to enhance its innovation closed-loop system, using technology to promote
the coordinated growth of environmental, economic, and social benefits. The company aims to provide innovative solutions
for global low-carbon transformation.
Foresight & Innovation-driven Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
The Company embeds its "innovation respect, shared mutual benefit" IP philosophy into operations via early warning,
Boost the Sustainable Development of the Industry
training, and improved contract management. For example, co-op contracts specify confidentiality, IP rights, licensing, and
The Company remains engaged in shaping environmental protection standards, pursuing key projects and awards. It infringement responsibilities.Suppliers are mandated to provide "Intellectual Property and Confidentiality Undertakings
also actively participates in technical exchange forums, leveraging its R&D leadership to contribute to the industry's for Supplied Products ." These initiatives not only safeguard the Company's innovative outputs but also foster a robust
technological innovation and growth. intellectual property ecosystem across the industry.
During the reporting period, the Company participated in the formulation of a number of standards, including the
Technical Guidelines for Treatment of Municipal Solid Waste Incineration Residues (RISN-TG053-2024) and the Standard for
Engineering Technology of Municipal Solid Waste Incineration and Energy Utilization (GB/T 51452-2024). During the reporting period
Comply with Scientific Ethics The company has obtained approximately 342 patents and software copyrights in total.
The Company upholds scientific integrity and ethics in R&D and innovation, embedding responsible innovation throughout
technology development. It complies with national laws, regulations, and industry standards, integrates green and low-
carbon principles into R&D, evaluates the environmental impact of technical solutions, and prioritizes clean production and
renewable resources.
Covered boiler systems, turbine systems, automatic control systems, flue gas purification, resource recycling,
The Company has established a strict ethics review process to protect public health and societal interests while pursuing energy conservation and emission reduction, etc.
technological advancements. It actively assumes corporate social responsibility by incorporating sustainable development
goals into its innovation, aiming for a balanced approach that includes environmental protection, social progress, and
economic benefits. This ensures a harmonious relationship between scientific advancements and human well-being.
Case The Equipm ent Group S uccessful l y Pa ssed the S uper v ision a nd Audit for Its
I ntel l ectua l Property Ma na gement S y stem
Intellectual Property Protection In July 2024, Zhong gui (B eijing ) Cer tif ic ation Co., Ltd. per for me d a
second supervisory audit on the Equipment Group's intellectual property
management system. The audit team comprehensively review the Group's
The Company has established and continuously improved the intellectual property management system in compliance
administrative, produc tion, sales, technical, procurement and other
with the relevant laws and regulations such as Chins's Patent Law, Copyright Law, Trademark Law . In 2024, the Company
departments against the Intellectual Property Management for Research
further improved the Intellectual Property Management Measures , optimized the full-process management mechanism of
and Development Organizations (GB/T29490-2013), the Equipment Group's
patent technology, clarified the responsibilities and powers of each department, and refined the full life cycle management
management system documents and relevant national laws and regulations.
specifications from technology R&D, patent application to achievement transformation. In order to strengthen the
The audit found no issues and commended the Equipment Group's intellectual
protection of intellectual property rights, the Company has established a patent classification management system to
property management system, recommending continued certification due to
implement key protection of core technologies.
its standardized and effective practices.
• Organize the formulation of IP-related systems
• Guide, supervise and inspect the Company's IP-related work
Data Security and
• Establish IP archives
Company
legal
• Organize the formulation of implementation rules for IP matters of Customer Privacy Protection
subordinate companies
department • Guide, supervise and inspect the IP-related work of subordinate Weiming Environment Protection prioritizes data security and privacy, strictly complying with China's Cybersecurity
companies Law , Data Security Law , and Personal Information Protection Law . The company has established robust systems
• Manage the IP archives of its subordinate companies
including Information Security Management and Confidentiality Management, ensuring legal, legitimate, and necessary
Each group's • Report IP work to the legal department of the headquarters
management unit data collection and usage. These frameworks define confidentiality standards, protective measures, and personnel
responsibilities for handling all data in compliance with regulations.
• As the executive body of IP matters, the subsidiaries of each Group are
The Company enforces management measures to align with systems, such as establishing an information security system
Subsidiaries responsible for the development, application, registration, and filing of IP
with advanced technical tools, improving employee training, performing confidentiality inspections, and using NDAs in certain
business operations. These actions protect the information security interests of customers, employees, and the Company.
Intellectual Property(IP) Management Framework
Foresight & Innovation-driven Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Privacy protection:
Standardized Management to Ensure Data Security
Case Network Information Security Training
In July 2024, the Company organize d a
Access control ID identification Data encryption technology specialized training on network information
• The company employs an HR system with identity • During data transmission and storage, the Company security by external experts. The training
verification and access control to manage employee uses advanced encryption technology to ensure included fundamental net work securit y
data, ensuring only authorized individuals can the security of employee personal information and knowledge, common network attack types
access or alter information, thereby preventing data prevent data from being illegally stolen or tampered with case studies, and practical securit y
breaches and misuse. with. s ug ge s t i o n s f o r da il y u s e . A s a r e s ul t ,
e mp loye e s' aw ar e n e s s an d p r ote c t io n
skills in network security were significantly
Permission management and review Employee training enhanced.
• The company regularly reviews and updates the • The company strengthens the training of personnel
security measures of the personnel system to ensure managers and department heads to enhance their
that the permission settings meet actual needs and awareness and attention to personal data protection
avoid the risk of permission abuse or data leakage. and ensure the standardization and security of data
During the reporting period
management processes.
Information Security: The company organized 3 cybersecurity drills, which significantly improved employees' cybersecurity awareness
Multiple Measures to Build a Solid Network Security Defense Line and emergency response capabilities.
Weiming Environment Protection has developed a comprehensive network security management system. By combining
technical methods, professional teams, and staff training, the company effectively manages security risks and ensures data
security and business continuity.
• Technical protection: building a comprehensive security barrier
Supply Chain Security
• Data security management
The company limits the access and operation rights of different users to data through system authority management,
Supply Chain Management System
ensuring that only authorized personnel can access and process sensitive data, and preventing data leakage and abuse.
• Hardware encryption means
VPN and other hardware means are used to encrypt network communications, establish a secure tunnel, ensure the The Company has established fair and transparent criteria for selecting and managing suppliers and contractors, and is
security of data during transmission, and prevent unauthorized access and theft. committed to choosing enterprises with standardized management, complete qualifications, and corporate cultures or values
• Firewall and monitoring similar to those of Weiming Environment Protection as cooperation partners.
Deploy firewalls, security monitoring and network patrol systems to monitor network activities in real time, promptly
detect and block potential threats, and ensure the security and reliability of the network environment. Supplier Code of The Company employs the Supplier Integrity Cooperation Commitment to
ensure suppliers' actions in economic, environmental, and social areas align
• Data backup and disaster recovery Conduct
with sustainable development goals. Economically, suppliers must act with
Establish a complete data backup and disaster recovery mechanism to ensure that business operations can be quickly
integrity, comply with laws, ensure fair competition, and foster healthy economic
restored in emergencies, and ensure data security and business continuity.
growth. Environmentally, they are expected to monitor operations, cut pollution,
• Professional team conser ve energ y, and suppor t recycling for a green supply chain. Socially,
The company has a team of information management engineers who develop and carry out data management strategies, suppliers should follow labor laws, prevent illegal employment, safeguard
standardize data processes, and handle security incidents to ensure timely and effective responses to threats. employee rights, engage in social welfare, and contribute to society. All suppliers
must adhere to these terms to support the Company's sustainable development
• Training and education
and societal and environmental harmony.
The company regularly holds information security training, covering the basics of network security, common types of
network attacks and case analysis, and security protection recommendations in daily scenarios.
Foresight & Innovation-driven Development
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Supplier Audit and Continuous Improvement
The Company actively implements ESG principles, integrating them into supplier management from access to audit and exit Complaints and Stakeholders may repor t any supplier violating the Integrity Cooperation
phases. This ensures collaborative efforts with suppliers to enhance supply chain sustainability and resilience, supporting Commitment for Suppliers via the following channels. In 2024, the Company
Reports
environmental, social, and economic sustainability. received no reports of violations under this Commitment.
Tel.：0577-56885652
Supplier Access: Weiming Environment Protection rigorously manages supplier selection to guar-
rantee ESG compliance. The company has established a detailed Procurement Email： weimingzhuangbei@163.com
Keep ESG at the
Management System , integrating credit and environmental assessments into
Source
bidding, and performs thorough qualification checks on new suppliers.
When signing a business contract, the supplier must sign the legally binding
Integrity Cooperation Commitment for Suppliers , which clarifies the supplier's
responsibilities and obligations in terms of environment, society and corporate Supplier The company has established a comprehensive supplier assessment mechanism
governance, ensuring that both parties are highly consistent in the concept of and management system. It regularly organizes training to encourage suppliers
Sustainable
sustainable development. to enhance their management capabilities and per formance in key areas
Empowerment
including labor rights, environmental protection, health and safety, and business
ethics, thereby strengthening their sustainability. Additionally, the company will
hold supplier meetings featuring expert insights on Environmental, Social, and
Governance (ESG) requirements, as well as the latest regulations and standards,
Audit Supervision: Weiming Environment Protection regularly conducts audits and supervision
which ensures the supply chain consistently meets international standards.
of major suppliers' ESG performance, using strict standards and procedures
Continuous
to maintain compliance with company requirements. The company employs
Tracking of ESG
advanced risk analysis and targeted audits to scrutinize suppliers' environmental,
Performance human rights, labor rights, and business ethics compliance.
The company works with suppliers to create improvement plans addressing
During the reporting period
audit issues, setting clear goals, measures, and deadlines for rectifications to
boost ESG performance. This tracking and improvement process helps suppliers
Total number of suppliers Number of suppliers in mainland China Number of suppliers in overseas regions
develop sustainable practices, strengthens supply chain sustainability and
resilience, and promotes shared growth among partners. 6,266 6,147 119
Supplier exit: Weiming Environment Protection has a clear supplier exit policy to ensure supply
chain integrity and sustainability. If a supplier consistently fails to meet ESG
Maintaining the
Conflict Mineral Management
standards or commits serious non-compliance, the company will invoke the
Overall Quality of
supplier exit protocol and terminate the partnership.
the Supply Chain
This mechanism ensures the supply chain's high standards and sustainability,
Weiming Environment Protection recognizes the importance of addressing conflict minerals issues due to their significant
encouraging suppliers to enhance their ESG performance to meet requirements.
societal, economic, and environmental impacts in today's sustainability-focused global business environment. The Company
A stric t exit mechanism ensures all par tners adhere to high- qualit y ESG
attaches great importance to the sustainable development of the supply chain and strictly abides by relevant international and
standards, promoting efficiency and sustainability in the supply chain and setting
domestic laws and regulations, including the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from
an industry example for sustainable development.
Conflict-Affected and High-Risk Areas and the China Due Diligence Guidelines for Mineral Supply Chain , and is committed to
eliminating the use of conflict minerals and ensuring the transparency and compliance of the supply chain.
The Company enhances conflict minerals management via supplier audits and mineral origin checks, ensuring transparent,
legal, and ethical supply chains. It refuses to procure conflict minerals, promoting sustainable industry practices.
•
•
Responsible Marketing
Equal Treatment of Small and Medium-sized Enterprises
Responsibility & Fairness
in Parallel: Marketing with
Collaboration 06
Responsibility & Fairness in Parallel: Marketing with Collaboration
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Responsible Marketing
Weiming Environment Protection prioritizes responsible marketing for sustainable growth, following laws and upholding
integrity and transparency. The company offers reliable information to partners and promotes industry health. It has a
strong marketing management system to define compliance and responsibilities, and conducts regular training to improve
legal and ethical awareness among marketing staff. This ensures standardized and transparent marketing practices,
delivering trustworthy services to partners. The company is committed to building a responsible corporate image and
promoting industry sustainability through honest cooperation and transparent communication.
Equal Treatment of Small and
Medium-sized Enterprises
Weiming Environment Protection always adheres to the concept of fair, just and transparent cooperation, strictly complies
with relevant laws and regulations, such as the Company Law of the People's Republic of China, Law of the People's
Republic of China on the Promotion of Small and Medium-Sized Enterprises , and is committed to providing equal market
participation opportunities for SMEs and promoting the coordinated development of the industrial chain.
The company's finance and procurement departments hold regular meetings to review and analyze accounts payable to SMEs,
and to implement corrective actions to establish a standardized and efficient payment mechanism.
•
•
Rural Revitalization
Social Contribution
United for Good:
Building Inclusive Futures
Through Philanthropy 07
United for Good: Building Inclusive Futures Through Philanthropy
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Case Kunshan Power Plant 2024 Arbor Day Green Public Welfare Event
Rural Revitalization
Weiminghuan supports the rural revitalization strategy by leveraging its financial, technological, and resource strengths to
On Arbor Day 2024, Kunshan WTE Plant employees engaged
foster rural economic growth, enhance the environment, and improve living conditions. The company's charitable efforts
in a tree planting event, actively digging, planting, and filling
span multiple counties and cities, including Yilong, Aba, Jiahe, Yongkang, and Cangnan, where it implements projects
soil to foster green growth. The activity not only promoted
focused on poverty alleviation, educational support, and care for the elderly, contributing to social harmony and mutual
environmental awareness but also reinforced team unity and
support through concrete actions.
social responsibility.
Case Equipment Group Rural Revitalization Pairing Assistance Activities in Chixi Town, Cangnan
In January 2024, led by Wenzhou CPPCC Vice Chairman
Xu Youping, the Equipment Group visited Chixi Town, Case Tongcheng Power Plant Assists in the 2024 "3·15" Centralized Destruction of Counterfeit
Cangnan County, for poverty alleviation activities. They met and Shoddy Goods
with needy residents, checked on the laver glass plunger
project, and donated 50,000 RMB to support local rural
revitalization and industrial poverty alleviation. Since forming In March 2024, the Company's Tongcheng Power Plant
a partnership with Chixi Town in 2022, the Equipment partnered with the Tongcheng Market Supervision Bureau
Group has consistently provided financial aid and other for the "3.15" destruction of counterfeit goods, conducting
support, showcasing the company's commitment to social harmless incineration. This government-enterprise
responsibility. collaboration reflects the Company's social responsibility in
purifying the market and ensuring consumer safety.
Social Contribution
Case Qinhuangdao Power Plant Environmental Education Open Day - Supporting Practical
Weiming Environment Protection has long been dedicated to social welfare, in strict compliance with the Charity Law of Learning for Hebei University of Environmental Engineering Students
the People's Republic of China and the Law of the People's Republic of China on Donations for Public Welfare and other
relevant statutes, the Company has established and enforced the Donation Management Measures and other governance
frameworks to ensure the standardization, systematic operation and long-term sustainability of its social contribution In May 2024, the Company's Qinhuangdao WTE Plant
activities. Guided by the core the philosophy of "Giving Back to Society and Co-Creating a Better Future", the Company received nearly 100 teachers and students from Hebei
injects sustainable impetus into social development through multi-dimensional practices such as public welfare activities, University of Environmental Engineering. The students were
volunteer services, and charitable donations. introduced to the Company's culture and waste incineration
process, watched a promotional video, and toured the model
Case Ruian Power Plant's 2024 "Warmth in Winter" Care for Sanitation Drivers
center and control room. This visit deepened students'
In January 2024, Ruian Power Plant launched the "Warmth in understanding of the environmental protection industry and
Winter" program, providing hot meals to sanitation drivers to boosted environmental education.
acknowledge their work in urban environmental protection.
The administrative vice president participated, highlighting
the drivers' safety and well-being. This program not only
During the reporting period
showed appreciation but also boosted the drivers' sense of
duty. The plant's commitment to environmental conservation
is demonstrated through such initiatives, and it will continue A total of 5.44 million RMB was invested in rural revitalization and social welfare.
to promote green practices for the city's enhancement.
•
•
Employee Recruitment and Diversity
Talent Cultivation and Development
•
•
Employee Rights and Benefits
Occupational Health and Safety
People-oriented,
Co-creating Value 08
People-oriented, Co-creating Value
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Fair and Just Recruitment Principles
Employee Employment and Diversity The company recruits based on actual needs, prioritizing quality over quantity, and upholds open, fair, and just hiring
practices. It adheres to moral and skill standards, ensuring transparency and standardization in recruitment. Additionally, it
Employee Employment prioritizes hiring from the local community to support employment and foster regional economic and social development.
Diversity and inclusive (D&I) culture construction
Weiming Environment Protection adheres to the core value of "People-Oriented", integrates humanistic care into all aspects of
personnel management, and is committed to enhancing employees' sense of identity, belonging and loyalty to the Company,
and promoting the common growth and development of employees and the Company. the Company strictly abides by the
Labor Law of the People's Republic of China, Labor Contract Lawof the People's Republic of China, Social Insurance Law of the Weiming Environment Protection values diversity and inclusiveness as key elements of its corporate culture, striving to
People's Republic of China and other relevant laws and regulations, and actively implements international labor standards, establish an equitable, fair, and non-discriminatory work environment that embraces diversity and openness.The Company
actively benchmarks the Universal Declaration of Human Rights, International Labor Organization Core Conventions and has made a clear commitment through the Employee Handbook : strictly prohibiting all forms of discrimination and unfair
United Nations Guiding Principles on Business and Human Rights and other international initiatives and guidelines, integrates treatment(e.g., gender, race, age, religion, belief, disability) and through institutionalized and normalized management
international advanced concepts into localized management practices, and builds a complete labor rights protection system. mechanisms, ensuring full protection of every employee's legitimate rights and interests.
Ensure legal compliance to consolidate the foundation of diversity and inclusion management
The Company has formulated management systems including Recruitment Management System, Compensation Management
System, Performance Appraisal Principles, Training System, Attendance Management Implementation Rules, Position Change The company legally employs all staff, opposes all forms of discrimination, prohibits child labor, rejects forced
and Work Transfer Management System and Separation Management System , which cover employee recruitment, training, labor, and is dedicated to a fair, just, and inclusive workplace. Regular internal compliance audits ensure the
promotion, compensation, benefits, working hours, leave, and termination, ensuring standardized operations and protection legality and standardization of employment practices.
of employee rights.
During the reporting period, no incidents of employee discrimination, child labor employment, forced labor, or
Employment Philosophy violations of labor laws and regulations occurred at the Company.
Cultivate an inclusive culture to promote employee development
The Company promotes diversity and inclusion awareness via regular training, fosters equal communication
and empowers employees to express opinions through open channels. It also maintains an anonymous
feedback system to address concerns about discrimination or unfair practices.
Growing
Fostering Together
Continuous improvement to drive cultural construction
Valuing Talent Innovation
The Company conducts regular sur veys to monitor diversit y and inclusion ef for ts, making strategic
Through standardized management, adjustments to integrate these into daily operations. These actions have boosted employee satisfaction,
a sound compensation system and loyalty, and the Company's overall cohesion and competitiveness.
Respect employees' independent pers- professionalization processes, enable
onalities and strengths, and encourage every employee to strive together
Talent is the primary resource of with the enterprise, grow together
model innovation, management innov-
the enterprise. and co-create undertaking.
ation, and technological innovation.
During the reporting period
Weiming advanced HR management standardization by upgrading its core HR system to align with organizational and Classification by Classification by Classification by Employees Classification by Educational
business needs. Gender (employees) Age (employees) Working Region (employees) Background (employees)
Female ≤ 30 years old The Chinese Mainland Master's degree or above
The Group optimized subsidiary HR processes, covering recruitment, transfers, attendance, training, and compensation to 682 1,643 3,819 73
enhance efficiency and compliance. Male 3,516 31 - 40 years old 1,434 Overseas Bachelor's degre 1,068
Additionally, the Equipment Group streamlined attendance and leave policies, clarified approval procedures, and
≥ 51 years old 390
implemented a digital system to improve productivity. These updates reflect the company's "people-oriented" approach.
People-oriented, Co-creating Value
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Case New Energy Group Management of Expatriate Employees and Practices of I nterna l l ecturer tra ining
Reser ve ma na gement tale n t t rain in g
Religious Inclusion in the Indonesia High-Grade Nickel Matte Project T h e C o m pa n y ca re f u l l y s e l e cts a n d t ra i n s
Through internal leadership lectures, external
internal employee lecturers, and promotes the
expert guidance, on-site study and inspection,
precipitation and inheritance of internal high-
Weiming Environment Protection has fostered a diverse and etc., improve the comprehensive ability and
quality working methods and experience through
inclusive work environment at the Indonesia High-Grade Nickel strategic vision of management talents.
systematic training and incentive mechanisms.
Matte Project. This was achieved through training programs,
welfare initiatives, and religious accommodations. The project
features a training center for expatriate integration, comfortable Externa l cooperation a nd resource Ful l -c ycl e tra inin g de sign
housing, diverse food options, cultural events to boost belonging, integ ration To meet various employee needs, including
and the construction of religious buildings. Regular religious Strengthen cooperation with universities, research onboarding, career progression, and professional
and cultural exchanges are held to promote understanding and institutes and industry-leading companies, and de velopment , we offer a range of training
trust. These practices not only enhance employee satisfaction cultivate internal innovative talents and improve options, including in-house general skills courses,
but also offer valuable experience for operating in a multicultural the professional level and comprehensive quality specialized external agency training, and guidance
setting, showcasing Weiming's commitment to employee care and of employees through external experts, project from both internal and external experts.
diversity. cooperation, joint research and development, etc.
Course Type
Training For Middle and
New Employee Training Daily Training External Training
Senior Management
Talent Cultivation and Development
• Skills training
• New employee orientation training • Rotational training for mid- • Training for obtaining
dle and senior management • S a f e t y r e g u l a t i o n
• Three-level safety education training various certificates
personnel training
• Master-apprentice training • industry training
Weiming Environment Protection prioritizes talent as • Centralized training for mi- • Team training, etc.
the key to sustainable business growth and is dedicated • Centralized training for fresh graduate
During the reporting period ddle and senior managers
to establishing a comprehensive and varied talent
development program. Utilizing the "1+3+N" management
model, the company enhances its training system, boosts
The company conducted 786production and manag-
ement training sessions, Case Equipment Group - the Third Training for Middle and Senior Management Management
resource allocation, and offers employees diverse career
covering over 14,548 person-times and comprehen-
paths and learning opportunities to foster personal growth
In April 2024, the Equipment Group conducted a one-day training for mid-level managers on goal management
sively improving the team's professional capabilities.
and align with company objectives.
and plan execution, attended by over 70 managers. The training covered four modules: management roles,
time management and goal setting, plan implementation and goal appraisal. It included tools such as SMART
principles, WBS diagrams and 5W2H analysis to aid in scientific planning and execution. Interactive sessions
Diversified promotion channels: The Company offers a dual - channel development system in management and
Stimulate employee potential were included to enhance engagement.
professionalism, with promotion paths for various positions. It ensures fair, open, and
objective employee evaluation through regular performance reviews. Employees can
appeal evaluation results to HR within 5 working days for transparency and fairness.
Systematic training system: The Company offers tailored training orientations for various employee groups,
empowering employee growth
including senior, middle, and grassroots managers, key staff, all employees, and new
hires, aligning with their development stages and objectives. It continuously refines its
hierarchical training system. With a comprehensive curriculum and diverse programs,
the Company delivers customized learning experiences to foster ongoing employee
development.
People-oriented, Co-creating Value
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Communication
Employee Rights and Benefits
Weiming Environment Protection values its employees' well-being and career growth, offering various communication
platforms to address their issues and foster a positive work environment. The company has refined its employee engagement
Weiming Environment Protection consistently follows a compensation philosophy that emphasizes external system, boosting satisfaction to 96% and supporting the company's sustainable development.
competitiveness and internal fairness. The company adheres to local laws and regulations, establishing a scientific and
reasonable salary management system to ensure employees are rewarded according to their performance, fostering shared
Communication: The Company utilizes various media to disseminate its culture and values, fostering
growth for both staff and the enterprise.
Building a a sense of ownership among employees. Departments have correspondents
Compensation and Benefits Structure diversified who gather and share information on production, management, equipment and
communication employee life via the Weiming Newspaper and OA system, facilitating internal
Em p l oyee A llowan ces
C om p e n sation an d S ubsid y Benefits and W elfare
platform communication. Additionally, the Company maintains the bulletin board with
current information and policies to keep employees informed and foster a positive
public opinion environment.
• Fixed salary • Seniority allowance • Five social insurance • Holiday welfare
• Performance-based • Business trip subsidy and one housing fund • Supplementary
salary • Overseas allowance • Paid time off commercial insurance Two-way Employee suggestion box:
• Overtime pay • Employee medical • Group activities communication: The Company uses an employee suggestion box to gather ideas on management
• Bonuses examination • Birthday parties Establish an and other areas. HR collects and processes suggestions weekly, rewarding
efficient feedback constructive ideas to ensure timely responses.
Employee compensation includes fixed salary, performance-based salary, overtime pay, bonuses, and various benefits and mechanism
allowances. Tthe Company adheres to the principle of "standardized assessment and precise incentives", scientifically Problem-solving mechanism:
evaluates employee performance through a combination of annual assessment and daily assessment, and issues performance When employees face issues, they should report to their department heads
bonuses and year-end bonuses based on the assessment results. In 2024, the Company further optimized the salary for immediate assistance. If unresolved, they can send a written request to the
adjustment mechanism, set up multiple channels such as salary adjustment for promotion, salary adjustment for academic President's Office. For matters related to unfair treatment, employees can submit
qualificationpromotion-based salary adjustment, academic qualification-based salary adjustment, and general salary complaints directly to the president's mailbox for fair resolution.
adjustment to ensure that salary distribution is closely linked to employee contribution. Employee compensation covers fixed
salary, performance - based pay, overtime, bonuses and benefits. The Company follows "standardized assessment and precise Employee satisfaction survey:
incentives," evaluating performance via annual and daily appraisals, and distributing performance - and year - end bonuses The Company regularly conducts "employee satisfaction surveys" to collect
accordingly. In 2024, it optimized the salary - adjustment mechanism, linking pay to contribution through multiple channels feedback on management, compensation, career development, etc. and publishes
like promotion - and qualification - based adjustments. results and addresses concerns to improve management.
The Company implements innovative management models such as employee partnership system to encourage employees to
regard work as their own career, share the profits and market value returns brought by the Company's efficiency improvement, Face-to-face The Company regularly holds employee seminars, invites employee representatives
and achieve a win-win situation for employees and the Company. At the same time, the Company stimulates the enthusiasm communication: to participate in face-to-face communication, and solicits suggestions from
and creativity of employees and promotes the sustainable development of the Company through various means such as Listen to employees' employees on work environment, career development, benefits, etc. In 2024,
equity incentives and performance rewards. The Company uses innovative models like the employee partnership system to voices the Company held a total of 4 seminars, collected and implemented dozens
align employee interests with Company growth, achieving win - win outcomes. It also motivates employees through equity of employee suggestions, thereby effectively enhancing employees' sense of
incentives and performance rewards, driving sustainable development participation and satisfaction.
• Statutory holidays and paid vacations • Overseas project benefits
Employees enjoy statutor y holidays, annual leave, Combined with the actual situation of overseas projects, • Appeals and Complaints
marriage leave, bereavement leave, maternity leave, etc. formulate generous overseas salary standards and To protect employees' rights, the Company has set up multiple complaint channels, such as anonymous hotlines and online
related allowances. platforms, allowing employees to report issues and provide feedback safely and conveniently.
• Life care
Provide free lunch and fruit for employees on weekdays, • Other benefits
Employees may file appeals or complaints concerning these labor rights and interests: equal employment and choice of
and distribute exquisite gifts or gift vouchers on traditional Set up seniority subsidies and provide business trip
employment opportunities，acquisition of labor compensation，right to rest and vacation，labor safety and health protection，
festivals. subsidies and overseas allowances for business travelers
access to vocational skills training，enjoyment of social insurance and welfare and labor dispute resolution, etc. The
and expatriates.
complainant must ensure the authenticity of the complaint content and is strictly prohibited from fabricating or maliciously
Weiming Environment Protection will enhance the compensation and benefits system, explore competitive incentives, offer exaggerating facts. If the complaint is found to be inconsistent with the facts, the Company will penalize the complainant
employees broader development platforms and more generous returns and support mutual growth towards higher goals. according to company regulations.
People-oriented, Co-creating Value
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
The HR department ensures the privacy of the complainant's data and materials, with strict confidentiality rules. Violators will
face accountability and severe punishment under national laws and company policies. Retaliation against complainants is
prohibited and criminal actions will be prosecuted.
• Employee Complaint Handling Process
communicated to the complainant.
Linhai Power Plant Employees Table Tennis Competition Anfu, Zhangshu, Yongfeng, Fengxin Power Plant Staff Travel Activities
taken without response.
Employee Care
Weiming Environment Protection focuses on a people-centered approach, fostering a caring and warm work atmosphere.
The company employs various supportive measures and cultural events to boost employee belonging, happiness and
identification, promoting mutual growth for staff and the enterprise.
D ai ly care : Overs ea s em p l oyee ca re:
c reati n g a war m wor kp lace res p ect c u l t u re a n d p rotect r i g h ts a n d Dongyang Power Plant Second 3V3 Basketball Game Luodian Power Plant holds a Birthday Party
atm osp he re i n terests
the Company pays attention to the physical and The Company has taken several measures to fully
mental health and quality of life of employees and respect and protect the rights of overseas employees
provides a variety of daily care services: at the Indonesian factory:
• Festival care： • Cultural respect:
During festivals, the Company holds cultural constructed a prayer room and canteen for
events like the Lantern Festival Gala and the employees, adhering to local religious practices
Mid-Autumn Dinner and gives out gifts and and dietary customs;
financial aid to employees to show its care.;
• Holiday benefits:
Interest clubs:
During important holidays, in accordance with
•
set up basketball, badminton, billiards and local customs and labor laws, provide employees Equipment Group 2024 Mid-Autumn Festival Family Dinner Weiming Shengqing Company Pop Concert
other employee interest clubs, regularly with holiday benefits or arrange vacations to
organize competitions and activities, enrich enhance their sense of belonging;
employees' spare time life and promote team
• Communication mechanism:
cohesion;
Establish an ESG team to ensure compliance,
Health care:
implement a fair and democratic communication
•
offer annual health checks, psychological and complaint mechanism, ensure prompt
counseling and health talks to employees, feedback and processing of employee opinions
focusing on their physical and mental well- and comprehensively improve employees'
being. working and living conditions.
Jiashan Power Plant Qingdao Tourism Activities Linjiang Power Plant Staff Travel Activities
People-oriented, Co-creating Value
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
• Optimize Facility Configuration and Reduce Safety Risks
Occupational Health and Safety
During the reporting period
the Company organized
The Company always puts the occupational health and safety of employees first, adheres to the management philosophy of The Company conducts regular meetings to ensure annual fire equipment and
trainings, covering over
"safety first, prevention-oriented", strictly complies with the laws and regulations such as the Work Safety Law of the People's facility management plans are completed. It also optimizes production site
Republic of China, Law of the People's Republic of China on the Prevention and Control of Occupational Diseases and has built hardware, enhances safety measures like fire, explosion and dust prevention and
participants
a complete occupational health and safety management system to fully safeguard employees' physical and mental health and manages occupational health and safety risks effectively.
safety. the emergency drills
trainings coverage rate
Improve the Management System and Consolidate the Safety Foundation reached over 78%
The Company has formulated and implemented a series of internal management systems such as the Occupational Health
Management System, Occupational Disease Hazard Warning and Notification System and Fire Prevention, Explosion Occupational Disease Prevention
Protection, Dust Control and Poison Control Management System , to clarify the standards and processes for occupational
health and safety management. During the reporting period, all major subsidiaries of the Company achieved the ISO 45001 The Company prioritizes occupational disease prevention by implementing institutional norms, scientific management, daily
Occupational Health and Safety Management System certification, further enhancing the standardization and professionalism protection and education to comprehensively mitigate risks and ensure employee occupational health. According to the
of occupational health and safety management. relevant laws and regulations such as the Law of the People's Republic of China on the Prevention and Control of Occupational
Diseases , a complete occupational disease prevention system has been established to provide employees with a safe and
The company's board and management prioritize occupational health and safety, setting up a comprehensive safety healthy working environment.
management structure and a department for environmental, safety and occupational health (EHS) management. They employ
dedicated safety staff to enforce safe production responsibilities and enhance management efficiency. The Company has formulated and implemented a series of systems such as the Company Occupational Disease Hazard
Prevention and Control Propaganda Education Training System, Workers' Occupational Health Monitoring and File
Management System and Occupational Disease Hazard Accident Handling and Reporting System to clarify the standards and
Employee Health Protection procedures for occupational disease prevention. Meanwhile, for high-risk positions involving dust, toxic and harmful gases,
etc.,the Company has developed special operational procedures such as the Dust Position Occupational Health Operating
New hires must undergo occupational health checks at a certified hospital before joining the Company. At the same time, Procedures and Toxic and Harmful Gas Position Occupational Health Operating Procedures to ensure that employees strictly
the company has established a comprehensive safety management system to ensure that employees receive three levels of comply with safety norms during operations.
safety training upon joining the company, systematically learning safety production regulations and operating procedures.
The Company provides personal protective gear and conducts regular health exams to monitor and address health concerns.
Additionally, the Company conducts regular occupational health risk assessments, identifies potential risks and implements
• Risk control: Strengthen source control and daily protection
necessary control measures.
• Safety training and drills:
Improve emergency response capabilities and build a solid safety line
Hazard source identification Daily inspection Labor protection equipment
The Company regularly conducts Through routine inspections and Employees are equipped with
hazard source identification work, occupational health risk warings, labor protection equipment
Regular training Emergency drills clarifies the identification scope the Company continuously moni- that meets national standards,
and process, thereby ensuring that tors working environment to ens- such as dust masks, protective
The Company conducts regular safety training with The Company annually devises and enforces emergency potential occupational disease ure that various protective mesur- gloves, protective glasses, etc.,
internal or external lecturers, providing targeted drill plans for fire safety and production safety. Through risks are discovere discovered and es are implemented. to effectively protect the occup-
occupational health and safety education for employees realistic training exercises, the company strengthens controlled in a timely manner. ational health of employees.
in various roles to ensure they possess essential safety employees' emergency response capabilities for disast-
knowledge and skills. ers and critical incidents.
People-oriented, Co-creating Value
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Case Conducting Fire Safety Drills Case Conducting Safety Drills in Confined Spaces
J i a s h a n Po w e r P l a n t ' s S a fet y
Committee held a confined space
To enhan ce fire safety an d e m e rge n c y
construction safety drill in line with
response at Linhai Power Plant, a drill was
their annual training schedule. The
held in November 2024. It covered fire safety
drill involved opening, testing and
basics, prevention, escape methods and the
construction phases, with particip-
use of firefighting equipment. Employees
ants equipped with safety gear and
practiced extinguishing fires on a simulated
emergency supplies. Their collabo-
site, overcoming fears and improving their
rative efforts ensured the drill's
s k i l l s . T h e d r i l l b o o ste d d e pa r t m e n ta l
smooth execution and achieved its
cooperation, equipment handling proficiency
goals.
and emergency response, setting a strong
foundation for future safety production.
Case Conducting a Fire Safety Knowledge Contest Case Occupational Disease Prevention Training
Weiming Shengqing Company organized a fire safety contest themed "National Fire Protection, Life First" in In March 2024, Jieshou Power Plant conducted occupational disease retraining to boost safety awareness and
December 2024 to enhance staff awareness and emergency response skills. The contest featured three formats: identify workplace hazards, especially for the high-temperature season. The training focused on the impact of
multiple-choice, true/false and descriptive questions, focusing on fire regulations, emergency procedures and high-temperature operations on health, heatstroke prevention and occupational health monitoring. It aimed to
equipment use. This initiative fostered a culture of fire safety awareness and engagement among employees. reinforce heatstroke prevention measures, improve employee safety awareness and ensure safe production at the
plant.
Appendix
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Appendix 1： Appendix 2：
Index Table of the Guidelines for Sustainability Report Index for Alignment with GRI Standards on Sustainability
Index Table for Alignment with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-
Sustainability Report (Trial)
Reporting (2021)
Disclosure Requirements Corresponding Chapters in This Report GRI Standards Disclosure Items Report Sections
Addressing Climate Change Response to Climate Change About This Report
About Weiming Environment Protection
Pollutant Emissions Treatment of Three Wastes
Waste Treatment Treatment of Three Wastes
Ecosystem and Biodiversity Conservation Biodiversity
Environmental Compliance Management Optimizing Environmental Management
Energy Utilization Energy Utilization
GRI 2: General Disclosures 2021
Improve the Governance Structure to Strengthen the Foundati-
Water Resources Utilization Water Resources Utilization on for Development
Protect the Ecological Foundation & Create a Green Future
Circular Economy Circular Economy
People-oriented, Co-creating Value
Rural Revitalization Rural Revitalization
Social Contribution Social Contribution
Innovation-driven Development Innovation-driven
It is not involved. The Company's core businesses are concentrated on envir-
onmental governance, equipment manufacturing and R&D and manufactur- 3-1 Materiality Analysis
ing of new energy materials. It does not involve fields such as gene editing
Technology Ethics GRI 3: Material Topics 2021 3-2 Materiality Analysis
and artificial intelligence ethics. There are no topics related to technology
ethics involved in its business activities and such topics have not been
included as material issues by Weiming Environment Protection.
GRI 201: Economic Performance
Supply Chain Security Supply Chain Security 201-2 Response to Climate Change
Equal Treatment of Small and Medium-sized
Equal Treatment of Small and Medium-sized Enterprises 205-2 Anti-corruption and Anti-unfair Competition
Enterprises
GRI 205: Anti-corruption 2016
Safety and Quality of Products and Services Product Quality and Safety
GRI 206: Anti-unfair Competition
Data Security and Customer Privacy 206-1 Anti-corruption and Anti-unfair Competition
Data Security and Customer Privacy Protection Practices 2016
Protection
Employee Employment and Diversity 302-1 Energy Utilization
Occupational Health and Safety
Employees GRI 302: Energy 2016 302-3 Energy Utilization
Talent Cultivation and Development
Employee Rights and Benefits
Due Diligence Stakeholder Engagement
Stakeholder Engagement Stakeholder Engagement
Anti-commercial Bribery and Anti-corruption Anti-corruption and Anti-unfair Competition
GRI 303: Water and Effluents 2018 303-3 Water Resources Utilization
Anti-unfair Competition Anti-corruption and Anti-unfair Competition
Corporate Governance Optimizing Corporate Governance Structure
Risk and Compliance Management Risk and Compliance Management
Appendix
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
GRI Standards Disclosure Items Report Sections GRI Standards Disclosure Items Report Sections
GRI 305: Emissions 2016
GRI 415: Public Policy 2016 415-1
Product Quality and Safety
GRI 416: Customer Health and Safety 416-1 Product Quality and Safety
GRI 306: Waste 2020 306-2 Treatment of Three Wastes
GRI 308: Supplier Environmental
Assessment 2016 308-2 Supply Chain Security
GRI 418: Customer Privacy 2016 418-1 Data Security and Customer Privacy Protection
GRI 401: Employment 2016
GRI 403: Occupational Health and 403-5 Occupational Health and Safety
Safety 2018 403-6 Occupational Health and Safety
GRI 404: Training and Education 404-1 Talent Cultivation and Development
GRl 406: Training and Education
GRI 409: Forced or Compulsory Employee Employment and Diversity
Labor 2016 Supply Chain Security
Appendix
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Appendix 3： Environmental Category Key Performance
Indicator Unit 2022 2023 2024
Issue
Circular Economy Waste Recycling Volume Tons 1,873,586 2,600,307 3,235,485
Environmental Category Key Performance
Municipal Water Supply Cubic Meters 4,397,966 5,944,737 5,571,435
Secondary
Indicator Unit 2022 2023 2024 Circulating & Reclaimed Water Cubic Meters 685,215 1,205,756 1,631,936
Issue Water Resource
Management Surface Water Cubic Meters 5,020,231 7,234,430 8,141,044
Optimizing Sudden Environmental Incidents Times 0 0 0
Environmental
Management Environmental Protection Investment Ten Thousand RMB 42,824 42,254 53,294 Groundwater Cubic Meters 694,267 938,282 808,804
- Comprehensive Indicators - Exhaust Gas
Tons of Standard - Total Exhaust Gas Emissions Cubic Meters 3.05×1010 3.69×1010 4.24×1010
- Comprehensive Energy Consumption 14,969 13,231 28,574
Coal
- Particulate Matter (PM) Emissions Tons 166 214 180
- Scope 1
- Sulfur Oxides (SOx) Emissions Tons 797 1,253 1,571
- Coal Usage Tons 1,496 2,601 10,932
- Nitrogen Oxides (NOx) Emissions Tons 4,576 5,643 6,401
- Gasoline Usage Liters 300,690 326,815 217,801
Pollutant - Wastewater
- Diesel Usage Liters 3,596,133 3,502,360 6,206,067
Emissions - Total Wastewater Discharged Cubic Meters 630,422 17,095,464 19,929,087
- Liquefied Petroleum Gas (LPG) Tons 35 35 42
- COD Emissions Tons 29 322 381
- Fuel Oil (for Boilers) Tons 2,588 4,067 4,280
- BOD Emissions ② Tons 3 82 ② 74
- Natural Gas Cubic Meters 2,400 57,607 168,016
- Ammonia Nitrogen (NH3-N) Emissions Tons 2 16 9
Tons of Standard
- Direct Energy Consumption 13,249 10,234 23,906 - Suspended Solids Emissions Tons 3 57 57
Coal
- Scope 2 - Total Phosphorus (TP) Emissions Tons 0 4 4
Megawatt-hours Total Slag Production Tons 2,010,357 2,606,630 3,074,907
- Total Purchased Electricity 13,996 24,379 37,989
(MWh)
Energy Utilization Total Sludge from Leachate Treatment Station Tons 29,747 43,432 50,155
- Self-Generated Renewable Energy Usage
Megawatt-hours Total Recycling Volume of General Solid Waste Tons 1,873,586 2,600,307 3,235,485
(Waste Incineration Power Self-Consumption 598,302 695,733 787,012
(MWh)
+ Photovoltaic Power Self-Consumption)
Total Fly Ash Solidified Block Production Tons 279,045 334,577 361,050
Tons of Standard
- Indirect Energy Consumption 1,720 2,996 4,668 Waste Treatment Total Raw Fly Ash Production Tons 202,277 264,125 300,417
Coal
- Clean Energy Total Hazardous Waste (Waste Oil) Production Tons 50 19 28
Megawatt-hours Total Waste Filter Bags Tons 63 41 52
- Clean Energy Usage 598,305 695,809 788,829
(MWh)
Total Waste Oil Barrels Tons 8 9 5
- Natural Gas Cubic Meters 2,400 57,607 168,016
Total Waste Resin Tons 1 0 0
- Natural Gas Proportion % 0.004 0.08 0.18
Megawatt-hours
- WTE 598,302 694,851 783,425
(MWh)
- Proportion of WTE % 83 86 77
Megawatt-hours
- Photovoltaic Power Generation 0 882 3,587
(MWh)
Notes:
- Photovoltaic Power Generation Proportion % 0 0.11 0.35
"-"：The symbol "-" in the Key Performance Table represents tertiary issues and their corresponding indicator items.
Total GHG Emissions Tons of CO2
(Scope 1 + Scope 2) Equivalent
：Scope 2 GHG emissions are calculated using a location-based method, based on the national average carbon dioxide emission
factor for electricity. According to the 2024 announcement jointly issued by the Ministry of Ecology and Environment and the
Addressing Tons of CO2
Scope 1 GHG Emissions 15,792 14,827 57,003 National Bureau of Statistics, titled Announcement on the Release of the 2022 Power Carbon Dioxide Emission Factors, the national
Climate Change Equivalent
average carbon dioxide emission factor for electricity in 2022 is 0.5366 kg/kWh.
Tons of CO2
Scope 2 GHG Emissions ① 8,172 13,904 20,384
Equivalent ②
：This data includes emissions from the Yongjia Wastewater Treatment Plant.
Appendix
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Key Performance in Social Category Key Performance in Social Category
Secondary Secondary
Issue
Indicator Unit 2022 2023 2024 Issue
Indicator Unit 2022 2023 2024
Safety and Quality Amount involved in major safety and quality liab- Employee Social Insurance Coverage Rate % 100 100 100
Ten Thousand
of Products and bility accidents related to products and services 0 0 0 Employment and
RMB Ten Thousand
Services during the reporting period Employee Welfare Expenses 3,314 3,994 4,278
Rightss RMB
Confirmed complaints about violations of custo-
Cases 0 0 0 - Work Safety
mer privacy rights and loss of customer data
Data Security and Ten Thousand
Ten Thousand - Work Safety Expenditure 698 3,252 3,237
Customer Privacy Amount involved in data security incidents 0 0 0 RMB
RMB
Protection - Number of Safety Accidents Cases 17 32 22
Amount involved in customer privacy leakage Ten Thousand
incidents RMB
- Work-Related Injuries
Total number of employees Persons 3,312 3,424 4,198
- Number of Employees Covered by Insurance Persons 3,312 3,424 4,198
- By Gender
Ten Thousand
- Number of female employees Persons 602 601 682 - Employee Insurance Investment 124 154 197
RMB
- Number of male employees Persons 2,710 2,823 3,516
Occupational - Employee Insurance Coverage Rate % 100 100 100
- By Age Group
Health and Safety
- Work Safety Liability Insurance Coverage Rate % 100 100 100
- Employees under 30 years old Persons 1,213 1,339 1,643
- Number of Employees Died in Work-Related
- Employees aged 30 to 50 Persons 1,752 1,774 2,165 Persons 0 0 2
Incidents
- Employees over 50 years old Persons 347 311 390
- Proportion of Employees Died in Work-
% 0 0 0.04
- By Work Location related Incidents
- Number of employees working in mainland - Working Days Lost Due to Work-Related
Persons 3,312 3,410 3,819 Days - 1,462 1,612
China Injuries
- Number of employees working overseas Persons 0 14 379 - Employee Physical Examinations
- By Job Level - Number of Employees Examined Persons 3,312 3,424 4,198
Employee - Number of frontline employees Persons 2,730 2,799 3,449 - Physical Examination Coverage Rate % 100 100 100
Employment and - Employee Training
- Number of middle management employees Persons 410 479 542
Rights
Ten Thousand
- Number of senior management employees Persons 172 146 207 -Total Training Expenditure 48 100 107
RMB
- Number of female managers
-Total Number of Trained Employees Persons 1,650 3,265 4,116
- Number of female middle managers Persons 42 55 45
- By Gender
- Number of female senior managers Persons 14 10 28
- Female Employees Trained Persons 297 501 651
- By Professional Category Employee
Training and - Male Employees Trained Persons 1,353 2,764 3,465
- Technical personnel Persons 944 399 1,066
Development Training Coverage Rate % 50 95 98
- Sales personnel Persons 12 248 105
Total Training Hours Hours 26,400 47,091 63,160
- Administrative and financial personnel Persons 578 717 637
- By Gender
- Production personnel Persons 1,778 2,060 2,390
- Total Training Hours (Female) Hours 4,752 6,093 9,984
- By Educational Background
- Total Training Hours (Male) Hours 21,648 40,998 53,176
- Master's degree or above Persons 69 64 73
Average Training Hours per Employee Hours 16 14 15
- Bachelor's degree Persons 865 949 1,068
- Junior college degree or below Persons 2,378 2,411 3,057
Appendix
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Key Performance in Social Category Key Performance in Governance Category
Secondary Secondary
Issue
Indicator Unit 2022 2023 2024 Issue
Indicator Unit 2022 2023 2024
- By Gender Number of Strategy and ESG Committee Meetings Times 4 3 1
Employee
Training and - Average Training Hours (Female) Hours 16 12 15 Number of Motions Reviewed by the Strategy and
Items 12 13 1
Development ESG Committee
- Average Training Hours (Male) Hours 16 14 15
Number of General Shareholder Meetings Times 2 4 1
Total Number of Suppliers Companies 6,602 5,246 6,266
Including Extraordinary Shareholder Meetings Times 1 3 0
Suppliers in Mainland China Companies 6,592 5,217 6,147 Board of
Supply Chain
Directors and Number of Motions Reviewed at Shareholder
Suppliers in Hong Kong, Macau, Taiwan and Items 25 22 12
Security Companies 10 29 119 General Meeting Meetings
Overseas
of Shareholders
Number of Board of Supervisors Meetings Times 10 15 6
Total Number of New Suppliers Companies 2,771 2,622 3,000
Number of Motions Reviewed by the Board of
Ten Thousand Items 43 43 23
R&D Investment Amount 8,451 9,987 11,433 Supervisors
RMB
Number of Interim Announcements Released Documents 128 118 94
R&D Investment as % of Main Business Income % 1.90 1.66 1.59
Innovation-
Number of Regular Reports Released Documents 4 4 4
Driven Number of R&D Personnel Persons 332 363 377
E-Interaction with Investors Times 47 39 51
Proportion of R&D Personnel % 10 11 9
Investor Conference Calls Times 9 9 7
Number of Patents and Software Copyrights Cases 210 263 342
Earnings Briefings Held Times 3 3 3
Rural Ten Thousand
Rural Revitalization Investment 38 79 376 Investor
Revitalization RMB Participation in Fund Companies' Reverse
Relations Times 5 5 22
Roadshows
Social Ten Thousand Management
Social Welfare Donation Amount 261 971 168
Contribution RMB On-Site Reception for Research Activities Times 5 6 11
Key Performance in Governance Category Participation in Offline Brokerage Strategy Meetings Times 8 8 20
Investor Question Response Rate % 100 100 100
Secondary
Issue
Indicator Unit 2022 2023 2024
Number of Sanction Cases for Unfair Competition Cases 0 0 0
Anti-Unfair
Number of Board Members Persons 9 9 9
Amount Involved in Lawsuits or Major Administrative Ten Thousand
Competition 0 0 0
Number of Female Board Members Persons 1 1 1 Penalties due to Unfair Competition RMB
Number of Independent Directors Persons 3 3 3 Number of Directors Receiving Anti-Bribery and
Persons 9 9 9
Anti-Corruption Training
Proportion of Female Directors on the Board % 11 11 11
Proportion of Directors Covered by Anti-Bribery and
Proportion of Independent Directors on the Board % 33 33 33 % 100 100 100
Anti-Corruption Training
Number of Board Meetings Held Times 13 21 10
Number of Management Employees Receiving
Number of Motions Reviewed by the Board Items 57 70 36 Persons 541 575 697
Board of Training
Number of Audit Committee Meetings Times 5 5 4 Anti-Bribery and
Directors and Proportion of Management Employees Covered by
Anti-Corruption % 93 92 93
General Meeting Number of Motions Reviewed by the Audit Training
Items 14 14 12
of Shareholders Committee
Number of Frontline Employees Receiving Training Persons 710 784 1,035
Number of Nomination Committee Meetings Times 1 2 0
Proportion of Frontline Employees Covered by
% 26 28 30
Number of Motions Reviewed by the Nomination Training
Items 1 2 0
Committee
Number of Corruption Lawsuits Filed Against the
Cases 0 0 0
Number of Remuneration and Appraisal Committee Company or Employees
Times 1 1 1
Meetings
Number of Motions Reviewed by the Remuneration
Items 1 3 1
and Appraisal Committee
Assurance Statement
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Feedback Form
WEIMING Stock name: Weiming Environment Protection Weiming Environment Protection
Feedback Form
Thank you for reading the "Weiming Environment Protection 2024 ESG (Environmental, Social and Governance) Report"!
In order to better provide valuable information to you and other stakeholders and at the same time facilitate your
supervision of the Company's sustainable development management work and improve our ability and level in fulfilling
our sustainability responsibilities, the Company sincerely hopes that you can evaluate this report and put forward your
valuable opinions and suggestions.
You can choose the following ways to provide your feedback and suggestions:
Telephone：0577-86056018
Email：ir@cnweiming.com
Address: 16th Floor, Tongren Hengjiu Building, No. 525 Shifu Road, Wenzhou, Zhejiang Province, China
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