Sustainability Report
Sustainability Report
Contents
Introduction 01 Sustainable Corporate
Governance
Quality
Co -construction
Deepening Corporate Governance 23 Creating Quality Services 67 Promoting Win -Win Cooperation 101
Message from Chairman 03
Upholding Party Leadership 24
Promoting Technological Innovation 73 Co -creating Social Value 106
Deepening Integrity Building 27
Statement of the Board of
Directors Implementing Compliance Operation 34
About us 07
Sustainability Governance 09 Green Circular Product
Philosophy
Development
Addressing Climate Change 41
Improving Intrinsic Safety 83
Honors and Awards 17 ESG Key Performance Table
Promoting Circular Economy 55 113
Safeguarding Employee Rights 89
Protecting Ecological Environment 59 Index Table 125
Key Performance in 2025 19
Strengthening Environmental Supporting Employee Development 94
Management
Sustainability Report
Introduction Terms and definitions
During the Reporting Period, the following terms shallhave the definitionsstated below, unless otherwise indicated:
This report describes the performance of Beijing New Building Materials Public Limited Company (hereinafterreferred to as
"BNBM", "the Company", or "we") in sustainabilityand socialresponsibilityfulfillmentin 2025 ,aiming to facilitate
communication
"China" The People's Republic of China
with stakeholders and respond to their concerns . The Board of Directors of BNBM is fullyresponsible for the Company's
sustainable development, and the report has been reviewed and approved by the Board of Directors.
"ESG" Environmental, Social and Governance (ESG)
General Secretary Xi Jinping proposed that "China willscale up itsIntended Nationally
Determined Contributions by adopting more vigorous policiesand measures . We aim to
"30 .60 " have CO 2 emissions peak before 2030 and achieve carbon neutralitybefore 2060 " at the
Reporting period
General Debate of the 75 th Session of the United Nations General Assembly, i.e.,"Carbon
Peaking and Carbon Neutrality"
Unless otherwise specified,the reporting period is from January 1, 2025 , to December 31 , 2025 (hereinafterreferred to as "the
year" or "the reporting period").
"CNBM" China National Building MaterialGroup Co .,Ltd.
"CNBM Company" China National Building MaterialCompany Limited
"Dragon Brand Company" BeijingNew Building MaterialsPublic Limited Company Dragon Brand Company
Reporting scope
"Taishan Gypsum" Taishan Gypsum Co .,Ltd.
The entityof thisreport isBeijingNew Building MaterialsPublic Limited Company (BNBM) .The report mainly covers sustainability
performance relatedto the Company's core business, as well as related policiesand management during the reporting period. "Dream Brand New Materials" Dream Brand New MaterialsCo .,Ltd.
"BNBM Waterproof" BNBM Waterproof Co .,Ltd.
"BNBM Coating" BNBM Coating Co .,Ltd.
Reporting cycle
"BNBM Carpoly " BNBM Carpoly Coatings Group Co .,Ltd.
The sustainability
report of BeijingNew Building MaterialsPublic Limited Company isan annual report,released periodicallyevery
year. "InternationalCompany" BNBM InternationalCompany
Preparation basis
Report access
This report isprepared in accordance with the Shenzhen Stock Exchange Guidelines No . 17 for Self-disciplineRegulation of Listed
Companies - SustainabilityReport (Trial)(hereinafterreferredto as the Guidelines),the Shenzhen Stock Exchange Guidelines No .3
The download linksfor the electronicversion are listedbelow :
for Self-disciplineRegulation of Listed Companies - SustainabilityReport Compilation (2026 Revision), and the Study on ESG
Special Report Compilation for Listed Companies Controlled by Central Enterprises issued by SASAC . It also refers to the Shenzhen Stock Exchange :https://www .szse.cn
SustainabilityReporting Standards (2022 ) released by the Global Reporting Initiative (GRI),the Guidance on Social Responsibility
Cninfo:www .cninfo.com .cn
(ISO 26000 :2010 ) issued by the International Organization for Standardization, the National Standard Guidance on Social
Responsibility (GB/T 36000 ), and the United Nations' 2030 Sustainable Development Goals (SDGs) . The evaluation results of The official
website of BNBM :https://www .bnbm .com .cn
material issues,analyzed according to the reporting principlesin the aforementioned guidelines and standards, also serve as the
basis for selectinginformation for disclosure. This report is published in both Chinese and English. In case of any inconsistency
between the two versions,the Chinese version shallprevail.
Other ESG Information
Information description In addition to thisreport,the Company has publiclyreleased a seriesof ESG policy statements, including the Environmental Policy
Statement, Occupational Health and Safety Policy Statement, Anti-Corruption Policy Statement, Code of Business Ethics and
The historicalinformation quoted in thisreport is finalstatistics
. In case of any inconsistency between the financialinformation Conduct, Human Rights Policy Statement, Supplier Code of Conduct, Sustainable Supply Chain Management Policy Statement,
and the annual report, the annual report shall prevail. Unless otherwise specified,the financialfigures in this report are Information Security and Privacy Protection Policy Statement, and Tax Policy Statement, which are detailed on the Company's
determined in CNY . officialwebsite .
Sustainability Report
Message from Chairman
Forging Nation Strength, Engineering a Green IntelligentFuture .
In 2025 , BNBM navigated significantcyclicalheadwinds and structural market shifts . By
executing our "One Body, Two Wings and Global Layout" strategy,we delivered resilient,
high-
quality growth, demonstrating our abilityto thrive even in challenging environments . Our
progress isunderpinned by three core pillars
:Robust governance, green transformation, and a
people -centricorganizationalculture.
This year, we consolidated our foundational governance framework and achieved landmark strategic milestones to lay out This year, we ralliedour people through a human -centric culture, upheld safety as our absolute bottom line,and
an inspiring blueprint for future growth . We embedded our core values into a unified corporate governance system, upholding put our employees at the heart of our development, building a new ecosystem of diversity and inclusion.
the deep integration of Party building leadership and corporate governance . Through the implementing our Nine -Grid Adhering to the principleof "people first, lifefirst",
the Company has comprehensively advanced the development of
Management Approach, we streamlined our organizational structure and enhanced decision-making mechanisms to elevate Level 1 Work Safety standardization. We rolled out the Anzhitong intelligentsafety system across 108 enterprises,
governance efficiency . Deepening our strategic roadmap of the "Four Transformations," the Company is spearheading a achieved zero work -related fatalities, and continuously fortifiedour defense lines for safety and environmental
comprehensive pivot from commercial to residential, urban to rural,base materials to surface finishes,and products to integrated protection. We streamlined our organization into a flat,agile structure to drive internalvitality
. Our global expansion
services. This pivot has accelerated our evolution from a green building material manufacturer into a provider of systemic continues to outperform : our new bases in BNBM Tanzania, BNBM Central Asia, and BNBM Thailand all achieved
solution-based services. Our core business segments —gypsum board, waterproofing, and coatings—delivered strong synergies, profitability
within theirfirstyear of operation.We activelyparticipatein cross-culturalintegrationpilotprograms, with
furtherconsolidating our "One Body, Two Wings and Global Layout" development pattern. Our operating performance remained BNBM Tanzania and BNBM Central Asia selected as pilot entitiesby SASAC, setting benchmarks for Chinese brands
firmlyat the forefrontof the industry. In 2025 , the Company was included in the listof the "Central Enterprises Brand Guidance expanding globally. We remain committed to our social responsibilities,focusing on rural revitalizationand
Action", the restructuring case of BNBM and Carpoly was inducted into the case library of Tsinghua University School of educational assistance,and philanthropy, continuously giving back to the communities where we operate . Our goal is
Economics and Management, and the brand influence continued to rise steadily. From laying a solid foundation to building inclusivegrowth —creatingshared value of BNBM that benefitssocietyat large.
surging momentum, we have answered the callof our times, writing a vibrant,dynamic BNBM chapter amid the tide of industry
development . We have navigated the most difficultchallenges and are now beat the drum to set
This year, we leveraged sustainabilityas our primary engine for growth and long -term value creation . Sustainability is no sailfor a new voyage .
longer an option but integrated into our entire value chain under the “Green Building Future” philosophy . In 2025 , our Looking back at 2025 , the stabilityof our governance underpinned our growth momentum, green initiatives
deepened
comprehensive energy consumption per CNY 10 ,000 output value decreased by 0.74 % year-on -year. Non -fossil energy our transformation, and our human -centric culture litup our path forward . In 2026 —the inaugural year of our 15 th
consumption reached 134 ,400 tons of standard coal equivalent,while installedphotovoltaic power generation capacity grew by Five-Year Plan—we willanchor our focus on the key tasks for the startof the plan period.With innovation as our enabler,
improves its green manufacturing system and drives the development of new productive force through scientificand a world -class demonstration enterprise with outstanding products, a preeminent brand, leading innovation, and
technological innovation. We established the Central Research Institute, builta three-tierscientific
and technological innovation modern governance, contributing stronger BNBM to the high-quality development of the global building materials
system, tackled ‘bottleneck’ technologies, and successfullybuiltChina‘s firstintelligentgypsum board production linewith industry!
independent intellectualproperty rights. We maintained an R&D intensity of 4.13% , holding 7,674 authorized patents and
participatingin 318 international, national,and industrialstandards . We have struck a resounding BNBM chord of "intelligent
manufacturing for the future,green power for China" in the wave of global industrialdevelopment .
Sustainability Report
Statement of the Board of Directors
The Board of Directorsof BNBM activelyembraces the concept of sustainable development and continuously improves
the ESG management system to drive the Company's sustainable growth . As the highest decision-making authority for
sustainable development, the Board of Directors is fullyresponsible for the Company's sustainable development
strategyand coordinates the ESG management effortson thisbasis.
The Strategy and ESG Committee of the Company is responsible for the overall coordination, supervision and
management of the Company's ESG strategies,policiesand objectives,as well as the identificationof related risksand
opportunities. The Committee also regularlyreports to the Board of Directors on major ESG matters and ensures that
the Board of Directorsiswell-informed of the work progress on important ESG matters .The Board of Directorsregularly
listensto and reviews reports from the Strategy and ESG Committee on ESG work progress and provides guidance on
the ESG policies. Relevant management of the Company is responsible for the implementation of the ESG strategies
and objectives,and regularly reports to the Strategy and ESG Committee on major ESG matters . The Company
organizes relevant institutionsto provide special training for the Board of Directors from time to time, to help the
Board of Directors to understand the latestESG trends and outstanding ESG practices. Placing great emphasis on the
communication with stakeholders on ESG matters, BNBM identifies, evaluates and manages important ESG matters in
a proactive manner . For specificgovernance structures and assessment results,please refer to the Sustainability
Governance chapter of thisreport.
ESG riskmanagement isnow an integralpart of the Company's daily riskmanagement system . Under the guidance of
the Strategy and ESG Committee, allfunctional departments, related companies and theirbranches and subsidiaries
identifyand prevent significantESG risksin theirdaily operations and production . The Strategy and ESG Committee
reviews the identificationof and response to the relevant risksand makes regular reports on riskmanagement to the
Board of Directors.
This report discloses the aforementioned sustainability
-related matters in detailand was reviewed and approved by
the Board of Directorson March 24 ,2026 .
Sustainability Report
About us
Company Overview Corporate Culture
Beijing New Building Materials Public Limited Company (BNBM) is the new green building materials platform of China National
Building Material Group (CNBM), which isone of the Fortune Global 500 enterprises. The Company was established in 1979 under
the care of Comrade Deng Xiaoping and listedin Shenzhen Stock Exchange (000786 .SZ) in 1997 . The Company currentlyhas total Strategy
assets exceeding CNY 35 billion,annual sales revenue exceeding CNY 25 .2 billion,and over 16 ,000 employees ;with gypsum board, One Body, Two Wings and Global Layout
waterproof materials,and coatings as the three core businesses, the Company has 122 industrialbases at home and abroad . The
Two insists:
gypsum board production capacity exceeds 3.5 billionsquare meters, making itthe world's largestgypsum board and lightsteel Value operation, Sudoku
management (Nine -Grid Management)
keel industrialgroup . The waterproofing business ranks among the top three in the industry. In the coating business, BNBM
Carpoly ranks thirdin national architecturalcoatings; the century-old China Time -honored Brand "Beacon" serves major national Three Management Tools:
Focus, Innovation, Synergy
equipment, and the Gold Medal Time -honored Brand "Great Bridge" paint is a leading brand in China's industrialprotective
Four transformations:
coatings;the Company has won the Outstanding Contribution Award to the Global Gypsum Industry twice and the Global Gypsum Environmentally friendly, high
-end,
Company of the Year four times, and was awarded the "FirstPrize of National Enterprise Management Modernization Innovation digital and international
transformations
Achievement" "Manufacturing Single Champion Demonstration Enterprise" "China Green -Benefit Enterprise Best Model Award", Core Values Vision
"National May 1 Labor Award" and other honors, as a national innovative enterprise; awarded the China IndustrialAward in 2016 ;
Innovation, Performance, Create a World -class Flagship
awarded the China Quality Award again in 2022 .
Harmony, Responsibility Enterprise
Adhering to the principles of "mission-led and innovation-driven" values, BNBM fullyexploits the dual role of technological
innovation and brand building,and occupies the commanding heights of technology, brand, standards, quality,channels and Mission
resources. Itpossesses a National Enterprise Technology Center, Academician Expert Workstations, and Post-doctoral Research
Workstations . As of the end of 2025 , ithas cumulative 7,674 authorized patents, ranking firstin the industry; The Company has
Green Technology
successfullybuiltworld -renowned independent brands in the gypsum board industry—Dragon Brand and Taishan . Italso owns
several well-known brands such as Yuwang , Shuyang , Dream, Beacon, Carpoly , and Great Bridge. Products are widely used in Quality Life
national major projects,landmark buildings,and modern home living,such as the Great Hall of the People and venues for the
Olympic Games and World Expo . Code of Conduct Basic Polic
Committed to "Green Technology, Quality Life",BNBM promotes the building,cityand residentialenvironment to be greening. Reverence, Gratefulness Persistence, Transformation
BNBM also advocates circulareconomy, energy saving and prefabricated buildings,and creates a green building industry chain Courtesy, Decency Integration, Earnest efforts
throughout the lifecycle from raw materials,production, products, construction, application and recycling. Implementing the
"One Body, Two Wings and Global Layout" development strategy,the Company strengthens and expands the gypsum board and Basic Principles
"gypsum board +" sectors, accelerates the growth of the waterproofing and coating sectors, focusing on four major regions Continue to strengthen the overall
including Africa,Southeast Asia, Central Asia, and Europe & the Mediterranean . It exerts effortalong two lines—regional and leadership of the Party
business—to deepen regionalized operations from points to surfaces. The Company is accelerating its transition toward a Insist on innovation-driven development
comprehensive manufacturer and serviceprovider of consumer building materials,promoting the four transitionsof "commercial and green development
to residential,urban to rural,base materials to surface materials,and products to services". We aim to create high-quality living Adhere to new development philosophy
and high -quality development
environments to serve the needs of the people for a better lifeand accelerate the creation of a world -classflagshipenterprisewith
excellent products, outstanding brands, leading innovation, and modern governance . BNBM will firmly implement new Continue the market -oriented reform and
operation in the international environment
development concepts, vigorously promote green, high-end, digital, and internationaldevelopment, create a world -classflagship
enterprise,and serve the needs for a better life
.
Sustainability Report
Sustainability Governance
Sustainability Governance Structure Sustainability Strategy
BNBM deeply understands and activelyfulfills itssocialresponsibilityto achieve harmonious progress and common development BNBM fullyintegrates ESG concepts into business development and daily operations, continuously improving itssustainability
with allsegments of society.To furtherdeepen the implementation of the sustainability strategy,the Company's Strategy and ESG governance capabilities. The Company formulated and released a sustainabilitystrategy framework and fivestrategicpillarsin
Committee and ESG Working Group have continued to enhance theirfunctions. They strictly abide by the Working Rules for the 2023 . Guided by these, it has systematically promoted the implementation of related work and achieved a series of positive
Strategy and ESG Committee of the Board of Directors, standardize the decision-making and discussion processes for ESG progress. During this process, the Company established and improved indicators tracking and monitoring mechanisms,
matters, and have incorporated key ESG indicators into the performance appraisal and remuneration systems for senior periodicallyevaluating and dynamically optimizing the core goals of the five strategic pillarsto ensure synergy with the
management to strengthen the implementation of responsibilities. The Company has organized directorsto attend ESG related Company's overallstrategyand provide systemic support for sustainability
.
training,covering corporate governance, ESG development trends, and analysisof ESG disclosure,with a totalof 36 participants
during the Reporting Period, providing more specificguidance for the Company's sustainable development management .
Compliance, Integrity and Ethics,
Corporate Governance
The Board of Directors,as the highest decision-making authority for ESG work, is responsible for
The Board of
the Company's ESG strategy and reporting. It regularlylistensto and reviews reports from the
Sustainab ility
Directors
Strategy and ESG Committee on ESG work progress, and provides guidance on ESG policies.
G overnance
The Strategy and ESG Committee, under the Board of Directors, is mainly responsible for
conducting research on the Company's long-term development strategy and ESG -related matters
and making recommendations .The main responsibilitiesinclude:
Responsible Industry Green Circular Product
Conduct research on the Company's overall ESG management objectives, management Co -construction Philosophy
Sustainability Vision
strategyand management policies,and make recommendations .
Strategy and Resource/Energy Management,
Conduct research on the Company's ESG (including climate change) related risks and Responsible Procurement,
ESG Committee Building a High-quality Waste Management, Addressing
opportunities and make recommendations . Innovative Development
Better Life and Home Climate Change
Conduct research on the Company's significantESG matters that are subject to the approval of
through Innovation
the Board of Directorsand make recommendations .
Conduct research on other significantmatters affectingthe sustainable development of the
Company and make recommendations .
Comprehensive Talent Solutions of Higher
Development Quality
Occupational Health and Safety, Employee Rights Quality Control,
The ESG Working Group is responsible for the preliminary preparation of the Strategy and ESG Talent Cultivation and Development, Talent Attraction Customer Service
Committee's decisions on ESG matters, including collectingtopics, reports, and other relevant
ESG Working
materials on major ESG matters submitted by relevant departments or controlled (invested)
Group
enterprises,reviewing the materials, and submitting formal proposals to the Strategy and ESG
Committee . BNBM Sustainability Strategy Framework
Sustainability Report
Five strategicpillars
Solutions of Higher Quality
Taking the opportunity of low -carbon and more
diversifiedproduct demand, the Company insistson
perfecting the quality system construction,
comprehensively laying out the efficient service
network, and creating first
-class qualityproducts and
services; the Company continues to promote
industrialinnovation and research and development,
Responsible Industry Co -construction
Sustainable Corporate Governance
accelerate the key research and development
strength and core scientificresearch application The Company builds long-term and stable
Accelerate the integration of the concept of transformation efficiency,to provide customers with cooperative relationshipswith suppliers,distributors
sustainable development into the Company's healthier and safer, more low -carbon and and other partner based on the principlesof honest
management system, take root in the operational Green Circular Product Philosophy environmentally friendlybuilding solutions. cooperation and mutual benefit and promotes the
concepts of efficientgovernance, integrityand self- concept of sustainable development through
discipline,and honesty . Also continuously convey the business exchanges, technicalexchanges and friendly
With innovation as the core, the Company promotes
Company's sustainable development policy to all cooperation . The Company also maintains win -win
the "double -cycle" circular economy model of
employees, enhance the awareness of sustainable harmony with the communities in which itoperates
product circulationand production circulation,and
development among allemployees, and promote the to promote the harmonious development of the value
continuously enhances the capacity of industrialby -
steady growth of the Company . chain.
product consumption through technology
improvement and management optimization; we will
increase the usage of clean energy and promote Comprehensive Talent Development
energy saving and emission reductions in production
with technology upgrading as a key enabler,
The Company establishes a sound mechanism to
accomplishing the gradient utilization
of resources.
protect the rights and interests of employees and
health and safety,continuously improves the ability
to cultivate talents, and wholeheartedly builds a
working environment that meets the development
needs of employees, attracting, retaining and
cultivatingtalents at all levels,and promoting the
common progress of employees and the Company,
for the sustainable development of the industry to
transport the backbone .
Sustainability Report
Stakeholder Communication Stakeholders Communication channels
EnterprisePlatforms
BNBM attaches importance to communication with stakeholders, maintaining regular communication with investors through
various channels such as performance briefings,analyst meetings, on -sitereceptions,the Shenzhen Stock Exchange's interaction Suggestion boxes and labor union
platform, new media, telephone, and email to continuously improve company transparency and market recognition and clarify
key future work directions. Team Building Activities
Employees
Employee SatisfactionSurveys
General StaffMeetings/Symposiums
Stakeholders Communication channels Employee Performance Appraisal Interviews
Shareholders' General Meeting Telephone/Email
Press Releases/Announcements Meetings and Interviews
Annual/Interim Results Briefings Customers Customer Service Hotline
Shareholders Analyst Meetings Customer SatisfactionSurvey
Roadshows Social Media
Meetings and Interviews
Work Inspection and Supervision
Company promotion day
Supplier/Contractor Conferences
InvestorConferences Partners Telephone/Email
Press Releases/Announcements Meetings and Interviews
Potentialinvestorsand financialinstitutions Annual/Interim Results Briefings Supplier Assessments
Roadshows
Public Welfare Activities
Company promotion day
Communities and the public
Community Exchanges and Visits
Telephone/Email
Meetings and Interviews
Government and regulatoryauthorities Industry Exchange Conferences
Local Government and EnterpriseProject Cooperation Industry Associations
Industry Promotion Activities
Regular Reporting on EnterpriseConditions
Sustainability Report
Materiality Assessment Assessment and Confirmation of Issue Materiality
Impact materialityassessment : Widely collectopinions from internaland external stakeholders through
BNBM integratesthe assessment of material issues into the Company's overallriskmanagement process, conducting materiality
questionnaires and conduct a comprehensive evaluation from two dimensions : "severity of impact"
assessments annually. In 2025 , in accordance with the requirements of the Shenzhen Stock Exchange's Guidelines and with
(scale,scope, irremediable nature) and "likelihood of impact" . Integrate multi-stakeholder evaluation
reference to mainstream domestic and internationalsustainabilitystandards, the Company systematicallyconducted an issue
resultsand referto internaland external expert opinions to form the finalimpact materialityassessment
assessment based on the "double materiality"framework for the firsttime .
results
Financial materiality assessment : Organize senior executives, heads of business and functional
departments, and relevant experts to analyze the potential impact of each issue on the Company's
financialposition,operating results,and cash flow in the short, medium, and long term from the two
Based on the 21 core issues set by the Guidelines and combined with the industry characteristics of the Company as a dimensions of "likelihoodof financialimpact" and "degree of financialimpact"
green building materials industry platform, the Company added specificissues to form an assessment listtotaling 23
issues.
Disclosure of Material Issue Information
The Company integratesthe assessment resultsof impact materialityand financialmateriality,clarifies
The Company followed the four core steps for "double materiality"assessment stipulated in the Guidelines, identifyingthe the distributionof each issue under the dual dimensions through matrix analysis,and sets materiality
short/medium/long -term financialimpacts of the issues on the Company, as well as the actual and potential impacts of the thresholds based on company strategyand riskmanagement requirements to finallydetermine the listof
Company's performance on each issue on the economy, society,and environment, in which the specificanalysis process is as high-priorityissues with "double materiality"
follows:
Reviewed and confirmed by the Company's highest ESG governance body as the substantive basis for
content disclosurein thisreport
Understanding the Context of Company Activities and Business Relationships
BNBM Materiality Assessment Matrix
Understand company activitiesand business relationships: Analyze the Company's business plans,
strategies,and financialstatements ; examine the Company's activities,
products, and services; analyze
the Company's upstream and downstream value chains,and the nature of business relationships High
Waste Treatment
Understand the external objective environment : Analyze laws and regulatory policiesrelevant to the
Company, as well as related media reports,peer analysis,industry-specificstandards, research reports, Product and Service
Safety and Quality
and publications Pollutant Discharge
Environmental Compliance Operation
Identify main affected stakeholders: Analyze stakeholders affected by the Company's activitiesand Compliance Management
Employees
business relationships,and identifydifferentgroups of affectedstakeholders Data Security and
Anti-Commercial Bribery
and Anti-Corruption
Customer Privacy
Impact Materiality
Protection
Water Resource Utilization
Corporate Governance Stakeholders communication Innovation-Driven
Due Diligence
Anti-Unfair Competition CircularEconomy
Supply Chain Security
Ethics in Science
and Technology Ecosystem and
Biodiversity Protection
Establishing an Issue List Energy Utilization
with industry characteristics, regulatory orientation,and peer benchmarking, "Corporate Governance"
and "Compliance Operation" were furtheridentifiedas two important issues,forming a preliminary listof
Social Contribution
Rural Revitalization
Equal Treatment of SMEs
Addressing Climate Change
Low Financial Materiality High
Sustainability Report
Honors and Awards
Awarded AA Rating in Huazheng Awarded AA Rating by Wind, ranking second Awarded "2025 Model Enterprise for Investment Awarded " Tianma Award for Investor
ESG Ratings in the industry for ESG composite score Value of Listed Companies in the Housing Relations Management of Listed
Construction Supporting Supply Chain" Companies"
Selected for the S&P Global Awarded the highest Rating A (Excellent) in Awarded the first "Manufacturing Awarded Co -construction Unit of the "Good
Sustainability Yearbook 2025 (China Edition) Information Disclosure Evaluation for five Individual Champion" House Standardization Collaborative
Sustainability Yearbook 2026 (Global Edition) consecutive years Innovation Platform"
Awarded the 7th National Obtained the first batch of "China Green Ranked 16th on the TOP 30 List of the Asian Awarded "Green Transformation Pioneer
Civilized Unit Building Material Product Certification" for Coating Industry Enterprise" for the 2024 Compliance Year of
galvanized light steel keel products in the the National Carbon Market (Awarded in 2026)
green building materials industry
Sustainability Report
Key Performance in 2025
Sustainability Strategy Pillar Core Initiatives Key Performances and Highlights of Sustainable Development in 2025 Supporting UNSDGs
Female directorsaccount for 1/3
Continuously improving the modern enterprise system with Chinese characteristics
Publicly released the Code of Business Ethics and Conduct and the Anti-Corruption Policy
and promoting high-quality development ; emphasizing gender diversity among
Statement for allemployees and partners
board members ;constantly strengthen the Party conduct and integritybuilding,and
Sustainability Governance Anti-corruption training reached 64 ,374 person -times, with 100 % coverage of directors and
enhance the sense of integrityand self-disciplineof employees and partners; firmly
promote the application of the "1+N" internal control system, cultivatea sound 100 % coverage of employees
compliance culture and ensure the Company's continuous development . Organized compliance training for all levels of enterprises at home and abroad, with a
cumulative 15 ,300 person -times participatingin related training
Carbon dioxide emissions per CNY 10 ,000 of output value decreased by 3.65 % year-on -year
Implement the development concept of "Greenway Builds a Better Future", steadily
Comprehensive energy consumption per CNY 10 ,000 of output value decreased by 0.74 % year-
on -year
promote the Company's Carbon Peaking Action Plan, vigorously promote the usage
of clean energy, and optimize energy use efficiency ; continuously enhance the The annual use of clean energy (biomass fuel,photovoltaic power generation, wind power,
consumption capacity of industrial by -product gypsum of other industries, steam, etc.) accounted for 14 .61 % .
Green Circular Product
Philosophy
strengthen energy saving and emission reduction of products throughout theirlife Consumed approximately 14 .4695 million tons of industrialby -product gypsum throughout
cycle,promote the circulareconomy, and improve the performance of products in the year
terms of environmental protection; continuously strengthen environmental
500 products of the Company acquired China Green Building MaterialsProduct Certification
protection in production and operation, accelerate the realizationof "near-zero
emission" at each production base, and promote green production .
Emission intensityof sulfurdioxide and industrialparticulatematter decreased by 2.98 % and
set targets
A cumulative 33 enterpriseswere awarded the national-level"Green Factory"
With technology -led development, standardized operation, brand building, 1 QC group won a prizefor National First-Class Achievement
excellence in qualityand superior servicesas the core, speed up the transformation High sound insulationfireproofgypsum board partitionsand inorganic antibacterialinterior
into a comprehensive manufacturer of consumer building materials and service wall eco -friendlycoatings were successfullyselected for the firstbatch of high-qualityproducts
provider, pursue high-quality products and services; strengthen top -level design, in the "Good House" construction applicable building materials list
Solutions of Higher Quality establishBNBM Science and Technology Committee, and build an open innovation
system based on internal and external collaboration; accelerate key scientific
The satisfactionof the Company's distributorsat alllevelsreached 9.24 , maintaining above 9
for 6 consecutive years
research breakthroughs and the transformation and application of achievements,
deepen digitaldevelopment and application,and promote technological progress in Annual R&D investment reached CNY 1.044 billion,with R&D investment intensityat 4.13 %
the industry. Cumulative authorized patents reached 7,674 ,with 11 new internationalauthorized patents
Total investment in work safetythroughout the year amounted to CNY 130 .19 million
Adhering to the safety culture of "Stressing safety for every staffand every affair",
continuously improve the health and safety management system, orderly promote 98 enterprises within all levels of the Group obtained ISO 45001 Occupational Health and
the construction of safety standard, strengthen safety risk rectificationefficiency, Safety Management System certification
Comprehensive Talent effectivelyensure the health and safety of employees ; build a sound system to Deployed intelligentsafety systems across 108 production bases, including 31 newly added
Development safeguard the rights and interestsof employees, provide employees with a well- thisyear,systematicallydrivingthe intelligent
safetytransformation of enterprises
established career development path and a diversifiedtraining system, create a Released the 2024 Restricted Stock Incentive Plan of Beijing New Building Materials Public
diversifiedtrainingsystem and career development paths to strengthen our talent Limited Company (DraftRevision)
pool ;implement the equity incentivepolicyand grow together with employees .
Employee satisfactionhas increased for 9 consecutive years
Integrate the concept of sustainable development into the management of
cooperation with suppliers and distributors,and jointlycreate a friendlybusiness
environment ; fullyleverage internationaland domestic market resources, build a Over 60 % of long-term cooperative suppliers underwent screening and assessment for
Responsible Industry Co- complete business network, steadilydevelop overseas business, maintain friendly environmental and socialrisks
construction cooperative relationships with the places of operation, and support the Total donations and expenditures for rural revitalizationand public welfare activities
development of the local economy ; actively promote rural revitalization, green amounted to CNY 5.7908 million
building materials in rural area, public welfare initiatives
such as charity and the
promotion of traditionalcultureand the harmonious development of the society.
Sustainability Report
Corporate
BNBM continues to promote the modernization of corporate governance, attaches great
importance to business ethics,and strictlyabides by laws and regulations on anti-bribery,anti-
money laundering, and anti-unfair competition . The Company has strengthened ideological
defense, fostered a culture of integrityand implemented a number of riskprevention and control
measures, laying a solid foundation for the Company's compliance governance and integrity
operation.The Company iscommitted to building a sound cooperation mechanism with suppliers,
Governance partners, customers and other stakeholders to create an ethical and transparent business
environment .
Sustainability Report
BNBM has formulated and strictlyimplemented systems such as the Articlesof Association1 and Rules of Procedure for
Deepening Corporate Governance Shareholders' General Meetings , which fullycover governance processes including the exercise of shareholders' rights,meeting
participation,and proposal voting. Relevant systems have been reviewed and approved by the Board or shareholders' general
meetings and publiclydisclosed to effectivelyprotect the rightsof shareholders to participatein corporate governance according
BNBM faithfullyimplements the national strategic policy of "accelerating the high-end, intelligent,green, and integrated to law . The Company furtherregulates the rightsand obligationsbetween the Company and shareholders through systems such
development of the building materials industry". The Company continuously strengthens the corporate governance structure, as the Investor Relations Management System and Measures for the Management of Related Party Transactions. These systems
improves the compliance management system, and maintains the high-qualityoperation levelof the Company, strivingto achieve prevent the abuse of shareholder rightsand the impairment of minority investors'interestscaused by the management's abuse of
remarkable resultsin promoting high-qualitydevelopment . itsdominant position. The Company activelybroadens channels for institutionalinvestors to participatein governance, guides
minority investors to attend shareholders' meetings, provides convenience for theirparticipationin major decision-making and
BNBM strictlycomplies with national laws, regulations,and normative documents, such as the Company Law of the People‘s enhances investors'voice and sense of fulfillment
.
Republic of China and the Code of Corporate Governance of Listed Companies . The Company formulated and released the Board
Member DiversityPolicy Statement to continuously enhance governance efficiency,standardize governance mechanisms, and The Company has established a remuneration clawback mechanism . For management members who cause asset losses to the
consolidate a standardized operation mechanism with clearrightsand responsibilities,
as well as scientific
and efficientoperation. Company due to violationsof national laws and regulationsor failureto perform duties correctly,theircurrent performance -based
This maintains a solid foundation for the Company's sustainable and high-quality development and promotes the successful annual salary willbe deducted accordingly. Depending on the severity,part or allof the distributedperformance -based annual
achievement of strategicgoals. salaryand medium/long -term incentivebenefitsmay be clawed back .
BNBM Governance Structure
Upholding Party Leadership
BNBM deeply implements the leadership of the Party, focuses on the theme of high-quality development for a long time, unites
and leads allParty members, leading officials
and workers to overcome difficulties,
forge ahead and work hard, and promotes the
enterpriseto move forward steadilyon the road of high-qualitydevelopment with the high standard of Party building work .
Shareholders' Deliberating and General Meeting
general meetings approving
proposals High -quality Development Led by Party
BNBM regards high-quality development as itstop priority,practices "integrated accounting" approach for Party building and
business operations, continues to deepen the "Seven Focus Areas" program, creates "1+2+N" Party building brand system, and
vigorously carries out "Party building +" initiatives,effectivelytransforming the advantages of party building into business
high-qualitydevelopment .The Company iscommitted to promoting the implementation of the strategyof "One Body, Two Wings
Directors and Global Layout", with the unremitting pursuit of making good products and satisfyingthe people's desire for a better life
. In
and the 7th National CivilizedUnit.
The Board of
Areas" Program, and strengthens the organizational system . It conducted high-quality implementation of basic training
Independent Female
directors mechanisms for primary -level Party organizations. The Company focused on achieving resultsin Party building within mixed -
directors
ownership enterprises. Itspractices regarding the "FirstTopic" and mixed -ownership Party building have been shared multiple
times within and outside CNBM . BNBM implements the "integrated accounting" approach for Party building and business
Remunerati operations, enriching its"1+x+N" Party Building Brand Matrix and vigorously promoting "Party Building +" initiatives
. By aligning
Strategy and
Committee
on and
Appraisal
Committee
ESG
Committee
Nomination
Committee
Party building priorities
with the core challenges of production, operation, and reform, the Company encourages Party members
to spearhead projectsunder the "Technology Open Competition Mechanism" and tackle critical bottlenecks,fullyleveraging their
Board meetings Deliberating and exemplary and vanguard rolesin major tasks and key links.
approving
proposals
Brand Shaping Led by Party
Upholding Party leadership,BNBM deeply studies and implements the spiritsof General Secretary Xi Jinping'simportant speeches
and instructionson expanding the state-owned economy since the 18 th CPC National Congress . BNBM consciously integrates
enterprisedevelopment into the national strategiclandscape and activelypractice the mission of "green technology, qualitylife"
management
to pool strength and provides support for Chinese -style modernization . The Company has made continuous effortsin three
directions,which are brand building,brand communication, and brand globalization,achieving positiveresults
Key senior Female
managers
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Sustainability Report
Strengthening Brand Building Win -win Cooperation Led by Party
Refining the multi-dimensional linkage brand management structureof "master brand builds momentum, sub -brands lead the BNBM earnestly implemented the general requirements for party building in the new era and further promoted the integrated
charge" . Through the linkage of "visuals,marketing, activities,
and new media", BNBM optimized the brand positioning and development of party building and operation. The Company leverages the role of Party building in coordinating resources and
synergy of each business unit under "One Body, Two Wings", thereby creating a high-end and internationalbrand image and integratingforces by organizing the "Party Building Linkage, Empowering the Three Chains" action. Namely, itutilizesvarious
enhancing brand premium capabilities . Developed the "BNBM Yuyan" civilconstruction business platform, achieving full forms such as joint theoreticalstudy, Party member alliances,shared venues, resource sharing, joint activities, collaborative
coverage through a three-level architecture of flagship stores, boutique stores, and factory stores. Bringing high-quality consultation, joint talent cultivation,and mass organization linkage, BNBM conducted joint activitieswith government units,
products with deep culturalheritage into thousands of households .BNBM made a high-profiledebut at the Ministryof Housing industry associations,state-owned central enterprises,sisterunits,local colleges,and upstream and downstream supply chains.
and Urban -Rural Development's "Good House Technology Exhibition" to promote wall reforms and increasing partition This helps bridge industrialchains, stabilizesupply chains, and link innovation chains, promoting the integrated allocationand
product sales by CNY 104 million. In 2025 , the Company focused on the 4 aspects of service,integration,innovation, and close- optimization of Party building resources and development elements to achieve value synergy and co -creation,empowering high-
to-people, and innovativelypromoted the Company's brand to become a socialbrand transitionto consumption type. Total qualitydevelopment .
followers across allplatforms (including7 segments and 7 brands) exceeded 510 ,000 ; launched 9 new columns such as "Good
House Fine Construction", "Good House Good Materials","Technological Innovation", and "Model Worker Style",with total
views exceeding 2.855 million;completed the registrationof the "BNBM Yuyan" official Xiaohongshu (rednote ) account, making
brand communication more diverse and efficient .
Innovating Brand Communication
Leveraging digitalmarketing and authoritativemedia platforms like CCTV to expand brand voice, and empowering brand
communication with themed activities to tellthe "Story of BNBM" . In 2025 , BNBM brand cases were included in the teaching
cases of the Dalian Executive Education Academy . The restructuringcase of BNBM and Carpoly was included in the Tsinghua
SEM case library. The BNBM story was featured on CCTV's Cornerstones of a Great Power , and Dragon Brand was selected for
the "Central Enterprises Brand Guidance Action". Simultaneously, BNBM continued to host the "World in Harmony, Building
Dreams Together" concert, with nearly 40 ,000 viewers for the live stream and nearly 200 ,000 likes,showcasing the brand
warmth and culturalheritage of an industrialenterprise; collaborated with Xinzhuang Village,Changping Districtto create a
sunset concert, integratingchic domestic products with bustling markets, vividlypracticing the integrated development of
villagesand enterprises; cooperated with multiple units in Beijingand Shanghai to launch the "Swift Carries New Vigor,Marks
Made in Shanghai" brand pop -up event.This promoted traditionalculture while highlightingconfidence in domestic products,
with a live stream reaching over 43 ,000 viewers and over 102 ,000 exposures, receiving praise from central media and
continuously enhancing brand influenceand competitiveness .
Promoting Brand Globalization
Aligningwith the construction of overseas bases, we output unifiedBNBM brand standards and images, using high brand value BNBM party building activities
to support the accelerated growth of the "Second Curve" . In 2025 , we successfullyachieved breakthroughs in cross-cultural
integration projects. BNBM Tanzania and BNBM Central Asia were selected as SASAC cross-cultural integration pilots and
participated in the 2025 (8th) China Enterprise International Image Communication Campaign, establishing a good
internationalimage .
Cultural Construction Led by Party
To deepen the study and implementation of Xi Jinping Thought on Socialism with Chinese Characteristicsfor a New Era and fully
implement the spiritof the 20 th CPC National Congress, the Company organizes allparty members to activelycarry out various
party building activities,
continues to increase the vitalityof grassroots Party organizations,and effectivelypromoted the deep
integration of party building and production and operation. BNBM vigorously inheritsthe unique red culturalgenes of state-
owned enterprises,builds a modern enterprise culture system, internalizesthe Party'spropositions into the spiritualpursuits of
enterpriseworkers and externalizesthem into conscious actions,and gathers wisdom and strength for the Company to overcome
difficulties
and transform and develop .
Sustainability Report
Party Conduct and IntegrityBuilding
Deepening IntegrityBuilding
BNBM continues to strengthen the building of integrityculture in the new era, persistentlyimplements the spiritof the Central
Eight-Point Regulation and itsimplementation rules,thoroughly implements the responsibilitysystem for Party conduct and The Company has formulated and continuously refined 25 systems related to Party conduct and integrity building, continuously
integritybuilding,and promotes the "Three Non -corruptions" principles(Dare not corrupt,cannot corrupt,and willnot corrupt) in improving mechanisms for sharing supervision information, promoting work, and utilizing results to facilitate the coordinatio
n
an integrated manner . BNBM deeply roots the culture of integrity,constantly enhancing employees' awareness of self-discipline and integration of the "Big Supervision" system .
and theirabilityto resistcorruption and prevent degeneration .
In 2025 ,the Company carriedout a seriesof systematic tasks centered on Party conduct and integritybuilding:
Governance
Deepened the construction of the responsibility system
The Company integrates Party conduct and integritybuilding into production and operation work, establishing an integrity
All41 subordinate Party organizations signed the Letter of Responsibilityfor Party Conduct and Integrity
governance structurewith clearrightsand responsibilities . The Party Committee effectivelyfulfills
itsprimary responsibility,with
Building. The evaluation resultsof the responsibilitysystem were directlylinked to the performance of
the Secretary of the Party Committee assuming the role of the person primarily responsible. Members of the leadership team
strictlyimplement "double responsibilities performs its specialized functions of
strengthening the momentum for implementation and supervision
assistance and supervision,forming an integritygovernance mechanism with clearmain responsibilities, defined divisionof labor,
and a closed-loop supervision system .
Strengthened the integrity and self-discipline of leading officials
Strategy Organized 91 leading officialsto sign the Letter of Integrityand Self-disciplineCommitment , prompting
BNBM strictlycomplies with laws, regulations, Party rules, and disciplineregarding anti-corruption and integrity . We have
formulated and improved a seriesof internalpoliciesand systems, such as the Measures for the DisciplineInspection Committee
of BNBM on Replying to Opinions on Party Conduct and Integrityand the Measures for the DisciplineInspection Committee of
responsibilities,
integrity
implementing the Central Eight-Point Regulation, and standardizing their professional
conduct . They strictlyimplement systems such as reporting of major matters, recusal post recusal,and
the " Three Important Matters and One Major Decision" system to resolutely prevent behaviors like
BNBM on the Management of Problem Clues ,to continuously advance anti-corruption and integrity
. interesttransferand "relyingon the enterpriseto eat the enterprise"
business
t. manage
Strengthened supervision, discipline enforcement, and accountability
supervision of the fulfillmentof integritycommitments . For discovered violations,we strictlypursue
responsibilitybased on Party discipline,national laws, and company systems to effectivelymaintain the
rigidityand binding forces of disciplineand rules
The Company implements the Code of Business Ethics and Conduct and the Anti-Corruption Policy Statement for allemployees,
covering multiple aspects such as bribery and corruption, discrimination,information confidentiality,
conflictsof interest,anti-
monopoly/anti -competitive behavior, money laundering and/or insidertrading,whistleblowing, environment, health,and safety.
The Company's Anti-Corruption Policy also applies to stakeholders who have business dealings with the Group . Itis also known
that bribery isconducted though illegaland improper payment methods such as kickbacks, bribery isdisguised as donations and
sponsorship, and bribery iscarriedout through politicaldonations .
The Company includes the Code of Business Ethics and Conduct in the scope of employee performance assessment, and links
employees' compliance with the Code to theirremuneration . We take a "zero-tolerance" attitude toward violationsof business
ethics. Any employee who directlyor indirectlyviolates the requirements of the code will be given Party or administrative
discipline,or organizational or administrative handling according to the severityof the case, and their remuneration will be
deducted according to the Implementation Rules for Compensation Deduction of Principals of Group Member Enterprises
Receiving Party or Administrative Discipline,ensuring the code isstrictly
enforced .
frontlinesupervisionforcein grassrootsbranches and enterprises.
Sustainability Report
Deepening awareness promotion
BNBM continues to deepen anti-corruption and integritypublicityand solidlyadvances the construction of integrityculture. In The Company carriesout activities to build Party style,integrityand anti-corruption for the Board of Directorsand allemployees
Fostering New Trends to Fortifythe Dam of the Central Eight-Point Regulation Spirit"
. Using the "1+3+N" model, we achieved full compliance with the Code of Business Ethics and Conduct . This year, business ethics training,including anti-corruption, covered
coverage of Party members, leading officials, and personnel in key positions across all levels of enterprises in terms of allemployees, interns,suppliers,and contractors.
participationrange, core content, and implementation effects. We improved the "146 " integrityculture system to cultivateclean
soiland comprehensively enhance allemployees' awareness of resistingcorruption and preventing degeneration .
For new employees : Instilling
integrityawareness through the "Inaugural Session" for New Talents, setting theirmoral
compass from day one .
Strengthening ideological guidance . Through theoretical study, organizing warning education For enterprise principals: Urging them to implement "double responsibilities", pressing the responsibilityfor Party
Building a conferences across all levels,notifying typical cases, visitingwarning education bases, and management, and layinga good foundation for Party conduct and integritybuilding.
"Firewall" conducting themed Party Day activities,BNBM guides Party members and leading officialsto hold
For officialsand employees in key positions: Organizing Party organizations at alllevelsto sign the Letter of Integrity
for Clean BNBM disciplinein awe, maintain vigilance,and adhere to the bottom line,solidifyingthe ideological
and Self-disciplineCommitment with managed officialsand key personnel according to management authority. We
foundation of integrity
;
conducted warning education conferences covering middle management and key personnel across alllevelsof enterprises
and timely carriedout integritywarning education for employees in key positionssuch as procurement and sales to remind
them to strictly
adhere to the disciplinarybottom line.
Strengthening learning through training. By carrying out special Party classes, "Deeply For all employees : Persisting in the work mechanism of education and reminders before holidays, supervision and
Setting a inspection during holidays, and urging rectificationafter holidays to continuously strengthen integrityeducation, case
Implementing the Spiritof the Central Eight-Point Regulation" knowledge quizzes, explaining
"Wind Vane" disciplinethrough cases, integrityreading clubs,"Clean Breeze" lecturehalls,and "Tiyrg Integrity" warnings, and disciplineenforcement during festivals . Issued 3 integrityreminder lettersfor holidays via the official
for Clean BNBM WeChat account ; regularlypushed over 70 sets of study materials to the enterprise WeChat work groups to continuously
scriptmurder activities,
we activelycreate a good atmosphere for integrityculture;
fortifythe ideologicaldefence lineof Party members and leading officials
.
Driving "New
Centering on "lean production without waste", "cultivatingthe market for more income", "fine
Achievements" management to increase value", and "precise internal control to prevent risks",we continue to
for Clean BNBM strengthen integrityand self-disciplineto drive high-qualitydevelopment ;
Construction
Activating the We enrich activityformats by promoting outstanding integrity -themed works, issuing family
"Integrity integrityinitiatives,
and collaboratingwith strategicpartners to create a "Clean and Transparent"
Momentum" cooperative atmosphere, thereby advancing the Company's integrityculture. 2025 Integrity Culture Month Mobilization and
Party discipline study and education Special Party course
Deployment Meeting
Sustainability Report
Supplier Anti-corruption Impact, Risk and Opportunity Management
Adhering to the principleof "cooperation with integrity,equality and mutual benefit and common development", the Company
Adhering to building a clean and honest operating environment, BNBM has established a top-down three-levelsupervision system,
works with suppliers to create an ethical and transparent business environment . To prevent corrupt practices,the Company
which includes special supervision,functional supervision and frontlinesupervision by the DisciplinaryCommittee . The system
regularly reviews the procurement process of suppliers and conducts anti-corruption checks on suppliers through public
continuously enhances the Company's capabilitiesin riskidentification,
monitoring and prevention .
information channels to ensure that the supplier'sbehavior complies with the requirements of the Supplier Code of Conduct . Ifa
supplier isfound to have engaged in corruption or other violations,BNBM willblacklistthe supplier in accordance with relevant
policiesand terminate the cooperation immediately .
Specialized Supervision by the
Functional Supervision Frontline Supervision
Discipline Inspection Committee
Based on relevant rules and Each functional department performs As the frontline supervision force in
To deepen integrity awareness, in 2025 regulations, seriously investigate and functional supervision, diligently grassroots branches and enterprises,
handle violations of discipline, laws, implements supervision work, discipline inspection members and
and regulations; strengthen
supervision of key positions such as
establishes functional supervision
ledgers, and continuously improves the
officers carry out extensive integrity
publicity and education, broaden
procurement bidding and asset closed-loop system for comprehensive information collection channels,
the Company signed Letter of Responsibility for Integrityand Letter of IntegrityCommitment or issued co -construction
management, as well as key areas like supervision. This ensures the regularly conduct heart
-to-heart talks,
proposals with partners such as suppliers,distributors,and subcontractors. This fostersa win -win partnership that is"close"
important junctures, key projects, and supervision system is connected and report discovered problems to
but not overstepping, and "clean" but not distant, achieving 100 % coverage of anti-corruption management across all the implementation of major decision
- vertically to -strengthen
re supervision company management departments in
suppliers. making deployments; implement duties, re
-integrate supervision forces, a timely manner.
"supervision of supervision" over and re-enhance supervision effects.
functional departments to ensure
integrity education is targeted,
management is regular, and
Unimpeded reporting channels supervision is effective.
The Company has established accessible business ethics reporting channels and provided trainingon their use . It encourages
employees, customers, suppliers,and other partners to report any actual or suspected violationsof business ethics (such as
BNBM continues to deepen integrityriskprevention and control. Every year, we reviseand improve the Integrityriskprevention
corruption, fraud, unfaircompetition, or conflictsof interest)to the Company's disciplineinspection department through letters,
and control Manual based on the Company's reality,clarifyingkey areas and prevention measures . Each business segment
phone calls,online emails, or on -site reporting. After receiving the report, the Company will set up an investigationteam to
company isorganized to refineimplementation and carry out prevention :
investigatethe problem leads and issue an investigationreport based on the investigationresultsto ensure that the reported
problem iseffectively dealt with. The Company's Party Committee strictlyimplements inspection regulations,persistingin a cycle for each term (three years).
Closely following the "Four Implementations" requirements, it orderly conducts routine inspections of subordinate Party
The Company allows anonymous reporting via letters,emails, phone calls,and visits, making every effortto protect the safety of
organizations,covering anti-corruption and anti-bribery matters . In 2025 , the Company's Party Committee completed inspection
whistle-blowers and the content of theirreports.We strictlyimplement the Rules for DisciplineInspection and Supervision Organs
tasks for 2 Party organizations. As of now, fullcoverage of inspection supervision for all subordinate Party-committee -level
to Handle Reports and Accusations . Allrelevant staffmust sign confidentialityagreements to ensure whistle-blowers' information
enterpriseshas been achieved within the current term .The Company organizes each business segment and subsidiary to conduct
isnot leaked. Retaliationor framing of whistle-blowers and witnesses in any form isstrictly
prohibited to ensure whistle-blowers'
annual integrityrisk screenings every year. Through a quarterly integrityrisk monitoring mechanism, we implement dynamic
privacy and safeguard theirlegalrights.
tracking and assessment of key positions,important processes, and high-riskareas. At the same time, the Company carriesout
The Company's DisciplineInspection Committee categorizesand disposes of reports into three types:directdelivery,transfer,and business ethics audits of itssubsidiariesin accordance with the BNBM Implementation Rules for Economic ResponsibilityAudits
referral,
strictly
implementing procedures for reception registration,approval, and distribution
. Specificreports are screened and on the 'implementation of responsibilities for Party conduct and integritybuilding and compliance with the provisions on clean
handled according to regulations; in case of emergencies, reports are handled immediately and reported level by level. Trace practices in economic activities', as well as economic responsibilityaudits of its48 subsidiariesand ensures that the relevant
management isimplemented throughout the process, and supervision of the handling situationisstrengthened . audits cover alloperating sitesat leastonce every three years.
Sustainability Report
Metrics and Targets Implementing Compliance Operation
Guided by integrityrisk prevention and control targets and using specificmetrics as a key supervision enabler, the Company
systematically promotes the institutionalizationand normalization of integrity risk management . The key integrity risk BNBM regards legal and compliant operation as a key cornerstone
management performance in 2025 isas follows: for sustainable development . it strictlyabides by the laws and
In 2025
regulations of China and overseas operating locations,strengthen
compliance risk prevention and control, and cultivates a good compliance commitment letters were
Deepening Daily Supervision
compliance culture. It embed compliance requirements into all
fieldsand links of operation and management to provide a solid
all management and key
guarantee for high-quality development, continuously enhancing
employees' awareness of law -abiding operation and improving the
Company's systematic compliance management level.
The Party Committee of BNBM Participation in supervision over job Issued integrity and self
conducted assessments of
management cadres
competitions and democratic
recommendations
discipline replies FulfillingCompliance Duties
BNBM continues to improve its compliance management mechanism, establishing a systematic and multi-level compliance
management system . We continuously enhance our abilityto govern according to law and effectivelyprevent operating risks,
layinga solidfoundation for high-qualitysustainability
.
The Secretary of the Discipline Heart -to-heart talks with Talks with "heads" of headquarters
Inspection Committee conducted leadership members functional departments and Improving compliance management mechanism
pre-appointment integrity talks subordinate subsidiaries
The C strictlyimplements the primary responsibility for the
construction of the rule of law and gives fullplay to the General
Counsel's role in legal review during operation and management .
We established a Compliance Management Committee with the
In 2025
Preventing Integrity Risks Company's principal as the head of the leading group and the
General Counsel as the Chief Compliance Officerand head of the
working group . The Committee undertakes the organization,overall Compliance management
planning, and coordination of compliance management,
committees at all levels held
meetings
continuously advancing major compliance matters and supervising
and evaluating compliance management work . The "Three Lines of
Defense" for compliance management work in synergy: business
Carried out special rectification work for "turning public Organized related companies to conduct supervision
departments serve as the firstline of defense, the legal and
assets into private ones", screening middle
-level and inspections on official vehicle management, business Reviewed agenda items,
compliance department serves as the second line of defense, and
above leading officials and key personnel group
-wide entertainment, and the use of labor union funds, with no effectively improving the overall
supervision departments such as audit and disciplineinspection as
violations found
the thirdlineof defense .Heads of various departments concurrently
serve as compliance officersto coordinate compliance management
compliance management level
of the Company
in their respective fields and timely communicate legal and
regulatoryrequirements .
Advancing Integrity Education
Deepening compliance risk prevention and control
and legal supervision, conducting all-around compliance risk
Conducted Integrity Culture Month Conducted "Monthly Talks" on The anti-corruption training In 2025
screenings. We organized enterprises at all levels to sort out
activities, deepened "Seven Ones" Party conduct and integrity coverage for employees
compliance management in key areas, formulated compliance risk
integrity education, held group
-wide
warning education conference
Discipline
building , and issued
Inspection Briefs
lists,
and conducted quarterly screenings for compliance risksand
illegalincidents.This year,in cooperation with externalprofessional
institutions,we conducted compliance evaluations and riskreviews The cumulative number of contracts reviewed for
for enterprises under Taishan Gypsum, BNBM Waterproof, and
compliance by enterprisesat alllevelsreached
BNBM Coating .This issignificantfor strengthening business synergy
No negative incidents related to corruption, bribery,conflictsof interest,money laundering, or insider trading occurred in the and implementing development strategies based on law and
Company thisyear. compliance .
Sustainability Report
Cultivating a good compliance culture BNBM Three -level risk prevention and control System
In 2025
BNBM attaches importance to cultivatinga compliance culture and Conducted compliance
actively promotes compliance awareness . It urges subordinate training and publicity
subsidiaries to improve compliance management through
compliance reminder lettersand organize domestic and overseas
operations and regularlyreporting on the resultsof riskresponse measures .
compliance and risk management training via online and offline
methods . Topics include compliance management, rule of law
construction,and riskprevention and control,targetingemployees,
participation
Specificallyrefers to the Company's business units bearing fullresponsibilityfor their
own risk management work . Implement the Company's risk management policies,
senior management, and board members . person -times organize various risk assessments and management tasks within the unit, and timely
report riskmatters and information to the primary riskmanagement department .
Level 2 control Relevant functional departments conduct risk assessments for various business
Implementing Risk Prevention and Control management and critical
business processes, and formulate riskmanagement solutions.
Specificallyrefersto the Company's functional departments, which accept the guidance
BNBM fullyimplements national policies. To achieve healthy and stable operation, the Company follows the Company Law of the and supervision of the primary risk management department in comprehensive risk
People's Republic of China, the SecuritiesLaw of the People's Republic of China , the Basic Standard for Enterprise Internal management work, perform riskmanagement functions for theirrespective professional
Control, and the Application Guidelines for Enterprise Internal Control, as well as requirements from the China Securities lines,and timely report risk matters and information to the primary risk management
Regulatory Commission and Shenzhen Stock Exchange . We integrate risk management into top -level design based on the department .
principlesof "fulltrust,fullauthorization,fulltransparency, and fullsupervision". We have formulated internalsystems such as
the Comprehensive Risk Management System of BNBM and the Internal Control Audit System , establishing a "1+N" Internal
Control System led by internalcontrol construction and supervision systems and supported by specificoperational specifications
Level 3 control The Audit Department of the Company's headquarters organizes annual riskidentification,
to continuously improve riskprevention and control levels.
risklevelassessments, development of riskresponse measures and contingency plans, and
The Company has established a completely comprehensive riskmanagement system, with the Board of Directors as the highest supervises the riskmanagement activities
of each unit.
decision-making body for riskmanagement . The Audit Committee assumes overallsupervision responsibility . The Company has
Specificallyrefers to the primary risk management department, which performs
established a Comprehensive Risk Management Leading Group, chaired by the Chairman and with the participation of the
corresponding risksupervision functions,specifically
including the following duties:
executive management team . A three-tierrisk prevention and control system consisting of business units,relevant functional
departments, and the audit department was built. The audit department reports directlyto the Audit Committee and accepts its
supervision and guidance . The overall structure follows the principle of "flattening,de -layering, and chain reduction",
implementing a "three-tiermanagement structure"of headquarters, related companies, and production bases .
Formulate, modify, improve, and implement Organize each unit to sort out risk matrices,
the Company's comprehensive risk consolidate them into the Company's risk
management system; research and design the matrix, and propose scope suggestions of major
Company's risk management system, risk and important risks for approval by the
prevention and control specifications, and Company leadership.
management strategies.
For approved major and important risks, Supervise each unit in daily monitoring and
decompose and assign primary responsibility management of risks within their scope of
units, and supervise them in formulating duties.
solutions.
Supervise and evaluate the implementation Conduct routine internal control reviews and
of risk management in each unit. evaluate the effectiveness of risk control at each
link of the internal control system.
For all departments and units within the risk prevention and control system, performance
assessment indicators related to the implementation of risk management processes and the
effectivenessof specificriskcontrol are included in theirperformance appraisal within the scope
of theirriskmanagement responsibilities,and are linked to the compensation incentives of the
corresponding department/unit .
Sustainability Report
Risk Management Process Eliminating Unfair Competition
The Company is committed to preventing unfair competition risks by timely promoting and implementing policies,laws and
regulations related to anti-monopoly and anti-unfair competition among employees, to continuously enhance employees'
awareness of anti-unfaircompetition ; for potentialrisksthat may involve monopoly or unfaircompetition, legalriskassessments
Risk Identification and compliance riskprevention and controls are timely conducted through compliance screenings, consultations,and contract
reviews; regarding unfair competition behaviors such as counterfeitingor imitating the Company's brands by third parties,the
Company . The risk management department analyzes competitive local situations, strategic
marketing, raw material supply, and audit findingsreported by related companies to identifypotential
risksources in finance,market, operation, and compliance at the company level.
Company timely safeguards itslegalrightsthrough reporting and litigation .
The Company conducts compliance riskscreenings every quarter. In 2025 , there were no acts of unfair competition infringingon
third parties. Regarding third-party counterfeitingor imitationof the Company's brands, the Company timely safeguards itslegal
rightsthrough various means such as reporting and litigation .
Risk Analysis
determines the annual major risks,and prepares a comprehensive risk management
submitted to the management for review and approval .
report to be
Risk prevention and control
Assign primary and participating departments for each identifiedrisk,and analyze risk causes,
probability,and expected impact item by item ;
Hold monthly Party Committee meetings, officemeetings, and business analysis meetings to hear
progress reports,analyze operating risks,discuss major decisions,and make strategicdeployments
and clearriskresponse measures based on business progress and market conditions;
measures and contingency plans based on assessment results,establishesa major riskprevention and
control responsibilityledger,and dynamically tracks riskchanges during dailyoperations;
Implement a quarterly monitoring mechanism, combined with risk exposure analysis and trend
changes, to formulate and implement corresponding prevention measures and form quarterly
monitoring reports. Meanwhile, based on the risk indicator libraryestablished from previous years'
business risk characteristics,the Company timely alerts relevant units to risks triggeringwarning
thresholds to ensure risksare controllableand drive steady development .
In 2025, the Company experienced no major risk accidents,
and operating risks were reasonably controlled.
In 2025 , the Company continued to conduct comprehensive circuitreviews of the soundness and effectivenessof the internal
control systems of subsidiariesthrough a combination of routine and special audits. Special verificationsand evaluations were
implemented for raised funds and key investments . Rectificationof discovered problems was supervised to promote system
implementation and ensure the effectiveoperation of internalcontrol mechanisms .
Sustainability Report
Product
As a leading domestic green building material producer, BNBM persistsin taking the mission of "green
technology, qualitylife"as the source of momentum . Upholding the development philosophy of "Green
Building Future", we activelyimplement low -carbon operation strategies,vigorously develop a circular
economy, strive to create green products, and steadily improve the core competitiveness of the
enterprise in green development . We are committed to minimizing the impact of production and
operation activitieson the ecological environment, continuously improving resource efficiency,and
Philosophy fullypromoting the achievement of the "Carbon Peaking and Carbon Neutrality" Goals . We provide
innovative solutions for environmental challenges faced by society and co -create a new lifemodel of
harmony between humanity and nature with our partners.
Sustainability Report
Addressing Climate Change Strategy
In 2025 , BNBM introduced scenario analysis methods into climate-related riskand opportunity management for the firsttime,
In 2025 , global climate governance entered a criticalstage of accelerating the implementation of the Paris Agreement goals. In furtherenhancing the systematic and forward -looking nature of identifyingand assessing climate-related risksand opportunities.
November, the 30 th Session of the Conference of the Parties to the UNFCCC (COP 30 ) was successfullyheld in Belém, Brazil, On this basis, the Company continues to drive the integration of climate factors into strategicplanning, investment decision-
reaching multiple consensuses on issues such as the Global Goal on Adaptation (GGA), updates to the new NationallyDetermined making, and daily operation management, constantly enhancing strategicadaptability and climate resilienceunder different
Contributions (NDCs), and the synergy between climate and biodiversity . Meanwhile, domestic policiesfurther strengthened the climate scenarios.
orientation toward energy saving and carbon reduction, driving key industriesto comprehensively improve equipment energy
efficiencyand providing a clear direction for industrialenergy conservation and green upgrading . BNBM is well aware of the
impact of climate change on itsoperations and society as a whole .Itconsistentlymonitors the risksand opportunities brought by Formulating a Climate Risk and Opportunity List
climate change and is committed to providing society with more climate-resilientbuilding solutions. This effortaligns with the
Company's mission of "Green Technology, Quality Life",ensuring the practicalimplementation of itscorporate responsibilities. Taking comprehensive account of its business model and value chain characteristics,industry development practices,and
feedback from stakeholder communication, BNBM systematicallysorts out and identifiesclimate-related risksand opportunities.
We clarifytheirmain distributionwithin the Company's operations and value chain, form a corresponding riskand opportunity
Governance list,
and continuously carry out follow-up monitoring and management . The Company identified13 categories of climate-related
risks and opportunities suitable for its business, including 5 categories of acute and chronic physical risks,4 categories of
transitionrisks,and 4 categories of climate-relatedopportunities.
To better address the challenges posed by climate change, the Company has integrated climate change considerations into its
sustainable development governance framework (see the "SustainabilityGovernance Structure" chapter of thisreport).The Board
of Directorsof BNBM serves as the highest decision-making body for "Carbon Peaking and Carbon Neutrality"and climate change - Risk Type Risk Identification Risk Type Risk Identification List Opportunity
related initiatives
. The Board's Strategy and ESG Committee oversees the Company's overallclimate change efforts,including the List Identification List
management and review of strategies,policies,goals, and progress related to "Carbon Peaking and Carbon Neutrality" and
climate change . The Board reviews updates from the Strategy and ESG Committee on "Carbon Peaking and Carbon Neutrality" Extreme Precipitation Policy and Legal Risk Products and Services
progress and other ESG priorities, including climate change, at leastonce a year, providing guidance and recommendations . The
Company has established an ESG Working Group responsible for implementing the "Carbon Peaking and Carbon Neutrality" Typhoon Technical Risk Resilience
Acute Physical Risk
strategy,identifyingclimate change risksand opportunities,and guiding departments to take specificactions toward climate- Transition Risks
relatedgoals. Extreme High
Market Risk Resource Efficiency
Temperature
The Company links management performance with climate-related performance such as energy management and carbon
emissions to drive the effectiveimplementation of "Carbon Peaking and Carbon Neutrality"and climate strategies. To strengthen Drought Reputational Risk Energy Sources
responsibilitytransmission, the Company established an energy saving and environmental protection assessment system, Chronic Physical
clarifyingthat the general manager of each production base is the person primarily responsible. Key energy saving, carbon Risk Rise in Average
reduction, and environmental protection indicators are directlyincorporated into senior management's business performance Temperature
appraisals to ensure cascade responsibilitiesdown to every level. Meanwhile, the Company conducts special trainingon "Carbon
Peaking and Carbon Neutrality" and climate risks and opportunities for the Board of Directors, management, and core
management personnel annually. This continuously improves theirprofessional perception and performance capabilitiesin the
fieldof climate change, comprehensively strengthening the Company's governance efficiencyin sustainable development .
Sustainability Report
Impact on Business Model and Value Chain Risk Specific Upstream Own Operation Downstream Response
Category Risk Impact Impact Impact Measures
The Company's transitionrisks primarily stem from its operations and downstream market preferences, while physical risks With the Suppliers need to Need to Increased Closely track low
include extreme weather events and chronic risksaffectingupstream supply chain stabilityand operations. Given the Company's advancement of the simultaneously continuously track customer carbon policy
comprehensive low -carbon development strategy across alloperational areas and itsproactive measures to address physical "30·60" Carbon improve local policies and demand for developments in
risks,the overalllevelof climate-related risksis relativelylow . The table below outlines the Company's major climate risksand Goals, domestic low
- environmental adjust production environmental operating countries
corresponding mitigation measures . carbon compliance, raw emission certification; and industries,
transformation material standards, which failure to meet
accelerate enterprise
policies are procurement may increase policy
transformation
Risk Specific Upstream Own Operation Downstream Response tightening, high
- standards may investment in requirements in
Category Risk Impact Impact Impact Measures based on company
emission activities rise, and overall environmental time may affect
development, and
Policy are under pressure, costs of supply facilities and market access
Hindered extraction Risk of flooding in Delays at construction sites;
Strengthen supply chain and compliance chain compliance operating costs and order resolutely implement
and
of raw materials (such plants and deterioration of resilience assessment; costs may increase may be passed up acquisition the green low-carbon
Legal
as gypsum mines); warehouses; construction conditions for establish emergency development route
Risk As business expands Need to establish Overseas Exported
logistics production coatings and waterproof logistics contingency plans; and carbon peaking
Extreme overseas, global a raw material production bases products must
transportation delays; equipment damaged layers; products deformed upgrade warehouse flood action plan
Precipitation climate change supply chain must adapt to meet low -carbon
fluctuations in raw by moisture; raw or invalidated by moisture control facilities
material moisture material inventory regulations are meeting multi- local regulations, standards in
content affect quality deterioration gradually improving, country standard; increasing destination
stability and overseas imported compliance markets, or face
compliance costs materials may investment in potential market
may increase face new trade environmental access
Raw material supply Damage to Suspension of engineering Promote structural
barriers such as management and restrictions
chain disruptions; production facilities; projects; increased safety reinforcement and wind-
carbon tariffs carbon disclosure
logistics paralysis; structural safety risksrisks for outdoor proofing of plants;
Acute short-term increases for plant roofs and construction; accelerated formulate disaster Tightening carbon Increased Requires If technology Strengthen R&D
Typhoon
Physical in raw material prices walls; increased risk erosion of waterproof and emergency plans; reduction policies demand for low- investment in R&D upgrades lag and capabilities, build and
Risk of production coating layers by storms strengthen supply chain require continuous carbon raw and product carbon efficiently apply the
suspension and heavy rain diversification and regional low -carbon process materials and transformation footprints are "Carbon Peaking and
decentralized layout innovation and energy-saving funds to drive high, products Carbon Neutrality"
technological equipment drives production line may fail to meet R&D platform, and
Increased risk of Safety hazards of Health risks for Optimize production transformation, the transition of upgrades, downstream encourage factories to
volatilization and high-temperature construction personnel; scheduling and equipment Technical
Transition which may upstream supply potentially customers' low- adopt new energy-
spoilage of raw operations in coatings drying too fast, cooling systems; improve Risk
Risks accelerate systems toward increasing cost carbon saving and carbon-
materials (e.g., production affecting film
-forming workshop ventilation and technology green pressures in the requirements reduction
Extreme
chemical raw workshops; increased quality; high
-temperature cooling facilities; drive replacement and technologies short term technologies and
High
materials) during failure rate due to softening or accelerated energy conservation, increase capital and methods to improve
Temperature
transport; decreased equipment aging of waterproof consumption reduction, operating efficiency in process
logistics efficiency overheating; materials and equipment upgrades expenditures research and
increased energy application
consumption
Downstream Changes in Need to accelerate If low
-carbon Vigorously carry out
Restricted water uses Risk of production Construction substrates Implement water recycling customers' focus on customer green product performance fails green product
for gypsum mining; water shortages; drying too fast, affecting and water-saving process product low-carbon demand are R&D and to meet customer technology R&D and
restricted production pressure on water use coating adhesion; transformation; promote attributes is rising; passed upstream, industrialization, expectations, production line
of chemical raw for landscaping and increased difficulty in supply chain water risk untimely driving the supply otherwise face orders may be construction,
materials; decreased cleaning in plant substrate treatment for assessment and Market transformation or chain toward risks of idle lost, affecting accelerate the
Drought stability of raw areas; restricted waterproof construction; collaborative Risk lack of results may synergistic capacity and slow market share and commercialization of
material supply operations in certain slowing construction management; strengthen affect new market transition to market response revenue structure green products, and
regions progress in some regions R&D for product development and green raw expand the Company's
construction adaptability revenue materials and green product market
and supporting technical low -carbon share
Chronic processes
services
Physical
Risk Stakeholders focus The Incidents such as Customers prefer Gradually build a
Changes in natural Increased load on Structural growth in Promote energy -saving on green and low- environmental environmental suppliers with green building
crystallization production cooling demand for insulation and technological carbon performance of violations or good ESG materials brand,
conditions of raw systems; increased waterproofing in buildings; transformation and clean performance; failure the supply chain lagging carbon performance; enhance brand
materials (e.g., costs for plant higher requirements for energy use; develop high
- to meet relates to the reduction damage to promotion, and
Rise in Reputatio
gypsum); decreased insulation and air weather resistance of temperature resistance expectations may Company's progress may reputation may elevate the Company's
Average nal Risk
stability of some raw conditioning; coatings; product formulas and highly adaptable affect company reputation; ESG affect corporate lead to customer influence and
Temperature
materials; potential deterioration of needing to adapt to higher product formulas; reputation and audits and ratings, financing loss sustainability image in
increase in long
-term employee working temperature environments strengthen employee market performance management of costs, and the value chain
supply costs environments health protection and work suppliers need to government
environment improvement be strengthened relations
Sustainability Report
BNBM understands the necessity of low -carbon development, proactively grasps market opportunities for green development,
and extensivelypositions green products . The table below liststhe Company's main climate-related opportunities and response
Climate Scenario Analysis and Financial Impact Assessment
measures .
Current Financial Impact
Regarding physical risks,combined with the risingfrequency of extreme weather events in recent years, BNBM has continuously
Specific Upstream Own Operation Downstream Response
Opportunities assessed the potential impact of physical riskson production and operations. In 2025 , acute physical risksmainly came from
Opportunities Impact Impact Impact Measures
extreme precipitation,while chronic physical risksmainly came from risingaverage temperatures, with impacts concentrated on
Guided by the Drive upstream The Company Meet market Continue to promote the the prevention and maintenance of infrastructureand equipment operation. During the reporting period, these impacts were
national "Carbon raw material continues to demand for green greening of buildings, managed through preventive O&M and facility maintenance investment, causing no substantialinterruptionto current operations
Peaking and Carbon suppliers to promote the building cities, and living
nor material impact on the carrying value of assets and liabilities
in the financialstatements for the reporting period or the next
Neutrality" strategy, transform toward greening of materials, expand environments, view the
reporting year.
green and low- environmental buildings, cities, andinto emerging development of green low-
carbon development protection and low living environments, markets like carbon building solutions
in the building carbon, promoting developing low- green buildings as a major market
industry has become the construction of carbon green and low-carbon opportunity, and
Products and In the summer of 2025 ,multiple production bases in South and East China encountered consecutive
the main direction, a green supply building solutions, retrofitting, and continuously promote the
Services extreme precipitation,leading to interruptionsin production and operations and property losses of
thus developing chain system creating a full -life enhance brand application of circular
green products and cycle green building influence and economy concepts to nearly CNY 7 million. In July,due to regional flood control requirements, relevant production bases
low -carbon solutions industrial chain, and market share create a full -cycle
life Extreme suspended production for 4 days ; in August, rainwater overflowed from the gutters of the finished
may bring more enhancing product green building industrial Precipitation product warehouse in a gypsum board workshop, damaging part of the inventory.
market and revenue environmental chain and
to us attributes comprehensively enhance
product environmental
attributes In recent years, affected by risingtemperatures, production bases in South and Southwest China
Climate change leads Promote upstream Center on the three Meet needs for Adhere to the "One Body, have faced power shortages and government requirements for power restrictionand peak -shifting
to frequent extreme suppliers to core businesses of building safety Two Wings and Global production, significantly impacting the normal production rhythm . Meanwhile, high temperatures
weather like develop high- gypsum board, and durability Layout" strategy, develop decreased employee efficiencyand slowed production rhythms . To safeguard occupational health
typhoons and heavy performance, waterproofing, and under extreme high-quality products
and meet compliance requirements, the Company continued to invest in the renovation of high-
rain, increasing weather -resistant coatings to improve climate around core business
Rise in Average temperature positions and labour protection. In 2025 , to address various operational pressures
building quality raw materials, such corrosion resistance, conditions, areas, improve corrosion
Temperature from risingaverage temperatures, the Company has accumulated a totalinvestment of nearly CNY
requirements. as corrosion- durability, and water expanding niche resistance, durability, and
Resilience
Developing high- resistant coating resistance, markets for water resistance, expand 10 million.
quality, diversified substrates and expanding product disaster-resistant product applicability, and
building products high-durability applicability and and climate- enhance building
can enhance building waterproof enhancing building adaptive resilience
resilience and bring materials resilience buildings Regarding transition risks,affected by tightening policies and regulations, BNBM further integrated energy efficiencyinto
more market equipment selectionand operation management in 2025 ,vigorously developing clean energy, reducing energy consumption, and
opportunities practicinglow -carbon production . Related investments were mainly used for equipment evaluation,updates, and replacements,
The Company Promote upstream Production bases Enhance product Each production base of which are necessary expenditures supporting the Company's energy saving, emission reduction, and green transformation, with
continues to carry suppliers to continue to carry out price the Company continues to no material adverse impact on current operations and financialstatus.
out energy-saving provide energy- energy-saving and competitiveness carry out energy
-saving
and environmental saving and eco- eco -friendly by reducing costs and eco-friendly
Regarding climate-related opportunities,the Company activelyresearched and applied clean energy replacement solutions to
technological friendly production technology while meeting technology upgrades to reduce operating costs and conducted deep R&D and extensive positioningof green products .
Resource
transformation to equipment and replacement to downstream improve production
Efficiency
reduce energy and technology, improve production customers' efficiency and reduce
water consumption enhancing overall efficiency and preferences for resource consumption This year
and lower energy efficiency in reduce resource energy-saving
procurement and use the supply chain consumption and green
costs building materials
With the
improvement of the
Promote the
development of
Carry out the
upgrades of coal
Improve product
low -carbon
The Company has carried
out upgrades of coal with
CNY 16.257 billion
national carbon upstream clean with clean energy attributes to meet clean energy such as Revenue generated from green Of total revenue Spent on developing green
emission trading energy (e.g., such as biomass and customer biomass and natural gas to products products
market, reducing biomass, natural natural gas to demand for low- reduce operational and
Energy Sources
carbon emissions gas) supply reduce operational carbon building product carbon emissions
through clean energy systems and and product carbon materials and
transition may bring promote the emissions enhance market
additional income optimization of the competitiveness
health,and have low resource and energy consumption throughout theirlifecycle,includingproduction, use, disposal,or reuse.
energy structure
Sustainability Report
Expected Financial Impact
Transition Risks and Opportunities
To assess the expected financialimpact of transitionrisks and opportunities on business and value
Physical Risks chains, BNBM adopted climate change scenarios published by the InternationalEnergy Agency (IEA): the
Net Zero Emissions (NZE) scenario and the Stated PoliciesScenario (STEPS) 6. Across short-term (0–4
In 2025 , BNBM integrated climate scenario analysis into itsclimate risk identificationand assessment years),medium -term (5–10 years),and long-term (11 –25 years) dimensions, based on IEA parameters and
process . Referring to the Shared Socioeconomic Pathways (SSP) of the Intergovernmental Panel on trend analysis,the Company comprehensively assessed transitionrisksand opportunities surrounding 8
key parameters : population CAGR, GDP, fossilenergy demand, crude oilprice,thermal coal price,natural
Climate Change (IPCC), it selected SSP 1-2.6 and SSP 5-8.5 5 scenarios to assess potential physical risks.
gas price, carbon price, and clean energy generation. This analyzed potential financial impacts on
Using a catastrophe riskassessment model from an external professional third-party platform, based on operation models and value chains to provide a basis for riskmanagement and resource allocation.
high-precision data and resolution for the coordinates of alloperating entities,the Company compared
riskexposure levelsfor 5 types of climate physical risksunder RCP 2.6/SSP 1 and RCP 8.5/SSP 5 scenarios.It
analyzed potentialfinancialimpacts on operation models and value chains across three-time dimensions : Climate Scenario
short-term (0–4 years,until2029 ),medium -term (5–10 years,until2035 ),and long-term (11 –35 years,until Transition
IEA NZE 2050 IEA STEPS
linkto operational optimization measures, technical path choices, and corresponding capitalinvestment Opportunities
Short - Medium - Medium -
plans required at each stage,supporting riskmanagement and resource allocationdecisions. Long term Short -term Long term
term term term
Based on physical riskscenario analysisof itsoperating entities,the Company defined assets or business
Policy and
activitieswith "significant"resultsas those susceptible to climate-related physical risks. At the overall Slight Moderate Moderate Slight Slight Moderate
Legal Risk
company level,physical riskscenario analysisresultsare shown in the table below :
Technical
Slight Slight Moderate Slight Slight Moderate
Risk
Climate Scenario
RCP 2.6 / SSP 1 RCP 8.5 / SSP 5 Market Risk Slight Moderate Significant Slight Moderate Moderate
Physical Risk
Short - Medium - Short - Medium -
Long term Long term Reputational
term term term term Moderate Moderate Significant Slight Moderate Moderate
Risk
Extreme
Negligible Negligible Slight Negligible Negligible Moderate
Precipitation Products and
Slight Moderate Moderate Slight Slight Moderate
Services
Typhoon Negligible Negligible Negligible Negligible Negligible Negligible
Extreme High Resilience Slight Moderate Moderate Slight Moderate Moderate
Negligible Negligible Negligible Slight Slight Slight
Temperature
Resource
Drought Negligible Negligible Negligible Negligible Negligible Moderate Moderate Moderate Significant Slight Moderate Moderate
Efficiency
Rise in Average
Slight Moderate Moderate Slight Moderate Significant
Temperature Energy
Slight Moderate Moderate Slight Slight Moderate
Sources
Based on physical riskscenario analysis,most physical riskshave controllableimpacts on business in the
short and medium term, but some areas require focus in the long term . In the RCP 2.6/SSP 1 scenario,the In the IEA STEPS scenario, various transitionrisks and opportunities show moderate impacts in the
overall impact of physical risks is relativelymild, but physical risks corresponding to rising average medium and long term . Expected financialimpacts mainly involve continuous O&M investment for policy
temperatures riseto a moderate levelin the long term ; the Company expects to increase investment in compliance, energy efficiencyimprovement, process optimization, and energy structure adjustment,
protection and maintenance of relevantfacilitiesand operations accordingly. expected to have a gradually increasing but manageable impact on annual costs. In contrast,in the IEA
In the RCP 8.5/SSP 5 scenario, as climate change intensifies, physical risks from extreme precipitation, NZE 2050 scenario, the long-term impact of market risks,reputational risks,and resource efficiency
drought, and rising average temperatures show moderate or significantimpacts in the long term . opportunities increase significantly. The Company expects to increase the intensity of capital and
Expected financialimpacts primarily involve the need for more funds in the medium and long term for developmental investment in low -carbon process applications,criticalequipment upgrades, low -carbon
infrastructurereinforcement, waterproofing and cooling renovations, critical equipment protection,and product and servicedevelopment, and related business adjustments in the medium and long term . These
emergency management capabilityenhancement . These investments are expected to be mainly O&M investments will significantlyimpact capital expenditure scale, asset allocation structure, and unit
expenditures aimed at reducing the potential impact of extreme weather events on asset safety and operating costs, while improving the revenue proportion of low -carbon businesses, reducing high-
business continuity,thereby avoiding higher repaircosts and business losses. emission -related costs,and improving long-term revenue structureand profitability
.
cooperation, with vigorous promotion of clean energy and ecologicalprotection,aiming to limitwarming to within 2°
C by the end of the century;SSP 5-8.5 energy sector to achieve net-zero CO 2 emissions by 2050 and fullypromoting energy structuretransformation and deep emission reduction. The Stated
isa fossil
-fuel-dependent/high -emission pathway assuming global pursuitof high economic growth based on fossilfuelswithout effectiveclimate policies, PoliciesScenario extrapolatesfrom current policiesimplemented or clearlyannounced by countries,reflectingenergy development trends and carbon
representinga high-emission scenario with the highest global average temperature riseby the end of the century. emission trajectoriesunder currentpolicyframeworks, and isoften used as a baseline reference.
Sustainability Report
Strategies and Measures Practicing low-carbon production
To effectivelyavoid market and reputational risksand continuously improve resource efficiency,BNBM systematicallypromotes
BNBM actively responds to the national carbon reduction call of "Energy Saving and Carbon Reduction, Action by Central
clean energy applicationand production energy efficiencyoptimization.
Enterprises",persisting in green manufacturing to drive the implementation of its "Carbon Peaking and Carbon Neutrality"
strategy.
Promoting the usage of clean energy
As of the end of the reporting period
BNBM vigorously promotes the research and application of clean energy upgrades .To implement the carbon peaking action plan,
we continuously increase investment in clean energy upgrade projects, promoting BIPV and green energy application while
simultaneously conducting energy -saving and carbon -reduction technicalrenovations. 0.55 tons of standard coal 0.74 % 3.65 % year-on -year
over-fulfilling
the target
As of the end of the reporting period The Company's comprehensive energy A year-on -year CO 2 emissions per CNY 10,000 of
consumption per CNY 10,000 of output decrease of output value decreased by
reached
Photovoltaic power A year-on -year Photovoltaic power generation A year-on -year
generation projects increase of across all levels increase of The Company focuses on reducing life -cycle carbon emissions of products, activelyanalyzing product carbon footprintsto tap
into carbon reduction potential. We continuously assist subsidiaries in understanding their carbon emission structures and
formulating targeted reduction measures to ensure all enterprises successfully achieve emission reduction targets. In 2025 ,
Dragon Brand coating and waterproof material seriesproducts (includingelastomer -modified asphalt waterproofing membranes,
high-solid-content waterproof coatings, and polymer waterproof membranes) successfullyobtained product carbon footprint
certification
.
The installed photovoltaic capacity across all levels Potentially reducing CO
The Company actively carries out natural gas replacement. Effectively reducing GHG emissions In 2025 , subsidiariesof Dragon Brand Company in Tianjin,Chongqing, and Hubei involved in local government carbon
The cumulative replacement of standard coal for the year
trading strictlycomplied with local carbon market policies,maintaining a cumulative compliance rate of 100 % . By
In addition,we continue to research biomass fuelapplication and rooftop heat collectiontechnologies to promote the transition building a diverse carbon reduction system of "technicalrenovation + photovoltaic green power + biomass replacement +
to low -carbon production . equipment process upgrades", energy consumption and carbon emissions continued to decrease, successfully
transitioningfrom "purchasing to cover quota shortfalls" to "generating income from quota surpluses ".
Reducing production energy consumption In 2025 ,four units under Taishan Gypsum carriedout carbon market compliance, with a 100 % compliance rate:
The Company continuously improves energy and resource efficiencythrough process improvement and equipment upgrades . We
persistin optimizing production technology as a key enabler to reduce energy consumption from the source and support carbon
BNBM Yichang BNBM Jingmen
reduction goals. We systematicallyconduct energy audits to accurately identifykey nodes and improvement opportunities for
enhancing energy performance ;we activelyinvestin relevant technological innovation and R&D to drive the continuous reduction
of energy consumption levels. Furthermore, the Company focuses on cultivatingenergy -saving awareness among all staff, purchased 6,918 tons of quotas for CNY 253 ,890 purchased 2,078 tons of quotas for CNY 81 ,042
providing specialenergy efficiencytrainingto enhance employees' awareness .
In 2025
BNBM Wuxue BNBM Xiangyang
purchased 5,522 tons of quotas for CNY 177 ,587 .52 sold 9,320 tons of quotas for CNY 363 ,480
The unit coal consumption of gypsum Unit electricity Comprehensive energy consumption per
board produced by the Company consumption decreased by CNY 10,000 of output value for
decreased by waterproof products decreased by
Sustainability Report
Impact, Risk and Opportunity Management Metrics and Targets
BNBM continuously monitors the impact of climate change on itsoperations and integratesclimate-related risksinto itsoverall Based on the analysisof climate-related risksand opportunities,BNBM has prioritizedthe establishment of energy conservation
risk management system . For details on the Company's risk management system, please refer to the "Implementing Risk and emission reduction targets. These targets are regularlyevaluated to effectivelyaddress climate transitionrisks and seize
Prevention and Control" chapter of thisreport. market opportunities in low -carbon development . To support the national "30 .60 " carbon goals and promote low -carbon
development in the value chain, the Company formulated and released the BNBM Carbon Peaking Action Plan in 2023 . Itclarified
four core principles: "Based on Reality,Carbon Reduction at Source", "Development First,Equal Emphasis on Reduction",
Formulating a Risk and Opportunity List: In the climate-related risk management process, the "Innovation Driven, Technology Leading", and "Active Promotion, Steady and Orderly". We emphasize source reduction, strict
Company firstsystematicallyidentifiesclimate-related risksand opportunities surrounding itsbusiness, process control, and optimized end -of-pipe treatment . Based on total volume control, focusing on business structure
optimization, with raw material/fuelreplacement and resource utilizationas keys, and low -carbon technological innovation as
operations, and value chain structure. The identificationprocess combines national climate strategic
orientation,industry trends,and the global climate change context.Referringto historicaloperations and momentum, we accelerate green building material production and application to solidlyperform carbon peaking and carbon
feedback from internal and external stakeholders, climate-related risks and opportunities are neutrality.
comprehensively sorted to form a list,providing a basis for subsequent assessment, analysis,and
management .
Key Indicators
BNBM Scope 1 GHG emissions mainly stem from the use of fuelssuch as coal and natural gas.Scope 2 GHG emissions mainly stem
Prioritizationof Risks and Opportunities : To effectivelyallocate resources and focus on managing from purchased electricity, heating, and steam, primarilyused for production equipment, cooling systems, and heating. Scope 1
climate-related risks and opportunities with significantimpacts on the Company, we established
accounts for 78 .6% of totalGHG emissions of Scope 1 and Scope 2, while Scope 2 accounts for 21 .4% . Detailed energy use and
corresponding analysis and assessment methods . During assessment, the Company comprehensively GHG emissions data are availablein the ESG Key Performance Table of thisreport.
considers the likelihood of risks and opportunities and their potential impact on operational and
financial performance . Combined with industry analysis and external expert opinions, the impact
materialityof risksand opportunities isevaluated via questionnaires.
Initial Greenhouse Gas Scope 3 Carbon Inventory
Assessing Climate Resilience through Scenario Analysis: After considering identifiedclimate-related
risks and opportunities, the climate resilience of the Company's strategy and business model is In 2025 , BNBM adopted the financialcontrol approach and the GHG Protocol Corporate Value Chain (Scope 3) Standard to
evaluated . During climate resilienceassessment, major uncertaintiesfocused on by the Company mainly inventory itsScope 3 emissions .This year,we completed calculationsfor seven categories:purchased goods and services,fueland
stem from differences in the future macro environment, policy orientation, energy structure, and energy -related activities,business travel,employee commuting, upstream transportation and distribution,and end -of-life
covered and reflectedthrough scenario analysis. The Company dynamically adjusts itsshort-, medium -,
and long-term strategiesand business models based on climate change trends. For example, high-
efficiencyand low -energy equipment are prioritizedduring selection and updates, and the energy
treatment of sold products .
Among the seven categories: Scope 3 emissions from purchased goods and services, fuel and energy
-related activities, and -of-
end
structureisgradually optimized to enhance the Company's overallclimate resiliencein a continuous and
progressive manner . life treatment of sold products 93
accounted for % of the total.
Category Unit 2025
Identifying Financial Impacts of Material Risks and Opportunities : The Company conducts
financialimpact analysis on material risksand opportunities based on the prioritizationresultsand the Purchased goods and services tons of CO 2e 3,330,971.05
impact degree under differentscenarios. We focus on the impacts of climate change across different
timescales on capitalexpenditure, O&M costs,asset safety,and business continuity to support decisions Fuel and energy-relatedactivities tons of CO 2e 570,940.47
in resource allocation,investment arrangements, and riskmanagement .
Upstream transportationand distribution tons of CO 2e 38,518.05
Business travel tons of CO 2e 724.64
Formulating and Implementing Response Strategies and Measures : The Company ensures
risksremain within controllableranges by periodicallyassessing and reviewing climate-related risklevels, Employee commuting tons of CO 2e 5,549.95
driving management measures through daily operations. Measures include setting targets,adjusting
strategic plans, continuously monitoring carbon levels, tracking and researching policy changes, Downstream transportationand distribution tons of CO 2e 291.909.92
optimizing and investing in energy -saving equipment, regular employee training,and implementing
strategiessuch as risktransferor riskacceptance to mitigate potential impacts and grasp development End -of-lifetreatment of sold products tons of CO 2e 608,927.31
opportunities from climate change .
Total tons of CO 2e 4,847,541.39
Sustainability Report
Overall Target Target Achievement Status
We take the green and low -carbon transformation of energy, efficientuse of resources and energy, and vigorous promotion of a
By 2025 circulareconomy as the three pillarsfor achieving carbon peaking . Through ten tasks,including comprehensively optimizing the
production and business layout, promoting green and low -carbon circulartransformation, and strengthening green and low -
carbon supply management, we steadilyadvance the achievement of the Company's "Carbon Peaking and Carbon Neutrality"
goals. This year, we achieved the targets and over-fulfilledtarget tasks. In the future, we will continue to maintain carbon
reduction resultsand furthertap into the potentialfor energy saving and emission reduction.
Comprehensive energy consumption per CNY
compared to 2020
CO 2 emissions per CNY 10,000 of operating
revenue decrease compared to 2020 24 %
Carbon Emission Related Targets Achievements in 2025
Taking 2020 as the base year, by 2025,
This year, comprehensive energy consumption per CNY
comprehensive energy consumption
per CNY 10,000 of operating revenue
OverallTarget to 2020
decreases by 16%
By 2030
Taking 2020 as the base year, by 2025, 7
This year, CO
CO 2 emissions per CNY 10,000 of
revenue decreased by 52.29% compared to 2020
operating revenue decrease by 24%
Comprehensive energy consumption per CNY This year, non
-fossil energy consumption accounted for
compared to 2020
CO 2 emissions per CNY 10,000 of operating
revenue decrease compared to 2020 38 % By 2025, non-fossil energy consumption
accounts for over 15%
approximately 10.17% (Biomass and PV), which has not yet
reached the established target. We will further advance the
energy transition process in the future to increase the
Featured Targets
proportion of non-fossil fuel energy consumption.
By 2025, the installed capacity of new This year, the installed capacity of new energy power
energy power generation reaches 40 MW generation reached 90.56 MW
Featured Targets
Scope 2.
Proportion of non -
fossil energy Over 15% Over 17% Over 20%
consumption
Installed capacity of
clean energy power 40 MW 90 MW 110 MW
generation
Sustainability Report
We persist in utilizing desulfurization gypsum solid waste resources. In 2025, the Company consumed approximately
Promoting Circular Economy
by gypsum throughout the year.
BNBM is committed to advancing the "greening of buildings,cities,and livingenvironments", accelerating the construction of a
circulareconomy system, vigorously promoting building energy efficiencyand prefabricated buildings,and strivingto create a full Simultaneously, we carried out the cascading utilizationof resources in production links and gradually promoted the reuse of
lifecycleproduct management process of "design-recycling-reprocessing", enhancing the green and environmental attributesof production edge waste . We also activelyexplore waste gypsum board recovery technologies and operational mechanisms to
itsproducts . support the development of the national circulareconomy system .
We are committed to integrating the concepts of green, low -carbon, and environmental protection into every stage of the
product's entirelifecycle:
Annual consumption of industrial by -product gypsum
Greener raw Use industrialby -product gypsum as the main raw material for product production to achieve
material use the circularutilizationof industrialsolidwaste .
More energy -
Recirculate resources such as waste heat and condensed water and continuously optimize
efficient production 15.20
processes production processes to reduce energy consumption during production .
Sustainable Improve product design and production processes to achieve the lightweighting of gypsum
product design board products and extend product lifecycles.
More efficient
Promote prefabricated buildings by completing pre-assembly in factories through dry
construction methods, reducing the workload during gypsum board assembly and achieving
product application
resource and energy savings at the usage end . 14.60
Recyclable product Accelerate research on the recycling and trade-in of waste gypsum boards to reduce waste
recovery generation and mitigate environmental impact at the end of the product lifecycle.
Utilization of edge
waste and cascading 14.00
utilization of
resources 2023 2024 2025
During the product
Multiple products of the Company have obtained green product certifications
production process
Recycling and
Recycling and
utilization of
utilization of
waste at the end
waste resources
of the life cycle
As of the end of the reporting period, the Company's500 products have obtained
China Green Building Materials Product Certification
Raw materials for product Waste product
production recovery
Sustainability Report
Recycling and Utilization of Waste Resources Cascading Utilization of Resources and Utilization of Edge Waste
The Company insistson building factoriesnear raw material sources, selectinggreen and eco -friendlyraw materials,and reducing The Company's factoriescontinue to deepen the utilizationof resources such as waste heat from power plants. This year, the
resource use in production to promote the fullabsorption of industrialsolidwaste residue during production, maximizing circular Company used a total of waste heat steam from power plants to replace approximately 58 ,800 tons of standard coal.
resource utilization. This year, the Company continued its efforts across all stages of product production, recycling,and Simultaneously, the Company strengthened research and practice on the reuse of edge waste to maximize raw material
utilization,
vigorously advancing green manufacturing throughout the fulllifecycle. production efficiencyand reduce resource consumption .
Case Study : Resourceful Utilizationof Desulfurization Gypsum
Intensive Use of Water Resources and Closed -Loop Management
BNBM vigorously develops green and low -carbon industries and supply chains, continuously advancing projects for the
resource utilization
of desulfurizationgypsum solidwaste . Nationwide, BNBM accounts for 11 .62 % of the totaldesulfurization BNBM treatswater resources as a core element of fulllife -cycle management, systematicallybuilding a system for the intensive
gypsum consumption, making a significantcontribution to the industry'scirculareconomic development : use of water resources and closed-loop management covering allproduction stages. The Company conducts regular water use
assessments to systematically identify key links and improvement opportunities for water efficiency . We implement water
recyclingand promote the reclamation, reuse, and cascading utilization of wastewater through process optimization and facility
BNBM Taishan Gypsum Lunan can consume approximately 250 ,000 tons of industrialby -product gypsum annually, upgrades, continuously reducing water consumption per unit of product . We focus on cultivatingwater -saving awareness among
saving over 40 mu of land otherwise occupied by industrial waste stacks, effectivelyreducing secondary allstaff,providing special trainingon water efficiencymanagement schemes, integratingthe concept of intensivewater use into
environmental pollutionand enhancing both ecologicaland economic benefits; dailyoperations, and continuously improving water recyclingefficiencyto support sustainabilitygoals.
BNBM Suzhou currentlyhas 2 large-scale modern paper -faced gypsum board production lineswith an annual capacity
Recycling and Utilization of Waste at the End of the Product Life Cycle
of 70 millionsquare meters .The raw materials used are desulfurizationgypsum, an industrialby -product of coal-fired
power plants,achieving high-efficiencyand high-value-added utilization of solidwaste ;
By establishing a standardized recycling network, improving recycling processes, and developing high-value utilization
technologies, BNBM comprehensively promotes the resourceful utilizationof building material products at the waste stage. We
are committed to achieving closed-loop management from raw material acquisition and product manufacturing to terminal
BNBM Dragon Brand (Chongqing) mainly uses desulfurizationgypsum produced during power plant operations as raw recycling,transitioningtoward a circulareconomy model .
material,consuming over 200 ,000 tons of desulfurizationgypsum annually;
Establishing zero -waste factories
BNBM Shaanxi adheres to the concept of green innovation, using desulfurizationgypsum from thermal power plants
as the main raw material to produce paper -faced gypsum board, achieving comprehensive resource utilizationand
consuming 200 ,000 tons of desulfurizationgypsum for the year.
In 2025 ,the Company has cumulatively established a totalof 8 zero-waste factories.
Sustainability Report
Exhaust Gas Management
Protecting Ecological Environment
The Company maintains high standards for exhaust gas treatment, setting"near-zero emission" thresholds stricterthan national
and industry standards : <20 mg/m? for SO ₂, <30 mg/m? for NO ?, and <5 mg/m? for particulate matter . These standards are
BNBM strictlycomplies with the relevant laws and regulations of China and itsvarious operating locations. By implementing gradually applied to gypsum board production lines. Subsidiariesof BNBM furtherrefinewaste gas management measures in all
internal management systems such as the BNBM Ecological and Environmental Management System , it standardizes the linksusing intelligentmeans based on theirproduction process characteristics,ensuring compliant waste gas emission . Gypsum
management methods and processes for wastewater, waste gas, and waste during the operations of itssubsidiaries. board enterprises are implementing near -zero emission standards, while waterproof material companies are utilizingRTO
(Regenerative Thermal Oxidizer) systems to mitigate the pollution of the atmospheric environment caused by organic waste
This year gases .
Case Study : BNBM Dragon Brand (Chongqing) IndustrialKiln Flue Gas Deep Treatment Technical Renovation
The Company furtherreduced pollutant emissions and the environmental impact of production through continued promotion of In 2025 , BNBM Dragon Brand (Chongqing)
near -zero emission techniques, clean energy replacement, intelligentexhaust gas management, and other measures . The carried out a deep treatment technical
compliance rate for pollutantemissions was 100 % . renovation project for industrialkiln flue gas.
After renovation, annual sulfur dioxide
emissions decreased by 36 .50 tons, a drop of
Wastewater Management 69 .2% . This not only promoted regional air
quality improvement but also achieved a win -
The Company strictlycomplies with local wastewater discharge standards . Production bases installwastewater treatment win for economic, environmental, and social
facilities
to preliminarilytreat production wastewater and cooling water, which is then reused or discharged to municipal benefits.
treatment plants after meeting standards . In 2025 , we strengthened wastewater emergency management by constructing
emergency containment tanks at our production bases . Through the timely collection of initialrunoffs and the continuous
Overview of Dragon Brand New Materials (Chongqing) Co., Ltd.
optimization of rainwater and sewage separation,we monitored and treated wastewater to ensure centralizeddischarge.
Case Study : BNBM Taishan Gypsum Dawenkou Town Water Environment Comprehensive Treatment Project
Waste management
BNBM Taishan Gypsum invested CNY 150 million to construct the sewage treatment plant and artificial wetland project in
Dawenkou Town, Tai'an City. Launched in September 2018 and operational in April2020 , ithas a daily processing capacity of BNBM strictlycomplies with national laws, regulations, and industry standards, closely monitoring policy dynamics . The
industrialpark . The effluent quality exceeds the Class 1A standard of the Discharge Standard of Pollutants for Municipal continuously improves internalsystems such as the BNBM Ecological and Environmental Management System to strictlytreat
Wastewater Treatment Plant. From 2023 to 2025 , average parameters such as COD and ammonia nitrogen were significantly general industrialwaste and hazardous waste, ensuring high-efficiencyand compliant disposal.For general industrialsolidwaste,
better than the limits. After deep purificationthrough the constructed wetland, the water quality meets the Class IV production bases set up dedicated warehouses for classifiedstorage and regular disposal. For hazardous waste, a “Same -day
requirements of the Environmental Quality Standards for Surface Water and isdischarged into the Xiaocao River.The operation waste clearance" principleisimplemented ; generating departments transferwaste to dedicated storage rooms on the same day
of this project has effectivelyimproved regional water ecology and the livingenvironment, supporting green investment for classifiedstorage.Through a "digitalledger + manual record" dual-track management, full
-process online traceabilityof entry
attractionand sustainable development . and exitis achieved . Simultaneously, the Company entrusts qualifiedthird-party institutionsfor regular standardized disposal,
ensuring the entirehazardous waste treatment process islegal,safe,and traceable.
Biodiversity Protection
BNBM fullyrecognizes the significanceof biodiversityin maintaining ecosystem stabilityand supporting long-term sustainable
development, integrating ecological protection concepts into the entire process of enterprise development and project
management .The Company has released environmental protection and biodiversityprotection statements, clearlyincorporating
biodiversityprotection into its environmental management focus and setting specificrequirements for protecting sensitive
ecological areas. The Company also extends these principlesto supply chain management, explicitlyrequiring suppliers and
partners to avoid production or business activitiesnear national and globally important ecological areas and other sensitive
ecologicalregions,strengthening ecologicalriskprevention and control at the value chain level.
During the initiationand siteselectionstages of new or expansion projects,the Company strengthens the prior identificationof
ecological risks and strictlyconducts biodiversity due diligence. By combining ecological mapping analysis with on -site
inspections, the Company proactively avoids ecological protection redlines, nature reserves, and key biodiversity areas,
minimizing potentialinterferencefrom project construction on habitat integrityand ecosystem structures.During production and
operations, the Company continues to drive resource efficiencyand production process optimization to reduce the intensityof
Taishan Gypsum Wentai Environmental Protection Tailwater Constructed Wetland natural resource occupation and ecologicaldisturbance.
Sustainability Report
Strengthening Environmental Improving the Environmental Management System
Management To solidlypromote environmental management, the Company established an environmental management structureincluding the
Board of Directors,the Strategy and ESG Committee, and the Safety and Environmental Protection Department, forming a top-
down management mechanism . A verticalmanagement chain of "Headquarters - Segment Company - Subsidiary" was builtto
continuously drive the implementation of environmental protection and ecologicalconstruction management at alllevels.
BNBM complies with the requirements of the Environmental Protection Law of the People's Republic of China , the Law of
strictly
the People's Republic of China on the Prevention and Control of Atmospheric Pollution, the Law of the People's Republic of China
on Promoting Clean Production , the Energy Conservation Law of the People's Republic of China , and other laws and regulations
BNBM environmental management system
related to energy saving and environmental protection. It has formulated and released the Environmental Policy Statement ,
continuously optimizing itsenvironmental management system, implementing diversifiedenvironmental protection measures,
increasingenvironmental regulation,and comprehensively promoting the progress of environmental governance .
The Company earnestlyfulfills itsprimary responsibilityfor environmental management, continuously improving internalsystems
such as the BNBM Ecological Environmental ResponsibilitySystem and the BNBM Ecological Environmental Management System . The Board of As the highest management body for environmental matters, responsible for the execution and
It links management compensation to environmental management performance indicators, where serious environmental Directors supervision of the Company's environmental management and performance .
violationsmay impact theircompensation and performance ; continuously improving the Environmental Management System of
subsidiariesto ensure the comprehensive and effectiveoperation of the environmental management system .
Based on the year 2020, the Sulfur dioxide emission intensity Strategy and Assisting the Board in supervising environmental matters, regularly collecting environmental
sulfur dioxide (SO
ESG Committee management updates from relevantdepartments, and reporting them to the Board .
emission intensity shall
decrease by 30%
Based on the year 2020, the Nitrogen oxide emission intensity
nitrogen oxides (NO?) a decrease of 45.11 %
emission
decrease
intensity shall
by 30%
Safety and Mainly undertaking environmental management responsibilitiesin areas such as energy
Environmental
Based on the year 2020, the Industrial particulate matter emission intensity conservation, emission reduction and ecological protection, and regularly reporting to the
Protection
Industrial particulate matter a decrease of 67.31 % Department Strategy and ESG Committee .
emission intensity shall
decrease by 30%
Undertaking the environmental management work from the headquarters, establishing an
Segment
The emission intensityof sulfurdioxide,nitrogen oxides,and industrialparticulatematter environmental protection department, improving tasks such as riskidentification,
job inspections,
Companies and
willbe reduced by 1% compared to 2025 . Subsidiaries supervisory checks and system construction, ensuring the effective implementation of
environmental management measures, and regularlyreporting to the headquarters .
In 2025
BNBM has established and continuously refined its environmental monitoring and risk prevention and control system . The
were honored national-level "Green Factory" were awarded the title of provincial or municipal level "Green Company fullypromotes the PDCA (Plan-Do -Check -Act) cycle management mechanism, guiding subsidiariesto systematically
Factory" carry out environmental riskmanagement and performance improvement .
Sustainability Report
Environmental Monitoring and risk prevention and control System
Optimization of Water and Energy Conservation Measures
Each subsidiary formulates a detailed environmental self-monitoring plan at the beginning of each year
landscape irrigationand green plant watering ; by dynamically adjusting the operating times and
and entrusts qualifiedthird-party monitoring units to strictlyconduct commissioned monitoring work
controllingthe temperatures of refrigerationunits,electricityconsumption is reduced ; lightingand hot
every quarter. The Company regularly organizes internal environmental audits covering all operating
water supply are meticulously managed with scheduled on/off times to lower energy consumption .
locations every year. Through a collaborativeinspection mechanism combining "inspection, guidance,
training, and service", we conduct comprehensive verificationsfocused on document and permit
management, discharge permit execution, environmental facility status,self-monitoring implementation,
unorganized emission control,and solid and hazardous waste management . For units with discovered
problems, the Company issues written hazard rectification notices and continuously tracks and supervises
the implementation of rectifications
.As of the end of the reporting period, subsidiariesidentifieda totalof Creating a Green Office Environment
forms of dailyawareness campaigns .These include posting promotional posters in public areas, regularly
sending energy -saving and environmental protection email reminders to employees, and hosting themed
lectures. These effortsaim to enhance employees' environmental awareness and jointlycreate a green
officeenvironment .
The Company accepts central and local environmental inspections, including regular inspections and
random spot checks, achieving fullcoverage of key areas for external environmental inspections every
year,accounting for nearly 100 % of production and operation enterprises.
In 2025 , the Company continued to strengthen environmental management system construction,actively
promoting environmental certifications and clean production audits for subsidiaries. Allproduction and Enhancing Employee Environmental Awareness
operation enterprises conducted environmental management according to Environmental Management
System (ISO 14001 ) and Energy Management System (ISO 50001 ) certifications and formulated internal To implement environmental measures and strengthen employee awareness, BNBM conducted environmental trainingfor 46 ,226
standards to accept the management results of each production base . Currently, 99 production and participantson topics such as solidwaste classification,
airpollutionprevention, and emergency response plans.
operation enterprisesgroup -wide have 100 % obtained ISO 14001 certification, and 49 have obtained ISO
declared and passed clean production audits,accounting for 40 .4% . Case Study : Practicing Green Concepts and Creating an Eco -friendly Atmosphere
Taishan Gypsum (Liaocheng ) Co ., Ltd systematicallyorganizes themed trainingand publicityactivities centered on green
development concepts during key environmental dates such as Arbor Day, National Energy Saving PublicityWeek, National
Additionally,guided by the headquarters' principles,subsidiaries have established systems such as the Measures for the
Low Carbon Day, and World Water Day . Through a series of measures, the factory has created an environmental culture
Environmental Emergency Response Management and the Environmental Risk Hazard Investigationand Control System These
atmosphere of universalattention and wide participation,effectivelyenhancing employees' environmental awareness and
systems are continuously improved based on the characteristicsof each production base . Subsidiariesalso regularlyupdate their
practicalcapabilities . The employees not only deeply understand the strategicsignificanceof green development but also
listsof significantenvironmental factors, conduct risk investigations and assessments, and organize comprehensive and
proactively practice behaviours such as energy conservation, consumption reduction, and ecological protection in their
specializedemergency drills.In 2025 , no major sudden environmental incidentsoccurred at BNBM .
daily work . This provides solidgrassroots support, and action guarantees for the factory to continuously drive low -carbon
transformation and implement green development goals.
Practicing Green Office
BNBM implemented the OfficeResource Management Measures to encourage green officepractices,including:
Comprehensive Implementation of Paperless Office
officeoperations; a centralizedmanagement model for officesupplies has been adopted, establishinga
shared officesupplies inventory. This allows various departments to share daily supplies such as paper,
ink cartridges,and drinking water, minimizing paper usage and improving the efficiencyof public
Green Slogan Publicity
resource allocation.
Sustainability Report
Quality
Against the backdrop of China's continuous promotion of high-quality development, BNBM bases itself
on the direction of transformation and upgrading in the building materials industry, continuously
serving the development needs of customers and society with higher quality solutions. The Company
revolves around improving product and service quality, strengthening technological innovation
support, and deepening green low -carbon practices. We continuously refinea solution system covering
the entire business chain, creating value for high-quality industry development and sustainable socio-
economic growth by providing quality services,driving technological innovation, and offering green
solutions.
Sustainability Report
Creating Quality Services Improvement Strategy
BNBM persistsin taking quality as the core and customers as the center, treating the creation of high-quality products and The Company strictlycomplies with the Product Quality Law of the People's Republic of China , the
excellentservicesas the important foundation for supporting the Company's steady operations and value creation. The Company Standardization Law of the People's Republic of China, the Metrology Law of the People's Republic of China ,
continues to deepen quality management and service capabilityconstruction, revolving around enhancing product reliability, the Law of the People's Republic of China on the Protection of Consumer Rights and Interests, the
service professionalism,and customer experience to continuously solidifythe internalmomentum for high-qualitydevelopment . Regulations of the People's Republic of China on the Administration of Production License for Industrial
While meeting customer needs for safety,health, and high quality,the Company empowers downstream application scenarios Products , and the Measures for the Metrological Supervision and Administration of QuantitativelyPacked
through quality products and services,promoting the coordinated development of the industrialchain and the simultaneous Commodities . We continuously stabilizethe high-quality management system and pursue excellence in
improvement of business qualityand socialvalue. product and service quality, establishing a new competitive advantage in cooperation centered on
technology leadership,standardized operation, brand building,qualityexcellence,and qualityservice.
In terms of During the reporting period, the Company revised the Product Quality Management System , systematically
Governance System product
quality
clarifyingmanagement requirements for product quality in raw material control, production process
control,and finishedproduct management . Itstrictly regulates the use of raw materials,explicitly
requiring
and achieving the non -addition and non -inclusion of harmful substances in all products according to
A Vice General Manager is responsible for coordinating quality management work, driving the industry specifications,ensuring products are safe and reliableduring use . Supervision and inspections of
implementation of quality requirements in all business links. The Company clarifiedthat the Operating quality management are conducted periodically for business related companies . Simultaneously, the
Management Department undertakes qualitymanagement functions within itscomprehensive management Measures for the Administration of Identificationand Labeling of Semi -finishedand Finished Products were
In terms of scope, with dedicated personnel responsible for system publicity, process supervision, problem formulated and implemented to standardize product identificationand labeling management, further
product coordination, and closed-loop tracking. This forms a quality management governance system coordinated solidifyingthe foundation of product qualitymanagement .
quality
by management, led by functionaldepartments, and implemented by dedicated posts.
Case Study : Promoting Group -wide Quality Management via "Quality Month" As a Key Enabler
To comprehensively improve customer servicequalityand experience, the Company established a Customer
Service Leading Group with the Chairman as the head and relevant senior executives as deputy heads,
In September 2025 , taking the 48 th national "Quality Month" as an opportunity, the Company systematicallycarried out
coordinating and leading all employees in customer service strategic planning and experience
special product quality management activitiesacross all levels of enterprises centered on the "Quality First"concept .
enhancement . Simultaneously, the Company established a Customer Service Working Group, with each
Through launching publicity,quality commitments, special sampling, standard training,and skillcompetitions, we
business segment responsible for daily customer service synergy and management, focusing on
continuously strengthened quality awareness and management capabilitiesamong allstaff. The activitiescovered main
implementing measures for precise response to customer needs, efficienthandling of complaints, and
products such as gypsum board, waterproof materials, and coatings. Through product quality sampling and process
continuous optimization of service processes . BNBM continuously improves its customer service
supervision,we strictlycontrolled product ex-factoryquality,pushing qualitymanagement requirements to the production
management system, clarifyingthe responsibilitiesof institutionsand personnel at all levels, and
frontlineand allbusiness links,furthersolidifyingthe foundation for product qualitycontrol.
incorporating customer satisfactionand service quality metrics into the performance appraisal and
accountabilitymechanisms of relevant departments and employees to ensure effectiveimplementation of
In terms of serviceresponsibilities
.
customer
To protect customer privacy, the Company clarifiesthe responsibilitiesof management bodies and
service
personnel through information security management systems and incorporates information security
compliance requirements into employee performance management and accountability mechanisms to
strengthen the implementation of information security responsibilities. The Board of Directors and the
Strategy and ESG Committee exercise overall supervision of information securitywithin the ESG scope . A
Cybersecurity and Informatization Leading Group was established with the Chairman as the head, leading
senior management and allemployees in information security protection. Simultaneously, the Company
established a Cybersecurity and Informatization Working Group to conduct daily network security
management, focusing on implementing information securityprotection measures .
Screening of production line process hazards
Sustainability Report
Case Study : Deepening All-level Marketing Synergy and Enhancing Comprehensive Service Capabilities
BNBM upholds the "Customer Command Height" strategy, adhering to the marketing philosophy of
"Customer First,Win -win Cooperation" and the service philosophy of “The needs of the customer as our
To furtherenhance the comprehensive servicelevelfor key accounts, BNBM
own" . We prioritize
understanding and meeting customer needs, continuously innovate product and service
actively practices the all-level marketing synergy strategy. In 2025 , the
models, and build stable, long-lasting,harmonious, and win -win relationships to improve customer
Company accurately aligned the demands of top industry customers,
satisfactionand loyaltyand achieve common development .
committing to providing them with full -product scenario-based solutions.
Centered on customers, the Company integrates resources across the upstream and downstream of the Taking the docking with the well-known residentialserviceplatform "Beike"
industrialchain, building a new integrated industrialplatform of "technicalsolutions+ product integration+ as an example, the Company relied on efficientinternal synergy to
service consulting". This platform provides comprehensive solutions across the entire industrialchain, successfullydrive itsthree main brands —"Dragon Brand", "Taishan ", and
lifecycle,and system integration,fullyadvancing the transformation into the "Marketing 2.0" model . This "Carpoly"—to fullywin the bid for Beike's centralizedprocurement strategic
year, the Company accelerated itstransitiontoward a comprehensive manufacturer and serviceprovider of cooperation . This group -wide synergy not only provided customers with
consumer building materials,promoting the "four transitions"of "commercial to residential, urban to rural, one -stop integrated green building material services but also significantly
base materials to surface materials,and products to services". In the residentialservice field,the Company enhanced home decoration delivery efficiency and end -consumer
relieson itsexcellent green eco -friendlybuilding material system to provide customized interioroverall Beike centralized procurement strategic
experience, demonstrating the Company's core strength in transforming
cooperation visit
solutions for end consumers . The Company actively responds to national construction calls,deeply into a comprehensive serviceprovider.
promoting the "Good Materials Match Good Houses" special project. Centered on scenarios, quality
products such as high sound insulation fireproof gypsum board partitions and inorganic antibacterial
In terms of
customer interiorwall eco -friendlycoatings were successfullyselected for the firstbatch of high-quality products in
Implement customer privacy protection and information security measures in itsown operations :
service the "Good House" construction applicable building materials list, deeply transforming into overallsolutions
serving households . By building exclusive civilconstruction and residentialservice brand standards and The Company strictlycomplies with laws and regulations such as the Law of the People's Republic of China on Guarding State
strengthening technical deliveryguidance and after-sales guarantees, the Company iscommitted to solving Secrets and the Interim Provisions on the Protection of Business Secrets of Central Enterprises. Based on rules and regulations
pain points in household livingenvironments, delivering high-quality,healthy, and low -carbon building such as the Company ' s Information Security Management System , itorderly carriesout various measures to ensure information
materials directlyto thousands of households, and serving the needs of the people for a better lifewith security.
heart.
The Company formulated internalmanagement systems such as the DistributorManagement System and
In 2025, the Company deployed a Zero Trust
the Sales Service Management Measures, continuously standardizing customer service management
Network Access (ZTNA) system to eliminate the An integrated security monitoring platform has
processes and building an efficientnational service network . We provide customers with personalized and
Application public internet exposure of internal applications. Security been established to provide real
-time visibility,
differentiatedproducts and services,offering "one -stop" customer service covering the entire pre-sales, Security This initiative centralizes identity authentication Monitoring enabling the proactive detection and
mid -sales, and after-sales process. To address diverse customer product needs, the Company has also and access management (IAM), effectively remediation of anomalous access behaviors.
established a demand management process for collectingand filteringrequirements . Through third-party minimizing the corporate attack surface.
research, participationin industry exhibitions,and other methods, the Company understands and analyses
customer and market needs, expectations,and preferences to identifytargetmarkets and customer groups .
Firewalls are deployed across all data center
Perimeter
perimeters to secure Internet access for business Since 2021, the Company has classified and
Security
systems and office endpoints. registered its official websites and internal
Case Study : Deepening Regional Service Synergy and Enhancing Comprehensive Service Capabilities Registration systems under the Multi-Level Protection
& Scheme (MLPS). We achieved MLPS Level 2
Certification certification, with mandatory -assessments
re
All server operations and maintenance are done conducted biennially to ensure ongoing
In April 2025 , centering on improving regional customer
Internal through bastion hosts, effectively preventing compliance;
service capabilities,the Integrated Business Department
O&M unauthorized access. The entire O&M process is
led the "Central Enterprise Quality Mile" promotion and
Control recorded via audit videos for the traceability of
exchange activitiesin several key cities in Xinjiang. every operation.
Targeting local residential associations, designers,
construction teams, and core distributors,
itsystematically
Spearheaded by the Digitalization Center, the
displayed the synergistic advantages of full product
Company has developed multi -scenario
systems, new construction methods, and comprehensive A three-level disaster recovery strategy has been
contingency plans covering system failures,
service solutions. Through special exchanges, technical Data implemented for our core business system,
cyberattacks, malware outbreaks, and data
sharing, and cooperation docking, the Company further Security incorporating on-server, on-site, and off
-site
center emergencies. Mission-critical
data redundancies.
strengthened communication and service response for Emergency infrastructure
—including servers, security
regional customers, promoting the coordinated linkage of Management appliances, and backup systems —is supported
by OEM hardware maintenance and professional
multi-segment businesses in the Xinjiang market and
technical O&M services. This ensures that
continuously improving the professionalism and A robust Host-based Security System (HBSS) has software versions and threat signatures remain
localizationsupport of customer service. "Magnificent Xinjiang Central Enterprise Quality Mile" Server been deployed, integrating automated antivirus current, enabling rapid response and service
Promotion and Exchange Activities Security protection, Trojan/hacker intrusion prevention, restoration in the event of a failure.
and vulnerability management.
Sustainability Report
Further strengthen data security management for third parties:
To continuously understand potentialcustomer needs and satisfactionwith product services,the Company
During the reporting period, the Company continued to enhance digitalempowerment and cybersecurity management . By
formulated and strictlyimplemented the Measures for Handling Customer Complaints and established
establishing the "Shutong (DigitalVision) BNBM" data management framework, the Company implemented data -at-rest
diversifiedcommunication channels, including web, email, telephone, letters, and face-to-face feedback .For
encryption and tiered authorization for mission -criticalsensitivedata, while enforcing stringent access controls. The Company
product quality complaints, sales personnel will conduct on -site verificationimmediately upon receipt,
established a security isolationmechanism for marketing data and implemented segment -based permission isolationin the
activelycommunicate with customers, and jointlydiscuss and implement solutions. For servicecomplaints,
internaldata middle -end . The Company mandated 100 % signing of Data Security and ConfidentialityAddendums for allthird-
the person in charge will timely communicate and coordinate with relevant responsible departments to
party vendors with access to customer data . UtilizingZero Trust Network Access (ZTNA), robust permission management, and
rectifyand optimize servicedeficiencies . The Company also strictly stipulatesresponse and processing time
audit logging, the Company maintains continuous monitoring of marketing system access, prioritizingthe detection of threat
limitsfor each stage of a complaint, explicitlyrequiring a reply within 48 hours of receiving a customer
vectors such as anomalous IP logins.
complaint to ensure issues are concerned and addressed promptly . Additionally,the Company conducts
customer satisfaction surveys in accordance with the Measures for the Administration of Customer
SatisfactionSurveys ,taking the satisfactionof distributorsat alllevelsas a core performance metric.In 2025 ,
the Company organized distributorsatisfactionsurveys across alllevelsof business segments, across 8 units
Strengthen information security capability building and training:
including Dragon Brand Gypsum, Taishan Gypsum, Dream Brand Gypsum, and BNBM Waterproof . Total
The Company continues to conduct training via publicity posters, emails, "Cybersecurity-Classes",
Mini and special lectures. respondents exceeded 910 ,000 , with satisfactionperformance remaining stable and above the set target
During the reporting period, the implementation of information security training was as follows: In terms of level.
customer
service To protect customer privacy rights,the Company implements a closed-loop management mechanism for
data securityissues discovered during business operations, organizing company -wide screenings for typical
mechanism, organizing annual penetration testsand quarterly vulnerabilityscans for key business systems .
Cybersecurity Awareness Risk warnings and security Sessions of Cybersecurity Special training
Through external professional assessment, it strengthens security verification and improves the
Week series of activities reminder emails sent to all staff Mini-Classes lecture
comprehensiveness and objectivityof risk identification . The Company also built accessible proactive
identificationchannels and established an information securityissue reporting and response mechanism . If
the employees discover any information security risk or abnormality, they can report to dedicated
information securitypersonnel in the DigitalizationCenter via email, telephone, or instantmessaging tools.
Dedicated personnel willtimely report the issue according to the process, coordinate with system vendors
Risk prevention and control and O&M stafffor verificationand handling, promote issue rectification and riskprevention and control,and
conduct accountabilityhandling according to regulations to ensure the information securityincidents are
addressed effectivelyand promptly .
The Company emphasizes the continuous improvement of quality awareness and quality responsibility
across all business segments . In the design and development stage, the Company incorporates risk
assessment standards fullyinto the product and service development process, identifyingand avoiding Performance Metrics
potential quality hazards from the source to ensure high reliability and compliance from inception. To
prevent qualityrisksduring delivery,afterproducts pass inspection and enter the warehouse, the Company During the reporting period, the Company continued to promote ISO 9001 quality management system certification,
with 97
re-verifiesthe appearance qualityand packaging integritybefore delivery. Shipment isonly permitted after enterprisesobtaining the certification
.
confirming compliance, forming a quality risk prevention and control step prior to product delivery. To
strengthen refined quality management, the Company has established a quality compensation rate This year, the Company has set and achieved multiple quality management goals :
indicator, extending cost control requirements from internal production to quality cost management,
reinforcingmanagement requirements centered on quality to enhance consumer satisfactionand build a
high-qualityproduct image . 100 % 0 100 %
The Company also strengthened quality riskprevention and control for production units at alllevels. The Product quality pass rate in government Quality-related supervision penalties Product ex-factory
production data are collectedand summarized at our headquarters monthly, conducting benchmarking and supervision sampling issued by government departments pass rate
In terms of
product evaluations of product pass rates, unit consumption, and energy consumption to monitor production
quality qualitytimely.
≤ 0.01 % 100 %
This year Customer product quality complaint rate Annual quality system certification rate of
normal production enterprises
score above 9.0 and successfullyfulfilling
the annual performance targetof "no lessthan 9.0".
Quality supervision inspections Identifying and rectifying Rectification rate
This year, the Company received 21 complaints regarding products and servicesand achieved a 100 % resolution rate. No major
customer privacy leaks or information security incidents occurred, and no product recalls occurred, gaining widespread
recognition from customers .
Sustainability Report
BNBM continues to build a collaborative,open, and shared technological innovation system, promoting the systematic integration
Promoting Technological Innovation and efficientallocationof innovation resources and strengthening the role of technological innovation in supporting business
development .
Centering on the "One Body, Two Wings and Global Layout" strategy,BNBM continues to focus on itsthree core Centering on customer needs, The Company actively deepens synergy and
businesses of gypsum board, waterproofing, and coatings. It builds an internallyand externally collaborative, production/operation improvements, and cooperation with universities, scientific research
application technology trends, the Company Internal External institutes, and industry organizations to promote
open, and shared technological innovation system, empowering product upgrades and sustainabilitythrough coordinates innovation in key links such as productInnovation deep integration of industry, academia, and
Innovation
technological innovation. The Company persistsin tackling key core technologies and major scientificprojects, R&D, production technology, and application
Strategy Cooperation research, accelerating the conversion of scientific
technology to ensure R&D directions remain highly achievements into engineering applications and
fullyexerting its role as the main subject of innovation and the "problem setter",continuously improving the
aligned with market and industrial demands. industrialization.
output and transformation capabilityof scientific
achievements .
Optimize R&D Incentive Systems
Governance System The Company continues to improve itsincentiveand achievement management systems for technological innovation, formulating
and implementing measures such as the BNBM Measures for the Administration of Declaration and Evaluation of Scientificand
The Company established a Science and Technology Committee led directlyby the Chairman to coordinate decision-making and Technological Achievements and the BNBM Patent Reward Measures . During the reporting period, the Company issued the BNBM
management related to technological innovation. Focusing on the "1235 " technological innovation strategy,the Committee Measures for Rewards of All-employee Technological Innovation (Trial)to build a value-creation-oriented incentive system,
conducts overallplanning for innovation system construction,R&D focus areas, and resource allocation. Through the continuous expanding reward coverage, strengthening the linkage between incentivesand profitgrowth, and increasing supporting support
improvement of the Articlesof Association and supporting management systems, itensures that technological innovation work for external technology awards . Simultaneously, the Innovation Research Instituteformulated the Measures for Performance
proceeds orderly within the institutional
framework . Appraisal of R&D Personnel to further refine classifiedassessment and performance evaluation mechanisms for researchers,
linking scientificachievements and technical contributions with performance evaluation to drive synergy between incentive
mechanisms and innovation goals. Spanning the entire innovation lifecycle,the Company stimulates researcher vitality
through
Strategic Roadmap "Technology Open Competition Mechanism" incentives,patent and achievement rewards, and technological innovation honors
complemented by external award matching . These initiativesstrengthen the endogenous drive for criticaltechnology
breakthroughs and the commercialization of scientific
achievements .
BNBM continues to strengthen the overallplanning and project-based management of R&D work by improving itstechnological
innovation institutionalsystem . The Company revised and improved core systems such as the Charter of the Science and New Progress in DigitalTransformation
Technology Committee and the Measures for the Management of Major Scientificand Technological Program Projects, BNBM takes digitaltransformation as a primary enabler for upgrading its technological innovation system and changing
standardizing divisionof duties,project initiation,
implementation management, and fund use requirements to drive full -process management models .Guided by the "1254 “8 DigitalTransformation Blueprint,itsystematicallypromotes the deep integrationof
management of major projects.On thisbasis,the Company sorted key R&D directionsaround the "One Body, Two Wings" strategy, digitaltechnology with core businesses in areas such as group governance, business synergy, and intelligentmanufacturing,
clarifiedtechnical breakthrough pathways, and orderly advanced R&D work, continuously enhancing the support capabilityof continuously enhancing the support of technology for operations and industrialupgrading . During the reporting period, the
technological innovation for business development .In 2025 ,the Company initiated11 major scientific
and technological program Company advanced digitaltransformation through the following pathways :
projectsfor the year.
Solidifyingorganizationaland institutional guarantees for digitaltransformation based on unifiedgovernance : The Company
established a DigitalizationCenter to build a group -wide digitalcoordination system covering headquarters, business domains,
BNBM “1235 ” Science and Technology Innovation Strategy
segments and member enterprises. By improving systems and incentives,promoting the construction of professional ITBP
teams, and conducting 12 sessions of group -wide AI special training,it continuously enhanced digitalgovernance and
execution efficiencyat the organizationallevel. During the reporting period, 1 subsidiary was certifiedas a 4-star enterprisein
national/industry standards such as IndustrialInternet Platform-DigitalizationManagement of Safety Production (Building
MaterialsIndustry).
Taking business integrationas the core, driving digitalreconstruction of key operational and management processes : In core
areas such as finance,procurement, R&D, and operation management, the Company steadilyadvanced the construction and
continuously improving the integrationof business and finance and master data governance, and strengthening group -wide
synergisticcontrol.
Focusing on intelligentmanufacturing, promoting deep application of digitaltechnology in production and operations: Based
Gypsum board and "gypsum board +", waterproof materials, and
coatings
on the characteristicsof gypsum board, waterproofing, and coatings,the Company progressivelyadvanced intelligent factory
construction, released intelligentfactory standards, and cultivateddemonstration projects. Through applications likeMES,
DCS, and the IndustrialInternet,it enhanced visibility, leanness, and stabilityin production, forming reproducible and
promotable intelligentmanufacturing practices. During the reporting period, the Company completed 7 advanced intelligent
factories,promoted the application of 5G+MES smart factories and Beacon MES systems, completed the intelligent
transformation of 7 digitalfactories,and equipped 90 % of key equipment with automatic inspection and alarm functions.
R&D investment, systems and processes, platform construction,
incentivemechanisms, and talentguarantee
and 4 safeguards.
Sustainability Report
Case Study : Leading Industry Standards for IntelligentGypsum Board Manufacturing
Risk prevention and control
BNBM released the Gypsum Board IntelligentFactory 2.0 Standard System, forming a complete normative framework
BNBM regards intellectualproperty (IP)protection as an important part of technological innovation riskmanagement, viewing it
covering planning, construction, operation, and evaluation. It clarifiescore requirements such as intelligentequipment
as a key enabler for preventing technical infringement risks,ensuring the safety of innovation achievements, and maintaining fair
interconnection, data flow, system integration,and operation evaluation, guiding factoriesfrom point automation to
competition .While promoting technological innovation, the Company simultaneously strengthens IP compliance management to
systemic intelligenceand from local renovation to full-process digitalupgrading . This standard is the firstsystematic
reduce legaland operating risksduring R&D investment and technicalapplication.
standard document for intelligent gypsum board factoriesin China, filling an industry gap and providing unified guidance
for internalupgrades and industry-wide application. The Company strictlycomplies with laws and regulations such as the Patent Law of the People's Republic of China and the
Copyright Law of the People's Republic of China . Combined with business development, it continues to improve the IP
management system centered on patents and trademarks . In 2025 , on the basis of the original framework, the Company
dynamically optimized certainsystems that no longer met the requirements of information-based management .
Case Study : Creating a National -level Excellence Model for IntelligentManufacturing
Key IP Protection Measures :
BNBM Carpoly Coating (Anhui) Co .,Ltd.'s"Digital
-IntelligenceIntegrated Eco -friendlyCoating Intelligent
Factory" was rated
as a national excellence-level intelligentfactory. By building an intelligentmanufacturing system covering design,
production, management, and operation, the project achieved production automation, management digitalization,
and Front -end Infringement Implementing Patent
Clarifying IP Ownership
business synergy .While improving production efficiency,
qualitystability,and resource utilization,itsignificantly
enhanced risk prevention and control Monitoring and Warning
order response and customer service,forming a reproducible and promotable industry model .
During project initiation, R&D, and In activities such as technical Continuously tracking industry
early stages of technical output, cooperation, commissioned R&D, patent layouts and key technology
patent literature searches and and technology transfer, IP trends, conducting patent
technical comparisons are ownership, usage scope, and monitoring and warning analysis
systematically conducted to responsibility boundaries are for core products and technologies
identify potential infringement clearly defined through contract to timely identify potential
risks in advance and reduce terms to prevent legal disputes infringement risks and competitive
compliance uncertainty during caused by unclear ownership and changes, providing risk alerts for
R&D and commercial application. protect the legal rights of the technological innovation and
During the reporting period, the Company's innovations. business development.
Company conducted special patent
analysis in key business areas such
as waterproofing, systematically
sorting out core technology layouts
and competitors' patent status to
support R&D decisions and
BNBM Carpoly Digital-Intelligence Integrated Eco
-friendly Coating Intelligent Factory
technical roadmap choices.
Sustainability Report
Achievements and Targets
Focusing on the support of technological innovation for high-qualitydevelopment, BNBM has gradually established a metric and
target system emphasizing both achievement output and capabilitybuilding. From R&D investment, achievement conversion, to
digitalizationand intelligent construction,the Company quantitativelyevaluates and tracks innovation results,drivinga shiftfrom
process -oriented to result-oriented management and enhancing the empowerment of innovation for business development .
BNBM Core R&D Performance in 2025
CNY 1.044 billion 4.13 % 45 8 4 2
Annual R&D investment R&D intensity Technology awards for projects in technical development, Major scientific research projects Projects/subtopics of the 14th Projects of the second batch of major
craft methods, and engineering technology of the country, the industry, and Five-Year Plan scientific and technological research
the Group in the building materials industry
Patents applications Cumulative applications Authorized invention Cumulative "Technology Open Competition Mechanism" projects for critical core Successfully passed Group-level
during the year patents during the year authorizations technologies commissioned by CNBM Group acceptance in June 2025
Total valid patents International patent Cumulative international Cumulative Newly added national -level Newly added national "Little Newly added provincial/ministerial
applications during the applications authorizations Manufacturing Individual Champion Giant" enterprise with specialized engineering/technology centers
year enterprise and sophisticated technologies were added
Over 50 %
As of the end of 2025, the percentage of enterprises group
-wide that have obtained High-Tech Enterprise certification
Sustainability Report
Case Study : BNBM Coating Empowers Landmark Assembly Hall Buildings with Green Technology
Green Solutions
BNBM relieson green low -carbon coating technology to provide high-qualitycoating solutions for national-levelassembly
halls and culturalvenues . While meeting the needs of high-frequency use and complex operating environments in large
As an industry-leading green building material enterprise, BNBM bases itselfon the requirements of national high-quality public spaces, the solutionsbalance environmental performance, durability,and architecturalaesthetics.Related products
development and "Carbon Peaking and Carbon Neutrality"goals, continuously integrating green concepts into product R&D, have been applied in various large conference venues and culturallandmarks . By reducing environmental impact and
technical applications, and systematic solutions. Revolving around fulllife -cycle building needs, the Company accelerates improving architecturalquality and safety, the Company continues to drive the demonstration application of green
collaborative innovation in green low -carbon technology and product systems . We partner with value chain participants to building materials in high-standard public buildings,supporting their development toward green, low -carbon, and high-
provide users with safer,more comfortable, and greener building solutions,supporting the construction of "Good Houses" and qualitydirections.
the improvement of project quality,contributingto the green transformation of society.
In product R&D, BNBM regards clean technology as a key path for supporting product upgrades, process optimization,and green
solution capabilities
. Focusing on energy saving, low emission, and low environmental load, the Company promotes the
application and iterationof clean technology in new material R&D, production process improvement, and systematic solutions,
making ita key technicalsupport for the Company's green transformation and high-qualitydevelopment .
In terms of clean technology investment, BNBM continues to include green low -carbon R&D, process transformation, and digital
empowerment into annual investment and R&D arrangements, focusing on supporting energy -saving materials, low -VOC
products, resource efficiencyimprovement, and green manufacturing technologies.
Facing the 15 th Five-Year Plan period, the Company willfurther combine the national "Carbon Peaking and Carbon Neutrality"
strategyand the green transformation trends of the building materials industry to systematicallysort out the strategicpositioning
of clean technology in product systems, manufacturing systems, and solutions,promoting the shiftof clean technology from
"important support" to "core technicalcapability".
Dragon Brand Coating provides supporting products for the National Centre for the Performing Arts
In 2026 , the Company plans to invest approximately CNY 200 million in the construction of a
production line with an annual output of 80 million square meters of gypsum plasterboard
utilizingsolidwaste resources, aiming to better support the green and clean development of its Case Study : Providing Green Building Material Systemic Solutions Based on "Good House" Standards
Clean
Technology products .
Investment Plan
Following the construction requirements for safe, comfortable, green, and smart housing in the Code for Residential
Projects,and guided by "Good House" construction, BNBM systematicallyintegrated green performance such as sound
insulation,moisture resistance,mold resistance,zero formaldehyde, and low emissions to form green building material
solutions covering gypsum board, waterproofing, coatings,and powder coating systems .Through technological innovation
and collaborativeproduct application,the Company provides integrated support for residentialspaces in acoustic quality,
health/safety,construction efficiency,and environmental friendliness,helping build a quieter, healthier, and more
comfortable green livingenvironment .
BNBM Waterproof China Chic New Exposed Coating
Sustainability Report
Talent Development
BNBM adheres to a people -oriented development philosophy, coordinating employee safety, rights
protection, and capability development as core components of its high-quality development . The
Company continues to solidifythe foundation of safety production, strengthening riskprevention and
control and safety awareness to effectivelysafeguard the lives and health of employees and
stakeholders. Simultaneously, it further improves employee rights protection and communication
mechanisms to create a fair,inclusive,and mutually trustfulworkplace . On this basis, centering on
strategicdevelopment needs, the Company systematically promotes talent attractionand cultivation.
By improving training systems, smoothing growth channels, and strengthening employee care, it
continuously enhances organizational vitality and achieves common growth and long-term
development with employees .
Sustainability Report
Core Production Safety Goals
Improving IntrinsicSafety This year, the Company set the following health and safety targets and metrics, allof which were achieved (allhealth and safety targets
and metrics of the Company include outsourced employees) :
BNBM consistently upholds the safety philosophy of "prioritizingemployee health and safety, creating an excellent working and
community environment, achieving zero accidents, and building an intrinsically safe enterprise",fostering a safety culture of "Total The number of work - The number of fire The pass rate for
Safety Awareness and IndividualAccountability" across allorganizational levels. The Company implements the safety policy of "allrisks
are controllable, all accidents are preventable" . Centered on the four core functions of "guidance, service, supervision, and
accidents
< 0.5 The severe
‰ injury rate 0 and equipment
accidents
periodic verification of
special equipment
management", we continuously improve the safety governance mechanism, driving enterprises at alllevelsto systematically enhance
safety management capabilitiesand provide solidsafety guarantees for steady operation and high-qualitydevelopment . Medical examination Safety
Monitoring coverage Reported cases
Following laws and regulations such as the Law of the People's Republic of China on Work Safety and the Occupational Disease
Prevention and Control Law of the People's Republic of China ,the Company continues to improve systems such as the Safety Production 100 %
of occupational
hazard factors
coverage for
personnel in
hazardous roles
diseases
hazard
rectification
rate
Management System , Occupational Health Management System , and Safety Production ResponsibilitySystem , forming a full-process
management framework covering responsibilityimplementation, risk prevention and control, process management, and supervision
improvement .The Company clarifies health and safety requirements and strengthens system implementation through the Occupational
Health and Safety Policy Statement and the Working Guidelines for "Comprehensive Safety" of Overseas Institutions . Simultaneously,
based on the characteristicsof the overseas business layout, the Company continues to refine occupational health and safety policies
Provision rate
of PPE 100 %
Three -level safety education rate for new employees, the certification rate of
special operation personnel, safety training rate for main principals
and overseas safety guidelines,strengthening coordinated prevention and management of overseas safety risksto safeguard the health
and safety of overseas employees . For merged and restructured enterprises, the Company uses the Work Manual for Safety and In 2026 , the Company will continue to implement the above -mentioned goals and striveto keep the serious injury rate per
Environmental Protection Management Integration of Restructuring Projects to drive the effective connection and capability
improvement of safety systems in newly integrated enterprises,solidifyingthe Group's overallsafety management foundation . thousand employees below 0.5 ‰
The Company activelypromotes ISO 45001 certification among member enterprises.This year, allnormal production enterprises group -
wide conducted management according to ISO 45001 , with 98 production member enterprises having passed ISO 45001 .
Continuously Promoting Safety Standardization
Safety Production Management System The Company actively implemented the BNBM Action Plan for Improving Safety Production Standardization , vigorously promoting
safety standardization construction among member enterprises.The Company continues to carry out classifiedmanagement of member
enterprises,using a combination of enterprise self-evaluation, segment recommendation, and on -sitereview by coordinated experts to
BNBM has established a collaborative,top -down health and safety management structure,clearly defining the safety management improve the comprehensive safety governance level of member enterprises. This year, 88 enterprises across alllevelsachieved safety
responsibilities
of the Board of Directors,the Production Safety Management Committee, and the Safety and Environmental Protection production standardization, including 1 at the firstlevel,66 at the second level,and 21 at the third level; additionally,99 enterprises
Department and member enterprises,ensuring the orderly implementation of the Company's safety management efforts. established a dual prevention and control mechanism for hazards . Additionally,the Gypsum Board Production Safety Specification, the
firstdedicated safety standard for the gypsum board industry in China led by the Company as the main drafter,was released this year,
drivingthe standardized development of safety in the industry.
As the highest management body for safety matters, responsible for the supervision of the Company's
Board of Directors
safety production management .
IntelligentSafety System
The Safety Production Management Committee is the leadership and decision-making body for safety The Company activelyresponds to the national "Technology -driven Safety" strategy,vigorously advancing the construction of intelligent
Safety Production
management . The Chairman of the Board is the overall responsible person for the committee, safety systems . This system integrates four modules : safety operations, video AI,facialrecognition,and personnel positioning. Through
Management
Committee organizing and deploying production safety management tasks and overseeing the execution and algorithms, it enables automatic identificationof hazardous phenomena and violations,full coverage of key areas with video
performance of the Company's safety management . surveillance,layer-by -layer design of safety management processes, and digitalizationof safety records, comprehensively supporting
the Company in achieving production safety. To date, the Company has completed the deployment of intelligentsafety systems in 108
Safety and production bases, including 31 added thisyear, orderly drivingthe intelligentsafety transformation of enterprises.
Headquarters established this department to handle the daily affairs of the Safety Production
Environmental
Management Committee, perform regulatory duties over the safety work of member enterprises,and
Protection
Department implement the Company's safety management . Ensuring the Safety of Contractor Employees
The Company consistently adheres to the principle of fairness,applying the same occupational safety management standards to
Related companies Undertake headquarters' safety management, monitor, identify,and manage health and safety risks,
contractor employees as to full-time employees to ensure consistency in safety management . We uphold the principle of localized
and Subsidiaries ensure effectiveexecution of safety measures, and report to headquarters regularly.
management, signing safety management agreements with relevant parties and labor outsourcing companies to clarifysafety
responsibilitiesand requiring them to implement the same safety management systems as internal employees, achieving
comprehensive standardization and enhancement of safety management for outsourced employees .
To solidifysafety responsibility,headquarters and subsidiaries continue to sign Safety Production Responsibility Letters,clarifying
divisionof duties for headquarters and production bases . Safety goals and key metrics are incorporated into the performance appraisal The Company rigorously reviews the health and safety qualificationsof contractors, thoroughly assesses their health and safety
system to drive the implementation of primary safety and environmental responsibilities . The general manager of a production and capabilities,and signs safety agreements to define safety management responsibilities. Additionally,the Company conducts regular
operation unit is responsible for establishing,improving, and implementing the unit' s full-staffwork safety responsibilitysystem, safety reviews of contractors and outsourced employees, ensuring the health and safety of outsourced employees .At the same time, the
strengthening the development of work safety standardization, and assuming comprehensive responsibilityfor the unit' s work safety. Company strengthens safety awareness training for outsourced employees, providing safety education and risk briefingsbefore they
On this basis, the Company further links management compensation directlyto safety management performance . A compensation begin work, enhancing work approval and on -site supervision, and intensifyingsafety inspections and rectificationeffortsto ensure
constraint mechanism is implemented for serious safety violationsto strengthen the internaldrive for health and safety management outsourced personnel fullyunderstand health and safety risksand master effectiveresponse measures, thereby preventing accidents
and promote the effectiveachievement of safety targets. involvingcontractors and outsourced employees .
Sustainability Report
Safety Production Risk Prevention and Control Safety Production Awareness Publicity
BNBM established a top -down safety riskprevention and control mechanism . Headquarters are responsible for identifyingtop- BNBM continues to carry out various This year
levelrisksand monitoring them . Based on this,related companies and production bases systematicallycarry out identification, types of safety awareness activities
prevention, and control of health and safety risks according to their own operations, ensuring requirements are effectively through "Safety Production Month",
implemented in frontlineunits. emergency drills, and safety
education training to enhance
The Company continues to advance the health and safety riskprevention and control mechanism in accordance with systems
such as the Safety Management Measures for Production and Operation Sites,Equipment, and Facilities with Major Hazards of
BNBM and the Measures for Identificationand Evaluation of Environmental and Hazardous Factors of BNBM . Headquarters
employees' safety awareness and
advocate a safety culture. 5 group -wide safety and environmental protection work meetings
provides continuous guidance to enterprises at alllevelson riskclassification
control and hazard screening, promoting closed-
loop management of identification,
assessment, control,and rectification.
Health and safety audits and major riskidentificationin production systems are implemented in our headquarters regularly. The
Comparison Table of Major Hazards and Control Measures for Production Systems and the Identificationand Evaluation
"Production Safety Month" Activities
Description for Major Hazards and Important Environmental Factors for Production Systems are improved continuously, providing
Through the "Safety Production Month" seriesof activities,
the Company integratessafety requirements into daily management
methodological support and management basis for subsidiariesto identifykey risksand implement targeted control measures .
and employee conduct, continuously improving safetyawareness and emergency response capabilitiesand deepening the levelof
Regarding safety risks in shared venues, the Company continues to focus on "factory-in-factory","park-in-park", and "office safetygovernance .
building leasing" scenarios. Through hazard screening and rectification
guidance for lessees,itstrengthens unified coordination
and management to effectively prevent safetyrisks.
Following the requirements of the "tacklingthe root cause" action for safety production, hazard
screening was extended from management -led to group -wide participation. Principals of
Production Safety Audits Hazard
Screening and enterprises at all levels led on -site screenings, implementing closed-loop rectificationand
Rectification verificationfor discovered issues. During "Safety Production Month", a cumulative 1,857 hazard
BNBM continues to follow the Measures for the Management of Safety Production and Ecological Environmental Protection
screenings were conducted, with a 100 % rectificationcompletion rate;
Inspections of BNBM ,clarifyingdivisionof duties and focus areas for headquarters and business segments during inspections,and
conducting annual inspections as planned . Simultaneously, the Company tiltssupervision resources toward key areas such as
overseas enterprises,construction projects,hazardous chemicals, and lessee management . It also organizes cross-inspections
between business segments to promote experience sharing and mutual learning,continuously improving inspection levelsand
riskprevention and control capabilities
. Using "Safety Publicityand Consultation Day" as a carrier,safetyeducation activities
moved out of
Safety Publicity enterprisesinto communities and families.Emergency knowledge and law popularization sessions
Audit functions at each level: and
were held with neighbouring units to extend safetyconcepts to society. During "Safety Production
Consultation
Month", a cumulative 41 safetyconsultation activitieswere held with 869 participants;
Conducts regular inspections of related companies, subsidiaries,and project units via on -site
Headquarters inspections, remote video inspections, and cross-segment inspections according to the plan,
along with dailyrandom spot checks to supervise the implementation of safetyresponsibilities
.
Accident Centered on main riskpoints,units organized emergency drillsfor fire,mechanical injury,electric
Emergency shock, and confined spaces . On -site operations and scenario simulations were introduced to
Drills improve employees' practicalhandling of emergencies ;
Conduct a safetymanagement system verificationfor allproduction bases under theirjurisdiction
Business
once a year, at least one safety inspection per month, and other routine or special supervision
Segments
inspections.
Combined with recent safety accident cases, special training and "looking back" studies were
Safety Warning conducted for high-riskoperations such as hazardous work and equipment operation. Warnings
Training and rectificationswere prompted by cases to strengthen risk identificationand standardized
operation ;
This year, the Company identified a total of
issues through its inspections Achieving a 100 %
rectification rate for all
identified hazards Safety Culture
Construction
Through themed short video collections, safety knowledge contests, and safety speech
competitions, grassroots employees were guided to actively participate in safety governance,
propellinga culturalparadigm shiftfrom "Passive Compliance" to "Proactive Ownership" .
Sustainability Report
Safety Education and Training
The Company continuously conducts safety trainingcentered on key risks,publicizingknowledge on identifiedsafety issues to
improve awareness .This year,the Company carriedout the following safetytrainingactivities
:
Centered on safety management and technical
operations, enterprises across all levels 5,334 training sessions 184,296 participants
continued to enhance safety capabilities and
awareness.
The Company continues to focus on the
certification of main principals and the 96 principals obtained 22 employees participated
professional capability of key management CNBM safety and in state
-owned enterprise
positions. environmental training safety production online
certificates training
Three internal and external lecturers are
arranged to provide special safety and
environmental training for the chemical and 115 participants
hazardous chemical sectors across all levels.
Through online platforms, the Company
organized safety qualification certification 142 principals Group- 597 safety managers
and re-training for 46 main principals and wide obtained obtained qualifications
safety managers. qualifications
In 2025, enterprises across all levels of the Company carried out colorful and diverse "Safety Production Month" activities
centered on the theme of "Total Safety Awareness, Individual Emergency Competency
—Identifying safety hazards around
everyone" Conducted safety education and training for new employees covering basic safety knowledge, firesafety, electricalsafety,
machinery safety,and emergency response knowledge, followed by a three-levelsafetyeducation assessment .
Case Study : Strengthening Safety Capability Building for Chemicals and Hazardous Chemicals
In March 2025 , BNBM organized special safety and
environmental trainingfor chemicals and hazardous chemicals
across alllevels. Focusing on high-risk fields,the trainingused
regulation interpretation,typical accident case analysis, and
explanations of actual company scenarios to systematically
strengthen personnel's mastery of safety responsibility
implementation, determination of major accident hazards,
environmental compliance, and emergency response . External
authoritativeexperts and internalsafety management heads are
invited as lecturersin the training. Closely combined with the
characteristicsof gypsum board, waterproofing, and coatings,
the training focused on risk identificationand full -process
control, effectivelyenhancing the compliance awareness and
In 2025, enterprises across all levels conducted a cumulative 935 emergency drills with 20,613 participants, effectively
professional capability of relevant personnel and providing Chemical and Hazardous Chemical Safety and
improving employees' safety awareness and emergency capabilities
strong support for the Company's intrinsicsafetylevel. Environmental Training across All Levels
Sustainability Report
Compensation and Performance
Safeguarding Employee Rights
The Company formulated measures such as the Measures for the Administration of Headquarter Job Levels and Compensation ,
the Measures for the Administration of Headquarter Performance, and the Measures for the Administration of Headquarter
BNBM upholds a "people -oriented" development philosophy, committing to creating a diverse,equal, inclusive,and harmonious Employee Performance Benefits and Business Expenses (Trial)
. Itestablished a compensation management mechanism linked to
working environment . Guided by the Policy Statement on Human Right,the Company focuses on and identifiespotentialhuman the job level system and integrated compensation distributionwith performance appraisal,providing clear and standardized
rightsrisks. By establishingaccessible grievance and feedback channels, we drive rectificationand continuous improvement to grounds for employee compensation and performance management .
ensure measures are implemented effectively . We constantly refinehuman rightspractices to create a workplace that respects
human rights,solidifyinga firm talentfoundation for high-qualityand sustainable development . The Company implements a group -wide annual quantitativeperformance appraisal mechanism, signing Annual Organizational
Performance Target ResponsibilityLetterswith managers of allenterprisesand Personal Performance ResponsibilityLetterswith
The Company strictlycomplies with the Labor Law of the People's Republic of China and the Labor Contract Law of the People's allheadquarter employees to clarifyannual goals and work orientations. Employee compensation consistsof position salaryand
Republic of China . Combined with its business layout and operations, it built a standardized management system covering annual performance bonuses, implementing broadband compensation management . Evaluation forms such as target settingand
recruitment, labor management, career development, and rightsprotection to ensure employees are treated fairly,justly,and appraisal,multi-dimensional employee performance assessment, team/department performance evaluation,and directdialogue
compliantly in employment, compensation, promotion, and career growth .The Company explicitly prohibitsany form of forced or are carried out periodicallyor irregularlythroughout the year. Reasonable performance resultsare given to allemployees and
compulsory labor and child labor, resolutely opposes discrimination,and respects and supports employees' legal rights to directlyreflectedin compensation adjustments .
freedom of association and collectivebargaining,fosteringan environment of justice,respect,and inclusion.
The variableportion of senior management compensation linked to performance accounts for approximately 60 % , 40 % –50 % for
middle management, and 25 % –40 % for employees . Employee performance bonuses are determined based on factors such as
Implementing Rights Protection company performance, organizationalperformance, and individualperformance results,floatingwithin corresponding ranges .
Recruitment and Termination Senior management Middle management Employees
BNBM consistentlyadheres to the principlesof fairemployment and compliant labor. We strictlycomply with national laws,
regulations,and policiesrelated to labor employment, continuously optimizing and implementing internalsystems such as the
Headquarters Recruitment Management System, Employee Handbook , and the Measures for the Administration of New Talents
(Trial)
. This systematically standardizes key links such as recruitment, hiring,and dismissal,building a fair,transparent, and
controllablelabor management system .The Company uses scientific and systematic methods and tools for talentselectionduring With the core principlesof safeguarding legal labor remuneration and decent livingneeds, the Company builta compliant, fair,
recruitment,standardizing full-process management to ensure labor practicesare compliant and documented according to law . and orderly compensation management system . Within the compensation framework based on position value and performance
contribution,itprovides complete welfare arrangements and systematicallystandardizes processes for compensation calculation,
In recruitment management, the Company persists in the principles of fairness,openness, competition, and integrity . All
distribution,and adjustment . This prevents labor risks such as wage arrears and deductions from an institutionallevel. By
applicants are treated equally, and recruitment conditions are set strictlybased on job requirements, without differentiation
conducting regular market salary surveys and optimizing the compensation framework, the Company ensures compensation
based on gender, age, ethnicity,religion,or other factorsirrelevantto the job. The Company explicitly standardizes management
levels match its strategic positioning and maintain market competitiveness . Under the guarantee of the aforementioned
requirements for job postings, resume screening, and interview evaluations to prevent any behavior affectingfairemployment
mechanisms, the average compensation of employees remained stable.Compensation standards for allstaffwere higher than the
and effectivelysafeguard workers' equal employment rights. No incidents related to employment discrimination occurred during
statutory minimum wage requirements in various locations,and salarieswere paid in fulland on time . Through annual salary
the reporting period.For labor disputes,the Company coordinates and handles them according to the procedures of consultation
adjustments, performance incentives,and supporting measures such as socialinsurance, housing funds, and diverse benefits,the
(reconciliation),mediation, arbitration,and litigation . For cases where the Company proposes termination upon contract
Company continuously improves the competitiveness of employee income and the levelof livingsecurity,effectivelyprotecting
expiration or proposes negotiated termination, a 30 -day notice period isstrictlyprovided in accordance with the Labor Contract
employees' legalrightsto receive reasonable remuneration and support a basic life
.
Law of the People's Republic of China ,and economic compensation ispaid to the worker .
In 2025 , BNBM continued to promote the construction of medium/long -term incentive mechanisms, integrating employee
Regarding the prohibition of child labor and the avoidance of forced labor,the Company strictly complies with the Labor Law of
incentives with the Company's operating performance and long-term development goals. This year, the Company implemented
the People's Republic of China , the Law of the People's Republic of China on the Protection of Minors , and the Provisions on the
equity incentivesfor directors,senior management, and core backbones at alllevels,furtherexerting the long-term role of equity
Prohibition of Using Child Labor , explicitlyprohibiting any form of child labor and forced labor. The Company strictlyconducts
incentivesin uniting core teams and stabilizingkey talent. Meanwhile, by linkingoperating resultswith employee incentives,the
age and identityverificationduring employee onboarding, retaining materials such as ID cards and household registers. Age
Company promoted an incentive mechanism of shared interestsand risks between the Company and employees, enhancing
information is simultaneously entered and verifiedin the human resource management system . Regular information screenings
organizationalvitalityand development resilience .
are conducted, and records are kept ensuring employment information is authentic, complete, and traceable. Meanwhile, the
Company signs labor contracts with employees according to the principlesof equality and voluntariness. During this reporting
period, no incidentsof childlabor or forced labor occurred . Fair and Transparent Promotions
This year, the Company further refined the management measures for the internaljob levelsystem, clarifyingand detailingthe
conditions for promotion, demotion, and exit for personnel at each level to continuously improve the standardization and
transparency of job level management . The Company has established five promotion channels : Management, Function,
Technology, Marketing, and Production . Itsupports mutual transformation between channels, opens internaltransferpaths, and
fairness openness competition integrity publicly releases job vacancies across all levels,adopting a competitive recruitment system where eligibleemployees can
participatein accordance with prescribed procedures .This ensures that alltypes of employees have clearcareer promotion paths
matching theirabilitiesand development directions.
Sustainability Report
Case Study : "Walking Hand in Hand" — BNBM Headquarters Labor Union Organizes "Female Power Practicing Original
Promoting Diversity Aspirations, Green Craftsmanship Showing Responsibility" Activity
and Equality
In 2025 , the Company's Headquarters Labor
BNBM attaches great importance to the positive role of Union held a Women's Day activity
. Using
diversity and inclusion in talent development and intangibleculturalheritage rope art as a bond,
organizational governance . Adhering to a diversifiedtalent the event promoted cultural exchange and
As at the end of the reporting period
recruitment strategy, the Company actively carries out emotional connection between central
localized and diversifiedrecruitment activitiesbased on its enterprises. During the event, Guan Dehui ,
global layout and overseas business development .Itrespects
local cultures and regulations, formulates recruitment
Secretary of the Party Committee, Chairman,
and General Manager of BNBM, took group
strategies tailored to local conditions, and broadens local photos with female employees and extended
channels to achieve synergy between talentintroduction and holiday greetings and best wishes . The Deputy
regional economic development . Principles such as fair Secretary of the Party Committee, Director,and
employment, anti-discrimination, and equal development
opportunities have been incorporated into the human
Chairman of the Labor Union attended the
event, encouraging female employees to
resource management system and employee code of ground themselves in theirpositions,shoulder
conduct . By regularly monitoring the gender pay gap, the missions, and demonstrate female
Company ensures the fairnessof the compensation system, responsibility in the Company's green BNBM Headquarters Labor Union Women's Day Activity
achieves equal pay for equal work between men and women, a year-on -year increase of transformation and high-qualitydevelopment .
and implements these principles integrally across
recruitment, promotion, compensation, and
management . Through new employee training,management
daily 48 people
training,and regular publicity,the Company continuously
strengthens the recognition and execution of diversity, Case Study : "Blooming for Passion" — BNBM Carpoly Creates a Female -Friendly Workplace Environment
equity, and inclusion (DEI) concepts, driving the
implementation of relevant requirements across alllevelsto
steadily foster a healthy and inclusive workplace The BNBM Carpoly Labor Union, in collaboration
environment . with the labor unions of its subsidiaries,
organized a series of activitiesto celebrate
International Women's Day under the theme
"Blooming for Passion · Moving Towards
The Company is committed to safeguarding the rights and well-being of female employees . The Company regularlyorganizes
Beauty" . The activities included a
group building activitiesfor female employees, holds seminars, invitesfemale employees to share theiropinions and suggestions,
commendation meeting for March 8th Red Flag
and builds an open and inclusivecommunication environment .To care for the physical and mental health of female employees in
Bearers and a female representatives'
an all-around way, the Company purchased additional insurance types including Special Disease Insurance and Maternity
symposium, a "Spring Outing" group activity,
Insurance. It also established independent and private nursing rooms in work areas, equipped with refrigerators,sterilizers,
movie ticket distribution, and a "Blooming
comfortable seating,and power outletsto provide a safe and convenient care space for mothers .
Moment" photography display. These efforts
Centering on care for female employees and the construction of a diverse and equal culture,the Headquarters Labor Union and support the development of female employees
subsidiariescoordinated various culturalexperiences and themed care activitiesduring important dates such as International through honorary incentives and
BNBM Carpoly "Blooming for Passion"
Women's Day and Mother's Day . Through intangible culturalheritage experiences, artisticcreation, and emotional expression, physical/mental care, creating a workplace
Women's Day Activity
employees were guided to release pressure and enhance happiness while inheritingexcellentChinese culture and strengthening atmosphere of respect,equality,and inclusion.
emotional connections, fosteringa workplace atmosphere that respects women, cares for families,and embraces diversity
.
Sustainability Report
Smoothing Communication Channels Supporting Employee Development
BNBM is committed to creating an efficient,smooth, and open communication platform for employees . By improving the
institutionalsystem, smoothing communication channels, and establishing advanced role models, the Company effectively The Company considers promoting the comprehensive
safeguards employees' legal rights and enhances their sense of belonging and cohesion . The Company's Empl oyee Handbook development of employees as itsresponsibility, with talent During the reporting period
clearlydefines the core principlesof every employee's rightto know, participate,express, and supervise. The Company actively appreciation as its core philosophy, creating a diversified
promotes a culture of sincere and transparent communication, encouraging candid and friendlyexchanges among employees and training system and career development paths . In 2025 ,
between different levels of the organization, fostering a harmonious and collaborative work environment . Effective
communication facilitates information flow and work progress.
BNBM activelyfulfilled itssocialresponsibilityby responding
to the national callto stabilizeand expand employment . It
focused on the employment of key groups such as college
The Company established a diversifiedemployee communication and feedback mechanism .Employees can provide feedback and
suggestions via EnterpriseWeChat, telephone, and email.Simultaneously, the General Manager's Mailbox and the lettersand visits graduates, achieving synergy between business expansion
and talentstrategy.
joined BNBM through the "New
Material Students" program.
department fullyexert their coordinating and stabilizingroles. The Company attaches great importance to harmonious labor
relations.When disputes occur, priorityisgiven to resolvingissues through friendlyconsultation.Focusing on employee concerns,
the Company receives visitsfrom active and retiredemployees with earnestness and warmth, patientlyproviding guidance and
interpretingpoliciesto ensure issues are timely conveyed to relevant departments . Through online channels such as WeChat
groups and telephone, the Company answered questions for employees over 400 times throughout the year, effectivelyresolving Strengthening Talent Attraction
conflictsand enhancing employees' sense of gain and belonging .
The Company persistsin and improves the democratic management system with the Employee Representative Congress as the To build a closed-loop cultivationmechanism covering talent selection,deployment, cultivation,and retention,the Company
basic form . Ithas established and refined the performance mechanism for employee directorsand representatives,achieving a utilizesscientificand systematic talent selection tools and standardized interview processes during the recruitment stage to
every year to review the BNBM Work Report , report on production and operation to employee representatives,and widely collect differentiatedtrainingplans based on individualprofessional backgrounds and development potential. A "Trinity"mentorship
opinions and suggestions on the working environment, health and safety,and compensation to effectivelysafeguard employees' system consisting of professional mentors, career development counselors, and business module teaching assistants was
legalrights. established to provide multi-dimensional support . The cultivationof New Material Students adheres to a "frontlinegrowth"
orientation. Through a systematic job rotation mechanism, we enhance their understanding of comprehensive business and
The Company attaches great importance to the selection of model workers and the promotion of advanced role models . 3 problem -solving abilities
. Supporting this is a dynamic evaluation and adjustment mechanism to continuously optimize
employees were successfullyawarded the titleof CNBM Model Worker . The Company carefullyorganized a CNBM Model Worker cultivationpaths and promote the stable growth and effectiveretention of young talent.
lecture tour, arranging for one model worker to speak on -site,which received widespread praise. Simultaneously, the Company
activelybuiltan exchange platform for model workers, organizing a symposium for model workers, craftsmen, and outstanding During the reporting period, aligned with the needs of global layout and overseas business development, BNBM continued to
young representatives. Using an "offline+ online" combined format, the event attracted over 400 participants,creating a positive optimize localized talent attraction and labor management arrangements . While fullyrespecting the cultural backgrounds,
corporate cultureof respecting labor and strivingfor excellence. workplace customs, and labor laws and regulations of operating locations,and considering local talent market supply and
demand, the Company formulated tailored recruitment strategies. It actively broadened local employment channels to
To accurately grasp employee needs, the Company conducted the BNBM SpiritualCivilizationActivityDemand Questionnaire , synchronize talentintroduction with regional development, promoting employment and economic growth in operating locations.
collecting142 validresponses from headquarters labor union members, providing data support for optimizing employee services. Specificmeasures include:
Meanwhile, the Company continues to conduct satisfactionsurveys covering all employees, collecting feedback through
questionnaires and interviews. As of the end of 2025 , the Company has conducted satisfactionsurveys and evaluations for 8
consecutive years, systematically collecting opinions and suggestions on compensation and benefits, career development,
working environment, and communication mechanisms . Based on these, itcontinues to optimize relevant systems and measures Building Localized Employment Bridging Platforms
to enhance employee care and management efficiency .During the reporting period, the satisfactionof allemployees increased by
Tanzania, providing diverse employment opportunities for localyouth to support localemployment and socialsustainability
.
Deepening School -Enterprise Exchange and Young Talent Cultivation
In 2025 , the Company held the "Good Use of Culture Journey" event, invitingstudents from the Dar es Salaam Instituteof
Technology to visitBNBM Tanzania for tours and seminars, providing internships and employment opportunities for local
students while showcasing the achievements of "Beltand Road" projects.
Expanding the Driving Effect of Localized Employment
Through the coordination of localizedrecruitment and business operations, the Company provided 1,000 directand indirect
job opportunities for local communities in Tanzania, effectivelyimproving local employment and promoting the economic
and socialdevelopment of operating locations.
Sustainability Report
Strengthening Talent Cultivation Case Study : Conducting Leadership Training for Young and Middle -aged Cadres to Support Talent Echelon Construction
In 2025 , the Company organized the 5th trainingclass for
In 2025 , BNBM further optimized itsemployee training management system centered on "strategy orientation,fullcoverage,
young and middle -aged cadres. Centering on national
hierarchicalclassification,
and continuous development" . The Company established a three-tiertrainingmanagement structure
macro development trends and company strategic
coordinated by the Human Resources Department, implemented collaborativelyby business units,and supported by professional
priorities, the course content was systematically
institutionsand internal lecturers. By forming a combined online and offlinetraining model, it promoted the systematic,
designed . Experts from universitiesand industry mentors
standardized, and regular operation of training work . This management structure clarifiesresponsibilitiesat each level,
were introduced to provide precise lecturesbased on the
strengthens the integration of training resources and effect evaluation, and promotes a deep connection between training
trainees' capability levels. During the training,through
management and company strategicgoals,business development needs, and employee growth paths .
diverse activitiessuch as action learning reports, the
The trainingcourse system continues to improve, gradually forming a three-dimensional matrix centered on "Three Levels and Six "EnterpriseSuper" sports meet, and "Harmony" concerts,
Categories". In the leveldimension, itcovers three major stages:orientationtrainingfor new employees, capabilityenhancement the concept of synergistic integration was integrated
trainingfor core employees, and leadership development trainingfor management . In the content dimension, six major course throughout, promoting cross-segment exchange and
modules are systematically set up : Culture and Values, Job Skills,Management Enhancement, Innovation and Digitalization, collaboration. It also drove the transformation of action
Health, Safety and Environment (HSE), and Professionalism and Compliance .These meet the diverse learning needs of employees learning results into actual work, organizing trainees to
across differentjob sequences and development stages. centrallydisplay practice resultsand development ideas, The 5th Training Class for Young and Middle
-aged Officials
promoting the enhancement of leadership levels.
As of 2025
BNBM Training Course System
Specialized
Focusing on the professionalknowledge and skillsrequired for job performance to continuously improve job
competency . During the reporting period, BNBM organized 12 sessions of digitalizationspecialtrainingwith
Training over 5,000 participants,strongly supporting the implementation of the Company's digitalstrategy. Through were trained through the young and middle - achieved job promotions, accounting for approximately
continuous skillreshaping and job empowerment, the Company effectivelyresponded to structuralimpacts aged cadre trainingclasses 24 % , effectivelyexerting the supporting role of young and
brought by industrialtransformation and climate change . Dragon Brand Company implemented "learning middle -aged official cultivation in talent echelon
through testing"special trainingfor sales personnel, with over 2,500 participants,effectivelyenhancing the construction
professionalcapabilityand practicallevelof frontlinebusiness personnel .
General Focusing on improving general knowledge and skillsamong employees to strengthen professionalism and
Training comprehensive capabilities . During the reporting period, the Company organized a series of training
sessions on topics such as structuralthinking tools and applications,and work efficiencyenhancement and
efficientexecution, with over 800 participants,supporting the improvement of employees' comprehensive
capabilitiesand work efficiency.
Medium/long -term non -degree trainingfor specificgroups . This year, the Company continued to organize
Professional
orientationtrainingfor New Material Students to help them adapt to the company environment, familiarize
Training
themselves with work processes, and integrateinto the corporate cultureas quickly as possible.
Systematically promoting multi-level and immersive corporate culture training, integrating corporate
Cultural culture into the entire process of employee cultivation
. Focusing on the cultivationof new employees and
Training New Material Students, the Company helps employees understand itsmission, vision,and values through
the "firstlesson" on onboarding, lecturesby company leaders,culturaland business tours,as well as quality
expansion and experience sharing. Simultaneously, combined with annual culturalactivities, excellence
selections,and themed practicalactivities, employees are guided to practice corporate culture through
actual participation.
Centering on employee capabilityenhancement and talentechelon construction,the Company continues to
School - promote cooperation and exchange with universities and has established contacts with multiple
Enterprise
institutions. In 2025 , itcollaborated with the Universityof InternationalBusiness and Economics to conduct
Exchange
programs at partner universities,and supported multi-level professional capability enhancement for
employees .
Sustainability Report
The Company respects employees' rights to rest and leave, constructing a scientificand reasonable work -hour management
Focusing on Employee Care system . Ithas established a monitoring mechanism for work hours and overtime to avoid excessivelylong overtime and provides
employees with time offin lieuor overtime pay, aiming for a virtuous cycle of "efficient
work and healthy life"
.
BNBM consistently places employee well-being at the core of its sustainable development strategy, effectivelyenhancing The Company is committed to providing employees with diverse and high-quality securitymeasures . Itprovides allemployees
employees' sense of belonging, happiness, and career qualitythrough a sound care system and diverse measures . Practicingthe with pension insurance, medical insurance, work -related injuryinsurance, maternity insurance, unemployment insurance, and
mission of "green technology, quality life",the Company insistson building the featured brand of "One Activityper Month", housing funds . Beyond this,by establishingan enterprise annuity plan, itcontinuously improves the levelof welfare securityfor
constructing a diverse service system covering festivalcare, cultural inheritance, public welfare practice, and cross-border employees afterretirement, mobilizes labor enthusiasm, and builds a long-term talent incentive mechanism . The Company also
exchange . Throughout the year, the Company successfullyorganized a series of activitiessuch as New Year greetings,Lantern organizes annual employee welfare physical examinations to help employees fullyunderstand their physical condition and
Festival riddle meetings, "Luminous Home" series wall painting public welfare, and Mother's Day heart-warming activities, strengthen disease prevention and health management . In terms of daily lifesecurity,the Company provides employees with
effectivelyconsolidating employee consensus, enhancing team synergy, and enriching employees' spiritualand culturallife
. welfare measures including free shuttle buses, free meals, holiday gifts,and extreme weather leave, enhancing their sense of
belonging .
On the basis of implementing statutoryleave rights,the Company expands welfare leave based on actual needs .Ithas established
leave systems such as paid annual leave, sick leave, marriage leave, maternity leave, personal leave, and childcare leave. The
Company strictlyfollows the Labor Law of the People's Republic of China, the Special Rules on the Labor Protection of Female
Employees , and supporting policiesin employee locations. It legallyimplements paid maternity-related leave arrangements .
Female employees are entitledto no lessthan 98 days of paid maternity leave by law, and male employees are entitledto no less
than 15 days of paid paternityleave. Specificdays are implemented according to localregulationsin employee locations,and the
relevant leave policiesapply to allemployees . The Company also provides breastfeeding employees with a totalof 1 hour of paid
breastfeeding per day and supports flexiblescheduling based on actual needs untilthe infant is 1 year old. Simultaneously, a
childcare support policy isprovided to allregular employees, who can apply for paid childcare leave before theirchild reaches the
age of 3,helping employees better balance work and family responsibilities
.
The Company activelyresponds to the national Healthy China strategy,proactively implementing health callssuch as "Weight The Company continues to deepen special assistance for employees in difficultyand those with serious illnesses,establishinga
Management Year". Itcontinuously optimizes the working and livingenvironment for employees, investing over CNY 200 ,000 in dynamic care ledger and providing diverse security through material support, precise policy matching, and regular emotional
special funds to build culturaland sports venues including gyms and outdoor multi-functional ball courts. During the reporting return visits
.
period, the Company organized 400 sessions of themed fitnessclasses such as the BNBM "Trend Dance" Club, Yoga Club, and
Swimming Club, attracting12 ,000 employee participationsand effectivelypromoting physical and mental health.Simultaneously,
targeting employees in key frontlineproduction positions, all-level labor unions coordinated the "Summer Cooling" special During the reporting period
condolence activity, covering 5,000 employees throughout the year to effectivelysafeguard labor safety and health rightsduring
high-temperature seasons . In terms of mental health care, the Company organized mental health counseling activities with 200
employee participations,furtherfocusing on and supporting employees’ physical and mental health. 300 employees 9,700 person -times
Cumulatively extended condolences to employees in Conducted care initiativesaround key lifeevents such as
difficult
circumstances and those with major illnesses employee illness,
childbirth,and marriage
Coordinate with assistance resources
Assisted12 employees CNY 260,000
with serious or major illnessesin successfullyapplying for Cumulatively secured assistance funds
support from the CNBM Shanjian Public Welfare Fund
Sustainability Report
Industry Co -
BNBM always takes building a responsible supply chain as a development goal. By continuously
improving the supply chain management
management
system and integrating ESG concepts into the fulllife
of suppliers,we are committed to building stable,efficient,
win sustainable development
-cycle
mutually beneficial,and win -
partnerships, creating an environment -friendly, high-quality, and
responsible sustainable supply chain.Meanwhile, we pay close attention to the impact of our operations
on surrounding areas, committing to enhancing communication and interaction with neighboring
construction communities through diverse ways . We actively participate in public welfare and community
construction such as education, culture,and sports, activelygiving back to society and demonstrating
corporate responsibility.
Sustainability Report
Promoting Win -Win Cooperation
BNBM adheres to the principlesof "honest cooperation, equality and mutual benefit,and common development", continuously
strengthening itsresponsible corporate image and promoting the establishment of mutually trustful,mutually beneficial,long-
term, and stable cooperative relationshipswith business partners. The Company focuses on supply chain risk management, Cooperation Stage
strengthening capabilitybuilding for riskmanagement and identification. Through fulllife
-cycle management covering supplier
entry,cooperation, auditing,and exit,itenhances cooperation efficiencyand stability.Simultaneously, the Company continues to
strengthen the capability building and awareness publicity of partners in sustainable development, promoting win -win
Contracts containing ESG -related clauses are signed with Suppliers sign the IntegrityCommitment Letter and the
cooperation and drivingthe sustainable and healthy development of the supply chain.
all cooperative suppliers, including the Safety and Cooperation Agreement on Confidentialityand Prevention
Environmental Protection Agreement and the Agreement of Corrupt Practices, achieving 100 % coverage of integrity
on Prevention of Bribery and BlacklistManagement . Core notification letters to suppliers, clarifying integrity
Building a Sustainable Supply Chain clauses explicitly
cover environmental compliance, energy
saving and low carbon, employee rights protection, anti-
standards and behavioral norms for both parties. The
Company also established and smoothed corruption
reporting mechanisms, and suppliers with corruption
corruption,prohibitionof child labor and forced labor,and issues are included in blacklistmanagement and subjected
The Company continues to improve itssustainable supply chain management system, fullyexertingsupply chain synergy to create information confidentiality
; to corresponding punitive measures according to law and
high-quality products and services with suppliers. This year, the Company strictlyfollowed core systems covering allsuppliers, regulations. Simultaneously, integrityeducation is carried
out for suppliers to strengthen awareness of honesty and
such as the Procurement Management System, Supplier Management Measures, and the Measures for the Administration of compliance . Supplier contract fulfilment is periodically
Supplier Blacklists
, building a fulllife
-cycle supplier management mechanism covering entry,cooperation, evaluation, and exit. reviewed to ensure all suppliers comply with relevant
The Company integrated ESG concepts into the supplier management process, requiring all suppliers to strictlyabide by regulationsand maintain business secrets and compliance
order. During the reporting period, no corruption-related
commitments in employee rights,environmental protection,and riskmanagement . Itestablished a dynamic supplier evaluation
violationsoccurred in the Company .
mechanism, with the Strategy and ESG Committee incorporating sustainable supply chain construction into unified supervision
and management within the ESG scope to achieve win -win cooperation and sustainable development .
Supplier lifecyclemanagement
Audit Stage
Entry Stage
BNBM implements a normalized performance evaluation Based on the results of performance evaluations and
According to the Supplier Management Measures , the Company evaluates suppliers' management in compliance and risk prevention and control mechanism for all screenings,the Company dynamically revisesthe directory
qualifications,environmental management, occupational health and safety,and product quality through document review, suppliers. Performance evaluations are conducted for all of qualified suppliers to achieve continuous classified
on -site audits, remote videos, and product trials . Combined with country, industry, and procurement commodity suppliersat leastonce a year to comprehensively evaluate management of suppliers. For suppliers identified with
characteristics,it focuses on verifyingwhether suppliers have legallyobtained quality,safety, environmental, and other their fulfilment performance and ESG -related high sustainabilityrisks,such as high energy consumption,
performance . Simultaneously, for suppliers in high-risk potential occupational health and safety issues, or
production/operation qualificationsrequired by the state and the Company, and whether they have established and
industries such as chemicals and manufacturing, special integritycompliance risks,the Company willurge them to
effectivelyoperated corresponding quality,environmental, and safety management systems to ensure suppliers comply with
riskscreenings are conducted quarterly. formulate rectification and enhancement plans and
the Company's suppliermanagement system and the Supplier Code of Conduct .
continuously track the implementation of rectifications
and improvement results.
In the environmental aspect, the In the social aspect, the Company pays In the governance aspect, the
Company focuses on verifying attention to the protection of supplier Company focuses on verifying
whether they have legally obtained employee rights, strictly reviewing whether suppliers have records of
environmental impact assessment whether theirlabour management violations in the past three years,
procedures and discharge permits, systems are sound, whether there is whether they have signed integrity
passed quality, environmental, and childlabour or forcedlabour, whether contracts and confidentiality
safety management system social insurance is legally paid for agreements, and pays attention to Exit Stage
certifications, and evaluates whether employees, and whether special their commercial reputation to
their production processes meet low
- operation personnel are certified. It ensure no dishonest behaviour exists.
carbon development requirements, also comprehensively evaluates their This strengthens supply chain
checking for high energy practices in diversified employment integrity and compliance
For suppliers that stillfailto meet the Company's minimum requirements after rectification, such as failingenvironmental
consumption or backward and the protection of vulnerable management, maintaining long -term
production equipment to prevent groups' rights; stability and sustainability of rectifications or having labor rights violations,the Company will terminate cooperation with them . For suppliers that commit
environmental compliance and cooperative relationships. illegalacts or violations,the Company will,in accordance with the Measures for the Administration of Supplier Blacklists
, prohibit
operational risks from the source; them from participatingin procurement activities of the Company and itssubordinate enterprisesat alllevelsfor a certainperiod
or permanently, depending on the nature of the violationand the impact on the Company .For supplierswith particularlyegregious
behaviour ,the Company willcancel theircooperation eligibility and include them on the supplier"Blacklist"
.
Strictlysupervise and audit the procurement process to prevent suppliers from engaging in bribery,fraud,unfaircompetition,
or other violations. For cases violatingthe Supplier Code of Conduct, a "one -vote veto" mechanism isimplemented, and their
eligibilityfor entry and cooperation is cancelled. For those violatingsupplier entry rules and causing losses to state-owned
assets or serious adverse consequences, accountabilitywillbe pursued according to regulations,discipline,and law .
Sustainability Report
ClassifiedManagement of Suppliers Collaborative Development with Suppliers
In accordance with the Supplier Management Measures and the Measures for the Administration of Supplier Blacklists
, the
Company implements continuous control over environmental, social, and business ethics risks of suppliers during the BNBM actively implements green procurement strategies, In 2025
cooperation period.Through differentiatedand dynamic management measures, itpreciselyallocatessupply chain resources and taking low -carbon environmental protection, use of clean
improves supply chain stability
and resilience
. energy, and low environmental damage as important bases
for procurement decisions. In the process of supplier
The Company focuses on identifyingbusiness-related riskssuch as quality,delivery,price,and service,as well as ESG riskslike
environmental protection,safety production, and integritycompliance . This is mainly carried out through continuous review of
selection and cooperation, the Company conducts supplier
due diligence to systematicallyverifyand evaluate suppliers'
supplier qualificationdocuments and annual comprehensive performance scoring. On the basis of the dynamic supplier environmental compliance, resource and energy use
The Company conducted training and capability
classificationmanagement mechanism, for Grade D high-risk suppliers identifiedwith major violationsor serious breaches of structure, pollutant emission control measures, and the
enhancement activities with suppliers to promote
contract, the Company will legally cancel their cooperation eligibility and include them in supplier blacklistmanagement implementation of relevant management systems . Combined
with the verificationresults,itcomprehensively judges their collaborative development.
according to regulations,effectively
controllingsupply chain risksthrough strictexitand punitive mechanisms .
environmental risk level. Under equal conditions, the
Company will prioritizeenvironment -friendlysuppliers and
urge suppliers to incorporate green development concepts
Supplier Importance Classification Management Mechanism into production processes, advocating the use of green
packaging to reduce waste generation and jointlyprotecting Case Study : BNBM Carpoly Deepens Technical Synergy to
the ecologicalenvironment . Jointly Promote Product Quality Improvement
To strengthen supply chain ESG management requirements,
on the basis of supplier due diligence and cooperation
BNBM Carpoly organized a technicalexchange meeting
management, the Company signs safety and environmental
Divided by level for suppliers around key products such as elastic
agreements with suppliers,requiring both parties to jointly
comply with national laws, regulations, and internal ESG emulsions . The Company's technical department and
management provisions. It clarifiesthat suppliers have the supplier engineers conducted a special discussion on
Level 1 Centralized Suppliers: Level 2 Centralized Suppliers: Other Suppliers:
obligation to carry out production and operation activities performance testing of anti-alkaliprimer emulsions .
Managed centrally by CNBM, Managed by the Company's Primarily serve requirements for according to requirements for energy saving, water saving, Both parties systematically sorted testing methods,
primarily responsible for supply chain center general materials and sporadic environmental protection, circulation, low carbon, and benchmarked against industry standards and model
regeneration. Through various measures, resource and solutions,clarifiedproduct performance optimization
centralized procurement of services outside the scope of
energy consumption are strictlycontrolled and pollutant directions, and planned to continuously improve
general materials for the Group Level 1 and Level 2 centralized emissions reduced, effectivelylowering potential negative discovered problems through joint on -site
procurement impacts of production and operation on the ecological experiments . By deepening technical synergy with
environment and human health to jointlycreate a green and
suppliers, BNBM Carpoly drives the mutual
sustainable supply chain ecosystem .
Divided by annual comprehensive evaluation results improvement of product quality and technical
This year, we committed to enhancing supply chain capability,solidifyingthe foundation for collaborative
competitiveness by actively carrying out strategic supply chain innovation and supporting sustainable
Grade A (≥85 points, Excellent): Grade B (75–85 points, Good): cooperation with suppliers and organizing various ESG corporate development .
Identified as strategic suppliers with -term
long cooperative Listed as conventional cooperative suppliers, supervised to exchange activities . Through supplier conferences, technical
exchange meetings, and industry seminars, we synchronize
relationships and prioritized procurement shares continuously optimize operating capabilities, with limited information with suppliers on industrialpolicy orientation,
procurement implemented market supply and demand, production and inventory status,
and product quality feedback . We conduct exchanges with
Grade C (60–75 points, qualified): Grade D (<60 points, Unqualified): suppliers on production equipment iteration, core
technological innovation, and production process
Act as emergency procurement suppliers, with rectification Supplier qualification cancelled, and exit procedures
improvement, conveying the Company's ESG philosophy to
requirements and clear completion deadlines proposed initiated. suppliers and encouraging them to prioritizeenvironment -
friendlyraw and auxiliarymaterials, promoting information
sharing and synergy to jointlydrive the sustainabilityof the
Implementation of Classified Dynamic Management Mechanism
industry.In addition,we activelypush suppliersto strengthen
foundational management, guiding them to establish
normalized safety production control mechanisms and carry
The Company conducts an annual review of supplier classification results, dynamically adjusting categories based on
out regular hazard screenings, job safety skilltraining,and
fulfillment performance and achievement of ESG indicators, continuously implementing the management principle of emergency drills . We strengthen integrityand self-discipline
education for suppliers and conduct knowledge learning and Technical department and supplier engineers conduct a
"supporting the excellent and eliminating the inferior".
exchange activities on laws, regulations, and social special discussion
environment to comprehensively improve supplier capability
and management level,continuously empowering suppliers.
Sustainability Report
Deepening International Business Layout Co -creating Social Value
BNBM continues to deepen itsinternationalbusiness layout and optimize the operation model of collaborativeinternational
development .Guided by the internationalmarket, itfullyutilizesthe advantages of connected internationaland domestic markets
and scientificallycoordinates the optimization of resource allocation. Taking gypsum board products as the core carrierand BNBM always takes social responsibilityas the bedrock for In 2025
technology as the core support, the Company promotes overseas industrialinvestment through the output of capital,technology, enterprise development, integrating social responsibility
and management ; taking the construction of overseas marketing networks, operation mechanisms, and organizationalstructures concepts into company strategyand dailyoperations.Relying
as the main line,itenhances internationalmarket expansion capabilitiesand improves internationalmarket share and brand
globalization capabilities; persisting in the combination of independent innovation with introduction and absorption -re-
on itsown business and resource advantages, the Company
activelyparticipatesin public welfare and carriesout various CNY 5.7908 million
innovation, the Company continues to tackle core technologies in the gypsum board field,enriching technical reserves and volunteer activities,
giving back to society with the resultsof
enterprise development through practicalactions. Through The Company's total donations and investment for activities
enhancing technical strength; we solidlyadvance the internationalstrategiclayout, cultivateinternationaltalent,accumulate
its own efforts and actions, the Company injects "BNBM such as rural revitalization and public welfare
internationalmanagement experience, and improve the Company's internationalizationlevel,making internationalbusiness a
new economic growth point for the Company's future. Power" into promoting social progress, increasing people's
well-being, and realizing"people's yearning for a better life"
.
Meanwhile, to deepen domestic and internationalculturalexchange and mutual learning and build a solid bond for the steady
development of overseas business, we continued to strengthen overseas brand building and innovated brand promotion models
this year. Simultaneously, we strengthened publicityreports,going deep into overseas production bases and reaching frontline
overseas employees to tap into and tellBNBM overseas stories,disseminate BNBM corporate culture, and foster a positive Assisting Rural Revitalization
overseas public opinion environment . We striveto shape a warm and responsible internationalimage, pushing the Company's
brand toward an internationalsocialbrand . BNBM closelyintegratesbusiness development with socialresponsibility, assistingruralrevitalization with practicalactions and
While activelyexpanding overseas business, BNBM continues to practice corporate social responsibility, deeply rooting itselfin injectingcontinuous momentum into ruraldevelopment . The Company always keeps "the top prioritiesof the nation" in mind,
localized development and establishing good cooperative relationships with stakeholders such as local governments, actively integrating into local development and carrying out enterprise-assisted rural development . It established poverty
communities, and socialorganizations. We activelyparticipatein public welfare activities
for localcommunity culture,education, alleviationand education support mechanisms such as "Sunshine Student Grants" and "Funds for Party Members and Masses in
and health.Through diverse measures such as two -way talentexchange, building professionaltrainingplatforms, and conducting Difficulty"to support public welfare activities
likeruralbookrooms . Taking enterprise-localityco -construction as a base point, it
systematic skilltraining,we create employment opportunities for localyouth, continuously improve the professionalqualityof the strengthens the fulfillmentof socialresponsibility,demonstrates central enterprise responsibility,and shapes a good corporate
local workforce, effectivelydrive the regional employment level,and jointlypromote local economic development and social image . During the reporting period, the Company deepened consumption -based poverty alleviation,purchasing a total of
progress. Through a mutually beneficialand win -win cooperation model, we achieve the common development of the enterprise approximately CNY 926 ,300 in featured rural revitalizationproducts to effectivelydrive rural industry development and help
and society. farmers increase income through consumption assistance.
Case Study : "Good Materials" Match "Good Houses", Serving Rural Revitalization through Industry
BNBM Tanzania continues to deepen itslocalizeddevelopment practice,supporting localemployment, talentcultivation,
and
community development through various forms and activelyfulfilling
corporate socialresponsibility
.
With industry as the foundation and service as the bridge, BNBM keeps itspromise that "good materials match the new
In 2025 countryside". Ituses green, high-quality building materials to participatein infrastructureconstruction and assisturban
renewal and further deliversproducts to millions of households through the "four transitions"service model . The BNBM
BNBM Tanzania provided as many as "Yuyan Workshop" service model shows villagersthe "good service"behind "good materials": itgathers all-brand home
decoration products for gypsum board, waterproofing, and coatings to provide a one -stop solution for decoration
problems from product selection and construction guidance to after-sales guarantee . Delivering benefit-to-the-people
"good houses" enter more ruralfamilies.
itletsthe vision of "good materials" building
In June 2025 , BNBM Tanzania participated in the 4th China -Tanzania Talent Exchange Conference organized by the
Chinese Embassy in Tanzania, providing employment opportunities to localyouth, activelyfulfilling
socialresponsibility,
committing to socialsustainability,
and helping the Tanzanian government solve youth employment issues.
In 2025 , BNBM Tanzania held the "Good Use of Culture Journey", invitingstudents from the Dar es Salaam Instituteof
Technology to visitand discuss at BNBM Tanzania, providing internships and employment opportunities,strengthening
communication with Gen Z youth, and showcasing the achievements of "Belt and Road" projects.
Since launching the Foreman's Association in 2022 , the activityin BNBM Tanzania has developed into an important brand
promotion and product application training platform covering all of Tanzania . While promoting product sales and
enhancing BNBM brand influence,ithas also trained a large number of industrialworkers with professional skillsfor the
local construction industry, generating significantsocial and commercial value. In 2025 , 24 Foreman's Association
meetings were held, with over 1,900 participants.
BNBM Tanzania follows three principlesfor internationalwork : "Contribute to the local economy, cooperate with local
enterprises,and get along friendlywith the local people" . Since its establishment in 2018 , it has donated building
materials many times to the Coast Region Immigration Department, the ElderlyAssociation,schools around the base, fire Yuyan Workshop Display House
departments, police stations,and disaster-affected areas to support localeducation and improve officeenvironments .
Sustainability Report
Case Study : BNBM and Changping Xinzhuang Sing "Unity" Music Festival
Participating in Public Welfare Activities
On the evening of September 27, 2025 , at the Xinzhuang Park ·Field East Market Forest Theater, BNBM and Xinzhuang
The road of public welfare never stops.BNBM upholds itsoriginalaspiration,participatingin public welfare with firmer conviction
Village,Xingshou Town, Changping District,Beijing, jointlycreated the 2025 "Village-Enterprise Together with One
and more practicalactions to fulfill social public welfare responsibilities,
demonstrate enterprise responsibility,and carry out
Heart ·Unity Building Dreams" music festival. This culturalfeast continued BNBM's originalruralrevitalization
aspiration
various public welfare activities
to promote socialharmony and progress.
for the "Harmony" concert from Diaowo Town in Zhuozhou to Xinzhuang Village.Through diverse programs, chic domestic
products, and bustling markets, it presented a warm dialogue and vivid practice of integrated village-enterprise
development in the new era. The event attracted over 300 participants,including Xinzhuang villagers,BNBM employees,
Case Study : BNBM Carries out "Benevolent Building" Colorful Classroom Public Welfare Teaching Support Action
and representatives from the Central Enterprise Service Department of Beijing Future Science City,receiving over 8,000
likes.
From August 4 to 8, 2025 , BNBM organized 5 young volunteers to Yangling Village,Jingyuan County, Ningxia, to carry out a
Additionally,on August 28 of the same year, at the "Unity" music festivalfor the 46 th anniversary of BNBM's founding,
week -long "Benevolent Building" ColorfulClassroom public welfare education support activity . The event opened with an
BNBM announced it would join hands with distributorsnationwide to comprehensively layout its civilconstruction
immersive "Retracing the Long March" interactivegame, integratingred education with green environmental development
business. This isa key measure for BNBM's transitionto consumer building materials and marks a solid step for BNBM to
concepts throughout the process, lettingthe children trulyfeelBNBM's centralenterpriseresponsibilityof "keeping the top
serve ruralrevitalizationwith industrialstrength and move toward "common prosperityfor villagesand enterprises".
prioritiesof the nation in mind and creating cornerstones of a great power" . BNBM practices social responsibilitywith
practicalactions,injectingnew vitalityinto ruraleducation .
"Unity" Music Festival Changping Xinzhuang Station "Benevolent Building" Colorful Classroom Public Welfare Education Support Action
Sustainability Report
Case Study : Deepening School -Enterprise Synergy, Cultivating New Talents of the Era Case Study : Practicing Social Responsibility and Empowering Rural Education Development
In June 2025 , the event "Walking into BNBM, School and BNBM Carpoly integratespublic welfare responsibilityinto itsenterprise development philosophy, continuously focusing
Enterprise Together in a 'Great Ideological and Political on rural education and youth growth, and activelysupporting educational equity and sustainable social development
Lesson'" was held at BNBM headquarters . Nearly 100 through practical actions. In 2025 , the Company focused on student groups in difficultyin rural areas, carrying out
teachers and students from the Changping District teaching support action in regions such as Yunnan, Sichuan, and Hunan . Itdistributededucation funds ranging from CNY
Education Commission, Changping District Teacher
Training School, Experimental Primary School of Beijing
providing strong support for students from underprivileged familiesto complete their studies with peace of mind and
Normal UniversityFuture Science City School, Changping
DistrictYandan School, and the Second High School expand theirgrowth space .
Attached to BeijingNormal UniversityFuture Science City
School participated in the activity . Through immersive
teaching links such as exhibition hall tours, on -site
courses, and themed salons, teachers and students
deepened their understanding of state-owned central
enterprises through interaction. This activity is an
important practice for BNBM to deeply cultivatethe field
of education public welfare. The Company uses green School and Enterprise Together in a "Great Ideological and
technology to provide schools with more practical Political Lesson"
opportunities and educational resources.
Case Study : BNBM Coating Business Lights up the World for "Children of the Stars"
In September 2025 , the CNBM ""Benevolent Building" BNBM Carpoly Rural Education Development Support Project
Colourful Classroom" Volunteer Service Team, the BNBM
Youth League Committee "Youth BNBM" Volunteer Service
General Team, and the "Painter" Studio under the
Tsinghua University Bauhinia Education Foundation
carried out the "Luminous Home ·Lighting up the Future"
wall painting public welfare activity at the Changyu
Chuntong Rehabilitation Center in Changping District,
Beijing. They used color and love to create an exclusive
fairy tale world for special children. By combining eco -
friendly coatings with professional design, volunteers
created a warm and friendly rehabilitationenvironment
for special children, conveying care and companionship
while continuing to practicecorporate socialresponsibility "Luminous Home · Lighting up the Future" Wall Painting
through practicalactions. Public Welfare Activity
Case Study : BNBM Waterproof "Recharges" Dreams of Schooling in Rural Areas
BNBM Waterproof (Sichuan) Co .,Ltd.carriedout a clothing
donation and science popularization campaign themed
"Waterproofing for Safety, Education for Dreams" . They
donated winter clothes to XiejiaMiddle School and Xiejia
Primary School in Pengshan District,Meishan City, and
invited teacher and student representatives to visitthe
BNBM Waterproof Sichuan base for exchange and learning,
promoting rural science education and safeguarding
children's healthy growth . The activitywas praised and
reported by local mainstream media such as the Meishan
Daily, fully demonstrating the central enterprise
responsibilityof BNBM Waterproof .
The 3rd Season of "BNBM Teaching Support
Action · Dreaming Toward the New Vigor" Charity Education
Event
Sustainability Report
Future Outlook
bridging toward the 15 th Five-Year Plan. Standing at a new historicalstartingpoint, BNBM
will keep the "top prioritiesof the nation" in mind, focus on "cornerstones of a great
power", and uphold the mission of "green technology, quality life" . Centering on the core
values of "innovation, performance, harmony, and responsibility",we will unswervingly
follow the path of high-quality development and demonstrate greater responsibilityin
serving national strategiesand advancing Chinese -stylemodernization .
In the new year, BNBM willpersistin leading development through innovation. Based on
the requirements of high-qualitydevelopment for the 15 th Five-Year Plan, we willcontinue
to strengthen strategic guidance, comprehensively advance technological innovation,
business expansion, functional empowerment, and international development . We will
accelerate breakthroughs in key core technologies and the transformation of scientific
achievements, cultivate and develop new productive forces, and drive the continuous
emergence of new products, new businesses, and new models to injectstrong momentum
into the Company's sustainable development .
In the new year, BNBM will continue to deepen synergisticintegration for development,
systematically promoting internal synergy within the "One Body" and deep integration
between "One Body" and "Two Wings" . We willstrengthen segment linkage and regional
synergy, promote the deep integrated development of the industrial,innovation, and
supply chains, and striveto enhance the overallefficiency,resilience,and security of the
industrialsystem, unswervingly pushing synergisticintegrationtoward greater depth and
practicalresults.
In the new year, BNBM willcomprehensively strengthen the leadership and building of the
Party, continuously promoting the deep integration of Party building with corporate
governance, reform/development, and production/operation, effectivelytransforming
Party building advantages into development advantages . The Company will anchor the
strategicdirection of "One Body, Two Wings and Global Layout", unswervingly promote
green manufacturing and green operations, and refine a green building industrialchain
covering the fulllifecycle. We willcreate high-quality products and systematic solutions
with higher standards to better meet the people's yearning for a better life,accelerate the
pace of creating a world -classflagshipenterprise,and make new and greater contributions
to the nation'shigh-qualitydevelopment .
Sustainability Report
ESG Key Performance Table 9
Environmental Data
Indicators Unit 2025 Indicators Unit 2025
Tons 1,339.81 Total Volume of Solid Waste
Total Nitrogen Oxide (NOx) Emissions Other Disposal Methods (Recycling
Absorption and Disposal by Disposal Tons 14,469,527.55
Method and utilization of solid gypsum)
Total Sulfur Dioxide (SO
Industrial Particulate Matter Emissions Tons 155.42 Total direct energy consumption11 MWh 9,200,981.83
Total industrial wastewater discharge Tons 2,998,047.84 Natural Gas Consumption MWh 1,039,128.24
Total Domestic Wastewater Discharge Tons 371,009.15 Coal Consumption MWh 6,314,062.20
Other Energy Consumption MWh 1,847,791.40
Total Discharge of Wastewater Chemical Oxygen Demand (COD) Tons 102.55
Pollutants Total indirect energy consumption12 MWh 1,555,970.16
Ammonia nitrogen Tons 2.66
Purchased Heat Consumption MWh 478,973.16
Total GHG emissions (Scope 1 & Scope 2) 10 Tons of CO 2 Equivalent 3,220,975.18
Electricity Consumption MWh 1,076,997.00
Indirect GHG emissions (Scope 1) Tons of CO 2 Equivalent 2,533,008.24
Purchased Electricity Consumption MWh 1,014,999.00
Indirect GHG emissions (Scope 2) Tons of CO 2 Equivalent 687,966.94
Grid Electricity Purchase MWh 993,187.50
Tons of CO 2 Equivalent /
GHG emissions Intensity Scope
( 1 & Scope 2) Million (CNY) of Operating 127.41 Green Power Purchase Volume 13 MWh 21,811.50
Revenue
Self-generated Electricity Consumption MWh 61,998.00
GHG emissions per Million (CNY) of Output Value (Scope1 & Scope 2) 0.01 Photovoltaic Power Generation Consumption MWh 61,998.00
Equivalent / Million (CNY)
Indirect GHG emissions (Scope 3) Tons of CO 2 Equivalent 4,847,541.39 Equivalent Greenhouse Gas Emission Reduction Tons of CO2 Equivalent 19,810.80
Generation of Self
-produced Hazardous Solid Waste Tons 3,018.81 Total Comprehensive Energy Consumption MWh 10,756,951.99
Tons / Million (CNY) of MWh / Million (CNY)
Generation Intensity of Self
-produced Hazardous Solid Waste 0.12 Comprehensive Energy Consumption Intensity 425.51
Operating Revenue Revenue
Generation of Self
-produced Non -hazardous Solid Waste Tons 182,001.38 Tons of Standard Coal /
Comprehensive energy consumption per CNY 10,000 of output value 0.55
Tons / Million (CNY) of
Generation Intensity of Self
-produced Non -hazardous Solid Waste 7.20 Expenditure on Energy 10,000 (CNY) 202,869.87
Operating Revenue
Comprehensive Utilization of Non-hazardous Solid Waste Tons 234,076.58 Total New Energy Installed Capacity MW 90.56
of which : Comprehensive utilization of historical storage volume Tons 78,408.53 Annual Purchased Green Certificate Electricity kWh 21,811,500.00
Comprehensive Utilization Rate of Non
-hazardous Solid Waste % 85.53 Use of Alternative Fuels Tons 272,156.06
Total Volume of External Solid Waste Absorption and Disposal Tons 14,469,527.55 Municipal Waste Tons 5.00
Total Volume of Solid Waste Biomass Tons 249,336.80
Industrial Waste Tons 14,469,527.55
Absorption and Disposal by Type Industrial Waste Tons 22,814.26
Total Volume of Solid Waste Landfill Tons 0
Absorption and Disposal by Disposal
Method Incineration Tons 0
and as well as
self-generated electricity using renewable energy sources. The result is calculated in accordance with the General Rulesculation
for Cal of the
between
total number and Comprehensive Energy Consumption (GB/T 2589 -2020).
the sum of the data and ratios disclosed herein, it is due to rounding
with
General
t Rules for
reenhouse
G Gas Calculation of the Comprehensive Energy Consumption (GB/T 2589 -2020).
Emission Reporting in 2022, the General Guideline of the Greenhouse Gas Emissions Accounting and Reporting for Industrialerprises
Ent (GB/T
Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Consumption of Non -renewable Materials Tons 1,916,595.30 Land Area of All Production and Operation Units of the Company m 2 12,945,806.88
Consumption of Toxic and Hazardous Materials Tons 207,986.12 Of which: Area where Biodiversity Risk Assessment has been Conducted m 2 1,856,684.18
Total Water Withdrawal Tons 11,306,712.82 Number of Sites of All Production and Operation Units of the Company Units 111
Tap Water Tons 5,968,292.03 Of which: Number of Sites where Biodiversity Risk Assessment has been
Units 79
Conducted
Groundwater Tons 2,152,039.89
Number of Corporate Entities with ISO 14001 Certification Entities 99
Surface Water Tons 3,077,861.20
Number of Corporate Entities with ISO 50001 Certification Entities 47
Other Tons 108,519.70
Number of Existing Enterprises with Climate Risk
Water Use in Water-Stressed Regions Tons 180,185.20 Response/Adaptation Plans (e.g., Extreme Weather Entities 39
Emergency Plans)
Total Water Discharge Tons 3,369,056.99
Number of Enterprises under Construction with
Total water consumption Tons 7,937,655.83 Climate Risk Response/Adaptation Plans (e.g., Entities 5
Extreme Weather Emergency Plans)
Water Recycling Rate % 94
Climate Change Risks Annual Financial Impact Caused by Risks 10,000 (CNY) 58.05
Water Consumption per Million (CNY) of Output Value 10,000 Tons / Million (CNY) 0.05 and Opportunities
Annual Expenditure Resulting from Risk Response
Total Environmental Investment Amount 14 10,000 (CNY) 30,409.65 10,000 (CNY) 3,568.44
Measures
Operating Revenue from Products with Inherent Annual Cost Required to Grasp Climate Change
Green Attributes Opportunities
Of which : Operating Revenue from Products Annual Income Generated from Climate Change
with Various Green Certifications,including but 10,000 (CNY) 1,734,970.41
Green Products 15 Opportunities
not limited to "China Low Carbon Product 10,000 (CNY) 285,222.39
Certification","Green Building Material Product
Certification",
etc.
R&D cost of green products 10,000 (CNY) 80,136.17
Number of Energy -saving Technical Renovation Projects Units 80
Electricity Saved by Energy
-saving Technical Renovation Projects kWh 36,615,824.00
Standard Coal Saved by Energy-saving Technical Renovation Projects 10,000 tons 7.52
CO 2 Emissions Reduced by Energy -saving Technical Renovation Projects 10,000 tons 20.15
Number of Self-owned National -level Green Factories Units 33
Number of Self-owned Provincial-level Green Factories Units 43
Number of Self-owned Green Factories at Other Levels Units 2
Sustainability Report
Social Data
Indicators Unit 2025 Indicators Unit 2025
Total Number of Employees People 16,133 Total Number of Employees by Region Overseas People 349
Male Employees People 13,024 Disabled employees People 71
Of which: Number of Male
People 1,395 Overall Employee Turnover Rate16 % 9.46
Employees in STEM
Total Number of Employees by Gender Turnover rate (voluntary resignation) % 6.84
Female Employees People 3,109
Of which: Number of Female Male Employees % 9.25
People 141 Employee Turnover Rate by Gender
Employees in STEM
Female Employees % 10.32
Total Number of Employees by Han employees People 15,215
Under 30 years old % 19.52
Ethnicity Minority Group Employees People 918
Employee Turnover Rate by Age 30 to 50 Years Old % 7.69
Senior employees People 169
Of which: Number of Female Over 50 years old % 7.22
People 10
Employees
Mainland China % 8.56
Of which: Number of Female
People 0 Hong Kong, Macao, and Taiwan
Employees in Business Positions Employee Turnover Rate by Region % 0
Regions
Of which: Number of Male
People 159
Employees Overseas % 50.43
Of which: Number of Male Senior employees % 0.59
People 16
Employees in Business Positions
Employee Turnover Rate by Job Level Middle -level employees % 3.42
Of which: Number of Minority
People 10
Group Members General employees % 9.88
Total Number of Employees by Job
Middle -level employees People 818
Level Senior employees % 1.18
Of which: Number of Female Voluntary Employee Turnover Rate by
People 98 Middle -level employees % 2.81
Employees Job Level
Of which: Number of Female General employees % 7.12
People 14
Employees in Business Positions
Voluntary Employee Turnover Rate by Male Employees % 6.70
Of which: Number of Male
People 720 Gender Female Employees % 7.40
Employees
Of which: Number of Male Under 30 years old % 17.30
People 131
Employees in Business Positions Voluntary Employee Turnover Rate by
Of which: Number of Minority Age
People 23
Group Members Over 50 years old % 4.16
General employees People 15,146 Mainland China % 5.88
Total Number of Employees by Long term People 15,878
Voluntary Employee Turnover Rate by Hong Kong, Macao, and Taiwan
Employment Type % 0
Short-term People 255 Region Regions
Under 30 years old People 2,480 Overseas % 50.43
Total Number of Employees by Age 30 to 50 Years Old People 11,922
Social insurance coverage of dispatched workers % 100
Over 50 years old People 1,731
Per Capita Paid Annual Leave Days 9.77
Mainland China People 15,773
Total Number of Employees by Region Hong Kong, Macao, and Taiwan
People 11 16 Employee turnover rate = Employee turnover rate for FY2023 = number of employees turned over / number of employees on boar
d at the end of
Regions the period
Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Number of Newly Recruited Employees (Employment Absorption) People 1,645 30 to 50 Years Old % 86.38
Satisfaction Rate by Age Group
Male Employees People 1,368
Over 50 years old % 86.28
Female Employees People 277
Han employees % 86.37
Under 30 Years Old People 754
Satisfaction Rate by Race
Total Number of Newly Recruited Over 50 Years Old People 22
Senior employees % 88.89
Employees Senior Employees People 0
Satisfaction Rate by Employee
Middle -level employees % 97.03
Middle -level Employees People 19 Category
General Employees People 1,626 General employees % 85.40
Han Ethnicity People 1,306
Total Number of Employees for whom the Company Pays Enterprise Annuity People 2,589
Minority Group People 339
Total Number of Employees for whom the Company Pays for Insurance other
Number of Employee Internal Transfers or Internal Applications People 546 People 5,342
than the Five Insurances (e.g., Supplementary Medical Insurance)
Proportion of Internal Transfers or Internal Applications % 24.92
Number of Cases Involving Alleged Child Labor and Forced Labor Cases 0
Cases of Complaints Received Regarding Infringement of Legal Rights of
Cases 0
Employees Number of Employees Joining the Labor Union People 16,133
Cases of Complaints Received Regarding Discrimination against Applicants and
Cases 0 Proportion of Employees Joining the Labor Union % 100
Employees
Person -times of Condolences for Special Employees and Assistance for Number of Employees Signing Collective Contracts People 16,133
Person -times 166
Employees in Difficulty
Person -times of Assisting Children of Employees in Difficulty with Schooling or Proportion of Employees Signing Collective Contracts % 100
Person -times 156
Rewarding Children of Employees for Enrollment
Number of Employee Representatives among Employees People 806
Person -times of Assisting Employees with Serious Illnesses Person -times 10
Proportion of Employee Representatives among Employees % 5
Total Expenditure on Condolences for Special Employees and Assistance for
Employees in Difficulty
Number of Work -related Fatalities People 0
Total Expenditure on Assisting Children of Employees in Difficulty with Schooling
or Rewarding Children of Employees for Enrollment Mortality Rate per 1,000 Employees ‰ 0
Total Expenditure on Assisting Employees with Serious Illnesses 10,000 (CNY) 16.93 Lost Time Injury Frequency Rate (LTIFR) per Million Hours (Employees) - 0
Sessions of Various Employee Activities Held or Organized Sessions 438
Number of Working Days Lost due to Work-related Injuries (Employees) Days 0
Sessions of Various Activities Organized by Relevant Industry Associations
Sessions 122
(Provincial Level or Above) Participated In Lost Time Injury Frequency RateLTIFR)
( per Million Hours (Contactors) - 0
Person -times of Employees Participating in Various Activities Person -times 33,729
Safety Production Liability Accident 0
Total Number of People Participating in Satisfaction Surveys People 9,794
Proportion of Total Number of Employees % 60.71 Work safety accidents 1
Employee satisfaction17 % 86.37 Person -times Participating in Occupational Health and Safety Training Person -times 177,118
Male Employees % 86.37
Satisfaction Rate by Gender Number of Safety Inspections Conducted Times 4,446
Female Employees % 86.38
Number of Hazards Identified Units 24,477
Satisfaction Rate by Age Group Under 30 years old % 86.36
Hazard identification and rectification rate % 100
Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Person -times participating in emergency drills, fire drills, and other exercises
Person -times 20,613 Total training hours for Skill and Business training Hours 401,989
Amount of safety and health-related expenditures 10,000 (CNY) 13,019.08 Total training hours for Management training Hours 101,688
Per capita training hours by gender Male Employees Hours 55.98
Number of enterprises within all levels of the Group that obtained Level 1 safety
Entities 1 (various types of training)
production standardization Female Employees Hours 54.01
Number of enterprises within all levels of the Group that obtained Level 2 safety Under 30 years old Hours 57.72
Entities 66
production standardization Per capita training hours by age group
(various types of training)
Number of enterprises within all levels of the Group that obtained Level 3 safety Over 50 years old Hours 54.33
Entities 21
production standardization
Per capita training hours by race Han employees Hours 57.04
Number of enterprises within all levels of the Group with ISO 45001 Occupational (various types of training)
Entities 98 Minority Group Employees Hours 34.55
Health and Safety Management System certification
Senior employees Hours 140.20
Total participants in training People 140,224
Per capita training hours by job level
Middle -level employees Hours 64.54
Employee training coverage rate % 86.67 (various types of training)
General employees Hours 53.90
Male Employees % 84.99
Employee training rate by gender Per capita training hours (various types of training) Hours 55.57
(various types of training)
Female Employees % 93.70
Total cost of employee training for the Company CNY 5,902,291.94
Under 30 years old % 82.78 Total Entities 4,201
Employee training rate by age group
(various types of training)
established long-term cooperation Hong Kong, Macao, and Taiwan
Over 50 years old % 85.73 Entities 2
with the Company Regions
Han employees % 85.86
Employee training rate by race (various Overseas Entities 48
types of training)
Minority Group Employees % 100.00
Procurement amount generated from suppliers that have established long
-term
Senior employees % 100.00 cooperation with the Company
Employee training rate by job level Total Entities 2,550
Middle -level employees % 100.00
(various types of training) Among suppliers with long-term Mainland China Entities 2,502
General employees % 85.80 cooperation, the number of suppliers
screened and controlled for Hong Kong, Macao, and Taiwan
Entities 2
Senior employees % 97.04 environmental and social risks Regions
Employee training rate by level (Safety
and Environmental Protection Middle -level employees % 84.60 Overseas Entities 46
training)
General employees % 82.92 Proportion of suppliers screened and controlled for environmental and social
% 60.70
risks
Senior employees % 64.50
Procurement amount generated from long -term cooperative suppliers screened
Employee training rate by level (Skill 10,000 (CNY) 537,919
Middle -level employees % 81.42 and controlled for environmental and social risks
and Business training)
Total Entities 0
General employees % 68.45
Among suppliers assessed as having
Senior employees % 100.00 Among long -term cooperative significant negative impacts, the
Employee training rate by level
suppliers screened and controlled for number of suppliers with whom the Entities 0
(Management training, including Middle -level employees % 97.56
environmental and social risks, the Company agreed on corrective
compliance training)
General employees % 37.97 number of suppliers assessed as measures/improvement plans
having significant negative impacts
Among suppliers assessed as having
Total training hours calculated by person
-times (all employees) Hours 776,938
significant negative impacts, the Entities 0
Total training hours for Safety and Environmental Protection training Hours 273,261 number of suppliers terminated
Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Total Entities 456 Provincial and Ministerial Awards in science and technology Items 9
Among suppliers with long-term Among suppliers participating in Number of anti-commercial bribery and anti-corruption training sessions held
cooperation, the number of suppliers training and capability enhancement, Sessions 3,067
and organized
participating in supplier training and the number of suppliers screened and Entities 255
capability enhancement controlled environmental and social Person -times of directors of enterprises across all levels participating
- in anti
Person -times 1,620
risks commercial bribery and anti-corruption training
Number of ESG training sessions or ESG training exchange meetings conducted Person -times of employees of enterprises across all levels participating- in anti
Sessions 20 Person -times 62,754
with suppliers commercial bribery and anti-corruption training (excluding directors)
Number of suppliers passing system certifications such as quality, occupational Coverage rate of directors in anti
-commercial bribery and anti-corruption
Entities 2,350 % 100
health and safety, environment, or energy management training sessions held and organized
Total Entities 725 Coverage rate of employees in anti
-commercial bribery and anti-corruption
% 100
Number of non -long-term cooperative Number of suppliers screened and training sessions held and organized
suppliers controlled environmental and social Entities 623 Total number of law-abiding and compliance training sessions held and
risks Sessions 23
organized for the year
Proportion of products recalled for safety and health reasons % 0
Total person-times participating in law
-abiding and compliance training for the
Person -times 15,300
Litigation cases involving products and services related to safety and health year
Cases 0
reasons
Total number of ESG special training sessions held and organized for the year Sessions 6
Number of complaints received regarding products and services Cases 21
Total duration of participation in ESG special training for the year Hours 36
Of which: Number of complaints properly replied to and handled Cases 21
Number of participants in ESG special training for the year People 716
Proportion of complaints properly replied to and handled % 100
Number of cases of employee violation of the code of business conduct
Number of cases involving products and services allegedly infringing intellectual Cases 0
Cases 0 (corruption or bribery)
property rights
Number of cases of employee violation of the code of business conduct
Number of complaints received due to leakage of customer information Cases 0 Cases 0
(discrimination or harassment)
Total number of customers Units 30,119
Number of cases of employee violation of the code of business conduct
Number of customers participating in satisfaction surveys Units 7,001 Cases 0
(customer privacy data)
Of which: Number of customers satisfied with the survey results Units 6,616
Number of cases of employee violation of the code of business conduct (conflict
Cases 0
Proportion of customers participating in satisfaction surveys % 23.24 of interest)
Customer satisfaction rate % 94.5 Number of cases of employee violation of the code of business conduct (money
Cases 0
Number of patent applications for the year Items 656 laundering or insider trading)
Of which: Number of invention patents Items 387 Amount of taxes and fees paid 10,000 (CNY) 147,041.59
Number of patents authorized for the year Items 433 Total amount of public welfare investment (including material donations) 10,000 (CNY) 579.08
Of which: Number of invention patents Items 219 Donations to targeted assistance areas (rural revitalization category) 10,000 (CNY) 517.00
Cumulative number of valid patents Items 5,322 Public welfare donation 10,000 (CNY) 62.08
Of which: Number of invention patents Items 1,801 Number of entrepreneurship internship bases Units 3
Cumulative software copyrights registered Items 43
Provision of internship positions for students in school Units 20
R&D investment / System process / Platform construction / Incentive mechanism
Million (CNY) 1,044 Number of established volunteer organizations or groups Units 4
/ Talent guarantee
Number of volunteers among employees People 263
Of which: R&D investment in green and low
-carbon technology Million (CNY) 334
R&D investment as a percentage of operating revenue % 4.13 Number of person -times ofvolunteer activities carried out Person -times 2,124
Number of R&D personnel People 1,215 Number of working hours of volunteer activities carried out Hours 1,200
Number of standards led or participated in formulation or revision Units 318 Total investment of the enterprise in supporting volunteer activities 10,000 (CNY) 16
Sustainability Report
Index Table Guideline Clauses Report Chapters
Chapter IV Promoting Technological Innovation
Articles 41 to 42
Social Information Disclosure Green Solutions
Shenzhen Stock Exchange Guidelines No. 17 for Section 2 BNBM's core business is the production and sales of
Self-discipline Regulation of Listed Companies - gypsum boards, waterproof materials, and coatings,
Article 43 and it does not engage in scientific research or
Sustainability Report (Trial) Innovation-driven and technological development activities in areas sensitive
technological ethics to technological ethics.
Creating Quality Service
Guideline Clauses Report Chapters Articles 44
Promoting Win -Win Cooperation
Articles 1 to 4 Full Report
Article 5 Materiality Assessment Articles 45 Promoting Win -Win Cooperation
Chapter I
Articles 6 to 8 Full Report Chapter IV
General Provisions As of the end of the reporting period, BNBM's balance
Article 9 Stakeholder Communication
Social Information Disclosure of accounts payable (including notes payable) did not
Article 10 Full Report exceed CNY 30 billion, accounting for no more than
Section 3
Materiality Assessment 50% of total assets, and there were no cases where
Article 46
Suppliers and Customers information regarding overdue unpaid amounts to
Chapter II Deepening Integrity Building
small and medium -sized enterprises was disclosed to
Sustainability Information Articles 11 to 19 Addressing Climate Change the public through the National Enterprise Credit
Disclosure Framework Information Publicity System
Creating Quality Service
Promoting Technological Innovation Article 47 to 48 Creating Quality Service
Chapter III
Chapter IV
Environmental Information Improving Intrinsic Safety
Addressing Climate Change Social Information Disclosure
Disclosure Articles 20 to 28 Articles 49 to 50 Safeguarding Employee Rights
Section 1 Section 4
Supporting Communication Channels
Addressing Climate Change Employees
Chapter III Protecting Ecological Environment
Article 29 Chapter V Article 51 Deepening Corporate Governance
Environmental Information Strengthening Environmental Management
Disclosure of Sustainability
Disclosure Article 30 to 32 Protecting Ecological Environment Article 52 Promoting Win -Win Cooperation
related Governance Information
Section 2
Section 1
Pollution Prevention and Control Article 33 Strengthening Environmental Management
Sustainability
-related Article 53 Stakeholder Communication
and Ecosystem Protection
Governance Mechanisms
Chapter III Addressing Climate Change
Article 34
Environmental Information Promoting Circular Economy Chapter V
Disclosure Article 35 Addressing Climate Change Disclosure of Sustainability
Deepening Integrity Building
Section 3 related Governance Information Articles 54 to 56
Implementing Compliance Operation
Resource Utilization and Circular Article 36 to 37 Promoting Circular Economy Section 2
Economy
Business Conduct
Chapter IV
Social Information Disclosure Article 57 Index Table
Chapter VI
Section 1 Articles 38 to 40 Co -creating Social Value
Supplementary Provisions and Article 58 -
Rural Revitalization and Social Definitions
Articles 59 to 63 Full Report
Contribution
Sustainability Report
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