Asia Cement Corporation (China) deeply cultivates the cement industry and leads the green future

        Since its establishment in April 2004, Asia Cement Corporation (China) Holdings has experienced over 20 years of steady development. It has built multiple modern cement production lines in Jiujiang, Jiangxi, Chengdu, Sichuan, Wuhan, Hubei, and Huanggang, and has become a large cement manufacturing enterprise with 21 subsidiaries and 3 strategic partners. Its annual cement production capacity is as high as 35 million tons, ranking 10th in mainland China's clinker production capacity. Its total assets reach CNY 22 billion, ranking 11th in the comprehensive strength evaluation of listed companies in the cement industry, demonstrating the company's leading position and strong strength in the industry.

                Asia Cement Corporation (China) adheres to the corporate spirit of Far Eastern Group's "sincerity, diligence, simplicity, prudence, and innovation", and is committed to building a modern cement plant with high environmental protection, high quality, high efficiency, and low cost. It adheres to the principle of "industrial development and environmental protection go hand in hand", adopts advanced preheating and pre calcination rotary kiln equipment and waste heat recovery power generation technology, saves energy and strictly controls emissions, with carbon emissions far below national standards. At the same time, it uses waste from power plants and steel mills to vigorously promote circular economy, which not only improves resource utilization efficiency but also reduces production costs, fully reflecting the company's commitment to environmental protection.

        Up to now, Asia Cement Corporation (China) has released its Environmental, Social and Governance (ESG) report for 14 consecutive years, disclosing the latest progress and significant achievements in sustainable development, environmental protection, social responsibility and corporate governance. It is also an important way for investors and the public to understand the comprehensive situation of the company.

        In terms of environmental management, the company's green mine construction is particularly outstanding. Currently, 8 mines have obtained green mine certification, including 6 national level green mines and 2 provincial level green mines, becoming industry benchmarks for green development.

                To achieve the goal of green mining, Asia Cement Corporation (China) has taken a series of environmental measures. For example, using digital electronic detonators and high-precision non electrical detonators for deep hole blasting can effectively reduce blasting vibration; Implement strict slope stability and soil and water conservation plans to ensure the harmonious coexistence of safety and environment in the mining area. In addition, the company actively carries out mining area reclamation work, planting a large amount of vegetation, and restoring the ecological environment.

        In addition to green mining construction, Asia Cement Corporation (China) also reduces greenhouse gas emissions and pollutant emissions through measures such as promoting ultra-low emission transformation, optimizing energy structure, and using clean energy. In 2023, the total greenhouse gas emissions of the company will decrease by 10.2% compared to the previous year, and nitrogen oxide emissions will decrease by 30.8%, contributing to the response to global climate change.

        In terms of resource utilization management, the company actively promotes water-saving technology and the concept of circular economy, adopts advanced water-saving technology and equipment, improves water resource utilization rate up to 96.97%, reduces production costs, and improves resource circular utilization efficiency, laying a solid foundation for sustainable development.

        In addition, Asia Cement Corporation (China) adheres to a people-oriented approach, pays attention to employee welfare and career development, and invests a lot of resources in employee training. By 2023, the average training hours per person will reach 50.44 hours, with a training coverage rate of 99.76%, significantly improving employees' professional skills and professional ethics. The company actively organizes cultural and sports activities, and strengthens employee care and mental health assistance to enhance colleagues' sense of belonging and happiness, creating a positive and healthy working atmosphere and harmonious working environment.

                In addition to being committed to the economic development of enterprises, Asia Cement Corporation (China) and its subsidiaries are more enthusiastic about investing in public welfare. In 2024, a 6.2-magnitude earthquake occurred in Shijishan County, Gansu Province. Jiangxi Yadong Cement quickly donated CNY 5 million to fully support post disaster reconstruction work, demonstrating their firm determination and warm feelings to overcome difficulties together. More Than This, Jiangxi Yadong Cement 、 Companies such as Huanggang Oriental Petrochemical (Taiwan) and Sichuan Oriental Petrochemical (Taiwan) have also demonstrated their corporate social responsibility through practical actions, donating materials worth over CNY 5.72 million, injecting strong momentum into rural revitalization and ecological environment construction.

        In addition to providing strong economic and material support, the company also adheres to the concept of promoting good neighborliness, actively participates in local social activities, shares the joy of development with residents, and works together to solve difficulties and challenges, establish deep friendships, and lay a solid foundation for the development of the enterprise and surrounding communities.

        While actively fulfilling its social responsibilities, Asia Cement Corporation (China) has also achieved remarkable success in business operations and technological innovation, winning multiple honors. In March 2024, CEO Zhang Zhenkun led a team to develop a construction waste treatment system, which was awarded a utility model patent certificate by the National Intellectual Property Administration; In the same year, Huanggang Oriental Petrochemical (Taiwan) was awarded the title of "Annual Demonstration Safe Enterprise in Wuxue City", Jiangxi Yadong Cement was also awarded the "Outstanding Contribution Award for Industrial High Quality Development Enterprises in 2023", and the company's Dawuchen cement sand shale mine was awarded the title of "Top Ten Mines" in 2024. In the ranking of "Top 10 China Cement Clinker Production Capacity in 2023", Asia Cement Corporation (China) ranked tenth and was awarded the top ten medal, demonstrating its leading position in the field of cement clinker production.

        In terms of corporate governance, Asia Cement Corporation (China) strictly adheres to relevant laws and regulations, as well as the requirements of the Hong Kong Stock Exchange, to establish a standardized and transparent governance structure. The board of directors attaches great importance to ESG management and has established a Corporate Sustainability Committee to supervise and promote ESG related work. A series of measures have improved the level of corporate governance and provided strong guarantees for the sustainable development of the company.

        In 2024, we celebrate the 20th anniversary of the establishment of three companies: Sichuan Oriental Petrochemical (Taiwan), Nanchang Oriental Petrochemical (Taiwan), and Chengdu Yali Cement Products. These three companies have not only achieved remarkable achievements in their respective fields, but also made indelible contributions to the vigorous development of the group. Especially, Oriental Petrochemical (Taiwan) in Sichuan, which experienced the severe test of the 2008 Wenchuan earthquake, demonstrated a tenacious spirit and successfully acquired Lanfeng Cement, further consolidating its important position in the Chengdu market.

        The past achievements are not only a recognition of our efforts, but also a motivation and impetus for our continued growth in the future. As a leading enterprise in the industry, Asia Cement Corporation (China) will uphold its original intention, keep in mind its mission, and face market changes and challenges with an open and inclusive attitude; Drive the development of the company and industry progress with an innovative and enterprising spirit; Fulfill social responsibilities and obligations with a responsible and accountable attitude; Guided by ESG principles, we are committed to improving and innovating in areas such as environmental governance, social responsibility, and corporate governance. To achieve the above goals, we will continue to invest in research and innovation, explore environmentally friendly and efficient production technologies and management models.

        Standing at a new historical starting point, Asia Cement Corporation (China) is full of fighting spirit and will work together with all partners and stakeholders to create a better future!

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