Huaxin Building Materials Group Co., Ltd. Class ASSE: 600801

2024 Environmental, Social and Governance (ESG) Report

Mar 25, 2025 at 11:00 PM UTC · Issued by Huaxin Building Materials Group Co., Ltd. Class A

About the Report

Time range

Report boundaries

Reference standards

Data description

Report approval

Reliability statement

Report language

Report acquisition

Huaxin Cement Co., Ltd. (hereinafter referred to as "Huaxin Cement", "Huaxin", "Company", "the company", "we", "us" or "our") has published its social responsibility/ environmental, social and governance (ESG) report every year since 2009, and the 2024 Environmental, Social and Governance (ESG) Report of Huaxin Cement Co., Ltd. (hereinafter referred to as the "Report") will comprehensively elaborate the Company's environmental, social and governance (hereinafter referred to as "ESG") management philosophy and policies, and the Company's performance in ESG in 2024.

This Report covers the period from January 1, 2024 to December 31, 2024 (hereinafter referred to as the "reporting period"). In order to enhance the comparability and foresight of the Report, some of the contents have been appropriately extended to the previous and subsequent years.

Unless otherwise speciﬁed, this Report covers Huaxin Cement Co., Ltd. and its subsidiaries (hereinafter referred to as the "Group").

This Report has been prepared with reference to reporting standards, including the Code on Environmental, Social and Governance Reporting (ESG) in Appendix C2 to the Rules Governing the Listing of Securities in The Stock Exchange of Hong Kong Limited (herein after referred to as the "Main Board Listing Rules"), Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-Sustainability Report (Trial), the United Nations Sustainable Development Goals (SDGs), and the GRI Standards.

This Report adheres to the four principles required by Appendix C2 to the Main Board Listing Rules, namely the principles of significance, quantiﬁability, balance and consistency.

The data in this Report are all from the Company's oﬃcial documents and statistical reports, of which the operating data are from the "2024 Annual Report of Huaxin Cement Co., Ltd." (hereinafter referred to as the "Annual Report"), if the listed data is different, the Annual Report shall prevail. Unless otherwise speciﬁed, the currencies mentioned in this Report are listed in RMB.

This Report was deliberated and approved by the 10th meeting of the 11th Board of Directors of the Company.

The Board of Directors of the Company warrants that there are no false records, misleading statements or material omissions in the contents of this Report.

The Report is in Chinese and English, if there is a discrepancy between the two language versions, please refer to the Chinese version.

This Report is published annually and in electronic form. To obtain the electronic version, please visit the oﬃcial website of Huaxin Cement Co., Ltd. (https://www.huaxincem. com) or the website of the Hong Kong Stock Exchange (www.hkex.com.hk) to download and read.

Message by the President	01
About Huaxin Cement	03
Honors and Awards	05
ESG Management	07
ESG Governance Structure	07
Double Materiality Assessment	08

Environmental	01		Innovation-Driven,	03
Protection First, Build		Building an Industry
a Low-Carbon Future		Ecology
Insist on Green Production	15		Promote Scientifc and Technological Innovation	51
Optimize Resource Usage	20		Industry Exchange and Co-construction	54
Focus on Ecological Protection	22		Quality Products and Services		56
Create Green Products	24		Responsible Supply Chain		61
Respond to Climate Change	27


Partners Work Together	02		Practice Responsibility	04
to Forge a Talent-		and Build a Warm
Powered Enterprise		Society Together
Employee Rights and Care	39		Respond to the "Belt and Road" Initiative	69
Employee Development and Training	42		Contribute to Rural Vitalization		72
Occupational Health and Safety	45		Participate in Community Welfare		73

Operate Steadily and

Lay a Solid Foundation 05 for Governance

Standardize Corporate Governance	77
Strengthen Risk Management	81
Adhere to Business Ethics	84

Key Performance Tables	87
Indicator Index	91
SEHK ESG Index of Indicators	91
SSE ESG Index of Indicators	96
GRI Content Index	97
Reader Feedback Form	101

Huaxin Cement Co., Ltd

Message by the President

2024 Environmental, Social and Governance (ESG) Report

2024 is a key year to achieve the goals and tasks of the "14th Five- Year Plan", in the face of complex and severe situations such as the changing international situation and the continued sluggish market demand, Huaxin Cement has overcome many diﬃculties, ﬁrmly adhered to the three "bottom lines" of integrity, safety and environmental protection, and strictly controlled ﬁnance, product quality and compliance. We ﬁrmly implement the Company's new four major strategies - "overseas multi-business development strategy", "domestic integration and synergy strategy", "carbon emission reduction and value-added innovation strategy" and "digital AI-driven strategy", and implement ESG concepts and actions into the Company's daily operation and management. The Company has made breakthrough progress aimed at the ﬁerce market competition, delivering an impressive report card of advancing despite challenges and enhancing quality with stability.

Improving the governance system and stabilizing the

foundation for development. We integrate the ESG concept into the whole process of corporate operation and governance, take compliance operation as an important foundation, build a professional, diversiﬁed and inclusive decision-making structure, establish a comprehensive and multi-level risk prevention and control system, conduct internal and external audits on a regular basis, adhere to integrity management and fair competition, and lay a solid foundation for the long-term sustainable development of the enterprise.

Pioneering a green strategy and embarking on a new low-

carbon journey. We practice the concept of green production, strive to reduce pollutants from the source, optimize production processes, innovate processes, improve resource utilization eﬃciency, vigorously promote renewable energy, continue to carry out environmental audits, strengthen factory environmental self-monitoring and standardized management of pollutant discharge permits, and make steady progress on the road of environmental protection and green development.

We are deeply involved in the compilation of national, industry and group standards, and contribute to the wisdom of Huaxin in carbon emission accounting and the revision of inspection guidelines in the cement industry. At the same time, with our robust scientiﬁc research, we have successfully developed a new type of high-strength, ultra-high toughness cement-based composite materials, with a number of important indicators that are signiﬁcantly ahead of similar products in the world, bringing new opportunities for the development of the building materials industry. The Diwei project was successfully shortlisted for the 2024 GCCA Global Low-Carbon Development Case; In 2024, Huaxin was approved as one of the ﬁrst batches of "low-

carbon standardized workstations in the building materials industry (cement)" awarded by the China Building Materials Federation. The "National Key R&D Program - Collaborative Disposal and Demonstration Project of Multi-source Organic Solid Waste Park in Large and Medium-sized Cities in the Yangtze River Economic Belt" has successfully passed the acceptance. We have successfully applied for the "14th Five-Year Plan" National Key Research and Development Program "Engineering Science and Comprehensive Intersection" Key Special Project "Silicate Cementitious Materials Manufacturing Process High Efficiency Carbon Reduction Engineering Theory and Technology".

Harnessing technological innovation to craft superior

products. We are committed to building a corporate brand image of "Centennial Quality, Trusted Excellence," leveraging technological innovation as a powerful engine to drive sustainable development and long-term vitality. In terms of R&D and innovation management, we build a whole-process R&D organizational structure, optimize the R&D process, and ensure the standardized production and manufacturing of the whole process of products. We attach great importance to the protection of intellectual property rights, actively participate in industry exchanges and co-construction, and walk side by side with peers to make progress together. In terms of product quality control, we empower the industry with strong scientiﬁc research capabilities and technical support. In 2024, the quality indicators of factory products will be stable, and the foundation for digital innovation and capacity building will continue to be consolidated. At the same time, we uphold the value of "responsible supply chain", classify suppliers, carry out ESG risk assessment, use big data analysis, artiﬁcial intelligence and other cutting-edge technologies to optimize supply chain management, and work with partners to promote the progress and development of the industry.

Exploring the global market and expanding the business

territory. In 2024, our business territory will expand to Zimbabwe, a country in eastern and southern Africa, and we have invested and operated cement and upstream and downstream enterprises in 12 overseas countries, becoming one of the enterprises with the highest degree of internationalization in China's building materials industry. The Company has a considerable cement production capacity and is under construction. We entered the West African market for the ﬁrst time, and successfully contracted a production capacity of more than 10.5 million tons in Nigeria, consolidating its development layout in Africa. At the same time, the company actively develops non-cement business areas, and overseas aggregates, environmental protection and new materials businesses go hand in hand. The engineering

equipment business undertakes a number of overseas projects to help factories improve eﬃciency and production capacity. At the same time, the cement industry, procurement and logistics, ﬁnance, legal affairs and other departments collaborate to promote overseas business development in an all-round way from the aspects of technology, support team, ﬁnancial standards and legal protection.

Cultivating the concept of people-oriented and conveying

social responsibility. Employees are the core driving force of the company's development, and we always uphold the concept of people-oriented, and protect the basic rights and interests of employees in accordance with the law. We continue to improve smooth communication channels, encourage employees to actively participate in the construction of the company, and send condolences and care to employees in a timely manner when they encounter diﬃculties, so as to enhance employees' sense of belonging and happiness. At the same time, various leisure activities are organized to help employees relieve work pressure and relax. We continue to improve the talent incentive and growth system, help employees improve their professional skills, and are committed to cultivating all-round talents. We attach great importance to the safety and health of employees, conduct in-depth investigations of potential safety hazards, and regularly carry out occupational disease prevention and control training to protect the safety and health of employees. In the process of continuous development and growth, we actively practice corporate social responsibility, respond to the "Belt and Road" initiative, accelerate the international layout, and inject vitality into local development. helping rural revitalization through various ways such as agricultural assistance, student assistance, and assistance. actively participate in social welfare undertakings, convey care, and contribute to social development.

Mountains stand majestic due to their steepness, and the sea remains vast through its relentless surges. We have travelled thousands of mountains and rivers, and we still need to move forward in the future. There is still a long way to go, but there is a lot of faith; Glory belongs to the past, and the future needs to be explored. Standing at a new starting point and answering the call of the times for global sustainable development, we will anchor our goals, deepen our green layout, strengthen the empowerment of science and technology, and bravely assume social responsibility. With fearless determination, we will continue to write the new glory of Huaxin ESG and contribute to the sustainable development of the world.

President of Huaxin Cement Co., Ltd

Li Yeqing

Huaxin Cement Co., Ltd

About Huaxin Cement

Company Proﬁle	Founded in 1907, Huaxin Cement Co., Ltd. is known as the cradle of China's cement
industry and has been a leading supplier of building materials in China for 117 years.

			In 1994, the Company's A and B shares were listed on the Shanghai Stock Exchange. In
			1999, it formed a strategic partnership with Holcim. On March 28, 2022, Huaxin Cement
			successfully transferred from B-share market to H-share market and was ofcially listed
			on the Main Board of the Hong Kong Stock Exchange.
			Since 2000, the Company has developed from a local cement frm into a global building
			materials group that possesses more than 300 subsidiaries in 17 provinces and cities
			in China and 16 overseas countries, and pursues integrated development along the
			whole industry chain covering cement, concrete, aggregates, environmental protection,
			equipment manufacturing & engineering, and new building materials. It now ranks
			among Top 500 Chinese Manufacturing Enterprises and the Fortune China 500. In
			addition, it has been selected into the "List of China's 500 Most Valuable Brands" for
			many years in a row, and its brand value has exceeded 100 billion RMB.

Company culture

Brand			A century-old brand with trustworthy quality



Spirit		Honest, dedicated, pragmatic, innovative


Mission		To clean our living environment, and provide reliable building materials

2024 Environmental, Social and Governance (ESG) Report

Environmental

protection

Concrete	Equipment and
engineering

	Cement

New building	Aggregates
materials

Operating income

Gross proﬁt

Total assets

价值观Vision		安A better全第一world客户至starts上结果with导向us诚实守信创新发展以人为本


Value		Safety ﬁrst, customer-centered, result-directed, honest and trustworthy, innovative
		development, and people-oriented


Company Business	At the beginning, when the Company went public, it was a specialized company
engaged in cement production and sales, cement technical services, cement equipment

	(including research, manufacturing, installation, and maintenance), and cement import
	and export. In the past 20 years, as it implemented a number of development strategies
	on integrated development, environmental protection transformation, overseas
	development, and the expansion of new building materials business, the Company has
	expanded its businesses to include the production and sales of commercial concrete,
	aggregate, and cement-based new building materials, cement kiln collaborative
	disposal of wastes for environmental protection, domestic and international cement
	EPC contracting, the technology, equipment and engineering contracting for cement kiln
	collaborative disposal, and other related businesses. Over time, it has become a leading
	global building materials group in China that pursues integrated development along the
	whole industrial chain.

34.217 billion RMB

Cement production capacity (grinding capacity, including the capacity of joint ventures)

126 million tons/year

Waste disposal capacity

16.93 million tons/year

Aerated concrete products (bricks, slabs) production capacity

950,000m²/year

4.112 billion RMB

Commercial concrete production capacity (including commissioned processing capacity)

50,084 m²/hour

Cement equipment manufacturing capacity

50,000 tons/year

Ultra-high-performance concrete capacity

400,000 tons/year

69.513 billion RMB

Aggregate capacity

285 million tons/year

Comprehensive environmental protection wall material production capacity of eco-friendly wall materials

660million pieces/year

Cement packaging bag capacity

700 million pieces/year

Huaxin Cement Co., Ltd

Honors and Awards

Hubei Top 100 Enterprises 2024	Asia's Top 500 Brands 2024

Hubei Enterprise	World Brand Lab
Confederation, Hubei
Entrepreneurs Association

Excellent Practices in Listed Companies' Board	"SSE · Golden Quality - Corporate Governance
Offices 2024	Award" 2024

China Association for Public	Shanghai Securities News
Companies

2024 Environmental, Social and Governance (ESG) Report

"Innovation and Application of Key Technologies	First Batch of Low-carbon Standardization
for Intelligent Low-carbon Cement Production"	Workstations in the Building Materials Industry
Wins the Only Innovation Award at the WCA 2024		(Cement)

World Cement Association	China Building Materials
	(WCA)	Association

First Prize for National Modern Enterprise	CGMA "Annual Excellence in Management
Management Innovation Achievements	Accounting Practice Award" 2024

China Enterprise Confederation,	The Association of International
China Entrepreneurs Association	Certifed Professional
		Accountants (AICPA & CIMA)

National May Day Labor Award

All-China Federation of

Trade Unions

"Digital Supply Chain Transformation Practice" Wins the Excellent Supply Chain Case Award in the Cement Industry 2024

Typical ESG Practice Cases in Building Materials

Industry

China Building Materials

Association

"Belt and Road" Top 100 Best Practice Cases by Chinese Listed Companies over the Past Decade

"Rural Revitalization Volunteer Service Project"	East Africa Building and Construction
Selected as a Best Practice Case in Professional	Association's Cement Brand Excellence Award
Volunteer Projects	2024

12th Professional Volunteer	East Africa Building and
Service Week and 1st Volunteer	Construction Association
Service Technology Conference		(EABC)

Huaxin Tanzania Company Wins the Special	Huaxin Chibi's NanShan Cement Limestone
Prize of Tanzania Annual Quality Award 2024	Mine Wins the "Top Ten Mines" Title 2024

China Cement Association

China Association of Public

Companies

"Sludge Deep Dewatering and Full Resource	"Key Technologies for Intelligent Low-carbon
Utilization Technology for Pollution Reduction and	Cement Production" Selected into the MIIT's Recommended
Carbon Emission Reduction" Project Wins the First Prize	Catalogue of Energy-saving and Carbon Reduction
of Scientific and Technological Progress Award 2023	Technologies and Equipment (2024)

People's Government of	Ministry of Industry and
Hubei Province	Information Technology

Tanzanian Ministry of Trade	China Cement Association
and Investment

Huaxin Huangshi Company Receives the First

Batch of Carbon Label Certificates for Building

Materials

China Building Materials

Association

Huaxin Cement Co., Ltd

2024 Environmental, Social and Governance (ESG) Report

ESG Management

Huaxin Cement has always practised the concept of ESG and deeply integrated ESG management into the company's daily business decisions. We proactively respond to regulatory requirements, actively meet the expectations and demands of stakeholders, accurately manage risks and opportunities related to sustainable development, and strive to create long-term and stable value for the company.

Double Materiality Assessment

Double materiality analysis is a key part of ESG management, which helps enterprises manage ESG impacts, risks and opportunities from the two dimensions of ﬁnancial materiality and impact materiality, thereby improving the scientiﬁc and accurate nature of ESG management, and enhancing corporate value and long-term competitiveness.

ESG Governance Structure

Huaxin Cement has established and improved the ESG governance structure, built a three-level management structure of "Board of Directors-ESG Management Committee- ESG Working Team", clariﬁed the ESG governance responsibilities at all levels, and effectively ensured the orderly development of ESG-related work plans. During the reporting period, the Company established an ESG Management Committee and set up an ESG Working Team under the committee to enhance ESG management implementation and resource allocation.

Understand the company's activities and business contextual relationships

In 2024, we conducted a questionnaire survey and quantitative analysis of the materiality of the Company's issues in accordance with the criteria for judging the materiality and ﬁnancial materiality of the impact in the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-Sustainability Report (Trial) (herein after referred to as the "Guidelines"), and with reference to the relevant norms of the GRI Standard for materiality assessment.

By interpreting domestic and foreign sustainability standards, tracking ESG development trends, and combining with its own development needs, we can

Decision- making level:

1The Board of Directors is the highest responsible body and decision-making level for ESG work, and is responsible for the overall supervision, deliberation, and decision- making of related matters, including the formulation of relevant strategies and

Step 1

understand the sustainable development background of Huaxin Cement, and identify and understand the affected stakeholders.

Board of Directors

guidelines, special deliberation and reporting on ESG-related reports or ESG-related content in other reports, and the supervision and management of the implementation progress of the formulated ESG-related goals.

Establish a list of issues		On the basis of the previous year's list of issues, the list of issues will be updated

Step 2		by benchmarking against the latest industry policies and exchange regulatory
02		guidelines, taking into account ESG capital market rating requirements and
	stakeholder communication results. At the same time, we will conduct an analysis of

		the impacts, risks and opportunities related to the issue.

Management level:

ESG Management Committee

2		The ESG Management Committee is the research, management and guidance body
	for ESG work, which is responsible for guiding and formulating the Company's ESG
	management goals and strategies, formulating ESG management performance
	indicators, reviewing the Company's ESG reports and other relevant disclosure
		information, and regularly reporting to the Board of Directors on the progress of ESG
		management and related matters.

Topic materiality assessment

Step 3

Issues Reports

Step 4

Impact Materiality Assessment: Evaluate and rank the impact importance of the topic through internal and external expert analysis.

Financial Materiality Assessment: Evaluate and rank the ﬁnancial materiality of issues by referring to internal and external expert opinions.

Summarize the results of impact materiality and ﬁnancial materiality assessments to form a double materiality matrix to present topics of high importance, medium

Executive level:		Under the guidance of the ESG Management Committee, the ESG Working Team
	3
	coordinates ESG management, formulates corresponding ESG goals and plans,
ESG Working Team	implements the Company's ESG strategy, and maintains communication with internal
	and external stakeholders.
		The speciﬁc responsibilities of the ESG Working Team mainly include:
		• According to the Company's ESG management strategy and overall goals, formulate
		the company's ESG-related systems, and regularly review and update them;
		• Develop and implement speciﬁc ESG work plans;
		• Identify and analyze major ESG risks and opportunities, and put forward risk control
		suggestions;
		• Regularly collect and analyze ESG-related performance indicators and submit them
		to the ESG Management Committee for review;
		• Prepare the Company's annual ESG report, submit it to the ESG Management
		Committee for review and approval, and disclose it;
		• Continue to pay attention to the ESG trends of the industry and understand the ESG
		information of the industry;
		• Organize and carry out ESG-related training, publicity and assessment, etc.

importance and general importance. After the review and conﬁrmation of the Board of Directors of the Company, the 2024 ESG report will focus on the disclosure of topics of high importance.

Huaxin Cement Co., Ltd

Communication with stakeholders

We actively communicate with our stakeholders and collect their expectations and demands through multiple channels.

2024 Environmental, Social and Governance (ESG) Report

List of issues	In order to meet the regulatory requirements and stakeholder needs, we carefully
selected the list of topics against the 21 topics set out in the Guidelines, with reference

	to the Company's sustainable development background and business practices, and the
	results of stakeholder communication. During the reporting period, we identiﬁed a total

Stakeholders

Governments and regulatory authorities

Shareholders & Investors

Clients

Partners

Employees

Society and the public

Main topics of concern

Environmental management
Tackling climate change
Promote circular economy
Scientiﬁc and technological innovation
Anti-corruptionand clean government
Tackling climate change
Green and environmentally friendly products
Product quality and safety
Scientiﬁc and technological innovation
Corporate Governance
Risk management
Green and environmentally friendly products
Product quality and safety
Protection of customer rights
Scientiﬁc and technological innovation
Supply chain management
Industry exchange and development
Diversity, Equity & Inclusion
Labor rights
Occupational health and safety
Communication and caring
Development & Training
Environmental management
Rural revitalization
Social welfare

Communication channels

Information disclosure
Government meetings
Policy suggestions
Site visits
Daily communication and reporting
General Meeting of Shareholders
Periodic reports and announcements
Investor hotline
Performance briefing and other communication activities
Questionnaire
Quality monitoring system
Social media, etc.
Supplier conference
Questionnaire
Project cooperation
Industry exchanges
Business negotiation
Labor Union
Employee survey
Employee training
Symposiums, talks, etc.
Daily communication
Volunteer service
Information disclosure
Job fairs

Note: The time frame is deﬁned as short-	of 24 sustainability-related issues, including 8 environmental issues, 12 social issues and
4 governance issues.
term (within 3 years [inclusive]), medium-

term (3 years to 5 years [inclusive]) and long-	The Company initially identiﬁes and analyzes the actual and potential impacts, risks and
term (more than 5 years).	opportunities related to sustainability issues, as shown in the table below.
Dimension	Huaxin Cement's sustainable	Impact cycle	Positive	Negative	Risk	Opportunity	Corresponding to the topics of
development issues	impact	impact	the Guidelines
Environment	Environmental management	Short term	√	√	√		Environmental compliance
							management
	Tackling climate change	Long term	√	√	√	√	Climate change tackling
	Energy use	Medium and	√	√	√	√	Energy usage
		long term
	Water management	Medium and	√	√	√		Usage of water resources
		long term
	Waste management	Short term	√	√	√		Pollutant discharge
							Waste disposal
	Promote circular economy	Medium and	√			√	Circular economy
		long term
	Green and environmentally	Long term	√			√	Company supplementary topics
	friendly products
	Biodiversity and natural	Medium and	√	√	√	√	Ecosystem and biodiversity
	resource conservation	long term					protection
Society	Product quality and safety	Medium and	√	√	√	√	Safety and quality of products
		long term					and services
	Protection of customer rights	Medium and	√	√	√	√	Safety and quality of products
		long term					and services
							Data security and customer
			√			√	privacy protection
	Diversity, Equity & Inclusion	Medium and			Employees
		long term
	Labor rights	Medium and	√	√	√	√	Employees
		long term
	Occupational health and	Short term		√	√		Employees
	safety
	Communication and caring	Medium and	√			√	Employees
		long term
	Development & Training	Medium and	√			√	Employees
		long term
	Scientiﬁc and technological	Medium and	√			√	Innovation-driven
	innovation	long term					Ethics of science and technology
	Supply chain management	Medium and	√	√	√	√	Supply chain security
		long term					Equal treatment to small and
							medium-sized enterprises
	Industry exchange and	Long term	√			√	Company supplementary topics
	development
	Rural revitalization	Long term	√			√	Rural revitalization
	Social welfare	Long term	√			√	Contributions to the society
Governance	Anti-corruption and clean	Short term	√	√	√		Anti-commercial bribery and
	government						anti-corruption
							Anti-unfair competition
	Corporate Governance	Medium and	√	√	√		Company supplementary topics
		long term
	Operate in compliance	Medium and	√	√	√		Company supplementary topics
		long term
	Risk management	Medium and	√	√	√		Due diligence
		long term

Huaxin Cement Co., Ltd

Impact materiality assessment results

We assess the impact of sustainability-related issues in terms of both the likelihood and severity of impacts. Among them, the possibility is evaluated from three perspectives: the scale of the impact, the scope and the irremediability.

2024 Environmental, Social and Governance (ESG) Report

Summary of the results of the double materiality assessment

Impact materiality assessment results

Highly important

Moderately important

Generally important

Degree of double materiality

Highly important

Moderately important

Generally important

Tackling climate change
Environmental management
Biodiversity and natural resource conservation
Corporate Governance
Labor rights
Occupational health and safety
Development & Training
Anti-corruptionand clean government

Risk management
Waste management
Green and environmentally friendly products
Product quality and safety
Diversity, Equity & Inclusion
Scientiﬁc and technological innovation
Protection of customer rights
Industry exchange and development

Energy use
Promote circular economy
Communication and caring
Supply chain management
Operate in compliance
Water management
Rural revitalization
Social welfare

Tackling climate change
Environmental management
Green and environmentally friendly products
Occupational health and safety
Biodiversity and natural resource conservation
Product quality and safety
Corporate Governance
Development & Training

9.	Scientiﬁc and technological innovation	17.	Waste management
10.	Supply chain management	18.	Promote circular economy
11.	Anti-corruption and clean government	19.	Protection of customer rights
12.	Operate in compliance	20.	Water management
13.	Energy use	21.	Diversity, Equity & Inclusion
14.	Labor rights	22.	Communication and caring
15.	Industry exchange and development	23.	Rural revitalization
16.	Risk management	24.	Social welfare

Huaxin Cement Materiality Issue Matrix

Environmental lssues		Social issues		Governance issues

Financial materiality assessment results

Highly important

We assess the ﬁnancial importance of sustainability-related issues in terms of the likelihood of the impact and the extent of the ﬁnancial impact, taking into account three- time cycles: short-term (within 3 years [inclusive]), medium-term (3 to 5 years [inclusive]), and long-term (more than 5 years).

Moderately important

Generally important

Impact materiality

Environmental management
Tackling climate change
Green and environmentally friendly products
Product quality and safety
Occupational health and safety
Operate in compliance
Scientiﬁc and technological innovation
Corporate Governance

Biodiversity and natural resource conservation
Supply chain management
Energy use
Development & Training
Anti-corruptionand clean government
Promote circular economy
Industry exchange and development
Risk management

Water management
Protection of customer rights
Labor rights
Waste management
Diversity, Equity & Inclusion
Communication and caring
Rural revitalization
Social welfare

										2
							5
							7
								4
		14				8


		16	11
						3
21	17							9
							6

				15

		19					10
					13				12

22			18

		20

Financial materiality

Huaxin Cement Co., Ltd2024 Environmental, Social and Governance (ESG) Report

Environmental Protection First,	SDGs

Build a Low-Carbon Future

The Company implements the requirements of national ecological civilization, promotes cleaner

production, and builds a green factory. We increase resource recycling and promote sustainable01 development of ecology. Huaxin Cement launches green products to drive green development

with scientiﬁc and technological innovation. We actively respond to climate change and protect biodiversity, explore new models of green operation, and contribute to the realization of the national "dual carbon" goal.