Sustainability Report (OWM qO4k nY1)

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 00813.HK)

Shimao Group Holdings Limited

About Shimao Group 2

Message from the Chairman 2

Company Introduction 5

About the Report 6

Materiality Assessment of ESG Issues 6

Sustainable Development System 9

Environment 11

Building a Green Future, Steadfastly Forging Ahead 11

Climate Change 23

Biodiversity Conservation and Restoration 31

Energy Consumption 32

Water Resource Utilisation 35

Waste Management 37

Social 40

Employees 40

Suppliers 51

Users 55

Product Responsibility 60

Anti-corruption and Business Ethics 61

Social Responsibility 66

Appendix 71

HKEX ESG Reporting Framework Index 71

HKEX Climate-related Disclosures Index 72

Performance Summary Table (Environment) 74

Performance Summary Table (Social) 76

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‌Message from the Chairman

Integrity and innovation to build a new journey for Shimao's century

The tide of the times surges forward, and global environmental and social challenges continue to evolve. Based on long-term development, Shimao Group profoundly practices its corporate responsibility, deeply integrates steady operation and sustainable development, adheres to its original mission, anchors the centennial goal, responds to the call of the times with hard work, and creates a more prosperous and sustainable development future for future generations.

Steady operation is the core foundation of the company's stable and long-term development, and it is also the lifeline of Shimao Group's development. We always carry the concept of stability throughout the entire operation process, strive to build a sound and perfect management system, strengthen internal control efficiency, and achieve optimal resource allocation and all-round risk prevention and control. In terms of green operations, we adhere to the concept of low-carbon development, focusing on improving efficiency and reducing energy consumption, reducing resource waste through process optimisation and technological innovation, and promoting the transformation of our operating model to green and sustainable. In terms of risk prevention and control, we build a comprehensive and three-dimensional risk management system to accurately identify, scientifically evaluate, and efficiently respond to various potential risks, so as to build a solid safety defence line for enterprise development. At the same time, we will actively introduce advanced technologies and innovative methods to continuously improve operational efficiency and environmental performance, and achieve two-way empowerment and coordinated development of economic and ecological benefits.

With more than 30 years of experience in the real estate field, Shimao has witnessed the iteration of Chinese cities as a city builder, leading the development of many iconic landmarks and super city complexes, adhering to the original intention of quality, building projects with high standards, developing environmentally friendly buildings, putting product quality and service first, and striving for excellence to fulfil customer promises. Delivery capability is a reflection of a company's strength and accountability. From 2022 to 2025, the Group has delivered a total of 281,000 units in 278 projects in 93 cities. At the same time, it will stabilise its main business and diversify its layout, expand businesses such as business entertainment, property management, and hotels, consolidate the "second curve" of development, and inject momentum into the century-old development. In the future, Shimao will uphold the concept of "integrity and innovation, build a century together", take stability as the foundation, quality as the soul, and innovation as the wing, deeply cultivate the main business, diversify empowerment, practice sustainable development, coexist with the city, walk with the times, and write a new chapter in a hundred years.

Green future: a new picture of liveability through low-carbon ecology

Ecological prosperity leads to civilisation, and green beauty leads to development beauty. Shimao knows that the high-quality development of the real estate industry is never a simple expansion of scale, but a sustainable path of harmonious coexistence with nature and resonance with the city at the same frequency. We have always implemented the concept of green and low-carbon throughout the entire life cycle of project design, development and construction, operation management, and asset renewal, actively benchmarking the national strategic goal of "3060 carbon peak and carbon neutrality", strictly abiding by various environmental protection laws, regulations and standards, and actively responding to international sustainable development initiatives, so that every building becomes a carrier of green practices and every community becomes a sample of ecological liveability.

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We strictly implement national regulations, including the "Assessment Standard for Green Building" and comprehensively promote land conservation, energy saving, water conservation, material efficiency and improvements in indoor environmental quality; from the extensive application of green building materials such as aluminium alloy formwork and ALC wall panels to continuous achievements in authoritative certifications including LEED, China Green Building Label and WELL, the Group's total green building area reached 94.1218 million square metres in 2025, with these impressive figures demonstrating Shimao's steady progress in green development. We empower green operations through smart technologies, establish an efficient energy management system, implement green leasing models, and collaborate with upstream and downstream supply chain partners to drive low-carbon transformation. We attach importance to biodiversity conservation, strictly adhere to ecological redlines, promote lakeside ecological restoration, integrate buildings into nature and revitalise cities with vitality.

Facing the global issue of climate change, Shimao proactively incorporates climate risks into the core of corporate governance, identifies and manages risks in accordance with international frameworks such as TCFD and IFRS S2, and formulates clear goals for emission reduction, energy conservation, and water conservation, and takes systematic measures to address extreme weather and environmental challenges. From the refined control of green construction to the resource utilisation of waste, and from clean energy applications such as solar energy to energy conservation and consumption reduction in all office and operation scenarios, we always have a sense of reverence for nature, protect the blue sky and clear water with practical actions, and contribute Shimao's strength to the construction of a beautiful China.

Warming hearts: taking humanism as the core and building a solid foundation for social harmony and stability

The ultimate meaning of enterprise development is to serve people, achieve people, and warm people. Shimao has always adhered to the "people-oriented" approach, putting the needs of employees, customers, partners and the public first, connecting each other with responsibility, and gathering strength with warmth to build a beautiful ecology of co-construction, inclusion, and sharing.

We regard employees as our most valuable wealth, strictly abide by the bottom line of labour rights and interests, adhere to diversity, inclusion, fairness and justice, and build a comprehensive training system covering cadre training, professional improvement, and new employee growth and, through the Shimao Academy App, ensures that learning is available ubiquitously. We continue to improve the compensation and welfare and employee care mechanisms, carry out a variety of cultural and sports activities, create a healthy and safe workplace environment, strictly implement the ISO 45001 Occupational Health and Safety Management System, and protect the safety and happiness of every employee with the safety results of zero work-related deaths and low injury rates.

We regard our customers as our eternal partners and fulfil our commitment to high-quality delivery. We have created a "4C" healthy home system and smart community 2.0, from contactless homecoming routes to activity spaces for all ages, from strict indoor air quality control to community ecological landscape creation, to improve the living experience in an all-round way. We establish an efficient customer complaint handling mechanism to win customer trust and recognition through proactive service and quick response. At the same time, we strictly adhere to the bottom line of product quality, strengthen quality control throughout the entire process, respect intellectual property rights, and protect user rights and interests with high-quality products.

We regard the supply chain as a community with a shared future, formulate strict supplier code of conduct, adhere to compliant procurement and honest cooperation, embed environmental and social responsibility requirements into the entire supply chain management process, and grow hand in hand with high-quality suppliers and contractors to build a trustworthy and sustainable industrial ecosystem.

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We care about the society and the public, actively fulfil our social responsibilities, devote ourselves to public welfare and charity, and care for special groups of "one old and one young". We provide heart-warming services such as free physical examinations and anti-fraud training for the elderly, and create a colourful activity space and growth platform for children, which is warm and reaches people's hearts. We use quality communities as a link to create harmonious neighbourhood relationships, build all-age-friendly and vibrant life scenes, so that everyone living in the Shimao community can feel happy and belong.

Integrity as foundation: taking governance as the framework to lead the long-term healthy development of the enterprise

With integrity as the foundation, incorruptibility as the cornerstone, discipline as the guiding principle and governance as the path to prosperity, Shimao has always regarded compliance management, integrity and self-discipline as the fundamental guarantee for the stability and long-term development of the enterprise, established and improved the governance structure led by the board of directors of the Company (the "Board of Directors" or "Board"), coordinated by the ESG Management Committee, and coordinated implementation by various departments, strengthened risk control and internal supervision, and built a solid line of defence for corporate governance with high standards.

We strictly abide by various national laws and regulations, issue the "Shimao Group Corporate Code of Conduct", "Anti-corruption Reporting Policy" and other systems, requiring all employees to sign the Code of Professional Ethics and achieve a 100% signing rate. We require all suppliers to sign a commitment to integrity to eliminate commercial bribery and unfair competition, and to create a clean business environment. We strengthen digital risk management and control, improve internal audit and supervision mechanisms, have zero tolerance for corruption, and strictly require compliance to ensure that corporate operations are transparent, standardised and orderly.

We understand that good governance is not only the improvement of the system, but also the penetration of culture. We continue to carry out integrity training and publicity, strengthen the compliance awareness of all employees, and make honesty, incorruptibility and responsibility the conscious pursuit of every Shimao person, providing a solid guarantee for the sustainable development of the enterprise.

Looking ahead, Shimao will remain responsible and reverent, with green development as our foundation, people-oriented care as our focus, and sound governance as our guarantee. With higher aspirations, more practical actions, and firm commitment, we will strive for long-term, high-quality progress. Together with stakeholders, we will build a greener, healthier, and more harmonious sustainable future, contributing to urban development, industrial progress, and national prosperity.

Hui Sai Tan, Jason

Chairman and President

Hong Kong, 27 March 2026

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‌Company Introduction

Shimao Group Holdings Limited (the "Company", stock code: 00813.HK) has been engaged in the real estate industry since 1989. With over 30 years of intensive development, the Group has established a presence in more than 100 core cities nationwide, with business covering real estate, commerce, property management, hotels, themed entertainment, culture and other sectors. Aligning with national development strategies, the Group continuously delivers high-quality experiences to customers in residential, living, consumption, business, tourism and other fields, leads lifestyle upgrades through diversified business layout, and strives to meet people's needs for a better life.

Corporate Honours

This year, Shimao Group also won a number of prestigious awards in the industry for its commercial and hotel projects. In the Commercial sector, the Group received the 2025 Top 10 Shopping Mall Operators, the 2025 Top 20 Commercial Office Operators, and a number of shopping mall industry excellence awards issued by China Purchasing Association. It was honoured by authoritative institutions, including the Commercial Real Estate Magazine and GBE Architectural Information and BANG Media with the Commercial Space Design Award, the Future Business Award, the Best Urban Landmark Complex Award, and the Innovative and Dynamic Commercial Space Award, etc. In its hotel sector, several branded hotels under the Group, including Hilton, InterContinental and Sheraton, have also received prestigious awards from domestic and international institutions such as Meituan, Ctrip, Fliggy, Forbes Travel Guide and Marriott International. These awards include Popular Restaurant, Influential Hotel, Outstanding Hotel, Best Conference Hotel and Outstanding Food and Beverage Operation. Selected certificates are presented below.

"2025 Commercial Real Estate Enterprise Performance Award"

"2025 Model of Urban Landmark Complex of the Year"

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‌About the Report

Content of the Report

This report is the 10th sustainability report released by Shimao Group, presenting the Group's management effectiveness and impact at the environmental, social and economic levels, comprehensively disclosing its performance in sustainability and corporate social responsibility, and explaining its future development strategies and goals.

Scope of the Report

The report covers the period from 1 January 2025 to 31 December 2025 (the "reporting period"). The reporting boundaries cover Shimao Group's headquarters and its subsidiaries (collectively, "Group", "Shimao", "Shimao Group", "we", "us" or "our"); Some data does not include Shimao Service Holdings Limited ("Shimao Service", stock code: 00873.HK), please refer to the specific scope of application in each chapter.

Reporting Guidelines

This report has been prepared in accordance with the Environmental, Social and Governance Reporting Code (the "ESG Reporting Code") in Appendix C2 of The Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited ("HKEX" or the "Stock Exchange") in effect during the reporting period.

Publishing Method

The report is available in both English and Chinese and has been uploaded to the official website of Shimao Group (https://www.shimaogroup.hk) and the Stock Exchange's news website (https://www.hkexnews.hk). In the event of any discrepancy between the English and Chinese versions, the Chinese version shall prevail.

‌Materiality Assessment of ESG Issues

Shimao Group regularly conducts materiality assessments of ESG issues and formulates a matrix of materiality issues to ensure that ESG management is highly aligned with the Group's development strategy, capital market expectations, and stakeholder needs. In 2025, the Group's ESG Management Committee decided to continue adopting the list of ESG materiality issues and the importance level of each issue as determined in the previous years after referring to the mainstream ESG rating indexes in the capital market, drawing on industry best practices, and comprehensively considering the expectations and requirements of various stakeholders. Shimao Group will continue to respond to major issues of concern to all stakeholders and continue to enhance stakeholders' recognition and satisfaction with the Group's ESG management work through solid execution and implementation.

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Communication with Stakeholders

Shimao Group identifies employees, investors, users, contractors and suppliers as core stakeholders, which are an important part of the Group's business ecosystem and play a crucial role in the Group's sustainable development. Based on this, the Group has not only established a complete and standardised communication mechanism but also built an efficient communication bridge through diversified interactive forms to ensure close contact with all core stakeholders, listen to their needs and respond to their demands in a timely manner, and achieve win-win development.

Material Issue Selection Process

In order to assess ESG-related risks and sustainability issues, and to understand and respond to the expectations of various stakeholders regarding ESG work, we conducted the following materiality assessment during the reporting period:

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Importance to Stakeholders

This Year's Material Issues

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‌Sustainable Development System

Sustainability Commitment

Shimao adheres to the cultural concept of shaping a century-old enterprise, with the core purpose of practicing corporate social responsibility and helping people achieve a better life, injecting sustainable development genes and strong endogenous power into the Company's high-quality development, continuing to lead a quality lifestyle, and serving a better life with heart.

Sustainable Development Governance

Shimao Group attaches great importance to sustainable development and climate-related governance, closely aligns with international and domestic regulatory trends, continues to expand the scope of regulatory coverage, builds a comprehensive management system covering sustainable development, climate change, environmental risks, social responsibility and corporate governance, and establishes a three-level operation mechanism of "decision making level - management level - execution level", and promotes the implementation of various tasks with systematic, standardised and full-chain control to fully ensure scientific soundness, balance, and effectiveness of environmental, social, governance, and climate-related decision-making.

The ESG Management Committee performs relevant management duties, and reviews and reports to the Board on sustainability-related strategies, risks and performance at least once a year. Based on the content of this report, the Board of Directors regularly assesses the impact of climate risks on the Group's business strategy, financial planning and long-term development resilience. The core content of the Committee's report includes: identifying sustainability priorities and being responsible for strategic deployment at the group level. In addition, it is also responsible for evaluating the effectiveness of the sustainability management structure, determining the probability and impact of various identified sustainability risks, ensuring that relevant risks are controlled in a way that aligns with the Group's risk appetite, and providing comprehensive support for the Board of Directors to carry out climate risk-related assessments and decisions.

Under the supervision and guidance of the ESG Management Committee, the Group has established an ESG Working Group as an inter-departmental coordinating body to coordinate various functional departments and business segments of the Group to carry out ESG and climate-related target formulation and follow-up, policy system establishment and refinement, information and data management and disclosure, and climate change-related management. The members of the working group are composed of representatives appointed by various functional departments, and are divided into five task forces: Green Building and Environmental Management Group, Cooperative Management Group, Employee Care and Occupational Health and Safety Group, Governance Working Group, and Community Development Group, to comprehensively ensure the stable operation of various management mechanisms and the effective implementation of various objectives.

The Group will continue to strengthen the management of environmental, social, governance and climate-related indicators, actively respond to the opportunities and challenges brought about by climate change, continuously improve environmental performance, social value, climate resilience and management efficiency, and further enhance the Group's comprehensive influence and core competitiveness in the fields of sustainable development and climate governance.

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• The highest decision-making body

  ESG Management Committee

  As the authority for the overall management of ESG of the Company, the ESG Management Committee is composed of the Company's senior management, the chairman is a member of the Board of Directors, and the standing members are senior management of the Group. The Committee assists the Board in reviewing the Group's climate change-related matters and various major ESG issues, as well as reviewing ESG reports, frameworks and systems, and following up on the achievement of key ESG goals and performance. The committee reports directly to the Board.

• Overall management body

  ESG Working Group

  As the main coordinating and communication body for ESG work, under the supervision and guidance of the ESG Management Committee, it coordinates the formulation and follow-up of ESG and climate-related targets, policy setting and improvement, information management and disclosure, and climate change-related management matters with the Group's various functional departments and business segments. The members of the working group are composed of representative appointed by various functional departments.

• Coordinating and communication body

  Governance Working Group

  Employee Care and Occupational Health and Safety Group

  Cooperative Management Group

  Green Building and Environmental Management Group

  Community Development Group

  Sustainable Development Policy

  In response to the continuous attention of all sectors of society to Shimao Group's ESG performance, Shimao has formulated 9 sustainable development policies and announced them on its official website. Shimao continued to use these 9 sustainable development policies in 2025. Under the guidance of sustainable development policies, each ESG working group will improve ESG performance in their respective areas and implement corresponding optimisation measures. The policy is as follows:

  • Shimao Group Sustainable Development Policy General Program

  • Shimao Group Corporate Code of Conduct

  • Shimao Group Code of Conduct for Suppliers

  • Shimao Group Integrity and Whistleblowing Policy

  • Shimao Group Policy on Climate Change

  • Shimao Group Policy on Environmental Protection and Biodiversity

  • Shimao Group Policy on Community Management

  • Shimao Group Policy on Occupational Health and Safety Management

  • Shimao Group Policy on Human Rights

To view the electronic version of the policies, please visit the "ESG Policy Documents" on the page at https://www.shimaogroup.com/en/ESGOverview/.

Environmental, Social and Governance Section

To address the concerns of investors and stakeholders regarding ESG issues, Shimao Group has launched a dedicated sustainability section on its official website and WeChat public account. This section comprehensively presents the Group's sustainability development and ESG governance framework, policies and external recognitions, and details, by chapter, its specific initiatives and performance in areas including employee development, urban renewal, green buildings, sustainable supply chain, green leasing, business ethics and anti-corruption.

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‌Building a Green Future, Steadfastly Forging Ahead

As a practitioner and promoter of sustainable development in the real estate industry, Shimao Group has always deeply rooted the concept of green and low-carbon in the core of its development strategy, upheld the original intention of reverence for nature, symbiosis and co-prosperity, and implemented the concept of green development throughout the whole life cycle of project design, development and construction, operation management and asset renewal. We through concrete actions, promotes the high-quality development of green buildings, contributes to enhancing urban ecological liveability, and leverages its corporate strengths to advance global sustainable development. The Group strictly adheres to various national and local environmental protection laws, regulations and standards, proactively benchmarks against international advanced environmental protection standards, continues to deepen green building certification, promotion of green leasing models and implementation of green projects, and promotes the integration of green development concepts into every aspect of corporate operations.

Shimao deeply recognises that the research and development and promotion of green environmental protection products is the essential way for the construction industry to achieve transformation, and moving towards high-quality development. In the face of the opportunities and challenges brought by global climate change, the Group has always integrated environmental risk management into the core of corporate governance, continuously improving the environmental performance and energy efficiency of building products through innovative green design concepts, selecting environmentally friendly and low-carbon building materials, and implementing high-efficiency and energy-saving measures, so as to achieve the coordinated development of economic, environmental and social benefits. Adhering to the reverence for nature, Shimao actively responds to the national strategic goal of "3060 carbon peak and carbon neutrality", deeply cultivates the research and development and application of green technologies, and uses green buildings as the carrier and low-carbon technology as the support to build a green and liveable city where man and nature coexist harmoniously, and fulfils the responsibilities of the corporate era.

On the road to green operation transformation, Shimao adheres to the dual philosophy of "intelligent empowerment and sustainability", relies on cutting-edge digital technology to build an efficient energy management system, optimise resource allocation efficiency, and reduce energy consumption and environmental impact during the operation stage. At the same time, the Group actively collaborates with supply chain partners, tenants, landlords and other stakeholders to jointly promote the low-carbon collaborative transformation of the upstream and downstream of the industrial chain, share green development experience, explore new models of sustainable development in the real estate industry, and strive to become a benchmark enterprise for the green transformation of the industry. Every green practice and technological innovation is a vivid interpretation of Shimao fulfilling its social responsibility and building a beautiful home, and it is also the Group's firm practice of the principles of sustainable development.

Under the guidance of the "Shimao Group Policy on Environmental Protection and Biodiversity" and the "Shimao Group Policy on Climate Change", Shimao solemnly promises to continue to deepen collaboration with all stakeholders, and work with employees, landlords, tenants, suppliers and other partners to jointly promote energy conservation and consumption reduction, pollution reduction and ecological protection, and fully fulfil its corporate environmental and social responsibilities. In the future, Shimao will always adhere to the original intention of green development, deepen the green and low-carbon field with firmer determination and more pragmatic measures, continue to optimise green practices, and make unremitting efforts to build a more liveable, low-carbon, and sustainable urban living environment and promote the high-quality development of the industry.

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Green Building and Performance

Throughout the full process of new construction and renovation projects, Shimao Group strictly abides by current and effective national green building, energy conservation and environmental protection standards, including the "Assessment Standard for Green Building", "General Code for Energy Efficiency and Renewable Energy Application in Buildings", "General Code for Building Environment", "Code for Residential Projects", "Design Standard for Energy Efficiency of Public Buildings", "Design Standard for Energy Efficiency of Civil Building", "Standard for Water Saving Design in Civil Building" and "Assessment Standard for Green Retrofitting of Existing Building". The Group comprehensively promotes a full range of green building practices, including land conservation and outdoor environment optimisation, energy conservation and efficient energy use, water conservation and water resource recycling, material conservation and resource efficiency, and improvement of indoor environmental quality.

On the basis of complying with local building codes and requirements, Shimao develops high-quality green buildings tailored to the positioning and regional characteristics of each project, striving to create an energy-saving, low-carbon, efficient and liveable community environment where humanity and nature coexist in harmony. The Group strictly complies with national laws and regulations including the "Environmental Protection Law of the People's Republic of China", "Environmental Impact Assessment Law of the People's Republic of China", "Regulations of the People's Republic of China on Nature Reserves" and "Regulations on the Administration of Environmental Protection of Construction Projects". Taking compliance as the bottom line, the Group ensures environmental control over the full project lifecycle and supports urban sustainable development through concrete actions. The completion of each green building project embodies Shimao's commitment to corporate social responsibility and its pursuit of a better urban life.

• Abide by National Standards and Green Building Development Requirements

  Shimao Group has always actively responded to the national green and low-carbon development policy, closely followed the strategic deployment of energy conservation and carbon reduction in the construction field, and made every effort to promote the high-quality development of green buildings with resource conservation and environmental protection as the core, effectively meeting the people's growing needs for a better life. In accordance with the national standard "Assessment Standard for Green Building" (GB/T 50378-2019, partially revised version in 2024), which was officially implemented on 1 October 2024, and strictly aligning with the requirements of the "Work Plan for Accelerating Energy Conservation and Carbon Reduction in the Construction Sector" forwarded by the General Office of the State Council, Shimao strictly adheres to the following principles in green building practices to ensure that green practices are synchronised with national policies and industry standards.

  Uphold the Green Development Philosophy: Deeply implement the national "30·60 Carbon Peak and Carbon Neutrality" Strategy, and integrate green and low-carbon concepts throughout the entire life cycle of projects. Focus on energy conservation, carbon reduction, and ecological environmental protection, promote the in-depth integration of green building and energy-saving carbon reduction efforts, and support the green transformation and upgrading of the construction sector.

  Adhere to Site-Specific Evaluation: In the green building assessment process, strictly follow the principle of adapting to local conditions. Fully consider the climate characteristics, ecological environment, resource endowments, economic level, and cultural features of the building's location, and conduct a comprehensive evaluation of core performance indicators throughout the building's life cycle, including safety, durability, health and comfort, convenience of living, resource conservation, and environmental livability, ensuring green practices align with actual development.

  Strengthen Scientific Site Planning: Prioritise harmonious coexistence and mutual prosperity between buildings and nature. Fully explore and utilise the site's existing natural elements to optimise the overall layout of the building, rationally plan site greening and ventilation paths, and effectively improve natural ventilation, daylighting, and acoustic environments. Create harmonious, livable, and eco-friendly outdoor spaces that meet the core requirements of green building site design.

  Comply with National Standards: Adhere to all current national standards and regulations related to green building and energy conservation. This includes not only implementing the requirements of the 2024 edition of the "Assessment Standard for Green Building", but also proactively aligning with mandatory energy-saving and carbon reduction requirements in the construction sector. Ensure the simultaneous improvement of the building's green performance, environmental benefits, and comprehensive value, making positive contributions to sustainable social development.

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• Shimao's Green Building Goals and Performance

  In order to further lead and promote the high-quality development of the Group's green buildings and clarify the direction and standards of future green practices, Shimao Group has formulated green building development goals and solemnly made the following commitments for the optimisation of existing projects and future project development, so as to practice the concept of green and low-carbon development and fulfil its corporate environmental responsibilities:

  • Strengthen the implementation of green standards: Starting from 2022, all new projects will use China's basic green building level as the minimum development standard, and strictly implement relevant green building regulations, unless the project cannot meet the basic level requirements due to objective conditions, ensuring full coverage of green standards.

  • Deeply cultivate green certification systems: Proactively participate in authoritative international and domestic green building certifications, including LEED (Leadership in Energy and Environmental Design), China Green Building Label, and WELL (WELL Building Standard), to continuously enhance the green quality of projects and industry recognition.

    Green Building Performance This Year

    Cumulative Total Area of Green Buildings in 2024

    94,121,800 sqm.

    LEED Gold building

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    LEED Silver Building

    2

    Cumulative Number of Green Building Certifications in 2025

    China Green	China Green	China Green	China Green
    Building	Building	Building	Building
    Three-Star	Two-Star	One-Star	Basic Level
    6	110	363	51

    New Green Building Area in 2025

    Basic Level 224,900 sqm.

    One Star 95,000 sqm.

    Two Star 119,000 sqm.

    Green Building Highlights

    • Use of aluminium alloy formwork: realise construction flow operations and improve construction efficiency; reduce the common quality problems that are easy to occur in the wooden formwork process; provide strong bearing capacity and high structural safety performance. It is poured and formed in one go, with excellent flatness and high precision, and has the technical conditions for thin plastering.

    • Use of ALC wall panels without plastering: facilitate fast construction with good wall flatness, save 3%-5% of indoor space. There is no wetness during construction, and the environmental performance is excellent.

    • Plastic panels used for exterior wall insulation: improve the energy-saving effect of buildings and reduce energy consumption.

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      Building a green future with lightweight and high-performance building materials -sustainable practice of ALC wall panels in Ningbo Panhuo Project

Against the backdrop of advancing the green transition of the construction industry, section one of pilot a of the Project JD13-06-20 (East Railway Station - Panhuo Section) in Yinzhou District, has put the ESG philosophy into practice. Autoclaved lightweight concrete (ALC) panels have been selected as the core material for the internal partition wall system, establishing a demonstration case for green building applications.

This project is a commercial complex with a total construction area of 120,000 square metres, and ALC lightweight strips are widely used on the partition walls on the ground, and the whole process is dry operation, effectively reducing water consumption and construction pollution caused by onsite wet operations. ALC sheets have lightweight characteristics, which can greatly reduce the weight of buildings, reduce the load on the foundation structure and the amount of reinforced concrete, and achieve material saving and consumption reduction at the structural level. At the same time, with excellent thermal insulation performance, it significantly reduces the energy consumption of air conditioning during building operation, taking into account multiple advantages such as sound insulation, noise reduction, and fire safety, and comprehensively improves the building's green performance of buildings and the quality of the indoor environment.

From a sustainable perspective, ALC, as a silicate inorganic material, has a service life that matches the main structure of the building, which can greatly reduce the waste of resources for later maintenance and replacement. During the construction process, the amount of mortar is saved through thin-layer masonry, and with refined control such as spray dust reduction and unified recycling of leftovers, dust and waste emissions are effectively controlled, achieving two-way improvement in environmental benefits and project quality, and providing a replicable practice model for the green construction of commercial complexes.

In the construction project of the commercial and residential community of Sihui Shimao Zhenshan New Town, the Group actively promotes the construction technology of recyclable aluminium alloy formwork, and strictly compiles the "Safety Special Construction Plan" to complete the internal approval and submission to supervision unit to ensure the implementation of green construction technology through standardised construction processes. Compared with traditional wooden formwork, aluminium alloy formwork has the characteristics of high strength and high reuse rate, which can achieve multiple cycle turnover and reuse, greatly reduce the consumption of wood resources and the generation of construction waste, reduce the environmental impact of the construction stage from the source, and improve the construction accuracy and structural quality, achieve two-way improvement of green environmental protection and engineering quality, fully practice the development concept of green buildings, and provide a practical model for energy conservation, carbon reduction and sustainable construction in the construction field.

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Healthy Building

Shimao Group attaches great importance to the harmonious coexistence of architectural space and users' health and well-being. Focusing on improving indoor environmental quality and optimising thermal comfort, the Group is committed to creating a healthy and comfortable architectural experience for users. A number of the Group's office projects have successfully obtained the internationally recognised WELL Healthy Building Certification. Meanwhile, the Group strictly aligns with the national standards including the "Assessment Standard for Healthy Building" and the "General Code for Building Environment", fully demonstrating Shimao's professional capability and firm commitment in the field of healthy buildings.

• WELL Healthy Building Certification

  Adhering to the core philosophy of mutual prosperity and coexistence between buildings and users' health and well-being, Shimao strictly complies with the WELL building standard and national codes including the "Assessment Standard for Healthy Building" (T/ASC 02-2021) and "Indoor Air Quality Standard" (GB/T 18883-2022), comprehensively upgrading building health standards and continuously optimising them to meet the health needs of residential and office users. The Group effectively controls the concentration of indoor volatile organic compounds and maintains indoor PM2.5 levels steadily at 15 μg/m³, significantly exceeding the requirements of national standards, and creates a high-quality fresh air environment to earnestly safeguard

  Green Healthy

  Intelligent

  the physical health of users.

  Supported by the five major biological synergy systems and four smart powers, the Group integrates ecological office systems such as fresh air systems, indoor environment creation, health standard control, energy control, energy consumption monitoring, water conservation and rainwater recycling, and new energy parking, setting a new benchmark for the integration of "Green + Healthy

  + Intelligent" and building a liveable, healthy and efficient space experience for users.

• Shimao's "4C" Healthy Home System 1.0

  With the four core concepts of Carefree, Convenient, Comfortable, and Community, Shimao has created the "4Cs" Healthy Home System 1.0. The system takes "companionship" as the core value, integrates 16 core technologies and 147 specific implementation plans, and fully reflects the refined care for users. The high-end standards of this system can be directly benchmarked against WELL certification and China Healthy Building Certification, bringing users a high-quality living experience and a healthy living environment.

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• Shimao Smart Community 2.0

Shimao continues to promote the implementation of smart communities, and is committed to creating liveable, healthy, and humanised smart life scenarios, and through multiple health intelligent systems and product iterative upgrades, it builds a safe, convenient, and comfortable community experience for customers, specific measures include:

1. Elevator health and safety: The elevator is equipped with a ventilation system as standard, and the optional automatic induction ultraviolet disinfection lamp automatically starts disinfection when no one is around, ensuring the health and safety of the elevator environment.

2. Safety monitoring and protection: Intelligent monitoring is set up in dangerous areas such as community water features, automatically alerting and notifying the property management personnel when someone enters, strengthening community safety.

3. Ecological landscape creation: Colourful ornamental plants are selected according to climate and plant characteristics to create a four-season landscape and aromatherapy environment. The garden is dominated by evergreen plants, which release oxygen 24 hours a day, achieving the ecological effect of flowers in three seasons and scenery in four seasons.

4. Air quality management: The underground garage is equipped with carbon monoxide detection devices, which automatically start fan ventilation when the concentration exceeds the standard to ensure basement air quality.

5. Barrier-free facilities: Barrier-free systems are installed on community roads, green spaces, building entrances, and residential elevators to ensure convenient travel for residents of all ages.

6. Multi-functional public space: Set up complex spaces such as leisure, entertainment, and fitness on the overhead floor to enrich community activity scenes.

7. Energy-saving lighting system: The public area adopts sound-light control energy-saving light sources, which automatically turn off when no one is around, achieving energy-saving, environmental protection and intelligent management.

Covering an area of 15,584 square metres and a total construction area of 89,232 square metres, Sanya International Financial Centre has obtained the two-star green building certification. The project comprehensively utilises a variety of green building technologies to significantly improve the building's energy-saving and environmental performance while creating a healthy and comfortable indoor environment for users, successfully establishing a regional green building demonstration model, and fully implementing the concept of ESG green development.

Energy-saving design and green building materials application

The project strictly controls the standards in energy-saving design, with exterior windows reaching the high requirements of airtightness level 6, wind pressure resistance level 4, and watertightness performance level 3. Highly effective insulated materials are used on both the building's exterior walls and roof, effectively reducing energy consumption during building operations. At the same time, it adheres to the concept of green environmental protection, with the application ratio of green building materials reaching 40%, reducing the impact on the environment from the source of materials and promoting low-carbon development throughout the construction cycle.

Resource recycling and clean energy utilisation

The project fully applies prefabricated building technology to effectively improve construction efficiency while significantly reducing the generation of construction waste. A rainwater recycling system is set up to use the recycled rainwater for green irrigation and road washing to achieve efficient conservation and recycling of water resources. Simultaneous installation of solar photovoltaic systems provides partial clean electricity for building operations, further optimising the energy structure and reducing carbon emission intensity.

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Green Construction

To uphold the concept of green construction, Shimao strengthens on-site environmental management throughout the construction process, focusing on key aspects including dust control, material management and site standardisation. Through systematic and refined management, the Group mitigates the impact of construction on the surrounding environment and achieves coordinated progress between environmental protection and construction schedule. The specific measures are as follows:

Comprehensive Management of Construction Sites

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Enclosed Management and Barrier Installation

Shimao implements closed management of all construction sites and sets up closed barriers according to site location specifications: construction sites located in the main sections of the city are equipped with closed barriers with a height of not less than 2.5 metres and not less than 1.8 metres on general roads sections. The fences are sturdy, stable, clean, and aesthetically pleasing, effectively isolating the construction area from the outside world and minimising the impact of construction on the surrounding environment and residents' daily lives.

Construction Material Management

Shimao strengthens the management of the whole process of construction materials, strictly follows the requirements of the overall layout of the construction, and implements partitioned and classified stacking of building materials, components, machinery and equipment to ensure that the site is clean and orderly. If concrete or mortar mixing is required on site, the relevant areas will be enclosed, dust and noise reduction treatments will be adopted to avoid environmental disturbances. For fine-grained materials such as cement that are prone to dust, take airtight storage or cover protection measures to effectively reduce dust pollution.

Refined Dust Reduction Operations

Shimao regards dust control as a key task for green construction and implements special dust reduction measures for different construction procedures: fully implement dust suppression requirements during earthwork operations, carry out regular cleaning and sprinkler of dust on the main roads of the construction site to effectively control the spread of dust. During the demolition of buildings or structures, through isolation and protection, continuous sprinkling, etc., both noise reduction and dust reduction are taken into account, and construction waste is cleaned up in a timely manner. For dust-prone processes such as milling and cutting, special dust suppression measures are taken to prevent dust drift. Gray soil and inorganic binders are entered by ready-mix method, and water is continuously sprinkled to reduce dust during the rolling construction period to control dust pollution in an all-round way.

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Noise and dust

Automatic

Construction fencing

monitoring system spraying system

Dustproof and noise

reduction protection of construction equipment

3. Implementation results

Through the combination of standardised on-site control and intelligent dust control, the project effectively reduces construction dust and air pollutant emissions, effectively improves the on-site operating environment, and creates healthy, safe and comfortable working conditions for front-line labour personnel. This practice takes into account the efficiency of engineering construction and ecological environmental protection and provides a replicable and generalisable model for energy conservation and environmental protection management of large-scale hub construction projects.

Road Cleaning

Shimao attaches great importance to the cleaning and maintenance of roads outside the construction site and regularly conducts special training on operating specifications and safety awareness for employees to continuously improve the quality of cleaning. By optimising the cleaning process, scientifically configuring the ratio of manual and mechanical operations, standardising operating standards, and comprehensively using diversified operation methods such as flushing, brushing, suctioning, and sweeping, the quality and efficiency of off-site road cleaning are comprehensively improved. At the same time, we will actively promote the mechanised operation mode to promote the steady increase in the road mechanised cleaning rate, thereby realising the standardisation and efficiency of cleaning and maintenance work, and further improving the regional environmental appearance.

With green construction as the core, the Dalian Longhe Project implements ESG concepts from four dimensions: dust control, noise control, waste recycling, and green building materials application, achieving a win-win situation of eco-friendliness and energy conservation and cost reduction, and providing the industry with replicable green construction samples.

1. Finely control dust and protect regional air quality

   The project builds an "active prevention and control + real-time monitoring" system, equipped with fog cannon equipment to suppress dust, monitor PM10 concentration 24 hours a day, ensuring that the average daily concentration meets local environmental protection standards, and reduce the impact on the surrounding environment.

2. Scientific noise control and harmonious coexistence between construction and livelihood

The project has established noise monitoring points and adopted strict time-based control measures to ensure that noise levels do not exceed 70dB in the daytime and 55dB at night. By optimising construction processes and adopting low-noise equipment, the project has achieved harmonious coexistence between construction activities and local residents.

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