Sustainability ReportSustainability Report
Contents
Introduction 01 Sustainable Corporate 01 Solutions of Higher 03 Responsible Industry 05
Governance Quality Co -construction
Deepening Corporate Governance 23
Creating Quality Services 67 Promoting Win -Win Cooperation 101
Message from Chairman 03
Upholding Party Leadership 24
Promoting Technological Innovation 73 Co -creating Social Value 106
Deepening Integrity Building 27
Statement of the Board of
05
Directors Green Solutions 79 Implementing Compliance Operation 34
About us 07
Sustainability Governance 09 Green Circular Product 02 Comprehensive Talent 04
Philosophy Development
Future Outlook 111
Addressing Climate Change 41
Improving Intrinsic Safety 83
Honors and Awards 17
Promoting Circular Economy 55 ESG Key Performance Table 113
Safeguarding Employee Rights 89
Protecting Ecological Environment 59 Index Table 125
Key Performance in 2025 19
Strengthening Environmental
61 Supporting Employee Development 94
Management Feedback 127Sustainability Report
Introduction Terms and definitions
During the Reporting Period the following terms shall have the definition sstated below unless otherwise indicated:
This report describes the performance of Beijing New Building Materials Public Limited Company (hereinafter referred to as
"BNBM" "the Company" or "we") in sustainabilit aynd social responsibilit yfulfillmen tin 2025 aiming to facilitat ceommunication
"China" The People's Republic of China
with stakeholders and respond to their concerns . The Board of Directors of BNBM is fully responsible for the Company's
sustainable development and the report has been reviewed and approved by the Board of Directors."ESG" Environmental Social and Governance (ESG)
General Secretary Xi Jinping proposed that "China will scale up its Intended Nationally
Determined Contributions by adopting more vigorous policies and measures . We aim to
Reporting period "30.60" have CO 2 emissions peak before 2030 and achieve carbon neutrality before 2060 " at the
General Debate of the 75th Session of the United Nations General Assembly i.e. "Carbon
Peaking and Carbon Neutrality"
Unless otherwise specified the reporting period is from January 1 2025 to December 31 2025 (hereinafter referred to as "the
year" or "the reporting period")."CNBM" China National Building Material Group Co . Ltd."CNBM Company" China National Building Material Company Limited
"Dragon Brand Company" Beijing New Building Materials Public Limited Company Dragon Brand Company
Reporting scope
"Taishan Gypsum" Taishan Gypsum Co . Ltd.The entity of this report is Beijing New Building Materials Public Limited Company (BNBM) . The report mainly covers sustainabilit y
performance related to the Company's core business as well as related policies and management during the reporting period. "Dream Brand New Materials" Dream Brand New Materials Co . Ltd."BNBM Waterproof" BNBM Waterproof Co . Ltd."BNBM Coating" BNBM Coating Co . Ltd.Reporting cycle
"BNBM Carpoly" BNBM Carpoly Coatings Group Co . Ltd.The sustainabilit ryeport of Beijing New Building Materials Public Limited Company is an annual report released periodicall yevery
year. "International Company" BNBM International Company
Preparation basis
Report access
This report is prepared in accordance with the Shenzhen Stock Exchange Guidelines No . 17 for Self-disciplin eRegulation of Listed
Companies - Sustainabilit yReport (Trial )(hereinafter referred to as the Guidelines) the Shenzhen Stock Exchange Guidelines No . 3
The download links for the electronic version are listed below :
for Self-disciplin eRegulation of Listed Companies - Sustainabilit yReport Compilation (2026 Revision) and the Study on ESG
Special Report Compilation for Listed Companies Controlled by Central Enterprises issued by SASAC . It also refers to the Shenzhen Stock Exchange :https://www .szse.cn
Sustainabilit yReporting Standards (2022 ) released by the Global Reporting Initiativ (eGRI) the Guidance on Social Responsibility
Cninfo:www .cninfo.com .cn
(ISO 26000 :2010 ) issued by the International Organization for Standardization the National Standard Guidance on Social
Responsibility (GB/T 36000 ) and the United Nations' 2030 Sustainable Development Goals (SDGs). The evaluation results of The officia wlebsite of BNBM :https://www .bnbm .com .cn
material issues analyzed according to the reporting principles in the aforementioned guidelines and standards also serve as the
basis for selecting information for disclosure. This report is published in both Chinese and English. In case of any inconsistency
between the two versions the Chinese version shall prevail.Other ESG Information
Information description In addition to this report the Company has publicly released a series of ESG policy statements including the Environmental Policy
Statement Occupational Health and Safety Policy Statement Anti-Corruption Policy Statement Code of Business Ethics and
The historica linformation quoted in this report is final statistic. sIn case of any inconsistency between the financial information Conduct Human Rights Policy Statement Supplier Code of Conduct Sustainable Supply Chain Management Policy Statement
and the annual report the annual report shall prevail. Unless otherwise specified the financial figures in this report are Information Security and Privacy Protection Policy Statement and Tax Policy Statement which are detailed on the Company's
determined in CNY . officia wlebsite.
01 02Sustainability Report
Message from Chairman
Forging Nation Strength Engineering a Green Intelligent Future .In 2025 BNBM navigated significan tcyclica lheadwinds and structural market shift.s By
executing our "One Body Two Wings and Global Layout" strategy we delivered resilient high-
quality growth demonstrating our abilit yto thrive even in challenging environments . Our
progress is underpinned by three core pillar:s Robust governance green transformation and a
people -centric organizational culture.This year we consolidated our foundational governance framework and achieved landmark strategic milestones to lay out This year we rallied our people through a human -centric culture upheld safety as our absolute bottom line and
an inspiring blueprint for future growth . We embedded our core values into a unified corporate governance system upholding put our employees at the heart of our development building a new ecosystem of diversity and inclusion.the deep integration of Party building leadership and corporate governance . Through the implementing our Nine -Grid Adhering to the principle of "people first lif efirst" the Company has comprehensively advanced the development of
Management Approach we streamlined our organizational structure and enhanced decision-making mechanisms to elevate Level 1 Work Safety standardization. We rolled out the Anzhitong intelligen tsafety system across 108 enterprises
governance efficienc.y Deepening our strategic roadmap of the "Four Transformations" the Company is spearheading a achieved zero work -related fatalitie sand continuously fortifie dour defense lines for safety and environmental
comprehensive pivot from commercial to residential urban to rural base materials to surface finishes and products to integrated protection. We streamlined our organization into a flat agile structure to drive internal vitalit. yOur global expansion
services. This pivot has accelerated our evolution from a green building material manufacturer into a provider of systemic continues to outperform : our new bases in BNBM Tanzania BNBM Central Asia and BNBM Thailand all achieved
solution-based services. Our core business segments —gypsum board waterproofing and coatings—delivered strong synergies profitabili twyithin their firs tyear of operation. We actively participate in cross-cultural integration pilot programs with
further consolidating our "One Body Two Wings and Global Layout" development pattern. Our operating performance remained BNBM Tanzania and BNBM Central Asia selected as pilot entitie sby SASAC setting benchmarks for Chinese brands
firmly at the forefront of the industry. In 2025 the Company was included in the lis tof the "Central Enterprises Brand Guidance expanding globally. We remain committed to our social responsibilitie sfocusing on rural revitalizatio nand
Action" the restructuring case of BNBM and Carpoly was inducted into the case library of Tsinghua University School of educational assistance and philanthropy continuously giving back to the communities where we operate. Our goal is
Economics and Management and the brand influence continued to rise steadily. From laying a solid foundation to building inclusive growth —creating shared value of BNBM that benefits society at large.surging momentum we have answered the call of our times writing a vibrant dynamic BNBM chapter amid the tide of industry
development . We have navigated the most difficul tchallenges and are now beat the drum to set
This year we leveraged sustainability as our primary engine for growth and long -term value creation. Sustainability is no sail for a new voyage .longer an option but integrated into our entire value chain under the “Green Building Future” philosophy . In 2025 our Looking back at 2025 the stabilit oyf our governance underpinned our growth momentum green initiative dseepened
comprehensive energy consumption per CNY 10000 output value decreased by 0.74% year-on -year. Non -fossi lenergy our transformation and our human -centric culture li tup our path forward . In 2026—the inaugural year of our 15th
consumption reached 134 400 tons of standard coal equivalent while installed photovoltaic power generation capacity grew by Five-Year Plan—we will anchor our focus on the key tasks for the start of the plan period. With innovation as our enabler
80.9% and on -grid photovoltaic power supply increased by 99.6% year-on -year respectively. The Company continuously green development as our foundation synergy as our path and Party building as our guarantee we will strive to build
improves its green manufacturing system and drives the development of new productive force through scientifi cand a world -class demonstration enterprise with outstanding products a preeminent brand leading innovation and
technological innovation. We established the Central Research Institute built a three-tier scientifi acnd technological innovation modern governance contributing stronger BNBM to the high-quality development of the global building materials
system tackled ‘bottleneck’ technologies and successfully built China‘s firs tintelligen tgypsum board production line with industry!
independent intellectua lproperty rights. We maintained an R&D intensity of 4.13% holding 7674 authorized patents and
participating in 318 international national and industria lstandards . We have struck a resounding BNBM chord of "intelligen t
manufacturing for the future green power for China" in the wave of global industria ldevelopment .
03 04Sustainability Report
Statement of the Board of Directors
The Board of Directors of BNBM actively embraces the concept of sustainable development and continuously improves
the ESG management system to drive the Company's sustainable growth . As the highest decision-making authority for
sustainable development the Board of Directors is fully responsible for the Company's sustainable development
strategy and coordinates the ESG management efforts on this basis.The Strategy and ESG Committee of the Company is responsible for the overall coordination supervision and
management of the Company's ESG strategies policies and objectives as well as the identificatio nof related risks and
opportunities. The Committee also regularly reports to the Board of Directors on major ESG matters and ensures that
the Board of Directors is well-informed of the work progress on important ESG matters. The Board of Directors regularly
listens to and reviews reports from the Strategy and ESG Committee on ESG work progress and provides guidance on
the ESG policies. Relevant management of the Company is responsible for the implementation of the ESG strategies
and objectives and regularly reports to the Strategy and ESG Committee on major ESG matters. The Company
organizes relevant institution sto provide special training for the Board of Directors from time to time to help the
Board of Directors to understand the latest ESG trends and outstanding ESG practices. Placing great emphasis on the
communication with stakeholders on ESG matters BNBM identifies evaluates and manages important ESG matters in
a proactive manner . For specific governance structures and assessment results please refer to the Sustainabilit y
Governance chapter of this report.ESG risk management is now an integral part of the Company's daily risk management system . Under the guidance of
the Strategy and ESG Committee all functional departments related companies and their branches and subsidiaries
identify and prevent significan tESG risks in their daily operations and production . The Strategy and ESG Committee
reviews the identificatio nof and response to the relevant risks and makes regular reports on risk management to the
Board of Directors.This report discloses the aforementioned sustainabilit-yrelated matters in detail and was reviewed and approved by
the Board of Directors on March 24 2026 .
05 06Sustainability Report
About us
Company Overview Corporate Culture
Beijing New Building Materials Public Limited Company (BNBM) is the new green building materials platform of China National
Building Material Group (CNBM) which is one of the Fortune Global 500 enterprises. The Company was established in 1979 under
the care of Comrade Deng Xiaoping and listed in Shenzhen Stock Exchange (000786 .SZ) in 1997 . The Company currently has total Strategy
assets exceeding CNY 35 billion annual sales revenue exceeding CNY 25.2 billion and over 16000 employees ; with gypsum board One Body Two Wings and Global Layout
waterproof materials and coatings as the three core businesses the Company has 122 industria lbases at home and abroad . The
Two insists:
gypsum board production capacity exceeds 3.5 billio nsquare meters making it the world's largest gypsum board and light steel Value operation Sudoku
keel industria lgroup . The waterproofing business ranks among the top three in the industry. In the coating business BNBM management (Nine -Grid Management)
Carpoly ranks third in national architectura lcoatings; the century-old China Time -honored Brand "Beacon" serves major national Three Management Tools:
Focus Innovation Synergy
equipment and the Gold Medal Time -honored Brand "Great Bridge" paint is a leading brand in China's industria lprotective
Four transformations:
coatings; the Company has won the Outstanding Contribution Award to the Global Gypsum Industry twice and the Global Gypsum Environmentally friendly hig-ehnd
Company of the Year four times and was awarded the "First Prize of National Enterprise Management Modernization Innovation digital and international
transformations
Achievement" "Manufacturing Single Champion Demonstration Enterprise" "China Green -Benefit Enterprise Best Model Award" Core Values Vision
"National May 1 Labor Award" and other honors as a national innovative enterprise; awarded the China Industria lAward in 2016 ;
Innovation Performance Create a World -class Flagship
awarded the China Quality Award again in 2022 .Harmony Responsibility Enterprise
Adhering to the principles of "mission-led and innovation-driven" values BNBM fully exploits the dual role of technological
innovation and brand building and occupies the commanding heights of technology brand standards quality channels and Mission
resources. It possesses a National Enterprise Technology Center Academician Expert Workstations and Post-doctoral Research
Workstations. As of the end of 2025 it has cumulative 7674 authorized patents ranking firs tin the industry; The Company has Green Technology
successfully built world -renowned independent brands in the gypsum board industry—Dragon Brand and Taishan . It also owns
several well-known brands such as Yuwang Shuyang Dream Beacon Carpoly and Great Bridge. Products are widely used in Quality Life
national major projects landmark buildings and modern home living such as the Great Hall of the People and venues for the
Olympic Games and World Expo . Code of Conduct Basic Polic
Committed to "Green Technology Quality Life" BNBM promotes the building city and residentia lenvironment to be greening. Reverence Gratefulness Persistence Transformation
BNBM also advocates circular economy energy saving and prefabricated buildings and creates a green building industry chain Courtesy Decency Integration Earnest efforts
throughout the lif ecycle from raw materials production products construction application and recycling. Implementing the
"One Body Two Wings and Global Layout" development strategy the Company strengthens and expands the gypsum board and Basic Principles
"gypsum board +" sectors accelerates the growth of the waterproofing and coating sectors focusing on four major regions Continue to strengthen the overall
including Africa Southeast Asia Central Asia and Europe & the Mediterranean . It exerts effort along two lines—regional and leadership of the Party
business—to deepen regionalized operations from points to surfaces. The Company is accelerating its transition toward a Insist on innovation-driven development
comprehensive manufacturer and service provider of consumer building materials promoting the four transition sof "commercial and green development
to residential urban to rural base materials to surface materials and products to services". We aim to create high-quality living Adhere to new development philosophy
environments to serve the needs of the people for a better lif eand accelerate the creation of a world -class flagship enterprise with and high -quality development
excellent products outstanding brands leading innovation and modern governance . BNBM will firmly implement new Continue the market -oriented reform and
operation in the international environment
development concepts vigorously promote green high-end digital and international development create a world -class flagship
enterprise and serve the needs for a better lif.e
07 08Sustainability Report
Sustainability Governance
Sustainability Governance Structure Sustainability Strategy
BNBM deeply understands and actively fulfil lists social responsibilit yto achieve harmonious progress and common development BNBM full yintegrates ESG concepts into business development and daily operations continuously improving its sustainabilit y
with all segments of society. To further deepen the implementation of the sustainabilit sytrategy the Company's Strategy and ESG governance capabilitie.s The Company formulated and released a sustainabilit ystrategy framework and five strategic pillar sin
Committee and ESG Working Group have continued to enhance their functions. They strictl aybide by the Working Rules for the 2023 . Guided by these it has systematically promoted the implementation of related work and achieved a series of positive
Strategy and ESG Committee of the Board of Directors standardize the decision-making and discussion processes for ESG progress. During this process the Company established and improved indicators tracking and monitoring mechanisms
matters and have incorporated key ESG indicators into the performance appraisal and remuneration systems for senior periodically evaluating and dynamically optimizing the core goals of the five strategic pillar sto ensure synergy with the
management to strengthen the implementation of responsibilitie. sThe Company has organized directors to attend ESG related Company's overall strategy and provide systemic support for sustainabilit.y
training covering corporate governance ESG development trends and analysis of ESG disclosure with a total of 36 participants
during the Reporting Period providing more specific guidance for the Company's sustainable development management .Compliance Integrity and Ethics
Corporate Governance
The Board of Directors as the highest decision-making authority for ESG work is responsible for
The Board of Sustainab ilit y
the Company's ESG strategy and reporting. It regularly listens to and reviews reports from the
Directors G overnance
Strategy and ESG Committee on ESG work progress and provides guidance on ESG policies.The Strategy and ESG Committee under the Board of Directors is mainly responsible for
conducting research on the Company's long-term development strategy and ESG -related matters
and making recommendations . The main responsibilitie isnclude: Responsible Industry Green Circular Product
Conduct research on the Company's overall ESG management objectives management Co -construction Sustainability Vision Philosophy
strategy and management policies and make recommendations .Strategy and
Conduct research on the Company's ESG (including climate change) related risks and Responsible Procurement Resource/Energy Management
ESG Committee Building a High-quality
opportunities and make recommendations . Innovative Development Waste Management Addressing
Better Life and Home Climate Change
Conduct research on the Company's significan tESG matters that are subject to the approval of
through Innovation
the Board of Directors and make recommendations . Conduct research on other significan tmatters affecting the sustainable development of the
Company and make recommendations .Comprehensive Talent Solutions of Higher
Development Quality
Occupational Health and Safety Employee Rights Quality Control
The ESG Working Group is responsible for the preliminary preparation of the Strategy and ESG Talent Cultivation and Development Talent Attraction Customer Service
Committee's decisions on ESG matters including collecting topics reports and other relevant
ESG Working
materials on major ESG matters submitted by relevant departments or controlled (invested)
Group
enterprises reviewing the materials and submitting formal proposals to the Strategy and ESG
Committee . BNBM Sustainability Strategy Framework
09 10Sustainability Report
Five strategic pillars
Solutions of Higher Quality
Taking the opportunity of low -carbon and more
diversifie dproduct demand the Company insist son
perfecting the quality system construction
comprehensively laying out the efficien tservice
network and creating firs-tclass quality products and
services; the Company continues to promote
Responsible Industry Co -construction
Sustainable Corporate Governance industria linnovation and research and development
accelerate the key research and development
strength and core scientifi cresearch application The Company builds long-term and stable
Accelerate the integration of the concept of transformation efficiency to provide customers with cooperative relationships with suppliers distributor s
sustainable development into the Company's healthier and safer more low -carbon and and other partner based on the principles of honest
management system take root in the operational Green Circular Product Philosophy environmentally friendly building solutions. cooperation and mutual benefit and promotes the
concepts of efficien tgovernance integrit yand self- concept of sustainable development through
discipline and honesty . Also continuously convey the
With innovation as the core the Company promotes business exchanges technical exchanges and friendly
Company's sustainable development policy to all
the "double -cycle" circular economy model of cooperation . The Company also maintains win -win
employees enhance the awareness of sustainable
product circulation and production circulation and harmony with the communities in which it operates
development among all employees and promote the
continuously enhances the capacity of industria lby- to promote the harmonious development of the value
steady growth of the Company .product consumption through technology chain.improvement and management optimization; we will
increase the usage of clean energy and promote Comprehensive Talent Development
energy saving and emission reductions in production
with technology upgrading as a key enabler
The Company establishes a sound mechanism to
accomplishing the gradient utilizatio onf resources.protect the rights and interests of employees and
health and safety continuously improves the abilit y
to cultivate talents and wholeheartedly builds a
working environment that meets the development
needs of employees attracting retaining and
cultivatin gtalents at all levels and promoting the
common progress of employees and the Company
for the sustainable development of the industry to
transport the backbone .
11 12Sustainability Report
Stakeholder Communication Stakeholders Communication channels
Enterprise Platforms
BNBM attaches importance to communication with stakeholders maintaining regular communication with investors through
various channels such as performance briefings analyst meetings on -site receptions the Shenzhen Stock Exchange's interaction
Suggestion boxes and labor union
platform new media telephone and email to continuously improve company transparency and market recognition and clarif y
key future work directions. Team Building Activities
Employees
Employee Satisfaction Surveys
General Staff Meetings/Symposiums
Stakeholders Communication channels
Employee Performance Appraisal Interviews
Shareholders' General Meeting
Telephone/Email
Press Releases/Announcements
Meetings and Interviews
Annual/Interim Results Briefings Customers Customer Service Hotline
Shareholders Analyst Meetings
Customer Satisfaction Survey
Roadshows
Social Media
Meetings and Interviews
Work Inspection and Supervision
Company promotion day
Supplier/Contractor Conferences
Investor Conferences Partners Telephone/Email
Press Releases/Announcements Meetings and Interviews
Potential investors and financial institutions Annual/Interim Results Briefings Supplier Assessments
Roadshows
Public Welfare Activities
Company promotion day
Communities and the public
Community Exchanges and Visits
Telephone/Email
Meetings and Interviews
Government and regulatory authorities Industry Exchange Conferences
Local Government and Enterprise Project Cooperation Industry Associations
Industry Promotion Activities
Regular Reporting on Enterprise Conditions
13 14Sustainability Report
Materiality Assessment Assessment and Confirmation of Issue Materiality
Impact materiality assessment : Widely collect opinions from internal and external stakeholders through
BNBM integrates the assessment of material issues into the Company's overall risk management process conducting materiality
questionnaires and conduct a comprehensive evaluation from two dimensions : "severity of impact"
assessments annually. In 2025 in accordance with the requirements of the Shenzhen Stock Exchange's Guidelines and with
(scale scope irremediable nature) and "likelihood of impact" . Integrate multi-stakeholder evaluation
reference to mainstream domestic and international sustainabilit ystandards the Company systematically conducted an issue 03 results and refer to internal and external expert opinions to form the final impact materiality assessment assessment based on the "double materiality" framework for the firs time. results
Financial materiality assessment : Organize senior executives heads of business and functional
departments and relevant experts to analyze the potential impact of each issue on the Company's
financial position operating results and cash flow in the short medium and long term from the two
Based on the 21 core issues set by the Guidelines and combined with the industry characteristics of the Company as a dimensions of "likelihood of financial impact" and "degree of financial impact"
green building materials industry platform the Company added specific issues to form an assessment list totaling 23
issues.Disclosure of Material Issue Information
The Company integrates the assessment results of impact materiality and financia lmateriality clarifie s
The Company followed the four core steps for "double materiality" assessment stipulated in the Guidelines identifyin gthe the distributio nof each issue under the dual dimensions through matrix analysis and sets materiality
short/medium/long -term financia limpacts of the issues on the Company as well as the actual and potential impacts of the thresholds based on company strategy and risk management requirements to finall ydetermine the lis tof
Company's performance on each issue on the economy society and environment in which the specific analysis process is as 04 high-priorit yissues with "double materiality"
follows:
Reviewed and confirmed by the Company's highest ESG governance body as the substantive basis for
content disclosure in this report
Understanding the Context of Company Activities and Business Relationships
BNBM Materiality Assessment Matrix
Understand company activitie sand business relationships: Analyze the Company's business plans
strategies and financia lstatements ; examine the Company's activitie sproducts and services; analyze
the Company's upstream and downstream value chains and the nature of business relationships
01 High Waste Treatment Understand the external objective environment : Analyze laws and regulatory policies relevant to the
Company as well as related media reports peer analysis industry-specific standards research reports Product and Service
and publications Pollutant Discharge Safety and Quality
Compliance Operation
Identify main affected stakeholders: Analyze stakeholders affected by the Company's activitie sand Environmental Compliance Management
Employees
business relationships and identify different groups of affected stakeholders Anti-Commercial Bribery Data Security and
and Anti-Corruption
Customer Privacy
Protection
Water Resource Utilization
Corporate Governance Stakeholders communication Innovation-Driven
Due Diligence
Anti-Unfair Competition Circular Economy
Supply Chain Security
Ethics in Science
and Technology Ecosystem and
Biodiversity Protection
Establishing an Issue List
Energy Utilization
02 Taking the 21 basic issues set by the Shenzhen Stock Exchange's Guidelines as the framework combined Addressing Climate Changewith industry characteristics regulatory orientation and peer benchmarking "Corporate Governance" Social Contribution
and "Compliance Operation" were further identifie das two important issues forming a preliminary lis tof
Rural Revitalization
23 issues
Equal Treatment of SMEs
Low Financial Materiality High
1516
Impact MaterialitySustainability Report
Honors and Awards
Awarded AA Rating in Huazheng Awarded AA Rating by Wind ranking second Awarded "2025 Model Enterprise for Investment Awarded " Tianma Award for Investor
ESG Ratings in the industry for ESG composite score Value of Listed Companies in the Housing Relations Management of Listed
Construction Supporting Supply Chain" Companies"
Selected for the S&P Global Awarded the highest Rating A (Excellent) in Awarded the first "Manufacturing Awarded Co -construction Unit of the "Good
Sustainability Yearbook 2025 (China Edition) Information Disclosure Evaluation for five Individual Champion" House Standardization Collaborative
Sustainability Yearbook 2026 (Global Edition) consecutive years Innovation Platform"
Awarded the 7th National Obtained the first batch of "China Green Ranked 16th on the TOP 30 List of the Asian Awarded "Green Transformation Pioneer
Civilized Unit Building Material Product Certification" for Coating Industry Enterprise" for the 2024 Compliance Year of
galvanized light steel keel products in the the National Carbon Market (Awarded in 2026)
green building materials industry
17 18Sustainability Report
Key Performance in 2025
Sustainability Strategy Pillar Core Initiatives Key Performances and Highlights of Sustainable Development in 2025 Supporting UNSDGs
Female directors account for 1/3
Continuously improving the modern enterprise system with Chinese characteristic s
Publicly released the Code of Business Ethics and Conduct and the Anti-Corruption Policy
and promoting high-quality development ; emphasizing gender diversit yamong
Statement for all employees and partners
board members ; constantly strengthen the Party conduct and integrit ybuilding and
Sustainability Governance
enhance the sense of integrit yand self-disciplin eof employees and partners; firmly Anti-corruption training reached 64374 person -times with 100 % coverage of directors and
promote the application of the "1+N" internal control system cultivate a sound 100 % coverage of employees
compliance culture and ensure the Company's continuous development . Organized compliance training for all levels of enterprises at home and abroad with a
cumulative 15300 person -times participating in related training
Carbon dioxide emissions per CNY 10000 of output value decreased by 3.65% year-on -year
Comprehensive energy consumption per CNY 10000 of output value decreased by 0.74% year-
Implement the development concept of "Greenway Builds a Better Future" steadily
on -year
promote the Company's Carbon Peaking Action Plan vigorously promote the usage
of clean energy and optimize energy use efficienc;y continuously enhance the The annual use of clean energy (biomass fuel photovoltaic power generation wind power
consumption capacity of industria l by-product gypsum of other industries steam etc.) accounted for 14.61% .Green Circular Product
strengthen energy saving and emission reduction of products throughout their lif e Consumed approximately 14.4695 million tons of industria lby-product gypsum throughout
Philosophy
cycle promote the circular economy and improve the performance of products in the year
terms of environmental protection; continuously strengthen environmental
500 products of the Company acquired China Green Building Materials Product Certification
protection in production and operation accelerate the realizatio nof "near-zero
Emission intensity of sulfur dioxide and industria lparticulate matter decreased by 2.98% and
emission" at each production base and promote green production .
16.11% year-on -year respectively over-fulfilli nsget targets
A cumulative 33 enterprises were awarded the national-level "Green Factory"
With technology -led development standardized operation brand building 1 QC group won a prize for National First-Class Achievement
excellence in quality and superior services as the core speed up the transformation
High sound insulation fireproof gypsum board partitions and inorganic antibacteria linterio r
into a comprehensive manufacturer of consumer building materials and service wall eco -friendly coatings were successfully selected for the firs tbatch of high-quality products
provider pursue high-quality products and services; strengthen top-level design in the "Good House" construction applicable building materials list
Solutions of Higher Quality establish BNBM Science and Technology Committee and build an open innovation
The satisfactio nof the Company's distributor sat all levels reached 9.24 maintaining above 9
system based on internal and external collaboration; accelerate key scientifi c
for 6 consecutive years
research breakthroughs and the transformation and application of achievements
deepen digita ldevelopment and application and promote technological progress in Annual R&D investment reached CNY 1.044 billion with R&D investment intensity at 4.13%
the industry. Cumulative authorized patents reached 7674 with 11 new international authorized patents
Total investment in work safety throughout the year amounted to CNY 130 .19 million
Adhering to the safety culture of "Stressing safety for every staff and every affair"
continuously improve the health and safety management system orderly promote 98 enterprises within all levels of the Group obtained ISO 45001 Occupational Health and
the construction of safety standard strengthen safety risk rectificatio nefficiency Safety Management System certification
Comprehensive Talent effectivel yensure the health and safety of employees ; build a sound system to Deployed intelligen tsafety systems across 108 production bases including 31 newly added
Development safeguard the rights and interests of employees provide employees with a well- this year systematically driving the intelligen stafety transformation of enterprises
established career development path and a diversifie dtraining system create a
Released the 2024 Restricted Stock Incentive Plan of Beijing New Building Materials Public
diversifie dtraining system and career development paths to strengthen our talent Limited Company (Draft Revision)
pool; implement the equity incentive policy and grow together with employees . Employee satisfactio nhas increased for 9 consecutive years
Integrate the concept of sustainable development into the management of
cooperation with suppliers and distributors and jointl ycreate a friendly business
environment ; fully leverage international and domestic market resources build a Over 60% of long-term cooperative suppliers underwent screening and assessment for
Responsible Industry Co- complete business network steadily develop overseas business maintain friendly environmental and social risks
construction cooperative relationships with the places of operation and support the Total donations and expenditures for rural revitalizatio nand public welfare activitie s
development of the local economy ; actively promote rural revitalizatio ngreen amounted to CNY 5.7908 million
building materials in rural area public welfare initiative such as charity and the
promotion of traditiona lculture and the harmonious development of the society.
19 20Sustainability Report
01 BNBM continues to promote the modernization of corporate governance attaches great Sustainable importance to business ethics and strictl yabides by laws and regulations on anti-bribery anti-
money laundering and anti-unfair competition . The Company has strengthened ideological
Corporate defense fostered a culture of integrit yand implemented a number of risk prevention and control measures laying a solid foundation for the Company's compliance governance and integrit y
operation. The Company is committed to building a sound cooperation mechanism with suppliers
Governance partners customers and other stakeholders to create an ethical and transparent business
environment .
21 22Sustainability Report
BNBM has formulated and strictl yimplemented systems such as the Article sof Association1 and Rules of Procedure for
Deepening Corporate Governance Shareholders' General Meetings which fully cover governance processes including the exercise of shareholders' rights meeting
participation and proposal voting. Relevant systems have been reviewed and approved by the Board or shareholders' general
meetings and publicly disclosed to effectivel yprotect the rights of shareholders to participate in corporate governance according
BNBM faithfull yimplements the national strategic policy of "accelerating the high-end intelligent green and integrated to law. The Company further regulates the rights and obligations between the Company and shareholders through systems such
development of the building materials industry". The Company continuously strengthens the corporate governance structure as the Investor Relations Management System and Measures for the Management of Related Party Transactions. These systems
improves the compliance management system and maintains the high-quality operation level of the Company strivin gto achieve prevent the abuse of shareholder rights and the impairment of minority investors' interests caused by the management's abuse of
remarkable results in promoting high-quality development . its dominant position. The Company actively broadens channels for institutiona linvestors to participate in governance guides
minority investors to attend shareholders' meetings provides convenience for their participation in major decision-making and
BNBM strictl ycomplies with national laws regulations and normative documents such as the Company Law of the People‘s enhances investors' voice and sense of fulfillmen.t
Republic of China and the Code of Corporate Governance of Listed Companies . The Company formulated and released the Board
Member Diversity Policy Statement to continuously enhance governance efficiency standardize governance mechanisms and The Company has established a remuneration clawback mechanism . For management members who cause asset losses to the
consolidate a standardized operation mechanism with clear rights and responsibilitie sas well as scientifi acnd efficien toperation. Company due to violations of national laws and regulations or failur eto perform duties correctly their current performance -based
This maintains a solid foundation for the Company's sustainable and high-quality development and promotes the successful annual salary will be deducted accordingly. Depending on the severity part or all of the distributed performance -based annual
achievement of strategic goals. salary and medium/long -term incentive benefits may be clawed back .BNBM Governance Structure Upholding Party Leadership
BNBM deeply implements the leadership of the Party focuses on the theme of high-quality development for a long time unites
4 47 and leads all Party members leading official asnd workers to overcome difficultie fsorge ahead and work hard and promotes the enterprise to move forward steadily on the road of high-quality development with the high standard of Party building work .
Shareholders'
Shareholders' Deliberating and General Meeting
general meetings approving
proposals High -quality Development Led by Party
BNBM regards high-quality development as its top priority practices "integrated accounting" approach for Party building and
business operations continues to deepen the "Seven Focus Areas" program creates "1+2+N" Party building brand system and
vigorously carries out "Party building +" initiative seffectivel ytransforming the advantages of party building into business
8 development advantages and constantly improve the core competitiveness of enterprises with high-quality party building to lead high-quality development . The Company is committed to promoting the implementation of the strategy of "One Body Two Wings
Directors and Global Layout" with the unremitting pursuit of making good products and satisfyin gthe people's desire for a better lif.e In
2025 BNBM was awarded the Second Prize of the 31st National Enterprise Management Modernization Innovation Achievements
and the 7th National Civilize dUnit.
3 3 The Board of Directors The Company persists in leading high-quality development with high-quality Party building continues to deepen the "Seven Focus
Independent Areas" Program and strengthens the organizational system . It conducted high-quality implementation of basic training Female
directors mechanisms for primary -level Party organizations. The Company focused on achieving results in Party building within mixed -directors
ownership enterprises. Its practices regarding the "First Topic" and mixed -ownership Party building have been shared multiple
times within and outside CNBM . BNBM implements the "integrated accounting" approach for Party building and business
Remunerati operations enriching its "1+x+N" Party Building Brand Matrix and vigorously promoting "Party Building +" initiative. sBy aligning Strategy and
13 77 Audit on and Nomination Party building prioritie wsith the core challenges of production operation and reform the Company encourages Party members Committee Appraisal ESG Committee to spearhead projects under the "Technology Open Competition Mechanism" and tackle critica blottlenecks full yleveraging their
Board meetings Deliberating and Committee
Committee
exemplary and vanguard roles in major tasks and key links.approving
proposals
Brand Shaping Led by Party
Upholding Party leadership BNBM deeply studies and implements the spirit sof General Secretary Xi Jinping's important speeches
and instructions on expanding the state-owned economy since the 18th CPC National Congress . BNBM consciously integrates
8 1 enterprise development into the national strategic landscape and actively practice the mission of "green technology quality life "The to pool strength and provides support for Chinese -style modernization . The Company has made continuous efforts in three
management
Key senior Female directions which are brand building brand communication and brand globalization achieving positive results
managers
1. Article sof Association of BNBM : https://www .szse.cn/disclosure/listed/bulletinDetail/i.nhdtemxl8862d4c0-f49a-4984 -b8d0-fa71cb34372 f
23 24Sustainability Report
Strengthening Brand Building Win -win Cooperation Led by Party
Refining the multi-dimensional linkage brand management structure of "master brand builds momentum sub -brands lead the BNBM earnestly implemented the general requirements for party building in the new era and further promoted the integrated
charge". Through the linkage of "visuals marketing activitie sand new media" BNBM optimized the brand positioning and development of party building and operation. The Company leverages the role of Party building in coordinating resources and
synergy of each business unit under "One Body Two Wings" thereby creating a high-end and international brand image and integrating forces by organizing the "Party Building Linkage Empowering the Three Chains" action. Namely it utilize svarious
enhancing brand premium capabilitie.s Developed the "BNBM Yuyan" civi lconstruction business platform achieving ful l forms such as joint theoretical study Party member alliances shared venues resource sharing joint activitie scollaborative
coverage through a three-level architecture of flagship stores boutique stores and factory stores. Bringing high-quality consultation joint talent cultivation and mass organization linkage BNBM conducted joint activitie swith government units
products with deep cultural heritage into thousands of households . BNBM made a high-profile debut at the Ministry of Housing industry associations state-owned central enterprises sister units local colleges and upstream and downstream supply chains.and Urban -Rural Development's "Good House Technology Exhibition" to promote wall reforms and increasing partition This helps bridge industria lchains stabiliz esupply chains and link innovation chains promoting the integrated allocation and
product sales by CNY 104 million. In 2025 the Company focused on the 4 aspects of service integration innovation and close- optimization of Party building resources and development elements to achieve value synergy and co-creation empowering high-
to-people and innovatively promoted the Company's brand to become a social brand transition to consumption type. Total quality development .followers across all platforms (including 7 segments and 7 brands) exceeded 510 000 ; launched 9 new columns such as "Good
House Fine Construction" "Good House Good Materials" "Technological Innovation" and "Model Worker Style" with total
views exceeding 2.855 million; completed the registratio nof the "BNBM Yuyan" officia Xliaohongshu (rednote ) account making
brand communication more diverse and efficien.t
Innovating Brand Communication
Leveraging digita lmarketing and authoritative media platforms like CCTV to expand brand voice and empowering brand
communication with themed activitie tso tel lthe "Story of BNBM" . In 2025 BNBM brand cases were included in the teaching
cases of the Dalian Executive Education Academy . The restructuring case of BNBM and Carpoly was included in the Tsinghua
SEM case library. The BNBM story was featured on CCTV's Cornerstones of a Great Power and Dragon Brand was selected for
the "Central Enterprises Brand Guidance Action". Simultaneously BNBM continued to host the "World in Harmony Building
Dreams Together" concert with nearly 40000 viewers for the live stream and nearly 200 000 likes showcasing the brand
warmth and cultural heritage of an industria lenterprise; collaborated with Xinzhuang Village Changping Distric t o create a
sunset concert integrating chic domestic products with bustling markets vividly practicing the integrated development of
village sand enterprises; cooperated with multiple units in Beijing and Shanghai to launch the "Swift Carries New Vigor Marks
Made in Shanghai" brand pop -up event. This promoted traditiona lculture while highlighting confidence in domestic products
with a live stream reaching over 43000 viewers and over 102 000 exposures receiving praise from central media and
continuously enhancing brand influence and competitiveness .Promoting Brand Globalization
Aligning with the construction of overseas bases we output unified BNBM brand standards and images using high brand value BNBM party building activities
to support the accelerated growth of the "Second Curve" . In 2025 we successfully achieved breakthroughs in cross-cultural
integration projects. BNBM Tanzania and BNBM Central Asia were selected as SASAC cross-cultural integration pilots and
participated in the 2025 (8th) China Enterprise International Image Communication Campaign establishing a good
international image .Cultural Construction Led by Party
To deepen the study and implementation of Xi Jinping Thought on Socialism with Chinese Characteristic sfor a New Era and fully
implement the spiri tof the 20th CPC National Congress the Company organizes all party members to actively carry out various
party building activitie scontinues to increase the vitalit yof grassroots Party organizations and effectivel ypromoted the deep
integration of party building and production and operation. BNBM vigorously inherits the unique red cultural genes of state-
owned enterprises builds a modern enterprise culture system internalize sthe Party's propositions into the spiritua lpursuits of
enterprise workers and externalizes them into conscious actions and gathers wisdom and strength for the Company to overcome
difficulti easnd transform and develop .
25 26Sustainability Report
Deepening Integrity Building Party Conduct and Integrity Building
25 systems related to Party conduct and integrity building
BNBM continues to strengthen the building of integrit yculture in the new era persistentl yimplements the spiri tof the Central
Eight-Point Regulation and its implementation rules thoroughly implements the responsibilit ysystem for Party conduct and The Company has formulated and continuously refined 25 systems related to Party conduct and integrity building continuously
integrit ybuilding and promotes the "Three Non -corruptions" principles (Dare not corrupt cannot corrupt and will not corrupt) in improving mechanisms for sharing supervision information promoting work and utilizing results to facilitate the cono rdinatio
an integrated manner . BNBM deeply roots the culture of integrity constantly enhancing employees' awareness of self-discipline and integration of the "Big Supervision" system .and their abilit yto resist corruption and prevent degeneration .In 2025 the Company carried out a series of systematic tasks centered on Party conduct and integrit ybuilding:
Governance
Deepened the construction of the responsibility system
The Company integrates Party conduct and integrit ybuilding into production and operation work establishing an integrit y
All 41 subordinate Party organizations signed the Letter of Responsibility for Party Conduct and Integrit y
governance structure with clear rights and responsibilitie. sThe Party Committee effectivel yfulfil lists primary responsibility with 01 Building. The evaluation results of the responsibilit ysystem were directly linked to the performance of the Secretary of the Party Committee assuming the role of the person primarily responsible. Members of the leadership team
Party organization secretaries and the "two members" 3 of the disciplin einspection team effectivel y
strictl yimplement "double responsibilitie2"s and the Discipline Inspection Committee performs its specialized functions of
strengthening the momentum for implementation and supervision
assistance and supervision forming an integrit ygovernance mechanism with clear main responsibilitie sdefined division of labor
and a closed-loop supervision system . Strengthened the integrity and self-discipline of leading officials
Strategy
Organized 91 leading official tso sign the Letter of Integrit yand Self-disciplin eCommitment prompting
them to publicly commit to strictl yobserving Party disciplin eand enterprise rules fulfilli nigntegrit y
BNBM strictl ycomplies with laws regulations Party rules and disciplin eregarding anti-corruption and integrit.y We have responsibilitie simplementing the Central Eight-Point Regulation and standardizing their professional
formulated and improved a series of internal policies and systems such as the Measures for the Discipline Inspection Committee 02 conduct . They strictl yimplement systems such as reporting of major matters recusal post recusal and
of BNBM on Replying to Opinions on Party Conduct and Integrit yand the Measures for the Discipline Inspection Committee of the " Three Important Matters and One Major Decision" system to resolutely prevent behaviors like
BNBM on the Management of Problem Clues to continuously advance anti-corruption and integrit.y interest transfer and "relying on the enterprise to eat the enterprise"
2. "Double responsibilities" refer to a position having dual responsibilities for both integrity building andm ebnusti.ness manage
Strengthened supervision discipline enforcement and accountability
03 Through daily supervision special inspections and Party building assessments BNBM conducted regular supervision of the fulfillmen tof integrit ycommitments . For discovered violations we strictl ypursue
responsibilit ybased on Party discipline national laws and company systems to effectivel ymaintain the
rigidit yand binding forces of disciplin eand rules
The Company implements the Code of Business Ethics and Conduct and the Anti-Corruption Policy Statement for all employees
covering multiple aspects such as bribery and corruption discrimination information confidentiality conflict sof interest anti-
monopoly/anti -competitive behavior money laundering and/or insider trading whistleblowing environment health and safety.The Company's Anti-Corruption Policy also applies to stakeholders who have business dealings with the Group . It is also known
that bribery is conducted though illega land improper payment methods such as kickbacks bribery is disguised as donations and
sponsorship and bribery is carried out through politica ldonations .The Company includes the Code of Business Ethics and Conduct in the scope of employee performance assessment and links
employees' compliance with the Code to their remuneration . We take a "zero-tolerance" attitude toward violations of business
ethics. Any employee who directly or indirectl yviolates the requirements of the code will be given Party or administrative
discipline or organizational or administrative handling according to the severity of the case and their remuneration will be
deducted according to the Implementation Rules for Compensation Deduction of Principals of Group Member Enterprises
Receiving Party or Administrative Discipline ensuring the code is strictl eynforced .
3. "Two members" of the disciplin einspection team refer to the Disciplin eInspection Committee Members and the Disciplin eInspectors who are the
frontlin esupervision force in grassroots branches and enterprises.
27 28Sustainability Report
Deepening awareness promotion
BNBM continues to deepen anti-corruption and integrit ypublicity and solidly advances the construction of integrit yculture. In The Company carries out activitie tso build Party style integrit yand anti-corruption for the Board of Directors and all employees
2025 we carried out the Integrit yCulture Month with the theme of "Strengthening Party Conduct Transforming Work Style and and continuously strengthens the awareness of the Board of Directors and employees at all levels on anti-corruption and
Fostering New Trends to Fortify the Dam of the Central Eight-Point Regulation Spirit." Using the "1+3+N" model we achieved ful l compliance with the Code of Business Ethics and Conduct . This year business ethics training including anti-corruption covered
coverage of Party members leading official sand personnel in key positions across all levels of enterprises in terms of all employees interns suppliers and contractors.participation range core content and implementation effects. We improved the "146 " integrit yculture system to cultivate clean
soil and comprehensively enhance all employees' awareness of resistin gcorruption and preventing degeneration . For new employees : Instillin igntegrit yawareness through the "Inaugural Session" for New Talents setting their moral
compass from day one .Strengthening ideological guidance . Through theoretical study organizing warning education For enterprise principals: Urging them to implement "double responsibilities "pressing the responsibilit yfor Party
Building a conferences across all levels notifying typical cases visitin gwarning education bases and management and laying a good foundation for Party conduct and integrit ybuilding."Firewall" conducting themed Party Day activitie sBNBM guides Party members and leading official tso hold
For official sand employees in key positions: Organizing Party organizations at all levels to sign the Letter of Integrit y
for Clean BNBM disciplin ein awe maintain vigilance and adhere to the bottom line solidifyin gthe ideological and Self-disciplin eCommitment with managed official sand key personnel according to management authority. We
foundation of integrit;y
conducted warning education conferences covering middle management and key personnel across all levels of enterprises
and timely carried out integrit ywarning education for employees in key positions such as procurement and sales to remind
them to strictl aydhere to the disciplinar ybottom line.Strengthening learning through training. By carrying out special Party classes "Deeply For all employees : Persisting in the work mechanism of education and reminders before holidays supervision and
Setting a
Implementing the Spirit of the Central Eight-Point Regulation" knowledge quizzes explaining inspection during holidays and urging rectificatio nafter holidays to continuously strengthen integrit yeducation case
"Wind Vane"
disciplin ethrough cases integrit yreading clubs "Clean Breeze" lecture halls and "Tiyrg Integrity " warnings and disciplin eenforcement during festival.s Issued 3 integrit yreminder letter sfor holidays via the officia l
for Clean BNBM
script murder activitie swe actively create a good atmosphere for integrit yculture; WeChat account ; regularly pushed over 70 sets of study materials to the enterprise WeChat work groups to continuously
fortif ythe ideological defence line of Party members and leading official.s
Driving "New
Centering on "lean production without waste" "cultivatin gthe market for more income" "fine
Achievements" management to increase value" and "precise internal control to prevent risks" we continue to
for Clean BNBM strengthen integrit yand self-disciplin eto drive high-quality development ;
Construction
Activating the We enrich activit yformats by promoting outstanding integrit-ythemed works issuing family
"Integrity integrit yinitiative sand collaborating with strategic partners to create a "Clean and Transparent"
Momentum" cooperative atmosphere thereby advancing the Company's integrit yculture. 2025 Integrity Culture Month Mobilization and
Party discipline study and education Special Party course
Deployment Meeting
29 30Sustainability Report
Supplier Anti-corruption Impact Risk and Opportunity Management
Adhering to the principle of "cooperation with integrity equality and mutual benefit and common development" the Company
Adhering to building a clean and honest operating environment BNBM has established a top-down three-level supervision system
works with suppliers to create an ethical and transparent business environment . To prevent corrupt practices the Company
which includes special supervision functional supervision and frontlin esupervision by the Disciplinar yCommittee . The system
regularly reviews the procurement process of suppliers and conducts anti-corruption checks on suppliers through public
Supplier Code of Conduct continuously enhances the Company's capabilitie sin risk identification monitoring and prevention.information channels to ensure that the supplier's behavior complies with the requirements of the . If a
supplier is found to have engaged in corruption or other violations BNBM will blacklis tthe supplier in accordance with relevant
policies and terminate the cooperation immediately .Specialized Supervision by the
Functional Supervision Frontline Supervision
Discipline Inspection Committee
Based on relevant rules and Each functional department performs As the frontline supervision force in
To deepen integrity awareness in 2025 regulations seriously investigate and functional supervision diligently grassroots branches and enterprises
handle violations of discipline laws implements supervision work discipline inspection members and
100 and regulations; strengthen establishes functional supervision officers carry out extensive integrity % supervision of key positions such as ledgers and continuously improves the publicity and education broaden
procurement bidding and asset closed-loop system for comprehensive information collection channels
the Company signed Letter of Responsibility for Integrit yand Letter of Integrit yCommitment or issued co-construction
management as well as key areas like supervision. This ensures the regularly conduct hear-tto-heart talks
proposals with partners such as suppliers distributors and subcontractors. This fosters a win -win partnership that is "close"
important junctures key projects and supervision system is connected and report discovered problems to
but not overstepping and "clean" but not distant achieving 100 % coverage of anti-corruption management across all
the implementation of major decisio-n vertically to -srterengthen supervision company management departments in
suppliers. making deployments; implement duties r-eintegrate supervision forces a timely manner."supervision of supervision" over and re-enhance supervision effects.functional departments to ensure
integrity education is targeted
Unimpeded reporting channels management is regular and
supervision is effective.The Company has established accessible business ethics reporting channels and provided training on their use. It encourages
employees customers suppliers and other partners to report any actual or suspected violations of business ethics (such as
BNBM continues to deepen integrit yrisk prevention and control. Every year we revise and improve the Integrit yrisk prevention
corruption fraud unfair competition or conflict sof interest )to the Company's disciplin einspection department through letters
and control Manual based on the Company's reality clarifyin gkey areas and prevention measures . Each business segment
phone calls online emails or on -site reporting. After receiving the report the Company will set up an investigation team to
company is organized to refine implementation and carry out prevention:
investigate the problem leads and issue an investigation report based on the investigation results to ensure that the reported
problem is effectivel dyealt with. The Company's Party Committee strictl yimplements inspection regulations persisting in a cycle for each term (three years).Closely following the "Four Implementations" requirements it orderly conducts routine inspections of subordinate Party
The Company allows anonymous reporting via letters emails phone calls and visits making every effort to protect the safety of
organizations covering anti-corruption and anti-bribery matters. In 2025 the Company's Party Committee completed inspection
whistle-blowers and the content of their reports. We strictl iymplement the Rules for Discipline Inspection and Supervision Organs
tasks for 2 Party organizations. As of now ful lcoverage of inspection supervision for all subordinate Party-committee -level
to Handle Reports and Accusations. All relevant staff must sign confidentialit yagreements to ensure whistle-blowers' information
enterprises has been achieved within the current term . The Company organizes each business segment and subsidiary to conduct
is not leaked. Retaliation or framing of whistle-blowers and witnesses in any form is strictl pyrohibited to ensure whistle-blowers'
annual integrit yrisk screenings every year. Through a quarterly integrit yrisk monitoring mechanism we implement dynamic
privacy and safeguard their legal rights.tracking and assessment of key positions important processes and high-risk areas. At the same time the Company carries out
The Company's Discipline Inspection Committee categorizes and disposes of reports into three types: direct delivery transfer and business ethics audits of its subsidiaries in accordance with the BNBM Implementation Rules for Economic Responsibility Audits
referral strictl iymplementing procedures for reception registration approval and distributio.n Specific reports are screened and on the 'implementation of responsibilitie fsor Party conduct and integrit ybuilding and compliance with the provisions on clean
handled according to regulations; in case of emergencies reports are handled immediately and reported level by level. Trace practices in economic activities 'as well as economic responsibilit yaudits of its 48 subsidiaries and ensures that the relevant
management is implemented throughout the process and supervision of the handling situation is strengthened . audits cover all operating sites at least once every three years.
31 32Sustainability Report
Metrics and Targets Implementing Compliance Operation
Guided by integrit yrisk prevention and control targets and using specific metrics as a key supervision enabler the Company
systematically promotes the institutionalizati onand normalization of integrit yrisk management . The key integrit yrisk BNBM regards legal and compliant operation as a key cornerstone
management performance in 2025 is as follows: for sustainable development . it strictl yabides by the laws and In 2025
regulations of China and overseas operating locations strengthen
compliance risk prevention and control and cultivates a good compliance commitment letters were
compliance culture. It embed compliance requirements into all 945 signed by enterprises at all levels and
Deepening Daily Supervision fields and links of operation and management to provide a solid all management and key
guarantee for high-quality development continuously enhancing
employees' awareness of law-abiding operation and improving the
Company's systematic compliance management level.
19person -times 14person -times 81replies
The Party Committee of BNBM Participation in supervision over job Issued integrity and s-elf
conducted assessments of competitions and democratic discipline replies Fulfillin gCompliance Duties
management cadres recommendations
BNBM continues to improve its compliance management mechanism establishing a systematic and multi-level compliance
management system . We continuously enhance our abilit yto govern according to law and effectivel yprevent operating risks
laying a solid foundation for high-quality sustainabilit.y
43 times 44 times 57times
The Secretary of the Discipline Heart-to-heart talks with Talks with "heads" of headquarters
Inspection Committee conducted leadership members functional departments and Improving compliance management mechanism
pre-appointment integrity talks subordinate subsidiaries
The C strictl yimplements the primary responsibilit yfor the
construction of the rule of law and gives ful lplay to the General
Counsel's role in legal review during operation and management .We established a Compliance Management Committee with the
In 2025
Preventing Integrity Risks Company's principal as the head of the leading group and the
General Counsel as the Chief Compliance Officer and head of the
working group . The Committee undertakes the organization overall Compliance management
planning and coordination of compliance management committees at all levels held
6633 255 continuously advancing major compliance matters and supervising
60 times meetings
people times and evaluating compliance management work . The "Three Lines of
Carried out special rectification work for "turning public Organized related companies to conduct supervision Defense" for compliance management work in synergy: business
departments serve as the firs tline of defense the legal and
assets into private ones" screening mid-ldelveel and inspections on official vehicle management business Reviewed agenda items
compliance department serves as the second line of defense and
above leading officials and key personnel gro-wuipde entertainment and the use of labor union funds with no effectively improving the overall
supervision departments such as audit and disciplin einspection as
violations found compliance management level
the third line of defense . Heads of various departments concurrently 186items of the Company
serve as compliance officer sto coordinate compliance management
in their respective fields and timely communicate legal and
regulatory requirements .Advancing Integrity Education
Deepening compliance risk prevention and control
1time 12times 100% The Company continues to strengthen compliance management
and legal supervision conducting all-around compliance risk
Conducted Integrity Culture Month Conducted "Monthly Talks" on The anti-corruption training In 2025
screenings. We organized enterprises at all levels to sort out
activities deepened "Seven Ones" Party conduct and integrity coverage for employees
compliance management in key areas formulated compliance risk
integrity education held gro-uwpide building and issueDdi scipline
lists and conducted quarterly screenings for compliance risks and
warning education conference Inspection Briefs 56400illega lincidents. This year in cooperation with external professional
institutions we conducted compliance evaluations and risk reviews The cumulative number of contracts reviewed for
for enterprises under Taishan Gypsum BNBM Waterproof and
compliance by enterprises at all levels reached
BNBM Coating. This is significan tfor strengthening business synergy
No negative incidents related to corruption bribery conflict sof interest money laundering or insider trading occurred in the and implementing development strategies based on law and
Company this year. compliance .
33 34Sustainability Report
Cultivating a good compliance culture
BNBM Three -level risk prevention and control System
In 2025
BNBM attaches importance to cultivatin ga compliance culture and Conducted compliance
actively promotes compliance awareness . It urges subordinate training and publicity
subsidiaries to improve compliance management through 23times activities Level 1 control Business units are responsible for implementing risk management solutions in daily
compliance reminder letter sand organize domestic and overseas
operations and regularly reporting on the results of risk response measures .compliance and risk management training via online and offlin e
methods . Topics include compliance management rule of law 15300 Specificall yrefers to the Company's business units bearing ful lresponsibilit yfor their With a cumulative
construction and risk prevention and control targeting employees own risk management work . Implement the Company's risk management policies
participation
senior management and board members . person -times organize various risk assessments and management tasks within the unit and timely
report risk matters and information to the primary risk management department .Level 2 control Relevant functional departments conduct risk assessments for various business
Implementing Risk Prevention and Control management and critica blusiness processes and formulate risk management solutions. Specificall yrefers to the Company's functional departments which accept the guidance
BNBM fully implements national policies. To achieve healthy and stable operation the Company follows the Company Law of the and supervision of the primary risk management department in comprehensive risk
People's Republic of China the Securities Law of the People's Republic of China the Basic Standard for Enterprise Internal management work perform risk management functions for their respective professional
Control and the Application Guidelines for Enterprise Internal Control as well as requirements from the China Securities lines and timely report risk matters and information to the primary risk management
Regulatory Commission and Shenzhen Stock Exchange . We integrate risk management into top-level design based on the department .principles of "ful ltrust ful lauthorization ful ltransparency and ful lsupervision". We have formulated internal systems such as
the Comprehensive Risk Management System of BNBM and the Internal Control Audit System establishing a "1+N" Internal
Control System led by internal control construction and supervision systems and supported by specific operational specification s
Level 3 control The Audit Department of the Company's headquarters organizes annual risk identification
to continuously improve risk prevention and control levels.risk level assessments development of risk response measures and contingency plans and
The Company has established a completely comprehensive risk management system with the Board of Directors as the highest supervises the risk management activitie osf each unit.decision-making body for risk management . The Audit Committee assumes overall supervision responsibilit.y The Company has
Specificall yrefers to the primary risk management department which performs
established a Comprehensive Risk Management Leading Group chaired by the Chairman and with the participation of the
corresponding risk supervision functions specificall iyncluding the following duties:
executive management team . A three-tier risk prevention and control system consisting of business units relevant functional
departments and the audit department was built. The audit department reports directly to the Audit Committee and accepts its
supervision and guidance . The overall structure follows the principle of "flattening de -layering and chain reduction" 01 02
implementing a "three-tier management structure" of headquarters related companies and production bases .Formulate modify improve and implement Organize each unit to sort out risk matrices
the Company's comprehensive risk consolidate them into the Company's risk
management system; research and design the matrix and propose scope suggestions of major
Company's risk management system risk and important risks for approval by the
prevention and control specifications and Company leadership.management strategies.
0304
For approved major and important risks Supervise each unit in daily monitoring and
decompose and assign primary responsibility management of risks within their scope of
units and supervise them in formulating duties.solutions.
0506
Supervise and evaluate the implementation Conduct routine internal control reviews and
of risk management in each unit. evaluate the effectiveness of risk control at each
link of the internal control system.For all departments and units within the risk prevention and control system performance
assessment indicators related to the implementation of risk management processes and the
effectiveness of specific risk control are included in their performance appraisal within the scope
of their risk management responsibilitie sand are linked to the compensation incentives of the
corresponding department/unit .
35 36Sustainability Report
Risk Management Process Eliminating Unfair Competition
The Company is committed to preventing unfair competition risks by timely promoting and implementing policies laws and
regulations related to anti-monopoly and anti-unfair competition among employees to continuously enhance employees'
awareness of anti-unfair competition ; for potential risks that may involve monopoly or unfair competition legal risk assessments
Risk Identification and compliance risk prevention and controls are timely conducted through compliance screenings consultations and contract
reviews; regarding unfair competition behaviors such as counterfeiting or imitating the Company's brands by third parties the
01 At the beginning of each year risk identificatio nand assessment are systematically carried out by the Company timely safeguards its legal rights through reporting and litigatio.nCompany . The risk management department analyzes competitive local situations strategic marketing raw material supply and audit findings reported by related companies to identify potential The Company conducts compliance risk screenings every quarter. In 2025 there were no acts of unfair competition infringin gon
risk sources in finance market operation and compliance at the company level. third parties. Regarding third-party counterfeiting or imitation of the Company's brands the Company timely safeguards its legal
rights through various means such as reporting and litigatio.n
Risk Analysis
02 By quantifying the likelihood of occurrence impact level and undetectability of risks the Company determines the annual major risks and prepares a comprehensive risk management report to be
submitted to the management for review and approval .Risk prevention and control
Assign primary and participating departments for each identifie drisk and analyze risk causes
probability and expected impact item by item;
Hold monthly Party Committee meetings office meetings and business analysis meetings to hear
progress reports analyze operating risks discuss major decisions and make strategic deployments
and clear risk response measures based on business progress and market conditions;
03 After management review and approval each responsible unit formulates targeted risk response measures and contingency plans based on assessment results establishes a major risk prevention and
control responsibilit yledger and dynamically tracks risk changes during daily operations;
Implement a quarterly monitoring mechanism combined with risk exposure analysis and trend
changes to formulate and implement corresponding prevention measures and form quarterly
monitoring reports. Meanwhile based on the risk indicator library established from previous years'
business risk characteristics the Company timely alerts relevant units to risks triggering warning
thresholds to ensure risks are controllable and drive steady development .In 2025 the Company experienced no major risk accidents
and operating risks were reasonably controlled.In 2025 the Company continued to conduct comprehensive circui treviews of the soundness and effectiveness of the internal
control systems of subsidiaries through a combination of routine and special audits. Special verification sand evaluations were
implemented for raised funds and key investments . Rectificatio nof discovered problems was supervised to promote system
implementation and ensure the effectiv eoperation of internal control mechanisms .
37 38Sustainability Report
02 As a leading domestic green building material producer BNBM persists in taking the mission of "green Green Circular technology quality life "as the source of momentum . Upholding the development philosophy of "Green
Building Future" we actively implement low -carbon operation strategies vigorously develop a circular
Product economy strive to create green products and steadily improve the core competitiveness of the enterprise in green development . We are committed to minimizing the impact of production and
operation activitie son the ecological environment continuously improving resource efficiency and
Philosophy fully promoting the achievement of the "Carbon Peaking and Carbon Neutrality" Goals. We provide innovative solutions for environmental challenges faced by society and co-create a new lif emodel of
harmony between humanity and nature with our partners.
39 40Sustainability Report
Addressing Climate Change Strategy
In 2025 BNBM introduced scenario analysis methods into climate-related risk and opportunity management for the firs ttime
In 2025 global climate governance entered a critica lstage of accelerating the implementation of the Paris Agreement goals. In further enhancing the systematic and forward -looking nature of identifyin gand assessing climate-related risks and opportunities.November the 30th Session of the Conference of the Parties to the UNFCCC (COP 30) was successfully held in Belém Brazil On this basis the Company continues to drive the integration of climate factors into strategic planning investment decision-
reaching multiple consensuses on issues such as the Global Goal on Adaptation (GGA) updates to the new Nationally Determined making and daily operation management constantly enhancing strategic adaptability and climate resilienc eunder differen t
Contributions (NDCs) and the synergy between climate and biodiversit.y Meanwhile domestic policies further strengthened the climate scenarios.orientation toward energy saving and carbon reduction driving key industries to comprehensively improve equipment energy
efficienc yand providing a clear direction for industria lenergy conservation and green upgrading . BNBM is well aware of the
impact of climate change on its operations and society as a whole . It consistently monitors the risks and opportunities brought by Formulating a Climate Risk and Opportunity List
climate change and is committed to providing society with more climate-resilien tbuilding solutions. This effort aligns with the
Company's mission of "Green Technology Quality Life" ensuring the practical implementation of its corporate responsibilitie.s Taking comprehensive account of its business model and value chain characteristics industry development practices and
feedback from stakeholder communication BNBM systematically sorts out and identifie sclimate-related risks and opportunities.We clarif ytheir main distributio nwithin the Company's operations and value chain form a corresponding risk and opportunity
Governance list and continuously carry out follow-up monitoring and management . The Company identifie d13 categories of climate-related
risks and opportunities suitable for its business including 5 categories of acute and chronic physical risks 4 categories of
transition risks and 4 categories of climate-related opportunities.To better address the challenges posed by climate change the Company has integrated climate change considerations into its
sustainable development governance framework (see the "Sustainabilit yGovernance Structure" chapter of this report). The Board
of Directors of BNBM serves as the highest decision-making body for "Carbon Peaking and Carbon Neutrality" and climate change - Risk Type Risk Identification Risk Type Risk Identification List Opportunity
related initiative. sThe Board's Strategy and ESG Committee oversees the Company's overall climate change efforts including the List Identification List
management and review of strategies policies goals and progress related to "Carbon Peaking and Carbon Neutrality" and
climate change . The Board reviews updates from the Strategy and ESG Committee on "Carbon Peaking and Carbon Neutrality" Extreme Precipitation Policy and Legal Risk Products and Services
progress and other ESG prioritie sincluding climate change at least once a year providing guidance and recommendations . The
Company has established an ESG Working Group responsible for implementing the "Carbon Peaking and Carbon Neutrality" Typhoon Technical Risk ResilienceAcute Physical Risk
strategy identifyin gclimate change risks and opportunities and guiding departments to take specific actions toward climate- Transition Risks
related goals. Extreme High Market Risk Resource Efficiency
Temperature
The Company links management performance with climate-related performance such as energy management and carbon
emissions to drive the effectiv eimplementation of "Carbon Peaking and Carbon Neutrality" and climate strategies. To strengthen Drought Reputational Risk Energy Sources
responsibilit ytransmission the Company established an energy saving and environmental protection assessment system Chronic Physical
clarifyin gthat the general manager of each production base is the person primarily responsible. Key energy saving carbon Risk Rise in Average
reduction and environmental protection indicators are directly incorporated into senior management's business performance Temperature
appraisals to ensure cascade responsibilitie dsown to every level. Meanwhile the Company conducts special training on "Carbon
Peaking and Carbon Neutrality" and climate risks and opportunities for the Board of Directors management and core
management personnel annually. This continuously improves their professional perception and performance capabilitie sin the
field of climate change comprehensively strengthening the Company's governance efficienc yin sustainable development .
41 42Sustainability Report
Impact on Business Model and Value Chain Risk Specific Upstream Own Operation Downstream Response
Category Risk Impact Impact Impact Measures
The Company's transition risks primarily stem from its operations and downstream market preferences while physical risks With the Suppliers need to Need to Increased Closely track lo-w
include extreme weather events and chronic risks affecting upstream supply chain stabilit yand operations. Given the Company's advancement of the simultaneously continuously track customer carbon policy
comprehensive low -carbon development strategy across all operational areas and its proactive measures to address physical "30·60" Carbon improve local policies and demand for developments in
risks the overall level of climate-related risks is relativel ylow . The table below outlines the Company's major climate risks and Goals domestic lo-w environmental adjust production environmental operating countries
corresponding mitigation measures . carbon compliance raw emission certification; and industries
transformation material standards which failure to meet accelerate enterprise
policies are procurement may increase policy
transformation
Risk Specific Upstream Own Operation Downstream Response tightening hig-h standards may investment in requirements in
Category Risk Impact Impact Impact Measures based on company emission activities rise and overall environmental time may affect
development and
Policy are under pressure costs of supply facilities and market access
Hindered extraction Risk of flooding in Delays at construction sitesS;t rengthen supply chain and and compliance chain compliance operating costs and order
resolutely implement
of raw materials (such plants and deterioration of resilience assessment;
Legal costs may increase may be passed up acquisition
the green low-carbon
as gypsum mines); warehouses; construction conditions for establish emergency development route
Risk
logistics production coatings and waterproof logistics contingency plans; As business expands Need to establish Overseas Exported and carbon peaking
Extreme
transportation delays; equipment damaged layers; products deformed upgrade warehouse flood overseas global a raw material production bases products must action plan
Precipitation
fluctuations in raw by moisture; raw or invalidated by moisture control facilities climate change supply chain must adapt to meet low-carbon
material moisture material inventory regulations are meeting multi- local regulations standards in
content affect quality deterioration gradually improving country standard; increasing destination
stability and overseas imported compliance markets or face
compliance costs materials may investment in potential market
may increase face new trade environmental access
Raw material supply Damage to Suspension of engineering Promote structural
barriers such as management and restrictions
chain disruptions; production facilities; projects; increased safety reinforcement and wind-
carbon tariffs carbon disclosure
logistics paralysis; structural safety risksr isks for outdoor proofing of plants;
Acute short-term increases for plant roofs and construction; accelerated formulate disaster
Typhoon Tightening carbon Increased Requires If technology Strengthen R&D
Physical in raw material prices walls; increased risk erosion of waterproof and emergency plans; reduction policies demand for low- investment in R&D upgrades lag and capabilities build and
Risk of production coating layers by storms strengthen supply chain require continuous carbon raw and product carbon efficiently apply the
suspension and heavy rain diversification and regional low-carbon process materials and transformation footprints are "Carbon Peaking and
decentralized layout innovation and energy-saving funds to drive high products Carbon Neutrality"
technological equipment drives production line may fail to meet R&D platform and
Increased risk of Safety hazards of Health risks for Optimize production transformation the transition of upgrades downstream encourage factories to
volatilization and high-temperature construction personnel; scheduling and equipment Technical Transition which may upstream supply potentially customers' low- adopt new energy-
spoilage of raw operations in coatings drying too fast cooling systems; improve RiskRisks accelerate systems toward increasing cost carbon saving and carbon-
materials (e.g. production affecting fi-lfmorming workshop ventilation and
Extreme technology green pressures in the requirements reduction
chemical raw workshops; increased quality; hi-gthemperature cooling facilities; drive
High replacement and technologies short term technologies and
materials) during failure rate due to softening or accelerated energy conservation
Temperature increase capital and methods to improve
transport; decreased equipment aging of waterproof consumption reduction operating efficiency in process
logistics efficiency overheating; materials and equipment upgrades expenditures research and
increased energy application
consumption
Downstream Changes in Need to accelerate If lo-wcarbon Vigorously carry out
Restricted water uses Risk of production Construction substrates Implement water recycling customers' focus on customer green product performance fails green product
for gypsum mining; water shortages; drying too fast affecting and water-saving process product low-carbon demand are R&D and to meet customer technology R&D and
restricted production pressure on water use coating adhesion; transformation; promote attributes is rising; passed upstream industrialization expectations production line
of chemical raw for landscaping and increased difficulty in supply chain water risk untimely driving the supply otherwise face orders may be construction
materials; decreased cleaning in plant substrate treatment for assessment and Market transformation or chain toward risks of idle lost affecting accelerate the
Drought stability of raw areas; restricted waterproof construction; collaborative Risk lack of results may synergistic capacity and slow market share and commercialization of
material supply operations in certain slowing construction management; strengthen affect new market transition to market response revenue structure green products and
regions progress in some regions R&D for product development and green raw expand the Company's
construction adaptability revenue materials and green product market
and supporting technical low-carbon share
Chronic
services processes
Physical
Risk Stakeholders focus The Incidents such as Customers prefer Gradually build a
Changes in natural Increased load on Structural growth in Promote energy -saving on green and low- environmental environmental suppliers with green building
crystallization production cooling demand for insulation and technological carbon performance of violations or good ESG materials brand
conditions of raw systems; increased waterproofing in buildings; transformation and clean performance; failure the supply chain lagging carbon performance; enhance brand
materials (e.g. costs for plant higher requirements for energy use; develop hig-h
Rise in to meet relates to the reduction damage to promotion and
gypsum); decreased insulation and air weather resistance of temperature resistance Reputatio
Average expectations may Company's progress may reputation may elevate the Company's
stability of some raw conditioning; coatings; product formulas and highly adaptable nal Risk
Temperature affect company reputation; ESG affect corporate lead to customer influence and
materials; potential deterioration of needing to adapt to higher product formulas; reputation and audits and ratings financing loss sustainability image in
increase in lon-tgerm employee working temperature environments strengthen employee market performance management of costs and the value chain
supply costs environments health protection and work suppliers need to government
environment improvement be strengthened relations
43 44Sustainability Report
BNBM understands the necessity of low -carbon development proactively grasps market opportunities for green development Climate Scenario Analysis and Financial Impact Assessment
and extensively positions green products . The table below list sthe Company's main climate-related opportunities and response
measures .Current Financial Impact
Regarding physical risks combined with the rising frequency of extreme weather events in recent years BNBM has continuously
Specific Upstream Own Operation Downstream Response
Opportunities assessed the potential impact of physical risks on production and operations. In 2025 acute physical risks mainly came from
Opportunities Impact Impact Impact Measures
extreme precipitation while chronic physical risks mainly came from rising average temperatures with impacts concentrated on
Guided by the Drive upstream The Company Meet market Continue to promote the the prevention and maintenance of infrastructur eand equipment operation. During the reporting period these impacts were
national "Carbon raw material continues to demand for green greening of buildings managed through preventive O&M and facilit myaintenance investment causing no substantial interruption to current operations
Peaking and Carbon suppliers to promote the building cities and living
nor material impact on the carrying value of assets and liabiliti eisn the financia lstatements for the reporting period or the next
Neutrality" strategy transform toward greening of materials expand environments view the
reporting year.green and low- environmental buildings cities andi nto emerging development of green low-
carbon development protection and low living environments markets like carbon building solutions
in the building carbon promoting developing low- green buildings as a major market
industry has become the construction of carbon green and low-carbon opportunity and
Products and In the summer of 2025 multiple production bases in South and East China encountered consecutive
the main direction a green supply building solutions retrofitting and continuously promote the
Services extreme precipitation leading to interruptions in production and operations and property losses of
thus developing chain system creating a full -life enhance brand application of circular
green products and cycle green building influence and economy concepts to nearly CNY 7 million. In July due to regional flood control requirements relevant production bases
low-carbon solutions industrial chain and market share create a full -lciyfcele Extreme suspended production for 4 days; in August rainwater overflowed from the gutters of the finished
may bring more enhancing product green building industrial Precipitation product warehouse in a gypsum board workshop damaging part of the inventory.market and revenue environmental chain and
to us attributes comprehensively enhance
product environmental
attributes In recent years affected by rising temperatures production bases in South and Southwest China
Climate change leads Promote upstream Center on the three Meet needs for Adhere to the "One Body have faced power shortages and government requirements for power restrictio nand peak -shiftin g
to frequent extreme suppliers to core businesses of building safety Two Wings and Global production significantl iympacting the normal production rhythm . Meanwhile high temperatures
weather like develop high- gypsum board and durability Layout" strategy develop decreased employee efficienc yand slowed production rhythms . To safeguard occupational health
typhoons and heavy performance waterproofing and under extreme high-quality products
and meet compliance requirements the Company continued to invest in the renovation of high-
rain increasing weather -resistant coatings to improve climate around core business
Rise in Average temperature positions and labour protection. In 2025 to address various operational pressures
building quality raw materials such corrosion resistance conditions areas improve corrosion Temperature
requirements. as corrosio-n durability and water expanding niche resistance durability and from rising average temperatures the Company has accumulated a total investment of nearly CNY
Resilience
Developing high- resistant coating resistance markets for water resistance expand 10 million.quality diversified substrates and expanding product disaster-resistant product applicability and
building products high-durability applicability and and climate- enhance building
can enhance building waterproof enhancing building adaptive resilience
resilience and bring materials resilience buildings Regarding transition risks affected by tightening policies and regulations BNBM further integrated energy efficienc yinto
more market equipment selection and operation management in 2025 vigorously developing clean energy reducing energy consumption and
opportunities practicing low -carbon production . Related investments were mainly used for equipment evaluation updates and replacements
The Company Promote upstream Production bases Enhance product Each production base of which are necessary expenditures supporting the Company's energy saving emission reduction and green transformation with
continues to carry suppliers to continue to carry out price the Company continues to no material adverse impact on current operations and financial status.out energy-saving provide energy- energy-saving and competitiveness carry out energ-ysaving
Regarding climate-related opportunities the Company actively researched and applied clean energy replacement solutions to
and environmental saving and eco- eco-friendly by reducing costs and eco-friendly
technological friendly production technology while meeting technology upgrades to reduce operating costs and conducted deep R&D and extensive positioning of green products .Resource
transformation to equipment and replacement to downstream improve production
Efficiency
reduce energy and technology improve production customers' efficiency and reduce
water consumption enhancing overall efficiency and preferences for resource consumption This year
and lower energy efficiency in reduce resource energy-saving
procurement and use the supply chain consumption and green
costs building materials
With the Promote the Carry out the Improve product The Company has carried CNY 16.257 billion
improvement of the development of upgrades of coal low-carbon out upgrades of coal with 64.31 % CNY 801 million
national carbon upstream clean with clean energy attributes to meet clean energy such as Revenue generated from green Of total revenue Spent on developing green
emission trading energy (e.g. such as biomass and customer biomass and natural gas to products products
market reducing biomass natural natural gas to demand for low- reduce operational and
Energy Sources
carbon emissions gas) supply reduce operational carbon building product carbon emissions
through clean energy systems and and product carbon materials and
transition may bring promote the emissions enhance market
4. Green products refer to products that meet environmental protection requirements are harmless or minimally harmful to the ecosystem and human
additional income optimization of the competitiveness
health and have low resource and energy consumption throughout their lif ecycle including production use disposal or reuse.energy structure
45 46Sustainability Report
Expected Financial Impact
Transition Risks and Opportunities
To assess the expected financial impact of transition risks and opportunities on business and value
Physical Risks chains BNBM adopted climate change scenarios published by the International Energy Agency (IEA): the
02 Net Zero Emissions (NZE) scenario and the Stated Policies Scenario (STEPS) 6. Across short-term (0–4 In 2025 BNBM integrated climate scenario analysis into its climate risk identificatio nand assessment years) medium -term (5–10 years) and long-term (11–25 years) dimensions based on IEA parameters and
process. Referring to the Shared Socioeconomic Pathways (SSP) of the Intergovernmental Panel on trend analysis the Company comprehensively assessed transition risks and opportunities surrounding 8
01 5 key parameters : population CAGR GDP fossi lenergy demand crude oil price thermal coal price natural Climate Change (IPCC) it selected SSP 1-2.6 and SSP 5-8.5 scenarios to assess potential physical risks. gas price carbon price and clean energy generation. This analyzed potential financia limpacts on Using a catastrophe risk assessment model from an external professional third-party platform based on operation models and value chains to provide a basis for risk management and resource allocation.
high-precision data and resolution for the coordinates of all operating entities the Company compared
risk exposure levels for 5 types of climate physical risks under RCP 2.6/SSP 1 and RCP 8.5/SSP 5 scenarios. It
analyzed potential financial impacts on operation models and value chains across three-time dimensions : Climate Scenario
short-term (0–4 years until 2029 ) medium -term (5–10 years until 2035 ) and long-term (11–35 years until Transition
IEA NZE 2050 IEA STEPS
2060 ). These time dimensions align with the Company's carbon emission targets at different stages and Risks and
link to operational optimization measures technical path choices and corresponding capital investment Opportunities Short - Medium - Medium -
plans required at each stage supporting risk management and resource allocation decisions. Long term Short -term Long termterm term term
Based on physical risk scenario analysis of its operating entities the Company defined assets or business
Policy and
activitie swith "significant "results as those susceptible to climate-related physical risks. At the overall Slight Moderate Moderate Slight Slight ModerateLegal Risk
company level physical risk scenario analysis results are shown in the table below :
Technical
Slight Slight Moderate Slight Slight Moderate
Risk
Climate Scenario
RCP 2.6 / SSP 1 RCP 8.5 / SSP 5 Market Risk Slight Moderate Significant Slight Moderate Moderate
Physical Risk
Short - Medium - Short - Medium -
Long term Long term Reputational
term term term term Moderate Moderate Significant Slight Moderate Moderate
Risk
Extreme
Negligible Negligible Slight Negligible Negligible Moderate
Precipitation Products and
Slight Moderate Moderate Slight Slight Moderate
Services
Typhoon Negligible Negligible Negligible Negligible Negligible Negligible
Extreme High Resilience Slight Moderate Moderate Slight Moderate Moderate
Negligible Negligible Negligible Slight Slight Slight
Temperature
Resource
Drought Negligible Negligible Negligible Negligible Negligible Moderate Moderate Moderate Significant Slight Moderate Moderate
Efficiency
Rise in Average
Slight Moderate Moderate Slight Moderate Significant
Temperature Energy
Slight Moderate Moderate Slight Slight Moderate
Sources
Based on physical risk scenario analysis most physical risks have controllable impacts on business in the
short and medium term but some areas require focus in the long term . In the RCP 2.6/SSP 1 scenario the In the IEA STEPS scenario various transition risks and opportunities show moderate impacts in the
overall impact of physical risks is relativel ymild but physical risks corresponding to rising average medium and long term . Expected financial impacts mainly involve continuous O&M investment for policy
temperatures rise to a moderate level in the long term ; the Company expects to increase investment in compliance energy efficienc yimprovement process optimization and energy structure adjustment
protection and maintenance of relevant faciliti easnd operations accordingly. expected to have a gradually increasing but manageable impact on annual costs. In contrast in the IEA
In the RCP 8.5/SSP 5 scenario as climate change intensifies physical risks from extreme precipitation NZE 2050 scenario the long-term impact of market risks reputational risks and resource efficienc y
drought and rising average temperatures show moderate or significan timpacts in the long term . opportunities increase significantl. yThe Company expects to increase the intensity of capital and
Expected financial impacts primarily involve the need for more funds in the medium and long term for developmental investment in low -carbon process applications critica elquipment upgrades low -carbon
infrastructur ereinforcement waterproofing and cooling renovations critica elquipment protection and product and service development and related business adjustments in the medium and long term . These
emergency management capability enhancement . These investments are expected to be mainly O&M investments will significantl yimpact capital expenditure scale asset allocation structure and unit
expenditures aimed at reducing the potential impact of extreme weather events on asset safety and operating costs while improving the revenue proportion of low -carbon businesses reducing high-
business continuity thereby avoiding higher repair costs and business losses. emission -related costs and improving long-term revenue structure and profitabili.ty
5.SSP 1-2.6 is a sustainable development/strong emission reduction pathway describing a world achieving green transformation through internationa l 6. The Net Zero Emissions scenario is an ideal pathway set by the IEA to achieve the Paris Agreement temperature control targets requiring the global
cooperation with vigorous promotion of clean energy and ecological protection aiming to limit warming to within 2°C by the end of the century; SSP 5-8.5 energy sector to achieve net-zero CO 2 emissions by 2050 and full ypromoting energy structure transformation and deep emission reduction. The Stated
is a fossi-lfuel-dependent/high -emission pathway assuming global pursuit of high economic growth based on fossi lfuels without effectiv eclimate policies Policie sScenario extrapolates from current policie simplemented or clearl yannounced by countries reflectin genergy development trends and carbon
representing a high-emission scenario with the highest global average temperature rise by the end of the century. emission trajectorie usnder current policy frameworks and is often used as a baseline reference.
47 48Sustainability Report
Strategies and Measures Practicing low-carbon production
To effectivel yavoid market and reputational risks and continuously improve resource efficiency BNBM systematically promotes
BNBM actively responds to the national carbon reduction call of "Energy Saving and Carbon Reduction Action by Central
clean energy application and production energy efficienc yoptimization.Enterprises" persisting in green manufacturing to drive the implementation of its "Carbon Peaking and Carbon Neutrality"
strategy.Promoting the usage of clean energy
As of the end of the reporting period
BNBM vigorously promotes the research and application of clean energy upgrades . To implement the carbon peaking action plan
we continuously increase investment in clean energy upgrade projects promoting BIPV and green energy application while over-fulfilling
simultaneously conducting energy -saving and carbon -reduction technical renovations. 0.55 tons of standard coal 0.74 % 3.65 % year-on -year the target
As of the end of the reporting period The Company's comprehensive energy A year-on -year CO 2 emissions per CNY 10000 of
consumption per CNY 10000 of output decrease of output value decreased by
25 11 77.0888 99.57 reached million kWh %
Photovoltaic power A year-on -year Photovoltaic power generation A year-on -year
generation projects increase of across all levels increase of The Company focuses on reducing lif-ecycle carbon emissions of products actively analyzing product carbon footprints to tap
into carbon reduction potential. We continuously assist subsidiaries in understanding their carbon emission structures and
formulating targeted reduction measures to ensure all enterprises successfully achieve emission reduction targets. In 2025
Dragon Brand coating and waterproof material series products (including elastomer -modified asphalt waterproofing membranes
90.56 high-solid-content waterproof coatings and polymer waterproof membranes) successfully obtained product carbon footprint MWp Approximately 24633 tons
certificatio.n
The installed photovoltaic capacity across all levels Potentially reducing C2O emissions annually
128700 tons of standard coal Approximately 130600 tons of CO2 equivalent
The Company actively carries out natural gas replacement. Effectively reducing GHG emissions In 2025 subsidiaries of Dragon Brand Company in Tianjin Chongqing and Hubei involved in local government carbon
The cumulative replacement of standard coal for the year
trading strictl ycomplied with local carbon market policies maintaining a cumulative compliance rate of 100% . By
In addition we continue to research biomass fuel application and rooftop heat collection technologies to promote the transition building a diverse carbon reduction system of "technical renovation + photovoltaic green power + biomass replacement +
to low -carbon production . equipment process upgrades" energy consumption and carbon emissions continued to decrease successfully
transitionin gfrom "purchasing to cover quota shortfall"s to "generating income from quota surpluses ".Reducing production energy consumption In 2025 four units under Taishan Gypsum carried out carbon market compliance with a 100% compliance rate:
The Company continuously improves energy and resource efficienc ythrough process improvement and equipment upgrades . We
persist in optimizing production technology as a key enabler to reduce energy consumption from the source and support carbon
BNBM Yichang BNBM Jingmen
reduction goals. We systematically conduct energy audits to accurately identify key nodes and improvement opportunities for
enhancing energy performance ; we actively invest in relevant technological innovation and R&D to drive the continuous reduction
of energy consumption levels. Furthermore the Company focuses on cultivatin genergy-saving awareness among all staff purchased 6918 tons of quotas for CNY 253 890 purchased 2078 tons of quotas for CNY 81042
providing special energy efficienc ytraining to enhance employees' awareness .In 2025
BNBM Wuxue BNBM Xiangyang
6.88 % year -on -year 5.34 % year-on -year 2.17 % year-on -year
purchased 5522 tons of quotas for CNY 177 587 .52 sold 9320 tons of quotas for CNY 363 480
The unit coal consumption of gypsum Unit electricity Comprehensive energy consumption per
board produced by the Company consumption decreased by CNY 10000 of output value for
decreased by waterproof products decreased by
49 50Sustainability Report
Impact Risk and Opportunity Management Metrics and Targets
BNBM continuously monitors the impact of climate change on its operations and integrates climate-related risks into its overall Based on the analysis of climate-related risks and opportunities BNBM has prioritize dthe establishment of energy conservation
risk management system . For details on the Company's risk management system please refer to the "Implementing Risk and emission reduction targets. These targets are regularly evaluated to effectivel yaddress climate transition risks and seize
Prevention and Control" chapter of this report. market opportunities in low -carbon development . To support the national "30.60" carbon goals and promote low -carbon
development in the value chain the Company formulated and released the BNBM Carbon Peaking Action Plan in 2023 . It clarifie d
four core principles: "Based on Reality Carbon Reduction at Source" "Development First Equal Emphasis on Reduction"
Formulating a Risk and Opportunity List: In the climate-related risk management process the "Innovation Driven Technology Leading" and "Active Promotion Steady and Orderly". We emphasize source reduction stric t
Company firs tsystematically identifie sclimate-related risks and opportunities surrounding its business process control and optimized end -of-pipe treatment . Based on total volume control focusing on business structure
operations and value chain structure. The identificatio nprocess combines national climate strategic optimization with raw material/fuel replacement and resource utilizatio nas keys and low -carbon technological innovation as
01 orientation industry trends and the global climate change context. Referring to historica loperations and momentum we accelerate green building material production and application to solidly perform carbon peaking and carbon feedback from internal and external stakeholders climate-related risks and opportunities are neutrality.
comprehensively sorted to form a list providing a basis for subsequent assessment analysis and
management .Key Indicators
BNBM Scope 1 GHG emissions mainly stem from the use of fuels such as coal and natural gas. Scope 2 GHG emissions mainly stem
Prioritization of Risks and Opportunities : To effectivel yallocate resources and focus on managing from purchased electricit yheating and steam primarily used for production equipment cooling systems and heating. Scope 1
climate-related risks and opportunities with significan timpacts on the Company we established accounts for 78.6% of total GHG emissions of Scope 1 and Scope 2 while Scope 2 accounts for 21.4% . Detailed energy use and
02 corresponding analysis and assessment methods . During assessment the Company comprehensively GHG emissions data are available in the ESG Key Performance Table of this report.considers the likelihood of risks and opportunities and their potential impact on operational and
financial performance . Combined with industry analysis and external expert opinions the impact
materiality of risks and opportunities is evaluated via questionnaires.Initial Greenhouse Gas Scope 3 Carbon Inventory
Assessing Climate Resilience through Scenario Analysis: After considering identifie dclimate-related
risks and opportunities the climate resilienc eof the Company's strategy and business model is In 2025 BNBM adopted the financia lcontrol approach and the GHG Protocol Corporate Value Chain (Scope 3) Standard to
evaluated. During climate resilienc eassessment major uncertainties focused on by the Company mainly inventory its Scope 3 emissions. This year we completed calculations for seven categories: purchased goods and services fuel and
stem from differences in the future macro environment policy orientation energy structure and energy -related activitie sbusiness travel employee commuting upstream transportation and distribution and end -of-lif e
03 technical development paths reflected in different climate scenarios. These uncertainties have been treatment of sold products . covered and reflected through scenario analysis. The Company dynamically adjusts its short- medium -
and long-term strategies and business models based on climate change trends. For example high-
efficienc yand low -energy equipment are prioritize dduring selection and updates and the energy Among the seven categories: Scope 3 emissions from purchased goods and services fuel and ene-rgeylated activities and -eonfd-
structure is gradually optimized to enhance the Company's overall climate resilienc ein a continuous and
progressive manner . life treatment of sold products accounted 9for3 % of the total.Category Unit 2025
Identifying Financial Impacts of Material Risks and Opportunities : The Company conducts
financial impact analysis on material risks and opportunities based on the prioritizatio rnesults and the Purchased goods and services tons of CO 2e 3330971.05
04 impact degree under different scenarios. We focus on the impacts of climate change across differen ttimescales on capital expenditure O&M costs asset safety and business continuity to support decisions Fuel and energy-related activities tons of CO 2e 570940.47
in resource allocation investment arrangements and risk management .Upstream transportation and distribution tons of CO 2e 38518.05
Business travel tons of CO 2e 724.64
Formulating and Implementing Response Strategies and Measures : The Company ensures
risks remain within controllable ranges by periodicall yassessing and reviewing climate-related risk levels Employee commuting tons of CO 2e 5549.95
driving management measures through daily operations. Measures include setting targets adjusting
05 strategic plans continuously monitoring carbon levels tracking and researching policy changes Downstream transportation and distribution tons of CO 2e 291.909.92 optimizing and investing in energy-saving equipment regular employee training and implementing
strategies such as risk transfer or risk acceptance to mitigate potential impacts and grasp development End -of-lif etreatment of sold products tons of CO 2e 608927.31
opportunities from climate change .Total tons of CO 2e 4847541.39
51 52Sustainability Report
Overall Target Target Achievement Status
We take the green and low -carbon transformation of energy efficien tuse of resources and energy and vigorous promotion of a
By 2025 circular economy as the three pillar sfor achieving carbon peaking . Through ten tasks including comprehensively optimizing the
production and business layout promoting green and low -carbon circular transformation and strengthening green and low -
carbon supply management we steadily advance the achievement of the Company's "Carbon Peaking and Carbon Neutrality"
goals. This year we achieved the targets and over-fulfille tdarget tasks. In the future we will continue to maintain carbon
reduction results and further tap into the potential for energy saving and emission reduction.Comprehensive energy consumption per CNY
16 CO 2 emissions per CNY 10000 of operating 10000 of operating revenue decrease % revenue decrease compared to 2020 24 %
compared to 2020
Carbon Emission Related Targets Achievements in 2025
Taking 2020 as the base year by 2025
This year comprehensive energy consumption per CNY
comprehensive energy consumption
10000 of operating revenue decreased by 45.51% compared
per CNY 10000 of operating revenue
Overall Target to 2020
decreases by 16%
By 2030
Taking 2020 as the base year by 2025
This year C2O emissions
7 per CNY 10000 of operating
CO 2 emissions per CNY 10000 of revenue decreased by 52.29% compared to 2020
operating revenue decrease by 24%
Comprehensive energy consumption per CNY This year no-nfossil energy consumption accounted for
33 CO 2 emissions per CNY 10000 of operating 10000 of operating revenue decrease % 38 % approximately 10.17% (Biomass and PV) which has not yet revenue decrease compared to 2020 By 2025 non-fossil energy consumption
compared to 2020 reached the established target. We will further advance the
accounts for over 15%
energy transition process in the future to increase the
Featured Targets
proportion of non-fossil fuel energy consumption.By 2025 the installed capacity of new This year the installed capacity of new energy power
energy power generation reaches 40 MW generation reached 90.56 MW
Featured Targets
7. To maintain data consistency and comparability the scope of CO 2 emissions in this context is consistent with previous years including only Scope 1 and
Scope 2.
202520292030
Proportion of non -
fossil energy Over 15% Over 17% Over 20%
consumption
Installed capacity of
clean energy power 40 MW 90 MW 110 MW
generation
53 54Sustainability Report
We persist in utilizing desulfurization gypsum solid waste resources. In 2025 the Company consumed approximately
Promoting Circular Economy
14.4695 million tonso f industrial -bpyroduct gypsum throughout the year.
BNBM is committed to advancing the "greening of buildings cities and living environments" accelerating the construction of a
circular economy system vigorously promoting building energy efficienc yand prefabricated buildings and strivin gto create a ful l Simultaneously we carried out the cascading utilizatio nof resources in production links and gradually promoted the reuse of
lifecycl eproduct management process of "design-recycling-reprocessing" enhancing the green and environmental attributes of production edge waste . We also actively explore waste gypsum board recovery technologies and operational mechanisms to
its products . support the development of the national circular economy system .We are committed to integrating the concepts of green low -carbon and environmental protection into every stage of the
product's entire lif ecycle:
Annual consumption of industrial by -product gypsum
Greener raw Use industria lby-product gypsum as the main raw material for product production to achieve
material use the circular utilizatio onf industria lsolid waste .
15.40 Unit:milliontons
15.2378
More energy -
Recirculate resources such as waste heat and condensed water and continuously optimize
efficient production 15.20
processes production processes to reduce energy consumption during production .
15.00
Sustainable Improve product design and production processes to achieve the lightweighting of gypsum
product design board products and extend product lif ecycles.
14.8084
14.80
Promote prefabricated buildings by completing pre-assembly in factories through dry
More efficient 14.4695
product application construction methods reducing the workload during gypsum board assembly and achieving
resource and energy savings at the usage end . 14.60
14.40
Recyclable product Accelerate research on the recycling and trade-in of waste gypsum boards to reduce waste
recovery generation and mitigate environmental impact at the end of the product lif ecycle.
14.20
Utilization of edge
waste and cascading 14.00
utilization of
resources 2023 2024 2025
During the product
Multiple products of the Company have obtained green product certifications
production process
Recycling and
Recycling and
utilization of
utilization of
waste at the end
waste resources
of the life cycle
As of the end of the reporting period the Compan5y's0 0 products have obtained
China Green Building Materials Product Certification
Raw materials for product Waste product
production recovery
55 56Sustainability Report
Recycling and Utilization of Waste Resources Cascading Utilization of Resources and Utilization of Edge Waste
The Company insist son building factories near raw material sources selecting green and eco -friendly raw materials and reducing The Company's factories continue to deepen the utilizatio nof resources such as waste heat from power plants. This year the
resource use in production to promote the ful labsorption of industria lsolid waste residue during production maximizing circula r Company used a total of waste heat steam from power plants to replace approximately 58800 tons of standard coal.resource utilizatio. nThis year the Company continued its efforts across all stages of product production recycling and Simultaneously the Company strengthened research and practice on the reuse of edge waste to maximize raw material
utilization vigorously advancing green manufacturing throughout the full lif ecycle. production efficienc yand reduce resource consumption .Case Study : Resourceful Utilization of Desulfurization Gypsum
Intensive Use of Water Resources and Closed -Loop Management
BNBM vigorously develops green and low -carbon industries and supply chains continuously advancing projects for the
resource utilizatio onf desulfurization gypsum solid waste . Nationwide BNBM accounts for 11.62% of the total desulfurization BNBM treats water resources as a core element of ful llif-ecycle management systematically building a system for the intensive
gypsum consumption making a significan tcontribution to the industry's circular economic development : use of water resources and closed-loop management covering all production stages. The Company conducts regular water use
assessments to systematically identify key links and improvement opportunities for water efficienc.y We implement water
recycling and promote the reclamation reuse and cascading utilizatio onf wastewater through process optimization and facilit y
BNBM Taishan Gypsum Lunan can consume approximately 250 000 tons of industria lby-product gypsum annually upgrades continuously reducing water consumption per unit of product . We focus on cultivatin gwater -saving awareness among
saving over 40 mu of land otherwise occupied by industria l waste stacks effectivel yreducing secondary all staff providing special training on water efficienc ymanagement schemes integrating the concept of intensive water use into
environmental pollution and enhancing both ecological and economic benefits; daily operations and continuously improving water recycling efficienc yto support sustainabilit gyoals. BNBM Suzhou currently has 2 large-scale modern paper -faced gypsum board production lines with an annual capacity
Recycling and Utilization of Waste at the End of the Product Life Cycle
of 70 million square meters . The raw materials used are desulfurization gypsum an industria lby-product of coal-fired
power plants achieving high-efficienc yand high-value-added utilizatio onf solid waste ;
By establishing a standardized recycling network improving recycling processes and developing high-value utilizatio n
technologies BNBM comprehensively promotes the resourceful utilizatio nof building material products at the waste stage. We
are committed to achieving closed-loop management from raw material acquisition and product manufacturing to terminal
BNBM Dragon Brand (Chongqing) mainly uses desulfurization gypsum produced during power plant operations as raw recycling transitionin gtoward a circular economy model .material consuming over 200 000 tons of desulfurization gypsum annually;
BNBM Shaanxi adheres to the concept of green innovation using desulfurizatio ngypsum from thermal power plants Establishing zero-waste factories
as the main raw material to produce paper -faced gypsum board achieving comprehensive resource utilizatio nand
consuming 200 000 tons of desulfurization gypsum for the year.In 2025 the Company has cumulatively established a total of 8 zero-waste factories.
57 58Sustainability Report
Protecting Ecological Environment Exhaust Gas Management
The Company maintains high standards for exhaust gas treatment setting "near-zero emission" thresholds stricte rthan national
and industry standards : <20 mg/m3 for SO <30 mg/m3 for NO and <5 mg/m3 for particulate matter . These standards are
BNBM strictl ycomplies with the relevant laws and regulations of China and its various operating locations. By implementing gradually applied to gypsum board production lines. Subsidiaries of BNBM further refine waste gas management measures in all
internal management systems such as the BNBM Ecological and Environmental Management System it standardizes the links using intelligen mteans based on their production process characteristics ensuring compliant waste gas emission . Gypsum
management methods and processes for wastewater waste gas and waste during the operations of its subsidiaries. board enterprises are implementing near-zero emission standards while waterproof material companies are utilizin gRTO
(Regenerative Thermal Oxidizer) systems to mitigate the pollution of the atmospheric environment caused by organic waste
This year gases.Case Study : BNBM Dragon Brand (Chongqing) Industrial Kiln Flue Gas Deep Treatment Technical Renovation
100%
The Company further reduced pollutant emissions and the environmental impact of production through continued promotion of In 2025 BNBM Dragon Brand (Chongqing)
near-zero emission techniques clean energy replacement intelligen texhaust gas management and other measures . The carried out a deep treatment technical
compliance rate for pollutant emissions was 100 % . renovation project for industria lkiln flue gas.After renovation annual sulfur dioxide
emissions decreased by 36.50 tons a drop of
Wastewater Management 69.2% . This not only promoted regional air
quality improvement but also achieved a win -
The Company strictl ycomplies with local wastewater discharge standards . Production bases instal lwastewater treatment win for economic environmental and social
faciliti etso preliminaril ytreat production wastewater and cooling water which is then reused or discharged to municipal benefits.treatment plants after meeting standards . In 2025 we strengthened wastewater emergency management by constructing
emergency containment tanks at our production bases . Through the timely collection of initia lrunoffs and the continuous
Overview of Dragon Brand New Materials (Chongqing) Co. Ltd.optimization of rainwater and sewage separation we monitored and treated wastewater to ensure centralized discharge.Case Study : BNBM Taishan Gypsum Dawenkou Town Water Environment Comprehensive Treatment Project
Waste management
BNBM Taishan Gypsum invested CNY 150 million to construct the sewage treatment plant and artifici awletland project in
Dawenkou Town Tai'an City. Launched in September 2018 and operational in April 2020 it has a daily processing capacity of BNBM strictl ycomplies with national laws regulations and industry standards closely monitoring policy dynamics . The
25000 cubic meters . The project uses combined processes serving domestic sewage from the town and wastewater from the Company systematically strengthens hazardous waste management based on the Directory of National Hazardous Wastes and
industria lpark. The effluent quality exceeds the Class 1A standard of the Discharge Standard of Pollutants for Municipal continuously improves internal systems such as the BNBM Ecological and Environmental Management System to strictl ytreat
Wastewater Treatment Plant. From 2023 to 2025 average parameters such as COD and ammonia nitrogen were significantl y general industria lwaste and hazardous waste ensuring high-efficienc yand compliant disposal. For general industria lsolid wastebetter than the limits. After deep purificatio nthrough the constructed wetland the water quality meets the Class IV production bases set up dedicated warehouses for classifie dstorage and regular disposal. For hazardous waste a “Same -dayrequirements of the Environmental Quality Standards for Surface Water and is discharged into the Xiaocao River. The operation waste clearance" principle is implemented ; generating departments transfer waste to dedicated storage rooms on the same day
of this project has effectivel yimproved regional water ecology and the living environment supporting green investment for classifie dstorage. Through a "digita lledger + manual record" dual-track management ful-lprocess online traceabilit yof entry
attraction and sustainable development . and exit is achieved . Simultaneously the Company entrusts qualified third-party institution sfor regular standardized disposal
ensuring the entire hazardous waste treatment process is legal safe and traceable.Biodiversity Protection
BNBM full yrecognizes the significance of biodiversit yin maintaining ecosystem stabilit yand supporting long-term sustainable
development integrating ecological protection concepts into the entire process of enterprise development and project
management . The Company has released environmental protection and biodiversit yprotection statements clearly incorporating
biodiversit yprotection into its environmental management focus and setting specific requirements for protecting sensitive
ecological areas. The Company also extends these principles to supply chain management explicitl yrequiring suppliers and
partners to avoid production or business activitie snear national and globally important ecological areas and other sensitive
ecological regions strengthening ecological risk prevention and control at the value chain level.During the initiatio nand site selection stages of new or expansion projects the Company strengthens the prior identificatio nof
ecological risks and strictl yconducts biodiversit ydue diligence. By combining ecological mapping analysis with on -site
inspections the Company proactively avoids ecological protection redlines nature reserves and key biodiversit yareas
minimizing potential interference from project construction on habitat integrit yand ecosystem structures. During production and
operations the Company continues to drive resource efficienc yand production process optimization to reduce the intensity of
Taishan Gypsum Wentai Environmental Protection Tailwater Constructed Wetland natural resource occupation and ecological disturbance.
59 60Sustainability Report
Strengthening Environmental Improving the Environmental Management System
Management To solidly promote environmental management the Company established an environmental management structure including the
Board of Directors the Strategy and ESG Committee and the Safety and Environmental Protection Department forming a top-
down management mechanism . A vertica lmanagement chain of "Headquarters - Segment Company - Subsidiary" was built to
continuously drive the implementation of environmental protection and ecological construction management at all levels.BNBM strictl cyomplies with the requirements of the Environmental Protection Law of the People's Republic of China the Law of
the People's Republic of China on the Prevention and Control of Atmospheric Pollution the Law of the People's Republic of China
on Promoting Clean Production the Energy Conservation Law of the People's Republic of China and other laws and regulations
BNBM environmental management system
related to energy saving and environmental protection. It has formulated and released the Environmental Policy Statement
continuously optimizing its environmental management system implementing diversifie denvironmental protection measures
increasing environmental regulation and comprehensively promoting the progress of environmental governance .The Company earnestly fulfil lists primary responsibilit yfor environmental management continuously improving internal systems
such as the BNBM Ecological Environmental Responsibility System and the BNBM Ecological Environmental Management System . The Board of As the highest management body for environmental matters responsible for the execution and
It links management compensation to environmental management performance indicators where serious environmental Directors supervision of the Company's environmental management and performance .violations may impact their compensation and performance ; continuously improving the Environmental Management System of
subsidiaries to ensure the comprehensive and effectiv eoperation of the environmental management system .
2025 2025 Work Progress
Based on the year 2020 the Sulfur dioxide emission intensity Strategy and Assisting the Board in supervising environmental matters regularly collecting environmental
sulfur dioxide (SO) 53.73 ESG Committeea decrease of % management updates from relevant departments and reporting them to the Board .2
emission intensity shall
0.26 kg per CNY 10000 of industrial output value
decrease by 30% compared to 2020
Based on the year 2020 the Nitrogen oxide emission intensity
nitrogen oxides (NOx) a decrease of 4 5.11%
emission intensity shall 0.55 kg per CNY 10000 of industrial output value
decrease by 30% compared to 2020
Safety and Mainly undertaking environmental management responsibilitie sin areas such as energy
Environmental
Based on the year 2020 the Industrial particulate matter emission intensity conservation emission reduction and ecological protection and regularly reporting to the
67.31 Protection Industrial particulate matter Department Strategy and ESG Committee .a decrease of %
emission intensity shall 0.06 kg per CNY 10000 of industrial output value
decrease by 30% compared to 2020
2026 Annual Target
Undertaking the environmental management work from the headquarters establishing an
Segment
The emission intensity of sulfur dioxide nitrogen oxides and industria lparticulate matter environmental protection department improving tasks such as risk identification job inspections Companies and
will be reduced by 1% compared to 2025 . Subsidiaries supervisory checks and system construction ensuring the effectiv e implementation of
environmental management measures and regularly reporting to the headquarters .In 2025
33 enterprises 45 enterprises
BNBM has established and continuously refined its environmental monitoring and risk prevention and control system . The
were honored national-level "Green Factory" were awarded the title of provincial or municipal level "Green Company full ypromotes the PDCA (Plan-Do -Check -Act) cycle management mechanism guiding subsidiaries to systematically
Factory" carry out environmental risk management and performance improvement .
61 62Sustainability Report
Environmental Monitoring and risk prevention and control System
Optimization of Water and Energy Conservation Measures
02 Each production base has established rainwater collection pools using the collected rainwater for
Each subsidiary formulates a detailed environmental self-monitoring plan at the beginning of each year
landscape irrigatio nand green plant watering; by dynamically adjusting the operating times and
and entrusts qualified third-party monitoring units to strictl yconduct commissioned monitoring work
controlling the temperatures of refrigeratio nunits electricit cyonsumption is reduced ; lighting and hot
every quarter. The Company regularly organizes internal environmental audits covering all operating
water supply are meticulously managed with scheduled on/off times to lower energy consumption .locations every year. Through a collaborative inspection mechanism combining "inspection guidance
training and service" we conduct comprehensive verification sfocused on document and permit
management discharge permit execution environmental facilit sytatus self-monitoring implementation
unorganized emission control and solid and hazardous waste management . For units with discovered
problems the Company issues written hazard rectificatio nnotices and continuously tracks and supervises
the implementation of rectification. sAs of the end of the reporting period subsidiaries identifie da total of Creating a Green Office Environment
4922 environmental hazards and all discovered problems have been rectifie.d 03 The Company actively promotes energy -saving and environmental protection concepts through various
forms of daily awareness campaigns . These include posting promotional posters in public areas regularly
sending energy -saving and environmental protection email reminders to employees and hosting themed
lectures. These efforts aim to enhance employees' environmental awareness and jointl ycreate a green
office environment .The Company accepts central and local environmental inspections including regular inspections and
random spot checks achieving full coverage of key areas for external environmental inspections every
year accounting for nearly 100 % of production and operation enterprises.In 2025 the Company continued to strengthen environmental management system construction actively
promoting environmental certification asnd clean production audits for subsidiaries. All production and Enhancing Employee Environmental Awareness
operation enterprises conducted environmental management according to Environmental Management
System (ISO 14001 ) and Energy Management System (ISO 50001 ) certification asnd formulated internal To implement environmental measures and strengthen employee awareness BNBM conducted environmental training for 46226
standards to accept the management results of each production base . Currently 99 production and participants on topics such as solid waste classificatio nair pollution prevention and emergency response plans.operation enterprises group -wide have 100 % obtained ISO 14001 certificatio nand 49 have obtained ISO
50001 certificatio naccounting for 49.5% . A total of 40 production and operation enterprises group -wide
declared and passed clean production audits accounting for 40.4% . Case Study : Practicing Green Concepts and Creating an Eco -friendly Atmosphere
Taishan Gypsum (Liaocheng ) Co . Ltd systematically organizes themed training and publicity activitie csentered on green
development concepts during key environmental dates such as Arbor Day National Energy Saving Publicity Week National
Additionally guided by the headquarters' principles subsidiaries have established systems such as the Measures for the
Low Carbon Day and World Water Day . Through a series of measures the factory has created an environmental culture
Environmental Emergency Response Management and the Environmental Risk Hazard Investigation and Control System These
atmosphere of universal attention and wide participation effectivel yenhancing employees' environmental awareness and
systems are continuously improved based on the characteristic sof each production base . Subsidiaries also regularly update their
practical capabilitie.s The employees not only deeply understand the strategic significance of green development but also
list sof significan tenvironmental factors conduct risk investigations and assessments and organize comprehensive and
proactively practice behaviours such as energy conservation consumption reduction and ecological protection in their
specialized emergency drill.s In 2025 no major sudden environmental incidents occurred at BNBM .daily work . This provides solid grassroots support and action guarantees for the factory to continuously drive low -carbon
transformation and implement green development goals.Practicing Green Office
BNBM implemented the Office Resource Management Measures to encourage green office practices including:
Comprehensive Implementation of Paperless Office
01 All office approval processes are completed through the online OA platform fully implementing paperless
office operations; a centralized management model for office supplies has been adopted establishing a
shared office supplies inventory. This allows various departments to share daily supplies such as paper
ink cartridges and drinking water minimizing paper usage and improving the efficienc yof public
Green Slogan Publicity
resource allocation.
63 64Sustainability Report
03 Solutions of Higher Against the backdrop of China's continuous promotion of high-quality development BNBM bases itsel fon the direction of transformation and upgrading in the building materials industry continuously
serving the development needs of customers and society with higher quality solutions. The Company
Quality revolves around improving product and service quality strengthening technological innovation support and deepening green low -carbon practices. We continuously refine a solution system covering
the entire business chain creating value for high-quality industry development and sustainable socio-
economic growth by providing quality services driving technological innovation and offering green
solutions.
65 66Sustainability Report
Creating Quality Services Improvement Strategy
BNBM persists in taking quality as the core and customers as the center treating the creation of high-quality products and The Company strictl ycomplies with the Product Quality Law of the People's Republic of China the
excellent services as the important foundation for supporting the Company's steady operations and value creation. The Company Standardization Law of the People's Republic of China the Metrology Law of the People's Republic of China
continues to deepen quality management and service capability construction revolving around enhancing product reliabilit y the Law of the People's Republic of China on the Protection of Consumer Rights and Interests the
service professionalism and customer experience to continuously solidif ythe internal momentum for high-quality development . Regulations of the People's Republic of China on the Administration of Production License for Industria l
While meeting customer needs for safety health and high quality the Company empowers downstream application scenarios Products and the Measures for the Metrological Supervision and Administration of Quantitatively Packed
through quality products and services promoting the coordinated development of the industria lchain and the simultaneous Commodities . We continuously stabiliz ethe high-quality management system and pursue excellence in
improvement of business quality and social value. product and service quality establishing a new competitive advantage in cooperation centered on
technology leadership standardized operation brand building quality excellence and quality service.In terms of During the reporting period the Company revised the Product Quality Management System systematically
Governance System product clarifyin gmanagement requirements for product quality in raw material control production process
quality
control and finished product management . It strictl ryegulates the use of raw materials explicitl ryequiring
and achieving the non -addition and non -inclusion of harmful substances in all products according to
A Vice General Manager is responsible for coordinating quality management work driving the industry specifications ensuring products are safe and reliabl eduring use. Supervision and inspections of
implementation of quality requirements in all business links. The Company clarifie dthat the Operating quality management are conducted periodicall yfor business related companies . Simultaneously the
Management Department undertakes quality management functions within its comprehensive management Measures for the Administration of Identificatio nand Labeling of Semi -finished and Finished Products were
In terms of scope with dedicated personnel responsible for system publicity process supervision problem formulated and implemented to standardize product identificatio nand labeling management further
product coordination and closed-loop tracking. This forms a quality management governance system coordinated solidifyin gthe foundation of product quality management .quality
by management led by functional departments and implemented by dedicated posts.Case Study : Promoting Group -wide Quality Management via "Quality Month" As a Key Enabler
To comprehensively improve customer service quality and experience the Company established a Customer
Service Leading Group with the Chairman as the head and relevant senior executives as deputy heads
In September 2025 taking the 48th national "Quality Month" as an opportunity the Company systematically carried out
coordinating and leading all employees in customer service strategic planning and experience
special product quality management activitie sacross all levels of enterprises centered on the "Quality First" concept .enhancement . Simultaneously the Company established a Customer Service Working Group with each
Through launching publicity quality commitments special sampling standard training and skil lcompetitions we
business segment responsible for daily customer service synergy and management focusing on
continuously strengthened quality awareness and management capabilitie samong all staff. The activitie scovered main
implementing measures for precise response to customer needs efficien thandling of complaints and
products such as gypsum board waterproof materials and coatings. Through product quality sampling and process
continuous optimization of service processes. BNBM continuously improves its customer service
supervision we strictl cyontrolled product ex-factory quality pushing quality management requirements to the production
management system clarifyin gthe responsibilitie sof institution sand personnel at all levels and
frontline and all business links further solidifyin gthe foundation for product quality control.incorporating customer satisfactio nand service quality metrics into the performance appraisal and
accountability mechanisms of relevant departments and employees to ensure effectiv eimplementation of
In terms of service responsibilitie.s
customer
To protect customer privacy the Company clarifie sthe responsibilitie sof management bodies and
service
personnel through information security management systems and incorporates information security
compliance requirements into employee performance management and accountability mechanisms to
strengthen the implementation of information security responsibilitie. sThe Board of Directors and the
Strategy and ESG Committee exercise overall supervision of information security within the ESG scope . A
Cybersecurity and Informatization Leading Group was established with the Chairman as the head leading
senior management and all employees in information security protection. Simultaneously the Company
established a Cybersecurity and Informatization Working Group to conduct daily network security
management focusing on implementing information security protection measures .Screening of production line process hazards
67 68Sustainability Report
Case Study : Deepening All-level Marketing Synergy and Enhancing Comprehensive Service Capabilities
BNBM upholds the "Customer Command Height" strategy adhering to the marketing philosophy of"Customer First Win -win Cooperation" and the service philosophy of “The needs of the customer as our To further enhance the comprehensive service level for key accounts BNBM
own" . We prioritiz uenderstanding and meeting customer needs continuously innovate product and service
actively practices the all-level marketing synergy strategy. In 2025 the
models and build stable long-lasting harmonious and win -win relationships to improve customer
Company accurately aligned the demands of top industry customers
satisfactio nand loyalty and achieve common development .committing to providing them with ful-lproduct scenario-based solutions.Centered on customers the Company integrates resources across the upstream and downstream of the Taking the docking with the well-known residentia lservice platform "Beike"
industria lchain building a new integrated industria lplatform of "technical solutions + product integration + as an example the Company relied on efficien tinternal synergy to
service consulting". This platform provides comprehensive solutions across the entire industria lchain successfully drive its three main brands —"Dragon Brand" "Taishan " and
lifecycle and system integration fully advancing the transformation into the "Marketing 2.0" model . This "Carpoly"—to full ywin the bid for Beike's centralized procurement strategic
year the Company accelerated its transition toward a comprehensive manufacturer and service provider of cooperation . This group -wide synergy not only provided customers with
consumer building materials promoting the "four transitions "of "commercial to residential urban to rural one -stop integrated green building material services but also significantl y
base materials to surface materials and products to services". In the residentia lservice field the Company enhanced home decoration delivery efficienc y and end -consumer
relies on its excellent green eco -friendly building material system to provide customized interio roverall Beike centralized procurement strategic experience demonstrating the Company's core strength in transforming
cooperation visit
solutions for end consumers . The Company actively responds to national construction calls deeply into a comprehensive service provider.promoting the "Good Materials Match Good Houses" special project. Centered on scenarios quality
products such as high sound insulation fireproof gypsum board partitions and inorganic antibacteria l
In terms of
customer interio rwall eco -friendly coatings were successfully selected for the firs tbatch of high-quality products in Implement customer privacy protection and information security measures in its own operations :
service the "Good House" construction applicable building materials list deeply transforming into overall solutions
serving households . By building exclusive civi lconstruction and residentia lservice brand standards and The Company strictl ycomplies with laws and regulations such as the Law of the People's Republic of China on Guarding State
strengthening technical delivery guidance and after-sales guarantees the Company is committed to solving Secrets and the Interim Provisions on the Protection of Business Secrets of Central Enterprises. Based on rules and regulations
pain points in household living environments delivering high-quality healthy and low -carbon building such as the Company ' s Information Security Management System it orderly carries out various measures to ensure information
materials directly to thousands of households and serving the needs of the people for a better lif ewith security.heart.The Company formulated internal management systems such as the Distributor Management System and
In 2025 the Company deployed a Zero Trust
the Sales Service Management Measures continuously standardizing customer service management
Network Access (ZTNA) system to eliminate the An integrated security monitoring platform has
processes and building an efficien tnational service network . We provide customers with personalized and
Application public internet exposure of internal applications. Security been established to provide rea-tlime visibility
differentiate dproducts and services offering "one -stop" customer service covering the entire pre-sales Security This initiative centralizes identity authentication Monitoring enabling the proactive detection and
mid -sales and after-sales process. To address diverse customer product needs the Company has also and access management (IAM) effectively remediation of anomalous access behaviors.established a demand management process for collecting and filterin rgequirements . Through third-party minimizing the corporate attack surface.research participation in industry exhibitions and other methods the Company understands and analyses
customer and market needs expectations and preferences to identify target markets and customer groups .Firewalls are deployed across all data center
Perimeter
perimeters to secure Internet access for business Since 2021 the Company has classified and
Security
systems and office endpoints. registered its official websites and internal
Case Study : Deepening Regional Service Synergy and Enhancing Comprehensive Service Capabilities Registration
systems under the Multi-Level Protection
& Scheme (MLPS). We achieved MLPS Level 2
Certification certification with mandatory -raessessments
All server operations and maintenance are done conducted biennially to ensure ongoing
In April 2025 centering on improving regional customer
Internal through bastion hosts effectively preventing compliance;service capabilities the Integrated Business Department
O&M unauthorized access. The entire O&M process is
led the "Central Enterprise Quality Mile" promotion and
Control recorded via audit videos for the traceability of
exchange activitie sin several key citie s in Xinjiang. every operation.Targeting local residentia l associations designers
construction teams and core distributors it systematically
Spearheaded by the Digitalization Center the
displayed the synergisti c advantages of ful l product
Company has developed multi -scenario
systems new construction methods and comprehensive A three-level disaster recovery strategy has been contingency plans covering system failures
service solutions. Through special exchanges technical Data implemented for our core business system cyberattacks malware outbreaks and data
sharing and cooperation docking the Company further Security incorporating on-server on-site and of-sfite center emergencies. Mission-critical
data redundancies.strengthened communication and service response for Emergency infrastructur—e including servers security
regional customers promoting the coordinated linkage of Management appliances and backup systems—is supported
by OEM hardware maintenance and professional
multi-segment businesses in the Xinjiang market and
technical O&M services. This ensures that
continuously improving the professionalism and A robust Host-based Security System (HBSS) has software versions and threat signatures remain
localizatio nsupport of customer service. "Magnificent Xinjiang Central Enterprise Quality Mile" Server been deployed integrating automated antivirus current enabling rapid response and service
Promotion and Exchange Activities Security protection Trojan/hacker intrusion prevention restoration in the event of a failure.and vulnerability management.
69 70Sustainability Report
Further strengthen data security management for third parties:
To continuously understand potential customer needs and satisfactio nwith product services the Company
During the reporting period the Company continued to enhance digita lempowerment and cybersecurity management . By
formulated and strictl yimplemented the Measures for Handling Customer Complaints and established
establishing the "Shutong (Digita lVision) BNBM" data management framework the Company implemented data-at-rest
diversifie dcommunication channels including web email telephone letters and face-to-face feedback . For
encryption and tiered authorization for mission-critica lsensitive data while enforcing stringent access controls. The Company
product quality complaints sales personnel will conduct on -site verificatio nimmediately upon receipt
established a security isolation mechanism for marketing data and implemented segment -based permission isolation in the
actively communicate with customers and jointl ydiscuss and implement solutions. For service complaints
internal data middle -end . The Company mandated 100 % signing of Data Security and Confidentialit yAddendums for all third-
the person in charge will timely communicate and coordinate with relevant responsible departments to
party vendors with access to customer data. Utilizin gZero Trust Network Access (ZTNA) robust permission management and
rectif yand optimize service deficiencie.s The Company also strictl sytipulates response and processing time
audit logging the Company maintains continuous monitoring of marketing system access prioritizin gthe detection of threat
limits for each stage of a complaint explicitl yrequiring a reply within 48 hours of receiving a customer
vectors such as anomalous IP logins.complaint to ensure issues are concerned and addressed promptly . Additionally the Company conducts
customer satisfactio nsurveys in accordance with the Measures for the Administration of Customer
Satisfaction Surveys taking the satisfactio nof distributor sat all levels as a core performance metric. In 2025
the Company organized distributo rsatisfactio nsurveys across all levels of business segments across 8 units
Strengthen information security capability building and training:
including Dragon Brand Gypsum Taishan Gypsum Dream Brand Gypsum and BNBM Waterproof . Total
The Company continues to conduct training via publicity posters emails "Cybersecurity-C lMaisnsies" and special lectures. respondents exceeded 910 000 with satisfactio nperformance remaining stable and above the set target
During the reporting period the implementation of information security training was as follows: In terms of level.customer
service To protect customer privacy rights the Company implements a closed-loop management mechanism for
data security issues discovered during business operations organizing company -wide screenings for typical
1 21 5 1 risks to eliminate potential hazards . The Company established a normalized information security inspection
mechanism organizing annual penetration tests and quarterly vulnerabilit yscans for key business systems .Cybersecurity Awareness Risk warnings and security Sessions of Cybersecurity Special training
Through external professional assessment it strengthens security verificatio nand improves the
Week series of activities reminder emails sent to all staff Mini-Classes lecture
comprehensiveness and objectivit yof risk identificatio.n The Company also built accessible proactive
identificatio nchannels and established an information security issue reporting and response mechanism . If
the employees discover any information security risk or abnormality they can report to dedicated
information security personnel in the Digitalizatio Cnenter via email telephone or instant messaging tools.Dedicated personnel will timely report the issue according to the process coordinate with system vendors
Risk prevention and control and O&M staff for verificatio nand handling promote issue rectificatio annd risk prevention and control and
conduct accountability handling according to regulations to ensure the information security incidents are
addressed effectivel aynd promptly .The Company emphasizes the continuous improvement of quality awareness and quality responsibilit y
across all business segments . In the design and development stage the Company incorporates risk
assessment standards full yinto the product and service development process identifyin gand avoiding Performance Metrics
potential quality hazards from the source to ensure high reliabili taynd compliance from inception. To
prevent quality risks during delivery after products pass inspection and enter the warehouse the Company During the reporting period the Company continued to promote ISO 9001 quality management system certificatio nwith 97
re-verifie sthe appearance quality and packaging integrit ybefore delivery. Shipment is only permitted after enterprises obtaining the certificatio.n
confirming compliance forming a quality risk prevention and control step prior to product delivery. To
strengthen refined quality management the Company has established a quality compensation rate This year the Company has set and achieved multiple quality management goals:
indicator extending cost control requirements from internal production to quality cost management
reinforcing management requirements centered on quality to enhance consumer satisfactio nand build a
high-quality product image . 100 % 0 100 %
The Company also strengthened quality risk prevention and control for production units at all levels. The Product quality pass rate in government Quality-related supervision penalties Product ex-factory
production data are collected and summarized at our headquarters monthly conducting benchmarking and supervision sampling issued by government departments pass rate
In terms of
product evaluations of product pass rates unit consumption and energy consumption to monitor production
quality quality timely.≤0.01%100%
This year Customer product quality complaint rate Annual quality system certification rate of
normal production enterprises
34 production bases 155issues 100 % This year the weighted average score for distributo rsatisfactio nreached 9.24 marking the sixth consecutive year of maintaining a
score above 9.0 and successfully fulfilli ntghe annual performance target of "no less than 9.0".Quality supervision inspections Identifying and rectifying Rectification rate
This year the Company received 21 complaints regarding products and services and achieved a 100 % resolution rate. No major
customer privacy leaks or information security incidents occurred and no product recalls occurred gaining widespread
recognition from customers .
71 72Sustainability Report
BNBM continues to build a collaborative open and shared technological innovation system promoting the systematic integration
Promoting Technological Innovation and efficien tallocation of innovation resources and strengthening the role of technological innovation in supporting business
development .Centering on the "One Body Two Wings and Global Layout" strategy BNBM continues to focus on its three core Centering on customer needs The Company actively deepens synergy and
businesses of gypsum board waterproofing and coatings. It builds an internall yand externally collaborative production/operation improvements and cooperation with universities scientific research
application technology trends the Company Internal External institutes and industry organizations to promote
open and shared technological innovation system empowering product upgrades and sustainabilit ythrough coordinates innovation in key links such as productI nnovation Innovation deep integration of industry academia and
technological innovation. The Company persists in tackling key core technologies and major scientifi cprojects R&D production technology and application Strategy Cooperation research accelerating the conversion of scientific
fully exerting its role as the main subject of innovation and the "problem setter" continuously improving the technology to ensure R&D directions remain highly achievements into engineering applications and
aligned with market and industrial demands. industrialization.output and transformation capability of scientifi acchievements .Optimize R&D Incentive Systems
Governance System The Company continues to improve its incentive and achievement management systems for technological innovation formulating
and implementing measures such as the BNBM Measures for the Administration of Declaration and Evaluation of Scientifi cand
The Company established a Science and Technology Committee led directly by the Chairman to coordinate decision-making and Technological Achievements and the BNBM Patent Reward Measures . During the reporting period the Company issued the BNBM
management related to technological innovation. Focusing on the "1235 " technological innovation strategy the Committee Measures for Rewards of All-employee Technological Innovation (Trial )to build a value-creation-oriented incentive system
conducts overall planning for innovation system construction R&D focus areas and resource allocation. Through the continuous expanding reward coverage strengthening the linkage between incentives and profit growth and increasing supporting support
improvement of the Article sof Association and supporting management systems it ensures that technological innovation work for external technology awards . Simultaneously the Innovation Research Institut eformulated the Measures for Performance
proceeds orderly within the institutiona flramework . Appraisal of R&D Personnel to further refine classifie dassessment and performance evaluation mechanisms for researchers
linking scientifi cachievements and technical contributions with performance evaluation to drive synergy between incentive
mechanisms and innovation goals. Spanning the entire innovation lifecycle the Company stimulates researcher vitalit tyhrough
Strategic Roadmap "Technology Open Competition Mechanism" incentives patent and achievement rewards and technological innovation honors
complemented by external award matching . These initiative sstrengthen the endogenous drive for critica ltechnology
breakthroughs and the commercialization of scientifi acchievements .BNBM continues to strengthen the overall planning and project-based management of R&D work by improving its technological
innovation institutiona lsystem . The Company revised and improved core systems such as the Charter of the Science and New Progress in Digital Transformation
Technology Committee and the Measures for the Management of Major Scientifi cand Technological Program Projects BNBM takes digita ltransformation as a primary enabler for upgrading its technological innovation system and changingstandardizing division of duties project initiation implementation management and fund use requirements to drive ful-lprocess management models . Guided by the "1254“8 Digital Transformation Blueprint it systematically promotes the deep integration ofmanagement of major projects. On this basis the Company sorted key R&D directions around the "One Body Two Wings" strategy digita ltechnology with core businesses in areas such as group governance business synergy and intelligen tmanufacturing
clarifie dtechnical breakthrough pathways and orderly advanced R&D work continuously enhancing the support capability of continuously enhancing the support of technology for operations and industria lupgrading . During the reporting period the
technological innovation for business development . In 2025 the Company initiate d11 major scientifi acnd technological program Company advanced digita ltransformation through the following pathways :
projects for the year. Solidifyin gorganizational and institutiona gluarantees for digita ltransformation based on unified governance : The Company
established a Digitalizatio Cnenter to build a group -wide digita lcoordination system covering headquarters business domains
BNBM “1235 ” Science and Technology Innovation Strategy
segments and member enterprises. By improving systems and incentives promoting the construction of professional ITBP
teams and conducting 12 sessions of group -wide AI special training it continuously enhanced digita lgovernance and
execution efficienc yat the organizational level. During the reporting period 1 subsidiary was certifie das a 4-star enterprise in
1 Strategic Vision Create a World -class Flagship Enterprise digita ltransformation maturity while three others attained 3-star certificatio nand the Company participated in drafting 2
national/industry standards such as Industria lInternet Platform-Digitalizatio nManagement of Safety Production (Building
Materials Industry). Taking business integration as the core driving digita lreconstruction of key operational and management processes: In core
areas such as finance procurement R&D and operation management the Company steadily advanced the construction and
2 Types of Technological Innovation Industrialize dtechnology and forward -looking technology integration of group -level information systems promoting the online and standardized operation of main business processes
continuously improving the integration of business and finance and master data governance and strengthening group -wide
synergisti ccontrol. Focusing on intelligen mtanufacturing promoting deep application of digita ltechnology in production and operations: Based
3 Gypsum board and "gypsum board +" waterproof materials and on the characteristic sof gypsum board waterproofing and coatings the Company progressively advanced intelligen ftactory Business Fields coatings construction released intelligen tfactory standards and cultivated demonstration projects. Through applications like MES
DCS and the Industria lInternet it enhanced visibilit yleanness and stabilit yin production forming reproducible and
promotable intelligen mtanufacturing practices. During the reporting period the Company completed 7 advanced intelligen t
factories promoted the application of 5G+MES smart factories and Beacon MES systems completed the intelligen t
transformation of 7 digita lfactories and equipped 90% of key equipment with automatic inspection and alarm functions.
5 R&D investment systems and processes platform construction Foundational Supports incentive mechanisms and talent guarantee
8. "1254" refers to the company's digita ltransformation framework comprising 1 vision 2 directions 5 initiative asnd 4 safeguards.
73 74Sustainability Report
Case Study : Leading Industry Standards for Intelligent Gypsum Board Manufacturing Risk prevention and control
BNBM released the Gypsum Board Intelligen tFactory 2.0 Standard System forming a complete normative framework
BNBM regards intellectua lproperty (IP) protection as an important part of technological innovation risk management viewing it
covering planning construction operation and evaluation. It clarifie score requirements such as intelligen tequipment
as a key enabler for preventing technical infringement risks ensuring the safety of innovation achievements and maintaining fair
interconnection data flow system integration and operation evaluation guiding factories from point automation to
competition . While promoting technological innovation the Company simultaneously strengthens IP compliance management to
systemic intelligenc eand from local renovation to ful-lprocess digita lupgrading . This standard is the firs tsystematic
reduce legal and operating risks during R&D investment and technical application.standard document for intelligen gtypsum board factories in China fillin agn industry gap and providing unified guidance
for internal upgrades and industry-wide application. The Company strictl ycomplies with laws and regulations such as the Patent Law of the People's Republic of China and the
Copyright Law of the People's Republic of China . Combined with business development it continues to improve the IP
management system centered on patents and trademarks . In 2025 on the basis of the original framework the Company
dynamically optimized certain systems that no longer met the requirements of information-based management .Case Study : Creating a National -level Excellence Model for Intelligent Manufacturing
Key IP Protection Measures :
BNBM Carpoly Coating (Anhui) Co . Ltd.'s "Digita-lIntelligenc eIntegrated Eco -friendly Coating Intelligen Ftactory" was rated
as a national excellence-level intelligen tfactory. By building an intelligen tmanufacturing system covering design
production management and operation the project achieved production automation management digitalizatio nand Front -end Infringement Implementing Patent
Clarifying IP Ownership
business synergy. While improving production efficiency quality stability and resource utilizatio nit significantl eynhanced risk prevention and control Monitoring and Warning
order response and customer service forming a reproducible and promotable industry model .During project initiation R&D and In activities such as technical Continuously tracking industry
early stages of technical output cooperation commissioned R&D patent layouts and key technology
patent literature searches and and technology transfer IP trends conducting patent
technical comparisons are ownership usage scope and monitoring and warning analysis
systematically conducted to responsibility boundaries are for core products and technologies
identify potential infringement clearly defined through contract to timely identify potential
risks in advance and reduce terms to prevent legal disputes infringement risks and competitive
compliance uncertainty during caused by unclear ownership and changes providing risk alerts for
R&D and commercial application. protect the legal rights of the technological innovation and
During the reporting period the Company's innovations. business development.Company conducted special patent
analysis in key business areas such
as waterproofing systematically
sorting out core technology layouts
and competitors' patent status to
support R&D decisions and
BNBM Carpoly Digital-Intelligence Integrated E-cforiendly Coating Intelligent Factory
technical roadmap choices.
75 76Sustainability Report
Achievements and Targets
Focusing on the support of technological innovation for high-quality development BNBM has gradually established a metric and
target system emphasizing both achievement output and capability building. From R&D investment achievement conversion to
digitalizatio annd intelligen ctonstruction the Company quantitativel yevaluates and tracks innovation results driving a shift from
process-oriented to result-oriented management and enhancing the empowerment of innovation for business development .BNBM Core R&D Performance in 2025
CNY 1.044 billion 4.13 % 45 8 4 2
Annual R&D investment R&D intensity Technology awards for projects in technical development Major scientific research projects Projects/subtopics of the 14th Projects of the second batch of major
craft methods and engineering technology of the country the industry and Five-Year Plan scientific and technological research
the Group in the building materials industry
656 10661 219 7674 2 1 of which
Patents applications Cumulative applications Authorized invention Cumulative "Technology Open Competition Mechanism" projects for critical core Successfully passed Group-level
during the year patents during the year authorizations technologies commissioned by CNBM Group acceptance in June 2025
53221818151113
Total valid patents International patent Cumulative international Cumulative Newly added national-level Newly added national "Little Newly added provincial/ministerial
applications during the applications authorizations Manufacturing Individual Champion Giant" enterprise with specialized engineering/technology centers
year enterprise and sophisticated technologies were added
Over 50 %
As of the end of 2025 the percentage of enterprises g-rwoiudpe that have obtained High-Tech Enterprise certification
77 78Sustainability Report
Case Study : BNBM Coating Empowers Landmark Assembly Hall Buildings with Green Technology
Green Solutions
BNBM relies on green low -carbon coating technology to provide high-quality coating solutions for national-level assembly
halls and cultural venues . While meeting the needs of high-frequency use and complex operating environments in large
As an industry-leading green building material enterprise BNBM bases itsel fon the requirements of national high-quality public spaces the solutions balance environmental performance durability and architectura laesthetics. Related products
development and "Carbon Peaking and Carbon Neutrality" goals continuously integrating green concepts into product R&D have been applied in various large conference venues and cultural landmarks . By reducing environmental impact and
technical applications and systematic solutions. Revolving around ful llif-ecycle building needs the Company accelerates improving architectural quality and safety the Company continues to drive the demonstration application of green
collaborative innovation in green low -carbon technology and product systems . We partner with value chain participants to building materials in high-standard public buildings supporting their development toward green low -carbon and high-
provide users with safer more comfortable and greener building solutions supporting the construction of "Good Houses" and quality directions.the improvement of project quality contributing to the green transformation of society.In product R&D BNBM regards clean technology as a key path for supporting product upgrades process optimization and green
solution capabilitie.s Focusing on energy saving low emission and low environmental load the Company promotes the
application and iteratio nof clean technology in new material R&D production process improvement and systematic solutions
making it a key technical support for the Company's green transformation and high-quality development .In terms of clean technology investment BNBM continues to include green low -carbon R&D process transformation and digita l
empowerment into annual investment and R&D arrangements focusing on supporting energy -saving materials low -VOC
products resource efficienc yimprovement and green manufacturing technologies.Facing the 15th Five-Year Plan period the Company will further combine the national "Carbon Peaking and Carbon Neutrality"
strategy and the green transformation trends of the building materials industry to systematically sort out the strategic positioning
of clean technology in product systems manufacturing systems and solutions promoting the shift of clean technology from
"important support" to "core technical capability".Dragon Brand Coating provides supporting products for the National Centre for the Performing Arts
In 2026 the Company plans to invest approximately CNY 200 million in the construction of a
production line with an annual output of 80 million square meters of gypsum plasterboard
Clean utilizin sgolid waste resources aiming to better support the green and clean development of its
Case Study : Providing Green Building Material Systemic Solutions Based on "Good House" Standards
Technology products .Investment Plan
Following the construction requirements for safe comfortable green and smart housing in the Code for Residential
Projects and guided by "Good House" construction BNBM systematically integrated green performance such as sound
insulation moisture resistance mold resistance zero formaldehyde and low emissions to form green building material
solutions covering gypsum board waterproofing coatings and powder coating systems . Through technological innovation
and collaborative product application the Company provides integrated support for residentia lspaces in acoustic quality
health/safety construction efficiency and environmental friendliness helping build a quieter healthier and more
comfortable green living environment .BNBM Waterproof China Chic New Exposed Coating
79 80Sustainability Report
04 BNBM adheres to a people -oriented development philosophy coordinating employee safety rights Comprehensive protection and capability development as core components of its high-quality development . The
Company continues to solidif ythe foundation of safety production strengthening risk prevention and
Talent Development control and safety awareness to effectivel ysafeguard the lives and health of employees and stakeholders. Simultaneously it further improves employee rights protection and communication
mechanisms to create a fair inclusive and mutually trustfu lworkplace . On this basis centering on
strategic development needs the Company systematically promotes talent attraction and cultivation.By improving training systems smoothing growth channels and strengthening employee care it
continuously enhances organizational vitalit yand achieves common growth and long-term
development with employees .
81 82Sustainability Report
Improving Intrinsic Safety Core Production Safety Goals
This year the Company set the following health and safety targets and metrics all of which were achieved (al lhealth and safety targets
and metrics of the Company include outsourced employees) :
BNBM consistently upholds the safety philosophy of "prioritizin gemployee health and safety creating an excellent working and
community environment achieving zero accidents and building an intrinsical lsyafe enterprise" fostering a safety culture of "Total The number of work - The number of fire The pass rate for
The severe
Safety Awareness and Individual Accountability" across all organizational levels. The Company implements the safety policy of "all risks 0 related fatality liability <0.5 0 and equipment 100 periodic verification of ‰ injury rate %
are controllable all accidents are preventable" . Centered on the four core functions of "guidance service supervision and accidents accidents special equipment
management" we continuously improve the safety governance mechanism driving enterprises at all levels to systematically enhance
safety management capabilitie sand provide solid safety guarantees for steady operation and high-quality development . Medical examination Safety
Monitoring coverage Reported cases
Following laws and regulations such as the Law of the People's Republic of China on Work Safety and the Occupational Disease coverage for hazard of occupational 0 of occupational
Prevention and Control Law of the People's Republic of China the Company continues to improve systems such as the Safety Production 100 % 100 % personnel in 100 % rectification hazard factors diseases
Management System Occupational Health Management System and Safety Production Responsibility System forming a ful-lprocess hazardous roles rate
management framework covering responsibilit yimplementation risk prevention and control process management and supervision
improvement . The Company clarifie hsealth and safety requirements and strengthens system implementation through the Occupational Provision rate Three -level safety education rate for new employees the certification rate of
Health and Safety Policy Statement and the Working Guidelines for "Comprehensive Safety" of Overseas Institution.s Simultaneously 100 % of PPE 100 % special operation personnel safety training rate for main principals
based on the characteristic sof the overseas business layout the Company continues to refine occupational health and safety policies
and overseas safety guidelines strengthening coordinated prevention and management of overseas safety risks to safeguard the health
and safety of overseas employees . For merged and restructured enterprises the Company uses the Work Manual for Safety and In 2026 the Company will continue to implement the above -mentioned goals and strive to keep the serious injury rate per
Environmental Protection Management Integration of Restructuring Projects to drive the effective connection and capability
improvement of safety systems in newly integrated enterprises solidifyin gthe Group's overall safety management foundation . thousand employees below 0.5‰
The Company actively promotes ISO 45001 certificatio anmong member enterprises. This year all normal production enterprises group -
wide conducted management according to ISO 45001 with 98 production member enterprises having passed ISO 45001 . Continuously Promoting Safety Standardization
Safety Production Management System The Company actively implemented the BNBM Action Plan for Improving Safety Production Standardization vigorously promoting
safety standardization construction among member enterprises. The Company continues to carry out classifie dmanagement of member
enterprises using a combination of enterprise self-evaluation segment recommendation and on -site review by coordinated experts to
BNBM has established a collaborative top-down health and safety management structure clearly defining the safety management improve the comprehensive safety governance level of member enterprises. This year 88 enterprises across all levels achieved safety
responsibilitie osf the Board of Directors the Production Safety Management Committee and the Safety and Environmental Protection production standardization including 1 at the firs tlevel 66 at the second level and 21 at the third level; additionally 99 enterprises
Department and member enterprises ensuring the orderly implementation of the Company's safety management efforts. established a dual prevention and control mechanism for hazards . Additionally the Gypsum Board Production Safety Specification the
firs tdedicated safety standard for the gypsum board industry in China led by the Company as the main drafter was released this year
driving the standardized development of safety in the industry.As the highest management body for safety matters responsible for the supervision of the Company's
Board of Directors
safety production management . Intelligent Safety System
The Safety Production Management Committee is the leadership and decision-making body for safety The Company actively responds to the national "Technology -driven Safety" strategy vigorously advancing the construction of intelligen t
Safety Production
management . The Chairman of the Board is the overall responsible person for the committee safety systems . This system integrates four modules : safety operations video AI facial recognition and personnel positioning. Through
Management
Committee organizing and deploying production safety management tasks and overseeing the execution and algorithms it enables automatic identificatio nof hazardous phenomena and violations full coverage of key areas with video
performance of the Company's safety management . surveillance layer-by-layer design of safety management processes and digitalizatio nof safety records comprehensively supporting
the Company in achieving production safety. To date the Company has completed the deployment of intelligen tsafety systems in 108
Safety and production bases including 31 added this year orderly driving the intelligen tsafety transformation of enterprises.Headquarters established this department to handle the daily affair sof the Safety Production
Environmental
Management Committee perform regulatory duties over the safety work of member enterprises and
Protection
Department implement the Company's safety management . Ensuring the Safety of Contractor Employees
The Company consistently adheres to the principle of fairness applying the same occupational safety management standards to
Related companies Undertake headquarters' safety management monitor identify and manage health and safety risks contractor employees as to full-time employees to ensure consistency in safety management . We uphold the principle of localized
and Subsidiaries ensure effectiv eexecution of safety measures and report to headquarters regularly.management signing safety management agreements with relevant parties and labor outsourcing companies to clarif ysafety
responsibilitie sand requiring them to implement the same safety management systems as internal employees achieving
comprehensive standardization and enhancement of safety management for outsourced employees .To solidif ysafety responsibility headquarters and subsidiaries continue to sign Safety Production Responsibility Letters clarifyin g
division of duties for headquarters and production bases . Safety goals and key metrics are incorporated into the performance appraisal The Company rigorously reviews the health and safety qualification sof contractors thoroughly assesses their health and safety
system to drive the implementation of primary safety and environmental responsibilitie. sThe general manager of a production and capabilities and signs safety agreements to define safety management responsibilitie. sAdditionally the Company conducts regular
operation unit is responsible for establishing improving and implementing the unit' s full-staff work safety responsibilit ysystem safety reviews of contractors and outsourced employees ensuring the health and safety of outsourced employees . At the same time the
strengthening the development of work safety standardization and assuming comprehensive responsibilit yfor the unit' s work safety. Company strengthens safety awareness training for outsourced employees providing safety education and risk briefings before they
On this basis the Company further links management compensation directly to safety management performance . A compensation begin work enhancing work approval and on -site supervision and intensifyin gsafety inspections and rectificatio nefforts to ensure
constraint mechanism is implemented for serious safety violations to strengthen the internal drive for health and safety management outsourced personnel fully understand health and safety risks and master effective response measures thereby preventing accidents
and promote the effectiv eachievement of safety targets. involving contractors and outsourced employees .
83 84Sustainability Report
Safety Production Risk Prevention and Control Safety Production Awareness Publicity
BNBM established a top-down safety risk prevention and control mechanism . Headquarters are responsible for identifyin gtop- BNBM continues to carry out various This year
level risks and monitoring them . Based on this related companies and production bases systematically carry out identification types of safety awareness activities
prevention and control of health and safety risks according to their own operations ensuring requirements are effectivel y through "Safety Production Month"
implemented in frontline units. emergency drills and safety 3 Safety Committee meetings
education training to enhance
The Company continues to advance the health and safety risk prevention and control mechanism in accordance with systems
employees' safety awareness and
such as the Safety Management Measures for Production and Operation Sites Equipment and Facilitie wsith Major Hazards of 5 group -wide safety and environmental protection work meetingsadvocate a safety culture.BNBM and the Measures for Identificatio nand Evaluation of Environmental and Hazardous Factors of BNBM . Headquarters
provides continuous guidance to enterprises at all levels on risk classificatio cnontrol and hazard screening promoting closed-
loop management of identification assessment control and rectificatio.n
Health and safety audits and major risk identificatio nin production systems are implemented in our headquarters regularly. The "Production Safety Month" Activities
Comparison Table of Major Hazards and Control Measures for Production Systems and the Identificatio nand Evaluation
Description for Major Hazards and Important Environmental Factors for Production Systems are improved continuously providing
Through the "Safety Production Month" series of activitie sthe Company integrates safety requirements into daily management
methodological support and management basis for subsidiaries to identify key risks and implement targeted control measures .and employee conduct continuously improving safety awareness and emergency response capabilitie sand deepening the level of
Regarding safety risks in shared venues the Company continues to focus on "factory-in-factory" "park-in-park" and "office safety governance .building leasing" scenarios. Through hazard screening and rectificatio gnuidance for lessees it strengthens unified coordination
and management to effectivel pyrevent safety risks.Following the requirements of the "tackling the root cause" action for safety production hazard
Production Safety Audits Hazard screening was extended from management -led to group -wide participation. Principals of
Screening and enterprises at all levels led on -site screenings implementing closed-loop rectificatio nand
Rectification verificatio nfor discovered issues. During "Safety Production Month" a cumulative 1857 hazard
BNBM continues to follow the Measures for the Management of Safety Production and Ecological Environmental Protection
screenings were conducted with a 100 % rectificatio cnompletion rate;
Inspections of BNBM clarifyin gdivision of duties and focus areas for headquarters and business segments during inspections and
conducting annual inspections as planned . Simultaneously the Company tilt supervision resources toward key areas such as
overseas enterprises construction projects hazardous chemicals and lessee management . It also organizes cross-inspections
between business segments to promote experience sharing and mutual learning continuously improving inspection levels and
risk prevention and control capabilitie.s Using "Safety Publicity and Consultation Day" as a carrier safety education activitie msoved out of
Safety Publicity enterprises into communities and families. Emergency knowledge and law popularization sessions
Audit functions at each level: and
were held with neighbouring units to extend safety concepts to society. During "Safety Production
Consultation
Month" a cumulative 41 safety consultation activitie wsere held with 869 participants;
Conducts regular inspections of related companies subsidiaries and project units via on -site
Headquarters inspections remote video inspections and cross-segment inspections according to the plan
along with daily random spot checks to supervise the implementation of safety responsibilitie.s
Accident Centered on main risk points units organized emergency drill sfor fire mechanical injury electri c
Emergency shock and confined spaces . On -site operations and scenario simulations were introduced to
Drills improve employees' practical handling of emergencies ;
Conduct a safety management system verificatio nfor all production bases under their jurisdictio n
Business
once a year at least one safety inspection per month and other routine or special supervision
Segments
inspections.Combined with recent safety accident cases special training and "looking back" studies were
Safety Warning conducted for high-risk operations such as hazardous work and equipment operation. Warnings
Training and rectification swere prompted by cases to strengthen risk identificatio nand standardized
operation;
This year the Company identified a total of
24477 potential safety and environmental rectification rate for all Through themed short video collections safety knowledge contests and safety speech issues through its inspections Achieving a 100 % identified hazards Safety Culture competitions grassroots employees were guided to actively participate in safety governance
Construction
propelling a cultural paradigm shift from "Passive Compliance" to "Proactive Ownership" .
85 86Sustainability Report
Safety Education and Training
The Company continuously conducts safety training centered on key risks publicizing knowledge on identifie dsafety issues to
improve awareness . This year the Company carried out the following safety training activitie:s
Centered on safety management and technical
operations enterprises across all levels 5334 training sessions 184296 participants
continued to enhance safety capabilities and
awareness.The Company continues to focus on the
certification of main principals and the 96 principals obtained 22 employees participated
professional capability of key management CNBM safety and in stat-eowned enterprise
positions. environmental training safety production online
certificates training
Three internal and external lecturers are
arranged to provide special safety and
environmental training for the chemical and 115 participants
hazardous chemical sectors across all levels.Through online platforms the Company
organized safety qualification certification 142 principals Group- 597 safety managers
and re-training for 46 main principals and wide obtained obtained qualifications
safety managers. qualifications
In 2025 enterprises across all levels of the Company carried out colorful and diverse "Safety Production Month" activities
centered on the theme of "Total Safety Awareness Individual Emergency Competenc—y Identifying safety hazards around
everyone" Conducted safety education and training for new employees covering basic safety knowledge fire safety electrica lsafety
machinery safety and emergency response knowledge followed by a three-level safety education assessment .Case Study : Strengthening Safety Capability Building for Chemicals and Hazardous Chemicals
In March 2025 BNBM organized special safety and
environmental training for chemicals and hazardous chemicals
across all levels. Focusing on high-risk fields the training used
regulation interpretation typical accident case analysis and
explanations of actual company scenarios to systematically
strengthen personnel's mastery of safety responsibilit y
implementation determination of major accident hazards
environmental compliance and emergency response . External
authoritative experts and internal safety management heads are
invited as lecturers in the training. Closely combined with the
characteristic sof gypsum board waterproofing and coatings
the training focused on risk identificatio nand ful-lprocess
control effectivel yenhancing the compliance awareness and
In 2025 enterprises across all levels conducted a cumulative 935 emergency drills with 20613 participants effectively
professional capability of relevant personnel and providing
improving employees' safety awareness and emergency capabilities Chemical and Hazardous Chemical Safety and
strong support for the Company's intrinsi csafety level. Environmental Training across All Levels
87 88Sustainability Report
Safeguarding Employee Rights Compensation and Performance
The Company formulated measures such as the Measures for the Administration of Headquarter Job Levels and Compensation
the Measures for the Administration of Headquarter Performance and the Measures for the Administration of Headquarter
BNBM upholds a "people -oriented" development philosophy committing to creating a diverse equal inclusive and harmonious Employee Performance Benefits and Business Expenses (Trial.) It established a compensation management mechanism linked to
working environment . Guided by the Policy Statement on Human Right the Company focuses on and identifie spotential human the job level system and integrated compensation distributio nwith performance appraisal providing clear and standardized
rights risks. By establishing accessible grievance and feedback channels we drive rectificatio annd continuous improvement to grounds for employee compensation and performance management .ensure measures are implemented effectivel.y We constantly refine human rights practices to create a workplace that respects
human rights solidifyin ga firm talent foundation for high-quality and sustainable development . The Company implements a group -wide annual quantitative performance appraisal mechanism signing Annual Organizational
Performance Target Responsibility Letters with managers of all enterprises and Personal Performance Responsibility Letters with
The Company strictl cyomplies with the Labor Law of the People's Republic of China and the Labor Contract Law of the People's all headquarter employees to clarif yannual goals and work orientations. Employee compensation consists of position salary and
Republic of China . Combined with its business layout and operations it built a standardized management system covering annual performance bonuses implementing broadband compensation management . Evaluation forms such as target setting and
recruitment labor management career development and rights protection to ensure employees are treated fairly justly and appraisal multi-dimensional employee performance assessment team/department performance evaluation and direct dialogue
compliantly in employment compensation promotion and career growth . The Company explicitl pyrohibits any form of forced or are carried out periodicall yor irregularl ythroughout the year. Reasonable performance results are given to all employees and
compulsory labor and child labor resolutely opposes discrimination and respects and supports employees' legal rights to directly reflected in compensation adjustments .freedom of association and collectiv ebargaining fostering an environment of justice respect and inclusion.The variable portion of senior management compensation linked to performance accounts for approximately 60% 40% –50% for
middle management and 25% –40% for employees . Employee performance bonuses are determined based on factors such as
Implementing Rights Protection company performance organizational performance and individual performance results floating within corresponding ranges.Recruitment and Termination Senior management Middle management Employees
BNBM consistently adheres to the principles of fair employment and compliant labor. We strictl ycomply with national laws 60 % 40 % - 50 % 25 % - 40 %
regulations and policies related to labor employment continuously optimizing and implementing internal systems such as the
Headquarters Recruitment Management System Employee Handbook and the Measures for the Administration of New Talents
(Trial.) This systematically standardizes key links such as recruitment hiring and dismissal building a fair transparent and
controllable labor management system . The Company uses scientifi acnd systematic methods and tools for talent selection during With the core principles of safeguarding legal labor remuneration and decent living needs the Company built a compliant fair
recruitment standardizing full-process management to ensure labor practices are compliant and documented according to law . and orderly compensation management system . Within the compensation framework based on position value and performance
contribution it provides complete welfare arrangements and systematically standardizes processes for compensation calculation
In recruitment management the Company persists in the principles of fairness openness competition and integrit.y All
distribution and adjustment . This prevents labor risks such as wage arrears and deductions from an institutiona level. By
applicants are treated equally and recruitment conditions are set strictl ybased on job requirements without differentiatio n
conducting regular market salary surveys and optimizing the compensation framework the Company ensures compensation
based on gender age ethnicity religion or other factors irrelevan tto the job. The Company explicitl sytandardizes management
levels match its strategic positioning and maintain market competitiveness . Under the guarantee of the aforementioned
requirements for job postings resume screening and interview evaluations to prevent any behavior affecting fair employment
mechanisms the average compensation of employees remained stable. Compensation standards for all staff were higher than the
and effectivel ysafeguard workers' equal employment rights. No incidents related to employment discrimination occurred during
statutory minimum wage requirements in various locations and salaries were paid in full and on time. Through annual salary
the reporting period. For labor disputes the Company coordinates and handles them according to the procedures of consultation
adjustments performance incentives and supporting measures such as social insurance housing funds and diverse benefits the
(reconciliation )mediation arbitration and litigatio. nFor cases where the Company proposes termination upon contract
Company continuously improves the competitiveness of employee income and the level of living security effectivel yprotecting
expiration or proposes negotiated termination a 30-day notice period is strictl pyrovided in accordance with the Labor Contract
employees' legal rights to receive reasonable remuneration and support a basic lif.e
Law of the People's Republic of China and economic compensation is paid to the worker .In 2025 BNBM continued to promote the construction of medium/long -term incentive mechanisms integrating employee
Regarding the prohibition of child labor and the avoidance of forced labor the Company strictl cyomplies with the Labor Law of
incentives with the Company's operating performance and long-term development goals. This year the Company implemented
the People's Republic of China the Law of the People's Republic of China on the Protection of Minors and the Provisions on the
equity incentives for directors senior management and core backbones at all levels further exerting the long-term role of equity
Prohibition of Using Child Labor explicitl pyrohibiting any form of child labor and forced labor. The Company strictl cyonducts
incentives in uniting core teams and stabilizin gkey talent. Meanwhile by linking operating results with employee incentives the
age and identity verificatio nduring employee onboarding retaining materials such as ID cards and household registers. Age
Company promoted an incentive mechanism of shared interests and risks between the Company and employees enhancing
information is simultaneously entered and verified in the human resource management system . Regular information screenings
organizational vitalit aynd development resilienc.e
are conducted and records are kept ensuring employment information is authentic complete and traceable. Meanwhile the
Company signs labor contracts with employees according to the principles of equality and voluntariness. During this reporting
period no incidents of child labor or forced labor occurred . Fair and Transparent Promotions
This year the Company further refined the management measures for the internal job level system clarifyin gand detailing the
conditions for promotion demotion and exit for personnel at each level to continuously improve the standardization and
transparency of job level management . The Company has established five promotion channels : Management Function
Technology Marketing and Production . It supports mutual transformation between channels opens internal transfer paths and
fairness openness competition integrity publicly releases job vacancies across all levels adopting a competitive recruitment system where eligibl eemployees can
participate in accordance with prescribed procedures . This ensures that all types of employees have clear career promotion paths
matching their abilitie asnd development directions.
89 90Sustainability Report
Case Study : "Walking Hand in Hand" — BNBM Headquarters Labor Union Organizes "Female Power Practicing Original
Promoting Diversity Aspirations Green Craftsmanship Showing Responsibility" Activity
and Equality
In 2025 the Company's Headquarters Labor
BNBM attaches great importance to the positive role of Union held a Women's Day activit.y Using
diversit y and inclusion in talent development and intangible cultural heritage rope art as a bond
organizational governance . Adhering to a diversifie dtalent the event promoted cultural exchange and As at the end of the reporting period
recruitment strategy the Company actively carries out emotional connection between central
localized and diversifie drecruitment activitie sbased on its enterprises. During the event Guan Dehui
Secretary of the Party Committee Chairman
global layout and overseas business development . It respects 19.27 % Female employees and General Manager of BNBM took group
local cultures and regulations formulates recruitment
strategies tailored to local conditions and broadens local photos with female employees and extended
channels to achieve synergy between talent introduction and holiday greetings and best wishes . The Deputy
regional economic development . Principles such as fair Secretary of the Party Committee Director and
employment anti-discrimination and equal development 918 Chairman of the Labor Union attended the people Ethnic minority employees
opportunities have been incorporated into the human event encouraging female employees to
resource management system and employee code of ground themselves in their positions shoulder
conduct . By regularly monitoring the gender pay gap the missions and demonstrate female
Company ensures the fairness of the compensation system responsibilit y in the Company's green BNBM Headquarters Labor Union Women's Day Activity
achieves equal pay for equal work between men and women a year-on -year increase of transformation and high-quality development .and implements these principles integrall y across
recruitment promotion compensation and daily 48 people
management . Through new employee training management
training and regular publicity the Company continuously
strengthens the recognition and execution of diversity Case Study : "Blooming for Passion" — BNBM Carpoly Creates a Female -Friendly Workplace Environment
equity and inclusion (DEI) concepts driving the
implementation of relevant requirements across all levels to
steadily foster a healthy and inclusive workplace The BNBM Carpoly Labor Union in collaboration
environment . with the labor unions of its subsidiaries
organized a series of activitie sto celebrate
International Women's Day under the theme
"Blooming for Passion · Moving Towards
The Company is committed to safeguarding the rights and well-being of female employees . The Company regularly organizes
Beauty" . The activitie s included a
group building activitie fsor female employees holds seminars invites female employees to share their opinions and suggestions
commendation meeting for March 8th Red Flag
and builds an open and inclusive communication environment . To care for the physical and mental health of female employees in
Bearers and a female representatives '
an all-around way the Company purchased additional insurance types including Special Disease Insurance and Maternity
symposium a "Spring Outing" group activity
Insurance. It also established independent and private nursing rooms in work areas equipped with refrigerators sterilizer s
movie ticket distribution and a "Blooming
comfortable seating and power outlets to provide a safe and convenient care space for mothers .Moment" photography display. These efforts
Centering on care for female employees and the construction of a diverse and equal culture the Headquarters Labor Union and support the development of female employees
subsidiaries coordinated various cultural experiences and themed care activitie sduring important dates such as International through honorary incentives and
BNBM Carpoly "Blooming for Passion"
Women's Day and Mother's Day . Through intangible cultural heritage experiences artisti creation and emotional expression physical/mental care creating a workplace Women's Day Activity
employees were guided to release pressure and enhance happiness while inheriting excellent Chinese culture and strengthening atmosphere of respect equality and inclusion.emotional connections fostering a workplace atmosphere that respects women cares for families and embraces diversit.y
91 92Sustainability Report
Smoothing Communication Channels Supporting Employee Development
BNBM is committed to creating an efficient smooth and open communication platform for employees . By improving the
institutiona lsystem smoothing communication channels and establishing advanced role models the Company effectivel y The Company considers promoting the comprehensive
safeguards employees' legal rights and enhances their sense of belonging and cohesion . The Company's Empl oyee Handbook development of employees as its responsibility with talent During the reporting period
clearly defines the core principles of every employee's right to know participate express and supervise. The Company actively appreciation as its core philosophy creating a diversifie d
promotes a culture of sincere and transparent communication encouraging candid and friendly exchanges among employees and training system and career development paths. In 2025
between different levels of the organization fostering a harmonious and collaborative work environment . Effectiv e BNBM actively fulfille idts social responsibilit yby responding 188 graduates were recruited
communication facilitate isnformation flow and work progress. to the national call to stabiliz eand expand employment . It
The Company established a diversifie demployee communication and feedback mechanism . Employees can provide feedback and focused on the employment of key groups such as college joined BNBM through the "New
suggestions via Enterprise WeChat telephone and email. Simultaneously the General Manager's Mailbox and the letter sand visit s graduates achieving synergy between business expansion 28 graduates Material Students" program.department fully exert their coordinating and stabilizin groles. The Company attaches great importance to harmonious labor and talent strategy.relations. When disputes occur priorit yis given to resolving issues through friendly consultation. Focusing on employee concerns
the Company receives visit sfrom active and retired employees with earnestness and warmth patiently providing guidance and
interpreting policies to ensure issues are timely conveyed to relevant departments . Through online channels such as WeChat
groups and telephone the Company answered questions for employees over 400 times throughout the year effectivel yresolving Strengthening Talent Attraction
conflict sand enhancing employees' sense of gain and belonging .The Company persists in and improves the democratic management system with the Employee Representative Congress as the To build a closed-loop cultivatio nmechanism covering talent selection deployment cultivation and retention the Company
basic form . It has established and refined the performance mechanism for employee directors and representatives achieving a utilize sscientifi cand systematic talent selection tools and standardized interview processes during the recruitment stage to
100 % membership rate among employees at all levels. The Company holds the Employee Representative Congress periodicall y accurately identify and introduce talent. It formulated the Measures for the Administration of New Talents to develop
every year to review the BNBM Work Report report on production and operation to employee representatives and widely collect differentiate dtraining plans based on individual professional backgrounds and development potential. A "Trinity "mentorship
opinions and suggestions on the working environment health and safety and compensation to effectivel ysafeguard employees' system consisting of professional mentors career development counselors and business module teaching assistants was
legal rights. established to provide multi-dimensional support . The cultivatio nof New Material Students adheres to a "frontlin egrowth"
orientation. Through a systematic job rotation mechanism we enhance their understanding of comprehensive business and
The Company attaches great importance to the selection of model workers and the promotion of advanced role models . 3 problem -solving abilitie. sSupporting this is a dynamic evaluation and adjustment mechanism to continuously optimize
employees were successfully awarded the titl eof CNBM Model Worker . The Company carefully organized a CNBM Model Worker cultivatio npaths and promote the stable growth and effectiv eretention of young talent.lecture tour arranging for one model worker to speak on -site which received widespread praise. Simultaneously the Company
actively built an exchange platform for model workers organizing a symposium for model workers craftsmen and outstanding During the reporting period aligned with the needs of global layout and overseas business development BNBM continued to
young representatives. Using an "offlin e+ online" combined format the event attracted over 400 participants creating a positive optimize localized talent attraction and labor management arrangements . While full yrespecting the cultural backgrounds
corporate culture of respecting labor and strivin gfor excellence. workplace customs and labor laws and regulations of operating locations and considering local talent market supply and
demand the Company formulated tailored recruitment strategies. It actively broadened local employment channels to
To accurately grasp employee needs the Company conducted the BNBM Spiritua lCivilizatio nActivit yDemand Questionnaire synchronize talent introduction with regional development promoting employment and economic growth in operating locations.collecting 142 valid responses from headquarters labor union members providing data support for optimizing employee services. Specific measures include:
Meanwhile the Company continues to conduct satisfactio nsurveys covering all employees collecting feedback through
questionnaires and interviews. As of the end of 2025 the Company has conducted satisfactio nsurveys and evaluations for 8
consecutive years systematically collecting opinions and suggestions on compensation and benefits career development
working environment and communication mechanisms . Based on these it continues to optimize relevant systems and measures Building Localized Employment Bridging Platforms
to enhance employee care and management efficienc.y During the reporting period the satisfactio nof all employees increased by
0.62% compared to 2024 showing a steady year-on -year upward trend. In June 2025 BNBM participated in the 4th Sino-Tanzania Talent Exchange Conference organized by the Chinese Embassy in
Tanzania providing diverse employment opportunities for local youth to support local employment and social sustainabilit.y
Deepening School -Enterprise Exchange and Young Talent Cultivation
In 2025 the Company held the "Good Use of Culture Journey" event invitin gstudents from the Dar es Salaam Institut eof
Technology to visi tBNBM Tanzania for tours and seminars providing internships and employment opportunities for local
students while showcasing the achievements of "Belt and Road" projects.Expanding the Driving Effect of Localized Employment
Through the coordination of localized recruitment and business operations the Company provided 1000 direct and indirect
job opportunities for local communities in Tanzania effectivel yimproving local employment and promoting the economic
and social development of operating locations.
93 94Sustainability Report
Strengthening Talent Cultivation Case Study : Conducting Leadership Training for Young and Middle -aged Cadres to Support Talent Echelon Construction
In 2025 the Company organized the 5th training class for
In 2025 BNBM further optimized its employee training management system centered on "strategy orientation ful lcoverage
young and middle -aged cadres. Centering on national
hierarchical classificatio nand continuous development" . The Company established a three-tier training management structure
macro development trends and company strategic
coordinated by the Human Resources Department implemented collaborativel yby business units and supported by professional
priorities the course content was systematically
institution sand internal lecturers. By forming a combined online and offlin etraining model it promoted the systematic
designed . Experts from universitie sand industry mentors
standardized and regular operation of training work . This management structure clarifie sresponsibilitie sat each level
were introduced to provide precise lectures based on the
strengthens the integration of training resources and effect evaluation and promotes a deep connection between training
trainees' capability levels. During the training through
management and company strategic goals business development needs and employee growth paths.diverse activitie ssuch as action learning reports the
The training course system continues to improve gradually forming a three-dimensional matrix centered on "Three Levels and Six "Enterprise Super" sports meet and "Harmony" concerts
Categories". In the level dimension it covers three major stages: orientation training for new employees capability enhancement the concept of synergisti cintegration was integrated
training for core employees and leadership development training for management . In the content dimension six major course throughout promoting cross-segment exchange and
modules are systematically set up : Culture and Values Job Skills Management Enhancement Innovation and Digitalizatio n collaboration. It also drove the transformation of action
Health Safety and Environment (HSE) and Professionalism and Compliance . These meet the diverse learning needs of employees learning results into actual work organizing trainees to
across different job sequences and development stages. centrally display practice results and development ideas The 5th Training Class for Young and Midd-laeged Officials
promoting the enhancement of leadership levels.As of 2025
BNBM Training Course System
Focusing on the professional knowledge and skill srequired for job performance to continuously improve job 195 cadres 46 cadres
Specialized competency . During the reporting period BNBM organized 12 sessions of digitalizatio snpecial training with
Training over 5000 participants strongly supporting the implementation of the Company's digita lstrategy. Through were trained through the young and middle - achieved job promotions accounting for approximately
continuous skil lreshaping and job empowerment the Company effectivel yresponded to structural impacts aged cadre training classes 24% effectivel yexerting the supporting role of young and
brought by industria ltransformation and climate change . Dragon Brand Company implemented "learning middle -aged officia l cultivatio n in talent echelon
through testing" special training for sales personnel with over 2500 participants effectivel yenhancing the construction
professional capability and practical level of frontline business personnel .General Focusing on improving general knowledge and skill samong employees to strengthen professionalism and
Training comprehensive capabilitie.s During the reporting period the Company organized a series of training
sessions on topics such as structural thinking tools and applications and work efficienc yenhancement and
efficien texecution with over 800 participants supporting the improvement of employees' comprehensive
capabilitie sand work efficienc.y
Medium/long -term non -degree training for specific groups . This year the Company continued to organize
Professional
orientation training for New Material Students to help them adapt to the company environment familiariz e
Training
themselves with work processes and integrate into the corporate culture as quickly as possible.Systematically promoting multi-level and immersive corporate culture training integrating corporate
Cultural culture into the entire process of employee cultivatio.n Focusing on the cultivatio nof new employees and
Training New Material Students the Company helps employees understand its mission vision and values through
the "firs tlesson" on onboarding lectures by company leaders cultural and business tours as well as quality
expansion and experience sharing. Simultaneously combined with annual cultural activitie sexcellence
selections and themed practical activitie semployees are guided to practice corporate culture through
actual participation.Centering on employee capability enhancement and talent echelon construction the Company continues to
School - promote cooperation and exchange with universitie sand has established contacts with multiple
Enterprise
institution.s In 2025 it collaborated with the University of International Business and Economics to conduct
Exchange
2 sessions of the Master of Equivalency program encouraged employees to participate in part-time doctoral
programs at partner universities and supported multi-level professional capability enhancement for
employees .
95 96Sustainability Report
Focusing on Employee Care The Company respects employees' rights to rest and leave constructing a scientifi cand reasonable work -hour management system . It has established a monitoring mechanism for work hours and overtime to avoid excessively long overtime and provides
employees with time off in lieu or overtime pay aiming for a virtuous cycle of "efficien wtork and healthy life."
BNBM consistently places employee well-being at the core of its sustainable development strategy effectivel yenhancing The Company is committed to providing employees with diverse and high-quality security measures . It provides all employees
employees' sense of belonging happiness and career quality through a sound care system and diverse measures . Practicing the with pension insurance medical insurance work -related injury insurance maternity insurance unemployment insurance and
mission of "green technology quality life" the Company insist son building the featured brand of "One Activit yper Month" housing funds. Beyond this by establishing an enterprise annuity plan it continuously improves the level of welfare security for
constructing a diverse service system covering festiva lcare cultural inheritance public welfare practice and cross-border employees after retirement mobilizes labor enthusiasm and builds a long-term talent incentive mechanism . The Company also
exchange . Throughout the year the Company successfully organized a series of activitie such as New Year greetings Lantern organizes annual employee welfare physical examinations to help employees full yunderstand their physical condition and
Festival riddle meetings "Luminous Home" series wall painting public welfare and Mother's Day heart-warming activitie s strengthen disease prevention and health management . In terms of daily lif esecurity the Company provides employees with
effectivel cyonsolidating employee consensus enhancing team synergy and enriching employees' spiritua land cultural lif.e welfare measures including free shuttle buses free meals holiday gifts and extreme weather leave enhancing their sense of
belonging .On the basis of implementing statutory leave rights the Company expands welfare leave based on actual needs . It has established
leave systems such as paid annual leave sick leave marriage leave maternity leave personal leave and childcare leave. The
Company strictl yfollows the Labor Law of the People's Republic of China the Special Rules on the Labor Protection of Female
Employees and supporting policies in employee locations. It legally implements paid maternity-related leave arrangements .Female employees are entitled to no less than 98 days of paid maternity leave by law and male employees are entitled to no less
than 15 days of paid paternity leave. Specific days are implemented according to local regulations in employee locations and the
relevant leave policies apply to all employees . The Company also provides breastfeeding employees with a total of 1 hour of paid
breastfeeding per day and supports flexibl escheduling based on actual needs until the infant is 1 year old. Simultaneously a
childcare support policy is provided to all regular employees who can apply for paid childcare leave before their child reaches the
age of 3 helping employees better balance work and family responsibilitie.s
The Company actively responds to the national Healthy China strategy proactively implementing health calls such as "Weight The Company continues to deepen special assistance for employees in difficult aynd those with serious illnesses establishing a
Management Year". It continuously optimizes the working and living environment for employees investing over CNY 200 000 in dynamic care ledger and providing diverse security through material support precise policy matching and regular emotional
special funds to build cultural and sports venues including gyms and outdoor multi-functional ball courts. During the reporting return visit.s
period the Company organized 400 sessions of themed fitness classes such as the BNBM "Trend Dance" Club Yoga Club and
Swimming Club attracting 12000 employee participations and effectivel ypromoting physical and mental health. Simultaneously
targeting employees in key frontline production positions all-level labor unions coordinated the "Summer Cooling" special During the reporting period
condolence activity covering 5000 employees throughout the year to effectivel ysafeguard labor safety and health rights during
high-temperature seasons . In terms of mental health care the Company organized mental health counseling activitie wsith 200
employee participations further focusing on and supporting employees’ physical and mental health. 300 employees 9700 person -times
Cumulatively extended condolences to employees in Conducted care initiative saround key lif eevents such as
difficul ctircumstances and those with major illnesses employee illness childbirth and marriage
Coordinate with assistance resources
Assisted12 employees CNY 260000
with serious or major illnesse sin successfully applying for Cumulatively secured assistance funds
support from the CNBM Shanjian Public Welfare Fund
97 98Sustainability Report
05 BNBM always takes building a responsible supply chain as a development goal. By continuously Responsible improving the supply chain management system and integrating ESG concepts into the full lif-ecycle
management of suppliers we are committed to building stable efficient mutually beneficial and win -
Industry Co - win sustainable development partnerships creating an environment -friendly high-quality and responsible sustainable supply chain. Meanwhile we pay close attention to the impact of our operations
on surrounding areas committing to enhancing communication and interaction with neighboring
construction communities through diverse ways . We actively participate in public welfare and community construction such as education culture and sports actively giving back to society and demonstrating
corporate responsibilit.y
99 100Sustainability Report
Promoting Win -Win Cooperation
BNBM adheres to the principles of "honest cooperation equality and mutual benefit and common development" continuously
strengthening its responsible corporate image and promoting the establishment of mutually trustful mutually beneficial long-
term and stable cooperative relationships with business partners. The Company focuses on supply chain risk management Cooperation Stage
strengthening capability building for risk management and identificatio.n Through ful llif-ecycle management covering supplier
entry cooperation auditing and exit it enhances cooperation efficienc yand stabilit.y Simultaneously the Company continues to
strengthen the capability building and awareness publicity of partners in sustainable development promoting win -win
Contracts containing ESG -related clauses are signed with Suppliers sign the Integrit yCommitment Letter and the
cooperation and driving the sustainable and healthy development of the supply chain.all cooperative suppliers including the Safety and Cooperation Agreement on Confidentialit yand Prevention
Environmental Protection Agreement and the Agreement of Corrupt Practices achieving 100 % coverage of integrit y
on Prevention of Bribery and Blacklis tManagement . Core notificatio n letter s to suppliers clarifyin g integrit y
Building a Sustainable Supply Chain standards and behavioral norms for both parties. The clauses explicitl cyover environmental compliance energy Company also established and smoothed corruption
saving and low carbon employee rights protection anti-
reporting mechanisms and suppliers with corruption
corruption prohibition of child labor and forced labor and issues are included in blacklis tmanagement and subjected
The Company continues to improve its sustainable supply chain management system fully exerting supply chain synergy to create information confidentialit;y to corresponding punitive measures according to law and
high-quality products and services with suppliers. This year the Company strictl yfollowed core systems covering all suppliers regulations. Simultaneously integrit yeducation is carried
out for suppliers to strengthen awareness of honesty and
such as the Procurement Management System Supplier Management Measures and the Measures for the Administration of compliance . Supplier contract fulfilment is periodicall y
Supplier Blacklists building a ful llif-ecycle supplier management mechanism covering entry cooperation evaluation and exit. reviewed to ensure all suppliers comply with relevant
The Company integrated ESG concepts into the supplier management process requiring all suppliers to strictl yabide by regulations and maintain business secrets and compliance
order. During the reporting period no corruption-related
commitments in employee rights environmental protection and risk management . It established a dynamic supplier evaluation
violations occurred in the Company .mechanism with the Strategy and ESG Committee incorporating sustainable supply chain construction into unified supervision
and management within the ESG scope to achieve win -win cooperation and sustainable development .Supplier lifecycle management
Audit Stage
Entry Stage
BNBM implements a normalized performance evaluation Based on the results of performance evaluations and
According to the Supplier Management Measures the Company evaluates suppliers' management in compliance and risk prevention and control mechanism for all screenings the Company dynamically revises the directory
qualifications environmental management occupational health and safety and product quality through document review suppliers. Performance evaluations are conducted for all of qualified suppliers to achieve continuous classifie d
on -site audits remote videos and product trial.s Combined with country industry and procurement commodity suppliers at least once a year to comprehensively evaluate management of suppliers. For suppliers identifie dwith
characteristics it focuses on verifying whether suppliers have legally obtained quality safety environmental and other their fulfilment performance and ESG -related high sustainabilit yrisks such as high energy consumption
performance . Simultaneously for suppliers in high-risk potential occupational health and safety issues or
production/operation qualification srequired by the state and the Company and whether they have established and
industries such as chemicals and manufacturing special integrit ycompliance risks the Company will urge them to
effectivel yoperated corresponding quality environmental and safety management systems to ensure suppliers comply with
risk screenings are conducted quarterly. formulate rectificatio nand enhancement plans and
the Company's supplier management system and the Supplier Code of Conduct .continuously track the implementation of rectification s
and improvement results.In the environmental aspect the In the social aspect the Company pays In the governance aspect the
Company focuses on verifying attention to the protection of supplier Company focuses on verifying
whether they have legally obtained employee rights strictly reviewing whether suppliers have records of
environmental impact assessment whether theirl abour management violations in the past three years
procedures and discharge permits systems are sound whether there is whether they have signed integrity
passed quality environmental and childl abour or forcedl abour whether contracts and confidentiality
safety management system social insurance is legally paid for agreements and pays attention to Exit Stage
certifications and evaluates whether employees and whether special their commercial reputation to
their production processes meet lo-w operation personnel are certified. It ensure no dishonest behaviour exists.carbon development requirements also comprehensively evaluates their This strengthens supply chain
checking for high energy practices in diversified employment integrity and compliance
For suppliers that stil lfai lto meet the Company's minimum requirements after rectificatio nsuch as failin genvironmental
consumption or backward and the protection of vulnerable management maintaining long -term
production equipment to prevent groups' rights; stability and sustainability of rectification osr having labor rights violations the Company will terminate cooperation with them . For suppliers that commit
environmental compliance and cooperative relationships. illega lacts or violations the Company will in accordance with the Measures for the Administration of Supplier Blacklists prohibit
operational risks from the source; them from participatin gin procurement activitie osf the Company and its subordinate enterprises at all levels for a certain period
or permanently depending on the nature of the violation and the impact on the Company . For suppliers with particularl yegregious
behaviour the Company will cancel their cooperation eligibili taynd include them on the supplier "Blacklist."
Strictl ysupervise and audit the procurement process to prevent suppliers from engaging in bribery fraud unfair competition
or other violations. For cases violating the Supplier Code of Conduct a "one -vote veto" mechanism is implemented and their
eligibili tfyor entry and cooperation is cancelled. For those violating supplier entry rules and causing losses to state-owned
assets or serious adverse consequences accountability will be pursued according to regulations discipline and law .
101 102Sustainability Report
Classified Management of Suppliers Collaborative Development with Suppliers
In accordance with the Supplier Management Measures and the Measures for the Administration of Supplier Blacklists the
Company implements continuous control over environmental social and business ethics risks of suppliers during the BNBM actively implements green procurement strategies In 2025
cooperation period. Through differentiate dand dynamic management measures it precisely allocates supply chain resources and taking low -carbon environmental protection use of clean
improves supply chain stabilit aynd resilienc.e energy and low environmental damage as important bases
for procurement decisions. In the process of supplier
The Company focuses on identifyin gbusiness-related risks such as quality delivery price and service as well as ESG risks like selection and cooperation the Company conducts supplier
environmental protection safety production and integrit ycompliance . This is mainly carried out through continuous review of 1802 suppliersdue diligence to systematically verify and evaluate suppliers'
supplier qualificatio ndocuments and annual comprehensive performance scoring. On the basis of the dynamic supplier environmental compliance resource and energy use
The Company conducted training and capability
classificatio mnanagement mechanism for Grade D high-risk suppliers identifie dwith major violations or serious breaches of structure pollutant emission control measures and the
enhancement activities with suppliers to promote
contract the Company will legally cancel their cooperation eligibili taynd include them in supplier blacklis tmanagement implementation of relevant management systems . Combined
collaborative development.according to regulations effectivel cyontrolling supply chain risks through stric texit and punitive mechanisms . with the verificatio nresults it comprehensively judges their
environmental risk level. Under equal conditions the
Company will prioritiz eenvironment -friendly suppliers and
urge suppliers to incorporate green development concepts
Supplier Importance Classification Management Mechanism into production processes advocating the use of green
packaging to reduce waste generation and jointl yprotecting Case Study : BNBM Carpoly Deepens Technical Synergy to
the ecological environment . Jointly Promote Product Quality Improvement
To strengthen supply chain ESG management requirements
on the basis of supplier due diligence and cooperation
BNBM Carpoly organized a technical exchange meeting
management the Company signs safety and environmental
Divided by level for suppliers around key products such as elasti c
agreements with suppliers requiring both parties to jointl y
comply with national laws regulations and internal ESG emulsions . The Company's technical department and
management provisions. It clarifie sthat suppliers have the supplier engineers conducted a special discussion on
Level 1 Centralized Suppliers: Level 2 Centralized Suppliers: Other Suppliers:
obligation to carry out production and operation activitie s performance testing of anti-alkal iprimer emulsions .Managed centrally by CNBM Managed by the Company's Primarily serve requirements for according to requirements for energy saving water saving Both parties systematically sorted testing methods
primarily responsible for supply chain center general materials and sporadic environmental protection circulation low carbon and benchmarked against industry standards and model
regeneration. Through various measures resource and
centralized procurement of services outside the scope of solutions clarifie dproduct performance optimization
energy consumption are strictl ycontrolled and pollutant directions and planned to continuously improve
general materials for the Group Level 1 and Level 2 centralized emissions reduced effectivel ylowering potential negative discovered problems through joint on -site
procurement impacts of production and operation on the ecological experiments . By deepening technical synergy with
environment and human health to jointl ycreate a green and
suppliers BNBM Carpoly drives the mutual
sustainable supply chain ecosystem .Divided by annual comprehensive evaluation results improvement of product quality and technical
This year we committed to enhancing supply chain capability solidifyin gthe foundation for collaborative
competitiveness by actively carrying out strategic supply chain innovation and supporting sustainable
Grade A (≥85 points Excellent): Grade B (75–85 points Good): cooperation with suppliers and organizing various ESG corporate development .Identified as strategic suppliers with -tleornmg cooperative Listed as conventional cooperative suppliers supervised to exchange activitie. sThrough supplier conferences technical
exchange meetings and industry seminars we synchronize
relationships and prioritized procurement shares continuously optimize operating capabilities with limited information with suppliers on industria lpolicy orientation
procurement implemented market supply and demand production and inventory status
and product quality feedback . We conduct exchanges with
Grade C (60–75 points qualified): Grade D (<60 points Unqualified): suppliers on production equipment iteration core
technological innovation and production process
Act as emergency procurement suppliers with rectification Supplier qualification cancelled and exit procedures
improvement conveying the Company's ESG philosophy to
requirements and clear completion deadlines proposed initiated. suppliers and encouraging them to prioritiz eenvironment -
friendly raw and auxiliar ymaterials promoting information
sharing and synergy to jointl ydrive the sustainabilit yof the
Implementation of Classified Dynamic Management Mechanism
industry. In addition we actively push suppliers to strengthen
foundational management guiding them to establish
normalized safety production control mechanisms and carry
The Company conducts an annual review of supplier classification results dynamically adjusting categories based on
out regular hazard screenings job safety skil ltraining and
fulfillment performance and achievement of ESG indicators continuously implementing the management principle of emergency drill.s We strengthen integrit yand self-disciplin e
"supporting the excellent and eliminating the inferior". education for suppliers and conduct knowledge learning and
Technical department and supplier engineers conduct a
exchange activitie s on laws regulations and social special discussion
environment to comprehensively improve supplier capability
and management level continuously empowering suppliers.
103 104Sustainability Report
Deepening International Business Layout Co -creating Social Value
BNBM continues to deepen its international business layout and optimize the operation model of collaborative international
development . Guided by the international market it fully utilize sthe advantages of connected international and domestic markets
and scientifical lcyoordinates the optimization of resource allocation. Taking gypsum board products as the core carrier and BNBM always takes social responsibilit yas the bedrock for In 2025
technology as the core support the Company promotes overseas industria linvestment through the output of capital technology enterprise development integrating social responsibilit y
and management ; taking the construction of overseas marketing networks operation mechanisms and organizational structures concepts into company strategy and daily operations. Relying
as the main line it enhances international market expansion capabilitie sand improves international market share and brand on its own business and resource advantages the Company
globalization capabilitie;s persisting in the combination of independent innovation with introduction and absorption-re- actively participates in public welfare and carries out various
CNY 5.7908 million
innovation the Company continues to tackle core technologies in the gypsum board field enriching technical reserves and volunteer activitie sgiving back to society with the results of
enterprise development through practical actions. Through The Company's total donations and investment for activities enhancing technical strength; we solidly advance the international strategic layout cultivate international talent accumulate
its own efforts and actions the Company injects "BNBM such as rural revitalization and public welfareinternational management experience and improve the Company's internationalizatio nlevel making international business a
new economic growth point for the Company's future. Power" into promoting social progress increasing people's
well-being and realizin g"people's yearning for a better life."
Meanwhile to deepen domestic and international cultural exchange and mutual learning and build a solid bond for the steady
development of overseas business we continued to strengthen overseas brand building and innovated brand promotion models
this year. Simultaneously we strengthened publicity reports going deep into overseas production bases and reaching frontlin e
overseas employees to tap into and tel lBNBM overseas stories disseminate BNBM corporate culture and foster a positive Assisting Rural Revitalization
overseas public opinion environment . We strive to shape a warm and responsible international image pushing the Company's
brand toward an international social brand . BNBM closely integrates business development with social responsibility assisting rural revitalizatio wnith practical actions and
While actively expanding overseas business BNBM continues to practice corporate social responsibility deeply rooting itsel fin injecting continuous momentum into rural development . The Company always keeps "the top prioritie sof the nation" in mind
localized development and establishing good cooperative relationships with stakeholders such as local governments actively integrating into local development and carrying out enterprise-assisted rural development . It established poverty
communities and social organizations. We actively participate in public welfare activitie fsor local community culture education alleviatio nand education support mechanisms such as "Sunshine Student Grants" and "Funds for Party Members and Masses in
and health. Through diverse measures such as two -way talent exchange building professional training platforms and conducting Difficulty t"o support public welfare activitie lsike rural bookrooms . Taking enterprise-localit yco-construction as a base point it
systematic skil ltraining we create employment opportunities for local youth continuously improve the professional quality of the strengthens the fulfillmen tof social responsibility demonstrates central enterprise responsibility and shapes a good corporate
local workforce effectivel ydrive the regional employment level and jointl ypromote local economic development and social image . During the reporting period the Company deepened consumption -based poverty alleviation purchasing a total of
progress. Through a mutually beneficial and win -win cooperation model we achieve the common development of the enterprise approximately CNY 926 300 in featured rural revitalizatio nproducts to effectivel ydrive rural industry development and help
and society. farmers increase income through consumption assistance.Case Study : "Good Materials" Match "Good Houses" Serving Rural Revitalization through Industry
BNBM Tanzania continues to deepen its localized development practice supporting local employment talent cultivation and
community development through various forms and actively fulfilli ncgorporate social responsibilit.y
With industry as the foundation and service as the bridge BNBM keeps its promise that "good materials match the new
In 2025 countryside". It uses green high-quality building materials to participate in infrastructur econstruction and assist urban
renewal and further delivers products to millions of households through the "four transitions "service model . The BNBM
BNBM Tanzania provided as many as "Yuyan Workshop" service model shows villager sthe "good service" behind "good materials": it gathers all-brand home
decoration products for gypsum board waterproofing and coatings to provide a one -stop solution for decoration
problems from product selection and construction guidance to after-sales guarantee . Delivering benefit-to-the-people
1000 direct and indirect employment opportunities to the local community in Tanzania. building materials and professional services to the "doorsteps" of villagers it lets the vision of "good materials" building
"good houses" enter more rural families. In June 2025 BNBM Tanzania participated in the 4th China -Tanzania Talent Exchange Conference organized by the
Chinese Embassy in Tanzania providing employment opportunities to local youth actively fulfilli nsgocial responsibility
committing to social sustainability and helping the Tanzanian government solve youth employment issues. In 2025 BNBM Tanzania held the "Good Use of Culture Journey" invitin gstudents from the Dar es Salaam Institut eof
Technology to visi tand discuss at BNBM Tanzania providing internships and employment opportunities strengthening
communication with Gen Z youth and showcasing the achievements of "Belt and Road" projects. Since launching the Foreman's Association in 2022 the activit yin BNBM Tanzania has developed into an important brand
promotion and product application training platform covering all of Tanzania . While promoting product sales and
enhancing BNBM brand influence it has also trained a large number of industria lworkers with professional skill sfor the
local construction industry generating significan tsocial and commercial value. In 2025 24 Foreman's Association
meetings were held with over 1900 participants. BNBM Tanzania follows three principles for international work : "Contribute to the local economy cooperate with local
enterprises and get along friendly with the local people" . Since its establishment in 2018 it has donated building
materials many times to the Coast Region Immigration Department the Elderly Association schools around the base fire Yuyan Workshop Display House
departments police stations and disaster-affected areas to support local education and improve office environments .
105 106Sustainability Report
Case Study : BNBM and Changping Xinzhuang Sing "Unity" Music Festival Participating in Public Welfare Activities
On the evening of September 27 2025 at the Xinzhuang Park · Field East Market Forest Theater BNBM and Xinzhuang
The road of public welfare never stops. BNBM upholds its original aspiration participating in public welfare with firmer conviction
Village Xingshou Town Changping District Beijing jointl ycreated the 2025 "Village-Enterprise Together with One
and more practical actions to fulfi lslocial public welfare responsibilitie sdemonstrate enterprise responsibility and carry out
Heart · Unity Building Dreams" music festiva.l This cultural feast continued BNBM's original rural revitalizatio anspiration
various public welfare activitie tso promote social harmony and progress.for the "Harmony" concert from Diaowo Town in Zhuozhou to Xinzhuang Village. Through diverse programs chic domestic
products and bustling markets it presented a warm dialogue and vivid practice of integrated village-enterprise
development in the new era. The event attracted over 300 participants including Xinzhuang villagers BNBM employees
Case Study : BNBM Carries out "Benevolent Building" Colorful Classroom Public Welfare Teaching Support Action
and representatives from the Central Enterprise Service Department of Beijing Future Science City receiving over 8000
likes. From August 4 to 8 2025 BNBM organized 5 young volunteers to Yangling Village Jingyuan County Ningxia to carry out a
Additionally on August 28 of the same year at the "Unity" music festiva lfor the 46th anniversary of BNBM's founding
week -long "Benevolent Building" Colorful Classroom public welfare education support activit.y The event opened with an
BNBM announced it would join hands with distributor snationwide to comprehensively layout its civi lconstruction
immersive "Retracing the Long March" interactiv egame integrating red education with green environmental development
business. This is a key measure for BNBM's transition to consumer building materials and marks a solid step for BNBM to
concepts throughout the process letting the children truly feel BNBM's central enterprise responsibilit yof "keeping the top
serve rural revitalizatio wnith industria lstrength and move toward "common prosperity for villages and enterprises".prioritie sof the nation in mind and creating cornerstones of a great power" . BNBM practices social responsibilit ywith
practical actions injecting new vitalit iynto rural education ."Unity" Music Festival Changping Xinzhuang Station "Benevolent Building" Colorful Classroom Public Welfare Education Support Action
107 108Sustainability Report
Case Study : Deepening School -Enterprise Synergy Cultivating New Talents of the Era Case Study : Practicing Social Responsibility and Empowering Rural Education Development
In June 2025 the event "Walking into BNBM School and BNBM Carpoly integrates public welfare responsibilit yinto its enterprise development philosophy continuously focusing
Enterprise Together in a 'Great Ideological and Politica l on rural education and youth growth and actively supporting educational equity and sustainable social development
Lesson'" was held at BNBM headquarters . Nearly 100 through practical actions. In 2025 the Company focused on student groups in difficult yin rural areas carrying out
teachers and students from the Changping Distric t teaching support action in regions such as Yunnan Sichuan and Hunan . It distributed education funds ranging from CNY
Education Commission Changping Distric t Teacher
1000 to 5000 benefiting a total of 230 students effectivel yalleviatin gtheir economic pressure during schooling and
Training School Experimental Primary School of Beijing
providing strong support for students from underprivileged families to complete their studies with peace of mind and
Normal University Future Science City School Changping
Distric tYandan School and the Second High School expand their growth space .Attached to Beijing Normal University Future Science City
School participated in the activit.y Through immersive
teaching links such as exhibition hall tours on -site
courses and themed salons teachers and students
deepened their understanding of state-owned central
enterprises through interaction. This activit y is an
important practice for BNBM to deeply cultivate the field
of education public welfare. The Company uses green School and Enterprise Together in a "Great Ideological and
technology to provide schools with more practical Political Lesson"
opportunities and educational resources.Case Study : BNBM Coating Business Lights up the World for "Children of the Stars"
In September 2025 the CNBM ""Benevolent Building" BNBM Carpoly Rural Education Development Support Project
Colourful Classroom" Volunteer Service Team the BNBM
Youth League Committee "Youth BNBM" Volunteer Service
General Team and the "Painter" Studio under the
Tsinghua University Bauhinia Education Foundation
carried out the "Luminous Home · Lighting up the Future"
wall painting public welfare activit yat the Changyu
Chuntong Rehabilitation Center in Changping District
Beijing. They used color and love to create an exclusive
fairy tale world for special children. By combining eco -
friendly coatings with professional design volunteers
created a warm and friendly rehabilitatio nenvironment
for special children conveying care and companionship
while continuing to practice corporate social responsibilit y "Luminous Home · Lighting up the Future" Wall Painting
through practical actions. Public Welfare Activity
Case Study : BNBM Waterproof "Recharges" Dreams of Schooling in Rural Areas
BNBM Waterproof (Sichuan) Co . Ltd. carried out a clothing
donation and science popularization campaign themed
"Waterproofing for Safety Education for Dreams" . They
donated winter clothes to Xiejia Middle School and Xieji a
Primary School in Pengshan District Meishan City and
invited teacher and student representatives to visi tthe
BNBM Waterproof Sichuan base for exchange and learning
promoting rural science education and safeguarding
children's healthy growth . The activit ywas praised and
reported by local mainstream media such as the Meishan
Daily fully demonstrating the central enterprise
responsibilit yof BNBM Waterproof .The 3rd Season of "BNBM Teaching Support
Action · Dreaming Toward the New Vigor" Charity Education
Event
109 110Sustainability Report
Future Outlook
2025 is the concluding year of the 14th Five-Year Plan and the year for planning and
bridging toward the 15th Five-Year Plan. Standing at a new historica lstarting point BNBM
will keep the "top prioritie sof the nation" in mind focus on "cornerstones of a great
power" and uphold the mission of "green technology quality life." Centering on the core
values of "innovation performance harmony and responsibility" we will unswervingly
follow the path of high-quality development and demonstrate greater responsibilit yin
serving national strategies and advancing Chinese -style modernization .In the new year BNBM will persist in leading development through innovation. Based on
the requirements of high-quality development for the 15th Five-Year Plan we will continue
to strengthen strategic guidance comprehensively advance technological innovation
business expansion functional empowerment and international development . We will
accelerate breakthroughs in key core technologies and the transformation of scientifi c
achievements cultivate and develop new productive forces and drive the continuous
emergence of new products new businesses and new models to inject strong momentum
into the Company's sustainable development .In the new year BNBM will continue to deepen synergisti cintegration for development
systematically promoting internal synergy within the "One Body" and deep integration
between "One Body" and "Two Wings" . We will strengthen segment linkage and regional
synergy promote the deep integrated development of the industrial innovation and
supply chains and strive to enhance the overall efficiency resilience and security of the
industria lsystem unswervingly pushing synergisti cintegration toward greater depth and
practical results.In the new year BNBM will comprehensively strengthen the leadership and building of the
Party continuously promoting the deep integration of Party building with corporate
governance reform/development and production/operation effectivel ytransforming
Party building advantages into development advantages . The Company will anchor the
strategic direction of "One Body Two Wings and Global Layout" unswervingly promote
green manufacturing and green operations and refine a green building industria lchain
covering the full lif ecycle. We will create high-quality products and systematic solutions
with higher standards to better meet the people's yearning for a better life accelerate the
pace of creating a world -class flagship enterprise and make new and greater contributions
to the nation's high-quality development .
111 112Sustainability Report
ESG Key Performance Table 9
Environmental Data
Indicators Unit 2025 Indicators Unit 2025
Tons 1339.81 Total Volume of Solid Waste Total Nitrogen Oxide (NOx) Emissions Other Disposal Methods (Recycling Absorption and Disposal by Disposal Tons 14469527.55
and utilization of solid gypsum)
Total Sulfur Dioxide (S2)O Emissions Tons 630.13
Method
11
Industrial Particulate Matter Emissions Tons 155.42 Total direct energy consumption MWh 9200981.83
Total industrial wastewater discharge Tons 2998047.84 Natural Gas Consumption MWh 1039128.24
Total Domestic Wastewater Discharge Tons 371009.15 Coal Consumption MWh 6314062.20
Other Energy Consumption MWh 1847791.40
Total Discharge of Wastewater Chemical Oxygen Demand (COD) Tons 102.55
Pollutants Total indirect energy consumption1 2 MWh 1555970.16Ammonia nitrogen Tons 2.66
Purchased Heat Consumption MWh 478973.16
Total GHG emissions (Scope 1 & Scope 2) 10 Tons of CO2 Equivalent 3220975.18
Electricity Consumption MWh 1076997.00
Indirect GHG emissions (Scope 1) Tons of CO2 Equivalent 2533008.24
Purchased Electricity Consumption MWh 1014999.00
Indirect GHG emissions (Scope 2) Tons of CO2 Equivalent 687966.94
Grid Electricity Purchase MWh 993187.50
Tons of CO2 Equivalent /
GHG emissions Intensity S(cope 1 & Scope 2) Million (CNY) of Operating 127.41 Green Power Purchase Volume 13 MWh 21811.50
Revenue
Self-generated Electricity Consumption MWh 61998.00
10000 Tons of CO2 GHG emissions per Million (CNY) of Output Value (Scope1 & Scope 2) 0.01
Equivalent / Million (CNY) Photovoltaic Power Generation Consumption MWh 61998.00
Indirect GHG emissions (Scope 3) Tons of CO Equivalent 4847541.39 Equivalent Greenhouse Gas Emission Reduction Tons of CO2 Equivalent 19810.80 2
Generation of Sel-fproduced Hazardous Solid Waste Tons 3018.81 Total Comprehensive Energy Consumption MWh 10756951.99
Tons / Million (CNY) of MWh / Million (CNY)
Generation Intensity of Se-plrfoduced Hazardous Solid Waste 0.12 Comprehensive Energy Consumption Intensity 425.51
Operating Revenue Revenue
Generation of Sel-fproduced Non -hazardous Solid Waste Tons 182001.38 Tons of Standard Coal / Comprehensive energy consumption per CNY 10000 of output value 0.55
10000 (CNY)
Tons / Million (CNY) of
Generation Intensity of Se-plrfoduced Non -hazardous Solid Waste 7.20
Operating Revenue Expenditure on Energy 10000 (CNY) 202869.87
Comprehensive Utilization of Non-hazardous Solid Waste Tons 234076.58 Total New Energy Installed Capacity MW 90.56
of which : Comprehensive utilization of historical storage volume Tons 78408.53 Annual Purchased Green Certificate Electricity kWh 21811500.00
Comprehensive Utilization Rate of No-nhazardous Solid Waste % 85.53 Use of Alternative Fuels Tons 272156.06
Total Volume of External Solid Waste Absorption and Disposal Tons 14469527.55 Municipal Waste Tons 5.00
Total Volume of Solid Waste Biomass Tons 249336.80
Industrial Waste Tons 14469527.55
Absorption and Disposal by Type Industrial Waste Tons 22814.26
Total Volume of Solid Waste Landfill Tons 0
Absorption and Disposal by Disposal
Method Incineration Tons 0
11 Direct energy consumption covers non-renewable energy sources such as coal natural gas liquefied petroleum gas petrold iaensde l as well as
self-generated electricity using renewable energy sources. The result is calculated in accordance with the General Rulesc ufloart iCoanl of the
9 The coverage of the following KPIs is the same as that of the consolidated statements. In case of any discrepancies tbheet wteoetnal number and Comprehensive Energy Consumption (GB/T 2589 -2020).
the sum of the data and ratios disclosed herein it is due to rounding
12 Indirect energy consumption covers purchased electricity and purchased heat. The result is calculated in accordance hwei tGhe nteral Rules for
10 The calculation of GHG-related emissions has referred to the Notice on the Key Work Related to the Management of Enterprirseee nGhouse Gas Calculation of the Comprehensive Energy Consumption (GB/T 2589 -2020).
Emission Reporting in 2022 the General Guideline of the Greenhouse Gas Emissions Accounting and Reporting for Industriaelr pErnitses (GB/T
32150 -2015) as well as other national and international standards. 13 Purchased green electricity refers to the electricity purchased through contracts with renewable energy power producers.
113 114Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Consumption of Non -renewable Materials Tons 1916595.30 Land Area of All Production and Operation Units of the Company m 2 12945806.88
Consumption of Toxic and Hazardous Materials Tons 207986.12 Of which: Area where Biodiversity Risk Assessment has been Conducted m 2 1856684.18
Total Water Withdrawal Tons 11306712.82 Number of Sites of All Production and Operation Units of the Company Units 111
Tap Water Tons 5968292.03 Of which: Number of Sites where Biodiversity Risk Assessment has been
Units 79
Conducted
Groundwater Tons 2152039.89
Number of Corporate Entities with ISO 14001 Certification Entities 99
Surface Water Tons 3077861.20
Number of Corporate Entities with ISO 50001 Certification Entities 47
Other Tons 108519.70
Number of Existing Enterprises with Climate Risk
Water Use in Water-Stressed Regions Tons 180185.20 Response/Adaptation Plans (e.g. Extreme Weather Entities 39
Emergency Plans)
Total Water Discharge Tons 3369056.99
Number of Enterprises under Construction with
Total water consumption Tons 7937655.83 Climate Risk Response/Adaptation Plans (e.g. Entities 5
Extreme Weather Emergency Plans)
Water Recycling Rate % 94
Climate Change Risks Annual Financial Impact Caused by Risks 10000 (CNY) 58.05
Water Consumption per Million (CNY) of Output Value 10000 Tons / Million (CNY) 0.05 and Opportunities
Annual Expenditure Resulting from Risk Response
Total Environmental Investment Amount 14 10000 (CNY) 30409.65 10000 (CNY) 3568.44 Measures
Operating Revenue from Products with Inherent
10000 (CNY) 1625690.97 Annual Cost Required to Grasp Climate Change
Green Attributes 10000 (CNY) 80139.68 Opportunities
Of which : Operating Revenue from Products Annual Income Generated from Climate Change
with Various Green Certifications including but 10000 (CNY) 1734970.41
Green Products 15 Opportunities
not limited to "China Low Carbon Product 10000 (CNY) 285222.39
Certification" "Green Building Material Product
Certification" etc.R&D cost of green products 10000 (CNY) 80136.17
Number of Energy -saving Technical Renovation Projects Units 80
Electricity Saved by Ener-gsyaving Technical Renovation Projects kWh 36615824.00
Standard Coal Saved by Energy-saving Technical Renovation Projects 10000 tons 7.52
CO 2 Emissions Reduced by Energy -saving Technical Renovation Projects 10000 tons 20.15
Number of Self-owned National -level Green Factories Units 33
Number of Self-owned Provincial-level Green Factories Units 43
Number of Self-owned Green Factories at Other Levels Units 2
14 Environmental protection expenditure includes the expenditures for environmental protection and ecological restoration.
15 The green products including gypsum board waterproof material and waterproof coating.
115 116Sustainability Report
Social Data
Indicators Unit 2025 Indicators Unit 2025
Total Number of Employees People 16133 Total Number of Employees by Region Overseas People 349
Male Employees People 13024 Disabled employees People 71
Of which: Number of Male
People 1395 Overall Employee Turnover Rate16 % 9.46
Employees in STEM
Total Number of Employees by Gender Turnover rate (voluntary resignation) % 6.84
Female Employees People 3109
Of which: Number of Female Male Employees % 9.25
People 141
Employees in STEM Employee Turnover Rate by Gender
Female Employees % 10.32
Total Number of Employees by Han employees People 15215
Under 30 years old % 19.52
Ethnicity Minority Group Employees People 918
Employee Turnover Rate by Age 30 to 50 Years Old % 7.69
Senior employees People 169
Of which: Number of Female Over 50 years old % 7.22
People 10
Employees
Mainland China % 8.56
Of which: Number of Female
People 0
Employees in Business Positions Hong Kong Macao and Taiwan Employee Turnover Rate by Region % 0
Regions
Of which: Number of Male
People 159
Employees Overseas % 50.43
Of which: Number of Male
People 16 Senior employees % 0.59
Employees in Business Positions
Employee Turnover Rate by Job Level Middle -level employees % 3.42
Of which: Number of Minority
People 10
Group Members General employees % 9.88
Total Number of Employees by Job
Middle -level employees People 818
Level Senior employees % 1.18
Of which: Number of Female
People 98 Voluntary Employee Turnover Rate by
Employees Middle -level employees % 2.81 Job Level
Of which: Number of Female General employees % 7.12
People 14
Employees in Business Positions
Voluntary Employee Turnover Rate by Male Employees % 6.70
Of which: Number of Male
People 720 Gender
Employees Female Employees % 7.40
Of which: Number of Male Under 30 years old % 17.30
People 131
Employees in Business Positions Voluntary Employee Turnover Rate by
30 to 50 Years Old % 5.05
Of which: Number of Minority Age
People 23
Group Members Over 50 years old % 4.16
General employees People 15146 Mainland China % 5.88
Total Number of Employees by Long term People 15878 Voluntary Employee Turnover Rate by Hong Kong Macao and Taiwan
Employment Type % 0Short-term People 255 Region Regions
Under 30 years old People 2480 Overseas % 50.43
Total Number of Employees by Age 30 to 50 Years Old People 11922
Social insurance coverage of dispatched workers % 100
Over 50 years old People 1731
Per Capita Paid Annual Leave Days 9.77
Mainland China People 15773
Total Number of Employees by Region Hong Kong Macao and Taiwan
People 11 16 Employee turnover rate = Employee turnover rate for FY2023 = number of employees turned over / number of employees on boadr at the end of
Regions the period
117 118Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Number of Newly Recruited Employees (Employment Absorption) People 1645 30 to 50 Years Old % 86.38
Satisfaction Rate by Age Group
Male Employees People 1368
Over 50 years old % 86.28
Female Employees People 277
Han employees % 86.37
Under 30 Years Old People 754
Satisfaction Rate by Race
30 to 50 Years Old People 869 Minority Group Employees % 86.39
Total Number of Newly Recruited Over 50 Years Old People 22 Senior employees % 88.89
Employees Senior Employees People 0
Satisfaction Rate by Employee
Middle -level employees % 97.03
Middle -level Employees People 19 Category
General Employees People 1626 General employees % 85.40
Han Ethnicity People 1306
Total Number of Employees for whom the Company Pays Enterprise Annuity People 2589
Minority Group People 339
Total Number of Employees for whom the Company Pays for Insurance other
Number of Employee Internal Transfers or Internal Applications People 546 People 5342
than the Five Insurances (e.g. Supplementary Medical Insurance)
Proportion of Internal Transfers or Internal Applications % 24.92
Number of Cases Involving Alleged Child Labor and Forced Labor Cases 0
Cases of Complaints Received Regarding Infringement of Legal Rights of
Cases 0
Employees Number of Employees Joining the Labor Union People 16133
Cases of Complaints Received Regarding Discrimination against Applicants and
Cases 0
Employees Proportion of Employees Joining the Labor Union % 100
Person -times of Condolences for Special Employees and Assistance for
Person -times 166 Number of Employees Signing Collective Contracts People 16133
Employees in Difficulty
Person -times of Assisting Children of Employees in Difficulty with Schooling or Proportion of Employees Signing Collective Contracts % 100
Person -times 156
Rewarding Children of Employees for Enrollment
Number of Employee Representatives among Employees People 806
Person -times of Assisting Employees with Serious Illnesses Person -times 10
Proportion of Employee Representatives among Employees % 5
Total Expenditure on Condolences for Special Employees and Assistance for
10000 (CNY) 43.85
Employees in Difficulty
Number of Work -related Fatalities People 0
Total Expenditure on Assisting Children of Employees in Difficulty with Schooling
10000 (CNY) 18.65
or Rewarding Children of Employees for Enrollment Mortality Rate per 1000 Employees ‰ 0
Total Expenditure on Assisting Employees with Serious Illnesses 10000 (CNY) 16.93 Lost Time Injury Frequency Rate (LTIFR) per Million Hours (Employees) - 0
Sessions of Various Employee Activities Held or Organized Sessions 438
Number of Working Days Lost due to Work-related Injuries (Employees) Days 0
Sessions of Various Activities Organized by Relevant Industry Associations
Sessions 122
(Provincial Level or Above) Participated In Lost Time Injury Frequency RateL T(IFR) per Million Hours (Contactors) - 0
Person -times of Employees Participating in Various Activities Person -times 33729
Safety Production Liability Accident 0
Total Number of People Participating in Satisfaction Surveys People 9794
Proportion of Total Number of Employees % 60.71 Work safety accidents 1
Employee satisfaction1 7 % 86.37 Person -times Participating in Occupational Health and Safety Training Person -times 177118
Male Employees % 86.37
Satisfaction Rate by Gender Number of Safety Inspections Conducted Times 4446
Female Employees % 86.38
Number of Hazards Identified Units 24477
Satisfaction Rate by Age Group Under 30 years old % 86.36
Hazard identification and rectification rate % 100
17 Employee satisfaction surveys cover all levels of employees.
119 120Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Person -times participating in emergency drills fire drills and other exercisePserson -times 20613 Total training hours for Skill and Business training Hours 401989
Amount of safety and health-related expenditures 10000 (CNY) 13019.08 Total training hours for Management training Hours 101688
Number of enterprises within all levels of the Group that obtained Level 1 safety Per capita training hours by gender
Male Employees Hours 55.98
Entities 1
production standardization (various types of training) Female Employees Hours 54.01
Number of enterprises within all levels of the Group that obtained Level 2 safety Under 30 years old Hours 57.72
Entities 66
production standardization Per capita training hours by age group
30 to 50 Years Old Hours 55.32
(various types of training)
Number of enterprises within all levels of the Group that obtained Level 3 safety
Entities 21 Over 50 years old Hours 54.33
production standardization
Per capita training hours by race Han employees Hours 57.04
Number of enterprises within all levels of the Group with ISO 45001 Occupational
Entities 98 (various types of training) Minority Group Employees Hours 34.55
Health and Safety Management System certification
Senior employees Hours 140.20
Total participants in training People 140224
Per capita training hours by job level
Middle -level employees Hours 64.54
Employee training coverage rate % 86.67 (various types of training)
General employees Hours 53.90
Male Employees % 84.99
Employee training rate by gender Per capita training hours (various types of training) Hours 55.57
(various types of training)
Female Employees % 93.70
Total cost of employee training for the Company CNY 5902291.94
Under 30 years old % 82.78 Total Entities 4201
Employee training rate by age group
30 to 50 Years Old % 87.61 Number of suppliers that have Mainland China Entities 4151 (various types of training)
established long-term cooperation
Over 50 years old % 85.73 Hong Kong Macao and Taiwan
with the Company Entities 2Regions
Han employees % 85.86
Employee training rate by race (various Overseas Entities 48
types of training)
Minority Group Employees % 100.00
Procurement amount generated from suppliers that have established lon-gterm
10000 (CNY) 751512
Senior employees % 100.00 cooperation with the Company
Employee training rate by job level Total Entities 2550
Middle -level employees % 100.00
(various types of training) Among suppliers with long-term Mainland China Entities 2502
General employees % 85.80 cooperation the number of suppliers
screened and controlled for Hong Kong Macao and Taiwan Entities 2
Senior employees % 97.04 environmental and social risks Regions
Employee training rate by level (Safety
and Environmental Protection Middle -level employees % 84.60 Overseas Entities 46
training)
General employees % 82.92 Proportion of suppliers screened and controlled for environmental and social % 60.70
risks
Senior employees % 64.50
Procurement amount generated from long -term cooperative suppliers screened
Employee training rate by level (Skill 10000 (CNY) 537919
Middle -level employees % 81.42 and controlled for environmental and social risks
and Business training)
Total Entities 0
General employees % 68.45
Among suppliers assessed as having
Senior employees % 100.00 Among long -term cooperative significant negative impacts the
Employee training rate by level
suppliers screened and controlled for number of suppliers with whom the Entities 0
(Management training including Middle -level employees % 97.56
environmental and social risks the Company agreed on corrective
compliance training)
General employees % 37.97 number of suppliers assessed as measures/improvement plans
having significant negative impacts
Among suppliers assessed as having
Total training hours calculated by pers-toinmes (all employees) Hours 776938
significant negative impacts the Entities 0
Total training hours for Safety and Environmental Protection training Hours 273261 number of suppliers terminated
121 122Sustainability Report
Indicators Unit 2025 Indicators Unit 2025
Total Entities 456 Provincial and Ministerial Awards in science and technology Items 9
Among suppliers with long-term Among suppliers participating in Number of anti-commercial bribery and anti-corruption training sessions held
cooperation the number of suppliers training and capability enhancement Sessions 3067 and organized
participating in supplier training and the number of suppliers screened and Entities 255
capability enhancement controlled environmental and social Person -times of directors of enterprises across all levels participati-ng in antiPerson -times 1620
risks commercial bribery and anti-corruption training
Number of ESG training sessions or ESG training exchange meetings conducted Person -times of employees of enterprises across all levels participating- in anti
Sessions 20 Person -times 62754
with suppliers commercial bribery and anti-corruption training (excluding directors)
Number of suppliers passing system certifications such as quality occupational Coverage rate of directors in a-cnotmimercial bribery and anti-corruption
Entities 2350 % 100
health and safety environment or energy management training sessions held and organized
Total Entities 725 Coverage rate of employees in an-tciommercial bribery and anti-corruption
%100
Number of non -long-term cooperative Number of suppliers screened and training sessions held and organized
suppliers controlled environmental and social Entities 623 Total number of law-abiding and compliance training sessions held and
risks Sessions 23 organized for the year
Proportion of products recalled for safety and health reasons % 0
Total person-times participating in l-awbiding and compliance training for the
Person -times 15300
Litigation cases involving products and services related to safety and health year
Cases 0
reasons
Total number of ESG special training sessions held and organized for the year Sessions 6
Number of complaints received regarding products and services Cases 21
Total duration of participation in ESG special training for the year Hours 36
Of which: Number of complaints properly replied to and handled Cases 21
Number of participants in ESG special training for the year People 716
Proportion of complaints properly replied to and handled % 100
Number of cases of employee violation of the code of business conduct
Number of cases involving products and services allegedly infringing intellectual Cases 0
Cases 0 (corruption or bribery)
property rights
Number of cases of employee violation of the code of business conduct
Number of complaints received due to leakage of customer information Cases 0 Cases 0
(discrimination or harassment)
Total number of customers Units 30119
Number of cases of employee violation of the code of business conduct
Number of customers participating in satisfaction surveys Units 7001 Cases 0(customer privacy data)
Of which: Number of customers satisfied with the survey results Units 6616
Number of cases of employee violation of the code of business conduct (conflict
Cases 0
Proportion of customers participating in satisfaction surveys % 23.24 of interest)
Customer satisfaction rate % 94.5 Number of cases of employee violation of the code of business conduct (money
Cases 0
Number of patent applications for the year Items 656 laundering or insider trading)
Of which: Number of invention patents Items 387 Amount of taxes and fees paid 10000 (CNY) 147041.59
Number of patents authorized for the year Items 433 Total amount of public welfare investment (including material donations) 10000 (CNY) 579.08
Of which: Number of invention patents Items 219 Donations to targeted assistance areas (rural revitalization category) 10000 (CNY) 517.00
Cumulative number of valid patents Items 5322 Public welfare donation 10000 (CNY) 62.08
Of which: Number of invention patents Items 1801 Number of entrepreneurship internship bases Units 3
Cumulative software copyrights registered Items 43
Provision of internship positions for students in school Units 20
R&D investment / System process / Platform construction / Incentive mechanism
Million (CNY) 1044 Number of established volunteer organizations or groups Units 4
/ Talent guarantee
Number of volunteers among employees People 263
Of which: R&D investment in green and lo-wcarbon technology Million (CNY) 334
R&D investment as a percentage of operating revenue % 4.13 Number of person -times ofv olunteer activities carried out Person -times 2124
Number of R&D personnel People 1215 Number of working hours of volunteer activities carried out Hours 1200
Number of standards led or participated in formulation or revision Units 318 Total investment of the enterprise in supporting volunteer activities 10000 (CNY) 16
123 124Sustainability Report
Index Table Guideline Clauses Report Chapters
Chapter IV Promoting Technological Innovation
Articles 41 to 42
Social Information Disclosure Green Solutions
Shenzhen Stock Exchange Guidelines No. 17 for
Section 2 BNBM's core business is the production and sales of
Self-discipline Regulation of Listed Companies - gypsum boards waterproof materials and coatings
Article 43 and it does not engage in scientific research or
Sustainability Report (Trial) Innovation-driven and technological development activities in areas sensitive
technological ethics to technological ethics.Creating Quality Service
Guideline Clauses Report Chapters Articles 44
Promoting Win -Win Cooperation
Articles 1 to 4 Full Report
Article 5 Materiality Assessment Articles 45 Promoting Win -Win Cooperation
Chapter I
Articles 6 to 8 Full Report Chapter IV
General Provisions As of the end of the reporting period BNBM's balance
Article 9 Stakeholder Communication
Social Information Disclosure of accounts payable (including notes payable) did not
Article 10 Full Report exceed CNY 30 billion accounting for no more than
Section 3
Materiality Assessment 50% of total assets and there were no cases where
Article 46
Suppliers and Customers information regarding overdue unpaid amounts to
Chapter II Deepening Integrity Building small and medium -sized enterprises was disclosed to
Sustainability Information Articles 11 to 19 Addressing Climate Change the public through the National Enterprise Credit
Disclosure Framework Information Publicity SystemCreating Quality Service
Promoting Technological Innovation Article 47 to 48 Creating Quality Service
Chapter III
Chapter IV
Environmental Information Improving Intrinsic Safety
Addressing Climate Change
Disclosure Social Information DisclosureArticles 20 to 28 Articles 49 to 50 Safeguarding Employee Rights
Section 1 Section 4
Supporting Communication Channels
Addressing Climate Change Employees
Chapter III Protecting Ecological Environment
Article 29 Chapter V Article 51 Deepening Corporate Governance
Environmental Information Strengthening Environmental Management
Disclosure of Sustainabili-ty
Disclosure Article 30 to 32 Protecting Ecological Environment Article 52 Promoting Win -Win Cooperation
related Governance Information
Section 2
Section 1
Pollution Prevention and Control Article 33 Strengthening Environmental Management
Sustainabilit-yrelated Article 53 Stakeholder Communication
and Ecosystem Protection
Governance Mechanisms
Chapter III Addressing Climate Change
Article 34
Environmental Information Promoting Circular Economy Chapter V
Disclosure Article 35 Addressing Climate Change Disclosure of Sustainabili-ty
Deepening Integrity Building
Section 3 related Governance Information Articles 54 to 56
Article 36 to 37 Promoting Circular Economy Implementing Compliance OperationResource Utilization and Circular Section 2
Economy
Business Conduct
Chapter IV
Social Information Disclosure Article 57 Index Table
Chapter VI
Section 1 Articles 38 to 40 Co -creating Social Value
Supplementary Provisions and Article 58 -
Rural Revitalization and Social Definitions
Articles 59 to 63 Full Report
Contribution
125 126Sustainability Report
Feedback
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capabilitie sand levels and ensure the next report meets your expectations we look forward to your feedback and suggestions in
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Closed -ended Questions
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2. Is the information you are concerned about reflected in the report？
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3. Do you think the report truthfull yreflect sBNBM's ESG work content and its impact on stakeholders？
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Open -ended Questions
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