DJ HK Bourse: Results Announcement From Chigo Holding Ltd.

For full details, please click on the following link:
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0728/2020072800338.pdf and its subsidiaries
(collectively referred to as the "Group" or "We") (stock
code on the Main Board of The Stock Exchange of
Hong Kong Limited: 0449) from 1 January 2019 to 31
December 2019 (hereinafter referred to as the "Reporting
Period"). This report is prepared in accordance with the compulsory "Comply or Explain" and "Recommended Disclosure" requirements as specified in the Environmental, Social and Governance Repor ting G u i d e l i n e s ( h e re i n af te r refe r re d to a s th e " ESG Guidelines"), Appendix 27 to the Rules Governing the Listing of Securities ("Listing Rules") on The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange").
02 CHIGO HOLDING LIMITED
Report Scope The environmental, social and governance policies and management measures contained in this report are
applicable to the Company and all its wholly-owned subsidiaries. Unless otherwise stated, the data listed in this report
only cover the Company's manufacturing business of air-conditioning products in the factory located in Foshan,
Guangdong Province, China (hereinafter referred to as the "Foshan Factory"). The Foshan Factory is the core source
of revenue for the Group. Therefore, the content of this report focuses on information in respect of the above operating
locations. 03 Environmental, Social and Governance Report 2019
Reporting Principles The Group has considered the following reporting principles when formulating this report: Materiality: The board of directors and senior management regularly review sustainability issues which have
significant impact on our business and operation, and disclose sustainability issues which have significant impact on the
Group based on the results of stakeholders' participation and substantive evaluation. Quantitative: This report reports the performance of quantified key performance indicators (KPIs). For important
KPIs, in order to increase transparency, calculation references and/or methods will also be disclosed, and the annual
review of performance will be presented to allow stakeholders to understand the progress of compliance. Balance: We aim to maintain a balanced report and to make fair disclosures on the progress and continuing
challenges of the most critical aspects of the Group's performance to improve the quality of content. Consistency: We follow the ESG Guidelines for reporting and try to keep the content of this report consistent. If
there is any inconsistency, such as changes in reporting scope and/or changes in the calculation method of KPIs, the
Group will provide explanations in the report.
04 CHIGO HOLDING LIMITED
Message from the Management The Group is pleased to present the environmental, social and governance (ESG) report of 2019, which is the fourth
ESG report of the Group. Looking back, the Group has always adhered to the five core values, namely "striving to be the
best", "professional and focused", "quick decision", "happy work" and "win-win with harmony", to ensure it is positioned
as a high-end air-conditioning brand leader and to achieve the vision of becoming a century-old high-end brand.
Environmental management At Chigo, environmental management has always been at the core of the Group's sustainable development strategy.
We have issued the Initiative to Save Water and Electricity to encourage all employees of the Company to save water and
electricity. At present, the Company has not fully used LED lamps, and the plan to modify the lighting system is expected
to be gradually implemented from 2020. Before that, we require our employees to do periodic inspections and regular
maintenance and replacement work.
Brand management The Group pursues a dream of "making human life better" and strives to become a beloved brand among consumers
around the world. We provide users with satisfactory services by virtue of our talents, scientific management, and superb
manufacturing technology to produce quality products. At the same time, we continue to pursue progress and look
forward to improving the quality of life for everyone, thus fulfilling our commitment.
Humanistic care The Group strives to effectively protect the legal rights and interests of employees and create a harmonious working
atmosphere. Chigo has established trade unions, employee congresses and other organizations, and launched a series
of activities. In recent years, the Group has newly built garden-style apartments for employees, with facilities such as
swimming pools, internet cafes, culture rooms, fishing areas, orchards and farms, to create a good living and leisure
environment for employees. Every year, the Group organizes travel and outward bound activities for employees to alleviate
stressful work pressure and to enhance employees' sense of belonging, honor and team spirit. We also insist on carrying
out various healthy and beneficial cultural and sports activities all year round, and hold New Year's Eve dinner for 10,000
people to enrich the lives of employees. 05 Environmental, Social and Governance Report 2019
Communication with Stakeholders It is the Group's operational principle to commit to its shareholders, clients, suppliers, employees and the
strengthening its market position, enhancing the brand communities. Given this, the Group formulated a series of
image, promoting the Group's business growth and policies and measures, and revised and improved the Group's
sustainable development. The Group strictly abides environmental and corporate social responsibility measures
by the relevant laws and regulations. At the same through communication with different stakeholders, so as
time, not only does the Group emphasize corporate to enhance the competitiveness of the Group and further
social responsibility, but it is also concerned with the contribute to society.
interests and opinions of different stakeholders including
06 CHIGO HOLDING LIMITED
Communication with Stakeholders
The following table summarizes our communication channels with key stakeholders to understand their concerns:
Key stakeholders Communication channels
Investors Investors' meeting, annual general meeting, email, investor relations hotline, investor mailbox and announcement
Customers Customer service hotline
Employees Email, meeting
Suppliers Email, meeting, supplier evaluation
Community Email, meeting
The following aspects have a material relationship and impact on the sustainable development of the Group. Therefore,
they are listed as the key areas of concern for the sustainable development of the Group.
Environmental aspects Social aspects Employment Emissions Health and safety Use of resources Development and training Environment and natural resources Labour standards Climate change Supply chain management Product responsibility Anti-corruption Community investment 07 Environmental, Social and Governance Report 2019
A Environment
A.1 Emissions As a la rg e -sc a le a ir- c onditioning produ ction production plants are covered with reusable materials,
e n te r p r i s e, th e G ro u p p o s s e s s e s a n i n te g r a te d which ensures that the parts remain intact and at the
production system and a variety of parts production same time effectively avoids the generation of waste. The
facilities. The Group has attached great importance to Group implements the Waste Processing Procedure in
environmental protection and pollution prevention over all production processes in each production facility, to
the years. The Group actively abides by the relevant effectively reduce chemical waste, wastewater or other

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