DJ HK Bourse: Results Announcement From Pan Asia Environmental Protection Group Ltd.

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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0519/2020051900318.pdf 2019
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT Environmental, Social and Governance Report 2019 1 Environmental, Social and Governance Report
CONTENTS
1. ABOUT THE REPORT 2 1. 2 1.1 1.1 Scope and Reporting Boundary 2 2 1.2 1.2 Reporting Guidelines 2 2 1.3 1.3 Reporting Principles 3 3 1.4 1.4 Reporting Framework 4 4 1.5 1.5 Data Collection 4 4 1.6 1.6 Report Availability 4 4 1.7 1.7 Contact 4 4
2 OUR ESG MANAGEMENT AND STRATEGY 5 2. 5 2.1 "GO GREEN" Business 5 2.1 5 2.2 2.2 Our Recent ESG Achievements 7 7 3. 8
3 ENVIRONMENTAL PROTECTION 8 3.1 8 3.1 Corporate Environmental Policy 8 3.2 9 3.2 Energy Efficiency Management 9 3.3 10 3.3 Exhaust Gas and GHG Emissions 10 3.4 11 3.4 Waste Management 11 3.5 12 3.5 Use of Resources 12 3.6 14 3.6 Going Forward 14 4. 15
4. EMPLOYMENT AND LABOUR PRACTICES 15 4.1 15 4.1 Recruitment and Promotion 15 4.2 16 4.2 Employment 16 4.3 18 4.3 Occupational Health and Safety 18 4.4 21 4.4 Development and Training 21 4.5 22 4.5 Harmonious Corporate Culture 22 4.6 23 4.6 Labour Standards 23 5. 24
5. OPERATING PRACTICES 24 5.1 24 5.1 Supply Chain Management 24 5.2 25 5.2 Product Responsibility 25 5.3 26 5.3 Customer Feedback and Handling 26 5.4 26 5.4 Privacy Protection 26 5.5 27 5.5 Anti-Corruption 27 5.6 27 5.6 Whistle-Blowing 27 5.7 28 5.7 Intellectual Property Rights 28 6. 28
6. COMMUNITY INVESTMENT 28 7.
7. HKEX ESG GUIDE CONTENT INDEX 29 29 Pan Asia Environmental Protection Group Limited
2 Environmental, Social and Governance Report 1. ABOUT THE REPORT 1. Pan Asia Environmental Protection Group Limited and its subsidiaries (together, the "Group" or "we") are pleased to present our Environmental, Social and Governance R e p o r t ( t h e " E S G R e p o r t ") . T h e r e p o r t c o n c e r n s environmental and social impacts, policies and initiatives of the Group to demonstrate our long-term commitment to ensure that our activities, at all levels, are economically, socially and environmentally sustainable to stakeholders. Additional information in relation to the Group's corporate governance and financial performance can be referred to our annual report for the year ended 31 December 2019. 1.1 Scope and Reporting Boundary 1.1 The scope of the ESG Report covers the environmental and social performances of the principal operating activities of the Group, which includes the which includes the operating plants and offices in Yixing, Jiangsu Province, the People Republic of China (" PRC ") and the headquarters in Hong Kong, spanning over the period from 1 January 2019 to 31 December 2019 (the "Reporting Period" or "FY2019"). Part of the content may look back upon the performance of the Group in past years with a view to presenting the report in a more informative and comparable manner. The reporting boundary includes the operating entities in Hong Kong and the PRC.

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DJ HK Bourse: Results Announcement From Pan Asia Environmental Protection Group Ltd. -2-

1.2 Reporting Guidelines 1.2 The "Environmental, Social and Governance Reporting Guide " (the " ESG Reporting Guide ") which is set out in Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "HKEX") serves as the reporting guidelines of this report. Environmental, Social and Governance Report 2019 3 Environmental, Social and Governance Report 1.3
1.3 Reporting Principles The reporting principles of this ESG Report are governed by " materiality " and " quantitative ". With respect to "materiality", we ensure that ESG issues discussed in this report are sufficiently important and material to investors and stakeholders including clients, communities, employees, institutions, governments, non-governmental organizations, shareholders, subcontractors, suppliers and industry associations. With respect to " quantitative ", Key S G E Performance Indicators (" KPI ") required by the ESG Reporting Guide are measurable such that the KPI effectiveness of our ESG policies and management ESG systems can be evaluated and validated continuously. The Group is determined to be a responsible enterprise and is committed to perfecting its business and improving the local community. In order to determine what issues are relevant and material to our business with respect to sustainability, the Group is aware that the key is to understand what issues that our stakeholders concerned most. We define our stakeholders as people who affect our business or who are affected by our business. In our daily business, we actively exchange information with our stakeholders through our transparent platform while we are devoted to continuous improvement of our communication system. In addition, we are committed to maintaining a long-term partnership with our stakeholders and are actively engaged in addressing their concerns with timely follow-up actions. The Group is working to create a sustainable growth for the benefit of all our stakeholders. Pan Asia Environmental Protection Group Limited
4 Environmental, Social and Governance Report 1.4 1.4 Reporting Framework With reference to the ESG Reporting Guide and the ESG Group's business operation, the presentation of our ESG Report divides the relevant aspects and KPI, which are considered to be relevant and material to KPI the Group, into four subject areas: Environmental Protection, Employment and Labour Practices, Operating Practices and Community Investments. A complete index in compliance with the ESG ESG Reporting Guide is also available at the end of this report for reference. Except for provisions that the Group considers are inapplicable to its operations, for which explanations have been given on the rightmost column in the said index, this report is ESG compliant with all the "comply or explain" provisions set out in the ESG Reporting Guide. 1.5 1.5 Data Collection Data in this report are extracted from the Group's internal management system and statistics, and part of the data collected in previous years. Unless otherwise stated, HKD is used in this report as its functional currency. 1.6 1.6 Report Availability In addition to inclusion in the Group's Annual Report, this report is also accessible in electronic version http://www.paep.com.cn/ from www.paep.com.cn. 1.7 1.7 Contact We welcome all sorts of comments and suggestions from our stakeholders with respect to this ESG newbuildingmaterials@paep.cn Report or our sustainability performance. Comments or views can be sent to newbuildingmaterials@paep.cn. Environmental, Social and Governance Report 2019 5 Environmental, Social and Governance Report

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