Climate Change Data

Environmental Metrics

ESG Focus Areas

• Improving the Education System
• Insisting on People-oriented
• Devoting to Low-Carbon Environmental Protection
• Insisting on Giving Back to the Society

Environmental Achievements

• Reduced per capita consumption in water, electricity, and gas by RMB2 compared to 2016; saved about RMB50,000 in total expenditure on water, electricity, and gas compared to 2016 despite building new facilities and increasing green area.
• Piloted light source replacement project for campus street lamps, reducing daily lighting energy consumption and achieving cost recovery within three years.
• Installed time controllers for street lamps to reduce usage.
• Renovated main water supply pipeline (RMB 5 million investment), fire fighting pipeline (RMB 250,000 investment), and replaced water-saving appliances (RMB 400,000 investment) to save water.
• Implemented paperless office, reducing paper consumption.

Social Achievements

• Achieved a high initial graduate employment rate of 94.4% at Xinhua University and 96.8% at Xinhua School in the 2016-2017 school year.
• Held annual internal competitive recruitment for management positions, providing opportunities for internal promotion.
• Implemented employee welfare exceeding minimum statutory requirements, including paid leave, social insurance, housing accumulation funds, and other benefits.
• Provided free physical examinations for new employees and trade union members.
• Conducted earthquake emergency evacuation drills and safety knowledge training for staff and students.
• Organized various training programs for employees, totaling more than 190 participants and an average of 26 training hours per participant.
• Engaged in community education for over 4,000 hours.

Governance Achievements

• Formulated “Administrative Regulations of Xinhua Education for Audit and Supervision”, establishing an independent audit and supervision department.
• Formulated “Administrative Regulations for Anti-corruption Construction”, implementing an anti-corruption management responsibility system and conducting anti-money laundering training.
• Established a complaining and whistle-blowing mechanism.
• Formulated “Administrative Regulations of Xinhua Group for Confidentiality” to protect information security.
• Formulated “Administrative Regulations of Xinhua Group for Selection and Evaluation of Procurement Suppliers” to ensure responsible supply chain management.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Semi-annual and annual assessment and evaluation for long-term suppliers.

Responsible Procurement

• Consideration of environmental protection, corporate governance, labor conditions, and moral standards of potential suppliers; upholding green procurement.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2016 Trustworthy Organization for School Running Quality in Hefei
• National IT Talents Training Demonstration Unit
• Demonstration Unit Directly Contacted by the CYL Provincial Committee for Reform of the CYL Committee and the Student Union
• Deputy Director Unit of the School and Enterprise Cooperation Committee of Anhui Vocational and Adult Education Society
• Vice President Unit of the Private Vocational Education Branch of Anhui Vocational and Adult Education Society
• Membership Unit of Hefei Moral Education Research Association

Environmental Metrics

ESG Focus Areas

• Employment management
• Benefits of faculty members
• Health and safety of students
• Development and training of faculty members
• Anti-corruption
• Protection of intellectual property rights
• Teaching quality control
• Dealing with teaching opinions
• Supply chain management
• Pollution reduction and emissions reduction
• Waste management
• Use of materials/resources
• Green buildings on campuses
• Environmental education
• Teacher qualifications and professional ethnics
• Information privacy protection
• Brand promotion
• Sustainable procurement
• Educational resources
• Student employment rate
• Energy consumption and efficiency
• Community investment and engagement
• Occupational health and safety

Environmental Achievements

• GHG emissions, electricity consumption and waste generation were lower than last year
• Anhui Xinhua University was listed among the first “Anhui Green Schools.”
• Planted 236 trees

Social Achievements

• Launched a campus recruitment campaign attracting 69 enterprises and offering approximately 2,500 jobs
• Held a photography competition to enrich campus life
• Invited Professor Yao Benxian to give a lecture on “Students’ Psychological Problems and Health Promotion during the Pandemic”
• Educational positive review rate reaching 98.02%

Governance Achievements

• Established policies and systems that promote and support anti-corruption laws and regulations
• Carried out regular on the job compliance training
• Established a whistleblowing policy and system

Climate Goals & Targets

Environmental Challenges

• PRC government may find that the Structured Contracts do not comply with applicable PRC laws and regulations
• Registered owners of the PRC Consolidated Affiliated Entities may have conflicts of interest with the Group
• Group may not be able to meet the qualification requirement for Sino-foreign joint venture private schools
• Structured Contracts may be subject to scrutiny of PRC tax authorities
• Certain terms of the Structured Contracts may not be enforceable under PRC laws
• PRC Consolidated Affiliated Entities may be subject to limitations on their ability to operate private education or make payments to related parties
• Group’s ability to distribute dividends to its Shareholders may be limited

Mitigation Strategies

• Major issues arising from the implementation and compliance with the Structured Contracts or any regulatory enquiries from government authorities will be submitted to the Board for review
• Board will review the overall performance of and compliance with the Structured Contracts at least once a year
• Company will disclose the overall performance and comply with the Structured Contracts in its annual reports and interim reports
• Company and its Directors undertake to provide periodic updates in its annual and interim reports regarding the Qualification Requirement and its status of compliance with the Foreign Investment Law
• Company will engage external legal advisors or other professional advisors to assist the Board to review the implementation of the Structured Contracts

Supply Chain Management

Supplier Audits: Evaluated suppliers regularly using a “Supplier Assessment Form”

Responsible Procurement

• Based on principles of “approval before purchase” and “fairness, justice, openness and honesty”; required suppliers to sign an “Integrity Undertaking”

Climate-Related Risks & Opportunities

Physical Risks

• Typhoon
• Flood

Transition Risks

• Stakeholders’ concern with climate change

Reporting Standards

Frameworks Used: Appendix 27 Environmental, Social and Governance Reporting Guide to the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited

Awards & Recognition

• Anhui Xinhua University was listed among the first “Anhui Green Schools.”