Recently, in the "2023 Best Corporate Governance Practice Case Initiative" organized by the China Association for Public Companies (CAPCO), the company stood out among over 5,000 A-share listed companies in China and was selected as a "2023 Best Corporate Governance Practice Case" by CAPCO. The achievement has also been included in the China Listed Companies Governance Report.
This initiative, launched by CAPCO under the guidance of the China Securities Regulatory Commission’s (CSRC) "Corporate Governance Improvement Campaign," rigorously evaluated and reviewed candidates through multiple rounds, ultimately selecting 100 listed companies as exemplary cases. The program aims to enhance corporate governance standards across listed companies by promoting best practices and strengthening their role as industry leaders.
Since its listing, the company has strictly adhered to laws, regulations, and regulatory requirements, establishing internal controls as the cornerstone of high-quality development. It has built a standardized and efficient internal control management system, continuously strengthened the governance structure and operational norms of its Shareholders’ General Meeting, Board of Directors, Supervisory Board, management team, and subsidiaries, and leveraged the critical role of key stakeholders in governance. In terms of information disclosure, the company has rigorously fulfilled its obligations under relevant regulations, proactively disclosing information to the capital markets and the public. For the 2022-2023 period, it received an A-grade (Excellent) evaluation for information disclosure from the Shanghai Stock Exchange. The company has published an annual social responsibility report since its listing and, for the first time this year, disclosed its 2022 Environmental, Social, and Governance (ESG) Report, comprehensively showcasing its ESG management practices and optimizing governance in alignment with stakeholder interests.
This recognition as a best practice case highlights the company’s high-quality governance framework and modernized governance capabilities, reflecting regulators’ and capital markets’ full affirmation of its standardized operations. It represents not only an honor but also a responsibility and a motivation. The company will treat this as a new starting point to further solidify its development mechanisms, optimize governance structures, and continuously elevate corporate governance standards.
