###### 1.1 IMPROVING ESG MANAGEMENT
1.1.1 Statement of the Board
The Board of the Company attaches great importance to the management of environmental, social and governance
(hereinafter referred to as "ESG") work, and strictly implements the _Code of Corporate Governance of Listed Companies,_
the _Environmental, Social and Governance Reporting Guide of The Stock Exchange of Hong Kong Limited (hereinafter_
referred to as the "Hong Kong Stock Exchange") and other relevant requirements. The Board of the Company is
committed to improving the ESG governance system, management procedure and information disclosure, ensuring
the establishment of an appropriate and effective ESG work and operation mechanism.
The Board of the Company is responsible for supervising, reviewing and deciding on ESG-related issues. Based
on management, operations and stakeholder communications, the Board determines the priorities of sustainable
development of the Company to properly fulfil our sustainable development obligations. The Board of the Company
is also in charge of reviewing the information of the Environmental, Social and Governance Report of the Company. This
report has also been published after being considered by the Board.
The Board of the Company will continue to follow up the ESG performance of the Company and provide stakeholders
with practical and reliable ESG-related information.
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##### 01 Strengthening Responsible Management
###### 1.1.2 ESG governance system
CICC has elevated ESG matters to an important position in corporate governance, and established an ESG
governance structure covering the decision-making, management and executive levels from top to bottom to ensure
that ESG matters are fully integrated into the process of fulfilling responsibilities at different levels, thereby improving
comprehensive governance of the Company.
In 2023, CICC further sorted out the coordination mechanism of ESG research and rating, refining the standards for
the preparation and disclosure workflows to standardize the management of ESG-related research and information
disclosure.
**ESG Governance Structure of CICC** **Decision-making level**
- **The Board: being the highest decision-making body on**
ESG-related matters, and authorizing the Strategy and ESG
**The Board**
Committee under the Board to consider and make decisions on
ESG-related matters.
- **The Strategy and ESG Committee: conducting research on**
**Strategy and ESG Committee**
and managing ESG-related policies; providing consultation to
and proposals on the decision-making of ESG management
issues, including vision, objectives, measures, etc.; reviewing the
**ESG Committee** ESG report of the Company and submitting proposals to the
Board; urging the Company to strengthen communication with
stakeholders in connection with important ESG issues; paying
attention to material ESG-related risks; urging the Company to
**ESG Office** implement the objectives of the national dual carbon strategy,
and managing its progress.
**Management level**
**Public**
**Management** **Business** **Research**
**Welfare**
**Group** **Group** **Group** - **ESG Committee: being responsible for the unified**
**Group**
management and coordination of ESG work in line with the
policies and guidelines of the Board and the Strategy and ESG
Committee, and reporting to the Board and the Strategy and
ESG Committee on a regular basis.
**Execution level**
- **ESG Office: improving ESG-related management systems**
and policies; keeping an eye on the trend in the ESG field,
coordinating with relevant departments and branches to
research, grasp ESG-related business opportunities and
implement specific work; strengthening ESG-related internal
culture advocacy and external brand promotion.
- **ESG Working Group: contributing to the new ESG practices**
of the Company by focusing on low-carbon concept and
environmental protection, innovation-driven growth, employee
development, serving the society and brand building.