We are excited to announce the completion of our 2023 Carbon Footprint Verification report. This annual process is a milestone of our commitment to sustainability and environmental responsibility. 

Why We Conduct Annual Carbon Footprint Verification

1. Transparency and Accountability We believe in being transparent about our environmental impact. Annual carbon footprint verification allows us to provide accurate, reliable data to our stakeholders, showcasing our efforts in reducing greenhouse gas emissions.

2. Continuous Improvement By measuring our carbon footprint annually, we can identify areas for improvement and set actionable goals. This process helps us track our progress over time, ensuring that we are consistently moving towards a more sustainable future.

3. Regulatory Compliance Staying compliant with environmental regulations is crucial. Our annual verification ensures that we meet all relevant legal requirements, avoiding potential fines and reinforcing our reputation as a responsible corporate citizen.

4. Enhancing Efficiency Understanding our carbon footprint helps us optimize our operations. By identifying inefficiencies, we can implement changes that not only reduce our environmental impact but also improve our operational efficiency and reduce costs.

We are proud of the progress we have made in reducing our carbon footprint and remain dedicated to furthering our efforts. Thank you for supporting Rong Chang on this journey towards a greener future.

ESG, short for Environmental, Social, and Governance, represents a framework investors and organizations use to assess the sustainability and societal impact of investments or business practices.

The "E" component refers to environmental factors, encompassing issues such as carbon emissions, resource usage, waste management, and adherence to environmental regulations. It evaluates a company's efforts toward sustainability, climate change mitigation, and ecological stewardship.

"S" denotes social factors, including labor practices, diversity and inclusion, human rights, community relations, and product safety. This aspect examines how a company manages relationships with its employees, customers, suppliers, and communities, ensuring fair treatment, fostering societal well-being, and addressing social challenges.

Finally, the "G" aspect pertains to governance factors, focusing on the internal structures and processes that guide a company's decision-making and oversight. It evaluates board diversity, executive compensation, shareholder rights, transparency, and ethical business conduct, aiming to ensure accountability, integrity, and responsible management.

In summary, ESG integration involves analyzing companies and investments based on financial performance and considering their broader impact on the environment, society, and corporate governance practices. It reflects a commitment to sustainable and ethical business practices while seeking to generate long-term value.

ESG considerations have become increasingly vital as we confront the urgent need for improved sustainability practices. Our world grapples with daunting challenges such as climate change, biodiversity loss, and pervasive inequality, which persist as interconnected and systemic threats. Companies are pivotal in addressing these issues. By embracing environmental, social, and governance (ESG) principles, they can understand and mitigate their impact on the planet and society. This involves assessing their role in ecosystems, identifying material risks and opportunities, measuring ESG performance, and setting targets for progress. Through these efforts,companies not only enhance their own value but also contribute to the well-being of stakeholders and the preservation of our planet.