The Board has ultimate responsibility for the ESG of Conch Venture. It is responsible for the overall ESG performance of the Group, including the formulation and approval of ESG strategies and policies, in strict accordance with the relevant regulations including the Appendix 27 Environmental, Social and Governance Reporting Guide of the HKEX Listing Rules. The Board has a Strategy, Sustainability and Risk Management Committee that assists the Board in fulfilling its management and supervision responsibilities related to sustainable development. This committee is responsible for formulating and regularly checking the planning of the Group's development strategies, supervising the corporate risk management, conducting research and providing suggestions on the policies for the Group's sustainable development, overseeing and reviewing the Group's risk management system. During the Reporting Period, the Strategy, Sustainability and Risk Management Committee is chaired by Mr. Guo Jingbin, the chairman of the Board, and also comprises the executive director Mr. Ji Qinying, the non-executive director Mr. Yu Kaijun and the independent non-executive director Mr. Chan Chi On. For more information on the Strategy, Sustainability and Risk Management Committee, please refer to the Terms of Reference of the Strategy, Sustainability and Risk Management Committee of the Board of Directors. [...] Conch Venture is committed to building an ESG management structure with clear authority and responsibility, and working together to ensure the effectiveness of the Group's ESG governance. During the Reporting Period, we through out an ESG working group, with Mr. Li Daming, Executive Director, as the leader, and the heads of various professional departments as members. This group worked with functional departments and subsidiaries to advance ESG-related policies and work. The Group has included ESG-related performance indicators, such as environmental liability accidents, environmental protection penalties and safety production related accidents, in the annual objective assessment, in order to further promote ESG development. Such indicators are linked to the performance and remuneration of the management at all levels. We will take corresponding reward and punishment measures for the management based on their performance.