1. Policy Statement

The Company sees increasing diversity at the Board level as an essential element in supporting the attainment of its strategic objectives and its sustainable development. The Company formulates its board diversity policy so as to improve corporate governance. The Company insists on the principle of hiring employees based on their competence, which is selecting members of the Board by objective standards, corporate business model and special needs from time to time and other factors, taking into account multiple factors such as skills, professional and industry experience, cultural and educational background, nationality, the term of service, gender and age.

2. Diversity Perspectives

Selection of candidates will be based on a range of diversity perspectives, including but not limited to skills, professional and industry experience, cultural and educational background, nationality, the term of service, gender and age. Current members of the Board possess different professional backgrounds. Each of them has accumulated rich experience in areas such as building materials, business management, securities regulation, capital operation, accounting rules and corporate finance, providing the Board with diversified perspectives to make decisions, and providing the Company with professional opinions for formulating operation policies.

3. Monitoring and Review

The Nomination Committee considers enhancing diversity on various levels in its process of studying and developing selection criteria for directors, selecting director candidates, and making recommendations for director nominations or appointments/dismissals to the Board of Directors. These diversity factors include but are not limited to gender, age, nationality, cultural and educational background, professional experience, skills, knowledge, industry experience, and geographical representation.

（The English translation of the Policy is for reference only and the Chinese version shall prevail in case of any inconsistency between the Chinese version and English translation thereof）