C&S Paper Co., Ltd. — Environmental & Social Information 2021

Apr 28, 2021

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C&S
PAPER
CO.,LTO

(SZSE
stock
code:002511)

2020 Environmental,Socisl
and Governance
Report

Foreword

A
journey
of
a
thousand
miles
begins
with
a
single
step.

So
it
is
with
life
and
business.

With
steely
determination
and
clear
goals,

people's
living
standards
have
improved.

We
always
provide
high-quality
products
and
more
considerate
services in
accordance
with
our
philosophy
of
“building
product,
enterprise
and professional
brands.”

Concentration,
technique
and
excellence

are
the
value
we
have
worked
to
attain.

In
the
pursuit
of
quality,

we
make
technology-driven
innovations.

We
win
the
market
with
quality
and
thus
promote
the
development
of
our
brand, which
is
unanimously
recognized
by
our
partners.

The
blueprint
of
our
dream

includes
each
of
our
partners.

The
good
is
like
water,

both
soft
and
hard.

C&S,

in
its
ultimate
pursuit
of
details,

consistently
maintains
quality
and
innovation

to
build
a
century-old
enterprise,
create
a
tasteful
lifestyle

and
keep
moving
forward.

We
welcome,
respect
and
employ
talents.

win-win
situation

and
maximize
the
collective
value
of
talents
and
users.

We
look
forward
to
working
with
you

as
we
create
a
cleaner,
more
comfortable
world.

CONTENTS

ChapterIC&S'Targeted,People-CenteredActionPrinciple	3-7
ChapterII StandardGovernanceandPromotionofNewRMB	8-22
10BillionIndustrialPlatform
ChapterIII People-OrientedPrincipleandEmployeeValue	23-36
Achievement
ChapterIV Ensuringopennessandtransparencytoprotect investors'rightsandinterests ChapterVFulfllingthedutytowardsocialwelfare	37-42 43-54
ChapterVI Outlook	55

C&S
Paper
Co.,
Ltd.
(hereinafter
"C&S"
or
"the
company")
strives
for
the
vision
of
"high-quality life,
tasteful
C&S"
in
order
to
provide
more
soothing,
higher-quality
products
for
consumers.
It is
committed
to
building
a
harmonious
enterprise,
developing
a
sustainable
business
model and
creating
a
career-development
platform
with
which
employees
can
help
ensure
growth
for themselves
and
the
company.
It
provides
high-quality
products
and
services
to
meet
customer demands.
C&S
practically
assumes
its
social
responsibility
while
pursuing
development
to positive
corporate
image.
benefit
the
company,
employees,
partners,
consumers
and
society.
In
all,
we
strive
to
convey
a

The
company
prepared
the
2020
Environmental,
Social
and
Governance
Report
(ESG
Report), responsibility
in
terms
of
community
well-being,
corporate
governance,
investor
relations
and the
environment.

This
report
was
published
electronically
together
with
the
2020
Annual
Report
of
C&S
Paper
Co., Ltd.
The
digital
version
can
be
found
on
www.cninfo.com.cn,
an
information-disclosure
website

Chapter
I

C&S'
Targeted,
People-Centered
Action
Principle

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C&S Environmental, Social and Governance (ESG) Report stock
code:002511

C&S Paper Co., Ltd. (hereinafter "C&S" or "the company") was established on May 28, 1999, and officially listed on SSE's SMEs board (stock code 002511) on November 25, 2010. As the first A‑share listed tissue‑ paper enterprise in China, it has total equity of 1,312 million shares, net assets exceeding RMB 5,041 million, more than 6,000 employees and annual sales revenue of more than RMB 7,800 million. Thus, it has been accorded the honorary titles “Outstanding Private Science and Technology Enterprise in China,” “Top 100 Private Enterprises in Guangdong Province” and others.

As
one
of
China's
leading
tissue-paper
enterprises, C&S
strives
for
the
vision
of
"high-quality
life, tasteful
C&S"
in
order
to
provide
more
soothing, higher-quality
products
for
consumers.
It
mainly has
high-quality
tissue
paper,
personal
care
and health
product
categories
of
three
major
brand series:
C&S,
Sun
and
Doremi.
Its
main
products
are roll
paper,
coreless
paper,
paper
extraction,
pocket tissue,
moist
tissue,
soft
cotton
tissue,
sanitary

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pads
and
baby
diapers.
Among
the
company's
various
series
are
"OKBEBE"
diapers,
"Doremi" sanitary
pads,
"Fresh
Cotton
Unbleached"
soft
cotton
tissue,
the
"Sun"
product
line,
C&S
Face products,
the
C&S
Lotion
line,
C&S
Natural
Wood
products,
the
C&S
Golden
line
and
Moist
Tissue products.

==> picture [297 x 264] intentionally omitted <==

----- Start of picture text -----

Tangshan,
Hebei
Province
Chengdu,
 Xiaogan,
Sichuan Hubei Jiaxing,
Province Province Zhejiang
Province

Yunfu,

Jiangmen,
 Guangdong
Guangdong
 Province
Province
----- End of picture text -----

The
company
has
established
production bases
in
Jiangmen
and
Yunfu,

Guangdong
Province;
Chengdu,
Sichuan Province;
Jiaxing,
Zhejiang
Province; Xiaogan,
Hubei
Province;
and
Tangshan, Hebei
Province.
The
products
are
sold throughout
the
nine
major
territories
of China
(South
China,
Yunnan-GuizhouGuangxi
region,
Southwest
China, Northwest
China,
East
China,
Central China,
North
China,
Northeast
China
and the
Hong
Kong-Macao
region)
as
well
as to
Southeast
Asia,
the
Mideast,
the Occidentand
other
overseas
markets.

Chapter
I

C&S'
Targeted,
People-Centered
Action
Principle

Corporate
culture

Enterprise
brand

Product
brand

Innovative
and
Unique Corporate
objectives Build
a
century-old rate
products
with
softness, enterprise. moistness,
dampness First-class
mechanisms, retention
and
other departments
and
talents. innovative
qualities. First-class
equipment,
raw Appeal——Leading,
novel materials,
quality
and and
fashionable,
featuring rewards. unique
colors. Principle——Excellence
is our
constant
pursuit.

Professional
brand

Tao
and
win

"Tao"
is
a
reference
to
the observance
of
natural
laws. C&S
has
its
own
philosophy of
life,
talent-recruitment criteria,
professional
ethics and
business
model. C&S
donates
to
worthy causes,
accumulates
merits and
virtues,
reduces
acts
of inequity
and
demonstrates compassion.

C&S'
major
events
in
2020

Coronavirus
erupted
in
late
2019
in
Wuhan,
Hubei
Province.
It
then
spread
rapidly
throughout the
country
and
the
world.
Amid
the
increasingly
serious
pandemic
situation,
the
people
of
C&S control
the
spread
of
the
virus.
As
a
socially
responsible
enterprise,
C&S
cares
about
medical workers
and
ordinary
people
on
the
front
lines.
In
fact,
the
company
quickly
restructured
the plant
at
its
Yunfu
production
base
to
produce
medical
masks
and
contribute
to
the
control
of
the pandemic.

The
company
donated
RMB
10.80
million
in
cash
and
provided
RMB
0.5
million
worth
of
premoistened
sanitary
disinfecting
tissue
and
other
paper
products
for
the
control
of
COVID-19.
The

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

In
order
to
respond
to
the
health
crisis
and
meet
the
urgent
need
for
protective
supplies,
the company
has
responded
to
the
government's
call
and
quickly
started
to
produce
masks.
Soon, the
company
completed
a
series
of
work,
such
as
the
reconstruction
of
the
100,000-grade
dustfree
workshop,
the
procurement
for
the
production
line,
and
the
selection
of
BFE95
and
abovegrade
melt-blown
fabric
raw
materials.
To
address
the
shortage
of
pandemic
prevention
and control
supplies,
the
company
has
donated
more
than
a
million
medical
surgical
masks
and 5,000
feminine
napkins
to
the
front-line
areas
and
other
anti-pandemic
units.

In
February
2021,
the
company
donated
materials
valued
at
more
than
RMB
1
million
to
heroic

In
March
2021,
the
company
donated
more
than
four
million
masks
to
countries
participating
in the
Belt
and
Road
Initiative,
including
Russia,
Pakistan
and
Myanmar,
to
support
the

C&S
artistic
"Home"
trend
presentation

On
September
19,
2020,
C&S
carried
out
the
C&S
Artistic
"Home"
Trend
Presentation
event
jointly with
Liu
Tong,
a
famous
paper-folding
artist,
and
CITYZINE.
C&S
took
the
lead
to
gain
insight regarding
new
trends,
launch
C&S
FACE
oil-painting
series
products,
and
integrate
elements
of oil
painting
into
the
packaging
to
create
an
oil
painting
world,
show
comforting
scenes
from

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and
Restricted-Share
Incentive
Plan
to
create
considerable
value
for
incentive
objects
and share
its
achievements.

Chapter
I

C&S'
Targeted,
People-Centered
Action
Principle

Restricted
Shares

	Totalno.of	Numberof	Priceof	Numberof	Numberof	Numberof
	employees	unlocked	unlocking	employees	actually	shares
		shares	(RMB/share)	subjectto	unlocked	canceled
		(share)		unlocking	shares(share)	through
						back-back
						(share)
Firsttime	569	5,902,650	4.33	533	5,593,428	802,722
Reserved	46	837,510	7.02	43	765,270	211,890

Stock
options

	Totalno.of	Exercise	Exerciseprice	Numberof	Actual	Amount
	employees	amount	(RMB/option)	entitled	exercise	canceled
		(option)		employees	amount	(option)
					(option)
Firsttime	3118	4,120,350	8.572	2522	3,431,505	2,110,545
Reserved	104	696,300	13.965	88	640,389	151,111

Completed
clearing
of
the
Second
Employee
Stock-Ownership
Plan

On
November
28,
2020,
the
lock-up
period
of
the
company's
Second
Employee
Stock-Ownership Plan
expired
and
the
clearing
for
the
plan
started.

From
December
1,
2020
to
January
5,
2021,
all
11,709,583
shares
under
the
Employee
StockOwnership
Plan
were
sold
at
higher
prices.

Becoming
the
brand
with
the
fastest-growing Kantar's
Consumer
Reach
score

Kantar
Worldpanel
Division
published
the
Asian
Brand
Footprint
2020.
According
to
that
report, C&S,
which
is
among
the
50
most
popular
brands
in
China,
increased
its
Consumer
Research Point
(CRP)
by
11%,
recruited
5.73
million
new
urban
consumer
households
in
2019
and
became the
brand
with
the
fastest-growing
CRP
for
that
year.

Chapter
II

Standard
Governance
and
Promotion
of New
RMB
10
Billion
Industrial
Platform

Standardizing
and
optimizing
the
structure
of
corporate
governance
is
the
key
to
sustainable development
at
C&S

Three
bodies'
rational,
standardized
operations
to promote
development

==> picture [420 x 111] intentionally omitted <==

----- Start of picture text -----

General
 Meeting
of
 Meeting
of
Meeting
of
 the
Board
 the
Board
Shareholders of
Directors of
Supervisors
7 10 7
times times times
----- End of picture text -----

Main
Considerations

2019
Annual
Report,
and
reports
for
Q1,
Q2
and
Q3
2020

• Change
of
business
scope,
increase
of
registered
capital,
and
amendment
to
the
Articles
of Association

• Achievements
in
meeting
the
unlocking/exercise
conditions
for
restricted
shares
and
stock Incentive
Plan;
unlocking;
independent
exercise;
cancellation
through
buyback

• Achievements
in
meeting
the
unlocking/exercise
conditions
for
restricted
shares
and
stock options
reserved
under
the
2018
Stock-Option
and
Restricted-Share
Incentive
Plan; unlocking;
independent
exercise;
cancellation
through
buyback

• The
facility,
guarantee,
related
party
transaction
and
wealth
management
in
2021

• Appointment
of
senior
executives

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

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Strict
information-disclosure
review
for fair-and-accurate
information
transmission

The
company,
in
2020,
published
a
total
of
148
reports
with
around
1.32
million
characters,
in connection
with
the
detailed
business
dynamics
of
the
company
and
there
was
no
correction
to its
announcements
in
any
of
three
consecutive
years.
Its
credit
rating
in
2019
was
A,
marking
a

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C&S Environmental, Social and Governance (ESG) Report

stock
code:002511

Active
participation
in
regulators'
survey
and
true
report
of business
performance

the
business
operations
of
listed
companies
in
time
and
bail
them
out,
the
regulators
have issued
questionnaires
on
several
occasions,
including
surveys
that
covered
the
business conditions
of
listed
companies
during
the
pandemic
and
post-pandemic
periods.
The
company responded
to
each
questionnaire,
doing
so
in
a
manner
consistent
with
its
actual
conditions
in severity
of
the
pandemic,
the
company
has
maintained
orderly
operations
and
a
high
standard
order
to
evidence
its
pandemic-prevention
effort
and
resumption
of
activity.
Despite
the governance.

	Regulators'Questionnaires
	ShenzhenStockExchange CSRCGuangdongOfce
	Questionnaire:ImpactofCOVID-19PandemiconandDifculties andPolicyRequirementsofListedCompanies Questionnaire:FinancialAssetsandSimilarFinancialAssetsofListed Companies
	Questionnaire:ExistingTechnologiesandIntellectualPropertyRights ofListedCompanies Questionnaire:BusinessConditionsofListedCompaniesduring COVID-19Pandemic
	Questionnaire:ChangeofControlofListedCompaniesinShenzhen Questionnaire:EfectsofResumptionPolicies
	Questionnaire:TaxDataforStock-OwnershipIncentives Questionnaire:Stock-OwnershipIncentivesofListedCompanies
	Questionnaire:OptimizationEfectofSelf-regulatoryRulesinShenzhen Questionnaire:Post-ResumptionOutputTargetAchievementofand ImpactofCOVID-19onListedCompanies
	Questionnaire:VerifcationofListedCompanies'TargetedPoverty AlleviationDatainthePastThreeYears Questionnaire:ImpactofOverseasPandemicControl,Raw MaterialsandEquipmentSupply,andGoods&ServicesSellingon ProductionandOperationofListedCompaniesandtheMeasures oftheCompaniesforRespondingtoGlobalIndustrialandSupply ChainChanges
	Questionnaire:DebtAmongListedCompaniesinShenzhen Questionnaire:ListedCompaniesinIndustry
	Questionnaire:ImpactofCOVID-19PandemiconListedCompanies Questionnaire:CleanGovernmentReview
	Questionnaire:ListedCompanies'SelfExaminationandCorrection ofFundEmbezzlementandIllegalGuarantee StatisticalTableofM&AandReorganization
	Questionnaire:InternationalControl,FundEmbezzlement,Illegal GuaranteeandOtherProblemsofListedCompanies
	StatisticsofImpactofCOVID-19onListedCompanies
	Questionnaire:InvestorRelationsAmongCompaniesListedonthe ShenzhenStockExchange

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

and
supervision
of
the
company's
business
standards

The
independent
director,
in
2020,
participated
in
corporate
governance
as
well
as
the
work
of the
Board
of
Directors
and
special
committees,
deliberated
the
company's
major
events,
and provided
opinions
on
related
party
transactions,
guarantees,
investment
in
and
implementation of
major
events,
etc.
Due
to
the
pandemic,
the
company
didn't
arrange
for
the
independent director
to
personally
inspect
each
production
base
and
sales
territory
at
the
end
of
the
year. However,
the
independent
director
has
understood
the
company's
production
and
sales; listened
to
each
production
base's
resumption
plan,
supply-chain
allocation
and
other video
conferencing,
WeChat,
telephone,
etc.information;
and
offered
advice
concerning
the
company's
business
operations
by
means
of

==> picture [564 x 172] intentionally omitted <==

• ※
The
independent
director
visited
the
life
house
of
the
company
and
known
the
products
of
the
company
※

Strictly
standardized
system
links
from
R&D
to
quality
control for
maximum
product
quality

C&S
strives
for
the
vision
of
"high-quality
life,
tasteful
C&S"
in
order
to
provide
soothing,
higherquality
products
for
consumers.
At
every
link--from
R&D,
procurement,
production
and
quality control
to
sale
and
delivery--the
company
follows
strict
standards
as
it
pursues
innovation, stays
on
the
path
from
a
good
company
to
a
great
company,
and
meets
its
responsibilities
as
a provider
of
quality
products.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Product
research
and
development

Research
and
development,
or
R&D,
has
always
been
part
of
the
corporate
DNA
at
C&S.
Since
its market
developments
and
increasing
consumer
demands
for
its
products,
the
company
has including
the
C&S
Face
water-wettable
series,
C&S
Lotion
moisture-retention
series,
mini
formulated
different
tissue
papers
to
satisfy
different
consumers'
different
life
scenarios, package
and
Chuangxinyi
open
design,
all
of
which
have
been
well
received
by
consumers.

The
company
launched
the
new
"Sun"
paper
brand
and
started
to
implement
the
"dual-brand" and
consequently
its
success
will
be
crucial
to
the
company's
increased
market
share.

The
company
has
been
actively
developing
new
product
categories
by
using
the
synergistic tissue
series,
"Doremi"
female
sanitary
pad
series,
and
"OKBEBE"
diaper
series,
constantly

In
response
to
the
government's
call,
the
company
has
actively
taken
actions
to
produce medical
masks.
Furthermore,
in
the
forthcoming
post-pandemic
period,
consumers
will
have to
change
their
consumption
habits
during
the
pandemic
period.
Therefore,
the
company
has quickly
met
market
demands
and
seized
every
opportunity
to
launch
antimicrobial
paper, alcohol-disinfected
moist
tissue,
disinfectant
hand
sanitizer,
mouthwash
and
other
products

C&S
FACE
oil-painting series
products

Antimicrobial
tissue
and toilet
paper
series
products

In
September
2020,
C&S
FACE
oil-painting series
products
were
launched
as
highend
products
of
the
"FACE"
series,
which are
thick
and
tough
but
very
soft
upon
the skin.
They
also
have
beautiful,
highthem
as
"artworks"
among
tissues.definition
embossing
that
characterizes

Antimicrobial
tissue
and
toilet
paper series
products
were
launched.
Although such
papers
are
used
in
an
environment contaminated
with
bacteria
or
used
to wipe
bacteria
in
daily
operations,
they can
remain
clean.
Additionally,
there
is
no stimulation
to
skin
and
mucous
membrane.

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

High-quality
medical surgical
masks

Antimicrobial
hand
sanitizer

High-quality
medical
surgical
masks
are comfort
of
wearing,”
such
masks
were approved
by
EU
CE
and
U.S.
FDA.
Thirdparty
laboratory
results
from
the
United States,
the
E.U.
and
Japan
have
shown that
the
products
meet
the
highest
quality standards
of
this
regard.

The
company
launched
its
antimicrobial intestinal
pathogenic
bacteria
and pyogenic
bacillus.
Moreover,
it
contains plant
extracts
and
moisturizing
ingredients that
help
keep
the
skin
moist
and
supple.

Active
sanitary
pad
package

Active
sanitary
pad
package
was
launched
for
juveniles
at
an
age
of
15-25
in
the
market
in June
2020.
It
looks
small,
cute
and
portable,
and
thus
became
a
leading
category
with
which Doremi
will
attract
new
consumers.

Care
products
for
newborns,
babies
and
toddlers

In
2021,
care
products
for
newborns,
babies
and
toddlers
were
launched,
including
diapers and
pull-ups.
They
meet
high
medical
care
standards,
and
are
skin-friendly,
breathable,
dry and
clean,
and
easy
to
absorb
liquid.
The
company
strictly
monitors
such
products
with
six major
product-performance
indicators,
including
sensitized
microorganism
test
and growth
experience
for
babies.
production-environment
bacteria,
and
makes
efforts
to
provide
a
safer,
more
comfortable

The
supply
chain

Supplier
management

important
role
in
providing
high-quality
raw
materials
for
us
to
produce
products
in
line
with each
other
so
that
customer
demands
are
taken
into
account
seriously.customer
expectations.
After
joint
efforts,
both
sides
have
established
trust
relationships
with

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

The
most
important
raw
material
for
C&S
is
wood-pulp
board,
so
it
selects
sustainable,
traceable raw
supplies
of
materials.

C&S'
suppliers
use
timbers
from sustainably
managed
forests.
And
all these
timbers
can
be
traced
and forests.
This
ensures
legal
and obtained
from
certified
or
regulated compliant
forest
timber
supply
and an
acceptable
and
sustainable
supply chain.
Each
supplier
selected
by
the company
is
required
to
have
a
tracking system
to
enable
the
company
to
trace the
origin
of
the
purchased
timbers.

Each
supplier
selected
by
the
company is
required
to
improve
business management
system,
such
as
quality, security
systems. environment,
energy
efficiency
and

Forest
rejuvenation
is
an
important link
in
the
sustainable
development
of forests.
We
require
suppliers
to consider
the
environmental
value
in all
forestry
measures
and
ensure
that the
amount
of
foreign
growth
exceeds that
of
forest
consumption.

For
freight
transport,
the
company selects
suppliers
that
excel
in
regard to
material
tracking
and
inventory management.
RFID
pulp
tracking track
the
whole
pulp
transport
process. technology
can
effectively
and
reliably Accurate
real-time
tracking
can eliminate
freight
errors
and
ensure correct
delivery.
Radio
Frequency automatically
applied
to
each
pulp Identification
(RFID)
tag
will
be production
unit
in
each
supplier's factory,
to
ensure
continuous availability
of
information
required
for the
company's
business
planning.

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

==> picture [487 x 47] intentionally omitted <==

We
always
know
the origin
of
timber.

We
have
all
timbers 100%
FSC®
controlled We
plant
new We
don't
use
timbers legally
harvested. timber
and
PEFCTM trees
in
all from
protected
areas controlled
source harvesting
areas. or
tropical
forests.

==> picture [487 x 47] intentionally omitted <==

We
have
85%
of We
stress
biodiversity We
manage
forests We
actively
protect We
formulate
strict in
our
operation. by
means
of the
water
system. requirements
for
all (with
a
percentage carbon
sink. suppliers
globally and
conduct
regular worldwide
of
just
11%) review
for
them.

Supply-chain
management

For
the
supply
chain,
we
conduct
end-to-end
closed-loop
data
management
and
improve
it
in line
with
major
KPI
indicators:

==> picture [44 x 44] intentionally omitted <==

==> picture [44 x 43] intentionally omitted <==

Improvement
of
sales
forecast
accuracy
rate

mechanism
within
the
supply
chain
and
strengthen
communication
and
training
to
performing
offices
shall
share
their
experience.
And
to
establish
a
PK
competition facilitate
the
improvement
of
sales
forecast
accuracy
rate;

production
allocation
in
advance
for
the
balance
of
production
and
marketing, propose
monthly
and
weekly
production
and
marketing
coordination
mechanisms, optimize
the
inventory
category
structure
for
finished
goods,
work
out
an
accurate production
and
OEM
supplements
in
advance
in
line
with
the
pace
of
sales
and
the
production
schedule,
improve
effective
safety
stock
of
finished
goods,
prepare production
of
various
types
of
products,
especially
during
a
good
start,
back-toschool
season,
"June
18"
festival,
and
"Double
Eleven"
festival,
and
strengthen

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

==> picture [44 x 43] intentionally omitted <==

Reduction
of
logistics
expenses

in
accordance
with
the
production
capacity
layout
in
each
area.
In
2020,
products
in reduce
logistics
costs.

2020
was
an
extraordinary
and
challenging
year.
COVID-19
pandemic
occurred.
National
and local
governments
issued
a
series
of
prevention
and
control
policies
to
stop
the
virus
from spreading.
Wuhan
was
locked
down.
Barriers
were
set
on
streets
and
factory
accesses,
various checkpoint
checks
were
carried
out
for
logistics
and
distribution,
quarantine
was
implemented, on
April
8,
the
virus
infection
cases
were
successively
found
in
Xinjiang,
Hebei,
Heilongjiang...
etc.
In
such
a
case,
it
became
much
more
difficult
to
deliver
products.
After
unblocking
of
Wuhan In
such
circumstances,
the
company
actively
took
countermeasures
and
adjusted
the
supply location
for
customers
in
Central
China
to
South
China
to
ensure
normal
supply
during
the pandemic.
To
ensure
normal
delivery,
our
logistics
workers
risked
their
lives
to
work
on
the
front lines.
During
this
period,
the
following
adjustments
were
made
in
terms
of
logistics:

Seeking
vehicles
with
special possible
to
ensure
smooth
delivery
of goods;

Centrally
and
separately
managing
vehicle drivers
involved
in
delivery
during
the
lockdown
period
to
demonstrate
humanistic
care and
take
safety
precautions;

smooth
access
for
employees;

Conducting
the
integrated
management
of logistics
and
warehousing,
production
and marketing,
ensuring
every
employee
at
his/ her
own
position,
keeping
close
contact
with salesmen,
and
ensure
the
overall
smooth operation;

Due
to
the
outbreak
of
the
pandemic
and
the
unilateral
devaluation
of
goods,
annual
logistics expenses
in
2020
were
basically
the
same
as
those
in
2019,
ensuring
achievement
of
the company's
performance
goal.

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

Optimization
of
production
management
and enhancement
of
product
quality

Management
by
walking
around,
and
continuous
improvement

The
Production
Management
Department
of
the
company
implements
the
"management
by walking
around"
strategy
so
as
to
encourage
production
managers
to
personally
inspect to
improve.
Due
to
these
effective
measures,
the
paper
production
efficiency
was
increased

Equipment
improvement
and
innovation

The
company
encourages
innovation.
It
has
developed
an
innovation
mechanism
to technical
improvements
and
innovations
in
total.
The
following
table
shows
representative innovations
in
various
production
bases：

1 S/N 2	Technicalimprovementof thevacuumpumpofthe nine-rowmachinethrough frequencyconversion control Projectname Cleanwatersystem renovation	Originally,thevacuumpumpwasstartedbystardelta,itwas impossibletoadjustnegativepressureoverdiferentproducts ofthefoldingmachine,andthemotorwasprotectedwith thermorelay. Beforeimprovement (1) Cleanwaterwasusedincoolingatthepapermachineoil stationandfowedintowhitewaterpool; (2) Thecoolingwaterfromtherollingbearingofthefanfowed intothewhitewaterpool.	Theadoptionofafrequencyconvertermakesitpossibleto adjustnegativepressureatavacuumdegree,properlyreduce thefrequencyaccordingtofoldingrequirementstoreduce powerconsumption,andhaveaquickalertresponseincaseof anyfrequencyconverterfailure. Afterimprovement Thecoolingwaterfromboththeoilstationandthefanisledinto thePEOdilutingtanktoreducethetemperatureofrecycled waterinthedilutingtank,improvethePEOviscosity,andreduce thedosageofthedisperser.
		Oncetheblanketpassestheextrusionarea,thewaterinthe
3	Renovationofwaterpanof vacuumroller	vacuumrollerholecan'tbecleanedawaycompletely,thewater splashingphenomenonwasserious,thepaperbecamewet againandtherewasabubbleimpressioninthevacuum,thus	Theadoptionofthewaterpanofthevacuumrollerreduces steamconsumptionandimprovesvehiclespeed.
		theenergyconsumptionfordryingwasincreased.
4 5	Directproductionwater supplyinsteadofclean watersupplyforgas desulfurizationsystem Electricityconsumption improvementofthe vacuumpumpof3600 tissuemachine	Theprocesspumpwasusedtoprovidewaterforthegas desulfurizationsystem24hours.Anywatersupplywasnot continuous,exceptforthecoolingwaterofthecirculating pump,sothatelectricitywaswastedandequipmentpartswere damagedduetolong-termoperation. (1) Thenoiseofrootsvacuumpumpisextremelygreatand formsanoccupationalhazard; (2) OneOKtissueproductionlineisconfguredwithtworoots vacuumpumps.Monthlyelectricityconsumptionis50%ofthe totaltissue-productionelectricityconsumption.	Aftertheadoptionofthedirectproductionwatersupply,this pumpwasstoppedandannualelectricityfeesavingreaches morethanRMB600,000. (1) Thenoiseofpermanentmagnetvacuumpumpisreducedto 18dB; (2) Dailyelectricitysavingreaches24%overall.
6 7	Theseven-piecepackaging transformationofChangde facialtissuemachine Recyclingofconcentrated water	It'simpossibletoproduceaseven-pieceproductwithcurrent equipmentintheplant.Theequipmentshouldtechnicallybe improvedandtheproductstructureshouldbeenriched. Inthepreparationanddesalinationprocess,reverseosmosis generatessomeconcentratedwater,whichispartlyusedin cleaningthemechanicalflterandpartlydrainedaway, resultingincertainwaste.	Onthebasisoftheoriginalproductionofeightor10pieces,the equipmentcanproduceaseven-pieceproduct.Afterthe improvement,theequipmentrunssteadily.Theproductionmay bechangedatanytimeifneeded,toachievetheimprovement efect. Theredundantconcentratedwateristreatedthroughreverse osmosisagain,whichsaves10,710tonsofwaterannually.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

			C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511
S/N	Projectname	Beforeimprovement	Afterimprovement
8	Technicalimprovementof paperinjectionofBF12 papermachine	Originally,paperinjectionintotheBF12papermachinewas conductedmanuallybytheoperator.Theoperatoreasily touchedtherotatingpartoftheequipment,andthepaper machineranquickly.Insuchacase,asafetyaccidentcould easilyoccur.	Beforethetoughclothisputintothecompressionroller,atail cutterisinstalled,thepaperinjectionductisinstalledonthe kniferestandreelingend,thepaperinjectionstringismoved away,andthenthepaperisinjectedwithcompressedair.As such,theoperatoravoidstouchingtherotatingpartofthe equipment,andthefrequencyofsafetyaccidentisreduced.
9 10 11 12	Theheatdissipationatthe mouthofandimprovement ofslimepulpinthe machinechest Servoimprovementofthe vacuumpumpofthetissue linefoldingmachine Technicalimprovementfor pulpreclaimedfromair- fotationmachineno.2and no.5forenvironmental protectioninJiangmen Thetransformationfrom theaircompressorinto OPDenergy-savingmotor	(1) Thenozzleoftheoriginalpulptankisrelativelyshort,and thegreatpulpimpactforceresultsinmuchpulpaccumulated onthewallandhatchofthetankandatthemouthofthe machinechest.Thepulptankisanindependentandwell- sealedstainless-steelstructureinwhichthetemperatureis veryhighinsummer.Inalongterm,thereisaqualityriskthat thepulpwillbecomeslimeandgenerateimpuritieseasily; (2) Eachtime,cleaningthetankandremovingawayslimepulp aretime-consumingandlabor-intensive. Itispoweredbyafull-frequency75KWmotor,butthefrequency can'tbeadjustedduetoproductionunderdiferentworking conditions. (1) Whitewaterfromanypapermakingworkshopisdrained intothetrench,andthefbersfowalongthetrenchandinto theeco-friendlyworkshoptotreatthroughairfotationmethod andgeneratewastepulp. (2) Thewhitewaterismixedwithwaterinthetrench,anditis impossibletoseparatethemfromeachotherforindependent treatment. Currently,theaircompressorisstartedbythestardelta contractoratasignifcantcurrent,whichresultsinelectricity wasteandimpactsthenetworkvoltage.Anditisunloaded underapressureupto8KG,wherethedryrunningofthemotor resultsinexceptionaldamagetomotor-bearingandpower consumptionduetolong-termoperation.	(1) Anairventisbuiltforthemachinechest,afanisinstalledto achieveairconvection,andthenozzleofthepulptankis technicallyimprovedtopreventpulpdropsfromstickingonthe tankwallsothatthetemperatureinthetankisreduced,the opulpwillnotbecomeslimeanymore,andthequalityproblemis aslved; (2) Thelowerfrequencyandshortertimeofcleaningofthepulp tankresultinareductionoflaborintensity. Thefull-frequencymotorisreplacedwithaservomotorto reducethefrequencyasperthecorrespondingvacuumdegree underdiferentworkingconditions.Thepower-savingrateafter theimprovementis12.9%incomparisonwiththatbeforethe improvement. (1) Twonew5m³PEpulpstoragetanksareincreased,thefbers arerecoveredfromair-fotationmachineno.2andno.5, throughthetechnicallyimprovedpipes,andtothepulptank, andthenwithdrawnthroughthepulppumptotheKCF,no.3and no.4papermachines. (2) Afterthetechnicalimprovementofthewhitewaterpipes,it ispossibletoreclaimwhitewaterfrompapermachinenos.1,2, 3and4throughtheair-fotationmachinenos.2and5and switchthewhitewaterpipesbetweentheair-fotationmachines topreventtheworkshoporair-fotationmachinefrombeing repairedandthewhitewaterfrombeingdrainedintothetrench. (3) Baseduponthetechnicalimprovementforfberrecovery fromair-fotationmachines,theproductionandeco-friendly workshopscommunicatewitheachothertoreducethedrainage ofwhitewaterintothetrenchandpumpthewatertoanair- fotationmachinethroughtheproperpipe,sothattheusage rateofthereclaimedpulpisimproved. Thepower-savingratereaches5%.

Joint
functioning
of
six
major
channels
and

2020
was
the
second
year
of
implementation
of
the
company's
second
"Five-Year
Plan.”
In
the year,
the
company
enhanced
its
channels.
These
are
General
Trade
(GT),
E-Commerce
(EC),
Key Account
(KA),
Away
From
Home
(AFH),
Special
Channel
(SC),
and
Retail
Channel
(RC),
which They
form
a
marketing
network
covering
a
majority
of
prefecture-level
(or
county-level)
cities
provide
more
accurate
positioning
services
and
guide
consumers
to
achieve
effective
results. in
China.
Additionally,
the
company
implements
the
strategies
of
direct
sale
to
counties
and layout
for
distributors.
distribution
to
towns
to
continue
fine
and
flat
market
management
and
expand
the
network

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

==> picture [367 x 146] intentionally omitted <==

----- Start of picture text -----









EC








GT 







SC
Six
major
channels








AFH 







KA








RC
----- End of picture text -----

Due
to
the
outbreak
of
the
pandemic,
the
supply
chain
was
blocked
in
2020,
and
great with
consumption
habits
during
the
pandemic.
While
adjusting
supply-chain
management resources
online
and
strengthened
the
layout
and
development
of
the
EC
channel,
with
and
ensuring
stable
sales
through
offline
channels,
the
company
has
actively
input
more relatively
remarkable
EC
performance.

Timeline
of
e-commerce
marketing
activities

==> picture [491 x 191] intentionally omitted <==

----- Start of picture text -----

2020 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
1月 220
Pinduoduo
Brand
Show Cherry
Blossom
Festival
activities
delayed
to
March
due
to
the
pandemic
2月 3.8
Goddess
Live
Festival
3月 316
Tmall
Super
Brand
Fair 324
JD.COM
Brand
Seckilling
4月
5月 514
Tmall
Super
Choice
Day
Juhuasuan
55
Promotion
to
be
 Tmall
Flagship
Store
"Six-Theme
Event"
6月 launched
together
with
Uzi
 JD.COM
618
7月 Uzi
Budweiser
-
Harbin
Beer
event
8月 Suning
"818"
Activity
9月
10月
11月 Miaoshiyou
new
product
to
be
launched
online
E-commerce
live
streaming
 streaming
by
Mr.
Dai
E-commerce
live
by
Mr.
Liu
----- End of picture text -----

Thirteen
marketing
activities
were
conducted
in
2020,
including
two
live
shows
with
featured stars,
two
IP
new
product
launch
activities,
four
platform
product
marketing
activities,
three presidential
live
shows
and
a
joint
brand
promotion
activity.
In
addition
to
regular
large-scale promotion
and
Category
Day,
Tmall
conducted
the
55
Promotion
Activity
in
2020.

==> picture [278 x 31] intentionally omitted <==

----- Start of picture text -----



C&S

 Environmental, Social and Governance (ESG) Report
stock
code:002511
----- End of picture text -----

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continued
to
strengthen
contact
with
and
support
for
dealers,
held
regular
exchange
meetings for
dealers,
provided
relevant
training
for
dealers
and
ensured
timely
updates
in
regard
to market
developments.
The
company
has
hoarded
its
products
during
Spring
Festival
to
ensure adequate
inventory;
provided
masks
for
dealers,
actively
coordinated
supply-chain
allocation to
ensure
smooth
logistics
as
far
as
possible
during
the
pandemic.
We
also
held
dealers' exchange
meeting,
supported
dealers'
products,
assisted
dealers
in
reasonably
arranging
the product
marketing
and
selling
activity
proportions,
relaunched
sales
vehicles
in
stores,

harmonious
and
win-win
new
cooperation
relationships
with
the
dealers
during
the
postpandemic
period.

==> picture [489 x 142] intentionally omitted <==

----- Start of picture text -----

Launch
meeting
for
dealer
exchange
base
for
stockpiling
during
Spring
Festival
in
the
GTE
customer
exchange
meeting
 Launch
meeting
for
stockpiling
in
the
Yunnan- Northeast
China
region
for
the
East
China
region
 Guizhou-Guangxi
region
during
Spring
Festival
----- End of picture text -----

Chapter
II

Standard
Governance
and
Promotion
of
New
RMB
10
Billion
Industrial
Platform

==> picture [596 x 339] intentionally omitted <==

----- Start of picture text -----

Launch
meeting
for
new
FACE
oil-painting
 Autumn
campus
stockpiling
and
key-account
series
in
the
North
China
region
 exchange
meeting
in
the
South
China
region
Dealers'
exchange
meeting
 Major
meeting
of
dealers
in
the
Northwest
 "Sanitary
Production
Symposium"
for
in
the
Central
China
region China
region,
where
participants
learned
 sanitary
product
dealers
and
prospective
about
Xi'an
and
excellent
dealers
were
 dealers
in
the
Southwest
China
region
invited
to
share
their
experiences
----- End of picture text -----

Quality
management
and
customer
service

C&S
carefully
selects
high-quality
wood
pulp
from
a
global
network
of
sources.
Accordingly, raw
materials
come
from
North
America,
South
America,
Europe,
Southeast
Asia
and
elsewhere, and
its
partners
have
been
recognized
by
international
environmental
protection
organizations. company
pursues
healthy,
sustainable
development.

With
FSC®
and
COC®
(FSC®
production
and
marketing
supervision
chain)
certifications,
the

and
strict
management
systems
and
operation
rules
for
all
links
from
procurement
of
raw to
the
rendering
of
after-sales
services.
Additionally,
the
company
strictly
controls
and supervises
all-level
work
to
ensure
that
consumers
are
provided
with
high-quality
products and
services.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

	C&SEnvironmental, Social and stockcode:002511	C&SEnvironmental, Social and stockcode:002511	C&SEnvironmental, Social and stockcode:002511	C&SEnvironmental, Social and stockcode:002511	Governance (ESG) Report
Memberenterprise	CertifcationStatisticsofC&SPaperCo.,Ltd. Certifcationsystem ISO9001:2015 ISO14001:2015 ISO45001:2018				FSCCOC
C&SPaperCo.,Ltd.
JiangmenC&SPaperCo.,Ltd.
C&S(Yunfu)PaperCo.,Ltd.
C&S(Sichuan)PaperCo.,Ltd.
ZhejiangZhongshunPaperCo.,Ltd.
C&S(Hubei)PaperCo.,Ltd.
C&SPaperCo.,Ltd.TangshanBranch
ShanghaiHuicongPaper
IndustryCo.,Ltd.
BeijingC&SPaperCo.,Ltd.
C&SHongKongCo.,Ltd.
C&S(Macao)Co.,Ltd.
ZhongShunInternationalCo.,Ltd.
ZhongshanZhongshun
TradingCo.,Ltd.
HangzhouC&STradingCo.,Ltd. XiaoganC&STradingCo.,Ltd. C&S(Yunfu)TradingCo.,Ltd.

Management
Department
of
the
company
was
organized
in
order
to
hold
the
Quality
Evaluation Conference
at
regular
intervals,
evaluate
products
from
six
major
production
bases
in
aspects from
physical
and
chemical
indicators
to
actual
touch
feeling,
and
identify
areas
requiring improvement.
Furthermore,
the
company
has
been
improving
and
perfecting
customer complaint
channels.
In
addition
to
the
traditional
customer
complaint
hotline,
it
has
gradually increased
the
marketing,
e-commerce,
e-consumer,
Microblog,
WeChat,
employee,
and shopping
guide
channels.
In
order
to
further
expand
channels
for
the
acceptance
of
complaints from
the
marketplace
and
receive
a
broader
range
of
opinions
and
suggestions
from
the employees)
through
WeChat.
Upon
entry-into-service,
this
complaint
platform
will
become
an
market,
the
company
has
officially
opened
its
product
quality
complaint
platform
(only
for
C&S Production
and
Quality
Management
departments.
Therefore,
the
company
receives
complaints
effective
product-quality
supervision
platform
as
well
as
a
platform
for
direct
contact
with and
suggestions
from
customers
through
multiple
channels,
strives
to
understand
customers' advice
on
product
defects
and
improvements,
and
gives
timely
feedback
to
the
R&D
and Production
departments
to
continuously
improve
product
properties
and
meet
consumers' usage
requirements.

Chapter
III

People-Oriented
Principle
and Employee
Value
Achievement

Employees
lay
a
foundation
for
an
enterprise,
and
their
growth
and
development
form
an impetus
for
the
enterprise'
sustainable
development.

Personnel
structure

C&S
gives
every
single
employee
an
equal
opportunity,
fair
treatment
and
complete
welfare. Additionally,
C&S
hires
the
disabled,
and
provides
job
opportunities
for
more
disabled
people.

==> picture [480 x 183] intentionally omitted <==

----- Start of picture text -----

By
age By
educational
background
2631 Middle
school
and
below


 30.7%
18-25


6%
 2035
18 1039 Bachelor
degree






 8.4%
25-35


40%
373 College
degree 22.2%
35-40


22%
554 High
school 22.7%
1489 910 40-45


18%
 1501
Postgraduate 0.3%
45
and
above


14%
1215 1471 Technical
secondary
school 15.7%
By
gender Whether
there
are
disabled
employees
Male 3218,49%
Female 3400,51% Currently,
C&S
has
five
disabled
employees.
----- End of picture text -----

The
company
hires
employees
in
accordance
with
the
requirements
of
national
labor
laws
and regulations,
signs
a
written
labor
contract
with
each
employee
on
the
basis
of
equality, voluntariness
and
consultation,
and
provides
competitive
total
compensation
and
statuary benefits
for
each
employee
in
line
with
laws.
To
advocate
a
humanized
working
atmosphere, or
holiday,
such
as
Women's
Day,
Children's
Day,
May
Day
and
National
Day.
The
company
also
the
company
prepares
different
wishes
and
gifts
for
our
employees
in
every
important
festival follows
every
employee's
important
life
events,
holds
a
birthday
party
for
every
employee
each year,
and
gives
wishes
and
gifts
to
employees
who
get
married
or
have
babies.
The
various events
help
the
employees
and
their
family
members
feel
the
warmth
of
our
big
family,
and
a relaxed
work
environment
encourages
them
to
improve
their
life
balance
while
promoting
the stability
of
employee
teams
so
as
to
ensure
the
healthy
development
for
the
company
and
its people.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

		C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511
Area	Date	Activitycontents
Headquarters	July21,2020	ThemePartyDayCampaignattheHQ
HubeiC&S	July31,2020	ArmyDayevent
Headquarters	August6,2020	Floriculturetrainingandgroupphoto
Headquarters	August22,2020	Parents-childFunnyCampaignofTHEPAPERHOUSEfor"CleaningandSoftCareforBaby"
ZhejiangC&S	August22,2020	OutwardBoundProgramofChiefCamp
Headquarters	September28,2020	Mid-AutumnFestivalGardenParty
HubeiC&S	September14,2020	TheFirstTableBallCompetition
TangshanBranch	September30,2020	Mid-AutumnFestivalCelebration
SichuanC&S	October26,2020	Employees'birthdaypartyinOctobe

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==> picture [112 x 78] intentionally omitted <==

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==> picture [98 x 141] intentionally omitted <==

Creating
a
comfortable
living/working
environment
for
employees

==> picture [140 x 59] intentionally omitted <==

----- Start of picture text -----

at
the
Hubei
base
The
first
table-tennis
competition
----- End of picture text -----

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==> picture [140 x 15] intentionally omitted <==

----- Start of picture text -----

Mid-Autumn
Festival
celebration
at
the
Tangshan
base
----- End of picture text -----

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==> picture [140 x 89] intentionally omitted <==

==> picture [141 x 15] intentionally omitted <==

----- Start of picture text -----

Army
Day
event
at
the
Hubei
base
----- End of picture text -----

==> picture [140 x 15] intentionally omitted <==

----- Start of picture text -----

Employee's
birthday
party
at
the
Sichuan
base
----- End of picture text -----

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==> picture [292 x 15] intentionally omitted <==

----- Start of picture text -----

Outward
Bound
"Chief
Camp"
program
at
the
Zhejiang
base
----- End of picture text -----

Chapter
III

People-Oriented
Principle
and
Employee
Value
Achievement

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==> picture [116 x 74] intentionally omitted <==

==> picture [116 x 74] intentionally omitted <==

==> picture [489 x 128] intentionally omitted <==

----- Start of picture text -----

Parent/child
fun
campaign
of
 Mid-Autumn
Festival
 Theme
Party
Day
campaign
at
HQ Beach
volleyball
competition
THE
PAPER
HOUSE
for
"Cleaning
 garden
party
at
HQ for
the
North
China
region
and
Soft
Care
for
Baby"
at
HQ
Team-building
campaign
for
 Team-building
campaign
for
 Outward
Bound
program
for
the
East
China
region the
South
China
region 
the
Southwest
China
region
----- End of picture text -----

The
company,
in
2020,
has
further
improved
its
training
system.
The
company's
training programs
cover
various
training
courses
that
involves
complete
sequence,
all
jobs,
multiple types
and
forms,
with
the
aim
of
helping
employees
to
realize
growth
and
development.
It
has improved
the
comprehensive
capability
and
quality
of
employees
from
the
aspects
of management
and
talent
management,
so
that
new
employees
can
smoothly
integrate
with
the
macroeconomics
and
national
policy
to
corporate
strategy,
standardized
governance,
financial company
through
systematic,
professional
training.

The
company
has
established
production-safety
and
management
systems,
through
which
it has
conducted
investigation
and
treatment
in
regard
to
hazards.
It
has
improved
the under
the
QHSAS18001
occupational
health
and
safety-management
system.
The
company
has training
and
other
activities,
and
purchased
various
labor
protection
articles
for
employees
in
a
regularly
organized
the
safety
production
meetings,
conducted
emergency
drills,
fire-safety timely
manner,
to
ensure
their
safety
during
production
and
related
work.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Content
of
Training

Area Headquarters	TrainingContents Document-managementmethodsandskills	Participant Systemliaisonofcersofvariousdepartments +regionalISOsystemspecialists	Numberof Participants 15
Headquarters	Dailyqualitymanagementrequiredofsuppliers	PersonnelofPurchasing+QC	9
	ProjectTenderingSystem,SupplierManagement
	System,PurchasingManagementSystem,Notice
	onManagementReminderandStandardized
Headquarters	OperationforPrinciplesof2019AnnualFinancial SummaryConference,ManagementSystemfor QualityAuditandPerformanceEvaluationof Suppliers,ImplementationPlanofExcellentTeam in2020,FinancialTrainingonLogisticsSign-of System,ManagementSystemforQualityAuditand PerformanceEvaluationofSuppliers, ManagementSystemforRewardandPunishment ofQuality,PurchasingPriceVerifcation ManagementSystem,ManagementSystemofEAS BasicData,TrainingonFinancialWorkfowDesign, DiscountTrainingin2020,LogisticsDistribution ManagementSystem,TrainingonPractical ApplicationofVATInvoice,ManagementSystemof OutsourcingProducts,Travel-ExpenseSystemfor BusinessPersonnelandStafs(NewEditioninMay 2020),ERPManagementSystem,Management	FinanceDepartmentclerk	3599
	SystemofCashierWork,ManagementSystemfor
	SprnagementSystem,ManagementSystemfor
	OaterialsandGifts,AdvertisingMateria
	saMastem,AccountabilitySystemforSaleso
	EndaMystem,Per-CapitaIndexAnalysisManag
	mentaSyalysisManagementSystem,LoanManage
	entaSnnagementSystemofthecompany,Purchas ngaAaorManagementSystem,InternalD taaMdnancialAnalysisManagementSystem,Pro uctaOistemforAccessandRejectionofSupp ier,aFyrifcationofPurchasingPrice,Manag mentaSensumptionCustomer,Managementsystemf
	raVorehouse,CreditSystemforCommercial
	CaotCheckDuringUnpackingofProductin
	aWderingofAirandRailTickets,andManagement
Headquarters Headquarters	SystemforCharityAidofC&SPaper EAStraining Introductionofauditingskillsandmethods	Information-basedfactorypersonnel Systemliaisonofcersofvariousdepartments +regionalISOsystemspecialists	2 15
Headquarters Headquarters Headquarters	Analysisandresolutionof commoncustomercomplaints Managementofsignifcantsales-expenserisks Briefintroductiontocopywritingidentifcation ofproductpackaging	(Group)Market+R&D+Logistics +Purchasing+Sales Regionalgeneralmanager,marketinggeneral manager,channeldirectorandmarketing planningdirector Productmanager+designer	20 20 15
Headquarters	Managementofengineeringrisk	Engineeringdirectorandprojectmanager	10

Chapter
III

People-Oriented
Principle
and
Employee
Value
Achievement

Area	TrainingContents	Participant	Numberof Participants
Headquarters	Audittraining	AuditDepartment	10
	Operationtrainingforoutgoingareaof
HubeiC&S	stereoscopicwarehouse,safety-management trainingofstereoscopicwarehouseandWMS systemoperationofstereoscopicwarehouse Trainingonaccountingandpaymentofpersonal incometax,qualifcationtrainingofISOthree- systeminternalauditor,comprehensive	Maintenanceworkerof stereoscopicwarehouse	12
HubeiC&S	emergency-plantraining,TTTtraining,trainingon third-ordersystemoftheoccupationalhealth	Squadleaderandabove	274
	system,structuredthinkingandexpression,and
	standardtrainingon2020pest-controlsummary
	&productionenvironmentalhygiene
HubeiC&S HubeiC&S HubeiC&S	Processcontrolstandard Materialreceivinganddispatchingprocess,and operationtrainingofERPsystemdocumentation Hand-feeltestandtrainingonfrontsandback identifcationofpaper,hand-feeltestand equipmentmanagement	Chiefofpapermachineandformerprocess qualitycontroller Warehousekeeperofsemi-fnishedgoods alloperatorsandpersonnelabovethechief levelintheformerprocessandsubsequent process;QCofcer	44 9 501
	Trainingonsafeoperationofequipmentand
HubeiC&S HubeiC&S	commonfaultsofequipmentinthestereoscopic warehouse Safetytraininganddrillsforoperationin confnedspaces	Electriciansandmaintenanceworkers Papermakingandenvironmentalprotection personnel	42 19
	Safetyoperationandmaintenancetrainingfor
	completesetsofhighandlowvoltageequipment,
	CADtraining,specialoperationsafetytraining,
	dryertraining,troubleshootingandmaintenance
	ofwater-cooledairconditioners,safety-
HubeiC&S	managementtraining,DCSoperationof papermakingmachines,DCStrainingfor	ElectricianofM&EDepartment	169
HubeiC&S	desulfurizationandde-nitration,trainingon handlingmethodsforcommonfaultoffrequency converter,handlingmethodsforcommonfaultof softstarter,equipmentmaintenancetraining,and usageofcommonfre-fghtingequipment OJTtrainingof3600WorkshopandFacialTissue Workshop,trainingofExcelofcesoftware,OJT trainingofpre-process,OJTtrainingofTissue	Alldepartmentemployees	300
HubeiC&S	Workshop,BoilerWorkshopandRewinding Workshop afetyeducationandtrainingforresumptionof workandproduction,certifcationtrainingfor frst-aider,fre-safetytheoryandpracticaltraining, andtrainingformonthly,weeklyanddaily	Allfactoryemployees	910
	productionscheduling

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Area	TrainingContents	Participant	Numberof Participants
	Trainingforthepulper'sintelligentcontrolsystem,
	trainingintheintelligentcontrolsystemofpulp
	grinding,principletraininginthechemicalsused
HubeiC&S	inpapermaking,vacuum-rollertraining,OJT training,traininginthewinding-controlsystems ofpapermakingmachines,BTGscrapertraining, traininginqualityknowledgeandtesting techniques,traininginthefnished-product qualitystandard,traininginmagnetic-suspension	Employeesofformerprocess	279
	vacuumpumpequipment,commonfaultsand
	treatmentmethodsofelectromechanical
	instrumentsforpapermaking,andtraininginthe
	papermakingprocessandchemicaltheory
HubeiC&S HubeiC&S HubeiC&S HubeiC&S	Warehousing-managementsafetytraining Excelskillsandfunctionapplication,project- reviewtraining,timemanagement,Q&Afor companyrules,regulationsandlaborlaws,and fshbowlmeetings Trainingonaccountingandanalysisofcosts,pest controltraining,andsquad-leadercapability- enhancementtraining Trainingonemergencytreatmentof foodpoisoning Operationproceduresfordesulfurizationsystem	AllemployeesofLogisticsDepartment TraineesofMentorshipProgramand JumpstartProgram,managers,supervisors, squadleadersandhumanresourcesstafsof variousworkshops Workshopmanager,supervisor,squadleader andstatistics Allemployeesofadministration +stafrestaurant	18 100 118 11
	ofdustremover,safetyproceduresforde-nitration
HubeiC&S HubeiC&S	system,operationtrainingonDCSfortheboiler, DCSoperationofdesulfurizationandde-nitration system,boileremergencyplan,applicationand safetyofhydrochloricacid,andproceduresfor second-stagecirculatingfuidizedbedboiler OJTtraining,typicalwork-relatedinjurycasesand identifcationofon-sitehazards,hand-feeltest, maintenanceandcommissioningofrewinding andtheSoontruepackingmachine,trainingon watertreatment,trainingonfvemajorrisk operationsystemsandprecautionsforoperation	Allemployeesofboilerworkshop Allemployeesofworkshop	105 1512
	safety,trainingondrivingsafetyoperationand
	emergencydisposal,skilltrainingandhand-feel
	test
HubeiC&S	Trainingintheoperationandsafetyof stereoscopicwarehouseequipment	AllemployeesofLogisticsDepartment	7
HubeiC&S	Coordinationofproductionandsales, managementsystemsforsluggish/decreasing salesofpackingmaterialsandtraininginthe operationspecifcation,andformulationof monthlycapacityanalysisandsupplyplan	AllemployeesofProductionPlanning Department	13
HubeiC&S	3600tissuequalitytraining,OKbundle-packing machinetraining,skillsandcommissioning trainingofOKbundle-packingmachine,training onidentifcationofmachinehazardsandsafety operationprocess,folding-machineskilltraining	Employeesandoperatorsof3600workshop	278
	andOJTpracticaltraining

Chapter
III

People-Oriented
Principle
and
Employee
Value
Achievement

Area HubeiC&S	TrainingContents Howtoholdapre-shiftmeeting,identifcationand controlofriskfactors,primary-levelmanagement training,PPTskilltraining,timemanagement,on- sitemanagementpracticetraining,efcient communication,trainingonsevenmajor	Participant TraineesofEagleProgramandEyasProgram	Numberof Participants 376
	techniquesofQC,manager'srolecognitionand
	Excelskilltraining
	Trainingofsafetymanagementrules,correct
HubeiC&S	understandingoftheoccupationalhazardsin workshopsaswellasthepreventionandcontrol	Supervisorandabove	74
	measures
	Corporateculture,paperproductsandproduct
HubeiC&S	knowledge,professionalquality,5S,equipment maintenance,personnelrulesandregulations,	Newrecruits	351
	safetyandquality
HubeiC&S HubeiC&S	Trainingonautomaticwarehousesystem Operationprocessofsystemdocumentsfor variouspositionsinauxiliarymaterialwarehouse	PersonnelofWarehousingand LogisticsDepartment StafofMaterialsandEquipmentDepartment	12 9
HubeiC&S	Hand-feeltest	PhaseIIformerprocess+QCemployees	34
JiangmenC&S	Productstandardsandrequirements	Employeesofsubsequentprocess	285
	Operationtrainingregardingthe3600tissueroll
	machine,kitchen-towel-rollmachine,bundle-
	packingmachine,newkitchen-towel-rollmachine
	andrewindingmachine,commissioningtraining
JiangmenC&S	of3-Dembossingunits,W+Dskilloperation training,operationskilltrainingofnewminifacial	Chief,operatorandpacker	161
	tissuemachine,trainingofhiddentroubleshooting
	investigationforequipment,traininginsafe
	equipmentoperation,andoperationskilltraining
	ofsinglepackingmachine.
	Trainingonanti-mosquitomanagementanddust
	prevention,trainingonpapermakingprocessand
	keycontrolpoints,traininginsafecraneoperation,
	trainingonstart-upandshutdownoperation
	processofpapermakingmachines,dryercoating
JiangmenC&S	establishmentandscraperusage,hand-feeltest, on-siteenvironmentalmanagementtraining, safety-managementsystemtraining,typical	Squadleader,chief,operator, packerandsupervisor	500
	qualitycases,IEimprovementtechniquesand
	practicalapplications,change-pointmanagement,
	correctionandpreventionofcommonpaper
	defects,andtrainingincauseanalysisandpaper-
	defectcontrolmethods
	High-risk-operationsafetytraining,equipment-
	lubricationmanagementtraining,non-standard
JiangmenC&S	sketchdrawingtraining,equipmentvibrationfault test,commontroubleshootingtraining,Siemens	Mechanicaltechnicianandelectrician	153
	S7-300/400PLCapplicationandfaultdiagnosis
	technology

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Area	TrainingContents	Participant	Numberof Participants
	Trainingforthepulper'sintelligentcontrolsystem,
	trainingintheintelligentcontrolsystemofpulp
	grinding,principletraininginthechemicalsused
JiangmenC&S	inpapermaking,vacuum-rollertraining,OJT training,traininginthewinding-controlsystems ofpapermakingmachines,BTGscrapertraining, traininginqualityknowledgeandtesting techniques,traininginthefnished-product qualitystandard,traininginmagnetic-suspension	Warehousesquadleaderand warehousemanager	178
	vacuumpumpequipment,commonfaultsand
	treatmentmethodsofelectromechanical
	instrumentsforpapermaking,andtraininginthe
	papermakingprocessandchemicaltheory
	Trainingintheoperationskillsoffour-color
JiangmenC&S	napkin,operationoffullembossingequipmentof 3600tissuerollmachine,andSongchuansingle	Operator	23
	packingmachine
	ExpenseWithholdingManagementSystem,Notice
JiangmenC&S JiangmenC&S JiangmenC&S JiangmenC&S	onManagementReminderandStandardized OperationforPrinciplesofAnnualFinancial SummaryConference,ManagementSystemfor Team-BuildingExpenses,TrainingonSales ManagementofWasteMaterials,StafTravel ManagementSystem,LoanManagementSystem, UsagePublicityofVATInvoice,FundPlanning Training,Fixed-AssetSystem,EasyReimbursement SystemTraining,andExpenseReimbursementand InvoiceVerifcationManagementSystem Excelorientationtraining,instrumentoperation andself-calibration,laboratorymanagement regulations,typicalnon-conformityofpackaging materials,overviewofquality-management system,identifcationandcauseanalysisofpaper defects Forkliftsafetytraining CommonEHSlawsandregulations,RedCrossfrst- aidtraining,andintrinsicsafety Traininginsafetyregulations,efcientteam management,accidentcasesafetytraining,drill trainingoffresafetyemergencyplan, improvementofmanagementskillsforsafetyon	Financialstaf,departmentheadsandclerks Managers,supervisors,qualitycontrolstaf andworkshopstatistics ForkliftDriver Full-timeandpart-timesecurityadministrator	199 76 21 60
JiangmenC&S	theproductionsite,traininginoccupational health,managercoreleadershipand	Manager,supervisor,squadleader	337
	improvementofmanagementskills,trainingon
JiangmenC&S JiangmenC&S	interpretationofISO9001systemclause,training onlawsandregulationsofenvironmental protection,andqualityawareness Fire-fghtingequipmenttraining On-site5Smanagementtraining	Workshopemployees Employeesoftissueworkshop	288 176
SichuanC&S	Trainingonqualitystandardofrewinding	Rewindingemployees	127

Chapter
III

People-Oriented
Principle
and
Employee
Value
Achievement

Area SichuanC&S	TrainingContents FIFO(First-inandfrst-out)management,5Sof semi-fnishedproductsandvisual-basedfeld management,trainingintheMaterialsand EquipmentDepartment'squalitysystem,	Participant Warehousekeeper	Numberof Participants 97
	troubleshootingofstereoscopicwarehouse,and
	traininginmanagementknowledgeofhazardous
	chemicals
	Correctionofpaperdefects,OJTtrainingforthe
	Dechang2850rewinder,OJTtrainingforTTpaper
	machine,OJTtrainingforX7rewinder,OJTtraining
SichuanC&S	for2700/3600slittingmachine,OJTtrainingforBF 12Tpapermachine,OJTtrainingforKorber3600 rewinder,OJTtrainingforBF12Tpapermachine, OJTtrainingfornine-rowmachines,OJTtrainingfor	Chief,assistantworker,steelgrinding operator,pulpgrindingoperator,pulping operator,operator,andpacker	308
SichuanC&S	theDechang3600rewinder,3600OKmachine/ 2860OJTtraining,1800OJTtraining,OJTtrainingfor TK10squaretissue,andOJTtrainingforfacialtissue Trainingonwork-relatedinjurycases,fresafety drillsandfrst-aidtraining TrainingonPPTbasicproductionskills,efciency improvementandcasesharing,team	Allemployees	1256
SichuanC&S	managementskills,generalmanagementtools, includingPDCA,timemanagement,basic	TraineesofStarterandExplorerProgram	39
	productionskillsofPPT,andworkshopteam
	management
	Traininginmanagementofworkshop,pestcontrol,
SichuanC&S	creatingcharmingtrainers,curriculumdesignand	Squadleaderandabove	223
	development
	Specialequipmenttraining,operationtrainingfor
SichuanC&S	safetyofmaintenanceworkersandelectricians, cranesafetyoperation,abnormaltreatmentof electriccabinetsandtransformers,and	Maintenanceworkers,electricians,boilers, liftingequipmentandpressurevessels	280
	equipmentmaintenance
	OJTtrainingforBF10papermachine,OJTtraining
SichuanC&S	forQuanli2800/3600OKmachine,OJTtrainingfor	Operator,chiefandpacker	294
	nine-rowmachinesandqualitystandardtraining
SichuanC&S SichuanC&S SichuanC&S SichuanC&S	Trainingintissuequalitystandards Traininginpapermaking/slittingqualitystandards TrainingintheISOquality-managementsystem Trainingin5Svisual-basedmanagement	Tissueemployees Papermakingandslittingemployees HRofcer Squadleaderandmanagerofworkshop	209 96 10 23
SichuanC&S	TrainingintheM&EDepartment'squalitysystem	EmployeesoftheM&EDepartment	41
SichuanC&S	Emergencytrainingfordrowningaccidents;OJT trainingforboilerandwatertreatment	Water-treatmentworkersandboileroperator	24
SichuanC&S	OJTtrainingfortheTTpapermachine	Steelgrindingoperatorandpulpingoperator	12
SichuanC&S	Safetymanagementsystem,environmental management/ISO45001systems	DepartmentHead	48
SichuanC&S	New-employeeorientation	Newrecruits	32
SichuanC&S	Occupationalhealth	Employeeinvolvedintheoccupational diseasehazards	580

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Area	TrainingContents	Participant	Numberof Participants
SichuanC&S	Fire-safetytraining	Relevantpersonnel	56
SichuanC&S	Practicaloperationoftestinginstruments	QCspecialist	20
SichuanC&S	Safetytrainingonelectricityusedformaintenance intheproductionworkshop	Electrician,repairmanandmaintenance squadleader	31
SichuanC&S	TargetandassessmentofQCDepartmentin2021	EmployeesofQCDepartment	25
SichuanC&S	Trainingonwork-relatedinjurycases;	Allproductionemployees	531
SichuanC&S	Trainingonqualitystandardofrewinding	Rewindingemployees	127
TangshanBranch	Trainingonautonomyoperationprocessofoption	Employeesinvolvedinoption	163
TangshanBranch TangshanBranch TangshanBranch TangshanBranch	Newemployeeorientation Trainingonsafetyofvehicleoperation eam-building,fresafety,warehousingand logisticsworkfow Capacityplanning	Newrecruits Employeesofsubsequentprocess Employeesofwarehouseandlogistics Relevantdepartmentsinvolved	6 60 64 10
TangshanBranch	Trainingonprocessinspectionskills,PDCAcycle, feedingknowledgepointsin2020,physical propertydetectionandinstrumentoperation	AllemployeesofQCDepartment,supervisor andsquadleaderofworkshop	59
	Repositioningofthemanagers,taskandtime
	management,systematicthinkinganddecision-
TangshanBranch	making,targetmanagement,publicspeechand expression,authorization-releasingofteam	TraineesofStarterandMembersof TalentEchelon	47
	energy,sceneincentive-inspiringemployees,and
	managers'rolepositioning
TangshanBranch	Trainingintheoperationskillsoftissue	Operatorsandpackerintissuesection	50
TangshanBranch TangshanBranch TangshanBranch TangshanBranch TangshanBranch	Trainingoncustomercomplaintanalysisand processinspectionofQCDepartment Qualitymanagementtraining,pre-holidaysafety training,qualitymanagementtraining, identifcationtrainingofriskfactor,learning trainingofproceduraldocumentandthird-order system,JDBaitiaotraining,andtrainingforfve disciplinesofsquadleader Safetytrainingforhigh-riskoperation Trainingontheoryandapplicationoflubricating oil,safetyofoperationinconfnedspaces,and howtodowellinequipmentmanagement Trainingonpapermakingoperationskills,former processcostknowledge,operationintheconfned spaces,pulpgrindingprincipleandselectionof	Someemployeesoftissuesectionin No.2Workshop Employeesofmanufacturingworkshop EmployeesofM&EDepartment Employeesofformerprocess,maintenance workerandelectrician Allemployeesofpapermaking	5 2020 25 46 93
	grindingsegment
TangshanBranch	TrainingonOKtissueoperationskillsand3600OK OJTtraining	3600OKoperatorandpacker	54
TangshanBranch	Production-safetytraining	AllemployeesofProductionDepartment	240
TangshanBranch	Trainingcourseforbasicknowledgeof internalauditors	Internalauditoroffactory	38

Chapter
III

People-Oriented
Principle
and
Employee
Value
Achievement

Area	TrainingContents	Participant	Numberof Participants
	Qualitymanagementtraining,occupationalhealth
	training,trainingoncontrolofforeignmattersin
TangshanBranch	theproductionworkshop,third-ordersystem	Front-lineworkshopemployees	1727
	training,workshopcleanerproduction,inspection
	formulatrainingandpestcontrolmanagement
TangshanBranch	Operationtrainingofboilerwatertreatmentpost	Boilerwatertreatmentemployees	9
TangshanBranch	Internaltrainingforcashierpost	EmployeesofFinanceDepartment	6
TangshanBranch	Fire-safetytraining	Employeerepresentative	39
	Maskmachineoperationtraining,maskquality
	training,on-sitesafetytraining,skillsandpractical
YunfuC&S	training,trainingonsalaryunitpriceand	Employeesofmaskworkshop	1304
	calculationmethod,maskquality,andsafetyinthe
YunfuC&S	work-relatedinjurycases Execution,analysistrainingofpotentialsafety hazards,regulationsonassessmentof qualifcationrate,trainingonexecutionofsquad teamleader,costcontrol,multi-panelprinciple training,on-sitevisual-basedmanagement,fre protectiontraining,emergencydrillsinthe confnedspace,communicationskills, occupationalhealthandhygiene,equipment	Squadleader,chief,operatorandpacker	1079
	training,humanfactorsengineering,caseanalysis
	ofwork-relatedaccidents,lawsandregulations
	training,QCCprocesstraining,andmanagement
	training
YunfuC&S	5Strainingandqualitytraining	EmployeesofNo.1non-reelingworkshop	177
	Job-skilltraining,qualitystandardtraining,
YunfuC&S	examinationofinspectionstandardforfacial tissue,customercomplaintanalysis,andcost	Allemployeesoffacialtissue	162
	management
YunfuC&S	Rescueatthesceneofthedrowning	Employeesofenvironmentalprotection workshop	6
YunfuC&S	Vehicleoperationtraining	Vehicleoperationemployees	154
YunfuC&S YunfuC&S	Trainingonsafeusageofchemicalsand pulpingpost Production-safetytraining,qualitytraining, processinspectiontraining,qualitypracticeof chiefpost,skillstoimproveproductionefciency, 5Sworkshopmanagement,vehicleoperation training,workshopsafetyproduction,andkey	Beaterman,chiefandbrokenpaperoperator Chief,squadleader,feltoperator,operator, singlepacker,packer,assistantworker, rewindingandfoldingworker	55 585
	pointsoffoldingcommissioning
	Posttechnicalknowledgetheory+post-practical	Rewinding,largeswing,rollcore,single
YunfuC&S	training,trainingintheoperationofrollpaper	packing,bundle-packingmachineand	105
	tissuerewinderandfoldingmachine	largepackingoperators
YunfuC&S	Trainingonsummaryofsafetyoperationanddaily problemsinforkliftoperation	ZhuoerLogisticsandTianheLogistics	25
YunfuC&S	Calibrationofinspectioninstruments	QCspecialist	22
YunfuC&S	Firedrill	Allfactoryemployees	913
YunfuC&S	Skilltraining	Operatorsofbundle-packingmachineand singlepackingmachine,andpacker	27

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Area	TrainingContents	Participant	Numberof Participants
YunfuC&S YunfuC&S YunfuC&S YunfuC&S	Safety-systemtraining Equipmentrepairtechnology Specifcationformaterialplacementinworkshop Equipmentmaintenancetraining	Supervisorandsquadleader Equipmentadministrator Groundhandling Equipmentadministrator	62 9 7 27
YunfuC&S	OverviewofISO9001system,trainingandpractical operationforFSC-COCsystem	Internalauditor	44
YunfuC&S	Skilltrainingfortissue-foldingmachine	Foldingoperator	14
	Lecture1:DevelopingExcellentDepartment
	Leaders:Leadership;Lecture2ofOutstanding
	DepartmentLeaders:Team-Building;Lecture3of
	OutstandingDepartmentLeaders:Executive
	Capacity;Lecture4ofOutstandingDepartment
	Leaders:ObjectiveManagement;Lecture5of
	OutstandingDepartmentLeaders:Cohesion;
	Lecture6ofOutstandingDepartmentLeaders:
	StressandEmotionManagement;Lecture7of
ZhejiangC&S	OutstandingDepartmentLeaders:Human ResourceManagementofNonhumanResources; Lecture8ofOutstandingDepartmentLeaders:	Departmentheads,squadleaderand supervisor	465
	SkillsDevelopmentofOutstandingDepartment
	Heads;Lecture9ofOutstandingDepartment
ZhejiangC&S ZhejiangC&S ZhejiangC&S	Leaders:On-SiteManagementandImprovement; Lecture10ofOutstandingDepartmentLeaders: ProcessManagement;Lecture11ofOutstanding DepartmentLeaders:UnderstandingWasteand eEfciency;andLecture12ofOutstanding aDpartmentLeaders:HowtoBecomea CompetentProductionSupervisor) Practicaltrainingonnewemployeesfor fre-fghtingequipment Sevenmajorwastes,hazardidentifcation/ particularizationofwork-relatedinjurycases Safetyoperationprocedures,howtocontrol processchanges,instrumentoperationtraining, trainingonidentifcationofhazardsourcelocation intheworkshop/particularizationofwork-related injurycases,safetytraininganddrillsforoperation intheconfnedspace CPRfrst-aidtraining,Chief,KeepRunning,training forandworkresumption,standardizedclean	Newrecruits Chief,operatorandallemployeesof subsequentprocess Allemployeesofformerprocess	17 443 120
	productionandmanagementofon-siteforeign
	matters,equipmentmanagement,sevenmajor
	practicesforQC,trainingonnon-conformance
	controlprocedures,TPMspecialtraining,14	ProductionDepartment,M&EDepartment,
ZhejiangC&S	safety-managementsystems,accidentcase training,advancedon-sitemanagementofChief, KeepRunning,rulesforworksafety,chief developmenttraining,5SmanagementofChief, KeepRunning,qualifcationtrainingforhazardous chemicalspractitioners,occupationalhealthand	QCDepartment,MaterialsandEquipment Department	1408
	safetyeducation

Chapter
III

People-Oriented
Principle
and
Employee
Value
Achievement

Area ZhejiangC&S ZhejiangC&S	TrainingContents Trainingonsupplier'sbearinglubrication,safety trainingofM&EDepartmentforpinchaccidentsof conveyorbelt,high-voltageelectriciancertifcate/ weldingcertifcate,high-voltageelectrician certifcate/weldingcertifcate/low-voltage electriciancertifcate,andsafeusageofelectric tools Objectivesmanagement,commonpaperdefects andprocessingmethods,OJT2.0(improvementof abnormalityhandlingabilityandconversion efciency),5Straining,useandmaintenanceoffelt Trainingonqualitycomplaintofcustomer,safety	Participant EmployeesofM&EDepartment Chief,squadleaderandassistantworker	Numberof Participants 78 88
ZhejiangC&S	educationandtrainingfortrainoperators,safety educationandtrainingforvehicleoperators, occupationalhealthandsafetyeducationand	Allmembersofformer/ subsequentprocessesandQCDepartment	459
	training,andtrainingonsystemrequirements
	Mechanicaldrawing,equipmentmanagement-
ZhejiangC&S	evaporating,emitting,drippingandleaking	Maintenanceworker,electrician	60
	phenomenon
ZhejiangC&S ZhejiangC&S ZhejiangC&S	Pestcontrolmanagement OJT2.0(abnormalityhandlingabilityand conversionefciencyimprovement) Optionexercisetraining	Employeesabovethelevelofsquadleader Operator/chief Incentivesforemployeesin variousdepartments	8 120 80
ZhejiangC&S ZhejiangC&S	TWIworkguidanceandexcellentleadership Certifcateofsafetymanagementpersonnel andsafetyresponsiblepersonnel	Squadleaderandsupervisorof productionstockpile SafetyandEnvironmentalProtection Department,andGeneralManagerOfce	7 6
	Managementproceduresforprocurementof
ZhejiangC&S	specialproductsandtreatmentofabnormal	AllmembersofQCDepartment	32
ZhejiangC&S ZhejiangC&S ZhejiangC&S ZhejiangC&S ZhejiangC&S	qualityofproductionequipment TrainingonimprovementofMTPcoremanagement capability,innovation6Ssitemanagementand productionefciencyimprovementIE Electrictraction 5Smanagement,singlepackingmachine productionswitchskillsassessment Safety(fresafety)management Forkliftoperationandhandlingpersonnel safetytraining	Stockpilesupervisorandsquadleader Electrician TissueChief,allstaf Huihuanglaboroutsourcingpersonnel Forklifthandlingoutsourcingpersonnel	8 10 68 20 20
ZhejiangC&S	Projectin-depthreplay	Projectteammembers	18
Area Northeastregion	TrainingContents 2021springwarehousing	Participant DealersinNortheastregion+Heilongjiang ProvincialOfceinNortheastChina	Numberof training sessions 1

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Area Northeastregion Southwestregion	TrainingContents 2021springwarehousing TrainingofReserveDirectors	Participant DealersinNortheastregion+Liaoningand JilinProvincialOfceinNortheastChina ReserveDirector	Numberof training sessions 1 1	Numberof training sessions 1 1
Southwestregion	Trainingofdealers	Dealers	1
Northwestregion	"Chang'anMilitaryAcademy"OrientationTraining	Newrecruits	3
Northwestregion	Logisticstraining	Logisticsemployees	1
Theoryonfuturebusinessoperationofdealers NorthChinaregion OrientationTraining EastChinaregion H1summary&H2performancekick-ofmeeting SouthChinaregion Q4newemployeetrainingcamp SouthChinaregion StudyandexchangeonsamplemarketofHeshan, JiangmenofGuangzhouBranch,Guangzhouand ShenzhenOfce SouthChinaregion SwiftHorseClassCadresTrainingCamp CentralChinaregion		Majorclientsandmarketingteams, externaltrainersintheNorthChinaregion Newrecruits BusinesselitesintheSouthChinaregion NewemployeesofSouthChinaregion SouthChinaregion-GuangzhouandShenzhen ProvincialOfce-GuangzhouBusinessTeam Abovebusinessdirectors	1 2 1 1 1 8
Yunnan-Guizhou- Sichuanregion	OrientationTraining	Newemployeesinrecentthreemonths	4

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36

Chapter
IV

Ensuring
openness
and
transparency
to
protect investors'
rights
and
interests

of
investors,
enhance
the
openness
and
transparency
and
facilitate
the
development
of
the company,
hear
the
suggestions
of
investors
and
enable
investors'
supervision
of
the
company.

The
company's
favorable
development

The
company
has
introduced
outstanding
talents
from
R&D,
production,
sales,
quality team
in
the
industry.
The
establishment
of
the
new
management
team
has
led
to
the

comprehensive
reform
of
various
aspects
of
the
company
including
the
management
structure, marketing
channel
and
incentive
mechanism,
and
further
improved
operation
of
the
company. strength,
product
strength
and
brand
strength.
Operating
income
increased
from
RMB
2.522 RMB
67
million
to
RMB
906
million.
The
company
has
led
its
industry
with
double-digit
growth
billion
in
2014
to
RMB
7.824
billion
and
net
profit
attributable
to
listed
company
increased
from

Prioritizing
dividends
and
repaying
investors

Just
as
C&S
ensures
opportunities
for
the
growth
and
development
of
its
personnel,
the company
creates
value
for
shareholders.
It
attaches
great
importance
to
returns
for shareholders,
and
it
persistently
shares
growth
and
income
with
investors.
The
company
has consequently
it
prioritized
a
reasonable
return
on
investment
while
giving
consideration
to
the
maintained
a
consistent
profit-distribution
policy
since
it
was
listed
on
the
stock
exchange,
and company's
sustainable
development.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Yearofproft distribution	Cashdividend Amount(RMB) Distributionplan ProftDistributionSincetheCompany'sListing	Cashdividend Amount(RMB) Distributionplan ProftDistributionSincetheCompany'sListing	Ratioofnetproft attributabletothe listedcompanyin theconsolidated
			statement(%)
	PayingcashdividendofRMB1.00(taxincluded)forevery10
	sharestoallshareholders(excludingrepurchasedshares)
	Thecompanyimplementedsharerepurchasingplanin2020.
	AsofMay21,2020,thecompanycompletedthesharerepur
2020	-chasewithatotalamountofRMB27,680,721.76forsuch	157,787,599.56	17.42
	shares.AccordingtoArticle7oftheImplementationRules
	onRepurchasingSharesforListedCompaniesofShenzhen
	StockExchange,thesumforsharerepurchaseofthecom
	-panyisdeemedascashdividend.
2019	PayingcashdividendofRMB0.75(taxincluded)forevery10 sharestoallshareholders(excludingrepurchasedshares)	98,024,652.98	16.23
	PayingcashdividendofRMB0.23(taxincluded)forevery10
	sharestoallshareholders(excludingrepurchasedshares)
	Thecompanyimplementedsharerepurchasingplanin2018.
2018	AsofDecember4,2018,thecompanycompletedtheshare	124,358,696.49	30.56
	repurchasewithatotalamountofRMB94,581,547.35forsuch
	shares.AccordingtoArticle7oftheImplementationRuleson
	RepurchasingSharesforListedCompaniesofShenzhenStock
	Exchange,thesumforsharerepurchaseofthecompanyis
	deemedascashdividend.
	PayingcashdividendofRMB1.00(taxincluded)forevery10
2017 2016	sharestoallshareholdersandgrantingsevensharesfor every10sharestoallshareholdersbycapitalreserve PayingcashdividendofRMB1.00(taxincluded)forevery10 sharestoallshareholdersandgrantingfvesharesforevery 10sharestoallshareholdersbycapitalreserve	75,746,454.00 50,525,800.00	21.70 19.40
2015	PayingcashdividendofRMB0.5(taxincluded)forevery10 sharestoallshareholders	25,183,850.00	28.55
	PayingcashdividendofRMB0.1(taxincluded)forevery10
2014	sharestoallshareholdersandgrantingtwosharesforevery	4,056,000.00	6.01
	10sharestoallshareholdersbycapitalreserve
2013 2012	Grantingthreesharesforevery10sharesto allshareholdersbycapitalreserve. PayingcashdividendofRMB1.5(taxincluded)forevery10 sharestoallshareholdersandgrantingfvesharesforevery 10sharestoallshareholdersbycapitalreserve	– 31,200,000.00	– 19.63
	PayingcashofRMB2(taxincluded)forevery10sharestoall
2011	shareholdersandgrantingthreesharesforevery10shares	32,000,000.00	39.73
	bycapitalreserve

Chapter
IV

Ensuring
openness
and
transparency
to
protect
investors'
rights
and
interests

Enhancing
the
investor
relationship
and
providing
a
stable
return

Great
performance
is
observed
in
secondary
market
throughout the
year,
providing
a
positive
return
for
investors

(1) 
It
records
growth
of
65.42%
in
2020.
The
highest
growth
is
108%.
Papermaking
industry records
growth
of
22.10%.

(2) 
On
August
11,
2020,
share
price
of
the
company
reached
a
record
high
at
RMB
27.15
per share,
resulting
in
market
value
of
more
than
RMB
35
billion.

The
company's
shareholder
structure
is
continuously
improved in
order
to
maintain
the
stability
of
high-quality
assets
at
home and
abroad

(1) 
As
of
December
31,
the
company
had
2,153
holding
institutional
shareholders,
an
increase shareholders.

(2) 
In
2020,
foreign
investors
maintained
stable
holding
of
the
company's
shares
via
Shenzhen Connect,
resulting
in
stable,
high-quality
overseas
assets.

C&S
Paper

[002511.SZ]-Number
of
shares in
Shanghai/Shenzhen-Hong
Kong
Stock
Connect

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----- Start of picture text -----

25 Proportion
(%)
 Closing
price
(yuan) 30
20
25
15
20
10
15
5
0 10
2020-01-01 2020-03-01 2020-05-01 2020-07-01 2020-09-01 2020-11-01 2021-01-01
Proportion
in
free
circulating
capital
(%)
 Proportion
in
circulating
A
shares
(%)
(calculated)
 Closing
price
----- End of picture text -----

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

In
2020,
COVID-19
spread
across
the
globe,
resulting
in virtue
of
"cloud"
methods
such
as
WeChat,
phone
call,
email
and video
conference,
the
Office
of
the
Board
of
Directors
continued were
made
to
organize
onsite
investigations
as
well
as
online to
enhance
maintenance
of
relationship
with
investors.
Efforts and
offline
strategic
meetings
of
core
broker
organizations,
and onsite
investigations
in
Tibet,
among
others.
And
the
company to
organize
and
accompany
significant
shareholders
to
conduct participated
in
a
variety
of
investigation
activities
such
as
online performance-illustration
meetings
and
conference
calls.

Table
of
Activities
Involving
Investor
Relations
in
2017
-
2020

	2017	2018	2019	2020
Reverseroadshows
(sessions)	92	202	135	98
In-depth reports(nos.)	11	15	20(including6in-depth surveysinEnglish)	6(including1GoldmanSachs in-depthsurveyinEnglish)
Researchreports (nos.)	62	129	235	289
Strategicmeetings (sessions)	12	15	10	12
Investorsurveys (sessions)	3	12	13	7

In
order
to
enhance
investors'
understanding
of
production,
sales,
products
of
the
company, the
company
built
the
Life
Hall
in
2020.
The
Life
Hall
features
three
core
themes
including humanity,
nature
and
future,
boasting
perfect
integration
with
life.
Detailed
information
on history,
production
technological
process,
application
scenarios,
products
and
operations
of the
company
is
provided,
enabling
investors
to
get
a
glimpse
of
operations
of
the
company with
the
best
sensory
experience.

Chapter
IV

Ensuring
openness
and
transparency
to
protect
investors'
rights
and
interests

Reception
area

==> picture [142 x 79] intentionally omitted <==

Here
you
can
embark
on
the
journey
of exploration
to
understand
the
life philosophy
of
C&S
and
facilitate
the harmonious
coexistence
of
human
and nature.

We
care

Since
the
company's
establishment
in
1978, we
have
been
devoted
to
meeting
every
demand for
tissue
paper
during
the
past
four
decades. Beginning
with
an
understanding
of
C&S,
we
care
about
commitment. Products
rely
on
brands,
and
enterprises
rely
on
brands. This
is
even
more
true
for
people.

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==> picture [142 x 84] intentionally omitted <==

==> picture [142 x 84] intentionally omitted <==

We
care
about
your
life

With
easy
access,
we
strive
to satisfy
every
demand
when
you're
at
home; In
every
scenario,
we
strive
to meet
every
demand
in
your
daily
life.

We
care
about
your
environment

Our
attitude
toward
every
product
originates
from the
good
intention
for
the
harmonious
coexistence of
human
and
environment. Here
you
will
find
that
we
take
the
utmost
care
in
every
process
from
selection
of
raw
materials
to
product
use
by
consumers.

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==> picture [148 x 97] intentionally omitted <==

We
care
about
your
experience

From
product
quality
to
other
aspects
beyond
that, more
human-based
services
and
more
considerate
experience, with
a
view
to
making
your
life
even
better
by
virtue

==> picture [148 x 97] intentionally omitted <==

==> picture [148 x 98] intentionally omitted <==

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Since
the
operation
of
the
Life
Hall
in
July
(and
as
of
December
31,
2020),
C&S
Life
Hall
has given
151
tours
with
more
than
3,000
visitors,
including
investors,
enterprises,
schools
and for
Continuing
Education.

==> picture [156 x 104] intentionally omitted <==

==> picture [156 x 104] intentionally omitted <==

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==> picture [156 x 103] intentionally omitted <==

Shenzhen
Stock
Exchange
"Hudongyi"
investor
hotline

Hudongyi
platform
answered
questions
raised
by
129
investors
and
answered
more
than
400 calls
by
investors.

Organizing
online
meetings
and
conference
calls
to
timely
inform
general
investors
of operations
of
the
company

The
company
organized
2019
annual
report
online
performance-illustration
meeting;

company
operation
conference
call
during
COVID-19
epidemic;
performance
conference
calls the
company
in
the
reporting
period
so
as
to
answer
questions
raised
by
investors.

Date	Contentsofmeeting	Meetingmode	Numberof institutions
February17	Conferencecallregardingoperationsofthecompanyduring COVID-19epidemic	Phonecall	88
March23	Conferencecallregardingworkandproductionresumption afterCOVID-19epidemic	Phonecall	48
May8	Conferencecallregarding2019annualreportand 2020Q1report	Phonecall	102
May8	2019annualreportonlineperformance-illustrationmeeting	Internet	30questions wereraised

Chapter
V

the
duty
toward
social
welfare

Adhering
to
a
philosophy
of
green,
low-carbon
development,
C&S
strives
to
integrate environmental
protection
and
company
development.

Enterprise
development
is
based
on
society,
so
giving
back
to
society
is
a
responsibility
of
the company.
The
company
attaches
great
importance
to
the
demonstration
of
social
value
and takes
it
a
commitment
for
social
responsibility
to
create
wealth
for
society,
with
a
view
to

Strict
supervision,
minimum
allowable
emission, transparency
and
fairness

Under
increasingly
higher
pressure
related
to
environmental
protection,
the
company continues
to
improve
pollution
management
facilities
in
production
process
and
improve environmental
quality.
All
production
bases
of
the
company
continue
to
increase
capital
and technological
inputs
and
prevent
environmental
pollution,
thereby
achieving
minimum allowable
emission,
reduced
emission
and
green
production.

Information
on
major
emissions

transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.	transparencyandfairness Underincreasinglyhigherpressurerelatedtoenvironmentalprotection,thecompany continuestoimprovepollutionmanagementfacilitiesinproductionprocessandimprove environmentalquality.Allproductionbasesofthecompanycontinuetoincreasecapitaland technologicalinputsandpreventenvironmentalpollution,therebyachievingminimum allowableemission,reducedemissionandgreenproduction. Informationonmajoremissions 1.
Company name	Namesof majorpollutants andspecifc pollutants		Emissionmethod	Number of discharge outlets	Distributionof dischargeoutlets	Emission concentration	In-place pollutant emission standards	Total emission	Approved total emission	Excess emission
Company name	Waste water	COD	Post-treatment dischargeto	1	Centralizedtreatment	148mg/L	200mg/L	294.058t	335.600t/a	N/A
		Ammon -iacal nitrogen	sewage-treatment plant		facilitiesintheplant	5.8mg/L	8mg/L	11.52t	13.4t/a	N/A
C&S (Sichuan) Paper Co.,Ltd.	Waste water	COD	Dischargetowater- purifcationstationvia	1	Dischargeofproduction water(DW001)to generaloutletDW002	33mg/L	80mg/L	27.4413t	96 t/a	N/A
		Ammon -iacal nitrogen	urbansewerlineafter treatment		viachannel(to convergewithdomestic wastewater)	0.496mg/L	8mg/L	0.4125t	9.6t/a	N/A
	Exhaust gas	PM			3chimneys(renovation oflownitroenboiler	No.1boiler5.2mg/m³ No.2boiler3.6mg/m³ No.3boiler4.6mg/m³	20mg/Nm³	0.6781t	/	N/A
		Nitrogen oxides	Dischargefromfue	3	g wascompletedinJune 2020;2boilersare ftldhil1	No.1boiler26mg/m³ No.2boiler81mg/m³ No.3boiler27mg/m³	150mg/Nm³	9.5484t	31.35t/a	N/A
		Sulfur dioxide			requenyusewe isstandby)	0	50mg/Nm³	0	/	N/A
Zhejiang Zhongshun PaperCo.,Ltd.	Waste water	COD	Post-treatmentdischarge toJiaxingJointSewage d	1	Centralizedtreatment	40.1mg/L	500mg/L	8.55t	13.97t/a	N/A
		Ammon -iacal nitrogen	TreatmentCo.,Lt. viamunicipalpipe network		facilitiesintheplant	0.965mg/L	35mg/L	0.2t	9.78t/a	N/A

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511	C&SEnvironmental, Social and Governance (ESG) Report stockcode:002511
Company name	Namesof majorpollutants andspecifc pollutants		Emissionmethod	Number of discharge outlets	Distributionof dischargeoutlets	Emission concentration	In-place pollutant emission standards	Total emission	Approved total emission	Excess emission
C&S(Hubei) Paper Co.,Ltd.	Waste water	COD	Post-treatment dischargetoBiquan sewae-treatment	1	DischargedtoBiquan SewagePlantafter -ttti	70.579mg/L	400mg/L	77.974t	152.25t/a	N/A
		Ammon -iacal nitrogen	g plantviamunicipal pipenetwork		prereamenn centralizedtreatment facilitiesintheplan	3.880mg/L	30mg/L	4.286t	15.25t/a	N/A
	Exhaust gas	PM	Desulfurizationbased			9.0mg/Nm³	30mg/Nm³	9.998t	28.63t/a	N/A
		Sulfur dioxide	onBDClimestone- gypsumtechnology andSNCR-based	1	1chimney	18.5mg/Nm³	200mg/Nm³	29.171t	203.87t/a	N/A
		Nitrogen oxides	de-nitration			58.0mg/Nm³	200mg/Nm³	81.501t	239.85t/a	N/A
C&S(Yunfu) Paper Co.,Ltd.	Waste water	COD	iii	1	Sewage-treatment	23.99mg/L	80mg/L	44.81t	197.1t/a	N/A
		Ammon -iacal nitrogen	Contnuousemsson		plantinthefactory	1.66mg/L	8mg/L	3.18t	19.76t/a	N/A
C&SPaper Co.,Ltd. Tangshan Branch	Waste water	COD	DischargetoLvyuan sewage-treatment lantaftertreatment	1	Park-basedgeneral tlt(L-	24.96mg/L	50mg/L	5.74t	16.5t/a	N/A
		Ammon -iacal nitrogen	p atsewage-treatment stationinthefactory		ouevyuansewage treatmentplant)	0.464mg/L	5mg/L	0.103t	1.65t/a	N/A
	Exhaust gas	PM				2.12mg/m³	5mg/Nm³	0.22t	2.46t/a	N/A
		Nitrogen oxides	Dischargefrom chimney	1	1chimney	17.50mg/m³	30mg/Nm³	1.837t	18.46t/a	N/A
		Sulfur dioxide				3mg/m³	10mg/Nm³	0.3128t	6.15t/a	N/A

Construction
and
operation
of
facilities
for pollution
control
and
prevention

Observance
of
compliance
obligation

The
company
and
its
subsidiaries
strictly
comply
with
environmental
protection-related
laws and
regulations
of
national
and
local
governments,
the
construction
of
all
new
projects
strictly adheres
to
environmental
impact
assessment
system,
three
"simultaneous"
principles
and production
activities
strictly
observe
the
Environmental
Protection
Law
of
the
People's
Republic of
China,
Water
Pollution
Prevention
and
Control
Law
of
the
People's
Republic
of
China,
Air Pollution
Prevention
and
Control
Law
of
the
People's
Republic
of
China,
Law
of
the
People's Republic
of
China
on
the
Prevention
and
Control
of
Environmental
Pollution
by
Solid
Waste,
and Action
Plan
for
Prevention
and
Control
of
Water
Pollution,
with
a
view
to
ensuring
that
the treatment
and
emission
of
various
pollutants
complies
with
requirements
of
laws
and regulations.

Establishment
and
operation
of
water
treatment
equipment
and
facilities

all
subsidiaries
are
equipped
with
a
complete
set
of
environmental
protection
treatment equipment
and
facilities.
Major
technologies
for
sewage
treatment
include
anaerobic, aerobiotic,
subsequent
deep
processing
technologies,
which
can
make
emission
of
sewage comply
with
various
indicators.
Additionally,
all
subsidiaries
are
equipped
with
water-recycling system
so
as
to
recycle
water
that
complies
with
usage
standards
in
production
process
and reduce
emission
of
sewage
as
possible.
Sewage
of
Jiangmen,
Zhejiang,
Hubei
and
Tangshan Companies
will
be
treated
in
a
centralized
manner
by
the
company
and
then
discharged
to local
sewage-treatment
plants
before
emission.
Following
centralized
treatment
at
the via
urban
sewage
pipe.
After
treatment
at
the
sewage-treatment
plant
of
the
company,
sewage
company,
sewage
of
Sichuan
Company
will
be
discharged
to
a
local
water-purification
station of
Yunfu
Company
will
be
discharged
in
an
organized
manner.

Online
monitoring
and
operation
of
water
treatment
facilities

Yunfu,
Sichuan,
Zhejiang
and
Hubei
subsidiaries
have
installed
sewage
online
monitoring facilities,
which
are
under
direct
supervision
by
local
environmental
protection
bureaus. Following
centralized
treatment
at
the
company,
Tangshan
Company
will
discharge
sewage
to local
papermaking
base
sewage
plant
and
no
other
outlet
is
available.
Monitoring
facilities
are installed
in
the
company
as
internal
control
reference.
Following
centralized
treatment
at
the company,
Jiangmen
Company
will
discharge
sewage
to
local
papermaking
base
sewage
plant and
on
other
outlet
is
available.
Online
monitoring
facilities
are
not
installed.
The Environmental
Protection
Bureau
performs
the
comparison
of
online
monitoring
data
on
a quarterly
basis
in
the
company
and
the
data
comparison
complies
with
relevant
requirements.

Boiler
exhaust-gas
emission

The
Sichuan
and
Tangshan
branches
are
equipped
with
natural
gas
boilers
and
Hubei
Branch
is equipped
with
fuel
coal
boilers.
Exhaust
gas
is
discharged
in
a
centralized
manner
after standard
desulfurization
and
de-nitration.
Emission
of
boiler
exhaust
gas
complies
with
the GB13271-2014
Boiler
Air
Pollutant
Emission
Standards.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Construction
project
environmental
impact
assessment
and other
environmental
protection
administrative
licenses

Administrative
license

Construction
projects

In
line
with
the
Management
Measures
for Emission
License
of
the
Ministry
of Environmental
Protection,
applications
are submitted
to
the
Ministry
of
Environmental Protection.
All
subsidiaries
completed handling
of
new
emission
license
in
2017 and
completed
renewal
and
change
of emission
license
in
May
2020.

==> picture [277 x 76] intentionally omitted <==

The
company
always
implements
control
of construction
projects
strictly
in
line
with environmental
protection-related
laws
and regulations.
All
construction
projects
are subject
to
environmental
impact
assessment. During
the
construction
process,
the company
organizes
the
construction
of environmentally
friendly
projects
in
line with
construction
schedule,
ensuring
the synchronous
design,
construction
and operation
of
environmental
protection facilities
and
subject
projects.
Currently,
all construction
projects
put
into
production have
completed
environmental
impact assessment,
and
reception
and
approval.

Environmental-event
emergency
response
plan

On
the
basis
of
strictly
implementing
environmental
event
emergency
response
provisions,
the company
engages
professional
consulting
and
instructing
institution
in
line
with
technical Pollution
Accidents
Emergency
Response
Plan
and
prepares
the
Environmental
Event Emergency
Response
Plan,
which
is
reviewed
and
registered
by
the
Environmental
Protection Bureau.

Emergency-response
materials
and
training
drill

Emergency-response
materials
and
training
drill:
The
company
matches
corresponding emergency-response
materials
according
to
requirements
in
the
Environmental
Event Emergency
Response
Plan.
With
regard
to
hazardous
chemicals,
emergency-response measures
are
made
according
to
environmental
protection
requirements
and
necessary
labor -protection
appliances
and
emergency
materials
are
provided
according
to
the
safety technology
manuals,
which
are
subject
to
regular
inspection
and
renewal.
The
company
carries out
emergency
training,
emergency
drill
and
emergency
plan
suitability
assessment
on
a

Environmental
self-monitoring
plan

Self-monitoring
ledger

The
company
conducts
self-monitoring
according
to
environmental
protection
requirements and
establishes
environmental
management
ledgers
and
books,
which
are
continuously improved
in
strict
accordance
with
laws
and
regulations.

Sewage
monitoring

Manual
monitoring
projects:
COD,
BOD,
ammoniacal
nitrogen,
SS,
chromium,
phosphorus, total
phosphorus,
total-nitrogen
daily
monitoring,
other
sewage-monitoring
projects,
nonorganized
exhaust-gas
emission,
solid
waste
and
factory
noise.
Monitoring
work
is
performed protection
requirements.
on
a
monthly
or
quarterly
basis
by
a
qualified
unit
according
to
the
local
environmental

Exhaust-gas
monitoring

Exhaust-gas
monitoring
is
generally
intended
to
test
for
nitrogen
oxides,
Ringelmann
scale, sulfur
dioxide,
dust
and
fumes,
with
testing
frequency
according
to
the
requirements
of regulations.

Pollutant-emission
self-monitoring
data
and
environmental
monitoring
plans
of
subsidiaries are
available
on
the
national
website
for
major
pollution-source
information
disclosure
and the
provincial
website
for
major
pollution-source
information
disclosure.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Other
environmental
information
to
be
disclosed

Emission-license
information
and
environmental
protection
information
related
to
emissionlicense
requirements
is
available
on
national
emission
license
management
information platform,
unless
otherwise
required
by
government
authorities
in
the
place
where
the subsidiaries
are
located,
in
which
case
such
information
is
available
on
the
platform
for environmental
information
reporting
prescribed
by
the
local
government
authority.

Other
environmental
protection-related
information
is
available
in
"news"
section
of
website of
the
company.

Reducing
production
costs
and
achieving
energy
conservation and
emission
reduction

Adhering
to
green,
low-carbon
development
philosophy,
the
company
strives
to
integrate environmental
protection
and
company
development.
During
production
process,
we
continue to
renovate
equipment
and
upgrade
technology,
thereby
recording
YoY
decrease
of
power consumption
per
ton
of
paper
and
steam
consumption
per
ton
of
paper.
On
the
basis
of production-cost
reduction,
we
strive
to
achieve
energy
conservation
and
emission
reduction
to the
greatest
possible
extent
so
as
to
ensure
win-win
results
with
respect
to
socioeconomic

List
of
YoY
Decreases
in
Equivalent
Standard
Coal-
and Steam-Based
Power
Consumption
per
Ton
of
Paper
in
2017
-
2020

Item	2017	2018	2019	2020
decreasesinEquivalentstandard
coal-basedpowerconsumption	6	4	7	9
pertonofpaper(kgce/t)
decreasesinEquivalentstandard
coal-basedsteamconsumption	20	11	20	16
pertonofpaper(kgce/t)

Trading
of
carbon-emissions
rights

18,
2013,
provinces
and
cities
such
as
Beijing,
Tianjin,
Shanghai,
Guangdong,
Hubei
and Chongqing
successively
launched
pilot
projects
of
carbon
emission
rights
trading.
Among
the seven
pilot
regions,
a
majority
of
provinces
and
cities
provide
quota
to
emission
control enterprises
free
of
charge,
so
carbon
quota
is
mainly
granted
by
virtue
of
administrative Hubei
grant
certain
paid
quota
to
emission
control
enterprises
by
virtue
of
auction.
allocation
in
the
primary
market
of
quota
trading.
Specifically,
Guangdong,
Shenzhen
and

As
of
December
31,
2020,
Guangdong
Jiangmen
Company
and
Yunfu
Company
had
carbon emission
quota.
Hubei
Company
made
budget
and
opened
an
account
in
2020,
and
it's expected
to
use
quota
and
accounting
since
2021.
Other
branches
are
not
yet
subject
to
carbon emission
quota
and
accounting
in
the
provinces
where
they
are
located.

Carbon
Trading
at
the
Jiangmen
and
Yunfu
Production
Bases

allocationintheprimarymarketofquotatrading.Specifcally,Guangdong,Shenzhenand Hubeigrantcertainpaidquotatoemissioncontrolenterprisesbyvirtueofauction. AsofDecember31,2020,GuangdongJiangmenCompanyandYunfuCompanyhadcarbon emissionquota.HubeiCompanymadebudgetandopenedanaccountin2020,andit's expectedtousequotaandaccountingsince2021.Otherbranchesarenotyetsubjecttocarbon emissionquotaandaccountingintheprovinceswheretheyarelocated. CarbonTradingattheJiangmenandYunfuProductionBases	allocationintheprimarymarketofquotatrading.Specifcally,Guangdong,Shenzhenand Hubeigrantcertainpaidquotatoemissioncontrolenterprisesbyvirtueofauction. AsofDecember31,2020,GuangdongJiangmenCompanyandYunfuCompanyhadcarbon emissionquota.HubeiCompanymadebudgetandopenedanaccountin2020,andit's expectedtousequotaandaccountingsince2021.Otherbranchesarenotyetsubjecttocarbon emissionquotaandaccountingintheprovinceswheretheyarelocated. CarbonTradingattheJiangmenandYunfuProductionBases	allocationintheprimarymarketofquotatrading.Specifcally,Guangdong,Shenzhenand Hubeigrantcertainpaidquotatoemissioncontrolenterprisesbyvirtueofauction. AsofDecember31,2020,GuangdongJiangmenCompanyandYunfuCompanyhadcarbon emissionquota.HubeiCompanymadebudgetandopenedanaccountin2020,andit's expectedtousequotaandaccountingsince2021.Otherbranchesarenotyetsubjecttocarbon emissionquotaandaccountingintheprovinceswheretheyarelocated. CarbonTradingattheJiangmenandYunfuProductionBases
Unit:10,000t
2019 2018 2017 2016 Item Company
ActualemissionofJiangmen 13.60 15.30 16.28 15.10 Jiangmen
CarbonemissionquotaofJiangmen 16.46 16.24 16.69 13.81 Jiangmen
ActualemissionofYunfu	Yunfu	20.43 14.86 12.13 /
CarbonemissionquotaofYunfu 23.11 14.68 12.02 / Yunfu

Note:
actual
carbon
emission
in
2020
will
be
released
after
accounting
by
review
institutions.
According
to
actual
energy management
and
control
in
production,
it's
expected
that
the
actual
carbon
emissions
of
Guangdong
Jiangmen
and
Yunfu Production
Bases
in
2020
will
be
lower
than
carbon
emission
quota
in
2020.

Jiangmen
Production
Base
recorded
actual
carbon
emission
higher
than
carbon
emission
quota in
2016.
By
continuous
energy
conservation,
emission
reduction
and
consumption
reduction measures,
it
managed
to
continuously
reduce
power,
steam
and
pulp
consumption
in production,
and
actual
carbon
emissions
in
2017,
2018
and
2019
are
lower
than
carbon emission
quotas.

Yunfu
Production
Base
recorded
actual
carbon
emission
higher
than
carbon
emission
quota
in 2017
and
2018.
By
continuous
energy
conservation,
emission
reduction
and
consumption reduction
measures,
it
managed
to
continuously
reduce
power,
steam
and
pulp
consumption in
production,
and
actual
carbon
emission
in
2019
is
lower
than
carbon
emission
quota.

The
company
will
continue
to
be
devoted
to
energy
conservation,
emission
reduction
and due
social
responsibility
for
environmental
protection.

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

Joining
the
battle
against
COVID-19

COVID-19
rapidly
spread
throughout
the
country
and
the
world
in
2020.
In
the
increasingly against
COVID-19
by
mobilizing
all
resources
to
control
the
spread
of
the
epidemic.
As
a company
with
social
responsibility,
C&S
cares
about
the
general
public.
It
donated
RMB
10.8 million
of
cash
and
sanitary
disinfecting
wipes
and
other
tissue
paper
worth
RMB
0.5
million
for the
pandemic
and
tiding
over
the
crisis.specific
use
against
COVID-19.
It
has
been
standing
with
medical
workers
in
the
battle
against

==> picture [117 x 83] intentionally omitted <==

==> picture [117 x 83] intentionally omitted <==

==> picture [117 x 83] intentionally omitted <==

==> picture [117 x 83] intentionally omitted <==

At
the
beginning
of
2021,
COVID-19
epidemic
showed
exacerbating
trend
in
Shijiazhuang, Hebei
Province.
On
February
2,
charity
supplies
donated
by
C&S
arrived
in
Shijiazhuang.
2245 containers
of
C&S
and
Doremi
supplies
with
a
total
value
of
over
RMB
1
million,
including
masks, sanitizers
and
women's
sanitary
shorts,
were
timely
handed
out
to
personnel
working
on
the front
line
against
the
epidemic,
benefiting
healthcare,
police,
community
neighborhood and
quarantine
hotels,
among
others,
that
provide
assistance
to
medical
workers
in
committee
personnel,
community
volunteers
in
the
fight
against
COVID-19
and
security
hotels Shijiazhuang
in
order
to
help
COVID-19
prevention
and
control
personnel
defending
each
line of
defense.

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Meanwhile,
artists
and
celebrities
including
Jiang
Kun,
Huang
Xiaoming,
Zhou
Wei
and
Gong

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Engaging
in
trans-boundary
production
of
medical
supplies to
help
front-line
medical
workers

In
order
to
gain
control
of
COVID-19
and
satisfy
the
pressing
demand
for
scarce
protection supplies,
the
company
responded
to
government
appeal
by
rapidly
engaging
in
trans-boundary including
renovation
of
RMB
100,000-level
dust-free
plant,
production
line
procurement, selection
of
≥BFE95
melt-blown
fabric
raw
materials.
The
company
managed
to
implement donated
the
masks
to
front
time
hospitals
in
Hubei.
mask
production
efforts
at
the
fastest
speed,
strictest
standards
and
highest
requirements,
and

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Providing
Belt
and
Road
charity
supplies

The
3rd
"Belt
and
Road:
People
to
People
Bonds"
Hand
in
Hand
Activity
of
Students,
jointly organized
by
China
Charity
Federation,
China
NGO
Network
for
International
Exchanges
and China
Foundation
for
Peace
and
Development,
launched
the
"children
health
love
package" project
in
Beijing.

C&S
donated
approximately
4
million
masks
to
countries
including
Russia,
Pakistan
and

C&S Environmental, Social and Governance (ESG) Report stock
code:002511

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Targeted
poverty
alleviation

On
the
basis
of
actively
responding
to
national
appeal
regarding
targeted
poverty
alleviation lies
in
targeted
aspect
and
non-public
enterprise
resources
are
encouraged
to
take
part
in poverty
alleviation
with

all-round
responsibility,
the
company
responds
to
local
appeal, implements
targeted
poverty
alleviation
efforts
and
deepens
poverty
alleviation
development carried
out
targeted
poverty
alleviation
work
in
three
aspects
including
capital
donation,
and
rural
revitalization
efforts.
In
2020
we
repeatedly
paid
visits
to
poverty-stricken
areas
and materials
donation
and
employment
of
poverty-stricken
individuals:

prosperous
society
with
Jinzhai
Village,
Huanghua
Town,
Yongshan
County,
Shaotong, we
donated
RMB
40,000
to
Jinzhai
Village,
which
will
be
used
for
construction
of
local basic
residential
facilities,
improving
local
living
conditions
and
enhancing
public welfare
poverty
alleviation
outcomes.

We
carried
out
targeted
poverty
alleviation
action
in
Heishui
County,
Aba
Tibetan
and Qiang
Autonomous
Prefecture
(Sichuan
Province),
with
total
donation
of
RMB
5,000.

We
paid
poverty
alleviation
visit
to
Wupu
Middle
School
in
Wupu
Town,
Yunmeng
County, Xiaogan
City,
Hubei
Province,
with
donation
of
epidemic
prevention
supplies
worth
RMB 30,000.

Province
and
signed
labor
contracts
with
these
individuals.
Additionally,
we
participated in
poverty
alleviation
and
farmers
supporting
activities
according
to
appeal
of
local government
and
purchased
RMB
50,000
of
farmers
supporting
supplies.

We
donated
RMB
100,000
of
poverty
alleviation
fund
to
Luoding
City,
Guangdong Province
and
provided
job
for
12
targeted
poverty
alleviation
individuals
in
Luoding
City. Additionally,
we
helped
registered
poverty-stricken
individuals
to
get
employed
and
sign labor
contracts
with
them.

5. Engaging
in
public-welfare
undertakings

C&S
in
cooperation
with
sports
and
health
channel
of
Shenzhen Media
Group
established
the
Shenzhen
Radio
and
TV
Public Welfare
Foundation-Xue
Fund,
which
will
be
applied
to
various public
welfare
organizations
and
projects
and
participate
in public
support
and
charitable
assistance
tasks.

On
Double
Eleven
in
2020,
the
company
launched
the
"you
buy and
I
donate"
activity
where
it
promised
to
donate
1%
of
total platform
from
00:00
on
October
21,
2020
to
24:00
on
November 11,
2020
to
the
Shenzhen
Radio
and
TV
Public
Welfare Foundation-Xue
Fund.
And
1%
of
total
turnover
of
Tmall
"C&S Flagship
Store"
was
donated
to
Zhongshan
Charity
Federation to
support
the
development
of
social
welfare
charity undertakings.

The
company
also
pays
regular
visits
to
nursing
institutions
for the
aged
during
festival
periods
in
order
to
express
compassion and
care
for
the
elderly.

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C&S Environmental, Social and Governance (ESG) Report stock
code:002511

"C&S
Cup"
international
standard
dancing
open
championship

The
company,
in
2020,
continued
to
sponsor
the
"C&S
Cup" international
standard
dancing
open
championship
and held
13
wonderful
events
in
cities
such
as
Shenzhen,

Guangzhou,
Zhengzhou,
Yinchuan,
Xi'ning,
Foshan, Shunde,
Zhongshan,
Dongguan,
Qianjiang
and
Hengyang. China
international
standard
dance
is
a
fashionable
and elegant
dance
that
is
very
popular
among
the
public, integrating
mass
feature,
entertainment
feature,
artistic feature
and
competition
feature.
By
virtue
of
sponsorship of
the
event,
we
facilitate
the
promotion
of
international standard
dance
across
China
and
play
a
role
in
building
a harmonious
society,
facilitating
the
prosperity
of
culture and
enriching
culture
and
sports
life
throughout
the
public.

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54

Outlook Chapter
VI

The
company,
in
2021,
will
seize
the
opportunity
to
secure
further guiding
principles.
Under
the
ideological
guidance
of
“innovation, progress.
Particularly,
we'll
continue
to
operate
in
a
compliant
and
enablement
and
accountability,”
all
staff
will
continue
the
pursuit
of honest
manner,
facilitate
the
in-depth
integration
of
product
quality create
value
for
shareholders,
build
a
favorable
development
and
consumer
experience,
refine
functions
and
expand
varieties, platform
for
employees,
and
contribute
toward
social
development.

In
the
event
of
any
inconsistency
between
the
Chinese
and
English versions,
the
Chinese
version
shall
prevail.