Sino Ocean : Highest in Mainland China! Sino-Ocean Awarded A Rating on MSCI-ESG

Sino-Ocean Group is awarded an A rating for ESG in Morgan Stanley Capital International Inc. (MSCI)'s recent 2021 Environmental, Social and Governance (ESG) Ratings Report. The result represents Sino-Ocean's rating upgrade for the fourth consecutive year, and the highest among all real estate companies in mainland China.

In recent years, as corporate social responsibility (CSR) becomes a global consensus and as sustainable development gains widespread acknowledgment, listed companies are facing rising societal scrutiny for their performance on non-financial indicators such as governance, environmental impact, and social impact. Known for independence, consistency, and openness, the MSCI ESG ratings are considered an important basis for decision-making by major investment institutions around the world. Every year, MSCI conducts ESG performance evaluation on global listed companies included in MSCI indexes and releases authoritative ratings on a 7-grade scale from 'AAA' (highest) to 'CCC' (lowest).

In the latest MSCI ESG rating, Sino-Ocean Group is recognized for its ESG management and performance on indexes such as Green Building, Product Quality & Safety, Health and Safety, and Corporate Governance.

Sino-Ocean is rated top among global companies on Corporate Governance, which demonstrates well-established corporate governance of the Group and its industrial leadership for high-quality development. In terms of Green Building, Sino-Ocean Group was the first to initiate the comprehensive practice of 'Green Building' in 2006 and has upgraded the philosophy to 'Building Health' as part of its development strategy. As at end of 2020, Sino-Ocean Group has registered a total of 106 green building-certified projects, which represent ~61.5% of all Sino-Ocean projects, 40% higher than the industry average as a share .

Moreover, Sino-Ocean Group continues its ESG endeavor centering on the strategic goal to 'Achieve Sustainable Value Creation with Stakeholders' and was the first real estate company in mainland China to set a 'carbon neutral' goal, to propose a sustainable development strategy, and to complete the formulation of 'Sustainable Development Policy' to strictly regulate and effectively manage efforts on sustainable development.

In April, Sino-Ocean Group established the 'Building · Health 2030' alliance where it works with partners to create a 'low-carbon and healthy' ecosystem, and to make relentless contribution to achieving the national goal of 'Healthy China 2030' and building environmentally friendly and healthy communities.

As the pioneer of 'Building Health', Sino-Ocean Group proactively pursues sustainable development with the aim to grow with its employees, progress with its users, and evolve with the industry on the premise of protecting the beautiful and healthy environment that we share. Sino-Ocean's upgraded MSCI ESG A rating represents strong acknowledgement of the Group's performance on sustainable development and ESG governance, as well as its capabilities of effectively managing ESG risks and seizing opportunities in green development. Going forward, Sino-Ocean Group aims to join hands with all stakeholders and advance along the strategic path of sustainable development, making further contribution to the sustainable development of the Company and society alike.