China Overseas Grand Oceans Demonstrates Outstanding Investor Relations Management, Firmly Advancing Low-Carbon Transformation
China Overseas Grand Oceans Group Limited (referred to as "COGO" or the "Company") values investor relations and considers it as an important window for the Company's engagement with the capital market. It also serves as a bridge between the capital market and the Company, facilitating two-way communication and interaction, which has always been a proactive objective.
The Company is committed to maintaining close, two-way communication with shareholders and the capital market to ensure the rapid, equal, and timely dissemination of information. This provides investors with ample information to effectively assess and make informed investment decisions. The team also conveys investors' demands to the management to assist in formulating strategies and directions that benefit the Company's development.
At the beginning of each year, the Company formulates an annual investor relations work plan. In 2023, the Company adheres to the two major elements of value creation and value realization. On one hand, it is necessary to consolidate the foundation and improve basic factors through progress in various aspects, thereby enhancing the Company's intrinsic value. On the other hand, it strengthens communication with the market with the provision of reasonable guidance, and conveys the Company's value thus leads to enhancing recognition from all parties involved.
Integration of Online and Offline, Establishing Efficient Communication MechanismsCollecting information and opinions from investors helps establish a healthy corporate monitoring mechanism. The Company excels in utilizing various media to actively communicate with stakeholders. On the day of results announcements, the Company holds results presentations where executive directors and senior management elaborate on the operations and business prospects, as well as addressing questions. After the results announcements, the Company holds multiple non-deal roadshows with investors to answer questions in depth, and directly listen to the opinions of the capital market. In response to the impact of the pandemic, recent announcements and roadshow meetings have predominantly taken the form of online live broadcasts. While the impact gradually diminishes, the Company will gradually increase the integration of "online and offline" hybrid forms of communication with the capital market.
Since the lifting of travel ban, the Company has organized numerous investor research activities to showcase project positioning to the capital market, which aim at increasing market attention and enhancing investors' confidence in investing in the Company's stocks. In terms of online platforms, the Company revamped its investor relations website in 2022, providing the market with enriching, accessible and efficient corporate information in interactive forms. Important information such as corporate governance policies, the scope of the board of directors' responsibilities, various announcements, and notices are detailed on the investor relations website.
Formulating Comprehensive ESG Strategies, Building a Win-Win Industry EcologyCOGO deeply understands the importance of sustainable development and has fully integrated the concepts of environmental, social, and governance (ESG) into its deployment and policy formulation. In April 2023, the Company released its 2022 ESG Report, which comprehensively showcased the Company's ESG work in five directions: "Governance, Opus, Environment, Support and Group."
The Company's business practices fully embody its commitment to sustainable development, including establishing a "12345" quality product system, integrating environmental management into the Company's overall development, and formulating a “Carbon Peaking and Carbon Neutrality” strategy. The Company implements a comprehensive and complete training system to create a fair, just, and transparent professional development environment for employees. It continues to promote the concept of sustainable development to society, the industry, and supply chain partners, and builds a win-win industry ecology.
The Company's official website features a dedicated section on sustainable development that discloses the Company's ESG information to the market. It has expanded disclosure channels while maintaining transparency, enhancing investors' and stakeholders' confidence in China Overseas Grand Oceans.
COGO actively practices the national “Carbon Peaking and Carbon Neutrality” strategy and released the "China Overseas Grand Oceans Carbon Neutrality White Paper" on May 20, 2023. The white paper first proposed the vision of "Fervently Pursue COGO’s Dual-Carbon Goal, Committed to Promoting Low-Carbon Development in the Industry." It establishes the "3+10+5" carbon neutrality action system for COGO, making it one of the first companies in the real estate industry to formulate carbon neutrality plans and the first company under China Overseas to release a completed carbon peak and carbon neutrality plan.
Furthermore, to implement the carbon peaking and carbon neutrality plan and actively promote low-carbon transformation, COGO also announced the independently developed "Smart Carbon Space" carbon calculation and operation management platform system on the same day. It serves as an important digital tool for future carbon emission inventory, verification, calculation, and operation management. The platform includes three major functions: corporate carbon management, residential project carbon management, and ESG annual report services. It features authoritative standards, convenient reporting, role-based reporting, full life cycle coverage, rapid calculation, and one-click report generation. It accurately achieves the informatization, data-driven, and visualized management of carbon emissions, providing an important decision-making basis for carbon emission management.
In the future, COGO will continue to incorporate the concept of sustainable development into its strategic planning, value innovation, and cultural construction, actively embodying the principles of green, low-carbon, and a better life. It firmly advances the low-carbon transformation of the entire real estate value chain and collaboratively walks the path of carbon neutrality in the industry.