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重庆啤酒:重庆啤酒股份有限公司2024年环境、社会和公司治理报告(英文版)

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ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ABOUT THE REPORT

This report represents the third Environmental Time Span References Used in the Report Report Approval and Accessibility

Social and Governance ("ESG") report of Chongqing

Brewery Co. Ltd. (the "Company"). Its primary

purpose is to present our ESG policies management The report covers the period from January 1 2024 For the convenience of expression and reading This report has been approved by the Board of

practices and performance to stakeholders to December 31 2024 ("2024" "reporting period" "Chongqing Brewery" "the Company" and "We" in Directors on April 1 2025. This report is available

providing a more comprehensive understanding of and "this year"). To ensure the continuity and the report all refer to "Chongqing Brewery Co. Ltd." in Simplified Chinese and English. In the event of

our ESG efforts. comparability of ESG reports certain data and while "the Group" refers to "Carlsberg A/S". any minor discrepancies between the two versions

information are backdated or forwarded to other the Chinese version shall prevail. The report in pdf.significant years when appropriate. Source of Data is accessible on Shanghai Stock Exchange website

(http://www.sse.com.cn) and our official website

Scope of Reporting (https://www.carlsbergchina.com.cn).All information cited in this report is from the

Company's official documents statistical reports

The subject of this report is Chongqing Brewery Co. and financial reports. The information presented

Ltd. (Stock Code: 600132) unless otherwise stated. in this report is provided by our employees and

The disclosure standards it follows are consistent partners and for the purpose of our ESG disclosure

with our annual report. only and not for commercial purposes.Basis of Preparation Disclaimer

In preparing this report we referred to Guidelines Please note that some parts of this report are

No. 14 of Shanghai Stock Exchange for Self- forward-looking including plans goals etc. for

Regulation of Listed Companies—Sustainability future development. Such content is based on the

Report (Trial) GRI Sustainability Reporting current expectations of the management which

Standards (GRI standards) and IFRS Sustainability may be subject to uncertainties that could cause

Disclosure Guidelines released by ISSB. We also it to differ materially from actual results. The

took into account the suggestions put forward in Company does not undertake the obligation to

the ESG Disclosure Guidelines for Chinese Alcoholic update any forward-looking statements in this

Beverage Enterprises issued by China Alcoholic report.Drinks Association.Chongqing Brewery Environmental Social & Governance Report 01ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

TABLE OF CONTENTS

ABOUT THE REPORT 01 SIX TTZAB AMBITIONS 16 APPENDIX 70

PRESIDENT'S MESSAGE 03 ZERO Carbon Footprint 17 THIRD-PARTY COMMENT 70

ZERO Farming Footprint 25 GRI INDEX 71

ABOUT US 04 ZERO Packaging Waste 28 SSE ESG INDEX 74

ZERO Water Waste 31 INDEX FOR ALCOHOLIC BEVERAGE 75

COMPANY PROFILE 04 ZERO Irresponsible Drinking 35

ENTERPRISE ESG DISCLOSURE

TITLES AND HONORS 05 ZERO Accidents Culture 39

ESG KPIS 76

ESG PROGRAM 09

ESG HIGHLIGHTS 12

ESG GOVERNANCE 13 KEY FOCUS AREAS 46

STAKEHOLDER ENGAGEMENT 14

EMISSIONS MANAGEMENT 47

DOUBLE MATERIALITY ASSESSMENT 15

PRODUCTS AND SERVICES 50

DIVERSITY EQUITY & INCLUSION 54

RESPONSIBLE SOURCING 60

COMMUNITY ENGAGEMENT 62

COMPLIANCE MANAGEMENT 64

Chongqing Brewery Environmental Social & Governance Report 02ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PRESIDENT'S MESSAGE

Thank you for reading this Environmental accidents involving employees and contractors forward on the path of sustainable development.Social and Governance ("ESG") Report 2024 of decreased by 92% in 2024. We also promote

Chongqing Brewery Co. Ltd. a healthy consumption culture and widely

This report you are about to read is the first

communicate the concept of ZERO Irresponsible

ESG report we prepared in accordance with the

Drinking by engaging brand spokespersons and

The year 2024 saw Chongqing Brewery entering Guidelines No. 14 of Shanghai Stock Exchange

other ways.a new stage of "Accelerated SAIL". While actively for Self-Regulation of Listed Companies—

responding to the complex and changing market Sustainability Report (Trial) and the ESG

environment we have also continued to promote Corporate Governance: We adhere to high Disclosure Guidelines for Chinese Alcoholic

the "Together Towards ZERO and Beyond" standards of compliance management and Beverage Enterprises. We hope to further

(TTZAB) ESG program and achieved remarkable transparent operations and optimize our enhance the standardization and transparency

results in the fields of environmental social and governance structure to ensure robust and of ESG information disclosure provide

corporate governance laying a solid foundation sustainable development. In 2024 we were stakeholders with more comprehensive and clear

for high-quality development of the Company. once again awarded the "A-rating in Annual information on our sustainability and promote

Information Disclosure Work" by the Shanghai the improvement of ESG disclosure level in the

Stock Exchange and were selected for "Excellent industry.Environmental stewardship: We have made

Practice of Annual Performance Presentation" by

steady progress toward the four ambitions: ZERO

the China Association for Public Companies for

Carbon Footprint ZERO Water Waste ZERO Looking forward we will continue to follow the

two years in a row.Farming Footprint and ZERO Packaging Waste . "Accelerated SAIL" strategy practice the growth

In 2024 our breweries reduced carbon emissions culture continue to optimize our action path

per hectoliter by 76.7% from 2015 equivalent This year our efforts in the field of ESG were and work together with employees partners and

to taking 119000 cars off the road for a year also widely recognized. Since joining the the community.Thank you for your concern and

and decreased average water consumption by MSCI rating in 2020 Chongqing Brewery has support for Chongqing Brewery. Let's brew for a

45.7% equivalent to saving water of 3.57 West achieved consecutive rating upgrades for four better today and tomorrow!

Lakes. The newly established Sanshui production years jumping from "A" in 2023 to "AA" in 2024

base in Foshan is Carlsberg's first "sponge plant" officially stepping into the "leader" ranks and

in the world fully realizing green brewing. In becoming one of the only two highest-rated

addition we continue to recycle byproducts enterprises among A-share listed food and

from beer production increase bottle return rate beverage companies. In addition we have been

and optimize packaging to further reduce our included in the "2024 China Alcoholic Drinks ESG

upstream and downstream carbon footprint. Model Enterprises List" of China Alcoholic Drinks

Association "Best ESG Practice Cases" of China Lee Chee Kong

Association for Public Companies and "2024

Social responsibility: We advocate ZERO President Chongqing Brewery Co. Ltd.ESG Influence List" of Fortune China among

Accidents Culture to continuously enhance our

others. These honors are not only an affirmation

employees' work safety awareness and ability.of our past efforts but also an incentive for our

Compared to 2018 the number of lost-time

further endeavor pushing us to continue to move

Chongqing Brewe重ry啤 E股nv份iro环nm境e、nt社al会 So和ci公al司 &治 Go理v报ern告ance Report 03ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ABOUT US

COMPANY

PROFILE

Based in China Chongqing Brewery Co. Ltd.(SH.600132) is a subsidiary of Carlsberg Group

the third largest brewer in the world. Carlsberg

Group headquartered in Copenhagen Denmark

was founded in 1847 and has over 140 beer

brands that are sold in more than 150 markets

worldwide.The Company operates a production and

supply network consisting of 27 breweries and a

marketing and sales network spanning China's

provinces and municipalities with a strong

product portfolio of "local brands + international

brands". International brands include Carlsberg

Tuborg Kronenbourg 1664 Grimbergen Brooklyn

and Somersby and local brands include Wusu

Chong Qing Shancheng Xixia DALI WFSM Responding promptly to market changes we China has become the Group's largest market implementing the Together Towards ZERO and

TIAN MU HU and Jing-A meeting the diversified are one of the fastest growing Chinese beer globally. In the Group's SAIL'27 strategy "Keep Beyond (TTZAB) ESG program in China. We are

needs of consumers for high-quality beer. companies in recent years. In 2024 our respective Winning in China" is listed as one of the strategic dedicated to achieving ZERO Carbon Footprint

sales revenue and net profit attributable to priorities. This priority demonstrates our ambition ZERO Water Waste ZERO Farming Footprint

shareholders of parent company after deducting of being the most successful professional and ZERO Packaging Waste ZERO Irresponsible

non-recurring gains and losses were 2.9749 attractive brewer in China. We are also committed Drinking and ZERO Accidents Culture while

million kiloliters of brews RMB 14.645 billion to actively addressing global challenges such as adhering to the Group's purpose of brewing for a

and RMB 1.222 billion. inequality climate change and water scarcity by better today and tomorrow.Chongqing Brewery Environmental Social & Governance Report 04ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ENTERPRISE HONORS

Shanghai Stock Exchange China Association for Public Companies China Association for Public Companies China Association for Public Companies Hurun China

A-rating in 2023-2024 Excellent Practice Cases of the Board of Excellent Cases of Culture Construction of Best Practice of Annual Report Top 100 in the Food Industry

Information Disclosure Work Directors of Listed Companies of the Year Listed Companies of the Year Presentation of the Year

Securities Times Securities Times Institutional Investor Corporate Governance Asia China Securities Journal

Top 100 Main Board Listed The 15th Tianma Award for Investor Most Honored Company Five Awards at the 14th Asian Golden Bull Best Investment Value

Company Value Relations Management and Shareholder Excellence Award Award of the Year

Returns of Listed Companies in China Golden Information Disclosure Award

Chongqing Enterprises Federation Federation of Industry and Commerce Federation of Industry and Commerce Guangzhou Association of

Chongqing Federation of Industrial Economics of Yunnan Province of Ningxia Hui Autonomous Region Enterprises with Foreign Investment

Chongqing Top 100 Enterprises Top 100 Non-public Enterprises of Yunnan Province Ningxia Top 100 Private Enterprises Ocean Engine Award Guangzhou

Chongqing Top 100 Manufacturers Top 20 Non-public Manufacturers of Yunnan Province Ningxia Top 100 Private Manufacturers Outstanding Foreign-funded Enterprise

Top 100 Enterprises of Yunnan Province

Chongqing Brewery Environmental Social & Governance Report 05ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ESG HONORS

MIIT China Alcoholic Drinks Chongqing Daily

National Water Efficiency Leader Association Top 10 Chongqing Social

Responsibility Influential

ESG Model Enterprises List

China Association for Enterprises of the Year 2024

Public Companies

Best Practice Cases for

Sustainable Development of

Listed Companies of the Year

MSCI ESG

Upgraded to AA Rating

Fortune China Southern Metropolis Daily Guangzhou Daily People.cn

2024 ESG Influence List ESG Innovation Pioneer ESG Sustainability Excellence Model People's Social Responsibility

of the Year Cases

Southern Weekend

ESG Competitive Enterprises

of the Year

Caijing.com.cn China Securities Journal Dali Brewery won the title of Korla Brewery and Wusu Brewery won the title of Lixian Brewery won the title of

Sustainability Benchmark ESG Golden Bull Top 100 Yunnan Provincial Water-saving Xinjiang Uygur Autonomous Region Green Plants Hunan Green Plants of the Year

of the Year Benchmark Enterprises of the Year

Chongqing Brewery Environmental Social & Governance Report 06ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

EMPLOYER BRAND CULTURE AND TALENT DEVELOPMENT HONORS

100 Employer Excellence of 2024 Employer Branding

China and Excellence in Creativity Awards Best DEI

Talent Attraction & Retention 2024 Super EmployerProgram Award Best Campus

of 2024 Project Award

DEI Employer Award 2024

China Best Employer The Most Attractive Employer

and 4th among the Top

Award 2024 of 2024

100 Enterprises in China

The Most Popular

Guangdong Work Different of

Employer among College Top Graduate Employer Brands

the Year

Students

Chongqing Brewery Environmental Social & Governance Report 07ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PRODUCT BRAND AND MARKETING HONORS

Three Awards in "Qingzhuo" Awards New Alcoholic Beverage Products Selection "Wusu x CTF Crossover Marketing" won TMA Integrated Marketing Gold Award

Douyin E-commerce 618 Outstanding Contribution Award

At the China International Beer Challenge 2024 15 product categories of the Company won awards

JD Supermarket "Marketing Partner of the Year"

making the Company the brewery winning the highest number of awards for the fourth year in a row

Bronze Award of IAI E-commerce Marketing

TOP DIGITAL Festival Marketing Annual Special Award

At the World Beer Awards 2024 the Company won 6 gold medals 5 silver medals and 3 bronze

medals with three product categories rated "Best in China"

2024 Meituan Flash Innovation Breakthrough Award

At the World Cider Awards 2024 Somersby won 1 gold medal 1 silver medal and 2 bronze medals 2024 Meituan Flash Warehouse Brand Growth Award

Wusu won the title of "Xinjiang Time-honored Brand" 2024 Ele.me Brand Strategic Partner Award

WFSM won NIQ BASES Breakthrough Innovation Awards 2024 Ele.me Official Flagship Store Win-Win Award

2024 Ele.me Summer Integrated Marketing Innovation Award

Jing-A brand and its products won 2 gold medals 1 silver medal and 4 bronze medals at 2024

Australian International Beer Awards (AIBA) a silver medal at Asia Beer Championship (ABC) 2024

Jing-A Taproom was selected as 2024 Douyin Enchanting Restaurant 2024 that's FOOD & DRINK

and a gold medal at Japan International Beer Cup

Awards Editor's Choice Burger of the Year 2024 TimeOut Bar Awards Craft Beer Bar of the Year 2024

Olive China Top 100 Craft Beer Bar No. 1 Brand in National Craft Brand Hot List of 2024 Beijing Craft

Beer Festival

Carlsberg Artist Edition for the Year of the Snake won iF Design Award 2025

Tuborg rap music program won International Advertising Awards (IAI) Excellence award

Wusu Barbecue · Chengdu Night Snack City won the title of Forbes China "2025 Mass Consumption

Innovative Brand of the Year"

"Tuborg x but" won China International Advertising Festival · 2024 Content Marketing Gold Case

"Tuborg 2024 CNY Dragon" won Golden Bauhinia International Advertising Creativity Award

Wusu Barbecue · Chengdu Night Snack City was included in Top 10 of 2024 China Catering Innovation

Brand List

"Tuborg 2024 Rap Music" program won Bronze Award of China Content Marketing Awards

Bronze Award of Golden Mouse IP Marketing Wusu Barbecue · Chengdu Night Snack City won the title of 2024 New Consumption Cas

Chongqing Brewery Environmental Social & Governance Report 08ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ESG PROGRAM

In 2022 the Group released the SAIL'27 strategy Irresponsible Drinking ZERO Accidents Culture areas of responsible sourcing diversity equity & stakeholders such as suppliers customers

and launched the upgraded Together Towards TTZAB has developed an action roadmap and inclusion human rights living by our compass consumers and the community to implement

ZERO and Beyond (TTZAB) ESG program to set measurable indicators for 2030 and 2040 and community engagement. sustainability commitments across the business

actively respond to global challenges such as including net ZERO value chain packaging and value chain aiming to achieve the corporate

climate change water scarcity and inequality recycling for reuse 100% replenishment of water purpose of brewing for a better today and

In 2024 the Company entered a new phase of

and promote sustainable development of the usage at breweries in high-risk areas and ZERO tomorrow.Accelerated SAIL under the SAIL'27 strategy

enterprise. lost-time accidents among other challenging and

continued to facilitate the implementation of

leading targets. Our climate targets are aligned

the TTZAB program made substantial progress

with the 1.5°C target in the Paris Agreement on

Based on the six ambitions namely ZERO in key areas through a series of actions and

Climate Change. Meanwhile we have also further

Carbon Footprint ZERO Farming Footprint ZERO committed to track and timely update the

strengthened the strategic layout in five focus

Packaging Waste ZERO Water Waste ZERO ambitions. The Company works closely with

Chongqing Brewery Environmental Social & Governance Report 09ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Responsible DiversityEquity Human Living By Community

Sourcing &Inclusion Rights Our Compass Engagement

Chongqing Brewery Environmental Social & Governance Report 10ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Purpose Brewing for a better today and tomorrow

SAIL'27 priorities Our portfolio choices Our geographical priorities Our execution excellence Our winning culture Funding our journey Creating value for all our stakeholders

Sustainability Strategy Together Towards ZERO and Beyond (TTZAB)

2030 Targets ZERO carbon emissions at our breweries 2040 Targets Net ZERO value chain

ZERO

30% reduction in value chain carbon emissions

Carbon

Footprint All renewable electricity must come from new assets

(e.g. via power purchase agreements)

ZERO 2030 Targets 30% of our raw materials are from regenerative agricultural 2040 Targets 100% of our raw materials are from

Farming practices and are sustainably sourced regenerative agricultural practices and

Footprint are sustainably sourced

ZERO 2030 Targets 100% recyclable reusable or renewable packaging 50% reduction of virgin fossil-based plastic

Packaging

Waste 90% collection and recycling rate for bottles and cans 50% recycled content in bottles and cans

ZERO

2030 Targets Water usage efficiency of 2.0 hl/hl in the Company and 1.7 hl/hl at 100% replenishment of water usage at breweries in

Water

breweries in high-risk areas high-risk areas

Waste

ZERO 2030 Targets 100% responsible drinking messaging through packaging and brand 35% of our beers from the Company are low-alcohol or

Irresponsible activities alcohol-free

Drinking 100% of our markets run partnerships to support responsible consumption 100% availability of alcohol-free brews (AFBs)

ZERO

Accidents 2030 Targets ZERO lost-time accidents

Culture

Diversity Equity & Inclusion Focus on the continuous enhancement and implementation of policies partnerships and other initiatives to manage the impacts on

our employees operations value chain and wider society.Living by Our Compass

Set additional targets that are quantified and shorter-term including the proportion of women in senior leadership position ramping

Human Rights

up to one-third by 2027.Responsible Sourcing

Continuously strive to Live by Our Compass and maintain a high-integrity culture through a robust compliance program and source

Community Engagement responsibly respect human rights along the value chain and engage communities responsibly.Chongqing Brewery Environmental Social & Governance Report 11ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ESG HIGHLIGHTS

ZERO Carbon ZERO Farming ZERO Packaging ZERO Water ZERO Irresponsible ZERO Accidents

Footprint Footprint Waste Waste Drinking Culture

-76.7% 90% -45.7% 100% 14years in a row

Decrease by 76.7% in carbon 100% Bottle return rate up 3.6% Average water consumption Three kinds of warning labels The Company has held All-

emissions per hectoliter in 2024 from 2022. The bottle return in 2024 was 2.09 hl/hl down calling for responsible drinking Staff Safety Day activities

from 2015 equivalent to 119000 100% recycling of 1.67 million rate in Chongqing is higher 45.7% from 2015 have been added to the for 14 consecutive years to

cars off the road for one year tons of waste yeast liquor than 90% packaging of alcohol products continuously improve the

and 307000 tons of spent ability and safety awareness of

82 grains for agriculture and -5 Sponge Plant 6.2 employees% animal husbandry to promote million million+the development of circular Foshan Brewery has been

Electric forklift truck use increased economy Due to bagless transportation of completed and put into Eleven brand spokespersons

by 3% to 82% in 2024 with green raw materials reducing the use operation becoming Carlsberg's communicate responsible More than 10 years

logistics project kicked off of approximately 5 million plastic first sponge plant in the world drinking reaching more than 6.2

100 woven bags and cutting carbon million consumers Five breweries have had no % emissions by about 1500 tons lost-time accidents for more Green Brewing Benchmark Water Replenishment Crossover Collaboration than 10 years

Foshan Brewery is equipped Localized sourcing of

with photovoltaic power 100% of main ingredients -31346tons The water replenishment Through innovative

and localized sourcing of projects in Chongqing collaboration with Meituan the generation systems biogas Jiangsu and Yunnan have concept of responsible drinking -92%

boilers air conditioning energy 50% of hops and 30% of Annual recycling of glass debris been 80% completed is communicated to more

storage facilities etc. and malt products amounted to 31346 tons Compared to 2018 the number with 365000m3 of water consumers using Meituan's food

has obtained three-star green equivalent to 125 million 330ml of lost-time accidents involving replenished equivalent to 170 delivery lockers as a medium

building certification achieving bottles reducing carbon emissions employees and contractors swimming pools

comprehensive green brewing by more than 25000 tons decreased by 92% in 2024

Diversity Equity & Inclusion Products and Services Responsible Sourcing Community Engagement Corporate Governance Living by Our Compas

30% 100% 100% RMB138000 A-rating 4100+

Increase in the proportion Breweries have passed the Of our major materials Was donated to launch Healthy In 2023-2024 Information Of total enrolments in

of female employees in 2024 annual quality COM suppliers were certified to Mother Express in Quannan Disclosure Work compliance training on

management positions Compliance audits the ISO 9001 environmental County Jiangxi province to ethics anti-bribery and

management system support the health cause of anti-corruption and

women and children competition law

Chongqing Brewery Environmental Social & Governance Report 12ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ESG GOVERNANCE

ESG Governance Structure

The Company has successfully integrated ESG governance into its daily operations. We have developed a three-tier ESG management structure comprising the President TTZAB Target Owners and ESG Owners. These

individuals are responsible for the planning coordinating and implementation of our ESG strategies and establishing the KPIs setting targets and tracking progress to facilitate the implementation of our ESG strategies

and to achieve efficient management of the TTZAB. The annual ESG report is issued after consideration by the Board of Directors.Board of Directors Reviewing the annual ESG report

President Leading and overseeing the company's business strategic direction and performance performing corporate governance responsibilities

and responsible for overall ESG performance

TTZAB Target Owners Responsible for the coordination and facilitation of implementation of TTZAB

ZERO ZERO ZERO ZERO ZERO ZERO

Carbon Farming Packaging Water Irresponsible Accidents

Program Coordinator Footprint Footprint Waste Waste Drinking Culture

VP Corporate Director Director

VP Supply Chain VP Supply Chain VP Marketing VP Supply Chain

Affairs Procurement Procurement

ESG Champion

ESG Owners ESG Information Disclosure Team

Responsible for the collection and statistics of ESG initiatives progress and

Responsible for the implementation of ESG initiatives

completing reporting and information disclosure

Chongqing Brewery Environmental Social & Governance Report 13ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

STAKEHOLDER ENGAGEMENT

We attach great importance to effective engagement with stakeholders. By building a diversified and stable communication mechanism we maintain smooth efficient and close communication and interaction with

all stakeholders timely identify and actively take actions to respond to the expectations and requirements of internal and external stakeholders to continuously improve the transparency of corporate information and

further enhance the trust and support from all stakeholders.Stakeholders Engagement Channels Topics of Interest Our Responses

* Questionnaire surveys * Employee benefits * Established diverse employee engagement channels

* Online and in-person activities * Employee development and training * Protection of employees' rights and interests

Employees

* Emails * Employee rights and care * Provision of staff training and development space

* Meetings with all employees and within departments * Employee health and safety * Caring for the physical and mental health of employees

* Periodic reports and interim announcements

* Risk management * Held shareholder meetings

* Performance disclosure meetings

* Return on investment (ROI) * Completed the disclosure of regular reports and interim

Investors and Shareholders * Strategy meetings held by securities firms

* Corporate governance announcements

* Investors' online or in-person roadshow and anti-roadshow

* Information disclosure * Participated in investor roadshows and other activities

* Visit the breweries

* Consumer satisfaction survey * Quality products

* Promptly responded to consumer demands

* Complaints hotline * Diversified products

Customers and Consumers * Carried out responsible marketing

* Channels at retail stores * Sophisticated customer service

* Implemented initiatives promoting responsible drinking

* Marketing activities * Smooth communication channels

* Feedback channels for suppliers

* Have established a complete supplier management system

* Regular communication activities * Fair open and just procurement

Suppliers * Implementation of responsible procurement

* Audit and assessment * Suppliers support

* Carried out supplier training and communication activities

* Information sharing

* Regular and irregular media visits

* Company's performance * Regular communicate with media

* Timely communication of the Company's latest situation

Media Outlets * Sustainability performance * Regular release of the progress in sustainable development

* Beer tasting for the media

* Company's future development strategy * Held beer tasting for the media

* Interview with the President

* Regular visits and special reports * Compliance with all applicable laws and regulations

* Participation in the research and selection activities organized * Compliant business operations * Disclosure of information on our contribution to economic

Government and Regulatory Agencies by the government * Tax payments according to law development

* Participation in the formulation and revision of policies and * Driving local economic development * Facilitation of the TTZAB program

regulations * Participation in national demonstration pilot projects

* Join industry associations * Joined industry association

* Product quality

Industry Associations * Participation in formulating industry standards * Participation in formulating industry standard development

* Industry cooperation and development

* Participate in industry events * Participation in industry association initiatives

* Product development and innovation

* Conduct programs and cooperation with industry-university-

Industry-university-research Partners * Talent training * Cooperation with industry-university-research partners

research partners

* Achieve win-win results

Chongqing Brewery Environmental Social & Governance Report 14ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

DOUBLE ESG Materiality Matrix in 2024

MATERIALITY High

Product quality and innovation

ASSESSMENT Product quality and innovation Water stewardship

Business ethics

Water stewardship

The Company attaches great importance to the Corporate governance

Business ethics

identification evaluation and management of Employee health and safety

sustainable development topics. In 2024 based

on the materiality matrix of past years we Sustainable packaging / circular economy

Corporate governance

comprehensively reviewed and optimized the Tackling climate change Employee health and safety

annual materiality matrix with reference to the

Sustainable packaging / circular economy

latest ESG governance trends corporate business Moderate

layout and development dynamics mainstream

Customer service Data security and privacy protection Tackling climate change

ESG rating systems in capital markets and peer Data security and privacy protection

best practices. Supply chain management Responsible marketing

Impact Materiality Energy management Supply chain managementTalent and development

Assessment Waste / pollutant management Energy management

Talent and development Waste / pollutant management Advocating responsible

Through topic identification stakeholder research Responsible marketing drinking

topic analysis and other steps we build the Sustainable agriculture

Sustainable agriculture

materiality matrix and make key disclosures in Diversity equity & inclusion

the report so as to respond to the concerns of all Advocating responsible drinking

parties in a more targeted manner and disclose Diversity equity & inclusion

the progress of ESG work in a complete and Customer service

accurate manner.Community contribution and impact

Financial Materiality Community contribution and impactEqual treatment of SMEs

Assessment Low Scientific and technological ethics

Based on the results of the financial materiality Equal treatment of SMEs

assessment conducted by the Carlsberg Group Scientific and technological ethics

we focus on the management of three major

topics: "climate change" "resource utilization Materiality to Chongqing Brewery

and circular economy" and "consumers and

end users" as detailed in the sections of "ZERO Environmental topics

Carbon Footprint" "ZERO Packaging Waste" Social topics

"ZERO Water Waste" and "ZERO Irresponsible Corporate governance topics

Drinking".Chongqing Brewery Environmental Social & Governance Report 15

Materiality to StakeholdersABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

SIX TTZAB

AMBITIONS

The Together Towards ZERO and Beyond

(TTZAB) program is our action plan to address

global challenges such as inequality climate

change water scarcity and society's growing

concern for health and well-being. The program

is rooted in our purpose of brewing for a better

today and tomorrow and is integrated into the

overall corporate strategy. We pledge to achieve

the industry-leading Six ZERO Ambitions

including ZERO Carbon Footprint ZERO Farming

Footprint ZERO Packaging Waste ZERO Water

Waste ZERO Irresponsible Drinking and ZERO

Accidents Culture focusing on raw materials

packaging production logistics sales marketing

product consumption and other l inks. By

comprehensively managing the environmental

and social impact of our activities we will

actively engage with suppliers customers

consumers and communities to take actions that

contribute positively to society and to achieve

our milestones by 2030 and 2040.ZERO Carbon Footprint 17

ZERO Farming Footprint 25

ZERO Packaging Waste 28

ZERO Water Waste 31

ZERO Irresponsible Drinking 35

ZERO Accidents Culture 39

Chongqing Brewery Environmental Social & Governance Report 16ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO Carbon

Footprint

OUR ACTION CUTTING CARBON FROM CROPS

In the context of intensifying global warming We carry out carbon footprint assessment across Greenhouse gas emissions from the growing agriculture and sustainable raw material

and Carbon Peaking and Carbon Neutrality the full value chain covering planting production and processing of raw materials account for 15% procurement so as to minimize the potential

Goals proposed by the Chinese government packaging transportation cooling storage of the total value chain carbon emissions. We interference and impact of business production

beer enterprises are facing the double pressure and other links and develop and implement actively respond to our goal of ZERO Farming on the ecological environment. Carbon reduction

of energy conservation and emission reduction carbon reduction actions for each link. We also Footprint collaborate with upstream suppliers actions for growing and processing raw materials

and coping with climate change. As a leader in control climate change risks and carry out in the value chain to promote sustainable are detailed in the "ZERO Farming Footprint"

the beer industry we are committed to investing transformation plans and response measures to section of this Report.more resources in low-carbon operations address climate change and enhance the climate

throughout the whole value chain to facilitate the resilience of the enterprise.sustainable transformation of the industry. We

actively pursue the ZERO Carbon Footprint goal

2

and have carried out actions covering the entire Total Value Chain Carbon Emissions in 2024 REDUCING OUR PRODUCT CARBON

value chain to achieve low-carbon operations FOOTPRINT

from raw material planting production

packaging transportation and distribution to

The Company attaches great importance to

cooling and storage so as to achieve a net ZERO

the carbon emission of products throughout

value chain by 2040.the value chain. Under the guidance of the

Group we carry out product carbon footprint

assessment1 covering raw material planting and

OUR STRATEGY processing beer production packaging material

use transportation and distribution and terminal

Under the leadership of the president the VP cooling and storage and have formulated

of Supply Chain is responsible for addressing corresponding carbon footprint reduction plans. % of total Agriculture Breweries Packaging Transportation Cooling Value chain carbon 3

climate change related issues guiding and value chain and Processing and distribution emission intensity

emissions

implementing daily practices and regularly (kg CO2e/hl)

reporting on issues including energy conservation

emission reduction and reduction of the carbon 69.36

footprint of products and promptly reviewing 15% 7% 63% 9% 7%

and validating for improvement.

1 We regularly conduct product carbon footprint assessments according to the Scopes 1 2 and 3 emissions stipulated in the Greenhouse Gas Protocol (GHG protocol) compiled by the World Resources Institute (WRI) and the World Business Council for Sustainable Development

(WBCSD) and the Product Environmental Footprint (PEF) Guide (including rules for beers) formulated by the European Commission and sectoral guidelines for greenhouse gas emissions in the beverage industry.

2 We supplemented data categories in 2024 according to Carlsberg Group's latest calculation method for the whole value chain to further collect and update the data.

3 We expanded the collection caliber and categories of carbon emission data in Scope 3 and re-sorted collected and calculated the carbon emission intensity of the whole value chain in 2024. Therefore the data of 2024 are not comparable with those previously disclosed in

2015 and 2022.

Chongqing Brewery Environmental Social & Governance Report 17ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO

Carbon Footprint

SANSHUI PRODUCTION

BASE IN FOSHAN

A GLOBAL GREEN

SMART BREWING

BENCHMARK

On August 28 2024 Sanshui production base

in Foshan Guangdong province was officially

put into operation. It is one of Carlsberg's global

flagship breweries and a global green smart

brewing benchmark.Foshan Brewery adopted the country's highest

green building evaluation standard "Three-star

Green Building Standard" in the construction

process. It uses recycled building materials and

thermal insulation materials and carries out

real-time monitoring of temperature humidity

and pressure through building management

system (BMS). Six megawatts of solar panels

are deployed on its roof to meet 30 percent of

its total electricity needs while natural light

lighting ducts are designed to minimize electricity

consumption. The plant is also equipped with

biogas boilers steam condensate recovery and

reuse system rainwater collection and reuse

system air conditioning energy storage system

and other complete green equipment and

systems to fully realize green brewing.Chongqing Brewery Environmental Social & Governance Report 18ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ELIMINATING BREWERY EMISSIONS

Greenhouse gas emissions from breweries account 50001 energy management system certification. recovery devices to recover most of the secondary promote the boiling pot steam recycling project.for 7% of the total value chain carbon emissions. steam heat energy for the preheating of next In 2024 we achieved a reduction in thermal

We optimize energy management in all breweries Traditional breweries consume the most steam in feeding wort. We have launched biogas and energy consumption per hl of beer brewing from

by continuously improving production processes their brewing workshops where the wort boiling steam and other comprehensive thermal energy 16.095 kWh in 2023 to 15.274 kWh; the carbon

and updating production equipment to promote process consumes 35% to 40% of the total steam utilization projects in some of our breweries emissions in brewing per hl of beer were reduced

the use of renewable energy improve energy consumption. We adopt low-pressure dynamic including Dali Brewery Tiandao Brewery Korla by 4.5% compared to 2015 indicating effective

efficiency effectively reduce carbon emissions boiling process in our brewing workshops to Brewery in Xinjiang Dazhulin Brewery and reduction of carbon emissions.and practice green brewing concept. Our energy significantly reduce steam consumption. We also Foshan Brewery. In 2024 Xichang Brewery added

management goal is to achieve 100% green equip our production lines with secondary steam a new thermal energy recovery system to further

electricity use by 2030 and to be carbon neutral

in all breweries.We optimize the management of our workshops In 2024 we achieved positive results in thermal energy recycling projects of several breweries

equipment and personnel and continuously

monitor the level of energy conservation and Breweries Major measures and progress 100%

consumption reduction. Wusu Brewery in Xinjiang

New heat energy recovery system: through process improvement the normal pressure boiling

innovatively developed the "red and yellow tags" green electricity useprocess is replaced by low pressure dynamic boiling to achieve secondary steam heat recovery

scoring system and equipped the inspection and preheating and the heat consumption is expected to be reduced to 2.08 kWh/hl

Xichang Brewery

workers in the production workshop with red Electric boiler project: the electric boiler engineering research preliminary design and preparation

and yellow tags with red representing safety for a new electric boiler with supporting boiler room have been completed and the project is A total consumption of

hazards and yellow representing abnormal expected to be completed in 2025

situations. Once "spillage and leaking" problems Thermal energy reduction FI project: more energy efficient boiler equipment is selected for 169004.174 MWh

are identified the inspection workers hang the thermal energy recovery and reuse by reducing boiler start-up and shutdown times controlling of green electricity in 2024

corresponding tags at the right places for the Boke Brewery flue gas temperature pipeline insulation improving condensate reflux rate etc. and metering

maintenance personnel to deal with them in time. equipment are calibrated to optimize equipment management so as to achieve significant

reduction in heat consumption

Employees who identified such problems will

also be rewarded accordingly. We also improve Comprehensive heat energy utilization project: after cooling system transformation condensate

the level of automation and intelligence in our recovery tank transformation and heat energy transmission design transformation the heat

energy from wort cooling process the secondary steam heat energy from wort boiling process

breweries. The Wusu beer production line of and the high temperature condensate water from production process are collected for wort resulting in a carbon emission

Korla Brewery can efficiently produce 24000 Tianmuhu Brewery preheating heating of packaging sterilization machine etc. so as to effectively reduce heat reduction of

cans of beer per hour with only five operators energy consumption and refrigeration power consumption. The annual packaging heat energy

assigned to ensure the smooth operation of consumption was 6.45 kWh/hl down 0.8 kWh/hl from the same period in 2023 saving about 90687.64t

2088 tons of steam

the whole line achieving the integration of equivalent to planting

production efficiency and green concept. In 2024 We are increasing investment in the use of renewable energy optimizing the energy mix and installing 3.94 million trees

Korla Brewery and Wusu Brewery won the title photovoltaic equipment. At present we have achieved 100% green electricity use with a total green or 33300 cars off

of "Xinjiang Autonomous Region Green Plants" electricity consumption of 169004.17 MWh in 2024 resulting in a carbon emission reduction of 90687.64 the road for one year

and Tianmuhu Brewery won the title of "Jiangsu tons equivalent to planting 3.94 million trees or 33300 cars off the road for one year.Provincial Green Plants" and passed the ISO

Chongqing Brewery Environmental Social & Governance Report 19ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

MOVING TO LOWER-CARBON

Heat Energy Consumption in 2024 PACKAGING

Packaging materials are responsible for since 2021 to purchase new refrigerators using

Indicators Unit 2024 approximately 63% of beer product's carbon environmentally friendly refrigerants. By

footprint representing the largest source of implementing hydrofluorocarbon HFC-free

Heat energy from natural gas MWh 373077.18 carbon emissions throughout the value chain. To refrigerants and energy-saving fridges we can

reduce carbon emissions in the use of packaging annually decrease final energy consumption in

4

Heat energy generated by biogas from sewage materials we actively respond to the ZERO cooling by 10% effectively reducing greenhouse

MWh 977.80

plants Packaging Waste initiative and have collaborated gas emissions from refrigerants. We also pay

with suppliers to carry out carbon reduction attention to the energy consumption level of

Heat from district heating facilities actions in the use of packaging materials. For

MWh 75208.69 each brand model and prioritize the procurement

(with standard heating systems) more information please refer to the "ZERO of more efficient fridge models to reduce the

Packaging Waste" section of this Report. energy consumption per unit product. In addition

Total consumption of power MWh 169004.17 we have optimized existing fridges this year to MAKING OUR LOGISTICS SMARTER reduce the level of carbon emissions by installing

energy management system for the collection

Total thermal energy consumption MWh 449263.67 Transporting and distributing products between

breweries warehouses bars restaurants and analysis control and optimization of the fridges

retailers in beer brewing process accounts for transmission system performance and the

Percentage of renewable electricity % 100 9% of beer product's carbon footprint. To reduce reasonable planning and use of energy. In 2024

emissions in the transporting and distribution of we purchased approximately 11853 energy-

products the Company continues to promote saving fridges.Direct energy consumption MWh 376639.63

the electrification of our fleets and replace

traditional lead-acid batteries with more

We purchased about

Indirect energy consumption MWh 241628.21 environmentally friendly lithium-ion batteries.In 2024 the proportion of electric forklift

trucks increased from 79% to 82%. We also

Comprehensive energy consumption MWh 618267.84 11853provide training to enhance the energy-saving

awareness of suppliers and actively encourage energy-saving fridges in 2024 guided by

Comprehensive energy consumption intensity MWh/RMB 10000 in revenue 0.42 logistics suppliers to improve the energy-saving

the energy-saving fridge project

performance of logistics transportation.Using HFC-free refrigerants

CUTTING IMPACTS FROM COOLING and energy-saving fridges

can reduce final energy

In beer brewing process carbon emissions consumption by

from beer cooling account for about 7% of

beer product's carbon footprint representing

the third largest source of carbon emissions 10%

across the value chain. We actively promote the

4 There are two forms of energy consumption: one is one-time direct consumption also known as final consumption; the other Group's philosophy that "all newly purchased

is consumption in processing and conversion also known as intermediate consumption. Final consumption as opposed to refrigerators must utilize LED lighting and

intermediate consumption means that energy is not used for intermediate processing and conversion but is directly used into environmentally friendly refrigerants". We

various heating power and other equipment for consumption in production and non-production activities.have initiated the energy-saving fridge project

Chongqing Brewery Environmental Social & Governance Report 20ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

CUTTING DAILY OPERATING

EMISSIONS

The Company attaches great importance to emissions by about 604 tons. innovatively established a monthly performance 2024 on the 53rd World Environment Day Wusu

the awareness about energy conservation and reward mechanism to encourage all employees also held the "Run for Love · All Employees to

emission reduction in operation and carbon We are also committed to forming a culture to actively participate in environmental protection Reduce Carbon" event encouraging all employees

reduction actions. To reduce carbon emissions that all employees participate in low-carbon innovation collect all kinds of environmental to actively participate in carbon reduction actions

from employees' commutes we prioritize working operations. The "Value Your Idea" program protection ideas and implement them effectively and advocate a simple moderate green and low-

with passenger service providers with lower collects their potentially achievable proposals reducing the Company's energy consumption carbon lifestyle.carbon emissions. In 2024 the Company had 11 for carbon reduction and offers bonuses and and enhancing employees' awareness of energy

new energy buses effectively reducing carbon commendations to winners. Our Wusu beer conservation and emission reduction. On June 5

Case GREEN LOGISTICS PROJECT OFFICIALLY LAUNCHED

Greenhouse Gas Emissions in 20245

In 2024 the Company officially launched the green logistics and transportation project with the first 13

Indicators Unit 2024 new energy electric vehicles put into use reducing carbon by 421 tons marking an important step in the

construction of a green and low-carbon transportation system. It is expected that 12 new energy electric

CO2 emissions from the use of natural gas tCO2e 75622.75 vehicles will be added in 2025.CO2 emissions from the use of biogas produced tCO2e 0.22 Featuring zero emissions low noise and high efficiency new energy electric vehicles not only effectively by sewage plants

reduce air pollution and greenhouse gas emissions but also create a quiet and comfortable environment

CO2 emissions from district heating facilities tCO e 22111.35 for the community and employees. Their efficient power and low operating costs also significantly

(with standard heating systems) 2 improve logistics efficiency and economic benefits.CO2 emissions from the heat energy consumed tCO2e 97734.31

Total CO2 emissions from breweries tCO2e 101171.13

CO2 emissions from refrigerants tCO2e 3436.82

GHG emissions (Scope 1)6 tCO2e 79059.78

GHG emissions (Scope 2)7 tCO2e 22111.35

GHG emissions (Scope 1+Scope 2) tCO2e 101171.13

tCO2e/ RMB 10000 in GHG emissions (Scope 1+Scope 2) intensity 0.07

revenue

5 We use the "operational control method" to calculate and calculate greenhouse gas emission data.

6 Scope 1 includes carbon dioxide emitted by direct fuels and carbon dioxide produced by refrigerants. A new energy electric vehicle put into pilot transport in Jinghong Community Yunnan province

7 Scope 2 includes carbon dioxide emitted by indirect fuels.

Chongqing Brewery Environmental Social & Governance Report 21ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

TACKLING CLIMATE

CHANGE STRATEGY INDICATORS AND TARGETS

The Company is fully aware of the seriousness "Tackling climate change" is one of our core risk types we have put forward corresponding The Company discloses the progress of the

of climate change and the urgency of addressing ESG topics. We are actively advancing the ESG transformation plans and countermeasures with TTZAB program and KPIs on an annual basis.it. We actively identify and analyze climate- program of Together Towards ZERO and Beyond relevant resources arranged including financial

change risks by building a climate management committing to the goal of net ZERO value human and technical support to ensure the For specific indicators and targets please refer

system from four dimensions of governance chain by 2040. For a detailed description of the promotion and monitoring of such plans and to "ZERO Carbon Footprint: OUR TARGETS &

strategy risk management indicators and climate-related strategy please refer to the "ESG track annual progress to continuously enhance PROGRESS" "ZERO Farming Footprint: OUR

targets to identify climate-related risks take the PROGRAM" section of this Report. our climate resilience. TARGETS & PROGRESS" "ZERO Packaging

initiative to formulate countermeasures to reduce Waste: OUR TARGETS & PROGRESS" "ZERO

the potential impact of climate change on our RISK MANAGEMENT Water Waste: OUR TARGETS & PROGRESS"

business and enhance our climate resilience. sections of this Report.We identified the climate-related risks

systematically sorted out the physical and

transition risks at the level of industry and

GOVERNANCE company operation based on the characteristics

of the industry and business and clarified the

The Company is committed to improving its list of climate change risks including 2 physical

climate risk management capacity and has risks and 4 transition risks. We also evaluated

developed a three-tier ESG management the impact of these risks and opportunities on

structure comprising the CEO TTZAB Target the Company's strategy business model etc. in

Owners and ESG Owners to carry out climate the short medium and long term. For different

risk identification assessment and prevention

and control decisions. The CEO is responsible

for the leadership and decision-making of the

ESG strategic direction of the Company which

includes issues such as tackling climate change.The VP of Supply Chain empowers ESG Owners

to implement daily ESG practices report on

ESG progress including climate-related risk

identification and mitigation and promptly

review for improvement.Chongqing Brewery Environmental Social & Governance Report 22ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Climate Change Risk Identification and Response

Type of Risk Risk Description and Impact Our Response

Frequent extreme weather such as extreme heat extreme rainfall Regular inspection and early warning Carrying out regular inspection of facilities to prevent equipment

typhoons and floods may reduce soil productivity have a great impact and personnel from being harmed by extreme weather; paying close attention to the weather conditions

on agricultural production and harvest and cause supply and price and conveying the early warning information to each post in time;

Acute risks fluctuations of major beer raw materials such as barley; at the same

time it may lead to our loss from production operation and logistics Development of emergency plans Formulating emergency plans for extreme weather and carrying

transportation interruption and the increase in the cost of maintaining out emergency drills regularly to ensure the full implementation of emergency plans and minimize losses

Physical warehouse infrastructure. caused by extreme weather.risks

Chronic risks such as average temperature rise caused by climate High water risk assessment strengthening Setting the goal of ZERO Water Waste implementing high

change may reduce soil productivity have a great impact on agricultural water risk assessment projects and strictly controlling water scarcity and other related risks in high-risk areas;

Chronic risk production and harvest and cause supply and price fluctuations of major

beer raw materials such as barley resulting in reduced operating income Sustainable agriculture promoting Exploring climate-friendly regenerative agriculture program

risks. requiring suppliers to have sustainable forest and other conservation certifications and strengthening local

procurement of raw materials to ensure supply chain stability.International and domestic regulatory agencies capital market rating Policy tracking Continuing to track green and low-carbon policies including carbon pricing policies for

indexes and other requirements for the disclosure of corporate environment- a timely study and analysis of policies released and strengthening the communication with regulatory

related data continue to increase; and to cooperate with the implementation authorities and stakeholders to actively respond to the demands of stakeholders;

Policy risks of carbon trading the government has increased the requirements on the

accuracy of carbon emission data reporting by enterprises. Failure to disclose Sustainable agriculture promoting Exploring climate-friendly regenerative agriculture program

relevant environmental information in a timely manner in accordance with requiring suppliers to have sustainable forest and other conservation certifications and strengthening local

relevant laws regulations and policies may lead to the compliance risk. procurement of raw materials to ensure supply chain stability.Technological improvements or innovations that support the transition to Energy saving transformation Giving priority to the purchase of energy-saving equipment as guided by

a low-carbon energy-efficient economic system may influence business the energy-saving fridge project and using HFC-free refrigerants and energy-saving refrigerators. Carrying

operations. On the one hand we need to pay attention to the impact of out energy-saving renovation for existing equipment such as repairing old equipment and strengthening the

Technology risks water resources energy and other usage conditions on costs which may insulation of equipment;

lead to an increase in compliance and operating costs. On the other hand

failure to invest in or develop new low-carbon technologies will lead to Efficiency improvement Improving the production efficiency through technical transformation and

Transition the risk of financial loss. improved management measures and keeping tracking the development of new energy technologies.risks

Change in consumer behavior uncertainty in market signals and increase

in raw material costs lead to potential market risk. If consumers' demand Development of low carbon products/packaging Researching and developing low carbon solutions to

for low-carbon/energy-saving products is increasing while we cannot reduce the carbon intensity of business operations and provide customers with products and packaging with

Market risks innovate in time to meet consumer demand it will lead to the risk of a lower carbon footprint;

reduced operating income. Responding to customer expectations n response to consumer demands corresponding countermeasures

have been taken to meet customers' expectations and take into account their preference factors.Shift in consumer preferences on perceptions of corporate climate Compliance disclosure Ensuring the legality and compliance of cost information disclosure;

management increased stakeholder concerns or negative feedback

based on insufficient efforts to tackle climate-related issues (e.g. failure Green claim Actively responding to climate change consciously promoting the low-carbon image of the

Reputation risks to achieve the goal of reducing carbon emissions). Company and improve our green reputation;

Risk control Paying attention to the risks caused by climate change ensuring that the risks are

controllable to avoid the negative impact of risks on the corporate image.Chongqing Brewery Environmental Social & Governance Report 23ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

OUR TARGETS & PROGRESS

We have developed a systematic target tracking and improvement mechanism to monitor the progress towards goals and take special improvement actions. In 2024 we gradually promoted the ZERO Carbon Footprint

initiative by continuing to implement energy-saving technical transformation projects heat recovery systems biogas utilization and other measures and plan to achieve net ZERO value chain by 2040.Progress in 2024 Status Planned Actions for 2025 2030 Targets 2040 Targets

Implementation of energy-saving

technological transformation projects Launch pilot zero-carbon footprint breweries

including the application of dynamic low- and comprehensively use energy storage

pressure boiling comprehensive thermal Done electric boiler heat pump biomass boiler and

energy utilization and boiler efficiency other technologies to promote the progress of

improvement to effectively reduce carbon ZERO Carbon Footprint

emissions ZERO carbon emissions at our breweries

30% reduction in value chain carbon emissions

Increase in the proportion of electric forklift Net ZERO value chain

Continue to promote the electrification of our

truck used to 82% and launch of green Done All renewable electricity must come from new

logistics fleets

logistics and transportation project assets (e.g. via power purchase agreements)

Procurement of approximately 11853 energy- Increase the number of new refrigerators

saving fridges in 2024 reducing final energy Done purchased with environmentally friendly

consumption by 10% refrigerants

Chongqing Brewery Environmental Social & Governance Report 24ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO Farming

Footprint

Beer production mainly relies on malt water In addition we follow the Group's Environmental The Company improves resource utilization supported wetlands also play a role in controlling

hops and other ingredients and the acquisition Policy8 and actively practice biodiversity by recycling brewery by-products for soil agricultural non-point source pollution and

of these ingredients is closely related to conservation to reduce the impact of our improvement and animal husbandry. By- improving the well-being of surrounding residents.the natural environment and agricultural operations on the ecological environment. products such as "spent grains" and "waste yeast It is expected that by 2025 the program will

development. We explore and promoted the liquor" are treated and reused reducing the be completed and continue to play a role

initiatives of sustainable agriculture and commit OUR ACTION demand for feed and fertilizer in agriculture and making important contributions to the ecological

to sustainable forest biodiversity conservation animal husbandry thereby indirectly reducing protection and biodiversity conservation of the

and the use and management of sustainable greenhouse gas emissions from agricultural Yangtze River basin. Please refer to the "ZERO

We are committed to reducing the carbon

raw materials pursuing the ZERO Farming production and reducing the carbon footprint Water Waste" section for cases of wetland

footprint of agriculture protecting the ecological

Footprint target that 30% of raw materials are of agricultural systems. In 2024 we recycled conservation.environment and promoting efficient use of

from regenerative agricultural practices and are 307000 tons of spent grains and 1.67 million

resources and local economic development

sustainably sourced by 2030 and 100% of raw tons of waste yeast liquor. In 2024 our operations did not have a significant

through initiatives such as regenerative

materials are from regenerative agricultural impact on the ecosystem and biodiversity.agriculture program waste recycling biodiversity

practices and are sustainably sourced by 2040 to

conservation projects and sustainable raw BIODIVERSITY CONSERVATION

improve the resilience of agricultural ecosystems.material procurement management.On the basis of the continuous implementation

OUR STRATEGY of the ESG program the Company desires to PROMOTING SUSTAINABLE cooperate with stakeholders to carry out public In 2024 we recycled

AGRICULTURE

We strictly abide by the Forest Law of the welfare environmental protection projects

People's Republic of China the Implementation to protect the ecological environment and We work with raw material suppliers farmers 100%

Regulations of the Forest Law of the People's biodiversity. In June 2024 we collaborated with and other stakeholders to explore and promote the World Wide Fund for Nature (WWF) to of spent grains and waste yeast liquorRepublic of China and other laws and regulations climate-friendly renewable agriculture program

and relevant local policies related to forest officially launch the Yangtze River Basin Water actively invest in sustainable agriculture and

protection and strengthen the management of Replenishment Program to restore wetlands protect and improve rural livelihoods and social

sustainable raw materials to reduce the risk of and purify water sources in Chongqing Yunnan equity. Under the premise of ensuring product

deforestation. We also follow the Requirements and Jiangsu to help protect and develop the quality and production safety the Company

on Direct Material Quality Supplier's Yangtze River. Among them the Kunming gives priority to green raw materials processes

Requirements on Non-contract Material Quality project in Yunnan province is located in Xundian technologies and equipment and has established

and other policies of the Group requiring County of Kunming aiming to improve the local a full green life cycle process such as product

suppliers to identify each product unit and its wetland landscape and provide better habitat design material selection production marketing

related data and review the traceability of conditions for more than 80 black-necked recycling and waste harmless disposal to

suppliers' raw materials to ensure the traceability cranes (a first-class national protected animal reduce raw material leaching loss continuously

of raw materials. During the reporting period the and near-threatened species according to the improve raw material production rate and

proportion of our traceable primary materials IUCN Red List of Threatened Species). Other achieve efficient use of resources and minimized

reached 100%. environmental impact.

8 https://carlsbergchina.com.cn/media/4gnhogmi/environmental-policy.pdf

Chongqing Brewery Environmental Social & Governance Report 25ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO

Farming Footprint

WUSU RECYCLES

Adhering to the development model of

"enterprise + brewery + farmer" Wusu

Brewery provides spent grains from 5

breweries as feed for 60000 local dairy

cows and recycles wet yeast and dries it to

make dry yeast for fish feed and pet feed

production bringing considerable economic

benefits to breeders with the added value

of resource reuse exceeding RMB 10 million

playing a leading and exemplary role in

adjusting the agricultural industrial structure

and realizing the high-quality development

of "three high and one excellent" modern

agriculture.Wusu Brewery's brewing workshop

Chongqing Brewery Environmental Social & Governance Report 26ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

SUSTAINABLE RAW MATERIAL

PROCUREMENT MANAGEMENT

We strengthen the sustainable and local locally sourced. We will further increase the

procurement of raw materials give priority to proportion of local procurement and reduce Localized procurement

raw material suppliers (including barley rice etc.) carbon emissions generated by long-distance

close to our breweries sign long-term contracts transportation.with suppliers to encourage local agriculture 100%

and actively promote local hop growing industry. In addition we require the base paper materials of main auxiliary materials

By doing so we can save water resources provided by all carton suppliers to be certified by

agricultural land and transportation fuel shorten Forest Stewardship Council (FSC) Program for

the supply distance ensure the stable supply of the Endorsement of Forest Certification Schemes

raw materials and support the local economy. (PEFC) or the Sustainable Forestry Initiative

We currently have achieved 100% localized (SFI) to maximize the conservation of forest 50% 30%

procurement of main auxiliary materials 50% resources. At present our major carton suppliers of hops of malt products

localized procurement of hops and 30% localized have passed the ISO 14001 environmental

procurement of malt products. Packaging management system certification and some of

materials such as glass bottles cartons paper them have obtained FSC certification.boxes shrink films and cans are also 100%

OUR TARGETS & PROGRESS

We have developed a systematic target tracking and improvement mechanism to monitor the progress towards goals and take special improvement actions. In 2024 we gradually promoted the ZERO Farming

Footprint initiative by continuing to carry out biodiversity conservation projects and increasing the proportion of domestic raw material procurement and plan to achieve the goal that 100% of our raw materials are

from regenerative agricultural practices and are sustainably sourced by 2040.Progress in 2024 Status Planned Actions for 2025 2030 Targets 2040 Targets

Collaboration with WWF in local ecosystem

restoration in Chongqing Kunming of Yunnan

province and Changzhou of Jiangsu province

Continue to carry out biodiversity

with more than 23000 square meters of Done

conservation projects

wetland area restored and added providing

better habitat conditions for more than 80 30% of our raw materials are from 100% of our raw materials are from

black-necked cranes regenerative agricultural practices and are regenerative agricultural practices and are

sustainably sourced sustainably sourced

Continue to increase the proportion of

100% localized procurement of main auxiliary

local procurement and reduce the carbon

materials 50% localized procurement of

Done emissions generated by long-distance

hops and 30% localized procurement of malt

transportation

products

Chongqing Brewery Environmental Social & Governance Report 27ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO Packaging

Waste

OUR ACTION

In the context of global resource shortage Through green packaging design lightweight in bulk instead of disposable plastic woven bags. energy reliable management of water resources

and increasing awareness of environmental packaging packaging recycling and other In 2024 a total of about 5 million plastic woven and social equity in the production process. In

protection we are facing an urgent need to measures we improve the canning rate of bags were saved directly reducing the use of 2024 about 440 million eco-friendly ink labels

reduce packaging waste and promote sustainable products optimize packaging materials reduce plastic packaging by about 500 tons equivalent were used.development. Therefore we have established the resource waste and environmental pollution and to reducing carbon emissions by about 1500

ZERO Packaging Waste ambition and solemnly improve the bottle return rate and packaging tons. REDUCING USE OF MATERIALS

committed to achieving 100% recyclable recycling efficiency so as to promote sustainable

reusable or renewable packaging 90% collection development. We have optimized the color combinations of the We prioritize the procurement of lightweight

and recycling rate for bottles and cans 50% lid pull ring of the can packaging and changed and recycled glass bottles and PVC-free labels

reduction of virgin fossil-based plastic and 50% GREEN DESIGN OF PACKAGING most of the can lid to environmentally friendly to reduce weight of all types of packaging and

recycled content in bottles and cans by 2030. lid where the pull ring is integrated with the can effectively reduce resource waste. In 2024 we

We are proactively implementing sustainable We actively promote the green design concept body to enhance the recyclability of the cans. focused on reducing weight of wrap film shrink

packaging practices to reduce packaging waste of product packaging and use reusable or Our Carlsberg Light series products also use film glass bottles corrugated cartons etc. and

and environmental pollution through sustainable degradable packaging materials in plastic boxes Cradle to Cradle eco-friendly ink labels which is made positive progress.packaging design recycling of packaging glass bottles pallets barrel beers partitions characterized by the use of environmentally safe

materials and other initiatives. top frames cans aluminum bottles and pull recyclable production materials and renewable

cap packaging. Beers are mainly contained in

OUR STRATEGY aluminum two-piece cans which are small in

size light in weight and high in recycling rate WRAP FILM WEIGHT REDUCTION: 330ML KRONENBOURG 1664 GLASS BOTTLE

We are committed to promoting innovative and the production energy consumption is

WEIGHT REDUCTION:

Wrap film is 5 microns thinner and has been

cooperation actively practicing the concept of greatly reduced compared with conventional promoted to 19 breweries; in 2024 it was promoted The glass bottle is 20g lighter reducing the use of

sustainable packaging and helping the packaging glass bottle packaging. Therefore this year to more breweries which except two breweries glass by about 880 tons in 2024.materials to achieve green environmentally we focused on improving the canning rate of have completed testing and successfully switched

friendly and lightweight development. We products to gradually increase the market share their wrap film and it is expected to save 200 tons CORRUGATED CARTON WEIGHT REDUCTION:

strictly follow the Group's Environmental Policy of canned products. Compared to 2023 the of plastic film a year.and work with partners to decrease packaging canning rate of our products in 2024 increased

Corrugated carton is 30g lighter and promoted to

by 15% effectively reducing the consumption of some breweries saving approximately 3800 tons material usage and encourage recycling and SHRINK FILM WEIGHT REDUCTION: of paper; in 2024 9 breweries completed tests and

reuse. In order to lessen the potential impact packaging materials. it is expected to additionally reduce more than 1400

of packaging on the environment a life cycle Shrink film is 10 microns thinner; in 2024 Dali tons of paper annually.assessment (LCA) or equivalent environmental For the outer packaging of agricultural raw Brewery has completed the application test and it

assessment is necessary before new packaging is materials we use bulk bags made of recyclable is expected to save 50 tons of plastic film a year.put on the market. In addition we adhere to the materials to improve transportation efficiency

ZERO Packaging Waste ambition through green and reduce environmental pollution caused by

design lightweight packaging recycling and packaging material waste. For raw materials

other strategies. such as malt and cornstarch we transport them

Chongqing Brewery Environmental Social & Governance Report 28ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO

Packaging Waste

GLASS DEBRIS

RECYCLED

We have been committed to the management of

glass debris generated in the packaging process.Glass debris is the main raw material for glass

bottles and we centrally sell the glass debris

generated during packaging to existing glass

bottle suppliers for remelting. In addition to

ensuring the quality of new glass bottles the

new glass liquid produced greatly reduce the

energy consumption required for glass bottle

production due to the lower melting point of

glass debris which reduces the demand for

raw glass materials (such as quartz stone and

alkali) from the source significantly reducing

resource consumption and environmental burden

and further promoting the recycling of glass

packaging.In 2024 we recovered 31346 tons of glass debris

reducing carbon emissions by approximately

26643 tons. In addition recycling of glass debris

also effectively reduces the glass waste into

landfills alleviates the pressure of solid waste

treatment protects the ecological environment

and enhances public awareness of resource

recycling.Chongqing Brewery Environmental Social & Governance Report 29ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PACKAGING MATERIAL RECYCLING

AND RECOVERY

We are committed to promoting the full recycling partitions and barrel beers in the packaging network to encourage distributors to expand

and reuse of packaging materials optimizing process and remelt aluminum scraps generated the coverage of bottle return and constantly

the packaging mix and reducing the impact of in the production process to make recycled cans promote the improvement of distributors' bottle

packaging materials on the environment. In the for secondary use. This year we focused on return performance. In 2024 our bottle return

production process we ensure that 100% of all recycling glass debris generated in the packaging rate increased by 3.6% compared to 2022

used and discarded waste cartons waste pallets process and selling it to glass suppliers for saving about RMB 33.90 million of recyclable

waste plastic boxes waste sacks and waste recycling effectively reducing the demand for packaging.plastic drums are recycled by local qualified third- virgin glass materials and the consumption of

party recyclers supporting small and medium- resources and energy. In 2024 we recovered

sized recyclers in the communities where the 31346 tons of glass debris 20365.41 tons of

brewery operates while effectively promoting waste cartons and 53987.5 tons of other waste

waste recycling. materials.In addition we fully recycle recyclable glass We carried out a number of bottle return

bottles glass slag plastic trays plastic boxes projects and optimized the bottle return

OUR TARGETS & PROGRESS

We have developed a systematic target tracking and improvement mechanism to monitor the progress towards goals and take special improvement actions. In 2024 through green packaging design lightweight

packaging packaging recycling and recovery and other measures we continued to improve the bottle return rate and packaging recycling efficiency constantly reducing resource waste and environmental pollution and

gradually promoting the goal of zero packaging waste by 2030.Progress in 2024 Status Planned Actions for 2025 2030 Targets

n response to consumer demands corresponding

Recycling of 31346 tons of glass debris Done countermeasures have been taken to meet customers'

expectations and take into account their preference factors.Expand the coverage of bottle return and improve the

Increase in bottle return rate by 3.6% from 2022 Done 100% recyclable reusable or renewable packaging

overall bottle return rate

We have carried out special actions focusing on reducing Continue to promote the packaging weight reduction project 90% collection and recycling rate for bottles and cans

weight of wrap film shrink film glass bottles corrugated Done and 9 breweries have officially switched to corrugated

cartons etc. and achieved positive progress. carton weight reduction project 50% reduction of virgin fossil-based plastic

By using bulk transportation instead of disposable plastic 50% recycled content in bottles and cans

woven bags we saved about 5 million plastic woven bags in

Continue to reduce packaging use and reduce carbon

2024 directly reducing the use of plastic packaging by about Done

emissions generated by long-distance transportation

500 tons equivalent to reducing carbon emissions by about

1500 tons.

Chongqing Brewery Environmental Social & Governance Report 30ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO Water

Waste STRENGTHEN WATER RESOURCE

RISK MANAGEMENT

Water is the source of life the key to production of water resources continuously promote the At present the global water resources distribution management and work with local communities

and the basis of ecology. As a responsible beer comprehensive control of water resources and is extremely uneven and different regions of to focus on controlling water-related risks of

company we are well aware of the precious and have achieved remarkable results in improving the world are facing varying degrees of water breweries located in high-risk areas9 by engaging

limited nature of water resources. In response to the efficiency of water use. In 2024 we saved pressure. To reduce the environmental impact in water rights trading water conservation and

the increasingly severe global water resources more than 76900 tons of water with an annual of our operations on water resources the water control etc. to improve water risk response

situation we attach great importance to the average water consumption reduced by 1.28% Company strictly abides by the Water Law of level and enhance the resilience of water

effective utilization and protection of water from 2023 to 2.09 hl/hl. The water consumption the People's Republic of China and other water resources management.resources. By continuously optimizing production inventory covers all our products. Currently five resources protection laws and regulations and

processes improving water recycling efficiency of our breweries have already taken a lead in continuously improves the water resources In 2024 for the seven identified high-risk areas

and strengthening water-saving management achieving our strategic goal of reducing the water management system. We regularly conduct in China we have put into use reclaimed water

we minimize water consumption and waste consumption to 2.0 hl/hl within the company water risk assessments analyze the extent of reuse projects at six breweries and the annual

and strive to achieve the goal of ZERO Water by 2030. Among them Dazhulin Brewery water resource shortage and take targeted weighted average water consumption per hl of

Waste by 2030 which includes the water usage in Chongqing has reached 1.7hl/hl of water prevention and monitoring measures to ensure beer produced at those breweries was 2.0 hl/hl.efficiency of 2.0 hl/hl in the Company 1.7 hl/ consumption achieving the goal of reducing to 1.7 long-term water availability. We attach great

hl at breweries in high-risk areas and 100% hl/hl by 2030 ahead of schedule demonstrating importance to the protection of water-scarce

replenishment of water usage at breweries in our commitment to practicing sustainable water regions. We continuously optimize water risk

high-risk areas to ensure sustainable use of resources management.water resources contributing to environmental

protection and long-term corporate development. OUR ACTION Water Usage in 2024

OUR STRATEGY Year Unit (hl/hl)We are well aware of the significance of water

resources management. We are committed to 2024 2.09

We focus on rational use of water resources. realizing the efficient use of water resources

Under the leadership of the CEO the VP and ecological balance in our breweries by

of Supply Chain is responsible for water strengthening water resource risk management

management strategy and performance. promoting water conservation projects improving

We have established a professional water water recycling efficiency and launching water

management team to systematically monitor replenishment projects so as to contribute to the

and optimize the use of water resources and protection of water resources and the promotion

introduced advanced water-saving technology of green development.to reduce water consumption in the production

process. We constantly improve the management

9 In 2020 the Group carried out water risk assessments and identified 17 high-risk areas seven of which are in China including Changzhou Chongqing Korla Yinchuan Kunming Urumqi and Wusu.

Chongqing Brewery Environmental Social & Governance Report 31ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

YINCHUAN BREWERY ONCE AGAIN LED THE TREND OF WATER RIGHTS ELIMINATING BREWERY WATER

Case REFORM IN NINGXIA AND SUCCESSFULLY COMPLETED THE SECOND WATER WASTE

RIGHTS TRANSACTION

Water conservation is crucial for protecting water spraying for bottles washing and other water-

resources maintaining ecological balance and saving measures. We also insist on regular

Following the first water rights transaction completed in 2023 Yinchuan Brewery once again joined hands ensuring the sustainable development of human maintenance and upgrading of production

with Ningxia Gongchuang Land Operation and Development Co. Ltd. in 2024. They signed a water rights society. We have always integrated the water- equipment every year to ensure its efficient

transaction agreement for 400000 cubic meters of water usage in Helan county Yinchuan city with a saving strategy throughout the entire production operation and reduce waste of water resources

total transaction amount of RMB 320000 successfully concluding the second water rights transaction. process including brewing and packaging. We and are committed to promoting sustainable and

This move effectively promotes the efficient use of regional water resources fully demonstrates Yinchuan have refined the water-saving goal to each high-quality economic and social development

Brewery's firm commitment to corporate social responsibility and environmental protection and sets a production level and effectively improved the by saving intensive and efficient use of water

new model for water rights reform and industry transformation and upgrading. utilization rate of water resources through resources.reclaimed water reuse projects quantitative

WUSU BREWERY STICKS TO GREEN BREWING AND ACHIEVES REMARKABLE

Case RESULTS IN WATER SAVING

Wusu Brewery in Xinjiang integrates the concept of green brewing in every link of its production

operation and development. It continuously promotes its internal fine management introduces advanced

and innovative water-saving technology and improves its ability of water resources management through

continuous optimization and upgrading of production equipment and process flow. Wusu Brewery applies

low-pressure dynamic boiling process to wort pre-heating packaging bottle washing and other processes

in the brewing workshop to reduce heat energy consumption and prevent steam overflow. A secondary

steam recovery unit is also installed to recycle the steam including water and convert most of the heat

energy into hot water saving about 4000 tons of water per year.Ningxia Brewery

Wusu Brewery's production line

Chongqing Brewery Environmental Social & Governance Report 32ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO

Water Waste

"WATER

REPLENISHMENT" WITH

WWF IN THREE PLACES

IN CHINA

At the 2024 Yangtze River Conservation and

Development Forum held in Chongqing we

announced the launch of the Yangtze River Basin

Water Replenishment Program in collaboration with

World Wide Fund for Nature with the first batch

of projects being wetland restoration and water

purification in Chongqing Yunnan and Jiangsu to

help protect and develop the Yangtze River.Each of the three wetland projects has its own focus.The Yunnan project located in Xundian county

Kunming will improve the local wetland landscape

and enhance the habitat quality of black-necked

cranes (the only crane species that lives in the

plateau region all its life in the world). The Chongqing

project purifies domestic sewage by renovating

and constructing new wetlands in Liangping district

and Chengkou County. The Jiangsu project focuses

on improving wetland biodiversity and purifying

aquaculture wastewater in the Shezhu River basin.By the end of 2024 5/6 of the projects have been

completed. The Limnotech certified amount of water

replenishment reached 365000 cubic meters and

more than 23000 square meters of wetland area

has been restored and added. It is expected that by

May 2025 these projects will be fully completed and

begin to continuously play a role.Small and micro wetland project in Liangping district Chongqing

Chongqing Brewery Environmental Social & Governance Report 33ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

IMPROVE THE WATER RECYCLING PROTECTION AND REPLENISHMENT Data on Water Resources in 2024

EFFICIENCY OF SHARED WATER SOURCES

The water resources recycling efficiency is an The health of river basin ecosystems is crucial to Indicators Unit 2024

important index to measure the sustainable the sustainable development of local economy In 2024 the Company won a number of

Own boreholes m3 324303.00

use of water resources. The Company actively and society. We attach great importance to water-saving honors:

promotes the recycling of water resources in the ecological environment of the river basins Municipal water m3 5461339.87 Carlsberg (China) Breweries and

major breweries and continuously promotes the in our operation areas and are committed to Trading Company Limited

application of reclaimed water reuse system. jointly promoting water source protection and Surface water m3 402551.00 won the title of 2024 National "Water

The reuse of reclaimed water in the breweries for ecological restoration through public welfare Efficiency Leader"

greening toilets flushing and equipment cooling environmental protection projects and close Total water use m3 6188193.87

can reduce wastewater discharge and improve cooperation with stakeholders on the basis of

the reuse efficiency of water resources. This year continuous implementation of the ESG program Total water m3 6047607.98

consumption

the reclaimed water reuse system has been put so as to contribute to the ecological protection

into use in Urumqi Brewery Wusu Brewery and sustainable development of the river basin. Total water m3/RMB

Yining Brewery Yinchuan Brewery Dazhulin consumption 10000 in 4.13

Brewery Liangping Brewery Kunming Brewery intensity revenue

Korla Brewery and other breweries. In 2024 the

cumulative amount of reclaimed water reuse

reached 225600 tons.OUR TARGETS & PROGRESS

We have developed a systematic target tracking and improvement mechanism to monitor the progress towards goals and take special improvement actions. In 2024 we continued to contribute to the achievement

of the goal of ZERO Water Waste by 2030 by promoting water-saving projects introducing innovative water-saving technologies optimizing and upgrading production equipment and processes and promoting water

source protection and ecological restoration.Progress in 2024 Status Planned Actions for 2025 2030 Targets

Putting Foshan "sponge plant" into production Done

Water saving transformation by using advanced technology Continue to carry out water resource risk assessment and

process and equipment. Over 76900 tons of total water carry out water-saving projects for breweries in high-risk areas

Done

saving in 2024 with an annual average water consumption Water usage efficiency of 2.0 hl/hl in the Company and 1.7

per hl of beer produced of 2.09 hl/hl down 1.28% from 2023 hl/hl at breweries in high-risk areas

Water rights trading

Carry out water rights trading.Implementation of reclaimed water reuse with total amount of Done Continue to invest in reclaimed water reuse 100% replenishment of water usage at breweries

reclaimed water reuse reaching 225600 tons in 2024 in high-risk areas

Water replenishment projects in Chongqing Yunnan and Jiangsu Complete the Yangtze River Basin Water Replenishment

Done

to replenish 365000 m3 of water in 2024 Projects so that they can start to continuously play a role

Chongqing Brewery Environmental Social & Governance Report 34ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO Irresponsible

Drinking

As consumers pay more and more attention to Under the ZERO Irresponsible Drinking initiative ENCOURAGING EMPLOYEES TO PROMOTING SAFE DRIVING

health the demand for healthy consumption we are committed to realizing 100% coverage DRINK ALCOHOL IN MODERATION We are committed to building a social consensus

is growing. We have always advocated and of responsible drinking messaging through To deepen the construction of responsible on safe driving resolutely resisting drunk driving

practiced the social responsibility of responsible packaging and brand activities establishing drinking culture within the company we have and advocating responsible and civilized driving

drinking actively promoting responsible drinking responsible drinking partnerships in 100% of our developed the Employee Manual which among the public. Over the years we have

and enhancing the public's cognition and markets and upgrading 35% of our brews across explicitly requires employees to abide by the carried out "no drunk driving" campaign at

awareness of healthy drinking.As a leading beer the globe to low alcohol or alcohol-free products initiative of responsible drinking not to drink the Taihu Bay Music Festival Xixia Star Music

company in the industry we are well aware of (ABV≤ 3.5%) before 2030 so as to promote alcohol during work hours and to promote the Festival Wusu Beer Music Festival and other

the impact of alcohol consumption on health so the industry to achieve stable healthy and benefits of moderate drinking in communications activities publicizing the importance of safe

we keep innovating alcohol-free and low-alcohol sustainable development. that promote beer products. We also require driving enhancing consumers' awareness of safe

products to meet the healthy and diversified marketing-related employees to complete driving and actively advocating responsible and

needs of consumers. We focus on "no drunk OUR ACTION the study and training of the Marketing civilized driving among the public.driving" "no underage drinking" "responsible Communication Policy 10 during their orientation

drinking" and other aspects of education and

publicity activities to guide consumers to By encouraging responsible behavior to

and review it annually to form the concept of

establish a scientific and healthy concept of employees and the public and strictly

responsible drinking.alcohol enjoying encourage them to treat alcohol implementing responsible marketing we

consumption rationally while enjoying beer continuously promote the popularization of

culture and jointly create a civilized healthy and responsible drinking concepts advocate a healthy

harmonious alcohol consumption environment. lifestyle and create a better life experience for

consumers.OUR STRATEGY ENCOURAGING RESPONSIBLE INNOVATIVE CROSSOVER COLLABORATION TO COMMUNICATE RESPONSIBLE Case DRINKING TO MORE CONSUMERS

BEHAVIOUR

We actively respond to the country's responsible

drinking initiative and are committed to In 2024 Carlsberg carried out innovative To fully protect the health and safety of

promoting a responsible and rational drinking cooperation with Meituan a Chinese tech employees and the public the company actively

culture advocating a healthy and quality retail company to attract more consumers to fulfills its social responsibility as an alcohol

lifestyle and shaping a healthy and responsible participate in responsible drinking campaigns enterprise by promoting a culture of responsible

brand image in the industry. We strictly follow by leveraging Meituan's high-traffic commercial drinking and safe travel. This is achieved through

the Group's Marketing Communication Policy 10 areas. Carlsberg also jointly launched a digital internal initiatives encouraging employees to

implement responsible marketing norms activation project with Meituan Takeaway drink responsibly and external collaborations

resolutely resist drunk driving underage drinking where consumers get the chance to learn about guiding the public towards safe driving.and other improper conducts and communicate the concept of responsible drinking by simply

correct and healthy drinking values. scanning the QR code creating an interactive and

convenient experience for consumers. Responsible drinking

10 https://carlsbergchina.com.cn/media/js4hdoxr/marketing-communication-policy_eng_sep-2019.pdf

Chongqing Brewery Environmental Social & Governance Report 35ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO 2024

Irresponsible Drinking

"SAY NO TO DRUNK 全

DRIVING" THEMED 国 Be Rational & ResponsibleNo Drinking & DrivingNATIONAL RESPONSIBLE

DRINKING AWARENESS

WEEK 理

Since its establishment in 2015 the Alcohol and

Social Responsibility Promotion Committee of 性

China Alcoholic Drinks Association has organized

the National Responsible Drinking Awareness

Week activities for nine consecutive years

around the three themes of no drunk driving no 饮

underage drinking and responsible drinking. It

is committed to communicating the concepts of

"be rational & responsible no drinking & driving" 酒

"care for growth and no alcohol for minors" and

"drink moderately and live happily" to the public

and consumers. 宣

In this year the Company continued to

participate in 2024 National Responsible Drinking 传 2024“全国理性饮酒宣传周”Awareness Week. We invited 11 spokespersons 公益作品征集大赛

including Zhao Lusi Yu Shi GAI (Zhou Yan) and

Summer (Jike Junyi) to jointly shoot initiative

videos vigorously advocating the concept of "be 周

rational & responsible no drinking & driving" and

jointly promoting the popularization and practice

of responsible drinking culture.Chongqing Brewery Environmental Social & Governance Report 36

National Responsible Drinking Awareness WeekABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

EXPANDING CHOICE WITH NO- AND LOW-ALCOHOL BREWS RESPONSIBLE MARKETING

To meet the needs of consumers for healthy WFSM low-alcohol series in 2023 to provide We resolutely advocate responsible marketing INFORMATION ON INGREDIENTS

and diversified products the Company keeps consumers with healthy and diversified choices behavior and implement strict standards and

promoting the innovative R&D of alcohol- and meet the individual needs of different norms for product labeling and clear messaging In strict compliance with the Marketing

free and low-alcohol beer products constantly consumers. The alcohol-free and low-alcohol to ensure the rationality and compliance of Communication Policy we indicate the real

broadening the category boundaries to achieve brews that we have put into mass production and marketing methods and contents providing ingredient information shelf life alcohol content

a more diversified brew matrix. We launched sold in 2024 are as follows: consumers with clear explicit and reliable product standard and grade on the product

product information putting an end to false labels to ensure the authenticity and accuracy of

information and misleading promotional content product information and help consumers make

informed choices.Name of brew ABV Type Place of origin and effectively safeguarding the legitimate rights

and interests of consumers.Chong Qing 0.0% alcohol-free beer <0.05%vol Alcohol-free Chongqing

CLEAR MESSAGING TRAINING ON RESPONSIBLE MARKETING

WFSM lemon-flavored low-alcohol beer 0.6-1.5%vol Low-alcohol Kunming Huashi To enhance consumers' awareness of responsible To regulate internal responsible marketing

drinking we take the initiative to give potential behavior in all aspects we constantly strengthen

Jolly Shandy lemon-flavored low- Huizhou

0.6-1.5%vol Low-alcohol risk tips by labelling all our products with the the publicity and training for responsible

alcohol beer Guangdong

words "Excessive drinking is harmful to health" marketing and require all marketing related

WFSM peach blossom-flavored low-

0.6-1.5%vol Low-alcohol Kunming Huashi guiding consumers to develop the concept employees to complete the study and training

alcohol beer

of rational consumption. We also constantly of the Marketing Communication Policy during

improve the product identification system by their orientation and review it annually to ensure

adding "Pregnant women are prohibited from that the marketing content meets the standards

drinking" "Minors are prohibited from drinking" of the Company. We have also incorporated

"No driving after drinking" and other messages the Marketing Communication Policy into the

on our 100% alcohol products and adding cooperation agreement with the distributors

responsible drinking related reminders on the and the suppliers of the Marketing Department

product introduction pages on online sales requiring them to strictly follow our responsible

platforms to effectively implement the principles drinking initiative in their marketing activities.of responsible marketing.CAMPAIGNS ON RESPONSIBLE DRINKING

To further promote the construction of a healthy

and responsible drinking culture we actively

organize campaigns such as beer festivals and

music festivals to communicate the concept of

healthy and responsible drinking to the public

and consumers by setting up "responsible

drinking" spots placing innovative billboards

organizing fun games and other means so as to

enhance public awareness of responsible drinking

and enable stable and sustainable development

of the beer industry.Chongqing Brewery Environmental Social & Governance Report 37ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Case "RESPONSIBLE DRINKING" SPOTS AT MUSIC FESTIVAL

From July 20 to July 21 2024 Xixia Star Music

Festival was staged in Xixia Beer Music Sports

Park in Helan county Yinchuan. Well-known

musicians and bands including Zhao Lei Xu Wei

Chen Chusheng and Landlord's Cat formed a

group of "stars" bringing consumers an audio-

visual feast. We set a number of "responsible

drinking" spots on the scene advocating

consumers to enjoy music while consciously

maintaining a healthy lifestyle so that they drink

in moderation and put safety first.Responsible Drinking publicity spots at Xixia Star Music Festival

OUR TARGETS & PROGRESS

We have developed a systematic target tracking and improvement mechanism to monitor the progress towards goals and take special improvement actions. In 2024 we continued to promote innovative R&D of no-

and low-alcohol products further improved the responsible drinking label information and actively participated in the National Responsible Drinking Awareness Week to contribute to the goal of ZERO Irresponsible

Drinking by 2030.Progress in 2024 Status Planned Actions for 2025 2030 Targets

Incorporation of 3 responsible drinking labels on 100% Continue to promote the full coverage of responsible 100% responsible drinking messaging through packaging

Done

packaging drinking messaging and brand activations

Active communication of the concept of responsible drinking

by actively participating in the National Responsible Drinking Develop consumer campaigns and expand responsible 100% of our markets run partnerships to support responsible

Done

Awareness Week in cooperation with China Alcoholic Drinks drinking partnerships across our markets consumption

Association

Launch of 1 alcohol-free beer Done 100% availability of alcohol-free brews (AFBs)

Continuously develop and launch non-alcoholic products.

35% of our beers from the Company are low-alcohol or

Launch of 3 low-alcohol products Done

alcohol-free (ABV ≤ 3.5%)

Chongqing Brewery Environmental Social & Governance Report 38ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO Accidents

Culture PROGRESS TOWARDS ZERO

ACCIDENTS

We are well aware that ensuring the health and attach great importance to the health and safety systems such as the Occupational Health We continuously improve our internal health

safety of employees is the cornerstone of the of our and third-parties' employees. Under the Management Procedures and the Employee and safety assessment system monitor and

sound development of enterprises and it is also leadership of the CEO the VP of Supply Chain Health and Happiness Procedures as well as the improve the safety management level in a

the bottom line that we adhere to. We adhere to is responsible for the health and safety strategy Life Saving Rules (LSR) on occupational health systematic way implement work safety practices

the ZERO Accidents Culture ambition by strictly and performance and continuous improvement which clarifies safety management regulations keep optimizing safety emergency response

abiding by national production safety regulations of occupational health and safety management. in five high-risk operation types to protect the mechanism strengthen employees' safety

in all operations and effectively implementing the We strictly abide by the Law of the People's occupational health of employees. awareness and ability incorporate safety culture

project safety management process and norms Republic of China on Work Safety and the Law into our operations and build a more stable and

to ensure the health and safety of breweries of the People's Republic of China on Prevention OUR ACTION efficient work safety environment.warehouses offices roads and other places and and Control of Occupational Diseases. We by

create a safe healthy and comfortable working referring to the Carlsberg Operation Manual We always put the safety and health of

environment for employees. We are committed (COM) and the Health and Safety Policy 11 have employees in the first place. We provide a

to achieving the goal of ZERO Accidents Culture also formulated 63 management systems and safe and comfortable working environment

by 2030. procedures including the Environmental Health for employees by establishing a sound work

and Safety (EH&S) Policy and the Environmental safety management system and implementing

OUR STRATEGY & Occupational Health Management Manual to strict occupational health and safety protection

continuously improve the safety management measures and are committed to creating a zero

systems providing standardized guidelines for the

We always adhere to the core value of protecting accident workplace to provide comprehensive

Company's safety production work. In addition

the health and safety of our employees and health protection for employees.we have formulated internal management

LSR1 LSR2 LSR3 LSR4 LSR5

Always abide by traffic Always follow the Never remove or damage Always comply with Always adhere to the

rules whether on the lockout/tagout procedure the safety protection the procedures for procedures and

company premises or on devices of equipment or working at heights requirements for entering

public roads bypass the safety interlocks confined spaces

Five major types of the Life Saving Rules

11 https://www.carlsbergchina.com.cn/media/yamdawjz/health-and-safety-policy.pdf

Chongqing Brewery Environmental Social & Governance Report 39ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ZERO

Accidents Culture

ZERO ACCIDENTS CULTURE

BUILT BY HOLDING

SAFETY DAY ACTIVITIES

FOR 14 YEARS IN A ROW

We are moving steadily towards the goal of ZERO

Accidents Culture. For 14 years in a row we insist

on pressing the production pause button on the

Safety Day i.e. December 12 of each year calling

for all employees to participate in the building of

safety culture. On that day we hold various online

and offline activities in plants and office areas of

all breweries and the management takes the lead

in participating in the activities at various locations

to enhance the safety awareness of employees

and create a work safety atmosphere.In 2024 with the theme of "Leading with care"

we organized a series of activities such as safety

lectures driving training and practical exercises.Lee Chee Kong president of the Company

stressed that "The core of the ZERO Accidents

Culture is people. Employees are not only the

subjects of risk prevention but also the creators of

safety culture."

From January 20 2024 to January 20 2025 the

Company achieved zero accidents nationwide

for 12 consecutive months for the first time. This

achievement benefited from the participation of

all employees in hidden danger investigation and

safety observation the implementation of a series

of safety projects and the established safety

culture that cares for and depends on each other.Chongqing Brewery Environmental Social & Governance Report 40ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

SAFETY ASSESSMENT SYSTEM

In strict accordance with the Carlsberg Operation We have organized comprehensive risk for other identified risks such as chemical risk

Manual (COM)standards we have established a assessments and periodic reviews of all our ergonomics risk cut risk slip and fall risk we

systematic and standardized SHAPE (Safety and positions and operations. In view of the potential have developed special management procedures

Health Assessment Program Excellence) system occupational safety risks identified we apply for continuous mitigation and control. 100%

for the health and safety of employees. This classified management measures. Among them

of our breweries have certified ISO

system consists of the EHS maturity assessment 11 types of high-risk operations must follow the We constantly promote the safety management

45001 occupational health and safety

system and a self-assessment and rectification work permit system; five risks i.e. traffic risk risk system certification of our breweries and

management systems

mechanism. We also constantly optimize the EHS of working at heights hazardous energy isolation schedule an annual internal audit and a three-

management system of the Company according risk mechanical protection risk and confined year external audit for 100% of our breweries.to the specifications of the operating locations to space entry risk are included in the LSR scope; As of the reporting period we ensured that

ensure the health and safety of employees. 100% of our breweries passed the ISO 45001

occupational health and safety management

system certification.The SHAPE assessment system

As the Company's comprehensive EHS management system the SHAPE assessment system

integrates 63 procedures such as EHS management procedures safety and health management

procedures and environmental management procedures to systematically improve the health

and safety management level of all breweries. We update and iterate the system every year

based on actual needs and carry out annual system audits for all breweries to continuously

strengthen safety control.SHAPE EHS maturity assessment system

Through the EHS maturity assessment system we assess the maturity in four aspects: EHS

management system and structure safety and health indicators environmental indicators

and culture and awareness. In assessing the maturity of safety and health indicators we

audit and improve the indicators such as high-risk operating procedures traffic safety

protective measures occupational health basic safety and toxic substances. Additionally we

prioritize environmental sustainability by evaluating and enhancing various safety indicators

including environmental compliance utility consumption reduction and the implementation of

environmental projects. The system clarifies the rating requirements of each safety indicator

and help us identify our deficiencies and potential risks in EHS system management and guide

us in making further improvements.SHAPE self-assessment and rectification mechanism

Every year relevant employees are required to conduct a COM self-assessment on relevant

ISO 45001 Occupational Health

procedures and health and safety measures. By reviewing their own practices facilities and

and Safety Management System

equipment to ensure they meet the requirements of the mechanism employees identify items

Certificate dated 2024

that need correcting until it is ensured that all work practices comply with our occupational

health and safety management system.Chongqing Brewery Environmental Social & Governance Report 41ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

SAFETY PRACTICES LINKED TO EMPLOYEE

PERFORMANCE

To achieve the ZERO Accidents Culture ambition hazards pay attention to the safety of workers Conducting safety inspections Improving In-Plant Traffic Safety

the Company requires the management to around them and remind them in time and

lead by example and encourages extensive enhance the safety responsibility awareness of We attach importance to the safety production Focusing on logistics areas which are the

participation by all employees. We have all employees and the safety culture of mutual environment management of our breweries. highest-risk zones within breweries with the

established KPIs related to the ZERO Accidents concern. We strictly regulate the work safety standards highest accident rates and severity we have

Culture ambition covering all levels of of employees and actively implement safety implemented the "Three-Zone Traffic Division"

management including the CEO VPs and WORK SAFETY PRACTICES inspections safety rectification and other measures. concept. This approach divides the brewery into

GMs at each business unit. We incorporate the We also carry out self-assessment of safety pedestrian-restricted zones vehicle-restricted Continuously strengthening work safety practices

"ZERO Lost-time Accidents" indicator into the standards to identify deficiencies and rectify zones and shared pedestrian-vehicle zones and actively implementing a series of safety

performance assessment to implement the safety them based on the health and safety related minimizing the scope of shared zones as much measures we take comprehensive measures to

responsibility system enhance their awareness requirements issued by SPRINT the Group's online as possible. By applying spatiotemporal isolation ensure the utmost safety and well-being of our

of safety and further lower risks in health and system. In 2024 the Company conducted 135652 requirements and active pedestrian-vehicle employees and continue to create a sound work

safety. on-site safety inspections at the supervisor level to defense systems we aim to eliminate traffic safety environment.improve the level of risk control in safe production safety hazards at the source and ensure the

We adhere to a strict policy of zero tolerance for areas. As of the end of the reporting period the health and safety of employees. The "Three-Zone

concealment of safety incidents. Even if it is a Offering personal protective overall self-assessment compliance rate of safety Traffic Management" has been fully implemented

near-miss accident we carry out investigations as equipment (PPE) standards reached 99.2% of which the compliance in the logistics areas of our breweries in China.required and take necessary countermeasures to rate of key requirements reached 98.9%.mitigate and control risks and prevent accidents. We implement comprehensive management

protocols for PPEs provide PPEs to designated Case 100% ON-BOARD TRANSPORTATION IN XINJIANG PLANT TO IMPROVE EHS EFFICIENCY

To strengthen the implementation of safety employees prominently display signage requiring

management we have formulated a sound its use in all workstations and areas and conduct

health and safety reward and punishment In 2024 our Xinjiang plant successfully achieved 100% on-board transportation becoming the first periodic inspections. We also organize relevant

system to warn and punish violations of safety business unit of the Company to achieve this goal. This initiative not only significantly improves employees to participate in annual safety

management regulations and reward behaviors operational efficiency but also has a profound impact on health and safety.training comprehensively ensure the effective

that meet safety norms. We also link the implementation of safety protection measures On-board transportation refers to placing goods directly on pallets for transportation and loading/

reporting rate of safety observations to individual in the production process and strengthen unloading avoiding the use of traditional manual handling or push and pull devices. It reduces

and team incentive indicators to encourage occupational health and safety management. manual intervention greatly mitigates the safety risk especially in the finished product warehousing

employees to actively identify and report safety and loading and unloading link and effectively realize the separation of people and vehicles and

the division of three zones of the finished product warehouse ensuring the health and safety of

employees.Xinjiang BU's on-board transportation

Chongqing Brewery Environmental Social & Governance Report 42ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

TRAINING A SAFETY-FIRST MINDSET

TRANSFORMATION OF AMMONIA To eliminate the potential safety hazards We attach great importance to the cultivation handling and disposal ammonia refrigeration

REFRIGERATION SYSTEMS of ammonia refrigeration stations we have of work safety culture and responsibility system safety and other content. During the

upgraded and replaced the existing equipment consciousness of employees. To continuously reporting period employee participation in

Through special investigation over the compliance an d facilities with potential safety risks such improve the safety awareness and response the Basic Safety and Emergency Response

and hidden dangers of ammonia refrigeration as low pressure circulation drums ammonia capabilities of employees we have developed Orientation course the Personal Protective

system safety in refrigeration stations we components ammonia pumps and valve a sophisticated safe production training system Equipment course the Hearing Conservation

identified the safety risk points existing in pipelines and optimized and renovated key according to laws and regulations and the course the Chemical Handling and Disposal

breweries with ammonia refrigeration stations facilities including emergency fans ammonia characteristics of different posts including 30 course and the Ammonia Refrigeration System

built in early years and according to the COM leakage alarm systems emergency lighting courses covering topics such as hazardous Safety course reached 3684 3306 1876 2555

requirements of the Group national ammonia double-seat safety valves emergency ammonia waste management chemical handling and and 230 respectively.refrigeration standards and specifications and discharge ponds spray systems fire hydrants storage and mechanical protection safety. As

special treatment technical instructions etc. storage tank staircases and other facilities to of December 31 2024 a total of 442 managers

In addition we continued to improve our

we checked these breweries from four aspects: eliminate various safety risks. In addition we and engineers in China had participated in EHS

breweries' MERP (Medical Emergency Response

operation management and inspection electrical carried out strict non-destructive inspection of training course Certified Instructor Program.Process) equipped all breweries and major

and safety facilities refrigeration and auxiliary in ternal quality of welds pressure strength and administrative offices with Automated External

facilities to ensure the safety and stability of air tightness test vacuum test ammonia filling

In addition we carry out targeted special Defibrillators(AEDs) and actively conducted

system operation. test etc. ensuring the tightness and safety of the

occupational health and safety protection training China Association for Disaster & Emergency

system equipment pipeline valves and facilities

for people exposed to different occupational Rescue Medicine (CADERM) first aid responder

thus reducing the probability of accidents.hazards covering basic safety and emergency certification training to further improve the

response orientation personal protective emergency rescue ability of employees and

equipment hearing conservation chemical comprehensively protect their health and safety.

5 breweries have had no lost-time accidents for more than 10 years

16 breweries have had no lost-time accidents for more than 5 years

21 breweries have had no lost-time accidents for more than 3 years

Foshan Brewery has 2 million safe working hours equivalent to a 100-person brewery without accidents for 10 years

From January 20 2024 to January 20 2025 BUs nationwide achieved no lost-time accidents for 1 year for the first time

Chongqing Brewery Environmental Social & Governance Report 43ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Case INTENSIFIED DRIVING TRAINING TO PROTECT THE HEALTH AND SAFETY OF EMPLOYEES OCCUPATIONAL HEALTH AND SAFETY

Placing great importance on the occupational

In 2024 we stepped up driving safety training for employees with a total of 427 employees health and safety of employees and contractors

participating in light vehicle defensive driving hands-on training and 213 employees completing two- we continuously improve the level of occupational

wheeled motor vehicle defensive driving hands-on training. The courses were designed to enhance health and safety management and actively

employees' driving skills and safety awareness and help them better cope with potential risks in implement comprehensive occupational health

complex road conditions. and safety protection measures to ensure a

healthy and safe working environment in multiple

Defensive driving training not only teaches practical skills on how to avoid accidents but also gives dimensions.employees the ability to deal with emergencies by simulating real scenarios. Two-wheeled motor

vehicle driving training specifically improves riding safety and reduces the risk of accidents caused

by improper operation or external interference. The training further reduces the probability of traffic

accidents while contributing to a safer work environment and community. OCCUPATIONAL HEALTH AND SAFETY

MANAGEMENT MEASURES

To protect the health and safety of our

employees we have taken the following regular

measures:

Organizing physical check-ups:

Based on risk types of occupational exposure required for personnel in different

positions we clarified the occupational health check-up items that personnel in

each position need to undergo conduct pre-job on-job post transfer and off-job

occupational health examination for employees in positions exposed to occupational

hazards according to relevant national laws and regulations and provide benefits

such as preemployment and annual physical exams for all employees.Monitoring occupational hazards:

Driving training

By enhancing the monitoring and evaluation of occupational hazard factors to

accurately identify occupational hazard positions and factors we take corresponding

measures to effectively prevent occupational diseases and reduce the risk of

IMPROVE THE SECURITY EMERGENCY RESPONSE MECHANISM

occupational hazards.We focus on timely response and effective measures can be taken promptly in the event

management of emergencies. We have of work-related accidents to fully guarantee

established a dedicated emergency response the safety of employees. This mechanism

mechanism to address work-related injury involves analyzing the causes of the accidents Conducting health trainings:

incidents continuously improved the quality of and delivering effective solutions to enhance

We popularize health knowledge among employees on various topics such as first

the preparation and execution of Job Safety occupational health and safety management

aid basic safety knowledge seasonal disease prevention health maintenance to

Analysis (JSA) and Permit To Work (PTW) and which would avoid similar incidents from raise their awareness of healthy living.improved the emergency handling ability of happening again thus mitigating the risk of

employees to ensure that effective emergency future occurrences.Chongqing Brewery Environmental Social & Governance Report 44ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

CONTRACTOR SAFETY MANAGEMENT

We are well aware of the significance of the and the use of production tools and personal

occupational health and safety management protective equipment. We conduct annual Security investment in 2024 Accidents in 2024

of contractors. We organize all contractor health and safety performance assessments for

2024

employees to participate in pre-work health and long-term contractors or upon completion of Indicators Unit Indicators Unit 2024 datadata

safety training and examination regarding risk contractor projects to ensure the work safety of

control safety inspection and special internal contractors. Work-related injury Number of lost-time RMB10000 530.83 / 2

insurance premium accidents of employees

procedures and require them to complete

the training in advance ensuring they fully

The Company had two security incidents in 2024. Work-related injury Number of employee

understand and strictly implement the safety % 100 / 0insurance coverage fatal accidents To avoid the recurrence of similar accidents we

operation process. In addition we are committed

have adopted countermeasures such as "stay Safety production

to continuously strengthening the safety Number of lost-time

focused" communication training risk assessment liability insurance RMB10000 98.83 / 0

management capabilities of the contractor team accidents of contractors

of relevant equipment and formulation and premiu

and improving the compatibility and collaborative

implementation of special transformation Safety production

efficiency of the contractor teams to Carlsberg Number of contractor

programs to strengthen employees' safety liability insurance % 100 / 0

EHS requirements. Additionally we have fatal accidents

awareness and build a strong production safety coverage

developed health and safety entry standards

defense line.for contractor workers management personnel

OUR TARGETS & PROGRESS

We have developed a systematic target tracking and improvement mechanism to monitor the progress towards goals and take special improvement actions. In 2024 we promoted the work safety culture building by

strengthening work safety and implementing occupational health and safety measures to contribute to the goal of zero lost-time accidents by 2030.Progress in 2024 Status Planned Actions for 2025 2030 Targets

Continue to improve occupational health and safety

ISO 45001 occupational health and safety management

Done management systems and conduct internal and external

system certification for all our breweries

audits on a regular basis

Participation in EHS training courses by a total of 442

managers and engineers nationwide Done Achieve high quality safety training for all employees

ZERO lost-time accidents

135652 on-site safety inspections by supervisory-level staff at Continuous elimination of potential security risks

Done

breweries nationwide

Equip employees with protective equipment and continue to

upgrade safety facilities and equipment

In 2024 decrease of the number of lost-time accidents

involving employees and contractors to 2 down 92% from Done

2018

Chongqing Brewery Environmental Social & Governance Report 45ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

KEY FOCUS

AREAS

We adhere to the philosophy of green operation.While providing consumers with quality products

and services we are committed to creating a

diverse equal and inclusive working environment

for employees to give fully play to their talents.We also grow together with our partners to

achieve mutual benefit and win-win results. In

addition we ensure compliance and independence

in our management and actively fulfill our

corporate social responsibility to contribute to the

sustainable development of society.EMISSIONS MANAGEMENT 47

PRODUCTS AND SERVICES 50

DIVERSITY EQUITY & INCLUSION 54

RESPONSIBLE SOURCING 60

COMMUNITY ENGAGEMENT 62

COMPLIANCE MANAGEMENT 64

Chongqing Brewery Environmental Social & Governance Report 46ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

EMISSIONS MANAGEMENT

We adhere to the philosophy of green operation. by Solid Wastes and other laws and regulations including the Environmental Compliance the on the national emission permit management

While providing consumers with quality products and we strictly control emissions. We follow the Energy and Water Consumption and Reduction. information platform. In 2024 we were not

services we are committed to creating a diverse equal Company's Environmental Policy which applies We regularly carry out emergency drills for subject to any major administrative penalties or

and inclusive working environment for employees to to all management employees contractors environmental emergencies optimize emergency criminal liabilities due to pollutant emissions had

give fully play to their talents. We also grow together visitors and employees and organizations plans when necessary and constantly improve no emergent major environmental incidents or

with our partners to achieve mutual benefit and win- working in external locations. We commit to the ability to control emergent environmental excessive emissions and 100% of our breweries

win results. In addition we ensure compliance and continuous improvement of environment-related risks. In addition we have developed have passed the ISO 14001 environmental

independence in our management and actively fulfill standards. We communicate and convey policies environmental monitoring programs and risk management system certification.our corporate social responsibility to contribute to the to all in line with our strategy vision and related management measures and published them

sustainable development of society. goals and maintain a certified environmental

management system to ensure the prevention

and control of potential environmental hazards

EMISSIONS from our activities.MANAGEMENT In 2024 we had

We constantly improve our environmental

In strict compliance with the Environmental management systems and actively invest in No 100%

Protection Law of the People's Republic of China waste gas treatment waste water treatment any major administrative penalties

the Water Pollution Prevention and Control solid waste treatment and other complete of our breweries have passed the ISO or criminal liabilities due to pollutant

Law of the People's Republic of China the emission reduction equipment to control the 14001 environmental management

Atmospheric Pollution Prevention and Control impact of solid waste waste gas and noise. emissions system certification

Law of the People's Republic of China the Law

of the People's Republic of China on Noise We regularly carry out environmental impact

Pollution Prevention and Control the Law of the assessment and based on the assessment results No

People's Republic of China on the Prevention we have developed 13 internal management major pollution incidents occurred

and Control of Environment Pollution Caused procedures related to environmental impacts

No

excessive

emissions

ISO 14001:2015 Environmental Management Energy Management GB/T 24001-2016 of our

System Certification System certificate breweries

Chongqing Brewery Environmental Social & Governance Report 47ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

WASTEWATER MANAGEMENT Types of Pollutants in Wastewater and Related Data in 2024

Based on the goal of ZERO Water Waste we standard. We have implemented reclaimed water Pollutants Unit Data of 2024

strengthen waste water management. In line reuse projects to reduce COD odors and suspended

with the Law of the People's Republic of China solids in wastewater through advanced treatment Ammonia tons 16.36

on Prevention and Control of Water Pollution the and reduce pollutants in wastewater. We also

Discharge Standard of Pollutants for Beer Industry transport sewage to sewage treatment plants Total phosphorous tons 6.06

and other laws and regulations we strictly control which not only realizes resource utilization but Suspended solids tons 132.63

the whole process of sewage treatment. We also reduces the energy consumption of sewage

cooperate with professional sewage treatment third treatment in our breweries so as to achieve a COD of raw sewage from per hectoliter of beer produced kg/hl 0.30

parties and have partnered all of our breweries win-win situation between breweries and sewage

with well-run sewage treatment stations where treatment plants. In 2024 we implemented brewing Amount of sewage from per hectoliter of beer produced hl/hl 0.95

automatic monitoring facilities are installed to wastewater resource utilization projects in 6

3

monitor the discharge indicators in real time to breweries. Average COD of raw sewage g/m 79246.67

ensure that the wastewater is discharged up to

Total sewage discharge m3 2750942.48

SOLID WASTE MANAGEMENT

In strict compliance with the Law of the People's collect and transfer according to the classification

Republic of China on the Prevention and Control and store them in the hazardous waste warehouse

of Environment Pollution Caused by Solid Wastes to wait for unified treatment by a qualified third

and other waste related laws and regulations party. We have also established the hazardous

all our breweries comply with the management waste generation ledger and transfer disposal

regulations of local waste and garbage ledger to ensure its effective disposal tracking and

classification and are committed to reducing and management. In 2024 Urumqi Brewery won the

minimizing waste generation avoiding any form of title of "Waste-free Enterprises".uncontrolled waste disposal and waste treatment

inside and outside breweries. We further regulate In 2024 100% of waste materials such as waste

the collection storage and disposal management cartons waste pallets waste plastic boxes waste

of various wastes in the daily production process woven bags waste plastic buckets used in the

to reduce negative impact on the environment. production process at our breweries were recycled

For non-hazardous wastes we strictly implement by local qualified third-party recyclers. This not only

garbage classification regular recycling and recycles the waste and reduces the pollution caused

transportation at fixed point to recycle and reuse by landfill or incineration but also supports small

renewable resources. For hazardous waste we set and medium-sized recyclers in the communities

the collection range of hazardous wastes clean up where our breweries operate.Chongqing Brewery Environmental Social & Governance Report 48ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Case URUMQI BREWERY WON THE TITLE OF "WASTE-FREE ENTERPRISES" WASTE GAS MANAGEMENT NOISE MANAGEMENT

We adhere rigorously to the Atmospheric Pollution In strict compliance with the Law of the People's

Urumqi Brewery gives priority to green raw Prevention and Control Law of the People's Republic of China on Noise Pollution Prevention

materials processes technologies and equipment Republic of China and other relevant waste gas and Control and other laws and regulations

and has established a full green life cycle process management regulations to ensure that our we have established policies such as the Noise

from product design material selection production emissions comply with the national and local Control and Hearing Protection Procedure. We

to marketing recycling and waste harmless emission standards. Carbon emissions of the beer further strengthen the prevention and control of

disposal realizing efficient resource utilization industry can be reduced by recycling and reusing noise pollution according to the noise pollution

and minimizing environmental impact. In 2024 the waste generated in the production process. prevention and control ideas of "source prevention

Urumqi Brewery was awarded the title of the first Wusu collects and purifies the carbon dioxide transmission control and protection of receptors".batch "Waste-free Enterprises" in Urumqi city. It generated in the fermentation process for reuse in Through regular monitoring of plant boundary

is our second waste-free brewery following Xixia production. It is estimated that 5930 tons of carbon noise equipment renovation and maintenance

Jianiang's winning of the title of the first batch dioxide can be recovered annually to achieve additional isolation protection and other measures

"Waste-free Enterprises" in Yinchuan city Ningxia. efficient recycling of waste gas. We also collect we effectively control the impact of noise on

In the course of operation Urumqi Brewery has and dispose of the effluvium generated at sewage employees and the communities. We also carried

implemented a series of measures to minimize Urumqi Brewery treatment stations to ensure that its treatment out special research on packaging noise reduction

waste generation and promote waste recycling meets the standards for effective management of to analyze the generation and transmission

and safe disposal and ultimately achieved "zero waste gas. mechanism of noise in the packaging process

emission" or "near zero emission" of waste within formulate noise prevention and control programs

the enterprise. and target the control of noise sources.Types of Pollutants in Waste Gas and

Related Data in 2024

40.74 (unit: t)

Solid Waste Discharge in 2024

Type Unit Data of 2024 15.81

1.81

Total amount of hazardous waste discharge tons 464.62

NOx Black smoke SOx

(dust)

Hazardous waste discharge density t/RMB 10000 in revenue 0.0003

Total amount of non-hazardous waste discharge tons 109354.79

Non-hazardous waste discharge density t/ RMB 10000 in revenue 0.07

Chongqing Brewery Environmental Social & Governance Report 49ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PRODUCTS AND SERVICES

The Company always regards providing consumers Manual (COM) formulated with reference to the the HACCP certification.with high-quality products and services as the core FSSC 22000 Food Safety System Certification

driving force of enterprise development. We have and the Hazard Analysis and Critical Control Point We have implemented a sophisticated quality

built a sound quality management system and (HACCP) we developed quality management management system that covers the entire 100%

implemented strict quality control measures ensuring systems such as the Quality Management Manual production process from manufacturing and

that our products meet high quality requirements. We of our breweries have passed the 2024 Factory Quality Monitoring Plan and Production storage to logistics sales and after-sales. By

also adhere to customer-centric service continuously Line Self-inspection Requirements & SOP for Brews continuously strengthening the control of key

Annual COM Compliance Audit

optimize customer service system listen to consumer Quality Testing to provide standardized guidelines management areas and constantly improving the

needs and actively respond to changes and for product quality standards. We also require stability of product quality we are committed to

constantly improve consumer service experience our breweries to conduct annual quality COM satisfying consumers' demand for high-quality beer

striving to create higher value for customers.compliance audits to ensure stable product quality with better products.control.From 2018 to 2024 the Company and its breweries

PRODUCT QUALITY all passed the annual quality COM compliance

ASSURANCE audits. In 2024 except one newly established plant

the Company and its breweries all passed the ISO

On the basis of following the Carlsberg Operation 9001 quality management system certification and

100%

ISO 9001 Quality Management HACCP Notice of Qualification

System Certification Certification for Supervision and

Examination

Chongqing Brewery Environmental Social & Governance Report 50ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

CONDUCTING PRODUCT QUALITY PRODUCT RECALL MECHANISM ORGANISING BEER TESTINGS

TESTING

We have formulated the Product Recall We not only concentrate on ensuring product our products from the breweries to ensure

We always adhere to high standards of quality (Withdrawal) Management Procedures and quality and safety but also endeavor to provide the consistency of product quality and flavor

management requirements strictly implement the require our breweries to carry out product recall our customers with consistently unique taste and characteristics. As of the reporting period we

Standard Operating Procedures for Brews Quality (withdrawal) drills on a regular basis to ensure the flavors. We have established a Beer Tasting Center have completed the taste evaluation of 607 beer

Testing and conduct comprehensive inspections on feasibility and efficient implementation of the recall composed of sommeliers which is responsible samples with a 100% pass rate.incoming raw and auxiliary materials production mechanism ensure that defective products can be for conducting monthly taste evaluations of

process and finished products. We set self-inspection recalled promptly and minimize the harm to the

requirements in each production link to ensure public. In 2024 there were no product recalls due to

product quality in line with high quality standards. product quality problems.We also have established a quality monitoring Case THE UPGRADED HUNDRED TALENTS PROGRAM UNVEILS EXPERT SOMMELIERS

program at our breweries to identify and manage

potential risks. This includes physicochemical

Sommelier Camp is an important part of our Hundred Talents Program. On November 7 2024 the Carlsberg

testing12 encapsulation testing13 and microorganisms 100% China Sommelier Camp 2024 & The Second Carlsberg China Sommelier Skills Competition jointly organized

testing. In addition we have set up a testing center

of our products inspected by by the Company and the China Alcoholic Drinks Association had concluded in Chongqing.for quarterly sampling inspections of beers. In

2024 the center conducted sampling inspection independent third-party inspectors and

On the basis of the first session this camp adopted innovative form and content to intensively teach

of beers from 26 breweries. For the 97 batches of regulators passed the tests

theoretical knowledge of evaluation and style identification through online and offline courses. It strengthened

products sampled all of them passed with a 100%

the interaction and experience sharing among participants and cultivated their ability to troubleshoot and

qualification rate.solve problems in actual production. A total of 114 sommeliers from 27 breweries of the Company passed the

theoretical assessment and 14 rounds of rigorous skill assessment and won the title of "Excellent Sommelier";

In addition to internal inspections we require our 100 the top 30 sommeliers stood out and won the title of "Expert Sommeliers".breweries to send their products to third-party %

inspectors for independent external assessments

to further ensure product safety and reliability. In of our products passed the internal

2024 our breweries sent 984 batches of products quarterly sampling inspections

for external inspections and regulators randomly

selected another 52 batches on site for testing. The

results of the inspections showed that 100% of our

products met the required standards.Carlsberg China Sommelier Camp 2024 & The Second Sommelier Skills Competition

12 Physicochemical testing of beer: The process of testing carbon dioxide concentration bubble characteristics turbidity and alcohol

content of beer.

13 Encapsulation testing of beer: The process of testing the physicochemical properties and appearance of the bottle body label

and cap.Chongqing Brewery Environmental Social & Governance Report 51ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PRODUCT QUALITY TRAINING DELIVERING HIGH-QUALITY of quality problems and improvement plans and optimizing the digital marketing experience and

SERVICES tracking the improvement results to ensure steady expanding various online and offline interactive

We are committed to promoting the construction improvement of product quality and enhance activities and other means we deepen the

of a corporate culture that emphasizes product consumer satisfaction. communication with consumers promote the We insist on starting from the actual needs

quality. By integrating quality and safety education close connection between brands and consumers of customers to establish and improve the

into employee orientation pre-job and on-job enhance brand influence and customer loyalty and communication mechanism and diversified BOOSTING SERVICE EXPERIENCE

training we have developed differentiated quality create a more competitive market reputation.communication channels listen attentively and

and safety training courses for employees across respond quickly to customer demands effectively We are committed to continuously improving

various positions to enhance their quality and safeguard the rights and interests of customers the level of customer service. By continuously

safety awareness and ensure that the concept of constantly optimize the quality of service improve

product quality and safety is deeply rooted in their customer satisfaction and create a high standard

daily work. Improved member interaction and intimate service experience for customers. Expand online sales platforms experience

For our quality management personnel especially We continue to expand sales channels We have built an efficient and flexible

quality managers of our breweries were organized EFFICIENTLY RESPONDING TO establish strategic partnerships with member center that can be quickly iterated

a 2-day training session on FSSC 22000 food CONCERNS mainstream e-commerce platforms such as JD and adjusted for market needs by "one

safety management system certification standards Supermarket and Meituan Flash Optimizing QR code for one product + Mini Program"

focusing on strengthening the ability of food safety We actively listen to the voices of our consumers and the instant retail model and enhance approach. We continuously promote brand

audit and system maintenance. solicit their feedbacks on our products and services consumers' convenient shopping experience. marketing activities through channels such

through various convenient channels including as our official WeChat account offline

For our production employees we regularly phone WeChat and email. We have formulated materials and official Weibo account. In the

Create surprise experience

organized training sessions on quality and food the Customer and Consumer Complaint Handling Mini Program we have set up an incentive

safety systems as well as COM compliance. In Procedures and Factory Complaint Handling Through the launch of customized packages mechanism of points and red envelopes

2024 our breweries carried out a total of 38466.5 Procedures to clarify the standard requirements for the designed for festivals artistic and innovative to encourage consumers to scan the codes

hours of training for 7554 employee participations definition classification and evaluation of complaints. packaging and other ways we meet the and interact with us thus deepening our

which accounted for 100% of the total workforce. In addition for critical customer requests we arrange diversified consumer demands in the connection with our core customers.professional telephone interviews to ensure that market while bringing consumers a surprise

In addition we also focus on our suppliers' product feedback is accurately transmitted to the relevant experience deepening brand impression and

quality management and control. We implement departments of the Company. Our goal is to improve enhancing market awareness. Create an immersive consumer

strict product quality audits on suppliers and the quality of products and services continuously. experience

carry out relevant training on quality standards In 2024 we received 208 quality and safety related Using scenarios such as immersive art

and food safety requirements to deepen suppliers' complaints and 100% of them were resolved. experience halls pop-up stores offline

understanding of our product quality standards tasting sessions during specific periods we

and promote the quality management level of the For different types of concerns we have established provide consumers with immersive interactive

whole chain. different procedures to handle them and developed experience and rich and interesting product

targeted solutions to respond. For product quality experience.concerns we have set up a collaborative control

100 mechanism involving quality management % departments of both the headquarters and related breweries. The breweries are responsible for product

of production employees received testing and implementation of special improvement

training on quality and food safety actions while the headquarters is responsible for

regularly coordinating the integration and summary

Chongqing Brewery Environmental Social & Governance Report 52ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PROMOTING THE INTEGRATION OF TWO INDUSTRIES

We always pay attention to consumer trends and are committed to innovative consumption scenarios to provide consumers with more choices. We constantly expand the new retail business for beer deeply integrate beer with

catering services to further broaden the consumption scenarios and enhance the influence of beer culture providing consumers with a more immersive drinking experience in diversified scenarios.In recent years we have successively opened Jing-A Brewing Co. Wusu BBQ and Hou Hot Pot Cooperative Stores providing consumers with a rich and multi-layered service experience with a variety of formats while enhancing

brand penetration.Case WUSU BBQ · CHENGDU NIGHT SNACK CITY OFFICIALLY OPENED Case CHONGQING BREWERY CO-ORGANIZED CHONGQING HOT POT EXPO TO INTEGRATE 'HOT POT + BEER' SCENARIO

On November 22 2024 Wusu BBQ Night Snack City jointly created by Wusu and Sichuan Yiqi Dakao From October 25 to 27 2024 the 9th China (Chongqing) International Hot Pot Industry Expo was held

Catering Management Co. Ltd. was grandly unveiled in Zhangjiaxiang Chengdu. "Cheers to Wusu Late Night at Chongqing Yuelai International Expo Center. As a co-organizer Chong Qing Brewery joined hands with

Chengdu" perfectly combines Chengdu's late night food culture with Wusu beer providing consumers with an Chongqing Hot Pot Expo to create an immersive "hot pot + beer" consumption scenario bringing customers a

immersive brand experience strengthening the brand recognition of hardcore Wusu and injecting new vitality novel experience combining sight and taste.into Chengdu's food culture and cultural travel life.Chong Qing as the only designated beer at the hot pot banquet site provided full alcohol support. A "hot

month team" was assigned to assist in the innovative experience of "hot month custom" by guiding consumers

on site to play finger-guessing game draw lots play chess presenting a series of Chong Qing beer exclusive

"hot month gifts" and offering a one-stop "eat drink and play" consumption experience. Chong Qing is

committed to building "Chongqing hot pot with Chong Qing beer" into a Chongqing food culture phenomenon

to inject new vitality into the development of Chongqing hot pot industry.Wusu BBQ · Chengdu Night Snack City Chongqing Hot Pot Expo

Chongqing Brewery Environmental Social & Governance Report 53ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

DIVERSITY EQUITY & INCLUSION Diversity Equity and

Inclusion (DEI)

Employees are the core driving force for the core to promote the corporate vision of diversity With a clear DEI roadmap we strive to enable environment for the growth of employees and

sustainable development of enterprises. We equity & inclusion. Following the Human Rights every employee to display their talents and feel the development of the Company. The Company

advocate the concept of diversity equity & inclusion Policy 14 the Diversity and Inclusion Policy 15 the a sense of belonging and personal value in their has won the "DEI Employer Award" issued by

respect regional cultural differences and are Labor Rights Policy 16 and other policies released by work. We continuously optimize management internationally renowned research institutions for

always committed to building an equal and open the Group we create a diverse and inclusive work methods by actively creating an open and two consecutive years and its ranking among the

work platform. Through continuous improvement environment for employees. inclusive working atmosphere fully mobilizing the top 100 enterprises in China has risen from the sixth

of the talent development system we provide enthusiasm of employees constantly improving place in 2023 to the fourth place in 2024.multidimensional growth paths for employees and We have been hiring and promoting employees organizational effectiveness and creating a good

realize the two-way empowerment of personal value based on their values and work performance and

and enterprise development. We will continue to focus strictly prohibit any form of discrimination bias

on employee growth build a dynamic and innovative or harassment based on race religion disability

team and lay a solid foundation for the sustainable gender marital status age social status national

development of the Company. origin sexual orientation or any other factors that

should not be considered according to local laws.EMPLOYEES RESPECTING Case INTERNATIONAL WOMEN'S DAY SPECIALBuilding on the employer value of "Something's

AND BLENDING Brewing" we actively promote the employer brand

through multiple channels and ways to continue to To pay tribute to the multi-faceted charm and

We take a global perspective diverse talent pool attract talented people and build a diverse talent unlimited potential of women we invited seven

inclusive leadership and equal opportunities as our pool. female brewers to create a craft beer that pays

tribute to women - rose sea salt flavor craft beer.Carlsberg's Employer Value We gave this product as a gift to every female

colleague in the Company. This product interprets

the multifaceted nature of women with both

tenderness and strength with the mouth feeling of

Purpose Pride "salt and sweet" demonstrating that the Company

We look We proudly breaks the professional gender bias to build a

back to move trust our diverse equal and inclusive culture provide more

forward brands platforms and opportunities for women and International Women's Day Special

together brew a better today and tomorrow.Performance 14 https://carlsbergchina.com.cn/media/3qrdy11t/labour-human-rights-policy_eng_sep-2019.pdf

We go above 15 https://carlsbergchina.com.cn/media/aymdlgxh/diversity-inclusion-policy_carlsberg-group.pdf

and beyond

16 https://carlsbergchina.com.cn/media/3qrdy11t/labour-human-rights-policy_eng_sep-2019.pdf

Chongqing Brewery Environmental Social & Governance Report 54ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

DIVERSE RECRUITMENTA

We always value the diversity and inclusion of Recruitment of people with disabilities: residents through local job websites government

our talent team and are committed to attracting We have long focused on employment equality for job fairs local talent exchange centers recruitment

selecting and developing talents with outstanding people with disabilities. By establishing customized events and other channels.expertise through diversified recruitment channels recruitment processes and job orientation we

and strategies. In 2024 we continued to explore Gender representation:continue to provide job opportunities for people with

our diversity initiatives such as campus recruitment disabilities. This initiative not only demonstrates our We are committed to building an equal and

localized recruitment and recruitment of people social responsibility but also further enriches the inclusive workplace for our employees and have set

with disabilities further demonstrating our social diversity of our corporate culture. a clear goal that by 2030 our female employees

responsibility and commitment to inclusive will hold one third of management positions at

development. Female recruitment: middle level and above. We always adhere to the Talent development course in collaboration with

principle of equal employment between men and

Jiangnan University

Cooperation with colleges and universities: We particularly initiated the Female Recruitment women with particular focus on the proportion of

Month to focus on women's employment and

We work closely with colleges and universities female employees in recruitment promotion and provide more career development opportunities for

to provide clear career development support for departure and dynamically monitor the proportion women. Through public welfare livestreaming and

students of different educational backgrounds and of female employees at all levels through monthly other initiatives we are committed to eliminating

majors including resume guidance career guidance analysis and evaluation. In case of data anomalies gender bias in the workplace and supporting

event sponsoring and internship base building. We we promptly take management measures to female employees to realize self-fulfillment in the

also provide fresh graduates with employment promote gender diversity in the workplace workplace.advice from our senior executives and co-create endeavoring to enable every employee to display

talent development courses with key universities Localized recruitment: their talents and feel a sense of belonging and

to help students plan career paths so as to reserve To enhance localized recruitment our breweries personal value in their work.high-quality future talents. and sales regions provide job opportunities to local

Delegation of Chongqing Vocational and Technical

University of Mechatronics visits our plant

Percentage of female employees in

middle-level and above management Female Employees in 2024

positions

Indicators Data

28.8% Total amount of hazardous waste 32%discharge

Percentage of female employees

Percentage of 29.49%in management positions

female employees Percentage of female employees 13.8%

in revenue-generating positions

29.63% Percentage of female employees 26.2%in STEM positions

Female employment themed public welfare

livestreaming

Chongqing Brewery Environmental Social & Governance Report 55ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

EMPLOYEE TRAINING AND

DEVELOPMENT EMPLOYEE CAREER GROWTH EMPLOYEE TRAINING

We always pay attention to the personal growth and We have developed a fair just and open selection We regard the learning and development of at all levels to achieve breakthroughs in core

career development of our employees. We constantly mechanism for employees taking employee values our employees as the core driving force for the capabilities such as strategic planning and team

improve our talent training system to provide professional competence and performance as continuous progress of the Company. In the face management.employees with a variety of training resources and a evaluation standards for promotion. We discuss the of the rapidly changing market environment

development space where "Something's Brewing" so fields for employee development and development and technology innovation we provide all We have also implemented different training

as to help them explore their potential support their plans at regular talent evaluation meetings and employees with extensive and in-depth learning sessions such as partner programs mentor/coach

growth with the Company and jointly brew for a encourage the healthy flow of talents within the opportunities online and offline to help them programs challenging projects benchmarking

better today and tomorrow. Company through various methods such as job grow with the Company. market learning short-term dispatch and

rotation and short-term assignment. In addition we job rotations to fully stimulate the individual

have developed an Individual Development Program In 2024 we provided employee training for over potential of each employee and help them realize

250000 hours reaching 100% of our employees. their worth.

(IDP) to promptly transfer talents to open vacancies

and support the steady growth of the Company with

In terms of online learning in the second half of

carefully designed talent training programs and plans

2024 we comprehensively upgraded our internal More than

at all levels.learning platform "Carlsberg Learning" and

established 11 academies covering many fields

such as professional skills management and 250000

leadership and workplace general abilities. The hours of employee training sessions

platform offers a wealth of internal and external

course resources with a total of more than 2500

courses available online to meet the diverse Employee training coverage

Talent Development learning needs of employees. Digital learning

Project Support has become an important engine for employee

Talent Pipeline 100%

Development growth.Offline learning has also achieved remarkable

results. We organized a number of professional

skills training sessions for different positions

10/20/70 cross-departmental training camps and

Learning Resources workshops which not only deepened employees'

mastery of professional knowledge but also

improved the efficiency and cohesion of team

Corporate culture as cooperation. In terms of leadership training

critical foundation

we invited senior experts in the industry to

Carlsberg People Growth Framework provide face-to-face guidance and trained a

group of outstanding executives to become

internal lecturers sharing excellent management

experience and practice and helping managers

Chongqing Brewery Environmental Social & Governance Report 56ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Case YOUNG TALENT DEVELOPMENT PROGRAM EMPLOYEE RIGHTS EMPLOYEE ENGAGEMENT

INTERESTS AND CARE

We have developed a practical and progressive "portraits of the new generation and their needs We attach great importance to the voice of employees

career development system for young talents. Our in workplaces" and "activating Gen Z" we help Adhering to the principle of "People-oriented" we and are committed to building diverse channels to

management trainee program has established grassroots team managers to better understand smooth the communication channels for employees achieve smooth communication between employees

a "10/20/70" learning framework and a growth the younger employees and foster a diverse equal listen to their voice and feedback provide them at different levels. By organizing communication

tracking system for young talents and offered and inclusive workplace with positive energy and with a fair and competitive compensation system activities such as "face-to-face" forums with the

training sessions covering multiple dimensions such empathy. We also promote exchanges among diversified benefits and comprehensive care and help leadership HRBP interviews line manager interviews

as business presentation project management young talents in various functions through regular create a good workplace culture atmosphere. the Speak Up Helpline and employee communication

data analysis and leadership training. We provide partner learning and sharing to strengthen their meetings we widely collect employees' opinions

comprehensive support for young talents' growth understanding of the business of various functions and suggestions on various aspects of our work. We

in terms of career development physical and and foster and enhance their business insight so as also urge relevant functional departments to respond EMPLOYEE RIGHTS AND INTERESTS

mental health professional competence personal to provide more innovative ideas for the Company to and implement employees' feedback in a timely

professional quality cultivation etc. from a more comprehensive perspective. manner fully protect employees' rights to know We strictly follow the Human Rights Policy 17 participate express and supervise and create an open

issued by the Group pay attention to the

To enhance our appeal to Generation Z we In addition our young talents receive one-on-one transparent and inclusive working environment.voice of employees and effectively safeguard

regularly update our employee training programs guidance from mentors trainers and post-specific their rights. We are committed to identifying 8

and organize corresponding learning activities coaches every month and are required to report potential or actual human rights issues and their

and workshops at the corporate level and the their learning progress on a quarterly and annual adverse effects such as forced labor child labor

department level according to the different learning basis. The mentors and post-specific coaches track EMPLOYEE ENGAGEMENT freedom of association and collective bargaining Case

and development stages of employees so as to the growth trajectory of young talents in real time AND DEI SURVEYdiscrimination and harassment the right to

continuously enhance their learning motivation and provide suggestions based on the progress working hours and rest and leisure remuneration

improve their skills and promote high employee made by young talents job rotation plans and and benefits occupational health and safety We pay great attention to employee experience. Every

engagement. By continuously promoting training future development plans to ensure the continuous access to and use of drinking water and to year we organize "My Voice" employee engagement

workshops for managers covering topics such as promotion of talent training programs. developing appropriate preventive and mitigation and DEI (diversity equity & inclusion) survey to listen

actions. to employee feedback. We deeply interpret the survey

report and formulate practical improvement measures

We are committed to ZERO violation of the Human and action plans based on the results to constantly

Rights Policy such as forced labor and child labor. We improve employee engagement. In 2024 more than

have also opened the "Speak Up Helpline" system so 6000 employees participated in the "My Voice"

that employees can immediately report any violations survey with a 99% response rate in Carlsberg China.of their rights. For more information on the "Speak The result show that the employee engagement

Up" helpline see the section on "Business Ethics". survey score was 89 points fully reflecting employees'

trust in and recognition of the Company.In 2024 no incidents of discrimination forced labor

child labor or harassment were identified in our

business operations.

17 https://www.carlsberggroup.com/media/kibllgxo/carlsberg-human-rights-policy-2024.pdf

Young talent development program

Chongqing Brewery Environmental Social & Governance Report 57ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Process and measures to improve employee engagement REMUNERATION AND BENEFITS

We investigate and benchmark against FMCG

As a tool of our "continuous listening" strategy "My Voice" survey is industry to establish and improve a competitive

conducted once a year to continuously listen to the concerns of our remuneration and welfare system.In 2024

the employee engagement survey

"My Voice" survey employees. response rate reached

By taking into account different business

needs we have developed monthly/quarterly/

Team leaders understand and analyze the concerns of their team year-end bonus schemes to motivate employees to 99%

members in regular surveys and share the results with employees. create better performance and get rich returns.Report interpretation Make employees feel valued and appreciated by listening continuously Employee engagement

and sharing We have also developed timely incentives to them. survey score was

innovation incentives and other recognition schemes

to reward teams and individuals with outstanding

Team leaders preside over and conduct ongoing conversations about performance. 89points

feedback and improvement actions. Employees get involved in the

We modify employees' compensation in

Development of decision making of improvement measures and together improve their accordance with market and industry trends taking

action plan experience in the organization.into account their performance outcomes and the

competitiveness of their pay.Team leaders include a review of the implementation of the action

We continue to upgrade welfare care activities

plan in the team meeting to follow up on each detailed implementation

and introduce flexible welfare points platform

Continuous step. Team leaders and team members celebrate important milestones

follow-up which can give employees more choices to redeem together at the same time recognizing efforts and successes.their desired benefits thus improving employee

happiness comprehensively.Chongqing Brewery Environmental Social & Governance Report 58ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

18 EMPLOYEE CARE ACTIVITIESEmployee Welfare

Additional business insurance covering travel accident life and We always put the experience and feeling of daily psychological counseling and professional

medical employees in the first place. We are committed to counseling services to help employees effectively

Healthy Welfare

Physical examination delivering humanistic care and creating a warm regulate their emotions relieve strain from both work

comfortable and valuable working environment for and life guide them to work in a more positive state

Benefits in Points Flexible welfare points employees. Each of our business units is equipped and continuously improve their workplace experience

with labor unions to comprehensive safeguard the and sense of happiness.Holiday money or gifts

rights and interests of our employees and keep

Benefits in Kind Welfare liquor communication with them. We organize a variety of We will further deepen our employee care initiatives

activities to provide every employee with a platform to create a more inclusive supportive and dynamic

Union gift benefits

to give full play to their potential. working environment for our employees and help

Extra company leave them grow together with the Company.We also place great importance on the mental health

Xinjia hotline

of our employees. Since 2018 we have partnered with

Happy hour activity professional psychological counselling institutions to

Work-life Balance launch the Xinjia program an employee care program

Sports club which provides diversified mental health activities

Meal (canteen) benefits

Beer tasting event

Case HAPPY HOUR COMBINES EMPLOYEE CARE WITH BRAND CULTURE

In Carlsberg China we combine employee care with our brand culture through regular "Happy Hour" initiatives.These initiatives are themed around our brands and enable employees to have an in-depth understanding of our

brand culture and enhance their sense of identity through tasting brand story sharing and other forms. Moreover

the rich dining options and interactive games stimulate their enthusiasm and provide them with a relaxed

exchange platform thus promoting cross-departmental communication and collaboration.The "Happy Hour" event has been well received by employees since its introduction with participation rate

continuously increasing. It not only relieves work stress but also enhances team cohesion and the sense of

belonging creating a more positive and dynamic work environment for employees.

18 The benefits above may vary depending on the location of the business unit.

Chongqing Brewery Environmental Social & Governance Report 59ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

RESPONSIBLE SOURCING

We are committed to establishing long-term stable Requirements on Direct Material Quality the we adopt a hierarchical and classified management suppliers. For suppliers that fail the audit we require

mutually beneficial and win-win cooperation with Suppliers' Requirements on Noncontact Material method and conduct annual performance them to improve and be re-included in the database

the supply chain. We integrate the concept of Quality and the Supplier and Licensee Code of evaluations covering dimensions such as on- after meeting the requirements. For suppliers that

sustainable development into the whole process Conduct 19 and we have formulated the Chongqing time delivery rate quality acceptance rate service continue to perform poorly we eliminate them

of supply chain management and continuously Brewery Co. Ltd. Procurement Policy to improve quality pricing and safety compliance. Suppliers according to corresponding regulations. To ensure

promote the collaborative development with supplier management system. In 2024 we with annual performance review score below 80 the stability and continuity of the supply chain we

suppliers to jointly build a high-quality sustainable partnered with a total of approximately 5000 will not be partnered for the following year. regularly assess the supply risk of key materials

and responsible supply chain. suppliers including approximately 900 new on a monthly basis and implement corresponding

suppliers. We conduct regular quality and food safety risk avoidance measures for materials with supply

STANDARDISING SUPPLIER audits on key suppliers. We conduct on-site risks and regularly track their implementation. In We follow the principles of open fair and impartial communication and training on quality and food addition we regularly review key suppliers and stop

MANAGEMENT procurement and standardize the management safety related requirements offer root cause partnering with high-risk and highly dependent

of key nodes such as procurement process analysis (RCA) based on audit findings and suppliers.We strictly implement the Group's supplier and supplier selection evaluation inspection develop and implement corresponding corrective

management regulations including the rectification and exit. For suppliers in our database measures to ensure the food quality and safety of

2024 Outstanding Supplier Awards ceremony

19 https://carlsbergchina.com.cn/media/trpbbw4j/slcoc-v-2019.pdf

Chongqing Brewery Environmental Social & Governance Report 60ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

PROMOTING

RESPONSIBLE

PROCUREMENT

In April 2024 we participated in the technical exchange activities of packaging material suppliers to explore environmentally friendly

We enter into agreements with our suppliers

packaging solutions;

including Carlsberg Supplier & Licensee Code of

Conduct and the Business Service Safety Code of

Conduct to clearly define their code of conduct

regarding environmental sustainability labor In September 2024 we exchanged ideas with carton suppliers about the development trend and opportunity of carbon neutrality in

and human rights health and safety business packaging paper;

ethics and other aspects and effectively promote

responsible sourcing. We place great emphasis on

the product quality and food safety of our suppliers In December 2024 we held a supplier conference to recognize outstanding suppliers and packaging materials/raw materials suppliers

and require them to establish quality management were invited to discuss and exchange ideas on environmental protection and green development.systems in accordance with the requirements of

ISO 9001 standards. In 2024 100% of our major

material suppliers were certified to the ISO 14001

environmental management system and the ISO

9001 quality management system.

We place a strong emphasis on fostering and

enhancing the capabilities of our suppliers. 100%

Through close collaboration with all stakeholders of our major material suppliers

in the supply chain we advocate for and provide were certified to ISO 14001

training in food safety quality management

and sustainable development to our suppliers.This proactive approach aims to address issues

pertaining to food safety and quality assurance 100%

thereby contributing to the establishment of of our major material suppliers

a stable efficient and high quality industrial were certified to ISO 9001

supply chain. In 2024 we provided approximately

4800 hours of training on health safety and

environmental protection to our suppliers.In addition we run a supplier ESG program and

actively promote supplier participation in Sedex

certification.Chongqing Brewery Environmental Social & Governance Report 61ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

COMMUNITY

ENGAGEMENT SUPPORTING EDUCATION

We take the initiative to practice corporate social We support the development of education.responsibility and make contributions to a variety Through student financial assistant campaign we

of disciplines including education development and provide educational resources and development

community public welfare initiatives. In addition opportunities for college freshmen with financial

we actively participate in charitable donations and difficulties helping them realize their personal value

call on employees to actively participate in public and make positive contributions to the community.welfare activities and jointly fulfill corporate social

responsibility.Case CHONGQING BREWERY'S 21-YEAR STUDENT FINANCIAL ASSISTANT CAMPAIGN Case INDUSTRY AND EDUCATION INTEGRATION TO PROMOTE THE INNOVATIVE DEVELOPMENT OF THE BREWING INDUSTRY

In 2004 Chongqing Brewery Yibin Branch together with the Communist Youth League Yibin Municipal Committee Actively exploring the integration of industry and education the Company has deepened cooperation with

launched the Chongqing Brewery Student Financial Assistant campaign which has lasted for 21 years. A total of Jiangnan University to jointly promote talent training and industry innovation and development. In 2023

RMB 3.86 million has been donated to support 1886 university freshmen with excellent academic performance the Carlsberg Beer Flavor Tasting Laboratory unveiled in Jiangnan University to enable basic research and

but poor family providing solid support for their smooth entrance into university. At the 21st Scholarship Awarding education construction of the university. In 2024 the Company set up Carlsberg Scholarship in Jiangnan

Ceremony 40 freshmen received a total grant of RMB 200000. University for the second year in a row supporting 36 excellent students with a total amount of RMB 150000

and contributing to the high-quality development of the brewing industry.Scholarship awarding ceremony The 2nd Carlsberg Scholarship Awarding Ceremony of Jiangnan University School of Biotechnology

Chongqing Brewery Environmental Social & Governance Report 62ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

CULTURAL

COMMUNITY CARE COMMUNICATION

We actively participate in community public welfare We always take brand gene and differentiated oriental aesthetics into product design and continue

activities and construction carry out sympathy value as the core to build a communication system to create a diversified marketing experience so that

and donation activities to the relevant units in the that is more in line with the emotional resonance traditional culture showcases new vitality in the

community and repay the society with practical of Chinese consumers. By exploring the cultural contemporary context.actions and convey goodwill and love. essence of different regions we skillfully integrate

Case HEALTHY MOTHER EXPRESS Case CARLSBERG INHERITS THE CULTURE OF THE YEAR OF WOOD LOONG LAUNCHED IN QUANNAN COUNTY

The year 2024 was a year of the Wood Loong (dragon) and Carlsberg collaborated with artist Hu Yunfeng to launch a limited-edition packaging for the Chinese Lunar

On March 22 2024 the Company joining hands with New Year conveying the beauty of traditional Chinese culture through innovative design. Through artistic expressions this design not only endows Carlsberg with

the Women's Federation of Quannan county held the profound cultural connotation but also spreads Chinese traditional culture to a wider range of consumer groups. Using beer as the medium Carlsberg conveyed Chinese

"Healthy Mother Express" donation ceremony at the New Year wishes and promoted Chinese culture bringing consumers a dual cultural experience of vision and taste to welcome the Year of auspicious Wood Loong.Guangzhou head office donating RMB 138000 to

improve the health status of women and children in

Quannan county and boost rural revitalization."Healthy Mother Express" project provides cervical

cancer and breast cancer screening and maternal

health services for women and children in Quannan

county through free clinic health education and

screening services effectively improving the level

of primary health care and ensuring the safety of

mothers and children.This project ensured health and well-being of women

and children in Quannan county and also injected

new impetus to rural revitalization showing the

responsibility and accountability of the Company to

give back to the community."Healthy Mother Express" donation ceremony Product design drawing

Chongqing Brewery Environmental Social & Governance Report 63ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

COMPLIANCE

MANAGEMENT

We always adhere to the business principles of of information disclosure and continuously meetings of shareholders 6 audit committee companies in Singapore Hong Kong (China) and

integrity as the foundation always pay attention enhancing the ability of risk prevention and control. meetings 3 compensation and evaluation other places and maintain smooth communication

to the risk management of the Company and By building a sound governance structure and committee meetings 1 strategy and development and exchange with overseas institutional investors.stick to the bottom line of business ethics. We keep continuously strengthening internal governance we committee meeting and 5 independent directors'

improving our compliance-based and effective ensure the Company's steady development. meetings. By holding beer tasting events for investors at

corporate governance system and enhancing our Jing-A Brewing Co. Wusu BBQ and other places

corporate governance capabilities to ensure our Effectiveness of the Board of Directors After disclosure of each periodic report the we enable investors to experience the combination

long-term stable and sustainable development. We Company held an open performance presentation of beer and consumption scenarios and have a

endeavor to build a law-abiding compliantclean We pay high attention to the effectiveness and across the network in a timely and effective more comprehensive understanding of our products

and trustworthy business environment. diversity of the Board of Directors. Our current manner. It has been selected for Best Practice of brand toning and corporate strategies.independent directors have diverse professional Annual Report Presentation of the Year by the

backgrounds and have rich professional knowledge

CORPORATE China Association for Public Companies for two The Board of Directors strictly regulates the and experience in law financial accounting consecutive years. disclosure of the Company's information to ensure

GOVERNANCE marketing corporate management risk that open complete transparent and effective

management and other aspects. We also actively Our investor relations team maintain active information is provided to the capital market. In

Sound corporate governance mechanism is the organize management diversity training sessions exchanges with investors by actively participating 2024 the Company completed the disclosure of 4

foundation on which the Company maintains and internal and external meetings to promote in brokerage strategy meetings receiving investor regular reports and 36 interim announcements.long-term and steady development. We are the stable improvement of corporate governance. visits and participating in roadshows and anti-

committed to standardizing the operation of In 2024 we held a total of 6 board meetings 5 roadshows. We have also actively participated

corporate governance improving the transparency meetings of the Board of Supervisors 4 general in the strategic meetings organized by securities

In 2024 we held

6 board meetings

5 meetings of the Board of Supervisors

4 general meetings of shareholders

Chongqing Brewery Environmental Social & Governance Report 64ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

INTERNAL CONTROL AND RISK

MANAGEMENT

Risk management is vital for enterprises to effectiveness identifying potential high risks and We actively organize risk management awareness

maintain sustainable development. We attach great reporting quarterly to the risk management team. training for all incumbent employees such as A total of

importance to enterprise risk management and internal control framework risk training and

deeply integrate risk management into all aspects We have formulated the Risk Management Policy personal information protection training. In addition

of our operation and business development by the Internal Control Self-Assessment Manual we emphasize the importance of compliance to 1554

building a systematic and normal risk management and other relevant systems and taken a series all employees and actively organize relevant employees participated in the

mechanism. To ensure the effectiveness of risk of measures such as risk assessment risk list and compliance training on topics such as business

control we have established four lines of defense business ethics trainingcontrol test to ensure that the Company's risks are ethics and code of conduct anti-bribery and anti-

for risk control namely operations management under control. In addition we regularly assess ESG- corruption and competition law compliance with

risk management internal audit and external related risks and develop mitigation measures to more than 4100 participants. A total of

audit. Risk owners are responsible for reviewing effectively avoid and mitigate such risks. In 2024

and assessing the risk area in their charge on a our internal audit team conducted internal control

quarterly basis preparing risk reports to describe tests on the entire business process and followed up 2282

the status of risk control activities verifying their to complete process optimization. employees participated in the

anti-corruption training

A total of

Local Responsibilities 337

employees participated in the

The first line of defence: Operations Management: control manage and

Operations Management 1 competition law compliance trainingmitigate risks enforce controls and be responsible for day-to-day internal control and related activities

The second line of defence: Risk Management and Compliance: monitor and

Risk Management and Compliance 2 control risks and verify compliance with financial policies manuals and guidelines

The third line of defence:

3 Internal Audit: provide independent assurance and Internal Audit advice on risk management and internal control

The fourth line of defence: External Audit and Regulatory: assess the financial

External Audit 4 and regulatory compliance of risk management and

internal control

Chongqing Brewery Environmental Social & Governance Report 65ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

BUSINESS ETHICS

"Living by Our Compass" is a core principle in our invitations from employees and other stakeholders responsible for collecting and analyzing relevant reporting channels and procedures on business

business operations. We strictly adhere to the in a non-disclosed and non-transparent manner. clues and interview the whistleblower in strict ethics and code of conduct anti-bribery and anti-

Company Law of the People's Republic of China In addition we have established the conflict-of- confidentiality. We also strictly protect the personal corruption and competition compliance within

the Anti-Unfair Competition Law of the People's interest declaration mechanism and require new information of whistleblowers ensuring that the 30 days of joining the Company. All employees

Republic of China the Anti-Monopoly Law of the employees and existing employees to fill in a information is strictly confidential and that the including the management are required to review

People's Republic of China and other national laws conflict-of-interest declaration form to minimize rights and interests of whistleblowers are not the above training courses at least once every three

and regulations. Additionally we abide by the Code the risk of damaging the Company's interests due infringed upon and the whistleblowers are not years and some employees in key positions are

of Ethics & Conduct the Anti-bribery & Corruption to conflict of interest. We also deal with conflicts subjected to any form of retaliation. required to undergo anti-bribery and anti-corruption

Policy 20 the Third-party Screening Manual and of interest in a timely manner to effectively protect training once a year. We share information about

other rules on business ethics developed by the our interests. In 2024 there were 1047 conflict-of- RAISING AWARENESS OF ANTI- promote the reporting channels and procedures

Group. We have formulated a series of codes interest declarations a coverage rate of 100%. The our "Speak Up Helpline" through lectures emails

of conduct and contract templates such as the Company did not experience any major corruption CORRUPTION computer screen savers and the Company's intranet

Employee Manual the Manual on Gifts Banquets or bribery incidents nor was it involved in any to encourage employees to actively participate in

and Receptions the Product Distribution Agreement. judicial cases in 2024. We attach importance to cultivating employees' the supervision and management of our operations

These guidelines standardize the standards of business ethics and take multiple measures to and to create a clean fair and honest operating

ethical conduct to be observed by employees comprehensively improve their awareness of REGULATING PARTNER PRACTICES environment.suppliers and distributors in their business activities. honesty self-discipline and law-abiding compliance.We also strictly manage and supervise undesirable We require all new hires to complete promote the

We encourage all external partners to participate

practices such as anti-corruption and anti-

in building and maintaining a clean and healthy

bribery trade sanctions and export control unfair

business environment that adheres to our code of In 2024 we were involved in

competition conflicts of interest and information

ethics and conduct. Our suppliers licensees and

confidentiality risks through these rules. %

distributors are required to sign and comply with 100

the Supplier & Licensee Code of Conduct as well 0 of our suppliers had signed the agreements

We have established a sound business ethics

as other applicable local laws and regulations. In corruption or bribery on business ethics

management system. The Company's business

2024 100% of our suppliers signed the Agreements incidents

ethics are supervised by the CEO and CFO and

on Business Ethics and the Honesty and Integrity

the senior legal director is also the chairman of

Agreement.the Company's Supervisory Board responsible In 2024 we were involved in 100%

for compliance management and reporting to

the CFO on a regular basis. Additionally we also PROTECTING WHISTLEBLOWERS

of our suppliers had signed the Honesty and

Integrity Agreement

integrate anti-bribery anti-corruption and other 0

business ethics issues into the scope of internal We have formulated the Speak Up Helpline judicial cases

audits to ensure the effectiveness of business ethics Handbook and set up various reporting channels

governance system. such as emails calls and the third-party

anonymous reporting platform known as the

ANTI-BRIBERY & ANTI-CORRUPTION "Speak Up Helpline" to encourage all employees

and business-related personnel to actively report

any violations of our business ethics and code of

We firmly oppose any form of bribery and

conduct. We standardize the reporting mechanism

corruption explicitly stipulate that employees

and processing standards. After receiving a report

are not allowed to accept any gifts or dinner

we ensure that our full-time investigators will be

20 https://carlsbergchina.com.cn/media/2halxquw/anti-bribery-corruption-policy_eng_aug-2019.pdf

Chongqing Brewery Environmental Social & Governance Report 66ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

DATA SECURITY &

PRIVACY PROTECTION

We attach great importance to information security data security management framework we have the collection and use of customer personal privacy protection of all employees we require all

and privacy protection and are committed to formulated internal policies such as the Information information by WeChat official accounts mini new hires to complete information security related

protecting the information security and privacy Security and Acceptable Use Policy the Records programs apps and other platforms establishes training within 30 days of joining the Company and

rights of the enterprise employees contractors Management and Personal Information Protection clear requirements for the use of obtained personal review the course at least once every three years.suppliers consumers partners and other Guideline the Procurement Process Security information in advertising and data sharing. We Additionally we have more strict control over

stakeholders. among others. The Company had no security provide consumers with customer service hotline personnel in key positions and conduct regular

incidents related to data leakages in 2024. mailbox and other diversified feedback channels information security education and training to

DATA SECURITY MANAGEMENT to comprehensively safeguard consumers' right enhance their awareness and skill level to protect

PERSONAL INFORMATION AND to know and other related rights and interests to personal information of employees and consumers.PRIVACY PROTECTION avoid infringement of personal privacy information.We strictly comply with the Data Security Law of

the People's Republic of China and other related DATA SECURITY AWARENESS

laws and regulations. On the basis of IT Assets We pay great attention to the protection of TRAINING

Management Procedures Security Software consumers' personal privacy information. We have

Development Program and other standards for developed and abide by the Personal Information

information security management. To build a sound Protection Policy. This policy strictly regulates To enhance the awareness of data security and

We have established a sound security management system to standardize the principles classification processing and protection measures regarding information record

Data security management and have developed a specific process for personal information protection. Meanwhile we have specified rules and requirements on computer and network

management system management data security and privacy protection in the Employee Manual . Additionally all employees are required to sign a confirmation letter of the Information

Security and Acceptable Use Policy and submit a receipt to ensure their compliance with the policy as our joint efforts to safeguard data security.In core applications and systems design and development we need to ensure that security controls are included to ensure the integrity stability and confidentiality of our

Data protection software. Secondly we enforce strict management of user and employee data through various measures such as setting company access control permissions setting

employee data access permissions and setting up firewalls. At the same time we regularly engage third-party professional institutions to conduct penetration tests on

measures the Company's applications timely identify and deal with existing data security protection vulnerabilities and form relevant security test reports. In addition we conduct

simulation and penetration tests on suppliers to regularly assess their data security capabilities to ensure compliance and security of enterprise data management.To maximize the security of enterprise data we have established an emergency response mechanism for sudden data breaches and have formulated the Emergency Plan

for Personal Information Security Incidents and the Emergency Response Procedures and updated them in accordance with changes in laws and regulations. In the event

Emergency response of a personal information security incident resulting from unauthorized access public disclosure tampering or loss of information we promptly launch an emergency plan

mechanism take necessary remedial measures conduct detailed investigations and report the handling status to the relevant agencies to minimize the adverse impact. In the meantime

we inform consumers of the basics of the security incident and the possible impact and other information. We also regularly conduct emergency drills and training for staff

in the Data Security Operations Center.Data security We regularly invite third-party organizations with professional qualifications to conduct vulnerability scanning and security assessment timely detect vulnerabilities

assessment in our applications assign corresponding risk levels and give corresponding remediation suggestions for the potential impact of vulnerabilities.Chongqing Brewery Environmental Social & Governance Report 67ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

INTELLECTUAL PROPERTY Case A VICTORY IN "WUSU" TRADEMARK RIGHTS PROTECTION

RIGHTS PROTECTION

The brand is one of the most important intangible In April 2024 the civil litigation case of trademark infringement and unfair competition brought by the Intellectual Property Accomplishments

assets of modern enterprises and we highly value Company against Niaosu Beer (Nanjing) Co. Ltd. and other defendants was rated as a "typical case for

the protection of our intellectual property rights. optimizing the law-based business environment" by the Supreme People's Court and was selected as one

We strictly adhere to laws and regulations such as of the top 10 typical cases of intellectual property protection of the year by several courts. The case was Cumulative New Acquisition in acquisition by declaration

the Patent Law of the People's Republic of China concluded by the Jiangsu High People's Court which found that "Niaosu" beer had infringed our "Wusu" and 2024the end of 2024 in 2024

and the Trademark Law of the People's Republic other trademark rights and the packaging and decoration of "Niaosu" beer was highly similar to the overall

of China have strengthened the cooperation with red-can packaging of our Wusu beer constituting unfair competition. Patents 143 5 4

industry organizations associations government

authorities and media and joined the Beer Branch Therefore the court ordered Niaosu Beer (Nanjing) Co. Ltd. to stop infringing on our "Wusu" series trademark

of China Alcoholic Drinks Association the T541 rights to stop using packaging and decoration similar to our Wusu products to stop using and change its Copyrights 116 28 28

Standard Committee the Quality Brand Protection business name "Niaosu Beer (Nanjing) Co. Ltd." to publish a statement to eliminate the impact and to

Committee of China Association of Enterprises with compensate us RMB 2.08 million. Trademarks 616 30 111

Foreign Investment and the Intellectual Property

Union of the Embassy of the Kingdom of Denmark This case was reported by CCTV People's Court Daily and other mainstream media reflecting far-reaching

in China. social significance. This case not only protects the legitimate rights and interests of consumers and the brand

image of our "Wusu Beer" but also highlights the Company's determination to combat brand infringement.We have established an intellectual property

protection mechanism clarified the principles

and standards for the maintenance use licensing

and transfer and risk prevention and control of

trademark registration patent application and

copyright registration and strictly standardized the

management of intellectual property rights. In the

meantime we set up individual pioneer awards

666 golden ideas and other awards to encourage

our employees to participate in the Company's

innovation and research and development.In addition we cooperate with third-party

professional organizations to monitor market

infringements timely detect and actively take

effective measures to stop infringement incidents

and strive to protect the legitimate rights and

interests of our brand. In 2024 we continued to

strengthen cooperation with relevant internal and

external parties to strengthen our efforts to combat

counterfeit and infringing products in the market.We successfully cracked down on 58 counterfeiting

and infringing cases in 2024 effectively protecting

our legitimate rights and interests. News Report on Wusu VS. Niaosu Case

Chongqing Brewery Environmental Social & Governance Report 68ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

DISTRIBUTOR

MANAGEMENT

The Company has founded and has a diverse mechanism for distributors to be included in our of product and service quality to customers and "Carlsberg Learning" app was 90.8% cumulating

range of brands and a large sales network. As database. In the performance stage we evaluate continue to cooperate with distributors for win- 85033 learning hours; we launched 26 high-quality

the backbone of the Company in the market and review the performance of distributors in four win results. In 2024 we organized 322 offline courses online with 471176 participants; we held

distributors play a vital role. We are well aware of dimensions quarterly and annually including training sessions for sellers and distributors with 9 livestreaming sessions with 13203 participants;

the importance of maintaining good communication business performance business capability channel 16236 participants; we had 137 active internal and we organized three competitions with 8837

with distributors and fully respect and recognize management and warehousing and logistics and sales trainers; the average monthly activity rate at participants.every distributor so we are committed to building data management. For distributors with violations

a solid and efficient communication bridge with and major malicious acts in the cooperation process

distributors so as to ensure the quality and we immediately put them on the elimination list

efficiency of the sales network and the top-quality and take necessary measures. We aim to promote

services to consumers. a healthy compliant sales network with dynamic

management.STANDARDISED DISTRIBUTOR

DISTRIBUTOR ABILITY TRAINING

MANAGEMENT 322 137

The support and contribution of our distributors offline training sessions for active internal sales

We have established the Product Distribution is also a key link in the long-term and stable sellers and distributors trainers

Agreement which we keep updating. It clearly development of the Company so we attach

stipulates the quality standards expiration date great importance to maintaining efficient and

packaging branding business ethics and codes close communication with them. We implement

of conduct for our distributors. Meanwhile all hierarchical distributor management and tailor

distributors are required to sign the commitment business development plans training directions and 16236

letter committing not to engage in any unfair cooperation strategies for distributors according participants

competition in violation of laws and regulations to their categories. In addition we continue to

and to actively abiding by the Product Distribution expand diversified communication channels

Agreement and the relevant requirements and including distributor conferences monthly visits

provisions of the distribution areas and channels. and satisfaction surveys actively understand and

This ensures that distributors conform to the respond to their needs and suggestions and jointly

principle of fairness and justice in sales activities discuss business development strategies.effectively protects the quality of distributors'

products and services and promotes the

DISTRIBUTOR SERVICE TRAINING

improvement of market competitiveness to realize

the coordinated development of distributors with

the Company. We have established diversified distributor

communication channels including distributor

DISTRIBUTOR ASSESSMENT conferences monthly visits and satisfaction

surveys. In the meantime we also carry out a

variety of special training to provide distributors

To standardize distributor management we with enabling support promote the improvement

have established a corresponding assessment

Chongqing Brewery Environmental Social & Governance Report 69ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

APPENDIX

THIRD-PARTY COMMENT

The year 2024 saw Chongqing Brewery entering In terms of social responsibility Chongqing suggested to be improved in the future. For instance parameters and achieve precise cost reduction and

a new stage of "Accelerated SAIL". Facing the Brewery's responsible drinking initiative covers the promote decarbonization in upstream of the supply efficiency increase.the complex and changing market environment whole country public welfare investment continues chain; develop plans to increase the proportion of

Chongqing Brewery with the focus on the "Together to increase (such as the "Healthy Mother Express" recycled components in cans; strengthen water We issued the ESG Disclosure Guidelines for

Towards ZERO and Beyond (TTZAB)" program project) employee training coverage reached 100% resources management and quantify ecological Chinese Alcoholic Beverage Enterprises and the

systematically demonstrated its strategic layout and safety management system has been improved restoration results; and promote the electrification of ESG Evaluation Guidelines for Chinese Alcoholic

and obtained practical achievements in the fields of (the number of lost-time accidents decreased by logistics fleets. Beverage Enterprises in 2024 to provide standardized

environment society and governance sufficiently 92%). It is actively pursuing the "ZERO Farming guidance for the industry. In the latest ESG report

showcasing its leading role as the industry model. Footprint" target that 30% of its raw materials are Consumption scenario reconstruction to enhance Chongqing Brewery referred to the relevant

from regenerative agricultural practices and are the differentiation of public welfare brands. It is guidelines demonstrating its excellent practices

According to the ESG Report 2024 the strategic sustainably sourced by 2030 and 100% of its raw suggested that Chongqing Brewery continue to in environmental protection social responsibility

positioning of Chongqing Brewery is clear and materials are from regenerative agricultural practices excavate local cultural symbols deeply bind public and corporate governance. In general Chongqing

its whole value chain ESG governance system and are sustainably sourced by 2040 so as to welfare projects with regional characteristics build Brewery's 2024 ESG report highlights corporate

covering the six ZERO targets including "ZERO enhance the resilience of agricultural ecosystems. differentiated public welfare brand image through responsibility and provides an important reference

Carbon Footprint" "ZERO Water Waste" and "ZERO limited products cultural experience activities and for the high-quality development of the industry.Packaging Waste" is in line with the country's "dual In terms of corporate governance Chongqing other ways and enhance consumer emotional It is expected to continue to lead the ESG practice

carbon" strategy. Chongqing Brewery achieved Brewery's governance structure is transparent and identification. Collaborate with industry associations of the industry and drive more alcoholic beverage

MSCI ESG rating jumping to AA and also lead efficient its three-tier ESG management system environmental protection organizations and other enterprises to promote green and sustainable

the high-quality development of the industry (CEO - TTZAB Target Owners - ESG Owners) forces to design public welfare actions for issues development.through technological innovation and ecological co- promises the efficient transmission from strategy to such as water resources protection and cultural

construction. execution and its ESG governance structure and risk inheritance and enhance the social value and

management mechanism are sound demonstrating industry demonstration of public welfare projects

In terms of environmental responsibility Chongqing high-level corporate management practices. through resource sharing and joint communication.Brewery uses 100% green electricity with carbon

emissions reduced by 76.7% from 2015 achieving Suggestion: Create industry digital intelligence benchmark with

significant carbon emission reduction across the technology empowerment. Digital intelligence

value chain. As Carlsberg's first "sponge plant" Deepen carbon emission reduction across the value has become an important way for enterprises

globally Sanshui production base in Foshan chain. Chongqing Brewery's water consumption to cultivate new quality productive forces. It is

stands at the forefront of the industry in terms of in 2024 was significantly reduced water-saving suggested that Chongqing Brewery build a digital

technology application and resource utilization technology continued to take the lead and Scope intelligence platform covering the entire value chain

efficiency and becomes a model of green 1+2 carbon emissions were significantly reduced. of raw material planting brewing process and

manufacturing. Lightweight packaging and recycling efforts have packaging logistics collect production data in real

shown remarkable results. The following aspects are time introduce AI algorithms to optimize process

ChongCqhionngg Bqirnegw eBrrye wEnervyir oEnmvireonntamle Snotaclia Sl o&c iGaol v&e rGnoavnecren aRnecpeo rRteport 70ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

GRI INDEX

Instructions The Company reports the information referenced in this GRI Content Index with reference to GRI standards for the reporting period from 1 January 2024 to 31 December 2024.GRI 1 used GRI 1: Foundation2021

S/N Indicators Description Location S/N Indicators Description Location

1 2/1 Organizational details ABOUT US DIVERSITY EQUITY &

20 2/20 Process to determine remuneration

INCLUSION

2/2 Entities included in the organization's sustainability re-

2 ABOUT US

porting DIVERSITY EQUITY &

21 2/21 Annual total compensation ratio

INCLUSION

3 2/3 Reporting period frequency and contact point ABOUT THE REPORT

GRI 2:

22 2/22 Statement on sustainable development strategy ABOUT US

4 2/4 Restatements of information ABOUT THE REPORT General Disclosures

STAKEHOLDER ENGAGE-

5 2/5 External assurance THIRD-PARTY COMMENT 29 2/29 Approach to stakeholder engagement MENT

6 2/6 Activities value chain and other business relationships ABOUT THE REPORT DIVERSITY EQUITY &

30 2/30 Collective bargaining agreements

INCLUSION

ZERO Accidents Culture

7 2/7 Employees DIVERSITY EQUITY & DOUBLE MATERIALITY

INCLUSION 31 3/1 Process to determine material topics ASSESSMENT

ZERO Accidents Culture

8 2/8 Workers who are not employees DIVERSITY EQUITY & GRI 3: DOUBLE MATERIALITY 32 3/2 List of material topics

INCLUSION Material Topics ASSESSMENTGRI 2:

General Disclosures

9 2/9 Governance structure and composition ESG GOVERNANCE DOUBLE MATERIALITY 33 3/3 Management of material topics

ASSESSMENT

11 2/11 Chair of the highest governance body ESG GOVERNANCE

GRI 204:

2/12 Role of the highest governance body in overseeing the 42 Procurement Practic- 204/1 Proportion of spending on local suppliers RESPONSIBLE SOURCING

12 ESG GOVERNANCE

management of impacts es

13 2/13 Delegation of responsibility for managing impacts ESG GOVERNANCE COMPLIANCE MANAGE-43 205/1 Operations assessed for risks related to corruption

MENT

2/14 Role of the highest governing body in sustainability re-

14 PRESIDENT'S MESSAGE

porting GRI 205: 205/2 Communication and training about anti-corruption COMPLIANCE MANAGE-44

Anti-corruption policies and procedures MENT

COMPLIANCE MANAGE-

15 2/15 Conflicts of interest

MENT COMPLIANCE MANAGE-

45 205/3 Confirmed incidents of corruption and actions taken

MENT

16 2/16 Communication of critical concerns ABOUT US

GRI 206:

206/1 Legal actions for anti-competitive behavior anti-trust COMPLIANCE MANAGE-

DIVERSITY EQUITY & 46 Anti-competitive Be-

19 2/19 Remuneration policies and monopoly practices MENT

INCLUSION havior

Chongqing Brewery Environmental Social & Governance Report 71ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

S/N Indicators Description Location S/N Indicators Description Location

47 301/1 Materials used by weight or volume ZERO Packaging Waste 68 305/5 Reduction of GHG emissions ZERO Carbon Footprint

GRI 301:

48 301/2 Recycled input materials used ZERO Packaging Waste

Materials 69 GRI 305: 305/6 Emissions of ozone-depleting substances (ODS) ZERO Carbon Footprint

Emissions

49 301/3 Reclaimed products and their packaging materials ZERO Packaging Waste

305/7 Nitrogen oxides (NOx) sulfur oxides (SOx) and other

70 ZERO Carbon Footprint

significant air emissions

50 302/1 Energy consumption within the organization ZERO Carbon Footprint

71

51 306/1 Waste generation and significant waste-related impacts

EMISSIONS MANAGEMENT

302/2 Energy consumption outside the organization ZERO Carbon Footprint

52 GRI 302: 302/3 Energy intensity ZERO Carbon Footprint 72 306/2 Management of significant waste-related impacts EMISSIONS MANAGEMENT

Energy

GRI 306:

53 302/4 Reduction of energy consumption ZERO Carbon Footprint 73 306/3 Waste generated EMISSIONS MANAGEMENTEffluents and Waste

302/5 Reductions in energy requirements of products and

54 ZERO Carbon Footprint 74 306/4 Waste diverted from disposal EMISSIONS MANAGEMENT

services

75 306/5 Waste directed to disposal EMISSIONS MANAGEMENT

55 303/1 Interactions with water as a shared resource ZERO Water Waste

GRI 307:

56 303/2 Management of water discharge-related impacts ZERO Water Waste

76 Environmental Com- 307/1 Violation of environmental laws and regulations ZERO Carbon Footprint

pliance

57 GRI 303: 303/3 Water withdrawal ZERO Water Waste

Water and Effluents 308/1 New suppliers that were screened using environmental

58 303/4 Water discharge ZERO Water Waste 77 RESPONSIBLE SOURCING

GRI 308: criteria

Supplier Environmen-

59 303/5 Water consumption ZERO Water Waste tal Assessment 308/2 Negative environmental impacts in the supply chain 78 RESPONSIBLE SOURCING

and actions taken

304-1 Operational sites owned leased managed in or adja- DIVERSITY EQUITY & IN-

60 cent to protected areas and areas of high biodiversity value ZERO Farming Footprint 79 401/1 New employee hires and employee turnover CLUSION

outside protected areas

GRI 401: 401/2 Benefits provided to full-time employees that are not DIVERSITY EQUITY & IN-

304/2 Significant impacts of activities products and services 80

61 GRI 304: ZERO Farming Footprint Employment provided to temporary or part-time employees CLUSIONon biodiversity

Biodiversity

DIVERSITY EQUITY & IN-

62 304/3 Habitats protected or restored ZERO Farming Footprint 81 401/3 Parental leave CLUSION

304/4 IUCN Red List species and national conservation list

63 ZERO Farming Footprint 83 403/1 Occupational health and safety management system ZERO Accidents Culture

species with habitats in areas affected by operations

64 305/1 Direct (Scope 1) GHG emissions ZERO Carbon Footprint 403/2 Hazard identification risk assessment and incident 84 ZERO Accidents Culture

GRI 403: investigation

65 305/2 Energy indirect (Scope 2) GHG emissions ZERO Carbon Footprint Occupational Health

GRI 305: 85 and Safety 403/3 Occupational health services ZERO Accidents Culture

Emissions

66 305/3 Other indirect (Scope 3) GHG emissions ZERO Carbon Footprint

403/4 Worker participation consultation and communication

86 ZERO Accidents Culture

67 305/4 GHG emissions intensity ZERO Carbon Footprint on occupational health and safety

Chongqing Brewery Environmental Social & Governance Report 72ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

S/N Indicators Description Location S/N Indicators Description Location

87 403/5 Worker training on occupational health and safety ZERO Accidents Culture 412/1 Operations that have been subject to human rights DIVERSITY EQUITY & IN-

101

reviews or impact assessments CLUSION

88 403/6 Promotion of worker health ZERO Accidents Culture

GRI 412: 412/2 Employee training on human rights policies or proce- DIVERSITY EQUITY & IN-

403/7 Prevention and mitigation of occupational health and 102

89 ZERO Accidents Culture Human Rights Assess- dures CLUSION

GRI 403: safety impacts directly linked by business relationships ment

Occupational Health

and Safety 403/8 Workers covered by an occupational health and safety 412/3 Significant investment agreements and contracts that

90 ZERO Accidents Culture DIVERSITY EQUITY & IN-

management system 103 contain human rights provisions or have been subject to CLUSION

human rights reviews

91 403/9 Work-related injuries ZERO Accidents Culture

104 414/1 New suppliers that were screened using social criteria RESPONSIBLE SOURCING

92 403/10 Work-related ill health ZERO Accidents Culture GRI 414:

Supplier Social Assess-

DIVERSITY EQUITY & IN- ment 414/2 Negative social impacts in the supply chain and actions

93 404/1 Average hours of training per year per employee 105 RESPONSIBLE SOURCING

CLUSION taken

GRI 404: 404/2 Programs for upgrading employee skills and transition DIVERSITY EQUITY & IN-

94 Training and Educa- 416/1 Assessment of the health and safety impacts of product ZERO Irresponsible Drinking assistance programs CLUSION 106

tion and service categories PRODUCTS AND SERVICESGRI 416:

Customer Health and

404/3 Percentage of employees receiving regular performance DIVERSITY EQUITY & IN-

95 Safety

and career development reviews CLUSION 416/2 Incidents of non-compliance concerning the health and ZERO Irresponsible Drinking

107

safety impacts of products and services PRODUCTS AND SERVICES

DIVERSITY EQUITY & IN-

96 405/1 Diversity of governance bodies and employees

GRI 405: CLUSION 417/1 Requirements for product and service information and

Diversity and Equal 108 ZERO Irresponsible Drinkinglabeling

Opportunity 405/2 Ratio of basic salary and remuneration of women to DIVERSITY EQUITY & IN-

97

men CLUSION

GRI 417:

417/2 Incidents of non-compliance concerning product and

GRI 406: DIVERSITY EQUITY & IN- 109 Marketing and Label- ZERO Irresponsible Drinking

98 406/1 Incidents of discrimination and corrective actions taken service information and labeling

Anti-discrimination CLUSION ing

GRI 408: 408/1 Operations and suppliers at significant risk for incidents DIVERSITY EQUITY & IN- 417/3 Incidents of non-compliance concerning marketing

99 110 ZERO Irresponsible Drinking

Child Labor of child labor CLUSION communications

GRI 409:

409/1 Operations and suppliers at significant risk for incidents DIVERSITY EQUITY & IN-

100 Forced or Compulsory GRI 418: 418/1 Substantiated complaints concerning breaches of cus- COMPLIANCE MANAGE-

of forced or compulsory labor CLUSION 111

Labor Customer Privacy tomer privacy and losses of customer data MENT

Chongqing Brewery Environmental Social & Governance Report 73ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

SSE ESG INDEX

Dimension S/N Topic Article Location

1 Tackling climate change Articles 21-28 ZERO Carbon Footprint

2 Pollutant discharge Article 30 EMISSIONS MANAGEMENT

3 Waste disposal Article 31 EMISSIONS MANAGEMENT

4 Ecosystem and biodiversity conservation Article 32 ZERO Farming Footprint

Environment

5 Environmental compliance management Article 33 ZERO Carbon Footprint

6 Energy utilization Article 35 ZERO Carbon Footprint

7 Water utilization Article 36 ZERO Water Waste

8 Circular economy Article 37 ZERO Packaging Waste

9 Rural revitalization Article 39 COMMUNITY ENGAGEMENT

10 Social contribution Article 40 COMMUNITY ENGAGEMENT

11 Innovation-driven development Article 42 COMPLIANCE MANAGEMENT

12 Scientific and technological ethics Article 43 COMPLIANCE MANAGEMENT

Environment 13 Supply chain security Article 45 RESPONSIBLE SOURCING

14 Equal treatment of SMEs Article 46 RESPONSIBLE SOURCING

15 Product and service safety and quality Article 47 PRODUCTS AND SERVICES

16 Data security and customer privacy protection Article 48 COMPLIANCE MANAGEMENT

17 Employees Article 50 DIVERSITY EQUITY & INCLUSION

18 Due diligence Article 52 COMPLIANCE MANAGEMENT

19 Stakeholder engagement Article 53 ABOUT US

Governance

20 Anti-commercial bribery and anti-corruption Article 55 COMPLIANCE MANAGEMENT

21 Anti-unfair competition Article 56 COMPLIANCE MANAGEMENT

Chongqing Brewery Environmental Social & Governance Report 74ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

INDEX FOR ALCOHOLIC BEVERAGE

ENTERPRISE ESG DISCLOSURE

S/N Dimension Primary indicators Secondary indicators Location S/N Dimension Primary indicators Secondary indicators Location

Environmental management system ZERO Carbon Footprint Supply chain manage-

1 21 Supplier management RESPONSIBLE SOURCING

and organizational structure EMISSIONS MANAGEMENT ment

Environmental manage-

ment

Environmental risk prevention and Supply chain manage-

2 EMISSIONS MANAGEMENT 22 Supply chain link management RESPONSIBLE SOURCING

control and emergency management ment

3 Energy ZERO Carbon Footprint Employee recruitment and employ- DIVERSITY EQUITY & INCLUSION 23

ment ESG KPIS

4 Water and Effluents ZERO Water Waste

24 Society Employee rights and Employee benefits and security DIVERSITY EQUITY & INCLUSION

5 Raw materials and supplies ZERO Farming Footprint interests

Resource consumption 25 Employee safety and health ZERO Accidents Culture

6 Waste EMISSIONS MANAGEMENT

26 Talent and development DIVERSITY EQUITY & INCLUSION

ZERO Packaging Waste

7 Packaging materials

ESG KPIS 27 Social responsibility COMMUNITY ENGAGEMENTSocial impact

8 Environment Waste water EMISSIONS MANAGEMENT 28 Community building COMMUNITY ENGAGEMENT

9 Waste gas EMISSIONS MANAGEMENT 29 Shareholders' (general) meeting COMPLIANCE MANAGEMENT

Pollution control

30 Board of directors COMPLIANCE MANAGEMENT

10 Solid waste EMISSIONS MANAGEMENT

Governance structure

31 Board of supervisors COMPLIANCE MANAGEMENT

11 Noise pollution EMISSIONS MANAGEMENT

32 Senior management COMPLIANCE MANAGEMENT

12 Climate change risk management ZERO Carbon Footprint

33 Compliance management COMPLIANCE MANAGEMENT

13 Climate change GHG emissions ZERO Carbon Footprint

34 Risk management COMPLIANCE MANAGEMENT

14 Low-carbon development ZERO Carbon Footprint Corporate gov-

35 ernance Supervision and management COMPLIANCE MANAGEMENT

15 Land utilization ZERO Farming Footprint

Ecological protection Governance mechanism STAKEHOLDER ENGAGEMENT

16 Biodiversity ZERO Farming Footprint 36 Information disclosure COMPLIANCE MANAGEMENT

17 Production specification ZERO Accidents Culture 37 Executive incentive DIVERSITY EQUITY & INCLUSION

18 Product quality and safety PRODUCTS AND SERVICES 38 Business ethics COMPLIANCE MANAGEMENT

Society Production liability

19 Responsible marketing ZERO Irresponsible Drinking 39 Innovative development COMPLIANCE MANAGEMENT

Governance efficiency

20 Customer service and rights PRODUCTS AND SERVICES 40 Sustainability ESG PROGRAM

Chongqing Brewery Environmental Social & Governance Report 75ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

ESG KPIS

Focus areas Indicators Unit 2024

CO2 emissions from the use of natural gas tCO2e 75622.75

CO2 emissions from the use of biogas produced by sewage plants tCO2e 0.22

CO2 emissions from district heating facilities (with standard heating systems) tCO2e 22111.35

CO2 emissions from the heat energy consumed tCO2e 97734.31

Total CO2 emissions from breweries tCO2e 101171.13

GHG emissions

CO2 emissions from refrigerants tCO2e 3436.82

GHG emissions (Scope 1) tCO2e 79059.78

GHG emissions (Scope 2) tCO2e 22111.35

GHG emissions (Scope 1+Scope 2) tCO2e 101171.13

GHG emissions (Scope 1+Scope 2) intensity tCO2e/ RMB 10000 in revenue 0.07

Heat energy from natural gas MWh 373077.18

Heat energy generated by biogas from sewage plants MWh 977.80

Heat from district heating facilities (with standard heating systems) MWh 75208.69

Total consumption of power MWh 169004.17

Total thermal energy consumption MWh 449263.67

Energy consumption in production

Direct energy consumption MWh 376639.63

Indirect energy consumption MWh 241628.21

Comprehensive energy consumption MWh 618267.84

Comprehensive energy consumption intensity MWh/RMB 10000 in revenue 0.42

Percentage of renewable electricity % 100

Own boreholes m3 324303.00

Municipal water m3 5461339.87

Water

Surface water m3 402551.00

Total water use m3 6188193.87

Chongqing Brewery Environmental Social & Governance Report 76ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Focus areas Indicators Unit 2024

Total water consumption m3 6047607.98

Water Total water consumption intensity m3/RMB 10000 in revenue 4.13

Amount of reclaimed water 10000 tonnes 22.56

Ammonia tonnes 16.36

Total phosphorous tonnes 6.06

Suspended solids tonnes 132.63

Wastewater discharge COD of raw sewage from per hectoliter of beer produced kg/hl 0.30

Amount of sewage from per hectoliter of beer produced hl/hl 0.95

Average COD of raw sewage g/ m3 79246.67

Total sewage discharge m3 2750942.48

Total amount of hazardous waste discharge tonnes 464.62

Hazardous waste discharge density tonnes/RMB 10000 in revenue 0.0003

Waste discharge

Total amount of non-hazardous waste discharge tonnes 109354.79

Non-hazardous waste discharge density tonnes/ RMB 10000 in revenue 0.07

Black Smoke (dust) tonnes 15.81

Waste gas emissions SOx emissions tonnes 1.81

NOx emissions tonnes 40.74

Metal tonnes 33602

Glass tonnes 589411

Packaging management

Plastics tonnes 8386

Paper tonnes 119173

Number of lost-time accidents of employees / 2

Number of employee fatal accidents / 0

Work safety

Number of lost-time accidents of contractors / 0

Number of contractor fatal accidents / 0

Chongqing Brewery Environmental Social & Governance Report 77ABOUT THE REPORT PRESIDENT'S MESSAGE ABOUT US SIX TTZAB AMBITIONS KEY FOCUS AREAS APPENDICES

Focus areas Indicators Unit 2024

Work-related injury insurance premium RMB10000 530.83

Work-related injury insurance coverage % 100

Work safety

Safety production liability insurance premium RMB10000 98.83

Safety production liability insurance coverage % 100

Workforce Total workforce person 6861

Number of new employees person 824

Number of male employees person 4827

Number of female employees person 2034

Permanent employees person 6769

Temporary employees person 92

Full-time employees person 6769

Part-time employees (including interns) person 92

19-29 person 1225

30-39 person 2680

40-49 person 1841

50 or older person 1115

Employee turnover percentage 21 Employee turnover rate % 13.8

Male % 69.4

Female % 30.6

19-29%32.3

30-39%34.9

40-49%13.7

50 or older % 19.1

Average hours of training per employee h 37

Percentage of employees covered by collective bargaining agreements % 52.2

Number of employees with legal labor relations % 100

21 Employee turnover rate = total number of employee turnover/number of employees; Employee turnover rate by category = number of employee turnover by category/total number of employee turnover.

Chongqing Brewery Environmental Social & Governance Report 78重啤股份环境、社会和公司治理报告 六个零目标酿造更美好的现在和未来

If you have any questions or suggestions please contact:

Name Xie Yi Name Jane NI

Title Vice president of Corporate Affairs Title Senior Corporate Affairs Manager

Email CNSMChinaCommunication@Carlsberg.aisa Email CNSMChinaCommunication@Carlsberg.aisa

CNSMChinaCommunication@carlsberg.asia CNSMChinaCommunication@carlsberg.asia

Contact Address 12&13F Kingold Century No. 62 Jinsui Road Zhujiang New Contact Address 12&13F Kingold Century No. 62 Jinsui Road Zhujiang New

Town Tianhe District Guangzhou 510623 P.R. China Town Tianhe District Guangzhou 510623 P.R. China

Phone Number 4001600132 Phone Number 4001600132

Website www.cwawrlwsb.cearrlgsbcehrginchain.cao.cmom..ccnn Website www.carlsbergchina.com.cn

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