Antong Holdings 2025 Environmental Social and Governance (ESG) Report 1/1Antong Holdings 2025 Environmental Social and Governance (ESG) Report 02/03

About the Report

Report Overview

This report is the Environmental Social and Corporate Governance (ESG) Report of Antong Holdings Co. Ltd. (hereinafter referred

to as “the Report”) disclosing and presenting the Company’s performance in environmental social and corporate governance

areas to stakeholders and other parties. The Report has been reviewed and approved by the Board of Directors of the Company

which assumes responsibility for the authenticity and validity of the information contained herein.Scope of Report

The scope of information disclosed in the Report covers Antong Holdings its branches and subsidiaries which is consistent with

the scope of the consolidated financial statements of Antong Holdings (600179).Scope of Time

Unless otherwise specified the scope of time covered in the Report is from January 1st 2025 to December 31st 2025. To ensure

the completeness of the Report the scope of time for certain information has been extended both forward and backward.Data Sources

All information and data in the Report are sourced from the Company’s official documents publicly disclosed materials and

internal statistical reports. The financial data cited in the Report is based on the annual report. Unless otherwise specified all

currencies mentioned in the Report are in RMB.Basis for Preparation

The Report complies with the Shanghai Stock Exchange Listed Companies Self-Regulatory Guidance No. 1 — Standardized Op-

erations Shanghai Stock Exchange Listed Companies Self-Regulatory Guidance No. 14 — Sustainability Reports (Trial) Shanghai

Stock Exchange Listed Companies Self-Regulatory Guidance No. 4 — Preparation of Sustainability Reports (Revised in January

2026) with reference to the Global Sustainability Standards Board (GSSB)'s GRI Sustainability Reporting Standards (GRI Stan-

dards) and the Sustainable Development Goals (SDGs) of the United Nations.Reference Explanation

For clarity and readability it is also referred to as “Antong Holdings” “the Company” or “we” throughout the Report.Report Access

The electronic version of the Report is available for viewing and downloading on the website of the Shanghai Stock Exchange

(www.sse.com.cn).Contact Information

Antong Holdings Co. Ltd.Address: Antong Holdings Building 156 Tonggang West Street Fengze District Quanzhou Fujian Province

Contact number: 0595-28092211

Email: antong@antong56.com01 Governance as the 03 Talent-Driven Enterprise 05 Shipping with Goodwill Foundation for Steady Intelligent Navigation Logistics for People’s Progress Toward the Future for the Future Well-being

Leadership in Party Building: 18 Talent Team: 42 Rural Revitalization: 60

Harnessing Synergy for Shipping Development Building a High-Quality Talent Pipeline Empowering Comprehensive Rural Development

About the Report 02

Operational Compliance: 21 Labor Rights: 45 Social Welfare: 61

Building the Bottom Line for Secure Operations Safeguarding Employees’ Lawful Rights and Interests Conveying Corporate Warmth and Strength

Chairman Statement 06 Risk Management: 22 Occupational Health and Safety: 47Creating Pathways to Efficient Decision-Making Strengthening the Foundation of Employee Safety

Business Ethics: 23

Upholding Integrity Principles in Business Operations

About Antong 08

Holdings Information Disclosure: 25

Establishing a Multi-Party Communication Mechanism

Sustainable Devel- 14

opment Governance 02 Environmental Initiatives Collaborative Supply Chain Driven by Green and 04 Governance and Smart Intelligent Development Ecosystem Innovation Appendix 62

Climate Response: 28 R&D and Innovation: 50 Key Performance Indicators (KPIs)

Following the Core Pathway to Shipping Decarbonization Driving Industrial Iteration and Upgrading

Green Operation: 32 Supply Chain Management: 52 Indicator Index Table

Building a Low-Carbon and Green Port Ecosystem Building a Win-Win Collaborative Ecosystem

Resource Efficiency: Product and Service Responsibility: 54 Feedback Form

Promoting Efficient Circularity Across the Entire Shipping 36 Upholding Commitments to Quality and Service

Value Chain

Ecological Stewardship: 38

Protecting Marine and Coastal EcosystemsAntong Holdings 2025 Environmental Social and Governance (ESG) Report 06/07

Chairman Statement

The seasons change and new chapters unfold. Implemented sustainable development philosophy and strengthened the de-

2025 marks a critical year for Antong Holdings velopment of governance systems and capabilities

as it deepened its focus on the core business Antong Holdings integrated ESG philosophy into its entire corporate governance process establishing a three-tier management struc-

of container shipping logistics and advanced ture of “ESG Leadership Team — ESG Work Team — ESG Execution Team.” It clarified the ESG governance responsibilities of the board

its commitment to sustainable development. and all departments developed a full-cycle management plan covering risk identification and compliance audits and embedded

This year we consistently upheld our corporate sustainable principles into every business operation. Adhering to a customer-first principle we deepened coordination and collabo-mission of “advancing the industry collective- ration with partners across the industrial chain strengthened internal controls and supply chain compliance supervision and jointlyfostered a transparent and healthy industry ecosystem.ly and fostering win-win collaboration amongall stakeholders”. Guided by our core philoso- Improved the mechanisms for green and low-carbon development to enhancephy of “Virtue Bears All Integration Drives Joint the core competitiveness of high-quality developmentProgress” we fully integrated environmental

social and governance (ESG) philosophy into Guided by the “Carbon Peaking and Carbon Neutrality” goals we advanced energy conservation emissions reduction and green operations in a coordinated manner: completed energy-saving technical upgrades for vessels promoted shore power and low-sulfurevery facet of our strategic planning operation- fuel applications and deployed new energy-efficient containers; optimized the multimodal transport network of “waterways high-al management and business activities. Amidst ways and railways” to reduce transportation energy consumption; established a vessel pollution prevention system standardized

a complex and volatile market environment waste disposal procedures and conducted multiple maritime environmental protection training sessions and environmental emer-

we achieved dual empowerment of steady de- gency drills throughout the year. At the same time we prioritized production safety as our foremost concern establishing a com-

velopment and responsible stewardship. As a pany-wide production safety responsibility system. Through the implementation of responsibilities strengthening of systems and

leading integrated logistics service provider in allocation of resources we comprehensively enhanced our inherent safety and environmental management capabilities.Wang Wei China Antong Holdings consistently regards Adhering to a people-centered development philosophy we share the fruits of ESG as the core engine driving the Company's development with our employees and society

Chairman of Antong Holdings high-quality development. Looking back at theyear's ESG initiatives key achievements are re- Guided by the pursuit of “creating value for customers delivering returns for shareholders providing opportunities for employeesflected in the following three areas: and contributing to society” we established a full-cycle growth system with enhancing employees’ sense of fulfillment as our starting point. We organized over a hundred training sessions throughout the year established dual career advancement pathways improved

welfare benefits and distributed hardship assistance and medical support funds. We actively fulfilled our social responsibilities by

innovating rural revitalization assistance models launching a “single-order” rail-water intermodal freight service and implementing

targeted procurement of products from national-level key counties for rural revitalization; we advanced public welfare initiatives with

donations to the maritime search and rescue fund building a community of shared interests with our employees and society.Though heaven and earth speak no words their laws operate with perfect order and everything grows according to its nature. In the

future Antong Holdings will continue to use ESG as a key driver to deepen the optimization of its governance system increase in-

vestment in green technologies strengthen supply chain collaboration and expand the scope of its philanthropic initiatives thereby

continuously enhancing its sustainable development capabilities. We look forward to working hand in hand with all stakeholders to

drive high-quality development in the container logistics industry while creating greater environmental social and governance value

and jointly writing a new chapter in sustainable development!Antong Holdings 2025 Environmental Social and Governance (ESG) Report 08/09

About Antong Holdings Maiden voyage of Quanzhou’s first Went public through a reverse takeover on Centered around deepening value cre-50000-ton container ship “Ren Jian Yi”

the domestic main board.Honored as a ation focused onfour key areas: improving from Shihu Port deployment of newly

manufactured “Antong Blue” containers. National 5A-Rated Logistics Enterprise and

quality and efficiency promotinggreen

Company Overview Launched digital and safety deepening digital empowerment History of Development National Advanced Logistics Collective. intelligent transformation and enhancing full-staff service.announced brand renewal.Centered on market demand and container

shipping logistics Antong Holdings Co. Ltd.integrates waterway highway and railway

transportation resources. Driven by digital 003 2010

20152016

and intelligent technologies it is committed 002

2

to providing customers with green economi- 2

cal efficient and secure end-to-end contain- 025

er logistics solutions while promoting the 20 218 24

co-building co-sharing mutual benefit and 2022 20

mutual connectivity of the industrial chain

and supply chain ecosystem. This drives the Launched the first domestic and inter-

high-quality and orderly development of national trade combined shipping route

the industry. The Company has establisheda business network layout covering “river- Achieved revenue exceeding 10 billionine coastal and inland regions.” In 2025 it selected for the 3rd batch of national multi-

achieved a container throughput of 17.0188 Antong Logistics was established. modal transport demonstration projects. “One Focus Three Drivers”

million TEUs representing a year-on-year Continuously promoting digital transformation

increase of 7.71%. According to Alphaliner’s optimizing management and upgrading services.global container vessel ranking statistics as

of December 31st 2025 Antong Holdings Ansheng Shipping was established.ranked 28th globally in terms of comprehen-

sive shipping capacity and placed among

the top three inner-trade container logistics

enterprises in China.Guided by the national strategy to accelerate

the formation of a new development para-

digm centered on domestic circulation while

promoting mutual reinforcement between

domestic and international circulation An-

tong Holdings will stick to its corporate visionof “becoming a first-class integrated logis-tics service provider.” Centered on the core

principle of “deepening value creation”and guided by the motto “striving for excel-lence to advance the Company’s high-qual-

ity development; excelling in execution to

build a first-class integrated logistics serviceprovider” the Company will focus on four

key areas: improving quality and efficiency

promoting green and safe operations deep-

ening digital empowerment and enhancing

all-staff service. Upholding the principles of

quality first and efficiency priority the Com-

pany will continuously drive its high-quality

development to new heights.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 10/11

Main Business Matrix Logistics Network Layout

The Company’s logistics network has established a strategic framework of “one vertical and two horizontal corridors.” The “one vertical”

corridor connects major north-south logistics routes while the “two horizontal” corridors extend into the Yangtze River Delta and Pearl

With north-south dual-direction connectivity and land-sea integration as the development frame- River Delta economic zones. Its operations cover core regions including Northeast Southwest and South China with deep penetration into

work Antong Holdings has established a “point-to-line line-to-network” shipping service sys- major coastal and river ports nationwide. The maritime network covers 165 business ports and 41 maritime hubs while the rail network

tem by deploying its network across major domestic coastal ports and waterway corridors. The

shipping network covers all major ports across China. The Company has built 34 main routes spans 270 railway stations and 8 rail hubs. The multimodal transport system features 34 main routes and 274 sea-rail lines. Through the

with hubs at Yingkou Tianjin Qingdao Shanghai Shantou Guangzhou Haikou Zhanjiang and deep integration of waterway highway and rail resources it achieves efficient cross-regional logistics connectivity and flow.Route Transportation Services Qinzhou as its core transit hubs. Multiple dedicated routes formed the efficient connection of key

areas such as: North China-Southwest China North China-South China Shandong-Southwest

China Northeast China-East China and East China-South China. Built on precise transportation

capacity deployment high-frequency service schedules and brand-backed service guarantees

we continuously meet customers’ personalized needs. We focus on the development of innovative

green coordinated open and shared routes to build a new engine for high-quality route services.Building on a robust logistics network and high-quality container logistics services Antong Hold-

ings centers its operations on waterway transportation while expanding coverage to rail and road

transport to build a diverse multimodal transport service system encompassing sea-rail sea-road

sea-rail-road and river-sea combined transport. The Company offers mature container multimod-

al transport solutions enhancing organizational efficiency through optimized transport structures

and effectively reducing logistics costs. Simultaneously the Company integrates ports routes and

Multimodal Transport nationwide container truck transport resources efficiently coordinating rail and port units to deliv-Container Logistics Services er integrated services featuring “single consignment one shipping bill one insurance one con-tainer through and one ticket to door.” This facilitates smooth north-south logistics. Additionally

the Company promotes the end-to-end rail container transportation model effectively alleviating

container shortages in the domestic trade market. This initiative enhances the standardization and

compatibility of containers used in sea-rail transport further reducing customers’ overall logistics

costs. It injects new vitality into connecting north-south logistics corridors and serving the new

development paradigm of the “dual circulation” strategy.The Company flexibly optimizes the allocation of multiple transportation modes collaborates

closely with container truck transport providers and leverages its extensive densely-covered net-

work to achieve efficient transportation and transit services for road freight from “point to point”

“Door-to-Door” meeting customers' logistics needs for the “last mile.” Under the “integrated main and region-Comprehensive Logistics Service al routes“ resources from multiple parties including terminals vessels railways and containertrucks are effectively integrated. The “one ticket through” approach reduces complex service pro-

cedures enhances transportation efficiency and advances the supply chain toward high-efficien-

cy development. This genuinely lowers costs for shippers alleviates redundant labor and boosts Corporate Culture

production efficiency.Based on customer requirements we interface deeply with clients’ supply chain systems on top

of standardized logistics management to drive industry-specific design and deliver customized

logistics solutions. Through digital empowerment we build Antong's standardized smart logis-

Customized Smart Logistics tics system to achieve information sharing and collaborative operations across all stages opti-

Solutions mize logistics resource allocation and provide clients with intelligent logistics solutions. Taking

a twin-track approach we reduce customers’ overall logistics costs enhance delivery timeliness

strengthen customer loyalty and ensure the stability of our services.The Company actively responds to the “Belt and Road” initiative and the strategic guidance to“accelerate the formation of a new development paradigm centered on domestic circulation whilepromoting mutual reinforcement between domestic and international circulation.” We are com-

International Logistics mitted to enhancing the professional capabilities of our international business team and con-

Services tinuously improving our international business operation system. Moving forward we will fully

leverage our inland logistics network resources to explore integrated and synergistic operational

models for both domestic and international trade. By integrating domestic and international trade

resources and strengths we will further enhance overall operational efficiency to provide custom-

ers with a more comprehensive and exceptional service experience.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 12/13

Honors and Awards Performance Highlights for 2025

Total Assets Operating Income

1567983.55 RMB 10000 908010.14 RMB 10000

Net Profit Attributable to the Parent Company Income Tax Expenses

108599.05 RMB 10000 30656.24 RMB 10000

Environmental Protection Investment Number of Environmental Risk Emergency Drills

6410.75 RMB 10000 10 Times

5A-Rated Logistics Enterprise in 2025 Standing Council Member of the 2025

China Container Industry Association

Number of Training Activities in the Maritime Environmental Protection Field

78 Times

Employee Training Duration Number of Employee Training Sessions

29939.23 hours 313 Times

Customer Complaint Resolution Rate Customer Satisfaction

100%94%

2025 “Precise Container 2024 Five Star MultimodalCraftsmanship Management” Team Transport Operator

Assistant Fund for Employees with Special Hardships Donation to the Maritime Search and

Rescue Public Welfare Fund

2.80 RMB 10000 10 RMB 10000

Funds for Party Building Activities Number of Party Building Activities

8.36 RMB 10000 35 Times

Number of Board Meetings Held Integrity Education Activity Coverage Rate

12 Times 100%

2024 Key Economic Contributor 2025 Key Economic Contributor Strategic Partnership

Exemplar Award for

2025 Surpassing 50 Number of Integrity Education Activities Anti-Commercial Bribery Agreement Signing RateMillion in the “Domes-tic Circulation” 24 Times 100%

Economic Environmental

Performance Performance Social Performance Governance PerformanceAntong Holdings 2025 Environmental Social and Governance (ESG) Report 14/15

Sustainable Development Governance Dual Importance Topic Analysis

Based on Antong Holdings’ business characteristics industry trends regulatory requirements and insights from industry expert consulta-

ESG Governance Structure tions we systematically identified and screened topics that significantly impact the Company’s ESG performance and are closely aligned with its strategic objectives. These topics were selected across three dimensions—environmental social and governance—through the

following steps establishing them as Antong Holdings’ key ESG topics:

Antong Holdings is committed to promoting sus- Review and approve ESG strategies and objec-

tainable development for both the Company and ESG Leadership Team tives; Make decisions on major ESG matters; Oversee the implementation of ESG initiatives

society through responsible business practices. To review and question ESG-related reports and Initial Identification Dual Importance Analysis Topic Confirmation provide guidance.this end the Company has established a top-down of Topics and Integration

three-tier ESG governance structure comprising the

ESG Leadership Team ESG Work Team and ESG Exe- Based on domestic and Conduct a dual importance analysis for initially Integrate the results of im-

cution Team. Each level has clearly defined roles and Implement ESG strategies objectives and international sustainabili- identified topics: pact importance and finan-

systems and organize their execution; draft

responsibilities to ensure comprehensive oversight ESG Work Team ESG-related documents and plans; provide ty standards (such as GRI Impact Importance Analysis：Evaluate the po- cial importance analyses

management and execution of ESG-related mat- timely updates to the ESG leadership team SDGs SASB etc.) industry tential positive and negative impacts of each to identify key issues with

and offer constructive suggestions.ters thereby guaranteeing the orderly advancement policies and regulatory topic across environmental social and economic “dual importance” forming

of ESG initiatives. Additionally Antong Holdings has requirements combined dimensions analyzing the scale scope and irre- the final ESG key topic ma-with Antong Holdings’ trix. This matrix will serve as

formulated and disclosed its Environmental Social versibility of these impacts.business value chain and the primary focus for subse-

and Governance (ESG) Management System. This Implementation of ESG-related initiatives; operational characteris- Financial Importance Analysis：Assess the fi- quent information disclosure

framework guides the Company’s actions in envi- Collection and compilation of company ESG

ESG Execution Team information preparation of ESG reports; Orga- tics we have initially iden-

nancial impact of each issue on the Company in and practice enhancement.ronmental protection social responsibility and cor- nization of ESG training sessions; Conducting tified ESG-related topics. the short medium and long term including the

porate governance ensuring that while achieving stakeholder communication activities etc. likelihood of risks and opportunities occurring as well as their impacts on business continuity and

business objectives the Company can effectively strategic dependency.manage environmental and social risks to realize

long-term sustainable development.Intellectual Property Management

Stakeholder Communication

Antong Holdings regards fostering collaborative progress among stakeholders as the cornerstone for achieving sustainable develop-

ment. It is committed to establishing an institutionalized and regularized system for dialogue and cooperation strengthening the deep

integration of internal and external values and promoting mutual growth. The Company maintains close and timely communication Climate Change Tackling

with government departments investors customers partners and employees through a multi-tiered multi-channel communication

platform. It accurately identifies key concerns and core needs of all stakeholders systematically responds to and implements solutions Corporate Governance

thereby establishing a complete management loop from feedback to improvement. Based on this foundation we anchor the core top- Occupational Health and Safety

ics and priority directions of the Company’s sustainable development strategy aligning corporate development strategies with societal Sustainable Supply Chains

expectations to achieve deep synergy. This approach enables the coordinated enhancement of both corporate value and social value.Stakeholder Communication Energy Management

Government and Regulatory Organizations Clients and Consumers Employees Employees

Water Resources Management

Product and Service Quality and Safety

Information Disclosure Official Website Official APP Employee Training Ecosystem and Biodiversity Protection

Field Research WeChat Official Account/Customer Employee Representative Conference Emissions and Wastes Management

Corporate Symposium Service Hotline and Other Social Media Employee Hotline/Employee Forum Anti-Commercial Bribery and Anti-Corruption

User Complaints and Handling Employee Performance Review Interview

Data Security and Privacy Protection

User Satisfaction Survey

Innovation-Driven

Rural Revitalization

Shareholders and Investors Partners Media

Social Contribution

General Meeting Field Research Announcement/Press Release Intellectual Property Management

Investor Conference Supplier Meeting and Review Press Conference

Performance Briefing Supplier Contracts and Agreements Media Exchange Forum

Announcement/Press Release Meetings

Field Research On-Site Project Residency

Exchange Online Interactive Platform Industry/Peers

Financial Importance to the Company

Industry Exchange Forum

Environmental Social Governance

Economic Social and Environmental ImportanceAntong Holdings 2025 Environmental Social and Governance (ESG) Report 16/17

Performance Highlights for 2025

Number of Party Building Activities 35 Times Total number of corporate governance meetings held 41Times

Number of Party Members 98 Persons Number of Integrity Education Activities 24 Times

Funds for Party Building Activities 8.36 RMB 10000 Disclosure of Regular Reports 4 Copies

Attendance Rate of Various Board Meetings100% Disclosure of Interim Announcement 85 Copies

Response to the United Nations Sustainable

Development Goals (SDGs)We take governance as our brush and responsibility as our ink composing an answer of “stability and long-term success” on the course of sustainable development. We actively respond to the UN SDG 16 and set a

benchmark for the development of the industry.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 18/19

Leadership in Antong Holdings firmly upholds strengthening Party building as the revolutionary engine driving the Company’s high-quality development. By improving Party orga- Innovating Revolutionary Education Platforms to Sustain the Legacy and Rally Forces for Progress

Party Building nization structures and deepening ideological guidance it promotes the deep in- To preserve the revolutionary legacy and rally the forces of progress the Company Party Committee organized a series of rev-tegration of Party building with business operations cultivates a positive organiza- olutionary education activities from June to July 2025. These included immersive on-site learning sessions at places such as the

Harnessing Synergy for tional culture and systematically establishes a new framework where Party building Muruishan Revolutionary Base Area the site of the First National Congress of the Communist Party of China and revolutionary

Shipping Development leads development thereby forging a powerful synergy for the high-quality devel- sites in Guangzhou. By revisiting the revolutionary journey Party members and officials deeply contemplated the aspirations and opment of the shipping industry. convictions of their predecessors further solidifying their ideological foundation. They transformed this spiritual baptism into

tangible momentum to propel the Company's high-quality development.Organizational Structure of the Party

Antong Holdings firmly upholds strengthening Party building as the revolutionary engine driv- 2025

ing the Company’s high-quality development. We integrate Party building efforts with corpo-

rate development and cultural cultivation. The Company's Party committee was established Number of Party Members

in September 2011. As of the reporting period the Company has one Party committee and

one discipline inspection commission with nine subordinate Party branches. The total number

of registered Party members is 98 accounting for 8.9% of the total workforce. The Company 98 Persons

advances its high-quality development by implementing Party building responsibilities across

the entire chain establishing an integrity supervision system and consolidating synergies be-

tween Party building and business operations.The Company has strengthened the development of Party building systems by implementing Number of Party Building

the “Three Meetings and One Lecture” system the employee representative conference sys- Activities Business Integration

tem and other mechanisms. We have formulated the Administrative Measures for Developing

Party Members strictly adhering to the “five stages and twenty-five steps” standards and pro-

cedures for developing Party members. This ensures the quality of Party members and guaran- 35 Times The Company actively implements the strategy of “Leadership in Party Building Parallel Advancement in Business Operations” estab-

tees the standardized and routine advancement of Party building work. lishing a five-pronged mechanism encompassing joint organizational development collaborative talent cultivation shared resource utilization co-organized activities and coordinated development. This approach fosters a synergistic relationship between Party building

and business operations creating a favorable environment where both advance in unison. The Company’s Party committee and subor-

Party Building dinate branches actively engaged in Party building collaboration activities with key business partners with 26 such collaborative events Funds for Party Building recorded in 2025. The collaborative activities are closely aligned with the Company’s core business directly supporting technological

Activities

The Company actively advances Party building efforts transforming the outcomes of Party innovation and hub development. This demonstrates that Antong Holdings’ Party building efforts have become a crucial driver for ad-

building into competitive advantages for corporate development. In 2025 the Company orga- dressing practical challenges and advancing strategic implementation.nized 35 Party building activities including 4 Party building conferences 5 Party building theme 8.36 RMB 10000

day events and 26 Party building collaboration activities. The 2025 Party building budget of

RMB 0.0836 million provided solid support for the regular and standardized implementation

of Party building work. Collaborating on Party Theme Day Activities to Build

a New Framework for Port-Shipping Integration

Ideological Guidance On March 21st 2025 the Company participated in a joint Party Day activ-ity themed “Revolutionary Leadership Forges Unity Collaborative EffortsThe Party Committee of Antong Holdings prioritizes ideological development ensuring that its Party member workforce maintains a high Drive Development.” Through on-site vessel inspections and thematic

degree of alignment with the Company’s development and national strategy in terms of ideology politics and actions through system- discussions participants reached three key consensus points: information

atic learning and education. By 2025 the Company had conducted 12 batches of various revolutionary education activities reaching sharing collaborative governance and green development focusing on synergistic mechanisms data interoperability process optimization and

participants including Party members and key employees. These initiatives effectively ignited all employees’ patriotic spirit and internal shore power promotion. This initiative successfully established a regular

motivation for work and entrepreneurship injecting powerful spiritual energy into the enterprise’s development. collaboration platform leveraging Party building to guide the high-quality

development of port and shipping operations. Party Building Collaboration Business Activities

Conducting In-Depth Learning and Education

on the Spirit of the Central Committee's Eight-Point Decision Organizational Culture

Systematically Organizing Party-Worker Collaborative Cul-

To deepen ethical conduct development the Company Party Committee

The Company Party Committee fully leverag- tural and Recreational Activities to Stimulate Organizational launched a learning campaign on the spirit of the Central Committee’s Eight- Internal Momentum

Point Decision from March to April 2025. Through mobilization and deploy- es the guiding role of Party building collab-orating closely with the labor union to deeply

ment thematic study sessions tiered discussions and online competitions integrate Party building efforts into corporate To enrich employees’ leisure time and foster team cohesion the Company lever-the campaign achieved full coverage of all employees. The Party Committee culture development and employee care ini- aged its Party-Employee Collaboration Mechanism to host the “Healthy Livingtook the lead in making arrangements the leadership team led the study and tiatives. The Company continues to enhance Full Strength” online wellness campaign from May to October 2025. Spanning

each department conducted discussions based on their specific circumstanc- holiday benefits and regularly organizes diverse activities including sports talent showcases and competitions the ini-

es. The campaign guides employees to internalize the spirit of the Decision cultural and sports activities effectively ad- tiative attracted over 800 participants achieving a regional coverage rate ex-

and reinforce integrity standards providing disciplinary and conduct safe- Learning the Spirit of the Central Committee’s dressing employees’ concerns and jointly ceeding 80%. The event effectively energized employees showed corporate

guards for the Company’s high-quality development. Eight-Point Decision fostering a harmonious warm and positive excellence and provided strong support for enhancing organizational cohesion

organizational atmosphere. and developmental vitality.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 20/21

Operational Antong Holdings makes continuous efforts to optimize its governance structure

Compliance under the leadership of the Board of Directors. With rigorous compliance opera- Diversified Structure of the Boardtions and the Board’s diversified development at its core the Company steadfastly

Building the Bottom Line strengthens its governance foundation for secure operations providing robust insti-

for Secure Operations tutional safeguards for strategic implementation and steady development. To enhance corporate governance and improve the scientific rigor and effectiveness of

the board’s decision-making Antong Holdings continuously optimizes the composition

3 of its board members to promote structural diversity. In 2025 the Board of members com-

Type prised nine directors including three independent directors (33.33%) and one female

Governance Structure director (11.11%). Board members’ professional backgrounds involve various fields such as finance management economics and transportation which means comprehensive

6 expertise available to support the Company's diversified development.

Antong Holdings strictly adheres to laws regulations and regulatory requirements

such as the Company Law of the People’s Republic of China and the Code of Corporate Independent Directors The Company maintains a sound and well-established system of independent directors.Governance for Listed Companies and embeds compliance into the entire corporate Non-independent Directors Independent directors only serve as such role and do not hold other positions in the

governance process to continuously make its operation more standard. The Strategy 1 Company or any positions in the companies which are major shareholders of the Com-

Committee Audit Committee Nomination Committee and Remuneration and Apprais-

General pany. There are no conflicts of interest or other relationships between the independent al Committee are set up under the Board of Directors and the division of responsibilities

Meeting Strategy Committee 1 directors and the Company or its major shareholders that could impair their ability to and authorities among these committees is optimized by the Company based on its exercise independent and objective judgment. This fully complies with the independence

actual operational needs to maximize their professional decision-making and supervi-

Gender requirements stipulated in the Measures for the Administration of Independent Direc-

Nomination Committee sion functions. This ensures that the General Meeting Board of Directors and manage- tors of Listed Companies. In performing their duties independent directors participate in

ment each fulfill their respective roles effectively safeguarding the common interests of

Board of board meetings both in person and via teleconference including through independent

Directors all shareholders and the Company.Remuneration and 8 directors’ special meetings to diligently review proposals and provide professional com-

Appraisal Committee

The Company continues to refine the systems and responsibilities of its various special- ments effectively fulfilling their independent supervision functions and ensuring scien-Female Directors Male Directors

ized committees and further improves its governance structure to make more scientific tific and fair corporate decisions.Audit Committee decisions more efficiently in a bid to better align with the new phase and evolving re-

President quirements of corporate development and provide robust institutional safeguards and

intellectual support for its steady progress. On September 23rd 2025 Antong Holdings

convened the 2025 First Extraordinary Meeting of the Ninth Board of Directors which List of Members of the Ninth Board of Directors of Antong Holdings in 2025

reviewed and approved the Proposal on Electing the Chairman of the Ninth Board of

Directors and the Proposal on Electing Members of the Specialized Committees of the No. Name Gender Job Title Age Education Specialty

Ninth Board of Directors thereby further optimizing the corporate governance structure.Bachelor’s

1 Wang Wei Male Chairman 57 degree International Economic Law

2025 Antong Holdings strictly complies with relevant laws regulations and its Articles of Non-independent Master’s

Association in fulfilling its duties. In 2025 it convened a total of 41 meetings about 2 Hou Jinping Male 58 EMBAdirector degree

Total number of corporate corporate governance with a 100% attendance rate for all meetings associated with

governance meetings held the Board of Directors. Non-independent 3 Zhao Chunji Male 55 Master’s Transportation Planning and director degree Management Business Administration

Number of Corporate Governance Meetings and Attendance Rates in 2025

41 Non-independent 4 Zhu Qiuyan Female Master’s Times Number of Attendance director 41 degree Statistics?┦ No. Meeting meetings held rate

5 Hong Dongqing Male Non-independent 50 Bachelor’s Real Estate Operation and Management

1 General Meeting 6 / director degree of the Department of Civil Engineering

Attendance Rate of Various

Board Meetings 2 Board of Directors 12 100% 6 Lou Jianqiang Male

Employee

representative Director 59 PhD Management Science and Engineering

100 3 Board Strategy Committee 4 100%

Master’s

7 Liu Qingliang Male Independent director 66 degree Business Administration

4 Board Audit Committee 9 100% Master’s

8 Liu Wei Male Independent director 71 degree Transportation Management

5 Board Nomination Committee 3 100%

Bachelor’s

9 Huang Chengnan Male Independent 60 degree Accounting

6 Board Remuneration and Appraisal Committee 4 100% director

7 Independent Directors' Special Meetings 3 100%Antong Holdings 2025 Environmental Social and Governance (ESG) Report 22/23

The Company continues to prioritize the establishment of anti-corruption anti-bribery

Antong Holdings regards risk management as one of the core areas of corporate op- Business Ethics and oversight mechanisms as a core element of its governance framework building a Risk Management erational governance to make sure its operation is in compliance with laws and reg- comprehensive end-to-end ethics and compliance system that spans prevention moni-

ulations and continuously improves its internal control mechanisms through regular toring and post-event response. Through institutionalized design ongoing training and

Creating Pathways to Ef- Upholding Integrity internal audits. The Company is committed to establishing and refining a compre- multi-dimensional supervision the Company embeds integrity into daily operations and

ficient Decision-Making hensive risk management system covering risk identification assessment response Principles in Business ensures its practical implementation thereby reinforcing the ethical foundation essen-

and monitoring to enhance its risk management capabilities across the board. Operations tial for sustainable business growth. During the reporting period the Company was not involved in any material litigation concerning corruption bribery or unfair competition.Risk Management System Anti-Corruption and Anti-Bribery

The Company strictly adheres to laws and regulations including 2025

Internal control and risk management is the cornerstone of a company’s stable development which serves as both a key guarantee for the Company Law of the People’s Republic of China the Criminal

responding to complex internal and external environments and an essential barrier for maintaining asset security and enhancing oper- Law of the People’s Republic of China and the Provisional Reg-

ational efficiency. ulations on the Prohibition of Commercial Bribery issued by the

State Administration for Industry and Commerce and establishes

To strengthen the management foundation the Company has systematically revised the Internal Control Management Manual of Antong Number of Integrity Employee Training the Accountability Management System and the Interim Measures Education Activities Coverage Rate

Holdings Co. Ltd. and the Manual of the Functions of the Audit Department in accordance with related laws and regulations such as the for Anti-Commercial Bribery Management. It rigorously regulates

Company Law of the People’s Republic of China the Basic Standard for Enterprise Internal Control and supporting guidelines and by all commercial activities and explicitly prohibits all employees from

taking into account actual needs. This has further improved the internal control system clarified the responsibilities of each position in providing accepting or soliciting bribes in any form directly or

the course of internal control and defined the internal audit workflow. through third parties. When entering into cooperation agreements 24 Times 100

or contracts with partners the Company mandates the signing

The Company has established a risk management framework covering its core business operations embedding risk identification and of an Anti-Commercial Bribery Agreement and 100% of partners

prevention into daily management and implementing a multi-dimensional tiered and routine risk assessment mechanism; it has set up have signed such agreements.an Internal Control Evaluation Management Team composed of senior executives with the Audit Department serving as its permanent

office to coordinate and advance enterprise-wide internal control evaluations and risk mitigation initiatives and through systematic anal- In 2025 the Company’s Discipline Inspection Commission (DIC)

ysis the Audit Department accurately identifies key risk areas at both the corporate and business unit levels using these insights to guide and Audit Department jointly advanced integrity education risk prevention and capacity building. The DIC organized 24 integrity

the formulation of its annual audit plan to ensure efficient allocation of resources continuously enhance the internal control system and Anti-Corruption Training Totaleducation sessions throughout the year achieving 100% employ-

effectively fulfill the Company’s mandate to detect and prevent risks. for the Audit Departmentee coverage and maintaining a 100% participation rate among

management for three consecutive years reinforcing discipline

Enhanced Risk Awareness awareness through thematic study sessions integrity pledges and case-based warning education. Meanwhile the Audit Department 8 Times 12 Hours

delivered eight specialized training programs—totaling 13 training

hours—focused on anti-corruption anti-bribery and anti-fraud

The Company continuously improves its risk classification system to scientifically practices with an emphasis on practical competencies such as

categorize potential risks confronted in its operational management into general fraud investigation evidence collection and risk mitigation there-

and significant risks and improves its internal control system targeted at those risks by systematically enhancing the professional capabilities of audit

to ensure stable operation of the Company. Focusing on risk identification assess- and oversight functions and providing robust support for estab-ment and response the Company has established a closed-loop management sys- lishing a long-term mechanism that ensures personnel “dare nottem centered on control activities supported by information communication and cannot and do not wish to” engage in corruption.guaranteed by internal supervision. Control activities span over ten critical domains

including procurement assets operations and comprehensive management. Eachdetailed rule follows a standard structure of “risk assessment form flowchart andkey control matrix” embedding risk response measures into business processes.Information and communication focus on two pillars i.e. information systems and

anti-fraud management. The former ensures information flows are secure and con- Integrity Training

trollable while the latter serves as a specialized risk response mechanism equipped

with independent risk assessment and control tools. Internal supervision monitors

and evaluates the entire process on an ongoing basis to ensure effective implemen- On March 12th 2025 Antong Holdings conducted a training session on

tation of risk control and promote continuous improvement of the system. “Compliance Auditing and Fraud Risk Prevention.” Focusing on corpo-

rate integrity risk mitigation the Company delivered a systematic over-

This annual information security training program comprised four specialized ses- view of compliance audit procedures fraud detection methodologies

sions covering core areas including secure coding for R&D email security aware- and investigative techniques thereby enhancing compliance aware-

ness maritime industry-specific security and protection of personal financial ness and oversight capabilities among personnel in key positions and

information. The training effectively enhanced R&D personnel’s secure coding ca- promoting the deep integration of integrity culture with the risk preven-

pabilities strengthened all employees’ ability to defend against phishing emails tion and control system.deepened the Vessel Management Center’s understanding of industry-specific se- Training on Compliance Audit and Fraud Risk

curity risks and promoted awareness of financial fraud prevention and workplace Information Security Training Prevention

security guidelines through the Cybersecurity Awareness Week.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 24/25

Supervision and Whistleblowing The Company strictly adheres to the Company Law of the People’s Republic of China the

Information Disclosure Code of Corporate Governance for Listed Companies and other relevant regulations ensur-ing that its disclosures are truthful accurate and transparent. It also prepares and discloses

The Company’s Discipline Inspection Commission (DIC) diligently fulfilled its oversight responsibilities convening two discipline inspection Establishing a all periodic financial reports in a timely manner in accordance with applicable accounting

and supervision meetings in the year to plan and advance annual work priorities. Upholding a proactive approach to supervising cadres standards to effectively communicate business developments. Furthermore the Company

the DIC conducted pre-appointment integrity talks with newly promoted officials and established a roster of key personnel across busi- Multi-Party Communica- rigorously enforces its insider information management system strengthens confidentiality

ness regions extending oversight to frontline operations and achieving comprehensive coverage of the supervision network. tion Mechanism oversight throughout the entire information lifecycle and actively mitigates the risk of insider

trading to uphold market fairness and protect the legitimate rights and interests of investors.Supervision and Whistleblowing Channels

Standards and Transparency of Information Disclosure

The Discipline Inspection Commission of the Company centrally establishes and manages the following whistleblowing channels

for violations of discipline and regulations commercial bribery and related issues: The Company strictly adheres to regulations including the Administrative Measures 2025

for Information Disclosure of Listed Companies and the Shanghai Stock Exchange’s Disclosure of Regular Reports

Email Listed Companies Self-Regulatory Guidance No. 2 — Information Disclosure Manage-

jw@antong56.com（Discipline Inspection Commission） ment. Based on the Articles of Association it has formulated and implemented the

Information Disclosure Management System and fulfilled its information disclosure 4 Copies

Mailing address: Party Committee Office Antong Holdings Building 156 Tonggang West Street Fengze District obligations to ensure the authenticity accuracy and completeness of information

Quanzhou Fujian Province and safeguard the legitimate rights and interests of both the Company and its in-

vestors. It has put in place a standard information disclosure framework and its an-

nouncements are comprehensive in content and compliant in format enabling time- Disclosure of Interim Announcement

ly and accurate communication of corporate governance and operational status to

Whistleblower Protection Mechanisms the public in accordance with laws and regulations. In 2025 the Company disclosed

4 periodic reports to the public and 85 interim announcements. 85 Copies

To encourage and safeguard whistleblowing the Company implements the following protective measures:

Channels Created for Dialogue with Investors

Strict Confidentiality Commitment:

The Company strictly maintains the confidentiality of whistleblowers and the content of their reports prohibits any unau- The Company continuously refines its governance structure through a systematic communication mechanism to safeguard the legitimate

thorized disclosure of whistleblower information and will impose disciplinary actions in accordance with internal regu- rights and interests of investors. It advances investor relations management via multiple channels—including performance briefings the

lations on any violator. SSE “e-Interaction” platform corporate email and a dedicated investor hotline—proactively addressing stakeholder concerns and en-

hancing operational transparency and corporate value communication. During the reporting period the Company held six performance

briefings engaging in in-depth discussions on business performance financial metrics and other key topics to effectively protect inves-

Reward and Incentive Mechanism: tors’ right to information and participation.For verified and substantiated reports whistleblowers—including both internal employees and external part-

ners—will receive monetary rewards ranging from RMB 10000 to RMB 100000 and may be granted priority for

business cooperation opportunities under equal conditions.Performance Briefing in the Third Quarter of 2025

Clear Disciplinary Provisions: On October 31st 2025 Antong Hold-

Individuals who knowingly fail to report commercial bribery neglect supervisory duties conceal or shield viola-

tions or destroy evidence shall be subject to enhanced penalties based on the severity of their conduct. ings held its performance briefing for the

third-quarter of 2025 via the Shanghai

Stock Exchange Roadshow Center. Core

management including the Chairman and

Contractual Accountability: President were present to engage with

Through the Anti-Commercial Bribery Agreement and supplier commitment letters the Company explicitly defines exter- investors on issues such as how the inter-

nal partners’ obligation to report misconduct; failure to fulfill reporting responsibilities or cooperate with investigations national situation may affect the Compa-

may result in termination of cooperation debt recovery and claims for damages thereby reinforcing a closed-loop exter-

nal whistleblowing and oversight mechanism. ny's foreign trade chartering services the

domestic and foreign trade business struc-

tures and the expansion of its multimodal

transport network which effectively com-

Anti-Unfair Competition municated the Company’s value proposi-

tions and enabled investors to gain a more

The Company strictly complies with the Advertising Law of the People’s Republic of China the Anti-Unfair Competition Law of the People’s comprehensive and in-depth understand-

Republic of China and other applicable regulations. It has formulated the Market Freight Rate Management Standard (Trial) to implement ing of its daily operations. Performance Briefing in the Third Quarter of 2025

a science-based pricing strategy that enables precise control over freight rates and effectively prevents destructive price competition.Furthermore the Company actively collaborates with leading industry peers to maintain reasonable and stable port freight rates achiev-

ing a win-win outcome that balances corporate performance with the healthy development of the sector. In 2025 the Company was not

involved in any anti-unfair competition incidents nor did it incur any related litigation or material administrative penalties.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 26/27

Performance Highlights for 2025

Environmental Protection Investment 6410.75RMB 10000

Number of Training Activities in the Maritime Environmental Protection Field 78 Times

Response to the United Nations Sustainable

Development Goals (SDGs)

Antong Holdings takes “Green Navigation” as its mission integrating green principles into its shipping op-

erations. It adopts refined strategies in carbon emission and water resource management demonstrating its

responsibility to the planet with data-driven practices.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 28/29

Climate Risk and Opportunity Identification

Climate Response To strengthen ESG management Antong Holdings continues to enhance its climate risk governance systematically identifying and assessing climate-related opportunities Considering the issue of global climate change is becoming increasingly severe it is a common challenge confronted by human society

Following the Core Path- and risks and improving environmental management processes. The Company ac- to mitigate global warming and enhance climate adaptation. With a strong sense of responsibility Antong Holdings actively responds to

way to Shipping Decar- tively responds to China’s “dual carbon” strategy builds systematic climate resilience China’s national goals of “reaching peak carbon emissions by 2030 and achieving carbon neutrality by 2060.” It advances carbon inven-and response capabilities and drives green and low-carbon transformation across its tory climate risk and opportunity identification and energy conservation and carbon reduction efforts with a focus on strengthening its

bonization value chain thereby fulfilling its corporate responsibility in global climate action. adaptation to climate change and enhancing climate resilience.Climate Risks

Climate-Related Risks and Responses

Climate Change Governance Structure

Risks Description Response

The Company commits itself to building a full-fledged climate change management system integrates response to climate change into Extreme weather such as typhoons strong winds Shore-based teams provide safety guidance and equip-its ESG governance framework and establishes a three-tier governance structure of “ESG Leadership Team — ESG Work Team — ESG Exe- torrential rains and floods causes vessel naviga- ment assurance formulate seasonal risk prevention planscution Team.” This framework clearly defines the division of responsibilities at each level regarding climate topics promotes the identifi- tion disruption port operation interruption cargo and establish a cross-departmental information-sharing

cation assessment and response to climate-related risks by strengthening cross-departmental collaboration so as to comprehensively Acute risks damage vessel damage or even sinking which mechanism to enhance meteorological early warnings.enhance the Company's climate governance capabilities. results in asset impairment increased repair costs Captains organize onboard equipment self-inspections

higher insurance premiums compensation for crew training and emergency drills. Regular evalua-

breach of contract due to delivery delays and de- tions and continuous improvements are implemented to

creased operating income. strengthen vessels’ capacity to respond to seasonal risks.Governance level Roles and Functions

Long-term climate impacts such as sea level rise Strengthen research capabilities for risk prevention

temperature rise ocean acidification and drought and emergency response draw up emergency re-

cause forced adjustments of shipping lanes sub- sponse plans for extreme environmental conditions

merged or disabled port facilities accelerated hull prioritize corrosion-resistant and heat-resistant ma-

The highest decision-making and supervision body Chronic risks corrosion decreased efficiency of the cooling sys- terials in building or renovating vessels to enhance

tem and reduced canal navigability which further climate adaptation of hull and equipment and dou-

ESG Leadership Team leads to increased fuel costs higher time costs for ble efforts in conducting preventive maintenance of

Review and approve the Company’s climate-related strategies and objectives.The Company's president serves as detours elevated maintenance expenses and ac- equipment and reinforcing the capacity of hull facil-Make decisions on major ESG-related matters.the team leader and management celerated asset depreciation. ities against climate impacts.Oversee the implementation of climate-related initiatives review and question the

members are deputy team leaders annual ESG work report and third-party assurance results and provide guidance as

appropriate. Guided by the “dual carbon” goals the policy frame- Proactively respond to national “dual carbon” pol-

work is becoming more mature and national and lo- icies earnestly implement green and low-carbon

cal governments have successively issued stricter envi- development strategies actively advance planning

ronmental protection regulations to push forward the for clean energy substitution explore low-carbon

Policy and initiatives on carbon emission and reduction across all management models and prepare well for re-

Research planning and guiding body legal risks sectors. Governments and regulators have increasing- sponding to policy and legal risks.ly raised requirements for corporate compliance dis-

closure and any failure to promptly fulfill policy and

ESG Work Team Implement development strategies objectives and systems for climate action and regulatory obligations will increase compliance costs

Comprising all department heads promote cross-departmental collaboration. and constrain corporate operational development.Responsible for drafting ESG system documents related topics phased work plans

and implementation plans etc.Summarize issues and achievements in climate action promptly report the work status Climate change and resource constraints result in Double efforts to conduct green technology R&D

to the ESG Leadership Team and provide reasonable suggestions. Technology higher requirements for low-carbon technology and collaboration strengthen energy-saving tech-

risks management and product innovation. nology upgrades of the Company and prioritize the improvement of energy efficiency to reduce carbon

emissions and resource consumption.Daily execution and coordination body

Customers are more inclined to select low-carbon Offer green containers and advance the implementa-Responsible for collecting and compiling the Company’s environmental and climate shipping services and market demand shifts toward tion of green transport solutions such as “conversiondata preparing ESG reports and related documents drafting climate-related system Market risks green logistics. Failure to respond promptly may re- from bulk shipping to container shipping” and “con-ESG Execution Team documents action plans and specific implementation plans. sult in order decrease revenue decline and erosion version from highway to waterway transport” enhance

Responsible for communicating with consulting agencies organizing business training of market share. carbon footprint transparency and strengthen low-car-

Comprising focal points from all for climate action tracking domestic and international policy requirements and trends bon collaboration and communication with customers.departments and engaging with external stakeholders on a daily basis.Responsible for organizing and conducting communication with stakeholders and Investors customers and the public are increasingly Refine ESG disclosure systems proactively promote

establishing external communication workflows.Assume overall responsibilities for the implementation of specific measures for green Reputation

concerned about corporate environmental performance green initiatives and achievements and continu-

and inadequate environmental disclosure or lagging ously improve the performance in energy conserva-

development and daily management within various executive units. risks low-carbon transition may damage corporate reputa- tion and emission reduction.Other duties related to the ESG Execution Team. tion increase financing costs and reduce partners.Physical risks Transition risksAntong Holdings 2025 Environmental Social and Governance (ESG) Report 30/31

Climate-related opportunities Greenhouse Gas Emission Management

In today's era global energy transition and sustainable development are widely recognized and climate change presents both chal- In active response to the global call for greenhouse gas (GHG) emission reduction and to meet compliance requirements under the EU

lenges and systemic opportunities for industry evolution and corporate growth. For Antong Holdings following the trend of green and Emissions Trading System (EU-ETS) Antong Holdings has established regulations such as the EU-ETS Operation Management Measures

low-carbon development is not only a responsibility but also an important impetus to enhance efficiency innovate services and rebuild (Trial) to systematically manage greenhouse gas emissions and ensure compliance of its business activities. Based on the Company’s

competitiveness. management systems the responsibilities of each department are defined as follows:

Climate-Related Opportunities and Responses

Organizational Structure for Greenhouse Gas Emission Management

Opportunities Description Response

Departments Core function Primary responsibilities

The global shipping industry is underway for Explore the use of low-carbon marine fuels like

green energy transition with clean energy LNG and biofuels expand the scope of shore Monitor vessel fuel consumption calculate carbon emissions and

Energy structure transition applications such as green fuels and shore power utilization and gradually increase the pro- Vessel power becoming increasingly widespread. portion of clean energy used for fleets. Emission data management required allowances and take responsibility for the application Management

This brings about new opportunities for the department for the Company’s Maritime Operator Holding Account (MOHA) Center

Company to reduce carbon emissions and daily management and data ledger maintenance.respond to climate policies.Central Allowance supply assurance Implement emission allowance procurement strategies based on

Growing customer demand for low-carbon Increase R&D investment in green vessels en- Procurement department compliance gaps manage procurement agreements progress

Green product and service logistics services drives the Company to de- ergy-saving technologies and carbon footprint

Center and data.innovation velop green shipping products energy-effi- traceability systems and deliver low-carbon lo-cient vessels and low-carbon supply chain gistics solutions to meet customer demand for

solutions thereby enhancing market compet- green development. Asset and capital supervision Responsible for the receipt transfer periodic inventory account-

itiveness and heightening customer viscosity. Finance Center department ing treatment of allowances and related tax declaration and pay-

ment.Promote joint emission reduction at both the Gradually set standards for green procurement

upstream and downstream of the supply improve suppliers' capabilities for low-carbon Monitor charterer compliance and payment of carbon allowanc-

Supply chain collaboration chain to enhance climate resilience through- development and build an industry-wide collab- International External business liaison de- es and confirm key data affecting allowance calculations such as Values out the industrial chain and meanwhile ex- oration platform to promote data sharing and co- Department partment vessel lay-ups.pand the Company's influence in the value ordinated emission reduction in the whole chain

chain and increase its collaborative value. thereby enhancing overall resilience.Review contractual terms related to emission liabilities and al-

Legal Department Risk control department lowance transactions to ensure legal compliance and safeguard

corporate interests.

2025 GHG Emissions

Antong Holdings incorporates climate change metrics into its

data collection and management and periodically discloses Indicator Unit 2025 Emissions

relevant data to enhance information transparency. Scope 1

emissions primarily stem from direct fuel combustion (marine Scope 1 GHG emissions tCO2e 367582.64

fuel vehicle fuel natural gas etc.) while Scope 2 emissions re-

sult from indirect emissions generated by purchased electricity

in use. In 2025 the Company’s total GHG emissions (Scope 1

and Scope 2) reached 368429.50 tCO2e. Scope 2 GHG emissions tCO2e 846.86

2025 Total GHG emissions

tCO2e 368429.50

(Scope 1 and Scope 2)

Total GHG Emissions (Scope 1 and Scope 2)

Note: Scope 1 emissions include greenhouse gas emissions from sources directly owned

368429.50 or controlled by the Company (gasoline natural gas) which are calculated using emission tCO2e factors specified in the Guidelines for Corporate Greenhouse Gas Emissions Accounting

and Reporting. Scope 2 emissions result from indirect emissions associated with pur-

chased energy (electricity) and the data is based on the national average carbon dioxide

emission factor for electricity.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 32/33

The Company actively responds to industry challenges posed by climate change andGreen Operation resource constraints and continuously enhances environmental governance efficiency Conducting A Drill Simulating the vessel “Renjianand resource recycling capacity through institutional improvements technological up-Building a Low-Carbon Zhuhai” Encountering Natural Disastergrades and systemic coordination. It is committed to fulfilling corporate environmental

and Green Port Ecosystem responsibilities and driving the transformation and upgrade of the shipping and logis- On August 21st 2025 the Company organized a ship-shore joint emergen-

tics industry toward a green intensive and sustainable development model. cy drill themed “Vessel Affected by the Outer Circulation of a Typhoon.”

The exercise simulated the scenario in which the vessel “Renjian Zhuhai”

encountered sustained winds of Beaufort Force 8 in the central Yellow

Sea and experienced difficulty in maneuvering. The ship and shore teams

promptly activated the emergency plan implementing measures including

Environmental Compliance Management 2025 course adjustment cargo lashing reinforcement and power system sta-

Environmental Protection Investment bilization successfully enabling the vessel to exit the typhoon’s influence

zone and resume normal navigation. The drill further enhanced the Com-

Antong Holdings strictly complies with the Environmental Protection Law of pany’s emergency response capability under extreme weather conditions

the People’s Republic of China and other relevant regulations. All production 6410.75 solidifying its practical foundation for safeguarding personnel vessel and and operational activities of the Company and its subsidiaries fully meet na- RMB 10000 environmental safety.tional and local environmental protection requirements with no major envi-

ronmental incidents occurring throughout the year. In 2025 the Company’s

total environmental investment amounted to RMB 64.1075 million.The Company continues to deepen environmental training in the maritime Number of Training Activities in the Maritime Energy Management

sector delivering 78 training sessions during the year focused on key top- Environmental Protection Field The Company strictly adheres to relevant laws regulations rules policies and industry standards such as the Law of the People’s Repub-

ics such as vessel safety management lubricant technology and deck paint lic of China on Energy Conservation and establishes a comprehensive energy management system. In its daily operations the Company’s

maintenance. The curriculum systematically covers green practices includ- energy consumption primarily includes electricity natural gas vehicle gasoline and marine fuel. Focusing on such core energy con-

ing low-carbon and low-sulfur fuels energy conservation emission reduc- 78 Times sumption we systematically advance refined management of fuel energy-saving technical upgrades and green office practices which

tion and eco-friendly coatings comprehensively enhancing environmental effectively reduces carbon emission intensity actively fulfills environmental responsibilities and helps the Company to realize sustainable

capabilities—from system building to technical implementation. development with high quality.Fuel Management

Environmental Training The Company has established a systematic energy management system and formulated the Vessel Fuel Management Regulations to implement full-lifecycle management of fuel which ensures safe environmentally friendly and economical operations and further ad-

On October 24th 2025 the Company conducted a specialized vances the green transformation of the shipping industry.environmental training session on “Deck Paint Maintenance forVessels” focusing on the application of eco-friendly coatings The Vessel Operations Department formulates the Vessel Bunkering Plan on a weekly basis comprehensively con-

energy-efficient and emission-reducing painting practices and sidering factors such as fuel oil prices routing weather conditions and vessel performance to optimize bunkering

whole-life-cycle hull management. The training reinforced the Planning and Procure- strategies and lock in favorable fuel prices. All procurement activities are subject to rigorous internal approval proce-ment Management

integration of environmental objectives with standardized oper- dures. An emergency adjustment mechanism is in place and fuel reserves on board are maintained to cover voyage

ational procedures advanced the implementation of the envi- consumption contingency fuel and deadstock (unusable) fuel thereby ensuring navigational safety.ronmental management system leveraged technical expertise to

empower sustainable development and contributed to reducing During voyages the vessel operates under a fixed RPM cruising mode. The captain and chief engineer jointly de-

the environmental footprint of the fleet’s operations. termine the optimal engine speed based on weather conditions and charter party terms to avoid excessive fuel

Vessel Deck Painting Maintenance Training Utilization and Opera- consumption. Clear standards for fuel viscosity and temperature at engine inlet are established and procedures for

tion Management switching between heavy fuel oil (HFO) and light fuel oil (LFO) under various operating conditions are strictly stan-

dardized. Critical equipment such as turbochargers and purifiers is regularly maintained and daily fuel consumption

is monitored with a cross-verification mechanism in place to ensure data accuracy and integrity.Environmental Emergency Management Newly supplied fuel oil must be accompanied by the supplier’s certificate of analysis and concurrently sampled for

Quality and Compliance independent laboratory testing; it shall not be used in principle until test results confirm compliance. When the sul-fur content is close to 0.5% sampling must strictly follow prescribed procedures. Waste oil generated in the engine

In environmental emergency management the Company has established an annual ship-shore joint emergency drill planning mecha- Management room is subject to segregated collection standardized storage and compliant disposal with its volume controlled

nism whereby the drill schedule for the following year is formulated each December with specialized exercises focused on critical risk at 1%–1.3% of heavy fuel oil consumption; any excess triggers a responsibility review and accountability process.scenarios such as cargo shift hazardous material leakage and natural disasters. In 2025 the Company conducted a total of 10 drill

programs integrating realistic simulations with targeted training to enhance the emergency response and incident handling capa- The Company has established a multi-tier fuel monitoring system comprising crew-level measurements chief en-

bilities of marine technical and shore-based personnel thereby further strengthening the environmental risk prevention and control gineer verification onboard bunker surveys by technical superintendents and random inspections by third-party

system and providing robust support for the effective implementation of sustainable development goals. Monitoring Audit and surveyors. Violations such as inaccurate measurement concealment or unauthorized retention of fuel are subject to

Accountability Man-

agement disciplinary action in accordance with internal regulations; cases involving fuel theft for resale are referred to judicial authorities. A whistleblower reward mechanism is in place offering incentives of 10%–20% of the value of the stolen

fuel with strict confidentiality guaranteed for all whistleblowers.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 34/35

Energy Conservation and Emission Reduction Company Energy Consumption Table

Driven by these initiatives the Company’s

Indicator Unit 2025 Consumption energy consumption structure in 2025 was

To actively respond to energy conservation and emission reduction challenges and fulfill its commitment to low-carbon operations the further optimized: 1596.04 MWh of elec-

Company has continuously advanced energy-saving technical upgrade projects systematically invested in and implemented multiple Electricity Consumption MWh 1596.04 tricity consumption 384 m3 of natural gas

technical programs including hull design optimization clean energy substitution and high-efficient propulsion systems. The initiatives consumption 82086.43 tons of gasoline

it takes include procuring new energy vehicles to replace traditional shore-based vehicles optimizing wind resistance through bulbous Natural gas consumption m3 384.00 consumption 114314.27 tons of heavy

bows and weatherboards installing desulfurization towers to meet environmental requirements integrating high-efficient propellers fuel oil consumption and 3564.97 tons of

and pre-swirl stators and hub vortex absorbed fins to enhance overall propulsion efficiency. Meanwhile the Company continuously Gasoline Consumption L 82086.43 marine gas oil consumption.optimizes energy usage through both management and technological approaches.Heavy Fuel Oil (HFO) Consumption T 114314.27

By promoting shore power for vessels and fuel additives enhancing vessel maintenance such as regular cleaning of boiler smoke

pipes and improvement of operating conditions of main and auxiliary engines and establishing an intelligent vessel management Marine Gas Oil (MGO) Consumption T 3564.97

platform the Company achieves precise control over energy consumption which effectively reduces fuel consumption and carbon

emissions.Antong Holdings Digital Intelligent Cloud Management System for Vessel

On March 31st 2025 Antong Holdings launched the trial operation of its Digital Intelligent Cloud Management System for

Vessel which integrates IoT technology to enable end-to-end online management across technical operations marine affairs

crew administration procurement and related workflows featuring modules including intelligent equipment monitoring re-

al-time maritime dynamics tracking 3D monitoring and energy efficiency management; the energy efficiency module contin-

uously monitors fuel consumption of main and auxiliary engines analyzes energy use and carbon emissions and automati-

cally generates reports to provide data-driven support for precise decision-making and efficient management.Cable Reel for Hub Vortex Absorbed Fins and Vessel Shore Power System Bulbous Bow

Green Office

Under its green operations philosophy the Company treats office areas as a key setting for refined energy management. It has formulated

the 8S Office Environment Management Regulations and systematically implements energy-saving measures to enhance company-wide

awareness of energy conservation optimize the energy consumption structure and achieve dual improvements in environmental perfor- Digital Intelligent Cloud Management System for Vessel

mance and operational efficiency.Paper Conservation Management Electricity Use and Energy Conser-vation Management Office Supplies Management Green Commuting Initiative Water Management

The Company promotes paperless The Company reinforces compa- The Company strictly enforces a The Company actively encour- The Company strictly complies with the Water Law of the People’s Republic

office practices by encouraging ny-wide energy-saving aware- need-based office supplies req- ages employees to purchase of China and other applicable regulations reinforcing company-wide water

the use of digital platforms such ness through prominently dis- uisition system prohibiting ar- new energy vehicles progres- conservation awareness through measures such as posting water-saving

as WeCom (Enterprise WeChat) played conservation slogans and bitrary requests and stockpiling. sively promotes and practices slogans and installing automatic sensor-activated water dispensers to min-

and QQ groups for issuing notic- implements an air-conditioning Employees are encouraged to green commuting principles imize water waste at the source. In 2025 the Company’s total water con-

es and utilizing the internal net- management policy combining care for company property and in a bid to reduce carbon emis- sumption amounted to 13649.13 metric tons.work for file sharing to minimize “switch-off-when-unoccupied” use resources prudently. Reus- sions from commuting and

paper-based workflows. Draft practices with smart controls au- able items—such as file folders comprehensively decrease op- 2025

documents are not printed on tomatically shutting down heat- paper clips and similar sup- erational energy consumption

new paper; double-sided printing ing and cooling systems every plies—must be properly stored and jointly foster a sustainable Total corporate water consumption

is prioritized whenever printing is night at 20:00. Employees work- and reused whenever possible operating environment for the

necessary. For official documents ing on lower floors are encour- to eliminate unnecessary waste Company.containing non-confidential con- aged to use stairs instead of el- and foster a resource-efficient

tent printing on the reverse side evators to reduce elevator usage office environment. 13649.13 T

of used paper is actively encour- frequency thereby improving

aged effectively reducing overall energy efficiency and extending Slogans for Water Conservation Initiatives

paper consumption. equipment service life.

1 Water use is primarily for administration office and living purposes.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 36/37

Resource Efficiency Antong Holdings as a leading domestic container logistics service provider is ac-

Logistics Route Integration

tively responding to the national “Dual Carbon” strategy and the policy direction of

Promoting Efficient Cir- green and low-carbon development in transportation. With green development and Leveraging its well-established shipping and logistics network and high-quality container services Antong Holdings has built an efficientefficient integration as its dual drivers the Company is comprehensively advancing nationwide logistics system. As of December 31st 2025 the Company operates seven regional divisions nationwide with 41 maritime cularity Across the Entire strategic transformation in areas such as vessel resource optimization logistics net- service outlets and business coverage at 165 ports spanning all major coastal and inland river ports forming a “one-vertical-two-hor-Shipping Value Chain work integration and supply chain collaborative innovation. izontal” network structure comprising the North–South Corridor the Yangtze River Delta and the Pearl River Delta; it also maintains 8

railway service hubs covering key regions including Harbin Jilin Xi’an Kunming and Guiyang operates 39 direct rail routes and 274 in-

termodal sea-rail lines covering 270 railway stations and extends its railway logistics coverage to 295 cities across all 31 provincial-level

administrative regions of China.Vessel Resource Optimization Against the backdrop of the deepening implementation of China’s “dual circulation” strategy the industry is accelerating its transforma-

Green Containers tion toward deeper supply chain collaboration and value co-creation. To further enhance service efficiency the Company has partnered

The Company has formulated and implemented the Management Measures for with Shanghai Port Tianjin Port and Guangzhou Port to jointly launch the “Three Ports One Carrier” FAST Premium Maritime ExpressDisposal of Waste Materials from Vessels adhering to the principle of “repairing Antong Holdings continues to ad- Service. This initiative advances the practical application of new-quality productive forces in the port-shipping sector and introduces theand reusing wherever possible.” Priority is given to resource reuse through down- vance the green upgrading of its ves- standardized “Antong ASD” product which empowers route upgrades through a “time-definite delivery with compensation for delays”

graded application internal reallocation and repair-based recovery. Materials sels and containers; in August 2025 the Company launched a batch of model. In addition the Company continues to enhance its “Antong ASHD” and “Antong AXD” products through refined operations and

retaining usable value are encouraged to circulate both internally and externally 40HQ new-generation containers route optimization delivering customers more convenient secure and efficient logistics solutions.and only enter the scrapping process after being confirmed as fully non-functional. featuring eco-friendly processes such In 2025 Antong Holdings partnered with China State Railway Group to launch an integrated multimodal “One-Document” service com-

This approach effectively reduces resource waste and advances vessel operations as water-based coatings and wa- bining scheduled rail freight and shipping liner services enabling one-time consignment a single through bill of lading uninterrupted

toward a circular economy model. ter-based sealants and multiple ves- containerized transport and one-time settlement. Leveraging its logistics network and asset base the Company continues to deepen

sels have been awarded the Green

Antong Holdings focuses on full lifecycle management of shipping containers to Eco-Ship additional notation driving the integration of water road rail and multimodal transport offering customers a comprehensive portfolio of services—including liner

build a green circular system: in the production phase its 20GP new containers the fleet’s transition toward “high shipping multimodal container logistics end-to-end “door-to-door” solutions standardized service packages and international logis-

have obtained Carbon Footprint (CFP) and Environmental Product Declaration efficiency low consumption and low tics—to fully meet diverse customer needs.

(EPD) certifications via COSCO Shipping Development’s CFP&EPD platform and are emissions”; throughout 2025 the

affixed with green labels; water-based coatings are used to significantly reduce Company deployed a total of 73700 2025

VOC emissions and bamboo flooring containing 60%–70% bamboo is adopted to new containers accelerating the re-

effectively lower timber consumption; in the end-of-life phase a comprehensive placement of aging units and achiev- Shipping network Rail network Sea-rail lines Rail service coverage

circular utilization system is implemented—retired containers are repurposed as ing dual improvements in operational efficiency and environmental per-

temporary warehouses site offices or urban modular structures for secondary use formance—demonstrating its green

and those no longer reusable are dismantled with steel scrap recovery exceeding responsibility through equipment

75% by weight for remelting and recycling while the residual bamboo flooring is modernization and supporting the 41 Units 8 Units 274 strip 31 Province

processed as biomass fuel achieving both harmless disposal and resource recov- development of sustainable logistics.ery of container waste.Business Port Direct rail freight lines Business railway stations Rail service coverage

165 Units 39 strip 270 Units 295 city

Co-Building Green Logistics

On November 28th 2025 Antong Holdings entered into a strategic

cooperation agreement with CATL (Contemporary Amperex Technolo-

gy Co. Limited) and Shenzhen Gangteng Interconnect Technology Co.Ltd. to jointly establish an innovative collaborative model integrating

“logistics scenarios + green solutions + battery technology.” The

three parties will combine multimodal transport green supply chain

practices and advanced battery technologies to build a low-carbon

logistics system and develop a replicable and scalable new paradigm

for green logistics thereby supporting the industry’s high-quality and

low-carbon transformation. Signing Ceremony of the Tripartite Strategic

Cooperation AgreementAntong Holdings 2025 Environmental Social and Governance (ESG) Report 38/39

Ecological Against the backdrop of global green transition and China’s “dual carbon” strat-

Environmental Philanthropy and Community Engagement

egy Antong Holdings has systematically established an integrated environmental

Stewardship management system encompassing pollution prevention and control emergency To deepen its ESG practices and promote green development values Antong Holdings has officially established the “Jiu Jiu Wei Gong”

response and ecological conservation deeply integrating green operations with Volunteer Service Team and concurrently launched a series of green public welfare initiatives. Centered on the “Double Diligence” cul-

Protecting Marine and ecological responsibility and steadily advancing toward a high-quality develop- ture—emphasizing thrift and pragmatic dedication—the initiatives embed ESG principles into frontline operations through regular public

Coastal Ecosystems ment path that fosters harmonious coexistence between humanity and nature. welfare activities fostering the deep-rooted implementation of green and environmental responsibilities.Pollution and Emissions Control

“Jiu Jiu Wei Gong” Volunteer Service Team’s Daping Mountain Green Environmental Action

Antong Holdings strictly complies with domestic and the Company has formulated the Detailed Rules for Oily Wastewater

international regulations and standards including Management which clearly define the classification of oily waste wa-the People’s Republic of China Environmental Pro- ter and establish a full-process management protocol covering “re- On November 9th 2025 the “Jiu Jiu Weitection Law the Marine Environmental Protection porting–recovery–monitoring.” Based on these rules the Company Gong” Volunteer Service Team organized

Law the Law on the Prevention and Control of Solid strengthens interdepartmental responsibility allocation enhances more than 20 employees and their family

Waste Pollution and the International Convention for oversight of supplier compliance implements pollution prevention members in a parent-child cleanup activ-measures and conducts on-site spot inspections to effectively mitigate

the Prevention of Pollution from Ships (MARPOL). The ity at Daping Mountain under the theme environmental risks. “Hand in Hand Across Generations”

Company has established internal procedures such collecting over 20 bags of litter and pro-

as the Guidelines for Shipboard Pollution Prevention wastewater management moting intergenerational transmission of Operations and implemented a systematic ship pol- green values. The event pioneered a newlution prevention and control management system public welfare model integrating “culturalto ensure full regulatory compliance throughout ves- leadership + family participation + com-sel operations. With compliant discharge as its core munity co-construction” inspiring spon-

principle the Company has signed SPRO agreements taneous involvement from local residents.to ensure that all waste streams—including oily res- Going forward the team will continue to

idues and domestic garbage—are properly segre- solid waste management deepen its engagement in environmental

gated collected and professionally treated thereby protection education and community de-

the Company strictly enforces waste segregation: approximately 30 velopment striving to become a responsi-enhancing the efficiency and traceability of waste metric tons of domestic waste are collected and removed monthly and ble compassionate and sustainable cor-

management. All pollutants must be received by Daping Mountain Green Environmental Actionkitchen grease and oil residues undergo pretreatment to achieve waste porate citizen.qualified and authorized entities and the Shipboard reduction and resource recovery; hazardous wastes such as sludge

Garbage Record Book and the Oil Record Book must and oily residues are disposed of by licensed contractors in strict ac-

be duly completed in accordance with regulations. cordance with SPRO agreements. All vessels are equipped with sew-

Relevant documentation is retained for 2 to 3 years to age treatment plants and oil-water separators and employ low-sulfur

ensure complete records and full traceability of the fuel and shore power technologies to ensure all emissions fully comply

disposal process. with regulatory standards.Marine Pollution Prevention and Biodiversity Conservation

The Company has established a comprehensive marine environmental protection system encompassing pollution prevention emergency

response and ecological conservation. For the carriage of cargoes posing pollution hazards the Company strictly enforces the decla-

ration system for cargo suitability and vessel fitness implements full-process supervision over operations such as bunkering and ship

repair/construction and signs pollution removal agreements as required. In terms of emergency preparedness the Company ensures

that any potential or actual pollution incident is immediately reported. All vessels have developed and implemented shipboard oil pol-

lution emergency plans (SOPEPs) and other relevant contingency plans to enhance rapid response and effective incident management

capabilities.In ecological protection the Company complies with national environmental and wildlife conservation regulations achieving a 30%

green coverage rate in its premises; it also fully implements the requirements of the International Convention for the Control and Manage-

ment of Ships’ Ballast Water and Sediments by installing ballast water treatment systems on applicable international vessels to effectively

prevent the transfer of invasive aquatic species. Going forward the Company will further integrate land-sea coordinated ecological con-

servation efforts to support the development of marine ecological civilization.The Company places high importance on biodiversity conservation and adheres to the Convention on Biological Diversity and relevant do-

mestic ecological protection regulations. In the future it will progressively incorporate biodiversity considerations into the entire workflow

of port operations and shipping management enhance internal control mechanisms strengthen employee training and minimize the

impact of its operations on marine and coastal ecosystems actively exploring pathways for synergistic development between business

activities and ecological preservation.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 40/41

Performance Highlights for 2025

Total Number of Employees 1096 Persons Number of Employee Training Sessions 313 Sessions

Labor contract signing rate 100% Employee Training Investment 52.95 RMB 10000

Average Training Duration Per Person 26.38 Hours

Employee Training Duration 29939.23Hours

Response to the United Nations Sustainable

Development Goals (SDGs)

Taking talent as the cornerstone we build the core driving force for sustainable development. We actively respond

to the United Nations Sustainable Development Goals and keep making efforts in the fields of good health and

well-being quality education gender equality decent work and economic growth and reduced inequalities. We

enable talent growth to resonate with corporate development injecting inexhaustible wisdom and strength into the

future of the shipping industry.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 42/43

The Company adheres to lawful employment as its foundation and employee rights Employee Promotion

Talent Team protection as its core committed to building an inclusive collaborative and empow- Antong Holdings focuses on employee career development and talent team building establishing specialized systems to create a stan-

ering workplace ecosystem. By establishing platforms for employee development

Building a High-Quality dardized and well-structured performance evaluation and promotion framework that provides clear guidance for employee growth and safeguarding physical and mental well-being and enhancing care mechanisms strengthens the institutional foundation for identifying and nurturing high-caliber talent. Antong Holdings adheres to the principles of

Talent Pipeline the Company effectively safeguards employees’ legitimate rights and interests fos- fairness openness and impartiality and has established a suite of institutional frameworks—including the Performance Management

tering shared growth and mutual advancement of employees and the Company. Measures the Annual Excellence Recognition Measures and the Internal Competitive Recruitment Measures—to comprehensively cover

daily performance evaluation annual commendations and internal competitive hiring

From the two dimensions of position and performance we set differentiated assessment cycles fixed-to-variable

Employee Hiring Daily ratios and indicator weights. The final grade is determined through supervisor scoring department head review

Performance and forced ranking. The results are linked to compensation rank and annual evaluation forming a closed-loop

management system.Gender structure （%） Age structure （%） Educational structure （%） Annual We establish team and individual awards ensure fairness through multi-level review and public announcement

Evaluation and deliver positive incentives.Aged 50 and over Master’s degree or above

3.5%

Female 4.1% Internal Job The entire process is open and transparent based on professional competence and practical performance com-

45.5% Associate degree Posting bined with past performance departmental evaluations and reviews by professional judges.

or below

39.9%

Male The Company has established a dual-track career advancement system—comprising management

54.5% Aged 29 and under and professional tracks—through the Internal Promotion Management Measures and the Crew Promo-

15.7% tion Management Regulations addressing employees’ diverse aspirations to either deepen technicalexpertise or pursue managerial roles; this system is closely aligned with the progressive “Five-SailBachelor’s Talent Development Program” which consists of five stages—Escort Launch Sustain Voyage and

degree

Aged 30-49 Lead—to build a structured skills development ladder that integrates seamlessly with the promotion 55.9%

80.8% framework forming a systematic talent growth ecosystem. Promotions are conducted through a com-

bination of scheduled and ad hoc evaluations with exceptional contributors eligible for fast-track

Male Female Aged 29 and under Aged 30-49 Master’s degree or above Bachelor’s degree advancement; the process encompasses eligibility verification document submission assessment

and approval with each step reviewed and authorized by the competent authority at the appropriate

Aged 50 and over Associate degree or below level ensuring rigor compliance and clear procedural governance.Antong Holdings consistently upholds labor compliance as a core principle of its human re- 2025 Employee Training

sources management. The Company strictly adheres to relevant laws and regulations includ- With the core principle of “precisely empowering business and supporting employee growth” the Company continuously refines its

ing the People’s Republic of China Labor Law and the People’s Republic of China Labor Con- training system closely aligning training initiatives with both organizational development needs and employees’ competency enhance-

tract Law and has established internal policies such as the Human Resources Management Total Number of Employees ment requirements—delivering significant results.Measures and the Intern Management Measures to ensure standardized employment practic-

es and fully protect the legitimate rights and interests of all workers. The Company firmly up- In 2025 the Company organized a total of 313 training sessions reaching 1135 employees with an aggregate training duration of 29939.23 hours—averaging 26.38 hours per employee—and invested RMB 529500 in training throughout the year. The training content

holds the principle of equal employment and prohibits any form of employment discrimina- comprehensively covers multiple categories—including job-specific skills team-based learning corporate culture and general profes-

tion. It does not impose unfair hiring barriers based on an individual’s gender age ethnicity 1096 Persons sional competencies—precisely aligning with the development needs of the Company’s various business segments to foster continuous

race religion physical condition or any other personal or social characteristic. Furthermore updating of employees’ knowledge and capabilities. It also provides strong talent support for safe operations efficient service delivery

Antong Holdings strictly forbids child labor forced labor and other unlawful practices ensur- and compliant growth fully reflecting Antong Holdings’ long-term commitment to and sustained investment in employee development

ing that all workers have the legal right to enter into employment relationships voluntarily and and team building.on an equal footing. To date the Company has achieved 100% legal written labor contracts

with all current employees clearly defining the rights and obligations of both parties. No hu- 2025

man rights violations were reported during the reporting period. Number of Employee Average Training Duration Employee Training Duration

Labor contract signing rate

Antong Holdings has established a comprehensive human resources management system Training Sessions Per Person

covering the entire employee lifecycle with core objectives of supporting corporate strategy

enhancing workforce efficiency and strengthening governance. The Company’s headquarters 313 Sessions 26.38 Hours 29939.23 Hours

and all its operating units uniformly implement standardized HR policies formulated by the 100

Human Resources Department encompassing recruitment onboarding transfers compen-

sation resignation and retirement. Recruitment follows a combined approach of internal de-

velopment and external hiring; onboarding strictly requires signing of employment contracts Employees covered Employees covered

and confidentiality agreements; position changes and salary adjustments are processed in

strict accordance with regulations; and procedures for resignation and retirement are clearly

categorized and well-defined—ensuring full compliance and operational efficiency through-

out the HR management process. 1135 Persons 52.95 RMB 10000

As of the end of the reporting period the Company had a total of 1096 employees.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 44/45

Shandong Region Multidimensional Excellence Legal Risk Training on Foreign Trade Chartering and Labor Rights

Training Program Taking the protection of employees’ lawful rights and interests as its starting point Freight Forwarding – Organized by the Legal Department Safeguarding Antong Holdings enhances staff well-being and sense of belonging through a com-

In June 2025 the Weihai branch held a business performance re- On June 26th 2025 the Legal Department of Antong Hold- Employees’ Lawful Rights prehensive benefits package diverse cultural and recreational activities and caring

view meeting to retrospectively assess key performance indica- ings conducted a specialized training session on legal risks support initiatives.tors for January–May identify operational challenges and adjust in international chartering and freight forwarding focusing and Interests

strategies accordingly thereby reinforcing a culture of continuous on key clauses of Time Charter Party agreements and risk

reflection and service awareness across all staff. Meanwhile the points in freight forwarding contracts. The session covered

Qingdao branch conducted a specialized training session on ex- 11 critical topics—including charter period and hire pay-

port operational procedures focusing on recent priorities in export ment—and combined real-world case studies with practical Employee Benefits

shipping lanes and strengthening knowledge of destination port insights followed by a dedicated Q&A segment effectively

transshipment processes. Through the dual approach of target- enhancing employees’ legal competencies and providing Antong Holdings has established a comprehensive welfare system—encompassing basic social security specialized allowances and hu-

ed training and operational reviews both branches significantly robust support for business operations. manistic care—through internal policies such as the Employee Compensation Benefits and Statutory Social Insurance and Housing Fund

enhanced regional operational efficiency and risk management Management Measures. The Company strictly implements the statutory “Five Insurances and One Housing Fund” as the cornerstone of

capabilities. employee social security; offers a range of specialized allowances—including communication subsidies professional title allowances and perfect attendance bonuses; and provides caring support measures such as the Parental Care Fund various condolence and con-

gratulatory grants annual health check-ups and reimbursement for travel expenses during home leave. Together these initiatives fully

demonstrate the Company’s deep commitment to and support for its employees offering solid assurance for their job stability and peace

of mind in daily life.International Women’s Day Care Initiative for Female Employees

On March 7th 2025 on the eve of International Women’s Day the Company presented all female employees with exclusive ben-

efits to convey its care and appreciation. The benefits covered all female employees across the Company with each receiving a

holiday care allowance. At headquarters an exclusive Traditional Chinese Medicine therapy session was organized for female staff

to help relieve work-related fatigue while regional offices independently arranged distinctive celebratory activities to enrich the

festive experience. These initiatives balancing universal coverage with personalized care have effectively enhanced the well-be-

ing of female employees and fostered a supportive and inclusive workplace culture that values and respects women.Crew Summer Training Conference 2025 – Vessel Executive Seminar on EU Carbon Tax Policy

Management Center

From July 2nd to 4th 2025 the Vessel Management Center of An- In 2025 Antong Holdings organized senior executives totong Holdings held its Crew Summer Training Conference at the participate in the “Seminar on EU Shipping Carbon Tax andCompany’s headquarters in Quanzhou adopting a hybrid format Fuel Policy: Analysis and Strategic Response” engaging in

that combined in-person and online participation. The training in-depth discussions on low-carbon transition trends in the

covered targeted topics including engine room safety key points shipping industry and evolving ESG compliance requirements.for Port State Control (PSC) inspections requirements from MEPC By systematically unpacking the carbon tax policy and gain-

83 regulations on the transport of dangerous goods and mental ing insights into industry trends the Company has built a for-

health in seafaring. Participants also engaged in focused discus- ward-looking foundation for strategic decision-making in its

sions on ship safety inspections and pollution prevention clarifying ESG roadmap and sustainable development—demonstrating

key directions for future work. The conference not only strengthened its long-term commitment to green operations and its capaci-

crew members’ professional competencies and safety awareness ty for proactive action-oriented implementation.but also provided valuable support for enhancing overall vessel

management standards. Establishment of Caring Nursing Rooms

In response to the practical needs of breastfeeding employ-

ees the Company has specially planned and constructed

nursing rooms—creating dedicated spaces that combine

privacy and comfort. This initiative directly addresses the

unique needs of women in the workplace during a critical

life stage representing a key practice of the Company’s

commitment to humanistic care and continuous enhance-

ment of its employee welfare system.Nursing RoomAntong Holdings 2025 Environmental Social and Governance (ESG) Report 46/47Employee Support Programs Antong Holdings Guided by the principle of “safety first prevention-oriented andOccupational comprehensive governance” the Company continuously increases investment in

Antong Holdings adheres to the “people-oriented” philosophy and has established a diversified support system centered on the Em- safety conducts regular company-wide safety training and emergency drills and

ployee Care Fund Charter which covers all employees while providing targeted assistance to vulnerable groups. Guided by the Fund’s Health and Safety implements a robust mechanism for hazard identification rectification and closed-

principle of “relieving urgent needs not alleviating poverty; mutual aid and solidarity” the Company provides targeted hardship as- loop management to systematically control all types of safety risks. Through sus-

sistance to employees facing severe difficulties due to natural disasters family emergencies or children’s education expenses. It also Strengthening the Foun- tained efforts in occupational health management and safety culture building An-

implements an employee medical mutual aid program delivering tangible support to employees and their immediate family members dation of Employee Safety tong Holdings effectively safeguards employees’ physical and mental well-beingaffected by critical illnesses or accidental injuries—thereby creating a dual-layered safety net characterized by “compassionate daily care providing a solid foundation for stable and resilient business operations.and robust emergency assistance.” The use of the Fund strictly follows the principles of fairness impartiality reasonableness and mod-

eration with standardized procedures collective review and full transparency.In 2025 the Company provided assistance to 2 employees in difficulty disbursing RMB 0.0280 million in hardship grants and delivered Health and Safety Management Initiatives

medical mutual aid subsidies to 57 individuals totaling RMB 0.0981 million effectively alleviating employees’ financial and medical bur-

dens. These institutionalized and standardized initiatives convey organizational warmth strengthen the emotional bond between em- Antong Holdings strictly complies with national laws and regulations including the People’s Republic of China Law on Work Safety and

ployees and the enterprise embody the Fund’s mission—“Pooling collective strength to build a caring home”—and foster a corporate the People’s Republic of China Law on Prevention and Control of Occupational Diseases and has formulated internal regulations and

culture rooted in mutual support empathy and transparency. management systems such as the Work Safety Management Regulations and the Work Safety Management Accountability System plac-ing work safety at the core of its operations. The Company has established a Work Safety Management Committee—chaired by the General

2025 Manager—as the highest decision-making body supported by a dedicated Work Safety Management Office responsible for day-to-day supervision. Heads at all levels serve as primary persons accountable for safety within their respective domains forming an integratedProvide care and support Provide consolation funds Medical Mutual Amount of subsidy management system characterized by “centralized oversight by the Safety Committee operational execution by the Safety Office hierar-to employees in difficulty Assistance Subsidy chical accountability and full employee participation.”

2 Persons 2.80 RMB 10000 57 Persons 9.81 RMB 10000 The Company continuously enhances its employee lifecycle health management system by regularly or-Annual ganizing medical check-ups for staff. In 2025 the number of employees participating in health check-ups

Health reached 1001. Through comprehensive health check-ups the Company establishes individual health

Staff Activities Check-ups records for employees promptly identifies potential health risks and issues and implements proactive interventions to safeguard employee well-being in a holistic manner.Antong Holdings focuses on enhancing employees’ life experience by organizing a wide range of cultural and recreational activities

across its Quanzhou headquarters and seven regional divisions creating platforms for employee interaction and showcasing individual

talents. The activities encompass regular sports programs such as yoga and basketball as well as specially designed team-building The Company places great emphasis on preventing safety risks and eliminating potential hazards. To this end

events. Additionally the Company organizes cultural initiatives—including singing competitions birthday celebrations movie screenings it has systematically organized various work safety activities including emergency drills and fire evacuation

and spring outings—which enrich employees’ leisure lives foster closer team connections strengthen their sense of belonging and cohe- exercises and further strengthened and standardized all aspects of safety management. The Vessel Manage-

sion and contribute to a harmonious and uplifting workplace culture. ment Center in particular conducted a total of 29 safety training sessions throughout the year reaching 685 Safety

employee participations and achieving 100% safety training coverage. By integrating theoretical instruction Training

with hands-on practical training the Company ensures that employees thoroughly master safety operating

“Together with One Heart Embarking on a New Journey” Community Fun Run procedures and emergency response skills thereby significantly enhancing overall safety preparedness.On March 23rd 2025 the Company jointly organized a team-building participation

in the Quangang Half Marathon with the Sinotrans Running Club and the Tangshan

Haitong Running Club. Using running as a bridge the event transcended organiza-

tional boundaries fostering cross-company exchange while showcasing employ- “Work Safety Month” Campaign

ees’ energetic and positive spirit. Through interactive collaboration it deepened

partnerships and further strengthened employees’ sense of belonging and team In June 2025 taking the “Work Safety Month” campaign as an op-

cohesion. portunity the Company organized a series of diverse safety-themed

activities across its East China South China Southwest and other

The 4th “Antong Cup” Basketball Tournament regional offices. Through thematic learning sessions hazard inspec-tions emergency drills and other initiatives these activities effectively

From August to November 2025 the Company organized a staff basketball compe- enhanced employees’ safety awareness and emergency response ca-

tition at its headquarters. The event saw enthusiastic staff participation from across pabilities embedding a strong safety mindset throughout the organi-

all headquarters departments. During the matches players demonstrated determi- zation and supporting the Company’s high-quality development with

nation teamwork and strong coordination; after the games they deepened com- a high standard of safety performance.munication and built shared understanding. The competition effectively enriched

employees’ cultural life showcased the energetic and positive spirit of headquar-

ters staff and further strengthened team cohesion and collaborative synergy. Annual Fire Safety Drill

In November 2025 Antong Holdings conducted its annual fire safety

“Antong Good Voice” Employee Singing Contest drill under the theme “Comprehensive Fire Safety Life First Safe Useof Fire and Electricity” combining theoretical training with hands-on

From May to August 2025 the Company hosted a theme-based employee submis- exercises. The drill focused on evacuation from a smoke-filled escape

sion contest. Following the call for entries a total of 74 submissions were received simulator and outdoor fire extinguishing practice. Organized under the

from across the country achieving an 80% participation rate among regional of- command of the Emergency Response Leadership Group the activity

fices. An online public preliminary voting round was conducted company-wide was rolled out in batches to cover personnel in critical roles effectively

garnering over 10000 votes. The competition culminated in an on-site final held enhancing employees’ emergency self-rescue capabilities and vali-

during the Family Open Day where 10 finalists showcased their talents onstage dating the Company’s incident response procedures.vividly reflecting employee creativity and the vitality of Antong’s corporate culture.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 48/49

Performance Highlights for 2025

Software Copyrights 19 Items R&D Investment 237.05RMB 10000

Number of Invention Patents 2 Items Total R&D projects 19Items

Number of Industrial Design Patents 6 Items Number of Suppliers 2612Units

Number of Artistic Works 6 Items Customer Complaint Resolution Rate 100%

Response to the United Nations Sustainable

Development Goals (SDGs)

We integrate innovation into our core gather strength through joint governance and actively respond to the

United Nations Sustainable Development Goals. Riding the tide of shipping we strive toward a smarter and

more sustainable tomorrow.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 50/51

Antong Holdings adheres to an innovation-driven development strategy. By strength-

R&D and Innovation ening its R&D management system enhancing the management of technological inno- Innovative Container Anti-Contamination Control to Strengthen Food Safety in Transportation

vation projects increasing R&D investment and reinforcing intellectual property protec-

Driving Industrial Itera- tion the Company systematically advances the application of new vessel technologies To ensure the safety of food transportation Antong Holdings officially launched a digitalized contamination prevention

tion and Upgrading and the development of digital platforms—continuously enhancing its core competitive- management system for food-grade container cargo on November 12th 2025. The system focuses on key operational ness and providing strong momentum for industrial iteration and upgrading. stages—including booking loading/unloading stacking and container pick-up—and implements comprehensive risk con-

trols through multiple measures: establishing “historical cargo labels” and digital profiles for each container enforcing

categorized management based on cargo compatibility developing a real-time risk verification dashboard and enabling

automated container pick-up interception via a mobile application when contamination risks are detected. This end-to-end

digital framework effectively eliminates cross-contamination risks and provides robust technological assurance for food

R&D Management System safety throughout the logistics chain.To strengthen the application and innovation management of new vessel technologies enhance technical capabilities in vessel man-

agement and promote the upgrading of vessel management practices the Company has formulated and issued the Regulations on the Intellectual Property Protection

Application Process for New Vessel Technologies and Innovation Management providing institutional support for the effective implemen- 2025

tation of new technologies and the continuous improvement of innovation capacity. Software Copyrights Number of Industrial

The Company strictly complies with intellectual property protection Design Patents

laws and regulations including the PRC Copyright Law the PRC

Management of Technological Innovation Projects Incentives for Technological Innovation Trademark Law and the PRC Patent Law and has integrated intel-

lectual property protection into its corporate governance system. 19 Items 6 Items

By implementing technical protection measures the Company fully

Submission：In accordance with relevant national regula- An evaluation committee composed of experts assesses fulfills its intellectual property protection obligations respects the

tions and the Company’s requirements project proposals innovation outcomes based on criteria such as technical intellectual property rights of others safeguards its own legitimate Number of Invention Number of Artistic

shall be prepared and submitted to the Vessel New Technol- merit economic benefits and social impact and pro- rights and interests and fosters a market environment conducive to Patents Works

ogy Application and Innovation Management Team. motes recognized achievements. fair competition.Review： A review committee composed of experts evalu- Individuals and teams who have made outstanding As of the end of the reporting period the Company holds 19 soft- 2 Items 6 Items

ates each project based on criteria including technological contributions to the application and innovation of new ware copyrights 2 invention patents 6 design patents and 6 copy-

advancement economic feasibility and market potential. vessel technologies shall be commended and rewarded righted artistic works.accordingly.Management and Oversight：A project management sys-

tem is established to clearly define each project’s objectives

tasks responsibilities timelines and budget. Additionally

a project oversight mechanism is implemented to monitor

and inspect project progress quality and cost control.R&D Teams and Projects

2025

R&D Investment Total R&D Completed Major Completed key

projects projects projects projects

237.05 RMB 10000 19 Items 7 Items 6 Items 2 Items

The Company places great emphasis on building a strong team of scientific and technological talent progressively developing a

structured talent pipeline and continuously enhancing its core technological capabilities and competitiveness. As of the end of the

reporting period Antong Holdings invested RMB 2.3705 million in R&D and was undertaking a total of 19 R&D projects.In 2025 the Company has already successfully completed seven high-quality projects namely the Big Data Lakehouse Cybersecurity

Classified Protection Assessment Management and Operational Analytics Dashboards for headquarters and regional offices Cyber-

security Enhancement Initiatives Barge Management Platform Anti-Contamination Measures for Food and Cargo in Containers and

Terminal System Integration; meanwhile six key projects—including Intelligent Vessel (Advanced Development) Barge Management

Platform Fixed Asset Management System Specialized Trailer Retrofitting Requirements Anti-Contamination Measures for Food and

Cargo in Containers and Hazardous Materials Prevention and Control Program—have been prioritized for the year of which two have

already been completed.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 52/53

Supply Chain Antong Holdings regards supplier lifecycle management as the cornerstone of a stable and efficient supply chain. By establishing a robust institutional framework Supplier Evaluation and Oversight

Management implementing categorized and tiered management and strengthening supplier

onboarding and performance evaluation mechanisms the Company systematically

Building a Win-Win Col- builds a collaborative and mutually beneficial supply chain ecosystem providing The Company adheres to the principles of “dynamic quantification and comprehensive evaluation” conducting ongoing assessments of suppliers across key dimensions including cost quality delivery technical capability and service. In ac-

laborative Ecosystem solid support for stable business operations. cordance with the Procurement Project Classification Table suppliers are classified into four performance tiers: Excellent

(Grade A) Good (Grade B) Satisfactory (Grade C) and Unqualified (Grade D). When all else is equal Grade A suppliers are

given priority for invitation to bidding processes.Additionally the Company has established a unified Supplier Management Information System that maintains real-time

Supplier Management System electronic credit profiles for all suppliers capturing data on their qualification participation in procurement activities con-

tract performance evaluation results and any rewards or penalties. This system enables end-to-end digital management

and seamless information sharing throughout the supplier lifecycle.System Design Principles Institutional Support and Organizational

Safeguards Supplier Exit

Antong Holdings regards supplier lifecycle manage- To standardize procurement practices promote sup-

ment as the core guarantee for a stable and efficient plier integrity and fair competition and achieve win-

supply chain placing great emphasis on end-to-end win outcomes in supply chain management Antong The Company has established clear criteria and procedures for supplier disqualification to ensure the compliance and

control—from partner onboarding to ongoing collab- Holdings has formulated a series of regulatory docu- quality of its supplier base. Registered suppliers will be removed from the supplier database if they are ordered to suspend

oration. Antong Holdings has clearly defined a pro- ments in accordance with relevant national laws and or cease operations lose their ability to fulfill contractual obligations or are listed on the Serious Violation and Dishonesty

curement strategy and supplier development direc- regulations and the Company’s operational realities List. For suppliers engaging in misconduct such as unjustified withdrawal after bid submission failure to perform after

tion aligned with its corporate strategy. The Company including the Supplier Management Measures the contract signing unauthorized reduction in product or service quality or bid-rigging and bribery the Company will impose

actively shares its strategic objectives and vision with Procurement Management Measures the Operational penalties according to the severity of the offense including suspension of procurement eligibility for 3 to 36 months and

suppliers establishes shared values fosters long-term Guidelines for Quotation in Vessel Material Procure- inclusion on the integrity blacklist. The disqualification process requires investigation and verification by relevant depart-

and stable partnerships and collaborates with suppli- ment the Operational Guidelines for Quotation in ments submission of findings to the Centralized Procurement Center for a final decision and written notification to the

ers to drive technological advancement and industrial Bunker Fuel Procurement the Procedures for Lubricant supplier.upgrading—achieving mutual benefit and win-win out- Procurement Application and Acceptance and the De-

comes. tailed Rules for Bid Evaluation Activities.Sustainable Supply ChainThe Company implements full lifecycle supplier management in accordance with the core principles of “centralized management cate- Antong Holdings actively advances the shipping industry’s green development and supply chain collaboration strategy and participatesgorization and tiering comprehensive verification and dynamic performance evaluation.” in a wide range of supply chain forums and high-level exchange events from multiple dimensions. In 2025 the Company participatedin the CHIMBUSCO 2025 Global Green Supply Chain Partners Conference held under the theme “Green & Smart Bunkering: Powering aThe Centralized Procurement Center serves as the Company’s designated supplier management authority responsible for formulating New Era of Sustainable Shipping.” The Company joined global partners in exploring opportunities and challenges in green supply chain

the Company’s supplier management policies and overseeing key functions including the review of supplier onboarding and exit perfor- development promoting green shipping principles and advancing the sustainable transformation of the global maritime industry. Mean-

mance evaluation and other material matters. while the Company also attended the Sinopec COSCO Shipping Fuel & Supply 2025 Supply Chain Partners Conference demonstrating its

All centers and departments of the Company serve as supporting units for supplier management with primary responsibilities including commitment through concrete actions to advance green transformation in shipping and synergistic supply chain development thereby

organizing credit and qualification reviews of potential suppliers and assisting the Centralized Procurement Center in carrying out other contributing to the building of a green maritime ecosystem and promoting efficient integrated supply chain collaboration.related supplier management tasks.Supplier Full Lifecycle Management

Supplier Onboarding

The Company has established a standardized supplier onboarding system. All centers and departments actively conduct

market research and leverage public information platforms and other resources to broaden supplier sourcing channels.Through multi-dimensional evaluations—including qualification reviews and on-site inspections—the Company selects

high-quality partners with compliant operations and stable performance capabilities and updates its supplier database.As of the end of the reporting period the Company had a total of 2612 suppliers.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 54/55

Product and Service Antong Holdings has always regarded product and service responsibility as the

Customer Rights Protection and Service Enhancement

cornerstone of its corporate development. Through systematic measures including

Responsibility improving its institutional systems refining customer rights and interests protec-tion mechanisms and fortifying cybersecurity defenses the Company continuously

Upholding Commitments enhances product safety performance and service quality effectively safeguards Antong Holdings attaches great importance to customer complaint management. By establishing a stan-

the legitimate rights and interests of customers and provides a solid guarantee for

to Quality and Service dardized handling mechanism and clarifying the division of responsibilities and process standards the high-quality development. Company effectively safeguards the legitimate rights and interests of customers. Antong Holdings has fully

Customer Complaint publicized all customer complaint acceptance channels. In 2025 the Company’s customer complaint han-

Management dling rate and resolution rate both reached 100%. This standardized management mechanism and its

Product Safety and Quality Management highly effective implementation have not only ensured timely and fair responses to customer concerns but also enabled continuous optimization of service processes through problem review effectively enhancing

customer satisfaction and consolidating the Company’s positive service image.Sound Institutional System To deepen customer relationships and address customer needs Antong Holdings has established a regular

customer visit mechanism. Based on differentiated visit frequencies (e.g. monthly quarterly semi-annu-

ally) the mechanism regularly collects customer feedback and promptly responds to customer demands.To comprehensively enhance product safety and service quality Antong Before visits communication materials are prepared in advance based on customer historical records

Holdings adheres to the principle of “Safety First Quality Foremost” sys- industry trends and competitive information; after visits key information is entered and submitted in ac-

tematically establishing a safety and quality management system cover- cordance with the customer visit form in the CRM system. Through the closed-loop visit mechanism the

ing the entire product life cycle. Based on the ISO 9001 Quality Manage- Customer Relation- Company has transformed customer communication from experience-driven to data-driven standardized

ment System Certification the Company has established and improved a ship Maintenance management achieving sustainable improvement in customer relationships.series of rules and regulations such as quality management systems and The Company has also established a structured customer care system to accurately identify and target key

work safety management systems. It has formulated and implemented decision-makers and influencers in customer relationships. In line with customer characteristics it designs

the Administrative Regulations on Grade Assessment of Work Safety Stan- personalized interactions such as joint Party-building activities and the presentation of value recognition

dardization Customer Service Quality Management Measures (2023 Edi- awards. During holidays festive gifts are sent to maintain emotional bonds. Daily care is provided through

tion) Compilation of Vessel Work Safety Management Standards Notice information reminders event alerts and small courtesy gifts fostering stable warm and long-term cus-

on Further Standardizing Container Loading Processes Administrative tomer relationships.Measures for Container Repair Quality Acceptance and other rules and

regulations. The Company strengthens quality control work safety risk

identification and hazard investigation continuously enhances product

Customer Satisfaction Antong Holdings attaches great importance to customer satisfaction surveys and continuously optimizes safety performance and service quality providing a solid guarantee for ISO 9001 Quality Management System Certification

Survey service quality through systematic research and analysis. In 2025 the Company’s customer satisfaction rate the Company’s high-quality development. reached 94% an increase of 2% compared to 2024.Quality and Process Management

To strengthen customer service quality management Antong Holdings has formulated the Customer Service Quality Management Mea- Efficient Collaboration to Mitigate Typhoon Impacts and

sures (2023 Edition). The Company has established a comprehensive management system centered on customers featuring closed-loop Fully Safeguard Customer Supply Chain Security

processes and specific standards for product safety and quality management. The Company has set up a quality management organi-

zational system centered on the Operations Department which is responsible for coordinating all service processes including customer In September 2025 Nansha Port was closed due to Typhoon Ragasa. The

service hotlines satisfaction surveys complaint handling and follow-up mechanisms. All business departments regional divisions and Stowage Department of Quanzhou Antong Logistics and the Barge Team

service outlets shall collaborate to establish a cross-regional coordination mechanism ensuring that service quality responsibilities are of the South China Region responded rapidly. They deployed transport

assigned to specific posts. capacity in advance and optimized plans to ensure that all 176 contain-

To promote business optimization and risk prevention the Company has ers from Guilin Guisheng Grain Co. Ltd. were safely transshipped beforeestablished a full-process closed-loop mechanism of “Acceptance – Complaints shall be transferred to the responsi- the shipping channel was closed thereby avoiding supply chain disrup-Handling – Feedback – Rectification – Follow-up”. ble department within 30 minutes with a han- tion. This action demonstrated the Company’s professional emergency dling plan formulated within 1 working day response capability and efficient coordination and embodied its custom-

Through measures such as evaluating phone call recordings building a er-centric commitment.consultation knowledge base and issuing satisfaction survey reports the The handling results shall be confirmed by fol-

Company converts service data into a management basis. In addition it low-up within 2 hours and filed in the EAS system

regularly compiles valid complaint cases and shares them with relevant

departments to continuously improve service quality. Regular tracking and follow-up shall be con-

ducted on customer suggestions and abnormal

events to form a continuous improvement cycleAntong Holdings 2025 Environmental Social and Governance (ESG) Report 56/57

Data Security and Privacy Protection

Data Security

Conducting Targeted Phishing Email Security

Antong Holdings attaches great importance to data securi- Training to Enhance Cybersecurity Awareness

ty management. It has formulated regulations such as the Among All Employees

Data Management System (Trial) and the Information Securi- On June 25th 2025 the Company’s Information Department

ty Management System establishing a full life-cycle security organized a dedicated training session on phishing email

mechanism that covers data access storage use and per- security. The training focused on reviewing phishing email

mission allocation. EAS Integrated Logistics System and Of- drills analyzing attack techniques and identifying common

ficial Website System have obtained Classified Protection of pitfalls. Through in-depth analysis of typical cases this train-

Cybersecurity Level 2 while the Booking Network System has ing systematically explained the key points for identifying

obtained Classified Protection of Cybersecurity Level 3. With spoofed emails and the corresponding protection strategies

the “Digital Intelligence Service Portal” as its core platform effectively improving all employees’ awareness and practi-

the Company strengthens platform control and permission cal capabilities to defend against email-based attacks.protection and builds a comprehensive defense line for data

security.Focusing on the Three-Year Action Plan for Tackling Root

Causes in Cybersecurity and Workplace Safety the Informa-

tion Department has systematically established a cyberse-curity protection system under the theme of “reinforcingfoundations and strengthening bases”. In 2025 high-avail-

ability deployment of zero-trust and WAF devices was com-

pleted; more than 70 system penetration vulnerabilities and

over 3000 host and web vulnerabilities were addressed; 29

public network ports and 10 domain names were retired;

phishing simulations emergency drills and 4 specialized

security training sessions were conducted; the re-evaluation

of Classified Protection of Cybersecurity Level 3 was finished

and honeypot systems were deployed. Through a series of

construction initiatives the overall cybersecurity protection Phishing Email Security Training

capability has been effectively enhanced providing a solid

guarantee for the Company’s digital transformation. Systematic Deployment of HFish Honeypot

Platform to Build a Proactive Threat Perception

System

Privacy Protection Based on the ThreatBook’s HFish honeypot platform the Company has deployed a proactive trapping system across

the data center office area and external network. Since its

launch at the end of November 2025 the system has iden-

Antong Holdings has established a management frame- tified over 240 attack IP addresses intercepted over 600 at-

work for customer privacy protection based on agreements tacks and detected over 4000 scanning attempts with at-

and centered on data security. The Antong Logistics Booking tack sources originating from both domestic and overseas.Platform clarifies the legal effect of privacy clauses through The system enables precise monitoring of intranet lateral

the Booking User Registration Agreement and strictly limits movement and external attack paths providing robust sup-

the purpose of information usage during service delivery. In- port for threat intelligence and proactive response.formation is solely used to fulfill platform services or achieve

necessary interconnectivity. Under specific circumstances

(such as at the request of government authorities or in cases

of suspected infringement) the platform may lawfully pro-

vide user information to third parties in accordance with the

law and commits to adopting technical measures to ensure

data security. The Company has formulated and implement-

ed mechanisms such as the Employee Confidentiality System

(August 2021 Revised Edition) to ensure that all employees

fully understand the importance of customer privacy protec-

tion keep the Company’s confidential information and safe-

guard the overall and long-term interests of the Company.During the reporting period the Company did not experience

any incidents of customer privacy breaches. Honeypot PlatformAntong Holdings 2025 Environmental Social and Governance (ESG) Report 58/59

Performance Highlights for 2025

Donation to the Maritime Search and Rescue Public Welfare Fund

of Quanzhou Charity Federation 10RMB 10000

Total number of participants in the "Green Voyage Safe Travel" campaign 500 Persons

Response to the United Nations Sustainable

Development Goals (SDGs)

Carrying goodwill through shippingbenefiting people’s livelihood with action.Antong Holdings actively fulfills

its corporate social responsibilitymaking development more caring and the future more promising.Antong Holdings 2025 Environmental Social and Governance (ESG) Report 60/61

Rural Revitalization Antong Holdings actively engages in rural revitalization to advance urban-ru- Social welfare activities are an important embodiment of corporate social responsi-ral integrated development. Through industrial and consumption assistance the bility. Antong Holdings actively engages in various public welfare undertakings and

Empowering Compre- Company helps rural areas enhance their development capacity and narrow the Social Welfare has established a sound social responsibility system. In the course of conducting

hensive Rural Develop- urban-rural gap thereby contributing to the national rural revitalization strate- Conveying Corporate public welfare initiatives the Company not only demonstrates its warmth and sense gy. Meanwhile the Company expands its market reach during such participation of responsibility but also fosters its employees’ ethical awareness and sense of so-

ment achieving sustainable development through collaborative assistance. Warmth and Strength cial responsibility further enhancing corporate cohesion and unity.Developing a“Single Document”Rail-Sea Intermodal Grain Train “Green and Safe Travel” Series of Activities

On August 20th 2025 Antong Holdings in collab-

oration with railway and port partners successfully In March 2025 the Company’s Southwest

launched the“Single Document”rail-sea intermod- Region organized a“Green and Safe Trav-al grain train dedicated to rural revitalization lever- el”themed activity. Centered on green and

aging its multimodal transport platform. The project safe the activity advocated low-carbon trav-adopts a model of“one-time commissioning one set el through initiatives such as points-basedof documents direct transport to the destination and check-ins hiking challenges and knowl-one-time settlement” achieving efficient connectivity edge promotion. The initiative leveraged the

from Fuyang Anhui Province to Fujian Guangdong “Qingxun Sports Ranking” mini-program

Guangxi and the Shanghai International Shipping for digital management attracting over 500

Center and opening up a golden export corridor for participants in total. More than 80% employ-

major grain-producing areas. This move effectively ees have developed sustainable low-carbon

safeguards the security of the national grain supply travel habits. This activity transforms green

chain and supports the new development pattern of “Single Document”Rail-Sea Intermodal Grain Train travel from individual behavior to collective

“dual circulation”and the construction of a unified responsibility effectively supporting the im-national market. plementation of the Company’s dual-driven strategy: “strengthening external servicesTargeted Procurement of Boneau Customized Water and empowering internal reforms”.On May 28th 2025 the Quanzhou Branch of Antong

Holdings signed a procurement contract for custom-

ized water with Guangxi Bama Liquan Beverage Co. Public Welfare Donations to Strengthen Maritime Safety Defense

Ltd. to provide targeted support for industrial devel- and Jointly Protect Lives & Shipping Channels

opment in national key counties designated for rural

revitalization assistance. Through procurement the In December 2025 the Company donated RMB 100000 to the Maritime Search and Rescue Public Welfare Fund of Quanzhou

project has boosted employment for local enterpris- Charity Federation which was specifically designated for the development of social rescue forces equipment upgrades and

es and farmers. It has established clear product stan- personnel training. The donation will help enhance the response speed and handling capabilities for maritime emergencies

dards intellectual property rights protection and a contributing to the strengthening of maritime safety defenses. Through concrete actions the Company supports maritime

long-term cooperation mechanism integrated corpo- search and rescue efforts demonstrates its commitment to public welfare and calls on more social forces to jointly safeguard

rate operations with rural revitalization and explored a maritime safety.new sustainable path for assistance. Bama Yao Autonomous County Customized Mineral Water

Guangxi from Bama Guangxi

Supporting Spring Plowing with Uninterrupted Supply During the Spring Festival

Antong Holdings leverages its efficient logistics net-

work to support the transportation of spring plowing

supplies with precise resource allocation and custom-

ized multimodal transport solutions ensuring the un-

impeded flow of agricultural supplies. For 406 boxes of

Guizhou phosphate fertilizer the Company established

a dedicated “railway-highway-waterway” transport

route within 48 hours. It launched a spring plowing

special line delivering over 400 cases of chemical

fertilizer to Fujian and Guangdong and transporting

297000 tons of agricultural supplies via rail-sea inter-

modal transport in Northeast China. The Company has Spring Plowing Transportation Site

achieved smooth operations through the nationwide

green corridor for agricultural supplies effectively

supporting spring plowing production and serving the

strategies of rural revitalization and food security. Charity Donation Certificate Letter of Proposal for Raising Public Welfare FundAntong Holdings 2025 Environmental Social and Governance (ESG) Report 62/63

Appendix Social Performance

Indicator Unit 2025

Key Performance Indicators (KPIs) Total Number of Employees Persons 1096

Percentage of Male Employees % 54.5

Economic Performance Percentage of Female Employees % 45.5

Percentage of Employees Aged 29 and Under % 15.7

Indicator Unit 2025

Percentage of Employees Aged 30–49 % 80.8

Total Assets RMB 10000 1567983.55

Percentage of Employees Aged 50 and Over % 3.5

Operating Income RMB 10000 908010.14

Percentage of Employees with Associate Degrees or Below % 39.9

Net Profit Attributable to the Parent Company RMB 10000 108599.05

Percentage of Employees with Bachelor’s Degrees % 55.9

Income Tax Expenses RMB 10000 30656.24

Percentage of Employees with Master’s Degrees or Above % 4.1

Employee Training Duration Hours 29939.23

Environmental Performance Number of Employee Training Sessions Sessions 313

Indicator Unit 2025 Average Training Duration Per Person Hours 26.38

Scope 1 GHG emissions tCO2e 367582.64 Employee Training Investment RMB 10000 52.95

Scope 2 GHG emissions tCO2e 846.86 Assistant Fund for Employees with Special Hardships RMB 10000 2.80

Total GHG Emissions(Scope 1 and Scope 2) tCO2e 368429.50 Employee Medical Mutual Assistance Fund RMB 10000 9.81

Environmental Protection Investment RMB 10000 6410.75 Employee Physical Examination Person-Times Persons 1001

Number of Training Activities in the Maritime

Times 78 R&D Investment RMB 10000 237.05

Environmental Protection Field

Software Copyrights Items 19

Number of Environmental Risk Emergency Drills Times 10

Number of Invention Patents Items 2

Electricity Consumption MWh 1596.04

Number of Industrial Design Patents Items 6

Gasoline Consumption L 82086.43

Number of Artistic Works Items 6

Heavy Fuel Oil (HFO) Consumption T 114314.27

Number of Suppliers Units 2612

Marine Gas Oil (MGO) Consumption T 3564.97

Number of Customer Complaints Times 9

Natural Gas Consumption m3 384.00

Customer Complaint Resolution Rate % 100

Water Consumption T 13649.13

Customer Satisfaction % 94

Cybersecurity Development Task Areas Units 9

Donation to the Maritime Search and Rescue Public Welfare Fund RMB 10000 10Antong Holdings 2025 Environmental Social and Governance (ESG) Report 64/65

Indicator Index Table

Governance Performance Response to the United Nations Sustainable Development Goals (SDGs)

Indicator Unit 2025 SDGs goals Chapter

Funds for Party Building Activities RMB 10000 8.36

V. Shipping with Goodwill Logistics for People’s Well-being

Number of Party Building Activities Times 35 1. Rural Revitalization: Empowering Comprehensive Rural Development

Number of Directors Persons 9

III. Talent-Driven Enterprise Intelligent Navigation for the Future

Number of Independent Directors Persons 3 2. Labor Rights: Safeguarding Employees’ Lawful Rights and Interests

Number of Female Directors Persons 1 III. Talent-Driven Enterprise Intelligent Navigation for the Future

Number of Board Meetings Held Times 12 1. Talent Team: Building a High-Quality Talent Pipeline

Number of Shareholders’ Meetings Times 6 III. Talent-Driven Enterprise Intelligent Navigation for the Future

1. Talent Team: Building a High-Quality Talent Pipeline

Number of Independent Directors’ Special Meetings Times 3

Number of Audit Committee Meetings Times 9 II. Environmental Initiatives Driven by Green and Intelligent Development

2. Green Operation: Building a Low-Carbon and Green Port Ecosystem

Number of Strategy Committee Meetings Times 4

Number of Nomination Committee Meetings Times 3 III. Talent-Driven Enterprise Intelligent Navigation for the Future 2. Labor Rights: Safeguarding Employees’ Lawful Rights and Interests

Number of Remuneration and Appraisal Committee Meetings Times 4

IV. Collaborative Supply Chain Governance and Smart Ecosystem Innovation

Attendance Rate of Various Board Meetings % 100 1. R&D and Innovation: Driving Industrial Iteration and Upgrading

3. Product and Service Responsibility: Upholding Commitments to Quality and Service

Number of Performance Briefings Times 6 III. Talent-Driven Enterprise Intelligent Navigation for the Future 1. Talent Team: Building a High-Quality

Disclosure of Regular Reports Copies 4 Talent Pipeline V. Shipping with Goodwill Logistics for People's Well-being 1. Rural Revitalization: Empowering Comprehensive Rural Development

Disclosure of Interim Announcement Copies 85

II. Environmental Initiatives Driven by Green and Intelligent Development

Number of Integrity Education Activities Times 24 2. Green Operation: Building a Low-Carbon and Green Port Ecosystem

Integrity Education Activity Coverage Rate % 100 II. Environmental Initiatives Driven by Green and Intelligent Development 2. Green Operation: Building a

Low-Carbon and Green Port Ecosystem IV. Collaborative Supply Chain Governance and Smart Ecosystem

Anti-Commercial Bribery Agreement Signing Rate % 100 Innovation 3. Product and Service Responsibility: Upholding Commitments to Quality and Service

Number of Information Security Training Sessions Times 4 II. Environmental Initiatives Driven by Green and Intelligent Development 1. Climate Response: Following

the Core Pathway to Shipping Decarbonization V. Shipping with Goodwill Logistics for People's Well-

Number of Meetings Related to Discipline Inspection and Supervision Times 2 being 2. Social Welfare: Conveying Corporate Warmth and Strength

II. Environmental Initiatives Driven by Green and Intelligent Development

4. Ecological Stewardship: Protecting Marine and Coastal Ecosystems

I. Governance as the Foundation for Steady Progress Toward the Future

2. Operational Compliance: Building the Bottom Line for Secure Operations

4. Business Ethics: Upholding Integrity Principles in Business Operations

IV. Collaborative Supply Chain Governance and Smart Ecosystem Innovation

2. Supply Chain Management: Building a Collaborative and Mutually Beneficial EcosystemAntong Holdings 2025 Environmental Social and Governance (ESG) Report 66/67

Index to Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Feedback Form

Companies—Sustainability Report (Trial)

Dimension Topic Article Chapter

Dear Reader

Climate Change Tackling Article 21-28 II. 1. Climate Response: Following the Core Pathway to Shipping Decarbonization Thank you for reading the 2025 Environmental Social and Corporate Governance (ESG) Report of Antong

Pollutant Discharge Article 30 II. 4. Ecological Stewardship: Protecting Marine Holdings Co. Ltd. To provide you and other stakeholders with more professional and valuable corporate ESG and Coastal Ecosystems

information we kindly request your assistance in completing the relevant questions in this feedback form.Waste Disposal Article 31 II. 4. Ecological Stewardship: Protecting Marine and Coastal Ecosystems Your input will help us further enhance our ESG performance in the future.Ecosystem and II. 4. Ecological Stewardship: Protecting Marine

Biodiversity Protection Article 32 and Coastal Ecosystems Closed-ended questions (Please tick √ in the corresponding box)

Environment

Environmental II. 2. Green Operation: Building a Low-Carbon 1. Your relationship with Antong Holdings？

Compliance Management Article 33 and Green Port Ecosystem

II. 2. Green Operation: Building a Low-Carbon □ Employee　□ Customer　□ Supplier　□ Regulatory Authority　□ Media　□ Others ____(Please specify)Energy Usage Article 35 and Green Port Ecosystem 2. Your overall evaluation of the Report？

Usage of Water Resources Article 36 II. 2. Green Operation: Building a Low-Carbon and Green Port Ecosystem □ Excellent　□ Good　□ Fair　□ Poor　□ Very Poor

Circular Economy Article 37 II. 3. Resource Efficiency: Promoting Efficient 3. Your evaluation of the structure of the ReportCircularity Across the Entire Shipping Value Chain

Rural Revitalization Article 39 V. 1. Rural Revitalization: Empowering

□ Excellent　□ Good　□ Fair　□ Poor　□ Very Poor

Comprehensive Rural Development 4. Your evaluation of the layout design and presentation of the Report

Social Contribution V. 2. Social Welfare: Conveying Corporate Article 40 Warmth and Strength □ Excellent　□ Good　□ Fair　□ Poor　□ Very Poor

Innovation-Driven Article 42 IV. 1. R&D and Innovation: Driving Industrial 5. Your evaluation of the Company’s overall performance on environmental issues？Iteration and Upgrading

Ethics of Science and □ Excellent　□ Good　□ Fair　□ Poor　□ Very Poor

Technology Article 43 N/A 6. Your evaluation of the Company’s overall performance on social issues？

Supply Chain Security Article 45 IV. 2. Supply Chain Management: Building a Win-

Society Win Collaborative Ecosystem □ Excellent　□ Good　□ Fair　□ Poor　□ Very Poor

Equal Treatment to Small and IV. 2. Supply Chain Management: Building a Win- 7. Your evaluation of the Company’s overall performance on governance issues？

Medium-Sized Enterprises Article 46 Win Collaborative Ecosystem

Safety and Quality of IV. 3. Product and Service Responsibility: □ Excellent　□ Good　□ Fair　□ Poor　□ Very PoorArticle 47

Products and Services Upholding Commitments to Quality and Service

Data Security and Customer Article 48 IV. 3. Product and Service Responsibility:

Open-ended question

Privacy Protection Upholding Commitments to Quality and Service

III. 1. Talent Team: Building a High-Quality 1. Your comments and suggestions on Antong Holdings’ ESG practices？

Employees Article 50 Talent Pipeline 2. Labor Rights: Safeguarding

Employees’ Lawful Rights and Interests

Due Diligence Article 50 I. 4. Business Ethics: Upholding Integrity Principles in Business Operations If you are willing please assist in addressing the issues raised in the feedback form and provide your feedback

Sustainability- Communications with Article 53 I. 5. Information Disclosure: Establishing a

using one of the following methods.Stakeholders Multi-Party Communication Mechanism

Related Address: Antong Holdings Building 156 Tonggang West Street Fengze District Quanzhou Fujian Province.Governance Anti-Commercial Bribery I. 4. Business Ethics: Upholding Integrity and Anti-Corruption Article 55 Principles in Business Operations Contact number: 0595-28092211

Email: antong@antong56.com

Anti-Unfair Competition Article 56 I. 4. Business Ethics: Upholding Integrity Principles in Business OperationsAntong Holdings Co. Ltd.

2025 Environmental Social and Governance (ESG) Report