SUSTAINABILITY REPORT02 Zijiang Enterprise 2025 Sustainability Report

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About This Report Reference

Terminology Company / Business Unit Terminology Company / Business Unit

Container PET bottle and preform business Hubei Zidan Hubei Zidan Food Packaging & Printing

Report Overview Packaging including Shanghai and regional Food Co. Ltd.Business Unit subsidiaries

This is the second Sustainability Report issued by Shanghai Zijiang Enterprise Group Co. Ltd. (“Zijiang Enterprise” Ziquan Label Shanghai Ziquan Label Co. Ltd.Paper Packaging Zidan Food Zidan Packaging

the “Company” or “we”). It outlines the Company’s sustainability actions and progress during the reporting period. Business Unit Technology Zidan Printing including Shenyang Shenyang Ziquan Beverage Industry Co.Prior to this we had published ESG reports for four consecutive years. This report presents our strategic progress Shanghai and regional subsidiaries Ziquan Beverage Ltd.management practices and performance on sustainability matters in response to stakeholder concerns. Crown Caps & Ziquan Packaging Ziquan Label Guilin Ziquan

Labels Business including Shanghai and regional Beverage Guilin Ziquan Beverage Industry Co. Ltd.Unit subsidiaries

Zidan Packaging Shanghai Zidan Packaging Technology

Beverage OEM Ziquan Beverage including Shanghai Technology Co. Ltd.Business Unit and regional subsidiaries

Shanghai Zidan Food Packaging &

Scope of the Report ZIRI Packaging ZIRI Packaging including Shanghai and

Zidan Food Printing Co. Ltd.regional subsidiaries

Shaanxi Ziquan Shaanxi Ziquan Beverage Industry Co.This report covers Shanghai Zijiang Enterprise Group Co. Ltd. and its subsidiaries consistent with the scope of Zijiang Color Shanghai Zijiang Color Printing & Beverage Ltd.entities consolidated in the financial statements. It describes the Company’s sustainability management practices Printing Packaging Co. Ltd.Shenyang Zijiang

for the period from 1 January 2025 to 31 December 2025 (the “reporting period”). To enhance completeness Anhui Zijiang Anhui Zijiang Composite Material Packaging Shenyang Zijiang Packaging Co. Ltd.certain statements and data may where necessary refer to previous years. Composite Technology Co. Ltd.Guangdong ZIRI Guangdong ZIRI Packaging Co. Ltd

ZJMP Shanghai Zijiang Metallization Environmental Protection Material Co. Ltd. Meishan Zijiang Meishan Zijiang Packaging Co. Ltd.Basis of Preparation Ziyan Alloy Shanghai Ziyan Alloy Application Hubei Zidan Technology Co. Ltd. Packaging Hubei Zidan Packaging Technology Co.Technology Ltd.This report has been prepared in accordance with the relevant requirements of the Self-Regulatory Guidelines Zidong Nylon Shanghai Zidong Nylon Material Technology Co. Ltd. Tangshan Zijiang Packaging Materials

No. 14 for Listed Companies of the Shanghai Stock Exchange — Sustainability Reports (Trial) with reference to Tangshan Zijiang Co. Ltd.the GRI Standards the United Nations Sustainable Development Goals (UN SDGs) and the Task Force on Climate- Zijiang Int'l Shanghai Zijiang International Trading

Trade Co. Ltd. Shenyang ZIRI

related Financial Disclosures (TCFD). It also reflects the sustainability priorities of investors customers and the Packaging Shenyang ZIRI Packaging Co. Ltd.industry so that the disclosures respond to the information needs of key stakeholders. Zihua Technology Shanghai Zihua Film Technology Co. Ltd. Sichuan ZIRI

Packaging Sichuan ZIRI Packaging Co. Ltd.Nanjing Zile Nanjing Zile Beverage Industry Co. Ltd.Qionglai Zijiang Qionglai Zijiang Packaging Products Co.Data Reliability Declaration Ziquan Beverage Shanghai Ziquan Beverage Industry Co. Packaging Ltd.Ltd.Xi’an Zijiang Xi’an Zijiang Enterprise Co. Ltd.The information disclosed in this report is primarily derived from the Company’s internal management systems Ziquan

Packaging Shanghai Ziquan Packaging Co. Ltd. Yichang Ziquan Yichang Ziquan Beverage Industry Co.operating statistics and consolidated data. Necessary internal review procedures were completed during the Beverage Ltd.compilation process. The report was approved by the Board of Directors on 27 April 2026 following confirmation Anhui ZJMP Anhui Zijiang Metallization Environmental

by management. Protection Material Co. Ltd.Luohe Zijiang Luohe Zijiang Packaging Co. Ltd.Shandong Shandong New Optimization Materials

Zidan Printing Shanghai Zidan Printing Co. Ltd. NewOpt Technology Co. Ltd.Report Access

This report is published as a standalone Sustainability Report in both Chinese and English. In the event of any

discrepancy the Chinese version shall prevail. The electronic version is available on the Shanghai Stock Exchange Feedback

disclosure website and the official website of Zijiang Enterprise. For any questions about this report or requests for further information please contact:

Shanghai Zijiang Enterprise Group Co. Ltd.

7C Hongqiao Business Building No. 2272 Hongqiao Road Changning District Shanghai China

Tel: +86-21-62377118

Email: zijiangqy@zijiangqy.com04 Zijiang Enterprise 2025 Sustainability Report

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Table of Contents

06 Message from the Executive

About Zijiang Enterprise Sustainability Strategy Zero Carbon Transition Innovative Packaging Solutions

08 Company Overview 14 Sustainability Strategy 24 Climate Action 38 Sustainable Products

10 Awards and Recognitions 17 Double Materiality 29 Energy Management

34 Building a Low-Carbon Value Chain

Integrated Resource

Journey with Community Efficiency Advanced Manufacturing

48 Industry Development 56 Environmental Management 64 Product Quality

51 Community Engagement 61 Resource Efficiency 65 R&D and Innovation

53 Philanthropy 67 Customer Collaboration

73 Lean Operations

Governance & Compliance

Nurturing Workforce Excellence

80 Employee Rights and Interests 98 Corporate Governance 106 Appendix

82 Career Development and Training 102 Business Ethics

85 Compensation and Benefits 102 Information Security

90 Health and Safety 104 Supply Chain Management06 Zijiang Enterprise 2025 Sustainability Report

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Message from the Executive

review and upgrade of our ESG management system. We also formally introduced

the Z-Value sustainability strategy framework placing sustainability at the center of

As the global economy moves steadily toward a more sustainable future a company’s our future development agenda.long-term competitiveness increasingly depends on its ability to remain resilient amid

Centered on long-term value creation the Z-Value sustainability strategy systematically

uncertainty act responsibly and continue creating long-term value. For traditional manufacturers integrates low-carbon transition and environmental responsibility innovation-driven

products and smart manufacturing upgrades resource efficiency improvement

achieving sustained growth through economic cycles is no longer simply a matter of scale or

talent and organizational capability building community impact creation and sound

efficiency. It is also a broader test of how resources are allocated how the business is run and transparent and responsible corporate governance. Z-Value represents a structured

refinement of Zijiang Enterprise’s established development logic. It is designed to

how future development is defined.embed sustainability into operations management decisions and business expansion

in a more comprehensive and consistent way.Zijiang Enterprise remains committed to becoming a leading packaging manufacturer

and service provider in China delivering high-quality and sustainable solutions to

customers. Industry leadership is not the end goal; it is the baseline expectation

Zijiang Enterprise is guided by a long-term perspective with prudent for professional capability and corporate responsibility. More importantly over the

operations and value creation at the heart of its development philosophy. long course of business development we seek to grow together with employees

customers and value chain partners and to help advance the industry toward a

Since its founding we have remained focused on our core business respected more efficient low-carbon and sustainable future.industrial fundamentals and continuously refined our development path in response

to a changing external environment. As a company rooted in the packaging industry

we have always looked beyond short-term gains toward more durable value creation.We believe corporate value lies in the ability to provide customers and society with

stable and reliable product solutions in a more efficient less resource-intensive

and more sustainable way. On this basis we continue to embed sustainability into

product design manufacturing systems and management decisions making it an

integral part of how we operate and translating it into stronger operational quality Guided by long-termism and grounded in our business

and service capability. characteristics and stage of development we will continue

advancing the Z-Value sustainability strategy strengthening

In 2025 we became even more convinced that sustainability must evolve from our capability for sustainable operations and creating

experience-led action to systematic planning and from isolated practices to enterprise-

wide coordination. Based on a comprehensive assessment of our development stage lasting value in a prudent transparent and responsible

industry trends and long-term risks and opportunities we carried out a group-level manner — together shaping a more sustainable future.08 Zijiang Enterprise 2025 Sustainability Report

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About Zijiang Enterprise Zijiang Enterprise Packaging Business

Business Segment Business and Capability Overview

Company Introduction Seven regional clusters and over 50 plants nationwide. Annual capacity exceeds 20 billion

PET Bottles and

units serving beverages water dairy edible oils condiments and personal care products

Preforms

with PET solutions for Fortune Global 500 companies and leading domestic brands.Shanghai Zijiang Enterprise Group Co. Ltd. (Stock Code: 600210) was founded in 1988 and listed on the Shanghai

Stock Exchange in 1999. Based in Shanghai with a nationwide network and expanding overseas presence it is

a leading packaging manufacturer and service provider in China delivering high-quality sustainable solutions. Operates nine production bases nationwide with annual capacity of nearly 5 billion bottles.Beverage OEM Products cover carbonated drinks tea beverages juices protein drinks and health foods

with hot-fill aseptic cold-fill and carbonated-fill capabilities.Company Overview

Manufactures crown caps ring-pull caps shrink labels high-transparency PE shrink film

Built around packaging Zijiang Enterprise also operates in import and export trade real estate and venture Crown Caps and and hygiene packaging. Annual capacity exceeds 30 billion labels 30 billion crown caps

investment. It has interests in over 100 companies nearly 7000 employees and a business network across China Labels and 800 million hygiene packaging bags supported by long-term partnerships with major

and overseas. industry players.Guided by prudent operations and long-termism the Company continues to invest in capacity technology and

Equipped with advanced international production equipment the business operates more

management to strengthen scale quality and service.than 60 production lines across six domestic and overseas production bases. With annual

Tamper-Evident

capacity approaching 30 billion units it can meet diverse market needs such as laser coding

Plastic Caps

promotional labeling and outer-cap printing serving more than 600 customers including

Core Values leading players in beverages bottled water and dairy.Vision Values Motto Provides direct food-contact packaging folding cartons takeaway boxes and pre-printed cartons

Color Paper

supported by both offset and flexographic printing. Products serve food pharmaceuticals

Packaging

To Become the Most Devotion Simplicity Behave Honestly Work daily necessities and cosmetics with long-term multinational partnerships.Respected Enterprise Sustainability Persistence Sedulously

Plastic Develops and manufactures laminated flexible packaging for food personal care and

Composite pharmaceuticals. The business also participates in national and industry standards and

Packaging exports to markets across the Americas Asia and Europe.Industrial Layout

Metallized Provides end-to-end services from packaging design to vacuum metallization. Products

Paper and include metallized board and waterproof label paper for premium and anti-counterfeiting

Packaging Business Beverage Packaging Paperboard packaging in tobacco cosmetics and food.Zijiang Real Estate Business Paper & Plastic Packaging Integrates R&D manufacturing and sales in polyethylene film and serves leading hygiene PE and PA Films

Enterprise product brands. Biaxially oriented nylon film capacity reaches 20000 tons per year.Venture Investment Business

Focused on the R&D production and sale of water-soluble films with capacity above 1500

Water-Soluble

tons. Applications include laundry pods agrochemical pods dishwasher tablets marble

Trade Films release films and water-transfer printing films.10 Zijiang Enterprise 2025 Sustainability Report

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Awards and Recognitions

Zijiang Enterprise Awards

Shareholder Return Award 2025 Best Sustainability Practice

for Investor Relations Case of Listed Companies

Securities Times China Association for Public Companies

2025 Outstanding Internal Control Special Contribution Award

Practice Case of Listed Companies for Corporate Governance

China Association for Public Companies Directors & Boards Magazine

Shanghai Manufacturing

Single Champion Carbon Path Practitioner Award

Shanghai Municipal Commission of Stockstar

Economy and Informatization

No. 3 in the 2025 China Top 100

Printing & Packaging Enterprises Outstanding Listed Company Award

Printing Manager Stockstar

ESG Ratings

A BBB

Wind ESG Rating Huazheng ESG Rating12 Zijiang Enterprise 2025 Sustainability Report

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Sustainability Strategy

Built on long-term operating practice Zijiang Enterprise has elevated sustainability

into a systematic strategic framework. Guided by long-termism the Company regards

sustainability as a core enabler of prudent operations and long-term value creation

and uses a clear framework to align priorities and actions.

14 Sustainability Strategy

17 Double Materiality14 Zijiang Enterprise 2025 Sustainability Report

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Sustainability Strategy

Zero Carbon Transition

Zijiang Enterprise’s long-term development depends on systematic progress in resource

efficiency production models organizational capability and governance. Building on existing

sustainability practices the Company has further clarified its overall framework and core

sustainability priorities to strengthen resilience and long-term value creation amid a changing Innovative Packaging

external environment. Solutions

Journey with Community

Integrated Resource

Efficiency

Advanced

Manufacturing

Nurturing Workforce

Z-Value Sustainability Strategy

The Z-Value Sustainability Strategy is a framework shaped by Zijiang Enterprise’s long-term operating practice and

corporate culture. It is designed to manage environmental social and governance priorities through a systematic

approach and embed them into core business processes. Governance &

Compliance Excellence16 Zijiang Enterprise 2025 Sustainability Report

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Double Materiality

Zero Carbon Transition

Zijiang Enterprise focuses on low-carbon transition treating climate and resource constraints

as key conditions for long-term operations. It continues to optimize its energy mix production To identify sustainability topics that matter most to long-term development and stakeholders Zijiang Enterprise

methods and operating model to better align environmental performance with business objectives. introduced the double materiality principle in preparing its 2025 Sustainability Report. The Company systematically

assessed sustainability topics from two perspectives: the Company’s impact on the external environment and

society and the impact of these topics on business performance risk management and long-term value creation.Innovative Packaging Solutions A standardized process supports both sustainability decision-making and disclosure.Driven by innovation the Company continues to upgrade packaging materials product design Assessment Process

and solutions. While meeting diverse customer needs it enhances environmental performance

and functional value supporting higher-quality growth in its packaging business. From a value chain perspective the Company identified stakeholders

Step 1 closely linked to sustainability and gathered their key concerns through

ongoing communication. During the reporting period Zijiang Enterprise

Journey with Community Stakeholder Identification identified seven major stakeholder groups: customers shareholders

and Engagement and investors government agencies industry organizations partners

Zijiang Enterprise values shared development with employees partners and communities. employees and communities. Their feedback was used as an important

Through responsible operations and long-term collaboration it promotes shared value creation input for topic assessment.across the value chain and builds relationships based on trust and mutual benefit.The Company reviewed its development strategy business priorities

Step 2

Integrated Resource Efficiency and industry environment to identify the key areas that may affect value

creation in the current and longer term providing strategic and operational

Strategic and Business

The Company improves the efficiency of water raw materials and other key resources through context for topic identification and materiality assessment.Context Analysis

systematic management advancing both resource allocation optimization and circular use. This helps

reduce operating costs and environmental impact while enhancing overall operational efficiency.The Company referenced the GRI Standards the Shanghai Stock Exchange

Guidelines No. 4 on Sustainability Report Preparation and international

Advanced Manufacturing Step 3 frameworks including IFRS S1 and IFRS S2 while considering industry ESG priorities and its own management practices. Based on this process

With advanced manufacturing and lean management at its core Zijiang Enterprise continues to Topic Identification it regularly reviewed and updated its ESG topic list. During the reporting

and Regular Updates period 22 ESG topics were identified across environmental social and expand automation digitalization and smart manufacturing. This improves productivity quality governance dimensions.consistency and safety providing a stronger manufacturing foundation for sustainable operations.Nurturing Workforce Each topic was assessed from both impact materiality and financial

Step 4 materiality. Impact materiality focuses on the Company’s actual or potential

The Company follows a people-centered approach with strong emphasis on employee development effects on the environment and society across operations and the value

and organizational capability. It fosters a safe inclusive and sustainable workplace enhances Double Materiality chain. Financial materiality focuses on the impact of ESG topics on business

employee skills and organizational vitality and builds long-term talent strength. Assessment performance risk management and long-term value creation.Governance & Compliance Excellence

After assessment the Company conducted an integrated analysis and

Step 5

Zijiang Enterprise continues to strengthen its governance structure and compliance system prioritization of all topics and mapped the results into a materiality matrix

reinforce transparency and accountability and improve risk management and internal control to identify the issues most critical to its sustainable development and Prioritization and Matrix determine the report’s disclosure priorities.laying a solid governance foundation for prudent operations and sustainable development. Mapping18 Zijiang Enterprise 2025 Sustainability Report

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Stakeholder Engagement

Zijiang Enterprise places strong importance on ongoing stakeholder engagement and views effective response

to stakeholder concerns as a key foundation for sustainable development and long-term value creation. During Engagement

the reporting period the Company identified and continuously engaged seven key stakeholder groups — Stakeholder Key Concerns Core CommitmentChannels

customers shareholders and investors government agencies industry organizations partners employees and

communities — and adopted diversified communication channels based on their priority concerns to improve

relevance and effectiveness. Contribute practical

? Participation experience to industry

? Industry in Industry exchange and standard

Development Standard- development support

? Technological Setting technological progress and

Innovation ? Industry collaboration and promote

Industry

Engagement Conferences the healthy evolution of

Stakeholder Key Concerns Core Commitment Organizations the industry system.Channels

Build a transparent and

? Environmental ? Customer Integrate quality and

Management low-carbon practices ? Tendering and

responsible supply chain

Visits Procurement collaboration mechanism

? Climate Action across product design ? Supply Chain integrate sustainability ? Calls manufacturing and Management ? Business requirements into

? Customer ? Product service and work with ? Business Ethics Communication cooperation processes Service Carbon customers to support and and improve resilience

? Information Footprint Customers business growth and green Partners

Collaboration and long-term reliability

Security Verification transition. together with partners.? Shareholder ? Occupational

? Corporate Meetings Health and Strengthen long-term

Governance Safety? Announcements value creation through

? Employee ? Employee Foster a safe equitable ? Risk sound governance and inclusive workplace

Management ? Emails forward-looking Rights Representative

? Digital ? Investor

Congress combine employee growth

management and ? Talent

Meetings Development ? Engagement with organizational Enablement continuous improvement

Shareholders and Surveys capability building

Investors ? Lean

? Online Investor in operations and strategy ? Diversity and strengthen team

Operations Platforms execution. Equity and ? Internal cohesion and long-term

? EmployeesInvestor Calls Inclusion Publications development momentum.? Fair

Compensation

? Environmental and Benefits

Management

Align closely with policy ? Water ? Policy direction and regulatory

Resource Communication expectations integrate Support community

Management ? Regular environmental and ? Donations development and public

? Waste Reporting compliance management ? Community welfare while responding Management into daily operations and ? Volunteer ? Daily Engagement to environmental and Activities

? Occupational Communication promote coordinated social needs promoting Government Health and progress in economic

? Public Welfare ? Employment positive interaction

Agencies ? Environmental Safety development and social

and Charity for People with

Disclosure between corporate

responsibility. Community Disabilities growth and community ? Employee

Rights development.20 Zijiang Enterprise 2025 Sustainability Report

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Materiality Matrix During the reporting period we updated the following topics to better align with the Company’s strategy and

goals while enhancing communication and responsiveness with stakeholders:

Through a systematic materiality assessment Zijiang Enterprise identified the sustainability topics most relevant

to its business and stakeholders taking into account both industry characteristics and corporate strategy. The 2024 Topic 2025 Update

assessment considered not only the impact of topics on the environment and society but also their potential Water Resource Consolidated into Resource Efficiency under a unified framework for

effects on long-term operations risk management and financial performance ensuring that disclosures reflect Management resource efficiency and integrated resource use

the Company’s core sustainability priorities.Consolidated into Environmental Management as part of the broader

Based on the double materiality principle Zijiang Enterprise assessed 22 ESG topics by analyzing impact scope Waste Management environmental management system

level of risks and opportunities and relevance to operations and value creation and developed a materiality matrix.Six highly material topics were ultimately identified as key disclosure priorities for the 2025 Sustainability Report. Digital Enablement Consolidated into Lean Operations to reflect the role of digitalization in improving operational efficiency

Circular Economy Upgraded to Sustainable Products to highlight circularity at the product level

Technological Revised to R&D and Innovation to emphasize the role of R&D in long-

19 Innovation term competitiveness

12 Risk Management Consolidated into Corporate Governance to reinforce its role within the

11 4 13 governance system

218

16 10 In the materiality assessment Zijiang Enterprise evaluated not only each topic’s environmental and social impact but

21 20 also its potential effect on business performance and long-term financial outcomes. These topics may affect value

22 8 1 creation through cost structure operating efficiency competitiveness compliance risk and financing capability.

14

93

1715

Material Topics and Financial Impact Analysis

6

7 Material Topic Significance to Zijiang Enterprise Financial Impact Analysis

5

Advance lightweight packaging design Improves resource efficiency reduces raw

Sustainable improve recyclability and gradually material use and waste treatment costs

Products introduce circular and lower-impact strengthens product differentiation and

materials to upgrade the product portfolio. supports long-term profitability.Build efficient customer collaboration Improves customer satisfaction and

Stakeholder Impact Materiality Customer mechanisms improve customer stickiness supports market share and revenue

Collaboration management and service processes and stability and optimizes cash flow and business

Innovative Packaging enhance partnership value. continuity through long-term cooperation.Zero Carbon Transition Solutions Journey with Community Integrated Resource Efficiency

Continuously optimize management Reduces production and operating costs

1. Climate Action 4. Sustainable Products 5. Industry Development 8. Environmental systems and operating processes and through process optimization and smarter

2. Energy Management 6. Community Engagement Management

Lean Operations strengthen data-driven performance management while improving asset

management to improve efficiency and utilization and returns.

3. Low-Carbon Value Chain 7. Philanthropy 9. Resource Efficiency resource allocation.

Continue strengthening governance Helps reduce compliance and operating risks

Corporate structure institutional systems and strengthen investor confidence improve

Governance disclosure mechanisms to enhance financing capability and optimize capital

Advanced Manufacturing Nurturing Workforce Governance & Compliance Excellence transparency and oversight. costs.Establish climate governance mechanisms Lowers emissions-related costs and potential

10. Product Quality 14. Employee Rights and Interests 19. Corporate Governance Climate Action identify climate-related risks and compliance risks through energy efficiency opportunities and promote low-carbon and energy mix optimization while enhancing

11. R&D and Innovation 15. Talent Development 20. Business Ethics operations and energy-saving measures. brand value and competitiveness.

12. Customer Collaboration 16. Fair Compensation and Benefits 21. Supply Chain Management

Occupational Maintain a comprehensive occupational Reduces workplace accidents and

13. Lean Operations 17. Diversity Equity and Inclusion 22. Information Security Health and health and safety management system occupational health risks limits operational

Safety covering risk identification health disruption and related costs and improves 18. Occupational Health and Safety management and safety training. long-term operating stability.Zijiang Enterprise Financial Materiality22 Zijiang Enterprise 2025 Sustainability Report

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Zero Carbon Transition From operations to the value chain Zijiang Enterprise integrates low-carbon transition into every link through energy-saving innovation process optimization and green supply chain development. While improving energy efficiency

and expanding renewable energy use the Company works with upstream and downstream partners to support the

industry’s low-carbon transition.Key Metrics

24 Climate Action Companies with SBTi validation: 2

29 Energy Management

Companies with PAS 2060 carbon neutrality certification: 6

34 Building a Low-Carbon Value Chain

Companies with LEED Silver certification: 1

ESG Strategic Targets

Reduce product carbon intensity by 10% by 2030

Increase the share of clean energy use to 30% by 2030

Achieve distributed solar PV coverage across 80% of operating sites by 203024 Zijiang Enterprise 2025 Sustainability Report

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Climate Action

Climate Governance Physical Risk

Zijiang Enterprise integrates climate action into business management under the overall leadership of the General

Manager ensuring close alignment with business development. Through clear division of responsibilities the

Company advances carbon inventory data management and low-carbon transition initiatives to support climate Impact of extreme weather on production continuity

risk identification and emissions reduction. Heatwaves storms and typhoons may affect plant operations employee safety and

Business units and subsidiaries implement measures suited to their own operations including emissions production conditions disrupting continuous production and delivery.identification data collection and energy-saving and carbon-reduction actions. Cross-functional coordination

helps embed climate management across business units. Regional differences in climate-related risks

Different production sites may face different climate risks requiring more flexible local response

Climate Risk Identification measures.Considering the characteristics of packaging manufacturing its multi-regional production footprint and value Impact of logistics and external environments

chain position Zijiang Enterprise has identified climate-related risks that may affect operations and long-term Climate events may affect transport routes and logistics efficiency influencing raw-material

development with a focus on transition risks and physical risks. supply and delivery performance.Higher requirements for adaptation to long-term climate change

Transition Risk Changes in temperature and extreme-weather patterns may require ongoing improvements in

plant design equipment selection and operations.Customer decarbonization requirements and changing collaboration models

As downstream customers tighten low-carbon requirements the Company may face higher

expectations in procurement collaboration and product design increasing pressure on material

substitution green design and process optimization. Climate Risk Management

Pressure on manufacturing segments during low-carbon transition The Company has established a climate risk management framework that integrates climate-related requirements

Ongoing investment in equipment technology and process upgrades may create challenges into production and energy management continuously improving its climate response capability. It also extends

for cost control and operational efficiency. low-carbon requirements across the value chain to strengthen overall low-carbon development and operational

resilience.Impact of energy transition and higher clean-energy use

A higher share of clean energy may affect production stability to some extent and raise Assessment

requirements for responding to energy-price volatility. The Company assesses the potential impact of climate risks on operations and business development

in light of industry trends and its own operating conditions with a focus on the likelihood and severity

Supply-chain carbon disclosure requirements of such risks.Stronger customer requirements on carbon information disclosure may increase pressure on

value-chain suppliers in data transparency and system development affecting supply-chain Response and Management

coordination and stability. For the key risks identified Zijiang Enterprise clarifies management priorities and integrates corresponding

measures into daily production energy management and supply chain management with relevant teams

Impact on products and cost structure under carbon constraints responsible for implementation.Some Zijiang Enterprise entities are subject to annual GHG accounting reporting verification

and carbon allowance compliance. Tighter allocation rules carbon price volatility and stricter Continuous Improvement

emissions controls may increase compliance costs. The Company continues to track and review the implementation of climate risk response measures and

in light of changes in operating conditions adjusts and improves them in a timely manner to strengthen

overall response capability and operational resilience.26 Zijiang Enterprise 2025 Sustainability Report

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Climate Strategy

During the reporting period Zijiang Enterprise completed carbon inventories for its manufacturing plants in The Paper Packaging Business Unit has established clear GHG reduction

Paper Packaging Business Unit:

accordance with the GHG Protocol covering Scope 1 and Scope 2 emissions and providing the data foundation Long-Term and Interim Science- targets tailored to its operations and production characteristics

for subsequent emissions management. Based Targets supported by action plans for implementation.——— Greenhouse Gas Emissions ———

Net-zero target Near-term target

Unit: tCO2e

By 2050 By 2035

Emissions Scope 2025 2024 2023 reduce absolute Scope 1 + 2 emissions by 90% reduce absolute Scope 1 + 2 emissions by 63%

Scope 3 emissions by 90% Scope 3 emissions by 37.5%

Scope 1

47461.2750949.1531882.31

(Direct Emissions)

Carbon footprint accounting

system

Scope 2 350026.25 325620.37 294790.95

Scope 1 + Scope 2 397487.52 376569.52 326673.26 ? Corrugator logistics motor upgrade

Energy-saving retrofit ? Workshop recirculated air system upgrade

projects ? HVAC duct energy-saving retrofit

The Company provides carbon inventory training through both online and offline formats to continuously ? Paper cup machine suction system optimization

strengthen the expertise and practical capabilities of relevant personnel.? Accumulated solar PV capacity 9.982 MWp

Key Metrics

? Total power generation 13592.82 MWh

Training Sessions Total Participants ? Green certificates retired 9890 MWh

2 Renewable energymore than 100 ? PPA green power purchased 5549.526 MWh

? Renewable electricity as a share of total power use 66.81%

? Carbon reduction benefit 12194 tCO2e

Zijiang Enterprise is steadily advancing the exploration and implementation of carbon reduction targets. Based

on the development stage and decarbonization baseline of different business segments the Paper Packaging

Business Unit and Zijiang Color Printing have both obtained SBTi target validation with targets aligned to global ? GHG report preparation

temperature pathways. This reflects the Company’s systematic approach to emissions reduction and climate Carbon system certifications ? Carbon neutrality certification

resilience.? Carbon footprint certification for three product series28 Zijiang Enterprise 2025 Sustainability Report

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Energy Management

Zi j iang Color Pr int ing: Zijiang Color Printing has set science-based GHG reduction targets

Low-Carbon Transit ion

and Emissions Reduction and is advancing low-carbon transition through a series of specific

Targets measures. Zijiang Enterprise continues to implement energy management across business units through energy-saving

technical retrofits process optimization and expanded renewable energy adoption tailored to regional and

operational conditions reducing reliance on conventional energy. Built on institutional management systems

the Company continues to improve and certify its energy management framework.Near-term target

Key Metrics

by 2030 Companies with ISO 50001 energy management certification:

reduce absolute Scope 1 + 2 emissions by 42% 14

Scope 3 emissions by 25%

Clean energy generation in 2025:

63736 MWh

? Carbon management system certificate Share of non-fossil energy in 2025:

Carbon management ? Demonstration entity for carbon management system implementation

17.36%

recognition ? GHG verification certification

? Product carbon footprint report

Energy-Saving Measures

Energy-saving measures are the foundation of the Company’s energy management and emissions reduction

efforts. Through equipment upgrades process improvement and operational optimization Zijiang Enterprise

embeds energy-saving requirements into daily operations and progressively reduces both energy intensity and ? Multiple carbon reduction taskforces total energy consumption.Professional capability ? Carbon management training certificates for the plastics industry

? Carbon management qualification certificates

Equipment Upgrades Process Improvement

? Clean and low-carbon energy substitution

? Waste heat recovery and cascading energy use

Energy-saving and carbon- Auxiliary System Electric Forklift

? Energy efficiency improvement and equipment retrofits Optimization Lighting Improvementsreduction measures Replacement and Adoption

? Raw material reduction and circular resource management

? Integration of energy-saving and carbon reduction into daily operations30 Zijiang Enterprise 2025 Sustainability Report

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Equipment Upgrades Process Improvement

Case Container Packaging Business Unit: Refrigeration efficiency upgrades Case Paper Packaging Business Unit: Multi-point upgrades

Centralized retrofits of aging refrigeration systems delivered energy savings of up to 45% in some At Zidan Food workshop air recirculation upgrades cut AC operating

plants and over 3920 MWh in total. Shenyang Zijiang saved 900 MWh while Meishan Zijiang reduced time by about 4.5 hours per day saving 339 MWh annually.energy use by over 15% through air-compressor pipeline upgrades. At Zidan Packaging Technology corrugator logistics optimization

saved about 1.8 MWh per year.Case Case

Beverage OEM Business Unit: High- Crown Caps & Labels Business Unit: Heating

Efficiency Magnetic Bearing Chiller + AI and equipment efficiency

Optimization

At Guilin Ziquan Beverage a high-efficiency Ziquan Label optimized printing-machine Case Zijiang Color Printing: Solvent-free lamination

magnetic bearing chiller combined with heating and introduced waste heat recovery

piping optimization automatic supply- cutting electricity intensity by about 50%

demand matching and AI-based supply and saving about 440 MWh annually. Solvent-free lamination reduced solvent use and VOC emissions while improving efficiency. In 2025

Ziquan Packaging and Ziquan Label also the process saved about 3000 tons of steam about 280 MWh of electricity and cut about 3200 optimization helped keep plant cooling

replaced old motors and pumps saving tons of CO2.COP above 5. This delivered about 45%

energy savings about 20 MWh per year.and cut annual

electricity use by

over 1580 MWh. Auxiliary System Optimization Lighting System Improvements

Case Paper Packaging Business Unit: Case

Case ZJMP: Refrigeration and PCW upgrades Auxiliary system upgrades

At Hubei Zidan Food HVAC duct optimization saved Crown Caps & Labels Business Unit:

At the Anhui plant refrigeration and PCW system upgrades 340 MWh annually. Daylighting improvements

reduced pump-room energy use by 45.6% in phase I and 24.5% At Hubei Zidan Packaging Technology paper-cup Shanghai Ziquan Packaging introduced

in phase II with 17 MWh saved in October versus the first-half machine suction optimization saved 267 MWh per year. daylighting systems in selected

monthly average. production areas reducing reliance

on artificial lighting during the day and

improving the working environment.Estimated annual electricity savings

are about 20 MWh.32 Zijiang Enterprise 2025 Sustainability Report

33

Case Case Case Container Packaging Business Unit: Energy Storage Supports Green Power Use

ZIRI Packaging: LED lighting upgrades ZJMP: Lighting retrofit at the Anhui plant To improve energy efficiency optimize the power structure and

strengthen green power capability the Container Packaging

Guangdong ZIRI replaced traditional lighting Lighting retrofit reduced lighting energy use Business Unit built an energy storage station at its South China

with LED fixtures across the plant reducing by 17.4% year on year and 9.5% quarter on plant. The project was connected to the grid in June 2025 with

annual electricity use by about 1.2 MWh and quarter saving about 2.75 MWh of electricity. an installed scale of 1.15 MW / 2.33 MWh making it Zijiang

corresponding CO2 emissions by about 0.64 Enterprise’s first self-built energy storage station.tons.Based on the plant’s existing energy management foundation

the system coordinates storage with electricity load to create

Electric Forklift Replacement a dynamic peak-shaving and valley-filling model. Electricity

is stored during off-peak periods and released during peak

periods reducing peak power demand and electricity costs while

Case Container Packaging Caps & Labels and ZIRI Packaging: Replacing fuel forklifts improving grid stability.with electric models

Over the past two years the Container Packaging Business Unit phased out 7 fuel forklifts and purchased Digital Energy Management

35 new-energy electric forklifts. Zijiang Enterprise combines energy management with digital platforms by building and continuously improving

Crown Caps & Labels Business Unit has continued replacing older internal-combustion forklifts adding energy dashboards. Through real-time monitoring and analysis of energy consumption data the Company

5 electric forklifts during the reporting period. optimizes resource allocation and improves energy efficiency.

ZIRI Packaging also introduced electric forklifts achieving 75% lower carbon emissions while improving

operating efficiency.Optimizing Energy Use

Group Platform: Container Packaging Energy Overview Group Platform: Beverage OEM Energy Overview

Building on continuous energy-saving upgrades Zijiang Enterprise has structurally optimized its energy mix by

introducing renewable energy and reducing dependence on fossil fuels. Through distributed solar and green

power procurement the Company is gradually advancing the green transition of energy use.Solar Power

Renewable energy deployment is assessed based on feasibility stability and alignment with production needs.Zijiang Enterprise ensures effective use of renewable energy under different regional and business conditions Group Platform: Caps & Labels Energy Overview Paper Packaging Business Unit Energy Management Platform

while maintaining reliable supply and improving production efficiency.Year 2021 2022 2023 2024 2025

Solar Panel Area (m2) 117300 210519 291567 467333 620865

Solar Coverage Rate (%) 18.36 31.72 40.51 56.64 72.02

ZIRI Packaging Energy Management Platform ZJMP Energy Management Platform34 Zijiang Enterprise 2025 Sustainability Report

35

Low-Carbon Value Chain

Zijiang Enterprise extends low-carbon transition from its own operations to every stage of the value chain. By Case Case

working with value chain partners it is promoting the systematic implementation of low-carbon principles across

the value chain.ZJMP and Zidong Nylon: ZIRI Packaging: Reverse logistics and circular

Pallet recovery recovery

Green Logistics

ZJMP recovered 6515 raw paper pallets At Shenyang ZIRI carton packaging was replaced with

and 1171 semi-finished product pallets reusable iron cages reducing carton use by about

In advancing its low-carbon value chain Zijiang Enterprise works closely with suppliers and customers to gradually

totaling 7686 pallets 14000 units; the cages can be reused for five years.promote the circular use of packaging materials and lower-carbon logistics.Zidong Nylon reused 3745 recovered Plastic pallets also replaced wooden pallets.pallets further promoting circular use Sichuan ZIRI established a reverse logistics system

of packaging materials and resource for the recovery and reuse of iron cages pallets and

savings. cartons.Case Crown Caps & Labels Business Unit: Reducing outer packaging through

structural optimization

Outer packaging upgrades improved carton The business unit also implemented multiple

loading efficiency. In 2025 carton use per case circular logistics models including self-purchased Case Zidong Nylon: Green logistics and transportation

fell by 14 kg; 2434 large cartons were used pallets + regular recovery and customer-provided

reducing paper consumption by 7.25 tons and pallets + regular recovery reducing one-time pallet

carbon emissions by 7.32 tCO2e. use and improving pallet turnover efficiency. In The Company introduced electric transport vehicles to reduce carbon emissions during transportation. By

2025 it recovered 2810 plastic pallets. optimizing warehouse layout and implementing smart dispatch systems Zidong Nylon significantly reduced

empty-load rates improved transport efficiency and further reduced energy use and environmental impact.Case Zijiang Color Printing: Circular packaging and reuse

Zijiang Color Printing promotes green procurement and works with suppliers and customers to recover

and reuse pallets wooden boxes and plywood packaging materials. In 2025 the Company internally

recovered and reused 83900 auxiliary items and together with customers and suppliers recovered and

reused 23400 additional items.36 Zijiang Enterprise 2025 Sustainability Report

37

Innovative Packaging

Solutions

Zijiang Enterprise advances packaging transformation through circular innovation promoting a shift

from a linear model to a more sustainable circular model. The Company continues R&D and application in

38 Sustainable Products recyclability reusability lightweighting and material reduction embedding green principles into product

design production and use to improve both environmental and operational performance.ESG Strategic Targets

Achieve recyclable design capability for 90%

of newly developed products by 2030

Establish a green materials and circular

packaging innovation platform to co-develop low-

carbon packaging solutions with key customers38 Zijiang Enterprise 2025 Sustainability Report

39

Sustainable Products Case Zero-Waste Circular Action

In partnership with Leju Technology Zijiang Enterprise launched an employee recycling platform

Zijiang Enterprise uses Reduction Reuse Recycle and New Materials as the core framework for sustainable

with collection equipment in offices and plants. Collected bottles plastics paper and metals enter a

packaging innovation. By combining green principles with technological innovation the Company continues to

improve the sustainability of its packaging products. standardized recycling system and are sent to recycling plants for conversion into green materials.The Company has deployed 8 empty-bottle recycling machines and smart recycling bins. In 2025 it

recovered about 33220 empty bottles and cans weighing 956.21 kg along with 906.2 kg of paper

and metals delivering total carbon reduction of about 2500 kg.Reduce material use and carbon Develop reusable packaging systems

emissions through lightweighting to extend service life and reduce

and structural optimization. waste.Reduction Reuse

Container Packaging Business Unit Crown Caps & Labels Business Unit Paper Packaging Business Unit

Factory Recycling Equipment Factory Recycling Equipment Factory Recycling Equipment

3R1N

Recycle New Materials

Accelerate the development

Improve recyclability so materials

and application of bio-based

can be effectively recovered and

degradable and high-circulation-

reused at end of life.performance materials.Zijiang Color Printing Factory ZJMP Factory Recycling Equipment Zidong Nylon Factory Recycling

Recycling Equipment Equipment40 Zijiang Enterprise 2025 Sustainability Report

41

Reduction

Zijiang Enterprise systematically optimizes packaging structures and material configurations through coordinated

improvements in process design and manufacturing reducing material use while maintaining performance and Case Zihua Technology: Ultra-light breathable film

safety.Zihua Technology developed

Case Container Packaging Business Unit: Lightweight bottle neck and preform design ultra-light breathable blown

film reducing the basis

For carbonated beverage customers the bottle neck was light-weighted by 1.02 g per unit cutting weight of diaper and sanitary-

PET use by about 5100 tons based on output of 5 billion preforms. pants backsheet film from 14

gsm and 15 gsm to 8 gsm and

For a functional water preform weight was reduced from 7.23 g to 5.58 g; every 2 billion units save

about 3300 tons of PET. 10 gsm equivalent to overall

reductions of about 43% and

A customer’s 1L energy-drink bottle was redesigned from a 37 g copied preform to a 35 g new

33%.

preform with interchangeable mold-core components enabling adaptation to multiple bottle types

and further lightweighting.Case Case

Reuse

Crown Caps & Labels Business Unit: ZIRI Packaging: Lightweight products

Raw material reduction and lower material use through

standard-operation improvement Zijiang Enterprise improves the way packaging and auxiliary materials are used in production and logistics by

Film thickness was reduced from 0.045 mm promoting repeated use and circular turnover. Without changing material properties or performance the Company

At Sichuan ZIRI cap weight was reduced

to 0.04 mm lowering film consumption by extends service life reduces single-use consumption and waste and improves overall operating efficiency.from 1.91 g to 1.88 g through mold

11% year on year at equivalent output. In optimization. Reduced sterilization

2025 355 tons of thinner film were applied. frequency in the aseptic workshop also

Tinplate thickness for crown caps was cut annual cap use by about 29.95 million

Case Beverage OEM Business Unit: Reuse of packaging and logistics materials

units corresponding to about 65 tons less

reduced from 0.23 mm to 0.20 mm; output material consumption.of 1 billion caps saves 260 tons of tinplate Nanjing Zile promotes the repeated use of label cores cap cartons wooden pallets and carton cover

and cuts carbon emissions by about 819 boards. The plant has reused about 25000 label cores 51000 cap cartons and 1200 wooden pallets

with a combined weight of about 82.59 tons. It also promoted the reuse of wooden cover boards by

tons. Case external suppliers with cumulative weight of about 168.59 tons.ZJMP: Transfer base-film reduction project

ZJMP launched a project to replace 14.3

μm PET transfer base film with 12 μm PET.Through optimized coating and embossing

and staged validation from pilot to mass

production the project replaced 300000

meters of base film and reduced CO2

emissions by about 3 tons.42 Zijiang Enterprise 2025 Sustainability Report

43

Recycle

Case ZIRI Packaging: Reuse of plastic turnover boxes

Zijiang Enterprise continues to improve material-use efficiency through closed-loop production management.Guangdong ZIRI uses plastic turnover boxes to deliver materials to production lines reducing By recovering and reusing plastic scraps and other offcuts the Company reduces reliance on virgin resources

discarded cartons and liner bags. Semi-finished products are transferred on reusable plastic pallets and better controls waste generation. In recycled PET applications recovered plastics are converted into recycled

reducing wood-board loss and contamination risk from wooden boards. materials that meet quality and stability requirements and are then reintroduced into production making the

“recovery-regeneration-reapplication” path more controllable and scalable.Case Crown Caps & Labels Business Unit: rPETG labels and cPETG recyclable labels

The Company applies rPETG shrink labels containing recycled PET. While maintaining performance similar

to conventional PETG labels the material includes more than 30% post-consumer recycled PET reducing

virgin plastic use. Annual use of recycled PET raw material exceeds 200 tons.The Company also promotes cPETG recyclable shrink labels which can be recycled together with PET

bottles improving overall packaging recyclability. Annual use exceeds 16 tons.Case ZJMP: Reuse of production auxiliaries Case ZJMP: Reusable film recycling project

ZJMP reuses 3-inch paper cores internally instead of buying new ones. Recovered cores are processed ZJMP established a reuse process for PET release base film generated during production reapplying stripped

through trimming dust removal and sorting to ensure reuse quality and efficiency. During the PET base film in regular production. Through closed-loop management cumulative regenerated film volume

reporting period more than 4700 paper cores were recovered and reused. reached 5.7 million m2.Case Zihua Technology: 100% recycling and reuse of cast breathable-film edge trim

Zihua Technology optimized slitting and unwinding processes so edge trim can be collected

online and reused in production achieving 100% reuse of trim material and reducing trim loss by

about 4%.Case Zihua Technology: Closed-loop solvent recovery and reuse

Zihua Technology applies waste-solvent distillation and regeneration to build a closed-loop

“generation-recovery-reuse” system. In 2025 the waste-solvent recovery rate reached 90% improving

resource reuse while reducing hazardous-waste disposal costs and solvent procurement needs.44 Zijiang Enterprise 2025 Sustainability Report

45

New Materials

Case Case

Zijiang Enterprise introduces lower-impact new materials in practical application scenarios. Focusing on areas such

as soybean-oil ink and bio-based materials the Company continues R&D-led exploration to expand sustainable Zijiang Color Printing: Expanded ZJMP: Plastic-free high-barrier food

packaging options while balancing performance compatibility and sustainability. application of all-polyolefin structures packaging materials

The Company expanded the application ZJMP developed and applied plastic-free

of all-polyolefin structures and two high-barrier food packaging materials

Case Paper Packaging Business Unit: Coated paper bags replacing non-woven bags products obtained design evaluation for based mainly on paper and directly

easy recycling and regeneration of plastic recyclable through existing papermaking

products. processes. The product’s overall carbon

Zidan Food independently developed coated paper bags using environmentally friendly coatings and

kraft paper. The bags offer strength close to non-woven bags are repulpable and degradable and can Dishwasher-tablet pouches and laundry-

footprint fell by about 55% and it is

effectively reduce environmental burden. pod pouches supplied to multinational

expected to reduce annual use of plastic by

consumer-goods customers in Europe about 120 tons and aluminum foil by about

use mono-material laminates improving 40 tons.recycling value and secondary-use

potential while meeting packaging

performance requirements.Case Shandong NewOpt: Alkali-resistant water-soluble film

To meet customer demand for improved alkaline performance in dishwasher and laundry pods the

Company developed alkali-resistant film with good water solubility and aging resistance in alkaline

environments. The product has already been exported in volume to overseas markets.46 Zijiang Enterprise 2025 Sustainability Report

47

Journey with Community

48 Industry Development

51 Community Engagement Building on prudent operations Zijiang Enterprise continues exploring pathways for shared value creation

with society. Through industry collaboration community engagement and philanthropy the Company

connects its capabilities with social needs and extends the value of its development to a broader social

53 Philanthropy context.

ESG Strategic Targets

Reach 10000 cumulative employee volunteer hours by 2030

Establish a public-interest project evaluation mechanism to

shift from donation-based support to impact-driven value

creation

Strengthen integration between Shanghai Zijiang

Foundation and the business to support broader industry

ecosystem development48 Zijiang Enterprise 2025 Sustainability Report

49

Industry Development Case SJTU SAIF–Zijiang Lecture Series: New Materials and Sustainable Futures

Company executives took part in the SJTU SAIF–Zijiang Lecture Series under the theme New Materials

Zijiang Enterprise contributes to industry development through standards research industry exchange and Forging a Sustainable Future. Together with industry experts they shared frontline insights on new-

industry-academia-research collaboration. By sharing practical experience in technology product application and material development industrial opportunities and challenges contributing to knowledge exchange

operations with industry organizations customers and research institutions the Company helps build consensus and technical collaboration across the industry.and strengthen capabilities on key issues such as safety quality and sustainability.Business Unit /

Standard No. Standard Title

Subsidiary

Shanghai Ziquan

20240305-T-607 General Technical Requirements for PETG Film

Label

Shanghai Ziquan General Quality Requirements for Ring-Pull Caps for

20241946-T-607

Packaging Beer and Beverages

Case Carbon Talk: "Path to Net Zero" Forum

Graphic Technology — Process Control for the

Shanghai Zidan Food GB/T 17934.6-2025 Production of Halftone Colour Separations Proofs As a participant in the value chain Zijiang Enterprise attended the launch of a strategic customer’s

and Prints — Part 6: Flexographic Printing climate action white paper. The General Manager joined the Carbon Talk: Path to Net Zero forum and

discussed green practices across the value chain from farm to table.Anhui Zijiang Tamper Verification Features for Pharmaceutical

GB/T 45453-2025

Composite Packaging

Uniaxially Oriented Co-Extruded Polyethylene Film

Zijiang Color Printing T/CPF 0095-2025

for Packaging

Mono-Material Uniaxially Oriented Polyethylene

Zijiang Color Printing T/CPF 0096-2025

Laminated Film and Pouches for Packaging50 Zijiang Enterprise 2025 Sustainability Report

51

Case SJTU SAIF–Zijiang Lecture Series at the China International Import Expo Case Zidong Nylon: Local substitution R&D in cooperation with a chemical group

The Deputy General Manager and Board Secretary joined a roundtable on Corporate Strategies and Zidong Nylon worked with relevant business units of a leading global chemical group on a

Practices in Responding to International Carbon Constraints sharing views on business response and localization R&D project for additives. The project has completed multiple rounds of testing and

decarbonization practice under evolving global carbon requirements. delivered phased progress in exploring local application of related materials in film products.Community Engagement

Zijiang Enterprise values the link between business development the community environment and social

responsibility. Based on local operating realities the Company continues community programs and volunteer

activities encouraging employees to participate in environmental protection and community service and supporting

local environmental improvement and sustainable development.Case Future Teacher Impact Program for Rural Education

Case Crown Caps & Labels Business Unit: Participation in drafting a ring-pull-cap

industry standard In partnership with Shanghai Zijiang Foundation and leveraging university resources the Company

launched the Future Teacher Impact Program to support rural education and youth development. In

Working with the National Technical Committee for Standardization of Food Contact Materials and the summer of 2025 multiple teams carried out activities across several provinces and cities providing

Articles the business unit participated in drafting the General Quality Requirements for Ring-Pull Caps diverse educational support through community innovation courses student summer camps cloud-

for Beer and Beverages carrying out technical research on quality requirements for top-pull and side- based classes and cultural outreach.pull ring caps. The program introduced social-emotional learning tracking and mentor guidance supporting rural

education while strengthening participants’ teaching practice and overall capabilities. Through

dedicated scholarships and role-model outreach it also encouraged greater youth participation and

expanded program impact. Integrated with the Future Teacher training framework the program

further promoted themed practice activities and teaching competitions focused on adolescent mental

Case Zijiang Color Printing: Industry exchange to promote sustainable packaging health and social-emotional development building a long-term mechanism that links public-interest

consensus action with education development and provides sustained talent and educational support for rural

Zijiang Color Printing participated in revitalization.exchanges organized by the China

Packaging Federation the Plastics

Industry Association and Guangdong

Packaging Association discussing circular Case “Finding the Great You” Rural Children Growth Program

economy food packaging safety and low-

carbon development while integrating Working with the Shanghai Zijiang Foundation and social organizations Zijiang Enterprise carried out

these concepts into products and the Finding the Great You program for rural children in places including Yuxi Yunnan. The program

solutions. helped urban and rural children improve expression and social awareness through real interaction.Volunteer participation learning-equipment donations and continued support also helped improve

local learning conditions and children’s confidence.52 Zijiang Enterprise 2025 Sustainability Report

53

Case Container Packaging Business Unit: Planting trees for a greener community Philanthropy

Luohe Zijiang joined a Tree-Planting Day public-welfare activity organized by Swire Coca-Cola. Guided by the belief that what comes from society should return Key Metric

Employees carried out tree planting and litter clean-up around the site contributing to local to society Zijiang Enterprise treats public welfare and philanthropy

environmental improvement through hands-on community action. as an important part of sustainable development. Working closely

with the Shanghai Zijiang Foundation the Company systematically Zijiang Enterprise charitable donations:

carries out projects in community care youth development rural

revitalization and post-disaster relief sharing development RMB 3.09 million

outcomes with society and fulfilling its responsibilities as a

corporate citizen.Case “New Green Youth Talent Development Program”

Together with the Shanghai Zijiang Foundation and the Zizhu High-Tech Zone Zijiang Enterprise

participated in the New Green Youth Talent Development Program. The program provided green-career

training and practical opportunities to 46 university students helping strengthen professional skills

and cultivate talent for green industries.Case Case

Paper Packaging Business Unit: “Little Orange Lamp” Zijiang Int'l Trade: Bottle Recycling

Public Reading Program Initiative for Urban Greening Case Case

The business unit joined the Little Orange Lamp Zijiang International Trade launched

reading initiative organized by the Zizhu Youth League a bottle recycling initiative by placing Huajiao Village infrastructure Earthquake relief for Dingri County

Committee. Volunteers regularly read picture books collection bins in office areas and restoration for rural revitalization Tibet

to primary-school students at a school for migrant using the proceeds to sponsor trees

workers’ children supporting reading habits and in Shanghai Gongqing Forest Park. Zijiang Enterprise supported infrastructure After the earthquake in Dingri County

learning development through sustained reading Under the theme Finish the Last improvement in Huajiao Village Yunnan. Shigatse Tibet Zijiang Enterprise and the

companionship. Drop Leave Green for the Earth the The project completed about 1000 m Shanghai Zijiang Foundation made an

initiative turned everyday recycling of drainage-ditch repair about 50 cu immediate donation to support emergency

into practical urban greening action. m of concrete pouring about 150 m of rescue temporary settlement and post-

reinforced cover slabs about 20 m of gravel disaster recovery and reconstruction.bedding (4 cu m) and about 10 cu m of Coordinated through the Shanghai

backfilling effectively improving drainage Office for Cooperation and Exchange

conditions and infrastructure stability in the the donation helped ensure efficient and

village. transparent use of funds in support of

affected communities.54 Zijiang Enterprise 2025 Sustainability Report

55

Integrated Resource Efficiency Environmental management and resource efficiency are essential to Zijiang Enterprise’s prudent operations.The Company advances both environmental risk control and efficient resource use by strengthening

management systems optimizing pollution control and improving resource-use practices across operations

supporting a more intensive efficient and sustainable operating model.Key Metrics

56 Environmental Management Companies with ISO 14001 certification: 22

61 Resource Efficiency National Green Factories: 4

Shanghai Zijiang Enterprise Group Co. Ltd. Guilin Ziquan Beverage Industry Co. Ltd.Shanghai Ziquan Beverage Industry Co. Ltd. Anhui Zijiang Metallization Environmental Protection

Material Co. Ltd.Provincial Green Factories: 9

Shenyang Zijiang Packaging Co. Ltd. Shenyang Ziquan Beverage Industry Co. Ltd. Shanghai Zijiang Color Printing Co. Ltd.Hubei Zidan Packaging Technology Co. Ltd. Yichang Ziquan Beverage Industry Co. Ltd. Shenyang ZIRI Packaging Co. Ltd.Nanjing Zile Beverage Industry Co. Ltd. Shaanxi Ziquan Beverage Industry Co. Ltd. Shanghai ZIRI Packaging Co. Ltd.ESG Strategic Targets

Reduce water consumption per unit of output by 10% by 2030 compared with 2025

Achieve an 85% recycling rate for production waste by 2030

Increase the utilization rate of raw materials per unit of output by 5% by 203056 Zijiang Enterprise 2025 Sustainability Report

57

Environmental Management Management of Air Water and Waste

Air Emissions Management

Through the Zijiang Enterprise EHS Management Manual and the Zijiang EHS Management Evaluation System

the Company has clarified management requirements standardized evaluation criteria and strengthened Zijiang Enterprise continues to improve the management of air emissions through a combination of source control

process oversight continuously improving the consistency and effectiveness of environmental management. and end-of-pipe treatment. Through standardized operations and equipment maintenance the Company ensures

stable compliance and continues to reduce emissions through process optimization and technology upgrades.Headquarters is responsible for overall system design and continuous improvement identifying key environmental

management priorities for each business unit based on regulatory requirements and industry practice and Case Case

providing management guidance and tools. Through a unified evaluation mechanism headquarters regularly

reviews environmental performance across subsidiaries to ensure consistent implementation.Crown Caps & Labels Business Unit: UV Zijiang Color Printing: Source

Environmental Risk Identification varnish process substitution substitution for VOCs reduction

Under group-wide requirements subsidiaries establish environmental management mechanisms tailored to Traditional solvent-based varnish was Low-VOCs inks replaced high-VOCs inks to

their own operations and assign responsibilities to specific roles and day-to-day activities. Through internal replaced with UV varnish reducing both reduce pollutant generation at source. In

audits risk assessments compliance checks and performance review environmental execution is continuously high-temperature curing and solvent use. 2025 older VOCs treatment facilities were

monitored and reinforced. During the reporting period neither Zijiang Enterprise nor its subsidiaries recorded The upgrade cut energy use and reduced also upgraded with new zeolite wheels

any environmental violations. VOC generation by about 96.4 tons to improve adsorption and desorption annually. efficiency.Environmental Risk Identification and Each unit regularly checks emissions equipment operation hazardous substances and

Assessment key processes assessing risk likelihood and impact to define priorities and controls.Case Zihua Technology: RTO upgrade for stronger exhaust treatment

Risk Prevention and Process Control Environmental risk controls are embedded into production and on-site management

with improved procedures equipment maintenance and process controls reducing

risk likelihood. A new-generation RTO system

was installed to upgrade the

Monitoring Supervision and Continuous original exhaust treatment Through internal audits daily supervision and management reviews risk-control

Improvement performance is tracked and measures are continuously optimized. system increasing treatment

capacity by about 1.5 times.Environmental Emergency Management

Zijiang Enterprise has established an environmental emergency response system covering prevention response

and follow-up improvement. Emergency plans for potential environmental incidents are continuously refined

with response procedures and responsibilities clearly defined to ensure rapid and effective action.The Company also conducts regular drills and cross-factory inspections to test preparedness and improve

coordination reducing potential operational and environmental impacts.Case Beverage OEM Business Unit: Hazardous chemical spill drill

Nanjing Zile conducted a Case ZJMP: Water-based coatings to reduce VOCs

dedicated emergency drill for

a nitric acid leak improving

response efficiency and Water-based coatings replaced traditional solvent-based coatings in production. Treatment efficiency

strengthening compliance remained above 99%. During the reporting period about 50 tons of water-based coatings were used

awareness across departments.reducing VOC emissions by over 20 tons.58 Zijiang Enterprise 2025 Sustainability Report

59

Wastewater Management

Case ZJMP: “Zero-Waste Factory” practice

Production and domestic wastewater are collected separately and treated in a standardized manner. Zijiang

Enterprise ensures compliant discharge while improving the stability and efficiency of wastewater treatment

Anhui ZJMP systematically advanced zero-waste-factory practices. As a result hazardous waste at

systems.source was reduced by about 41% and the resource utilization rate of solid waste increased to 21%.Optimize processes and water-use structures to reduce high-water-use

Source Reduction

and pollution-prone operations.Case ZIRI Packaging: Hydraulic oil filtration and reuse to reduce waste oil

Strengthen circulating water management improve recirculation

Process Control and recover condensate to reduce freshwater use and wastewater Guangdong ZIRI introduced a hydraulic oil

generation.filtration unit to recycle used oil from 48-cavity

equipment. The measure reduces new oil input

Treat wastewater by type ensure compliant production wastewater by about 840 liters per year and lowers waste oil

End-of-Pipe Treatment discharge and connect domestic wastewater to industrial park

discharge.or municipal systems.Solid Waste Management

Zijiang Enterprise has established a solid waste management system. The Company strengthens the management

of both general and hazardous waste while continuing to promote waste reduction and recycling under compliant

disposal practices.Case

Key Metrics

Zidong Nylon: Precise hazardous-waste Zihua Technology: Upgraded hazardous-

Three-Star Zero Waste to Landfill Management System Certification management waste containers

Shanghai Ziquan Beverage Industry Co. Ltd. Nanjing Zile Beverage Industry Co. Ltd. A full-lifecycle traceability ledger was Iron pails previously used in printing were

established for hazardous waste covering replaced with reusable IBC containers reducing

generation classification collection hazardous-waste disposal volume by about

transfer transport and final disposal. 35% through more standardized and recyclable

Case The Company also adopted a one-item-one-

packaging containers.Zijiang Color Printing: Reduced waste adhesive and standardized disposal

code model assigning a unique QR code to

each batch or category of hazardous waste

The Anhui composite plant introduced explosion- and linking it to data such as source storage

proof cold storage for residual adhesive to location and handling requirements

reduce spoilage. During the reporting period enabling more precise and digitalized

only 18.6 kg of waste adhesive was declared for storage management.disposal down about 96% from 451.81 kg in

2024.60 Zijiang Enterprise 2025 Sustainability Report

61

Noise Management Resource Efficiency

Zijiang Enterprise continues to reduce the environmental impact of operational noise through a combination of

source control operating optimization and facility upgrades.Zijiang Enterprise continues to improve the refined management of water raw materials and auxiliary resources

Case Beverage OEM (Shenyang plant): Noise control and environmental impact

reduction across the full use cycle. By optimizing processes strengthening process control and improving circular use the

Company reduces resource intensity and promotes a more intensive and efficient operating model.* Source control: The high-noise water-tower * Results: After the upgrade daytime noise was

equipment near residential areas was shut controlled below 55 dB and nighttime noise Water Resource Utilization

down and silencers were added to cooling below 50 dB well better than the applicable Water management is advanced in line with process needs and regional water conditions. Through optimized

fans outside the power room. standard. water-use structures higher recirculation rates and stronger process control Zijiang Enterprise reduces water

intensity per unit of output and improves overall water-use efficiency.* Operating optimization: Variable-frequency

drives were added to air compressors to Case Container Packaging Business Unit: Cooling-system upgrade for water efficiency

reduce frequent starts and stops and lower

noise during operation.The original open cooling system was upgraded to a closed-loop

* Facility upgrades: Sound insulation was added recirculation model with optimized cooling-water operation. The

to cooling towers including soundproof upgrade improved cooling-water efficiency while reducing both

panels and improved enclosure sealing. water consumption and wastewater discharge.Case Zijiang Color Printing: RTO fan noise control retrofit

At the Anhui composite plant localized protection and soundproofing were added to the incineration- Case Beverage OEM Business Unit: Multi-point water-efficiency improvements

unit fan reducing noise to below 60 dB.Tiered water-use management was introduced in the hot-fill bottle-rinsing process saving about

26726 tons of water annually. Self-cleaning filters were also installed saving about 2494 tons

of water per system each year. In addition backwash-water recovery improved production-water

recirculation saving about 1247 tons per system annually.Case Case

Zijiang Color Printing: Variable-frequency ZIRI Packaging: Condensate recovery

retrofit for process-water systems and reuse

Variable-frequency drives were installed Guangdong ZIRI recovers condensate

on process-water pumps to match pump from air-conditioning systems and reuses

speed flow and head more precisely with it in production and auxiliary water-use

process needs reducing throttling losses processes reducing freshwater demand.and improving both water-use efficiency The measure saves about 120 tons of

and system stability. water annually.62 Zijiang Enterprise 2025 Sustainability Report

63

Advanced Manufacturing

64 Product Quality Through product quality management R&D and lean manufacturing Zijiang Enterprise continues to build stable scalable and sustainable manufacturing capability to support the delivery of innovative packaging

solutions. Advanced manufacturing is not only about efficiency but also about quality consistency technical

65 R&D and Innovation replicability and operational resilience.

67 Customer Collaboration

ESG Strategic Targets

73 Lean Operations

Achieve real-time collection of key production data across

70% of production lines by 2030

Increase the amount of recognition and incentive awards

for technological innovation by 20% over 2025

levels by 203064 Zijiang Enterprise 2025 Sustainability Report

65

Product Quality Case Beverage OEM Business Unit: Error-proofing system for ingredient dosing

A barcode-based material identification system was introduced to improve material accuracy and full-

By continuously strengthening management systems improving production processes and advancing lean process traceability across warehousing weighing and feeding. Automated verification color alerts

manufacturing Zijiang Enterprise continues to enhance product performance and delivery reliability while aligning and audio-visual alarms help reduce manual errors and support standardized formula execution.quality management with sustainable development.Quality Management System

Zijiang Enterprise has established a product quality management system covering raw materials manufacturing

processes and delivery outcomes. Through a unified quality framework and key control requirements the Company

improves process consistency strengthens control over critical processes enhances quality-data tracking and

closes the loop on quality issues to reduce production variability.The Company also continues to digitalize and smarten quality management. By embedding quality control

requirements into design procurement production inspection and delivery and by enabling real-time collection of

critical parameters and closed-loop process monitoring Zijiang Enterprise improves accuracy and responsiveness

reduces defect risk and enhances product consistency and delivery reliability. ZIRI Packaging: Four-site integrated quality management

ZIRI Packaging advanced a quality integration plan

across four sites under the principles of resource

Case Container Packaging Business Unit: Quality culture and capability building integration information sharing unified systems

and regional collaboration. Standardized quality

Quality culture campaigns were launched workflows and themed quality-culture activities

across East and Central China. The initiatives were rolled out simultaneously across the four

strengthened quality awareness and problem- factories.solving capability across both management

teams and frontline employees.R&D and Zijiang Enterprise takes technology innovation as a key growth driver. Through industry-academia-research collaboration expert workstations and multiple

Paper Packaging Business Unit: Automation upgrades to strengthen manufacturing capability Innovation innovation platforms the Company accelerates the industrial application of R&D outcomes. Continuous innovation has supported better product-

Hubei Zidan Food introduced a fully automated tissue production line and carried out a systematic upgrade market fit higher production efficiency and improved raw-material use.of traditional packaging processes. By replacing manual operations with automated equipment the business

achieved more continuous and standardized packaging processes reducing manual intervention while Key Metrics

improving operational stability and consistency. Through standardized control and automated operation

Hubei Zidan Food effectively reduced human error and strengthened finished-product quality assurance. R&D investment: Total granted patents:

RMB 344 million 1502

New patents granted in 2025: Total invention patents granted:

142150

New invention patents granted in 2025: Total national high-tech enterprise

13 certifications obtained: 2766 Zijiang Enterprise 2025 Sustainability Report

67

Strengthening Technology R&D Customer Collaboration

Zijiang Enterprise continues to increase R&D investment to enhance advanced manufacturing capability through

product development and process innovation. Focusing on packaging materials structural design and process

optimization the Company keeps upgrading products and technologies to improve performance efficiency and Zijiang Enterprise treats customer needs as a key input for both R&D and manufacturing innovation. By staying

application adaptability. close to application scenarios and user feedback the Company continues to improve products and services.Recognition from customers validated Zijiang’s capabilities in product performance and service reliability.Case Container Packaging Business Unit: Preform design optimization Key Metric

By redesigning the preform structure the weight of a 900 ml tea-drink preform was reduced from 50

g to 48 g. Mold-component upgrades shortened development time by about 50% and reduced mold Subsidiary CSR audits passed by customers: 26

investment to about 25% of a full cold-half mold set.Case Container Packaging Business Unit: Co-developing customized bottle solutions Case Case

with customersContainer Packaging Business Unit: Expanding “packagingNew developments included a 1.0 L condiment bottle without handle a 1.33 L rear-handle bottle and Packaging Innovation Day ESG sharing manufacturing services” for strategic customers

a 666 ml hot-fill tea bottle. By combining bottle-structure design with existing mold resources the

The General Manager and Deputy Leveraging its self-developed intelligent management

business unit accelerated validation and shortened product launch cycles.General Manager / Board Secretary platform and specialized teams the business unit has

attended a 2025 Packaging Innovation continued to earn the operational trust of strategic

Day sharing Zijiang’s latest sustainable customers. It has secured long-term outsourced operation

Case Case packaging solutions including of preform centers for multiple bottling plants of COFCO

lightweight bottle-cap and neck design Coca-Cola and Swire Coca-Cola as well as supporting

Beverage OEM Business Unit: Formula innovation Zijiang Color Printing: preform and bottle-modeling analysis cooperation for several additional preform centers.for plant-based and functional drinks Patent commercialization to and environmental-benefit labeling. This further validates Zijiang Enterprise’s large-scale

support innovation

The business unit continued formula and processing manufacturing capability operational stability and quality Several utility-model patents

R&D. It developed six naturally flavored coix-seed water assurance system in the PET preform business while including a method for improving

products by identifying and suppressing volatile off- elevating its level of collaboration with strategic customers.ink filtration a slitting-knife device

notes and also developed a low-allergen refreshing and slitting machine and a film

dairy drink after screening low-sensitivity strains and tensile-strength test fixture have

filing one invention patent. Casebeen applied in production. Other Crown Caps & Labels Business Unit: Supplier conference collaboration with customers

Process adjustments also extended stable production patented solutions have entered

from 24h to 72h improving product appearance. pilot-scale trials for new products. Shanghai Ziquan Packaging hosted a supplier

strategic alliance semiannual meeting for ABInBev under the theme “Win-Win CooperationCase Ziyan Alloy: Precision-alloy product R&D and industrial application Shared Future.” The meeting reviewed seven

years of alliance discussed practices such as

Ziyan Alloy continued R&D and innovation in precision-alloy products. In 2025 the Company promoted precision manufacturing and one-factory-one-

the development of several products for medical and industrial equipment and expanded into new strategy and included a plant visit to review the

customers and application areas. application of VPO tools.68 Zijiang Enterprise 2025 Sustainability Report

69

Case ZIRI Packaging: Integrating into customer technical systems

Customer Recognition Awards

As a core cap supplier Shenyang ZIRI joined supplier technical workshops and specialized training

organized by strategic customers. Through deeper integration with customer technical systems it

strengthened responsiveness to customer quality requirements and end-use applications.Container Packaging Business Unit

Danone China COFCO Coca-Cola

Best Collaboration 2025 Best Contractor

2025 Innovation Award Award for Line 2622 Award

Upgrade

Swire Coca-Cola

Zhengzhou New Hope Qinpai Dairy Yili Group

2025 Outstanding 2025 Outstanding Global Supply Chain Low-

Supplier Award Partner Award Carbon Pioneer Award

Classy·Kiss Coca-Cola

Case Paper Packaging Business Unit: Long-term strategic collaboration with an

international restaurant chain Quality Gatekeeper 2024 ESG Social

Award Impact Award

The business unit has maintained more than 26 years of stable cooperation with an international

restaurant chain group. Paper Packaging Business Unit continues to respond to customer needs in BEE & FLOWER

innovation efficiency and supply coordination.Partner Award

Case Zijiang Color Printing: Deeper collaboration on quality and new projects with a

leading pet-health nutrition brand

Zijiang Color Printing visited

the customer’s Korea plant Paper Packaging Business Unit

to review cooperation

results and discuss quality McDonald’s

performance and new-

project planning with 2025 TMS APAC Outstanding

plans to further strengthen Supplier Award

supporting capacity and 1. Total Management System (TMS): McDonald’s

customer support. 2024 TMS APAC Supply Chain supplier assessment system evaluating performance

Transformation Support Award in quality safety supply

chain management and

operations.70 Zijiang Enterprise 2025 Sustainability Report

71

Paper Packaging Business Unit Beverage OEM Business Unit

By-health Dewu Fujian Shengji Food

Danone & Beverage Co. Ltd.

2024 Innovation-Empowered Supply Excellence in Quality Award

Chain Award 2025 Best Blow-

2025 Silver Award for

Fill Equipment 2025 Outstanding

Energy Management OEM Partner Award

Dewu Yum China Management Award

Pioneering Innovation Award Outstanding Supply Chain Award

Domino’s China McDonald’s China

2024 Outstanding Supplier Award Digital Innovation Award

McDonald’s China Yihe Tang

Grade-A Quality Supplier Award Outstanding Partner Award

Zijiang Color Printing

Nestlé Weikang Probiotics

Crown Caps & Labels Business Unit

2025 Sustainable 2025 Packaging Safety 2025 Outstanding

AB InBev Packaging Award and Compliance Award Supplier Award

Green Supplier Recognition

Genki Forest

2025 Innovation Contribution Award

Xiangjin Health Beverage Nielsen CR Sanjiu Dong-E-E-Jiao

2025 Outstanding Supplier Award 2025 IQ BASES New 2024 Preferred Supplier Award 2024 Outstanding Supplier Award

Product Trendsetter Award72 Zijiang Enterprise 2025 Sustainability Report

73

ZIRI Packaging Lean Operations

Eastroc Beverage Classy·Kiss

Across a multi-business-unit multi-site manufacturing network Zijiang Enterprise systematically advances lean

Outstanding Quality Gatekeeper operations with the core goal of improving all-time OEE and operating efficiency. Lean management serves

Contribution Award Award as the methodology while digital management provides essential support bringing production planning

equipment operation and coordinated management into one unified framework to improve resource allocation

and strengthen manufacturing resilience.Zihua Technology

Winner Medical

Lean Digital

2025 Best Delivery Award at Winner Group Supply Management Management

Chain Ecosystem Sustainability Conference

Ziyan Alloy

Shenzhen Edan Lean Management

Edan 30th Anniversary The Company takes all-time OEE as a key lever for lean management. By using planning to optimize production

Outstanding Quality Award organization and by strengthening coordination across production lines and factories Zijiang Enterprise continues

improving equipment utilization and capacity matching to release the potential of large-scale manufacturing.Key Metrics

Zidong Nylon

Lean projects submitted: QCC projects:

HOA QUANG HANH CHUNG Trading &

Technology Co. Ltd. Service Co. Ltd. 3342 303

Outstanding Partner Recognition Outstanding Supplier Certification Estimated financial benefits in the year: Improvement proposals:

RMB 91.48 million 1025

Six Sigma projects: Rationalization proposals:

18 199674 Zijiang Enterprise 2025 Sustainability Report

75

All subsidiaries are advancing digital operations systems using real-time production data to continuously enhance

Case Paper Packaging Business Unit: Order-driven improvement in all-time OEE efficiency quality and energy performance.The business unit used stronger order-taking capability as the entry point for improving all-time OEE

and shifting production from intermittent operation to steadier running. Key Metrics

* Order-driven capacity release: Broader multi-SKU order acceptance supported more continuous

production and better use of equipment and labor. National-level smart factories: Provincial / municipal-level smart factories:

* Sales-production coordination: Optimized scheduling and coordination reduced waiting and 1 3

downtime and stabilized operating rhythm.* Positive OEE cycle: Continued improvement in all-time OEE supported higher production

efficiency more stable quality and better operating performance.Case ZIRI Packaging: Planning-led all-time OEE improvement

Case Paper Packaging Business Unit: Deepening smart-manufacturing capability

By integrating four manufacturing bases into one

coordinated management framework ZIRI Packaging * Smart plate-roller library management system: QR-code scanning links roller-library management

explored a systematic path to all-time OEE improvement and with ERP/MES systems reducing version-mismatch risk and improving labor efficiency.improved equipment utilization and capacity matching.* One-click digital weighing system: Built on the self-developed ZDIMS system it captures

raw-material and product weighing data in real time and links them automatically to multiple

information systems.* Digital color management platform: A full-life-cycle digital color management platform for

Digital Management flexographic printing improves agile delivery and color consistency across sites and machines.* New ZDIMS functions: New modules for employee performance management and ink-path

To support lean operations with higher-quality data Zijiang Enterprise has built a unified digital operations management were added and deployed in new factories.platform. By defining data granularity according to management needs and integrating key operating data at

machine team or real-time machine level the Company enables centralized visualization of production. Automatic

collection and management of equipment and process parameters continue to create new room for efficiency

improvement and cost savings.Case Zijiang Color Printing: Digital factory and smart-manufacturing development

Efficiency-oriented digital Digitalization is closely aligned with the Company’s core strategy focusing

strategy on operating efficiency and human-machine collaboration to strengthen cost and delivery advantages. Digital foundations continued to strengthen around:

Unified operations platform A unified platform based on OEE and energy management strengthens group-

and centralized control level visibility of key operating indicators and cross-company coordination New ERP

upgrade IoT industrial Automated

MES / APS

Data-driven operating Management is shifting from experience-based judgment to data-driven and integrated connectivity warehousing

decisions decision-making in production organization quality control and resource

planning

business-finance infrastructure systems

allocation. management

Information security standards and data governance aligned with national

Secure digital foundation and international standards provide a secure system environment for digital

operations.76 Zijiang Enterprise 2025 Sustainability Report

77

Case Beverage OEM Business Unit: Accelerating industrial digital platforms Case Crown Caps & Labels Business Unit: Self-developed smart reporting system

After building earlier systems for energy use and all-time OEE data management the business A smart reporting system was developed for legacy equipment. Modules include:

unit independently developed APL data ports covering key equipment systems and built a full-line

industrial digital platform to improve quality and cost management. Functions include:

1. Self-developed APL data ports for major equipment

a base reporting module

based on real-time order-progress management

2. Digital error-proofing for feeding equipment status for shop-floor teams

3. Digital equipment management

4. Factory task management

downtime benchmarking order-level energy-use and

and analysis all-time OEE benchmarking

5. Critical process management

Case Container Packaging Business Unit: Digital benchmark factory development Case ZIRI Packaging: Digital cap-quality management system

In the Tianjin new-factory project the business unit applied digitalization and AI to optimize ZIRI Packaging built a digital quality management system to improve product quality. Key functions

production workflows. Key applications include: include:

1. CVS anomaly monitoring from cap forming printing coding slitting to boxing

123

Smart Material 4

High-Precision Digital Process 2. Real-time monitoring of key process parameters including online product temperature and boxing temperature

Transfer and Quality- Smart Financial

Automated Stacking Quality

Information Accounting

Logistics Management

Linkage Shanghai ZIRI Packaging was also included in the 2025 Shanghai Advanced-Level Smart Factory List.Built around AGV-based automated logistics the system

connects machine scheduling with production orders to enable

real-time data exchange and coordination between logistics

equipment and production processes. It supports on-demand

material ordering and just-in-time delivery effectively reducing

intermediate warehouse space requirements.78 Zijiang Enterprise 2025 Sustainability Report

79

Nurturing Workforce

Zijiang Enterprise regards employees as a core foundation for long-term development and competitiveness.

80 Employee Rights and Interests Guided by a people-centered approach the Company continues improving a fair and healthy workplace

while systematically advancing talent development and capability building aligning employee growth

with corporate strategy.

82 Career Development and Training

85 Compensation and Benefits

ESG Strategic Targets

90 Health and Safety

Achieve more than 25 hours of annual training

per employee by 2030

Maintain zero serious safety accidents through 2030

Advance a dual career-path development system

to provide all employees with clear diversified and

sustainable growth pathways80 Zijiang Enterprise 2025 Sustainability Report

81

Employee Rights and Interests Employee Communication

Zijiang Enterprise values employee communication and consultation. Trade union structures have been established

across operating locations to protect employees’ lawful participation in democratic management and the expression

Zijiang Enterprise strictly complies with labor laws and regulations in all operating countries and continuously of concerns. Based on different business-unit characteristics and employment scenarios the Company continues

standardizes labor management to protect employee rights and interests. enriching communication channels and encourages employees to share feedback and suggestions through

In daily labor management the Company fully implements internal policies such as the Human Resources multiple avenues while fostering an open and trust-based communication climate.Management Manual and the Headquarters Employee Handbook. Zijiang Enterprise does not discriminate on Reasonable Zijiang Employee

the basis of gender nationality ethnicity or religion firmly prohibits child labor and all forms of forced labor and Suggestion Box Union ActivitiesSuggestions Report

continues to foster a safe fair and respectful workplace.Employee Engagement Regular

Employee Forums Online Channels

Survey Communication

Key Metrics Case “Together All the Way” Long-Service Recognition ProgramZijiang Enterprise launched the “Together AllWorkforce Overview the Way” long-service recognition program to

honor employees in management positions who

Total employees have completed 10 20 or 30 years of service

6882 recognizing their long-term contribution and reinforcing organizational identity and cultural

continuity. Different commemorative gifts were

Female senior executives in Employees with disabilities Labor contract coverage presented for different service milestones:

subsidiaries 30 100% Blooming Sunflowers for 10 years A Thousand 18.33% Miles of Rivers and Mountains desk screen for 20 years and National Deer for 30 years.By linking employee development with corporate

Gender Structure Age Structure growth the Company continues to strengthen

employees’ sense of belonging and honor and

Female employee Age 30 and below Age 51 and above build a stable professional workforce committed

1918 788 1143 to long-term contribution.

Employee Engagement Survey

To better understand employee experience and management feedback Zijiang Enterprise has established and

continued an employee engagement survey mechanism as a regular tool for communication and feedback. Each

year the Company conducts questionnaire-based surveys while also collecting open-ended suggestions.Key Metrics

Male employees Age 31–40 Age 41–50

4964 2477 2474 During the reporting period 6143 employees participated representing

89.26% of all employees with an average engagement score of 94.6782 Zijiang Enterprise 2025 Sustainability Report

83

Career Development and Training Each business unit designs diversified development paths for employees at different career stages according to its own business characteristics systematically supporting both employee growth and organizational capability building.Integration and Through structured onboarding including orientation training and mentor support Employee Promotion Adaptation employees are helped to quickly understand the Company’s culture and role requirements enabling a smooth role transition and team integration.Zijiang Enterprise follows the principles of appointing people based on merit capability and performance and

continues to build a promotion system oriented toward ability and results. The Company provides employees Through continuous skill development and practical training such as role-specific training

with clearer and more predictable career pathways while aligning promotion with actual capability growth and Role Competence and skill certification employees are supported in building competence in their roles and

ensuring operational professionalism and reliability.business needs.In promotion management the Company focuses on professional capability work performance and actual Building on role requirements employees are further supported in developing comprehensive

contribution. It continues refining the performance evaluation system to help employees clarify goals and improve Capability capabilities including advanced training and management/collaboration skills with

performance. Evaluation results are used to assess development potential and job fit providing an important Deepening greater emphasis on communication teamwork and office software applications to enhance their ability to handle diverse work scenarios.basis for job adjustment and promotion.Experience Through internal sharing mentor guidance and training-system development such

Sharing as trainer development and experience-exchange activities business experience and Employee Training professional knowledge are promoted across the organization.Zijiang Enterprise has built a systematic talent-empowerment system. The Company continues upgrading employee

learning and development mechanisms and sets differentiated development paths for different scenarios so Development Employees are supported in pursuing diversified learning opportunities including academic advancement professional title applications and external training such as school-enterprise

that employee capability growth supports stronger organizational efficiency. Expansion cooperation programs helping them broaden their career development pathways.Development Goal Implementation Approach

Key Metrics

Provide management Cumulative enrollment at Talent-pipeline training Talent-pipeline training

Establish a structured management and leadership development

Talent Pipeline training for senior key talent Shanghai Open University programs launched participants

pathway combining practical application with ongoing follow-up to

Development for and continue strengthening

translate capabilities into business practice and support long-term 700 10

Sustainable Operations management and leadership 897

stable operations.capabilities. Total training hours Average training hours per employee

156608.1522.76

Enhance capabilities of

Targeted Empowerment operations management

Combine operations management methods tools and practices with

Based on Strategic and professional staff in

project execution knowledge sharing and performance improvement

Assessments at Different line with business priorities

to continuously enhance operational efficiency and execution.Stages at different development Case Deepening university-enterprise cooperation to build a learning organization

stages.Support key frontline Zijiang Enterprise has established a long-term cooperation mechanism with Shanghai Open

employees in strengthening University to support employee academic advancement and capability development. In 2025 the

Work with external education resources based on role-development th

Capability Enhancement their professional foundation 10 anniversary of the joint program and the new-semester opening ceremony marked a further

needs to build a stable sustainable capability development system

for Frontline Employees through academic deepening of this collaborative talent-development model. By 2025 the program had supported

enhancing role attractiveness and workforce stability.advancement and improved multiple cohorts of employees in continuing education and helped cultivate compound talent with

learning capabilities. both professional knowledge and practical experience.84 Zijiang Enterprise 2025 Sustainability Report

85

Case Container Packaging Business Unit: Empowering engineering and technical talent Compensation and Benefits

The business unit established the Huachuang Studio in the Central China region to focus on improving

the capability and knowledge accumulation of engineering equipment and technical personnel Compensation Overview

creating a regional platform for technical innovation and talent incubation. The studio supports the

formation of a technical talent pipeline for stable plant operations and efficiency improvement.Zijiang Enterprise has built a compensation system with industry competitiveness to support talent attraction

and long-term retention. Through scientific and fair performance evaluation employee performance and

contribution are connected with reward while the performance-pay linkage continues to be improved to

Case Case encourage stronger capability and results.Container Packaging Business Paper Packaging Business Unit: Strengthening the

Unit: AI efficiency training talent pipeline

In 2025 the business unit launched The business unit focused on key frontline production Based Salary Performance

a special AI efficiency training Bonusroles and developed machine-leader talent based on

program focused on smart office a competency model linking theoretical training with

work and productivity improvement. performance goals and daily assessment to convert high- Compensation

With both online and offline learning skill capability into production results. Structure

formats the program encouraged

employees to apply AI tools in daily

work. Daily attendance exceeded Project Bonus Year-End Bonus

100 and post-training surveys

showed that 92% of participants

believed the training could directly

improve work efficiency. Employee Benefits

On top of statutory benefits Zijiang Enterprise continues improving an institutionalized company-wide

Case Case employee welfare system based on business development needs and employee expectations. Stable and

sustainable benefit arrangements provide employees with basic living and health protection and support

Crown Caps & Labels Business Unit: Zijiang International Trade: Workplace long-term development for both employees and the Company.Building an internal trainer system communication training

The business unit established a systematic Zijiang International Trade organized workplace

employee-development mechanism centered communication training that combined Leave Policy Meal Benefits

on capability building and knowledge transfer. assessment tools with case sharing to help

Through internal-trainer development employees better understand differences

programs it has certified and cultivated between themselves and colleagues and improve Benefits

internal lecturers with professional teaching workplace communication and teamwork. Structure

capability and is gradually building factory Regular

trainer teams across multiple business areas. Holiday Health

Benefits

Checkups

Building on this system the Company uses employee activities as a carrier with ongoing attention to physical

well-being team interaction and workplace vitality.86 Zijiang Enterprise 2025 Sustainability Report

87

Case Zijiang Enterprise: First sports meeting Sichuan ZIRI Anhui Zijiang CompositeThe Company successfully held its first sports meeting under the theme “Rivers Converge at ZijiangGlory on the Field.” Eleven teams from across China took part. From preparation and training to

competition and teamwork the event demonstrated employees’ drive and collaboration while further

promoting the idea of healthy work and joyful living.Outdoor Team-Building Trip Employee Trip

Zidong Nylon Zihua Technology

Across business units Zijiang Enterprise also organized diverse activities to support employee well-being

communication and teamwork including:

Team-Building Activity Trip for All Employees

Container Packaging Business Unit Crown Caps & Labels Business Unit ZJMP Zijiang International Trade

Tug-of-War Competition 2nd Sports Meeting Running-Group Activity Coffee-Soap Workshop88 Zijiang Enterprise 2025 Sustainability Report

89

Employee Care

Case Case

Zijiang Enterprise regards employees and their families as long-term partners in corporate development. While

supporting employee career development the Company also pays attention to employees’ family roles and Zijiang Color Printing: Visits and support Zihua Technology: Support for employee

practical needs at different life stages. for employees in hardship families and special-period assistance

Through channels such as trade unions the company provides targeted assistance and visit arrangements to In January Zijiang Color Printing visited 11 Zihua Technology assisted 8 employees in

relieve temporary pressure on employees and their families and help employees maintain work stability. families of employees in hardship. It also applying for the Dream Fulfillment program

coordinated with group-level assistance for their children’s education and helped

programs covering 18 employees and 2 employees apply for hardship subsidies

provided dedicated subsidies to 2 around the New Year and Spring Festival

employees through the Rainbow Plan with period. In 2025 the Company also visited 5

Case Rainbow Plan: Warm support for employees total support exceeding RMB 100000. employees who were ill.The Company continued the Rainbow Plan employee-care program providing timely financial support and

care for employees and families facing heavy pressure due to major illness or unexpected hardship. During Diversity Equity and Inclusion

the reporting period the total amount of assistance exceeded RMB 180000.Zijiang Enterprise values an organizational culture that respects differences and embraces diversity. The Company

pays attention to the varied needs of different employee group and continues to promote targeted support

measures on issues related to female employees and employee families.Case Dream Fulfillment Plan: Supporting employees’ children in education Case Case

Through the Dream Fulfillment Plan Zijiang Enterprise provided educational assistance to children of Crown Caps & Labels Business Unit: Ongoing Paper Packaging Business Unit:

employees with financial difficulties to support completion of university study. During the reporting period care for female employees Women’s health lectures

the per-capita assistance standard was raised to RMB 8000 coverage was expanded and a cumulative 56 The business unit provides support arrangements The business unit has set up Mothers’

employees’ children received support totaling RMB 784000. for female employees during pregnancy maternity Rooms for breastfeeding employees

leave and breastfeeding. The business unit distributes women’s supplies provides

also distribute women-specific labor-protection Women’s Day gifts organizes women’s

supplies every six months and organize Women’s health lectures and offers annual health

Day activities with holiday gifts each year. checkups for female employees.Case Case

Paper Packaging Business Unit: Care Beverage OEM Business Unit: Emergency Women’s Day activities across business units and companies included:

program for employees’ children and development support for employees in

taking key school exams hardship Paper Packaging Business Unit Beverage OEM Business Unit

The business unit organized a care initiative Through annual hardship subsidies and the

for employees’ children taking high-school Rainbow Plan the business unit maintained

and college entrance examinations regular assistance for employees in need. In

preparing care gift boxes for 67 children 2025 it supported one employee at the Shaanxi

and showing support to employee families plant with family disaster relief and helped 5

at an important stage. employees at the Neijiang plant in Sichuan

participate in the Dream Fulfillment program.DIY Women’s Day Activity Women’s Day Event90 Zijiang Enterprise 2025 Sustainability Report

91

Zijiang Color Printing ZIRI Packaging

Oversees Group-wide safety management manufacturing safety and related systems

Zijiang Enterprise Sets annual EHS targets and strengthens risk oversight

Safety Committee

Coordinates EHS incident management across subsidiaries

Lucky Blind-Box Activity Care-Gift Boxes Implements the Group’s safety management framework across business units

Zihua Technology Zijiang International Trade EHS Management Supports capability building and risk management

Task Force

Organizes plant-wide safety reviews and related initiatives

Implement safety requirements at regional and plant levels

Regional and Plant Manage daily risks site control and hazard rectification

Chenshan Botanical Garden Trip Twins Mountain Trip EHS Leads

Support inspections assessments and continuous improvement

Health and Safety

With Integrated EHS Excellence Management System (IEMS) as a core focus the Company identified professionalism

Safeguarding Employee Safety standardization and systemization as key priorities for annual improvement. It formally issued 12 EHS red-line

rules to further clarify minimum safety and environmental requirements and strengthen company-wide risk

Zijiang Enterprise regards employee health and safety as a core foundation of prudent operations and sustainable awareness and compliance execution. During the reporting period the Company improved and implemented

development. Based on actual production and operating conditions the Company continues improving its health on-site audit and evaluation mechanisms covering 14 factories promoting the replication of EHS best practices

and safety management system strengthening governance mechanisms and process control and systematically and digital-management applications.identifying and managing safety and health risks to protect employees in all work scenarios.Safety Governance

Guided by the principles of people first safe development safety first and prevention first Zijiang Enterprise

has established a layered governance structure forming a management system coordinated at group level and

implemented by business units. The Company continues improving systems for safety planning execution

inspection and evaluation as well as routine meetings special meetings fire drills and dedicated training.92 Zijiang Enterprise 2025 Sustainability Report

93

Zijiang Enterprise Safety Management Philosophy and Targets

Case Container Packaging Business Unit: Comprehensive safety-learning platform

Zero Incidents Zero Violations The business unit built a unified safety-learning platform providing standardized training and

Zero Casualties assessment for new employees contractors and external drivers. Personnel must pass the

Prevent occupational health Strictly manage behaviors that assessment before taking up work. The platform has been rolled out across more than 50 entities in

and safety incidents through a Protect employees and related violate safety management

comprehensive process risk-control personnel and prevent casualties requirements and correct them in the business unit.mechanism a timely manner.Case Beverage OEM Business Unit: Multi-Level Reinforcement of Safety Management

To ensure effective delivery of health and safety objectives the Company has also established a systematic safety-

management audit mechanism. Through regular audits and process supervision together with digital tools for

Safe operations are reinforced through a three-level approach. At the foundation level themed

tracking key risks and management processes Zijiang Enterprise continues improving the standardization and

activities training and broad employee coverage support self-managed safety. Special initiatives focus

effectiveness of safety management.on confined-space management with dedicated training register reviews signage improvement and

emergency rescue equipment deployment while strictly enforcing the principle of ventilate first test

second work last. Oversight is strengthened through unannounced inspections cross-checks and

Key Metrics director-level inspections carried out by business-unit EHS plant EHS and functional directors.Special investment in power-distribution rectification

Case Case

RMB 11.69 million

Paper Packaging Business Unit: Smart ZIRI Packaging: Safety culture and

Completing systematic safety upgrades at temperature-control loop to eliminate production safety managementhigh-temperature operating risks

8 key enterprises Zidan Food installed an intelligent Since start-up ZIRI Packaging has adhered

temperature monitoring system on its high- to the principle of safety first in production

speed flexographic printing line covering and strictly implemented safety-

0 41 high-risk points with 7×24 real-time management systems. Guangdong ZIRI monitoring multi-level alerts and linked Packaging has recorded 850 consecutive

Fatalities and serious injuries exhaust control. It achieved 100% high- days without any employee work-injury

temperature risk detection cut response accident.

0 time to under one minute and recorded zero heat-related equipment downtime.

Occupational disease incidence

12 Case

Companies with ISO 45001 certification Zidong Nylon: Smart safety-monitoring system development

Zidong Nylon introduced a smart safety-monitoring system integrating video monitoring gas

detection and equipment operation monitoring to enable real-time risk identification and early

warning.94 Zijiang Enterprise 2025 Sustainability Report

95

Zijiang Enterprise treats health and safety training as an important lever for implementing safety management. Occupational Disease Management

Through training drills and themed activities the Company continues improving employee awareness of and

response to safety risks. Business units combine safety knowledge with practical operating scenarios to encourage Zijiang Enterprise continues improving occupational disease management. By optimizing production processes

active participation in safety management. and equipment configuration the Company reduces potential occupational health hazards generated during

operations. It also conducts occupational-health training to improve employee awareness and self-protection

Health and safety training activities capability.The Company regularly arranges professional health examinations and maintains occupational health surveillance files.Paper Packaging Business Unit Beverage OEM Business Unit For employees with abnormal examination results or those no longer suitable for original work timely intervention

measures and reasonable job adjustments are arranged to protect health rights and reduce occupational disease risks.Case Case

Paper Packaging Business Unit: On-post Zijiang Color Printing: Strengthening

physical examinations for occupational- occupational disease prevention and

hazard positions contingency mechanisms

In 2025 the business unit organized on-post The Shanghai plant updated occupational

7th “Safety You and Me” Activity Accident-Specific Emergency Drill physical examinations for occupational- health files and revised the special

hazard roles at its Shanghai factories. contingency plan for occupational disease

Doctors and equipment were brought hazards. On-post and exit examinations

Crown Caps & Labels Business Unit Zijiang Color Printing on site to improve efficiency and reduce were implemented covering hazard factors

inconvenience covering 389 employees. such as noise and TDI were all compliant.At the Anhui Composite plant Occupational

Hazard Notice Cards were posted

prominently in workshops and annual

hazard-factor testing and occupational

health examinations continued.Case

Health and Safety Training First-Aid Training

Zidong Nylon: Dust-control

Case improvement in workshops

Zidong Nylon Zihua Technology In trim pelletizing and waste-film recovery

ZJMP: Source control of occupational processes engineers improved dust

disease risks overflow by enlarging the pressure-relief

opening significantly improving dust

ZJMP systematically identified high-risk conditions in the pelletizing workshop.materials and work processes. Material

substitution reduced occupational

health risks from organic solvents while

engineering controls were applied to high-

noise equipment and dust- and exhaust-

emission points to improve the work

environment

Heatstroke Emergency Drill Fire Drill96 Zijiang Enterprise 2025 Sustainability Report

97

Governance & Compliance

Excellence

Guided by its aspiration to become a highly respected enterprise Zijiang Enterprise regards sound governance

98 Corporate Governance and compliance as a core foundation. The Company continues to improve corporate governance strengthen

business ethics reinforce information security and advance responsible supply chain management

building a transparent efficient and trusted governance system.

102 Business Ethics

102 Information Security

ESG Strategic Targets

104 Supply Chain Management

Achieve 100% employee coverage in anti-

corruption training by 2030

Maintain zero major information security incidents

through 2030

Achieve 100% sign-off on the Supplier Code of

Conduct among core suppliers by 203098 Zijiang Enterprise 2025 Sustainability Report

99

Corporate Governance The Company has further strengthened the responsibilities of the Board and its committees in risk oversight and internal control. In particular the Audit Committee plays a more prominent supervisory role reviewing financial

disclosure overseeing internal audit and internal control and examining key financial and risk matters.The internal audit function reports to the Board and operates under the guidance of the Audit Committee

Governance Structure independently supervising operations risk management and internal control and reporting major issues in a

timely manner. This further enhances transparency standardization and risk prevention capability.Zijiang Enterprise continues to improve its governance structure and institutional system optimize decision-

making and management processes and build a governance system with clear responsibilities and standardized

operation. By strengthening strategic management risk control and internal control the Company further

enhances governance transparency professionalism and effectiveness laying a solid foundation for prudent Corporate Culture and Human Corporate culture and human resources matters supporting

operations and long-term value creation. Resources Management Committee talent development and organizational capability building.The General Meeting of Shareholders serves as the highest authority. Under the leadership of the Board of

Directors management is responsible for day-to-day operations. The Board oversees development strategy and

major decisions while specialized committees provide professional review and supervision on key governance Reviews the Company’s medium- and long-term strategy Strategy and Investment Decision-

issues. Management is responsible for implementation supporting effective delivery of strategy risk control major investments and key business matters and provide making Committee

and sustainability objectives. plans and recommendations.Reviews remuneration policies and performance assessment

Remuneration and Appraisal

mechanisms for directors and senior management helping

General Meeting of Shareholders Committee align incentives with development goals.Reviews and tracks the annual budget and execution status

Budget and Execution Committee

supporting effective implementation of business plans.Board of Directors General Manager

Responsible for decisions on the Company’s Responsible for organizing and

development strategy and major matters implementing Board decisions Oversees nomination and qualification review for directors

overseeing overall operational direction and overseeing day-to-day operations and Nomination Committee and senior management strengthening governance structure

supervising the implementation of relevant resource allocation and driving the and talent allocation.management measures to ensure effective implementation of strategies and annual

delivery of development goals. targets at the business-unit level.Reviews financial reports and related disclosures supervises

Audit Committee internal control and internal audit and examines external

auditor appointment and related audit matters.Corporate

Culture and Strategy and Remuneration Key Metrics

Human Investment Decision- and

Budget and

Resources Appraisal Execution

Nomination Audit

Committee Committee

Management making Committee Committee

Committee Committee

General Meetings of Shareholders held: 2 Board meetings held: 5

At board level the Company has established six specialized committees covering strategy and investment audit

remuneration and appraisal nomination budget and execution and corporate culture and human resources. Proposals approved: 16 Proposals approved: 28

These committees conduct pre-review deliberation and oversight on relevant matters helping the Board identify

and assess important issues in operations risk control and sustainable development and supporting more

prudent scientific and efficient major decision-making.100 Zijiang Enterprise 2025 Sustainability Report

101

Board Independence Risk Management

Zijiang Enterprise safeguards independent judgment and effective checks and balances in Board by improving Zijiang Enterprise has formulated the Zijiang Enterprise Internal Control Manual which serves as an important

the participation mechanism for independent directors. As an important part of the Board independent directors institutional foundation for internal control and risk management. Centered on business processes the manual

play a key role in corporate governance by providing independent and professional advice for Board decisions. systematically covers 29 business cycles and 82 sub-cycles comprehensively identifying risk points in various

business activities. In this way risk management requirements are embedded into daily operations and management

At the institutional level the Company has formulated the Independent Director Work System which clearly decision-making supporting standardized operations and prudent development.defines the appointment requirements scope of duties working procedures and rights and obligations of

independent directors. During the reporting period Zijiang Enterprise had 3 independent directors providing Zijiang Enterprise systematically identifies risks that may arise in operations and management and classifies

important support for major decision-making and standardized operations. them into the following five major categories:

Board Diversity

Strategic Market Risk Financial Operational Legal Risk

In the appointment of Board members Zijiang Enterprise takes into account factors of various professional Risk Risk Risk

capabilities while emphasizing diversity in Board structure. Through full exchange of diverse perspectives and

rational discussion the Company continues to enhance the Board’s comprehensiveness judgment in strategic

assessment and major decision-making. During the reporting period the Board elected a woman as General Zijiang Enterprise has established a risk management process covering the full course of operations and manages

Manager reflecting the continued efforts to promote diversity in its management team. risks dynamically through a systematic and standardized approach.Key Metrics

Male directors Female directors

72

Systematic Risk Scientific Risk Continuous

Identification Assessment Tiered Risk Response

Robust Emergency

Response Improvement and Optimization

Investor Relations Management Identify major Based on internal For identified Establish a sound Regularly review

risks around core and external risks define emergency- risk management

The Company values investor relations and maintains regular communication through email hotline calls business and key risks assess management response operations and

investor meetings postal mail and the SSE interactive platform. It also holds quarterly results briefings via the SSE management possible impacts priorities and mechanism to continuously

Roadshow Center to present business performance and strategy and respond to investor concerns. A dedicated activities and on operations implement reduce the impact refine the risk

IR team and formal management system help ensure efficient and standardized communication. In 2025 the clarify the primary and long-term targeted of sudden risks. management

Company revised 25 policies and introduced 5 new ones. risks impact development to measures. system.areas and risk support follow-

factors. up response

decisions.Key Metrics

Over 190 investor engagements (phone and in person) 40 announcements released

Case Selected as a 2025 Outstanding Internal Control Practice Case of Listed Companies

Shareholder Returns

Zijiang Enterprise was selected as an outstanding case in the 2025 Best

The Company places high importance on shareholder returns and has paid cash dividends every year for 27 Practice in Internal Control of Listed Companies. The evaluation reviewed

consecutive years since listing. Balancing investor returns with development and funding needs it maintains a system completeness effectiveness of operation and risk prevention and

stable dividend policy and seeks to create long-term shareholder value. control performance reflecting external recognition of the Company’s

standardized governance and governance capability.Key Metric

Cumulative cash dividends paid excluding the 2025 2.52

dividend: RMB 5.508 billion times the funds raised102 Zijiang Enterprise 2025 Sustainability Report

103

Business Ethics Data and Information Asset Security Management

Zijiang Enterprise regards data as an important corporate asset and places strong emphasis on the systematic

management and protection of core business data and information resources.Anti-Unfair Competition The Company manages two categories of data assets: Zijiang Enterprise’s own core commercial secrets and

customer commercial information that requires enhanced protection. Through institutionalized management

The Company upholds fair competition and does not tolerate improper competition practices. By clarifying conduct the Company continues to improve its information assets.boundaries in business activities and external cooperation Zijiang Enterprise seeks to maintain a compliant and

trustworthy market environment. Data Asset

Category Management Focus Management Measures

Anti-Bribery and Anti-Corruption Identification and protection of core Establish an information-asset identification mechanism maintain a register of

data core data assets and apply graded management based on materiality

Guided by the Corporate Culture Handbook Zijiang enterprise continues corporate-culture communication and

internal awareness-building to strengthen honest and standardized professional conduct. On this basis it has Corporate Access and usage Define data access permissions and usage boundaries standardize authorization

Information

established internal reporting channels and early-warning mechanisms for prevention of fraud risks. control procedures and prevent unauthorized access

The Company has established multi-channel communication mechanisms for business ethics and compliance Business continuity Include customer commercial information within the scope of key protection

encouraging employees partners and other stakeholders to report potential misconduct fraud risks or assurance and strengthen usage rules and confidentiality requirements

compliance concerns. A dedicated business-ethics and compliance mailbox is in place ensuring timely prudent

and confidential handling of reports. Confidentiality and Include customer commercial information within the scope of key protection

compliant use and strengthen usage rules and confidentiality requirements

Security of data

Customer access and Apply stricter access controls and security measures to data access and

Information transmission transmission involving customer information

Risk prevention and Define data-security responsibilities for relevant roles and reduce the risk of

Reporting Channel accountability information leakage and improper use

Business ethics and compliance email: Information Security Incident Management and Emergency Response

hgjb@zijiangqy.com

Zijiang Enterprise continues improving its ability to identify respond to and recover from information-security

risks reducing the impact of unexpected incidents on business operations.* Establish information security incident emergency response and handling procedures

Emergency Response Mechanism * Define incident classification response requirements and handling criteria

Information Security * Improve incident reporting and high-level notification mechanismsInternal Reporting and Closed-Loop Management * Promote issue resolution review and experience sharing to build a closed-loop

management process

* Integrate information security incident management into daily operations

Zijiang Enterprise benchmarked against China’s cybersecurity regime (MLPS 2.0) and formulated the Information Strengthening Organizational

Response Capability * Continuously enhance the organization’s overall capability to respond to information Security Management Standard while carrying out corresponding remediation actions. The standard sets unified security risks

requirements covering information-security governance infrastructure system operations and the protection

of data and information assets. Digital System Operations

Zijiang Enterprise advances information security through centralized group coordination and tiered responsibility Zijiang Enterprise continues strengthening information infrastructure management. By standardizing data-center

covering both headquarters and subsidiaries. Responsibilities and management requirements are clearly defined management network architecture and system O&M requirements the Company improves overall system

and embedded into daily operations and management processes. reliability and resilience.104 Zijiang Enterprise 2025 Sustainability Report

105

Management Management Management Measures Based on its unified supplier management system the Based on material importance and business impact Module Focus Company conducts qualification review and on-site suppliers are classified into A B and C categories with

Operating assessment of potential suppliers with comprehensive corresponding procurement priorities and management Data Center environment * Standardize data-center grading and baseline operating standards; evaluation across quality management environmental requirements to improve resource allocation.Management standards define O&M requirements for key equipment management technical capability compliance and service

assurance.Network Stability and * Review and optimize network architecture; strengthen management Supplier Admission Supplier Classification

Architecture redundancy of cross-regional network connections

Non-Compliance Management Supplier Performance Evaluation

System O&M Daily operation * Strengthen routine O&M for servers and endpoint devices; enhance Suppliers are regularly evaluated on indicators such as quality For non-compliance issues identified in evaluation suppliers assurance disaster-recovery backup of server resources pass rate on-time delivery and service responsiveness are required to complete corrective actions within a specified

together with performance in areas including environmental timeframe and results are tracked and verified. Suppliers

management and production safety. The results serve with persistent underperformance or serious violations

O&M Model Efficiency * Shift from manual inspection to platform-based visualized monitoring; as an important basis for cooperation adjustment and are removed in accordance with regulations and placed improvement improve visibility of system status and anomalies continuous improvement. on the supplier blacklist.Key Metric

Standardized Digital Platforms and Data Governance

Total number of suppliers: 1146

Zijiang Enterprise embeds information-security requirements throughout data collection system integration and

platform operation ensuring that data applications continue to deepen under secure and controllable conditions.Supplier Enablement and Collaborative Development

Secure Data Integration

* Integrate information security requirements into data collection systems and workflows Zijiang Enterprise emphasizes collaborative development with suppliers and integrates capability improvement

into supply-chain practice. Through exchange activities the Company communicates with suppliers on industry

* Standardize the management of data sources transmission and access trends and management practices promoting information sharing and coordinated operations.Key Data Governance The Company guides suppliers to optimize raw-material selection production processes and logistics methods

improving environmental management and resource efficiency across the supply chain.* Strengthen the management of key operational data such as OEE and energy consumption

* Clarify data usage boundaries and governance responsibilities

Case Crown Caps & Labels Business Unit: Supplier ESG management and review

Secure Digital Enablement

The business unit incorporates ESG performance into supplier selection and management criteria. Its

* Support digital transformation under a secure and controlled environment

review system covers environmental management energy consumption resource use labor rights

* Enable the continuous development and deeper application of digitalization

health and safety ensuring that suppliers meet sustainability requirements in their operations.Supply Chain Management

Case Paper Packaging Business Unit: Mock recall to strengthen food safety management

Supplier Management During the reporting period the business unit’s central quality department together with the

procurement department and factory quality teams organized a mock supplier recall exercise for

Based on the Supplier Evaluation Procedure Zijiang Enterprise has established a standardized mechanism covering

major material suppliers. All suppliers completed recall actions and report submission within the

supplier admission evaluation supervision and exit helping ensure supply-chain stability and sustainability

through institutionalized processes and tiered management. required timeframe.106 Zijiang Enterprise 2025 Sustainability Report

107

Appendix 1 Appendix 2

Index to the SSE Self-Regulatory Guidelines No. 14 for Listed Companies — Sustainability Reports GRI Content Index

Dimension Topic Relevant Corresponding GRI Standard Disclosure Title Corresponding SectionProvisions Section

Climate Change Articles 21–28 Climate Action GRI 1: Foundation 2021

Pollutant Emissions Article 30 Environmental Management GRI 2: General Disclosures 2021

Waste Management Article 31 Waste Management

2-1 Organizational details About Zijiang Enterprise

Ecosystems and Biodiversity Protection Article 32 Not Applicable

Environment

Environmental Compliance Management Article 33 Environmental

Entities included in the organization’s sustainability

Management 2-2 About This Reportreporting

Energy Use Article 35 Energy Management

2-3 Reporting period frequency and contact point About This Report

Water Resources Use Article 36 Resource Utilization

Circular Economy Article 37 Sustainable Products 2-6 Activities value chain and other business relationships About Zijiang Enterprise

Rural Revitalization Article 39 Community Engagement 2-7 Employees About Zijiang Enterprise

Social Contribution Article 40 Philanthropy

2-9 Governance structure and composition Corporate Governance

Innovation-Driven Development Article 42 R&D and Innovation

Technology Ethics Article 43 R&D and Innovation 2-10 Nomination and selection of the highest governance body Corporate Governance

Social Supply Chain Security Article 45 Supply Chain Management 2-11 Chair of the highest governance body Corporate Governance

Fair Treatment of SMEs Article 46 Supply Chain Role of the highest governance body in overseeing the Management 2-12 Corporate Governance

management of impacts

Product and Service Safety and Quality Article 47 Product Quality

2-13 Delegation of responsibility for managing impacts Corporate Governance

Data Security and Customer Privacy Protection Article 48 Information Security

Role of the highest governance body in sustainability

Employees Article 50 Nurturing Workforce 2-14 Corporate Governance

reporting

Due Diligence Article 52 Corporate Governance 2-15 Conflicts of interest Corporate Governance

Sustainability Stakeholder Communication Article 53

Stakeholder

Engagement

Governance 2-16 Communication of critical concerns Stakeholder Engagement

Anti-Bribery and Anti-Corruption Article 55 Business Ethics

2-22 Statement on sustainable development strategy Sustainability Strategy

Anti-Unfair Competition Article 56 Business Ethics108 Zijiang Enterprise 2025 Sustainability Report

109

GRI Standard Disclosure Title Corresponding Section GRI Standard Disclosure Title Corresponding Section

2-29 Approach to stakeholder engagement Stakeholder Engagement 303-5 Water consumption Water Resource Utilization

GRI 3: Material Topics 2021 GRI 305: Emissions 2016

3-1 Process to determine material topics Double Materiality 305-1 Direct (Scope 1) GHG emissions Climate Strategy

3-2 List of material topics Double Materiality 305-2 Energy indirect (Scope 2) GHG emissions Climate Strategy

3-3 Management of material topics Double Materiality 305-3 Other indirect (Scope 3) GHG emissions Climate Strategy

GRI 201: Economic Performance 2016 GRI 306: Waste 2020

Financial implications and other risks and opportunities Management of Air Water

201-2 Climate Action 306-1 Waste generation and significant waste-related impacts

due to climate change and Waste

Management of Air Water

GRI 205: Anti-corruption 2016 306-2 Management of significant waste-related impacts

and Waste

Management of Air Water

205-1 Operations assessed for risks related to corruption Business Ethics 306-3 Waste generated

and Waste

Communication and training about anti-corruption Management of Air Water

205-2 Business Ethics 306-4 Waste diverted from disposal

policies and procedures and Waste

Management of Air Water

205-3 Confirmed incidents of corruption and actions taken Business Ethics 306-5 Waste directed to disposal

and Waste

GRI 302: Energy 2016 GRI 401: Employment 2016

302-1 Energy consumption within the organization Energy Management 401-1 New employee hires and employee turnover Employee Rights and Interests

Benefits provided to full-time employees that are not

302-4 Reduction of energy consumption Energy Management 401-2 Compensation and Benefits

provided to temporary or part-time employees

Reductions in energy requirements of products and

302-5 Energy Management GRI 403: Occupational Health and Safety 2018

services

GRI 303: Water and Effluents 2018 403-1 Occupational health and safety management system Health and Safety

Hazard identification risk assessment and incident

303-3 Water withdrawal Water Resource Utilization 403-2 Health and Safety

investigation

Worker participation consultation and communication

303-4 Water discharge Water Resource Utilization 403-4 Health and Safety

on occupational health and safety110 Zijiang Enterprise 2025 Sustainability Report

111

GRI Standard Disclosure Title Corresponding Section Appendix 3

403-5 Worker training on occupational health and safety Health and Safety SDGs Content Index

403-9 Work-related injuries Health and Safety Sustainable Development

Initiative Corresponding Section

Goals (SDGs)

GRI 404: Training and Education 2016 Employee Rights and

SDG 3. Good Health and Well- Ensure healthy lives and promote well-being for Interests; Compensation

Career Development and being all at all ages and Benefits; Employee

404-1 Average hours of training per year per employee

Training Care; Health and Safety

Ensure inclusive and equitable quality education

Programs for upgrading employee skills and transition Career Development and

404-2 SDG 4. Quality Education and promote lifelong learning opportunities for

Career Development and

assistance programs Training all Training

GRI 405: Diversity and Equal Opportunity 2016 SDG 5. Gender Equality Achieve gender equality and empower all women

Employee Rights and

and girls Interests; Diversity Equity and Inclusion

405-1 Diversity of governance bodies and employees Employee Rights and Interests

SDG 6. Clean Water and Ensure availability and sustainable management Environmental

of water and sanitation for all Management; Resource Sanitation Efficiency

GRI 406: Non-discrimination 2016

SDG 7. Affordable and Clean Ensure access to affordable reliable sustainable Climate Action; Energy

406-1 Incidents of discrimination and corrective actions taken Employee Rights and Interests Energy and modern energy for all Management

SDG 8. Decent Work and Promote sustained inclusive and sustainable Employee Rights and

GRI 407: Freedom of Association and Collective Bargaining 2016 economic growth full and productive Interests; Compensation Economic Growth employment and decent work for all and Benefits

Operations and suppliers in which the right to freedom SDG 9. Industry Innovation Build resilient infrastructure promote inclusive 407-1 Employee Rights and Interests R&D and Innovation; Lean

of association and collective bargaining may be at risk and sustainable industrialization and foster and Infrastructure innovation Operations

GRI 408: Child Labor 2016 Employee Rights and

SDG 10. Reduced Inequalities Reduce inequality within and among countries Interests; Diversity Equity

Operations and suppliers at significant risk for incidents and Inclusion

408-1 Employee Rights and Interests

of child labor

SDG 12. Responsible Ensure sustainable consumption and production

patterns Sustainable Products

GRI 409: Forced or Compulsory Labor 2016 Consumption and Production

Operations and suppliers at significant risk for incidents SDG 13. Climate Action Take urgent action to combat climate change and Climate Action; Energy 409-1 Employee Rights and Interests

of forced or compulsory labor its impacts Management

Promote peaceful and inclusive societies for

GRI 414: Supplier Social Assessment 2016 SDG 16. Peace Justice and sustainable development provide access to Corporate Governance

Strong Institutions justice for all and build effective accountable and

inclusive institutions at all levels

414-1 New suppliers that were screened using social criteria Supply Chain Management

SDG 17. Partnerships for the Strengthen the means of implementation and

revitalize the Global Partnership for Sustainable Supply Chain Management;

Negative social impacts in the supply chain and actions Goals Customer Collaboration

414-2 Supply Chain Management Development

taken112 Zijiang Enterprise 2025 Sustainability Report

113

Appendix 4

Key Performance Indicators

Indicator Unit 2023 2024 2025 Indicator Unit 2023 2024 2025

Economic Non-Hazardous Waste

Total assets RMB 100 million 136.94 131.89 131.75 Total non-hazardous waste tons 25693.20 29641.77 29172.71

Revenue RMB 100 91.16 106.37 96.04 Non-hazardous waste million recycled tons 25138.52 28366.37 27225.00

Total profit RMB 100 7.40 9.72 12.62 Non-hazardous waste million disposed of tons 554.68 1275.40 1947.71

Social contribution value per

share RMB 2.07 2.36 2.48 Hazardous Waste

Cash dividends (tax

inclusive) RMB 379184039.50 455020847.40 530857655.30 Total hazardous waste

2 tons 1273.74 1574.63 1654.02

Penalties or warnings

imposed by the CSRC or the times 0 0 0 Hazardous waste recycled tons 173.58 167.51 192.66

Shanghai Stock Exchange

Hazardous waste disposed

of tons 1100.16 1407.12 1461.36Environmental Performance

Direct Energy Consumption

Environmental Governance

Environmental governance Gasoline consumption liters 136287.62 116844.23 115570.36

investment RMB 10000 4888.85 2592.03 4419.06

Compliance rate of waste Diesel consumption liters 84743.74 81966.38 67304.50

gas and wastewater % 100 100 100

discharge

Natural gas consumption standard m3 8038036.06 9072021.91 9871391.98

Air Emissions

LNG consumption tons 39.95 33.73 25.96

Total air emissions tons 157.74 186.85 166.44

Indirect Energy Consumption

NOx emissions tons 12.48 19.19 12.89

Purchased electricity MWh 548125.80 572539.20 638351.46

Non-methane hydrocarbon

emissions tons 143.81 160.10 146.74

Purchased steam tons 88293.54 105016.38 106397.67

Sulfur dioxide and other

particulate matter tons 1.45 7.56 6.81

2. In 2025 the Company optimized the accounting methodology for total hazardous waste disposed of and the 2023 and 2024

figures were adjusted accordingly.114 Zijiang Enterprise 2025 Sustainability Report

115

Indicator Unit 2023 2024 2025 Indicator Unit 2023 2024 2025

Renewable Energy Labor contract coverage % 100 100 100

Occupational disease

Solar power generation MWh 19856.00 33750.00 63736.00 incidents cases 0 0 0

Electricity Savings Total training hours hours - 131760.86 156608.15

Average training hours per

Annual electricity savings MWh 3555.00 3765.00 8547.00 employee hours - 19.40 22.76

Water Consumption Health and Safety

Total water use tons 2837925.16 3284127.48 3860834.66 Number of employee work- cases 57 43 42related injury incidents

Total wastewater discharge tons 1577121.45 1892370.20 2323235.50 Lost work hours hours 25640 26152 18769

Lost-time injury frequency

Total water consumption tons 1260803.71 1391757.28 1537599.16 rate per million hours / 4.13 3.15 3.08

worked

Total recycled water use tons 153672.00 167868.00 208734.00 Total number of employees

trained in EHS people 6070 6512 6576

Social Performance

Suppliers

Total number of employees people 6936 6791 6882

Total number of suppliers companies 1157 1135 1146

Total number of male

employees people 4855 4815 4964 Number of suppliers in

mainland China companies 1109 1090 1102

Total number of female

employees people 2081 1976 1918 Number of overseas

suppliers companies 48 45 44

Percentage of female

employees % 30.00 29.10 27.87

Number of employees with

disabilities people 26 21 30

Female board members % 11 22 22

Return-to-work rate after

childcare leave % 100 100 100

Social insurance coverage % 100 100 100Shanghai Zijiang Enterprise Group Co. Ltd.Address: 7C Hongqiao Business Building 2272 Hongqiao Road

Changning District Shanghai

Phone: +86-21-62377118

Email: zijiangqy@zijiangqy.com

Shanghai Zijiang Enterprise Group Co. Ltd. 2025 Sustainability Report