About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 01

About This Report

This report is prepared in accordance with the Sustainability Disclosure Standards for Enterprise – General Requirements (Trial) jointly formulated

by the Ministry of Finance of the People's Republic of China the Ministry of Foreign Affairs the National Development and Reform Commission

the Ministry of Industry and Information Technology the Ministry of Ecology and Environment the Ministry of Commerce the People's Bank

of China the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) the National Financial Regulatory

Administration and the China Securities Regulatory Commission. It also follows the Guidelines No. 14 of Shanghai Stock Exchange for Self-

Regulation of Listed Companies – Sustainability Report (Trial) and the Guide No.4 for Self-Regulatory Supervision on Listed Companies of the

Reference SSE — Compilation of Sustainable Development Reports issued by the Shanghai Stock Exchange the Sustainability Accounting Standards Board

Guidelines (SASB) Standards the Reference of ESG Indicators System for ESG Reports of Listed Chinese Central State-Owned Enterprises issued by the SASAC

Research Center the European Sustainability Reporting Standards (ESRS) released by the European Commission and the two IFRS Sustainability

Disclosure Standards(ISDS) issued by the International Sustainability Standards Board (ISSB). Additionally this report incorporates disclosure

requirements aligned with the United Nations Sustainable Development Goals (SDGs).The reporting period is between January 1 2024 and December 31 2024 and some parts of the report are beyond the aforementioned scope.Unless otherwise specified the environmental social and economic data disclosed in this report includes all enterprises within the scope of the

Reporting consolidated statement of Xiamen ITG Group Corp. Ltd.Scope

This is the 2024 Sustainability Report ("this report")

released by Xiamen ITG Group Corp. Ltd. (referred to as This report is released in electronic format in both Simplified Chinese and English. In case of any inconsistencies between the Chinese and

"Xiamen ITG Group" or "We"). This report aims to provide English versions the Chinese version shall prevail. The electronic version of the report is available on our official website (www.itg.com.cn) and

stakeholders with an overview of 2024 Sustainability the Shanghai Stock Exchange website (www.sse.com.cn). If you have any comments or suggestions on our economic environmental and social

Report Availability

performance and initiatives in Xiamen ITG Group. performance please contact zqswb@itg.com.cn.and FeedbackAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 04

enterprises. On the production side we promote clean energy substitution access to abundant green resources significantly strengthening our risk of the supply chain scale up green logistics and zero-carbon warehousing

optimize energy consumption in production processes and advance wastewater resilience and green development capabilities. and accelerate the deployment of new products and materials to cultivate new

recycling. On the production side we implemented slope re-vegetation in mining growth drivers. We will deepen the development of our new energy supply chain

areas and optimized wastewater collection and reuse. On the product side Shared Value: Upholding Long-Termism in Corporate Development business and lead in building zero-carbon supply chain benchmarks.we developed recycled paper and green fibers promoting a circular economy. We firmly believe that sustainable corporate growth must be built on shared Expanding global presence: We will optimize global resource allocation

On the logistics side we deployed rooftop photovoltaics and developed zero- value with our stakeholders. In 2024 we deepened our commitment to corporate deepen our engagement along the Belt and Road Initiative expand supply

carbon industrial parks. social responsibility by allocating more resources to rural revitalization education chain networks within RCEP member states and enhance the international

support and public health contributing to sustainable social development. competitiveness of China's supply chain sector. We will work with global

In 2024 several of our green transformation practices were recognized as the partners to co-create a sustainable global industrial ecosystem."2024 Outstanding Case of Sustainable Development of Listed Companies." We We focused on developing our agricultural supply chain establishing a full-

were also granted with the "ESG Profound Awards - Pioneer Enterprise Awards" chain layout from production bases to logistics hubs and urban retail terminals To our colleagues and partners: Over the past 45 years through cycles of change and

and the "Outstanding ESG Enterprise." to improve operational efficiency and ensure food security. Through long-term challenge we have always regarded sustainability as the foundation of our long-term

partnerships in rural revitalization we actively explored a shift from "external success. We will remain committed to upgrading our business model through the

Global Expansion: Building a Resilient Supply Chain Network support" to "endogenous development." Under our philanthropic brand integration of supply chains industrial chains and value chains and to becoming a

Global deployment is the geographic foundation of a resilient supply chain and "Caring for Dreams" we carried out more than3000 hours of volunteer services trusted global industrial partner. Anchored in long-termism we are determined to

resilience is the operational cornerstone of sustainable development. In the annually. In the healthcare sector we accelerated the development of a full- pursue what is difficult but right. With greater openness and collaboration we will

face of rising international uncertainties we remained firm in our "go-global" cycle intelligent health management system aligned with the national "Healthy work with global partners to build a safer smarter greener and more efficient and

strategy continuously optimizing our global supply chain layout and enhancing China" initiative and contributed to the expansion and enhancement of public resilient modern supply chain system. By maintaining our internal strength amid

overall resilience. We launched a dedicated International Development health services and the broader wellness industry. external uncertainty we will continue to generate stable long-term value for our

Department and formulated the "1234" internationalization strategy. Trade shareholders inject new momentum into high-quality industrial development and

volume with countries along the Belt and Road Initiative reached approximately Our Strategic Priorities for the Coming Year contribute to the broader cause of sustainable development.

90 billion RMB. We accelerated the overseas expansion of our new energy supply Deepening digitalization:We will continue increasing investment in digitalization

chain business established offices in Germany and South Africa and advanced upgrade the "ITG Cloud Chain" platform and expand its applications across

global operations in photovoltaics energy storage wind energy hydrogen new industrial scenarios. We will explore "AI + Supply Chain" models to improve

energy and battery recycling. visibility and forecasting capabilities. We will also enhance our smart risk control

and R&D systems to strengthen supply chain decision-making and resilience.We have gradually built a sound risk diversification mechanism and secured Accelerating green innovation: We will promote full-process decarbonization The chairman of Xiamen ITG GroupAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 05

Brand Philosophy We uphold the mission of "Integrate Industry to Connect Create Value to Share" adhere to the core values of "Leadership Responsibility Hardworking and Partnership" and strive to become a trusted global industrial partner. We closely align with national strategic plans actively respond to the Belt and Road Initiative and integrate into the new development

paradigm of "dual circulation". We serve the carbon peaking and carbon neutrality goals and ensure the security stability agility efficiency intelligence and sustainability of

industrial supply chains.In our core business of supply chain management we operate eight vertical industrial chains—metallurgy energy & chemicals textiles non-ferrous metals pulp & paper

agricultural products rubber and new energy as well as general solutions represented by logistics and digital technology providing customers with "ITG Solutions" for

comprehensive industrial services. We have innovatively introduced an upgraded business model of integrating supply chain industrial chain and value chain aiming to enhance

our operations with end-to-end supply chain services as the core internationalized industrial chain operations as the driving force and high-efficiency value chain collaboration as

the safeguard. We continuously promote business iteration and upgrading inspiring ongoing value creation.Metallurgy energy & In the healthcare technology segment we integrate resources through an innovative development model and establish a "1+3" medical and healthcare business model focusing chemicals

on the medical device segment as our core business while supporting it with elderly care services healthcare big data and health services. Relying on five capability centers we

are building a comprehensive healthcare industry ecosystem establishing a collaborative platform that connects enterprises society and the government.textiles

energy non-ferrous

metals

Eight Vertical

Industrial Chains

rubber non-ferrous

metals

agricultural pulp &

products paperAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 09

Management of In accordance with the assessment methodologie outlined in latest domestic and international disclosure standards including the Sustainability Disclosure Standards for Enterprise – General Requirements (Trial) jointly formulated by the Ministry of Finance of the People's Republic of China the Ministry of Foreign Affairs the National Development and Reform Commission the Ministry

of Industry and Information Technology the Ministry of Ecology and Environment the Ministry of Commerce the People's Bank of China the State-owned Assets Supervision and Administration

Material Matters Commission of the State Council (SASAC) the National Financial Regulatory Administration and the China Securities Regulatory Commission the Guidelines No. 14 of Shanghai Stock Exchange for Self-

Regulation of Listed Companies – Sustainability Report (Trial) and the Guide No.4 for Self-Regulatory Supervision on Listed Companies of the SSE – Compilation of Sustainable Development Reports

issued by the Shanghai Stock Exchange the European Sustainability Reporting Standards (ESRS) released by the European Commission and the two IFRS Sustainability Disclosure Standards(ISDS) issued

by the International Sustainability Standards Board (ISSB) we carried out a double materiality assessment to identify sustainability matters that have significant impacts on our long-term corporate value

and stakeholders.In conducting the double materiality assessment we considered both the potential impact of sustainability matters on our financial performance (financial materiality) and our external impacts on the

environment and society (impact materiality). We collected input through questionnaires from 353 stakeholders and based on the results of both financial and impact materiality assessments identified

12 material matters. We have addressed and elaborated on the 12 identified material matters in the corresponding sections of this report.

Double Materiality 2024 Double Materiality Assessment Process

Assessment Process In line with the methodologies outlined in the aforementioned sustainability disclosure standards we conducted the double materiality assessment following the steps below:

Step 1 Step 2 Step 3 Step 4

Understanding the Context and Impact and Financial Materiality Consolidating Impact and Financial Analyzing the outcomes for reporting and

Identifying Sustainability Matters Assessment Materiality Outcomes practice guidance

Based on the results from Step 2 the

The company identified 30 potential The company evaluated the impact The Strategic and Sustainable Development

company developed the Materiality

key matters based on five categories materiality and financial materiality of Committee reviewed the analysis results

Matrix for 2024

of factors and formed a sustainability each matter based on two dimensions: and the company performed targeted

matters list. severity of impact and likelihood of disclosure and enhanced practices based

occurrence. on the results.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 10

Step 1 Understanding the Context and Identifying Sustainability Matters

We comprehensively considered the following five categories of factors to identify a list of sustainability matters relevant to our business.

01 Sustainability Disclosure Standards 02 International Initiatives 03 Global Economic and Macro-Policy Outlook

and Guidelines

The Sustainability Disclosure Standards for Enterprise – General Requirements (Trial) jointly The United Nations Sustainable Development The National carbon peaking and carbon

formulated by the Ministry of Finance of the People's Republic of China the Ministry of Foreign Goals (SDGs) the 29th Conference of the neutrality goals global temperature control

Affairs the National Development and Reform Commission the Ministry of Industry and Parties of the UNFCCC (COP 29) the Due targets under the Paris Agreement Science

Information Technology the Ministry of Ecology and Environment the Ministry of Commerce Diligence Guidance for Responsible Business Based Targets initiative (SBTi) the Belt and Road

the People's Bank of China the State-owned Assets Supervision and Administration Conduct of Organisation for Economic Co- Initiative trends in digitalization intelligent

Commission of the State Council (SASAC) the National Financial Regulatory Administration operation and Development (OECD) etc. transformation and supply chain restructuring

and the China Securities Regulatory Commission the Guidelines No. 14 of Shanghai Stock changes in international trade policies etc.Exchange for Self-Regulation of Listed Companies – Sustainability Report (Trial) and the

Guide No.4 for Self-Regulatory Supervision on Listed Companies of the SSE – Compilation of

Sustainable Development Reports issued by the Shanghai Stock Exchange the Sustainability

Accounting Standards Board (SASB) Standards the Reference of ESG Indicators System for

ESG Reports of Listed Chinese Central State-Owned Enterprises issued by the SASAC Research

Centerthe European Sustainability Reporting Standards (ESRS) released by the European

Commission and the two IFRS Sustainability Disclosure Standards(ISDS) issued by the

International Sustainability Standards Board (ISSB).

05 Corporate Strategy and Development Needs 04 Market Trends

Focusing on supply chain operations and developing Global economic and trade dynamics are evolving amid increasing complexity accompanied

emerging health-tech sectors. Leveraging industrial leadership by an accelerated transition toward sustainability. Supply chains are undergoing transformation

to drive mission-aligned innovation. Developing next-gen toward more intelligent greener and more globalized paradigms. Meanwhile global compliance

industries and new quality productive forces to boost global requirements are tightening and market demand is shifting toward hyper-flexible diversified and

competitiveness while fueling socioeconomic progress. scenario-driven customized services. In this context it has become imperative to advance digital and

intelligent transformation enhance supply chain resilience and risk mitigation capabilities embed

into multi-stakeholder ecosystems and establish open and sustainable industrial networks.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 12

Step 2-2: Financial Materiality Assessment Financial Materiality Assessment Outcomes

We assessed the financial materiality of each matter based on two criteria: the potential magnitude and the likelihood of Financial Materiality：Low2 Financial Materiality：Medium3 Financial Materiality：High4

occurrence.*Climate Response

*Supply Chain Security

*Risk Control and Compliance

*Contributing to Industry

The magnitude of direct and indirect positive and negative impacts that *Product and Service Safety and Development

Quality

Criteria 1: the opportunities and risks associated with each material sustainability *Equal Treatment to Small and

*Anti-Commercial Bribery and Anti-

Potential Magnitude matter may bring to the company's financial performance during the *Equal Employment Medium-sized Enterprises

Corruption

reporting period and in future projections. *Employee Compensation and *Waste Disposal

*Social Contributions

Benefits *Ecosystem and Biodiversity

*Circular Economy

*Employee Communication Protection

*Data Security and Customer Privacy

*Tax Compliance *Usage of Water Resources

*Communications with Stakeholders

*Anti-unfair Competition *Human Rights Protection

*Pollutant Discharge

*Ethics of Science and Technology *Occupational Health and Safety

*Environmental Compliance

*Employee Development and

Management

Criteria 2: The likelihood of financial effects on the company from the opportunities

Training

*Energy Usage

and risks associated with each sustainability matter in the short medium *Rural RevitalizationLikelihood of *Innovation-Driven Development

Occurrence and long-term1. *Responsible Sourcing

*Due Diligence

Reference Indicators

Considering factors such as market price of resources trend forecasts and the company's

Costs

historical costs

Evaluating the impact on profit through a comprehensive analysis of costs and anticipated

Profits Note 2: Low materiality refers to matters that may have a certain degree of impact in the short medium and long term but the overall impact is

revenues. relatively minor.Note 3: Medium materiality refers to matters that have a clear impact in the short term and may exert further influence in the medium to long term.Note 1: Short term generally refers to within one year after the end of the reporting period (inclusive); Medium term refers to one to five years Note 4: High materiality refers to matters that have a significant impact in the short term and are highly likely to cause substantial impacts in the

after the end of the reporting period (inclusive); Long term refers to more than five years after the end of the reporting period. medium to long term.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 13

Step 3: Consolidating Impact and Financial Materiality Outcomes

We consolidated the impact materiality and financial materiality assessment outcomes of various sustainability matters in the form of a materiality matrix identifying a total of 12 material matters.Environment Society Governance Double

Materiality Sustainability Topics

5 5 Environmental Compliance Management 2 Pollutant Discharge

2

8

6 1 Climate Response 8 Circular Economy1

13 16 16 Safety and Quality of Products and Services 6 Energy Utilization

Hight

21 24 11 14 13 Responsible Sourcing 14 Supply Chain Security

23

2220182510

19 277 27 Risk and Compliance Management 10 Social Contributions

11 Innovation-driven Development 25 Due Diligence

15

9 24 Occupational Health and Safety 18 Contributing to Industry Development

20 Human Rights Protection 22 Employee Development and Training

317

21 Employee Communication 7 Water Resources Utilization

29 28 23 Employee Compensation and Benefits 19 Equal Employment

Midium

15 Equal Treatment to Small and Medium-sized Enterprises 17 Data Security and Customer Privacy

28 Anti-Commercial Bribery and Anti-Corruption 9 Rural Revitalization

12 30 26 3 Waste Disposal 26 Stakeholder Engagement4

29 Anti-unfair Competition 4 Ecosystem and Biodiversity Protection

Low 12 Ethics of Science and Technology 30 Tax Compliance

Financial Materiality

Impact MaterialityAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 14

Step 4: Reporting and Practice Guidance

Upon review and confirmation of the final materiality assessment results by our Strategic and Sustainable Development Committee we have provided detailed disclosures in this report on the management approaches and specific actions related to matters

assessed as having high or medium materiality.Scope of Impact

Material Affected Impact Corresponding Location in the

Matter Stakeholders Risks Opportunities Duration5 SDGs Report

*Employees Business Expansion Opportunity: Accelerating green technology

Market Risk: As consumer preferences shift toward green and

*Customers innovation and the development of a low-carbon product portfolio supports

low-carbon products traditional business lines may face declining

*Suppliers product and service upgrades enhances competitiveness under the green

market demand and reduced business volume.*Investors and low-carbon transition and creates new drivers of business growth.Financial Risk: Climate change-induced extreme weather events Climate Response

*Banks Brand Value Opportunity: Advancing green and low-carbon operations Short-term

Climate (such as typhoons floods and droughts) may threaten supply

? ? ? ? *Media Institutions and building a sustainable business model help shape a responsible Medium-term

Response chain stability and business continuity potentially resulting in Circular

*Government and brand image and enhance industry influence.asset loss or impairment. Investments related to green transition and Long-term

Regulatory Policy Incentive Opportunity: Expanding green business contributes Economy

such as expanding into emerging markets developing green

Authorities to greater investor recognition lower financing costs and access to

logistics conducting R&D and upgrading equipment often have

*Non-governmental government subsidies green finance and other supportive resources

long return cycles and may increase short-term operating costs.Organizations thereby opening up broader opportunities for sustainable development.Market Risk: An inadequate or poorly implemented environmental

*Employees management system may result in non-compliance with laws

*Customers and regulations leading to administrative penalties disruption of

Business Expansion Opportunity: Continuously improving the

*Suppliers normal operations project approval delays customer attrition and

environmental management system and compliance control mechanisms

*Investors reduced market opportunities.helps ensure stable business operations enhance market access

Environmental *Banks Compliance Risk: Exceeding pollutant discharge limits or Short-term Environmental

capabilities and strengthen customer trust.Compliance ? ? ? ? *Media Institutions failing to meet environmental facility operation standards may Medium-term Compliance

Operational and Cost Optimization Opportunity: Promoting the

Management *Government and result in environmental penalties production suspension legal

digitalization and standardization of environmental management and Long-term Management

Regulatory proceedings and reputational damage.improves management efficiency while reducing operational risks

Authorities Financial Risk: Investments in environmental treatment facilities

and compliance costs.*Non-governmental the establishment of management systems and efforts to meet

Organizations environmental compliance requirements may increase short-term

management costs and resource input.

5 Impact Duration Definition: Short term generally refers to within one year after the end of the reporting period (inclusive); Medium term refers to one to five years after the end of the reporting period (inclusive); Long term refers to more than five years after the end of the reporting period.

Communities

Value Chain

Downstream

Operations

Value Chain

UpstreamAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 15

Scope of Impact

Material Affected Impact Corresponding Location in the

Matter Stakeholders Risks Opportunities Duration5 SDGs Report

*Employees

*Customers Market and Reputational Risk: Inadequate management of

Brand Value Enhancement Opportunity: Improving the environmental

*Suppliers pollutant discharges such as exhaust gas wastewater and solid

management system and ensuring compliance with pollutant discharge

*Investors waste may lead to excessive emissions environmental penalties

regulations enhance the company's green brand image helping to gain

*Banks or compliance violations. This could result in fines production Short-term

Pollutant policy support and market recognition. Pollutant

? ? ? ? *Media Institutions restrictions or suspensions and damage to brand reputation Medium-term

Discharge Operational and Cost Optimization Opportunity: Strengthening Discharge

*Government ultimately affecting long-term sales revenue.pollutant emission control and advancing cleaner production and green and Long-term

and Regulatory Financial Risk: Investments in emission control facilities cleaner

operations help reduce environmental compliance costs and improve

Authorities production upgrades and other environmental initiatives may

resource efficiency.*Non-governmental increase short-term costs and management pressure.Organizations

*Customers Business Expansion Opportunity: Actively advancing circular economy

Market Risk: Insufficient capabilities or practices in resource recycling

*Suppliers initiatives enables us to gain a first-mover advantage in the green supply

may hinder the ability to meet market and customer preferences

*Banks chain market. With policy support and market momentum we can tap

for green products and sustainable supply chains thereby affecting

*Media Institutions into new business growth opportunities enhance revenue drivers and

Circular business expansion and revenue growth in related segments. Medium-term

? ? ? ? *Government and strengthen customer loyalty. Circular Economy

Economy Financial Risk: Promoting resource recycling and green technology and Long-term

Regulatory Operational and Cost Optimization Opportunity: Promoting efficient

upgrades may lead to increased short-term financial costs related

Authorities resource utilization and circular management helps optimize operational

to facility construction material certification and innovation

*Non-governmental processes improve resource efficiency and reduce overall costs thereby

investment.Organizations driving comprehensive improvements in operational quality and efficiency.Business Expansion Opportunity: Optimizing the energy structure

Market Risk: Elevated or highly volatile energy prices may lead to can enhance production stability and strengthen the company's long-

constrained access to key resources and increased product costs term competitiveness. Low-energy-consumption products and services

weakening market competitiveness and potentially resulting in a are attractive to high-value customers that prioritize green supply

decline in sales revenue. chains and environmental responsibility creating more partnership

*Customers Medium-term

Energy Usage ? ? Financial Risk: In the context of energy price fluctuations and stricter opportunities and driving revenue growth. Energy Usage

*Suppliers and Long-term

energy consumption regulations the phasing out of energy-intensive Operational and Cost Optimization Opportunity: Diversifying

equipment energy structure transformation investments in clean energy sources and investing in clean energy help reduce procurement

energy facilities channel development and technology adaptation and carbon emission costs. Energy digitalization and the application

may increase short-term financial costs. of clean energy technologies can improve energy efficiency and lower

operational expenses.

5 Impact Duration Definition: Short term generally refers to within one year after the end of the reporting period (inclusive); Medium term refers to one to five years after the end of the reporting period (inclusive); Long term refers to more than five years after the end of the reporting period.

Communities

Value Chain

Downstream

Operations

Value Chain

UpstreamAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 16

Scope of Impact

Material Affected Impact Corresponding Location in the

Matter Stakeholders Risks Opportunities Duration5 SDGs Report

Market and Reputational Risk: Substandard product quality or service

Brand Value Enhancement Opportunity: Strengthening product

performance may lead to customer complaints returns or compensation

quality management and improving service standards help build

claims damaging the company's brand image. This can result in a loss of

Safety and a premium brand enhance customer satisfaction and loyalty and Safety and

market share and have a direct impact on revenue. 负责任

Quality of *Customers increase brand equity. 12 消费和生产 Quality of

? ? ? ? Compliance Risk: With increasingly stringent national and industry Long-term

Products and *Suppliers Market Development Opportunity: Responsible products and Products and

regulations on product quality and safety companies face additional

Services services boost market competitiveness support entry into high-end

costs related to certification testing and technical upgrades. In the Services

markets expand business boundaries and reinforce the company's

event of a quality or safety incident legal proceedings or administrative

competitive edge.penalties may occur leading to fines and rectification costs.Market Risk: Slow implementation of technological innovation and

uncertainty in the commercialization of R&D outcomes may result in Market Expansion Opportunity: Demand-driven innovation enables

underperformance of new business models or application scenarios us to capture untapped market segments driving revenue growth and

putting pressure on short-term profitability. strengthening customer loyalty.*Employees

Innovation- Compliance Risk: As regulatory oversight of emerging technologies Cost Optimization Opportunity: Technological innovation enhances 产业、创新 Innovation-

*Customers 9 和基础设施

driven ? ? ? continues to tighten failure to meet industry standards or policy supply chain transparency and operational efficiency helping to reduce Long-term driven

*Suppliers

Development requirements may lead to compliance penalties or rectification costs. procurement warehousing logistics and other operational costs.*Investors Development

Technology and Management Risk: Immature management of new Policy Support Opportunity: National support for the development of the

technologies and innovation projects may lead to service interruptions digital economy and green low-carbon supply chains may bring access to

intellectual property disputes and talent turnover increasing the costs of government subsidies or tax incentives.technical maintenance and human resources.Market Development Opportunity: Adhering to responsible sourcing

Market Risk: Failure to adhere to responsible sourcing standards or

Responsible standards and establishing a transparent and compliant supply chain can

? ? ? lack of ESG compliance among suppliers may result in supply chain

Sourcing enhance corporate reputation broaden market access qualifications attract

disruptions threaten business continuity lead to customer attrition and

high-value orders and premium clients and expand business boundaries. 负责任

limit business opportunities. 12 消费和生产

Technology and Digital Transformation Opportunity: Digital procurement

*Customers Reputational Risk: Low supply chain transparency or supplier Medium-

platforms and traceability systems can foster the development of new supply Supply Chain

*Suppliers misconduct may damage brand image weaken long-term customer term and

chain service offerings and generate additional value-added service income. 促进目标实现 Security

*Investors relationships and hinder market expansion. 17 的伙伴关系

Operational and Cost Optimization Opportunity: Strengthening Long-term

Compliance Risk: ESG violations within the supply chain may lead to

Supply Chain supply chain risk management and advancing a diversified and localized

? ? ? legal disputes and increase litigation-related costs. Managing a diverse

Security responsible sourcing strategy can effectively mitigate risks related to price supplier base also raises the complexity and cost of compliance reviews

volatility and supplier dependency support stable business operations and

and supply chain oversight.optimize overall cost structure.

5 Impact Duration Definition: Short term generally refers to within one year after the end of the reporting period (inclusive); Medium term refers to one to five years after the end of the reporting period (inclusive); Long term refers to more than five years after the end of the reporting period.

Communities

Value Chain

Downstream

Operations

Value Chain

UpstreamAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 18

Communications with Stakeholders

Government and Non-governmental

Employees Clients Suppliers Investors Media Institutions Regulatory Bodies Banks Organizations

*Risk Control and

*Employee Compensation

*Responsible Sourcing Compliance *Tax Compliance *Innovation-driven

and Benefits *Tax Compliance *Risk Control and *Energy Usage

*Anti-Commercial Bribery *Communications with *Risk Control and Development

*Occupational Health and *Risk Control and Compliance *Data Security and

and Anti-Corruption Stakeholders Compliance *Social Contributions

Safety Compliance *Anti-Commercial Bribery Customer Privacy

*Data Security and *Equal Treatment to *Supply Chain Security *Complaint Mechanism

*Employee *Occupational Health and and Anti-Corruption Protection

Customer Privacy Small and Medium-sized *Communications with and Whistleblower

Communication Safety *Supply Chain Security *Tax Compliance

Protection Enterprises Stakeholders Protection

*Equal Employment

*Responsible Sourcing

*Employee Feedback

Solicitation

*Employee Training and

Activities *Customer Satisfaction *Information Disclosure of *Online Interaction

*Employee Satisfaction Surveys *Supplier Conferences Listed Company *Social Welfare Activities *Visits and Research *Site Visits

Surveys *Customer Service and *Exhibitions and Industry *Shareholders' Meetings *Information Disclosure of *Engagement in *Site Visits *Company Website

*Employee Feedback and Complaint Resolution Events *Earnings Conference Call Listed Company Policy Formulation and *Online Interaction *Social Media

Complaint Channels *Social Media and *Visits and Research and Webcast *Media Communications Suggestion *Project Cooperation *Industry Activities and

*Workers' Representative Company Publications *Discussions and Training *Investor Surveys *Public Opinion *Government Project *Business Training Social Welfare Activities

Meetings *Exhibitions and Industry *Big Data Monitoring *Investor Hotline/sns. Monitoring Cooperation

*Company WeChat Public Events sseinfo.com Platform *Information Disclosure

Account and Intranet

"Colleague Moments"

Stakeholders Matters of Concern Communication MethodsAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 20

Appointment of Directors and Senior Management Professionalism Board Committees

Attendance

Name Position (Board meetings and Board committee

meetings)

We actively promote the diversification and professionalization corporate management experience with all independent

of the Board of Directors and management team enhancing the directors being seasoned experts in their respective fields.company's governance standards. To ensure the fairness and Additionally over 50% of the directors hold doctoral

Gao Shaoyong

transparency of the nomination and appointment procedures degrees. The professionalism and diversity of the board (Male) Chairman 52 ? ? ? ? ? ? 100%

for directors and senior management our Company's Articles members provide vital assurance for the board's informed

Cai Yingbin

of Association and the Nomination Committee Implementation decision-making. (Male) Vice Chiarman and CEO 45 ? ? ? ? ? ? 100%

Rules clearly define the nomination and election processes.The Nomination Committee is responsible for advising Our senior management team boasts expertise in diverse Xu Xiaoxi (Male) Director 55 ? ? ? ? ? ? ? 100%

the Board on matters concerning the composition of the fields such as economics accounting and business

Xiao Wei

Board and the appointment criteria for directors and senior administration with extensive experience in corporate (Male) Director 59 ? ? ? ? ? ? 100%

management considering diverse factors such as gender management financial management and risk management. Zeng Yuan

age educational and professional backgrounds experience Additionally our senior management team includes two (Male) Director 43 ? ? ? ? ? ? ? 100%

character reputation and other service roles. Our independent female executives accounting for 28% of the team. Zhang Wenna

(Female) Director 45 ? ? ? ? ? ? ? 100%directors provide independent and unequivocal assessments

of the legality and compliance of procedures related to We attach great importance to the continuous improvement Liu Feng

(Male) Independent Director 58 ? ? ? ? ? ? ? 100%the nomination or dismissal of directors as well as the of the capabilities of our directors supervisors and senior

appointment or dismissal of senior management and express management. We regularly provide them with the latest Dai Yiyi Independent Director 57 ? ? ? ? ? ? 100%

their opinions after assessing these procedures. Director regulatory rules revised or issued by the China Securities (Male)

candidates are presented to the shareholders' meeting for Regulatory Commission and stock exchanges for their study. Peng Shuijun Independent Director 49 ? ? ? ? ? 100%

voting after the approval of the Board of Directors while senior At the same time we actively organize training sessions (Male)

management are appointed upon approval by the Board of for directors supervisors and senior management hosted Liu Zhitao Executive Vice President 44 ? ? ? ? /

Directors. by stock exchanges securities regulatory authorities (Male)

associations and external organizations. These training Fan Dan Vice President and

sessions cover various new regulations and topics such as (Female) Board Secretary

51????/

Diversity and Professionalism

the reform of the independent director system new duties Yu Lijie

(Female) Vice President and CFO 49 ? ? ? ? /

The Board of Directors consists of nine members with for independent directors and special training on mergers

diverse gender and age representation encompassing and acquisitions and restructuring of listed companies Wang Xiaofeng

(Male) Vice President 54 ? ? ? ? /

various professional backgrounds including economics aiming to continuously improve the company's standardized

law management finance and accounting. Among them operations. During the reporting period we organized Wang Yongqing

(Male) Vice President 44 ? ? ? ? /

there are three independent directors and one female training for directors supervisors and senior management

director. Board members possess extensive industry and with 36 participants joined the training sessions.Rong Kunming

(Male) Vice President 38 ? ? ? ? /

Audit Committee

Nomination Committee

Budget Committee

Remuneration and

Appraisal Committee

Risk Control

Committee

Strategic and Sustainable

Development Committee

Financial Accounting

Risk Control and

Compliance

Operations

Management

Industry Experience

AgeAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 22

Related-party Transaction To regulate related party transactions we have established the "Related Conflicts of Interest According to the provisions of the Company's Articles of Association

Party Transaction Management System" which clearly defines the types of directors supervisors and senior management owe a duty of loyalty to the

related transactions pricing principles decision-making procedures and company. Without the consent of the shareholders' meeting they are not

information disclosure requirements. We strictly comply with relevant laws allowed to exploit their positions for their own or others' benefit by seeking

and regulations and the "Related Party Transaction Management System" in business opportunities that rightfully belong to the company or engaging

executing the approval process for related transactions. Before submission in self-operated businesses or similar ventures to those of the company.to the Board of Directors for review independent directors hold dedicated Directors supervisors and senior management are obligated to report

meetings to provide their opinions. Related parties are required to abstain any situations where their interests conflict or may potentially conflict

from voting during the deliberation processes of Board and shareholders' with those of the company. They must follow relevant laws regulations

meeting deliberation processes to ensure that related transactions are and internal policies to ensure that their ability to perform their duties is

conducted fairly justly openly and equitably fully protecting the interests of not compromised by any conflicts of interest arising from other positions

minority shareholders. activities or relationships.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 23

Investor Relations We fully respect and treat all investors equally. We have established the "Investor Relations Management System" and strictly adhere to relevant laws and regulations as well as internal management

systems such as the "Information Disclosure Affairs Management System" and "Corporate Bond Information Disclosure Affairs Management System." We have established effective communication

channels that satisfy requirements such as the scope and timing of information disclosure outlined in the aforementioned systems. We have also implemented strict confidentiality mechanisms and

fulfilled our information disclosure obligations through appropriate channels. This ensures that company information is disclosed truthfully accurately completely timely and fairly to investors and

other relevant stakeholders enabling them to timely understand the company's situation and safeguarding their rights and interests.We have established an investor relations management mechanism to enhance communication with investors through diverse channels fostering a better understanding of our company and ensuring

that investors can fully exercise their rights. Our Securities Affairs Department as the dedicated investor relations management unit is responsible for handling the daily operations of investor relations.During the reporting period we received an A-class rating from the Shanghai Stock Exchange for 2023-2024 information disclosure and were recognized by the China Association for Public Companies

(CAPCO) as the "Best Practices for 2023 Annual Report Performance Presentation. " Additionally our Securities Affairs Department was awarded "2024 Best Practices of the office of BOD of Listed

Companies " by CAPCO.A-class rating from

the Shanghai Stock Exchange for

2023-2024 information disclosure

Investor Hotline and Email: Institutional Investor Meetings: Earnings Presentations and Investors Corporate Public Accounts and Media

Best Practices Reception Days: Promotion:

for 2023 Annual Report

Performance Presentation

We ensure the investor hotline remains In 2024 we participated in over 200

accessible promptly responding to online and offline meetings with In 2024 we took part in the Xiamen regional We actively promote and report on

inquiries and suggestions from minority institutional investors. investor group reception day events company business developments and

investors. A total of 42 questions from held three earnings presentations and key projects through our corporate

2024 Best Practices of the

minority shareholders have been answered three earnings conference calls and were public accounts official media and

office of BOD

of Listed Companies on the E-Interaction platform. recognized as the "Best Practices for 2023 major financial media platforms. We

Annual Report Performance Presentation." use infographics and short videos to

communicate key insights from our annual

report and sustainability report adopting

multiple channels to convey company

value and enhance brand influence.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 29

Physical Risk Assessment Physical Risk Management

20302050

Current Physical Risks Impact Period Mitigation Measures

Climate-related Risks

State

SSP1-1.9 SSP5-8.5 SSP1-1.9 SSP5-8.5 Establish a comprehensive emergency management

Floods and Typhoons mechanism formulate emergency plans take

Floods and Typhoons The destruction of urban infrastructure corresponding measures according to different levels Short-term Medium-

The destruction of urban infrastructure and impact on human welfare and of warnings; regularly conduct emergency drills to term and Long-term

and impact on human welfare and health health especially in coastal cities and enhance the ability to respond to floods and typhoons;

especially in coastal cities and residential residential areas. ensure that the company's equipment and buildings

areas. can withstand the impact of super typhoons.Biodiversity Loss and Habitat Displacement Biodiversity Loss and Habitat Displacement Take sustainable development actions and advocate

Risks of degradation in marine coastal and Risks of degradation in marine coastal and for green action concept of "Inclusive participation

Medium-term and

terrestrial ecosystems including the loss of terrestrial ecosystems including the loss of co-creation and shared benefits" to jointly protect

Long-term

biodiversity functionality and protective biodiversity functionality and protective the ecosystem and achieve harmonious coexistence

services. services. between humans and nature.Sea Level Rise

The loss of human and natural systems Sea Level Rise

in low-lying coastal areas reduction in The loss of human and natural systems

coastal fisheries resources decrease in Medium-term and Monitor meteorological and oceanic changes to in low-lying coastal areas reduction in

precipitation and rise in temperatures. Long-term promptly adjust response strategies.coastal fisheries resources decrease in

precipitation and rise in temperatures.Extreme Heat

The increase in temperature and the

extreme heat impose stress and lead to Extreme Heat Monitor temperature conditions and provide employees

deaths with an increase in heat-related The increase in temperature and the with health and safety protection in high-temperature

mortality and morbidity rates among extreme heat impose stress and lead Short-term Medium- working environments; upgrade equipment with heat-

both humans and wildlife. Food and to deaths with an increase in heat- term and Long-term insulating materials to enhance heat resistance and

water security are at risk. related mortality and morbidity rates conduct regular maintenance to proactively address

among both humans and wildlife.extreme heat risks.Food and water security are at risk.Droughts

Freshwater scarcity with a decrease in

surface water supply for irrigation in

agriculture and other human purposes. Droughts Advocate for water conservation concept promote water-

Freshwater scarcity with a decrease Short-term Medium- saving appliances and technologies and encourage all

in surface water supply for irrigation in term and Long-term parties to take effective measures to reduce water waste

agriculture and other human purposes. and improve water use efficiency.Extreme Low Impact Low Impact Medium Impact High Impact Extreme High ImpactAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 30

Transition Risk Management

Transition Risks Impact Period Mitigation Measures

Transition Risks

Focus on key domestic regions of east west south north and central while

accelerating overseas market expansion and strengthening international outreach

efforts to build a dual-circulation development framework that integrates domestic and

international markets. Promote innovation in business models enhance penetration

We combine the Net Zero Emissions by 2050 Scenario (NZE) and the Stated Short-term Medium-term across the entire industrial chain and continuously build core competencies such

Geopolitical conflict

Policies Scenario (STEPS) within the IEA scenario model to assess the and Long-term as investment and operations across the upstream and downstream of the industrial

chain key account management and one-stop services. Leverage integration

transition risks and opportunities for the company's development under capabilities of resource to deepen presence throughout the industrial chain and

climate change. Corresponding strategies are formulated to enhance the maintain close mutually supportive and trust-based strategic cooperation with

strategic resilience of the company and achieve sustainable development. industry chain clients.According to the IEA's "World Energy Outlook" (WEO): Under Net Zero

Emissions by 2050 (NZE) Scenario the global energy-related carbon Adhere to the concept of green development formulate net zero strategies and

emission reduction targets actively practice carbon reduction actions. Contribute to

emissions reach net zero by 2050 limiting the rise in global temperatures Pressure from GHG emission Medium-term and Long-term the low-carbon or decarbonization development of the industry chain by implementing

reduction policies

to 1.5° C. Under the Stated Policies Scenario (STEPS) which considers only technology innovation researching and developing iterative digital products while

reducing greenhouse gas emissions generated by our own operations.specific policies already enacted or announced by governments annual

carbon emissions from energy and industrial processes will increase from 34

gigatonnes in 2020 to 36 gigatonnes in 2030 remaining at roughly the same

level until 2050. If emissions continue along this trajectory and non-energy-

Leverage global resources and distribution channels professional and effective risk

related greenhouse gas emissions follow a similar trend the temperature management capabilities and a 5A-grade logistics distribution network vertically

will rise by approximately 2.7℃ by 2100 (with a 50% probability). By 2050 Growing market demands for Short-term Medium-term expand the industry chain upstream and downstream and horizontally enrich supply

sustainable products and services chain service to provide customers with customized integrated supply chain service

the share of renewable energy in global electricity generation will be close and Long-term solutions. Continuously enhance the innovation vitality of the industry chain and

to 55%. facilitate business growth.Continuously advance digitalization strategy by innovating with technology

researching and developing iterative digital products empowering the industry chain

Demands for clean technology

Medium-term and Long-term to achieve green transformation. Accelerate expansion into new fields such as new

innovation and energy transition

energy new materials information technology and life sciences. Actively explore new

energy materials business such as cobalt and lithium.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 32

GHG Types GHG Emissions

Seven types of greenhouse gases: carbon dioxide (CO2) methane (CH4) nitrous oxide (N2O)

hydrofluorocarbons (HFCs) perfluorocarbons (PFCs) sulfur hexafluoride (SF6) and nitrogen trifluoride (NF3).Greenhouse gas emissions Ratio of Scope 1 to Scope 2 GHG emissions

Emission Factors

CO2 308043.93

Direct greenhouse gas emissions

For different emission sources under Scope 1 and Scope 2 we select appropriate emission factors for GHG tCO2e

tCO e

emissions calculation based on the 2006 IPCC Guidelines for National Greenhouse Gas Inventories the 95209.19 2

General Rules for Calculation of the Comprehensive Energy Consumption (GB/T 2589-2020) and the 2022 30.91%

electricity emission factor released by the Ministry of Ecology and Environment.The greenhouse gas emission intensity

Energy indirect greenhouse gas emissions

GHG Emissions Management 86.91tCO2e/per hundred million RMB 212834.74tCO2e

Scope 1: Direct Emissions Scope 2:Indirect Emissions

69.09%

Unit：tCO2e /hundred-million RMB

of operating revenue

Unit：tCO2e

300000.0086.9190

242920.21

80 GHG Emissions in 2024

250000.0076.26

212834.74 70 Category 2022 2023 2024

200000.00183283.1460

Scope 1: Direct Emissions

50 （Unit：tCO e） 63177.34 114173.40 95209.19

150000.0047.222

114173.4040

95209.19 Scope 2: Indirect Emissions

100000.00 30 （Unit：tCO e）

183283.14242920.21212834.74

2

63177.34

20 Total

50000.00 （Unit：tCO e） 246460.48 357093.61 308043.93 2

10

GHG Emission Intensity

2022 2023 2024 (tCO2e /hundred-million RMB of operating revenue)

47.22 76.26 86.91About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 33

Energy Usage During the reporting period our total energy consumption was Energy Structure

approximately 95048.16 tons of coal equivalent. In terms of energy

Electricity Natural Gas

consumption structure electricity and marine fuel accounted for

the largest share making up approximately 85.07% of total energy 43.48% 1.64%

consumption. Regarding greenhouse gas emissions from energy Marine Fuel Gasoline

consumption emissions from electricity consumption were the 41.59% 0.65%

most significant accounting for 58.57% of the total greenhouse gas

emissions generated from annual energy consumption. Steam Liquefied Petroleum Gas

9.39%0.01%

Diesel Thermal Coal

3.24%0.00%

Total comprehensive Total comprehensive Total comprehensive

Energy consumption

Energy Consumption Energy Consumption Energy Consumption energy consumption energy consumption energy consumption

Energy Type percentage (%) in

in 2024 in 2023 in 2022 (tons of coal (tons of coal (tons of coal

2024

Our total energy consumption equivalent) in 2024 equivalent) in 2023 equivalent) in 2022

was approximately

Electricity(kWh) 336257778.45 342095277.67 271331451.20 41326.08 42043.51 33346.64 43.48%

95048.16 Marine Fuel（t） 27688.49 28432.67 / 39527.21 40618.91 / 41.59%

tons of coal equivalent

Steam（t） 94244.71 139112.81 74541.45 8924.97 13173.98 7059.08 9.39%

Electricity and marine fuel accounted Diesel（L） 2457662.26 8156804.16 8346273.39 3079.71 10221.35 10458.76 3.24%

85.07% Natural Gas（m3） 1180465.38 1169092.15 / 1570.02 1554.89 / 1.64%

Gasoline（L） 571693.83 433068.61 / 614.07 465.17 / 0.65%

Liquefied PetroleumEmissions from Electricity Consumption Gas(kg） 3560.60 11120.10 4268.80 6.10 19.06 7.32 0.01%

58.57% Thermal Coal（t） 0 10007.03 8012.84 0 7148.02 5723.57 0.00%

Total 95048.16 115244.89 56595.37 100%About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 34

GHG Emission Reduction Actions

Designing Sustainable Products "ITG Carbon Chain" Smart Energy and Carbon Management Platform

We integrate digital-intelligent products with green development and full The "ITG Carbon Chain" Smart Energy and Carbon Management Platform is built on the Zero-Carbon Industrial Internet Platform independently developed by Xiamen

product lifecycle concepts into our integrated supply chain services through Keerun OCSMARTER a subsidiary of our company. It can collect multi-dimensional energy and carbon emission data in real-time construct energy and carbon emission

technological innovation providing comprehensive industrial services models and enable smart energy and carbon management across various scenarios. It provides technological support for efficient carbon accounting and precise energy-

for upstream and downstream partners. This not only effectively reduces saving and carbon-reduction efforts. "ITG Carbon Chain" offers an effective solution for balancing environmental and economic benefits within the supply chain and

greenhouse gas emissions from our own operations but also contributes to the industry chain. By leveraging mature carbon management solutions it drives production process optimization reduces production costs improves resource utilization

low-carbon or decarbonized development of the industry chain. efficiency and achieves a comprehensive transformation toward carbon neutrality thereby enhancing industry competitiveness and sustainable development capabilities.In carbon emission management the "ITG Carbon Chain" helps users identify their primary sources of carbon emissions consolidate and analyze carbon footprint data

and generate an overall carbon management overview. In energy management "ITG Carbon Chain" collects data on various energy sources including electricity heat

cooling oil gas and water enhancing enterprises' digitalization and precision in energy management. Currently the "ITG Carbon Chain" Smart Energy and Carbon

Management Platform has been applied to multiple projects and business scenarios including the Keerun Tire (Rizhao) and Zhonghong Kelun Pharmaceutical Factory."ITG Carbon Chain" Smart Energy and Carbon Management Platform Applied to Carbon Emission Statistics at "ITG Carbon Chain" Smart Energy and Carbon Management Platform Carbon Emission Management Dashboard at "ITG Carbon Chain" Smart Energy

Energy Consumption Statistics in Factory and Carbon Management PlatformAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 39

1.2 We respect international agreements such as the "United Nations Conference on the Human Environment" and the "United Nations Framework Convention on Climate Change" and strictly observe relevant environmental protection laws and regulations including the "Environmental Protection Law of the People's Republic of China" the "Law of the People's Republic of China

on the Protection of Wildlife" and the "Regulations of the People's Republic of China on Wild Plants Protection." We have developed an "Environmental Protection Policy" and continuously

Ecosystem and improve our full-cycle environmental management system. We incorporate ecological and environmental impact factors into our scientific assessment and decision-making processes

throughout stages of project investment planning design development construction and operational management. We avoid carrying out activities that could damage ecological functions

Biodiversity Protection in important ecological protection areas such as World Heritage Sites and areas listed on the IUCN Red List of Threatened Species and nearby areas. We are committed to safeguarding the

ecological security and biodiversity of the regions where we operate.[Highlight] ｜ Slope Greening of Mining Area in Chuanbi Island

Ningbo Zhencheng Mining a subsidiary of our company sticks to the development philosophy of "Safety Environmental

Protection Green and Efficiency." In the Chuanbi Island mining area the company has fully promoted slope greening and

ecological restoration to ensure coordinated development between mining operations and the ecological environment.The company has developed a systematic management plan based on the geological conditions of the mining area and

implemented phased slope ecological restoration measures ensuring the sound results and long-term stability of the efforts.In the vegetation restoration process the company has selected herbaceous and shrub plants with well-developed root

systems that are adapted to local growth conditions. By optimizing the hydroseeding mixture the company has improved

plant survival rates promoted ecosystem restoration and enhanced slope stability.As of December 31 2024 the Chuanbi Island mining area has completed greening over an area of 64000 square

meters achieving a vegetation coverage rate of 85%. Soil erosion in the mining area has been effectively controlled and

the ecological functions are gradually recovering with biodiversity showing a positive development trend. Additionally the

company has established a long-term ecological monitoring mechanism regularly conducting evaluations of slope stability

vegetation growth and soil and water conservation effectiveness to ensure the long-term stability of the restoration and

Mining Area in Chuanbi Island

remediation results.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 40

[Highlight] ｜ Recycling of Sand Washing Wastewater in Mining Area

We consistently adhere to a green development and sustainable Our subsidiary Ningbo Zhencheng Mining is promoting the efficient recycling of sand washing wastewater

1.3 business strategy strictly complying with water resource protection to enhance water resource utilization. This initiative aims to increase water resource utilization reduce

laws and regulations such as the "Water Law of the People's the consumption of fresh water and minimize environmental impact. The company has established a

Water Resources Republic of China" and the "Water Pollution Prevention and Control comprehensive wastewater collection and reuse system. All sludge and wastewater are collected and processed Law of the People's Republic of China." at the sewage treatment plant before being reused in wet processing and dust suppression operations.Conservation Wastewater generated from cleaning workshop floors and equipment is collected through open channels and In our business operations we rely on modern data monitoring and sent to the sewage treatment plant. After treatment the water is reused. Domestic wastewater is also treated

intelligent management methods to improve our water resource by the existing sewage treatment facilities in the mining area and is then used for production purposes further

management system ensuring the efficient utilization and scientific reducing emissions. The project processing lines are surrounded by drainage ditches and initial rainwater

allocation of water resources. We focus on risk control and refined is treated in a sedimentation tank before being reused in the production process. Additionally the company

operations continually advancing upgrades of water-saving has installed automatic car wash machines in the washing station utilizing water recycling technology for

technology and optimizing management processes to effectively efficient water reuse. The gantry car wash machine alone saves approximately 12000 tons of water annually

reduce the negative impact of our production activities on the reducing water consumption and improving washing efficiency while also reducing dust pollution on site. In

water ecological environment thereby fulfilling our environmental 2024 the total water consumption of the mining area was 1079665 tons with 647799 tons of sand washing

responsibilities. wastewater being reused achieving a water resource recycling rate of 60%.In our daily operations we promote the application of water-

efficient equipment implement classified management for water

usage in offices commercial spaces and residential areas and

prioritize the incorporation of high-efficiency water-saving facilities

during the planning phase of new and renovation projects. The ITG

Center headquarters of our company is a prime example which

follows a sustainable design concept and has received a national

two-star green building certification. It fully integrated requirements

for energy conservation water saving and material reduction from

the initial design stage configuring a high-standard HVAC system

and a rainwater collection and reuse network achieving significant

water-saving results.Ningbo Zhencheng Mining Automatic Car Wash MachinesAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 42

environmental authorities' automated monitoring system showed that in 2024 the plant's average daily concentration of key

air pollutants (non-methane hydrocarbons) was 0.64mg/Nm3 significantly below the permitted limit of 10mg/Nm3 with no

We strictly adhere to the "Air Pollution Prevention and Control Law

recorded exceedances.of the People's Republic of China" "Water Pollution Prevention

1.5 and Control Law of the People's Republic of China" "Soil Pollution Keerun Tire (Dezhou) adopts a combination of activated carbon adsorption and filter cotton to treat stationary source

Prevention and Control Law of the People's Republic of China"

emissions effectively reducing exhaust emissions. The company engages a qualified third-party testing agency to conduct

Pollutant Discharge "Law of the People's Republic of China on the Prevention and comprehensive testing of stationary source emissions (including total non-methane hydrocarbons) and fugitive emissions Control of Noise Pollution" "Law of the People's Republic of China

(including total non-methane hydrocarbons particulate matter etc.) and to issue testing reports.on the Prevention and Control of Environmental Pollution by Solid

Wastes" and other relevant laws and regulations of the operating

regions. We have developed an "Environmental Protection Policy"

to strictly control the generation and discharge of wastewater waste

gases noise and solid waste during production and operations

minimizing the environmental impact of our business activities.Waste Gas Management

The air pollutants generated during our production and operations primarily include non-methane hydrocarbons suspended

particulate matter nitrogen oxides and sulfur oxides. These emissions mainly originate from the rubber mixing and

vulcanization workshops of our subsidiaries Keerun Tire (Dezhou) and Keerun Tire (Rizhao) during processes such as rubber

mixing bead manufacturing cord calendering belt layer production sidewall and tread extrusion and tire vulcanization.Waste Gas Treatment Facilities in Keerun Tire Air Pollution Control Facilities in Keerun Tire (Dezhou)

(Rizhao)

Keerun Tire (Rizhao) strictly adheres to national and local environmental regulations being a key environmental supervision

unit in Rizhao Shandong Province in 2024 The plant has 14 air pollutant discharge outlets with major outlets equipped with The Main Air Pollutants of Keerun Tire (Rizhao) in 2024:

automated monitoring systems that transmit real-time data to local environmental authorities ensuring transparency and

regulatory compliance. Permitted

Emission Daily Average Permitted Emission Annual

The plant employs advanced treatment technologies to enhance air pollution control including baghouse filtration cotton Category Tested Item Emission Emission ExceedanceMethod Concentration Concentration Volume (tons) Emission

filtration electrostatic oil removal zeolite adsorption CO catalytic combustion and a combination of SNCR denitrification Volume

multi-tube wet dust removal and desulfurization towers. During the reporting period the company engaged a certified third-

Waste

party agency for monthly air quality testing to ensure compliance with national and local emission standards. Data from the Gas NMHCs After- treatment 0.64mg/Nm3 10 mg/Nm

3 None 0.07347 /AAbboouutt T Thhisis R Reeppoorrtt M Meessssaaggee f frroom t thhee C Chhaairirmaann B Brraanndd P Phhiliolossoopphhyy M Maannaaggeemeenntt o off M Maatteerriaial lM Maattteerrss C Coommuunnicicaattioionnss w witithh S Sttaakkeehhooldldeerrss S Suussttaaininaabbiliiltityy--RReelalatteedd G Goovveerrnnaannccee E Ennvviironment Society Governance IIndex 46

Green Development of We integrate industry chain resources to provide comprehensive one-stop supply chain services for industrial Utilization of Used Cooking Oil

clients transforming the linear "forest-pulp-paper" supply chain into a networked service system to foster the

the "Forest-Pulp-Paper" green and high-quality development of the forest-pulp-paper industry.Industry Used Cooking Oil (UCO) is primarily derived from waste oils and fats from the

kitchen and restaurant. As a feedstock UCO can be converted into biodiesel or

other renewable fuel sources significantly reducing harmful emissions such as

sulfur dioxide and particulate matter during combustion. This contributes to

improved air quality and lower greenhouse gas emissions.We engage in the clean energy sector managing UCO (Used Cooking Oil) and

supplying it to biodiesel plants which promotes resource recycling while

reducing the negative environmental impact of kitchen waste oils.Sustainable Wood Procurement Green Pulp Alternative Utilization of Renewable Resources

In the upstream industry we prioritize the In the midstream industrywe engage In the downstream industry we strengthen

procurement of sustainable wood such in the trade of chemi-mechanical pulp cooperation with paper mills and recycling

as plantation forests in New Zealand and which offers higher fiber utilization stations to develop recycled paper and

planned reforestation projects in Europe and generates only one-quarter of the reclaimed wood fiber businesses for

and North America. These certified or pollutants compared to traditional applications such as cardboard and

well-managed forests follow ecological chemical pulping methods. We supply cat trees advancing circular resource

logging plans ensuring timely replanting bagasse pulp and bamboo pulp for utilization. During the reporting period Promotion of Green Fiber Materials

and regeneration. We also collaborate molded fiber products promoting we sold over 1.9 million tons of recycled

with major wood processing suppliers plastic substitution to reduce plastic finished paper reducing deforestation We operate in the Lyocell fiber business a green fiber derived from renewable

to maximize resource efficiency through production and usage. By strategically by approximately 19.65 million trees and wood sources such as eucalyptus and pine through physical dissolution and

optimized production and grading thereby investing in green pulp markets we protecting around 1141 square kilometers a closed-loop production process. Its manufacturing process uses the non-

contributing to forest conservation. support the molded fiber industry with of forest. toxic organic solvent NMMO (N-Methylmorpholine-N-Oxide) which can be

bagasse pulp sourced from sugarcane repeatedly recycled achieving near-zero pollution emissions. Lyocell combines

waste minimizing tree felling. the moisture-wicking breathability and softness of natural fibers with the

strength and drape of synthetic fibers. It is also fully biodegradable earning it

the reputation of being the "green fiber of the 21st century. " As an eco-friendly

choice for the fast fashion industry Lyocell is widely used in apparel home

textiles and other fields.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 54

R&D and Innovation Support

We focus on customer-centricity and a full-industry chain operation

2.2 We have established the ITG Supply Chain Industrial At the company level we have formed an R&D Coordination innovating and upgrading the "three-chain integration" strategy Research Institute as a new platform for integrated supply Leadership Group responsible for leading overseeing and

of supply chain industry chain and value chain. By focusing on chain research and development. The institute focuses on guiding R&D collaboration efforts regularly monitoring

Innovation-driven key terms such as "connecting the global chain empowering combining supply chain practice with theoretical research progress and results. At the operational level we establish with digital intelligence green and low-carbon high value-added and application. The Research Institute by efficiently specific R&D collaborative work groups based on practical

Development services and high-level opening up" we drive innovation through connecting internal and external resources continuously needs to handle tasks such as R&D consultation thematic business model changes technological advancements and enhancing research and development capabilities and research and other daily R&D activities. As the R&D

digital intelligence. Our aim is to create customized integrated optimizing the R&D service system focuses on creating coordination management department the institute

supply chain service solutions consolidating extensive and specialized refined distinctive and innovative R&D products continuously improves the R&D system coordinates and

multidimensional resources for partners across the industry chain. and services. This will empower business development to guides R&D activities across departments and subsidiaries

This will enhance the quality and efficiency of the industry chain improve quality and efficiency support the advancement of and ensures the efficient sharing and allocation of R&D

empower upward development and ecological collaboration build our international strategy cultivate new growth drivers for resources. We continue to enhance our comprehensive

a resilient foundation for the industry and society and create and the future and generate practical benefits for the company's research and analysis of international new markets emerging

nurture new industry value. "three-chain integration" transformation and upgrade industries and new business models deepening research

contributing to high-quality development. in emerging fields and upgrading traditional industries thus

supporting business and investment decision-making.To strengthen internal and external collaboration among

R&D functions and drive the development of our R&D During the reporting period our total R&D investment

innovation support strategy along with business and amounted to 86.91million RMB accounting for 0.03%

2024 Management Goals Completion Status

investment expansion we have established a collaborative of the main business revenue. As of the end of the

R&D management mechanism. This aims to promote reporting period the number of R&D personnel was 171

Continue to advance technological innovation and digital development with

1 resource integration and the sharing of R&D achievements. representing 2.47% of the total number of employees.the addition of no less than 30 new intellectual property rights and research and

development investment of no less than 50 million RMB throughout the year.No incidents of infringing on others' intellectual property rights occurred

2

throughout the year.Our total R&D investment amounted The number of R&D Total number of employees

Completed In Progress 86.91 171 2.47%

million RMB personnelAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 56

Technological Innovation [Highlight] ｜ Innovation in Surgical Stapler Products

We regard technological innovation as a key driving force continuously investing Under the health technology business Panther Medical as a representative domestic brand of staplers continues to Panther Medical

in the exploration and development of new products and technologies. Through increase R&D investment and leverage its technological advantages achieving continuous technological innovations Domestic authorized

invention patents

research and development we consistently expand our product lines enhance in stapler products. Panther Medical's R&D has developed an intelligent endoscopic stapler that integrates electric

our market presence and empower business services contributing to the operation and advanced functional modules ensuring precise stapling while significantly enhancing the reliability of 3piece

optimization and efficiency of the industrial chain. clinical applications. During the reporting period Panther Medical successfully developed the next-generation fully

electric intelligent stapler and fully launched the national key R&D plan "Domestic Innovative Medical Electric Stapler

Application Demonstration Project." The company obtained 3 domestic authorized invention patents 1 U.S. patent U.S. patent

and 1 European patent and was recognized in the MDI-China "2024 Top 100 in R&D Comprehensive Strength" and

"Top 50 in Medical Consumables R&D Strength." piece

[Highlight] ｜ Innovation in Handheld Laser Mapping Technology 1

European patent

In volumetric measurement of large outdoor bulk stockpiles we

piece

have achieved fast and accurate volume measurement by adopting 1

handheld LiDAR technology and generating high-precision 3D

models using laser point clouds. Leveraging handheld laser

mapping technology we have successfully overcome the challenges

of measuring the volume of bulk materials both indoors and in

outdoor conical piles. This technology efficiently meets the rapid

measurement needs of bulk stockpiles in various indoor and outdoor

scenarios. Moreover we have extracted critical insights such as cargo

classification and inventory tracking by assessing vast amounts

of scanned data. This data-driven approach provides intelligent

decision-making support for warehouse management significantly

improving efficiency and accuracy in storage operations.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 62

Safety and Quality of We uphold the mission of "Integrate Industry to Connect Create Value to Share." and the core values of Customer Service

"Leadership Responsibility Hardworking Partnership." We focus on our core business of supply chain

Products and Services management while actively expanding into emerging health technology sectors.We adhere to a customer-centric approach by strengthening credit and risk

management through policies such as the "Interim Measures for Customer

Negative List Management" and the "Grey List Management Handbook" thereby

enhancing our customer management system. We have established transparent

appeal channels and efficient resolution processes covering business liaison

management communication risk control coordination and documentation

support. Additionally we provide publicly accessible contact numbers email

addresses and a Chairman's mailbox to ensure service quality guaranteeing

that customer complaints and feedback receive timely responses and proper

Supply Chain Management: Health Technology: resolution thereby fully safeguarding customer rights.The supply chain management business is our key pillar We integrate resources through an innovative development model

consistently maintaining its position in the top tier of the industry. and leverage technology to empower our business establishing

We operate eight vertical industry chains—metallurgy energy & a "1+3" healthcare sector framework. This focuses on medical

chemicals textiles non-ferrous metals pulp & paper agricultural devices as our core business while supporting three key industries:

products rubber and new energy—along with universal solutions elderly care services healthcare big data and health services.represented by logistics and digital technology. Through our Relying on five capability centers we are building a comprehensive

"ITG Solutions" comprehensive industry services we provide healthcare ecosystem that connects enterprises society and

integrated support to our clients. We have pioneered the "Three- government. Our main business covers the distribution and servicing

Chain Integration" strategy combining supply chains industrial of medical devices while we actively expand into R&D manufacturing

chains and value chains to drive continuous business evolution and sales and drive the expansion of the healthcare industry through

Responsible Marketing

and sustained value creation. strategic mergers and acquisitions. In response to the government's

call to "proactively address population aging" we are also developing

the elderly care industry providing integrated medical elderly care We strictly comply with relevant laws and regulations and have established the

rehabilitation and nursing services to enhance the quality of life for "News and Publicity Management Measures" and the "New Media Management

seniors. Measures." Adhering to the principles of "review before publication" and "case-

by-case approval" we implement a stringent "three-tier review system" for

publicity content. We are committed to disseminating truthful accurate and

ethically sound information to enhance the market influence of our corporate

brand.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 64

Information Security Risk Management Regularly conducted network security inspections to promptly

Regularly conduct data center and equipment inspections:

identify and assess network security risks:

We collect feedback and opinions from employees on the implementation of

information security management systems through surveys interviews and Daily security checks based on alerts from the "Security Situation Quarterly collaborate with security service vendors to conduct security

other methods. We also regularly invite external independent cybersecurity Awareness System" investigating and handling suspected equipment inspections.experts to review and assess the rationality and effectiveness of the network compromised hosts and abnormal attacks. Monitored the tamper-

security management system strengthening information security management. proof status of vulnerable portal websites and submitted daily security At least once per quarter perform configuration backups of security

We enhance network security risk assessment monitoring and response inspection reports. equipment to ensure the safety of configuration data.through the following regular management measures to ensure information

security: Weekly we commissioned security service vendors to assist with on-

site inspections of risk issues identified by the "Security Situation

Awareness System" and optimized improvements based on their Regular IT audits:

suggestions.Bi-weekly performed WEB vulnerability scans on externally exposed Commission external organizations to carry out IT audits. The audit

websites' URLs. High-risk vulnerabilities were promptly addressed to items include checking the account permissions password policies

prevent exploitation that could lead to network intrusions and data backup strategies and data recovery testing for the company's major

leakage. information systems; the effectiveness of key security management

devices or software and their self-inspection and inspection results; the

Quarterly conducted host security vulnerability scans addressing reporting and handling of information technology faults or issues; and

medium and high-risk vulnerabilities and regularly followed up on the execution and effectiveness of information security emergency plans.Conducted information system security assessments and optimized

vulnerability resolution progress.the information system security protection system:

Every year we regularly commission external security service vendors

In 2024 we completed security assessments for 14 systems including the Conduct network security protection during key annual periods:to conduct red team testing on our company's internet application

Project Management System Financial Shared Center Health Technology websites. By simulating hacker behaviors and techniques penetration

and Elderly Care System and Business Overview Table System. testing is carried out to identify security vulnerabilities and

During the 2024 Spring Festival National People's Congress and

weaknesses within the internet application systems. This helps assess

Conducted classified protection assessments for the Security Chinese People's Political Consultative Conference sessions May Day the security and defense capabilities of the systems. Any medium

Management Platform and the Phosphorus Source Smart System of Dragon Boat Festival Mid-Autumn Festival China International Fair for to high-risk vulnerabilities identified are promptly addressed and

Hubei Guofa and fixed the issues identified during the assessment. Investment & Trade Cybersecurity Protection Campaign and National repaired ensuring the stable and secure operation of the systems.Day holidays we activated the Sangfor Technologies's Managed Security

Service and commissioned security service vendors for on-site duty.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 65

Organize irregular emergency drills to ensure a swift and effective response in the event of information security incidents: Establish reporting and feedback channels:

We organized emergency drills for several application systems including the company's paperless archiving system North-South system email security gateway

Encourage employees to report or provide feedback on any

and financial shared services center.information security issues to their direct supervisors or the

Digital Management Department and monitor internal employee

Conduct emergency drills for Sangfor Technologies export firewalls H3C core switches and H3C authentication systems and promptly address any issues

feedback on network security risk issues daily.identified during the drills.Regularly conduct information security training to continuously strengthen information security education and awareness:

Collaborate with the Digital Management Department security service providers and the Human Resources Department to offer a network

security training titled "Enhancing Network Security Awareness and Strengthening the Company's Network Security Foundation" for all

employees. The course content includes email security AI security practical attack and defense ransomware and safe internet usage.During Cybersecurity Awareness Week distribute articles on security awareness such as" Personal Information Protection" to all employees.Additionally play cybersecurity awareness videos on the company office floor's front desk TV promoting cybersecurity knowledge to all

employees.In response to phishing and scam email incidents push 17 security notification reminders and security knowledge articles to all employees

through the "i-ITG" network security WeChat public account and internal network news. This helps employees identify and prevent dangerous

emails ensuring that they thoroughly understand and effectively implement information security management policies and standards and

can promptly detect and respond to potential information security threats.Network Security TrainingAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 69

[Highlight] ｜ China-Indonesia Collaboration in the Nickel Chain [Highlight] ｜ Innovation Driven by Industry Think Tank [Highlight] ｜ Advancement through Three Chains Integration

On June 24 2024 the ITG Supply Chain Industrial Research Institute From September 8 to 11 2024 the "5th China Supply Chain

was officially established. As a new platform for the integrated Management Annual Meeting" was held in Xiamen organized by

research and development of ITG Supply Chain the institute focuses the China Federation of Logistics & Purchasing. As a long-term

on creating professional refined distinctive and innovative research supporting entity of the event Xiamen ITG Group showcased

and product services. Its services cover a wide range of areas its innovations in supply chain business under the theme

including macro strategy industry research model innovation and "New Quality Driven Three Chains Integration." The group

market strategies. By efficiently connecting internal and external demonstrated its achievements and industry insights across

resources the institute continually enhances its R&D capabilities three dimensions: supply chain industry chain and value chain.empowering the high-quality development of the company and the At the exhibition Xiamen ITG Group shared several industry

deepening of its international strategy. service cases including integrated services in the pulp and

paper industry chain transformation of the textile industry chain

for overseas markets integrated operations in the aluminum

industry chain and innovative models for coal imports. These

discussions provided a deep dive into the challenges faced by

industry chains and showcased how the group helps partners

solve key pain points and build sustainable operational models. Demonstrating the Core Architecture of Industrial Chains via 3D Printing Technology

Xiamen ITG Group adheres to the development philosophy of

"integrating logistics and trade." By focusing on strategic logistics hubs it has constructed a highly efficient and seamless international trade logistics system.Through the establishment of its own woodchip fleet chemical tanker fleet the development of unique shipping routes and the operation of floating oil

storage vessels the group has successfully opened up both domestic and international logistics channels. This robust logistics support continues to enhance

the group's integrated supply chain services positioning it as a leader in industry innovation and development.The inauguration of the ITG Supply Chain Industry Research InstituteAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 70

[Highlight] ｜ Green Transformation in Pulp and Paper Industry [Highlight] ｜ Green Innovation in Iron Ore Industry

On November 12 2024 the "2024 China Pulp

Market Symposium" was successfully held

in Nanchang organized by the China Paper

Association with ITG Pulp and Paper and the

China Paper Association and Commercial Pulp

Committee as the hosts. Leveraging years of

experience in the pulp and paper industry and

its integrated supply chain services ITG Pulp

and Paper together with industry partners

relevant associations scholars and experts

from consulting institutions gathered nearly

800 industry elites to participate in the event.

The forum aimed to create a high-level dialogue

platform for the pulp and paper industry The 15th Ferrous Derivatives Summit

promoting communication and development

across the industry chain. During the forum

guests provided in-depth analyses on topics such From December 3 to 5 2024 the 15th Ferrous Derivatives Summit was held hosted by the Metallurgical Industry

as the current supply-demand situation and Branch of China Council for the Promotion of International Trade and Shanghai Ganglian E-commerce Holdings Co.trends in the paper raw materials market the Ltd. with support from Xiamen ITG Group and Fujian Sangang (Group) Co. Ltd. The event themed "Green Innovation

new development patterns of pulp derivatives and Shared Prosperity" brought together over 1000 industry partners experts and scholars from around the world

and the impact of green development strategies 2024 China Pulp Market Symposium to explore how the ferrous metals market can achieve transformation and upgrading through green innovation

on the pulp industry. and collaboration while embracing a new future for the industry and market. During the event Xiamen ITG Group

received recognition and praise for its excellent operational management efficiency integrity-based business

philosophy and win-win development model earning two awards: "2024 (7th) Long-term Trusted Service Provider

for Iron Ore" and "2024 Mysteel Iron Ore Long-Term Spot Price Index Integrity Pricing Unit."About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 72

2024 Best Employer Brand Awards

The "Employment Internship Base" Program of

Xiamen ITG Group and Xiamen University was "Internationalized Talent Program" won the "4321" Talent Development System won the "ITG Flourish" New Employee Training Camp

recognized as a Examplary Case under the Ministry Gold Award at the 9th CSTD Corporate Learning Lighthouse Award for Outstanding Enterprise won the Boao Award for

of Education's Supply-Demand Alignment and Design Competition in Organizational Development

Employment Education Project Golden Award Outstanding Enterprise Best Digital & Intelligent Learning Practice

Examplary Case

Ministry of Education Chinese Society for Talent Development (CSTD) Chinese Society for Talent Development (CSTD) online-edu

"Internationalized Talent Program" won the "Lighthouse Program" won the Yuntu

Best Employer Branded Learning Program Design Award Gold Award for Digital Corporate Typical Enterprise for a Happy Workplace

Learning and Talent Development

CHIRC Training Magazine Yuntu Awards Shanghai Service Federation Shanghai Service

Industries Development & Research Foundation

"Talent Development System" won the Yuntu

Innovative Human Resource "New Talent Program" won the 2024 Best Practice Award for

Management Enterprise Excellence Award for Digital Corporate Best Elite Talent Development Award Performance ImprovementLearning & Organizational Activation

CHIRC China Contextualized Learning Committee Yuntu Awards International Society for Performance Improvement Training Magazine and SINOTRAC

"New Talent Program" won the

Annual Extraordinary "2023-2024 Best Digital Learning Project for Asia's Best Workplace (Mainland China) - Best Employer in Xiamen

Employer in Fujian Healthiest Employer AwardFuture Leadership Development" Award

Liepin.com CEIBS Business Online AIA Peking University School of Public Health HRflag Zhaopin.comAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 74

Human Rights Protection Protection of Women's Rights in the

Workplace

We adhere to the "Universal Declaration of Human Rights" the "United Nations Guiding Principles on Business and Human Rights" and the "ILO Declaration on Fundamental Principles and

Rights at Work". In strict compliance with the "Labor Law of the People's Republic of China" the "Labor Contract Law of the People's Republic of China" and relevant labor rights protection laws

We are committed to protecting the rights and interests of our

and regulations in the regions where we operate we have established the "Labor Rights Protection Policy". This policy applies to the company all entities under its full financial and operational female employees by ensuring equal pay for equal work and

control and all employees including those of contractors. It is designed to fully safeguard employees' fundamental rights including human rights and occupational health while ensuring strictly prohibiting gender discrimination. We have signed a

comprehensive training programs and fair career development opportunities to support the sustainable development of our human capital. We also encourage our suppliers business partners "Special Collective Agreement on the Protection of Female

and other stakeholders to align with and implement the principles and requirements set forth in our "Labor Rights Protection Policy". Workers' Interests" which guarantees female employees' rights

to maternity leave parental leave breastfeeding leave and

childcare leave. We continuously enhance benefits for female

During the reporting period we strictly adhered to "Labor Rights Protection Policy" and all internal regulations related to employee hiring and treatment. No penalties were imposed on us for

employees including the establishment of nursing rooms the

violations of labor rights protection laws and regulations in our operating regions. provision of one-on-one health consultations and personalized

health assessments and treatment plans. We strive to create

a work environment that respects the unique needs of female

employees while supporting a balance between their professional

and personal lives by offering special labor protections.Prohibition of Forced Labor and Child

Labor

We firmly oppose all forms of forced labor child labor

slavery servitude and human trafficking. Our "Employee

Recruitment Measures" and the "Guidelines for Risk

Control of Labor Outsourcing Labor Dispatching Units and

Secondment (Trial)" explicitly define the minimum age

requirements for both direct hires and outsourced workers.We conduct rigorous age verification during the recruitment

process to ensure strict compliance with relevant laws and

regulations regarding the minimum working age.During the reporting period there were no risks of child labor

Mother's Room at Shanghai Headquarters "Pioneering Women's Power" Initiative Employee Health Program in Mother's Day or forced labor in any of our operating regions. Additionally

we did not experience any incidents involving the

employment of child labor the hiring of minors for hazardous

work or forced labor in any form.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 75

Employee Communication We respect the democratic rights and freedom of expression granted to employees under the Constitution and Employee Satisfaction Survey

applicable laws ensuring their rights to information participation expression and supervision. We actively

promote employee communication through collective consultation and mediation mechanisms providing

We conduct democratic evaluations to gain insights into employees'

diverse channels for employees to voice their opinions and concerns. When formulating amending negotiating

expectations regarding career development occupational health compensation

or deciding on policies that affect employee rights we fully solicit input from employee representatives. To

and benefits. These evaluations help us effectively manage potential human

safeguard employees' democratic rights we have signed the "Collective Agreement" the "Special Collective

rights risks such as workplace discrimination harassment and excessive

Agreement for the Protection of Female Workers' Interests" and the "Wage Collective Agreement". In 2024 we

workloads. Based on the survey findings we take proactive measures to

organized democratic management training sessions to help employees better understand how labor unions

prevent and address concerns fostering a more inclusive healthy and diverse

operate and how to effectively exercise their democratic rights.work environment. During the reporting period we conducted an employee

satisfaction survey covering 85% of our workforce. The average satisfaction

score was 9.04 out of 10 marking a 1% improvement compared to the previous

year. Additionally 88% of surveyed employees reported a high level of happiness

in their work environment.Employee Complaints and Protection

We have established dedicated complaint channels and effective procedures to

address human rights violations promptly and comprehensively.Employees who experience any form of rights infringement can file a complaint

with the Human Resources Department or the labor union. Our President's

Office Human Resources Department and Risk Control & Compliance

Department will conduct investigations and collaboratively handle cases

involving labor disputes and rights violations based on factual evidence. If an

infringement is confirmed we will take appropriate disciplinary actions against

the offender in accordance with relevant laws regulations and internal policies.Additionally we will provide support and reassurance to the affected individuals

and their families to ensure their rights are fully protected. All personal

88% information and privacy of victims and complainants will be strictly safeguarded.

of surveyed employees reported a high level

of happiness in their work environment Democratic Management TrainingAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 78

[Highlight] ｜ "Internationalized Talent Program" [Highlight] ｜ "New Talent Program" [Highlight] ｜ "ITG Flourish" New Employee Training Camp

We introduced the "I-TOP" International Talent Development Model The "New Talent Program" focuses on integrated competency The "ITG Flourish" New Employee Training Camp is designed to enhance

designed around four core competencies including sharp market development for high-potential young leaders. Launched in May 2024 the overall competencies of new employees through a structured

insight resilient risk management adaptive global mindset deep the program lasted six months with 98 participants. The "New Talent program that includes systematic training courses panel discussions

industry expertise. As part of this initiative we launched the second Program" is built upon our Key Strategic Talent Model and is structured knowledge competitions and team-building activities. The program

phase of the "Internationalized Talent Program" a specialized around four core dimensions: Pioneering Culture Excellence in Results aims to help new employees quickly integrate into the corporate culture

training program for developing international talent. This five- High-Impact Collaboration and Top-Tier Talent Development. It employs develop professional skills and adapt to the work environment laying

month program combined structured coursework and action-based five core pillars: Assessment & Insights Leadership Development a solid foundation for their career growth. In 2024 a total of 72 new

learning providing a dual-track empowerment approach. A total of Practical Training Knowledge Application and Collaborative Exchange. employees participated in the "ITG Flourish" Training Camp.

50 employees participated accumulating 61 hours of training. The The program utilizes diverse teaching methodologies to help young

program effectively fostered self-directed learning and continuously talents gain self-awareness enhance leadership skills and develop

strengthened our global organizational talent pool. strategic thinking enabling them to grow into future leaders."ITG Flourish" New Employee Training Camp

"New Talent Program"

"Internationalized Talent Program"About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 81

Occupational Health and Safety Work Safety Management

We strictly comply with the "Work Safety Law of the We have established a Work Safety Committee (hereinafter referred to as the "Safety Committee") composed of the Chairman of the Board senior management and key personnel from secondary-

People's Republic of China" and other relevant laws level safety-critical business units. The Chairman of the Board serves as the Director of the Safety Committee while the President and Deputy Secretary of the Party Committee act as Deputy

regulations and industry standards. By referencing Directors. Under the Safety Committee we have set up a Work Safety Committee Office (hereinafter referred to as the "Safety Office") led by the Deputy Secretary of the Party Committee as the

international standards such as ISO 45001 we Director with the Head of the Safety and Environmental Protection Department serving as the Deputy Director. The Safety and Environmental Protection Department oversees the day-to-day

continuously improve our Occupational Health and operations of the Safety Office which is staffed by safety leaders from key business units and dedicated safety management personnel from the Safety and Environmental Protection Department.Safety Management System. Leveraging the "ITG Smart

Brain- Safety Management System" we reinforce the We have formulated and regularly updated regulations such as the "Work Safety Management Assessment Measures" and the "Work Safety Responsibility System for All-Employee" to ensure

implementation of safety responsibilities strengthen that the performance-based compensation of management is linked to the safety and environmental performance of their respective units. If a major safety or environmental incident occurs

guidance and supervision over the safety management of within a manager's area of responsibility during the annual performance evaluation period leading to significant negative impacts or state-owned asset losses the entire annual performance

our subsidiaries effectively mitigate various safety risks salary and deferred performance salary of the primary responsible person will be deducted. We strictly implement the work safety responsibility for all employees ensuring that safety

and resolutely prevent workplace accidents. responsibilities are assigned at every level. Each employee signs a "Work Safety Target Management Accountability Agreement " reinforcing the principle that "workplace safety is everyone's

responsibility." This approach creates a top-down company-wide safety management structure with full employee participation.During the reporting period we formulated and issued

the "Overseas Safety Risk Prevention Guidelines for Director Director

Xiamen ITG Group (Trial)" providing structured guidance Chairman of the Board Deputy Party Secretary

for our subsidiaries to establish standardized and effective

overseas safety risk prevention systems and enhance Deputy Directors Deputy Directors

our capabilities in overseas safety risk management.President Deputy Party Secretary Head of Safety and Environmental Protection Department

Additionally we required all business clusters and

Work Safety Work Safety

subsidiaries to update their respective "Work Safety Committee Committee Office

Members Members

Responsibility System for All-Employee" to ensure

compliance and accountability at every level. We actively Board Members Executives and Key Responsible Safety management leaders from business clusters/divisions

promote safety standardization across all units with 11 Persons from Critical Business Units frontline safety management personnel

subsidiaries successfully achieving Level-3 Work Safety

Standardization Certification during the reporting period. Primary Responsible Person Primary Responsible Person

Business cluster/division head Key unit head

Members Key Production Members

Business Clusters and

& Divisions Safety management leaders from business clusters/divisions Operational Safety leaders and frontline safety managers from key

frontline safety management personnel Units production and operational unitsAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 83

Safety Hazard Inspection

We strictly implement the "Safety Hazard Inspection and

Rectification Management Regulations" and the "Major

Safety Risk Announcement and Warning Regulations"

reinforcing safety hazard identification and rectification.Following the principle of "those responsible for business

operations industry supervision and production

management must also be responsible for safety" we

continuously strengthen safety hazard inspections to

prevent potential risks.During the reporting period we conducted 138 safety

inspections issued 136 rectification notices and

identified 1805 safety hazards of which 1780 were

successfully rectified achieving a rectification completion

rate of 98.6%. The remaining hazards are being addressed

as per the scheduled rectification plan ensuring 100%

completion.As part of our safety hazard inspection efforts our senior

management team personally led comprehensive safety

inspections at frontline operations before major holidays.In 2024 a total of 10 safety inspections were conducted Pre-Holiday Safety Inspections at Business Premises

identifying 111 safety issues all of which have been

successfully rectified.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 84

We invited 45 expert visits conducting 22 in-depth safety inspections across Utilizing the "ITG Smart Brain- Safety Management System" we facilitated self-inspection and rectification of workplace hazards across all business units. Additionally we

nine key business units including mines hotels and hospitals. Through on- organized and supervised the implementation of 8 specialized safety campaigns including Work Safety Month Fire Safety Awareness Month Confined Space Safety Gas

site inspections and expert guidance we systematically identified and assessed Safety Rectification of Unauthorized Construction and Electrical Welding Intensive Fire Safety Hazard Rectification Fire Safety Inspections for Polyurethane Combustible

potential safety risks proposing 685 corrective measures and ensuring their Insulation and Sandwich Materials Disaster Prevention and Mitigation Week and Winter-Spring Fire Safety Campaigns. These initiatives effectively reduced safety risks

successful implementation. These efforts have significantly enhanced our ability and helped prevent major workplace incidents.to identify prevent and manage potential safety hazards.In 2024 our business units collectively conducted 12354 self-inspections for workplace safety hazards with 12338 successfully rectified achieving a rectification

completion rate of 99.9%.[Highlight] ｜ Safety Management in Mining Projects

To strengthen safety supervision and management

efficiency in our mining projects our Safety and

Environmental Protection Department collaborated with

the Stone Materials Division to establish a dedicated

project task force. Together we developed the "Mining

Project Safety Management Advisory and Support Plan

for Xiamen ITG Group" aimed at promoting standardized

safety management eliminating potential hazards and

enhancing safety skills among management personnel

at all levels. During the reporting period we successfully

completed five phases of safety advisory services engaging

19 expert visits. Through on-site assessments we identified Mining Safety Inspections

246 safety hazards conducted four safety training sessions

and assisted mining enterprises in establishing long-term

safety management mechanisms. These efforts have

significantly improved safety management standards in

mining projects.Safety Inspections Conducted by External ExpertsAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 85

Work Safety Drills Occupational Health and Safety Training

During the reporting period our subsidiaries and business units conducted 234 emergency drills in accordance with the We actively organize occupational health training programs for

annual drill plan and actual operational needs. These drills covered various scenarios including flood prevention fire safety employees contractors and other stakeholders encouraging

crane-related injuries vehicle accidents and electric shock incidents. A total of 7019 participants took part in the training suppliers and contractors to align their occupational health

exercises enhancing their emergency response capabilities. and safety management with ISO 45001 and other international

standards. Through these initiatives we strive to create a

healthy and safe working environment.In terms of safety education and training we have launched

targeted awareness campaigns to reinforce safety culture. During

Work Safety Month and Fire Safety Awareness Month we produced

safety messages and slogans displaying them on TV screens in

office reception areas and distributing them to subsidiaries and

business units. These messages were promoted through electronic

screens bulletin boards banners corporate WeChat accounts

and the company website fostering a strong safety awareness

atmosphere across the organization. We also invited external safety

experts to conduct special training sessions including a lecture

on "Key Actions for the Three-Year Work Safety Reform Initiative" Safety Training

advancing the implementation of the All-Employee Work Safety During the reporting period our subsidiaries and business units

Responsibility System. These efforts help eliminate safety hazards actively organized 338 safety training sessions covering topics

at their source ensuring that all business units remain vigilant such as "In-Depth Analysis of Typical Work Safety Accidents"

safety-conscious and equipped with the necessary knowledge to "Enhancing Employee Awareness of Labor Protection"

identify and address risks proactively. Additionally we engaged "Essential Duties for Corporate Safety Management Personnel"

"Comprehensive Interpretation of the New Work Safety Law"

all employees in safety initiatives such as the "Safety is Everyone's

and " Daily Safety Competence Development for Employees." A

Responsibility Readiness is Everyone's Duty" Online Knowledge total of 17719 participants took part in these training sessions

Competition further reinforcing corporate safety policies and significantly improving employee safety awareness and

Safety Drills essential safety knowledge across the workforce. workplace safety management capabilities.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 86

Occupational Health and Safety Management for Outsourced Personnel

To safeguard the rights and well-being of outsourced personnel we have established and regularly update the "Labor Rights

Protection Policy" and the "Risk Control Guidelines for Labor Outsourcing Labor Dispatch Units and Secondment(Trial)". We require

all outsourcing partners to comply with legal obligations by ensuring that personnel assigned to our business units are covered by

social insurance and employer liability insurance. Additionally onsite workers must be equipped with labor protection gear that meets

national or industry standards. For outsourced personnel engaged in hazardous or toxic work regular health check-ups occupational

disease screenings and medical reviews must be conducted. Health records are also required to be maintained to ensure continuous

monitoring and protection of outsourced employees' occupational health.Occupational Health

"Care For You" Occupational Health Program Series

We advocate for a healthy work-life

balance and have implemented an

occupational health consultation

system to provide employees with

disease prevention and occupational

health protection services helping Employee Assistance Program (EAP)

to mitigate occupational health risks.We also offer regular mental health At Xiamen ITG we prioritize employee mental health and respect individual well-being. Our long-standing Employee Assistance

assessments to prevent workplace Program (EAP) offers 24/7 psychological counseling services regular health knowledge publications online educational courses and

stress from negatively affecting on-site counseling sessions providing comprehensive mental health support for employees and their immediate family members.employees' psychological well-being This initiative helps employees manage stress maintain emotional well-being and fosters a supportive and respectful workplace

ensuring their physical and mental culture. During the reporting period our EAP program conducted over 10 online live courses and awareness campaigns on mental

"Summer Cool Relief" High-Temperature Care Program Conducted by the Union of Xiamen

ITG Group health and safety. health and provided psychological counseling services to 212 participants.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 92

Risk Identification and Assessment

We conduct risk identification and assessment based on the COSO Enterprise Taking the challenges and opportunities of macroeconomic policies and industry development and transformation risks as examples:

Risk Management Framework combined with our operational management

and business realities. The Risk and Compliance Department organizes all

Likelihood of Magnitude of

functional departments and invested enterprises each year to identify the Risk Type Risk Description Risk Level Mitigation MeasuresOccurrence Impact

annual key risk focus list develop specific management plans for each risk

type and establish standards or limits for major risk events. When significant The supply chain business Accelerate the layout of overseas business

changes occur in the macroeconomic environment market conditions or primarily focuses on pro- platforms expand overseas operations and

corporate strategy and it is necessary to adjust the annual key risk list each cyclical products which capture a larger market share; strengthen R&D

investment enterprise must assess the various impacts on their business and are highly influenced to empower the business actively develop

by macroeconomic

report to the Risk Control and Compliance Department which will lead the new products and business models expand

factors. Changes in the

effort to update the annual key risk list. business volume and improve operational Challenges and Opportunities domestic economic

High High High quality; in line with the actual operations of

of Macroeconomic Policies downturn supply-

the company's supply chain business tighten

During the reporting period we conducted a major risk assessment for demand imbalances and

geopolitical conflicts may risk appetite and implement risk control 2025 through large-scale surveys and other methods. The survey results

potentially impact the measures such as reducing credit lines limiting were analyzed using the Monte Carlo method evaluating dimensions such

future potential profits authorizations and strictly controlling the

as the likelihood of occurrence and the severity of impact. This process

of the company's supply entry of new projects to minimize operational

identified and assessed the key risks to focus on for 2025 their priority chain business. risks as much as possible.rankings and risk exposure. Additionally by organizing and analyzing

existing control measures we optimized our risk response strategies and

implemented targeted measures to manage the identified risks ensuring During the process of Based on strategic planning investment scale

investment structure and company resources

that the overall risk remains within a controllable range. industry integration and

core business focus there formulate the annual investment plan and

may be risks such as budget and strictly adhere to the approval

uneven resource allocation process. In line with business and management

needs strengthen talent pipeline development

Industry Development and imbalanced team structure

High Medium High and capability enhancement continuously

Transformation Risks personnel turnover

attract professional talent and establish effective

and low management incentive mechanisms. Continue investing in

efficiency which could digital innovation optimize the existing digital

hinder the company's business platforms improve and enhance

business development and digital management capabilities and increase

transformation. management and operational efficiency.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 93

Risk Monitoring and Reporting

Based on dynamic risk identification and assessment

results as well as the occurrence of major risk events we events that cannot be substantively resolved within 1 month 3 months or 6 months after the occurrence the reporting procedures shall be followed

continuously refine our risk monitoring system to achieve as stipulated and the relevant decision-making bodies will discuss and decide on the resolution plan for the risk event. For significant compliance

dynamic risk tracking. We have also established a rapid risk events within 24 hours of occurrence each investment enterprise or department shall report to the company's Risk Control and Compliance

response mechanism to ensure timely and effective risk Department and report to the Compliance and Risk Management Officer and senior leadership in stages. The Compliance and Risk Management Officer

mitigation safeguarding stable operations. In accordance will organize meetings to study and deploy the response plan.with the "Operational Risk Management Regulations" and

the "Risk Indicator Monitoring Management Regulations"

we strictly implement the risk indicator warning system

and risk information reporting mechanism.our functional departments and subsidiaries establish business risk warning elements based on their respective risk

policies. They set appropriate standards for different types of risks according to business characteristics formulate

response measures and carry out risk identification early warning and control. Risk matters classified as "Warning

Level" or "Response Level" must be reported to the President Chairman and Party Secretary within 24 hours and

managed dynamically. Every two weeks we reassess the risk level estimated losses and response measures

reporting progress in a biweekly report.our functional departments and the risk management teams of our subsidiaries

For Signifcant

are responsible for managing tracking addressing and promptly reporting Operational Risk

them. The Risk and Compliance Department oversees the execution of risk Events

response measures. We closely monitor major risk warning events reported by

various business units track and compile updates on these events monthly For Designate

and analyze the overall major risk situation. Risk matters classified as "Warning Risk Matters

Level" or "Response Level" are reported to the Risk Control Committee in a

biweekly report. For Daily Risk

IndicatorsAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 100

Anti-Unfair Competition Tax Compliance

We adhere to relevant international conventions and strictly We strictly comply with the "Enterprise Income Tax Law of the People's Republic of China" and other relevant tax laws and We have signed a "Tax Compliance Cooperation Agreement"

complies with the laws and regulations of China and the regulations in the regions where we operate. Upholding integrity and legal compliance we diligently fulfill our tax obligations. with local tax authorities fostering a relationship of

countries/regions where we operate. We have established Our Finance Department is responsible for tax management including the preparation of daily tax declarations tax calculations mutual trust and establishing a transparent and proactive

the "Code of Business Conduct" which explicitly opposes and other tax-related guidelines to regulate the tax operations of our company and subsidiaries. During the reporting period communication mechanism. Through regular consultations

unfair competition improper transactions and other we revised the "Tax Management Measures" further clarifying tax management requirements and standardizing tax-related and exchanges with tax authorities we strengthen our tax

activities that disrupt market order. We remain committed operations. This ensures that we comply with laws and regulations in our daily business activities while optimizing tax risk prevention measures. Additionally we conduct periodic

to operating with integrity and upholding fair market management efficiency. internal and external tax compliance training to enhance

competition. During the reporting period no lawsuits or employees' awareness of tax risk prevention improve tax

administrative penalties related to unfair competition were We prioritize tax risk management through a comprehensive approach covering pre-planning mid-process supervision and risk management capabilities and uphold transparency

recorded. post-event management to enhance tax compliance and effectively mitigate tax risks. integrity and compliance in tax matters. During the

reporting period we organized a "Tax Management"

knowledge-sharing session for key finance personnel and

conducted a "Tax Risk Prevention and Control" compliance

enhancement training for finance and business teams.These initiatives help reinforce tax compliance awareness

among all employees strengthen collaboration between

business and functional departments and improve tax

Pre-planning: Mid-process supervision: Post-event management: compliance and risk management across all business

activities.During the reporting period our total tax payments amounted

We closely monitor changes in We ensure that tax-related transactions We conduct systematic reviews of

tax laws and policies providing are processed accurately and in compliance business activities and applicable to 1576.9 million RMB with no tax-related violations recorded.interpretations and internal with regulations with timely tax filing and tax laws to reassess potential tax

briefings to enhance overall tax payment. For disputed matters we risks. We actively address any tax-

risk awareness. We proactively implement a risk control mechanism related issues and implement

offer tax advisory services at the that integrates recommendations internal audits to proactively

early stages of business activities from external professional institutions manage tax risks ensuring they

to prevent potential tax risks. tax authorities and internal experts remain within a reasonable and

to ensure our tax operations remain controllable range.legally compliant.our total tax payments amounted

1576.9million RMBAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 101

Complaint Mechanism We encourage all stakeholders to report any violations or potential violations of our Code of Business Conduct and relevant laws and regulations. We fully support and protect the rights of all stakeholders to

submit complaints and provide suggestions. In accordance with the "Rules for Handling Whistleblower Reports by Discipline Inspection and Supervision Authorities" and the "Regulations on Complaint Letters

and Whistleblower and Visits" we have established multiple accessible reporting channels including telephone email and face-to-face communication to receive complaints and suggestions from stakeholders. Our Supervision

Protection Policy Office is responsible for handling reports initiating investigation and resolution procedures and providing timely feedback to whistleblowers regarding investigation results and subsequent actions.To safeguard whistleblowers' rights we have formulated the "Management Regulations for the Protection of Whistleblowers" which clearly outline strict confidentiality obligations and a zero-tolerance policy

toward retaliation:

Our Supervision Office maintains strict confidentiality when handling whistleblower reports and cases classifying all related materials as confidential.Without the whistleblower's consent we do not disclose or leak their identity or the content of the report.Anonymous reports are accepted and unless necessary for case investigation the Supervision Office does not verify handwriting or

conduct forensic analysis on anonymous submissions.If other departments need to access whistleblower materials for investigation they must sign a "Confidentiality Agreement" to ensure

compliance with confidentiality obligations.Management Regulations No department or individual is allowed to suppress or obstruct whistleblowers from exercising their lawful right to report misconduct.for the Protection of

Whistleblowers

No department or individual is permitted to trace or identify whistleblowers without authorization.Any form of retaliation including against the whistleblower their family members or perceived whistleblowers is strictly prohibited.Any individual found violating confidentiality obligations or engaging in retaliatory actions against whistleblowers will be subject to strict

disciplinary measures and legal consequences.Complaint Hotline: 0592-5898586 Mailing Address: Supervision Office 26th Floor ITG Center 4688 Xianyue Road Huli District Xiamen China.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 102

Metrics Unit 2022 2023 2024

Appendix Sulfur oxides (SOx) / 1.40 26.22

Data Overview Particulate matter (PM) Ton / 3.15 130.96

Non-methane volatile organic compounds

/0.135.35

(NMVOCs)

Wastewater Pollutants

Environmental

Total wastewater discharges m3 / 523389 344993.34

Metrics Unit 2022 2023 2024

Energy Consumption

Enviromental Investment

Electricity consumption kWh 271331451.20 342095277.67 336257778.45

Total environmental investment Ten-thousand RMB / 226.53 1005.95 kWh/ hundred-million

Electricity consumption density 51987.37 73058.74 94870.26

Number of environmental violations / 0 0 RMB of operating revenue

Times Steam consumption3 74541.45 139112.81 94244.71

Number of environmental emergency drills / 21 11

1 Liquefied gas consumption

4 Ton 4.27 11.12 3.56

GHG Emissions

Thermal coal consumption5 8012.84 10007.03 0

Scope 1 – Direct GHG emissions 63177.34 105619.97 95209.19

Natural gas consumption m3 / 1169092.15 1180465.38

Scope 2 – Indirect GHG emissions from

tCO2e 183283.14 242920.21 212834.74

purchased energy Gasoline consumption / 433068.61 571693.83

Litre

6

Total GHG emissions (Scope 1+ Scope 2) 246460.48 348540.18 308043.93 Diesel consumption 8346273.39 5249827.42 2457662.26

Marine fuel for shipping Ton / 28432.67 27668.49

tCO e/hundred-million RMB

Emission intensity 2of operating revenue 47.22 74.44 86.91

Air Pollutants2 Note 3　The decrease in our steam consumption in 2024 compared to 2023 is mainly due to the reduction in production capacity at the Keerun

Tire factories in Rizhao and Dezhou during the reporting period.Nitrogen oxides (NOx) Ton / 2.99 41.08 Note 4　 The decrease in our liquefied gas consumption in 2024 compared to 2023 is mainly due to the substitution of liquefied gas with other

energy sources at Ningbo Zhencheng Mining during the reporting period.Note 1　The decrease in our total GHG emissions in 2024 compared to 2023 is mainly due to the reduction in electricity consumption steam Note 5　 Our consumption of thermal coal in 2024 was 0 mainly due to the fact that Tongjiang Guomao Wanli Grain Reserve Co. Ltd. did not

consumption thermal coal consumption diesel and other fossil energy consumption during the reporting period. use thermal coal during the reporting period.Note 2　The increase in our air pollutants in 2024 compared to 2023 is mainly due to the business volume growth of Ningbo Zhencheng Mining Note 6　 The decrease in our diesel consumption in 2024 compared to 2023 is mainly due to the reduction in diesel usage at Guangzhou

and Nujiang Silicon Industry during the reporting period. Keerun Paper due to the closure of some warehouses and at ITG Tidak Logistics during the reporting period.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 103

Employment

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Water Resources Employee Composition

Water withdrawal / 917616.80 683428.39 Total employees 6936 6947 6913

m3

Including: Employees with signed labor Person / / 6888

Water consumption / 394227.80 338435.05

Other workers7 / / 25

Water consumption density m3/ hundred / 84.19 95.48 Employee Composition by Gender

Waste Male 4134 4305 4168

Person

Female 2802 2642 2745

Hazardous Waste

Employee Composition by Age

Hazardous waste generated / 62.81 78.37

Under 30 2387 2058 1901

Ton

Transfer and disposal volume of Between 30-50 Person 3994 4303 4361

/59.6484.70

hazardous waste

Over 50 555 586 651

General Waste Employee Composition by Education

Industrial waste generated / / 322494.51 Masters degree and above 667 725 768

Industrial waste recycled / / 322442.51 Bachelors degree Person 2960 3101 3254

Ton

Other degrees 3309 3121 2891

Domestic waste generated / 2755.04 772.40

Employee Composition by Nationality

Domestic waste recycled / 37.42 3.96

China / 6583 6474

Packaging Materials Person

Others / 364 439

Plastic products consumption 3.03 63.45 60.09

Ton Employee Composition by Ethnic

Paper products consumption 2.50 7.50 8.71

Han Person / / 6222

Note 7　Other workers include interns and individuals employed under part-time labor service agreements signed with the company.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 104

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Others Person / / 691 Employment of Local Employees

Employee Composition by Function Number of employees from the province Person / 4414 3837

Proportion of employees from the

Sales personnel 2813 2876 2717 % / 63.54 55.50

province

Technical personnel 172 369 511 Number of female employees from the Person / 1729 1683

province

Financial personnel 409 430 471 Proportion of female employees

%/65.4461.31

from the province

Administrative personnel 752 800 762

Number of senior management

Person / 5 14

Production personnel 2790 2472 2452 from the province

Proportion of senior management

Female production personnel / 712 751 % / 100.00 100.00from the province

Female sales personnel / 1141 1080 Number of female senior Person / 2 3

management from the province

Female technical personnel Person / 74 145 Proportion of female senior

%/100.00100.00

management from the province

Female financial personnel / 300 322

Employment of Disabled Individuals

Female administrative personnel / 415 447

Number of disabled employees hired Person 5 12 19

Number of employees in STEM (Science Propotion of disabled employees hired % 0.12 0.17 0.27

Technology Engineering and Mathematics) / 286 271

positions Management Composition by Gender

8

Male management personnel 110 310 446

Number of female in STEM (Science Person

Technology Engineering and Mathematics) / 56 65 Female management personnel 32 138 207

positions

Proportion of female management personnel % 22.54 30.80 31.70

Proportion of female in STEM (Science

Technology Engineering and Mathematics) % / 19.58 23.99

positions Note 8　 Management refers to mid-level and above managers at the company headquarters as well as senior management personnel in each

subsidiary company.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 105

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Senior management personnel / 5 7 Employee Turnover

Person

Including: Female senior management personnel / 2 2 Number of employees at the beginning of the year 5504 6936 6947

Proportion of female senior management

% / 40.00 28.57 Number of new hires during the year 1633 1657 713

personnel

Number of departures 602 643 575

Junior management personnel / 288 456

Including: Departures of employees under 30 / 267 232

Including: Female junior Person

/103156

management personnel Departures of employees / 358 325

between 30-50 Person

Proportion of female junior management

% / 35.76 34.21 Departures of employees over 50 / 18 18

personnel

Including: Departures of Chinese employees / 642 569

Management personnel in revenue-

//301

generating departments Departures of Non-Chinese employees / 1 6

Person

Including: Female management personnel in Including: Departures of male employees / 402 377

//82

revenue-generating departments

Departures of female employees / 241 198

Proportion of female management personnel Annual turnover rate % 8.43 7.48 7.29

%/28.5027.24

in revenue-generating departments

Employee Training

Management Composition by Nationality Total annual investment in Ten-thousand

644.00678.60328

employee training RMB

China Person / 446 644

Total number of employees trained Person 5933 6095 5159

Others Person / 2 9

Ten-thousand

Labor Contract Signing Average training cost per employee / 0.10 0.06 RMB

Labor contract signing rate % 100.00 100.00 100.00 Number of male employees trained / 3659 3032

Person

Support for Employee Career Planning and Job Changes Number of female employees trained / 2436 2127

Number of internal employee rotations Person / / 80 Proportion of female employees trained % 39.14 92.20 77.49

Proportion of internal employee rotations % / / 1.16 Employee training coverage rate % 85.54 87.74 74.63About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 106

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Total employee training hours 73446 114430.86 93551 Employee Performance

Hour

Proportion of employees undergoing regular

Average training hours per employee 10.59 16.47 18.13 % / 100.00 /

performance and career development assessments

Employee Training by Type Compensation and Benefits

Total hours of online training / 86895.23 41339 Male entry level salary / 2600.00 2600.00

Female entry level salary / 2600.00 2600.00

Total hours of on-the-job coaching / / 2841

Government-mandated local minimum wage RMB / 2030.00 2030.00

Total hours of leadership training (Talent for males

//10071

pipeline program) Government-mandated local minimum wage

/2030.002030.00

for females

Total hours of professional skills training / / 2340

Proportion of male entry level salary to local

380.95128.08128.08

Total hours of cultural competency training / / 8941 male minimum wage

%

Average training hours per male employee / / 16 Proportion of female entry level salary to 380.95 128.08 128.08

local male minimum wage

Average training hours per female employee / / 20 Average annual compensation for male

/145.09120.56

Average training hours per employee under 30 / / 25 senior management Ten-thousand

Hour Average annual compensation for female RMBAverage training hours per employee between / 101.62 71.92

/ / 16 senior management

Average monthly basic salary for male senior

Average training hours per employee over 50 / / 11 / 40000.00 40000.00

management

Average training hours per junior mangement

/ / 32 Average monthly basic salary for female

personnel / 40000.00 40000.00

senior management

Average training hours per mid-level mangement

/ / 32 Average monthly basic salary for male

personnel / 17195.00 18055.00management

RMB

Average training hours per senior mangement

/ / 33 Average monthly basic salary for female

personnel / 17195.00 18055.00management

Average training hours per Chinese personnel / / 18 Average monthly basic salary for non- / 6455.00 6778.00

management male employees

Average training hours per Non-Chinese

/ / 10 Average monthly basic salary for non-

personnel / 6455.00 6778.00management female employeesAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 107

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Mean wage gap / 0 0 Security Practice

Median wage gap / 0 0 Number of security personnel trained in human

RMB / 230 217rights policies or procedures

Mean bonus gap / 0 0

Number of security personnel employed by Person

Median bonus gap / 0 0 / 17 39

the company

Freedom of Association and Collective Bargaining Number of third-party security personnel / 213 178

Number of employees covered by collective

Person / 3150 2991 Proportion of security personnel trained in

agreements % / 100.00 100.00 human rights policies or procedures

Proportion of employees covered by collective

%/45.3443.27

agreements

Employee Care and Welfare Occupational Health and Safety

Ten-thousand

Defined benefit plans and other retirement plans / 2140.67 2897.48 Metrics Unit 2022 2023 2024

RMB

Company contribution percentage to defined Work Safety Input

%/35

benefit plans and other retirement plans Total annual input in occupational health and Ten-thousand

/3803.153055.26

Total duration of paid parental leave requested work safety RMB

/1696.672260.5

by employees

Occupational Health and Safety Performance

Including: Total duration of paid parental leave

requested by employees / 957.75 1232.00 Total participants in occupational health and Participant / 24881 17719

(asprimary caregivers) safety trainingDay

Total duration of paid parental leave requested Number of safety emergency drills Times / 223 265

/738.921028.50

by employees (as non-primary caregivers)

Number of attendees for safety emergency drills % / 3951 7019

Duration of paid family or caregiving leave

/1402.501377.50

excluding maternity leave Number of offline safety training sessions Session / 504 338

Ten-thousand

Condolence fund expenditure / / 370.30 Number of online safety training courses Course / 39 55

RMB

Human Rights Impact Assessment Work Safety Accident

Minimum notice period for operational changes Day / 30 31 Extra-major accident Case / / 0About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 108

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Major accident / / 0 Technology Research and Development

Serious accident Case / / 0 Ten-thousandTotal R&D investment amount in technology 5154.23 8961.72

RMB 490

General accident / / 0 Proportion of R&D investment to revenue % / / 0.03

from core businesses

Number of work stoppages Times / / 0

Number of R&D personnel Person / / 171

Duration of work stoppages Day / / 0

Proportion of R&D personnel % / / 2.47

Total number of work safety incidents Case / / 0

Intellectual Property

Number of new patent applications 2 30 38

Market Number of new patents granted / 25 21

Number of new copyright applications / 19 17

Metrics Unit 2022 2023 2024

Number of new copyright registrations 21 25 13

Complaint Resolution

Number of new trademark registrations / 94 81

Total number of product or service-related

303315

complaints

Case Number of new trademark applications Case 112 71 15

Total number of resolved product or

303315

service-related complaints Number of new intellectual property rights 135 121 49

Timeliness rate of responses to product or

% 100.00 100.00 100.00 Number of invention patents applied to the

service-related complaints / / 122

core businesses

Information Security and Privacy Protection

Total number of granted patents / / 239

Information security incident Case 0 0 0

Total number of registered copyright / / 72

Number of customers affected by data breaches Person / 0 0

Total number of registered trademarks / / 611

Number of employees affected by data breaches Person / 0 0 Incidents of intellectual property

Case / / 0

infringement

Incidents of customer privacy violations Case / 0 0About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 109

Corporate Governance

Metrics Unit 2022 2023 2024 Metrics Unit 2022 2023 2024

Supplier Information Business Ethics

Total number of suppliers 47525 48232 55571 Anti-corruption Advocacy and Training

Number of suppliers in the company's province 7966 7054 6220 Proportion of board members supervisors and

senior management briefed on anti-corruption / 100.00 100.00

policies and procedures

Number of suppliers in Mainland China 38375 37992 45401

Proportion of employees briefed on anti-corruption

Count / 100.00 100.00

Number of suppliers outside Mainland China / 10240 10170 policies and procedures %

Proportion of board members supervisors and

Total number of suppliers reviewed by the / 100.00 100.00

8617 13513 10299 senior management received anti-corruption training

company in the year

Total number of new suppliers admitted Proportion of employees received anti-corruption training / 100.00 100.00

6673108029397

after reviewed by the company in the year

Business Ethics Violations

Incidents of commercial bribery and corruption / 0 0

Community

Conflicts of interest incidents / 0 0

Metrics Unit 2022 2023 2024

Money laundering and insider trading incidents / 0 0

Community Engagement Incidents resulting in litigation or significant administrative

Amount of external penalties due to unfair competition or monopolistic

Case / 0 0

/ 153.00 81.00 practices

donations

Ten-thousand RMB Number of corruption incidents involving employees

Total trade volume with / / 0

/ / 9000000 being dismissed or disciplined due to corrupt behavior

Belt and Road Countries

Number of corruption incidents involving business

Number of volunteer

Times / 87 262 partners where contracts were terminated or not / / 0

service raenewed due to corrupt behavior

Total number of volunteer

Participants 962 420 1574

participants

Total hours of volunteer

Hour 6735.00 1605.00 3593.50

serviceAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 110

Guidelines No. 14 of Shanghai Stock Exchange for the Self-Regulation of Listed Companies - Sustainability Report (Trial)

Topic Clause Location Topic Clause Location

Chapter III Environmental Disclosure Ethics of Science and Technology Article 43 Not Applicable

Climate Response Article 21-28 Climate Response Supply Chain Security Article 45 Supply Chain Security

Equal Treatment to Small and Medium- Equal Treatment to Small and

Pollutant Discharge Article 30 Pollutant Discharge Article 46

sized Enterprises Medium-sized Enterprises

Safety and Quality of Products and

Waste Disposal Article 31 Waste Disposal Article 47 Safety and Quality of Products and Services

Services

Data Security and Customer Privacy Data Security and Customer Privacy

Ecosystem and Biodiversity Protection Article 32 Ecosystem and Biodiversity Protection Article 48

Protection Protection

Environmental Compliance Environmental Compliance

Article 33 Employees Article 50 Employees

Management Management

Energy Usage Article 35 Energy Usage Chapter V Disclosure of Corporate Sustainability-Related Governance Information

Usage of Water Resources Article 36 Usage of Water Resources Management of Material Matters

Due Diligence Article 52 Sustainability Risk Management

Circular Economy Article 37 Circular Economy Supply Chain Security

Chapter IV Social Disclosure Communications with Stakeholders Article 53 Communications with Stakeholders

Anti-Commercial Bribery and Anti- Anti-Commercial Bribery and Anti-

Rural Revitalization Article 39 Rural Revitalization Article 55

Corruption Corruption

Social Contributions Article 40 Social Contributions Anti-unfair Competition Article 56 Anti-unfair Competition

Innovation-driven Development Article 42 Innovation-driven DevelopmentAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 111

SASB Index

SASB Topics Accounting Metrics Disclosure Placement SASB Topics Accounting Metrics Disclosure Placement

CG-MR-130a.1： CG-MR-330a.1：

Energy Management (1)Total energy consumed Energy Usage Percentage of gender and racial/ethnic group representation for Equal Employment

in Retail & Distribution (2)Percentage grid electricity Data Overview (1)Management Data Overview

(3)Percentage renewable energy Workforce Diversity & (2)All other employees

Inclusion

CG-MR-230a.1： CG-MR-330a.2：

Discussion of management approach to identifying and Data Security and Customer Privacy Amount of legal and regulatory fines and settlements associated Employees

addressing data security risks with employment discrimination

Data Security CG-MR-230a.2： CG-MR-410a.1：

(1)Number of data security breaches Revenue from products third-party certified to environmental Not available in this report

Data Security and Customer Privacy

(2)Percentage involving customers' personality identifiable and/or social sustainability standards

Data Overview

information (PII)

(3)Number of customers affected

CG-MR-410a.2：

Description of processes to assess and manage risks and/ Not Applicable

or hazards associated with chemicals in products

CG-MR-310a.1：

(1)Average hourly wage

Data Overview CG-MR-410a.3：

(2)Percentage of in-store employees earning minimum Product sourcing

Description of strategies to reduce the environmental impact Not Applicable

wage by region Packaging and

of packaging

Marketing

CG-MR-000.A：

Fair Labor Practices CG-MR-310a.2： (1)Number of retail locations Not Applicable

Employee turnover rate for in-store employees

Not Applicable (2)Number of distribution centers

(1) Voluntary

(2)Involuntary

CG-MR-000.B：

Total area of (m2):

Amount of legal and regulatory fines and settlements Not Applicable

Employees (1)Retail space

associated with labor law violations (2)Distribution centersAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 112

Reference of ESG Indicators System for ESG Reports of Listed Chinese Central State-Owned Enterprises

Environmental

Primary Indicators Secondary Indicators Tertiary Indicators Location Primary Indicators Secondary Indicators Tertiary Indicators Location

The Economic Environmental

E.1.1.1 Fresh-water consumption Data Overview E.1.3.5 The energy consumption E.1.3 Energy and Social Impact in 2024

intensity

Data Overview

E.1.1.2 Circulating water usage Water Resources Conservation E.1 Resource E.1.4.1 The amount of packaging

Consumption Data Overview

E.1.1 Water Resource materials usedE.1.1.3 The proportion of circulating E.1.4 Packaging Materials

Water Resources Conservation

water usage E.1.4.2 Light-weighting and reduction Data Overview

of packaging materials

The Economic Environmental

E.1.1.4 Water resource consumption

and Social Impact in 2024 E.2.1.1 The compliance status of

intensity Wastewater Management

Data Overview wastewater discharge

E.1.2.1 Consumption of non-renewable E.2.1.2 Wastewater management and

Not available in this report Wastewater Management

materials emission reduction measures

E.1.2.2 Consumption of toxic and

E.1.2 Materials Not available in this report E.2.1 Wastewater E.2.1.3 Volume of wastewater discharge Data Overview

E.1 Resource hazardous materials

Consumption E.2.1.4 Volume of pollutants discharged

E.1.2.3 Material consumption intensity Not available in this report Data Overview

in wastewater

E.2 Pollution

Energy Usage E.2.1.5 Concentration of pollutants

E.1.3.1 Fossil energy consumption Prevention and Data Overview

Data Overview discharged in wastewaterControl

E.2.2.1 Compliance status of exhaust

Wastewater Management

Energy Usage gas emissions

E.1.3.2 Non-fossil energy consumption

Data Overview Waste Gas Management

E.1.3 Energy E.2.2 Exhaust Air E.2.2.2 Volume of air pollutants emitted Data Overview

E.1.3.3 The proportion of non-fossil Energy Usage

E.2.2.3 Concentration of air pollutants

energy consumption Data Overview Wastewater Management

emitted

Energy Usage E.2.3.1 Compliance with legal

E.1.3.4 The total energy consumption E.2.3 Solid Waste Waste Disposal

Data Overview regulations on solid waste disposalAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 113

Primary Indicators Secondary Indicators Tertiary Indicators Location Primary Indicators Secondary Indicators Tertiary Indicators Location

E.2.3.2 Management of general E.3.3.2 Participation in the energy rights

Waste Disposal

industrial solid waste water rights and pollution rights trading Not Applicable

E.3.3 Environmental Rights markets

E.2.3.3 Disposal volume of general Trading

E.2 Pollution Data Overviewindustrial solid waste E.3 Climate Change E.3.3.3 Participation in green electricity Not Applicable

Prevention and E.2.3 Solid Waste trading

Control E.2.3.4 Management of hazardous Waste Disposal

waste E.3.4 limate Risk E.3.4.1 Climate risk management Sustainability Risk Management

Management

E.2.3.5 Volume of hazardous waste

Data Overview

disposed E.4.1 Impact of Production

E.4.1.1 Impacts of production services Ecosystem and Biodiversity

E.3.1.1 Sources and types of GHG E.4 Biodiversity Services and Products on

GHG Emissions Management and products on biodiversity Protection

emissions Biodiversity

Net Zero Strategy E.5.1 Setting Low-Carbon E.5.1.1 Setting low-carbon Climate Response

E.3.1.2 GHG emissions management GHG Emissions Management Development Goals and development goals and strategic Net Zero Strategy

GHG Emission Reduction Actions Strategic Measures measures

GHG Emissions Management E.5.2.1 Water resource management Water Resources Conservation

E.3.1.3 Scope 1 emission

Data Overview

E.3.1 GHG Emissions E.5.2 Resource

GHG Emissions Management E.5.2.2 Material use management Circular Economy

E.3.1.4 Scope 2 emission Management Measures

Data Overview

E.5.2.3 Energy use and energy efficiency

GHG Emission Reduction Actions

E.3.1.5 Scope 3 emission Not available in this report E.5 Measures for management

E.3 Climate Change Resource and E.5.3 Energy-Saving

The Economic Environmental

Environmental and Carbon Reduction E.5.3.1 Energy-saving and carbon

and Social Impact in 2024 GHG Emissions Management

E.3.1.6 GHG emission intensity Management Monitoring Statistical reduction monitoring statistical

GHG Emissions Management GHG Emission Reduction Actions

Systems Reporting and reporting and assessment system

Data Overview

Assessment System

E.3.2.1 GHG emission reduction

GHG Emission Reduction Actions GHG Pollutant Discharge

management E.5.4.1 Clean production

E.3.2 Emission Reduction Waste Disposal

Management GHG Emissions Management

E.3.2.2 GHG emission reduction GHG Emission Reduction Actions Emission Reduction ActionsE.5.4 Green Environmental E.5.4.2 Green technology upgrading

Data Overview Water Resources ConservationActions and Measures and recycling

Circular Economy

E.3.3 Environmental Rights E.3.3.1 Participation in the carbon

Not Applicable

Trading emissions trading market E.5.4.3 Green building renovation Not ApplicableAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 114

Social

Primary Indicators Secondary Indicators Tertiary Indicators Location Primary Indicators Secondary Indicators Tertiary Indicators Location

GHG Emission Reduction Actions Equal Employment

S1.1.1 Corporate recruitment policy and

Environmental Compliance Human Rights Protection

implementation

E.5.4.4 Green office and operations Management S1.1 Employee Talent Development

Pollutant Discharge recruitment and Equal EmploymentS1.1.2 Employee structure

E.5.4 Green Environmental Waste Disposal employment Data Overview

Actions and Measures S1.1.3 Prohibition of child labor and

E.5.4.5 Green procurement and green GHG Emission Reduction Actions Human Rights Protection

forced labor

supply chain management Responsible Sourcing

Talent DevelopmentEmployee

E.5.4.6 Environmental conservation Environmental Compliance S1.2.1 Compensation philosophy and policy

E.5 Measures for Compensation and Benefits

public activities Management

Resource and Occupational Health and Safety

Environmental E.5.5.1 Environmental management Environmental Compliance S1.2 Employee S1.2.2 Working hours and rest and leave Employee Compensation and

Management system certification Management compensation and Benefits

Systems E.5.5.2 Green and low-carbon benefits Employee Compensation and

E.5.5 Green Low-Carbon GHG Emission Reduction Actions S1.2.3 Compensation and benefits protection

enterprise certification Benefits

Certification

S1.2.4 Employee engagement in

E.5.5.3 Green and low-carbon product GHG Emission Reduction Actions S1 Employee Rights Employee Communicationdecision-making

and service certification Circular Economy

S1.3.1 Employee occupational health and

Occupational Health and Safety

E.5.6.1 Emergency response plan for Environmental Compliance safety management

E.5.6 Legal Compliance in environmental incidents Management

Environmental Matters S1.3.2 Occupational safety risk management Occupational Health and SafetyEnvironmental Compliance

E.5.6.2 Environmental violations

Management S1.3 Employee health S1.3.3 Response to safety incidents and

and safety Occupational Health and Safety

work-related injuries

Employee Compensation and

S1.3.4 Employee support and assistance Benefits

Occupational Health and Safety

Talent Development

S1.4.1 Employee motivation and

S1.4 Employee Employee Compensation and promotion policy

development and Benefits

training

S1.4.2 Employee education and training Talent DevelopmentAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 115

Primary Indicators Secondary Indicators Tertiary Indicators Location Primary Indicators Secondary Indicators Tertiary Indicators Location

S1.4 Employee

S1.4.3 Employee career planning and job Employee Communication S3.1.1 Supplier selection and management Supply Chain Security

development and

change support Talent Development S3.1 Supplier Management

training S3.1.2 Number and distribution of suppliers Data Overview

S1.5.1 Employee satisfaction survey Employee Communication

S1 Employee Rights S3.2.1 Supply chain management S3 Supply Chain Safety Supply Chain Security

policies and measures

S1.5 Employee S1.5.2 Labor disputes Employees and Management

satisfaction S3.2 Supply Chain S3.2.2 Supply chain security assurance

Supply Chain Security

Management and emergency plan

S1.5.3 Employee turnover status Data Overview

S3.2.3 Major risks and impacts of supply chain Supply Chain Security

S2.1.1 Production standard management Safety and Quality of Products

policies and measures and Services

The Economic Environmental

S4.1 Tax payment status S4.1.1 Tax payment status

Safety and Quality of Products and Social Impact in 2024

S2.1.2 Quality management

S2.1 Product safety and and Services S4.2.1 Policies and measures for participating Rural Revitalization and Social

quality Safety and Quality of Products in local community construction Contributions

S2.1.3 Product recall and withdrawal

and Services S4.2 Community co-building

S4.2.2 Contribution and impact on the Rural Revitalization and Social

S2.1.4 Adverse events related to products Safety and Quality of Products local community Contributions

or services and Services

S4.3.1 Policies and measures for Rural Revitalization and Social

Safety and Quality of Products participating in social welfare activities Contributions

S2.2.1 Customer satisfaction

and Services Rural Revitalization and Social

S4.3.2 Investment and effectiveness in

S2 Product And S2.2 Customer service S2.2.2 Customer complaints and Safety and Quality of Products S4.3 Social welfare activities Contributions

participating in social welfare activities

Service Management and rights handling and Services S4 Social Contribution Data Overview

S2.2.3 Customer information and privacy Data Security and Customer S4.3.3 Development of an inclusive and Rural Revitalization and Social

protection Privacy accessible environment Contributions

S2.3.1 R&D and innovation management Rural Revitalization and Social

R&D and Innovation Support S4.4.1 Industrial transformation

system Contributions

S4.4.2 Rural revitalization and regional Rural Revitalization and Social

S2.3.2 R&D investment R&D and Innovation Support

S2.3 Innovation S4.4 National strategy collaborative development Contributions

development response S4.4.3 Belt and Road initiative and

S2.3.3 Innovation achievements R&D and Innovation Support Data Overview

overseas responsibility performance

Intellectual Property Rights S4.4.4 Industry-specific features and Rural Revitalization and Social

S2.3.4 Intellectual property protection

Protection other social responsibility performance ContributionsAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 116

Governance

Primary Indicators Secondary Indicators Tertiary Indicators Location Primary Indicators Secondary Indicators Tertiary Indicators Location

G1.1.1 Governance strategy formulation Governance Structure and Mechanism G2.2.2 Effectiveness of integrity Anti-Commercial Bribery and Anti-

G2.2 Business integrity

construction measures Corruption

G1.1.2 Governance strategy supervision

Governance Structure and Mechanism

G1.1 Governance strategy process Anti-Unfair CompetitionG2 Standardized

and processes G1.1.3 Governance strategy approval and G2.3.1 Fair competition system standards Complaint Mechanism and

Governance Structure and Mechanism Governance

review process G2.3 Fair competition Whistleblower Protection Policy

G1.1.4 Leadership through Party governance The Party Building G2.3.2 Effectiveness of fair competition Anti-Unfair Competition

measures

Governance Structure and Mechanism

G1.2.1 Ownership responsibilities

Risk Control and Compliance G3.1.1 Investor relations management Investor Relations

G1 Governance strategyG1.2.2 Board of directors supervisory board

Strategy and G1.2 Organizational G3.1 Investor relations and management organizational structure Governance Structure and Mechanism G3.1.2 Investor communication Investor Relations

Organizational composition and managementand functions

Structure functions G3.1.3 Establishment of the investor Investor Relations

G1.2.3 Appointment procedures and relations department

composition of the board of directors Governance Structure and Mechanism

Governance Structure and

supervisory board and management G3.2.1 Shareholders' meetings

Mechanism

G1.3.1 Compensation plan for directors G3 Investor Relations

Governance Structure and Mechanism Management and G3.2.2 Shareholder communication Investor Relationsand supervisors

Shareholder Rights G3.2 Shareholder rights practices Communications with Stakeholders

G1.3 Compensation G1.3.2 Transparency of the board's

Governance Structure and Mechanism

management compensation Governance Structure and G3.2.3 Shareholders' right to information

Mechanism

G1.3.3 Reasonableness of management Governance Structure and Mechanism and decision-making participation Investor Relations

compensation Occupational Health and Safety

G3.3.1 Credit evaluation status Not Applicable

G2.1.1 Internal audit Risk Control and Compliance

G3.3 Creditor rights

G2.1 Internal control Risk Control and Compliance G3.3.2 Bond market compliance Not Applicable

G2.1.2 Internal control structure

Complaint Mechanism and

mechanisms and processes

G2 Standardized Whistleblower Protection Policy G4.1.1 Financial information disclosure Investor Relations

Governance G4.1 Information

Anti-Commercial Bribery and Anti- G4 Information disclosure system G4.1.2 Non-financial information

Disclosure Investor RelationsG2.2.1 Integrity construction system Corruption disclosure

G2.2 Business integrity

standards Complaint Mechanism and Transparency

G4.2 Quality of G4.2.1 Regular monitoring auditing and

Whistleblower Protection Policy Disclosed in 2024 annual report

information disclosure evaluation of disclosuresAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 117

ESRS Index

Primary Indicators Secondary Indicators Tertiary Indicators Location European sustainability reporting standards (ESRS) Location/omission

Risk Control and Compliance ESRS 2 General Disclosures

Anti-Commercial Bribery and Anti-

G5.1.1 Compliant operation system

Corruption

BP-1 General basis for the preparation of sustainability statements About This Report

Risk Control and Compliance

G5.1.2 Development of the compliance Anti-Commercial Bribery and Anti- BP-2 Disclosures in relation to specific circumstances Not Applicable

G5.1 Compliant operation

system Corruption

GOV-1 The role of the administrative management and supervisory bodies Governance Structure and Mechanism

Risk Control and Compliance

Anti-Commercial Bribery and Anti- Information provided to and sustainability matters addressed by the Governance Structure and Mechanism

G5.1.3 Specific process of compliance review GOV-2

Corruption undertaking's administrative management and supervisory bodies Risk Control and Compliance

G5 Compliant Governance Structure and Mechanism

Operation and Risk GOV-3 Integration of sustainability-related performance in incentive schemes Occupational Health and Safety

Management G5.2.1 Risk identification and early warning Risk Control and Compliance

Management of Material Matters

GOV-4 Statement on due diligence Sustainability Risk Management

G5.2.2 Risk control and tracking Risk Control and Compliance Supply Chain Security

Risk Control and Compliance

GOV-5 Risk management and internal controls over sustainability reporting

G5.2 Risk management Sustainability Risk Management

Risk Control and Compliance

Anti-Commercial Bribery and Anti- Integrate Industry to Connect Create

G5.2.3 Risk reporting and management Corruption Value to Share

Anti-Unfair Competition SBM-1 Strategy business model and value chain Net Zero Strategy

Data Overview Supply Chain Security

Safety and Quality of Products and Services

SBM-2 Interests and views of stakeholders Communications with Stakeholders

Management of Material Matters

Material impacts risks and opportunities and their interaction with

SBM-3 Risk Control and Compliance

strategy and business model

Sustainability Risk ManagementAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 118

European sustainability reporting standards (ESRS) Location/omission European sustainability reporting standards (ESRS) Location/omission

Description of the processes to identify and assess material impacts Management of Material Matters

IRO-1

risks and opportunities Risk Control and Compliance EnvironmentE2-3 Targets related to pollution

Environmental Compliance Management

About This Report

Disclosure requirements in ESRS covered by the undertaking's sustainability

IRO-2 Management of Material Matters GHG Emissions Management

statement

Index E2-4 Pollution of air water and soil Pollutant Discharge

Waste Disposal

ESRS E1 Climate Change GHG Emissions Management

E2-5 Substances of concern and substances of very high concern Pollutant Discharge

E1-1 Transition plan for climate change mitigation Net Zero Strategy Waste Disposal

Anticipated financial effects from pollution-related impacts risks and

E2-6 Not Applicable

E1-2 Policies related to climate change mitigation and adaptation Net Zero Strategy opportunities

Climate Response ESRS E3 Water and Marine Resources

E1-3 Actions and resources in relation to climate change policies

Circular Economy

E3-1 Policies related to water and marine resources Water Resources Conservation

E1-4 Targets related to climate change mitigation and adaptation Environment

Energy Usage E3-2 Actions and resources related to water and marine resources Water Resources Conservation

E1-5 Energy consumption and mix

Data Overview

GHG Emissions Management E3-3 Targets related to water and marine resources Water Resources Conservation

E1-6 Gross Scopes 1 2 3 and Total GHG emissions

Data Overview

Water Resources Conservation

E3-4 Water consumption

E1-7 GHG removals and GHG mitigation projects financed through carbon credits Not Applicable Data Overview

Anticipated financial effects from water and marine resources-related

E3-5 Not Applicable

E1-8 Internal carbon pricing Not Applicable impacts risks and opportunities

Anticipated financial effects from material physical and transition risks Sustainability Risk Management ESRS E4 Transition plan and consideration of biodiversity

E1-9

and potential climate-related opportunities Management of Material Matters

Transition plan and consideration of biodiversity and ecosystems in

ESRS E2 Pollution E4-1 Not Applicablestrategy and business model

Pollutant Discharge

E2-1 Policies related to pollution E4-2 Policies related to biodiversity and ecosystems Ecosystem and Biodiversity Protection

Waste Disposal

Pollutant Discharge

E2-2 Actions and resources related to pollution E4-3 Actions and resources related to biodiversity and ecosystems Ecosystem and Biodiversity Protection

Waste DisposalAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 119

European sustainability reporting standards (ESRS) Location/omission European sustainability reporting standards (ESRS) Location/omission

E4-4 Targets related to biodiversity and ecosystems Not Applicable Targets related to managing material negative impacts advancing

S1-5 Employees

positive impacts and managing material risks and opportunities

E4-5 Impact metrics related to biodiversity and ecosystems change Ecosystem and Biodiversity Protection

Equal Employment

S1-6 Characteristics of the undertaking's employees

Anticipated financial effects from biodiversity and ecosystem-related Data Overview

E4-6 Not Applicable

risks and opportunities Equal Employment

S1-7 Characteristics of non-employees in the undertaking's own workforce

Data Overview

ESRS E5 Resource Use and Circular Economy

S1-8 Collective bargaining coverage and social dialogue Employee Communication

Energy Usage

E5-1 Policies related to resource use and circular economy

Circular Economy Equal Employment

S1-9 Diversity metrics

GHG Emission Reduction Actions Data Overview

E5-2 Actions and resources related to resource use and circular economy

Circular Economy

S1-10 Adequate Wages Employee Compensation and Benefits

E5-3 Targets related to resource use and circular economy Environment

Employee Compensation and Benefits

S1-11 Social protection

Data Overview

E5-4 Resource inflows Circular Economy

S1-12 Persons with disabilities Data Overview

E5-5 Resource outflows Circular Economy

Anticipated financial effects from resource use and circular economy- S1-13 Training and skills development metrics Data Overview

E5-6 Not Applicable

related impacts risks and opportunities

S1-14 Health and safety metrics Data Overview

ESRS S1 Own Workforce

S1-15 Work-life balance metrics Data Overview

S1-1 Policies related to own workforce Employees

Processes for engaging with own workforce and workers' representatives S1-16 Remuneration metrics (pay gap and total remuneration) Data Overview

S1-2 Employee Communication

about impacts

Processes to remediate negative impacts and channels for own S1-17 Incidents complaints and severe human rights impacts Human Rights Protection

S1-3 Employee Communication

workforce to raise concerns

ESRS S2 Workers in the Value Chain

Taking action on material impacts on own workforce and approaches

S1-4 to managing material risks and pursuing material opportunities related Employees

to own workforce and effectiveness of those actions S2-1 Policies related to value chain workers Supply Chain SecurityAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 120

European sustainability reporting standards (ESRS) Location/omission European sustainability reporting standards (ESRS) Location/omission

S2-2 Processes for engaging with value chain workers about impacts Supply Chain Security

Safety and Quality of Products and Services

S4-2 Processes for engaging with consumers and end-users about impacts Data Security and Customer Privacy Protection

Processes to remediate negative impacts and channels for value chain Supply Chain Security

S2-3 Communications with Stakeholders

workers to raise concerns Communications with Stakeholders

Taking action on material impacts on value chain workers and approaches Processes to remediate negative impacts and channels for consumers Safety and Quality of Products and Services

S2-4 to managing material risks and pursuing material opportunities related to Supply Chain Security S4-3 and end-users to raise concerns Data Security and Customer Privacy Protection

value chain workers and effectiveness of those action

Taking action on material impacts on consumers and end-users and

Targets related to managing material negative impacts advancing Safety and Quality of Products and Services

S2-5 Suppliers and Clients S4-4 approaches to managing material risks and pursuing material opportunities Data Security and Customer Privacy Protection

positive impacts and managing material risks and opportunities related to consumers and end-users and effectiveness of those actions

ESRS S3 Affected Communities Targets related to managing material negative impacts advancing S4-5 Suppliers and Clients

positive impacts and managing material risks and opportunities

S3-1 Policies related to affected communities Social Contributions

ESRS G1 Business Conduct

S3-2 Processes for engaging with affected communities about impacts Social Contributions

G1-1 Business conduct policies and corporate culture Commercial Behaviors

Processes to remediate negative impacts and channels for affected Social Contributions

S3-3

communities to raise concerns Communications with Stakeholders Supply Chain Security

G1-2 Management of relationships with suppliers Equal Treatment to Small and Medium-

Taking action on material impacts on affected communities and approaches sized Enterprises

S3-4 to managing material risks and pursuing material opportunities related to Social Contributions Anti-Commercial Bribery and Anti-

affected communities and effectiveness of those actions Corruption

G1-3 Prevention and detection of corruption and bribery

Complaint Mechanism and

Targets related to managing material negative impacts advancing Whistleblower Protection Policy

S3-5 Social Contributions

positive impacts and managing material risks and opportunities

Anti-Commercial Bribery and Anti-

ESRS S4 Consumers and End-users G1-4 Incidents of corruption or bribery Corruption

Data Overview

Supply Chain Security

Safety and Quality of Products and G1-5 Political influence and lobbying activities Not Applicable

S4-1 Policies related to consumers and end-users Services

Data Security and Customer Privacy Equal Treatment to Small and Medium-G1-6 Payment practices

Protection sized EnterprisesAbout This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 121

ISDS Index

IFRS S1

Core Elements Disclosure Recommendations Disclosure Placement Core Elements Disclosure Recommendations Disclosure Placement

The quantitative and qualitative effects of sustainability-related risks and

The governance body(s) (which can include aboard committee or Governance Structure and opportunities on the entity's financial position financial performance and

equivalent body charged with governance) or individual(s) responsible Mechanism cash flows for the reporting period and the sustainability-related risks and

for oversight of sustainability-related risks and opportunities. Risk Control and Compliance opportunities identified for which there is a significant risk of a material

Management of Material

adjustment within the next annual reporting period to the carrying amounts

Governance Mattersof assets and liabilities reported in the related financial statements and how

Strategy the entity expects its financial position financial performance and cash

Management's role in the governance processes controls and Governance Structure and flows to change over the short medium and long term given its strategy to

procedures used to monitor manage and oversee sustainability- Mechanism manage sustainability-related risks and opportunities.related risks and opportunities. Risk Control and Compliance

Management of Material

The resilience of the entity's strategy and its business model to those Matters

Management of Material sustainability-related risks. Sustainability Risk

The sustainability-related risks and opportunities that could

Matters Management

reasonably be expected to affect the entity's prospects within the time

Sustainability Risk

horizons—short medium or long term. The processes and related policies the entity uses to identify

Management assess prioritize and monitor sustainability-related risks including Management of Material

information about: the inputs and parameters the entity uses， Matterswhether and how the entity uses scenario analysis to inform its Sustainability Risk

The current and anticipated effects of sustainability-related risks and Management of Material identification of sustainability-related risks whether and how the Management

opportunities on the entity's business model and value chain and Matters Risk Management entity prioritizes sustainability-related risks how the entity assesses Risk Control and Compliance

Strategy where in the entity's business model and value chain sustainability- Sustainability Risk the nature likelihood and magnitude of the effects of those risks.related risks and opportunities are concentrated Management

The processes the entity uses to identify assess prioritize and Management of Material

monitor sustainability-related opportunities including: whether and Matters

How the entity has responded to and plans to respond to how the entity uses scenario analysis to inform its identification of Sustainability Risk

sustainability-related risks and opportunities in its strategy and Management of Material sustainability-related opportunities. Management

decision-making and the progress against plans the entity has Matters The extent to which and how the processes the entity uses to

disclosed in previous reporting periods including quantitative and Sustainability Risk identify assess prioritize and monitor sustainability-related risks and Sustainability Risk Management

qualitative information and trade-offs between sustainability-related Management Risk Management opportunities are integrated into and inform the entity's overall risk Risk Control and Compliance

risks and opportunities that the entity considered. management process.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 122

IFRS S2

Core Elements Disclosure Recommendations Disclosure Placement Core Elements Disclosure Recommendations Disclosure Placement

Environmental

Metrics required by an applicable IFRS Sustainability Disclosure The governance body(s) (which can include a board committee or Governance Structure and

Social

Standard. equivalent body charged with governance) or individual(s) responsible Mechanism

Governance for oversight of climate-related risks and opportunities. Risk Control and Compliance

Governance

Metrics the entity uses to measure and monitor sustainability-

Environmental Management's role in the governance processes controls and Governance Structure and

related risks or opportunities and its performance in relation to that

Metrics and Targets Social procedures used to monitor manage and oversee climate-related Mechanism

sustainability-related risk or opportunity.Governance risks and opportunities. Risk Control and Compliance

Environmental The climate-related risks and opportunities that could reasonably be Management of Material

Any targets the entity has set it is required to meet by law or regulation. Social expected to affect the entity's prospects within time horizons—short Matters

Governance medium or long term whether the entity considers the risk to be a Sustainability Risk

climate-related physical risk or climate-related transition risk. Management

The current and anticipated effects of climate-related risks and Management of Material

opportunities on the entity's business model and value chain and Matters

Strategy

where in the entity's business model and value chain climate-related Sustainability Risk

risks and opportunities are concentrated. Management

Information about how the entity has responded to and plans to

Management of Material

respond to climate-related risks and opportunities in its strategy and

Matters

decision-making including how the entity sets targets how the entity

Sustainability Risk

is resourcing and quantitative and qualitative information about the

Management

disclosed progress of plans.About This Report Message from the Chairman Brand Philosophy Management of Material Matters Communications with Stakeholders Sustainability-Related Governance Environment Society Governance Index 123

Core Elements Disclosure Recommendations Disclosure Placement Core Elements Disclosure Recommendations Disclosure Placement

The extent to which and how the processes for identifying assessing Management of Material

The quantitative and qualitative effects of those climate-related prioritizing and monitoring climate-related risks and opportunities Matters

risks and opportunities on the entity's financial position financial Risk Management are integrated into and inform the entity's overall risk management Sustainability Risk

performance and cash flows for the reporting period the climate- process. Management

related risks and opportunities identified in paragraph 16(a) for

which there is a significant risk of a material adjustment within the Management of Material

The cross-industry metric categories of greenhouse gas emissions

next annual reporting period to the carrying amounts of assets and Matters

internal carbon prices the percentage of executive management

liabilities reported in the related financial statements and how the

remuneration recognized in the current period that is linked to

entity expects its financial position financial performance and cash

climate-related considerations capital deployment towards climate- GHG Emissions Management

flows to change over the short medium and long term given its

related risks and opportunities the amount and percentage of

strategy to manage climate-related risks and opportunities.assets or business activities vulnerable to climate-related risks and

Strategy opportunities.The entity's assessment of its climate resilience including the entity's

assessment for its strategy and business model the significant areas Metrics and Targets Industry-based metrics that are associated with one or more particular

of uncertainty considered in the entity's assessment of its climate business models activities or other common features that characterize

resilience and the entity's capacity to adjust or adapt its strategy and GHG Emissions Management

Management of Material participation in an industry.business model to climate change over the short medium and long

Matters

term. The entity shall use climate-related scenario analysis to assess

Sustainability Risk

its climate resilience and disclose how and when the climate-related

Management The quantitative and qualitative climate-related targets the entity has

scenario analysis was carried out including information about the Environmentalset or it is required to meet by law or regulation progress towards

inputs the entity used the key assumptions the entity made in the Socialreaching the target information about its performance and each

analysis and the reporting period in which the climate-related scenario Governancegreenhouse gas emissions target.analysis was carried out.The processes and related policies the entity uses to identify assess

prioritize and monitor climate-related risks including information Management of Material

about: the inputs and parameters the entity uses whether and Matters

how the entity uses climate-related scenario analysis to inform its Sustainability Risk

identification of climate-related risks whether and how the entity Management

Risk Management prioritizes climate-related risks how the entity assesses the nature Risk Control and Compliance

likelihood and magnitude of the effects of those risks.The processes the entity uses to identify assess prioritize and monitor Management of Material

climate-related opportunities including information about whether Matters

and how the entity uses climate-related scenario analysis to inform its Sustainability Risk

identification of climate-related opportunities. ManagementXiamen ITG Group Corp http://www.itg.com.cn/