Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.Governance Report Governance Report

2 3CONTENTS 02 04

Innovative Product Bearer of Industry 06

Introduction Developer Responsibility Builder of Society and

About the report .................................Areas

Message from the Chairma..........................pment

About Anjoy.........................................110

Nutrition and Health ...............................112

Customer Service .................................rises

Data Security........................................51

010507

Compliant and 03 Creator of Employee

Law-abiding Operators Appendix

Guardian of Lucid Waters Happiness

Corporate Governance ...............................116

Risk Control........................................121

Business Ethics .......................................Green Operation........................................

124

58 Employee Communication ..........................125

Climate Change Response ............................ 96

Clean Production .................................pment

Water Resources Management ...................73 O..101

Energy Utilization...................................76

Ecosystem and Biodiversity Protection ....78

Green Supply Chain Construction ..............79

4 5Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Introduction

About the Report

This report's contents are guaranteed to be true accurate and comprehensive by the Board of Directors and

all of the Company's directors and also assume personal and joint liability for any false records of deceptive

statements or material omission.Introduction of the Report

(hereinafter referred to

as the ‘Report’) aims to truthfully disclose the Company's ESG performance in FY2024

and to publicly demonstrate to stakeholders Anjoy's thinking and actions on sustainability

management and to respond to the expectations and concerns of stakeholders achieve

effective communication with various stakeholders.Report Scope

This report mainly describes the work of the Company and its subsidiaries from 1 January 2024

to 31 December 2024 in operation and management environmental responsibility employee

responsibility public welfare and charitable responsibility and other stakeholder responsibility.In order to enhance the comparability and forward-looking nature of the report some of the

contents have been extended appropriately.Report Access

This report is published online. The internet version can be viewed and downloaded from the

website of the Shanghai Stock Exchange (www.sse.com.cn) and the Company (www.anjoyfood.com).

6 1Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Preparation Basis

International standards and basis Domestic standards and basis

◆ Recommendations of the Task Force on ◆ Shanghai Stock Exchange's Self-Regulatory Message

Climate-related Financial Disclosures (TCFD) Guidelines for Listed Companies on the

◆ Global Reporting Initiative (hereinafter Shanghai Stock Exchange No. 14 - Sustainability from the Chairman

‘GRI’) Sustainability Reporting Standards (GRI Report (for Trial Implementation)

Standards) ◆ Appendix C2 Code on Environmental Social

◆ Morgan Stanley Capital International ESG and Governance Reporting of the Main Board

Rating Criteria (i.e. ‘MSCI ESG Ratings’) Listing Rules of the Hong Kong Exchanges and

Clearing Limited Keeping the Beginning and

Practising the Mission，Source of Data

The financial data in this report are from the Company's 2024 Annual Report and the currencies involved Starting a New Journey of

in the report are all measured in RMB and audited by Lixin Certified Public Accountants (Special General

Partnership); other data are from the Company's internal statistics some of which are appropriately traced Innovative Development

back to previous years and do not contain any false records misleading statements or material omissions.Description of titles

For the convenience of expression and reading in this report "Anjoy Group" "Anjoy" "we" and "the

Company" refer to Anjoy Foods Group Co. Ltd. and its subsidiaries; "Anjoy Food" and "Xiamen Base" refer

to Anjoy Foods Group Co. Ltd. For the designations of some subsidiaries of Anjoy Group please refer to the

following table.Company abbreviation Full company name ANJOY

Wuxi Watson Wuxi base Wuxi Huashun Minsheng Foods Co. Ltd.Taizhou Anjoy Taizhou base Taizhou Anjoy Foods Co. Ltd.Liaoning Anjoy Liaoning base Liaoning Anjoy Foods Co. Ltd.Sichuan Anjoy Sichuan base Sichuan Anjoy Foods Co. Ltd.. Looking back to 2024 in the face of the complex and severe make great efforts in the field of frozen food to further enhance

situation of increasing external pressure internal difficulties the competitiveness of large single products in all channels and

Hubei Anjoy Hubei base Hubei Anjoy Foods Co. Ltd. and fierce market competition expanding domestic demand consolidate its leading position in the industry; the Company has

Henan Anjoy Henan base Henan Anjoy Foods Co. Ltd. e s p e c i a l l y co n s u m e r d e m a n d by b e n e f i t i n g t h e p e o p l e ' s also strengthened the competitiveness of large single products

livelihood and promoting consumption has become the key and consolidated its leading position in the industry. At the

Guangdong Anjoy Guangdong Anjoy Foods Co. Ltd. to smooth the domestic cycle. As a listed leading enterprise in same time the Company has given full play to the competitive

Shandong Anjoy Shandong base Shandong Anjoy Foods Co. Ltd. the frozen food industry Anjoy Foods continues to uphold the advantages of rich product matrix and channel sinking optimized

development concept of ‘pursuing progress while ensuring channel layout increased investment in emerging channels such

Honghu Anjoy Honghu Anjoy Food Co. Ltd. stability’ actively adapts to the development and changes of as group meals strengthened regional products and competition

Frozen goods Xiamen Anjoy frozen goods supply chain Co. Ltd. the industry and the market and achieves steady development in regional markets increased the proportion of medium-

through a series of initiatives such as innovation drive optimization and high-end products and improved the added value of the

Hubei Anrun Hubei Anrun Foods Co. Ltd. of layout and strengthening of management. Company's products and brand reputation. In 2024 the company

Xinhongye Honghu Xinhongye Foods Co. Ltd. The Company adhered to the original intention and followed achieved operating income of 15.127 billion yuan up 7.70% year-

the business strategy of ‘three-pronged advancement’ of uick- on-year. Among them both quick-frozen flavored and processed

Xinliuwu Hubei Xinliuwu Foods Group Co. Ltd. frozen flavored and processed products quick-frozen prepared products quick-frozen prepared dishes segments achieved

Kung Fu Food Oriental Foods Express Ltd. dishes and quick-frozen flour and rice products and the channel double-digit growth in operating income.strategy of ‘BC balance full channel force’ and continued to U n d e r t h e m a r k e t e n v i r o n m e n t o f r i s i n g r e s ta u ra n t

2 3Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

articles of association an annual cash dividend ratio of not less Today's consumer market presents many new trends

than 40% and in the half-year of 2024 the Company adopted personalized and diversified goods have become the choice of

a dividend ratio of 57.5% and in the third quarter of 2024 the more consumers. In particular emerging consumer groups are

compan increased the dividend distribution ratio to 65%. 2024 more concerned about quality and price product quality and

the company's cumulative dividend amount is expected to be performance as well as emotional value and the rise of the

Revenue reached RMB 15.127 billion 1.040 billion yuan (including tax) accounting for 70.05% of the concept of sustainable consumption. Along with the continuous

company's 2024 consolidated statement of net profit attributable development of the economy demographic structure and

representing a year-on-year increase of 7.70% to shareholders of listed companies (audited). Share the fruits of l ifestyle changes China's per capita consumption of frozen

high-quality development with investors. food than the developed market is still there is greater room

In 2024 the comprehensive strength and high-quality for improvement the industr y concentration of enterprises

development of the Company were fully affirmed by the industry i s e x p e c t e d t o f u r t h e r i n c r e a s e i n p r o d u c t r e s e a r c h a n d

the state and the local community again: the Company was development channel promotion branding and other aspects

awarded the 2024 Hurun Top 100 Chinese Prepared Vegetable of the integrated advantages of the enterprise will be better

Producers and ‘Most Powerful Chinese Prepared Vegetable adapted to the market changes with a greater potential for

Producers’; the wholly-owned subsidiary Sichuan Anjoy was development.chain rate and increasing demand for product customization single-product strategy and multi-brand portfolio strategy have awarded the National Sichuan Anjoy a wholly-owned subsidiary In the firm development of confidence at the same time

of special-purpose channels and new retail platforms the yielded another fruitful result. of the Company was awarded the ‘National May 1st Labor Anjoy food is also clearly aware that the industr y is facing

Company has responded to the times and the trend by carrying During the year the Company upgraded and optimized its Certificate’; Liaoning Anjoy was awarded the honorary title ‘consumption downgrade’ ‘overcapacity’ and ‘price

out localized R&D and channel development in the regions data warehouse network architecture and customer service of ‘Outstanding Contributing Enterprise’ in the first year of involution’ and other new challenges. In fact from the end

where its production bases are located in conjunction with the s y st e m i n t r o d u ce d t h e O N E S m a n a g e m e n t p r o j e c t a n d the three-year action of Liaoning Province's comprehensive of 2023 onwards consumers' pursuit of cost-effective more

market characteristics and proactively embracing medium-to- strengthened the security protection of hardware and software revitalization and breakthrough and was successfully recognized and more intense and many brands in the catering industry to

large-sized catering chains and platforms for customized Big to better protect the stable operation of its business; in the as one of the eighth batch of national key leading enterprises in further active or passive price reductions the industry in general

B customers. The R&D quality marketing branding and other digital ization of management the Company improved the agricultural industrialization. In addition the Company has also “increase revenue but not increase profits” unfavorable

professional teams distributed around the world work closely efficiency of its financial and risk prevention and control work won awards in various fields such as being ranked 5th in the‘ Top situation. Another crayfish industry for example with industry in

together actively docking with the local catering ecosystem by putting on-line consolidated statements implementing a 100 Food Ingredients Suppliers to China's Catering Enterprises’ recent years even overheating accelerated entry of capital and

and exploring and carrying out customized production in line risk control system and optimizing contract management; in and 349th in the ‘Top 500 Global Consumer Brands’ by AiMedia the supply side of the rapid expansion of shrimp tail and crayfish

with the B-end catering market. In January 2024 the Company the digitalization of marketing and production the Company Consulting and being listed in the ‘Manufacturing Leading prices continue to decline the relevant business pressures

signed a strategic cooperation agreement with Zhang Liang u p g ra d e d a n d re p l a ce d a n u m b e r o f b u s i n e s s s y ste m s by Enterprises’ in the list of 2024 and 2024 by the Department of increased steeply. In addition in the frozen food industr y

Enterprise Management (Group) Co. Ltd. a well-known brand developing large-screen reports to assist decision-making and Industry and Information Technology of Fujian Province. Wuxi including China's FMCG market channel differentiation the

of spicy hot pots to set up a mechanism for information sharing developed its own WMS system to serve a number of customers Anjoy Food Marketing Co. Ltd. has been ranked among China's fragmentation trend is also becoming more and more obvious.and to empower in joint R&D product services brand promotion and built a supplier scoring system. In the digitalization of top 500 service enterprises for three consecutive years and I n t h e fa ce o f t h e n e w m a r ket s i t u at i o n a n d i n d u st r y

channel construction etc.; In 2024 total sales of 172 million yuan marketing and production the informationization level of the ranking continues to rise. 2025 the Company has also been opportunities the Company once again focused on ‘channel-

were achieved representing nearly 100 per cent year-on-year marketing and production was further improved through the listed on the list of ‘Hurun China's Top 500 Non-State-Owned driven cost-driven brand-driven digitally-driven product-

sales growth. development of large-screen reports to assist in decision- Enterprises in 2024’ and shortlisted for ‘the first batch of driven strategy-driven and culture-driven’ as the seven major

Product innovation is the core driving force of enterprise making upgrading and replacing multiple business systems self- China's famous consumer brands’ by the Ministry of Industry driving forces for growth and committed itself to the sustainable

development. In order to meet the increasingly diversif ied developed WMS system to serve multiple customers assisting and Information Technology. The Company was also listed on development of the Company. At the start of 2025 the Company

needs of consumers the Company adheres to the market- distributors in private marketing through public numbers and the ‘2024 Hurun China Top 500 Non-State Owned Enterprises’ has had a smooth opening with production and sales in order

oriented principle and always focuses on the strategic core of setting up a supplier scoring system among other measures. and shortlisted by the Ministr y of Industr y and Information and continued to operate efficiently.creating explosive products. In 2024 the Company included The Board of Directors of Anjoy Foods attaches great Technology (MIIT) as one of the ‘First Batch of Famous Chinese In terms of new product research and development the

volcanic stone grilled sausage and other grill channel products importance to the improvement of the Company's quality Consumer Products’. Company has continued to build on the initial success of the

in its annual promotion priorities and took multiple measures pays close attention to the capital market's reflection of the As a listed leading enterprise in the frozen food industry in grill channel products such as volcanic stone grilled sausages

to launch multi-specification and multi-flavor grilled sausage Company's value and has actively responded to the policy 2024 the Company obtained the highest grade A (for the second in 2024: optimizing formulas in production to enhance product

products covering a variety of channels such as supermarkets call to develop a market value management system. By firmly consecutive year) in the annual rating of information disclosure profitability; and shifting from B-end to C-end in marketing to

vegetable shops grill shops and canteens and strived to build establishing the awareness of returning to shareholders taking work of the Shanghai Stock Exchange and was awarded the title further expand market share. The Company's first product the

the second growth curve of the enterprise. The Company's main measures to protect the interests of investors especial ly of ‘Top 100 Mainboard Listed Companies in Terms of Value’ by Lock Fresh Pack series will continue to be miniaturized and

brands continued to advance along the route of mid-to-high-end s m a l l a n d m e d i u m - s i z e d i n v e st o r s d o i n g a g o o d j o b o f the People's Daily's ‘Securities Times’. striped and develop into a high-end product to increase sales

with the help of the Lock&Load series Volcanic Grilled Sausage investor relationship management on the basis of promoting The year 2025 is the concluding year of the ‘14th Five- improve profits and upgrade the brand. In the hot pot material

Shrimp Paste Steamed dumplings and Wanzhizun series while the improvement of the level of operation and the quality Year Plan’ and a critical year for the preparation of the ‘10th products the Company will increase the promotion of spicy hot

star products such as the crispy fried pork of sub-brands Anjoy o f d e v e l o p m e n t a n d a c t i v e l y ta k i n g m e a s u r e s t o b o o st Five-Year Plan’ and the Central Economic Work Conference in pot channel general products such as tiger skin fried eggs. Based

Xiaochu and the Beef and Lamb Rolls of Frozen goods were also investor confidence we have strongly ensured that the market December 2024 set out the economic work in 2025 with the focus on the resources of Honghu Anjoy surimi the company develops

well received by the market and achieved a brilliant performance. capitalization management activities are in harmony with the on boosting consumption and expanding domestic demand on series of products such as tender fish ball crayfish fish paste

In June 2024 Anjoy Foods Select Volcanic Grilled Sausage was overall strategy of the Company. Since its listing in 2017 the all fronts. The Central Economic Work Conference in December lucky bag serialization shrimp paste etc. and continuously

awarded as the champion of the category of 2024 China's New Company has paid cash dividends 11 times with a cumulative 2024 set out the economic work for 2025 and made boosting enriches the product line.Food Ingredients (Media) which is the first time that Anjoy Foods dividend amount of 2.449 billion yuan effectively enhancing consumption and expanding domestic demand in all aspects one I n te r m s o f re f i n e d m a n a ge m e n t A n j o y co n t i n u e s to

has launched a new food product in China. The Company's large investors' sense of gain. In 2024 the Company wrote into its of the key tasks for 2025. deepen the adjustment of its organizational structure optimize

management methods and improve its management level.

4 5Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

In terms of raw material procurement Anjoy will continue to contaminants and full retention of protein functionality. As of 31

promote the bidding work for group procurement of major bulk December 2024 Anjoy Foods and its related supply chain have

raw materials. obtained 150 certificates for various management systems such

T h e C o m p a n y a c c e l e r a t e d t h e d e v e l o p m e n t o f n e w as IS0 22000 IS0 9001 IS0 14001 IS0 45001 HACCP etc.; and in

quality productivity and actively embraced the wave of AI to 627 batches of official (national/provincial/municipal) sampling

empower business growth. The Company is introducing AI inspections conducted in 2024 the Company's sampling results About Anjoy

artificial intelligence to achieve data self-analysis customer were all satisfactory.service self-service image recognition determination etc. to The Company actively participates in social welfare and

enhance the level of enterprise management and operational charity undertakes social responsibility. On the basis of the

capabilities; in terms of management digital construction the traditional annual ‘New Year's Charity Lunar New Year's Eve

Company plans to upgrade EAS integrate the big data analysis Dinner’ and other projects in 2024 the Company donated

platform and go online with the APS system etc. to optimize funds to the Xiamen headquartered Haicang District Xinyang

t h e s u p p l y c h a i n m a n a g e m e n t a n d e n h a n ce o p e ra t i o n a l Street Xinyang Education Promotion Association for scholarships

efficiency. For M&A enterprises it will promote projects such and education within the jurisdiction; and Xiamen University

as CRM dealer management e-contracts BI data analysis EAM to carr y out school-enterprise cooperation to promote the

asset management etc. to strengthen the level of information integration of the development of industry and academia Anjoy

management and control; on network and security the Company Foods ‘Exploration of the Multi-brand Operation Model’.will promote technical solutions such as desktop management The two topics of ‘Research on Middle and Senior Managers’

and introduce security solutions to safeguard the Group's Echelon Construction’ won the first and second place in Xiamen

operational security further. University MBA Business Diagnostic Practice (BDP) Project

In recent years under the leadership of the Sustainability Ultimate PK Competition.Committee of the Board of Directors the Company has attached Through prudent judgment and comprehensive consideration

great importance to ESG construction and achieved good results of the domestic market competition pattern international

in exploration and practice and in January 2025 the Company m a r ke t s p a ce a n d i n d u st r y o p p o r t u n i t i e s t h e C o m p a n y

was listed on the list of New Fortune 50 ‘ESG Best Practice accelerated the pace of ‘going out’ and ‘bringing in’ based

Award’. From the values to the concept of talent to the whole on sound operation in the domestic market. In late January

business philosophy the Company has built up a team full of 2025 after intensive preparatory work the Company formally

passion and fighting force armed with the corporate culture for submitted its application for H-share issuance and listing to the

many years. In order to improve organizational cohesion and Hong Kong Stock Exchange. The Company is actively promoting

stimulate employees' creativity to the fullest extent in addition and carrying out the relevant work in an orderly manner with a

to the new phase of the Share Incentive Scheme which is still view to achieving the listing of H shares in 2025 which will be a

in the 3-year exercise restriction period and will benefit more key milestone for the implementation of the internationalization

key employees the Company also optimizes the remuneration strategy and the empowerment of the business to go overseas.system and improves the performance appraisal system in order In the new year Anjoy Foods will not forget its original

to fully mobilise the initiative motivation and creativity of the intention adhere to its main business continue to innovate

Company's management and business backbones. be brave to explore and continuously strengthen the ‘hard

As an old saying goes food is of primary importance to the power’ of products channels and brands to create a new

people. The Company attaches great importance to food quality situation of sustainable and high-quality development and

and safety and has built a comprehensive quality control system deliver a satisfactory answer sheet for investors!

throughout the group and has also formed high norms and

standards in the selection of raw materials. Taking surimi the

strategic raw material of Anjoy Foods' quick-frozen flavored and Liu Mingming Chairman of Anjoy Foods Group

processed products as an example the Company is currently the

only enterprise in the industry that performs fat testing peroxide Enter Anjoy

value testing and MTG enzyme testing during the procurement

of surimi raw materials; in the procurement of freshwater surimi

and seawater high-grade surimi the Company requires the raw Established in December 2001 Anjoy Foods Group Guangdong Anjoy Shandong Anjoy Xinhongye Xinliuwu

material quality management personnel to be stationed in the Co. Ltd. is mainly engaged in research and development and Honghu Anjoy as well as Kung Fu Food of the United

factory to supervise the whole production process so that the production and sales of frozen food products such as Kingdom. With nearly 20000 employees the Company's

quality of surimi raw materials can be strictly controlled. The quick-frozen flavored and processed products quick- business territory continues to grow.Company's sub-brand ‘An Run’ which is mainly engaged frozen prepared dishes and quick-frozen f lour and After more than two decades of development the

in the processing of high-grade frozen freshwater surimi and rice products. The Company has set up 13 production company has grown into a leading frozen food enterprise

aquatic by-products has an industr y-standardized factor y marketing and research bases in China including Xiamen in China with significant influence and brand recognition.and its independently-produced high-grade frozen surimi is Anjoy Group Headquarters Wuxi Watson Taizhou Anjoy It is also the first company in China's frozen food industry

highly praised in the industr y for its high whiteness fewer Liaoning Anjoy Sichuan Anjoy Hubei Anjoy Henan Anjoy to achieve annual revenue exceeding 10 billion yuan

6 7Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

with a number of domestic catering chain customers

such as Zhangliang Spicy Hot Pot Bantianyao Grilled

Fish Xiabuxiabu Catering Haidilao Catering Fish You

Together boiled fish with Sichuan pickles and some

leisure food listed companies such as Zhouhei Duck

National Enterprise Food Juewei Food Hubei Xule Food Zhejiang Ruisong

Technology Centre Food Zhejiang Yufu Food and their upstream supply

chain enterprises to establish a cooperative relationship.National Frozen Seasoned In terms of C-end channels Anjoy has reached strategic

Aquatic Products cooperation with RT Mart Yonghui Walmart Wumart

Processing Technology R a i n b o w a n d ot h e r co m m e r c i a l h y p e r m a r ke t s . I n

R&D Sub-centre recent years the Company has adhered to the channel

National Surimi and strategy of ‘balancing BC and all-channel force’ on

Surimi Products the basis of consolidating the traditional distribution

Processing Technology and supermarket channels we continue to deepen the

R&D Sub-centre and profits surpassing 1 billion yuan. On February 22 Enterprise in Staple Food Processing Industry’‘ National development of omni-channels such as special pass

2017 Anjoy Foods Group Co. Ltd. was listed on the main Model Enterprise in Cultivating Industrial Brands’ new retail and interest e-commerce and maximize the

board of the Shanghai Stock Exchange under the stock ‘AA-level Enterprise in Credit Management of Entry-Exit benefits through a reasonable combination of channels.CNAS National abbreviation "Anjoy Food" and ticker symbol "603345." Inspection and Quarantine’ and ‘Leading Enterprise In the quick-frozen flavored and processed products

Accredited Laboratory In 2024 the company reported operating revenue of in Marine Industry of Fujian Province’. Up to now the segment the Company mainly produces frozen surimi

15.127 billion yuan a year-on-year increase of 7.70% and Company owns 369 valid patents including 77 invention products such as fish tofu fish roe buns and crabmeat

net profit attributable to shareholders of 1.485 billion patents; i t has undertaken more than 20 national steak and frozen meat products such as juicy beef balls

yuan up 0.46% year-on-year achieving notable profit provincial and ministerial projects and has presided mini sausage and xiami dumplings; in the quick-frozen

growth. This further solidified its leading position in the over or participated in more than a hundred standards prepared dishes segment the Company mainly produces

Most Competitive National Key frozen food industry and demonstrated strong resilience 63 of which have been completed and released including egg dumplings shrimp paste and thousand-layer tofu;

Chinese Prepared Leading Enterprise

of Agricultural in development. Notably the company’s quick-frozen 5 international standards. in the quick-frozen flour and rice products segment the Food Producer

Industrialization flavored and processed products segment generated The Company has formed a marketing network Company mainly produces steamed dumplings pastry

revenue of 7.839 billion yuan an 11.41% year-on-year centered on East China and radiating across the country pancakes milky steamed buns and brown sugar sponge

National National Model increase accounting for 51.82% of total revenue. As a including 10 branches 31 liaison offices 13 independent cakes. And Frozen goods' Boiled Fish with Sichuan

Demonstration Enterprise of result on March 15 2024 Anjoy Food was recognized as w o r k s t a t i o n s a n d n e a r l y 3 0 0 d i r e c t l y - a f f i l i a t e d pickles Deep-Fried Lotus Root with Pork Stuffing and

Enterprise of Staple Industrial Brand

Food Processing the "Most Competitive Chinese Prepared Food Producer" workstations. The Company's marketing model includes other products and Anjoy Xiaochu brand of cr ispy Cultivation

Industry in the "2024 Hurun China Prepared Food Producers Top distributors supermarkets Tetong Direct e-commerce fried pork Glutinous rice chicken and other seasoning

100 & Best-Selling Products Champions List" released by a n d n e w r e t a i l . I n t e r m s o f t h e B - e n d c h a n n e l products ; as wel l as the holdin g subsidiar y of the

AA-level Enterprise

in Credit the Hurun Research Institute reaffirming its industry- distributor resources have become one of Anjoy's core Xinhongye the Xinliuwu production of prepared aquatic Leading Enterprise

in Marine Industry of Management of leading strength. Currently Anjoy holds the top position competitiveness. Through continuous empowerment and dishes such as crayfish tails seasoned crayfish

Fujian Province Entry-Exit Inspection i n C h i n a ' s f ro ze n fo o d i n d u st r y i n te r m s o f s ca l e personal service Anjoy has formed a team of more than In the future Anjoy will continue to promote its

and Quarantine profitability and market capitalization. 2000 first-tier distributors with high loyalty and strong own sustainable and high-quality development and

T h e C o m p a n y a t t a c h e s g r e a t i m p o r t a n c e t o distribution capability; and has established relationships actively participate in the cause of building a healthy

i n v e st m e n t i n s c i e n t i f i c r e s ea r c h a n d f o l l o w s t h e

principle of specialization in the production process

369 77 which guarantees food safety product development and quality improvement and strongly promotes the

valid invention

patents patents development of the industr y. Anjoy has established

t h e ‘ N a t i o n a l E n t e r p r i s e Te c h n o l o g y C e n t r e ’

‘National Frozen Seasoned Aquatic Products Processing

Te c h n o l o g y R & D S u b - ce n t r e ’ ‘ N a t i o n a l S u r i m i

a n d S u r i m i P r o d u c t s P r o ce s s i n g Te c h n o l o g y R & D

Sub-centre’ and other platforms. ‘CNAS National

20 5 Accredited Laboratory’ and other platforms; “Nationalmore than 20 international Key Leading Enterprise of Agricultural Industrialization”national standards “National Demonstration Enterprise of Staple FoodProcessing Industry”and “National Model Enterpriseof Industrial Brand Cultivation”. The Company has been

awarded the titles of ‘National Key Leading Enterprise

in Agricultural Industrialization’ ‘National Model

8 9Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

China interpreting corporate social responsibility and commitment with practical actions setting a benchmark for the

industry and creating greater value for society. 2024 Enterprise Honor

fundamental tenet Award-Winning

of its business noble mission corporate values Organization Certificate of Honor Awarding Authority Level

Food is of primary Delivering Health and Responsibility

importance to Happiness Making Righteousness Action

Ministry of Industry and Information General Office of the Ministry National

Deliciousness Simpler and Win-Win Anjoy Foods Group Co. Ltd. Technology's "Digital Three of Industr y and Information Levelthe people Products" Excellent Application Case Technology

2024 China's Top 500

Anjoy Foods Group Co. Ltd. Agricultural Enterprises Farmer's Daily/Rural Development National

corporate style corporate vision (Ranked 66th)

Research Center Level

Act immediately Continuously pursuing

and do it with the progress to become the 2024 Fujian Top 100 Private Fujian Federation of Industry and Provincial

dedication world's leading food Anjoy Foods Group Co. Ltd. Enterprises (Ranked 32nd) Commerce Level

company

2024 Fujian Top 100 Fujian Federation of Industry and Provincial Anjoy Foods Group Co. Ltd. Manufacturing Private Level

Enterprises (Ranked 20th) Commerce

Corporate Mission

Since its establishment Anjoy has taken ‘Food is of primary importance to the people’ as the fundamental tenet 2024 Fujian Top 100 Innovative Fujian Federation of Industry and Provincial Anjoy Foods Group Co. Ltd.of its business. We have always harbored the noble mission of ‘Delivering Health and Happiness Making Deliciousness Private Enterprises (Ranked 38th) Commerce Level

Simpler’ and unswervingly put into practice the corporate values of ‘Responsibility Righteousness Action and

Win-Win’ At the same time Anjoy has a solid style of ‘Act immediately and do it with the dedication’ throughout Fujian Enterprise Confederation &

its daily operations and a corporate vision of ‘Continuously pursuing progress to become the world's leading food Anjoy Foods Group Co. Ltd. 2024 Fujian Top 100 Enterprises Entrepreneurs Association/Fujian Provincial

company’. (Ranked 69th) Academy of Social Sciences/Fujian Level

Anjoy knows that product power channel power and brand power are the key driving factors for business Radio Film and Television Group

development so we focus on these three core areas explore them in depth cultivate them in detail and constantly Fujian Enterprise Confederation &

explore their potential. In product development and production we strictly control the quality and strive to create Entrepreneurs Association/Fujian Anjoy Foods Group Co. Ltd. 2024 Fujian Top 100 Provincial

more excellent and higher quality products for consumers so as to win the trust of consumers and enhance the brand's Manufacturing Enterprises Academy of Social Sciences/Fujian Level

reputation. In terms of channel development we have actively laid out and built an efficient and diversified sales Radio Film and Television Group

network to ensure that our products can accurately reach our target customer groups. In terms of brand building we Fujian Provincial Fujian Provincial Department

will continue to invest in strengthening our brand image and enhancing our overall competitiveness through innovative Anjoy Foods Group Co. Ltd. Manufacturing Leading of Industry and Information Provincial

marketing service enhancement and other initiatives. Enterprise Technology Level

Xiamen Enterprise Confederation &

Three core products

Anjoy Foods Group Co. Ltd. 2024 Xiamen Top 100 Entrepreneurs Association/School Enterprises (Ranked 20th) of Management Xiamen University/ City level

Xiamen Daily/Xiamen Media Group

Anjoy Foods Group Co. Ltd. 2024 Xiamen Top 20 Private Fujian Federation of Industry and Manufacturing Enterprises Commerce City level

Xiamen Enterprise Confederation &

2024 Xiamen Top 10 Entrepreneurs Association/School

Anjoy Foods Group Co. Ltd. Manufacturing Enterprises of Management Xiamen University/ City level

(Ranked 7th) Xiamen Daily/Xiamen Media Group

quick-frozen flavored and quick-frozen prepared quick-frozen flour and 2023 China's Leading Frozen & Refrigerated Food Anjoy Foods Group Co. Ltd. Enterprise in Frozen and Professional Committee China Industry

processed products dishes rice products Refrigerated Food Industry Food Industry Association Honors

10 11Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Sustainability Management ESG Strategy Formulation and Implementation Process

This year Anjoy Food Group unveiled its sustainable development strategy centered on seven key drivers:

The Company has established a clear ESG governance structure to ensure effective management of "Channel-Driven Cost-Driven Brand-Driven Digitalization-Driven Hit Product-Driven Strategy-Driven and Culture-

environmental social and governance (ESG) related matters. The Company has established a Sustainability Driven" to advance high-quality corporate growth.Committee at the Board level which is responsible for ESG strategy formulation risk identification and execution Within its three core competencies—product excellence channel strength and brand power—Anjoy will

supervision forming a three-tier structure comprising the Board of Directors the Sustainability Committee and the rigorously uphold product quality standards build a diversified and efficient sales network and reinforce brand

management to ensure the systematic and efficient management of ESG. positioning through innovative marketing and enhanced services to boost overall competitiveness.the Board of Directors of the Company has the ultimate responsibility for ESG matters and ensures that ESG Looking ahead Anjoy Group will actively contribute to the "Healthy China" initiative demonstrating its

objectives are consistent with the overall strategic direction of the Company. The Board of Directors through the corporate social responsibility through concrete actions. By setting industry benchmarks and creating greater

Sustainability Committee considers and approves the Company's ESG strategies objectives and related policies societal value the Company aims to lead by example in sustainable business practices.receives regular reports on ESG work and supervises the disclosure of ESG information.The Sustainability Committee is a special committee under the Board of Directors responsible for analyzing the

global economic and industry situation formulating ESG strategies in light of the actual situation of the Company

identifying ESG-related risks and supervising ESG implementation etc. It is accountable to the Board of Directors Strategy The Board of Directors and the Sustainability Committee set ESG objectives and key performance

and reports on its work. The Company shall provide the Committee with the necessary working conditions the Formulation indicators (KPIs) based on industry trends regulatory requirements and stakeholder needs.company's securities legal affairs or agency is responsible for daily work such as work liaison meeting organisation

material preparation and file management while the management and relevant departments shall cooperate Policy and Management is r is responsible for the implementation of ESG policies approved by the Board of Directors

with the Committee. The members of the Committee shall be appointed by the Board of Directors from among Implementation with specific implementation by each business unit including environmental management social

the directors and shall consist of at least three members with a chairman appointed by the Board of Directors and responsibility and governance practices.presiding over the work.Oversight and The Sustainability Committee regularly reviews ESG implementation reports to the Board of Directors

ESG Organizational Structure Reporting and makes recommendations to management for improvement.Board of The Board of Directors assumes responsibility for ESG decision-making approves the ESG strategy

Directors and policy considers the annual ESG report and monitors the achievement of ESG objectives. Information

Disclosure The Company prepares an annual ESG report to ensure the transparency of ESG information.(i) Focusing on ESG development trends and ensuring that the Company's position and performance on

sustainability issues are up-to-date and in compliance with applicable laws regulatory requirements and

international standards;

(ii) Conducting research analysis and risk assessment on the Company's sustainable development and

ESG-related matters and proposing the Company's ESG vision strategy and structure;

(iii) Reviewing and approving the Company's ESG development objectives and key performance

indicators monitoring the progress of the implementation of ESG objectives and making

recommendations based on the results of ESG implementation and the achievement of performance

objectives;

Sustainability (iv) Supervising the operation of the ESG system of the Company's business segments considering and

Committee reviewing the impact of the Company's business on the environment and society responding positively

to emerging sustainability issues and providing the Board of Directors with recommendations and

proposals on enhancing the Company's sustainability performance;

(v) Regularly reporting to the Board of Directors on the Company's ESG-related work providing timely

feedback on the progress of the Company's ESG work the issues of concern to the Company from internal

and external stakeholders and putting forward proposals to improve the Company's ESG management;

(vi) Reviewing the annual ESG report of the Company and reporting to the Board of Directors;

(vii) Studying and making recommendations on other major matters affecting the sustainable

development of the Company;

(viii) Other matters authorized by the Board of Directors of the Company and other matters covered by

relevant laws and regulations.Management The management of the Company is responsible for the specific execution of ESG work and ensuring

level and that the Company's business segments implement the ESG strategy. The office of the Board of Directors

Relevant serves as the daily office of the Sustainability Committee undertaking duties such as work liaison

Departments meeting organization material preparation file management etc. At the same time it is equipped with

specialized personnel or organizations to assist in the promotion of ESG work.

12 13Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Stakeholder Communication Stakeholders Communication Channels Communication Highlights

The Anjoy Group continues to strengthen stakeholder communication identifying and sorting out ESG-

related issues of significance and promoting the organic integration of the concept of sustainability with corporate ● Public Welfare and Charitable ● Wuxi marketing team donated 100000 RMB to Xiamen University

development and management. Donations Education Development Foundation

Communities ● Social Responsibility Initiatives ● Xiamen Anjoy collected more than 2000 pieces of unused clothing

Stakeholders Communication Channels Communication Highlights and NGOs ● Participation in Industrial from all employees of the Company

Development Forums and Seminars ● Participated in the 24th China Convenience Food Conference

● Timely Comprehensive and Easy-to- ● Engagement in Corporate and NGO ● Participated in the Second Council of the Seventh Session and the

Understand Information Disclosure ● Responded to SSE e-interactive 139 times Exchange Meetings Third Executive Council of the China Aquatic Products Distribution and

● Regular Disclosure of Operational ● Held 2 performance briefing sessions Processing Association.Shareholders Information ● 1 online collective reception day for investors of listed companies in

and Investors ● Investor Research and Interactive the Xiamen area ● Academic Symposium

Communication ● 1 ‘Understanding My Listed Company and Entering the Greater ● Annual Academic Conference of ● Held and participated in the ‘Fourth Meeting of the First Academic

● Shareholders' Meeting Bay Area’ series of activities specialized in Anjoy Foods Corporate R&D Platform Committee of the Key Laboratory of Frozen and Conditioned Aquatic

● Investor Hotline ● Participation in University Board of Products Processing in Fujian Province’ and the ‘Fourth Working

Academic Trustees Meetings Meeting of the Second Academic Committee of the Key Laboratory of

Government ● Routine Regulatory Work Meetings ● Henan works closely with local governments to attract investment Experts ● Release of Industry Collaborative Frozen and Conditioned Aquatic Products Processing in the Ministry

and Regulatory ● Information Reporting and create a large number of jobs; Research Projects via Corporate R&D of Agriculture and Rural Development’ ‘2024 Annual Meeting of

Authorities ● Tax Authority E-mail ● Actively responding to the call to donate products to local Platform National Aquatic Products Processing Technology R&D System’.governments on the International Day of Disabled Persons. ● Attendance at Annual Technical R&D ● During the reporting year the Company released 3 horizontal topics

System Conference with Yearly Work to the public

● Manufacturer communication Report

meeting

● Customer service hotline ● Customer satisfaction scores were all above 90

Customers ● Distributor conference ● Customer service theme related activities and training for a total of ● Cooperation with Frozen Food Frozen Food Headline New

● Online store 20 times Ingredients Food Industry Home Sales and Market and other media

● Media Partnerships

● Social media platforms ● Closing rate of customer complaints 100 percent ● A total of 13 news reportsMedia ● Press Coverage

● On-site and special ● Interview with China Food News: ‘Zhang Qingmiao President of

● Executive Interviews

● questionnaire surveys Anjoy: Ten Billion Anjoy Surpassing the Road in Perseverance’.● Interviewed by Sales & Market Magazine: ‘Zhang Qingmiao of

Anjoy Foods: Building “Anjoy Speed” through Strategic Winning’.● Signing Sunshine Agreements

● Supplier Training ●

Suppliers and Conducted 465 vendor training sessions● Supplier Empowerment ● Total time 1127.6 hours

Business Partners ● Collaboration and Exchange to ● Total number of participants 4628

Support Partner Growth

● Conducted 28 labor unions resolved a total of 117 incidents

●

Employees Vocational Skills and Safety Training covering 303 people

● Occupational Health Protection ● Collected a total of 168 employee problems and the problem

and Labor ● Workers' Congress feedback rate is 96 percent

Unions ● Employee Care Activities ● Complaints/reporting mailboxes received 34 employee problems

and the problem resolution rate was 100%.● Company personnel hold positions in 11 associations including but

not limited to vice president council president executive director

● The Company participates in a total of 8 industry associations with

● Industry Exchange and Project levels including but not limited to vice-president unit and council

Cooperation

Industry member unit● Participation in Council Meetings ● The Company participated in 5 major industry conferences during

Associations Organized by Industry Associations the reporting year: the 24th China Convenience Food Conference

● Attendance at Industry Conventions the 2024 China Prepared Vegetable Industry Conference the Second

and Annual Conferences

Council of the Seventh Session of the China Aquatic Products

Distribution and Processing Association and the Third Standing

Council and the 21st Annual Conference of the Chinese Society of

Food Science and Technology.

14 15Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Materiality Analysis

Double Materiality Matrix

Materiality Matrix

1411070114110701

18171208021817120802

19161309031916130903

1006050410060504

1515

2624222026242220

2725232127252321

302928302928

Impact on Anjoy Food The importance to the company's financials

Critical Important Relevant Critical Important Relevant

01 Supply Chain 11 Product Quality & 20 Intellectual Property 28 Social Supply Chain Product Quality & Intellectual Property Social Management Safety Protection Contribution 01 Management 11 Safety 20 Protection 28 Contribution

02 Customer Service 12 Risk Management 21 Green Packaging & 29 Rural 02 Customer Service 12 Risk Management 21 Green Packaging & 29 Rural Circular Economy Revitalization Circular Economy Revitalization

03 Occupational 13 Talent Development 22 Nutrition & Health 30 Tech Ethics 03 Occupational Health & Safety Health & Safety 13 Talent Development 22 Nutrition & Health 30 Tech Ethics

04 Anti-Bribery & 14 Compliance 23 Energy Management 04 Anti-Bribery & Compliance Anti-Corruption Management Anti-Corruption 14 Management 23 Energy Management

05 Business Ethics 15 Anti-Unfair Competition 24 Responsible Marketing 05 Business Ethics 15 Anti-Unfair Competition 24 Responsible Marketing

06 Due Diligence 16 Stakeholder 25 Ecosystem & Stakeholder Ecosystem & Engagement Biodiversity Protection 06 Due Diligence 16 Engagement 25 Biodiversity Protection

07 R&D Innovation 17 Pollutant Emissions 26 Climate Change Response 07 R&D Innovation 17 Pollutant Emissions 26

Climate Change

Response

08 Shareholder 18 Waste Management 27 Water Resource Shareholder Water Resource Rights Protection Management 08 Rights Protection 18 Waste Management 27 Management

09 Data Security 19 Environmental Environmental Compliance 09 Data Security 19 Compliance

Employee Employee

10 Compensation & 10 Compensation &

Benefits Benefits

1617

The importance of impact on the economy

society and the environment

Importance to StakeholdersAnjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Key Changes to Material Issues in 2024 for Anjoy Group

Material Issues Material Issues

for 2023 for 2024 Changes Reason for change

Anti-Business Bribery and Anti-

Business ethics and Corruption The granularity of the information is enhanced through

anti-corruption

Business ethics splitting so that the key contents can be presented in a

more detailed and accurate manner. It makes the disclosure

Pollutant Discharge of information more standardized and detailed meets

Environmental Segmentation

Waste Disposal the requirements of the Self-Regulatory Guidelines for

Pollution Prevention Listed Companies on the Shanghai Stock Exchange No.Environmental Compliance 14 - Sustainability Report (for Trial Implementation) and

Management helps outsiders to have a more comprehensive and in-

Social Contribution depth understanding of the Company's performance and

Philanthropy effectiveness in various aspects.Rural Revitalization

Due Diligence Through the addition of new issues to enable the Company

to meet the requirements of the Self-Regulatory Guidelines

Anti-Unfair Competition for Listed Companies on the Shanghai Stock Exchange No.New Issues 14 - Sustainability Report (for Trial Implementation) to

Stakeholder Communication further enhance the compliance and standardization of the

Company's operations and to effectively resonate with the

Technology Ethics regulatory requirements.Information Security Data Security The presentation has been adjusted so that the content of the topics closely matches the regulatory guidelines such

Product and Service Quality and Change of as Self-Regulatory Guidelines for Listed Companies on the Product Quality and Safety Safety Shanghai Stock Exchange No. 14 - Sustainability Report Presentation (for Trial Implementation) and other regulatory guidelines

Biodiversity Protection Ecosystem and Biodiversity which effectively improves the quality of information Conservation disclosure and compliance.As the original topics lacked sufficient detail and some

Industry Synergy Deletion of them overlapped with existing topics the topics were

deleted to ensure the scientific and effective setting of the

topics. 01Compliant and Law-abiding

Operators

Corporate Governance ............................... 20

Risk Control ....................................... 26

Business Ethics .................................... 32

18 19Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Corporate Governance

Anjoy Group is committed to achieving high-standard corporate governance by establishing diligent and the Securities Law as well as guidelines including the Measures for the Administration of Information Disclosure

responsible Three-Board organizations (Board of Directors Supervisory Board and Shareholders’ Meeting) by Listed Companies and the Basic Standards for Enterprise Internal Control Anjoy Group aligns with its Articles

improving internal oversight mechanisms and building a diversified governance framework to elevate overall of Association to continuously enhance Three-Board governance. The Company actively organizes directors

governance standards. supervisors and senior management (DSMs) to participate in regulatory training programs strengthening their

While consolidating the high-quality development of its core business the Company continues to implement understanding of legal requirements. These efforts further refine the modernization of corporate systems and

internal control systems rigorously. In strict compliance with laws and regulations such as the Company Law and governance structures.Group Organizational Structure Diagram

Shareholders' Meeting Strategy Committee

Office of the Board Board of

of Supervisors Supervisors Compensation and Evaluation Committee

Board of Directors Office Supervisory Board Nomination Committee

Audit Committee

Board office

? Sustainable Development Committee

General Manager's Office General Manager

Manufacturing Center Technology Center Information Center Overseas Business Department Finance Center Operations Center Marketing Center

External Cooperation Center

（

2021

Audit Department

E-commerce Department

New Retail Department

Special Channel Department

Human Resources Department

Internal Operations Department Marketing)

Marketing & Planning Department

Supermarket & Hypermarket Department

Central China Region

Northeast Region

North China Region

Northwest Region

Southwest Region

Southeast China Region

Southeast China Region

Logistics Department

Finance Department

Procurement Department

Investment Department

Engineering Department

Securities Law Department

Management Department

Import and Export Department

Import and Export Department

Information Security Department

Intelligent Factory Department

Network Department

Software Maintenance Department

Software Development Department

Quality Department

Technical Department

External Procurement Department

Internal Operations Department(External)

Statistics Department

Equipment Department

Safety and Environmental Protection Department

Production DepartmentAnjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Three-Board organizations for a term of three years. Directors may be re-elected upon expiration of their term. The term of office is calculated from the date of appointment until the expiration of the current Board's term. Directors may concurrently serve as

the General Manager or other senior management personnel provided that the number of directors holding such

Shareholders’ Meetings 1 concurrent positions does not exceed half of the total number of directors.convened 1 annual Meanwhile Anjoy places emphasis on the diversification of the Board of Directors. Taking into account the

In 2024 Anjoy Group convened one annual shareholders' meeting Company's development model and business needs the composition of the Board is carefully considered from

shareholders' meeting and four extraordinar y multiple perspectives including gender educational background age and professional expertise. Among the

shareholders' meetings reviewing 34 proposals. members five non-independent directors possess unique insights into management capabilities while three

T h e s h a r e h o l d e r s ' m e e t i n g s v ote d o n m a j o r independent directors bring extensive experience and backgrounds in management research financial accounting

issues including the Company's business policies and marine biology respectively.shareholder return plan and profit distribution The Company appoints one General Manager hired or dismissed by the Board of Directors. The General

scheme H-share listing plan and amendments to

the Articles of Association. The Company provided Remune-

shareholders with on-site proxy voting and online Strategy ration and Audit Nomina-

Sustainable

Develo-

voting offering channels for investors especially Name Position Gender Age Committee Appraisal Committee tion pment

minority shareholders to participate in corporate Committee Committee Committee

governance and protect investors' legitimate rights and Liu Mingming Chairman of the Male 63

interests. All shareholders' meetings were conducted Board

with standardized procedures witnessed by lawyers Zhang Gaolu Vice Chairman of the Board Male 49

who issued legal opinions ensuring the legality Zhang Qingmiao Director/General Male 56

and validity of the resolutions. During the reporting Manager

period all proposals at the shareholders' meetings 4 34 Zheng Yanan Director Male 71

were approved with no incidents of insider trading by 4 extraordinary reviewing 34 Dai Fan Director Male 68

company shareholders or insiders or any matters that shareholders' proposals

meeting Huang Jianlian Director Male 54

harmed the interests of the Company and its shareholders. Independent

At the 2023 annual shareholders' meeting the shareholders authorized the board of directors to determine Zhang Mei Director Female 54

and implement the 2024 interim (including semi-annual and first three quarters) profit distribution plans without Zhao Bei Independent Director Female 67

submitting them to the shareholders' meeting for review provided that the cash dividend conditions and the Independent

upper limit of the cash dividend ratio were met. Meanwhile the Company amended the cash dividend ratio clause Zhang Yueping Director Male 54

in the Articles of Association increasing the annual profit distribution in cash from no less than 20% to 40% of the

available profit realized in the year. Note： represents being a member， represents being the convener of the committee.During the reporting period the Company implemented the 2023 profit distribution plan as resolved at the

2023 annual shareholders' meeting: The company's profit distribution proposal for 2024 is to distribute a cash Executive Directors (4 in total):

dividend of 1.015 yuan per share (including tax). Based on this calculation the proposed cash dividend this time is Diverse educational background from civil engineering urban planning business administration and food

296515331.98 yuan (including tax). In the interim period of 2024 (including the semi - annual and the first three - engineering.

quarter periods) the company has distributed a total of 680670663.56 yuan (including tax) in cash dividends to all Independent Directors (3 in total):

shareholders. According to Article 8 of the "Self - regulatory Regulatory Guidelines No. 7 for Listed Companies on Extensive experience and background in management research financial accounting and marine biology

the Shanghai Stock Exchange - Share Repurchase" when a listed company repurchases shares through centralized respectively.competitive bidding or tender offer with cash as consideration the amount of share repurchases implemented in

the current year shall be regarded as the amount of cash dividends and included in the calculation of the relevant

proportion of cash dividends for that year. In 2024 the company repurchased a total of 753600 shares of its own

stock through centralized competitive bidding with an amount of 62873869.00 yuan (excluding transaction fees).In summary the company's cumulative dividend amount in 2024 is expected to be 1040059864.54 yuan (including

tax) accounting for 70.05% of the company's net profit (audited) attributable to shareholders of the listed company

in the 2024 consolidated financial statements. 9 members 2 female Independent directors account for

of the board directors

Board of Directors of directors 1/3 of the board

of directors

The Board of Directors of the Company is accountable to the Shareholders' Meeting and exercises the

management and administration of the Company by the law. All directors strictly comply with the provisions of the

Articles of Association the Rules of Procedure for the Board of Directors and relevant laws and regulations. With

integrity diligence and a sense of responsibility they exercise independent objective and impartial judgment on 2 directors with 4 directors with

matters reviewed by the Board based on their professional knowledge and capabilities fulfilling their rights and PhD degree master's degree

obligations by the law.The Board of Directors consists of nine members who are elected or replaced by the Shareholders' Meeting

22 23Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

In 2024 the Board held 9 meetings to review 66 proposals all of which were approved. The Board also

organized 15 specialized committee meetings including 3 Strategic Committee meetings 6 Audit Committee

meetings 2 Nomination Committee meetings 3 Remuneration and Assessment Committee meetings and 1

Sustainable Development Committee meeting. These meetings focused on reviewing key matters such as financial

budgets and outbound investment plans providing professional advice for the scientific decision-making of the grade " "

Board of Directors. 170 A

announcement documents for information disclosure by the

Supervisory Board were disclosed in 2024 SSE in 2024

The Supervisory Board consists of 3 supervisors including 1 chairman elected by a majority vote of all

supervisors. The Supervisory Board comprises 1 shareholder representative and 2 employee representatives with

the employee representatives being democratically elected by the Company's staff. The selection and composition Among these the top 10 categories of announcements by quantity are as follows:

of supervisors comply with relevant laws and regulations as well as the Articles of Association. The Supervisory

Board has clearly defined responsibilities and all supervisors perform their duties diligently and responsibly.The Supervisory Board is responsible to the Shareholders' Meeting. In 2024 it convened 6 meetings to review Number of Number of

42 proposals all of which were approved. The Supervisory Board oversees the Company's financial status related- Category of announcements Category of announcements

party transactions and the legality and compliance of directors and senior management in performing their duties announcements announcements

safeguarding the interests of shareholders and employees. The current Supervisory Board consists of 3 supervisors (copies) (copies)

including 2 employee representatives. Use and Management of Proceeds 21 Standardized Operation System 20

Board of Directors and Supervisory Board 15 Corporate Governance 15

Shareholders' Meeting 15 Intermediaries' reports 14

Share buyback 11 IPeriodic reports 8

Equity distribution and implementation 7 Changes in important basic

3 information about the Company

6

consists of 3 6 convened 6 review 42 supervisors meetings 42 proposals The Company strictly complied with the Listing Rules of Shanghai Stock Exchange the Measures for the

Administration of Information Disclosure by Listed Companies and its internal policies adhering to the principles

of truthfulness accuracy completeness timeliness and fairness in information disclosure. We meticulously

standardized disclosure practices enhanced the awareness of subsidiaries and department heads regarding the

importance of information disclosure and deepened their understanding of information disclosure. In response

Remuneration Plan for Directors Supervisors and Senior Management to the "clear concise and easily understandable" disclosure requirements of the new Securities Law the Company

actively fulfilled its disclosure obligations completing the compilation of periodic reports and temporary reports

The remuneration of directors (excluding independent directors) supervisors senior management and other without issuing any corrections.leadership team members consists of a base salary and performance-based salary. The base salary is determined In 2024 upholding the principles of fairness impartiality and transparency the Company actively engaged in

based on job scope responsibilities importance and industry salary levels. The Remuneration Committee of the communication activities through earnings briefings the SSE e-Interaction platform investor hotlines and on-site

Board of Directors and the Company's HR department will set performance indicators for directors (excluding researches. Throughout the year the Company promptly responded to investor inquiries replying 139 times on the

independent directors) supervisors (excluding employee supervisors) senior management and other leadership SSE e-Interaction platform. To provide investors with a more timely understanding of the production and operation

team members and distribute performance-based salaries according to assessment results. situation it disclosed investor research summaries and publicly addressed recent investor general concerns on

Independent directors receive an allowance of RMB 100000/year (tax inclusive) paid quarterly in equal the SSE e-Interaction platform. During the year the Company held 2 earnings briefings 1 online collective investor

installments. reception event for Xiamen-listed companies and 1 Anjoy Foods special session under the "Know My Listed

Company - Enter the Greater Bay Area" series directly engaging with investors to enhance their understanding of

the Company's current operations and development prospects. A total of 37 research institutions published 98

research reports for the Company during the year.Information Disclosure and Investor Relations

In 2024 in strict compliance with laws and regulations including the Company Law Securities Law and the

Measures for the Administration of Information Disclosure by Listed Companies as well as the requirements

stipulated in the Articles of Association and the Information Disclosure Management System the Company replying 139 times on 1 online collective

diligently fulfilled its information disclosure obligations. 170 announcement documents were disclosed throughout the SSE e-Interaction investor reception

the year with no corrective announcements or disclosure errors occurring. The Company was awarded an "A" grade 139 platform in 2024 1 event for Xiamen-listed

for information disclosure by the Shanghai Stock Exchange in 2024. companies

24 25Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Risk Control Inventory Management

Anjoy Group has implemented a comprehensive BI system featuring 11 inventory management modules

Risk Management to monitor raw material inventory in real-time. The system tracks inventory availability days shortage alerts

overage reminders and 5-day material demand forecasts. Based on ending inventory 10-day projected demand

Anjoy Group adheres to a rigorous and standardized business philosophy. Under the Anjoy Foods Group and in-transit quantities it generates three-tier warning signals: red (critical shortage) yellow (caution) and

Financial System Regulations we implements strict screening and evaluation of suppliers. Background green (sufficient) enabling the procurement team to adjust purchasing plans promptly and ensure uninterrupted

investigations comprehensively verify qualifications and certifications assessing financial status production production. Additionally the system provides graded alerts for dormant materials at 30 60 and 90-day intervals

capacity scale industry position and personnel management capabilities. Evaluations also cover payment terms with monthly analysis conducted for items exceeding 90 days to reduce overstocking. Monthly reports in PPT format

transportation services (delivery timelines) and pricing support. For new suppliers of high-risk raw materials consolidate data on dormant materials and expiration alerts to optimize inventory control. Future enhancements

internal reviews are conducted strictly in compliance with regulatory requirements. Only after passing the review may include inventory optimization recommendations and supplier performance evaluation modules to improve

can suppliers be included in the qualified list with enhanced inspections for initial deliveries. This scientific and efficiency and cost management.stringent management system ensures stable operations prioritizes product quality secures supply chain stability

and maintains compliance enabling the Company to meet various due diligence requirements with ease. AI and Large Model Applications in Risk Management

The Company's Board of Directors has established an Audit Committee for formulating internal audit policies.The internal audit department executes audit plans and reports findings to the Board and management. With the The Company has established a centralized contract management platform integrating contract processing

starting point of preventing risks avoiding fraud standardizing financial processes and discipline and improving e-signatures physical seal control and AI archiving to mitigate contractual and seal-related risks. By linking

management standards Anjoy focuses on the Company's operational priorities and risk management. The payment terms with goods and fund flows operational risks are further reduced. Advanced analytics including

Company achieves understanding of the Company's economic activities beforehand auditing and supervising in large language models and big data technologies enable real-time monitoring of supplier and customer opreating

the middle of the process and summarizing the report afterward. We carries out key monitoring on major contracts conditions with early warnings for legal and operational risks. An in-house EDI system coupled with SCADA to PLC

external guarantees related-party transactions and large-scale fund transfers to ensure the legality compliance Connection ensures production data visibility from raw materials to finished goods guaranteeing product safety.and accuracy of financial information. By strengthening the implementation of internal control systems the For logistics a TMS system monitors temperature and humidity in real time during transit to maintain product

Company audits and evaluates the rationality compliance and timeliness of these systems assessing the internal integrity.control environment and operational risks to reinforce corporate governance.Contract Review Public Opinion Management

Anjoy Group has established comprehensive contract review procedures under the Anjoy Foods Group Financial To enhance the ability to respond to various types of public opinion Anjoy Foods developed the Anjoy Foods

System Regulations. All payment items (excluding personnel and incidental expenses) require contracts and Co. Ltd. Public Opinion Management Procedures in compliance with the Company Law of the People's Republic of

relevant approval documentation. Contracts must specify unit prices quantities and amounts (except for annual China the Shanghai Stock Exchange Listing Rules and its Articles of Association. This establishes rapid response

framework agreements where prices fluctuate with market conditions and are confirmed by purchase orders) and and emergency mechanisms to address operational reputational and investment value impacts from public

must be promptly filed with the Finance Department. For framework agreements with frequent procurement the incidents safeguarding investor interests.unit price of the items needs to be submitted to the General Manager for approval and the Finance Department

for filing on a monthly basis. All categories requiring contract approval and reporting must be provided contracts

or approval forms to Finance for record-keeping. Approvals involving the General Manager or Chairman follow

the established system workflow with Finance processing reimbursements or payments accordingly. Specific

procedures include:

For single contracts > RMB 2 million:

Initiator → Department → Finance → General Manager (Deputy → Finance Manager Cashier Manager Review General Manager) Approval Review → Payment

(Procurement Department payments ≤ RMB 2 million; Equipment Department hardware payments ≤ RMB 50000).For single contracts > RMB 2 million:

Initiator → Department → Finance

General Manager Group Deputy Finance

Manager Review → (Deputy General → General Manager → Manager →

Cashier

Manager) Approval Approval Review Payment

(Procurement Department payments > RMB 2 million; Equipment Department hardware payments > RMB 50000).

26 27Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

The Company maintains two dedicated units: a Routine Public Opinion Management Task Force and an

Emergency Leadership Group ensuring centralized command coordinated response and swift action across all

types of public opinion.

2 conducted 15852 underwent 2 internal control external audits 15852

Job Position Job Responsibilities training sessions

(1) Determining the initiation and conclusion of various

public opinion handling procedures;

The task force led by the Board Secretary serves (2) Formulating response plans for different types of

organized 6 employee

Routine Public as the Company's standing body for addressing public opinion information; 6 internal audits coverage 100%

Opinion matters of general public opinion. It regularly (3) Coordinating and organizing external publicity efforts

Management Task reports to the Board of Directors on public opinion during public opinion management processes;

Force management and makes decisions regarding (4) Responsible for submitting required information

related work including determining the release of to securities regulatory authorities and maintaining

external information when necessary. communication with the Shanghai Stock Exchange;

(5) Handling other relevant matters arising during public Internal Control Management

opinion management processes.During the reporting period the Company placed high importance on the improvement of internal systems and

When major unexpected public opinion incidents occur compliance management. It regularly conducted internal system reviews and revised or newly established relevant

the Board Office will lead the prompt establishment regulations through multiple board meetings. Specifically during the 5th 9th Board Meeting 5th 11th Board

Emergency The group is chaired by the Company's Chairman of the Emergency Leadership Group to provide Meeting 5th 15th Board Meeting and 5th 16th Board Meeting the Company reviewed and approved revisions and

Leadership Group with the general manager serving as deputy leader

unified command. The group may seek advice from formulations of several important systems. These systems primarily focused on corporate governance information

and members comprising responsible persons from professional intermediaries as needed while relevant

for Public Opinion disclosure related-party transactions board operations and overseas listing matters aiming to further enhance relevant departments and subsidiaries involved in departments and subsidiaries cooperate closely per their

Management corporate governance standards ensure lawful and compliant operations and safeguard shareholders' legitimate public opinion matters. responsibilities to control the dissemination of public rights and interests.opinion assess impacts implement resolutions and

report incident details and outcomes to the Board. Key Initiatives

Relevant Measures Standardizing the Selection of Accounting Firms

By regulating the process of selecting accounting firms the Company ensures

transparency fairness and impartiality. This approach improves the quality of financial

(1) When public opinion is reported or reposted by major financial media and may have or has already information protects shareholder interests enhances financial transparency boosts

had a significant impact on the Company's stock price we will proactively conduct self-inspections promptly investor confidence and reduces audit and compliance risks.communicate with the Shanghai Stock Exchange and issue clarification announcements while reporting

the self-inspection results to the relevant securities regulatory bureau. When necessary and as required by

regulatory authorities we may engage permanent intermediary institutions (including sponsors accounting

firms law firms etc.) to conduct verification and announce their findings. Improving Corporate Governance Structure

(2) Strengthen communication with investors by improving consultation services visit management and The Company enhances its corporate governance by developing and revising

survey responses. Make full use of the investor relations interactive platform to ensure all communication relevant systems. This clarifies management responsibilities and authorities optimizes

channels remain unobstructed. Provide timely updates to investors with messages such as "the Company governance mechanisms improves decision-making efficiency and standardizes

attaches great importance to the matter investigations are ongoing and results will be disclosed promptly." operations. Such measures help to minimize management loopholes and decision-

Implement mitigation measures to keep the market well informed reduce misinterpretations and prevent making errors strengthen risk resilience and establish a foundation for long-term

escalation of online discussions. stable development.

(3) Strictly comply with information disclosure regulations.

(4) Conduct post-crisis reviews and detailed analyses comprehensively evaluate crisis handling outcomes

implement recovery management plans and continuously improve crisis response capabilities through

lessons learned. Strengthening Information Disclosure Management

By standardizing information disclosure practices the Company ensures the

truthfulness accuracy completeness and timeliness of disclosures improves

During the reporting period the Company underwent 2 external audits and organized 6 internal audits disclosure quality mitigates legal and reputational risks and enhances market

(including 4 routine quarterly subsidiary audits and 2 special audits on raised funds). No risk incidents transparency and corporate credibility.occurred during the reporting period. The Company conducted 15852 internal control training sessions with

100% employee coverage.

28 29Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Whistleblowing Mechanism

Key Initiatives

The Company has established a comprehensive complaint and whistleblowing management mechanism to

standardize reporting channels and procedures ensuring timely and effective resolution of reported incidents. The

Group provides open and diversified whistleblowing channels which are publicly disclosed through the corporate

Supporting Hong Kong Listing (H Shares) website and integrity clauses. The Group achieved a 100% case resolution rate for all whistleblowing reports

By revising relevant systems the Company ensures its governance structure received during the year.complies with domestic and international laws and regulatory requirements prepares

for overseas listing meets the regulatory standards of the Hong Kong Stock Exchange

boosts confidence among international investors and enhances competitiveness and Initiation → Complaint Reception (multiple channels) → Quality Department Recording & Analysis

influence in global capital markets. Analysis Result → Unsubstantiated Complaint → Explanation & Compensation → Case Closure

Analysis Result → Substantiated Complaint → Food Safety Issue

Optimizing Investment and Public Opinion Management

By standardizing investment practices and strengthening public opinion → Batch Recall or Individual Compensation → Case Closure

management the Company improves the scientificity of investment decisions and Analysis Result → Substantiated Complaint →

risk control capabilities enhances its ability to respond to public opinion reduces Involving Affiliated Entities

investment risks and the impact of negative public opinion and elevates brand value → Resolution or Referral to Affiliated Entity → Rectification & Monitoring → Case Closure

and market trust.Case Conclusion → Performance Evaluation & Incentives → Rectification Verification

Ensuring Compliance with Laws and Regulations → Process Completion

The Company revises its systems by the latest legal and regulatory requirements

to ensure lawful and compliant operations mitigate compliance risks improve

governance standardization and transparency and provide legal safeguards for long- Complaints received

term stable development. Quality department Complaint

records and analysis established

Complaint established

Key updated or newly drafted regulations include: Complaint not Food safety issues Related companies

The Information Disclosure Management System which further standardizes the information disclosure established involved

practices of the Company and relevant obligated parties and strengthens information disclosure management; the Resolve or transfer

Articles of Association (Draft) and its appendices Rules of Procedure for Shareholders' Meetings (Draft) and Rules of torelated companies

Procedure for Board Meetings (Draft) which have been comprehensively revised in accordance with the Company's

plan to issue H shares and list on the Hong Kong Stock Exchange; the Related Party Transaction Decision-Making Explanation and Bulk recall or individual Rectification and

System which clarifies the decision-making procedures and requirements for related party transactions; the compensation compensation Supervision

Working Rules for Independent Directors Working Rules for the Board Audit Committee Working Rules for the

Board Nomination Committee and Working Rules for the Board Remuneration and Assessment Committee which

further improve the operational mechanisms of the Board and its specialized committees; the Management

System for Shares Held by Directors Supervisors and Senior Management and Their Changes which strengthens

the regulation of shareholding behavior by the Company's management; and the Confidentiality and Archives Case closed

Management System for Overseas Securities Issuance and Listing which ensures strict compliance with relevant

confidentiality and archives management requirements during the overseas listing process.The revision and formulation of these regulations fully demonstrate the Company's efforts in optimizing Assessment

governance structure enhancing information disclosure transparency and pursuing international development and Incentives

laying a solid institutional foundation for the Company's stable growth in the future. All revised and newly

formulated regulations have been reviewed and approved by the Board of Directors with some requiring further

review and approval by the shareholders' meeting and will officially come into effect on the date when the

Company's H shares are listed on the Hong Kong Stock Exchange. Until then the existing regulations will continue Rectification

to apply. Verification

30 End 31Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Anjoy Group encourages real-name reporting and has established a comprehensive protection mechanism violent behavior and creates a respectful and inclusive working environment. By strengthening organizational and

to safeguard whistleblowers' legitimate rights and interests. The Company strictly maintains confidentiality personnel discipline the Company requires employees to abandon provocative acts fighting and other behaviors

regarding whistleblowers' personal information (including name work company and home address) and reported to ensure standardized and efficient operations.content with all materials classified as confidential documents. During investigation processes Anjoy ensures Through the above measures Anjoy Group has deeply rooted the concepts of business ethics and anti-

whistleblowers' personal safety and never discloses their identity. The Company explicitly prohibits any department corruption in its corporate culture laying a solid ethical and compliance foundation for the sustainable

or individual from obstructing suppressing reports or withholding materials. Retaliation against whistleblowers development of the enterprise.will be disciplined according to internal policies with illegal cases referred to judicial authorities. In 2024 Anjoy Group recorded zero corruption-related legal cases and identified no internal corruption

incidents.Official Website: www.anjoyfood.com Responsible Marketing

Email: jianshihui@anjoyfood.com Responsible Marketing Training

Reporting Hotline: +86 15611603345 Anjoy Group attaches great importance to improving the professional capabilities and responsibility awareness of marketing staffs. During the reporting year the Company organized 234 training sessions covering multiple

Channels Mailing Address: Supervisory Board No.2508 Xinyang Road key areas reflecting its continuous efforts in responsible marketing. The training topics included 'How to Prevent

Haicang District Xiamen Fujian Province Chronic Diseases Through Diet' designed to help marketing personnel gain in-depth knowledge of healthy eating and communicate scientific dietary concepts to consumers to promote public health awareness; 'Effective

Communication Techniques' which enhanced marketers' communication skills to ensure more efficient and

transparent interactions with consumers and partners thereby building trust; 'Sustainable Growth of Fresh-Lock

Business Ethics Packaging' and 'New Product Promotion for Fresh-Lock Packaging' focusing on product innovation and sustainable development by guiding marketers to promote environmentally friendly and efficient fresh-lock technologies

that reduce food waste and practice green consumption concepts; 'Case Studies of New Product Launches'

shared practical cases to help marketers master scientific promotion methods ensuring new product launches

Anti-Unfair Competition & Anti-Corruption meet market demands while conveying brand value; additionally 'Skill Enhancement for Functional Roles and

Professional Development Pathways' provided career guidance for marketing personnel encouraging continuous

The Company's business ethics and anti-corruption matters are under the overall supervision of the Audit professional improvement and contributions to the Company's sustainable development.Committee. In accordance with relevant national laws and regulations the Company has established a sound

compliance management mechanism for key business ethics areas promoting its core corporate values of

"Responsibility Integrity Action and Win-Win" and is committed to building a comprehensive business ethics

management and supervision framework to enhance ethical standards and resolutely maintain fair just and

transparent business order.The Company conducts comprehensive compliance and audit supervision on business ethics provides

unimpeded compliance consultation and whistleblowing channels and strictly investigates violations of laws

regulations and disciplines. In its existing routine and special audits the internal audit department has incorporated

the assessment of business ethics and corruption risks in corporate operations in a timely manner according to the

Company's relevant policies systems and documents on business ethics and anti-corruption.Measures for Business Ethics and Anti-Corruption

Anjoy Group always regards business ethics and anti-corruption as core principles of corporate operation

which run through all aspects of corporate governance employee conduct and partner relationships. With integrity Sustainable Growth of Fresh-Lock Packaging New Product Promotion for Fresh-Lock Packaging

and compliance as the cornerstone we require all employees and partners to strictly comply with the "Sunshine

Clauses" in business management to ensure transparent and standardized business cooperation. The Company

has established a sound anti-commercial bribery compliance management mechanism resolutely prohibiting any

form of commercial bribery and corrupt practices strictly forbidding the exchange of financial or non-financial

benefits such as gifts rebates and employment opportunities and is committed to building a fair and just business

ecosystem.At the same time the Company requires employees to adhere to the principles of integrity and self-discipline

strictly prohibiting behaviors such as disclosing company secrets embezzling company property misappropriating

company funds soliciting or accepting bribes and eradicating falsification irregular guarantees and accepting

gifts or money from partners. Employees are prohibited from accepting any entertainment arrangements including

but not limited to banquets travel fitness or recreational activities that may compromise their impartiality in

performing duties. They are also forbidden from making improper recommendations or promotions of business

and products to partners so as to maintain the integrity of professional conduct.In addition the Company strictly complies with relevant laws and regulations on labor employment adheres

to equal employment and equal treatment of every employee prohibits any form of discrimination harassment or How to Prevent Chronic Diseases Through Diet Effective Communication Techniques

32 33Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Marketing Support

Anjoy Group consistently implements responsible marketing principles by providing comprehensive support

to distributors and end markets to promote healthy and sustainable consumption patterns. Throughout the year

the Company assisted distributors in organizing 84 ordering meetings 95 product tasting events and 15 sales

promoter mobilization meetings to enhance their understanding of product features and market trends thereby

improving sales capabilities. Simultaneously the Company actively participated in and supported 7494 agricultural

trade and supermarket activities to bridge the gap with consumers and communicate healthy dietary concepts. In

terms of channel expansion Anjoy Group helped distributors establish connections with downstream clients and

explore emerging channels such as community group buying to build a diversified sales network. Additionally the

Company provided distributors with full-fledged promotional support including offline terminal advertisements

at 18112 locations and thematic campaign materials to bolster the brand image and market penetration. Through

these initiatives we not only empower distributor growth but also fulfill our responsibilities to consumers partners

and society through concrete actions driving the healthy development of the industry.Dealer order meeting Supermarket activities

02 Innovative Product

Developer

Food Quality and Safety .............................36

Research Development ................................40

and Innovation

Nutrition and Health ................................49

Customer Service ....................................50

Data Security .......................................51

Product tasting event

34 35Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Food Quality and Safety Certificate Name Total number Certificate Name Total number

ISO22000 7 BRCGS 3

The survival and development of enterprises rely on a solid foundation of legal compliance. To ensure the ISO9001 6 FSSC22000 6

orderly implementation of food safety initiatives the Company has established dedicated positions including Food HACCP 6 ASC Certification 1

Safety Director and Food Safety Officers. During the reporting period all Group subsidiaries thoroughly studied

the updated Regulations on the Implementation of Food Safety Responsibility by Food Production and Operation CNAS（approbate） 1 COC Certification 1

Enterprises Supervisory Measures for Entrusted Food Production and newly issued national food safety standards. ISO14001 2 Certification 1

Following local food safety regulatory requirements the Company improved and submitted self-inspection reports

integrated traceability systems and further optimized the implementation of the "Daily Control Weekly Inspection ISO45001 2 Sedex（ Social Responsibility） 2

Monthly Scheduling" mechanism. ISO50001 1

In product design Anjoy consistently prioritizes legal and regulatory requirements as fundamental principles

applying them throughout R&D procurement equipment production and quality monitoring processes. During

the reporting period subsidiaries also studied the forthcoming Supervisory Measures for Food Labeling GB 2760-

2024 National Food Safety Standard for Food Additive Use and newly released national food safety standards. Quality and Safety Culture Development

Building on this the Company established a comprehensive Design and Development Control Procedure strictly

adhering to regulatory standards and consumer needs during formula development. Products must pass small- We firmly believe that the commitment of every employee builds the exceptional quality of Anjoy Group.scale and pilot-scale trials followed by approval through new product launch and production transition processes Anjoy Group actively disseminates quality culture through multiple initiatives including Quality Month

before mass production commences across Group subsidiaries. This ensures full regulatory compliance zero campaigns food safety knowledge assessments annual quality evaluations and pest control programs ensuring

quality defects and effective mitigation of food safety risks. these principles are deeply ingrained among all employees and partners. Concurrently the Company fosters a

strong culture of collective engagement in quality improvement by organizing knowledge competitions corporate

Product quality organizational structure quality conferences case study seminars and summer safety training programs thereby establishing a continuous improvement philosophy for quality and safety.Anjoy Group conducts regular quality and safety training sessions covering food safety knowledge hygiene

standards and regulatory compliance requirements. These programs enable employees to fully understand quality

Technology Center management specifications while enhancing their safety awareness and professional competencies.In 2024 Anjoy conducted 192385 internal and 71 external training sessions totaling 16744.65 hours with

773295 participants.

The Group set 334 food safety targets during the reporting period achieving 283 (84.73% completion rate).Technology

Quality Department Department

System Course Programming Course Testing Center

(10 people) (36 people) (15 people)

Various raw and auxiliary conducted 192385 totaling

Systematization compliance traceability On-site quality management work material product testing 192385 internal sessions 16744.65 hours

System Group Warehouse Group

Packaging materials systems Raw material acceptance product

internal motivation sampling inspection

71 conducted 71 external training Microorganism Group Physical and Development sessions 773295 participants

Microorganism testing Chemical Group Group

Physical and chemical sewage testing Large instrument testing projects

36 37Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Quality and Safety Measures

This year the State Administration for Market Regulation (SAMR) released multiple regulatory documents

including the Announcement on Optimizing the Labeling of Production Dates and Shelf Life for Pre-packaged Foods

draft Supervisory Measures for Food Labeling draft National Food Safety Standard - General Rules for Pre-packaged

Food Labels and draft National Food Safety Standard - Nutrition Labeling Rules for Pre-packaged Foods. The

Company proactively adjusted its production date labeling methods to adopt clearer printing formats. SAMR's 62- Import and Export Management

item Food Safety Risk Control List prompted the Company to conduct comparative analyses and training for quick- Anjoy Group strictly complies with the laws and regulations of its own country and the target countries in its

frozen flavored and processed products and quick-frozen flour and rice products while improving its "Daily Control import and export business to ensure compliant operations. A complete catalog of laws and regulations documents

Weekly Inspection Monthly Scheduling" system. Regional teams studied SAMR's Guidelines and Examination has been established within the Company covering key documents such as the Food Safety Law of the People's

Outline for food safety managers with supporting materials. Ongoing training ensured compliance with GB 2760- Republic of China and the Administrative Measures on Import and Export Food Safety of the People's Republic of

2024 (food additives) GB 44917-2024 (edible oil transportation) Food Business Licensing Review Guidelines MARA China. Before export multiple departments including the traders the Quality Department the E-commerce Direct

Announcement No. 821 and GB 4789.4-2024 (Salmonella testing) guaranteeing regulatory adherence. Sales Department and the Technology Department work together to proactively understand the food-related

Anjoy actively cooperates with the requirements of the State Administration for Market Regulation. Multiple laws regulations and standards of the target countries including basic food laws and regulations label regulations

bases have newly obtained the FSSC22000 system certification and several management systems such as the additive requirements etc. When signing the contract traders are required to provide relevant laws regulations

Knowledge Management Control Procedure Customer Satisfaction Evaluation Control Procedure Food Loss and and standards which are then archived by the Quality Department to ensure that all departments implement them

Waste Control Procedure and Production Line Start-up and Changeover Control Procedure have been added. In in place.response to the requirements of different domestic and foreign customers further revisions have been made to the Anjoy Group has also established a complete import and export process system to ensure that every link

Allergen Control Procedure Genetically Modified Organism Control Procedure etc. from customer product selection to final export is strictly regulated and executed efficiently. The process covers

Anjoy Group continues to optimize the EDI (Electronic Data Interchange) system to empower the management key nodes such as customer product selection formula review quotation order review label submission for

of the production site. It has cumulatively completed more than 78 optimization projects including the version inspection contract signing joint signing of packaging layout order production confirmation production and

upgrade of the quality supervision system the introduction of EDI management and control in the testing center warehousing factory inspection report shipment notice inspection application container loading customs

the development of 5 anti-fooling and error-prevention early warning and strong control measures the adaptation declaration shipment bill of lading issuance foreign exchange settlement export tax rebate and document filing.to the newly added automatic liquid supply and automatic powder supply systems and the improvement of the Each link is equipped with a clear approval process and form records to ensure information transparency and clear

one-click traceability success rate to about 99%. At the same time through the automatic generation of reports and responsibilities. All departments work collaboratively including the Technology Quality Procurement Production

the automatic unbinding of some processes the workload has been further reduced and the operational efficiency and Logistics Departments to ensure that the products meet the laws regulations and customer requirements of

has been improved. the target countries. In addition the process particularly emphasizes the timely feedback and handling of abnormal

In terms of product quality and environmental hygiene the Company always maintains high standards situations to ensure that problems are solved quickly. This reflects Anjoy Group's highly standardized and refined

and strict requirements. In addition to conducting microbial tests on products and in-process products 76959 management of its import and export business.environmental microbial sampling tests have been completed and the test results all meet the relevant national Through the above measures the Company has not only improved production efficiency and management

standards. To further enhance quality control the Company has adopted stricter internal control standards and the but also set a higher benchmark in terms of product quality and hygiene safety laying a solid foundation for

internal control qualified rate has reached 97.66%. In addition the Company has carried out high-density sampling continuously meeting customer needs.inspections of in-process and final products comprehensively covering key indicators such as product appearance

packaging appearance individual specifications net content taste and flavor to ensure the stability and reliability Product Sampling

of product quality. The Company ensures product quality and food safety of the products produced on behalf of others by means

of transfer acceptance at Anjoy's bases. The acceptance standards are all higher than or equal to the national

standards or industry standards of the corresponding products. The quality fluctuations of products are reflected

38 39Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

During the reporting period Anjoy Food invested RMB 97.2138 milion in R&D accounting for 0.64% of total

through the feedback of low-risk sensory indicators and economic indicators to give early warnings about the revenue..control level of the factory. Warning lines and return lines are set for high-risk safety indicators to strictly control

the bottom line of food safety. The Company's bases have accepted a total of more than 11150 batches (over 6.38 The Company has 508 R&D personnel accounting for 2.98% of the total number of employees in the Company.million pieces) of products from the foundries and the batch pass rate is 83.55%.In 2024 Anjoy's own bases produced a total of 88128 batches of products and the qualification rate of ex-

factory inspections was 100%. 2041 batches of type inspection reports were issued. The Company has accepted

official supervision sampling inspections at all levels with 627 countable inspections and the product qualification

rate is 100%.To ensure that the risks of quality and food safety are controllable Anjoy Group implements full-process

traceability management and gradually establishes and improves it through digital empowerment. In 2024

each base launched 15 simulated recalls and carried out 219 traceability drills to ensure the effectiveness of the R & D investment 97.2138 accounting for traceability and recall plans and strengthen employees' awareness of food safety risks and the operation process of RMB million of main business product recalls. revenue 0.64%

Research Development and Innovation

Led by Science and Technology

Anjoy Group's national research and development (R&D) business layout is established relying on the R&D

centers of each production base. Currently there are 18 R&D platforms among which 15 are scientific research Company R & D accounting for

platforms at or above the provincial and ministerial levels. These platforms have covered major sales regions such

as East China Southeast China Northeast China North China Central China South China and Southwest China. personnel of the total number of

Each R&D center has a technology department and a laboratory forming multi-dimensional business capabilities 508 employees 2.98%

including product development basic research industrial application inspection and verification etc. During the

reporting period of this report Hubei Anjoy was approved to establish an enterprise technology center in Hubei

Province providing strong support for the sales and R&D strategy of "R&D at the production site".

49people

41-50 21people people

206 years old

Over 50 170

years old

people Junior

College 125people

Under 30 Master's

years old 45 Degree or Abovepeople

232 Junior High people School or

Below

30-40 139peopleyears old 29people

Bachelor's

Degree High School or Technical

Secondary

School

40 41Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Anjoy Group in 2024 strictly complies with relevant national system documents on scientific and technologicalResearch and development personne（l 2022-2024) ethics such as the Guidelines to Strengthen the Governance over Ethics in Science and Technology and theMeasures for the Review of Scientific and Technological Ethics (Trial). The Company adheres to the principles of

scientific and technological ethics namely promoting human well-being respecting the rights of life upholding

fairness and justice reasonably controlling risks and maintaining openness and transparency to ensure that all

scientific and technological activities are carried out within the ethical framework.

2022 Honors and Awards

Product Innovation

2023 In August 2024 the 24th China Convenient Food Conference organized by the China Institute of Food Science

and Technology took place at the Kunshan International Convention and Exhibition Center. With the theme of "The

Light of 'New Quality' of Chinese Convenient Food under Forging Pressure" the conference focused on the needs of

2024 the industry and solved the common problems in development.

During the reporting period Anjoy Group continued to promote mid-to-high-end products represented by fresh-

locking packaging. At the same time it entered the high-growth market segments of the industry by adding ready-

to-cook dishes and sausage products seizing new potential for future development. Among them the Company

425 people 453 people 508 people focused on cultivating products for grill machine channels such as Volcanic Stone Sausage and Golden Baked Fish

Stick and included them in the annual promotion focus to further enhance brand influence and market share.Innovation Incentives At this China Convenient Food Conference Anjoy Golden Baked Fish Stick won the honor of "2023 - 2024 China

Anjoy Group attaches great importance to scientific and technological innovation. By formulating a wide- Convenient Food Industry Innovative Product" Anzi Selected Fish Belly won the "2023 - 2024 China Convenient

ranging incentive system it comprehensively stimulates the vitality of research and development. The Company Food Industry Innovative Product" award and Anjoy Paper - Skin Steamed Dumpling won the "2024 Most Popular

has issued the Anjoy Group Incentive Measures for Technological Transformation and R&D established a technical Convenient Food" award.reward fund mechanism and provides rewards for technological improvements paper publications patent In March 2024 the 12th China Food Ingredients E-commerce Festival 2024 of Liangzhilong was grandly held

applications etc. During the process of new product research and development and production launch phased at the Wuhan International Expo Center. Frozen goods Pickled Fish with Pickled Mustard Greens was rated as the

rewards are implemented and additional incentives are given to new products with excellent sales performance

after they are launched on the market. In addition the Company also provides corresponding rewards to teams that

have won provincial ministerial or national awards and those that have participated in the formulation of industry

or national standards. At the same time we are actively promoting the technological transformation process of

each factory in terms of production automation mechanization informatization and intelligence accelerating

product development and improvement and enhancing comprehensive strength construction such as product

quality improvement and cost optimization. Through this series of incentive measures Anjoy Group has not only

promoted technological innovation and achievement transformation but also injected strong impetus into the

sustainable development of the enterprise.Innovation Ability Training

The Company organized a total of 25 innovation ability training sessions throughout the year with nearly 1000

cumulative participants. The training content covers multiple fields including the specification of pre-packaged

food labels basic knowledge of patents preparation of formula operation instruction manuals new product

launch process technology research and development and innovation professional skills competitions innovation

incentive mechanisms as well as talent cultivation and team building.Scientific and Technological Ethics

25 innovation ability training sessions

nearly "2024 Gold Product of the Catering Supply Chain". Behind numerous honors it also demonstrates Anjoy Group's 1000 business philosophy of "Food is of primary importance to the people". By deeply cultivating products creating cumulative popular products and continuously providing consumers with more healthy and delicious food experiences Anjoy participants Group jointly promotes the sustainable development of the industry.

42 43Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

traditional beef balls and has a high-cost performance. Once launched the product has been highly recognized by

In May 2024 the 4th Jiangnan Innovative and Creative Food Exhibition co-hosted by the School of Food Science consumers.and Technology of Jiangnan University and the Communist Youth League Committee of Jiangnan University was ● The total meat content is 70%. Adhering to the core concept of greenness and health the ingredients are

held in the gymnasium. The Shrimp Ball of Anjoy Group was awarded the "Most Popular Product Award" of the simplified and the label is clear and concise allowing consumers to have a clear understanding at a glance so that

4th Jiangnan Innovative and Creative Product Exhibition. Each product of Anjoy reflects our persistent pursuit of they can buy and eat with confidence.

quality and precise grasp of consumers' needs. Anjoy is also well-aware of its responsibility for the development of ● The single-pack weight is carefully designed to be 400g meeting the diversified application scenarios such as

the industry. While developing itself it actively cooperates with industry partners to jointly promote the sustainable catering supermarkets and families. The vacuum fresh-locking technology is adopted making the products neatly

development of the entire food industry and leads the industry to move forward in a more healthy and innovative arranged effectively slowing down the oxidation of fat and reducing the water migration thus fully retaining the

direction. product quality. High-transparency food-grade packaging materials are introduced and a visual window is designed

to display the internal products increasing consumers' intuitive feeling trust and purchase desire.Scientific and Technological Awards

02 Tender Fish Balls

Project Name Award Category Award Level Awarding Institution

Key Technologies and First Prize of Scientific and The tender fish balls are mainly made of silver

Applications of Multi-scenario Technological Progress of China First Prize China National Light Industry Council carp fish meat. Relying on the regional advantages

Microwave Processing of Foods National Light Industry Council in 2024 of the stable raw material supply at the Hubei base

the mature silver carp collection and processing

Multidimensional Processing production line the "short-distance" fish meat

Technology and Industrial Scientific and Technological Progress Second Prize China Cuisine Association transportation and strict quality management etc.Application of High-quality Award the used fish meat has few impurities high whiteness

Meat Prefabricated Dishes and retains a large amount of nutrients presenting the

Key Technologies and Equip-

ment for Efficient Dehydration Scientific and Technological Progress

soft and tender feeling and white appearance of the

Processing of Vegetables and Award of China National Light Industry

Second Prize China National Light Industry Council fish balls to the greatest extent. The joint processing and production mode of Anjoy (Hubei) and Anrun

Green Utilization of Waste Council in 2024 (Hubei) gives full play to the advantages of both sides

in terms of raw material supply production technology

Innovation Case Innovation Features and Product Characteristics： ● The f ish meat collection and processing

● Good water breeds good fish. Fresh and live production line is arranged. Live fish are slaughtered

01 Chaoshan-flavored Beef Balls silver carp are carefully selected with tender meat and on-site the meat is collected efficiently and the a rich fish flavor. temperature is then lowered to preserve freshness and

ensure the quality of the fish meat used.● The ingredients are healthy following the

In order to meet the increasing demand of the original flavor of the fish meat and highlighting the ● Quick-freezing preservation is adopted to retain

South China regional market with the development tender taste of the product. the delicious flavor and soft and tender taste of the fish

strategy of developing localized new products Anjoy balls.launched the first traditional Chaoshan delicacy with

brand power product power and competitiveness-

beef balls. By screening superior raw materials and

exploring their application characteristics regulating

the production process designing the layout of the

production line and strictly controlling the quality

standards Anjoy has established multi-dimensional

technical barriers. With the characteristics of elastic

and tough taste juicy and rich application scenarios

the product has seized the mid-to-high-end market in Silver carp Meat extraction Shaping

the industry and radiated across the country showing

the potential to become a national bestseller.Innovation Features and Product Characteristics：

● The flexible beating technology simulates

the traditional manual beating process resulting in

a crispy texture and distinct layers of meat fibers.The unique and characteristic fragrant satay sauce

is skillfully matched with crispy garlic presenting

a strong Chaoshan regional flavor. It has a wide

audience highly restores the quality advantages of Fish cleaning Mincing Fish balls

44 45Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

consolidate the foundation of the strategic cooperation between the two sides jointly explore breakthroughs

in scientific and technological innovation and work together to cultivate high-quality talents who meet the

development needs of the industry. At the exchange meeting the two sides had extensive discussions on the

direction and mode of in-depth integration of industry university and research and shared their respective

experiences and needs in technical research and development talent cultivation and other aspects. Through

in-depth communication the two sides reached several consensuses in strengthening cooperation between

enterprises and universities promoting the transformation of scientific and technological achievements and

optimizing talent cultivation programs laying a solid foundation for future cooperation. This exchange activity is

not only an important milestone in the long-term cooperation between Anjoy Foods and Jiangnan University but

also opens a new chapter in the cooperation between the two sides in scientific and technological innovation and

talent cultivation.Premium Silver Carp Efficient Production Tender and Smooth Fish Balls

Selected fresh silver carp tender Mature fish meat processing line Tender smooth and flavorful

meat rich in nutrients

Innovation through Industry-University-Research Cooperation

Innovation through Industry-University-Research Cooperation

Anjoy Group attaches great importance to the integrated development of industry university and research. It

actively establishes long-term cooperative relationships with multiple universities promotes knowledge sharing

and talent cultivation and recruits high-quality talents from the industry and universities.The Company has carried out in-depth cooperation between enterprises and universities with Xiamen

University jointly exploring cutting-edge topics such as multi-brand operation models and the construction of

middle and senior management echelons. Among them the two topics "Exploration of Multi-brand Operation

Models" and "Research on the Construction of Middle and Senior Management Echelons" won the first and second

prizes respectively in the final PK competition of the MBA Business Diagnostic Practice (BDP) project of Xiamen

University. This fully demonstrates the Company's innovation capabilities and practical achievements in strategic

management and talent cultivation.Anjoy Group has also established industry-university-

research cooperation platforms with many universities such as

Jiangnan University Sichuan University Sichuan Agricultural

and Forestry University of Science and Technology and South During the reporting year the Company released 4 horizontal research projects externally

China University of Technology. Through various forms such

as joint research talent cultivation and internship practice it Platform Open

helps with the growth and development of young people. The Project Period Project Name Undertaking Unit

Company provides a large number of internship positions for

college students every year to help them combine theoretical January 2024 - High-quality Processing Technology and Product Development of South China Sea Fisheries Research

knowledge with practice and cultivate compound talents with December 2025 Silver Carp Surimi Based on Microbial Metabolism Regulation Institute Chinese Academy of Fishery

both innovative spirit and practical ability for society and the Sciences

industry. In the future Anjoy will continue to deepen industry-

university-research cooperation promote the transformation of

scientific and technological achievements inject new impetus January 2024 - Influence of Temperature-sensitive Colloids on the Extrusion and Jiangnan University

into the high-quality development of the industry and create December 2025 Molding Processes of Surimi Microwave 3D Printing

greater value for society.In August 2024 Wu Zhengguo Secretary of the Party

Committee of Jiangnan University led a delegation to visit January 2024 - Research and Development of Nutritionally Fortified Surimi

Anjoy Foods Group Co. Ltd. to deepen the cooperation and December 2025 Dalian Polytechnic UniversityProducts with Controllable Gel Strength

communication between the two sides. As a director unit

of Jiangnan University Anjoy Foods has always maintained

close contact with Jiangnan University. The two sides

had in-depth exchanges centering on industry-university- May 2024 - May 2026 Screening and Preparation of OVA Nanobodies Jimei University

research cooperation and visiting enterprises to expand

job opportunities. This exchange meeting aimed to further

46 47Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Participation in the Formulation/Revision of Standards Awards Related to Patents

Anjoy Group actively collaborates with universities research institutes and other enterprises to formulate and Anjoy Foods Group Co. Ltd. won the Excellent Award of the 25th China Patent for its invention patent "A

revise industry standards. Microwave Combined Heating Method for Improving the Gel Strength of Surimi Products". This technology

optimizes the microwave heating mode and adjusts the microwave power within a specified temperature range

Serial significantly improving the gel strength and production efficiency of surimi products. At the same time it conforms

Number Type 标准名称 标准号 发布日期 to the new trend of microwave heating in the processing of surimi products. This innovation not only enhances

01 Industry Standard Evaluation Requirements for Green Factories of Frozen Foods QB/T 5981-2024 2024.03.29 the elasticity and quality of the products but also provides an efficient and environmentally friendly solution for the food processing industry further promoting the technological progress and industrial development of surimi

02 Industry Standard Quick-frozen Spring Rolls QB/T 8009-2024 2024.03.29 products.

03 Industry Standard Quick-frozen Glutinous Rice Balls QB/T 8010-2024 2024.03.29

04 Industry Standard Glutinous Rice Cakes QB/T 8006-2024 2024.03.29 Nutrition and Health

05 National Standard Guidelines for the Labeling of Food Production Materials GB/T 44135-2024 2024.06.29

06 National Standard Technical Guidelines for the Management of Food Production Material Balance GB/T 43812-2024 2024.03.15 Anjoy Group continues to make efforts in the nutrition and health segment and is committed to providing

07 National Standard Frozen Surimi GB/T 36187-2024 2024.09.29 consumers with healthier and more nutritious products. The Company actively responds to the trend of healthy

eating by reducing the content of fat and sugar. According to GB28050 General Principles of Nutrition Labeling

08 National Standard Shrimp Paste GB/T 44980-2024 2024.12.31 for Pre-packaged Foods many rice and flour products of the Company qualify as low fat. At the same time the

09 National Standard Technical Specification for the Circulation Management of Aquatic Products GB/T 24861-2024 2024.06.29 proportion of sugar in products such as milk-flavored steamed buns custard bun fillings and red bean bun fillings has been reduced and low-sugar low-sweetness and miscellaneous grain series products have been launched to

10 National Standard Technical Specification for the Processing of Frozen Surimi GB/T 36395-2024 2024.06.29 meet consumers' needs for a healthy diet.

11 National Standard Technical Specification for the Transportation of Live Aquatic Products GB/T 36192-2024 2024.06.29 Anjoy follows strict management principles in its use of food additives. The Company implements the management mode of special personnel special warehouses special projects and special departments. From

12 National Standard Technical Specification for the Processing of Salted Fish GB/T 27988-2024 2024.06.29 procurement to feeding all additives are strictly implemented under relevant laws regulations and standards

13 National Standard Salted Fish GB/T 30894-2024 2024.06.29 and the use of non-edible substances is completely prohibited. The Company strictly controls the amount of

food additives used preferentially using food additives without dosage limits naturally extracted additives

14 National Standard Frozen Fish Slices GB/T 45061-2024 2024.12.31 and monomer additives with clear components and accurately measuring them before use to ensure that the

15 National Standard Meat and Meat Products - Determination of Polyphosphates ISO 5553:2024 verification and calibration of measuring instruments and the preparation records are accurate. In addition the

National Standard Meat and Meat Products - Determination of Company clearly states that it does not add additives for anti-corrosion and antibacterial and requires that the 16 Nitrite and Nitrate Contents ISO 7158:2024 raw materials provided by upstream suppliers do not contain preservatives aspartame and other controversial

components and conducts batch-by-batch inspections in the raw material acceptance process. The usage amounts

Intellectual Property Protection of all limited food additives are lower than the national standard limits further ensuring the safety and health of

Anjoy Group attaches great importance to intellectual property protection and regards it as an important products.cornerstone of innovation and sustainable development. By establishing a comprehensive intellectual property Through the above measures Anjoy enhances the nutritional and health value of its products demonstrates the

management system covering multiple fields such as patents trademarks and copyrights the Company actively Company's high sense of responsibility for consumers' health and sets an example for promoting the sustainable

safeguards its legitimate rights and interests through legal means. In the future Anjoy will continue to strengthen development of the food industry.the protection of intellectual property rights safeguard the achievements of innovation and set an example of

respecting intellectual property rights for the industry.Number of newly Total number Number of newly Total number of

added valid patents of added software software

this year valid patents copyrights this year copyrights

Application Granted Granted Application Granted Granted

Quantity Quantity Quantity Quantity Quantity Quantity

(Pieces) (Pieces) (Pieces) (Pieces) (Pieces) (Pieces)

Invention Patent 17 1 77 8 8 14

Utility Model Patent 9 8 56

Design Patent 33 22 233

Total 59 31 369

48 49Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Customer Service

Complaint Response

Anjoy Group attaches great importance to the feelings of customers. It has set up multiple channels such as

a customer service hotline an online official mall Weibo WeChat and the ODR (12315 Online Dispute Resolution

Platform) to receive consumers' feedback and complaints. At the same time Anjoy also irregularly collects

feedback complaints and suggestions from other channels and platforms. Internally relevant groups for complaint

handling have been established bringing together customer service and the quality department to communicate

about complaint handling quality improvement etc. to handle consumers' complaints and answer their questions

more quickly and conveniently.In 2024 the Company received 3741 complaints. Among them 2626 were quality-related complaints and

1115 were other types of complaints. The complaint closure rate was 100%. Among them 802 complaints were

from outsourced processing factories. Anjoy will spare no effort to improve product quality and service to provide

consumers with a better experience. Customer Privacy Protection

Anjoy Group attaches great importance to the collection use storage and sharing of customer privacy data.Data desensitization and encryption are carried out on customer privacy data. In incidents such as the leakage of

customer privacy data the Information Security Department is responsible for emergency response and handling.

100% Access to privacy data is carried out through the database operation and maintenance platform and zero trust The complaint closure rate was is implemented to prevent unauthorized access. The confidentiality of customer privacy data is guaranteed by the Confidentiality Agreement.In 2024 there were zero incidents of customer privacy leakage.

In 2024 the statistically verified number of complaints regarding the infringement of customer privacy and the

loss of customer information was zero.Customer Satisfaction

Customer satisfaction surveys have been conducted on multiple production bases. On the one hand hundreds

of questionnaires were sent to front-line marketing personnel and end customers. The survey content covered

product performance service level complaint handling product research and development transportation and

payment etc. The satisfaction scores were all above 90 points. Some suggestions were put forward on product self-

source foreign matter cold chain logistics and product pricing.On the other hand on-site investigations were carried out in the warehouses or sales sites of various sellers 0 Incident on Client 0 Confirmed Compliant on Privacy

to understand the warehouse temperature product sales product quality and consumers' feedback. Each Privacy Leakage Violation or Data Lossage

department analyzed the feedback from customers and made internal improvements to ensure that the product

quality meets customers' needs and continuously improves customer satisfaction.Relevant Training Data Security

The Company has held a total of 20 activities

and training with the theme of customer

service including themes such as "Together While providing consumers with safe and delicious food Anjoy Group attaches great importance to information

with You and the Fish" the New Product security work and makes every effort to protect consumers' personal information and corporate data security.Recommendation Meeting for Distributors in The Company has formulated the Data Security Management System and the Business System Emergency and

the Central China Region the Visit of Frozen Response Specification which strictly regulate the entire process of data from collection to use. Key data is

Food Kitchen and the Production and Sales encrypted for storage and backed up regularly and a complete emergency response mechanism is established to

Coordination Meeting and Marketing Short ensure that the business system can be quickly restored in case of emergencies. At the same time Anjoy adopts an

Videos. advanced security protection system to strengthen identity authentication and access control. It regularly organizes

data security risk assessments and promptly fixes potential vulnerabilities. In addition by regularly organizing

information security training for employees Anjoy enhances the information security awareness of all employees

making each employee a guardian of information security. It continuously optimizes the information security

management system to ensure the effectiveness and adaptability of information security work.

50 51Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Hierarchy Responsibilities

Composed of members of the Company's board of directors and senior leaders. This level is responsible for formulating the Supervision and Assessment Mechanism

Decision- long-term strategic plan for data security to ensure that data security work is in line with the Company's overall strategic The data security management department supervises and inspects the data security work of each department.making Level objectives. It approves major data security decisions such as data cross-border transmission strategies and data security The inspection focuses on the implementation of data security systems and measures.budget allocation.Data Security Management Department: Responsible for formulating and improving data security management systems

processes and standards. It organizes data security risk assessments compliance audits and other work and conducts Anjoy ensures data security through "six aspects of security one classification and

Management emergency response and handling of data security incidents. one training"

Level Business Department Heads: As the primary responsible persons for data security within their respective departments they

are responsible for implementing the Company's data security policies. According to business needs they formulate data

usage rules for their departments to ensure the secure use of data in business activities. Data Collection Security

Principle of Legality Legitimacy and Necessity: Data collection should be carried out in accordance with the law

Data Security Administrators: Responsible for the daily management of data including data classification grading storage and data should not be obtained by stealing or other illegal means.backup and restoration etc. They strictly authorize and monitor data access under the data security management system. Principle of Minimality and Necessity: Only collect the minimum types and quantities of data required to meet

Security Technology Team: Composed of experts such as network security engineers and penetration testing engineers. It specific purposes.Execution is responsible for constructing and maintaining the data security technical protection system such as firewalls intrusion Data Quality Control: Ensure the accuracy integrity timeliness and consistency of the collected data.Level detection systems data encryption algorithms etc. It promptly responds to various network security threats to ensure the

security of data transmission and storage.Ordinary Employees: In their daily work they are required to abide by the Company's data security regulations and use data Data Transmission Security

according to authorization. If they discover data security issues they should promptly report to the relevant departments.Encrypted Transmission: Use encryption technology to protect the security of data during the transmission

process.Four Operational Mechanisms of Data Security Identity Authentication: Conduct identity authentication at both ends of data transmission to ensure the trustworthiness of both transmitting parties.Integrity Verification: Use verification technology to ensure that data is not tampered with during the

transmission process.Communication and Coordination Mechanism

Regular data security work meetings are held organized by senior leaders and attended by heads of various

departments. These meetings discuss the implementation of the data security strategy solutions to major data Data Storage Security

security issues etc. Classified and Graded Storage: Classify and grade data for storage according to its importance and sensitivity.Each department timely communicates data security-related information and the implementation of relevant Access Control: Implement strict access control strategies to ensure that only authorized personnel can access

systems through OA and other means. relevant data.Backup and Restoration: Establish a data storage backup mechanism and regularly conduct backup and

restoration drills.Risk Assessment Mechanism

The data security management department regularly organizes data security risk assessments. In special Data Processing Security

situations (such as major data security incidents and significant changes in business systems) risk assessments

can be carried out at any time. Principle of Minimization: Follow the principle of minimization during the data processing process and only

Technical personnel use qualitative and quantitative methods to identify analyze and evaluate data process the data required to meet specific purposes.security risks. Based on the assessment results corresponding risk control measures are formulated and the Data Desensitization: Desensitize sensitive data to reduce the risk of data leakage.implementation effects of these measures are tracked. Security Audit: Conduct security audits of data processing activities record and monitor the data processing

process.Data Exchange Security

Emergency Response Mechanism

Approval and Agreement: Strict approval should be obtained before data sharing and a cooperation agreement

Formulate the Business System Emergency and Response Specification system and the emergency response plan should be signed with the sharing party.for data security incidents clarifying the emergency response process the responsibilities of each department Secure Transmission: Adopt secure transmission methods during the sharing process to ensure that data is not

and emergency handling measures. leaked.When a data security incident occurs the emergency response mechanism is quickly activated according to the Personal Information Protection: When sharing personal information comply with the requirements of relevant

emergency response plan. The data security management department coordinates the emergency handling of laws and regulations to ensure the security of personal information.each department to control the situation and reduce losses.

52 53Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Data Destruction Security Specification system. This enables the comprehensive efficient and orderly implementation of the emergency response mechanism for business systems and maintains the continuity of business systems.Clear Destruction Mechanism: Establish a data destruction mechanism and clarify the deletion methods of

storage media and the data destruction process. Daily Information Security Incidents

Reliable Destruction Technology: Adopt reliable technical means to ensure that the deleted and destroyed data The handling mainly refers to the daily alarm monitoring and analysis processes. In the daily alarm analysis

cannot be recovered. process the risk assessment is carried out by the analysis and judgment post. And a tracking record of security

Destruction Audit: Audit and record the data destruction process to ensure the compliance of the destruction alarm handling and a security alarm handling notification form will be formed.activities.Data Classification and Grading Daily Alarm Monitoring Process

According to the degree of harm caused to economic operation social order public interests or the legitimate Alarm Alarm Analysis Alarm Tracking

rights and interests of individuals and organizations once the data is leaked tampered with damaged or illegally Detection and Disposal and Closure

obtained used or shared general data is divided into four levels from low to high: Level 1 Level 2 Level 3 and

Level 4.Safety

Monitoring Post Known / Repeated Execute the Avoidance Alarms and Optimization Process End

Level 1 Data

Once the data is leaked tampered with damaged or illegally obtained used or shared it will not cause harm to Start Internet Malicious Change the alarm status to Complete alarm disposal

Attack Alarms "Under Disposal" report to the change the alarm status

the rights and interests of individuals or organizations. Level 1 data has the attribute of public dissemination and (Attack Detection / safety operation supervisor for and evaluate the alarm

can be publicly released forwarded and spread externally. However it is also necessary to consider the quantity Attack Failure) confirmation of disposal Network Security Operation Monitoring Daily Report、

and categories of the publicly released data to avoid being used for correlation analysis due to a large number of Detect Conduct initial Network Security Monitoring alarms Data Summary Table

categories or a large quantity. through the alarm analysis

situation to preliminarily

(Successful Conduct threat analysis

determine the type Attack / Loss Summarize and and research feedback Informawareness of alarm Alarm submit to the analysis strengthen safety platform and research post monitoring and track the

or security Alarm to be change the alarm progress of alarm disposal

products Investigated status to "Under

Level 2 Data Regulatory Disposal Receive disposal Issue Alarm Alarm Application feedback

Once the data is leaked tampered with damaged or illegally obtained used or shared it will cause general for Analysis and Research Record

harm to the rights and interests of individuals and organizations. Level 2 data is usually shared and used within Sheet

the organization and among related parties. After obtaining the authorization of the relevant parties it can be Safety

shared outside the organization. Operations Know the results of Confirm disposal threat alarm disposal

Supervisor summarize alarm monitoring / report

Incident

Level 3 Data Response Execute the Threat Disposal Process

Once the data is leaked tampered with damaged or illegally obtained used or shared it will cause serious Position

harm to the rights and interests of individuals and organizations. Level 3 data can only be accessed by authorized

internal institutions or personnel. If the data needs to be shared externally relevant conditions need to be met Analysis &

and the authorization of the relevant parties needs to be obtained. Assessment Execute the Daily Alarm Analysis Process

Position

Level 4 Data

Emergency Information Security Incident Risk Assessment

Once the data is leaked tampered with damaged or illegally obtained used or shared it will cause particularly

serious harm to the rights and interests of individuals and organizations or cause general harm to economic The management of the security emergency response team shall conduct a risk assessment and issue disposal

operation social order and public interests. Level 4 data is strictly managed according to the approved plans based on the assessment results.authorization list and can only be shared or disseminated within a controlled range after strict approval and

evaluation. Data Security Training

● The relevant departments shall conduct training on employees' data security awareness at least two times a

year to ensure that employees have enough time to deeply learn and understand the relevant knowledge of data

Data Security Emergency Response Process security.●

In order to ensure that Anjoy Group can quickly and effectively handle emergencies of various business The organization or individual can choose an appropriate training method according to the actual situation

systems (such as technical failures cyberattacks etc.) it has established the Business System and Corresponding and ensure the pertinence and practicality of the training content.● After the training the training effect shall be evaluated. This can be done through examinations

5455

Other AlarmsAnjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

questionnaires practical operation tests and other means.● The organization shall establish a sound training record system to record and file information such as the

time place content participants and training effect of each training.Business Secret Management System

● Identification of Business Secrets: Data security specialists shall classify and grade each database and

manually identify the confidential data in the high-level databases.● Access Control of Confidential Data: Access control of confidential data shall be carried out through the

database operation and maintenance platform and the zero-trust intranet access software. The confidential data

shall be desensitized and personnel operations shall be restricted through policies. Authorized personnel shall

access the confidential data indirectly through the proxy. For the storage locations of confidential data such as

computer rooms corresponding access control systems surveillance cameras and other facilities shall be set up.Personnel entering and exiting shall be registered and can only enter if they have access control rights.● Confidentiality Awareness Training: The employee handbook contains regulations on relevant confidential

data. When employees join the Company they shall sign the Confidentiality Agreement if necessary.● Emergency Response: For emergency responses to events such as data leakage the information security

department shall be responsible for event tracking and disposal.In 2024 there were no data security incidents in Anjoy Group.

0 Data Security Incident

03 Guardian of Lucid Waters and

Lush Mountains

Green Operation......................................58

Climate Change Response .............................64

Clean Production ....................................66

Water Resources Management ..........................73

Energy Utilization ..................................76

Ecosystem and Biodiversity Protection .............78

Green Supply Chain Construction .....................79

56 57Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

The specific responsibilities of the environmental management agency are as follows:

Green Operation

Rank Responsibilities

Anjoy Group adheres to the concept of green and sustainable development sets environmental goals pursues ● Take overall responsibility for the environmental management work of the enterprise.the recycling of resources and actively explores ways to reduce energy consumption intensity. It complies with ● Be responsible for supervising and guiding the work of the enterprise's environmental protection specialists and

the relevant systems of the Environmental Protection Law of the People's Republic of China and in the process Enterprise reviewing the enterprise's environmental reports and environmental information etc.of production and development it adheres to implementing environmental protection as a basic national policy Environmental ● Be responsible for organizing the formulation and implementation of the enterprise's pollution reduction plan

adheres to the principle of "prevention first combined with prevention and control" and adheres to the principles Management Team and implementing the reduction targets.of combining resource protection with damage control overall planning special treatment highlighting key points Leader ● Be responsible for organizing the formulation and implementation of the enterprise's internal environmental

step - by - step implementation and "whoever pollutes shall be responsible for the treatment". While ensuring management system.high-quality products it also takes into account high-standard environmental protection requirements. ● Be responsible for establishing and organizing the implementation of the enterprise's emergency system for environmental emergencies.Governance Structure ● Be responsible for formulating and supervising the implementation of the enterprise's environmental protection

The Company and its subsidiaries have established an equipment department under the manufacturing center work plans and rules and regulations.● Be responsible for the implementation of the enterprise's pollution reduction plan and provide technical support

as the environmental management agency. The equipment department is responsible for the overall environmental for the work and assist in the verification of pollution reduction.protection work of the Company and is responsible for the implementation of the Company's environmental ● Assist in organizing the preparation of the environmental impact reports and the "three simultaneous" plans for

management and the development of relevant performance work. This department also has a special the enterprise's new construction reconstruction and expansion projects and urge their implementation.environmental protection specialist position specifically responsible for environmental protection management Deputy Team ● Be responsible for inspecting the operation status of the production facilities that generate pollution pollution

work. The specific structure is as follows. Leader of Enterprise prevention facilities and facilities with potential environmental safety hazards in the enterprise and supervising the

Environmental work of each environmental protection operation post.Management ● Be responsible for inspecting and grasping the pollutant discharge situation of the enterprise.● Be responsible for reporting the pollutant discharge situation the operation status of pollution prevention

General manager facilities the progress of pollutant reduction projects and the achievement of the main pollutant reduction targets to

the environmental protection department accepting the guidance and supervision of the environmental protection

department and cooperating with the environmental protection department in supervision and inspection.● Assist in carrying out work such as cleaner production energy conservation and water conservation.● Organize the preparation of the enterprise's environmental emergency plan promptly report sudden

environmental pollution incidents to the environmental protection department and deal with them.Manufacturing Center ● Be responsible for environmental statistics work.● Be responsible for organizing environmental protection knowledge training for the enterprise's employees.● Do a good job in water quality testing effectively control the quality and ensure that all indicators of the effluent

Members of Enterprise meet the discharge standards.Equipment Department Environmental ● If the test results are found to be exceeding the standard or showing signs of exceeding the standard directly take samples from the water treatment for further testing analyze and find out the reasons.Management ● Be responsible for the calibration of the tools and instruments in the sewage treatment station including dissolved

oxygen meters pH meters etc.Environmental Risk Management

Environmental Protection Specialist

Anjoy Group has always adhered to the concept of sustainable development strictly complied with national

and local environmental protection laws and regulations and comprehensively implemented systems such as the

Law of the People's Republic of China on the Respo Response and the Fire Control Law of the People's Republic of

China. To ensure that environmental risks are controllable each base of the Company has specifically formulated a

sound emergency plan management system covering links such as environmental risk identification prevention

monitoring and emergency handling.Prevention and Early Warning

Anjoy actively takes various measures to strengthen the monitoring of risk targets for all possible sudden

environmental incidents and has established an emergency early warning mechanism striving to achieve

"early detection early reporting and early handling". By strengthening the management of risk substances and

units implementing the equipment maintenance management system ensuring that emergency supplies and

equipment are in good condition and conducting regular emergency training and drills the occurrence of sudden

environmental incidents can be effectively prevented.Anjoy has established a complete prevention system in environmental management covering multiple

58 59Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

fields such as rules and regulations monitoring measures chemical management wastewater treatment waste

gas emissions fire prevention soil protection and emergency supplies management. Through comprehensive

preventive measures environmental and safety risks have been effectively reduced and the stable operation of Emergency Supplies Management

production and the sustainable development of the environment have been guaranteed. Supplies Stockpiling: Have a list of emergency supplies and equipment.Regular Inspections: Inspect monthly to ensure supplies are available.Unified Allocation: The logistics support team is responsible for allocation.Monitoring and Alarm

Video Monitoring: Monitor key areas like the factory area sewage treatment station and workshops.Real-time Monitoring: Monitor equipment operation personnel activities and trigger abnormal alarms.Important Facilities Maintenance

Regular Inspections: Inspect emergency vehicles water supply power supply and sewage treatment facilities

regularly.Equipment Maintenance: Ensure equipment operates within the safe service life.Chemicals Management Unified Allocation: The logistics support team is responsible for allocation.Procurement: Select qualified suppliers and obtain safety technical specifications.Storage: Store in categories managed by dedicated personnel with regular inspections.Usage: Standardize operations to prevent leakage and equip with protective devices.Other Measures

Labor Protection Supplies: Strictly wear labor protection supplies and comply with safety operation procedures.Safety Education: Incorporate into business management and popularize safety knowledge.Skill Training: Improve employees' emergency handling capabilities.Wastewater Treatment

Facility Operation: Adopt a dual-pump system and conduct regular patrol inspections for stable operation.Water Quality Monitoring: Regularly entrust external testing to ensure compliant discharge.Emergency Measures: Set up accidental wastewater ponds emergency valves and emergency pumps.Waste Gas and Lampblack Treatment

Equipment Maintenance: Regularly overhaul and replace consumables for normal operation.Emission Control: Discharge at high altitudes to avoid unorganized emissions.Patrol Records: Conduct daily patrols and address any issues promptly.Fire and Explosion Prevention Key control of explosion-proof storage cabinets

for hazardous chemicals Accident emergency pool sign

Fire-fighting Facilities: Equip with fire extinguishing systems and sprinkler devices and maintain regularly.Equipment Explosion-proof: Use explosion-proof electrical equipment and improve lighting protection and anti-

static facilities. In terms of early warning Anjoy Group has established a sound early warning mechanism for sudden

Employee Training: Provide fire protection knowledge training and conduct emergency drills. environmental incidents. According to the level of the incidents the early warnings are classified into red (social

level) orange (company level) and yellow (workshop level). The early warning information is obtained through

external channels (such as the heavy rain and typhoon warnings issued by the government) and internal channels

(such as equipment failures chemical leaks fire protection facilities failures etc.).The emergency leadership team activates the corresponding emergency plans according to the development

Soil Protection of the situation and takes measures such as issuing early warning notices investigating risk sources mobilizing

Anti-seepage Measures: Apply anti-corrosion and anti-seepage treatments to the ground and walls of the emergency supplies organizing rescue teams to prepare for action etc. When necessary it will transfer or evacuate

wastewater treatment station. personnel and seek external support. After the situation is brought under control and after the risk is confirmed

Emergency Interception: Install emergency valves at rainwater inlets to prevent pollution spread. to be lifted through evaluation the emergency commander-in-chief will issue an order to lift the early warning.Through the hierarchical early warning and rapid response it is ensured that sudden environmental incidents can

be effectively dealt with and the environmental impact and losses are minimized.

60 61Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Accident Environmental Monitoring

Anjoy Group has strictly prepared its self-monitoring plan in accordance with the requirements of national environmental

monitoring specifications and completed the filing in the Self-Monitoring Management System for National Pollutant Source

Alert Received by Department Enterprises. By equipping an automatic wastewater discharge monitoring system and entrusting a third-party professional

Head or Duty Manager institution for operation and maintenance the authenticity accuracy and integrity of the monitoring data are ensured.All production bases of the group have established a complete monitoring system achieving full coverage monitoring of key

pollution factors. The monitoring of water pollutants covers characteristic indicators such as ammonia nitrogen SS (suspended

Emergency level II

Organization Accident Level solids) BOD5 (biochemical oxygen demand for five days) total nitrogen total phosphorus fecal coliforms and anionic

Assessment Information FeedbackEstablished surfactants. The waste gas monitoring system includes key parameters such as ammonia hydrogen sulfide odor concentration

Emergency Personnel and ozone and the emission monitoring is carried out simultaneously.in Position level II

Activate Company Environmental Awareness EnhancementEmergency On-site Isolation

Communication Emergency Plan Anjoy Group comprehensively improves employees' environmental protection awareness and emergency response

Assurance capabilities through systematic emergency plan drills publicity education and training as well as a mechanism of rewards and

Personnel Evacuation punishments for responsibilities. The Company organizes practical drills (including procedural and verification drills) and tabletop

Emergency Resource

Allocation drills every year to test the effectiveness of the emergency response plans and the coordination and linkage capabilities among Emergency Rescue various departments. It also evaluates and summarizes the effects of drills to continuously improve the emergency management

system.First Aid Meanwhile the Company regularly conducts special training on fire protection chemical handling first aid etc. to ensure

that employees master the necessary emergency skills especially that personnel in key positions receive targeted training every

Emergency Response On-site Treatment year. In addition the Company further strengthens the environmental protection responsibility awareness of all employees by

rewarding individuals and teams that perform outstandingly in emergency response and holding those accountable for dereliction

On-site Monitoring of duty. This ensures that environmental protection is deeply ingrained in people's hearts and implemented in practical actions.Anjoy has taken remarkable measures in environmental protection investment this year. The environmental protection

Material Transfer investment statistics for this year have added Shandong Anjoy and Honghu Anjoy demonstrating the Company's positive attitude

and practical actions in environmental protection. It has made efforts for the Company's sustainable development and the

protection of the local environment. During the reporting period Anjoy's total investment in the environmental protection field

Information Collection was 50.2668 million yuan.N

On-site Cleanup Incident Control Request Reinforcemen

Total investment in the

Lift Alert Y environmental protection

field was 50.2668 million 50.2668

Emergency Recovery yuan

Post-Incident Handling

Accident Investigation

Emergency Termination Summary Review and Rectification

62 63Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

of revenue by 18% in the next five years.

2024Total Environmental Protection Investment (in ten thousand yuan)

Carbon Emission Management

When calculating the greenhouse gas emissions Anjoy Group strictly refers to international and domestic authoritative

988.29

1000 standards and methods including ISO 14067 (Standard for Quantification and Communication of Product Carbon Footprint) GHG

900 Protocol (Greenhouse Gas Accounting System) and GB/T 32150 General Rules for Accounting and Reporting of Greenhouse Gas

800 Emissions from Industrial Enterprises. At the same time by the specific requirements of the Guidelines for Accounting Methods

700 and Reporting of Greenhouse Gas Emissions of Chinese Enterprises in the Food Tobacco Alcohol Beverage and Refined Tea 295.54

600 Sectors and the Guidelines for Accounting and Reporting of Greenhouse Gas Emissions in Other Industrial Sectors the Company

500 852.48 systematically designs and implements the greenhouse gas emission accounting process. Through scientific and standardized 416.54 405.83

349.12 accounting methods Anjoy ensures the accuracy and transparency of greenhouse gas emission data providing a reliable basis for 400 327.60 615.80

300224.50340.68223.65371.30

formulating emission reduction targets and promoting sustainable development.

200

100 Carbon emissions of the Anjoy Group in 2024

0

Guangdong Henan Hubei Liaoning Xiamen Shandong Sichuan Taizhou Wuxi Xinliuwu Honghu Xinhongye

Climate Change Response

90

Climate Risk Management

Anjoy Group actively responds to the national "Dual Carbon" goal and engages in global climate governance actions. It

Emission Sources

ensures the effective management of climate-related issues through a sound management mechanism. To solidly promote Electricity and heat

carbon-neutral work Anjoy has established a carbon-neutral management framework consisting of a "decision-making level - 60 consumption

organization level - execution level" to clarify the responsibilities of each level promote the orderly implementation of carbon Refrigerant leakage

management work drive the low-carbon development of the entire industrial chain and help achieve the goals of "carbon peak Fossil fuel combustion

and carbon neutrality". Anaerobic treatment of

Decision-making level: Anjoy Foods has set up a Board Strategy Committee and a Sustainability Committee at the Board level wastewater

Transportation process

which are responsible for studying the long-term development strategic plan guiding the work on sustainability reviewing the 30

annual sustainability plan (including climate change etc.) and its implementation and supervising the implementation of the Industrial production process carbonate consumption

relevant plan respectively. emissions

Organization level: The equipment department is specifically responsible for daily management project promotion

technical support and guidance of climate change to ensure the effective implementation of carbon-neutral work. Through this

management framework Anjoy implements carbon-neutral work in a down-to-earth in-depth and thorough manner providing a

solid guarantee for achieving green and sustainable development 0 Xinliuwu Henan Liaoning Xinhongye Wuxi Xiamen Taizhou Sichuan Hubei Guangdong Shandong Honghu

Climate Risk Goals As a subsidiary of Anjoy Group Wuxi Huashun Minsheng Food Co.Ltd. is committed to achieving the goal of carbon neutrality

Currently 63% of Anjoy's carbon emissions come from electricity or heat procurement. The national average electricity and promoting green and sustainable development through a number of initiatives.emission factor is approximately 0.5366 kgCO /kWh (Announcement on the Release of the 2022 Electricity Carbon Dioxide The Company has obtained the ISO 14001 Environmental Management System Certification and ISO 50001 Energy

Emission Factor). According to the China Regional Power Grids Carbon Dioxide Emission Factors released by the Chinese Academy Management System Certification. It manages and reduces energy consumption and carbon emissions in production and

of Environmental Planning in 2023 the average power grid emission factor of the national power grid will be reduced to 0.032 operation in a systematic way.kgCO /kWh by 2030. The reduction in electricity-related carbon emissions alone accounts for 58% of the total emissions. In addition the Company has actively participated in national provincial and municipal scientific research projects. Up to

However considering that the existing R22 refrigerant will be replaced by the R507 refrigerant which has a higher greenhouse now the Company has undertaken a total of 8 national provincial and municipal projects.effect and assuming that the leakage rate is reduced by 5% through equipment maintenance the refrigerant leakage will increase Wuxi Watson also attaches great importance to technological innovation and owns 85 authorized patents among which 17

by 40% relative to the total emissions. Taking both aspects into account Anjoy aims to reduce greenhouse gas emissions per unit are invention patents providing technical support for energy conservation and emission reduction.

6465

Emission amount (tCO - eq)

Tota l E n v i r o n m e n ta l P r ote c t i o n

Investment (in ten thousand yuan)Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

To quantify carbon emissions and promote emission

Key equipment has one in use and one as a backup. The sewage team is responsible for

reduction the Company has carried out product carbon ●

regular equipment maintenance and the machine repair workshop is responsible for equipment

footprint certification. The aim is to comprehensively assess

maintenance and repair to ensure the normal operation of the equipment.the greenhouse gas emissions throughout the product life

cycle identify opportunities for emission reduction and ● After being treated by the septic tank to meet the standards the domestic sewage

enhance the environmental competitiveness of products. is discharged into the municipal pipeline network according to the requirements of the

Through carbon footprint certification Wuxi Watson can not Domestic Sewage environmental impact assessment or enters the sewage treatment station for further treatment

only meet consumers' demand for green products but also and then is discharged into the municipal pipeline network

set a low-carbon benchmark for the industry and contribute

to achieving the goal of carbon neutrality.Adhering to the brand values of "green healthy and safe"

Wastewater discharge of Anjoy Group in 2024

the Company is committed to becoming the food enterprise

with the greatest social responsibility enabling consumers

to enjoy delicious food while contributing to environmental

protection.

20

Clean Production

15

Anjoy Group complies with laws and regulations such as the Water Pollution Prevention and Control Law of the People's

Republic of China Law of the People's Republic of China on the Prevention and Control of Atmospheric Pollution Law of the 10

People's Republic of China on Prevention and Control of Environmental Pollution by Solid Waste and Regulations of the People's

Republic of China on the Prevention and Control of Noise Pollution. It implements emission standards including the Integrated

Wastewater Discharge Standard Wastewater Quality Standards for Discharge to Municipal Sewers Discharge Standard of Water

Pollutants for Meat Packing Industry Emission Standards for Odor Pollutants and Emission Standard for Industrial Enterprises 5

Noise at Boundary. Additionally it formulates management systems such as the Environmental Management System Standard

Management System for Hazardous Waste Pollution and Operating Procedures for Sewage Treatment Stations to effectively treat

the wastewater exhaust gas waste and noise generated during the production process. 0 Guangdong Liaoning Henan Hubei Xiamen Shandong Taizhou Wuxi Sichuan Xinliuwu

Wastewater Management

Chemical Oxygen Demand Total Nitrogen Total Phosphorus Ammonia Nitrogen

Discharg Discharge Discharge Discharge

The Company has constructed a supporting sewage treatment station and strictly implements the Operating Procedures

for Sewage Treatment Stations. It conducts centralized treatment of pollutants such as chemical oxygen demand and ammonia

nitrogen in the wastewater. The operation status of the sewage treatment station is monitored through an online monitoring

system daily manual monitoring in the Company's laboratory and entrusting third-party monitoring to ensure that the emissions

comply with national and local sewage pollutant discharge standards.。 LiaoningHubei

Taizhou

Wastewater Types Treatment HenanWuxi

Xinliuwu

● Through processes such as grid separation rotary screens air flotation acidification Guangdong

tanks UASB (Upflow Anaerobic Sludge Blanket) aerobic biochemical systems secondary Shandong

sedimentation tanks and sand filter tanks a combination of physical filtration chemical Sichuan

Production treatment and biological treatment is adopted to make the production wastewater meet the

Xiamen

Wastewater discharge standards.

0100200300400500600

● All production wastewater is treated in the sewage treatment station. After meeting the Industrial wastewater discharge (tons)

standards part of the reclaimed water is reused and part is discharged externally through the

municipal pipeline network to the municipal sewage treatment plant.

6667

Industrial Wastewater DischargeAnjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Waste Gas Management Waste gas emissions of the Anjoy Group in 2024

The waste gas emissions of Anjoy Group mainly come from pollutants such as sulfur dioxide nitrogen oxides generated in

the production and heat supply processes lampblack produced in the frying process and malodorous gases from the sewage

treatment station. The Company and its subsidiaries mainly purchase pipeline steam through centralized heating and some of

their boilers use clean energy natural gas to reduce the emissions of waste gases such as nitrogen oxides sulfur dioxide and soot.Waste gas treatment facilities are installed for lampblack and malodorous gases from the sewage station to ensure waste gas is Industrial Waste Gas Emission

discharged up to the standard.Waste Gas Types Treatment Methods Nitrogen Oxides

Nitrogen Oxides

Reduce boiler waste gas emissions through centralized heating and other means.Sulfur Dioxide

Fluoride Oxide Emission

Significantly enhance the electrostatic adsorption capacity for lampblack waste gas through

Lampblack a spray device and a high-voltage electrostatic adsorption device. By installing a lampblack

purification device the waste gas treatment efficiency exceeds 90%

Sulfur Dioxide Emission

The odor-generating areas are hermetically collected. After hermetic collection the odorous

gases are transported by a fan through a conveying pipeline to a biological purification device.Sewage Malodor

After being treated to meet the standards they are discharged at a high altitude through a

15-meter chimney

Particulate Matter Emissi

This year Anjoy Group has demonstrated remarkable improvement and deepening in waste gas management. For the first

time Xiamen Anjoy Taizhou Anjoy and Wuxi Anjoy have been included in the scope of waste gas emission statistics further 0 5 10

expanding the coverage of the monitoring system. Based on the original statistics of nitrogen oxides and sulfur dioxide emissions Emissions (tons)

industrial waste gas fluorine oxides particulate matter and volatile organic compounds emissions have been added reflecting

higher requirements for the comprehensive control of air pollutants. At the same time Anjoy has achieved an important

breakthrough in data disclosure. It has shifted from only providing the overall data of the group last year to refining the emission Waste Disposal

statistics of each subsidiary base fully reflecting Anjoy's continuous efforts and sense of responsibility in promoting green

production and optimizing environmental performance. Solid Waste Management

The solid waste of Anjoy Group mainly consists of three categories: general solid waste hazardous waste and kitchen waste.The Company has set up hazardous waste storage rooms and garbage rooms to handle solid waste in a classified and graded

manner.Hazardous wastes such as waste mineral oil generated from the normal maintenance of mechanical equipment like

refrigeration units and laboratory testing reagents are collected and stored in accordance with the requirements of the Pollution

MY

GIRL Control Standard for Hazardous Waste Storage (GB 18597-2001). And a company with relevant qualifications is entrusted to

implement harmless treatment. The transfer and treatment of hazardous waste are reported and approved according to the

procedures and the transfer consignment note system is strictly implemented.General solid wastes such as waste cardboard waste metal waste plastic waste grease and sewage sludge are recycled and

comprehensively utilized. They are placed in the garbage room according to waste classification and a third party regularly clears

them away.Kitchen waste from the canteen waste materials intercepted by the sewage grid and scrapped raw materials finished

products and semi-finished products in the workshop are regarded as kitchen waste by the municipal department. After

treatment they can be comprehensively utilized. They are uniformly cleared out of the factory by the municipal department at a

fixed time every day to ensure that there is no accumulation in the factory area.

68 69Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

General industrial solid waste emissions of Anjoy Group in 2024 Waste Management Process

Waste Management Process

waste wood

*Hazardous Waste Generation Responsible ? MaintenanceRefrigerationUnits Laboratories

Waste Metal

Waste Frying Oil

*Hazardous Waste Collection Responsible ? MaintenanceRefrigerationUnits Laboratories

Emissions (tons/million)

Waste

Plastic 3000

2000

Domestic *Hazardous Waste Storage Responsible ? Maintenance Refrigeration

Waste 1000 Entry Units Laboratories Equipment Department

Food 0

Residues

Waste *Hazardous Waste Storage Responsible ? Equipment DepartmentCardboard Units

Sludge

Liaoning Hubei Xiamen Sichuan Guangdong Taizhou Henan Shandong Wuxi Xinliuwu

*Hazardous Waste Transfer Responsible Units ? Equipment Department

Hazardous Waste Management

To implement the Work Safety Law of the People's Republic of China put into practice the principle of "Safety First

Prevention First and Comprehensive Treatment" standardize the management of hazardous chemicals ensure the safety of Responsible

enterprise production prevent the occurrence of major and serious accidents and maintain the stability of the Company's *Hazardous Waste Disposal ? Equipment DepartmentUnits

situation the Hazardous Substances Management System is specially formulated.Management System:

Department Responsibilities Noise Management

Through reasonable layout of the factory area (high-noise equipment is kept away from the factory boundary) planting trees

Responsible for formulating emergency response plans for sudden accidents involving hazardous substances

Work Safety regularly organizing and conducting drills and filing them with relevant government departments; responsible and grass around installing vibration damping pads on the pumps of the wastewater treatment station and the fans of the waste

Department for promoting the training work related to the management of hazardous substances in the Company and gas treatment facilities and using sound-absorbing cotton sound-absorbing bricks and other noise reduction measures in the

supervising the implementation. refrigeration machine room and the sewage fan room the daily maintenance and repair of equipment are strengthened to ensure

Security Office Responsible for the inspection of hazardous substances entering and leaving the factory area and the daily that all equipment especially the equipment for preventing and controlling high-noise pollution is in normal working conditions

patrol inspection of hazardous substances. to reduce the impact of noise on the outside world as much as possible.Procurement Responsible for the procurement and transportation safety management of hazardous substances (if The noise at the factory boundary complies with the Emission Standard for Industrial Enterprises Noise at Boundary

Department purchased by the using department the using department shall be responsible). (GB12348-2008). A qualified third party conducts tests every quarter and the emissions all meet the standards.Warehousing Responsible for the safety management of the unloading storage and scrapping of hazardous substances (if

Workshop stored by the using department the using department shall be responsible). In order to implement and enforce the Environmental Protection Law of the People's Republic of China the Law of the

Using Department Responsible for the safety management of the receipt use scrapping and temporary storage of hazardous People's Republic of China on Prevention and Control of Environmental Pollution by Solid Waste and relevant laws and

and Workshop chemicals. regulations and to protect the environment the hazardous waste management system is specially formulated.Equipment

Department Responsible for the final treatment of hazardous waste.

7071

type of wasteAnjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Packaging Usage

Packaging material usage of the Anjoy Group in 2024

Packaging material usage of the Anjoy Group in 2024

414088.50

110000

10985.91 above

6000

1000005413.60

5000

90000

4000

80000

3000

2570.00

700002091.002077.202347.28

2000

1560.00

600001558.34

1000794.30

50000556.74

0

40000 Anjoy Foods Wuxi Taizhou Liaoning Sichuan Henan Shandong Hubei Honghu Xinliuwu

Group Co.Ltd.

30000 Total 433056.96 (Ton)

20000

10000 7687.60 7290.36 8307.97 5659.89 3144.75 Replacement of Oil Tanks and PP Turnover Frames for Traditional Cartons

4780.00 3130.17699.49 1809.52 In line with the ESG sustainable development concept Anjoy Group has specially set up first-level insulated soybean oil

0 tanks. By coordinating with Yihai Kerry and the Oil and Fat Business Department of COFCO the Company has changed the delivery

Anjoy Foods Wuxi Taizhou Liaoning Sichuan Henan Shandong Hubei Honghu Xinliuwu

Group Co. of oil in carton packaging to delivery in oil tanks reducing the use of 780000 carton packages annually. At the same time in

Ltd. cooperation with suppliers of agricultural and sideline products and auxiliary food within the permitted range part of the carton

Total 53495.66 (Ton) outer packaging has been replaced with non-toxic harmless and odorless PP turnover baskets. The group has reduced the use

of 1345000 cartons in total. Some carton products have been changed to reusable non-toxic harmless and odorless turnover

containers with approximately 442000. Anjoy Group continuously optimizes the packaging materials. During the reporting

period the group has reduced the use of cartons by approximately 2567000 in total indirectly reducing the consumption of 2350

tons of base paper and cutting down carbon emissions. In the later stage the group will continue to cooperate with suppliers to

deepen the cooperation in sustainable development.Wuxi

Water Resources Management

Anjoy Group strictly complies with local laws and regulations regarding water intake water use and drainage at its operation

locations. It adheres to laws and regulations such as the Water Law of the People's Republic of China Soil and Water Conservation

Law of the People's Republic of China and Law of the People's Republic of China on the Prevention and Control of Water

Pollution. It vigorously carries out water-saving activities through preventing "leaks drips and spills". By eliminating continuous

running water reducing water flow and decreasing water use points it achieves the goal of water conservation.

72 73Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Water Resources Usage of Anjoy Group:

Water resource usage of Anjoy Group in 2024

The total water

consumption in 5710000 (Tons ) 200.000

175600

150.000

Total Water

Consumption (tons) 3.77 (Tons per 10000 yuan) 105118 113574

100.000

73984

70816

50.000

Total Water Discharge 39978

(tons) 3655532 (Tons ) 7200 115

0

Xiamen Wuxi Taizhou Sichuan Henan Hubei Shandong Guangdong

Total

2.42586385

(Ton)

Total Water

Consumption (tons)

(Tons per 10000 yuan) Water-saving Measures

Anjoy Group actively practices the concept of water conservation and environmental protection. By establishing a complete

Note: The original units of the water intake and discharge of Liaoning Anjoy were cubic meters. In order to unify the units the reclaimed water reuse system the reclaimed water produced after sewage treatment is reused in multiple links of the factory

water is calculated based on a density of 1 ton per cubic meter. area including evaporation cooling condensation cycle greening irrigation dormitory toilet flushing production workshop

toilet flushing and garbage room flushing. At the same time the Company has also implemented water-saving measures such as

sewage treatment with chemicals effectively improving the utilization rate of water resources and demonstrating the Company's

environmental protection commitment to sustainable development.Reclaimed Water Reuse Statistics

Through continuous improvement of production processes Base Reclaimed Water Reuse (Ton)

introduction of advanced water-saving equipment and strengthening ● Water source: Reclaimed water after sewage treatment.of water resources management Anjoy Group has effectively improved Reuse scenarios: Toilet flushing in the factory area green irrigation etc. Reclaimed Water ●

the efficiency of reclaimed water reuse making substantial contributions ● Annual reclaimed water reuse amount: 39978 tons accounting for 10.20% of the total water consumption Reuse System in the factory area.to reducing water resource consumption and environmental load. The

Company has made remarkable progress in reclaimed water reuse.● Technical transformation of the circulating water of the slicing machine: Saving 11 m3 of water per single

In 2024 the amount of reclaimed water reused by the Company was Renovation of shift.

586400 tons while in 2023 the amount of reclaimed water reused by Workshop Lubricating ● Technical transformation of the lubricating water of the fish roe bun forming machine: Saving 12 tons of

the Company was 429300 tons representing a year-on-year increase of Water Circulation water per single shift.approximately 36.59%. These measures demonstrate Anjoy Group's firm System ●

Optimization of the water intake of the lubricating water of the forming machine: Saving 12 tons of water

per single shift and reducing steam consumption by 300000 calorie units

commitment and practical actions in promoting green production and

fulfilling environmental responsibilities. Recycling and

Utilization of ● Recycling temperature: 80-100℃ .Evaporation ● Energy-saving effect: Saving 10 m3 of natural gas for heating each ton of water

Condensate Water

7475

Water resource usage of Anjoy Group in 2024Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Energy Utilization

The resources required for the production and operation of Anjoy Group mainly include energy sources such as electricity

steam and natural gas as well as water resources. Among them electricity steam and natural gas constitute the main energy

consumption. The Company has continuously attached great importance to the efficient utilization of energy and has focused on

optimizing the resource structure and improving the utilization efficiency to reduce the dependence on non-renewable resources.By introducing advanced technologies it has accelerated the elimination and transformation of backward processes and

equipment and promoted the modernization of processes and equipment upgrades.At the same time the Company has taken measures such as adjusting the energy consumption structure implementing

energy-saving innovations and introducing renewable energy sources. It has also established a complete energy management

system and formulated normative documents including the energy review control procedure energy performance parameter

and benchmark control procedure energy target and indicator and management implementation plan control procedure energy

service and equipment procurement control procedure as well as monitoring measurement and analysis control procedures

and supporting professional operation instruction manuals. It has achieved remarkable results in the utilization of renewable

energy sources and the transformation of energy-saving technologies improved the energy utilization efficiency and effectively Anjoy Group is committed to sustainable development and plans to reduce the energy consumption per unit of revenue by

enhanced the comprehensive competitiveness and economic benefits of the enterprise. 10% within the next 5 years. We will continuously improve energy utilization efficiency through a variety of measures such as

In order to promote the construction of the energy management system further strengthen internal management control optimizing the production process introducing advanced energy-saving technologies strengthening energy management and

energy indicators and reduce production costs Anjoy Group has specially established an energy management system team to exploring the application of renewable energy sources. This goal not only reflects our responsibility for environmental protection

uniformly guide the energy management work of various departments of the Company: but also helps the enterprise reduce costs and increase efficiency enhance its market competitiveness and lay a solid foundation

for achieving green and high-quality development.Leadership Responsibilities Energy consumption of Anjoy Group in 2024

● Responsible for the overall promotion of the Company's energy management system (including

the initial energy review).● Determine the method of the initial energy review.● According to the current situation of the Company's energy management and use review the

areas and opportunities for energy improvement. 15000

● Approve the target indicators for annual energy consumption control.● Examine and approve major energy-saving technical transformation plans.Member Responsibilities

10000

● Investigate the historical and current data of the Company's energy consumption and use. Type of energy

● Determine the main energy-consuming equipment according to the Company's energy use Electricity

situation. (10000 kwh)

Purchased

● Understand the current situation of the Company's energy management and the existing Steam (Ton)

energy management system. Natural Gas (10000 m3)

● Analyze the existing problems and deficiencies in the current energy management process 5000

of the Company initially identify the main energy use areas and the influencing factors of the

main energy use and put forward the loopholes and weak links in energy management the key

processes links technologies and methods for improvement; put forward suggestions on the

adoption of new energy sources new materials new processes and energy target indicators.● Prepare the Company's initial energy review report according to the review results.

0

Liaoning Henan Wuxi Sichuan Xiamen Taizhou Hubei Guangdong Xinliuw Xinhongye Shandong Honghu

7677

Energy consumption of Anjoy Group in 2024Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Cases of Renewable Energy and Energy Recovery Green Supply Chain Construction

Scheme Name Saving Effect Anjoy Group actively practices the concept of sustainable procurement and is committed to building a green and responsible

supply chain system. Through systematic measures we promote suppliers to improve their environmental management and work

● Installed capacity: 1830kW safety levels effectively protect the labor rights and interests of the supply chain and work hand in hand with our partners to

Distributed ● Power generation in 2024: 1.999 million kWh accounting for 6.62% of the total electricity consumption of

Photovoltaic Power create a compliant and respectful workplace environment.Guangdong Anjoy

Generation System Technical characteristics: Adopt high-efficiency photovoltaic modules to achieve the substitution of clean energy The group strictly follows international standards such as ISO 22000 and ISO 9001 and relevant laws and regulations and ●

has established a complete supplier management system. By formulating institutional documents such as the Supplier Quality

● Technical principle: Recover the waste heat from the heat exchange of the refrigeration system and use it to Evaluation and Control System and Procurement Control Procedure we have deeply integrated supplier management into the

Heat Recovery Device heat the tap water for production entire life cycle of procurement and constructed a full-process compliant management system from development evaluation to

of Refrigeration Unit ● Annual heat recovery amount: 9200 tons (equivalent hot water) withdrawal. This system has effectively promoted sustainable procurement practices and provided a strong guarantee for building

● Application scenarios: Re-invest in the production processes that require hot water to reduce steam consumption a green and responsible supply chain.● Linkage control of outsourced roller scales: Saving 8 kWh of electricity per single shift

Equipment Operation ● Replacement of Roots blowers with magnetic levitation blowers: Saving 63000 yuan in electricity costs Anjoy Group's Green Supply Chain Construction: Sustainable Innovation from the

Optimization annually (the power is reduced by 11kW and the air volume efficiency is increased by 48%) Ocean to the Land

Optimization of the rack density of the defoamer: Saving 40 kWh of electricity per day on average

Anjoy Group takes the "ecologically friendly supply chain" as its core strategy and has achieved systematic breakthroughs

in three major fields: fishery resource protection agricultural sustainable development and green packaging transformation.Ecosystem and Biodiversity Protection Through innovative practices in 2024 it has cumulatively reduced carbon emissions by more than 5800 tons and established a

green value network covering the entire industrial chain.Management of Freshwater Fish Surimi Suppliers

All the factory locations of Anjoy Group have passed the environmental impact assessment. We fully evaluate the impact

of construction projects on the ecological environment. All construction projects are designed constructed and equipped with Continuously optimize product formulas reduce the proportion of marine-caught fish surimi in the formulas and shift

corresponding environmental protection treatment facilities in strict accordance with the requirements of the environmental to farmed silver carp surimi. In 2024 marine-caught fish surimi accounted for 46.47% of the total fish surimi demand while

impact assessment. In daily operations strict sewage discharge management is formulated and implemented to reduce the freshwater fish surimi accounted for 53.53% (fish surimi procurement accounted for 23% of the total material procurement).threats to biodiversity in all aspects of operations. Freshwater fish surimi is farmed fish surimi which is a renewable resource. It has replaced the demand for marine fish surimi

By optimizing the spatial layout of each production base Anjoy promotes the intensive and green development of the reducing the marine fish catch by approximately 27500 tons. This reduction in marine fish catch has alleviated the pressure on

industries in the regions where they are located mitigates the impact on the surrounding environment and strictly adheres to the marine fishing and laid a good foundation for the development of sustainable fisheries. In the future Anjoy Group will continue

ecological protection red line. Through the implementation of clean production Anjoy deeply implements the concept of circular to focus on researching and developing the use of farmed silver carp surimi reducing the marine fish catch and the pressure on

economy follows the principles of "reduction reuse and recycling" and takes measures such as the cascading use of water marine fishing laying a solid foundation for the development of sustainable fisheries and continuously and effectively supporting

resources and the reuse of reclaimed water to reduce water resource consumption decrease the discharge of wastewater improve the sustainable development of marine fishing fisheries.the comprehensive utilization rate of regional water resources reduce the wastewater discharge from the source and ensure the At the same time in 2024 Anjoy Group aims to promote the development of sustainable fisheries to ensure the current

ecological environmental safety of each production base and the surrounding areas. and future supply of seafood products. 100% of the cod surimi purchased by Anjoy Group comes from fishery farms that have

Anjoy Group strictly complies with laws and regulations such as the Environmental Impact Assessment Law of the People's obtained the sustainable certification of the Marine Stewardship Council (MSC). By leveraging the influence of the supply chain it

Republic of China Land Administration Law of the People's Republic of China Soil and Water Conservation Law of the People's participates in ensuring the continuous supply of high-quality seafood products and contributes to the restoration of global fish

Republic of China Catalogue for the Classification Management of Environmental Impact Assessment of Construction Projects populations and the protection of the marine environment.and Regulations on the Environmental Impact Assessment of Plans as well as the environmental protection laws and regulations

of the project location. Environmental impact assessment work is carried out for new construction projects. Construction is

prohibited in ecologically sensitive areas such as restricted breeding areas prohibited breeding areas water sources and wetland

protection areas to ensure the protection of biodiversity.Through school-enterprise cooperation and basic scientific research Anjoy continuously improves its formulas and actively

promotes the model of replacing part of the marine fish surimi with farmed freshwater fish surimi. Anjoy Group closely cooperates

with upstream suppliers drives the healthy development of upstream industries with downstream demand cultivates and leads

the domestic freshwater silver carp industry to reduce the fishing volume of marine fish making upstream production more

rhythmic and regular avoiding the overfishing and abuse of freshwater and marine fish resources and playing a good role in

protecting fish biodiversity.

78 79Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

2024 Group Material Procurement Amount Proportion Chart

2%2%

33%%

3%23%

5%

- Surimi-based products:23%

- Chicken products: 17%

5 - Flour products: 15% % - Agricultural and sideline

17 products: 6% 5 % - Food additives: 6% % - Protein products: 5%

5 - Aquatic products: 5% - Seasonings: 5% %

15 - Oils and fats: 3% 6 % - Pork products: 3% % 6 - Other frozen ingredients: 3% % - Beef products: 2%

- Other auxiliary raw materials: 2%

- Duck products: 2% 04 Bearers of

Management of Soy Protein Suppliers Industry

Anjoy Group requires suppliers to provide soybean IP certification certificates. All raw soybeans used for soy protein isolate

are sourced from suppliers with IP certification and the soy protein isolate complies with GB 20371 National Food Safety

Standard - National Standard for Vegetable Proteins Used in Food Processing. In the future Anjoy Group will further deepen its Responsibility

cooperation with soybean suppliers and carry out the certification and traceability work of sustainable soybeans.Supplier Collaborative Development………………82

Protection of Small and Medium-sizedEnterprises…87

80 81Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Supplier Quality Management

Supplier Collaborative Development

The quality stability of raw and auxiliary materials is an important part of ensuring product quality. The Company has

formulated a series of documents entitled ‘Supplier Quality Evaluation and Control System’ and ‘Procurement Control

Anjoy has always been committed to building a responsible supply chain system and effectively preventing supply chain Procedures’ which put forward management requirements for suppliers in terms of the dimensions of potential suppliers‘

risks by continuously optimizing the supplier management mechanism and procurement process. We work hand in hand with evaluation and admission suppliers’ risk identification and auditing suppliers‘ evaluation and suppliers’ exclusion and so on.our suppliers upholding the concepts of equality and mutual benefit and win-win cooperation to jointly promote the sustainable Supplier Evaluation and Admission

development of the supply chain and to set an example of responsibility for the industry.Anjoy conducts risk assessments for suppliers in terms of the quality of raw materials the degree of management standardization

logistics and distribution capability and capital management capability. The Company specifies the risk level of food safety of suppliers

Supplier data: in the Supplier Quality Evaluation and Control System and takes into account the factor of corporate social responsibility fulfillment in

the process of supplier admission and gives priority to suppliers that have passed the quality system certification ISO22000/ISO9001

Anjoy's suppliers include 2227 in mainland China 1 in Hong Kong Macao and Taiwan and 1 outside China.the environmental system certification and the occupational health management certification.Among them 203 are localized sourcing with a combined sourcing value of 497 million which has boosted the local economy

and provided opportunities for local employment of personnel. Supplier Audit and Evaluation

Among them: The Purchasing Department establishes a list of qualified suppliers and manages to update and maintain it in a timely manner. In

506 suppliers certified with Quality Management System Certification. the first quarter of each year the Purchasing Department will lead the implementation of supplier evaluation according to the annual

132 suppliers certified with Environmental Management System Certification. quality management scores integrated price factors delivery efficiency housekeeping and other project factors supplier scoring

27 suppliers certified with Organic Green Food Certification. according to the annual evaluation scores to make the supplier's grade evaluation less than 60 points are not included in the qualified

163 suppliers certified with other certifications (BRC Halal RSPO ASC etc.). suppliers ≥ 60 points are included in the qualified suppliers and combined with the actual supply and demand to determine the

762 suppliers were assessed. supplier in the subsequent half-year cooperation intention.

For the quality management annual board to establish the ‘quality module assessment details’ quality module score W the

quality department calculates the full 100 points system W = Y-A-C. Supplier evaluation needs to be the quality module score W * 55%

conversion and then scoring.Table 5: The Quality Module Assessment Detailed Table

Anjoy's suppliers include 2227 Hong Kong 1 outside Chinain mainland China 1

Quality Score W No. Source Statistical Method Calculation basis

EAS interval batch The default score for each batch of material quality is 100 points. If Interval batch score = sum

203 497 X score (by single) there is a non-conforming product processing order the warehouse QA of scores per batch / total according to Table 5 for the deduction of points and then enters the score localized sourcing ombined sourcing batchin the EAS systemvalue of million million

= X(1 - abnormal quantity in

Y Large interval Add the concept of abnormal quantity BI automatically captures the interval / total quantity accumulation statistics of incoming goods in the

Quality Module interval)

suppliers certified with Quality 506 W (out of 100 Z One vote veto Manual entry In the event of a major Management System Certification points) adverse quality event

A Warehouse QA according to the actual situation of the evaluation did not happen to deduct 0 points. One vote veto There are occurrences according to the frequency of deductions of 1-5 points

suppliers certified with Environmental 132 According to the supplier audit evaluation audit score ≥ 90 points no deduction; audit score of 80-90 Management System Certification points deduct 5 points; audit score of 70-80 points deduct 10 points; audit score of 60-70 points deduct C On-site audit 15 points <60 points not included in the qualified suppliers. Rectification of poor cooperation failure to

carry out rectification and then deduct 5 points.suppliers certified with Organic Green 27 762 Note: The evaluation system is in the process of continuous improvement and updating.suppliers were assessedFood Certification 凡 Any supplier with serious quality problems and the emergence of serious forgery and other malicious events will

implement the quality of one-vote veto system go supplier black application the quality department report to the technical

163 director or vice president of production for approval and confirmation the quality of the veto power to the quality department. suppliers certified with other certifications (BRC Halal RSPO ASC etc.) Unqualified suppliers need to continue to purchase. It is necessary to re-assess in accordance with the new supplier evaluation process.

The quality stability of raw and auxiliary materials is an important part of ensuring product quality the Company carries out

82 83Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

annual audits of suppliers and formulates the ‘Supplier Audit Procedure’ which focuses on the supplier's quality assurance

capability production capacity and implementation of the corporate social responsibility system to carry out the assessment

work. stopped cooperating after the audit did not cooperate with the preparatory

The Company has unified the acceptance specification for raw and auxiliary materials which stipulates the arrival date of of cooperative manufacturers 83 new prospective suppliers 37

raw and auxiliary materials testing items testing frequency testing methods and disposition of abnormality with the number of

specific indexes and requirements higher than or equal to the national standards and industry standards.In 2024 Anjoy accepted a total of 114866 batches of raw materials and qualified 105589 batches a qualification rate

the audit pass rate was

of 91.91%. The Company conducts self-inspection on various safety indicators of raw materials including 23118 batches of 84.25%

veterinary drug pollutant residue testing 6747 batches of pesticide residue testing 4345 batches of heavy metal testing and 7682

batches of food additive testing. All raw materials detected with abnormal safety indicators are required to be returned scrapped

and disposed of.The Company's production bases carry out sensory inspections of raw materials in storage every working day totaling 4002 Supplier Risk Management

inspections of which more than 90336 batches of raw materials were sensory and temperature inspected; food additives and

compounded flavorings conduct self-inspection of preservatives once every six months; livestock and poultry meat are monitored Adhering to the principle of risk control front Anjoy Group formulates the procedure document ‘Supplier Quality

for peroxide value once a quarter; and 3943 batches of raw materials are sent to third-party testing organizations to conduct Evaluation and Control System’ which confirms the food safety risk coefficient based on the number of raw materials the

various types of special tests on food safety. degree of danger and the frequency of hazards in the previous year and formulates the ‘Risk Assessment Form for Raw and

Auxiliary Ingredients and Food-Related Products’ which categorizes the suppliers into four categories: high-risk higher-risk

Dynamic Supplier Supervision medium-risk and low-scoring risk. Risk situations and risk levels are targeted to determine whether on-site audits must be

conducted for assessment and post-supervision is executed in accordance with the requirements of procedural documents.The Company implements dynamic purchasing supervision of suppliers and adopts the mode of audit+training+rectificatio

In order to safeguard the stability of the supply chain and prevent the instability of the supply chain due to uncontrollable and

n+review to assist qualified suppliers to implement rectification in conjunction with material arrival and acceptance. Some of the

non-human factors an emergency procurement disposal plan has been included in the Group's Procurement Control Procedure

suppliers have successfully passed HACCP certification through Anjing's training and counseling. At the same time we also make

Document which eliminates supply chain risks and ensures the stability of the supply chain.use of our own testing capabilities to conduct testing counseling and exchanges with suppliers to enhance their self-inspection

capabilities. Reduce the risk of contamination by pests rodents foreign objects and microorganisms. 1055 people were involved

in auditing suppliers‘ work. 4268 people were involved in training suppliers’ work. Supplier Risk Identification

The Company conducts a comprehensive assessment of suppliers based on their supply capacity quality and financial

liquidity to optimize the entry and exit mechanism of suppliers. According to the results of the supplier assessment the Company Responsibilities/ Identified risk Possible risk Level

will carry out targeted measures to rectify the situation of suppliers who need to improve cooperation so as to improve the Activities sources consequences assessment Disposal Measures

participation and cooperation of suppliers and achieve the original intention of win-win cooperation.Procurement of Material supplier Procurement of Implementation of the exist ing provis ions of the

Supplier Management Performance qualified raw and is a single supplier raw and auxiliary prepayment unstable materials does not measures: * emergency suppliers also need to go

auxiliary materials financial chain meet production through a temporary evaluation process; * temporary

complex supply chain requirements resulting

from qualified in production stoppage Medium evaluation process to go through as soon as possible

suppliers Risk after the completion of the supplier evaluation process in

1055 accordance with the provisions of the supplier evaluation people were involved in people were involved in process to reevaluate the supplier including the supplier's auditing suppliers training suppliers 4268 qualifications raw and auxiliary materials quality etc.; *

according to the results of the evaluation of the supplier to

assess the subsequent supply to ensure that the product

quality of our company.Documentation auditing of

suppliers in the raw and auxiliary audit coverage

materials product category 2229 rate of 100% Emergency A single supplier of the There is no target qualifications raw and auxiliary materials quality etc.; *

Procuremen same material for selection and comparison and no according to the results of the evaluation of the supplier to

emergency supplier in Medium assess the subsequent supply to ensure that the product

case of emergencies Risk quality of our company.

762 wider coverage than in 2023 On-site field audit of a the number of on-site audits total of suppliers increased by over last year 45.7%

84 85Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Level Supplier Integrity ManagementResponsibilities/ Identified risk Possible risk

Activities sources consequences assessment Disposal Measures Anjoy Group advocates a culture of clean procurement adheres to the principles of openness fairness and justice and

eliminates all commercial bribery. By signing a sunshine procurement agreement with suppliers we jointly bind both employees

Emergency A single supplier of the There is no target The implementation of the existing provisions of the

Procurement same material for selection and measures: * the same material with two or more to ensure cleanliness and self-discipline and create a healthy cooperative relationship. 100% of the Company's suppliers comparison and no

emergency supplier in suppliers try to avoid the situation of a single supplier; have signed the sunshine terms and conditions and provide contact information of the Group's leadership which ensures the

case of emergencies Medium * if an emergency situation occurs the temporary implementation and execution of the sunshine agreement in a multi-dimensional way.Risk negotiation with the sister factory for material transfer

or from the brother factory suppliers to buy materials to

ensure normal production; * if the above does not hold Protection of Small and Medium-sized Enterprises

true then urgently looking for a new supplier and speed

up the process of supplier evaluation. Anjoy Foods always adheres to the concept of ‘equality and mutual benefit cooperation and win-win’ and attaches great

Sample Confirmation Purchasing new Purchasing new Implementation of the existing provisions of the measures: importance to the important role of small and medium-sized enterprises (SMEs) in the supply chain. During the reporting period

materials without materials is not

sample confirmation applicable resulting in * new materials before the arrival of quality technology SMEs accounted for 28.59% of procurement expenditure and 36.20% of procurement transactions fully reflecting their key

waste needs to be based on the actual situation of its trial/ position in market vitality and innovation. The healthy development of SMEs is an important force driving the industry's progress

Medium confirmation retain the sample confirmation sheet;

Risk and economic prosperity. Therefore Anjing Food will continue to optimize its supply chain services to provide SMEs with more * procurement of the first purchase of new materials

according to the actual needs of the purchase to avoid competitive procurement support more flexible transaction methods and more efficient logistics solutions helping SMEs to

a large number of stockpiling after the phenomenon of reduce costs increase efficiency and enhance competitiveness. Anjing Foods will always work hand in hand with SMEs to build a

inappropriateness. fair transparent and sustainable supply chain ecology and contribute to the high-quality development of the industry.Abnormal handling Unqualified material Fail to meet the quality Implementation of the existing provisions: * According to the

arrivals requirements affecting inspection results coordinate with the relevant departments to

production and use carry out risk assessment based on the assessment results of

the raw and auxiliary materials to accept concessions or return

Medium processing;

New measures: * for frequent quality problems of the supplier

Risk required to submit a rectification report if necessary the supplier

for factory inspection for the monitoring of important indicators; *

to strengthen self-inspection of raw materials sent to the inspection

project and frequency to reduce the risk of abnormalities in the

arrival of raw materials.No annual evaluation Supply can not meet Implementation of the existing provisions of the measures: * in

of suppliers the requirements of the accordance with the ‘procurement control procedures’ the

Company's suppliers implementation of the annual evaluation of suppliers; * annual

continue to supply evaluation of the end of the procurement needs to check whether

Supplier evaluation Low risk all suppliers in the list of qualified suppliers have been evaluated;

* for the supplier did not carry out an annual reassessment of the

assessment immediately organize the relevant departments to carry

out the assessment and retain the assessment record The supplier

should be reviewed by the relevant departments immediately and

records of the review should be kept.The special No clear requirements

requirements of for the supplier can Measures to implement existing regulations: Use uniform templates

Contract signing special materials and not protect the rights Low risk confirmed by the Group's legal department according to the

the supplier of the and interests of the

procurement contract Company requirements for each type of material.are not reflected

Conclusion of contracts Components of Driven by

materials are economic interests

not covered by manufacturers

testing standards arbitrarily fail to add Implementation of existing provisions: clearly agree

and cannot according to the on the authenticity of ingredients and agree on the

be monitored agreed requirements penalties for differences in ingredients in the contract

comprehensively the ingredient list and determine the treatment based on food fraud: claim

resulting in the is not labeled and Low risk return or stop cooperation; New measures: conduct

contract not being fraud is committed by vulnerability assessment of food fraud select key

reflected substitution. Loss of materials for management and control and strengthen

company's interest due

to unspecified special the self-inspection of raw materials to send the items for

excipients in raw inspection and the frequency of the items so as to reduce

materials which cannot the risk of food fraud.be fully monitored

86 87Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

05 Creators of

Employee

Happiness

Staff Recruitment and Employment ………………90

Diverse and Equal Employment Approaches…… 92

Against Child Labor and Forced Labor… …………95

Employee Salaries and Benefits……………………96

Employee Benefits and Care ………………………101

88 89Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Protection System and clearly prohibits forced labor behaviors. It is clearly stipulated that employees' overtime work should be

Staff Recruitment and Employment based on voluntariness and the Company does not encourage overtime work.Anjoy has always strictly complied with national regulations on the Prohibition of the Use of Child Labor. Upholding the

principles of respecting human rights and protecting the rights and interests of minors it strictly prohibits the use of child labor

Recruitment Channels and Processes of Employees in any business links within the Company. It conducts strict inspections of employees' ID card information and firmly prohibits

Anjoy mainly adopts three recruitment methods namely social recruitment campus recruitment and internal the use of child labor and forced labor. All personnel information is managed through the HR software system. Rules are directly

recommendation. The recruitment process includes such links as online resume submission resume screening initial interview set in the system to prevent the employment of child laborers controlling the situation at the source. Moreover the Company

final interview background check and employment. Among them campus recruitment is an important part of the Company's supervises and inspects the labor employment situation. Since its establishment the Company has not had any cases of

recruitment. employing child labor or forced labor.The Company has a complete talent cultivation and selection mechanism and is committed to providing fresh graduates with

broad development space and diversified career paths. In 2024 offline promotional activities were carried out in more than 100

Gender Ratio Age structure

people people

29443405

50-60 years old Under 30 years old

8547people 8509people

Male Female

people

5775people 4932

40-50 years old 30-40 years old

Number of regular employees 17056

Education structure Disabilities Employment of People with

Master's Bachelor's College or

degree and degree below

above

13345people 15454people

14411people

undergraduate universities across the country. The Company received more than 3000 resumes in total and finally hired more 33people 26people

than 800 people. over 50 years under 30

Diverse and Equal Employment Approaches of age years of age

Anjoy has always adhered to an equal employment strategy and opposes discrimination based on factors such as gender

age and disability. It places great emphasis on ensuring equal pay for equal work between men and women in aspects of salary

1370people people

benefits etc. Additionally a Special Agreement on Collective Consultation of Special Rights and Interests of Female Employees 971054people

has been signed to demonstrate care for female employees. 904people between 30 and 50 years

of age

232people

people

Against Child Labor and Forced Labor 145people 157

Anjoy attaches great importance to combating forced labor formulates and improves the Employee Rights and Interests Year 2022 Year 2023 Year 2024

90 91Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

and application of assessment data are realized. Adhering to the principle of balancing incentives and pressure performance

Employee Salaries and Benefits rewards and improvement measures are reasonably set to stimulate employees' enthusiasm and creativity and promote the

sustainable development of the enterprise.The Company formulates the Salaries and Benefits System and establishes a salary system consisting of basic salary Employee Benefits and Care

allowances performance salary and overtime pay. It implements a system of setting positions grading and determining salaries Anjoy has always been wholeheartedly committed to enhancing employee benefits and providing comprehensive care. In

according to the positions ranks and grades of different departments. When the position is adjusted the grade and salary are addition to the statutory benefits such as social insurance and legal holidays the Company offers employees a more diverse range

also adjusted accordingly. Through the provisions of the assessment and salary system a dynamic balance of being able to move of benefits. The aim is to significantly enhance employees' sense of happiness and belonging while also boosting the overall

up or down is achieved giving full play to the incentive and guiding role for employees. In addition employees enjoy legally vitality of the enterprise. The specific measures are as follows:

prescribed benefits such as high-temperature and low-temperature subsidies and they are entitled to annual leave. Special 1.Dining Environment and Menu The Company continuously optimizes the dining environment and enriches the variety

protection is provided for female employees who can enjoy of dishes. During traditional festivals like the Dragon Boat Festival and Mid-Autumn Festival special delicacies such as zongziand

prenatal check-up leave maternity leave parental leave and tangyuan are provided for employees.receive maternity benefits. The Company provides employees 2.Commuting ConvenienceAnjoy provides free shuttle bus services and regularly optimizes the routes to effectively reduce

with three free meals a day and free accommodation. Performance Management Process employees' commuting time making their daily journey to and from work more convenient.Employees can also enjoy birthday gifts holiday fruits and 3.Care in Extreme WeatherIn summer the Company offers refreshing cool drinks to help employees relieve the heat. In

condolence gifts etc. Set Department-Specific Performance Standards winter warm brown sugar ginger-jujube tea is provided to help them dispel the cold and keep warm.Each department formulates performance standards according 4.Cultural ActivitiesThe Company regularly organizes various cultural and recreational activities. For example fun sports

to its unique needs.Composition of Salaries meetings are held to encourage teamwork and physical activity. During the Mid-Autumn Festival bo-bing games are organized

and barbecue team-building events are arranged to strengthen team cohesion. On International Women's Day female employees

Employees' salaries are composed of basic salary Create Management Policies receive special gifts and are granted a half-day holiday. During the Qixi Festival singles' parties are held to provide opportunities

performance salary allowances and overtime pay. Different Develop policies to guide the performance evaluation process. for single employees to socialize. Moreover pregnant female employees are entitled to additional free dishes in the Company

salary calculation standards are formulated according to cafeteria.different job ranks. The Company's long-term incentive 5.Health BenefitsThe Company cares about the health of female employees and provides "two-cancer" screenings.measure is equity incentive which provides incentives Additionally every month on employees' birthdays the Company sends them gifts and longevity noodles as a warm birthday

based on employees' contributions and performance to Implement Diversified Evaluation Methods

Adopt multiple methods for comprehensive evaluation. wish.the enterprise. This stimulates employees' enthusiasm and 6.Leave System

creativity reflects their contributions and enhances their ● Marriage Leave: Employees are entitled to a 15-day paid marriage leave.sense of happiness.Collect and Analyze Data ● Prenatal Check-up Leave: Pregnant female employees can enjoy 11 prenatal check-up leaves each lasting 0.5 days.Use advanced technologies to collect and analyze performance ● Maternity Leave: Female employees are eligible for 158-day maternity leave. In cases of difficult labor or multiple births

Performance Appraisal data. additional days are granted according to relevant regulations.Each department within the Company sets its own ● Care Leave: Male employees whose spouses give birth can enjoy a 15-day paid care leave to take care of their families

performance appraisal system according to its respective during this special period.business characteristics. A series of systems such as the Provide Feedback to Employees ● Parental Leave: Before the child reaches the age of 3 both the husband and wife are entitled to 10-day parental leave per

Give employees feedback on the evaluation results.Performance Management System Performance Management year allowing them to spend more time with their young children.Measures for Workshop Management Personnel Performance ● Nursing Leave: Female employees are entitled to one hour of breastfeeding time per day from the start of the seventh

Management Measures for Front-line Personnel in the month of pregnancy until the child reaches one year old. For female employees with multiple births additional breastfeeding time

Production Workshop and Assessment Regulations for will be provided. Link Results with Incentives

Management Personnel have been established. Various Link evaluation results to compensation and promotion.assessment methods such as indicator assessment top-

down and bottom-up assessment cross-assessment and

360-degree assessment are carried out. The assessment Boost Employee Motivation

content includes performance completion professional Enhance employees' enthusiasm and creativity through

ability personal qualities etc. The assessment results are incentive measures.promptly fed back to employees and incentives are given in

terms of salary distribution promotion selection of advanced

individuals etc. Relying on data support and using advanced

information technology means accurate collection analysis Organizing fun sports games regularly

92 93Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

organized once a month and an employee sports meeting is held annually to enrich employees' amateur cultural life.

5.Trade Union Funds Management System: The sources scope of use and management methods of trade union funds are

clarified. For example trade union funds are mainly used for organizing employee activities providing employee welfare and

offering assistance to employees in need. The use of funds must be strictly approved in accordance with the budget and specified

procedures.Process for Resolving Labor Disputes for Employees

1.Dispute Acceptance: In the event of labor disputes employees can submit their demands to the Company or the Company's

trade union. The Company designates a specific department or staff members to handle employees' dispute applications.

2.Incident Investigation: The Company conducts a preliminary assessment of the dispute situation and collects relevant

materials. It communicates with the involved employees to listen to their demands and carries out a comprehensive and in-depth

investigation which includes reviewing documents and records and interviewing relevant personnel etc. to ensure the fairness

justice and transparency of the investigation.Singles Party Giving gifts to female employees on Women's Day 3.Propose a Solution: Based on the investigation results the Company proposes a solution. Employees are invited for

negotiation. On the basis of equality and voluntariness their demands are clarified. In accordance with laws regulations and

other relevant rules a mutually acceptable solution is sought and the feasibility of the solution is discussed.Rights and Interests Protection 4.Negotiation and Mediation and Formulate a Mediation Agreement: Try to reach an agreement through negotiation as much

as possible. Once both parties reach an agreement a written mediation agreement shall be formulated.Rules and Regulations for Managing Employees' Working Hours Rest and Leave 5.Feedback and Record-keeping: The handling result is communicated to the employees and the entire dispute-handling

process is documented for future reference.Anjoy Group always adheres to the people-oriented concept. To protect employees' rights and interests regarding rest and 6.Follow-up: Regularly follow up with employees to check the implementation of the agreement listen to their opinions

leave the Company has formulated a scientific and comprehensive attendance and leave system. This system not only strictly continuously improve corporate management and prevent the recurrence of similar disputes.complies with national laws and regulations but also fully takes into account employees' actual needs ensuring that each

employee can strike a reasonable balance between work and life. Through standardized management processes and people-

Employee Communication

oriented policy design Anjoy provides employees with flexible and convenient leave arrangements enabling employees to be

more energetic at work and realizing the common growth of the enterprise and employees.Anjoy places a high premium on employees' opinions and suggestions and consistently maintains two-way communication

Establishment of a Trade Union with its workforce. The Company is dedicated to establishing a diversified open and user-friendly democratic communication

The Company's trade union plays a crucial role in enterprise management in many aspects. It formulates the Trade Union mechanism. By unblocking employee communication channels and promptly addressing employee feedback Anjoy aims to foster

Constitution Trade Union Management Measures Trade Union Responsibilities Trade Union Funds Management etc. aiming to a positive and conducive working environment.clarify the responsibilities rights and obligations of the trade union and ensure its effective operation. To actively seek employees' opinions the Company has formulated the Employee Appeal System. This system is intended

1.Employee Rights and Interests Protection System: It is clearly stipulated that the trade union should actively safeguard to offer employees a fair and transparent platform for voicing their concerns enabling the Company to gain a comprehensive

employees' legitimate rights and interests in areas such as labor remuneration working hours labor safety and hygiene rest and understanding of employees' perspectives and feedback. In addition the Company has established multiple complaint channels.leave and social insurance. For instance through regular communication and negotiation with the Company's management These include the general manager's mailbox trade union meetings employee meetings a dedicated WeChat QR code for

a reasonable salary growth mechanism is established to ensure that employees' income can increase reasonably with the complaints and communication via the Yunzhijia instant-messaging software.development of the enterprise and the improvement of the economic situation. Upon receiving complaints and suggestions the Company follows a set of processing procedures which involve reporting

2.Employee Democratic Management System: A system of employee representative congresses is established specifying verification communication and resolution of issues. Once a complaint is verified to be valid the Company will handle it

procedures such as the election of representatives the convening of meetings the discussion of topics and the adoption of rigorously in accordance with relevant rules and regulations.resolutions in the employee representative congresses. For example employee representative congresses are held regularly

every year enabling employee representatives to participate in the discussion and voting on major enterprise decisions such as

enterprise development plans and salary and welfare policies.

3.Employee Education and Training System: An employee education and training plan is formulated covering skill training

safety training and professional ethics education etc. For example according to the development needs of the enterprise and

the personal growth needs of employees a certain proportion of employees are arranged to participate in various training courses Collected more 55 opinions were

each year to enhance employees' comprehensive quality and professional ability. than 1300 collected in the

employee suggestion box/ response rate

4.Employee Cultural Activity Organization System: Specific arrangements for regularly organizing various cultural activities opinions 1300 chairman's mailbox 55 100%

are specified such as art performances sports competitions and employee birthday parties. For example an art activity is

94 95Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

The Company leveraging the platform of the Employee Representative Congress effectively unblocks the channels for Number of people receiving career development trainin

employees to voice their demands. It successfully translates employees' thoughts and expectations into specific measures that

enable the enterprise to undertake practical actions and address issues. A democratic management system with the Employee Year Total number of trainees (persons) Male(persons) Female (persons)

Representative Congress as its fundamental form has been established. This system clearly defines its organizational structure 2024 17498 10023 7475

scope of authority and working procedures. All these aspects are submitted to the Employee Representative Congress for

deliberation and adoption and are integrated into the overall management system.The Company organizes and convenes Employee Representative Congresses and employee symposiums annually. The topics

of these meetings cover a wide range such as the revision of the Employee Handbook the negotiation of the Collective Labor

Contract and the application for special working hours among other regulations and themes. To date a total of over 30 employee

symposiums and Employee Representative Congresses have been held.Employee Training and Development

Employee Training

he Company formulates an annual training plan and has constructed a comprehensive training system that integrates internal

and external training resources. Each department strictly adheres to the training plan ensuring the timely completion of various

training sessions with quality and quantity guaranteed. The management departments of the Company and its subsidiaries

formulate talent cultivation goals and plans every year based on the actual work requirements and job specifications. They Executive Training

also establish a talent cultivation and reserve mechanism that combines theoretical learning and practical application. This

On February 27 2024 directors Zhang Gaolu Zheng

mechanism includes orientation training lecture-style training production rotation practical training management position

Yanan Dai Fan deputy general manager Huang Qingsong and

probation and monthly sharing sessions. Currently Anjoy has established a robust training system that combines online and

supervisor Zhang Wei participated in the "Special Training on

offline approaches with support from both internal and external sources. Online Anjoy Academy offers a series of courses

High-Quality Development of Listed Companies" held by the

including enterprise regulations professional ethics codes work safety and food safety responsibilities. Employees can access

Xiamen Listed Companies Association.and study these courses at any time which provides them with continuous and targeted education and training opportunities.On June 13 2024 all directors supervisors and

Offline the Company conducts targeted and diversified training by integrating internal and external training resources aiming to

executives participated online in the "Interpretation of the

New Regulations on Share Reduction of Listed Companies"

online training held by the China Listed Companies

Association.On November 28 2024 chairman Liu Mingming and

board secretary Liang Chen participated offline while other

directors supervisors and executives participated online in

The training programs the "Comprehensive Punishment and Prevention of Financial

cover various types of

employees including Fraud in Xiamen Capital Market and Special Training on

management personnel There have been over more than

front-line workers 601000 300 150000 150000 Mergers and Acquisitions of Listed Companies" held by the 300 training courses in logistics staff and sales total employees Xiamen Listed Companies Association.personnel. The total participated

expenditure on training in training On November 29 2024 all directors supervisors and

amounts to 601000 yuan executives participated in the training on "Requirements for

the Responsibilities and Core Rules of Directors of Hong Kong

- Listed Companies" presented by the lawyers of Davis Polk &

continuously enhance employees' comprehensive quality and capabilities. Wardwell in a combination of offline and online ways.The training programs cover various types of employees including management personnel front-line workers logistics staff *On March 28 2024 all directors supervisors and

and sales personnel. The total expenditure on training amounts to 601000 yuan. There have been over 300 training courses in executives participated offline in the "Training Class for

total and more than 150000 employees participated in training. Improving the Quality of Listed Companies" in the Xiamen area.

96 97Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Highlight Data of Talents

Career Development Training Hours

279968

268048

160368

1328961351522022

121296 119600 ● Mr. Zhang Qingmiao of the group was rated as a Class A high-level

55632 65664 2023 talent in Xiamen City.

2024 ● Mr. Huang Jianlian of the group was rated as a Class A high-level

Total duration of Male staff participation Female staff participation talent in Xiamen City.training in training hours in training hours

● Mr. Liang Chen of the group was rated as a Class B high-level talent

in Xiamen City.Career development training per capita performance: ● At the Sichuan base Mr. Zhang Shaohua was rated as the first

"Outstanding Talent of Ziyang" in Ziyang City. Ms. Tan Qifan was awarded

Year Total training hours per person Training days per person the title of "Meritorious Woman in Ziyang City" and Mr. Li Jiansen was

2024 16 2 rated as an Excellent Communist Party Member in Ziyang City.

● At the Shandong base Ms. Yu Xiaojun was awarded the title of

"Laoling City May 1st Labor Model".Case of the Company's Industry Skills Competition Activities

● Lian Huizhang and Huang Lei from Wuxi Huashun established an

The Company actively organizes skills competitions across various departments and workshops including forklift operator employee innovation studio.skills competitions packaging machine operation monitoring competitions and special equipment competitions. This initiative ● At the Xiamen base Mr. Zhang Wenhai was rated as a Class C high-

fosters a positive learning atmosphere stimulates the enhancement of employees' skills and propels the development of the level talent in Xiamen City. Mr. Chen Jiangping was awarded the honorary

enterprise. Among them the Wuxi Marketing team also participated in the "Wuxi Craftsman?The 17th Wuxi Workers' Vocational title of "National May 1st Labor Medal". Ms. Yao Yaxian was rated as a

Skills Competition" which was guided by the Wuxi Federation of Trade Unions hosted by the Huishan District Federation of Class C high-level talent in Xiamen City and Mr. Ding Tianwei was rated as

Trade Unions and undertaken by the Qianqiao Sub-district Federation of Trade Unions. In the computer application operation a craftsman in Xiamen's industry.competition event all 11 participants secured awards. ● The No. 1 Production Workshop of the Liaoning base was awarded

the honorary title of "Liaoning Workers' Pioneer".Employee Promotion

Employee Promotion Standards and Assessment Dimensions

The Company adheres to the employment principle of "those who are

capable rise those who are average yield and those who are mediocre

fall". It has established a dual-channel promotion mechanism namely the

management channel and the professional talent channel. Promotions are

determined based on employees' capabilities job performance and the

Company's comprehensive assessment of them.The Company organizes internal competition activities irregularly

and implements an internal job rotation system within the group. These

measures provide promotion opportunities and facilitate the alignment

between the Company's strategies and employees' career needs. After

employees meet the corresponding ability requirements through training

and assessment they are included in the reserve talent pool. Subsequently

middle-level and grassroots job competition meetings are regularly held

The 17th Wuxi Employee Vocational Skills Competition Computer Application Operation Competition allowing reserve talents to compete for positions and forming a healthy

promotion mechanism.

98 99Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Diversified Career Development Paths

Age Distribution of Promoted Employees

The Company offers employees diversified career development paths which generally encompass the following aspects:

Vertical Promotion Paths Horizontal Development Paths Self-improvement Paths Aged 40 to 50 Aged 50 to 60

Professional Route Job Rotation Training and Education

Employees can continuously deepen The Company arranges for employees The Company provides internal training

their expertise in their specialized to rotate among different departments courses online learning platforms

fields. They can progress from a or positions either in the short term or external training opportunities and 30 years old and below

professional level 10 to level 1 and long term. This enables employees to collaborates with universities for degree Aged to

eventually become professional gain insights into different business education programs. These resources 30 40

experts. processes broaden their horizons help employees enhance their

and develop cross-departmental professional knowledge and skills.Management Route cooperation and comprehensive

Employees with management business capabilities.potential and the willingness to pursue

a management career can develop Project Work Occupational Health and Safety

along the management channel. Employees participate in various

Starting as team leaders they can be cross-departmental and cross-

promoted to department managers disciplinary projects assuming The factories of Xiamen Anjoy Guangdong

directors and even higher-level roles such as project members and Anjoy Wuxi Anjoy Sichuan Anjoy Taizhou

management positions. project team leaders. Through these Anjoy and Hubei Anjoy all hold the certificates

experiences they can accumulate

project management experience of enterprises with the third-level work safety

and cross-team collaboration skills. standardization. In terms of the certification

of the occupational health and safety

management system Wuxi Anjoy and Taizhou

Anjoy possess relevant certification certificates

demonstrating Anjoy Food's outstanding

achievements in both work safety and

occupational health management.Employee Promotions

11146.5%

Total number of employees Percentage of Promoted

promoted Employees to Total Employees

100 101Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Occupational Health

Anjoy Food together with its employees and partners jointly complies with laws and regulations such as the Work Safety

Law of the People's Republic of China the Law of the People's Republic of China on the Prevention and Control of Occupational

Diseases and the Regulations on Work-related Injury Insurance as well as the requirements of the supervision and management

measures for the "simultaneous design construction and commissioning" of safety facilities. To ensure the safety of production

operations we have established a multi-faceted and all-encompassing safety management system. We initiate from aspects such

as risk identification hazard investigation and treatment safety risk monitoring and safety culture promotion and carry out

safety management work.● 1.Inform new employees of the corresponding occupational hazard risks of their positions upon entry and have them sign an

occupational hazard notification letter.● 2.Paste occupational hazard notification cards at the operation site.● 3.Organize pre-employment in-service and off-post medical examinations for employees exposed to occupational hazard

factors; complete the annual declaration of occupational hazard projects in a timely manner.●4.Regularly commission third-party institutions to detect occupational hazard environmental factors and announce the detection

results.● 5.Regularly maintain and service equipment and facilities related to occupational hazard factors.● 6.Provide and distribute occupational health labor protection supplies and regularly check whether employees are wearing them

properly. Occupationalainin

● 7.Regularly organize occupational health education and training.● 8.Develop an information module for employee occupational health management to digitize employee occupational health files.Performance of Occupational Health and Safety Management

The number of person-times of

● 1.The number of work safety accidents caused by extremely large and major equipment is zero. occupational health training in

● 2.The number of work safety liability accidents identified by the regulatory authorities is zero. 2024

● 3.The number of major fire (explosion) accidents is zero.● 4.The number of major environmental pollution accidents is zero.Work Safety

● 5.When supervised and inspected by foreign-related safety regulatory authorities the number of issues of the main

In accordance with the Work Safety Law of the People's Republic of China Anjoy has

responsible department/workshop under inspection does not exceed 3 each time and the Company has not received any established the Accident Management System and the Work-related Injury Management

administrative penalties. The rectification rate of the problems found in the inspection reaches 100% before the next inspection. System. These systems are designed to standardize the accident management and

● 6.The number of acute poisoning accidents within the scope of the main responsibility is zero. reporting processes enabling the Company to more effectively identify the root causes

of incidents and prevent their recurrence. Meanwhile the Company arranges for internal

● 7.The rate of employees who are required to hold special operation and special equipment operation certificates for their

professional lecturers to conduct training on work safety professional knowledge which

posts is 100%. further enhances employees' awareness of work safety.● 8.The rate of special operation guardians holding certificates is 100%. Training Content：The training content encompasses equipment safety training

9.The completion rate of special operation implementation is 100%. job safety operation procedure training high-altitude operation safety training job ●

transfer safety training confined space safety training environmental safety education

● 10.The passing rate of training for work safety management personnel is 100%. and training fire safety training factory area safety training accident safety education and

● 11.The completion rate of the three-level education for employees before their entry is 100%. training electrical safety training safety training on the use of labor protection supplies

● 12.The rectification rate of accident hazards is 100%. post-shift hygiene safety training fire source control training labor discipline safety

training special equipment safety training emergency treatment training for accidental

● 13.The provision rate of personal protective equipment is 100%. injuries comprehensive emergency plan training employee blood pressure detection

● 14.The archiving rate of personnel related to occupational health is 100%. management training occupational health training explosion-proof electrical appliance

● 15.The rate of all required pre-employment and in-service occupational health medical examinations being conducted is 100%. safety training environmental protection laws and regulations training handheld power

tool safety training work safety laws and regulations training heatstroke prevention

safety training.

102 103Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Type of accident in 2024

Safety measures

work safety

Safety Measures Specific Contents

2454511733807387868

the Company's safety A total of 33807 safety

investment amounted education and training participants

to 24545117 yuan sessions were conducted

Safety Policies Developed 45 occupational safety policies covering work-related injuries operating procedures responsibility systems etc.Pre-employment Prevention Clearly specified in employment contracts: occupational disease hazards 279968 16 potential consequences and health protection measures.hours hours

The total training the average training

duration was duration per person

was

Safety Training Conduct regular training programs covering laws & regulations company policies risk identification and standard operating procedures.Occupational Health and Safety Management System Framework

Dual-Control Mechanism Conduct workplace and equipment risk assessments to identify potential hazards; perform regular inspections to eliminate or control risks.Management Elements Management Measures Detailed Measures

Policy & Objectives Safety Policy with Quantified Targets

Framework of Organizational Structure & Responsibilities Leadership Accountability Dedicated Safety Unit Full Personal Protective Equipment OHS Management System Employee Participation (PPE) Provide appropriate PPE to all employees and monitor proper usage.Laws Regulations & Standards Compliance Checklist Internal Policies

Hazard Identification & Risk Assessment Tiered Control Measures Dynamic Updates

Risk Management Hazard Investigation & Control Routine Inspections Closed-Loop Management

& Prevention Technical Solutions Equipment Safety

Perform regular safety inspections and maintenance; promptly address

equipment hazards to ensure safe operating conditions.Safety Training & Culture Building Three-Level Training Specialized Training Cultural Integration

Emergency Preparedness Contingency Plan System Resource Stockpiling Coordination Mechanism

Emergency

Incident Response Immediate Reporting Scientific Rescue Operations Emergency Response

Develop emergency plans create drill schedules and conduct regular

& Incident Management Investigation & Accountability emergency exercises.Recovery & Improvement Psychological Intervention Systemic Improvement

Performance Indicators Process Metrics Outcome Metrics

Performance Monitoring & Foster a safety-first culture through awareness campaigns recognition

Continuous Improvement Audits & Reviews Internal Audits Management Reviews Safety Culture Activities programs for outstanding safety performance and initiatives to boost

Continuous Improvement PDCA Cycle Technological Innovation employee engagement.Financial Investment -

Technical Support -

Support Information Transparency - Work Safety Management System

& Resource Assurance 6S Management -

Machine Guarding & Interlock Devices - Anjoy Group has established a comprehensive and systematic work safety management system that covers multiple aspects including

goal management responsibility implementation risk prevention and control occupational health and emergency management. This system

Equipment Automation -

comprises basic components such as work safety goal management occupational health responsibility system safety commitment management

104 105Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

cost extraction and utilization and safety management of "new technologies new processes new materials and new equipment". Additionally it is

Types and proportions of safety accidents

refined to cover the management of specific areas like document records equipment and facilities hazardous substances and safety warning signs.Moreover Anjoy places particular emphasis on occupational health and the prevention and control of occupational diseases. The Company

has formulated specialized systems such as occupational health management employee blood pressure management and safety management

in high-temperature weather. In terms of risk prevention and control the Company has established a multi-level risk management and control 8.5%

mechanism through systems like safety risk identification hazard investigation and treatment and major hazard source management. Regarding

Struck-by Incident 1.5%

emergency management the system encompasses emergency plans accident management minor injury and near-miss accident management Vehicle-Related Injury

etc. ensuring an efficient response to emergencies.Anjoy has also innovatively introduced the employee risk classification management system based on a point system along with the daily 50%

control weekly inspection and monthly scheduling mechanisms for the safety risks of special equipment. These measures further enhance the Other Injuries

level of refinement in safety management. Through the implementation of this series of systems Anjoy has created a safe and healthy working 30.5%Mechanical Injury

environment for employees and laid a solid foundation for the sustainable development of the enterprise.Key Components of a Comprehensive Safety Management Framework 2.5%

Falling from Heights 0%

Lifting Injury

0.5%6.5%

Scalding

Poisoning

Objective Responsibility Risk Training and Accident

Management System Management Education Management

Ensure safety objectives are Define responsibilities Identify assess and Provide necessary Effectively handle and

aligned with organizational to maintain safety and mitigate potential knowledge to promote prevent workplace Other injuries: e.g. sprains falls frostbite Total number of accidents

missions. health standards. safety risks. safety practices. accidents. wild animal bites nail sticks etc. 201

Number of Days Lost Due to Work-related Injuries

Types of Accidents in 2024

In 2024 the number of days lost due to work-related injuries was 6656

6656 marking a 13.3% decrease compared to 2023 (excluding the data of Type of accident in 2024 Notes Total (Number of Incidents)newly added bases this year).

days lost due to work- Object strikes Refers to personal injury accidents caused by the inertial forceof out of control objects. 17

related injuries Vehicle Injury Refers to mechanical injury accidents caused by the motor vehicles of this enterprise. 3

Mechanical Injury Refers to injuries such as entanglement rolling collision stabbing and cutting 62caused by mechanical equipment and tools.Lifting Injury Refers to mechanical injury accidents caused during lifting operations. 0

Burns Refers to burns caused by strong acids or alkalis splashing on the body burns 13caused by flames or scalds caused by high temperature objects.

13.3% Falls from heights 5

Poisoning 1

decrease compared

to 2023 Other Injuries Such as sprains falls frostbites animal bites nail punctures etc. 100

Dents 201

106 107Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Work Safety-related Emergency Drills

Anjoy Group has always placed work safety at the top of its priorities. It

attaches great importance to emergency drill activities and is committed to

comprehensively enhancing employees' safety awareness and emergency

response capabilities. The Company regularly organizes various specialized

drills such as fire drills natural gas leakage emergency drills and workshop

dust explosion-proof drills to ensure that every employee is well-versed

in the emergency plans and operation procedures. By simulating real-life

scenarios employees can quickly master essential skills such as evacuation

rescue operations and equipment operation effectively improving their

ability to handle emergencies.In 2024 Anjoy further categorized the types of risks and formulated

targeted drill plans including emergency drills for fire incidents natural

gas leakage and workshop dust explosion prevention. Through multiple

simulations of actual events and emergency response processes participants

can gain an in-depth and intuitive understanding of emergencies thereby

increasing their alertness towards potential risk sources. These drills not

only enhance employees' emergency response capabilities but also provide

a robust guarantee for the Company's work safety. Anjoy will continue

to establish a solid safety barrier with a rigorous attitude and scientific (Photo: a natural gas leakage emergency drill)

methods to ensure the safety and health of every employee. A total of 473

drills were conducted in 2024.Mental Health Counseling

Anjoy Group has always placed the physical and mental health of its employees at the forefront. It is dedicated to creating

a healthy safe and caring working environment for every employee. The Company regularly arranges mental health counseling

sessions to help employees relieve stress and maintain a positive mindset. In addition through a diverse range of cultural

sports and recreational activities health lectures and team-building events the Company encourages employees to achieve a

better work-life balance improve their physical fitness and enhance their sense of well-being. Whether in the sweltering heat

of summer or the frigid cold of winter the Company prepares heatstroke prevention and cooling supplies or warm ginger tea for Builder of Society

employees demonstrating its care with tangible actions. Anjoy firmly believes that the physical and mental health of employees is 06

the foundation of the enterprise's development. It will continue to make unremitting efforts to safeguard the physical and mental and Rural Areas

health of every employee enabling each Anjoy employee to work with peace of mind and enjoy a fulfiling life here.Social Contributions………………………110

Rural Revitalization…………………………112

108 109Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

We believe that every innovation can ignite hope and every

Social Contributions bit of warmth can touch people's hearts.Anjoy has always remained true to its original aspiration for public welfare. It meticulously spreads warmth continuously Entering the Community and Caring for

expands the scope of its public welfare activities precisely addresses the needs of the public and tailors special services for the Elderly and the Weak

vulnerable groups.Anjoy has always adhered to the concept of "caring for

society and giving back to society" has been passionately

Mid-Autumn Warmth and Targeted

engaged in public welfare undertakings for a long time and

Poverty Alleviation actively participated in activities such as bringing love to

During the Mid-Autumn Festival in 2024 filled with the community and caring for the elderly living alone. We

sincere care and warmth Anjoy Group visited the paired-up call on the public to jointly pay attention to the disabled

rural villages and carried out the targeted poverty alleviation group provide them with job opportunities and assist the

public welfare activity titled "Thousands of Enterprises disabled in integrating into society and realizing their self-

Connect with Villages Reunion under the Mid-Autumn Moon". worth. Through practical actions we not only bring warmth

Gathering together with the villagers Anjoy shared the festive and care to the elderly and the weak in the community but

joy and presented carefully prepared condolence gifts to also contribute to building a harmonious society. We firmly

families in need. Through such activities we hope not only believe that every bit of care can light up hope and every

to provide material support to the villagers but also to make bit of warmth can transmit strength. We will continue to

them feel the care and warmth of society. We firmly believe

Protecting Innocence and Lighting Up fulfill our social responsibilities walk hand in hand with the

that every small act of kindness can converge into a ray of community and jointly create a better future.light that illuminates the future of the countryside and we are Dreams

willing to join hands with everyone to jointly write a splendid In the aspect of supporting children's education Anjoy Anjoy's Sincere Heart Love in Second-

chapter of rural revitalization. Group pays particular attention to left-behind children and hand Clothes

initiates the "Linxin Protecting the Young" action using warmth

and care to safeguard the innocence of children's childhood. We Anjoy has always embraced the public welfare concept of warm the world. We will continue to encourage and support

helped some children in Lengjia Village realize their dream of "Anjoy's Sincere Heart Love in Second-hand Clothes" and has been employees to engage in public welfare undertakings and jointly

having children's bicycles. We also presented new clothes and consistently organizing loving clothes donation activity donating strive for the health and happiness of society.new shoes to many children lighting up their childhood dreams. clothes to poverty-stricken regions. Each piece of clothing brimming

Each gift embodies Anjoy's care and blessings for the children with love not only brings the warmth of genuine affection to those in

and every bit of care adds warmth and hope to their growth need but also spreads positive energy throughout society adding a

Protecting the Homeland and Building

the Future Together

journey. We will continue to fulfill our social responsibilities vivid touch to the vision of building a better life. Among these efforts

carefully protect every innocent heart and let dreams shine Xiamen Anjoy collected over 2000 pieces of idle clothing from all Liaoning Anjoy actively responded to the call for ecological

brightly in the embrace of love and care. employees of the Company. Simultaneously a meticulous garbage protection took the initiative to reach out to the county

classification system was established to actively foster employees'

Party committee and the county government and organized

Innovative Public Welfare Warming awareness of garbage classification promote low-carbon emission employees to actively participate in activities such as sand

People's Hearts reduction and encourage the practice of garbage sorting. prevention and control and scientific afforestation. In the

Anjoy has always integrated social responsibilities into its initial stage of the activity we claimed 500 saplings and made Blood Transfusion Boundless Love

enterprise development actively organized volunteer service contributions to the local ecological environment construction

activities and jointly carried out innovative public welfare Case: From 2022 to 2024 the Wuxi factory actively answered with practical deeds. Through this activity we not only fulfilled

activities with universities. For instance the Wuxi marketing the call of society and organized 22 employees to take part in our part in improving the local ecological environment but also

team jointly held the "Sand 13" Challenge with Xiamen the community's voluntary blood donation activity. Every blood enhanced employees' awareness of environmental protection

University and donated 100000 yuan to the Education donation is a life-sustaining relay and every drop of blood is a and their sense of social responsibility. We firmly believe that

Development Foundation of Xiamen University to support the manifestation of love. Our employees have demonstrated the environmental protection is everyone's duty. We will continue

education cause and convey love and hope. These activities spirit of selfless dedication through their practical actions and to implement the concept of green development contribute to

not only showcase our care and responsibility towards society have contributed their own strength to society. We believe that building a beautiful China and let every bit of greenery become

but also inject new vitality into public welfare undertakings. every bit of love can ignite hope and every drop of blood can a beacon of hope for the future.

110 111Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

as Yuanxiang Food and Qiliang Food to settle in the area. This not only creates a large number of job opportunities locally but

Rural Revitalization also achieves the "strengthening and supplementing of the chain" of the frozen food industry chain. This measure not only

promotes the vigorous development of the rural economy but also brings tangible benefits to local residents. Anjoy demonstrates

Anjoy actively responds to the national rural revitalization policy. By leveraging local characteristic resources it has delved its corporate social responsibility with practical actions helps rural characteristic industries step onto a broader stage and turns

deep into areas such as promoting agriculture through industrial development rejuvenating agriculture with talent cultivation every rural specialty into a source of hope for getting rich and attaining happiness.supporting agriculture through educational initiatives and benefiting farmers through ecological measures. Anjoy is exploring

characteristic and replicable rural revitalization paths enabling farmers to share the development dividends of modern Walking with Integrity Building the Future with Warmth Together

agriculture.Anjoy Group has always adhered to the concepts of honest operation and compliance with laws and regulations. It strictly

abides by national laws and regulations and earnestly fulfills its corporate social responsibilities. The Company pays taxes in

Assisting Agriculture through Orders Building a Happy Road for the Countryside

accordance with the law signs and performs labor contracts with all employees and pays social insurance and housing provident

Anjoy plays a leading role in driving industrial development. It signs purchase agreements with professional cooperatives funds on time and in full ensuring that employees' rights and interests are fully protected. In terms of salary and benefits the

to establish stable production and marketing relationships. Taking the initiative it signs purchase cooperation agreements Company not only pays salaries on time and in full but also sets up various incentive measures such as year-end bonuses full-

with nearby professional planting cooperatives. Specifically Henan Anjoy purchases over 5800 tons of agricultural and sideline attendance bonuses seniority bonuses and holiday allowances to comprehensively care for employees' lives. Through a sound

products annually. This includes more than 32000 tons of chicken over 4500 tons of duck more than 1000 tons of pork and salary system and welfare policies the comprehensive annual income of each grassroots employee reaches over 70000 yuan

over 600 tons of beef each year. Additionally it buys more than 120 tons of aquatic products and over 20000 tons of surimi which is far higher than the local average level. Anjoy Group demonstrates its commitment to employees with practical actions

annually with an annual purchase value of approximately 1 billion yuan. It directly and indirectly drives more than 5000 peasant strives to create a better working environment and development opportunities for employees and realizes the common growth of

households in Anyang City and its surrounding areas to raise broilers and live pigs helping them shake off poverty and achieve the enterprise and its employees.prosperity. In 2024 Hubei Anjoy purchased a total of over 36000 tons of agricultural and sideline raw materials amounting

to about 220 million yuan. It also purchased nearly 4975 tons of local agricultural and sideline products each year radiating

influence and driving more than 5000 peasant households. Through targeted poverty alleviation efforts Anjoy makes significant

contributions to rural revitalization.In 2024 the Anjoy factory in Sichuan actively responded to the rural revitalization strategy and signed purchase agreements

with multiple agricultural cooperatives in Sichuan Province. It innovatively implemented the "contract farming" model which

effectively boosts rural economic development. Through this model Anjoy has not only opened up stable sales channels for local

agricultural and sideline products but also radiated influence and driven approximately 6000 peasant households to increase

their incomes and achieve prosperity. Anjoy demonstrates its corporate social responsibility with practical actions effectively

connecting the high-quality resources in the countryside with market demands. This not only solves the problem of agricultural

product sales but also brings tangible economic benefits to peasant households. In the future Anjoy will continue to deepen its

cooperation with rural areas make greater contributions to rural revitalization and ensure that every bit of hard work yields hope

and happiness

Walking Hand in Hand Lighting up Hope with Warmth

On the occasion of the International Day of Persons with Disabilities Guangdong Anjoy actively and voluntarily donated the

Company's products to the local government demonstrating warmth and care through its actions. In 2024 Anjoy continued to

fulfill its social responsibilities by providing 243 job positions for people with disabilities helping them realize their self-worth.At the same time the Company resettled 581 registered poor individuals and 23 demobilized soldiers and provided stable job

opportunities for over 22000 on-the-job employees. Among them nearly 10000 migrant workers have found new hope in life at

Anjoy. Whether they are college students landless peasants laid-off workers returned migrant workers or the surplus rural labor

force Anjoy with an open mindset and practical actions builds a bridge for their employment enabling every dream to shine

brightly

Joining Hands with the Countryside Building a Dream of Characteristic Industries Together

The Henan factory actively responds to the call for rural revitalization and fully supports the development of rural

characteristic industries and local employment. It closely cooperates with the county Party committee and the county

government. Through investment attraction efforts it has successfully introduced upstream and downstream enterprises such

112 113Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

07 Appendix

ESG Key Performance…………………116

Index of HKEx Indicators………………121

Index of SSE Indicators………………124

Reader Feedback………………………125

114 115Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Economic Performance Governance performance

Project Unit FY2024 Project Unit FY2024

Number of Shareholders' Meetings Held Time(s) 5

Operating Revenue Million yuan 15126.6517 Proposals Reviewed at Shareholders' Meetings Items(s) 34

Number of Board of Directors Meetings Held Time(s) 9

Proposals Reviewed by the Board of Directors Items(s) 66

Net profit attributable to shareholders of the Million yuan 1484.8312 Strategy Committee Time(s) 3listed company Audit Committee Time(s) 6

Number of Committee

Meetings Held Nomination Committee Time(s) 2

Remuneration & Evaluation Committee Time(s) 3

Basic earnings per share (EPS) Yuan 5.08 Sustainability Committee Time(s) 1

Number of Supervisory Board Meetings Held Time(s) 6

Proposals Reviewed by the Supervisory Board Items(s) 42

Taxes and surcharges paid Million yuan 1245.0963 Total Board Members Person(s) 9

Female Person(s) 2

By Gender

Male Person(s) 7

Total assets Million yuan 17375.0984 Independent Directors Person(s) 3By Independence

Non-Independent Directors Person(s) 6

PhD Person(s) 2

Shareholders' equity attributable to owners of By education Master’s Degree Person(s) 4

the parent company Million yuan 12952.5292 Bachelor’s Degree Person(s) 3

40-49years Person(s) 1

50-59years Person(s) 4

Operating costs Million yuan 11602.4943 By Age Group 60-69years Person(s) 3

70-79years Person(s) 1

116 117Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Environmental performance Social Performance

Project Unit FY2024 Project Unit FY2024

CO Emissions from Fossil Fuel tCO2 Equivalent 32075.19 Total Number of Employees Person(s) 17056Combustion

CO Emissions from Industrial Female Employees Person(s) 8509

Production Processes tCO2 Equivalent 207.23

Employee Breakdown by

Gender Male Employees Person(s) 8547

CO Emissions Caused by the Net

Purchase of Electricity and Heat tCO2 Equivalent 350672.14 Above 50 years old Person(s) 2944Total Greenhouse Gas

Emissions Consumption by the Enterprise Full-time Employees by Age 40-49 years old Person(s) 5775

CO Emissions Generated from

Anaerobic Treatment of Wastewater tCO2 Equivalent 8575.06

Group 30-39 years old Person(s) 4932

Carbon Dioxide Emissions Generated Under 30 years old Person(s) 3405

During the Transportation Process tCO2 Equivalent 1202.98 Total R&D Staff Person(s) 508

Refrigerant Leakage Emissions tCO2 Equivalent 255699.82 Above 50 years old Person(s) 21

Carbon Emission Intensity per

Unit Revenue tCO2 Equivalent per million

tCO2 Equivalent per

million 0.43 41-50 years old Person(s) 49R&D Staff by Age Group

Total Environmental Protection Investment Million 5026.68 30-40 years old Person(s) 232

Industrial Wastewater Discharge Volume Ton 3699242.00 Under 30 years old Person(s) 206

Industrial Wastewater Discharge Intensity Ton per million yuan 2.45 Master’s Degree or Higher Person(s) 125

Industrial Waste Gas Emissions Volume Ton 13.06 Bachelor’s Degree Person(s) 139

Industrial Waste Gas Emission Intensity Ton per billion yuan 0.09 R&D Staff by Education Level Associate Degree Person(s) 170

Food Residues Ton 960.69 High School/Vocational

SludgeSludge Ton 15609.63 Diploma

Person(s) 29

Domestic Waste Ton 905.52 Middle School or Below Person(s) 45

Total General Industrial Solid Scrap Metal Ton 113.98

Innovation Capability Training Session(s) 25

Waste Waste Plastic Ton 538.64 R&D Investment Amount Million yuan 97.2137

Waste Cardboard Ton 1525.86 Total Participants Time(s) 773295

Waste Wood Ton 72.39 Total Training Hours Hour(s) 16744.65

Quality-related Training

Waste Frying Oil Ton 161.11 In-house Training Sessions Time(s) 192385

Total Hazardous Waste Discharge Ton 49.9256 External Training Sessions Time(s) 71

Cardboard Boxes Ton 53495.66

Total Packaging Material Usage ISO22000 Unit(s) 7

Plastic Ton 433056.96 ISO9001 Unit(s) 6

Water Resource Total Water Consumption Ton 5710000.00 HACCP Unit(s) 6

Consumption China National Accreditation

Water Consumption Intensity Ton per million yuan 3.77.00 Service Unit(s) 1

Management

Total Water Discharge Ton 3655532.00 ISO14001 Unit(s) 2

Water Discharge Intensity Ton per million yuan 2.42.00 ISO45001 Unit(s) 2

Recycled Water Reuse Volume Ton 586385.00 Quality-related Certificates ISO50001 Unit(s) 1

of Anjoy Group

Electricity 10000 kWh 48290.93 BRCGS Unit(s) 3

Purchased Steam Ton 405233.98 FSSC22000 Unit(s) 6

Natural Gas 10000 m3 1489.85 ASCCertification Unit(s) 1

Energy Consumption Total Energy Consumption Tce 112283.73 COCCertification Unit(s) 1

Energy Consumption Intensity per Unit

Product Tce/Ton product 0.10 Halal Certification Unit(s) 1

Energy Consumption Intensity per Unit Tce/10000 yuan 0.07 Sedex (Supplier Ethical Data Revenue Exchange) Unit(s) 2

118 119Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Project Unit FY2024 Index of HKEx Indicators

Total Patent Applications (2024) Item(s) 59

Invention Patents Item(s) 17 ‘Comply or Explain’ Provisions Location of disclosure

Patent Applications by Type

(2024) Utility Model Patents Item(s) 9 General disclosure: in relation to emissions

Design Patents Item(s) 33 discharges to water and land generation of

Total Patents Granted (2024) Item(s) 31 hazardous and non-hazardous wastes etc:

(a) policies; and Clean Production

Invention Patents Item(s) 1 (b) compliance with relevant laws and regulations

Patents Granted by Type (2024) Utility Model Patents Item(s) 8 that have a material effect on the issuer

Design Patents Item(s) 22 A1.1 Types of discharges and related discharge

information Clean Production

Total Valid Patents (as of Dec 31 2024) Item(s) 369

A1.3 Total amount of hazardous waste in tonnes

Invention Patents Item(s) 77 A1 and if applicable density (e.g. per production Clean Production

Valid Patents by Type Utility Model Patents Item(s) 59 Emissions unit per facility)

Design Patents Item(s) 233 A1.4 Total amount of non-hazardous waste generated (in tonnes) and (if applicable) density (if Clean Production

Total Software Copyright Applications (2024) Item(s) 8 calculated per unit of production per facility)

Total Software Copyrights Granted (2024) Item(s) 8 A1.5 Description of emission targets set and steps

Total Valid Software Copyrights (as of Dec 31 2024) Item(s) 14 taken to meet them

Clean Production

A1.6 Describe methods for handling hazardous

and non-hazardous wastes and describe waste Clean Production

reduction targets and steps taken to achieve them

General Disclosure: Policies for the Efficient Use of

Resources (including Energy Water and Other Raw Water ResourcesManagement、

Materials) Energy Utilization

Environment

A2.1 Total direct and/or indirect energy (e.g.electricity gas or oil) consumption by type (in

thousands of kilowatt-hours) and intensity (e.g. Energy Utilization

per unit of production per facility)

A2.2 Water consumption and intensity (e.g. per

A2 unit of production per facility)

Water Resources Management

Resource use

A2.3 Description of energy efficiency targets set

and steps taken to achieve them Water Resources Management

A2.4 Description of any problems that may exist in

accessing water sources and the water efficiency Water Resources Management

targets set and steps taken to achieve them

A2.5 The total amount of packaging materials used

for finished goods (in tonnes) and if applicable Clean Production

the percentage per unit of production

General disclosure: Policies to minimize the

issuer's significant impact on the environment and Green Operation、Ecosystem

natural resources and Biodiversity ProtectionA3

Environmental and

natural resources A3.1 A description of the significant impacts of business activities on the environment and natural Green Operation、Climate

resources and the actions taken to manage those Change Response、Ecosystem

impacts and Biodiversity Protection

120 121Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

‘Comply or Explain’ Provisions Reporting section ‘Comply or Explain’ Provisions Reporting section

General disclosure: in relation to pay and termination

recruitment and promotion hours of work leave equal General disclosure: health and safety advertising

opportunities diversity anti-discrimination and other Staff Recruitment and labeling and privacy issues and remedies for products

treatment and benefits: Employment、 and services provided:

(a) policies; and Employee Salaries and (a) policies; and

Food Quality and Safety

B1 (b) compliance with relevant laws and regulations that Benefits (b) compliance with relevant laws and regulations that

Employment have a material impact on the Issuer have a significant impact on the issuer

B1.1 Total number of employees by gender type of

employment (e.g. full-time or part-time) age group and Staff Recruitment and B6.1 Percentage of the total number of products sold or

location Employment shipped that are subject to recall for safety and health Food Quality and Safety

reasons

B1.2 Employee turnover rate by gender age group and region \

General Disclosure: In relation to the provision of a safe B6 B6.2 Number of complaints received about products and

working environment and protection of employees Product Liability services and how they were responded to

Customer Service

against occupational hazards: Occupational Health and

(a) policies; and Safety

(b) compliance with relevant laws and regulations that B6.3 Description of practices related to the defense and Research Development and

have a significant impact on the issuer protection of intellectual property rights Innovation

B2

Health and Safety B2.1 Number and rate of work-related deaths in each of the past three years (including the reporting year) \

B6.4 Describe the quality assurance process and product

B2.2 Number of working days lost due to work-related Occupational Health and recall procedures Food Quality and Safety

injuries Safety

B2.3 Description of occupational health and safety

measures adopted and related enforcement and Occupational Health and B6.5 Description of consumer data protection and

monitoring methods Safety

privac y pol ic ies and related enforcement and Data Security

monitoring practices

General disclosure: Policies to enhance employees'

knowledge and skills in performing their job duties. Employee Training and General disclosure: in relation to the prevention of

Describe training activities. Development

Society B3 Society bribery extortion fraud and money laundering:

Development and B3.1 Percentage of employees trained by gender type Employee Training and (a) policies; and Business Ethics

training of employment (e.g. senior management middle Development (b) compliance with relevant laws and regulations that management) have a significant impact on the issuer

B3.2 Average number of hours of training completed per Employee Training and

employee by gender and type of employment Development B7.1 The number of corruption proceedings brought

against the issuer or its employees that have been

General disclosure: in relation to the prevention of child B7 concluded during the reporting period and the outcome Business Ethics

or forced labor: Anti-Corruption of those proceedings

(a) policies; and Staff Recruitment and

(b) compliance with relevant laws and regulations that Employment

B4 have a significant impact on the issuer B7.2 A description of the preventive measures and

Labor Standards reporting procedures and the methods of enforcement Risk ControlB4.1 Describe measures to review recruitment practices Staff Recruitment and and monitoring thereof

to avoid child and forced labor Employment

B4.2 Describe the steps taken to eliminate non-compliance

when it is detected \ B7.3 A description of anti-corruption training provided to Employee Training and

General Disclosure: Policies for Managing Environmental Supplier Collaborative directors and employees Development

and Social Risks in the Supply Chain Development

General disclosure: policy on community involvement

B5.1 Number of suppliers by region Supplier Collaborative Development to understand the needs of the communities in which it Social Contributions、Rural

B5.2 Description of practices for engaging suppliers operates and to ensure that its business activities take Revitalization

number of suppliers to whom practices are enforced Supplier Collaborative into account the interests of the community

B5 and related enforcement and monitoring methods Development

Supply Chain B8

Management B5.3 Description of practices for identifying environmental Community

B8.1 Focus areas of contribution (e.g. education Social Contributions、Rural

and social risks at each stage of the supply chain and Supplier Collaborative Investment environmental issues labor needs health culture Revitalization

related implementation and monitoring methods Development sports)

B5.4 Description of practices to promote the use of

environmentally preferable products and services when Supplier Collaborative Social Contributions、Rural

selecting suppliers and related implementation and Development B8.2 Focused areas of resource use (e.g. money or time) Revitalization

monitoring methods

122 123Anjoy Foods Group Co. Ltd. Anjoy Foods Group Co. Ltd.

Governance Report Governance Report

Index of SSE Indicators

Environmental social and sustainable development-related governance Reporting section

Combating Climate Change Climate Change Response reading the Anjoy

Pollutant Emissions Clean Production

Waste treatment Clean Production Dear Reader:

Thank you very much for reading theAnjoy Foods Group Co. Ltd. 2024 Environmental Social and

Ecosystem and Biodiversity Conservation Ecosystem and Biodiversity Protection Governance Report. We are very concerned about your comments on the report. In order to promote

Environment the enhancement and improvement of the Company's work in ESG we would like to invite you to give

Environmental Compliance Management Green Operation us your comments and suggestions on the report and feedback to us so that we can continuously

improve the report.Energy Utilization Energy Utilization

Water Utilization Water Resources Management Mailing address: No. 2508 Xinyang Road Haicang District Xiamen City Fujian Province China

Circular Economy Clean Production、Green Supply Chain Contact number: 0592-6884968 Construction

Rural Revitalization Rural Revitalization e-mail: zhengquanbu@anjoyfood.com

Social Contributions Social Contributions

Innovation Drive Research Development and Innovation

Science and Technology Ethics Research Development and Innovation

Supply Chain Security Supplier Collaborative Development

Equal Treatment for SMEs Protection of Small and Medium-sized Society Enterprises

Product and Service Security and Quality Food Quality and Safety

Data Security and Customer Privacy

Protection Data Security

Staff Recruitment and Employment、

Employee Salaries and Benefits、

Employees Employee Communication、

Employee Training and Development、

Occupational Health and Safety

Due Diligence Risk Control

Sustainable development-related Stakeholder Communication Stakeholder Communication

governance Anti-Bribery and Corruption Business Ethics

Anti-Bribery and Corruption Business Ethics

124125