Environmental
Social and Governance Report
Xiamen Port Development Co. Ltd.Innovation
Leveraging Technology to
About the Report 003 Environment Drive Growth
Message from the Chairman 005 Practicing Green
Development and Building an Innovation-driven Growth:
About Us 007 Ecological Future Together Leading the Future with Technology 067
Company Profile Quality Service:
Climate Governance: Rigorously Controlling Product
Leading the Low-Carbon Transition 031
Corporate Culture Quality 070
Special Topic 1 Compliance First:
Organizational Structure Strengthening Environmental Security Management:
Great Mission: Governance 035 Ensuring Data Security 073
Business Overview Building a Strong Maritime Safety
Line to Protect Lives Special Topic 3 Resource Intensification: Responsible Supply:
Honors in 2025 Improving Utilization Efficiency 042 Co-building a Sustainable
Dual Drivers: Ecosystem 075
Qualifications Decisive Action: Intelligent and Green Development Systematic Prevention and Control:
Confronting Risks and Safeguarding Opening up a New Prospect for Deepening Pollution Management 047
Key Performance Data the Bottom Line of Life 019 Green Ports Governance
Management as Basis:
Establishing Long-term Mechanisms Improving Corporate GovernanceGreen Transformation: Looking ahead to 2026 091
to Solidify Safety Foundation 020 and Consolidating the FoundationDeepening Ecological Protection and Society
Building a Zero-Carbon for Development
ESG Governance Honor as Guide: Transportation System 025 Fulfilling Social Responsibilities and
Demonstrating a Sense of Responsibility Co-creating Shared Value
Anchoring Sustainable and Illuminating the Path Party Building as the Guiding Force Appendix
Development Drawing up a New of Progress 022 Digital and Intelligence Empowerment: Pooling Strength for Development 079
Long-term Blueprint Activating Innovation Momentum Independent Assurance Statement 093and Creating a Smart Standardized Management:
Port Benchmark 027 Enhancing Employee Protection 051 Governance Foundation Building:
Enhancing Operational Efficiency 080 ESG Data and Notes 099
Governance 013 Special Topic 2 Talent Empowerment:
Future Prospects: Growing Together with Employees 056 Compliant Operation: Building Definitions 108
Strategies 014 Lean Empowerment: Focusing on Intelligent and Green a Solid Risk-control Barrier 083Upgrading and Creating New Advantages
Powerful Engine for Quality and Indicator Index 109
Impact Risk in Port Transportation 028
Safety Foundation: Integrity-based Governance:
Efficiency Enhancement Safeguarding Occupational Health 059
and Opportunity Management 015 Regulating Business Conduct 087 Reader Feedback Form 111
Indicators and Targets 015 Responsibility Fulfillment: Balanced Rights and Interests:
System Guidance: Making Positive Contributions Achieving Win-win Outcomes for
Fostering Lean Culture and to Society 063
Stakeholder Communication 016 All Parties 089Activating Internal Drive 023
Identification of
Dual-Materiality Issues 017 Effectiveness First:
Focusing on Value Creation and
Unleashing Development Potential 024
CONTENTS2025 Environmental Social and Governance Report About the Report
About the Report
This is the fourth environmental social and governance (ESG)/social responsibility report issued by Xiamen Port Development Co. Ltd.(hereinafter referred to as "Xiamen Port Development" "the Company" or "we/us"). In line with the principles of truthfulness and
reliability this Report discloses to stakeholders the efforts undertaken and the achievements made by the Company in the areas of
environment society and governance for the year 2025.Scope of the Report Currency
Unless otherwise specified this Report covers the Company and its subsidiaries. This Report is issued annually covering the period from Janu- Unless otherwise stated the currency unit is RMB.ary 1 2025 to December 31 2025 with some content extending beyond this timeframe.Preparation Process
Preparation Basis
This Report has been prepared through research interviews data collection framework development drafting design and review by relevant
This Report has been prepared in strict accordance with the relevant requirements of the Business Guidelines of Shenzhen Stock Exchange for departments and senior management.Self-discipline Regulation of Listed Companies No. 17—Sustainability Report (Trial) and the Business Guidelines of Shenzhen Stock Exchange for
Self-discipline Regulation of Listed Companies No. 3—Preparation of Sustainability Reports. It draws on the ESG requirements set out in the
Work Plan for Improving the Quality of Listed Companies Controlled by Central Enterprises from the State-owned Assets Supervision and External Assurance
Administration Commission of the State Council (SASAC) as well as related requirements in the Reference of ESG Indicators System for ESG
Reports of Listed Companies Controlled by Central Enterprises the GRI Standards published by the Global Reporting Initiative (GRI) and the This Report has been reviewed by China Classification Society Certification Co. Ltd. in accordance with AA1000AS v3 and verification opinions
SDG Compass of the United Nations (UN). The Report also benchmarks against the Corporate Sustainability Disclosure Standards – Basic Stan- have been issued with the verification statement attached.dards (Trial) the International Financial Reporting Sustainability Disclosure Standards among other documents.Preparation Principles Access to the Report
Materiality An electronic version of this Report will be available on the public website once it is officially disclosed.Drawing on stakeholder communication results and employing materiality assessment the Company identifies materiality issues during the
reporting period which are then used as the basis for preparing this Report.Quantification Contact Information
The standards methods and relevant assumptions applied in quantitative data are specified where appropriate.Consistency Your valuable opinions are crucial to the Company's continued improvement of environmental and social performance. If you have any ques-
Where feasible and unless otherwise stated the statistical methods disclosed are consistent with previous reports to ensure meaningful com- tions or suggestions about this Report please contact the Company through the following methods:
parisons.Address: 20F/21F No. 31 Donggang North Road Huli District Xiamen Fujian Province
Data Source
Postal code: 361013 Fax: 0592-5686161
Except where otherwise indicated all information and data cited in this Report are derived from the Company's internal documents or publicly
Tel.: 0592-5826270 E-mail: 000905@xmgw.com.cn
available sources. This Report has been reviewed and approved by the Company's Board of Directors who confirms that the Report contains
no false records misleading statements or material omissions.
003 0042025 Environmental Social and Governance Report Message from the Chairman
Message from the Chairman
The tides keep their rhythm ushering in new cycles; with vast shores To enhance quality and efficiency we have leveraged smart technolo- We have anchored our development direction through lean manage-
and deep waters aspirations unfold grand chapters. gies to drive development so as to lead high-level advancement. ment to empower high-quality development. First we have taken
First we have leveraged first-class technologies to build smart ports. Party building as the guiding force to pool strength for empower-
The year 2025 marks the conclusion of the "14th Five-Year Plan" and Shihushan Terminal has completed 5G base station construction and ment. The Party Committee have always prioritized the task of rein-
the start of the "15th Five-Year Plan." It is also a pivotal year where implemented remote-controlled loaders in operations. The 5G tally forcing the Party's political foundations steering the Company
strategic opportunities converged with the mission of our era. platform of Xiamen Ocean Shipping Tally has won the second prize in towards its strategic direction. We have innovated Party building
Throughout the year anchored in Xiamen's strategic role as a key city the Xiamen 5G Application Competition. Hailong Terminal's hydraulic initiatives guided primary-level teams in launching 49 "branch proj-
in the new development paradigm we have taken proactive and intelligent grain silo sweep auger renovation project has been recog- ects" precisely selected two key "secretary-led" projects to tackle
comprehensive actions to deliver high-quality outcomes of steady nized as an innovative "Safe Port" case by the China Ports & Harbours challenges actively expanded Party building along the industrial
progress. Confronted with the challenges of Chinese modernization Association. The second phase of the Shihushan environmental chain and established collaborative partnerships with the govern-
we have upheld fundamental principles and broken new ground to protection management system has been completed and put into ment universities enterprises and communities setting a solid foun-
open a new chapter in modern port construction. We have also borne operation. Xiamen Port Logistics' cross-border digital-intelligent inte- dation for high-quality Party building to drive high-quality corporate
in mind the country's most fundamental interests striving to chart a grated service platform has been included in Xiamen Data Manage- development. Second we have focused on intrinsic safety to lay a
new course for development with our leadership courage and sense ment Bureau's 2025 List of Digital Xiamen Construction Achieve- solid foundation for corporate development. We have systematically
of responsibility. ments. Over the year we have secured three invention patents and advanced the development of a safety management mechanism.nine software copyrights and released the Bulk and General Cargo Xiamen Port Shipping has been recognized by the Maritime Safety
Through coordinated efforts we have strengthened our development Terminal Informatization Construction Plan to systematically lead tech- Administration of the People's Republic of China as a "Safety and
foundation and built highly resilient ports. First with a focus on our nological advancement. Second we have focused on first-class facili- Integrity Shipping Company" with two tugboats simultaneously earn-
core responsibilities and main business areas we have expanded the ties to broaden the development landscape. Gulei North Berths 1 and ing the title of "Safety and Integrity Ship". Quanzhou Xiagang Tugboat
port business. In 2025 our port business has witnessed improvement 2 have obtained coal handling qualifications and passed provincial has received the "Social Search and Rescue Force Award" from the
in both quantity and quality with a cargo throughput of 41.03 million port opening acceptance; Hailong Terminal coal shed project has Ministry of Transport. A total of 25 subsidiaries have obtained work
tons a year-on-year increase of 7%. The water transshipment volume been launched with the pile foundation for Warehouse C completed. safety standardization certificates including three at the first level.of bulk and general cargo has surged by 188% compared to the previ- The arrangement of first-class facilities has effectively expanded our Overall our safety management and emergency response capabilities
ous year. We have launched the new "Xiamen-Taipei" shipping route service coverage and fostered diversified growth drivers. Third we have shown steady improvement. Third we have deepened the
for cross-border e-commerce and established a new framework for have promoted port transformation towards green development. We reform of state-owned enterprises around corporate governance. In
the "Three Direct Links" driving robust growth in cross-border e-com- have incorporated green development into our operations and 2025 the Company and all of its subsidiaries 45 in total have com-
merce. We have successfully implemented a core client's integrated released the Green and Low-Carbon Development Plan. Xiamen Port pleted the reform for the Board of Supervisors. They have further
demonstration project for the shift of wheat transport from bulk to Logistics' Xiangyu Comprehensive Bonded Zone has been recognized consolidated the institutional foundation for the Board of Directors to
containerized shipping and achieved seamless connectivity across by the Ministry of Transport as one of the second pilot zero-carbon exercise its powers and fulfill its duties implemented the Board's
trade shipping ports cargo and agents. We have further promoted freight hubs; four new energy tugboats of Xiamen Port Shipping have responsibilities in a tiered and categorized manner improved the
the shift from bulk to containerized shipping and from road transport been delivered and officially put into service and together with a fifth authorization mechanism from the Board to the management and
to water transport resulting in a record high for sea-rail intermodal tugboat have formed the largest new energy tugboat fleet in China; advanced the exit and disposal of inefficient or non-performing
transport. The towing business of Xiamen Port Shipping has won the 40 new energy trailers of Xiamen Port Transportation have been investment projects. The Company has advanced the reform of
bid for a long-term energy service project raising the share of off-port delivered and put into operation. We have adhered to a strategy inte- state-owned enterprises efficiently with continuous improvement in
revenue to 44%. Second we have improved operational efficiency grating green and intelligent development delivering notable results its governance system.around first-class services. The railway container shipment volume at
Chairman of Xiamen Port Development in our transformation.Shihushan Terminal and the unloading rate of 200000-ton vessels at
Chen Zhaohui Hailong Terminal's Haiyu Port Area have reached historic highs. Hailong
Terminal has also recorded a breakthrough in the single-vessel unload-
ing rate of wood chips for foreign trade. Seven member enterprises
have obtained ISO 9001 quality management system certification and Across mountains and seas we chase our dreams; though the path ahead is long we stride forward with confi-
six have received the Customs AEO Advanced Certificate. Xiamen dence. Over the past twenty-one years we have embarked on a new journey of building first-class ports leading
Penavico International Freight & Forwarding has won MSC's Quality
Service Award and has been recognized as Maersk's Excellent Service in four aspects and created a brilliant chapter through concerted efforts. As a saying goes "Those who set out
Supplier for Shipping Booking Agency and Outstanding Contribution with determination must plan for the end from the start; those who succeed often have a thorough plan in place
Supplier in South China. Third we have cultivated a lean gene around from the very beginning." At the beginning of 2026 let us set clear goals remain confident press forward with
first-class management. We have successfully obtained a 3A long-term
entity credit rating. The sharing center for finance auditing and legal determination and build on our momentum. We will fully implement President Xi Jinping's key speeches and
affairs are under continuous development and a lean management directives regarding the work in Xiamen and Fujian Province accelerate the cultivation of new drivers and advan-
task force has been established launching 16 pilot projects in lean
management. Notably Hailong Terminal has realized a 202% surge in tages for high-quality development and strive to write a new chapter as Xiamen leads the way toward building a
the business volume by reengineering the processes of wood chips for modern socialist port thereby contributing to the strategy of elevating "Maritime Fujian" to new heights!
foreign trade. Fourth we have focused on capital operations to opti-
mize the asset structure. In 2025 we have officially launched major
asset restructuring planning to issue shares and pay cash to acquire a
70% stake in Xiamen Container Terminal Group and raising supporting
funds. Through industry-finance integration we have enriched our
main port businesses and created a platform for the listing of ports
with enhanced competitiveness and investment value.
005 0062025 Environmental Social and Governance Report About Us
About Us Honors in 2025
Honor winner Honor Awarded by Supporting materials
Company Profile
Xiamen Port 2025 Excellent Practice Case of the China Association for
Xiamen Port Development Co. Ltd. is a state-holding enterprise listed on the Shenzhen Stock Exchange (stock code: 000905) with a registered Development Board of Directors for Listed Companies Public Companies
capital of RMB 741809597. The Company's controlling shareholder is Xiamen International Port Co. Ltd. holding 52.16% of the company's
shares. The actual controller of the Company is the State-owned Assets Supervision and Administration Commission of the People's Govern-
ment of Fujian Province. The Company is a national 5A-level logistics enterprise a national 5A-level supply chain service provider the only
platform for the listing of ports under Fujian Provincial Port Group Co. Ltd. a large bulk and general cargo terminal and comprehensive logis-
tics service provider at Xiamen Port and an Investmentand operator of Xiamen Xiangyu Comprehensive Bonded Zone. Xiamen Port 2025 Best Practice Case of the Board China Association for
Development Office for Listed Companies Public Companies
Corporate Culture
Corporate mission Corporate values Xiamen Port 2025 Excellent Practice Case of Sustainable China Association for
To bridge the world empowering global trade through Development Development for Listed Companies Public Companiesresponsibility innovation passion efficiency
Xiamen Port
Strategic positioning Development vision
2025 China Listed Company Yinghua Award
A leading port logistics and supply chain service provider To become a world-class port that is safe convenient Xiamen Port
Development A-share ESG Demonstration Case CHINAFUNDon China's southeast coast smart green efficient robust and internationally advanced
Organizational Structure
Xiamen Port ESG Golden Bull Award China Securities Journal
Development
Shareholders' meetings
Party Committee
2025 ESG Value Delivery Award for Listed
Board of Directors Strategic Development and ESG Committee Xiamen Port Companies 2025 Digital Innovation Best
Discipline Inspection Commission Development VALUEONLINEPractice Award for the Board Office 2025
AI Frontier Innovation Award
Nomination Remuneration and Appraisal Committee
Management
Audit Committee
Xiamen Port The First Silk Road Enterprise Sustainable
ESG Research Institute of
Development Forum Silk Road Enterprise Northwest University of Development
ESG Leadership Award Political Science and Law
China.com
Xiamen Port 1st among the 2025 Top 10 Logistics Xiamen Enterprises and
Development Companies in Xiamen Entrepreneurs Association etc.Xiamen Port The Second Batch of Typical Transportation
Logistics and Infrastructure Zero-Carbon Pilot Ministry of Transport
Business Overview Projects
The Company specializes in bulk and general cargo terminal handling and storage port supporting services and integrated supply chain busi-
ness. Its business activities encompass all aspects of ship and cargo entry and exit including terminal handling tugboat assistance ship
Xiamen Penavico Ministry of Transport National
agency tally inspection entrusted customs declaration warehousing transportation delivery and port trading. They ensure a complete and International Typical Case of Brand Route Development Railway Administration China
efficient port logistics supply chain service system. Freight & Forwarding for Rail-Water Transport State Railway Group Co. Ltd.
007008
Audit Department
Trade Division
Bulk and General
Cargo Division
Logistics Division
Safety and Environmental
Protection Department
Operations Management
Department
Investment Management
Department
Finance Department
General Management
Department
Financial Sharing
Center
Office of the Board
of Directors
Discipline Inspection
and Supervision Office
Party and Mass
Work Department2025 Environmental Social and Governance Report About Us
Honor winner Honor Awarded by Supporting materials Honor winner Honor Awarded by Supporting materials
Xiamen Information
First Prize in the Final of the 2025
Xiamen Port Industry Association
Transportation Science Popularization Maritime Safety Xiamen Internet Of Things Shipping Administration
Explanation Competition Xiamen Ocean Second Prize of the 4th Xiamen 5G Industry Association Xiamen Communications
Shipping Tally Application Competition Industry Association
Xiamen Internet Associa-
Innovative "Safe Port" Case: Hydraulic tion Xiamen Software
Hailong Terminal Intelligent Grain Silo Sweep Auger China Ports & Harbours
Industry Association etc.Renovation Project Association
Xiamen Penavico First Place and Excellent Organization Xiamen Municipal Bureau
International Award in Freight Forwarding Service Xiamen Port of Education Xiamen National Port Tugboat Skills Competition China Ports & Harbours Freight & Forwarding Team Skills Competition Federation of Trade UnionsShipping Outstanding Contribution Unit Award Association
Xiamen Port 2025 Digital Transformation/Application China Federation of Third Prize at the 2nd Xiamen Women's
Logistics Case of Logistics and Supply Chain Logistics & Purchasing Federation System Reform and Xiamen Women's
Enterprises Penavico Xiamen Innovation Featured Projects Exhibition Federation
and Evaluation
Third Place in the 2025 Fujian Provincial Fujian Provincial Department of Transport
Second Transportation Industry (Port) Fujian Provincial Department of HumanShihushan
Terminal Engineering Machinery Repair Technician
Resources and Social Security
(Yard Machinery Repair Technician) Team Fujian Federation of Trade Unions
Qualifications
Award Fujian Provincial Committee of Communist
Youth League of China Unit Qualification
Fujian Provincial Department of
Transport Xiamen Port Development National AAAAA Supply Chain Service EnterpriseThird Prize in the 2025 Fujian Provincial
Transportation Industry Hoisting and Fujian Provincial Department of
Handling Machinery Operator (Gantry Human Resources and Social Xiamen Port Development Penavico XiamenHailong Terminal National AAAAA Logistics Enterprise
Crane Operator) Vocational Skills Team Security
Competition Fujian Federation of Trade Unions Hailong Terminal Xiamen Port Transportation
Fujian Provincial Committee of National AAAA Logistics EnterpriseXiamen Port Logistics Huajin Terminal
Communist Youth League of China
Xiamen Penavico International Freight & Forwarding
Xiamen Port Logistics Bonded National AAA Logistics Enterprise
Xiangyu Comprehensive Bonded Zone: Fujian Provincial Department of Xiamen Port Trading Xiamen Penavico Customs Broker Xiamen Port Logistics
Xiamen Port First Batch of Excellent Cases of Bonded Xiamen Ocean Shipping Tally Zhangzhou Haiming Xiamen Ocean Shipping Customs AEO Advanced Certified Enterprise
Logistics Ecology and Environment Tally Sanitation and Quarantine Technical ServicesBeautiful Parks in Fujian Province
Designated Port of Entry for Grain Imports by the
Hailong Terminal General Administration of Customs
Shihushan Terminal
Hailong Terminal Shihushan Terminal Coal Reserve Base in Fujian Province
Xiamen Port Shipping
Xiamen Ocean Shipping
Xiamen Port Transportation Online Freight Platform Business QualificationTally Xiamen Ocean
Shipping Tally Sanitation Xiamen Port and Shipping Enterprise Xiamen Port Authority
and Quarantine Credit Evaluation Rating AA Xiamen Port Haiheng Industrial Pilot Enterprise for Parallel Import Vehicles
Technical Services
Xiamen Penavico Penavico Xiamen Xiamen Penavico International Freight & Forwarding Non-Vessel Operating Common Carrier Business
Navigation Xiamen Qualification
Haihong Petrochemical
Terminal Gulei Tugboat Xiamen Port Trading Xiamen Key (Leading) Foreign Trade Enterprise
Xiamen Supply Chain Innovation and Application
Xiamen Port Trading Pilot Enterprise
Xiamen Port 2025 List of Digital Xiamen Construction Xiamen Data Management
Logistics Achievements Bureau
Xiamen Penavico International Freight & Forwarding Three-Star Multimodal Transport Operator
009 0102025 Environmental Social and Governance Report About Us
Key Performance Data
Economic Indicators Social Indicators
Total assets 2024 2025 YoY increase Social 2024 2025 YoY increase
RMB 100 RMB 100 contribution 2 RMB 100 RMB 100million million million million
Net assets attribut- 2024 2025 YoY increase New 2024 2025
able to the parent
RMB 100 RMB 100
company invention patents YoY increasemillion million case case
Operating 2024 2025 YoY decrease Frequency of employee 2024 2025 YoY increase
revenue RMB 100million participation in democraticRMB 100million management activities Nr. Nr.Net profit attributable 2024 2025 YoY increase Deaths in the 2024 2025
to the parent RMB 100 RMB 100 line of duty Unchanged YoYcompany million million person person
Environmental Indicators
Governance Indicators
Total investment in 2024 2025 YoY increase Number of meetings of 2024 2025 YoY increase
environmental the Board of Directors
protection1 RMB 10000 RMB 10000 and special committees Nr. Nr.Use of 2024 2025 YoY increase Wind ESG Rating 2024 2025
clean after annual YoY increase
energy 10 MWh 10 MWh reporting Grade Grade
Comparable comprehensive
2024 2025 YoY decrease Information 2024 2025energy consumption per disclosure Unchanged YoY
unit product of terminal rating Grade Gradetce/10000 t tce/10000 tenterprises
Enterprise 2024 20252024 2025 YoY decrease
Total GHG emissions credit rating YoY increaseGrade Grade
of terminal enterprises
tCO?e tCO?e
2
Social contribution refers to the sum of the Company's net profit employee compensation taxes paid donation expenditure and various interests
paid to banks and other creditors in 2025.
1 The main reasons for the Company's total investment in environmental protection reaching RMB 166.18 million in 2025: (1) two additional new
energy vessels purchased by Xiamen Port Shipping; (2) new coal shed construction at Shihushan Terminal.
011 0122025 Environmental Social and Governance Report ESG Governance
ESG Governance Anchoring Sustainable Development StrategiesDrawing up a New Long-term Blueprint
The Company has elevated ESG management to a strategic core position and systematically promoted ESG practice to drive sustainable develop-
Xiamen Port Development actively practices the ESG management concept systematically improves ESG management efficiency by continu- ment. In top-level design the Company regularly publishes ESG annual reports externally and builds ESG information systems and management
ously optimizing the governance structure and improving the risk control system and is committed to achieving sustainable development and structures internally to strongly support the goal of building world-class ports. The Company adheres to the development principles of environmental
symbiosis between enterprises environment and society. friendliness social harmony and standardized governance. It drives the development of innovative ports with smart terminals smart parks and smart
logistics builds beautiful ports through energy conservation and emission reduction low-carbon operations and environmental protection creates safe
ports with work safety compliant operations and healthy environment construct humanistic ports with returns to shareholders loving care for
ESG vision To empower high-quality development with ESG and become a responsible corporate citizen employees and integration into communities and promotes the sustainable and healthy development of the Company.ESG commitment As a responsible corporate citizen the Company is committed to participating in and promoting the 17 Sustainable
Development Goals (SDGs) proposed in the UN 2030 Agenda for Sustainable Development while achieving its own Dimension Risk description Countermeasures
steady development and marches toward a leading ESG level in the industry.Further implement the All-employee Work Safety
Work safety risks caused by inadequate safety knowledge train- Responsibility System strengthen hierarchical risk
Governance ing for new employees delayed rectification or rectification that management and hazard identification and remedi-Work safety does not meet the requirements improper handling of safety ation continue to carry out safety training and
accidents and failure to effectively launch emergency plans. strictly implement on-site supervision and manage-
The Company continues to improve its ESG governance structure and promote the in-depth integration of ESG concepts with corporate operations. ment and intensify safety responsibility assessment.Based on the actual needs of business operations the Company has built a top-down ESG governance system with clear responsibilities forming an
ESG management structure led by the Board of Directors and its Strategic Development and ESG Committee managed by the ESG leadership Occupational Strictly follow national laws and regulations to
group implemented by the ESG special working groups and with various departments and member enterprises as the responsible units. Health impact of specific positions on workers implement occupational health hazard prevention health measures for specific positions.Board of Directors and its Strategic Development and ESG Committe Further implement the main responsibility of environ-
Coordinate the research on ESG concepts objectives and plans; make decisions on ESG mental protection ensure proper hazardous waste
management systems ESG reports and other key information disclosure documents; Corporate social reputation and economic losses due to the treatment and control according to regulations Environmental
review assess and supervise major ESG matters of the Company consequences of enterprise shutdowns or fines caused by strengthen sewage treatment and discharge man-protection non-compliance with environmental protection standards. agement effectively control dust during operation
ESG leadership group and other processes ensure compliance with stan-
ESG special working groups functional departments Formulate medium- and long-term dards during management etc.and member enterprises Decision- ESG development strategies and
making
The ESG special working groups are responsible for monitoring ESG policy and objectives; review management If the Company's tax behavior does not comply with tax laws and
development trends making recommendations developing ESG-related manage- systems and workflows related to regulations resulting in failure to pay taxes or underpayment of Establish a basic tax information system regularly
ment systems and implementation guidelines refining ESG working mechanisms ESG matters; coordinate the prepa- taxes it may face risks such as tax arrears fines late fees crimi- identify and manage key tax risk points monitor tax
ration of the annual ESG report; Taxation nal penalties and reputational damage.If tax laws are inaccurately risks associated with major business activities devel-and organizing ESG training and promotion activities. The working groups collab- Management applied to business operations and available tax incentives are not op countermeasures and enhance tax law educa-
orate to formulate break down and assess the Company's ESG performance organize the identification analysis fully utilized the Company may overpay taxes and bear unneces- tion and training.indicators and manage the collection review and adjustment of key ESG indica- and evaluation of topics on impact sary tax burdens.tors data and information. They also prepare the Company's annual ESG report materiality and financial materiality
and other required ESG disclosures. The functional departments and member as well as associated risks and Insufficient management of existing customers and inadequate
enterprises are responsible for developing and executing ESG management Execution opportunities Customer development of potential market demand may result in customer Strengthen customer management actively explore
objectives key indicators and work plans within their scope as well as collecting management loss or hinder market expansion. Incomplete customer records potential market demand maintain and update
reviewing and submitting ESG data and information. and a lack of sound credit evaluations may lead to poor custom- comprehensive customer records and conduct
er selection uncollectible sales proceeds or financial losses. credit assessments for new customers.The Company has set up three ESG special working groups for society environment and governance to track and
assess the implementation of SDGs in combination with the main functions and key tasks of each department. It
ESG performance focuses on combining annual energy conservation and emission reduction compliant operations work safety and Arbitrary price reductions or increases can result in decreased Enhance customer credit investigation improve
assessment other indicators with the annual performance assessment of the management and linking them with the annual Supply
revenue or loss of market share; uncontrolled credit sales; risks contract risk assessment and strengthen the super-
mechanism arising from unauthorized modifications to rights and obligations vision of contract performance and control of finan-
salary payment of the management. By commending outstanding projects the Company encourages all depart- chain clauses in the standard contract text without proper review. cial risks.ments and member enterprises to better participate in ESG work.Unclear information system planning unscientific project
The Company attaches great importance to the continuous and accurate disclosure of ESG information continues Raise awareness of information system planning
Information development and non-standardized maintenance or change and hire professionals to assist with development
ESG to complete the work of ESG information disclosure prepares a special ESG report every year and reports to the system procedures can reduce operational efficiency and effective- maintenance and changes; relevant functional
supervision Board of Directors. To further standardize its ESG information management the Company uses the ESG informa- ness. Lack of effective oversight may cause development planning departments continue to carry out effective super-
mechanism tion management system and platform to realize the daily standardized and long-term management of ESG-relat- projects to diverge from strategic goals resulting in wasted vision.resources and financial losses.ed indicators and information and efficiently advance ESG-related work.Enhance the Company's awareness of energy
Energy Inadequate efforts in energy conservation and emission conservation and emission reduction comply with
conservation reduction can increase production costs and even harm the the guidance and supervision of higher authorities
The Company conducts annual ESG due diligence by utilizing document reviews departmental interviews and and emission Company's reputation and economic interests. continuously optimize energy consumption struc-
ESG other methods to thoroughly understand ESG management practice at all organizational levels. It systematically
due reduction
ture strengthen management of external collabo-
rating units and commit to building a resource-ef-
diligence evaluates the significance of various sustainability topics and associated risks and opportunities providing a refer- ficient and environmentally friendly enterprise.ence for the scientific planning of ESG priorities for the following year.
013 0142025 Environmental Social and Governance Report ESG Governance
Impact Risk and Opportunity Management Stakeholder Communication
The Company has led the overall development with ESG top-level design established a normalized ESG risk identification and assessment The Company's stakeholders include government departments and regulatory agencies shareholders and investors customers partners
mechanism fully embedded relevant risks into the corporate governance structure system and management process simultaneously formulat- employees communities and the public. The Company attaches great importance to the concerns and demands of stakeholders. It has broad-
ed targeted risk response and opportunity transformation strategies and implemented dynamic tracking and closed-loop management for risk ened communication channels with stakeholders established a regular communication mechanism enhanced internal and external stakehold-
control. The specific procedures are as follows: ers' understanding and recognition of the Company kept abreast of stakeholders' opinions integrated their expectations and concerns into
corporate strategies and operations management and established a cooperative relationship of mutual respect mutual benefit win-win coop-
eration and common development with stakeholders.Communicate with risk man- Analyze the sources of ESG risks
agers and stakeholders assist and their impact on the Compa-
in ESG risk identification ny conduct a SWOT analysis on Demands and Communication Communication
Sort out the list of the Com- through different actions and the risk sources and their impact Stakeholders
pany's existing risks including processes combine the on the Company and classify
expectations channels frequency
strategies operations finance resu l t s o f ac t i ons and the risks into various types
and compliance. processes with corporate including opportunities threats
advantages and disadvantages Compliant operations Inspections by leaders andstrategies and goals and Irregularly
identify ESG-related risks and so that the Company can formu-
competent departments
Business ethics and integrity Irregularly
opportunities. late corresponding policies and Compliance inspections and checks
measures for management. Government departments Energy conservation and Irregularly
and regulatory agencies emission reduction Daily policy implementation
Compliant operations
ESG construction Lawful tax payments
Innovation and R&D Shareholders' meetings Irregularly
Business ethics and integrity Regular reports Quarterly
In March 2025 the 2024 ESG Report was prepared in accordance with the relevant requirements of the Business Guidelines of
Investor hotline Daily
Shenzhen Stock Exchange for Self-discipline Regulation of Listed Companies No. 17—Sustainability Report (Trial) the ESG require- Intellectual property protection
ments in the Work Plan for Improving the Quality of Listed Companies Controlled by Central Enterprises from the SASAC as well as Risk management Interactive platforms Daily
Shareholders and
related requirements in the Reference of ESG Indicators System for ESG Reports of Listed Companies Controlled by Central Enter- investors High-quality information disclosure Investor relations email addresses Daily
prises the GRI Standards published by the GRI and the SDG Compass of the UN among other documents. This Report demon-
Investor communication Investor relations column on the Irregularly
strates the Company's efforts and performance on key issues such as the governance structure environmental friendliness climate Company's official website
change and service quality which were recognized by the public. Shareholder rights and
interests protection
The Company focusing on the construction of ESG systems has implemented the concept of sustainable development effectively
built an ESG work system and actively fulfilled ESG responsibilities.The Company is committed to building ESG capabilities. In 2025 it has invited third-party institutions to provide training on the
Product quality Customer satisfaction surveys Annually
latest policy trends and report preparation in the ESG field summarized and reviewed past ESG work and made future ESG action
plans. Customer privacy protection Email and daily phone communication Irregularly
After-sales service Customer email addresses Irregularly
Responsible marketing Responses to customer complaints Irregularly
Indicators and Targets Customers Handling of customer complaints Customer visits Irregularly
Innovation drive Green development
Drive the development of innovative ports with smart Build beautiful ports through energy conservation and
terminals smart parks and smart logistics emission reduction low-carbon operations and environ-
Compliance with laws and Selection and evaluation Regularly
regulations
mental protection Procurement processes Annually
Transparent procurement
Performance evaluation Annually
Encouragement of healthy industry
Compliance and security People orientation Partners development Communication with business partners Irregularly
(by email meetings etc.)
Create safe ports with work safety compliant operations Construct humanistic ports with returns to shareholders Exchanges and cooperation
and healthy environment loving care for employees and integration into communities Business ethics and integrity
015 0162025 Environmental Social and Governance Report ESG Governance
Stakeholders Demands and Communication Communicationexpectations channels frequency
Based on the results of the impact materiality and financial materiality analysis and according to its
Step 3 development situation the Company determines the threshold of its impact materiality and financial
Training and induction training Irregularly materiality issues ranks the materiality and draws a matrix of materiality issues. The importance of
Employee health and safety Comprehensive Analysis
Email and suggestion box Irregularly of Materiality Issues each issue provides an important reference for the Company to continuously disclose information
Employee care
Workers' congresses Annually related to sustainable development and social responsibility.Employee rights protection
Employees Employee performance evaluation Annually
Employee growth
Employee activities Irregularly
High Green operations Employee care Product and service safety and quality
Email and phone Irregularly
Ecosystem and biodiversity conservation Intellectual property Addressing climate change
Company announcements Irregularly protection
Employee rights protection Occupational health and work safety
Community public welfare Social networking platforms Daily Party building leadership
Community development Customer services Pollution dischargeCompany website Daily Corporate governance
Circular economy Compliant operations Waste disposal
Communities Social media Daily Anti-commercial briberyand anti-corruption
and the public Green office Innovation R&DCharity donation and Annually
volunteer services Risk management Anti-unfair competition
Irregularly
Community activities Investor relations management Stakeholder communication
Shareholder rights protection
Data security and privacy protection
Identification of Dual-Materiality Issues
The Company conducts research and evaluation on two dimensions: internal and external stakeholders identifying issues of financial materiality Water resource utilization Environmental compliance management
and impact materiality to the Company. In 2025 based on internal and external feedback and industry benchmarking results the Company
Circular economy Energy utilization
identified a total of 34 substantive issues that had a significant impact on the Company and its stakeholders. These serve as the basis for the
preparation of this Report and also provide an important reference for the subsequent ESG management work of the Company. Social contributions Supply chain security
Equal treatment of SMEs Supplier management
Rural revitalization ESG governance
Technology ethics
1 The Company has preliminarily identified 34 topics related to its environment society and gover- Due diligenceStep nance in combination with the topic setting in the Business Guidelines of Shenzhen Stock Exchange
Identification of for Self-discipline Regulation of Listed Companies No. 17—Sustainability Report (Trial) as well as port
Key Issues industry characteristics business nature industry development stage and its own business model.For the identified issues the Compa- Materiality
category Interpretation Method
ny understands and solicits opinions
Whether the Company's perfor- Relatively high F i nanc i a l ma te r i a l i t y High
from stakeholders through methods Impact mance on the corresponding issues Questionnaire
materiality will have a significant impact on the such as questionnaire surveys expert economy society and environment survey Step 2
evaluations and industry benchmark-
ing conducts impact materiality and Whether each issue is expected to Materiality Analysishave a significant impact on the
financial materiality assessments and Financial Company's business model opera- Questionnairetions development strategies finan-
determines the two's scores for each materiality cial position performance cash surveyflow financing methods and costs
issue. in the short medium and long
terms
017018
Impac t ma te r i a l i t y2025 Environmental Social and Governance Report Special Topic 1
Special Topic 1 Quanzhou Port Area Amid extreme sea conditions "Xia Gang Tug 26" and "Xia Gang Tug 6" successfully completed towing and rescue
operations for out-of-control vessels at the end of 2025.Great Mission: Building a Strong Maritime Safety Line to Protect Lives
In the face of the continuous challenges in high-density and high-risk shipping the Company upholds the principle of putting life first. With a
high degree of political stance it deeply embeds maritime life safety protection into the core mission of state-owned enterprises. While ensur-
ing the efficient operations of ports it actively engages in the development of maritime emergency rescue systems earnestly fulfilling its vital
role in safeguarding regional maritime public security.Quanzhou Port Area:
undertakes high-risk maritime
emergency rescue operations
Decisive Action: Confronting Risks and Safeguarding the Bottom Line of Life Management as Basis: Establishing Long-term Mechanisms
to Solidify Safety Foundation
Xiamen Port Shipping serves as a critical force in maritime emergency rescue consistently fulfilling emergency duties in key sea areas. It has
With the foundation strengthened through system building a robust line of defense against safety risks should be created. Xiamen Port Ship-
manytimes carried out emergency fire and medical rescue missions for Xiamen Port and other locations. Over the past three years it has taken ping has continued to enhance its long-term safety management mechanism establishing nine functional departments including operations
part in emergency rescue operations for 82 large vessels in distress deploying tugboats 129 times and accumulating 391.99 hours of rescue management and safety supervision to coordinate and undertake responsibilities such as maritime search and rescue. The annual audit of the
work making a distinct contribution to the work safety of Xiamen Port and other ports. safety management system has been advanced in an orderly manner and Xiamen Port Shipping along with its subsidiaries and representative
vessels has successfully completed the endorsement of DOC and SMC certificates. Meanwhile Xiamen Port Shipping has established a com-
prehensive and highly efficient safety management network implementing a full-chain closed-loop management mechanism that covers early
warning and monitoring hazard investigation risk control emergency response command procedures and post-incident review. Regular joint
Gulei Port Area In April 2025 the "Gu Gang Tug 2" successfully rescued two individuals from an overturned fishing boat. In November under ship-shore hazard inspections have been carried out effectively enhancing the specificity and effectiveness of hazard management through
harsh sea conditions the "Gu Gang Tug 4" urgently transferred critically ill crew members gaining valuable time for their treat- on-site reviews and targeted investigations. The three-year campaign to address the root causes of work safety has been promoted in depth
ment. with various special inspections such as daily work safety and holiday safety precautions completed on schedule. Efforts have focused on recti-
fying problems found in maritime safety inspections enabling vessels like "Xia Gang Tug 11" and "Xia Gang Tug 29" to achieve zero defects in
the flag state supervisory inspection.Based on a strong foundation core professional capabilities have been developed. Xiamen Port Shipping has developed a training system
featuring layered classifications and ship-shore coordination. Focusing on the skill gaps and career development needs of personnel in various
positions it has ensured that the training plans are precisely tailored. It has intensified thematic activities by launching the Work Safety Month
to amplify safety education effectiveness and organized shore-based ship deck and engine managers to attend the "National Open Class on
Safety" focusing on elevating front-line workers' professionalism and strengthening shore-based managers' abilities in coordination and emer-
gency response. These efforts have reinforced the safety foundation for Xiamen Port Shipping's high-quality and steady growth.Gulei Port Area: Case Study: Xiamen Port Shipping has conducted diversified training programs
engages in maritime
emergency rescue operations
（1）For shore-based managers specialized courses have been
offered including in-depth interpretation of safety management
Yangpu Port Area Between September and December 2025 the Guotou Xiagang responded to maritime dispatches deploying multiple tugboats systems emergency command and coordination and integration of
such as "Xia Gang Tug 22" to manage emergencies including persons overboard and ship malfunctions. Seven individuals were Party building with business operations. Through interactive teach-
successfully rescued demonstrating the Company's rapid mobilization and sustained operational capabilities. ing methods such as case studies and scenario simulation these
courses have enhanced their capabilities in holistic management
and risk assessment.
（2）For front-line crew members training focuses on key areas
such as ship equipment operation and maintenance emergency
response skills and updates to maritime regulations. On one hand
hands-on mentoring has been provided to help new crew members
quickly become familiar with their work. On the other hand online
training has been offered. Over the year more than 190 crew mem-
bers have participated in online courses covering collision avoidance
Yangpu Port Area: rules and anti-pollution regulations helping them stay up to date
engages in maritime search with the latest industry standards.and rescue operations
Training organized for staff of Xiamen Port Shipping
019 0202025 Environmental Social and Governance Report Special Topic 1
A highly efficient collaborative network has been built through concerted efforts. Internally the Company has broken down barriers to enable Honor as Guide: Demonstrating a Sense of Responsibility and Illuminating
cross-departmental coordination; externally it has collaborated with various parties to participate in government-organized emergency drills the Path of Progress
fostering smooth and effective cooperation. Meanwhile Xiamen Port Shipping has engaged a professional inspection and testing agency to
sample and analyze all tugboat sewage treatment units within the port area. Domestic sewage has been either discharged after treatment by The Company has received multiple national and provincial honors in ship safety and maritime emergency rescue comprehensively demon-
these units or collected and disposed of by qualified professional recycling operators. Oily wastewater generated by tugboats has been strating the consistent professionalism and exemplary duty performance of its team.uniformly collected in the tanks onboard and then entrusted to certified third-party recycling agencies registered with maritime authorities.Through proactive external coordination and collaboration all marine rescue operations have been conducted with marine environmental
protection as a foundational principle achieving a balance between safety and ecology.Case Study: Xia Gang Tug 18 of Xia Gang Tug 23 of Quanzhou Xiagang Tugboat has participated in a government-organized emergency drill Xiamen Port Shipping is Xiamen Port Shipping is
awarded the title of awarded the title of
National Safe and Honest National Safe and Honest
On June 27 Quanzhou City held its first "Sea-Land Coordination for Bridge Protection" comprehensive emergency drill for maritime Ship by the Ministry of Ship by the Ministry of
vessel-bridge collision incidents in the waters of the Quanzhou Bay Cross-Sea Bridge. The tugboat Hongtu managed by Quanzhou Transport Transport
Xiagang Tugboat assisted professional firefighting tugboats in extinguishing open flames during the firefighting and emergency
towing of the ship involved in the accident and towed the ship to the emergency berthing area of Quanzhou Bay effectively
preventing secondary disasters. In addition Hongtu actively participated in monitoring and vigilance work using advanced equipment
to monitor on-site dynamics in real time and provide accurate information for rescue command. In the cross-departmental coordina-
tion Hongtu worked closely and efficiently with more than 20 departments responsible for maritime affairs emergency fire protec-
tion medical care and other tasks to successfully complete the rescue operation fully demonstrating the professionalism and emer-
gency response capabilities of the maritime rescue force.Gu Gang Tug 3 of Gulei Guotou Xiagang is
Tugboat is awarded the honored with the 2024
title of National Safe and National Maritime Search
Honest Ship by the and Rescue Award by the
Ministry of Transport Ministry of Transport
Xia Huan Tug 1 of Guotou Xiagang is
Quanzhou Xiagang honored with the 2024
Tugboat is honored with Hainan Maritime Search
the 2024 National and Rescue Award by the
Maritime Search and Hainan Maritime Search
Rescue Award by the and Rescue Center
Ministry of Transport
Quanzhou Xiagang Tugboat participates in a government-organized emergency drill
Xia Gang Tug 9 of Xia Gang Tug 19 of
Guotou Xiagang is Xiamen Port Shipping
Empowered by science and technology the essence of work safety has been improved. Xiamen Port Shipping is constructing green intelli- honored with the 2024 receives a commendation
gent new energy hybrid tugboats focusing on "safety first intelligent empowerment." The newly built tugboats feature China's first Hainan Maritime Search from Xiamen Maritime
"one-screen" console integrating five core intelligent modules of control navigation engine room energy efficiency and integrated plat- and Rescue Award by the Search and Rescue
form. Leveraging the fusion of millimeter-wave radar lidar visual recognition and AI algorithms these tugboats achieve centimeter-level Hainan Maritime Search Center for its active
obstacle detection and possess advanced automatic collision avoidance greatly enhancing navigational safety. Meanwhile Xiamen Port and Rescue Center involvement in handling
Shipping has been recognized as a first-class standardized work safety enterprise in the waterway general cargo transport sector. Driven by an emergency incident
both technological innovation and system certification it continues to improve the level of work safety providing strong support for smart with unmanned small
port operations and maritime search and rescue services. boats at sea
021 0222025 Environmental Social and Governance Report Special Topic 2
Effectiveness First: Focusing on Value Creation
Special Topic 2 and Unleashing Development Potential
The Company adheres to a performance-based approach transforming lean management achievements into tangible operational results and
Lean Empowerment: Powerful Engine for Quality and Efficiency Enhancement delivering breakthrough progress in quality improvement costs reduction and efficiency enhancement.New breakthrough in operational efficiency
In 2025 the Company prioritized high-quality development and employed lean management as the key method to strengthen its core competi- Hailong Terminal surpassed its annual service efficiency target reaching 102% and saw a 202% surge in the business volume by reengineering
tiveness. The Company upholds the principle of "problem orientation full participation and continuous improvement" deepening management the processes of wood chips for foreign trade. Gulei Port Development enhanced the container ship turnaround efficiency (an average
three-month improvement of 2.5%) and achieved an on-time rate for container handling of over 96% by optimizing yard layout and coordina-
reform and reshaping business processes. Driven by the spirit of artisans highlighting craftsmanship and pursuit of excellence it ignited internal tion mechanisms thereby significantly boosting terminal competitiveness in the region.motivation and advanced the modernization of its governance system and capabilities.Significant progress in costs control Setting a new benchmark for service quality
Xiamen Port Transportation enhanced maintenance process visualiza- Xiamen Penavico International Freight & Forwarding integrated the
tion and precisely identified non-value-added steps resulting in an lean concept into warehouse management and through close collab-
80% reduction in overall maintenance costs for the fleet at Xinhaida oration with the IT team achieved precise system adaptation for both
Terminal; Xiamen Port Shipping advanced domestic manufacturing of bonded and non-bonded operations. Following project implementa-
System Guidance: Fostering Lean Culture and Activating Internal Drive spare parts and encouraged the crew to perform routine repairs tion warehouse management efficiency increased by 30% operation-
improving professional skills and achieving a 12% year-on-year reduc- al error rates were kept below 5% and customer satisfaction rose to
The Company combines top-level design with primary-level explora- tion in daily incidental maintenance costs per vessel. over 90%. This not only reduced costs and improved efficiency but
tion to create an integrated lean management framework. To also earned a strong market reputation through high-quality services.strengthen organizational support a lean management task force led
by the general manager has been established along with a dedicated
office fostering a work pattern characterized by comprehensive
participation and layer-by-layer implementation. By rigorously select-
ing benchmark projects and leveraging the Party branch as a strate-
gic stronghold the Company focuses on efficiency costs quality and
safety. It carefully chose the best among 49 projects to establish 16
lean management pilot initiatives maximizing the "point-to-area" spill-
over effect.Moreover the Company is dedicated to fostering a culture of lean
management. By organizing the participation in a three-day intensive The Company attends a three-day intensive training session
training session on the lean management concept for 43 key person- on the lean management concept
nel the Company introduced professional tools such as SIPOC and
value stream mapping during project implementation. By establishing
WeChat groups and implementing regular reviews and tracking
mechanisms the Company broke down departmental barriers and Xiamen Port Transportation has developed a project charter for the Xiamen Penavico International Freight & Forwarding
promoted cross-departmental collaboration. This approach has grad- Lean Six Sigma initiative on "Reducing Vehicle Maintenance Time" develops a project charter in line with the DMAIC process
ually internalized the philosophy of "pursuing excellence and continu-
ous improvement" into employees' daily actions and the organization-
al culture.
023 0242025 Environmental Social and Governance Report Special Topic 3
The Zero-carbon Pilot Project at Xiangyu Comprehensive Bonded Zone Listed in the Second
Special Topic 3 Case Study: Batch of National Zero-carbon Pilot Projects by the Ministry of Transport and Featured in theCCTV Documentary Series Lucid Waters Green Mountains: China's Answers
Dual Drivers: Intelligent and Green Development Opening up
a New Prospect for Green Ports In 2025 the zero-carbon pilot project at Xiamen Port Logistics' Xiangyu Comprehensive Bonded Zone was successfully included in
The Company is driving transformation in the port industry through both intelligent and green initiatives. By electrifying equipment adopting the Ministry of Transport's second batch of national zero-carbon pilot projects. Guided by the "carbon peaking and carbon neutrality
clean energy implementing digital management and enabling intelligent operations a new ecosystem of green low-carbon intelligent and (dual carbon)" strategy the project systematically advanced the green transformation of the zone: It completed a 7.5 MW distribut-
ed photovoltaic system and supporting energy storage station generating about 8000000 kWh annually—over three times
efficient port operations has been systematically established.the zone's electricity usage. The project achieved 90% photovoltaic coverage on warehouse roofs 90% new energy substitution of
operational equipment full energy-saving retrofits for lighting and heat dissipation devices and deployed 51 new energy forklifts. As
a model for Xiamen Port's green development the project was showcased as a highlight in Episode 3 Harmony Between People and
the Sea: Xiamen's Practice of the CCTV-1 documentary series Lucid Waters Green Mountains: China's Answers.Green Transformation: Deepening Ecological Protection and
Building a Zero-Carbon Transportation System
The Company is committed to a green and low-carbon strategy advancing transformation through equipment upgrading and park renovations.By upgrading forklifts from lead-acid to lithium batteries and expanding the use of battery electric traction equipment the Company has
enhanced operational efficiency and environmental performance. The establishment of a zero-carbon comprehensive bonded zone has
achieved full coverage of green energy and equipment substitution with several initiatives earning national recognition. These initiatives
demonstrate the tangible results of strategic implementation and lay a solid green foundation for high-quality port development.Case Study: Xiamen Port Logistics' Electric Forklift "Lead-acid to Lithium"
Green Upgrading Enhances Quality and Efficiency
To address the challenges of short battery life and low energy efficiency of traditional lead-acid forklifts and to promote green
transformation Xiamen Port Logistics upgraded five electric forklifts at the Haicang less-than-container load (LCL) warehouse to
lithium batteries in 2025. After the upgrading the full-charge operating time of each forklift increased significantly from 4–5 hours
to 7–8 hours boosting operational efficiency lowering operating costs and delivering prominent environmental benefits. This suc-
cessful upgrading addressed the key challenges of warehouse logistics equipment and injected green momentum into the
high-quality port development.Case Study: Green Transformation of Xiamen Port Transportation Speeds up Further
In 2025 Xiamen Port Transportation added 40 battery electric tractors each with a 2025年maximum traction capacity of 70 tons. This initiative marks another significant step by
the Company in advancing green development following its introduction of the electric tractors in raising the electrification
nation's first batch of commercial battery electric tractors six years ago. With the new the port to rate to nearly
equipment now in operation the Company has expanded its fleet of battery electric
tractors in the port to 120 raising the electrification rate to nearly 50%. This will sub-
stantially reduce emissions and noise pollution driving the green port upgrading
through technology.A Lithium Battery Forklift at Work Upgraded Lithium Battery Pack
025 0262025 Environmental Social and Governance Report Special Topic 3
Digital and Intelligence Empowerment: Activating Innovation Momentum
Case Study: Xiamen Port Shipping's Participation in the Seminar on Electrification of Inland and
and Creating a Smart Port Benchmark Coastal Ships during the World Maritime Equipment Conference 2025
The Company is committed to a digital and intelligent strategy leveraging technological innovation to drive the smart port development. By
developing an RPA financial sharing application participating in the development of intelligent silo clearing systems and advancing key technol-
China's first tandem hybrid new energy tugboat "Xia Gang Tug 30" was built by Xiamen Port Shipping. The tugboat made its debut
ogies for green intelligent tugboats it improved operational efficiency and made them smarter. Several outcomes have reached leading at the Seminar on Electrification of Inland and Coastal Ships during the World Maritime Equipment Conference 2025 showcasing
breakthroughs in green and intelligent shipping technologies. Looking ahead Xiamen Port Shipping will continue to advance the
Case Study: The Financial Sharing Center Develops an RPA Financial Sharing Application national green development strategy by integrating low-carbon technologies with intelligent innovation accelerating the industry's
zero-carbon and smart transformation and contributing the "Xiamen experience" to the development of green smart ports in Fujian
Province and globally.To accelerate the adoption of digital and intelligent applications the Financial Sharing Center of Xiamen Port Development established
a team for the RPA financial sharing application project in August 2024 officially launching its development. The RPA financial sharing
application scenario covers all member enterprises registered in the Financial Sharing Center. By automating processes instead of
relying on manual operations it significantly minimized repeated data entry across systems. This not only enhanced financial opera-
tional efficiency and data quality but also greatly drove the deep industry-finance integration empowering business operations at the
front end. After more than a year of continuous promotion the RPA financial sharing application has replaced certain manual tasks
and through economies of scale has freed up limited human resources. This has resulted not only in cost reduction and efficiency
improvement for financial sharing but also established a strong foundation for the upgrading towards intelligent and refined manage-
ment accelerating the digital and intelligent transformation of finance.Case Study: Hailong Terminal's Hydraulic Intelligent Grain Silo Sweep Auger Renovation Project
The hydraulic intelligent grain silo sweep auger renovation project jointly developed by Hailong
Terminal and the China Waterborne Transport Research Institute has successfully delivered
China's first set of sixteen fully hydraulic intelligent silo clearing systems. This project was
approved in February 2022 and fully put into use in July this year. It enabled autonomous silo
clearing while meeting explosion-proof standards boosted efficiency by 50% significantly
strengthened the capacity of grain to break through hardened soil and achieved comprehensive
results in safe intelligent green and efficient development. To date the project has passed the
acceptance review for the science and technology development plan of the Fujian Provincial
Department of Transport achieved technological innovation in sweep augers and reached an
internationally leading standard. In September 2025 it received the Excellent Scientific and Tech-
nological Achievement Award from the Silo and Bulk Grain Transport Branch of the China Ports &
Harbours Association; in November of the same year it was rated as an innovative "Safe Port"
case by the association. The associated technologies secured utility model and invention patents.This achievement has significantly enhanced terminal technologies and operational efficiency
providing crucial technical support for smart port development.Future Prospects: Focusing on Intelligent and Green Upgrading and Creating
New Advantages in Port Transportation
Case Study: The Project "Research on Key Technologies and Demonstration of New-Generation Coastal Green Intelligent Tugboats" Passes Acceptance
In 2025 the project "Research on Key Technologies and Demonstration of New-Generation Coastal Green Intelligent Tugboats" led by The Company is steadily moving towards a world-class green port with resource conservation environmental
the Company and managed by Xiamen Port Shipping successfully passed expert review and acceptance organized by Fujian Provin- friendliness intelligence and efficiency through a series of solid green and intelligent practices contributing
cial Department of Transport. This project centered on the "dual carbon" strategic goals addressing problems such as high energy the "Xiamen plan" to the sustainable development of the port industry.consumption and high emissions found in traditional tugboats and making them smarter. It introduced an innovative integrated solu-
tion combining a DC networked oil-electric hybrid power system with intelligent operation and maintenance technologies overcoming
critical challenges such as redundancy configuration for the hybrid system intelligent navigation assistance and shore-based
full-life-cycle health management. The project successfully developed the nation's first 5000-horsepower tandem green intelligent
hybrid tugboat achieving three breakthroughs: the only tugboat model in national standard engineering projects the first tugboat in
China to be awarded the China Classification Society's Gd-EP eco-ship mark and the first "green emergency tugboat" certified by
Xiamen Maritime Safety Administration of P.R.C. The project's achievements have been piloted at Xiamen Port establishing a replica-
ble green intelligent tugboat solution.
027 028Practicing Green Development and
Building an Ecological Future Together Climate Governance:
Leading the Low-Carbon Transition 031
The Company firmly implements the concept of green development actively integrates
into the national ecological civilization development and "dual carbon" strategic deploy- Compliance First:
ment and incorporates climate change response environmental compliance manage- Strengthening Environmental Governance 035
ment and efficient resource utilization into the overall framework of environmental gov-
ernance. Focusing on the coordinated promotion of low-carbon transformation risk pre- Resource Intensification:
Improving Utilization Efficiency 042
vention and control and value enhancement the Company continues to improve its
management system strengthen goal guidance and process control systematically
Systematic Prevention and Control:
balance development needs and environmental responsibilities continuously consolidate Deepening Pollution Management 047
the foundation of green operations and promote the steady improvement of environ-
mental performance and sustainable development capabilities.
029 0302025 Environmental Social and Governance Report Environment
Climate Governance: Leading the Low-Carbon Transition Countermeasures for high temperature risks
Before the event During the event After the event
The Company always regards climate crisis response as a core proposition for practicing social responsibility and a strategic opportunity for
achieving high-quality development. It has deeply anchored the "dual carbon" goals and the UN 2030 Agenda for Sustainable Development Formulate the document On Rais- Provide free herbal tea and mung Summarize the impact of high
fully integrated the green and low-carbon concept into the entire process of strategic planning operations management and project implemen- ing the Standard for Heatstroke bean soup at fixed supply points to temperature weather on the
tation steadily promoted carbon and pollution reduction energy conservation and efficiency improvement facilitated global climate gover- Prevention and Cooling Fees on prevent heatstroke for employees; Company's operations and
nance with practical actions and enabled sustainable development of the Company. the Front Line provide allowances organize trade unions to carry out continuously improve the
to workers in high-temperature "Sending Coolness in Summer" activi- response plans and enhance
Governance conditions and ensure their physi- ties and distribute heatstroke preven- the capacity to prevent and cal health; formulate operation tion supplies; strengthen equipment control such risks.The Company has established a climate-related governance structure based on senior management supervision and clearly defined the Safety specifications for high tempera- inspection and maintenance.and Environmental Protection Department as the main responsible department for environmental protection management and climate change ture weather and clarify the
response. It has coordinated the formulation of environmental protection management systems with annual and medium- and long-term work protective measures and operat-
plans and coordinated its member enterprises to advance environmental protection work. In addition it has taken the lead in carrying out ing requirements for high tem-
climate change-related management comprehensively improved the Company's ability to prevent and control climate risks and transform perature weather to reduce risks.opportunities into realities and helped achieve the goal of carbon peaking.Countermeasures for flood season risks
In addition the Company issued the 2025 Energy Conservation Indicators for Major Energy-consuming Enterprises to clarify annual objectives
and implementation measures and simultaneously promote the construction benchmarking and improvement of the environmental protection Before the event During the event After the event
management system. All subsidiaries are required to establish and improve the Company's risk management system strictly implement deci- Risk
response Manage heavy rainfall during flood Implement anti-soaking measures in Conduct thorough inspections sions and plans related to climate change strictly control carbon emissions and strive to achieve energy conservation and emission reduction
seasons and develop relevant the yard and prepare drainage facili- for hidden hazards and expe-
targets.prevention and control measures to ties and equipment to protect goods; dite the resumption of produc-
The Company has also established a rigid assessment mechanism listing low-carbon development indicators such as energy conservation and mitigate risks; regularly conduct store goods in warehouses or simple tion.environmental protection as binding indicators incorporating them into the annual operating performance assessment of management and emergency drills and maintain storage facilities or cover them with
affiliated enterprises and directly linking them to annual performance bonuses. emergency supplies to ensure ade- waterproof cloth to reduce yard
quate response when risks arise; losses; halt ship loading and unload-
carry out flood prevention exercises ing operations and ensure hatch
Strategies and material preparation in accor- covers are properly secured.dance with the response plans.In order to comprehensively identify the potential impact of climate change on its production operations strategic development and financial
status and accurately explore the development opportunities in the context of low-carbon transformation the Company has systematically Countermeasures for heavy fog risks
sorted out and deeply analyzed the factors related to climate change in combination with industry characteristics business layout and climate
environment trends. Before the event During the event After the event
Moreover scenario analysis factors are considered to more effectively plan relevant carbon emission reduction plans. The uncertainty of chang- Monitor foggy weather conditions Follow maritime department notifica- Conduct hazard inspections
es in external scenarios will have a significant impact on future assumed routes. Going forward the Company will continue to review scenario and implement targeted preven- tions to suspend or arrange opera- increase the number of opera-
assumptions to make them adequate for the challenges of multiple external scenarios. tion and control measures to tions as needed; enhance berthing t iona l l ines as p lanned
mitigate risks; prepare loading and and unberthing management during enhance work efficiency and
unloading plans in advance and foggy weather including berthing reduce vessel turnaround time
Risk The Company has accurately identified four core extreme weather risk points: typhoons flood seasons high tem- organize relevant emergency drills large equipment as required activat- in ports.identification peratures and heavy fogs based on the characteristics of the port industry and the actual production and operations. ensuring adequate response capa- ing berth indicator lights and main-
bilities when risks arise. taining real-time communication
between instructors and pilots; cease
on-site operations in the event of
Extreme weather such as typhoons flood seasons high temperatures and heavy fogs may cause damage to port severe fog for operational safety.Risk facilities increase asset losses and maintenance costs and lead to interruption of port operations temporary cancel-
description lation or postponement of ship calling resulting in a decrease in business volume. Afterwards it may cause berth
congestion and backlogs affecting the overall handling and transportation efficiency. Impact Risk and Opportunity Management
The Company is committed to the principle of green and low-carbon development incorporating green transformation deeply into its overall
Countermeasures for typhoon risks strategy and planning. It has developed and implemented the Green and Low-Carbon Development Plan (2024–2030). By adhering to the prin-
ciple of ecological priority and systematic advancement the Company aims to establish a comprehensive green and low-carbon operational
Before the event During the event After the event model. This will be achieved by promoting cleaner use of fossil fuels scaling up clean energy adoption and advancing lower-carbon production
Formulate relevant policies and Set up a typhoon prevention office Check and inventory the processes. The Company will also continuously strengthen its green competitiveness and strive to become an industry-leading benchmark in
make a series of emergency to manage risks; urge ships to damage to facilities and equip- green clean and low-carbon development.Risk response plans for typhoon enter harbors to effectively avoid ment integrate resources
response Strategic Transformationweather; hold relevant emergen- relevant risks; arrange on-duty from all parties promote the
cy drills regularly to avoid insuffi- personnel to keep track of the resumption of work and The Company vigorously promotes the upgrading of new energy equipment to reduce petroleum energy consumption and carbon emissions.cient response to risks. typhoon situation throughout the production as soon as possi- Meanwhile the Company is actively developing shore power facilities and encourages all incoming ships to connect whenever possible provid-
process; enhance protection of ble and ensure the Compa- ing comprehensive shore power services to vessels docked at the port. Except for liquid chemical berths all other berths of the Company are
equipment facilities and cargo ny's smooth production and equipped with shore power facilities ensuring 100% shore power coverage for dry bulk and general cargo berths. The Company encourages
from wind and water. operations. ships to use shore power when they are berthed reducing fuel consumption and emissions during their stay. During the reporting period the
cumulative usage of shore power (including tugboats) reached 1634383.025 kWh representing a year-on-year increase of 10.73%. Shihushan
Terminal and its subordinate wharves have built a total of 15 shore power facilities. By 2025 they have served 213 vessels and the cumulative
electricity consumption has reached 103988.045 kWh significantly reducing the impact of ship exhaust emissions on air quality.
031 0322025 Environmental Social and Governance Report Environment
The Company primarily engages in bulk and general cargo operations which may impact the climate and environment. To address climate
change the Company has developed a comprehensive environmental management system established dedicated environmental protection
departments with dedicated personnel and implemented assessment mechanisms. Each year substantial investments are made in environ- Implementation entity Implementationand project contents Goal for 2025 Performance in 2025 Goal for 2026
mental protection including robust dust pollution control measures. An air quality monitoring system has been installed around the port perim-
eter and it operates under the supervision of local environmental authorities. During the reporting period there were no instances where pollu-
tion levels exceeded the prescribed standards. To complete the electric
energy replacement of 72
Market Opportunities Risk Identification and Control in-port container tractors
by the end of 2025; Purchased 40 battery To purchase 45 battery
The Company is leveraging transformation opportunities with its The Company has carried out the identification assessment and Xiamen Port
increase the number of electric terminal tractors electric terminal tractors
productive member enterprises actively promoting the transformation management of risks and opportunities related to climate change to Transporta-
new energy/clean energy To purchase 40 battery with offset cabs and put and gradually increase
and upgrading from traditional energy equipment to new energy enhance risk insight and has taken corresponding countermeasures tion/In-Port Clean
Substitution of in-port container tractors
electric terminal tractors them into production and their proportion to 100%
devices. They are continually expanding the renewal of new energy in a timely manner. It has formulated systems such as the Risk Man-
Container to over 60%; replace all
with offset cabs use at different operation by 2027
equipment across all production and operation stages and exploring agement System to identify potential risks in operations assessed
container tractors with points
more green and low-carbon solutions. Xiamen Port Logistics' Xiangyu risk impact and priorities and conducted progressive management. It Tractors
new energy and clean
Comprehensive Bonded Zone has been approved by the Ministry of has cooperated with the Strategic Development and ESG Committee
energy ones in the port
Transport as a pilot zero-carbon freight hub. of the Board of Directors to identify assess and manage climate
by 2030
The Company is committed to using low-emission and renewable change-related risks and opportunities laying a foundation for devel-
energy sources throughout the production process. The Company has oping measures for risk prevention loss reduction and recovery as
established relevant management systems and annual energy man- well as monitoring auditing and rehearsal for climate risks and
agement objectives. In addition it is actively promoting the substitu- opportunities. To continuously promote
tion of traditional energy equipment with new energy alternatives electric substitution of To optimize resource allocation and improve the efficiency of climate
including electric trailers electric loaders electric dump trucks new Xiamen Port empty container stackers change risk management the Company has guided relevant member
energy tugboats electric stackers and electric forklifts. Systems such reach stackers and Canceled the procure- To purchase 6 electric enterprises to integrate climate change risk management processes Logistics/Clean To purchase 10 electric
as pick-up appointments and dynamic container management are forklifts; to ensure all new into the Company's overall risk management process conducted Energy forklifts and 1 electric
ment plan and postponed forklifts 1 electric reach
used to reduce energy waste caused by external vehicles waiting in Equipment equipment is driven by its implementation to stacker and 1 electric active assessments of identified climate change risks and formulated reach stacker
line. effective management measures to ensure that the identified climate Application in
electricity in principle; to 2026 stacker
Logistics Parks increase the proportion of change risks are within a controllable range.Indicators and Targets electric equipment to over 50% and 70% respective-
The Company has formulated the Green and Low-Carbon Development Plan (2024–2030) which puts forward goals and plans for energy con- ly by 2025 and 2030
servation and emission reduction. The Company and key energy-consuming enterprises have formulated relevant management systems and
annual energy management goals.Implementation entity Implementation To build 4 battery electric
and project contents Goal for 2025 Performance in 2025 Goal for 2026 port tugboats from 2024 Xiamen Port To complete the delivery
to 2025; to build 2 new Completed the delivery of
Shipping/Vigor- of 2 5000-horsepower
Accepted the project and energy and clean energy 2 5000-horsepower To complete the delivery ous Promotion of tugboats and launch 2
port tugboats during the tugboats; of 2 4400-horsepower
Penavico put it into production New Energy and 4400-horsepower
Xiamen/Distrib- To build a 115.92 kW with an estimated annual
"15th Five-Year Plan" launched 2 4400-horse- new energy tugboats
Clean Energy tugboats
To generate 130000 power generation of period power tugboatsuted Photovol- distributed photovolta- Port Tugboat
taic Power ic power generation kWh of electricity and 127500 kWh which was
Generation facility on the roof of complete project
/
equivalent to about 37.60
Facility the office building acceptance. tce per year and led to
Construction an average annual
emission reduction of
118.99 tCO?e
To serve 9 contract To expand the range of
Shihushan To update a total of 54 customers through direct eligible customers and
Terminal & green electric devices To purchase 10 5T/7T To purchase 5 5T/7T To continuously advance loading and collection of
cargo types for "direct
Hailong Purchased 10 5T/7T
Completed a total of
in six years to replace the "direct loading and goods in port areas (3 for loading and collection" and electric loaders electric loaders 2172600 tons of direct
Terminal/Elec- electric loadersthe original diesel Huajin collection of goods in port sand and gravel 3 for "bulk-to-container loading and collection
tric Loader loaders Terminal/Estab- areas" and the coal 1 for frozen fish and conversion;" to comprehen-operations in port areas;
Application lishment of a "bulk-to-container 1 for limestone); to sively increase the share of Completed the shift of
Green Collection conversion" thus advance bulk-to-container green business; to actively 6467 boxes from bulk to
and Distribution establishing a green conversion for cargo collaborate with upstream containerized shipping
To replace 3 and 10 System collection and distribution types such as clay sand and downstream partners
Shihushan To replace 2 and 10
dump trucks To purchase 3 electric Purchased 3 electric dump trucks system and gravel kaolin rice
to create an efficient
Terminal/Clean
respectively with clean mining dump trucks of mining dump trucks of respectively with clean and petroleum coke
low-carbon end-to-end
Energy Dump
energy devices in 2025 105T and above 105T and above energy devices in 2026
green logistics corridor
Truck and 2030
Application and 2030
033 0342025 Environmental Social and Governance Report Environment
Implementation entity Implementation
and project contents Goal for 2025 Performance in 2025 Goal for 2026
Gulei Port To cooperate in 2025 to
Develop- construct distributed
ment/Distributed To achieve an estimated photovoltaic power
Photovoltaic To commence trial stations in office parking Achieved 90% of the
first-year power
Power operation of the power project generation output of areas and port
Generation stations in 2025 2191200 kWh upon full warehouses with an
Facility completioninstalled capacity of 1.8
Construction MW
To apply for approval
from the Ministry of To fully engage in and Zero-carbon Pilot To implement the pilot Xiamen Port
project and ensure it
Logistics/Near-zero Transport for the status successfully secure Project at Xiamen Port
Carbon Pilot as one of the second selection for the Logistics' Xiangyu
passes the acceptance
Project highway and waterway Ministry of Transport's Comprehensive Bonded
inspection
zero-carbon freight hub zero-carbon pilot project Zone Successfully
(logistics park) pilot list Selected
projects
Environmental management Environmental management
Environmental management
system certification obtained
system certification obtained system certification obtained by Xiamen Haihong by Xiamen Ocean Shipping by Penavico Xiamen Petrochemical Terminal Tally Sanitation and Quarantine Technical Services
Compliance First:
Strengthening Environmental Governance
Xiamen Port Development has anchored its strategy in green development by enhancing the environmental management system and reinforc-
ing accountability throughout the entire management chain. The Company has promoted multi-faceted carbon reduction initiatives including
projects such as zero-carbon parks clean energy adoption and equipment electrification. By expanding green operations across all scenarios
and strictly upholding the ecological bottom line it has systematically strengthened the foundation for green port development.Environmental Compliance Management
Governance
The Company strictly complies with the Environmental Protection Law of the People's Republic of China the Law on Environmental Impact
Assessment of the People's Republic of China and other relevant laws and regulations. It has established and implemented internal systems
such as the Environmental Protection Management System and the Management Measures for Emergency Response Plan. By providing training
and conducting ongoing supervision and inspections the Company has urged that all member enterprises to fulfill the relevant requirements.Management System External Certification Environmental management Environmental management HSE management system
system certification obtained system certification obtained by certification obtained by Aiming to optimize the working environment the Company continuously improves its By the end of 2025 member enterprises of the by Hailong Terminal Xiamen Penavico Navigation Penavico Xiamen
environmental management system. It has established a top-down environmental man- Company including Penavico Xiamen Xiamen
agement structure and set up an environmental protection leadership group to coordi- Haihong Petrochemical Terminal Xiamen
nate and promote environmental protection across the entire Company. The Safety and Ocean Shipping Tally Sanitation and Quarantine
Environmental Protection Department has been designated as the main department Technical Services Hailong Terminal and
responsible for environmental management dedicated to ensuring the effective imple- Xiamen Penavico Navigation have passed certi-
mentation of specific environmental protection measures. Each member enterprise has fication of the environmental management
also established a main department responsible for environmental management which system or HSE management system.takes on full responsibility for energy conservation and emission reduction control of Strategies
the three wastes climate risk management carbon emission management as well as
implementing investments and technological upgrades related to environmental protec- The Company integrates environmental compliance management into the core work of its "15th Five-Year Plan" sustainable development frame-
tion. work. By taking into account industry cycles and operational realities it systematically identifies the potential impacts of environmental compli-
ance issues providing robust support for risk assessment mechanism development and scientific decision-making.
035 0362025 Environmental Social and Governance Report Environment
Impact Risk and Opportunity Management Indicators and Targets
In 2025 neither the Company nor its subsidiaries had any major environmental violations or breaches of laws and regulations.The Company precisely identifies key risks related to ecological and environmental protection
including non-compliant pollutant emissions major or above unforeseen environmental
Environmental incidents and violations of environmental protection regulations in construction projects. The Green and Low-carbon Practices
Risk Identifica- Company guides all production enterprises to continuously enhance the identification and
tion Prevention prevention of environmental risks and to refine comprehensive risk inventories. It formulates Guided by "proactive carbon mitigation scientific carbon reduction and collaborative carbon sequestration" the Company aligns with global
and implements emergency drill plans for environmental risks and regularly conducts emer-
and Control climate governance objectives and national "dual-carbon" goals. GHG emission reduction management is comprehensively integrated into stra-gency exercises for scenarios such as chemical spills oil spill prevention and excessive tegic planning production operations and value creation throughout the organization. The Company steadily advances its emission reduction
discharge of wastewater and waste gases thereby strengthening practical capabilities in targets through initiatives such as green logistics photovoltaic projects and sustainable procurement. It actively explores carbon reduction
responding to environmental emergencies. pathways within the industry and is committed to taking practical actions to build a clean low-carbon safe and efficient energy system con-
tributing to the global achievement of a net-zero future.The Company has established regulations such as the Management Measures for Emergency
Response Plan and developed a systematic management framework for environmental risk Carbon Emissions Management
Environmental assessment prevention and emergency response. Sudden environmental incidents are classi-
Emergency fied into four levels according to their severity and urgency with clear standards for hierarchi- The GHGs produced by the Company's operations are primarily generated from fuel combustion and purchased electricity with emission types
Response cal responses. Member enterprises are required to proactively and promptly implement emer-
including carbon dioxide methane and nitrogen oxides.gency response measures and when necessary coordinate with external rescue teams
neighboring enterprises and higher authorities to achieve an integrated internal and external
collaborative emergency response system. Indicator Unit 2024 2025 YoY
Total GHG emissions tCO? e 61082.66 64581.98 5.73% 3
Development of The Company used "National Energy Efficiency Promotion Week & Low Carbon Day" as an
opportunity to organize specialized energy conservation awareness campaigns. The activities
Environmental focused on exemplary green projects such as the "Zero-carbon Comprehensive Bonded Zone" Scope 1 tCO? e 45687.97 49343.65 8.00%
Protection the "Stacker Oil-to-electricity Conversion" and the "Application of New Energy Hybrid Tug-
boats." Through sharing exchanges and experience dissemination these efforts promoted the
Culture Scope 2 tCO? e 15394.69 15238.33 -1.02%adoption of advanced technologies and models across the Company supporting the transfor-
mation towards green and low-carbon operations.GHG emission intensity tCO? e/RMB 10000 of revenue 0.0276 0.0292 5.74%
Case Study: Energy Conservation and Emission Reduction with New Energy Tugboats
The new energy tugboat "Xia Gang Tug 30" deployed by Xiamen Port Shipping is primarily used for production operations in the Haitian
Port Area. By December 31 2025 the comprehensive energy consumption per trip of new energy tugboats was approximately 88.04
kgce lower than conventional tugboats representing a year-on-year reduction of about 38.06%. The carbon emissions per trip of new
energy tugboats decreased by 0.2363 tCO?e compared with conventional tugboats achieving a carbon reduction rate of 51.04%
demonstrating significant energy conservation and emission reduction effects.Gulei Port Development conducts emergency drills for ship pollution incidents
3 The main drivers for the rise in total GHG emissions included a 7.09% year-on-year increase in the Company's comprehensive energy con-
sumption in 2025 accompanied by a 9.68% year-on-year surge in diesel usage (the annual diesel consumption by Xiamen Port Shipping
increased by 1288.37 tons). The rise in diesel consumption directly led to increased total GHG emissions.
037 0382025 Environmental Social and Governance Report Environment
Zero-carbon Park Development 2025 Green Port Projects
The Company comprehensively promotes the integration of carbon neutrality concepts in the planning construction and operation of the logis-
tics park achieving low-carbon logistics green energy and digital operations through intelligent management. It is committed to transforming
the Xiamen Port Logistics' Xiangyu Comprehensive Bonded Zone into China's first "zero-carbon comprehensive bonded zone" featuring "green Project Results
and low-carbon development intelligent operations and shared benefits."
The Xiamen Port Logistics' Xiangyu Comprehensive Bonded Zone has completed the conversion of stackers from oil to electric power and fully
electrified all equipment achieving full photovoltaic energy coverage throughout its zero-carbon parks. Additionally it has adopted green oper- Energy savings reduction of carbon Upon completion of the project it is dioxide emissions
ation and office practices. Xiamen Port Logistics' Xiangyu Comprehensive Bonded Zone achieved carbon neutrality in 2022 becoming the first approximately: Procurement of 1 electric forklift by expected to save approximately 0.48 approximately
comprehensive bonded zone in China to reach the goal of zero carbon emissions. It has been selected as a third-batch national intelligent pho- Huajin Terminal tce annually and reduce carbon dioxide
tovoltaic pilot demonstration project the Ministry of Ecology and Environment's 2022 Typical Case of Green and Low-carbon Development emissions by about 1.49 tCO?e. tce tCO?e
China Transport News' "First-batch Green Logistics Demonstration Case" the Ministry of Ecology and Environment's "Xiamen Practice" Experi-
ence Case of Ecological Civilization Development one of the Ministry of Transport's Second Batch of Typical Transportation and Infrastructure
Zero-Carbon Pilot Projects and one of the First Batch of Excellent Cases of Beautiful Parks of Fujian Provincial Department of Ecology and Energy savings reduction of carbon
Environment. It was also showcased in the CCTV-1 documentary series Lucid Waters Green Mountains: China's Answers. Upon completion of the project it is dioxide emissions
Procurement of 1 electric forklift by expected to save approximately 0.48 approximately: approximately
Xiamen Penavico Air Freight tce annually and reduce carbon dioxide
Cleaner Productiona emissions by about 1.49 tCO?e. tce tCO?e
The Company regards the development and utilization of clean energy as the central approach to cleaner production actively advancing the
construction of solar photovoltaic systems and deploying new photovoltaic power stations and energy storage facilities in key locations such as Energy savings reduction of carbon
Hailong Terminal Haixiang Terminal and the logistics park. In 2025 the Company's total installed capacity of photovoltaic power stations Upon completion of the project it is Procurement of 40 battery electric dioxide emissions approximately:
reached 20904.54 kW an increase of 8.42% year on year; the cumulative power generation was approximately 23766210 kWh up 68.63% expected to save approximately 804.8 approximatelyterminal tractors with offset cabs by
year on year.4 This enabled a savings of 2920.87 tce and a reduction of 10007.95 tCO?e in carbon 4dioxide emissions. tce annually and reduce carbon dioxide Xiamen Port Transportation
emissions by about 2491.59 tCO?e. tce tCO?e
Green Office
Energy savings reduction of carbon
The Company issued the Saving Management Regulations to all employees actively promoting the concepts of energy conservation consump- Upon completion of the project it is dioxide emissions Procurement of 5 electric loaders and 1 approximately: approximately
tion reduction and green office practices. It has fully implemented paperless office operations and clearly requires employees to turn off elec- expected to save approximately 190 tce electric pickup truck by Hailong Termi- annually and reduce carbon dioxide
trical equipment and tighten water valves after work adhering to saving requirements in daily details. Some subsidiaries have optimized the nal emissions by about 588.22 tCO?e. tce
allocation strategy for official vehicles and have ceased the procurement of new fuel-powered vehicles. Meanwhile efforts are made to tCO?e
enhance the greening of infrastructure by implementing a green lighting upgrade project. LED energy-saving lighting fixtures are comprehen-
sively adopted in scenarios such as high-pole lights in port yards road streetlights and large-scale operational equipment effectively reducing
Energy savings reduction of carbon
energy consumption. Procurement of 5 electric loaders 3 Upon completion of the project it is dioxide emissions
approximately:
electric mining dump trucks and 1 expected to save approximately 262 tce approximately
Green Logistics electric pickup truck by Shihushan annually and reduce carbon dioxide
Terminal emissions by about 811.13 tCO?e. tce tCO?e
The Company focuses on reducing carbon emissions and enhancing efficiency in the logistics sector driving the adoption of advanced cargo
pick-up reservation systems at terminals warehouses and yards to effectively shorten truck queuing times and mitigate the environmental
impact of logistics operations. Efforts are intensified to promote the use of reusable logistics pallets thereby increasing resource turnover
efficiency. The Company vigorously advances sea-rail multimodal transport to accelerate the development of a logistics industry chain that is
green intelligent and digital supporting comprehensive quality enhancement efficiency gains and carbon reduction across all logistics
processes.Green Port Green Procurement
The Company prioritizes the electrification of equipment as a central initiative continuously advancing green port development by encouraging The Company incorporates the concept of green procurement into supply chain management increasing investment in sourcing new energy
the use of clean energy equipment such as electric loaders and electric forklifts thereby reducing fuel consumption and carbon emissions. In equipment such as electric loaders electric dump trucks electric forklifts and hybrid tugboats. Through equipment optimization and upgrades
2025 through equipment electrification transformation about 57 pieces/sets of equipment (delivery caliber) were purchased. It was estimated energy consumption and GHG emissions are reduced at the source driving a low-carbon transition within the enterprise through the develop-
to save about 1257.76 tce in the annual comprehensive energy consumption and achieve a carbon dioxide emission reduction of about ment of a green supply chain. In 2025 the Company cumulatively procured (based on contract volumes) 10 electric loaders 70 battery electric
3893.91 tCO?e.
tractors (40 of which have been put into production) 3 electric mining dump trucks and received 2 electric tugboats at the port advancing
equipment electrification and replacement.
4 The Company's cumulative photovoltaic power generation increased by 68.63% year on year. The main reason is that Hailong Terminal 6 MW
distributed photovoltaic project was connected to the grid in December 2024 and 2025 is the first year of the project's full commissioning
so the photovoltaic power generation achieved a significant increase.
039 0402025 Environmental Social and Governance Report Environment
The Company ensures that member enterprises fully assume environmental protection responsibilities explicitly requiring each member enter-
prise to legally carry out fundamental environmental protection tasks including sewage treatment compliant exhaust emissions solid waste
sorting and disposal and garbage segregation. A regular emergency drill mechanism has been established with periodic emergency drills
organized for scenarios such as hazardous chemical leaks and oil spill prevention. These practical exercises aim to enhance risk prevention and
control capabilities ensuring that production and operational activities do not adversely affect the surrounding environment or organisms.In 2025 neither the Company nor its member enterprises engaged in production or operational activities within the boundaries of the ecologi-
cal protection red line.Case Study: Fish Fry Release by Gulei Port Development
Gulei Port Development actively fulfills its corporate ecological responsibilities by systematically conducting fish fry proliferation and
release activities to scientifically replenish local aquatic resources. These efforts support the restoration of fishery ecology maintain
aquatic biodiversity embody the concept of sustainable development through practical action and promote the harmonious coexis-
tence of the marine and port environments.Electric loaders procured by Hailong Terminal
Release of fish fry at sea
Battery electric tractors procured by Xiamen Port Transportation Electric tugboats procured by Xiamen Port Shipping
Resource Intensification: Improving Utilization Efficiency
Biodiversity Conservation Xiamen Port Development prioritizes the intensive use of resources and systematically advances the refined management of water and energy
as well as the implementation of the circular economy. Through resource recycling optimization of the energy mix and the substitution of
clean energy in equipment Xiamen Port Development effectively reduces consumption and increases efficiency throughout every stage. As a
The Company actively maintains balance between ecosystem and biodiversity protection and corporate production and operations identifying result it has achieved its annual energy-saving targets and delivered both ecological and economic benefits.ecosystem and biodiversity conservation as a key element in fulfilling its environmental responsibilities. The Company strictly complies with
relevant laws regulations and policies including the Marine Environment Protection Law of the People's Republic of China the Biosecurity Law
of the People's Republic of China China's Biodiversity Conservation Strategy and Action Plan (2023–2030) and the Convention on Biological Water resource utilization
Diversity. It guides its subsidiary enterprises related to ports and shipping to formulate and implement internal policies for ecological protection
and sustainable use of natural resources such as the Ship Marine Pollution Emergency Response Plan and the Oil Spill Emergency Response
Plan. Through a variety of measures—including the release of fish fry—to mitigate the negative impact of port construction and operation The Company strictly complies with the requirements of the Water Law of the People's Republic of China and other relevant laws and regula-
throughout the entire process on the community and marine ecological environment the Company earnestly fulfills its responsibilities for eco- tions. It implements systematic management of water consumption supply and protection and continuously promotes water recycling to mini-
logical and biodiversity protection striving to create a green and harmonious port development ecosystem. mize external water intake and discharge. These efforts effectively reduce the impact on local water resources and the environment.
041 0422025 Environmental Social and Governance Report Environment
Water-Saving Measures Energy Utilization
Strengthening water Establishing an intelligent Enhancing water
conservation at the source monitoring platform recycling facilities Governance
The Company implements water-saving Shihushan Terminal and Hailong Termi- Shihushan Terminal and Hailong Termi- The Company has strictly complied with the Energy Conservation
measures across all office and produc- nal have implemented an intelligent nal have invested in the construction of Law of the People's Republic of China and other relevant laws and
tion areas standardizes the use of water meter monitoring and manage- wastewater treatment plants and regulations established and implemented internal management
water-saving sanitary ware such as ment system to precisely measure and reclaimed water reuse systems while systems including the Regulations on Energy Conservation Manage-
water-efficient faucets and reduces dynamically monitor key production Xiamen Haihong Petrochemical Terminal ment and directed its subsidiaries—Xiamen Port Shipping Shihushan
water consumption at the hardware water usage points thereby enhancing has installed oil-water separators form- Terminal Hailong Terminal Xiamen Port Transportation—to establish
level. the efficiency of water resource man- ing a water treatment system that supporting systems and energy management frameworks such as
agement and maximizing comprehen- encompasses sewage purification and the Regulations on Energy Management and the Regulations on
sive utilization value. oil-water separation. The treated Incentives and Penalties for Energy Conservation Management
reclaimed water is transported via water Assessment. By improving the institutional framework and refining
tankers and a constant pressure system management standards the Company continuously optimizes its
and is specifically used in production energy mix strictly controls overall energy consumption regularly
processes such as outbound wheel initiates dedicated energy management projects comprehensively
washer operations mist cannon spray- strengthens full-process energy control and steadily achieves energy
ing for dust suppression on-site vehicle consumption reduction targets.cleaning and dust control for cargo
piles achieving closed-loop recycling of By the end of 2025 the Company's subsidiaries Hailong Terminal and Energy management system Energy management system
water resources. Xiamen Port Shipping had obtained energy management system certification obtained by certification obtained by
certification. Hailong Terminal Xiamen Port Shipping
The Company's production and operations primarily consume fossil fuels such as diesel gasoline and purchased electricity while non-fossil
In 2025 the Company's total water consumption was 1421523.07 tons an increase of 1.38% compared to the previous year. The main reason energy consumption mainly comes from photovoltaic power generation.for this rise is that 2025 marks the first full year of operation for Gulei Port Development since production began leading to new production
and operational water use. The amount of reclaimed water reused reached 175125 tons accounting for 12.32% of the Company's total water
consumption. Fresh water usage per RMB 1 million of revenue was 56.33 tons an increase of 2.17% from last year. Strategies
The Company has established an efficient energy management system to reduce energy consumption across its operations and supply chain
enhance energy efficiency in production and operations conserve resources and minimize environmental impact. By leveraging a digital man-
agement platform the Company empowers energy conservation and carbon reduction drives industry-wide green development and accurately
Case Study: Sewage Treatment and Reclaimed Water Reuse System identifies energy management risks and opportunities. It analyzes the duration of their impact relevant segments of the value chain and finan-
cial implications to support strategic targeted decision-making.Two member companies under the Company Shihushan Terminal and Hailong Terminal have jointly constructed a total of eight
sewage treatment plants all equipped with comprehensive reclaimed water reuse systems. Following advanced treatment processes Impact Risk and Opportunity Management
such as chemical dosing and sedimentation sewage is recycled utilizing water trucks and a reclaimed water constant pressure system.The recycled water is primarily used for washing vehicles exiting the port site misting on-site vehicle cleaning and dust suppression Coordinating photovoltaic and energy storage projects:
for cargo piles. In 2025 Shihushan Terminal (including its member enterprises) processed more than 300000 tons of sewage with over
150000 tons of reclaimed water reused effectively achieving water resource recycling. The Company actively advances large-scale photovoltaic project development. Hailong Terminal has successfully achieved full grid integration
of a 6 MW distributed photovoltaic project making it the largest port-based distributed photovoltaic power plant in Fujian Province. The project
generates an average of 7 million kWh of electricity per year far exceeding the total annual electricity consumption of Hailong Terminal. Each
year green electricity from this project can substitute approximately 2200 tce reduce 7000 tCO?e of carbon dioxide emissions and is equiva-
lent to planting 390000 green trees. In addition the project fully leverages the resource advantages of the incremental distribution network in
the port area to achieve the seamless integration of "photovoltaics + energy storage + shore power for ships + vehicle charging + 5G technolo-
gy + digitalization." Xiamen Port Logistics has constructed a 2.0 MW energy storage power station in the comprehensive bonded zone enabling
"peak shaving and valley filling" for park electricity use and improving energy utilization efficiency. Its Xiangyu Free Trade City Smart Charging
Station invested and built by the company is equipped with 31 charging piles and serves an average of 350 vehicles per day with each vehi-
cle averaging 40 kWh per charge making it the largest "green power charging station" in the province. The charging station saves 5.1 tce per
day and reduces carbon emissions by 13 tCO?e delivering remarkable environmental benefits.Accelerating the adoption of clean energy for equipment:
The Company actively implements the "oil-to-electricity" conversion for mechanical equipment and promotes the use of new energy operational
equipment such as electric trailers and electric loaders. It advances energy conservation and emission reduction projects including the
Shihushan Terminal No. 1 Sewage Treatment Plant Reclaimed water reuse facilities purchase and construction of new energy tugboats and photovoltaic power generation systems for warehouse buildings driving the transfor-
mation of the energy structure toward clean and low-carbon solutions through technological upgrades.
043 0442025 Environmental Social and Governance Report Environment
Case Study: Online Tugboat Energy Consumption Monitoring System by Xiamen Port Shipping
In 2025 the Company's primary energy sources were diesel purchased electricity and gasoline
The online tugboat energy consumption monitoring system established by Xiamen Port Shipping enables real-time collection storage Throughout the year purchased electricity consumption
diesel consumption totaled gasoline consumption was
and analysis of data such as energy metering equipment operating status vessel location and personnel information. This forms a digital amounted to
energy management platform integrating energy planning dynamic monitoring consumption evaluation performance assessment and
incentive and penalty management. The system effectively guides operators to optimize their operating practices enhances the Compa- tons kWh tons
ny's refined energy-saving management and achieves an annual fuel saving of about 250 tons.representing a year-on-year
increase of a year-on-year updecrease of year on year
According to GB/T 2589-2020 General Rules for Calculation of the Comprehensive Energy Consumption
total fossil energy consumption a year-on-year Fossil energy consumption accounted for down compared
in 2025 amounted to increase of of total energy usage with the previous
year by
tce
The Company's main non-fossil energy source is photovoltaic power generation
Non-fossil energy consumption
In 2025 cumulative photovoltaic The Company's comprehensive accounted for of the total energy
power consumption reached non-fossil energy consumption was consumption
kWh tce
a year-on-year representing a up compared with the
increase of year-on-year increase of previous year by
Indicators and Targets
Each year the Company sets energy-saving targets for the current year based on the previous year's production and energy consumption data In 2025
of major energy-consuming units. In 2025 the Company issued the Notice on Setting the 2025 Energy Conservation Targets which stipulates
that the comparable comprehensive energy consumption per 10000 tons of bulk and general cargo handling throughput must be kept below the Company's total energy The total energy consumption reflecting a Comprehensive energyconsumption1 reached
2.7 tce per 10000 tons of cargo and that energy consumption per unit at other sites must be lower than that of the previous year. The Com- increased by year-on-year rise of consumption was
pany has established and issued its 2025 energy conservation and emission reduction targets in accordance with the relevant provisions of the
Energy Consumption Limits per Unit Product for Dry Bulk Terminals and Container Terminals. All subsidiaries manage and control their activities tce tce tce perRMB 10000of revenue.in line with energy conservation and emission reduction indicators. Metrics such as energy consumption intensity and GHG emission intensity
are controlled within national standard limits. In 2025 the Company and its subsidiaries achieved their annual energy management targets.In 2025 the comprehensive energy consumption of the Company's key energy-consuming units
enterprises with annual total energy
Annual Energy Management Targets and Performance consumption above 500 tce resulting in a total increase of Comprehensive energy consumption was
2 tce tce
Indicators for 2024 Indicators for 2025 Performance in 2025 tce per RMB 10000 of revenue
1 The main reasons for the Company's comprehensive energy consumption in 2025 increasing by 1881.55 tce compared to the previous year: (1) Xiamen Port Shipping saw an increase of
Comprehensive energy consumption at Comprehensive energy consumption at Comprehensive energy consumption at 1814.17 tce in comprehensive energy consumption mainly because: (a) the Xiamen-Jinmen Bridge project led to more in-port towing and escort services there was a resource shortage
bulk and general cargo terminals is main- bulk and general cargo terminals is main- bulk and general cargo terminals is main- for berthing and unberthing towing and cross-regional dispatches between Haicang and Haitian Port Areas increased resulting in longer vessel operating hours shorter berthing times
tained below 2.7 tce per 10000 tons tained below 2.7 tce per 10000 tons tained below 2.519 tce per 10000 tons greater diesel consumption and less use of shore power; (b) the increase in Xiamen Port Shipping's tugboat assignments at Shanwei Port resulted in higher fuel consumption. (2) The
comprehensive energy consumption of Gulei Port Development increased by 82.77 tce. The primary reason was that 2025 marks its first complete operating year resulting in greater
workload and higher energy consumption.Major energy-consuming units achieves Major energy-consuming units achieves Major energy-consuming units achieves
cumulative energy savings exceeding 100 cumulative energy savings exceeding 350 cumulative energy savings exceeding
2
1137 tce The Company's key energy-consuming units (enterprises with annual total energy consumption above 500 tce) include Shihushan Terminal Hailong Terminal Xiamen Port Logistics tce tce Xiamen Port Transportation Xiamen Port Shipping Huajin Terminal and Penavico Xiamen.
045 0462025 Environmental Social and Governance Report Environment
Circular Economy Waste Treatment
The Company strictly adheres to the Circular Economy Promotion Law of the People's Republic of China and other relevant regulations com- The Company upholds core principles of source reduction resource utilization and safe disposal to coordinate and advance the management
prehensively promotes circular production practices focuses on the efficient utilization of resources throughout the entire production process of various types of waste. By implementing a range of measures—including policy and regulation promotion management system develop-
strongly advocates the resource-based recycling and reuse of waste materials such as used tires and pallets and continuously enhances the ment key project execution information system establishment and targeted inspections—the Company effectively controls waste generation
comprehensive utilization rate of raw materials production residues and packaging materials. reduces the environmental and human risks associated with hazardous waste storage and disposal and ensures the compliant disposal of
production waste such as used tires waste wire ropes and decommissioned equipment.Material Recycling
The Company enhances resource circularity through diversified initiatives—by intensifying the promotion and adoption of recyclable pallets it General Waste The general solid waste generated during the Company's production and operation primarily includes scrap iron used
improves pallet turnover efficiency; by reinforcing the retreading and reuse of used tires it extends resource service life. Through these mea- tires and discarded steel wire ropes.sures the Company effectively reduces operating costs and significantly lowers the carbon emissions associated with consumables in procure- Disposal Methods
ment production and transportation achieving both economic and ecological benefits. All of the Company's production enterprises have designated storage areas for solid waste which are managed by
dedicated staff from the production department. Through open bidding qualified third-party solid waste recycling
companies are regularly entrusted to dispose of the waste in batches. When external collaborating units enter the site
Systematic Prevention and Control: Deepening Pollution Management for operations technical personnel are assigned to provide on-site supervision throughout the entire process. Mean-
while the Company continuously improves the on-site signage system enabling the classification and collection of
Xiamen Port Development strictly adheres to environmental protection laws and regulations establishes a comprehensive pollutant manage- recyclable solid waste domestic waste construction waste and more. The Company collects domestic waste at des-
ment system and systematically advances the standardized treatment of wastewater waste gas and solid hazardous waste achieving sewage ignated points and promptly commissions the sanitation department for removal. The Company sorts and temporarily
recycling effective dust control and compliant disposal of solid hazardous waste. All environmental protection indicators fully meet regulatory stores general industrial solid waste before handing it over to specialized companies for recycling and treatment.compliance requirements.Strategies Additionally the Company signs agreements with qualified units and entrusts them to compliantly receive and Governance dispose of ship pollutants and wastes ensuring proper management and control throughout the entire process.The Company has upheld the environmen-
The Company strictly complies with the relevant national laws and regulations including the tal protection policy of "compliance with
Law of the People's Republic of China on Prevention and Control of Water Pollution the Law of laws and regulations safety and health Hazardous Waste The main hazardous wastes generated from the Company's production activities include waste lubricating oil waste
the People's Republic of China on Prevention and Control of Atmospheric Pollution the Law of continuous improvement and green devel- oil drums and waste oil filters waste lead-acid batteries waste mineral oil oil sludge and similar materials.the People's Republic of China on Prevention and Control of Environmental Pollution by Solid opment" and established a robust and Disposal Methods
Wastes the Standard for Pollution Control on Hazardous Waste Storage the Management Mea- sustainable mechanism for environmental The Company collects stores and classifies hazardous waste establishes a management ledger and strictly complies
sures for Enterprise Environmental Information Disclosure and the Management Measures for management. Through policy research with legal requirements by signing hazardous waste disposal contracts with qualified third parties. Disposal forms are
Pollutant Discharge Permit. The Company has also developed and enforced internal manage- industry benchmarking and expert consul- uploaded online to ensure lawful and compliant handling. In addition the Company has established hazardous waste
ment regulations such as the Regulations on Prevention and Control of Exhaust Gas Pollution tation the Company has accurately identi- storage facilities systematically collected hazardous waste by category assigned dedicated personnel to manage it
and the Regulations on Prevention and Control of Dust Pollution. By establishing an environ- fied environmental risks and development and ultimately entrusted its disposal to qualified third-party organizations. During outsourced hazardous waste dispos-
mental protection leadership group to oversee overall management the Company continuously opportunities closely linked to its opera- al the Company strengthens on-site management and training for external collaborating units intensifies supervision
deepens environmental governance and strengthens the full-process management system for tions. It has implemented multiple strate- of on-site operations ensures that external collaborating units strictly adhere to the Company's hazardous waste
pollutant emissions and waste. gies to mitigate the potential impacts of disposal protocols and prevents leaks and secondary pollution.physical and transitional risks actively
Impact Risk and Opportunity Management leveraged green development opportuni- In 2025 the Company's hazardous waste disposal volume was 64.99 tons. All hazardous wastes are disposed of legal-ties and empowered the enterprise's ly and in strict compliance with relevant regulations.Wastewater Management sustainable growth.The Company systematically advances centralized wastewater treatment and discharge control. All port areas and logistics warehouses are
equipped with sewage treatment facilities and rainwater/sewage collection pools to treat and recycle production domestic and rainwater
sewage. Major terminals are fitted with sewage recycling systems enabling the reuse of reclaimed water. Other entities primarily utilize water
for office and domestic purposes with no discharge of harmful pollutants. In 2025 the Company achieved a 100% compliance rate for pollut-
ant emissions. Annual wastewater discharge totaled 120078.95 tons a year-on-year increase of 3.45% mainly due to the rise in overall water
consumption.In 2025 tugboats in the port centrally collected oily wastewater and ballast water from ships' waste oil tanks which were then uniformly recov-
ered by qualified companies. Over the course of the year a total of 138.64 m3 of oily wastewater was collected. The Company has also signed
designated pollutant recovery agreements with local compliant receiving entities at external tugboat operation sites such as Beihai and Shan-
wei ensuring that pollutants are disposed of lawfully.Waste Gas Management
A dedicated hazardous waste temporary storage room set up at the Terminal A dedicated hazardous waste temporary storage room set up at the Terminal
The Company has actively participated in the Xiamen's Blue Sky Protection
Action Plan effectively controlling dust generated during operations through
comprehensive measures including mist cannon spraying covering cargo
piles vehicle washing road sweeping and the use of construction barriers. Indicators and Targets
Shihushan Terminal has installed a windproof and dust suppression mesh
around the port area perimeter strictly implemented "wet operation" and
"round-the-clock full coverage" of idle cargo piles and significantly reduced
dust pollution. Shihushan Terminal has established a regularized and stan- he Company's hazardous waste the coverage of waste sorting
dardized self-monitoring mechanism for ambient air. The Xiamen Port compliance disposal rate was management was also
Authority periodically commissions the Fujian Provincial Transportation Envi- In 2025
ronmental Monitoring Center to conduct supervision and monitoring. All
A new steel windproof and dust suppression mesh has been constructed at
monitoring data to date comply with the requirements of the Xiamen Air Shihushan Terminal. By employing aerodynamic principles the wind and dust
Pollutant Emission Standards and the Ambient Air Quality Standards. The suppression wall is designed to create upward and downward airflow disturbanc-
es on the inner side of the wall effectively preventing dust from spreading
factory boundary concentrations of all pollutants have not exceeded the beyond the site.specified limits.
047 048Fulfilling Social Responsibilities and Standardized Management:
Co-creating Shared Value Enhancing Employee Protection 051
Xiamen Port Development integrates employee development into the core of its sustainable Talent Empowerment:
Growing Together with Employees 056
development strategy establishing sound systems for employment compensation and
democratic management to ensure employee protection strengthening occupational health Safety Foundation:
and safety measures and building diversified career development and training systems to Safeguarding Occupational Health 059
empower employee growth. Talent cultivation supports corporate development while
Xiamen Port Development actively fulfills its responsibilities as a state-owned enterprise to Responsibility Fulfillment:
Making Positive Contributions to Society 063
facilitate the implementation of national development strategies.
049 0502025 Environmental Social and Governance Report Society
Standardized Management: Enhancing Employee Protection Recruitment and Employment
Xiamen Port Development has always considered its employees as a crucial force for driving sustainable enterprise development. Centered on The Company strictly adheres to the Labor Law of the People's Republic of China the Labor Contract Law of the People's Republic of China
strategic objectives and actual management needs it continually enhances the employee management system. By improving institutional and other relevant laws and regulations. It follows the employment principles of "openness fairness and impartiality" "mutual selection and
mechanisms strengthening process management and optimizing resource allocation it consolidates the organizational foundation and talent merit-based recruitment" and "equal employment without distinction of nationality ethnicity religion gender or age" thereby ensuring stan-
base required for stable operations and high-quality growth. dardized employment practices. The Company has established the Management Measures for Recruitment to improve the employee recruit-
ment management system.Employees Anti-child Labor and Anti-Discrimination
The Company adheres to the principles of fairness and impartiality in recruitment promotion evaluation and other employment practices
Xiamen Port Development has a total of 4631 employees including 71 employees from minority ensuring that all employees are not subjected to differential treatment based on gender age nationality ethnicity race religion or other
ethnic groups accounting for 1.53% of the Company's total workforce. factors.The Company prohibits child labor human trafficking and any other form of forced labor opposes discrimination and harassment and safe-
By gender By age group guards employees' rights to freedom of association and collective bargaining. The Company has established an identity verification process to
prevent the employment of child labor.
941 female employees 1405 employees under the age of 35
(20.32%) (30.34%) Protection of the Rights and Interests of Female Employees
1584 employees aged 35 to 45 The Company places high importance on protecting the rights and interests of female employees and continually strengthens the development
of female employee committees; 17 trade unions have already established such committees. The Company provides equal pay benefits and
(34.20%)
employment opportunities strictly enforces statutory rights such as maternity leave and breastfeeding leave commits to not assigning female
employees to work that is incompatible with their physiological characteristics or excessively demanding actively implements measures to
alleviate and address the unique challenges faced by female employees during the "three periods" (breastfeeding pregnancy and maternity)
and fosters a fair and inclusive workplace environment.
3690 male employees
(79.68%) 1642 employees over the age of 45
(35.46%) Diversified Recruitment Channels
The Company formulates talent requirements in alignment with its development strategy issues recruitment notifications through campus and
social channels conducts recruitment interviews and assessments selects candidates based on their performance introduces diversified and
specialized talents and meets the staffing needs of various business departments and subsidiaries. In 2025 the Company introduced a total of
194 talents including 53 fresh graduates 140 social professionals and 1 through internal recruitment and transfers.
By function By educational background
147 sales employees (3.17%) 142 employees with a postgraduate degree or above
(3.07%)
542 administrative employees 1101 employees hold a bachelor's
(11.70%) degree(23.77%)
386 technical employees 2309 employees possess a
(8.34%) high school education or below
(49.86%)
122 financial employees
(2.63%) 3434 production employees 1079 employees have an associate
(74.15%) degree(23.30%) Campus presentation by Xiamen Port Development Campus recruitment by Xiamen Port Development
In 2025 the Company has 90 voluntary resignations accounting for 1.94% of the total number of employees. The Company manages labor
dispute cases in accordance with relevant national laws regulations and standards. In 2025 there were 2 new dispute cases.
051 0522025 Environmental Social and Governance Report Society
Compensation and Benefits
The Company has strictly complied with the Social Insurance Law of the People's Republic of China and other relevant national and local laws
and regulations and established corresponding compensation and benefits management systems tailored to the characteristics of different
personnel levels including senior management heads of member enterprises middle management and employees.Compensation Management Performance Feedback Mechanism
The Company actively explores the establishment of a competitive The Company has established a comprehensive performance feed-
incentive-based compensation distribution system that is founded on back and appeal mechanism. The General Management Department
fairness driven by efficiency centered on positions and based on as the primary department responsible for performance manage-
performance. Tying compensation to overall company performance ment oversees the coordination and processing of feedback. If
not only embodies the principle of income distribution based on employees have concerns about performance results they may
merit but also allows employees to fully share in the achievements of submit feedback to the respective department leaders department
the Company's growth. heads or the General Management Department. Upon receiving
feedback the department will promptly initiate a review process and
provide a clear response to the employee ensuring that all feedback
is addressed appropriately.Employee Benefits
Xiamen Port Logistics organizes the "Chasing Summer Fun · Moving Toward the Light" themed spring outing activity
The Company pays employees' salaries in full and on time and in accordance with the law enrolls all employees in all statutory social insur-
ance programs and the housing provident fund with participation and payment rates both reaching 100%. Additionally the Company has
established an enterprise annuity and supplementary medical insurance scheme further enhancing the employee benefits system.Working Hours and Leave
The Company adopts a humane working hours system strictly complies with national regulations concerning various types of leave and
develops policies to protect employees' attendance and rights to vacation. The Company resolutely rejects forced labor and provides employ-
ees with statutory holidays as well as compassionate welfare leave.Employee Care
The Company continuously initiates various employee activities and caring initiatives based on employees' actual needs ensuring genuine
implementation of employee support. By refining relevant systems and operational mechanisms the Company ensures employee activities and
care programs are conducted in a standardized manner. Through diversified employee activities the Company enhances employee communi-
cation and interaction strengthening team cohesion. The Company also focuses on employees facing difficulties offering targeted support
and assistance to convey organizational care and warmth. Xiamen Port Development organizes summer staff care activities Xiamen Port Development establishes a staff library and reading room
In 2025 the Company assisted and provided condolences to 25 individuals totaling RMB 74000 and supported 46 employees in hardship or
diagnosed with serious illnesses that year with total relief funds of RMB 250000.Xiamen Port Shipping organizes Children's Day parent-child activities Penavico Xiamen holds a "One-Day Nursery Class" to provide a platform
for employees' children to broaden their horizons
Xiamen Port Development organizes the "Service Cup" basketball tournament Xiamen Port Development organizes a calligraphy creation activity to welcome
the Spring Festival
053 0542025 Environmental Social and Governance Report Society
Democratic Management Talent Empowerment: Growing Together with Employees
The Company strictly complies with the Trade Union Law of the People's Republic of China the Constitution of the Chinese Trade Unions and
other relevant laws and regulations by establishing a trade union organization. As of now the Company and its subsidiaries have a total of 27 Xiamen Port Development has always prioritized employees' career development at a strategic level with the core goal of fostering the coordi-
trade union organizations. The Company provides necessary financial support for the trade union in accordance with the law ensuring that the nated growth of employees' personal value and the enterprise. By establishing a scientific job system and diversified career development paths
trade union fully plays its core role in safeguarding employees' legitimate rights and interests and in organizing democratic management among Xiamen Port Development provides clear advancement channels and platforms for employees across different specialties and levels ensuring
staff. clear development directions and promotion criteria and fully supporting their professional growth.The Company fully respects employees' democratic rights and lawful interests emphasizing their roles in democratic management participa-
tion and oversight. The Company has widely established and continuously improved trade union organizations and democratic management
systems based on workers' congresses. It has developed and refined relevant systems specified matters for disclosure and clarified responsibil- Career Development Pathways
ities and processes. Major issues in production and operations regulations affecting employees' vital interests and matters related to integrity
of management personnel are openly disclosed to employees through prescribed procedures. The Company actively seeks employees' opin- The Company places great emphasis on employees' career planning providing a broad platform for professional growth and focusing on the
ions accepts their supervision increases transparency in corporate governance and strengthens employees' sense of ownership and responsi- objective needs of employees at different stages of development. It designs and refines career development paths and leverages diverse train-
bility. ing methods to build a talent pipeline aligned with the Company's strategic goals ensuring the sustainable development of its workforce.The Company has established a variety of communication channels with employees adhered to the workers' congress system promoted dem- Company Headquarters
ocratic management encouraged broader participation in democratic processes and conducted multi-level communication and exchanges
through employee representative forums and online interactions. It has actively solicited employees' concerns about major and challenging Based on the roles of headquarters employees a total of 7 job grades are established within the management and professional-techni-
issues collected suggestions for improvement encouraged staff participation in enterprise production and operation management and safe- cal tracks. The procedures for defining appointing evaluating assessing and adjusting each job grade are set out and standardized
guarded employees' rights to be informed to participate to express their opinions and to exercise oversight. accordingly. The Company has conducted comprehensive monthly and annual performance evaluations for employees and established a
In 2025 the Company convened a total of 47 workers' congresses further strengthened the development of trade union leadership monitored promotion system—including advancement and exceptional promotion—for those with outstanding assessment results.the implementation of the collective contract system among member enterprises and promoted democratic management within enterprises.Member Enterprises
Management measures for job grades are formulated based on the operational realities of front-line production companies providing
tailored career development pathways for different categories of employees.Additionally the Company encourages employees to pursue continuing education obtain relevant professional titles and vocational skill
certificates actively participate in various vocational skill competitions and awards corresponding incentives.The Fujian Province Gold Medal Craftsman title The Fujian Province Gold Medal Craftsman title The Third Prize in Technical Competition and the
awarded to Wang Jianping of Xiamen Port Transpor- awarded to Chen Jianping of Xiamen Port Transpor- title of National Outstanding Port Tugboat Captain
tation by Fujian Federation of Trade Unions tation by Fujian Federation of Trade Unions awarded to Deng Kaihui captain of Xiamen Port
Shipping Xia Gang Tug 18 at the "Lunbo Cup"
National Port Tugboat Skills Competition organized
by the China Ports & Harbours Association
Xiamen Port Development organizes the First Session of the Second Workers' Congress
Employee Satisfaction
The Company conducts employee satisfaction surveys using the workers' congress as a key platform and gathering employee feedback exten- The Third Prize in Technical Competition awarded to The Third Prize in Technical Competition and the The Third Prize in Technical Competition and the
sively through democratic evaluations. In 2025 the Company's wholly-owned subsidiary Xiamen Port Shipping conducted an employee satis- Wang Zhaolin second mate of Xiamen Port Shipping title of National Outstanding Port Tugboat Engineer title of National Outstanding Port Tugboat Engineer
faction survey through the workers' congress. A total of 34 employee representatives participated in the evaluation resulting in a satisfaction Xia Gang Tug 15 at the "Lunbo Cup" National Port awarded to Li Xiaofeng chief engineer of Xiamen awarded to Liu Fan second engineer of Xiamen Port
rate of 97.06% and a basic satisfaction rate of 2.94%. Tugboat Skills Competition organized by the China Port Shipping Xia Gang Tug 23 at the "Lunbo Cup" Shipping Xia Gang Tug 18 at the "Lunbo Cup"
Ports & Harbours Association National Port Tugboat Skills Competition organized National Port Tugboat Skills Competition organized
by the China Ports & Harbours Association by the China Ports & Harbours Association
055 0562025 Environmental Social and Governance Report Society
Training Management System
The Company prioritizes enhancing the overall quality of its workforce by formulating and implementing internal management policies such as
the Management Measures for Employee Training. It continuously strengthens and optimizes its training system fosters a learning-oriented
organization and encourages employees to realize their personal value in their respective roles.Aligning with its development strategy and annual business management goals the Company adopts innovative learning and skill enhance-
ment as a long-term training strategy. It develops annual training plans and implementation schemes based on the actual job characteristics
responsibilities skill levels and the individual needs of employees. Training covers new employee onboarding professional training for current
staff operational skills training for front-line workers and managerial development programs.In 2025
the Company allocated a total of RMB to employee education funds and organized training sessions
throughout the year. The total duration of training reached hours; employees participated with an
Penavico Xiamen organizes centralized training for management personnel as part of the 2025 "Navigator Program"
average of hours per person. Among them a total of senior managers participated in the training accounting for
of all trainees; middle managers participated accounting for of the total; and
front-line employees participated accounting for of all trainees. Meanwhile male employees participated
in the training accounting for of the total number of trainees; and female employees participated account-
ing for of the total.Leadership Training Xiamen Port Development organizes onboarding training for new employees
In July 2025 Penavico Xiamen officially launched the "Navigator Program" management training session with participants covering senior
middle and front-line managers across the company. During the first session specially invited experts delivered thematic lectures on leverag-
ing the digital economy to empower the real economy and on preventive risk management in international logistics providing talent support
for the Company's transformation and development. The "Navigator Program" management training leverages a series of high-quality courses
aligned with the company's strategic and business needs continuously enhancing managers' forward-thinking and innovative practical abilities
and driving the company's ongoing high-quality development.Shihushan Terminal and Hailong Terminal conduct technical exchange training on Xiamen Port Trading organizes management empowerment training in 2025
port machinery
057 0582025 Environmental Social and Governance Report Society
The Company has established an emergency information reporting mechanism and an emergency public opinion monitoring and information
Safety Foundation: Safeguarding Occupational Health disclosure mechanism. Each member enterprise has established a dual control system for hierarchical safety risk management and hazard iden-
tification and remediation which is regularly evaluated and updated.Xiamen Port Development consistently regards occupational health and work safety as key guarantees for stable operations and sustainable The Company and its member enterprises have established comprehensive systems for reporting investigating and handling work safety acci-
development. Xiamen Port Development continuously improves its occupational health and safety management system strengthens work safety dents strictly adopting the "Four Not Let Go" principle conducting root cause analysis providing warning education and pursuing accountabili-
organization and institutional development enhances risk identification hazard investigation and emergency response and steadily raises its ty. The Company has formulated and implemented the Responsibility Statement for Work Safety and Environmental Protection Targets and the
safety management standards effectively creating a safe healthy and stable work environment for its employees. Implementation Measures for Reward and Punishment Assessments organized and conducted assessments on work safety management
rewards and penalties. In 2025 the Company signed the Responsibility Statement for Work Safety and Environmental Protection Task Target
In 2025 the Company had no work safety incidents classified as general or above (direct losses exceeding RMB 300000) and no work-related Management with its first-level subsidiaries and all company members fulfilled the All-employee Work Safety Responsibility System. Additional-
fatalities occurred. The number of lost working days due to occupational injuries throughout the year totaled 1554. Over the past four years ly the Company has established a closed-loop mechanism for accident reporting supervision and rectification and provides group accident
the Company reported zero work-related fatalities resulting in a work-related fatality rate of 0%. insurance for all employees achieving 100% coverage.Subsidiaries of the Company collectively spent RMB 26.3864 million on work safety with provisions totaling RMB 23.2945 million. In 2025
Governance effective control was maintained during key periods and no work safety liability accidents occurred throughout the year.The Company strictly complies with the Law of the People's Republic of China on Work Safety and other relevant laws and regulations. It has
formulated and implemented internal management systems such as the Regulations on Work Safety Management Emergency Response Plan Strategies
for Work Safety and Measures for the Implementation of Reward and Punishment Assessment for Work Safety and Environmental Protection.It has established a multi-level occupational health and safety governance system defined clear responsibilities at all levels standardized Based on the Company's actual circumstances a Three-Year Action Plan for Addressing Root Causes in Work Safety has been formulated. The
procedures for occupational health and work safety operations and ensured the effective implementation of occupational health and work Company supervises each subsidiary to develop its own plan and task list tailored to its unique characteristics conducts the three-year initia-
safety within the Company. tive in an organized manner and continuously enhances the overall safety management standards.The Company has established an occupational health and safety management system in which the primary responsible person assumes over- In 2025 following relevant documents and the requirements of the Three-Year Action Plan for Addressing Root Causes in Work Safety the
all responsibility. It has set up a Work Safety Management Committee and a dedicated safety management department staffed with full-time Company actively advanced specialized rectification initiatives targeting major accident hazards. Tasks were clearly defined safeguards were
safety management personnel. The company headquarters is equipped with a Safety and Environmental Protection Department responsible strengthened and a company expert team was established. The Company oversaw each subsidiary in fulfilling its primary responsibilities and
for the day-to-day management and supervision of work safety. Each subsidiary has formulated its own work safety management system carried out quarterly and annual safety assessments as well as unscheduled inspections. After investigation the Company and all its subsidiar-
suited to its specific characteristics and established dedicated departments and professional staff for work safety management. The Company ies identified no major hazards this year.has 40 employees holding registered safety engineer certificates. 25 subsidiaries have obtained work safety standardization certificates
including 3 Level 1 enterprises 17 Level 2 enterprises and 5 Level 3 enterprises.Impact Risk and Opportunity Management
Occupational Health Protection of Employees
The Company places great emphasis on employee occupational health continuously improves its occupational health management system and
engages third parties to assess occupational disease hazards in workplaces. It has established a dual mechanism for classified risk management
and hazard identification and remediation. Through organizing themed events holding health lectures and training conducting practical drills
distributing and instructing employees in the proper use of labor protection equipment arranging occupational health examinations and estab-
lishing health monitoring records the Company raises employees' awareness of safety and effectively safeguards their health rights and inter-
ests. Meanwhile some companies according to their actual circumstances install basic fitness facilities basketball courts badminton courts
and other activity spaces to provide employees with venues for physical exercise.Level 1 work safety standardization certificate Level 1 work safety standardization certificate Level 1 work safety standardization certificate
for transportation enterprises obtained by for transportation enterprises obtained by for transportation enterprises obtained by
Xiamen Port Shipping Xiamen Port Transportation Chaozhou Port Development Safety Management of Production Equipment
The Company rigorously implements scheduled maintenance and ongoing status monitoring of equipment formulates and enforces the Regu-
lations on Electromechanical Equipment Management and the Safety and Environmental Protection Department conducts annual regular facili-
ty and equipment surveys scrap reporting appraisal and disposal to promptly eliminate equipment that is uneconomical unsafe or not envi-
ronmentally compliant. Each subsidiary follows the headquarters' requirements to ensure equipment maintenance is performed according to
regulations prevent operation of defective equipment and establish a solid foundation for work safety.Safety Hazard Inspection
The Company has established a mechanism for identifying major accident hazards and conducting safety inspections. In ordinary industries
the primary responsible person leads a team inspection once per quarter while in the dangerous goods industry inspections are conducted
once per month. Each member enterprise is supervised to advance the investigation and rectification of major accident hazards. In 2025 the
Company organized 45 safety supervision and inspection activities focused on key enterprises and regions issued 103 rectification recommen-
Occupational health and safety Occupational health and safety Occupational health and safety Occupational health and safety
management system certification management system certification management system certification management system certification dations all of which were fully closed-looped and implemented. Member enterprises conducted a total of 1274 safety inspections identified
obtained by Xiamen Haihong Petro- obtained by Penavico Xiamen o b t a i n e d b y X i a m e n O c e a n obta ined by X iamen Penav ico and rectified 1197 hazards achieving a rectification rate of 100%.chemical Terminal Shipping Tally Sanitation and Quar- Navigation
antine Technical Services
059 0602025 Environmental Social and Governance Report Society
Emergency Response Mechanism
The Company has established and refined emergency preparedness plans for work safety. It routinely conducts comprehensive accident emer-
gency drills occupational health emergency drills and drills for special equipment accidents covering scenarios such as confined spaces falls
from heights electric shock power outages natural disasters fire protection hazardous chemical leaks oil spill prevention and anti-terrorism
exercises. Necessary emergency supplies and equipment are provided with continuous optimization of the emergency plans. In 2025 the
Company conducted a total of 172 emergency drills of various types involving approximately 3407 participants and revised 11 emergency
response plans.Safety Culture Development
The Company leverages Work Safety Month as a platform and organizes a variety of safety culture activities under the theme "Everyone Talks Shihushan Terminal conducts occupational health and work safety training Gulei Port Development conducts emergency drills for work safety
About Safety Everyone Can Respond to Emergencies—Ensuring Life-Saving Pathways Are Clear" including health knowledge seminars and
comprehensive occupational health protection training sessions. In 2025 the Company produced and displayed 130 promotional banners
printed and distributed 300 safety brochures created and posted 920 safety posters issued 193 work safety news reports supervised the
revision of 178 rules and regulations of its member enterprises updated about 42 operating procedures conducted 1233 safety training
sessions with approximately 32485 participants.Additional Installation of Safety Signs
The Company installs risk warning signs in prominent locations within the workplace provides instructions for on-site emergency response
establishes occupational health bulletin boards and publicly posts regulations and procedures related to occupational disease prevention and
control operating protocols emergency response measures for occupational hazard incidents and the results of occupational hazard factor
monitoring. Chaozhou Port Development conducts emergency response drills for vehicle Xiamen Port Shipping participates in pilot vessel-tugboat rescue drills
spontaneous combustion
Work Injury Handling Procedure Indicators and Targets
In accordance with the Regulations on Work Injury Insurance and related national laws and regulations and taking into account actual condi- Work Safety Targets and Performance
tions the Company has formulated relevant management systems and paid work injury insurance premiums for its employees on time. In the
event of a work injury accident the Company immediately organizes responsible personnel to handle the on-site situation and carry out an Indicators Contents Performance in 2025
accident investigation; if necessary it promptly sends the injured employee to an appropriate hospital for medical treatment assists in apply-
ing for work injury identification and benefits and ensures the Company's trade union regularly visits the injured employees. Subsequently the
Company conducts a comprehensive investigation and analysis of the causes of the accident to clarify the nature and responsibilities involved Work safety accident fatality rate is zero; accidents with
Work safety control indicators direct economic losses exceeding RMB 1 million are
develops improvement measures and supervises their implementation. Completedzero
Fire accident fatality rate is zero; fire accidents with
direct economic losses above RMB 1 million are zero;
Safety production control indicators enterprise "three-in-one space" rectification rate and fire Completed
hazard rectification rate are 100%
Road traffic accident indicators Zero road traffic accidents causing fatalities for which
(including port area roads) equal or greater liability is assigned Completed
The signing (issue) rate for work safety target management
responsibility statements is 100%; rate of annual assessment
Safety management targets and enforcement of rewards and penalties is 100%; work Completed
safety information recording rate is 100%; accident rectifica-
tion rate is 100%
The completion rates for "three-level education" "four
new" training resumption training and job transfer
Safety education and training indicators training all reach 100%; the certification rate for special Completed
operations personnel is 100%
Gulei Port Development initiates a workplace safety hazard inspection campaign A comprehensive occupational health management
Occupational health and prevention and control system is in place and the incidence of occupational Completed
of occupational diseases diseases is zero
061 0622025 Environmental Social and Governance Report Society
Responsibility Fulfillment: Cross-Strait Integration
Making Positive Contributions to Society
Xiamen Port Development remains committed to serving the national interest and actively engages in cross-strait industrial collaboration. By
Xiamen Port Development anchors its social value co-creation strategy by deepening community building and public welfare initiatives driving efficiently connecting multiple links such as port loading and unloading logistics distribution and supply chain services it ensures the smooth
rural revitalization through a dual-engines approach integrating with the Belt and Road Initiative to expand its international presence ensuring input of raw materials and output of products for Taiwan enterprises while significantly reducing cross-strait trade logistics costs. Meanwhile it
stable energy supply rigorously complying with tax obligations according to law and fulfilling its responsibilities as a state-owned enterprise. actively innovates service models explores information interconnectivity and standard compatibility between ports across the Taiwan Strait
enhances the facilitation of customs clearance and injects stable momentum into cross-strait economic and trade exchanges.Social public welfare In developing logistics channels Xiamen Port Development has effectively integrated resources across terminals yards and shipping routes vigorously expanded its cross-border e-commerce business with Taiwan launched the new "Xiamen-Taipei" shipping route established a new
framework for the "Three Direct Links" and successfully implemented a new model for export returns. In 2025 the cross-border e-commerce
The Company actively advances Party-building efforts in neighboring communities and together with Jinding Community carries out the "Party business volume increased by 22% year on year. In port loading and unloading operations Huajin Terminal developed the first business han-
Building to Deliver Practical Benefits" initiative. Through the "Renewing Convenience Bulletin Board Creating a New Service 'Window'" project dling quarry stone unloading from Taiwan this year. Leveraging its geographic advantage for operations with Taiwan it effectively lowered cus-
approximately RMB 20000 was invested to upgrade bulletin boards in the community and enhance basic service functions. Meanwhile the tomer costs and provided Taiwan clients with a more flexible logistics channel.Company's CYLC Committee has organized the "Healthy Living Blood Donation Together" voluntary blood drive successfully donating 12500
milliliters of blood. Through concrete action the Company has fulfilled its responsibilities as a state-owned enterprise and promoted the spirit
of volunteerism. Throughout 2025 the Company participated in 149 volunteer and public welfare activities involving a total of 1436 partici-
pants. Lawful Tax Payment
Additionally the Company continues to develop volunteer and public welfare brands such as "Maritime Emergency Rescue" "Children's Day The Company strictly complies with relevant laws and regulations including the Law of the People's Republic of China on the Administration of
Parent-Child Activities" and "Summer Nursery Class." The subsidiary Hailong Terminal donated RMB 200000 to Houjing Village in Haicang and Tax Collection the Interim Regulation of the People's Republic of China on Value Added Tax the Enterprise Income Tax Law of the People's
Xiamen Ocean Shipping Tally donated RMB 350000 to the Philharmonic Orchestra actively fostering an atmosphere of respect for the elderly Republic of China and the Individual Income Tax Law of the People's Republic of China. The Company actively adheres to tax policies stan-
harmonious village-enterprise relations and shared cultural prosperity. dardizes tax obligations lawfully discloses tax information and declares and pays taxes on time.Rural Revitalization Social Contribution
The Company actively responds to the national rural revitalization strategy providing targeted support for local development through both
industrial and consumption assistance. In 2025 the Company supported consumption assistance by purchasing specialty agricultural products In 2025
from Ningxia Yunxiao and other regions as employee holiday benefits with total purchases nearing RMB 2.3 million thereby taking concrete
steps to expand marketing channels for agricultural products. Additionally the subsidiary Penavico Xiamen leveraging culture and tourism inte-
gration donated RMB 500000 in dedicated funds to the Songxi County People's Government to enhance the operation and management of
the Meikou Scenic Area and steadily advance the implementation of cultural and tourism industry support projects.The Company achieved a total social contribution of RMB million including net profit of RMB
Belt and Road Initiative million employee compensation of RMB million taxes and fees paid of RMB million donation
The Company actively responds to the Belt and Road Initiative cooperation and leveraging Xiamen's status as the core area of the 21st Centu-
ry Maritime Silk Road continues to expand both domestic and international markets while deepening the supply chain business development expenses of RMB million and various interest payments to banks and other creditors of RMB million.strategy.The Company upholds the principle of "extensive consultation joint contribution and shared benefits" using ports as leverage and the bulk
commodity supply chain business as a key link. By accelerating market responsiveness and enhancing service quality it collaborates with
countries along the Belt and Road routes to establish a mutually beneficial global trade ecosystem. The Company is dedicated to providing
customers with more efficient and convenient supply chain solutions and actively contributes to regional economic development and the
advancement of the Belt and Road Initiative.Transport Assurance Service
The Company proactively responds to the national energy supply assurance mandate and makes every effort to ensure the transport of coal
and other energy resources during the peak summer demand period. By strengthening the integration and overall coordination of multimodal
transportation via rail road and water and optimizing the loading unloading storage and transshipment processes for inbound coal the Com-
pany ensures that energy supply transport corridors remain smooth and efficient effectively prevents port congestion and significantly enhanc-
es comprehensive supply assurance capacity.In 2025 the subsidiary Xiamen Penavico International Freight & Forwarding submitted the "Nanchang-Xiamen Port" container rail-water inter-
modal transport route as a case study which was selected as one of the ten typical cases for cultivating container rail intermodal transport
brand routes jointly released by the Ministry of Transport the National Railway Administration and China State Railway Group Co. Ltd. This
recognition signifies that the Company's operational strength and service effectiveness in the sea-rail intermodal transport sector have received
authoritative national endorsement.
063 064Innovation-driven Growth:
Leveraging Technology to Drive Growth Leading the Future with Technology 067
Quality Service:
Rigorously Controlling Product Quality 070
Xiamen Port Development incorporates innovation-driven and technology-led initiatives into its core development
strategy focusing on strengthening the R&D system and fostering an innovation ecosystem. Xiamen Port Develop- Security Management:
ment is dedicated to in-depth research and development of smart port technologies and the transformation of R&D Ensuring Data Security 073
achievements while advancing comprehensive digital transformation across all operations. Simultaneously it enforc-
Responsible Supply:
es strict quality control ensures data security and builds a sustainable supply chain thereby leveraging technology Co-building a Sustainable Ecosystem 075
to drive high-quality development cultivate new quality productive forces and demonstrate the technological
responsibility of state-owned enterprises.
065 0662025 Environmental Social and Governance Report Innovation
Innovation-driven Growth: Innovation Honors
Leading the Future with Technology
Xiamen Port Development deeply implements President Xi Jinping's directives on technological innovation upholds innovation as the core
driver of development and continuously strengthens the role of state-owned enterprises as leaders in scientific and technological innovation.The Company is committed to serving the national strategy building a high-level strategic science and technology force and actively demon-
strating leadership in promoting scientific and technological self-reliance developing a modern industrial system and cultivating new quality
productive forces. It makes a substantial contribution to building a strong science and technology nation and advancing Chinese-style modern-
ization. Hailong Terminal together with its partners developed a The project "Integrated Application of Port Tally Based on 5G
mechanized automatic sampling system for grain which Technology" by Xiamen Ocean Shipping Tally was awarded
received the honor of Shandong Province's First Major Tech- the Second Prize at the 4th Xiamen 5G Application Competi-
Innovation and R&D nical Equipment and Key Core Components issued by the tion
Department of Industry and Information Technology of Shan-
The Company strictly complies with laws regulations and industry standards integrating its development strategy with operational practices to dong Province
establish and refine its internal management system. In accordance with standardized management requirements the Company has developed
a scientific and efficient R&D and innovation management system ensuring the stable development of core talent through enhanced training
and incentive measures. Clear guidance is provided for R&D staff to undertake technological research facilitating the standardized orderly and
efficient implementation of scientific research projects. Compilation of Industry Standards
Currently the Company has established an R&D innovation management system and incentive mechanism that covers all member enterprises As a pilot enterprise Xiamen Penavico International Freight & Forwarding actively participated in drafting the local standard Multimodal Trans-
and spans the entire lifecycle of technological transformation upgrades as well as scientific research and innovation projects. Leveraging port One-order Service Specification for Container Sea-Rail Intermodal Transport. On June 30 the standard was officially released by Xiamen
systematic policy guidance targeted resource support and scientific performance incentives the Company fully motivates each member enter- Municipal Market Supervision Administration. Its release signifies that Xiamen's multimodal transport has officially entered a new efficient and
prise to engage in technological innovation research breakthroughs and innovative practices thereby driving steady improvement in overall convenient stage of the "one-order system" further optimizing service processes and management frameworks and significantly advancing the
innovation capacity and core competitiveness. Additionally the Company actively contributes to the industry ecosystem having become a standardization and coordination of regional logistics services.member of the National Port Standardization Technical Committee. It is deeply involved in the development and revision of industry standards
for terminal facilities and equipment consistently playing a leading role in industry standardization efforts.Intellectual property
Incentive Mechanism
The Company strictly complies with relevant laws and regulations including the Trademark Law of the People's Republic of China the Patent
The Company has established a comprehensive incentive mechanism for technological innovation stimulating employee enthusiasm for innova- Law of the People's Republic of China the Civil Code of the People's Republic of China and the Guidelines for Genuine Software Management.tion through diversified measures. Outstanding contributions in areas such as technology R&D patent applications and achievement commer- Additionally considering its operational realities the Company has formulated the (Interim) Management Measures for Genuine Software to
cialization receive positive recognition. Employees are encouraged to actively engage in innovative activities continuously reinforcing the Com- refine related management mechanisms and continuously enhance intellectual property protection efforts.pany's innovation-driven culture. This commitment fosters an environment that values innovation and bold breakthroughs providing sustained
momentum for the Company's innovative development. The Company has established a genuine software management leadership group responsible for overall coordination reviewing relevant poli-
cies plans and budgets supervising implementation and overseeing performance assessments and associated rewards or penalties. The lead-
Shihushan Terminal encourages and guides all employees especially young technicians to take on significant responsibilities. Leveraging the ership group is supported by an office which is specifically tasked with developing standards preparing plans conducting inspections budget
Science and Technology Innovation Studio it regularly organizes technical seminars and training sessions. By engaging in special research and review software maintenance ledger management publicity and training assessment and evaluation annual reporting and daily management.improvement projects as well as continuously holding technological innovation competitions and selecting outstanding processes the Compa-
ny effectively stimulates the team's innovative potential and practical enthusiasm.Platform Development Management Measures
The Company has focused on key areas and established a multi-level collaborative open and shared innovation platform system that inte-
grates both internal and external resources. Through deep partnerships with universities and research institutes the Company systematically
drives the commercialization of innovative achievements. Meanwhile the Company has established multiple employee innovation studios to Strengthening policy alignment and technology R&D: Upholding a strict baseline for genuine software management:
fully stimulate internal innovation creating an innovation ecosystem that integrates internal and external collaboration with research and appli-
cation. The Company and its subsidiaries have participated in specialized The Company has established and implemented information project
training on technology R&D subsidy policies and related technical management systems with zero tolerance for the use of pirated soft-
Innovation Management Objectives training proactively aligned with favorable policies stimulated innova- ware. In 2025 the number of licenses purchased for genuine operat-
tion in technology research and development and driven high-quality ing systems office and antivirus software reached 1524 further con-
The Company has set R&D innovation management goals focusing on smart ports green technologies and other areas. Currently scientific development through technological innovation. solidating the achievements in genuine software management.research projects such as the intelligent tugboat control system and wharf stone identification system have been completed.
067 0682025 Environmental Social and Governance Report Innovation
Achievements Case Study: Xiamen Port Transportation Officially Puts the IMS Intelligent Control Center into Operation
In 2025 the Company added 3 invention patents and 9 software
copyrights spanning multiple critical business domains. These
include a fully hydraulic spiral silo clearing system and an automatic The official commissioning of the IMS Intelligent Control Center of
clearing control method for grain silos an intelligent container man- Xiamen Port Transportation marks its entry into a new era of
agement method based on EIR a plug positioning method and posi- smart digital safety management. Leveraging the IMS Intelligent
tioning device among others. Among these the subsidiary Xiamen Control Center it has established a "1+N" intelligent monitoring
Ocean Shipping Tally focused on independent R&D projects and network enabling AI-based identification of six types of risky driv-
advanced applications for proprietary software copyrights success- ing behaviors within seconds and triggering dual alerts. A "Good
fully obtaining 3 software copyrights in 2025: "Health Inspection Driver" intelligent model will also be developed to generate a
Operation Analysis Management Platform V1.0" "Container Packing five-color safety risk map providing strong support for manage-
and Unpacking Business Management System V1.0" and "Billing Xiamen Ocean Shipping Tally's software copyright certificates for "Health Inspection Operation ment decision-making.Management System V1.0." Analysis Management Platform V1.0" "Container Packing and Unpacking Business Manage-
ment System V1.0" and "Billing Management System V1.0"
Technology Ethics Quality Service: Rigorously Controlling Product Quality
The Company did not conduct scientific research or technological development in sensitive ethics-related fields such as life sciences and artifi-
cial intelligence. The Company has always regarded its quality management system as the fundamental pillar of corporate development. By continuously opti-
mizing management processes and strengthening the implementation of standards it has effectively ensured the stability and excellence of its
Digital Transformation service and operational quality. On this basis the Company has actively leveraged its quality management system to drive business innovation
and enhance capabilities injecting lasting momentum into its sustainable development. Amid fierce market competition the Company has
The Company has made every effort to promote digital transformation across all areas and has imple- earned widespread trust from customers and built a strong market reputation through its high-quality services and management.mented legal information system development in stages. It has completed the first and second phases
of the shared legal information platform enabling online management and control of legal work such Governance
as contracts and compliance and achieving dynamic risk monitoring and real-time alerts and rapid
response thereby promoting more standardized and efficient legal management processes. Mean- The Company has strictly complied with relevant laws and regulations and the requirements of the ISO 9001 quality management system and
while the Company has deployed a financial sharing system establishing seamless connectivity continuously enhanced the development of its quality management system. By the end of 2025 seven subsidiaries of the Company namely
between banks and enterprises to enhance management efficiency. Through process optimization Penavico Xiamen Xiamen Penavico Navigation Xiamen Ocean Shipping Tally Xiamen Ocean Shipping Tally Sanitation and Quarantine Technical
data consolidation and automation the system facilitates digital transformation of financial manage- Services Xiamen Port Transportation Xiamen Haihong Petrochemical Terminal and Hailong Terminal have obtained ISO 9001 quality manage-
ment and empowers overall enterprise management. For business collaboration the financial sharing ment system certification. In addition six subsidiaries—Xiamen Ocean Shipping Tally Sanitation and Quarantine Technical Services Xiamen Port Xiamen Ocean Shipping Tally wins the second prize
system integrates with ERP OA HR and other platforms to enable efficient cooperation between Trading Xiamen Penavico Customs Broker Xiamen Port Logistics Bonded Xiamen Ocean Shipping Tally and Zhangzhou Haiming—have also in the 4th Xiamen 5G Application Competition
finance and business departments. Thorough analysis of financial data delivers precise support to received AEO advanced certification.business departments helping them optimize resource allocation control costs and enhance profit-
ability.The Company has been increasing its investment in information technology and has developed multiple information systems including the
BTOS bulk and general cargo production management system the Xiamen Port Logistics Service Cloud Platform and the Tugboat Energy Con-
sumption Online Monitoring System. These systems cover core business areas such as port operations logistics services and energy consump-
tion management effectively improving operational efficiency and service quality.At the same time the Company has deepened the integration of digitization across various business scenarios and has implemented several
smart benchmark projects.Case Study: Shihushan Terminal Develops an Environmental Protection Management System
The quality management system certif- The quality management system The quality management system The quality management system
icate obtained by Penavico Xiamen certificate obtained by Xiamen certificate obtained by Xiamen certif icate obtained by Xiamen
Penavico Navigation Ocean Shipping Tally Ocean Shipping Tally Sanitation and
Quarantine Technical Services
The Shihushan Terminal Environmental Protection Management
System is a flagship example of applying digital transformation to
green governance in the port sector. The system deeply inte-
grates intelligent tools with requirements for green low-carbon
development to establish a digital control framework covering the
entire environmental protection process. It brings together mod-
ules such as organized emission control fugitive dust manage-
ment clean transportation scheduling intelligent video monitor-
ing and an intelligent control center thereby creating a smart
management platform that covers all environmental protection
scenarios.The quality management system The quality management system The quality management system The AEO Cert i f icate obtained by
certificate obtained by Xiamen Port certificate obtained by Xiamen certificate obtained by Hailong Xiamen Ocean Shipping Tally Sanita-
Transportation Haihong Petrochemical Terminal Terminal tion and Quarantine Technical Services
069 0702025 Environmental Social and Governance Report Innovation
Strategies Customer Satisfaction Improvement
All of the Company's business units have established customer complaint-handling mechanisms including publicizing supervision and com-
By integrating resources from its various business segments and focusing on "building platforms expanding outlets strengthening channels plaint hotlines email addresses and other contact channels to promptly address customer dissatisfaction suggestions and inquiries improve
and optimizing mechanisms" the Company has been committed to shaping a port supply chain ecosystem featuring integrated operations of service quality and customer satisfaction and safeguard the Company's image. In 2025 the Company did not receive any major customer
"trade ports logistics information capital and industry". It aims to become a first-class port integrated logistics supply chain service provider complaints.along the southeast coast integrating "leading bulk and general cargo terminal investment and operation outstanding port value-addedservices world-class end-to-end integrated supply chain services and advanced new logistics services”. In 2025 logistics subsidiaries such as Penavico Xiamen Xiamen Port Logistics and Xiamen Ocean Shipping Tally conducted customer satisfac-
tion surveys on their services. According to statistics Penavico Xiamen has not received any customer complaints for three consecutive years
Impact Risk and Opportunity Management especially in the shipping agency business sector. Customer satisfaction continues to be at a high level. In 2025 its customer satisfaction rate
was 97% and the survey covered the top 30 customers in terms of revenue. With its professional and efficient services it has won wide recog-
Material Transportation Service Assurance Development of Quality Culture nition from shipowners. Relying on ISO quality management system and intelligent tallying system Xiamen Ocean Shipping Tally continues to
provide customers with safe environmentally friendly value-added services through service process reengineering and technological innovation.The Company has improved its coordinated support mechanism for By positioning quality culture as the core of corporate development It has established a good brand image in the fields of quarantine treatment and has been unanimously recognized by customers with custom-
energy and material transportation guiding key customers for mate- and carrying out multi-level initiatives such as special lectures by er satisfaction reaching 100%. The satisfaction rate of Xiamen Port Logistics' LCL warehousing business and international freight forwarding
rials such as coal and grain to develop sound collection and distribu- industry experts and practical business-specific training the Compa- business has exceeded 95% for three consecutive years. The customer satisfaction rate of empty container services increased from 97.79% to
tion plans; strengthened overall scheduling of terminal operations ny has enhanced employees' quality awareness and professional 98.2% that of LCL business increased from 93.67% to 96.2% and that of bonded business increased from 92.43% to 96.67%. Xiamen Port
and transport capacity support deepened port-railway coordination competence fostered a culture of quality characterized by full partic- Logistics gained customer and industry recognition with its overall customer satisfaction rate reaching 97.41% an increase of 1.44 percentage
to secure the supply of rail wagons ensuring balanced coal arrivals ipation and continuous improvement and consolidated the founda- points over 2024.at the port and reasonable inventory levels; and leveraged the advan- tion for high-quality development.tages of port hubs and multimodal transport to promote the shift of
coal transport from bulk to containerized shipping and from road Xiamen Penavico Air Freight has been recognized by many leading air logistics companies for its professional service capabilities:
transport to water and railway transport thereby improving cargo
transfer efficiency. Honor Awarded by
Active Participation in Association Activities
2024 International Outstanding Partner Fujian Branch of China Southern Airlines Logistics Co. Ltd.
The Company has continued to deepen its cooperation with authoritative industry associations and professional organizations at home and
abroad actively fulfilling its civic responsibilities as a state-owned enterprise and has built an extensive network of industry collaboration. As of 2024 Top Sales Award China Airlines
the end of 2025 the Company has participated in 48 industry associations and has held key positions in shipping agency associations tally
associations logistics associations and others. Best Partner 2024 Xiamen Office of Cathay Pacific Airways Limited
Case Study: The Company Actively Participates in Various Association Activities and Plays an
Outstanding Contribution Award Air Road Logistics Co. Ltd.Important Role in Each Association
The leader of Xiamen Ocean Shipping Tally serves as the Vice
President of the China Tally Association and as an awards
presenter at the 2025 News and Publicity Work Conference of
the China Tally Association conferred awards on the advanced
collectives in news and publicity work.The leaders of Penavico Xiamen serve as the president and deputy secretary-general of the Xiamen Association of Shipping Agencies.As a member of the association Penavico Xiamen participates in customs-enterprise exchange seminars and in ship pilotage and ship
agency cooperation exchange meetings. As the association's presiding entity it has also taken the lead in promoting the "Xiamen Xiamen Ocean Shipping Tally Sanitation and Quarantine Technical College of Marine Equipment and Mechanical Engineering of Jimei
Shipping Agency Cloud Platform" project and by 2024 it had taken the lead in completing the overall development of the platform's Services is awarded the title of "Quality Service Provider for Pest University presents a banner to Xiamen Port Shipping expressing
core shipping agency business functions. Control Services 2024" thanks for its professional and efficient towing services provided for
the "JMU No. 4" scientific research vessel project.Xiamen Penavico International Freight & Forwarding receives the Xiamen Penavico International Freight & Forwarding wins the titles of
"2025 Quality Service Award" from MSC Maersk's 2025 Excellent Service Supplier for Shipping Booking
Agency and 2025 Outstanding Contribution Supplier in South China
071 0722025 Environmental Social and Governance Report Innovation
Indicators and Targets Case Study: Xiamen Port Shipping Organizes Viewing of a Special Cybersecurity Training Session
The Company has established performance indicators for port terminal service efficiency. In 2025 the terminals' main service efficiency indica-
tors showed year-on-year improvement. Among them the completion rate of the average unloading rate indicator for vessels of 70000 tons
and above at Shihushan Terminal was 105% representing a year-on-year increase of 5.4%; Chaozhou Port Development's completion rate of
the domestic trade container ship-hour efficiency indicator was 104% a year-on-year increase of 3.8%; and the completion rate of the foreign In November 2025 Xiamen Port Shipping organized the viewing
trade trunk line ship-hour efficiency indicator at Huajin Terminal was 107% a year-on-year increase of 14.1%. of a special cybersecurity video focusing on topics such as "Being
Alert to Potential Risks of 'Two Highs and One Weak'" "Maintain-
ing the Security of Video Surveillance" and "Cybersecurity Protec-
tion Guidelines". This helped employees further strengthen their
Security Management: Ensuring Data Security cybersecurity awareness enhance their cybersecurity protection
skills and effectively build a solid cybersecurity barrier for Xiamen
Port Shipping.The Company has strictly complied with the requirements of relevant national laws and regulations including the Data Security Law of the
People's Republic of China the Personal Information Protection Law of the People's Republic of China and the Cybersecurity Law of the Peo-
ple's Republic of China. It has formulated and implemented internal management documents such as the Information Technology Management
System and the Cybersecurity Management Measures to standardize the data security management structure and strengthen the risk manage-
ment system.In 2025 the Company reported no data security incidents and no customer privacy breaches.Data Security Management Structure
The Company has established a sound data security management The Company has incorporated information security management
structure and set up a leading group for informatization cybersecuri- into management personnel's performance appraisals. In accordance Case Study: Penavico Xiamen Organizes a Phishing Email Response Drill
ty and information security headed by the Chairman and with the with the relevant provisions of the Measures for Remuneration and
General Manager as the first deputy leader. This group is responsible Performance Appraisal Management it sets management evaluation
for leading and organizing the Company's informatization develop- indicators for its member enterprises. In terms of information man-
ment including but not limited to implementing the guidelines poli- agement it conducts annual capabil i ty assessments and In June 2025 Penavico Xiamen conducted an emergency
cies and plans on informatization issued by national provincial and incident-based assessments of cybersecurity urges its affiliated response drill focusing on phishing emails. Through phishing
municipal authorities overseeing the Company's information security enterprises to implement relevant cybersecurity measures and email emergency response training simulated phishing email
cybersecurity and the innovation of information technology applica- directly links the assessment results to the annual performance of the identification coordinated response by relevant departments and
tions and coordinating the management of the Company's informa- management. email traceability analysis and investigation Penavico Xiamen
tion assets. effectively tested the practicality and operability of its cybersecu-
rity emergency response mechanism while enhancing employees'
cybersecurity awareness and emergency response capabilities.Data Security Management Measures
Cybersecurity attack and defense drills: The Company has actively participated in cybersecurity attack and defense drills organized by the
competent authorities regularly carried out self-inspections of cybersecurity risks arranged cybersecurity duty shifts during holidays and
worked to prevent and mitigate business interruptions losses in production operations and management as well as social impact risks caused
by cybersecurity incidents.
073 0742025 Environmental Social and Governance Report Innovation
Responsible Supply: The Company has regularly evaluated suppliers across multiple dimensions including quality
Co-building a Sustainable Ecosystem environmental performance occupational health and safety management systems and integ-rity and self-discipline. Cooperation with suppliers that fail the evaluation will be terminated
The Company has thoroughly implemented the important instructions of President Xi Jinping on supply chain development consistently Supplier evaluation and those that perform particularly poorly will be placed on a blocklist. In 2025 a total of 1421
regarding supply chain optimization as the core task of corporate development and focusing on building a stable efficient and green supply suppliers who made quotations were evaluated of which 385 suppliers were rated as excel-
chain system thereby making solid contributions to safeguarding national supply chain stability and advancing Chinese modernization. lent accounting for 27.09%; 64 suppliers have been added to the blocklist since the establish-
ment of the supplier platform accounting for 4.50%; in 2025 10 additional suppliers was
added to the blocklist.Governance
The Company has strictly complied with the Law of the People's Republic of China on Bid Invitation and Bidding the Regulations on the The Company has been committed to building an outstanding supply chain ecosystem and
Implementation of the Law of the People's Republic of China on Bid Invitation and Bidding and other relevant laws and regulations. Based on its regards supplier training as a strategic priority for enhancing overall competitiveness. Through
actual development needs it has continuously improved supporting systems and working mechanisms regularly evaluated and screened Supplier training carefully designed empowerment programs the Company has not only delivered cutting-edge
suppliers and advanced compliant specialized and sustainable supply chain management. industry knowledge and best practices to suppliers but also dedicated itself to enhancing
their ESG management capabilities to achieve sustainable development goals.By the end of 2025
A total of 3084 suppliers had been registered and approved on the Company's supplier procurement platform including 234 suppliers
certified to ISO 9000 196 suppliers certified to ISO 14000 281 suppliers certified to ISO 45001 and 718 suppliers that had signed the The Company has established dedicated communication mechanisms to promote knowledge Supplier communication
Integrity Agreement. The annual purchase amount through the platform was RMB 88 million with 2258 purchase orders placed of sharing and the exchange of experience among suppliers helping them clarify their sustain-
which public inquiry orders accounted for 97.83%. mechanism able development positioning and understand how to meet the Company's high standards
through proactive management measures.Strategies In selecting suppliers the Company has focused on diversification and long-term cooperation
Supply chain risk prevention to reduce supply chain risks and ensure product quality and supply stability. It has also opti-
The Company has fully integrated supply chain security management into its comprehensive risk management system and all aspects of daily mized supply chain processes and improved supply chain efficiency to ensure that the supply
operations. Upholding the core principles of safety first compliance as the foundation coordinated control and resilient development it has and control chain remains stable and reliable.formulated a dedicated supply chain security management strategy of "source control – process supervision – emergency response – continu-
ous optimization". Through end-to-end risk prevention and control and strategic planning the Company has strengthened the supply chain's
risk resilience and capacity for sustainable development.Equal treatment of SMEs
Impact Risk and Opportunity Management The Company has always adhered to the principle of equality and fairness in business cooperation and attached great importance to cooperat-ing with small and medium-sized enterprises (SMEs). For SMEs the Company has followed the principle of "pay all that is due and pay it
promptly" with no cases of overdue payments. This has effectively ensured the stability of their capital chains helped them focus on business
Supplier management development and enabled the Company to establish long-term stable mutually beneficial and win-win partnerships with them.Huajin Terminal has closely aligned with the diversified needs of small and medium-sized cargo owners and capitalized on Shishi City's policies
as a pilot city for market procurement trade. It has tailored a new foreign trade model featuring "multiple varieties multiple approvals and
small batches" for micro small and medium-sized enterprises (MSMEs) and individual industrial and commercial businesses improving export
Management mechanisms Main content efficiency through measures such as simplified customs declaration procedures and consolidated customs clearance and helping "small com-
modities" purchased in the market to access "big markets". In March 2025 Huajin Terminal successfully completed its first market procurement
foreign trade export transaction and by the end of 2025 it had handled a total of 115 TEUs under the market procurement model.The Company has strictly regulated supplier access criteria and has formulated and imple-
mented the Contract Management Measures. It has conducted credit investigations on suppli- Indicators and Targets
Supplier access ers including but not limited to verification of legal status capacity to perform business
scope business qualifications credit standing and supporting evidence of relevant perfor- In 2025 a total of 7690 new customer record entries were added to the customer database in the Company's OA system. From January 2023
mance capabilities to ensure that only qualified suppliers are engaged. to December 2025 approximately 20840 customer record entries were included in the customer database in the OA system.
075 076Party Building as the Guiding Force
Improving Corporate Governance and Pooling Strength for Development 079
Consolidating the Foundation for Development Governance Foundation Building:
Enhancing Operational Efficiency 080
The Company has adhered to leading high-quality development with high-quality governance. It has given full play to Compliant Operation:
the guiding and coordinating role of Party leadership in corporate governance and continuously built a modern gover- Building a Solid Risk-control Barrier 083
nance system with clear rights and responsibilities standardized operations and strong supervision. At the same
time the Company has been improving internal control management compliant operations and risk prevention and Integrity-based Governance:
control mechanisms and strictly implementing requirements for integrity and fair competition. It has prioritized deep- Regulating Business Conduct 087
ening investor relations management effectively safeguarding the legitimate rights and interests of all stakeholders Balanced Rights and Interests:
continuously enhancing governance transparency and standardization and promoting a coordinated improvement in Achieving Win-win Outcomes for All Parties 089
governance efficiency operational stability and long-term corporate value.
077 0782025 Environmental Social and Governance Report Governance
Party Building as the Guiding Force
Pooling Strength for Development
The Company has always given top priority to the Party's political development. It has stayed committed to the Party's decision to establish
Comrade Xi Jinping's core position on the Party Central Committee and in the Party as a whole and to establish Xi Jinping Thought on Social-
ism with Chinese Characteristics for a New Era as the guiding principle. It has also resolutely upheld Comrade Xi Jinping's core position in both
the CPC Central Committee and the entire Party and upheld the CPC Central Committee's authority and its centralized unified leadership. With
such efforts the Company has continuously improved its ability to judge and understand political issues and implement political requirements.Deep Integration of Party Building and Corporate Governance
The Company has strictly complied with the Constitution of the Communist Party of China the Company Law of the People's Republic of
China and the Regulations on the Work at Primary-level Party Organizations of State-owned Enterprises of the Communist Party of China
(Trial) and has formulated and implemented internal management systems such as the "Three Major and One Significant" Decision-making
System the Top-of-the-Agenda System the Rules of Procedure of the Party Committee the Measures for Study Sessions Organization of the
Theoretical Study Center Group of the Party Committee and the Administrative Measures for the Use of Working Funds of the Party Commit-
tee and Party Organizations. It has adhered to the Party organization's role of "setting the direction overseeing the overall situation and ensur-
ing implementation" the Board of Directors' role of "formulating strategies making decisions and preventing risks" and the management's role
of "planning operations ensuring implementation and strengthening management" thereby achieving an organic integration of Party leadership
and corporate governance. In 2025 the Company held 37 meetings of the Party Committee to deliberate 170 major matters concerning enter-
prise production and operation as well as reform and development.Strengthening Primary-level Organization Development
The Company has specified concrete requirements for Party organizations regarding institutional setup responsibilities and powers operating
mechanisms and basic support and has completed the comprehensive standardization of including Party building in the Articles of Association
at the headquarters and eligible member enterprises. In parallel the Company has advanced the implementation of the requirements of the
"Four Synchronizations" and "Four Alignments" coordinating the establishment integration and adjustment of enterprise Party organizations Xiamen Port Trading organizes a study visit to the Xiamen Seawall Memorial Hall
and ensuring that all organizations that should be established are in place so as to achieve full coverage. In 2025 the Company promoted the
timely re-election of 19 primary-level Party organizations upon expiration of their terms. Advancing Party-building Brand Development
The Company has been committed to building a distinctive matrix of Party-building brands. It has continued to deepen the development of
Deepening Ideological and Theoretical Development existing brands such as "Pioneer of Ports and Vessels" "Ship Watchers" and "Party-building at the Helm Setting Sail at the Right Time". It has
also guided the Xiamen Port Trading to create the new "He Chang Tuan" Party-building brand based on its business characteristics giving full
The Company has strictly implemented the top-of-the-agenda system and the Party Committee theoretical study center group learning system play to its role as a "red node" in key links of the supply chain. Through a series of themed activities The Company has further enriched brand
to strengthen the Party's theoretical guidance. In 2025 it held a total of 37 top-of-the-agenda study sessions 20 theoretical study center group connotations and expanded brand influence. Among them the "Ship Watchers" Party-building brand was selected as a Party affairs training
study sessions and 20 exchange and discussion sessions. At the same time by relying on the "Xiamen Party Building e-Home" platform the case within Fujian's state-owned assets system and relevant experience from its development was shared and exchanged.Company has strengthened supervision and inspection of primary-level Party organizations in implementing the Three Meetings and One Lec-
ture dual organizational life of leading cadres and heart to heart talks and other systems. Governance Foundation Building:
Enhancing Operational Efficiency
In accordance with relevant laws and regulations such as the Company Law of the People's Republic of China the Securities Law of the Peo-
ple's Republic of China and the Code of Corporate Governance for Listed Companies the Company has formulated and implemented internal
management systems including the Articles of Association Rules of Procedure for Shareholders' Meetings Rules of Procedure for the Board of
Directors and Administrative Measures for the Authorization by the Board of Directors. It has established a modern corporate governance
structure with clear delineation of powers and responsibilities scientific and efficient operations coordinated functioning and effective checks
and balances. In addition the Company has standardized and advanced the performance of duties by the Shareholders' Meeting the Board of
Directors and the management and driven steady improvement in operating results through high-quality governance.The Board of Directors and Special Committees
The Company has continued to advance the standardized development of its Board of Directors fully implementing the Board's six core powers
and functions—decision-making over medium- and long-term development selection and appointment of management members performance
Xiamen Ocean Shipping Tally organizes a collective viewing of the military parade marking the Penavico Xiamen holds a joint youth patriotism education activity titled "Immersed in Glorious evaluation of management members compensation management of management members wage distribution management for employees
80th anniversary of the victory in the Chinese People's War of Resistance against Japanese Past Writing a New Chapter for the Iron Army" and management of major financial matters—and further improving the Board's operating mechanisms. External directors account for more
Aggression and the World Anti-Fascist War than half of the directors at the Company and its member enterprises thereby ensuring that the Board of Directors effectively performs its key
role in "setting strategies making decisions and preventing risks".
079080
2025年度2025 Environmental Social and Governance Report Governance
The Board of Directors has established a Strategic Development and ESG Committee an Audit Committee and a Nomination Remuneration
and Appraisal Committee. Each committee strictly performs its duties in accordance with relevant regulations and fulfills its respective respon- Diversity of the Board of Directors
sibilities providing professional support for the efficient and well-regulated operation of the Board of Directors
The Company has attached great importance to the diversity of its Board of Directors. The board members are diverse and complementary in
terms of age gender educational background professional experience career history and tenure which effectively enhances the rigor and
In 2025 comprehensiveness of decision-making.Assessment of Board Effectiveness
the Company held 3 shareholders' meetings at which 35 proposals were considered; 11 meetings of the Board of Directors at The Board of Directors submits an annual work report to the Shareholders' Meeting and solicits the views and suggestions of the Shareholders'
Meeting or shareholder representatives through various means including reporting to the Shareholders' Meeting. The Audit Committee of the
which 86 proposals were considered; 13 meetings of the special committees of the Board of Directors at which 59 proposals Board of Directors supervises the Company's directors and senior management in their compliance with laws and regulations the relevant
self-regulatory rules of the Shenzhen Stock Exchange the Articles of Association and in the performance of their corporate duties. It may
require directors and senior management to submit reports on the performance of their duties. If a director or senior manager is found to have
were considered; 6 special meetings of independent directors at which 42 proposals were considered; and 7 meetings of the violated relevant regulations the matter shall be reported to the Board of Directors or the Shareholders' Meeting or directly to the securities
42 regulatory authority.Board of Supervisors 7at which proposals were considered.
Committee Responsible for Risk Management
The Audit Committee of the Board of Directors supervises and guides the Company's audit department in conducting internal control inspec-
tions and evaluations and requires the audit department to assess risks in the key areas and critical aspects of the Company's internal control.Strategic The Audit Committee may periodically organize analyses of evaluation opinions and inspection results and any internal control deficiencies
Development Responsible for studying and making recommendations on the Company's medium- and long-term identified in the inspections shall be reflected in the internal control evaluation report.and ESG development strategies major investment decisions and material ESG issues.Committee Management
The Company's senior management is appointed by the Board of
Directors. With a sense of responsibility toward shareholders stake-
holders and the general public they diligently and faithfully perform
Supervise and evaluate the Company's internal audit work establish improve and implement the their fiduciary duties and fully assume their responsibilities for "strate-
internal audit system and guide the effective operation of the internal audit department; supervise gic operations effective implementation and strengthened manage-
and evaluate the Company's internal control and review the annual internal control assessment ment" to maximize the Company's long-term value. In 2025 the Audit
report; put forward recommendations on necessary measures or improvements and report to the Committee Company held a total of 36 management meetings and reviewed 153
Board of Directors; and perform the functions and powers of the Board of Supervisors as stipulat- matters related to production and operations.ed in the Company Law.Responsible for formulating the selection criteria and procedures for the Company's directors and Compensation Management
Nomination
Remuneration senior management and for shortlisting and reviewing candidates for such positions and their quali-
and Appraisal fications; responsible for formulating the performance appraisal criteria for the Company's directors The Company has established and implemented a standardized compensation management system that follows the principles of competitive-
Committee and senior management and conducting such appraisals; and responsible for formulating and ness fairness and incentivization and determines compensation levels based on a combination of factors such as position grade the Compa-
reviewing the remuneration policies and plans for the Company's directors and senior management. ny's operating performance and performance appraisals. The remuneration of directors shall be reviewed by the Nomination Remuneration
and Appraisal Committee and submitted to the Shareholders' Meeting for approval after deliberation by the Board of Directors; the remunera-
tion of senior management shall be reviewed by the Nomination Remuneration and Appraisal Committee and decided upon after deliberation
by the Board of Directors.The Company publicly discloses the remuneration of directors and senior management in accordance with the law to ensure transparency and
compliance in remuneration management.Election of Directors
The Company has adopted a cumulative voting system to elect candidates for directors. The Company's Board of Directors or shareholders
who individually or in aggregate hold more than one percent of the Company's issued voting shares may nominate candidates for directors.The Board of Directors is composed of nine directors including three independent directors. Independent directors actively perform their
duties participate in decision-making exercise supervisory and checks-and-balances functions and provide professional advice thereby effec-
tively safeguarding the overall interests of the Company and the rights and interests of minority shareholders.
7 The Company's Board of Supervisors was abolished in December 2025.
081 0822025 Environmental Social and Governance Report Governance
Compliant Operation: Organizational Structure and Division of Responsibilities for Compliance Management
Building a Solid Risk-control Barrier
The Company has deeply integrated the concept of "compliance as the foundation risk control as an enabler" into the entire chain of its gover-
As the primary person responsible for advancing the development of the rule of law
nance structure strategic planning and operations and has established an integrated management system featuring assured compliance
the principle head of the Company conscientiously performs his/her duties as a key
closed-loop internal control and controllable risks. By relying on high-level compliance it has consolidated the foundation for development;
organizer promoter and practitioner of lawful and compliant business operations and
through high-quality risk control it has safeguarded the implementation of its strategies thereby building a strong line of defense to enhance
management and actively boosts all aspects of compliance management; ensures
the Company's value creation capability and core competitiveness.Principal head of the Company that the compliance requirements for major business decisions are strictly followed
Internal Control and implemented within the enterprise thereby upgrading the overall level of lawful and compliant operations and management; improves the compliance review and
The Company has continuously improved its internal control system. It has formulated and implemented internal management regulations such management system for major business decisions to prevent and control compliance
as the Internal Audit System the Internal Control Inspection and Evaluation System the Rules for System Management and the Accountability risks; and promotes internal supervision and inspection to rectify unlawful and
Measures for Violations of Production and Operation Management Rules and Regulations. It has defined the responsibilities and specific tasks non-compliant business management practices.related to the evaluation of the internal control system urging all departments and affiliated enterprises of the Company to carry out self-in-
spection and self-evaluation in a timely manner and continuously strengthening and optimizing the internal control system.Internal Audit Compliance Management Coordinate and oversee compliance management efforts and study and resolve key
Committee and challenging issues.The Company has established an Audit Committee under the Board of Directors which is responsible for guiding and supervising internal audit
work reviewing the annual audit plan tracking the progress of audit implementation coordinating the relationship between internal and exter-
nal audits and reporting to the Board of Directors. As the functional department responsible for internal audit the audit department conducts
internal audit work independently and objectively under the direct leadership of the Company's Audit Committee of the Board of Directors. It
earnestly fulfills its audit supervision and service functions continuously supervises evaluates and inspects the effectiveness of the internal
control system safeguards the Company's compliant operations and promotes the continual improvement of corporate governance. Chief Compliance Officer and Organize coordinate and supervise compliance management efforts organize and
Compliance Management carry out compliance reviews of major business decisions and provide compliance
The Company has adhered to giving equal emphasis to audit rectification and issue identification. It has established a dynamic rectification Department support to all departments of the Company and its member enterprises.ledger management mechanism followed up monthly on the fulfillment of responsibilities and rectification progress compiled and reported on
rectification status on a quarterly basis and promoted information sharing and coordinated supervision and follow-up.In 2025 the Company carried out six special audits focusing on such objectives as risk prevention and control in supply chain operations
strengthened supervision of state-owned assets regulated operations of off-site enterprises and joint ventures cost reduction and efficiency Appoint compliance management liaisons who receive professional guidance and
improvement in key businesses and compliance management of the listed company. It also conducted two special inspections on major mat- training from the Compliance Management Department assist department heads in
ters such as related-party transactions provision of guarantees financial assistance and derivative transactions of the Company. Business and functional conducting compliance reviews of business management activities in their respective
departments departments or business areas proactively identify assess and respond to compli-
ance risks associated with major business decisions within their departmental respon-
Internal Control Measures sibilities or business domains and promote the deep integration of compliance man-
agement with business operations.System optimization mechanism Internal control evaluation Internal process streamlining
The Company has established and The Company has strictly implement- In 2025 the Company revised and
improved a dynamic system optimization ed the internal control management improved the Internal Control Manage-
mechanism organizing the Company requirements applicable to listed com- ment Manual streamlined 47 core
and its member enterprises to carry out panies organizing enterprises at all business processes and completed Compliance Mechanisms and Processes
internal management system evaluations levels to carry out internal control risk identification refinement of con-
every year formulating an annual plan self-evaluations and enhancing the trol points and process visualization
for "abolishing revising and establish- overall quality of self-evaluation by thereby providing systematic guidance
ing" systems and continuously enhanc- expanding the coverage of business for standardized internal control man-
ing the applicability and effectiveness of process evaluations optimizing the agement.its systems. In 2025 the Company evaluation indicator system and stan- Drawing on the practical experience of bulk cargo terminal operations the Company has devel-
formulated revised or abolished a total dardizing evaluation procedures. Special research oped the Compliance Guidelines for Terminal Bulk and General Cargo Operations to provide
of 59 systems and its member enter- compliance guidance for terminal enterprises and related personnel helping them navigate
prises formulated revised or abolished steadily through complex regulatory environments and business challenges.
1201 systems in total.
Compliant Operations
The Company has always operated in accordance with laws and regulations and in full compliance and taking into account its actual circum- To strengthen compliance management in key areas and at critical stages the Company has
stances and business characteristics made every effort to build a robust compliance management mechanism. It has strictly followed the rele- continuously improved its legal risk prevention mechanisms and internal control systems and Review
vant requirements of the Compliance Management Measures for Invested Enterprises issued by the State-owned Assets Supervision and strictly implemented compliance review mechanisms for economic contracts rules and regula- mechanism
Administration Commission of the People's Government of Fujian Province and has formulated and implemented institutional documents such tions major decisions and other matters.as the Compliance Management Measures the Management Measures for Compliance Review of Major Business Decisions and the Implemen-
tation Rules for the Management Measures for Compliance Review of Major Business Decisions. The Company has clarified the respective
responsibilities and boundaries of its compliance organizations improved the compliance operation system and focused on key areas to
strengthen supervision and accountability. With such efforts it has steadily pursued the management goals of organization-wide and compre-
hensive compliance and has enhanced its standardized operations in all respects. In 2025 the Company had no major violations.
083 0842025 Environmental Social and Governance Report Governance
Compliance Management Initiatives Risk Management
The Company has established a comprehensive risk management system and formulated and implemented institutional documents such as
Full coverage of compliance commitments: Diversified compliance promotion: the Risk Assessment Management Measures and the Rules for Reporting Major Business Risk Events. It has put in place and continuously
The Company has launched the online management function for the In 2025 the Company organized 33 law awareness promotion improved its risk management framework forming a multi-level multi-dimensional risk management mechanism to ensure the effective opera-
Compliance Commitment Letter and comprehensively promoted its lectures reaching approximately 860 participants; its legal staff con- tion of risk prevention and control.signing by employees at the headquarters and all member enterpris- ducted 13 themed law awareness promotion and exchange activities
es. In 2025 a total of 3418 Compliance Commitment Letters were targeting the operational pain points and challenges of member
signed strengthening all employees' awareness of compliance enterprises. At the same time through online and offline channels Organizational Structure and Division of Responsibilities for Risk Management
responsibilities. such as WeChat official accounts the official website bulletin boards
and themed meetings the Company has carried out law awareness
promotion campaigns on topics including the Civil Code intellectual
property integrity in business and the Constitution further deepen-
ing the concept of "industry–law integration" and consolidating the Board Determine the Company's comprehensive risk management strategy and overall objectives and supervise the
foundation of compliance awareness among all employees. of Directors construction of the Company's risk management system
Xiamen Port Development Holds a Special Law Awareness Promotion
Case Study: Lecture on "Contract Terms and Risk Identification in Logistics-Related Business"
On May 23 2025 the Company invited lawyers to deliver a
special law awareness promotion lecture titled "Contract Terms Management Review and deliberate on major decisions and key issues related to risk management and supervise the Com-
and Risk Identification in Logistics-Related Business." Based on pany's risk assessment work.real business scenarios the lecture focused on contract negoti-
ations key clauses and typical risks in common business con-
tracts in the logistics industry as well as contract notices and
defenses. It translated legal provisions into vivid case studies
and practical guidance providing clear and accessible explana-
tions. This further strengthened employees' awareness of legal
risk prevention and provided strong support for the Company
in standardizing contract management and building a solid line Audit Coordinate day-to-day risk management activities organize and conduct the Company's regular and special
of defense for business risk control. Department risk assessments collect risk information and consolidate the risk assessment results of each member enter-
prise.Case Study: Xiamen Port Development Organizes All functional
Compliance Training for Bulk and General Cargo Operations departments and Responsible for establishing the risk management mechanism of the department or the enterprise and for
subordinate carrying out day-to-day risk management activities.units
In 2025 focusing on bulk and general cargo operations the
Company carried out special compliance research to establish
a "research–guidance–training–feedback" closed loop and
strengthen the long-term compliance resilience of its terminal
operations. A total of four compliance training sessions were Risk Management Mechanisms and Processes
held throughout the year to further integrate the bulk and gen-
eral cargo business with legal practice and to continuously
strengthen the long-term compliance foundation of the termi-
nal operations. Based on the characteristics of the industry the Company has conducted tiered identification
prevention and control of the various risks involved in its daily operations and management
Risk identification including seven categories of primary risks: strategic risk financial risk market risk operation-
prevention and control al risk legal and compliance risk safety risk and information system risk. These seven catego-
ries have been further subdivided into 70 categories of secondary risks including investment
risk cash flow risk price risk logistics management risk environmental protection risk com-
pliance risk and information system security risk.
085 0862025 Environmental Social and Governance Report Governance
The Company has established a sound hierarchical structure and clearly defined authority and responsibility boundaries for anti-commercial
bribery and anti-corruption management and supervision. It has clarified the primary responsibility of the Party Committee the supervisory
The Company has carried out regular and special risk assessments collected risk information responsibility of the Discipline Inspection Commission the duties of the Party Organization Secretary as the person with overall responsibility
Risk assessment guided and organized routine internal control inspections and evaluations and consolidated and the "one position with dual responsibilities" system for the leadership team. The Company has also established a "comprehensive supervi-
the internal control evaluation and risk assessment results of each member enterprise. sion" mechanism involving coordinated efforts among multiple departments including discipline inspection audit finance and legal affairs to
achieve full ongoing and regular supervision. By implementing mechanisms such as having discipline inspection and supervision leaders
attend important meetings the Company has ensured that oversight is embedded throughout the entire governance process.The Company has formulated the Rules for Reporting Major Business Risk Events improving Deepening Integrity-based Governance
the closed-loop control mechanism for major business risks and clarifying the risk reporting
process and handling requirements. With such efforts it has strived to ensure the timely The Company's Party Committee conducted two special sessions on improving Party conduct upholding integrity and combating corruption
adoption of response measures to effectively prevent and mitigate major business risks. At the carried out one dedicated investigation on the political ecology and issued the Guiding Opinions on Improving Party Conduct Upholding
Risk response same time based on the results of risk analysis and taking into account risk tolerance the Integrity and Combating Corruption for 2025 to consolidate the institutional foundation for integrity-based governance. It strictly reviewed 143
Company has weighed risks against returns determined risk response strategies and made "Three Major and One Significant" matters and rigorously guarded the political threshold for personnel selection and appointment issuing
comprehensive use of risk avoidance risk reduction risk sharing risk retention and other integrity opinion certifications for 486 people and updating the integrity files of 194 officers to produce accurate integrity profiles of officers.response measures to achieve effective risk control. Keeping a close watch on key holidays it conducted 5 inspections on the implementation of the eight-point decision on improving Party and
government conduct promoted 46 standardized inspections by member enterprises and continued to strengthen the line of defense in
work-style development.The Company has prioritized strengthening risk management and control for its port logistics
supply chain business building a three-tier risk control system and establishing a scientific Supervision in Key Areas
hierarchical management model for special risks in key businesses. In 2025 the port logistics
supply chain business management team conducted special reviews on key risk items such as Focusing on special rectification the Company has carried out in-depth investigations into issues such as "using the enterprise for personal
new cargo businesses major business contracts and credit for key customers to effectively gain" and conducted 11 cross-checks on loss-making projects and materials procurement. Through data-driven supervision the Company has
enhance the accuracy of risk prevention and control in key businesses. set up the procurement platform with "early warning data" such as identical supplier quotation IP addresses and the same legal representative.Over the course of the year more than 1600 early warning items were reviewed effectively preventing violations such as bidding collusion. At
Key business The Company has strengthened its ex-ante control over the same time supervision of overseas operations was strengthened and a special campaign was launched to investigate whether overseas
management and control commercial and trade operations by establishing a mech- enterprises use commissions and intermediary fees to seek improper benefits and to identify related corruption risks.anism for appointing external risk control committee
members to its subordinate commercial and trade enter-
prises. These committee members are deeply involved in Building an Integrity Culture
the ex-ante review and assessment of the business opera-
tions credit arrangements and risk response at these Focusing on four major themes—"Integrity Promotion Reading for Probity Family Values Education and Warning Education"—the Company
enterprises thereby moving risk management for com- has continued to carry out the Integrity Education Month campaign shifting its educational approach from broad-based "flood irrigation" to
mercial and trade activities further upstream. Xiamen Port Trading carries out a special targeted "drip irrigation". For the management it has focused on warning education against job-related crimes; for middle-level officers it has
training program on "Foreign Trade Customs
Clearance Practices and Related Risk strengthened guidance on cultivating sound family values; and for young employees it has emphasized developing integrity awareness there-
Prevention and Control" by helping personnel in key positions improve their ability to identify risks. In 2025 a total of 25 activities were carried out including visits to
integrity education bases sharing sessions on family values "Qingfeng" reading clubs special lectures and open discussions reaching 3066
participants.Integrity-based Governance:
Regulating Business Conduct
The Company has adhered to the principle of exercising full and strict governance over the Party as its guiding principle systematically advanc-
ing efforts against commercial bribery corruption and unfair competition and embedding integrity throughout the entire processes of deci-
sion-making operations and oversight. By improving its institutional framework strengthening organizational support refining operating mecha-
nisms and implementing concrete measures the Company has continued to foster a clean fair orderly and law- and compliance-based busi-
ness environment.Anti-commercial Bribery and Anti-corruption
In accordance with the requirements of relevant laws and regulations including the Regulations on Disciplinary Actions of the Communist
Party of China the Several Provisions on Integrity of Leaders in State-owned Enterprises and the Code of Conduct for Integrity and Self-disci-
pline of the Communist Party of China the Company has fully integrated anti-commercial bribery and anti-corruption requirements into its
governance structure strategic planning and all aspects of operations. The Company has actively leveraged the core value of safeguarding the
Company's integrity protecting its assets and maintaining the trust of stakeholders and used its image of integrity and compliance to
enhance brand value and support long-term development thereby honoring its responsibility commitments to investors and to society.The Company organizes the principal leaders and members of the leadership teams of its The Company organizes officers and key personnel to visit the Yan's Family Values and
enterprises to visit the Xiamen Party Conduct and Integrity Education Center for study and Family Instructions Hall
learning
087 0882025 Environmental Social and Governance Report Governance
Investor Relations Management
The Company has attached great importance to investor relations management and actively safeguarded investors' rights and interests. It has
formulated the Regulations on Information Disclosure Management and the Regulations on Investor Relations Management conscientiously
prepared and disclosed periodic reports and various temporary announcements and designated the General Office of the Board of Directors as the
centralized management department responsible for investor relations activities and daily affairs. The Company has established an investor relations
management system characterized by active engagement by the management horizontal coordination and vertical cooperation.Diverse Communication Mechanisms
The Company has actively communicated with investors especially small and medium-sized investors in a timely and effective manner
Xiamen Ocean Shipping Tally organizes the "2025 Integrity Classroom" through shareholders' meetings performance briefings the Shenzhen Stock Exchange's "Hu Dong Yi" platform on-site visits and hotline calls.It has listened to investors' opinions and suggestions responded promptly to their concerns strengthened day-to-day investor relations man-
agement and established mechanisms for soliciting and responding to investor feedback. In this way the Company has proactively promptly
and thoroughly understood investors' needs and provided targeted responses while regularly conveying market concerns to directors and
senior management to foster two-way communication between the market and the Company.Efficient Information Disclosure
Information disclosure is an important channel for investors and the general public to obtain information about listed companies and for com-
panies to maintain sound interactions with investors. The Company has complied with relevant regulatory rules and requirements continuously
improving the quality of its information disclosure and ensuring that the information disclosed is true accurate complete timely and fair so
that investors can keep abreast of important matters in the Company's day-to-day operations. In 2025 the Company issued a total of 204
disclosure documents received the highest grade A in the annual information disclosure evaluation of the Shenzhen Stock Exchange for the
second consecutive year.Financial information disclosure: Non-financial information disclosure:
The Company has established strict systems for financial manage- The Company has established a multi-layer review mechanism com-
ment financial reporting and information disclosure management prising "drafting by functional departments – review by securities
thereby reinforcing the compliance baseline and quality founda- affairs representatives – review by the Board Secretary" as well as a
tion of its financial information disclosure. In 2025 the Company joint review mechanism for major announcements while simultane-
in compliance with applicable regulations disclosed four periodic ously strengthening the management of insiders to ensure rigorous
Xiamen Port Trading organizes an integrity warning education visit and study activity financial reports. and standardized disclosure of non-financial information. In 2025 the
Company issued a total of 35 temporary announcements.Anti-unfair Competition
The Company has abided by the principle of fair competition operated in strict compliance with the law and strictly observed laws and regu- Shareholder Rights and Interests Protection
lations such as the Law of the People's Republic of China Against Unfair Competition the Anti-Monopoly Law of the People's Republic of The Company has always prioritized safeguarding shareholders' legitimate rights and interests with particular emphasis on ensuring the equal
China and the Regulations on Fair Competition Review. It has resolutely opposed any form of unfair competition and effectively safeguarded a status of minority shareholders. In the process of convening and holding shareholders' meetings the Company has strictly complied with the
healthy industry ecosystem and market order. Articles of Association the Rules of Procedure for Shareholders' Meetings and other relevant regulations to ensure that the procedures for
convening the conduct of the meeting the qualifications of participants and the voting procedures are lawful and compliant and that the
The Company has been committed to integrity continuously enhancing service quality and professional standards building a trustworthy voting results are authentic and valid. At the same time the Company has placed particular emphasis on protecting the rights and interests of
brand image and strengthening customer loyalty. At the same time the Company has established and continuously improved its trade secret small and medium-sized investors specifying voting mechanisms such as separate vote counting and cumulative voting and providing online
protection mechanisms signing confidentiality undertakings with employees and entering into confidentiality agreements with partners to voting channels for small and medium-sized investors.jointly safeguard the security of commercial information.When the shareholders' meeting votes on proposals lawyers and shareholder representatives are jointly responsible for counting and scrutiniz-
In terms of investment and procurement management the Company has strictly implemented relevant policies and procedures to ensure the ing the votes. The lawyers simultaneously issue legal opinions on key matters including whether the procedures for convening and holding the
independence and fairness of decision-making and procurement and to prevent any form of unfair competition. Through ongoing integrity shareholders' meeting comply with laws administrative regulations and the Articles of Association whether the voting procedures at the
education and compliance training the Company has strengthened employees' awareness of integrity and self-discipline and fostered a clean meeting are proper and whether the voting results are lawful and valid and these legal opinions are disclosed together with the resolutions of
and upright business environment. the shareholders' meeting. In addition the Company has established a mechanism that allows minority shareholders to nominate directors
effectively safeguarding the participation and oversight rights of small and medium-sized investors and further enhancing the fairness and
In 2025 the Company was not subject to any lawsuits or major administrative penalties arising from unfair competition. The Company has transparency of corporate governance.ensured that all business activities are conducted within the legal framework and safeguards its legitimate rights and interests as well as
market order through multiple efforts including complying with laws and regulations regulating market conduct protecting trade secrets The Company has firmly established a sense of respect for investors actively responded to Shenzhen Stock Exchange's "Quality and Return
standardizing investment and procurement and providing education and training. Double Improvement" action plan improved shareholder returns increased the frequency of cash dividends and shared the Company's devel-
opment results with investors in a timely manner. In 2024 the Company's dividend payout ratio was increased to 40.12%. In 2025 a total of
Balanced Rights and Interests: RMB 63.05 million in semi-annual and third quarter cash dividends was distributed. As planned by the Company after the issuance of new
Achieving Win-win Outcomes for All Parties shares for asset purchase by issuing shares was completed it would implement the 2025 profit distribution plan according to the Articles of Association the Announcement on Promoting the Implementation of the "Quality and Return Double Improvement" Action Plan and other
dividend plans.The Company has adhered to the philosophy of "balanced rights and interests win-win outcomes for all parties" strengthening investor
relations management and safeguarding investors' right to information through high-quality information disclosure. It has protected the
rights and interests of shareholders especially minority shareholders by standardizing the operation of shareholders' meetings and imple- Protection of Creditors' Rights and Interests
menting dedicated rights protection mechanisms. It has honored its commitments and protected the interests of creditors and through
sound corporate governance consolidated a solid foundation for win-win development for all stakeholders. The Company has strictly complied with relevant laws and regulations effectively protected creditors' legitimate rights and interests faithfully
observed credit cooperation agreements and repaid principal and interest in full and on time while duly paying all taxes and fees. In 2025 the
Company had no adverse credit records and no debt defaults. With its strong credit profile and solid financial performance the Company was
assigned an AAA long-term issuer credit rating in 2025. In 2025 the Company did not issue any bonds for financing.
089 090Looking ahead to 2026
With stars as our destination the quest is boundless. Though challenges loom like chasms the heart
builds bridges across.The year 2026 marks the beginning of the "15th Five-Year Plan" a pivotal year for advancing and
deepening the reform of state-owned enterprises and a crucial period for propelling listed companies
towards high-quality development after major asset restructuring.In the coming year the Company will thoroughly implement the spirit of the 20th CPC National Con-
gress and subsequent plenary sessions focus on the directives issued at the central provincial and
municipal economic work conferences cultivate new advantages in integrated port shipping and
trade development continue building the new southeast land-sea corridor and strive to secure the
opening victory for high-quality development under the "15th Five-Year Plan".In the coming year the Company will leverage major asset restructuring as an opportunity and be
guided by its strategy of integrated port shipping and trade development. We will accelerate the
deep integration and internal synergy between container terminals and bulk and general cargo termi-
nals as well as port logistics and supply chain resources. This will strengthen and expand our core
business areas enhance resource allocation efficiency deliver greater returns to shareholders and
improve the quality and investment value of listed companies.In 2026 let us move forward with courage boundless energy and relentless drive upholding the
principle of steady progress while enhancing quality and efficiency. Together we will lay a solid foun-
dation for the Company's high-quality development during the "15th Five-Year Plan" period. We will
demonstrate our role as a state-owned enterprise by breaking through challenges seizing market
opportunities consolidating our foundation through innovation and reform and actively participating
in Xiamen's pursuit of socialist modernization. In doing so we will contribute to solidifying the city's
role as a critical hub and channel in the domestic and international dual circulation.
091 0922025 Environmental Social and Governance Report Appendix
Appendix
Independent Assurance Statement
093 0942025 Environmental Social and Governance Report Appendix
095 0962025 Environmental Social and Governance Report Appendix
097 0982025 Environmental Social and Governance Report Appendix
ESESG数据和附注 G Data and Notes
Environmental Performance
Indicator Unit 2025 Indicator Unit 2025
Total water consumption ton 1421523.07 Wastewater discharge ton 120078.95
Fresh water consumption ton 1246398.07 Production wastewater discharge ton 15999.00
Water resource
utilization Reclaimed water reuse amount ton 175125 Pollutant discharge Domestic wastewater discharge ton 104079.95
Water recycling and reuse rate % 12.32 Chemical oxygen demand (COD) ton 0.53
Water consumption per RMB 1 million of revenue ton 64.24 Ammonia nitrogen (NH3-N) ton 0.02
Total energy consumption tce 28413.17 Wastewater discharge per RMB
1 million of revenue ton/RMB 1 million of revenue 5.43
Gasoline consumption ton 113.22 Disposal volume of general industrial solid waste ton 908.66
Diesel consumption ton 15831.41 Scrap iron (disposal volume) ton 222.75
Photovoltaic (power generation) 10 MWh 2376.62 Discarded steel wire ropes (disposal volume) ton 379.96
Energy utilization Photovoltaic (cumulative power consumption) 10 MWh 594.998 Waste treatment Waste wood (disposal volume) vehicle 23
Purchased electricity (external procurement) 10 MWh 3617.937 Domestic waste (disposal volume) m3 4880.48
Renewable energy consumption tce 731.25 Ship waste (disposal volume) ton 35.04
Share of renewable energy consumption % 2.57 Obsolete electronic equipment (disposal volume) pcs 8
Energy consumption per RMB 1 million of revenue tce 1.28 Used tires (disposal volume) pcs 4279
Total material consumption ton 656.54 Disposal volume of hazardous waste
(waste oil waste oil filters waste batteries etc.) ton 64.99
Consumption of non-renewable materials ton 656.54 Total GHG emissions tCO?e 64581.98
Consumption of toxic and hazardous materials ton - Scope 1 emissions
Circular economy tCO?e 49343.65GHG emissions
Usage of packaging materials ton - Scope 2 emissions tCO?e 15238.33
Usage of recyclable packaging materials ton - GHG emission intensity per RMB 1 million of
revenue (Scope 1 + Scope 2) tCO?e 2.92
Usage of non-recyclable packaging materials ton -
Total investm1 ent in environmental protection 1 RMB 10000 16618.07
Proportion of total investment in environmental
Environmental protection to revenue
%0.75
compliance Administrative penalties imposed by the
management environmental protection department (non-major) case 1
Amount of administrative penalties by RMB 10000 1.9
environmental protection department
Major environmental events case 0
The main reasons for the Company's total investment in environmental protection reaching RMB 166.18 million in 2025: (1) two additional
new energy vessels purchased by Xiamen Port Shipping; (2) new coal shed construction at Shihushan Terminal.
099 1002025 Environmental Social and Governance Report Appendix
Social Performance
Indicator Unit 2025 Indicator Unit 2025
Total number of employees person 4631 Employee Number of employees covered by social insurance person 4631
compensation
Number of employees of minority
person 71 and benefitsethnic groups Social insurance coverage rate % 100
Including:
Employees with disabilities person 15 Spending on employee education RMB 10000 179.79
Male person 3690 Average training investment per employee RMB 10000 0.05
By gender
Female person 941 Number of training sessions held session 1092
Aged 35 and below person 1405 Number of employees trained person 3628
By age group Aged 35-45 (inclusive) person 1584 Male person 2771
Employee By gender
Aged above 45 development person 1642 and training Female person 857
Production Senior management person 3434 (including that of member enterprises) person 57
By management
Sales person 147 level Middle management person 383
By function
Technic person 386 Junior employees person 3188
Finance person 122 Total duration of employee training hour 50459
Employee
recruitment Administration person 542 Average training time of employees hour 13.91
and
employment
With a master's degree and above person 142 Employee training investment per RMB 1 million of revenue RMB 10000 0.0081
By educational With a bachelor's degree person 1101
Number of enterprises that meet work safety standardization Nr.requirements 25
background
With an associate's degree person 1079 Expenses on work safety RMB 10000 2638.64
With a high school diploma or below person 2309 Proportion of expenses on work safety to operating revenue % 0.12
Total number of new hires person 194 Number of safety training sessions number of times 1233
Male person 152 Employee Duration of safety training (only safety protection training) hour 5315
By gender health and
safety
Female person 42 Number of participants in safety training person 32485
Fresh graduates person 53 Average safety training hours per employee hour 1.15
By recruitment
channel Recruited through social channels person 140
Number of employees covered by occupational injury insurance
(work injury insurance) person 4631
Recruited through internal recruitment Number of employees eligible to purchase insurance
and transfers person 1 (work injury insurance) person 4631
Signing rate of labor contracts % 100 Amount invested in work safety liability insurance RMB 10000 54
Number of unresolved labor dispute cases case 1
Number of employees leaving voluntarily person 90
Employee turnover rate % 2
101 1022025 Environmental Social and Governance Report Appendix
I指nd标ic名at称or 单Un位it 2 2002255年 Indicator Unit 2025
Number of employees covered by work safety liability insurance person 2616 Cumulative number of invention patents case 3
Number of work safety accidents case 0 Cumulative number of utility model patents case 12
Number of victims of work injuries person 21 Number of newly granted software copyrights case 9
Intellectual
Work injury rate % 0.45 property Cumulative number of software copyrights case 64
Employee Total number of valid patents LTIFR (lost time injury frequency rate) % 2.29
health (including utility model patents and invention patents) case 9
and
safety Lost days due to work injuries day 1554 Number of valid patents per RMB 1 million of revenue case 0.0004
Lost days due to work injuries per RMB 1 million of revenue day 0.07 Total number of software copyrights per RMB 1 million of revenue case 0.0029
Number of deaths in the line of duty per RMB 100 million
of revenue person 0 Number of suppliers Nr. 3084
Number of cases of occupational disease person 0 Number of suppliers reviewed Nr. 1717
% Cumulative number of suppliers added to the blocklist for Incidence rate of occupational diseases 0 non-compliance Nr. 64
Employee Frequency of employee participation in democratic Number of suppliers newly added to the blocklist for
democratic management activities Nr. 47 Supplier Nr. 10management non-compliancemanagement
Funds invested to support employees in need RMB 10000 32.4 Number of suppliers certified to ISO 9000 Nr. 234
Employee care
and assistance Number of employees in need who received assistance person 71 Number of suppliers certified to ISO 14000 Nr. 196
Number of employees in need who received assistance person 0.0032 Number of suppliers certified to ISO 45001
per RMB 1 million of revenue Nr. 281
Amount involved in major safety and quality liability incidents related to RMB 10000
products and services during the reporting period 0 Number of suppliers that have signed the Integrity Agreement Nr. 718
Equal treatment
Proportion of recalled products % Not involved Amount of overdue payments to SMEs at the end of the of SMEs reporting period RMB 10000 0
Product pass rate upon delivery % Not involved Amount of social donations RMB 10000 105
Product and
service quality Number of customers participating in satisfaction surveys Nr. 443 Total number of public welfare activities Nr. 149
and assurance
Social public
Customer satisfaction (weighted average of participating units) % 98.96 welfare Total number of volunteers participating in public welfare activities person 1436
Number of customer complaints case 0 Duration of volunteer participation in public welfare activities hour 5209
Number of customer complaints per RMB 1 million of revenue case 0 Time invested in community investment initiatives hour 234
Rural
Amount involved in data security incidents RMB 10000 0 revitalization Investment in rural revitalization (consumption-based assistance) RMB 10000 230
Data security
and customer Amount involved in customer privacy breach incidents RMB 10000 0 Taxes paid
privacy Total taxes paid during the reporting period
RMB 10000 25467.32
protection
Number of customer privacy breach incidents case 0 Social 2contributions Social contribution RMB 10000 163871
R&D investment RMB 10000 189.45 2 Social contribution refers to the sum of the Company's net profit employee compensation taxes paid donation expenditure and various
interests paid to banks and other creditors in 2025.Innovation Ratio of R&D investment to revenues % 0.01
and R&D
Number of R&D personnel person 14
Proportion of R&D personnel % 0.30
103 1042025 Environmental Social and Governance Report Appendix
Governance Performance
Indicator Unit 2025 Indicator Unit 2025
Number of meetings of the Company's Party Committee Nr. 37 Proportion of external directors % 88.89
Party building Number of Party branches Nr. 49 Proportion of independent directors % 33.33
leadership
Number of Party members Nr. 803 Proportion of female directors % 11.11
Topics approved by the Company's Party Committee
(including preliminary research) Nr. 170 Average tenure of directors year 4.83
Board of Directors Nr. 11 Attendance rate of directors % 100
Audit Committee Nr. 8 Turnover rate of directors % 11.11
Meetings Nomination Remuneration
held and Appraisal Committee Nr. 1 Board of Supervisors7 Number of supervisors person 5
Strategic Development and
ESG Committee Nr. 4 Male person 4
By gender
Board of Supervisors Nr. 7 Female person 1
Shareholders' Meeting Nr. 35 Aged 35 and below person 0
Board of Directors Nr. 86 By age group Aged 36-50 (inclusive) person 2
Review of Audit Committee Nr. 18 Aged above 50 person 3
proposals
Nomination Remuneration
and Appraisal Committee Nr. 1 Proportion of external supervisors % 60
Directors Strategic Development and
ESG Committee Nr. 40supervisors Proportion of employee supervisors % 40
and senior
management Board of Supervisors Nr. 42 Average tenure of supervisors year 3.25
Board of Number of directors
Directors person 9 Number of senior Senior management person 5management members
Male person 8
By gender Male person 4
Female By genderperson 1 Female person 1
Aged 35 and below person 0 Aged 35 and below person 0
By
age group Aged 36-50 (inclusive) person 2 By age group Aged 36-50 (inclusive) person 3
Aged above 50 person 7 Aged above 50 person 2
Doctorate person 1 Average tenure of senior management members year 5.25
By
educational Postgraduate person 6 Number of anti-commercial bribery and
background anti-corruption training sessions
Nr. 144
Bachelor's degree and below person 2 Total number of participants in anti-commercial
Anti-commercial bribery and anti-corruption training person 9609
bribery and
anti-corruption Management person 125
Including:
Employees person 9484
7
The Company's Board of Supervisors was abolished in December 2025.
105 1062025 Environmental Social and Governance Report Appendix
Definitions
Indicator Unit 2025
Abbreviated Company Name Full Company Name
Number of law-abiding and compliance training sessions Nr. 15
Compliance Xiamen Port Development the Company or we/us Refers to Xiamen Port Development Co. Ltd.Duration of law-abiding and compliance training hour 34
Total number of participants in law-abiding and
person 535 Shihushan Terminal Refers to Xiamen Port Group Shihushan Terminal Co. Ltd.compliance training
Amount involved in litigation or major administrative Hailong Terminal Refers to Xiamen Hailong Terminal Co. Ltd.penalties due to the Company's unfair competition RMB 0
during the reporting period
Chaozhou Port Development Refers to Chaozhou Port Development Co. Ltd.Anti-unfair Number of major lawsuits Nr. 0 Gulei Port Development Refers to Zhangzhou Gulei Port Development Co. Ltd.competition
Number of arbitration matters Nr. 0 Huajin Terminal Refers to Shishi City Huajin Terminal Storage and Transportation Co. Ltd.Number of penalties for violations Nr. 0
Xiamen Haihong Petrochemical Terminal Refers to Xiamen Haihong Petrochemical Terminal Co. Ltd.Total amount of penalties for violations RMB 0
Haixiang Terminal Refers to Xiamen Port Haixiang Terminal Co. Ltd.Number of roadshows Nr. 1
Xiamen Port Shipping Refers to Xiamen Port Shipping Co. Ltd.Number of investor meetings Nr. 2
Gulei Tugboat Refers to Zhangzhou City Gulei Tugboat Co. Ltd.Number of investor visits received person 3
Penavico Xiamen Refers to China Ocean Shipping Agency Xiamen Co. Ltd.Number of platform responses Nr. 31
Investor Number of investor calls answered Nr. 50 Xiamen Penavico Customs Broker Refers to Xiamen Penavico Customs Broker Co. Ltd.relations
management
Number of periodic reports disclosed Nr. 4 Xiamen Penavico International Freight & Forwarding Refers to Xiamen Penavico International Freight & Forwarding Co. Ltd.Number of temporary announcements issued Nr. 200 Xiamen Ocean Shipping Tally Refers to Xiamen Ocean Shipping Tally Co. Ltd.Number of shareholders' meetings held Nr. 3 Xiamen Ocean Shipping Tally Sanitation and Refers to Xiamen Ocean Shipping Tally Sanitation and Quarantine Technical Services Co. Ltd.Quarantine Technical Services
Number of cash dividend distributions
(actually issued during the reporting period) Nr. 2 Xiamen Port Logistics Refers to Xiamen Port Logistics Co. Ltd.Amount of cash dividends distributed
(actually issued during the reporting period) RMB 10000 8159.90 Xiamen Port Logistics Bonded Refers to Xiamen Port Logistics Bonded Co. Ltd.Xiamen Port Transportation Refers to Xiamen Port Transportation Co. Ltd.Xiamen Port Trading Refers to Xiamen Port Trading Co. Ltd.Xiamen Port Haiheng Industrial Refers to Xiamen Port Haiheng Industrial Co. Ltd.Xiamen Penavico Air Freight Refers to Xiamen Penavico Air Freight Co. Ltd.Xiamen Penavico Navigation Refers to Xiamen Penavico Navigation Co. Ltd.Quanzhou Xiagang Tugboat Refers to Quanzhou Xiagang Tugboat Co. Ltd.Guotou Xiagang Refers to Guotou Xiagang Hainan Tugboat Co. Ltd.Zhangzhou Haiming Refers to Zhangzhou Haiming Logistics Co. Ltd.
107 1082025 Environmental Social and Governance Report Appendix
Indicator Index Reader Feedback Form
Chapter ESG Indicator System for Sustainability DisclosureCentral Enterprises Guidelines for Stock Exchanges
Dear readers
ESG Governance:
Anchoring Sustainable Development — Stakeholder communication
Charting a New Long-term Blueprint due diligence
Greetings.Thank you for reading the ???? Environmental Social and Governance Report of Xiamen Port Development Co. Ltd.Climate Governance: E3.1;E3.2;E3.3;E3.4;E5.1; Addressing Climate Change If you have any comments or suggestions please feel free to let us know for our continuous improvement in
Leading the Low-Carbon Transition E5.3;E5.4 sustainable development management.Environment: Compliance First:
Practicing Green Strengthening Environmental E3.2;E4.1;E5.4;E5.5;E5.6 Environmental compliance management
Development and Governance ecosystem and biodiversity conservation Multiple-choice questions (please tick "√" in the appropriate box)
Building an
Ecological Future Resource Intensification: Energy utilization water resource
Together Improving Utilization Efficiency E1.1;E1.2;E1.3;E1.4;E5.2 utilization circular economy
Systematic Prevention and Control: ?．Your relationship with Xiamen Port Development Co. Ltd.Deepening Pollution Management E2.1;E2.2;E2.3 Pollutant discharge waste treatment
□ Governmen □ Investor □ Employee □ Customer □ Supplier/Contractor
Standardized Management:
Enhancing Employee Protection S1.1;S1.2;S1.3;S1.5 Employees
Society: Talent Empowerment: □ Partner □ Industry peer □ Community member/Public □ Media □ Non-governmental organization
Fulfilling Social Growing Together with Employees S1.4 Employees
Responsibilities
and Co-creating Safety Foundation: □ Other (please specify)
Shared Value Safeguarding Occupational S1.3 Employees
Health
Responsibility Fulfillment: Making
Positive Contributions to Society S4.1;S4.2;S4.3;S4.4 Rural revitalization social contribution ?.Your overall assessment of this report
Innovation-driven Growth: Innovation-driven development
Leading the Future with Technology S2.3 technology ethics □ Excellent □ Good □ Fair □ Relatively poor □Poor
Innovation: Quality Service:
Leveraging Rigorously Controlling S2.1;S2.2 Product and service safety and quality
Technology to Product Quality
Drive Growth Security Management: Data security and customer privacy
?.Do you think the structure of this report is reasonable
Ensuring Data Security S2.2 protection
Responsible Supply: Supply chain security equal treatment □ Very reasonable □ Reasonable □ Average □ Relatively unreasonable □ Unreasonable
Co-building a Sustainable Ecosystem S3.1;S3.2 of SMEs
Party Building as the Guiding Force
Pooling Strength for Development G1.1 — ?.To what extent is the information you are concerned about disclosed in this report
Governance: Governance Foundation Building:
Improving Corporate Enhancing Operational Efficiency G1.1;G1.2;G1.3 —
Governance and □ Very comprehensive □ Quite comprehensive □ Partially covered □ Hardly covered □ Not coveredCompliant Operation:
Consolidating the Building a Solid Risk-control Barrier G2.1;G5.1;G5.2 —
Foundation for
Development Integrity-based Governance: Anti-commercial bribery and
Regulating Business Conduct G2.2;G2.3 anti-corruption anti-unfair competition ?.What other information of concern to you do you think has not been reflected in this report
Balanced Rights and Interests:
Achieving Win-win Outcomes for G3.1;G3.2;G3.3;G4.1;G4.2 —
All Parties
?.Your suggestions on the ESG report of the Company
109 1102025 Environmental Social and Governance Report Appendix
Disclaimer
The information contained in this report does not constitute investment advice. Investors
should not rely on such information as a substitute for their own independent judgment or
make decisions based solely on such information. The Company accepts no liability for any
loss arising or that may arise from the use of the information contained in this report. The
information published by the Company is true and accurate. In the event of any inconsistency
with the statutory disclosure documents the statutory disclosure documents shall prevail.Any forward-looking statements contained in this report do not constitute a constraint on the
Company's future actions. The Company is under no obligation and assumes no responsibility
to revise any forward-looking statements (if any) contained in this document.The copyright of the images belongs to the original authors. If any infringement is identified
please notify us and we will delete it.
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