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SUSTAINABILITY REPORTAbout This Report Reference Terminology Company / Business Unit Terminology Company / Business Unit Container PET bottle and preform business, Hubei Zidan Hubei Zidan Food Packaging & PrintingReport Overview Packaging including Shanghai and regional Food Co., Ltd. Business Unit subsidiaries Ziquan Label Shanghai Ziquan Label Co., Ltd.This is the second Sustainability Report issued by Shanghai Zijiang Enterprise Group Co., Ltd. (“Zijiang Enterprise,” Zidan Food, Zidan Packaging Paper Packagingthe “Company,” or “we”). It outlines the Company’s sustainability actions and progress during the reporting period. Technology, Zidan Printing, including Shenyang Shenyang Ziquan Beverage Industry Co., Business Unit Shanghai and regional subsidiaries Ziquan Beverage Ltd.Prior to this, we had published ESG reports for four consecutive years. This report presents our strategic progress,management practices, and performance on sustainability matters in response to stakeholder concerns. Crown Caps & Ziquan Packaging, Ziquan Label, Guilin Ziquan Guilin Ziquan Beverage Industry Co., Ltd. Labels Business including Shanghai and regional Beverage Unit subsidiaries Zidan Packaging Shanghai Zidan Packaging Technology Beverage OEM Ziquan Beverage, including Shanghai Technology Co., Ltd. Business Unit and regional subsidiaries Shanghai Zidan Food Packaging &Scope of the Report Zidan Food ZIRI Packaging, including Shanghai and Printing Co., Ltd. ZIRI Packaging regional subsidiaries Shaanxi Ziquan Shaanxi Ziquan Beverage Industry Co.,This report covers Shanghai Zijiang Enterprise Group Co., Ltd. and its subsidiaries, consistent with the scope of Zijiang Color Shanghai Zijiang Color Printing & Beverage Ltd.entities consolidated in the financial statements. It describes the Company’s sustainability management practices Printing Packaging Co., Ltd. Shenyang Zijiangfor the period from 1 January, 2025 to 31 December, 2025 (the “reporting period”). To enhance completeness, Shenyang Zijiang Packaging Co., Ltd. Anhui Zijiang Anhui Zijiang Composite Material Packagingcertain statements and data may, where necessary, refer to previous years. Composite Technology Co., Ltd. Guangdong ZIRI Guangdong ZIRI Packaging Co., Ltd Shanghai Zijiang Metallization ZJMP Environmental Protection Material Co., Ltd. Meishan Zijiang Meishan Zijiang Packaging Co., Ltd. Shanghai Ziyan Alloy Application Hubei ZidanBasis of Preparation Ziyan Alloy Hubei Zidan Packaging Technology Co., Technology Co., Ltd. Packaging Ltd. TechnologyThis report has been prepared in accordance with the relevant requirements of the Self-Regulatory Guidelines Shanghai Zidong Nylon Material Zidong Nylon Technology Co., Ltd. Tangshan Zijiang Packaging MaterialsNo. 14 for Listed Companies of the Shanghai Stock Exchange — Sustainability Reports (Trial), with reference to Tangshan Zijiang Co., Ltd.the GRI Standards, the United Nations Sustainable Development Goals (UN SDGs), and the Task Force on Climate- Zijiang Int"l Shanghai Zijiang International Trading Trade Co., Ltd. Shenyang ZIRIrelated Financial Disclosures (TCFD). It also reflects the sustainability priorities of investors, customers, and the Shenyang ZIRI Packaging Co., Ltd. Packagingindustry, so that the disclosures respond to the information needs of key stakeholders. Zihua Shanghai Zihua Film Technology Co., Ltd. Technology Sichuan ZIRI Sichuan ZIRI Packaging Co., Ltd. Packaging Nanjing Zile Nanjing Zile Beverage Industry Co., Ltd. Qionglai Zijiang Qionglai Zijiang Packaging Products Co., Shanghai Ziquan Beverage Industry Co., Packaging Ltd.Data Reliability Declaration Ziquan Beverage Ltd. Xi’an Zijiang Xi’an Zijiang Enterprise Co., Ltd.The information disclosed in this report is primarily derived from the Company’s internal management systems, Ziquan Shanghai Ziquan Packaging Co., Ltd. Yichang Ziquan Yichang Ziquan Beverage Industry Co., Packagingoperating statistics, and consolidated data. Necessary internal review procedures were completed during the Beverage Ltd.compilation process. The report was approved by the Board of Directors on 27 April, 2026 following confirmation Anhui Zijiang Metallization Environmental Anhui ZJMP Luohe Zijiang Luohe Zijiang Packaging Co., Ltd. Protection Material Co., Ltd.by management. Shandong Shandong New Optimization Materials Zidan Printing Shanghai Zidan Printing Co., Ltd. NewOpt Technology Co., Ltd.Report AccessThis report is published as a standalone Sustainability Report in both Chinese and English. In the event of anydiscrepancy, the Chinese version shall prevail. The electronic version is available on the Shanghai Stock Exchange Feedbackdisclosure website and the official website of Zijiang Enterprise. For any questions about this report or requests for further information, please contact: Shanghai Zijiang Enterprise Group Co., Ltd. Tel: +86-21-62377118 Email: zijiangqy@zijiangqy.comTable of ContentsAbout Zijiang Enterprise Sustainability Strategy Zero Carbon Transition Innovative Packaging Solutions Integrated Resource Journey with Community Efficiency Advanced Manufacturing Governance & Compliance Nurturing Workforce ExcellenceMessage from the Executive review and upgrade of our ESG management system. We also formally introduced the Z-Value sustainability strategy framework, placing sustainability at the center of As the global economy moves steadily toward a more sustainable future, a company’s our future development agenda. long-term competitiveness increasingly depends on its ability to remain resilient amid Centered on long-term value creation, the Z-Value sustainability strategy systematically uncertainty, act responsibly, and continue creating long-term value. For traditional manufacturers, integrates low-carbon transition and environmental responsibility, innovation-driven products and smart manufacturing upgrades, resource efficiency improvement, achieving sustained growth through economic cycles is no longer simply a matter of scale or talent and organizational capability building, community impact creation, and sound, efficiency. It is also a broader test of how resources are allocated, how the business is run, and transparent, and responsible corporate governance. Z-Value represents a structured refinement of Zijiang Enterprise’s established development logic. It is designed to how future development is defined. embed sustainability into operations, management decisions, and business expansion in a more comprehensive and consistent way. Zijiang Enterprise remains committed to becoming a leading packaging manufacturer and service provider in China, delivering high-quality and sustainable solutions to customers. Industry leadership is not the end goal; it is the baseline expectation for professional capability and corporate responsibility. More importantly, over theZijiang Enterprise is guided by a long-term perspective, with prudentoperations and value creation at the heart of its development philosophy. long course of business development, we seek to grow together with employees, customers, and value chain partners, and to help advance the industry toward a more efficient, low-carbon, and sustainable future.Since its founding, we have remained focused on our core business, respectedindustrial fundamentals, and continuously refined our development path in responseto a changing external environment. As a company rooted in the packaging industry,we have always looked beyond short-term gains toward more durable value creation.We believe corporate value lies in the ability to provide customers and society withstable and reliable product solutions in a more efficient, less resource-intensive,and more sustainable way. On this basis, we continue to embed sustainability intoproduct design, manufacturing systems, and management decisions, making it anintegral part of how we operate and translating it into stronger operational quality Guided by long-termism and grounded in our businessand service capability. characteristics and stage of development, we will continue advancing the Z-Value sustainability strategy, strengtheningIn 2025, we became even more convinced that sustainability must evolve from our capability for sustainable operations, and creatingexperience-led action to systematic planning, and from isolated practices to enterprise-wide coordination. Based on a comprehensive assessment of our development stage, lasting value in a prudent, transparent, and responsibleindustry trends, and long-term risks and opportunities, we carried out a group-level manner — together shaping a more sustainable future.About Zijiang Enterprise Zijiang Enterprise Packaging Business Business Segment Business and Capability OverviewCompany Introduction PET Bottles and Seven regional clusters and over 50 plants nationwide. Annual capacity exceeds 20 billion units, serving beverages, water, dairy, edible oils, condiments, and personal care products, Preforms with PET solutions for Fortune Global 500 companies and leading domestic brands.Shanghai Zijiang Enterprise Group Co., Ltd. (Stock Code: 600210) was founded in 1988 and listed on the ShanghaiStock Exchange in 1999. Based in Shanghai with a nationwide network and expanding overseas presence, it isa leading packaging manufacturer and service provider in China, delivering high-quality, sustainable solutions. Operates nine production bases nationwide with annual capacity of nearly 5 billion bottles. Beverage OEM Products cover carbonated drinks, tea beverages, juices, protein drinks, and health foods, with hot-fill, aseptic cold-fill, and carbonated-fill capabilities.Company Overview Manufactures crown caps, ring-pull caps, shrink labels, high-transparency PE shrink film,Built around packaging, Zijiang Enterprise also operates in import and export trade, real estate, and venture Crown Caps and and hygiene packaging. Annual capacity exceeds 30 billion labels, 30 billion crown caps,investment. It has interests in over 100 companies, nearly 7,000 employees, and a business network across China Labels and 800 million hygiene packaging bags, supported by long-term partnerships with majorand overseas. industry players.Guided by prudent operations and long-termism, the Company continues to invest in capacity, technology, and Equipped with advanced international production equipment, the business operates moremanagement to strengthen scale, quality, and service. than 60 production lines across six domestic and overseas production bases. With annual Tamper-Evident capacity approaching 30 billion units, it can meet diverse market needs such as laser coding, Plastic Caps promotional labeling, and outer-cap printing, serving more than 600 customers, includingCore Values leading players in beverages, bottled water, and dairy. Vision Values Motto Provides direct food-contact packaging, folding cartons, takeaway boxes, and pre-printed cartons, Color Paper supported by both offset and flexographic printing. Products serve food, pharmaceuticals, Packaging Devotion, Simplicity, daily necessities, and cosmetics, with long-term multinational partnerships. To Become the Most Behave Honestly, Work Respected Enterprise Sustainability, Persistence Sedulously Plastic Develops and manufactures laminated flexible packaging for food, personal care, and Composite pharmaceuticals. The business also participates in national and industry standards and Packaging exports to markets across the Americas, Asia, and Europe.Industrial Layout Metallized Provides end-to-end services from packaging design to vacuum metallization. Products Paper and include metallized board and waterproof label paper for premium and anti-counterfeiting Packaging Business Beverage Packaging Paperboard packaging in tobacco, cosmetics, and food. Real Estate Business Paper & Plastic Packaging Integrates R&D, manufacturing, and sales in polyethylene film and serves leading hygiene Zijiang PE and PA Films product brands. Biaxially oriented nylon film capacity reaches 20,000 tons per year. Enterprise Venture Investment Business Focused on the R&D, production, and sale of water-soluble films, with capacity above 1,500 Water-Soluble tons. Applications include laundry pods, agrochemical pods, dishwasher tablets, marble Films Trade release films, and water-transfer printing films.Awards and Recognitions Zijiang Enterprise Awards Shareholder Return Award 2025 Best Sustainability Practice for Investor Relations Case of Listed Companies Securities Times China Association for Public Companies Practice Case of Listed Companies for Corporate Governance China Association for Public Companies Directors & Boards Magazine Shanghai Manufacturing Single Champion Carbon Path Practitioner Award Shanghai Municipal Commission of Stockstar Economy and Informatization No. 3 in the 2025 China Top 100 Outstanding Listed Company Award Printing & Packaging Enterprises Stockstar Printing Manager ESG Ratings A BBB Wind ESG Rating Huazheng ESG RatingSustainability Strategy Built on long-term operating practice, Zijiang Enterprise has elevated sustainability into a systematic strategic framework. Guided by long-termism, the Company regards sustainability as a core enabler of prudent operations and long-term value creation, and uses a clear framework to align priorities and actions.Sustainability Strategy Zero Carbon TransitionZijiang Enterprise’s long-term development depends on systematic progress in resourceefficiency, production models, organizational capability, and governance. Building on existingsustainability practices, the Company has further clarified its overall framework and coresustainability priorities to strengthen resilience and long-term value creation amid a changingexternal environment. Innovative Packaging Solutions Journey with Community Integrated Resource Efficiency Advanced Manufacturing Nurturing WorkforceZ-Value Sustainability StrategyThe Z-Value Sustainability Strategy is a framework shaped by Zijiang Enterprise’s long-term operating practice andcorporate culture. It is designed to manage environmental, social, and governance priorities through a systematicapproach and embed them into core business processes. Governance & Compliance Excellence Zero Carbon Transition Double Materiality Zijiang Enterprise focuses on low-carbon transition, treating climate and resource constraints To identify sustainability topics that matter most to long-term development and stakeholders, Zijiang Enterprise as key conditions for long-term operations. It continues to optimize its energy mix, production introduced the double materiality principle in preparing its 2025 Sustainability Report. The Company systematically methods, and operating model to better align environmental performance with business objectives. assessed sustainability topics from two perspectives: the Company’s impact on the external environment and society, and the impact of these topics on business performance, risk management, and long-term value creation. Innovative Packaging Solutions A standardized process supports both sustainability decision-making and disclosure. Driven by innovation, the Company continues to upgrade packaging materials, product design, Assessment Process and solutions. While meeting diverse customer needs, it enhances environmental performance and functional value, supporting higher-quality growth in its packaging business. From a value chain perspective, the Company identified stakeholders Step 1 closely linked to sustainability and gathered their key concerns through ongoing communication. During the reporting period, Zijiang Enterprise Stakeholder Identification Journey with Community identified seven major stakeholder groups: customers, shareholders and Engagement and investors, government agencies, industry organizations, partners, Zijiang Enterprise values shared development with employees, partners, and communities. employees, and communities. Their feedback was used as an important Through responsible operations and long-term collaboration, it promotes shared value creation input for topic assessment. across the value chain and builds relationships based on trust and mutual benefit. The Company reviewed its development strategy, business priorities, Step 2 and industry environment to identify the key areas that may affect value Integrated Resource Efficiency creation in the current and longer term, providing strategic and operational Strategic and Business context for topic identification and materiality assessment. The Company improves the efficiency of water, raw materials, and other key resources through Context Analysis systematic management, advancing both resource allocation optimization and circular use. This helps reduce operating costs and environmental impact while enhancing overall operational efficiency. The Company referenced the GRI Standards, the Shanghai Stock Exchange Guidelines No. 4 on Sustainability Report Preparation, and international Step 3 frameworks including IFRS S1 and IFRS S2, while considering industry Advanced Manufacturing ESG priorities and its own management practices. Based on this process, Topic Identification it regularly reviewed and updated its ESG topic list. During the reporting With advanced manufacturing and lean management at its core, Zijiang Enterprise continues to and Regular Updates period, 22 ESG topics were identified across environmental, social, and expand automation, digitalization, and smart manufacturing. This improves productivity, quality governance dimensions. consistency, and safety, providing a stronger manufacturing foundation for sustainable operations. Nurturing Workforce Each topic was assessed from both impact materiality and financial Step 4 materiality. Impact materiality focuses on the Company’s actual or potential The Company follows a people-centered approach, with strong emphasis on employee development effects on the environment and society across operations and the value and organizational capability. It fosters a safe, inclusive, and sustainable workplace, enhances Double Materiality chain. Financial materiality focuses on the impact of ESG topics on business employee skills and organizational vitality, and builds long-term talent strength. Assessment performance, risk management, and long-term value creation. Governance & Compliance Excellence After assessment, the Company conducted an integrated analysis and Step 5 prioritization of all topics and mapped the results into a materiality matrix Zijiang Enterprise continues to strengthen its governance structure and compliance system, to identify the issues most critical to its sustainable development and reinforce transparency and accountability, and improve risk management and internal control, Prioritization and Matrix determine the report’s disclosure priorities. laying a solid governance foundation for prudent operations and sustainable development. MappingStakeholder EngagementZijiang Enterprise places strong importance on ongoing stakeholder engagement and views effective responseto stakeholder concerns as a key foundation for sustainable development and long-term value creation. During En ga ge m e n t S t a k e h ol de r Key C on c e rn s C ore C o m m it m en tthe reporting period, the Company identified and continuously engaged seven key stakeholder groups — Channelscustomers, shareholders and investors, government agencies, industry organizations, partners, employees, andcommunities — and adopted diversified communication channels based on their priority concerns to improve Contribute practicalrelevance and effectiveness. ? Participation experience to industry ?Industry in Industry exchange and standard Development Standard- development, support Setting ?Technological technological progress and Innovation ?Industry collaboration, and promote Industry Conferences the healthy evolution of Engage me nt S t a k e h o l der Key Conc erns Co re Co mmi tme nt Organizations the industry system. Channe ls Build a transparent and ?Environmental ?Customer Integrate quality and ?Tendering and responsible supply chain Management Visits low-carbon practices collaboration mechanism, Procurement ?Climate Action across product design, ?Supply Chain integrate sustainability ?Calls manufacturing, and Management ?Business requirements into ?Customer ?Product service, and work with ?Business Ethics Communication cooperation processes, Service Carbon and customers to support and improve resilience Collaboration Customers ?Information Footprint business growth and green Partners and long-term reliability Security Verification transition. together with partners. ?Shareholder ?Occupational ?Corporate Meetings Health and Strengthen long-term Safety Governance ?Announcements value creation through Foster a safe, equitable, ?Risk sound governance ?Employee ?Employee Management ?Emails Rights Representative and inclusive workplace, forward-looking Congress combine employee growth ?Digital ?Investor management, and ?Talent with organizational Enablement Meetings continuous improvement Development ?Engagement capability building, Shareholders and ?Online Investor Surveys ?Lean in operations and strategy ?Diversity, and strengthen team Investors Operations Platforms execution. Equity and ?Internal cohesion and long-term Employees Inclusion Publications ?Investor Calls development momentum. ?Fair Compensation ?Environmental and Benefits Management Align closely with policy ?Water ?Policy direction and regulatory Resource Communication Support community expectations, integrate Management ?Regular environmental and ?Donations development and public ?Waste Reporting compliance management ?Community welfare while responding ?Volunteer to environmental and Management ?Daily into daily operations, and Engagement Activities promote coordinated social needs, promoting ?Occupational Communication ?Public Welfare Government progress in economic ?Employment positive interaction Agencies Health and ?Environmental and Charity for People with between corporate Safety Disclosure development and social responsibility. Community Disabilities growth and community ?Employee development. RightsMateriality Matrix During the reporting period, we updated the following topics to better align with the Company’s strategy and goals, while enhancing communication and responsiveness with stakeholders:Through a systematic materiality assessment, Zijiang Enterprise identified the sustainability topics most relevantto its business and stakeholders, taking into account both industry characteristics and corporate strategy. The 2024 Topic 2025 Updateassessment considered not only the impact of topics on the environment and society, but also their potential Water Resource Consolidated into Resource Efficiency under a unified framework foreffects on long-term operations, risk management, and financial performance, ensuring that disclosures reflect Management resource efficiency and integrated resource usethe Company’s core sustainability priorities. Consolidated into Environmental Management as part of the broaderBased on the double materiality principle, Zijiang Enterprise assessed 22 ESG topics by analyzing impact scope, Waste Management environmental management systemlevel of risks and opportunities, and relevance to operations and value creation, and developed a materiality matrix. Consolidated into Lean Operations to reflect the role of digitalization inSix highly material topics were ultimately identified as key disclosure priorities for the 2025 Sustainability Report. Digital Enablement improving operational efficiency Upgraded to Sustainable Products to highlight circularity at the product Circular Economy level Technological Revised to R&D and Innovation to emphasize the role of R&D in long- Zijiang Enterprise Financial Materiality also its potential effect on business performance and long-term financial outcomes. These topics may affect value Material Topics and Financial Impact Analysis Material Topic Significance to Zijiang Enterprise Financial Impact Analysis Advance lightweight packaging design, Improves resource efficiency, reduces raw Sustainable improve recyclability, and gradually material use and waste treatment costs, Products introduce circular and lower-impact strengthens product differentiation, and materials to upgrade the product portfolio. supports long-term profitability. Build efficient customer collaboration Improves customer satisfaction and Stakeholder Impact Materiality Customer mechanisms, improve customer stickiness, supports market share and revenue Collaboration management and service processes, and stability, and optimizes cash flow and business Innovative Packaging enhance partnership value. continuity through long-term cooperation. Zero Carbon Transition Journey with Community Integrated Resource Efficiency Solutions Continuously optimize management Reduces production and operating costs Management Lean Operations strengthen data-driven performance management, while improving asset Continue strengthening governance Helps reduce compliance and operating risks, Corporate structure, institutional systems, and strengthen investor confidence, improve Governance disclosure mechanisms to enhance financing capability, and optimize capital transparency and oversight. costs. Advanced Manufacturing Nurturing Workforce Governance & Compliance Excellence Establish climate governance mechanisms, Lowers emissions-related costs and potential Climate Action opportunities, and promote low-carbon and energy mix optimization, while enhancing operations and energy-saving measures. brand value and competitiveness. Maintain a comprehensive occupational Reduces workplace accidents and Occupational Health and covering risk identification, health disruption and related costs, and improvesZero Carbon Transition From operations to the value chain, Zijiang Enterprise integrates low-carbon transition into every link through energy- saving innovation, process optimization, and green supply chain development. While improving energy efficiency and expanding renewable energy use, the Company works with upstream and downstream partners to support the industry’s low-carbon transition. Key Metrics Companies with PAS 2060 carbon neutrality certification: 6 Companies with LEED Silver certification: 1 ESG Strategic Targets Reduce product carbon intensity by 10% by 2030 Increase the share of clean energy use to 30% by 2030 Achieve distributed solar PV coverage across 80% of operating sites by 2030Climate Action Climate Governance Physical RiskZijiang Enterprise integrates climate action into business management under the overall leadership of the GeneralManager, ensuring close alignment with business development. Through clear division of responsibilities, theCompany advances carbon inventory, data management, and low-carbon transition initiatives to support climate Impact of extreme weather on production continuityrisk identification and emissions reduction. Heatwaves, storms, and typhoons may affect plant operations, employee safety, andBusiness units and subsidiaries implement measures suited to their own operations, including emissions production conditions, disrupting continuous production and delivery.identification, data collection, and energy-saving and carbon-reduction actions. Cross-functional coordination Regional differences in climate-related riskshelps embed climate management across business units. Different production sites may face different climate risks, requiring more flexible local response Climate Risk Identification measures. Impact of logistics and external environmentsConsidering the characteristics of packaging manufacturing, its multi-regional production footprint, and valuechain position, Zijiang Enterprise has identified climate-related risks that may affect operations and long-term Climate events may affect transport routes and logistics efficiency, influencing raw-materialdevelopment, with a focus on transition risks and physical risks. supply and delivery performance. Higher requirements for adaptation to long-term climate change Transition Risk Changes in temperature and extreme-weather patterns may require ongoing improvements in plant design, equipment selection, and operations. Customer decarbonization requirements and changing collaboration models As downstream customers tighten low-carbon requirements, the Company may face higher expectations in procurement, collaboration, and product design, increasing pressure on material substitution, green design, and process optimization. Climate Risk Management Pressure on manufacturing segments during low-carbon transition The Company has established a climate risk management framework that integrates climate-related requirements Ongoing investment in equipment, technology, and process upgrades may create challenges into production and energy management, continuously improving its climate response capability. It also extends for cost control and operational efficiency. low-carbon requirements across the value chain to strengthen overall low-carbon development and operational resilience. Impact of energy transition and higher clean-energy use A higher share of clean energy may affect production stability to some extent and raise Assessment requirements for responding to energy-price volatility. The Company assesses the potential impact of climate risks on operations and business development in light of industry trends and its own operating conditions, with a focus on the likelihood and severity Supply-chain carbon disclosure requirements of such risks. Stronger customer requirements on carbon information disclosure may increase pressure on value-chain suppliers in data transparency and system development, affecting supply-chain Response and Management coordination and stability. For the key risks identified, Zijiang Enterprise clarifies management priorities and integrates corresponding measures into daily production, energy management, and supply chain management, with relevant teams Impact on products and cost structure under carbon constraints responsible for implementation. Some Zijiang Enterprise entities are subject to annual GHG accounting, reporting, verification, Continuous Improvement and carbon allowance compliance. Tighter allocation rules, carbon price volatility, and stricter emissions controls may increase compliance costs. The Company continues to track and review the implementation of climate risk response measures and, in light of changes in operating conditions, adjusts and improves them in a timely manner to strengthen overall response capability and operational resilience.Climate StrategyDuring the reporting period, Zijiang Enterprise completed carbon inventories for its manufacturing plants in The Paper Packaging Business Unit has established clear GHG reduction Paper Packaging Business Unit:accordance with the GHG Protocol, covering Scope 1 and Scope 2 emissions and providing the data foundation Long-Term and Interim Science- targets tailored to its operations and production characteristics,for subsequent emissions management. Based Targets supported by action plans for implementation. ——— Greenhouse Gas Emissions ——— Net-zero target Near-term target Unit: tCO2e By 2050 By 2035 Emissions Scope 2025 2024 2023 reduce absolute Scope 1 + 2 emissions by 90% reduce absolute Scope 1 + 2 emissions by 63% Scope 3 emissions by 90% Scope 3 emissions by 37.5% Scope 1 (Direct Emissions) Carbon footprint accounting system Scope 2 350,026.25 325,620.37 294,790.95 Scope 1 + Scope 2 397,487.52 376,569.52 326,673.26 ? Corrugator logistics motor upgrade Energy-saving retrofit ? Workshop recirculated air system upgrade projects ? HVAC duct energy-saving retrofitThe Company provides carbon inventory training through both online and offline formats to continuously ? Paper cup machine suction system optimizationstrengthen the expertise and practical capabilities of relevant personnel. ? Accumulated solar PV capacity 9.982 MWp Key Metrics ? Total power generation 13,592.82 MWh Training Sessions Total Participants ? Green certificates retired 9,890 MWh Renewable energy ? Renewable electricity as a share of total power use 66.81% ? Carbon reduction benefit 12,194 tCO2eZijiang Enterprise is steadily advancing the exploration and implementation of carbon reduction targets. Basedon the development stage and decarbonization baseline of different business segments, the Paper PackagingBusiness Unit and Zijiang Color Printing have both obtained SBTi target validation, with targets aligned to global ? GHG report preparationtemperature pathways. This reflects the Company’s systematic approach to emissions reduction and climate Carbon system certifications ? Carbon neutrality certificationresilience. ? Carbon footprint certification for three product series Energy Management Zijiang Color Printing: Zijiang Color Printing has set science-based GHG reduction targets L o w - C a r b o n Tr a n s i t i o n and Emissions Reduction and is advancing low-carbon transition through a series of specific Targets measures. Zijiang Enterprise continues to implement energy management across business units through energy-saving technical retrofits, process optimization, and expanded renewable energy adoption tailored to regional and operational conditions, reducing reliance on conventional energy. Built on institutional management systems, the Company continues to improve and certify its energy management framework. Near-term target Key Metrics Companies with ISO 50001 energy management certification:by 2030reduce absolute Scope 1 + 2 emissions by 42% 14Scope 3 emissions by 25% Clean energy generation in 2025: Share of non-fossil energy in 2025: ? Carbon management system certificate ? Demonstration entity for carbon management system implementation Carbon management recognition ? GHG verification certification ? Product carbon footprint report Energy-Saving Measures Energy-saving measures are the foundation of the Company’s energy management and emissions reduction efforts. Through equipment upgrades, process improvement, and operational optimization, Zijiang Enterprise embeds energy-saving requirements into daily operations and progressively reduces both energy intensity and ? Multiple carbon reduction taskforces total energy consumption. Professional capability ? Carbon management training certificates for the plastics industry ? Carbon management qualification certificates Equipment Upgrades Process Improvement ? Clean and low-carbon energy substitution ? Waste heat recovery and cascading energy use Energy-saving and carbon- Auxiliary System Electric Forklift ? Energy efficiency improvement and equipment retrofits Lighting Improvements Optimization Replacement and Adoption reduction measures ? Raw material reduction and circular resource management ? Integration of energy-saving and carbon reduction into daily operations Equipment Upgrades Process Improvement Case Container Packaging Business Unit: Refrigeration efficiency upgrades Case Paper Packaging Business Unit: Multi-point upgrades Centralized retrofits of aging refrigeration systems delivered energy savings of up to 45% in some At Zidan Food, workshop air recirculation upgrades cut AC operating plants and over 3,920 MWh in total. Shenyang Zijiang saved 900 MWh, while Meishan Zijiang reduced time by about 4.5 hours per day, saving 339 MWh annually. energy use by over 15% through air-compressor pipeline upgrades. At Zidan Packaging Technology, corrugator logistics optimization saved about 1.8 MWh per year. Case Case Beverage OEM Business Unit: High- Crown Caps & Labels Business Unit: Heating Efficiency Magnetic Bearing Chiller + AI and equipment efficiency Optimization At Guilin Ziquan Beverage, a high-efficiency Ziquan Label optimized printing-machine Case Zijiang Color Printing: Solvent-free lamination magnetic bearing chiller, combined with heating and introduced waste heat recovery, piping optimization, automatic supply- cutting electricity intensity by about 50% and saving about 440 MWh annually. Solvent-free lamination reduced solvent use and VOC emissions while improving efficiency. In 2025, demand matching, and AI-based supply the process saved about 3,000 tons of steam, about 280 MWh of electricity, and cut about 3,200 optimization, helped keep plant cooling Ziquan Packaging and Ziquan Label also tons of CO2. COP above 5. This delivered about 45% replaced old motors and pumps, saving about 20 MWh per year. energy savings and cut annual electricity use by over 1,580 MWh. Auxiliary System Optimization Lighting System Improvements Case Paper Packaging Business Unit: Case Case ZJMP: Refrigeration and PCW upgrades Auxiliary system upgrades At Hubei Zidan Food, HVAC duct optimization saved Crown Caps & Labels Business Unit: Daylighting improvements At the Anhui plant, refrigeration and PCW system upgrades 340 MWh annually. reduced pump-room energy use by 45.6% in phase I and 24.5% Shanghai Ziquan Packaging introduced At Hubei Zidan Packaging Technology, paper-cup in phase II, with 17 MWh saved in October versus the first-half daylighting systems in selected machine suction optimization saved 267 MWh per year. monthly average. production areas, reducing reliance on artificial lighting during the day and improving the working environment. Estimated annual electricity savings are about 20 MWh. Case Case Case Container Packaging Business Unit: Energy Storage Supports Green Power Use ZIRI Packaging: LED lighting upgrades ZJMP: Lighting retrofit at the Anhui plant To improve energy efficiency, optimize the power structure, and strengthen green power capability, the Container Packaging Guangdong ZIRI replaced traditional lighting Lighting retrofit reduced lighting energy use Business Unit built an energy storage station at its South China with LED fixtures across the plant, reducing by 17.4% year on year and 9.5% quarter on plant. The project was connected to the grid in June 2025, with annual electricity use by about 1.2 MWh and quarter, saving about 2.75 MWh of electricity. an installed scale of 1.15 MW / 2.33 MWh, making it Zijiang corresponding CO2 emissions by about 0.64 Enterprise’s first self-built energy storage station. tons. Based on the plant’s existing energy management foundation, the system coordinates storage with electricity load to create a dynamic peak-shaving and valley-filling model. Electricity Electric Forklift Replacement is stored during off-peak periods and released during peak periods, reducing peak power demand and electricity costs while Case Container Packaging, Caps & Labels, and ZIRI Packaging: Replacing fuel forklifts improving grid stability. with electric models Over the past two years, the Container Packaging Business Unit phased out 7 fuel forklifts and purchased Digital Energy Management energy dashboards. Through real-time monitoring and analysis of energy consumption data, the Company Crown Caps & Labels Business Unit has continued replacing older internal-combustion forklifts, adding optimizes resource allocation and improves energy efficiency. ZIRI Packaging also introduced electric forklifts, achieving 75% lower carbon emissions while improving operating efficiency.Optimizing Energy Use Group Platform: Container Packaging Energy Overview Group Platform: Beverage OEM Energy OverviewBuilding on continuous energy-saving upgrades, Zijiang Enterprise has structurally optimized its energy mix byintroducing renewable energy and reducing dependence on fossil fuels. Through distributed solar and greenpower procurement, the Company is gradually advancing the green transition of energy use. Solar PowerRenewable energy deployment is assessed based on feasibility, stability, and alignment with production needs.Zijiang Enterprise ensures effective use of renewable energy under different regional and business conditions Group Platform: Caps & Labels Energy Overview Paper Packaging Business Unit Energy Management Platformwhile maintaining reliable supply and improving production efficiency. Year 2021 2022 2023 2024 2025 Solar Panel Area (m2) 117,300 210,519 291,567 467,333 620,865 Solar Coverage Rate (%) 18.36 31.72 40.51 56.64 72.02 ZIRI Packaging Energy Management Platform ZJMP Energy Management PlatformLow-Carbon Value ChainZijiang Enterprise extends low-carbon transition from its own operations to every stage of the value chain. By Case Caseworking with value chain partners, it is promoting the systematic implementation of low-carbon principles acrossthe value chain. ZJMP and Zidong Nylon: ZIRI Packaging: Reverse logistics and circular Pallet recovery recoveryGreen Logistics ZJMP recovered 6,515 raw paper pallets At Shenyang ZIRI, carton packaging was replaced with and 1,171 semi-finished product pallets, reusable iron cages, reducing carton use by aboutIn advancing its low-carbon value chain, Zijiang Enterprise works closely with suppliers and customers to gradually totaling 7,686 pallets 14,000 units; the cages can be reused for five years.promote the circular use of packaging materials and lower-carbon logistics. Plastic pallets also replaced wooden pallets. Zidong Nylon reused 3,745 recovered pallets, further promoting circular use Sichuan ZIRI established a reverse logistics system of packaging materials and resource for the recovery and reuse of iron cages, pallets, and savings. cartons. Case Crown Caps & Labels Business Unit: Reducing outer packaging through structural optimization Outer packaging upgrades improved carton The business unit also implemented multiple loading efficiency. In 2025, carton use per case circular logistics models, including self-purchased Case Zidong Nylon: Green logistics and transportation fell by 14 kg; 2,434 large cartons were used, pallets + regular recovery and customer-provided reducing paper consumption by 7.25 tons and pallets + regular recovery, reducing one-time pallet carbon emissions by 7.32 tCO2e. use and improving pallet turnover efficiency. In The Company introduced electric transport vehicles to reduce carbon emissions during transportation. By empty-load rates, improved transport efficiency, and further reduced energy use and environmental impact. Case Zijiang Color Printing: Circular packaging and reuse Zijiang Color Printing promotes green procurement and works with suppliers and customers to recover and reuse pallets, wooden boxes, and plywood packaging materials. In 2025, the Company internally recovered and reused 83,900 auxiliary items and, together with customers and suppliers, recovered and reused 23,400 additional items.Innovative PackagingSolutions Zijiang Enterprise advances packaging transformation through circular innovation, promoting a shift from a linear model to a more sustainable circular model. The Company continues R&D and application in recyclability, reusability, lightweighting, and material reduction, embedding green principles into product design, production, and use to improve both environmental and operational performance. ESG Strategic Targets Achieve recyclable design capability for 90% of newly developed products by 2030 Establish a green materials and circular packaging innovation platform to co-develop low- carbon packaging solutions with key customersSustainable Products Case Zero-Waste Circular Action In partnership with Leju Technology, Zijiang Enterprise launched an employee recycling platformZijiang Enterprise uses Reduction, Reuse, Recycle, and New Materials as the core framework for sustainable with collection equipment in offices and plants. Collected bottles, plastics, paper, and metals enter apackaging innovation. By combining green principles with technological innovation, the Company continues to standardized recycling system and are sent to recycling plants for conversion into green materials.improve the sustainability of its packaging products. The Company has deployed 8 empty-bottle recycling machines and smart recycling bins. In 2025, it recovered about 33,220 empty bottles and cans, weighing 956.21 kg, along with 906.2 kg of paper and metals, delivering total carbon reduction of about 2,500 kg. Reduce material use and carbon Develop reusable packaging systems emissions through lightweighting to extend service life and reduce and structural optimization. waste. Reduction Reuse Container Packaging Business Unit Crown Caps & Labels Business Unit Paper Packaging Business Unit Factory Recycling Equipment Factory Recycling Equipment Factory Recycling Equipment Recycle New Materials Accelerate the development Improve recyclability so materials and application of bio-based, can be effectively recovered and degradable, and high-circulation- reused at end of life. performance materials. Zijiang Color Printing Factory ZJMP Factory Recycling Equipment Zidong Nylon Factory Recycling Recycling Equipment EquipmentReductionZijiang Enterprise systematically optimizes packaging structures and material configurations through coordinated Case Zihua Technology: Ultra-light breathable filmimprovements in process design and manufacturing, reducing material use while maintaining performance andsafety. Zihua Technology developed Case ultra-light breathable blown Container Packaging Business Unit: Lightweight bottle neck and preform design film, reducing the basis weight of diaper and sanitary- For carbonated beverage customers, the bottle neck was light-weighted by 1.02 g per unit, cutting PET use by about 5,100 tons based on output of 5 billion preforms. pants backsheet film from 14 gsm and 15 gsm to 8 gsm and For a functional water preform, weight was reduced from 7.23 g to 5.58 g; every 2 billion units save about 3,300 tons of PET. reductions of about 43% and A customer’s 1L energy-drink bottle was redesigned from a 37 g copied preform to a 35 g new preform, with interchangeable mold-core components enabling adaptation to multiple bottle types and further lightweighting. Case Case Reuse Crown Caps & Labels Business Unit: ZIRI Packaging: Lightweight products Raw material reduction and lower material use through standard-operation improvement Zijiang Enterprise improves the way packaging and auxiliary materials are used in production and logistics by Film thickness was reduced from 0.045 mm promoting repeated use and circular turnover. Without changing material properties or performance, the Company At Sichuan ZIRI, cap weight was reduced extends service life, reduces single-use consumption and waste, and improves overall operating efficiency. to 0.04 mm, lowering film consumption by from 1.91 g to 1.88 g through mold cut annual cap use by about 29.95 million Case Beverage OEM Business Unit: Reuse of packaging and logistics materials Tinplate thickness for crown caps was units, corresponding to about 65 tons less reduced from 0.23 mm to 0.20 mm; output material consumption. of 1 billion caps saves 260 tons of tinplate Nanjing Zile promotes the repeated use of label cores, cap cartons, wooden pallets, and carton cover boards. The plant has reused about 25,000 label cores, 51,000 cap cartons, and 1,200 wooden pallets, and cuts carbon emissions by about 819 with a combined weight of about 82.59 tons. It also promoted the reuse of wooden cover boards by tons. Case external suppliers, with cumulative weight of about 168.59 tons. ZJMP: Transfer base-film reduction project ZJMP launched a project to replace 14.3 μm PET transfer base film with 12 μm PET. Through optimized coating and embossing and staged validation from pilot to mass production, the project replaced 300,000 meters of base film and reduced CO2 emissions by about 3 tons. Recycle Case ZIRI Packaging: Reuse of plastic turnover boxes Zijiang Enterprise continues to improve material-use efficiency through closed-loop production management. Guangdong ZIRI uses plastic turnover boxes to deliver materials to production lines, reducing By recovering and reusing plastic scraps and other offcuts, the Company reduces reliance on virgin resources discarded cartons and liner bags. Semi-finished products are transferred on reusable plastic pallets, and better controls waste generation. In recycled PET applications, recovered plastics are converted into recycled reducing wood-board loss and contamination risk from wooden boards. materials that meet quality and stability requirements and are then reintroduced into production, making the “recovery-regeneration-reapplication” path more controllable and scalable. Case Crown Caps & Labels Business Unit: rPETG labels and cPETG recyclable labels The Company applies rPETG shrink labels containing recycled PET. While maintaining performance similar to conventional PETG labels, the material includes more than 30% post-consumer recycled PET, reducing virgin plastic use. Annual use of recycled PET raw material exceeds 200 tons. The Company also promotes cPETG recyclable shrink labels, which can be recycled together with PET bottles, improving overall packaging recyclability. Annual use exceeds 16 tons. Case ZJMP: Reuse of production auxiliaries Case ZJMP: Reusable film recycling project ZJMP reuses 3-inch paper cores internally instead of buying new ones. Recovered cores are processed ZJMP established a reuse process for PET release base film generated during production, reapplying stripped through trimming, dust removal, and sorting to ensure reuse quality and efficiency. During the PET base film in regular production. Through closed-loop management, cumulative regenerated film volume reporting period, more than 4,700 paper cores were recovered and reused. reached 5.7 million m2 . Case Zihua Technology: 100% recycling and reuse of cast breathable-film edge trim Zihua Technology optimized slitting and unwinding processes so edge trim can be collected online and reused in production, achieving 100% reuse of trim material and reducing trim loss by about 4%. Case Zihua Technology: Closed-loop solvent recovery and reuse Zihua Technology applies waste-solvent distillation and regeneration to build a closed-loop “generation-recovery-reuse” system. In 2025, the waste-solvent recovery rate reached 90%, improving resource reuse while reducing hazardous-waste disposal costs and solvent procurement needs.New Materials Case CaseZijiang Enterprise introduces lower-impact new materials in practical application scenarios. Focusing on areas suchas soybean-oil ink and bio-based materials, the Company continues R&D-led exploration to expand sustainable Zijiang Color Printing: Expanded ZJMP: Plastic-free high-barrier foodpackaging options while balancing performance, compatibility, and sustainability. application of all-polyolefin structures packaging materials The Company expanded the application ZJMP developed and applied plastic-free of all-polyolefin structures, and two high-barrier food packaging materials Case Paper Packaging Business Unit: Coated paper bags replacing non-woven bags products obtained design evaluation for based mainly on paper and directly easy recycling and regeneration of plastic recyclable through existing papermaking products. processes. The product’s overall carbon Zidan Food independently developed coated paper bags using environmentally friendly coatings and footprint fell by about 55% and it is kraft paper. The bags offer strength close to non-woven bags, are repulpable and degradable, and can Dishwasher-tablet pouches and laundry- expected to reduce annual use of plastic by effectively reduce environmental burden. pod pouches supplied to multinational about 120 tons and aluminum foil by about consumer-goods customers in Europe use mono-material laminates, improving recycling value and secondary-use potential while meeting packaging performance requirements. Case Shandong NewOpt: Alkali-resistant water-soluble film To meet customer demand for improved alkaline performance in dishwasher and laundry pods, the Company developed alkali-resistant film with good water solubility and aging resistance in alkaline environments. The product has already been exported in volume to overseas markets.Journey with Community Building on prudent operations, Zijiang Enterprise continues exploring pathways for shared value creation with society. Through industry collaboration, community engagement, and philanthropy, the Company connects its capabilities with social needs and extends the value of its development to a broader social context. ESG Strategic Targets Reach 10,000 cumulative employee volunteer hours by 2030 Establish a public-interest project evaluation mechanism to shift from donation-based support to impact-driven value creation Strengthen integration between Shanghai Zijiang Foundation and the business to support broader industry ecosystem developmentIndustry Development Case SJTU SAIF–Zijiang Lecture Series: New Materials and Sustainable Futures Company executives took part in the SJTU SAIF–Zijiang Lecture Series under the theme New MaterialsZijiang Enterprise contributes to industry development through standards research, industry exchange, and Forging a Sustainable Future. Together with industry experts, they shared frontline insights on new-industry-academia-research collaboration. By sharing practical experience in technology, product application, and material development, industrial opportunities, and challenges, contributing to knowledge exchangeoperations with industry organizations, customers, and research institutions, the Company helps build consensus and technical collaboration across the industry.and strengthen capabilities on key issues such as safety, quality, and sustainability. Business Unit / Standard No. Standard Title Subsidiary Shanghai Ziquan Label Shanghai Ziquan General Quality Requirements for Ring-Pull Caps for Packaging Beer and Beverages Case Carbon Talk: "Path to Net Zero" Forum Graphic Technology — Process Control for theShanghai Zidan Food GB/T 17934.6-2025 Production of Halftone Colour Separations, Proofs As a participant in the value chain, Zijiang Enterprise attended the launch of a strategic customer’s and Prints — Part 6: Flexographic Printing climate action white paper. The General Manager joined the Carbon Talk: Path to Net Zero forum and discussed green practices across the value chain from farm to table. Anhui Zijiang Tamper Verification Features for Pharmaceutical GB/T 45453-2025 Composite Packaging Uniaxially Oriented Co-Extruded Polyethylene FilmZijiang Color Printing T/CPF 0095-2025 for Packaging Mono-Material Uniaxially Oriented PolyethyleneZijiang Color Printing T/CPF 0096-2025 Laminated Film and Pouches for Packaging Case SJTU SAIF–Zijiang Lecture Series at the China International Import Expo Case Zidong Nylon: Local substitution R&D in cooperation with a chemical group The Deputy General Manager and Board Secretary joined a roundtable on Corporate Strategies and Zidong Nylon worked with relevant business units of a leading global chemical group on a Practices in Responding to International Carbon Constraints, sharing views on business response and localization R&D project for additives. The project has completed multiple rounds of testing and decarbonization practice under evolving global carbon requirements. delivered phased progress in exploring local application of related materials in film products. Community Engagement Zijiang Enterprise values the link between business development, the community environment, and social responsibility. Based on local operating realities, the Company continues community programs and volunteer activities, encouraging employees to participate in environmental protection and community service and supporting local environmental improvement and sustainable development. Case Future Teacher Impact Program for Rural Education Case Crown Caps & Labels Business Unit: Participation in drafting a ring-pull-cap In partnership with Shanghai Zijiang Foundation and leveraging university resources, the Company industry standard launched the Future Teacher Impact Program to support rural education and youth development. In Working with the National Technical Committee for Standardization of Food Contact Materials and the summer of 2025, multiple teams carried out activities across several provinces and cities, providing Articles, the business unit participated in drafting the General Quality Requirements for Ring-Pull Caps diverse educational support through community innovation courses, student summer camps, cloud- for Beer and Beverages, carrying out technical research on quality requirements for top-pull and side- based classes, and cultural outreach. pull ring caps. The program introduced social-emotional learning tracking and mentor guidance, supporting rural education while strengthening participants’ teaching practice and overall capabilities. Through dedicated scholarships and role-model outreach, it also encouraged greater youth participation and expanded program impact. Integrated with the Future Teacher training framework, the program further promoted themed practice activities and teaching competitions focused on adolescent mental Case Zijiang Color Printing: Industry exchange to promote sustainable packaging health and social-emotional development, building a long-term mechanism that links public-interest consensus action with education development and provides sustained talent and educational support for rural revitalization. Zijiang Color Printing participated in exchanges organized by the China Packaging Federation, the Plastics Industry Association, and Guangdong Case “Finding the Great You” Rural Children Growth Program Packaging Association, discussing circular economy, food packaging safety, and low- carbon development while integrating Working with the Shanghai Zijiang Foundation and social organizations, Zijiang Enterprise carried out these concepts into products and the Finding the Great You program for rural children in places including Yuxi, Yunnan. The program solutions. helped urban and rural children improve expression and social awareness through real interaction. Volunteer participation, learning-equipment donations, and continued support also helped improve local learning conditions and children’s confidence. Case Container Packaging Business Unit: Planting trees for a greener community Philanthropy Guided by the belief that what comes from society should return Luohe Zijiang joined a Tree-Planting Day public-welfare activity organized by Swire Coca-Cola. Key Metric to society, Zijiang Enterprise treats public welfare and philanthropy Employees carried out tree planting and litter clean-up around the site, contributing to local as an important part of sustainable development. Working closely environmental improvement through hands-on community action. with the Shanghai Zijiang Foundation, the Company systematically Zijiang Enterprise charitable donations: carries out projects in community care, youth development, rural revitalization, and post-disaster relief, sharing development RMB 3.09 million outcomes with society and fulfilling its responsibilities as a corporate citizen. Case “New Green Youth Talent Development Program” Together with the Shanghai Zijiang Foundation and the Zizhu High-Tech Zone, Zijiang Enterprise participated in the New Green Youth Talent Development Program. The program provided green-career training and practical opportunities to 46 university students, helping strengthen professional skills and cultivate talent for green industries. Case Case Paper Packaging Business Unit: “Little Orange Lamp” Zijiang Int"l Trade: Bottle Recycling Public Reading Program Initiative for Urban Greening Case Case The business unit joined the Little Orange Lamp Zijiang International Trade launched reading initiative organized by the Zizhu Youth League a bottle recycling initiative by placing Huajiao Village infrastructure Earthquake relief for Dingri County, Committee. Volunteers regularly read picture books collection bins in office areas and restoration for rural revitalization Tibet to primary-school students at a school for migrant using the proceeds to sponsor trees Zijiang Enterprise supported infrastructure After the earthquake in Dingri County, workers’ children, supporting reading habits and in Shanghai Gongqing Forest Park. improvement in Huajiao Village, Yunnan. Shigatse, Tibet, Zijiang Enterprise and the learning development through sustained reading Under the theme Finish the Last The project completed about 1,000 m Shanghai Zijiang Foundation made an companionship. Drop, Leave Green for the Earth, the of drainage-ditch repair, about 50 cu immediate donation to support emergency initiative turned everyday recycling m of concrete pouring, about 150 m of rescue, temporary settlement, and post- into practical urban greening action. reinforced cover slabs, about 20 m of gravel disaster recovery and reconstruction. bedding (4 cu m), and about 10 cu m of Coordinated through the Shanghai backfilling, effectively improving drainage Office for Cooperation and Exchange, conditions and infrastructure stability in the the donation helped ensure efficient and village. transparent use of funds in support of affected communities.Integrated Resource Efficiency Environmental management and resource efficiency are essential to Zijiang Enterprise’s prudent operations. The Company advances both environmental risk control and efficient resource use by strengthening management systems, optimizing pollution control, and improving resource-use practices across operations, supporting a more intensive, efficient, and sustainable operating model. Key Metrics Companies with ISO 14001 certification: 22 Shanghai Zijiang Enterprise Group Co., Ltd. Guilin Ziquan Beverage Industry Co., Ltd. Shanghai Ziquan Beverage Industry Co., Ltd. Anhui Zijiang Metallization Environmental Protection Material Co., Ltd. Provincial Green Factories: 9 Shenyang Zijiang Packaging Co., Ltd. Shenyang Ziquan Beverage Industry Co., Ltd. Shanghai Zijiang Color Printing Co., Ltd. Hubei Zidan Packaging Technology Co., Ltd. Yichang Ziquan Beverage Industry Co., Ltd. Shenyang ZIRI Packaging Co., Ltd. Nanjing Zile Beverage Industry Co., Ltd. Shaanxi Ziquan Beverage Industry Co., Ltd. Shanghai ZIRI Packaging Co., Ltd. ESG Strategic Targets Reduce water consumption per unit of output by 10% by 2030 compared with 2025 Achieve an 85% recycling rate for production waste by 2030 Increase the utilization rate of raw materials per unit of output by 5% by 2030Environmental Management Management of Air, Water and Waste Air Emissions ManagementThrough the Zijiang Enterprise EHS Management Manual and the Zijiang EHS Management Evaluation System,the Company has clarified management requirements, standardized evaluation criteria, and strengthened Zijiang Enterprise continues to improve the management of air emissions through a combination of source controlprocess oversight, continuously improving the consistency and effectiveness of environmental management. and end-of-pipe treatment. Through standardized operations and equipment maintenance, the Company ensures stable compliance and continues to reduce emissions through process optimization and technology upgrades.Headquarters is responsible for overall system design and continuous improvement, identifying key environmentalmanagement priorities for each business unit based on regulatory requirements and industry practice, and Case Caseproviding management guidance and tools. Through a unified evaluation mechanism, headquarters regularlyreviews environmental performance across subsidiaries to ensure consistent implementation. Crown Caps & Labels Business Unit: UV Zijiang Color Printing: SourceEnvironmental Risk Identification varnish process substitution substitution for VOCs reductionUnder group-wide requirements, subsidiaries establish environmental management mechanisms tailored to Traditional solvent-based varnish was Low-VOCs inks replaced high-VOCs inks totheir own operations and assign responsibilities to specific roles and day-to-day activities. Through internal replaced with UV varnish, reducing both reduce pollutant generation at source. Inaudits, risk assessments, compliance checks, and performance review, environmental execution is continuously high-temperature curing and solvent use. 2025, older VOCs treatment facilities weremonitored and reinforced. During the reporting period, neither Zijiang Enterprise nor its subsidiaries recorded The upgrade cut energy use and reduced also upgraded with new zeolite wheels VOC generation by about 96.4 tons to improve adsorption and desorptionany environmental violations. annually. efficiency. Environmental Risk Identification and Each unit regularly checks emissions, equipment operation, hazardous substances, and Assessment key processes, assessing risk likelihood and impact to define priorities and controls. Case Zihua Technology: RTO upgrade for stronger exhaust treatment Risk Prevention and Process Control Environmental risk controls are embedded into production and on-site management, with improved procedures, equipment maintenance, and process controls reducing risk likelihood. A new-generation RTO system was installed to upgrade theMonitoring, Supervision, and Continuous original exhaust treatment Through internal audits, daily supervision, and management reviews, risk-control Improvement performance is tracked and measures are continuously optimized. system, increasing treatment capacity by about 1.5 times. Environmental Emergency ManagementZijiang Enterprise has established an environmental emergency response system covering prevention, response,and follow-up improvement. Emergency plans for potential environmental incidents are continuously refined,with response procedures and responsibilities clearly defined to ensure rapid and effective action.The Company also conducts regular drills and cross-factory inspections to test preparedness and improvecoordination, reducing potential operational and environmental impacts. Case Beverage OEM Business Unit: Hazardous chemical spill drill Nanjing Zile conducted a Case ZJMP: Water-based coatings to reduce VOCs dedicated emergency drill for a nitric acid leak, improving response efficiency and Water-based coatings replaced traditional solvent-based coatings in production. Treatment efficiency strengthening compliance remained above 99%. During the reporting period, about 50 tons of water-based coatings were used, awareness across departments. reducing VOC emissions by over 20 tons. Wastewater Management Case ZJMP: “Zero-Waste Factory” practiceProduction and domestic wastewater are collected separately and treated in a standardized manner. ZijiangEnterprise ensures compliant discharge while improving the stability and efficiency of wastewater treatment Anhui ZJMP systematically advanced zero-waste-factory practices. As a result, hazardous waste atsystems. source was reduced by about 41%, and the resource utilization rate of solid waste increased to 21%. Optimize processes and water-use structures to reduce high-water-use Source Reduction and pollution-prone operations. Case ZIRI Packaging: Hydraulic oil filtration and reuse to reduce waste oil Strengthen circulating water management, improve recirculation, Process Control and recover condensate to reduce freshwater use and wastewater Guangdong ZIRI introduced a hydraulic oil generation. filtration unit to recycle used oil from 48-cavity equipment. The measure reduces new oil input Treat wastewater by type, ensure compliant production wastewater by about 840 liters per year and lowers waste oil End-of-Pipe Treatment discharge, and connect domestic wastewater to industrial park discharge. or municipal systems. Solid Waste ManagementZijiang Enterprise has established a solid waste management system. The Company strengthens the managementof both general and hazardous waste while continuing to promote waste reduction and recycling under compliantdisposal practices. Case Key Metrics Zidong Nylon: Precise hazardous-waste Zihua Technology: Upgraded hazardous- Three-Star Zero Waste to Landfill Management System Certification management waste containers Shanghai Ziquan Beverage Industry Co., Ltd. Nanjing Zile Beverage Industry Co., Ltd. A full-lifecycle traceability ledger was Iron pails previously used in printing were established for hazardous waste, covering replaced with reusable IBC containers, reducing generation, classification, collection, hazardous-waste disposal volume by about transfer, transport, and final disposal. 35% through more standardized and recyclable packaging containers. The Company also adopted a one-item-one- Case Zijiang Color Printing: Reduced waste adhesive and standardized disposal code model, assigning a unique QR code to each batch or category of hazardous waste The Anhui composite plant introduced explosion- and linking it to data such as source, storage proof cold storage for residual adhesive to location, and handling requirements, reduce spoilage. During the reporting period, enabling more precise and digitalized only 18.6 kg of waste adhesive was declared for storage management. disposal, down about 96% from 451.81 kg in Noise Management Resource EfficiencyZijiang Enterprise continues to reduce the environmental impact of operational noise through a combination ofsource control, operating optimization, and facility upgrades. Zijiang Enterprise continues to improve the refined management of water, raw materials, and auxiliary resources Case Beverage OEM (Shenyang plant): Noise control and environmental impact across the full use cycle. By optimizing processes, strengthening process control, and improving circular use, the reduction Company reduces resource intensity and promotes a more intensive and efficient operating model. • Source control: The high-noise water-tower • Results: After the upgrade, daytime noise was Water Resource Utilization equipment near residential areas was shut controlled below 55 dB and nighttime noise down, and silencers were added to cooling below 50 dB, well better than the applicable Water management is advanced in line with process needs and regional water conditions. Through optimized water-use structures, higher recirculation rates, and stronger process control, Zijiang Enterprise reduces water fans outside the power room. standard. intensity per unit of output and improves overall water-use efficiency. • Operating optimization: Variable-frequency drives were added to air compressors to Case Container Packaging Business Unit: Cooling-system upgrade for water efficiency reduce frequent starts and stops and lower noise during operation. The original open cooling system was upgraded to a closed-loop • Facility upgrades: Sound insulation was added recirculation model, with optimized cooling-water operation. The to cooling towers, including soundproof upgrade improved cooling-water efficiency while reducing both panels and improved enclosure sealing. water consumption and wastewater discharge. Case Zijiang Color Printing: RTO fan noise control retrofit At the Anhui composite plant, localized protection and soundproofing were added to the incineration- Case Beverage OEM Business Unit: Multi-point water-efficiency improvements unit fan, reducing noise to below 60 dB. Tiered water-use management was introduced in the hot-fill bottle-rinsing process, saving about of water per system each year. In addition, backwash-water recovery improved production-water recirculation, saving about 1,247 tons per system annually. Case Case Zijiang Color Printing: Variable-frequency ZIRI Packaging: Condensate recovery retrofit for process-water systems and reuse Variable-frequency drives were installed Guangdong ZIRI recovers condensate on process-water pumps to match pump from air-conditioning systems and reuses speed, flow, and head more precisely with it in production and auxiliary water-use process needs, reducing throttling losses processes, reducing freshwater demand. and improving both water-use efficiency The measure saves about 120 tons of and system stability. water annually.Advanced Manufacturing Through product quality management, R&D, and lean manufacturing, Zijiang Enterprise continues to build stable, scalable, and sustainable manufacturing capability to support the delivery of innovative packaging solutions. Advanced manufacturing is not only about efficiency, but also about quality consistency, technical replicability, and operational resilience. ESG Strategic Targets Achieve real-time collection of key production data across Increase the amount of recognition and incentive awards for technological innovation by 20% over 2025 levels by 2030Product Quality Case Beverage OEM Business Unit: Error-proofing system for ingredient dosing A barcode-based material identification system was introduced to improve material accuracy and full-By continuously strengthening management systems, improving production processes, and advancing lean process traceability across warehousing, weighing, and feeding. Automated verification, color alerts,manufacturing, Zijiang Enterprise continues to enhance product performance and delivery reliability while aligning and audio-visual alarms help reduce manual errors and support standardized formula execution.quality management with sustainable development.Quality Management SystemZijiang Enterprise has established a product quality management system covering raw materials, manufacturingprocesses, and delivery outcomes. Through a unified quality framework and key control requirements, the Companyimproves process consistency, strengthens control over critical processes, enhances quality-data tracking, andcloses the loop on quality issues to reduce production variability.The Company also continues to digitalize and smarten quality management. By embedding quality controlrequirements into design, procurement, production, inspection, and delivery, and by enabling real-time collection ofcritical parameters and closed-loop process monitoring, Zijiang Enterprise improves accuracy and responsiveness,reduces defect risk, and enhances product consistency and delivery reliability. ZIRI Packaging: Four-site integrated quality management ZIRI Packaging advanced a quality integration plan across four sites under the principles of resource Case Container Packaging Business Unit: Quality culture and capability building integration, information sharing, unified systems, and regional collaboration. Standardized quality Quality culture campaigns were launched workflows and themed quality-culture activities across East and Central China. The initiatives were rolled out simultaneously across the four strengthened quality awareness and problem- factories. solving capability across both management teams and frontline employees. R&D and Zijiang Enterprise takes technology innovation as a key growth driver. Through industry-academia-research collaboration, expert workstations, and multiple Innovation Paper Packaging Business Unit: Automation upgrades to strengthen manufacturing capability innovation platforms, the Company accelerates the industrial application of R&D outcomes. Continuous innovation has supported better product- Hubei Zidan Food introduced a fully automated tissue production line and carried out a systematic upgrade market fit, higher production efficiency, and improved raw-material use. of traditional packaging processes. By replacing manual operations with automated equipment, the business achieved more continuous and standardized packaging processes, reducing manual intervention while Key Metrics improving operational stability and consistency. Through standardized control and automated operation, R&D investment: Total granted patents: Hubei Zidan Food effectively reduced human error and strengthened finished-product quality assurance. RMB 344 million 1,502 New patents granted in 2025: Total invention patents granted: New invention patents granted in 2025: Total national high-tech enterpriseStrengthening Technology R&D Customer CollaborationZijiang Enterprise continues to increase R&D investment to enhance advanced manufacturing capability throughproduct development and process innovation. Focusing on packaging materials, structural design, and processoptimization, the Company keeps upgrading products and technologies to improve performance, efficiency, and Zijiang Enterprise treats customer needs as a key input for both R&D and manufacturing innovation. By stayingapplication adaptability. close to application scenarios and user feedback, the Company continues to improve products and services. Recognition from customers validated Zijiang’s capabilities in product performance and service reliability. Case Container Packaging Business Unit: Preform design optimization Key Metric By redesigning the preform structure, the weight of a 900 ml tea-drink preform was reduced from 50 g to 48 g. Mold-component upgrades shortened development time by about 50% and reduced mold Subsidiary CSR audits passed by customers: 26 investment to about 25% of a full cold-half mold set. Case Container Packaging Business Unit: Co-developing customized bottle solutions Case Case with customers Container Packaging Business Unit: Expanding “packaging New developments included a 1.0 L condiment bottle without handle, a 1.33 L rear-handle bottle, and Packaging Innovation Day ESG sharing manufacturing services” for strategic customers a 666 ml hot-fill tea bottle. By combining bottle-structure design with existing mold resources, the The General Manager and Deputy Leveraging its self-developed intelligent management business unit accelerated validation and shortened product launch cycles. General Manager / Board Secretary platform and specialized teams, the business unit has attended a 2025 Packaging Innovation continued to earn the operational trust of strategic Day, sharing Zijiang’s latest sustainable customers. It has secured long-term outsourced operation Case Case packaging solutions, including of preform centers for multiple bottling plants of COFCO lightweight bottle-cap and neck design, Coca-Cola and Swire Coca-Cola, as well as supporting Beverage OEM Business Unit: Formula innovation Zijiang Color Printing: preform and bottle-modeling analysis, cooperation for several additional preform centers. for plant-based and functional drinks Patent commercialization to and environmental-benefit labeling. This further validates Zijiang Enterprise’s large-scale support innovation manufacturing capability, operational stability, and quality The business unit continued formula and processing Several utility-model patents, assurance system in the PET preform business, while R&D. It developed six naturally flavored coix-seed water including a method for improving elevating its level of collaboration with strategic customers. products by identifying and suppressing volatile off- ink filtration, a slitting-knife device notes, and also developed a low-allergen refreshing and slitting machine, and a film dairy drink after screening low-sensitivity strains and tensile-strength test fixture, have filing one invention patent. Case Crown Caps & Labels Business Unit: Supplier conference collaboration with been applied in production. Other customers Process adjustments also extended stable production patented solutions have entered from 24h to 72h, improving product appearance. pilot-scale trials for new products. Shanghai Ziquan Packaging hosted a supplier strategic alliance semiannual meeting for AB InBev under the theme “Win-Win Cooperation, Case Ziyan Alloy: Precision-alloy product R&D and industrial application Shared Future.” The meeting reviewed seven years of alliance, discussed practices such as precision manufacturing and one-factory-one- Ziyan Alloy continued R&D and innovation in precision-alloy products. In 2025, the Company promoted strategy, and included a plant visit to review the the development of several products for medical and industrial equipment and expanded into new application of VPO tools. customers and application areas. Case ZIRI Packaging: Integrating into customer technical systems Customer Recognition Awards As a core cap supplier, Shenyang ZIRI joined supplier technical workshops and specialized training organized by strategic customers. Through deeper integration with customer technical systems, it strengthened responsiveness to customer quality requirements and end-use applications. Container Packaging Business Unit Danone China COFCO Coca-Cola Best Collaboration Award Upgrade Swire Coca-Cola Zhengzhou New Hope Qinpai Dairy Yili Group Supplier Award Partner Award Carbon Pioneer Award Classy·Kiss Coca-Cola Case Paper Packaging Business Unit: Long-term strategic collaboration with an Quality Gatekeeper 2024 ESG Social international restaurant chain Award Impact Award The business unit has maintained more than 26 years of stable cooperation with an international restaurant chain group. Paper Packaging Business Unit continues to respond to customer needs in BEE & FLOWER innovation, efficiency, and supply coordination. Partner Award Case Zijiang Color Printing: Deeper collaboration on quality and new projects with a leading pet-health nutrition brand Zijiang Color Printing visited the customer’s Korea plant Paper Packaging Business Unit to review cooperation results and discuss quality McDonald’s performance and new- project planning, with 2025 TMS1 APAC Outstanding Supplier Award plans to further strengthen supporting capacity and System (TMS): McDonald’s supplier assessment system customer support. 2024 TMS APAC Supply Chain evaluating performance Transformation Support Award in quality, safety, supply chain management, and operations. Paper Packaging Business Unit Beverage OEM Business Unit By-health Dewu Fujian Shengji Food Danone & Beverage Co., Ltd. Chain Award 2025 Best Blow- Fill Equipment Energy Management OEM Partner Award Management Award Dewu Yum China Pioneering Innovation Award Outstanding Supply Chain Award Domino’s China McDonald’s China McDonald’s China Yihe Tang Grade-A Quality Supplier Award Outstanding Partner Award Zijiang Color Printing Nestlé Weikang Probiotics Crown Caps & Labels Business Unit Packaging Award and Compliance Award Supplier Award AB InBev Green Supplier Recognition Genki Forest Xiangjin Health Beverage Nielsen CR Sanjiu Dong-E-E-Jiao Product Trendsetter Award ZIRI Packaging Lean Operations Eastroc Beverage Classy·Kiss Across a multi-business-unit, multi-site manufacturing network, Zijiang Enterprise systematically advances lean Outstanding Quality Gatekeeper operations with the core goal of improving all-time OEE and operating efficiency. Lean management serves Contribution Award Award as the methodology, while digital management provides essential support, bringing production planning, equipment operation, and coordinated management into one unified framework to improve resource allocation and strengthen manufacturing resilience. Zihua Technology Winner Medical Lean Digital Management Management Chain Ecosystem Sustainability Conference Ziyan Alloy Shenzhen Edan Lean Management Edan 30th Anniversary The Company takes all-time OEE as a key lever for lean management. By using planning to optimize production Outstanding Quality Award organization and by strengthening coordination across production lines and factories, Zijiang Enterprise continues improving equipment utilization and capacity matching to release the potential of large-scale manufacturing. Key Metrics Zidong Nylon Lean projects submitted: QCC projects: HOA QUANG Technology Co., Ltd. HANH CHUNG Trading & Service Co., Ltd. 3,342 303 Outstanding Partner Recognition Outstanding Supplier Certification Estimated financial benefits in the year: Improvement proposals: RMB 91.48 million 1,025 Six Sigma projects: Rationalization proposals: All subsidiaries are advancing digital operations systems, using real-time production data to continuously enhance Case Paper Packaging Business Unit: Order-driven improvement in all-time OEE efficiency, quality, and energy performance. The business unit used stronger order-taking capability as the entry point for improving all-time OEE Key Metrics and shifting production from intermittent operation to steadier running. • Order-driven capacity release: Broader multi-SKU order acceptance supported more continuous production and better use of equipment and labor. National-level smart factories: Provincial / municipal-level smart factories: • Sales-production coordination: Optimized scheduling and coordination reduced waiting and 1 3 downtime and stabilized operating rhythm. • Positive OEE cycle: Continued improvement in all-time OEE supported higher production efficiency, more stable quality, and better operating performance. Case ZIRI Packaging: Planning-led all-time OEE improvement Case Paper Packaging Business Unit: Deepening smart-manufacturing capability By integrating four manufacturing bases into one coordinated management framework, ZIRI Packaging • Smart plate-roller library management system: QR-code scanning links roller-library management explored a systematic path to all-time OEE improvement and with ERP/MES systems, reducing version-mismatch risk and improving labor efficiency. improved equipment utilization and capacity matching. • One-click digital weighing system: Built on the self-developed ZDIMS system, it captures raw-material and product weighing data in real time and links them automatically to multiple information systems. • Digital color management platform: A full-life-cycle digital color management platform forDigital Management flexographic printing improves agile delivery and color consistency across sites and machines. • New ZDIMS functions: New modules for employee performance management and ink-pathTo support lean operations with higher-quality data, Zijiang Enterprise has built a unified digital operations management were added and deployed in new factories.platform. By defining data granularity according to management needs and integrating key operating data atmachine, team, or real-time machine level, the Company enables centralized visualization of production. Automaticcollection and management of equipment and process parameters continue to create new room for efficiencyimprovement and cost savings. Case Zijiang Color Printing: Digital factory and smart-manufacturing development Digitalization is closely aligned with the Company’s core strategy, focusing Efficiency-oriented digital on operating efficiency and human-machine collaboration to strengthen strategy Digital foundations continued to strengthen around: cost and delivery advantages. Unified operations platform A unified platform based on OEE and energy management strengthens group- and centralized control level visibility of key operating indicators and cross-company coordination New ERP upgrade IoT industrial Automated MES / APS Management is shifting from experience-based judgment to data-driven and integrated connectivity warehousing Data-driven operating planning decision-making in production organization, quality control, and resource business-finance infrastructure systems decisions allocation. management Information security standards and data governance aligned with national Secure digital foundation and international standards provide a secure system environment for digital operations. Case Beverage OEM Business Unit: Accelerating industrial digital platforms Case Crown Caps & Labels Business Unit: Self-developed smart reporting system After building earlier systems for energy use and all-time OEE data management, the business A smart reporting system was developed for legacy equipment. Modules include: unit independently developed APL data ports covering key equipment systems and built a full-line industrial digital platform to improve quality and cost management. Functions include: a base reporting module based on real-time order-progress management equipment status for shop-floor teams downtime benchmarking order-level energy-use and and analysis all-time OEE benchmarking Case Container Packaging Business Unit: Digital benchmark factory development Case ZIRI Packaging: Digital cap-quality management system In the Tianjin new-factory project, the business unit applied digitalization and AI to optimize ZIRI Packaging built a digital quality management system to improve product quality. Key functions production workflows. Key applications include: include: High-Precision Digital Process Transfer and Quality- Smart Financial Automated Stacking Quality Information Accounting Logistics Management Linkage Shanghai ZIRI Packaging was also included in the 2025 Shanghai Advanced-Level Smart Factory List. Built around AGV-based automated logistics, the system connects machine scheduling with production orders to enable real-time data exchange and coordination between logistics equipment and production processes. It supports on-demand material ordering and just-in-time delivery, effectively reducing intermediate warehouse space requirements.Nurturing Workforce Zijiang Enterprise regards employees as a core foundation for long-term development and competitiveness. Guided by a people-centered approach, the Company continues improving a fair and healthy workplace while systematically advancing talent development and capability building, aligning employee growth with corporate strategy. ESG Strategic Targets Achieve more than 25 hours of annual training per employee by 2030 Maintain zero serious safety accidents through 2030 Advance a dual career-path development system to provide all employees with clear, diversified, and sustainable growth pathwaysEmployee Rights and Interests Employee Communication Zijiang Enterprise values employee communication and consultation. Trade union structures have been established across operating locations to protect employees’ lawful participation in democratic management and the expressionZijiang Enterprise strictly complies with labor laws and regulations in all operating countries and continuously of concerns. Based on different business-unit characteristics and employment scenarios, the Company continuesstandardizes labor management to protect employee rights and interests. enriching communication channels and encourages employees to share feedback and suggestions through multiple avenues while fostering an open and trust-based communication climate.In daily labor management, the Company fully implements internal policies such as the Human ResourcesManagement Manual and the Headquarters Employee Handbook. Zijiang Enterprise does not discriminate on Reasonable Zijiang Employeethe basis of gender, nationality, ethnicity, or religion, firmly prohibits child labor and all forms of forced labor, and Suggestion Box Union Activities Suggestions Reportcontinues to foster a safe, fair, and respectful workplace. Employee Engagement Regular Employee Forums Online Channels Survey Communication Key Metrics Case “Together All the Way” Long-Service Recognition Program Zijiang Enterprise launched the “Together All Workforce Overview the Way” long-service recognition program to honor employees in management positions who Total employees have completed 10, 20, or 30 years of service, recognizing their long-term contribution and reinforcing organizational identity and cultural continuity. Different commemorative gifts were Female senior executives in Employees with disabilities Labor contract coverage presented for different service milestones: subsidiaries Blooming Sunflowers for 10 years, A Thousand years, and National Deer for 30 years. By linking employee development with corporate Gender Structure Age Structure growth, the Company continues to strengthen employees’ sense of belonging and honor, and Female employee Age 30 and below Age 51 and above build a stable, professional workforce committed Employee Engagement Survey To better understand employee experience and management feedback, Zijiang Enterprise has established and continued an employee engagement survey mechanism as a regular tool for communication and feedback. Each year, the Company conducts questionnaire-based surveys while also collecting open-ended suggestions. Key Metrics Male employees Age 31–40 Age 41–50Career Development and Training Each business unit designs diversified development paths for employees at different career stages according to its own business characteristics, systematically supporting both employee growth and organizational capability building. Through structured onboarding, including orientation training and mentor support, Integration andEmployee Promotion Adaptation employees are helped to quickly understand the Company’s culture and role requirements, enabling a smooth role transition and team integration.Zijiang Enterprise follows the principles of appointing people based on merit, capability, and performance, andcontinues to build a promotion system oriented toward ability and results. The Company provides employees Through continuous skill development and practical training, such as role-specific trainingwith clearer and more predictable career pathways while aligning promotion with actual capability growth and Role Competence and skill certification, employees are supported in building competence in their roles and ensuring operational professionalism and reliability.business needs.In promotion management, the Company focuses on professional capability, work performance, and actual Building on role requirements, employees are further supported in developing comprehensivecontribution. It continues refining the performance evaluation system to help employees clarify goals and improve Capability capabilities, including advanced training and management/collaboration skills, with Deepening greater emphasis on communication, teamwork, and office software applications toperformance. Evaluation results are used to assess development potential and job fit, providing an important enhance their ability to handle diverse work scenarios.basis for job adjustment and promotion. Through internal sharing, mentor guidance, and training-system development, such Experience as trainer development and experience-exchange activities, business experience andEmployee Training Sharing professional knowledge are promoted across the organization.Zijiang Enterprise has built a systematic talent-empowerment system. The Company continues upgrading employee Employees are supported in pursuing diversified learning opportunities, including academiclearning and development mechanisms and sets differentiated development paths for different scenarios, so Development advancement, professional title applications, and external training such as school-enterprise Expansionthat employee capability growth supports stronger organizational efficiency. cooperation programs, helping them broaden their career development pathways. Development Goal Implementation Approach Key Metrics Provide management Cumulative enrollment at Talent-pipeline training Talent-pipeline training Establish a structured management and leadership development Talent Pipeline training for senior key talent Shanghai Open University programs launched participants pathway, combining practical application with ongoing follow-up to Development for Sustainable Operations and continue strengthening management and leadership translate capabilities into business practice and support long-term, 700 10 897 stable operations. capabilities. Total training hours Average training hours per employee Enhance capabilities of Targeted Empowerment operations management Combine operations management methods, tools, and practices with Based on Strategic and professional staff in project execution, knowledge sharing, and performance improvement Assessments at Different line with business priorities to continuously enhance operational efficiency and execution. Stages at different development Case Deepening university-enterprise cooperation to build a learning organization stages. Support key frontline Zijiang Enterprise has established a long-term cooperation mechanism with Shanghai Open employees in strengthening University to support employee academic advancement and capability development. In 2025, the Work with external education resources based on role-development 10 th anniversary of the joint program and the new-semester opening ceremony marked a further Capability Enhancement their professional foundation needs to build a stable, sustainable capability development system, deepening of this collaborative talent-development model. By 2025, the program had supported for Frontline Employees through academic enhancing role attractiveness and workforce stability. multiple cohorts of employees in continuing education and helped cultivate compound talent with advancement and improved learning capabilities. both professional knowledge and practical experience. Case Container Packaging Business Unit: Empowering engineering and technical talent Compensation and Benefits The business unit established the Huachuang Studio in the Central China region to focus on improving the capability and knowledge accumulation of engineering, equipment, and technical personnel, Compensation Overview creating a regional platform for technical innovation and talent incubation. The studio supports the formation of a technical talent pipeline for stable plant operations and efficiency improvement. Zijiang Enterprise has built a compensation system with industry competitiveness to support talent attraction and long-term retention. Through scientific and fair performance evaluation, employee performance and contribution are connected with reward, while the performance-pay linkage continues to be improved to Case Case encourage stronger capability and results. Container Packaging Business Paper Packaging Business Unit: Strengthening the Unit: AI efficiency training talent pipeline In 2025, the business unit launched Performance The business unit focused on key frontline production Based Salary a special AI efficiency training Bonus roles and developed machine-leader talent based on program focused on smart office a competency model, linking theoretical training with work and productivity improvement. Compensation performance goals and daily assessment to convert high- With both online and offline learning Structure skill capability into production results. formats, the program encouraged employees to apply AI tools in daily Project Bonus Year-End Bonus work. Daily attendance exceeded showed that 92% of participants believed the training could directly improve work efficiency. Employee Benefits On top of statutory benefits, Zijiang Enterprise continues improving an institutionalized, company-wide Case Case employee welfare system based on business development needs and employee expectations. Stable and sustainable benefit arrangements provide employees with basic living and health protection and support long-term development for both employees and the Company. Crown Caps & Labels Business Unit: Zijiang International Trade: Workplace Building an internal trainer system communication training The business unit established a systematic Zijiang International Trade organized workplace employee-development mechanism centered communication training that combined Leave Policy Meal Benefits on capability building and knowledge transfer. assessment tools with case sharing to help Through internal-trainer development employees better understand differences programs, it has certified and cultivated between themselves and colleagues and improve Benefits internal lecturers with professional teaching workplace communication and teamwork. Structure capability and is gradually building factory Regular trainer teams across multiple business areas. Holiday Health Benefits Checkups Building on this system, the Company uses employee activities as a carrier with ongoing attention to physical well-being, team interaction, and workplace vitality. Case Sichuan ZIRI Anhui Zijiang Composite Zijiang Enterprise: First sports meeting The Company successfully held its first sports meeting under the theme “Rivers Converge at Zijiang, Glory on the Field.” Eleven teams from across China took part. From preparation and training to competition and teamwork, the event demonstrated employees’ drive and collaboration while further promoting the idea of healthy work and joyful living. Outdoor Team-Building Trip Employee Trip Zidong Nylon Zihua TechnologyAcross business units, Zijiang Enterprise also organized diverse activities to support employee well-being,communication, and teamwork, including: Team-Building Activity Trip for All Employees Container Packaging Business Unit Crown Caps & Labels Business Unit ZJMP Zijiang International Trade Tug-of-War Competition 2nd Sports Meeting Running-Group Activity Coffee-Soap WorkshopEmployee Care Case CaseZijiang Enterprise regards employees and their families as long-term partners in corporate development. Whilesupporting employee career development, the Company also pays attention to employees’ family roles and Zijiang Color Printing: Visits and support Zihua Technology: Support for employeepractical needs at different life stages. for employees in hardship families and special-period assistanceThrough channels such as trade unions, the company provides targeted assistance and visit arrangements to In January, Zijiang Color Printing visited 11 Zihua Technology assisted 8 employees inrelieve temporary pressure on employees and their families and help employees maintain work stability. families of employees in hardship. It also applying for the Dream Fulfillment program coordinated with group-level assistance for their children’s education and helped programs covering 18 employees and 2 employees apply for hardship subsidies provided dedicated subsidies to 2 around the New Year and Spring Festival employees through the Rainbow Plan, with period. In 2025, the Company also visited 5 Case Rainbow Plan: Warm support for employees total support exceeding RMB 100,000. employees who were ill. The Company continued the Rainbow Plan employee-care program, providing timely financial support and care for employees and families facing heavy pressure due to major illness or unexpected hardship. During Diversity, Equity and Inclusion the reporting period, the total amount of assistance exceeded RMB 180,000. Zijiang Enterprise values an organizational culture that respects differences and embraces diversity. The Company pays attention to the varied needs of different employee group, and continues to promote targeted support measures on issues related to female employees and employee families. Case Case Case Dream Fulfillment Plan: Supporting employees’ children in education Through the Dream Fulfillment Plan, Zijiang Enterprise provided educational assistance to children of Crown Caps & Labels Business Unit: Ongoing Paper Packaging Business Unit: care for female employees Women’s health lectures employees with financial difficulties to support completion of university study. During the reporting period, the per-capita assistance standard was raised to RMB 8,000, coverage was expanded, and a cumulative 56 The business unit provides support arrangements The business unit has set up Mothers’ employees’ children received support totaling RMB 784,000. for female employees during pregnancy, maternity Rooms for breastfeeding employees, leave, and breastfeeding. The business unit distributes women’s supplies, provides also distribute women-specific labor-protection Women’s Day gifts, organizes women’s supplies every six months and organize Women’s health lectures, and offers annual health Day activities with holiday gifts each year. checkups for female employees. Case Case Women’s Day activities across business units and companies included: Paper Packaging Business Unit: Care Beverage OEM Business Unit: Emergency program for employees’ children and development support for employees in taking key school exams hardship Paper Packaging Business Unit Beverage OEM Business Unit The business unit organized a care initiative Through annual hardship subsidies and the for employees’ children taking high-school Rainbow Plan, the business unit maintained and college entrance examinations, regular assistance for employees in need. In preparing care gift boxes for 67 children 2025, it supported one employee at the Shaanxi and showing support to employee families plant with family disaster relief and helped 5 at an important stage. employees at the Neijiang plant in Sichuan participate in the Dream Fulfillment program. DIY Women’s Day Activity Women’s Day Event Zijiang Color Printing ZIRI Packaging Oversees Group-wide safety management, manufacturing safety, and related systems Zijiang Enterprise Sets annual EHS targets and strengthens risk oversight Safety Committee Coordinates EHS incident management across subsidiaries Lucky Blind-Box Activity Care-Gift Boxes Implements the Group’s safety management framework across business units EHS Management Supports capability building and risk management Zihua Technology Zijiang International Trade Task Force Organizes plant-wide safety reviews and related initiatives Implement safety requirements at regional and plant levels Regional and Plant Manage daily risks, site control, and hazard rectification Chenshan Botanical Garden Trip Twins Mountain Trip EHS Leads Support inspections, assessments, and continuous improvementHealth and Safety With Integrated EHS Excellence Management System (IEMS) as a core focus, the Company identified professionalism,Safeguarding Employee Safety standardization, and systemization as key priorities for annual improvement. It formally issued 12 EHS red-line rules to further clarify minimum safety and environmental requirements and strengthen company-wide riskZijiang Enterprise regards employee health and safety as a core foundation of prudent operations and sustainable awareness and compliance execution. During the reporting period, the Company improved and implementeddevelopment. Based on actual production and operating conditions, the Company continues improving its health on-site audit and evaluation mechanisms covering 14 factories, promoting the replication of EHS best practicesand safety management system, strengthening governance mechanisms and process control, and systematically and digital-management applications.identifying and managing safety and health risks to protect employees in all work scenarios. Safety GovernanceGuided by the principles of people first, safe development, safety first, and prevention first, Zijiang Enterprisehas established a layered governance structure, forming a management system coordinated at group level andimplemented by business units. The Company continues improving systems for safety planning, execution,inspection, and evaluation, as well as routine meetings, special meetings, fire drills, and dedicated training. Zijiang Enterprise Safety Management Philosophy and Targets Case Container Packaging Business Unit: Comprehensive safety-learning platform The business unit built a unified safety-learning platform providing standardized training and Zero Incidents Zero Violations Zero Casualties assessment for new employees, contractors, and external drivers. Personnel must pass the Prevent occupational health Strictly manage behaviors that assessment before taking up work. The platform has been rolled out across more than 50 entities in and safety incidents through a Protect employees and related violate safety management comprehensive process risk-control personnel and prevent casualties requirements and correct them in the business unit. mechanism a timely manner. Case Beverage OEM Business Unit: Multi-Level Reinforcement of Safety ManagementTo ensure effective delivery of health and safety objectives, the Company has also established a systematic safety-management audit mechanism. Through regular audits and process supervision, together with digital tools for Safe operations are reinforced through a three-level approach. At the foundation level, themedtracking key risks and management processes, Zijiang Enterprise continues improving the standardization and activities, training, and broad employee coverage support self-managed safety. Special initiatives focuseffectiveness of safety management. on confined-space management, with dedicated training, register reviews, signage improvement, and emergency rescue equipment deployment, while strictly enforcing the principle of ventilate first, test second, work last. Oversight is strengthened through unannounced inspections, cross-checks, and Key Metrics director-level inspections carried out by business-unit EHS, plant EHS, and functional directors. Special investment in power-distribution rectification Case Case RMB 11.69 million Paper Packaging Business Unit: Smart ZIRI Packaging: Safety culture and temperature-control loop to eliminate production safety management Completing systematic safety upgrades at high-temperature operating risks temperature monitoring system on its high- to the principle of safety first in production speed flexographic printing line, covering and strictly implemented safety- monitoring, multi-level alerts, and linked management systems. Guangdong ZIRI Packaging has recorded 850 consecutive Fatalities and serious injuries exhaust control. It achieved 100% high- days without any employee work-injury temperature risk detection, cut response accident. time to under one minute, and recorded Occupational disease incidence Companies with ISO 45001 certification Zidong Nylon introduced a smart safety-monitoring system integrating video monitoring, gas detection, and equipment operation monitoring to enable real-time risk identification and early warning.Zijiang Enterprise treats health and safety training as an important lever for implementing safety management. Occupational Disease ManagementThrough training, drills, and themed activities, the Company continues improving employee awareness of andresponse to safety risks. Business units combine safety knowledge with practical operating scenarios to encourage Zijiang Enterprise continues improving occupational disease management. By optimizing production processesactive participation in safety management. and equipment configuration, the Company reduces potential occupational health hazards generated during operations. It also conducts occupational-health training to improve employee awareness and self-protection Health and safety training activities capability. The Company regularly arranges professional health examinations and maintains occupational health surveillance files. Paper Packaging Business Unit Beverage OEM Business Unit For employees with abnormal examination results or those no longer suitable for original work, timely intervention measures and reasonable job adjustments are arranged to protect health rights and reduce occupational disease risks. Case Case Paper Packaging Business Unit: On-post Zijiang Color Printing: Strengthening physical examinations for occupational- occupational disease prevention and hazard positions contingency mechanisms In 2025, the business unit organized on-post The Shanghai plant updated occupational physical examinations for occupational- health files and revised the special hazard roles at its Shanghai factories. contingency plan for occupational disease Doctors and equipment were brought hazards. On-post and exit examinations on site to improve efficiency and reduce were implemented, covering hazard factors Crown Caps & Labels Business Unit Zijiang Color Printing inconvenience, covering 389 employees. such as noise and TDI were all compliant. At the Anhui Composite plant, Occupational Hazard Notice Cards were posted prominently in workshops, and annual hazard-factor testing and occupational health examinations continued. Case Health and Safety Training First-Aid Training Zidong Nylon: Dust-control Case improvement in workshops Zidong Nylon Zihua Technology In trim pelletizing and waste-film recovery ZJMP: Source control of occupational processes, engineers improved dust disease risks overflow by enlarging the pressure-relief opening, significantly improving dust ZJMP systematically identified high-risk conditions in the pelletizing workshop. materials and work processes. Material substitution reduced occupational health risks from organic solvents, while engineering controls were applied to high- noise equipment and dust- and exhaust- emission points to improve the work environment Heatstroke Emergency Drill Fire DrillGovernance & ComplianceExcellence Guided by its aspiration to become a highly respected enterprise, Zijiang Enterprise regards sound governance and compliance as a core foundation. The Company continues to improve corporate governance, strengthen business ethics, reinforce information security, and advance responsible supply chain management, building a transparent, efficient, and trusted governance system. ESG Strategic Targets Achieve 100% employee coverage in anti- corruption training by 2030 Maintain zero major information security incidents through 2030 Achieve 100% sign-off on the Supplier Code of Conduct among core suppliers by 2030Corporate Governance The Company has further strengthened the responsibilities of the Board and its committees in risk oversight and internal control. In particular, the Audit Committee plays a more prominent supervisory role, reviewing financial disclosure, overseeing internal audit and internal control, and examining key financial and risk matters. The internal audit function reports to the Board and operates under the guidance of the Audit Committee, Governance Structure independently supervising operations, risk management, and internal control and reporting major issues in a timely manner. This further enhances transparency, standardization, and risk prevention capability.Zijiang Enterprise continues to improve its governance structure and institutional system, optimize decision-making and management processes, and build a governance system with clear responsibilities and standardizedoperation. By strengthening strategic management, risk control, and internal control, the Company furtherenhances governance transparency, professionalism, and effectiveness, laying a solid foundation for prudent Corporate Culture and Human Corporate culture and human resources matters, supportingoperations and long-term value creation. Resources Management Committee talent development and organizational capability building.The General Meeting of Shareholders serves as the highest authority. Under the leadership of the Board ofDirectors, management is responsible for day-to-day operations. The Board oversees development strategy andmajor decisions, while specialized committees provide professional review and supervision on key governance Reviews the Company’s medium- and long-term strategy, Strategy and Investment Decision-issues. Management is responsible for implementation, supporting effective delivery of strategy, risk control, major investments, and key business matters, and provide making Committee plans and recommendations.and sustainability objectives. Reviews remuneration policies and performance assessment Remuneration and Appraisal mechanisms for directors and senior management, helping Committee General Meeting of Shareholders align incentives with development goals. Reviews and tracks the annual budget and execution status, Budget and Execution Committee supporting effective implementation of business plans. Board of Directors General Manager Responsible for decisions on the Company’s Responsible for organizing and Oversees nomination and qualification review for directors development strategy and major matters, implementing Board decisions, overseeing overall operational direction, and overseeing day-to-day operations and Nomination Committee and senior management, strengthening governance structure supervising the implementation of relevant resource allocation, and driving the and talent allocation. management measures to ensure effective implementation of strategies and annual delivery of development goals. targets at the business-unit level. Reviews financial reports and related disclosures, supervises Audit Committee internal control and internal audit, and examines external auditor appointment and related audit matters. Corporate Strategy and Key Metrics Culture and Remuneration Investment Budget and Human and Nomination Audit Decision- Execution Resources Appraisal Committee Committee making Committee Management Committee Committee Committee General Meetings of Shareholders held: 2 Board meetings held: 5At board level, the Company has established six specialized committees covering strategy and investment, audit,remuneration and appraisal, nomination, budget and execution, and corporate culture and human resources. Proposals approved: 16 Proposals approved: 28These committees conduct pre-review, deliberation, and oversight on relevant matters, helping the Board identifyand assess important issues in operations, risk control, and sustainable development, and supporting moreprudent, scientific, and efficient major decision-making. Board Independence Risk Management Zijiang Enterprise has formulated the Zijiang Enterprise Internal Control Manual, which serves as an importantZijiang Enterprise safeguards independent judgment and effective checks and balances in Board by improving institutional foundation for internal control and risk management. Centered on business processes, the manualthe participation mechanism for independent directors. As an important part of the Board, independent directors systematically covers 29 business cycles and 82 sub-cycles, comprehensively identifying risk points in variousplay a key role in corporate governance by providing independent and professional advice for Board decisions. business activities. In this way, risk management requirements are embedded into daily operations and managementAt the institutional level, the Company has formulated the Independent Director Work System, which clearly decision-making, supporting standardized operations and prudent development.defines the appointment requirements, scope of duties, working procedures, and rights and obligations of Zijiang Enterprise systematically identifies risks that may arise in operations and management and classifiesindependent directors. During the reporting period, Zijiang Enterprise had 3 independent directors, providing them into the following five major categories:important support for major decision-making and standardized operations. Board Diversity Strategic Financial Operational Market Risk Legal RiskIn the appointment of Board members, Zijiang Enterprise takes into account factors of various professional Risk Risk Riskcapabilities, while emphasizing diversity in Board structure. Through full exchange of diverse perspectives andrational discussion, the Company continues to enhance the Board’s comprehensiveness judgment in strategicassessment and major decision-making. During the reporting period, the Board elected a woman as General Zijiang Enterprise has established a risk management process covering the full course of operations and managesManager, reflecting the continued efforts to promote diversity in its management team. risks dynamically through a systematic and standardized approach. Key Metrics Male directors Female directors Continuous Tiered Risk Response Improvement and Identification Assessment Response Optimization Investor Relations Management Identify major Based on internal For identified Establish a sound Regularly review risks around core and external risks, define emergency- risk managementThe Company values investor relations and maintains regular communication through email, hotline calls, business and key risks, assess management response operations andinvestor meetings, postal mail, and the SSE interactive platform. It also holds quarterly results briefings via the SSE management possible impacts priorities and mechanism to continuouslyRoadshow Center to present business performance and strategy and respond to investor concerns. A dedicated activities, and on operations implement reduce the impact refine the risk clarify the primary and long-term targeted of sudden risks. managementIR team and formal management system help ensure efficient and standardized communication. In 2025, the risks, impact development to measures. system.Company revised 25 policies and introduced 5 new ones. areas, and risk support follow- factors. up response decisions. Key Metrics Over 190 investor engagements (phone and in person) 40 announcements released Case Selected as a 2025 Outstanding Internal Control Practice Case of Listed Companies Shareholder Returns Zijiang Enterprise was selected as an outstanding case in the 2025 BestThe Company places high importance on shareholder returns and has paid cash dividends every year for 27 Practice in Internal Control of Listed Companies. The evaluation reviewedconsecutive years since listing. Balancing investor returns with development and funding needs, it maintains a system completeness, effectiveness of operation, and risk prevention andstable dividend policy and seeks to create long-term shareholder value. control performance, reflecting external recognition of the Company’s standardized governance and governance capability. Key Metric Cumulative cash dividends paid, excluding the 2025 dividend: RMB 5.508 billion times the funds raisedBusiness Ethics Data and Information Asset Security Management Zijiang Enterprise regards data as an important corporate asset and places strong emphasis on the systematic management and protection of core business data and information resources. Anti-Unfair Competition The Company manages two categories of data assets: Zijiang Enterprise’s own core commercial secrets and customer commercial information that requires enhanced protection. Through institutionalized management,The Company upholds fair competition and does not tolerate improper competition practices. By clarifying conduct the Company continues to improve its information assets.boundaries in business activities and external cooperation, Zijiang Enterprise seeks to maintain a compliant andtrustworthy market environment. Data Asset Management Focus Management Measures Category Identification and Anti-Bribery and Anti-Corruption Establish an information-asset identification mechanism, maintain a register of protection of core core data assets, and apply graded management based on materiality dataGuided by the Corporate Culture Handbook, Zijiang enterprise continues corporate-culture communication and Corporate Access and usage Define data access permissions and usage boundaries, standardize authorizationinternal awareness-building to strengthen honest and standardized professional conduct. On this basis, it has Information control procedures, and prevent unauthorized accessestablished internal reporting channels and early-warning mechanisms for prevention of fraud risks.The Company has established multi-channel communication mechanisms for business ethics and compliance, Business continuity Include customer commercial information within the scope of key protectionencouraging employees, partners, and other stakeholders to report potential misconduct, fraud risks, or assurance and strengthen usage rules and confidentiality requirementscompliance concerns. A dedicated business-ethics and compliance mailbox is in place, ensuring timely, prudent, Confidentiality and Include customer commercial information within the scope of key protectionand confidential handling of reports. compliant use and strengthen usage rules and confidentiality requirements Security of data Customer Apply stricter access controls and security measures to data access and access and Information transmission involving customer information transmission Risk prevention and Define data-security responsibilities for relevant roles and reduce the risk of accountability information leakage and improper use Reporting Channel Business ethics and compliance email: Information Security Incident Management and Emergency Response hgjb@zijiangqy.com Zijiang Enterprise continues improving its ability to identify, respond to, and recover from information-security risks, reducing the impact of unexpected incidents on business operations. • Establish information security incident emergency response and handling procedures Emergency Response Mechanism • Define incident classification, response requirements, and handling criteria •Information Security Improve incident reporting and high-level notification mechanisms Internal Reporting and Closed-Loop Management • Promote issue resolution, review, and experience sharing to build a closed-loop management process Strengthening Organizational • Integrate information security incident management into daily operationsZijiang Enterprise benchmarked against China’s cybersecurity regime (MLPS 2.0) and formulated the Information • Continuously enhance the organization’s overall capability to respond to information Response CapabilitySecurity Management Standard, while carrying out corresponding remediation actions. The standard sets unified security risksrequirements covering information-security governance, infrastructure, system operations, and the protectionof data and information assets. Digital System OperationsZijiang Enterprise advances information security through centralized group coordination and tiered responsibility, Zijiang Enterprise continues strengthening information infrastructure management. By standardizing data-centercovering both headquarters and subsidiaries. Responsibilities and management requirements are clearly defined, management, network architecture, and system O&M requirements, the Company improves overall systemand embedded into daily operations and management processes. reliability and resilience. Management Management Based on its unified supplier management system, the Based on material importance and business impact, Management Measures Module Focus Company conducts qualification review and on-site suppliers are classified into A, B, and C categories, with assessment of potential suppliers, with comprehensive corresponding procurement priorities and management Operating Data Center environment • Standardize data-center grading and baseline operating standards; evaluation across quality management, environmental requirements to improve resource allocation. Management define O&M requirements for key equipment management, technical capability, compliance, and service standards assurance. Supplier Admission Supplier Classification Network Stability and • Review and optimize network architecture; strengthen management Architecture redundancy of cross-regional network connections Non-Compliance Management Supplier Performance Evaluation System O&M Daily operation • Strengthen routine O&M for servers and endpoint devices; enhance Suppliers are regularly evaluated on indicators such as quality For non-compliance issues identified in evaluation, suppliers assurance disaster-recovery backup of server resources pass rate, on-time delivery, and service responsiveness, are required to complete corrective actions within a specified together with performance in areas including environmental timeframe, and results are tracked and verified. Suppliers management and production safety. The results serve with persistent underperformance or serious violations O&M Model Efficiency • Shift from manual inspection to platform-based, visualized monitoring; as an important basis for cooperation adjustment and are removed in accordance with regulations and placed improvement improve visibility of system status and anomalies continuous improvement. on the supplier blacklist. Key Metric Standardized Digital Platforms and Data Governance Total number of suppliers: 1,146Zijiang Enterprise embeds information-security requirements throughout data collection, system integration, andplatform operation, ensuring that data applications continue to deepen under secure and controllable conditions. Supplier Enablement and Collaborative Development Secure Data Integration Zijiang Enterprise emphasizes collaborative development with suppliers and integrates capability improvement • Integrate information security requirements into data collection systems and workflows into supply-chain practice. Through exchange activities, the Company communicates with suppliers on industry • Standardize the management of data sources, transmission, and access trends and management practices, promoting information sharing and coordinated operations. The Company guides suppliers to optimize raw-material selection, production processes, and logistics methods, Key Data Governance improving environmental management and resource efficiency across the supply chain. • Strengthen the management of key operational data such as OEE and energy consumption • Clarify data usage boundaries and governance responsibilities Case Crown Caps & Labels Business Unit: Supplier ESG management and review Secure Digital Enablement The business unit incorporates ESG performance into supplier selection and management criteria. Its • Support digital transformation under a secure and controlled environment review system covers environmental management, energy consumption, resource use, labor rights, • Enable the continuous development and deeper application of digitalization health, and safety, ensuring that suppliers meet sustainability requirements in their operations.Supply Chain Management Case Paper Packaging Business Unit: Mock recall to strengthen food safety managementSupplier Management During the reporting period, the business unit’s central quality department, together with the procurement department and factory quality teams, organized a mock supplier recall exercise forBased on the Supplier Evaluation Procedure, Zijiang Enterprise has established a standardized mechanism covering major material suppliers. All suppliers completed recall actions and report submission within thesupplier admission, evaluation, supervision, and exit, helping ensure supply-chain stability and sustainability required timeframe.through institutionalized processes and tiered management.Appendix 1 Appendix 2Index to the SSE Self-Regulatory Guidelines No. 14 for Listed Companies — Sustainability Reports GRI Content Index Relevant Corresponding GRI Standard Disclosure Title Corresponding Section Dimension Topic Provisions Section Climate Change Articles 21–28 Climate Action GRI 1: Foundation 2021 Environmental Pollutant Emissions Article 30 Management GRI 2: General Disclosures 2021 Waste Management Article 31 Waste Management Ecosystems and Biodiversity Protection Article 32 Not Applicable Environment Environmental Entities included in the organization’s sustainability Environmental Compliance Management Article 33 2-2 About This Report Management reporting Energy Use Article 35 Energy Management Water Resources Use Article 36 Resource Utilization Circular Economy Article 37 Sustainable Products Community Rural Revitalization Article 39 2-7 Employees About Zijiang Enterprise Engagement Social Contribution Article 40 Philanthropy Innovation-Driven Development Article 42 R&D and Innovation Technology Ethics Article 43 R&D and Innovation Supply Chain Social Supply Chain Security Article 45 2-11 Chair of the highest governance body Corporate Governance Management Supply Chain Fair Treatment of SMEs Article 46 Role of the highest governance body in overseeing the Management 2-12 Corporate Governance management of impacts Product and Service Safety and Quality Article 47 Product Quality Data Security and Customer Privacy Protection Article 48 Information Security Role of the highest governance body in sustainability Employees Article 50 Nurturing Workforce 2-14 Corporate Governance reporting Corporate Due Diligence Article 52 Governance 2-15 Conflicts of interest Corporate Governance Stakeholder Sustainability Stakeholder Communication Article 53 Engagement Governance Anti-Bribery and Anti-Corruption Article 55 Business Ethics Anti-Unfair Competition Article 56 Business Ethics GRI Standard Disclosure Title Corresponding Section GRI Standard Disclosure Title Corresponding SectionGRI 3: Material Topics 2021 GRI 305: Emissions 2016GRI 201: Economic Performance 2016 GRI 306: Waste 2020 Financial implications and other risks and opportunities Management of Air, Water due to climate change and Waste Management of Air, WaterGRI 205: Anti-corruption 2016 306-2 Management of significant waste-related impacts and Waste Management of Air, Water and Waste Communication and training about anti-corruption Management of Air, Water policies and procedures and Waste Management of Air, Water and WasteGRI 302: Energy 2016 GRI 401: Employment 2016 Benefits provided to full-time employees that are not provided to temporary or part-time employees Reductions in energy requirements of products and servicesGRI 303: Water and Effluents 2018 403-1 Occupational health and safety management system Health and Safety Hazard identification, risk assessment, and incident investigation Worker participation, consultation, and communication on occupational health and safety GRI Standard Disclosure Title Corresponding Section Appendix 3 Initiative Corresponding Section Goals (SDGs)GRI 404: Training and Education 2016 Employee Rights and SDG 3. Good Health and Well- Ensure healthy lives and promote well-being for Interests; Compensation being all at all ages and Benefits; Employee Career Development and Training Ensure inclusive and equitable quality education Programs for upgrading employee skills and transition Career Development and Career Development and assistance programs Training Training all Employee Rights andGRI 405: Diversity and Equal Opportunity 2016 Achieve gender equality and empower all women SDG 5. Gender Equality Interests; Diversity, Equity and girls and Inclusion SDG 6. Clean Water and Ensure availability and sustainable management Management; Resource Sanitation of water and sanitation for all EfficiencyGRI 406: Non-discrimination 2016 SDG 7. Affordable and Clean Ensure access to affordable, reliable, sustainable Climate Action; Energy Energy and modern energy for all Management Promote sustained, inclusive and sustainable Employee Rights and SDG 8. Decent Work andGRI 407: Freedom of Association and Collective Bargaining 2016 economic growth, full and productive Interests; Compensation Economic Growth employment and decent work for all and Benefits Operations and suppliers in which the right to freedom SDG 9. Industry, Innovation Build resilient infrastructure, promote inclusive of association and collective bargaining may be at risk and sustainable industrialization and foster and Infrastructure Operations innovationGRI 408: Child Labor 2016 Employee Rights and SDG 10. Reduced Inequalities Reduce inequality within and among countries Interests; Diversity, Equity Operations and suppliers at significant risk for incidents and Inclusion of child labor SDG 12. Responsible Ensure sustainable consumption and production Sustainable Products Consumption and Production patternsGRI 409: Forced or Compulsory Labor 2016 Operations and suppliers at significant risk for incidents Take urgent action to combat climate change and Climate Action; Energy SDG 13. Climate Action of forced or compulsory labor Promote peaceful and inclusive societies forGRI 414: Supplier Social Assessment 2016 SDG 16. Peace, Justice and sustainable development, provide access to Corporate Governance Strong Institutions justice for all and build effective, accountable and inclusive institutions at all levels Strengthen the means of implementation and SDG 17. Partnerships for the Supply Chain Management; revitalize the Global Partnership for Sustainable Negative social impacts in the supply chain and actions Goals Customer Collaboration takenAppendix 4Key Performance Indicators Indicator Unit 2023 2024 2025 Indicator Unit 2023 2024 2025 Economic Non-Hazardous Waste RMB 100Total assets 136.94 131.89 131.75 Total non-hazardous waste tons 25,693.20 29,641.77 29,172.71 million RMB 100 Non-hazardous wasteRevenue 91.16 106.37 96.04 tons 25,138.52 28,366.37 27,225.00 million recycled RMB 100 Non-hazardous wasteTotal profit 7.40 9.72 12.62 tons 554.68 1,275.40 1,947.71 million disposed ofSocial contribution value per RMB 2.07 2.36 2.48 Hazardous WasteshareCash dividends (tax RMB 379,184,039.50 455,020,847.40 530,857,655.30 Total hazardous waste2 tons 1,273.74 1,574.63 1,654.02inclusive)Penalties or warningsimposed by the CSRC or the times 0 0 0 Hazardous waste recycled tons 173.58 167.51 192.66Shanghai Stock Exchange Hazardous waste disposed tons 1,100.16 1,407.12 1,461.36 Environmental Performance of Direct Energy Consumption Environmental GovernanceEnvironmental governance Gasoline consumption liters 136,287.62 116,844.23 115,570.36 RMB 10,000 4,888.85 2,592.03 4,419.06investmentCompliance rate of waste Diesel consumption liters 84,743.74 81,966.38 67,304.50gas and wastewater % 100 100 100discharge Natural gas consumption standard m3 8,038,036.06 9,072,021.91 9,871,391.98 Air Emissions LNG consumption tons 39.95 33.73 25.96Total air emissions tons 157.74 186.85 166.44 Indirect Energy ConsumptionNOx emissions tons 12.48 19.19 12.89 Purchased electricity MWh 548,125.80 572,539.20 638,351.46Non-methane hydrocarbon tons 143.81 160.10 146.74emissions Purchased steam tons 88,293.54 105,016.38 106,397.67Sulfur dioxide and other tons 1.45 7.56 6.81particulate matter figures were adjusted accordingly. Indicator Unit 2023 2024 2025 Indicator Unit 2023 2024 2025 Renewable Energy Labor contract coverage % 100 100 100 Occupational disease Solar power generation MWh 19,856.00 33,750.00 63,736.00 cases 0 0 0 incidents Electricity Savings Total training hours hours - 131,760.86 156,608.15 Average training hours per Annual electricity savings MWh 3,555.00 3,765.00 8,547.00 hours - 19.40 22.76 employee Water Consumption Health and Safety Number of employee work- Total water use tons 2,837,925.16 3,284,127.48 3,860,834.66 cases 57 43 42 related injury incidents Total wastewater discharge tons 1,577,121.45 1,892,370.20 2,323,235.50 Lost work hours hours 25,640 26,152 18,769 Lost-time injury frequency Total water consumption tons 1,260,803.71 1,391,757.28 1,537,599.16 rate per million hours / 4.13 3.15 3.08 worked Total recycled water use tons 153,672.00 167,868.00 208,734.00 Total number of employees people 6,070 6,512 6,576 trained in EHS Social Performance Suppliers Total number of employees people 6,936 6,791 6,882 Total number of suppliers companies 1,157 1,135 1,146 Total number of male people 4,855 4,815 4,964 Number of suppliers in employees companies 1,109 1,090 1,102 mainland China Total number of female people 2,081 1,976 1,918 Number of overseas employees companies 48 45 44 suppliers Percentage of female % 30.00 29.10 27.87 employees Number of employees with people 26 21 30 disabilities Female board members % 11 22 22 Return-to-work rate after % 100 100 100 childcare leave Social insurance coverage % 100 100 100 Shanghai Zijiang Enterprise Group Co., Ltd.Shanghai Zijiang Enterprise Group Co., Ltd.Address: 7C, Hongqiao Business Building, 2272 Hongqiao Road,Changning District, ShanghaiPhone: +86-21-62377118Email: zijiangqy@zijiangqy.com
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