Sustainability Report
Guangdong Great River Smarter Logistics Co., Ltd.
Stock Code | 002930
Bond Code | 128121
Report Compilation Instructions
This report is the fifth Corporate Social Responsibility Report / Environmental, Social, and Corporate Governance Report /
Sustainability Report disclosed by Guangdong Great River Smarter Logistics Co., Ltd. since its listing in 2018. The report adheres to
the principles of objectivity, standardization, transparency, and comprehensiveness, and aims to openly and transparently reflect
the concepts and practices of Guangdong Great River Smarter Logistics Co., Ltd. in the areas of environment, society, and
corporate governance to the government or regulatory authorities, shareholders and investors, employees, customers, suppliers,
partners (industry partners/media organizations/NGOs, etc.), community residents, and other stakeholders.
Reporting Time Frame Source of Data
The scope of this report covers the period from January 1, 2023, to December 31, 2023. In order to enhance The financial data in this report is sourced from the annual financial report of 2023, while other information is
comparability and completeness of the report, some content may be extended beyond the intended time frame. obtained from official documents and public information of the company. The monetary amounts mentioned
in the report, unless otherwise specified, are stated in Chinese Yuan (RMB). The company is responsible for
the truthfulness, accuracy, and completeness of the content of this report.
Scope of the Report
This report is based on Guangdong Great River Smarter Logistics Co., Ltd. and covers the company's wholly-
owned subsidiaries and holding subsidiaries, with some content also covering joint ventures and associated Report Release
companies of the company. This report is released in both Chinese and English electronic versions on the CNINFO website
(www.cninfo.com.cn). In case of any discrepancy between the English translation and the Chinese version, the
Chinese version shall prevail.
Report Reference Standards
Feedback Channels
If you have any questions or suggestions regarding this report, please feel free to contact us via:
Shenzhen Stock Exchange No. 1 - Standard Operation of Main Board Listed Companies” Email: grsl@grgroup.cc
Shenzhen Stock Exchange No. 17 - Sustainable Development Reporting (Trial)"
Catalogue
Management
GOVERNANCE SERVICE ENVIRONMENT SOCIETY
and Transportation
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | appendix 01/02
Message from Chairman
Recently, I gave a speech titled "The Path of Righteousness in the Changing World - Learning and Growing in Adversity"
to all employees within the company. Taking this opportunity, all GR people collectively looked back on the key milestones
in the development of the company. Our first tank storage project began in a banana field on Lisha Island, Humen,
Dongguan. At that time, the GR people overcame numerous difficulties such as manpower shortage, lack of funds, and
technology, and after 7 years, they successfully built our first warehouse area - Dongguan Evergrowing Terminal. They also
withstood the test of the market and established a strong presence in the South China market. Many of you may doubt: why
do you want to talk about this matter? Well, after experiencing ups and downs over the years, I believe it is precisely the
perseverance and resoluteness of "seven years honing a sword" that have led to the success of Guangdong Great River
Smarter Logistics Co., Ltd. today. The resilience of pushing forward no matter how long and winding the road ahead is
deeply imprinted in the genes of Guangdong Great River Smarter Logistics Co., Ltd., becoming our greatest confidence
when facing market fluctuations and challenges.
Strong Resilience in Performance Growth
In 2023, although the prospect of domestic economic recovery is bright, it still appears to be challenging and full of twists and turns.
Internationally, frequent black swan events occur, and the external environment becomes increasingly complex, severe, and
unpredictable. In such a context, the overall sentiment in the chemical industry in which we operate remains low, and both upstream
and downstream customers are facing significant business pressures. However, the GR people always face various challenges with
confidence and a positive attitude towards development, as expressed in the saying: "In the dim twilight, we look at the vigorous
pines, and amidst the chaotic clouds, we still remain composed." Guided by the vision of "integrating high-quality resources to
provide professional logistics services for the vast chemical industry," Guangdong Great River Smarter Logistics Co., Ltd. has always
adhered to a customer-centric approach. With satisfactory service, innovative models, and unremitting efforts, the company has
gained the trust and support of its customers.
In 2023, Guangdong Great River Smarter Logistics Co., Ltd. achieved operating revenue of 1.547 billion yuan, representing a
year-on-year growth of 22.48 %. The company also achieved a net profit of 296 million yuan, showing a year-on-year
growth of 32.03%. Since its listing, Guangdong Great River Smarter Logistics Co., Ltd. has always adhered to the corporate
mission of "building a development platform for employees, providing high-quality services to customers, creating
comprehensive value for society, and obtaining substantial returns for shareholders". With practical actions, it has depicted
a strong upward growth trajectory and demonstrated great resilience.
Business Expansion Through M&A and Organic Growth by Internal Strategy
In the past year, Guangdong Great River Smarter Logistics Co., Ltd. actively responded to the changing market conditions. The strategic
advancement of the first main business, which is terminal tank storage services, and the second main business, comprehensive chemical
warehouse logistics services, progressed smoothly. This has led to steady development in the direction of becoming a comprehensive
chemical logistics service provider. The core asset scale and overall profitability have further improved.
Over the past year, we have seized the market opportunities for mergers and acquisitions and achieved remarkable results in the Yangtze
River Delta region. In April 2023, Ningbo Ningxiang successfully acquired the 23,100 cubic meter storage tank assets of Ningbo Chenling,
injecting new vitality into the company's business expansion. In September of the same year, Nantong Power Shell Petrochemical successfully
acquired 100% equity of Nantong Yilian and obtained its assets of 617,000 cubic meters of storage tanks, further consolidating our leading
position in the Jiangsu region. After being renamed as "Nantong Hongzhi," Nantong Yilian has merged into Nantong Base. The establishment
of the Nantong base not only demonstrates the strong scale and strength of GR in the Yangtze River Delta region but also further solidifies our
overwhelming industrial cluster advantage nationwide, laying a solid foundation for the company's future development.
Chairman of Guangdong Great River Smarter Logistics Co., Ltd.
Lin Haichuan
In the past year, we steadily made progress and continuously advanced the construction work of the chemical warehouse project.
Currently, the main construction of the chemical storage facilities in Chengdu and Nantong is progressing smoothly. It is expected that they
will be put into operation seccessively in the near future, providing strong support for the company's business expansion. Meanwhile, new
construction and expansion projects for chemical warehouses in Changzhou, Changshu, and other areas are also advancing vigorously. With
the rapid growth of GR's secondary business, we will open up a broader space for performance growth for listed companies, consolidate GR’s
Dear shareholders of Guangdong Great River Smarter Logistics Co., Ltd.,: leading position in the chemical storage and logistics market, and significantly enhance our competitiveness in the industry.
Greetings! In terms of value-added services, Guangdong Great River Smarter Logistics Co., Ltd. has comprehensively promoted the "smart customer
As of the end of 2023, Guangdong Great River Smarter Logistics Co., Ltd. has a total of 10111 shareholders. This number service" in various warehouse areas, and the income has continued to grow. Nantong Power Shell Petrochemical Co., Ltd. and Taicang Power
represents not only 10111 solid trusts but also 10111 firm support and expectations. Every shareholder is an indispensable Shell Petrochemical Co., Ltd. have achieved new breakthroughs in the operation of tank cleaning and sewage reception and treatment stations
part of the company, and every bit of trust is the driving force behind our progress. Every year at this time, I write a letter in the two warehouse areas. The operation of hazardous chemical vehicle road ports projects in Nantong, Taicang, Changzhou, and other
to share with everyone and address the questions of concern. This year, as always, I would like to talk to everyone about our areas has been smooth, expanding our service chain. In addition, Guangdong Great River Smarter Logistics Co., Ltd.'s wholly-owned
business updates and outlook. subsidiary, Jiangsu Guangdong Great River Smarter International Logistics Co., Ltd., has started building a transportation fleet and an
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 03/04
integrated platform for warehousing and distribution, marking the official extension of Guangdong Great River Smarter Logistics Co., Ltd.'s resources, driving the company to constantly pursue excellence in all aspects. Externally, we leverage the advantages of multiple
service chain into the field of hazardous goods transportation. warehouses, broad layout, and regional superiority to vigorously promote innovative and specialized services such as "live storage, live
With the steady development in 2023, the storage capacity of Guangdong Great River Smarter Logistics Co., Ltd.'s tanks has increased by redemption" and damage-free transfer. Internally, we continuously carry out benchmarking studies, and through the management model
Great River Smarter Logistics Co., Ltd. has a total land area of nearly 6200 mu in 14 major chemical storage bases nationwide, which are industry is due to our consistent high level of strategic focus. Based on the petrochemical warehousing industry, which has significant
strategically located in the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, Bohai Rim, Southeast Coastal, and barriers such as "financial barriers," "resource barriers," "qualification barriers," and "time barriers," we have been steadfastly expanding
Chengdu-Chongqing Economic Circle. These locations are the most economically active and concentrated areas for the petrochemical in the field of chemical warehousing since the establishment of our first storage area, Dongguan Evergrowing Terminal. This major
industry in China. With significant scale and geographical advantages, the company is able to fully leverage the cluster effect and synergy direction will not change in the long term. We are committed to continuously promoting the business model of "dual core business of
effect of the industry. dock tanks and chemical warehouses + value-added services" towards a deeper level. We aim to thoroughly understand the chemical
Intelligent Warehouse Area and High-efficiency Development warehousing industry chain through "focus" and explore the industry's competitive moat through "expansion", in order to ensure that our
Over the past year, we have been unwavering in promoting technological innovation and committed to the construction of a smart library company maintains a leading position in the fierce market competition.
zone. By continuously improving the automation, informatization, and intelligence level of the warehouse, the safety management has been As the saying goes, "After endless sifting and straining, the purest gold remains." At the beginning of 2024, although our business
strengthened, the operational efficiency has been enhanced, the customer service has been optimized, and the profitability has been performance still ranks at the top of the industry, our profits have been impacted to a certain extent due to the overall pressure
significantly increased. Currently, we will seize the opportunity to cultivate and develop "new productive forces" at the national and provincial on the industry. However, we expect that as the economy continues to improve, our performance will return to normal more
levels. We will actively promote the technological transformation and innovation work in other warehouse areas. The goal is to forge our own quickly.
"new productive forces" for the long-term development of GR. We will create a unique CR feature in the industry and export the GR model. Moreover, during the relatively weak demand for chemical storage, we predict that mergers and acquisitions in the entire industry
In addition, we also pay close attention to the development of artificial intelligence, a cutting-edge technology, and actively explore will further accelerate. Some high-quality wharf tank assets will enter the market seeking opportunities for acquisition, which
its application in our industry. We will increase investment in artificial intelligence technology and integrate it with intelligent library zone will bring us more M&A opportunities.
construction, business process optimization, and improvement of customer services to achieve more efficient, accurate, and GR now has a healthy cash flow, and with the reduction of bank interest rates, our capital costs will also decrease. The advantage in
intelligent operational management. funding will provide us with a guarantee to firmly promote the M&A development strategy. As our scale continues to expand,
Leading Safety and Environmental Performance with Great Responsibility GR is expected to gain more say in the future market.
Over the past year, we have placed great importance on exploring and practicing in the area of ESG. ESG not only matters a Overall, this year, we plan to deepen our services in four core directions based on our established development strategy, striving to
company's economic efficiency, but also its social responsibility and sustainable development. As a forward-thinking public company, create greater value for our customers.
especially in the key field of chemical warehousing, we are well aware that the sustainable development of a company depends on a First, expanding from commercial base to industrial database. We will firmly follow the development trend of the
reverence for the environment, a commitment to social contribution, and a continuous pursuit of excellence in governance. petrochemical industry park, establish close cooperation with large-scale petrochemical enterprises, create professional
Guangdong Great River Smarter Logistics Co., Ltd. always integrates the ESG concept throughout the entire process of the supporting warehouses, and seek opportunities for mergers and acquisitions of industrial warehouses.
company's development, committed to creating more value for society, the environment, and shareholders. Second, expanding from the domestic market to the international market. We will actively seek to acquire overseas high-quality
In the field of safety and environmental protection, we consistently practice the HSE culture of GR, treating safety and chemical storage projects in order to provide more diversified and globalized warehouse logistics services, enhance the company's
environmental protection as the lifeline of our business operations. We are also actively promoting the construction of a digital HSE international competitiveness.
management system, prioritizing HSE management and achieving precise control over all aspects of HSE management work. Third, expanding towards the role of integrated warehousing and distribution solution provider. We will participate in the
In terms of public welfare and charity, we continuously practice corporate social responsibility in areas such as poverty alleviation, reconstruction of the supply chain, providing customers with integrated and coordinated one-stop warehousing and logistics
education funding, and environmental protection through the Hao Shan Public Welfare Foundation, the 620 GR Public Welfare Day, the solutions through the integration and coordination of resources.
GR Spark Volunteers, and various local public welfare organizations. Fourth, extending our business service to new energy and green chemistry industry rather than only stay in fossil fuels and
In the field of social services, as the president unit of the Dongguan Listed Companies Association, Guangdong Great River Smarter traditional chemical industry. We will focus on the warehousing demand for key varieties such as biodiesel, liquid ammonia, and
Logistics Co., Ltd. will continue to play a leading role in 2023. Leveraging its own experience and resources, it will help the association green methanol to seize future market opportunities.
fully leverage its role as a bridge between the government and enterprises and contribute to the high-quality development of the Focus allows us to resonate with the industry, while innovation enables us to symphonize with the times. GR continues to
Dongguan capital market. deeply cultivate the petrochemical storage and logistics industry, committed to providing solid storage and logistics support for the
Management Improvement, Learning Through Benchmarking efficient operation of the chemical industry chain.
In the past year, against the backdrop of a generally sluggish industry, Guangdong Great River Smarter Logistics Co., Ltd. has We aim not only to become a benchmark enterprise in HSE that is recognized by employees, respected by society, and
focused on honing its internal capabilities and cultivating its foundation, constantly improving efficiency within its management. leading the industr, but also to grow into a globally leading century-old enterprise, ensuring a thriving and everlasting
In terms of reducing costs and increasing efficiency, the management aims to optimize the allocation of human resources to business.
enhance the collaborative efficiency of the team and the individual work effectiveness. Through strengthening scientific investment Finally, we would like to thank all the GR shareholders for your unwavering attention and support!
decisions, multiple measures are taken to ensure that every penny can generate the maximum efficiency. In addition, by rationalizing the
use of funds, the management aims to continuously improve the efficiency of fund utilization and financial management level.
In terms of team building, continuous improvement and optimization of talent management and motivation mechanisms are carried
out. Through more scientific and reasonable management methods, the potential of each employee is stimulated to achieve resonance
between personal and corporate development. The consensus of "unity, determination, common goals, and common development" is
constantly strengthened, creating a leading team with combat effectiveness and cohesion.
In terms of leveraging the advantages of the cluster, we will continue to strengthen the integration of internal and external
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 05/06
About GR
Company Profile Corporate Culture
The company is an innovative petrochemical product logistics and comprehensive service provider, mainly Corporate culture is a vital component of a company's core competitiveness , including 6 major cultural aspects:
offering storage and integrated services, as well as other related services, to domestic and foreign
petrochemical product manufacturers, traders, and end users. Safety Mission: Life First, Safety Priotized
Safety Vision: Peaceful and Happy Homeland
Safety Principles: Strictly adhere to safety baselines, take responsibility, strive for prevention, and strengthen management.
Safety Values: Respect, strong execution, technology-driven
Terminal Tank Warehouse Integrated Service Safety Purpose: Harmony between man and nature, long-term peace and stability
Safety Goals: Zero violations, zero loopholes, zero mistakes, zero accidents, zero casualties
Relying on the company's dock, pipelines, tanks, and loading platforms to provide customers with integrated cargo services, covering the Safety Policy: Well-rounded, rigorous, pragmatic, and comprehensive; focus on monitoring, prevention, management, and continuous
entire process of loading, unloading, and storage. improvement.
Integrated Logistics Services for Chemical Warehouses
The HSE culture ensures the integrated management system of "health, safety, and
Relying on the company's chemical warehouses, sub-packaging equipment, hazardous goods vehicles, and other resources, the company environmental protection", with a core focus on human-centered approach.
provides customers with integrated warehousing and distribution services for goods. The business involves the entire process of
transportation, loading and unloading, and warehousing.
Pursue mutual benefits through
Transit and Other Services complementing each other's strengths
including lightering, transit, direct unloading of vehicles and ships, and ship supplies, etc., without involving warehousing processes. and helping each other to make progress HSE Culture
Working as a synergy for business Respect and be grateful to your parents
Logistics Chain Management Service expansion and one-stop service A journey of love and care for the family
Collaborative
Utilizing the company's outstanding business management capability, providing customers with integrated warehousing and logistics Family Culture Employee mutual assistance fund
Culture
services, including warehouse agency services, process control services, and more, through service output.
Employee-centric
Storage agency service Process control service
provide customers with services such as safety, quality Provide customers with services such as time, loss, and quality
Employee satisfaction
inspection, cargo rights supervision, and handling of control throughout the logistics process.
inbound and outbound goods during the storage period; customer satisfaction
Supervisor to subordinates: Communication Satisfactory
department satisfaction
Give more praise and encouragement Culture Culture
Value-added Services Subordinates to their superiors:
including intelligent customer service, cabin cleaning and wastewater treatment services, goods warehousing and exchange services, Offer more suggestions and ask more questions
Leading Culture
hazardous chemical vehicle road and port services, and other services
Smart customer service Tank cleaning and sewage treatment service
customers can achieve electronic trading, online transfer, The company uses its own terminal to build a water-based cleaning Leading enterprise
and storage of goods' property rights by using the station to provide professional cargo hold cleaning services for leading team, leading management, leading talent, leading concept
company's smart customer service system. The smart liquefied vessels; the wastewater generated from the tank cleaning
customer service system provides customers with safe, is finally transported to a dedicated sewage treatment facility after leading benefits
efficient, and convenient transaction services. being received and stored, and then discharged up to standard.
Goods circulation and exchange service Hazardous chemical vehicle road port service Company Vision Company Mission Company Values
Relying on the cluster advantages and large inventory of According to national regulations and entrusted by government Integrate high-quality resources to provide
warehouses in various locations, providing customers with departments, providing qualification certification inspections, vehicle Build a development platform for employees Integrity
remote access services for petrochemical products of the condition inspections, vehicle storage, emergency maintenance, professional logistics services
Provide high-quality service to customers win-win
same quality and quantity, reducing the comprehensive refueling of vehicles, tank cleaning, and other services for hazardous for the large chemical industry.
logistics costs of customers, and improving customer chemical vehicles entering the chemical industrial park, as well as Create comprehensive value for society efficiency
operation efficiency. providing lounges and restaurants for drivers and escorts. To obtain handsome returns for the shareholders innovation
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 07/08
During the reporting period As of the date of this report
Focusing on Revenue contribution of terminal
warehousing integrated service
Revenue contribution of chemical
warehouse integrated service
Total tank
capacity
Total chemical
warehouse capacity
Total warehouse
capacity under construction
Core Business 88.37 % 5.39 % 5,186,900 64,900 94,100
cubic meters cubic meters cubic meters
Nanjing Great River Changzhou Great River
Nantong Power Shell Petrochemical
Rizhao Great River
Nanjing Nantong Great Smart
Cangzhou Great River
Nantong Nantong Base
Changzhou
Weifang Great River Cangzhou
Chengdu Great Smart Warehousing
Weifang
Rizhao Suzhou
(Changshu)
Suzhou
(Taicang)
Chengdu
Ningbo
Zhongshan Hongchuan Taicang Power Shell
Quanzhou
Petrochemical
Dongguan
Zhongshan Jiangsu Changjiang
Dongguan Evergrowing Terminal
Petrochemical
Changshu Base
Dongguan Great River Petrochemical Terminal
Lishadao Base
Changshu Great River Changshu Great Smart
Dongguan Great River Petrochemical Terminal Diagram
Fujian Gangfeng Energy Terminal Holding
Unit: trillion yuan 1.0 ~ 1.5 Station
Storage Delivery Goods Warehousing Shareholding
Ningbo Ningxiang 0.0 ~ 0.5 1.5 ~ 2.0 Tank Warehouse and Exchange
Chemical Hazardous Service
Joint Venture
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 09/10
Annual Honors and Awards
Awards from Government Agencies / Non-profit Organizations
Guangdong Great River
Dongguan Evergrowing Terminal Dongguan Evergrowing Terminal Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd
Smarter Logistics Co., Ltd
Advanced Collective for Donating to
Promote Education in the
Narcotic Substance Unit Healthy Enterprise Workers' Home Enterprise in Taicang City in 2022
Communist Party Committee and Dongguan Public Security Bureau/Dongguan Dongguan Patriotic Hygiene Jiangsu General Labour Union Communist Party Committee of
People's Government of Jingfeng Town Emergency Management Bureau/Dongguan Campaign Committee Taicang City/Taicang Municipal
Narcotic Chemicals Management Association People's Government
Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd
Suzhou March Eighth Jiangsu Standardized
Security AAAA-level Reputation Vanguard Service Enterprises
Red Flag Collective Archives
Unit Honor Certificate
Suzhou Municipal Bureau of Human Resources Suzhou General Labour Union Suzhou Women's Federation Taicang Archives Taicang Port Economic and Technological
and Social Security/Suzhou Office of the Leading Development Zone Management Committee
Group for Construction of Social Credit System
Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd Taicang Power Shell Petrochemical Co., Ltd Nantong Power Shell Petrochemical Co., Ltd Nantong Power Shell Petrochemical Co., Ltd
Advanced Enterprise in Safety and
Environmental Protection Work Worker Vanguard
Enterprises in Taicang Port Enterprise in Taicang Port Safety Work in 2022
in Taicang Port in 2022
Working Committee of the Communist Working Committee of the Communist Party of Working Committee of the Communist Party of China Nantong General Labour Union Rugao City Transportation Bureau
Party of China Taicang Port/Management China Taicang Port/Management Committee Taicang Port/Management Committee of
Committee of Taicang Port, Jiangsu of Taicang Port, Jiangsu Taicang Port, Jiangsu
Nantong Power Shell Petrochemical Co., Ltd Nantong Power Shell Petrochemical Co., Ltd Nantong Power Shell Petrochemical Co., Ltd Nantong Great Smart Changshu Great River
Service Development Safety (Emergency) Work Safety Work in 2023 Facility Security in 2022 Management Enterprise
Rugao City Transportation Bureau Rugao City Transportation Bureau Rugao Fire Safety Committee Office Rugao City Transportation Bureau Changshu Ecology and
Environment Bureau, Suzhou City
Changshu Great River Changshu Great River Changshu Great Smart Nanjing Great Rive Changzhou Great River Petrochemical Terminal Co., Ltd
Service Enterprise Party Organization Firefighting Work in 2022 Safety Work in 2023
Working Committee of the Communist Party of Communist Party of China Changshu Working Committee of the Communist Party of Fire Rescue Brigade of Nanjing Communist Party Committee and
China Changshu Economic and Technological Economic and Technological China Changshu Economic and Technological Chemical Industry Park People's Government of Changzhou City
Development Zone/Management Committee Development Zone Working Committee Development Zone/Management Committee of
of Changshu Economic andTechnological Development Zone Changshu Economic and Technological Development Zone
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 11/12
Industry Association Awards and Honors
Changzhou Great River Changzhou Great River Guangdong Great River
Petrochemical Terminal Petrochemical Terminal Smarter Logistics Co., Ltd Dongguan Evergrowing Terminal Taicang Power Shell Petrochemical Co., Ltd
Top 10 Enterprises in Modern Corporate Social Responsibility
Worker Pioneer Role Model Service Industry in 2022 Meritorious Member Unit AAAA Logistics Enterprise
Contributing Enterprise
China Occupational Safety and China Federation of Logistics China Federation of Logistics
Health Association and Purchasing and Purchasing
Changzhou General Labour Union Working Committee of the Communist Party of China
Changzhou National Hi-Tech District; Management
Committee of Changzhou National Hi-Tech District
Nantong Power Shell Petrochemical Co., Ltd Nantong Power Shell Petrochemical Co., Ltd Nantong Great Smart
Changzhou Great River Changzhou Great River
Petrochemical Terminal Petrochemical Terminal Safety Management Enterprise Three-star Green Port Three-star Green Port
China Federation of Logistics Jiangsu Comprehensive Jiangsu Comprehensive
and Purchasing Transportation Association Transportation Association
Special Taxation 2022 Innovation
Award in 2022 Breakthrough Award
Changzhou Great River
Changshu Great River Changshu Great Smart
Administrative Committee of Changzhou Administrative Committee of Changzhou Petrochemical Terminal Co., Ltd
Binjiang Economic Development Zone, Jiangsu Binjiang Economic Development Zone, Jiangsu
Safety Equipment Technology
Innovation Enterprise
Changzhou Great River Changzhou Great River Changshu Narcotic Chemicals China Federation of China Federation of
Petrochemical Terminal Petrochemical Terminal Industry Association Logistics and Purchasing Logistics and Purchasing
Clean Enterprise in 2022 2022-2023 Advanced
Grassroots Party Organization
Media Awards and Honors
Administrative Committee of Changzhou Communist Party of China Changzhou Binjiang
Guangdong Great River Guangdong Great River
Binjiang Economic Development Zone, Jiangsu Economic Development Zone Working Committee
Smarter Logistics Co., Ltd Smarter Logistics Co., Ltd
"Star" Company Communication Award
Dazhong Securities News Panorama Net
Customer/Supplier Awards and Honors
Dongguan Great River Changzhou Great River
Dongguan Evergrowing Terminal
Petrochemical Terminal Petrochemical Terminal Co., Ltd
Service Provider
CNPC South China Petrochemical Hengli Group Co., Ltd Sinopec Chemical Sales Co., Ltd.
Sales Company East China Branch
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 13/14
Sustainable Development Management
ESG Governance System ESG Governance Framework
The company has always adhered to the corporate The company has established a scientific ESG management system, actively carries out ESG management work, and promotes the long-term sustainable
mission of "building a development platform for development of the company. The Board of Directors Strategy and Sustainableevelopment Committee fulfills the regulatory responsibilities for sustainable
employees, providing quality services to customers, development and establishes a Sustainable Development Leadership Task Force to effectively promote ESG governance at Guangdong Great River Smarter
creating comprehensive value for society, and achieving Logistics Co., Ltd.
substantial returns for shareholders." It values the deep
integration of ESG management concepts with the Audit Committee Audit Department
company's development strategy, continuously improves
ESG management mechanisms, clarifies ESG
Strategic and Sustainable Development Committee Sustainable Development Leadership Working Group
management objectives, and strives to enhance the level
of ESG management while ensuring the achievement of
company's operational goals. It actively responds to the Compensation and Evaluation Committee
Board of Directors
expectations of various stakeholders, continuously
creates long-term value for society, and safeguards
sustainable and high-quality development of the Nomination Committee
company.
HSE Management Office
HSE and Innovation Committee
Technology and Innovation Office
Decision-Making Level Management Team Executive Layer
Board of Directors Strategy and Sustainable Development Centers/business
Sustainable Development Committee Leadership Working Group units and subsidaries
As the highest authority and decision-making body Composed of senior management, the company Implement specific ESG-related work in accordance
for ESG matters in the company, it is responsible establishes ESG management objectives that align with established management targets and
for deciding the direction of sustainable with the company's development stage and mechanisms, and regularly report work progress to
development strategy, supervising and guiding the supervises the implementation of these objectives. the Sustainable Development Work Group.
implementation of ESG work, and ensuring the
smooth operation of ESG Management.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 15/16
ESG Goals
Governance Service
Optimizing sustainable development management Build a smart warehousing management platform
Establish a three-tier governance structure of "decision-making level, management level, and Continuously increasing investment in informatization, optimizing multiple functions of the five
execution level", and formulate sustainable development management principles and major information platforms for intelligent warehouse management
management objectives
Continuous improvement of customer satisfaction
Strengthen stakeholder communication Optimize the customer service system, standardize customer complaint handling, achieve a
Enhance communication and interaction with stakeholders, conduct stakeholder opinion surveys 100% customer complaint handling rate, and 0 major customer complaint in 2023
through questionnaire
Increase investment in scientific research and innovation
Standardize risk and compliance management Invest 53.4623 million yuan in R&Dthroughout the year, a total of 233R&D personnel, apply for
Integrate risk control into daily operations, establish risk management and internal control systems 130 patents
that cover all aspects, and continuously improve risk prevention capabilities
Enhance Information Safety and Privacy Protection
Enhance business ethics education and training Customer information and all internal and external information are subject to usage
Training on business ethics were conducted throughout the year, achieving a 100% employee authorization and confidentiality provisions. There have been no incidents of information
sign-off rate on the "Anti-Corruption Commitment Letter". leakage throughout the year
Environment Society
Promoting Environmental Management System Certification Strengthen safety production and operation
Perfecting the "Environmental Protection Management Measures," passing the recertification Implement a performance assessment system for the HSE based key responsibility, carry out hidden
audit of the ISO14001 Environmental Management System, and obtaining Green Port danger investigation throughout the year, provide safety training 386 times.
Certification for some subsidiaries. Ensure occupational health and safety
Climate risk identification and response Successfully passed the recertification audit for the ISO 45001 Occupational Health and Safety
Identify climate-related risks that may affect the Group, establish a list of climate change risks Management System; achieved a 100% employee physical examination rate throughout the year, with zero
and opportunities, and develop corresponding response measures occupational diseases and zero casualties.
Reduce energy consumption and carbon emissions Enhance employee salary and benefits levels
Throughout the year, regular energy assessments are conducted in each warehouse area, and Improve a diversified welfare system, with a 100% annual employee social security coverage rate, and 623
energy-saving equipment renovation projects are carried out; carbon inventory work is gradually person-times covered by the stock incentive plan
being implemented in each warehouse area. Prioritize employee development and training
Improve water resource utilization rate Improved the dual-channel promotion mechanism for both management and technical roles, and
Improving water resource management regulations and implementing measures such as continuously developed the "E-Enterprise Learning" online learning platform of GR Management Academy.
Throughout the year, employees received a total of 3,540 hours of training, with an investment of 929,600
rainwater collection and utilization, as well as the recycling of reclaimed water. Throughout the
yuan in training programs.
year, 23,258 tons of reclaimed water were reused.
Increase investment in pollution prevention and control Standardize sustainable management of suppliers
Promoted the continuous improvement of ESG performance among supplier partners, strengthened end-
Construct a total of 2 washing stations, equipped with 10 sets of sewage treatment systems
to-end supplier management, conducted annual comprehensive evaluations, and achieved a 100% signing
Develop green storage and transportation business rate for the supplier integrity and compliance clause.
Throughout the year, each warehouse area carried out VOCs (Volatile Organic Compounds)
Increase investment in community development and public welfare activities
treatment and improvement work, reducing emissions by 464.24 tons. 536.84 tons of solid Carried out distinctive public welfare activities such as charitable donations, safety awareness campaigns,
waste were declared, and the emissions of the three wastes (waste gas, wastewater, and solid and environmental protection initiatives. Throughout the year, employees participated in public welfare
waste) all met the required standards. activities for a total of 192 hours, and the company made donations totaling 1,664,400 yuan.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 17/18
Stakeholder Engagement
The company attaches great importance to communication with various stakeholders, fully respects and safeguards their legitimate rights and interests. In response to the characteristics of different stakeholders, the company
has established diverse and efficient communication channels, aiming to ensure stakeholders' right to information and proactively understand and respond to their concerns and demands.
Stakeholders Communication Requests Methods of Communication Issue response
· Comply with laws and disciplines · information disclosure
· corporate governance
Government/ · tax payment by law · special report · business ethics
· risk management
regulatory agencies · safe operation · statistical statement · production safety management
· taxation management
· support economic development · field visit and research
· development strategy
· sustainable development management
· company performance · general meeting of shareholders · reverse roadshow
· corporate governance
Shareholders/ · corporate governance · information disclosure · interactive E platform
· risk management
Investors · risk management · research and communication · investor relations hotline
· taxation management
· profits distribution · roadshow · investor relations email
· business ethics
· enhance communication
· protection of human rights
· Occupational Health and Safety
· employee care · Employee Congress
· Compliance Employment and Equal Opportunities
Employees · compensation and benefits · Employee satisfaction questionnaire
· Employee Welfare Protection
· training and career development · Reasonable Suggestion
· Training and Career Development
· health and safety management
· cargo loss rate
· time management · customer satisfaction survey for service · service improvement system · R&D and innovation
Customer · safe operation · regular follow-up visits · customer experience · protection of intellectual property
· good faith operation · complaint and feedback channels · information security and privacy protection · green storage and transportation
· expand business scope
· strengthen communication and cooperation
· annual assessment of suppliers · business ethics
Supplier · good faith operation
· supplier joint technology training · supplier management
· responsible procurement
Fellow industry · fair competition
· sign the agreement and contract · business ethics
partners/media · strengthen communication and cooperation
· collaborative research and exchange of professional technology · promoting industry development
organizations/NGOs, etc · mutual benefit, common development
· climate change response · emissions management
· establish communication mechanisms
· participate in community activities · environment management system · waste management
· on-site investigation and research
Public community · maintain ecological safety · carbon emissions management · ecological conservation and land management
· participating in social welfare
· promotion of employment · energy consumption and management · environmental protection education
· conducting volunteer activities
· water management · community contribution
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 19/20
Material Issue Analysis
The company continues to monitor the dynamics and trends of sustainable development in its industry. Based
on the "substantial" principle in the Global Reporting Initiative's "Sustainability Reporting Standards" (GRI Matrix of Material Issues
Standards), the company integrates its vision, mission, values, and concepts of sustainable development with High
the demands of various stakeholders. It continues to conduct identification, research, evaluation, and
disclosure of substantive issues, establishing topics that are important to both the company and its 1
stakeholders, and using them as important guidelines for sustainable development management. 11 6 2
Importance to Stakeholders
Process of Issue Analysis 23
By analyzing policy documents, disclosure The Board of Directors is responsible for 15
standards, benchmarking with industry peers, reviewing the evaluation of substantive issues, 27
etc., a total of 29 issues were identified across ultimately forming a matrix for the analysis of
governance, environment, service, and social substantive issues, which serves as a key focus
aspects, forming the company's 2023 for the management and reporting of the
sustainability issue repository. company's sustainable development. Governance
Service
Society
Low Importance of Sustainable Development for GR High
Identify Disclose
Significance Scope GR 2023 Significance Scope GR 2023
Stratification Sort of Issues Issue Repository Stratification Sort of Issues Issue Repository
Research Evaluate Core
Key
Issues Issues
Opinions were collected from the government or Based on the survey results of stakeholders
regulatory agencies, shareholders and investors, and combined with expert suggestions in the
employees, customers, suppliers, partners field of sustainable development, the
(industry partners/media organizations/NGOs, importance of substantive issues was ranked 11 Service Information Security and Privacy Protection 26 Environment Environmental Protection Promotion
etc.), community residents, and other stakeholders from the perspectives of "importance to 12 Environment Carbon Emissions Management 27 Society Supplier Management
General
Key
through questionnaire surveys. A total of 681 stakeholders" and "importance to Guangdong Issues Governance Risk Management
Issues
Society
questionnaire survey responses were received. Great River Smarter Logistics Co., Ltd.".
GOVERNANCE
Standardizing Corporate Governance
Corporate Governance
Risk and Compliance
Risk Management
Tax Management
Business Ethics Practice
Anti-corruption
Anti-unfair Competition
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 23/24
Standardizing Corporate Governance
Corporate Governance
Based on the requirements of relevant laws and regulations such as the "Company Law" and "Securities Law," the company has established a standardized governance
structure and formed a corporate governance system with clear responsibilities, checks and balances, and efficient operations.
Guangdong Great River Smarter Logistics Co., Ltd.
General Meeting of
HSE and Innovation Committee
Shareholders
Board of Supervisors Strategy and Sustainable Development Committee
Board of Directors Compensation and Evaluation Committee
Nomination Committee
Management Team Audit Committee
Terminal Tank Sector Chemical Warehousing Integrated Logistics
Directors Office
Board of
Finance Center
Administrative Center
Procurement Center
Infrastructure and
CEO's Office
Business Center
Terminal Tank
Tank Operation Center
Terminal
Warehouse
Center of Chemical
Logistics Operation
Comprehensive
Warehouse
Center of Chemical
Logistics Business
Comprehensive
Department
Logistics Management
Comprehensive
Chemical Warehouse
Audit Department
HSE Management Office
Innovation Office
Technology and
Business Customer East China Terminal Tank South China
Management Service Terminal Operations Operation Comprehensive Operations
Tank Market Subcenter Management Office Subcenter
Administrative Logistics Subcenter
Human Resources Subcenter
IT and Automation Subcenter
IT and Automation Subcenter
Project Management Subcenter
Equipment Management Subcenter
Department Department
Investment Department
Department
Capital Management
Risk Management
Management
Comprehensive
Customer Service
Ship Business Customs
Marketing Department
Terminal Tank
Operation
Terminal Tank
HSE
HSE
Management
Transport Fleet
Operations
Chemical Warehouse
Marketing Department
Chemical Warehouse
Department
Key Accounts
Department
Customer Service
Department
Risk Management
Warehouse
Office of Chemical
Management
Standardized
Management Office
Business Comprehensive
Chemical Warehouse
Management Office
Comprehensive
Chemical Warehouse
Financial Administration Infrastructure and Terminal Tank Business Department Terminal Tank Operations HSE Department Chemical Warehouse Chemical Warehouse GR Storage Areas
Department Department Procurement Department Department Operations Department Business Department
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 25/26
Operation of the Three Meetings
Shareholders and General Meeting of Shareholders Supervisors and Board of Supervisors
During the reporting period, the company held a total of 10 General During the reporting period, the company held a total of 13
Meetings of Shareholders, reviewing 48 resolutions. meetings of the Board of Supervisors and reviewed 63 resolutions.
The General Meeting of Shareholders is composed of all shareholders and serves as the highest The Board of Supervisors is composed of three supervisors, including two shareholder representatives
authority of the company. The company strictly follows the requirements of relevant laws and and one employee representative. Members of the Board of Supervisors have backgrounds in
regulations, normative documents such as the Securities Law, Company Law, Articles of accounting, chemical engineering, and human resources. The composition of the Board of Supervisors is
Association, and Rules of Procedure for General Meeting of Shareholders, to regulate the reasonable, and the qualifications, selection process, and composition of supervisors all comply with
procedures of convening, holding, and voting at the General Meeting of Shareholders. It treats all relevant laws and regulations. All members of the Board of Supervisors shall diligently fulfill their duties
investors equally, ensuring that shareholders, especially small and medium-sized shareholders, and carry out inspections and supervision of the company's business operations and the performance of
can fully exercise their shareholder rights and effectively safeguard the rights and interests of executive personnel in accordance with relevant regulations such as the "Rules of Procedures of the
small and medium-sized shareholders. Board of Supervisors", to promote the standardized operation of the company.
Responsibilities
Directors and Board of Directors Name of Committee
Responsible for communication between internal and external audits of the company; overseeing and
Audit Committees verifying work; auditing the company's financial information and disclosure
During the reporting period, the company held a total of 13 Board of
Responsible for formulating the compensation standards and plans for company directors and senior management
Directors meetings and reviewed 90 resolutions. Compensation And
personnel; review the performance of company directors and senior management personnel and conduct annual
Evaluation Committee
evaluations; supervise the implementation of the company's compensation system
The Board of Directors consists of seven directors, including four non-independent directors and Responsible for conducting research and providing recommendations on the company's medium and
three independent directors. The members of the Board of Directors include professionals from long-term development strategies and major strategic investment decisions; responsible for
Strategy Committee
determining the direction and scope of sustainable development strategies, overseeing and guiding the
the accounting, legal, and investment fields. The structure of the Board of Directors of the implementation of ESG work, ensuring the smooth operation of ESG management in the company
company is reasonable, and the qualifications, selection procedures, and composition of the
directors all comply with relevant laws and regulations. All directors are diligent and responsible HSE and Innovation Responsible for researching and proposing guidance and recommendations for the long-term planning,
Committee annual plans, and phased plans of the company's HSE and Innovation work
and are able to conduct their work in accordance with the provisions of the "Board of Directors
Meeting Rules" and the "Independent Directors Working System". The Board of Directors has
Responsible for studying the criteria, qualifications, and evaluation procedures for the selection of
established the Audit Committee, Compensation and Evaluation Committee, Nomination board members and senior management personnel, and making recommendations; extensively search
NominationCommittee
for qualified candidates for board members and senior management personnel, and present
Committee, Strategy Committee, and the Health, Safety and Environment and Innovation
appointment and dismissal recommendations to the Board of Directors
Committee (HSE & Innovation Committee), further enhancing the corporate governance
structure.
Operation of the Special Committee
Board of Directors Diversity
The Board of Directors of the company has established five specialized committees: the Audit Committee, the
Compensation and Evaluation Committee, the Strategy Committee, the Health, Safety and Environment and
The members of the Board of Directors of the company possess diverse educational
Diverse professional Innovation Committee (HSE & Innovation Committee), and the Nomination Committee. Different specialized
backgrounds, professional experiences, or academic achievements in fields such as
background chemicals, finance, accounting, law, and human resources. committees perform their respective duties, with members working diligently and ensuring that decision-making
processes are scientific, democratic, and law based. In the fiscal year of 2023, the various specialized
The Board of Directors of the company consists of 7 directors, including 3 independent
committees held a total of 22 meetings and reviewed 67 resolutions.
Diversity in team directors, accounting for 43% of the total. The directors' ages range from 40 to 70,
composition covering multiple different age groups. The Board of Directors currently does not have any Note: As of the date of this report's disclosure, the Strategy Committee has been restructured into the Strategy and Sustainable
female members. Development Committee within the frame of Board of Directors.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 27/28
Composition of Management Personnel and Information Disclosure
Procedures for Compensation Resolution
The company complies with the various provisions and requirements of the China Securities Regulatory
Commission and the Shenzhen Stock Exchange regarding information disclosure. It has established and
Composition of Management Personnel strictly implements a comprehensive "Information Disclosure Management System" and "Insider
Information Access Registration Management System". The company faithfully fulfills its information
As of the date of issuance of this report, the company has 6 senior management personnel. disclosure obligations, ensuring that information disclosure is true, accurate, complete, timely, and fair,
The company's daily business activities are carried out by the senior management personnel. The maximally protecting the interests of investors.
management team has extensive industry background and professional management experience.
They diligently put the company's merger and development strategy into practice, laying a solid
foundation for its sustainable development. During the reporting period, the company disclosed a total of 311 announcements, intermediary
agency documents, and so on.
Executive Compensation Decision-Making Process
Proceedings of Compensation Decision
The Compensation and Evaluation Committee of the Board of Directors is
responsible for:
·Develop the salary standards and plans for senior management personnel within the company;
· Review the performance of the company directors and senior management in fulfilling their
responsibilities and conduct annual assessments of them.
Basis for Determining Compensation
The compensation of senior management personnel serving in the company consists of basic salary
and performance-based salary. The basic salary is determined based on the nature of their
positions and the duties they assume, while the performance-based salary is determined based on
their work performance, ability to fulfill duties, completion of responsibility targets, the company's
operating performance, etc.
Basis for determining annual compensation:
Nature of the
Work performance
position
Completion of
Duties assumed responsibility targets
Ability to The company's
fulfill duties operating performance
Methods of Salary Payment
The basic salary of senior management personnel in the company is paid in full monthly, while
performance-based salary is distributed according to the assessment period.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 29/30
Risk and Compliance
Risk Management Taxation Management
Risk Management System Measures Taxation Management
The company has fully integrated risk management into its routine operations by developing an extensive set of internal control and management systems. These systems Policy
encompass a wide range of areas including organizational structure, human resource management, safety in production, financial management, procurement activities, asset The company strictly abides by tax regulations
management, sales operations, project engineering, contract administration, guarantee transactions, external investments, related party dealings, and disclosure of information. and always adheres to the principle of paying
The implementation of these systems ensures that there are established protocols for all activities, thereby creating a structured and regulated management framework; taxes in accordance with the law and in good
The company conducts a comprehensive risk management strategy in accordance with the principles of totality, reasonableness, autonomy, and materiality. It organizes faith. The total tax payment for the year 2023
compliance and risk management teams for each business sector or center, tasked with the identification, assessment, and formulation of risk control measures for their amounted to 175,647,512 yuan.
respective areas of operation. This approach establishes a "vertical" risk management system that extends from the corporate governance level through the management and
operational layers, and a "horizontal" system that operates across all business sectors or centers. It ensures a clear delineation of responsibilities and fosters interdepartmental
cooperation to construct a robust risk control framework. Meanwhile, the company continues to strengthen its information system construction, continuously promoting the
transformation of key business processes from manual to automated and enhancing the level of risk prevention. During the reporting period, projects such as intelligent inspection
Tax Compliance
robots, self-service weighing systems, and budget management systems were implemented. The company has established the "Taxation
Management Regulations", clarifying the
Internal Supervision and Control principles of taxation and the workflow of tax
declaration and other work processes. It has
The company adheres to the principle of "risk-oriented, with legal and compliance as the focus". Based on the perspective of risk management, each
also established a tax audit mechanism from
General business unit/center continuously reviews and examines the weak links in corporate internal control and potential risks in business operations. It carries
the financial departments of each subsidiary
Supervision out standardized management, benchmarking management, and summarizes the key business, major projects, and central management on a quarterly
and the subsidiary's financial director to the
basis, forming a bottom-up self-supervision mechanism.
Finance Center, strictly managing various tax-
The company has established an Audit Committee under the Board of Directors. The Audit Department operates independently and conducts its audit work related work and fulfilling tax obligations in
under the guidance of the Audit Committee, reporting its activities to the Audit and Compliance Committee. accordance with the law. The company
The Audit Department supervises various business processes of the company on a daily basis in accordance with the "Internal Audit Management System". continues to maintain good tax relations and
It evaluates and examines internal controls and other aspects of the company. For issues discovered during the examination process, the department effectively prevent and mitigate tax risks.
promptly communicates with the respective responsibility centers, implements corrective measures and timelines, and conducts follow-up
inspections for subsequent rectifications. This ensures a closed-loop audit process. During the reporting period, the Audit Department carried out
Audit
Supervision
auditing work on business processes such as sales, procurement, and engineering, as well as significant cost expenditures, in accordance with the
annual audit plan and focusing on internal control and management requirements.
Focus on Tax Laws
The audit work is categorized as follows: and Policies
Annual Audit: Carry out annual audit activities according to the audit plan, providing comprehensive supervision and evaluation of business processes.
The company has established a tax legislation
Project Budget and Final Account Audit: Conduct audits of project budgets and final accounts based on industry characteristics, with a focus on risks
library and actively responds to policy
associated with engineering projects.
changes. At the same time, it regularly
Special Audit: Carry out special audits irregularly based on changes in the external environment and the company's operational and management
evaluates potential tax risks and implements
requirements, continuously promoting standardized management.
dynamic management of tax risks to
Compliance
The company continues to conduct compliance training empowerment courses with a total of 22 hours designed, using the online learning and post- effectively ensure the company's compliance
Awareness
course testing format of the GR E-learning platform, to strengthen employees' compliance awareness. in its operations.
Training
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 31/32
Business Ethics Practice
Anti-corruption
The company is committed to creating a fair, transparent, and honest work and business environment, with Anti-corruption System
zero tolerance for bribery, extortion, and corruption among employees and partners. To solidly promote the
In order to create a fair, just, and transparent working environment, the company has established an anti-corruption system
construction of anti-corruption and integrity, the company integrates the principles of comprehensive, strict
based on the principles of "dare not, cannot, do not want." This system aims to strictly prevent and punish illegal and
party governance and improved corporate governance. The disciplinary inspection committee, based on its
corrupt practices such as bribery, embezzlement, and fraud.
responsibilities, assists the party organization in refining the "personalized" list of responsibilities for team
The secretary of the Disciplinary Inspection Committee is served by company director and vice president Gan Yi
members, and carries out the implementation of the "dual responsibilities" effectively. This drives team · Cultivating a work environment where corruption is not tolerated: Taking the initiative to fight against corruption,
members to supplement shortcomings, strengthen areas of weakness, and improve the quality of fulfilling implementing professional investigations, and holding individuals accountable
their responsibilities, thus establishing a complete chain of accountability, supervision, evaluation, and · Building a "Corruption-Free" Governance Environment: Organizational Governance, Institutional Norms, Democratic
accountability. This achieves the organic integration of internal party supervision and enterprise internal Supervision
control mechanisms. It also serves as a reliable "firewall" to safeguard the integrity of the company. Through · Build a strong ideological foundation of "rejecting corruption": signing commitments, promoting education, specialized
studies, and creating an organizational atmosphere
comprehensive measures such as institutional development, deterrence and warning, and publicity and
education, the company supports and promotes high-quality development.
Anti-corruption Measures
· The Disciplinary Inspection Committee takes the lead in formulating documents, regulations, and other related systems
Key Performance related to integrity, Standardization of positions at risk for commercial bribery and embezzlement;
·Including anti-bribery provisions in commercial contracts;
·Training and propagating to employees in relevant positions, signing the "Integrity Commitment Letter";
·Multiple ways of reporting through hotline, email, mail and website;
During the reporting period, there were 0 reported cases of corruption
·The discipline inspection committee is responsible for internal supervision, while third-party lawyers are responsible for external
due diligence investigations;
·Develop an annual supervision plan, conduct 1 to 2 special inspections per year, integrate internal audit work, and be stationed to
receive real-name and verified reports;
During the reporting period, a total of 59 training sessions on anti-corruption and bribery
· Incorporate integrity requirements into the supplier management mechanism,and include clauses on integrity practices in
were conducted online and offline, with a total of 185 participants and an average duration
supplier contracts.
of 3 hours. Among the board members, 4 received anti-corruption training, with an average
duration of 1 hour.
Anti-corruption Education
Continue to carry out the promotion and education of an honest and clean corporate culture, disseminating the
Employee "Anti-Corruption Commitment" signing rate reaches 100% company's anti-corruption system and measures to employees through various forms such as the "Three Cups of
Supplier "Integrity Practice Clause" signing rate reaches 100% Tea" system, disciplinary laws lessons, and OA notifications. For grassroots employees and management staff in the
business area, utilize platforms such as work contact groups to disseminate learning materials on party discipline
and clean governance, warning cases, conduct offline training, organize field trips for learning, and other methods.
Conduct positive promotion of the culture of integrity and provide negative warnings through corruption cases.
Organize all employees to learn and abide by the rules and regulations.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 33/34
Reporting and Processing Anti-unfair Competition
The Disciplinary Inspection Committee standardizes the process, criteria, and management requirements for reporting and handling violations and In its daily operations, the company strictly abides by the
disciplinary incidents, and establishes a mechanism for reporting and protecting whistleblowers. The Discipline Inspection Committee is responsible for relevant laws and regulations on anti-monopoly and anti-
handling reports. Upon receiving written evidence and reports with real names, it will initiate an investigation procedure. Based on the investigation results, unfair competition, such as the "Anti-Monopoly Law of the
a investigation report will be issued. The identity of the reporter will be kept confidential throughout the entire process. Depending on the severity of the People's Republic of China", the "Anti-Unfair Competition
specific circumstances (whether it was voluntarily or involuntarily reported) and the amount involved in the case, a decision will be made to either Law of the People's Republic of China", and the "Civil
immediately terminate the employment relationship or transfer the case to judicial authorities. Whistleblowers and witnesses will be rewarded accordingly. Code of the People's Republic of China", as well as the
company's commercial behavior standards. The company
Reporting Channels adheres to the commercial principles of fairness, justice,
cooperation, and win-win to build a business environment.
The company has set up six reporting channels targeting different groups, including hotlines, email, and official websites.
It actively prevents and proactively responds to monopoly
and unfair competition risks in the market and insists on
gaining customer trust through orderly competition and
Telephone Report Report via Email Website Reporting providing high-quality and reliable services. At the same
time, the company requires its partners to follow the
Landline: 0769-86002930 hcjw@grgroup.cc Party Building Platform Secretary's Mailbox:
principles of fair competition and integrity in business
http://appgrgroup.cc:9098
operations and not to engage in any behavior that
undermines fair competition or violates anti-monopoly
laws and regulations.
Complaint letter Appointment for Visits Others The company effectively identifies and objectively
evaluates customer requirements, provides services to
Discipline Inspection Committee, Building 1, CR Building, Discipline Inspection Commission of CR Building, No. Other forms suitable according to the informer
customers based on commercial integrity, and does not
No. 6 Libin Road, Songshan Lake Park, Dongguan City, 1, Lobby Road, Songshan Lake Park, Dongguan City, engage in unfair means of vicious competition. The
Guangdong Province, Zip Code 523830 Guangdong Province company's audit department participates in procurement
bid monitoring to form a closed loop of supervision and
To the Public Internal staff and external stakeholders management, standardizing the behavior of bidders,
bidders, and evaluation experts, and guiding the company
The Discipline Inspection Committee requires all supervisory units to follow the "three ones" timeliness and its employees, customers, suppliers, and other
Processing efficiency
requirements and respond promptly and actively handle them. stakeholders to operate with honesty and integrity and
Three-One delivery requirements: compete fairly.
Mergers and acquisitions are the keys for the company's
One working day response: Confirmation of filing within a week: Complete investigation within one month: growth. The company complies with relevant anti-
After receiving the report, we will After receiving the report, the need to After confirmation of the filing, complete the monopoly laws and regulations during the merger and
respond to the reporter within one initiate an investigation is confirmed report investigation and provide a response of acquisition process and follows the principle of fair
working day within a week the results within one month. competition after the merger and integration.
Protection of Whistleblowers
In 2023, the company did not
The company has clearly defined the requirement for confidentiality of informants, meaning that every employee who has access to whistleblower information have any major incidents
should keep it confidential. The leaders of each organization are responsible for the protection of witnesses (including whistleblowers) as the primary responsible involving suspected monopoly or
party. They should take reasonable measures to protect witnesses (including whistleblowers) and ensure that their fundamental rights are not violated, and to unfair competition.
prevent any form of retaliation. In addition, the company has established a reward program for whistleblowers and witnesses based on the circumstances.
SERVICE
Delivering Quality Services
Improving Service System
Inproving "Quantity, Quality, and Efficiency" Management
Inproving Customer Satisfaction
Addressing Customer Complaints
Protecting Customer Privacy
Specializing in Intelligent Storage and Transportation
Improving Innovation Management
Building a Digital Platform
Protecting Intellectual Property
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 37/38
Delivering Quality Services
Improving Service System
Customer Service System Customer Service Mechanism
The company's business center continues to strengthen the quality management of customer service, constantly improve the customer service
system, implement the first-inquiry responsibility system, and emphasize that "everyone is the first responsible person for service.” The long-term performance management
Based on the characteristics of the company's subordinate storage areas, which are numerous, widely distributed, and have regional advantages, mechanism for window service
the company has gradually formed four service models: butler-style service, expert-style service, customized service, and extended service.
The company relies on the expertise of CR Management
Butler-style Service: Customer service personnel provide pre-reminders to customers about potential issues that may arise in various aspects of the warehousing service process, Academy's professional training team. Improvements in service
offering personalized service to customers.
level are achieved through strategies such as standardization,
Expert-style Service: There are slight differences in the team model between the two main businesses. In the wharf tank storage business, business personnel form multiple cross- training empowerment, cultural promotion, and management
storage area product groups, and these product groups provide professional and targeted services to customers. In the chemical warehousing and comprehensive logistics business, incentives. The mechanism also involves proactive measures
professional and targeted services are provided to customers through dedicated customer managers for large customers and the "warehouse preparation meeting" mechanism for new
customers.
such as passive complaints, proactive research, daily
inspections, and annual certification, which are linked to
Customized Service: Focusing on long-term cooperation intentions, customized services are provided according to customer needs in terms of agreement clauses and hardware
employee performance and honor rewards. This approach
equipment and facility modifications.
ensures continuous optimization of window service through
Extended Service: This refers to providing industry information exchange services to customers, their upstream suppliers, and downstream purchasers.
long-term operation, complaint case notification, targeted
retraining, and standard optimization.
First Main Business Second Main Business The Key Contact Person List Mechanism
A customer service work group has been formed and a list of
Wharf Tank Storage Business Chemical Warehousing and Comprehensive Logistics Business
key contact persons has been established to ensure smooth
Advantages of Cross-Storage Area Product Group Service Advantages of Large Customer Group Service
communication. This information has been communicated to
the customer service team and the relevant key contact
Drawing on years of accumulated talent and experience in storing and By leveraging its subsidiary transportation company and third-party logistics capabilities, the
persons are ensuring that the process runs efficiently.
managing liquid chemical products, with a focus on customer base and company offers customers a range of services including warehousing and value-added services for
similar products, the company is enhancing joint business activities among packaged hazardous chemicals, container services such as disassembly and assembly, local
various subsidiary departments. This involves strengthening product inspection, and hazardous packaging, as well as storage for liquid hazardous chemicals in tanks.
groups across warehouse areas to offer customers more professional, Additionally, the company provides services for liquid product packaging and drumming, as well as
Service Quality Event Closed-Loop
efficient, and diverse collaborative services. The product team members comprehensive warehousing and transportation logistics solutions. The experienced business Management Mechanism
deliver customized and comprehensive logistics solutions to customers, personnel in the key account department act as key account managers, offering enhanced and
drawing from their extensive experience with products and related efficient services to key clients. The business department leads and coordinates with the A closed-loop management system for service quality events
industry chains, with the aim of reducing customers' logistics expenses. operations department and HSE department to organize a "warehouse readiness meeting" before has been established, covering event investigation, root cause
welcoming new customers. During this meeting, a thorough analysis and discussion of customer
analysis, formulation of improvement measures,
requirements takes place, and standard operating procedures are formulated to ensure the precise
implementation of these requirements. implementation of rectification measures, and verification of
rectification effectiveness.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 39/40
Improving "Quantity, Quality, and Efficiency" Management of Quality
Management
Implement a rigorous quality control system for chemical products, and strictly adhere to quality
management standards from the point of origin to the delivery of goods by vehicle or ship. This will
guarantee that the purity, stability, and performance of the chemical products remain uncompromised
throughout the entire process.
Establish and improve unified data quality management rules and regulations, as well as a data quality Advanced testing methods are utilized to conduct regular quality testing and analysis in collaboration
internal control management and assessment system. Continuously enhance employees' professional skills with an international inspection agency. Additionally, an internal laboratory has been established to
and data quality management awareness by conducting targeted training to raise their consciousness of loss perform quality tests on incoming and outgoing chemicals as a measure to prevent issues like
reduction and emission reduction. Ensure that every employee is well-versed in the characteristics of contamination and deterioration.
To enhance the security of chemical storage and classification management, it is essential to prevent
chemicals and the control measures for quantity and quality management.
the interaction of different chemicals, thus safeguarding product quality and mitigating safety risks.
Management of Efficiency
Management of Quantity Improving efficiency in loading and unloading processes while
focusing on energy conservation and emission reduction
Accurate Measurement and Internal Control By continuously improving and optimizing automated loading and unloading equipment, such as fully automatic dispatch systems and ship loading automatic
measurement systems, efficient vehicle and ship docking can be achieved. This leads to reduced operation time, improved efficiency of loading and unloading
Further research is being conducted on national and international standards for measuring hazardous chemicals. This involves the vehicles and ships, and simultaneous reduction of energy consumption and carbon emissions.
The systematic arrangement of the loading and unloading area, supplemented by IoT technology and intelligent customer service systems, has effectively
utilization of high-precision automated measurement systems and equipment to monitor and record in real-time. The aim is to
optimized the work sequence and schedule. As a result, it has minimized the waiting time for vehicles and vessels, leading to decreased fuel consumption and
guarantee the precise quantity of chemicals in storage and during transportation, thereby minimizing potential errors. reduced emissions from vehicle and vessel idle time.
The company conducts comprehensive identification, assessment, and control of risks related to chemical quantities, including but Use port operation management tools to monitor vessel movements in real time, make advanced preparations for berthing, and reduce waiting time for vessels
at anchorages. Enhance and optimize the cargo handling management process to facilitate efficient vessel operations, ultimately minimizing fuel consumption
not limited to measurement errors, data distortion, leakage accidents, etc., to ensure the effective operation of the entire process
at the port and promoting energy savings and emissions reduction.
quantity management system. The company strictly implements standardized procedures for chemical storage, delivery, and
The company has implemented a collaborative coordination mechanism with the docks of nearby enterprises within its jurisdiction. This has enabled the
inventory counting to ensure data accuracy and consistency in management, using assessments to promote improvement. rational allocation and efficient utilization of dock operation resources, leading to a significant improvement in the efficiency of ship handling per unit time.
Streamlining Process Reengineering and Improving Order Response Speed
Preventing Losses and Leakage Reduction
Through a comprehensive review and refinement of business processes, the integration of one-stop electronic service has been
implemented. This involves the use of efficient digital information systems such as smart customer service, self-service ordering, and
By enhancing operational techniques and upgrading equipment, the loading and unloading process can be optimized to
self-service invoicing. As a result, real-time online order processing, goods tracking, and inventory management have been achieved,
effectively minimize the loss resulting from chemical volatilization and leakage. Continuously refining the data on loss rates will leading to a significant reduction in the turnaround time from order receipt to execution. This has contributed to an overall improvement
contribute to the reduction of carbon emissions and resource wastage. in the efficiency of the supply chain.
By utilizing reservation systems and big data analysis, it is possible to predict patterns and make informed adjustments to personnel
The implementation of green, low-carbon measuring equipment and technology encompasses sealed measuring instruments,
allocation and equipment utilization for the loading and unloading of vehicles. This approach helps to mitigate congestion during peak
closed operating systems, oil and gas recovery systems, and low-leakage breathing valves. These measures aim to minimize periods, minimize driver waiting times, boost turnover, enhance service quality, and aid businesses in achieving dual improvements in
volatile losses during operations. efficiency and social benefits. As a result, the average waiting time for tank trucks at the station can be significantly reduced.
In order to avoid environmental pollution from chemical leaks, storage facilities and transportation equipment undergo regular
maintenance and inspections. Safety and sealing of storage containers are checked to prevent unintended chemical leaks that Improving employee skills and enhancing work efficiency
may harm the environment. Additionally, advanced leakage detection systems and emergency response facilities are in place.
By consistently increasing investment in employee skill training and career development, and by enhancing the recognition and training system for
Utilizing logistics scheduling methods like "just-in-time" inventory and minimizing unnecessary transshipments and waiting
professional skill levels, we guarantee that employees acquire a proficient grasp of modern operational technology and equipment usage. This, in turn,
times helps to indirectly mitigate the unplanned losses of chemicals during the transfer process. boosts individual work efficiency and enhances the efficiency of loading and unloading operations.
By implementing humane work schedules, we can ensure the full protection of employees' physical and mental health through scientific scheduling and fatigue
management mechanisms. This will also help to enhance overall service levels and improve efficiency.
Transparency and public oversight
Driving Key Performance Indicators and Achieving Continuous Improvement
Promote active fulfillment of social responsibilities by openly and transparently disclosing the inflow and outflow of chemical products,
Create a comprehensive assessment system for internal controls that incorporates crucial factors like vessel operation time and
storage status, and emergency response plans to the community and regulatory authorities. Additionally, make the information about loading/unloading efficiency. Regularly analyze data, pinpoint bottleneck areas, and devise targeted solutions to establish a mechanism
chemical products public to customers through the information system to enhance trust among relevant parties. for continuous improvement and sustained efficiency enhancement.
To improve internal process standardization, it is essential to ensure that all employees are well-versed in efficient operational
Create a system for quality control audits of inventory and perform regular audits of all storage areas to verify the accuracy and
procedures, and to minimize unnecessary manual intervention. This can be achieved through enhancements to operation manuals, regular
authenticity of chemical quantities. Any potential issues should be promptly identified and corrected. training, and other relevant methods, ultimately leading to smoother and more efficient ship and cargo handling operations.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 41/42
Improving Customer Satisfaction Addressing Customer Complaints
Customer Communication System for Handling Customer Complaints
Customer Complaint Handling System in Place for
Collecting Complaints and Feedback
a. classify customer complaints for management purposes;
b. specify the procedures for handling, investigating, rectifying, determining responsibilities, providing
Handling customer service Online questionnaire incentives, and imposing penalties for customer complaints.
phone calls on a daily basis. surveys
Performance in Handling Customer Complaints
Significant customer complaints Customer complaints Rectification rate for key improvement
reported in the year: 0 handling rate: 100% items in customer service: 100%
Results of the Satisfaction Survey Strategies for Handling Customer Complaints
During the reporting period, an online questionnaire survey was carried out to gain a more
comprehensive understanding of customer satisfaction and needs. The survey aimed to identify key To address significant customer complaints, a "Customer Service Key Improvement Item
service points, as well as the areas in which customers are most and least satisfied. It covered four main Rectification Report" should be issued, followed by targeted improvements and rigorous
service modules: tank storage customers, warehouse customers, the intelligent customer service (CA) supervision of their implementation.
system, and loading and unloading drivers.
Protecting Customer Privacy
Include a confidentiality
clause in the storage contract
A total of 698 valid questionnaires were obtained. 239 surveys were Create an employee
confidentiality policy
conducted for terminal storage tank customers, 43 surveys for chemical
warehouse customers, 142 surveys for the intelligent customer service
(CA) system, and 274 surveys for loading and unloading drivers. The
overall rating for the terminal storage tank sector stands at 96.76 ,
Management of customer information
reflecting a 0.34% increase from 96.43 in 2022. The chemical industry
classification and authorization
sector achieved a coverall score of 97.52 , marking a 0.50% increase
from 97.03 in 2022.
The company actively protects customer privacy by implementing employee confidentiality policies, customer information tiered
authorization management, and including confidentiality clauses in warehousing service contracts. During the reporting period, there was no
incident of customer privacy breaches.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 43/44
Specializing in Intelligent Storage and Transportation
Improving Innovation Management
The organizational structure of the IT and Automation Sub-Center is designed Innovation assessment and incentive mechanism:
to foster cross-functional collaboration and accelerate the innovation process. Innovation projects are evaluated and classified based on internal and external information requirements. After implementation, performance
It is composed of several key teams, including Research and Development incentives are given based on the evaluation rating and the actual impact. Evaluation and motivation can be divided into three categories:
(R&D), Product Design, User Experience (UX), Technical Support, and Quality
Assurance. Each team has a clear set of responsibilities and objectives, led by a
specialized R&D manager. The manager is responsible for driving project
progress and ensuring alignment with the company's strategic development
goals.
As of the end of the reporting period
the company had 233 R&D personnel, accounting for 13.45% of the total
workforce. The R&D investment amounted to 53.46 million yuan,
representing 3.46% of the operating revenue.
Major Innovation Significant Improvement General Optimization
Involves the development of completely Significantly improve existing technology Regular system maintenance and minor
new technology or business models, or processes to enhance efficiency or improvements aimed at continuously
which may have a significant impact on effectiveness, such as reducing manual improving operational efficiency and
the long-term development of the operations through automation. customer satisfaction.
company.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 45/46
Building a Digital Platform
Using a unified standard financial management system, the financial system is Complete data visualization of personnel recruitment, onboarding,
integrated with procurement and service order, ensuring traceability between career counseling, promotions, training, assessment, growth trajectory,
front-end business operations to back-end finance and salary
SAP Standard Governance Platform Human Resources Integrated Platform
Five major
information platforms
to achieve unified, centralized, standardized management
OA Automatic Integrated Platform Intelligent Customer Service Platform
Customer Service Platform :
Enable efficient approval management by integrating the data of
Business Billing Management and Tracking.
finance, infrastructure projects, procurement, and personnel systems
Appointment Management Platform:
License Management and Appointment Billing.
Production and Operations Management
Management and control platform
Environmental Equipment Intelligent Control Platform Intelligent Management Platform
Safety Management Platform
Management Platform Management Platform for Chemical Warehouse for Terminal Storage Tanks
This platform was launched The platform will start research
and used in 2023 and development in 2023
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 47/48
SAP Standard Governance Platform Intelligent Customer Service Platform
Using a unified standard financial management system,
Customer Service Platform
the financial system is integrated with procurement and service order,
ensuring traceability between front-end business operations and back-end finance Business Billing Management and Tracking.
External Services: The shipper can timely and accurately query the inventory of goods
Functional optimization and upgrades during the reporting period
and the liquid level of storage tanks, and have real-time grasp of inventory dynamics.
Terminal Storage Tank Business Aspect When multiple shippers store goods in mixed tanks, they can monitor the dynamic
·Continuously Enhancing Customer Experience: We have developed a bulk plan import feature and optimized changes in the transfer of ownership in real time.
the service processes for major clients. This has led to an improvement in customer satisfaction while also Internal service: It can intelligently and real-time analyze the current physical
ensuring the efficiency and reliability of our services; utilization rate of storage tanks and the rental occupancy rate of business analysis,
· Technology Integration and Win-Win Cooperation: By connecting with customer systems, we achieve and dynamically analyze trends based on shipping schedule plans.
effective integration of technology, enhancing information sharing and collaborative work with our partners;
·Enhance Transparency and Compliance: add features such as ship blacklist log to strengthen compliance and
risk management. Appointment Management Platform
License Management and Appointment Billing.
Human Resources Integrated Platform Drivers can manage licenses and make appointment reservations through the mobile WeChat mini program.
License Management: Drivers upload their driver's licenses, qualification certificates for their profession, identity
Complete data visualization of personnel recruitment, onboarding, cards, contact information, vehicle registration certificates, road transport permits, and tank inspection reports
via their mobile phones. Relevant positions in the warehouse area verify the validity of these documents and
career counseling, promotions, training, assessment,
approve them to take effect. Appointment and Billing: Drivers make an appointment and submit documents. The
growth trajectory, and salary
system will check the validity period of the licenses and the quantity of loaded goods. Only when the vehicle and
Functional optimization and upgrades during the reporting period driver licenses are valid, and the loaded quantity is within the safety load and safety volume range, can the work
documents be generated.
Safety: Increase firewall, security patches
Performance Optimization: Update the server, add CPU and memory to solve the processing speed issue;
Updating the job hierarchy and matching salary system. Functional optimization and upgrades during the reporting period
Optimization of Salary Calculation Formula: There were many loopholes in the initial implementation Customer Service Volume Steadily Grows: Through the login function of the intelligent customer service
conditions and constraints. Over ten items in the formula have been optimized, focusing on the basic salary platform using U shield certificates, customers are able to independently enter input for inventory storage,
and unifying the formula for calculating the overtime base. outbound plans, and transfer orders. This significantly improves work efficiency and reduces unnecessary
Attendance Optimization: We have optimized the attendance calculation for newly acquired warehouse areas. manual operations and communication costs. In 2023, the number of certificate users on the platform
This includes adjustments to report output and enhancements to attendance matching processes. increased by 111% compared to the previous year, the number of driver users increased by 47% compared to
the previous year, and the customer self-service document input volume increased by over 25% .
Introduce Multiple Innovative Features: Aims to enhance customer experience and operational efficiency,
while responding to the requirements of environmental protection and social responsibility.
OA Automatic Integrated Platform Operation Menu Bubble Reminder: The bubbles in the vehicle, license, and delivery approval menus have
been optimized to improve the business and customer operations in the warehouse area, enhancing
Enable efficient approval management by integrating the data of finance, transparency and convenience.
Upgrade of the fee collection method: There are two ways to collect operation fees through WeChat
infrastructure projects, procurement, and personnel systems
payment. One is based on the estimated tonnage of loading and unloading, and the other is based on the
actual weighing data. The system will control the documents that require payment through WeChat Pay
Functional optimization and upgrades during the reporting period
during the self-service machine printing process. Users must make a prepayment using WeChat in order to
Form Style Optimization: Unify the style of forms, ensuring consistent layout on both PC and mobile platforms, and achieving print the receipt. In warehouse areas where operational fees are charged based on the actual weight
overall consistency in style. recorded, any excess amount collected will be automatically refunded to the driver after the weighing
Process/Form Field Naming Convention Optimization: Due to the large number of processes, in order to avoid naming process.
ambiguity, the naming convention needs to be optimized, with a requirement to add annotations for clarification. Application of Electronic Documents: After the vehicle passes the weighbridge, an electronic receipt and
Process Node Optimization: The length of process nodes can affect the efficiency of the approval process. electronic weighbridge ticket are automatically generated, which reduces the use of paper.
Streamline/optimize the approval steps. Electronic Signature: The request-for-payment document is generated as a PDF with the company's
Optimization of Process Chain Control: In order to address approval risks and increase chain control requirements electronic seal, CFCA (China Financial Certification Authority) electronic signature, and CFCA timestamp,
for associated business processes, such as adding pre-approval stages, etc. which enhances data security and corporate governance, ensuring the authenticity and security of the
Process Decision Analysis: To provide business data support to approvers, incorporate approval decision analysis. transactions.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 49/50
Production and Operations Management
Management and control platform
Intelligent Control Platform for Chemical Warehouse
Safety Management Platform This platform was launched and used in 2023
Functional optimization and upgrades during the reporting period
Functional optimization and upgrades during the reporting period
"Five-in-One" Safety Production Information Management Platform By integrating information technology and automation, we can enhance the efficiency of comprehensive
By adopting a five-in-one management approach, it achieves comprehensive on-site safety management and management and improve the quality of customer service.
control. With the goal of achieving the digitization of comprehensive management in enterprise safety Warehouse Efficiency Management: Through automation technology and big data analysis, various aspects of
production, a safety production information management platform will be built that integrates a major hazard the warehouse, including appointment scheduling, inbound and outbound operations, and inventory status,
source monitoring and early warning system, enterprise safety risk zoning management system, on-duty are monitored in real time. Intelligent scheduling is done based on inventory information and customer
personnel management system, and overall process management system for safety production. This platform inventory demands to optimize storage locations and path planning, thereby reducing the number of cargo
will focus on risk-based control and hazard investigation and governance system, chemical process safety handling operations.
management, and standardized safety production. Fine-tuned Inventory Management: Achieve warehouse roaming by embedding VR technology, providing
intuitive control over storage locations and freight forwarders.
Safety Instrumented System By seamlessly connecting with the SAP standard control platform for chemical warehouses, the related
including emergency shutdown control system, interlock protection control system, fire and combustible gas functions enable the analysis of historical data and forecasting of demand, allowing for the rational control of
alarm system. inventory levels. It automatically completes the inventory information statistics, warehouse leasing, operating
expense settlement, and report generation tasks, reducing the need for human resources.
Flammable gas and toxic gas detection system Ensuring Safety Management: By incorporating technology such as the Internet of Things (IoT) and sensors, it
Monitor in real time the leaking points of flammable and toxic gases in key areas, and promptly sound an is possible to monitor key parameters of the warehouse in real-time, such as temperature, humidity, gas
alarm and eliminate potential risks to ensure production safety. concentration, and fan status. The Goods Distribution System (GDS) and fans are interconnected to ensure a
safe environment for storage and operations, and to promptly alert and address any safety hazards in the
Fire Automation System warehouse, thus ensuring an overall level of safety management.
Including fire water pressure stabilization control, fire detection and alarm, one-key automatic foam and Optimizing Supply Chain Management: By integrating with external systems such as Management and
water spray system, etc. facilitating real-time information exchange with customers, timely adjustments and optimization of
warehouse management can be achieved based on logistics plans. The platform will integrate the information
Environmental Management Platform of cargo owners, various internal operational processes of the warehouse, and the hazardous goods
transportation supervision platform to achieve a one-stop seamless connection throughout the entire process.
Functional optimization and upgrades during the reporting period
Management of Decision Support: By conducting in-depth analysis of data, it is possible to provide timely
Existing oil recovery, sewage treatment, and other equipment should be equipped with necessary sensing feedback on bottlenecks and issues in warehouse operations.
devices, transmitting devices, and executing devices to achieve remote data transmission, intelligent analysis and
display, remote control, and other functions. Real-time collection of relevant environmental protection data Intelligent Management Platform for Terminal Storage Tanks
through the Internet of Things and industrial Internet technology, actively pushing it to management personnel
through threshold setting, effectively controlling risks. The platform will start research and development in 2023
Equipment Management Platform Functional optimization and upgrades during the reporting period
Functional optimization and upgrades during the reporting period With the help of digital twinning and Internet of Things technology, we focus on
comprehensive management of warehouse production operations. This
Implementing intelligent management of equipment in various storage areas,
management approach combines automation and information, with a customer
establishing databases for equipment maintenance, spare parts management, and
service orientation and safety operations as the foundation. It visualizes operations
equipment updates, including dynamic equipment, static equipment, and asset
such as vehicle, vessel, pipeline transportation, and berthing, and connects them
management. On this basis, through the accumulation of big data, the equipment
with on-site scheduling, operational capacity management, pipeline arrangement,
maintenance and repair inspection records are accumulated into big data to form
flow and liquid level monitoring. It also integrates with DCS, GDS, and other
equipment health cards. Through system modeling, a reasonable predictive
control data to achieve a permeating management of operational processes.
equipment pre-failure maintenance plan is formed to improve equipment service
This platform complements the Safety Management platform and achieves
life and effectively reduce the probability of production accidents.
management closed-loop.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 51/52
Application of Safety Intelligent Operations Protecting of Intellectual
The company continuously collaborates with universities in the fields of automation and informatization, constantly deepening technological innovation in the Property
warehousing industry, and providing technological support for the improvement of safety and service efficiency. On the basis of the previous safety
applications, we will expand technological cooperation with universities on the "Intelligent Control of the Entire Process of Unloading in Chemical Storage
Areas". This will further enhance safety management and operational efficiency. Intellectual Property
Management Mechanism
Intelligent management and control of the entire unloading process in the storage area
In order to strengthen the protection of the company's
Real-time Volume + Planned Unloading Volume: When downloading business to the batch controller by scanning the QR code and intellectual property, standardize the management of
during the unloading process, it is determined in real-time whether the sum of the volume and the planned unloading volume is greater than intellectual property, encourage the enthusiasm of
the safety tank capacity. employees for invention and creation, and promote the
Key Management System: Inserting the car key into the key management system is a prerequisite for starting or removing the vehicle. application of scientific and technological achievements,
During the unloading process, the door lock of the key management system is closed. The door can only be opened to access the keys by in accordance with the relevant national laws and
pressing the emergency stop button to pause the unloading or when the unloading is complete and the crane boom is in position. regulations, the company has formulated and issued a
Human Body Static Discharge Device: Only when the status of the human body static discharge device of the safety interlock integrated management system document titled 'Intellectual
machine is displayed as "Released", can unloading be initiated. Property Management Regulations'. The intellectual
Vehicle Body Static Grounding Clamp: Only when the vehicle body static grounding clamp is connected to the vehicle body and the property management of the company and its subsidiaries
connection is reliable, and the grounding resistance meets the requirements, can the unloading be started. During the unloading process, if shall be carried out in accordance with this system.
the clamp falls off or the grounding resistance exceeds the requirement, stop unloading immediately.
Wheel Chock Return Controller: During the preparation for unloading, remove the wheel chocks and place them beneath the wheels.
Unloading can only be initiated when the detection is confirmed. During the unloading process, immediately stop unloading by removing the
wheel chocks. After the unloading is completed, the wheel chocks must be returned to their original position before the driver can remove
the vehicle key.
Crane Pipe Connection Detector: The unloading process can only be started after the crane pipe connection detector is installed and in
Intellectual Property
position. If the detector alarms during the unloading process, immediately stop the unloading. Achievement
Crane Management Position Detector: When unloading is completed or temporarily paused, the door of the key management system can
only be opened after the crane management position signal is detected.
Flammable Gas Concentration Detector: If the concentration of flammable gas is higher than the allowable limit, it is prohibited to start
unloading; during the unloading process, if the concentration exceeds the allowable limit, it will automatically stop unloading.
As of the end of the reporting period,
Emergency Stop Button: During the unloading process, pressing the emergency stop button can immediately halt the unloading (the
the company and its subsidiary
system will save the record of the emergency stop time).
holdings have a total of 130 patents,
Real-time Density: During the unloading process, the real-time density detected by the mass flow meter exceeds the allowable deviation
range from the normal density of the material. The unloading process is immediately stopped, an alarm is triggered, and a voice prompt is
and 8 trademarks.
recorded, requiring the operator to confirm if the material is abnormal.
Real-time Radar Liquid Level: The real-time liquid level of the radar level gauge in the unloading storage tank, if it exceeds the safety
high limit during the unloading process, immediately stop the unloading.
Differential Pressure Across the Pump: Based on the results of the commissioning, a logic has been established that links the
differential pressure to the interlocking of abnormal conditions. In the event of an abnormal pressure differential, the unloading process will
be halted.
Unloading Pump: When starting unloading, the unloading pump is automatically interlocked to open. When there is an abnormal or normal
stop of unloading, the interlock automatically closes the unloading pump.
ENVIRONMENT
Responding to Climate Change
Risks and Opportunities of Climate Change
Greenhouse Gas Emission Management
Improving Environmental Management
Environmental Management System
Energy Consumption and Management
Water Resource Management
Emission Management
Waste Management
Ecological Protection and Land Management
Developing Green Storage and Transportation
Green Technology Innovation
Environment-friendly Process Upgrades
Expanding Environmental Protection Business
Environmental Protection Concepts and Practice
Environmental Protection Public Welfare Activities
Environmental Protection Education and Promotion
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 55/56
In recent years, climate issues have rapidly risen to become a globally prominent topic, and the importance of
conducting risk analysis and prevention and control related to climate and environmental risks is increasingly
Responding to Climate Change prominent. Both gradual climate change and sudden natural disasters pose risks to the company's development. The
company has integrated climate change into its risk management system, ensuring that it identifies and manages
climate-related risks to guarantee that they are controllable.
Risks and Opportunities List of Climate Change Risks and Opportunities
of Climate Change Risk of Transition
In terms of transition risks, the company is guided by President Xi Jinping's
Type of Risk Description of Risk Measures Affected Period
ecological civilization thought in terms of transition and risk management
Since 2020, China has officially introduced the "dual-
and takes the "peak carbon emissions and carbon neutrality" target as its carbon goal" of reaching peak carbon emissions and
The company is committed to focusing on the dual-carbon working policy to
enhance energy utilization efficiency, optimize the energy structure, and drive
guide. It continues to focus on national policies related to carbon emission achieving carbon neutrality. In response, both national and
comprehensive green transition in economic and social development.
local governments have implemented a series of laws and Medium and
reduction and carbon trading, promotes the establishment of a dual-carbon In reaction to the stricter enforcement of environmental regulations, the company is
regulations aimed at promoting green and low-carbon Long Term
modifying its production methods and technological equipment. It is also enhancing
initiatives to address climate change. This has led to an
emission reduction management system, actively engages in research and its comprehension of the regulations, establishing a robust compliance system, and
increase in compliance requirements for Guangdong Great
ensuring that the company's operations align with legal requirements.
development work related to green technology, and closely monitors River, potentially raising the risk of litigation or claims.
changes in customer demand. It aims to pursue green development and low-
Policy and The company plans to expand its investment in emission reduction measures and
carbon solutions for the entire industry chain. focus on developing the carbon market. It aims to strengthen cooperation with the
Legal Risks The industry is clarifying the requirements for dual-
government, industry associations, and research institutions to explore emission Medium and
In terms of the physical risks, Great River Smarter has established internal carbon, and there is increasing policy pressure to reduce
reduction pathways and technological innovation. Additionally, it will enhance the Long Term
greenhouse gas emissions.
systems such as the "Guangdong Great River Emergency Weather Disaster monitoring and evaluation of the external environment and adjust emission
reduction strategies promptly to adapt to policy changes.
Emergency Work Guidelines" in accordance with the "Emergency Response
Law of the People's Republic of China," "Meteorology Law of the People's The company plans to respond to pertinent changes through the creation of
Carbon emissions rights control and regulatory comprehensive carbon emission management strategies, streamlining production Short-term,
Republic of China," "Regulations on the Prevention and Control of mechanisms are being implemented worldwide, potentially processes, engaging in carbon market trading, advocating for clean energy, Medium-term,
resulting in higher operational and financial expenses for
Meteorological Disasters," and relevant specifications. They have also improving monitoring and reporting, and increasing employee awareness. This will and Long-term
businesses.
ensure the sustainabledevelopment of the business .
formed an emergency leadership group for sudden weather disasters,
strengthened safety management and emergency prevention of typhoons, The lack of investment in research and development and
The company has set up a Technology Innovation Office to actively conduct research
and development on green technologies, including environmental protection,
heavy rain, fog, cold waves, high temperatures, and other sudden weather the adoption of energy-saving and environmentally
emission reduction processes, and environmental management monitoring systems.
friendly technologies, as well as the failure to identify and Medium and
Technical Risks The company plans to carry out extensive market research and technical evaluation
incidents. This has effectively ensured the scientific, powerful, orderly, and utilize these technologies in a timely manner, has led to a Long Term
prior to investing in Environmental Protection Technology. This will ensure the
delay in the low-carbon transition compared to industry
efficient implementation of meteorological disaster emergency work, as well peers.
feasibility and return on investment, and drive the transition towards green
production and business operations.
as maximized the prevention and reduction of casualties and property losses.
As a company specializing in logistics and warehousing, the primary market risks
As the market becomes more aware of climate change, not arise from increasing energy costs and shifts in customer demand. The company
promptly assessing customer needs and energy cost actively manages potential market risks by optimizing its energy structure, Medium and
Market Risk changes may result in customer loss or increased financial implementing energy consumption management, establishing Environmental Long Term
costs for the company. Management systems, and actively engaging in environmental protection activities
while promoting the development of green supply chains.
The company has consistently strived to be a benchmark enterprise in the industry.
To address the climate and environmental impacts encountered during production
Companies and suppliers could potentially harm the
and operation, it remains committed to enhancing environmental management and
climate and the environment through their production and Short-term,
oversight, improving energy efficiency, reducing emissions, implementing green
Reputation Risk operational activities, ultimately resulting in reputation
supply chain management, establishing an environmental information disclosure
medium-term,
damage and reduced investment willingness from and long-term
mechanism, regularly releasing corporate social responsibility reports, creating
stakeholders.
emergency plans, and obtaining third-party certifications to uphold the company's
reputation and boost investment confidence of stakeholders.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 57/58
Physical Risk Opportunities
Type of Risk Description of Risk Measures Affected Period Type of Risk Description of Risk Measures Affected Period
The company has implemented internal systems, such as the Great River Smarter fully recognizes the significance of
"Emergency Work Guidelines for Sudden Weather Disasters," and researching and utilizing more energy-efficient equipment and
Extreme weather such as typhoons,
has established an emergency leadership team for sudden technology for enterprises to enhance energy utilization
Extreme weather has the
weather disasters. It has also enhanced safety management and Develop or utilize more energy- efficiency, decrease production costs, and mitigate
potential to cause harm to Short-term, Resource Medium and
emergency prevention for sudden weather disasters, ensuring a efficient equipment and environmental pollution. The company implements measures such
storage areas, office buildings, Medium-term, Efficiency Long Term
heavy rain, and floods
scientific, powerful, orderly, and effective response to technology. as technological innovation, optimization of production
and equipment, leading to and Long-term
Acute Risk
meteorological disasters. This has helped to safeguard the processes, establishment of energy management systems, and
losses in assets.
company's equipment, facilities, and personnel, and to mitigate consideration of policy support and subsidies to enhance
casualties and property losses caused by meteorological resource utilization efficiency in the area.
disasters.
The company continues to focus on the application of green and
Adhering to the "people-oriented" principle and ensuring the low-carbon products. Strengthen supply chain management from
Extreme weather can lead to
implementation of the "evacuation when necessary" policy are Products and R&D and application of green Medium and
damage to equipment, hindering multiple aspects, promote and advertise green and low-carbon
crucial in emergency rescue work to guarantee the safety of Services low-carbon products. Long Term
employees' ability to work Short-term, products, establish collaborative relationships with other
personnel. Develop an emergency management plan for extreme organizations to achieve green and low-carbon development goals.
effectively, and disrupting Medium-term,
weather, classify and control risks, and have the emergency
transportation, all of which can and Long-term
management team take corresponding response measures
impact the company's regular
according to different risk levels based on the management The company focuses on national policies and implementation
operations and production.
procedures. plans to promote the development of green energy. It is
Development of green energy Medium and
Market increasing its efforts to develop a customer base for green
business. Long Term
energy-related oil and chemical products, which is creating new
The company has adjusted the continuous operation time based
development opportunities for the company.
on the operational conditions. Vehicles entering the warehouse
must undergo a water cooling process before commencing
operations. Similarly, ships at the dock need to have their decks
sprayed with water for cooling before operation. If a ship is Great River Smarter has been exploring the use of renewable
unable to leave the berth for any reason after ceasing operation, Utilize renewable energy and energy, as well as implementing energy substitution and
Medium and
the shipowner is obligated to continue applying water spray Adaptability implement plans for energy diversification programs to reduce reliance on traditional fossil
The persistent high temperatures Long Term
cooling measures. During high temperature weather, continuous substitution and diversification. fuels, lower carbon emissions, and cope with energy price
Persistent high temperatures,
have resulted in the malfunction of fluctuations.
monitoring of the temperature of materials in storage tanks is Short-term,
power facilities and equipment,
necessary, and cooling measures must be taken as needed. Medium-term,
Chronic Risk
heightened the risk of accidents,
Furthermore, there is a need to intensify temperature monitoring and Long-term
and have impacted production
of special chemical materials in storage tanks, pipelines, and
drought, etc
efficiency and safety protocols.
warehouses to prevent material deterioration caused by
excessive heat. Daily monitoring of the radar liquid level values in
the storage tanks is required. The management of pressure relief
for pipelines needs to be strengthened. Parking management for
vehicles operating outside the warehouse should be enhanced,
with special personnel assigned to inspect and apply water
sprinkling measures for cooling when necessary.
The company conducts occupational health assessments for
employees prior to the summer season and creates health
management records for them. It arranges specific safety training
High temperatures can have a
for high-temperature work, enhancing awareness of safety in hot
negative impact on the physical
conditions. Additionally, the company provides essential Short-term,
health of employees, making it
protective and health products, including sun umbrellas, towels, Medium-term,
challenging to work outdoors for
sun hats, cold beverages, and heatstroke first aid kits. and Long-term
long periods. This can ultimately
Furthermore, it implements emergency protocols for high
affect operational efficiency.
temperatures, ensuring that immediate first aid is provided and
individuals affected by heat stroke are promptly transported to a
medical facility.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 59/60
Greenhouse Gas Emission Management
The company conducts in-depth analysis of domestic and international standards, regulatory requirements, and advanced practices, and based on Promoting the Implementation
the actuals, it formulates greenhouse gas management plans to continuously improve greenhouse gas emissions management. The company
primarily emits greenhouse gases such as CO 2 , CH 4 , and N 2 O. Direct energy sources predominantly consist of gasoline, diesel, and natural gas, of Zero Carbon Factory
while indirect energy sources mainly involve purchased electricity and steam.
The company is systematically carrying out carbon footprint evaluations across the organization and its affiliated companies, in accordance with The subsidiary company Weifang Great River has initiated an assessment,
the "ISO14064-1:2018 Specification and guidance for the quantification and reporting of greenhouse gas emissions and removals at the audit, and certification project aimed at establishing a carbon-neutral
organizational level" and the "Greenhouse Gas Accounting System." This allows the company to effectively gauge, document, and validate its factory.
carbon emissions through MRV (Measure, Report, Verify). Concurrently, the company is diligently seeking zero-carbon factory certification for its
subsidiaries. During the reporting period, the company formulated a management strategy for controlling greenhouse gas emissions. Subsidiaries
enlisted a third-party to carry out assessments, audits, and certification procedures, demonstrating proactive efforts towards establishing a zero-
From August to October 2023, the cumulative
carbon factory.
CO2e emissions of Weifang Great River
reached 1,613.92 tons
Management of Greenhouse Gas Emissions
Offsetting the remaining 1,613.92 tons of CO2e
emissions during the commitment period by
using qualified carbon credits to compensate
for the residual greenhouse gas emissions.
Set goals and Develop a plan for Establish monitoring
commitments managing emissions and reporting system
Acquiring carbon emission quotas through a
We will set clear greenhouse gas Create a thorough greenhouse gas Establish an effective system for
reduction targets and commitments in emission management plan that monitoring and reporting greenhouse market-based approach is necessary to meet
line with the actual operation of Great involves identifying emission sources, gas emissions, in order to grasp the the requirements for carbon reduction offsets.
River Smarter to ensure that it can establishing monitoring and reporting emissions situation of Guangdong
continually reduce its greenhouse gas systems, and implementing measures Great River Smarter Logistics Co., Ltd.
emissions in future development. to reduce emissions. in real time, and report to relevant
institutions and stakeholders in a
timely manner.
Implementation of Strengthening employee Seek external Regular evaluation
emission reduction training and raising cooperation and support and adjustment
measures awareness
According to the emission management Enhance employees' training on Company actively seek external Regularly evaluate its greenhouse gas
plan, effective emission reduction greenhouse gas emissions cooperation and support, such as emission management, promptly
measures will be taken, such as management, raise their environmental cooperation with scientific research identify issues and take corresponding
improving energy efficiency, protection awareness and institutions, environmental organizations, measures to make adjustments, to
optimizing production processes, and participation, and create a good etc., to jointly carry out research on ensure that company can continuously
adopting low-carbon technologies. atmosphere of full participation. greenhouse gas emission reduction and and effectively reduce its greenhouse
explore new emission reduction gas emissions.
technologies.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 61/62
The company strictly complies with national environmental protection laws, regulations, and relevant
Improving Environment
policies, as well as adheres to local environmental standards established by the environmental protection
department. It implements the principles of "Safety, Environmental Protection, and Health" and establishes an
environmental management system in accordance with the "GB/T24001-2016 Environmental Management
Management System Requirements and Guidance for Use" to provide a structured operation mechanism for the company's
environmental management.
Environmental Management System
Environmental Protection
Environmental Protection System Construction
Emergency Warning Mechanism
Great River Smarter, a hazardous chemical storage company, prioritizes safety and environmental protection as
crucial to its development. It proactively advocates for the implementation of various safety and environmental
Great River Smarter has implemented the "Emergency Response and Management Procedures," "Accident
protection measures, aiming to expedite the establishment of an HES benchmark for the entire company.
Investigation and Management Procedures," and the "Great River Smarter Emergency Management System" to
Additionally, it has formed an efficient and unique safety and environmental health management organization with a
prevent and minimize sudden environmental events, manage and address the associated hazards, enhance the
three-tiered management system.
overall response capacity, and safeguard the safety of enterprise operations and employees' well-being. This
Level 1: Health, Safety and Environment and Innovation Committee (HSE & Innovation Committee) initiative aims to reduce the impact of sudden environmental events on the company and society, and to foster the
The Board of Directors is a dedicated operational unit formed in accordance with the company's articles of association. It
comprehensive, coordinated, and sustainable development of the company. Simultaneously, the company has
serves as the central decision-making authority for safety, environmental protection, and health management. The board
developed the 2023 Environmental Emergency Response Drill Plan, with the goal of improving employees'
is tasked with developing the company's medium-to-long-term environmental protection plans, providing guidance,
emergency response capabilities and reinforcing their self-safety awareness through a range of environmental
oversight, and assessment of related initiatives.
accident emergency rescue drills.
Level 2: Health, Safety, and Environment Management Office (HSE Office)
Based on the company's existing organizational structure and the requirement to comprehensively enhance HSE and
Innovation work, integrate internal resources to form a highly professional and efficient team, with a dedicated
During the reporting period
environmental management staff.
Level 3: HSE Full-time Management Organization
Each warehouse area is equipped with a dedicated Environmental Protection and HSE full-time management team, The company conducted a total of 37
along with specialized environmental personnel, to ensure the efficient execution of HSE management tasks. emergency drills for enrivonmental accident
contingency plans. Meanwhile, in
collaboration with various regional fire
Environmental Management System rescue brigades, harbor service companies,
etc., joint emergency drills on different
The company has implemented internal systems such as the "Environmental Protection Monitoring Management themes were carried out.
System," the "Emergency Management System for Environmental Incidents," and the "Environmental Information
Disclosure Management System" in compliance with regulations such as the "Environmental Protection Law of the
People's Republic of China," the "Environmental Impact Assessment Law of the People's Republic of China," and the
"Regulations on Environmental Protection Management of Construction Projects." Adhering to the principles of There have been 0 major environmental
"reduction, harmlessness, and resource utilization," the company actively engages in industrial wastewater incidents reported throughout the year.
treatment and reuse, cascading energy utilization, and comprehensive solid waste utilization. Furthermore, it
integrates the comprehensive utilization of waste (resources) as an assessment requirement at all levels of the
enterprise, demonstrating its dedication to reducing energy and resource consumption from the source and
minimizing waste generation. No significant administrative penalties or
criminal liabilities were imposed by the
By the end of the reporting period, the company had arranged 13 subsidiaries to carry out self-inspections four
relevant ecological and environmental
times, using standard checklists including "24 Common Violations Determination Checklist in Environmental
authorities for environmental incidents Emergency drill for sudden environmental
Management and Law Enforcement Process" and "Checklist of Examination Items and Violation Determination for
during the period. incidents at the Lisha island base terminal
Pollutant Discharge Permits." All environmental monitoring indicators were in compliance with the standards.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 63/64
Environmental Protection System Certification Energy Consumption and Management
Over the years, the company has implemented a robust environmental management system and has The company has developed the "Energy Conservation and Emission Reduction Management Measures" in
consistently advanced the completion of environmental management system certification across compliance with the "People's Republic of China Cleaner Production Promotion Law". It has been consistently
various business sectors. Moreover, it has actively pursued clean production initiatives and undertaken conducting energy management activities such as energy consumption assessment, exchange meetings for
the development of green port infrastructure. As of the end of the reporting period, all subsidiary energy consumption analysis, procurement, and enhanced daily management to actively reduce energy
companies under the storage tank storage sector of the company have passed the ISO14001 consumption.
environmental management system certification. In October 2024, Changshu Great Smart The company has set up a team to assess energy consumption, which is led by the Safety and Environmental
Petrochemical Terminal and Cangzhou Great River Warehousing & Logistics plan to proceed with the Protection Office. The aim is to enhance the refined management of energy consumption, improve the
necessary certification procedures. analysis and evaluation methods, and continually evaluate the company's energy-saving potential. Regular
assessments are conducted in the company's different storage areas, and a monthly report and ranking are
As of the end of the reporting period:
issued based on the assessment results. Rewards and penalties are implemented according to the
management guidelines. Simultaneously, the company actively integrates the concept of environmental
reduction, promotes low-carbon behaviors among employees, advocates for shared office space and
normalized remote work, actively organizes online meetings, and minimizes unnecessary business travel.
These efforts contribute to energy conservation and emission reduction, aiming to collectively establish a
green office environment and cultivate a resource and energy-saving enterprise.
During the reporting period, The company consumed:
Names of enterprises certified for environmental
management system, clean production audit, and green port rating
Lishadao Base
Nantong Power Shell Petrochemical
Fujian Gangfeng Energy
ISO14001 Environmental Changzhou Great River
Management System Zhongshan Hongchuan 12,000 tons of nitrogen were recorded, marking a 12.5% decrease year-onyear
Certification Nanjing Great River (liquid nitrogen gasification rate is 1:800)
Taicang Power Shell Petrochemical
Nantong Great Smart, Nantong Yilian
Changshu Base Ssteam production decreased by 4% year-on-year compared to the previous year, reaching 50,000 tons.
(Note:The above data does not include Nantong Great Smart Warehousing)
Dongguan Evergrowing Terminal
Clean Production Dongguan Hongchuan
Auditing Nantong Power Shell Petrochemical
Increased 198 measurement sites. In order to
Changshu Great River
enhance the precise management of energy
consumption, it is important to maintain a
daily awareness of energy usage patterns
Changzhou Great River
Green Port Certification and promptly address any irregularities.
Nantong Power Shell Petrochemical
(3-star level)
Nantong Great Smart
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 65/66
Water Resource Management Emission Management
The company strictly abides by the "Water Law of the People's Republic of China" in managing water resource Great River Smarter strictly abides by the "Comprehensive Emission Standards for Air Pollutants,"
usage. It enhances the supervision of water use processes and regularly assesses water conservation in the "Atmospheric Pollutant Emission Standards for Oil Storage Tanks," "Control Standards for Non-organized
company's reservoir areas. Additionally, the company applies advanced technologies for water conservation Emissions of Volatile Organic Compounds," and other regulations. Additionally, it has established internal
and wastewater reuse to consistently minimize the use of fresh water. Great River Smarter strictly adheres to systems such as "VOCs Governance System of Great River Smarter," "Environmental Protection Monitoring
the "PRC Water Pollution Prevention and Control Law," "Regulations on Urban Drainage and Sewage Management System of Great River Smarter," "Oil and Gas Recovery Equipment Management System of Great
Treatment," and "Comprehensive Discharge Standards for Wastewater" (GB8979-1996), as well as other River Smarter," and "VOCs Control Management Regulations for Loading and Unloading Vehicles of Great
relevant regulations. It has also implemented internal systems, such as the "Wastewater Treatment River Smarter" to effectively manage and control exhaust gas emissions.
Management System of Great River Smarter," to standardize and institutionalize the management of Installing automated monitoring stations to track air quality and odors in the vicinity of the factory, and
wastewater treatment, thereby ensuring the proper and regulated handling of wastewater. The company is monitoring PM2.5, PM10, nitrogen oxides, and VOCs. This will enhance environmental management in the
continually exploring and optimizing sewage treatment processes to reduce the volume of wastewater vicinity of the company, enabling around-clock monitoring of atmospheric conditions around the factory
produced, enhance the efficiency of sewage stations, improve the quality of treated water, and promote the perimeter. This will lead to more accurate and efficient pollution prevention and control measures. The Great
reuse of reclaimed water. We utilize a sewage treatment system to gather and process wastewater from the River Smarter is actively researching advanced technology to reduce volatile organic compound (VOC)
company's residential and industrial areas, and release it to the centralized sewage treatment plant in emissions at the source. Along with conducting LDAR work on schedule for waste gas, it utilizes digital
accordance with regulations. Simultaneously, it manages the reception and disposal of chemical wash water modeling methods to track VOC sources by considering factors such as annual turnover of oil products,
and oily wastewater from river vessels at the ship pollution wash station. storage tank structure, oil product loading and unloading processes, and the current status of waste gas
collection and management. This effort aims to discover new technologies for oil and gas recovery as well as
waste gas treatment in order to meet VOC emission reduction targets.
During the reporting period
During the reporting period
The consumption of tap water decreased by 13% compared to the previous year, to a total of 511,000 tons. The company has achieved a 100% comprehensive compliance rate for waste gas treatment,
meeting the allowable emission limits for pollutants in all storage areas.
The sewage treatment plant processed 98,136 tons of discharged wastewater
The company is persistently conducting LDAR and environmental protection emission reduction
(Note:The above data does not include Nantong Great Smart Warehousing) (Note:The above data does not include Nantong Great Smart Warehousing)
There were no instances of major administrative penalties or criminal investigations related to
pollutant emissions throughout the year.
As of the end of the reporting period
All sewage treatment facilities are operating well
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 67/68
Waste Management Ecological Protection and Land Management
The company places great emphasis on preventing and controlling solid waste, particularly hazardous waste
The company proactively fulfills its responsibility to safeguard the ecological environment by implementing a
pollution. It strictly complies with the "Law of the People's Republic of China on the Prevention and Control of
range of environmental protection measures aimed at minimizing the impact of its operations on the natural
Solid Waste Pollution," the "General Industrial Solid Waste Storage and Landfill Pollution Control Standards,"
environment and biodiversity. It endeavors to attain a harmonious coexistence between human activities and
the "Pollution Control Standards for Hazardous Waste Storage," and other related laws and regulations.
the ecological environment, thereby contributing to the creation of a beautiful and sustainable habitat.
Additionally, the company has established eight internal systems, including the "Guidelines for the
The company rigorously complies with laws and regulations, including the "Water Law of the People's
Standardized Management of Solid Waste" and the "General Management Measures for Solid Waste." These
Republic of China," the "Flood Control Law of the People's Republic of China," and the "Yangtze River
systems are tailored to the specific characteristics of the petrochemical storage industry, allowing for
Protection Law of the People's Republic of China." Furthermore, it actively engages in shoreline ecological
differentiated management of general industrial solid waste and hazardous waste.
governance and protection efforts. Environmental indicator monitoring equipment is installed in the dock
The company has implemented a robust management system for general industrial solid waste. It utilizes
area for trial, regular assessment of environmental risks is conducted, and dynamic changes in environmental
solid waste treatment facilities to conduct safe disposal of irrecoverable waste while optimizing the process
conditions are timely understood; shoreline sewage treatment and discharge control are strengthened,
to reduce the generation of solid waste based on ledger analysis of the main sources of solid waste. In order
sewage within the dock is collected and treated to ensure compliance with national emission standards.
to address the issue of hazardous waste, the company has set up a "hazardous waste storage warehouse" in
Simultaneously, the company places high priority on safeguarding land resources, strictly adheres to the
compliance with pertinent regulations. This involves clearly delineating the department and individuals
regulations specified in the "Law of the People's Republic of China on the Prevention and Control of Soil
responsible for hazardous waste management, establishing disposal objectives, and creating a
Pollution" and the "Technical Specifications for Soil Environmental Monitoring", and responsibly optimizes the
comprehensive list of hazardous waste sources and disposal records. Furthermore, the company regularly
use of land resources. It also carries out soil monitoring for its affiliated subsidiaries in accordance with the
reports the quantity and categories of hazardous waste each year, and delegates the management of
applicable criteria.
hazardous waste to a qualified third party.
During the reporting period During the reporting period
The company conducts soil monitoring 4 times
Solid waste disposal compliance rate of 100%.
a year in compliance with legal requirements.
In accordance with relevant regulations, a total of 536.84 tons of hazardous waste were
All monitoring factors meet the qualifications.
transferred to qualified hazardous waste receiving units in 2023.
(Note:The above data does not include Nantong Great Smart Warehousing)
Proper disposal rate of hazardous waste is 100%
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 69/70
The company is actively investigating the development of a green storage and transportation system in response to the "dual carbon" goal.
This effort encompasses advancements in energy-saving and emission reduction technology research, optimization of storage and
Developing Green Storage transportation processes, as well as the exploration of intelligent management. The aim is to gradually establish a comprehensive green
storage and transportation system, with the goal of building an environmentally friendly petrochemical storage and transportation
and Transportation
enterprise. This initiative is focused on achieving environmental protection, high efficiency, and sustainable development in the storage and
transportation process, thereby actively contributing to the promotion of green development across the entire industry.
Green Environmental Protection Related Patents
Green Technology Innovation Name of Patent Name of Subsidiary Type
Amid the growing severity of global climate change and environmental issues, the reduction of pollution and Petrochemical Wastewater Treatment Method Taicang Power Shell Petrochemical Invention
carbon emissions has emerged as a shared objective for governments and companies worldwide. The
A Precision Docking Device for Oil and Gas Pipelines Changshu Great Smart Invention
advancement and implementation of technology have offered robust support in pursuing this goal within the
A Temperature Sensor Component, Incineration System,
environmental sphere. Under the guidance and support of the Board of Directors' HSE and Innovation Invention
and Waste Gas Treatment Method
Committee, the company's Technology Innovation Office is actively engaged in research and development Changzhou Great River
Dry and wet gas transmission system,
Invention
related to green technology. VOCS waste gas recovery system, and recovery method
The company implements effective methods to reduce environmental pollution including waste water and A oil depot crane pipe leakage recovery device Utility Model
waste gas treatment processes, with a focus on reducing pollutant emissions at the source. Additionally, the
An anti-pollution shed for oil depot sewage station Utility Model
company has developed an environmental management monitoring system to ensure continuous
environmental management throughout the entire process. Research efforts are also directed towards waste A conveniently positioned leak alarm device for chemical tanks Utility Model
Dongguan Evergrowing Terminal
gas recovery systems and methods to address industry challenges. Moreover, the company is dedicated to Exhaust gas treatment device for platform Utility Model
promoting environmentally friendly storage and transportation processes for products.
Chemical wastewater treatment device Utility Model
During the reporting period, the company made innovations in green storage and transportation technology Mobile exhaust gas disposal device Utility Model
with the following achievements:
Exhaust gas treatment device for chemical storage Dongguan Great River Petrochemical Terminal Utility Model
An integrated treatment device for ship ballast water Taicang Power Shell Petrochemical Utility Model
reduce the emission of VOCs by approximately 135.87 tons The majority of emissions are
reduced by more than 90% , and Liquid and solid waste pressing device and system Utility Model
approximately 18.74 tons of COD emissions are to be reduced
some emission indicators even fall An intelligent meter reading management
Utility Model
reduce ammonia nitrogen emissions by approximately 0.98 tons system with lighting function
below national and local emission
An angle-adjustable wastewater monitoring
standards by 60% or more Utility Model
reduction in suspended particles amounts to approximately 6.87 tons system for chemical products
Nantong Power Shell Petrochemical
Chemical Wastewater Cleaning Device Utility Model
(Note:The above data does not include Nantong Great Smart Warehousing)
Oil recovery control device Utility Model
Oil and gas monitoring device for ship ballast water recycling Utility Model
As of the end of the reporting period, the company has 24
environmental patents. A storage device for leak-proof liquid petrochemical products Utility Model
Zhongshan Hongchuan
A gas recovery treatment device for petrochemical products
A gas-liquid separator for VOCS waste gas treatment system Utility Model
A spraying Device for VOCs Waste Gas Treatment System Utility Model
all above mentioned patents strive to promote company Changzhou Great River
business development, helping enterprises reduce A spray device for petrochemical storage area exhaust treatment Utility Model
Green Environmental
pollution, lower carbon emissions, and increase efficiency Protection Invention Certificate Utility Model
An anti-volatilization system for petrochemical tanks
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 71/72
Environment-friendly Process Upgrades
Implementing Oil and Gas
Recovery and Renovation Projects
The company has consistently upheld the principles of safety and sustainable development, continuously advancing eco-
friendly initiatives, and steadily increasing investments in upgrading and refurbishing environmental protection equipment
and facilities. It actively executes environmental enhancement projects for equipment related to Volatile Organic
Compounds (VOCs), including efficient valve conversions, floating disk upgrades for storage tanks, and oil and gas In 2023, Changshu Great Smart Petrochemical Terminal initiated an oil
recovery improvements. It aims to establish itself as a benchmark enterprise in environmental protection, striving to recovery transformation project to enhance the efficiency of oil and gas
achieve a harmonious balance between economic prosperity and environmental conservation. recovery and minimize VOCs emissions by expanding the capacity of the
recovery storage tank.
Carry Out Efficient Breathing Valve Refurbishment As of the end of the reporting period
In 2023, the Changzhou Great River Petrochemical Terminal Company plans to enhance the sealing performance of
A new 800m?/h dual-channel oil and gas recovery equipment and
storage tanks by replacing 148 high-efficiency breathing valves and 70 pressure relief manholes. This initiative aims
associated pipelines were invested in and constructed to replace the original
to convert uncontrolled tank emissions into controlled emissions through the accompanying RTO furnace for
management, resulting in an estimated annual reduction of approximately 115 tons of VOCs.
New oil recovery pipelines, loading platforms, and the retrofitting of five The Changshu Great Smart
sets of bottom-mounted crane tubes and tank accessories. Petrochemical Terminal has
As of the end of the reporting period
recently procured new oil
The operation aims to implement sub-loading for the oil product group,
and gas recovery equipment.
The air quality within a 5km radius has improved, benefiting around 45,000 people. focusing on oil and gas recovery and achieving a VOCs removal efficiency of
over 95% .
Expanding Environmental Protection Business
The company is proactively growing its Environmental Protection business in line with the local government department's
requirements for its subsidiary enterprises, integrating its current business strengths and relevant potential demands. The
company is involved in constructing and operating ship pollution washing stations, while also providing assistance to
customers in ship garbage transfer. This includes receiving ship pollutants for emission reduction treatment, as well as
Changzhou Great River efficient breathing valve
handling the disposal of chemical cleaning water and oil-contaminated sewage from river vessels.
Implementing "Full Liquid Contact + High-Efficiency During the reporting period, the subsidiary companies Taicang Power Shell Petrochemical Co., Ltd. and Nantong Power
Shell Petrochemical Co., Ltd made:
Sealing" Floating Plate Retrofit
In 2023, Taicang Power Shell Petrochemical Co., Ltd.'s subsidiary company implemented the Environmental A cumulative total of 14,917 tons Reduce COD by
Protection Comprehensive Improvement Project. The project involved the conversion of the floating roof tanks in of ship sewage received approximately 220.77 tons.
the storage area into floating roofs capable of "full liquid contact + high-efficiency sealing." Through this upgrade,
the storage tanks were equipped with nitrogen sealing facilities, breathing valves, and pressure relief hatches, thus
contributing to environmental protection efforts. It is anticipated that this initiative will result in a reduction of
approximately 400 tons of VOC emissions per year at the source.
Nantong Power Shell Petrochemical Co., Ltd. cleaning station Taicang Power Shell Petrochemical Co., Ltd. cleaning station
Full Liquid Contact + High-efficiency Sealing" Floating Plate by Taicang Power Shell Petrochemical
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 73/74
It is our shared historical responsibility and mission to practice the concept of environmental protection and
to contribute to the building of a beautiful China. The company is guided by the concept of green
Environmental Protection development, pursuing high-quality development by comprehensively promoting energy conservation,
reducing consumption, and encouraging low-carbon circulation. It encourages employees and the general
Concepts and Practice public to initiate environmental protection efforts in their surroundings, collaborating to construct an
environmentally friendly society.
Environmental Protection Public Environmental Protection
Welfare Activities Education and Promotion
To enhance Environmental Protection awareness and effectively promote energy-saving, the company's The company promotes the improvement of environmental protection awareness among employees and the
volunteer groups in various storage areas regularly arrange public welfare initiatives including urban general public through internal environmental education and external environmental publicity activities,
greening, beautification, and shoreline rubbish cleaning. aiming to increase attention to environmental issues.
During the reporting period, the company engaged in environmental protection public welfare During the reporting period, the company conducted Environmental Protection education and
activities a total of 2 times. promotional activities 21 times in total.
Conduct Environmental Protection-themed Greenhouse Gas Inventory Training
Volunteer Service Activities The company aims to raise awareness about organizational greenhouse gas emissions through the promotion of
"ISO14064-1 Organizational Greenhouse Gas Inventory and Verification." This includes information on greenhouse
On June 11th, 2023, the Changshu Base collaborated with the Changshu Economic and Technological gas management, challenges, opportunities, the development and framework of greenhouse gas-related
Development Zone Environmental Protection Bureau to organize a public volunteer service event at standards, key terms and definitions, emission sources and activity data, determination of emission factors, and the
Yushan Park, under the theme "Protecting Clean Water and Green Mountains to Build a Green Home", calculation of emissions.
aligning with the vision of "Building a Modernization for Harmonious Coexistence between Humans and
Nature" for the 2023 World Environment Day. Approximately 80 people participated in the event. With a
spirit of endurance and dedication, the volunteers completed the cleaning work within the scheduled
Activities for Energy-saving Promotion and
time, clearing the park of litter and contributing to a cleaner and more organized public environment. Low-carbon Day in 2023
To fulfill the mandates of the national energy-saving publicity week and low-carbon day activities, and
to promote the principles of green development and the understanding of energy conservation and
carbon reduction, the company has chosen "Walking Together with You and Me: Energy Conservation
and Carbon Reduction" as the central theme. It has enthusiastically organized a variety of educational
events and robust public outreach efforts to enhance awareness of ecological preservation,
conservation practices, and the principles of green low-carbon development.
SOCIETY
Responsible Supply Chain
Supplier Management
Integrity in Procurement
Strengthening Safety Management
Safety Management System
Occupational Health and Safety
Safety Training and Drills
Employee Growth
Employee Rights and Benefits
Employee Development
Employee Care
Incentives and Assessment
Building a Harmonious Society
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 77/78
Responsible Supply Chain
Supplier Management Integrity in Procurement
Supplier Management System Transparent Procurement
By comprehensively managing suppliers, efficiency can be improved and costs reduced, service and quality levels enhanced, and flexibility and adaptability The contract signed with the supplier contains "Clean Code of Practice"
strengthened, while also fostering cooperation and collaboration. These goals are interrelated and mutually supportive, collectively forming an efficient, stable, and "Supervision and Reporting Methods", and is jointly supervised by
and sustainable supplier management system. legal personnel, the Audit Department, and the Infrastructure and
Procurement Center to maintain a good business environment and the
Supplier admission Supplier classification legitimate rights and interests of both parties.
Clearly define the basic requirements for supplier admission from aspects Based on the principles of "comparable level, proximity, and
such as the supplier's legitimate business qualifications, certification similar performance," the company forms a centralized Green Procurement
audit processes, quality assurance systems, and other conditions. procurement of main equipment and materials suppliers.
The company fully integrates the concept of environmental protection into
Vendor for non-centralized procurement of small materials shall
the procurement process, placing a strong emphasis on equipment and
be selected based on the principles of "choosing the nearest,
material selection with a priority given to low-carbon, environmentally
having outstanding comprehensive strength, and promoting
friendly, and energy-efficient options under similar conditions.
healthy competition".
Supplier performance evaluation and management Supplier Exit Management
Procurement Execution
Establish a scientific and reasonable "Supplier Performance Evaluation Form," and Suppliers found to have violated national laws and regulations,
Based on the company's procurement needs, the standard procurement
organize relevant departments to evaluate the supplier's performance in fulfilling engaged in illegal activities, or have failed to meet annual
operation process includes five forms: direct procurement, single source
contracts. Suppliers who receive an "excellent" performance evaluation for the year evaluation standards during the cooperation process will be
procurement, inquiry and negotiation procurement, competitive
are eligible for rewards. removed from the list of suppliers.
negotiation, and invitation to bid. Suppliers are selected from a shortlist
Based on the annual comprehensive evaluation, analyze the reasons for issues
and the process includes requisitioning, inquiry (bidding), contract
related to safety, quality, service, delivery capability, etc. discovered during the
signing, supplier stocking, goods receipt and payment.
assessment, formulate improvement plans, carry out the improvements, deepen
cooperation with high-quality suppliers, and eliminate unqualified suppliers.
In 2023
Supplier Contract Signing
The company's Infrastructure and Procurement Center has connected
with 175 centralized purchasing suppliers (including 22 suppliers within
The contract signed with the supplier contains "Clean Code of Practice" and "Supervision and Reporting Methods", and is jointly supervised by legal personnel, the Guangdong Province). 1 supplier had its cooperation suspended due to
Audit Department, and the Infrastructure and Procurement Center to maintain a good business environment and the legitimate rights and interests of both parties. non-compliance, and 2 potential suppliers were rejected due to non-
compliance.
Management of Supplier ESG Risks
When signing contracts with suppliers, the company simultaneously signs the "Safety, Environmental Protection, and Occupational Health and Safety Agreement
for Related Parties" with contractors to clarify the main responsibilities of both parties in terms of work safety, environmental protection, and occupational
health. This ensures good working order, a safe workplace, standardized behaviors that do not pollute the environment, and the elimination of behaviors that are
detrimental to occupational health.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 79/80
Strengthening Safety Management
Safety Management System
HSE Management System
Safety Production Management Mechanism Policies, Concepts, Elements, Mechanisms
Board of Directors
Risk Grading Control Fire Protection and Security Management
Hidden Danger Investigation and Management Team Building
HSE and Innovation Committee
(chaired by the company's chairman) Contractor Management
Mergers and Acquisitions HSE Management
Permit Management
Accident Management
HSE Management Office
Occupational Health Management
Environmental Management
Behavior Management
Director Emergency and Crisis Management
(served by the company's chairman) Process Management
Hazardous Chemicals Management
Change Management
Executive Deputy Director Chief Advisor HSE Management System
Achieving four goals through the HSE management system
Chief Safety Production Supervisor Environmental occupational adverse HSE
Protection Director
diseases social impacts
Deputy Safety Production Supervisor Functional Centers at Headquarters
Achieving four
Environmental zero targets
Safety Engineers
Protection Engineers
environmental
casualties
External Consulting Units Various Storage Areas exceedances
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 81/82
Safety Production Management System
Based on the company's safety management strategy goal of "Employee Recognition, Social Respect,
Industry Leader, Safety Benchmark" and the safety management vision of "Safe GR、 Happy Home", in
order to standardize the performance evaluation and management of HSE responsibilities, enhance the
The company standardizes its HSE management work through the "HSE Management Procedure"： process and goal management of HSE, reduce and control accidents, and meet the requirements of
· Continuously improve its occupational health and safety performance, prevent significant injuries and standardized HSE management, the company has formulated the "HSE Responsibilities Performance
health damage to personnel caused by work, and provide a healthy and safe working environment; Evaluation Measures" to clarify the scope and criteria for safety performance evaluation of personnel at
·Create an excellent safety culture atmosphere, adopt effective prevention and protection measures to all levels in the company. It links safety production performance with the safety production work of
eliminate hazards, and minimize occupational health and safety risks; personnel at all levels in the company to ensure the achievement of safety management goals.
· Strive to transform from managing accidents to managing incidents, from managing incidents to
managing hidden dangers, from managing hidden dangers to managing risks, and pursue zero harm,
zero hidden dangers, zero pollution.
The company regularly reviews and revises its safety management system and continuously
improves various safety management regulations. In 2023, the company formulated/revised 26
management documents and related forms, gradually perfecting the safety management system.
HSE Performance Assessment
S/N Documents
Risk Inspection and
The company earnestly implements the main responsibility for safe production, actively carries out the
investigation and rectification of major accident hazards, and strengthens the comprehensive
investigation of key areas, key processes, and key parts. At the same time, it innovates the risk
prevention mechanism, enhances the comprehensive management ability to respond to emergencies,
ensures that the company's risk hazard investigation is thorough, risk control is in place, and
emergency response capabilities are improved, thereby preventing and curbing the occurrence of
Management System for Oil Vapor Recovery Device
Emergency Environmental Management System 295
General Management Measures for Solid Waste
Annual Advanced Work Team Selection System for Safety Production 1,567
Oil and Gas Recovery Disfunction Diagnosis Guideline
Emergency Response Plan for SIS System
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 83/84
Assessment of Team Leader's Safety and Environmental Protection Performance
Management of Major Risk Sources
The company regularly conducts assessments on the safety and environmental
According to the "Measures for the Supervision and Management of Major Hazard Sources of
protection performance capabilities of team leaders and generates
Dangerous Goods in Ports" (Transportation Water [2021] No.6) of the Ministry of Transport, all
corresponding reports. The assessment of team leaders' performance
subordinate units of the company are required to conduct:
capabilities is carried out in four dimensions: "team management ability, risk
control ability, mentoring ability, and emergency response ability." ·Safety assessments on the major hazard sources in their respective ports and determine their hazard source levels.
·the identified major hazard sources should be registered and documented promptly;
Team management capability refers to the ability to demonstrate, guide, lead,
· A dual preventive mechanism should be established to ensure safety risk classification and control, and to conduct
and effectively implement responsibilities; risk control capability refers to the
inspections and governance of hidden dangers. A comprehensive system for the safety management of major hazard
ability to meet the necessary basic knowledge and skills for job performance,
sources in ports should be developed, and safety technological measures should be implemented accordingly.
and to organize identification, evaluation, and control of safety and ·Regular inspections and daily patrols should be conducted to assess the safety status of major hazard sources.
environmental risks within the team's jurisdiction; mentorship capability refers ·Measures should be promptly taken to eliminate any accident hazards identified during inspections.
to the atmosphere within the team that fosters mentorship, with activities, ·Monitoring and surveillance of major hazard sources should be carried out, and a monitoring system for the safety of
mentoring records, and candidates who are qualified to replace the team major hazard sources, based on the types, quantities, storage processes, and related equipment and facilities of
leader; emergency response capability refers to the ability to organize, dangerous goods, should be established and improved in accordance with the requirements.
coordinate, command, and respond to sudden events. Control measures should be enhanced. According to the relevant national regulations, regular testing
and inspection of the safety facilities and monitoring systems for major hazardous sources in ports
Emergency Capacity Assessment of Each Warehouse Area should be conducted. Regular maintenance and upkeep should also be performed, and the results of
The HSE Management Office organized emergency capacity assessments for each warehouse area. The maintenance, testing, and inspection should be recorded to ensure the effective and reliable operation
assessments were conducted through inquiries, document reviews, and on-site inspections, evaluating of the safety facilities and monitoring systems for major hazardous sources.
aspects such as emergency duty, emergency reporting, emergency supplies, emergency teams, Establish a system for safety risk warning notices, set up clear safety warning signs and safety risk
emergency plans, emergency training, emergency drills, and emergency support. notice boards in places where major hazards are located, produce job safety risk notification cards,
indicating the main safety risks, the categories of potential accident hazards, the consequences of
accidents, control measures, emergency measures, and reporting methods, and so on.
Risk Assessment Consultation and Guidance Plan
The company invited experts from the China Occupational Safety and Health Association to provide
empowerment training on LOPA-SIL, HAZOP classification analysis methods, HAZID, and JSA risk
assessment methods to relevant personnel at Nantong Yanghong and Lisha Island bases. The trained
personnel also underwent a risk assessment capability evaluation.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 85/86
Safety Management Integration Improvement Project - Operational Completeness
Safety Management Integration Enhancement Project
Safety Operation Limit Analysis and Review: Research the current status of company's operation restriction
management, conduct training, provide guidance on operation restriction analysis and carry out evaluation to
Safety Management Integration Enhancement Project - Top-level Design confirm the results.
Rationalization Analysis of Alarm System: Conduct research on alarm management, conduct training based on
Revise the "HSE Management Procedure" of GR and conduct training and promotion: research findings, and provide guidance to establish a sound hierarchical alarm management system.
Benchmarking the management elements of AQ/T 3034 "Guidelines for Chemical Process Safety Perfect Revision of Standard Operating Procedures: Improve the establishment of the management system
Management," supplement and add relevant content such as "Storage Facility Safety Planning and for operating procedures, guide the establishment of standard templates for process instructions, (loading,
Design, Initial Start-up Safety, Safety Operation, Safety Instrument Management, Major Hazard shipping) operating procedures, and process information management system.
Source Safety Management, Change Management, and Safe-Always". Pre-Start-up Safety Review (PSSR) for Driving: Establish a new management system for pre-start-up safety
reviews to provide employees with a basis for conducting PSSR.
Compile the key position duty matrix, responsibility list, and guide the revision of the
Accident Incident Management Process Review and System Revision: Review the accident incident
responsibility system for GR .
management process, and integrate it into the Accident Incident Management System.
Construction of safety management capability standards: Emergency Plan Management Process Review and System Revision: Reviewing the management process
Systematically review the company's management system, identify the knowledge and skill gaps of emergency plans, integrating them into the Emergency Plan Management System.
of employees, and establish uniform safety management capability standards.
Safety Management Integration Enhancement Project - Equipment Integrity
Hold a project kickoff meeting for equipment integrity, reviewing previous safety diagnosis issues and clarifying
work plans and objectives.
Safety Management Integration Enhancement Project - Risk Assessment Conduct Bow-tie analysis and discussion, identify and determine safety-critical equipment (SCE), optimize
equipment management resources and reduce costs.
Conduct research on risk management standards, combine them with the actual situation of the
Equipment classification and inventory clarification.
company, and streamline the process of managing process hazards. Develop training programs
Discuss and formulate the PS for SCE (Safety-Critical Systems Engineering).
and content.
Develop a preventive maintenance plan (PM) for SCE and integrate it for further improvement.
Identify and determine the requirements of the equipment management procedures, communicate the standards of
Adopting a centralized training+practical operation empowerment approach, carry out training the management procedures, and discuss and revise the equipment management procedures for improvement.
on risk analysis and assessment methods such as HAZOP, LOPA-SIL, HAZID, JSA, etc., to Discuss and determine the standards and procedures for Device Management (DM) deviation management.
enhance the company's risk identification and control capabilities. Determine the specific methods, requirements, results, resources, monitoring, and indicators for equipment
integrity management, and establish an equipment integrity management manual.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 87/88
Occupational Health and Safety Safety Training and Drills
The company attaches great importance to the
occupational health and safety of its
employees and strictly complies with the
relevant provisions of the "Law of the People's Number of Safety Training Sessions Number of Participants in Safety Training
Republic of China on the Prevention and
Control of Occupational Diseases" and the
occupational health and safety management
system issued by the International Organization
for Standardization (ISO). The company continuously improves its occupational health and safety
management system and is committed to providing employees with healthy and safe working conditions.
The company continues to strengthen the prevention and management of occupational hazards in the
workplace, regularly conducts assessments of the current status of occupational hazards, and invites third-
party testing units to detect occupational hazard factors in the workplace every year. The company has set up Number of Emergency Drills Number of Participants in Fire Drills
an occupational health management information bulletin board to regularly publicize occupational health
management information to employees, ensuring their right to know.
At the same time, the company continuously improves its occupational health supervision mechanism and Among them: Number of Fire Drills 84
continuously improves employees' "Occupational Health Monitoring Files." For personnel in specific positions,
the company arranges pre-employment, on-the-job, and pre-departure occupational hazard health
examinations in strict accordance with the requirements of laws and relevant industry standards. For Safety Training
personnel in specific positions, the company provides special labor protection equipment and patiently
guides and strictly requires employees to wear labor protection equipment to ensure employee safety first. Training on Interpretation of "Design Code for Oil Depots”
For all employees, the company regularly organizes occupational health examinations to ensure the physical
In order to more comprehensively and thoroughly interpret the national standard "Design Code for Oil Depots"
health of employees.
and further improve the safety management of the storage area, the company invited Mr. Han Jun, the main
drafter of the "Design Code for Oil Depots", to come to the company for training and Q&A sessions.
During the reporting period:
Training for Special Operation Safety Supervisors
Employee physical examination coverage: 100%
In accordance with the mandatory requirements of "Safety Regulations for Special Operations in Chemical
Number of work-related deaths: 0
Production Units" GB30871-2022, "Special Operations Safety Supervisors must undergo training, assessment,
As of the end of the reporting period, the company and its subsidiaries
obtain certificates, and take up their positions". The company conducts continuing education and assessment
have passed the IS045001 occupational health and safety
for special operations safety supervisors.
management system certification.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 89/90
Training on "Chemical Process Safety Management”
Emergency Drills
The company invited Wang Haoshui, Vice Chairman of China Occupational Safety and Health
Association and Deputy Secretary of the Party Committee, to conduct on-site work discussions and Series of Drills During Safety
special training on "Chemical Process Safety Management". Production Month
Changzhou Municipal Transportation Bureau and the
Compilation of "Job Safety Production Knowledge Training and Assessment Matrix”
Xinbei District Construction Bureau jointly conducted a
In order to implement the daily security knowledge examination for employees, further strengthen their joint emergency drill for transportation and production
understanding and mastery of safety management-related knowledge, the company has compiled the safety accidents involving hazardous chemicals in
Cangzhou Great River Warehousing & Logistics
"Job Safety Production Knowledge Training and Assessment Matrix". Referring to the matrix, training Xinbei District, Changzhou GR.
conducted a comprehensive drill on safety
libraries and question banks are developed, and after completion, assessments are conducted based on production accident contingency plans
categories.
Series of Training During Safety Production Month
Lishadao Base in Dongguan conducted an emergency Fujian Gangfeng Energy, together with the
drill for T4006 tank production safety accidents. The Qinglanshan Squadron of the Sinochem Fire
Safety Director of the HSE Department at Lishadao Base Brigade and the Four Major Teams of the United
in Dongguan, served as the overall commander for this Petrochemical Fire Brigade, carried out
comprehensive emergency drill and invited the Fire emergency drills for major hazard source leakage
Brigade of the Binha and fire accidents.
Other Drills
In order to improve the producion safety accident warning and emergency response capabilities of all
employees, Zhongshan GR and the local fire rescue team carried out a level 2 comprehensive emergency
Training on "Crisis and Emergency Management” drill.
The company invited Professor You Zhibin, a doctoral supervisor and professor at the Emergency
Management Training Center of the Central Party School (National Academy of Governance), to
conduct specialized training on "Crisis and Emergency Management" on site, in-depth study of national
emergency management laws and regulations, typical cases and prominent issues, emergency
management strategies and methods, and further enhance the company's crisis and emergency
management capabilities.
Special Training on "Risk Management”
The company invited Zheng Jian from the China Occupational Safety and Health Association to conduct
on-site training on "Risk Management" to further enhance risk classification control and hidden danger
investigation and governance capabilities.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 91/92
Employee Growth
Employee Rights and Benefits
Employee Recruitment Employee Communication
Compliance in Employment The company places a high emphasis on employee
The company strictly complies with the requirements of the "Labor Law" and "Labor communication and advocates for a culture where 'superiors
Contract Law" in terms of employment, and will not employ individuals who have not encourage and praise their subordinates frequently;
terminated their labor contracts with their original employer or who are under 18 years old. subordinates offer suggestions and discuss issues with their
All personnel must sign a labor contract on the day of employment to ensure legal and superiors.' This approach ensures the full protection of
compliant employment. employees' democratic rights to speak out. For new employees,
the company conducts periodic one-on-one meetings to
Equal Opportunities establish a smooth communication channel with them.
The company strictly adheres to the provisions of the “Labor Law” and the “Labor Contract
Law,” as well as other relevant legal regulations, in formulating its human resources and
recruitment policies. Within these policies, the company clearly states that the recruitment
and employment of employee follow the principles of "openness, equality, competition, and
Satisfaction Culture
meritocracy". Employees who meet the requirements for recruitment positions within the To enhance overall satisfaction, the company conducts a semi-
company and demonstrate outstanding performance will be given priority for selection and annual satisfaction survey across three dimensions:
promotion, with external recruitment considered afterwards. “employees,” “customers,” and “departments.” After compiling
the results, the company focuses on the bottom five areas with
Non-discrimination the lowest scores, conducting continuous follow-ups and
The company provides equal opportunities to all applicants, regardless of their gender, improvements. Through ongoing refinement and optimization,
ethnicity, religious beliefs, or different references. the company aims to continuously elevate satisfaction levels
among employees, customers, and departments.
Labor Union Organization
Care for Female Employees
Under the leadership of the party organization, the trade union advances the construction
of democratic management. It listens to the needs of the employees, advocates on their The company respects and cares for every female employee, ensuring the protection of
behalf, and safeguards their rights and interests. The union always insists on safeguarding their rights and interests in all aspects. To this end, the trade union has established a
the legitimate rights and interests of the workers, regularly holds workers' congresses to Women's Staff Committee. The company has established a 'Mother's Station' within the
report on the work situation, listen to the voices of the workers, and safeguard the workplace to accommodate the special needs of female employees during breastfeeding
workers' rights to be informed, to vote, and to make suggestions. The union regularly and other critical periods. For pregnant female staff, the company provides a special
organizes face-to-face communication between employee representatives and business nutritional soup. On 'March 8th' Women's Day, the company organizes activities for
representatives to sign collective bargaining agreements, ensuring that employees receive female employees to make them feel cared for and appreciated in their work
the benefits they deserve. environment.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 93/94
Employee
Number of Employees Total Employees 1,732 Employee Turnover Total Employee Turnover Rate 1.65%
Employee Gender Distribution Employee Gender Distribution
Female Employee Turnover Rate
Male Employees Female Employees 1.24%
Male Employee Turnover Rate
Age Distribution
Employees Over 50 Years Old
Under 30 Years Old Employee Turnover Rate
Employees Under 30 Years Old 1,119 4.12%
Short-term Contract/Part-time
Professional Composition Over 50 Years Old Employee Turnover Rate
Employees (Interns)
Full-time Junior Employees Full-time Senior Management
(Grassroots Management)
North China Region Employee Turnover Rate
Regional Distribution East China Region Employee Turnover Rate
North China Region Employees
East China Region
Employees Southern Region Employees Southern Region Employee Turnover Rate
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 95/96
Employee Development
Career Development Channels Employee Training System
The company adheres to the corporate mission of building a development platform for employees, and In order to build a learning organization and achieve sustainable development of the enterprise, the
strives to expand career development channels for employees, and actively provides support and company based on the long term, focusing on the future, jointly with the China Europe International
assistance for the development of employees, in order to realize the value of employees while Business School (CEIBS) and China Europe Business Online (CEBI), jointly founded the internal
promoting the healthy development of the company, to achieve a win-win situation for the development university GR Management Academy.
of the company and employees.
Vision and Mission of GR Management Academy
Purpose: With a great sense of mission to realize the sustainable and stable development of the
Promotion Mechanism: Dual-track Promotion Mechanism for Management and Technology
company to seek innovation and promote the long-term progress of the employee
Management Promotion Mechanism:
Motto: Cultivation, Virtue, Excellence, Innovation
Frontline personnel → Frontline management personnel →
Middle-level management personnel → Top-level management personnel In line with the company's development needs, GR Management Academy continuously innovates
training modes and methods. The E-learning online platform of GR Management Academy was launched
Technical Channel Promotion Mechanism:
in March 2019, achieving a cross-over in time and space for training work. Relying on the e-learning
technician/technologist → technical director/chief technician →
engineer/technical manager → chief engineer platform, we provide professional, systematic and targeted training for employees at all levels and
positions of the company through the pillars of key talent cultivation, core quality enhancement and
career development certification. As of the end of the reporting period, GR Management Academy has
Promotion Cycle
fully utilized its role as a talent training base, management transformation promoter, knowledge asset
In order to ensure that employees are promoted, the company relies on the employee's monthly
manager, and corporate culture ambassador, and has become an important strategic force for the
performance and comprehensive ability and contribution to give two opportunities for promotion and
company, effectively ensuring the company's continuous, stable, and healthy development.
salary adjustment each year, respectively, in January and July each year.
Institutional Construction
Capacity Enhancement Guarantee In order to ensure the long-term stable operation and standardized implementation of training work, GR
In order to improve the ability and level of employees, and to ensure the healthy growth of employees Management Academy has established targeted systems from multiple dimensions such as daily training
under the dual-channel promotion mechanism, the company has established a perfect training system management, internal trainer and course development management, and employee independent academic
and diversified incentive mechanism. and skill improvement management, in order to provide support for a learning organization.
·Through the combination of online and offline methods, GR Management Academy provides employees Number of employees applying for education and skill enhancement subsidies in 2023: 17 people
with opportunities for learning and improvement. For example, the establishment of the Foundation, Subsidies for education and skill improvement in 2023: 452,500 yuan
Pillar, and GRMBA three learning programs is to enable and support the management knowledge Advanced Skills Certification/Advanced Professional Title Count: 4
required for different management levels. By training internal instructors, reviewing and summarizing Advanced Skills Certification / Associate Senior Title Count: 31
job experience, and strengthening the inheritance and accumulation of professional skills, providing Intermediate Skills Certification / Intermediate Professional Title Number: 139
support and guarantee for employees' technological development. Basic Skills Certification / Junior Professional Title Count: 262
·Through multiple incentive mechanisms, fully enhance the learning enthusiasm of the employees and
give them a platform to realize multiple values, such as: the establishment of academic qualifications Lecturer Team
and skills upgrading incentive mechanism to encourage employees to improve the overall quality and Internal certified trainers are important executors of training work, and GR Management Academy
professional skills. By participating in cross-departmental teamwork, you can not only enhance your insists on continuously certifying, empowering, and managing the trainer team. This is done by
general ability, but also expand your career field. establishing clear promotion channels, evaluation standards, and benefits to activate the vitality of the
internal certified trainer team.
Number of cross-grade promotions in 2023 Number of gold medal instructors: 11 persons
·Frontline worker to frontline manager: 49 Number of senior lecturers: 4 persons
·Frontline manager promoted to middle-level manager: 16 Number of mid-level lecturers: 4 persons
·Mid-level manager promoted to senior executives: 1 Number of junior instructors: 166 persons
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 97/98
Knowledge Accumulation Development of Key Talent
As the company's knowledge asset manager, GR Management Academy has established standardized
curriculum development tools and processes, regularly organizes internal excellent experience
Talent Reserve
summary, thus providing a practical course applicable to the company's business scenarios. At the
With the existing talent structure, GR Management Academy has formulated the growth and
same time, GR Management Academy continuously optimizes the management of knowledge assets and
development paths for reserved talents at different levels, with corresponding talent development
realizes the online dissemination of knowledge assets through the "e-Enterprise Learning" e-learning
objectives, talent development measures and tracking mechanisms, etc., to strengthen the company's
platform, to improve the circulation and utilization rate of knowledge assets.
talent pipeline and meet the company's development needs.
Number of offline courses developed in-house Gate: 239
Number of micro-courses developed in-house Gate: 88 Eagle Training Program
· Purpose of training: To help fresh graduates understand the workplace and GR faster and realize the
transformation and leap from campus to workplace and from workplace to GR professional
Employee Training Performance
· Training content: industry information, company and management structure, corporate culture,
products and supply chain, company rules and regulations, management system, professionalization,
career mindset, the difference between campus and workplace, workplace skills, workplace rules,
important professional skills in warehousing, etc.
Number of trainees Male Female ·Training phase: initial GR experience, workplace a little, professional speed growth
· Forms of training: centralized face-to-face teaching, extension training, internship in reservoirs,
people people people exchanges and Q&A
·Training data: 9 days, 25 participants, 9 instructors, 14 courses, 22 credit hours
Management Members Non-management Members Management Training Program
· In order to consolidate the company's talent reserves and development capabilities, reserve sufficient
human resources for the company's future development, cultivate strategic and comprehensive
management personnel, and meet the company's mergers and acquisitions and high-speed
development of talent needs to develop and implement the training program for trainees.
Total duration of training: 3,540 hours
·GR recruited 14 undergraduate or graduate students from renowned universities across the country to
Number of people trained: 34,104 people times join key positions at the company headquarters and various storage facilities. These individuals will
Average length of training for male employee: 60 hours undergo a training and development program tailored to their backgrounds and our company's talent
Average training hours for female employee: 34 hours growth strategies. GR has successfully implemented and completed the first phase of the overall
training program for our management trainees.
Amount invested in occupational training: 929,607 yuan
·Training Phase: Rotational Learning and On-the-Job Training
· Training Formats: coaching and mentorship, participation in key meetings and projects, online
Compliance Awareness Classes Duration of training: 22 hours learning, and group discussions
Safety drills and exercises Duration of training: 20 hours
Occupational health and hygiene courses Duration of training: 6 hours Key Position Talents
Based on the company's strategic objectives and talent assessment outcomes, the GR Management
Environmental Awareness Classes Duration of training: 5 hours
Academy has identified key positions within the organization. By aligning with the competency models
of these critical roles, we have launched a blended training program that combines 'professional course
"e-Learning" Platform empowerment, scenario case discussions, and action plan implementation.' This integrated approach
aims to enhance the practical capabilities and performance of key personnel.
Conducting online training: 22,432 people times
Total hours: 23,621 hours Intern Average Talent Development Time: 7 hours
junior employee Average talent development time: 62 hours
Hours of study per capita: 11.56 hours
Mid-level employee Average talent development time: 32 hours
Number of study courses: 21,900 classes Senior employee Average talent development time: 24 hours
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 99/100
Core Competency Improvement Career Development and Certification
HSE Competency The company has established a professional grading mechanism for 'Petroleum Storage and
To solidify the foundation of the company's safety management and to build a team of professional Transportation Workers,' which has effectively enhanced the professional competence of key
safety management personnel, GR is committed to meeting the requirements of safety laws and operational positions. In 2023, GR Management Academy, in collaboration with the Dongguan Human
regulations, including the 'Registered Safety Management Practitioner Classification and Management Resources and Social Security Bureau and Zhitong Vocational Training College, innovatively launched a
Measures'. GR Management Academy has optimized the preparation and operation of the Certified new apprenticeship training model. This initiative has facilitated a transformation from grading to
Public Safety Engineer (CPSE) exam in the past years and added the new sessions of "offline face-to- establishing a talent development pathway.
face intensive training + online review accompaniment", which has effectively improved the exam
passing rate and the company's certification ratio in the CPSE exam in 2023.
Number of Certified Employee in 2023: 20 people
Examination Pass Rate in 2023: 33.9% (higher than the national average pass rate for certification)
Skill Level Certification
Customer Service Competency Level
Providing 'high-quality services to customers' is the company's mission. In response to the company's
need to enhance service capabilities at front-line positions, the GR Management Academy has people
conducted customer service training across all units and departments. Through a combination of online
empowerment learning, offline case discussions, and continuous action improvement, the training has
led to a significant improvement in employees' customer service abilities. This has resulted in a shift in
mindset, a change in behavior, and an enhancement in performance, ultimately leading to a notable
improvement in customer satisfaction. Level
Average post-training customer satisfaction: 99.4 points
Direct supervisors have observed an improvement in the customer service capabilities of
people
their employees, as evidenced by higher ratings compared to before the training: 11%
Professional Competence for Job Position
GR Management Academy conducts regular surveys to identify key training needs in various centers, Level
focusing on professional directions. By mobilizing both internal and external training resources, they
provide targeted professional empowerment and enhancement for the respective positions. The academy people
places a strong emphasis on post-training job practice and the transformation of learning outcomes,
ensuring that the training leads to tangible improvements in performance. The following table lists the
engineering and technology upgrading projects at the Infrastructure and Procurement Center:
Training Program Engineering technology enhancement program
Level
Training Bbjectives Senior and mid-level executives of the center 5
By translating the acquired technical knowledge into practical actions, the trainees people
apply what they have learned during their on-the-job training to achieve the
transformation of their skills into concrete outcomes.
Training Results
In practice, the trainees apply what they have learned to achieve project quality
improvement and cost control by optimizing the preliminary design, standardizing the
management of hidden works, and improving the contract and project management.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 101/102
Employee Care Incentives and Assessment
To continuously improve the long-term incentive mechanism and attract and retain outstanding employees,
Employee Benefits the company has implemented six consecutive equity incentive plans since its listing in 2018. These plans
target key employees, middle management, senior management, directors, and other employees who have
The company earnestly practices its corporate culture centered on 'employee focus,' strictly adhering made outstanding contributions to the company's performance or have a significant impact on the company's
to the 'Labor Law of the People's Republic of China' and the 'Labor Contract Law of the People's future performance. The scope of incentive recipients has been gradually expanded year by year to fully
Republic of China,' among other legal regulations. It ensures the protection of employees' legal rights mobilize employees' enthusiasm.
and interests. On top of providing statutory benefits, the company offers a range of additional benefits
based on the overall needs of its workforce, thereby establishing a diversified welfare system.
Equity Incentives
·Employee protection: high temperature subsidy, employee dormitory, employee health care, shuttle
Implemented 6 equity incentive plans since the company been listed in 2018
bus transportation, business trip subsidy, commercial accident group insurance
·Statutory Benefits: housing provident fund, pension insurance, maternity insurance, medical Form of Equity Incentive Plan Number of granted Number of Incentivized Objects
Year (Individuals)
(10,000 shares/units)
insurance, unemployment insurance, work injury insurance
Stock Options 98.50 65
Employee Mutual Aid Year 2019
Restricted stock 50.00 8
The company has established an Employee Mutual Aid Foundation, adhering to the principle of Year 2020 Stock Options 1,000.00 87
voluntary membership and withdrawal. Any employee who has successfully completed their
Year 2021 Stock Options 1,000.00 119
probationary period and become a regular staff member is eligible to join the foundation. As members,
they enjoy the rights and fulfill the obligations associated with membership. Monthly contributions Year 2022 Stock Options 1,000.00 153
ranging from 10 to 200 yuan are deducted from their salary to the mutual aid fund, which entitles them
to receive emergency and relief assistance from the foundation as per the established guidelines. Year 2023 Stock Options 578.00 191
In 2023, the Employee Mutual Aid Foundation provided a total of 63,000 yuan Year 2024 Stock Options 715.50 226
in assistance to five employees.
Performance Assessment
Employee Support Respecting the value of talent, the company has established a performance management system that is
conducive to unleashing the potential of employees and realizing their personal value. This system
"100% Gratitude" for Parents Number of people covered: 1,106 aligns the performance of individual employees, departments, and the company as a whole, thereby
enabling the successful implementation of strategic plans. The company closely links employee
The company offers a “100% Gratitude" program for frontline and supervisory staff. Employees
performance with their compensation, adhering to the principles of 'openness, fairness, and justice' in
participating in this initiative contribute 100 yuan from their salary each month, and the company
conducting comprehensive performance assessment for all employees. The company has established a
matches this contribution with an additional 100 yuan. Consequently, a total of 200 yuan is transferred "Remuneration and Evaluation Committee" to formulate performance assessment policies. Through
monthly to the bank account of the employee's immediate family member. guidance during the implementation of assessments and communication feedback on evaluation
results, the committee assists employees in enhancing their performance and fosters a healthy
Family Care "Journey of Affection" Number of people covered: 248
competitive mechanism.
Mid-level and senior executives are entitled to 2-5 days or less of paid vacation per year, depending on Monthly Star Assessment
their rank in the current year, to enjoy family trips, etc. with their families. Based on varying levels of performance, the company has delineated a five-tier star rating system. Direct
supervisors provide a star rating for each employee's monthly performance. The outcome of these evaluations is
Care and Support Coverage: 100% directly linked to the monthly star-based bonus, with higher star ratings corresponding to larger bonuses.
The company celebrates significant traditional festivals such as Women's Day, Dragon Boat Festival, KPI Specialized Assessment
The company implements targeted Key Performance Indicator (KPI) assessments for important work projects in key
Mid-Autumn Festival, and Spring Festival by preparing holiday gifts and organizing festive activities for
positions, guiding employees to focus on the input and output of critical performance projects.
its employees. Additionally, the company extends congratulations to employees on personal milestones
"Quality Priority" Internal Control Assessment
such as marriage and childbirth with specially prepared gifts. The company conducts assessments of managers and operational staff engaged in production and operations. These
assessments take into account multiple dimensions, including service efficiency, product quality assurance, and
Employee Activities control over the quantity of product loss, tailored to the company's specific industry characteristics. The results of
these evaluations are directly linked to the employees' special performance bonuses.
Cross-departmental Team Performance Assessment
To enrich the spiritual lives of its employees, the company organizes a variety of activities, including:
The company has established cross-departmental management teams for specific projects. To ensure the
annual parties, Women's Day celebrations, employee birthday parties, speech contests, tug-of-war effectiveness of coordinated management and to encourage the work enthusiasm of cross-departmental team
competitions, sports meets, vocational skill competitions, basketball games, photography contests, and members, the company has established a Cross-Departmental Team Performance Bonus to incentivize the
team-building events. performance of members in specific cross-departmental projects.
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 103/104
Building a The company actively fulfills its corporate social responsibility, supports public welfare and charity, and engages in multiple areas such as rural
revitalization, poverty alleviation, funding education, environmental protection, and social assistance. These activities are organized and implemented by
Harmonious Society
the labor union, the party branch, the youth league branch, and the GR Spark Volunteer Service Team, relying on the "GR Public Welfare Fund" and the
"GR Public Welfare Day." The company will continue to carry out charitable work and volunteer public welfare activities in 2023.
Total public Participating Community members Fujian Gangfeng Energy supports the development of education and made donations to Huian Dongzhou Middle School;
Taicang Power Shell Petrochemical Co., Ltd. supports the development of charity causes and has made donations to the
welfare donations employees participating in activities
Taicang Charity Federation
Lishadao Base contributes to rural revitalization by donating to the Shatian Charity Association of Dongguan City
Taicang Power Shell Petrochemical Co., Ltd. and its employees uphold the spirit of moral exemplars, and made donations to the
recipients of the "Good Chinese" title in Taicang City
Nantong Power Shell Petrochemical Co., Ltd. cares for its employees and donates to employees in need
Total time spent on Members of the Total time spent by the employee
The Nantong base supports the development of charitable causes and has made donations to the "Charity Promotion Month and
organizing the events employee volunteer team volunteer teams on service One-Day Donation" event
the "Taicang Charity Day Donation" event
Taicang Power Shell Petrochemical Co., Ltd. supports the development of education and made donations to students in need in
Charity Donations the community
In 2023, the company's total charitable donations amounted to 1.6644 million RMB.
Public Welfare Day." The GR Charity Public Welfare Gala was successfully held on June 20th. Chairman
Lin Haichuan shared the theme "Spreading Love, Realizing Dreams, and Promoting Goodness on the GR Public Welfare Activities
Charity Journey" and shared his firsthand experience of public welfare stories in Jiulong County, Ganzi,
Dedication, love, mutual assistance, and progress are the essence of the spirit of volunteer service in
Sichuan Province, which strengthened his determination to engage in public welfare and advocated for
this era. "GR Public Welfare Day" spreads love, and each of the company's subsidiaries organizes
more people to pay attention to and participate in charitable causes.
volunteers to carry out various public welfare activities. Let the seed of public welfare in the heart of
every GR person take root, sprout, and bear the fruit of love.
Great love endures; Good deeds benefit the world
You contribute a bit, and I contribute a bit
Small amounts add up to large sums, and grains of sand form a tower
GR Public Welfare Day
It's not just a spirit
It is also an action
You may forget that you unintentionally helped others Fire Safety: Taking Action for a Helping the Needy, Supporting
Engaging with the Community Journey of Love Education, Dedicating with Love
But those who have been helped will never forget in their lifetime
No matter where you are
Your love has reached a thousand miles away
Let's take action together
Bringing together the mighty power of charity and public welfare
For those in need of help
Bring love and hope
Embracing Green and Clean Showing Heartwarming Care Boat Festival, Caring for the Elderly
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 105/106
Appendix | Annual Performance
Governance Service
General Meeting of Shareholders Investor Communication Customer satisfaction score 96.76 points R&D investment 53.46 million yuan
(terminal storage tank segment)
Customer satisfaction score
Number of Shareholders (as of 31 Dec, 2023) 10,111 Number of Investor Site Visits 53 times 97.52 points Number of R&D personnel 233 people
(chemical warehouse segment)
Number of major customer
Number of General Meetings of Shareholders 10 times Number of Investors Received for On-site Research 261 people 0 Percentage of R&D personnel in total workforce 13.45%
complaints throughout the year
Number of Disclosures of Investor Relations 100%
Number of Resolutions Passed 48 56 Customer complaint handling rate R&D investment as a percentage of operating revenue 3.46%
Activity Records
Number of Interactions with Investors on Rectification rate of key improvement 100%
Total Number of Participants in Meetings 210 people 32 times Number of patents 130
Interactive Platform items in customer service
Investor Question Response Rate 100% Number of customer privacy leak incidents 0 Number of software copyrights 25
Board of Directors Number of trademarks 8
Number of Board of Directors' Members 7 people
Compliance
Environment
Number of Independent Directors 3 people
Total number of violations. 0 times
Remuneration for Independent Directors 100,000 RMB/year
Totalamount of fines for non-compliance incidents 0 yuan
Number of Board of Directors' Meetings 13 times Electricity consumption 36.40 million kWh Number of soil inspections 4 times
Number of Resolutions Approved by
the Board of Directors
Number of Meetings of Special Committees
Business Ethics
of the Board of Directors 50,000 tons administrative penalties or criminal liability 0
Number of Resolutions Approved by Special Anti-corruption reporting incidents 0
Committees of the Board of Directors
Average Attendance Rate Anti-corruption training sessions 59 Number of subsidiaries with ISO14001 9 bases/
Number of people trained by anti-corruption sessions 185 people Number of subsidiaries certified for cleaner
Reclaimed water recylced 23,300 tons 4
production
Employee "Anti-corruption Commitment" signing rate 100% Number of subsidiaries rated as green ports
Board of Supervisors VOCs emission reduction 464.24 tons 3
(three-star level)
Supplier integrity practice clause signing rate 100% Comprehensive compliance rate of waste
Number of Board of Supervisors' Members 3 people Number of environmental protection patents
gas treatment 100% 24
Number of Female Supervisors 2 people Compliance rate of solid waste disposal Environmental education and publicity activities 21 times
Number of Board of Supervisors' Meetings 13 times Proper disposal rate of hazardous waste Environmental protection and public welfare activities
Financial Data 100% 2 events
Number of Resolutions Passed 63 Operating Income 1,547.07 million RMB
Average Attendance Rate 100% Earnings Before Interest, Taxes,
Depreciation, and Amortization
Net Profit 296.34 million RMB
Information Disclosure Basic Earnings Per Share 0.65 RMB/share
Number of Disclosure Documents 311 Total Tax Amount 175.65 million RMB
Number of Violations and Penalties 0 times Cash Dividend Amount 115.07 million RMB
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 107/108
Society
Supplier Management Number of Employees New Employees Remuneration
Number of suppliers 175 companies Total number of employees 1,732 people Number of new employees 155 people Median annual total salary for all employees 125,500 yuan
Median annual total salary growth 3.22%
Number of suppliers within Guangdong province 22 companies Total number of female employees 460 people Newly recruited male employee 132 people percentage for all employees
Number of suppliers whose cooperation Total annual basic salaries and
was suspended due to non-compliance compensation for female employees
Number of potential suppliers rejected due Total annual basic salaries and compensation 194,665,700 yuan
to non-compliance for male employees
Full-time junior staff (entry-level management) 1,494 people 30-49 years old 64 people
Safety Full-time middle management 137 people 50 years and above 2 people
Number of emergency drills conducted 151 times Full-time senior management 101 people
Total number of employees under 30 years old 327 people Mobile Employee
Number of participants in fire drills 2,513 people Development and Training
Total number of employees aged 30-50 1,119 people Number of mobile employees 213 employees
Number of safety training sessions 386 times
Average training hours per female employee 34 hours
Total number of employees over 50 years old 286 people Mobile male employee 174 people
Number of participants in safety training 16,207 people
Average training hours per male employee 60 hours
Total number of employees in the northern 24 people Mobile female employee 39 people
Number of hidden danger inspections 295 China region Average training hours per short-term
contract/part-time employees (interns)
Under 30 years old 96 people
Number of hidden dangers identified 1,567 Total Number of Employees in the Eastern Region 1,242 people Average training hours per full-time junior employee
(grassroots, basic management) 62 hours
Rectification rate of hidden dangers by deadline 100% Total number of employees in the southern region 466 people
Average training hours per full-time middle management 32 hours
Proportion of executives employed from local Above 50 years old (including 50 years old) 28 people
Number of work-related fatalities 0 40.73%
communities Average training hours per full-time senior management 24 hours
Employee physical examination coverage rate 100%
Amount invested in occupational training 929,607 yuan
Employee Benefits
Compliance awareness-related training 22 hours
Welfare expenses 10,958,100 yuan
Safety drill-related training 20 hours
Labor Regulations Employee Turnover
Number of employees enjoying maternity leave 16 people
Occupational health and safety-related training 6 hours
Number of child labor found during the reporting period 0 Overall turnover rate of employees 1.65 percent
Return-to-work rate after employee maternity leave 100%
Environmental awareness-related training
Number of forced labor found during the reporting period 0 Turnover rate of female employees 1.24 percent
Number of participants in "Gratitude 100%" 1,106 people
Labor contract signing rate 100% Turnover rate of male employees 5.71%
Number of participants in "Family Journey" 248 people
Social insurance coverage rate 100% Turnover rate of employees under 30 4.12%
Number of beneficiaries of "Employee Assistance Fund" 5 people
Social Welfare
Number of employees covered by collective 1,732 people Turnover rate of employees aged 30-50 12.62%
bargaining agreements
(total number at the end of the period) Total public welfare donations 1,664,400 yuan
Turnover rate of employees over 50 0.28 percent
Number of public welfare activities held 192 hours
Turnover rate of employees in the North China region 3.23%
Number of employee participations
Turnover rate of employees in the East China region 2% in public welfare activities 323 people
Members of the employee volunteer team 120 people
Turnover rate of employees in the southern region 0.63%
total time of service by volunteer team 14,059 hours
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 109/110
Appendix | GRI Index
Message from Chairman;
Instructions GRI 1 Used Business Ethics Practice;
Guangdong Great River Smarter Logistics Co., Ltd. GRI 1Foundation 2021 2-25 Processes to remediate negative impacts Business Ethics Practice
reported the information referenced in this GRI Content Index and practices
according to the GRI standards from January
Annual Performance - Compliance
GRI Standards Disclosure Item Chapter 5. Stakeholder
engagement
GRI 2: General Disclosures 2021 2-30 Collective bargaining agreements Employee Growth
GRI 3:
Material 3-2 List of material topics
Sustainable Development Management;
reporting practices 2-3 Reporting Period, frequency and contact point Report Compilation Instructions 3-3 Management of material topics see the table below for specific management
methods for each topic.
The Company did not restate any Please refer to the 2023 annual
information during the reporting period. report of the company
GRI 201: 201-2 Financial implications and other risks and opportunities
Responding to Climate Change
Performance
workers
Appendix | Annual Performance - Number Please refer to the 2023 annual
of Employees report of the company
Sustainable Development Management;
Standardizing Corporate Governance
Indirect Economic
Procurement 204-1 Proportion of spending on local suppliers Appendix | Annual Performance - Supplier
the management of impacts Standardizing Corporate Governance
Sustainable Development Management;
Standardizing Corporate Governance
GRI 205:
Business Ethics Practice;
Responsible Supply Chain
Please refer to the annual report for the
year 2023 of our company.
Anti-competitive Business Ethics Practice
and monopoly practices
Sustainable Development Management;
Standardizing Corporate Governance
Tax 2019
Standardizing Corporate Governance;
Employee Growth
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 111/112
GRI 302:
Energy 2016 403-7 Prevention and mitigation of occupational health and
safety impacts directly linked by business relationships
management system
Improving Environmental Management 403-9 Work-related injuries
Appendix | Annual Performance - Safety
Strengthening Safety Management;
Appendix | Annual Performance - Safety
GRI 303:
Water and 303-3 Water withdrawal Improving Environmental Management 404-1 Average hours of training per year per employee Employee Growth
Effluents 2018
Improving Environmental Management;
GRI 404: 404-2 Programs for upgrading employee skills and transition
assistance programs
Education 2016
Appendix | Annual Performance - Environmental Employee Growth
and career development reviews
GRI 304: Standardizing Corporate Governance;
protected areas and areas of high biodiversity value outside Improving Environmental Management Diversity and Equal 405-1 Diversity of governance bodies and employees
Employee Growth
Biodiversity protected areas Opportunity 2016
Improving Environmental Management GRI 406:
services on biodiversity
Non-discrimination 406-1 Incidents of discrimination and corrective actions taken Employee Growth
GRI 305: GRI 407: Freedom
Emissions 2016 305-7 Nitrogen oxides (NOx), sulfur oxides (SOx),
Improving Environmental Management;
of Association and 407-1 Operations and suppliers in which the right to freedom
Developing Green Storage and Transportation; Employee Growth
and other significant air emissions
Appendix|Annual Performance-Environmental
Collective of association and collective bargaining may be at risk
Bargaining 2016
Child Labor of child labor Appendix | Annual Performance - Labor Regulations
GRI 306:
Waste 2020 or Compulsory
of forced or compulsory labor Appendix | Annual Performance - Labor Regulations
Communities impact assessments, and development programs
Building a harmonious Society
GRI 308: 308-1 New suppliers that were screened using environmental criteria Responsible Supply Chain 2016
Supplier
Environmental 308-2 Negative environmental impacts in the supply chain
Responsible Supply Chain GRI 414: Supplier 414-1 New suppliers that were screened using social criteria Responsible Supply Chain
Assessment 2016 and actions taken
Social Assessment
Employee Growth; 2016 414-2 Negative social impacts in the supply chain and actions taken Responsible Supply Chain
Appendix | Annual Performance - Employee Turnover 416-1 Assessment of the health and safety impacts of product Delivering Quality Services;
GRI 401: GRI 416: Client and service categories Strengthen Safety Management
Employment 2016 Health and
Safety 2016
provided to temporary or part-time employees Annex | Annual Performance - Employee Benefits and safety impacts of products and services Strengthen Safety Management
GRI 417: During the reporting period, Guangdong Great River Smarter
service information and labeling related to product and service information and labeling.
Labeling 2016
GRI 403: 417-3 Incidents of non-compliance concerning marketing During the reporting period, Guangdong Great River Smarter
Occupational communications related to marketing communications.
Health and
Safety 2018 403-3 Occupational health services Strengthening Safety Management GRI 418:
Customer customer privacy and losses of customer data
Delivering Quality Services
Strengthening Safety Management Privacy 2016
occupational health and safety
Message from Chairman | About GR | Sustainable Development Management | Governance | Service | Environment | Society | Appendix 113/114
Appendix | Definitions Appendix | Feedback Form
Definition Entry refers to Definition Content Dear readers,
Company, GR
We appreciate your time in reviewing this report. In our effort to enhance our sustainable development work
refers to Guangdong Great River Smarter Logistics Co., Ltd.
at Guangdong Great River Smarter Logistics Co., Ltd. , we aim to gain a comprehensive understanding of your
Dongguan Evergrowing Terminal refers to Dongguan Evergrowing Terminal Co., Ltd. is a wholly-owned subsidiary company
expectations and needs. Through this survey, we strive to continuously elevate the standard of our
Dongguan Great River Petrochemical Terminal refers to Dongguan Great River Petrochemical Terminal Co., Ltd., a wholly-owned subsidiary of the company sustainable development efforts. We cordially invite you to take part in the survey. Your perspectives and
insights are vital to us. We truly value your insightful feedback and suggestions!
Dongguan Great River Petrochemical Terminal refers to Dongguan Great River Petrochemical Terminal Co., Ltd., a wholly-owned subsidiary of the company
Including Dongguan Evergrowing Terminal,
Lishadao Base refers to Dongguan Great River Petrochemical Terminal, Dongguan Great River Petrochemical Terminal
Hongchuan Petrochemical Storage Co., Ltd.,
Please indicate your choice by marking a √ in the appropriate space.
Zhongshan Hongchuan refers to
a wholly-owned subsidiary of Dongguan Evergrowing Terminal in Zhongshan City 1. Which of the following identities most accurately represents you for Macro Wisdom?
Taicang Power Shell Petrochemical refers to Taicang Power Shell Petrochemical Co., Ltd., a wholly-owned subsidiary of the company □ government or regulatory agency personnel □ shareholders, investors
Jiangsu Changjiang Petrochemical Co., Ltd.
Jiangsu Changjiang Petrochemical refers to
is a partially-owned company of Nantong Power Shell Petrochemical Co., Ltd □ customers □ employees □ supplier
Nantong Power Shell Petrochemical refers to Nantong Power Shell Petroleum Logistics Co., Ltd., a wholly-owned subsidiary of the company □ partner (industry partner/media organization/NGO, etc.) □ community residents
Nantong Hongzhi Chemical Logistics Co., Ltd.,
Nantong Hongzhi Logistics refers to
a wholly-owned subsidiary of Nantong Power Shell Petrochemical Co., Ltd
Nantong Great Smart Petrochemical Terminal Co., Ltd.( the original name was Yilian Energy (Nantong)
Nantong Great Smart, Nantong Yilian refers to
Co., Ltd.) is a wholly-owned subsidiary company of Nantong Power Shell Petrochemical Co., Ltd □ Extremely Satisfied □ Satisfied □ Neither Satisfied nor Dissatisfied
Including Nantong Power Shell Petrochemical Co., Ltd.,
Nantong Base refers to
Nantong Great Smart, and Nantong Hongzhi Logistics □ Dissatisfied □ Extremely Dissatisfied
Changzhou Great River Petrochemical Terminal Co., Ltd.
Changzhou Great River refers to
is a subsidiary holding company of Taicang Power Shell Petrochemical Co., Ltd
Changshu Great River Petrochemical Terminal Co., Ltd. 3. Has the information that interests you been accurately represented in this report?
Changshu Great River refers to
is a wholly-owned subsidiary company of Taicang Power Shell Petrochemical Co., Ltd
Changshu Great Smart Petrochemical Terminal Co., Ltd.
□ Fully reflected □ Mostly reflected □ Partially reflected
Changshu Great Smart refers to
is a wholly-owned subsidiary company of Taicang Power Shell Petrochemical Co., Ltd
□ Minimally reflected □ Not reflected
Changshu Base refers to Including Changshu Great River, Changshu Great Smart
Fujian Gangfeng Energy refers to Fujian Gangfeng Energy Co., Ltd. is a holding subsidiary company 4. What are your thoughts on the layout and presentation of the report?
Nanjing Great River refers to Nanjing Great River Petrochemical Terminal Co., Ltd. is a subsidiary holding company
□Outstanding □ Above Average □ Average □ Below Average □ Unsatisfactory
Ningbo Ningxiang refers to Ningbo Ningxiang Liquid Chemicals Terminal Co., Ltd. is a subsidiary joint venture company
Weifang Great River refers to Weifang Great River Liquid Chemicals Terminal Co., Ltd. □ Develop a long-term sustainable development plan
Rizhao Great River Warehousing & Logistics Co., Ltd.
Rizhao Great River refers to
is a subsidiary holding company of Dongguan Evergrowing Terminal Co., Ltd
□ External communication is being carried out extensively.
Cangzhou Great River refers to
Cangzhou Great River Warehousing & Logistics Co., Ltd., □ Enhance the establishment of institutions for sustainable development management.
a subsidiary of Nantong Power Shell Petrochemical Co., Ltd
Chengdu Great Smart Warehousing refers to Chengdu Great Smart Warehousing Co., Ltd. is a wholly-owned subsidiary company
□ Incorporate the evaluation of sustainable development performance into management assessments.
□ Other (please specify)
Ningbo Chenling refers to Ningbo Chenling Liquid Chemical Storage Co., Ltd.
General Meeting of Shareholders refers to General Meeting of Shareholders of Guangdong Great River Smarter Logistics Co., Ltd.
Directors or Board of Directors refers to Directors or Board of Directors of Guangdong Great River Smarter Logistics Co., Ltd.
You are welcome to share your feedback through the following means:
Supervisors or Board of Supervisors refers to Supervisors or Board of Supervisors of Guangdong Great River Smarter Logistics Co., Ltd Email: grsl@grgroup.cc
The abbreviation for Health, Safety, and Environment is HSE,
Phone: 0769-88002930
HSE refers to
which stands for Health, Safety, and Environment Address: 4th Floor, Building 1, Songke Yuan, No. 4 Libin Road, Songshan Lake High-tech
Yuan, ten thousand yuan refers to Chinese Renminbi yuan, ten thousand yuan Industrial Development Zone, Dongguan City
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