Stock Abbreviation: Milkyway
Stock Code: 603713
Sustainability Report
hotline：400-151-0202
emergency rescue：021-80221985
Building F1, 158 Jinkui Road, Pudong New Area, Shanghai
service@mwcg.com Milkyway Intelligent Supply Chain Service Group Co., Ltd.
Equality and Diversity: Strengthening Rights 73
Environmental Dimension Protection
About This Report 01
Moving Forward Together: Partnering with 76
Message from the Chairman 03 Empowering by Green Development
Talent
to Co-Build a Ecological Conservation
About Milkyway 05 Barrier Safety First: Safeguarding Employee Health 84
Company Pro?le 05
Responsible Procurement: Building a Green 88
Corporate Culture 06 Climate Response: Ful?lling Low-Carbon 37
Supply Chain
Commitments
Organizational Structure Chart 07
Compliance as Foundation: Strictly Uphold- 42
ing Ecological Conservation Red Lines
Strategic Layout 09
Lean Resources Management: Promoting 45
Honors for 2025 17 Pollution Control: Safeguarding Blue Sky and 49 Governance Dimension
Clean Land
About 2025 23 Building on Compliance to Strengthen
Green Operations: Supporting Carbon 53
the Foundation for Steady Operations
Peaking and Carbon Neutrality Goals
Deepening Sustainable Develop- 25
ment Practices to Build a New
Governance Optimization: Enhancing 93
Blueprint for High-Quality Operational E?ciency
Development
Innovation Dimension Rights Protection: Safeguarding 94
Sustainable Development 25
Shareholder Interests
Stakeholder Engagement 27 Boosting Quality Through Innovation
Compliant Operations: Building a Solid 96
to Re?ne the Core of Premium Service Safety Line
Double Materiality Issue 29
Assessment
Party Building: Driving Collaborative 98
Digital Driving Force: Empowering Business 57
Development
Upgrading
Quality Services: Optimizing Customer 64
Experience
Information Security: Safeguarding Data 67
Privacy
Appendix
Feature
ESG Data and Notes
Responsibility Dimension Indicator Index Table 104
Expanding Overseas Presence to 105
Feedback Form
Build a Resilient Supply Chain Service Forging Ahead Together to Draw a
System of Chemicals and New Energy Blueprint for a Harmonious Society Disclaimer 106
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
About This Report
Overview
Milkyway Intelligent Supply Chain Service Group Co., Ltd. (hereinafter referred to as "Milkyway" or "the Com-
Data Sources and Notes
pany") has published environmental, social, and governance (ESG) reports annually from 2020 to 2023. Start-
ing in 2024, the Company began issuing sustainability reports. This report marks the second publicly released
The ?nancial data in this report is extracted from the 2025 Annual Report of Milkyway Intelligent Supply Chain Service
sustainability report. Adhering to the principles of objectivity, standardization, transparency, and comprehen-
Group Co., Ltd. Other information and data are derived from statistical summaries or public documents provided by the
siveness, this report details the company's strategies, practices, and performance in ESG areas in 2025.
Company's concerned departments. The report contains no false records, misleading statements, or material omis-
sions. Unless otherwise speci?ed, all monetary amounts in this report are denominated in renminbi (RMB).
Explanation of Terms
"Milkyway," "the Company," and "we" refer to Milkyway Intelligent Supply Chain Service Group Co., Ltd.
Reporting Scope
Reporting Period: The reporting period covers January 1, 2025, to December 31, 2025. To enhance the
comparability and completeness of this report, certain sections appropriately include retrospective data Report Access and Feedback
or forward-looking statements.
Organizational Scope: Unless otherwise speci?ed, the coverage of this report aligns with the scope This report is published in both printed and electronic formats. Readers may access and download the Chinese and
disclosed in the Company's annual report. English electronic versions of this report on Milkyway's o?cial website (www.mwclg.com), the Shanghai Stock
Publication Frequency: This sustainability report is published annually. Exchange website (www.see.com.cn), and www.cninfo.com.cn. In case of any discrepancy between the Chinese and
English versions, the Chinese version shall prevail.
Basis of Preparation
This report is prepared in accordance with the requirements of the Guidelines No. 14 of Shanghai Stock
Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial), and references rele- If you have any comments or Address: Building F1, 158 Jinkui Road, Pudong
vant documents such as the GRI Standards published by the Global Reporting Initiative (GRI) and the suggestions regarding this report, New Area, Shanghai
United Nations Sustainable Development Goals (SDGs). please contact us through the Tel / Fax: 021-80228498
following channels: Email: ir@mwclg.com
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Message from the Chairman
our carbon asset value through scienti?c carbon inventory and accounting, laying a solid foundation for achieving the emis-
sion reduction targets by 2025, 2030, and 2050. We demonstrate our commitment to "green logistics" through concrete
Dear shareholders, partners, employees, and friends from all walks of life,
actions: Photovoltaic power generation facilities have been widely installed across our warehouse bases nationwide, with
As time moves steadily forward, 2025 has come to a close. Over the past year, the global macroeconomic envi-
solar photovoltaic panels at our warehouses in Ningbo, Zhenjiang, Zhangjiagang, Shanghai Nanhui, Jiading, Jinshan, and
ronment remained complex and volatile, presenting the chemical and new energy supply chain industry with
Fengxian already connected to the grid. At the same time, we continuously enhance electri?cation in our operations, with
unprecedented opportunities and challenges. For Milkyway, 2025 was a crucial year for strengthening our foun-
fully electric forklifts now accounting for over 96.33% of our forklift ?eet.
dation and advancing high-quality development. We remain committed to our mission of "Make society safer
and supply chain more e?cient". By deeply incorporating ESG principles into every facet of our corporate strate-
gy, we strive to build resilience to navigate market cycles and drive growth through innovation, steadily advanc-
Putting people ?rst: co-creating social value.
ing toward our goal of becoming a globally leading intelligent supply chain service provider.
Safety is the lifeline of Milkyway and our solemn commitment to society. Over the past year, leveraging our self-developed ASM
hazardous material control platform, we achieved 24/7 intelligent monitoring of operational sites and conducted 142 safety
emergency drills, reinforcing our work safety management system. We recognize that talent is the most valuable asset of an
Digital intelligence: rede?ning supply chain resilience. enterprise. By continuously optimizing our talent development systems and incentive mechanisms, we not only safeguard the
rights and well-being of employees but also cultivate high-caliber professionals for the industry. Our e?orts have also earned
Over the past year, we remained focused on our core business and deepened our expertise, achieving milestone break-
widespread recognition from partners. From winning annual awards from clients like DuPont and Jiangsu Nata Opto-electronic
throughs in our global strategic initiatives. From securing the "Black Peak Project" by the Engineering Logistics Department
Material Co., Ltd. ("Jiangsu Nata Opto") to showcasing at international exhibitions such as Convention of Pharmaceutical Ingre-
and successfully escorting 25 complete sets of wind turbines to Serbia, to the smooth delivery of the ?rst newly built chemi-
dients (CPHI), these achievements testify to the deep, mutually bene?cial partnerships Milkyway has built with its partners.
cal tanker "YANZHILUN", Milkyway has established a logistics artery connecting China to the world, which also marked our
o?cial entry into a new era of ship asset industrialization. We also recognized that science and technology constitute the
Looking ahead to 2026, we stand at the starting line of a new cycle, ready to break through growth bottlenecks, fully realize the
primary productive force. In 2025, Milkyway successfully introduced AI large language model technology, optimizing the MCP
grand blueprint of the Company's "Sixth Five-Year Plan", and initiate comprehensive preparations for the "Seventh Five-Year
technical middleware and launching MCP 5.0 Plus. This achieved a breakthrough in "LX-level" automatic billing functionality,
Plan". We will continue to maintain our strategic focus, leveraging new technologies to activate existing resources while foster-
helping drive the industry into a new phase of AI adoption. By obtaining Authorized Economic Operator (AEO) Advanced Cer-
ing new ones through teamwork and investments. We remain steadfast in pursuing sustainable development, seeking commer-
ti?cation and making a controlling investment in Shanghai Tuojing Industrial Co., Ltd., we have further reinforced our com-
cial success while protecting the environment and giving back to society.
pliance foundation and broadened our service coverage, delivering more competitive end-to-end supply chain solutions for
global clients.
Our gratitude extends to every partner who walks alongside Milkyway. Let us move forward together, navigate challenges side
by side, and set sail toward a safer, more e?cient, and greener future.
Green and low-carbon: ful?lling ecological commitments.
Chen Yinhe,
As a responsible corporate citizen, we actively respond to China's carbon peaking and carbon neutrality goals and embed Chairman of Milkyway Intelligent
green development into our corporate DNA. In 2025, we o?cially launched Carbon Management System 1.0, which quanti?es Supply Chain Service Group Co., Ltd.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
About Milkyway
Company Pro?le
Milkyway Intelligent Supply Chain Service Group Co., Ltd. ("Milkyway") is a leading integrated intelligent supply chain service
provider in China. Milkyway o?ers one-stop comprehensive logistics services centered on freight forwarding, warehousing,
and transportation. Building upon these logistics services, Milkyway has expanded into product distribution and safety and
environmental protection services, gradually forming integrated trade-logistics services. The services of each business seg-
ment are closely interconnected and develop in synergy, catering to diverse needs of clients across di?erent industries,
regions, and scales through both online and o?ine channels. Milkyway went public on the Shanghai Stock Exchange in July
tise, consistently striving to provide clients with one-stop end-to-end supply chain solutions worldwide.
Meet Diverse Corporate Culture
Customer Needs
Integrated
Service
Provider of
Intelligent Full Supply
Supply Chain Chain
Solutions
Mission Vision Core Values
Make society safer Milkyway aspires to become the Customer Centric Striven
and supply chain steadfast mountain for the global Oriented Creating Value
more e?cient chemical and new energy supply Foremost
chain industry
Xinneng Technology MBO System R&D Dept
Technology & Innovation
Guangzhou Milkyway Powhee
MGL System R&D Dept
Contract Logistics
New Material Co., Ltd
Distribution
Nanjing Empire Forever Innovation Enablement Dept
Chemical Co., Ltd
MIT
MCD
Shanghai Jindelong Environmental Gover-
Trading Co., Ltd nance Dept
Jiangsu Malong Guohua
Industry & Trade Co., Ltd MKT System R&D Dept
Shanghai Shenze Chemical Integrated Trade and
Technology Co., Ltd Logistics System R&D Dept
Audit Dept
MCL APAC BU
North China Factory Warehous-
Product Logistics BD ing Safety Technology Dept
Contract Logistics
Legal and Compliance
Tanker Truck & Tank Farm BD Supervision Committee
Nomination Committee
Appraisal Committee
South China Factory Warehous-
Remuneration and
MCL
Strategy and ESG
Audit Committee
North China Distribution BU ing Safety Technology Dept
Committee
Safety
MSS
North China Transportation
Distribution BD Safety Technology Dept
South China Warehous- Group Work Safety
ing and Repackaging BU Technology Dept
Warehousing and South China Transportation
Repackaging BD Safety Technology Dept
Support
Logistics Delivery
Shareholders' Meeting
Board of Directors
MGL Overseas BU
President
HR Shared Service Center
HR & Administration
Air Freight BD
President's O?ce
Multimodal Transport BD
Assets and Consumables
MHA
South China Air Freight BU Management Dept
Organization and
Ocean Freight Import BD Personnel Dept
International Logistics
Yanji Academy
Shipping BD
Securities Dept
Engineering Logistics BD
MGL
LCL BD
Board Secretary and Audit
Board Secretary
Tank Container BD Committee
Huayun New Glory Supply Accounts Payable Settle-
Finance and Economics
Organizational Structure Chart
Chain Management Co., Ltd ment Dept
Investment Dept
North China Ocean
Freight BU Treasury Dept
South China Ocean
MFA
Freight BU Distribution Finance Dept
Milkyway Intelligent Supply Chain Service Group Co., Ltd.
Tax Control and Report-
Ocean Freight BD ing Dept
Accounts Receivable
Settlement Dept
Overseas Finance Dept
Marketing
Marketing
Marketing Dept
MKT
Pro?t Center Support Center
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Strategic Layout Railway and Cross-border Road Transport Engineering Logistics
Milkyway provides international ocean and air freight and railway import and Domestic Railway—Rail-Wa- Integrated Planning of
Core Business
Multimodal Transport Project Chartering
ter Intermodal Transport Engineering Project Logistics
export freight forwarding services for chemical hazardous materials on routes
Solution
between Chinese ports and global destinations. As a primary freight forwarder
MGL Global Interna-
with NVOCC, CASS, and FMS quali?cations, we maintain close partnerships with
tional Logistics
shipping lines, airlines, China Railway, and others to ensure stable freight rates
and shipping space availability.
Ocean Freight
Full Container Load (FCL) Container Trucking
Tank Loading and Shipping
Milkyway provides one-stop door-to-door services for
high-hazard chemicals (such as classes 2, 4, 5.2, 6.1, and 7),
Tank Container Transportation Tank Container Yard Chemical tanker
refrigerated and temperature-controlled chemicals, and gen-
eral cargo on all ship routes, covering ocean freight import/- Milkyway operates 7,000 tank contain- Milkyway operates 7 tank container cleaning Liquid bulk carrier, heavy lift
export pickup, space booking, and ?nal delivery to clients. ers and provides door-to-door trans- stations in Shanghai, Zhangjiagang, Yantai, vessel, asset, ship chandler,
portation services at home and abroad. Nanjing, Huizhou, Malaysia, and Singapore. ship management, shipping.
Less-than-Container Load (LCL)
Milkyway provides clients with one-stop services for the import and export of
chemical products and IMDG-compliant hazardous materials of classes 3, 4.1,
declaration, and space booking at the origin port, as well as the customs clear-
ance, delivery, and LCL deconsolidation at the destination port.
Customs A?airs
Air Freight
Customs Declaration Highlights
International
Milkyway provides one-stop services for spe-
cialized cargo such as hazardous materials,
lithium batteries, vehicles, refrigerated con-
tainers, and precision instruments, covering
sampling, arranging cargo transport condi-
tion identi?cation, declaration and delivery,
international
Customs A?air Consulting
air import/-
e x p o r t
transporta-
tion, and
?nal deliv-
ery to the
consignee.
Domestic Assistance with Certi?cates
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
MCL Global Contract Logistics
Milkyway o?ers nationwide road transportation and port entry/exit services for various chemicals, builds a three-tier trans-
port network capability covering intra-city distribution, intercity express, and trunk line express, and provides nationwide
services such as chemical contract logistics, reverse logistics, and small parcel express.
Application Distribution
Capabilities Channels
Contract Logistics Product Logistics Management Output Maintaining close collaboration with world-leading chem- Focusing on industries such as new energy/clean
ical giants upstream, while developing regional and prod- energy, biopharmaceuticals, chips, semiconduc-
Delivering customized solu- Compliant point-to-line opera- Eco-partner+ uct-speci?c distribution and application support capabili- tors, aerospace, daily chemicals, and consumer
tions for clients tions with multiple transporta- Comprehensive empower- ties downstream goods, and accumulating a large group of end
tion modes for client selection ment in brand, technology, Self-built solid and liquid blending workshops with clients
network, capital, manage- supporting laboratories
Trunk
ment, and business
Express Line
Products Products
Market Resource Continuous
In-factory logistics
Research Integration Optimization
Hazardous
Chemical Distribution and Supply Chain Value-Added Services
Special
Solution
Planning
Operational
Implemen-
Waste
Transporta-
Island
Routes
Factory warehouse, internal
tion
transfer, repackaging, blend-
tation
ing, loading/unloading, equip-
Chemical
Highly Toxic
Procure- Transpor-
Chemical
Substance
Transporta-
Refrigera- ment, and safety technical
Manufacturer
tion
tion
ment tation
services
Ware-
housing
Sample Repack-
Technical ing &
Manage-
Support Relabel-
ment
ing
Inventory
Manage-
ment One-stop end-to-end supply
Consoli-
dated chain solutions for various
Delivery Chemical User chemicals, covering procure-
MCD Di?erentiated Distribution ment, transportation, ware-
housing, and value-added
services
Basic Chemicals
Online Integrated
Platform Trade and
Logistics
Hydrocarbon Solvent Oxygenated Solvent Alkanol-
Inorganic Product Nitrogen-containing amine
Seamless connectivity across the chemical industry Solvent and Its Substitute Solvent
Aromatic Hydrocarbons
chain through information technology, providing Integrated warehousing and distribution, with Alkanes Alcohols Ketones
end-to-end digital innovation services including Isopara?ns Esters Alcohol
self-owned trucks, railways, tank containers, and Ethers Ethers
Inorganic Convention-
product, procurement, supply chain, and opera- tanker trucks deployed near the forward stocking Salts al Amines Yellow Phosphorus NMP
tional digitization. Acids Specialty Phosphoric Acid DMF
location. Alkalis Amine Phosphorus Trichloride DMAC
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Business Layout
Functional Chemicals
Milkyway has established seven major operational regions across the globe: Shanghai Region, Southern Region (Guangzhou,
Dongguan, Shenzhen, Huizhou, Zhanjiang, Fangchenggang, Xiamen, Fuzhou, and Quanzhou), Northern Region (Tianjin, Dalian,
and Yingkou), Shandong Region (Qingdao and Yantai), Western Region (Chengdu, Xi'an, Chongqing, and Kunming), and Yangtze
Solvent Oil Plasticizer Intermediate
Wax Eco-friendly Epoxy Resin River Region (Zhenjiang, Nanjing, Zhangjiagang, Lianyungang, Changsha, and Jingzhou) and Asia Paci?c Region. In addition, the
Epoxy Curing Agent Solvent Gasoline and
Company began expanding into international markets in 2021, establishing subsidiaries in the United States, Singapore, Hong
Phenol Diesel Detergent
Dearomatized Methylcy-
DOP
Kong, Malaysia, Vietnam, Thailand, South Korea, and other countries or regions, forming a relatively complete global network. The
Solvent Oil clohexane Fischer-Tropsch
Isopara?ns DINP Wax establishment of cluster networks and international subsidiaries enables Milkyway to better serve global clients by providing more
DOTP PE/PP Wax
Adipic Acid DOA e?cient and responsive supply chain solutions, achieving win-win development with clients and partners.
EGDA
Specialty Chemicals
Polyurethane Alcohols Ethers
Organosilicone Defoamer Crosslinking Agent
Biocide Cleaning Agent Surfactant
HDI/MDI IPA/NPA DE/BDG
TD/IPDI PG/DPG DCS/DPM
NBA/IBA PNB/DPNB
Silicone Oil DEG/TEG PM/DPM North
Silicone Rubber
DLC YIK TSN
Shandong
YNT
Germany (Frankfurt). China NKG
Serbia, Poland,Hungay. Singapore (Singapore) West
XJG SIA
Egypt and South Africa. Malaysia (Kuala Lumpur)
Vietnam (Hanoi)
Thailand (Bangkok & Laem Chabang) 上海SHA、 NGB
Myanmar (Yangon)
South
America CAN SZN
USA (Los Angeles, San Francisco
Houston、 Chicago), Mexico,
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
The Company has shifted its growth The Company has received multiple honors from gov- The Company's annual distri-
drivers from investment to innova-
tion, pioneering a range of new busi-
ernment agencies and clients.
These include being designated as the Headquarters
bution revenue exceeded
RMB1.5 billion for the ?rst
nesses, including cloud-based ware- of "Going Global" Enterprise in Pudong New Area; time. Product logistics and
The Company's MCP 5.0 system has house management services, inland ranking 2nd in annual total operating revenue among contract logistics advanced
achieved digitalization and interconnec-
tivity of all objects and processes, with
wind power, oversized project cargo
logistics, overseas delivery of energy
China's private international freight forwarding and
logistics companies; being recognized as an annual
side by side, and the diversi-
?ed business development
notable breakthroughs in budgeting, BI, storage cabinets, DG air express, supplier by renowned domestic and international model has begun to yield
Following the ?naliza- The Company has achieved remark-
tools, MiWen intelligent Q&A, intelligent military-civilian logistics, and ship- clients such as ExxonMobil, Arkema, PETRONAS, results, achieving
tion of the "Two Core able results in its ESG initiatives,
recognition, automated billing, and ping vessel asset management. DuPont, Wanhua Chemical Group Co., Ltd., and Jiang- year-on-year growth in the
Pillars and Two Defen- achieving 100% coverage of solar
intelligent vehicle dispatching. su Nata Opto. In addition, Nanjing Empire Forever number of business units
sive Lines" strategy, panels on available roofs of its owned Chemical Co., Ltd. has won Dow Chemical's Outstand- generating a revenue of over
the Company estab- properties, establishing an action ing Distributor Award for three consecutive years. RMB100 million.
lished the Milkyway plan and management system for
Intelligent Manage- electric trucks, and further increasing
ment System and sponsorship for women's golf and
developed the MCP youth fencing.
system to support the
implementation of
advanced practices.
In government a?airs, the Company
successfully delivered integrated hazard-
The Company has continued to optimize its client ous material bases in Yantai, Qingdao,
structure, achieving signi?cant progress in strate-
gic emerging industries and key regional markets.
and Fangchenggang. It completed land
registration and listing and capacity
It has successfully acquired new clients such as expansion for Chipolbrok Vessel Supply
CNOOC and Shell Petrochemicals Company Limited, BYD Auto Projects at Huizhou, Pudong Airport, and
In 2025, The
Co., Ltd., and Sungrow Power Supply Co., Ltd., expanded into Gaoxing. Financial subsidies from Shang-
Company
new businesses like Albemarle lithium ore transportation and hai and Zhangjiagang governments
obtained
Envision Energy's energy storage projects, and achieved deep helped the Company maintain a healthy
one national
market penetration in the Daya Bay region. New markets, pro?t and loss position.
invention
including Thailand, Vietnam, Houston, South Korea, and Hong
patent, one
Kong, China, are now primed for expansion.
utility model
patent, and
copyrights.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Honors for 2025
Honors and Certi?cations from Government and Public Welfare Organizations Advanced Contractor Team Award
Wanhua Chemical Yantai Production Base April 2025
(Shanghai Milkyway Chemical Storage Co., Ltd.)
Honors and Certi?cations Issuing Authority Issuance Date
Jinqiao Economic and Technological Economic and Technological Development February 2025 munications Co., Ltd.
Development Zone Zone
Lingang Special Area "Going Global" Shanghai Minhang Branch of Bank of Com-
Lingang Special Area "Going Global" Compre- Contribution (Shanghai Milkyway November 2025
Shortlisted Case (Shanghai Milkyway March 2025 munications Co., Ltd.
hensive Service Platform Chemical Logistics Co., Ltd.)
Chemical Logistics Co., Ltd.)
Headquarters of "Going Global" People's Government of Pudong New Area, 2025 Excellent Partner Award (Shanghai Intermediate BU of Zhejiang Longsheng
June 2025 January 2026
Enterprise in Pudong New Area Shanghai Milkyway Chemical Logistics Co., Ltd.) Group
Jinqiao Administration Bureau Under China
(Shanghai) Pilot Free Trade Zone Manage-
Performance Award (Shanghai Milkyway ExxonMobil (Huizhou) Chemical Co., Ltd. January 2026
ment Committee, Shanghai Jinqiao (Group)
Excellent Organization for Cultivation of Chemical Logistics Co., Ltd.)
Co., Ltd., Shanghai Jinqiao Export Processing September 2025
"Jinqiao Craftsman"
Zone Development Co., Ltd., and the Trade
Union of the Shanghai Jinqiao Economic and 2025 Excellent Supplier (Shanghai January 2026
Shenghong Holding Group Co., Ltd.
Technological Development Zone Milkyway Chemical Logistics Co., Ltd.)
CPC Dachang Town Committee, Baoshan January 2026
Dachang Town, Baoshan District, Guohua Industry & Trade Co., Ltd.) Co., Ltd.
District, People's Government of Dachang January 2026
Shanghai (Shanghai Chemical Goods
Town, Baoshan District, Shanghai
Automobile Transportation Co., Ltd.) 2025 Best Collaborative Supplier
(Shanghai Huayun New Glory Supply Canadian Solar Inc. February 2026
Chain Management Co., Ltd.)
Best Collaboration Award (Shanghai February 2026
Trina Solar Co., Ltd.
Honors and Certi?cations from Clients, Suppliers, and Media Authorities Milkyway Chemical Logistics Co., Ltd)
Honors and Certi?cations Issuing Authority Issuance Date 2025 Excellent Logistics Supplier of
PETRONAS International Lubricants (China)
the Year (Shanghai Milkyway Chemical March 2026
DuPont Valued Partnership Award Co., Ltd.
Logistics Co., Ltd)
(Shanghai Milkyway Chemical Logistics DuPont January 2025
Co., Ltd.)
Petronas Lubricants International China
(Shanghai Milkyway Chemical Logistics January 2025
Company Limited
Co., Ltd.) Industry Honors and Certi?cations
Outstanding Driving Safety Performance Honors and Certi?cations Issuing Authority Issuance Date
Award (Shanghai Milkyway Chemical ExxonMobil February 2025
Membership Certi?cate of International
Logistics Co., Ltd.) International Shipping Enterprise Association March 2025
Shipping Enterprise Association (ISEA)
Jiangsu Nata Opto-electronic Material Co.,
Milkyway Chemical Logistics Co., Ltd.) March 2025 2025 BIC Certi?cate (Shanghai Milkyway
Ltd. Bureau of International Containers (BIC) March 2025
Chemical Logistics Co., Ltd.)
(Shanghai Milkyway Chemical Logistics Zhejiang E-P IMP. & EXP. Co., Ltd. March 2025 2025 Membership of International
Co., Ltd.) Federation of Freight Forwarders International Federation of Freight Forward- March 2025
Associations (FIATA) (Shanghai Milkyway ers Associations (FIATA)
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
International Freight Forwarders China International Freight Forwarders Associa- System Certi?cation (GB/T 45001-2020/ISO
March 2025
Association (Shanghai Milkyway tion 45001:2018)
Chemical Logistics Co., Ltd.)
Shanghai Milkyway Chemical Storage
Environmental Management System Certi?ca- Valid
Sample Organization by Oversized Cargo China Association of Water and Electric Power Co., Ltd.
March 2025 tion (GB/T 24001-2016/ISO 14001:2015)
Logistics Index Materials Circulation
China Association of Water and Electric Power tion (Hazardous Chemicals)
Enterprise's Oversized Cargo Logistics March 2025
Materials Circulation
Data Statistics
Quality Management System Certi?cation (GB/T
(Shanghai Milkyway Chemical Logistics WCA Dangerous Goods June 2025
Co., Ltd.)
Occupational Health and Safety Management
No. 2 in Total Operating Revenue Among System Certi?cation (GB/T 45001-2020/ISO
China's Private International Freight China International Freight Forwarders Associa- 45001:2018)
September 2025
Forwarding and Logistics Companies in tion
Shanghai Milkyway Chemical Logistics
Co., Ltd.
tion (GB/T 24001-2016/ISO 14001:2015)
No. 9 in Total Operating Revenue Among
China International Freight Forwarders Associa-
China's International Freight Forwarding September 2025
tion Grade II Work Safety Standardization (Road
and Logistics Companies in 2024
Transport of Dangerous Goods)
AAAA Logistics Enterprise (Sichuan
China Federation of Logistics & Purchasing Grade II Work Safety Standardization (Motor
Milkyway Xiongfeng Supply Chain September 2025
Management Co., Ltd.) Vehicle Maintenance)
Shanghai's "Emerging Global Pioneer" Shanghai Headquarters Enterprise Development
December 2025 Quality Management System Certi?cation (GB/T
High-Quality Headquarters Enterprise Promotion Association
Excellent Global Expansion Case Award Cailian Press December 2025
Occupational Health and Safety Management
December 2025
Organization in Shanghai Customs Shanghai Chemical Automobile 45001:2018)
District Valid
Transport Co., Ltd.
China International Freight Forwarders Associa- tion (GB/T 24001-2016/ISO 14001:2015)
(Shanghai Milkyway Chemical Logistics December 2025
tion
Co., Ltd.)
Grade II Work Safety Standardization (Road
Transport of Dangerous Goods)
Quality Management System Certi?cation (GB/T
Certi?cation of Quali?cations Shanghai Zhenyi Enterprise Develop-
Valid
ment Co., Ltd.
Legal Entity Certi?cate Type Certi?cate Status Grade III Enterprise for Work Safety Standardiza-
tion (Hazardous Chemicals)
AEO Certi?ed Enterprise Certi?cate
Milkyway Intelligent Supply Chain
Valid Quality Management System Certi?cation (GB/T
Service Group Co., Ltd.
D-U-N-S Registered Certi?cate 19001-2016/ISO 9001:2015)
Nanjing Milkyway Chemical Supply Chain
Valid
Service Co., Ltd. Occupational Health and Safety Management
Shanghai Milkyway Chemical Storage Quality Management System Certi?cation (GB/T System Certi?cation (GB/T 45001-2020/ISO
Valid
Co., Ltd. 19001-2016/ISO 9001:2015) 45001:2018)
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Nanjing Milkyway Chemical Supply Chain Environmental Management System Certi?ca- Zhangjiagang Free Trade Zone Bus Grade II Enterprise for Work Safety Standardiza-
Valid Valid
Service Co., Ltd. tion (GB/T 24001-2016/ISO 14001:2015) Logistics Co., Ltd. tion (Chemical Industry)
Quality Management System Certi?cation (GB/T Grade III Enterprise for Work Safety Standardiza-
Tiankom Dongxu Logistics Co., Ltd. Valid
Occupational Health and Safety Management
System Certi?cation (GB/T 45001-2020/ISO
Zhenjiang Baohua Logistics Co., Ltd. Valid Valid
Ltd. 19001-2016/ISO 9001:2015)
Environmental Management System Certi?ca-
tion (GB/T 24001-2016/ISO 14001:2015)
Shanghai Lingxing Hazardous Chemical Quality Management System Certi?cation (GB/T
Grade I Work Safety Standardization (Road Valid
Logistics Co., Ltd. 19001-2016/ISO 9001:2015)
Transport of Dangerous Goods)
Shanghai Milkyway ISO Tank Service Co., Grade III Enterprise for Work Safety Standardiza-
Quality Management System Certi?cation (GB/T Valid
Ltd. tion (Commerce & Trade)
Occupational Health and Safety Management
Huizhou Milkyway Transportation Co.,
System Certi?cation (GB/T 45001-2020/ISO Valid Hunan Xianglong Warehousing & Grade III Enterprise for Work Safety Standardiza-
Ltd. Valid
Environmental Management System Certi?ca-
tion (GB/T 24001-2016/ISO 14001:2015)
Quality Management System Certi?cation (ISO
Quality Management System Certi?cation (GB/T Occupational Health and Safety Management
MILKYWAY INTERNATIONAL CHEMICAL 45001:2018)
Occupational Health and Safety Management Valid
STORAGE PTE. LTD.
Sichuan Milkyway Xiongfeng Supply
System Certi?cation (GB/T 45001-2020/ISO Valid Environmental Management System Certi?ca-
Chain Management Co., Ltd.
Grade III Work Safety Standardization (Road Occupational Health and Safety Management
Transport of Dangerous Goods) System Certi?cation (ISO 45001 & SS 651)
Qingdao Milkyway Chemical Storage and Grade III Work Safety Standardization (Road Quality Management System Certi?cation (GB/T
Valid
Transportation Co., Ltd. Transport of Dangerous Goods) 19001-2016/ISO 9001:2015)
Occupational Health and Safety Management
Guangzhou Milkyway Powhee New
System Certi?cation (GB/T 45001-2020/ISO Valid
Quality Management System Certi?cation (GB/T Material Co., Ltd.
Zhangjiagang Free Trade Zone Bus
Valid
Logistics Co., Ltd. Environmental Management System Certi?ca-
Environmental Management System Certi?ca-
tion (GB/T 24001-2016/ISO 14001:2015)
tion (GB/T 24001-2016/ISO 14001:2015)
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
About 2025
Corporate Number of sharehold-
ers' meetings held
Number of board
meetings held
Investor open exchange
meeting
Governance ( Time ) ( Time ) ( Time )
Performance
Economic Operating revenue Net pro?t attributable
to shareholders of the
Basic earnings per share Investor interactions
through e-interactive
Investor inquiry
response rate
Legal and risk preven-
tion training
Performance
( RMB100 million ) ( Yuan/share )
parent company platform
(%) ( Time )
( RMB100 million ) ( Time )
Total assets Total tax contributions Percentage of Percentage of suppliers
employees signing signing the Integrity
( RMB100 million ) ( RMB100 million )
Integrity Commitment Partnership Agreement
(%) (%)
Environmen- Environmental Total GHG emissions Photovoltaic power Social Per- Total employees Percentage of female Labor contract signing
formance
protection investment generation employees rate
tal Perfor-
( Ton ) ( Person )
( RMB 10K ) ( Ton of standard coal (%) (%)
mance
equivalent )
2025
GHG emission reduction Total water consumption Total gasoline consumption Social insurance Total employee training Average training hours Total investment in
( Ton of CO2 equivalent ) ( Ton ) ( Ton of standard coal
coverage rate hours per employee per year work safety
equivalent ) (%) ( Hour ) ( Hours/person ) ( RMB 10K )
Total diesel consumption Purchased electricity Purchased heat Safety emergency drill Safety education and Participants in safety Total safety education
( Ton of standard coal ( Ton of standard coal ( Ton of standard coal training education and training and training hours
( Time )
equivalent ) equivalent ) equivalent ) ( Session ) ( Person-time ) ( Hour )
Proportion of fully Safety education Safety risk Employee health Total R&D invest- R&D team
electric forklifts and training prevention training check coverage rate ment
( Person )
(%) coverage rate coverage rate
(%) ( RMB 10K )
(%) (%)
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Deepening Sustainable Development
Practices to Build a New Blueprint for
High-Quality Development SDGs Sustainable Development Goal Detail Corporate Initiative
Continuously optimize talent recruitment and retention
Promote sustained, inclusive, and
systems, reduce labor intensity through digital and intel-
Sustainable Development
sustainable economic growth, full
ligent transformation; establish a comprehensive remu-
and productive employment, and
neration management system and create clear, trans-
decent work for all
parent career development pathways
Milkyway elevates sustainable development management to a strategic priority and actively implements the new develop-
ment philosophy of innovation, coordination, greenness, openness, and shared growth. By continuously optimizing the sus-
Build resilient infrastructure,
tainable development governance framework and strengthening the risk control system, Milkyway steadily enhances sus- Establish an R&D innovation system, encourage R&D
promote inclusive and sustainable
tainable development management e?ectiveness, striving to achieve sustainable and mutually bene?cial development with innovation activities, and strengthen intellectual proper-
industrialization, and foster innova-
the environment and society. ty protection
tion
Sustainable Development Vision and Goals
SDGs Sustainable Development Goal Detail Corporate Initiative Reduce inequality within and
Advocate for an equal and diverse workplace environ-
ment, ensuring employees enjoy equal treatment in
Uphold safe and compliant operations by implementing among countries
recruitment, compensation, training, and promotion
occupational disease prevention measures, conducting
Ensure healthy lives and promote
safety education and training, and providing employee
well-being for all at all ages
health check-ups to safeguard health and safety of
employees
Fully safeguard rights and interests of clients; emphasize
Ensure sustainable consumption
resource conservation and strengthen waste recycling
and production patterns
Ensure inclusive and equitable Strengthen faculty development by building training and reuse
quality education and promote platforms and providing employees with diverse training
lifelong learning opportunities for and development opportunities to continuously
all enhance their professional skills and competencies Actively support the carbon peaking and carbon neutral-
ity goals by promoting energy conservation and emis-
Take urgent action to combat
Eliminate gender discrimination in the workplace by sion reduction, advocating green o?ce practices, and
climate change and its impacts
establishing fair remuneration practices, safeguarding encouraging the use of clean energy and development of
Achieve gender equality and green logistics
the legitimate rights and interests of female employees,
empower all women and girls
and fostering a harmonious and inclusive workplace
environment
Promote peaceful and inclusive
societies for sustainable develop- Standardize corporate governance by improving risk
ment, provide access to justice for control and internal control systems, upholding integrity
Clean, accessible water for all is an Promote green o?ce practices, conserve water resourc-
all, and build e?ective, account- in business operations and anti-corruption, and enhanc-
essential part of the world we want es, and actively carry out wastewater treatment, thereby
able, and inclusive institutions at all ing investor relations management
to live in enhancing employees' environmental awareness
levels
Strengthen the means of imple- Build an accountable supply chain by implementing
Ensure access to a?ordable,
Adopt new energy vehicles and advance rooftop photo- mentation and revitalize the Global strict supplier admission, audit, evaluation, and exit
reliable, sustainable, and modern
voltaic power generation projects Partnership for Sustainable Devel- mechanisms to promote collaborative development
energy for all
opment with partners
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Sustainable Development Governance
The Company focuses on institutional development by formulating and implementing the Sustainable Development
Management Policy. It has established a top-down, cross-functional ESG working mechanism to enhance organiza-
tional e?ectiveness and fully integrated ESG considerations into corporate decision-making and all business opera-
tions, enhancing both strategic planning and e?ective implementation.
Stakeholder Expectation and Demand Communication and Response
Enhancing Governance Structure Optimizing Governance Framework and
Internal Management Systems
Information Disclosure
Establishing Smooth Investor Relations
Improving Corporate Competi- Communication Channels
tiveness
Shareholders Sustainable Development
Mergers & Acquisitions and Integration
The Company has also built a tiered and collaborative ESG governance framework. This clari?es the core responsi-
and Investors Continuously Improving ESG Management
bilities of each governing body and ensures the orderly advancement of sustainable development initiatives. Reasonable Dividend Distribution
Formulating Reasonable Dividend Policies
Operating in Compliance with Party Building as the Guide
Laws and Regulations
Serves as the highest accountabili- Compliance with Laws and Regulations
Safe Operations
ty and decision-making body for Upholding Integrity in Business Practices
Leading Industry Development
ESG management, responsible for Government and Ensuring Safe and Environmentally
Assists the Board of Directors in Board of determining the Company's ESG Industry Organi- Friendly Operations
Directors zations Actively Participating in Industry Policy
comprehensively guiding and over- management framework and Formulation
seeing ESG management; reviews, strategies, and ensuring the estab- Upholding Integrity in Business Enhancing Regional Distribution and
evaluates, and supervises major lishment of an appropriate and Operations Service Capabilities
ESG matters (including goal plan- e?ective ESG risk management Providing Safe, Innovative, and Sustained Investment in R&D Innovation
High-Quality Products and
and internal monitoring system Services Upgrading and Launching One-Stop
ning, policy formulation, execution Strategy and Service Platform
Premium and Convenient Services
management, risk assessment, per- ESG Committee Improving After-Sales Complaint
formance evaluation, and informa- Serves as the executive body for Clients Collaboration and Exchange Management
tion disclosure); reviews the Com- Expanding Service Scope Customer Satisfaction Survey and
ESG initiatives, and coordinates, Feedback
pany's annual ESG report; handles executes, and advances relevant Extending Environmental Protection
other matters as authorized by the Business
initiatives under the supervision
Board of Directors and guidance of the Strategy and Honoring Contractual Commitments Strict Adherence to Tendering Procedure
ESG Working
ESG Committee, progressively Fair and Transparent Procurement Re?ning Procurement Policies
Group
promoting sustainable develop- Suppliers Experience Sharing Building a Sustainable Supply Chain
ment governance Safeguarding Employees' Compliance with Applicable Laws and
Legitimate Rights and Interests Regulations
Ensuring Occupational Health and Occupational Health Checkup
Due Diligence: The Company conducts regular reviews of the progress of sustainable development management prac- Safety
Occupational Health and Safety Education
tices at all levels through document reviews, department interviews and other methods. This enables the Company to Professional Skill Development
Providing Training and Development
assess the materiality of various sustainable development topics, as well as their associated risks and opportunities, Employees Comprehensive Remuneration and Opportunities
Promotion System
providing a basis for setting priorities for future sustainable development management. Employee Satisfaction Survey
Diverse Employee Activities
Organizing Recreational Activities
Community Engagement Supporting Sports Initiatives
Stakeholder Engagement Maintaining Ecological Safety
Supporting Carbon Peaking and
Promoting Environmental Protection
Concepts
Carbon Neutrality Goals Energy Conservation and Emission
Reduction
The Company has established a regular, multi-channel communication mechanism to systematically collect and analyze
Communities Ensuring Safe Disposal of Hazardous
feedback and suggestions from investors, clients, communities, and other stakeholders. Based on these insights, it imple- Waste
ments targeted measures, continuously optimizes ESG governance, and fosters collaboration with all sectors of society to Safeguarding Ecological Safety of Land
Resources
achieve a shared vision of mutual success.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Double Ma- Milkyway continuously improves its double materiality analysis mechanism for
sustainability issues. Following the pathway that comprises background
teriality research, issue identi?cation, assessment and determination of materiality,
High
Issue Assess-
and issue report development, the Company carries out double materiality
assessment, prioritization, and screening based on two key dimensions—?nan- Waste Disposal Anti-Commercial Resource Management
Bribery and
ment
cial materiality and impact materiality. During the reporting period, the Com- Protecting Anti-Corruption Pollutant Emissions
pany determined its material issues based on the previous year's material Employees'
Legitimate Rights Compliance and Climate Change Response
issues and the latest assessments of relevant and potentially signi?cant areas. and Interests Risk Management
Occupational Health and Safety
Employee Training Anti-Unfair
and Development Competition Product and Service Safety & Quality
Step 1 Background Research R&D and Innovation Stakeholder Data Security and Privacy Protection
Engagement
Give full consideration to the Company's activities and business relationships. Standardized
Corporate Accountable
Comprehensively research domestic and international ESG policies and stan- Governance Supply Chain
Impact Materiality
dards, ESG ratings, and industry peer practices. Management
Shareholders'
Identify stakeholder categories and establish and maintain communication Equity Protection ESG Governance
channels with them.
Equal Treatment of SMEs Environmental Compliance Manage-
ment
Step 2 Issue Identi?cation Technology Ethics
Building upon the previous year's ESG issue identi?cation result, and consider- Ecosystem and Biodiversity Conserva-
ing relevant national policies, ESG standards and guidelines, the Company's tion
business characteristics, and the benchmarking analysis result against industry
Social Contribution
peers, the Company consolidated and re?ned the phrasing of certain issues,
Rural Revitalization
and ultimately identi?ed 25 material issues.
Due Diligence
Step 3 Assessment and Determination
of Materiality
Impact Materiality: Impact materiality is primarily assessed from the perspec-
tive of internal and external stakeholders. Through expert consultations, stake-
Relatively High Financial Materiality High
holder surveys, internal discussions, and other methods, the Company assess- Note: The Company currently does not address the topics of "Technology Ethics," "Rural Revitalization," and "Social Contributions."
es issues from dimensions such as scale of impact, scope, likelihood, and Accordingly, this report does not include disclosures related to these topics.
remediability, and evaluates the potential impact of relevant issues, resulting
in the impact materiality analysis result.
Financial Materiality: Through questionnaire surveys, internal discussions,
and other methods, the Company holistically assesses the degree of impact
and likelihood of risks and opportunities posed by issues on the Company's
business model, operations, development strategy, and ?nancial status, result-
ing in the ?nancial materiality analysis result.
Step 4 Issue Report Development
Disclose the analysis process, methodology, and results of materiality assess- 05
ment, and provide targeted responses in the ESG report.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Expanding Overseas Presence to Strategy Implementation: Key Initiatives and Practical
Outcomes in Overseas Expansion
Build a Resilient Supply Chain Service
Feature
System of Chemicals and New Energy Enhancing the Global Service Network to Improve
Cross-Border Logistics Ful?llment Capabilities
Globalization is one of the core strategies for Milkyway to achieve high-quality development. Building on its
By acquiring shares in Tianjin Wuze Logistics Co., Ltd. and strengthening domestic
core chemical and new energy supply chain business and global win-win, Milkyway continues to deepen its
and international wind power engineering logistics services, expanding chemical
overseas market expansion, expand its global service network, and strengthen cross-border resource inte-
shipping services and other collaborations, Milkyway integrated key global port
gration. It also integrates sustainability concepts into the entire overseas expansion process to build a safe,
resources and enhanced its ocean freight operations and space booking platform.
e?cient, and resilient global chemical and new energy supply chain service system. This supports the In the ?rst half of 2025, it ranked 71st among Shanghai Port's U.S. route freight
collaborative development of the global chemical industry and showcases the international competitive- forwarders, climbing over 100 spots since 2023, while continuing to improve the
ness of Chinese logistics enterprises. e?ciency of its cross-border logistics network.
Strategic Anchoring: Core Orientation and Strategic
Milkyway Ranked 71st Among Shanghai Port's U.S. Route Freight Forwarders in the First Half of 2025
Planning for Global Expansion
Deepening Presence in Core Overseas Markets
and Expanding International Partnerships
Building on its domestic industrial foundation, Focusing on key regional markets, Milkyway deepened market penetration through participation in international exhibitions and
Milkyway radiates to its core global markets, Completion and Operational high-level negotiations, consistently elevating its global in?uence.
Launch of Milkyway's Integrated
forming a globalization pattern that consolidates Base in Shandong Region
the Asia-Paci?c region while expanding into In the European market, Milkyway made consecutive
Eastern Europe, the Middle East, the United appearances at the Transport Logistic Munich in Ger-
States, and beyond. It focuses on high-end sec- many and the Chemspec Europe in Cologne, showcas-
tors such as specialty chemicals, biopharmaceu- ing its integrated service capabilities in the chemical
ticals, new energy, and semiconductors while and new energy sectors. It successfully completed the
Milkyway Completed the Maritime Milkyway Appeared in the
optimizing its domestic hub network. By estab- maritime export project of Europe's largest sodi- Export Project of Europe's Largest Transport Logistic Munich and
Sodium-Ion Energy Storage Cabinet Chemspec Europe
lishing end-to-end channels connecting domes- um-ion energy storage cabinet, demonstrating its
strength in international logistics services for
tic bases, international ports, and overseas mar-
large-scale energy storage equipment.
kets and relying on heavy asset investments in
Singapore, Malaysia, Vietnam, Myanmar, Thai-
land, Milkyway provides solid support for over- In the South American market, Milkyway appeared at the Intermodal South Ameri-
seas operations, achieving e?cient, bidirectional ca in S?o Paulo, Brazil, and established partnerships with local supply chain service
collaboration between domestic and interna- providers, further expanding its presence in the Latin American market.
tional supply chains.
Milkyway Appeared in the Intermodal South America in S?o Paulo, Brazil
In the Central Asian market, Milkyway hosted a visit by the former Prime Minister of
Kyrgyzstan. Both parties reached cooperation consensus on supporting logistics for
China-Kyrgyzstan Railway and new energy cold chain transportation, promoting
further development of trade along the Belt and Road.
The Former Prime Minister of Kyrgyzstan Visited Milkyway and Engaged in Logistics Cooperation Exchange
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Focusing on High-End Niche Sectors to Build Di?erentiated Milkyway became a core strategic supplier for the SABIC Fujian Petrochemical
Cross-Border Service Capabilities
Complex Project, playing a key role in building the global integrated warehous-
ing and distribution network.
Feature
Leveraging its industry expertise, Milkyway focuses on high-end segments like biopharmaceuticals, semiconduc- Milkyway Signed the Memorandum of Strategic Supplier Cooperation with SABIC Fujian
Petrochemical Complex Project
tors, and new energy to deliver customized cross-border supply chain solutions.
In biopharmaceuticals, Milkyway consistently participated in CPHI Through innovative LCL services featuring "multi-location consolidation and global
China, showcasing cross-border logistics for pharmaceutical raw delivery" and the 4PL supply chain management model, Milkyway optimized
materials, GMP-compliant warehousing, and the MCP intelligent resource allocation e?ciency and achieved global supply chain collaboration.
supply chain system. It provides one-stop support for China's Milkyway Hosted a Live Streaming Event on LCL Services Themed "Multi-Location Consolidation
and Global Delivery"
pharmaceutical exports, covering "last-mile" logistics needs.
Milkyway Appeared at the 23rd CPHI China
Strengthening Compliance Management to
Align with Global Regulatory Requirements
In the semiconductor sector, Milkyway made appearances at Upholding compliant operations as its core principle, Milkyway has obtained AEO
SEMICON China and the WESEMIBAY Semiconductor Ecosystem Advanced Certi?cation, strictly followed the laws and regulations applicable to
Expo 2025, o?ering customized solutions for import/export chemical logistics and cross-border trade across di?erent countries and regions, and
compliance and warehousing management of materials like incorporated compliance requirements into overseas operations. From import/ex-
photoresists and electronic special gases. It also hosted dedi- port customs declaration to hazardous material transportation and warehousing
cated live streaming sessions to interpret industry pain points. management, it established an end-to-end compliance control system to ensure Milkyway Secured
AEO Advanced
lawful, compliant, and risk-manageable cross-border operations. Certi?cation
Milkyway Appeared at the SEMICON China and Engagement in the
Semiconductor Chemical Supply Chain Exchange Event
Strategic Value: Synergistic E?ects and Future Prospects
In the new energy sector, Milkyway successfully completed the of Global Expansion
delivery of Japan's ?rst energy storage cabinet over 40 tons,
shipped by a container vessel, without dismantling battery
clusters. It also undertook complete wind turbine transporta-
Milkyway's global expansion not only elevates its service capabilities to an inter-
tion and Xinjiang's oversized equipment cross-border trans-
national level but also promotes e?cient collaboration across the global chemical
portation project, contributing to the global energy transition.
industry chain. By optimizing cross-border supply chain channels and improving
logistics e?ciency, Milkyway provided reliable and consistent services to key
Milkyway Completed Segment C Delivery of Japan's First Energy Storage Cabinet Over
Ltd., and Jiangsu Nata Opto, and received multiple partnership awards, achieving
mutual bene?ts for the enterprise, clients, and the industrial chain. It also contrib-
utes to the international expansion of China's high-end manufacturing sector by
Integrating Global Industrial Resources to Empower o?ering supply chain solutions for exports in industries like biopharmaceuticals
and semiconductors, empowering industrial upgrading.
Supply Chain Collaboration and Upgrading
Milkyway Received the 2024 DuPont Valued
Partnership Award
Milkyway consolidated high-quality global resources through investments, mergers and acquisitions, and strate- In the future, Milkyway will continue to advance its globalization strategy, further
optimize its global network, deepen penetration in core markets such as Europe,
gic partnerships to enhance its core service capabilities.
South America, and Central Asia, and develop more overseas logistics hubs. It will
persistently strengthen its core capabilities, including shipping, cross-border
It made a controlling investment in Shanghai Tuojing Industrial Co., warehousing and distribution, and customized solutions, while driving deeper
Ltd. and integrated its international chemical client resources and integration of digital and intelligent technologies with overseas operations.
professional service teams, enhancing its one-stop supply chain Guided by the principles of sustainable development, Milkyway remains commit-
service capabilities in the specialty engineering plastics sector. ted to upholding compliance baselines, enhancing risk control, ful?lling social
responsibilities, and building an increasingly resilient, e?cient, and sustainable
Milkyway Received the 2024 Best Logistics
Milkyway Completed the Controlling Investment in Shanghai Tuojing
global chemical and new energy supply chain service system to support the green, Award from Jiangsu Nata Opto
Industrial Co., Ltd. compliant, and high-quality development of the global chemical industry.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Environmental Dimension
Empowering Green Development to Co-Build an
Ecological Conservation Barrier
Milkyway steadfastly implements the green development concept,
actively responds to China's carbon peaking and carbon neutrality goals,
and incorporates climate change response into its top-level strategic
design. By establishing a full-chain carbon management system and
deepening the application of clean energy and circular economy practic-
es, the Company comprehensively promotes low-carbon transition
across logistics scenarios. Upholding compliance as a core principle,
Milkyway strictly observes ecological conservation red lines, optimizes
resource utilization through lean management, and strengthens pollu-
tion prevention and control with technological means. It is dedicated to
building a resilient and green ecological security barrier, achieving har-
monious coexistence between corporate operations and the natural
environment.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Climate Response: Ful?lling Low-Carbon Commitments Strategy
To comprehensively identify the potential impacts of climate change on the Company's production operations, strategic develop-
ment, and ?nancial status, while accurately uncovering development opportunities under the low-carbon transition, the Company
Milkyway has always regarded addressing the climate crisis as a core part of ful?lling social responsibility and a strategic
conducted systematic review and in-depth analysis of climate-related factors based on industry characteristics, business layout,
opportunity for achieving high-quality development. Deeply aligned with the China's carbon peaking and carbon neutrality
and climate trends.
goals and the UN Sustainable Development Agenda, the Company takes green and low-carbon development as its underlying
principle, coordinates industrial upgrading and ecological protection, and continuously advances energy conservation, emis-
The table below outlines potential challenges posed by climate change across two dimensions: physical risks and transition risks;
sion reduction and climate actions across the entire value chain. With concrete e?orts, it contributes to global ecological gov-
it also presents opportunities in areas such as the use of renewable energy and circular economy development, clari?es the rele-
ernance and the sustainable transformation of the industry.
vant business sectors and preliminary response directions for each impact and opportunity, incorporating risk mitigation plans
into decision-making agendas. For each identi?ed climate-related risk and opportunity, we de?ne the reasonably expected time
Governance horizon of signi?cant impact, categorized as short-term (0-1 year), medium-term (1-5 years), and long-term (over 5 years).
As a pioneer in climate action and green development, the Company actively responds to China's goal of achieving carbon
Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response
peak by 2030 and carbon neutrality by 2060. It has formulated a Climate Policy, integrating climate change mitigation mea- tunity Type Description Occurrence1 of Impact2 Financial Impact Measures
sures throughout the entire lifecycle of material procurement, project construction, and business operations. The Company Climate change may lead to more 1. Develop emergency response
proactively explores the economic opportunities and challenges posed by climate change, adapting to and mitigating its frequent extreme weather events plans and measures
Physical risks
such as low temperatures, heavy 2. Conduct regular emergency
impact on business operations while enhancing climate resilience. rain, ?oods, and typhoons, poten- Cost drills
Acute risks Medium Short term
tially damaging the Company's increase 3. Implement reinforcement,
infrastructure, including buildings, protection, and other safeguard-
The Company has established a robust climate governance framework, featuring a three-tier system with the Board of Direc- equipment, and transportation ing measures for critical equip-
tors as the decision-making core, the Strategy and ESG Committee as the specialized supervisory body, and the ESG Task systems. ment and structures
Force as the implementation entity. The Board of Directors, as the supreme decision-making body, oversees climate-related Global warming leads to rising sea Cost
levels, triggering natural disasters increase
strategic planning and incorporates climate risks and opportunities into ESG management. The Strategy and ESG Commit- Medium 1. Participate in climate change
Chronic risks such as extreme heat and Low
to long and response actions and protect the
tee, directly led by the Board, is speci?cally tasked with supervising and managing climate-related impacts, risks, and oppor- droughts, which may impact the
revenue ecological environment
Company's production and opera- term
tunities. The ESG Task Force coordinates cross-departmental e?orts to advance climate initiatives as the executive body. tions decline
With the implementation of the
reduction plans into the Annual
Milkyway Climate Governance Structure and Responsibilities "carbon peaking and carbon
Safety Supervision Plan to actively
neutrality" initiative and the intro-
Cost build a green circular economy.
Policy risks duction of energy-saving and emis- High Short term
Determine the Company's climate change-related management framework and strat- sion-reduction policies, the Com- increase
egies consumption-reduction initiatives,
pany may face increased expenses
promote the use of new energy
Ensure the establishment of appropriate and e?ective climate change-related risk on environmental protection and
vehicles, and support rooftop
Board of management and internal control systems energy conservation.
photovoltaic construction.
Decision-mak- Directors Review key outcomes of climate change-related discussions and monitor progress
ing Level toward climate response goals Most of the Company's operation-
Transition risks
al vehicles are fuel-powered. With-
Review and approve the Company's climate-related reports out systems or new technologies 1. Increase the utilization rate of
to replace traditional fuels, the Short, green and clean energy equip-
Company may be a?ected by ment, promoting the share of
Technologi- High medium, Cost
Determine climate change goals, policies, and implementation pathways rising fossil fuel prices and regula- renewable energy consumption
cal risks and long increase
Strategy Con?rm assessed and identi?ed climate change-related risks and opportunities
tory requirements. However, as
term
the Company adopts new energy bon technology R&D to improve
and ESG
Establish climate change-related management systems and work?ows equipment and invests in low-car- R&D e?ciency
Management Commit- bon technology R&D, operational
tee Determine climate change action plans and evaluates completion status
level costs will increase accordingly.
Manage other climate change-related matters
gent operational systems to
Assess and identify climate change-related risks and opportunities An increasing number of clients
enhance operational quality and
Short, e?ciency while reducing energy
Evaluate gaps between the Company's climate change initiatives and exchange stan- are demanding environmentally
Market risk Medium medium, Revenue consumption
dard requirements/industry best practices, then develop and implement improve- friendly logistics solutions. Failure
ESG Task ment plans to transition toward sustainability
and long- decline 2. Maintain timely communication
Executive Force may result in customer attrition. term and understanding of client needs
Implement annual work plans in alignment with climate change goals 3. Strengthen promotion of green
level transformation in products and
Execute resolutions of the ESG Committee and other assigned tasks services
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Risk/Oppor-
tunity Type
Risk/Opportunity
Description
Likelihood of
Occurrence1
Time Horizon
of Impact2
Expected
Financial Impact
Response
Measures
Oversight Mechanisms and Processes
Reducing carbon emissions in
transportation is a key market Cost 1. Develop carbon reduction
focus. The Company actively Short, measures for road trans- The Company regularly conducts climate change-related opportunity and risk analyses, integrating climate change risks into its
redution,
Use new adopts new energy solutions, High medium, port/warehousing/waterway
revenue risk management system and business operation management processes to mitigate the impacts of climate change.
Opportunity
energy which not only enhances its and long transportation
brand image but also helps to increase 2. Continuously improve the
term
explore new business areas green energy substitution rate
and increases market share.
Risk identi?cation Risk assessment Risk response
Guided by national circular of waste mineral oil and packag- Based on industry developments, Based on risk identi?cation, the Based on risk assessment outcomes,
economy policies, the Compa- Short, ing drums
Develop
ny can reduce operational High medium, Cost 2. Incorporate climate change policy changes, and regulatory Company evaluates the likelihood, mitigation measures are implement-
circular
costs by enhancing the and long reduction considerations into procurement
economy requirements, the Company periodi- impact duration, and potential ed to prevent or minimize climate
recyclability and renewability term processes, utilizing low-carbon or
of waste zero-carbon products and mate- cally updates climate risk analysis major ?nancial implications of change-induced damages while cap-
rials with energy e?ciency
scenarios and conducts research to climate change risks and opportuni- italizing on potential opportunities
e?ectively identify risks and oppor- ties
situations, policy implementation progress, and expert forecasts. Likelihood of occurrence ranges from "low" to "high". tunities related to climate change
the time horizon into short-term (0-1 year), medium-term (1-5 years), and long-term (over 5 years).
Metrics & Targets
Impact, Risk, and Opportunity Management
The Company fully aligns with China's "carbon peaking and carbon neutrality goals" strategy, formulates and implements Sustain-
The Company has established a climate change risk matrix to identify types of risks and opportunities, focusing on the climate
able Development Policy. This policy establishes quantitative GHG emission reduction targets and creates a routine progress anal-
impact across the entire product lifecycle. By examining upstream and downstream business processes, we identify climate
ysis and review mechanism, ensuring that emission reduction e?orts are measurable, traceable, and sustainable. Clear long-term
change risk factors in the Company's production and operational work?ows, forming a comprehensive assessment framework to
emission reduction pathways have been set: achieving carbon peak by 2030 and carbon neutrality by 2050.
proactively enhance climate resilience.
The Company integrates climate change risks into its risk management system. Aligning with industry characteristics, business
layout, and climate trends, we have developed the Carbon Disclosure Survey Standard to actively identify carbon emission sourc- Target Name Unit 2025Target 2030Target 2050Target
es. Based on the ?ndings, a series of targeted measures are developed to e?ectively address carbon emission-related risks.
Scope 1 GHG emission reduc-
tion rate % 12 40 60
Scope 2 GHG emission reduc-
% 10 20 45
tion rate
Scope 1 and Scope 2 net GHG
% ? ? 0
emissions
In operational management, the Company consistently integrates energy conservation and emission reduction into full-process
control, covering major emission sources such as combustion, processing, purchased electricity, heating, and steam, systematical-
ly advancing GHG reduction. The control scope covers six types of GHGs: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O),
hydro?uorocarbons (HFCs), per?uorocarbons (PFCs), and sulfur hexa?uoride (SF6). Through practical actions, the Company con-
tinuously reduces carbon emission intensity across the entire process, promoting the coordinated progress of the green and
low-carbon transition and high-quality corporate development.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Carbon Emission Management Compliance as Foundation: Strictly Upholding Ecological
Conservation Red Lines
The Company actively establishes a full-process carbon emission management system. Through a four-phase methodology, it
clari?es its carbon value, comprehensively inventories direct and indirect CO2 emissions generated during production and opera-
tions, accurately monitors carbon emission status, and scienti?cally formulates carbon reduction targets and implementation Milkyway consistently upholds compliant operations and green development, treating environmental protection as the bottom
pathways based on this, providing a solid foundation for carbon reduction plans. line and lifeline of corporate growth. We strictly comply with national and local ecological and environmental laws and regula-
tions, continuously improve our environmental management system, strengthen full-process environmental risk prevention and
Meanwhile, the Company launched Carbon Management System 1.0, enabling automated data capture, carbon emission calcula- control, and safeguard ecological security through high-standard environmental governance, achieving harmonious progress
tion, intelligent analysis, and AI-powered carbon reduction recommendations during business operations. This supports the scien- between corporate development and environmental protection.
ti?c and rational implementation of carbon reduction measures, helping to foster a green corporate culture.
Governance
Four-Phase Methodology The Company strictly adheres to national and local environmental protection laws, regulations, policies, and standards such as the
Environmental Protection Law of the People's Republic of China and the Environmental Impact Assessment Law of the
People's Republic of China. We have established and continuously optimized our environmental management system, forming
a dedicated environmental management team to coordinate the implementation of environmental policies, pollution control,
Phase I Phase II energy conservation, emission reduction, and emergency management. The Company's Environmental Protection Division, as the
Identify the Company's carbon emissions Sort out upstream and down-
primary responsible department, oversees the implementation of environmental protection policies and formulates measures for
stream value chain emissions
Conduct a comprehensive inventory of direct energy conservation, emission reduction, and environmental protection in accordance with environmental policy requirements.
and indirect emissions. Based on operational Periodically and continuously assess
conditions, determine direct emission data, emissions across the value chain. Based By the end of 2025, multiple subsidiaries of the Company have obtained ISO 14001 Environmental Management System certi?cation.
including stationary combustion, fugitive on actual conditions, establish initial
emissions, and mobile source emissions. Con- value chain emissions focusing on indirect
?rm indirect emission data mainly from pur- carbon emissions from waste paper pro-
chased electricity, heat, and gas that support cessing and wastewater discharge treat-
operations, thereby gaining a full understand- ment, with ongoing e?orts in identi?ca-
ing of the Company's emission pro?les. tion and statistics of emission sources
throughout the industrial chain.
Phase III Phase IV
Huizhou Milkyway Huayitong Nanjing Milkyway Chemical Shanghai Milkyway Chemical Shanghai Milkyway Chemical
Transportation Co., Ltd. Supply Chain Service Co., Ltd. Storage Co., Ltd. Logistics Co., Ltd.
Continuously improve and achieve Achieve assetization and marketi- ISO 14001 Environmental Management ISO 14001 Environmental Management ISO 14001 Environmental Management ISO 14001 Environmental Management
comprehensive inventory zation of emission management System Certi?cation System Certi?cation System Certi?cation System Certi?cation
capabilities
Scienti?cally, openly, and comprehensively
clarify emission pro?les and their changes. Based on the full inventory covering the whole
Continuously enrich periodic activity data to process, all scenarios, entire value chain and
Note: Due to the large
achieve an understanding and investigation of full service solutions, clarify the carbon asset
number of certi?cates,
complex scenarios, including emissions from value and development potential of the Com- only a selection of subsid-
outsourced logistics services and disposal pany, achieving a comprehensive transforma- iary certi?cations are
listed above.
processes. This enables full con?rmation of tion of environmental e?orts from cost-based
GHG emissions and emission reduction capa- to asset-based.
bilities. Shanghai Chemical Zhangjiagang Free Trade Zone Zhenjiang Baohua Logistics
Automobile Transport Co., Ltd. Bus Logistics Co., Ltd. Co., Ltd.
ISO 14001 Environmental Management ISO 14001 Environmental Management ISO 14001 Environmental Management
System Certi?cation System Certi?cation System Certi?cation
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Strategy Regularly carry out special investigations and recti?cation of environmental hazards, focus-
ing on critical aspects such as the operational status of environmental protection facilities,
Guided by its strategy, the Company systematically identi?es and assesses environmental impact factors throughout the produc- Environ- hazardous chemical storage management, and compliance at work sites. Immediately regis-
tion and operation processes, dynamically tracks environmental risk trends, and continuously optimizes improvement measures mental ter and ?le identi?ed hazards , initiate responses, and clearly de?ne recti?cation measures,
hazard responsible parties, and deadlines to ensure dynamic hazard elimination. Through continu-
to consistently enhance pollution control capabilities and resource utilization e?ciency. By integrating environmental manage-
identi?ca-
ous investigations and closed-loop management, steadily enhance environmental risk
ment into corporate strategy and daily operations, the Company promotes green and low-carbon principles across the entire tion
chain, encompassing procurement, warehousing, transportation, and engineering construction, to achieve compliant operations, prevention and control capabilities, providing a solid foundation for environmentally com-
pliant operations and sustainable development.
controllable risks, and green, sustainable development goals.
Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response Conduct inspections on discharge of waste gas, waste water and solid waste and environ-
tunity Type Description Occurrence of Impact Financial Impact Measures
mental protection facilities, track the recti?cation and implementation of non-compliant
The company engages in items, and conduct reviews and evaluations.
freight forwarding, warehous-
Risk In accordance with the ISO 14001 Environmental Management System requirements, the
ing, and transportation of
chemical products, some of assess- Company proactively accepts annual audits and supervision by third-party institutions. For
which are ?ammable, explo-
Risks
sive, or toxic hazardous chemi-
ment systems and operational tal impact assessment and approval procedures, actively accepts reviews, evaluations, and
cals. In the event of a leakage,
Chemical Low Cost safety precautions
it could not only cause severe Short term inspections by competent authorities and industry experts to ensure legal compliance and
leakage risk increase 2. Improve emergency manage-
pollution to surrounding soil
ment mechanisms and conduct green, low-carbon project construction.
and water bodies but also
regular emergency drills
trigger secondary disasters
such as ?res or explosions,
posing signi?cant threats to
the ecological environment
and residents' safety.
Market demand for green
supply chain solutions is grad-
Opportunity
ually increasing. By enhancing Cost
Technologi- investment in green technolo- Short
In-process control
redction, 1. Adopt new energy vehicles
cal gy R&D and application, the High medium
revenue 2. Develop waste recycling and
opportuni- Company can continuously and long
increase regeneration technologies
ties elevate its green image and term
promote sustainable develop-
ment across the entire industri-
al chain. Environ- Provide on-the-job environmental protection and approved emergency drills. Employees
mental
who fail the assessment will be suspended for remedial training until they pass, followed by
protection
training inspection and monitoring.
Impact, Risk, and Opportunity Management
Strictly implement quali?cation management, legally obtain statutory permits such as haz-
In strict accordance with the requirements of the Safety Supervision System, the Company has established a full-cycle environ-
Risk ardous waste operation licenses, pollutant discharge permits, and environmental adminis-
mental risk management mechanism covering prevention, in-process control, and post-incident handling. Through routine moni- prevention trative approvals for hazardous material warehouses.
toring, standardized operations, and systematic audits, the Company achieves comprehensive control over environmental risks. and control Enhance risk protection by purchasing hazardous chemical safety liability insurance and
environmental pollution liability insurance and other types of insurance.
Prevention
Develop internal standards such as the "Three Wastes and One Noise" Treatment Standard for
Emergency
response to Environmental Pollutants and the Hazardous Waste Storage Standard. Establish an overall
Risk Focus on identifying key environmental risks, such as material leakage during operations
identi?ca- and transportation, excessive emissions of environmental pollutants during operations, and environmen- emergency response plan and specialized contingency plans for environmental incidents to
tion tal incidents strengthen risk defenses at the institutional, standard, and planning levels.
improper waste management and disposal.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
full-process re?ned management, and continuously improves resource e?ciency. Additionally, the Company has established spe-
To e?ciently handle sudden environmental incidents, minimize accident hazards, and
cialized standards such as the Energy Management Work System and the Low-Consumption Consumables Management System,
prevent secondary risks, the Company and its key subsidiaries regularly organize all employ-
building a standardized and regulated resource management system to ensure systematic and evidence-based resource control.
Emergency ees to participate in environmental emergency drills in strict accordance with the Special
plans and Emergency Plan for Sudden Hazardous Chemical Leakage Accidents. Through practical
drills
drills, ensure employees master emergency response procedures, disposal key points, and Governance Structure
protective skills, continuously enhancing team coordination, safeguarding ecological envi-
ronment safety and public health.
The Company has established a clear hierarchical energy management structure with well-de?ned responsibilities. The Strategy
and ESG Committee is responsible for major energy management decisions, while the General Manager of the Global Compliance
Empowerment Center serves as the energy management lead, building a company-wide energy management network. The
Post-incident- handling Administrative Compliance Empowerment Department and Safety Compliance Empowerment Department, as functional units,
collaborate with business departments to promote daily resource management tasks. They coordinate system implementation,
measure execution, and cross-departmental collaboration to ensure orderly and e?cient resource management work.
On the day of a public relations accident, register it in the MCP system and report to the
Board Secretary; hold relevant personnel accountable and impose penalties. Credit resto-
Emergency
ration: For incidents a?ecting the company's goodwill, credit restoration must be conduct- Oversight Mechanism
accident
response ed, with quarterly reviews and such incidents will be included as a priority oversight item
under the purview of the VP of Safety in the Primary Safety Committee. Supervision and
The Company has established a robust energy conservation and emission reduction oversight mechanism led by the Safety Tech-
internal audit: Within six months of case closure, the involved department must report the
nology Department. This department is responsible for monitoring the implementation of energy-saving measures, conducting
completion status of subsequent recti?cation measures to the Supervision Department and
statistical analysis and review of energy consumption data, accurately evaluating energy-saving outcomes, and promoting the
undergo its supervisory internal audit and assessment.
continuous optimization of energy-saving initiatives. Additionally, energy conservation training is prioritized as a key task. The
Company organizes mandatory online specialized training for all employees with strict assessments, consistently strengthening
sta? awareness of energy/water conservation and resource recycling to solidify the ideological foundation for green development.
Metrics & Targets
The Company continuously optimizes production and operational processes, actively introduces advanced environmental protec-
Strategy
tion technologies and governance facilities. We implement full-process monitoring and precise control of pollutants such as waste-
As a leading enterprise in the chemical and new energy supply chain sector, the Company involves various energy consumption in
water, exhaust gases, noise, and solid waste to ensure stable compliance with all emission standards and ?rmly uphold ecological warehousing, transportation, and daily management, among which energy consumption such as electricity and fuel oil is relatively
and ecological conservation red lines. prominent. The Company places high importance on energy consumption and resource utilization, and has established a professional
team to routinely identify energy-related risks and opportunities. By aligning with industry trends and its operational characteristics,
By 2025, the Company had no negative environmental incidents. the Company formulates targeted management strategies to ensure that risks are controllable and opportunities are materialized.
Lean Resources Management: Promoting Recycling
Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response
tunity Type Description Occurrence of Impact Financial Impact Measures
Surge in energy
consumption at
Extreme weather events may warehousing warehousing facilities by construct-
lead to power supply shortages. facilities, ing ?ood control systems and
Risks
Regional blackouts at chemical increased preparing backup power supplies
Physical temperature
Milkyway adheres to the concept of green development, empowering e?cient utilization of energy, water, and materials through warehousing bases could result Medium Short term control costs: 2. Sign emergency supply agree-
risks
in temperature control failures, Transportation ments with energy providers
re?ned management. It earnestly practices the circular economy mode, promotes the recycling and reuse of various resources, while typhoons may cause delays lead to 3. Optimize logistics routing
liquidated
continuously reduces environmental impact, balances cost control with sustainable development to contribute to the realization logistics disruptions.
damages for
algorithms to reduce transporta-
breach of contract tion risks during extreme weather
of the carbon peaking and carbon neutrality goals, demonstrating the responsibility and commitment of a leading enterprise in the
chemical and new energy supply chain. 1. Continue advancing the imple-
Opportunity
rooftop photovoltaics on ware- photovoltaic projects to expand
houses to enhance corporate the scale of self-generated green
Governance
Techno- Short, Cost
energy independence electricity
logical High medium, reduction,
opportu- with new energy logistics and long revenue energy logistics vehicles, gradually
nities vehicles reduces fuel costs; term increase replacing fuel vehicle ?eets,
The Company strictly complies with national laws and regulations such as the Law of the People's Republic of China on Energy Con-
green transportation promotes improving the green transporta-
servation, the Water Law of the People's Republic of China, and the Circular Economy Promotion Law of the People's Republic of the growth of business volume. tion system, and empowering the
green upgrade
China, as well as local regulations. It focuses on the utilization of core resources such as energy, water, and materials, implements
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Impact, Risk, and Opportunity Management Energy Utilization
The Company continuously improves its energy risk management process. Starting with risk identi?cation, assessment, and The energy required for the Company's operations primarily includes gasoline, diesel, purchased electricity, and purchased heat,
monitoring, it implements targeted management strategies to mitigate energy utilization risks. This creates multidimension- among which purchased electricity being the main source of energy consumption. To improve energy utilization e?ciency, the
al value for the enterprise, including cost control and operational stability. Company regularly conducts technical and economic analyses of major energy-consuming equipment, utility systems, and overall
corporate energy usage. By combining test data with energy consumption statistics, the Company accurately identi?es ener-
gy-saving potential, clari?es optimization directions, and provides a scienti?c basis for energy management improvements and
energy-saving technological upgrades, thereby continuously enhancing energy utilization e?ciency.
Risk Through comprehensive analysis of external policies, natural environ-
identi?-
Water Resource Utilization
ments, market trends, and internal operational conditions, the Company
cation identi?es potential risks that may impact energy supply stability, cost-ef-
fectiveness, and environmental compliance.
The Company's fresh water source is municipal water supply. We strictly adhere to national water resource management laws and
regulations, and conduct water resource management in accordance with the Energy Conservation and Consumption Reduction
Control Procedures, and continuously improve water-saving measures and management methods. Through process optimization
such as improving water consumption techniques, equipping water recycling systems, and installing water-saving valves, the
Company reduces water resource usage. The Safety and Technology Department conducts regular inspections of environmental
Risk Evaluate identi?ed risks by comprehensively considering the likelihood of protection and water-use equipment to identify and eliminate potential leaks, preventing unnecessary water loss. Furthermore,
assess- occurrence, time horizon of impact, and expected ?nancial impact. the Company actively carries out "water conservation" awareness campaigns and specialized training to enhance employees'
ment water-saving awareness and drive e?cient water resource utilization.
Circular Economy
The Company places high importance on material recycling, focusing on the full lifecycle management of consumables. It strictly
Monitor energy usage and conduct data analysis to promptly detect
Risk implements the Low-Consumption Consumables Management System by standardizing consumable usage, promoting eco-friend-
abnormal energy consumption patterns and implement follow-up mea-
moni- ly materials, and facilitating the recycling and reuse of waste materials. These e?orts reduce resource consumption, lower opera-
toring sures.
tional costs, and contribute to the development of a circular economy.
Promotion Waste
and The Company prioritizes the use of recycling Shanghai Jiajinying Environmental Protec-
application environmentally friendly packaging tion Service Co., Ltd., in which the company
of
and consumables, continuously holds shares, adheres to the philosophy of
Risk Based on the results of risk identi?cation and assessment, the Company has eco-friendly
improving the utilization rate of "enabling in?nite resource circulation and
man- consum-
formulated and implemented a series of targeted energy management mea- sustainable materials to minimize the creating a cleaner world". Specializing in the
ables
age- sures. These include optimizing energy usage structures, promoting clean operational impact on the surround- intensive treatment and resource reuse of
ment ing environment. First, for wooden hazardous waste, it has mastered key tech-
energy applications, and enhancing green transportation management to
consumables, plywood pallets are nologies such as the waste mineral oil recy-
raise employee awareness of energy conservation and ensure continuous
adopted, employing an odd-num- cling, packaging drum recycling, cleaning and
optimization and improvement in energy management.
bered-layer veneer vertical bonding
process, signi?cantly enhancing wood
utilization and reducing resource
regeneration, and the harmless treatment of
waste emulsions, achieving resource recov-
ery, reduction, and harmless disposal of
waste. Second, for reinforcement hazardous waste. Furthermore, the Compa-
consumables, stretch ?lms produced ny's administrative o?ce building project
from imported linear low-density poly- exempli?es resource circularity by fully repur-
ethylene (LLDPE) resin and specialized posing dismantled materials and furniture
tacki?er additives are selected. This from the Monaco Pavilion of the World Expo
material is non-toxic, odorless, recycla- into its construction and interior design. This
ble, and even suitable for direct food initiative truly transforms waste into valuable
packaging, balancing environmental resources, showcasing tangible results in
sustainability and practicality. circular development practices.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Metrics & Targets Governance
The Company actively responds to the "Carbon Peaking and Carbon Neutrality" initiative by setting short-, medium-, and The Company consistently upholds the bottom line of ecological and environmental protection, strictly complying with laws and
long-term quantitative control targets for energy consumption and water resource utilization. It regularly tracks progress, dynami- regulations such as the Water Pollution Prevention and Control Law of the People's Republic of China, the Air Pollution Prevention
cally optimizes and adjusts implementation, and ensures the orderly achievement of phased targets, continuously driving and Control Law of the People's Republic of China, and the Law on Prevention and Control of Environmental Pollution by Solid
improvements in resource utilization e?ciency and green, low-carbon transformation. Waste of the People's Republic of China. Through a comprehensive and standardized pollution prevention and control system, it
systematically manages wastewater, exhaust gases, and solid waste emissions, e?ectively protecting regional ecological and envi-
ronmental safety.
Energy Management Targets
According to the Shanghai 2024 Directory of Key Units Subject to Environment Supervision issued by the Shanghai Municipal Bureau
of Ecology and Environment, the subsidiary Shanghai Milkyway Tank Container Service Co., Ltd. was listed as a "Key Water Pollut-
ant Discharge Unit" and a "Key Air Pollutant Discharge Unit".
Target Name Unit 2025Target 2030Target 2050Target
Strategy
Energy consumption reduction % 12 18 23
rate Through policy research, industry benchmarking, and expert
consultations, the Company identi?es risks and opportunities
closely related to its operations, and takes corresponding
measures to reduce the potential impact of relevant risks on
Water Resource Management Targets the Company, while seizing opportunities to promote sustain-
able business development.
Target Name Unit 2025Target 2030Target 2050Target Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response
tunity Type Description Occurrence of Impact Financial Impact Measures
Per capita water consumption planning: Regularly evaluate the
Extreme weather events may alignment between existing treat-
reduction rate % 3 5 6
lead to power supply shortag- ment processes and the latest
es. Regional blackouts at emission standards as well as
Risks
Technologi- chemical warehousing bases Medium to Cost corporate development plans,
Total water consumption could result in temperature
Medium
and formulate forward-looking
reduction rate % 2 2 3 cal risks long term increase
control failures, while facility upgrade roadmaps.
typhoons may cause logistics 2. Budget allocation: Reserve
disruptions. dedicated funds for environmen-
tal facility upgrades in capital
expenditure plans.
Pollution Control: Safeguarding Blue Sky and Clean Land
As a key pollutant discharge
exchange guidelines to systemat-
unit, maintaining a strong track
ically disclose environmental
Opportunity
record of environmental
management performance, form-
Technologi- compliance and proactive Cost ing a complete evidence chain for
investment in pollution Short to
cal High reduction, evaluation by ?nancial institu-
prevention and control can medium
opportuni- revenue tions.
help the Company secure term
Milkyway strictly adheres to environmental regulations, establishing a comprehensive pollution prevention and control system. It ties increase 2. Proactive engagement: Actively
more favorable terms when
communicate with ?nancial
standardizes the management of wastewater, exhaust gases, solid waste, and hazardous chemicals, proactively identi?es environ- applying for green credit,
institutions, presenting environ-
sustainability-linked loans, and
mental performance as a positive
mental risks and opportunities, ensures continuous compliance with emission standards, and e?ectively safeguards ecological other ?nancial products.
factor in credit ratings.
and environmental safety.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Impact, Risk, and Opportunity Management
The Company has established the Hazardous Chemicals Control Procedures to ensure proper management of hazardous chemi-
cals, preventing environmental pollution, safeguarding personal and property safety, and averting accidents. The Company stores
hazardous chemicals in designated locations, ensuring they are not mixed with other waste and are specially handled. During the
Pollutant Emissions reporting period, no hazardous chemical leakage incidents occurred.
Hazardous Chemical Handling Measures
The Company has established and strictly implemented management systems such as the Water Pollution Control Procedures,
Hazardous Gas and Dust Pollution Control Procedures, and Noise Pollution Control Procedures. Subsidiaries, in their daily opera-
tions, treat wastewater and exhaust gas to meet compliance standards in accordance with legal requirements and conduct regu-
lar equipment maintenance. The Company annually engages quali?ed third-party institutions to test wastewater and exhaust gas
Loading and unload- Emergency response
emissions, ensuring continuous compliance with national standards.
ing management Signage installation
Spill containment kits are provided. In the
Strictly comply with national All chemical products bear event of hazardous chemical leakage,
hazardous chemical regula- immediately place the entire container
Wastewater treatment Waste gas treatment clear safety/warning
tions, ensuring stable and labels, precautions, and into the spill containment kit and take
There are two rainwater discharge outlets in the plant area. The There are two general waste gas emis- safe operations to prevent emergency measures for chemicals spilled
emergency response mea-
main rainwater outlet is ?tted with a pollution interception sion outlets and one main emission
spills or leaks. sures. on the ground. Use ?re sand to prevent
device, implementing separate drainage systems for rainwater outlet within the plant area. One main
Safety warning signs shall be Chemical storage areas are the spread of hazardous chemicals.
and sewage. Rainwater and sewage collection pipelines are Shanghai emission outlet of the spray booth and
independently con?gured to strictly prevent contaminated rain- Milkyway ISO one general emission outlet of the sand- posted in hazardous chemi- properly marked, with Provide rigorous chemical safety training
Tank Service cal loading/unloading areas to transportation and management
water from entering surrounding water bodies. The main outlet blasting room have been decommis- MSDS placed.
Co., Ltd.
features online pH and ?ow rate monitoring. There is one indus- sioned, both of which have been proper- to remind employees of Chemical zones are equipped personnel to ensure employees master
trial wastewater discharge outlet, which operates as an indirect ly reported. Currently, only one general safety precautions. All knowledge related to chemical emergen-
with spill containment
discharge point. The wastewater treatment station employs a waste gas emission outlet is in use, utiliz-
personnel responsible for facilities to prevent envi- cy treatment.
"chemical demulsi?cation/air ?otation + advanced oxidation + ing a scrubbing tower + ?ltration + UV
hazardous chemical han- ronmental contamination Conduct regular emergency drills to
biochemical" process to treat wastewater from various produc- photocatalytic process. Treated gas
tion units. After meeting discharge standards, the treated water meeting emission standards is released dling must wear required from leakage. enhance employees' capability in han-
is discharged into Gangbin Wastewater Treatment Plant. through a 15-meter-high exhaust stack. PPE during operations. dling emergencies.
Noise Management
Milkyway strictly adheres to the Law of the People's Republic of China on the Prevention and Control of Noise Pollution, implement-
ing various noise reduction measures to rigorously control industrial noise during production processes. Regular monitoring is
conducted, and proactive noise reduction and improvement measures are made to minimize interference with the natural envi-
ronment and society.
The Company complies with the GB12348-2008 Emission Standard for Industrial Enterprises Noise at Boundary. The Operations
Waste Management Department employs noise reduction, sound insulation, and vibration damping measures based on actual conditions to mitigate
noise pollution and reduce external noise emissions. Work sites are organized e?ciently to minimize nighttime operations and
lower on-site noise levels. Regular inspection, maintenance, and lubrication of high-noise equipment are carried out to ensure
In compliance with regulations such as the Waste Management Operating Speci?cation and Hazardous Waste Management Speci- optimal performance, e?ectively controlling noise generation. The Company engages third-party testing institutions to conduct
?cation, the Company implements classi?ed collection and compliant disposal of waste generated during operations. Hazardous periodic noise assessments, ensuring compliance with emission standards.
waste is recycled and processed by quali?ed third-party professional institutions, with dedicated hazardous waste storage ware-
houses established for standardized storage and timely transportation. The Company regularly conducts emergency drills for haz- By the end of 2025, Milkyway had installed 12 noise monitoring devices and engaged professional institutions for testing and veri?-
ardous waste leakage to enhance employees' emergency response capabilities and e?ectively mitigate environmental risks. cation, ensuring that noise emissions during production and operations meet the standard both day and night.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Metrics and Targets Green Supply Chain
The Company has established the MCP intelligent supply chain platform, comprehensively covering
the entire chemical and new energy supply chain process. This enables integrated intelligent man-
agement of logistics dispatch, resource allocation, and business work?ows. Leveraging digital trans-
all pollutant emissions from the Company meet national and local standards.
formation, the Company e?ectively reduces resource waste and improves utilization e?ciency. By
selecting optimal operational solutions, it maximizes service value. Through technology-driven
green and low-carbon transformation, the Company helps enterprises achieve ESG goals while con-
Green Operations: Supporting Carbon Peaking and Carbon tinuously enhancing operational e?ciency and core competitiveness.
Neutrality Goals
The Company adheres to the philosophy of green and low-carbon development, advancing sustainable operational practices Green Warehousing
across green logistics, green supply chains, green warehousing and green o?ces. It deeply integrates low-carbon principles
into the entire business process, taking concrete actions to support the realization of the carbon peaking and carbon neutral-
ity goals and the sustainable development of the industry ecosystem.
The Company actively explores the application of clean energy and resource recycling in the ware-
housing sector, providing comprehensive low-carbon solutions encompassing planning and opera-
tions for warehouses and industrial parks. By installing photovoltaic power generation equipment on
Green Logistics the rooftops of designated warehouse buildings, the Company maximizes the use of natural resourc-
es to obtain green electricity to support the operation of electrical equipment in the parks. This not
The Company actively promotes the construction of a low-carbon transportation system, continuously expands the applica-
only reduces indirect carbon emissions by replacing externally purchased electricity for its own
tion of new and clean energy across all supply chain segments, and optimizes multimodal transport to reduce carbon emis-
energy needs but also enables more energy to be fed into the grid, providing a source of green power
sions throughout the chain, supporting the carbon peaking initiative of the entire chemical industry.
for the city and a wider range of stakeholders.
To date, the Company has completed photovoltaic installations at 7 warehouses (Zhenjiang,
The Company has introduced LNG-powered new energy logistics vehicles, continuously
reducing the proportion of traditional fuel vehicles in transportation services. As an Dazhengxin, Shanghai Tongfa Road, Ningbo Shenze, Shanghai Jiading, Shanghai Fengxian, Shanghai
automotive fuel, LNG reduces comprehensive emissions by approximately 85% com- Jinshan), with an installed capacity of 4,488.5KW.
Adopt new
energy logistics pared to gasoline and diesel, signi?cantly cutting pollutants and GHG emissions in the
vehicles transportation process. Additionally, the Company is systematically replacing internal
combustion forklifts with electric forklifts across its national warehouse facilities. This
transition e?ectively reduces air and noise pollution, conserves energy, lowers mainte-
nance costs, and decreases reliance on traditional fossil fuels.
Green O?ce
To address the prominent issue of mobile source emissions in the logistics industry, the
Company collaborates with clients to optimize transportation plans and structures, The Company actively implements the concept of green development, vigorously promoting digital
vigorously developing multimodal transport centered around railways and waterways.
and paperless o?ce practices. We have launched company-wide energy-saving initiatives, estab-
It accelerates the shift of medium- and long-haul freight transport from road to railway
lished a low-carbon o?ce system, and fostered a culture of energy conservation and environmental
and waterway. Through the scienti?c layout of transit nodes, optimization of transport Optimize
transportation protection. During daily operations, we implement energy-saving management for o?ce equipment,
routes and loading/unloading operations, the Company promotes the e?cient connec-
tion and coordinated division of various transport modes, continuously increasing load- modes optimize the use of air conditioning and lighting systems, and streamline vehicle routes. We imple-
ment green procurement by purchasing energy-e?cient o?ce equipment such as LED lights.
ing rates and resource utilization e?ciency, reduces GHG emissions in storage and
transportation, and expands the coverage of green logistics services.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Innovation Dimension
Boosting Quality Through Innovation to Re?ne the
Core of Premium Service
Milkyway remains committed to innovation as its core driver, compre-
hensively advancing digital and intelligent transformation. Leveraging AI
and big data technologies, we are reshaping the essence of supply chain
services. We established a collaborative innovation ecosystem, strength-
ened intellectual property and information security defenses, and em-
powered business upgrades with technological capabilities. Adhering to
our "customer-centric" principle, we continuously enhance service qual-
ity and experience. Through industry collaboration, we lead the eleva-
tion of standards, striving for excellence in market competition and
jointly writing a new chapter of high-quality industry development.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Digital Driving Force: Empowering Business Upgrading By the end of 2025, three subsidiaries have obtained High-Tech Enterprise certi?cation and "Specialized, Sophisticated,
Distinctive, and Innovative" (SSDI) enterprise certi?cation. Among them, the subsidiary Shanghai Milkyway Chemical
High-tech enterprise certi?cation
Milkyway upholds technological innovation as its core driver. It has established a comprehensive management system encom-
"Specialized, Sophisticated, Distinctive, and Innovative"
passing innovation management, R&D investment, digital transformation, and intellectual property protection. Focusing on the (SSDI) Enterprise certi?cation
intelligent and low-carbon development of hazardous chemical supply chains, Milkyway leverages digital intelligence technologies Certi?cations
and accredita- Shanghai Milkyway Chemical
to enhance operational e?ciency, safety upgrades, and green transformation. This approach continuously strengthens its core Storage Co., Ltd. has been awarded national-level SSDI
tions obtained "Little Giant" Title
competitiveness and industry leadership.
China Federation of Logistics & Purchasing - Hazardous
Chemicals Logistics Branch: vice president unit
R&D and Innovation Management China Storage & Distribution Association - Hazardous Chemi-
Participation cals Branch: vice president unit
in external
In response to the national strategy for scienti?c and technological innovation, the Company has established a comprehensive initiatives and China Communications and Transportation Association -
organizations Hazardous Chemicals Committee: vice president unit
R&D and innovation management system based on its development vision of "full digitalization, full informatization, data as the
engine, and the Internet of Everything". It has formulated the Scienti?c and Technological Innovation (Information and Intelli- China National Hardware Electric & Chemical Products Com-
mercial Association - Chemical Professional Working Commit-
gence) Management System, positioning technological innovation as the core engine for high-quality development. tee: vice president unit
Science and
China Ports and Harbors Association - Standing council
technology member
Governance Structure honors and
awards
Milkyway has been awarded the title of "Group Open Innova-
obtained tion Center"
The Company has established a scienti?c and technological innovation organizational framework consisting of one compliance Shanghai Milkyway Chemical Logistics Co., Ltd. has been
honored with the title of "Industrial Digitalization Leapfrog
empowerment center (innovation empowerment & environmental governance) and four product centers. The Information and Chain Leader Enterprise (GID)"
Intelligence Department oversees R&D and innovation management, driving the enhancement of R&D capabilities and the trans-
formation and sharing of achievements.
R&D Organizational Structure Information Intelli-
gence Department Note: Due to the large
number of certi?cates,
??
?? only a selection of certi?-
???? cation achievements are
listed here.
Shanghai Milkyway Chemical
Milkyway Received the Storage Co., Ltd.
"Group Open Innovation Center (GOI)" has Obtained High-Tech Enterprise
Designation from Pudong New Area Certi?cation
Environmental MBO System R&D Logistics System Innovation Innovation Incentive Mechanism
Governance Dept. Dept. R&D Department Enablement Dept.
To stimulate innovation vitality and promote the commercialization of scienti?c and technological achievements, the Com-
pany has established systems such as the R&D Personnel Performance Evaluation System and the R&D Project Accounting
Integrated Trade and MKT System R&D Management Measures. These mechanisms aim to implement and incentivize the transformation of scienti?c achievements,
Logistics System R&D Dept. Dept.
reward teams and individuals who make outstanding contributions to R&D innovation, provide special cash incentives for
intellectual property applications, and fully mobilize employees' enthusiasm for innovation, thereby driving the deep inte-
gration of technological innovation and business operations.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Industry-Academia-Research Collaboration Key Projects
The Company adheres to deep integration of industry, academia, research, and application, actively engaging in strategic
collaborations with universities and research institutions. It has established long-term partnerships with East China Normal
University, Shanghai Customs University, Nanjing University of Information Science & Technology, and other institutions to Completed the development of a process risk control system cover-
jointly build a technological innovation system and knowledge transformation platform, enhancing independent innovation Development of Milkyway process ing the entire risk lifecycle management, achieving closed-loop
and self-reliance in key technologies. By the end of 2025, the Company had obtained R&D Institution certi?cation from the risk control system management from risk identi?cation, monitoring, and early warning
Pudong New Area and was selected as one of the ?rst batch of overseas headquarters enterprises in the Pudong New Area, to disposal and review.
earning authoritative recognition for its innovation capabilities and global expansion strategy.
Completed the construction of an integrated platform, involving
system architecture design, development of human resource inven-
Development of production factor tory management module, asset inventory management module,
scheduling management platform intelligent scheduling algorithm and engine for production factors,
(human resources, assets) and system data integration interface development. Achieved
re?ned and intelligent management and scheduling of production
factors such as human resources and assets.
Completed the development of an Intelligent Budget Management
System for the FMCG industry. With data-driven and arti?cial intelli-
Development of intelligent budget gence at its core, it established a full-cycle budget management
Shanghai Customs University Visit and Exchange CEIBS Visit and Exchange management system for FMCG closed-loop of "compilation-monitoring-adjustment-analysis," real-
izing automation and intelligence in budget management.
Commercialization of Scienti?c Research Achievements Completed the functional development of the main processes for
the PC version of the comprehensive management training system,
Com p rehens iv e m a na gem ent
Deeply rooted in the chemical and new energy supply chain sector, with the core mission of "safer and more e?cient", the enabling comprehensive, precise management and intelligent anal-
training system in the chemical
Company focuses on addressing pain points and demands across the entire hazardous chemical logistics chain. It continu- ysis of corporate training activities. The system will signi?cantly
sector
ously increases R&D investment to drive the e?cient commercialization of key technological achievements. This creates enhance the Company's ability to manage training programs, ensur-
diversi?ed value for high-quality economic development, industry safety and stability, and ecological sustainability, support- ing e?cient and stable operation of talent development.
ing the intelligent and green transformation of the hazardous chemical industry and manufacturing sector.
Completed the development of the smart booking management
In 2025,Digital intelligence application upgrades of AI-enabled innovative tools: Focusing on three major areas - core o?ce system and its deployment across the Company's ocean shipping busi-
systems, data management systems, and infrastructure construction. Smart booking management ness line. It e?ectively promotes standardization, automation, and
system visualization of booking and related business processes, comprehen-
The Company's document library has undergone a comprehensive architecture reorganization, deeply integrating intelli- sively improving operational e?ciency and market competitiveness.
and knowledge accumulation levels, and o?cially entering a new stage of intelligent and e?cient data management. Completed the development and deployment of the automated
billing system for ocean import/export. It achieves full-process
Development of the automated
automation and intelligent management, covering quotation bind-
The intelligent super secretary function has o?cially gone online and is now serving as an exclusive personal assistant for all billing system for FCL/LCL custom-
ing, cost calculation, rule matching, and ?nancial data synchroniza-
tion. The system has now been put into operation and is subject to
processing, process approval, and work supervision and other scenarios.
continuous iteration.
The company's independently developed "Automatic Billing" system has achieved an improvement in operational e?ciency.
It deeply integrates the three major business segments of MGL, MCL, and MCD, and with its built-in cost standardization Completed the development and acceptance of the automated
realizing seamless connection throughout the entire process from contract signing to operation execution and bill generation. billing system for air freight custom- ment. This system provides robust support for the digital transfor-
ers and warehouse management mation of air cargo services and has now been put into operation
and is subject to continuous iteration.
The IDC data center renovation is complete. It has achieved the function of automatic real-time inspection of equipment
operation status throughout the entire period. It can monitor real-time equipment operation parameters and promptly
operations. The system has undergone o?ine simulation testing and
virtual model, the physical state of the data center is mapped in real time, providing a solid infrastructure guarantee for the
Development of the reservation achieved seamless integration with existing park equipment and oper-
company's subsequent big data computing, intelligent business development, and digital transformation promotion.
management system for park ations. Its core objective is to address ine?ciencies, information asym-
warehouse operations metry, and management chaos in traditional warehouse reservation
The company has developed an integrated suite of four core management tools - Meeting, Supervision, Scheduling, and Docu-
mode through digital and intelligent solutions.
suite delivers holistic lifecycle management solutions spanning from decision-making to execution.
All core modules have been developed, tested, and deployed, with
the system operating stably in production environments. It has suc-
The company's industry-leading 4PL System, a SaaS-based Fourth-Party Logistics platform, has established a digital collab- Development of DC warehouse cessfully processed automated billing for multiple batches of histo-
oration network connecting core enterprises and logistics providers. Featuring a cloud-deployed modular architecture, the automated billing system ry and real-time orders. By intelligently analyzing and modeling
quotation structures, the system enables digital de?nition and
functions including vendor assessment, capacity allocation, and cost analytics, enabling clients to reduce logistics expendi-
tures while enhancing modern supply chain collaboration models. automated execution of billing rules.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Industry Empowerment
The Company actively participates in industry standardization e?orts, leading or contributing to the revision of multiple criti-
cal national standards, including GB15603 General Rules for Storage of Hazardous Chemicals and GB18265 Operation Condi-
tions and Technical Requirements for Enterprises Handling Dangerous Chemicals Business. Leveraging its technical expertise,
the Company drives high-quality development in the sector.
Digital Transformation
The Company has positioned digital transformation as a core development strategy, continuously enhancing technological
innovation capabilities and comprehensively upgrading business intelligence to fuel high-quality growth through digital
empowerment. By 2025, the Company successfully integrated AI large models into its core business processes, achieving iter-
ative upgrades of four major tools and full coverage across eight pro?t-and-loss statement support modules. It also imple-
mented systematic optimization throughout the entire business chain, including administration, ?nance, warehousing, Intellectual Property Protection
transportation, distribution, freight forwarding, shipping, and tank container operations, signi?cantly improving operational
e?ciency and decision-making e?ectiveness. The Company strictly complies with laws and regulations including
the Trademark Law of the People's Republic of China, Copyright Law
At the technical architecture level, the Company integrates ESG full-text search engine capabilities with AI large model infra- of the People's Republic of China, Patent Law of the People's Republic
structure to complete system architecture upgrades and solidify its digital technology foundation. Internally, it independent- of China, and the Enterprise Intellectual Property Compliance Man-
ly develops systems such as automated receivable billing and intelligent warehousing to enhance operational e?ciency. agement System - Requirements (GB/T 29490-2023), establishing a
Externally, it builds a 4PL smart supply chain platform to continuously empower customer services, forming a digital devel- comprehensive, multi-dimensional intellectual property protection
Shanghai Milkyway Chemical
opment framework of "enhancing internal e?ciency while empowering external clients". system. It has obtained GB/T 29490-2013 Intellectual Property Man- Storage Co., Ltd.'s
Intellectual Property Management System
agement System Certi?cation. Complies with the GB/T 29490-2013 Standard.
Establishing a digital intelligent management platform Developing an intelligent warehousing system
Management Framework
Covering the entire "warehousing-transportation-dis- Through hardware upgrades including automated
tribution" chain, the platform integrates cutting-edge shelving, AGV robots, and intelligent sorting equip-
technologies such as IoT, AI, blockchain, and big data ment, combined with algorithm-optimized sched-
The Company has established a comprehensive intellectual property management framework, with clearly de?ned responsi-
analytics to achieve real-time positioning of hazard- uling logic, the system enables unmanned opera-
bilities and an e?cient collaborative working mechanism.
ous chemical transport vehicles, dynamic monitoring tions and e?cient coordination in hazardous
of key parameters like temperature/humidity/pres- chemical storage, loading/unloading, and turn-
Intellectual Property Management Organizational Structure
sure, and full transparency in cargo traceability. over.
Compliance and rights
Intellectual property responsible person & practitioner
protection team
Coordinate departmental work, formulate annual intellec-
Led by the Company's
tual property work plans, and liaise with senior leadership,
legal department, respon-
Developed AI visual recognition early warning Promoted new energy transportation ?eets and internal colleagues, and external organizations.
sible for internal intellectu-
systems, intelligent detection equipment for hazard- low-emission warehousing equipment, optimized
al property compliance
ous chemical leaks, and digital emergency response transportation route algorithms to reduce energy
reviews, infringement
plan library, establishing a full-cycle safety protection consumption, and developed hazardous waste monitoring, rights protec-
network covering "pre-incident warning, in-incident resource utilization technologies to drive the low-car- Patent management team tion case handling, and
response, and post-incident traceability". bon transformation of the chemical and new energy The team includes R&D personnel responsible for intellectual property risk
supply chain. patent mining, as well as sta? handling daily intel- prevention and control.
lectual property a?airs such as application
Innovating safety monitoring and controlling technology system Iterating green logistics solutions
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Quality Services: Optimizing Customer Experience
Intellectual Property Incentive Mechanism
Provided that the basic annual requirements are met (20 software copyrights, 3 utility model patents, and 1 invention
patent granted within the year)
Milkyway adheres to a customer-centric approach, continuously improving its service governance system, enhancing service
the Company o?ers a reward of RMB RMB and RMB quality, and optimizing customer experience. Through standardized processes, full-process control, digital empowerment,
and global expansion, the Company builds an e?cient, safe, and professional chemical and new energy service system,
steadily strengthening customer loyalty and brand in?uence.
per software copyright applications per application for utility model patents per invention patent application (upon approval)
Additional rewards of up to RMB Furthermore, the applicant's performance is directly propor- Governance
tional to the inventor's performance, calculated at a ratio of
per patent may be applied for if commercial application is achieved
%
The Company has established a robust customer service management system, formulating internal policies such as the Cus-
tomer Service Quality Standards. These comprehensively regulate pre-sales, in-sales, and after-sales service processes, clari-
fying service benchmarks, response timelines, and quality requirements. Through institutionalized and process-driven man-
agement, the Company ensures consistent delivery of service quality, continuously elevating customer satisfaction and
brand reputation.
Management Measures
External Certi?cations
Full lifecycle intellectual property Risk prevention and control
management mechanism
Employees are required to sign the Intellectual Prop-
Conduct ownership and feasibility veri?cation before erty Management Commitment and Con?dentiality
initiating technological innovation, product R&D, and Agreement upon onboarding, clearly stipulating
other projects to avoid redundant development and non-compete clauses and compensation terms to
intellectual property disputes. Upon project comple- strengthen the protection of trade secrets and core
tion, promptly ?les patent applications for technical technologies.
achievements such as inventions and utility models,
register trademarks and copyrights to con?rm rights,
clarify ownership and scope of protection, and estab-
lish a regular maintenance mechanism to track patent Intellectual property training
validity periods and ensure timely payment of annual Huizhou Milkyway Huayitong Nanjing Milkyway Chemical
fees, maintaining continued validity of rights. The Legal Supervision Department organizes annual
Transportation Co., Ltd. Supply Chain Service Co., Ltd.
Obtained the Crown Certi?cation Quality Obtained the ISO9001 Quality Management
specialized intellectual property training covering Management System Certi?cate System Certi?cation
compliance requirements, risk warning, and infringe-
ment handling to enhance IP awareness among all
Digital empowerment
employees.
Develop a digital patent management platform to
enable dynamic information management, real-time Note: Due to the large
monitoring, and e?cient operation and maintenance. number of certi?cates,
Rights protection measures only a selection of subsid-
iary certi?cations are
A diversi?ed, tiered rights protection system has been listed above.
established. Infringement cases are addressed
progressively through negotiation, administrative
complaints, arbitration, civil litigation, and criminal Milkyway Shanghai Lingxing Shanghai Milkyway Chemical
Hazardous Chemical Logistics Co., Ltd. Storage Co., Ltd.
liability pursuit to safeguard the Company's legitimate
Obtained the ISO9001 Quality Management Obtained the NOA Testing & Certi?cation - ISO9001
rights in innovation achievements. System Certi?cation Quality Management System Certi?cation
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Customer Communication Mechanism Strategy
The Company systematically identi?es and assesses risks and development opportunities related to service quality, imple-
The Company has established an integrated online-o?ine customer communication channel to facilitate feedback collection,
ments dynamic monitoring and precise responses to ensure stable business operations and continuous optimization of cus-
demand research, and complaint handling, achieving e?cient interaction, rapid response, and closed-loop management.
tomer experience.
Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response
A customer service hotline and WeChat communication tunity Type Description Occurrence of Impact Financial Impact Measures
groups directly connecting customers with management
Increasingly stringent domestic Revenue
Online have been set up, enabling immediate submission of evalua- and international chemical decline due Monitor policy changes dynami-
tions, suggestions, and complaints for swift service adjust- Customer
transportation regulations (e.g.,
cally, track updates to relevant
High to ?nes and
EU REACH, China's new hazard- Long-term
ments and improvements. churn market laws and regulations, and ensure
ous chemical regulations) may
access strict compliance
raise compliance costs or lead
to business restrictions. restrictions
Risks
The Milkyway Club has been established to regularly orga-
Customer complaints due to
nize member activities to share business progress, facilitate logistics delays, cargo damage, 1. Establish a real-time monitoring
Compensa-
O?ine industry exchanges, and enhance customer engagement or lack of transparency may system
Short to tion
Customer lead to contract termination or Medium 2. Optimize customer feedback
and long-term loyalty. legal disputes. Chemical trans-
medium payments,
response mechanisms
complaints
term reduced 3. Conduct regular safety training
portation safety risks (e.g.,
leaks) can severely damage pro?ts and compliance audits
brand reputation
Leverage AI and big data analyt-
Customer Complaint Handling Mechanism
Cost 1. Increase investment in techno-
Digital ics to optimize logistics routes,
High Medi- reduction logical R&D to drive the Compa-
service predict customer needs, and
um-term and pro?t ny's digital transformation
Opportunity
upgrades enhance service e?ciency and
increase 2. Develop customized systems
customer experience
In handling complaints, the Company adheres to the principles of timely response, clear accountability, full documentation,
and closed-loop management, establishing a standardized resolution mechanism. Leveraging the Belt and Road
Market share local logistics providers
Initiative to establish overseas
Global 2. Establish a multilingual custom-
warehouses and localized Medium growth and
customer Long-term er service center
teams, supporting Chinese revenue
network 3. Participate in international
chemical enterprises going increase chemical industry exhibitions to
Documentation is maintained global
promote brand
through Complaint Handling
Report or OA system. For mat-
ters involving cross-depart-
mental coordination, the
Impact, Risk, and Opportunity Management
Standardized Safety Supervision Department
handling takes overall responsibility for
Complaints must be coordination.
reported and addressed Risk control process Customer service training
on the same day. If reso-
The Company places high importance The Company implements standardized and systematic
lution cannot be com-
on service-related risk control. Through customer service training to comprehensively enhance
pleted within the day, Rapid
e?ective implementation of risk identi- employees' professional competence and service aware-
progress updates must response Customer complaints, response
?cation, risk assessment, risk monitor- ness: New employees undergo a three-tier onboarding
timeliness, reconciliation accura-
be promptly communi- ing, and risk response measures, it training covering communication skills, service etiquette,
cated to avoid delays or
Performance cy, and order compliance are
promptly addresses various risk issues. and issue resolution, and can only take up their posts
evaluation incorporated into KPI assess-
buck-passing. This ensures smooth business opera- after passing the assessment; Annual "Seal" Training is
ments, with quantitative deduc-
tions, continuously enhances customer conducted, supplemented by monthly departmental the-
tions and accountability tracing to
satisfaction, and supports the steady matic workshops to continuously strengthen service
drive continuous service quality development of the Company. capabilities and risk awareness.
improvement.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Metrics & Targets External Certi?cations
The Company establishes clear, quanti?able service quality objectives to drive continuous service capability improvement.
By the end of 2025, subsidiary Anhui Huayiyun Supply Chain Management Co., Ltd. obtained the Level 3 Huayiyun Network
Freight Platform System Filing Certi?cate, while Shanghai Milkyway Chemical Logistics Co., Ltd. obtained the Data Manage-
ment Capability Maturity Level 2 Certi?cate.
Feedback timeliness rate >98%
All targets achieved
Target
Safety & quality incident rate =0
Customer complaint rate <0.1%
Anhui Huayiyun Supply Chain Shanghai Milkyway Chemical
Management Co., Ltd. Logistics Co., Ltd.
Information Security: Safeguarding Data Privacy
Obtained the Level 3 Huayiyun Network Freight Obtained Data Management Capability
Platform System Filing Certi?cate Maturity Level 2 Certi?cate
Milkyway strictly complies with national laws and regulations, fully integrating information security and data privacy protec-
tion into business processes. The Company continuously improves its management system to e?ectively safeguard the infor-
Strategy
mation assets of both the Company and relevant stakeholders.
The Company integrates information security into its overall development strategy, systematically identi?es, assesses, and
dynamically responds to risks and opportunities to ensure stable business operations and secure digital development.
Governance
Information Security Governance
Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response
tunity Type Description Occurrence of Impact Financial Impact Measures
The Company has established a robust information security governance framework. It has formulated a series of policies, cybersecurity prevention system
and conduct regular security
Cybersecurity incidents such
Risks
including the Information Security Management System, Information Security Safeguards, and Information Security Incident assessments
Informa- as cyberattacks and data Cost 2. Implement tiered and classi?ed
Management Measures, providing standardized and normative management guidelines. Meanwhile, the Company estab- breaches may lead to the
tion Low Medium to increase and data management to strengthen
exposure of corporate and
lished a dedicated Information Intelligence Department to coordinate internal and external data security incident response, security long term revenue data governance capabilities
customer data, adversely
risks decline 3. Develop emergency response
handling, and post-mortem analysis, achieving closed-loop management across the entire process of risk identi?cation, con- a?ecting normal operations
plans for information security
and market reputation
trol, response, and improvement. incidents to enhance the Compa-
ny's emergency response capabili-
ties and e?ciency
Data Security Governance
Opportunity
Technolog- 1. Increase investment in informa-
The application of technologies
tion technology to improve data
ical such as cloud computing and
The Company has developed a systematic data governance framework, implementing internal policies such as the Informa- processing and analytical capabili-
develop- big data analytics can enhance High Medium to Cost
tion Sharing Compliance Policy, Data Migration Policy, Data Security Protocol Standards, Data Classi?cation and Tiering ties
ment data processing e?ciency and long term reduction
business operational e?ciency
Management Policy, and Data De-identi?cation and Anonymization Guidelines. These policies ensure standardized full-pro- opportuni- service providers to ensure data
ties while reducing operating costs
security
cess management of data collection, transmission, storage, usage, sharing, and disposal, with strict enforcement of access
controls, desensitization procedures, and operational audits to mitigate leakage risks and ensure compliant operations.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Impact, Risk, and Opportunity Management Security Awareness Cultivation
Full-process Risk Management The Company regards personnel awareness as the ?rst line of defense. The Company institutionalizes information security and
data protection education through internal campaigns, thematic training, and case studies. Training covers foundational security
knowledge, regulatory compliance, access management, emergency response, and real-world case analyses, strengthening all
employees' capabilities in risk identi?cation, compliant operations, and proactive protection to build robust security across all
The Company systematically collects and analyzes internal and external security infor-
Risk mation on a regular basis to continuously identify potential threats and vulnerabilities,
personnel, domains, and processes.
identi?cation ensuring the timeliness and foresight of risk identi?cation.
Emergency Incident Management
For identi?ed risks, the Company conducts a combined qualitative and quantitative
Risk analysis and assessment to determine their likelihood of occurrence, potential impact
assessment scope, degree of business loss, and duration of e?ects. This provides a scienti?c basis for In accordance with the Information Security Incident Management Measures and Emergency Response Plan, the Company has
risk classi?cation and priority ranking. established a comprehensive emergency response mechanism covering monitoring and early warning, emergency handling,
investigation and assessment, review and improvement, as well as drill and support. The Information Intelligence Department
organizes annual emergency training and drills to ensure regular coverage of critical business systems, continuously enhancing
The Company deploys monitoring and detection systems, vulnerability scanning platforms, and
Risk other tools to conduct continuous security monitoring and vulnerability scanning of operating the team's capabilities in rapid response, coordinated handling, and recovery and reconstruction.
monitoring systems, databases, application systems, and network protocols. It also implements real-time detec-
tion and early-warning for intrusions and abnormal behaviors to achieve dynamic tracking of risks.
Metrics & Targets
The Company has established a multi-layered and systematic set of risk response and
Risk protection measures, including data backup and recovery systems, physical and network The Company sets clear objectives and quanti?able metrics across dimensions such as vulnerability management, access control,
response ?rewall isolation, and information security incident emergency response plans. data encryption, backup and recovery, and incident prevention, aiming to continuously improve security protection levels.
Target
Technical Protection System
Security incidents Establish and maintain e?ective Enhance data Number of System security
caused by system data access control and audit recovery and disaster data breach scanning
vulnerabilities mechanisms recovery capabilities incidents frequency
The Company has continuously enhanced its information security management capabilities by deploying a multi-layered techni-
Strengthen Develop strict data access con- Continuously improve the Decreased No less than
cal protection system, establishing a comprehensive security safeguard network that covers monitoring, defense, and response. vulnerability trol policies based on data backup and disaster compared to once per
management role-based and least privilege recovery system to enhance the previous month;
Comprehensive monitoring and early warning comprehensively principles to ensure sensitive data recovery e?ciency and year. Data backup
Leveraging advanced monitoring, detection, and vulnerability scanning systems, to ensure nosecuri- data is only accessible to autho- business continuity capabili- Sensitive success rate
the Company achieves 24/7 continuous monitoring and dynamic early warning of ty inc i d e n t s rized personnel. Implement a ties, ensuring critical data data >99%.
cybersecurity risks, ensuring potential threats are promptly identi?ed and alerted.
caused by system comprehensive data access can be restored and opera- encryption
vulnerabilities audit mechanism to achieve tions can resume within the coverage
Defense in-depth system
occur throughout traceability and monitoring of shortest possible time in the >98%;
Through systematic deployment of situation awareness and tra?c analysis
the year; all data operations; event of data loss or disas-
platforms, Web Application Firewalls (WAF), physical and logical ?rewall isola-
tion strategies, and end-to-end HTTPS encryption, the Company has estab- ters;
lished a defense in-depth system spanning from network perimeters to appli-
cation cores, and from data transmission to static storage, comprehensively
safeguarding data con?dentiality, integrity, and availability.
Target Achievement Status
Process-driven emergency response
The Company has developed systematic incident management protocols and stan-
dardized emergency response procedures (SOP) to ensure rapid response and During the reporting period, the Company experienced no data security breaches or customer privacy breach incidents.
e?ective mitigation during security incidents, minimizing the impact of security
risks on business operations.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Responsibility Dimension
Forging Ahead Together to Draw a Blueprint for a
Harmonious Society
Milkyway considers talent as its core capital, actively fostering a diverse,
inclusive, and growth-driven workplace ecosystem. Adhering to the prin-
ciple of "safety ?rst," the Company treats occupational health and pro-
duction safety as its lifeline, strengthening defenses through digital
management. It deepens responsible procurement mechanisms, collab-
orates with partners to build a green supply chain, and actively engages
in social welfare initiatives, demonstrating corporate responsibility
through concrete actions. Milkyway is committed to achieving the har-
monious integration of corporate value and social well-being through
collective e?orts.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Equality and Diversity: Strengthening Rights Protection Diversity & Inclusion
Diverse Recruitment
Milkyway adheres to the employment philosophy of diversity, equality, and inclusion. We strictly comply with applicable labor and
employment laws and regulations, comprehensively safeguard employees' legitimate rights and interests, actively foster a fair,
respectful, and barrier-free workplace environment, and provide equal employment opportunities and career development sup- The Company actively promotes workplace diversity and inclusion through parallel initiatives in both infrastructure and employ-
port for all groups. ment policies. Every ?oor of the Company's global headquarters is equipped with accessible restrooms, e?ectively ensuring con-
venience for employees with disabilities in their daily work. In 2025, the Company hired nearly 30 employees with disabilities and
Compliant Employment concrete actions.
The company strictly adheres to relevant laws and regulations such as the Labor Law of the People's Republic of China and the
Labor Contract Law of the People's Republic of China, as well as international labor standards. It has established and implemented
corporate policies and guidelines for compliant employment. Speci?cally, the Company has formulated the Sustainable Develop- Prohibition of Child Labor
ment Management Measures, which outline six principles and management objectives covering employee recruitment, health and
safety, remuneration, and bene?ts. These measures standardize employee management and ensure compliance, fairness, and
transparency in recruitment processes. The Company upholds the bottom line of labor compliance, strictly prohibits child labor, and opposes any form of forced labor,
e?ectively safeguarding the legitimate rights and interests of workers. The Company explicitly prohibits the employment of minors
Meanwhile, the Company continuously expands recruitment channels through its o?cial website, mainstream job platforms, under the age of 16 and requires all partners to comply with anti-child labor regulations. If any supplier or partner is found to
campus recruitment, internal referrals, and other methods to attract diverse talent. It has developed a systematic and professional employ child labor during cooperation, the Company will immediately terminate the partnership.
recruitment and hiring management system, providing strong support for talent recruitment and development.
In recruitment and onboarding management, the Company strictly implements identity veri?cation, background checks, and age
validation, and other procedures. Through multiple mechanisms including interview screening, ID veri?cation, and system
red-line controls, the Company eliminates the risk of child labor from the source. In special circumstances such as unintentional
child labor employment, the HR and employment department will strictly follow the Labor and Human Rights Management
tions.
ensuring all employees establish labor relations on a voluntary basis. During the reporting period, the Company achieved a 100%
By age employee contract signing rate, with no incidents of illegal activities such as child labor or forced labor. The labor compliance and
By gender
human rights protection system operated e?ectively.
Male Female Master's Degree Bachelor's Degree Below Bachelor's Degree
background By region
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Anti-Discrimination and Anti-Harassment Protection of Women's Rights
To ensure compliance and fairness in recruitment processes and protect equal employ-
ment rights for employees of diverse backgrounds, The Company has established an
The Company upholds the principles of fair employment and equal treatment, strictly prohibiting
anti-discrimination and diversity management system, explicitly prohibiting discrimina-
any form of discrimination throughout the entire employment lifecycle,including recruitment,
employment, and termination, based on gender, age, marital status, pregnancy, race, appear- tory clauses based on gender, age, region, disability, etc., in recruitment processes. It
ance, nationality, disability, religious beliefs, or other factors. We are committed to safeguarding sets diversity recruitment targets, such as the proportion of female hires and job adapta-
the dignity and legal rights of all employees. tion requirements for employees with disabilities. The Company has set up moth-
er-and-baby rooms nationwide to provide comfortable spaces for breastfeeding and
implemented maternity/paternity leave policies, and we also provide comfortable space
The Company strictly prohibits any form of harassment, humiliation, or intimidation, including for their children to study, ensuring female employees can balance work and life while
physical, verbal, written, or gestural conduct, as well as any inappropriate behavior with sexual
fully realizing their potential in the workplace.
undertones or demeaning intent. We strive to foster a fair, respectful, harmonious, and safe work-
ing environment. Additionally, the Company places high importance on employee privacy protec-
Democratic Management
tion and standardizes the management of sensitive information such as physical examination
reports, which cannot be accessed without employee consent. Discussions, leaks, or discrimina-
tion of employees' privacy and physical conditions are strictly forbidden.
Taking into account the characteristics of the chemical logistics industry and the actual needs of employees, the Company contin-
uously improves its democratic management system and organizational structure. The trade union maintains a sound organiza-
The Company has established smooth reporting channels, encouraging employees to report tional framework and conducts leadership transitions in accordance with the law. Employee representatives cover core frontline
violations such as discrimination, harassment, humiliation, or intimidation through suggestion positions such as warehousing, transportation, and distribution, ensuring e?ective communication of grassroots sta? concerns.
boxes, hotlines, or other means. All reported matters are kept strictly con?dential, thoroughly The trade union diligently ful?lls its rights protection and oversight functions:
investigated, and handled in accordance with policies. For employees who have su?ered harm,
the Company promptly implements protective measures, emotional support, psychological coun-
seling, and necessary ?nancial assistance to help them resume normal work and life, continuously Strengthening labor safety and health supervision: Focusing on high-risk areas like long-distance
fostering a healthy, inclusive, and caring workplace ecosystem.
driving, outdoor operations, and cargo handling, the union promotes the improvement of safety
training systems, improving PPE allocation, optimizing work procedures, and leading specialized
safety inspections and emergency drills to ensure e?ective implementation of occupational health
Anti-Forced Labor
Protecting employees' economic rights and interests: The union actively participates in the negoti-
ation and revision of compensation and bene?t systems, helping to establish more reasonable perfor-
The Company strictly adheres to labor compliance requirements and solemnly commits to respecting employees' freedom of mance evaluation and incentive mechanisms.
employment, ?rmly opposing and eliminating any form of forced labor. The Company does not recruit employees for debt repay-
ments or compel employees to sign unreasonable contracts or engage in work against their will on the basis of debt. Upon hiring,
the Company strictly prohibits practices such as collecting deposits or con?scating identi?cation documents, fully safeguarding
Improving working and living conditions: The union promotes the solution of practical di?culties
employees' personal and property rights.
such as the upgrading of facilities at drivers' rest stops and heatstroke prevention for warehousing
employees. It organizes multiple c such as "sending coolness" in summer and "sending warmth" in
During employment, the Company comprehensively prohibits forced labor. Overtime work follows the principle of voluntariness, winter, enhancing team cohesion.
and employees are never coerced through violence, threats, or unlawful restrictions on personal freedom. The Company ensures
employees' freedom to use restrooms and drink water during work hours, as well as their right to leave normally after shifts. Physi-
cal punishment, unlawful ?nes, or other disciplinary measures are strictly forbidden.
Moving Forward Together: Partnering with Talent
The Company signs labor contracts with all employees on the basis of equality, voluntariness, and mutual agreement, with each
party holding one copy, and ful?lls rights and obligations in accordance with the law. The Company fully respects employees' free-
dom to resign. Probationary employees can submit resignation applications in writing three days in advance, and regular employ-
ees 30 days in advance, all of which are handled in accordance with regulations, safeguarding employees' legitimate rights to inde- Milkyway consistently regards talent as the core driver of development. Through a systematic "selection, cultivation, utilization, and reten-
pendent career choice. tion" mechanism, it builds a competitive and caring talent ecosystem, achieving mutual growth for both the Company and its employees.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Development and Training Training Management
The Company has placed high priority on the introduction and cultivation of international, high-caliber, and leading talented mind,
The Company regards employee growth as a crucial cornerstone of sustain-
and in line with the unique attributes of the chemical logistics sector, has tightened assessment of safety quali?cations and profes-
sional competencies during recruitment for core roles covering hazardous chemical transportation and warehousing, while consis- able development, committed to building a systematic and diversi?ed
tently delivering application-oriented professional talents to the industry through targeted school-enterprise collaborative training talent cultivation system. By formulating and implementing the Personnel
programs. It has also actively responded to the national call for ensuring stable employment, expanding the recruitment quotas of and Administrative Management System, the Company systematically
interns and management trainees to create more job opportunities for young people. enhances organizational vitality and depth of its talent pool. Through
mechanisms such as training, practical mentorship, and lifelong learning, it
With talent as the core driver of development, the Company has established a diversi?ed incentive system combining monetary actively fosters a cultivating organization, strongly supporting strategy
rewards, equity incentives, and honorary recognition. This aligns contributions with rewards, enhances employee engagement, and implementation and sustainable development. Also, driven by advanced
fosters mutual growth between the Company and its employees. culture, scienti?c systems, and digital tools, the Company focuses on build-
ing a talent team with a global vision, cultural cohesion, and diverse capa-
bilities, continuously empowering business development and facilitating
Career Development Paths the comprehensive achievement of corporate strategic objectives.
The Company has established a dual-track promotion system centered on man- Diversi?ed Training Initiatives
agement and professional capabilities, opening up career progression channels for
non-managerial roles in business, technology, safety, and other ?elds. It imple- Digital training system
ments a globally uni?ed MDT position level standards, providing employees with
clear and predictable career development paths. During the reporting period, 98%
Adhering to the development philosophy of "integrating training into culture and leveraging talent to sup-
of employees regularly participated in performance and career development eval-
port strategy," the Yanji Academy serves as the core platform. It establishes a digital training system that
uations. Through the annual business recognition conference, the Company incen-
covers all employees, scenarios, and cycles, fostering a cultivating organization and a global talent pipeline.
tivizes teams and individuals who excel in innovation, technology, business,
regional expansion, and other areas, fostering a culture of excellence and healthy Milkyway Holds 2025 Annual Business In 2025, mentors completed certi?cation to guide newcomers in their integration, while senior
Recognition Conference instructors contributed to cadres training programs. The Yanji Academy gathers internal professional
competition.
experience and builds an independent learning platform. It currently o?ers internal courses and
Employee Career Development Paths and Promotion Channels
nearly external general courses, spanning strategy and practical skills, to support employee
growth with abundant resources.
Track Onboarding Cultural Training On-the-Job Training Cadres (Talent) Development
Employee indoctri- Wolf Warrior/- Yulinwei Training Personalized development path
nation training Seal Program Camp (Level 2)
CEO development program
(including sales)
Management
Integrate business with multi-dimensional performance tools (KPI+OKR) and sharing mechanisms, foster an
Onboarding training
Cadres indoctrina- Jinyiwei Growth entrepreneurial culture, and build elite teams, forging a robust and resilient organizational foundation;
tion training Zijin Program Camp (Level 1) Enhance the depth of its talent pool through talent development programs like the Yulinwei, Jinyiwei, Jinwuwei
camp programs, and CEO program, with strengthened process tracking;
Establish competency models for key positions and formulate personalized talent development plans through
talent inventory assessments.
Jinwuwei Transfor-
Cultural re?ection Elite Program mation Camp (VP) Collaborate with top-tier institutions such as CEIBS to conduct cutting-edge exchanges, focusing on globalization
and intelligence to empower the growth of core talents.
craftsman
Technician/-
Encourage employees to obtain professional quali?cations and skill certi?cations, continuously enhancing their
Selection of master professional capabilities and management pro?ciency.
craftsmen and experts
Same as above Same as above based on practical
experiences and
self-cultivation
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Training System Architecture
Typical Case Indoctrination Training
Onboarding training (Mandatory course)
newly appointed cadres, with a total participation of 291 attendees. The training duration was 1.5 days for
Level 1: Onboarding guidance + HR/Administra-
employees and 3.5 days for cadres. The cultural indoctrination training not only helped participants deeply
tion/Finance/IT policy training.
understand the corporate culture, but also provided cross-departmental communication and presentation
Cultural Training (Mandatory course)
Level 2: Safety training, covering chemical and basic 2 opportunities, guiding new employees toward self-motivation through cultural immersion.
safety knowledge + accident complaint handling pro- Indoctrination Program: A mandatory course for all
cedures. new employees to complete within their ?rst year,
designed to facilitate rapid integration and familiarity
Level 3: On-the-job training, including management with the company.
systems/job responsibilities & operations/system
operations/business practices, to master job-speci?c Cultural Reforging: Combined with team-building
skills. and professional training to reshape corporate culture
identity, eliminate interdepartmental barriers, and
enhance employee belonging.
Cultural Re?ection: The executive team re?ects on
corporate culture to achieve deeper integration, elimi-
nate barriers between business divisions, reinforce
On-the-Job Training (Mandatory course)
trust, and strengthen a sense of belonging.
Employee Development Programs: Wolf Warrior
Typical Case Quarterly new cadres intensive training (professional skills training)
Training, SEAL Training.
Cadres Development Programs: Zijin Program, Elite Cadres (Talent) Development In 2025, the Company organized quarterly intensive training for new cadres, featuring in-person instruction
Program.
Yulinwei Training Camp (Level 2): Identify candi- on the Sixth Five-Year Plan, intelligent management system, market value management and investment,
dates from employee indoctrination training to receive as well as ?nancial/personnel/information/security management systems and implementation require-
Haibao (Seal) training, then select the quali?ed candi- ments. The training e?ectively enhanced new cadres' understanding of corporate strategy, cultivated their
dates for Yulinwei Training Camp theoretical and practical capabilities, and equipped them with knowledge in organizational management,
investment budgeting, marketing, safety technological innovation, and other ?elds.
Jinyiwei Growth Camp (Level 1): Identify candidates
from cadres indoctrination training to receive Zijin
Knowledge & skills sharing (Elective courses)
Knowledge Sharing: Academy Lectures, Reading for Jinyiwei Growth Camp
Clubs, BOSS Talks, Tiger Sni? Collection, Learning
Clubs, etc. Jinwuwei Transformation Camp (VP): Identify can-
didates from cultural re?ection training to receive Elite
Skills sharing: Supporting departmental policies and Program training, then select the quali?ed candidates
business expertise sharing. for Jinwuwei Transformation Camp
CEO Development Program: Fast-track talent culti-
vation with mentorship from the Chairman and VP,
adopting an elimination mechanism
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Milkyway Skills Competition Events across Business Regions Additionally, the Company has enhanced its employee stock ownership platform, expanding coverage to core technical and mana-
gerial sta?. Aligned with position value and market benchmarks, an "excess pro?t sharing plan" has been implemented for key roles
to incentivize higher performance and align employees' long-term interests with the Company's.
Welfare Bene?ts
Basic bene?ts
The Company provides statutory social insurance and housing fund (?ve social insurances and
one housing fund) as required by national regulations, supplemented by commercial insurance,
holiday bene?ts, and diverse welfare protections. These include housing provident fund, anni-
versary gifts, seniority allowances, and living subsidies. Through a tiered, position-based subsidy
package, the Company has e?ectively improved employees' quality of life while enhancing their
sense of belonging and job satisfaction.
For frontline operational and transportation roles, the Company provides additional specialized
bene?ts such as high-temperature allowances and night shift premiums. Outdoor workers are
Warehousing and Packaging Division Fire?ghting Competition
equipped with professional protective gear, safeguarding employee rights while e?ectively
reducing occupational health risks.
Working hours
Remuneration and Bene?ts
The Company implements standard working hours, with reasonable schedules tailored to job
The Company has established a scienti?c, fair, and incentive-driven remuneration and bene?ts system, committed to providing characteristics and operational needs. Non-?xed positions follow legally compliant ?exible work
employees with comprehensive material support and humanistic care, supporting their professional growth and improvement of arrangements, supported by a quality-focused performance evaluation system. The Company
their quality of life. promotes e?cient work and discourages unnecessary overtime. When overtime is required, it
strictly follows voluntary principles while enforcing controls: weekly working hours not exceed-
ing 60 hours, no more than 6 consecutive working days, and mandatory rest on the 7th day.
Remuneration Incentive Mechanism Overtime pay is calculated and disbursed in full compliance with national laws and regulations.
The Company has developed a robust, standardized, and competitive compensation incentive system, continuously optimizing the Rest and leave
internal MCP system and payroll platform to achieve 100% accuracy and timeliness in salary disbursement. System veri?cation and
monthly audits are carried out to ensure compliance with operational mechanisms. The Company implements a compensation The Company strictly complies with national laws and regulations to provide employees with
system based on job value, integrating performance and market wages. Remuneration grades are determined by considering indus- statutory paid leave, including public holidays, annual leave, marriage leave, maternity leave,
try standards, regional pay levels, job attributes, employee capabilities, work contributions, and educational background, adopting breastfeeding leave, parental leave, bereavement leave, and sick leave.
a di?erentiated, equitable, and competitive compensation strategy.
Meanwhile, adhering to the "created by employees, shared by employees" distribution philosophy, the Company o?ers mar-
ket-competitive remuneration based on position and skill di?erences. Through diversi?ed incentives such as base salary, perfor- Employee Care
mance bonuses, quarterly awards, and annual bonuses, it allows employees to share the fruits of the Company's development.
Combined with promotions and position adjustments, we have established a regular salary growth mechanism to fully stimulate The Company has established a systematic and people-oriented employee care system, fostering a respectful, warm, and cohesive
employee motivation and creativity. organizational atmosphere through regular communication, hardship assistance, and cultural initiatives.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Multi-channel Communication Safety First: Safeguarding Employee Health
The Company has established a systematic communication mechanism covering key career milestones for employees, ensur-
Milkyway strictly complies with the Work Safety Law of the People's Republic of China, the Occupational Disease Prevention and Control
ing smooth information ?ow and timely feedback. Law of the People's Republic of China, and other relevant laws and regulations. The Company upholds the bottom line of safe development,
establishes a systematic occupational health and safety management system, and comprehensively safeguards employees' life safety and
physical and mental health. It has been continuously cultivating its industrial workforce, and scaling up all-round training for its ?re control
During onboarding probation, job transfers (promotions/demotions), and resig-
Milestone team covering hazardous chemical emergency rescue drills and professional skill upgrading, to ful?ll its corporate social responsibility com-
communica- nation phases, the HR department and direct supervisors conduct targeted
tion mitment of making society safer and supply chains more e?cient.
discussions on issue resolution, career planning, and resignation reasons.
Governance
Welcome ceremonies are held for senior management appointments, while fare-
The Company has established a safety management organizational structure with clearly de?ned responsibilities and e?cient
Ceremony well gatherings are organized for retiring employees, conveying respect and
collaboration, and set up a safety supervision division to oversee its work safety.
warmth.
Work Safety Governance Structure
The Chairman, Vice President, and General Manager regularly conduct
Senior
management one-on-one discussions with key personnel, focusing on work status, challenges,
dialogue
and suggestions to facilitate two-way communication and support.
Legal and Compliance Supervision Undertake the partner quali?cation review, on-site inspection, and contract and
Committee (under the Safety litigation management, as well as supervise the employee's professional ethics
Supervision Department) and compliance bottom lines.
A dedicated employee feedback platform is established via the Enterprise WeChat
Feedback Colleague Forum, enabling direct communication from frontline sta? to senior Oversee the formulation of QHSE systems, the development of risk control
channel Work Safety & systems, the full-process risk management of product names, the ESG and
management, promoting transparency, knowledge sharing, and collective progress. Compliance Empower-
carbon reduction management, the annual work safety plans and budgets,
ment Department
and provide guidance to all work safety technology departments in their work.
Undertake the work safety implementation, risk control, training and
Work Safety inspection, and accident investigation across business segments (truck
Technology
transportation/factory warehousing/freight forwarding and distribu-
Employee Assistance Program Department
tion/shipping tank containers) and regional companies.
External Certi?cations
The Company has established a systematic and long-term assistance mechanism for employees in need, continuously convey-
ing corporate warmth. The labor union has long implemented the "Winter Sunshine Assistance Program," focusing on sup-
porting special employee groups such as those with serious illnesses or family di?culties. In 2025, the dedicated assistance
fund exceeded RMB 100,000, with cumulative investments nearing RMB 2 million, e?ectively alleviating employees' ?nancial During the reporting period, the Company and nine subsidiaries obtained the ISO45001 Occupational Health and Safety Man-
pressures and safeguarding their basic living standards and health security. agement System certi?cation, while 13 subsidiaries received the Work Safety Standardization Certi?cate.
Recreational Activities
The Company enhances organizational vitality and cohesion through diverse recreational and thematic activities, including
skills competitions and sports events, to improve employees' comprehensive competencies. On the occasion of the Compa-
ny's 27th anniversary, the 8th "Little Logistician" parent-child activity was held. Through on-site observation, hands-on equip-
ment experience, and emergency drills, enhancing the emotional bond between employees' families and the Company. In
atmosphere of a learning-oriented organizational culture. This helps to support employees' continuous growth, and build a Transportation Co., Ltd. Chain Management Co., Ltd. and Transportation Co., Ltd.
obtained the Crown Certi?cation for Occupational received the Work Safety Standardization Certi?cate obtained the Work Safety Standardization Certi?cate
harmonious, warm, and progressive workplace ecosystem. Health and Safety Management System. for Transportation Enterprises (Level III). (Level III - Road Transportation of Hazardous Goods).
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Occupational Health Risk Identi?cation and Control Process
Note: Due to the large
Hazard Identi?cation Hazard Investigation Emergency
number of certi?cates, and Evaluation and Management Response Plan
only a selection of subsid-
iary certi?cations are In accordance with the Occu- Historical hazard warning: Before order execution, Develop the General
listed above.
pational Disease Prevention the system automatically matches and calculates Emergency Response
and Control Law of the Peo- potential hazards such as historical accidents/com- Plan and continuously
ple's Republic of China and the plaints/litigations/near-miss incidents based on optimize emergency
Shanghai Milkyway Chemical Nanjing Milkyway Chemical Supply Shanghai Milkyway Chemical
Logistics Co., Ltd. Chain Service Co., Ltd. Storage Co., Ltd. Classi?cation Catalogue of business categories/partner names and other response procedures to
obtained the Work Safety Standardization obtained the ISO45001 Occupational obtained the ISO45001 Occupational Occupational Disease Hazard dimensions, providing early warnings. ensure swift and proper
Certi?cate (Level III - Road Transportation of Health and Safety Management System Health and Safety Management System
Hazardous Goods). certi?cation. certi?cation. Factors, the Company conducts Hazard identi?cation recording and noti?cation: handling, minimizing or
workplace identi?cation cover- During order execution, hazards related to person- avoiding losses. In 2025,
ing chemical substances, high nel, environment, equipment, and business opera- the Company conduct-
temperature, noise, and occu- tions are identi?ed through manual self-inspections ed 170 safety emergen-
Strategy
pational motor vehicle driving, or automated system checks. Those hazards are cy drills.
and issues the Hazard Identi?- recorded and noti?ed. Inspection methods include
cation and Evaluation Form. IVMS, IOT, MCP AI, and on-site inspections.
The Company comprehensively identi?es and assesses workplace safety hazards and health risks, implements precise preven-
tion and control measures with dynamic management, while seizing opportunities for management enhancement to strength-
en the foundation of safe operations.
Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response Occupational Health Management Measures
tunity Type Description Occurrence of Impact Financial Impact Measures
In the event of an occupa- Establish standardized proce-
tional health or work safety dures for hazard identi?cation, The Company adheres to an employee-oriented approach, implementing systematic protective measures to ensure both
accident, the Company's prevention and corrective
physical and mental health.
Risks
operational e?ciency may Short to Increased governance, and take measures
Operation- Low
decline. In severe cases, busi- medium Operational such as hazard identi?cation,
al Risks
ness operations could be term Costs enhanced protective facility
disrupted, requiring substan- maintenance and regular Occupational Health
tial ?nancial resources for inspections to mitigate poten- Occupational Hazard Prevention and Safety Education
accident resolution. tial risks.
Prominently display warning signs and instructions at workplaces Provide pre-job and on-the-job occu-
with severe occupational disease hazards; pational health training to employees,
Optimizing occupational
health and safety manage- Enhance management e?cien-
Install alarm devices and provide ?rst-aid supplies in workplaces covering the dissemination of occupa-
prone to acute occupational injuries; tional health knowledge, explanation
Opportunity
ment processes and properly cy through the introduction of
handling related matters can advanced equipment and Establish the Personal Protective Equipment (PPE) Management of occupational disease prevention
Manage- enhance the Company's digital management initiatives, Regulations to equip employees entering hazardous work environ- laws and regulations as well as inter-
High Medium to Cost
ment overall management e?cien- and develop accident emergen-
long term Reduction ments with protective gear; nal policies, and guidance on the
E?ciency cy, reduce the incidence of cy response plans to improve
occupational health and emergency handling e?ciency. Conduct regular inspections, maintenance, and servicing of protec- proper use of occupational disease
safety accidents, and mini- tive facilities. prevention equipment and supplies.
mize accident response time
and costs.
Occupational Health Occupational Health Employee Mental
Incident Handling and Safety Education Health Protection
In the event of an occupational health A dedicated system safety o?cer is Establish "Mind
incident, immediately cease operations caus- responsible for occupational health Stations" and conduct
Impact, Risk, and Opportunity Management ing occupational disease hazards, evacuate examinations. Employees are biennial mental health
personnel, promptly provide medical treat- arranged to undergo annual occu- assessments and eval-
ment, health examinations, and medical pational disease screenings, with uations, with timely
The Company strictly implements the national occupational health and safety policies and formulates the Identi?cation and observation to workers potentially exposed follow-up and closed-loop manage- counseling provided if
Management Standards for Occupational Hazard Factors. It establishes a comprehensive occupational health management to acute occupational hazards, report the ment for those showing abnormal issues are identi?ed.
system covering identi?cation, assessment, control and monitoring, continuously managing safety risks and systematically incident as required, and cooperate with results to ensure timely and e?ec-
relevant authorities in investigations. tive handling and intervention.
preventing occupational disease hazards.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Work Safety and Health Management Measures Responsible Procurement: Building a Green Supply Chain
Through digitalization, standardization and human-centric management, the Company builds a comprehensive work safety
management system. Milkyway has always adhered to the development philosophy of "coexistence and win-win", upholding compliant operations
and integrity in partnerships. We deeply integrate ESG principles into the entire supply chain process and advance collabora-
Work Safety Responsi- Annually sign the Work Safety Responsibility Agreement with all employees to strictly imple-
bility Implementation tive and sustainable development with partners, society, and the natural environment, thereby constructing a safe, green,
ment work safety production responsibility.
e?cient, and responsible supply chain ecosystem.
Digital Work Safety Independently develop the ASM platform for hazardous goods control, enabling 24/7 real-time
Management monitoring of warehouses and work sites with automatic anomaly alerts.
Governance
Work Safety Culture Regularly conduct specialized training on regulatory interpretation, hazardous materials manage-
Development ment, and emergency response to enhance employees' safety awareness and operational capabilities. The Company strictly complies with the laws, regulations, and industry standards in
its operating locations. A robust responsible procurement and supply chain manage-
ment system has been established. Specialized policies such as the Supplier Code of
Conduct, the Supply Chain Sustainability Management Standards, and the Supplier
Social Responsibility Management and Training have been formulated. Key factors,
including ESG performance, work safety, compliant operations, and environmental
protection, are integrated into the entire supplier lifecycle-from quali?cation and
auditing to evaluation and exit, ensuring standardized, institutionalized and trans-
parent supply chain management.
Additionally, the Company has established a governance framework with clearly
de?ned roles and responsibilities. The Procurement Department leads the develop-
Milkyway Vocational School
Milkyway was granted the completed a 7-day training ment, oversight, and execution of supply chain management policies, as well as sup-
Safety Performance Award in program on hazardous plier development and centralized management, ensuring consistent implementa-
the ExxonMobil project. chemicals vehicle rescue
tion across subsidiaries. Through full lifecycle supplier management, the Company
techniques for 30 ?re?ghters
from Nantong Expressway. continuously enhances the stability, safety, and sustainability of its supply chain.
Shanghai Milkyway Chemical Storage Co., Milkyway driver Xi Yubin was honored as a Model Worker of Strategy
Ltd. held the 8th Fire Emergency Evacuation Jiangsu Province and Zhenjiang City for maintaining a 20-year
Drill and Skills Competition Activity. safe driving record with "zero accidents and zero violations".
The Company integrates supply chain safety and sustainability into its overall strategic planning, embedding these principles into
corporate governance, comprehensive risk management, and daily operations. It systematically identi?es and assesses supply
chain-related risks and opportunities, implementing targeted measures to ensure supply chain e?ciency, stability, and long-term
Metrics & Targets competitiveness.
The Company has established clear occupational health and safety management objectives and plans, driving continuous Risk/Oppor- Risk/Opportunity Likelihood of Time Horizon Expected Response
tunity Type Description Occurrence of Impact Financial Impact Measures
improvement through quanti?able metrics.
Supply chain technologies Continuously monitor cutting-edge
such as IoT, AI, and block- industry technologies and
Risks
No injuries to personnel, no damage to the environment, no business chain are evolving rapidly. Increased systematically introduce
Long-term goals Technolog- High Medium to
incidents, and no complaints from customers. Failure to adopt them in a Operational suitable solutions aligned with
ical risks long term
timely manner may lead to Costs business scenarios to enhance
lower operational e?ciency the digitalization and intelli-
The proportion of accident-related losses is less than %, the com- and increased costs. gence of the supply chain.
Annual goals plaint rate accounts for less than %, the completion rate of Opportunity The sustained growth in Actively collaborate with premi-
hazard recti?cation reaches %, and the number of personal injury inci- Market
cross-border e-commerce
and global supply chain
um partners such as cross-bor-
der logistics and overseas ware-
dents is decreased by %. Opportuni- demand creates opportuni- High Medium to
long term
Cost
Reduction
houses to optimize cross-border
supply chain networks, explore
ties ties for global network
expansion and business emerging markets, and enhance
development. global service capabilities.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Impact, Risk, and Opportunity Management Responsible Procurement
The Company adheres to the principles of compliant operations, fairness, transparency, integrity, and honesty, strictly prohib-
Supplier Management its commercial corruption and unfair competition, and requires all suppliers to sign and comply with the Supplier Code of
Conduct, which clearly de?nes core bottom-line requirements.
The Company has established the Supplier Quali?cation Policy and implemented a comprehensive supplier management
During the business cooperation with Milkyway, the suppliers must strictly abide
system covering quali?cation, audit, and elimination processes. It adheres to diversi?ed cooperation and long-term stable by business ethics, uphold the principles of fairness, justice and transparency in
partnerships, ensuring supply quality, operational safety, and compliance through tiered classi?cation management. Integrity and cooperation, and are prohibited from obtaining improper bene?ts through means
Honesty such as bribing our employees, giving gifts, providing shopping cards or hosting
luxurious banquets, thereby eliminating any unfair competition behaviors.
Supplier Quali?cation During the operation, we actively protect the environment from pollution by e?ective-
ly controlling pollutant emissions, thus reducing damage to the environment. In addi-
The Company has enforced a rigorous supplier quali?cation mechanism. Led by Environmental
tion, we actively promote energy conservation and emission reduction e?orts, there-
the Safety Empowerment Center, it conducts quali?cation reviews, on-site Protection
by reducing greenhouse gas emissions caused by our business activities.
assessments, credit evaluations, and specialized RSQAS (hazardous materials)
assessments. These evaluations comprehensively cover corporate quali?ca- Prohibition of
No employment of child labor under the age of 16 is permitted.
tions, safety management, quality assurance, and subcontractor management. Child Labor
Only quali?ed suppliers are included in the approved supplier list.
Suppliers adhere to the principles of fairness and transparency in the employee
Respect for recruitment and employment practices. They must not engage in discriminatory
Supplier Audits
Employee behaviors, safeguard employees' freedom to choose employment, refrain from
forcing overtime work, provide wages that meet basic living needs, and commit to
The Company conducts annual on-site audits for suppliers in road transporta- Rights
continuously improving living and wage standards for employees.
tion, warehousing, trading, ?xed asset procurement, and administrative
services. Monthly KPI assessments are also performed, covering order accep- Health and
We commit to providing employees with a healthy and safe working environment.
tance, on-time delivery, customer complaints, and timely/accurate account Safety
reconciliation.
The Company commits to strictly complying with contractual agreements with SMEs,
Equal Treat-
Supplier Elimination treating all business partners equally, and continuously fostering long-term, stable,
ment and sound collaboration.
The Company strictly implements the supplier KPI assessment system, catego-
rizing suppliers into four grades (A, B, C, D) based on audit results and scores.
Suppliers rated as Grade C are required to rectify issues within a speci?ed
Metrics and Targets
period, with business operations suspended. Those rated as Grade D are classi-
?ed as disquali?ed suppliers, and cooperation is terminated.
Indicator Unit 2025
Supply Chain Sustainability
In accordance with the Supplier Sustainability Management Standards, the Company closely monitors suppliers' ESG perfor- Number of Suppliers Unit 8,566
mance, incorporating environmental, social, and governance factors into supplier evaluation criteria. During the supplier
audit process, the suppliers' safety management system, external certi?cations, quality, environmental safety, and emergency Chinese
Unit 7,275
Mainland
response capabilities are examined and monitored to ensure they have a complete and reasonable management system.
By region
Meanwhile, the Company conducts social responsibility management training for suppliers to enhance their performance in
environmental protection and social responsibility, thereby e?ectively ensuring the stability of the supply chains for Milkyway Overseas Unit 1,291
and its subsidiaries and achieving win-win outcomes with suppliers.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Governance Dimension
Building on Compliance to Strengthen the Founda-
tion for Steady Operations
Milkyway takes Party building as the guiding principle to re?ne corporate
governance, enhance board diversity and independence, standardize
recruitment and remuneration practices, uphold compliance as the
bottom line, strengthen risk control and anti-corruption mechanisms,
safeguard shareholder rights, establish diversi?ed communication chan-
nels, promote Party-business integration and sustainable development,
and improve operational e?ciency.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Governance Optimization: Enhancing Operational E?ciency Board Independence
The Company's independent directors maintain full independence in their work, actively participate in board decisions, and diligent-
Milkyway strictly complies with laws and regulations such as the Company Law of the People's Republic of China and the Secu- ly review all proposals. During the reporting period, the Company has two independent directors, representing 40% of the Board.
rities Law of the People's Republic of China, as well as the regulatory requirements for listed companies. In accordance with
the Articles of Association, Milkyway has established a corporate governance structure with clearly de?ned responsibilities, Board E?ectiveness Evaluation
e?cient operations, and e?ective checks and balances. The Company continuously optimizes governance mechanisms and
operational processes to support high-quality and sustainable development through standardized governance.
In 2025, the Board of Directors operated in compliance with laws, regulations, and the Articles of Association, diligently imple-
menting resolutions passed by the Shareholders' Meeting. The Company has established the Independent Director Work
Board of Directors and Special Committees System, focusing on the performance capabilities of independent directors. Each independent director serves on no more
than three domestic listed companies, in full compliance with laws, administrative regulations, CSRC requirements, and stock
The Board of Directors serves as the Company's decision-making body, responsible for formulating and executing daily operational exchange rules.
decisions. The Board of Directors has established four special committees: the Audit Committee, the Nomination Committee, the
Appointment Management
Strategy and ESG Committee, and the Remuneration and Appraisal Committee. Each committee exercises its authority in accor-
dance with the Articles of Association and the working rules of the respective committees, safeguarding the common interests of the
Company and all shareholders. This ensures that standardized board construction promotes high-e?ciency corporate governance.
Directors are elected or replaced at the Shareholders' Meeting, with The Company's senior management team consists
each term lasting three years and renewable upon expiration. If reelec- of the General Manager, Deputy General Managers,
tion upon expiration is delayed, incumbent directors continue their Chief Financial O?cer, and Board Secretary. The
duties until successors assume o?ce. The Board of Directors includes General Manager is appointed or dismissed by the
one employee director, elected through democratic procedures such as Board of Directors. Deputy General Managers are
Audit Committee
the congress of employees and sta?. Directors may concurrently serve nominated by the General Manager for appointment
as senior management personnel, provided that the total number of or dismissal by the Board. A selection and manage-
Review the Company's
?nancial information and
directors holding such dual roles and employee directors does not ment mechanism has been established with clear
disclosures, oversee and exceed half of the total board membership. responsibilities and standardized procedures.
perform internal and external
audits as well as internal controls.
Nomination Committee Remuneration Management
Formulate the selection criteria and proce-
dures for directors and senior manage- The Company has established a sound remuneration management system that balances incentives and constraints. The
ment, screen and review relevant candi-
dates and their quali?cations. Remuneration and Appraisal Committee formulates transparent, objective, and fair performance evaluation criteria and
assessment procedures for directors, supervisors, and senior management, ensuring that remuneration levels align with
Strategy and ESG Committee responsibilities, risks, and contributions.
Establish the performance evaluation criteria for directors and senior manage-
ment, conduct assessments, and formulate and review remuneration policies
The Company has established a remuneration management system for directors and senior management in accordance with
and schemes including decision-making mechanisms and processes, payment
arrangements, and clawback provisions for directors and senior management. the law, e?ectively safeguarding the legitimate rights and interests of shareholders and employees. If the Board of Directors
does not adopt or only partially adopts the recommendations of the Remuneration and Appraisal Committee, the relevant
Remuneration and Appraisal Committee opinions and reasons for non-adoption must be recorded in the resolutions and disclosed as required. The remuneration of
Conduct research on the Company's long-term development strategies and major invest- senior management is uniformly paid by the Company, not by controlling shareholders, thereby ensuring independent, stan-
ment decisions, and submit proposals and recommendations to the Board of Directors.
dardized, and transparent remuneration management.
Rights Protection: Safeguarding Shareholder Interests
Board Diversity
The Company prioritizes the development of a diversi?ed board structure. During the reporting period, the Board of Directors Milkyway consistently integrates the protection of the rights and interests of all shareholders and investors into the core of its
consists of ?ve directors, including one female director, accounting for 20% of the Board. The directors possess professional operations. By improving institutional systems, establishing diverse communication channels, standardizing information
expertise spanning logistics, investment, ?nancial accounting, law, economics, and management. Their complementary skills disclosure, and strengthening shareholder rights protection, the Company e?ectively upholds investors' legitimate rights and
provide strong support for the Company's decision-making. interests, fostering a healthy and mutually bene?cial investor relations ecosystem.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Investor Relations Management Compliant Operations: Building a Solid Safety Line
The Company places high importance on investor relations manage-
ment. It has established the Investor Management System to de?ne
Milkyway adheres to compliant operations as its cornerstone, establishing a comprehensive three-dimensional risk control
management standards and procedures, with the Board Secretary and
system that spans decision-making, execution, and supervision. By continuously improving internal control systems, deepen-
Securities Department serving as the centralized management units. A
ing integrity management, and enforcing strict business discipline, the Company e?ectively mitigates operational risks and
comprehensive process management system with deep involvement by
fosters a core consensus among all employees that "compliance creates value". This has built a solid foundation for stable
senior management, horizontal collaboration and vertical coordination
business growth and enhanced market credibility.
has been established to comprehensively promote various activities and
daily a?airs related to investor relations management, ensuring the
orderly and compliant conduct of the work. Compliance and Internal Control
The Company strictly complies with laws and regulations such as the Meanwhile, the Company places high impor-
Diversi?ed Communication Channels Company Law of the People's Republic of China and the Securities Law of tance on fostering a compliance culture among
the People's Republic of China, as well as internal management systems. all employees. Through regular legal training and
It continuously strengthens its internal control framework and risk man- specialized risk management programs, it
To ensure timely and e?ective communication, the Company has developed a diversi?ed online-o?ine communication plat- agement mechanisms to enhance full-process risk oversight. The Board disseminates compliance requirements and risk
form, covering telephone conferences, on-site meetings, online video conferences, e-interaction platforms, analyst and inves- of Directors has established an Audit Committee to oversee internal audit prevention knowledge. This continuously
work. The Company conducts regular internal audits and issues audit enhances employees' risk awareness and compli-
tor research sessions. These initiatives establish e?cient and smooth communication channels, enabling the timely and accu-
reports. Identi?ed issues are managed through a closed-loop process, ance capabilities, creating a management envi-
rate dissemination of information related to corporate governance, business development, and other key aspects to investors, with recti?cation and implementation tracked on a 1-2 months cycle to ronment where "everyone emphasizes compli-
and safeguarding their right to be informed. ensure e?ective internal controls and manageable risks. ance and risks are guarded against at all levels".
Information Disclosure Anti-Commercial Bribery and Anti-Corruption
Adhering to the business principle of "conducting oneself with integrity and operating by the rules", the Company complies
The Company strictly adheres to the requirements of the Information Disclosure Management System, the Information Disclo- with laws and regulations such as the Anti-Money Laundering Law of the People's Republic of China and the Anti-Unfair Com-
sure Suspension and Exemption Management System, and the Articles of Association. It has established a robust standardized petition Law of the People's Republic of China, maintains zero tolerance for corrupt practices, and establishes a robust
information disclosure mechanism, upholding the principles of truthfulness, accuracy, completeness, timeliness, and fairness anti-corruption and integrity management system with sound policies, rigorous enforcement, and e?ective oversight.
in disclosure. The Company continuously enhances the quality and transparency of information disclosure to e?ectively safe-
guard the legitimate rights and interests of investors and all stakeholders.
Management Mechanisms
The Company has established and implemented systems such as the Corporate Guidelines and Employee Handbook to de?ne
Protection of Shareholder Rights professional ethics and behavioral boundaries for employees, delineating compliance red lines that must not be crossed. The Super-
vision Department is responsible for enforcing anti-corruption and anti-bribery policies and conducting internal audits, while
As the highest authority of the Company, the Shareholders' Meeting strictly follows laws and regulations, the Articles of Associ-
third-party law ?rms perform external due diligence, creating a collaborative and fully controlled oversight mechanism. All violations
ation, and the Rules of Procedure for Shareholders' Meeting to standardize decision-making processes. This ensures the
of integrity policies are treated equally and addressed in accordance with regulations, regardless of position or contribution level.
e?cient and orderly operation of the Shareholders' Meeting and guarantees shareholders' lawful rights, including the rights to
be informed, participation, and decision-making.
Integrity Risk Prevention
The Company places high importance on shareholder returns. By considering industry trends, its own development plans, and
operational realities, it formulates scienti?c, reasonable, and stable pro?t distribution plans. The Company maintains the con-
tinuity and stability of its pro?t distribution policies to e?ectively reward all shareholders, achieving synchronized growth in The Company embeds integrity requirements throughout all busi- The Company strictly prohibits any form of improper bene-
ness processes, implementing enhanced controls for high-risk posi- ?ts or power rent-seeking, including employees accepting
shareholder interests and corporate development.
tions. In commercial collaborations, contracts explicitly include cash, gifts, shopping cards, lavish entertainment, travel, or
anti-commercial bribery clauses. Integrity and compliance are other undue advantages. It forbids abuse of power for
To standardize related-party transaction management and protect the interests of the Company and all shareholders, espe- integrated into the supplier management system, requiring partners personal gain, fraudulent reimbursement, collusion to
cially minority shareholders, the Company strictly complies with relevant laws and regulations and its Related-Party Transac- to sign the Integrity Partnership Agreement, with a 100% signing rate harm company interests, and commercial bribery of part-
tion Control and Decision-Making System. It fully implements the recusal mechanism for related parties, conducting relat- during the reporting period. Additionally, employees in high-risk posi- ners to gain unfair competitive advantages. Once veri?ed,
ed-party transactions under the principles of fairness, impartiality, and transparency. The Company safeguards the legitimate tions are arranged to undergo integrity training and sign the Integrity violations result in immediate termination of supplier part-
Commitment, achieving a 100% signing rate during the reporting nerships and strict disciplinary action against involved
rights and interests of the Company and its shareholders by preventing improper bene?ts transfer and unfair related-party
period, thereby reinforcing integrity responsibilities at the source. employees. Legal liabilities are pursued where applicable.
transactions through institutional and procedural measures.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Whistleblowing Mechanism Party Building: Driving Collaborative Development
The Company encourages employees and stakeholders to oversee its integrity e?orts, report bribery or corruption cases. It formu-
Milkyway consistently upholds Party building as a guiding principle, deeply integrating Party work into corporate governance,
lates an annual inspection plan for 1-2 special inspections each year, integrates these with audit work, and stations personnel cultural development, and operational growth. The Company continuously strengthens its organizational framework, reinforc-
on-site to accept real-name evidence-based reports. Upon receiving reports, the Supervision Department conducts compliance es ideological leadership, and promotes the fusion of Party initiatives with business operations, leveraging high-quality Party
investigations in accordance with company policies. Corresponding disciplinary actions are taken based on the severity of the case building to consolidate development synergy and empower high-quality corporate growth.
(active or passive involvement) and the amount involved (signi?cant amount de?ned as above RMB 5,000). The Company strictly
Number-of-gener- Number of-Par-
maintains con?dentiality of whistleblowers' identities and report contents throughout the process, strictly prohibiting retaliation. As of the end of the reporting period, the Company has established one al-Party-branchese ty-branchese
Once veri?ed that any whistleblower has su?ered retaliation, the Company will severely penalize those involved and take appropri- general Party branch and ?ve Party branches, with a total of 97 Party
ate legal measures to e?ectively protect the legitimate rights and interests of whistleblowers. members. Five Party committee meetings were held annually. The Party
member team, primarily composed of management personnel and key
Branche Unit
business talents at all levels, fully demonstrates the combat e?ective- Number-of-Par- Convene a Party
ty-Members Committee meeting
Integrity Culture Cultivation ness of grassroots Party organizations and the exemplary role of Party
members, injecting robust political momentum and spiritual energy into
the Company's steady development. Person time
The Company continues to develop the integrity culture. Through regular activities such as legal regulation seminars, warning educa-
tion with typical cases, and safety brie?ngs, it strengthens employees' awareness of integrity and self-discipline, reinforcing profes- Strengthening Ideological Foundations and Cultivating Cultural Soil
sional ethics. Integrity education is integrated into scenarios like large-scale meetings, new employee onboarding, and key position
training, fostering a strong cultural atmosphere where everyone upholds integrity and every action complies with regulations. Guided by Party building, the Company integrates advanced Party theories with corporate culture, combining the ?ne tradi-
tion of hard work with the corporate spirit of "endless vitality, boundless striving" to foster a positive, united, and progressive
cultural atmosphere. The Company has established dedicated sections
for Party literature in the headquarters library and employee bookstores
Anti-Monopoly and Anti-Unfair Competition across various bases, displaying journals such as "Classic Readings for
Party Members" and "Party Branch Life" to strengthen theoretical learn-
ing platforms. Regular activities such as Party history education and
visits to revolutionary history memorials are conducted to advance the
The Company strictly adheres In business operations, the The Company adheres to
thematic education on Xi Jinping Thought on Socialism with Chinese
to laws and regulations such as Company strictly prohibits integrity in operations and
Characteristics for a New Era. These initiatives guide Party members to
the Anti-Unfair Competition market-disrupting behav- transparent collaboration,
uphold their original aspirations, temper their Party spirit, and unite
Law of the People's Republic of iors such as false advertis- establishing mutually trusting,
collective e?orts through ideological consensus, aligning corporate
China. It establishes its market ing, malicious collusion, fair, transparent, and win-win
presence through quality, price alliances, and com- business relationships with development with national progress.
service, and reputation, build- mercial espionage. During clients, suppliers, and part-
ing a fair, just, and transparent procurement, it proactively ners. During the reporting
competitive order. The Compa- educates suppliers on period, the Company does not Promoting Integrated Development and Unleashing Organizational Vitality
ny resolutely opposes monop- anti-unfair competition poli- engage in any illegal or
olistic practices, false advertis- cies, prohibits unfair prac- non-compliant incidents such
ing, commercial fraud, collu- tices like mutual suppres- as false advertising, commer- The Party organization of the Company fully leverages its political core role in "setting the direction, overseeing the broader
sion, and other misconduct, sion and price-?xing, and cial fraud, monopolistic prac- picture, and ensuring implementation", integrating the Party's policies and advanced concepts into strategic planning, opera-
ensuring all business activities encourages compliant and tices, or unfair competition, tional management, and key business initiatives to ensure the correct and steady development of the enterprise. It actively
are lawful, compliant, and high-quality competition. upholding a healthy and explores practical pathways for deep integration of Party building with business operations, widely organizing activities such
transparent. sustainable market ecosystem as Party Member Pioneer Posts and Task Force Teams. These initiatives will motivate Party members to take on challenges
through concrete actions. and overcome di?culties on the front lines, transforming Party-building strengths into innovation, competitiveness, and
developmental advantages.
At the same time, through diverse Party-building activities, the Company continuously enhances employee cohesion, centrip-
etal force, and sense of mission, elevates its social image and internal vitality, and fosters a positive atmosphere of entrepre-
neurship and united progress, providing strong organizational support and spiritual motivation for the high-quality advance-
ment of all business operations.
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Appendix By gender
Indicator
Female
Unit
%
ESG Data and Notes Under 30 % 14
By age
Environmental Performance 40 years old (inclusive) - 50 years old % 33
Indicator Unit 2025 Master's Degree % 3
By education
Water Resource Bachelor's Degree % 29
Utilization Municipal water usage Ton 199,734.37 Total number background
of employees Below Bachelor's Degree % 68
Total energy consumption Ton of standard coal equivalent 26,288.05
Direct energy consumption Ton of standard coal equivalent 22,029.60 Chinese Mainland % 92
By region Hong Kong, Macao, and
Taiwan regions China % 0.3
Gasoline consumption Ton of standard coal equivalent 9.66
Overseas % 7.7
Diesel consumption Ton of standard coal equivalent 22,019.94
Labor contract signing rate % 100
Indirect energy consumption Ton of standard coal equivalent 4,258.45
Energy Proportion of ethnic minority employees % 1.6
Purchased electricity Ton of standard coal equivalent 2,059.86
Utilization Proportion of female employees among company
management % 30
Purchased heat Ton of standard coal equivalent 1,797.81
Employee turnover rate % 15
PV power generation Ton of standard coal equivalent 400.78
Social insurance coverage rate % 98
Renewable energy consumption Ton of standard coal equivalent 400.78
Maternity leave days taken by employees Person 64
Proportion of renewable energy consumption % 1.52
Tonnes of standard coal per Employee Return-to-work rate after maternity leave % 95
Energy consumption per RMB million revenue RMB million revenue 1.97 Remuneration
and Bene?ts Number of employees taking parental leave Person 149
Proportion of fully electric forklifts % 96.33
Environmental Return-to-work rate of employees after parental leave % 100
Compliance Management Total environmental protection investment RMB 10K 1,904.41
Per capita paid leave time Day 10
Total GHG emissions Ton of CO2 equivalent 196,619.54
Number of training sessions held Session 398
Scope 1 emissions Ton of CO2 equivalent 58,622.31
Number of employees trained Person 3,536
Scope 2 emissions Ton of CO2 equivalent 10,226.46
Greenhouse
Total training attendances Person-time 29,356
Gas Emissions Scope 3 emissions Ton of CO2 equivalent 127,770.77
Management Employee training coverage rate % 89.72
Greenhouse gas emission intensity per RMB million
revenue (Scope 1 + Scope 2) Tonnes of CO2 per RMB million revenue 5.16
Male % 36
Greenhouse gas emission intensity per RMB million By gender
revenue (Scope 3) Tonnes of CO2 per RMB million revenue 9.58
Female % 64
GHG emission reduction Ton of CO2 equivalent 1,894.68 Employee
Senior management % 2.29
Development
and Training By manage-
Middle management % 3.65
ment level
Grassroots employees % 94.06
Social Performance Production % 80.66
Technology % 3.48
Indicator Unit 2025 By function Sales % 5.15
Total number of employees Person 3,941 Finance % 2.84
Total number
of employees % 64 Administration % 2.54
By gender Male
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Indicator Unit 2025 Indicator Unit 2025
By function Others % 5.33 Number of patent applications Item 19
Total employee training hours Hour 47,935.59 Number of invention patent applications Item 3
Per capita training hours Hour 13.56 Cumulative number of authorized patents Item 117
Intellectual
Male Hour 11.32 Property Cumulative number of authorized invention patents Item 13
By gender
Female Hour 15.67 Cumulative number of authorized utility model patents Item 104
Senior management Hour 9.32 Total number of valid patents Item 104
By management
level Middle management Hour 18.67 Cumulative number of software copyrights Item 231
Employee
Development Grassroots employees Hour 13.5 Number of Suppliers Unit 8,566
and Training
Production Hour 10.8 Chinese Mainland Unit 7,275
By region
Technology Hour 34.55 Overseas Unit 1,291
Supplier
Sales Hour 14.34 On-site inspections for suppliers Unit 182
By function Management
Finance Cooperation quali?cation review Unit 47
Hour 25.28
Annual review Unit 135
Administration Hour 17.09
Supplier signing rate of Integrity Agreement % 100
Others Hour 32.81
Employee signing rate of Integrity Commitment (%) % 100
Work safety investment RMB 10K 4,010.43
Number of enterprises meeting work safety
standardization requirements Unit 14
Number of safety education and training sessions Session 1,485
Total safety education and training hours Hour 1,645
Safety emergency drill Time 144
Employee Number of participants in safety education
Health and and training Person-time 32,074
Safety
Safety education and training coverage rate Person-time 99
Governance Performance
Safety risk prevention training coverage rate % 92
Employee health check coverage rate % 100
Occupational hazard factor detection rate % 100 Indicator Unit 2025
Certi?cation rate for special operation personnel % 100 Number of general Party branches Branch 1
Employee Care and Party Building
Assistance Funds invested in supporting employees in need RMB 10K 4.9 Number of Party branches Unit 5
Leadership
Number of corporate data security protection Time 2
training sessions Number of Party Members Person 97
Data Security and
Customer Privacy Data security protection training coverage rate % 72 Shareholders' Meeting Time 1
Protection
Per capita training hours for data security protection Hour 4.5 Board of Directors Time 6
Directors,
Total R&D investment RMB 10K 7,219.22 Meeting Audit Committee Time 4
Supervisors,
and Senior convening
Proportion of R&D investment to revenue % 0.54 status Nomination Committee Time 0
Innovation Management
and R&D R&D personnel Person 137 Remuneration and Appraisal Committee Time 1
R&D personnel ratio % 3.48 Strategic Development and ESG Committee Time 1
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
Indicator Unit 2025
Indicator Index Table
Shareholders' Meeting Item 16
Board of Directors Item 56
Global Reporting Initiative Guidelines No. 14 of Shanghai Stock
Proposal Audit Committee Item 15 Report Sections Exchange for Self-Regulation of Listed
(GRI) Standards Companies - Sustainability Report (Trial)
review status
Nomination Committee Item 0
Directors, About This Report 2-1/2-2/2-3 /
Supervisors, Remuneration and Appraisal
Committee Item 7
and Senior
Strategic Development and Message from the Chairman 2-22 /
Management ESG Committee Item 2
Number of board members Person 5 Company Pro?le 2-1 /
About Milkyway
Proportion of female directors % 20
About 2025 201-1 /
Proportion of independent directors % 40
Deepening Sustain- Sustainable Development 2-14/2-22 Due Diligence
Average attendance rate of supervisory board members % 100 able Development
Anti-Commercial Bribery Number of anti-commercial bribery and anti-cor- Practices to Build a
Time 12 Stakeholder Engagement 2-16/2-29 Stakeholder Engagement
and Anti-Corruption ruption training sessions New Blueprint for
High-Quality Double Materiality Issue
Compliance Legal and risk prevention training Time 5 2-29/3-1/3-2/3-3 /
Development Assessment
Management
Internal audit Time 6 Feature: Expanding Overseas Presence to Build a Resilient
/ Supply Chain Security
Supply Chain Service System of Chemicals and New Energy
Host investor open exchange meetings Time 6
Climate Response: Ful?lling 201-2/305-1/305-2/305-3/305
Climate Change Response
The Company's regular phone services for investor inquiries Time 73 Low-Carbon Commitments -4/305-5
Environmental Compliance as Foundation: Strictly Environmental Compliance Management
Investor interactions through e-interactive platform Time 22 Dimension: Upholding Ecological Conservation Red Lines 303-2/306-2 Ecosystem and Biodiversity Conservation
Investor Empowering Green
Relations Investor inquiry response rate % 100 Lean Resources Manage- Water Resource Utilization, Energy
Development to ment: Promoting Recycling 302-1/302-4/302-5/303-5 Utilization, Recycling Economy
Management Receive a penalty for violating information disclosure
Time 0 Co-Build an
regulations Pollution Control: Safeguard-
Ecological Conserva- ing Blue Sky and Clean Land 306-1/306-2/306-3/306-5 Pollutant Emissions, Waste Disposal
Number of periodic reports disclosed Copy 4 tion Barrier
Green Operations: Supporting Carbon 2-25
Peaking and Carbon Neutrality Goals Climate Change Response
Number of interim announcements and attachments issued Copy 178
Operating revenue RMB100 million 133.35 Innovation Digital Driving Force: Empower- /
ing Business Upgrading Innovation-Driven
Dimension:
Net pro?t attributable to shareholders of the parent
company RMB 626,553,239.91 Boosting Quality Quality Services: Optimizing 416-1 Product and Service Safety and Quality
Through Innovation Customer Experience
Basic earnings per share Yuan/share 3.9513 to Re?ne the Core of Information Security: Safe- Data Security and Customer
guarding Data Privacy 418-1 Privacy Protection
Total assets RMB100 million 207.77 Premium Service
Equality and Diversity: 2-7
Total tax contributions RMB100 million 4.79 Strengthening Rights Protection Employees
Responsibility
Total cash dividends RMB 158,127,620.00 Dimension: Forging Moving Forward Together:
Partnering with Talent 2-7 Employees
Ahead Together to
Economic Share repurchase amount RMB 40,805,254.00 Draw a Blueprint for Safety First: Safeguarding 2-7
Performance Employee Health Employees
a Harmonious
Total repurchases and cancellations RMB 134,299,872.62
Society Responsible Procurement: Supply Chain Security
Undistributed pro?ts in parent company's ?nancial Building a Green Supply Chain 2-6/308-1/414-1
RMB 292,145,867.40 Equal Treatment of SMEs
statements at year-end
Governance Optimization: 2-9/2-10/2-11/2-12/2-13/2-15
Total cash dividends distributed for the last three ?scal years RMB 356,232,259.89 Enhancing Operational E?ciency /
/2-19/2-20
Governance
Total share repurchases and cancellations for the Rights Protection: Safeguarding
last three ?scal years RMB 323,827,009.00 Dimension: Building /
Shareholder Interests 2-16
on Compliance to
Average net pro?ts for the last three ?scal years RMB 541,015,819.68 2-152-25/2-26/2-27/205-2/20
Strengthen the Compliant Operations: Building Anti-Commercial Bribery, Anti-Corrup-
Total cash dividends and share repurchases/cancel- a Solid Safety Line 6-1 tion, and Anti-Unfair Competition
RMB 680,059,268.89 Foundation for
lations for the last three ?scal years
Steady Operations Party Building: Driving /
Cash dividend ratio % 125.70 /
Collaborative Development
Milkyway Intelligent Supply Chain Service Group Co., Ltd. 2025 Sustainability Report
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