Stock code:603565
Environmental, Social
and Governance Report
Shanghai Zhonggu Logistics Co., Ltd.
Table of Contents
Preface 2 Strengthening Supply Chain Management 52
About the Report 2 Creating a Harmonious Community 54
Message from the Chairman 2 Compliant Employment 55
Zhonggu Logistics at a Glance 6 Talent Development 58
Course and Glories 9 Caring for Employees 61
Return to Shareholders 2 Health and Safety 65
Key Performance 2 Rural Revitalization and Welfare 67
Annual Features 13 Compliance in Operation 70
Strengthening ESG Governance 18 Corporate Governance 71
ESG Governance System 19 Business Ethics 72
Risk Management 74
Leading in Low-carbon Shipping 25
Climate Change Management 26 Index 76
Low-carbon Sailing 26 Index to the Guidelines No. 14 of Shanghai Stock Exchange
Ecological Co-construction 32 for Self-Regulation of Listed Companies—Sustainability
Report (Trial) 76
Deeply Exploring Customer Value 40
GRI Index 77
Building Excellent Service 40
Performance Summary 79
Digital Shipping Transformation 48
Reporting Evaluation and Suggestions 82
Preface 2 Preface 3
Message from
the Chairman
Li Yonghua
——Chairman of Zhonggu Logistics
Preface
Zhonggu Logistics upholds the corporate vision of leading the development of China's
logistics industry, serving society, and enabling employees. We have integrated the initiative
for change into the lifeblood of our development, forging enduring competitiveness
About the Report
for the future through self-breakthroughs. Faced with the core imperatives of the era,
such as improving quality and efficiency and transitioning to low-carbon operations, we
continuously reshape our service chain with a digital mindset. We actively explore and
realize the possibilities of empowering our business with artificial intelligence, break
Introduction to the Report Notes on Data
through business boundaries, and extend our business focus towards the vast international
This is the Environmental, Social and Governance The financial data herein comes from the
("ESG") report of Shanghai Zhonggu Logistics consolidated report for 2025, which have been market, making solid strides in expanding foreign trade shipping routes. We are committed
Co., Ltd. (hereinafter referred to as "Zhonggu independently audited by Pan-China Certified to translating the advantages of container standardization into tangible, visible value
Logistics", "we" or"the Company"). The ESG Public Accountants LLP (specialized general
increments for our customers. On the journey of fulfilling corporate responsibility, we
report comprehensively describes the economic, partnership); the remaining of the information and
environmental and social performance and data are mainly sourced from the Company and the regard creating shared value as the most resilient bond. Together with our vast number of
management initiatives of Zhonggu Logistics Group' s internal statistical reports or documents. customers, suppliers, employees, and all stakeholders, we weave a development network
in 2025, focuses on the common concerns of The monetary amounts indicated herein are
of shared responsibility and shared opportunity. Looking back on over two decades of
stakeholders, and discloses the key information denominated in RMB.
of the Company and its subsidiaries (collectively dedicated development, our original aspiration to build a symbiotic and win-win logistics
referred to as "the Group"). Reference Standards ecosystem has become ever clearer. Looking ahead, Zhonggu Logistics will set its course
This report has been prepared with reference to
with a broader vision. With the continuous optimization of service capabilities and the
Reporting Time the Guidelines No. 14 of Shanghai Stock Exchange
From January 1, 2025 to December 31, 2025 for Self-Regulation of Listed Companies— deepening of corporate governance and operational innovation as twin oars, we are
(referred to as the "reporting period"); some Sustainability Report (Trial) issued by the Shanghai committed to ensuring that every shipment we handle not only transports goods but also
information and cases might beyond the reporting Stock Exchange (referred to as the "SSE") and with
conveys the warmth of industry progress and the power of sustainable development.
period. appropriate reference to the GRI Standards by the
Global Reporting Initiative (GRI). Standing at a new developmental juncture, we are dedicated to examining our future
Reporting Scope and Boundaries direction with a grander perspective. Through the continuous enhancement of service
The Report covers Shanghai Zhonggu Logistics Confirmation and Approval
capabilities and the deepening of governance reform, we aim to make every cargo flow a
Co., Ltd. and all of its subsidiaries, with the The Report was approved by the board of directors
same reporting scope as the 2025 Annual Report on April 22, 2026 following the confirmation by the journey of value that transmits the temperature of industry advancement.
(hereinafter referred to as the "Annual Report"). management.
Preface 4 Preface 5
In 2025, Zhonggu Logistics continued to deepen the "Through Bill of Lading (B/L) System" Furthermore, we are steadily progressing with the green upgrade of our fleet. Through the
model for multimodal transport. Through process standardization and system integration, active deployment of new green vessels and the implementation of systematic energy-saving
we built a unified and efficient " Through B/L System" service ecosystem. Concurrently, retrofits for the existing fleet, we are comprehensively improving vessel energy efficiency,
the Company actively introduced artificial intelligence technologies to enhance business effectively reducing our overall environmental footprint, contributing to the achievement of
response efficiency. Leveraging a unified digital platform, we shared key node data—such national dual-carbon goals, and aiding in the global response to climate change.
as space availability, container status, and tracking—in real-time with service providers
and other third parties. This enabled intelligent stowage and dynamic route optimization People-Oriented, Win-Win Development
to achieve transport capacity synergy, promoting integrated operations across the entire Zhonggu Logistics adheres to the employee vision of "Helping employees achieve ambitions
logistics chain. Furthermore, we systematically advanced our "going global" strategy. While in fun and through learning" and upholds the people-oriented principle, strictly safeguarding
ensuring the stable operation of existing businesses, we restructured the organizational employees' legitimate rights and interests. Through regular team-building activities, holiday
framework and allocated dedicated resources, aiming to expand the international business events, and irregular activities, we continuously enrich employees' cultural life and strengthen
network and ultimately achieve breakthroughs in regional layout. their sense of belonging to the Company. We always place employee training and development
at the forefront of our workforce management. Through sound talent management and
Deepening Value, Sharing Development cultivation system, we provide continuous growth support for all employees, building a solid
For the 2025 fiscal year, the Company plans to distribute cash dividends of RMB 0.5 billion and stable talent pillar for the Company's sustainable development.
(tax inclusive), representing 25.19% of the net profit attributable to the parent company's
shareholders for the same period. The total cash dividends for 2025 (including the interim Looking ahead to 2026, Zhonggu Logistics will continue to implement the development theme of
dividends already distributed) amounted to RMB 1.407 billion, which represents 70.32% of "deepening internal reforms to enhance efficiency and pursuing external blue ocean strategies
the net profit attributable to the shareholders of the listed company for the year, providing for growth". We will proactively respond to market changes and external challenges, and
investors with solid and stable cash returns. Based on the Shareholder Return Plan for through solid operational practices, persistently drive the Company's high-quality development.
the Next Three Years formulated in 2023, and on the foundation of stable operations, we Facing the future, we will outline a global logistics network with a broader vision, striving to
maintained an active cash dividend policy from 2023 to 2025, achieving a cumulative three- make every cargo vessel a green messenger connecting industry and ecology, etching chapters
year dividend payout ratio of no less than 60% of the distributable profit, sharing the of sustainable development in the trajectory of every voyage.
Company's development achievements with all shareholders.
Leading in Low-Carbon, Multi-Dimensional Layout
On domestic trade routes, Zhonggu Logistics continues to advance multimodal transport.
By leveraging a digital collaboration platform and efficient standardized processes, we have
significantly enhanced the synergy and efficiency of the logistics system, ensuring the steady
development of the "Through B/L System" multimodal transport model. On foreign trade
routes, we are vigorously expanding our service network and optimizing fleet deployment.
Relying on our self-operated fleet, we have launched new international routes to regions
such as Vietnam, Indonesia, India, and the Red Sea, substantially improving our overseas
business coverage and driving the continuous expansion of our global service network.
Zhonggu Logistics at a Glance 6 Zhonggu Logistics at a Glance 7
Zhonggu Logistics Cultural Values
at a Glance
Company Profile
Since its establishment, Zhonggu Logistics has always regarded "culture first" as its strategic gene,
building its core competitiveness with corporate culture as the core. Over the past two decades, we
have continuously promoted the dynamic evolution and deepening of the cultural system through
strategic upgrades and organizational transformation, constantly rejuvenating the vitality of the
culture. This cultural system, through four functional modules of value orientation, organizational
Zhonggu Logistics is one of China's earliest enterprises specializing in domestic container shipping. The cohesion, behavior shaping, and talent motivation, has formed the internal driving force for the
Company was listed on the Shanghai Stock Exchange in September 2020 (Stock Code: 603565.SH). Since development of the enterprise, becoming the core engine for leading the implementation of strategies
its inception, Zhonggu Logistics has evolved into a comprehensive modern entity integrating multiple and improving organizational efficiency.
sectors, including liner shipping, integrated logistics, vessel management, and industrial investment.
Utilizing standardized containers—covering general cargo containers, food-grade specialized containers,
coal containers, and various special container types—as its core asset, the Company leverages an internet-
based big data platform to integrate waterway, railway, highway, and professional cold chain resources. Corporate Purpose Bringing happiness to employees and creating value for the society
This enables Zhonggu Logistics to provide end-to-end logistics solutions covering multimodal transport,
marking its transition from a traditional shipping service provider to a modern integrated supply chain
Corporate Mission Changing China's Logistics with Containers
service provider.
As of the end of the reporting period, the Company's operations span nearly 30 provinces and Corporate Vision Leading the development of China's logistics, serving the society,
municipalities across China, covering approximately 150 ports, with over 200 offices and branches and empowering employees
established nationwide. Zhonggu Logistics owns a diverse fleet of standard containers, including general
cargo containers, food-grade SQ containers, and coal containers, as well as specialized container types Client Vision Making customers the most competitive players in their industries
such as refrigerated containers, flat racks, and open-top containers. The Company transports over 10,000
types of goods. In terms of transportation modes, it integrates waterway, railway, and highway resources to
Staff Vision Helping employees achieve ambitions in fun and through learning
offer multimodal services, including sea-land transport, river-sea transport, water-to-water transshipment,
and sea-rail transport, while also providing professional cold chain logistics capabilities.
Corporate Pursuit First-class company, First-class talent, First-class performance,
As one of the early pioneers and industry leaders in China’s domestic container shipping, Zhonggu First-class return
Logistics has consistently ranked among the top three in terms of shipping capacity, with its throughput
at major ports along China’s coastline and the Yangtze River ranking at the forefront. The Company has Business Style Serious, Agile, Responsible for results
established a "three horizontal and one vertical" strategic maritime corridor, with China’s coastline and
the "two rivers and one canal" as its core routes. Currently, Zhonggu Logistics is actively advancing its
Core Values Loyalty, Sincerity, Diligence
"Landing Strategy," aiming to strengthen its end-to-end logistics and "door-to-door" service capabilities.
This initiative is expected to further solidify its industry position and drive value chain extensions from ports
to end customers. Customer Values We pursue customer satisfaction
Product Values Safe, Efficiency, Green
Talent Values Action precedes achievements, contribution precedes value
Zhonggu Logistics at a Glance 8 Zhonggu Logistics at a Glance 9
Course and Glories Return to Shareholders
Sustainability Course
Over the past decade, Zhonggu Logistics has achieved
sustained and rapid growth in operational performance, we
always value the return to shareholders. Since being listed
on September 25, 2020, the Company has distributed cash
Formed an initial scale from 2010 to 2013
dividends to shareholders, and the cumulative cash dividends 2025
reach up to 8.612 billion RMB. The consistent and substantial The cash dividend
In 2011, key routes including "Shanghai-Guangzhou",
In 2010, Zhonggu Logistics was officially dividends reflect the Company's robust profitability and its amounted to RMB 1,407
"Qingdao-Xiamen", "Qingdao-Guangzhou",
established. Its controlling shareholder Zhonggu "Taicang-Guangzhou", and "Rizhao-Guangzhou" commitment to reward shareholders. million (tax inclusive)
Shipping is one of the first companies in China were successively opened, marking that Zhonggu
specializing in container shipping in the domestic Logistics became one of the earliest domestic
trade sector container shipping enterprises in China to offer
premium shipping routes 2023
The cash dividend
Strategic transformation from 2014 to 2016 amounted to RMB 1,512million
(tax inclusive)
In 2016, big ships were 2024
In 2017, the direct-to-customer
In 2015, the shareholding introduced from "Zhonggu The cash dividend
strategy was launched, realizing
system reform completed and Shandong", "Zhonggu Liaoning", amounted to RMB 1,659
the transformation of service
was renamed as Shanghai etc., to improve the single ship million (tax inclusive)
objects from freight forwarders
Zhonggu Logistics Co., Ltd. load and shipping efficiency and
to direct customers 2021
reduce shipping costs
The cash dividend
amounted to RMB 1,438
New development from 2017 to 2021 million (tax inclusive)
The cash dividend
In 2017, strategic investors In 2019, with implementation of In 2021, further
such as Softbank China the multimodal transport strategy, In 2020, amounted to RMB 2,015
expanded transport
Venture Capital (SBCVC form a multimodal transport officially listed capacity and million (tax inclusive)
Softbank China Capital), logistics platform, and the industrial on A-share enhanced core
YTO Express、 Shanghai tentacles were extended from the main board competitiveness in
FTZ Fund,、East Bell economic hinterland of coastal and (603565. SH) a new development
Venture Capital and GLP riverside provinces and cities to the period
were introduced inland areas
A new future in 2022-2025
In 2022, the first container ship titled"Zhonggu Jinan"with 4,600 TEUs successfully set sail, and the strategy The cash dividend
of "bulk to container"was implemented in an orderly manner amounted to RMB 600
million (tax inclusive)
In 2023, 15 of 18 container ships with 4,600 TEUs have been delivered, and the remaining three will be
delivered in succession in the first half of 2024
In 2024, in collaboration with China State Railway Group, the first container multimodal transport "Through
B/L System" was jointly issued. This marks a historic breakthrough in the implementation of the "Through
B/L System" system for multimodal transport in China.
In 2025, the Company entered a new phase of global development by introducing external large-scale
models and launching the "Overseas First" strategy
Zhonggu Logistics at a Glance 10 Annual Features 11
Key Performance
Economic
Indicators Unit 2025 2024 2023
Total TEU capacity Tons Approx. 3.00 million Approx.3.39 million Approx.3.51 million
Container inventory TEUs Approx. 400,000 Approx.410,000 Approx.470,000
Shipping volume TEUs Approx. 9.77 million Approx.11.29 million Approx.15.00 million
Operating income RMB 10,616,882,022 11,258,253,186 12,438,791,418
Net income attributed to
RMB 2,001,054,067 1,835,400,630 1,717,277,555
shareholders
Income tax expense RMB 659,870,055 615,559,193 560,333,171
Annual Features
Audited basic earnings per RMB/
share share
Cash dividend RMB 1,407,042,279 1,659,049,851 1,512,045,434
Dividend payment rate % 70.32 90.39 88.05
Environmental Against the backdrop of profound
transformations in the global industrial
Indicators Unit 2025 2024 2023
landscape and deep integration with digital
Ton of CO2 equivalent/ technologies, the core competitiveness
GHG emissions intensity 62.55 71.94 80.95
million RMB of logistics enterprises is increasingly
defined by the systematic construction
Energy intensity kWh/million RMB 233,659.32 273,664.12 301,242.42
and synergy spanning strategy, operations,
Generation intensity of and technology. Based on the strategic
Ton/million RMB 0.11 0.12 0.12
hazardous waste principle of "bulk to container" and
Generation intensity of non- aligned with the national objective of
Ton/million RMB 0.05 0.04 0.05 "to speed up the building of a modern
hazardous waste
comprehensive transport system that
Water consumption intensity Ton/million RMB 9.35 8.57 8.16 is safe, convenient, efficient, green and
economical", Zhonggu Logistics has
Social established a strategic framework rooted
in "Green Intermodal Transportation" as
Indicators Unit 2025 2024 2023 its operational foundation, powered by
"AI Empowerment" as its intelligent core,
Total training input RMB10,000 286 295 290
and oriented toward "global expansion"
Average hours of training for as its growth frontier. These three
Hour 50.33 51.15 44.28
employees elements are closely interconnected and
mutually reinforcing: green intermodal
Number of complaints received
No. 106 65 170 transportation strengthens the efficient
about products and services
and collaborative operational base, AI-driven technologies enable intelligent upgrades across the entire
Donations RMB 5,630,000 408,804 200,000 supply chain, and global expansion opens new horizons for value growth. Together, they form the core
pillars supporting the Company' s evolution into a global intelligent supply chain service provider, driving
Employee volunteer hours Hour 4,746 3,797 12,000
the logistics service model toward a more efficient, intelligent, and sustainable future.
Social contribution per share RMB/share 1.58 1.50 1.65
Annual Features 12 Annual Features 13
Through B/L System for Multimodal Transport AI-Driven Intelligent Empowerment
The "Through B/L System for Multimodal Transport" reform serves as a core pillar for Zhonggu Logistics In parallel, Zhonggu Logistics has comprehensively advanced its "AI-Driven Intelligent Empowerment" strategy,
to strengthen its operational foundation and integrate strategic initiatives. By unifying business rules and leveraging technology to enhance business operations. This initiative has significantly improved the precision
reshaping service processes, the Through B/L System not only drives the green and low-carbon transformation of the Company's digital operations and the agility of its global business responsiveness. The Company
of the transportation structure but also achieves data connectivity and standardization across the entire has developed the "Zhonggu Xiaozhi" intelligent customer service system, which integrates advanced AI
supply chain. This provides a replicable and sustainable operational foundation for the Company’s intelligent technologies to deliver 24/7, high?accuracy customer support. This system effectively supports the expansion of
upgrades and global expansion. business across multiple global time zones, ensuring consistent and real?time service responses in all regions.
It strengthens service quality and customer experience for both domestic and international operations.
During the reporting period, the Company continued to implement and deepen this model. Through
collaboration with China State Railway Group, Zhonggu Logistics jointly operated standardized block trains Furthermore, to expand its integrated logistics business, Zhonggu Logistics has launched an intelligent
under the Through B/L System. By promoting the standardization of documents, data, and interfaces, multimodal transport order management platform. This platform organically integrates e?commerce,
the Company broke long-standing information barriers in multimodal transport, establishing a complete, Order Management Systems (OMS), and core business systems, thereby enhancing service capabilities for
standardized, and traceable business data flow. This provides robust support for intelligent dispatching and comprehensive logistics operations. By leveraging real?time location data, historical datasets, and algorithmic
decision-making. By the end of the reporting period, Zhonggu Logistics and China State Railway Group had models, the Company dynamically calculates and updates estimated arrival times for container flows.
successfully operated 400 standardized block trains under the Through B/L System, marking the large-scale Combined with route optimization and dispatch strategies, this approach significantly improves the utilization
implementation of the "a single consignment, a single bill of lading and a single container" service model. efficiency of transportation resources. It not only effectively reduces idle and waiting times for cargo but also
Meanwhile, the Company has actively advanced its "bulk to container" strategy as a key pathway to optimize the enhances operational performance, further lowering energy consumption and emissions. Additionally, the use
transportation structure and promote green logistics. By integrating bulk cargo into the standardized container of AI technology optimizes space allocation, improves empty container repositioning, and enables dynamic
transport system and leveraging the low-carbon advantages of waterway transportation, the Company has pricing adjustments, all of which contribute to increased operational efficiency.
effectively reduced energy consumption and emissions throughout the transportation process. According to
data released by the National Bureau of Statistics, China’s cargo turnover in 2025 reached 27,411.6 billion ton- During the reporting period, the Company also implemented intelligent upgrades to key operational processes
kilometers. If transported entirely by waterway, it would consume 71.04 million tons of standard coal and emit at ports, yards, and other critical nodes. These upgrades enabled the automatic issuance of work instructions
demonstrates stronger energy-saving and emission-reduction capabilities, contributing significantly to remote management and efficient coordination of overseas nodes. It allows Zhonggu Logistics to transcend
ecological protection. geographical limitations, rapidly replicate proven operational standards and management models across its
global network, and ensure the operational quality and service stability of its international business.
During the reporting period, the proportion of containerized cargo under Zhonggu Logistics’ "bulk to
Strategic Global Expansion
container" strategy accounted for approximately 15.27%, with a turnover volume of about 128.8 billion ton-
kilometers. Based on calculations, the carbon emissions from this transportation method amounted to
approximately 86,432 tons. Compared to full reliance on rail or road transport, this approach reduced carbon
emissions by approximately 1,439.13 million tons and 9,074.46 million tons, respectively, demonstrating
Against the backdrop of evolving global trade dynamics and the deepening of corporate development
significant environmental benefits. By leveraging the "bulk to container" strategy to provide standardized
strategies, Zhonggu Logistics has systematically shifted its business focus toward overseas markets since the
transport units and integrating end-to-end services via the Through B/L System, the Company has successfully
second half of 2024, establishing international expansion as a core pillar supporting its future growth. Under
transformed multimodal transport into an efficient, reliable, and green productized solution. This continues to
this strategic direction, the Company has significantly adjusted its shipping capacity, allocating approximately
drive efficiency improvements and low-carbon transformation in the logistics industry.
two?thirds of its fleet to international routes to fully support the development of global business. The remaining
capacity is dedicated to maintaining the foundational domestic network, with an increased reliance on flexible
leasing models to optimize the asset structure and enhance market responsiveness. To drive and support this
strategic transformation, the International Business Center has been continuously strengthened and expanded,
now serving as a core platform for global market development, standardized operational system deployment,
During the reporting period, by implementing the "bulk to container" and the delivery of intelligent logistics solutions.
model, Zhonggu Logistics achieved estimated savings of approximately
transportation relied entirely on rail and road transport, respectively. Yemen, Indonesia, India, Pakistan, Malaysia, and West Africa—the Company has deepened its understanding of
and adaptation to regional regulatory policies, infrastructure, and business practices. This enables continuous
localization of service models and the development of resilient operational frameworks. Complex cross?border
During the reporting period, Zhonggu Logistics reduced carbon and overseas multimodal transport scenarios have also provided valuable practical feedback for upgrading
emissions by a total of 86,432 tons through its ship trim optimization intelligent systems and enhancing global supply chain management capabilities. The Company is committed
project. to extending its domestically honed efficient operational networks and collaborative expertise worldwide.
Through technology empowerment and standards alignment, Zhonggu Logistics is working with international
partners to build stable and smooth cross?border logistics channels. This marks the Company’s steady
evolution from a leading domestic shipping service provider to a globally resource?integrated supply chain
orchestrator.
Strengthening ESG Governance 14 Strengthening ESG Governance 15
ESG Governance
System
ESG Governance Structure
To ensure the implementation and execution of the sustainable development strategy
and to fulfill its commitment to sustainability, Zhonggu Logistics has established a three-
tier governance structure consisting of the Board of Directors, an ESG Working Group,
and functional departments. This governance framework clearly defines the Board of
Directors' overall oversight and strategic guidance responsibilities for sustainability
matters, while ensuring strong support from management, thereby systematically
advancing the Group's governance in the field of sustainable development. Through
this hierarchical management system with well-defined authorities and responsibilities,
the Company is able to efficiently deploy ESG-related initiatives, systematically
address various ESG risks and challenges, deeply integrate the concept of sustainable
development into all operational processes, and continuously enhance its corporate
social responsibility performance and long-term sustainability capabilities.
As the highest decision-making body, it is
•
responsible for approving major ESG matters,
Board of regularly reviewing and assessing the progress
Strengthening ESG
Directors of ESG goal implementation, and evaluating and
determining significant ESG risks and sustainable
development strategic directions.
Governance
•Under the guidance of the Board of Directors,
it is responsible for the daily supervision and
coordination of ESG-related work across the group,
ESG Working formulating specific ESG development strategies,
Group management systems, and policy guidelines, and
leading the preparation of ESG reports and related
disclosure documents.
Zhonggu Logistics has always adhered to its corporate mission of "Changing China's
Logistics with Containers" and has made sustainable development a long-term
•In accordance with the established ESG strategy
strategic goal. By continuously implementing the concept of sustainable development,
and management guidelines, specific ESG-
Zhonggu Logistics has not only achieved commercial value but also created long-term
sustainable value for society.
Functional related tasks and initiatives are implemented in
Departments business operations to ensure that the principles
are integrated into daily responsibilities and
processes.
Responsibilities of the Board of Directors, ESG Working Group, and Functional Departments
Strengthening ESG Governance 16 Strengthening ESG Governance 17
Stakeholder Communication Double Materiality Assessment
Zhonggu Logistics regards stakeholder engagement as a critical cornerstone for advancing its During the reporting period, the Company strictly adhered to the requirements of the Guidelines No.
sustainable development strategy. We have established a regularized, multi-tiered, and two-way 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)
communication system targeting key stakeholder groups, including government and regulatory and systematically carried out the identification of material sustainability topics. We comprehensively
authorities, shareholders and investors, employees, customers, suppliers, and community/ considered external regulatory requirements, industry development trends, and the core concerns of
environmental representatives. Ongoing dialogue is maintained through diverse channels. various stakeholders to prudently determine the key topics.
Building on this foundation, we focus on six key dimensions—economy, governance, environment, Based on the principle of "double materiality" as required by the guidelines, the Company conducted
employee rights, supply chain management, and community development—to periodically and a systematic assessment of all topics. On one hand, we thoroughly analyzed the potential financial
thematically collect and analyze stakeholders’ core concerns and expectations. These inputs are materiality impacts of each topic on the Company’s business model, operations management, and
systematically integrated into the Company’s strategic planning and decision-making processes. strategic decision-making in the short, medium, and long term. On the other hand, we comprehensively
This mechanism not only ensures effective transmission and response to stakeholder needs but evaluated the significance of the Company’s performance and actions on these topics in terms of their
also drives continuous improvement in ESG management and practices, effectively advancing impact on the economy, society, and the environment. This assessment has laid a solid foundation for
multi-party value co-creation and contributing to the realization of the Company’s sustainable subsequent strategic focus and performance enhancement.
development goals.
Material Topic Identification: In the process of identifying material topics, the Company
Stakeholder Key Concern Communication Mechanism
adopted a clear analytical framework and established corresponding assessment criteria,
with domestic and international standards, industry policies, and regulatory requirements
Tax transparency Information disclosure
Government & as the core basis. Through various methods such as peer benchmarking analysis and
Anti-corruption Feature reports
regulatory authorities stakeholder interviews, the Company systematically identified potential material topics
Compliance Management Spot checks
closely related to its operations and development.
Corporate governance Shareholders' meetings
Shareholders & Risk management Information disclosure
investors Market performance SSE E-interactive roadshows
Economic performance Site visits
Impact Materiality Assesment: Comprehensive analysis of the scale, scope, irreversibility,
Equal employment and likelihood of impact on various issues through surveys and questionnaires from internal
Staff congress meetings and external stakeholders.
Diversity & equity of opportunity
E-school
Employees Employee care Financial Materiality Assesment: Comprehensive analysis by senior management of the
Employee satisfaction surveys
Training & education Company on the likelihood of risks and opportunities, the continuity of resource use, and the
Discussion& communication
Occupational health & safety dependency on the relationship to ongoing operations.
Client satisfaction survey
Client satisfaction
Communication and
Client privacy protection
Clients complaint channels
Optimization of ship operation
Trade shows & promotional Analysis of Results and Targeted Disclosure Enhancement: The Company’s Board of
Safety management
campaigns Directors reviewed and ultimately confirmed the findings of the dual materiality assessment
described above. Based on the Board-confirmed conclusions regarding the materiality of the
Signing of a contract/ topics, the Company adopted a results-oriented approach to establish a clear, prioritized,
Responsible sourcing
agreement and tiered guiding framework for information disclosure and practical improvement. This
Contractors/Suppliers Environmental & social
Supplier training framework serves as the basis for implementing targeted specialized management initiatives.
assessment of suppliers
Summits
Community interest Double Materiality Identification Process
Environmental compliance GHG
News media
Communities emission
Field investigation
Wastewater discharge
management
Strengthening ESG Governance 18 Strengthening ESG Governance 19
Response to Sustainable
Impact Financial
Category Topics
Materiality Materiality
Development Goals
Environment Climate Change ●●● ●●●
Environment Environmental Compliance ●●● ●●○
Social Innovation ●●● ●●○ Zhonggu Logistics is deeply integrated into the United Nations' 2030 Agenda for Sustainable
Development, actively responding to the 17 Sustainable Development Goals (hereinafter
Governance Stakeholder Engagement ●●● ●●○ referred to as "SDGs "), and fully incorporating them into its sustainable development strategic
framework. When formulating ESG strategies, the Company focuses on the core issues of the
Social Data Security and Customer Privacy ●●● ●●○ logistics industry, promoting the precise alignment of sustainable development goals with
business practices through systematic planning and resource integration. This strategy not
Social Product and Service Safety and Quality ●●● ●●○ only reflects substantial support for the global vision of sustainable development but also
contributes corporate strength to building an inclusive, low-carbon global supply chain system
Social Supply Chain Security ●●○ ●●○ through industry innovation and responsible practices.
Social Technology Ethics ●●○ ●○○
Environment Waste Management ●●○ ●○○
Governance Anti-Commercial Bribery and Anti-Corruption ●●○ ●○○
Social Employee ●●○ ●○○
Governance Anti-Unfair Competition ●●○ ●○○
Environment Emission of Pollutants ●○○ ●○○
Environment Energy ●○○ ●○○
Environment Water Resource ●○○ ●○○
Environment Circular Economy ●○○ ●○○
Environment Ecosystem and Biodiversity ●○○ ●○○
Governance Due Diligence ●○○ ●○○
Equal Treatment of Small and Medium-sized
Social ●○○ ●○○
Enterprises
Social Public Welfare ●○○ ●○○
Social Rural Revitalization ●○○ ●○○
Results of the Double Materiality Analysis for Material Topics
Strengthening ESG Governance 20 Strengthening ESG Governance 21
SDGs Response action of Zhonggu Logistics SDGs Response action of Zhonggu Logistics
Zhonggu Logistics has established a systematic safety management and occupational health
The Company adheres to the principles of fair and equitable employment, actively fosters a diverse and
protection system, enhancing employees' risk prevention and emergency response capabilities
inclusive workplace environment, and is committed to providing equal development opportunities
through regular safety and health training. Additionally, the Company provides timely financial
and growth space for every employee. By establishing scientific and rational talent allocation and
support to employees through the "Zhonggu Care Fund," with a cumulative expenditure of RMB
mobility mechanisms, we promote balanced distribution of talent across dimensions such as gender,
age, and geography, thereby stimulating the organization’s inherent vitality.
health, and well-being.
The Company has established a tiered and categorized talent development system. By The Company actively fulfills its corporate social responsibilities and continues to increase
implementing executive external training programs, developing high-level management investments in community public welfare and volunteer services. During the reporting period,
boutique courses, and building a standardized training system for new employees, the Company a total of 433 employees participated in various social welfare activities, with expenditures on
ensures effective alignment between talent pipeline development and business growth needs. community support and public welfare projects amounting to 282,828.24 RMB.
Guided by the core value of workplace equality, the Company is committed to providing The Company continuously enhances its container management system, implementing
all employees with a fair and transparent platform for career development. In the talent comprehensive quality management centered on system operation and maintenance as well as
recruitment process, we have established diversified hiring channels and adhere to the route optimization. This approach effectively ensures safety and operational efficiency across
principles of diversity, inclusion, and fairness. Through continuous innovation in recruitment all stages—from allocation and transportation to delivery, thereby providing reliable support for
strategies and practices, we ensure the breadth and impartiality of talent selection. the overall logistics services.
The Company has established a full-process water resource management system covering The Company adheres to green shipping as a core strategic direction, strictly complying with
water withdrawal, storage, usage, and wastewater treatment, implementing systematic and the emission standards set by the International Maritime Organization (IMO) and regional
standardized control over all water-related aspects within its operations. By setting water regulations, and systematically advances the environmental performance upgrade of its vessels.
withdrawal quotas, optimizing water usage processes, and standardizing wastewater treatment By optimizing hull design, applying energy efficiency enhancement technologies, promoting
and recycling criteria, the Company achieves integrated planning, closed-loop management, eco-friendly marine coatings, and adopting clean energy, the Company consistently reduces
and efficiency improvement of water resources from source to discharge. This ensures that the energy consumption and emission intensity of vessel operations. These efforts actively
water usage practices comply with environmental requirements and promote sustainable contribute to energy conservation and emission reduction, driving the transformation of
operations. shipping operations toward low-carbon and sustainable practices.
Zhonggu Logistics actively responds to the national policy direction of green shipping.
Through the coordinated advancement of technological innovation and operational
Through the implementation of systematic vessel energy efficiency improvements and
management, the Company has systematically implemented water?saving process
operational optimization measures, the Company has effectively reduced fuel consumption
improvements and wastewater recycling projects. These initiatives comprehensively enhance
and progressively developed a distinctive Zhonggu fuel efficiency management system. This
the efficiency of water resource utilization on vessels, reduce wastewater discharge, and
contributes to building a more efficient, lower-carbon, and sustainable shipping operational
strengthen the resource sustainability and eco?friendliness of shipping operations.
framework.
The Company continuously optimizes its compensation and benefits system. Based on in-depth The Company continuously improves its governance structure, systematically enhancing internal
research into industry market benchmarks, it has established a dynamic incentive mechanism anti-corruption controls and compliance management capabilities. Building on this foundation,
centered on competency and performance contribution. Furthermore, the Company implements we further strengthen integrity oversight of suppliers. By regularly conducting compliance training
an employee performance feedback system, which clarifies work objectives and evaluation and integrity awareness initiatives, we promote a clean and standardized cooperative environment
criteria, fosters effective alignment between individual growth and organizational development, across the supply chain, providing solid assurance for the Company’s sustainable and responsible
and facilitates the mutual advancement of both talent and the enterprise. operations.
The Company continuously advances the digital transformation of its operations, establishing
a technology?driven operational system based on informatized management to support the The Company has established an open and transparent bidding management system, strictly
overall upgrading of the shipping industry. By implementing intelligent dispatching systems adhering to fair and equitable procurement principles. It is committed to building and
and optimizing data collaboration processes, the Company has significantly improved vessel maintaining long-term, stable, and trustworthy partnerships with suppliers on a foundation of
operational efficiency and customer service responsiveness, enabling high?quality and compliance.
sustainable business development through digital empowerment.
Leading in Low-carbon Shipping 22 Leading in Low-carbon Shipping 23
Climate Change Management
Zhonggu Logistics consistently adheres to compliant operations and proactively explores solutions for climate
and environmental challenges. The Company has established a systematic climate change governance
framework, identifying relevant risks and opportunities in accordance with the TCFD (Task Force on
Climate?related Financial Disclosures) guidelines, and has formulated scientific response strategies based on
this analysis. Through the setting of quantitative targets, ongoing monitoring, and regular reviews, Zhonggu
Logistics ensures the precision and effectiveness of all measures, driving the sustainable advancement of
climate governance.
Climate Change Governance
During the reporting period, we formulated the Zhonggu Logistics Climate Change Management Policy ,
integrating climate management functions deeply into the Company’s ESG governance structure. By
Leading in Low-
optimizing communication mechanisms and collaboration processes, we have facilitated efficient coordination
across management levels, steadily enhancing the effectiveness of climate governance.
carbon Shipping
•Decision-making on key matters related to climate risks and
opportunities
Board of •Review and critique progress on climate change related objectives
Directors •Assessment and identification of relevant climate risks and
opportunities and response strategies
Green development has always been the core strategy of Zhonggu
ESG Working •Oversee climate change related work
Logistics, which actively leads the new era of low-carbon shipping. In the
Group •Develop strategies to address climate risks and opportunities
face of the severe challenge of global climate change, Zhonggu Logistics
has always taken China's "dual carbon" goal and the International
Maritime Organization (IMO) 2050 decarbonization goal as the lead,
continuously improved the climate change management system, and
integrated the low-carbon concept into the entire operation process. We •Identify the risks and opportunities related to climate change
Functional
continue to optimize ship energy efficiency, explore green technology, •Conduct work related to strategies to address climate risks and
Departments
and progressively advancing specific measures such as exhaust gas opportunities
treatment, shore power utilization, biofuel trials, and carbon footprint
management. We provide customers with efficient and environmentally
friendly transportation solutions, and promote the green transformation
Structure of Climate Change Governance
of the shipping industry through practical actions.
Leading in Low-carbon Shipping 24 Leading in Low-carbon Shipping 25
Strategy of Climate Change Governance
Potential
Risk category Risk name Risk description Response strategy
financial impacts
Zhonggu Logistics has developed a systematic climate change management strategy. Based on climate scenario
analysis, the Company identifies and assesses climate-related risks and opportunities, categorizing them into short Climate change-related legislation
term (0-3 years), medium-term (3-10 years), and long-term (over 10 years). Additionally, in response to the identified is being progressively strengthened
globally. The Chinese government
risks and opportunities, the Company has formulated management strategies and plans to ensure that climate risk
has continued to promote green
management progresses in tandem with business development. shipping, support the low-carbon
transformation of the shipping
industry, and strengthen the energy
use requirements for enterprises. At
the same time, IMO has put forward
Potential the requirement of continuous
Risk category Risk name Risk description Response strategy Increased
financial impacts reduction of carbon emission
compliance risks
intensity in the international
may result in
It can easily cause damage to Conduct shipping industry in the IMO Initial
environmental
Tsunami, shipping infrastructure, including the Rising operational forward?looking Requirements Strategy for Greenhouse Gas
penalty expenditures,
rainstorms and destruction of port facilities, while costs. research and forecasting and regulatory Emission Reduction from Ships , with
potentially leading
other natural also posing direct threats to ship Impairment of of future weather shifts measures such as MEPC 83 aiming
to one time non
disasters structural safety, cargo, and crew existing assets. conditions. to reduce the carbon intensity of
operating expenses,
members. Carry out emergency international shipping by at least
thereby raising
drills for extreme 20% by 2030 compared to 2008
operational costs.
weather events. levels. In addition, the introduction
Strong winds and cyclones, Establish early warning of some national laws and
Continuously
etc. will affect the navigational and prevention regulations or restrictive clauses on
monitoring possible
climate change and the ecological
Acute risks performance of ships, including mechanisms for extreme policy and regulatory
Extreme lowering their speed and climate events, along environment has resulted in certain
trends and conducting
weather deviating from their course. In Rising operational with corresponding restrictions or impacts on The
timely learning and
conditions port operations, strong winds costs. emergency response Company's operations such as its
training. Taking
such as will directly affect the berth Impairment of protocols. Improve the ocean freight forwarding business,
measures to reduce
typhoons and safety of ships, which may lead existing assets. operational mechanism which may give rise to some legal
exhaust gas pollution,
cyclones to longer waiting time at berths of the emergency proceedings risks.
such as installing
or interruption of operations, management leadership Transition Policy and nitrogen removal
increasing the uncertainty of cargo team, headed by the With the further opening of the
risks legal risks national carbon market, carbon
devices. Laying out
delivery. Company’s general the carbon market
manager. trading prices are likely to rise,
in advance and
which may subsequently impact the
conducting research on
Continuously rising average Company's internal environmental
internal carbon pricing
temperatures and changes in management, operational decisions,
mechanism. Actively
Physical extreme wind speeds will not and operational costs. Additionally,
Global average promoting green energy
the European Union Emissions
risks temperature
only change the seaworthiness of Rising operational
Planning Carbon transformation and
traditional routes but may also force costs. Trading System (EU ETS) will begin Rising operational
rise alternate routes. Markets and exploreing green fuel for
shipping companies to adjust sailing imposing greenhouse gas emission costs.
Exploring the Carbon Trading ships.
time windows and route network fees on commercial vessels with
direction of high a gross tonnage exceeding 5,000
layouts.
fuel efficiency starting in 2026. As the Company
or future new actively advances its foreign trade
Rising sea levels will pose a major
energy fuel. route business, it may be subject
threat to coastal port infrastructure,
Actively to EU ETS regulations, potentially
with ports located at low elevations,
promoting the incurring additional operational
in particular, at risk of inundation.
application of costs.
Chronic Such geographic changes will lead to Rising operational
green shipping
risks Sea level rise
the permanent failure of some port costs.
technology
facilities, forcing shipping companies Impairment of In 2018, China's Ministry of
and indirectly Transportation and Communications Increased
to re-engineer their global route existing assets.
protecting (MOTC) issued the Implementation compliance risks may
networks, increasing detour
the ecological Plan for Ship Air Pollutant Emission result in expenditures
distances and fuel consumption, and
environment of Control Areas . The new Guidelines on environmental
significantly pushing up operating Control of air
water transport for the Supervision and Management penalties, potentially
costs. pollution from
through of Air Pollutant Emissions from Ships leading to one-
measures such ships
Ocean acidification will accelerate The increase in will come into force on January time non-operating
Ocean as hull design 1, 2020, which puts forward new expenses, which in
the rate of corrosion of ship hulls, maintenance costs
acidification optimization. requirements for the statistics and turn could drive up
port infrastructure and related will lead to a rise in
and damage supervision of air pollution from operational costs.
infrastructure and facilities, revenue expenditure,
to marine ships.
resulting in higher maintenance thereby driving up
biodiversity
costs for The Company. operational costs.
Leading in Low-carbon Shipping 26 Leading in Low-carbon Shipping 27
Potential Opportunity Climate-related Definition of
Risk category Risk name Risk description Response strategy Potential Financial Impact Response strategy
financial impacts type opportunities opportunities
Higher carbon tax costs on crude oil
Rising energy and the application of fuel cleaner Rising operational As global low?carbon
prices technologies have increased the costs. regulations tighten,
Actively promoting Zhonggu Logistics Researching low-carbon
price of fuel oil.
green energy transition actively introduces AI products,
and exploring green
Market Customers are making demands technology to translate continuing to promote the
fuel for ships. Studying green principles into "Through B/
risk related to the reduction of carbon
A potential decrease the extent of green
Changes in emissions in containerized actionable product L System" transportation
in customer demand consumption shift in the solutions. Through model, and
Customer transport operations or preferring
may lead to a decline market AI?driven optimization of Low?carbon products and continuing to disclose its
Behavior energy-based transport services
in operating revenue. Low-carbon vessel energy efficiency services may lead to an low carbon
that produce no or fewer carbon Products and
emissions. product and and precise carbon increase in customer demand, performance.
services service innovation footprint calculations, thereby driving up operating Actively introducing AI
Research and the Company supports revenue. technology to explore
development Without systems or new technologies Actively promoting the development of efficient solutions for
Increased R&D "low?carbon transport" meeting customer needs,
of energy- to replace traditional fuels, The green energy
Technology costs may lead to a offerings. This addresses enhancing delivery
saving and Company could be impacted by transformation and
risk emission increases in fossil fuel prices and
rise in operational
exploring green fuel for customers’ core capabilities, and reducing
expenses.
Transition reduction regulatory compliance. ships. demand for eco?friendly the carbon footprint of
risks technologies solutions and advances services.
green shipping from
Investors, regulators, customers and vision to practice.
other stakeholders are demanding
higher disclosure requirements from Continuously disclosing
Disclosure of A potential decline Compared to other
the shipping industry in addressing sustainability
information in customer transportation methods,
climate change. If management is information and
relating to demand may result such as air freight,
not compliant or environmental improving the level
environmental in a reduction in road transport, and
performance disclosure is not of detail of its own
performance operating revenue. rail transport, shipping
thorough, it will affect corporate disclosure.
Reputational demonstrates superior
reputation and damage corporate
risk image.
performance in reducing
CO2 emissions per ton- Continuously promoting
kilometer. Additionally, Diversified transportation transportation models such
Actively improving our
Investors and customers may A potential decline shipping exhibits services can meet a variety as "bulk-to-container" and
Intense inter-firm own environmental Marketing
choose competitors with better in customer higher adaptability to of customer needs, leading " Through B/L System ",
competition for performance and Market and customer
certain extreme weather to an increase in customer while actively expanding
environmental performance, demand may result
environmental continuing to work on development
resulting in lower revenues for The in a reduction in conditions, such as demand, which in turn drives customer needs to meet
performance energy conservation and
Company operating revenue. heavy snowfall. As a up operating revenue. their demands for a greener
emission reduction.
result, as customers gain market.
a deeper understanding
of their own needs,
an increasing number
Guided by the strategic principle of "Seeking Opportunities in Challenges," Zhonggu Logistics transforms climate of them may shift
governance into a driver of development. Amid accelerating global climate transitions, the Company systematically their transportation
identifies and assesses related opportunities through structured mechanisms, with a particular focus on emerging preferences toward
fields such as green shipping. By innovating business models, the Company enhances its competitiveness in green shipping.
logistics, achieving synergistic growth in both environmental and commercial value.
Opportunity Climate-related Definition of
Potential Financial Impact Response strategy
type opportunities opportunities
There will be more green
energy possibilities for The price of green energy Continuously strengthening
the shipping industry in may gradually decrease the green ship system to
Energy Transformation of
the future, such as green as technology matures, ensure business continuity
sources the energy mix
fuels and expansion potentially lowering by increasing the use of
of shore power operational costs. renewable energy.
installations.
Leading in Low-carbon Shipping 28 Leading in Low-carbon Shipping 29
Risk Management Metrics and Targets
Zhonggu Logistics has deeply embedded climate risk management into its corporate governance framework, Zhonggu Logistics has incorporated climate change-related indicators into the scope of data collection and
establishing a comprehensive control mechanism that covers the entire chain of "identification, assessment, and management and regularly discloses relevant data to enhance information transparency. During the reporting
response." To address physical risks, the Company adopts a dual track strategy of "institutional foundation building period, the climate change-related indicators are as follows:
+ technological empowerment," ensuring operational stability by refining organizational structures and upgrading
infrastructure. Simultaneously, leveraging its technological strengths, Zhonggu Logistics translates low carbon
principles into drivers of product innovation, developing green vessels and shipping solutions. This approach
Indicator Unit 2025 2024 Changes
not only effectively mitigates risks but also precisely captures opportunities arising from the climate transition,
positioning the Company as a leader in driving the industry’s green transformation.
Scope 1 Total GHG Ton of CO2
emissions equivalent
Scope 2 Total GHG Ton of CO2
Institutional guarantee 913.041 2,716.652 -66.39%
emissions equivalent
Scope 3 Total GHG Ton of CO2
•Zhonggu Logistics has established a systematic climate risk emergency management system. By 4,647.23 / /
emissions 3 equivalent
formulating and implementing specialized plans such as the Ship/Shore Emergency Manual and the
Instructions on Typhoon Prevention and Resistance , the Company has built a comprehensive mechanism
to respond to extreme weather conditions. Regular emergency drills and training sessions are conducted Ton of CO2
to ensure the effective implementation of all preventive measures. Through the adoption of proactive Total GHG emissions 664,052.10 809,863.89 -18.00%
equivalent
management practices, the Company has effectively safeguarded crew safety, vessel integrity, and cargo
security, providing reliable safety assurance for business operations and ensuring the stable functioning
of its service network. Ton of CO2
GHG emissions intensity equivalent/ million 62.55 71.94 -13.06%
•The Company has established an emergency response team for extreme weather events such RMB
as typhoons, convenes typhoon prevention meetings, conducts analysis and briefings on typhoon
conditions, and shares updates in the typhoon prevention work group. After the extreme weather event, Total direct energy
kWh 2,479,276,045.25 3,075,916,402.69 -19.40%
the marine operations supervisor promptly follows up to inspect vessels for damage, compiles and consumption
reports the findings to the typhoon prevention team, and the technical operations supervisor arranges
and guides the vessels in carrying out repairs while providing necessary support. Gasoline kWh 66,566.18 1,436,680.23 -95.37%
Diesel kWh 237,121,389.55 242,131,725.18 -2.07%
Low sulfur fuel oil kWh 2,218,349,015.29 2,806,590,130.45 -20.96%
Technical guarantee Lubricating oil kWh 23,739,074.24 25,757,866.83 -7.84%
Total indirect energy
kWh 1,457,340.17 5,062,713.69 -71.21%
•On ocean routes, the Company innovatively introduced professional meteorological navigation services, consumption
and built an intelligent route optimization system through cooperation with internationally renowned
meteorological agencies, which effectively avoided navigational risks brought by extreme weather, such Purchased electricity 4 kWh 1,457,340.17 5,062,713.69 -71.21%
as typhoons and rainstorms, and significantly enhanced the operational efficiency of the vessels. During
the Reporting Period, the Company's fleet achieved a safe operation record of zero meteorological
accidents, laying a solid foundation for the continuous improvement of shipping safety management
level. 1
The emission factor used here is the national average grid CO2 emission factor of 0.5306 kg CO2/kWh, as published in the
Announcement on the Release of 2023 Power Grid Carbon Dioxide Emission Factors issued by the Ministry of Ecology and
•We actively promote the design of green vessels, continuously reducing the impact of shipbuilding Environment on December 31, 2025.
and operations on the marine ecosystem through measures such as optimizing hull trim and applying
environmentally friendly, non?toxic paints. At the same time, we significantly increase the installation The emission factor used here is the national average grid CO2 emission factor of 0.5366 kg CO2/kWh, as published in the
Announcement on the Release of 2022 Power Grid Carbon Dioxide Emission Factors issued by the Ministry of Ecology and
rate of shore power facilities on vessels, replacing traditional fuel?based power with clean electricity.
Environment on December 26, 2024.
This effectively improves energy efficiency and reduces greenhouse gas and pollutant emissions.
In 2025, we accounted for the greenhouse gas emissions generated under Scope 3, Category 1: Purchased Goods and Services.
The scope of the 2024 purchased electricity data has been optimized and revised from previous year. The scope of the 2024 data
includes total purchased electricity for ship production and operation and total purchased electricity for office administration.
Leading in Low-carbon Shipping 30 Leading in Low-carbon Shipping 31
•Relying on the PMS system5 to monitor and timely eliminate all kinds of running, risking,
dripping and leaking phenomena of oil, water and gas, and reduce the resulting energy
waste.
Low-carbon Sailing
•A regular underwater inspection and dynamic cleaning mechanism has been established
Hull detailed for vessels operating in high?temperature sea areas. Taking Zhonggu Dalian as an example,
management after hull cleaning, the vessel’s maximum rotational speed increased by approximately
completed underwater operations on 17 vessels, applying differentiated treatments
based on fouling levels. Through precise input, this approach achieves an optimal balance
between vessel performance enhancement and operational cost management.
Green Ship System
Zhonggu Logistics has established a low-carbon management system that covers the entire value chain, integrating
Fuel Management
the concept of green ships into strategic planning, operational management and organizational culture construction.
In its emission reduction practices, the Company continuously improves vessel energy efficiency through technical
measures such as optimizing sailing speeds and meticulously planning routes. At the same time, it implements a
company wide green office initiative, reducing operational carbon emissions by focusing on managerial details. Zhonggu Logistics has established a systematic energy management
This integrated approach enhances both environmental benefits and operational efficiency, advancing the shipping system, taking fuel efficiency management as the core approach
industry toward greater sustainability. to achieve low-carbon transformation in shipping. The Company
innovatively constructed a three in-one fuel efficiency improvement
Green Ships plan of "system + technology + management": at the system level,
it formulated the Energy Management System and the Zhonggu
Zhonggu Logistics integrates the concept of "green ship technology" throughout the entire lifecycle management Logistics Fuel Management Measures covering the entire fleet,
of its fleet, establishing a systematic green operational system. Through multi dimensional technological implementing full life cycle management of the fuel supply chain; at
enhancements, including iterative design optimization and the application of eco friendly materials, the Company the technical level, the Company used the ship monitoring system to
continuously improves the environmental performance of its vessels. This drives the fleet toward a lower carbon and optimize routes in a timely manner, achieving refined management of
more sustainable evolution. fuel; at the management level, the Company took multiple measures
to save fuel use, forming a fuel efficiency management model with
Zhonggu characteristics, further promoting the green transformation Ship Shore Power Installation
of the shipping industry.
•Featuring an S-BOW hull design, which provides superior speed and seakeeping
performance;
•Conducting hull trim optimization by adjusting the vessel’s draft and fore?aft trim angle
Green design
to alter its hydrodynamic characteristics, thereby reducing sailing resistance and improving Procurement: fuel control
for ships fuel efficiency;
•Applying silicone?based paint to decrease hull resistance. Internal calculations show that
vessels using silicone?based paint can achieve approximately 4.5% lower fuel consumption. •We have formulated the Fuel Oil Quality Control Management Program (Trial) to strictly control
fuel quality from the source. All oil products shall be sampled and monitored by the authority,
and tested 24 hours before formal use to ensure fuel efficiency.
•The latest version of the main engine is equipped with a shaftholding axle generator,
Green design which provides better fuel-efficiency performance for the vessel. Bunkering: accurate gauging
for mechanical •Adoption of energy-saving facilities such as high-efficiency propellers, anti-vortex fins,
system energy-saving pre-rotation ducts and flap rudders, etc., to enhance the ship's energy-
efficiency performance. •We have compiled the Management System for Equipping, Calibration, Use and Maintenance
of Measuring Instruments to standardize the measuring operation and management of tools. Our
oil measurement personnel boards the vessel to conduct the measurement, preventing the fuel
waste caused by reasons such as fuel storage error or inaccurate measurements.
•Improve the installation rate of shore power equipment on existing vessels and require
vessels to prioritize the use of shore power during berthing in domestic ports in order to
reduce the fuel consumption of vessels.
Green design •As of the end of the Reporting Period, all 48 vessels owned by Zhonggu Logistics have Storage: maintenance
for energy been equipped with high (low) voltage shore power facilities. During the Reporting Period,
system the cumulative shore power connection duration of all self-operated vessels totaled 5,778
•We have formulated many rules and policies such as the Instructions on Ship and Equipment
hours, with electricity consumption reaching 1,298,016 kWh. This collectively reduced fuel
consumption by approximately 299 tonnes and decreased greenhouse gas emissions by
Maintenance , the Instructions on Management of Spare Parts and Materials of Ships and
the Instructions on Ship Fuel Management to refine management and maintenance of ship
over 900 tonnes.
conditions, eliminate fuel waste caused by evaporating, emitting, dripping or leaking of ship fuel.
Leading in Low-carbon Shipping 32 Leading in Low-carbon Shipping 33
Paper Electricity Water Business Trip
Management Managment Management Management
Usage: route optimization
•We have formulated many rules and policies such as the Instructions on Ship and Equipment
Maintenance, Instructions on Management of Spare Parts and Materials of Ships and Instructions
on Ship Fuel Management to refine management and maintenance of ship conditions, eliminate •The Company office •Call on employees to •Adopt induction water •Encourage employees
fuel waste caused by evaporating, emitting, dripping or leaking of ship fuel. unified management turn off the electricity collection for hand to give priority to
of office printing when not reqiured. washing, stopping when high-speed rail, train,
equipment, requiring •Power supply in the not in use, effectively subway and other public
employees to use office area is divided into avoiding the waste of transportation to reduce
Supervision: Examination of Abnormalities
double-sided printing as zones, and the number water resources. carbon emissions during
far as possible to avoid of lights is appropriately travel.
•In daily fuel consumption management, the Company analyzes the consumption statistics paper waste. reduced for overtime
curve, carries out timely examination of abnormal consumption to avoid waste of fuel work on holidays.
consumption, and carries out carbon intensity tracking and management for ships on
international routes.
Planning Phase: Fuel Selection
Green Office Management
•To comply with the requirements of the International Maritime Organization’s Marine
Environment Protection Committee and in alignment with Zhonggu Logistics’ internal
development strategy, we aim to achieve approximately 38% B24 biofuel usage in our owned fleet
Ecological Co-construction
by 2030, thereby reducing greenhouse gas emissions from international shipping operations.
Management Process of Ship Energy Consumption
During the reporting period, the fuel consumption per 100 nautical miles for Zhonggu Logistics' self-operated fleet
was 6.68 tonnes, representing a 16.9% decrease compared to 2024. The primary reason for this reduction is that five
large vessels (4,600 TEU) were withdrawn from self-operation and leased to other companies for management. Fuel Zhonggu Logistics regards environmental compliance management as a core safeguard for its sustainable
consumption per 100 nautical miles decreases as the vessel size becomes smaller. development, establishing a multi?tiered environmental risk prevention and control system. The Company
strictly aligns with international standards such as the International Maritime Organization (IMO) Convention,
the International Convention for the Prevention of Pollution from Ships (MARPOL), while also adhering to
environmental regulations in its operational regions. It has implemented a comprehensive environmental
Green Office
management system covering resource management, emission control, and waste disposal, ensuring that all
operational activities comply with environmental requirements.
Water Management
Zhonggu Logistics integrates the concept of green office into its corporate culture, fostering a low?carbon atmosphere
with full employee participation through a dual approach of hardware upgrades and awareness promotion.
The Company systematically implements green enhancements in office facilities and continuously strengthens
employees' environmental awareness in daily management, encouraging low?carbon behaviors to become ingrained
work habits. This ensures that the green ethos is effectively translated into the daily practices of every employee. Zhonggu Logistics considers water resource management a key driver of its ecology?first strategy and has
established a full?process control system. The Company has issued the Ship Water Resource Management
Plan and the Implementation Plan for Reducing Freshwater Consumption of Domestic Trade Ships, covering
all stages from water intake, storage, and usage to wastewater treatment. By addressing equipment leakage
and enhancing crew awareness of water conservation, the Company achieves efficient utilization and precise
management of water resources.
Leading in Low-carbon Shipping 34 Leading in Low-carbon Shipping 35
Oil wastewater Ballast water Domestic sewage
management management management
Less freshwater Seawater
•Refined management: •Reasonable planning: •Storage compliance:
consumption desalination
Through process analysis, In accordance with the Our vessels are equipped with
review and summary,we International Convention on domestic wastewater storage
•Implementing a cross-secctional •Each vessel of Zhonggu Logistics have reduced the slag yield the Control and Management tanks and the off-board direct
comparasion among ships in the is equipped with a freshwater of residues after cooking of Ships' Ballast Water and sea valve is cut off to eliminate
water consumption, we've identified generator during international oily sewage, implementing Sediments issued by the non-compliant storage.
the measures for reducing freshwater voyages, the distilled water is the system of accountability IMO, Zhonggu Logistics has •Efficient disposal:
use and taken such measures in the stored in a freshwater tank for daily for ships that exceed the developed ballast waterrelated All domestic wastewater
fleet. We usually used river water life, engine-room equipment and standards. management plans to ensure must be treated by domestic
to clean the decks of our ships to cooking.
•Emission supervision: compliance in terms of ballast wastewater treatment
reduce the freshwater consumption.
For the discharge of oily water. devices. We regularly cultivate
wastewater, each vessel for •Technical upgrade: microorganisms and apply
foreign trade is equipped with All of the Company's current disinfectant tablets to reduce
an oil-water separator and a 15 ballast water treatment the pollutants in domestic
During the reporting period, our water consumption and discharge were as follows: PPM monitor. For the purpose systems adopt the technical sewage.
of traceability, the fleet timely means of mechanical •Emission control:
records the discharge of treatment (filtration) and The domestic wastewater is
Category Unit 2025 2024 Change oily wastewater in the Oily physical treatment (nitrogen discharged into the sea 12
Wastewater Logbook , and asphyxiation method) nautical miles away after being
Total water consumption ton 99,219.85 96,470.00 2.85% the maintenance department to continuously improve pulverized in strict accordance
regularly inspects the ship's theefficiency of ballast water with the discharge rate
Water intensity ton/RMB million 9.35 8.57 9.05% wastewater control facilities treatment. requirements. The qualified
onboard. •Certification guarantee: domestic wastewater after
•Optimization and All ships of the Company biochemical treatment may
rectification: have complied with the D-2 be pulverized and discharged
Zhonggu Logistics strictly complies with domestic and international environmental regulations, establishing a The Company actively standard (Biological and to places 3 nautical miles
categorized management system for vessel wastewater. In accordance with the requirements of the Water Pollution seeks problems through Hygienic Standards for Ship offshore according to the
Prevention Law of the People's Republic of China, the Marine Environmental Protection Law of the People's Republic interviews on all our Ballast Water Treatment) discharge rate. In waters where
of China and the International Convention for the Prevention of Pollution from Ships, the Company implements selfowned vessels to check the since 2017, and all ship ballast discharge is not allowed, such
differentiated management for domestic sewage and machinery space wastewater, defines compliant discharge and generation,management and water treatment systems are as the inland sea of China, any
treatment standards, and ensures that the entire process of wastewater disposal meets environmental regulations. discharge of oily wastewater in compliance with USCG wastewater is taken back to
This effectively mitigates the risk of marine environmental pollution. from ships, and propose certification. shore for disposal.
rectification measures for the
problems found.
Wastewater Management
During the reporting period, our water consumption and discharge were as follows:
Category Unit 2025 2024 Change
Production wastewater Ton 16,449.84 12,110.60 36.2%
Domestic wastewater Ton 493.75 4,807.00 -89.7%
Total amount of
Ton 16,822.24 16,917.60 -5.64%
wastewater discharge6
Wastewater discharge
Ton/million RMB 1.58 1.50 5.63%
intensity
Leading in Low-carbon Shipping 36 Leading in Low-carbon Shipping 37
Waste Gas Management
Zhonggu Logistics has established an atmospheric pollution prevention and control system that covers " source Waste Management
control + process optimization + end treatment", strictly aligning with the Law of the People's Republic of
China on the Prevention and Control of Atmospheric Pollution . The Company has innovatively introduced the Zhonggu Logistics strictly adheres to domestic regulations such as the Environmental Protection Law of
Implementation Guidelines for Air Pollution Emission Control Areas in Chinese Waters for Ships . By optimizing fuel the People's Republic of China , the Energy Conservation Law of the People's Republic of China , the Marine
usage, strengthening process management, and implementing exhaust gas treatment, the system enables precise Environmental Protection Law of the People's Republic of China , as well as international standards like the
regulation of emissions from vessel operations, effectively reducing the impact of air pollution on port cities and International Convention for the Prevention of Pollution from Ships (MARPOL) . The Company has established
coastal regions. institutional guidelines such as the Instructions for Ship Pollution Prevention and Management , and the Pollution
Prevention Codes to ensure systematic and regulated management. Additionally, we require all vessels to rigorously
Process End-to-end implement the Ship Garbage Management Plan , ensuring precise classification of waste oil, domestic garbage, and
Source control
optimization governance other types of waste to enhance waste management efficiency.
Zhonggu Logistics implements a closed?loop management system for hazardous waste such as oil sludge and
•Usage of low-sulphur fuel •Regular maintenance of •Installation of nitrogen
oily residues, entrusting qualified third?party units with compliant shore?based disposal. The Oil Supervision
oil to reduce emissions of the oil separator and header removal devices to ensure
sulphur dioxide and other exhaust valves to ensure compliant emissions of Department oversees the entire process of oily water discharge measurement to strictly prevent fuel loss.
air pollutants. adequate combustion and exhaust gases. Meanwhile, formal operational requirements are explicitly stipulated in supplier agreements to eliminate risks of
reduce harmful emissions. oily pollution and unauthorized sales. During the reporting period, the Company safely discharged xx cubic meters
of oily water, with no record of violations or irregularities throughout the process, effectively mitigating potential
environmental hazards.
Management Process of Waste Gas
Zhonggu Logistics implements standardized management of vessel?generated domestic waste and hazardous
Installation of Vessels Denitrification Devices
waste, strictly adhering to the International Convention for the Prevention of Pollution from Ships (MARPOL)
and port environmental regulations. The Company entrusts qualified third?party units to carry out compliant
shore?based disposal, ensuring that the entire waste handling process meets environmental requirements. We
As of the end of the reporting period,
have established a waste management ledger covering the entire fleet, which provides end?to?end recording
Zhonggu Logistics had equipped two vessels
and tracking of the generation, classification, temporary storage, and shore?based disposal of all types of waste,
with denitrification devices, accounting for
including domestic waste and oily water. Through meticulous ledger?based control, we ensure that waste disposal
complies with environmental regulations and eliminate the risk of improper discharge.
Denitrification Devices
During the reporting period, our waste gas emissions are as follows：
During the reporting period, our waste discharge was as follows：
Category Unit 2025 2024 Change
Category Unit 2025 2024 Change
Nitrogen oxide Ton 16,603.15 21,005.81 -20.96%
Total amount of non
Ton 522.00 418.00 24.88%
hazardous waste7
Sulfur oxide Ton 1,908.41 2,414.46 -20.96%
Non-hazardous waste
Particulate matter Ton 410.74 519.66 -20.96% Ton/million RMB 0.05 0.04 22.92%
emission intensity
Total waste gas
Ton 19,751.16 23,939.93 -17.50% Total amount of
emissions Ton 1,185.53 1,309.34 -9.46%
hazardous waste8
Waste gas emissions
Ton/million RMB 1.86 2.13 -12.66% Hazardous waste
intensity Ton/million RMB 0.12 -6.95%
emission intensity
During the Reporting Period, due to operational adjustments, the proportion of the Company' s international routes has increased, with
most routes located outside the 12?nautical?mile territorial sea baseline. Domestic sewage is treated in compliance with regulations for
discharge at sea and is no longer returned to shore for treatment. 7
Non-hazardous waste consists of ship solid waste recycling decommissioning and office and household waste.
The total amount of wastewater discharge contains production wastewater and domestic wastewater, of which the production
wastewater is only the production wastewater generated in the process of ship transportation that does not meet the emission
Hazardous waste includes oil sludge and batteries, with the latter starting to be counted for the first time in 2023.
regulations, and other production wastewater in the grain flow are in strict compliance with the relevant national laws and regulations,
and are discharged into the ocean after treatment and compliance with the discharge conditions.
Deeply Exploring Customer Value 38 Deeply Exploring Customer Value 39
Deeply Exploring
Customer Value
Diversified Routes
Relying on itself?developed intelligent information management system, Zhonggu Logistics has established a
fully digitalized service chain covering the entire process from booking to cargo pickup. The system's intelligent
dispatching engine enables seamless coordination among sea, rail, and road transport modes. Integrated with a
With the corporate mission of "Changing China's Logistics with Containers", driven by globalization and industrial visual tracking platform and an electronic documentation system, the solution allows customers to monitor cargo
upgrading, we build an intelligent logistics system with standardized containers as the core carrier, and based on the status in real time and complete the entire operational process online. Driven by a data?powered route optimization
Internet of Things, big data and other cutting-edge technologies, we create a safe, reliable, efficient, accurate and model, the Company dynamically matches transport capacity with demand, significantly improving delivery speed
environmentally friendly Through B/L System intermodal transport solution for our customers. Through continuous and reliability. This approach not only reduces overall costs but also builds a visible, traceable, and digital supply
optimization of digital operation network and intelligent service process, we deeply integrate science and technology chain ecosystem.
innovation into each link of the supply chain, strive to improve the efficiency of resource allocation and the level of
low-carbon operation, and are committed to creating a new supply chain paradigm with long-term competitiveness
and ecological value with our customers.
Building Excellent Service Information flows: vessels, ports, corporate
systems, mobile connectivity
Cash flow: across the container logistics
service chain
Supported by a standardized operational mechanism, Zhonggu Logistics dynamically adapts to evolving market
Rail Maritime Shipping Rail
trends. The Company actively develops diverse shipping routes, continuously enhances service quality, and is
Land Water Land
committed to optimizing customer experience. We provide clients with comprehensive logistics solutions that span Booking Packing Picking up
transportation transportation transportation
multiple dimensions, including sustainability, efficiency, safety, and convenience. Road River Transport Road
Intermodal Transport Business Model
Deeply Exploring Customer Value 40 Deeply Exploring Customer Value 41
Domestic trade routes Foreign trade routes
Zhonggu Logistics has established a nationwide domestic shipping network covering coastal areas and Actively responding to the national strategic approach of "take the domestic cycle as the mainstay and let
major river basins, forming a comprehensive three?dimensional layout along China' s coast and inland the domestic and international cycles promote each other", with the existing advantages in domestic trade
waterways. This includes over 50 coastal routes, more than 180 routes in the Yangtze River basin, and network, Zhonggu Logistics focuses on the development pattern of double circulation and continues to
over 200 routes in the Pearl River system. The network connects 33 key coastal hub ports and more than deepen and expand the nearshore business. During the reporting period, Zhonggu Logistics optimized its
resources and the development of multimodal transport corridors, the Company has built an efficient, as Vietnam, Indonesia, India, and the Red Sea, leveraging itself?operated fleet. This significantly expanded
well?structured, and integrated logistics service system. the Company’s overseas business coverage and contributed to the continuous growth of its global service
network. At the end of the reporting period, our operations spanned 11 overseas countries and a total of 22
At the strategic level, Zhonggu Logistics has developed a " Three Horizontal & One Vertical" main shipping domestic and international ports. This has effectively integrated the domestic and international transport
framework with strategic depth. The three horizontal arteries are the Yangtze River Golden Waterway, supply chains, further strengthening Zhonggu Logistics’ competitive position in the foreign trade sector.
the Pearl River shipping trunk line, and coastal routes, which are deeply integrated with the north?south
vertical maritime corridor Through the coordinated development of port clusters, coordinated trunk and
branch routes and seamless intermodal transport, efforts are being made to promote the construction of a
modern shipping and logistics corridor to achieve the deep integration of the river basin economic belt as Building Core Advantages and Leveraging Platform Resources
well as the coastal economic circle. Sincere Service First for Synergistic Development
•Comparing with the original CCA mode of •Mobilizing domestic trade barge resources,
foreign trade barges, the WGO (water gate) mode integrating and optimizing the barge route
has lower costs and higher efficiency, freeing allocation between Wuzhou and Nansha,
customers from the constraints of CCA, reducing forming a win-win situation in terms of efficiency
the overall efficiency and cost, providing and benefits, and creating high-quality foreign
Zhonggu Logistics Route customers with diverse choices, and forming the trade services.
core competitiveness of Zhonggu Logistics'
foreign trade routes.
Establishing a Seamless Service System Establishing an Excellent Brand
with Comprehensive Assurance and Striving for Perfection
•Through end-to-end operational synergy •Integrate the domestic trade port, container
and dedicated one-on-one client guidance, and barge resources, combine with domestic
we streamline processes to save time, reduce trade experience, extend and expand the
complexities, and enhance peace of mind, radiation range of foreign trade, and build a good
elevating the overall customer experience to reputation and brand credibility for the Zhonggu
unprecedented levels. brand.
New Model of Internal and External Double Circulation
During the reporting period, to enhance the competitiveness of the Shanghai-
South China premium route, we implemented transit-time assessments for 10
To address long?standing issues affecting transport efficiency, such as port congestion and adverse weather
key transshipment points at both ends of the route. Weekly dynamic tracking and
conditions, we systematically optimized cargo handling processes in 2025 by coordinating resources across
optimization of transit paths were conducted. By strictly controlling ineffective capacity
vessels, ports, and frontline offices. Through dedicated channel agreements established jointly with port
and coordinating transshipment plans throughout the entire process, the on-time
groups, priority was given to berth and cargo operations, enabling direct berth upon arrival at multiple ports.
performance rates in the Yangtze River region of East China and South China improved
As a result, the average vessel port time was reduced by 2.2 hours throughout the year, and cumulative
by 4.8% and 5.3% respectively in 2025, significantly enhancing route operational
anchor time decreased by more than 7,500 hours.
efficiency.
The South
As of the end of the reporting period, Zhonggu Logistics operated a total of 100 vessels, China Sea
Islands
with a deadweight tonnage of approximately 3 million tonnes and a container fleet
capacity of about 400,000 TEUs.
Deeply Exploring Customer Value 42 Deeply Exploring Customer Value 43
Quality Assurance Customer Management
Zhonggu Logistics upholds "customer first, quality first" as its core Guided by the service philosophy that "we pursue customer satisfaction", Zhonggu Logistics places customer
service philosophy. The Company continuously refines its end to needs at the heart of its operations and continuously upgrades its service capabilities. By accurately
end container management system, providing stable and reliable responding to client requirements and optimizing end?to?end management mechanisms, the Company
shipping services to clients through standardized operations comprehensively enhances the overall customer experience, effectively translating its service commitment into
and meticulous control, thereby tangibly enhancing customer Headquarter tangible value delivery.
experience and satisfaction.
Area Optimizing Customer Service
Container Management Governance Structure
We have established a four-level During the reporting period, Zhonggu Logistics comprehensively optimized the 5W1H9 management
management structure from headquarters framework. From the six dimensions of objective definition, execution logic, timeline, responsible parties,
Port resource allocation, and implementation pathways, the Company systematically restructured the operational
to various functional departments. Within
each department, we actively pursue flat processes of the Ship Management Center. This reform drove the upgrade of the Ship Management Center' s
management and are committed to reducing system documents to version 4.0, achieving a full iteration of management standards and operational norms.
the negative impact of redundant human Dispatch Team, Repair Team, Tracking Team, The initiative significantly improved vessel operational efficiency and compliance management injected new
resource structure on business promotion Leasing and Manufacturing Team momentum into the Company' s management practices and laid a solid foundation for building the "precise,
efficiency. specialized, and distinctive" core competencies of the Ship Management Center.
In response to customers' core demand for logistics quality, Zhonggu Logistics leverages its coastal hub port
Container Management System
clusters to establish a high?frequency premium express shipping network. Through frequent liner services,
prioritized berthing arrangements, and intelligent operational scheduling, the Company provides customers
We have established a sound container management system to implement quality management
with customized maritime solutions that combine timeliness and reliability. This approach continuously
from both container management system and routing management, to ensure safe and efficient
strengthens supply chain resilience and competitiveness.
freight transport links.
Road Safety Assurance
Container System Management Route Management
Safe and stable navigation conditions are the foundation of Zhonggu Logistics' development. We continue to
promote "dual lines operating in parallel" management structures, which are applicable to personnel related to
•We conduct a full life cycle •To enhance transportation the Company's safety management system (SMS) management organization (hereafter referred to as "onshore
analysis of customer service, efficiency, Zhonggu Logistics employees") and all crew members of each vessel.
analyze the scenarios involved in has systematically optimized the
the transportation process, sort route management, achieving Our subsidiary, Yingkai Shipping, has established an efficient organizational structure for its shore based staff
them out and establish a container a harmonious balance between under the direct supervision of the General Manager. The General Manager oversees the Crew Department,
management system, by applying service quality improvement and with five Vice General Managers appointed to lead four core functional divisions: Ship Management, Technical
the digital platform, we create a operational cost reduction. In terms Support, Procurement, and Safety & Inspection. Each department strictly adheres to the Company Onshore
full-process management function of route construction, the Company Employee Responsibilities , focusing on key areas such as vessel operations, technological innovation,
from ordering, tracking, inquiry, implements classified control over material support, and safety supervision. This structure forms a management loop with clear authority,
modification, settlement, etc., both regular and changed routes. defined responsibilities, and effective coordination, ensuring standardized and orderly daily operations while
and further improve the customer In the construction of transfer continuously maximizing management efficiency.
experience. channels, by accelerating transfer
efficiency, balancing the flow
direction of imports and exports,
and optimizing vessel loading, the
Company significantly improves the
operational efficiency of the routes
and promotes sustainable business
development.
What/Why/When/Where/Who/How
Deeply Exploring Customer Value 44 Deeply Exploring Customer Value 45
Zhonggu Dalian Engine Room Alarm Monitoring System Failure Handling
General Manager On the day after assuming duty, the electrical officer on board the
Zhonggu Dalian vessel discovered that the ship’s main engine
alarm monitoring system had crashed, a condition that had not been
Crew Department
communicated by the relieved crew. The officer promptly reported
the issue to the shore?based electrical superintendent. Through joint
All Ships ship?shore analysis and diagnosis of the fault, the system was swiftly
Vice General Managers restored, and network wiring adjustments were completed, ensuring
the vessel’s safe operation. This case demonstrates the effectiveness
of the "15?Day Issue Feedback System" and highlights how timely
Ship Management Technical Support Procurement Safety Supervision fault resolution safeguards operational efficiency, underscoring the
Department Department Department Department critical role of ship?shore collaboration in safety management. Troubleshooting On-site
Responsibility Framework for Yingkai Shipping Onshore Employees
Satisfying Customers Demands
Zhonggu Logistics regularly conducts customer satisfaction surveys through multiple channels, including
During the reporting period, Zhonggu Logistics conducted a total of e-commerce platforms, WeChat official accounts, and social media. To improve survey coverage, the Company
Company. enabling precise identification of areas for improvement. Throughout the survey process, strict privacy protection
measures are implemented to ensure that no personal customer information is collected. For users expressing lower
During the reporting period, in response to the handling and navigation satisfaction, individual follow-up calls are conducted to document the reasons in detail. This establishes a closed
risks posed by complex cargo types such as coiled steel, fragile
loop management mechanism of "feedback-review-improvement", driving continuous enhancement of service
equipment, and chemical raw materials, Zhonggu Logistics established
quality.
an end to end route safety management system based on a "prevention–
monitoring–emergency response" framework. Guided by the principle of
"standardized operations, safety first," the system enforces standardized During the reporting period, Zhonggu Logistics distributed satisfaction surveys to all 1,475 active booking customers,
vessel lashing practices, requiring ships to complete the Container Lashing receiving 1,258 valid responses, representing a response rate of 85.3%. In 2025, the Company' s overall customer
Inspection Checklist to reinforce safety accountability. Furthermore, satisfaction score reached 95.5%. We conducted a detailed analysis of each customer feedback, formulated
the Company routinely conducts monthly joint drills covering "vessel corresponding follow?up corrective actions, and assigned responsibilities to relevant departments with clear
firefighting, cargo damage, and man overboard" scenarios, achieving full deadlines. Reasonable suggestions and requests from customers were actively adopted, leading to the development
participation across all crews. As a result, the emergency response time and implementation of improvement measures to ensure effective resolution of issues. Moreover, we strengthened
of crews has been reduced to within five minutes, significantly enhancing communication with customers by providing timely updates on the progress of actions, which fostered their
route safety standards for the transportation of complex cargo types. Standardized Lashing understanding and support.
Customer Complaint Management
Measures to Enhance Vessel Operational Capability
We have established an open and transparent complaint reporting mechanism to enhance our response capability
to customer complaints. We continue to implement the Operation Manual for Customer Complaint Handling
To standardize crew handover procedures, Zhonggu Logistics introduced the Guidelines for Crew Transfer and
Procedures and Management Measures , assisting customers in efficiently resolving issues based on standardized
Handover during the reporting period, establishing a "15-Day Issue Feedback System" that is mandatorily integrated
complaint handling processes.
into the safety management system. Under this system, senior officers are required to submit a takeover report
within 15 days after assuming duty, truthfully reporting the condition of equipment and documentation, as well as
providing an assessment of the relieved crew. The report is submitted via email to the responsible marine/technical
superintendent and the Crew Department. This mechanism clearly defines the accountability of equipment officers Receive Record Preliminary Determine Detailed Rectify Customer Record
and serves as a key performance indicator for crew evaluation. By clarifying handover standards, it motivates Complaint Complaint Investigation Responsibility Investigation the Issue Feedback and Analyze
off-duty crew to maintain equipment in good condition, while enabling newly assigned crew to fully familiarize
themselves with equipment status within the 15-day window, identify issues promptly, and obtain shore-based
support. This effectively eliminates safety risks and achieves dual optimization in crew performance and equipment Complaint Resolution Process
management.
During the reporting period, the Company received a total of 106 complaints regarding products and services,
achieving a complaint resolution rate of 100%.
Deeply Exploring Customer Value 46 Deeply Exploring Customer Value 47
Digital Shipping
Transformation Digital Platform Management
Zhonggu Logistics aims to enhance business collaboration and service capabilities, operate in a digital environment,
Digitalization is the core driving force for the high-quality development of the shipping industry, which significantly and drive its own digital transformation practices based on actual needs, committed to building an intelligent and
improves resource allocation efficiency and is also a key lever for enterprises to seize strategic opportunities efficient digital shipping system. We have developed and deployed end-to-end digital platforms based on advanced
and stimulate new business momentum in the era of change. Zhonggu Logistics aims to become a “First-class technology platforms, data platforms, and AI platforms through independent research and development, covering
company, First-class talent, First-class performance, First-class return”, with digital transformation as its strategic e-commerce platforms for customer service and multimodal transportation order platforms; ship management,
focus. Through technological innovation, it drives business upgrading and deeply integrates into the national sea transportation, trailer transportation, yard services, and container management systems that support business
marine power strategy, helping to achieve new results in the construction of the Maritime Silk Road. operations; optimize service support for integrated business and finance platforms, collaborative office platforms,
etc., to provide customers with comprehensive logistics process information services.
Digital Strategic Goals
In order to comprehensively improve the resource allocation efficiency of Zhonggu Logistics and promote the
development of business operations towards transparency, efficiency, green, and security, we adhere to innovation
driven, use digital technology to improve the operational efficiency of various business sectors, and improve the
level of core business services. Building a comprehensive digital platform management system that covers technical
support, service support, business operations, customer service, and decision management, achieving five core
capabilities of multimodal transportation, resource management, customer business collaboration, integration
of industry and finance, and data application, making Zhonggu Logistics a modern logistics enterprise driven by
digitization, continuously improving operational efficiency and security management level, and providing customers
with more reliable Better logistics service guarantee.
Deeply Exploring Customer Value 48 Deeply Exploring Customer Value 49
Digital Technology Innovation
As one of the first domestic enterprises to introduce the Internet into shipping, Zhonggu Logistics has always driven
business upgrades with technological innovation. On the basis of consolidating the existing digital foundation, the
Company actively introduces AI technology, continues to develop intelligent tools such as data software, deeply
integrates artificial intelligence into the entire business process, significantly improves operational management
efficiency, and promotes shipping services to move towards intelligence and efficiency.
•We have achieved electronic data interchange (EDI)
integration through the EDI software for the ports and yards.
Electronic Data •The Company has comprehensively realized e-commerce
Software booking without written authorization. The electronic booking
rate reaches up to 100%.
•The B2B automatic data docking empowers the Zhonggu Xiaozhi Interface Preview
production of enterprises greatly.
Robotic Process •Through faster and more accurate processing of As of the end of the reporting period, Zhonggu Logistics has five storage yards in Qinzhou, Xiamen, Shanghai,
Automation (RPA) customers' business documents, we provide customers with Rizhao, and Beihai. In response to the heterogeneity of business systems caused by construction timing differences
more efficient and reliable services. in automated storage yards, Zhonggu Logistics has launched a systematic digital innovation. During the reporting
period, the Company implemented a yard business system integration project, which eliminated duplicate
construction and high operation and maintenance costs caused by multiple system parallelism by unifying data
•AI photo recognition technology is used to realize the
standards and business processes, and constructed a standardized digital governance system covering the entire
AI Approves the fast approval of container repair quotation, repair review,
base. After completing the fundamental work of system integration, Zhonggu Logistics further planned a phased
Repair Requiries automatic account reconciliation, etc., which ensures data
implementation path: in the short to medium term, the Company will focus on "system unity and data standards"
accuracy while improving efficiency
as the core, continuously consolidating the digital foundation; In the long-term stage, we will promote the deep
integration of business platforms and intelligent hardware, and create a full link intelligent operation network.
This measure has reduced physical resource consumption through technological iteration, improved operational
efficiency, and achieved a continuous decrease in carbon emission intensity and comprehensive costs per unit
output, providing core support for the green supply chain strategy.
Our existing yard adopts virtual modeling technology to accurately replicate the physical environment of the logistics
base, including but not limited to physical layout, building structure, and equipment status, and continuously Personalized System Development
collects and updates real-time data to ensure consistency between the virtual model and the physical base.
In addition, this system deeply integrates the actual production data of the base, such as cargo throughput, We actively share excellent digital experiences in the industry to meet the needs of customers and third-party
transportation time, equipment utilization rate, etc., and achieves information docking between the collaborative enterprises in the digital field. During the reporting period, we assisted Mobil in developing a highly automated
port and yard through information collaboration methods, ensuring that there is a track for container entry and exit, service configuration system.
and a basis for container return.
During the reporting period, we introduced the "Zhonggu Xiaozhi" AI, connected with Zhonggu's own system and Mobil Service Configuration System
configured AI customer service to improve the efficiency of customer order query response. Zhonggu Xiaozhi deeply
integrates big model technology to comprehensively upgrade the existing Zhonggu system, aiming to build an During the reporting period, Zhonggu Logistics collaborated with Mobil to create a customized booking system,
ecosystem covering the upstream and downstream of the industry and create a full chain AI intelligent system. The achieving full process automation and docking. The core highlight of this system is the complete elimination
system provides users with convenient information query services through a unified interactive entrance. Users of manual intervention: the Mobil system can automatically generate and issue transportation requirements,
can directly query core information such as order status, logistics trajectory, and expense details in the interface, while the Zhonggu system receives requests in real-time through an interface of 7 × 24 hours, automatically
achieving a "one-stop" business consultation and intelligent response, significantly improving service efficiency and generates booking orders, and provides real-time feedback on acceptance results. During peak business
user experience. hours, the system can stably process over 100 orders per day, fully meeting the needs of high-frequency
business scenarios. To achieve efficient docking, both parties have unified key data standards such as goods
type, transportation method, and time nodes at the interface layer, and have put business verification in
front, effectively reducing repeated communication caused by differences in field understanding. This model
significantly reduces labor costs and makes the booking process smoother and more efficient, becoming a
benchmark case for Zhonggu Logistics' digital services.
Deeply Exploring Customer Value 50 Deeply Exploring Customer Value 51
Data Security Management
Privacy Protection Measures
Zhonggu Logistics strictly complies with the relevant laws and regulations where it operates, and establishes
the Information Security Management System of Shanghai Zhonggu Logistics Co., Ltd to build data security
guarantees. The Company ensures the safe and controllable online operation of external services by establishing Zhonggu Logistics strictly complies with privacy protection laws and regulations, and has developed information
a data security protection mechanism, strengthening collaboration with third-party service providers, conducting security management systems and customer privacy management systems, practicing the principle of minimum
security information notifications, regular case analysis, asset investigation, and vulnerability scanning. information collection from the source of information, and constructing a full process management mechanism
for customer privacy protection. At the same time, the Company regularly conducts information security drills,
During the reporting period, in order to strengthen the standardized management of the Company's system strictly implements weak password checks and information storage environment checks, continuously improves the
informatization work and comprehensively improve the Company's system informatization level, we formulated privacy information management system, and continuously enhances employees' ability to protect various types of
and promoted the Zhonggu Storage Yard Information Management System . Based on a sound management information.
architecture and system, we standardized the implementation of information management measures involved
in the daily operation of the storage yard, committed to building a standardized storage yard operation data
governance mechanism, strengthening the graded protection of sensitive information and the full process Information Security and Privacy Protection Theme Training
encryption transmission, Improve business collaboration efficiency and security management level, and provide
solid data support for the construction of intelligent logistics bases. During the reporting period, we conducted information
security awareness training on the theme of "Information
In addition, we ensure the security of various types of data through a series of measures. Security, Awareness First" for all employees. The training
content focuses on core modules such as data leakage risk
identification, interpretation of privacy protection regulations,
Website and application security assessment and security operation standard drills. Through case analysis,
interactive Q&A, and other forms, employees' security
•Leverage the application development lifecycle, comprehensively identify cybersecurity issues
awareness is strengthened, promoting the formation of an
to ensure software security at all times.
information security management atmosphere of "everyone
Website and application security reinforcement talks about security, everything overlaps with regulations",
and laying a solid foundation for building a full process privacy
•Improve the rationality of application code deployment to continuously enhance security. protection system.
Filtering of external threats In addition, during the reporting period, Zhonggu Logistics coordinated and promoted information security
training work, covering large areas such as East China, North China, and Northeast China. The training content
•Deploy web firewalls, IPS, and other devices to monitor, filter, and log malicious external access focuses on data security regulations, privacy protection standards, and security operation processes. Through
attempts. case analysis, interactive Q&A, and other forms, it aims to enhance employees' risk identification and protection
skills. Based on the characteristics of regional business, each district conducts targeted drills and assessments
Status monitoring to ensure that information security awareness is deeply rooted in people's hearts, providing solid support for
the Company to build a full process privacy protection system.
•Real-time monitoring of the status of protected application pages and synchronously monitor
website access log directories to determine if any attacks have occurred.
Emergency response
•For security incidents with a higher likelihood of occurring, promptly prepare contingency plans
and conduct drills, striving to report, handle, and summarize the incidents in the most efficient
and reasonable manner possible after they occur.
Data security management
•Strictly enforce backup mechanisms for applications, databases, and documents, and ensure
that backup data is stored independently of production and office environments. Training Site
Data Security Management Measures
Deeply Exploring Customer Value 52 Deeply Exploring Customer Value 53
Strengthening Supply
Providing false materials or concealing related
Verified commercial bribery behavior
relationships
Chain Management
Violation of laws, regulations and Major quality or safety accidents causing
company rules significant losses
Refund Standard
Green Fleet
A stable and high-quality partnership is an important guarantee for the sustainable development of Zhonggu
Logistics. We strictly follow relevant laws and regulations, establish an internal supplier management system, and During the critical period of the shipping industry's transition to green and low-carbon, Zhonggu Logistics actively
integrate sustainability and compliance requirements throughout the entire process of bidding, project approval, responds to the national "dual carbon" goal and vigorously promotes the construction and application of new
supplier admission, cooperation, and evaluation, ensuring standardized and orderly supply chain management, and energy fleets. During the reporting period, Zhonggu Logistics applied new energy transportation equipment on
providing solid support for the stable development of our business. a large scale, introducing a total of 140 fleets and 1,800 new energy vehicles for production and operation, and
completing the transportation task of 60,000 natural containers. Based on the current good operational results, the
Supplier Management
Company plans to further expand the scale of new energy vehicle transportation business in 2026 and continue to
promote the construction of a green logistics system.
Supplier Communication
Zhonggu Logistics continues to optimize the supplier introduction process and strictly implements the "pre-
approval principle". Newly introduced suppliers need to fill out the New Supplier Approval Form for the Procurement
Department , covering core dimensions such as price advantage, technical parameters, and supply capacity. Only
after passing the evaluation can they become company suppliers. Only after one year of cooperation and an internal Zhonggu Logistics with suppliers establish a two-way communication mechanism to strengthen collaborative
rating of 3A or above can one apply to join the Qualified Supplier List. efficiency through regular information synchronization, policy promotion, and operational review. The Company
During the reporting period, we have completed the redesign of the trailer supplier management process, formulated pays real-time attention to government policy updates, synchronizes business related information with fleet
the Trailer Supplier Management Measures , and optimized the specific processes of trailer service assessment suppliers in a timely manner, and organizes special training for responsible personnel, dispatchers, and drivers. At
incentives and exit termination. the same time, actively listen to the demands of suppliers, provide guidance on operational difficulties, continuously
optimize the communication system, and promote the overall efficiency improvement of the supply chain.
The trailer supplier assessment of Zhonggu Logistics follows a standardized process of "annual calibration, monthly
rating, and graded review". Through a systematic and data-driven management approach, normalized monitoring During the reporting period, Zhonggu Logistics carried out supplier
and closed-loop management of trailer supplier performance have been achieved. training in a systematic manner, with each area as the management unit.
Based on the characteristics of regional business, each district provides
training on multiple themes such as service quality, energy conservation
and emission reduction. Through policy interpretation, case analysis,
Annual Calibration Graded Review Monthly Rating and practical exercises, the professional capabilities of suppliers in
qualification review, vehicle management, personnel operation, and
other aspects are targeted to enhance the collaborative efficiency of
the supply chain. During the reporting period, we conducted a total of
•In the fourth quarter of each The office will keep the scoring The system automatically generates
year, various offices and regions results in the system and notify assessment scores on the 1st of 32 supplier training sessions, covering 425 suppliers, with a total of 152
collaborate to develop assessment the multimodal transportation each month, and the office checks training hours. Training Site
dimensions for the coming year. department and headquarters in the and scores the completion status of
After being reviewed by the area. The area needs to supervise suppliers based on the KPI plan.
Supplier Satisfaction Survey
headquarters' business department, the port to complete the audit
an assessment framework is created before the 10th of each month to During the reporting period, Zhonggu Logistics actively conducted a supplier satisfaction survey, collecting a
in the trailer system. ensure that the assessment results
total of 1,058 valid questionnaires, covering 86.3% of the 1,226 active suppliers in the system. The survey results
are accurate and compliant.
show that the overall satisfaction rate of suppliers is 97%, reflecting the continuous improvement of collaboration
efficiency between the Company and suppliers, and the maintenance
Supplier Assessment Mechanism of a good supply chain cooperation relationship.
In addition, Zhonggu Logistics takes the area as the management
The Company encourages the district to select a gold medal trailer supplier annually throughout the entire district, unit and regularly organizes supplier meetings. Based on the
setting a benchmark for high-quality suppliers, and promoting the overall level of cooperation. characteristics of regional business, each district conducts face-to-
face communication with suppliers around issues such as compliant
The Commerce Department of the headquarters is responsible for inputting, updating, publicizing, and reviewing the operation, cost optimization, and green transformation, synchronizes
removal of blacklists, with each region and port as the responsible parties for reporting. This mechanism strengthens
policy information, coordinates and solves practical problems in
the constraints on supplier violations by clarifying permissions and situations, ensuring the compliance and stability
cooperation, and promotes the continuous improvement of supply
of the supply chain. Supplier Conference Site
chain collaboration efficiency.
Creating a Harmonious共创和谐社区
Community 54 Creating a Harmonious Community 55
Compliant Employment
Zhonggu Logistics strictly adheres to the laws and regulations of the operating areas such as the Labor Law of
the People's Republic of China , the Labor Contract Law of the People's Republic of China , the Law of the People's
Republic of China on Protection of Minors , and the Regulations on the Prohibition of Using of Child Labor . It regards
lawful and compliant employment as an important foundation for employee management, and continues to improve
its coverage of recruitment, employment contracts, salary and benefits, working hours A management mechanism
for rest, vacation, and employee rights protection, effectively safeguarding the legitimate rights and interests of
employees. During the reporting period, the Company did not engage in any illegal employment incidents such as
child labor or forced labor.
To further standardize employment management, Zhonggu Logistics has formulated and implemented the
Compliance Employment Policy , which is applicable to all employees of the Company and its subsidiaries, and is
coordinated and implemented by the human resources management department. This policy specifies management
Creating a
requirements for anti discrimination, anti child labor, and anti forced labor, and prohibits discrimination based on
race, gender, age, nationality, disability, and other factors in recruitment, hiring, promotion, salary, training, and
daily management processes, creating a fair, equal, and inclusive employment environment for the Company. The
Harmonious
Company also incorporates compliance employment requirements into internal system documents such as the
Recruitment and Labor Contract Management Measures and Employee Handbook , and promotes the effective
implementation of various requirements in the employee management process through measures such as identity
Community
information verification, labor contract signing, employee communication and appeal channels.
In order to widely attract outstanding talents, Zhonggu Logistics has established a recruitment channel that
combines online and offline recruitment, including on-site recruitment, online application, email delivery, and
WeChat public account, comprehensively covering various job seekers. During the recruitment process, the Company
always adheres to a diverse and fair employment philosophy, and constructs a diversified talent pool through a
talent introduction pattern that focuses on school recruitment and supplemented by social recruitment.
Zhonggu Logistics continues to improve its talent recruitment and human resource Wuhan University of Technology "Zhonggu Scholarship" Award Ceremony
management system, providing comprehensive and systematic career development support
for employees by strengthening employee capacity building, optimizing salary incentives
and career development paths. The Company is committed to creating an equal, respectful,
On March 24, 2025, the annual award ceremony
diverse, and inclusive work environment, and continuously empowers employees'
for the "Zhonggu Scholarship" at Wuhan
growth through mechanisms such as implementing full staff training and promoting cross
University of Technology was held at the
departmental collaboration, ultimately achieving common development and value creation
Employment Service Square of Yujiatou Campus.
for both the enterprise and individuals.
Zhonggu Logistics, along with representatives
from the school, 34 award-winning students,
and more than 200 student representatives,
attended the event together. This ceremony
not only effectively laid the groundwork for
the talent absorption of Zhonggu Logistics,
but also further showcased the cooperation
achievements between Zhonggu Logistics and Wuhan University of Technology "Zhonggu
Wuhan University of Technology in joint training Scholarship" Award Ceremony
of school enterprise talents and integration of
industry and education.
Creating a Harmonious Community 56 Creating a Harmonious Community 57
Zhonggu Logistics Conducts Multiple School Recruitment Activities
We are also committed to building a diverse, inclusive, and dynamic work environment, viewing diversity as the
Zhonggu Logistics attaches great importance to school enterprise cooperation and continues to
expand its linkage mechanism with multiple universities, effectively improving the accuracy and core driving force for company innovation and sustainable development. We have explicitly incorporated diversity
professional level of campus recruitment. During the reporting period, the Company conducted related requirements into internal systems such as the Compliance Employment Policy , actively promoting diversity
multiple targeted campus recruitment activities, including a special lecture at the Central University among employees in different dimensions such as gender, cultural background, age, professional experience, and
of Finance and Economics, a school enterprise docking meeting at Dalian Maritime University, and thinking patterns, ensuring that each employee's unique value can be seen, respected, and realized. By continuously
a campus dual selection meeting at Ocean University of China. These activities not only provide improving recruitment, training, promotion, and incentive mechanisms, we strive to eliminate potential biases,
graduates with a window to gain a deeper understanding of the Company's culture, but also create fair development opportunities for all talents, and make diverse perspectives an important force in driving
successfully attract a group of outstanding young talents who meet the needs of the enterprise, sustained growth and change in the Company.
injecting fresh vitality into the sustainable development of the Company and further consolidating
the foundation of talent team construction. As of the end of the reporting period, Zhonggu Logistics has a total of 1,486 employees and a total of 1,481 full-time
employees. Our specific employee structure is as follows:
Female
Central University of Finance and Economics
Recruitment Lecture Total number of
employees by
gender
Male
Top-level management
China Ocean University Enrollment 56 50 and above
Dalian Maritime University Campus Lecture Mid-level management 49
Double Choice Association
Zhonggu Logistics and Shanghai Maritime University Renew Cooperation Agreement
In September 2025, Zhonggu Logistics and
Shanghai Maritime University teamed up again to
write a new chapter of cooperation - the Company
continued to be awarded the "Industry Education Total number of Total number of 30 and
Integration Graduate Joint Training Base" by employees by 31-50 employees by below
Shanghai Maritime University. On the basis of rank 768 age 664
existing cooperation achievements, both parties will
further deepen strategic cooperation in the fields
of industry education integration, collaborative
education, student internships, and employment Rank & file
oriented training, jointly explore innovative paths 1,308
for deep integration of industry academia research
Zhonggu Logistics and Maritime University
and application, and assist in the cultivation and
Industry Education Integration Graduate Joint
transportation of high-quality shipping logistics Training Base
talents.
Creating a Harmonious Community 58 Creating a Harmonious Community 59
Zhonggu Logistics is always committed to creating a more attractive and growth oriented work
environment to continuously reduce employee turnover rates. As of the end of the reporting period,
the overall employee turnover rate of the Company for the year was 10.4%. We fully respect the career
development choices of every employee, and strictly follow national laws, regulations, and Company
systems to handle resignation procedures in a standardized and transparent manner, ensuring the External Training Programs for Senior Management Elite
rights and interests of employees and the fairness of the process. Leaders Classroom Training
Indicator 2025 2024 Changes •Performance Growth Team Training •Carry out a series of 10 executive
Class lecture sessions, focusing on multiple
•Performance growth themed key areas such as business strategy, time
Total employee turnover rate 10.4% 12% -13.33%
expatriate training management, and safety production,
•Headquarters business training and creating high-quality classrooms to
Employee Male 8.7% 11% -20.91% regional case sharing meeting help cadres at all levels improve their
turnover rate by •Management and Leadership management skills
gender Female 16.4% 14% 17.14% Development
Employee
turnover rate by 31-50 3.9% 5% -22.00%
•Plan and organize the 2025 new
age
employee training, covering 8 themed
business management, shipping
management, container management,
etc.
Talent Development Zhonggu Logistics Conducts Business Empowerment Training
In 2025, in order to continue promoting the construction of a learning organization, the Company
systematically carried out business empowerment training throughout the year. A total of 18
business training sessions were organized throughout the year, forming a dual line learning
mechanism of "headquarters unified empowerment" and "regional case co creation". The
Zhonggu Logistics adheres to the people-oriented development concept, continuously optimizes headquarters training is mainly taught by the middle level of functional departments and business
the employee training system, and regards employee growth as the core driving force for sustainable backbone, with a focus on unifying standards, standardizing processes, and enhancing professional
development of the enterprise. In order to improve the systematization and effectiveness of training, abilities; Regional training is carried out by frontline managers and outstanding employees from
the Company has developed internal systems such as the Training Management Measures , which clearly various regions, focusing on practical experience extraction and cross regional communication
regulate the training management for new employees during their probationary period and the training and mutual learning. Two types of training cover all employees, effectively achieving a two-way
mechanism for in-service employees. The overall training system is optimized through unified standards. cycle of "top-down transmission of norms, bottom-up sharing of practical combat". This not only
At the same time, the Company has established a training system that covers three dimensions: internal strengthens the overall business foundation and collaborative ability of the organization, but also
training, new employee training, and external training. It is managed in conjunction with the assessment accelerates the flow, precipitation, and transformation of internal knowledge, providing solid
mechanism, and through scientific evaluation and motivation, it promotes various departments to attach capability support for the sustainable development of the business.
great importance to and continuously improve the quality and effectiveness of training work, providing
solid support for talent development and organizational capacity improvement.
Zhonggu Logistics has always placed employee capacity building at the core of its strategy. By establishing
a hierarchical and systematic training system, it comprehensively enhances employees' professional skills,
management capabilities, and collaborative efficiency, injecting sustained talent momentum into the high-
quality development of the enterprise. We plan differentiated growth paths for employees at different job
levels and build a training mechanism that covers all employees and runs through the career cycle. New
employees can quickly integrate into the corporate culture and workflow through immersive onboarding
training; On the job, employees enhance their abilities through a tiered project, achieving self iteration and
Headquarters Business Training&Regional Case Sharing Training
value growth. At the same time, we actively promote a flexible learning mode that integrates online and
offline, supporting employees to independently choose learning paths, effectively improving the targeted
and effective training.
Creating a Harmonious Community 60 Creating a Harmonious Community 61
Zhonggu Logistics Conducts Training on "Performance Growth and Expatriate Skills" Special Leadership Training on "Performance Communication and Communication Skills"
From September 27th to 29th, 2025, the Company In order to systematically strengthen the performance leadership of the cadre team, this year
selected 11 core personnel from the headquarters the Company has launched a special training program on "Performance Communication and
and various regions to participate in external training Communication Skills" for middle and senior cadres in the headquarters and various regions. This
courses. This training focuses on key aspects such training focuses on the core difficulty of performance management - communication, focusing on
as performance goal setting, implementation, three key scenarios: goal setting, process coaching,
and effective motivation, helping students master and outcome interviews. It deeply analyzes
systematic performance management tools. Through common misconceptions and provides a structured
this learning, the participating backbone deepened communication model, language framework, and
their understanding of performance-driven values scenario exercise tools. The course aims to help
and transformed the learned methods into feasible managers master practical methods for accurately
performance improvement plans for each position, conveying expectations, effectively providing
effectively enhancing the performance awareness Performance Growth and Expatriate Skills feedback, and properly handling disagreements,
and organizational execution of all employees. Training Courses transforming performance management from
assessment actions to a leadership process that
continuously stimulates team effectiveness
Special training on "Performance
Communication and Communication Skills"
Zhonggu Logistics also attaches great importance to leadership development and regards it as the core engine
driving organizational change and achieving strategic goals. We establish a systematic leadership training system,
targeting high potential talents, middle-level managers, and senior core teams, and carry out customized training
projects at different levels, with a focus on improving strategic thinking, team leadership, change management,
and decision-making effectiveness. The Company integrates cutting-edge management theories with real-life
business scenarios, using various forms such as mentor guidance, practical workshops, and cross-border exchanges
Caring for Employees
to strengthen the leadership's sense of responsibility and innovation in complex environments. It is committed to
building a high-quality leadership team that understands both business and management, laying a solid leadership
foundation for the sustainable development of the enterprise.
Zhonggu Logistics Successfully Launched 10 Series of " Senior Management Elite Classroom"
In 2025, the Company will continue to build the " Senior Management Elite Classroom" series
of learning brands, shaping it as an important platform for strategic transmission, experience Zhonggu Logistics deeply integrates employee care into the corporate culture system, viewing it as an important
inheritance, and cultural cohesion. This year, a total of 10 sessions were conducted, with senior cornerstone for organizational cohesion and development. We have built a comprehensive and multi-
managers from various centers and areas personally serving as lecturers, and sharing was open to dimensional care system that covers the entire employee cycle, continuously optimizing welfare guarantees,
all employees of the Company. This series of courses closely revolves around the practical needs improving two-way communication channels, strengthening occupational health and safety management, and
of company development and employee growth, covering multiple key areas such as business creating a positive and warm work atmosphere by organizing diverse cultural and sports activities. All of this aims
strategy, management practices, safety production, marketing expansion, and compliance risk to effectively enhance employees' sense of belonging, happiness, and satisfaction, and is committed to building a
control. Among them, courses such as Sharing Basic Knowledge of Foreign Trade Container people-oriented and warm business community.
Shipping , The First Responsible Person Talks about Safety - Hidden Danger Investigation and Case
Warning , Interesting Talk about Customer Development and Management , Anti Corruption and
Compliance Training have received extensive participation and positive feedback from employees
due to their solid and practical content.
Improving Compensation Mechanism
Zhonggu Logistics regards the construction of a scientific and reasonable salary system as a key support for
implementing its talent strategy. We continuously improve the compensation and benefits management
mechanism to ensure that we provide employees with fair returns that are competitive in the market. Based on in-
depth industry benchmarking and market research, the Company has established an incentive system centered on
competency and performance contribution, effectively stimulating employee potential and organizational vitality,
providing a solid guarantee for attracting, motivating, and retaining outstanding talents. The system is mainly
implemented through the following measures:
Executive Lecture Series Training
Creating a Harmonious Community 62 Creating a Harmonious Community 63
Direct Manager
Confirm work objectives with
Establish a linkage mechanism between performance and compensation employees and synchronize
•The Company continues to promote the construction of a market-oriented salary system, evaluation criteria
effectively stimulating employees' subjective initiative and innovation potential by deeply binding
performance evaluation results with salary incentives, and achieving collaborative progress
between personal growth and organizational development.
Implement differentiated performance assessment Employee
•Design a multi-dimensional assessment system for different job categories, so that employee Establish regular performance
compensation comprehensively reflects the value of the position, personal performance, and interviews with direct managers
achievement of business goals, ensuring fairness and motivation in salary distribution.
Improve the salary system Performance two-way communication mechanism
•Build a hierarchical and classified employee compensation level system, and establish a clear
salary adjustment mechanism to achieve standardization and dynamism of salary management,
effectively strengthen the incentive of salary, and provide solid guarantees for attracting, retaining, At the same time, Zhonggu Logistics continues to improve the employee experience and continuously improve the
and motivating core talents. employee satisfaction research system. The Company has established a closed-loop research management system
of "solicitation- feedback-solution-evaluation" around multiple dimensions such as salary, performance, training,
Compensation Mechanism and development. During the reporting period, we conducted quarterly internal satisfaction surveys around four
major themes, including annual training needs, evaluation of major events, opinions on special plans, and regional
services. We have incorporated the issues and suggestions collected from quarterly satisfaction surveys and
various special feedback into the improvement plan of our headquarters functional departments, and conducted
Emphasize Communication with Employees
closed-loop tracking to maintain a high overall resolution rate of employee feedback.
Zhonggu Logistics regards a systematic and normalized employee communication and feedback mechanism
as an important foundation for improving corporate governance and promoting the healthy development of Annual Training
the organization. During the reporting period, the Company continued to improve its employee communication Demand Survey
mechanism. Through various methods such as employee symposiums, satisfaction surveys, daily interviews, and
internal communication platforms, regular communication was carried out around the work environment, career
development, salary and benefits, team collaboration, and other issues that employees are concerned about.
Employee opinions and suggestions were collected and organized in a timely manner. In response to feedback
from employees, the Company promotes research and implementation by relevant departments based on actual
business management situations, and continuously tracks and improves key issues to promote management
optimization and organizational improvement.
Closed loop research
Research on management Post Event
Employee Symposium Satisfaction Survey Service Demand system:Solicitation Evaluation and
in the Area Feedback Solution Research
Evaluation
Daily Interview Internal Communication Platform
Employee Communication Channels
In response to feedback on performance content, the Company has established an employee performance Soliciting
feedback system and continuously improved the two-way communication mechanism for performance, assisting Opinions on
employees in more efficient and transparent communication with superiors. Employees regularly communicate Special Plans
with their direct managers regarding goal setting, progress evaluation, and ability improvement direction, to
timely understand their own performance and obtain improvement suggestions; The direct manager also assists
employees in clarifying their work goals and achieving effective communication and interaction between both
parties regarding performance. Closed Loop Research Management System
Creating a Harmonious Community 64 Creating a Harmonious Community 65
Enriching Recreational and Sports Activities
Mutual Assistance Between Employees Zhonggu Logistics attaches great importance to employee welfare and continuously enhances team cohesion
and employee sense of belonging by carrying out diverse and rich cultural and team building activities, actively
Zhonggu Logistics always puts "bringing happiness for creating a healthy, energetic, and upward organizational atmosphere. During the reporting period, the Company
employees" in mind and implements this care through organized various regular and themed activities around employee care and team integration. The Company
the "Zhonggu Care Fund". Whenever employees headquarters and various units actively establish sports clubs for regular activities such as basketball and
experience the joy of getting married or having children, badminton, which have received widespread participation from employees. These activities not only enrich
or encounter difficulties such as illness or the passing employees' leisure life, but also convey corporate culture through interaction, effectively enhancing employees'
of loved ones, the Love Fund will promptly send the sense of happiness and organizational identity, and jointly shaping a cohesive and proactive team style.
wedding gifts major illness
organization's wishes. assistance
In 2025, the "Zhonggu Care Fund" used a total of 128,000 Zhonggu Logistics Organization Sports Club
yuan to send warmth to 107 colleagues, including
assistance, and four funeral condolences. We hope that of childbirth the construction of corporate culture, the Company successfully held the first "Tongxin Cup"
condolences
through this tangible care, not only can we alleviate subsidies badminton competition, and regularly organized basketball and badminton clubs to carry out
everyone's economic pressure, but we can also convey activities. These measures not only unite people's hearts at important nodes, but also effectively
a warm feeling of "the Company is with you", and jointly implement the corporate vision of "help employees realize ideals in happiness and learning.".
safeguard the warmth and centripetal force of our big
family. Donation Through the “Zhonggu Care Fund” in 2025
Implement Employee Benefits
Zhonggu Logistics always puts the well-being of its employees at the core. By integrating high-quality internal
and external resources, the system constructs a multi-dimensional employee life support system covering
communication, finance, car use, and housing security. With practical exclusive benefits and subsidies, it reduces
the cost of living for employees, improves their quality of life and organizational sense of belonging. During the
reporting period, the Company actively expanded and implemented various benefits for employees from various
Sports Club Activities
aspects such as communication, travel support, and housing security.
Exclusive Communication
Zhonggu Logistics Carries Out Annual Team Building Expansion Activities
Benefits for Employees In order to break down departmental barriers and enhance team cohesion, the Company
organized all employees to go to Anji, Huzhou in two batches to carry out annual team building
The Company actively communicates and negotiates with China Unicom to launch exclusive and expansion activities under the theme of "Breaking Down Walls and Expanding the Sea, Setting
discounted communication packages for all employees. This package is customized according to Sailing Together". This event has created an open and trustworthy communication scene between
the daily communication needs of employees, with affordable prices. Employees can voluntarily mountains and rivers through diverse forms such as natural exploration, team competitions,
handle it according to their own situation. This measure is an important part of the Company's and situational collaboration. Employees have improved their understanding in collaborative
expansion of employee welfare. While directly helping employees reduce communication costs, it challenges, strengthened their sense of belonging under common goals, and effectively promoted
also reflects the Company's attention and care for their actual needs, further enhancing employees' cross departmental communication and collaboration.
sense of belonging to the Company.
Exclusive Car Service
Based on a long-term and good supply chain partnership, we have launched a special car purchase
benefit for employees of Zhonggu Logistics, covering in-depth evaluation of car use and exclusive
car purchase plans. The cooperation aims to effectively help employees improve their travel quality
through a more convenient test drive experience and more favorable car purchase conditions. It
is another practical measure for the Company to expand external resources and enrich employee
welfare. Corporate Team Building Activities
Creating a Harmonious Community 66 Creating a Harmonious Community 67
World Mental Health Day "Dragon Boat Festival Health · Traditional Chinese Medicine Health Preservation"
Theme Special Event
On October 10, 2025, on the occasion of World Mental Health
Day, the Zhonggu Logistics Union planned and conducted an On the occasion of the 2025 Dragon Boat Festival, in order to promote excellent traditional Chinese
interactive lecture activity with the theme of "Empowering culture, disseminate scientific and health concepts, and effectively care for the physical and mental
Workplace Psychology". The purpose of this activity is to pay health of employees, the Company headquarters specially planned and held a special event with
attention to the psychological status of employees, popularize the theme of " Dragon Boat Festival Health · Traditional Chinese Medicine Health Preservation ".
mental health knowledge, and help everyone master methods This event cleverly combines holiday customs and health care, setting up four experience sections:
of stress adjustment and emotional management, so as professional Chinese medicine practitioners give health lectures and provide one-on-one pulse
to face work and life challenges with a healthier and more diagnosis consultation; Carry out on-site massage
positive attitude. The lecture focuses on common stressors, and moxibustion experiences to help employees
self-awareness, effective communication, and psychological relieve fatigue and regulate their bodies; At the
counseling skills in the workplace through professional same time, incorporating traditional elements of
guidance, interactive experience, and case sharing, providing the Dragon Boat Festival, organizing employees
practical psychological support tools for employees. The to personally make traditional Chinese medicine
activity attracted many employees to actively participate, and sachets, integrating education with entertainment,
the on-site communication atmosphere was warm, effectively and experiencing the charm of traditional
enhancing the team's psychological resilience and overall culture. The activities have rich forms and strong
Workplace Psychological
cohesion. practicality, attracting many employees to actively
Empowerment Interactive Lecture
participate.
"Dragon Boat Festival Health · Traditional
Chinese Medicine Health Preservation "Theme
Special Event
Zhonggu Logistics and Huamu Street jointly hold the "Qixi Public Welfare Dating
and Friendship Association" Women's Day Celebration Activity for Female Employees
In order to deeply implement the corporate
On the occasion of the " International Women's Day" in 2025, in order to recognize female employees
philosophy of "bring happiness for employees"
who have performed outstandingly and made outstanding contributions to the Company's
and pay close attention to the growth and
development, and to convey holiday greetings and care to all female colleagues, the Company
personal life of young employees, on the eve
held the "Zhonggu Women Model" and "Zhonggu March 8th Red Flag bearer" commendation
of Qixi Festival, the Zhonggu Logistics Union
ceremonies, publicly praising outstanding
actively contacted the Lianyang Community
female representatives who have demonstrated
in Huamu Street to jointly plan and hold
professional abilities, sense of responsibility,
the "Qixi Festival Public Welfare Dating and
and exemplary roles in different positions, and
Friendship Association". This event aims to
setting internal examples, Promote the elegance
build a sincere, relaxed, and civilized dating
of women.
platform for outstanding single youth in the
Company headquarters and surrounding
In addition, the Company has carefully prepared
areas. Through carefully designed interactive
succulent small potted plants as holiday gifts
segments and group activities, help young
“Love. In the United Ocean "Qixi Public for every female employee at the headquarters,
employees broaden their social circle and
Welfare Dating and Friendship Association expressing gratitude for everyone's hard work and
enhance mutual understanding in a warm and
expressing the beautiful wishes of "healthy growth
pleasant atmosphere
and vitality". The small greenery not only brings
holiday surprises, but also creates a warm, caring,
and humanistic organizational atmosphere. Gift for Women's Day of Zhonggu Female
Employee
Creating a Harmonious Community 68 Creating a Harmonious Community 69
Zhonggu Logistics Dual Security Audit Mechanism for the Operation
Health and Safety
To effectively strengthen on-site safety management, Zhonggu Logistics has established and
operated a dual supervision mechanism of "frontline daily inspection + headquarters surprise
audit". Full time or part-time safety officers in each park strictly carry out systematic on-site
inspections according to daily, weekly, and monthly plans, continuously building the first line of
defense for safety production. At the same time, the headquarters security team conducts flight
inspections and in-depth audits directly at the
business site in an irregular and non notified
manner, verifying the actual implementation
of various safety management systems and
Zhonggu Logistics places occupational health and safety management at the core of its corporate strategy as the reviewing and supervising the quality of
fundamental guarantee for sustainable development. The Company strictly adheres to national laws and regulations frontline inspection work. During the reporting
such as the Safety Production Law of the People's Republic of China and the Law of the People's Republic of China period, the Company has conducted over 50
on the Prevention and Control of Occupational Diseases , as well as international standards, and has built a modern daily planned inspections, conducted over 4
safety management model that covers institutional norms, system operation, and goal guidance. It is committed to headquarters surprise audits, and promoted the
creating an inherently safe work environment for employees and continuously improving the ESG governance level completion of 271 hidden danger rectification
of the enterprise. projects, effectively improving the execution and
compliance level of on-site safety management. Xiamen Park Safety Qinzhou Industrial
Inspection Park Safety Inspection
The Company continues to promote the construction of occupational health and safety management system,
establishing a system with the General Principles of Safety Management as the guiding principle and supplemented
by special systems such as the Reward Measures for Company Accident Hazard Reporting . It clarifies the safety
production responsibilities of all employees from the decision-making level to the operation position, providing We are continuously improving the mechanisms of our occupational health and safety system. The following
a systematic approach for the entire business chain of ship navigation, port operations, park management, and table presents the occupational health and safety performance during the reporting period:
logistics distribution Operational behavioral norms and compliance guidelines. During the reporting period, the
Company successfully passed the annual supervision and audit of the ISO 45001 occupational health and safety Indictor Unit 2025 2024 Changes
management system, and continuously optimized its internal management mechanism to continuously improve the
standardization level of the Company's occupational health and safety management. Number of work-related deaths in the
Person 0 0 -
past three years
The Company is also continuously improving its occupational health and safety review mechanism, strengthening
Days of work lost due to occupational
risk identification and management improvement for key business scenarios through a combination of internal Day 0 147 -100%
injuries
inspections and third-party reviews. During the reporting period, the Company established a three-level safety
performance evaluation mechanism covering headquarters, areas, and project sites, systematically promoting the Days of work lost due to occupational Days/ million
implementation of safety management responsibilities. At the level of inspection and execution, we conducted injuries per million RMB RMB
in-depth inspections of the logistics park, and completed inspections of 50% of the operating parks during the
reporting period; At the same time, regular and special inspections have been carried out on self owned ships, and Work injury rate % 0 0.13 -100%
the coverage rate of self owned ships inspected throughout the year has exceeded 50%. In order to continuously
improve management transparency and professionalism, the Company actively introduces third-party independent Number of work-related injuries Person 0 2 -100%
institutions for audit verification. As of the end of the reporting period, irregular spot checks on 25 self owned ships
Number of work-related accidents No. 0 1 -100%
have been completed, objectively examining and driving the continuous improvement of the safety management
system from an external perspective. Number of Safety Drills No. 2,357 2,942 -19.88%
The Company attaches great importance to employees' risk awareness and conducts graded and classified Total Hours of Health and Safety
Hours 2,830 3,528 -19.78%
safety training and emergency drills during the reporting period. At the same time, the Company continuously Training
strengthens employees' awareness of safety responsibility and promotes the implementation of safety management
Coverage Rate of Health and Safety
requirements in various positions and links through system promotion, case warnings, and specialized training. % 100 100 -
Training
Focusing on the management goal of "eliminating major safety responsibility accidents and effectively preventing
occupational health risks", the Company relies on hazard investigation, training and education, and incentive Amount Invested in Work Injury
RMB 1,151,851 228,716 403.62%
mechanism construction to encourage employees, especially frontline employees, to actively discover and report Insurance
safety hazards, gradually creating a good atmosphere of "everyone emphasizes safety and everything is important
for safety". Coverage Rate of Work Injury Insurance
% 100 100 -
Personnel
Amount Invested in Safety Production
RMB 1,015,323 1,576,268 -35.39%
Liability Insurance
Coverage Rate of Safety Production
% 15.3 41 -62.68%
Liability Insurance Personnel
Creating a Harmonious Community 70 Creating a Harmonious Community 71
Rural Revitalization and Welfare
Fuzhou University Special Scholarship Program
In order to effectively fulfill corporate social
responsibility and provide precise support for
educational development, in October 2025, Zhonggu
Logistics officially established the "Zhonggu Logistics
Zhonggu Logistics actively fulfills its corporate social responsibility and integrates supporting community Special Scholarship" at the Fuzhou University 2025 New
development and serving the national strategy into the Company's practice. We are deeply involved in rural Year Party. This scholarship provides a total of 20,000
revitalization and provide comprehensive assistance to charitable causes through various forms such as donations yuan to outstanding new students from financially
and public education. At the same time, the Company encourages and organizes employees to participate in disadvantaged families, aiming to help them reduce their
community public welfare activities, work together to create a warm and harmonious social environment, and financial burden, smoothly integrate into university life,
continuously convey the power of being good and upward. and focus on their studies and development. Fuzhou University Zhonggu Special
Scholarship Award Ceremony
Rural Revitalization Volunteer Service Education Charity
Guangxi University Special Scholarship Program
Types of Public Welfare Activities in Zhonggu Logistics
In July 2024, Zhonggu Logistics signed a four-year
In terms of rural revitalization, the Company actively aligns with the national rural revitalization strategy and school enterprise cooperation agreement with the
integrates the achievements of consolidating and expanding poverty alleviation into the overall development School of Economics of Guangxi University. Through the
layout. During the reporting period, by participating in projects such as rural industry support and consumption establishment of the "Zhonggu Shipping Scholarship"
assistance, a total of 282,828.24 yuan was invested, effectively assisting in the comprehensive revitalization of and the joint construction of the "Internship and Training
rural areas and achieving a positive interaction between social benefits and enterprise development. Base", we will continue to support the development of
outstanding students. According to the agreement, the
Company provides a scholarship of 20,000 yuan per year
Zhonggu Logistics Assisted Agricultural Procurement to reward 10 outstanding students and provide them with
an open internship practice platform. In March 2025, the
Company representatives were invited to participate in the
In the fourth quarter of 2025, Zhonggu Logistics first scholarship award ceremony and witness the landing Guangxi University Zhonggu Special
purchased 9,000 kilograms of high-quality of the cooperation together. This cooperation reflects Scholarship Award Ceremony
apples from Shandong, with a total expenditure Zhonggu Logistics' emphasis on long-term investment
of 145,000 yuan. This batch of apples has and effectiveness in talent cultivation. It not only provides
excellent quality and a neat appearance, students with economic incentives, but also helps them
symbolizing a bountiful harvest and beauty. connect campus and workplace through internship
The Company presents it to employees, opportunities, achieving value co creation between
customers, and partners, conveying sincere enterprises and universities.
care for internal employees and expressing
sincere gratitude to external partners, further
consolidating emotional connections and
Zhonggu Logistics Assisted Agricultural Procurement
cooperative relationships. Wuhan University of Technology Education Development Foundation
In terms of volunteer services, a total of 433 employees contributed a total of 4,746 hours of service time during the As a socially responsible enterprise, Zhonggu Logistics has always
reporting period, demonstrating their deep commitment to jointly fulfilling social responsibility with the Company. focused on the education industry and actively supported the
construction and development of universities. In December 2025,
In the future, Zhonggu Logistics will continue to integrate enterprise resources, promote the deep integration of
Zhonggu Logistics officially signed a donation agreement with
social responsibility practice and business development, and contribute to achieving broader social value.
the Education Development Foundation of Wuhan University of
Technology to support discipline construction, talent cultivation,
In terms of charitable education, Zhonggu Logistics regards supporting the development of education as an and scientific research innovation. This donation reflects
important aspect of fulfilling corporate social responsibility, and is committed to supporting talent cultivation and Zhonggu Logistics' long-term commitment to higher education
community progress through sustained and stable resource investment. During the reporting period, the Company and is also an important practice for the Company to fulfill its
invested a total of 5.7432 million yuan in public welfare in the field of education. Through various forms such as social responsibility and give back to society.
establishing scholarships, assisting in the construction of teaching facilities, carrying out student assistance projects, Wuhan University of Technology
and supporting vocational education, the Company effectively assisted in improving educational resources and Education Development Foundation Has
promoting educational equity. These investments not only reflect the Company's long-term commitment to the Officially Signed a Donation Agreement
education industry, but also demonstrate our corporate responsibility to give back to society and create value
together.
Compliance in Operation 72 Compliance in Operation 73
Corporate Governance
Governance Structure
The Company strictly complies with national laws and regulations such as the Company Law of the People's Republic
of China , fully implements various regulatory provisions such as the Code of Corporate Governance of Listed
Companies and The Guidelines for Introducing Independent Directors to the Board of Directors of Listed Companies
issued by the China Securities Regulatory Commission, and on this basis, systematically formulates and continuously
improves the Articles of Association as the core, covering the rules of procedure for shareholders' meetings, board
of directors' meetings The independent director system, as well as a series of internal governance systems such as
internal control and risk management.
Zhonggu Logistics is committed to building a professional, diverse, and efficient governance structure. The Board
of Directors of the Company consists of nine members, including three independent non-executive directors,
accounting for 33%; The proportion of female directors and senior management personnel is 17%, reflecting the
Company's emphasis on diverse perspectives and gender balance in governance.
The Board of Directors consists of four professional committees: the Strategy Committee, the Compensation and
Assessment Committee, the Nomination Committee, and the Audit Committee. Each committee, based on the
Compliance in
actual operation and governance needs of the Company, effectively plays its professional functions, collaborates to
promote the shareholders' meeting, Board of Directors Board of Directors, and management to fulfill their respective
responsibilities and operate in a standardized manner, effectively safeguarding the long-term interests of the
Operation
Company and all shareholders.
Shareholders'
Meeting
Zhonggu Logistics firmly adheres to the sustainable development path of "safety,
efficiency, green", and based on this, has constructed a characteristic governance
structure that fits the characteristics of the logistics industry, strongly supports the
Board of Directors
Company's strategy, and closely matches the actual production and operation of
Zhonggu.
We strictly follow laws and regulations as well as regulatory requirements for listed
companies, continuously improve our internal control system, comprehensively
Compensation
strengthen the construction of risk management mechanisms, and continuously deepen Strategy Nomination Audit Committee
and Appraisal
the standardization and transparency of our Company's operations. Through systematic Committee Committee
Committee
governance optimization, the Company has effectively improved its overall governance
efficiency, achieving synchronous enhancement of business quality and operational
efficiency.
To continuously improve the level of governance, the Company systematically promotes the optimization of the
governance system based on strategic development needs. We continuously improve the corporate governance
structure, optimize the functions and decision-making authorization mechanism of the professional committees
of the Board of Directors, build a governance system with clear rights and responsibilities and effective checks and
balances, and synchronously establish a negative list of compliance management and an embedded compliance
review process. At the same time, the Company has established a comprehensive risk control framework covering
three layers: strategy, operation, and supervision. Based on this, a cross departmental joint decision-making
mechanism has been established, forming a management loop from risk identification to response feedback,
significantly improving the efficiency of major decision response and the accuracy of resource allocation.
Compliance in Operation 74 Compliance in Operation 75
investigation procedure after the initial review, analyze and determine the matter, and report to the internal
Compliance Operations
reporting management leadership group after understanding the facts and circumstances; Based on the opinions of
the leadership group, the violations and responsible persons will be seriously dealt with and rectified.
Zhonggu Logistics strictly adheres to national laws and regulations, industry norms, and internal management
systems such as the Company Law of the People's Republic of China , and relies on a compliant and efficient
governance structure to ensure the continuous and stable development of the Company. During the reporting Audit and Supervision Report Email: shenjijiancha@zhonggu56.com
period, we focused on key areas such as cost control and asset management, and implemented dynamic monitoring Discipline Inspection Commission Report Email : jijianwei@zhonggu56.com
and refined control of key operational indicators such as ship load rate, in port dwell time, and direct docking rate, Report
Chairman's Reporting Email: chairman@zhonggushipping.com
continuously optimizing operational efficiency. Mailbox:
The Company adheres to a comprehensive compliance system and conducts specialized compliance training
Business Ethics Management Measures
for directors, supervisors, and senior management personnel to ensure their comprehensive understanding and
compliance with relevant regulations and policies. When updating regulatory policies, we promptly organize analysis
and interpretation, and provide targeted communication and training to relevant departments to ensure that our
business activities always comply with the latest regulatory requirements.
Zhonggu Logistics places the construction of business ethics and integrity and compliance at the core of sustainable
development of the Company. Through systematic cultural cultivation and institutional implementation, it
During the reporting period, the Company actively organized directors and senior management personnel to
continuously improves the professional ethics of all employees, ensuring the legitimacy and integrity foundation of
participate in relevant training, and promoted independent directors to participate in subsequent professional
the Company's business behavior.
training at the Shanghai Stock Exchange, continuously enhancing their ability to perform their duties. At the same
time, we send stock compliance trading guidelines to directors and senior management through multiple channels
During the reporting period, the Company carried out a series of measures to deepen governance and supervision.
such as email and WeChat, implement prior reminders and process management, ensure that all trading activities
To prevent potential conflicts of interest, we conducted a comprehensive investigation into the employment status
are legal and compliant, and effectively prevent violations and risks.
of employees and their relatives in affiliated units. The Company also strictly implements the departure audit of
departing senior management personnel, comprehensively reviews
their economic responsibilities during their tenure, and strengthens
Business Ethics
the performance warning and risk prevention of incumbent
executives. At the same time, the Company extends integrity risk
management to its business partners, including the Anti Commercial
Bribery Clause in all signed commercial contracts, clarifying the Top-level management
code of conduct and responsibilities of both parties, in order to build 94 Hours
an honest and transparent business cooperation environment. In
various business audits, we focus on the anti-corruption field and
systematically identify business risks and non compliant behaviors Mid-level
through process analysis, financial verification, and personnel management Rank & file
Guided by the core values of " Loyalty, Sincerity, Diligence", Zhonggu Logistics systematically promotes clean interviews, ensuring asset safety and operational health. 2,730 Hours
governance, continuously strengthens the long-term mechanism construction of "dare not corrupt, cannot corrupt, 140 Hours
and do not want to corrupt", and ensures the integrity, compliance, and efficiency of the Company's operations. As In terms of building a clean culture, Zhonggu Logistics continuously
of the end of the reporting period, Zhonggu Logistics has not had any corruption litigation cases. strengthens the compliance awareness and professional ethics of
all employees through a systematic and normalized education and
Business Ethics Management System
supervision mechanism. During the reporting period, the Company
achieved full coverage of business ethics and anti-corruption training Duration of Business Ethics
for all employees, and the training duration for each level is as Training at All Levels
Zhonggu Logistics continues to improve its anti-corruption management system, and through the construction of a follows.
system that integrates institutional construction, organizational support, and supervision mechanisms, it strengthens
the defense line for clean operation. The Company has formulated and strictly implemented the Anti Corruption and
Integrity Management Measures and the Accountability Management Measures for Dereliction of Duty and Violations,
embedding the integrity and compliance requirements system into key business processes and management links. Zhonggu Logistics"Integrity Promotion Month"Activity
At the organizational structure level, the Company has established a leadership group for anti-corruption and anti-
corruption construction, directly led by the chairman, with members of the Board of Directors serving as deputy During the reporting period, Zhonggu Logistics carried out a one month Integrity Promotion
leaders, and heads of various departments, regions, and wholly-owned subsidiaries serving as members, forming a Month activity to continuously enhance the integrity awareness of all employees. During
work pattern of coordinated promotion and implementation at all levels. the event, the Company organized all employees to sign the Compliance Pledge , and new
employees are also required to sign an additional Position-Specific Integrity Commitment
In terms of management processes, the Company has established smooth internal and external reporting channels, to strengthen the commitment foundation of employees' integrity and self-discipline,
actively encouraging employees and partners to report issues, and clearly protecting the rights and interests of further consolidating the cultural atmosphere and institutional guarantee of the Company's
whistleblowers. Our specific reporting management process is as follows: to receive reports through a dedicated compliance operation.
email set up in layers, and to be directly processed and recorded by the Audit Department, Discipline Inspection
Commission, or Chairman's Office according to the classification of receiving channels; Immediately initiate the
Compliance in Operation 76 Compliance in Operation 77
Risk Management
Risk Management Measures
The Internal Control Department actively carries out a series of internal control measures to continuously
Zhonggu Logistics continues to improve its risk identification, evaluation, and early warning mechanism, strictly
enhance the internal control awareness and execution ability of all employees. During the reporting period,
implements risk control processes, promotes the comprehensive integration of risk management systems into
the Internal Control Department continued to carry out risk management measures with a closed-loop
all aspects of business operations, and internally develops risk management related systems, known as Zhonggu
approach of "plan review-process supervision-outcome evaluation", achieving full cycle management of risk
Logistics Internal Control System Manual .
management through diversified methods such as hierarchical supervision, special review, digital tracking,
and regular reporting. The internal control department has established a cross level visualization dashboard,
The Company has established a comprehensive risk management and governance framework, and established a
carried out special supervision and root cause analysis on lagging issues, promoted the systematic sorting of
risk prevention and control working group led by the general manager, with the risk control center and each center
risk management processes in various units, and promoted the deep integration of management systems and
leader as members, to systematically promote the institutionalization and systematization of internal control work.
business practices.
The Company has an internal control department under the risk control center, which maintains a high degree of
independence and fulfills its internal control responsibilities with an objective and rigorous attitude. The Internal
At the same time, the Company further incorporates the results of internal control evaluation into the
Control Department is not only responsible for planning and improving the internal control system, but also
performance evaluation system, strengthens the sense of responsibility of all employees, and ensures timely
undertakes supervision and review of the implementation of various departmental systems, in order to ensure the
detection and closed-loop implementation of problems through a normalized defect self-assessment and
compliance of the Company's operations and achieve effective risk control.
rectification tracking mechanism. These measures have jointly promoted the continuous improvement of the
Company's internal control efficiency and organizational operational efficiency.
Legal Department
Risk Management Training
Risk Control During the reporting period, Zhonggu Logistics established a systematic risk training system, covering all personnel
Center on board and shore, and is committed to continuously improving professional skills and comprehensive risk control
capabilities. This system is based on pre-job admission training and strictly implements standardized training for
new shore based employees for no less than 48 hours and for new captains for no less than 24 hours. The content
Internal Control comprehensively covers core requirements such as safety management, system standards, and international
Department conventions. At the same time, the Company achieves regular and institutionalized on-the-job learning through
Financial Center monthly ship safety training and specialized guidance from external experts. On this basis, the Company has further
established a risk management and compliance education system that integrates knowledge and action, deeply
integrating risk awareness into organizational capabilities.
General Manager Ship Management
Center Compulsory Course on Professional
Special integrity training for key positions
Conduct for New Employees
Scenario Based Exercise of Business Lines Customized Legal Education Curriculum
Marketing Center
Content of Risk Management and Compliance Education System
As of the end of the reporting period, the Company has achieved a 100% participation rate in key positions related to
Administration risk system training. Through systematic training, employees equipment operation and process execution abilities
Center have been significantly consolidated, and their awareness of risk identification and compliance decision-making has
been continuously strengthened.
Risk Control Management Structure
Appendix 78 Appendix 79
Index
Index to the Guidelines No. 14 of Shanghai Stock
Exchange for Self-Regulation of Listed Companies—
Sustainability Report (Trial) GRI Index
From January 1 to December 31, 2025, Shanghai Zhonggu Logistics Co., Ltd. reported
Dimension Number Topic Article Chapter Instructions for use
the information cited in this GRI index with reference to the GRI standard.
Title of disclosure Chapter
issue/item
GRI 2：General Disclosures 2021
Environment Organization and Reporting Practices
Employees and Activities
Development、Caring for Employees
Social 2-16 Communication of critical concerns Double Materiality Assessment
Equal Treatment of Small and Medium-
sized Enterprises 2-17 Collective knowledge of the highest governing body ESG Governance System
Strategies, Policies and Practices
Stakeholder Engagement
Data Security and Customer Privacy 2-29 Stakeholder engagement approach Stakeholder communication
Protection
GRI 3：General Disclosure 2021
Compliant Employment、Talent evelopment、 3-1 Process for identifying substantive issues Double Materiality Assessment
Caring for Employees
GRI 201：Economic Performance 2016
Governance 19 Stakeholder Communication Articles 53 Stakeholders Communication 201-1 Direct economic value generated and distributed Key performance
related to
GRI 205：Anti-corruption 2016
sustainable Anti-Commercial Bribery and Anti-
development 20 Articles 55 Business Ethics 205-1 Direct economic value generated and distributed Business ethics
corruption
Appendix 80 Appendix 81
Environment
GRI 302：Energy 2016
Performance Summary
GRI 303：Water Resources and Wastewater 2018
Issue Indicator Unit 2025
Gasoline kWh 66,566.18
Gasoline kWh 237,121,389.55
Low sulfur fuel oil kWh 2,218,349,015.29
Lubricating oil kWh 23,739,074.24
Energy consumption Total direct energy consumption kWh 2,479,276,045.25
GRI 305：Emission 2016
Electricity kWh 1,457,340.17
Total indirect energy consumption kWh 1,457,340.17
Total energy consumption kWh 2,480,733,385.42
Total energy intensity kWh/ million RMB 233,659.32
Scope 1 GHG emissions Ton of CO2 equivalent 658,491.83
Scope 2 GHG emissions Ton of CO2 equivalent 913.04
GRI 306：Waste 2020
GHG Emissions Scope 3 GHG emissions Ton of CO2 equivalent 4,647.23
Total GHG emissions Ton of CO2 equivalent 664,052.10
GHG emissions intensity Ton of CO2 equivalent/million RMB 62.55
Total water consumption Ton 99,219.85
Water consumption intensity Ton/million RMB 9.35
Society
Water resources Freshwater consumption Ton 62,453.8
GRI 401：Recruitment and Employment 2016
Total water recycling and reuse Ton 37,231.55
Water recycling and reuse rate % 37.35
Benefits provided to full-time employees that are not provided to temporary or
part-time employees Wastewater
Wastewater discharge intensity Ton/million RMB 1.58
GRI 403 : Occupational Health and Safety 201
Nitrogen oxides Ton 16,603.15
Sulfur oxides Ton 1,908.41
Waste gas Suspended particles and particulate matters Ton 410.7
Total waste gas emissions Ton 19,751.16
Waste gas emission intensity Ton/million RMB 1.86
Total amount of hazardous waste Ton 1,185.53
Prevention and mitigation of occupational health and safety impacts directly linked
by business relationships Intensity of hazardous waste Ton/million RMB 0.11
Waste
GRI 404 : Training and Education 2016 Total investment in environmental protection Ten thousand RMB 646.72
Investment in environmental
% 0.06
protection to operating income
GRI 405：Diversity and Equal Access 2016
Society
Issue Indicator Unit 2025
GRI 406：Anti-Discrimination 2016
Number of employees
Total number of employees Number of employees Person 1,486
GRI 408：Child Labor 2016
Permanent employees Person 1,481
Dispatched labor 10 Person 5
GRI 409：Forced or Compulsory Labor 2016
Male Person 1,152
Operations and suppliers at significant risk for incidents of forced or compulsory By gender of employment
labor Female Person 329
GRI 414：Operations and suppliers at significant risk for incidents of forced or compulsory labor Top-level managemen Person 56
Strengthening Supply Chain By rank of employment Mid-level management Person 117
Management
Rank & file Person 1,308
GRI 418：New suppliers that were screened using social criteria
Substantiated complaints concerning breaches of customer privacy and losses of By the end of this fiscal year, the number of informal employees such as interns, labor dispatch, and part-time employment has
customer data been counted.
Appendix 82 Appendix 83
Hour 50.33
training per employee employee
Total training hours of employees 31-50 Person 768
Male Hour 55,013
Above 50 Person 49
Female Hour 19,526
Chinese Mainland Person 1,473
Total training hours of employees Top-level management Hour 3,957.9
Number of employees by region Hong Kong, Macao and Taiwan Person 0
Mid-level management Hour 6,395.4
overseas Person 8
Rank & file Hour 64,185.5
Employee Turnover Rate
Average number of hours of Male Hour 50.61
Overall turnover rate Turnover rate % 10.4
training by gender Female Hour 49.56
Male % 8.7
By gender Total training hours of employees Hour 50.1
Female % 16.4
Average number of hours of
Mid-level management Hour 48.82
Rank & file Hour 50.5
By age 31-50 % 3.9
Compensation and Revenue
Above 50 % 18.4
Salary per capita RMB /Person 247,731.37
Chinese Mainland % 10.4 Compensation and revenue
Income per capita RMB /Person 7,144,604.32
By region Hong Kong, Macao and Taiwan % 0
Supply Chain
overseas % 0
Supplier Total number of suppliers No. 4,562
Occupational Health and Safety
China Mainland No. 4,476
Work-related death Number of work-related deaths Person 0
By region Hong Kong, Macao and Taiwan No. 33
Number of work-related deaths per million RMB Person/million RMB 0
Overseas No. 53
Days of work lost due to occupational injuries Day 0
Products and Services
Days of work lost due to occupational injuries
Day/million RMB 0
Work-related injuries per million RMB Number of incidents recalled for safety and
Recall No. 0
health reasons
Work injury rate % 0
Number of complaints received about products
Number of work-related injuries Person 0 No. 106
and services
Number of work-related accidents No. 0
Handling rate of complaints received about
% 100
Number of safety drills No. 2,357 Complaint products and services
Number of safety trainees Total Hours of Health and Safety Training Hour 2,830 Number of customer complaints per million
No./million RMB 0.01
Chinese Yuan
Coverage Rate of Health and Safety Training % 100
Customer satisfaction % 95.5
Investment Amount in Work-related Injury
RMB 1,151,851
Insurance Intellectual Property
Coverage Rate of Work-related Injury Insurance Patent Number of patent applications No. 0
% 100
Personnel
Safety production investment Trademark Number of trademarks held No. 3
Investment Amount in Work Safety Liability
RMB 1,015,323 Software copyright No. 12
Insurance
Copyright Number of software titles per million Chinese
Coverage Rate of Work Safety Liability Insurance No./million RMB 0.0011
% 15.3% Yuan
Personnel
R&D and Innovation
Development and Training
Number of R&D employees Person 70
Total number of trainings Total number of trainings No. 220
R&D staff ratio % 4.73
Total investment in employee training Ten thousand RMB 286 Research and development
R&D investment Ten thousand RMB 2,150.10
Employee training investment per million RMB Ten thousand RMB 0.03
Employee training investment
R&D investment as a percentage of revenue % 0.2
Average employee training and development
Ten thousand RMB/person 0.192
investment Community Charity
Employee Training Coverage total coverage % 100 Donations outside the community RMB 282,828.24
Male Person 1,087 Investment in community activities for public
Number of trainees by gender RMB 6,609.08
good
Female Person 394
Total investment in public welfare RMB 289,437.32
Male % 73.8
Percentage of training by gender Public welfare Community public welfare investment per
Female % 26.2 RMB/million in RMB 27.26
million Chinese Yuan
Top-level management Person 79
Employee volunteer hours Hour 4746
Number of trainees by rank Mid-level management Person 131
Employee volunteer hours per employee Hour 3.2
Rank & file Person 1,271
Social contribution per share RMB per share 1.58
Top-level management % 5.31
Percentage of training by rank Mid-level management % 8.58
Rank & file % 86.11
Reporting Evaluation and Suggestions 84 85
Reporting Evaluation and
Suggestion
Reporting Evaluation and Suggestion
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