Zhejiang China Commodities City Group Co., Ltd.
Environmental, Social and
Governance Report
Zhejiang China Commodities City Group Co., Ltd.
Address E-mail
CCC Group Building, 567 Yinhai Road, Yiwu, Zhejiang 600415@cccgroup.com.cn
Telephone Fax
Post Code Website
CONTENTS CONTENTS
Report Preface 01
About This Report 01
Compliance as Innovation Drives
Chairman's Message 03
Cornerstone, Growth,
Entering Yiwu CCC 05 Integrity as Compass Data Fortifies Security
About Us 05
Improve the Governance System 33 Innovation-driven 73
Performance Highlights for 2025 13
Ensure Compliant Operations 37 Supply Chain Security 86
Investor Rights Protection 39 Product Safety and Quality 92
ESG Management 15
Abide by Business Ethics 41 Customer Service Management 97
ESG Governance 15 Uphold the Party’s Leadership 45 Information Security and
ESG Management Goals 19 Privacy Protection
Stakeholder Communication 21
Management of Important Issues
Embarking on a New Digital Trade
Era with Responsibility
Responsibility Positioning of the Global Green Market Employees,
Digital Trade Center
Give Back to Society
Create a Low-Carbon and Efficient New Space
for Digital Trade Address Climate Change 51 Employee Rights Protection 111
Promoting Ecological Co-prosperity and Resource Management 57 Employee Training & Development 121
Value Sharing Environmental Management 66 Occupational Health and Safety 126
Ecosystem and Biodiversity Rural Revitalization and
Protection Social Contribution
Index of Indicators 133
Reader Feedback 135
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Title Description
REPORT PREFACE For ease of expression and reading, "Yiwu CCC," "CCC Group," the "Group," the "Company," and "we" all refer to
Zhejiang China Commodities City Group Co., Ltd. For details on subsidiary designations, please refer to the
About This Report Definitions section.
Report Overview Term Meaning
Supply Chain Company Zhejiang China Commodities City Supply Chain Management Co., Ltd.
This report is the 17th Environmental, Social, and Governance (ESG)/Corporate Social Responsibility (CSR) report Yayue Hotel Zhejiang China Commodities City Group Co., Ltd. Yandoo Yayue Hotel
released by Zhejiang China Commodities City Group Co., Ltd. (hereafter referred to as the “Company”). Based on the
Yandoo Hotel Zhejiang China Commodities City Group Co., Ltd. Yandoo Hotel
principles of objectivity, standardization, transparency, and comprehensiveness, this report details the practical
measures and achievements of Yiwu CCC and its subsidiaries, branches, and partially owned companies in Ocean Hotel Zhejiang China Commodities City Group Co., Ltd. Ocean Hotel
environmental, social, and corporate governance (ESG) during 2025. CCC Exhibition/Exhibition Company Yiwu China Commodities City Exhibition Co., Ltd.
CCC Hotel Zhejiang China Commodities City Group Co., Ltd. CCC Hotel
Scope of the Report Zhejiang China Commodities City Group Co., Ltd. International Trade City
First District Market
First Branch
Time frame: The reporting period for this report is from January 1, 2025, to December 31, 2025 (hereinafter referred to
Zhejiang China Commodities City Group Co., Ltd. International Trade City
as the "reporting period"). To enhance the comparability and completeness of the report, some content is appropriately Second District Market
Second Branch
retrospective to previous years or has forward-looking descriptions.
Zhejiang China Commodities City Group Co., Ltd. International Trade City
Third District Market
Scope of Organization: This report focuses on “Zhejiang China Commodities City Group Co., Ltd.”, including its Third Branch
subsidiaries, sub-subsidiaries, and some affiliated companies. Unless otherwise specified, the scope of this report is Zhejiang China Commodities City Group Co., Ltd. International Trade City
Forth District Market
consistent with the Company's annual report. Fourth Branch
Zhejiang China Commodities City Group Co., Ltd. International Trade City
Fifth District Market
Release Cycle Fifth Branch
Binwang Market Zhejiang China Commodities City Group Co., Ltd. Binwang Market Branch
This report is an Environmental, Social, and Governance (ESG) report, published annually.
Huangyuan Market/Huangyuan
Zhejiang China Commodities City Group Co., Ltd. Huangyuan Branch
Clothing Market
Preparation Basis Zhejiang China Commodities City Group Co., Ltd. International Production
Yixi Market
Materials Market Branch
This report is prepared in accordance with the Shanghai Stock Exchange's "Self-Regulatory Guidelines No. 14 for
Listed Companies - Sustainability Reports (Trial)" and "Self-Regulatory Guidelines No. 1 for Listed Companies - Hotel Management Company Zhejiang Yandoo Hotel Management Co., Ltd.
Standard Operations." Moreover, the preparation of this report references the State-owned Assets Supervision and Import and Export Company Zhejiang China Commodities City Import and Export Co., Ltd.
Administration Commission's "Research on the Preparation of ESG Special Reports for Central Enterprises Holding Kuaijietong Kuaijietong Payment Service Co., Ltd.
Listed Companies," the Global Reporting Initiative's "Sustainability Reporting Standards" (2021 version), and the
Yiwugou Zhejiang Yiwugou E-commerce Co., Ltd.
United Nations Sustainable Development Goals (SDGs).
Big Data Company Zhejiang China Commodities City Big Data Co., Ltd.
Yourworld Yourworld International Conference Center
Shangtu Catering/Shangtu Hotel Yiwu Yandoo Shangtu Catering Co., Ltd.
Data Source
Access to Report and Feedback
The data in this report is sourced from Yiwu CCC's internal records, company documents, auditor’s reports, and other
This report can be accessed and downloaded from the Shanghai Stock Exchange website (www.sse.com.cn). If any
materials, with some financial data derived from the Company's 2025 Annual Report. Unless otherwise specified, all
questions or suggestions regarding the report, please send them to 600415@cccgroup.com.cn.
monetary amounts in this report are denominated in RMB.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Chairman's Message
Low-Carbon Operations to Lead Green Transition
The year 2025 marks the culmination of the 14th Five-Year Plan and Responding to the national "Dual Carbon" goals, we fully embrace green development. We integrate environmental
the launch of a new round of comprehensive international trade
reforms in Yiwu. Guided by the mission of “Small Commodities, Big standards into every operational link—from construction to merchant services—striving to build a resource-efficient
Market, Creating New Glory Continuously,” the Company is using enterprise in harmony with nature. Driven by technological innovation, we are creating a smart, green digital trade
these reforms as a catalyst. We are fiercely driving reforms in key areas space to facilitate the broader low-carbon transition of the economy and society.
and ensuring the implementation of major projects, accelerating the
market’s innovative development and the transformation and upgrading Digital Empowerment for a Smart Trade Ecosystem
of our enterprises. We are fully committed to delivering stellar results
Riding the wave of digital integration, we accelerate the Yiwu Market's upgrade. The grand opening of the Global
and securing full-year success.
Digital Trade Center serves as a "benchmark for global trade," exemplifying "Yiwu Confidence, Vitality, Innovation,
Building on the solid foundation of the past year, we continue to
advance our ESG management framework toward a more systematic and Speed." Furthermore, we developed "World Yiwu," the trade sector's first commercial large language model
and business-as-usual approach. We are not only deeply integrating (LLM). By deploying AI design and visual creation tools, we promote the deep integration of AI with physical
ESG principles into our corporate strategic decision-making, but also markets, empowering the entire small commodity value chain.
empowering every segment of our operations to proactively identify
opportunities, manage risks, and achieve responsible value creation. Uniting Hearts to Build a Harmonious Community
Adhering to the philosophy of "caring for employees and serving operators," we optimize cultural platforms and
business environments. We align with national strategies to deepen university-enterprise cooperation and volunteer
Steadying the Helm with the Leadership of the Party programs, creating synergy between talent development and market transformation. We also expand the "She
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we Creates" service to empower female entrepreneurs with industry insights and opportunities. Additionally, through
operate under the Party Committee's strong leadership. We have established robust mechanisms active participation in public welfare, we convey warmth and contribute to social progress.
and innovative platforms to foster a dynamic paradigm of "Party-led development with synergized
Looking ahead, we will continue to advance reforms and innovations to upgrade the Yiwu Market's capabilities.
engagement of trade unions, youth, and women's federations." Heeding General Secretary Xi
Committed to ESG principles, we strive for excellence in environmental, social, and governance domains, marching
Jinping's instruction for Yiwu Market to lead as a national flagship, we forged the "Gathering
steadily on a path of sustainable development defined by resilience and compassion.
Markets to Build the City, Promoting Commerce through Trade Services" brand. These efforts
have transformed Party building into a "red engine" driving the market's sustained prosperity. CHEN Dezhan
Chairman of the Board of Directors
Robust Compliance to Solidify Foundations
Zhejiang China Commodities City Group Co., Ltd.
Fulfilling our mission as a state-owned enterprise, we advance the modernization of our
governance system. By optimizing governance structures, upgrading risk management, and
deepening anti-corruption initiatives, we enhance the scientific rigor of our decision-making and
operational robustness. These measures solidify the bedrock for high-quality development,
injecting enduring momentum into the Company's sustainable and responsible growth.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
ENTERING YIWU CCC
COMPANY STRATEGY
About Us
Company Profile Overall Goal
Established in December 1993, Zhejiang China Commodities City Group Co., Ltd. is a state-controlled listed
To Be Famous Trade Service Platform
company (Stock Code: 600415) headquartered in Yiwu, Zhejiang Province. The Company is dedicated to
building a shared trade service platform for over 2.1 million micro, small, and medium-sized enterprises
(MSMEs), and operates the Yiwu International Trade City, the world’s largest wholesale market for small
commodities. Three Ecosystems
Currently, centered on the innovative development of its core market business, the Company is driving the Commodity Display and Trading Ecosystem
coordinated growth of both innovative and supporting business lines. The innovative segment encompasses Trade Fulfillment Service Ecosystem
information and data, financial services, import and export trade, international expansion, as well as logistics Market Supporting Service Ecosystem
and warehousing. The supporting segment covers property management, real estate construction, hotels,
exhibitions, and asset operations. Through these synergies, we are fostering a comprehensive trade development
paradigm for the Yiwu Market that features online-offline integration, import-export linkage, domestic-foreign
connectivity, and parallel domestic-foreign trade development.
Overall Pathway
Looking ahead, the Company will remain firmly anchored to its strategic positioning as a “Famous Trade
Position: Famous Trade Service Platform
Service Platform.” Guided by the vision of “Making the market prosperous and making trade easy,” we will
focus on four key pillars: unlocking the entire trade value chain through “Business,” building an industrial moat
Two Main Lines: Market + Digitalization
through “Ecosystem,” seizing future opportunities through “Technology,” and enhancing internal organizational
strength through “Management.” By striving to build a “Century-Old Market and a Century-Old Enterprise,” we
Four Systems:
aim to make even greater contributions to expanding domestic and international markets and facilitating the Market Core Competitiveness System
smooth flow of the domestic and international dual circulation. International Trade Fulfillment Service System
Digital Support System
Institutional and Mechanism Support System
Empowerment in X aspects
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Corporate Culture Main Business and Business Segments
Supporting Online
Mission Platform
Industries
Make Trade Easy Hotels
Warehouse Chinagoods Platform
Expo center Main Chinagoods.com
Business
Overseas Financial
Business Services
Vision Micro Loan
To Be Famous Trade Service Platform Overseas Market Currency Exchange
Import&Export Yiwu Pay
FBC Warehouse Factoring
Yiwu Selection Credit Reporting
Cultural Identity
Struggle To Pursue Dreams
Clean And Honest Business Segments
Commodity Display and Trading Ecosystem
Physical Markets: The market transaction volume reached RMB 322.3 billion in 2025, with the
average daily shop opening rate maintained at over 97%.
Self-operated Trade: Engaged in centralized import procurement, export proxy procurement, and
new retail brand operations.
Global Expansion: A total of 78 overseas projects have been established in 36 countries worldwide,
with 32 new projects added in 2025.
Core Values It's Time
Trade Service Ecosystem
Online Markets: Chinagoods attracted 700,000 new buyers, bringing the cumulative total to 5.5
Identity-We are all in the family of Yiwu CCC million.
Warehousing & Logistics: The operating area of domestic logistics parks exceeded 700,000 square
Target- Make a little progress every day meters, with a comprehensive occupancy rate of over 99%, achieving full-capacity operation for
Self-confidence- You are better than you imagine two consecutive years.
Financial Services: Holds four financial licenses covering payment, factoring, credit reporting, and
Team work-You are not fighting alone micro-lending.
Implementation - Execution power is competitiveness Market Supporting Service Ecosystem
Hotel Business: Operates seven star-rated hotels and long-term apartment complexes, alongside
Magic- Both imaginative and down-to-earth two major food and beverage brands: Fingertip Canteen and Yandoo Cafe.
Effort- Encourage the process, reward the results Exhibition Business: Provides full industry-chain services integrating domestic exhibition
organizing, overseas exhibition participation, venue management, and supporting services.
Zhejiang China Commodities City 2025 Environmental, Social, and
G r o u p C o . , L t d . Governance Report
Zhejiang China Commodities City Group Co., Ltd.
Honors and Awards
Yiwu Municipal Government Third Prize of Zhejiang
SSE Eagle - Gold Quality 2025
Quality Award Modern Management
ESG Award
Yiwu Municipal People's Innovation Achievements
China Securities Network
Government (Finance Field)
Zhejiang Provincial Association of Chief Accountants
Zhejiang Provincial Enterprise Federation
Global Digital Trade Center
Merit Award the Comprehensive Intelligence Committee
Opening Event 'Striving for
Assessment of the City (Initiating Units)
Yiwu Municipal Excellence' Timely Reward
Committee of the CPC Global Digital Trade Expo
Yiwu Municipal People's Yiwu Municipal Committee of the CPC Yiwu Municipal Committee of the CPC
Government Yiwu Municipal People's Government Yiwu Municipal People's Government
Yiwu Charity Federation Commerce
China International Chamber of Commerce
Zhejiang China Commodities City 2025 Environmental, Social, and
G r o u p C o . , L t d . Governance Report
Zhejiang China Commodities City Group Co., Ltd.
ESG New Benchmark Outstanding Practice
Relations Data Ranking of
Selection Board Office
Securities Star Listed Companies Best
Outstanding Investor Zhejiang Association for Institutional Coverage
Relations Team Award Listed Companies
Entrance Platform "One in a
Securities Star
Hundred"
Investor Relations Listed Companies on of Trade and Logistics
the Main Board Vice President Unit
Management Tianma Committee
Award Securities Times Zhejiang Association for
Zhejiang Business
Public Companies
Securities Times People's Daily Research Center
Market Value Research Investor Relations
Annual Competitiveness Member Unit of Zhejiang Province "Belt and Road"
Construction Award
Enterprises Comprehensive Service Alliance
Shenzhen Jiazhi Zaixian
Yicai / China Business Zhejiang Province Belt and Road Comprehensive
Information Technology Co.,
Network Service Alliance
Ltd.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Performance Highlights for 2025 Social Performance
Operational Performance (in RMB) Number of R&D Integrity agreements signing rate for Customer complaint resolution
personnel suppliers and procurement personnel rate
Operating revenue Net profit attributable to shareholders
of the Listed Company
Net assets attributable to shareholders
of the Listed Company 222 100 % 100 %
Customer satisfaction (market Employee coverage rate of data Number of ethnic minorities
operations business line) security and customer privacy
Total assets Basic earnings per share after deducting Sampled market transaction protection training 39
non-recurring gains and losses amount 97.60 %
Total cash distribution Total tax amount Per share social contribution Number of employees with Number of veteran employees Proportion of female
(including tax) value disabilities employees
Proportion of women among Grassroots employee Number of employees in need
management personnel satisfaction score receiving assistance
Governance Performance 22 % 90.15 20
evaluation Employee training coverage Labor contract signing rate Safety hazard rectification rate
A class
Total duration of anti-commercial bribery Percentage of directors and senior management Number of safety production Number of volunteer activity Total Duration of Volunteer
and anti-corruption training trained on anti-bribery and anti-corruption accidents participants Activities
Environmental Performance
Greenhouse gas emissions reduction Clean energy usage (photovoltaic Renewable energy
power generation) consumption Proportion of recycled water Environmental penalties and Compliance rate of waste
standard coal
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
ESG Management
ESG Governance
Governance Structure Governance Subject Composition Responsibilities
The Company has established an ESG governance structure composed of the Board of
Review and approve the Company's ESG
Directors, the Board's Strategy and ESG Committee, and the ESG Working Group, and development strategy and goals, major
formulated related ESG management systems such as the 'ESG Management System', 'ESG Board of issues, governance structure, management
Governance Structure and Responsibilities', and 'Climate Management System (Trial)'. In Directors systems, etc., and finalize the Company's
addition, the Company will incorporate ESG performance into the executive compensation ESG report.
performance appraisal, covering multiple dimensions such as party building and Research and provide recommendations on
governance, effectively strengthening the management's emphasis on and execution of ESG Board Members the Company's ESG goals, strategic
work. planning, governance structure,
management systems, etc., coordinate
Board of Directors internal and external ESG-related work,
Strategy and ESG study substantive issues, guide the daily
Committee implementation of ESG work and the
preparation of the ESG report, and review
the ESG report.
Decision-making
Level Understand the demands, opinions, and
Chairman
General Manager suggestions of stakeholders, analyze
ESG Leadership substantive issues, promote the
Other Party implementation of ESG work by various
Group Committee executing units, collect and compile ESG
Members information for the Company, and prepare
Management Level Senior Management ESG reports and related documents.
Departments of the Establish four groups focusing on
Company corporate governance, environmental
ESG Executive Headquarters protection, industrial value, and human
Team capital, bearing the main responsibilities
Heads and
Employees of within their scope, and responsible for
Execution Level implementing ESG tasks according to the
Subsidiary
Company's overall plan and regularly
Companies
reporting on execution status.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
ESG Risk Management
Yiwu CCC fully considers the impacts, risks, and opportunities related to ESG in the processes of
Risk
strategic implementation, risk management, and major decision-making. The Board of Directors, as the Risk Source Identification Prevention and Improvement Measures
Category
highest governance body for ESG, bears the ultimate supervisory responsibility in ESG risk management.
• Financing risk • Establish a financial risk early warning mechanism
The Company refers to the International Sustainability Standards Board (ISSB) IFRS S1 and S2
• Accounts receivable • Strengthen the analysis of financing channels and costs, and enhance
standards and domestic guidelines, focusing on four core pillars: governance, strategy, risk management, Financial
management risk monitoring of the financing process
and metrics and targets, to identify and evaluate various internal and external factors, conduct due Risk
• Redundant fund management • Strengthen monitoring and analysis of accounts receivable
diligence, review the requirements of stakeholders, formulate, supervise, and review measures to address risks • Formulate capital management processes and systems
risks, and classify identified risk factors into six categories: investment risk, management risk, strategic • Risk of policy impact on the
• Timely collection of market, competitor, and policy information
risk, financial risk, market risk, and legal risk. In response to these risk points, the Company strengthens industry
Market Risk • Customer-centric, focusing on changes in customer needs and adjusting the
the construction of internal control systems, reasonably standardizes operational processes, establishes a • Risks arising from changes in
business model accordingly
government investment models
scientific risk management system, and enhances internal supervision to avoid risks as much as possible
or minimize them, ensuring the Company's safe, stable, and sustainable development. • Risks from internal and • Strengthening Pre-Project Market Research, Conducting Thorough Risk
external environmental changes Assessment and Analysis for Proposed Projects
Risk • Improve internal operation management systems, design internal control
Risk Source Identification Prevention and Improvement Measures • Risks related to awareness and
Category adaptability to various internal mechanisms for key risk areas, and define risk control points and standards
• Strengthen the functions of the corporate strategy management department Legal Risk and external policies, • Improve cooperation management processes and related regulations, and
by evaluating risk sources, business growth opportunities, and new projects processes, and procedures strengthen legal awareness
• Policy, economic, and
with relevant professionals • Credit risk from external • Increasing the recruitment and development of high-level management
environmental risks
Strategic • Mitigate policy and economic risks through industrial market expansion partners personnel
• Industry and competitor risks
risks strategies • Human resources risk • Establish a legal department for control
• Brand risks
• Increase investment in brand promotion to accelerate the international
• New project risks, etc expansion of the brand
• Expand industrial sectors and business models at appropriate times
• Internal signing of safety responsibility agreements, and signing safety
responsibility agreements and integrity commitment letters with merchants
• Major safety and quality risks • Key management and technical personnel in the Work Safety Department
in the commodity market must meet corresponding qualification requirements, strictly implement
Management operational activities in accordance with national regulations, and special
• Major safety risks in safety operations personnel must be certified; merchant construction operations
Risk evaluation projects must strictly follow mall regulations ESG Training
• Information security risks • Establish a comprehensive safety management system and safety Yiwu CCC actively conducts ESG-themed training, incorporating ESG-related content into the training of
management plan measures
management personnel, key business staff, and grassroots employees. During the reporting period, the
• Implementation of the ISO 9001 management system
Company hired external experts to conduct ESG training, covering core areas such as ESG policies and
• External investments: First, establish risk control positions with dedicated
personnel responsible for managing the Company's external investment regulations, and enhancing ESG governance capabilities, thereby strengthening the awareness of ESG
risks. Second, improve the management systems and operational methods responsibilities among all employees. In 2025, two ESG training sessions were held, with over 400
related to foreign investment to lay a solid institutional foundation for the
Company's foreign investment activities. Third, identify and predict risks at participants.
• Fund security risk each stage of the Company's foreign investments, clarifying key control
Investment points for each investment phase. Fourth, timely track and manage foreign
• Market risk investments before, during, and after the investment process
Risk
• Business operation risks • Redundant fund appreciation: First, choose low-risk fund appreciation
products such as treasury bond reverse repurchase and structured deposits to
ensure fund safety. Second, establish fund management and treasury bond
reverse repurchase purchase processes to standardize product selection and
fund usage procedures
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
ESG Management Goals Decent Work and
Economic Growth
Promote sustained, inclusive, and sustainable economic Adhere to equal employment
As a state-controlled listed company, we actively undertake and fulfill social responsibilities, explore new paths for a growth, achieve full productive employment, and ensure
green circular economy, respond to the "dual carbon" development concept, closely align our corporate development decent work for all Protect employee rights
with the United Nations Sustainable Development Goals (SDGs), continuously improve sustainable development
management, and contribute to achieving the UN SDGs.
SDGs Content of SDGs Yiwu CCC’s Operation Industry,
Innovation and
No Poverty Infrastructure
Build resilient infrastructure, promote inclusive and Encouraging R&D innovation
sustainable industrialization, and foster innovation Protecting intellectual property
Participate in public welfare activities
Eliminating All Forms of Poverty Worldwide
Support rural revitalization
Responsible
consumption and
Emphasizing product quality
Good Health and production
management
Well-being
Ensure sustainable consumption and production patterns
Safeguarding customer rights
Ensure healthy lifestyles and promote well-being for Implement safety production
Focus on information security
people of all ages Safeguarding occupational health
Climate Action
Promote energy conservation and
Quality carbon reduction
Education
Take urgent action to combat climate change and its
impacts Promote green operations
Ensure inclusive and equitable quality education and Smooth career development channels
Identify climate risks and opportunities
promote lifelong learning opportunities for all Improve employee training mechanisms
Peace,
Controversy, and
Strong Institutions Promoting peaceful and inclusive societies for sustainable Standardize corporate governance
Gender Equality development, providing access to justice for all, and
Uphold compliant operations
building effective, accountable, and inclusive institutions at
Achieve gender equality and empower all women and Oppose gender discrimination all levels Comply with business ethics
girls Care for female employees
Partnerships for
the Goals
Clean drinking
water and sanitation Strengthen implementation tools and revitalize global Build a sustainable supply chain
facilities Ensure drinking water safety partnerships for sustainable development Adhere to responsible procurement
Ensuring safe drinking water and sanitation facilities Committed to water conservation
Compliant wastewater treatment
Affordable Clean
Energy
Carry out energy-saving and
Ensure access to affordable, reliable, sustainable, and emission-reduction initiatives
modern energy for all
Use clean energy
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Stakeholder Communication Management of Important Issues
Yiwu CCC adheres to environmentally friendly business concepts, actively fulfills its social responsibilities, and The Company, based on the "Self-Regulatory Guidelines No. 14 for Listed Companies of the Shanghai Stock
promotes sustainable development for both the Company and the environment. The Company values the rights and Exchange - Sustainability Reports (Trial)" (hereinafter referred to as the "Guidelines"), closely combines the
interests of stakeholders such as investors, customers, employees, and partners, actively establishing various effective
characteristics of its industry and the actual operating conditions of the Company to comprehensively assess the
communication channels during business development to understand and promptly respond to their expectations and
demands. Company's performance on various relevant issues, determining whether they will have a significant impact on the
economic, social, and environmental aspects (i.e., materiality of impact). It also considers whether each issue will have
Expectations and
Stakeholder Communication channel Our Response a substantial effect on the Company's business model, operations, development strategy, financial status, cash flow,
Demands
financing methods and costs, and value chain (i.e., financial materiality). By considering the dual importance of this
• Operate in compliance
with laws and regulations • Enhancing Governance issue and referring to the relevant requirements of international mainstream sustainable development reporting
• Visits and Information Reporting
Government and • Supporting Local Standards standards, conduct an importance analysis of the issues in the Company's issue pool. The specific implementation steps
• Work Reports
Regulatory Agencies Development • Undergo regulatory audits are as follows:
• Questionnaire Communication
• Protecting the • Adhering to Green Operations
Environment
• Investor hotline • Shareholders' Meetings • Sustainable and stable
Understand the Company Background
• Information disclosure • E-Interaction • Consistent and Stable operations
Analyzing the macro environment based on global trends, the development
Shareholders and • On-site Investor Research Returns • Strengthening Investor Step 1
Investors • Earnings Briefing • Transparent and open Communication trends of Chinese industries, the industry in which the Company operates, and
• Roadshows and Reverse Roadshows • information • Transparent Information the Company's business model, we identify the stakeholders and the impacts,
Questionnaire Communication Disclosure risks, and opportunities faced by the Company.
• Service Hotline • Vigorously Cultivate Import
• Expand Trade Channels
Markets Preliminary Issue Screening
• Corporate Website and Email • One-Stop Procurement
• Establishing an imported
Market Operators and • Official Wechat Platform • Increase trade transaction Using the 21 issues set in the "Guidelines" as the basis for the issue list,
Buyers
goods market Step 2
• Communication meetings /seminars volume referencing the relevant requirements of international mainstream sustainable
• Enhance transaction
• Daily Operational Communication • Compliant and ethical processing capabilities development reporting standards, as well as related issues in the same industry,
• Questionnaire communication trading
• Building a credit market and aligning with the United Nations Sustainable Development Goals (SDGs), a
• Trade unions and employee congresses • Training and • Conduct Employee Training total of 29 issues have been established for the Company's 2025 ESG issue
Development • Safeguard employee
• Symposium
• Fundamental Rights compensation and benefits
database.
Employees • Company visits and condolences Protection
• Work appraisal
• Strengthening occupational Assessment of Issue Importance
• Health and Safety health management
• Questionnaire Communication • Humanistic care • Employee care practices
Step 3 Impact Importance Assessment
• Philanthropic and charitable activities • Philanthropy Analyze the potential or actual positive or negative impacts of various issues on
• Conduct public welfare
• Volunteer services • Community public activities the external environment, society, and economy, and assess the issues of
Community • Cultural exchange welfare
• "Belt and Road" Initiative significant importance based on expert judgment.
• Awareness campaigns and visits • Promoting regional
• Supporting rural revitalization
• Questionnaire Communication development Financial Importance Assessment
• Public Media • Accurate Information • Timely, complete, and accurate Through the analysis of influence, dependency, and other factors, combined
Disclosure information disclosure
• Platform media with expert judgment and the risk identification and assessment checklist from
Media • Maintain good • Strengthening daily
• Meet-and-greet sessions cooperation communication various departments of the Company, identify and assess risks and opportunities
• Questionnaire Communication • Special interviews • Organizing joint activities related to relevant issues, evaluating those with financial significance.
• Active participation in
• Daily Communication • Smooth communication association meetings
channels
Industry Association • Industry association activities • Assist in Association Activities
• Promote industry
• Questionnaire Communication development • Participating in industry Step 4 Issue Confirmation and Approval
standard setting
Form a list of issues regarding importance and financial significance, and ensure
that relevant issues are transparently, balanced, and comprehensively disclosed
in the report.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Yiwu CCC Importance Issue Matrix
Yiwu CCC Key Issue Identification List
Protect Employee Rights Environmental Compliance Management Issue
The importance to economic, social, and environmental impacts
Product Safety & Quality
Importance
Standardized Corporate Governance Environmental Social Dimension Governance
Employee Training and
Statement
Development Shareholder Rights Protection Information Security & Dimension Dimension
Waste Management Customer Privacy Protection
Water Resource Utilization • Innovation-Driven
• Product Safety & Quality
Stakeholder Communication Innovation-Driven • Addressing Climate
Issues with both financial • Information Security & Customer
Anti-Bribery and Anti-Corruption and impact importance
Change
Privacy Protection
—
Customer Rights Protection • Energy Utilization
Anti-Unfair Competition Occupational Health and Safety • Responsible Supply Chain
Management
Addressing Climate Change
Issues with financial
Tax Compliance
importance but not impact — — —
Circular economy importance
Responsible Supply Chain Management
• Shareholder Rights
Rural Revitalization ESG Governance Protection
Risk management • Environmental • Standardizing Corporate
Social Contribution Due Diligence Compliance Governance
• Protect Employee Rights
Management
Energy Utilization • Employee Training and • Anti-commercial bribery
• Circular economy Development and anti-corruption
Issues with impact
• Water Resource • Occupational Health and Safety • Anti-Unfair Competition
importance but not Utilization
financial importance • Social Contribution • Tax Compliance
• Pollutant
Emissions • Rural Revitalization • Risk management
Equal Treatment of SMEs • Equal Treatment of SMEs • Due Diligence
• Waste
Management • Communication with
Pollutant Emissions Stakeholders
• ESG Governance
Ecosystem and Biodiversity
• Pollutant
Issues with neither impact Emissions • Technology ethics
importance nor financial
• Equal Treatment of SMEs
—
importance • Ecosystem and
Biodiversity Protection
Technology ethics
The importance to company finance
With both financial and impact With impact importance but With financial importance but With neither impact
importance not financial importance not impact importance importance nor financial
importance
Zhejiang China Commodities City 2025 Environmental, Social, and
G r o u p C o . , L t d . Governance Report
Zhejiang China Commodities City Group Co., Ltd.
Amid the deep integration of the digital economy and global trade, the “World’s
Supermarket” is upgrading to its sixth-generation market. The October 14, 2025
In Focus
opening of the Global Digital Trade Center, a flagship project of Yiwu CCC, represents
EMBARKING ON A NEW more than a leap from traditional to digital trade; it is a strategic move embedding
DIGITAL TRADE ERA ESG into our core business. Evolving from a 1982 street market through six
relocations and thirteen expansions, Yiwu has transformed from “buying and selling
WITH RESPONSIBILITY nationwide” to “buying and selling globally.” This new Center marks the starting point
of Yiwu’s next chapter in digital trade.
"1+3+N" Digital Trade System
Global Digital Trade Center’s Responsibility Positioning
Positioning The Center builds a “1+3+N” digital trade system. “1” is a 7,000-square-meter digital trade port
serving as the ecosystem hub—integrating exhibition, data trading, and product launch functions,
Background From Traditional Trade to Digital Trade Ecosystem and hosting the nation’s first data trading center for the small commodity industry. “3” represents
three core platforms: Chinagoods provides one-stop online trade services; Zhijie Yuangang delivers
As the Company’s strategic response to the national trade digitalization agenda, the Global Digital
Trade Center drives high-quality industrial growth and empowers small and micro enterprises. With performance management backed by a global logistics network, enabling “global goods, shipped
from Yiwu”; and Yiwu Pay supports payment, forex settlement, online financing, and
a total investment of RMB 8.3 billion, the project spans 92.58 acres with a gross floor area of 1.25
multi-currency collection across 26 countries. “N” encompasses diverse digital innovation
million square meters. It integrates five major sectors—market, office buildings, commercial
streets, apartments, and a digital trade hub—into a comprehensive trade ecosystem that harmonizes scenarios—including AI design, intelligent navigation, and robotic inspection—embedding
commercial, social, and environmental value. technology throughout all aspects of market operations.
Global Digital Trade Center Distribution Diagram Global Digital Trade Center - Digital Trade Service Center
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Create a Low-Carbon and Efficient New Space for Green Operations & Innovative Practices
Digital Trade The Global Digital Trade Center deeply integrates digital technology with market operations, using intelligent
technology to promote innovative practices and low-carbon management. A 3D Maker Center is established within the
market, integrating cutting-edge technologies such as AI design and 3D printing. Merchants and designers only need to
Green Infrastructure & Spatial Optimization input basic product information and creative ideas to quickly generate a 3D model through the platform, compressing
the product development cycle from the traditional several dozen days to within a week, significantly reducing
The Global Digital Trade Center breaks through traditional market space paradigms, incorporating efficient utilization
material waste and energy consumption during the development phase.
and low-carbon operation concepts into physical space planning. The market area covers 410,000 square meters,
featuring a continuous "street-style" design that eliminates large and small passages, with all main passages set at 4.2 At the same time, the market has introduced robotic dogs for patrols, replacing traditional manual patrol methods. The
meters wide, making the market flow more reasonable and efficient; the standard area for business units has increased robotic dogs are equipped with autonomous navigation, all-weather patrolling, and real-time alerts for abnormal
to 30 square meters, and the ceiling height has risen to 5.1 meters, which not only meets the needs for personalized situations, allowing precise coverage of key areas such as public spaces and fire lanes in the market. This not only
displays but also enhances space utilization efficiency. The project is equipped with 9,000 underground parking spaces, improves patrol efficiency and coverage density, reducing repetitive labor and energy consumption from manual
which basically meet the parking needs for both passengers and goods, reducing traffic congestion and exhaust inspections, but also monitors environmental temperature and humidity, fire safety, and other data in real-time through
emissions in the surrounding area; it has deployed a 5G-A network, F5G, and Wi-Fi 7 across the entire area, achieving sensors, providing data support for low-carbon operations and safety management in the market.
high energy efficiency through technological upgrades, with speeds more than ten times faster than ordinary 5G,
providing efficient network support for digital trade Through its digital supply chain platform, the Center amplifies the
“Global Sourcing, Yiwu Assembly, Worldwide Distribution” model, optimizing logistics via centralized procurement
and collaborative distribution to reduce the energy consumption associated with fragmented transportation.
Real Scene of Shops in the Global Digital Trade Center Robot Dog Patrol
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Promoting Ecological Co-prosperity and Value Deepen Global Trade & Community Co-creation
Sharing During the opening period, the Global Digital Trade Center continuously held a series of events including the entry of
tens of thousands of foreign merchants into the market, the China Trade Market Digital Summit, and the AI+ Market
Trade Summit, promoting cultural exchanges in Sino-foreign trade and driving the development of related industries
Driving MSMEs & Merchants Transformation such as local dining and accommodation in Yiwu. On January 9, 2026, the Company officially signed a strategic
investment agreement with the African B2B e-commerce platform Egatee to deepen China-Africa trade through digital
The Global Digital Trade Center focuses on emerging industries such as fashion jewelry, skincare and medical beauty
deployment, opening up a new track for brands to enter the African market. This is also a key measure for the Group to
products, and creative trendy toys. In its initial phase, it has attracted over 3,700 merchants, with more than 35% from
implement the "Belt and Road" initiative and empower the high-quality development of digital trade between China
outside the province. New generation merchants, including second and third-generation businesses, account for 52%,
and Africa.
and merchants with their own brands or IP products make up 57%, outlining a new market profile characterized by
youthfulness, branding, and internationalization. To assist merchants in their digital transformation, Yiwu CCC has
launched the "Three-Year Action Plan for AI Skill Enhancement for Ten Thousand Merchants," aiming to help over ten
thousand market merchants and practitioners master AI tool usage skills; providing cross-border dedicated lines,
multilingual translation, digital storefronts, and other services through the Chinagoods platform, enabling merchants to
conduct remote factory inspections for overseas clients using AR real-time transmission and overcoming language
barriers with smart translation devices.
On-site Signing of Strategic Investment Agreement
Chinagoods AI Training Scene
COMPLIANCE AS
CORNERSTONE
INTEGRITY AS COMPASS
The Company always adheres to the mission of state-owned
enterprises, deeply integrating sustainable development concepts
into the entire process of business management. The Company
continuously strengthens its core competitiveness and risk
resistance capabilities by optimizing governance structure,
improving risk management systems, adhering to compliance
business standards, and standardizing business operation models,
laying a solid foundation for the long-term sustainable
development of the Company.
? Improve the Governance System ? Abide by Business Ethics
? Adhere to Compliant Operations ? Uphold the Party’s Leadership
? Investor Rights Protection
Response to SDGs
Peace,
Controversy,
and Strong
Institutions
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Improve the Governance System Yiwu China Commodities City Holdings Limited
Organizational Structure CCC Group Shareholders'
Meeting
Company
Property Development
Company
Property Service
The Company strictly adheres to the requirements of relevant laws and regulations such as the Company
Law of the People's Republic of China (hereinafter referred to as the "Company Law"), the Securities Compensation and Appraisal
Law of the People's Republic of China (hereinafter referred to as the "Securities Law"), and the Nomination Committee
Committee
Shanghai Stock Exchange Listing Rules, and has formulated the Articles of Association of Zhejiang Board of Directors
China Commodities City Group Co., Ltd. (hereinafter referred to as the "Articles of Association"),
Audit Committee Strategy and ESG Committee
establishing a clear, scientific, and efficient corporate governance system. The Company clearly defines
the functional scope of decision-making, supervision, management, and operation at all levels, ensuring
standardized and efficient operations through a collaborative mechanism, driving the enterprise's Management Team
continuous and stable development, and steadily achieving strategic goals.
Disciplinary Inspection Strategic and Development Department of Party and Digital Development Management Center
Office Legal Audit Department Work Safety Department Securities Department Department
Office Reform Department Mass Work
Public Relations
Legal Department
Building
Party
Creation Office
Management
Cadre
Management
Administrative
Strategic Research Center
Center
Investment Management
Strategic Goal Management
Union
Trade
Committee
Youth League
Federation
Women's
Market Operation BU Information & Data BU Supply Chain BU Financial BU Hotel BU Asset Operation BU
Institute
China Commodities City Research
Zhejiang Think Tank
Human Resources Center
Finance Center
Company
Logistics and Warehousing
Shangbo Cloud Warehouse
Market Operation Center
Property Service Center
Yandoo Hotel
Information Company
Digital Harbor Public
Big Data Company
Supply Chain Company
Import and Export Company
International Company
Company
Comprehensive Bonded Zone
Ocean Hotel
Party School Reception Hotel
Travel Company
Administrative Service Center
Market Expansion Center
Market Investment Office
Financial Holding Company
Payment Company
Factoring Company
CCC Hotel
Asset Management Company
CCC Industry Alliance
Hotel Management Company
Hotel
International Exhibition Center
Conference Center
Yourworld International
Yayue Hotel
Company
Huajie
Center
Global Digital Trade
Huangyuan Market
Dubai Company
Rwanda Company
Currency Company
Domestic and Foreign
First District Market
Second District Market
Third District Market
Fourth District Market
German company
Spain Company
Binwang Market
Haicheng Market
Exhibition Company
Yiwugou Company
Xinchian Company
Hujin Company
Aiximao Company
Fifth District Market
Yixi Market
Advertising Company
Company
Credit Investigation
Things
Smart Surrounding All
Company
Ningxia Supply Chain
Company
Hong Kong Trading
Yiwu CCC Organizational Structure
Europe Huajie
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Board of Directors
Operation Mechanism The Company convenes and holds board meetings strictly in accordance with the provisions of the "Articles of
Association" and the "Rules of Procedure for Board Meetings." During the reporting period, the Board of Directors
Shareholders' Meeting acted diligently and responsibly, attended board meetings in accordance with the law, expressed opinions prudently,
and safeguarded the legal rights and interests of the Company and all shareholders.
The Company formulates the "Rules of Procedure for Shareholders' Meetings" in strict accordance with The board has established four specialized committees: the Strategic and ESG Committee, the Audit Committee, the
relevant national laws, regulations, rules, and the "Articles of Association," and holds shareholders' Nomination Committee, and the Compensation and Appraisal Committee. Each specialized committee performs its
meetings strictly according to relevant provisions. The shareholders' meeting is held in a combination of duties in accordance with the "Implementation Rules for Special Committees of the Board of Directors," reviewing
on-site meeting and online voting, and the convening, proposal review, and voting procedures all follow special matters in the Company's operations and providing professional research, review, and recommendations for
board decision-making. The Company does not establish a supervisory board; the audit committee exercises the
established rules. When significant matters affecting the interests of small and medium investors are
powers of the supervisory board as stipulated by the Company Law.
involved, the Company conducts separate voting for small and medium investors and promptly discloses
the results of the separate voting to ensure the participation and voting rights of minority shareholders.
During the Reporting Period
Independence
Shareholders' Meetings Annual Shareholders' Extraordinary Proposals Reviewed and
The Company has established the "Independent Director Work System" and the "Independent Director Special
Meeting Work System" to standardize the selection and performance processes of independent directors. Independent
board, safeguarding the overall interests of the Company and protecting the legitimate rights and interests of minority
shareholders. Independent directors conduct an annual self-assessment of their independence and submit the
self-assessment report to the board. The board evaluates the independence of incumbent independent directors
Diversification annually and issues a special opinion, which is disclosed simultaneously with the annual report. As of the end of the
reporting period, the Company has a total of 3 independent directors, including 1 female director, with independent
The Company values the diversification of the Board of Directors and takes into account candidates'
directors accounting for 33.33% and female directors accounting for 11.11%.
gender, age, professional abilities, industry experience, and cultural background during the director
selection process. The Company's Board of Directors consists of 9 directors, with the addition of 1 During the Reporting Period
employee representative director. Board members possess diverse backgrounds and rich practical Board Meetings Proposals Reviewed and Special Meeting of Nomination Committee
experience in various fields such as finance, economics, and engineering, providing multidimensional 16 Approved Independent Directors Meetings
professional support for the board's scientific and efficient decision-making. 64 1 4
Board Member Diversity Audit Committee Meetings Compensation and Appraisal Committee Meetings
Compensation Management
Age Education
Gender
Level The compensation management for the Company's directors and senior management strictly follows the relevant
provisions of the "Articles of Association" and the "Implementation Rules of the Special Committees of the Board of
Directors" regarding the Compensation and Appraisal Committee. The compensation policies and plans for directors
and senior management are formulated and reviewed by the board's Compensation and Appraisal Committee, with
compensation levels closely linked to the Company's overall operating performance, individual job responsibilities,
Bachelor Master’s
Male Female 31-40 41-50 degree and annual performance appraisal results. The Compensation and Appraisal Committee conducts thorough research
’s degree
and discussion when formulating compensation plans, and submits the proposed plan to the Board of Directors for
degree review. Plans involving director compensation must be approved by the Board of Directors before being submitted to
the shareholders' meeting for review and approval; the compensation distribution plan for senior management
personnel is approved by the Board of Directors.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Related-Party Transaction Management
Ensure Compliant Operations To ensure that the Company's related party transactions comply with the principles of fairness, justice, and openness,
the Company has formulated the "Related Party Transaction Decision-making and Implementation System" based on
Internal Control and Risk Management relevant laws and regulations such as the "Company Law," "Shanghai Stock Exchange Listing Rules," and the
The Company formulates the "Internal Control Evaluation provisions of the "Articles of Association," and has made systematic and clear regulations on the identification, review,
During the Reporting Period
Management Measures" and the "Risk Management Measures" based and disclosure procedures of related parties and related transactions, as well as the division of decision-making
on the provisions of the "Basic Norms for Internal Control of authority. The Company strictly implements the related party avoidance mechanism. When reviewing related party
Economic responsibility audit has been
Enterprises," the "Guidelines for Internal Control Evaluation of transactions, related directors and related shareholders must abstain from voting and cannot act as proxies for other
Enterprises," and the "Articles of Association," establishing and
completed in directors or shareholders to exercise voting rights, ensuring the independence and fairness of relevant decisions.
improving the internal control and risk management system. The 14 subsidiaries
board is responsible for the comprehensive evaluation of the
effectiveness of internal controls and the identification of significant Issues identified
deficiencies, and is accountable for the authenticity of the internal
Tax Management
control evaluation report. The board has established an Audit
Committee responsible for reviewing the Company's financial Rectification suggestions and opinions
information and its disclosures, supervising and evaluating internal To standardize tax management processes and reduce tax risks, the
proposed
and external audit work, and internal controls. The Legal Audit Company strictly adheres to national laws and regulations such as
Department, as the dedicated department for internal control 66 the "Corporate Income Tax Law of the People's Republic of
evaluation and risk management functions, is responsible for China" and policy requirements, and has developed a systematic
organizing and implementing internal control evaluations, risk and standardized "Tax Management System" based on the
assessments, and internal audits. Additionally, the Company's articles Company's actual situation, establishing a financial center as the
of association stipulate that the internal audit institution should accept responsible department for tax management to handle tax-related
supervision and guidance from the audit committee during the matters. The Company strictly pays taxes on time according to the
supervision and inspection of the Company's business activities, risk payment deadlines specified by tax regulations; establishes a tax
management, internal control, and financial information. If the internal ledger, regularly reconciles with the accounting and tax
audit institution discovers significant issues or clues, it should declaration systems to ensure consistency in amounts; and
“Advanced Taxpayer Enterprise” Title Abstained
immediately report directly to the audit committee. promptly organizes learning on new tax laws to avoid tax-related
by the Company
risks as much as possible.
The Company's internal control situation is good, control measures are effective, the "2025 Internal Control Evaluation
Report" has been completed and disclosed in a timely manner, and on the benchmark date of the internal control Yiwu CCC has been recognized as a "Advanced Taxpayer
evaluation report, there were no significant defects in the Company's internal control, maintaining effective internal Enterprise" in Yiwu for several consecutive years and continues to
control in all major processes. hold this title in 2025.
The Company has established a three-line defense mechanism for risk management at different levels. Each business Indicators Unit 2023 2024 2025
department serves as the first line of defense, responsible for identifying, analyzing, and managing risks in their
Operating Revenue RMB bn 11.300 15.737 19.927
respective business processes; the internal control evaluation leadership team and the legal audit department form the
second line of defense, responsible for organizing risk assessments and supervising the operation of the internal control Net Profit RMB bn 2.676 3.074 4.204
system; the Board of Directors and the shareholders' meeting serve as the third line of defense, responsible for Total Tax Amount RMB bn 0.608 1.103 1.968
overseeing the effectiveness of the Company's overall risk management and internal control. In March 2025, the
Company organized a corporate risk assessment survey, collecting a total of 587 valid questionnaires. It identified and
assessed 101 specific risk points across four categories: strategy, operations, compliance, and finance. The risks that
required priority attention included compensation and benefits risks, macroeconomic risks, and insufficient digital
capabilities among employees. Important risks were analyzed, and considering the causes of risk occurrence and risk
tolerance, a reasonable risk response plan was chosen.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
penalties imposed by the securities regulatory authorities due to violations of information disclosure.
Protection of Investor Rights
Shareholder Returns 2025
Yiwu CCC is committed to safeguarding the legitimate rights and interests of shareholders, strictly adhering to the
provisions of the Articles of Association and the procedures of the shareholders' meeting, striving to maintain the Periodic reports disclosed Temporary
continuity and stability of profit distribution policies, and valuing reasonable investment returns for investors. The by the Company announcements
Company has developed a scientific and effective profit distribution decision-making process and adjustment 4 83
mechanism to ensure transparency in the process. To prevent damage to shareholders' rights and interests, the
Company establishes a long-term incentive and constraint mechanism through the formulation of cash dividend plans
and the implementation of equity incentives, sharing operational results with shareholders. The board strictly
implements the resolutions and authorizations of the shareholders' meeting and carries out profit distribution. During
Investor Communication
the reporting period, the Company released the "Semi-Annual Evaluation Report on the 2025 "Quality Improvement The Company attaches great importance to investor relations management, formulating and implementing
and Efficiency Enhancement Return Action Plan", continuously implementing a proactive and stable dividend policy, the "Investor Relations Management System," which designates the Securities Department as the
successfully completing the profit distribution for the year 2024, with the cash dividend ratio continuously increasing. responsible department for investor relations management. The Company relies on diversified
communication channels such as telephone, email, and the Shanghai Stock Exchange e-Interaction
Indicators1 Unit 2023 2024 2025 platform to engage in regular communication with investors regarding core matters such as corporate
Total Cash Distribution (Including Tax) RMB bn 1.097 1.810 2.742 governance, development strategy, and operational status. It strictly adheres to the principles of timeliness
The proportion of net profit attributable to shareholders of the and accuracy in information disclosure, effectively safeguarding the equal right to information for a wide
% 40.99 58.87 65.23 range of investors, and strives to build and maintain a mutually trusting and win-win relationship between
listed company in the consolidated financial statements.
Cash Dividend Distribution per 10 Shares (Including Tax) RMB 2.00 3.30 5.00 the Company and its investors.
Investor Communication
Information Disclosure Company website: www.cccgroup.com.cn
channels
Company email: 600415@cccgroup.com.cn
The Company strictly follows the requirements of laws and regulations such as the "Administrative Measures for WeChat Official Account: CCC Group Contact number: 0579-85182812
Information Disclosure of Listed Companies" and the "Shanghai Stock Exchange Listing Rules," and formulates
internal systems such as the "Information Disclosure Management System" and the "Accountability System for Major
Errors in Annual Report Information Disclosure," clarifying the basic principles, main matters, disclosure procedures,
confidentiality measures, and related responsibilities for information disclosure. The Company continuously During the Reporting Period
standardizes its information disclosure practices, ensuring that disclosures are true, accurate, complete, and timely;
adhering to principles of seeking truth from facts, objectivity and fairness, and accountability for errors, implementing On-site research visits from investors On-site research investor visitors
a responsibility accountability system to enhance the quality and transparency of information disclosure.
To standardize the Company's information disclosure behavior in the issuance of debt financing instruments in the
Interaction with investors on E-interaction Investor question response rate
bank bond market, we have formulated the "Information Disclosure Management System for Debt Financing
Instruments in the Interbank Market" in accordance with relevant laws and regulations such as the "Management 86 100%
Measures for Non-Financial Enterprises' Debt Financing Instruments in the Interbank Bond Market," stipulating that
the Company must publish the contents that the current issuance documents should include on the website recognized
by the National Association of Financial Market, as well as significant matters affecting the Company's debt repayment
ability during the term of the debt financing instruments.
During the reporting period, the information disclosure work was rated as Grade A, and there were no instances of
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Adhere to Business Ethics
Anti-commercial Bribery and Anti-corruption Integrity Risk Management
Yiwu CCC integrates risk management and modern governance mechanisms into corporate integrity construction
based on the "Integrity Risk Prevention and Control Manual," covering all business lines of the Group. The Group has
established a "three-check" supervision mechanism that combines "daily inspections, special inspections, and internal
Integrity Management System patrols" to carry out regular supervision of business sectors. By identifying integrity risks and categorizing position
Yiwu CCC has established internal management systems such as the "Implementation Rules for Collective risk levels, potential integrity hazards are systematically recognized, and corresponding preventive measures are
Decision-Making Traceability of Major Matters in the CCC Group" and the "Accountability Management Measures formulated to address corruption issues from the source. We sign the "Integrity Agreement" with suppliers and
for Staff of Yiwu China Commodities City Holdings Limited", incorporating integrity in business practices and proactively take measures to enhance the awareness of anti-corruption and self-discipline among our partners. If a
compliance into the performance appraisal scope for individuals and organizations, while emphasizing the integrity supplier breaches the contract, we will take graded management measures based on the severity of the situation,
performance of business partners and the entire supply chain. In addition, to further clarify the responsibilities of the including warnings and charging a penalty based on a certain percentage of the total contract price; for serious
Group's leadership in the construction of party conduct and clean government, the Company has signed the "2025 breaches, we will terminate cooperation and pursue legal responsibility, while also adding them to the negative list of
Party Conduct and Clean Government Construction Target Management Responsibility Agreement" with the partners.
Company's leadership team and leading cadres, strengthening the organizational leadership of party conduct and clean Furthermore, the Company adheres to the principle of "Digital Intelligence Empowering Integrity" by using digital
government construction and anti-corruption work. The Board's Strategy and ESG Committee is responsible for technology to build a clean supervision platform, enhancing operational transparency and supervisory participation
guiding and supervising anti-corruption efforts, while the ESG leadership team is responsible for promoting the through integrated information disclosure, data visualization, and public inquiry functions, thereby empowering the
specific implementation of anti-corruption work. During the reporting period, the Company did not face any construction of the corporate integrity governance system with intelligent means.
significant penalties related to commercial bribery or embezzlement.
The Company has formulated the "Construction Plan for the 'Big Supervision' Work System 2," established a 'Big
Supervision' working group, and set up positions for discipline inspectors and supervisors to effectively coordinate
existing supervision resources, truly integrating the integrity construction of state-owned enterprises with risk
management and other operational management.
"1+N" Major Supervision Work Management System Model
Board of Inspection Team Dispatched by
Supervisors Discipline Inspection Commission
Leading Group Tier-1 Organization
Tier-2 Organizations
HR Center Headquarters Finance Center (Specialized supervision, dedicated
departments
supervision, etc.)
Discipline Inspection Liaison Officers
Tier-3 Organizations
Supervision (Business supervision,
Targets Working self-inspection and self-correction,
etc.) Big Data Statistical Platform
groups
Discipline Inspection Officers
(Enterprise Integrity Culture Construction
Supervision
Committee, etc.) The Company actively promotes the construction of 'clean and honest state-owned enterprises', systematically carrying
out clean communication education and training activities, promoting the deep integration of clean culture into all
aspects of business management, and solidifying discipline and style guarantees for the healthy development of the
Tier-4 Organizations
enterprise. During the reporting period, Yiwu CCC conducted anti-corruption training for board members,
Primary-level Management (Information collection, issue
management, and employees, covering explanations of integrity regulations, case analyses, tiered education, and spirit
Employees Targets feedback, etc.)
transmission, continuously enhancing the awareness of integrity risk prevention and compliance capabilities among all
Supervisors
employees.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Reporting Channels and Whistleblower Protection
To solidly promote the work of party conduct, integrity, and anti-corruption, the Company
has established diversified supervision and reporting channels, including a dedicated
complaint hotline, a "Complaint Submission" section on the official WeChat account "CCC
Qingfeng," and publicizing reporting methods in elevators across various markets,
effectively fulfilling the responsibility of integrity construction. The Company attaches
great importance to reporting information security. Reports are handled and recorded by
dedicated personnel to strictly prevent the leakage and dissemination of the whistleblower's
identity and report materials, and any retaliatory actions will be seriously investigated.
The 2nd "Fostering Integrity Culture with Her Special Training on the Eight-point Regulation of
Power" Activity the CPC
"I Want to Complain" Column
Anti-unfair Competition
Yiwu CCC adheres to the principle of fair and free competition, strictly complies with laws and regulations such as the
Anti-Monopoly Law of the People's Republic of China and the Anti-Unfair Competition Law of the People's Republic
of China. The Company's Board of Directors and the ESG committee are responsible for guiding and supervising work
related to unfair competition, while the ESG leadership team advocates for fair trading and competition in various
markets, and the legal audit department is responsible for carrying out work related to unfair competition. The
Company has incorporated content related to anti-unfair competition in the "Management Measures for the
Procurement of Goods and Services (Non-Engineering) (Trial)" and requires that unreasonable conditions not be set
during the procurement process to exclude or restrict potential suppliers from participating in procurement activities,
Integrity Education Training for New Employees Education and Training for Young Cadres thereby promoting fair competition.
In terms of risk management, the Company adheres to a combination of internal regulation,
government supervision, and social oversight, as well as daily monitoring and special inspections.
Indicators Unit 2025 The Group's Discipline Inspection Office supervises the entire procurement process of purchasing
units, promptly conducting interviews when abnormal situations are discovered. Based on the nature
Number of Middle and Senior Management Participating in people 144 of the issues and the severity of the consequences, responsibilities are pursued in a graded and
Anti-Bribery and Anti-Corruption Training classified manner to prevent risks of unfair competition during the procurement process. During the
reporting period, the Company did not experience any incidents of malicious competition.
Number of Directors and Senior Management Participating in people 13 To fulfill the commitment to responsible marketing, in accordance with the requirements of the Group company and
the development needs of the branch, the fifth branch of the International Trade City has formulated the "Content
Anti-Bribery and Anti-Corruption Training Review System for Information Release Platform" to enhance the review of platform information content. The
Proportion of Directors and Senior Management Participating in % 100 Company has set up a systematic information release review and management system, implementing graded and
categorized control over various external release content, and strictly enforcing a full-process supervision mechanism
Anti-Bribery and Anti-Corruption Training from content drafting, multi-level review to release tracking, ensuring that all marketing and communication content is
Total duration of anti-commercial bribery and anti-corruption training hour 325 true, accurate, and compliant. Additionally, the Company incorporates content related to antitrust, fair competition, and
responsible marketing into daily employee training, enhancing employees' awareness of fair competition and ensuring
provided information transparency and communication quality with customers.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Uphold the Party’s Leadership
Party Building System Case 2025 In-Service Party Member Training Camp
The Company adheres to the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, In July 2025, the Group's Party
deeply implements the work deployment requirements of higher-level party organizations, fully carries out the overall Committee held the 'Perseveringly
requirements for party building in the new era, and solidly promotes the party building and mass organization work of the Implementing the Spirit of the
Company. It establishes mechanisms, creates platforms, strengthens services, consolidates foundations, and enhances vitality, Central Eight Regulations' 2025
forming a vibrant pattern of 'party leadership and mass organization linkage'. By 2025, the Communist Party Committee of In-Service Party Member Training
Zhejiang China Commodities City Group Co., Ltd. (hereinafter referred to as the 'Group Party Committee') will have 39 party Camp at the Yiwu Municipal Party
branches, with a total of 618 formal party members, and will have held 36 party committee meetings. School, inviting teachers from the
Party School to give special lectures
Ideological Construction to all party members.
The Group Party Committee continues to strengthen the education and management of party members by carrying out party
history learning education, studying and implementing Xi Jinping's Thought on Socialism with Chinese Characteristics for a
New Era, party discipline education, and deeply implementing the spirit of the Central Eight Regulations, further consolidating
the ideological consensus of all party members, strengthening theoretical armament, and stimulating the vitality and creativity
of the party member team.
Case Micro Party Class Competition of the Group Case The 20th Central Committee's 4th Plenary Session Spirit Study
On June 30, 2025, the Group's Party In October 2025, the Group held a
Committee held a themed micro-party class special meeting to focus on
competition titled 'Learn the Rules, conveying and studying the spirit
Understand the Thoughts, Strengthen the of the 20th Central Committee's
Style' in the press hall of the Yiwu Fourth Plenary Session and to
International Trade City, further promoting the research and deploy the
in-depth implementation of the spirit of the implementation work.
Central Eight Regulations and guiding and
motivating party members and cadres to
strengthen their ideals and beliefs and cultivate
a strict and pragmatic style.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Party Building Brand
The Company remembers the instructions and focuses on its main responsibilities, closely adhering to its original mission,
forging the "Gathering Markets to Build Cities, Serving Trade to Prosper Commerce" Party Building Brand, and making Party Party Building Activities
construction a red engine driving the continuous prosperity of the Yiwu market. The Party Building Brand is based in the
The Group's Party Committee actively carries out party building activities with
Yiwu market, calling for "Market Competition for Dual Strength, Party Members as Pioneers," integrating the fortress role of
grassroots Party organizations and the exemplary role of Party members into the brand-building framework, continuously
distinct themes and diverse forms, practicing its original mission through concrete
improving the system, innovating mechanisms, enriching carriers, and enhancing connotations, safeguarding the "World actions and demonstrating the exemplary role of party members.
Supermarket" and serving global merchants, making the honor of "National Advanced Grassroots Party Organization" shine
even brighter. The Group's Party Committee takes promoting the continuous prosperity of the market as its mission, fully Case Group Services Entering the Market
exerting its role as the leadership core and political core, leading with the "Gathering Markets to Build Cities, Serving Trade In 2025, the Group organized 7 "Team
to Prosper Commerce" characteristic brand, establishing the strategic transformation positioning of "Globally Renowned Service into the Market" activities, and in
International Trade Comprehensive Service Provider," focusing on the main market business and digital main line, and October, it held a "Special Duty Day"
striving to build a market core competitiveness system, international trade performance service system, digital support event, mobilizing party member volunteers
system, and supporting institutional mechanism system. to tackle frontline challenges and
successfully complete key tasks such as
Honors for Party Building market stall renovations and product
displays ahead of the Yiwu Expo.
The Group's Party Committee remembers Comrade Xi Jinping's On the 100th anniversary of
requirement for the Yiwu market to be a leading market in the the CPC, the Party
country, setting an example in both Party building and Committee of the Group was
development, deepening the Party building demonstration belt, awarded by the CPC Central
Committee "National
solidifying the service community, weaving a dense red intelligent
Advanced Grassroots Party
governance network, and systematically promoting institutional
Organization"
innovation, management innovation, and practical innovation. The Case Joint Activities for Party Building
Party building work in the Yiwu market has also received attention
and affirmation from leaders at all levels, including the central and On December 25, 2025, the Group's Party
provincial committees. The "Three Brights, Three Definitions, Committee and Tencent Financial
Three Promotions, and Three Existences" 12 Party building Technology Party Committee held a joint
standards pioneered by the Yiwu market have become a national party building event themed "Party Building
model for Party building in professional markets. The State Leads to Collective Strength, Digital
Administration for Market Regulation has listed the Yiwu market's Intelligence Empowers Global Connectivity,"
party building as a national model. On the occasion of the 100th signing a "Memorandum of Cooperation on
anniversary of the founding of the Communist Party of China, the Joint Party Building" to embark on a new
Party Committee of the CCC Group was awarded the title of journey of party building leading the digital
"National Advanced Grassroots Party Organization" by the Central transformation and high-quality development
Committee of the Communist Party of China. In 2025, the case of Yiwu's cross-border trade.
study titled "Leading High-Quality Market Development with
High-Quality Party Building," created by the Group's Party
Committee, was successfully selected as one of the typical
innovative cases for grassroots party building in the 7th National
Conference.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
GREEN ACTION
GREEN MARKET
The Company actively fulfills its environmental protection
responsibilities by promoting rooftop photovoltaics and other
clean energy sources to replace traditional energy, strengthening
the recycling of water resources, establishing a standardized waste
classification and pollutant management system, and reducing
resource waste and environmental impact. At the same time, by
focusing on the construction of a "Waste-Free Commercial
District," it promotes the application of green exhibition materials,
integrating environmental protection requirements into all aspects
of market construction, merchant operations, and exhibition
services, continuously reducing the environmental footprint
during operations.
? Address Climate Change ? Environmental Management
? Resource Management ? Ecosystem and Biodiversity Protection
Response to SDGs
Clean drinking
water and Affordable Clean Climate Action Terrestrial
sanitation Energy organisms
facilities
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Address Climate Change Strategy
To accurately identify the impact of climate change on the Company's business, Yiwu CCC analyzes climate
Governance change-related risks, identifying risks posed by climate change from both physical and transition risk perspectives,
while continuously exploring potential opportunities to enhance the Company's ability to respond to climate change.
Yiwu CCC actively responds to the national commitment to "carbon peak and carbon neutrality," making climate
change response one of the core issues of the Company's long-term development strategy. The Company has Likeliho
Risk/Opportun Risk/Opportunity od of Impact Expected Financial
established the "Climate Change Response System" to clarify the responsibilities of the Board of Directors and Response Measures
ity Description Occurre Period4 Impact
management, forming a top-down management framework for climate change response. The board and the Strategic nce3
and ESG Committee serve as the highest governance body for sustainable development and climate risk management, Closely monitor weather
dynamics, prepare material
responsible for approving climate-related policies, strategies, and objectives, integrating climate change-related risks reserves in advance, ensure
and opportunities into ESG management, and overseeing climate-related risks and disclosures. All relevant functional normal operation of equipment,
departments and subsidiaries of the Company are taking effective measures to implement the Company's carbon Facility repairs and and guarantee rapid recovery of
The frequency and
operational operations;
reduction efforts. Additionally, the Company strengthens the promotion of climate change-related knowledge among intensity of extreme
Short to interruptions lead to
Acute weather events such as Develop and implement a
employees, such as types of clean energy and low-carbon lifestyles, to enhance employees' awareness of energy Medium medium increased costs;
Risks typhoons, floods, heavy detailed emergency plan for
term service interruptions
conservation and emission reduction. rain, heatwaves, and cold
result in revenue
typhoon and flood prevention,
waves are increasing. and conduct regular emergency
losses.
drills;
Review and confirm climate change response Physi
Decision-Making systems and mechanisms, and assess the cal Implement reinforcement and
Risks protection measures for important
Level effectiveness of climate change risk management and
equipment and buildings.
internal control systems.
Continuous rise in sea
Board of levels, increase in average Develop a heat emergency plan,
Directors temperatures, and extreme and monitor temperature and
changes in precipitation humidity in real time;
Chroni
patterns may lead to Medium to Increase in operating
c Medium Regularly organize flood
Guide the design and implementation of strategies, increased energy long term costs
Risks prevention drills and build flood
consumption for
objectives, and measures related to climate change; walls to reduce the probability of
Decision-Making enterprises, while also
Strategy and assess and manage climate change-related risks and affecting asset lifespan and business interruptions.
Level
ESG opportunities; report regularly to the Board of operational efficiency.
Committee Directors to ensure oversight.
In the context of
accelerated global climate
governance, domestic and
Assume responsibility for assessing and managing international carbon
Continuously monitor industry
management policies have
climate-related risks and opportunities, and explore Policy Short, developments, policy changes,
been successively Increased compliance
Supervision strategic research on climate change. Collaborate with and
implemented. If policy Medium
medium,
costs, decreased
regulatory requirements, etc., and
ESG and company departments, units, and subsidiaries to fully Legal and long regularly disclose the Company's
Trans requirements are not revenue
Leadership Management implement climate change management initiatives, Risks term progress in addressing climate
forma adapted in a timely
Team Level regularly review and summarize progress and outcomes, change.
tion manner, there may be
and report to the Board of Directors and the Strategy & Risks compliance risks leading
ESG Committee. to export restrictions and
order losses.
Formulate climate risk management policies, standards, Changes in customer
Short, Firmly establish the concept of
and requirements; provide methodologies, tools, behavior and uncertainty
Market medium, green development and actively
processes, training, and guidance to various in market signals may lead High Decrease in revenue
ESG Execution Risk and long promote knowledge related to
departments. Evaluate the effectiveness and adequacy of to the loss of quality
Implementation Level term climate change.
climate risk management, implement risk mitigation merchants and a decline in
Team measures in business operations, and execute energy
conservation and emission reduction plans. 3 Likelihood of occurrence refers to the frequency interval of risks/opportunities, mainly based on historical probabilities,
external scenarios, progress of policy implementation, and expert predictions. Likelihood of occurrence ranges from 'low' to
'high'.
periods. The Company categorizes the time frame of impact into short-term (0-1 year), medium-term (1-5 years), and
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Likeliho Indicators Objective Progress
Risk/Opportun Risk/Opportunity od of Impact Expected Financial
Response Measures
ity Description Occurre Period4 Impact Carbon emissions per ten thousand yuan revenue Declining year Achieved by
nce3
market attractiveness if the by year 2025
Company fails to timely
guide merchants in
transformation and
optimize the structure of Objectives for 20255
onboard merchants.
The Company has a large
amount of rooftop space in
Short,
Energy its markets and
medium, Decrease in operating Vigorously develop distributed Total greenhouse gas emissions (Scope 1 and Scope 2)6 Direct emissions (Scope 1)
substit warehouses, and by High
ution building photovoltaic
and long costs photovoltaic projects. 170,378.09 t CO2 equivalent 4,846.90 t CO2 equivalent
term
systems, it reduces CO2
Oppo emissions.
rtunit
Continuous research and
ies Provide low-carbon
innovation to promote green and Direct greenhouse gas emissions per million-yuan
Produc products and services that Short,
ts and meet customer needs, medium,
low-carbon services; Indirect emissions (Scope 2)
High Increase in Revenue Create a new energy trading revenue (Scope 1)
service bringing new development and long 165,531.19 t CO2 equivalent
s opportunities for term
market to attract new energy 0.24 t CO2 equivalent
suppliers and cultivate new
enterprises.
business growth points.
Impact, Risk, and Opportunity Management Indirect greenhouse gas emissions per million-yuan
Greenhouse gas emissions reduction
Yiwu CCC incorporates climate change risks into its risk assessment and control system, regularly conducting research revenue (Scope 2)
and analysis on climate change risks to effectively identify and assess risks and opportunities related to climate 8.31 t CO2 equivalent
change.
Climate Change Risk Management Process
Risk Identification Risk Assessment Risk Response Greenhouse gas emission intensity
By collaborating with In light of our actual Based on the results of the risk
third-party professional operations, we conduct a assessment, the Company
institutions, and in accordance comprehensive assessment of formulates targeted risk
with national laws, regulations, potential climate-related risks response strategies and
and policy requirements, as and opportunities, evaluating measures to effectively mitigate
well as domestic and global the impact timeframe of these the adverse effects of climate
sustainability trends and the climate change risks and change risks on our operations
Company’s actual conditions, opportunities, as well as their and financial condition.
we identify the physical risks, potential material financial Concurrently, the Company
transition risks, and impacts. continuously monitors risk
opportunities faced by the conditions and evaluates
Company, laying the management measures to
foundation for subsequent risk ensure the ongoing
assessment and risk effectiveness of climate change
management. risk management.
Indicators and Objectives Emissions for Enterprises in Other Industries (Trial)" Appendix II, the "General Principles for Comprehensive Energy
Consumption Calculation" (GB/T-2589-2020), the reference coefficients for various types of energy in Appendix 4 of the
The Company is committed to aligning its business practices with the national 'dual carbon' goals, striving to achieve "China Energy Statistical Yearbook", the "2023 Carbon Dioxide Emission Factors for Electricity", and other normative
peak carbon emissions by 2030 and carbon neutrality in operations by 2060. At the same time, the Company has documents such as the "Annual Development Report of the Chinese Power Industry 2024".
developed a series of energy-saving and consumption-reduction measures, regularly tracking the completion of targets Statistical caliber: During the reporting period, the Company improved its carbon emission statistical caliber, involving
market operation business lines, hotel business lines, and important main business sectors (Yiwu Comprehensive Bonded Zone
to strengthen greenhouse gas management.
Operation Management Co., Ltd., CCC Exhibition, and Haicheng Yiwu China Commodities City Investment Development Co.,
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Greenhouse Gas Emission Management Green Electricity Trading
The Company actively purchases green electricity to further optimize its energy structure and applies it to core
Yiwu CCC actively promotes a low-carbon economic model, contributing to achieving carbon peak and carbon
scenarios such as market operations, commercial services, and supporting facility operations, injecting continuous
neutrality goals through photovoltaic power generation, green electricity procurement, and the establishment of a new
momentum into low-carbon transformation. During the reporting period, the Company participated in green electricity
energy market. Furthermore, the Company strengthens carbon emission management in logistics and transportation,
trading, reaching 100 million kilowatt-hours.
and regularly supervises and audits the performance of key suppliers. At the same time, the Company is committed to
collaborating closely with customers, employees, suppliers, communities, and other stakeholders to share the
Company's initiatives and achievements, jointly building a low-carbon value chain.
Photovoltaic Power Generation
The Company is actively planning new energy projects, creating a smart energy demonstration project for the Yiwu
International Trade City comprehensive building, which includes a photovoltaic power station, chemical energy
storage, charging piles, phase change cooling storage devices, energy-saving management systems for air conditioning,
smart lighting systems, and a comprehensive energy smart management platform. This not only reduces investment
and energy costs for the Group but also serves as a demonstration for the promotion and development of new energy,
achieving good social benefits. By the end of 2025, the total power generation of the Group's distributed photovoltaic
power stations is expected to be approximately 55,142,200 kWh, with the International Trade City area generating
about 32,238,900 kWh, the Huangyuan Clothing Market generating about 1,185,600 kWh, the International Production
Materials Market generating about 2,745,900 kWh, Yayue Hotel generating about 154,600 kWh, and the
Comprehensive Bonded Zone generating about 18,817,200 kWh. A new rooftop photovoltaic station has been added to
the Global Digital Trade Center, with an installed capacity of 10.8MW. During the reporting period, the Company
initiated the construction of a 12.5MWp distributed photovoltaic project at the Yiwu Global Digital Trade Center,
which, once completed, is expected to save 69,575 t standard coal, reduce CO2 emissions by 185,685.4 tons, nitrogen
oxides by 479 tons, and sulfur oxides by 1,414.3 tons.
Green Power Certificate Trading Voucher
Establishment of New Energy Trading Market
Yiwu CCC actively builds a new energy trading market, creating an open, transparent, efficient, and fair trading
platform, optimizing resource allocation through market mechanisms, stimulating the vitality of the new energy
industry, and contributing to achieving carbon neutrality, protecting the environment, and addressing climate change.
The Yiwu International Trade City East New Energy Products Market gathers over 10,000 products from more than
the Middle East, Africa, Southeast Asia, and South America. This market relies on Yiwu's strong R&D, foreign trade
traffic, and comprehensive service advantages to integrate resources and create the world's first one-stop procurement
Photovoltaic Power Station in Second District
platform for new energy series products. In 2025, the sampled transaction amount reached RMB 3.37 billion, of which
the new energy industry accounted for RMB 1.372 billion, representing 40.71%, continuously empowering global
green and low-carbon transformation and high-quality development with trade strength.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Impact, Risk, and Opportunity Management
Resource Management Yiwu CCC continuously improves the energy risk and opportunity management processes, developing differentiated
response strategies for identified risks, while seizing development opportunities such as renewable energy applications
Energy Utilization and green park construction, providing a demonstration for the industry's green and low-carbon development.
Governance
Yiwu CCC continues to promote the construction of a green system, strictly adhering to the "Energy Conservation Law
of the People's Republic of China" and other relevant energy conservation laws and regulations, improving the energy Risk Identification Risk Assessment Risk Response
management system, and formulating a series of energy management policies. The Company's Board of Directors and
the ESG committee coordinate the strategic planning and goal setting for the energy management system, with senior
management leading the implementation and process supervision. Simultaneously, the Company clarifies the
Promptly track government Maintain ledger records of the Reduce the Company’s energy
responsibilities of each department, establishes energy management organizations such as energy-saving inspection policies and respond to Company’s annual energy consumption and conserve
teams, and sets corresponding energy performance appraisal indicators and supervision mechanisms, continuously regulatory requirements to consumption, review whether energy through measures such
refining energy management standards and operational norms. confirm the energy targets the Company’s energy as energy-saving equipment
mandated by regulatory consumption data over recent upgrades, awareness campaigns
authorities for the current year, years has exceeded regulatory on energy conservation, and the
Energy Utilization Related Policies quarter, or month. limits, and make preliminary utilization of clean energy.
estimates for the current or
Energy Management System Energy Conservation and Emission Reduction Plan following year’s energy use.
Energy Metering Management System Energy Use Reward and Penalty System We evaluate whether the
System for Energy Use Training and Awareness projected energy consumption
Energy Conservation Target Responsibility System
Energy Conservation Manual falls within the regulatory
....... limits, and formulate energy
System for Energy Consumption Statistics and
Analysis conservation plans with
corresponding
countermeasures.
Strategy
Based on actual situation and in conjunction with policy dynamics and market trend analysis, the Company
systematically conducts energy risk and opportunity identification work, forming a list of energy use risks and
opportunities.
Risk/Opportunity
Likelihood
Impact
Expected Indicators and Objectives
Risk/Opportunity of Financial Response Measures
Description Period Yiwu CCC sets energy-saving goals and continuously tracks their implementation to achieve efficient energy
Occurrence Impact
utilization, green low-carbon development, and the synergistic enhancement of commercial value.
Set reasonable energy
Fines for
Energy usage exceeds management goals and actively Indicators Objective Progress
excessive promote the Company's
regulatory Short to
Compliance energy use, Energy consumption per ten thousand yuan revenue Declining year by year Achieved by 2025
Risk requirements, risking Medium medium energy-saving efforts.
Risk increase in
fines or business term Optimize energy usage structure
operating
interruptions. and continuously promote
costs
photovoltaic power generation.
Develop an intelligent
energy management
Short,
Digital platform to improve
medium, Decrease in Develop a smart energy
Opportunity Transformation operational efficiency High
and long costs demonstration project.
Opportunity and service levels,
term
and reduce energy
costs.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Indicators7 Unit 2025
Gasoline L 15,036.52 Energy-savin Widely replace energy-efficient LED lighting fixtures with a long lifespan, saving about
Diesel L 9,429.00 g lighting
intelligent sound-controlled lighting system in stairwells that automatically adjusts
Natural gas m3 2,215,007.00 system brightness based on usage and time in different areas.
Fossil energy consumption ton of standard coal 4,846.90
Total purchased electricity kWh 311,969,833.97
Total Consumption of Non-Renewable Energy ton of standard coal 41,314.43 Energy-savin Require employees to turn off computers, printers, copiers, and other devices when
Clean energy usage (photovoltaic power generation) 10,000 kWh 5,514.22 g office leaving the office to reduce standby power consumption. Choose energy-efficient office
equipment with Energy Star certification to ensure office efficiency while reducing
Renewable Energy Consumption ton of standard coal 6,776.98 equipment energy consumption.
Total Energy Consumption ton of standard coal 48,091.41
and
Proportion of Renewable Energy Consumption % 14.09
Energy consumption intensity ton of standard coal per 2.41 Energy-savin Regularly clean and maintain air conditioning equipment to ensure efficient operation
and avoid increased energy consumption due to clogged filters. Air handling units apply
million-yuan revenue g air variable air volume control technology to maintain standard temperature in different
conditioning areas throughout the seasons.
Energy-saving Measures
The Company emphasizes energy-saving management of public facilities and work equipment such as lighting
systems, office equipment, electrical appliances, air conditioning, and elevators, conducts energy-saving renovations, Energy-savin Elevator motor drive systems use variable frequency drives or similar energy-saving
and regularly organizes monthly meetings and training on energy conservation to enhance employees' awareness of g elevators designs.
energy-saving and environmental protection. The hotels under the Company continuously optimize energy-saving and
emission reduction measures, establishing a management system for monthly energy consumption that includes
"forecasting-recording-reviewing," actively selecting energy-saving products, and promoting the new "photovoltaic+"
model to optimize energy efficiency. According to the green hotel evaluation standards, a hotel with carbon emissions Energy Public areas should turn lights on and off on time; lights should be turned off in the
less than or equal to 55 kg CO₂/m2 is considered excellent. In 2025, the carbon emissions of Yayue Hotel were 49.25 office duty area when people leave. Natural gas should be adjusted reasonably
facilities
kg CO₂/m2, meeting the excellent standard. according to the season; the gas valve in the kitchen should be turned off promptly after
management use, and any abnormalities should be reported for repair immediately.
Training and Enhance employees' awareness of energy conservation and regularly conduct
promotion energy-saving training and promotion.
CCC Hotel uses energy-saving equipment and conducts intelligent Yourworld energy-saving training
Case Energy-saving Renovation of Ocean Hotel
management
Ocean Hotel explores quantifiable low-carbon solutions: using energy-efficient boilers and chillers; replacing
all high-energy-consuming water pump motors in the hotel. At the same time, the curtain wall glass on the 1st
and 2nd floors of the hotel is replaced from ordinary hollow glass to low-e laminated hollow glass,
effectively reducing energy consumption.
Statistical scope: During the reporting period, the Company improved its energy statistical scope, covering market
operational business lines, hotel business lines, and important business sectors (Yiwu Comprehensive Bonded Zone
Operation Management Co., Ltd., CCC Exhibition, and Haicheng Yiwu China Commodities City Investment
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Water Resource Utilization Water-saving Measures
Water Resource Management System Hotel Business Line
Yiwu CCC strictly adheres to the Water Law of the People's Republic of China and actively responds to the "Water
Pollution Prevention and Control Action Plan" issued by the State Council. It has established systems such as the
TOTO water-saving aerators are installed in guest rooms and public areas to control water flow, and
"Water Conservation Management System," "Water Conservation Target Responsibility System and Assessment sensor faucets are fitted in public restrooms and kitchens.
System," and "Water Use Reward and Punishment System," and formed a leadership group and supervision team for We strengthen water conservation in restrooms by preventing running taps and putting up reminder
water conservation, continuously advancing comprehensive water resource management and regularly conducting signs; conduct frequent facility maintenance to eliminate leaks and drips; and perform regular meter
domestic water quality testing to ensure safe drinking and water use. The Company's Board of Directors and the ESG reading and data analysis.
Dedicated water conservation officers are appointed in each department to supervise water use, and
committee coordinate the strategic planning and goal setting for the water resource management system, with senior flow restrictors are installed in specific areas.
management leading the implementation and process supervision. Standardized cleaning procedures are implemented in Chinese and Western kitchens to conserve
water. On-duty engineers conduct inspections at least twice a day and log and report any issues;
Water-saving Measures collected laundry water is reused for watering plants or mopping and rinsing floors, maximizing
multiple reuse.
The Company saves water and reduces the waste of water resources through multiple measures such as using A water usage appraisal mechanism has been established to incentivize employees to conserve
water-saving devices, recycling wastewater, and implementing water-saving renovations. During the reporting period, water.
the Company's water source was entirely municipal water supply. The Company regularly commissions third-party We also organize diverse water conservation training sessions and awareness campaigns.
professional organizations to clean the domestic water tanks, requiring the cleaning unit to provide qualification
certificates, the cleaning personnel to present health certificates, and to conduct secondary water supply testing, issuing
a "Testing Report". Water can only continue to be used if the quality of the secondary water supply meets standards.
Water-saving Measures
Market Operation Business Line
Distribute water conservation brochures. Leveraging the opportunities of Water Conservation
Week and the creation of a water-saving city, we intensify promotional efforts through notice
boards, electronic screens, broadcasts, and WeChat to enhance merchants’ awareness of water
conservation.
Advance water-saving technological retrofits. We have installed water tanks on cooling
towers to recover air conditioning condensate, upgraded water supply and drainage networks Yourworld Hotel Water Tank Cleaning CCC Hotel Water-saving Promotion
as well as sanitary ware in restrooms, and adopted water-saving methods such as foam
flushing to control the water supply of sanitary fixtures, alongside installing sensor faucets.
Pay attention to water use details. We prevent running taps in restrooms and put up
water-saving reminders; utilize rainwater or reclaimed water for landscaping, employing Case Yandoo Hotel Rainwater Collection and Utilization
water-saving irrigation methods such as sprinkler systems; and strengthen supervision over
cleaning services, facility maintenance and upgrades, as well as regular meter reading and
data analysis. Starting from August 1, 2022, Yandoo Hotel has
The Maintenance Center regularly inspects water equipment and facilities to eliminate leaks implemented a rainwater collection system in its
and drips; implements scientific management, including criticizing and penalizing underground garage, collecting building rainwater
departments and individuals with severe water waste; and advocates the secondary and into a tank for reuse in irrigation of green
multiple reuses of water to improve water resource utilization efficiency. landscapes. As of the end of the reporting period, a
total of 3,521 t water resources have been recycled.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Green Exhibition
Indicators and Objectives
In 2021, the State Council issued the "Guiding Opinions on Accelerating the Establishment of a Green, Low-Carbon,
With the core goal of improving water resource
Objective and Circular Economic System," clearly requiring to "promote green development in exhibitions, guide the
utilization efficiency, steadily increasing the proportion Progress In progress
Description formulation of relevant green standards, and promote the recycling of exhibition facilities." the Exhibition Company
of recycled water in total water consumption.
actively responds to the call for green exhibitions, focusing on environmental protection throughout the entire process
during the setup, exhibition, and dismantling phases, using green materials, conserving energy and resources, and
Indicators8 Unit 2025 continuously improving the recycling rate of booth construction materials. In addition, the mall exhibition leads the
Fresh Water Consumption (Municipal ton 3,462,613.38 formulation of DB33/T 2362—2021 "Green Exhibition Operation Management Standards" and actively implements
Water Supply) the evaluation of these standards, obtaining recognition as a "Zhejiang Standard" during the reporting period.
Recycled Water Usage (Water Reuse) ton 358,881
Green Exhibition Measures of CCC Exhibition
Total Water Consumption ton 3,821,494.38
Proportion of Recycled Water Usage % 9.39 Setup Phase
Water Resource Consumption Intensity ton per million-yuan revenue 191.77
The exhibition venue operation unit leads the organization of relevant training on 'Green
Exhibitions' for the organizers and contractors, requiring them to fully implement and promote the
concept of 'Green Exhibitions' within their enterprises. Guide participating companies and
Circular Economy individuals to use recyclable, reusable, and low-emission recycled materials through strong
economic measures, promoting the overall construction of "green venues"; raise the entry threshold
Raw Material and Packaging Management for booth construction to firmly suppress energy consumption and pollution at the exhibition site.
Yiwu CCC actively practices the concept of circular economy, using green and non-toxic raw materials, and does not Exhibition Phase
involve the use of toxic and harmful substances during its operations, firmly adhering to safety standards from the
source. The hotels under the Company have launched environmental protection solutions, including gradually phasing
Select environmentally friendly technologies, processes, equipment, and materials, make full use of
out single-use plastic products and using renewable biodegradable materials to replace plastic packaging for bathroom
energy and resources, reduce the generation of pollutants and solid waste, promote the use of
amenities, providing customers with healthy, environmentally friendly, and green products and services. When hotels
biodegradable acetate tape and plant starch film tape, and prohibit high-consumption and polluting
purchase green materials, they must verify environmental certification documents, and non-compliant materials should
exhibition materials from entering the venue, forcing companies to transition to green practices; strictly
be returned or exchanged on the spot; at the same time, fully replace traditional plastic and non-degradable utensils
control the use of odorless inks for painting and printing, ensuring no irritating gases are emitted, and
with biodegradable packaging boxes and tableware. During the reporting period, Yayue Hotel used a total of 30,696
construction personnel should take appropriate labor protection measures based on the construction
pairs of eco-friendly slippers (rewashed and reused), saving a total of 46,000 yuan. Approximately 29,900 sets of
environment and venue; introduce national mandatory product certification standards for exhibition
tableware made from biodegradable materials.
construction materials through standardized management methods to reduce energy consumption.
Dismantling Phase
In addition, the Company promotes packaging circularity and reduction, aiming to minimize the generation of
packaging waste from the source. Shangtu Hotel actively builds environmentally friendly consumption scenarios,
providing paid eco-friendly packaging boxes to encourage customers to choose according to their needs, reducing Encourage green dismantling, standardize the dismantling procedures for participating companies and
unnecessary packaging consumption; launching a discount activity for customers who bring their own coffee cups, construction units, and strengthen on-site inspections during dismantling to urge participating
guiding consumers to reduce the use of disposable cups; and implementing a recycling incentive program where companies and construction units to control noise pollution, reduce dust generation, and harmful gas
customers can exchange 10 collected packaging bags for a free cup of coffee, promoting the recycling of packaging emissions, and properly recycle reusable components and decorative materials according to
materials and cultivating customers' environmentally friendly consumption habits. operational specifications; require participating companies and construction units to properly handle
the removal and subsequent disposal of solid waste after the exhibition activities conclude; transform
the waste transfer station, strictly implement a four-category waste classification system, and
introduce a professional team for standardized management to avoid secondary pollution.
hotel business lines, and important main business sectors (Yiwu Comprehensive Bonded Zone Operation Management
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Green Office Environmental Management
Yiwu CCC adheres to the concept of green office, implements a waste classification and recycling mechanism,
promotes reusable office supplies, and guides employees to develop low-carbon office habits, effectively reducing
Environmental Compliance Management
energy consumption and resource waste in office processes, creating a green office atmosphere with participation from Yiwu CCC strictly complies with the Environmental Protection Law of the People's Republic of China and other legal
all employees. requirements, continuously improving its environmental management system. The Board of Directors' strategy and the
ESG committee are responsible for guiding the implementation of environmental compliance management, while the
ESG leadership team promotes environmental compliance management in various markets and hotels. The Company
Energy Conservation Water Conservation
establishes environmental management organizations and systematically promotes various environmental protection
Replace with energy-saving lamps and turn Post water-saving signs to cultivate
practices by formulating systems such as the "Environmental Management Operation Manual" and the "Environmental
off the power in a timely manner. water-saving awareness.
Sanitation Management Specifications," actively promoting the coordinated development of economic benefits and
Adjust the air conditioning temperature Turn off the tap promptly and regularly check
ecological environmental protection. As of the end of the reporting period, Supply Chain Company and the
according to seasonal changes. for leaks.
Commercial City Exhibition have passed the ISO 14001:2015 environmental management system certification, and the
Company has not faced any environmental penalties or violations.
Paper Conservation Green Travel
Promote paperless office practices to reduce Encourage employees to travel green,
paper usage. actively calling on them to use new
Post signs to save paper and set up paper energy vehicles and public
recycling stations. transportation.
When printing documents, use double-sided
printing to reduce paper waste.
Environmental Management System Certification CCC Exhibition Environmental Management
Certificate of the Supply Chain Company System Certification
The Company strictly follows the regulations such as the "Emergency Management Measures for Sudden
Environmental Incidents" and formulates documents like the "Environmental Risk Emergency Plan" and the "Typhoon
and Flood Emergency Plan." It has established a special command organization to standardize the emergency response
procedures and handling processes for various environmental emergencies, ensuring clear responsibilities and orderly
responses. At the same time, to deeply implement environmental awareness and actions, the Company continuously
educates employees on environmental protection during the establishment of its environmental management system.
During the reporting period, the Company conducted a series of training activities, including emergency drills,
environmental awareness campaigns, and training on environmental regulations.
Indicators Unit 2025
Total environmental protection
RMB million 6.8527
investment9
Binwang Market Green Office Sign Water Conservation Label of Fifth District Market
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Case The Exhibition Company Conducts Environmental Testing
In 2025, the Exhibition Company commissioned a third-party professional
organization to carry out pollutant monitoring and rainwater testing.
Training on Solid Waste Management System
Pollutant Emissions
Yiwu CCC does not engage in direct production during its operations, generating no industrial wastewater or exhaust,
only producing domestic wastewater and exhaust. The Company strictly complies with legal and regulatory
requirements, establishing relevant internal management systems for wastewater and exhaust generated during
operations. Each unit has formed a leadership group for "Five Waters Co-Governance" (controlling wastewater,
preventing floods, draining water, ensuring water supply, and promoting water conservation) to manage wastewater
treatment comprehensively, and regularly entrusts third-party professional institutions to test wastewater and exhaust, Environmental Testing Report Rainwater Testing Report
ensuring the normal operation of environmental protection facilities and compliant discharge and disposal of (Wastewater, Waste Gas, Noise)
wastewater and exhaust.
Wastewater Management Related Policies Waste Management
Inspection system for 'Five Water Co-Governance' "Pollution Prevention Management System"
Yiwu CCC places great importance on waste management. The Board of Directors' strategy and the ESG Committee
Management system for wastewater & sewage "Wastewater Discharge Standards System"
pipelines in hotels and e-commerce parks. "Wastewater Treatment Management System" are responsible for guiding waste management efforts, while the ESG leadership team supervises and promotes waste
Management system for 'Five Water Co-Governance' management initiatives. Yourworld has established a "Solid Waste Management System" and regularly conducts
Inspection and rectification system for 'Five Water
training activities for employees on waste sorting guidance, aiming to achieve higher standards in waste classification
Co-Governance'
and reduction in hotels. The main waste generated during the Company's operations includes household waste and
hazardous household waste produced during office activities, perishable waste generated during hotel and market
operations, and construction waste produced from building projects. In August 2025, Ocean Hotel was awarded the
title of "National Green Catering Enterprise" by the China Hotel Association. During the reporting period, the
Company generated a total of 1,877.72 t non-hazardous waste, achieving 100% compliance in waste disposal.
Objective
Description
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Waste Waste Management Methods Case "Zero-Waste Commercial District" Construction
Management The Company actively responds to the relevant requirements of the "Implementation Plan for
the Construction of a Zero-Waste City in Zhejiang Province (2022-2025)". Its International
Engage a third-party professional organization and sign agreements such as Trade City Second District market has successfully been selected as one of the first batch of key
the "Grease Trap Cleaning and Maintenance Service Agreement", "Garbage cultivated "Zero-Waste Commercial Streets (Commercial Districts)". The Second District
Transportation Service Contract", and "Garbage Collection Service market integrates the concepts of green low-carbon and "zero waste" systematically into the
Agreement". Set up facilities for the classification, collection, entire process of facility construction and operation management, regularly conducts
transportation, and treatment of household waste. promotional and educational activities on the "zero waste" concept, and collaborates with party
Non-hazar Implement a dedicated personnel system at waste classification points to and youth organizations, business associations, and community governance forces to carry out
ensure source classification of waste collection. Daily statistics on the special actions such as "waste sorting" and "clean plate campaign," strengthening waste
dous Waste reduction efforts and effectively supporting the construction of "zero waste business circles" and
generation and recycling data of various types of waste should be compiled,
Treatment and regular special inspections and training on waste classification should "zero waste cities."
be conducted, along with assessments.
Hire a professional construction waste transportation company and sign a
"Construction Waste Transportation Contract". Transport construction waste
(including renovation waste) according to government-approved
transportation routes and disposal locations. Ecosystem and Biodiversity Conservation
The Company strictly adheres to national and local environmental protection laws and
regulations, focusing on ecological protection in its business activities, ensuring that its
operations do not directly impact the ecosystem and biological genetic resources. During the
Hazardous waste is collected by the household waste collection unit and project site selection phase, the Company actively avoids natural reserves, key ecological
entrusted to a unit with the appropriate hazardous waste operating license function areas, and other regions with biodiversity protection value to prevent interference with
Hazardous local water sources and ecological balance. In the process of project construction and operation,
for transportation. Implement a transfer slip system and establish a complete
Waste ledger, signing a "Household Hazardous Waste Transportation Service the Company implements targeted greening and ecological maintenance measures based on the
Contract". characteristics of surrounding vegetation and ecological environment, reducing potential impacts
Treatment on soil and groundwater, and achieving harmonious coexistence between business activities and
Collaborate with the Chengxi Subdistrict Office to handle waste such as
batteries. The recycling location will be the Chengxi Street Disposal Center, the natural environment.
with an estimated 800 batteries generated and processed in 2025.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
INNOVATION DRIVES
GROWTH
DATA FORTIFIES SECURITY
The Company is positioned as a global core hub for small commodity
trade, breaking trade barriers and optimizing transaction efficiency
through technological innovation, activating trade vitality with
innovative measures such as AI tools and multilingual services. We
will uphold product safety standards and establish a quality control
system for the entire product lifecycle, building a solid safety barrier
for the circulation of goods from the source. At the same time, we will
strengthen the construction of supply chain security, leveraging our
resource integration capabilities to achieve efficient collaboration in
logistics, payment, and other aspects, ensuring the stability and
smoothness of cross-border trade routes, and injecting continuous
momentum into the high-quality development of global trade.
? Innovation-driven ? Customer Service Management
? Supply Chain Security ? Information Security and Privacy Protection
? Product Safety and Quality
Response to SDGs
Industry, Peace, Partnerships for
Innovation and Controversy, and the Goals
Infrastructure Strong
Institutions
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Innovation-driven Zhejiang China Commodities City Big Data Co., Ltd.
Governance
R&D System External Experts R&D Center Technical Director
The Company highly values research and innovation, establishing a series of regulations to standardize research and
development activities. The Board of Directors' Strategy and ESG Committee is responsible for the strategic planning
and guidance of research and innovation management. The Company has formed a leadership group for research and Product Department Technical Department Hangzhou R&D Center
development organization management, led by the general manager, which holds meetings at the end of each quarter to
lead and decide on major issues in research and innovation. The Big Data Company under the umbrella is the
dedicated unit for the Company's research and development activities, with departments for application R&D, core
R&D, and Hangzhou R&D. It carries the important mission of integrating R&D resources and leading innovation
Product Team
Design Team
Team
Server-side Development
Web Development Team
BI Development Team
Test Group
Product Team
R&D Team
directions, playing a key role in promoting the deep integration of technological innovation and business development.
During the reporting period, Big Data Company, Quick Pass, and Yiwugou were recognized as high-tech enterprises.
Research and Development Team Building
The Big Data Company builds a research and development team that not only strengthens the capabilities of existing
Big Data Company Yiwugou Kuaijietong R&D personnel but also supplements the team's professional depth through external recruitment and training,
providing talent support for the Company's technological research and development.
R&D Team Performance
Indicators Unit 2023 2024 2025
Research and Development Innovation Systems Number of R&D Personnel people 160 193 222
"R&D Project Management System" "Performance Appraisal and Reward System for
"R&D Investment Accounting System" Scientific and Technological Personnel"
Proportion of R&D Personnel % 4.62 5.93 6.72
"Management and Reward Measures for the "Management System for Innovation and
Transformation of Scientific and Technological Entrepreneurship Platform Construction"
By Education Level
Achievements" "Training and Continuing Education System for
Bachelor's degree people 110 143 174
"Auxiliary Accounting System for R&D Expenses" Scientific and Technological Personnel"
"Management System of the R&D Center" "Training Management System for Scientific and Master's degree or above people 9 13 14
Technological Personnel"
"Management System for the Introduction of Below bachelor's degree people 41 37 34
Scientific and Technological Talent"
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Indicators Unit 2023 2024 2025
Provincial and Ministerial Level Innovation
National-level Innovation Platform
By Age Group Platform
National E-commerce Demonstration Base - China
The "Zhejiang China Commodities City Digital
Under 30 people 54 57 68 Commodities City • E-commerce Service Area
Trade High-tech Enterprise R&D Center" has
National Urban Industry-Education Integration
Alliance - Yiwu Free Trade Zone Urban
Enterprise R&D Center."
Over 40 people 16 23 28 Industry-Education Integration Alliance
By Gender
Innovation
Male people 119 137 155
Platform
Female people 41 56 67 Construction
Municipal Innovation Platform Self-built Innovation Platform
"Jinhua City China Commodities City Big Yiwu CCC Platform (Chinagoods Platform)
Data Science and Technology Research and Yiwu Pay cross-border financial platform.
R&D Investment Development Center" has been rated as "Maoyi Chain" Supply Chain Service Platform
The Big Data Company has established the "R&D Investment Accounting System" to encourage the Company to carry "Jinhua Municipal R&D Center" Data Element Empowerment Platform
out research and development activities. All R&D projects are approved and initiated by the R&D organization
leadership team, and the finance department allocates R&D expenses according to the budget amounts in the project
proposal.
R&D Investment Performance
Indicators Organization 2025
R&D Investment RMB Ten thousand 6,761.48
Proportion of Research and Development
% 0.34
Investment to Operating Revenue
Innovation Platform Construction Jinhua City-level R&D Center Zhejiang China Commodities City Digital Trade
High-tech Enterprise R&D Center
In response to the new trend of "mass entrepreneurship and innovation," Big Data Company has
formulated the "Management System for Innovation and Entrepreneurship Platform Construction,"
implementing three development models: "Talent + Project," "Talent + Industry," and "Talent + Issue."
During the reporting period, Yiwu CCC established 2 international innovation platforms, 1 provincial
innovation platform, 1 municipal innovation platform, and 4 self-built innovation platforms.
Yiwu Pay Cross-Border Financial Platform "Maoyi Chain" Supply Chain Service Platform
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Strategy
Impact, Risk, and Opportunity Management
In the process of innovation-driven development, the Company not only captures opportunities for In the process of promoting research and development innovation, Big Data Company has established a
expanding the innovation ecosystem and accelerating the transformation of technological achievements comprehensive risk control system for R&D that covers the entire process, achieving precise risk management through
but also clearly identifies potential risks in policies and legal regulations. segmented and institutionalized management actions.
Management Processes Management Measures
Expected
Risk/Opportunity Likelihood of Impact
Risk/Opportunity Financial Response Measures
Description Occurrence Period Based on the "Research and Development Project Management System" and the
Impact Risk "Innovation and Entrepreneurship Platform Construction Management System", identify
Establish a monitoring Identification and evaluate internal and external factors to comprehensively cover the innovation-related
mechanism for risks at all stages of the R&D project.
Companies may
intellectual property
encounter intellectual
to promptly identify
property disputes
and respond to
during the process of Short to Based on the actual operational situation of the Company, conduct a comprehensive
Policy and Increase in infringement; hire a Risk
Risks technological Medium medium assessment of the risks and opportunities of research and development innovation,
legal risks operating costs professional legal Assessment
innovation, such as term clarifying the impact cycle and the potential major financial impacts.
team to provide legal
patent infringement
consultation and
and trademark
support for the
disputes.
Company, reducing By strengthening internal controls, standardizing operational processes, building a
Risk
legal risks. scientific risk management system, and enhancing internal supervision, we can avoid or
Monitoring
Improve database reduce risks and ensure the safe and stable development of the Company.
Companies can construction
utilize digital according to
technologies, development needs
Relying on the established research and development system and risk management
artificial intelligence, Short, and strengthen the Risk
mechanisms, dynamically optimize the management processes of research and
Service and other means to medium Increase in development talent Management development projects and innovation platforms based on the results of risk identification
Opportun
innovation provide more High , and operating team; establish and assessment, and implement risk response measures.
ity
opportunity convenient, efficient, long revenue strategic partnerships
and personalized term with world-class
service experiences, customers to achieve
increasing customer collaborative
loyalty. development of
Objective Description Progress
platform functions.
More than 10 new software copyrights added Achieved
Indicators and Objectives Big Data Company 2025 Plan: Build an intelligent business ecosystem, deepen
the research and development system of artificial intelligence, and achieve Achieved
The Company's technological innovation strategy focuses on the research and application of key technologies, major breakthroughs in key technology areas.
coordinating resource investment and risk response to support business innovation and development. To fully leverage
Big Data Company 2026 Plan: Deepen breakthroughs in AI technology, lead
the strategic engine role of 'technological innovation', the Company will continue to increase R&D investment,
the transformation of intelligent commerce, and promote the globalization of In progress
enhance the quality of core patents, expand the number of invention patent applications, and accelerate the
intelligent commerce applications.
transformation of technological achievements; at the same time, it will actively strengthen collaborative innovation
capability building to further improve the efficiency of innovation results transformation. To achieve long-term
innovation goals, the Company has established a regular tracking mechanism to periodically assess intellectual
property results, R&D innovation investments, and the status of the R&D innovation team.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Research and Development Innovation Initiatives Collaborative R&D Mechanism
Encouraging Research and Development Innovation Industry-Academia-Research Cooperation
The Big Data Company has established multiple systems, including the "Management and Reward Measures for the The Company has developed the "Management Measures for Industry-Academia-Research Cooperation" and has
Transformation of Scientific and Technological Achievements," "Performance Appraisal and Reward System for jointly established internship bases with more than twenty higher education institutions, including Zhejiang University,
Scientific and Technological Personnel," "Training and Further Education System for Scientific and Technological Zhejiang Gongshang University, Zhejiang Normal University, Jiangsu University, Jiangxi University of Finance and
Personnel," and "Training Management System for Scientific and Technological Personnel," to stimulate the Economics, Hangzhou Dianzi University, and China Jiliang University. Moreover, the Company has co-established
innovative vitality and work enthusiasm of scientific and technological talents, steadily enhance the comprehensive platforms such as the "CCC Design Institute" and the "International Trade City Live Streaming Base" with Yiwu
quality of scientific and technological personnel, strengthen the innovation capability of the Company's products and Industrial and Commercial College, the "Joint Graduate Training Base" with the Graduate School of China Metrology
services, and promote the cultivation, summarization, optimization, and implementation of innovative achievements. University in Yiwu, and the "Zhejiang Province Light Industry Design AIGC Application Industry-Academia Alliance"
with Zhejiang University and China Metrology University.
Case Yiwu CCC “AI + Innovation” Entrepreneurship Competition
This competition is initiated by the China Digital Trade Research Institute of Zhejiang University and
organized by the National College Student Digital Trade Comprehensive Ability Competition Committee,
exclusively sponsored by Yiwu CCC. It attracted participation from 309 universities across the country, with
Material Incentives Performance Appraisal 10,229 students forming 2,279 teams to compete. The competition focuses on practical experience, deeply
Provide corresponding rewards to Incorporate training learning situations integrating artificial intelligence technology with the field of digital trade. It leverages the physical trade
individuals who make significant and continuing education achievements resources of the Yiwu Small Commodity Market and the digital trade infrastructure of the Chinagoods
contributions to the transformation of into the assessment scope; platform, innovatively adding a real store operation practice segment, and introducing a
scientific and technological Conduct comprehensive assessments
achievements. based on the effectiveness of R&D 'University-Enterprise Talent Matching Conference' aimed at building an efficient talent matching platform
Ensure that employees receive salary project advancement; assessment results between universities nationwide and the trade enterprises in Yiwu China Commodities City.
and benefits during their training and R&D serve as the core basis for incentives and
further education. promotions.
Innovation
Incentive
Spiritual Motivation Measures Job Promotion
Publicly commend individuals with Use training assessments and
outstanding training assessment performance appraisal results as
results; important references for title
Honor and recognize key participants evaluation and competitive job
in innovative projects and placement.
technological achievements.
The 4th National College Student Digital Trade Comprehensive Ability Competition
Technical Communication and Cooperation
The Company maintains long-term cooperation and communication with large domestic enterprises and financial
institutions, and has established extensive business contact channels and information transmission networks with major
universities and research institutions.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Case Internal Testing of World Yiwu AI Large Model
On July 24, 2025, the Company and Alibaba Highlights of Innovation Outcomes
launched the internal beta of the "World Yiwu CCC has deeply integrated AI technologies into the Chinagoods platform, developing
Yiwu AI Large Model" (a LLM in digital and launching a total of 13 practical AI tools. These tools span multiple categories, including
trade) at the International Expo Center Hotel, CG AI Video Creation, CG AI Design, CG AI Translation, and AI Independent Websites,
inviting over 300 merchants to participate in providing services such as AI avatar short video production, image processing, video
translation in 36 languages, and rapid deployment of multi-language websites. During the
the "sandbox testing". Adhering to the reporting period, the Company obtained 19 new software copyrights, covering multiple
philosophy of "AI-driven business growth", dimensions such as workplace safety, online exhibitions, indoor navigation, AI avatars, AI
the Company aims to inject innovative translation, and access control systems.
vitality into the global small commodity
trade. In practice, the model will be deeply
integrated into the industry, delivering dual
value through "cost reduction and efficiency
gains" as well as "innovative growth".
On-site of the Yiwu CCC AI Large Model Sandbox
Testing Event
Industry Standard Setting
The Company initiated and established the Yiwu Small Commodity Standard Innovation Alliance, dedicated to
developing the brand construction of "Small Commodity Standards". In 2024, Yiwu CCC assisted in drafting the
"Work Specifications for 'Standards Entering the Market'" and other local standards for Yiwu City. During the
reporting period, in accordance with the relevant provisions of the "Yiwu City 'Small Commodity Standards' Brand
Construction Work Plan" and the "Management Measures for Group Standards of the Yiwu Small Commodity
Standards Innovation Federation," the Yiwu Small Commodity Standards Innovation Federation organized and
released two batches of standard formulation plans, with seven group standards led by the Company receiving
approval.
Standard No. Standard Name Release Time
T/CSIF 0033—2025 "Hairpin" April 27, 2025
T/CSIF 0041—2025 "The Canopy" June 13, 2025
T/CSIF 0046—2025 "Pet Bed (Mat) for Cats and Dogs" July 31, 2025
T/CSIF 0048—2025 "Plastic Packaging Materials for August 28, 2025
Cosmetics"
T/CSIF 0049—2025 "Glass Packaging Materials for August 28, 2025
Cosmetics"
T/CSIF 0057—2025 "Portable Charcoal Barbecue Grill" November 28, 2025
T/CSIF 0065—2025 "Hair Comb" November 28, 2025
Software Copyright Registration Certificates for 2025
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Intellectual Property Protection Case 2025 Intellectual Property Promotion Week Special Training
Management System
From April 20 to 26, 2025, the Company conducted special training on intellectual property for
Yiwu CCC strictly adheres to the Patent Law and Copyright Law of the People's Republic of
International Trade City operators, inviting professionals to explain legal systems, knowledge of creation
China, along with other relevant regulations. We have formulated the "Intellectual Property and rights protection, and simultaneously promoting through multiple channels, effectively enhancing
Management Measures for the International Trade City" to standardize key processes, operators' awareness of intellectual property protection and compliant business practices.
including IP registration, dispute resolution, and infringement control, thereby providing robust
institutional support for IP protection. Regarding organizational structure, the Board's Strategy
and ESG Committee oversees and guides IP protection strategies, while the ESG Leadership
Team drives their implementation across various markets. To ensure execution, the Group has
established a dedicated IP Protection Office, and each market subsidiary has set up supervision
service centers and working groups, clearly defining responsibilities at all levels. Notably, the
Company reported zero intellectual property infringement incidents during the reporting
period.
As of the End of the Reporting Period
National invention patents obtained by the Company Software Copyright Trademark Huangyuan Market Intellectual Property Day On-site Consultation Activities During the Intellectual
Special Training Property Promotion Week in First District Market
and its core subsidiaries
Intellectual Property Protection Promotion and Training
The Company highly values the cultivation of intellectual property awareness among business operators
and related personnel, regularly conducting intellectual property publicity education and specialized
training in line with annual work deployment and promotional milestones, covering all market operators
Third District Market "Intellectual Property and Forth District Market LED Screen Promotion
comprehensively. Music: Feel the Rhythm of Intellectual Property"
Event
Yixi Market Offline Roll-up Banner Promotion Forth District Market On-site Promotion Training
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Supply Chain Security
Intellectual Property Protection Measures
The Company promotes intellectual property protection from multiple aspects, including daily
Governance
supervision, compliance guidance, dispute resolution, and infringement penalties, to prevent infringement The main subsidiaries responsible for supply chain management in Yiwu CCC's business activities
risks during operations and protect the legitimate rights and interests of intellectual property rights include the Hotel Management Company, Supply Chain Company, and Import and Export Company. The
holders, maintaining a good business environment in the market. Board's Strategy and ESG Committee is responsible for guiding and supervising the supply chain
management work, while the ESG leadership team is responsible for promoting supply chain quality
Protective Measures Implementation Details
management. The Company focuses on supply chain safety management, relying on strict supplier
selection, comprehensive quality monitoring, and logistics and warehousing optimization measures to
Daily Monthly joint self-inspection of intellectual property management with industry strengthen the defense line for stable supply chain operations, reduce operational risks, and enhance
Self-inspection associations, establishing standardized management files, and retaining market competitiveness.
and Supervision inspection and rectification related materials.
Supply Chain Business Line
Yiwu CCC has formulated the "Compilation of Foreign Trade Regulations for Zhejiang China
Commodities City Supply Chain Management Co., Ltd. (Trial)" to standardize the selection and daily
Product Require operators selling products with intellectual property labels to submit management of core foreign trade suppliers for the Supply Chain Company, improve selection standards,
Registration copies of relevant certificates and authorization agreements, and register with refine procurement processes, and enhance the management of foreign trade procurement performance
Management law enforcement agencies as required. services. Suppliers of finished products, semi-finished products, and raw materials within the foreign
trade business scope of Supply Chain Company, including but not limited to suppliers from International
Trade City, First to Fifth District Market, Huangyuan Clothing Market, and International Production
Materials Market.
Dispute The intellectual property liaison officer shall mediate infringement disputes at
Mediation the request of the relevant parties, and invite law enforcement agencies to The Supply Chain Company, based on the “Core Foreign Trade Supplier Management System”, clarifies
Handling provide guidance on-site if necessary. the selection and management requirements for core suppliers, adhering to the principle of balancing
quality, cost, delivery, and service, and establishing a long-term mutually beneficial supply-demand
relationship.
Implement integrity point deductions for infringing businesses; serious Core Supplier Selection
Infringement
infringers may have their business rights terminated. Infringing products must
Penalty Exit
be registered and removed from the market.
Develop core suppliers through on-site visits, recommendations from purchasers, internet
searches, introductions from peers, proactive inquiries and introductions from suppliers, and
Technology Ethics supplier media advertisements.
Scientific ethics are the value concepts and behavioral norms that must be followed in scientific research, Selected core suppliers need to provide basic information such as business qualifications,
technology development, and other technological activities, serving as an important guarantee for the integrity status, and delivery capabilities. After confirming the selection of core suppliers,
healthy development of science and technology. In its daily operations, the Company does not involve information registration will be conducted. For core suppliers with a large procurement
content related to technology ethics. The technologies used and activities conducted comply with existing volume, on-site inspections will be carried out based on actual needs.
laws, regulations, and industry standards, and there are no potential risks arising from technology ethics
issues.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Routine Management of
Core Supplier Phase-out
Core Suppliers
D-level suppliers that do not cooperate with rectification within one year of receiving a
The supply chain branch records the daily performance and product arrival status of core rectification notice may have their core supplier status revoked. Suppliers that have issues such
suppliers, regularly conducts statistical analysis of the delivery situation of core suppliers, and as overdue rent, illegal operations, procurement bribery, or product quality problems will be
uses the results as the basis for evaluating core suppliers, providing feedback to them to urge subject to a one-vote veto, directly classified as D-level suppliers, and removed from the
improvements and enhancements. Company's core supplier list.
Strengthen daily communication and feedback with core suppliers, and establish and maintain
a long-term cooperative strategic relationship between the supply chain branch and core
suppliers.
The Supply Chain Company maintains a network of 180 partner suppliers distributed
across China. Of these, 45 are based in Zhejiang, representing 25% of the total
supplier base, while local procurement accounts for 15% of total sourcing. The Import
Core Supplier Evaluation
and Export Company collaborates with 471 partner suppliers worldwide, comprising
suppliers constitute 1.5% of the total, with local procurement representing 8% of
The supply chain branch conducts annual evaluations of core suppliers to ensure that the quality
sourcing activities.
of purchased products, delivery times, and after-sales services meet specified requirements.
Evaluation scores are divided into four levels: A-level core suppliers with scores of 85 Hotel Business Line
(inclusive) and above are rated as excellent and highly recommended for procurement. B-level
core suppliers with scores between 70 (inclusive) and 85 are rated as good and generally The hotel management company formulates and implements the "Supplier Management
recommended for procurement. C-level core suppliers with scores between 60 (inclusive) and Measures (Trial)" to standardize the entire process of supplier development, assessment,
D-level core suppliers with a score below 60 are deemed unqualified based on comprehensive qualification review and sample evaluation before signing the "Supply Cooperation
evaluation and will have their procurement qualifications revoked.
Agreement" after approval. In terms of assessment, it mainly targets suppliers with
long-term cooperation and an annual purchase amount of over 100,000. Other suppliers
will be evaluated based on hotel needs, and suppliers will be classified into four levels:
A, B, C, and D according to the assessment results. At the same time, the hotel
management company clearly defines the circumstances under which suppliers may exit.
If a supplier fails to renew the supply contract upon expiration, does not meet the
requirements for quality issue rectification, scores below 60 in evaluations, or engages in
illegal or irregular activities, the exit process will be initiated. The hotel management
company implements full lifecycle closed-loop management of suppliers to ensure the
stable and efficient operation of the supply chain, continuously providing customers
with high-quality products.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
supply chain links during business activities. Among them, the Supply Chain Company and Import and Export
Strategy Company identify supply chain risks in business activities and implement control procedures based on the
Likelihood Expected “Commodity Trade Business Volume” of the “Internal Control Manual”, while the Hotel Management Company refers
Risk/Opportunity Impact
Risk/Opportunity of Financial Response Measures to the “Hotel Management Business Volume” to comprehensively strengthen the supply chain security.
Description Period
Occurrence Impact
Insufficient stability Indicators and Objectives
in the global supply
chain, with sudden Objective Description Progress
situations such as Short, Optimize supply chain layout,
Supply No material risks or impact events occurred in the supply chain. Achieved
pandemics and medium, establish emergency
Chain Increase in The Company will conduct sustainable development management for In progress
natural disasters Medium and long mechanisms, and improve the
Disruption operating costs
easily causing raw term ability to respond to suppliers, promote the concept of sustainable development, and establish a
Risk
material shortages Period unexpected events. sustainable development risk management mechanism for the supply chain.
and logistics
disruptions, affecting
Risks order delivery.
For the hotel business Supplier ESG Management
line, if the supplier's Yiwu CCC is committed to systematically integrating ESG concepts into the management of the entire supply chain
stability is
Sign long-term agreements lifecycle, requiring distributors to provide copies of ISO 9000 quality system certification for the products or
insufficient, there
with local quality suppliers, companies they represent in the "Supplier Investigation Admission Form," and setting requirements for suppliers and
Quality may be delays in Increase in
Medium Short-term. establish a backup supplier their products in terms of safety and quality.
Risk supply or product operating costs
database, and reduce risks of
quality issues, or The Company is gradually establishing an ESG management mechanism for suppliers that aligns with its business
supply chain disruptions and
complaints from model, aiming to guide and assist a wide range of market merchants and service partners in improving their ESG
product quality.
customers, leading to performance through clear admission standards, continuous performance appraisal, and capacity building. We focus on
disputes.
the practices of the supply chain in areas such as compliance operations, labor rights, environmental protection, and
Enhance overseas layout,
business ethics, and actively explore the use of digital platforms and data tools to enhance management transparency
accelerate the construction of
global digital trade centers,
and collaborative efficiency, in order to build a more resilient and responsible value chain ecosystem that creates
and set benchmarks for the long-term shared value for all stakeholders.
The "Belt and Road
country's trade expansion in
Initiative", RCEP,
and other regional
the 'Belt and Road' region. Responsible Procurement
Utilize platform data All business sectors involved in procurement at Yiwu CCC have established a scientific, standardized, efficient, and
cooperation continue
Emerging advantages to accurately
to release trade Increase in transparent procurement management system.
Market Medium to match emerging market
Opportunities demand, providing High operating The Supply Chain Company strictly implements the "Supply Chain Company Procurement Management Measures
Expansion long term procurement needs with
the Company with revenue
Opportunity supply chain resources; (Trial)" and the "Zhejiang China Commodities City Supply Chain Management Co., Ltd. Product Selection and
vast opportunities to
help merchants
Optimizing cross-border Pricing System" and other institutional documents, standardizing the entire procurement process, strengthening
logistics efficiency through procurement supervision and management, improving the efficiency of procurement fund utilization, and promoting
explore diversified
the China-Europe Railway the implementation of integrity construction in the procurement field.
overseas markets.
Express and overseas
warehouse networks, seizing
The Hotel Management Company has formulated and implemented a series of procurement management systems,
market share in countries including "Procurement Material Classification and Procurement Authority Division Rules of Zhejiang Yandoo Hotel
along the route. Management Co., Ltd.", "Notice on Standardizing the Bidding Work for Procurement Projects", "Unified Procurement
Management Measures of Zhejiang Yandoo Hotel Management Co., Ltd. (Trial)", "Unified Procurement Management
Rules for Non-Food Materials of Zhejiang Yandoo Hotel Management Co., Ltd.", and "Procurement System Control
Specifications Based on Centralized Procurement". These rules clarify the procurement authority and responsibility
Impact, Risk, and Opportunity Management boundaries at all levels, relying on the establishment of a procurement review expert database, standardizing the
bidding process, implementing unified procurement management, and strengthening centralized procurement system
The Company attaches great importance to supply chain risk management, focusing on building a comprehensive and
control to achieve standardized and efficient procurement operations.
detailed risk identification system to ensure the stable and sustainable operation of the supply chain. To effectively
ensure supply chain security, prevent potential risks, and maintain the continuity and compliance of the Company's
business, the Company has formulated relevant supplier risk management systems to assess and respond to risks in all
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Sunshine Procurement Product Safety and Quality
To practice the concept of transparent procurement and build a
standardized, clean, and open ecosystem, the Group mandates that all
hotels sign the "Sunshine Cooperation Agreement" with suppliers.
Governance
Concurrently, the Import and Export Company and the Supply Chain Market Operation Business Line
Company execute "Integrity Agreements" with their respective partners.
To further reinforce this commitment, all procurement personnel are The Market Operation Business Line is responsible for product quality management, maintaining market order, and
required to sign the "Procurement Personnel Integrity Commitment." ensuring a good operating environment. The Company's Board of Directors and the ESG committee are responsible for
These measures ensure that cooperation is rooted in honesty, fairness, guiding the implementation of product quality management, while the ESG leadership team promotes product quality
and mutual benefit, thereby safeguarding a healthy business order and management across various markets. In daily operations, the Market Operation Business Line implements the
market environment. During the reporting period, the signing rate for the Company's established "SOP Process" (two volumes), "Management System" (two volumes), and "Service and
"Sunshine Cooperation Agreement," "Integrity Agreement," and Product Models," while actively enforcing the "Standard Entry into Market Work Specifications." With a rigorous and
"Procurement Personnel Integrity Commitment" reached 100%. comprehensive system as the foundation, it aims to create a fair, just, open, transparent, stable, and predictable
competitive environment for operators in the market, effectively preventing and resolving market disputes, and
Smart Procurement promoting sustainable market development.
Yiwu CCC is harnessing intelligent and digital technologies to Hotel Business Line
reconstruct the procurement and trade landscape. Anchored by the The Company's Hotel Business Line is committed to the continuous enhancement of its quality management system.
Global Digital Trade Center and powered by the "World Yiwu" large CCC Hotel has formalized this commitment by establishing the "2025 Quality Inspection Management System." This
model for digital trade and the Chinagoods platform, the Company framework creates a robust, multi-level quality assurance structure comprising internal inspection teams, special audits,
delivers comprehensive intelligent services for sourcing, design, and and third-party undercover evaluations. By clearly defining the composition, responsibilities, and workflows for each
performance to small and micro enterprises. With 13 independently tier, the system ensures comprehensive quality control across all operational facets, including safety assurance, service
developed AI applications, including the "CG AI" series, AI Translator, standards, cleanliness, and hardware facilities.
and AI Digital Human, Yiwu CCC covers six critical business scenarios
ranging from intelligent design to multilingual marketing. These tools Quality Management System Certification
allow merchants to generate customized solutions and renderings in The Company continuously improves its quality management system; by the end of the reporting period, Yiwu CCC
minutes, drastically reducing traditional sampling cycles from weeks to and the Supply Chain Company have passed the ISO 9001:2015 quality management system certification.
moments and accelerating order acquisition. Simultaneously, data-driven
insights into global consumption trends guide precise production,
minimizing procurement blind spots and inventory risks. Furthermore,
the integration of "Yiwu Pay" and a digital supply chain system
streamlines the entire transaction process, ensuring safety, convenience,
and seamless operations.
Equal Treatment of Small and
Medium Enterprises
Yiwu CCC is committed to fairness and justice in supply chain
management, ensuring equal opportunities for suppliers regardless of
scale. The Company actively supports the growth of small and
medium-sized enterprises (SMEs) and micro-businesses by optimizing
management processes and reducing operational costs. By providing
access to convenient logistics and financial services, Yiwu CCC
Quality Management System Certification Quality Management System Certification
stimulates market innovation and empowers its merchants. During the
reporting period, the Company maintained a perfect record of financial Certificate of Yiwu CCC Certificate of the Supply Chain Company
compliance, with no overdue accounts payable incidents for either the
Company or its subsidiaries.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Management Measures
Strategy Management Processes
Combining the competitive landscape of the small commodity trade industry, the trend of digital transformation, and
the Company's business layout, the Company has identified core risks and opportunities that are closely related to its
In conjunction with core businesses such as asset operations and commodity trading,
development. Risk regularly track the effectiveness of business operations and merchant feedback, and
Likelihood Identification collect internal and external information on industry policy changes, market competition
Risk/Opportunity Impact Expected
Risk/Opportunity of Response Measures adjustments, and shifts in consumer demand to comprehensively identify potential risks.
Description Period Financial Impact
Occurrence
The rapid rise of
cross-border
e-commerce and the
For the identified risks, assess the impact based on actual business operation scenarios,
improvement of Risk
Build a digital trade platform analyze the scope of the risks on service quality, market reputation, and business
low-end
and develop a model of Assessment advancement efficiency, and clarify the risk levels to provide a basis for formulating
manufacturing in
"physical market + industrial targeted response measures.
Market Southeast Asia are Medium
Decrease in belt + cross-border
Risk Competition diverting the market Medium to long
operating revenue e-commerce"; deepen digital
Risk share of low-end term
transformation and consolidate
small commodities in
the advantages of trade
Yiwu City, while the Establish key internal controls and ensure their effective operation by regularly
compliance services.
wholesale market is Risk inspecting asset status, tracking the entire business execution process, routinely
accelerating its Monitoring collecting customer feedback, conducting internal self-inspections, and cooperating with
transformation and external supervision to continuously monitor changes in risk.
competition.
Yiwu CCC drives
large industrial
clusters with small Strengthen the supply chain
Improve the relevant systems and processes for asset operation and business development,
enterprises, becoming service capabilities of the Risk implement special control measures for major risk issues, strengthen cross-departmental
the core carrier of a 'Trade Justice Chain'; expand
Management collaboration, promptly rectify identified problems, optimize service processes and
trillion-yuan small value-added services such as
operational models, and ensure that risk response measures are effectively implemented.
commodities trade Short, AI tools and cross-border
Market
hub, and is the trade medium, Increase in finance, and build a
Opportunity Leading High
service provider with and long operating revenue comprehensive trade service
Opportunity
the highest level of term ecosystem; connect with
digitalization, the best
business environment,
global cross-border
e-commerce platforms to
Indicators and Objectives
and the strongest establish quality merchant
trade performance cooperation bridges.
capability in the Objective Description Progress
country.
Shangtu Catering: Zero safety production and food hygiene safety incidents Achieved
The Company will conduct sustainable development management for
Impact, Risk, and Opportunity Management suppliers, promote the concept of sustainable development, and establish a In progress
sustainable development risk management mechanism for the supply chain.
Yiwu CCC identifies potential risks in business operations through measures such as improving the internal control
system, conducting multidimensional analysis and verification, and strengthening internal and external supervision. It
scientifically assesses risk impacts, continuously tracks risk dynamics, ensures effective risk management, and
guarantees stable product quality.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Improving Product Quality Product Quality Training
Yiwu CCC has implemented the "Standards into Market" work specifications, promoting the refinement,
Product Lifecycle Management standardization, and quality enhancement of small commodities through four strategic initiatives: "Highlighting
Shangtu Hotel has established a "Standardized Management Manual" to regulate the entire lifecycle management Standards, Benchmarking, Raising Standards, and Promoting Standards." During the reporting period, the Company
measures from procurement, storage, processing and handling, to store management, clarifying the responsibilities and conducted offline training sessions for operators across various market sectors to underscore the critical role of
job requirements of each responsibility area. industry standardization. These sessions focused on product standards and classifications, deepening operators'
understanding of standardization protocols and providing essential education on product safety and quality.
Lifecycle Stage Specific Control Measures
Adopt the "1+2+N" supplier model, regularly evaluate and eliminate
Procurement unqualified suppliers.
Phase Designated procurement with documentation verification, at least two
people jointly accept and check quantity, quality, and compliance.
Special Training on “Standard Special Training on “Standard Special Training on “Standard
Items are classified and shelved in the warehouse, stored away from walls and into Market” for the jewelry
off the ground, and managed in accordance with the first-in, first-out principle. into Market” in the Second into Market” in the Third District
industry in the First District
Cold storage and freezing equipment is operated by designated personnel, with District
Storage Phase raw and cooked items stored separately. Food additives are managed under the
"Five Specials" protocol, and waste oil is recycled in compliance with
applicable regulations.
Cleaning is managed using a color-coded system with dedicated tools, and
secondary acceptance inspections are conducted for all raw materials. Food is
cooked thoroughly to ensure the center temperature meets safety standards,
Processing Phase
with strict separation maintained between raw and cooked items. Dedicated
areas implement the "Five Specials" requirements and undergo daily UV
disinfection. Special Training on “Standard
Special Training on “Standard Special Training on “Standard
into Market” in the Forth District into Market” in the Fifth District into Market” in Yixi Market
Classify and store kitchen waste properly, ensure compliant disposal, and
Disposal Phase establish a disposal ledger.
Develop emergency plans for food poisoning and food delivery. Food Safety Testing Mechanism
Shangtu Hotel has established a "Standardized Management Manual" and set up a food safety inspection mechanism,
requiring suppliers to provide food inspection and quarantine reports and other compliance certificates. Purchasing
personnel, together with warehouse managers, conduct on-site inspections of sensory indicators such as color and
Staff must hold health certificates and undergo regular safety training.
freshness of ingredients, focusing on checking production dates, shelf life, and packaging integrity to prevent the entry
Full-process Equipment should be used by designated personnel only, maintained
of spoiled, deteriorated, or improperly labeled food into storage. During the reporting period, Shangtu Hotel entrusted
Guarantee regularly, and safety inspections should be conducted routinely.
a third-party testing agency to conduct rapid detection of organophosphate and carbamate pesticide residues in key
categories such as vegetables and fruits according to the GB/T 5009.199-2003 standard, ensuring that the test results
meet the standard requirement of pesticide residue inhibition rate <50%.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Product Recall Enhance Product Accessibility
Yiwu CCC does not directly produce products, but as the
main entity managing the market, it actively cooperates Payment Without Borders
with the market supervision bureau to fulfill its Finance is a key business that runs through the entire trade process and facilitates the smooth execution of the entire
responsibilities for collaborative product quality control chain. Yiwu CCC is dedicated to building the Yiwu Pay platform, fully utilizing the advantages of integrating financial
and establishes a standardized and orderly product recall licenses such as microloans, credit reporting, factoring, and third-party payments with market trade application
collaboration mechanism. When the Market Supervision scenarios, continuously expanding the scale of its main businesses including cross-border RMB, domestic payments,
Administration discovers or receives reports of quality and e-CNY, while strengthening the capability and level of smart financial empowerment in market trade. Yiwu Pay
and safety hazards in products sold in the market that do helps over 1.2 million market entities in Yiwu and 2.1 million small and micro enterprises in the upstream and
not meet national standards, Yiwu CCC assists in downstream achieve borderless payments.
verifying key information such as the business entity
and sales scope of the problematic products, and quickly
Breaking Language Barriers
communicates recall requirements through targeted On-site Training on Product Recalls Yiwu CCC is based on trade interactions with over 230 countries worldwide. To address the core development
notifications to merchants, ensuring product traceability. constraint of language barriers, it leverages technological innovation to solve cross-cultural communication challenges,
During the reporting period, the Company conducted special significantly enhancing the international accessibility of products. Relying on the Chinagoods platform to launch the
training for merchants on "Standard into Market," which world's first small commodity trade model, we are building a multilingual intelligent service system. Our AI products
included content related to product recalls. have achieved rapid switching and adaptation in 116 languages, supporting one-click conversion of Chinese videos
into multiple languages, and enabling business operators to instantly switch between eight languages in live streaming
scenarios, breaking language barriers in product display and commercial communication.
Strategy
Based on the trends in cross-border trade and the hotel industry, market competition patterns, and internal service
operations, the Company has identified customer service-related risks and opportunities.
Customer Service Management Risk/Opportunity
Risk/Opportunity
Description
Likelihood
of
Impact
Period
Expected
Financial Response Measures
Occurrence Impact
Governance Rising customer
expectations for response Strengthen professional
Market Operation Business Line Service
speed and resolution
efficiency are outpacing Decrease in
training for service personnel
to enhance problem-solving
To enhance market service standards, the Company's Board of Directors' Strategy and ESG Committee provides Risk Capability the current service team's Medium Short term operating abilities; allocate human
strategic oversight for customer service management, while the ESG leadership team drives its implementation across Risk capacity and processes, revenue resources reasonably to
all markets. Each market within the CCC Group has adopted the "Service Standards for Market Customer Service creating a risk of ensure service response
increased complaint during peak periods.
Centers", which designates the Market Customer Service Center as the central department for customer service
rates.
operations. In delivering customer service, the Company adheres to the four principles of "sincerity, consistency,
The inbound business
appropriateness, and proactivity", with the goal of achieving 100% customer satisfaction as its fundamental benchmark travel in Yiwu continues
for high-quality, efficient service. Explore value-added service
to grow, with
Market Short, scenarios to enrich service
'procurement tourism' Increase in
Hotel Business Line Opportunit Expansion
driving accommodation High
medium,
operating
content; integrate hotel
y Opportunit and long business with trade formats to
The hotels under the Company have established a customer service management system, and CCC Hotel has demand, and the revenue
y term create integrated service
consumer spending
formulated core documents such as the "Guest Feedback Collection Management System" and the "Guest Care products.
power of the clientele
Management System" to standardize the entire process of customer service management. By accurately addressing
remains stable.
guest needs, provide personalized care services for different types of guests such as repeat customers, OTA guests, and
VIPs, while recording guest preference information in the system to lay the foundation for subsequent service
upgrades.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Impact, Risk, and Opportunity Management
The Company effectively prevents and mitigates various risks in the service process through measures such as
Indicators and Objectives
clarifying service standards, standardizing business processes, improving complaint handling mechanisms, and
Objective
strengthening emergency response. At the same time, it seizes market opportunities by relying on standardized services
and value-added service expansions, ensuring stable service quality and enhancing customer satisfaction. Objective Description Progress
Management Processes Management Measures Yayue Hotel: Customer satisfaction score increased to 95 points by
In progress
Identify potential risks in the service process, such as business handling disputes,
Risk untimely responses to customer needs, and inadequate execution of service standards by Indicators
Identification staff. Based on the characteristics of service window operations, identify potential risk
points related to first inquiry responsibility and integrity self-discipline. Customer Service Performance
Indicators Unit 2023 2024 2025
Customer Service Training Participants person-time 18,998 16,560 19,034
Total Duration of Customer Service hour 1,889 1,720 1,645
Trainings
Classify and analyze collected customer complaints and service issues to preliminarily
Risk Customer Service Trainings session 1,890 1,498 1,598
determine the validity of the complaints. Evaluate the impact scope and severity of risks
Assessment based on business types (such as business transfer, renovation approval, etc.) and service
scenarios, and clarify key risk items for control.
Customer Service Management Initiatives
Customer Complaint Response Mechanism
Regularly summarize and analyze the handling of customer complaints and track the Market Operation Business Line
Risk effectiveness of service improvements. Monitor the implementation of staff service image,
Monitoring service language, and service discipline standards through daily service supervision and The Company places great emphasis on the standardized handling of customer complaints, having established
quarterly assessments. dedicated protocols such as the "96032 Emergency Handling Workflow" and the "96032 Call Center Work Standards."
These frameworks define clear processes and operational requirements for complaint resolution. The market service
hotline, 96032, serves as the primary channel for receiving complaints, ensuring immediate access to customer needs.
Furthermore, each market customer service center strictly adheres to the "Market Customer Service Center Service
Standards," rigorously managing the full lifecycle of complaint registration, investigation, root cause analysis, and
Develop and improve service standards and business processes, clarify the requirements rectification feedback to ensure efficient and effective resolution of customer demands.
Risk for the “Five Proactive” service, the primary responsibility system, and the commitment
Management handling system. Enhance staff etiquette training and job drills to improve service
capabilities and emergency response levels. Standardize file management and service
environment maintenance to strengthen the foundation of service risk management.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Customer Complaint Mechanism Increase Customer Satisfaction
Service Upon receiving a customer complaint, carefully document the details of the complaint and
Market Operation Business Line
Complaint promptly report to the responsible person. During the reporting period, the Company conducted a satisfaction survey to understand customer satisfaction and
Registration needs by distributing and collecting customer satisfaction questionnaires.
Indicators Unit 2023 2024 2025
Number of Customers Surveyed people 43,536 44,577 45,338
Service The responsible person will inquire with the parties involved to understand the reasons for
Customer Satisfaction % 94.02 96.15 97.60
Complaint the customer complaint, initially determine whether it is a valid complaint, and produce a
Investigation written investigation result to be reported to the Company in a timely manner.
Hotel Business Line
To accurately assess service quality and customer needs, the Company's hotel division conducts multi-channel
Based on the investigation of the complaint, provide corrective suggestions to the customer satisfaction surveys to comprehensively gather feedback. During the reporting period, the Hotel Management
Service
responsible personnel, promptly check the rectification situation, and prevent similar Company aggregated satisfaction data from various properties, collecting 3,700 valid samples through diverse
Complaint
complaints from occurring again. channels, including post-stay feedback, phone callbacks, and WeChat inquiries. This resulted in an overall satisfaction
Handling
rate of 96.51%, with key performance indicators showing continued improvement.
To further enhance satisfaction, the Hotel Management Company has launched "More Care," a core service concept
supported by a digital system. This customer-centric initiative deeply integrates humanistic care with technological
Timely communicate and provide feedback to the customer. After the complaint
empowerment, delivering a comprehensive upgrade to the overall service experience.
Communication investigation is completed, promptly inform the customer of the investigation and handling
and Feedback results via phone, and engage in effective communication with the customer. After
Case Digital Service System
Results accepting the customer's complaint, if a solution cannot be provided on the same day,
promptly inform the customer of the progress of the complaint handling and commit to a
follow-up response time. The hotel utilizes the Green Cloud digital system to
automate daily operational tasks such as reservation
management, check-in, and billing, thereby
Customer Complaint Performance improving work efficiency, as well as providing
intelligent customer service and self-service
Indicators Unit 2023 2024 2025
terminals, such as self-check-in, check-out, and
Number of Customer Complaints case 585 486 447 WeChat unlocking, making the customer's stay more
Number of Customer Complaints Resolved case 585 486 447 convenient. By improving operational efficiency,
optimizing customer experience, and reducing
Fingertip Canteen Visual Service Display Screen
Customer Complaint Resolution Rate % 100 100 100
operational costs, effectively promote the hotel's
Hotel Business Line digital transformation, facilitate sustainable
development, and enhance service quality.
The Hotel Management Company has established the "Customer Service Hotline Management System (Trial)" to
standardize the customer service hotline process. Upon receiving a complaint, customer service representatives record
key details, including the complainant's personal information, the nature of the complaint, and the time of submission, Smart Ordering and Settlement System
in the "Customer Complaint Handling/Follow-up Record Form" for subsequent processing and follow-up. Solutions
are provided to customers within the designated timeframe, and a satisfaction survey is conducted with the
complainant within 2 hours of the complaint's resolution.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Case Digital Service System
Information Security & Privacy Protection
Governance
The Company strictly adheres to laws and regulations such as the "Cybersecurity Law of the People's Republic of
China," the "Data Security Law of the People's Republic of China," and the "Personal Information Protection Law of
the People's Republic of China." It has developed systems like the "Data Security Management System," the "Network
Information Security Management System," and the "Lifecycle Security Management System for Network Information
Systems" to regulate the comprehensive management of network information security within the Group, ensuring the
safe, orderly, and stable operation of the Group's network information systems. It strengthens the control and compliant
Coffee Robot + Delivery Robot use of information data, builds a comprehensive data security assurance system, and effectively prevents security
Electric Curtains and Smart Alarm
incidents such as data leakage and theft. In addition, the subsidiary companies have formulated special systems such as
Clock the "Supply Chain Company Network Information Security Management System" and the "Import/Export/Supply
Merchant Capability Development Chain Company Digital Operations Department Work Management Regulations" to strengthen the standardized
To help market operators navigate digital transformation and strengthen their global competitiveness, the Company management of data, platform, and system user accounts and permissions, effectively preventing application and data
rolled out a comprehensive training series in 2025. These initiatives, designed to elevate the capabilities of trading security risks; at the same time, they have standardized and refined the management standards for the digital
entities, established a multi-dimensional empowerment system featuring targeted programs like AI boot camps, operations department's computer room to ensure the stable operation of core equipment such as servers and networks.
Wisdom Lecture Halls, and President's Lecture Halls. Over the course of the year, the Company hosted more than 450
The Company has established a network and information security leadership group led by the chairman and vice
sessions, reaching nearly 150,000 participants, a 240.06% year-on-year increase that underscores the program's
significant impact. chairman of the board, responsible for implementing the deployment and requirements of higher-level network and
The "Foreign Language Morning Exercise" project also saw a major curriculum upgrade, expanding beyond Business information security work, executing relevant laws and management measures, improving the Group's network
English to include Arabic, Spanish, and other less commonly taught languages. With over 200 sessions held annually information security system, and ensuring the safe operation of systems; coordinating emergency work related to
and participation exceeding 80,000, the project has garnered extensive coverage from more than 30 central media network and information security, cooperating with competent authorities for emergency response; conducting
outlets, including People's Daily and CCTV News, solidifying its status as a signature learning IP and cultural
inspections of network and information security work, gathering, analyzing, and assessing security information; and
hallmark of the Yiwu market.
carrying out publicity and education training on network and information security. During the reporting period, the
Company did not experience any incidents of information security or privacy breaches.
The Company will continue to enhance employees' awareness of information security and protective skills as an
important measure to strengthen the security defense line, regularly organizing network security and data security
education and training for key positions and all employees, aiming to reinforce employees' compliance awareness and
risk response capabilities through systematic knowledge transfer.
Case 2025 Annual Group Cybersecurity Training Conference
In March 2025, the Company convened a
President's Lecture Training Training in Chinagoods AI Training Camp
Group-wide Cybersecurity Training Conference. The
agenda covered the evolving security landscape, the
application of large security models, critical security
incidents, emerging data security paradigms, and
strategic assurance methodologies, supplemented by
case studies. Targeted at the Group's middle
management and department heads responsible for
security, the session featured external experts who
delivered centralized instruction on industry trends
and assurance strategies.
Trade Salon Scene Foreign Language Morning Exercise Training Cybersecurity Training Conference
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Strategy Assess the potential impact of data breaches based on the definitions of data security
Likelihood Expected levels (L1 Non-sensitive, L2 Sensitive, L3 Core). Promote important information systems
Risk/Opportunity Impact Risk
Risk/Opportunity of Financial Response Measures to complete the security level protection registration and evaluation, and assess the impact
Description Period
Occurrence Impact Assessment and losses of system service interruptions on business operations, completing the
Data and customer In accordance with the 'Network
classification and categorization of system assets.
privacy breaches will Information Security Management
violate information System', clarify that the heads of each
security-related laws department are the primary responsible
Increase
and regulations, Short to persons;
Compliance in
Risk regulatory agency and Low medium
Risk operating Regularly conduct special audits, carry The Digital Development Department will coordinate regular special inspections of data
customer audit term
costs out self-inspections and corrections to security, vulnerability scanning, and security penetration testing, and will regularly review
requirements, facing
risks of reporting, ensure compliance with legal Risk database operation logs. Each unit must monitor the operational status of network
legal litigation, or regulations, regulatory agencies, and Monitoring information systems for security, including network traffic, server performance, and
penalties. user audit requirements.
security device logs, and retain relevant logs for at least 6 months in accordance with the
Demonstrate the "Network Information Security Management System" requirements.
Company's Systematic promotion of the
responsible data Company's data classification
governance protection and approval framework
capabilities to For data of different levels, strictly implement the "Data Middle Platform Data Usage
established based on the 'Network
merchants, buyers, Information Security Management Approval Process" and enforce differentiated OA approval controls. Implement the
Increase
Customer and partners through Medium System' and 'Data Security principle of least privilege and strengthen account security management. Execute regular
in Risk
Opportunity Trust public, transparent, High to long Management System'. backup strategies for important systems and core data, and conduct regular data recovery
operating
Opportunity and strict data term
revenue
Response drills. Establish an emergency response mechanism to classify and handle security
security and privacy Actively consider introducing
third-party certifications such as incidents. At the same time, enhance the overall risk prevention awareness and capability
protection policies
and practices, information security management of all employees through measures such as signing confidentiality agreements and
enhancing customer systems (e.g., ISO27001) to objectively conducting security training.
loyalty and brand verify management effectiveness.
reputation. Indicators and Objectives
Indicators
Impact, Risk, and Opportunity Management Indicators Unit 2025
Management Processes Management Measures Number of training sessions on data security and customer privacy session 217
protection
Number of participats in data security & customer privacy protection people 3,306
The Company implements data classification and categorization (L1/L2/L3) to identify practices and trainings
sensitive data assets across various business domains, including Chinagoods, marketing, Employee coverage rate of data security & customer privacy % 100
Risk and hospitality. We conduct security modeling and analysis during the system initiation protection practices and trainings
Identification phase to systematically identify potential threats to components, interactions, and data
flows, such as information leakage and data tampering. Additionally, all units are required Total investment in data security RMB million 5.8820
to establish and maintain an asset inventory for network information systems, clearly
designating asset owners.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
During the reporting period, the Company implemented a regular safety monitoring and auditing mechanism, engaging
Objectives third-party professional organizations to assist in the Group's daily cybersecurity operations and testing. These
institutions conduct monthly security tests on the Group's network systems, covering core platforms such as the
Objective Description Progress
Standard Market management backend, the CCC Group shop management system, and the Yixingo management
Completing the deployment and construction of new infrastructure such as global digital Achieved backend. Upon completion of testing, the third-party organization provides a report detailing system vulnerabilities
trade center WIFI 7, 5G-A, and cross-border networks and remediation recommendations. The Company then mandates that responsible departments address high-risk issues
Completing the connection between the data middle platform and various business Achieved within a specified timeframe.
system interfaces
Zero major cybersecurity incidents Achieved
Emergency Management
To effectively address potential network and information security emergencies, the Company has formulated the
"Emergency Response Plan for Network and Information Security of CCC Group" and the "Network Information
Information Security Management Measures Security Plan of Supply Chain Company". These plans, grounded in relevant laws and regulations such as the
"National Emergency Response Plan for Network and Information Security Incidents" and the "Cybersecurity Law of
Regular Information Security Assurance Measures the People's Republic of China", clearly define incident grading standards, the emergency organizational structure, and
comprehensive response procedures. This framework aims to ensure rapid response and coordinated handling during
emergencies, thereby minimizing losses and safeguarding information security. The Company has established a system
Technical Protection System Supply Chain Security Management of regular emergency drills to test defensive capabilities through practical exercises and foster continuous
The Company has deployed multi-layered technical The Company extends data and information improvement.
measures, including dedicated and physically security requirements to suppliers and business
isolated computers for processing sensitive data, partners, requiring third-party units involved in Case Group Network Attack and Defense Drill
implementing dedicated account management, least system development and operation to sign
privilege, and strong password policies for all confidentiality agreements, and requesting them to In August 2025, to comprehensively assess the effectiveness of the security protection system, the
information systems, as well as deploying firewalls provide security audit reports during project Company organized a real-world attack and defense drill covering 10 secondary companies and over
and other devices at the network boundary, acceptance, while establishing assessment 260 information systems across the Group. This drill simulated real attack scenarios, with an external
regularly updating patches, and retaining mechanisms for operation and maintenance units. red team conducting penetration testing, while the internal blue team was responsible for monitoring
and defense. The drill exposed risks including weak passwords and high risks of lateral penetration
operational logs for at least six months for auditing.
within the internal network. Through this drill, the Company not only objectively assessed its own
Measures for
cybersecurity risk situation but also formulated targeted improvement measures based on the drill
Information
report, including vulnerability remediation, password management, and enhancement of the
Security &
monitoring system, effectively improving overall emergency response and deep defense capabilities.
Data Privacy
Core Data Backup Backup Verification and Emergency Preparedness
The "Data Security Management System" To ensure evidence backups remain reliable and
requires that units deploying information available in extreme scenarios, the Company has Customer Privacy Protection
systems regularly back up important systems established a rigorous verification and drill The Company prioritizes customer privacy and data rights, treating customer information as a core asset. The
and core data to ensure the continuity of critical mechanism. This initiative not only mandates the "Chinagoods Privacy Service Terms" serve as the core policy for the Company's management of consumer privacy,
business operations. The "Network Information "regular verification of the security and clearly stating the privacy protection declaration, adhering to the principles of legality, fairness, necessity, and
System Lifecycle Security Management effectiveness of backup information" but also minimization, and detailing the collection, use, storage, sharing, and protection measures for personal information. At
System" further requires operational units to includes routine emergency drills for cybersecurity the same time, the Company has supporting documents such as the "Data Use Security Confidentiality Agreement,"
regularly perform backups of information incidents. These drills are designed to test data clarifying data security compliance requirements during cooperation with third parties. In practical terms, the
systems and business data, and to periodically recovery processes, thereby effectively ensuring Company employs encryption technology, SSL/HTTPS protocols, and other technical measures to ensure the security
verify the security and effectiveness of the business continuity. of data transmission and storage, strictly limiting customer data storage to within China, while also refining data access
backup information.
permissions, clarifying data retention periods, and binding suppliers and partners to data security responsibilities
through compliance contracts, ensuring the security and compliant use of customer data through systematic
management across its entire lifecycle.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
BUILD DREAMS FOR
EMPLOYEES
GIVE BACK TO SOCIETY
We place a high priority on safeguarding employee rights and
interests, steadfastly upholding the philosophy of "fostering
employee growth and serving the business entity." We are
committed to enhancing our compensation and benefits framework,
establishing a comprehensive training system, safeguarding
employee well-being, and cultivating a diverse, inclusive, and
dynamic workplace. Beyond our internal focus, we actively
embrace our social responsibilities by participating in public welfare
initiatives, supporting rural revitalization, fostering local economic
development, and giving back to society through tangible actions.
? Employee Rights Protection ? Occupational Health and Safety
? Employee Training and Development ? Rural Revitalization and Social Contribution
Response to SDGs
Good Health and Quality Gender Equality Decent Work and
No Poverty
Well-being Education Economic Growth
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Employee Rights Protection
Recruitment and Employment Employee Structure
Total number of employees: 3,306
Employee Recruitment Channels
The Company comprehensively utilizes three methods to introduce talent: unified recruitment by the Group, 285
market-oriented selection, and auxiliary recruitment. For employees in different job categories, establish differentiated 1,879 1,427 908
recruitment methods: unified recruitment through the Group's SSC Recruitment Center as the main way to introduce
grassroots employees, with strict selection of talents through professional skill written tests and diverse interviews to
ensure the quality of new employees; use market-oriented selection methods to attract high-level management, By gender By age
operational, and technical talents, promoting the transformation of the workforce from quantity-oriented to group
quality-oriented, and from managers to service providers; auxiliary recruitment mainly targets low-threshold, 852 1,261
high-mobility positions, conducted independently by property management, hotels, and other companies.
Group Recruitment Channels Male Female Under 30 (not including 30)
Online recruitment announcements are actively published through the official WeChat 40-50 (including 40, not including 50)
Unified account of the mall group, and the announcements are forwarded by the municipal media
Recruitment WeChat account and third-party assessment agency WeChat accounts. Recruitment
information for fresh graduates is published on university employment information websites.
Channels
Offline recruitment information is published through recruitment centers and participation in 15 129 135
university job fairs.
By
By job
education
level
Online recruitment information is published on platforms such as Liepin, Boss Zhipin, level
Market-Oriented 1,418
Zhejiang Talent Network, and Yiwu Talent Network. 3,162 1,753
Recruitment Offline recruitment information is published through recruitment centers.
Channels
Executives Managers Postgradu Undergra Junior
ate duate college and
Other employees
In 2025, the Group conducted three rounds of unified below
recruitment and two market-oriented selection activities, 372
offering 64 positions and hiring over 250 employees. Upholding
the principle of fair employment, the Group established 380
positions such as "Safety Administrator" and "Call Center
Operator" specifically for veterans and persons with disabilities, 170 Dispatched Workers: 245
By job
recruiting two individuals for these roles. Additionally, category Ethnic Minority Employees: 39
preferential hiring criteria for veterans were defined for key Employee Recruitment Examination 145 Employees with Disabilities: 6
positions, including "Emergency Response Team Members," 1,308 Veteran Employees: 112
demonstrating the Group's active fulfillment of its social
Female Representation in Management: 22 %
responsibilities as a state-owned enterprise.
Production Tech Sales Employee Turnover Rate: 14 %
Finance Admin Security
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Hierarchical and Classified Employee Compensation Structure
Human Rights Protection
Personnel Categories Compensation Content Compensation System
The Company is committed to creating a harmonious, inclusive, and human rights-respecting work environment,
adhering to the principles of "openness, fairness, and justice". It strictly complies with the provisions of the "Labor Middle and Senior Base Salary + Performance Salary + Communication Annual Salary System
Law" and the "Labor Contract Law" during recruitment and employment processes, firmly opposes child labor and any Management Allowance + Special Award
form of forced labor, prohibits all forms of discrimination, and ensures that every employee and applicant enjoys equal Front-line Managers Position Skill Salary + Monthly Assessment Award + Structured Salary System
rights and opportunities regardless of gender, race, religion, disability, or other factors. During the reporting period, the Allowances + Performance Award + Special Award
Company did not encounter any incidents of employment discrimination, child labor, or forced labor, achieving a 100%
Marketing Personnel Position Salary/Base Annual Salary + Sales Commission + Commission System
labor contract signing rate.
Special Award
Measures for Human Rights Protection Technical and R&D Base Salary + Benefit Salary + Technical R&D Commission Annual Salary System
Personnel
General Employees Position Skill Salary + Monthly Assessment Award + Structured Salary System
Allowances + Performance Award + Special Award
Diversity, Equity, and
Anti-Forced Labor
Employee Benefits
Inclusion
To enhance employees' sense of belonging and team cohesion, and to attract and retain outstanding talents in the
The Company establishes fair To safeguard employees' legal industry, the Company provides generous benefits to its employees. During the reporting period, the employee social
hiring standards and does not right to rest, the Company has
impose discriminatory established the Employee Leave insurance coverage rate was 100%.
restrictions based on ethnicity, Prohibition of Child Labor Management Regulations,
disability, etc., during the which clearly define working
During the recruitment process, Employee Protection Employee Leave
recruitment process. The hours and leave policies. The
a comprehensive background Five insurances and two funds, Paid annual leave, statutory paid holidays,
Company actively fosters an Company adheres to a standard
check is conducted on
ethnically friendly workplace five-day, 40-hour workweek. annual health check-ups, labor marriage leave, maternity leave, bereavement
prospective employees,
environment, fully respecting However, depending on protection supplies, group accident leave, nursing leave, parental leave, only
including but not limited to
employees' ethnic customs and operational requirements, insurance, etc. child leave, paid sick leave, home leave, etc.
identity verification,
religious beliefs. The Company employees may be subject to
authenticity of educational
continuously builds an rotating shifts, or alternative
qualifications, and verification Employee
unobstructed and inclusive systems such as piece-rate,
of work history. Benefits
work environment to ensure hourly, or comprehensive
that employees with disabilities working hour schemes. System
enjoy equal development rights. Employee Benefits Employee Care
Birthday benefits, only-child allowance, Holiday care, condolence care, retirement
recuperation benefits, housing allowance, care for long-serving employees, illness care
spring and autumn outings, meal subsidies, for employees, assistance for employees in
Compensation and Benefits Management heatstroke prevention allowance, childcare need, condolences for weddings and funerals,
allowance, home leave travel allowance, childbirth condolences, etc.
Employee Compensation
etc.
Adhering to the principle of "merit-based employment and performance-driven rewards," the Company has developed
a robust, performance-oriented compensation system aligned with our strategic growth. Through the "CCC Group
Compensation System," we have implemented a diversified framework to provide targeted incentives across various
job functions. Furthermore, the Company offers group-wide performance awards and business incentives to recognize
employees and teams that deliver breakthrough contributions, demonstrate exceptional value, or achieve outstanding
results throughout the year.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Case Meal Subsidies Equity Incentive
To further fully mobilize the enthusiasm, sense of responsibility, and mission of the Company's directors, middle and
In 2025, the Company implemented a dining subsidy policy for the cafeteria, upgraded the payment
system for the "CCC VIP" membership, and established personal subsidy accounts. Subsidy fees are senior management personnel, and core technical (business) backbone employees, and to focus on the Company's
deposited into these accounts regularly each month, implementing a dining cost structure of "133" long-term development, the Company launched the "2020 Restricted Stock Incentive Plan" for the first time in October
(where the main account is charged: 1 yuan for breakfast, 3 yuan for lunch and dinner, and any 2020, implementing an equity incentive plan to stimulate the enthusiasm and creativity of the Company's employees.
remaining meal costs are deducted from the subsidy account first), benefiting over 3,306 employees. In 2025, the Company steadily advanced its equity incentive plan, with the first grant of restricted stock under the 2020
restricted stock incentive plan unlocking part of the restricted stock for the third release period and the reserved grant
of part of the restricted stock for the third release period.
Performance Appraisal Management
The Company has established a comprehensive performance management system for all employees, strengthened the Democratic Management and Communication
application of performance appraisal results, formed a standardized and effective incentive and restraint mechanism,
and improved employee work efficiency.
Employee Representative Assembly and Trade Union
The Company implements a comprehensive assessment for all employees, focusing Yiwu CCC continuously strengthens employees' sense of ownership, deepens their recognition and sense of belonging
Appraisal mainly on job responsibility fulfillment, work attitude, and work ability. During the to the Company culture, and builds a more harmonious and close-knit working community. The Company establishes
reporting period, 100% of employees regularly underwent performance and career and improves the management mechanism of labor unions and employee representative assemblies in accordance with
Method
development assessments. relevant regulations such as the "Trade Union Law of the People's Republic of China" and the "Regulations on
Democratic Management of Enterprises," serving as a bridge to promote two-way communication and deepen
cooperation and win-win outcomes between employees and the enterprise.
Assessment results are categorized into different levels; During the reporting period, the number of projects approved by the employee representative assembly was 9, the
A performance appraisal results registration system is established, with results recorded number of projects approved by the labor union was 10, and the number of union members was 3,195.
Appraisal
annually;
Result Appraisal results are linked to promotions, performance bonus distribution, and selection for Case The 10th Member Representative Assembly of the CCC Group Trade Union
awards. was successfully held.
On October 25, 2025, the 10th Member
Representative Assembly of the CCC Group
Departments Responsible for Performance Feedback and Appeals: Trade Union was successfully convened. The
Feedback and Handling Department: The employee's direct supervisor and the office of the meeting reviewed and approved the work
unit. The direct supervisor is responsible for conducting performance discussions and report and the financial audit report of the
feedback, while the unit office is responsible for providing policy support and handling 9th Trade Union Committee, and elected a
appeals. new Trade Union Committee, Financial
Supervisory Department: Group Human Resources Center. If an employee is dissatisfied Audit Committee, Women’s Committee, and
with the unit's handling results, they can file a formal appeal to the Group Human Resources Labor Law Supervision Committee. In
Performance addition, the trade union and the enterprise
Center.
jointly signed four contracts: the
Feedback “Comprehensive Collective Contract,”
and Appeals Performance Feedback and Appeal Process: “Special Collective Contract on Wages,”
After the assessment, the employee's direct supervisor will have a one-on-one “Special Collective Contract on Labor Safety
communication with the employee to reach a consensus on the appraisal results or clarify any and Health,” and “Special Collective
differences. If the employee does not agree with the discussion results, they can submit a Contract on the Protection of Women’s
The 10th Member Representative Assembly of
written appeal to the unit office within 3 working days, and the unit office will complete Rights and Interests.”
coordination within 7 working days and provide handling opinions. If the employee still the CCC Group Trade Union
disagrees with the unit's handling opinions, they can file a formal appeal to the Group
Human Resources Center within 5 working days after receiving the opinions.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Employee Communication and Interaction Employee Satisfaction Survey
Diverse Communication Channels At the Group Level
The Company facilitates communication and information exchange among employees, encouraging equal dialogue The Company places great importance on employee satisfaction and continuously monitors changes in this area. We
between employees and between superiors and subordinates, creating a good environment for employee participation regularly conduct satisfaction surveys to understand employees’ actual needs, assess the work environment and team
in democratic decision-making, democratic management, and democratic supervision, and safeguarding employees' dynamics, and take targeted actions to optimize HR management. At the beginning of each year, the Group’s Human
rights to know, participate, and other legal rights. The Company has established a comprehensive information Resources Department surveys a sample of front-line employees and develops corresponding action plans for areas
management system, allowing employees to communicate and exchange information through public accounts, with low satisfaction. The survey spans multiple dimensions, including overall satisfaction, sense of achievement,
corporate WeChat, colleague forums, and the Company's internal website. In addition, employees can communicate recognition and respect, compensation and benefits, work environment, training and development, communication and
with senior leaders through various channels such as seminars, the chairman's email, the union chairman's email, teamwork, management and innovation, employment mechanisms, corporate culture, and future development.
discussions in the mall, monthly meetings, and annual work meetings.
Indicators Unit 2023 2024 2025
Complaints and Reasonable Suggestions Grassroots Employee Satisfaction Score minute 89.10 90.05 90.15
Employees can file complaints to the relevant parties or departments when their interests are infringed upon or when
they discover violations of company regulations. If the complainant does not agree with the resolution proposed by the
respondent or the department being complained about, the complaint will be escalated step by step, and the Group's
Discipline Inspection Office will be responsible for supervising and inspecting the execution of the complaint and its
Hotel Business Line
handling. The Hotel Management Company values employee care and team building, establishing a regular employee
The Company encourages employees to make reasonable suggestions, and the Group office is responsible for satisfaction survey mechanism. Each year, it systematically summarizes the employee satisfaction survey results from
collecting these suggestions and ensuring that the information is accurately conveyed. various hotels and produces a special analysis report. During the reporting period, Hotel Management Company
conducted a comprehensive satisfaction survey among employees of its hotels, collecting a total of 1,322 valid survey
responses. After unified compilation, statistics, and analysis, the overall employee satisfaction rate reached 92.86%.
Group OA System: HTTP://OA.CCCGROUP.COM.CN
Group Human Resources Information Management System:
HTTP://HRNEW.ONCCC.COM Guest Satisfaction Rates Across Various Hotels
Group Office Phone: 0579-85182800
Group Discipline Inspection Office Phone: 0579-85182798
Group Human Resources Center Phone: 0579-85581281
Labor Relations Management
Labor Dispute Resolution Termination and Dismissal Management
Employees must submit their resignation application 30 days
For any labor disputes arising
in advance. If an employee leaves without notice for more
during the term of the labor
than the stipulated days, it will be considered as voluntary
contract, employees can file a
resignation if the employee leaves without the Company's
complaint through the prescribed
consent or is transferred to work outside the Group. If we Yourworld Yandoo Ocean Expo CCC Hotel Yayue Liming
procedures to their superiors or
need to terminate or dissolve the labor contract with an Hotel Hotel Hotel Center Hotel Lake
the human resources management
employee, we will strictly negotiate in accordance with labor Hotel Hotel
department, and the Company
laws and regulations, and provide legal compensation as
will handle it properly according
required by law.
to relevant regulations.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Employee Care Protection of Women's Rights
The Company is deeply committed to the physical and mental well-being of its female employees, safeguarding their
Employee Activities legal rights and interests. We strive to cultivate an inclusive and supportive work environment where every female
The Company always adheres to a people-oriented philosophy, plans and organizes diverse team-building and cultural employee feels valued and respected, empowering them to thrive in their careers. Female employees are entitled to
activities to enhance communication and collaboration among employees, enrich their leisure lives, and create a maternity leave, family planning leave, breastfeeding leave, and other statutory female-specific leave benefits, as
harmonious and positive work atmosphere. well as exclusive leave on International Women’s Day. Furthermore, the Company organizes a variety of activities on
International Women’s Day to celebrate and honor our female workforce. During the reporting period, a total of 59
employees took parental leave, achieving a 100% return-to-work rate.
Talent Show Competition E-sports Competition Singing Competition
Women’s Well-being Program
Tennis Match Cultural and Arts Festival Dance Competition
Employee Assistance
The Company actively conducts employee care activities, sending warm wishes and gifts to employees, visiting and
assisting those in need, allowing employees to deeply feel the warmth and care of the Company.
Women’s Legal Awareness Program
Spring Festival Employee Care Program Summer Heat Relief Program
Assisted Employees in Need: 20 Financial Assistance to Employees in Need: RMB 60,000
Holiday Celebrations for Women
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Internal Selection Channel
Employee Training and Development The Company has formulated the "Management Measures for the Selection and Appointment of Grassroots
Management Personnel in Subsidiary Units" to strengthen the management of the selection and appointment of
Talent Development Concept grassroots management personnel in subsidiary units of the Group, promoting the standardization and
institutionalization of cadre team management.
Yiwu CCC regards human capital as its most valuable asset, continuously improving its training and assessment
system, and enhancing employees' professional skills and qualities through the accumulation, dissemination, Selection Criteria
application, and innovation of knowledge, experience, and abilities, providing each employee with a personal career
When selecting and appointing grassroots management personnel, the Company comprehensively assesses both the
development plan to achieve mutual growth for employees and the Company.
basic conditions and qualifications of employees.
Career Development Path Selection Criteria
Employee Development Path Demonstrate strong political integrity and sound moral character. Adhere to professional
standards, maintain honesty and integrity, strictly comply with laws and regulations,
The Company has established a dual-track career development system (management and technical tracks) to help exercise strict self-discipline, and possess a strong sense of organizational discipline and a
employees align their personal development goals with the Company’s talent needs. Furthermore, to accommodate big-picture perspective.
Basic
diverse career aspirations, the Company provides opportunities for cross-track mobility, allowing employees to Fully embrace the Group’s corporate culture and values. Be willing to take on
transition between different career paths. Conditions
responsibilities, demonstrate a strong drive for one’s career, work diligently and
proactively, and enjoy a good reputation among peers.
Management Track Technical Track
Exhibit solid organizational and leadership skills. Possess the requisite knowledge and
work experience for the target level, with a performance appraisal rating of “Good” or
Group Middle
above.
Management
Level
Qualification Qualification criteria cover multiple aspects such as age, education, and work experience,
Vertical Promotion & Demotion Criteria and specific standards are set with differentiation based on the characteristics of different
positions.
Department
Lateral Transfer Manager Level
(Formerly G1, G2)
Unified Personnel Management Selection Method
Supervisor Level
(Formerly G4) The selection methods for grassroots management personnel include competitive selection and direct selection.
Team Leader Level Competitive Selection Direct Selection
(Formerly G5)
If effective competition cannot be achieved
Employee Level (Formerly G6) For newly available management positions, if due to factors such as candidate volume or
the number of eligible candidates exceeds the specific job requirements, but suitable
number of vacancies, a competitive selection candidates are available, a direct selection may
process will be implemented. be made subject to approval by the unit’s
leadership team.
Career Development Pathway
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Employee Training Measures "CCC Cloud Classroom" Online Learning Platform Construction
In 2025, the Group achieved full deployment of the “CCC Cloud Classroom” online learning platform to
To promote the Group's strategic transformation and rapid business development, and to strengthen the support of the
systematically upskill employees at all levels. All employees were required to complete a minimum of 40 online
Group's talent team, CCC Group is creating human resource brand IPs such as the Hatching Plan, Five Eagles Class,
learning credits throughout the year.
Fengyu Plan, Qiangyu Plan, and Zhixiang Platform, establishing a comprehensive training system covering the entire
career lifecycle of group employees, continuously driving the high-quality development of the Group's human During the year, the platform engaged 2,731 active learners across a catalog of 620 courses. Employees logged a total
resources. In 2025, the total investment in employee training by the Company was RMB 1.6221 million. of 52,149.35 learning hours, averaging approximately 19.73 hours per person. Furthermore, various departments and
subsidiaries published 3,029 course assignments via the platform, achieving a training coverage rate of 97.11%. These
courses primarily focused on leadership management, risk prevention, functional skills, and professional
competencies.
The platform’s “Internal Courses” section was also upgraded, now hosting 334 courses covering topics such as Group
Strategy, New Business Sectors, Corporate Culture, Train-the-Trainer programs, and Safety Production. Notably, a new
“Core Business Sharing” module was integrated into the onboarding program. This initiative accelerates new hires’
understanding and integration into the Group, providing them with broader avenues for professional development.
Internal Trainer Team Development
The Group’s internal trainer team enhances their facilitation skills through a “learning by doing” approach, acting as
enablers by conducting various internal training sessions. Throughout the year, they delivered 23 training sessions,
reaching approximately 1,300 participants.
Special Training Programs
"Hatching Plan" New Employee Onboarding Training
Offline
"Five Eagles Plan" Management Position Competency Series Training
Programs "Fengyu Plan" Newly Promoted Management Personnel Series Training
Group Employee Full Career Lifecycle Training System "Qiangyu Plan" Outstanding Management Personnel Series Training
Indicators Unit 2025
Employee training coverage rate % 100
New Employee Onboarding Training
Number of training sessions for employees session 800
Total number of training participants person-time 9,918 The onboarding training for new employees is conducted
Total training duration for employees hour 112,404 through a combination of military-style training, internal
Average annual training duration per employee hour 34 lectures, visits to core business sectors of the Group, fire
safety training, and practical exercises, helping new
employees quickly adapt to their new roles, familiarize
themselves with the new environment, and integrate into
the new team. New Employee Onboarding Training
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
"Fengyu Plan" Training for Newly Promoted Managers Support for Educational Advancement
To enhance the leadership capabilities and management To improve employees' educational levels and professional qualities, the Human Resources Center actively promotes
proficiency of newly promoted grassroots managers and educational advancement, selecting professional institutions to provide high-quality educational enhancement services
to underpin the Group's strategic transformation and for employees, and disseminating registration information through internal channels such as company’s work groups.
business expansion, the Human Resources Center is Since 2023, the Group has served a total of 70 employees.
launching the "Fengyu Plan" in 2025. Based on insights
from preliminary surveys, the program features targeted During the reporting period, the Human Resources Center collaborated with Renmin University of China, the Open
coursework designed to facilitate a seamless transition University of China, and Chunhua Education to expand channels for academic advancement. This year, a total of 10
into new roles and ensure immediate competency. employees applied for educational advancement programs (including 4 graduate students from Renmin University of
Furthermore, the initiative extends beyond the classroom China and 6 college students from Chunhua Education), effectively promoting the optimization of the knowledge
by providing post-training guidance, ensuring structure and the enhancement of the overall quality of the employee team.
participants effectively master and apply essential Training for Newly Promoted Grassroots Managers
management tools in their daily operations.
"Qiangyu Plan" Training for Outstanding Managers
Occupational Health and Safety
The Group's Human Resources Center is launching the Health and Safety Management System
targeting high-potential individuals recommended from Guided by the philosophy of "safety first and prevention foremost," the Company strictly adheres to the "Production
across the organization. Adopting a holistic model of Safety Law" and "Occupational Disease Prevention Law" of the People's Republic of China. We rigorously implement
"multi-dimensional empowerment, project research, and the protocols outlined in the "CCC Group Comprehensive Governance, Fire Safety, and Production Safety Work
mentor guidance," the curriculum encompasses political Manual" to cultivate a secure working environment for all employees.
education, strategic business learning, online
To institutionalize this commitment, we have established a robust Safety Production Committee chaired by the Group
assessments, team building, benchmarking visits, and
Party Secretary and Chairman. Supported by a dedicated Work Safety Department and subsidiary management units
intensive empowerment sessions. This initiative is
across markets, hotels, and parks, the Committee oversees the coordination and supervision of all safety initiatives. We
designed to unlock the potential of our emerging
further reinforce accountability by integrating safety performance into management assessments, directly linking
leaders, fortify the Group's talent reserve, and provide
safety outcomes to corporate benefits. Underscoring these efforts, the Supply Chain Company achieved ISO
the essential human capital required for sustainable Group Youth Backbone Talent Training Program 45001:2018 certification for its occupational health and safety management system during the reporting period.
development.
Enhancing Capabilities for Middle and Senior Management Main Responsibility System for Safety Production
In 2025, the Group dispatched 38 middle-level and key personnel to Alibaba for an immersive study of AI business The Company implements a safety responsibility system for all employees, establishes and improves a grid
applications and digital management practices, significantly broadening their strategic horizons. Complementing this, management system, signs safety production responsibility agreements at all levels, and tightens safety responsibilities.
we encouraged units to conduct independent benchmark learning tailored to their specific operations. Additionally, the By the end of 2024, the Group will formulate the "2025 Comprehensive Governance, Fire Safety, Anti-Terrorism,
Group distributed 340 classic management textbooks to foster self-directed learning among senior managers, Petition, and Safety Responsibility Agreement," completing the signing of a total of 478 safety responsibility
systematically enhancing core competencies in strategic thinking, effective delegation, and team building. agreements with various companies through a tiered signing process.
Goals and Planning
Objective Description Progress
in the Group’s annual work safety performance.
accidents. This goal is driven by a focus on closing capability gaps, driving continuous
improvement, and proactively preventing incidents.
Visit to Benchmark Enterprise
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Maintain Safety Defense Line Emergency Plans and Drills
The Group has established a dedicated Emergency Rescue and Disaster Relief Leadership Team, underpinning its
Safety Hazard Investigation preparedness with comprehensive protocols such as the "Fire Alarm and Fire Emergency Response Plan" and the
The Company conducts safety inspections throughout the year to promptly identify and eliminate various safety "Flood Prevention and Drought Relief Emergency Plan." These plans clearly define response workflows,
hazards, preventing accidents. A total of 1,230 safety hazards were identified, with a 100% rectification rate. responsibilities, and rescue measures to guarantee swift and orderly action during crises. Complementing these
frameworks, the Group actively conducts emergency drills and rigorously evaluates their effectiveness. By
Post-holiday systematically addressing issues identified during these exercises, we continuously enhance organizational resilience
The Group's Work Safety Department organized inspections of the implementation of the
Resumption of Work “Six Ones” and the “First Lesson of Work” for various companies and construction and employee readiness, providing a solid foundation for the Company's safe and stable operations.
and Production Safety projects under its investment.
Inspection Case Forth District Market Emergency Drill
On July 16, 2025, the International Trade City Forth District Branch conducted a fire alarm and fire
The Group's Work Safety Department conducted the first quarter safety inspection accident emergency drill to enhance the emergency response and rapid reaction capabilities of all
Group's First Quarter
assessment, focusing on key aspects such as responsibility implementation, work
Safety Inspection personnel, ensuring the safety of life and property and maintaining market stability.
execution, management of “nine types of small venues”, and management of fire safety
Assessment facilities and equipment.
Case Fifth District Market Emergency Drill
To effectively prevent electrical safety accidents, the Group organized a special
Group's pre-May electrical safety inspection before the May Day holiday according to the annual safety To strengthen safety production and fire safety management at the Fifth District Market, prevent fire
work plan. The inspection focused on the operation and management of electrical
Day Inspection alarms and fire accidents, and ensure safe market operations, the International Trade City Fifth District
facilities and equipment, as well as random checks on the daily maintenance of some
elevators. Branch conducted a fire alarm and fire emergency plan drill on October 30, 2025, to improve the
emergency response capabilities of all personnel and test the coordination and handling capabilities of
various departments.
The Group's Work Safety Department organized a semi-annual safety inspection
Group's Safety assessment, focusing on key aspects such as response, maintenance of information on the
Assessment for the safety digital platform, implementation of directives, safety control of ongoing projects,
First Half of 2025 emergency drills, and nighttime operations.
The Group's Work Safety Department organized key personnel from fire control,
Group 2025 engineering, and other relevant specialties to conduct safety inspections for subordinate
National Day units before the National Day holiday. The inspections covered 18 key units under the
Group, focusing on core aspects such as fire safety equipment, electrical facilities,
Safety Inspection
on-site safety order management, responsibilities, and work implementation. Safety
Before the Holiday hazards were identified through on-site checks, equipment testing, and reviewing
records.
Group Year-End According to the annual safety production work plan, the Group's Work Safety
Department organized year-end safety inspections for subordinate units, covering 37 units
Safety Inspection for
and departments.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Occupational Health Management
The Company pays great attention to the health of its employees, Stakeholder Safety Management
strictly adhering to the "Occupational Disease Prevention and To strengthen safety management for relevant parties, the
Control Law of the People's Republic of China" and the Company has formulated the "Market Construction
"Occupational Health Supervision and Management System in the Safety Management System," signed the "Market
Workplace," implementing various protective measures, providing Construction Safety Agreement" with construction units,
medical insurance and annual health check-ups as safety guarantees, and conducted centralized safety training for construction
standardizing the procurement, management, and distribution of personnel to prevent and control various safety accidents,
labor protection supplies, ensuring their effective use, and reducing ensuring that construction proceeds safely and orderly.
the risks of occupational injuries and diseases.
Pre-job Training for Operators
Indicators Unit 2025
On-site warning sign images Investment amount in safety production RMB million 25.6014
Safety Promotion and Training Number of safety production accidents case 0
Number of work-related deaths people 0
The CCC Group places a high priority on cultivating a robust safety culture to heighten safety awareness across the
Total work injury count people 0
organization. We regularly organize flagship initiatives such as “Work Safety Month” and “Fire Safety Promotion
Month.” Through these efforts, we are gradually developing a distinctive safety culture framework, laying a solid Workdays lost due to occupational injuries day 0
foundation for the sustainable and stable growth of the enterprise. Total investment in safety training RMB 118,000
Safety education training sessions session 496
Number of participants in safety education training person-time 13,200
Total duration of safety education training hour 23,000
Certification rate of special operations personnel % 100
New occupational disease cases case 0
Training on Basic Knowledge of Work Safety Technology
Training on Firefighting Skills
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Rural Revitalization and Social Contribution Indicators Unit 2025
Number of local employees hired people 2,342
Social Contribution Proportion of local employees hired % 70.84
Social Welfare
While achieving its own steady development, the Company never forgets to practice corporate social responsibility, Rural Revitalization
dedicating itself to social welfare and charity. It actively engages in public welfare activities such as educational
The Company thoroughly implements the major strategic deployment of the 20th National Congress of the Communist
assistance, charitable donations, and holiday visits, demonstrating love through practical actions, spreading warmth,
Party of China to comprehensively promote rural revitalization and accelerate the construction of a strong agricultural
and fostering hope. During the reporting period, the Group continued to promote pairing assistance for low-income
nation, firmly consolidating and expanding the achievements of poverty alleviation, actively exploring new models for
families, helping a total of 123 individuals with an assistance amount of RMB 24,600.
rural revitalization, effectively promoting rural economic development, and contributing to the comprehensive
advancement of rural revitalization.
Case "Yiwu-Bazhou" East-West Cooperation
The Group collaborates with Bazhou District in
Bazhong City, Sichuan Province, focusing on
employment, education, and industry, promoting
deep and practical cooperation to jointly create a
Yayue Hotel Elderly Care new vision for rural revitalization and regional
CCC Hotel Blood Donation Yayue Hotel Skill Service
development.
Public Welfare Activity Community Outreach Volunteer Activities
In July 2025, the Group's Party and Mass Work
Department led a delegation from the Market
Indicators Unit 2025
Operation Company and Supply Chain Company to
Number of volunteer activity participants person-time 7,416 conduct research in Bazhong, Sichuan, on
processing with supplied materials, market
Total duration of volunteer activities hour 14,832
expansion, and the establishment of a Yiwu small
Public welfare and charity investment RMB 200,000 commodity sub-market in Bazhou District.
Number of beneficiaries people 123 In September 2025, the Group organized the
"Women Hand in Hand for Revitalization, Yiwu and
Employment Support Bazhou Together for Development - A Hundred
Yiwu Boss Ladies Visiting Bazhong" event, where
the property company and affiliated hotels
To actively support the “Belt and Road” initiative and contribute to the development of Yiwu as a global commodity
simultaneously held special recruitment activities,
hub, Yiwu China Commodities City Big Data Co., Ltd. and Yiwu Vocational and Technical College have signed a
exploring a new path for East-West cooperation,
comprehensive cooperation agreement. Based on principles of equality and mutual benefit, the two parties have women's empowerment, and industrial revitalization.
established a strategic partnership aimed at deepening collaboration in overseas joint education programs, In September 2025, the Group implemented the
entrepreneurial incubation, industry-academia research, and the development of practical training bases. requirements of the "Notice on the Task
Decomposition of Social Assistance Funds for
Leveraging the supply chain strengths of the Chinagoods platform and the resources of the International Education
East-West Cooperation in 2025," donating 170,000
College, we actively engage international students in platform initiatives. This collaboration has successfully created yuan in assistance funds to Bazhou (including
an incubation ecosystem that provides university students with valuable internship and entrepreneurial opportunities. 30,000 yuan specifically donated to Berlin Bay
Village in Guanghui Town).
Furthermore, the Group is advancing the integration of industry and education through the “Little Bee” volunteer
service project at the Yiwu Fair, partnered with Yiwu Vocational and Technical College. This initiative harnesses the
students’ talents in foreign languages, creative design, and international trade. By rooting the program in practical
market training, it achieves a dual objective: enhancing students’ employability while driving the market’s innovative
transformation. In 2025, the program successfully facilitated internship training for 164 college students in batches.
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Index of Indicators
Self-Regulatory Guidelines Self-Regulatory Guidelines
Global Reporting No. 14 for Listed Research on the Preparation Global Reporting No. 14 for Listed 134on the Preparation
Research
Initiative (GRI) Companies of the Shanghai of ESG Special Reports for Initiative (GRI) Companies of the Shanghai of ESG Special Reports for
Report Directory Report Directory
Sustainability Stock Exchange - State-Owned Enterprises Sustainability Stock Exchange - State-Owned Enterprises
Reporting Standards Sustainability Report Holding Listed Companies Reporting Standards Sustainability Report Holding Listed Companies
(Trial) (Trial)
About This Report 2-1/2-2/2-3 / / Environmental 101-2/101-4/413-1/3-3 E2.1.1/E2.1.2/E2.1.3/E2.1.4/E
Report
Chairman's Management /303-2/303-4/305-7/30 2.2.1/E2.3.1/E2.3.2/E2.3.4/E4.
Preface 2-11/2-22/2-23 / / Articles 29 to 33 / Article 37
Message 6-1/306-2/306-3/306-4 1.1/E5.4.2/E5.4.3/E5.4.4/E5.4.
About Us 2-1/2-2/2-6 / / /306-5 6/E5.5.1/E5.6.1/E5.6.2
Entering
Yiwu Performance Ecosystem and
CCC Highlights for 2025 Biodiversity
ESG Governance 2-14/2-22 Article 51/Article 52 G1.1.1 Innovation-driven Article 11/Article 41/
ESG Management Articles 42/43
/ / / Supply Chain 3-3/308-1/308-2/414-1 Article 11/Article 44/
ESG Goals S3.1.1/S3.2.1/S3.2.2/S3.2.3
Innovatio
Manage Stakeholder 2-12/2-16/2-27/2-29/4 Security /414-2 Article 45/Article 46
Article 53 / n Drives
ment Communication 13-1 Growth, Product Safety and
Management of Quality
Important Issues Fortifies Customer Service
Improve the Security Management
Governance Article 51 Information
System Security and 3-3/418-1 Article 11/Article 48 S2.2.3
Adhere to Privacy Protection
Complia 2-23/2-24/2-25/2-26/2 G2.1.1/G2.1.2/G3.2.2/G3.2.3/
nce as Compliant Article 51 Employee Rights 2-7/3-3/404-1/404-2/4 S1.1.1/S1.1.2/S1.1.3/S1.2.1/S1
-27/3-3/207-1/207-2 G5.1.1/G5.1.2/S4.1.1
Cornerst Operations Protection 01-3/404-3/405-1/406- Articles 49/50 .2.2/S1.2.3/S1.2.4/S1.3.4/S1.5.
one, Investor Rights G3.1.1/G3.1.2/G3.1.3/G3.2.2/ Build 1/408-1/409-1 1/S1.5.2/S1.5.3
Integrity Protection Article 53 G3.2.3/G4.1.1/G4.1.2/G4.2.1 Dreams
as Abide by Business 3-3/205-1/205-2/205-3 for & Development
Compass Article 54/Article 55/Article Employe Occupational 3-3/403-1/403-5/403-6
Ethics /206-1/417-11/417-2/4
Uphold the Party’s Give 3-10
/ / G1.1.4 Back to Rural
Leadership
Society Revitalization and S4.3.1/S4.3.2/S4.3.3/S4.4.2/S4
Address Climate E3.1.2/E3.1.3/E3.1.4/E3.1.6/E 3-3/203-1/203-2 Articles 38 / 39 / 40
Change Article 11/Articles 21 to 28 3.2.1/E3.2.2/E5.3.3/E3.4.1/E5.
Green /305-4/305-5 Contribution
Action,
Resource E1.1.1/E1.1.2/E1.1.3/E1.1.4/ Index of Indicators / / /
Green 3-3/301-1/302-1/302-2
Management E1.3.1/E1.3.2/E1.3.3/E1.3.4/E
Market /302-3/302-4/302-5/30 Article 11/Articles 35/36
Zhejiang China Commodities City Group Co., Ltd. 2025 Environmental, Social, and Governance Report
Reader Feedback Phone: 0579-85182812 Email: Hxu@cccgroup.com.cn
Fax: 0579-85197755 Address: CCC Group Building, 567 Yinhai Road,
Thank you for taking the time to read the "Zhejiang China Commodities City Group Co., Ltd.’s 2025
Yiwu, Zhejiang Province
Environmental, Social, and Governance Report." We highly value and look forward to hearing your
valuable opinions and suggestions on the Company's ESG efforts and sustainable development
management. Your feedback is an important basis for our continuous improvement in ESG work and
enhancing sustainable development management. We sincerely invite you to assist in completing the
relevant questions in the reader feedback and provide your responses through the following channels.
Once again, we appreciate your strong support for our ESG initiatives!
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