宁波港: 宁波舟山港股份有限公司2025年度环境、社会和公司治理(ESG)报告(英文版)

来源:证券之星 2026-06-22 18:12:08
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CONTENTS
                                                Corporate
                                                Governance                                             01                Social
                                                                                                                         Responsibility                                         03              Future
                                                                                                                                                                                                Outlook                                             05
Preface
About this Report                         01   Focus on Strengthening the Leadership of Party Building            19   Collective Empowerment and State-Owned Mission Fulfillment       67   Anchoring Key Targets and Forging a New Blueprint for a Stronger Port
                                                                                                                                                                                                113
Glossary of Terms                         03   Standardized Governance Consolidates Value Foundation              22   Digital Intelligence Integration and Technological Innovation    72
Board Statement                           05   Safeguarding Business Integrity and Compliance Risks               31   Solidified Responsibilities and Robust Safety Foundation         82
Chairman's Message                        07   Integrity and Self-Discipline in Compliance with Business Ethics   36   Win-Win Collaboration and Supply Chain Synergistic Efficiency    93
About Us                                  09   Fair Competition and Ethical Market Conduct                        38   People-Centered Development and Harmonious Workplace
                                                                                                                         Construction                                                     95
Appendix
                                                Environmental
                                                Performance                                            02                Service
                                                                                                                         Quality                                                04
List of Material Topics and Management   114
                                                Pollution Prevention and Environmental Improvement                 41   Craftsmanship Pursuit and Service Quality Elevation             107
Annual ESG Performance Data              124
                                                Efficient Resource Utilization through Lean Management             49
Report Standard Index                    136                                                                            Refined Schemes and Robust Support System Establishment         110
                                                Response to Climate Change                                         54
Comments and Feedback                    138                                                                            Innovative Models and Expanded Service Value                    112
                                                Harmonious Coexistence and Ecological Balance Stewardship          64
NINGBO ZHOUSHAN PORT                                      Corporate              Environmental             Social              Service               Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                                     Preface                                                                                                                               Appendix
COMPANY LIMITED                                          Governance               Performance           Responsibility         Quality               Outlook                                                            GOVERNANCE (ESG) REPORT
Preface
About this Report                                                                                                        Enterprise Sustainable Development Report Guide CASS-ESG 6.0
                                                                                                                         Self-regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No.1-Standardized Operation
                                                                                                                         Self-regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No.2-Management of Information
Report Introduction                                                                                                      Disclosure Matters
                                                                                                                         Guidelines No.14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies — Sustainability Report (Trial)
                                                                                                                         Guide No.4 for Self-Regulatory Supervision on Listed Companies of the Shanghai Stock Exchange (SSE) - Compilation
This report is the third Environmental, Social and Governance (ESG) report issued by Ningbo Zhoushan Port Co.,           of Sustainable Development Reports
Ltd. Prior to this, the Company had published corporate social responsibility (CSR) reports for thirteen consecutive     Wind ESG Rating Methodology
years. This report comprehensively presents the Company's practices and achievements in the areas of economic,           S&P Global Corporate Sustainability Assessment (CSA)
environmental, social, and governance responsibilities for the year 2025, aiming to enhance communication with all       Sino-Securities Index ESG Ratings Methodology and etc.
stakeholders to meet their expectations for sustainable development and information transparency.
                                                                                                                         Sources of Information
Reporting Period
                                                                                                                         The data is derived from the relevant statistical data of Ningbo Zhoushan Port Co., Ltd. Unless otherwise indicated,
                                                                                                                         the currency units involved in this report are "RMB".
From January 1, 2025 to December 31, 2025, with portions retroactive to prior years.
                                                                                                                         Confirmation and Approval
Reporting Boundary
                                                                                                                         This report was reviewed and approved by the Board of Directors of the Company on March 31, 2026.
Ningbo Zhoushan Port Co., Ltd. and its subsidiaries included in the consolidated financial statements.
                                                                                                                         Version Notes
Reporting Cycle
                                                                                                                         This English document is translated from the Chinese report. The Chinese version shall be taken as authoritative.
The current report is an annual report.
                                                                                                                         Access to the Report
Basis for Preparation
                                                                                                                         This report can be accessed and downloaded from the website of Shanghai Stock Exchange (www.sse.com.cn) or
                                                                                                                         the Company's official website (www.nbport.com.cn).
This report has been prepared primarily in accordance with the following standards:
United Nations Sustainable Development Goals (SDGs)
                                                                                                                         Report Feedback and Contacts
Global Reporting Initiative Sustainability Reporting Standards (GRI Standards)
International Organization for Standardization: Guidelines for Social Responsibility (ISO 26000:2010)
State-owned Assets Supervision and Administration Commission of the State Council (SASAC):ESG Special                    Contact address: Ningbo Global Shipping Plaza,                 Email address: ird@nbport.com.cn
Reporting Guidelines for Central State-owned Enterprises Holding Listed Companies                                        No.269 Ningdong Road, Yinzhou District, Ningbo                 Tel: +86-574-27686151
National Standardization Administration of PRC: Guidance on Social Responsibility Reporting (GB/T 36001-2015)            City, Zhejiang Province, China                                 Fax: +86-574-27687001
China Enterprise Reform and Development Research Institute, Responsibility Cloud Research Institute: China               Postal code: 315042
NINGBO ZHOUSHAN PORT                                           Corporate              Environmental                   Social        Service               Future                                                                  2025 ENVIRONMENTAL, SOCIAL AND
                                       Preface                                                                                                                                     Appendix
COMPANY LIMITED                                               Governance               Performance                 Responsibility   Quality               Outlook                                                                        GOVERNANCE (ESG) REPORT
Glossary of Terms
             Short Name                                            Full Name / Explanation                                              Short Name                                                 Full Name / Explanation
     Ningbo Port, The Company, we                                 Ningbo Zhoushan Port Co., Ltd.                                     Yongzhou Company                                   Zhoushan Yongzhou Container Terminal Co., Ltd.
     Ningbo Zhoushan Port Group                               Ningbo Zhoushan Port Group Co., Ltd.                                    Meidong Company                                     Ningbo Meidong Container Terminal Co., Ltd.
        Zhejiang Seaport Group                   Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd.                            SMTL                                              Suzhou Modern Terminals Limited
                CMPort                                         China Merchants Port Group Co., Ltd.                                       Yiwu Port                                                Zhejiang Yiwu Port Co., Ltd.
                 CSRC                                        China Securities Regulatory Commission                                           NPIC                                    Ningbo Port Information & Communication Co., Ltd.
                  SSE                                                Shanghai Stock Exchange                                           Logistics Group                                      Zhejiang Seaport Logistics Group Co., Ltd.
           Double First-Class                        World First-Class Strong Port, World First-Class Enterprise                         Ningbo Tally                                         Ningbo Ocean Shipping Tally Co., Ltd.
             Ningbo Ocean                                        Ningbo Ocean Shipping Co., Ltd.                                         Port Service                                   Zhejiang Seaport Port & Shipping Service Co., Ltd.
              Toumen Port                                         Zhejiang Toumen Port Co., Ltd.                                          Port area                              A port area composed of docks and their supporting facilities.
     Beilun First Container Terminal                      Ningbo Beilun First Container Terminal Co., Ltd.                                                          Hydraulic facilities for docking vessels, loading and unloading cargo, and boarding and
                                                                                                                                              Dock
                                                                                                                                                                                          disembarking passengers within the port area.
 Beilun Second Container Terminal           Ningbo Zhoushan Port Co., Ltd. Beilun Second Container Terminal Branch
                                                                                                                                              Berth                   Fixed positions for docking ships and loading and unloading cargo at port terminals.
         Beilun Third Container
                                                         Ningbo Beilun Third Container Terminal Co., Ltd.
                Terminal                                                                                                                                        It is an international unit of measurement based on a container measuring 20 feet in length,
                                                                                                                                              TEU
       Daxie Container Terminal                              Ningbo Daxie Container Terminal Co., Ltd.
                                                                                                                                                                    The quantity of goods transported by water into and out of the port area within a certain
                                                                                                                                         Throughput
      Beilun Ore Terminal Branch                    Ningbo Zhoushan Port Co., Ltd. Beilun Ore Terminal Branch                                                                    period of time and loaded and unloaded by port enterprises.
              Zhenhai Port                                         Ningbo Zhenhai Port Co., Ltd                                                                     It refers to a system that provides power from the shore to the side of the ship during the
                                                                                                                                                                     docking period at the port. Shore power mainly ensures that after the ship docks, it still
                                                                                                                                         Shore power
                                                                                                                                                                     needs electricity for production and living on board, as well as electricity for continuous
             Yougang Barge                                        Ningbo Yougang Barge Co., Ltd.
                                                                                                                                                                                                  operation of auxiliary equipment.
         Shulanghu Company                                    Zhoushan Shulanghu Terminal Co., Ltd.
                                                                                                                                                                     Core strategic goals for national green and low-carbon development, consisting of two
                                                                                                                                                                    phased objectives: carbon peaking (carbon dioxide emissions reach their historical peak
            Taicang Wugang                                         Taicang Wugang Port Co., Ltd.                                      Dual Carbon Goals
                                                                                                                                                                    and then decline steadily) and carbon neutrality (achieving a dynamic balance between
                                                                                                                                                                               greenhouse gas emissions and absorption within a specific period).
          Wenzhou Port Group                                       Wenzhou Port Group Co., Ltd.
                                                                                                                                         Zhigangtong                                       Zhejiang Zhigang Tong Technology Co., Ltd.
              Jiaxing Port                                    Zhejiang Seaport Jiaxing Port Co., Ltd.
NINGBO ZHOUSHAN PORT              Corporate   Environmental      Social        Service     Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                       Preface                                                                                  Appendix
COMPANY LIMITED                  Governance    Performance    Responsibility   Quality     Outlook                                                            GOVERNANCE (ESG) REPORT
Board Statement
                                                                                         The Company has always taken ESG as a core dimension of its strategic planning and
                                                                                         deeply integrated it into the goal of "Double First-Class" development. In the 14th Five-
                                                                                         Year Plan and medium- and long-term development strategies, we have systematically
                                                                                         established an implementation path for the coordinated development of ESG and
                                                                                         main businesses. We center on national strategies including "carbon peaking and
                                                                                         carbon neutrality" ,"construction of a demonstration zone for common prosperity",
                                                                                         prioritize the upgrading of green ports, integrated development of ports and cities,
                                                                                         and enhancement of supply chain resilience as strategic focuses. Meanwhile, we
                                                                                         actively align with industry development trends to promote the intelligent and green
                                                                                         transformation of the Company's business.
                                                                                         As the highest governing body and decision-maker for ESG authority of the Company,
                                                                                         the Board of Directors has always placed the ESG strategy within the broader context of
                                                                                         the company's development. It fully coordinates the in-depth deployment and efficient
                                                                                         implementation of the ESG strategy, formulates and reviews the annual ESG policies,
                                                                                         key tasks and development objectives, and regularly supervises and assesses the
                                                                                         progress, effectiveness and performance of ESG target delivery. The Board continuously
                                                                                         strengthens the development of ESG governance mechanisms, optimizing decision-
                                                                                         making processes and refining management measures to ensure that, as the company
                                                                                         advances its ESG management in a refined and standardized manner, it achieves
                                                                                         efficient decision-making and scientific management, thereby driving the deep-rooted
                                                                                         implementation of sustainable development principles.
                                                                                         With the goal of "a world first-class ESG benchmark and demonstration enterprise",
                                                                                         we have formulated ESG assessment indicators covering low-carbon transition, green
                                                                                         operations, workplace safety, high-quality services, efficient governance, smart ports
                                                                                         and other aspects based on industry development trends, stakeholder expectations and
                                                                                         our own development characteristics. When formulating the 15th Five-Year Plan, we will
                                                                                         systematically incorporate key ESG topics such as green transition, smart operation,
                                                                                         supply chain responsibility and governance modernization into the top-level design,
                                                                                         and set specific objectives. Guided by these, we will pool efforts to promote the effective
                                                                                         implementation of various ESG initiatives, continuously improve ESG management
                                                                                         capabilities and practical results, and inject new impetus and contribute new strength
                                                                                         to the sustainable development of the global port industry.
NINGBO ZHOUSHAN PORT                                            Corporate             Environmental               Social                  Service                  Future                                                               2025 ENVIRONMENTAL, SOCIAL AND
                                         Preface                                                                                                                                           Appendix
COMPANY LIMITED                                                Governance              Performance             Responsibility             Quality                  Outlook                                                                     GOVERNANCE (ESG) REPORT
Chairman's Message
                                                                                                                                    exceeds 400 units, and over 110 hydrogen-powered trucks have been put into operation, forming the world's largest new
                                                                                                                                    energy mobile port machineries, and shore power coverage continues to upgrade with an annual usage of 25 million kWh.
                  Ningbo Zhoushan Port Co., Ltd. Chairman                                                                           Taicang Wugang has been rated as the first five-star green port for iron ore docks in China, and several docks including Meishan
                  Tao Chengbo                                                                                                       and Yongzhou have won the four-star green port title. The development of green star-rated docks is deeply integrated with the
                                                                                                                                    port's core businesses, making green the most distinctive feature of the Company's development.
                                                                                                                                    We focus on the core business of port operations and fulfill the social responsibility of a state-owned enterprise with caring
                                                                                                                                    measures. We closely follow the needs of production operations and talent development, and strengthen the cadre and talent
                                                                                                                                    team in multiple dimensions. A total of 80 national patents and 355 problem-solving breakthrough achievements have come
                                                                                                                                    from the frontline of production, leading all staff to strive for excellence through exemplary role models. Focusing on the
                                                                                                                                    urgent needs of employees, the "Five Deliveries of Care" service has benefited more than 1,700 employees, with 1,109 person-
                                                                                                                                    times of condolences and support throughout the year. The "Smart Labour Union" has made services easily accessible. We
                                                                                                                                    have promoted paired assistance for rural revitalization, repaid local construction with port development, and interpreted the
                                                                                                                                    responsibility of "win-win development between port and region" with concrete actions.
                                                                                                                                    We safeguard the steady development of port business with standardized governance, and consolidate the foundation of a
                                                                                                                                    first-class strong port with institutional innovation. Taking intelligence and digitalization as the focus, we have upgraded the
The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China has drawn a grand blueprint for            new-generation domestic Zhejiang Port business cloud platform and built an intelligent active defense system, achieving dual
the 15th Five-Year Plan development. The Zhejiang Provincial Party Committee and Provincial Government have prioritized             guarantees for port operation and information security. The internal control system has ranked first on the "Top 30 Zhejiang
the strategic task of accelerating the construction of a world first-class strong port. Having passed the 10th anniversary of the   Listed Companies Internal Control Index" for seven consecutive years, building a solid risk control line for the efficient operation
integrated reform of Zhejiang's seaports, the development landscape has taken on a brand-new look, with high spirits and            of core businesses such as containers, bulk general cargo and multimodal transport. The construction of an Incorruptible Port
vigorous momentum for progress. All staff of the seaport have thoroughly studied and implemented the spirit of General              has been further advanced, with big-data supervision running through the entire business process, escorting the high-quality
Secretary Xi Jinping's important instructions during his inspection of the Company. With lofty aspirations and determination        development of port business with first-class governance capabilities.
to overcome challenges, we successfully concluded the 14th Five-Year Plan, and strive to compose a magnificent chapter of
seaport employees in the new era serving national strategies and standing at the forefront of opening-up with concrete actions.     The year 2026 marks the beginning of the 15th Five-Year Plan and a critical juncture for the Company as it strives to
                                                                                                                                    transform from a "big port" to a "first-class port". Standing at this new historical starting point, we will continue to guide port
This year, we achieved a cargo throughput of over 1.22 billion tons, a container throughput exceeding 52 million TEUs, and sea-     development with the ESG philosophy, fully integrate the green development concept, continuously expand our clean energy
rail intermodal transport volume surpassed 2 million TEUs. The ranking of Ningbo Zhoushan International Shipping Center             portfolio, upgrade our green equipment system, and enhance our reputation as a green port leader. We will faithfully fulfill our
rose to seventh globally, achieving four consecutive leaps in five years and successfully joining the leading ranks of world        social responsibilities, ensuring that development achievements benefit all port employees more equitably and empower
first-class ports. Behind this remarkable performance is our deep integration of the ESG concept into the entire chain of port      regional economic growth. We will further advance the building of a modern governance system, using better governance and
operations. With environmental sustainability, social responsibility soundness, and governance excellence, we have enabled          higher efficiency to underpin business expansion.
the mission of "Linking the Globe, Serving the World" to shine more brightly in the journey of high-quality development,
realizing the synchronized resonance and two-way empowerment of business growth and responsibility commitment.                      "The tide rises wide on both shores; the wind fair, a single sail hangs high". On the journey to building a strong port in the new
                                                                                                                                    era, only by striving to forge ahead with determination can we achieve steady and sustained progress. We will always keep in
We promote green development and business expansion in tandem, and build a strong ecological and environmental                      mind General Secretary Xi Jinping's earnest instructions to "work hard to build world first-class ports". We will embed the ESG
protection barrier with concrete actions. We stay committed to the goals of carbon peaking and carbon neutrality, and maintain      philosophy deeply into the DNA of port development, interpret responsibility through solid actions, drive development with
stable performance in controlling comprehensive energy consumption per RMB10,000 of output value and carbon emission                innovation, and work hand in hand with friends from all sectors. Together, we will strive to achieve new leaps in building a
intensity. Guided by green indicators for business development, we strive to build a green and low-carbon port leading China in     world first-class strong port, and make new and greater contributions to building a high-level outward-looking strong province
the development scale of renewable resources. We have put into operation 43.75 MW of grid-connected wind power and over             and serving the establishment of a new development dynamic.
NINGBO ZHOUSHAN PORT                                       Corporate          Environmental            Social            Service                    Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                         Appendix
COMPANY LIMITED                                           Governance           Performance          Responsibility       Quality                    Outlook                                                            GOVERNANCE (ESG) REPORT
About Us                                                                                                              Important Historical Development
Company Introduction                                                                                                                December 2025
                                                                                                                            ·The annual container throughput of the Ningbo Zhoushan Port (port area) exceeded 40 million TEUs for
Ningbo Zhoushan Port Co., Ltd. was renamed and established on September 28, 2016, after the original Ningbo Port              the first time.
Co., Ltd. absorbed and merged with Zhoushan Port Co., Ltd. As the core operating entity and important platform
                                                                                                                                    November 2024
for coastal ports in Zhejiang Province, we are mainly responsible for the operation and management of Ningbo
Zhoushan Port, Wenzhou Port, Jiaxing Port, Taizhou Port, and Yiwu Inland Port. Our business scope includes loading          ·Following the eighth consecutive year of Chuanshan Port Area exceeding 10 million TEUs in container throughput,
and unloading operations of containers, iron ore, crude oil, coal, liquefied products, and general cargo, and we              Meishan Port Area has also surpassed the 10-million-TEU milestone for the first time. Ningbo Zhoushan Port has
provide comprehensive services related to port operations, including tugboat assistance, terminal leasing, and end-           become the world's only port with two single-container terminals each handling over 10 million TEUs annually.
to-end logistics, with a commitment to building a comprehensive and diversified port operation system.
                                                                                                                                    December 2022
                                                                                                                            ·The Company successfully spun off Ningbo Ocean to be listed on the main board of the SSE, becoming
               In 2025                                                                                                        the first spin-off of A listed company in the A-share market of port and shipping in China.
     We achieved a cargo throughput of     1.22 billion tons, up 7.2%, and a container throughput of 52.98                         September 2022
     million TEUs, a year-on-year increase of 11.2%. Contributing significantly to these results, Ningbo Zhoushan           ·The Company completed a "ten-billion-level" private placement to CMport, making CMport the second
                                                                                                                              largest shareholder of the Company and setting a new model for central and local cooperation.
     Port has ranked first globally in cargo throughput for 17 consecutive years and third globally in container
     throughput for 8 consecutive years.
                                                                                                                                    December 2020
                                                                                                                            ·The Company acquired the competing assets in the same industry, namely Wenzhou Port Group, Jiaxing
                                                                                                                              Port, Toumen Port and Yiwu Port under Zhejiang Seaport Group. By equalization of equity, the substantive
         By the end of 2025                                                                                                   integrated operation and management of coastal port assets throughout the province has been achieved.
                                                                                                                                      August 2020
     Total Assets: RMB123.425 billion
                                                                                                                            ·The Company completed the non-public offering of stocks to Ningbo Zhoushan Port Group and Shanghai
     Annual Operating Revenue: RMB 31.02 billion                                                                              International Port (Group) Co., Ltd., achieving Cross-shareholding among large port enterprises in the Yangtze
     Annual Profit: RMB 7.215 billion                                                                                         River Delta.
                                                                                                                                      March 2020
                                                                                                                            ·When the General Secretary Xi Jinping inspected the Chuanshan Port Area of Ningbo Zhoushan Port, he
                                                                                                                              emphasized, "We must adhere to first-class standards, achieve development and management excellence,
                                                                                                                              strive to Build a World First-Class Port, and make greater contributions to national development".
                                                                                                                            ·The former Ningbo Port Co., Ltd. absorbed and merged the former Zhoushan Port Co., Ltd. by issuing
                                                                                                                              shares to purchase assets, and it was renamed "Ningbo Zhoushan Port Co., Ltd." on September 28, 2016.
                                                                                                                                   September 2010
                                                                                                                            · Approved by the CSRC, Ningbo Port Co., Ltd. was officially listed on the Shanghai Stock Exchange.
                                                                                                                                      March 2008
                                                                                                                            ·Ningbo Port Co., Ltd. was established by the former Ningbo Port Group as the main initiator, in collaboration
                                                                                                                              with seven state-owned enterprises including China Merchants International Ports (Ningbo) Limited.
NINGBO ZHOUSHAN PORT                                               Corporate             Environmental               Social                   Service                 Future                                                            2025 ENVIRONMENTAL, SOCIAL AND
                                           Preface                                                                                                                                            Appendix
COMPANY LIMITED                                                   Governance              Performance             Responsibility              Quality                 Outlook                                                                  GOVERNANCE (ESG) REPORT
Corporate Culture
     The "Three Ones" Cultural Objectives                                                                                                  Core Values: Service Creates Value, Diligence Fulfills Dreams
One Team: We are committed to building a dynamic and capable excellent team. By uniting "Five Ports as One", we form a                  Service Creates Value: Service is the cornerstone of enterprise development. We advocate maximizing the value for
cohesive and aligned force, functioning as fingers clenched into a fist. This unity not only serves as the backbone of our vibrant      all stakeholders through service, winning customers, leading the market and rewarding society with high-quality and
and ascending enterprise but also acts as the driving force behind our focused and centralized development.                             efficient service.
One Culture: We are committed to cultivating a robust port culture characterized by mutual support and solidarity. Rooted in            Diligence Fulfills Dreams: Dreams are forged through effort. We champion the principle that hard work pays off,
our common heritage, we uphold the Zhejiang spirit of practical engagement, leading innovation, and pioneering excellence.              prioritizing efficiency while considering fairness. Through persistent endeavor, we aim to realize dreams, reap happiness,
By fostering a culture where service creates value and perseverance fulfills dreams, we not only perpetuate and innovate upon           and secure a promising future.
our corporate cultural genes but also fuel our drive to strengthen and enhance our enterprise.
One Dream: We are committed to realizing the dream of an exceptionally strong port. Keeping our original mission in mind,                  Corporate Spirit: Devotion to the Port, Relentless Perseverance, Pursuit of Excellence
we strive towards building an international first-class strong port and creating a World First-Class port cluster. This vision is not
only a collective aspiration of all our employees but also an inexhaustible driving force for the sustainable development of our
                                                                                                                                        Devotion to the Port embodies a responsible spirit of ownership, characterized by loyalty to the enterprise and treating
enterprise.
                                                                                                                                        the port as one's own home. This spirit of dedicated service is pivotal in establishing a new image in the modern era.
                                                                                                                                        Relentless Perseverance represents a spirit of proactive and enterprising initiative. It involves facing challenges head-on,
     Cultural Theme: "Strong Port" Culture
                                                                                                                                        daring to take responsibility, and being determined to advance, showcasing new achievements in the modern era.
                                                                                                                                        Pursuit of Excellence is a spirit of innovation that transcends oneself. It involves relentless effort, striving for top-tier
Looking back at history, we have worked hard to start businesses, overcome difficulties, moved from inland rivers to estuaries,         performance, and leading the forefront, creating new accomplishments in the modern era.
and then to the sea, building a vibrant source of development. The dream of a strong port is a common aspiration of
generations of port workers. Looking to the future, we will continue to fight tenaciously and strive for excellence, shouldering
the sacred mission of building an internationally first-class strong port. The "Strong Port" culture is the spiritual force driving
                                                                                                                                           Corporate Slogan: Linking the Globe, Serving the World, Future, Let's Go Together!
the sustainable development of the enterprise.
We will follow the "Three-Step" strategic vision, accelerating the creation of an internationally renowned first-class strong port      Linking the Globe: This embodies our vision and inclusiveness. We promote the integrated and coordinated development
and a World First-Class port cluster, to fulfill our collective "Strong Port Dream".                                                    of the "5+1" port system and advance the "four major sectors" in a coordinated and efficient manner, fully demonstrating
                                                                                                                                        the ambition of the world's largest port that links rivers and seas.
     Corporate Mission: Build a World First-Class Port, Create Shared Value                                                             Serving the World: This embodies our responsibility and mission. Through openness, cooperation and mutual benefit,
                                                                                                                                        we demonstrate the persistent pursuit of building a world first-class strong port and a world first-class port cluster, as well
                                                                                                                                        as the historical responsibility of contributing to a strong maritime country.
Build a World First-Class Port: We consistently adhere to the new development concepts, accelerating the construction of an
                                                                                                                                        With global vision, open mind and an inclusive spirit, we inherit history and embrace the future. We will stay committed
international first-class strong port and developing a World First-Class port cluster, aiming to swiftly achieve the objectives of
                                                                                                                                        to openness, cooperation, inclusiveness, sharing and mutual benefit, and strive to create value and realize dreams for
"Four First-Class" standards and fulfill the "Strong Port Dream".
                                                                                                                                        customers, employees, partners, society, the country and the world. We will advance the development of a world first-
Create Shared Value: We consistently adhere to first-class service, and dedicated to creating the greatest value for our                class strong port with global perspective and strategic thinking.
customers, employees, partners, society, and the nation.
                                                                                                                                        We declare to the world: Future, let's go together!
     Corporate Vision: Become a World Leading Integrated Logistics Service Provider with Ports as the Core
Focusing on enhancing our core port operations, we are committed to innovative development, creating advantages in talent,
service, systems, and management. We are strategically advancing the construction of "Four First-Class" standards, dedicated
to becoming a leading global integrated logistics service provider with ports as the core.
NINGBO ZHOUSHAN PORT                                               Corporate            Environmental               Social               Service                  Future                                                             2025 ENVIRONMENTAL, SOCIAL AND
                                           Preface                                                                                                                                        Appendix
COMPANY LIMITED                                                   Governance             Performance             Responsibility          Quality                  Outlook                                                                   GOVERNANCE (ESG) REPORT
Major Annual Honors
                                               Ningbo Zhoushan Port Co., Ltd.                                                                                                  Ningbo Ocean Shipping Co., Ltd.
     Best Practice in Investor Relations Management for Listed        Best Practice Case for Listed Company Boards of Directors    Outstanding Report on Corporate Social Responsibility (ESG) in      Leading Service Enterprise of Zhejiang Province 2025 – Global
                          Companies 2024                                                          2025                                             the Transportation Industry                                     Modern Logistics Development Hub
             China Association for Public Companies                            China Association for Public Companies              China Association of Communication Enterprise Management             Zhejiang Provincial Development and Reform Commission
     Best Practice Case for Annual Report Results Conference of       Best Practice Case for Sustainable Development of Listed      ESG Value Communication Award for Listed Companies 2025                       2025 Zhejiang Business ESG Classic 100
                       Listed Companies 2025                                               Companies 2025                                      Shenzhen Value Online · Easy-Board                                           Zheshang Institute
              China Association for Public Companies                          China Association for Public Companies
      Best Practice Case for Investor Relations Management of                                                                         Ningbo Port Information &                        Zhejiang Seaport                          Ningbo Beilun Third
                                                                               Golden Information Disclosure Award 2024
                      Listed Companies 2025                                                                                            Communication Co., Ltd.                      Logistics Group Co., Ltd.                 Container Terminal Co., Ltd.
                                                                                        China Securities Journal
              China Association for Public Companies
                                                                     Outstanding Report on Corporate Social Responsibility (ESG)
           Class A Enterprise for Information Disclosure
                                                                                     in the Transportation Industry                 Leading Service Enterprise of Zhejiang       Leading Service Enterprise of Zhejiang          Leading Service Enterprise of
                    Shanghai Stock Exchange
                                                                     China Association of Communication Enterprise Management          Province 2025 – Global Emerging              Province 2025 – Global Modern               Zhejiang Province 2025 – Global
                                                                                                                                     Industry Technology Innovation Hub               Logistics Development Hub                Modern Logistics Development Hub
                                                                                                                                    Zhejiang Provincial Development and          Zhejiang Provincial Development and           Zhejiang Provincial Development
       Third Batch of Eagle Enterprises of Zhejiang Province            Leading Service Enterprise of Zhejiang Province 2025 –               Reform Commission                           Reform Commission                         and Reform Commission
      Department of Economy and Information Technology of                    Global Modern Logistics Development Hub
                        Zhejiang Province                             Zhejiang Provincial Development and Reform Commission
                                                                                                                                                                       Ningbo Meidong Container Terminal Co., Ltd.
     Top 30 Zhejiang Listed Companies Internal Control Awards            Top 100 Service Enterprises of Ningbo 2025 (No.9)
           School of Management at Zhejiang University                   Association, Ningbo Industry Economy Federation
     Top 100 Comprehensive Enterprises of Ningbo 2025 (No.27)          The 20th Golden Round Table Awards for Chinese Listed        Leading Service Enterprise of Zhejiang Province 2025 – Global       Grand Prize of the Science and Technology Award of China
      Ningbo Enterprises Confederation, Ningbo Entrepreneurs                    Companies – Best Board of Directors                             Modern Logistics Development Hub                                       Ports & Harbours Association
         Association, Ningbo Industry Economy Federation                               Boardroom Magazine                            Zhejiang Provincial Development and Reform Commission                     China Ports & Harbours Association (CPHA)
                                                                        Best Board of Directors Award – 2025 Listed Company
            Top 100 Value Main Board Listed Companies                                                                                                                Ningbo Beilun First Container Terminal Co., Ltd.
                                                                                           Reputation List
                         Securities Times
                                                                                       National Business Daily
      Best Practice Case for Listed Company Board Office 2025         ESG Value Communication Award for Listed Companies 2025
                                                                                                                                                                                                          Inclusion in the Ningbo Municipal Enterprise Employee
              China Association for Public Companies                             Shenzhen Value Online · Easy-Board                 Outstanding Case of Corporate Social Responsibility (ESG) in
                                                                                                                                                                                                           Innovation Workstation Construction List – North Star
                                                                                                                                                 the Transportation Industry 2025
                                                                                                                                                                                                                           Innovation Workstation
                                                                                                                                      Association of Communication Enterprise Management
                                                                                                                                                                                                                   Ningbo Federation of Labour Unions
NINGBO ZHOUSHAN PORT                                        Corporate   Environmental            Social             Service                Future                                                       2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                    Appendix
COMPANY LIMITED                                            Governance    Performance          Responsibility        Quality                Outlook                                                             GOVERNANCE (ESG) REPORT
Company Qualification                                                                                          Main Qualification Certification of the Company and its Subordinate Units
Major Associations and Organizations the Company Participates In
                                                                                                                    ISO 37301 Compliance Management System
                                                                                                                                                                              Work Safety Standardization Certification (Level 1)
                                                                                                                                     Certification
                                                                                                                                                                                Work Safety Standardization of Transportation
                                                                                                                 ISO 9001 Quality Management System Certification
                                                                                                                                                                                             Enterprises (Level 1)
                    Name of Association                                      Position
              National Logistics Hubs Alliance                               Director
                                                                                                                     ISO 45001 Occupational Health and Safety                 RB/T 104 Energy Management System Certification
                                                                                                                          Management System Certification                                  for Transport Enterprises
 Logistics Hubs Committee of China Communications
                                                                          Vice President
              and Transportation Association
     First Supervisory Board of China Ports & Harbours
                                                                            Supervisor
                        Association
     China Institute of Navigation, Water Transportation                                                                          APEC GREEN PORT                                         Five-Star China Green Port
                                                                          Deputy Director
                  Engineering Committee
 National Association of Financial Market Institutional
                                                                             Member
                          Investors
           China Container Industry Association                              Member                              ISO 50001 Energy Management System Certification                       National High-Tech Enterprise
 Zhejiang Provincial State-owned Assets Management
                                                                             Director
                        Association
Zhejiang Provincial State-owned Assets Administration
                                                                          Deputy Director                          ISO 14001 Environmental Management System                     Professional Digital Profile of Crane Handling
         Association Open Cooperation Committee
                                                                                                                                     Certification                                           Machinery Operators
        The Listed Company Association of Ningbo                          Vice President
        The 11th Ningbo Association for Science and
                                                                          Vice Chairman
                        Technology
                                                                                                                    Certification of Qualification for Institution of            CNAS (China National Accreditation Service)
                                                                                                                 Import & Export Commodity Inspection and Survey                     Laboratory Accreditation Certificate
         The Transportation Association of Ningbo                         Vice President
              Ningbo Institute of Internal Audit                         Executive Director
                                                                                                                     Zhejiang Provincial CMA (China Metrology                 Work Safety Standardization Certification for General
               Ningbo Financial Association                                  Director
                                                                                                                              Accreditation) Certification                       Cargo Port Enterprises in compliance (Level 1)
Corporate
Governance
Focus on Strengthening the Leadership of Party
Building
Standardized Governance Consolidates Value
Foundation
Safeguarding Business Integrity and Mitigating
Compliance Risks
Integrity and Self-Discipline in Compliance with
Business Ethics
Fair Competition and Ethical Market Conduct
Number of               Total duration of anti-    2024 annual dividend     2025 interim dividend
female directors        corruption training
NINGBO ZHOUSHAN PORT                                         Corporate             Environmental              Social                  Service                   Future                                                               2025 ENVIRONMENTAL, SOCIAL AND
                                       Preface                                                                                                                                             Appendix
COMPANY LIMITED                                             Governance              Performance            Responsibility             Quality                   Outlook                                                                     GOVERNANCE (ESG) REPORT
Focus on Strengthening the Leadership of                                                                                                Key Performance
Party Building                                                                                                                     As of the end of the reporting period, our Party Committee have a total of
                                                                                                                                   including    24 Party committees, 19 general Party branches and 212 Party branches, with the primary-level
                                                                                                                                   Party organization system continuously improved. All Party branches organized Party members to conduct
The Company holds high the great banner of Xi Jinping Thought on Socialism with Chinese Characteristics for a
New Era, thoroughly studies and implements the guiding principles of the 20th National Congress of the Communist                   920 study sessions through "Three Meetings and One Class" and themed Party days, guided 4,315 Party
Party of China, the Third and Fourth Plenary Sessions of the 20th Central Committee, the 15th Congress of the
                                                                                                                                   members to complete studies on the "State-owned Assets e-Learning" platform and successfully graduated.
Communist Party of China Zhejiang Provincial Committee, and all plenary sessions of the 15th Zhejiang Provincial
Party Committee. The company fully implements the general requirements for Party building in the new era,
vigorously promotes the great founding spirit of the Party, and exercises full and strict governance over the Party
in an in-depth manner. We adhere to the deep integration of Party building work with production and operation,                                          · Optimize the set up of Party organizations to realize coverage in step with business development.
continuously enhance the effectiveness of the initiative "Strengthen Party Building to Promote Development", and                                        · Strengthen supervision of Party organizations at all levels and maintain dynamic clearance of non-
further lead high-quality development with high-quality Party building.                                                                                    Party member teams.
                                                                                                                                Organization            · Advance the standardized development of grassroots Party organizations and enhance and regulate
                                                                                                                                                           grassroots organizational activities.
Strengthen Political Construction                                                                                                  Building
                                                                                                                                                        · Built a full-chain management system for the "entry, exit, governance, nurturing, and care" of the
We always put political construction in the first place, fulfill the principal responsibility for full and strict governance
                                                                                                                                                           Party member team, enhance the quality of the Party member team at the source.
over the Party, strengthen and standardize political activities within the Party, and strictly implement the "First
                                                                                                                                                        · Implement regular education for Party members and build a strong professional Party-building
Agenda Item" System and the system of special study prior to major decision-making, so as to strengthen theoretical
                                                                                                                                                           workforce.
arming. In 2025, the Party Committee held 20 meetings, deliberating 147 agenda items. We formulated the 2025
                                                                                                                                     Team               · Conduct the work of excellence and advanced selection within the Party to stimulate the Party
study plan for the theoretical study group of the Company's Party Committee, and organized special study and
                                                                                                                                   Building                member team to strive for.
research on the guiding principles of important higher-level meetings such as the Fourth Plenary Session of the 20th
Central Committee of the Communist Party of China and the 8th Plenary Session of the 15th Zhejiang Provincial
Party Committee. We carried out study and education activities to thoroughly implement the spirit of the eight-point
central regulation, organizing more than 300 special Party lectures, solidly conducted the "Four Inspections and                                        · Focus on Party branches to promote the deep integration of Party building initiatives with core
Four Identifications" campaign, follow-up review of study and education, and the clearance of rectification issues,                                        business.
with all identified problems fully rectified.                                                                                                           · Deepen the advancement of civilization initiatives and built a distinctive port service brand matrix.
                                                                                                                               Brand Building
                                                                                                                                                        · Select and cultivate advanced model benchmark to drive Party organizations at all levels to improve
 Special Party Lecture on                                              Party Member                                                                        through demonstration, and guide all Party members, cadres and staff to follow examples and fulfill
 Learning and Education                                                  Learning                                                                          responsibilities.
                                                                                                                                                        · Conduct themed lectures and strengthen ideological guidance through advanced deeds from those
                                                                                                                                     Model
                                                                                                                                                           around us.
                                                                                                                                  Education
Consolidate Primary-Level Party Building
The Company earnestly implements the requirements of the "Four Synchronizations and Four Alignments" for Party
building work, continuously consolidates the foundation of primary-level Party building, promotes full coverage of
Party organizations and work, and effectively transforms Party building strengths into the core competitiveness for
the sustainable development of the enterprise.                                                                                 Work on Appraisal and Selection of Advanced Entities and Individuals                        On-site Tour Session
NINGBO ZHOUSHAN PORT                                            Corporate            Environmental                 Social                              Service                                                     Future                                                                                                                                                                             2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                                                                                                                      Appendix
COMPANY LIMITED                                                Governance             Performance               Responsibility                         Quality                                                     Outlook                                                                                                                                                                                   GOVERNANCE (ESG) REPORT
Deepen "Dual Integration and Mutual Promotion"                                                                                    Standardized Governance Consolidates Value
The Company actively implements the working requirement of "Integrating the whole company, dual integration and
mutual promotion", always adheres to the deep integration of Party building with production and operation, focusing               Foundation
on "opening-up and cooperation, reform and innovation, and tackling key problems through hard work". Centering
on the objectives of the "Six Major Campaigns", the Company carries out the special initiative "Strengthening Party               Corporate Governance
Building to Promote Development, Exemplifying Models to Strive for Excellence", thereby continuously advancing the
dual integration and mutual promotion of Party building and business to a deeper and more substantive level.
                                                                                                                                  Governance Structure
                                                                                                                                  The Company strictly abides by the Company Law of the People's Republic of China, the Securities Law of
                                                                                                                                  the People's Republic of China, and other relevant laws and regulations, as well as the rules of the SSE. It has
     Construction of "Strengthen                      "Party Members and
                                                                                                                                  continuously improved its internal rules and regulations, including the Articles of Association, the Rules of
      Party Building to Promote                     Cadres Taking the Lead in            "Practicing the Mass Line" On-
                                                                                                                                  Procedure for the Board of Directors, the Rules of Procedure for the Shareholders' Meeting, and the Work System
     Development" Demonstration                 Demonstration" to Solve Key                  the-Job Follow-up Work
                                                                                                                                  for Independent Directors. These efforts further enhanced the Company's standardized operation and effectively
                   Sites                                   Problems
                                                                                                                                  protected the legitimate rights and interests of all shareholders. During the reporting period, we successfully
·Typical cases were summarized             ·Focus on promoting the continuous       ·Promote the downward extension            abolished the Board of Supervisors and transferred the functions to the Audit Committee of the Board of
  and developed, including the                breakthrough of 36 projects led by        of Dual Integration and Mutual            Directors, thereby further optimizing a modern corporate governance structure characterized by clear rights and
  "Listing and Delisting" campaign            Party organization secretaries, 155       Promotion to grassroots and               responsibilities and effective checks and balances.
  of the General Party Branch of the          research projects by leading group        frontlines, carried out regular on-the-
  Engineering Department of Beilun            members, 269 innovation projects          job follow-up work by management          Corporate Governance Structure
  First Container Terminal, the "Party        by Party branches, 4,773 practical        personnel, encourage management
  Member Supervisor System" of                projects by Party members, and            staff to go deep into frontline                                                                                                                                              General Meeting of
                                                                                                                                                                                                                                                                                                                                                                                                                         ESG Committee
  the Crane Unit Party Branch of              60 achievement projects by Youth          teams and terminal positions for                                                                                                                                                         Shareholders
  Beilun First Container Terminal,            League and youth organizations,           follow-up work. In 2025, a total
  and the "Party Member Gold Medal            effectively take the priorities of        of 2,487 management personnel                                                                                                                                                                                                                                                                                      Strategy Committee
  Mentor" initiative of the On-site           operation and development and the         participated in on-the-job follow-
  Operation Party Branch of Beilun            difficulties of reform and tackling       up of 19,045 shifts, identified and
                                                                                                                                                                                                                                                                       Board of Directors                                                                                                                          Audit Committee
  Third Container Terminal, providing         key problems as the focus of Party        resolved 1,600 practical frontline
  replicable and scalable practical           building work, remove bottlenecks         problems, organized 41 commando
                                                                                                                                                                                                                                                                                                                                                                                                              Compensation and
  models for all business lines of the        and challenges in development,            teams to conduct 151 drills and                                    Board Office
                                                                                                                                                                                                                                                                                                                                                                                                      Assessment Committee
  Company to deepen the integration           and accelerate the transformation of      practical operations.
  of Party building and business              achievements.
                                                                                                                                                                                                                                                                    Management Layer                                                                                                                  Nomination Committee
  operations, effectively elevating the
  overall level of grassroots practice
  in achieving Dual Integration and
  Mutual Promotion.
                                                                                                                                                                                                                                                                                                                        Engineering Technology and
                                                                                                                                                                                                                                                                                                                                                     Investment Management
                                                                                                                                                                                                                                                                                                                                                                             Safety and Environment
                                                                                                                                                                                                    Enterprise Management
                                                                                                                                                                                                                                                                                               Information Management
                                                                                                                                                                                                                                                                                                                                                                             Protection Department
                                                                                                                                                                                                                                                                                                                                                                                                                                                      Supervision and Audit
                                                                                                                                                                 Business Department
                                                                                                                                                                                                                                                                                                                                                                                                                   Party and Mass Work
                                                                                                                                                                                                                             Finance Department
                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Labour Union Office
                                                                                                                                                                                                                                                               Human Resources
                                                                                                                                    Corporate Office
                                                                                                                                                                                       Department
                                                                                                                                                                                                                                                  Department
                                                                                                                                                                                                                                                                                                                                                           Department
                                                                                                                                                                                                                                                                                                                                                                                                      Department
                                                                                                                                                                                                                                                                                                                                                                                                                                         Department
                                                                                                                                                                                                                                                                                  Department
     "Listing and Delisting"         Party Members and              On-site Follow-up Work        On-site Drills Organized by
            Campaign               Cadres Taking the Lead in                                    Production Commando Teams
                                       Demonstration
NINGBO ZHOUSHAN PORT                                      Corporate          Environmental            Social                Service               Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                     Preface                                                                                                                            Appendix
COMPANY LIMITED                                          Governance           Performance          Responsibility           Quality               Outlook                                                              GOVERNANCE (ESG) REPORT
                                                                                                                      Board Professionalism and Diversity
                                                                                                                      We continuously optimize the development of the Board of Directors and enhance the professionalism and diversity
                             The Company standardizes the procedures for the convening, calling and voting
                                                                                                                      of our members. The current directors boast expertise in finance, law, shipping, macroeconomics and other fields,
                             of the Shareholders' Meeting, and fully guarantees that all shareholders exercise
                                                                                                                      providing comprehensive professional perspectives for Board decision-making. Meanwhile, strategic investors
                             their rights in accordance with the law. By deliberating and deciding on important
                                                                                                                      including CMPort and Shanghai International Port Group are introduced to further diversity the composition of the
                             matters such as the Company's operational guidelines and investment plans, the
     Shareholders'                                                                                                    Board of Directors, realize a majority of external directors over internal directors, and improve the scientificity and
                             Shareholders' Meeting provides a clear direction for the company's development
        Meeting                                                                                                       standardization of decision-making.
                             and ensures its steady growth.
                                                                                                                      Age Distribution of Board Members
                             In accordance with the Company Law of the People's Republic of China and the
                             Articles of Association, the composition of the Company's Board of Directors is
                             reasonable and legitimate, and it strictly follows the operating mechanism of "non-                                            2 Persons
                             executive directors outnumbering executive directors". The Board has five special
  Board of Directors
                             committees, namely the ESG Committee, Strategy Committee, Audit Committee,
                             Nomination Committee, and Compensation and Assessment Committee. The Board                                                                                          Below 50 years old
                             of Directors is committed to promoting the steady development of the Company,                              7
                             improving operational efficiency and enhancing market competitiveness.                                   Persons                                                    50–60 years old (including 50)
                                                                                                                                                                   Persons
        Key Performance
     During the reporting period held,
     disclosed 57 temporary announcements.
                                                                                                                      Board Independence
                                                                                                                      Multiple institutional arrangements are adopted to safeguard the independence of the Board of Directors. We specify
Board Effectiveness
                                                                                                                      that independent directors have no interest relationship with us and our major shareholders, and independent
                                                                                                                      directors are appointed from outside the Company and account for more than half of the board members.
With the revised Rules of Procedure for the Board of Directors as the core system, the Company clarifies the
                                                                                                                      Independent directors are entitled to special rights including independently engaging professional intermediaries
core authorities of the Board of Directors and review standards for various transactions, distinguishing voting
                                                                                                                      and proposing the convening of meetings. All material matters involving connected transactions shall be submitted
requirements of a simple majority for ordinary matters and over two-thirds for material matters such as external
                                                                                                                      to the Board of Directors only with the consent of a majority of all independent directors, who may convene
guarantees. We establish a dual meeting system of "regular + temporary" to standardize the full process of proposal
                                                                                                                      dedicated separate meetings for independent deliberation of relevant matters. We have established mechanisms
submission, notice, deliberation and voting. Meanwhile, we set up the Board Office as a permanent working body
                                                                                                                      including connected transaction recusal and standardized proxy attendance, to ensure that the Board performs its
to ensure the implementation of affairs. The Chairman supervises the execution of resolutions and reports on
                                                                                                                      core duties of independent decision-making and supervision, free from any undue external interference.
progress, forming a closed loop of "decision-making – execution – supervision – feedback". The Board of Directors
uniformly supervises information disclosure, discloses governance information in accordance with regulations, and
voluntarily accepts oversight from shareholders, regulators and the public. Relying on professional committees such
as the Audit Committee, we strengthen internal supervision to ensure the standardized performance of all functions
and powers and the efficient realization of governance effectiveness.
NINGBO ZHOUSHAN PORT                                       Corporate            Environmental               Social               Service                 Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                                       Preface                                                                                                                                 Appendix
COMPANY LIMITED                                           Governance             Performance             Responsibility          Quality                 Outlook                                                            GOVERNANCE (ESG) REPORT
Investor Relations Management                                                                                              Information Disclosure Management
                                                                                                                           The Company attaches great importance to information disclosure. Since its listing, the Company has ensured that
The Company is committed to building a "three-good" listed company featuring good fundamentals, good corporate
                                                                                                                           periodic reports and temporary announcements are true, accurate, complete, timely and fairly disclosed, with
governance and good investor reputation. We have established diversified channels for investor communication
                                                                                                                           no supplementary "patch" disclosures. We have formulated a series of systems including the Major Information
and holds performance briefings following the disclosure of periodic reports, at which the chairman and/or general
                                                                                                                           Disclosure Management System, established a rigorous approval process, and clarified responsibilities for information
manager, independent directors, and other senior management attend, with a 100% online response rate to
                                                                                                                           disclosure, with announcements subject to multi-level review, specially issued implementation guidelines to enhance
questions. We fully utilize information disclosure platform, comprehensively presenting our achievements in port
                                                                                                                           the awareness and capability of relevant personnel in information disclosure. We actively explore voluntary disclosure.
operation, safety management, green and low-carbon development, social responsibility and other areas through
                                                                                                                           Since 2012, we have disclosed major monthly port production data on the SSE website, setting a precedent among
periodic reports, ESG reports and other documents.
                                                                                                                           listed port companies. We have vigorously advanced ESG governance and published both Chinese and English versions
                                                                                                                           of ESG reports for two consecutive years. Combining quantitative data and practical results, these reports fully present
The Company attaches great importance to investor returns. Since our listing, we have distributed a cumulative cash
                                                                                                                           our core port business, smart and green development, and social responsibility commitment, establishing an image
dividend of RMB 18.84 billion to shareholders. As early as the ninth year after listing, we had returned all the RMB 7.4
                                                                                                                           as a high-quality blue-chip listed company. Our Wind ESG rating stands at AA, ranking among the top listed enterprises
billion of IPO proceeds to investors. In particular, over the past seven years, the annual cash dividend payout ratio
                                                                                                                           in the transportation infrastructure industry.In 2025, we were awarded Grade A in the SSE information disclosure
reached 60% of distributable profits, which further protects the interests of investors, especially small and medium-
                                                                                                                           evaluation for the third consecutive year, the highest possible rating.
sized investors. For 2024, we distributed cash dividends of RMB 2.101 billion, reaching an all-time high since our
listing. In 2025, we launched an interim dividend of RMB 584 million for the first time. We have been repeatedly
                                                                                                                           ESG Management
included in the annual A-share listed company cash dividend ranking list by the China Association for Public
Companies.                                                                                                                 The Company has always taken ESG as a core dimension of its strategic planning, deeply integrated it into the goal
                                                                                                                           of the "Double First-Class" development, continuously improved and optimized its ESG management system, and
                                                                                                                           steadily advanced the integration of ESG principles into port production, operation and management. Driven by
        Key Performance
                                                                                                                           ESG-oriented business innovation, the Company provides solid support for building a world first-class strong port.
     During the reporting period, the Company held   3 performance briefings and responded to 10 inquiries via             ESG Development Goals
     the SSE E-Interaction platform.
                                                                                                                           Overall Goals
                                                                                                                           Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we comprehensively uphold
                                                                                                                           the new development philosophy of "innovation, coordination, green, openness and shared", firmly pursue the path
       Case       Launched of the "Investors Visit Listed Company" Event                                                   of sustainable development, promote the coordinated development of the "Three Models and Five Modernizations",
                                                                                                                           accelerate the development of "Four First-Class ", deeply embed the ESG concept, and strive to build ourselves into
                                                                                                                           a world-class ESG benchmark and demonstration enterprise.
     On December 5, 2025, the series e vent "I Am a
     Shareholder – Investors Visit Shanghai Stock Exchange                                                                 Stage Goals                                                                                       ?The Third Stage
     Listed Companies" co-hosted by the SSE and Guosheng
     Securities was held at our company. More than 40                                                                                                                                                                        (2025-2027)
     investor representatives gained a comprehensive
                                                                                                                                                                                    ?The Second Stage
     understanding of our development history and current
                                                                                                                                                                                    (2025-2026)
     operations through panel discussions and exhibition hall
                                                                                                                                                                                                                   Fully integrate ESG
     visits. Mr. Ding Songping, Director and Deputy General                                                                                ?The First Stage                                                        concepts to help the
     Manager of the Company, attended the event. We gave
                                                                                                                                           (2024-2025)                                                             Company thrive.
     a detailed introductions regarding our development                                                                                                                   Strengthen ESG
     history, operational highlights and future prospects,                                                                                                                management capacity and
     and exchanged views on hot issues concerned by                                                                                                                       enhance the development
     investors including port operation efficiency, smart port                                                                 Create high-quality ESG                    momentum of enterprises.
     development and cost control.                                        Scene of Investor Exchange Activities                reports and improve the
                                                                                                                               Company's rating level.
NINGBO ZHOUSHAN PORT                                                                                                                                         Corporate                                                                                            Environmental                                                                          Social                                                      Service               Future                                                         2025 ENVIRONMENTAL, SOCIAL AND
                                                                                                  Preface                                                                                                                                                                                                                                                                                                                                                        Appendix
COMPANY LIMITED                                                                                                                                             Governance                                                                                             Performance                                                                        Responsibility                                                 Quality               Outlook                                                               GOVERNANCE (ESG) REPORT
                 Key Performance                                                                                                                                                                                                                                                                                                                                                                                ESG Management Mechanism
           During the reporting period,                                  1 ESG Committee meeting was held.                                                                                                                                                                                                                                                                                                      Through a series of institutional documents including the Working Rules of the Company's ESG Committee and the
                                                                                                                                                                                                                                                                                                                                                                                                                Environmental, Social and Governance (ESG) Management System, the Company strengthens the overall guidance
           As of the end of the reporting period, our Wind ESG rating had been upgraded from Grade A in the previous                                                                                                                                                                                                                                                                                            of ESG work and promotes the standardized, institutionalized and regularized operation of ESG-related matters.
           year to Grade               AA.
                                                                                                                                                                                                                                                                                                                                                                                                                Executive Compensation Incentives
                                                                                                                                                                                                                                                                                                                                                                                                                The Company implements an evaluation mechanism that unifies rights and responsibilities with obligations, giving
ESG Management System                                                                                                                                                                                                                                                                                                                                                                                           equal weight to incentives and supervision, and promotes a compensation management approach that combines
                                                                                                                                                                                                                                                                                                                                                                                                                short-term business objectives with long-term strategic planning and integrates performance evaluations with
ESG Management Structure                                                                                                                                                                                                                                                                                                                                                                                        management assessments. The compensation level of senior management personnel is linked to their respective
                                                                                                                                                                                                                                                                                                                                                                                                                jurisdictions of duties, and subject to comprehensive assessment against our operational development, work safety,
The Company has established an ESG management system consisting of the Board of Directors, the ESG Committee,                                                                                                                                                                                                                                                                                                   environmental protection, energy conservation and emission reduction indicators.
the ESG Leading Group and the ESG Working Group, forming a complete, clearly structured, well-defined and
efficiently operational ESG governance framework. The job responsibilities of personnel at all levels, in all departments                                                                                                                                                                                                                                                                                       Stakeholder Engagement
and positions were clearly defined, providing organizational guarantee for the implementation of all ESG initiatives.
                                                                                                                                                                                                                                                                                                                                                                                                                We attach great importance to communication with all stakeholders, including governments, regulators,
                                                                                                                                                                                                                                                                                                                                                                                                                shareholders, investors, employees, customers, business partners, suppliers, and community representatives. We
                                                                                                                            Board of Directors                                                                                                                                                                                                                                                                  continuously establish diversified and regular communication mechanisms to timely listen to and fully understand
                                                                                                                                                                                                                                                                                                                                                                                                                the demands and expectations of all parties. Meanwhile, we proactively respond to stakeholder concerns, effectively
                                                                                                                                                                                                                                                                                                                                                                                                                integrate their opinions and suggestions into our decision-making processes and operational management,
                                                                                                                                                                                                                                                                                                                                                                                                                continuously optimize our management practices, and achieve collaborative development with all stakeholders.
                                                                                                                             ESG Committee
                                                                                                                                                                                                                                                                                                                                                                                                                       Stakeholder              Areas of Concerns           Communication Methods            Response Measures
                                                                                                                            ESG Leading Group
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Business Ethics              • Work Reports              • Integration into the
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Pay Tax Accordance to        • Stock Exchange              National Development
                                                                                                                            ESG Working Group                                                                                                                                                                                                                                                                        Government and
                                                                                                                                                                                                                                                                                                                                                                                                                                               Law                            Meetings                     Agenda
                                                                                                                                                                                                                                                                                                                                                                                                                  Regulatory Authorities
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Response to National         • Government                • Compliant Operations
                                                                                                                                                                                                                                                                                                                                                                                                                                               Strategies                     Conferences                • Tax Transparency
                                                                                                                                                              Information Management Department
                                                                                                                                                                                                                               Investment Management Department
                                                               Enterprise Management Department
                                                                                                                                                                                                                                                                                 Safety and Environment Protection
                                                                                                                                                                                                                                                                                                                                                       Supervision and Audit Department
                                                                                                                                                                                                                                                                                                                     Party and Mass Work Department
                                                                                                                               Human Resources Department
                                                                                                                                                                                                  Engineering Technology and
                                         Business Department
                                                                                                       Finance Department
                                                                                                                                                                                                                                                                                                                                                                                          Labour Union Office
                    Corporate Office
  Board Office
                                                                                                                                                                                                                                                                    Department
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         • Improvement of
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Corporate Governance         • Shareholders' Meetings
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Operational Capabilities
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Financial Performance        • Investor Hotline
                                                                                                                                                                                                                                                                                                                                                                                                                     Shareholders and                                                                    • Annual Reports, ESG
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Information Disclosure       • Performance Briefings
                                                                                                                                                                                                                                                                                                                                                                                                                         Investors                                                                         Reports and Interim
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Stable Investment            • E-Interaction Platform
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Announcements
                                                                                                                                                                                                                                                                                                                                                                                                                                               Returns                      • On-site Investor Visits
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         • Stable Cash Dividends
NINGBO ZHOUSHAN PORT                                    Corporate            Environmental             Social              Service               Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                  Preface                                                                                                                                Appendix
COMPANY LIMITED                                        Governance             Performance           Responsibility         Quality               Outlook                                                              GOVERNANCE (ESG) REPORT
                                                                                                                     Materiality Assessment
        Stakeholder           Areas of Concerns         Communication Methods            Response Measures
                                                                                                                     During the reporting period, we conducted a dual materiality assessment in accordance with the "Guidelines No.14
                          • Employee Rights and                                                                     of Shanghai Stock Exchange for Self-Regulation of Listed Companies - Sustainability Report (Trial)" (hereinafter
                                                       • Staff Representative       •E
                                                                                       mployee Management
                            Interests                                                                                referred to as the "Guidelines No.14") and the "Guide No.4 for Self-Regulatory Supervision on Listed Companies of
                                                          Congress                     Systems
                          • Training and Career                                                                     the SSE - Compilation of Sustainable Development Reports" (hereinafter referred to as the "Guide No.4").
                                                       • Performance Appraisal      •S
                                                                                       taff Development and
                            Development
                                                       • Petition Reception           Promotion Paths
         Employees        • Democratic                                                                              Material Topics Analysis and Research
                                                          Days                       •O
                                                                                       ccupational Disease
                            Communication
                                                       • Employee Training            Prevention and Physical
                          • Occupational Health                                                                     Combined with the characteristics of the port industry and actual business operations, we followed the double
                                                       • Company Condolence           Examinations
                            and Safety                                                                               materiality principle of financial materiality and impact materiality, distributed the Materiality Topic Questionnaire,
                                                          Visits                     •L
                                                                                       abour Union Activities
                          • Employee Care                                                                           and comprehensively analyzed the impacts of ESG topics on our finance, economy, environment and society. We
                                                                                                                     have identified 26 primary topics in total, among which 6 are classified as dual materiality topics.
                                                                                                                     We carried out in-depth ESG research, comprehensively evaluated our ESG performance, collected data through
                                                                                     • Emergency Management
                          •S
                            ervice Quality            •S
                                                         atisfaction Surveys                                        multiple channels and conducted internal departmental interviews, and performed benchmarking analysis on key
                                                                                       Measures
         Customers        •P
                            roduction Safety          •C
                                                         ustomer Visits                                             topics to clarify subsequent improvement directions.
                                                                                     • Customer Privacy
                          • I nformation Protection   •B
                                                         usiness Promotion
                                                                                       Protection
                                                                                                                     The Assessment Process of "Dual Materiality"
                                                       • Participation in                                                       01                            02                            03                             04
                                                          Industry Forums and        • Launch of Strategic
      Business Partners   • Industry Development                                                                         Understand the
                                                          Conferences                  Cooperation
                                                                                                                           background of                                               Assessment and
                                                       • Visits and Exchanges
                                                                                                                        company's activities          Establish an Issue List        confirmation of the              Report of topics
                                                                                                                            and business                                             importance of topic
                                                                                                                            relationships
                          • Responsible
                                                       • Public Bidding                                               · The Company's               · Based on the 21            · Impact Importance           · Summarize the
                            Procurement                                              •S
                                                                                       upplier Integrity
                                                          Platforms                                                       activities                    topics set out in              assessment                     process, method
         Suppliers        •M
                            utual Benefit and                                         Commitment                         and business                  the "Guidelines             · Financial                      and conclusion of
                                                       • Supplier
                            Win-Win Results                                            Agreements                         relationships                 No.14", identify               importance                     the analysis of the
                                                          Communication
                          •B
                            usiness Ethics                                                                            · The external                  other potentially              assessment                     dual importance of
                                                                                                                          objective                     important topics            · Integrate impact               topics
                                                                                                                          environment                 · Identify the relevant         and financial               · Disclose relevant
                          •E
                            nvironmental              •P
                                                         ublic Welfare
                                                                                     • Development of Green           · The key affected              impacts, risks and             importance results             information in
                            Protection                    Activities
                                                                                       Ports                              stakeholders                  opportunities                                                 accordance with
                          •R
                            ural Revitalization       •V
                                                         olunteer Activities                                                                           of the topics,                                                the requirements
                                                                                     • Advancement of Rural
     Community Partners   •P
                            ublic Welfare             •C
                                                         ompany Official                                                                               and summarize                                                 of the "Guidelines
                                                                                       Revitalization
                            Activities                    Website                                                                                       them into a list of                                           No.14"
                                                                                     • Reduction of Logistics
                          •R
                            egional Economic          •W
                                                         eChat Official                                                                                corporate topics
                                                                                       Costs
                            Development                   Account
NINGBO ZHOUSHAN PORT                                                         Corporate             Environmental                   Social               Service                      Future                                                            2025 ENVIRONMENTAL, SOCIAL AND
                                                      Preface                                                                                                                                                  Appendix
COMPANY LIMITED                                                             Governance              Performance                 Responsibility          Quality                      Outlook                                                                  GOVERNANCE (ESG) REPORT
Results of Material Topic Analysis                                                                                                               Governance
                                                                                                                                                 Compliance Management System
                                                         Pollutant Emissions                                   Product and Service
                                                                                                               Safety and Quality
     I m p a c t I m p o r ta n ce
                                                Waste Treatment                                      Employee Management                         The Company has established a three-tier compliance management organization system consisting of the governance
                                                                                                                                                 level, management level and implementation level, clarifying the compliance management responsibilities of the Party
                                                                  Water Resources Utilization
                                     Data Security and Customer                                                     Safety Management and        Committee, Board of Directors and senior management team, and forming a responsibility mechanism that "business
                                     Privacy Protection                                                             Occupational Health          management must include compliance management".
                                                                                                  Environmental Management
                                           Business Cooperation
                                                                  Tax Transparency                       Response to Climate Change              Company Compliance Organization Structure
                                          Shareholder Rights
                                                                                                                   Innovation-Driven
                                                            Corporate Governance                                                                                                                                                  Party Organization
                                                                          Investor Relations Management
                                                 ESG Governance                                                                                                                                                                   Board of Directors
                                                                    Value Creation                                                                                                                                            Senior Management Team
                                                                                     Biodiversity Conservation
                                                         Business Ethics                                                                                        Structure                                                      Compliance Committee
                                                                      Rural Revitalization
                                                                                                                                                                                                              Compliance Management Officer / Chief Compliance Officer
                                                                                       Equal Treatment of Small and Medium-sized
                                                                                                                                                                                                                  Leading Department for Compliance Management
                                                                                       Enterprises
                                                                                                                       Risk Compliance                                                                                       Compliance Administrators
                                         Social Contributions
                                                                                                          Energy Use
                                                                                                                                                 Contract Management
                                       Circular Economy                                                                         Supply Chain
                                                                                                                                Management       Taking contract management as a key
                                                                                                                                                 starting point, we have carried out initiatives
                                                                                                                                                 i n c l u d i n g t h e C o n t ra c t Te xt Q u a l i t y
                                                                                                                                                 Improvement Campaign, and innovatively
                                                                                                                                                 launched programs such as the Contract
                                                                                                       F i n a n c i a l I m p o r ta n ce
                                                                                                                                                 Text Q u a l i t y I n d ex a n d sta n d a rd i ze d
                                                                                                                                                 upgrading of contract templates. These
                                                                                                                                                 efforts have achieved comprehensive
Safeguarding Business Integrity and
                                                                                                                                                 improvement in contract text quality from
                                                                                                                                                 top-level design to practical application. In
Mitigating Compliance Risks                                                                                                                      contract implementation, we ensure 100%
                                                                                                                                                 full coverage of legal review for all contracts.
                                                                                                                                                 Relying on the achievements of business-
Compliance risk control serves as the core guarantee for our operation. We have always upheld the philosophy of                                  finance integration, we embed compliance
"comprehensive compliance, substantive compliance and continuous compliance", and established a compliance                                       review nodes into the entire process from
risk system covering all businesses, full processes and all employees. Through institutional improvement, risk                                   contract signing to performance, and realize
prevention and control, legal support, tax compliance, internal control enhancement and audit supervision, we                                    real-time connection between contract                            Contract Text Quality Improvement Campaign & Special Training on
consolidate operational defenses for our endeavor of building Double First-Class enterprise.                                                     management and financial accounting.                                                    Business Outsourcing
NINGBO ZHOUSHAN PORT                                        Corporate            Environmental              Social              Service                 Future                                                           2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                                   Appendix
COMPANY LIMITED                                            Governance             Performance            Responsibility         Quality                 Outlook                                                                 GOVERNANCE (ESG) REPORT
Tax Administration                                                                                                        Compliance risk identification
The Company strictly abides by national tax laws and regulations as well as regulatory requirements for listed            The Company has established a standardized compliance risk identification mechanism and issued the "Risk List of
companies. Focusing on tax compliance, risk prevention and control, and digital transformation, the Company               Major Compliance Obligations of Ningbo Zhoushan Port Co., Ltd. (2025 Edition)", which systematically identifies and
integrates tax administration into the entire operation process to ensure a stable and orderly tax environment.           categorizes compliance risk points in key areas including corporate governance, investment management, work safety,
                                                                                                                          environmental protection, financial and tax management, and commercial bribery, with clear risk levels and prevention
Construction and optimization of internal control system                                                                  responsibilities. Meanwhile, the "List of Laws and Regulations Involved in Production and Operation of Ningbo Zhoushan
                                                                                                                          Port Co., Ltd. (2025 Edition)" has been compiled to provide a legal basis for compliance risk identification.
The Company focuses on improving system refinement and coverage, organizes system streamlining and
assessment at all levels, and continuously optimizes system content in response to updates in laws and regulations,
adjustments to higher-level management systems, and feedback from grassroots units. The internal control system
covers the headquarters and over 40 subordinate units, achieving full coverage of core businesses.
                                                                                                                             Compliance Risk                    Compliance Risk                   Key Compliance               Compliance Issuance
Internal Audit                                                                                                                Identification &                Assessment Report                     Obligations                      Risk Alerts
                                                                                                                                Assessment                                                         Risk Inventory
The Company has implemented the "4+2+X" initiative to deepen corporate governance, and carried out special
audits covering production operations, engineering construction, bidding and tendering, enterprise-related third-
                                                                                                                          Compliance Risk Response
party services, as well as business (labor) outsourcing.
                                                                                                                          The Company and its subordinate units formulate compliance risk prevention measures based on the findings of
Strategy                                                                                                                  risk identification, assessment and early warning. For risks that are representative, prevalent or may lead to serious
                                                                                                                          consequences, we develop contingency plans and implement them into specific business processes and positions.
The Company aims at the "Double First-Class" initiative and takes the "Three Enhancements and Three Strivings"
as a key driver. Adhering to the philosophy of "comprehensive compliance, substantive compliance and sustainable          Legal Affairs, Compliance and Internal Control Training
compliance", the Company integrates compliance, and risk control into its overall development strategy. By
establishing a sound compliance and risk control system, strengthening full-process risk management and control,          The Company regularly carries out compliance training. By leveraging campaigns
and promoting the standardization and digitalization of compliance management, we prevent various compliance              including the "Zhejiang Law Publicity Month"and "Constitution Awareness
risks in operation and management, ensure the smooth implementation of corporate strategic plans, and strive to           Month", we conduct publicity and education including compliance knowledge
build a world-class enterprise with excellent products, renowned brand, leading innovation and modern governance.         popularization and legal provision interpretation, promoting the integration of
                                                                                                                          compliance culture into daily operation and management, and forming a sound
Impacts, Risks and Opportunities Management                                                                               atmosphere where "everyone emphasizes compliance and everything abides by
                                                                                                                          compliance". In May 2025, we organized a special three-in-one training on "Legal
Compliance Risk Control                                                                                                   Affairs, Compliance and Internal Control", covering deputy general managers,
                                                                                                                          general counsel, chief compliance officers and compliance backbones of all
The Company has established and improved the compliance risk management mechanism, formulated detailed                    units. Through case explanations, practical operation analysis, research and
"Implementation Rules for Compliance Risk Management", defined the responsibility of compliance risk                      exchange and other forms, we improved the overall compliance awareness and
management, effectively identified, actively managed and prevented compliance risks through "three lines of               risk prevention and control capabilities of all employees.                                 Legal Knowledge Competition
defense", and ensured the legality and compliance of business activities.
      Business Functional
                               The role of the first line of defense in gatekeeping and oversight.
         Departments
       Compliance Lead
                               The role of the second line of defense in risk identification and compliance inspection.
         Departments
     Supervision and Audit
                               The role of the third line of defense in audit evaluation.                                  special three-in-one training on "Legal    On-site Research by Shanghai Arbitration       Constitution Awareness Month
         Departments                                                                                                      Affairs, Compliance and Internal Control"                 Commission
NINGBO ZHOUSHAN PORT                                          Corporate            Environmental              Social                  Service                Future                                                           2025 ENVIRONMENTAL, SOCIAL AND
                                       Preface                                                                                                                                      Appendix
COMPANY LIMITED                                              Governance             Performance            Responsibility             Quality                Outlook                                                                 GOVERNANCE (ESG) REPORT
Internal Control Implementation and Risk Prevention and Control                                                                 Tax Administration Indicators
The Company conducts internal control self-assessment in strict accordance with regulatory requirements,                        In 2025, our tax payment scale grew in tandem with the growth of revenue and profits. No major tax violations occurred
and establishes a mechanism of "promoting rectification through evaluation and promoting progress through                       during the whole year. In 2025, the fully digital electronic invoice platform issued over 600,000 invoices cumulatively, with
rectification", strengthens the implementation of internal control defect rectification and effectiveness tracking, and         a total amount exceeding RMB 50 billion, covering over 130 internal entities and more than 800 external customers.
improves the effectiveness of internal control implementation. Each year, we publicly disclose our Internal Control
Self-Assessment Report and Internal Control Audit Report concurrently with the annual report of the listed company.             Audit and Rectification Indicators
We promote integrated risk management across internal control, legal compliance and audit, compile a collection of
typical risk cases covering ten core business areas, and enhance internal control execution capacities of all employees.
                                                                                                                                In 2025, we completed the audit of financial revenues and expenditures as well as internal control for 3 remote,
                                                                                                                                scattered and peripheral subsidiaries. We organized the internal audit rectification "look back" campaign and
Tax Risk Prevention and Control                                                                                                 a special inspection on material procurement below the quota, covering over 20 grassroots entities. Multiple
                                                                                                                                rectification lists for identified problems were issued to push for the implementation of problem rectification and
The Company establishes a monthly statistical reporting mechanism, strengthens communication with the competent                 the improvement of management efficiency.
tax authorities, and enhances tax compliance awareness campaigns. No major tax violations occurred throughout the
year, and tax risks remained generally under control. We advance the digital transformation of tax management. The fully
digital electronic invoice platform has achieved full-process invoice coverage for all our subsidiaries in Zhejiang Province,   Integrity and Self-Discipline in Compliance with
and accelerated the development of our proprietary invoice pool to improve the efficiency of tax administration.
                                                                                                                                Business Ethics
Indicators and Goals
                                                                                                                                Incorruptible Port
Compliance Management Indicators
                                                                                                                                The Company has a Supervision and Audit Department as a dedicated department in charge of management work
        Key Performance                                                                                                         including anti-corruption, integrity in business conduct and compliance supervision. Work related to anti-corruption
                                                                                                                                was coordinated and advanced by corporate directors as the supervising leader, with the responsibilities of the senior
                                                                                                                                management fully implemented, to build a standardized and effective integrity risk prevention and control system.
     As of the end of the reporting period, a total of     23 entities have obtained the ISO 37301 Compliance
     Management System Certification.                                                                                           In 2025, we strictly adhered to the integrity construction requirement of "upholding strict standards and implementing
                                                                                                                                them thoroughly", properly applied the "four forms" of supervision and discipline enforcement, and continuously
                                                                                                                                strengthened penalties for violations of disciplines and regulations. In 2025, discipline inspection organizations at
                                                                                                                                two levels disposed of 55 problem clues, filed 22 cases, imposed Party disciplinary and administrative sanctions on 22
        Institutional Development
                                                                                                                                personnel, and handled 75 personnel through targeted application of the "four forms".
     In 2025, we newly formulated       3   systems, revised    20   systems and centrally abolished       2 systems;
                                                                                                                                Integrity Measures
     Compliance management covers our headquarters and more than                   40    subsidiaries, achieving full
     horizontal and vertical coverage across the entire organization.                                                           Integrity Training
                                                                                                                                        During the reporting period
Internal Control Indicators
                                                                                                                                    The Company established    113 integrity operation posts, and carried out 1,376 themed education and
The Company ranked first on the Top 30 Zhejiang Listed Companies Internal Control Index in 2025, and have been
included in this index for seven consecutive years.                                                                                 training on integrity. The total duration of anti-corruption training reached 26,857 hours, covering
No major internal control risks occurred throughout 2025. A total of 48 entities have established standardized
internal control systems.
NINGBO ZHOUSHAN PORT                                             Corporate              Environmental                  Social                    Service               Future                                                         2025 ENVIRONMENTAL, SOCIAL AND
                                           Preface                                                                                                                                            Appendix
COMPANY LIMITED                                                 Governance               Performance                Responsibility               Quality               Outlook                                                               GOVERNANCE (ESG) REPORT
Case-Drive Correction                                                                                                                      Whistleblower Protection
The Company continues to consolidate the achievements of learning and education on thoroughly implementing
                                                                                                                                                           Avoidance system
the Central Eight-Point Regulation. Focusing on the consolidation and expansion year of Incorruptible Port initiative
themed "Rectification through Cases, Strengthened Accountability; Strict Governance with Care, Enhanced                                        · If examiners are close relatives of the parties involved or key witnesses, they shall voluntarily
Responsibility", we promote the regular and long-term development of work style construction. We compiled and                                     recuse themselves. Other relevant personnel may also request their recusal.
issued two issues of the Circular on Disciplinary Violations and Penalties, documented 9 typical cases for warning
education, and launched the second selection of outstanding units in the construction of the Incorruptible Port.                                     Discipline of case handling
We fully leverage big data for supervision, optimize scenario-based applications including material management,
bidding and tendering platform, and Kingdee financial system, and advance the standardization, specialization and                              · All petition reports shall be kept strictly confidential to protect the rights and interests of
systematization construction of the discipline inspection team.                                                                                   informants. Reception, interviews, investigation and evidence collection shall be conducted
                                                                                                                                                  by two or more personnel jointly. Any leakage of information shall be held accountable in
                                                                                                                                                  accordance with regulations.
                                                                                                                                             Supervision and discipline enforcement
                                                                                                                                               · D iscipline inspection and supervision cadres must abide by laws and regulations, strictly
                                                                                                                                                  observe work discipline, and must not overstep their authority to contact relevant personnel or
                                                                                                                                                  violate confidentiality regulations. For any mistakes or serious disciplinary violations that occur
                                                                                                                                                  during the review process, a "dual investigation for one case" mechanism will be implemented,
Meidong Company: Organized the viewing of warning videos             Daxie Container Terminal: Carried out integrity co-construction              and the direct responsibility and the responsibility of relevant leaders will be pursued.
         on disciplinary and legal violation cases                    activities between the business acceptance center and CFS
                                                                                                                                           Supplier Integrity
                                                                                                                                           We have formulated regulations including the Business Partner Compliance Management Regulations, stipulating that
                                                                                                                                           all parties signing contracts with us shall refrain from any conduct that may impair commercial integrity, and shall
                                                                                                                                           concurrently sign a compliance commitment letter.
                                                                                                                                           The disciplinary inspection departments of the subordinate entities regularly conduct open and covert inspections
                                                                                                                                           on key third-party service institutions with business cooperation ties. They carry out systematic investigations on
     Ningbo Tally: Carried out the "4+2+3" special inspection        Beilun First Container Terminal: Special Training on Integrity Risk   potential risks including abuse of port authority, petty corruption and hidden corruption arising in business operations.
                                                                   Prevention & Promotion Meeting for Incorruptible Post Establishment
Reporting Mechanism                                                                                                                        Fair Competition and Ethical Market Conduct
The Company has formulated the Rules for Discipline Inspection and Supervision Petition Reporting, clarifying                              The Company strictly adheres to laws and regulations including the Anti-Monopoly Law of the People's Republic of
acceptance scope and disposal procedures for reports. We encourage employees and the public to make legitimate,                            China, the Anti-Unfair Competition Law of the People's Republic of China, and the Provisions on the Administration
orderly and truthful reports via mail, on-site visit, telephone and online channels.                                                       of Port Operations. We have deeply integrated anti-monopoly and anti-unfair competition requirements into our
                                                                                                                                           daily operations. We are resolute in preventing acts of confusion, standardizing the use of our corporate name and
                                                                                                                                           logos, and avoiding misleading customers. Upholding commercial integrity, we record all discounts and commissions
Reporting Channels
                                                                                                                                           truthfully in accounts, and reject commercial bribery and implicit benefits transfer. When providing external services,
                                                                                                                                           we offer equal treatment to clients under identical conditions, without setting discriminatory charges or operational
                                                                                                                                           thresholds. We refrain from false advertising and truthfully disclose information such as operational efficiency and
                                                                                                Report Email:
                          Report Hotline:                                                                                                  service standards. Meanwhile, we fully open up contestable sectors, publicize charging items and their legal basis,
                                                                                                JIWEI@nbport.com.cn                        and protect customers' right to independent choice. Through compliant operations, we maintain a fair competitive
                          +86-574-27695272
                                                                                                                                           ecosystem in the port industry and consolidate the compliance foundation for sustainable development. During the
                                                                                                                                           reporting period, no lawsuits or major administrative penalties arising from unfair competition occurred.
Environmental
Performance
Pollution Prevention and Environmental
Improvement
Lean Management and Efficient Resource Utilization
Low-Carbon Emission Reduction and Addressing
Climate Change
Ecological Harmony and Biodiversity Protection
Achieved the                      Wind power consumption         Solar power consumption         Recycled water usage      representing
"3+6"          control goals      58,000,000               kWh   25,000,000                kWh   7,132,256          tons   45.85      % of total water usage
NINGBO ZHOUSHAN PORT                                           Corporate    Environmental             Social                Service                 Future                                                    2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                            Appendix
COMPANY LIMITED                                               Governance     Performance           Responsibility           Quality                 Outlook                                                          GOVERNANCE (ESG) REPORT
Pollution Prevention and Environmental                                                                                Impacts, Risks and Opportunities Management
Improvement                                                                                                           Environmental Risk Prevention
                                                                                                                      The Company attaches great importance to environmental risk prevention and control, and continuously
                                                                                                                      improves the environmental hidden danger investigation mechanism, formulates and implements the Procedures
Environmental Management
                                                                                                                      for the Identification, Evaluation, Management and Control of Environmental Aspects, the Emergency Plan for
                                                                                                                      Environmental Emergencies, and the Regulations on the Investigation and Management of Environmental hidden
Governance                                                                                                            dangers. We carry out investigations of risks and hidden dangers in all fields and establish dynamic lists, regularly
                                                                                                                      conduct trend analysis of hidden danger data, and implement full-chain remediation with "one policy for one issue"
Adhering to the principle of "ecological priority and green low-carbon development", we comply with relevant          based on the investigation results, forming a closed-loop management mechanism of "investigation-rectification-
national laws and regulations, and continuously improve our environmental management system. We have                  evaluation-optimization". We have set up an environmental emergency management organization, and organized
formulated and implemented institutional documents including the Regulations on the Management of Ecological          environmental emergency drills to effectively improve the efficiency of hidden danger remediation and the capacity
and Environmental Protection, the Environmental Sanitation Responsibility System and Assessment Measures,             of joint emergency prevention and control, so as to effectively prevent environmental risks.
and the Environmental Target Management Responsibility Statement. As the competent department, the Safety
and Environment Protection Department takes overall responsibility for the planning and implementation of                    Key Performance
environmental protection initiatives, strengthens supervision, guidance, inspection and assessment, presses
forward environmental protection responsibilities at all levels, and ensures that all environmental protection
requirements are integrated throughout the entire operation process.
                                                                                                                          A total of   5 company-level environmental emergency drills (joint defense drills) were organized during the
                                                                                                                          reporting period.
The Company continues to increase investment in environmental protection, with a focus on the construction of
environmental protection infrastructure and equipment upgrading and renovation, such as the construction of dust
suppression facilities in storage yards, and the optimization of sewage and rainwater treatment processes, so as to
comprehensively consolidate the hardware foundation for environmental management.
       During the reporting period
     Environmental protection investment reached RMB      360.6 million;
     A total of   14 subsidiaries under the Company have successfully obtained ISO 14001 Environmental
     Management System Certification.
Strategy
Guided by Xi Jinping Thought on Ecological Civilization,
the Company thoroughly implements the spirit of
relevant conferences on ecological and environmental
protection, fosters and practices the concept of "lucid
                                                                                                                                                                  Conducted Joint Defense Exercises
waters and lush mountains are invaluable assets".
Centering on key areas including pollution prevention,                                                                Environmental Education Activities
ecological conservation and efficient resource utilization,
we establish a systematic and regular mechanism for                                                                   The Company attaches importance to environmental protection training, publicity and education. Combined
environmental protection advancement, and underpin                                                                    with important nodes such as the World Environment Day, we carry out various forms of environmental publicity
the development of "Double First-Class" with high-                                                                    activities to popularize environmental protection knowledge and laws and regulations among employees and
quality ecological environment.                                                                                       enhance their environmental awareness.
NINGBO ZHOUSHAN PORT                                          Corporate             Environmental              Social             Service                  Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                 Appendix
COMPANY LIMITED                                              Governance              Performance            Responsibility        Quality                  Outlook                                                            GOVERNANCE (ESG) REPORT
                                                                                                                                    Key Performance
        Case      Publicity and Education Activities on World Environment Day in 2025
                                                                                                                                 During the reporting period, all the "3+6" management and control targets have successfully        met and
      In 2025, Beilun First Container Terminal closely focused on the theme of "Beautiful China, I Lead the Way",
      created an immersive environmental protection atmosphere by building a three-dimensional publicity matrix                  completed.   No major environmental incidents occurred, and there were no incidents of being subject to major
      consisting of large-scale publicity boards, posters and circular videos at elevator entrances. At the management           administrative penalties by relevant departments such as the Ministry of Ecology and Environment or being held
      practice level, led by the Engineering Department, the publicity and education activities were closely combined
                                                                                                                                 criminally responsible due to environmental incidents.
      with green port construction and hidden danger investigation and rectification, and in-depth learning was
      carried out on typical cases of energy conservation, consumption reduction and pollution prevention and
      control to consolidate the foundation of environmental protection management. At the same time, relying
      on the "Polaris Safety Island" official WeChat account, an online prize-winning quiz was launched, attracting          Management of "Three Wastes" Discharge
      in publicity coverage and work promotion effectiveness, effectively played an exemplary leading role, and
                                                                                                                             Wastewater Discharge Management
      provided a solid awareness guarantee for the construction of a green demonstration port area.
                                                                                                                             The Company strictly abides by relevant laws and regulations such as the Environmental Protection Law of the
                                                                                                                             People's Republic of China, and the Water Pollution Prevention and Control Law of the People's Republic of China,
                                                                                                                             as well as internal institutional documents including the Ship Pollution Prevention Regulations, Cabin Sewage
                                                                                                                             and Water Management Guidelines, Domestic sewage treatment guidelines and Ship garbage management
                                                                                                                             guidelines. We standardize the management of production sewage, domestic sewage, oily sewage and ship ballast
                                                                                                                             water, establish clear wastewater emission reduction targets, and take a series of measures to promote the timely
                                                                                                                             achievement of the targets.
                                                                                                                             Wastewater Discharge Goals
                                                                                                                                        Goal
                                   Environmental Protection Offline Publicity and Education
                                                                                                                                                        By the end of 2026, the Company's wastewater discharge intensity (tons per RMB 1
Indicators and Goals
                                                                                                                                                        million revenue) will decrease by   2 % year-on-year.
The Company has established the "Three Nos and Six Improvements(3+6)" environmental management target
system, decomposed tasks at all levels and consolidated management responsibilities. Through multiple measures
such as regular management and control, special supervision and technical upgrading, we ensure the effective
implementation of the targets.
                                                                                                                                      Strategy
                  · No environmental pollution incidents at or above the general level, no general or above public health
     Three Nos
                     incidents, no occupational diseases cases.
                                                                                                                                 Strictly implement environmental compliance requirements, ensure               100% compliant discharge of
                                                                                                                                 industrial and domestic wastewater by improving sewage treatment facilities and optimizing wastewater
             · Improve the proportion of reclaimed sewage and ensure that the discharged sewage meets the standard;
                Improve dust prevention and suppression measures to keep dust concentration below the standard value;            treatment processes; fully promote the construction of "zero direct discharge of sewage" port areas, reduce
                Improve the compliance of hazardous waste storage and disposal; Improve the level of environmental               the total amount of pollutant emissions, improve the level of wastewater resource utilization, and minimize
     Six
                protection equipment and facilities to ensure the good working condition of existing equipment; Improve          the impact of wastewater discharge on the surrounding ecological environment.
Improvements    the emergency response capacity for environmental incidents; Improve the management level of food
                hygiene, vector disinfection and prevention of major infectious diseases.
NINGBO ZHOUSHAN PORT                                          Corporate           Environmental              Social                 Service                 Future                                                            2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                     Appendix
COMPANY LIMITED                                              Governance            Performance            Responsibility            Quality                 Outlook                                                                  GOVERNANCE (ESG) REPORT
Sewage Control Measures                                                                                                       Water Source Conservation
In accordance with the requirements of "zero direct discharge of sewage", the Company improves sewage treatment               The Company implements a multi-pronged strategy encompassing operational
facilities, equips accident fire water collection facilities and special sewage treatment systems in key areas such as oil    controls, facility upgrades, and emergency oversight to safeguard water sources
and gas docks and chemical docks, and conducts classified collection, detection and treatment of various types of             while advancing green development. Through whole-process protection,
sewage before reaching the standard for reuse or being connected to the pipe network. We strengthen sewage detection,         deployment of eco-friendly equipment, and coordinated emergency response
equip mobile monitoring equipment for accurate sampling and detection of port wastewater, strictly implement the              mechanisms, we actively protect water source areas, achieving a win-win
mechanisms of "look back", "re-closed loop" and "repeated inspection", and form a management closed loop.                     outcome for both ecological conservation and operational growth.
                                                                                                                              During terminal handling operations (especially for crude oil, chemical products
     Case       The New Super-magnetic Sewage Treatment System of Beilun Ore Terminal Branch Put into Use                     and other hazardous cargoes), we upgrade leakage prevention facilities such as
                                                                                                                              anti-seepage pallets and oil booms. High-pollution-risk operations are prohibited
                                                                                                                              within and around drinking water source protection zones. We optimize vessel
     Beilun Ore Terminal Branch adheres to the principle                                                                      navigation routes to avoid core waters of primary drinking water source protection
     of "100% collection and 100% treatment" of rainwater                                                                     zones. Meanwhile, we strengthen water quality monitoring around anchorages
     and sewage, and continuously improves the treatment                                                                      and waterways to ensure that core operations including cargo handling and
     process and reuse level. At present, the Beilun Operation                                                                navigation will not compromise the safety of water sources.
     Department is constructing a super-magnetic sewage
     treatment system, upgrading the existing four-level                                                                      We integrate environmental protection investment with port infrastructure
     sedimentation tank, adding integrated super-magnetic                                                                     construction. For instance, we build rainwater and sewage diversion systems and
     separation equipment and related supporting facilities.                                                                  wastewater recycling devices within port areas. The recycled water is reused for
     The suspended solid concentration of the effluent                                                                        operational scenarios including yard sprinkling and equipment cleaning, which
     water is stably controlled below 10-30mg/L, meeting                                                                      reduces freshwater intake and prevents wastewater from polluting water sources.
     the industrial reuse standard. Relying on the ecological                                                                 We upgrade shore power systems for vessels and promote new energy equipment
     environment management and control system, Zhongzhai                                                                     such as electric container trucks to mitigate the impact of exhaust emissions and
     Dock integrates multi-factor monitoring functions such                                                                   noise on the ecosystem around water source protection zones, while improving
     as air, water quality and noise, promotes the intelligent                                                                operational efficiency.
     transformation of the online sewage treatment monitoring
     system and reclaimed water reuse facilities, realizes the                                                                We establish an emergency linkage mechanism for water source risk response, and
     full-process intelligent scheduling of "collection-treatment-                                                            conduct regular leakage emergency drills in combination with vessel scheduling
     reuse" for the newly added ballast water recovery                                                                        and terminal operation procedures. We add water source protection reviews
     system in Zhongzhai, and comprehensively improves the            Sewage Treatment System of Beilun Ore Terminal          in cargo access and operation approval procedures to impose environmental
     efficiency of water resource recycling.                                             Branch                               constraints throughout all core business processes, so as to achieve a win-win
                                                                                                                              result of robust port development and sound ecological environment.                           Reclaimed Water Sprinkling
Major pollutants in wastewater generated from our operations include chemical oxygen demand, ammonia nitrogen,
                                                                                                                              Exhaust Emissions Management
total nitrogen, and total phosphorus, all of which are regulated under the pollutant discharge permit. During the reporting
period, we achieved compliant discharge of our wastewater.
                                                                                                                              The Company strictly complies with the Environmental Protection Law of the People's Republic of China , the Law of
                                                                                                                              the People's Republic of China on the Prevention and Control of Atmospheric Pollution, and other applicable laws
                         Pollutants                                        Annual Total Emissions (tons)                      and regulations. We have established internal regulations including the Regulations on the Management of Ecological
                                                                                                                              and Environmental Protection and the Management Standards for Dust and Wastewater Pollution Control, clarifying
              Industrial Wastewater Discharge                                           568,776                               requirements and goals for air emissions, particularly for operations involving crude oil, refined oil products, and bulk cargo
                                                                                                                              handling. The Board of Directors is responsible for decision-making on major issues such as investment in environmental
             Chemical Oxygen Demand (COD)                                                22.94                                protection facilities. The deputy general manager in charge oversees overall environmental protection work, and the
                                                                                                                              Safety and Environment Protection Department undertakes daily waste gas control. By integrating regular supervision and
                Ammonia Nitrogen (NH3-N)                                                 1.11                                 inspections with special rectification actions, we consolidate the primary responsibilities of all subordinate units for exhaust
                                                                                                                              gas management, so as to prevent adverse impacts on employees, local residents and other stakeholders.
                     Total Nitrogen (TN)                                                 1.34
                                                                                                                              Our waste exhaust pollutants include conventional pollutants and characteristic pollutants, all of which are under the
                   Total Phosphorus (TP)                                                 0.91
                                                                                                                              management scope of the pollutant discharge permit. During the reporting period, real-time monitoring was implemented
                                                                                                                              for vessel exhaust gas, bulk cargo dust and volatile organic emissions from oil loading and unloading. No excessive
            Biochemical Oxygen Demand (BOD)                                              0.27
                                                                                                                              emissions were recorded in either organized or unorganized emission sources.
NINGBO ZHOUSHAN PORT                                             Corporate             Environmental           Social            Service               Future                                                             2025 ENVIRONMENTAL, SOCIAL AND
                                           Preface                                                                                                                           Appendix
COMPANY LIMITED                                                 Governance              Performance         Responsibility       Quality               Outlook                                                                   GOVERNANCE (ESG) REPORT
Exhaust Gas Control Measures
                                                                                                                                 Case       Recyclable Materials Re-purposing
                                    · F or bulk cargo operations such as coal and ore handling, we have fully
                                                                                                                               Beilun Ore Terminal Branch implemented classified management while re-purposing recyclable materials
                                         deployed special equipment including cleaning machines, dust collectors and
                                                                                                                               to promote resource circulation. Persisting in repairing and reusing old materials to reduce costs and
                                         mist sprayers, and implemented comprehensive dust prevention measures
                                                                                                                               improve efficiency is also a necessary path toward building a green port.
     Strengthen Windbreak                at bulk cargo yards. Beilun Ore Terminal Branch has newly constructed dust
     and Dust Suppression                control nets at No. 5-8 and on the southern side of Zhongzhai Yard to minimize
                                                                                                                               At the Zhongzhai Complex green belt, abandoned steel structure off-cuts were used to create a five-
                                         dust pollution to the greatest extent.
                                                                                                                               pointed star structure showcasing the "Red Terminal" dock culture. Small windmill structures were made
                                                                                                                               from discarded galvanized pipes around the mechanical repair workshop. At the workshop entrance,
                                    · We conduct special inspections on vapor recovery units, and urge entities               flower boxes were crafted from used tires, and rest benches made from discarded oil drums were installed
  Enhance Daily Inspection               including Zhenhai Port and the Yougang Barge to strictly abide by operating           to enhance the overall environment.
       and Maintenance                   procedures and strengthen routine maintenance and management.
                                    · We continue to upgrade air monitoring equipment. Meidong Company has
                                         completed the construction of the online vessel exhaust monitoring system
     Improve Air Monitoring              and ambient air quality monitoring system, enhancing real-time monitoring
            Capacity                     capacity of waste gas emissions.
                            Pollutants                                            Annual Total Emissions (tons)
                     Total Exhaust Emissions                                                 23,487
                                                                                                                                                        Recyclable Materials Re-purposing at Beilun Ore Terminal Branch
                      Particulate Matter (PM)                                                7,140
                        Sulfur Oxides (SOx)                                                  4,888
                                                                                                                                  Key Performance
                      Nitrogen Oxides (NOx)                                                  15,867
                                                                                                                               During the reporting period, total hazardous waste disposal amounted to        1,747 tons; total general waste
Waste Management
                                                                                                                               disposal amounted to    21,308 tons.
The Company strictly complies with the Law of the People's Republic of China on the Prevention and Control of
Environmental Pollution by Solid Wastes, the Measures for the Administration of Permit for Operation of Dangerous
Wastes, and other relevant laws and regulations. We have formulated the Management Measures for Waste Materials              Noise Management
to clarify classification standards, collection and storage specifications, and disposal procedures for general waste
and hazardous waste. The Safety and Environment Protection Department oversees related work to advance green
port operations.                                                                                                              The Company prioritizes the procurement of low-noise
                                                                                                                              equipment to minimize operational noise at the source. In
                                                                                                                              conjunction with warning signs, horn prohibition and speed
                     General Waste                                                   Hazardous Waste
                                                                                                                              limit regulations, we strengthen on-site management and
                                                                                                                              control. Meanwhile, we build green barriers and carry out
                                                               · Equipped with dedicated hazardous waste storage
     · D esignated storage and centralized                                                                                   corridor reconstruction to achieve physical isolation. Through
                                                                  warehouses and intelligent hazardous waste weighing
       collection;                                                                                                            multiple measures, we mitigate environmental disturbance
                                                                  system;
     ·E ntrust qualified third-party units for                                                                               and safeguard the health and safety of employees and
                                                               ·Formulated hazardous waste management plans and
       proper disposal;                                                                                                       surrounding residents.
                                                                 signed agreements, entrusting licensed hazardous
     ·Enhance recycling and reuse.                               waste treatment companies for transportation,                     Replacement of Bulldozers with New GB-compliant Single-
                                                                                                                                                                          bucket Machines
                                                                 harmless disposal, or comprehensive utilization.
NINGBO ZHOUSHAN PORT                                       Corporate            Environmental          Social              Service                    Future                                                          2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                               Appendix
COMPANY LIMITED                                           Governance             Performance        Responsibility         Quality                    Outlook                                                                GOVERNANCE (ESG) REPORT
Efficient Resource Utilization through Lean                                                                          Water Sources Conservation Measures
Management
                                                                                                                              Strengthen the Circular                         Promote Water-Saving                   Intensify Education and
                                                                                                                                 Utilization System                        Technologies and Equipment                      Awareness
                                                                                                                       Optimize rainwater and sewage treatment             Comprehensively deploy water-          Implement water conservation
Water Resource Utilization                                                                                             processes to enhance the port wastewater            saving devices including sensor        campaigns to disseminate
                                                                                                                       collection and treatment capacity, expand           faucets to eliminate domestic          practical water-saving
The Company continues to refine its water resource management system, having established the Regulations               the application ratio of reclaimed water in         water waste at the source.             techniques to employees.
on Water Resources Protection and Management to define end-to-end management requirements for water                    scenarios including terminal surface sprinkling,    Conduct routine inspections            Display water-saving signage
                                                                                                                       equipment washing, and green space irrigation       and upgrades of the port water         in operational areas and office
conservation, recycling, and pollution prevention. The Safety and Environment Protection Department leads the
                                                                                                                       to reduce fresh water consumption. Enhance          supply pipelines to reduce the         spaces to foster a strong culture
coordination of water resource management initiatives, while all subsidiary entities implement their respective
                                                                                                                       the operation and maintenance of rainwater          pipeline leakage rate.                 of "everyone saving water, in
accountabilities, ensuring comprehensive responsibility coverage across both horizontal and vertical dimensions.       collection systems to fully utilize natural water                                          everything we do, at all times".
                                                                                                                       resources for production supplementation,
Goal Planning                                                                                                          increasing the utilization rate of non-
                                                                                                                       conventional water resources.
Water resources of the Company are primarily deployed for port production operations and ancillary support
functions, including bulk cargo yard sprinkling and dust suppression, dock equipment cleaning, and employee
domestic use. To effectively control water consumption, we have defined core control indicators for 2025 and         Energy Management
promoted the achievement of goals.
                                                                                                                     Governance
Water Resource Control
                                                                                                                     The Company advances the development of energy management system, continuously improves internal rules including the
                                                                                                                     Measures for Energy Conservation Management, and the Measures for Power Supply and Consumption Management. New
            Goal                                                                                                     systems have been issued, such as the Specifications for Application and Management of Port New Energy Equipment, and
                                                                                                                     the Interim Measures for Carbon Asset Management, establishing a comprehensive institutional framework covering energy
                                                                                                                     procurement, consumption, recycling, and emission reduction. One dedicated Vice General Manager has been appointed to
                        By the end of 2026, water resource usage intensity will decrease by 2% year-on-year and
                                                                                                                     oversee energy affairs, with annual energy-saving and carbon intensity indicators integrated into the key task list and cascaded
                        the proportion of recycled water will increase by 2%.
                                                                                                                     down to all grassroots energy-consuming entities. The Engineering Technology and Information Management Department
                                                                                                                     serves as the lead department for energy management, responsible for setting and assessing energy-saving indicators for
                                                                                                                     grassroots entities, thereby providing robust support for the Company's green and low-carbon operations.
          Strategy
                                                                                                                     Strategy
     Continuously optimize the port water supply and consumption system by expanding rainwater harvesting            Aligned with Dual Carbon Goals, the Company implements an energy strategy centered on cleanliness, low-carbon
     and reclaimed water reuse scales to enhance the utilization rate of non-conventional water sources.             development, safety, efficiency, and smart collaboration, deeply integrating energy transition with port development.
     Building on this foundation, leverage refined management measures to strictly control total fresh water         Focusing on four strategic directions namely energy cleanliness, electrification of energy consumption, intelligent
     intake and unlock the full potential of water recycling, thereby achieving circular and efficient water         management, and collaborative carbon reduction, we develop renewable energy projects, promote new energy
     resource utilization.                                                                                           equipment, construct smart energy systems and enhance green fuel services. These efforts accelerate the development
                                                                                                                     of a new-type port energy system, positioning a benchmark for green and low-carbon ports.
        Key Performance                                                                                              Impacts, Risks and Opportunities Management
                                                                                                                     Diversified Supply, Green at Source
     During the reporting period: Fresh water intake reached
     Recycled water usage reached 7,132,256 tons, representing 45.85% of total water usage;
                                                                                                                     The Company fully leverages its natural endowments and spatial resources to continuously expand the deployment of
                                                                                                                     renewable energy projects. Through the coordinated operation of distributed photovoltaic (PV) systems, wind power
     Total water resource usage reached 15,556,357 tons;                                                             generation, energy storage systems, and hydrogen energy facilities, we reduce our reliance on traditional fossil fuels. In
     Water resource usage intensity reached 501.49 tons per RMB 1 million revenue.                                   2025, our total green power generation exceeded 83 million kWh, providing stable, clean, and low-carbon energy support
                                                                                                                     for port production and operations, thereby reducing carbon emission intensity at the source.
NINGBO ZHOUSHAN PORT                                              Corporate             Environmental               Social              Service                  Future                                                               2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                                        Appendix
COMPANY LIMITED                                                  Governance              Performance             Responsibility         Quality                  Outlook                                                                     GOVERNANCE (ESG) REPORT
                  Grid Connection and Operation of Ningbo Zhoushan Port's Largest Rooftop Distributed                                                92 New Electric Container Trucks Fully Delivered and Put into Operation at Beilun First
      Case                                                                                                                              Case
                  PV Project                                                                                                                         Container Terminal
                                                                                                                                       To advance the development of a green and low-carbon terminal, Beilun First Container Terminal vigorously promotes
     In May 2025, Zhejiang Seaport Smart Energy Company successfully
                                                                                                                                       clean energy equipment. A total of 92 newly added electric container trucks have all arrived at the port, lifting the
     completed the grid connection of a batch of PV projects in Digital
                                                                                                                                       proportion of electric container trucks above 50%. Upon full deployment, these vehicles are projected to reduce CO2
     Cross-border Logistics Company, Nanjing Mingzhou, Wenzhou
                                                                                                                                       emissions by approximately 3,818 tons annually and save energy costs by approximately RMB 10.58 million, supporting
     Zhuangyuanao and other companies, with a total installed capacity
                                                                                                                                       the optimization of the terminal's energy structure.
     of 15.94 MW. Among them, the 6 MW project of Digital Cross-border
     Logistics Company is the largest rooftop PV project in the port area
     in terms of installed capacity. The cumulative installed capacity of
     smart energy distributed PV projects has reached 17.45 MW, with an
     estimated annual power generation of 20 million kWh. It is equivalent
     to an annual reduction of approximately 10,800 tons of CO2 and other
     greenhouse gases (GHG). Rooftop PV projects with a capacity of over 25
     MW have been connected to the grid at multiple sites including Nanjing
     Mingzhou, Zhoushan Zongbao Zone, Meishan Digital Cross-border
     Logistics, Meishan Yuanda Warehouse, Haiyan Port Area, Beilun First
     Container Terminal and Wenzhou Zhuangyuanao Port Area. The overall
     PV installed capacity has exceeded 36 MW.                                            Distributed PV Projects
                                                                                                                                                                                       Electric Container Trucks
Equipment Substitution for Lower-Carbon Operations
The Company is comprehensively advancing energy substitution for port operating equipment, building a full-scenario green
                                                                                                                                  Value-Added Services and Supply Chain Decarbonization
equipment system covering container trucks, mobile machinery, port machinery, and vessels. Through the large-scale introduction
of electric equipment, pilot hydrogen energy applications, and the retrofit of traditional port machinery power systems, we are   Capitalizing on its strategic position as a key port hub, the Company deeply integrates low-carbon energy transition with industrial
transitioning operational processes from "fossil fuel dependence" to "clean energy leadership". In 2025, the proportion of new    chain collaboration. By enhancing green fuel services, optimizing transport structures, and establishing industry benchmarks, we
energy mobile machinery increased significantly, reducing CO2 emissions by over 13,000 tons for the full year. While lowering     expand carbon reduction efforts from internal port operations to the whole supply chain, and lead the green transformation of the
environmental impact, this initiative has also enhanced operational efficiency through reduced energy consumption costs.          port and shipping industry.
                  Ningbo Ocean's 740TEU Full Electric Container Vessel Project Selected as a National                                   Case         Fulfilling Zhejiang Province's First Marine Green Methanol Bunkering Operation
      Case
                  Green and Low-Carbon Demonstration Project
                                                                                                                                       Responding to global shipping decarbonization
     To promote the zero-carbon transformation of the                                                                                  pressures and environmental regulations issued
     shipping industry, Ningbo Ocean has implemented                                                                                   by the IMO (International Maritime Organization),
     its green development philosophy by initiating                                                                                    Ningbo Zhoushan Port bunkered green methanol
     the construction of the world's largest and China's                                                                               for the vessel COSCO SHIPPING Libra berthed at
     first batch of 10,000-ton-class 740TEU full electric                                                                              Meishan Port Area in September 2025, marking the
     container vessels. Equipped with intelligent green                                                                                official launch of Zhejiang Province's first marine
     equipment, these vessels achieve zero emissions                                                                                   green methanol bunkering business. Ningbo
     throughout both operation and berthing. The                                                                                       Zhoushan Port has become one of the few domestic
     project has been successfully selected for the                                                                                    ports capable of providing three types of green fuel
     national second batch of Demonstration Projects                                                                                   bunkering services, namely Liquefied Natural Gas,
     Featuring Advanced Green and Low-Carbon                                                                                           biofuel and methanol, injecting fresh momentum
     Technologies, with the first vessel launched on                                                                                   into the construction of the Yangtze River Delta
     September 29, 2025.                                            10,000-ton-class 740TEU Full Electric Container Vessel             shipping hub.                                                               Green Methanol Bunkering
NINGBO ZHOUSHAN PORT                                                 Corporate         Environmental             Social             Service               Future                                                     2025 ENVIRONMENTAL, SOCIAL AND
                                            Preface                                                                                                                              Appendix
COMPANY LIMITED                                                     Governance          Performance           Responsibility        Quality               Outlook                                                           GOVERNANCE (ESG) REPORT
Digital Empowerment and Refined Operations                                                                                     The Company's energy consumption covers direct energy (gasoline, diesel, natural gas, fuel oil, etc.) and indirect
                                                                                                                               energy (purchased electricity, wind power, solar power, purchased steam, etc.), forming a diversified energy
The Company leverages digital transformation to drive quality and efficiency improvements in energy management.
                                                                                                                               consumption structure.
By establishing an integrated management platform, deploying intelligent dispatch systems, and refining energy
consumption monitoring mechanisms, we achieve precise accounting of energy consumption, intelligent regulation
of equipment operation, and closed-loop optimization of management processes. This transition shifts energy                                                                                                                     2025 Usage
                                                                                                                                      Energy Type                        Indicators                       Unit
management from "experience-based" to "data-driven and intelligent" practices. Additionally, a regular energy audit                                                                                                               Volume
mechanism has been instituted, conducting comprehensive audits of major energy-consuming entities every three
                                                                                                                                                                          Gasoline                        tons                      1,397
years to accurately identify energy-saving potentials. The ETMS system enables monthly reporting and dynamic
tracking of energy-saving targets for major energy consumers, ensuring controlled progress against objectives.                                                             Diesel                         tons                     88,267
                                                                                                                                      Direct Energy                      Natural Gas                       m?                     462,210
        Case         Meidong Company Launches Integrated Energy Management System
                                                                                                                                                                    Liquefied Natural Gas                 tons                       807
      To ensure power stability and achieve energy visibility for                                                                                                          Fuel Oil                       tons                    185,340
      its "10-million TEU capacity" terminal, Meidong Company
                                                                                                                                                                      Purchased Steam                      GJ                       3,073
      officially launched its integrated energy management
      system. Based on a "wind-solar-storage" integrated energy                                                                                                     Purchased Electricity                 kWh                   827,002,945
      management platform, the system consolidates four
      major energy forms, interconnects multiple independent                                                                                                        of which: Wind Power                  kWh                    58,000,000
      subsystems, and adds five core functionalities. It enables                                                                     Indirect Energy
                                                                                                                                                                    of which: Solar Power                 kWh                    25,000,000
      real-time energy monitoring, intelligent regulation, and
      paperless operations & maintenance (O&M). By replacing                                                                                                Renewable Energy Consumption                  kWh                    83,000,000
      manual inspections, the system significantly reduces
      work order processing time and enhances O&M and                                                                                                        Renewable Energy Proportion                   %                          2
      management efficiency. This advancement propels the
      port area's energy management into a new phase of                                                                                                       Total Comprehensive Energy
                                                                                                                                                                                                  tons of standard coal           499,169
      intelligent control, supporting the green and low-carbon                                                                   Comprehensive Energy                   Consumption
      transformation of energy systems.                                      Integrated Energy Management System
                                                                                                                                      Consumption                Comprehensive Energy            tons of standard coal /
                                                                                                                                                                    Consumption Intensity        RMB 1 million revenue
The Company carries out energy conservation and emission reduction awareness campaigns and knowledge
competitions for employees, advocating strict control over the use of office air conditioning and lighting. The
utilization rate of LED lighting in storage yards, large equipment, and office areas has exceeded 90%. Energy
management principals and officers from key energy-consuming entities participate in training programs such
                                                                                                                               Response to Climate Change
as the energy management personnel training courses organized by Ningbo City, so as to enhance their energy
management skills and professional competence.                                                                                 In active response to the national Dual Carbon Goals strategy, the Company takes low-carbon emission reduction
                                                                                                                               as a key focus, and regards addressing climate change as a core responsibility for sustainable development. We
Indicators and Goals                                                                                                           proactively shift toward a green and low-carbon operation model in daily management, and realize coordinated
                                                                                                                               progress in environmental performance and business growth.
The Company formulates its 2025 energy control targets in accordance with national policies on energy conservation
and carbon reduction, industry green development standards, and its medium-and-long term ESG planning.
                                                                                                                               Governance
     Energy Control Goals
     Deepen the green transformation of the energy structure, intensify the deployment of renewable energy such                Governance System Development
     as wind and solar power, continue to promote new energy equipment such as electric container trucks and
     green port machinery, and increase the proportion of clean energy usage. Simultaneously, optimize the energy              The Company attaches great importance to the source control of climate risks. The Board of Directors oversees
     consumption structure, strengthen smart energy management, and promote a continuous decline in energy                     overall progress and coordinates the implementation of management measures such as climate risk identification,
     consumption per unit of output, contributing to the achievement of carbon peaking and carbon neutrality goals.            scenario analysis, and emission reduction initiatives, ensuring the deep integration of climate management with
                                                                                                                               port operations.
NINGBO ZHOUSHAN PORT                                                Corporate             Environmental                 Social                 Service                    Future                                                                2025 ENVIRONMENTAL, SOCIAL AND
                                             Preface                                                                                                                                              Appendix
COMPANY LIMITED                                                    Governance              Performance               Responsibility            Quality                    Outlook                                                                      GOVERNANCE (ESG) REPORT
 Climate Change Control
                                      Role                                          Responsibilities
          Entity                                                                                                                                                                                                        Scope of       Time Horizon
                                                                                                                                                                                                                       Enterprise       (Short-term:
                                                    Fully responsible for the strategic layout and advancement of climate change              Risk                          Analysis of Potential Financial              Impact        <3 years; Mid-       Core Response
                                Highest Decision-                                                                                                         Risk Factors
      Board of Directors                            responses, and formulates and reviews the effectiveness of the Company's climate       Categories                                   Impacts                       (Upstream,          term: 3–5           Measures
                                     Maker
                                                    change management and internal control systems.                                                                                                                   Operations,       years; Long-
                                                                                                                                                                                                                     Downstream)      term: >5 years)
                                                    Assessing climate-related impacts, risks, and opportunities;
                                                    Tracking and supervising key climate indicators and GHG emission reduction
                                                    progress;                                                                                                                                                                                           1.Upgrade fog navigation
                                   Corporate                                                                                                                                                                                                               technologies (e.g., 5G
      ESG Leading Group                             Maintaining close communication with stakeholders on climate-related matters and
                                  Management                                                                                                                                                                                                               + AIS) and promote
                                                    conducting awareness and capacity-building initiatives;                                                               Operational costs: Delays (4h/call)
                                                    Regularly reporting to the Board of Directors to ensure the implementation of all                                                                                                                      all-weather intelligent
                                                                                                                                                                          increase vessel detention costs and
                                                    tasks and responsibilities.                                                             Physical       Fog-related                                                                                     piloting.
                                                                                                                                                                          reduce terminal berth turnover rates.      Operations,
                                                                                                                                             Risks:        Navigation                                                                   Short-term      2.Optimize scheduling
                                                                                                                                                                          Efficiency losses: Fluctuations in         Downstream
                                                    Implementing climate change policies and strengthening actions;                          Acute         Disruptions                                                                                     processes and
                                                                                                                                                                          navigability during fog affect gross
      Relevant Units and                            Organizing inter-departmental collaboration to advance various tasks and regularly                                                                                                                     utilize coordination
                                Executive Team                                                                                                                            profit margins.
        Departments                                 reporting to the ESG Leading Group and the Board of Directors to ensure the                                                                                                                            mechanisms to
                                                    scientific and orderly progress of climate-related work.                                                                                                                                               improve post-fog
                                                                                                                                                                                                                                                           recovery efficiency.
Strategy                                                                                                                                  Physical Climate Risks (Chronic Risks)
The Company has conducted a comprehensive climate risk screening tailored to the specific characteristics of the
                                                                                                                                          Physical Climate Risks (Chronic Risks)                                 Scope of
                                                                                                                                                                                                                               Time Horizon
port industry and its own operational realities. Through an in-depth analysis of exposure and vulnerability to climate                                                                                                          (Short-term:
                                                                                                                                                                                                                Enterprise
hazards, the Company has systematically identified key risk points that could have a material impact on its financial                                                                                                          <3 years; Mid-
                                                                                                                                             Risk                          Analysis of Potential Financial        Impact
performance and strategic objectives.                                                                                                                    Risk Factors                                                             term: 3–5       Core Response Measures
                                                                                                                                          Categories                                   Impacts                 (Upstream,
                                                                                                                                                                                                                                years; Long-
                                                                                                                                                                                                               Operations,
                                                                                                                                                                                                                                   term: >5
Physical Climate Risks (Acute Risks)                                                                                                                                                                          Downstream)
                                                                                                                                                                                                                                    years)
                                                                                                                                                                          Shortened asset lifespan:
                                                                                                                                                                          Saltwater corrosion accelerates
                                                                              Scope of        Time Horizon
                                                                                                                                                                          the depreciation of fixed assets,                                     1. R
                                                                                                                                                                                                                                                    aise the design elevation
                                                                             Enterprise        (Short-term:
                                                                                                                                                                          reducing residual value.                                                 of new terminals.
    Risk                            Analysis of Potential Financial            Impact         <3 years; Mid-      Core Response
                 Risk Factors                                                                                                                            Sea Level Rise   Increased capital costs:                Operations       Long-term    2. A
                                                                                                                                                                                                                                                    dopt new high-
 Categories                                     Impacts                     (Upstream,           term: 3–5          Measures
                                                                                                                                                                          Additional capital expenditure is                                        performance anti-corrosion
                                                                            Operations,        years; Long-
                                                                                                                                                                          required to prevent backflow by                                          building materials.
                                                                           Downstream)       term: >5 years)
                                                                                                                                                                          upgrading terminal drainage and
                                                                                                                                                                          protection systems.
                                 Revenue reduction: Suspension of
                                 port operations directly reduces                                                                                                                                                                               1. P
                                                                                                                                                                                                                                                    romote energy-efficient
                                                                                                                   typhoon emergency        Risks:
                                 current throughput revenue.                                                                                                              Energy expenditure: Surging                                              optimization of port green
                                                                                                                   management              Chronic
                                 Asset impairment: Strong winds                                                                                                           demand for cooling power                                                 lighting and automated
                                                                                                                   system with real-
                                 damage precision handling                                                                                                                directly increases operating                                             equipment rooms to
                                                                                                                   time linkage to
     Physical                    equipment (e.g., quay cranes),                                                                                                           costs.                                                                   reduce cooling energy
                                                                            Operations,                            meteorological
      Risks:       Typhoon       resulting in unexpected repair costs                          Short-term                                                   Rising        Labor costs: Indirect financial                      Mid-to-Long-        consumption.
                                                                            Downstream                             monitoring.                                                                                    Operations
      Acute                      or asset write-offs.                                                                                                    Temperatures     costs arising from high-                                 term         2. C
                                                                                                                                                                                                                                                    onstruct automated/
                                 Cost volatility: In 2025, the average                                                                                                    temperature subsidies,                                                   remote-controlled
                                                                                                                   resistance rating of
                                 berthing efficiency of container                                                                                                         employee health protection                                               terminals to reduce the
                                                                                                                   terminal equipment
                                 vessels across the port increased by                                                                                                     investments, and efficiency                                              exposure risk of manual
                                                                                                                   and improve asset
                                                                                                                   insurance coverage.
                                 of 15.46 hours.                                                                                                                                                                                                   environments.
NINGBO ZHOUSHAN PORT                                               Corporate          Environmental                Social                     Service                Future                                                            2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                                           Appendix
COMPANY LIMITED                                                   Governance           Performance              Responsibility                Quality                Outlook                                                                  GOVERNANCE (ESG) REPORT
Transition Risks                                                                                                                        Opportunities
                                                                                                                                                                                                             Scope of     Time Horizon
                                                                      Scope of                                                                                                                              Enterprise     (Short-term:
                                                                                    Time Horizon (Short-
                                                                  Enterprise Impact                                                      Opportunity     Opportunity    Analysis of Potential Financial       Impact      <3 years; Mid-
   Risk                       Analysis of Potential Financial                       term: <3 years; Mid-       Core Response                                                                                                               Core Response Measures
              Risk Factors                                           (Upstream,                                                           Categories       Factors                  Impacts                (Upstream,        term: 3–5
Categories                               Impacts                                      term: 3–5 years;           Measures
                                                                     Operations,                                                                                                                           Operations,     years; Long-
                                                                                    Long-term: >5 years)
                                                                    Downstream)                                                                                                                           Downstream)    term: >5 years)
                                                                                                                                                                        Turnover rate improvement:
                                                                                                                                                                                                                                               sensitive extreme
                                                                                                               advance the "Oil-                                        under extreme weather directly
                                                                                                                                          Operational                                                                                          weather early warning
                             Research and development                                                          to-Electric", "Oil-to-                     Operational translates into increased port
                                                                                                                                          Resilience-                                                                                          mechanism.
                             (R&D) and equipment costs: R&D                                                    Gas" and hydrogen                         Efficiency and throughput efficiency.            Operations,
                                                                                                                                            Driven                                                                         Long-term       2. Implement coordinated
                             investment reached RMB 389.83                                                     demonstration                               Customer     Market share growth: Enhances     Downstream
                                                                                                                                           Efficiency                                                                                          scheduling under
                             million in 2025, impacting short-                                                 applications.                               Stickiness   attractiveness to major global
                Energy                                                                                                                   Opportunities                                                                                         complex climatic
                             term profits and taxes.                 Upstream,                             2. Construct                                                shipping routes and strategic
               Structure                                                                 Short-term                                                                                                                                            conditions to maintain
                             Early asset disposal: Legacy            Operations                                distributed wind,                                        clients, consolidating core
              Adjustment                                                                                                                                                                                                                       operational continuity.
                             equipment such as traditional                                                     solar, and energy                                        competitive barriers.
                             fuel-powered container trucks                                                     storage systems
                                                                                                                                                                     Cost control: Green power
                             faces impairment pressure due to                                                  within the port area                                                                                                        1. Implement integrated
                                                                                                                                                                     and energy-saving projects
                             premature phase-out.                                                              to increase self-                                                                                                               wind-solar-storage
                                                                                                                                                        Energy Cost effectively reduce long-term
                                                                                                               sufficiency in green                                                                                                            projects.
                                                                                                                                                       Optimization energy operating expenses.             Upstream,      Mid-to-Long-
                                                                                                               power.                                                                                                                      2. Actively apply for
                                                                                                                                                       and Financial Capital gains: Access to special      Operations         term
                                                                                                                                                                                                                                               national and local green
                                                                                                                                                         Support     subsidies for "Green Port"
                                                                                                                                                                                                                                               port demonstration
                                                                                                                                                                     construction and low-cost green
                                                                                                                                        Transformation                                                                                         projects.
                                                                                                                                                                     financial support.
                                                                                                               energy ledgers           Driven by Low-               New business revenue: Under
                             Compliance costs: Labor and
                                                                                                               to ensure carbon          Carbon Tech                 the context of carbon tariffs,
                             system investment costs required                                                                                                                                                                              1. P
                                                                                                                                                                                                                                               lan and establish an
                                                                                                               accounting                 Innovation                 develop new low-carbon
 Transition                  for maintaining Scope 1/2/3 carbon      Upstream,                                                                                                                                                                enterprise-level carbon
                Policy                                                                                         meets regulatory                        Expansion of shipping markets by providing
   Risks                     accounting.                            Operations,           Mid-term                                                                                                                                            accounting system.
              Compliance                                                                                       requirements.                           Low-Carbon carbon footprint tracking               Operations,     Mid-to-Long-
                             Potential taxes/fees: Expenditures     Downstream                                                                                                                                                             2. E
                                                                                                                                                                                                                                               xplore value-added
                             for purchasing carbon allowances                                                                                                                                                                                 services such as supply
                                                                                                               business divisions in                     Services    Competitiveness enhancement:
                             if included in the carbon market.                                                                                                                                                                                chain carbon footprint
                                                                                                               proactively reducing                                  Differentiated service
                                                                                                                                                                                                                                              tracking.
                                                                                                               carbon footprints.                                    capabilities help increase
                                                                                                                                                                     market share.
                                                                                                                                                                      Reduced financing costs:                                             1. D
                                                                                                                                                                                                                                               eeply integrate climate
                                                                                                                                                                      Excellent compliance records                                            issues into the strategic
                                                                                                                                                          Financing   help secure low-interest ESG-                                           governance system.
                                                                                                               disclosure                 Governance
                                                                                                                                                         Optimization linked loans.                                       Mid-to-Long-     2. E
                                                                                                                                                                                                                                               nhance information
                                                                                                               transparency and           and Capital                                                      Operations
                             Financing costs: Poor green                                                                                                 and Capital Broadened funding channels:                              term            disclosure transparency
                                                                                                               proactively engage           Market
                             performance may lead to rising                                                                                                 Favor     Attract inflows of long-term ESG                                        and optimize
                                                                                                               with major rating         Opportunities
                             premiums on ESG bond financing                                                                                                           investment capital and optimize                                         international ESG rating
                                                                                                               agencies.
              Stakeholder    or divestment by ESG funds.            Operations,         Short-term /                                                                  capital structure.                                                      performance.
               Concerns      Brand value: Negative reputation       Downstream           Mid-term
                                                                                                               ESG brand
                             affecting major client occupancy
                                                                                                               promotion to             Climate Adaptability Assessment
                             decisions (e.g., supply chain
                                                                                                               reinforce the green
                             assessments by shipping giants).                                                                           The Company selects climate scenario models suitable for the port industry, systematically simulating multiple
                                                                                                               label of a "World
                                                                                                               First-Class Strong
                                                                                                                                        pathways of extreme weather and policy transitions. Based on this, we conduct impact assessments to clarify
                                                                                                               Port"                    potential financial gains and losses, and more importantly, to identify directions for optimizing asset allocation and
                                                                                                                                        enhancing operational resilience.
NINGBO ZHOUSHAN PORT                                          Corporate           Environmental             Social               Service                  Future                                                    2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                      Appendix
COMPANY LIMITED                                              Governance            Performance           Responsibility          Quality                  Outlook                                                          GOVERNANCE (ESG) REPORT
Selection of Scenario Models                                                                                               Impacts, Risks and Opportunities Management
Following the requirements of the "Scenario Analysis Process" for climate change response outlined in the
Guide No.4, the Company references the IPCC (Intergovernmental Panel on Climate Change) scenarios SSP2-4.5                 The Company has established a systematic management process to ensure climate factors are deeply integrated
(Intermediate emissions) and SSP5-8.5 (high emissions), as well as the NGFS (Network for Greening the Financial            into risk management and business decision-making.
System) scenarios aligned with the below 2° C Scenario. Combining with the specific characteristics of port business,
three core scenarios are selected to form a "baseline + stress + long-term" scenario portfolio, to analyze the potential                           Identification and Assessment
pressures the Company may face under different scenarios.
                                                                                                                                                   We follow the relevant requirements of the SSE regarding climate change issues, screen
                                                                                                                                                   key climate scenario models suitable for the port industry, simulates extreme weather and
     Scenario                                     2025 Application           Parameter Adjustment Based on the
                         Applicable Risks                                                                                                          policy transition paths, conduct climate impact assessments, and clarify the boundaries of
      Source                                          Scenarios                      Company's Port Data
                                                                                                                                                   potential gains and losses.
                                               SSP2-4.5
                      Typhoon + Fog-related    (Intermediate Emissions)   Annual typhoon frequency increases by 10%–20%;
       IPCC
                      Navigation Disruptions   SSP5-8.5                   annual heavy fog days to increase by 5%–10%                              Priority Setting
                                               (High Emissions)
                                                                                                                                                   Risks are prioritized based on their scope and severity to precisely allocate defensive
                      Fog-related Navigation                                                                                                       resources.
       NGFS           Disruptions              Below 2° C Scenario        Annual heavy fog days to increase by 5%–10%
                      (Long-term)
                                                                                                                                                   Monitoring Integration
Impact Analysis
                                                                                                                                                   We strengthen meteorological early warning and dispatching capabilities to reduce the
The Company has collected and analyzed the port's own historical observation averages over the past 10 years to                                    disruption of operational efficiency by extreme weather. Assessment results are directly
serve as the baseline for climate scenario modeling. Data indicates that the average annual frequency of typhoons                                  translated into asset allocation directions, and measures are taken to pursue a low-carbon
in the main port areas is 2.7 times, with severe typhoons of Grade 12 or above accounting for as high as 55.5%.                                    green transformation, shifting from "passive response" to "proactive governance".
Additionally, days with heavy fog average approximately 4.7% of the year (about 17 days). Based on this historical
data, we conducted a deep-dive impact analysis on our core business:
                                                                                                                           Climate Action and Transformation Results
                               Addressing the acute physical risk of typhoons, the analysis utilized the IPCC SSP5-8.5     Through strengthening emission reduction measures and enhancing system resilience, we collaboratively advance the
                               high-emissions scenario for stress testing. Projections indicate that typhoon frequency     development of green ports. Based on market-oriented mechanisms and standardized management, we continuously
                                                                                                                           results in areas such as environmental rights trading, zero-carbon benchmark creation, and clean energy.
                               annually. Coupled with the 55.5% proportion of high-intensity typhoons, extreme
                               weather may exacerbate fatigue damage to large facilities and equipment. To counter
     Extreme Climate           this, we will continue to strengthen our disaster prevention and mitigation systems,                          Green Power Driven, Zero-carbon Demonstration—Remarkable Efficiency of Meishan Port
                               ensuring asset safety and operational resilience remain within controllable limits                Case
        Stress Test                                                                                                                          Area Wind-Solar-Storage Integrated Project
        (High Risk)            through infrastructure reinforcement and optimization of emergency response plans.
                                                                                                                               As the core of Zhejiang's first low-carbon
                                                                                                                               terminal demonstration project, the Meishan
                               Addressing chronic operational disruptions caused by fog, the model focused on
                                                                                                                               Po r t A rea w i n d - s o l a r- sto ra ge i n teg rate d
                               evaluating navigational efficiency losses based on the NGFS 2° C scenario. Projections
                                                                                                                               project integrates wind, solar, energy storage
                               area will increase from 17 days to between 18 and 19 days. Although single-day
                                                                                                                               a n d i n te l l i ge n t m a n a ge m e n t s y ste m s to
                                                                                                                               build a green energy matrix. With accelerated
                               navigation restrictions have limited direct financial impact on total revenue, long-
                                                                                                                               construction progress, Meishan low-carbon
                               term efficiency losses and cumulative delays across the operational chain constitute
                                                                                                                               port area has been fully completed. Seven wind
       Operational             a moderate operational risk. To mitigate this, we will compensate for efficiency losses
                                                                                                                               turbines have been connected to the grid in
     Efficiency Impact         by upgrading intelligent meteorological early warning systems and optimizing piloting
                                                                                                                               Chuanshan Port Area and Meishan Port Areas,
       Assessment              and scheduling algorithms, thereby resisting long-term operational pressure brought
                                                                                                                               with a total installed capacity of 43.75 MW.                           Green Power Terminal
      (Medium Risk)            about by climate change.
NINGBO ZHOUSHAN PORT                                        Corporate             Environmental                Social              Service               Future                                                          2025 ENVIRONMENTAL, SOCIAL AND
                                     Preface                                                                                                                                    Appendix
COMPANY LIMITED                                            Governance              Performance              Responsibility         Quality               Outlook                                                                GOVERNANCE (ESG) REPORT
                 Forging a "Green Identity": First Green Power Certificates Usher in a New Chapter of                        Indicators and Goals
      Case
                 Port Energy Traceability
                                                                                                                             The Company aligns with the national Dual Carbon Goals, scientifically establishes its long-term vision for carbon
     On May 6, 2025, Zhejiang Seaport Smart Energy Company                                                                   neutrality, formulates climate-related indicators and phased targets in a coordinated manner, and advances the net-
     obtained 112 green power certificates issued by the                                                                     zero emission journey through solid implementation pathways.
     National Energy Administration, marking a historic
     breakthrough in the Company's green energy traceability                                                                 At the indicator governance level, we have built a rigorous emission reduction assessment system. In 2025, we
     certification. The Company accelerates the development                                                                  strengthened refined Greenhouse Gas(GHG) emission management by issuing and implementing dedicated carbon
     of a wind-solar-storage-charging-swapping energy                                                                        intensity assessment indicators to all affiliated grassroots entities, which successfully met their annual emission
     matrix. Supported by an under-construction PV cluster                                                                   control goals.
     with a capacity of 35.3 MW, it is expected to supply 35
     million kWh of green power within the year. While cutting
                                                                                                                                    Key Performance
     operating costs, the Company advances the dual-carbon
     strategy through tangible emission reduction benefits and
     boosts the construction of high-star green ports.                          Green Electricity Certificates                   During the reporting period, the total GHG emissions amounted to           1,233,198 tons of CO     2
                                                                                                                                                                                                                                         equivalent
                                                                                                                                 with a GHG emission intensity of    39.75 tons of CO   2
                                                                                                                                                                                            equivalent per RMB 1 million revenue.
      Case       Setting a New Industry Benchmark and Building a Cluster of Star-Rated Green Ports
                                                                                                                             GHG Emissions in Recent Years
     At the Green and Safe Port Conference held by the China Ports & Harbours Association in November 2025,
     Taicang Wugang Terminal, an affiliate of the Company, was awarded the first 5-star Green Port certification
     among domestic iron ore terminals. Meanwhile, Zhongzhai Terminal, Jiaxing Dushan Terminal, Yongzhou
                                                                                                                                       Indicators                            Unit                        2023             2024              2025
     Company and other subsidiaries obtained the 4-star Green Port title. Meidong Company passed the on-site
     assessment for 4-star Green Terminal certification, becoming the first terminal company with dual 4-star
                                                                                                                                                                    tons of carbon dioxide
     qualifications in smart operation and green development within the Company.
                                                                                                                                GHG Emission Intensity             equivalent / RMB 1 million             44.3           40.79              39.75
                                                                                                                                                                           revenue
                           Taicang Wugang Was Awarded the First 5-star Green Port Certification
NINGBO ZHOUSHAN PORT                                        Corporate         Environmental             Social                Service               Future                                                               2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                                Appendix
COMPANY LIMITED                                            Governance          Performance           Responsibility           Quality               Outlook                                                                     GOVERNANCE (ESG) REPORT
                                                                                                                         Harmonious Coexistence and Ecological
Aligning with the grand blueprint of carbon peaking by 2030 and carbon neutrality by 2060, the Company has
constructed a green performance indicator system. This aims to cascade down climate change response targets,
ensuring the timely fulfillment of objectives at each stage.
                                                                                                                         Balance Stewardship
Overall Goal
                                                                                                                         The Company consistently upholds the development philosophy that "lucid waters and lush mountains are
                                                                                                                         invaluable assets", thoroughly implements Xi Jinping's thought on ecological civilization, and aligns its operations
                                                                                                                         with the specific characteristics of the port industry. We strictly comply with laws and regulations related to
                                            To become a world first-class ESG benchmark
                                                                                                                         ecological and environmental protection, integrating conservation practices throughout the entire port production
                                                    and demonstration enterprise.
                                                                                                                         and operation process. By adopting targeted avoidance and mitigation measures, we actively advance ecological
                                                                                                                         protection initiatives, promoting the synergistic development of port operations and environmental preservation.
Phased Goals                                                                                                             Ecological Protection Measures
                                                                                                                         In response to the marine ecological protection
                             Achieve a leapfrog improvement in decarbonization efficacy, optimize the energy             initiative proposed at COP30, Daxie Container
                             structure, enrich the development of smart and green ports, and significantly               Terminals deeply practices the green development
         By 2026
                             enhance climate resilience and safeguard capabilities under extreme weather                 philosophy of harmonious coexistence between
                             conditions.                                                                                 humanity and nature. On December 27, 2025,
                                                                                                                         Daxie Container Terminals participated in the
                                                                                                                         Beilun District's "Zero-Carbon Partnership,
                                                                                                                         Protecting the Blue Ocean" beach cleanup
         By 2030             Reach the peak of carbon dioxide-dominant GHG emissions.                                    campaign, actively responding and contributing
                                                                                                                         to the construction of a "Zero-Waste City"
                                                                                                                         through concrete actions, thereby lending the
                                                                                                                         strength of the port and shipping industry to
                                                                                                                         safeguarding the clean coastline.                       "Zero-Carbon Partnership, Protecting the Blue Ocean" Beach Cleanup
         By 2060             Achieve carbon neutrality for carbon dioxide-dominant GHG emissions.
                                                                                                                                                       ·  Focus on monitoring forest pests, quarantine fruit flies, gypsy moths, red fire ants, and
                                                                                                                                                         other harmful organisms, conduct regular inspections of vegetation within the port area to
                                                                                                                            Invasive Species
                                                                                                                                                                                   solidify the biosecurity defense line.
Action Pathways                                                                                                          Prevention and Control
Focusing on Scope 1 and Scope 2 GHG emission reduction, the Company optimizes the energy and fuel mix across                                           ·      Adopt green vegetative ecological revetments for terminals to strengthen ecological
port areas. We effectively control direct Scope 1 GHG emissions, accelerate the replacement of port operational                                              protection; regularly remove white pollution (plastic waste) from river embankments to
                                                                                                                          Ecological Restoration                              maintain the ecological environment of the port area.
equipment with new energy sources, steadily promote low-carbon retrofits, and continuously improve the
                                                                                                                               Promotion
cleanliness of port operations. A well-defined emission reduction indicator system has been established to gradually
cut carbon emission intensity per unit throughput, ensure the orderly delivery of carbon management indicators,
and facilitates green and low-carbon transformation.                                                                                                   ·  Ensure the full collection, transfer, and treatment of ship-generated pollutants, organize
                                                                                                                                                            volunteer teams to clean river embankments and prevent garbage from entering the
                                                                                                                           Water Environment                                                        waterway.
During the reporting period, the Company formulated and implemented action plans for wind-solar-storage                        Protection
integrated projects, realized integration of wind power, solar power and energy storage facilities at ports, optimized
energy supply structure, improved the utilization and consumption rate of green power, and reduced purchased
energy consumption. We scale up investment in new energy equipment, introduce and upgrade mobile machinery                                             ·     Equip vessels with oily water separators, sewage treatment plants, and ballast water
such as electric container trucks and electric reach stackers, improve the low-carbon clean energy equipment                  Installation of                    treatment systems to minimize the impact of ships to the aquatic ecosystem.
system, and advance low-carbon upgrading throughout port operation links.                                                  Treatment Facilities
Social
Responsibility
Collective Empowerment and State-Owned Mission
Fulfillment
Digital Intelligence Integration and Technological
Innovation
Solidified Responsibilities and Robust Safety
Foundation
Win-Win Collaboration and Supply Chain Synergistic
Efficiency
People-Centered Development and Harmonious
Workplace Construction
Charitable donation           Volunteer service hours   Potential safety hidden   inspection      Total investment in
expenditure                                             danger inspections        coverage rate   employee support
                                                        conducted
RMB   2.39      million       42,515            hours   17,988        times       100     %       RMB   23.98       million
NINGBO ZHOUSHAN PORT                                        Corporate             Environmental         Social              Service                Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                              Appendix
COMPANY LIMITED                                            Governance              Performance       Responsibility         Quality                Outlook                                                              GOVERNANCE (ESG) REPORT
Collective Empowerment and State-Owned                                                                                High-Quality Development of Multimodal Transport Elevated Logistics Radiation Capacity
Mission Fulfillment                                                                                                   In 2025, Ningbo Zhoushan Port completed 2.03 million TEUs via sea-rail intermodal transport, a year-on-year
                                                                                                                      increase of 11.6%. River-sea intermodal volume reached 1.16 million TEUs, rising by 19.8% year on year. River-inland
                                                                                                                      intermodal transport registered 1,330,000 TEUs, with a year-on-year growth of 18.4%.
The Company upholds the original mission of state-owned enterprises, fully undertakes key responsibilities
for transportation stability, industrial support and green development, demonstrates state-owned enterprise
responsibility with solid port and shipping strengths, and delivers lasting momentum for building a strong open
                                                                                                                            Case        Steady Growth in Container Throughput at Wenzhou Port Group
province and a maritime power.
                                                                                                                        By November 30, 2025, Wenzhou Port Group had cumulatively handled
Strategy                                                                                                                an annual container throughput of 1.462 million TEUs, a year-on-year
                                                                                                                        increase of 8.5%, surpassing the previous year's total. The full-year
Guided by the imperative to serve national strategy, the Company has vigorously propelled regional economic             volume reached 1.62 million TEUs. Since the beginning of 2025, Wenzhou
prosperity and global supply chain stability alongside its rapid business expansion.                                    Port Group has seized development opportunities and vigorously
                                                                                                                        advanced the construction of two major hubs. On one hand, Wenzhou
Continuous Improvement of Logistics Network to Bolster Domestic and International                                       Port Group optimized the route network, expanded and upgraded near-
Dual Circulation                                                                                                        sea routes to 18 in total, covering Southeast Asia, China's Taiwan region
                                                                                                                        and the Russian Far East. The Wenzhou-Ningbo inland feeder routes
                                                                                                                        were also upgraded to further unblock domestic and foreign trade
                                                                                                                        logistics channels. On the other hand, Wenzhou Port Group improved
                       Total container routes reached 309 (4 newly added), including 25 maritime express                the multimodal transport system, boosted the efficiency of sea-rail and
     Coastal
                       routes (3 newly added). The world's first China-Europe Arctic Express container route was        river-sea combined transport, and continuously enhanced port opening
     Routes
                       officially launched at Ningbo Zhoushan Port in September.                                        capacity. Through the commissioning of new berths and the optimization
                                                                                                                        of customs clearance services, operational efficiency was steadily
                                                                                                                        improved. Multiple coordinated measures laid a solid foundation for the          Construction of the Multimodal
                                                                                                                        steady growth of container throughput.                                                 Transport Center
Inland Rail-
 connected
                       The coverage of sea-rail intermodal transport expanded steadily, covering 69 prefecture-       Promoting Regional Development
                       level cities, with 29 regular trains, 40 dry ports and 111 routes in total.
   Routes
                                                                                                                      As a key pivot serving the national "Dual Circulation" and regional strategies,
                                                                                                                      the Company continues to strengthen its role as a hub, driving logistics cost
                                                                                                                      reduction and quality improvement, injecting strong impetus into regional
                                                                                                                      industrial upgrading, opening-up, and the stability of industrial and supply
                                                                                                                      chains. The Company has established 111 sea-rail intermodal routes and 40
     Yangtze                                                                                                          inland ports spanning to 69 cities across 16 provinces, building a logistics
      River                                                                                                           bridge connecting the east and west and linking to the globe. In 2025, our
                       voyages, with continuously densified schedules and further improved services.                  annual sea-rail intermodal container volume surpassed 2 million TEUs for
     Routes
                                                                                                                      the first time, a year-on-year increase of 11.6%, ranking second among
                                                                                                                      national ports for seven consecutive years. Meanwhile, the Company cut
                                                                                                                      logistics costs greatly and improved customs clearance efficiency through
                                                                                                                      model innovations including the integrated "rail-sea express & international
  Inland               Shengze, Danyang, Xingguang, Qiba, bringing the total number of inland routes to 44.           Zhejiang E-Port platform. Continuous hardware upgrades at key hubs such
 Waterway              There are 6 routes served by 64-TEU vessels, including the newly added Dongzhou and            as Yiwu (Suxi) International Hub Port and Beilun Railway Port Station further
  Routes               Xingguang routes. The proportion of cargo shifted from road to water for key clients           unlocked transportation potential, delivering solid support for the efficient
                       maintains steady growth.                                                                       export of manufactured goods and the convenient inbound delivery of raw
                                                                                                                      materials.                                                                        Sea-Rail Intermodal Container Diagram
NINGBO ZHOUSHAN PORT                                                Corporate          Environmental                Social              Service              Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                                            Preface                                                                                                                                Appendix
COMPANY LIMITED                                                    Governance           Performance              Responsibility         Quality              Outlook                                                            GOVERNANCE (ESG) REPORT
Deepening Industry Exchange                                                                                                             Case       Taicang Wugang "Little Bees" Volunteer Team Guards the Ecology of the Yangtze River
The Company continues to strengthen industry cooperation, jointly promoting high-quality development in the port                      Since 2016, the "Little Bee" Volunteer Service
and shipping industry through strategic synergy, university-enterprise collaboration, and participation in industry                   Team of Taicang Wugang has steadily advanced
standard-setting.                                                                                                                     the volunteer initiative of Protecting the Mother
                                                                                                                                      Yangtze River. The team has continuously raised
                                                                                                                                      public awareness of environmental protection,
       Case        2025 Freight Forwarder Seminar of Ningbo Zhoushan Port Successfully Held                                           and delivered outreach and education on the
                                                                                                                                      Yangtze River Protection Law of the People's
                                                                                                                                      Republic of China, as well as relevant requirements
     In January 2026, the 2025 freight forwarder                                                                                      of the "One Zero, Two Comprehensives and Four
     seminar of Ningbo Zhoushan Port themed                                                                                           Free Services" policy. Meanwhile, through targeted
     Linkage for Empowerment, Cargo Connects                                                                                          actions including "Sentinel Patrol", "Ecological
     t h e W o r l d wa s s u cce s s f u l l y co n ve n e d at                                                                      Restoration" and "Biological Enhancement", the
     Ningbo Cultural and Creative Port. Nearly 100                                                                                    team has carried out riverbank waste clean-up,
     participants gathered at the event, including                                                                                    tree planting and greening, and fish fry releasing
     staff from business departments and relevant                                                                                     activities. To date, over 2,000 bags of garbage have
     subsidiaries, as well as representatives of the                                                                                  been collected, green coverage across all available
     freight forwarder association and relevant                                                                                       greenable areas has reached 100%, and 50,000 fish
     enterprises. All parties jointly discussed                                                                                       fry have been released into waters each year. This
     cooperation plans, explored ways to improve                                                                                      project once won the silver award in the National
     logistics quality and efficiency, and exchanged                                                                                  Port Industry Youth Volunteer Service Project
     insights on building a new pattern of global                                                                                     Competition.                                                       "Little Bees" Volunteer Team
     cargo circulation.                                                         2025 Freight Forwarder Seminar
                                                                                                                                  Rural Revitalization
Actively Giving Back to Society
                                                                                                                                  The Company and its subordinate enterprises actively respond to the major national and Zhejiang provincial
Social Contributions                                                                                                              policies on rural revitalization, and continue to deepen paired assistance with multiple villages across Zhejiang
                                                                                                                                  Province, including Fengxi Village in Sheyang Township of Longyou County, Baiyun Village in Shiliang Town of
The Company consistently upholds the philosophy of "giving back to society and benefiting the public", actively                   Kecheng District, and Shichuan Village in Badu Town of Longquan City, Lishui. Through dispatching resident village
conducts diverse social welfare activities to enhance public well-being and benefits.                                             cadres and conducting targeted support in donation, industrial development and consumption assistance, solid
                                                                                                                                  efforts have been made to advance rural revitalization.
        Key Performance
                                                                                                                                         Key Performance
     During the reporting period, the Company recorded charitable donations of RMB                   2.39 million, with
                                                                                                                                      During the reporting period, the Company contributed RMB    2.2 million for rural revitalization donations,
     volunteer service hours reaching     42,515. A total of 8,691 employees took part in public welfare
                                                                                                                                      with relevant support benefiting   1,840 people.
     activities, and relevant assistance and public welfare services benefited 12,324 people in total.
NINGBO ZHOUSHAN PORT                                        Corporate             Environmental           Social             Service                Future                                                            2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                               Appendix
COMPANY LIMITED                                            Governance              Performance         Responsibility        Quality                Outlook                                                                  GOVERNANCE (ESG) REPORT
      Case       Paired Assistance with Fengxi Village, Sheyang Township, Longyou County                                      Case       Paired Assistance with Shichuan Village, Badu Town, Longquan City, Lishui
     Since 2025, the resident working group has visited                                                                  A donation of RMB 350,000 was provided in 2025, and support was offered to secure RMB 2.9 million in funds for road
     the village 12 times, launched 1 assistance project,                                                                renovation and farmland improvement. Three village cadres and industrial leaders were arranged to attend special training
                                                                                                                         courses on rural revitalization, and agricultural technology experts were invited to deliver two on-site guidance sessions
     secured 2 projects with funding of RMB 3.8 million.
                                                                                                                         in the village. The "Haichuan Agriculture Supporting Common Prosperity Workshop" was built to develop high-altitude
     Key progress included the implementation of the RMB
                                                                                                                         vegetable and under-forest ganoderma lucidum planting across an area of over
     project and the introduction of investors from Henan
                                                                                                                         income by more than RMB 30,000. Agricultural products worth RMB 350,000
     to develop ecological bass breeding and other local
                                                                                                                         were purchased through consumption-based assistance. Visits and condolences
     industries. The group visited over 120 low-income
                                                                                                                         were delivered to 20 low-income households, 10 veteran Party members and
     households, donated RMB 100,000, assisted in selling                                                                more than 300 elderly residents. Four groups with a total of 200 Party members
     RMB 259,000 worth of agricultural specialties, and                                                                  participated in themed Party day activities, purchasing local specialty products      Multiple "Agricultural Byproduct"
     secured RMB 1.7 million for renovating the village's                                                                valued at over RMB 40,000. In 2025, the annual operating income of Shichuan         Charity Sales Events Held in Wenzhou
     comprehensive property building and cultural                                                                        Village exceeded RMB 500,000.                                                                   and Longquan
     auditorium. In 2025, Fengxi Village's annual operating      Longyou County Sheyang Township Paired Assistance
     income exceeded RMB 1 million.                                        Targeted Donation Ceremony
                                                                                                                        Digital Intelligence Integration and Technological
                                                                                                                        Innovation
      Case       Paired Assistance with Baiyun Village, Shiliang Town, Kecheng District
                                                                                                                        Innovation-Driven Development
     Promoted the construction of the Common Prosperity Workshop in Baiyun Village, which leveraged
     railway logistics advantages to tailor a cold chain logistics solution for Golden Fox Company, with an
                                                                                                                        Governance
     estimated cost reduction of 15%. Facilitated the procurement of 2.25 tons of prunes, driving approximately
                                                                                                                        The Company continuously improves the full-process management system for scientific and technological
     RMB 110,000 in sales revenue, and advanced a 3.33 hectares inland mariculture project. In addition,                innovation, and issues and implements special administrative measures including the Measures for the
     advanced the asphalt paving renovation of the Bailing–Shihua road section to eliminate potential safety            Administration of Genuine Software and Other Related Matters. We clarify the application criteria for scientific
     hidden dangers. Supported the themed village party in Shiliang Town and introduced volunteer public                research projects, whole-process control requirements and achievement evaluation systems, and coordinate
     welfare services, and provided financial aid for one impoverished college student. In 2025, the annual             the advancement of research project management, innovation platform development, and achievement
     operating income of Baiyun Village exceeded RMB 1 million.                                                         transformation, ensuring the steady and orderly implementation of all scientific research initiatives.
                                                                                                                        Strategy
                                                                                                                        Led by "Innovative Zhejiang", the Company increases investment in the field of scientific and technological
                                                                                                                        innovation, making precise layout plans.
                                                                                                                         Funding Investment                         Science and Innovation                     Industry-University-
                                                                                                                         and Management                             Platform Construction                      Research Collaboration
                                                                                                                         Focus on key areas such as                Leverage the principal role of             Deepen collaboration with
                                                                                                                         artificial intelligence and green         various units, striving to establish       universities, research institutes,
                                                                                                                         low-carbon, as well as major              high-level sci-tech innovation             and upstream and downstream
                                                                                                                         projects, strengthening the               platforms such as Zhejiang                 enterprises in the industry chain
                                                                                                                         scientific management of R&D              provincial key laboratories of             to jointly tackle key core port
                                                                                                                         funds to ensure the supply of             transportation industry around             technologies.
                                  Condolences to Difficult Households in Baiyun Village                                  scientific innovation capital.            key areas.
NINGBO ZHOUSHAN PORT                                       Corporate            Environmental            Social                 Service                 Future                                                     2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                                 Appendix
COMPANY LIMITED                                           Governance             Performance          Responsibility            Quality                 Outlook                                                           GOVERNANCE (ESG) REPORT
Impacts, Risks and Opportunities Management                                                                                      Key Performance
Incentives for Scientific and Technological Innovation                                                                        During the reporting period, total R&D investment in scientific and technological innovation reached RMB
The Company establishes and improves incentive and assessment mechanisms, commending and rewarding collectives
and individuals who have made outstanding contributions in scientific research breakthroughs, technological innovation,       The number of R&D employees stood at   1,062;
and the promotion and application of achievements. This effectively stimulates employees' innovation vitality and             The total number of valid patents amounted to 1,082;
promotes the transformation and application of scientific and technological achievements.
                                                                                                                              The number of software copyrights totaled 376.
Intellectual Property Protection
Relying on a digital management system, the Company coordinates the entire process management of intellectual             The Company always regards scientific and technological innovation as the core driving force for enterprise
property creation, declaration, and application, ensuring efficient and transparent work. Simultaneously, we urge         development, achieving significant progress in the three major areas of R&D institution construction, industry-
subordinate entities to regularly verify the validity of intellectual property rights and promptly maintain relevant      university-research cooperation, and intellectual property system construction.
rights and interests, ensuring legality, compliance, and continuous effectiveness. In 2025, we achieved significant
results in intellectual property protection and transformation, with no infringement disputes occurring.                  The NPIC successively established three major laboratories focusing on big data, cloud intelligence, and information
                                                                                                                          security, and successfully earned recognition as a provincial-level high-tech enterprise R&D center and a provincial-
Adherence to Scientific Ethics                                                                                            level enterprise research institute. We carry out industry-university-research cooperation with universities including
                                                                                                                          Tsinghua University, Wuhan University of Technology, and Hunan University, jointly establishing enterprise colleges
The Company conducts strict ethical reviews of all R&D projects to ensure that research directions comply with            to promote technology transformation. Currently, the NPIC has obtained more than 100 patents, software copyrights
requirements for ecological protection, social equity, and human well-being. We fully assess the potential impact of      and industry standard formulation participation credentials in total, and has passed multiple system certifications
new technologies on port communities, proactively strengthen communication and collaboration with stakeholders,           covering quality management, information services, information security and DCMM Level 3.
and ensure that R&D activities are open, transparent, fair, and standardized.
                                                                                                                                 Key Performance
Indicators and Goals
                                                                                                                              During the reporting period, the NPIC was successfully selected into the 2025 list of national-level
To promote the intelligent and green transformation, we have increased R&D investment and established and improved
R&D innovation incentive and assessment mechanisms. We commend and reward collectives and individuals who                     Specialized, Sophisticated, Distinctive, and Innovative "Little Giant" Enterprises, thanks to its outstanding
have made outstanding contributions in scientific research, technology development, promotion and application of              technological innovation capabilities and industry contributions. This marked the NPIC's              first
advanced achievements, and completion of technical breakthroughs, stimulating employees' innovation enthusiasm and
promoting the transformation and application of scientific and technological achievements.
                                                                                                                              breakthrough in obtaining this national accreditation.
         Progress in 2025
     Orderly promoted the declaration and implementation of various projects, deepened industry-university-
     research cooperation, improved the innovation system, and steadily implemented various innovation tasks.
                                                                                                                                              National-level Specialized,
                                                                                                                                            Sophisticated, Distinctive, and
                                                                                                                                          Innovative "Little Giant" Enterprises
     Increase R&D investment, strengthen technical breakthroughs and cultivation of high-energy platforms,
     accelerate the transformation of scientific and technological achievements, promote the deep integration
     of emerging technologies and business, and enhance overall innovation capabilities.
NINGBO ZHOUSHAN PORT                                          Corporate            Environmental               Social             Service                Future                                                      2025 ENVIRONMENTAL, SOCIAL AND
                                         Preface                                                                                                                               Appendix
COMPANY LIMITED                                              Governance             Performance             Responsibility        Quality                Outlook                                                            GOVERNANCE (ESG) REPORT
Smart Port Construction                                                                                                            Case      Beilun First Container Terminal's Visualization Application (OPTIM) Officially Launched
The Company continues to deepen smart port construction, centering on the "4S" (Smart, Sustainable, Safe,                       To address the challenges of data silos and delayed monitoring in traditional dock operations, Zhejiang
Service) smart port construction concept. Focusing on the digital port production and operation system, intelligent             Zhigangtong Technology Company (Zhigangtong) jointly developed the port visualisation application (OPTIM)
terminal operation system, digital logistics service system, and smart port and shipping digital ecosystem, we                  with Beilun First Container Terminal, which was officially launched on November 27, 2025. Centered on "GIS
actively promote the deep integration of next-generation frontier technologies with port and shipping logistics                 technology + port perception network", the application
businesses, accelerating the digital reform process of port and shipping.                                                       has undergone customized upgrading to integrate multi-
                                                                                                                                dimensional sensing data. It enables seamless connection
                                                                                                                                with multiple systems for centralized and synchronized
      Smart: Achieving intelligent and                                            Satisfy: Delivering convenient                data aggregation, and delivers precise modelling of all
      excellent port operation                                                    and satisfying port services                  production factors. The whole operation process is made
                                                                                                                                controllable and traceable, improving refined management
                                                                                                                                been deployed and applied at multiple docks across the
                                                                                                                                province, with further functional expansion planned for the
      Share: Building an open and                                                 Sustainable: Pursuing sustainable
                                                                                                                                future.                                                              Visualization Application (OPTIM)
      shared port ecosystem                                                       port development
Digital Port Production and Operation System
                                                                                                                             Intelligent Terminal Operation System
The Company focuses on the digital transformation of core port production and operation. Leveraging the special
pilot initiative for building a powerful transportation nation, we advance the smart upgrading of traditional docks,         The Company focuses on the full-process intelligent upgrade of terminal operations, promoting the application of
the domestic substitution of core systems, and the development of visualized platforms, so as to build a new                 underwater robots, drone inspections, intelligent equipment scheduling, remote-controlled automated equipment,
production and operation management system that is fully independent, controllable, efficient and collaborative.             and autonomous driving technology to achieve three-dimensional unmanned operations on water, land, and air,
                                                                                                                             comprehensively improving operational efficiency and safety levels.
                   Ningbo Zhoushan Port's Smart Renovation Pilot Project for Traditional Ports Passes the First
        Case
                   Batch of Special Acceptance under the National Powerful Transportation Nation Initiative
                                                                                                                                   Case      Shulanghu Ore Transfer Terminal Yard Inspections Enter the "Unmanned Era"
     To advance the digital and intelligent upgrading of ports and support the development of a powerful
     transportation nation, we launched the pilot project for the smart transformation of traditional container
                                                                                                                                The unmanned aerial vehicle (UAV) automatic yard
     and dry bulk docks. Selected as one of the first batch of national pilots by the Ministry of Transport in 2023,
                                                                                                                                inspection system was deployed at the Shulanghu Ore
     the project was advanced through government-enterprise                                                                     Transit Dock and completed its maiden flight on June
     collaboration and dedicated task force operations. We                                                                      30, 2025. Equipped with LiDAR sensors and an intelligent
     upgraded three typical traditional docks and fulfilled four                                                                drone dock for round-the-clock unattended operation,
     core key tasks. After nearly two years of steady advancement,                                                              the system conducts autonomous cruising and data
     the project successfully passed official acceptance on                                                                     collection. It connects to the management system to
     December 3, 2025, with all target indicators fully completed.                                                              generate digital twin models. The solution cuts the full-
     Among them, 40% of the indicators were overfulfilled, seven                                                                yard inspection duration from half a day to 30 minutes,
     outcomes reached leading standards nationwide and globally,                                                                improves operational efficiency and site safety, and reduces
     and three achievements filled industry gaps. The project                                                                   measurement errors. It creates an innovative model for the
     delivers replicable and scalable experience, empowering the            Pilot Project for the Smart Transformation of       efficient and safe operation of dry bulk docks and supports
     construction of a world first-class strong port.                        Traditional Container and Dry Bulk Docks           the development of automated bulk cargo docks.                          UAV Automatic Inspection
NINGBO ZHOUSHAN PORT                                                         Corporate                      Environmental                 Social             Service                  Future                                                              2025 ENVIRONMENTAL, SOCIAL AND
                                                  Preface                                                                                                                                                     Appendix
COMPANY LIMITED                                                             Governance                       Performance               Responsibility        Quality                  Outlook                                                                    GOVERNANCE (ESG) REPORT
      Case            The "Digital Dispatcher" — Zhigangtong S-ECS Officially Launched at SMTL Dock in Suzhou                                                 Case      Inland Waterway Intermodal System Reshapes Inland Terminal Operation Model
     To address bottlenecks such as low manual scheduling efficiency and poor collaboration in port                                                       On August 20, 2025, the inland waterway intermodal system built on
     operations, the SMTL collaborated with the Zhigangtong to jointly develop the intelligent equipment                                                  the "One-Net Smart Connection" ecological foundation and led by the
     scheduling system (S-ECS) over 15 months, which was fully launched on December 15, 2025. Adopting                                                    Business Department of Ningbo Zhoushan Port was successfully launched
     a four-tier architecture, the system realizes full-process intelligent scheduling of three core types of                                             at Hangzhou Inland International Intermodal Co., Ltd. The system breaks
     equipment. Integrated with multiple technologies, it dynamically optimizes operation plans. During the                                               through the online closed-loop of the entire business process, covering
     trial operation period, it covered over 99% of vessel workloads. The single quay crane efficiency exceeded                                           modules such as orders, container management, commerce, and finance.
     equipment. It achieves a fundamental transformation of the scheduling model and provides a replicable                                                workload by over 30%, allows custom export of statistical reports,
     benchmark for intelligent port scheduling.                                                                                                           improves the "One-Net Smart Connection" ecosystem, establishes a
                                                                                                                                                          standardized data system, and helps reduce costs, improve quality, and
                                                                                                                                                          increase efficiency for upstream and downstream supply chains. It will
              During the trial operation                          The single quay crane                        The system supports the                    subsequently be promoted to other inland terminals.                                     Inland Waterway Intermodal System
           period, it covered over 99% of                         efficiency exceeded 28                       connection of more than
                      vessel workloads                          natural containers per hour                    300 pieces of equipment
                                                                                                                                                        Smart Port and Shipping Digital Ecosystem
                                                                                                                                                        The Company actively builds an open and collaborative port and shipping digital ecosystem, strengthening digital
                                                                                                                                                        links with upstream and downstream industry chains through expos, large model releases, technology exports, and
       Position &                                                                                                                                       industrial layouts, promoting the cross-regional replication of smart port solutions and empowering the overall
       Perception
                                                                                                                                                        upgrading of the industry.
                     Equipment
                       Status
                                                                                                                            Quay Crane Dispatching
        Traffic                                                                                                                                                         Ningbo Port Showcases the Smart and Green Port Construction Achievements at the 7th
        Control                        Multi-                                                                                                                 Case
                                    dimensional                                                            Instruction                                                  Zhejiang International Intelligent Transportation Industry Expo
                      Business                      Full-site                            Full-domain
                    Requirements                   Perception                             Monitoring
                                                                                                                                                            On December 11, 2025, the 7th Zhejiang International Intelligent Transportation Industry Expo opened,
          Time
       Estimation                                                                                                                                           where we centrally showcased our achievements in smart and green port construction. Through the Port
                                     Decision-                                                         Scheduling        RTG (Rubber-tyred Gantry)
                                                                                                                                Dispatching                 and Shipping Logistics Pavilion, we presented achievements such as smart port equipment and low-
                     Abnormal         making
                       Alerts                                     Digital Dispatcher                                                                        carbon layouts, demonstrating the effectiveness of building a world first-class strong port.
                                                     Overall                           Multi-dimensional
       Historical                                 Collaboration                          Self-learning
        Records
                        Interim
                     Intervention
       Execution
      Forecasting                                                                                                        Container Truck Dispatching
                                                  The "Digital Dispatcher" — Zhigangtong S-ECS
Digital Logistics Service System
The Company reshapes logistics service models with digital means, breaking down information barriers in links
such as inland waterway intermodal transport, ship agency, and ship inspection, achieving full-process online
closed-loop management, and promoting the transformation and upgrading of logistics services towards mobility,                                                                       The 7th Zhejiang International Intelligent Transportation Industry Expo
intelligence, and greening.
NINGBO ZHOUSHAN PORT                                        Corporate          Environmental            Social              Service               Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                         Appendix
COMPANY LIMITED                                            Governance           Performance          Responsibility         Quality               Outlook                                                              GOVERNANCE (ESG) REPORT
Information Security and Privacy Protection                                                                           Technical Defense and Risk Prevention
                                                                                                                      The Company upgrades its intelligent security defense system and builds a security operation platform with full
Management System                                                                                                     traffic coverage, enabling real-time monitoring and intelligent early warning of risks such as network attacks, system
                                                                                                                      vulnerabilities, and abnormal access. We organize subordinate entities and third-party security service providers to
                                                                                                                      regularly conduct vulnerability scanning, penetration testing, and security inspection assessments, establishing a
Guided by the core principles of active defense, compliance and controllability, and full-staff collaborative         daily security operations mechanism to promptly investigate and eliminate security risks and attack incidents.
governance, the Company continuously improves the information security and privacy protection system. We
have issued and implemented regulatory documents including the Measures for Informatization Management
and Measures for Information Security Management, and steadily optimized the information security governance                Case       Wenzhou Port Group's AI Cybersecurity Monitoring and Operations Platform Launched in
framework. In 2025, we have completed the certification and annual audits of the ISO 27001 Information Security                        Trial Operation
Management Systems and CCRC (China Cybersecurity Review Technology and Certification Center) Security
                                                                                                                          To address the shortcomings of previously scattered cybersecurity hardware and software equipment,
Integration Certification, ensuring that information security management aligns with international standards
                                                                                                                          insufficient coordination, and the inability of traditional protection methods to cope with new network
and industry norms. We have set up a dedicated information security function. The Engineering Technology
                                                                                                                          attacks, Wenzhou Port Group launched the construction of an AI cybersecurity monitoring and operations
and Information Management Department oversees the development of the governance framework and daily
                                                                                                                          platform in July, completing it after more than two months and commencing trial operation. Adopting a
operation and maintenance, enabling in-depth coordination between technical defense measures and institutional
                                                                                                                          "Security + AI + Cloud + Operations" model, the platform integrates multiple core modules to achieve full-
management rules.
                                                                                                                          process closed-loop management of cybersecurity. It currently covers 36 information systems and processed
                                                                                                                          over 120 security warnings on its first day online, driving the leap in cybersecurity protection from "passive
                                                                                                                          defense" to "active immunity", effectively safeguarding the security of network systems and data.
       Key Performance
     During the reporting period,   no data loss or information leakage incidents occurred throughout the year.
Information Security Emergency Management
The Company has formulated a dedicated emergency response plan for cybersecurity incidents. It classifies Level
conditions, response procedures, division of responsibilities and handling time limits at all levels. A full-chain
management mechanism featuring hierarchical control, rapid response and closed-loop disposal has been
established. Multiple emergency drills have been conducted covering scenarios such as infrastructure failures,
network anomalies and malfunctions in critical infrastructure system equipment rooms, effectively verified the
operability of emergency plans and ensured their effective implementation.
                                                                                                                                                         AI Cybersecurity Monitoring and Operations Platform
       Key Performance
                                                                                                                      Adverse Incident Reporting
     During the reporting period,   1 information security emergency drill was completed.                             The Company clarifies the procedures for information security incident reporting and disposal. Upon identifying
                                                                                                                      any incident, subordinate units shall immediately take containment measures and report to the headquarters level
                                                                                                                      by level. The local information security authority is responsible for incident identification, investigation, evidence
                                                                                                                      collection and classified disposal. After the incident is closed, timely reviews and rectification will be conducted to
                                                                                                                      improve preventive measures.
NINGBO ZHOUSHAN PORT                                          Corporate              Environmental      Social              Service              Future                                                       2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                        Appendix
COMPANY LIMITED                                              Governance               Performance    Responsibility         Quality              Outlook                                                             GOVERNANCE (ESG) REPORT
Information Security Training
                                                                                                                      Solidified Responsibilities and Robust Safety
The Company delivers information security training covering the headquarters and all subordinate entities.
Adopting a hybrid online-offline model, the training covers institutional regulations, risk prevention and control,
                                                                                                                      Foundation
privacy protection and other key topics, so as to comprehensively enhance all employees' security awareness and
practical capabilities.                                                                                               The Company adheres to the safety philosophy that "hidden dangers are accidents, and accidents must be
                                                                                                                      addressed". Strictly complying with national laws and regulations, we dynamically refine our institutional system,
                                                                                                                      strengthen safety management for related parties and the construction of a dual prevention mechanism, and
        Key Performance                                                                                               systematically advance grid-based supervision, smart security, and emergency response capabilities. With the goals
                                                                                                                      of "zero tolerance for hidden dangers, zero production accidents, zero work-related fatalities", and "no occupational
     During the reporting period,   1 information security training session was conducted.                            disease cases", the Company solidifies the cornerstone of high-quality sustainable development.
                                                                                                                      Governance
                                                                                                                      The Company strictly complies with national laws and regulations including the Work Safety Law of the People's
                  Security Training with the Theme of "Cybersecurity for the People, Cybersecurity by the
       Case                                                                                                           Republic of China, the Fire Protection Law of the People's Republic of China, and the Law of the People's Republic
                  People"
                                                                                                                      of China on the Prevention and Control of Occupational Diseases. We dynamically optimize systems such as the
                                                                                                                      Safety Production Responsibility System, Safety Production Risk Grading Control Regulations, Occupational
     The training was delivered through a combined online and offline approach. It covered information
                                                                                                                      Health Management Regulations, Employee Health Examination Management Measures, and Occupational Health
     security rules and regulations, key information security precautions in daily work, data leakage prevention,
                                                                                                                      Management Standards. We also issued the Interim Measures for the Safety Management of Business Outsourcing to
     anti-phishing awareness and other relevant topics. Invited guests including officials from Ningbo Public
                                                                                                                      strengthen the safety management of related parties.
     Security Bureau attended the event, with representatives from 34 subordinate entities participating on-
     site. The training has effectively improved employees' proficiency in information security management.
                                                                                                                      The Company has established a safety production and occupational health governance system overseen by the
                                                                                                                      Safety Production Committee (SPC), with daily management handled by the Safety and Environment Protection
                                                                                                                      Department, and implemented by subsidiaries assuming territorial responsibilities. The Secretary of the Company's
                                                                                                                      Party Committee and the General Manager serve as the Director of the SPC, with Deputy General Managers and
                                                                                                                      heads of various departments acting as committee members. A Company Safety Director was newly appointed
                                                                                                                      to strengthen leadership in safety work. During the reporting period, 4 of our subordinate entities passed the ISO
                                                                                                                                         ISO 45001:2018 Occupational
                                                                                                                                        Health and Safety Management
                                                                                                                                             System Certification
                                           Information Security Education Training
NINGBO ZHOUSHAN PORT                                      Corporate           Environmental            Social                Service                        Future                                                                2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                          Appendix
COMPANY LIMITED                                          Governance            Performance          Responsibility           Quality                        Outlook                                                                      GOVERNANCE (ESG) REPORT
Strategy                                                                                                                The Company strengthened comprehensive safety and environmental protection supervision, forming special task forces
                                                                                                                        to conduct normalized inspections of subordinate units, promoting closed-loop management of hidden dangers.
Closely aligning with the national "Three-Year Action Plan for the Fundamental Improvement of Work Safety (2024–
work improvement plan. Adhering to the policy of "safety first, prevention foremost, comprehensive governance",
we strictly implement the principles of "Party leadership in safety work" and the "Three Musts" safety responsibility       The Company conducted   473 safety supervision and inspection visits to subordinate units, with a 100%
requirements across industry, business, and production operations. The Company continuously refines the
responsibility system featuring "Party and government shared responsibility, one position with dual responsibilities,       rectification completion rate; 17,988 safety hidden danger investigations were carried out, with a
joint supervision and management, and accountability for dereliction of duty". The Company systematically                   coverage rate of 100%.
advances the modernization of the safety production governance system and governance capabilities, and makes
every effort to build an intrinsically safe port.
Impacts, Risks and Opportunities Management                                                                                   Case
                                                                                                                                            Identify Hidden Dangers and Build a Stronger Risk Prevention Network During Safety
                                                                                                                                            Production Month
Safety Production Management                                                                                                During Safety Production Month, our subordinate units organized a series of activities including hidden
                                                                                                                            danger hunting.
Risk Identification and Hidden Danger Investigation
The Company advances the construction of a dual prevention mechanism for safety production, deploying risk                     The technical team and inspection
identification and assessment work, clarifying risk points and prevention and control measures at all levels, and              p e r s o n n e l o f Z h e n h a i Po r t b u l k
continuously promoting operational risk identification, responsibility implementation, and system refinement.                  cargo team conducted a "checklist-
                                                                                                                               style inspection" of potential safety
                                                                                                                               hidden danger in the bulk cargo area
                                                                                                                               of Zhenhai port area.  All identified
       · W enzhou Port Group evaluated production safety factors according to the LEC evaluation                              hidden dangers, regardless of size,
          method, formed a List of Hazard Identifications and Risk Assessments.                                                were recorded with corresponding
                                                                                                                               numbers, ultimately generating a
                                                                                                                               full-process illustrated checklist
                                                                                                                               from hidden danger discover y to
                                                                                                                               rectification completion.                                 Zhenhai Port Conducted a "Checklist-Style Inspection" of Equipment
       · The Inland Shipping System identified production safety factors including risks related to ships                                                                                                  and Facility Safety Hazards
          and equipment, environment and meteorology, personnel and management, and operations.
                                                                                                                               Beilun Second Container Terminal
                                                                                                                               a n d D a x i e C o n ta i n e r Te r m i n a l s
                                                                                                                               re s p e ct i ve l y l a u n c h e d a ct i v i t i e s
       · S hulanghu Company established a                                                                                     such as "self-inspection of hidden
          production safety factor identification                                                                              dangers around us" and "snap photos
          process: determining the scope of risk                                                                               of hidden dangers", encouraging
          identification – dividing operational                                                                                all employees to become "safety
          units – identifying risk events – analyzing                                                                          sentinels" and checking for gaps in
          risk-causing factors – filling out the risk                                                                          the safe and stable operation of the
          identification and control information                                                                               terminal starting from their own posts
          form.                                                                                                                and walking routes.                                        Beilun Second Container Terminal and Daxie Container Terminals
                                                                                                                                                                                         Launched "Self-Inspection of Hidden Dangers Around Us" and "Snap
                                                                                                                                                                                                        Photos of Hidden Dangers" Activities
NINGBO ZHOUSHAN PORT                                    Corporate            Environmental              Social             Service                Future                                                          2025 ENVIRONMENTAL, SOCIAL AND
                                  Preface                                                                                                                               Appendix
COMPANY LIMITED                                        Governance             Performance            Responsibility        Quality                Outlook                                                                GOVERNANCE (ESG) REPORT
Safety Management Measures
                                                                                                                            Case        Beilun Third Container Terminal Dangerous Goods Emergency Drill
                   Grid-Based Management:
                                                                                                                        During Safety Production Month, the Chuanshan
                   chiefs and grid officers, and strengthened performance supervision and assessment                    Port Area conducted an emergency drill for a
                   mechanisms to promote efficient grid operation.                                                      lithium battery dangerous goods container fire in
                                                                                                                        the new mixed storage yard. The drill simulated
                                                                                                                        a scenario where a lithium battery container
                   Closed Port Area Management:
                                                                                                                        emitted smoke and caught fire due to thermal
                   Advanced version 2.0 of closed port management, accelerated the deployment of facial
                                                                                                                        runaway. In addition to the practical drill, Beilun
                                                                                                                        Third Container Terminal simultaneously carried
                   access control points.
                                                                                                                        out activities covering all employees, including
                                                                                                                        hidden danger investigation and rectification,
                                                                                                                        special safety knowledge training on lithium
                   Team Safety Education:
                                                                                                                        batteries, and accident warning education.
                   Solidly advanced team safety education, strictly implemented the retention of audio
                                                                                                                        Through the combined approach of "drill +
                                                                                                                        investigation + education", the intrinsic safety         Beilun Third Container Terminal Sounds the Assembly Call for
                   mobile apps.
                                                                                                                        level was effectively enhanced.                                       Dangerous Goods Emergency Drills
                   Smart Safety Control:
                                                                                                                      Contractor Safety Management
                   scope of robots and AI in safety management, and launched pilot projects.                          The Company strengthened the safety access, assessment, and elimination of outsourcing companies, establishing
                                                                                                                      a full-chain closed-loop management mechanism of "access - process - assessment - application", gradually
                                                                                                                      eliminating "small, scattered, and poor" outsourcing companies, ensuring that safety responsibilities for outsourced
                   Dangerous Goods Management:                                                                        businesses are compacted layer by layer and management is closed-loop and controllable.
                   Comprehensively mastered basic information on incoming dangerous goods,
                   strengthened the collection and system entry of information for transit dangerous goods            Safety Emergency Management
                   containers, ensuring emergency inquiries and emergency plans could be "activated
                                                                                                                        Improving the Emergency Plan System
                   Improvement Plan for Dangerous Goods Fires (Leaks), strengthened the construction
                   of emergency forces and practical drills, and enhanced the safety control level for
                   dangerous goods operations.                                                                        Compiled the Compilation of Emergency Response Plans for Sudden Incidents, reviewed every three years, covering
                   Safety Incident Handling and Response Mechanism:
                                                                                                                      Optimizing Emergency Resource Allocation
                   Safety Accidents, establishing a full-process handling mechanism.
                                                                                                                      Conducted emergency resource surveys, dynamically
                                                                                                                      adjusting reserve categories and quantities to maximize
                                                                                                                      the practical efficacy of emergency supplies; continuously
                                                                                                                      strengthened the construction of full-time and part-time
                                                                                                                      emergency teams such as fire protection companies,
     On-site       Report to           Hierarchical           Incident            Review and              All-staff   micro fire stations, and voluntary fire brigades, creating a
                   superior                                                                                           composite emergency rescue force that is "versatile and
 assessment                              response              analysis          improvement              training
                  units within                                                                                        multi-purpose".
                  half an hour
                                                                                                                                                              Emergency Drills
NINGBO ZHOUSHAN PORT                                           Corporate             Environmental             Social         Service                  Future                                                          2025 ENVIRONMENTAL, SOCIAL AND
                                               Preface                                                                                                                         Appendix
COMPANY LIMITED                                               Governance              Performance           Responsibility    Quality                  Outlook                                                                GOVERNANCE (ESG) REPORT
          Enhancing Port Emergency Capability Enhancement                                                                     Case        Emergency Drills Enhance Practical Capabilities During Safety Production Month
Formulated the emergency response linkage mechanism for harbor tugboats in the Ningbo port area; established a
                                                                                                                             During Safety Production Month, our subordinate units organized emergency drills.
special ship-shore water safety task force to coordinate ship-shore water safety affairs for container docks.
  Optimizing Cooperation Mechanisms of Joint Defense Association
                                                                                                                                  Zhougang Company conducted a fire accident
                                                                                                                                  emergency drill in the Laotangshan operation
Guided by practical operations, the Ningbo port area joint defense association optimized the "One Zone, One                       area. The drill simulated a fire caused
Database, One Task Force" cooperation mechanism and refined the emergency response system consisting of one                       by overheating of a conveyor belt in the
comprehensive emergency plan, special emergency plans for five major zones, and multiple operational manuals.                     Laotangshan transit phase III dock, testing the
                                                                                                                                  upper-lower coordination and rapid response
                           Normalizing Practical Drills                                                                           mechanism for sudden fire accidents, and
                                                                                                                                  enhancing employees' fire safety awareness
                                                                                                                                  and emergency handling capabilities.
Seizing key periods such as Fire Safety Month and Safety Production Month to regularly organize normalized drills,
                                                                                                                                                                                          Zhougang Company Conducts Fire Accident Emergency Drill
and irregularly organizing "double-random and unscripted" emergency drills to enhance the ability to prevent,
resolve, and handle emergencies.
                                                                                                                                                                                          Taizhou Port company conducted a large-
                                                                                                                                                                                          scale comprehensive emergency drill in
        During the reporting period                                                                                                                                                       the Damaiyu port area. The drill simulated
                                                                                                                                                                                          two scenarios, including suspicious person
                                                                                                                                                                                          intrusion and container falling into the sea,
     The Company conducted            5,095 safety drills.
                                                                                                                                                                                          testing the port's security event handling
                                                                                                                                                                                          capability and container rescue capability
                                                                                                                                                                                          respectively.
       Case          Chuanshan Port Area Comprehensive Emergency Drill Successfully Conducted                                Taizhou Port Company Conducts Comprehensive Emergency
                                                                                                                                  Drill for Security and Container Falling into the Sea
     In June 2025, the Ningbo port
     a rea j o i n t d e fe n s e a s s o c i at i o n
     Chuanshan Port Area lubricating oil                                                                                          Non-ferrous Mineral Storage and
     leak comprehensive emergency drill                                                                                           Transportation Company organized a large
     was successfully held at Berth 1 of                                                                                          vehicle fire emergency escape drill, adapting
     the Chuanshan Port Area container                                                                                            a "drill + interactive teaching" model to
     dock. The drill simulated a collision                                                                                        enhance employees' self-rescue and escape
     causing a container loaded with                                                                                              capabilities.
     lubricating oil to fall into the sea
     and rupture, effectively testing the
     scientific nature and operability of
                                                                                                                                                                                          Non-ferrous Mineral Storage and Transportation Company
     the Ningbo port area joint defense                                                                                                                                                     Conducts Large Vehicle Fire Emergency Escape Drill
     association emergency plan.                             Lubricating Oil Leak Comprehensive Emergency Drill
NINGBO ZHOUSHAN PORT                                              Corporate          Environmental             Social               Service                     Future                                                         2025 ENVIRONMENTAL, SOCIAL AND
                                         Preface                                                                                                                                             Appendix
COMPANY LIMITED                                                  Governance           Performance           Responsibility          Quality                     Outlook                                                               GOVERNANCE (ESG) REPORT
Safety Training                                                                                                                       Key Performance
The Company enhances the safety literacy and operational level of all employees through diverse training measures:
                                                                                                                                   During the reporting period, the Company conducted safety training involving             241,289 person-times,
                                                                                                                                   with a total safety training duration of         404,733 hours.
                           Aimed at "one textbook per position, one question bank per position", urged all units
 Key Management            to update and refine training materials and safety question banks for positions such as
Personnel Position         Chairman, General Manager, Deputy General Manager in charge of operations (engineering,
Suitability Training       safety), and department managers, and completed corresponding safety examinations to
                           improve the performance capabilities of management personnel at all levels.                               Case         Convening the 2025 Safety Thematic Work Meeting
         Video
                           Advocated for employees to participate in making videos of operating procedures, covered                In July 2025, the Company convened the
  Documentation
                           all operating processes. Employees can learn anytime, anywhere through the safety                       2025 Safety Thematic Work Meeting. The
      of Operating
                           collaboration platform and Team APP.                                                                    meeting specially invited experts from the
      Procedures
                                                                                                                                   Ningbo Maritime Safety Administration to
                           Implemented personalized training plans of "one textbook per position", assisting                       deliver a special lecture on "The Impact
Personalized Safety        employees in obtaining relevant certificates. In 2025, we organized relevant personnel                  of Human Factors on Maritime Accidents
 Position Training         to participate in certificate acquisition and review for main persons in charge and safety              and Preventive Suggestions". Combining
                           management personnel, with 9 employees obtaining Safety Management Certificates.                        a cc i d e n t ca s e s , t h e ex p e r ts d e e p l y
                                                                                                                                   analyzed the role and manifestations of
                                                                                                                                   human factors in accidents and proposed
                           Compiled and distributed the Compilation of Accident Cases (Second Batch), requiring all
 Study of Accident                                                                                                                 targeted improvement suggestions.                                    2025 Safety Thematic Work Meeting
                           units to deeply study and propagate it, using nearby incidents to educate nearby people and
Case Compilations
                           strengthen safety awareness.
                                                                                                                                Occupational Health Protection
                                                                                                                                Occupational Health Management Measures
                                                                                                                                   The Company systematically built an occupational health management system to fully protect employees'
                                                                                                                                   physical and mental health and the safety of the working environment:
                                                                                                                                   • Distribution of labor protection equipment to employees reached 100% coverage;
       Production of Operating Procedure Videos               Team APP                Safety Management Certificates
                                                                                                                                   • Standardized occupational health examinations were conducted, and guardianship files were established
                                                                                                                                      and improved, with a 100% coverage rate of employee pre-employment health check-ups;
                                                                                                                                   • Strictly implemented the "three simultaneous" system for occupational disease prevention facilities,
                                                                                                                                      ensured synchronous design, construction, and commissioning with the main project;
                                                                                                                                   • Strengthened the notification of occupational disease hazards, clearly conveyed hazard information to
                                                                                                                                      employees through multiple channels;
                                                                                                                                   • Enhanced special labor protection for female employees, strictly prohibited the arrangement of female
                                                                                                                                      employees during pregnancy or breastfeeding to engage in prohibited operations.
     Beilun First Container Terminal Launches Team Leader &         Yongzhou Company Brings "Flash Safety Knowledge" into the
      Certified Safety Engineer Safety Lecture Competition                                Port Area.
NINGBO ZHOUSHAN PORT                                          Corporate             Environmental             Social             Service                Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                 Appendix
COMPANY LIMITED                                              Governance              Performance           Responsibility        Quality                Outlook                                                              GOVERNANCE (ESG) REPORT
Occupational Disease Prevention and Control
                                                                                                                                  Case      Ningbo Ocean Achieves Full AED Coverage on Self-owned Vessels
     The Company systematically advanced occupational disease prevention and control work to effectively protect                To enhance the emergency rescue capability of vessels, Ningbo Ocean implemented a full AED(Automated
     employee health and safety:                                                                                                External Defibrillator) coverage plan for its self-owned vessels, procuring professional equipment adapted
     • Strictly implemented occupational disease prevention and control requirements, completed the annual                     to the shipboard environment, and completing the equipping in batches according to the ship schedule,
       declaration of occupational disease hazard projects;                                                                     providing solid protection for crew life safety. Ningbo Ocean invited professional first aid training teams to
     • Scientifically formulated the annual employee health examination plan, adopted staggered arrangements to                teach onboard, adopting a "theory + practice" combined model to help crew members proficiently master
       ensure all who should be examined were examined, with a 100% annual health check-up coverage rate for                    AED operation and CPR coordination skills, comprehensively improving the effectiveness of maritime
       incumbent employees;                                                                                                     emergency rescue.
     • Regularly entrusted professional institutions to carry out workplace hazard factor detection and evaluation;
     • Standardized the setup of occupational disease hazard notification cards and warning signs, clearly
       conveyed occupational disease hazard information to employees in various forms;
     • Improved the monitoring mechanism for vector biological prevention and control, implemented supervision
       and assessment of spring and autumn disinfection across the entire port area.
Occupational Health Training
The Company strictly implements regulations including the Occupational Disease Prevention, Publicity, Education
and Training System. We conduct regular occupational health training, systematically disseminate knowledge
on occupational disease prevention and control, and enhance employees' awareness of health protection and
self-protection capabilities. We steadily advance the training and certification of first-aid instructors, effectively
improving employees' practical emergency rescue skills.
                                                                                                                                 Professional First Aid Training Team Teaching Onboard              Automated External Defibrillator
                   Nanjing Mingzhou Terminal Company "Caring for Workers' Mental Health" Education and
        Case
                   Training
                                                                                                                            Indicators and Goals
      During the publicity week for the Law of the People's Republic of China on Prevention and Control of
      Occupational Diseases, Nanjing Mingzhou Terminal company held an education and training session on                    The Company continues to deepen the safety philosophy of "zero tolerance for hidden dangers, zero production
      "Caring for Workers' Mental Health".                                                                                  accidents, zero work-related deaths", establishing the "Three Nos, Two Controls, Six Standards" safety production
                                                                                                                            control target and the occupational health management work goal of "no cases of occupational diseases occurred".
                                                                                                                            We track target progress annually, and during the reporting period, achieved both safety management and
                                                                                                                            occupational health management goals.
                                                                                                                                 • No fatal production safety liability accidents, no major or above fire liability accidents, no major or
                                                                                                                                   above economic loss liability accidents;
                                                                                                                                 • Severe injury frequency controlled below 0.5‰ , minor injury frequency controlled below 0.85‰ ;
                                                                                                                                 • Signing rate of safety production responsibility agreements (contracts) for all employees and related
                                                                                                                                   parties reaches 100%, certificate-holding rate for specified personnel reaches 100%, hidden danger
                                                                                                                                   rectification implementation rate reaches 100%, safety production expense accrual compliance rate
                                                                                                                                   reaches 100%, employee safety education popularization rate reaches 100%, and pre-work safety
                 Nanjing Mingzhou Terminal Company "Caring for Workers' Mental Health" Education and Training                      briefing implementation rate reaches 100%.
NINGBO ZHOUSHAN PORT                                        Corporate              Environmental           Social                  Service                    Future                                               2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                                     Appendix
COMPANY LIMITED                                            Governance               Performance         Responsibility             Quality                    Outlook                                                     GOVERNANCE (ESG) REPORT
       Key Performance                                                                                                      Supplier Management Measures
 During the reporting period,                                                                                               Supplier Risk Management
 investment in employment injury insurance and work safety liability insurance amounted to RMB     30.02 million;           The Company implements classified management of supplier compliance risk levels, requiring suppliers at all risk
 Total safety production investment reached RMB 254.63 million;                                                             levels to sign corresponding Integrity Covenants and Compliance Commitment Letters, clarifying the boundaries of
 Employee coverage rate of basic medical insurance stood at 100%;                                                           rights and responsibilities, and strengthening supply chain compliance constraints and risk prevention and control.
 Occupational disease incidence rate was 0.
                                                                                                                            Dynamic Supplier ESG Assessment
                                                                                                                            The Company systematically evaluates suppliers' certification status in environmental management, occupational
Win-Win Collaboration and Supply Chain                                                                                      health and safety, information security and other management systems. We also incorporate suppliers' ESG
                                                                                                                            performance, including environmental protection, social responsibility and labor rights, into the evaluation
Synergistic Efficiency                                                                                                      indicators, so as to ensure they continuously meet the requirements on quality, delivery schedule, environmental
                                                                                                                            protection and social responsibility.
The Company is committed to building an efficient, transparent, and sustainable supply chain management system.
We systematically evaluate suppliers' quality, delivery timelines, environmental protection, and social responsibility      The Company adopts dynamic assessment and hierarchical management. Suppliers are classified into four grades: A,
performance, promoting shared responsibility and co-development of supplier capabilities. We rely on normalized             B, C and D based on assessment results, providing an important basis for subsequent cooperation decision-making
communication mechanisms to continuously enhance supply chain transparency, resilience, and integrity levels.               and the development of a negative list for compliance management.
Governance                                                                                                                  Supplier Training and Communication
The Company formulated the Business Partner Compliance Management Regulations and the Supplier Management                   The Company regularly invites supplier representatives to attend compliance management and discipline inspection
Measures, clarified supplier compliance obligations and responsibilities. We systematically construct a full-cycle          and supervision meetings, so as to deepen their understanding of compliance philosophy and management
supplier management mechanism covering access, assessment, and exit, strengthening commercial partner risk                  requirements. Several supplier representatives are appointed as specially-invited supervisors for discipline
control and responsibility implementation.                                                                                  inspection and supervision, steadily improving supply chain transparency and integrity governance.
Impacts, Risks and Opportunities Management                                                                                 In 2025, targeting initial problems of the staff welfare mall such as limited product selection, relatively high
                                                                                                                            pricing and lagging logistics fulfillment, Zhejiang Seaport Sunshine Procurement Co., Ltd. proactively launched
                                                                                                                            multiple rounds of special supplier assessment and substantive negotiations. We broadened sourcing channels
Supplier Full Lifecycle Management
                                                                                                                            and introduced large e-commerce platforms, effectively stabilizing commodity prices through market-oriented
The Company implements full lifecycle management for suppliers. During the                                                  competition and breaking reliance on
bidding phase, relying on the electronic bidding procurement platform and the                                               a single logistics route. Meanwhile,
discipline inspection early warning system, we strictly regulate bidding behaviors                                          we established mandatory fulfillment
and implement risk warnings: during the performance phase, we dynamically                                                   sta n d a rd s cove r i n g o rd e r d e l i ve r y
monitor performance status to ensure suppliers continuously meet our compliance                                             timeliness, high-quality distribution and
requirements, solidifying the supply chain security and compliance defense line.                                            closed-loop after-sales response, forming
                                                                                                                            systematic constraints on suppliers'
                                                                                                                            service quality. The above measures
                                                                                                                            have facilitated a smooth transition of
                                                                                                                            the welfare procurement model from
                                                                                                                            the traditional "centralized unified
                                                                                                                            allocation" to "on-demand independent
                                                                                                                            application", and built a fully transparent
                                                                                           Electronic Bidding Procurement   supply chain operation mechanism with
                                                                                                       Platform             clear standards and quantifiable services.                          Supplier Exchange Meeting
NINGBO ZHOUSHAN PORT                                              Corporate          Environmental               Social                  Service                Future                                                           2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                                      Appendix
COMPANY LIMITED                                                  Governance           Performance             Responsibility             Quality                Outlook                                                                 GOVERNANCE (ESG) REPORT
Indicators and Goals                                                                                                               Strategy
        Key Performance                                                                                                            The Company adheres to synchronizing employee development with enterprise development, firmly establishing
                                                                                                                                   the concept that "human resources are the primary resource", and determining the strategic position of employees in
                                                                                                                                   leading development. Regarding employees as the most active factor among all elements of enterprise productivity, the
     As of the end of the reporting period, the total number of suppliers stood at          9,395, including 9,136                 Company takes improving their comprehensive competency as the core issue of enterprise management. With capacity
     from mainland China, Hong Kong, Macao and Taiwan regions, and            259 from other countries and regions;                building as the core, institutional mechanism innovation as the driving force, and optimizing the employee development
                                                                                                                                   environment as the guarantee, we aim to build a high-quality, professional port employee team.
     The total number of primary suppliers reached
     to 382, and the expenditure on key primary suppliers accounted for 83.81% of the total expenditure.                           Impacts, Risks and Opportunities Management
                                                                                                                                   Employee Rights and Interests
        Key Performance
                                                                                                                                   Compensation Management
     As of the end of the reporting period, procurement expenditure from local suppliers in Zhejiang Province                      The Company implements the enterprise-wide labor contract system, pays employee labor remuneration in full and on time
     accounted for                                                                                                                 in accordance with the law, with compensation higher than the local minimum wage standard. The Company focuses on
                                                                                                                                   the fairness of compensation distribution, guaranteeing equal pay for equal work, coordinating job value with reasonable
     No overdue outstanding payments due to small and medium-sized enterprises (SMEs).                                             compensation growth, effectively safeguarding the legitimate rights and interests of employees, and promoting the synergistic
                                                                                                                                   development of employees and the enterprise. During the reporting period, the ratio of the average male employee
                                                                                                                                   compensation (including bonuses) to the average female employee compensation (including bonuses) was 1.11:1.
People-Centered Development and                                                                                                    Employee Benefits
Harmonious Workplace Construction                                                                                                  The Company strictly implements the Staff Welfare Management Systemand the Attendance and Leave Management
                                                                                                                                   System, ensuring employees enjoy various benefits and holiday rights in accordance with the law; continuously
The Company strictly complies with national laws and regulations, effectively safeguarding the legitimate rights and
                                                                                                                                   optimizing benefits such as meal subsidies and insurance; fully paying social insurance and housing provident fund
interests of employees. By fostering an equal, respectful, diverse, and inclusive working environment, improving
                                                                                                                                   for all employees in accordance with the law, and providing additional protection for employees through enterprise
career development pathways, and strengthening internal communication and collaboration mechanisms, we
                                                                                                                                   annuities, completing the sorting of accounts for departing personnel and safeguarding the rights and interests of
continuously enhance employees' sense of belonging and identity.
                                                                                                                                   retired employees, effectively building a multi-level, sustainable employee benefit security system.
Governance                                                                                                                             Employee Benefits
The Company strictly complies with national laws and regulations including the Labor Law of the People's Republic of China
and the Labor Contract Law of the People's Republic of China, protecting the legitimate rights and interests of employees                                 ·Employee Recreational & Health Allowance?·Lunch Subsidy?
in accordance with the law. We have formulated comprehensive employee management systems including the Total                                              ·Heat Illness Prevention Allowance?                 ·Employee Hardship Assistance?
Wage Management Measures, the Staff Welfare Management System, the Attendance and Leave Management System, the                                            ·Travel Expenses for Family Reunion Leave
Management Measures for the Management (Technical) Personnel, and the Management Measures for Employee Education
and Training, effectively safeguarding employees' legitimate rights and interests and career development.
                                                                                                                                      Employee Holidays
The Company upholds the employment philosophy of diversity, equality, and inclusion, eradicating any discrimination based
on ethnicity, race, nationality, religious belief, gender, age, or other characteristics in recruitment, compensation, training,
                                                                                                                                                          ·Statutory Public Holidays·Weekly Rest Days· Paid Annual Leave·Official Business Leave
promotion, dismissal, retirement, and other management aspects, effectively protecting the equal rights and development
                                                                                                                                                          ·Sick Leave·Personal Leave·Marriage Leave·Bereavement Leave·Family Reunion Leave
opportunities of every employee. The Company strictly complies with national and local laws and regulations such as the
                                                                                                                                                          ·Maternity Leave·Breastfeeding Breaks·Caregiver Leave·Work-Related Injury Leave
Regulations on the Prohibition of Child Labor, resolutely eliminating the employment and use of child labor in any form, and
                                                                                                                                                          ·Childcare Leave·and others
effectively protecting the legitimate rights and interests of minors.
NINGBO ZHOUSHAN PORT                                        Corporate           Environmental             Social            Service               Future                                                    2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                       Appendix
COMPANY LIMITED                                            Governance            Performance           Responsibility       Quality               Outlook                                                          GOVERNANCE (ESG) REPORT
Employee Satisfaction                                                                                                   Employee Overview
The Company attaches great importance to employees' voices. It establishes a transparent and efficient
                                                                                                                         Total Number of Employees                                                                 17,901 persons
communication mechanism through regular satisfaction surveys and diversified feedback channels. Survey data
in 2025 shows that employee engagement and satisfaction remain at a high level, with a sound and positive
organizational atmosphere.
Democratic Management and Communication
The Company improves the democratic management system with the staff congress as the basic form, standardizes                                                                                                     By
corporate affairs disclosure, and effectively safeguards employees' right to know, right to participate, right to                     By Gender                             By Age                            Educational
                                                                                                                                                                                                               Structure
express opinions and right to supervise.
     · Established sound employee feedback and appeal channels and processes, strictly protecting the privacy of
       appeal information.                                                                                                                                                                               Postgraduate (including
     · Promoted the construction of "Smart Labour Union" 2.0, achieving full coverage of online processing for                   Male?14,873 persons               30 years old and below               Master's)?1,251 persons
       businesses such as hardship assistance and universal benefit services; built a dual platform of "online                                                      3,241 persons                        University Bachelor's Degree
                                                                                                                                  Female?3,028 persons
       public opinion monitoring + offline ideological trend analysis" to smooth the path for expressing demands.                                                   31-50 years old                      7,315 persons
     · Implemented a closed-loop management mechanism of "problem list + rectification ledger + look back"                                                         11,851 persons                       Junior College 4,145 persons
       to promote early detection, early intervention, and early resolution of conflicts and disputes, continuously
                                                                                                                                                                    Over 50 years old                    Technical Secondary School,
       optimizing the employee experience.
                                                                                                                                                                                                         persons
                                                                                                                         Local Employment
                                                                                                                         Number of Locally Employed Staff?12,596 persons       Number of Female in Junior Management Positions?86%
                                                                                                                         Total Number in Junior Management Positions?90%
                                                                                                                         Management
                                                                                                                                                                                  Number of Female in Junior Management
Employee Training and Development                                                                                        Proportion of Female in Management Positions?9%
                                                                                                                                                                                  Positions?21 persons
The Company is committed to building a systematic career development platform for employees, relying on a sound          Total Number in Junior Management Positions?152          Number of Female in Senior Management
training system, clear promotion channels, and diversified incentive mechanisms to help employees continuously           persons                                                  Positions?0 persons
improve their professional skills and comprehensive quality, achieving synergistic progress between personal
growth and enterprise development.                                                                                       Number of Female in Management Positions in              Total Number of Management Positions in
                                                                                                                         Business, Commerce, etc.?4 persons                       Business, Commerce, etc.?103 persons
Employee Recruitment
                                                                                                                         Others
The Company recruits employees widely through diversified online and offline channels. During the reporting period,
                                                                                                                         Number of Employees with Disabilities?29 persons         Number of Ethnic Minority Employees?178 persons
domestic and international universities, continuously optimizing the employee structure and professional quality.
The Company actively fulfills our social responsibility, conducting special recruitment for demobilized soldiers,
                                                                                                                         New Employees                                                                              570 persons
demonstrating the social responsibility of a state-owned enterprise. In 2025, we recruited 5 demobilized soldiers.
NINGBO ZHOUSHAN PORT                                       Corporate            Environmental            Social             Service                Future                                                         2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                            Appendix
COMPANY LIMITED                                           Governance             Performance          Responsibility        Quality                Outlook                                                               GOVERNANCE (ESG) REPORT
Employee Incentives                                                                                                    Employee Training
Relying on regulations such as the Employee Rewards and Punishments Measures, the Company has established a
                                                                                                                       The Company relies on online platforms such as
multi-dimensional performance appraisal system. We have set up special awards including the Double First-Class
                                                                                                                       "Zheli Learning", collaborating with offline special
Initiative, Advanced Production (Work) Model and other honors to recognize outstanding employees and teams, and
                                                                                                                       training and daily training. Through diversified
foster an organizational culture that values talents. Meanwhile, we implement a special subsidy policy for technical
                                                                                                                       formats such as specialty classes and enhancement
talents. Monthly subsidies of varying amounts are granted to high-level technical talents such as chief technicians,
                                                                                                                       classes, we continuously improve employees'
effectively enhancing their sense of gain and enthusiasm for innovation.
                                                                                                                       professional capabilities and comprehensive literacy.
Employee Performance Feedback and Appeals                                                                              We compile career growth guides, share development
                                                                                                                       paths, and help employees clarify their growth
The Company has established a standardized annual performance feedback and two-way communication
                                                                                                                       directions. We select key personnel to participate                            Zheli Learning Platform
mechanism, clearly stipulating that assessors must complete performance interviews within one week after the
                                                                                                                       in our high-level training projects to strengthen
assessment concludes. The interview content not only objectively evaluates employees' work output, strengths,
                                                                                                                       strategic thinking and management capabilities.
and weaknesses but also constructs a comprehensive performance closed-loop by formulating improvement plans,
providing management support, and offering targeted personal training suggestions.
Career Development                                                                                                           Case       Leadership Empowerment Training for Young and Middle-aged Management Cadres
The Company has constructed a multi-track employee career development system covering management, technical,
                                                                                                                         Attach great importance to the cultivation of young cadres, with the young and middle-aged cadre training class
and operation support positions, providing employees with clear and diverse growth paths.
                                                                                                                         serving as one of the key platforms for cadre training and development. In July 2025, arrange management
                                                                                                                         personnel to fully participate in the young and middle-aged cadre training organized by the superior unit. Adopt
     •Clarify the promotion qualifications, procedures and frequency for all career tracks in accordance with the       diversified training modes including theoretical lectures, on-site teaching and seminar exchanges to systematically
       Administrative Measures for Managerial (Technical) Staff and Career Development Management Measures               strengthen the construction of talent echelons. Design courses closely aligned with current trends, focusing on core
       for Operational Support Post Employees, and standardize and smooth career development channels.                   topics such as domestic and international macro situation analysis, digital transformation and upgrading, state-
     •Carry out continuing education, assessment and appointment for professional and technical personnel               owned enterprise reform, as well as investment and finance. Deliver multi-dimensional knowledge empowerment
       on a regular basis, with 20 employees upgraded in professional and technical qualification levels during          to comprehensively enhance management cadres' strategic thinking and comprehensive governance capabilities,
       the reporting period.                                                                                             and provide solid talent support for the Company's high-quality and sustainable development.
     •Advance the cultivation of highly skilled talents; leverage featured programs such as the Craftsman
       Special Training Camp and Digital Craftsman Class, and strengthen incentives via Model Worker selection
       and other mechanisms, so as to realize coordinated progress of employee competency improvement and
       industrial upgrading, and fully protect employees' career development rights and interests.                       Total Annual Training Expenditure
                                                                                                                         Total Annual Training Expenditure?RMB 38.61 million          Employee Training Coverage Rate?85.69%
                                                                                                                         Total Number of Trained Employees                                                                15,339 persons
                                                                                                                                                       Male?12,716 persons                                         Management?260 persons
                                                                                                                                 By                                                         By Job
                                                                                                                               Gender                  Female?2,623 persons
                                                                                                                                                                                             Level                 Staff?15,079 persons
                                  Trainees Conduct Simulation Operation Training
NINGBO ZHOUSHAN PORT                                      Corporate          Environmental              Social             Service                   Future                                                          2025 ENVIRONMENTAL, SOCIAL AND
                                     Preface                                                                                                                              Appendix
COMPANY LIMITED                                          Governance           Performance            Responsibility        Quality                   Outlook                                                                GOVERNANCE (ESG) REPORT
                                                                                                                      Assistance for Needy Employees
  Total Hours of Employee Training                                                                 684,968 hours
                                                                                                                      The Company has established a comprehensive assistance mechanism. Through targeted identification and
                                                                                                                      dynamic management, it provides timely and effective support to employees in financial hardship, effectively
                                                                                                                      safeguarding their basic living rights and ensuring every employee feels the warmth and care of the enterprise.
                               Male?556,684 hours                                       Management?28,874 hours              During the reporting period
          By                                                      By Job
        Gender                                                     Level
                               Female?128,284 hours                                     Staff?656,094 hours
                                                                                                                          Condolences were extended to needy and sick employees for              1,109 person-times. Subsidies of RMB
                                                                                                                          support reached RMB 23.98 million.
Employee Care
The Company systematically builds an employee care system, focusing on health protection, work environment,
work-life balance, team building, and family care, continuously enhancing employee well-being and sense of
belonging.
      The Company normalizes the "Care for Five Gifts" service, providing comprehensive care and support
      for employees. Through regular training on emotional management, traditional Chinese medicine
                                                                                                                                                                   Visits to Needy and Sick Employees
      wellness, and handicraft making, we help employees relieve stress and improve their physical and
      mental health levels.
                                                                                                                      Children's Education
                                                                                                                      The Company's "Summer Love School" project has been operating for twelve consecutive years, benefiting over a
                                                                                                                      thousand person-times cumulatively. Through systematic and normalized summer care and growth support, the
                                                                                                                      project effectively reduces the burden on employees' families, promotes work-life balance, and deeply cares for the
                                                                                                                      well-being of employees' families.
                                                                                                                            Case       Summer Love School
                                                                                                                          In 2025, the "Summer Love School" adopted the
                                                                                                                          theme "Smart Fun Summer, Childhood Dreams
                                                                                                                          Together", deepening the "care + education +
                                                                                                                          practice" service model. It expanded its care
                                                                                                                          scope to branches such as Ningbo Port mansion
        "Emotional Management and Psychological Stress           Succulent Micro-landscape Making Activity                and Zhoushan, offering multiple summer care
                 Relief" Mental Health Lecture                                                                            classes to provide safe and fulfilling summer care
                                                                                                                          for employees' children.                                                      Summer Love School
NINGBO ZHOUSHAN PORT                                        Corporate            Environmental            Social              Service               Future                                                       2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                             Appendix
COMPANY LIMITED                                            Governance             Performance          Responsibility         Quality               Outlook                                                             GOVERNANCE (ESG) REPORT
Care for Female Employees                                                                                               Focus on Mental Health
                                                                                                                        The Company established the "Mind Base" mental health service platform and innovatively launched the "Mind
The Company strictly adheres to laws and regulations such as the Law of the People's Republic of China on the
                                                                                                                        Growth" Teaching Caravan Initiative, extending professional psychological care services to areas such as Hangzhou,
Protection of Rights and Interests of Women and the Special Rules on the Labor Protection of Female Employees.
                                                                                                                        Taicang, Jiaxing, and Wenzhou. Throughout the year, 5 events were held, benefiting employees over 300 person-
Through diversified care activities and special support initiatives, we foster a respectful, equal, and inclusive
                                                                                                                        times, effectively enhancing their psychological well-being and organizational belonging.
working and living environment.
       Case        Lecture on "Effective Parent-Child Communication" for Female Employees
      In May 2025, our Labour Union invited Dr. Li Guangxue, Associate Chief Physician of the Department
      of Child and Adolescent Psychiatry, Ningbo University Affiliated Kangning Hospital, to give a lecture to
      Communication", analyzed parent-child conflicts and proposed practical solutions. This lecture not only
      popularized scientific parenting knowledge but also demonstrated our humanistic care for our female
                                                                                                                             "Mind Growth" Teaching Caravan - Hangzhou Area               "Mind Growth" Teaching Caravan - Taicang Area
      employees.
                                                                                                                           "Mind Growth" Teaching Caravan - Wenzhou Port Group             "Mind Growth" Teaching Caravan - Jiaxing Port
                                                                                                                        Employee Cultural Activities
                             Female Employees "Effective Parent-Child Communication" Lecture                            The Company regularly organizes diverse, healthy, and uplifting employee cultural and sports activities to enrich
                                                                                                                        employees' leisure lives and enhance team cohesion and centripetal force. We consolidate grassroots union service
                                                                                                                        bases, continuously cultivate employee cultural brands with enterprise characteristics, and foster a positive,
                                                                                                                        harmonious, and vibrant organizational atmosphere.
       Case        March 8th Women's Day Themed Salon
                                                                                                                        Indicators and Goals
      In March 2025, our Labour Union, together with                                                                           Key Performance
      the Labour Union of Zhejiang Seaport Group, co-
      hosted the March 8th Women's Day themed salon                                                                         During the reporting period, the total annual expenditure on employee training reached RMB 38.61 million,
      "Seasons for Her, Love Like Nature" at the Hyatt
      Regency Ningbo Creative Culture Port.
                                                                                                                            and the employee turnover rate stood at   0.98%;
                                                                                                                            As of the end of the reporting period, the proportion of employees covered by performance evaluation and
                                                                        March 8th Women's Day Themed Salon                  career development assessment was     99.32%.
Service Quality
Craftsmanship Pursuit and Service Quality Elevation
Refined Schemes and Robust Support System
Establishment
Innovative Models and Expanded Service Value
Creation
Complainant             Average Berth Productivity for
Satisfaction Rate       400,000-ton Bulk Carriers
NINGBO ZHOUSHAN PORT                                            Corporate            Environmental             Social             Service                 Future                                                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                           Appendix
COMPANY LIMITED                                                Governance             Performance           Responsibility        Quality                 Outlook                                                                                              GOVERNANCE (ESG) REPORT
Craftsmanship Pursuit and Service Quality                                                                                    Strategy
Elevation                                                                                                                    The Company fully leverages the "One Core, Four Shared Principles, Dual Cycles" quality management model,
                                                                                                                             formulates administrative measures including the Measures for the Administration of Freight Quality Management,
                                                                                                                             and continuously optimizes service assurance and production organization, ensuring effective control of service
Governance                                                                                                                   quality and achievement of targets.
The Company regards service quality as the core of the port's high-quality development. Aiming to build a world-                                                            "One Core, Four Shared Principles, Dual Cycles" Quality Management Mode
class strong port, we enhance service quality and efficiency through refined management, continuously optimize port
                                                                                                                                 The Core Goal of Quality                                                                               ervice loop f
service supply capabilities, and support the stable and smooth flow of global industrial and supply chains with high-                                                                                                          y of s                or a
                                                                                                                                        Management                                                                  u   alit                                ll s
quality services.                                                                                                                                                                                                lq                                                ce
                                                                                                                                                                                                             a                                                        n
                                                                                                                                                                                                        rn                                                                ar
                                                                                                                                                                                                     te
                                                                                                                                                                                              Ex
                                                                                                                                                                                                                                                                           io
The Company continues to refine its customer service and port operation institutional system. We have revised
systems such as the Measures for the Administration of Port Operation Charges, the Measures for the Administration of                 First-Class Service                                                                                          Digital
Port Operation Contracts, and the Operational Rules for the Management of Bulk and General Cargo Handover. We also                                                                                        Logistics
                                                                                                                                                                                                                                                intelligence
                                                                                                                                                                      Serving the World
                                                                                                                                                                                                         Connection
                                                                                                                                                                                                                                                                                Linking the Globe
optimize the service quality assessment system to drive the continuous improvement of service quality and efficiency.                                                                                                                             sharing
                                                                                                                                                                                                                                   Hardcore
Integrated Port Service System                                                                                                                                                                                                    strong port
                                                                                                                                      Quality Culture                                                               Port city                    Win-win for
            Business Segment                                                Core Service Content
                                                                                                                                                                                                                  integration                    customers
                                                                                                                                                                                               Th
                                                                                                                                                                                                                                                                        op
                                                                                                                                                                                                 ew
                                                                                                                                                                                                                                                                      lo
            Container Terminal                     24/7 loading and unloading operations for all global vessel types                                                                                    ol                                  li
                                                                                                                                                                                                                                                                   ty
                                                                                                                                                                                                   h
                                                                                                                                                                                                          ep                              ua
                                                                                                                             Build a Strong Port Benchmark With                                             roc                          q
      Bulk and General Cargo Terminal             Full-category coverage including ores, oil, grain, coal and ro-ro cargo                                                                                      ess                   ion
                                                                                                                                        Quality Service                                                            of internal operat
               Port Logistics                 Multimodal transport, warehousing, cold chain and special cargo freight
           Port Support Services                          Tugboat services, cargo handling and digital support
                                                                                                                             Impacts, Risks and Opportunities Management
                                                                                                                             Optimize Port Environment
                                                                                                                             The Company continues to deepen coordination with the Customs, the Immigration Inspection, and the Maritime
                                                                                                                             Safety Administration authorities. We comprehensively advance the upgrading of port opening capacity, and launch
                                                                                                                             a number of facilitation measures jointly with various port authorities. By optimizing customs clearance procedures
                                                                                                                             and reducing non-operational time of vessels, we effectively improve overall port clearance efficiency.
                                                                                                                             Port Coordination and Facilitation Measures
                                                                                                                               Coordinated Authorities                                               Core Initiatives and Outcomes
                                                                                                                                                            Promote remote quarantine and synchronized operations; optimize inspection
                                                                                                                                       Customs
                                                                                                                                                                           procedures; develop intelligent inspect equipment.
                                                                                                                                                            Improve pre-inspection efficiency; conduct advance checks on ore vessels at
                                                                                                                                Immigration Inspection
                                                                                                                                                                        anchorage to achieve "immediate processing upon arrival".
                                                                                                                                    Maritime Safety         Enhance early warning and pre-control mechanisms; normalize handling of anchor
                                                     Port Aerial Photograph                                                         Administration                  shifts; implement the "Precise Berthing & Cost Reduction" initiative.
NINGBO ZHOUSHAN PORT                                          Corporate            Environmental              Social              Service                 Future                                                            2025 ENVIRONMENTAL, SOCIAL AND
                                      Preface                                                                                                                                     Appendix
COMPANY LIMITED                                              Governance             Performance            Responsibility         Quality                 Outlook                                                                  GOVERNANCE (ESG) REPORT
Improving Port Operational Efficiency
                                                                                                                                   Case        Building the "FAST" Logistics Steward Team
The Company comprehensively enhances service capabilities, focusing on optimizing efficiency and enhancing capacity as the
core, establishes an operation efficiency assessment and improvement mechanism. For the container business, differentiated
                                                                                                                                 The Company builds the "FAST" logistics steward team, guiding young employees to aim for "serving
assessment standards are set around core dimensions such as waiting time for berths, vessel turnaround efficiency at
                                                                                                                                 Zhejiang merchants and achieving win-win development". The team creates a "one-on-one" service
berth, and transshipment container on-time rate. For the bulk and general cargo business, operation efficiency benchmarks
                                                                                                                                 mechanism, precisely matching service demands, cracking logistics bottlenecks for Zhejiang merchants
are formulated for each dock, and a single-vessel operation efficiency evaluation and weekly public scoring assessment
                                                                                                                                 going global. Long-term services such as policy promotion, "on-site diagnostic consultations for
mechanism is implemented, guiding efficiency improvement through refined assessment.
                                                                                                                                 enterprises", and customized logistics solutions have been carried out. Throughout the year, the logistics
                                                                                                                                 steward team has visited and contacted 317 enterprises, resolving 159 enterprise logistics demands,
Customer Communication and Complaint Handling
                                                                                                                                 achieving a multi-win pattern of joint growth between state-owned enterprises and private enterprises and
The Company prioritizes enhancing customer satisfaction and focuses on preventing and resolving operational risks.               enhanced industrial chain resilience.
We build a multi-channel customer communication system and a robust complaint handling mechanism. We rapidly
respond to customer demands and continuously optimize service processes and promptly handle and resolve petitions
and complaints related to production and business operations, effectively safeguarding customer rights and interests.
Customer Request Response and Closed-Loop Management
            Core Module                                          Key Initiatives and Channels
  Multi-channel Demand Access        municipal people's livelihood platforms; conducting in-depth on-site research at
                                                                                                                                       Logistics Steward Visit Enterprises Scenario            The Logistics Steward participated in a parallel forum
                                                                      frontline sites.
                                                                                                                                                                                              of the New Generation Zhejiang Entrepreneurs Themed
      Closed-loop Management          100% traceability follow-up and root-cause analysis for complaints; identifying
                                                                                                                                                                                                      Event and conducted on-site promotion.
            Mechanism                        and fixing management shortcomings through a review mechanism.
                                          Promoting container entry reservation and in-port navigation; establishing
 Specialized Service Optimization
                                          special task forces for peak complaint handling, with one-on-one follow-up.
Indicators and Goals
                                                                                                                             Refined Schemes and Robust Support System
                                                                                                                             Establishment
            Six companies have been selected as Zhejiang Provincial Leading Service Enterprises for 2025.
                Ningbo Zhoushan Port Co., Ltd.                      Zhejiang Seaport Logistics Group Co., Ltd.
                                                                                                                             Optimizing Navigation Assurance
                Ningbo Ocean Shipping Co., Ltd.                  Ningbo Beilun Third Container Terminal Co., Ltd.            To properly address seasonal weather such as monsoons, typhoons and poor visibility, as well as various
                                                                                                                             navigation risks, the Company collaborates with multiple parties including the maritime departments,
         Ningbo Meidong Container Terminal Co., Ltd.           Ningbo Port Information & Communication Co., Ltd.
                                                                                                                             meteorological departments and pilotage authorities to build a full-process, refined navigation assurance system to
                                                                                                                             comprehensively secure the defense line for safe operation of the port and enhance supply chain resilience.
                             Indicators                                       Unit                 2024          2025
                                                                                                                                Core Dimension                                         Key Initiatives and Outcomes
      Average Berth Productivity for 400,000-ton Bulk Carriers             tons/hour            6,208.6         6,760.7
                                                                                                                                                     Promote representative station construction; implement zonal gale forecasting and differentiated
         Maximum Vessel Productivity for Container Ships                   TEUs/hour               338.6         392.9       Smart Meteorological
                                                                                                                                                       control for "differentiated cargo types"; prioritize assurance for container and bulk ore carrier
                                                                                                                                    Services
        Average Mainline Vessel Productivity for Containers                TEUs/hour               117.9         118.4                                                                           operations.
        Average Mainline Berth Productivity for Containers                 TEUs/hour               103.9         109.1       Navigation Assurance Implement "segmented anchoring and segmented pilotage" for low visibility weather; coordinate
                                                                                                                                 Optimization             the dispatch mechanism for commercial and fishing vessels to ensure joint governance.
             Port Throughput per Meter of Quay Line                        TEUs/year               2,736         2,994
                                                                                                                               Emergency System        Establish a tugboat emergency linkage mechanism; form a ship-shore water safety task force;
                  Complainant Satisfaction Rate                                %                   100            100             Construction       implement a specialized rectification checklist to enhance emergency incident handling efficacy.
NINGBO ZHOUSHAN PORT                                      Corporate             Environmental          Social               Service                Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                     Preface                                                                                                                             Appendix
COMPANY LIMITED                                          Governance              Performance        Responsibility          Quality                Outlook                                                              GOVERNANCE (ESG) REPORT
Strengthening Transshipment and Empty Container Assurance                                                              Innovative Models and Expanded Service Value
The Company focuses on optimizing business processes, continuously enhancing port operation efficiency and             While deepening core business of port loading and unloading, the Company consistently orients toward the
service assurance levels through strengthening transshipment services and the coordination of empty container          diversified and personalized needs of customers. We continuously innovate service models and extend service
resources.                                                                                                             chains, launching a series of distinctive services to constantly refine the full-process port logistics service system.
                                                                                                                       While continuously enhancing the customer service experience, we effectively expand the boundaries and value
In terms of transshipment assurance, specialized service indicators are set for key regional markets such as the       space of port services, helping upstream and downstream industrial and supply chains to reduce costs, increase
Yangtze River and Zhapu, and we optimize the entire operation process to improve transshipment efficiency and          efficiency, and remain stable and unobstructed.
customer satisfaction. In terms of empty container assurance, addressing supply and demand fluctuations in the
global trade environment, we efficiently alleviate supply-demand contradictions through measures such as issuing
                                                                                                                       Core Business Segment                                    Key Initiatives and Outcomes
phased special policies, guiding empty container repositioning, and operating extra loaders. These efforts safeguard
the shipment demands of foreign trade enterprises and support the stability of industrial and supply chains.                                        Annual handling volume of Zhongzhai refined ore exceeded 10 million tons; Taicang
                                                                                                                          Ore Blending and
                                                                                                                                                 Wugang screening project was put into operation; integrated "processing + transshipment"
                                                                                                                             Processing
                                                                                                                                                              solutions such as ore-coal blending and crushing are provided.
                                                                                                                                                   Integrated sea-river intermodal resources and innovated the "dual-transport" model;
                                                                                                                        End-to-End Logistics
                                                                                                                                                  added 3 new bulk dual-service routes in 2025, with annual end-to-end logistics volume
                                                                                                                             Innovation
                                                                                                                                                                 reaching 31 million tons, a year-on-year increase of 3.6%.
                                                                                                                                                  Integrated rail-sea express lines and international fast liner services, launching premium
                                                                                                                       "Rail-Sea Dual Express"   services such as "Yiwu-Dubai Connect" and "Anhui-Ningbo-Europe" routes; connected to
                                                                                                                                Model            fast liner routes to the Middle East, Mediterranean, West South America and other regions
                                                                                                                                                                                      via Suxi Station.
                                   Continuously Enhancing Port Operation Efficiency
Advancing Integrated Management of Navigation Zones
The Company deeply advances integrated management of navigation zones, building a collaborative operation
system for the Northern Zhejiang, Yangtze River, and Southern Zhejiang regions. We expand the service network
and unlock the collective efficiency of the port cluster. Support capacity in the Northern Zhejiang navigation area
continues to improve, with the punctuality rate of the Zhapu feeder services remaining stable above 98%. The
Yangtze River navigation area has launched its integrated system, optimizing berth resource allocation through
empty container coordination and transshipment pilots. The Southern Zhejiang navigation area has built an
integrated operation network by connecting liner schedules, providing standardized end-to-end logistics services           Beilun Ore Terminal Branch Zhongzhai Blended Ore         Nanjing Mingzhou Terminal Integrated Ore and Coal Processing
for regional customers.                                                                                                                                                                                      Services
NINGBO ZHOUSHAN PORT                                           Corporate             Environmental               Social                  Service                Future                                                              2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                        Appendix
COMPANY LIMITED                                               Governance              Performance             Responsibility             Quality                Outlook                                                                    GOVERNANCE (ESG) REPORT
Future Outlook                                                                                                                     Appendix
Anchoring Key Targets and Forging a New Blueprint for a Stronger Port                                                              List of Material Topics and Management
sprint towards basically completing the "Double First-Class" target. Standing at this new development starting point,                                           Scope of Impact
                                                                                                                                                                                            Risk and                                                Corresponding
the Company will always take the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the                    Topic Objective                                                         Risk and Opportunity Response
                                                                                                                                                           Value   Company    Social
fundamental guideline, resolutely implement the decisions and deployments of the Zhejiang Provincial Party Committee                                                                      Opportunity                                                  Chapter
                                                                                                                                                           Chain Operations Impact
and Government, anchor the "Double First-Class" construction target without wavering, resolve development challenges
                                                                                                                                                                                         Environmental
with strategic determination, and write the answer sheet for a strong port with practical actions.
                                                                                                                                                                                  Environmental Management
Anchoring the direction of transformation and upgrading, the Company will continue to deepen the "Six Major Assaults"                                                                  1.Policy and
                                                                                                                                                                                                             Establish a comprehensive
                                                                                                                                                                                       regulatory risks
and fully enhance the "Four Major Capacity Levels", accelerating the fundamental leap from a "Throughput Giant Port" to an         Achieve environmental                                                     environmental management system;
"Allocation Strong Port". Based on the core resource endowment of the port, we will integrate the advantages of sectors such       sustainability                                                            develop a sound environmental
                                                                                                                                                                                       brand risks
as dock operations, warehousing logistics, and river-sea intermodal transport. We will focus on building the Yangtze River Delta   by reducing                                                               emergency response plan; enhance
                                                                                                                                   environmental impact                                                      environmental awareness of
Bulk Commodity Distribution Center, Energy Storage and Transportation Guarantee Base, and Digital Supply Chain Service                                                                 innovation risks
                                                                                                                                   and enhancing                                                             all employees through regular
Hub, constructing a full-process logistics service system connecting domestic and overseas markets and linking upstream and                                                            4.Green port rating
                                                                                                                                   environmental                                                             drills and training. The Company
downstream, thereby strengthening the port's resource allocation capacity within the global supply chain.                                                                              opportunities                                                Environmental
                                                                                                                                   performance through      √         √           √                          participates in green port rating to
                                                                                                                                   the formulation                                                           set industry benchmarks, leverages
Fulfilling the mission of green development, the Company will deeply integrate into the ESG sustainable development                                                                    business expansion
                                                                                                                                   and execution of                                                          environmental technology upgrades
                                                                                                                                                                                       opportunities
system, led by the Dual Carbon Goals, to promote the optimization of the port's energy structure. We will vigorously               comprehensive                                                             to expand customer services, and
deploy clean energy projects such as photovoltaics (PV), wind power, and energy storage, promote the application of                environmental                                                             deepens environmental cooperation
                                                                                                                                                                                       enterprise
green port technologies, and deepen energy conservation, emission reduction, and pollution prevention in the port                  protection                                                                with government authorities to
                                                                                                                                                                                       environmental
                                                                                                                                   management systems.                                                       actively seek policy and financial
area to set benchmarks for green and low-carbon operations. Simultaneously, we will continuously refine the corporate                                                                  cooperation
                                                                                                                                                                                                             support.
governance system, strengthen compliance management and responsibility fulfillment, balancing the interests of                                                                         opportunities
shareholders, customers, employees, and all sectors of society, demonstrating the mission and responsibility of a state-                                                                   Energy Use
owned enterprise.                                                                                                                                                                                            Leverage the smart energy
                                                                                                                                                                                                             management system to accurately
Adhering to innovation-driven development, the Company will focus on the core tracks of port digitalization and                                                                                              integrate energy consumption
intelligent transformation, increase investment in scientific and technological innovation, and break through key core                                                                                       accounting into every aspect
technologies such as smart port operations, automation, and logistics information collaboration. We will promote the                                                                   1.Operational and     of port operations, effectively
                                                                                                                                                                                       supply chain risks    improve vessel energy efficiency,
deep integration of big data, artificial intelligence, and the Internet of Things with port businesses, upgrading the smart
port management platform to achieve comprehensive improvements in operational efficiency, service quality, and
                                                                                                                                   Achieve efficient                                   natural risks         negative impacts from extreme
operational safety, empowering the high-quality development of the port with technology.                                           energy utilization                                  3.Green power         weather, ocean acidification,
                                                                                                                                                                                                                                                    Environmental
                                                                                                                                   through effective        √         √           √    industry layout       sea level rise, etc. The Company
The Tide Rises in the East, Linking the Globe. In the future, the Company will always uphold the original aspiration                                                                                                                                 Performance
                                                                                                                                   strategies and                                      opportunities         focuses on developing green
of "serving national strategies and empowering regional development", breaking the deadlock with an assault                        measures.                                           4.Energy              power projects such as wind
posture, moving forward with a progressive momentum, and fully constructing a modern strong port with greater                                                                          management            power and photovoltaics (PV)
competitiveness, influence, and radiation capacity, injecting a constant stream of port power into serving the construction                                                            service export        to increase port energy self-
                                                                                                                                                                                       opportunities         sufficiency; develops professional
of a new development pattern and building a high-level open and strong province.
                                                                                                                                                                                                             energy management systems (e.g.,
                                                                                                                                                                                                             wind power generation) to help
                                                                                                                                                                                                             partners increase their share of
                                                                                                                                                                                                             green electricity.
NINGBO ZHOUSHAN PORT                                             Corporate                Environmental                Social             Service                   Future                                                                2025 ENVIRONMENTAL, SOCIAL AND
                                       Preface                                                                                                                                              Appendix
COMPANY LIMITED                                                 Governance                 Performance              Responsibility        Quality                   Outlook                                                                      GOVERNANCE (ESG) REPORT
                             Scope of Impact                                                                                                                        Scope of Impact
                                                             Risk and                                                Corresponding                                                                Risk and                                                 Corresponding
      Topic Objective    Value   Company    Social                                Risk and Opportunity Response                         Topic Objective        Value   Company    Social                              Risk and Opportunity Response
                                                           Opportunity                                                  Chapter                                                                 Opportunity                                                   Chapter
                         Chain Operations Impact                                                                                                               Chain Operations Impact
                                                        Pollutant Emissions                                                                                                           Response to Climate Change
                                                                               Strictly comply with national                         Achieve green and low-                                  1.Policy and
                                                        regulatory risks                                                                                                                                           opportunities based on governance,
                                                                               and local pollutant emission                          carbon development                                      regulatory risks
                                                                               regulations; rigorously control                       through measures                                        2.Climate and
                                                        litigation risks                                                                                                                                           and targets; formulate a climate
                                                                               various pollutant emissions by                        such as improving                                       natural risks
Continuously improve                                    3.Climate and                                                                                                                                              change response plan; integrate
                                                                               optimizing port equipment and                         processes, upgrading                                    3.Technology and
the environment by                                      natural risks                                                                                                                                              climate change issues into the
                                                                               operational processes; actively                       production equipment,                                   innovation risks
formulating relevant                                    4.Financial and                                                                                                                                            overall development strategy. The
                                                                               promote the use of clean energy.      Environmental   optimizing energy                                       4.Carbon
management systems                 √             √      market risks                                                                                                                                               Company actively participates           Environmental
                                                                               The Company independently              Performance    structure, improving       √         √           √      trading market
and adopting effective                                  5.Pollution control                                                                                                                                        in the carbon trading market             Performance
                                                                               develops port-specific pollution                      production energy                                       participation
measures to control                                     technology                                                                                                                                                 to monetize port carbon assets
                                                                               control technologies to build core                    efficiency, researching                                 opportunities
pollutant emissions.                                    innovation                                                                                                                                                 and enhance economic returns;
                                                                               competitive advantages; leverages                     and providing green                                     5.Low-carbon port
                                                        opportunities                                                                                                                                              develops integrated low-carbon port
                                                                               low-emission development                              products and services,                                  solution export
                                                                               advantages to deepen cooperation                      and improving                                           opportunities
                                                        cooperation                                                                                                                                                leverages green port construction
                                                                               with green logistics customers.                       and strengthening                                       6.Green finance
                                                        opportunities                                                                                                                                              achievements to access low-cost
                                                                                                                                     management.                                             opportunities
                                                     Water Resource Utilization                                                                                                                                    green finance.
                                                        regulatory risks                                                                                                                     1.Reputation and
                                                                               Establish water use management
Achieve sustainable                                                            goals and plans, strengthen water
                                                        supply chain risks                                                                                                                   2.Climate and         environmental monitoring,
management of                                                                  use monitoring and analysis, and                      Protect and restore
water resources by                                                             actively implement various water-                     ecosystems, maintain
                                                        natural risks                                                                                                                        3.Eco-port            at terminals, and carry out port
efficiently utilizing                                                          saving measures; develop port                         biodiversity, and
water, reducing water              √             √                             water recycling technologies and                      enhance the                                                                                                           Environmental
                                                        for promoting                                                 Performance                               √         √           √      opportunities         builds a distinctive eco-port brand
consumption, and                                                               promote their application to the                      biodiversity value of                                                                                                  Performance
                                                        water recycling                                                                                                                      4.Government-         to enhance market competitiveness
protecting water                                                               industry. The Company strives                         operating areas and
                                                        technologies                                                                                                                         enterprise            and brand reputation; deepens
resources from                                                                 to build a water-saving port                          other regions through
pollution.                                                                     benchmark and actively seeks                          a series of measures.
                                                        for establishing a                                                                                                                   protection            with government authorities to
                                                                               policy support and incentives.
                                                        water-saving port                                                                                                                    cooperation           secure special ecological support.
                                                        benchmark                                                                                                                            opportunities
                                                         Waste Treatment                                                                                                                     Circular Economy
                                                                               Establish strict waste                                                                                        1.Technology and
                                                                               management systems, define                                                                                    innovation risks
                                                        regulatory risks
                                                                               waste classification standards                                                                                2.Financial and       Promote resource recycling and
                                                                               and treatment processes, and                                                                                  market risks          strengthen the recovery and reuse
Reduce environmental                                    natural risks                                                                harmonious symbiosis
                                                                               accelerate the introduction and                                                                               3.Opportunities       of waste and water resources. The
pollution by properly                                   3.Financial and                                                              of economy and
                                                                               upgrading of waste treatment                                                                                  for building a port   Company builds a port-specific
handling waste                                          market risks                                                 Environmental   environment by                                                                                                        Environmental
                                   √             √                             equipment. The Company                                                                     √           √      circular economy      circular economy industrial chain
generated during                                        4.Opportunities for                                           Performance    optimizing production                                                                                                  Performance
                                                                               promotes port solid waste resource                                                                            industrial chain      to cultivate new business growth
production and                                          port solid waste                                                             processes, increasing
                                                                               utilization to create new revenue                                                                             4.Opportunities       points; actively applies for national
operations.                                             resource utilization                                                         recycling rates, and
                                                                               growth points; integrates waste                                                                               for applying for      circular economy demonstration
                                                                               treatment resources to provide                                                                                circular economy      projects to seek policy support.
                                                        waste treatment
                                                                               specialized outsourcing services                                                                              demonstration
                                                        service outsourcing
                                                                               for the industry.                                                                                             projects
NINGBO ZHOUSHAN PORT                                             Corporate                 Environmental                       Social              Service                   Future                                                           2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                                                    Appendix
COMPANY LIMITED                                                 Governance                  Performance                     Responsibility         Quality                   Outlook                                                                 GOVERNANCE (ESG) REPORT
                                 Scope of Impact                                                                                                                             Scope of Impact
                                                             Risk and                                                        Corresponding                                                                Risk and                                           Corresponding
      Topic Objective       Value   Company    Social                          Risk and Opportunity Response                                     Topic Objective        Value   Company     Social                        Risk and Opportunity Response
                                                           Opportunity                                                          Chapter                                                                 Opportunity                                             Chapter
                            Chain Operations Impact                                                                                                                     Chain Operations Impact
                                              Cleaner Production and Green Design                                                                                                     Data Security and Customer Privacy Protection
                                                                              Actively introduce clean energy
Create a green port                                     regulatory risks                                                                      personal information
                                                                              such as wind power and PVs, and
by using cleaner                                        2.Technology and                                                                      security and privacy
                                                                              accelerate the application of new
production methods,                                     innovation risks                                                                      by complying with                                                          Establish and improve
                                                                              energy equipment such as electric
adopting more efficient                                 3.Financial and                                                                       regulations related to                                                     information security management
                                                                              forklifts and electric terminal tractors.
resource utilization                                    market risks                                                         Environmental    information security                                   1.Policy and        mechanisms; strictly enforce
                             √        √             √                         The Company develops port-specific
methods, and reducing                                   4.Opportunities                                                       Performance     and privacy protection,                                regulatory risks    information security and customer
                                                                              green equipment, building R&D and
environmental                                           for green port                                                                        clarifying compliance                                  2.Legal and         privacy management systems;
                                                                              industrialization capabilities; exports
pollution and energy                                    equipment R&D                                                                         requirements in                                        litigation risks    strengthen information security
                                                                              port clean production technologies
consumption in the                                      5.Opportunities for                                                                   stages such as                                         3.Port data         through technical means. The           Social
                                                                              and management practices to the                                                            √         √
production process.                                     clean production                                                                      collection, storage,                                   security service    Company builds a data security      Responsibility
                                                                              industry.
                                                        technology export                                                                     use, processing,                                       opportunities       service system in the port and
                                                              Social                                                                          transmission,                                          4.Smart port data   shipping sector to expand related
                                                        Innovation-Driven                                                                    provision, public                                      collaboration       business; develops a secure
                                                                                                                                              disclosure, and                                        opportunities       and compliant smart port data
Enhance its own
                                                                                                                                              deletion, signing                                                          platform to achieve industry data
competitiveness and                                     1.Technology and
                                                                                                                                              confidentiality                                                            collaboration.
promote sustainable                                     innovation risks
                                                                              Establish a sound technology                                    agreements, and
development by                                          2.Financial and
                                                                              innovation management system                                    formulating emergency
actively implementing                                   market risks
                                                                              to promote standardized and                                     plans.
the innovation-driven                                   3.Organizational
                                                                              efficient operation of technology                                                                           Product and Service Safety and Quality
development strategy,                                   and talent risks
                                                                              projects; fully mobilize employees'               Social
promoting scientific         √        √             √   4.Opportunities                                                                       Continuously
                                                                              innovation enthusiasm through                  Responsibility
and technological                                       for smart port                                                                        improve customer
                                                                              incentives. The Company promotes
innovation, and                                         technology                                                                            satisfaction and
                                                                              the industrialization of core smart
strengthening the                                       industrialization                                                                     loyalty by expanding                                                      Fully apply the "One Core, Four
                                                                              port and shipping technologies to
transformation and                                      5.Opportunities                                                                       service functions                                                         Shared Principles, Dual Cycles"
                                                                              create new revenue streams.
application of scientific                               for technological                                                                     and continuously                                                          quality management model to
and technological                                       achievements                                                                          improving service                                                         optimize service assurance and
achievements.                                                                                                                                 quality, creating an                                                      production organization, driving
                                                                                                                                                                                                     market risks
                                           Safety Management and Occupational Health                                                         efficient and high-                                                       service quality improvement
                                                                                                                                              quality service port.      √         √           √                        deeper and more solidly. Optimize    Service Quality
                                                                              Establish a Safety Production                                                                                          brand risks
Protect the safety                                                                                                                            Establish a customer                                                      customer service processes and
                                                                              Committee and relevant working                                                                                         3.Brand and market
of employees and                                                                                                                              service system to                                                         improve service efficiency through
                                                                              groups to ensure accountability at                                                                                     opportunities
assets by ensuring the                                  1.Policy and                                                                          provide port services                                                     multiple measures. Provide
                                                                              all levels; conduct safety production
safety of production                                    regulatory risks                                                                      including cargo                                                           customized and efficient service
                                                                              responsibility assessments to
and operations,                                         2.Organizational                                                                      handling, intra-port                                                      experiences through innovative
                                                                              strengthen safety management
including emergency                                     and talent risks                                                                      barge services, and                                                       service models.
                                                                              and supervision mechanisms.
preparedness and                                        3.Legal and                                                                           tugboat services to
                                                                              Improve the occupational health
response. Protect                                       litigation risks                                                        Social        enhance the customer
                             √        √             √                         management system and fully
employee health and                                     4.Smart security                                                     Responsibility   service experience.
                                                                              implement occupational disease
provide a healthy                                       technology
                                                                              prevention measures. Develop safety
working environment                                     opportunities
                                                                              informatization work plans and expand
to continuously                                         5.System
                                                                              pilot applications of robots and AI in risk
improve employee                                        certification
                                                                              identification and inspection. Promote
satisfaction and reduce                                 opportunities
                                                                              subsidiaries to obtain ISO 45001 and
the incidence of
                                                                              other system certifications to enhance
occupational diseases.
                                                                              management standardization.
NINGBO ZHOUSHAN PORT                                               Corporate               Environmental                  Social               Service                   Future                                                                2025 ENVIRONMENTAL, SOCIAL AND
                                         Preface                                                                                                                                                Appendix
COMPANY LIMITED                                                   Governance                Performance                Responsibility          Quality                   Outlook                                                                      GOVERNANCE (ESG) REPORT
                                Scope of Impact                                                                                                                          Scope of Impact
                                                               Risk and                                                 Corresponding                                                                 Risk and                                                 Corresponding
      Topic Objective      Value   Company    Social                              Risk and Opportunity Response                             Topic Objective         Value   Company    Social                             Risk and Opportunity Response
                                                             Opportunity                                                   Chapter                                                                  Opportunity                                                   Chapter
                           Chain Operations Impact                                                                                                                  Chain Operations Impact
                                                       Supply Chain Management                                                                                                                 Social Contributions
Ensure the sustainable                                                           Improve the supplier management                                                                                1.Reputation and
operation and                                                                    system, optimize procurement                                                                                   brand risks
social responsibility                                                            costs, enhance procurement                                                                                     2.SOE
fulfillment of the                                                               efficiency, promote integrity and                       Fulfill the                                            responsibility           Organize employee teams to
                                                          regulatory risks
supply chain while                                                               self-discipline, and increase the                       responsibilities of a                                  image                    carry out diverse social welfare
reducing supply chain       √        √                                           transparency and sustainability                         state-owned enterprise                                 enhancement              volunteer activities; include
                                                          market risks                                                  Responsibility
risks through measures                                                           of supply chain management.                             and build a responsible                                opportunities            social welfare performance in the        Social
such as integrating                                                              Implement full lifecycle supplier                       listed company by                                      3.Employee               employee recognition system to        Responsibility
                                                          opportunities
resources, optimizing                                                            management through electronic                           carrying out various                                   cohesion                 incentivize participation; build a
processes, and                                                                   bidding procurement platforms                           social welfare and                                     enhancement              distinctive social welfare brand
improving efficiency.                                                            and other systems.                                      volunteer activities.                                  opportunities            and strengthen publicity.
                                                        Employee Management                                                                                                                    4.Social influence
                                                                                 Adhere to lawful employment                                                                                    expansion
Improve employee                                                                                                                                                                                opportunities
                                                                                 practices; create an equal,
capabilities and
                                                                                 respectful, diverse, and                                                                                       Rural Revitalization
identification                                            1.Organizational
                                                                                 inclusive work environment;                                                                                    1.Reputation and
by effectively                                            and talent risks
                                                                                 improve employee career                                                                                        brand risks
managing human                                            2.Legal and
                                                                                 development paths; unleash                              Accelerate                                             2.Rural assistance       The Company and its subsidiaries
resources, including                                      litigation risks
                                                                                 employee potential; strengthen            Social        agricultural and rural                                 activity                 regularly carry out rural
recruitment, training,      √        √             √      3.Reputation and
                                                                                 employee communication and             Responsibility   modernization and                                      opportunities            assistance activities; support the
performance appraisal,                                    brand risks
                                                                                 collaboration. Implement pay                            achieve comprehensive                                  3.Rural industrial       development and expansion of
and employee                                              4.Organizational                                                                                                                                                                                        Social
                                                                                 equity, welfare benefits, and                           rural revitalization                  √           √    development              local rural specialty industries
development, to help                                      talent resilience                                                                                                                                                                                    Responsibility
                                                                                 democratic management; deepen                           by investing in and                                    support                  based on local conditions;
the enterprise achieve                                    opportunities
                                                                                 mental health services, hardship                        supporting rural                                       opportunities            strengthen publicity to enhance
long-term sustainable
                                                                                 assistance, and cultural activities                     development through                                    4.Corporate              the corporate social responsibility
development.
                                                                                 to enhance employee satisfaction.                       projects.                                              brand image              image.
                                                         Industry Cooperation                                                                                                                  enhancement
                                                          brand risks                                                                                                                             Value Creation
                                                          and talent risks                                                                                                                      market risks
Promote the high-
                                                          cooperation            Organize industry events to                                                                                    brand risks
quality development of
                                                          and industry           expand brand influence; promote                         While creating financial                               3.Optimize port          Continuously optimize port
the port, shipping, and
                                                          collaboration          university-enterprise linkages to                       returns, create value                                  operations in service    operation processes to improve
transportation industry
                                                          opportunities          cultivate talent; deepen industry         Social        for society and the                                    of national strategies   operational efficiency; strengthen
by actively carrying out    √        √
industry cooperation,
                                                          enterprise             breakthroughs; participate in                           other business                                         efficiency to promote    promote regional connectivity;           Social
sharing resources,                                                                                                                                                   √         √           √
                                                          linkage and            standard setting to enhance                             activities to achieve                                  regional connectivity    accelerate the application of         Responsibility
technology, and
                                                          talent cultivation     industry voice.                                         corporate social                                       5.Ensure global          smart port technologies to drive
market information.
                                                          opportunities                                                                  responsibility and                                     supply chain stability   transformation; enhance supply
                                                          setting and voice                                                              development.                                           responsibility           global logistics stability.
                                                          enhancement                                                                                                                           6.Lead industry
                                                          opportunities                                                                                                                         transformation
                                                                                                                                                                                                through smart port
                                                                                                                                                                                                construction
NINGBO ZHOUSHAN PORT                                            Corporate              Environmental                 Social              Service                   Future                                                                  2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                           Appendix
COMPANY LIMITED                                                Governance               Performance               Responsibility         Quality                   Outlook                                                                        GOVERNANCE (ESG) REPORT
                               Scope of Impact                                                                                                                     Scope of Impact
                                                            Risk and                                               Corresponding                                                                Risk and                                                    Corresponding
      Topic Objective     Value   Company    Social                           Risk and Opportunity Response                           Topic Objective         Value   Company    Social                             Risk and Opportunity Response
                                                          Opportunity                                                 Chapter                                                                 Opportunity                                                      Chapter
                          Chain Operations Impact                                                                                                             Chain Operations Impact
                                                          Governance                                                                                                                       Risk Compliance
                                                      Corporate Governance                                                                                                               1.Policy and             Improve the risk compliance
                                                       regulatory risks                                                            collaborative operation                                2.Legal and litigation   division of responsibilities; fully
                                                       market risks                                                                risk, and internal                                     3.Opportunities          Officer system to strengthen
                                                       brand risks                                                                 a comprehensive                                        compliance               of defense" coordination mechanism         Corporate
                                                                                                                                                               √         √
Continuously improve                                   4.Organizational                                                            compliance                                             management               to enhance prevention and control         Governance
corporate transparency                                 and talent risks      Continuously standardize the rules                    management system,                                     systems                  effectiveness; strengthen compliance
by establishing and                                    5.Opportunities       of procedure of shareholders'                         and systematically                                     4.Opportunities to       risk identification and early warning
maintaining good                                       to standardize        meetings and the board of                             identify, assess, and                                  enhance proactive        for proactive management; improve
management and                                         shareholders'         directors; strengthen information       Corporate     respond to various                                     compliance               legal and policy risk response
                           √        √             √                                                                                risks faced.                                           risk prevention          mechanisms to ensure compliant
supervision structures,                                meeting and board     disclosure to improve governance       Governance
including board                                        operations            transparency; improve shareholder                                                                            capabilities             operations.
structure, shareholder                                 6.Opportunities to    rights protection mechanisms to                                                                                Business Ethics
rights protection, and                                 enhance corporate     enhance investor confidence.                                                                                 1.Legal and litigation
ethics guidelines.                                     transparency                                                                                                                       risks                    Improve the operation mechanism
                                                       and credibility                                                             Ensure that all business                               2.Reputation and         of the Discipline Inspection
                                                       to improve                                                                  social expectations                                    3.Opportunities to       oversight; improve the internal
                                                       shareholder                                                                 and legal requirements                                 improve internal         anti-corruption review system and
                                                       rights protection                                                           by strictly adhering to                                anti-corruption          increase enforcement; strengthen
                                                       mechanisms                                                                  ethical standards and                                  review mechanisms        anti-monopoly compliance                   Corporate
                                                                                                                                                               √         √           √
                                                       Shareholder Rights                                                         laws and regulations,                                  4.Opportunities          training and risk assessment;             Governance
                                                       market risks                                                                customers, employees,                                  monopoly compliance      ethics awareness campaigns;
                                                       brand risks                                                                 fulfill responsibilities                               5.Opportunities          corporate culture to foster a sound
                                                       to strengthen                                                                                                                      wide business ethics     operations.
Ensure fair shareholder                                minority               Improve minority shareholder                                                                                awareness
participation                                          shareholder           participation mechanisms to                                                                             Investor Relations Management
in corporate                                           protection            ensure fair rights; continuously                                                                             1.Financial and
governance and                                         4.Opportunities       optimize equity structure to                                                                                 market risks
enhance shareholder                                    to optimize           enhance governance effectiveness;       Corporate                                                            2.Reputation and
                           √        √             √                                                                                Establish trust                                                                 Establish diversified investor
confidence and                                         ownership             formulate reasonable profit            Governance                                                            brand risks
                                                                                                                                   relationships with                                                              communication channels
maintain company                                       structure             distribution policies to increase                                                                            3.Opportunities
                                                                                                                                   investors, attract and                                                          combining online and offline
stability by balancing                                 5.Opportunities       shareholder returns; strengthen                                                                              to build multi-
                                                                                                                                   retain investors that                                                           methods; strengthen information
and protecting                                         to improve profit     investor communication to                                                                                    level investor
                                                                                                                                   match the Company's                                                             disclosure management to
shareholder interests.                                 distribution          enhance shareholder trust.                                                                                   communication
                                                                                                                                   strategy, and achieve                                                           ensure timeliness, accuracy, and           Corporate
                                                       policies                                                                                                √         √           √    mechanisms
                                                                                                                                   a win-win situation                                                             transparency; regularly hold              Governance
                                                                                                                                   between the Company                                                             investor exchange activities
                                                       to enhance                                                                                                                         enhance timeliness
                                                                                                                                   and investors by                                                                to enhance interaction and
                                                       shareholder                                                                                                                        and transparency
                                                                                                                                   strengthening                                                                   mutual trust; improve investor
                                                       confidence and                                                                                                                     of information
                                                                                                                                   measures such as                                                                feedback mechanisms for win-win
                                                       company stability                                                                                                                  disclosure
                                                                                                                                   information disclosure.                                                         development.
                                                                                                                                                                                          deepen investor
                                                                                                                                                                                          trust relationships
NINGBO ZHOUSHAN PORT                                           Corporate               Environmental                  Social           Service                  Future                                                2025 ENVIRONMENTAL, SOCIAL AND
                                        Preface                                                                                                                                        Appendix
COMPANY LIMITED                                               Governance                Performance                Responsibility      Quality                  Outlook                                                      GOVERNANCE (ESG) REPORT
                               Scope of Impact
                                                           Risk and                                                 Corresponding
                                                                                                                                    Annual ESG Performance Data
      Topic Objective     Value   Company    Social                           Risk and Opportunity Response
                                                         Opportunity                                                   Chapter
                          Chain Operations Impact                                                                                   Governance Data
                                                      Tax Transparency
                                                      regulatory risks
                                                      brand risks            Closely monitor changes in
                                                      to enhance tax         adjustments; strictly implement
Ensure tax compliance                                 compliance and         financial revenue/expenditure
                                                                                                                                                                                                  RMB 100
and transparency by                                   transparency           reviews to regulate fund                                                   Total tax payment                                     17.22      17.80           21.64
                                                                                                                                                                                                   million
strictly complying with                               4.Opportunities to     management; improve tax filing
                                                                                                                      Corporate
national tax policies               √             √   improve financial      processes to enhance transparency
                                                                                                                     Governance             Number of shareholders' meetings held                   times      3           4               3
and transparent                                       revenue/expenditure    and compliance; strengthen
tax declaration and                                   review mechanisms      capital flow reviews to prevent
payment procedures.                                   5.Opportunities to     tax risks; conduct regular tax                               Number of Board of Directors meetings held                times      7          11               9
                                                      enhance capital flow   self-assessments and training to
                                                      review rigor           raise company-wide compliance
                                                      to strengthen tax
                                                      risk prevention                                                                            Number of independent directors                   persons     6           6               6
                                                      capabilities
                                                       ESG Governance
                                                                                                                                                    Number of female directors                     persons     0           1               1
                                                      regulatory risks
                                                      brand risks
Further improve                                       3.Organizational       Fully integrate ESG development
                                                                                                                                      Number of Compensation and Assessment Committee
and perfect the                                       and talent risks       concepts into all corporate                                                                                            times      1           1               1
                                                                                                                                                         meetings
corporate governance                                  4.Opportunities        systems and processes; build
mechanism by                                          to improve ESG         an ESG governance structure
                                                                                                                                          Number of Nomination Committee meetings                   times      5           6               4
integrating ESG                                       organizational         with clear responsibilities and
                                                                                                                      Corporate
development concepts       √        √             √   governance             efficient operation; strengthen
                                                                                                                     Governance
into various systems                                  structure              standardized management of                                     Number of Strategy Committee meetings                   times      1           2               1
and processes of                                      5.Opportunities to     ESG work to achieve normalized
corporate governance,                                 standardize and        operation; improve the hierarchical
                                                                                                                                              Number of ESG Committee meetings                      times      0           0               1
promoting sustainable                                 institutionalize ESG   ESG management system with
development.                                          work                   clear division of duties.
                                                      build normalized
                                                      ESG operation
                                                      mechanisms                                                                         On-site working days for independent directors             days        /        ≥ 15            ≥ 15
                                                                                                                                                   Number of Party Committees                       units      26         24              24
                                                                                                                                                 Number of General Party branches                   units      26         24              19
                                                                                                                                                    Number of Party branches                        units     231         209             212
NINGBO ZHOUSHAN PORT                                                Corporate          Environmental              Social                 Service                      Future                                                              2025 ENVIRONMENTAL, SOCIAL AND
                                           Preface                                                                                                                                          Appendix
COMPANY LIMITED                                                    Governance           Performance            Responsibility            Quality                      Outlook                                                                    GOVERNANCE (ESG) REPORT
                                                                                                                                Environmental Data
                           Indicators                                   Unit         2023              2024          2025
                                                                                                                                                   Indicators                                   Unit                        2023              2024              2025
                   Number of Party members                            persons        4,947             4,792         4,987
                                                                                                                                                                                        Environmental Management
                                                                      RMB 100
                   Cash dividend distributed                                         16.93             17.70         21.01
                                                                       million                                                       Environmental protection investment
                                                                                                                                                                                             RMB 10,000                     51,060            52,410           36,060
                                                                                                                                                  amount
                                                           Risk Compliance
                                                                                                                                       Number of units passed ISO 14001
                                                                                                                                      Environmental Management System                            units                        10                12                14
 Number of units passed ISO 37301 Compliance Management
                                                                        units         10                23             23                       Certification
                    System Certification
                                                                                                                                    Number of units passed ISO 50001 Energy
  Legal review rate of economic contracts, major decisions,                                                                                                                                      units                         /                 /                11
                                                                         %            100              100            100             Management System Certification
                    and rules/regulations
                                                                                                                                                                                            Energy Consumption
      Number of units established internal control standard
                                                                        units         39                41             48
                             system                                                                                                                                                             Direct Energy
                                                             Business Ethics                                                                        Gasoline                                     tons                        1,153            1,398             1,397
                                                                                                                                                      Diesel                                     tons                       84,820            90,290           88,267
      Number of units setting up integrity operation posts              units         139              132            113                                                                           3
                                                                                                                                                   Natural gas                                    m                        375,663           339,328           462,210
          Themed education and training on integrity                   times         1,469             1,566         1,376                    Liquefied natural gas                              tons                         986              967               807
                                                                                                                                                     Fuel oil                                    tons                      135,509           160,853           185,340
            Total duration of anti-corruption training                 hours         25,066        26,280            26,857
                                                                                                                                                                                               Indirect Energy
          Total person-times of anti-corruption training            person-times     38,393        43,230            45,066                    Purchased steam                                    GJ                          424              460              3,073
                                                                                                                                              Purchased electricity                              kWh                     784,716,417       820,791,600       827,002,945
        Number of corruption lawsuits filed and reviewed               cases           0                2              6
                                                                                                                                      Of which: wind power consumption                           kWh                           /                 /           58,000,000
                                                     Investor Relations Management                                                     ????Solar power consumption                               kWh                           /                 /           25,000,000
                                                                                                                                        Renewable energy consumption                             kWh                           /                 /           83,000,000
             Number of announcements disclosed                         copies         66                61             57
                                                                                                                                         Renewable energy proportion                              %                            /                 /                2
        Number of voluntary announcements disclosed                    copies         12                12             12             Comprehensive energy consumption                  tons of standard coal              416,292           466,547           499,169
                                                                                                                                                                                    tons of standard coal / RMB 1
                                                                                                                                        Comprehensive energy intensity                                                       16.01            16.25             16.09
         Number of performance briefing meetings held                 sessions         3                4              3                                                                   million revenue
                                                                                                                                                                                                 Exhaust Gas
 Number of questions replied on SSE E-Interaction platform             items          36                16             10
                                                                                                                                              Nitrogen oxides (NOx)                              tons                       11,011            13,024           15,867
                                                           ESG Governance                                                                      Sulfur oxides (SOx)                               tons                        3,661            4,345             4,888
                                                                                                                                             Particulate matter (PM)                             tons                        7,000            7,378             7,140
          Number of ESG leading group meetings held                    times           0                2              1
                                                                                                                                            Total exhaust emissions                              tons                          /                 /             23,487
          Number of ESG working group meetings held                    times           0                1              1
                                                                                                                                     he increase in purchased steam consumption during the reporting period was primarily due to increased usage for air conditioning
                                                                                                                                    T
                                                                                                                                    and heating in the building of Port Service Company, as well as additional insulation requirements for chemical storage tanks at Jiaxing
                                                                                                                                    Port.
NINGBO ZHOUSHAN PORT                                                     Corporate             Environmental                  Social                  Service                   Future                                                             2025 ENVIRONMENTAL, SOCIAL AND
                                             Preface                                                                                                                                                      Appendix
COMPANY LIMITED                                                         Governance              Performance                Responsibility             Quality                   Outlook                                                                   GOVERNANCE (ESG) REPORT
                                                                                                                                                  Social Data
                 Indicators                                     Unit                          2023              2024              2025
         Exhaust emission intensity               tons per RMB 1 million revenue                /                  /               0.76
                                                                                                                                                                            Indicators                                      Unit          2023          2024           2025
                                                                 Wastewater
      Chemical oxygen demand (COD)                               tons                         18.98             10.58              22.94                                                                    Innovation-Driven
           Total phosphorus (TP)                                 tons                         0.69               1.54              0.91             R&D investment in scientific and technological innovation            RMB 10,000      25,913         40,259        38,983
             Total nitrogen (TN)                                 tons                         0.15               0.23              1.34                          Total number of R&D employees                             persons        749            987           1,062
        Ammonia nitrogen (NH3-N)                                 tons                         2.39               0.36              1.11                    Number of Female in R&D, technical depts.                       persons          /             /            106
    Biochemical oxygen demand (BOD)                              tons                           /                  /               0.27
                                                                                                                                                                   Proportion of R&D personnel                                %           4.25           5.74          5.93
      Industrial wastewater discharge                            tons                           /                  /             568,776
                                                                                                                                                                   Total number of valid patents                           pieces         625            851           1,082
      Domestic wastewater discharge                              tons                           /                  /            1,231,923
                                                                                                                                                                  Number of software copyrights                            pieces         228            289           376
        Total wastewater discharge                               tons                      1,596,494          1,665,348         1,800,700
                                                                                                                                                                                                           Safety Management
      Wastewater discharge intensity              tons per RMB 1 million revenue              61.42             58.02              58.05
                                                                                                                                                             Safety production investment amount                         RMB 10,000      24,884         24,854        25,463
                                                                    Waste
                                                                                                                                                   Investment in employment injury insurance and work safety
                                                              Hazardous Waste                                                                                                                                            RMB 10,000       3,062         3,041          3,002
                                                                                                                                                                      liability insurance
      Total hazardous waste emissions                            tons                         1,436             1,393              1,747
                                                                                                                                                                                                    Safety Supervision and Inspection
    Hazardous waste emission intensity            tons per RMB 1 million revenue              0.06               0.05              0.06
                                                                                                                                                                 Number of inspections conducted                            times         302            395           473
                                                               General Waste
                                                                                                                                                                   Rectification completion rate                              %           100            100           100
       Total general waste emissions                             tons                        26,629            25,174             21,308
                                                                                                                                                                                                    Safety Hidden Danger Investigation
      General waste emission intensity            tons per RMB 1 million revenue              1.02               0.88              0.69
                                                              Water Resources                                                                                   Number of investigations conducted                          times        14,842         30,137        17,988
             Fresh water intake                                  tons                      4,852,376          7,173,737         8,424,101                           Investigation coverage rate                               %           100            100           100
           Recycled water usage                                  tons                      2,548,723          6,399,250         7,132,256                                                               Safety Drills and Training
      Recycled water usage proportion                             %                           34.44             47.15              45.85                                    Safety drills                                 sessions        1,036         6,952          5,095
         Total water resource usage                              tons                      7,401,099         13,572,987         15,556,357                      Total person-times of safety training                   person-times     207,608       238,127       241,289
       Water resource usage intensity             tons per RMB 1 million revenue             284.73            472.89             501.49
                                                                                                                                                                   Total safety training duration                           hours        431,643       504,347       404,733
                                                             Greenhouse Gases
                                                                                                                                                                                                           Occupational health
      Scope 12: direct GHG emissions             tons of carbon dioxide equivalent          702,968            631,968           849,475
                                                                                                                                                    Number of entities passed ISO 45001:2018 Occupational
                                                                                                                                                                                                                            units           /             /              4
      Scope 23: indirect GHG emissions           tons of carbon dioxide equivalent          447,571            538,843           383,723             Health and Safety Management System certification
            Total GHG emissions                  tons of carbon dioxide equivalent         1,150,538          1,170,811         1,233,198          Coverage rate of employee safety responsibility assessment                 %           100            100           100
                                                tons of carbon dioxide equivalent /
          GHG emission intensity                                                              44.3              40.79             39.75              Coverage rate of employee labor protection equipment
                                                      RMB 1 million revenue                                                                                                                                                   %           100            100           100
                                                                                                                                                                          distribution
                                                                                                                                                       Coverage rate of pre-employment health check-ups                       %           100            100           100
   cope 1: Our direct GHG emissions primarily stem from fossil fuels consumed by vessels, vehicles, and machinery. The CO2 emission factors
  S
                                                                                                                                                      Annual health check-up coverage rate for incumbent
  for fossil fuels adopt the calculation factors issued by the local government or authoritative institutions where the operations are located.                                                                               %           100            100           100
  Scope 2: Our GHG emissions primarily stem from indirect GHG emissions generated by purchased electricity. The CO2 emission factors for
   electricity adopt the calculation factors issued by the local government or authoritative institutions where the operations are located.
NINGBO ZHOUSHAN PORT                                                Corporate       Environmental               Social        Service                Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                            Appendix
COMPANY LIMITED                                                    Governance        Performance             Responsibility   Quality                Outlook                                                              GOVERNANCE (ESG) REPORT
                           Indicators                                      Unit      2023           2024            2025                         Indicators                                       Unit    2023          2024           2025
       Basic medical insurance coverage rate for employees                    %       100            100             100                           Female                                       persons   3,108         2,906          3,028
               Occupational disease incidence rate                            %        0              0               0                                                              By Age
                 Number of work-related deaths                            persons      3              1               1                     30 years old and below                              persons   3,416         3,365          3,241
          Number of lost work days due to work injuries                    days      9,972          1,769           5,955                       31-50 years old                                 persons   11,607        11,158        11,851
                                                      Supply Chain Management                                                                  Over 50 years old                                persons   2,612         2,677          2,809
                                                        Equal Treatment of SMEs                                                                                                    By Job Level
      Amount of overdue payments at end of reporting period            RMB 10,000      /              /               0                         Management                                      persons    221           240           260
                    Total number of suppliers                              units     13,036         12,463          9,395                            Staff                                      persons   17,414        16,960        17,641
                                                         Supplier Distribution                                                                                                      By Region
           Mainland China, HK, Macau, Taiwan regions                       units     12,848         12,253          9,136               China (incl. HK, Macau, Taiwan)                         persons   17,634        17,197        17,898
                    Other countries or regions                             units      188            210             259                 Other countries and regions                            persons     1             3              3
  Proportion of procurement expenditure to local (Zhejiang                                                                                                                 By Educational Structure
                                                                              %        66            59              54
                     province) suppliers
                                                                                                                                                Postgraduate                                    persons    883          1,062          1,251
                 Total number of tier-1 suppliers                          units       /              /             9,378
                                                                                                                                         University bachelor's degree                           persons   6,448         6,782          7,315
               Total number of tier-1 key suppliers                        units       /              /              382
                                                                                                                                                Junior college                                  persons   4,420         4,057          4,145
 Percentage of tier-1 key supplier expenditure relative to total
                                                                              %        /              /             83.81
                          expenditure                                                                                         Technical secondary school, high school and below                 persons   5,884         5,299          5,190
             Total number of non-tier-1 key suppliers                      units       /              /             9,001                                                      New Employees
                                                          Employee Overview                                                             Total number of new employees                           persons    482           393           570
                   Total number of employees                              persons    17,635         17,200         17,901                                                           By Gender
                                                         By Employment Type                                                                          Male                                       persons    365           280           400
                            Full-time                                     persons    17,635         17,200         17,901                          Female                                       persons    117           113           170
                            Part-time                                     persons      0              0               0                                                              By Age
                                                           By Contract Type                                                                 30 years old and below                              persons    415           332           356
                      Open-ended contract                                 persons    10,768         11,228         12,372                       31-50 years old                                 persons    67             53           186
                       Fixed-term contract                                persons    6,867          5,972           5,529                     Over 50 years old                                 persons     0             8             28
                    No labor contract signed                              persons      0              0               0                                                     Employee Recruitment
                                                              By Gender                                                        Number of vacancies filled by internal candidates                persons     /             /             38
                              Male                                        persons    14,527         14,294         14,873
NINGBO ZHOUSHAN PORT                                                   Corporate         Environmental              Social                Service                 Future                                                   2025 ENVIRONMENTAL, SOCIAL AND
                                              Preface                                                                                                                                    Appendix
COMPANY LIMITED                                                       Governance          Performance            Responsibility           Quality                 Outlook                                                         GOVERNANCE (ESG) REPORT
                             Indicators                                         Unit      2023           2024           2025                                  Indicators                                 Unit     2023          2024           2025
         Percentage of vacancies filled by internal candidates                   %           /              /             58                                     Staff                                     %        /             /            0.95
                      Total number of vacancies                               persons        /              /             66                Proportion of employees paying social security                 %       100           100           100
                        Total recruitment cost                                  RMB          /              /          304,823                                                            Employee Diversity
                      Average recruitment cost                          RMB per person       /              /            535                        Number of locally employed staff                    persons   11,488        11,687        12,596
                                                          Employee Turnover4                                                                    Number of employees with disabilities                   persons    16             20            29
                Total number of turnover employees                            persons      520            409            175                    Number of ethnic minority employees                     persons    95            174           178
                                                                  By Gender                                                                 Proportion of local staff in senior management                 %       86             86            86
                                 Male                                         persons      420            332            148                   Proportion of local staff in management                     %       96             90            90
                               Female                                         persons      100             77             27                Proportion of Female in management positions                   %        7             7              9
                                                                   By Age                                                                 Number of Female in junior management positions               persons     /             /             21
                          Over 50 years old                                   persons      190            132             19           Number of Female in management positions in business,
                                                                                                                                                                                                        persons     /             /              4
                                                                                                                                                          commerce, etc.
                                                                 By Job Level
                                                                                                                                          Total number of management positions in business,
                                                                                                                                                                                                        persons     /             /            103
                       Management employees                                   persons        /              /             7                                commerce, etc.
                                 Staff                                        persons        /              /            168                                                            Employee Compensation
                                                                                                                                       Average employee salary: senior management (base salary
                       Employee turnover rate                                    %         2.95           2.38           0.98                                                                             RMB       /             /          309,629
                                                                                                                                                                 only)
                                                                  By Gender
                                                                                                                                      Average employee salary: senior management (base salary +
                                                                                                                                                                                                          RMB       /             /          1,064,153
                                                                                                                                                                bonus)
                                 Male                                            %         2.89           2.32           1.00
                                                                                                                                       Average male employee salary: management (base salary
                               Female                                            %         3.22           2.65           0.89                                                                             RMB       /             /          253,517
                                                                                                                                                               only)
                                                                   By Age                                                             Average female employee salary: management (base salary
                                                                                                                                                                                                          RMB       /             /          247,167
                                                                                                                                                               only)
                                                                                                                                      Average male employee salary: management (base salary +
                                                                                                                                                              bonus)
                          Over 50 years old                                      %         7.27           4.93           0.68         Average female employee salary: management (base salary +
                                                                                                                                                                                                          RMB       /             /          786,790
                                                                                                                                                               bonus)
                                                                 By Job Level
                                                                                                                                       Average male salary: non-management (base salary only)             RMB       /             /           44,176
                      Management employees                                       %           /              /            2.69
                                                                                                                                      Average female salary: non-management (base salary only)            RMB       /             /           45,416
     otes on statistical caliber of employee turnover data: The 2023–2024 data includes retired employees, while retired employees
    N
    are excluded from the statistics starting from 2025.
NINGBO ZHOUSHAN PORT                                            Corporate           Environmental                Social        Service                  Future                                                             2025 ENVIRONMENTAL, SOCIAL AND
                                           Preface                                                                                                                              Appendix
COMPANY LIMITED                                                Governance            Performance              Responsibility   Quality                  Outlook                                                                   GOVERNANCE (ESG) REPORT
                           Indicators                                    Unit         2023           2024            2025                           Indicators                                   Unit             2023          2024           2025
                  Average male employee salary                           RMB            /              /            47,099                                                         Employee Care
                 Average female employee salary                          RMB            /              /            46,654           Total investment in employee support                     RMB 10,000          1,171         1,132          2,398
                  Average male employee bonus                            RMB            /              /            174,135      Amount of employee supplementary insurance                   RMB 10,000           120           136           255
                 Average female employee bonus                           RMB            /              /            153,117              Visits to needy and sick employees                  person-times          767           723           1,109
                                      Performance Appraisal & Career Development Assessment                                                                                     Social Contributions
  Proportion of employees receiving performance appraisal &                                                                                    Charitable donations                           RMB 10,000           88            294           239
                                                                          %           98.40          98.56           99.32
   career development assessment during reporting period
                                                                                                                                             Hours of volunteer service                          hours            18,761        24,429        42,515
      Number of employees receiving performance appraisal &
                                                                       persons        17,353        16,953          17,779
      career development assessment during reporting period                                                                          Number of public welfare participants                      persons           3,772         5,809          8,691
                                                        Employee Training                                                        Number of beneficiaries / population reached                   persons           32,224        30,743        12,324
                Total annual training expenditure                   RMB 10,000        3,700          3,769           3,861                                                      Rural Revitalization
                 Employee training coverage rate                          %           84.95          97.80           85.69                 Rural revitalization donations                     RMB 10,000            /            43.6          220
                Total number of trained employees                      persons        14,981        16,822          15,339       Number of beneficiaries / population reached                   persons             /           1,840          1,840
                                                           By Gender                                                                                                  Information Security & Privacy Protection
                              Male                                     persons        12,409        14,003          12,716                 Information security incidents                        times              /             /              0
                             Female                                    persons        2,572          2,819           2,623           Information security emergency drills                       times              /             /              1
                                                          By Job Level                                                          Number of information security training sessions                sessions            /             /              1
                          Management                                   persons         221           238              260
                              Staff                                    persons        14,760        16,584          15,079
                 Total hours of employee training                        hours       659,925        850,174         684,968
                                                           By Gender
                              Male                                       hours       523,791        718,960         556,684
                             Female                                      hours       136,134        131,214         128,284
                                                          By Job Level
                          Management                                     hours        27,350        25,043          28,874
                              Staff                                      hours       632,575        825,131         656,094
                                                     Democratic Management
                      Employee satisfaction                               %            100           100              100
NINGBO ZHOUSHAN PORT                                     Corporate           Environmental         Social             Service                 Future                                                             2025 ENVIRONMENTAL, SOCIAL AND
                                       Preface                                                                                                                      Appendix
COMPANY LIMITED                                         Governance            Performance       Responsibility        Quality                 Outlook                                                                   GOVERNANCE (ESG) REPORT
Service Data                                                                                                     Report Standard Index
                                                                                                                                                                                                                         ESG Special Report
                    Indicators                        Unit            2023             2024          2025                                                                                                               Reference Indicators
                                                                                                                                                                                           Shanghai Stock
                                                                                                                                Chapter                         GRI Standards                                          for Central Enterprise-
                                                                                                                                                                                       Exchange Requirements
                                                  Service Quality                                                                                                                                                         Controlled Listed
                                                                                                                                                                                                                             Companies
  Average berth productivity for 400,000-ton
                                                   tons/hour         6,680.0          6,208.6       6,760.7               About This Report                       2-2、2-3
                   bulk carriers
  Maximum vessel productivity for container                                                                               Glossary of Terms
                                                   TEUs/hour         392.3             338.6         392.9
                       ships
                                                                                                                           Board Statement                       2-14、2-22
      Average mainline vessel productivity for
                                                   TEUs/hour         118.2             117.9         118.4
                    containers
                                                                                                                         Chairman's Message
      Average mainline berth productivity for
                                                   TEUs/hour         102.1             103.9         109.1
                    containers                                                                                                  About Us                     2-1、2-28、2-6、201-1
      Port throughput per meter of quay line       TEUs/year         2,457             2,736         2,994
                                                                                                                                                                   Corporate Governance
       Number of "Belt and Road" container                                                                           Focus on Strengthening the
                  shipping routes                                                                                    Leadership of Party Building
 Annual number of "Belt and Road" container                                                                           Standardized Governance
                                                    Voyages          5,600             6,000         6,389                                                2-14、2-16、2-17、2-18、2-29、        Communication, Due        G.1.1、G.1.2、G.1.3、G.3.2
                     voyages                                                                                        Consolidates Value Foundation
         Annual "Belt and Road" container                                                                         Safeguarding Business Integrity and                                                                G.2.1、G.3.3、S.4.1、G.5.1、
                                                                                                                      Mitigating Compliance Risks                                                                              G.5.2
                    throughput
                                                                                                                    Integrity and Self-Discipline in                                   Anti-commercial Bribery
                                                 Customer service                                                  Compliance with Business Ethics                                        & Anti-corruption
                                                                                                                  Fair Competition and Ethical Market
   Number of violations involving product/                                                                                                                          206-1                 Anti-unfair Competition              G.2.3
                                                                                                                               Conduct
                                                     cases             0                 0             0
         service information and labeling
                                                                                                                                                                 Environmental Performance
  Number of violations involving marketing
                                                     cases             0                 0             0                                                                                      Environmental
               and communication
                                                                                                                                                                                               Compliance
        Customer satisfaction (complainant                                                                             Pollution Prevention and           305-7、306-1、306-2、306-3、        Management, Pollutant
                                                       %              100               100           100                                                                                                               E.2.1、E.2.2、E.2.3
                 satisfaction rate)                                                                                  Environmental Improvement                       306-5                   Emission, Waste
                                                                                                                                                                                           Treatment, Circular
 Number of unresolved customer complaints            cases             0                 0             0                                                                                        Economy
                                                                                                                 Efficient Resource Utilization through
  Number of violations involving health and                                                                                                               303-1、303-2、303-3、303-4、       Resource Utilization,              E.1.1、E.1.3
                                                     cases             0                 0             0                   Lean Management
        safety impacts of products/services
                                                                                                                                                                                           Response to Climate       E.3.1、E.3.2、E.3.4、E.5.1、
                                                                                                                     Response to Climate Change           201-2、305-1、305-2、305-4
   Number of complaints due to safety and                                                                                                                                                       Change                     E.5.3、E.5.4
                                                     cases             0                 0             0
                  health reasons                                                                                     Harmonious Coexistence and
                                                                                                                    Ecological Balance Stewardship
NINGBO ZHOUSHAN PORT                                                Corporate               Environmental                Social                Service               Future                                                        2025 ENVIRONMENTAL, SOCIAL AND
                                          Preface                                                                                                                                         Appendix
COMPANY LIMITED                                                    Governance                Performance              Responsibility           Quality               Outlook                                                              GOVERNANCE (ESG) REPORT
                                                                                                                 ESG Special Report      Comments and Feedback
                                                                                                                Reference Indicators
                                                                                    Shanghai Stock
                Chapter                             GRI Standards                                              for Central Enterprise-
                                                                                Exchange Requirements
                                                                                                                  Controlled Listed      Dear Reader,
                                                                                                                     Companies
                                                                                                                                         Thank you for reading this Report! We sincerely invite your evaluation of this Report and welcome your valuable
                                                        Social Responsibility                                                            feedback, so that we may continuously improve our ESG performance and enhance our accountability and
                                                                                                                                         outcomes!
 Collective Empowerment and State-                                                Rural Revitalization,
      Owned Mission Fulfillment                                                   Social Contribution
                                                                                  Innovation-Driven, Data                                1. Selective questions (please select " √ " in the corresponding position)
                                                                                    Security & Customer
                                                                                                                                         ① Your overall impression of this report is:
                                                                                 Privacy Protection, Ethics
  Digital Intelligence Integration and
       Technological Innovation
                                                                                   (Not applicable as the
                                                                                                                                         ② What do you think of the quality of ESG information disclosed in the report?
                                                                                Company does not engage
                                                                                     in AI development)                                  □ Very Good           □ Good              □ Average          □ Below Average              □ Poor
 Solidified Responsibilities and Robust
           Safety Foundation                                                                                                             □ Very Good           □ Good              □ Average          □ Below Average              □ Poor
  Win-Win Collaboration and Supply                                               Supply Chain Security,                                  ④ What do you think of the report layout design and presentation form?
     Chain Synergistic Efficiency                                               Equal Treatment of SMEs                                  □ Very Good           □ Good              □ Average          □ Below Average              □ Poor
  People-Centered Development and                                                                             S.1.1、S.1.2、S.1.3、S.1.4、
 Harmonious Workplace Construction                                                                                      S.1.5            2. Open-ended questions
                                                          Service Quality
                                                                                                                                         ① What additional information do you think should be further disclosed in this report?
  Craftsmanship Pursuit and Service       416-1、416-2、417-1、417-2、              Product & Service Safety
                                                                                                                    S.2.1、S.2.2
          Quality Elevation                          417-3                           and Quality
 Refined Schemes and Robust Support                                             Product & Service Safety                                 ② In what aspects can the Ningbo Zhoushan Port Co., Ltd. 2025 Environmental Social and Governance (ESG) Report
                                                                                                                       S.2.2
        System Establishment                                                         and Quality                                           be improved? Please provide your valuable opinions and suggestions.
   Innovative Models and Expanded                                               Product & Service Safety
                                                                                                                       S.2.2
        Service Value Creation                                                       and Quality
                                                          Future Outlook
                                                                                                                                         ·Offline Mail Submission
 Anchoring Key Targets and Forging a
  New Blueprint for a Stronger Port
                                                                                                                                         Mailing Address: Board Office (Recipient), Ningbo Zhoushan Port Co., Ltd., Global Shipping Plaza, No. 269 Ningdong
                                                                                                                                         Road, Yinzhou District, Ningbo, Zhejiang Province
                                                                Appendix
                                                                                                                                         Postal Code: 315042
       List of Material Topics and
               Management
                                                                                                                                         ·Online Feedback
      Annual ESG Performance Data              201-1、202-2、401-1
                                                                                                                                         Email address: ird@nbport.com.cn
         Report Standard Index                                                                                                           Company website: www.nbport.com.cn
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