招港B：2025年可持续发展报告（英文版）

CMPort招商港口

China Merchants Port Group Co., Ltd.

2025 Sustainability Report

Address: 23/F-25/F, China Merchants Port Tower, 1 Gongye Road III, Zhaoshang Subdistrict, Nanshan District, Shenzhen, China

Postal Code: 518067

Company Website: www.cmp1872.com

The Report is printed on recycled paper

Email: Cmpir@cmhk.com

Tel.: +86-755-26828888

Fax:+86-755-26886666

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2025

SUSTAINABILITY REPORT

Humanistic Care and Win- win Prosperity 08 Caring for Employee Growth 83 Creating an Inclusive Workplace 83 Safeguarding Legitimate Rights and Interests 87 Strengthening Talent Development 94

Contents

Chairman's Statement 01 Definitions 03 About the Report 04 About CMPort 05 Achievements of the Year 07 Adhering to Party Leadership 10 Sustainability Management 13

Appendix

Table of Key Performance Indicators (KPIs) 135 Index of the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (Trial) 148 Index of GRI Standards 150 Supporting the United Nations Sustainable Development Goals (UN SDGs) 154 Feedback Form 156

Governance

Achieving Steady and Long-term Development with Integrity and Compliance

01 Improving Corporate Governance 21

Standardizing the Operations of the Three Governance Bodies 22 Protecting Shareholder Rights 23 Enhancing External Information Disclosure 24 Strengthening the Board of Directors 25

02 Strengthening Compliance

Management 28 Improving the Compliance System 29 Upholding Compliant Operations 31 Adhering to Business Ethics 33 Improving the Whistleblower and Supervision Mechanism 36

03 Strengthening Risk Prevention

Strengthening Risk Governance 38 Improving Risk Control Mechanisms 39 Implementing Risk Control Measures 42 Strengthening Internal Control 42

Environmental

Building Low-Carbon, Green and Environment-Friendly Ports

Enhancing the Climate Governance 46 Implementing Climate Strategy 46 Managing Climate Risks 54 Implementing Climate Targets 55 Accelerating Climate Action 55

05 Improving Environmental

Strengthening Environmental Governance 61 Deepening Environmental Protection Mechanisms 61 Strengthening Environmental Management 62 Reducing Pollution Emissions 64

06 Enhancing Resource Utilization

Strengthening Energy Efficiency Management 67 Optimizing Water Resource Management 70 Practicing Circular Economy 72

07 Strengthening Ecological

Protection 74 Strengthening Ecological Governance 74 Implementing Ecological Strategies 75 Managing Risks and Opportunities 76 Achieving Ecological Goals 77

Social

09 Ensuring Safety and

Health 101 Improving Safety Management 102 Strengthening Safety Risk Control and Management 105 Implementing Safety Objectives 110

10 Improving Service Quality 111

Optimizing Service Quality 111 Promoting Technological Innovation 114 Promoting Cooperation and Communication 118

11 Maintaining Information

Security 123

Building the Safety System 123 Prevention and Control of Safety Risks 125

12 Contributing to Social

Development 126

Participate in Community Development 126 Supporting Social Welfare and Charity 127 Response to Rural Revitalization 132

Chairman's Statement

In 2025, ESG has gradually shifted from a baseline requirement for regulatory compliance to a key factor in sustainable competitiveness, and has been upgraded from a frontier concept to a core topic leading the future of business. It demonstrates an enterprise's resilience across environmental, social, and governance dimensions, serving as an anchor for enterprises to navigate economic cycle fluctuations and earn long-term trust.

This year, we actively implemented the requirements of the new regulations, strengthened our governance structure and responsibilities, improved the top-level design and its supporting documents, and advanced the implementation and deepening of material topics such as "tackling climate change, ecosystem and biodiversity conservation, and supply chain management". Meanwhile, we strengthened ESG data governance and accelerated the upgrade of the digital management platform, making ESG practices a new engine for corporate growth and driving the Company's sustainable development forward.

Reaching New Heights: Injecting New Momentum into High-quality Development

In 2025, our container throughput has reached 206 million TEUs, a year-on-year increase of 5.6%, while bulk cargo throughput reached 1.266 billion tons, a year-on-year increase of 0.3%. CMPort's operational performance has reached new heights. Our sustainable development capabilities also reached a new level. We received an AAA rating in the Wind ESG rating, ranking first in the industry, and we were recognized as one of the "Best Practices in Sustainable Development for Listed Companies in 2025" by the China Association for Public Companies. Additionally, we have been included among the "Top 100 ESG Pioneer Listed Central Enterprises in China" and in the "Central Enterprise ESG Pioneer 100 Index". These achievements have reflected strong market recognition and reaffirmed our commitment to creating value for our shareholders and other stakeholders.

Strengthening the Foundation: Upgrading Governance to Safeguard Stable Development

CMPort adheres to the principles of integrity and compliance, continuously improving its governance capabilities. We adhere to business ethics and integrate internal and external regulatory requirements into our governance practices, continuously enhancing our governance standards through initiatives such as strengthening the Board of Directors, optimizing the organization structure, reinforcing internal collaboration, and improving governance systems. We strengthened risk management, with a focus during the year on enhancing overseas compliance risk control. We integrated ESG risks into our corporate risk management and control system, and continued to improve risk internal control mechanisms, providing a solid safeguard for sustainable development. At the same time, we adhered to high standards of information disclosure to ensure operational transparency.

Reducing Carbon Emissions and Enhancing Green Performance: Practicing Low-Carbon Actions to Strengthen the Ecological Foundation

CMPort vigorously advanced the development of green, zero-carbon ports, strengthening the momentum for green development. During the year, we optimized the energy utilization structure, accelerated the replacement of equipment with electric alternatives, promoted the application of green technologies, and strengthened port-shipping collaboration to reduce carbon emissions. In 2025, the acceptance inspection and delivery of Shunde Xingang's smart zero-carbon project featuring "wind, solar, storage, and charging" was completed, laying the foundation for building a smart zero-carbon port featuring source-end cleanliness, end-use electrification, and digitalized energy management; Shantou Port Guang'ao Port Area was rated as a Four-star China Green Port, setting a benchmark for the industry's green transformation. Meanwhile, we deepened environmental management, steadily advanced pollution prevention and control, and reduced emissions and waste, thereby protecting the ecosystems in the areas where we operate. We released our first TNFD Report, identifying and assessing our business operations' impacts on and dependencies on nature, and systematically disclosing our management strategies, targets, and measures for nature-related risks and opportunities.

Proactively Fulfilling our Responsibilities: Promoting Win-win Prosperity Through Openness and Sharing

Guided by its philosophy of "Win-win Prosperity", CMPort has actively fulfilled its corporate social responsibility. Internally, we focused on employee development, improved our talent development mechanisms, built the Mangrove Talent Habor, and broadened employees' career development pathways; meanwhile, we improved employee care and welfare protection, adhered to high-standard work safety management, and were committed to fostering a diverse, equal, inclusive, and safe working environment. Externally, we actively advanced the development of a sustainable supply chain and integrated ESG philosophy into supplier full lifecycle management. We attached importance to promoting the integrated development of the port area and surrounding communities, and promoted local employment, environmental protection, support for disadvantaged groups, children's education, and cultural integration. We continued to advance the C Blue Talent Program to promote exchanges and development among young talents. We continued to advance rural education public welfare programs to empower the growth and education of rural children. We continued to advance the Investment Promotion Silk Road Hope Village Program, effectively alleviating local poverty and empowering the development of local industries.

The ESG tide is surging forward. We will continue to act with diligence, plan for the long term, and remain steadfast in our sustainability vision of "striving for a world-leading green and smart port service provider". Focusing on innovation-driven development, safety and controllability, green and low-carbon development, and humanistic care, we will fully implement the new development philosophy, vigorously develop new quality productive forces, seize new opportunities amid challenges, open new frontiers through transformation, and work with all stakeholders to jointly build a sustainable development ecosystem for CMPort.

Definitions

About the Report

This is the 4th sustainability report released by CMPort (4 Corporate Social Responsibility Report have been issued previously). The Report aims to disclose the Company's goals, strategies, actions, and performance results in promoting sustainable development in 2025 in an objective, normative and transparent manner and to address the concerns of stakeholders.

Preparation Standards

Based on the SZSE's Self-DisciplinarySupervision Guidelines· for Listed Companies No. 17 – Sustainability Report (Trial)

Referencing the SZSE's Self-Disciplinary Supervision· Guidelines for Listed Companies No. 3 – Guidelines for Preparing Sustainability Reports

Referencing the Appendix C2 ESG ReportingCode underthe· HKEX's Main Board Listing Rules

Referencing the Researchon the Preparation ofESGSpecial· Reports for Listed Companies Controlled by Central Statereleased by the SASAC

Referencing the International Financial Reporting· Sustainability Disclosure Standard No. 1 – General Requirements for Sustainability-related Financial Disclosures (IFRS S1) and International Financial ReportingSustainability Disclosure Standard No. 2 – Climate-related Disclosures (IFRS S2)

Referencing the Global Reporting Initiative (GRI)· (GRI Standards)

Referencing the Taskforce on Nature-related Financial· Disclosures Recommendations ofthe Taskforce on Nature-(September 2023) and Guidance on the Identification and Assessment of Nature-V1.1 (October 2023)

Referencing the Sustainability Accounting Standards Board· (SASB) standards

Referencing the ESG rating standards of major mainstream· rating agencies in the capital markets.

Information Sources

The information disclosed in the Report comes from the Company's operational statistical data, internal documents, financial reports, policy statements, publicly available information from self-media, and documents provided by authoritative third-party institutions. Unless otherwise specified, all currencies in the Report are presented in RMB.

Reliability Assurance

The Report adheres to the principles of accuracy, balance, comparability, materiality, verifiability, and understandability in its disclosures, and contains no false records, misleading statements, or significant omissions. The Report was approved by the Board of Directors on 1 April 2026.

Report Access

This report is delivered separately in Simplified Chinese and English, and its electronic version has been uploaded to our website (www.cmp1872.com) and the website of SZSE for public access and download. In case of any discrepancies between the two versions, the Simplified Chinese version shal prevail.

Reporting Scope

The information disclosed in the Report includes CMPort and its subsidiaries. Unless otherwise specified, the information disclosed in the Report is consistent with the scope of the consolidated financial statements of CMPort (001872/201872. SZ). The Reporting Period covers from January 1, 2025 to December 31, 2025. To enhance the comparability and forward-looking nature of the report, some content has been extended. The Report also discloses relevant case studies from joint ventures, as means to show our continuous efforts to ESG management on domestic and overseas ports.

Contact Us

If you have any suggestions or query about the report, you can contact CMPort through the following channels: Tel.: +86-755-26828888 Email: Cmpir@cmhk.com Company Website: www.cmp1872.com Address: 23/F-25/F, China Merchants Port Tower, 1 Gongye 3rd Road, Zhaoshang Subdistrict, Nanshan District, Shenzhen, China

About CMPort

Company Overview

CMPort is the core enterprise of the transportation and logistics sector under CMG and an important implementation entity for the Group's goal of building a "world-leading enterprise". The Company currently operates and invests in 51 ports across 26 countries and regions globally. It plays an active role in facilitating the smooth operation of both international and domestic logistics supply chains, and is moving toward becoming a "World-leading Port Service Provider". In 2025, our operating performance reached a new record high, with container throughput reaching 206 million TEUs, a year-on-year increase of 5.6%, and a total bulk cargo throughput of 1.266 billion tons, representing a year-on-year increase of 0.3%.

Looking back on the 14th Five-Year Plan period, CMPort remained focused on the goal of becoming a world-leading port service provider, unswervingly advanced the three major drivers of Global Presence, Lean Management, and Innovative Transformation, balanced development and safety, and deepened reform and innovation. All key tasks progressed steadily, operating performance repeatedly reached record highs, and the scale of our core businesses reached a new level. Total container throughput surged from 122 million TEUs to over 206 million TEUs, with a compound annual growth rate of 11.1%. The bulk cargo throughput increased from 454 million tons to over 1.266 billion tons, with a compound annual growth rate of 22.8%. The Company has significantly enhanced resource aggregation and hub capabilities, with global competitiveness rising continuously, securing its position among the top-tier global public terminal operators

Board Members

Achievements of the Year

In 2025, CMPort set its sights on high-quality development, tackled challenges head-on, made steady progress, and achieved fruitful results. In accordance with the latest regulatory requirements and industry development trends, and in light of feedback and recommendations from stakeholders, CMPort continued to advance the integration of ESG into day-to-day operations and management, implemented the deepening of the ESG management system, further promoting the Company's sustainable development. The key ESG achievements for the year are as follows:

Complying with the New Regulations and Promoting the Deepening of Topic Management

CMPort, in accordance with regulatory requirements, continued to promote and deepen ESG topic management and ensure its effective implementation. Based on the 2024 assessment results and our topic management practices during the reporting year, the Company adjusted and optimized the results of the dual materiality assessment for the topics during the reporting year and produced an assessment matrix through stakeholder interviews, quantitative scoring via questionnaires, and peer benchmarking. During the reporting year, the Company added 1 overseas subsidiary enterprise to the climate scenario analysis pilot program. The pilot scope expanded to 6 subsidiary enterprises, and the climate scenario analysis methodology was continuously optimized; following extensive preliminary preparations, the Company expanded the disclosure content for Scope 3 GHG emissions during the reporting year, increasing the calculation categories to 8. The Company continued to strengthen supplier management, enhancing communication and training in areas including compliance, human rights protection, occupational health and safety, environmental protection, and business ethics. We continued to require suppliers to comply with the Supplier Code of Conduct, jointly building a sustainable industry ecosystem.

Strengthened Risk Management and Firsttime Disclosure of the TNFD Report

CMPort continuously improved its risk management capabilities. In 2025, through measures such as strengthening the governance of boards of directors of overseas enterprises and the management of the General Meeting of Shareholders, Board of Directors, and Board of Supervisors, reshaping the risk monitoring indicator system, promoting the launch of the overseas version of the legal affairs system, and promoting the establishment of dedicated internal control positions in overseas units, we advanced the development of a world-class enterprise under the rule of law. At the same time, the Company continued to move forward proactively. During the year, we initiated the identification and assessment of nature-related impact, risks and opportunities. Using the LEAP methodology, we comprehensively analysed our level of dependence on and impacts on natural capital across four stages: Locate, Evaluate, Assess, and Prepare. We also released our first TNFD report, proposed nature-related targets and metrics, and promoted an environmentally friendly development model featuring harmonious coexistence between humans and nature.

Deepened Management Integration and Implementation of the Downward Integration of ESG Management

CMPort continued to advance the integration of ESG philosophy into our daily management. In 2025, we newly prepared Sustainabilit , newly issued 2 policies, namely Stakeholder Engagement Policy Statement and Information Security , and revised 2 documents, namely Biodiversity and Zero Deforestation Policy Statement and Human . In addition, we focused on strengthening internal ESG capability building. During the year, we organized multiple ESG training sessions for the Board of Directors, Management Team, and employees. From different dimensions, we systematically communicated the key topics of climate change and biodiversity, promoted the integration of topics management into daily operations, and supported the cultivation of internal ESG talent.

Advancement of Digital and Intelligent Empowerment, and Upgrade of the ESG Digital Platform

CMPort implemented its digital and intelligent strategy and actively promoted ESG digital and intelligent empowerment. Relying on the SMP intelligent management platform, the Company developed an ESG management module. Building on its initial-year deployment, in 2025, we focused on enhancing process optimization, indicator optimization, and interface optimization to address the pain points and challenges of ESG information collection. This enabled information linkage between the ESG working team and various departments at headquarters, as well as between headquarters and subsidiaries, effectively improving ESG management efficiency and the quality of information disclosure.

Annual Performance

Total assets RMB ^205,015 Million

Net profit attributable to RMB ^4,611 Million

Port container throughput

²⁰⁶ Million TEUs

Operating income RMB^17,246 Million

Investment in energy conservation an environmental protection RMB¹³⁶ Million

Total clean energy utilization 120,190.38_MWh

Total water recycled and reused 727,008.81_Tons

Total profit RMB^10,376 Million

Port bulk cargo throughput

Total Greenhouse Gas (GHG) emission reduction from projects 44,011.26_{tCO e}

Total general solid waste recycled and used 5,000.27 _Tons

Insurance investment of employee's safety production RMB ^20.9190 Million

Technology R&D investment RMB ²¹³ Million

Charitable donations RMB ^21.5135 Million

Employee business ethics training coverage rate 100_%

8 Number of commercial bribery and corruption litigation cases ⁰ Case

Governance

Number of litigation cases and major administrative penalties arising from the ⁰ Case

Honours and Awards

In 2025, the Company's sustainable development performance was outstanding, gaining widespread recognition in the market. Our Wind ESG rating improved further, reached the next higher level, earning an AAA rating, ranking first in the transportation infrastructure industry. The S&P CSA ESG score was 55 points, an increase of 12 points year on year, higher than 87% of globa peer companies in the same industry. The Company was selected as one of the "Best Practices in Sustainable Development for Listed Companies in 2025" by the China Association for Public Companies. It also ranked on the "China Media Group · Top 100 ESG Pioneer Listed Central Enterprises in China" list. Shantou Port Guang'ao Port Area was awarded the "Four-star" China Green Port. The Company's rural education public welfare program brand was refreshed and upgraded to Harbor for Future. A tenthanniversary themed event was successfully held, and it won provincial and municipal awards. According to the latest MSCI ESG rating released in March 2026, China Merchants Port Holdings, a controlling subsidiary of the Company, achieved anothe breakthrough as its rating was upgraded from BBB to A, maintaining its leading position in the industry. The S&P CSA ESG score was 52, up 11 points year on year, higher than 83% of global peer companies in the same industry. The Hang Seng Index sustainability rating remained at A rating, and we have been included in the Hang Seng ESG 50 Index and the Hang Seng Corporate Sustainabilit Benchmark Index for two consecutive years.

CMPort was included in the "Top 100 ESG Pioneer Listed Central Enterprises in China" list by the State Council and China Media Group

CMPort Selected as One of the "2025 Green Development Cases" by the Beijing Green Investment Institute of Environmental, Social and Governance Research

CMPort Awarded the "2025 Zhiyuan Award: ESG Pioneer Enterprise" by Cailian Press

China Merchants Port Holdings MSCI ESG Rating Upgraded to A

CMPort Selected as the "Best Practice Case in Sustainable Development of Chinese Listed Companies in 2025"

by the China Association for Public Companies

CMPort Selected into the "Top 100 Chinese Listed Companies on ESG" list by Securities Times

CMPort Selected into the "2025 Top 100 Best ESG Practices of Chinese Listed Companies" by Wind

CMPort Awarded the "11th Investor Relations Award of the Hong Kong Investor Relations Association—Excellence Award"

CMPort Selected for the "2025 Value 100" list in the eDong ESG Ratings

CMPort Rural Education Public Welfare Project Selected as a Shenzhen Public Welfare and Charity Project Competition Three-Star High-Quality Project by the Shenzhen Civil Affairs Bureau

CMPort Selected into the "2025 China Top 100 ESG Enterprises" list by Sina Finance

CMPort Awarded the "ACES Awards -Industry Leader of the Year" by MORS Group

Adhering to Party Leadership

CMPort has always demonstrated a high level of political awareness and a strong sense of responsibility, resolutely implementing the requirements for strict governance over the Party, and prioritizing the Party's political development. In 2025, the Company focused on four Party-building themes: "forging the spirit through ideology, strengthening foundations, integrating Party building with business operations, and building together with one heart", continuously enhancing political leadership, organizational comba effectiveness, development driving force, and coordination among Party, government, labour union, and other mass organizations.

Forging the Spirit with Thought with Political Guidance

The Company deeply studied and implemented Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era. In 2025, we compiled and published A Documentary Record ofXi Jinping's Concern for Port Development, which was affirmed by the SASAC as unique and distinctive. It held 7 sessions of the Selected Works ofXi Jinping on Economy joint study training program, covering 148 participants, to promote the effective integration of theoretical study and practical application. The Company organized 2 batches of training for Party member leaders and cadres and newly appointed cadres, involving 89 participants, producing 29 learning outcomes, and enhancing cadres' ability to perform their duties. It compiled 8 issues of the Fanxing journal, and selected 10 micro-films that won 3 awards from CMG.

CMPort Held Party-building and Party Discipline, Integrity, and Anticorruption Work Meeting

On 24 January, CMPort held its 2025 Party-building and Party Discipline, Integrity, and Anti-corruption Work Meeting in Shenzhen. Xu Song, Party Committee Secretary and CEO, delivered a Party building work report on behalf of the Party Committee of CMPort under the title of Keep in Mindthe Instructions Connectand Linkwith One Heart and ForgeAhead , reviewing Party building work in 2024 and setting out the work arrangements for 2025. Zeng Yong, Secretary of the Commission for Discipline Inspection, delivered a report on improving Party conduct, building integrity, and anti-corruption work

Strengthening the Foundation and Enhancing Combat Effectiveness

The Company continued to optimize the organizational setup of Party organizations. In 2025, we newly established 2 Party branches and 1 Party committee, completed term renewals for 30 Party organizations, admitted 48 new Party members, handled 393 instances of Party member organizational transfer, carried out a series of training programs for full-time Party affairs cadres, organized 6 training sessions for Party branch secretaries involving 343 attendances, and selected and recognized 51 exemplary models of Outstanding Communist Party Members, Outstanding Party Affairs Workers, and Advanced Party Organizations. The Company continued to strengthen Party building management. In 2025, we developed three lists for tasks, measures, and responsibilities, implemented Party building KPIs with one policy for each enterprise, and carried out supervision and inspections of our subsidiaries through forms such as the "Three Meetings and One Lecture" and development of activity venues.

Integration of Party Building and Business Operations with Innovative Development

The Company strengthened the integration of Party building and business operations through initiatives such as organizational foundation strengthening, brand empowerment, penetrative management, synergy among mass organizations, and creating model posts and building demonstration zones. The Company continued to explore innovative practices in Party-building co-development and business synergy. In 2025, China Merchants Port (South China) Bulk Cargo Management Center successfully held a fertilizer business exchange symposium themed Party Building Leadership to Build Synergy, Cooperation and Win-Win to Create the Future, jointly exploring a new paradigm for the dual integration of Party building + business.

Working Together with One Heart and Collaborating as a Team

The Company deepened the "Tongxin Tonglian" Party building brand, promoted grassroots distinctive working methods, advanced the guidelines for "Creating Model Posts and Building Demonstration Zones", optimized the setup of Party member responsibility zones and exemplary posts, and formed Party member task forces for tackling key challenges. The Company actively fulfilled the social responsibilities of central state-owned enterprises stationed in Hong Kong. In 2025, we organized a visit to the Chinese mainland for all Hong Kong employees and carried out the series of activities under the theme of CMPort Happiness Community, supporting good governance in Hong Kong. The Company also carried out a youth mental well-being enhancement initiative, developed a youth innovation action plan, and improved the mechanism of Party building guiding Youth League building.

Inspection and Supervision to enforce Strict Party Self-governance

Aligning with the Company's life cycle for targeted inspection tours, we completed routine inspection tours of Zhangzhou Port, conducted comprehensive supervisory inspections of CMCS and TCP, and continued to promote political supervision to expand in depth and strengthen specialization. We adopted a penetrating supervision model combining online and offline approaches and integrating milestone-based and regular oversight, to precisely address issues related to the Four Forms of Malfeasance, and organized special inspections on official vehicle management, commemorative gifts, and business hospitality. In 2025, the Company convened a warning education meeting on study and education to thoroughl implementing the guiding principles of the Central Eight-point Decision, organized the fifth Discipline Inspection and Supervision, and Inspection Cadres Business Training Course, and arranged Party members and cadres to visit Shenzhen Bao'an Court and Shenzhen Prison to carry out on-site warning education activities

CMPort Party Committee Convened 2025 Inspection Mobilization and Deployment Conference

On 18 March, CMPort Party Committee convened the 2025 Inspection Mobilization and Deployment Conference. The meeting thoroughly studied and implemented Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, comprehensively implemented the guiding principles of the 20th CPC National Congress, the Second and Third Plenary Sessions of the 20th CPC Central Committee, and the Fourth Plenary Session of the 20th CPC Central Commission for Discipline Inspection. The conference mobilized and deployed the inspection work for the year. Xu Song, Secretary of the Party Committee, CEO, and Head of the Party Committee Inspection Work Leading Group, attended the meeting and delivered a speech.

CMPort Convened a Warning Education Meeting on Study and Education to thoroughly Implementing the Guiding Principles of the Central Eight-point Decision

On 14 July, CMPort convened a warning education meeting on study and education to thoroughly implementing the guiding principles of the Central Eight-point Decision on Improving Party and Government Conduct. The Party Committee Secretary and CEO, Xu Song, chaired the meeting and conducted a collective supervisory talk on Part conduct, clean governance, and anti-corruption work. The meeting communicated the relevant guiding principles on the study and education on thoroughly implementing the Central Government's Eight-point Decision on Improving Party and Government Conduct from higher-level authorities and reported on serious cases of discipline violations and law violations within CMG. Nearly 700 people attended the meeting, including members of the Company's leadership team, the Company's Senior Management, Party members and cadres at all levels, young cadres, newly promoted cadres, an personnel in key positions.

Scope of Work

Sustainability Management

As an old Chinese saying goes, "A just cause should be pursued for the common good". Sustainable development is a common choice for building a community with a shared future for humankind. CMPort is always committed to sustainable development, and focus on "promoting innovative development, ensuring safety and reliability, advancing green low-carbon growth, and strengthening human care". The Company continually enhances efforts in service quality, brand reputation, technologica innovation, and scientific governance, while contributing to sustainable development in economic, environmental, and socia aspects through business activities and management practices

ESG Strategy

The Company consistently adheres to the vision of "striving for a world-leading green and smart port service provider", clearly defining its sustainable development mission and short, medium, and longterm development goals. The Company has established a regular ESG management mechanism and developed the CMPort ESG strategy.

Sustainability vision

Sustainability mission

Strive for a world-leading green and intelligen port service provider.

Become a leader in the port industry and a• facilitator of sustainable development advocating green and low-carbon development, safety and reliability, innovative development and humanistic care.

Continuously create positive economic, socia• and environmental values for stakeholders and communities in the regions where we operate.

Build a sustainable ecosystem together with peers• along the supply chains.

Green and low-carbon development

ESG Management

To further advance sustainable development, the Company, in alignment with the 14th Five-Year Plan and the ESG strategy, continues to improve the ESG system and push for the implementation of key annual ESG work. In 2025, the Company benchmarked itself against industry-leading peers, referenced capital market ratings, and, in combination with industry development trends, identified and assessed weak links in ESG management. It developed an action plan for management improvement, and additionally prepared the Sustainability Work Guidelines for to promote the implementation of management decentralization by all headquarters departments and subsidiaries.

ESG Governance Structure

A clear, well-defined ESG organization structure is a key organizational guarantee for achieving the Company's ESG development goals. The Company has established a three-level ESG organization structure consisting of the Decision-making Level, Management Team, and Execution Level, with defined roles and responsibilities for each level to ensure unified leadership, decision-making, and implementation of ESG activities.

Identify ESG development trends and understand, analyse, and grasp domestic and international industr• status and sustainable development-related policies, as well as have a comprehensive understanding of the Company's operational situation;

Guide the Strategy and Sustainability Committee in developing sustainability policies, goals, strategies,• policy statements, and related management systems;

The Board of Directors Supervise the assessment of the Company's sustainability-related impact, risks and opportunities (including• but not limited to topics such as climate change response, business ethics, occupational health and safety, sustainable supply chain, biodiversity conservation, and information security and privacy protection), incorporating these into the Company's development strategy, business strategies, major transaction decisions, and risk management considerations;

Review the Company's list of material topics and annual sustainability report•

The Board is debriefed on important ESG issues and work progress by the Strategy and Sustainability• Committee on a regular basis to ensure that the Company implements its sustainability strategy and to continually promote the achievement of ESG goals.

Lead the Company's sustainability efforts and be debriefed on important ESG topics and work progress by the Strategy and Sustainability Committee on a regular basis.

Supervise, review, make decisions, and provide guidance on the Company's ESG strategy, goals, and action• plans;

Develop external ESG policy statements and related management systems for the Company;•

Review the annual sustainability-related impact, risks and opportunities, and report significant impact,• risks and opportunities to the Board;

Ensure that the work of other committees is consistent with the basic principles of ESG governance and• aligns with the Company's ESG development strategy;

Serve as the guiding and decision-making body for ESG work, with annual reports to the Board. The meeting is held once a year.

Organize and steer the development of ESG strategy and drive its implementation•

Provide guidance on the management and practices of ESG core topics, including climate change response,• business ethics, occupational health and safety, sustainable supply chain, biodiversity protection, and information security and privacy protection;

Examine key ESG trends and identify, assess, and summarize sustainability-related impact, risks and• opportunities;

Assess ESG compliance of business and architectural models;• · Assess ESG compliance of business and architectural models:

Launch external dissemination and communication on ESG development, and control the quality and• continuity of information disclosure.

The ESG Working Team serves as the body for the execution. Its responsibilities are to define the ESG-• related management responsibilities, formulate ESG management goals and plans, and promote the implementation of the Company's ESG projects;

All departments and subsidiaries are responsible for supporting the discharging of the ESG work• responsibilities and ensuring the integration of ESG topics in businesses.

Serve as the main body for organizing and overseeing ESG work, holding 2 meetings annually to be debriefed on the ESG results and work planning by all departments concerned.

Report on and submit to the ESG Leadership Team the ESG work related statistics, project progress, and difficulties of ESG practices. Each department shall share ESG work experience in the course of day to day operation and achieve cross departmental cooperation.

ESG Risks and Opportunities

Non-financial risk, represented by ESG risks, has gradually become a significant long-term risk that enterprises can no longer ignore. The Company's Risk Management Department/Legal and Compliance Department is responsible for coordinating and providing guidance to all departments at headquarters and subordinate enterprises in conducting self-assessments and identification of ESG risks and opportunities, and, in conjunction with feedback, evaluating the materiality and effectiveness of the identification of risks and opportunities, ultimately forming a risk list, integrating it into the risk management system, and carrying out ongoing monitoring. All departments of the headquarters and subsidiary should, based on the results of the ESG risk and opportunity identification, take relevant risk prevention and mitigation measures to advance the Company's steady development.

In 2025, the Company incorporated ESG risks into its annual Top 10 Risk Assessment, requiring all departments of the headquarters and subsidiaries to proactively carry out sustainability-related risk identification or due diligence in light of their respective business characteristics, and to identify and fully assess sustainability risks and opportunities that may have a material impact in the short, medium, or long term on the Company's business model, business operations, development strategy, financial position, operating results, cash flows, and financing methods and costs

ESG Policy Statements

The Company has newly formulated the Stakeholder Engagement Policy and the Information Security and Privacy Protection , and has revised and improved ESG-related documents including the and the Human Rights Policy Commitments. These revisions were approved by the Board of Directors and publicly released, further supplementing and improving the ESG policy statement system.

ESG Topic Management

The Company continues to integrate ESG topic management into daily operations, with each department of the headquarters developing implementation plans, improving mechanisms, incorporating procedures, and including responsibilities in job descriptions based on functional work details. A performance assessment and monitoring mechanism has been established, and information disclosure has been carried out to implement continuous optimization, forming a closed-loop management system. The Board of Directors reviews the results of the materiality assessment on a regular annual basis, incorporates the annual materia topics into our business development plan, and discloses and presents them in the annual sustainability report.

ESG Assessment Mechanism

CMPort has set ESG assessment standards, whereby ESG performance is assessed at two levels: for the year, and for the tenure. The yearly assessment indicators are designed according to the annual ESG strategic plan, while the tenure-specific assessment indicators are designed on the basis of the long-term ESG strategic plan. By setting quantifiable ESG assessment indicators, the salary compensation links up with on ESG performance. During the Reporting Period, the Company has incorporated sustainability indicators such as energy conservation, carbon reduction, and safety production into the performance assessment of Senior Management.

The assessment results are reported at the ESG Leadership Team meeting. Those who outperform will be selected as outstanding departments or subsidiaries, excellent ESG cases, excellent ESG projects or outstanding individuals.

Stakeholder Communication

The support of stakeholders is crucial for the sustainable development of the Company. The Company continues to pay attention to the expectations of various stakeholders, and has established a multi-channel and diversified communication and feedback mechanism. Thus we can maintain active and effective communication with stakeholders, deeply understand the demands opinions and suggestions of all parties, and jointly build a sustainable ecosystem.

In 2025, the Company newly issued the Stakeholder En a ement Polic , aiming to clarify our commitments and actions related to stakeholder engagement, fully understand the expectations and needs of all stakeholders, strengthen our communication and cooperation with stakeholders, promote positive communication between us and stakeholders, and advance the harmoniou development of the regions where our business operations are located. This policy specifies that the Company is required to conduct a dedicated stakeholder impact assessment prior to the implementation of projects such as new construction, expansion, renovation, and mergers and acquisitions, to identify the material impacts of our business activities on stakeholders and jointly discuss reasonable and appropriate solutions with stakeholders. The Company continuously builds and improves its stakeholde complaint and grievance mechanisms, and tracks the outcomes of complaint and grievance handling.

Materiality Assessment

In 2024, the Company conducted its first double materiality assessment of topics and invited stakeholders to participate in the survey. We assessed the Company's sustainable development topics from the dimensions of impact materiality and financial materiality, confirmed, and released the material topics analysis matrix. For the methods and process of the double materiality assessment, please refer to the subsection "Materiality Assessment" in 2024Sustainability ReportofCMPort.

In 2025, the Company further optimized and enhanced the materiality assessment. During the year, we conducted stakeholder interviews to fully understand stakeholders' feedback on the impact, risks and opportunities of the topics, ensuring that the topic assessment could fully reflect industry development trends, key areas of business focus, and the areas where sustainabilityrelated risks and opportunities are concentrated. Meanwhile, we optimized the materiality assessment questionnaire and invited stakeholders such as industry experts to conduct quantitative scoring of impact materiality and financial materiality for the topics. Based on the results of comprehensive stakeholder interviews and questionnaire scoring, we re-reviewed and adjusted the materiality assessment results, produced the materiality assessment matrix, and disclosed it externally after review by the Board of Directors.

Financial materiality

Environmental Social Governance

Governance Achieving Steady and Long-term Development with Integrity and Compliance

As a responsible corporate citizen, CMPort strengthened compliance management, adhered to business ethics, enhanced corporate governance effectiveness, and steadily advanced risk control, committed to building a world-leading enterprise.

Annual Highlights

Awarded the SZSE's A-level information disclosure assessment for 7 consecutive years after the Company restructuring

Integrated ESG risks into the identification and assessment of the Company's annual top 10 risks

Received an A-level assessment of the Board evaluation from CMG.

Zero commercial bribery and corruption litigation case

Achieved "full coverage with in 2 years" of Internal Control System.

100%Employee coverage rate of business ethics training 100%

Future Plans

Promote and strengthen governance of the Board at the subsidiaries

Enhance the Board independence and diversity levels

Strengthen audits and supervision of business ethic

Improving Corporate Governance

The Company strictly adheres to laws and regulations, including the Company Law ofthe People 's Republic ofChina, the Securities , and the . We have fully followed the guidance of the SASAC and the China Securities Regulatory Commission on further improving the quality and standardized operations of listed companies. This drives the improving of corporate governance and the promotion of high-quality development.

Corporate Governance

Governance

The Company has established a transparent, scientifically-based, and coordinated corporate governance structure, along with an effective checks-and-balances mechanism. The Shareholders' Meeting, the Board of Directors, and the Management Team strictly follow internal systems and operational rules to perform their decision-making, management, and supervisory functions. For further details, please refer to the section "Standardizing the Operations of the Three Governance Bodies" in this chapter.

Strategy

The Company has strengthened compliance management, enhanced the effectiveness of corporate governance, advanced Board diversity, strengthened the Boards of the Company and its subsidiaries, implemented Board performance assessments, systematically enhanced investor relations management, and ensured high-quality information disclosure.

Impact, Risks and Opportunities

The Company has formulated corporate governance-related rules and systems in compliance with laws, regulations, and regulatory requirements to effectively carry out corporate governance in accordance with the Company's development needs. During the reporting year, the Company strengthened the management and control of inside information. In line with the latest regulatory rules, we revised the Inside Information and Insiders Management System and invited external experts to provide training on laws and regulations related to inside information, and examined integrity risks in inside information management. For further details, please refer to the relevant system construction, regulatory procedures, and measures in each section of this chapter.

Indicators and Targets

Indicators and Targets

Standardizing the Operations of the Three Governance Bodies

The Company, in compliance with laws, regulations, and regulatory requirements, has established various rules and systems that clearly define the responsibilities and authorities of decision-making, execution, supervision, and other aspects. This ensures the establishment of a transparent, scientifically-based corporate governance structure with coordinated operations and effective checks-and-balances mechanisms. The Shareholders' Meeting, Board of Directors, and Senior Management strictly adhere to the systems and operational rules, fulfilling their decision-making, management, and supervisory roles, and have been widel recognized. For details on the Company's shareholding structure, and Board of Directors composition and performance, please refe to the CMPortAnnual Report2025. In 2025, in accordance with the requirements of the new Company Law ofthe People s Republi , the Company adjusted its corporate governance structure and has abolished the Supervisory Board

Honours and Recognition

2025 Best Practice of Board of Director Among Chinese Listed Companies

The Shareholders' Meeting is the Company's authority body and legally exercises the functions to decide on the Company's operating policies, and investment plans, and approve the reports from the Board of Directors. The annual Shareholders' Meeting is held once a year, and extraordinary Shareholders' Meetings are convened on an as-needed basis. The Company treats all shareholders equally, ensuring the protection of shareholders' rights, particularly those of minority shareholders. In 2025, the Company convened 3 Shareholders' Meeting.

The Board of Directors is the Company's decision-making body for operational matters, accountable to the Shareholders Meeting. The Board has subcommittees, including the Strategy and Sustainability Committee, the Nomination, Remuneration and Assessment Committee, and the Audit Committee. These committees are accountable to the Board of Directors and carry out their duties as authorized by the Company's Articles ofAssociation and the Board of Directors. Their proposals are submitted to the Board for discussion and decision-making. The Board of Directors consists of 12 members, including 4 independent directors.

Key Performance

Number of General Meetings Meeting of Shareholders, and meetings for the Board of Directors and Supervisory Board held

Number of Shareholders' Meetings convened

Number of meetings of the Board of Directors 7 times

Number of meetings of the Nomination, Remuneration and Assessment Committee 5 times

Number of meetings of the Strategy and Sustainability Committee 3 times

Number of proposals reviewed 171

Number of announcements disclosed over 180

Protecting Shareholder Rights

The Company attaches great importance to the protection of shareholder rights, ensuring that shareholders can fully exercise their rights to information, expression, voting, and other rights, particularly the rights of minority shareholders.

The Company has established an effective checks-and-balances mechanism and strengthened the proposal rights of minority shareholders at the Shareholders' Meeting. It has expanded the scope and timeliness of legal actions available to minority shareholders. The Company's Articles ofAssociation specify that directors are elected through a cumulative voting system, thereby enhancing the rights of minority shareholders in selecting directors. To prevent inaction by Senior Management or directors and substantial shareholders, minority shareholders have the right to convene a Shareholders' Meeting and propose suggestions to the meeting.

The Company has established a shareholder communication and engagement mechanism. It actively participates in dialogue with shareholders and investors through various initiatives, including shareholders' meetings, on-site investor research sessions, performance briefings, analyst conferences, investor receptions, discussions, daily visits, and other channels. Investors can provide feedback and suggestions through diverse channels, including on-site exchanges, telephone hotline, SZSE's Easy Interaction platform, our WeChat official account, and by leaving messages on our official website or sending emails. The Company has set up the Investor Relations section on our official website, which collects and responds to investor inquiries, complaints, and suggestions. Meanwhile, information related to investor relations management is promptly released and updated. The Company has made public the contact information for investors, including the phone number, fax number, and email address, and makes sure that the investor hotline is accessible during working hours and reply to the investors in a timely manner.

Enhancing External Information Disclosure

The Company adheres to a high level of compliance awareness and strictly follows the requirements of relevant laws and regulations, dedicating itself to continuously improving the quality of information disclosure. The Company has established a rigorous review mechanism where every external announcement undergoes multiple layers of checks and re-verification. The Company comprehensively reviews the authenticity, reliability, completeness, and effectiveness of the content in these announcements, ensuring that no false information, misleading statements, or significant omissions occur. Furthermore, the Company recognizes the importance of timely disclosures and ensures that all information is disclosed in a timely manner. In 2025, the Company publicly disclosed more than 180 announcements

Honours and Recognition

Awarded the SZSE's A-level information disclosure assessment for 7 consecutive years after the Company restructuring

Strengthening the Board of Directors

All directors of the Company strictly adhere to the provisions of laws and regulations, as well as the Articles ofAssociation and the Rules of Procedures ofthe Board of Directors, demonstrating high levels of diligence and responsibility in their work. The directors, in close alignment with the Company's actual situation, actively contribute to significant governance and operationa decisions, leveraging their professional knowledge and keen insights. During decision-making processes, the directors engage in thorough communication and in-depth discussions, reaching a consensus with an open and inclusive attitude, ultimately forming scientifically sound and rational opinions. At the same time, the directors continue to supervise and promote the implementation of Board resolutions, ensuring that every decision is executed promptly and efficiently, fully safeguarding the legal rights of th Company and all shareholders.

Composition of Board Members

Board Independence

In the corporate governance structure, Board independence is a key factor in ensuring fair, transparent, and scientific decisionmaking. The Company's Board currently has 4 independent directors, accounting for one-third of the total Board members, injecting independent and professional decision-making power into the Board, which helps to avoid improper influences from internal interest relationships. Independent directors perform their duties in strict accordance with the Com an Law ofthe People's Republic of China, the Code of Corporate Governance for Listed Companies, the Articles of Association, and Independent , among other relevant regulations. With their profound professional knowledge and extensive practica experience, they effectively fulfil their supervisory duties, playing an essential role in safeguarding the legitimate rights and interests of the Company and its shareholders.

To ensure that independent directors maintain an independent and objective stance, the Board has established an annual review mechanism, conducting comprehensive evaluations of the independence of each independent director every year and promptl disclosing the special opinions on the self-assessment of independent directors' independence. Through detailed verification of independent directors' service records and strict review of their self-assessment documents, the Company ensures that independent directors do not hold any positions other than the independent director at the Company, nor at major shareholde companies, and that there are no interests or other factors that could impede their independent and objective judgement.

In 2025, the Company held a total of 3 special meetings of Independent Directors to discuss and make decisions on importan corporate governance matters. During the year, the Company reviewed and approved the Proposal on the 2024 Independent Director Independence Self-Assessment Report and disclosed the Board's Special Opinion on the Independent Director and the annual work reports of the 4 independent directors, fully showcasing the Company' positive actions and concrete efforts in safeguarding board independence

CMPort Director Conducted Site Study Series

To further strengthen support for external directors in fulfilling their duties and leverage the their roles, the Company planned and organized two independent director site visit and study in 2025, including visits to Shanghai International Port and Ningbo Zhoushan Port, as well as an inspection trip to Indonesia for the NPH project

Key Performance

Proportion of independent directors 33.33%

Proportion of independent directors on the Audit Committee 100%

Proportion of independent directors on the Nomination, Remuneration and Assessment Committee 66.67%

Board Diversity

During the nomination and election process for Board members, the Company comprehensively and thoroughly considered several key dimensions, including but not limited to gender, age, ethnicity, cultural background, educational experience, professional experience, skills, knowledge, and tenure.

Currently, the Company's Board members come from diverse professional backgrounds, covering essential fields such as transportation, accounting and finance, law, industrial automation, and risk management. This diverse professional composition enables Board members to offer highly valuable perspectives and suggestions from different angles, strongly ensuring the scientific and rational nature of Board decisions. As of the end of the Reporting Period, female directors accounted for 8.33% of the Board.

Board Evaluation

The Company received an A-level evaluation from the Board of Directors of the CMG for three consecutive years, fully demonstrating that our Board of Directors effectively and efficiently performed its core functions of "setting strategies, making decisions, and preventing risks" over the past year, providing solid support for our stable development and strategic planning. In 2025, the Company strengthened the development of subsidiary boards of directors, empowered subsidiaries to enhance their board development standards, and guided more than 10 subsidiaries to revise the Articles and abolish the Supervisory Board in accordance with the latest requirements of the Company Law. We supported the revision of corporate governance-related systems and carried out evaluation and assessment of subsidiary boards of directors.

Board Training

In 2025, the Company organized 7 training sessions for directors, supervisors, and Senior Management members, with 78 participants. The training content covered relevant laws and regulations such as the new Company Law ofthe People 's , strengthening the compliance awareness of directors and Senior Management members. Additionally, training on anti-commercial bribery and anti-corruption training was provided to clearly define the red lines and danger zones of business ethics. Training on insider information management and control to prevent the improper use of the Company's insider information was also offered. Dedicated ESG training was conducted to help directors, supervisors, and Senior Management members understand the latest development trends and benchmark practices in the ESG field, and systematically enhance our sustainability management and decision-making capabilities.

Strengthening Compliance Management

The Company rigorously complies with relevant laws and regulations on anti-bribery, fraud prevention, anti-money laundering, and unfair competition in the host countries and regions. It has further solidified overseas compliance and penetrating control, embedded compliance into our mindset, integrated it into business operations, and put it into action, steadily advanced the task o building a world-leading enterprise under the rule of law, and safeguarded our sound business operations and development

Compliance and Business Ethics

Governance

The Company has established a standardized compliance and business ethics management system that spans the Board of Directors, Management Team, functional departments, and subsidiaries, ensuring comprehensive participation from the decision-making level to the execution level. For more details, please refer to the section "Improving the Compliance System" in this chapter.

Strategy

The Company continues to improve its compliance system, further strengthening penetrating overseas compliance management and control, adhering to business ethics, and standardizing the conduct of the Company, employees, and suppliers.

Impact, Risks and Opportunities

The Company integrates compliance management deeply into its daily operations, establishing a comprehensive compliance system and implementing compliance risk control, compliance culture development, and compliance performance assessment measures to ensure the Company operates in accordance with legal and regulatory requirements. For more details, please refer to the section "Improving the Compliance System" in this chapter.

Improving the Compliance System

The Company continuously improves its compliance and business ethics system, ensuring the effectiveness of its organization structure and decision-making mechanisms for compliance management, while strengthening its governance capabilities, marke competitiveness, and corporate reputation.

Compliance Governance System

The Company has established a standardized compliance and business ethics management system, which spans the Board of Directors, the Management Team, functional departments, and subsidiaries. The Board of Directors is the highest responsible body for compliance governance and business ethics management. The Company has appointed a Chief Compliance Officer and compliance officers, who, in collaboration with departments such as the Supervision Department, Human Resources Department, Administration Department, Finance Department/Capital Management Department, Risk Management Department/Legal and Compliance Department, and Audit Department, are jointly responsible for building, implementing, supervising, and handling violations related to business ethics. The Company also collaborates with departments such as discipline inspection, Party-building, Party office, inspection, legal affairs and compliance, and finance, enhancing supervisory cooperation and communication to strengthen oversight mechanisms.

Compliance System

The Company has issued the Code of Integrity and Compliance, and developed and implemented compliance policies including the Code of Business Conduct Su lier Code of Conduct the Anti-Corruption and Anti-Bribery Policy, Economic Violation Accountability Measures, and Integrity Risk Audit Guidelines, Administrative Measures for Anti-Monopoly Compliance, and Special Compliance Management Guidelines for Export Controls to regulate compliance behaviour of directors, employees at all levels (including full-time, part-time, and temporary employees), and business partners such as suppliers. They offer guidance and practical directives for the headquarters and all subsidiaries to achieve substantial and comprehensive compliance, continuously improving their compliance awareness and capabilities.

Compliance Culture Development

The Company and its subsidiaries have actively utilized a combination of online and offline methods for compliance training. In 2025, 2 legal compliance training sessions were conducted, engaging more than 400 attendances. Among these, the Company's headquarters organized all employees to participate in CMG Legal Compliance Forum, a special training session on "Procurement Compliance System Development and Procurement Compliance Practices" and "Legal Due Diligence for Investment and M&A", helping relevant personnel fully understand compliance risks across all stages of procurement and legal due diligence for investment and M&A. Subsidiaries also actively organized compliance-related training, focusing on key compliance areas such as anti-monopoly, anti-unfair competition, anti-corruption, and cross-border contracts, to enhance employees' compliance awareness and risk prevention capabilities.

Compliance Risk Control

The Company and its subsidiaries have continued to identify compliance risks and integrate compliance management deeply into daily operations and management with an emphasis on key compliance risks. In 2025, it focused on enhancing foreign-related compliance control, consolidated overseas compliance penetrative control, and promoted the go-live of the overseas version of the legal affairs system.

In terms of compliance risk identification, based on changes in domestic and internationa laws, regulations, and regulatory policies, and in conjunction with our special compliance risk governance initiatives for business operations, the Company identified significant and higherlevel compliance risks in day-to-day operations and management. Meanwhile, the Company strengthened the screening of key compliance risks in key areas such as economic sanctions and export controls, contract standardization, and cross-border projects

Regarding compliance risk alerts, the Company has vigilantly monitored legislative and regulatory changes both at home and abroad, assessed the potential impact of compliance risk incidents on the Company's key investment areas, and promptly issued compliance risk alerts. Furthermore, the Company has undertaken special compliance risk studies to enhance the foresight of compliance management and proactively mitigate major compliance risks.

Compliance Performance Assessment

The Company includes compliance duty requirements as part of the annual performance evaluation for employees and Senior Management members. The evaluation includes feedback from subordinates, peers, and supervisors, with the scores being an essential reference for employee performance assessment. Compliance duties include familiarizing oneself with and strictly adhering to relevant laws and regulations, enhancing compliance awareness, conducting work in accordance with legal and regulatory requirements, and fulfilling personal compliance obligations and responsibilities.

Upholding Compliant Operations

The Company is committed to ensuring compliance in its operations, advocating free and fair competition, and avoiding participation in any communication, information sharing, or agreement that may violate applicable anti-monopoly laws and laws against unfair competition. CMPort strictly complies with international trade and export control regulations, firmly opposes any form of corruption and commercial bribery, and urges the Company and its business partners to conduct business in a manne consistent with business ethics.

Anti-Corruption and Anti-Bribery

The Company has introduced the Anti-Corru tion and Anti-Briber Polic , the Inte rit and Com liance Code of Conduct, and the Administration Measures on the Compliance of Donations and Sponsorships. These policies clearly define corruption and commercial bribery behaviours (such as accepting gifts or kickbacks, improper transfer of benefits, and embezzling the Company's assets), as well as compliance requirements for donations and sponsorship. The Company prohibits all forms of corruption and bribery in daily operations, ensuring that directors, employees, and business partners acting in the Company's name do not offer bribes or other benefits to any organization or individual (including but not limited to agents, intermediaries, consultants, distributors, suppliers, customers, partners, or public officials) for improper commercial purposes

The Company requires the return of any improper economic benefits obtained by employees, and in cases of asset loss to the Company, additional responsibilities and financial compensation will be pursued according to relevant regulations. Employees found in violation of regulations will lose eligibility for annual awards, and those subject to disciplinary action will have their performance-based pay or bonuses reduced or withheld according to the rules.

The Company has issued the Supplier Code ofConduct which requires suppliers and their downstream suppliers to comply with all applicable laws and regulations and conduct business in an ethical manner. The Company mandates that suppliers avoid all forms of extortion and bribery and disclose any conflict of interest. Once the Company discovers that a supplier has engaged in non-compliant conduct such as bribery, it will include the supplier on the procurement blacklist. The Company promotes business ethics among all suppliers through ESG assessments of suppliers, regular business ethics publicity events, aiming to enhance suppliers' integrity awareness. In 2025, the Company's business ethics communications covered 100% of its active suppliers.

Supplier Integrity Management

The Company focuses on fostering a culture of integrity and strengthens the communication and promotion of integrity principles The Company headquarters regularly publishes the Clean Ports magazine, while its subsidiaries have created various integrity themed publications, such as Port Sword Integrity Breeze Clear Wind ofZhangzhou Port, and Integrity Posters, jointly building CMPort's integrity promotion platform.

Anti-monopoly and Anti-unfair Competition

The Company strictly adheres to policies such as the Administrative Measures for Anti-Monopoly Compliance and , which clearly define prohibited monopolistic practices, including horizontal monopoly agreements (e.g., price-fixing, quantity restrictions, market allocation, etc.) and vertical monopoly agreements (e.g., resale price maintenance, exclusive dealing, etc.), as well as abuses of market dominance (e.g., predatory pricing, refusal to deal, tying, etc.) and unreported mergers and acquisitions. The Company commits to a rigorous review of all mergers and acquisitions, ensuring the legality and compliance of business transactions, and prohibits any illegal or noncompliant activities, thereby consciously safeguarding a fair and competitive market order.

The Company also establishes anti-monopoly compliance management requirements and compliance guidelines through its systems. These clearly outline internal disciplinary actions for violating anti-monopoly regulations (e.g., warnings, fines, termination of employment, etc.). The Company enhances al employees' awareness of anti-monopoly compliance through annual compliance checks, training, evaluations, and the signing of compliance commitment letters. In 2025, in response to the amendment of the Anti-Unfair Com etition Law ofthe , the Company released themed posters and explanatory posts to communicate key matters to employees. Multiple subsidiaries organized publicity and training activities on the Anti-monopoly Law and the Law o the People's Republic of China Against Unfair Competition. No lawsuits or major administrative penalty incidents occurred due to monopolistic or unfair competition practices.

Anti-Money Laundering

The Company's compliance management system is explicitly against anti-money laundering and counterterrorism financing, overseeing all our business activities and management processes. The Company pledges to comply with laws related to anti-money laundering and counterterrorism financing in host countries and regions, screen business partners as per relevant requirements, and do business only with partners that have legal and compliant sources of funds and adhere to business ethics. The Company pledges not to participate in or assist any third-party money laundering, and prohibits employees from engaging in or aiding others in any money laundering activities.

Conflict of Interest

The Company demands that directors and employees make business decisions and fulfil their responsibilities in a way that is objective, fair, impartial, independent, and in accordance with professional judgement. They should handle actual or potential conflict of interest between personal interests and company business appropriately. When dealing with conflicts of interest, they should act in a legal and compliant manner, prioritize the interests of the Company and proactively avoid conflict of interest.

Trade Compliance

The Company strictly complies with the laws and regulations of the locations where it operates, ensuring international trade compliance. The Company has formulated the S i l C m li n M n m nt G id lin f r E rt C ntr l nd S n ti n and the Emergency Plan for Economic Sanctions and ExportControl RiskEvents, to enhance our emergency response capabilities for handling sudden sanctions and control risk events in a timely manner and in accordance with the law. For identified sanction and control risk events, the Company will closely monitor the progress of such events, stay updated on the latest policies, laws, regulations, and enforcement trends, and, if necessary, immediately suspend relevant business operations. In 2025, the Company issued multiple compliance risk alerts related to foreign matters and carried out routine screening in the areas of export controls and economic sanctions.

Tax Compliance

The Company has formulated the Administration Measures for Taxation, specifying the setup and responsibilities of its tax affairs body, daily tax-related issue management and tax risk management, and regulating tax registration and declaration behaviour. The Company undertakes to strictly comply with tax laws and regulations, carefully analyse tax risks, actively disclose tax information, declare and pay taxes on time, and forbid tax evasion.

Responsible Marketing

In accordance with the Advertising Law ofthe People 's Republic ofChina, while organizing exhibitions and promotional events, the Company strictly conforms to internal guidelines and processes, in order to enhance the corporate image and deliver a compliant and correct message to the audience

Adhering to Business Ethics

Adhering to business ethics is the foundation of the Company's operations and success. The Company strictly complies with the laws and regulations of the places where we operate, embeds business ethics risk control throughout all business processes, and explicitly prohibits corruption, commercial bribery, monopoly, unfair competition, money laundering, fraud, and privac infringement, among other acts.

Business Ethics Risk Control

The Company conducts a comprehensive risk assessment annually, including an assessment of corruption and commercial bribery risks. In 2025, the Company prepared the Guidance Manual on Implementing the Spirit of the Central Eight-Point Decision and the Group's Ten , adopting a penetrating supervision model of online + offline and milestone-based + regular oversight to accurately identify and rectify issues of the "Four Forms of Malfeasance". We organized special inspections on official vehicle management, souvenirs, and business entertainment. The Company strictly investigated and dealt with issues such as improper issuance of allowances and subsidies by overseas entities and violations of the spirit of the Central Eight-Point Decision, and deepened efforts to promote rectification and governance through cases. We carried out the Seven Ones education and the 510 Discipline Learning and Education Week series of activities in a solid manner, promoted discipline requirements to reach the most grassroots levels, and fostered a clean and upright atmosphere.

Business Ethics Audits

The Company has established the Business Ethics Audit Operation Guidelines, conducting comprehensive audits on system construction, anti-corruption and anti-bribery, antimonopoly, anti-unfair competition, anti-money laundering, anti-fraud and privacy violations for all business activities. To prevent business ethics risks and regulate the behaviour of employees and business partners, the Company includes a business ethics review as part of its annual audit projects, with a comprehensive audit plan covering all operational entities and business segments. Each overseas subsidiary conducts an audit annually, while domestic subsidiaries implement a three-year rotation coverage plan, continuously carrying out audit projects to cover commercial ethics risks.

Business Ethics Audits Content

Audit Theme

Audit Key Points

Management system and regulations for business ethics or code of conduct

Procedures for handling violations of business ethics and integrity

System development

Improvement of the whistleblowing response mechanism and protection measures for whistleblowers

Presence of commercial bribery, kickbacks, or other illegal or corrupt business practices

Anti-corruption and anti-commercial bribery

Signing status of the Integrity Agreement by suppliers

Anti-monopoly and anti-unfair competition

Compliance with relevant laws and regulations such as the Anti-Monopoly Law ofthe People 's Republic of China and the Anti-unfair Competition Law of the People's Republic of China

Presence of monopoly or unfair competition practices

Anti-money laundering

Abnormal third-party payments, excessive amounts, large cash payments, or payments in unexpected currencies

Instances of misleading, deceptive, or fraudulent descriptions in the Company's services

Fraudulent or deceptive actions involving money, property, or services of customers, consumers, suppliers, or others associated with the Company, including wrongful withholding or misappropriation of others' property

Privacy protection policies covering employees, suppliers, and customers

Anti-Privacy violations

Unauthorized acquisition and use of the Company's business information

The Company conducts targeted audits in business areas susceptible to corruption, including engineering, procurement, investment, and finance. The audits closely examine whether there are instances of unjust enrichment, bribery, misappropriation of funds, and other improper fraudulent and corrupt practices in operations. Concurrently, for issues identified during the audit relevant departments will establish correction and follow-up mechanisms, and oversee the rectification progress. In 2025, n significant issues related to violations of business ethics standards were identified.

To standardize employee behaviour and raise awareness of business ethics, in 2025, the Company conducted various forms of business ethics training and cultural promotion. The Company organizes an annual warning education conference, with the leadership team, Senior Management, Party members and cadres at all levels, young cadres, newly promoted cadres, and personnel in key positions attending. A Discipline Inspection and Supervision, and Inspection Cadres Business Training Course was also organized. Specialized risk management training for the Board of Directors was conducted to strengthen Board members compliance awareness. In our daily operations, the Company also disseminates relevant regulations and cases on business ethics standards, anti-corruption, and anti-money laundering through internal communication systems, email, and other channels, to enhance employees' integrity, self-discipline, and compliance awareness, and achieve full coverage of business ethics training and communication for all employees (including full-time employees, part-time employees, and outsourced labour personnel).

Types and Content of Business Ethics Training

Business ethics training (including full-time employees, part-time, and outsourced personnel) coverage rate 100%

Number of commercial bribery and corruption lawsuit incidents

Improving the Whistleblower and Supervision Mechanism

The Company has established a whistleblower protection mechanism, allowing whistleblowers to report anonymously. We require strict confidentiality of whistleblowers and whistleblowing information, and strictly store relevant letters and equipment. Retaliation against whistleblowers is prohibited. Violators will be held accountable, and any conduct that seriously endangers whistleblowers' rights and interests will be reported to judicia authorities and subject to criminal liability. The Company's Supervision Department is the designated department for whistleblowing oversight, responsible for receiving whistleblowe complaints, verifying received reports, conducting examinations and investigations on reports meeting the criteria for case filing and referring cases involving suspected violations to prosecuting authorities. The Company will publicize the investigation results of all non-compliance incidents.

The Company has developed and implemented the Measures for Handling of Problem Clues and Management ofCases, and established an open and transparent mechanism for the oversight and reporting of violations. The mechanism delineates the whistleblowing process, categorizing the handling of reported cases into 4 types: initial inquiry, preliminary verification, pending further investigation, and conclusion. The Company encourages organizations and individuals to report and expose any instances of disciplinary or illegal behaviour.

The Company strictly implements the recusal system. When the investigators or judges are a party of interest to the investigated or the whistleblower, or there are other circumstances that may affect the impartial investigation, such investigators or judges are forbidden from participating in the investigation. The Company imposes strict control on the access scope and time of information about the examination and investigation. It is prohibited to process case data without permission, or to disclose information abou the examination and investigation. Strengthened measures are adopted to ensure storage device security management. The Company requires that there must be at least 2 persons participating in investigation and evidence collection. No one is allowed to intercede for the parties involved by taking advantage of his/her position, or destroy evidence materials. If the whistleblower and his/her immediate relatives may be retaliated against, the Organization Department and the Discipline Inspection and Supervision Department shall respond in accordance with the relevant provisions. Corresponding sanctions shall be imposed upon those who retaliate against whistleblowers and their immediate relatives, and their claim for compensation shall be supported according t the law.

Strengthening Risk Prevention and Control

The Company continues to build a "six-in-one" risk management and control system, including legal, compliance, risk, interna control, auditing, and accountability functions, and to improve the enterprise risk management (ERM) system. We have built a systematic risk control structure featuring coordination between the "Leading Group, Working Group, Functional Departments, and Execution Departments", and carried out a lot of compliance risk control work centred on the business, so as to continue to enhance the ability of risk management for stable operation.

Risk Management

Governance

The Company has established a risk management organization structure from top to bottom, with the Board of Directors serving as the highest decision-making body for risk management and internal control. For details, please refer to the "Strengthening Risk Governance" section of this chapter.

Strategy

The Company built a "six-in-one" risk management and control system to identify and prevent major risks, deepen risk management and collaboration, promote the precise cascading and penetration of risk indicators, and continuously improve the internal control system.

Impact, Risks and Opportunities

The Company continues to improve its risk management system, optimize risk control procedures, implement risk control measures, and effectively manage the Company's top ten risks for the year, and strengthens the attention and response to ESG-related risks and emerging risks. For details, please refer to the sections "Improving Risk Control Mechanisms" and "Implementing Risk Control Measures" in this chapter.

Strengthening Risk Governance

The Company has established a risk management organization structure from top to bottom, with the Board of Directors serving as the highest decision-making body for the Company's risk management and internal control.

Improving Risk Control Mechanisms

Risk control is the cornerstone of the Company's sound operations. The Company has established a relatively complete risk contro system, continuously optimized risk control processes, focused on and identified the potential impacts of emerging risks, and implemented various risk control measures.

Building a Risk Control System

The Company has issued various policy documents, including the Administrative Measures on Risk Mana ement Risk Contro , and , to continuously improve the risk managemen system and provide guidance for future risk prevention and control. In 2025, the Company revised and improved the Management , refining process standards for event identification and determination, reporting and handling, target management, monitoring, and follow-up. It also issued and implemented the Risk Management and Internal Control Management System, optimized the Performance Appraisal Plan for Risk Management Work, established the Internal Contro , and continuously enhanced proactive risk prevention, control, and response capabilities.

Optimizing Risk Control Processes

The Company regularly organizes risk assessment activities, covering the headquarters departments and subsidiaries. Based on the annual operational conditions, the assessments are conducted with a focus on real and objective risks, particularly those affecting the annual business goals. This includes identifying major risks in areas such as strategy, market, finance, law and compliance, operations, and ESG, providing decision-making references for the Company's risk management.

The Company attaches great importance to sustainability-related risks. Among the Company's top 10 risks in 2025, ESG-related risks include work safety risk, talent risk, and information security risk. The Company proactively implemented prevention and control measures in terms of improving policies and systems, increasing resource inputs, and strengthening cultural communication and advocacy, thereby safeguarding the achievement of sustainable development.

In 2025, with reference to the top 10 global risks released by the World Economic Forum and in light of our operating conditions, we assessed and confirmed two major emerging risks for the year, and gave them special attention and implement control measure accordingly.

Emerging Risk 1: Negative Impacts Brought About by AI Applications

Risk category Technology risks

With the widespread application of artificial intelligence in corporate operations, data analysis, and decision-making, algorithmic bias, system failures, or data processing issues may lead to risks such as corporate financial losses, operational disruptions, or reputational damage. In addition, the uncertainty and rapid iterative nature of AI development often make potential issues difficult to identify and control in a timely manner, increasing the Company's overall risk exposure.

Impact on operational efficiency. In the future, if the Company applies AI to logistics scheduling, terminal automation, and vessel berthing arrangements, we will need to closely monitor AI's impact on terminal operations. If algorithmic bias or system failures occur, they may lead to reduced cargo loading and unloading efficiency, disorder in yard management, or extended vessel waiting times, directly affecting day-to-day operations.

Impact on data security. In the future, if the Company uses AI to process large volumes of internal data, insufficient data security protection or vulnerabilities in algorithm processing may result in the leakage of sensitive information, triggering legal liabilities or regulatory penalties.

Impact on business processing In the future, if the Company uses AI for automated processing of customs declaration documents, customer orders, or cargo information, errors in algorithms or systems may lead to incorrect customs declarations, cargo delays, or abnormal transaction processing, directly affecting customer experience.

Establish a clear AI governance mechanism to reduce decision-making and management risks arising from AI applications. By defining the boundaries for AI use in key scenarios such as port scheduling and security monitoring, distinguish between decision-support and automated execution stages, and retain necessary human review and intervention mechanisms.

• Strengthen management of data quality and model reliability at the technical level. Through continuous monitoring of model performance and regular assessment of system stability, reduce risks to port operations and safety arising from AI misjudgements.

Strengthen cybersecurity protection for AI systems and related data interfaces. Reduce the risk o system attacks, data tampering, or malicious manipulation of models.

Emerging Risk 2: Dissemination of Misinformation and Disinformation

Risk category Technology risks

With the diversification of information dissemination channels and the acceleration of dissemination speed, companies may face the risk of reputational damage and declining customer trust due to the spread of false or misleading information. Such information often spreads rapidly and is difficult to fully control. Even if the Company's operations are normal, we may still be directly or indirectly affected due to customer perceptions or market reactions.

Impact on the Company's reputation Once erroneous or false information about safety incidents, equipment failures, strikes, congestion, or compliance issues spreads, it may quickly undermine shipowners', cargo owners', and other partners' trust in the reliability of our operations.

Impact on business revenue The dissemination of erroneous or false information may affect customers' and partners' assessment of the stability and reliability of our operations, prompting them to temporarily adjust routes, reduce port calls, or shift to alternative ports, thereby affecting port revenue.

Clarify the guidelines and channels for external information release, reduce multiple sources of information, ensure that accurate and reliable information is delivered to customers and partners in a timely manner when emergencies occur, and mitigate the impact of the spread of untrue information. Strengthen continuous monitoring of public opinion and information dissemination, and enhance the capability to identify and respond to incorrect or false information.

Response strategy

Maintain stable and transparent business communication mechanisms with customers and partners, and respond promptly to concerns when uncertain information arises.

Conducting Due Diligence

The Company established due diligence procedures to strengthen controls over high-risk sustainable development areas such as human rights, work safety, and environmental protection in our operations and investment activities.

Due diligence of human rights risk

The Company has established h u m a n r i g h t s r i s k d u e d i l i g e n c e p r o c e d u r e s , consisting of three stages: risk and impact assessment, a s s e s s m e n t r e s u l t s a n d m i t i gat i o n / re m e d i at i o n measures, and monitoring and communication. The due diligence frequency is once every three years. For details of human rights due diligence this year, please refer to "8.2 Safeguarding Legitimate Rights and Interests".

Due diligence on work safety

In 2025, the Company newly formulated the Measures for the Administration of Work Safety in , incorporating due diligence on work safety as a prerequisite procedure for corporate mergers, acquisitions, and restructuring. Due diligence will focus on verifying the target enterprise's work safety qualifications, historical production safety incidents, and local work safety penalties. For projects with major historical legacy issues such as commencing construction without approval, inconsistency between approved and as-built construction, commencing operation before acceptance, and operating beyond the scope of qualifications, we will provide special risk alerts and report them to the Company's Party Committee meeting or office meeting to decide whether to proceed with the acquisition.

Due diligence on environment

The Company has formulated Investment Management System of China Merchants Port Group Co., Ltd, and the Investment Review Management Regulations of China Merchants Port Group , which require conducting due diligence o n t h e e n v i r o n m e n t a l protection status of proposed i n v e st m e n t p r oj e c t s t o comprehensively understand relevant risks.

Implementing Risk Control Measures

To further enhance internal risk awareness and prevention and control capabilities, in 2025, the Company and its subsidiaries conducted multiple special risk management training sessions. The topics covered data compliance and cross-border transfers, operation of the risk management platform, legal risks of infringement related to the use of images and fonts, trade secret protection, case analysis on the implementation and supervision of compliance systems in central and state-owned enterprises, labour and employment laws, etc. At the same time, the Company formulated and issued the Work Plan for the Development of , deeply establishing an indicator system combining common indicators and customized indicators. We studied and established 33 new risk monitoring indicators and thresholds for the Company, and guided our subsidiaries i completing indicator development.

Case

CMPort Held the 2025 Risk Management Work Meeting

In March 2025, CMPort held the 2025 Risk Management Work Meeting and the expanded meeting of the Risk Control, Compliance and Violation Accountability Management Committee in Shenzhen. Xu Song, the Company's CEO, chaired the meeting and delivered remarks, calling for a focus on the risk landscape and requirements, enhanced effectivenes of the risk control system, and strengthened foundations for professional capabilities. The principal persons-in-charge of all departments at the Company's headquarters and all subsidiaries, as well as all staff involved in risk management and compliance, attended the meeting in person and via video.

Strengthening Internal Control

The Company continuously improves the internal control mechanism and operating process, and steps up their implementation, to substantially upgrade its internal control. The Company has implemented a "full coverage within 2 years" plan for internal contro system supervision and inspection, achieving full coverage of planned units. It conducts supervision and inspection of subsidiaries according to this plan.

The Company has established a regular internal control self-assessment system and conducts internal control evaluations periodically. In 2025, the Company conducted inspections of 9 units, achieving a 100% completion rate for the annual inspection plan, with a 100% defect rectification rate for those due. From 2021 to 2025, all the internal audits produced unqualified reports upon closure of the audits.

The Company actively strengthened the professional skills of internal audit personnel. In 2025, we organized 58 personnel across al levels to complete the online training on audit work for state-owned enterprises provided by the SASAC of the State Council. A tota of 433 people participated in the Hengrui Cup Knowledge Competition on Auditing Standards organized by the Chinese Institute o Internal Audit, of whom 399 achieved full marks.

Environmental Building Low-Carbon, Green and Environment-Friendly Ports

CMPort deepens the development of green and smart ports, systematically addressing the challenges of climate change. Through technology enablement and innovation-driven initiatives, we reduce GHG emissions, uphold ecological and environmental protection, and promote the integrated and harmonious development of ports and nature, achieving coexistence and mutual integration.

Annual Highlights

Carried out biodiversity risk identification, assessment, and management. Initiated the preparation of our first TNFD report.

Proportion of ISO 14001 environmental management system certification pass rate has reached 95.45%

Expanded the Scope 3 GHG emissions accounting categories

While the business volume is growing,the Company has achieved a 33.64% reduction in wastewater discharge and a 14.60% decrease in total water consumption.

Optimized climate scenario analysis, and expanded the pilot scope to overseas subsidiaries.

Clean energy consumption increased 4.87% compared with last year

Future Plans

Fulfill annual environmenta management goal

Increase the certification rate of environmental management systems and energy management systems among subordinate port enterprises.

Continuously conduct identification and assessment of biodiversity risk

Tackling Climate Change

Tackling climate change is a global challenge shared by all. The Company actively responds to China's "dual-carbon" goals, strengthens its climate governance structure, identifies and manages the impact, risks and opportunities brought about by climate change, continuously monitors GHG emission targets and indicators, steadily advances energy conservation and carbon reduction efforts, and resolutely fulfils its corporate responsibility for emissions reduction.

Tackling Climate Change

Governance

The Company has established a four-level climate governance structure comprising Decision-making Level, Management Level, Organizational Level, and Execution Level. For details, please refer to the section Enhancing the Climate Governance in this chapter.

Strategy

In line with the targets of carbon peak by 2028 and achieving carbon neutrality by 2060, the Company has formulated the 14th Five-Year Plan for Low-Carbon SpecialStrategy identifying and assessing climate risks and opportunities, and taking proactive measures to address the impact, risks and opportunities of climate change. We have advanced the achievement of the "dual-carbon" goals through the 5+2+2+1 actions. For details, please refer to the section "Practicing Climate Strategy" in this chapter.

The Company integrates climate risks into its enterprise risk management processes, regularly organizing assessments of risks and opportunities. For details, please refer to the section "Managing Climate Risks" in this chapter.

Indicators and Targets

Enhancing the Climate Governance

The Company has established a four-level climate governance framework to identify and manage climate change risks, address the impacts of climate change, and advance the achievement of the Company's "dual-carbon" goals.

Organization Structure

Responsibilities

Strategy and Sustainability Committee: The committee is responsible for overseeing, reviewing, deciding on, and providing guidance on the Company's climate strategy, goals, and action plans; formulating the environmental protection philosophy, planning systems, evaluation methods, and standards, and reporting significant climate-related matters to the Board. In 2025, the Strategy and Sustainability Committee reported to the Board of Directors on the progress of work related to climate change response and energy conservation and carbon reduction.

Management Level

Leading Group for Energy Conservation and Environmental Protection: The group is responsible for developing new approaches to address climate change, formulating energy conservation and carbon reduction plans, and integrating them into daily operational management

Energy Conservation and Environmental Protection Office: The Energy Conservation and Environmental Protection Office under the Leading Group for Energy Conservation and Environmental Protection cooperates with the functional departments of the Company to implement the strategic deployments for tackling climate change, and promote the implementation of the action plan for carbon peak and carbon neutrality. It is also responsible for setting the goal of pollution control and carbon reduction, formulating the energy conservation and carbon reduction plan, and incorporating it into daily operations and management. It shall regularly conduct supervision and inspections in various forms, organize training related to climate change, exchange and promotion of best practices, and evaluate the progress toward targets by each business unit on an annual basis.

Management personnel of subsidiaries: Safety management personnel of each subsidiary develop emergency response plans for extreme weather and ensure robust risk prevention measures for extreme weather. Energy conservation and carbon reduction management personnel of each subsidiary are responsible for the implementation, statistics, analysis, and supervision and inspection of energy conservation and carbon reduction work.

Implementing Climate Strategy

According to the 14th Five-Year Plan for Low-Carbon Transformation Strategy, the Company actively addresses climate change by optimizing our energy structure, promoting improvements in equipment energy efficiency, and advancing the development of smart ports in a coordinated manner. At the same time, the Company incorporates climate risks and opportunities as one of the factors considered in strategic decision-making, included climate risk assessment in the Company's annual top 10 risk assessment, conducts climate scenario analysis, and develops climate response strategies to further strengthen climate change resilience.

Identification of Climate Risks and Opportunities

The Company has incorporated climate risks into its enterprise risk management framework, identified categories of climate risks, assessed the potential business and financial impacts of climate risks, and developed contingency plans to further strengthen climate risk management and control.

Climate Risk Identification

Transition Risks

Seizing Climate Opportunities

The Company closely follows the development trend of the shipping industry's green transformation, identifies potential growth opportunities in green shipping, increases investment in clean energy infrastructure development, raises the proportion of clean energy used, accelerates the development of clean fuel service capabilities, integrates green and low-carbon principles into overal logistics solutions, and strengthens port-shipping collaboration to reduce carbon emissions.

Climate Scenario Analysis

During the Reporting Period, the Company carried out in-depth climate scenario analysis and quantitative research on climate risks updated the methodology for assessing climate physical risks and climate transition risks, expanded the scope of pilot quantitativ assessments of climate risks, and provided solid support for the Company to improve its climate risk management mechanism.

Compared with the previous reporting period, the climate scenario analysis and climate risk quantification work for the year were mainly improved in the following three aspects:

Physical Risk Scenario Analysis

This year, the Company selected the China Merchants Port (South China) Management Center, the China Merchants Port (South China) Bulk Cargo Management Center, Shantou Port, Zhangzhou Port, Zhanjiang Port, CMITQ and CICT as pilots for climate physical risk analysis. TCP was not included in the scope of physical risk analysis for this year on an interim basis because, based on historical meteorological data, the area where TCP is located is not a region severely affected by typhoon disasters. In the future, the company will consider conducting a dedicated quantitative physical risk analysis for TCP.

Climate Scenario Selection

In terms of climate scenario selection, this year, based on different Shared Socioeconomic Pathway (SSP) scenarios1, we combined historical meteorological data and geographical characteristics of the locations where assets are situated to simulate the future frequency and intensity of typhoons and their potential impacts on different assets. The scenario selection for the quantification of physical climate risks for the year is shown in the table below

Physical Risk Scenario Selection

1 Shared Socioeconomic Pathways (SSP), as defined in the Sixth Assessment Report (AR6) by the Intergovernmental Panel on Climate Change (IPCC), are typical climate scenarios provided by the UN IPCC.

China Merchants Port (South China) Bulk Cargo Management Center CMITQ CICT Shantou Port

Physical Risk Modelling Assessment

In physical risk modelling assessment for typhoons, the Company adopted the risk assessment framework established in the Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report (AR5), quantifying the financial impacts of typhoon disasters on assets, namely the physical risk transmission mechanism, as a function of three core elements: hazard factors, exposure, and vulnerability.

Among them, disaster-causing factors were analysed using the Holland model, and parameter adjustments were made in combination with the geographical characteristics of different assets. Exposure was based on the actual data of each asset. The vulnerability modelling distinguished the differences between port heavy machinery assets and logistics park assets. Two sets of models were used to analyse the damage mechanisms of typhoons, thereby clarifying the potential losses that the assets may suffer and setting different vulnerability curves.

Assessment of the Financial Impacts of Physical Risks

Through climate models and geospatial analysis tools, the Company simulated key indicators such as the frequency and intensity of typhoon occurrences under different scenarios. We further quantified the potential financial losses from physical risks by integrating hazard factors, vulnerability curves, and assets value.

Different climate scenarios may lead to an increase in typhoon intensity. As shown in the table, it is expected that by 2050, the intensity of typhoon disasters faced by each subsidiary will be higher than the historical average level.

Increase in Typhoon Intensity Under Different Climate Stress Scenarios

The expected financial losses2 of each subsidiary in 2050 are shown in the figure below. Unit: RMB 10,000

Risk Response Measures

To strengthen the management and control of physical risks represented by typhoons, the Company will mitigate the impacts of physical risks in the future from the following aspects:

Implement a differentiated and precise asset risk management strategy.

The Company will implement targeted risk control measures for different types of assets, strengthen real-time monitoring and early warning during the typhoon season, optimize windproof mooring procedures and inspection standards for critical equipment such as quay cranes, and regularly assess the effectiveness of emergency plans under super typhoon scenarios.

Expand risk awareness and strengthen dedicated prevention against gust fronts and storm surges.

At the micro level, the Company will strengthen the monitoring and prevention of localized gusts at ports. In conjunction with historical typhoon data and asset characteristics, it will carry out dedicated storm surge assessments and improve storm surge and flood prevention facilities.

Continue to improve the scenario analysis and quantitative assessment methodology for physical climate risks.

In line with the latest advances in research on physical climate risks, we will continue to improve the data foundation and update the models, and regularly review and update the vulnerability models, so that the risk quantification results can dynamically reflect asset conditions and the latest scientific understanding of climate.

Transition Risk Scenario Analysis

This year, the Company selected China, Sri Lanka, Indonesia, and Brazil as the subjects of analysis, used energy prices as the driving factor of climate transition risks, and, in combination with the climate scenarios provided by the Network for Greening the Financial System (NGFS) of central banks and supervisors, conducted a quantitative analysis of climate transition risks.

Climate Scenario Selection

The climate scenarios selected for the quantification of transition risks for the year are shown in the table below.

Transition Risk Modelling Assessment

The quantification of transition risks was based on the 2024 energy consumption data of our subsidiaries located in China, Sri Lanka, Indonesia, and Brazil as a reference benchmark. Taking into account the characteristics of changes in electricity and diese prices across different regions, we analysed future changes in the Company's earnings before interest, taxes, depreciation and amortization (EBITDA) at risk3, in order to quantify the potential financial impacts on us under climate scenarios arising from changes in energy prices.

Assessment of the Financial Impacts of Transition Risks

The financial impacts of energy price fluctuations under different climate scenarios are shown in the table4 below.

Risk Response Measures

To strengthen the management and control of transition risks represented by changes in energy prices, the Company will, in the future, mitigate the impacts of transition risks from the following aspects.

Develop diferentiated and refined regional energy management strategies

The Company will orderly advance the new energy substitution process, including the electrification of horizontal transportation equipment and mobile machinery within the port, such as container trucks and reach stackers. It will also deeply optimize the energy management system to reduce energy consumption per unit throughput through measures such as intelligent scheduling and shipping schedule optimization. In addition, it will proactively evaluate the economic feasibility of deploying distributed photovoltaic and energy storage systems in the port area to increase energy selfsufficiency and hedge against the risk of external electricity price fluctuations.

Broaden the perspective of risk management to address multidimensional transition risks

The Company will simultaneously pay attention to other potential transition risks such as technological risks and market risks, continuously improve our ESG performance, and effectively meet the preferences of shippers and shipping companies for green ports.

Continue improving the scenario analysis and quantitative assessment methodology for climate transition risks

The Company will continue improving the monitoring system for energy and carbon emissions data, regularly update the quantitative methodology for transition risks, and incorporate the effectiveness of management measures such as energy eficiency improvements and the application of new energy into the assessment, so that risk analysis can dynamically reflect the Company's actual conditions and provide continuous and precise support for decision making.

3 The specific meaning of EBITDA at Risk refers to the change in expected operating costs caused by energy price fluctuations under specific climate stress scenarios, relative to the baseline year. Changes in EBITDA at Risk indicate the variation in future EBITDA at Risk compared to the 2024 baseline period.

53 4 The values in the table are calculated based on theoretical models and do not account for factors such as improvements in operational eficiency and energy eficiency technological advancements. Through various comprehensive measures, the Company can further reduce the expected financial impact of transition risk

Implementing Climate Strategy

Guided by the 14th Five-Year Plan for Low-Carbon Special Strategy, the Company has defined overall and phased green and lowcarbon objectives for the 14th Five-Year Plan period and proposed the "5+2+2+1" Actions for Achieving Carbon Peak and Carbon Neutrality.

Special Low-Carbon Strategic Objectives and Action Plan for the 14th Five-Year Plan Period

Overall Goal

To build a world-leading green and smart comprehensive port service provider.

Phase Goal

• By 2025, significant synergistic effects in pollution reduction and carbon emission reduction will be achieved. The energy structure will continue to optimize, green energy supply scenarios will become more diversified, transportation structure adjustments will accelerate, green investment philosophy will take shape, and the management system and mechanisms will be continuously improved.

• By 2028, GHG emissions, primarily carbon dioxide, will peak.

• By 2030, a green and low-carbon operational system for ports and industrial parks will be essentially formed with a significant improvement in intelligent management capabilities. Additionally, the green investmen philosophy will basically take shape.

• By 2060, GHG emissions, primarily carbon dioxide, will be neutralized.

"5+2+2+1" Actions for Achieving Carbon Peak and Carbon Neutrality

• 5 internal carbon reduction actions: Coordinating the promotion of green energy supply, comprehensively advancing clean energy consumption, vigorously improving equipment energy efficiency, coordinating the promotion of intelligent operation control, and continuously optimizing the green port structure

• 2 social service actions: Deeply optimizing the green transportation structure and promoting the synergistic effects of pollution reduction and carbon emission reduction.

• 2 low-carbon management actions: Continuously improving ecological carbon sequestration capacity and strengthening carbon emissions and carbon asset management.

• 1 green investment action: Scientifically planning investments in ports and industrial parks.

Managing Climate Risks

The Company integrates climate change risks into enterprise risk management, and regularly organizes risk assessment activities every year. The assessment scope covers all departments at our headquarters and our subsidiaries. Adhering to the principles of authenticity and objectivity, CMPort focuses on assessing risks that could affect annual business goals, identifying major risks such as climate change that the Company faces, and providing decision-making references for the Company's risk management efforts. In 2025, the Company included climate risks in the basic risk pool for the annual Top 10 Risk Assessment, and organize the identification and assessment of climate risks. Meanwhile, the Company continued to optimize its climate scenario analysis methodology, enhancing the accuracy and depth of its assessment of the financial impacts of climate risks on the Company. In terms of physical risks, we mainly conducted a quantitative analysis of the financial impacts of typhoons on us under different climate scenarios. In terms of transition risks, we, in light of our actual circumstances, mainly analysed the financial impacts of energy price fluctuations on us under different policy scenarios.

Total Emissions (10,000 tons of CO2)

Implementing Climate Targets

In alignment with the national goal of carbon peak by 2030 and carbon neutrality by 2060, the Company has set a carbon peak target of 577,500 tCO emissions by 2028 and aims to achieve carbon neutrality by 2060. It has established a responsibility mechanism for the decomposition and implementation of climate change response goals, and formulated climate-related indicators, targets, and transformation plans to accelerate the realization of net-zero emissions. During the Reporting Period, the Company released Environmental Management Objective Plan (2025-2027), further clarifying the GHG emission intensity target fo the next 3 years.

Accelerating Climate Action

The Company actively responds to climate change and accelerates climate action. On the one hand, the Company adapts to the impacts of climate change, develops contingency plans for various extreme weather events, and regularly conducts emergency drills. On the other hand, the Company mitigates climate change through the use of green electricity, energy conservation and carbon reduction, and technology empowerment, and works with upstream and downstream partners across the industrial chain to advance the achievement of the "dual-carbon" goals through pragmatic actions.

Climate Change Adaptation

The Company has developed an action plan for tackling climate change, and conducts emergency drills to better adapt to th impacts of common physical risks associated with climate change. In 2025, the Company strictly implemented disaster reduction and relief requirements and successfully dealt with 14 typhoons without any casualties or significant property damage.

Zhanjiang Port Strengthens the Safety Defence Line for Typhoon and Flood Prevention to Ensure Port Safety

To address the severe impact caused by the landfall of Super Typhoon "Gasha", Zhanjiang Port fully activated its typhoon prevention emergency response in advance. Zhanjiang Port strengthened the organization of vessel operations, safely and efficiently completing rush loading and unloading tasks for key vessels. It made every effort to ensure the safety of cargo at the port, dynamically adjusted logistics plans, fully implemented windproof and waterproof measures, and refined stockpiling management. Additionally, it

comprehensively reinforced facilities to enhance wind and flood resistance capabilities, and organized the anchoring and windproof reinforcement of large port machinery and equipment. It focused on strengthening tarpaulin covering, lashing, and reinforcement for cargo susceptible to moisture and flooding. It also conducted a comprehensive inspection of key areas, including hazardous goods storage tanks, container stacking, and warehouse doors and windows, to ensure unimpeded drainage systems and strictly prevent internal waterlogging. With solid and effective measures and a rigorous work style, Zhanjiang Port strictly implemented requirements for typhoon prevention and flood control, and successfully withstood this typhoon. 1

CICT Improves Emergency Contingency Plans for Extreme Weather Conditions

In 2025, in response to frequent extreme weather in Sri Lanka, CICT continued to improve its emergency contingency plans, revised and enhanced the Extreme Weather Prevention Plan, and promoted the implementation of relevant gust prevention measures. In late November 2025, the extreme tropical cyclone Ditwah passed through and struck the entirety of Sri Lanka. Based on the existing wind prevention plan, CICT provided precise guidance, ensuring that there were no personal safety accidents or container drops during the cyclone's impact.

Key Performance

Expenditure on preventing damage from extreme weather 5:

_RMB12,118,100

Expenditure on responding to extreme weather6:

_RMB12,165,900

5 The expenditures for preventing damage from extreme weather include property insurance expenses incurred by subsidiaries for insurance claim paid due to extreme weather during the year.

6 The expenditures for dealing with extreme weather = The expenditures for preventing extreme weather + The repair expenditures due to extreme weather (excluding insurance compensation) + The compensation amount for customer goods damaged due to extreme weather (excluding insurance compensation)

Climate Change Mitigation

The Company adheres to green and low-carbon development. Centring on the "dual-carbon" goals, it systematically advances a range of key tasks such as optimizing the energy structure and applying green technologies, achieving significant results. In 2025, the Company invested a total of RMB 135.62 million in energy conservation and environmental protection, promoting the implementation of 29 key green and low-carbon projects.

Optimizing the Energy Use Mix

The Company continues to optimize its energy structure, increases the proportion of clean energy use, accelerates the replacement of equipment with electric alternatives, and strengthens port-shipping collaboration to reduce carbon emissions.

Increasing the Proportion of Clean Energy Use

In 2025, the Company's clean energy consumption increased by 4.87% year on year. The Company added 3.5 MW of distributed photovoltaic capacity, with 8.3 MW under construction. Total installed capacity reached 25.5 MW, reducing carbon dioxide emissions by approximately 10,000 tons per year. Meanwhile, during the reporting year, the Company promoted TCP's procurement of over 100 million kWh of green electricity and obtained International Renewable Energy Certificate (I-REC) certification.

The Company strengthened ECM development and continued to improve the system management indicators, thereby enhancing management efficiency. In 2025, we newly completed remote energy consumption access for 15 single-meter user units and added functions such as data drill-down analysis, monitoring and early warning, and language switching, improving energy data management and analysis to support energy-use decision-making.

TCP has fully adopted I-REC-certified green electricity, advancing increased output without increased carbon emissions, and has become a pioneer among green ports in South America.

Accelerating the Replacement of Equipment with Electric Alternatives

The Company continues to advance the implementation of the "Oil-to-Electricity" project. In 2025, we added more than 340 new electrified units of equipment, and the electrification rate of mobile machinery reached 27%. Among them, the shares of new energy container trucks at CICT, China Merchants Port (South China) Management Center, and HIPG were 76%, 58%, and 54%, respectively. Meanwhile, the Company completed the construction of 4 intelligent battery swap stations and deployed charging piles at Zhanjiang Port, Zhangzhou Port, and CICT.

Strengthening Port-shipping Collaboration to Reduce Carbon Emissions

The Company actively responds to customers' needs for energy conservation and carbon reduction, accelerates the development of green infrastructure, and provides refuelling services for multiple types of clean fuels. In 2025, more than 30 sets of shore power facilities were installed cumulatively in China, serving 2,142 vessel calls, supplying power for 26,800 hours, and delivering 16.25 million kWh of electricity, with significant effects in emission and carbon reduction; China Merchants Port (South China) Management Center achieved LNG ship-to-ship bunkering for the first time, while simultaneously advancing green methano bunkering services.

Key Performance

_Investment _energy _power _generation _facilities: _RMB1.0687 million _Investment _{"Oil-to-Electricity"} _project: _RMB13,205,400 _Reduction _energy _expenditures _resulting _use _energy: _RMB1,153,000

Increasing the Application of Energy Conservation and Low-carbon Technologies

Green Technology R&D and Application

In 2025, the utilization rate of our potential energy recovery technology for large-scale port equipment exceeded 60%. The Company actively carried out R&D on potential energy recovery technology for port hoisting operations. The research on achieving efficient recovery and utilization of crane potential energy through carbon-based capacitor energy storage technology passed review and appraisal by professional institutions. This technology is both technically feasible and economically viable, and is suitable for energy-saving retrofits for large-scale crane fleets. The Company implemented the permanent magnet motor project for grain operations at the Mayong Silo of the China Merchants Port (South China) Bulk Cargo Management Center and Zhanjiang Port. At the same time, the Company strengthened the application of green and smart lighting technologies at ports. In 2025, China Merchants Port (South China) Management Center, Shantou Port, Zhanjiang Port, and others completed the green replacement task for 1,559 lighting fixtures, including 50 replaced with photovoltaic lighting fixtures.

Smart Port Development Helps Reduce Carbon Emissions

The Company accelerated the development of smart ports, empowering the green and low-carbon transformation of ports through technology. The Company built and upgraded the CMCore and CM ePort platforms. By integrating technologies such as artificial intelligence, 5G, blockchain, and satellite navigation, we applied unmanned container truck intelligent scheduling,

remote control of quay cranes, yard crane automation, gate automation, and scenario visualization to port-area operational scenarios. This improved service quality and efficiency, reduced operational energy consumption, and supported the development of green and smart ports. In 2025, the pilot project for building a strong transportation nation for Mawan Smart Port, Container Terminal Intelligent Upgrade and Renovation, successfully passed acceptance inspection, effectively playing a pioneering, driving, and demonstration-leading role. Three remotely controlled automated quay cranes at Zhanjiang Port were successfully put into operation, continuously enhancing service efficiency.

Key Performance

Improving Environmental Management

The Company strictly complies with environmental-related laws and regulations, steadily advances the campaign to fight pollution prevention and control, and effectively prevents and mitigates major environmental protection risks. In 2025, the Company had no major sudden environmental incidents, no violations or non-compliance related to energy conservation and environmenta protection, and no administrative penalty incidents.

Environmental Compliance Management

Governance

The Company established a leading group for energy conservation and environmental protection work to coordinate and take overall responsibility for matters related to energy conservation and environmental protection. For details, please refer to the section "Strengthening Environmental Governance" in this chapter.

The Company strictly complies with the laws and regulations of the jurisdictions where we operate, with no major environmental non-compliance incidents. We strictly control pollutant emission and minimized, to the greatest extent possible, the disturbance to the environment caused by our business activities.

Impact, Risks and Opportunities

The Company regularly carries out inspections and rectification of potential environmental risk hazards, organizes special inspections on energy conservation and environmental protection, and proactively conducts emergency drills to enhance environmental awareness among all employees. We continue to advance environmental risk assessment and control efforts. For details, please refer to the sections "Strengthening Environmental Management" and "Reducing Pollution Emissions" in this chapter.

Indicators and Targets

(1) Directly resulting in poisoning or serious injury to 1 to 2 persons due to environmental pollution;

(2) Requiring the evacuation or relocation of 200 to fewer than 1,000 persons due to environmental pollution;

(3) Involving a vessel oil spill of 1 ton or more but less than 5 tons causing pollution of the aquatic environment;

(4) Where pollution of waters caused by vessels results in direct economic losses of RMB 2 million or more but less than RMB 5 million at sea, or wher

environmental pollution caused by other reasons results in direct economic losses of RMB 1 million or more but less than RMB 2 million.

Strengthening Environmental Governance

The Leading Group for Energy Conservation and Environmental Protection is set up to take full charge of the energy conservation and environmental protection work, with CEO as the head, General Manager as the deputy head, and principal leaders of the headquarters and subsidiaries as its members. The responsibilities of the Leading Group include: responsible for overall energy conservation and environmental protection; implementing applicable laws, regulations, policies, and standards; establishing a sound energy conservation and environmental protection management system and policies; coordinating, planning and establishing a sound, scientific and standardized organizational structure for energy conservation and environmental protection, and mechanisms for statistical monitoring, performance evaluation, and incentives and punishments; effectively fulfilling corporate social responsibilities; deploying energy conservation and environmental protection work and formulating opinions and deliberating major issues related to energy conservation and environmental protection.

Subsidiaries at all levels have also set up their own leading group for energy conservation and environmental protection, energy management department and environmental management department, as required, and appointed energy management and environmental management personnel as required. Active efforts are being made to develop relevant policies.

Deepening Environmental Protection Mechanisms

In 2025, the Company publicly released Environmental Management Objectives Plan (2025-2027), proposing three-year environmental management objectives, monitoring indicators, and pathways to achieve the objectives covering six major topics: climate change, pollutant emissions, waste disposal, energy utilization, water utilization, and the circular economy, and is committed to advancing the development of a green and eco-friendly port. The Company has issued systems such as the Ecologica and Environmental Protection Responsibility List and the Regulations on Energy Conservation and Environmental Protection During the year, the Company completed the revision and issuance of Administrative Measures for Statistics and Monitoring Management of Energy Consumption and Carbon Emissions, strengthening the foundation for energy and carbon emissions data governance. The Company strengthened the development of environmental protection systems. Subsidiaries newly formulated 6 relevant systems and newly revised 33 relevant systems.

CMPort has formulated the Administration Measures on the Administration Measures on Ener Conservation and Environmental . As required, the headquarters has signed Energy Conservation and Environmenta Management Targets Responsibility Letter with each subsidiary, clearly stating control indicators for energy conservation and environmental events, management indicators, quantitative assessment indicators for carbon emissions, assessment indicators for key projects related to green development, and assessment indicators for carbon peak and carbon neutrality projects Important indicators are included in the performance agreements of key personnel in respective positions. The annual energy conservation and environmental performance assessment results of each subsidiary are directly correlated to the performance assessment results of the responsible individuals. In 2025, in alignment with the Company's Environmental Mana emen Objective Plan, we further refined the 2025 Energy Conservation and Environmental Protection Performance Target Responsibility , promoted its signing by the Company's CEO and the responsible persons of subsidiaries, and strengthened the primary responsibility for energy conservation and environmental protection at all levels.

Shantou Port Guang'ao Port Area Has Passed the Four-star Green Port Assessment

Since March 2022, Shantou Port, in accordance with the unified arrangements of CMPort, has prepared Green and Low , and established the Leading Group for Green Port Construction and Dual-Carbon Work in October 2022, releasing a dedicated work plan to systematically advance green port construction. By vigorously promoting a series of energy conservation and carbon reduction technology projects, including "Oil-to Electricity" automated container yards, high- and low-voltage shore power systems, smart energy management systems, intelligent battery swapping stations, and photovoltaic power generation, the Guang'ao Port Area has achieved substantive progress in reducing production energy consumption, cutting carbon dioxide emissions, and lowering environmental impacts. In June 2024, the Company formally submitted its application materials for a four-star green port to the China Ports & Harbors Association. After multiple rounds of document review and improvement, and upon passing the on-site assessment, it ultimately gained recognition from the review panel during the experts' on-site evaluation in August 2025, supported by a clear green development pathway and solid construction outcomes. In November 2025, the Shantou Port Guang'ao Port Area obtained the "Four-star Green Port" certificate

Strengthening Environmental Management

Assessing and Controlling Environmental Risk

In 2025, the Company comprehensively carried out the annual inspection and remediation of potential risks and hidden hazards, strengthening the control of risks and hidden hazards at the source. In terms of inspection and rectification, all subsidiaries identified 780 potential issues and hidden hazards, with a rectification rate of 98.97%. The Company actively carried out emergency drills. All subsidiaries organized 284 environmental emergency drills, with a total of 5,294 participants, effectively enhancing capabilities in responding to and handling environmental emergencies

Establishing an Environmental Management System

In accordance with the objective of achieving full coverage of energy and environmental management system certifications for port enterprises, the Company has actively encouraged our subsidiary port enterprises to carry out dual management system certification. Five additional terminals obtained ISO 14001 environmental management system certification during the year. At present, a total of 21 terminal companies have obtained ISO 14001 environmental management system certification, achieving 100% coverage of domestic terminals.

Conducting Environmental Management Training

The Company proactively takes the responsibility for environmental management, placing significant emphasis on interna environmental management training and environmental risk assessment and control. Through the establishment of a systematic and institutionalized practice framework, it has successfully transitioned environmental protection efforts from a "passive response" to a "proactive prevention and control". In 2025, all subsidiaries organized 810 energy conservation and environmenta protection training sessions, with a total of 15,236 participants, enhancing company-wide awareness of energy conservation and environmental protection.

China Merchants Port (South China) Bulk Cargo Management Center Conducts Extensive Environmental Training

China Merchants Port (South China) Bulk Cargo Management Center carried out extensive environmental protection publicity and training in 2025, including publicity and education activities on energy conservation and carbon reduction, training on the development of specialized energy and environmental management systems, and specialized training on compliant pollutant discharges. During National Energy Conservation Publicity Week and National Low-Carbon Day, the

energy conservation and environmental protection leading group and working group members of China Merchants Port (South China) Bulk Cargo Management Center used departmental meetings, weekly meetings, team meetings, and other time slots to organize publicity and training activities for departmental employees, enhancing all employees' awareness of energy conservation and carbon reduction, with a total of more than 300 participations.

Reducing Pollution Emissions

The Company adheres to an environmentally friendly development model and strictly complies with national laws and regulation related to pollutant emissions. We have thoroughly implemented green port construction, reduced pollutant emissions, and increased the recycling and reuse rate of waste. The Company phased out high-pollution, low-efficiency equipment in an orderl manner. For ports adjacent to residential areas, we addressed noise and dust issues at the source, upgraded sound insulation and dust suppression facilities, improved community communication mechanisms, regularly provided updates on progress, and promptly responded to stakeholder requests.

Pollutant Emissions

Indicators and Targets

Air Pollutant Management

CMPort strictly controls exhaust gas emissions in accordance with the Law ofthe People 's Republic ofChina on the Prevention and to ensure compliance with national requirements. Domestic units comply with the emission limits stipulated in local Air Pollutant Emission Standards and Air Pollutant Emission Standards for Oil Storage Terminals, while overseas units comply with the emission requirements of the respective countries or regions.

The Company adopts environmental dust suppression processes and facilities. It prioritized the use of closed transport processes, equipped with windbreak dust suppression walls, automatic spraying systems, and dry mist dust suppression systems for unloading ships. Measures, such as full covering of dust-prone bulk cargo piles, as well as the effective operation of fog cannons, spray towers, water trucks, and automatic wheel washing devices, were implemented.

In 2025, our subsidiaries had constructed windbreak and dust suppression nets totalling 117,000 square meters, stockyard baffles or perimeter walls totalling 22,300 meters, belt material conveying systems totalling 64,000 meters, shelter forests totalling 175,000 square meters, more than 200 sets of sprinkling and misting facilities, and more than 50 sets of washing facilities.

Key Performance

Sulpfur dioxide emissions 328.9 _kg

Volatile organic compounds emissions 93,206.10

Nitrogen oxides emissions 59,398.40 _kg

Wastewater Discharge Management

CMPort strictly adheres to the Law ofthe Peo le's Re ublic ofChina on the Prevention and Control and continuously optimizes wastewater treatment methods to steadily reduce pollution discharge. Domestic subsidiaries comply with local Water Pollutant Emission Standards and Urban Reclaimed Water Ouality Standards for Urban Non-potable Use and other emissior limit requirements, entrusting qualified organizations to regularly monitor water quality. Overseas subsidiaries strictly adhere to the emission requirements of their respective countries or regions. The Company uses water-saving devices to reduce wastewater generation, builds wastewater collection and treatment facilities to process wastewater, and performs maintenance, upkeep, and cleaning of these facilities as required. The treated effluent is monitored, and only when it meets standards is it either discharged or recycled.

Key Performance

Wastewater recycled 727,000 _tons

The Company newly formulated the Measures for Water Resource Control and Water Pollution , to control production wastewater, domestic wastewater, and initial rainwater, and to conduct supervision, inspection, and assessment of water resource control and water pollution prevention and control efforts at its subsidiaries. In 2025, our subsidiaries had built 44 wastewater treatment stations and ensured their effective operation, achieving wastewater recycling volume of 727,000 tons, with a water reuse rate reaching 16%.

Wastewater reduced 377,800 _tons

Waste Management

Hazardous Waste Management

CMPort strictly complies with the relevant provisions of the Law ofthe People 's Republic ofChina on the Prevention and Control , improves its hazardous waste management system, and enhances the monitoring and management of the hazardous waste treatment process. Subsidiaries have set up designated hazardous waste storage areas in accordance with local requirements, label, classify the hazardous waste for storage, and regularly entrust qualified organization through government platforms for legal disposal.

Domestic subsidiaries identify the types of hazardous waste generated by their respective units in accordance with the 2025 . In conjunction with the requirements of the (GB 18597-2023) and the (HJ1276-2022), they continuously update the Ledger for Strengthened Hazardous Waste Storage Management, formulate an annual hazardou waste management plan, and submit it for filing with the hazardous waste management platform. In 2025, the Company generated 886.52 tons of hazardous waste, which was properly disposed of in compliance with regulations by qualified third parties.

In 2025, the Company's subsidiaries had constructed 43 general industrial solid waste storage facilities and 44 hazardous waste storage facilities, ensuring the compliant temporary storage of solid and hazardous wastes. China Merchants Port (South China) Management Center and China Merchants Port (South China) Bulk Cargo Management Center co-invested over RMB 3.20 million to establish a joint prevention and response system for preventing ships from polluting the marine environment, significantly enhancing oil spill response capabilities. The oil and gas recovery and treatment systems for the railway and truck loading facilities and the 10,000-ton-class loading berth that have been built at Zhanjiang Petrochemical operated effectively.

Key Performance

Hazardous waste recycling rate 100_%

General Waste Management

CMPort reduces waste generation at the source and improves waste recycling rates through reuse, recycling, and paid disposal methods, while ensuring intensive production. Used tires are refurbished for reuse or repurposed as padding materials, and discarded steel wire ropes are selectively utilized in the production of other lifting machinery or cargo handling gear. Non-reusable waste is transported to authorized local landfill or incineration facilities for treatment.

In 2025, the Company generated 11,619.36 tons of general solid waste, with a comprehensive utilization rate of 43%. Domestic subsidiaries report their general solid waste on government platforms annually and entrust qualified third parties for recycling and disposal. The solid waste recycling and disposal of overseas subsidiaries comply with the requirements of the respective countries or regions.

Key Performance

Reduction of general solid waste 2,176.97 _tons

Total circular utilization of general solid waste 5,000.27 _tons

Noise Management

Domestic subsidiaries of the Company implement the Emission Standard for Industrial , while overseas subsidiaries follow local standards. Measures are taken to reduce noise, including noise-reduction modifications to equipment, the construction of sound barriers, speed restrictions on vehicles in port areas, control of vehicle, loading and unloading equipment, and ship horn use in port areas, as well as the rational scheduling of vessel arrival and departure times and loading and unloading operations to effectively control noise generation. Subsidiaries commission testing agencies to regularly monitor noise levels in port areas to ensure compliance with noise emission standards. In 2025, subsidiaries have installed 12 noise monitoring devices to continuously monitor decibel levels, ensuring that noise emissions meet the required standards.

Key Performance

Noise emission compliance rate 100_%

Enhancing Resource Utilization

The Company actively practices the concept of a circular economy, adhering to the efficient use of natural resources. Centring on the reduction, reuse and recycling of resource usage, it achieves a coordinated improvement in economic benefits and environmental benefits.

Strengthening Energy Efficiency Management

Energy Utilization

Indicators and Targets

Strengthening the Energy Management Structure

The Leading Group for Energy Conservation and Environmental Protection is set up to take full charge of the energy management work, with CEO as the head, General Manager as the deputy head, and principal leaders of the headquarters and subsidiaries as its members. Subsidiaries at all levels have also set up their own leading group for energy conservation and environmental protection, energy management department, as required, and appointed energy management personnel as required. Active efforts are being made to develop relevant policies.

Establishing an Energy Management System

The Company strictly complies with the Ener Conservation Law ofthe Peo le 's Re ublic of China and, based on actua conditions, has formulated rules and regulations such as the Regulations on Energy Conservation and Environmental Protection, the Administrative Measures on Statistic Monitoring for Energy Consumption and Carbon Emissions, and the Administration . This year, the Company completed the revision and release of Administrative Measures for Statistics and Monitoring Management of Energy Consumption and Carbon Emissions, strengthening the foundation for energy and carbon emissions data governance.

In 2025, 4 additional terminals obtained ISO 50001 energy management system certification. As of the end of 2025, the Company had a total of 19 terminals that completed ISO 50001 energy management system certification, achieving 100% coverage of terminals within the Chinese mainland

Certification Type ISO 50001 Energy Management System Certification

Strengthening Energy Management Measures

The Company has scientifically formulated energy metering management objectives, continued to expand the application of new energy-saving technologies and products, prioritized the use of environmental-friendly and energy-saving equipment, actively promoted the "Oil-to-Electricity" project, and effectively improved energy utilization efficiency and reduced fuel consumption.

Based on our business development strategy and characteristics, the Company identifies and screens risks and opportunities related to energy management through extensive industry research and stakeholder communication, assessing them across multiple dimensions, including the degree of impact and the time horizon of the impact.

The Company encourages employees to take energy conservation and carbon reduction actions and provides incentives in various forms. In 2025, in the outstanding individual selection of China Merchants Port (South China) Management Center, the Company established the Energy Conservation and Environmental Protection Star award to incentivize employees to actively participate in energy-saving and carbon-reduction actions. Zhanjiang Port established cost control awards. Energy conservation and carbon reduction projects with significant cost-effectiveness will receive awards. Meanwhile, a General Manager Incentive Fund

was established to reward energy conservation and carbon reduction initiatives by grassroots units and employees with remarkable results. China Merchants Port (South China) Bulk Cargo Management Center has established an incentive fund for special performance assessment on energy consumption, to encourage energy consumption control actions across all departments. HIPG sets up monthly energy conservation and carbon reduction rewards, providing timely incentives to employees who have made contributions to energy conservation and carbon reduction.

Key Performance

Clean energy consumption

120,190.38_MWh ₈

Number of newly added subsidiaries that completed ISO 50001 energy management system certification 4

Optimizing Water Resource Management

Water Utilization

The Company's Safety Supervision Management Department is responsible for supervising, inspecting, and assessing the wate resources (including wastewater) control and water pollution prevention and control work of its subsidiaries. Relevant department of the Company, in accordance with laws and regulations related to ecological and environmental protection and the requirement of dual responsibilities for one position, are responsible for water resources control and water pollution prevention and contro management within their scope of duties. Our subsidiaries are responsible for the management and control of water resources and wastewater (including rainwater and sewage) pollutants, as well as the collection and temporary storage of sewage within thei jurisdictions. They can independently sign an agreement with the port-area wastewater treatment entity for sewage conveyance and disposal. They are responsible for establishing water pollution prevention and control files and filing them with the Company's supervisory department. They are also responsible for conducting daily inspections of seawater sensory indicators at the assigned berth(s) and reporting any abnormalities.

8 The clean energy consumption includes subsidiary's green electricity purchases and photovoltaic power generation usage by subsidiaries

The Company has newly formulated the Measures for Water Resource Control and Water Pollution Prevention and Contro , requiring its subsidiaries to scientifically manage and control the entire process of water resource development, utilization, and protection, and to implement unified management. The Company strengthened water conservation and scientific utilization, improved the reuse rate of water, and vigorously promoted the circular utilization of reclaimed water resources.

CMPort monitors the new water usage and recycled water usage of its subsidiaries on a monthly basis, and advocates the construction of water recycling systems and wastewater treatment systems to promote the conservation and utilization of wate resources.

Case

CMITQ Promotes Water-saving Facilities

CMITQ promoted water-saving facilities and equipment, uniformly replacing water-saving faucets and sensor flushers in restrooms across office areas and warehouse areas, and phasing out traditional high water-consuming sanitary fixtures. The warehouse-area fire protection system adopted a circulating constant-pressure water supply device, with regular inspections of pipeline network valves and timely repairs to eliminate running, bubbling, dripping, and leakage. The fire water tank was equipped with a water level monitor, and unauthorized water discharge was strictly prohibited under non-emergency conditions.

Case Zhanjiang Port Introduces Smart Water Meter Supports Water Savings of 700,000 Tons

To enhance water usage monitoring, Zhanjiang Port has piloted the replacement of conventional water meters with real-time data collection smart water meters. The port has also developed a smart water meter app to monitor water usage data and issue anomaly alerts. Based on these alerts, water usage units can strengthen pipeline inspections, leak detection, and emergency repairs, improving the timeliness of leak detection and treatment while reducing water loss. In 2025, Zhanjiang Port saved more than 700,000 tons of water.

Case

NPH Upgrades Water Purification Facilities to Improve Water Utilization Efficiency

Due to the relatively severe water pollution in the area where the NPH project is located, and out of consideration for safeguarding employee health, the Company has stopped purchasing bottled drinking water for employees' dail consumption. As a replacement for the original bottled water supply solution, the Company introduced reverse osmosis (RO) water purification equipment and directly connected it to drinking water dispensers to enable an immediate supply of purified water. The RO equipment has a water production rate of 30%, meaning that 30% is purified water that can be consumed directly, while 70% is filtered wastewater. The Company achieved reuse of this filtered wastewater by collecting all of it and using it as cleaning water for needs such as daily cleaning, religious rituals, and irrigation of plants in the park, thereby realizing circular use of water resources.

Key Performance

Water savings 910,314.75 _tons

Recycled water usage 727,000 _tons

Practicing Circular Economy

Circular Economy

Paperless Office

CMPort continues to promote a paperless office, encouraging the use of the Office Automation (OA) system for document processing and promoting paperless services in the port area's operational scenes to reduce paper consumption.

Case

Launch of the First Order on the CM ePort Import Electronic Delivery Order Exchange Platform

In June 2025, the CM ePort import electronic delivery order exchange platform was officially launched. CMPort worked closely with partners including CMES Shipping and Sinotrans to complete the first transaction of paperless delivery orde exchange and electronic cargo release for shipping trade imports at Shekou Port. CM ePort broke down data barrier with platforms including the BRITC eBL Platform, the IQAX eBL Platform, and the Sinotrans system, providing a solution centred on secure mutual trust and efficient circulation of shipping trade documents across borders and organizations This empowered the full-process paperless and automated import bill of lading exchange and port cargo pickup for port of-entry import business, marking a critical step forward in CMPort's smart logistics ecosystem.

Waste Resource Recovery

The Company supports the recycling and reuse of waste, reduces waste emissions, and encourages improvements in the comprehensive utilization rate of waste.

China Merchants Port (South China) Bulk Cargo Management Center Advocates Waste Resource Recycling and Reuse

The relevant port areas under the China Merchants Port (South China) Bulk Cargo Management Center actively advances the resource utilization of waste materials by using waste engine oil for equipment maintenance and lubrication, using scrap steel wire ropes to secure the ends of new steel wire ropes, and cooperating with resource recycling companies to carry out secondary recycling of general solid waste such as steel wire ropes.

Reduction of Plastic Usage

By internal publicity, the Company raised the employees' awareness about the environmental and biological harm caused by plastics, and advocated for reduced or no use of plastic products, and the reuse of plastic items such as document bags and trash bins.

Case Qianhaiwan Property Encourages Reduced Use of Plastic Products

Qianhaiwan Property advocates reducing the use of disposable items, requiring employees to use ceramic cups or bring their own water cups at meetings, and to reuse plastic products such as document sleeves. Qianhaiwan Property has set up classified waste bins in public service areas, and has recyclable waste professionally sorted and processed for resource recovery. 1

Advocating Resource Conservation

CMPort advocates the corporate philosophy of "Harmonious Coexistence, Green and Low Carbon Development, Recycling and Sustainability", with the aim to conserve resources, reduce waste and build a shared future.

Strengthening Ecological Protection

CMPort actively protects biodiversity and prevents environmental pollution, aiming to minimize or eliminate any disturbance to the ecological environment caused by its operations in the long run, and achieve harmonious coexistence between ports and nature. The Company released its TNFD report for the first time, systematically disclosing the identification and assessment of nature related risks and opportunities, and summarizing the financial impacts of nature-related risks and opportunities. For details, please refer to the 2025 Nature-Related Financial Disclosures published on the Company's official website

Strengthening Ecological Governance

The Company has established a three-level ESG governance structure with linkage among the Decision-making Level, Management Level, and Execution Level, and has clearly defined the respective functions and responsibilities at each level to ensure unified leadership, decision-making, and implementation of all sustainability-related work. To strengthen ecosystem and biodiversit conservation, in 2025 the Company further clarified the responsibilities for managing nature-related issues at each level of the ESG governance structure.

Organization Structure

Responsibilities

The Board of Directors is the highest supervisory and decision-making body for nature-related issues. It oversees the assessment of impact, risks and opportunities associated with the management of nature-related issues, and incorporates sustainability-related impact, risks and opportunities into considerations for the Company's development strategy, business strategy, major transaction decisions, and risk management. It regularly hears reports on the management of nature-related issues from the Strategy and Sustainability Committee, ensuring that management strategies are effectively implemented.

The Strategy and Sustainability Committee is a professional committee under the Board of Directors. It supervises, reviews, decides on, and guides our strategies, targets, and action plans for managing nature-related issues. The Committee reviews the annual assessment of impact, risks and opportunities related to naturerelated issues, reports annually material related impact, risks and opportunities to the Board of Directors, and oversees the implementation of nature-related issue management efforts

The ESG Leadership Team is responsible for organizing and leading the formulation of a management strategy for nature-related issues, and for guiding the management and practices for key topics such as ecosystems and biodiversity. The Group organizes reviews of development trends in nature-related issues, and identifies, assesses, and consolidates impact, risks and opportunities related to sustainable development.

The ESG Working Team, as the primary executing, coordinating, and advancing body responsible for ensuring the effective communication and implementation of ESG work, is responsible for clarifying the roles and responsibilities for managing nature-related topics, formulating nature-related management objectives, planning execution work, and promoting the effective implementation of nature-related topics management.

All departments at headquarters participate in formulating nature-related management objectives, regularly assess nature-related impact, risks and opportunities, identify material impact, risks and opportunities, plan annual routine work and public welfare projects, and drive subsidiaries to implement them.

Subsidiaries, in accordance with the Headquarters' requirements under the nature-related issues management plan, assess and identify nature-related impact, risks and opportunities; establish a nature-related topics management system; implement initiatives related to ecosystem and biodiversity conservation; continuously advance public welfare initiatives for ecological conservation in their local areas; and continue to respond to the needs of internal and external stakeholders.

Implementing Ecological Strategies

In line with the UN Convention on Biological Diversity, the Kunming Declaration adopted at COP15, the Glasgow Leaders at the UN Climate Conference in Glasgow (COP26), and the general requirements outlined in the Opinions on Further Strengthening Biodiversity Conservation jointly issued by the General Office of the CPC Central Committee and General Office of the State Council, the Company is dedicated to developing green and ecological ports. It engages in responsible business practices and ecological conservation activities, with a commitment to becoming a model for ecosystem and biodiversity conservation in the port industry.

In 2024, the Company issued the Biodiversit and Zero Deforestation Polic Statement and made the following commitments:

•The Company will comply with biodiversity and zero deforestation-related laws and regulations in the countries and regions where it operates, ensuring legal and compliant operations;

•The Company will not conduct production and business activities within ecologically sensitive areas, such as nature reserves, marine key ecological function zones, or ecological protection red lines, designated by international organizations or the countries and regions where it operates;

•The Company will avoid activities that harm the ecological environment and have a negative impact on local biodiversity; •The Company will protect and restore environmental areas affected by port activities, taking necessary measures to minimize the negative impact of port and logistics park activities on the ecological environment;

•The Company's operations will not involve deforestation and illegal development in forest protection areas designated by the countries and regions in which it operates, and will actively participate in tree planting and support forest restoration activities.

To fulfil the above commitments, the Company, in light of its actual operations, developed an ecosystem and biodiversity conservation strategy and actively advanced its implementation.

The principles of avoidance, mitigation, compensation and protection were adopted to protect rare wild animals and plants and their natural habitats, specifically including:

During the site selection and construction plan development stages for new construction, renovation, and expansion projects, a comprehensive assessment of the potential impacts on the environment and local communities was conducted. Design and construction plans were prioritized to avoid causing local environmental disturbances, especially to avoid negative impacts on key areas for biodiversity conservation;

Biodiversity baseline surveys and assessments were conducted prior to the implementation of new construction, renovation, expansion, and acquisition projects. Operations were rationally scheduled, and waste generated from port operations, maintenance, development, and construction was properly managed. Strict emission treatment processes and policies were developed and implemented at all operational sites and the surrounding environment was monitored to ensure that construction and operational processes met ecologica protection requirements.

Ecological compensation measures such as habitat restoration and proliferation and release activity were scientifically carried out in the operation areas that have been disturbed, aiming to restore ecosystem functions. The Company continuously conducted surveys, monitoring, and assessments of the ecological conditions in the surrounding areas of the operational zones, and developed targeted management plans based on the survey results.

In addition, it supported local environmental protection initiatives, collaborated with environmental organizations and communities to address local environmental conflicts, enhanced ecosystem services, and focused on the survival of local endangered species and the protection of forest vegetation.

The Nature-based Solutions (NbS)9were integrated into biodiversity conservation to support ecological restoration, address climate change risks and achieve triple benefits across the economy, the environment, and society

In carrying out biodiversity initiatives, the Company comprehensively considered, through systematic solutions, the positive benefits of projects for climate change adaptation and mitigation, as well as for local community development.

Intensive land use reduced the disturbance to land.

The Company advanced the use of three-dimensional space, increased the greening area at its operating sites, and minimized impacts on natural land as much as possible. It carried out land restoration work tailored to local conditions, creating the foundational conditions for local biodiversity conservation.

The concept of biodiversity conservation and zero deforestation was actively promoted, and training activities on ecosystem and biodiversity conservation were carried out for both internal and external stakeholders

è The Company is committed to enhancing biodiversity conservation awareness and professional understanding among all employees, and we encourage labour subcontractors, suppliers, and other relevant stakeholders to assess and manage biodiversity risks arising from their business activities and adopt mitigation measures

The international exchanges and cooperation related to biodiversity conservation were strengthened.

The Company strengthened cooperation with environmental regulatory authorities in our operating locations, international organizations, public welfare organizations, or third-party professional research institutions to jointly carry out ecological protection initiatives.

Managing Risks and Opportunities

As an active participant in the development of the marine economy, the Company referenced the LEAP methodology and carried out management of nature-related dependencies, impact, risks and opportunities in four phases: Locate, Evaluate, Assess, and Prepare.

The Company regularly organizes risk assessment activities, covering the headquarters departments and subsidiaries. Based on the annual operational conditions, the assessments are conducted with a focus on real and objective risks, particularly those affecting the annual business goals. This includes identifying major risks in areas such as strategy, market, finance, law and compliance, operations, and ESG, providing decision-making references for the Company's risk management. The Company has incorporated nature-related risks into the Company's annual top 10 risk assessment process and established a normalized risk monitoring mechanism.

9 Nature-based Solutions (NbS) refer to the restoration and enhancement of ecosystem structure, function, processes, health, and services, thereb directly or indirectly sustaining biodiversity. This can be achieved by improving the health and integrity of species and their habitats through protection, conservation, management, and restoration actions, thereby directly sustaining biodiversity; it can also be achieved by adapting to and mitigating the impacts of climate change on species and habitats, thereby indirectly sustaining biodiversity and improving ecosystem quality and stability.

Achieving Ecological Goals

The Company has formulated sustainability-related goals and indicators for risk-concentrated areas, adopted an environmentall friendly business model, and remained committed to fulfilling corporate citizenship responsibilities.

Note: The target types include short-term (1 year), medium-term (1 to 5 years), and long-term (more than 5 years) targets.

The Company supports local public welfare initiatives for ecological and environmental protection and pays close attention to the survival of endangered animals. Our subsidiaries proactively strengthen cooperation with environmental regulatory authorities in their operating locations, international organizations, public welfare organizations, or third-party professional research institutions to jointly carry out ecological conservation work. HIPG actively promotes elephant conservation efforts. In collaboration with the local wildlife conservation association, we donated 16 rechargeable flashlights to support the association in conducting routine patrols, combating forest crimes, and driving away wild elephants. Under the framework of the Human-Elephant Peace Fund, we collaborate with organizations including the Wildlife and Nature Protection Society of Sri Lanka and the Elephant Transit Home of the Department of Wildlife Conservation to jointly carry out the Save Ali Pancha project, providing funding for baby elephan feeding and research on the impacts of antibiotics. TCP implemented 19 environmental monitoring programs, with a focus on protecting endangered species such as the La Plata dolphin and green sea turtle, while simultaneously monitoring physical environmental indicators including water quality, noise, and air quality. In 2025, TCP organized the "Environmental Kayaking" initiative, in which 73 volunteers removed approximately 1 ton of garbage from the Itiberê River; collaborated with Paraná State University to complete a technical report on port logistics decarbonization; and partnered with the Municipal Environmental Secretariat to plant over 600 native tree species

Zhanjiang Port Carries out 6 Rounds of Proliferation and Release Activity

To further strengthen the conservation of aquatic biological resources and restore the marine ecological environment, in accordance with the requirements of Notice ofthe General Office ofthe Ministry ofAgriculture and Rural Affairs on Further Clarifying Matters Related to the Protection and Compensation of Aquatic Biological Resources for Fishery-Related Construction Projects (N.B.Y. [2018] No. 50) and Reply Letter Providing Opinions of the Guangdong Provincial Department of Agriculture and Rural Affairs on the Implementation Plan for Stock Enhancement and Release for Phase I Expansion Project , Zhanjiang Port, the Phase I expansion project of the container terminal at Baoman Port Area, Zhanjiang Port carried out 6 batches of proliferation and release activity in the sea area near Zhanjiang Port. Under the guidance of the Zhanjiang Ocean and Fishery Bureau, Zhanjiang Port implemented proliferation and

release activity in the sea area of Zhanjiang Port on 6 occasions on 23 May, 30 May, 18 June, 30 June, 11 July and 18 July of 2025, for the Phase I expansion project of the container terminal at Baoman Port Area, Zhanjiang Port. A total of 33.40 million black seabream, 84.67 million kuruma prawns, 49.11 million blood cockles, 80.96 million Paphia undulata, and 0.26 million Chinese horseshoe crabs were released, effectively improving the marine ecological environment of Zhanjiang Port and protecting aquatic biodiversity.

Shantou Port New Construction Project Conducts Early Planning of an Ecological Restoration Compensation Plan

Shantou Port conducted a baseline survey of the marine biological ecological status and ecological follow-up monitoring before the implementation of Phase III of the Guang'ao Port Area project, comprehensively assessed the potential impacts of the project on the marine biological ecology during the construction and operation periods, and, based on the assessment results, developed the Implementation Plan for Ecological Protection and Restoration for Sea Area Use for Phase Ill of Shantou Port Guang'ao . We planned to invest more than RMB 20 million to support ecological restoration and compensation from three aspects: shoreline restoration, proliferation and release activity, and artificial reef deployment.

Case TCP Organizes the Public Welfare Project "Claws of Kaikala"

Piasagela Island is far from the urban area, and local residents mainly rely on boats for travel. Pets on the island generally lack standardized veterinary care, and medical expenses are high. After learning of the situation, TCP quickly mobilized resources to plan and implement the public welfare project "Claws of Kaikala", delivering professional pet medical services to residents' doorsteps through a pet medical clinic boat. Veterinarians brought testing and treatment equipment to conduct blood parasite tests for pets, administer rabies vaccines and multivalent vaccines, and prescribe medications and provide health guidance based on examination results.

HIPG Ecological Management Facilitates the Formation of a Micro-ecosystem of Artificial Coral Reefs

On 29 August 2025, HIPG released the findings of a baseline study completed in collaboration with the Ocean University of Sri Lanka. The study found that the artificial reef formed beneath the port breakwater has now become one of the most biodiverse coral reefs in southern Sri Lanka, providing habitat for more than 8 locally endemic fish species. Live coral coverage reached 35%, significantly exceeding the local average of below 20% for other coral reefs. The study noted that, compared with nearby natural reef areas, this site has higher diversity of reef-associated fish, and demonstrated that appropriate ecological management during port construction can facilitate the thriving development of artificial habitats. This achievement not only enhanced public awareness of the port's underwater ecology, but also provided a scientific basis for the port's future development of biodiversity conservation and ecotourism plans.

Case LCT's Mangrove Double Compensation Planting and Sea Turtle Conservation Program

To minimize the environmental impact of its terminal construction project, LCT committed to a double compensation planting program for mangrove areas removed due to engineering works, adopting the principle of "plant two for every one removed." To this end, LCT partnered with local environmental organizations to jointly cultivate mangrove seedlings and conducted continuous planting in suitable areas along multiple lakeshores.

To actively fulfill its ecological and environmental responsibilities, LCT has collaborated with professional partners since October 2012 to systematically carry out sea turtle conservation and rescue efforts along the Togolese coastline, with dedicated annual funding. The program includes raising and releasing juvenile turtles, regularly monitoring ecological changes in sea turtle habitats, and conducting rescue operations for adult turtles

Social Humanistic Care and Win-win Prosperity

CMPort consistently upholds the "Talent-driven, People-oriented" principle, creating a work environment that values equality, respect, diversity, and inclusivity and providing employees with a sound platform for career development. At the same time, CMPort actively assumes social responsibilities, fostering mutual development between the port areas and surrounding communities, and advancing industrial cooperation and communication. Through these efforts, CMPort has become a key participant in community development, a contributor to public welfare

Annual Highlights

Built a Mangrove Talent Habor and stepped up efforts to cultivate international talent

No major information security incidents

Conducted due diligence of human right risks for the first time

Achieved annual safety m a n a g e m e n t g o a l o f CMPort

Newly developed

B e n e fi c i a r i e s o f r u ra l revitalization and poverty alleviation reached 20,000 persons

Future Plans

Conduct due diligence of human right risks on a regular basis

Strengthen sustainable Enhance occupational health supply chain management and safety management of a n d p r o m o t e g r e e n contractors procurement

港航兴邦与生态文明的江海情怀

2025招商局C Blue优才计划启航班开班典礼 2025 China Merchants C Blue Training Program (Inception Session) Opening Ceremony

Caring for Employee Growth

At CMPort, the Company is dedicated to creating an equal, inclusive, and diverse workplace environment. We are committed to promoting diversity and integrating local talent with diverse backgrounds. In addition, the Company attaches great importance to and protect the basic rights and interests of employees, pay attention to the demands of employees, offer diversified feedback channels and communication platforms to employees, and continue to improve our employee development and training system, enabling employees and the Company to achieve mutual success and grow together.

Creating an Inclusive Workplace

Upholding principles of diversity, equality, and inclusion, the Company is committed to providing all employees with fai opportunities for career development. We also encourage every employee to actively leverage their potential, fostering a win-win situation for personal growth and the Company's success.

Talent Recruitment

CMPort adheres to the strategy of "talent-driven enterprise development" and has formulated the Regulations on Recruitment . These regulations follow principles of "Legal and Regulatory Compliance", "Openness, Fairness and Impartiality", "Strategic Orientation", "Matching the Right People for the Right Roles" and "Integrity and Competence, with Integrity Prioritized". The Company recruits outstanding talent and standardizes all aspects of the recruitment process, including planning, recruitment information channels, procedures, and talent pool management. This ensures an efficient, professional, and high-quality recruitment process.

The Company adheres to the laws, regulations, and relevant policies of the location where the Company operates, and ensures that no illegal labour practices or policy violations occur in the hiring process. Recruitment should be conducted transparentl by releasing job information through appropriate channels, ensuring that all candidates are evaluated fairly, impartially, and objectively based on the established qualifications and criteria for the positions. Recruitment discrimination is prohibited. When recruiting and hiring personnel, attention should be paid to matching the candidate's capabilities and qualifications with the job responsibilities and requirements. The goal is to ensure that each individual's talents are fully utilized, fostering employee engagement and satisfaction while maximizing the effectiveness of the Company's human resources.

Diverse Employment

CMPort is committed to building a diverse talent pool, guided by strategic talent planning. Based on actual business needs, we broaden our recruitment channels to attract outstanding talent with varying backgrounds, skills, and experiences. We believe tha a diverse and complementary team not only fosters efficient collaboration but also ignites innovation, bringing the Company a broader perspective and a stronger competitive edge. Moreover, the Company integrates both internal and external resources and leverage the strength of the China Merchants brand to attract high-level talent. We also build a balanced and appropriately sized international and local talent pool, injecting vital human resources into the Company's operations and growth.

Employee Profile

Expanding Channels to Attract Diverse Talent

Targeting Recent Graduates: Hundred Seedlings Programme

The Company has continued to advance the Hundred Seedlings Programme and increased recruitment of outstanding graduates, bringing a total of 51 people into the program throughout the year. It has conducted recruitment presentations at 8 universities and coordinated its subsidiaries to conduct campus recruitment presentations for port-related positions at 4 universities, interviewing nearly one thousand candidates.

Targeting Current Employees: Fresh Water Program

The Company broke down organizational barriers to activate its internal talent pool. It publicly recruited for 33 positions, up 57% year on year, and carried out 5 batches of talent exchanges involving 41 employees, up 64% year on year, improving internal talent mobility channels.

Targeting International Talent

International Elite Talent Recruitment Program

In 2025, the Company launched a dedicated International Elite Talent Recruitment Programme, recruiting international elite talents through multiple channels. A total of 8 individuals were recruited during the year.

C Blue Talent Program

In 2025, the Company's C Blue Talent Program flourished across multiple locations and gained prominence on the international stage. A total of 3 cohorts (C Blue Inception Session, Vogae Session and Sri Lanka Session) were conducted, training 62 participants from 27 countries. The Sri Lanka Session, for the first time, conducted recruitment and career development for local universities. 10 participants entered CICT for internships, and 7 participants formally joined CICT based on outstanding performance, achieving efficient talent conversion from training to employment. This delivered positive significance for building an overseas talent pipeline and cultivating local industry talents.

Key Performance

Number of newly-recruited employees 697

Employee turnover rate 5.79_%

Inclusive Workplace

The Company is committed to fostering an inclusive workplace environment that fully respects the differences among employees. It advocates an open and transparent communication culture in the workplace, encouraging dialogue and collaboration among staff members. The Company treats every employee equally and strives to provide a fair and just platform for development, enabling individuals to fully mobilize their initiative and drive, which in turn enhances organizational vitality.

Caring for Female Employees

CMPort implements the S ecial Provisions on Labour Protection for Female Em lo ees and clearly outlines the rights of female employees regarding marriage leave, prenatal check-up leave, maternity leave, breastfeeding leave, and other maternity-related benefits in the Regulations on Employee Attendance and Leave Management. Additionally, we provide necessary welfare support for these employees. Female employees are allowed to extend their maternity leave based on their physical condition during pregnancy or before childbirth. Each year, the Company arranges annual health check-ups and other health management services for employees, offering special physical spaces and health services for female employees. In 2025, the Company enhanced the standards and funding for medical and healthcare services to provide employees with higher-quality health services and ensure their physical and mental well-being and comfort.

CMPort Organized a Variety of Activities to Celebrate International Women's Day (8 March)

To celebrate the 115th International Women's Day, the Company and its subsidiaries organized themed celebration activities: Shantou Port held a spring outing themed Floral Women, Enjoy the Outdoors; CMITQ organized a DIY pressed flower desk lamp workshop; Haiqin Company, under the theme United in Purpose, Creating Splendour Together, carried out handicraft activities including making Red Boat models and integrity foil-burn paintings, as well as artistic flower arrangement activities; China Merchants Port (South China) Management Center held the Second Fun Sports Meet for female employees, featuring creative events such as Happy Curling, Travel Around the World, and Writing the Future; CMIT held activities including a curling competition, indoor skiing, and fun challenge games.

Promoting Cultural Exchange

Global Talents Training Program Bridges Global and Domestic ExchangeCase

The Company actively strengthened exchanges and collaboration among employees from diverse cultural backgrounds. During the reporting period, it facilitated the first batch of overseas key employees to undertake exchange assignments domestically. It also innovatively launched the Global Talents Training Program to arrange for outstanding local overseas talent to return to China for training and exchange. The program aims to establish a long-term, stable two-way exchange mechanism between overseas and domestic projects, enhance the operational management level of overseas projects and the development of overseas talent pipelines, and systematically elevate China Merchants Port's global operational capabilities. In 2025, the Global Talents Training Program conducted four specialized training sessions covering finance, information technology, operations, and safety, cultivating a total of 46 overseas key employees. The Global Talents Training Program carries the mission of professional training and cultural exchange, dedicated to cultivating resolute leaders who, like seagulls, soar across oceans and connect continents

Case C Blue Talent Program's Impact Continues to Expand

Beyond strengthening cross-cultural collaboration among employees from diverse backgrounds, the Company leverages its social welfare initiative, the C Blue Talent Program, to attract young professionals and industry veterans from universities and the sector, fostering friendly exchange and mutual learning among international talents in the broader transportation field. In 2025, the C Blue Talent Program launched diverse specialized classes, training 62 participants from 27 countries. The program's brand influence continues to grow, gradually stepping onto the international stage and garnering widespread attention from all sectors of society. In September 2025, the C Blue Talent Program was invited to deliver the closing presentation at the Second International Civil Society Exchange Conference on Jointly Implementing the Global Development Initiative. The project team led representatives from the entire CMG C Series public welfare programs in performing the C Blue theme song "C the Future C the World," fully demonstrating the program's vibrant vitality and strong cohesion to the international community.

Safeguarding Legitimate Rights and Interests

CMPort strictly complies with laws and regulations related to recruitment including the Labour Law ofthe People s Republic of and other laws and regulations in the regions where it operates as well as international conventions. We ensure the protection of employees' rights in accordance with the law and integrate the protection of employee rights throughout our human resources management processes.

Employee Rights Protection

Governance

The company's headquarters has formulated the human resource management system framework, which is followed by subsidiaries, adapting them to local conditions and regulations.

Strategy

The Company safeguards employees' basic rights and interests in accordance with the law, strictly implements all human resources management systems, provides employees with multiple benefits, and cares for their physical and mental health.

Impact, Risks and Opportunities

The Company conducts human rights risk identification and assessment to protect employee rights. For more details, please refer to the sections "Safeguarding Employees' Basic Rights and Interests", "Employee Remuneration and Incentives", "Employee Welfare and Care", and "Employee Communication and Engagement" in this chapter.

Indicators and Targets

Safeguarding Employees' Basic Rights and Interests

The Company has established and continuously improved internal policies, including the Human Resources Management System, Regulations on Employee Management, the Administration Measures on Employee Remuneration and Benefits, and Employee Social and Commercial Insurance Management Measures, as well as the Human Rights Policy Commitment. These documents ensure the strict implementation of legal and compliant hiring practices, performance assessments, remuneration and benefits, as well as training and development. This framework is designed to effectively safeguard employees' rights. In 2025, the Company did not encounter any violations or non-compliance events related to these requirements.

Prohibition of Child Labour

The Company strictly complies with laws and regulations such as the Labour Law of the People s Republic of China, Law of the People's Republic of China on the Protection of Minors, and Provisions on Prohibition of Child Labour. Our Regulations on Employee Management specify job requirements and mechanisms for verifying candidates to avoid hiring child labour. The Human Resources Department utilizes the human resource system to verify employee age and effectively eliminates the possibility of child labour.

Opposition to Forced Labour

The Company oppose all forms of forced labour. Upon recruitment, we sign employment contracts with new hires, ensuring that all employment conditions are clearly communicated, thus establishing transparent employment relationships, clearly defining job content, and eliminating any potential for forced labour.

The Company prohibits withholding employees' identity documents or restricting employees' freedom of movement, and prohibits forcing employees to work through violent means such as intimidation, beating, and threats. In addition, the Compan has established an internal supervision mechanism to ensure that the implementation of labour regulations is subject to regula inspections and assessments, and to promptly identify and rectify any instances of forced labour.

Opposing Discrimination and Harassment

The Company has zero tolerance for any form of discrimination in human resources management, including recruitment, compensation, training, and promotion. We firmly uphold the principle of treating all individuals equally, irrespective of gender, age, nationality, race, physical condition, religious beliefs, or marital status. To ensure all candidates have access to equal, fair, and open career development opportunities, our Regulations on Recruitment Management prohibit the inclusion of discriminatory clauses related to race, region, gender, age, marital or parental status in recruitment information. During interviews, candidates are evaluated based on the principles of fairness, impartiality, and objectivity.

The Company provides employees with complaint channels for discriminatory and harassing behaviour and encourage them to report such incidents in a timely manner when identified. The Company tracks the implementation of complaint handling and, when necessary, provides remedies to affected employees. In response to discrimination and harassment incidents, the Company will take corrective measures in accordance with applicable laws, regulations, and institutional provisions, and impose disciplinary actions commensurate with the severity of the incident

Due Diligence of Human Right Risks

The Company has established a due diligence of human rights risk procedure. It monitors and assesses human rights-related risks annually, and conducts a due diligence of human rights risk once every three years. This due diligence of human right risk procedure consists of 3 stages: risk and impact assessment, assessment results and mitigation/remediation measures, and monitoring and communication. In 2025, the Company conducted comprehensive due diligence of human right risk, covering our headquarters and all subsidiaries. The main areas of the due diligence covered the right to freedom of association and collective bargaining, prohibition of child labour and forced labour, anti-discrimination, and personal freedom and personal safety. The number of complaints received and risk incidents identified in the investigation was 0.

Employee Remuneration and Incentives

The Company has improved the reshaping of the headquarters remuneration system and management mechanisms, added a technology career track, and adjusted the remuneration distribution policy to favour technology and skilled talents. It guides subsidiaries in reshaping their remuneration systems and implementing the corresponding pay-grade conversion, and scientifically identifies the competitive categories of 38 subsidiaries at all levels. Additionally, the Company has promoted the reshaping of the overseas special remuneration system from pilot to full rollout, conducted in-depth research on the front lines overseas, and developed an optimization plan for the position-grade and remuneration system for overseas seconded employees.

Remuneration System

In alignment with national regulations and market dynamics, CMPort has established a remuneration system and talent evaluation system. The Administration Measures on Employee Remuneration and Benefits is continuously refined to standardize the compensation system and incentive mechanisms, stimulating employee vitality and improving organizational efficiency. Based on position settings and job levels, the Company has established a remuneration system by referring to market compensation levels and adhering to the "position based remuneration" principle to determine employee remuneration.

Performance Assessment

The Company conducts regular performance assessments based on the Performance Management Provisions. The appraisal cycle includes both tenure-based and annual appraisals, with appraisal criteria covering both organizational and individual performance. The Company's performance assessment focuses on evaluating employees' job performance, skills, and attitudes. Appraisers provide feedback on the appraisal results to the employees and engage in discussions to help them improve their job capabilities and refine their work approaches. Appraisal results are utilized in determining salary adjustments, bonus allocations, and opportunities for career advancement. This ensures that compensation is directed towards high-performing teams and individuals who contribute significant value, as well as those excelling in frontline risk positions. This approach fosters a talent incentive system that prioritizes efficiency while upholding fairness and emphasizing both motivation and accountability.

Incentive Mechanism

The Company has implemented a compensation framework that integrates short-term and long-term incentives, as well as a mix of equity and cash rewards, to equitably allocate compensation across all levels of management. We prioritize performance-driven incentives and provide opportunities for salary adjustments based on individual circumstances, aiming to offer competitive salaries in the market while embodying our commitment to shared interests and mutual risk-sharing between the Company and its employees. In 2020, the Company launched the StockOption Incentive Plan (Phase I) to incentivize management and technical key personnel who make outstanding contributions to the Company. In 2024, the Company's Stock Option Incentive Plan (Phase I) was approved and exercised, and the incentive recipients may exercise the options at their own discretion during the period from 2024 to 2027.

Employee Welfare and Care

The Company offers social insurance, supplementary commercial insurance, corporate annuities, health checkups, and holidays according to the Administration Measures on Em lo ee Remuneration and Welfare and the Mana ement Measures for Em lo ee and . CMPort places great importance on employee welfare and always focuses on ensuring employee well-being. Various measures have been implemented to ensure a balance between work and life. The Company follow a 5-day workweek system (no more than 40 hours per week). If employees are required to work overtime, they may submit an application through internal procedures. The Company will arrange compensatory time off or pay overtime wages in accordance with laws and regulations. Additionally, flexible work arrangements are provided under special circumstances (e.g., extreme weather), allowing employees' delayed arrivals, work from home, or take time off as needed.

Employee Welfare System

Insurance benefits

Apart from providing employees with timely and full payment of their basic wages and ensuring compliance with social insurance contributions, the Company offers to cover expenses for large-term insurance and commercial medical insurance to improve employees' sense of security.

Health benefits

The Company provides free health checkups for all the staff and continues to collaborate with professional medical institutions, consolidating diverse health resources to deliver health seminars and wellness services, showing care fo employees' physical and mental health.

Activities and materials benefits

Enterprise annuities

The Company has established an enterprise annuity plan to secure retirement benefits for employees and improve their work enthusiasm.

Vacation benefits

The Company strictly implements the social insurance mechanism in the regions where it operates, providing all employees with benefits such as annual leave, sick leave, maternity/paternity leave, marriage leave, and other related benefits as stipulated by relevant regulations.

The Company provides multidimensional care for employees, including enhancing workplace facilities and services, organizing festive-themed events and cultural and sports activities, as well as offering birthday benefits.

The Company also focus on employees' need for relaxation, providing well-equipped recreational facilities, organizing interest group activities, and planning holiday-themed events to create a healthy and balanced work environment.

Case Zhanjiang Port Organizes a Rich Variety of Cultural and Sports Activities

Zhanjiang Port held a series of cultural and sports activities in 2025, aiming to invigorate the workplace atmosphere and enhance employees' sense of belonging. The activities included hiking and marathon races, the Zhanjiang Port Cup basketball tournament, etc., which fully enriched employees' leisure life.

The Company actively deepens employee care practices and is committed to fostering a warm and harmonious working atmosphere. We always pay attention to the actual needs of employees in terms of work and life and provide targeted assistance to those in need, helping them through difficult times.

Zhangzhou Port Implements Support for Those in Need, Conveying the Company's Care and Concern

Zhangzhou Port conducts a comprehensive annual survey and screening of the living conditions of employees' families in difficulty and implements assistance for those in need. In 2025, Zhangzhou Port conducted a visit and distribution of consolation funds for 6 employees in difficulty. Meanwhile, through the labour union, it assisted employees in enrolling in the medical mutual aid program of the Zhangzhou Federation of Trade Unions. By the end of 2025, assistance had reached 20 person-times, and more than RMB 30,000 in medical subsidies had been distributed. The Zhangzhou Port labour union also applied to the higher-level labour union for medical expense subsidies for employees suffering from serious illnesses, effectively addressing employees' practical difficulties. During important traditional festivals (such as the Spring Festival, Mid-Autumn Festival, and Dragon Boat Festival) as well as on occasions such as employees' birthdays, marriages, and childbirth, it provided festival condolence payments and birthday gifts to employees, conveying the Company's care and blessings and strengthening employees' sense of belonging and well-being.

HIPG Implemented Multiple Employee Care Initiatives with Continuous Investment

HIPG has implemented various employee care and support measures, continuously enhancing health protection, living convenience, and workplace security for its staff. Specific initiatives include:

• Medical and Health Protection: Established an emergency medical center with regular doctor consultations; equipped with comprehensive ambulance services for emergency response;

• Provided annual health check-ups, outpatient reimbursement, and optical allowance; offered personal accident insurance and surgical hospitalization insurance.

• Living and Safety Assurance: Provided free meals for employees; distributed work uniforms and necessary personal protective equipment.

• Health Promotion and Recreational Facilities: Set up a gymnasium and indoor sports areas to encourage employees to exercise physically and mentally.

Employee Communication and Engagement

Democratic Communication

CMPort has placed a great importance on democratic communication by offering multilevel and multi-form communication and complaint channels for employees. This includes actively communicating with employees on the revision of important regulation through Worker's Congress to facilitate dialogue and gather feedback through multiple channels on a daily basis, so as to listen to employee concerns in a timely manner.

The Company provides employees with communication platforms such as the Employee Representative Congress, employee suggestion mailbox, and fixed agenda items in regular meetings. Each year, we conduct special grassroots surveys. Through the labour union's periodic visits, face-to-face interviews, and telephone communications, we fully understand employees' opinions and suggestions, proactively address employees' concerns, continuously improve the employee experience, and ensure that employees' voices are fully respected and responded to.

Case Zhanjiang Port Convenes the Second Meeting of the Sixth Workers' Congress

In February 2025, Zhanjiang Port held the Second Meeting of the Sixth Workers' Congress, comprehensively summarizing the work in 2024 and deploying key tasks for 2025. The meeting reviewed and adopted the work report, the employee education and training plan, and the conference resolution, commended various advanced collectives and individuals including recipients of the Company's 2024 Excellence Award, and made an on-site donation to the Company's Assistance Center. Members of the Company's leadership team and employee representatives from various units attended the meeting.

Brand Building of the Workers' Union of China Merchants Port (South China) Management Center Selected as a National Innovation Case

The brand-building case "Colourful Harbor" - Building a New Ecosystem for Services for Industrial Workers in the Port , created by the Workers' Union of China Merchants Port (South China) Management Center, stood out from numerous outstanding practices nationwide in the selection of the Brand Powerhouse Economic Forum and (the Eighth) Innovative Achievements Promotion Event, and was successfully included among the conference's core achievements in the 2025 Brand Economy Innovation and Development Case Achievement . The trade union established a linkage mechanism featuring Party committee leadership, union leadership, and multi-party collaboration, thereby consolidating the ideological foundation of industrial workers' ideals and convictions. It promoted the intelligent upgrading of service models and the deep integration of humanistic care, and systematically developed a series of activities for the "three major festivals" for employees (namely the Sports Festival, Cultural Festival,

and Music Festival), building a spiritual home with distinctive port characteristics. This inclusion in a national case report marks that the relevant work has formed experience with demonstrative value. In the future, it will continue to contribute the "Shekou Model" to advancing the development of the industrial worker workforce.

Feedback

In accordance with the Measures for Handling of Problem Clues and Management of Cases, the Company has established a comprehensive employee grievance mechanism to ensure the confidentiality and independence of grievance handling, effectively protecting employee rights. The Company has set up suggestion boxes where employees can submit concerns. In addition, the Company regularly compiles employee feedback and conveys the relevant information to each functional department, ensuring timely responses and resolutions to the issues raised. Departments of the headquarters will organize specialized research and discussions based on the information, issues, or suggestions provided by employees and develop practical solutions for implementation.

Satisfaction Survey

In 2025, the Company conducted an employee satisfaction survey across multiple dimensions, including sense of achievement, career development opportunities, work relationships, and the working environment. This survey was conducted through a sample method, covering the headquarters and all subsidiaries. The results showed that the majority of employees who participated in the survey reported high levels of job satisfaction. Among the 19 core satisfaction evaluation dimensions, overall satisfaction was 78%. Among them, the dimensions with outstanding employee satisfaction mainly focused on teamwork, job content, and alignment with professional values. The satisfaction level for the dimension of being able to provide assistance and support to colleagues at work was the highest, reaching 93%. The satisfaction level for the dimension of Work Content Independence and Work Pace Fulfilment reached 88%. The satisfaction level for the dimension of Professional Identity and Responsibility Commitment exceeded 86%.

Key Performance

In the future, the Company will continue to follow up on employee satisfaction surveys, further strengthen communication and feedback mechanisms, gain deeper insights into employee needs and opinions, focus on employee remuneration, benefits, and career development, and provide more development opportunities and promotion space for employees to improve their satisfaction, fostering mutual growth between employees and the Company.

Employment contract signing rate

100%

Social insurance coverage rate

Strengthening Talent Development

In terms of human resource strategy, the Company is dedicated to developing a world-class port workforce. We implement a comprehensive "1234" human resource strategy, which involves: rooting at 1 workforce management platform, promoting 2 programs consisting of institutional building and capacity building, rigorously selecting and managing leaders, categorizing and layering talent development; undertaking 3 big projects including a marine project, a college project, and an incentive project tailored to our business needs; forming 4 specialized teams encompassing leading figures, senior executive, professional talents and overseas talents. Based on this, we strive to create a robust talent ecosystem to foster a motivated and capable workforce.

The Company's talent development efforts are led by the Human Resources Department at headquarters, with subsidiaries driving implementation. In 2025, the Company released the Mangrove Talent Habor Brand and system development plan. With "Gathering Talent to Prosper the Port, Wisdom Surging into the Future" as the brand slogan and the five-tier mangrove ecosystem as the blueprint, we anchored our direction on supporting the Company's strategy and leading talent development. We are committed to building an outstanding talent development environment, forming a diversified and high-quality talent pool, and promoting the symbiotic co-development of talent and the Company, thereby achieving a value closed loop of iterative upgrading of talent capabilities, transformation and reuse of experience and achievements, and value feedback to drive ecosystem upgrading. Ultimately, this will enable long-term mutual success for talent and the Company, providing sustainable momentum for achieving CMPort's strategy of becoming a world-leading port services provider.

Environment Level

Building "mudflat-style" solid safeguards. Guided by the principle of "comprehensive safeguards and zero-distance services", we have built a multi-dimensional support system covering policy support, employee services, and a cultural atmosphere, creating a talent clustering effect where "those nearby are satisfied, and those far away are attracted".

Forest Level

Cultivating a "mature-tree-style" talent pipeline. Aligned with the Company's development needs and guided by the principles of layered development, category-specific focus, and dynamic optimization, we have built a three-tier talent pipeline featuring leading talent steering the way, backbone talent providing support, and reserve talent building momentum, while covering diverse areas including management, technology, overseas, and skilled roles.

Community Level

Building a "symbiotic" collaboration network. The aim is to achieve talent-job matching, talentteam collaboration, and alignment between talent and Company development, enabling talent to maximize value through collaboration and creating a symbiotic and mutually reinforcing pattern of talent-team-Company.

Circular Level

Building a "regenerative" closed-loop value chain. The aim is to enable talent to create new value through capability enhancement, while enabling us to accumulate core strengths and activate development momentum through value circulation, thereby forming a virtuous, regenerative ecosystem of "talent value appreciation - value creation - ecosystem reinvestment."

Ecological Level

Achieving "shared prosperity" sustainable development. Guided by long-termism, the Company incorporate talen development into the Company's strategic planning, enabling talent to maximize personal value on the Company's platform while allowing the Company to achieve sustainable growth by leveraging talent advantages, ultimately realizing shared prosperity.

Talent Ecosystem Goal of CMPort

Mangrove Talent Harbor

Building a Talent Team

Cadre Team:

Focusing on key areas, the Company establishes 3 categories of talent pools under the Talent Cultivation Program, with a total of 376 people. It conducts International Elite and Young Cadre Talent Training, cultivating 44 core business backbones.

Overseas Talents:

The Company promote efficient rotation of expatriate staff. In 2025, 21 employees completed their assignments and returned upon expiry, achieving a 100% completion rate. The Company arranged for key operational personnel of CICT who are Sri Lankan nationals to conduct exchange at headquarters and take up positions at the Shenzhen Western Port home port, assigned training mentors, and provided targeted empowerment to accelerate the improvement of overall competencies. We also innovatively launched a dedicated training program under the Global Talents Training Program, closely aligned with business needs, arranging outstanding overseas local backbone employees to return to China for training, and rolling out 4 dedicated training tracks in finance, information technology, operations, and safety, cumulatively training 46 foreign local backbone employees.

Talent Reserves:

The Company held the "Hundred Seedlings Programme" training for newly hired employees and the Shantou Port "Yunfan Program" youth talent training project, driving young reserve talent to build a solid foundation and grow rapidly.

Professional Technical Talent:

The Company deepened the "hundred-ten thousand-one million" science and technology talent development program, focusing on core technology research areas, selected and recommended 1 top science and technology talent candidate, and formulated a tailored, individual-specific development plan. We vigorously advanced the special initiative for the reform of the training of engineering master's and doctoral students, initially facilitating 2 students' corporate internship placements, 1 employee's enrolment in an in-service doctoral program, and completing the enrolment and recommendation of 10 master's and doctoral students for the Class of 2026. The Company strengthened the cultivation of a digital and intelligent talent team and took the lead in organizing the CMG's AI + Industry joint training, reaching 4,700 employee attendances in the CMG's transportation sector.

Vocational skill level certification:

During the year, the Company completed skill level certification for 183 employees and recommended 2 employees to apply for the Central SOE Master Craftsman award.

Unblocking Career Development Path

The Company has formulated the Administration Measures on Dual Career Development Paths of Employees, which outlines pathways in both management and technical career tracks, specifying the conditions, procedures, and criteria for job transfers, promotions, and demotions. The Company encourage internal job competitions across the organization and advocate fo competitive selection processes for managerial positions. Employees meeting the necessary criteria in terms of work experience and performance are promptly offered opportunities for advancement, ensuring the exercise of competence of exceptional talen and the expansion of avenues for career growth and development.

Based on the Company's operational management practice and strategic development needs, CMPort has established 2 caree tracks: management and technical tracks.

CMPort Employee Career Dual-Track System

Management Track

Assistant Department Manager Department Deputy General Manager Department Manager, Department Executive Manager, and Department Senior Deputy General Manager Assistant General Manager

Technical Track

Clerk Senior Clerk Specialist Deputy Functional Manager Functional Manager Senior Functional Manager Department Director Senior Department Director Director

Improving the Training System

The Company is committed to building a platform for nurturing and advancing global port professionals. The Company has formulated policies such as the Administrative Regulations on Emplovee Training, the Administrative Regulations on Emplovee Continuing Education, and the Administrative Regulations on to systematically build a high quality talent team, create a robust and standardized training system, and improve employees' overall quality and professional capabilities.

Training System

The Company classifies training based on the different training subjects, venues, content, and target groups as follows.

By Training Subject and Venue

On-the-job training

Refers to training received while performing job duties. It generally refers to specific management activitie conducted by supervisors to enhance subordinates' abilities. This includes group meetings, performance interviews, work coaching, guidance, delegation, and job practice.

Off-the-job training

Refers to centralized training organized and implemented by the Human Resources Department or other functional departments and institutions. It can be further divided into internal and external training formats.

Self-initiated learning

Refers to self-driven learning where employees, as the subject of training, use their spare time to improve their personal capabilities through further study, reading, and academic education. The Company encourage employees to engage in self-initiated learning.

By Training Content and Target Group

Orientation training

Assists new hires and employees transitioning to new roles in adapting to the job, understanding the company's culture and organizational regulations, establishing a correct career outlook, and adjusting to the new working environment.

Professional training

Strengthens the professional knowledge, skills, and international competence necessary for employees current positions. It also promotes mutual learning, communication, and collaboration across departments to enhance work efficiency and ensure organizational goals are met.

Management training

Enhances the comprehensive management skills of employees at all levels, improves team management abilities, and effectively utilizes the Company's resources to improve organizational performance and achieve organizational goals.

Self-training

Alongside the effective implementation of the above 3 types of training, this aims to further cultivate and foster an organizational learning environment, expanding opportunities for individual self-learning and development.

Internal Trainers and Internal Course Management

The Company has improved the Administrative Re ulations on Internal Trainers and Internal Trainin Courses, to streamline the selection, evaluation, and incentivization of internal training instructors and enhance training quality and effectiveness. Internal trainers are recommended by each subsidiary or nominated by individuals. In principle, each department at headquarters and each subsidiary shall have at least 3 internal trainers. Internal trainers are selected, evaluated, and certified by CMPort. While performing their primary job duties, internal trainers also take on the part-time responsibility of developing internal courses and delivering training sessions. Internal trainers are employed on a contract basis, with a renewal period of every 2 years. The levels of interna trainers, from highest to lowest, are: distinguished expert, senior lecturer, advanced lecturer, and lecturer. As of the end of the Reporting Period, the Company's internal trainer team comprised a total of 71 internal lecturers.

Building an AI + Industry Benchmark Training Program to Accelerate Digital and Intelligent Transformation

In 2025, the Company took the lead in organizing the CMG's "AI + Industry" joint training program. It assembled a hybrid instructor team of internal and external experts, and collaborated with units across the CMG's transportation sector to hold 2 specialized training sessions, delivering over 20 specialized courses and covering 4,700 employees across the entire transportation system. The program established a benchmark practice of empowering the entire domain through second-level subsidiaries, creating a new, replicable and scalable training model that injects strong momentum into the digital and intelligent transformation of business operations.

Case CMIT Builds Diverse Training System to Create a Learning Organization

CMIT continuously improves its talent development ecosystem through multi-level, digital, and intelligent training initiatives. It established an online learning platform and released 17 standardized training courses for new employees, helping them quickly understand corporate culture, regulations, and core business operations to accelerate job integration. It developed the internal training sub-brand "CMIT TAIL" to encourage internal knowledge sharing and activate a learning ecosystem for all employees. It strengthened the internal trainer team by cultivating 34 internal trainers, leveraging AI to empower experience extraction and course development. It introduced "51CTO," a leading domestic IT online learning platform, to continuously enhance employees professional skills and technical capabilities, solidly advancing the construction of a learning organization. These efforts provide solid talent support and assurance for high-quality development.

Training Evaluation Management

According to the Administrative Regulations on Employee Training, the Human Resources Department is responsible for organizing evaluations after training to assess whether the training has achieved its intended outcomes. The evaluation includes the trainer, trainees, and the training organizers. After the training session, the hosting department organizes employees to fill out the Trainin and summarizes employee feedback, which is then provided to the trainer and submitted to the Human Resources Department for filing. This feedback will be used as a reference for organizing similar future training sessions.

NPH Establishes Systematic Training System Covering Full Employee Career Lifecycle

NPH has developed 5 major training categories, focusing on full lifecycle career development needs from onboarding through advancement Foundation training covers corporate vision, mission, and culture to help employees achieve "cognitive integration." Advanced training emphasizes professional deepening, including practical management information system operations and terminal operating system applications for digital capability enhancement. Quality training targets "skill efficiency improvement" to enhance operational precision and proficiency. Management training empowers frontline management positions and management reserve talent. Health, Safety, and Environment training strengthens risk prevention and responsibilit awareness to reinforce safety consciousness among all employees.

Key Performance

Total training hours for full-time employees 401,855.25 _hours

Total employee training expenditure _RMB 9.2121 million

Employee training coverage rate 100_%

Ensuring Safety and Health

Adhering to the concept of "people-oriented and safe development", CMPort focuses on the main line of the Three-Year Action Plan for Work Safety Improvement, maintains high standards in work safety management, prevents and defuses major risks, adheres to a problem-oriented, goal-oriented, and results-oriented approach, and continues to enhance our safety management capabilities and emergency response capabilities. The Company has formulated a work safety strategic plan around Technology Empowermen + Risk Prevention and Control + Global Standards + Emergency Safeguards, providing solid safety assurance for CMPort's globa layout and sustainable development. In 2025, the Company recorded zero material safety incidents.

Occupational Health And Safety

The Company has established the Safety Committee as the highest decision-making body for work safety. The committee oversees the daily management and supervision through the Safety Supervision and Management Department. Subsidiaries implement the relevant work items in the Responsibility List of to ensure that safety work is implemented at the smallest unit level. For details, please refer to the section "Strengthening Organizational Support" in this chapter.

With the goal of preventing major safety incidents, the Company continuously enhances its work safety management capabilities, improves its work safety accountability system, adheres to high standards and strict requirements in work safety management, prevents major safety risks, deepens special inspections and rectification, and steadily advances the empowerment of overseas safety management. For details, please refer to the sections "Improving Safety Management" and "Strengthening Safety Risk Management and Control" in this chapter.

Safety risks have been incorporated into the scope of the Company's annual top 10 risk assessment. The Company comprehensively identifies and evaluates various potential safety risks, regularly conducts safety risk assessments and hazard rectification, and organizes safety training and emergency drills, and strengthens risk prevention and response measures. For details, please refer to the section "Strengthening Safety Risk Management and Control" in this chapter.

Indicators and Targets

Improving Safety Management

The Company strictly abides by national laws and regulations such as the WorkSafety Law ofthe People s Republic ofChina, the Emergency Response Law of the People's Republic of China, the Law of the People's Republic of China on Prevention and Contro , the , as well as management measures relating to healthy and safe management in overseas regions where it operates. We have established an occupational health and safety management system, and carry out safety management work to ensure the occupational health and safety of employees and related parties.

Strengthening Organizational Support

The Safety Committee is set up as the highest decision-making body for work safety, and is composed of management team, heads of relevant functional departments from headquarters and subsidiaries, and employee representatives from the Labou Union. The Company's CEO serves as the chairperson of the Safety Committee, whose salary is linked to occupational health and safety performance. The Safety Committee has an office under it, which serves as the standing administrative body of the Safet Committee and is responsible for the specific daily work within the scope of the Safety Committee's responsibilities. The Safety Committee Office is located in Safety Supervision Management Department, and it is responsible for the daily management and supervision of safety work, including supervising the implementation of the company's health and safety strategy and performance results. The Company requires subsidiaries to establish and improve a job-specific safety responsibility system based on the to ensure the implementation of safety work at the most basic level. In addition, the Company encourages subsidiaries to establish reward mechanisms to motivate frontline employees to actively participate in safety supervision, raising the awareness and enthusiasm of all employees in safety management.

The Company's headquarters promotes the integration of safety and environmental cultural practices across overseas projects. In response to the regulatory characteristics of countries with different legal systems, we clarify the safety and environmenta responsibilities of all parties, including the employer, employees, and contractors, to ensure that management responsibilities are implemented at every level.

Strengthening System Development

The Company has established a relatively comprehensive work safety management system, with documents covering basic provisions, expense management, performance management, risk prevention and control, hazard identification and remediation, emergency management, and training and education, providing full coverage of daily safety management.

CMPort Held the 2025 HSE Conference

In January 2025, CMPort convened the 2025 HSE Conference in Shenzhen, to communicate and study the guiding principles of recent central meetings and the guiding principles of the Group's 2025 Work Conference on Safety and Environmental Protection, summarize CMPort's safety and environmental protection work in 2024, and deploy key work tasks for 2025. Xu Zitao, Safety Director of CMG and Director-General of Safety Supervision Management Department (Emergency Management Department), and Xu Song, Party Committee Secretary and CEO of CMPort, attended the meeting and delivered speeches. Lu Yongxin, COO and General Manager of CMPort, chaired the meeting. Huang Zhenzhou, Part Committee member and Chief Financial Officer of CMPort, announced the relevant commendation decisions, and L Wenbo, Party Committee member and Deputy General Manager of CMPort, delivered the annual report on safety and environmental protection work. Members of the Party Committee leadership team and management team of CMPort, heads of various departments at CMPort headquarters, principal heads of subsidiaries, and relevant persons in charge of safety and environmental protection, production operations, and equipment engineering of subsidiary enterprise attended the meeting.

Prevention and Control of Occupational Diseases

CMPort has established a complete occupational health management system and employees' health checkup mechanism. We have formulated and implemented the Occu ational Diseases Prevention and TreatmentAdministration Measures on Work-related and to standardize occupational health protection of employees

The Company adopts systematic measures to implement occupational health protection and prevention and control o occupational diseases, including: establishing a unified management register for occupational disease hazards, and tracking, one by one, the status of occupational health and safety management and work improvement progress of our controlled subsidiaries. We continue to promote our subsidiaries' self-assessments of occupational health efforts, conduct specific analyses of the self assessment results, and implement improvement measures. By improving the operating environment, strengthening safet signage, and ensuring the supply of protective equipment, we minimize to the greatest extent possible the impacts of dust, chemicals, noise, and other factors on port personnel. Through measures such as the monitoring of occupational disease hazard factors, employee health surveillance, and training, we prevent and mitigate the occurrence of occupational diseases in advance.

Strengthening Dust Control in the Workplace

The Company adopts measures such as negative-pressure dust removal and water-mist dust suppression, upgrades and replaces certain outdated equipment, and procures advanced dust removal equipment such as dust collection hoppers and mist cannons. Remote-controlled hopper pilot project is conducted to improve the working environment for employees and minimize dus dispersion during bulk grain and ore loading and unloading processes to the greatest extent possible. We regularly distribute qualified dust masks to operators and supervise their correct use, continuously reducing the impacts of dust-related occupationa disease hazards.

Implementing Protective Measures and Optimizing Management

The Company has installed axial flow fans for ventilation in key areas, such as the sludge dewatering room, chemical dosing room, and sand filtration room, at large-scale wastewater treatment plants. It has also installed emergency washing facilities in locations where on-site operators may come into contact with toxic, hazardous, or other corrosive chemicals to prevent chemical-related harm to the human body. In addition, we strengthen safety signage, and provide protective equipment. For workers exposed to high-temperature environments in summer, we effectively prevent heatstroke incidents among operational personnel by taking measures such as flexibly arranging working hours, rotating shifts, appropriately increasing rest time, reducing labour intensity and distributing heatstroke prevention and cooling supplies.

Strengthening Workplace Noise Control

Each subsidiary regularly monitors operational noise conditions. By optimizing production processes, using sound insulation materials, and applying mesh sound-absorbing materials for vibration reduction and noise abatement, we distribute noise reducing earplugs and other protective equipment to workers who may be exposed to noise and supervised their proper use, thereby continuously reducing the impact of occupational disease hazard factors related to noise

Implementation of Occupational Health Examinations and Training

Before taking up their posts, employees are required to undergo occupational health examinations, establish complete occupational health records, and be informed of occupational hazard information through labour contracts, bulletin boards and on-site training, among other means, so as to prevent and avoid the occurrence of occupational diseases in advance. Al subsidiaries implement employee occupational health and job fitness management to enhance employees' ability to respond t and handle sudden personal physical emergencies

Contractor Safety Management

The Company and its subsidiaries include contractor entities and their personnel in the Company's work safety management system. The Occu ational Health and Safet Polic Statement released externally by the Company clearly stipulates that labou subcontractors are required to implement the same safety management objectives as the Company. The scope of the Policy Statement applies to all business scopes and employees (including full-time employees, part-time employees, and contractor personnel). The Company strengthens contractors' full-cycle management of admission, assessment, incentives, and exit to stabilize a high-quality outsourced workforce. It stipulates the conditions for contractors' safety admission and cooperation (e.g., obtaining certification for meeting the work safety standardization system, etc.), and specifies the specific standards and working mechanism for contractors' work safety assessment and elimination and removal/retention.

Subsidiaries are required to establish and improve the contractor safety management system, including the execution of safety agreements delineating mutual safety responsibilities. These encompass commitments to work safety investment, investigation and treatment of hidden hazards, safety education and training, emergency response procedures, inspections on work safety, safety checks, and termination clauses.

Promoting System Certification

To promote the professionalization and systematization of safety management, CMPort has continued to encourage subsidiary companies to carry out domestic and international safety system certification. By the end of the Reporting Period, 23.5% of subsidiaries had obtained ISO 45001 certification

Strengthening Safety Risk Control and Management

In strict accordance with the Work Safety Law ofthe People 's Republic ofChina and related laws and regulations, the Company comprehensively identifies and evaluates various potential safety risks, regularly conducts safety risk inspections and hazard mitigation, organizes safety training and emergency drills, and strengthens safety risk prevention and response.

Identifying Security Risks

The Company has developed and issued the Polic for Classified Mana ement and Control ofWork Safet Risks, Manual for the Construction of Dual Prevention Mechanism, and the Evaluation Standards for Reviewing Dual Prevention Mechanism Handbook to ensure that risk hierarchical control. By implementing these measures, we aim to promote a normalized and effective dual prevention mechanism in our subsidiaries. The Company regularly updates the Information Table ofSafety Risk Identification and to guide the identification of operational risks and the implementation of preventive measures, preventing and resolving potential risks. The Company develops and issues a full-cycle management guideline for specia operations, addressing end-to-end the challenges in preventing and controlling the risk of container barge instability.

In 2025, at key milestones, the Company dynamically issued safety risk alert notices and carried out targeted rectification initiative for different categories of safety risks, including but not limited to major accident hazards, operational safety hazards, and traffic safety hazards. This year, the Company strengthened safety risk management and control for our overseas subsidiaries, carried out a special inspection of NPH dangerous goods container yard sites, and also conducted a special inspection of TCP.

Case NPH Strengthens Risk Prevention and Control for Work Safety Production

In 2025, NPH, in accordance with the overall deployment requirements for work safety management of CMPort, and i conjunction with the actual work safety operation and management conditions of its subordinate terminals, carried ou key initiatives such as identification of safety and environmental protection laws and regulations, safety inspection and rectification, and safety emergency drills, focusing on the three main themes of hidden hazard mitigation, strengthening foundations and consolidating fundamentals, and efficiency enhancement

NPH completed a comprehensive identification of 23 relevant laws and regulations in Indonesia covering work safety, occupational health, and environmental protection, and conducted a compliance assessment self-inspection agains 463 associated legal and policy provisions. In response to more than 100 safety issues and more than 20 improvemen recommendations proposed by the Port Safety Supervision Department, NPH completed 156 safety rectifications b the end of October 2025, achieving full closure of rectifications. This year, 19 NPH employees obtained certification fo the use of positive pressure breathing apparatus. Each shift team in the two port areas has been fully staffed with 2 certified dangerous goods management specialists, enhancing the team's practical safety skills and emergency response capabilities.

NPH developed and updated 6 safety guidance documents, including Hidden Hazard Inspection Reward System, Safety Accident Handling System, and Guidelines for Handling Dangerous Containers. NPH organized 8 emergency drills, including fire response, dangerous goods leakage, and emergency evacuation, with 162 participants. In August, NPH successfully co-organized a full-element, live-action firefighting drill with the local fire department in the MAL and ADP port areas.

Hazard Investigation and Remediation

The Company conducts regular safety hazard investigations and promotes the implementation of hazard remediation work in accordance with the Hidden Hazard Investi ation and Treatment S stem and the Administration Re ulations on Accident Report . In 2025, the Company updated and issued the list of criteria for identifying accident hazards. In alignment with the criteria for identifying major accident hazards newly issued or revised by national ministries and commissions and the industry, we revised our criteria for identifying major accident hazards 4 times and established criteria for identifying relatively serious accident hazards across 9 key areas.

In 2025, the Company intensified efforts to tackle key and difficult issues, including the Three-Year Action Plan for Work Safety Improvement, the special supervision and guidance for the work safety Thunder Action, the special inspection and rectification of safety hazards related to key labour protective equipment, the special rectification of fire safety in small catering establishments, the full-chain safety control of electric bicycles, and the inspection and rectification of major accident hazards. A total of 18,978 hazards were identified and addressed, with a rectification rate of 98.35%. The Company strictly implemented disaster reduction and relief requirements and successfully dealt with 14 typhoons without any casualties or significant property damage. In 2025, the Company conducted 41 supervisory safety inspections, including mid-term, year-end, and specialized safety inspections

CMPort CEO Xu Song led a team to China Merchants Port (South China) Bulk Cargo Management Center to carry out a work safety supervision and inspection, survey the construction progress of the Phase III silo expansion project, and listen to work reports.

CMPort COO and General Manager Lu Yongxin led a team to conduct a major inspection on work safety at CMBL, along with special supervision and guidance for the work safety Thunder Action.

Advancing Work Safety

The Company adopts a dynamic cycle of "Plan, Do, Check and Act" (PDCA) to ensure that safety issues are fully addressed. Variou measures, such as specialized safety hazard remediation, emergency drills, application of technology for risk prevention, and proactive occupational disease prevention, are effectively implemented to advance work safety.

Once a safety incident occurs, the Company requires relevant personnel to report, investigate, and address it in accordance with , , strictly follow the Four No-Exemptions principle in dealing with the responsible persons, and implement corrective measures for the incident. After the incident, the Company urges the relevant subsidiaries to earnestly draw lessons from the incident, comprehensively identify and addres safety loopholes, refine operating procedures and safety technical measures, intensify efforts to investigate and penalize unsafe behaviours, and further strengthen the implementation of safety responsibilities. It also urges the relevant units to carry ou targeted safety training, further enhance employees' safety awareness and skills, and prevent the recurrence of similar incidents

Emergency Management

In accordance with the Emer enc Res onse Law ofthe Peo le 's Re ublic of China and other laws, regulations, and internal management documents such as the Comprehensive Emergency Response Plan, the Company implements safety emergency systems, improving its "unified leadership, hierarchical responsibility, and quick response mechanism" safety prevention and emergency mechanisms.

The Company has developed emergency plans for work safety risks and regularly conduct emergency drills to ensure a prompt response and resolution in the event of an emergency. The Company has issued 8 emergency response plans, including special plans for work safety incidents, natural disasters, typhoon prevention, public health incidents, social security incidents, fire protection, and security for overseas institutions and personnel, and has provided 29 on-site response plans to facilitate timely and orderly responses to emergencies. Additionally, the Company has established an emergency command platform with domestic manufacturing enterprises to ensure unified command and efficient collaboration during emergencies.

In 2025, the Company and its subsidiaries organized safety training for 197,927 participants and conducted 4,111 emergency drills, with a total of 41,872 participants. The Company's China Merchants Port (South China) Management Center established safety storage management standards for lithium battery containers, and installed additional spark-free perforation water-injection fire extinguishing equipment to improve the efficiency of emergency response to contingencies involving lithium battery containers. China Merchants Port (South China) Bulk Cargo Management Center had two tugboats honoured with the Ministry of Transport 2024 Commendation for Outstanding Maritime Search and Rescue Units The Tugboat Management Center received special funds under the National Maritime Search and Rescue Award Program, highlighting our professional capability and sense of responsibility.

Technological Advancements in Safety

To build smart ports, CMPort has integrated digital technology into safety management, utilizing technologies to maximize the elimination, avoidance, and prevention of safety risks. The Company explores intelligent safety monitoring applications, enhance safety governance for hazardous chemicals and goods, and has completed the construction of a risk monitoring and early warning system.

In 2025, the Company drove CMITQ, CMBL, and Qianhaiwan Property to accelerate the development of smart fire protection, comprehensively enhancing the intelligent level of fire prevention and control. We supported China Merchants Port (South China) Management Center in completing and putting into operation the anti-tailgating gate system, and supported the China Merchants Port (South China) Bulk Cargo Management Center in upgrading to automated portal cranes. We promoted the application of intelligent hold-cleaning technology at Zhanjiang Port, enhancing unmanned and intelligent operational capabilities. Shantou Port and CMITQ adopt drone inspections, and the Zhanjiang Port Shipping Branch introduced cleaning robots to remove underwater hull fouling, reducing the risks of manual operations.

Strengthening Safety Culture

Safety first and foremost is the fundamental premise for ensuring normal and orderly business operations. CMPort places high importance on safety culture development, continuously enhancing the safety awareness of all employees and outsourced staff, and improving emergency response and self-protection capabilities. Documents such as the WorkSafety Handbook for Principals of an Enterprise and the Employees' Handbook of General Knowledge about Safety have been developed to establish a comprehensive safety guarantee and training system.

In light of actual conditions, the Company organized and convened meetings such as the annual safety meeting, the safety scheduling meeting, and the joint meeting on work safety to study and deploy work safety tasks. In addition, the Company organized a series of activities such as the Promotion Week of Law ofthe Peo le 's Re ublic of China on Prevention "Work Safety Month", and "Fire Safety Month", to fully create a safety culture atmosphere. In 2025, the Company organized participation in 12 training sessions, including the CMG special session for persons in charge of work safety and training on work safety performance capability. The Company's headquarters and its subsidiaries organized work safety training sessions, with 197,927 participant attendances. During the Reporting Period, 100% of our employees received health and safety training.

In 2025, the Company actively participated in the development of industry safety standards. China Merchants Port (South China) Management Center actively participated in the compilation of Shenzhen local standard Safety Management . Zhanjiang Port and Shantou Port actively participated in the compilation of Technical Specification for the Safe Use of Horizontal Transport Vehicles Within Port Areas.

CMBL Has Developed a Full-coverage Safety Training System for Stakeholders Featuring Online + Offline and General + Specialized Programs

In 2025, CMBL established a safety training system with full coverage for all stakeholders. The trainees covered all Company employees, contractors, and all other relevant stakeholders. During the year, CMBL organized a total of 17 training sessions for contractors of various types, with a total of 283 attendances; and carried out a total of 13 contractor safety drills of various types, with a total of 269 attendances. CMBL, in conjunction with Work Safety Month and Fire Safety Awareness Month, conducted themed training on heat prevention and cooling, hazardous operations, electric bicycle safety, and other topics, and, leveraging the SMIS system, realized online learning and examinations for all employees. It cultivated 9 part-time safety officers and organized 9 employees to obtain the Intermediate Fire Protection Facilities Operator certificate, strengthening the professional capabilities of the backbone team.

Key Performance

Safety training participation ^197,927 person-times

Emergency drill participation ^41,872 person-times

Safety hazard rectification rate 98.35_%

Implementing Safety Objectives

CMPort regularly sets annual safety management targets according to the Administrative Regulations on WorkSafety Performance and signs the Work Safety Management Targets Responsibility Letters with subsidiaries every year. This document clearly defines the primary responsibility of the subsidiary companies, listing safety goals, key work tasks, and safety training plans for each subsidiary to continuously improve safety management capabilities.

The appraisal of work safety performance is tied to the remuneration-based performance assessment of the company's CEO. The Company conducts annual assessments of our subsidiaries' occupational health and safety performance and establish a performance compensation incentive mechanism tied to the safety performance of our subsidiaries and work safety managers. This approach rewards individuals or organizations demonstrating outstanding performance while deducting corresponding performance scores in response to work safety incidents, thus making solid efforts to encourage safe work safety.

During the Reporting Period, CMPort did not have any work safety accident classified as Level II or above, achieving the overall goal for safety management.

Safety Management Sub-Targets

Key Performance

Number of major safety incidents:

Improving Service Quality

The Company always prioritizes customer needs, actively listens to customer feedback, and is committed to providing an efficien and considerate service experience. The Company has accelerated innovation and upgrading by deepening digital and intelligent empowerment, vigorously developing new quality productive forces, and improving operational efficiency and service quality. In 2025, the Company was selected for the working task force of the International Organization for Standardization Technica Committee in the port sector, led by the Ministry of Transport; the Container Terminal Intelligent Upgrade and Renovation pilot project for building a strong transportation nation undertaken by the Company has been successfully passed on-site inspection; MaWan Smart Port received the five-star Smart Port plaque, and ePort won the First Prize in the technology category from the China Ports & Harbors Association; CTOS was launched at multiple overseas terminals, including Brazil's TCP, Italy's DTM, and Turkey's KUMPORT.

Customer Service Quality

Governance

The Operational & Commercial Department at the Company's headquarters is responsible for market and business management (including customer management), performing coordination, supervision, guidance, and evaluation duties. Subsidiaries are responsible for the specific execution and main duties of market and business management.

Strategy

The Company continuously improves customer service quality by empowering service quality with digital intelligence, building a high-quality, efficient, and collaborative service ecosystem, and creating value for customers.

Impact, Risks and Opportunities

The Company adheres to the "always putting customers first" service philosophy by standardizing customer service management, enhancing service quality and efficiency, responding promptly to customer needs, and continuously creating value for customers. For details, please refer to the sections "Optimizing Service Quality", "Promoting Technological Innovation", and "Promoting Industrial Cooperation".

Indicators and Targets

Optimizing Service Quality

The Company adheres to the "always putting customers first" service philosophy, standardizes customer service management, improves service quality and efficiency, and responds promptly to customer needs, continuously creating value for customers. The Company is committed to providing customers with one-stop, comprehensive, high-quality, and efficient first-class port services

Making Services More Standardized

In October 2025, the Company revised and issued Market Business Management Measures, further clarifying specific requirements for customer relationship management, customer service response and complaint handling management, customer information security management, and customer service response and complaint handling management, and standardizing customer service related processes and standards.

Making Services More Efficient

The Company will continue to promote subsidiaries in optimizing service processes, improving service efficiency, and innovating service models to enhance customer service levels and create value for customers.

In 2025, the Company accelerated the optimization and upgrade of CM ePort and fully launched a digitally intelligent, leadership-driven integrated operations model. CM ePort provides centralized and unified online functions for business submission, acceptance inquiry, statistics, and payment. Through functional modules such as visualized inquiries, paperless documentation, online financial management, and open connectivity, it supports 24-hour around-the-clock services and paperless port applications, empowering port business scenarios. By the end of 2025, CM ePort had been launched at 10 ports, with a cumulative total of 20,653 registered enterprises, 200,000 individual users, more than 150,000 daily active users on average, and an average of 5,000,000 request visits per day.

Total number of registered enterprises on CM ePort 20,653

Cumulative number of customers served by CM ePort

251,788

Making Customers More Satisfied

The Company adheres to the "always putting customers first" service philosophy, requiring all subsidiary enterprises to promptly address customer needs and feedback, establish an efficient response mechanism for handling customer complaints, and improve service quality, thereby enhancing customer satisfaction.

China Merchants Port (South China) Bulk Cargo Management Center Promotes the Inaugural Voyage of the "Dandong–China Merchants Port (South China) Bulk Cargo Management Center" Scheduled Bulk Grain Liner Route

To enhance the efficiency and stability of customers' supply chains, China Merchants Port (South China) Bulk Cargo Management Center proactively integrated resources and, together with core shipping companies and Dandong Port, jointly developed a linerized "north-to-south grain transportation" route. By adopting measures such as fixed sailing schedules and fixed routes, we achieved the linerization of transportation services, effectively reducing cargo transit time and uncertainty, and providing customers with an integrated, one-stop, efficient, convenient, and economical grain logistics system.

Shantou Port Achieved Mutual Recognition Across Multiple Customs Zones, Enhancing Customs Clearance Service Standards

Shantou Port launched the "Guang'ao–Shekou" combined port and the "Guang'ao–Nansha" one-port access, enabling information interconnection, port area code sharing, and mutual recognition of customs supervision between the Shantou Guang'ao Port Area and the Comprehensive Bonded Zone, and between the Guang'ao Port Area and Shenzhen Shekou Port as well as Guangzhou Nansha Port. By integrating data from customs, ports, and other parties, the customs clearance process was changed from "two declarations" to "one declaration, one inspection, and one release." Shippers no longer need to separately handle transit customs procedures, effectively improving customs clearance efficiency.

Zhanjiang Port Held a Customer Symposium on the "South China Tiger" Iron Ore Business

Zhangjiang Port hosted the Customer Symposium on the "South China Tiger" Iron Ore Business, inviting representative from steel mills and traders. They conducted in-depth discussions around topics such as spot transactions and collaborative procurement, enhancing overall supply chain service capabilities, reducing the comprehensiv e logistics costs of steel mills. Zhanjiang Port actively responded to customer concerns and put forward solutions for bottleneck issues, injecting new momentum into further building a stable, efficient, and win-win iron ore supply chain ecosystem.

Honour and Recognition

China Merchants Port (South China) Management Center Wins TCL Outstanding Supplier Award

Shekou Container Terminal Co., Ltd. is awarded the Global Terminal Eficiency Award by COSCO SHIPPING Holdings Co., Ltd.

The Company always prioritizes customer needs, actively listens to customer feedback, and is committed to providing an efficien and considerate service experience. The Company regularly holds meetings and visits to understand customer needs and expectations. Additionally, the Company takes full advantage of industry exhibitions, customer appreciation events, and various industry activities to interact with customers and gather feedback, continually improving customer service quality.

The Company actively conducts customer satisfaction tracking and follow-up work to continually improve service quality. In 2025, the Company conducted customer satisfaction surveys for its two core businesses: port operations (container loading and unloading services, bulk cargo loading and unloading services) and port logistics (logistics bonded park). The survey results showed that in 2025, the Company's comprehensive score for port operations and port logistics was 94.03 points, and the overall evaluatio of customer service satisfaction was "Satisfied".

Key Performance

Major customer complaints

Customer complaint resolution rate

100_%

Customer satisfaction survey score

94.03 points

Promoting Technological Innovation

The Company views "innovative transformation" as one of the three main driving forces for development, continuously promoting business model and technology-driven innovation. The Company accelerates the construction of smart ports and leverages digital and intelligent technologies to improve operational efficiency and empower customer service.

Technological Innovation

Governance

The Company's technological innovation efforts are managed by the Technical Engineering Department/Digitalization Intelligence Center. For details, please refer to the section "Promoting Technological Innovation" in this chapter.

Strategy

The Company uses "innovative transformation" as the driving force to strengthen its digital transformation strategy and create comprehensive solutions for smart ports. We have consolidated the management foundation and built a new innovation landscape. With strong collaboration, stringent requirements, robust management, and strengthened supervision as key levers, we focus on three core pillars: planning, management, and incentives. We systematically enhance the capacity and management level of our scientific and technological innovation efforts, and achieve the annual target for investment in R&D expenses.

Impact, Risks and Opportunities

The Company focuses on the impacts brought about by technological innovation, identifies the risks and opportunities of industry technologies for business development, proactively deploys key technological innovations, increases investment in technological innovation, and promotes the development of new quality productive forces. For details, please refer to the section "Promoting Technological Innovation" in this chapter.

Indicators and Targets

Promoting Technological Innovation

Strategic Deployment of Key Technological Innovations

The Company made arrangements in the development of generic technologies of the industry, cutting-edge leading technologies, and advanced technologies of the industry. Through independent, cooperative and commissioned R&D, we aim to form intelligent upgrading and transformation solutions for traditional terminals and comprehensive solutions for smart ports with our own characteristics, transform our terminals and parks into intelligent platforms, and achieve technological innovation and leapfrog development. In 2025, the Company focused on the application of artificial intelligence technologies and advanced system-wide efforts to integrate artificial intelligence.

CMPort Held a Special Deployment Meeting on artificial Intelligence Work Across the Entire System

In October 2025, CMPort convened a special deployment meeting on artificial intelligence (AI) work across the entire system. The meeting was chaired by Xu Song, CEO of CMPort, and attended by Zhu Weida, Deputy General Manager of CMPort. The meeting communicated and studied the key points of the CMG-wide AI work promotion meeting and the requirements of relevant documents, and heard a briefing on the progress of CMPort's AI work in 2025. Going forward, CMPort will, based on high-quality industry data, develop industry models tailored to the Company and build 8 "Port" series industry AI application clusters, namely Port Strategy, Port Control, Port Operations, Port Machinery, Port Innovation, Port Knowledge, Port Information, and Port Data, with a focus on implementing full-industry advancement and building a new industry ecosystem for integrated development of industry digitalization and AI. The Company wil strengthen data governance and process streamlining, use AI-driven technological innovation to drive business mode upgrades, build differentiated competitiveness, focus on implementing full value-chain advancement, and achieve a value leap from point applications to system-wide restructuring. The Company will promote intelligent management and build a convenient and efficient new management model. With data as the foundation and algorithms as the engine, we will promote the decision-making system's shift from experience-dependent to data-intelligent, enhance the scientifi nature, foresight, and accuracy of decisions, implement full-management advancement, and build a modern enterprise management system featuring digital enablement, data-driven operation, and intelligent decision-making.

Building a Technological Innovation System

The Company has established an innovation management system with the Technical Engineering Department/ Digitalization Intelligence Center as the coordinating and managing department, and with relevant functional departments deeply involved, to implement standardized and scientific management of the Company's investment in technological innovation, platform development, transformation and application of innovation achievements, and other activities, thereby improving the technological innovation mechanism and consolidating the foundation for technological innovation.

Increasing Investment in Technological Innovation

In 2025, the Company revised 5 core management systems for technological innovation, including a series of documents such as the Administrative Rules for Technology Innovation Administrative Rules for Innovation-Oriented Projects, Administrative Measures on Innovation R&D Investment Statistics, Implementation Rules for the Selection and Management of Innovation Awards. and Implementation Rules for the Management of Technological Innovation Experts.

The Company emphasizes and supports technological innovation by increasing R&D investment, establishing innovation platforms, and incentivizing innovative achievements. These efforts encourage innovation, stimulate creativity, and create an innovative cultural atmosphere. Through the Implementation Rules for the Selection and Management of Innovation Awards, the Company recognizes and rewards teams or individuals who have made significant innovative achievements in the current year. These innovations include, but are not limited to, technological innovations, technological improvements, process upgrades, and management innovations.

Key Performance

R&D investment

R&D investment as a proportion of operating income

Number of R&D Empployees

Proportion of Number of R&D Employees 5.54

Technological Innovation Results Application

Emerging technologies empower port enterprises to continuously enhance service efficiency, improve quality and efficiency, and energy conservation and carbon reduction. Through the deepening of digital and intelligent empowerment, the Company accelerates the transformation of technological achievements from pilot stages to replication and expansion. By vigorously developing new quality productive forces, the Company aims to improve operational efficiency and service quality.

The Company continuously iterates and promotes the intelligent platform. In 2025, the Company advanced its "One Foundation + Three Platforms" strategic architecture in depth, establishing an intelligent foundation platform with full-factor perception capabilities, and launching eight typical IoT application scenarios including container and bulk cargo equipment operations and maintenance. The new-generation "CMCore" completed R&D and went live, and the TOS breakthrough project passed acceptance by the Ministry of Transport. TCP successfully launched the CTOS system, which comprehensively covers TCP's distinctive customized businesses, including rail-inbound-to-port operations, scanning operations, on-terminal supporting import warehouse operations, and sea-rail multimodal transport (KBT) operations. The SMP platform was implemented at China Merchants Port (South China) Management Center, covering 90% of the cost analysis process; ePort completed the restructuring of its operations service model and expanded value-added services for the logistics supply chain. The volume of autonomous driving operations at Mawan Smart Port exceeded 700,000 TEUs, up 180% year-on-year.

Case Zhangzhou Port Obtained the National High-tech Enterprise Certification

Zhangzhou Port implemented the Innovationdriven Development strategy. Building on our existing Five Small Innovations and Small Technical for Great Output initiatives, it continued to increase investment in scientific research and innovation with a forward-looking vision and determination. Through a series of systematic m ea s u re s , i n c l u d i n g s c i e n t i fi c p l a n n i n g , establishing rules and regulations, and assessment and incentive mechanisms, Zhangzhou Port gradually established and improved a scientific research and innovation framework covering the building of scientific research and innovation teams, the management of innovative R&D projects, the accounting and allocation of R&D expenses, and the protection and application of intellectual property rights. With solid scientific research and innovation efforts, Zhangzhou Port successfully obtained filing for National High-tech Enterprise recognition in January 2025.

Protection of Intellectual Property Rights

The Company respects and protects intellectual property rights. In strict accordance with the laws and regulations such as the Trademark Law of the People's Republic of China, the Patent Law of the People's Republic and to meet other requirements, the Company has formulated and implemented the Administration Regulations on Intellectual Property , which details the application, ownership, protection and utilization of intellectual property rights. Based on the principles of encouraging innovation, facilitating application and managing in accordance with the law, the Company gives full play to the compliance audit, legal risk reminders, anti-infringements, IPR protection and dispute settlements in the declaration, so as to encourage the creation, application, protection, management and service of intellectual property rights. In 2025, there were no cases of intellectual property rights infringement or being infringed upon.

The Technical Engineering Department/Digitalization Intelligence Center is responsible for the Company's intellectual property matters. Through the intellectual property management system, the Company governs overall management on the creation, declaration, utilization and protection of intellectual property rights, and takes corresponding measures to avoid infringing on the intellectual property rights of others. Moreover, the Company requires its subsidiaries to regularly review the validity of their respective intellectual property rights, take appropriate measures to safeguard relevant rights. If a patent is found to be identical or similar to the Company's product or technology, trademark, trade name, logo, etc., an objection shall be filed in a timely manner. To raise employees' awareness of intellectual property rights protection, the Company regularly holds intellectual property rights training and promotes public awareness through self-media platforms.

Patent applications 35

Patent grants 27

Cumulative number of valid patents

347

Patents applied to main business

27

Cumulative number of software copyrights

384

Promoting Cooperation and Communication

The Company continues to construct a supplier ecosystem featuring "openness, shared benefits, and win-win collaboration" Based on the enhanced cooperation and exchange with partners in line with the principle of consultation and win-win cooperation we work with partners to build an "equal, mutually beneficial, stable, green and sustainable" partnership and promote industria prosperity and sustainable development.

Building a Sustainable Supply Chain

The Company continues to standardize supplier management and aims to establish a relationship of mutual trust and win-wi cooperation with suppliers. It actively prevents supply chain risks and promotes the construction of a sustainable supply chains.

Supply Chain Management

Indicators and Targets

Supply Chain Management Framework

The Company's Operational & Commercial Department is responsible for procurement management, including the formulation of supplier management systems, organizing special meetings to address supplier misconduct, conducting dynamic quantitative evaluations and coordination of suppliers, and overseeing the Company and its subsidiaries to carry out supplier management, supplier behaviour rectification and acceptance. Subsidiaries support the headquarters in carrying out these responsibilities, organizing credit reviews for potential suppliers, verifying and recording supplier misconduct information, providing dynamic quantitative evaluation results, tracking supplier rectification, and organizing acceptance inspections.

Supplier Full Lifecycle Management

The Company's supplier management follows the principles of "centralized management, classification and grading, information sharing, and dynamic control", managing the entire lifecycle of supplier entry, evaluation, assessment, and exit, in accordance with the Implementation Rules for Supplier Management. The Company establishes a supplier management platform system and integrates the concept of sustainable development into supplier management.

Supplier Classification and Grading Management

Entry Review

Evaluation and Assessment

Capacity Building

The Company, based on industry practices and business habits, establishes the Supplier Classification Directory according to procurement categories, based on the National Economic Industry Classification. The Company classifies important suppliers as key management targets, defined by their impact materiality and procurement volume.

According to supplier evaluations, the Company categorizes suppliers into four grades: A, B, C, and D, and takes different management measures for each grade. Grade A is for excellent suppliers, Grade B is for good suppliers, Grade C is for ordinary suppliers, and Grades A, B, and C are considered qualified suppliers. Grade D is for unqualified suppliers.

During the credit review stage, the Company required suppliers to complete the Self-Examination . This questionnaire covers areas such as legal regulations, business ethics, health and safety, environment, child labour, forced labour, compensation and working hours, anti-discrimination, employee rights, supply chains, privacy protection, and data security. Suppliers are asked to perform a self-assessment. The procurement unit verifies the supplier's performance capability and sustainability through information and onsite verifications. The focus of information verification is on the supplier's scope of business, qualification certificates, quality assurance system, and the Self-Examination Questionnaire for Suppliers on . The onsite verification focuses on evaluating the supplier's design, R&D, production, testing, safety control, labour environment, and environmental protection to determine whether the supplier meets the required standards.

The Company evaluates suppliers annually following the principle of "multi-party comprehensive evaluation, multi-dimensional, and dynamic quantification". Based on the evaluation results, the supplier grade may be adjusted. For diferent categories of suppliers, ESG risks (e.g., business ethics, labour rights, occupational health, green environmental protection) are included in the evaluation alongside team, technical, quality, and service dimensions. To encourage responsible suppliers, based on supplier rating results, procurement units may give priority to inviting Grade A suppliers to bid for contracts within their competence when other conditions are equal.

The Company communicates regularly with equipment manufacturers, distributors, and project contractors by such means as e-mail, phone, and in-person meeting, and timely informs them of the Company's relevant policies such as the Supplier Code ofConduct. We also organize regular training sessions for suppliers on business ethics, safety, environmental protection, and other aspects. Suppliers' sustainable management capabilities are improved through shared experiences and lessons.

Rectification and Acceptance

Exit Handling

The Company and its subsidiaries regularly record supplier misconduct information, urge suppliers to correct their behaviour, and set deadlines for rectification and acceptance of results.

When a supplier is found to have committed corrupt practices, information leakage, dishonesty, deficiencies in product or service qualities, or falsification of materials or identities, the Company will deduct its points, suspend or cancel the supply contract, or blacklist it forever depending the severity of the situation and the harm caused.

ESG Integration into Supplier Management

The Company has issued the Supplier Code of Conduct which sets out specific requirements for suppliers in environmental protection, labour management and human rights, occupational safety and health, business ethics, and other areas, and requires suppliers to comply strictly. At the same time, when suppliers select tier-one suppliers that directly or indirectly provide goods or services to us, we require that these suppliers also comply with standards similar to those in the Supplier Code ofConduct. In 2025, the Company conducted communication and implementation of the Supplier Code ofConduct for all suppliers, promoting the establishment of a supply chain with standardized transactions and win-win cooperation.

The Company integrated ESG into supplier procurement management. For different categories of suppliers, we set different ESG related bonus and penalty scoring items, effectively incentivizing suppliers to proactively carry out sustainable development practices.

Case

CMPort Wins the Title of CMG Advanced Unit in Procurement Management for Six Consecutive Years

In December 2025, CMPort continued to innovate its management model, comprehensively advanced the development and application of procurement and supply chain informatization, optimized lean procurement management and supplier management, and continuously strengthened its procurement risk prevention mechanism. With its outstanding performance, it was once again awarded the title of Advanced Unit in Procurement Management of CMG, marking the sixth consecutive year that CMPort received this honour. Meanwhile, the project Practice of Building a Standardized and Digitalized Overseas Procurement Management System for CMPort was recognized as an outstanding procurement management project of the Group and was invited to present and share at the meeting.

Key Performance

Total number of suppliers

5,099

Percentage of suppliers signed Honesty and Integrity Agreement 100_%

Number of suppliers with ESG evaluation 3,802

Number of suppliers eliminated for non-compliance 6

Number of Suppliers participated in ESG training 3,802

Number of SME suppliers with overdue payments 0

Collaborative Development and Win-Win Cooperation

The Company actively promotes industrial ecosystem cooperation, deepens collaboration with the governments, universities associations, and enterprises. By participating in industry exchange activities, the Company strengthens communication and collaboration within the industrial chain, working together with partners to build a prosperous, stable, and sustainable industria ecosystem.

Personnel from the Shenzhen Qianhai Authority Visit CMPort for Research and Exchange

Yuan Fuyong, Deputy Director-General of the Shenzhen Qianhai Authority, conducted a research visit at CMBL to investigate CMPort's business development in the Qianhai area. Huang Zhenzhou, CFO of CMPort, Li Wenbo, Deputy General Manager, and Chen Nanlin, Assistant General Manager and General Manager of the Asset Management Center, accompanied the visit. Yuan Fuyong listened to briefings from the China Merchants Port (South China) Management Center, the China Merchants Port (South China) Bulk Cargo Management Center, and CMBL on corporate development and related requests, and gained an in-depth understanding of CMPort's global overseas warehouse footprint and operations. On behalf of the Company, Huang Zhenzhou expressed sincere gratitude for the long-standing support and care provided by the Qianhai Authority, and hoped that both parties would continue to strengthen communication and exchanges in the future, increase business support, and jointly promote the high-quality development of CMPort in the Qianhai area, achieving new record highs in performance.

Delegation of the Fifth China-Africa Rice Value Chain Cooperation Seminar Visited China Merchants Port (South China) Bulk Cargo Management Center for Research

In May 2025, the Delegation of the Fifth China-Africa Rice Value Chain Cooperation Research, organized by the Nationa Food and Strategic Reserves Administration and the China Office of the United Nations World Food Programme (WFP), visited China Merchants Port (South China) Bulk Cargo Management Center, Dongguan Shenchiwan, for a research visit. This exchange activity aimed to gain an in-depth understanding of China's advanced experience, facilities, and equipment in the fields of grain warehousing, transshipment, and logistics, and to explore pathways for deepening practical cooperation in the China-Africa rice value chain. China Merchants Port (South China) Bulk Cargo Managemen Center has always upheld CMPort's philosophy of Bringing Distant Horizons Closer, Connecting Ports for Shared Success, fully leveraging CMPort's global network advantages, continuously deepening cooperation with African countries in grain warehousing, transshipment, logistics, and other fields, actively sharing technology and management experience, and is committed to providing African customers with more efficient, reliable, and professional integrated port logistics services.

Case CMPort Signed a Cooperation Agreement with Dalian Maritime University

In August 2025, CMPort signed a cooperation agreement with Dalian Maritime University in Shenzhen. In the future, the two parties will give full play to their respective strengths, further deepen exchanges and cooperation, and carry out cooperation in areas such as technological innovation, international exchanges, and talent development, jointly supporting the accelerated building of China into a strong transportation nation, a strong maritime country, and a strong education country. Lu Yongxin, COO and General Manager of CMPort, and Shan Hongjun, President of Dalian Maritime University, attended and witnessed the signing.

Maintaining Information Security

The Company attaches great importance to information security and privacy protection, continuously improving its information security and privacy protection management system, and enhancing the level of information security management to provide solid support for the construction of smart ports. In 2025, the Company issued the Information Security and Data Privacy Protection , committing to continuously improving the information security and privacy protection management system, respecting and protecting data privacy, and safeguarding the lawful rights and interests of employees, customers, and other relevant parties. No major information security or privacy breaches occurred in 2025.

Building the Safety System

At CMPort, the principal leaders are responsible for information security, with CEO directly responsible for it. The leading group of digitalization is the top management body, and the digitalization office is the execution body for information security management, including security attack and defence, building the information security system and the information security protection system for the Company and our subsidiaries. An information security system covers all the employees is in place, to ensure the effective information security management.

The Company has issued internal management system documents such as the Information Securit Mana ement Re ulations (2020 Edition), the Confidentiality Provisions. Measures for the Protection of Trade Secrets. Measures for Confidentiality Management of Overseas Units, and Administrative Measures for the Confidential Computers and Accessory Eguipment at the Headguarters. These documents cover systems including data classification and grading, usage processes, user information management, and trade secret protection, thereby establishing information security control requirements covering the entire business chain. Furthermore, the Company conducts information security and privacy protection activities tailored to different information owners.

Employee Privacy Protection

The Company respects and protects employee privacy, and complies with relevant laws and regulations on personal privacy protection, strictly implementing policies related to the security of employee personal data (privacy). Employee awareness o personal privacy protection is strengthened through training, ensuring that employee personal privacy is properly safeguarded. At the same time, the Company requires employees to manage confidential information in their daily work and assume responsibility for confidentiality. The protection of business information confidentiality is included in employee performance evaluations. If any employee is found to have leaked confidential information, the Company will take appropriate disciplinary action according to the Employee Serious Misconduct Dismissal Management Measures and the Confidentiality Provisions

Customer Information Security

The Company has introduced the Administrative Measures for Market and Business Management (Trial) and the Administrative , which stipulate the principles of customer information security management, organizational assurance, information classification, information usage, and handling of information breaches. The Company's customer information security management follows the principles of closed management, minimum exposure, and everyone is responsible. It clearly informs customers about the purposes for collecting and using their information and is responsible for the authenticity, completeness, and confidentiality of customer information.

The Company requires both headquarters and subsidiaries to strictly manage the storage, retrieval, destruction, and leak disposa of customer information. If a customer information breach occurs, relevant personnel at the headquarters or subsidiary mus submit a written report to senior management within 24 hours, detailing the content, scope, quantity, format, and process of the leaked information, the basic information of the person responsible for the breach, the potential or actual harm caused by the leak, the actions already taken or to be taken, and the remedial measures planned or already taken, to minimize the impact and losse caused by the breach.

Supplier Information Security

The Company stipulates in the Implementation Rules for Supplier Management that the commercial secrets or personal privacy of suppliers that are accessed or known through business relationships must not be disclosed in any manner. The Company also prohibits using the commercial secrets, intellectual property rights, or business channels of suppliers for personal or others profit or to infringe upon others' privacy. All the subsidiaries are required to figure out the approval processes for the retrieval and access of suppliers' relevant data stipulated in the Implementation Rules for Supplier Management. In the course of business, al the subsidiaries are required to keep written records to avoid any form of suppliers' privacy and data leakage. Furthermore, the Company clearly defines both parties' rights and obligations regarding information security and privacy protection as fixed clauses in the standard contracts used in supplier cooperation.

CMPort published Information Security and Data Privacy Protection Policy Statement

Policy objective

To standardize day-to-day information security and data privacy management, prevent information security risks, avoid major incidents, and ensure lawful and compliant operations and business continuity.

Scope of application

CMPort and its subsidiaries over which it has operational control, covering all of the Company's business and operational activities.

Core Content

• Information grading and classification: The Company grades and classifies information based on its importance and sensitivity to ensure the accuracy and integrity of information.

Information collection, storage, transmission, and use: The collection of personal information shall follow the principles of legality, legitimacy, and necessity, clearly stating the purposes, methods, and scope of information collection and use, and obtaining the consent of the data subject. Personal information shall be stored in a secure environment, with technical measures such as encryption and backups adopted. When transmitting personal information, security technical measures such as encryption shall be adopted. When using personal information, the security of persona information shall be ensured. Without the consent of the data subject, personal information shall not be used for othe purposes.

Enhancement of the information security management system: All employees have an obligation to safeguard information security and protect data privacy in their daily work. The departments responsible for information security management are responsible for maintaining and updating relevant institutional documents for information security management.

Business continuity plan: The Company has established and improved a cybersecurity risk assessment and emergency response mechanism, monitors and analyses information security vulnerabilities, and promptly completes vulnerability remediation. It has formulated emergency response plans for information security incidents and regularly organizes drills.

Information security management for partners: The Company clearly specifies the information security and privacy protection responsibilities of both parties in cooperation agreements and confidentiality agreements with partners to ensure that business cooperation activities are lawful and compliant.

Prevention and Control of Safety Risks

The Company continued to actively advance cybersecurity efforts, implementing the construction of the Cyber Asset Management Platform, Situational Awareness Platform, Vulnerability Management Platform, and Command Platform, effectively managing and controlling information security risks

Conducting Emergency Drills

Strengthening Vulnerability Remediation

The Company developed emergency plans for cybersecurity incidents such as virus infections, phishing emails, and ransomware attacks based on business needs, and conducted planned emergency response drills. In 2025, the Company continued to maintain "Zero Failure" in internal special initiatives, and carried out more than 20 emergency response drills, mainly targeting scenarios such as infrastructure failures and network failures. These drills validated the effectiveness of existing emergency plans and tested the timeliness of the teams' execution of the plans.

The Company continues to scan for and remediate information security vulnerabilities. In 2025, the Company identified and discovered 1,265 information security vulnerabilities and successfully remediated all of them, achieving a 100% closure rate for vulnerabilities.

Clarifying the Reporting Process

Improving Risk Control Capabilities

The Company established a clear process for reporting suspicious information security incidents. Upon discovering a security event, the responsible personnel must take necessary actions to prevent further escalation and immediately report it to the information security management body at their level. The report is then escalated up to CMPort. The information security management body at each level is responsible for assessing the event's nature, conducting investigations, and taking appropriate control measures based on the event's severity. Once the event is handled, relevant departments must summarize lessons learned, propose preventive measures, and ensure their implementation by the relevant units.

The Company carried out information security training for headquarters and all subsidiaries. In 2025, a total of 2,602 individuals participated in the training, accumulating 572 hours of training, with 210 senior executives participating. Additionally, the Company integrated information security into the annual performance assessment of employees, linking it to their performance compensation, thereby increasing the attention given to information security.

Key Performance

Subsidiaries passing ISO 27001 certification:

Subsidiaries with Level 3 Information System Security Protection Certification:

_Percentage _of _subsidiaries _with _Level ₃ _Information _System _Security _Protection _{Certification:} 21.05_%

Total duration of information security training 572 _hours

Major information security privacy breach

Information security emergency drills _over 20 _times

Contributing to Social Development

The Company actively assumes our social responsibilities and are committed to driving the development of the communities where we operate through our business operations. We provide support and give back in areas such as infrastructure development, education and culture, medical assistance, and care for vulnerable groups, establishing transparent, harmonious, and inclusive cooperative ties with communities, and promoting shared prosperity.

Participate in Community Development

The Company always pays attention to the development of communities in the regions where it operates, with a global perspective It deeply practices the concept of "win-win prosperity" and while developing its business, actively promotes the economic, social and cultural development of the local areas. The Company formulated and released Community Engagement Policy committed to continuously promoting community communication and integration between the port and the community, focusing on environmental protection, caring for persons with disabilities, older groups, children's education, and women's vocationa education in the community, and advancing the shared vision of common prosperity for the port and the community

China Merchants Port (South China) Management Center Conducted the Environmental Public Welfare Activity Titled "Let Nature Be More at Ease"

In October 2025, China Merchants Port (South China) Management Center, with Let Nature Be More At Ease as the core theme, carefully planned and implemented a series of environmental public welfare activities that were both practical and engaging. The event specially invited a professional environmental foundation to jointly carry out the initiative, embedding environmental concepts into community living scenarios. Through multi-dimensional and immersive interactive formats, it conveys new propositions for green living to residents.

At the event site, the volunteer team, through vivid graphic display boards, fun quizzes, and case sharing, systematically provided science-based education on Shenzhen's waste sorting standards, classification techniques and recycling value for recyclable materials, with a particular emphasis on the importance of reducing the use of plastic bags and other single use plastic products in lowering the environmental burden. In response to the cognitive characteristics of residents across different age groups, staff patiently answered common questions encountered in daily waste sorting, guiding everyone to shift from "I should be environmentally friendly" to "I want to be environmentally friendly", so that green concepts truly became integrated into everyday details of life.

Qianhaiwan Property Held the Green Public Welfare Initiative Titled "Ecological Light, Ushering in Green Shekou"

Approaching World Earth Day 2025, Qianhaiwan Property, together with the Shekou Community Foundation, held the Phase I Green-Friendly Space Public Welfare Initiative of Huigang, themed Ecological Light, Ushering in Green Shekou. The initiative focused on three key dimensions: ecological protection, resource recycling, and community co-building, and was committed to transforming environmental actions into engaging experiences that are tangible and participatory.

This event launched an environmental initiative through green check-in badges, public welfare "little red flowers," and reusable coffee cups, and also delivered a public welfare lecture on sustainable development. Public welfare lecturers were invited to explain Green Narratives for Enterprises Going Global and Localized Practice of the SDGs, enabling participants to understand, through immersive activities, the urgency of symbiosis between humanity and nature and to jointly build a future sustainable community.

Supporting Social Welfare and Charity

The Company earnestly fulfils its responsibility as a corporate citizen and central enterprise to contributing to social development, by carrying out charitable donations and public welfare volunteer services.

Charitable Donations

The Company carries out charitable donations in accordance with systems such as the Administration Measures on the Compliance , which clearly stipulate that all charitable donation activities are managed centrally by the Company. When conducting charitable donations, it is imperative to adhere to applicable laws and regulations. The Company's practices should align with national guidelines and policies, ensuring compliance with ethical standards and avoiding violations of social morality. Furthermore, charity activities must not compromise public interests or infringe upon the lawful rights and interests of other citizens. Donations should not be used as a means to gain unfair competitive advantages or other improper benefits in areas such as financing, market access, administrative licensing, or resource acquisition.

NPH Sponsorship of a Community Reading Centre

NPH carried out the community reading centre (TBM) public welfare program, aiming to provide children with a relaxed and enjoyable learning space where they can access literacy, develop creativity, and learn new things outside formal school. NPH provided each centre with operational funding support, disbursed quarterly, to ensure the implementation of activities and daily operations. Through these activities and support, local children gained a safe, fun, and meaningful alternative learning space, supporting their growth and development.

HIPG Continuously Launched the "China Merchants Silk Road Hope Village" programme to Support Community Development

With the support of China Merchants Charitable Foundation, HIPG continued to implement the "China Merchants Silk Road Hope Village" project, focusing on Kendagasmanke Village to improve local infrastructure, introduce modern agricultural technologies such as intelligent irrigation greenhouses, and strengthen farmers' market access. The project has benefited over 2,200 residents.

In September 2025, representatives of the project's beneficiary groups were invited to China to participate in the Second International Civil Society Solidarity Conference on the Global Development Initiative and present the project. This initiative has strengthened the Company's sustainable development image and created a more stable communit environment for the local area, contributing to long-term business operations.

Public Welfare Volunteer Services

The Company has established an integrated public welfare and volunteer service system spanning the Chinese mainland and overseas, proactively integrating into the life and culture of its operating locations, and actively carrying out public welfare volunteer services. Through concrete actions, we enhance community well-being and promote port-community integration, creating a new public welfare calling card for China Merchants' centennial development and sharing the fruits of development with the people.

Shunde Xingang Held a Volunteer Service Activity Themed "Uniting for Value Creation"

In March 2025, to consolidate the building of the "Tongxin Tonglian" Party-building brand, further promote the Lei Feng Spirit, and put into practice the purpose of serving the people, the Shunde Xingang Party Branch organized a Learn from Lei Feng volunteer service activity. In collaboration with the Nanhua Village Committee, the Nanhua Village CYL General Branch, and Xingtan Hospital Affiliated to Shunde Hospital of Southern Medical University, we provided local villagers with services such as appliance repair, free haircuts, safety awareness promotion, and free medical consultations. In this activity, we provided free maintenance checks for 26 appliances for villagers, delivered 38 free haircuts, and provided free medical consultations for more than 100 person-times.

Shantou Port Carries out the Public Welfare Condolence Activity Titled "Dream Messages, Walking Together on the Road of Charity

Shantou Port volunteers and teachers and students from Guang'ao School formed a "Caring Task Force" to carry out th activity titled Dream Messages, Walking Together on the Road of 'Charity'" for families in difficulty. Through home visits the volunteers delivered "Dream Energy Packs" to students in need in the Guang'ao Community, including stationery gift boxes, schoolbags, and daily necessities, gained an in-depth understanding of the students' living conditions, and encouraged them to maintain a positive mindset and stay focused on their studies. This activity was one of the "Big Hands Holding Small Hands, Mapping Out a Blueprint for Dreams" campus public welfare activity series. It not only put into practice the CMG's Public Welfare Three Hours initiative, but also provided a practical platform for youth volunteers.

CICT and HIPG Actively Participate in Local Flood Disaster Relief in Sri Lanka

In 2025, Sri Lanka suffered the most severe natural disaster in recent years due to the impact of the severe tropical cyclone "Ditwah". The Company promptly launched multi-level charitable assistance, assisting China Merchants Charitable Foundation in donating USD 150,000 to the Sri Lanka Red Cross Society, specifically earmarked for emergency relief for disaster victims, procurement of basic living supplies, and post-disaster reconstruction support. Meanwhile, HIPG and CICT jointly provided funding support. HIPG arranged for its cafeteria to urgently prepare and deliver 1,000 meals to disasterstricken areas. CICT distributed relief materials to 28 affected employee households and urgently procured food, medicine, and agricultural tools for donation to disaster areas in and around Colombo and Hambantota, helping victims resume normal production and living conditions as soon as possible.

China Merchants Port (South China) Bulk Cargo Management Center Carries Out a Dual-City Linked Themed Blood Donation Event

In March 2025, during the Lei Feng Volunteer Service Month, China Merchants Port (South China) Bulk Cargo Management Center joined hands with the blood centres in Shenzhen and Dongguan to simultaneously launch a Dual-City Linked Themed Blood Donation Event. More than one hundred employees participated, interpreting responsibility and commitment through concrete actions and enabling the hope of life to continue through the transmission of warm blood.

Key Performance

Total charitable donations

_RMB 21.5135 _million

Average volunteer service hours per person 0.70 _hours

Response to Rural Revitalization

The Company is fully committed to supporting the national rural vitalization strategy in line with the Law ofthe Peo le 's Re ublic . We comprehensively implement the new requirements outlined by the 20TH National Congress of the Communist Party of China for advancing rural revitalization, accelerating the construction of an agriculturally strong nation, and building liveable, business-friendly, and beautiful villages. Leveraging our expertise, we aim to solidify the achievements of poverty alleviation efforts and enhance the work system of rural vitalization. Through a comprehensive approach encompassing consumption-driven initiatives, livelihood assistance, and educational and cultural programs, we are conducting multi-level and multi-sectoral rural vitalization.

Case Zhanjiang Port Carries Out Multiple Rural Revitalization Projects

According to the Proposal for Zhanjiang City's 2025 "6·30" Rural Revitalization Support Initiative issued by the Zhanjiang Guangdong Poverty Alleviation and Assistance Day Activity Office and the Zhanjiang Charity Federation, Zhanjiang Port donated RMB 1.5 million to the Zhanjiang Charity Federation and the Xiashan District Charity Federation, which was earmarked for the Company's related rural revitalization projects. Of this amount, RMB 500,000 was used for the construction costs of a new sea-harvesting access route for fishermen in Baoman Village.

The Company made full use of the 6·30 poverty alleviation and assistance donations to promote environmental beautification and industrial revitalization in the rural villages and towns to which it was assigned for targeted support. In February 2025, we donated RMB 20,000 for greening saplings for Macheng Village and Baoxi Village. In March, we completed the construction of a cultural corridor in Baoxi Village, Jiaowei Township, Xuwen County. In September, we completed an upgrade and renovation project for the farmers' market in Macheng Village, Haian Town, Xuwen County. Ahead of the Spring Festival and the Mid-Autumn Festival, Company leaders led teams to visit 20 households under monitoring for preventing a return to poverty in each of the assigned villages, namely Macheng Village in Haian Town, Xuwen County, and Kengzai Village. Ahead of the Mid-Autumn Festival, the Company donated a batch of physical education teaching supplies to Baisha Primary School in Xuwen County and visited children in difficult circumstances in Macheng Village.

推进乡村教育振兴

招商港口乡村教育公益项目十周年

CMPort Carried Out a Series of Consumption Assistance Activities

CMPort strictly implemented the consumer-assisted poverty alleviation requirements of CMG and solidly advanced assistance work in poverty-alleviated areas.. The Company purchased a series of agricultural products from poverty-stricken areas under the "27° Nong" brand through the "Fu You Zhao" platform. This procurement and assistance initiative was specifically aligned with four key assistance regions: Weining Yi, Hui, and Miao Autonomous County in Guizhou Province, Qichun Count in Hubei Province, Yecheng County and Shache County in the Xinjiang Uygur Autonomous Region. By adopting an approach of providing assistance through purchases, it directly supported the production and sales of local agricultural products in th assisted regions, helped consolidate and expand the achievements of local poverty alleviation efforts, and injected practical momentum into the comprehensive advancement of rural revitalization.

Case CMPort Launches a Series of Projects Called "Rural Education Public Welfare Program Growth Camp"

Since launching the CMPort Rural Education Public Welfare Project in 2015, the Company has established a three-inone child care service system of "Summer Camp—Growth Camp—Support Camp". A total of RMB 10.09 million has been invested, covering 25 rural schools and benefiting nearly 30,000 children. The program has also created opportunities for parent-child reunions for 260 port families, contributing to rural revitalization by keeping the spark of education alive. In December 2025, the 10th Anniversary Theme Event of China Merchants Port Rural Education Public Welfare Project was successfully held in Shunde, Foshan. The first "China Merchants C Me Fly Innovation Space" was officially inaugurated, and the project brand "Harbor for Future" was newly launched, marking the transformation and upgrade of the project from rural education assistance to focusing on science and technology innovation co-education for youth in port and surrounding communities. The CMPort Rural Education Public Welfare Project was shortlisted for the finals of the 2025 Shenzhen Public Welfare and Charity Project Competition, and received the 2025 Shenzhen Public Welfare and Charity Project Competition Three-Star High-Quality Project award.

Key Performance

Total investment in rural revitalization

_RMB 6.0174 _million

Number of beneficiaries from rural revitalization 20,000 persons

Wuhua and Lianping Children's Growth Camps

In May 2025, the CMPort volunteer team travelled across the mountainous areas of northern Guangdong and visited Kongmu Primary School and Lian'an Primary School in Qiling Town, Wuhua County, Guangdong Province, as well as Panshi Primary School in Dahu Town, Lianping County. They successfully held 3 children's growth camp activities, delivering Children's Day gifts and Dragon Boat Festival blessings to nearly 300 rural children.

Zhanjiang Growth Camp

In June 2025, the Zhanjiang Growth Camp, part of CMPort's 2025 rural education public welfare program, and the celebration of Children's Day performance at Baoman School in the Baoman Campus of Zhanjiang No.1 Primary Schoo were successfully held. Through diverse formats, including cultural performances, a fun sports meet, public welfare courses, and facility donations, the event delivered Children's Day blessings to rural children, empowered rural revitalization through education, and supported the effective implementation of the "High-Quality Development Project in Counties, Towns and Villages For Rural Vitalization"

Appendix

Table of Key Performance Indicators (KPIs)1

Table of Social Performance Indicators

Note:

1. The total number of employees includes full-time employees, part-time employees, contract workers and labour dispatch employees. Owing to adjustments in statistical definitions, the total number of part-time employees, contract workers and outsourced employees in 2024 has been retrospectively corrected.

2. Owing to adjustments in statistical definitions, relevant indicators of employee turnover rate have been restrospectivel corrected.

3. Human capital return on investment = [revenue - (operating expenses - employee salaries and benefits expenses)] / employee salaries and benefits expenses

4. Work-related injury rate (full-time employees) = the number of full-time employees with work-related injuries / the total numbe of full-time employeesx100%

5. The injury rate per 1,000 employees (full-time employees) = the number of full-time employees' work-related injuries /(tota number of full-time employees / 1,000) = work-related injury rate (full-time employees) x 1,000 The 2024 data have been adjusted and restated retrospectively.

6. Employee LTIR = (employee lost working hours x 1,000,000) / (total working hours of full-time employees during the accounting period)

7. Contractor LTIR = (contractor lost working hours x 1,000,000) / (total working hours of contractor during the accounting period)

8. Employee LWD = (total number of employee lost workdays x 200,000) / (total employee working hours during the accounting period)

9. Contractor LWD = (total number of contractor lost workdays x 200,000) / (total contractor working hours during the accounting period)

10. Employee LTIFR = (number of employees lost-time work-related injuries) / (total working hours of employees during the accounting period) x 1,000,000. The 2024 data has been retrospectively corrected.

11. Contractor LTIFR = (number of contractor lost-time work-related injuries) / (total working hours of contractor during the accounting period) x 1,000,000

12. Employee injury rate per 1 million working hours = the number of full-time employee work-related injuries / (total working hours of employees during the accounting period) x 1,000,000

13. Contractor injury rate per 1 million working hours = the number of contractor work-related injuries / (total working hours of contractor during the accounting period) x 1,000,000. The 2024 data has been retrospectively corrected.

14. The statistics include the duration of safety training for employees in safety management positions. The scope of data does not cover LCT.

15. The data scope for work safety investment in 2024 did not include LCT.

16.Owing to adjustments in statistical definition, the related indicators of cumulative number of valid patents have been restrospectively corrected.

17.Owing to adjustments in statistical definition, the related indicators of cumulative number of software copyrights have been restrospectively corrected.

18. The statistical basis for the number of people receiving assistance changed during the Reporting Year. To better compare data with previous years, the 2024 data has been retrospectively adjusted.

Governance Performance Table

Note:

1. The Chief Executive Officer (CEO), Chief Operating Officer (COO), General Manager, Deputy General Manager, Secretary of the Board of Directors, Financial Officer, Chief Legal Counsel (Chief Compliance Officer), and other individuals recognized by the Board as Senior Management members are under the scope of the Company's Senior Management. Due to changes in the definition of indicators and statistical criteria this year, this report has retrospectively adjusted the 2024 data.

Index of the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (Trial)

Index of Guidelines Chapter

Index of Guidelines Topics

Index of GRI Standards

Supporting the United Nations Sustainable Development Goals (UN SDGs)

UN SDGs Alignment	Report Chapter	Location
SDG 1 No Poverty	12 Contributing to Social Development
SDG 2 Zero Hunger	12 Contributing to Social Development
SDG 3 Good Health and Well-being	09 Ensuring Safety and Health
SDG 4 Quality Education	12 Contributing to Social Development
SDG 5 Gender Equality	08 Caring for Employee Growth
SDG 6 Clean Water and Sanitation	06 Enhancing Resource Utilization
SDG 7 Affordable and Clean Energy	04 Tackling Climate Change06 Enhancing Resource Utilization
SDG 8 Decent Work and Economic Growth	08 Caring for Employee Growth

UN SDGs Alignment	Report Chapter	Location
SDG 9 Industry, Innovation and Infrastructure	10 Improving Service Quality
SDG 10 Reduced Inequalities	08 Caring for Employee Growth
SDG 11 Sustainable Cities and Communities	06 Enhancing Resource Utilization12 Contributing to Social Development
SDG 12 Responsible Consumption and Production	05 Improving Environmental Management07 Strengthening Ecological Protection
SDG 13 Climate Action	04 Tackling Climate Change
SDG 14 Life Below Water	07 Strengthening Ecological Protection
SDG 15 Life on Land	07 Strengthening Ecological Protection
SDG 16 Peace, Justice and Strong Institutions	01 Improving Corporate Governance02 Strengthening Compliance Management
SDG 17 Partnerships for the Goals	10 Improving Service Quality12 Contributing to Social Development

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