上海紫江企业集团股份有限公司关于为控股子公司提供担保的进展公告

2025 SUSTAINABILITY REPORT

About This Report

Report Overview

This is the second Sustainability Report issued by Shanghai Zijiang Enterprise Group Co., Ltd. (“Zijiang Enterprise,” the “Company,” or “we”). It outlines the Company’s sustainability actions and progress during the reporting period. Prior to this, we had published ESG reports for four consecutive years. This report presents our strategic progress, management practices, and performance on sustainability matters in response to stakeholder concerns.

Scope of the Report

This report covers Shanghai Zijiang Enterprise Group Co., Ltd. and its subsidiaries, consistent with the scope of entities consolidated in the financial statements. It describes the Company’s sustainability management practices for the period from 1 January, 2025 to 31 December, 2025 (the “reporting period”). To enhance completeness, certain statements and data may, where necessary, refer to previous years.

Basis of Preparation

This report has been prepared in accordance with the relevant requirements of the Self-Regulatory Guidelines No. 14 for Listed Companies of the Shanghai Stock Exchange — Sustainability Reports (Trial), with reference to the GRI Standards, the United Nations Sustainable Development Goals (UN SDGs), and the Task Force on Climaterelated Financial Disclosures (TCFD). It also reflects the sustainability priorities of investors, customers, and the industry, so that the disclosures respond to the information needs of key stakeholders.

Data Reliability Declaration

The information disclosed in this report is primarily derived from the Company’s internal management systems, operating statistics, and consolidated data. Necessary internal review procedures were completed during the compilation process. The report was approved by the Board of Directors on 27 April, 2026 following confirmation by management.

Report Access

This report is published as a standalone Sustainability Report in both Chinese and English. In the event of any discrepancy, the Chinese version shall prevail. The electronic version is available on the Shanghai Stock Exchange disclosure website and the oficial website of Zijiang Enterprise.

Reference

Feedback

For any questions about this report or requests for further information, please contact:

Shanghai Zijiang Enterprise Group Co., Ltd.

7C, Hongqiao Business Building, No. 2272 Hongqiao Road, Changning District, Shanghai, China

Tel: +86-21-62377118

Email: zijiangqy@zijiangqy.com

Table of Contents

06 Message from the Executive About Zijiang Enterprise 08 Company Overview 10 Awards and Recognitions

Sustainability Strategy 14 Sustainability Strategy 17 Double Materiality

Journey with Community

48 Industry Development 51 Community Engagement 53 Philanthropy

Nurturing Workforce

80 Employee Rights and Interests 82 Career Development and Training 85 Compensation and Benefits 90 Health and Safety

Zero Carbon Transition

24 Climate Action 29 Energy Management 34 Building a Low-Carbon Value Chain

Integrated Resource Eficiency

56 Environmental Management 61 Resource Efficiency

Governance & Compliance Excellence

98 Corporate Governance 102 Business Ethics 102 Information Security 104 Supply Chain Management

Innovative Packaging Solutions

Advanced Manufacturing

64 Product Quality 65 R&D and Innovation 67 Customer Collaboration 73 Lean Operations

Message from the Executive

As the global economy moves steadily toward a more sustainable future, a company’s long-term competitiveness increasingly depends on its ability to remain resilient amid uncertainty, act responsibly, and continue creating long-term value. For traditional manufacturers, achieving sustained growth through economic cycles is no longer simply a matter of scale or eficiency. It is also a broader test of how resources are allocated, how the business is run, and how future development is defined.

Zijiang Enterprise is guided by a long-term perspective, with prudent operations and value creation at the heart of its development philosophy.

Since its founding, we have remained focused on our core business, respected industrial fundamentals, and continuously refined our development path in response to a changing external environment. As a company rooted in the packaging industry, we have always looked beyond short-term gains toward more durable value creation.

We believe corporate value lies in the ability to provide customers and society with stable and reliable product solutions in a more eficient, less resource-intensive, and more sustainable way. On this basis, we continue to embed sustainability into product design, manufacturing systems, and management decisions, making it an integral part of how we operate and translating it into stronger operational quality and service capability.

In 2025, we became even more convinced that sustainability must evolve from experience-led action to systematic planning, and from isolated practices to enterprisewide coordination. Based on a comprehensive assessment of our development stage, industry trends, and long-term risks and opportunities, we carried out a group-level review and upgrade of our ESG management system. We also formally introduced the Z-Value sustainability strategy framework, placing sustainability at the center of our future development agenda.

Centered on long-term value creation, the Z-Value sustainability strategy systematically integrates low-carbon transition and environmental responsibility, innovation-driven products and smart manufacturing upgrades, resource eficiency improvement, talent and organizational capability building, community impact creation, and sound, transparent, and responsible corporate governance. Z-Value represents a structured refinement of Zijiang Enterprise’s established development logic. It is designed to embed sustainability into operations, management decisions, and business expansion in a more comprehensive and consistent way.

Zijiang Enterprise remains committed to becoming a leading packaging manufacturer and service provider in China, delivering high-quality and sustainable solutions to customers. Industry leadership is not the end goal; it is the baseline expectation for professional capability and corporate responsibility. More importantly, over the long course of business development, we seek to grow together with employees, customers, and value chain partners, and to help advance the industry toward a more eficient, low-carbon, and sustainable future.

Guided by long-termism and grounded in our business characteristics and stage of development, we will continue advancing the Z-Value sustainability strategy, strengthening our capability for sustainable operations, and creating lasting value in a prudent, transparent, and responsible manner — together shaping a more sustainable future.

About Zijiang Enterprise

Company Introduction

Shanghai Zijiang Enterprise Group Co., Ltd. (Stock Code: 600210) was founded in 1988 and listed on the Shangha Stock Exchange in 1999. Based in Shanghai with a nationwide network and expanding overseas presence, it is a leading packaging manufacturer and service provider in China, delivering high-quality, sustainable solutions.

Company Overview

Built around packaging, Zijiang Enterprise also operates in import and export trade, real estate, and venture investment. It has interests in over 100 companies, nearly 7,000 employees, and a business network across China and overseas.

Guided by prudent operations and long-termism, the Company continues to invest in capacity, technology, and management to strengthen scale, quality, and service.

Core Values

Vision

To Become the Most Respected Enterprise

Values

Devotion, Simplicity, Sustainability, Persistence

Packaging Business

Industrial Layout

Motto

Behave Honestly, Work Sedulously

Real Estate Business

Zijiang Enterprise

Venture Investment Business

Trade

Beverage Packaging

Paper & Plastic Packaging

Zijiang Enterprise Packaging Business

Business Segment

PET Bottles and Preforms

Beverage OEM

Seven regional clusters and over 50 plants nationwide. Annual capacity exceeds 20 billion units, serving beverages, water, dairy, edible oils, condiments, and personal care products, with PET solutions for Fortune Global 500 companies and leading domestic brands.

Crown Caps and Labels

Operates nine production bases nationwide with annual capacity of nearly 5 billion bottles. Products cover carbonated drinks, tea beverages, juices, protein drinks, and health foods, with hot-fill, aseptic cold-fill, and carbonated-fill capabilities.

Business and Capability Overview

Manufactures crown caps, ring-pull caps, shrink labels, high-transparency PE shrink film, and hygiene packaging. Annual capacity exceeds 30 billion labels, 30 billion crown caps, and 800 million hygiene packaging bags, supported by long-term partnerships with major industry players.

Tamper-Evident Plastic Caps

Equipped with advanced international production equipment, the business operates more than 60 production lines across six domestic and overseas production bases. With annual capacity approaching 30 billion units, it can meet diverse market needs such as laser coding, promotional labeling, and outer-cap printing, serving more than 600 customers, including leading players in beverages, bottled water, and dairy.

Color Paper Packaging

Plastic Composite Packaging

Provides direct food-contact packaging, folding cartons, takeaway boxes, and pre-printed cartons, supported by both ofset and flexographic printing. Products serve food, pharmaceuticals, daily necessities, and cosmetics, with long-term multinational partnerships.

Develops and manufactures laminated flexible packaging for food, personal care, and pharmaceuticals. The business also participates in national and industry standards and exports to markets across the Americas, Asia, and Europe.

Metallized Paper and Paperboard

Provides end-to-end services from packaging design to vacuum metallization. Products include metallized board and waterproof label paper for premium and anti-counterfeiting packaging in tobacco, cosmetics, and food.

PE and PA Films

Integrates R&D, manufacturing, and sales in polyethylene film and serves leading hygiene product brands. Biaxially oriented nylon film capacity reaches 20,000 tons per year.

Water-Soluble Films

Focused on the R&D, production, and sale of water-soluble films, with capacity above 1,500 tons. Applications include laundry pods, agrochemical pods, dishwasher tablets, marble release films, and water-transfer printing films.

Awards and Recognitions

ESG Ratings

Sustainability Strategy

14 Sustainability Strategy

17 Double Materiality

Built on long-term operating practice, Zijiang Enterprise has elevated sustainability into a systematic strategic framework. Guided by long-termism, the Company regards sustainability as a core enabler of prudent operations and long-term value creation, and uses a clear framework to align priorities and actions.

M

Sustainability Strategy

Zijiang Enterprise’s long-term development depends on systematic progress in resource eficiency, production models, organizational capability, and governance. Building on existing sustainability practices, the Company has further clarified its overall framework and core sustainability priorities to strengthen resilience and long-term value creation amid a changing external environment.

Z-Value Sustainability Strategy

The Z-Value Sustainability Strategy is a framework shaped by Zijiang Enterprise’s long-term operating practice and corporate culture. It is designed to manage environmental, social, and governance priorities through a systematic approach and embed them into core business processes.

Zero Carbon Transition

Innovative Packaging Solutions

Journey with Community

Integrated Resource Eficiency

Advanced Manufacturing

Nurturing Workforce

Governance & Compliance Excellence

Zero Carbon Transition

Zijiang Enterprise focuses on low-carbon transition, treating climate and resource constraints as key conditions for long-term operations. It continues to optimize its energy mix, production

Innovative Packaging Solutions

Driven by innovation, the Company continues to upgrade packaging materials, product design, and solutions. While meeting diverse customer needs, it enhances environmental performance and functional value, supporting higher-quality growth in its packaging business.

Journey with Community

Zijiang Enterprise values shared development with employees, partners, and communities. Through responsible operations and long-term collaboration, it promotes shared value creation across the value chain and builds relationships based on trust and mutual benefit.

Integrated Resource Eficiency

The Company improves the eficiency of water, raw materials, and other key resources through systematic management, advancing both resource allocation optimization and circular use. This helps reduce operating costs and environmental impact while enhancing overall operational eficiency.

Advanced Manufacturing

With advanced manufacturing and lean management at its core, Zijiang Enterprise continues to

Nurturing Workforce

The Company follows a people-centered approach, with strong emphasis on employee development employee skills and organizational vitality, and builds long-term talent strength.

Governance & Compliance Excellence

Zijiang Enterprise continues to strengthen its governance structure and compliance system, reinforce transparency and accountability, and improve risk management and internal control, laying a solid governance foundation for prudent operations and sustainable development.

Double Materiality

To identify sustainability topics that matter most to long-term development and stakeholders, Zijiang Enterprise introduced the double materiality principle in preparing its 2025 Sustainability Report. The Company systematically assessed sustainability topics from two perspectives: the Company’s impact on the external environment and society, and the impact of these topics on business performance, risk management, and long-term value creation. A standardized process supports both sustainability decision-making and disclosure.

Assessment Process

Stakeholder Identification and Engagement

Step 2

Strategic and Business Context Analysis

Step 3

Topic Identification and Regular Updates

Double Materiality Assessment

Prioritization and Matrix Mapping

From a value chain perspective, the Company identified stakeholders closely linked to sustainability and gathered their key concerns through ongoing communication. During the reporting period, Zijiang Enterprise identified seven major stakeholder groups: customers, shareholders and investors, government agencies, industry organizations, partners, employees, and communities. Their feedback was used as an important input for topic assessment.

The Company reviewed its development strategy, business priorities, and industry environment to identify the key areas that may afect value creation in the current and longer term, providing strategic and operational context for topic identification and materiality assessment.

The Company referenced the GRI Standards, the Shanghai Stock Exchange Guidelines No. 4 on Sustainability Report Preparation, and international frameworks including IFRS S1 and IFRS S2, while considering industry ESG priorities and its own management practices. Based on this process, it regularly reviewed and updated its ESG topic list. During the reporting period, 22 ESG topics were identified across environmental, social, and governance dimensions.

Each topic was assessed from both impact materiality and financial materiality. Impact materiality focuses on the Company’s actual or potential efects on the environment and society across operations and the value chain. Financial materiality focuses on the impact of ESG topics on business performance, risk management, and long-term value creation.

After assessment, the Company conducted an integrated analysis and prioritization of all topics and mapped the results into a materiality matrix to identify the issues most critical to its sustainable development and determine the report’s disclosure priorities.

Stakeholder Engagement

Zijiang Enterprise places strong importance on ongoing stakeholder engagement and views efective response to stakeholder concerns as a key foundation for sustainable development and long-term value creation. During the reporting period, the Company identified and continuously engaged seven key stakeholder groups — customers, shareholders and investors, government agencies, industry organizations, partners, employees, and communities — and adopted diversified communication channels based on their priority concerns to improve relevance and efectiveness.

Stakeholder

Key Concerns

 Environmental Management

 Climate Action

 Customer Service

 Information Security

Shareholders and Investors

Engagement Channels

 Risk Management  Digital Enablement  Lean Operations

 Customer Visits

 Calls

 Product Carbon Footprint Verification

 Shareholder Meetings

 Announcements

 Emails

 Investor Meetings

 Online Investor Platforms

 Investor Calls

Government Agencies  Water Resource Management

 Waste Management

 Occupational Health and Safety

 Employee Rights

 Policy Communication

 Regular Reporting

Core Commitment

 Daily Communication

 Environmental Disclosure

Integrate quality and low-carbon practices across product design, manufacturing, and service, and work with customers to support business growth and green transition.

Strengthen long-term value creation through sound governance forward-looking management, and continuous improvement in operations and strategy execution.

Align closely with policy direction and regulatory expectations, integrate environmental and compliance management into daily operations, and promote coordinated progress in economic development and socia responsibility.

Stakeholder

Industry Organizations

Employees

Community

Key Concerns

 Industry Development  Technological Innovation

 Supply Chain Management  Business Ethics

 Occupational Health and Safety

 Employee Rights

 Talent Development

 Diversity, Equity and Inclusion

 Fair Compensation and Benefits

 Community Engagement  Public Welfare and Charity

Engagement Channels

 Participation in Industry Standard-Setting  Industry Conferences

 Tendering and Procurement

 Business Communication and Collaboration

 Employee Representative Congress  Engagement Surveys  Internal Publications

 Donations  Volunteer Activities  Employment for People with Disabilities

Core Commitment

Contribute practical experience to industry exchange and standard development, support technological progress and collaboration, and promote the healthy evolution of the industry system.

Build a transparent and responsible supply chain collaboration mechanism, integrate sustainability requirements into cooperation processes, and improve resilience and long-term reliability together with partners.

Foster a safe, equitable, and inclusive workplace, combine employee growth with organizational capability building, and strengthen team cohesion and long-term development momentum.

Support community development and public welfare while responding to environmental and social needs, promoting positive interaction between corporate growth and community development.

Materiality Matrix

Through a systematic materiality assessment, Zijiang Enterprise identified the sustainability topics most relevant to its business and stakeholders, taking into account both industry characteristics and corporate strategy. The assessment considered not only the impact of topics on the environment and society, but also their potentia efects on long-term operations, risk management, and financial performance, ensuring that disclosures reflect the Company’s core sustainability priorities.

Based on the double materiality principle, Zijiang Enterprise assessed 22 ESG topics by analyzing impact scope, level of risks and opportunities, and relevance to operations and value creation, and developed a materiality matrix. Six highly material topics were ultimately identified as key disclosure priorities for the 2025 Sustainability Report.

Zijiang Enterprise Financial Materiality

Stakeholder Impact Materiality

During the reporting period, we updated the following topics to better align with the Company’s strategy and goals, while enhancing communication and responsiveness with stakeholders:

In the materiality assessment, Zijiang Enterprise evaluated not only each topic’s environmental and social impact, bu also its potential efect on business performance and long-term financial outcomes. These topics may afect value creation through cost structure, operating eficiency, competitiveness, compliance risk, and financing capability.

Material Topics and Financial Impact Analysis

Zero Carbon Transition

24 Climate Action

29 Energy Management

34 Building a Low-Carbon Value Chain

From operations to the value chain, Zijiang Enterprise integrates low-carbon transition into every link through energysaving innovation, process optimization, and green supply chain development. While improving energy eficiency and expanding renewable energy use, the Company works with upstream and downstream partners to support the industry’s low-carbon transition.

Key Metrics

Companies with SBTi validation: 2

ESG Strategic Targets

_Reduce _product _carbon _intensity _by 10% _by ₂₀₃₀

_Increase _the _share _of _clean _energy _use _to 30% _by ₂₀₃₀

Climate Action

Climate Governance

Zijiang Enterprise integrates climate action into business management under the overall leadership of the Genera Manager, ensuring close alignment with business development. Through clear division of responsibilities, the Company advances carbon inventory, data management, and low-carbon transition initiatives to support climate risk identification and emissions reduction

Business units and subsidiaries implement measures suited to their own operations, including emissions identification, data collection, and energy-saving and carbon-reduction actions. Cross-functional coordination helps embed climate management across business units.

Climate Risk Identification

Considering the characteristics of packaging manufacturing, its multi-regional production footprint, and value chain position, Zijiang Enterprise has identified climate-related risks that may afect operations and long-term development, with a focus on transition risks and physical risks.

Transition Risk

Customer decarbonization requirements and changing collaboration models

As downstream customers tighten low-carbon requirements, the Company may face higher expectations in procurement, collaboration, and product design, increasing pressure on materia substitution, green design, and process optimization.

Pressure on manufacturing segments during low-carbon transition

Ongoing investment in equipment, technology, and process upgrades may create challenges for cost control and operational eficiency.

Impact of energy transition and higher clean-energy use

A higher share of clean energy may afect production stability to some extent and raise requirements for responding to energy-price volatility.

Supply-chain carbon disclosure requirements

Stronger customer requirements on carbon information disclosure may increase pressure on value-chain suppliers in data transparency and system development, afecting supply-chain coordination and stability.

Impact on products and cost structure under carbon constraints

Some Zijiang Enterprise entities are subject to annual GHG accounting, reporting, verification, and carbon allowance compliance. Tighter allocation rules, carbon price volatility, and stricter emissions controls may increase compliance costs.

Physical Risk

Impact of extreme weather on production continuity

Heatwaves, storms, and typhoons may afect plant operations, employee safety, and production conditions, disrupting continuous production and delivery.

Regional diferences in climate-related risks

Diferent production sites may face diferent climate risks, requiring more flexible local response measures.

Impact of logistics and external environments

Climate events may afect transport routes and logistics eficiency, influencing raw-materia supply and delivery performance.

Higher requirements for adaptation to long-term climate change

Changes in temperature and extreme-weather patterns may require ongoing improvements in plant design, equipment selection, and operations.

Climate Risk Management

The Company has established a climate risk management framework that integrates climate-related requirements into production and energy management, continuously improving its climate response capability. It also extends low-carbon requirements across the value chain to strengthen overall low-carbon development and operationa resilience.

Assessment

The Company assesses the potential impact of climate risks on operations and business development in light of industry trends and its own operating conditions, with a focus on the likelihood and severity of such risks.

Response and Management

For the key risks identified, Zijiang Enterprise clarifies management priorities and integrates corresponding measures into daily production, energy management, and supply chain management, with relevant teams responsible for implementation.

Continuous Improvement

The Company continues to track and review the implementation of climate risk response measures and, in light of changes in operating conditions, adjusts and improves them in a timely manner to strengthen overall response capability and operational resilience.

Climate Strategy

During the reporting period, Zijiang Enterprise completed carbon inventories for its manufacturing plants in accordance with the GHG Protocol, covering Scope 1 and Scope 2 emissions and providing the data foundation for subsequent emissions management.

——— Greenhouse Gas Emissions —

Unit: tCO e

Emissions Scope

2025

2024

2023

Scope 1 (Direct Emissions)

47,461.27

50,949.15

31,882.31

Scope 2

350,026.25

325,620.37

294,790.95

Scope 1 + Scope 2

397,487.52

376,569.52

326,673.26

The Company provides carbon inventory training through both online and ofline formats to continuously strengthen the expertise and practical capabilities of relevant personnel.

Key Metrics

Training Sessions 2

Total Participants more than 100

Zijiang Enterprise is steadily advancing the exploration and implementation of carbon reduction targets. Based on the development stage and decarbonization baseline of diferent business segments, the Paper Packaging Business Unit and Zijiang Color Printing have both obtained SBTi target validation, with targets aligned to globa temperature pathways. This reflects the Company’s systematic approach to emissions reduction and climate resilience.

Paper Packaging Business Unit: Long-Term and Interim Science-Based Targets

The Paper Packaging Business Unit has established clear GHG reduction targets tailored to its operations and production characteristics, supported by action plans for implementation.

Net-zero target

By 2050

Near-term target

reduce absolute Scope 1 + 2 emissions by 90% Scope 3 emissions by 90%

By 2035

reduce absolute Scope 1 + 2 emissions by 63% Scope 3 emissions by 37.5%

Carbon footprint accounting system

 Corrugator logistics motor upgrade

Energy-saving retrofit projects

 Workshop recirculated air system upgrade

 HVAC duct energy-saving retrofit

 Paper cup machine suction system optimization

 Accumulated solar PV capacity 9.982 MWp

 Total power generation 13,592.82 MWh

Renewable energy

 Green certificates retired 9,890 MWh

 PPA green power purchased 5,549.526 MWh

 Renewable electricity as a share of total power use 66.81%

 Carbon reduction benefit 12,194 tCO e

 GHG report preparation

Carbon system certifications

 Carbon neutrality certification

 Carbon footprint certification for three product series

Z ij i a n g C o l o r P r i n t i n g : Low-Carbon Transition and Emissions Reduction Targets

Zijiang Color Printing has set science-based GHG reduction targets and is advancing low-carbon transition through a series of specific measures.

Near-term target

by 2030

reduce absolute Scope 1 + 2 emissions by 42% Scope 3 emissions by 25%

 Carbon management system certificate

Carbon management recognition

 Demonstration entity for carbon management system implementation

 GHG verification certification

 Product carbon footprint report

 Multiple carbon reduction taskforces

Professional capability

 Carbon management training certificates for the plastics industry

 Carbon management qualification certificates

 Clean and low-carbon energy substitution

Energy-saving and carbonreduction measures

 Waste heat recovery and cascading energy use

 Energy eficiency improvement and equipment retrofits

 Raw material reduction and circular resource management

 Integration of energy-saving and carbon reduction into daily operations

Energy Management

Zijiang Enterprise continues to implement energy management across business units through energy-saving technical retrofits, process optimization, and expanded renewable energy adoption tailored to regional and operational conditions, reducing reliance on conventional energy. Built on institutional management systems, the Company continues to improve and certify its energy management framework.

Key Metrics

Companies with ISO 50001 energy management certification:

14

Clean energy generation in 2025:

63,736 MWh

Share of non-fossil energy in 2025: 17.36%

Energy-Saving Measures

Energy-saving measures are the foundation of the Company’s energy management and emissions reduction eforts. Through equipment upgrades, process improvement, and operational optimization, Zijiang Enterprise embeds energy-saving requirements into daily operations and progressively reduces both energy intensity and total energy consumption.

Equipment Upgrades

Auxiliary System Optimization

Process Improvement

Lighting Improvements

Electric Forklift Replacement and Adoption

Equipment Upgrades

Case

Container Packaging Business Unit: Refrigeration eficiency upgrades

Centralized retrofits of aging refrigeration systems delivered energy savings of up to 45% in some plants and over 3,920 MWh in total. Shenyang Zijiang saved 900 MWh, while Meishan Zijiang reduced energy use by over 15% through air-compressor pipeline upgrades.

Case

Beverage OEM Business Unit: High-Eficiency Magnetic Bearing Chiller + AI Optimization

At Guilin Ziquan Beverage, a high-eficiency magnetic bearing chiller, combined with piping optimization, automatic supplydemand matching, and AI-based supply optimization, helped keep plant cooling COP above 5. This delivered about 45%

energy savings and cut annual electricity use by over 1,580 MWh.

Case

Crown Caps & Labels Business Unit: Heating and equipment eficiency

Ziquan Label optimized printing-machine heating and introduced waste heat recovery, cutting electricity intensity by about 50% and saving about 440 MWh annually.

Ziquan Packaging and Ziquan Label also replaced old motors and pumps, saving about 20 MWh per year.

Case

ZJMP: Refrigeration and PCW upgrades

At the Anhui plant, refrigeration and PCW system upgrades reduced pump-room energy use by 45.6% in phase I and 24.5% in phase II, with 17 MWh saved in October versus the first-half monthly average.

Process Improvement

Case

Paper Packaging Business Unit: Multi-point upgrades

At Zidan Food, workshop air recirculation upgrades cut AC operating time by about 4.5 hours per day, saving 339 MWh annually.

At Zidan Packaging Technology, corrugator logistics optimization saved about 1.8 MWh per year.

Case

Zijiang Color Printing: Solvent-free lamination

Solvent-free lamination reduced solvent use and VOC emissions while improving eficiency. In 2025, the process saved about 3,000 tons of steam, about 280 MWh of electricity, and cut about 3,200 tons of CO .

Auxiliary System Optimization

Lighting System Improvements

Case

Paper Packaging Business Unit: Auxiliary system upgrades

At Hubei Zidan Food, HVAC duct optimization saved 340 MWh annually.

At Hubei Zidan Packaging Technology, paper-cup machine suction optimization saved 267 MWh per year.

Case

Crown Caps & Labels Business Unit: Daylighting improvements

Shanghai Ziquan Packaging introduced daylighting systems in selected production areas, reducing reliance on artificial lighting during the day and improving the working environment. Estimated annual electricity savings are about 20 MWh.

Case

Case

ZIRI Packaging: LED lighting upgrades

Guangdong ZIRI replaced traditional lighting with LED fixtures across the plant, reducing annual electricity use by about 1.2 MWh and corresponding CO emissions by about 0.64 tons.

ZJMP: Lighting retrofit at the Anhui plant

Lighting retrofit reduced lighting energy use by 17.4% year on year and 9.5% quarter on quarter, saving about 2.75 MWh of electricity.

Electric Forklift Replacement

Case

Container Packaging, Caps & Labels, and ZIRI Packaging: Replacing fuel forklifts with electric models

Over the past two years, the Container Packaging Business Unit phased out 7 fuel forklifts and purchased 35 new-energy electric forklifts.

Crown Caps & Labels Business Unit has continued replacing older internal-combustion forklifts, adding 5 electric forklifts during the reporting period.

ZIRI Packaging also introduced electric forklifts, achieving 75% lower carbon emissions while improving operating eficiency.

Optimizing Energy Use

Building on continuous energy-saving upgrades, Zijiang Enterprise has structurally optimized its energy mix by introducing renewable energy and reducing dependence on fossil fuels. Through distributed solar and green power procurement, the Company is gradually advancing the green transition of energy use.

Solar Power

Renewable energy deployment is assessed based on feasibility, stability, and alignment with production needs. Zijiang Enterprise ensures efective use of renewable energy under diferent regional and business conditions while maintaining reliable supply and improving production eficiency.

Case

Container Packaging Business Unit: Energy Storage Supports Green Power Use

To improve energy eficiency, optimize the power structure, and strengthen green power capability, the Container Packaging Business Unit built an energy storage station at its South China plant. The project was connected to the grid in June 2025, with an installed scale of 1.15 MW / 2.33 MWh, making it Zijiang Enterprise’s first self-built energy storage station.

Based on the plant’s existing energy management foundation, the system coordinates storage with electricity load to create a dynamic peak-shaving and valley-filling model. Electricity is stored during of-peak periods and released during peak periods, reducing peak power demand and electricity costs while improving grid stability.

Digital Energy Management

Zijiang Enterprise combines energy management with digital platforms by building and continuously improving energy dashboards. Through real-time monitoring and analysis of energy consumption data, the Company optimizes resource allocation and improves energy eficiency.

Low-Carbon Value Chain

Zijiang Enterprise extends low-carbon transition from its own operations to every stage of the value chain. By working with value chain partners, it is promoting the systematic implementation of low-carbon principles across the value chain.

Green Logistics

In advancing its low-carbon value chain, Zijiang Enterprise works closely with suppliers and customers to gradually promote the circular use of packaging materials and lower-carbon logistics

Case

Crown Caps & Labels Business Unit: Reducing outer packaging through structural optimization

Outer packaging upgrades improved carton loading eficiency. In 2025, carton use per case fell by 14 kg; 2,434 large cartons were used, reducing paper consumption by 7.25 tons and carbon emissions by 7.32 tCO e.

The business unit also implemented multiple circular logistics models, including self-purchased pallets + regular recovery and customer-provided pallets + regular recovery, reducing one-time pallet use and improving pallet turnover eficiency. In 2025, it recovered 2,810 plastic pallets.

Case

Zijiang Color Printing: Circular packaging and reuse

Zijiang Color Printing promotes green procurement and works with suppliers and customers to recover and reuse pallets, wooden boxes, and plywood packaging materials. In 2025, the Company internally recovered and reused 83,900 auxiliary items and, together with customers and suppliers, recovered and reused 23,400 additional items.

Case

Case

ZJMP and Zidong Nylon: Pallet recovery

ZJMP recovered 6,515 raw paper pallets and 1,171 semi-finished product pallets, totaling 7,686 pallets

Zidong Nylon reused 3,745 recovered pallets, further promoting circular use of packaging materials and resource savings.

ZIRI Packaging: Reverse logistics and circular recovery

At Shenyang ZIRI, carton packaging was replaced with reusable iron cages, reducing carton use by about 14,000 units; the cages can be reused for five years. Plastic pallets also replaced wooden pallets.

Sichuan ZIRI established a reverse logistics system for the recovery and reuse of iron cages, pallets, and cartons.

Case

Zidong Nylon: Green logistics and transportation

The Company introduced electric transport vehicles to reduce carbon emissions during transportation. By optimizing warehouse layout and implementing smart dispatch systems, Zidong Nylon significantly reduced empty-load rates, improved transport eficiency, and further reduced energy use and environmental impact.

Innovative Packaging Solutions

38 Sustainable Products

Zijiang Enterprise advances packaging transformation through circular innovation, promoting a shift from a linear model to a more sustainable circular model. The Company continues R&D and application in recyclability, reusability, lightweighting, and material reduction, embedding green principles into product design, production, and use to improve both environmental and operational performance.

ESG Strategic Targets

Achieve recyclable design capability for 90% of newly developed products by 2030

Establish a green materials and circular packaging innovation platform to co-develop low carbon packaging solutions with key customers

Sustainable Products

Zijiang Enterprise uses Reduction, Reuse, Recycle, and New Materials as the core framework for sustainable packaging innovation. By combining green principles with technological innovation, the Company continues to improve the sustainability of its packaging products.

Reduce material use and carbon emissions through lightweighting and structural optimization.

Develop reusable packaging systems to extend service life and reduce waste.

Reduction

Improve recyclability so materials can be efectively recovered and reused at end of life.

Accelerate the development and application of bio-based, degradable, and high-circulationperformance materials.

Case

Zero-Waste Circular Action

In partnership with Leju Technology, Zijiang Enterprise launched an employee recycling platform with collection equipment in ofices and plants. Collected bottles, plastics, paper, and metals enter a standardized recycling system and are sent to recycling plants for conversion into green materials.

The Company has deployed 8 empty-bottle recycling machines and smart recycling bins. In 2025, it recovered about 33,220 empty bottles and cans, weighing 956.21 kg, along with 906.2 kg of paper and metals, delivering total carbon reduction of about 2,500 kg.

Reduction

Zijiang Enterprise systematically optimizes packaging structures and material configurations through coordinated improvements in process design and manufacturing, reducing material use while maintaining performance and safety.

Case

Container Packaging Business Unit: Lightweight bottle neck and preform design

For carbonated beverage customers, the bottle neck was light-weighted by 1.02 g per unit, cutting PET use by about 5,100 tons based on output of 5 billion preforms.

For a functional water preform, weight was reduced from 7.23 g to 5.58 g; every 2 billion units save about 3,300 tons of PET.

A customer’s 1L energy-drink bottle was redesigned from a 37 g copied preform to a 35 g new preform, with interchangeable mold-core components enabling adaptation to multiple bottle types and further lightweighting.

Case

Zihua Technology: Ultra-light breathable film

Zihua Technology developed ultra-light breathable blown film, reducing the basis weight of diaper and sanitarypants backsheet film from 14 gsm and 15 gsm to 8 gsm and 10 gsm, equivalent to overall reductions of about 43% and 33%.

Case

Crown Caps & Labels Business Unit: Raw material reduction

Film thickness was reduced from 0.045 mm to 0.04 mm, lowering film consumption by 11% year on year at equivalent output. In 2025, 355 tons of thinner film were applied.

Tinplate thickness for crown caps was reduced from 0.23 mm to 0.20 mm; output of 1 billion caps saves 260 tons of tinplate and cuts carbon emissions by about 819 tons.

Case

ZIRI Packaging: Lightweight products and lower material use through standard-operation improvement

At Sichuan ZIRI, cap weight was reduced from 1.91 g to 1.88 g through mold optimization. Reduced sterilization frequency in the aseptic workshop also cut annual cap use by about 29.95 million units, corresponding to about 65 tons less material consumption.

Case

ZJMP: Transfer base-film reduction project

ZJMP launched a project to replace 14.3 μm PET transfer base film with 12 μm PET. Through optimized coating and embossing and staged validation from pilot to mass production, the project replaced 300,000 meters of base film and reduced CO emissions by about 3 tons.

Reuse

Zijiang Enterprise improves the way packaging and auxiliary materials are used in production and logistics by promoting repeated use and circular turnover. Without changing material properties or performance, the Company extends service life, reduces single-use consumption and waste, and improves overall operating eficiency.

Case

Beverage OEM Business Unit: Reuse of packaging and logistics materials

Nanjing Zile promotes the repeated use of label cores, cap cartons, wooden pallets, and carton cover boards. The plant has reused about 25,000 label cores, 51,000 cap cartons, and 1,200 wooden pallets, with a combined weight of about 82.59 tons. It also promoted the reuse of wooden cover boards by external suppliers, with cumulative weight of about 168.59 tons.

供应商重复利用包材临时摆放点

Case

ZIRI Packaging: Reuse of plastic turnover boxes

Guangdong ZIRI uses plastic turnover boxes to deliver materials to production lines, reducing discarded cartons and liner bags. Semi-finished products are transferred on reusable plastic pallets, reducing wood-board loss and contamination risk from wooden boards.

Recycle

Zijiang Enterprise continues to improve material-use eficiency through closed-loop production management By recovering and reusing plastic scraps and other ofcuts, the Company reduces reliance on virgin resources and better controls waste generation. In recycled PET applications, recovered plastics are converted into recycled materials that meet quality and stability requirements and are then reintroduced into production, making the “recovery-regeneration-reapplication” path more controllable and scalable.

Case

Crown Caps & Labels Business Unit: rPETG labels and cPETG recyclable labels

The Company applies rPETG shrink labels containing recycled PET. While maintaining performance similar to conventional PETG labels, the material includes more than 30% post-consumer recycled PET, reducing virgin plastic use. Annual use of recycled PET raw material exceeds 200 tons.

The Company also promotes cPETG recyclable shrink labels, which can be recycled together with PET bottles, improving overall packaging recyclability. Annual use exceeds 16 tons

Case

ZJMP: Reuse of production auxiliaries

ZJMP reuses 3-inch paper cores internally instead of buying new ones. Recovered cores are processed through trimming, dust removal, and sorting to ensure reuse quality and eficiency. During the reporting period, more than 4,700 paper cores were recovered and reused.

Case

Zihua Technology: Closed-loop solvent recovery and reuse

Zihua Technology applies waste-solvent distillation and regeneration to build a closed-loop “generation-recovery-reuse” system. In 2025, the waste-solvent recovery rate reached 90%, improving resource reuse while reducing hazardous-waste disposal costs and solvent procurement needs.

Case

ZJMP: Reusable film recycling project

ZJMP established a reuse process for PET release base film generated during production, reapplying stripped PET base film in regular production. Through closed-loop management, cumulative regenerated film volume reached 5.7 million m2.

Case

Zihua Technology: 100% recycling and reuse of cast breathable-film edge trim

Zihua Technology optimized slitting and unwinding processes so edge trim can be collected online and reused in production, achieving 100% reuse of trim material and reducing trim loss by about 4%.

New Materials

Zijiang Enterprise introduces lower-impact new materials in practical application scenarios. Focusing on areas such as soybean-oil ink and bio-based materials, the Company continues R&D-led exploration to expand sustainable packaging options while balancing performance, compatibility, and sustainability.

Case

Paper Packaging Business Unit: Coated paper bags replacing non-woven bags

Zidan Food independently developed coated paper bags using environmentally friendly coatings and kraft paper. The bags ofer strength close to non-woven bags, are repulpable and degradable, and can efectively reduce environmental burden.

Case

Zijiang Color Printing: Expanded application of all-polyolefin structures

The Company expanded the application of all-polyolefin structures, and two products obtained design evaluation for easy recycling and regeneration of plastic products.

Dishwasher-tablet pouches and laundry pod pouches supplied to multinational consumer-goods customers in Europe use mono-material laminates, improving recycling value and secondary-use potential while meeting packaging performance requirements.

Case

ZJMP: Plastic-free high-barrier food packaging materials

ZJMP developed and applied plastic-free high-barrier food packaging materials based mainly on paper and directly recyclable through existing papermaking processes. The product’s overall carbon footprint fell by about 55% and it is expected to reduce annual use of plastic by about 120 tons and aluminum foil by about 40 tons.

Case

Shandong NewOpt: Alkali-resistant water-soluble film

To meet customer demand for improved alkaline performance in dishwasher and laundry pods, the Company developed alkali-resistant film with good water solubility and aging resistance in alkaline environments. The product has already been exported in volume to overseas markets.

Journey with Community

48 Industry Development

51 Community Engagement

53 Philanthropy

Building on prudent operations, Zijiang Enterprise continues exploring pathways for shared value creation with society. Through industry collaboration, community engagement, and philanthropy, the Company connects its capabilities with social needs and extends the value of its development to a broader socia context.

ESG Strategic Targets

Reach 10,000 cumulative employee volunteer hours by 2030

Establish a public-interest project evaluation mechanism to shift from donation-based support to impact-driven value creation

Strengthen integration between Shanghai Zijiang Foundation and the business to support broader industry ecosystem development

Industry Development

Zijiang Enterprise contributes to industry development through standards research, industry exchange, and industry-academia-research collaboration. By sharing practical experience in technology, product application, and operations with industry organizations, customers, and research institutions, the Company helps build consensus and strengthen capabilities on key issues such as safety, quality, and sustainability.

Business Unit / Subsidiary

Standard No.

Shanghai Ziquan Label

20240305-T-607

Shanghai Ziquan Packaging

Shanghai Zidan Food

20241946-T-607

Anhui Zijiang Composite

GB/T 17934.6-2025

GB/T 45453-2025

Zijiang Color Printing

T/CPF 0095-2025

Zijiang Color Printing

T/CPF 0096-2025

Standard Title

General Technical Requirements for PETG Film

General Quality Requirements for Ring-Pull Caps for Beer and Beverages

Graphic Technology — Process Control for the Production of Halftone Colour Separations, Proofs and Prints — Part 6: Flexographic Printing

Tamper Verification Features for Pharmaceutical Packaging

Uniaxially Oriented Co-Extruded Polyethylene Film for Packaging

Mono-Material Uniaxially Oriented Polyethylene Laminated Film and Pouches for Packaging

Case

SJTU SAIF–Zijiang Lecture Series: New Materials and Sustainable Futures

Company executives took part in the SJTU SAIF–Zijiang Lecture Series under the theme New Materials Forging a Sustainable Future. Together with industry experts, they shared frontline insights on newmaterial development, industrial opportunities, and challenges, contributing to knowledge exchange and technical collaboration across the industry.

Case

Carbon Talk: "Path to Net Zero" Forum

As a participant in the value chain, Zijiang Enterprise attended the launch of a strategic customer’s climate action white paper. The General Manager joined the Carbon Talk: Path to Net Zero forum and discussed green practices across the value chain from farm to table.

Case

SJTU SAIF–Zijiang Lecture Series at the China International Import Expo

The Deputy General Manager and Board Secretary joined a roundtable on Corporate Strategies and Practices in Responding to International Carbon Constraints, sharing views on business response and decarbonization practice under evolving global carbon requirements.

Case

Crown Caps & Labels Business Unit: Participation in drafting a ring-pull-cap industry standard

Working with the National Technical Committee for Standardization of Food Contact Materials and Articles, the business unit participated in drafting the General Quality Requirements for Ring-Pull Caps for Beer and Beverages, carrying out technical research on quality requirements for top-pull and sidepull ring caps.

Case

Zijiang Color Printing: Industry exchange to promote sustainable packaging consensus

Zijiang Color Printing participated in exchanges organized by the China Packaging Federation, the Plastics Industry Association, and Guangdong Packaging Association, discussing circular economy, food packaging safety, and lowcarbon development while integrating these concepts into products and solutions.

Case

Zidong Nylon: Local substitution R&D in cooperation with a chemical group

Zidong Nylon worked with relevant business units of a leading global chemical group on a localization R&D project for additives. The project has completed multiple rounds of testing and delivered phased progress in exploring local application of related materials in film products.

Community Engagement

Zijiang Enterprise values the link between business development, the community environment, and social responsibility. Based on local operating realities, the Company continues community programs and volunteer activities, encouraging employees to participate in environmental protection and community service and supporting local environmental improvement and sustainable development

Case

Future Teacher Impact Program for Rural Education

In partnership with Shanghai Zijiang Foundation and leveraging university resources, the Company launched the Future Teacher Impact Program to support rural education and youth development. In the summer of 2025, multiple teams carried out activities across several provinces and cities, providing diverse educational support through community innovation courses, student summer camps, cloud based classes, and cultural outreach.

The program introduced social-emotional learning tracking and mentor guidance, supporting rura education while strengthening participants’ teaching practice and overall capabilities. Through dedicated scholarships and role-model outreach, it also encouraged greater youth participation and expanded program impact. Integrated with the Future Teacher training framework, the program further promoted themed practice activities and teaching competitions focused on adolescent menta health and social-emotional development, building a long-term mechanism that links public-interest action with education development and provides sustained talent and educational support for rura revitalization.

Case

“Finding the Great You” Rural Children Growth Program

Working with the Shanghai Zijiang Foundation and social organizations, Zijiang Enterprise carried out the Finding the Great You program for rural children in places including Yuxi, Yunnan. The program helped urban and rural children improve expression and social awareness through real interaction. Volunteer participation, learning-equipment donations, and continued support also helped improve local learning conditions and children’s confidence.

Case

Container Packaging Business Unit: Planting trees for a greener community

Luohe Zijiang joined a Tree-Planting Day public-welfare activity organized by Swire Coca-Cola. Employees carried out tree planting and litter clean-up around the site, contributing to local environmental improvement through hands-on community action.

Case

Case

Philanthropy

Zijiang Int'l Trade: Bottle Recycling Initiative for Urban Greening

Zijiang International Trade launched a bottle recycling initiative by placing collection bins in ofice areas and using the proceeds to sponsor trees in Shanghai Gongqing Forest Park. Under the theme Finish the Last Drop, Leave Green for the Earth, the initiative turned everyday recycling into practical urban greening action.

Key Metric

Guided by the belief that what comes from society should return to society, Zijiang Enterprise treats public welfare and philanthropy as an important part of sustainable development. Working closely with the Shanghai Zijiang Foundation, the Company systematically carries out projects in community care, youth development, rural revitalization, and post-disaster relief, sharing developmen outcomes with society and fulfilling its responsibilities as a corporate citizen.

Zijiang Enterprise charitable donations: RMB 3.09 million

Case

The business unit joined the Little Orange Lamp reading initiative organized by the Zizhu Youth League Committee. Volunteers regularly read picture books to primary-school students at a school for migrant workers’ children, supporting reading habits and learning development through sustained reading companionship.

Paper Packaging Business Unit: “Little Orange Lamp” Public Reading Program

“New Green Youth Talent Development Program”

Together with the Shanghai Zijiang Foundation and the Zizhu High-Tech Zone, Zijiang Enterprise participated in the New Green Youth Talent Development Program. The program provided green-career training and practical opportunities to 46 university students, helping strengthen professional skills and cultivate talent for green industries.

Case

Huajiao Village infrastructure restoration for rural revitalization

Zijiang Enterprise supported infrastructure improvement in Huajiao Village, Yunnan. The project completed about 1,000 m of drainage-ditch repair, about 50 cu m of concrete pouring, about 150 m of reinforced cover slabs, about 20 m of grave bedding (4 cu m), and about 10 cu m of backfilling, efectively improving drainage conditions and infrastructure stability in the village.

Case

Earthquake relief for Dingri County, Tibet

After the earthquake in Dingri County, Shigatse, Tibet, Zijiang Enterprise and the Shanghai Zijiang Foundation made an immediate donation to support emergency rescue, temporary settlement, and postdisaster recovery and reconstruction. Coordinated through the Shanghai Ofice for Cooperation and Exchange, the donation helped ensure eficient and transparent use of funds in support of afected communities.

Integrated Resource Efficiency

56 Environmental Management

61 Resource Eficiency

Environmental management and resource eficiency are essential to Zijiang Enterprise’s prudent operations. The Company advances both environmental risk control and eficient resource use by strengthening management systems, optimizing pollution control, and improving resource-use practices across operations, supporting a more intensive, eficient, and sustainable operating model.

Key Metrics

National Green Factories:

Shanghai Zijiang Enterprise Group Co., Ltd.

Guilin Ziquan Beverage Industry Co., Ltd.

Shanghai Ziquan Beverage Industry Co., Ltd.

Anhui Zijiang Metallization Environmental Protection Material Co., Ltd.

Provincial Green Factories: 9

Shenyang Zijiang Packaging Co., Ltd. Shenyang Ziquan Beverage Industry Co., Ltd. Shanghai Zijiang Color Printing Co., Ltd.

Hubei Zidan Packaging Technology Co., Ltd. Yichang Ziquan Beverage Industry Co., Ltd. Shenyang ZIRI Packaging Co., Ltd.

Nanjing Zile Beverage Industry Co., Ltd. Shaanxi Ziquan Beverage Industry Co., Ltd. Shanghai ZIRI Packaging Co., Ltd.

ESG Strategic Targets

Reduce water consumption per unit of output by 10% by 2030 compared with 2025

Achieve an 85% recycling rate for production waste by 2030

Increase the utilization rate of raw materials per unit of output by 5% by 2030

Environmental Management

Through the Zijiang Enterprise EHS Management Manual and the Zijiang EHS Management Evaluation System, the Company has clarified management requirements, standardized evaluation criteria, and strengthened process oversight, continuously improving the consistency and efectiveness of environmental management.

Headquarters is responsible for overall system design and continuous improvement, identifying key environmental management priorities for each business unit based on regulatory requirements and industry practice, and providing management guidance and tools. Through a unified evaluation mechanism, headquarters regularly reviews environmental performance across subsidiaries to ensure consistent implementation.

Environmental Risk Identification

Under group-wide requirements, subsidiaries establish environmental management mechanisms tailored to their own operations and assign responsibilities to specific roles and day-to-day activities. Through interna audits, risk assessments, compliance checks, and performance review, environmental execution is continuously monitored and reinforced. During the reporting period, neither Zijiang Enterprise nor its subsidiaries recorded any environmental violations.

Environmental Risk Identification and Assessment

Each unit regularly checks emissions, equipment operation, hazardous substances, and key processes, assessing risk likelihood and impact to define priorities and controls.

Risk Prevention and Process Control

Environmental risk controls are embedded into production and on-site management, with improved procedures, equipment maintenance, and process controls reducing risk likelihood.

Monitoring, Supervision, and Continuous Improvement

Through internal audits, daily supervision, and management reviews, risk-control performance is tracked and measures are continuously optimized.

Environmental Emergency Management

Zijiang Enterprise has established an environmental emergency response system covering prevention, response, and follow-up improvement. Emergency plans for potential environmental incidents are continuously refined, with response procedures and responsibilities clearly defined to ensure rapid and efective action.

The Company also conducts regular drills and cross-factory inspections to test preparedness and improve coordination, reducing potential operational and environmental impacts.

Case

Beverage OEM Business Unit: Hazardous chemical spill drill

Nanjing Zile conducted a dedicated emergency drill for a nitric acid leak, improving response eficiency and strengthening compliance awareness across departments.

Management of Air, Water and Waste

Air Emissions Management

Zijiang Enterprise continues to improve the management of air emissions through a combination of source control and end-of-pipe treatment. Through standardized operations and equipment maintenance, the Company ensures stable compliance and continues to reduce emissions through process optimization and technology upgrades.

Case

Case

Crown Caps & Labels Business Unit: UV varnish process substitution

Traditional solvent-based varnish was replaced with UV varnish, reducing both high-temperature curing and solvent use. The upgrade cut energy use and reduced VOC generation by about 96.4 tons annually.

Zijiang Color Printing: Source substitution for VOCs reduction

Low-VOCs inks replaced high-VOCs inks to reduce pollutant generation at source. In 2025, older VOCs treatment facilities were also upgraded with new zeolite wheels to improve adsorption and desorption eficiency.

Case

Zihua Technology: RTO upgrade for stronger exhaust treatment

A new-generation RTO system was installed to upgrade the original exhaust treatment system, increasing treatment capacity by about 1.5 times.

Case

ZJMP: Water-based coatings to reduce VOCs

Water-based coatings replaced traditional solvent-based coatings in production. Treatment eficiency remained above 99%. During the reporting period, about 50 tons of water-based coatings were used, reducing VOC emissions by over 20 tons.

Wastewater Management

Production and domestic wastewater are collected separately and treated in a standardized manner. Zijiang Enterprise ensures compliant discharge while improving the stability and eficiency of wastewater treatment systems.

Source Reduction

Optimize processes and water-use structures to reduce high-water-use and pollution-prone operations.

Process Control

Strengthen circulating water management, improve recirculation, and recover condensate to reduce freshwater use and wastewater generation.

End-of-Pipe Trea

Treat wastewater by type, ensure compliant production wastewater discharge, and connect domestic wastewater to industrial park or municipal systems.

Solid Waste Management

Zijiang Enterprise has established a solid waste management system. The Company strengthens the management of both general and hazardous waste while continuing to promote waste reduction and recycling under compliant disposal practices.

Key Metrics

Three-Star Zero Waste to Landfill Management System Certification

Shanghai Ziquan Beverage Industry Co., Ltd.

Nanjing Zile Beverage Industry Co., Ltd.

Case

Zijiang Color Printing: Reduced waste adhesive and standardized disposal

The Anhui composite plant introduced explosionproof cold storage for residual adhesive to reduce spoilage. During the reporting period, only 18.6 kg of waste adhesive was declared for disposal, down about 96% from 451.81 kg in 2024.

Case

ZJMP: “Zero-Waste Factory” practice

Anhui ZJMP systematically advanced zero-waste-factory practices. As a result, hazardous waste at source was reduced by about 41%, and the resource utilization rate of solid waste increased to 21%.

Case

ZIRI Packaging: Hydraulic oil filtration and reuse to reduce waste oil

Guangdong ZIRI introduced a hydraulic oil filtration unit to recycle used oil from 48-cavity equipment. The measure reduces new oil input by about 840 liters per year and lowers waste oil discharge.

Case

Zidong Nylon: Precise hazardous-waste management

A full-lifecycle traceability ledger was established for hazardous waste, covering generation, classification, collection, transfer, transport, and final disposal.

The Company also adopted a one-item-onecode model, assigning a unique QR code to each batch or category of hazardous waste and linking it to data such as source, storage location, and handling requirements, enabling more precise and digitalized storage management.

Zihua Technology: Upgraded hazardouswaste containers

Iron pails previously used in printing were replaced with reusable IBC containers, reducing hazardous-waste disposal volume by about 35% through more standardized and recyclable packaging containers.

Noise Management

Zijiang Enterprise continues to reduce the environmental impact of operational noise through a combination o source control, operating optimization, and facility upgrades.

Case

Beverage OEM (Shenyang plant): Noise control and environmental impact reduction

Source control: The high-noise water-tower equipment near residential areas was shut down, and silencers were added to cooling fans outside the power room.

• Operating optimization: Variable-frequency drives were added to air compressors to reduce frequent starts and stops and lower noise during operation.

Facility upgrades: Sound insulation was added to cooling towers, including soundproof panels and improved enclosure sealing.

Results: After the upgrade, daytime noise was controlled below 55 dB and nighttime noise below 50 dB, well better than the applicable standard.

Resource Efficiency

Zijiang Enterprise continues to improve the refined management of water, raw materials, and auxiliary resources across the full use cycle. By optimizing processes, strengthening process control, and improving circular use, the Company reduces resource intensity and promotes a more intensive and eficient operating model.

Water Resource Utilization

Water management is advanced in line with process needs and regional water conditions. Through optimized water-use structures, higher recirculation rates, and stronger process control, Zijiang Enterprise reduces wate intensity per unit of output and improves overall water-use eficiency.

Case

Container Packaging Business Unit: Cooling-system upgrade for water eficiency

The original open cooling system was upgraded to a closed-loop recirculation model, with optimized cooling-water operation. The upgrade improved cooling-water eficiency while reducing both water consumption and wastewater discharge.

Case

Zijiang Color Printing: RTO fan noise control retrofit

At the Anhui composite plant, localized protection and soundproofing were added to the incinerationunit fan, reducing noise to below 60 dB.

Case

Beverage OEM Business Unit: Multi-point water-eficiency improvements

Tiered water-use management was introduced in the hot-fill bottle-rinsing process, saving about 26,726 tons of water annually. Self-cleaning filters were also installed, saving about 2,494 tons of water per system each year. In addition, backwash-water recovery improved production-water recirculation, saving about 1,247 tons per system annually.

Case

Zijiang Color Printing: Variable-frequency retrofit for process-water systems

Variable-frequency drives were installed on process-water pumps to match pump speed, flow, and head more precisely with process needs, reducing throttling losses and improving both water-use eficiency and system stability.

Case

ZIRI Packaging: Condensate recovery and reuse

Guangdong ZIRI recovers condensate from air-conditioning systems and reuses it in production and auxiliary water-use processes, reducing freshwater demand. The measure saves about 120 tons of water annually.

Advanced Manufacturing

64 Product Quality

65 R&D and Innovation

67 Customer Collaboration

73 Lean Operations

Through product quality management, R&D, and lean manufacturing, Zijiang Enterprise continues to build stable, scalable, and sustainable manufacturing capability to support the delivery of innovative packaging solutions. Advanced manufacturing is not only about eficiency, but also about quality consistency, technical replicability, and operational resilience.

ESG Strategic Targets

Achieve real-time collection of key production data across 70% of production lines by 2030

Increase the amount of recognition and incentive awards for technological innovation by 20% over 2025

levels by 2030

Product Quality

By continuously strengthening management systems, improving production processes, and advancing lean manufacturing, Zijiang Enterprise continues to enhance product performance and delivery reliability while aligning quality management with sustainable development.

Quality Management System

Zijiang Enterprise has established a product quality management system covering raw materials, manufacturing processes, and delivery outcomes. Through a unified quality framework and key control requirements, the Company improves process consistency, strengthens control over critical processes, enhances quality-data tracking, and closes the loop on quality issues to reduce production variability.

The Company also continues to digitalize and smarten quality management. By embedding quality control requirements into design, procurement, production, inspection, and delivery, and by enabling real-time collection of critical parameters and closed-loop process monitoring, Zijiang Enterprise improves accuracy and responsiveness, reduces defect risk, and enhances product consistency and delivery reliability.

Case

Container Packaging Business Unit: Quality culture and capability building

Quality culture campaigns were launched across East and Central China. The initiatives strengthened quality awareness and problemsolving capability across both management teams and frontline employees.

Paper Packaging Business Unit: Automation upgrades to strengthen manufacturing capability

Hubei Zidan Food introduced a fully automated tissue production line and carried out a systematic upgrade of traditional packaging processes. By replacing manual operations with automated equipment, the business achieved more continuous and standardized packaging processes, reducing manual intervention while improving operational stability and consistency. Through standardized control and automated operation, Hubei Zidan Food efectively reduced human error and strengthened finished-product quality assurance.

Case

Beverage OEM Business Unit: Error-proofing system for ingredient dosing

A barcode-based material identification system was introduced to improve material accuracy and fullprocess traceability across warehousing, weighing, and feeding. Automated verification, color alerts, and audio-visual alarms help reduce manual errors and support standardized formula execution.

ZIRI Packaging: Four-site integrated quality management

ZIRI Packaging advanced a quality integration plan across four sites under the principles of resource integration, information sharing, unified systems, and regional collaboration. Standardized quality workflows and themed quality-culture activities were rolled out simultaneously across the four factories.

R&D and Innovation

Zijiang Enterprise takes technology innovation as a key growth driver. Through industry-academia-research collaboration, expert workstations, and multiple innovation platforms, the Company accelerates the industrial application of R&D outcomes. Continuous innovation has supported better productmarket fit, higher production eficiency, and improved raw-material use.

Key Metrics

R&D investment: RMB 344 million

New patents granted in 2025: 142

New invention patents granted in 2025: 13

Total granted patents: 1,502

Total invention patents granted: 150

Total national high-tech enterprise certifications obtained: 27

Strengthening Technology R&D

Zijiang Enterprise continues to increase R&D investment to enhance advanced manufacturing capability through product development and process innovation. Focusing on packaging materials, structural design, and process optimization, the Company keeps upgrading products and technologies to improve performance, eficiency, and application adaptability.

Case

Container Packaging Business Unit: Preform design optimization

By redesigning the preform structure, the weight of a 900 ml tea-drink preform was reduced from 50 g to 48 g. Mold-component upgrades shortened development time by about 50% and reduced mold investment to about 25% of a full cold-half mold set.

Case

Container Packaging Business Unit: Co-developing customized bottle solutions with customers

New developments included a 1.0 L condiment bottle without handle, a 1.33 L rear-handle bottle, and a 666 ml hot-fill tea bottle. By combining bottle-structure design with existing mold resources, the business unit accelerated validation and shortened product launch cycles.

Case

Beverage OEM Business Unit: Formula innovation for plant-based and functional drinks

The business unit continued formula and processing R&D. It developed six naturally flavored coix-seed water products by identifying and suppressing volatile ofnotes, and also developed a low-allergen refreshing dairy drink after screening low-sensitivity strains and filing one invention patent.

Process adjustments also extended stable production from 24h to 72h, improving product appearance.

Case

Zijiang Color Printing: Patent commercialization to support innovation

Several utility-model patents, including a method for improving ink filtration, a slitting-knife device and slitting machine, and a film tensile-strength test fixture, have been applied in production. Other patented solutions have entered pilot-scale trials for new products.

Case

Ziyan Alloy: Precision-alloy product R&D and industrial application

Ziyan Alloy continued R&D and innovation in precision-alloy products. In 2025, the Company promoted the development of several products for medical and industrial equipment and expanded into new customers and application areas.

Customer Collaboration

Zijiang Enterprise treats customer needs as a key input for both R&D and manufacturing innovation. By staying close to application scenarios and user feedback, the Company continues to improve products and services. Recognition from customers validated Zijiang’s capabilities in product performance and service reliability.

Key Metric

Subsidiary CSR audits passed by customers: 26

Case

Packaging Innovation Day ESG sharing

The General Manager and Deputy General Manager / Board Secretary attended a 2025 Packaging Innovation Day, sharing Zijiang’s latest sustainable packaging solutions, including lightweight bottle-cap and neck design, preform and bottle-modeling analysis, and environmental-benefit labeling.

Case

Container Packaging Business Unit: Expanding “packaging manufacturing services” for strategic customers

Leveraging its self-developed intelligent management platform and specialized teams, the business unit has continued to earn the operational trust of strategic customers. It has secured long-term outsourced operation of preform centers for multiple bottling plants of COFCO Coca-Cola and Swire Coca-Cola, as well as supporting cooperation for several additional preform centers. This further validates Zijiang Enterprise’s large-scale manufacturing capability, operational stability, and quality assurance system in the PET preform business, while elevating its level of collaboration with strategic customers.

Case

Crown Caps & Labels Business Unit: Supplier conference collaboration with customers

Shanghai Ziquan Packaging hosted a supplier strategic alliance semiannual meeting for AB InBev under the theme “Win-Win Cooperation, Shared Future.” The meeting reviewed seven years of alliance, discussed practices such as precision manufacturing and one-factory-onestrategy, and included a plant visit to review the application of VPO tools.

Case

ZIRI Packaging: Integrating into customer technical systems

As a core cap supplier, Shenyang ZIRI joined supplier technical workshops and specialized training organized by strategic customers. Through deeper integration with customer technical systems, it strengthened responsiveness to customer quality requirements and end-use applications.

Case

Paper Packaging Business Unit: Long-term strategic collaboration with an international restaurant chain

The business unit has maintained more than 26 years of stable cooperation with an international restaurant chain group. Paper Packaging Business Unit continues to respond to customer needs in innovation, eficiency, and supply coordination.

Case

Zijiang Color Printing: Deeper collaboration on quality and new projects with a leading pet-health nutrition brand

Zijiang Color Printing visited the customer’s Korea plant to review cooperation results and discuss quality performance and newproject planning, with plans to further strengthen supporting capacity and customer support.

Customer Recognition Awards

Container Packaging Business Unit

Paper Packaging Business Unit

McDonald’s

2025 TMS1 APAC Outstanding Supplier Award

2024 TMS APAC Supply Chain Transformation Support Award

1. Total Management System (TMS): McDonald’ supplier assessment system evaluating performance in quality, safety, suppl chain management, and operations.

Paper Packaging Business Unit

By-health

2024 Innovation-Empowered Supply Chain Award

Dewu

Pioneering Innovation Award

Domino’s China

McDonald’s China

2024 Outstanding Supplier Award

Grade-A Quality Supplier Award

Dewu

Excellence in Quality Award

Yum China

Outstanding Supply Chain Award

McDonald’s China

Digital Innovation Award

Yihe Tang

Outstanding Partner Award

Crown Caps & Labels Business Unit

AB InBev

Green Supplier Recognition

Genki Forest

2025 Innovation Contribution Award

Xiangjin Health Beverage

2025 Outstanding Supplier Award

上海紫泉标签有限公司在2025年度合作中，因表现突出，荣获创新贡献奖特发此证，以资鼓励

Nielsen

2025 IQ BASES New Product Trendsetter Award

Beverage OEM Business Unit

Danone

2025 Best Blow-Fill Equipment

2025 Silver Award for Energy Management

沈阳薪泉饮料工业有限公司2025年度优秀OEM合作伙伴奖机建时基易品饮料有服公司

Fujian Shengji Food & Beverage Co., Ltd.

2025 Outstanding OEM Partner Award

Zijiang Color Printing

Nestlé

2025 Sustainable Packaging Award

2025 Packaging Safety and Compliance Award

Weikang Probiotics

2025 Outstanding Supplier Award

紫江彩印 ZUJIANG PRINTING

上海紫江彩印包装有限公司荣获2025年度微康益生菌优秀供应商

CR Sanjiu

2024 Preferred Supplier Award

Dong-E-E-Jiao

2024 Outstanding Supplier Award

Zidong Nylon

Lean Operations

Across a multi-business-unit, multi-site manufacturing network, Zijiang Enterprise systematically advances lean operations with the core goal of improving all-time OEE and operating eficiency. Lean management serves as the methodology, while digital management provides essential support, bringing production planning, equipment operation, and coordinated management into one unified framework to improve resource allocation and strengthen manufacturing resilience.

Lean Management

The Company takes all-time OEE as a key lever for lean management. By using planning to optimize production organization and by strengthening coordination across production lines and factories, Zijiang Enterprise continues improving equipment utilization and capacity matching to release the potential of large-scale manufacturing.

Key Metrics

Lean projects submitted: 3,342

QCC projects: 303

Estimated financial benefits in the year: RMB 91.48 million

Improvement proposals: 1,025

Six Sigma projects: 18

Rationalization proposals: 1,996

Case

Paper Packaging Business Unit: Order-driven improvement in all-time OEE

The business unit used stronger order-taking capability as the entry point for improving all-time OEE and shifting production from intermittent operation to steadier running.

Order-driven capacity release: Broader multi-SKU order acceptance supported more continuous production and better use of equipment and labor.

• Sales-production coordination: Optimized scheduling and coordination reduced waiting and downtime and stabilized operating rhythm.

Positive OEE cycle: Continued improvement in all-time OEE supported higher production eficiency, more stable quality, and better operating performance.

Case

National-level smart factories: 1

Provincial / municipal-level smart factories: 3

ZIRI Packaging: Planning-led all-time OEE improvement

Key Metrics

By integrating four manufacturing bases into one coordinated management framework, ZIRI Packaging explored a systematic path to all-time OEE improvement and improved equipment utilization and capacity matching.

Digital Management

All subsidiaries are advancing digital operations systems, using real-time production data to continuously enhance eficiency, quality, and energy performance.

To support lean operations with higher-quality data, Zijiang Enterprise has built a unified digital operations platform. By defining data granularity according to management needs and integrating key operating data at machine, team, or real-time machine level, the Company enables centralized visualization of production. Automatic collection and management of equipment and process parameters continue to create new room for eficiency improvement and cost savings.

Eficiency-oriented digita strategy

Digitalization is closely aligned with the Company’s core strategy, focusing on operating eficiency and human-machine collaboration to strengthen cost and delivery advantages.

A unified platform based on OEE and energy management strengthens grouplevel visibility of key operating indicators and cross-company coordination

Unified operations platform and centralized control

Management is shifting from experience-based judgment to data-driven decision-making in production organization, quality control, and resource allocation.

Data-driven operating decisions

Information security standards and data governance aligned with national and international standards provide a secure system environment for digital operations.

Secure digital foundation

Case

Paper Packaging Business Unit: Deepening smart-manufacturing capability

Smart plate-roller library management system: QR-code scanning links roller-library management with ERP/MES systems, reducing version-mismatch risk and improving labor eficiency.

One-click digital weighing system: Built on the self-developed ZDIMS system, it captures raw-material and product weighing data in real time and links them automatically to multiple information systems.

• Digital color management platform: A full-life-cycle digital color management platform for flexographic printing improves agile delivery and color consistency across sites and machines.

New ZDIMS functions: New modules for employee performance management and ink-path management were added and deployed in new factories.

Case

Zijiang Color Printing: Digital factory and smart-manufacturing development

Digital foundations continued to strengthen around:

New ERP upgrade and integrated business-finance management

MES / APS planning

IoT industrial connectivity infrastructure

Automated warehousing systems

Case

Beverage OEM Business Unit: Accelerating industrial digital platforms

After building earlier systems for energy use and all-time OEE data management, the business unit independently developed APL data ports covering key equipment systems and built a full-line industrial digital platform to improve quality and cost management. Functions include:

1. Self-developed APL data ports for major equipment

2. Digital error-proofing for feeding

3. Digital equipment management

4. Factory task management

5. Critical process management

Case

Crown Caps & Labels Business Unit: Self-developed smart reporting system

A smart reporting system was developed for legacy equipment. Modules include:

a base reporting module based on real-time equipment status

downtime benchmarking and analysis

order-progress management for shop-floor teams

order-level energy-use and all-time OEE benchmarking

Case

Container Packaging Business Unit: Digital benchmark factory development

In the Tianjin new-factory project, the business unit applied digitalization and AI to optimize production workflows. Key applications include:

High-Precision Automated Stacking Logistics

Smart Material Transfer and Quality-Information Linkage

Digital Process Quality Management

Smart Financial Accounting

Built around AGV-based automated logistics, the system

connects machine scheduling with production orders to enable real-time data exchange and coordination between logistic equipment and production processes. It supports on-demand material ordering and just-in-time delivery, efectively reducing intermediate warehouse space requirements.

Case

ZIRI Packaging: Digital cap-quality management system

ZIRI Packaging built a digital quality management system to improve product quality. Key functions include:

1. CVS anomaly monitoring from cap forming, printing, coding, slitting, to boxing

2. Real-time monitoring of key process parameters, including online product temperature and boxing temperature

Shanghai ZIRI Packaging was also included in the 2025 Shanghai Advanced-Level Smart Factory List.

Nurturing Workforce

80 Employee Rights and Interests

82 Career Development and Training

85 Compensation and Benefits

90 Health and Safety

Zijiang Enterprise regards employees as a core foundation for long-term development and competitiveness. Guided by a people-centered approach, the Company continues improving a fair and healthy workplace while systematically advancing talent development and capability building, aligning employee growth with corporate strategy.

ESG Strategic Targets

per employee by 2030

Maintain zero serious safety accidents through 2030

Advance a dual career-path development system to provide all employees with clear, diversified, and sustainable growth pathways

Employee Rights and Interests

Zijiang Enterprise strictly complies with labor laws and regulations in all operating countries and continuously standardizes labor management to protect employee rights and interests.

In daily labor management, the Company fully implements internal policies such as the Human Resources Management Manual and the Headquarters Employee Handbook. Zijiang Enterprise does not discriminate on the basis of gender, nationality, ethnicity, or religion, firmly prohibits child labor and all forms of forced labor, and continues to foster a safe, fair, and respectful workplace.

Key Metrics

Workforce Overview

Total employees 6,882

Female senior executives in subsidiaries

18.33%

Employees with disabilities 30

Labor contract coverage 100%

Gender Structure

Age Structure

Employee Communication

Zijiang Enterprise values employee communication and consultation. Trade union structures have been established across operating locations to protect employees’ lawful participation in democratic management and the expression of concerns. Based on diferent business-unit characteristics and employment scenarios, the Company continues enriching communication channels and encourages employees to share feedback and suggestions through multiple avenues while fostering an open and trust-based communication climate.

Reasonable Suggestions

Suggestion Box

Employee Engagement Survey

Zijiang Employee Report

Employee Forums

Union Activities

Online Channels

Regular Communication

Case

“Together All the Way” Long-Service Recognition Program

Zijiang Enterprise launched the “Together All the Way” long-service recognition program to honor employees in management positions who have completed 10, 20, or 30 years of service, recognizing their long-term contribution and reinforcing organizational identity and cultural continuity. Diferent commemorative gifts were presented for diferent service milestones: Blooming Sunflowers for 10 years, A Thousand Miles of Rivers and Mountains desk screen for 20 years, and National Deer for 30 years.

By linking employee development with corporate growth, the Company continues to strengthen employees’ sense of belonging and honor, and build a stable, professional workforce committed to long-term contribution.

Employee Engagement Survey

To better understand employee experience and management feedback, Zijiang Enterprise has established and continued an employee engagement survey mechanism as a regular tool for communication and feedback. Each year, the Company conducts questionnaire-based surveys while also collecting open-ended suggestions.

Key Metrics

During the reporting period, 6,143 employees participated, representing 89.26% of all employees, with an average engagement score of 94.67

Career Development and Training

Employee Promotion

Zijiang Enterprise follows the principles of appointing people based on merit, capability, and performance, and continues to build a promotion system oriented toward ability and results. The Company provides employees with clearer and more predictable career pathways while aligning promotion with actual capability growth and business needs.

In promotion management, the Company focuses on professional capability, work performance, and actua contribution. It continues refining the performance evaluation system to help employees clarify goals and improve performance. Evaluation results are used to assess development potential and job fit, providing an important basis for job adjustment and promotion.

Employee Training

Zijiang Enterprise has built a systematic talent-empowerment system. The Company continues upgrading employee learning and development mechanisms and sets diferentiated development paths for diferent scenarios, so that employee capability growth supports stronger organizational eficiency.

Each business unit designs diversified development paths for employees at diferent career stages according to its own business characteristics, systematically supporting both employee growth and organizational capability building

	Integration and Adaptation	Through structured onboarding, including orientation training and mentor support, employees are helped to quickly understand the Company's culture and role requirements, enabling a smooth role transition and team integration.
	Role Competence	Through continuous skill development and practical training, such as role-specific training and skill certification, employees are supported in building competence in their roles and ensuring operational professionalism and reliability.
	Capability Deepening	Building on role requirements, employees are further supported in developing comprehensive capabilities, including advanced training and management/collaboration skills, with greater emphasis on communication, teamwork, and office software applications to enhance their ability to handle diverse work scenarios.
	Experience Sharing	Through internal sharing, mentor guidance, and training-system development, such as trainer development and experience-exchange activities, business experience and professional knowledge are promoted across the organization.
	Development Expansion	Employees are supported in pursuing diversified learning opportunities, including academic advancement, professional title applications, and external training such as school-enterprise cooperation programs, helping them broaden their career development pathways.

Key Metrics

Cumulative enrollment at Shanghai Open University 700

Talent-pipeline training programs launched

Total training hours 156,608.15

Talent-pipeline training participants 897

Case

Deepening university-enterprise cooperation to build a learning organization

Zijiang Enterprise has established a long-term cooperation mechanism with Shanghai Open University to support employee academic advancement and capability development. In 2025, the 10th anniversary of the joint program and the new-semester opening ceremony marked a further deepening of this collaborative talent-development model. By 2025, the program had supported multiple cohorts of employees in continuing education and helped cultivate compound talent with both professional knowledge and practical experience.

Case

Container Packaging Business Unit: Empowering engineering and technical talent

The business unit established the Huachuang Studio in the Central China region to focus on improving the capability and knowledge accumulation of engineering, equipment, and technical personnel, creating a regional platform for technical innovation and talent incubation. The studio supports the formation of a technical talent pipeline for stable plant operations and eficiency improvement.

Case

Container Packaging Business Unit: AI eficiency training

In 2025, the business unit launched a special AI eficiency training program focused on smart ofice work and productivity improvement. With both online and ofline learning formats, the program encouraged employees to apply AI tools in daily work. Daily attendance exceeded 100, and post-training surveys showed that 92% of participants believed the training could directly improve work eficiency.

Case

Paper Packaging Business Unit: Strengthening the talent pipeline

The business unit focused on key frontline production roles and developed machine-leader talent based on a competency model, linking theoretical training with performance goals and daily assessment to convert highskill capability into production results.

Case

Case

Crown Caps & Labels Business Unit: Building an internal trainer system

The business unit established a systematic employee-development mechanism centered on capability building and knowledge transfer. Through internal-trainer development programs, it has certified and cultivated internal lecturers with professional teaching capability and is gradually building factory trainer teams across multiple business areas.

Zijiang International Trade: Workplace communication training

Zijiang International Trade organized workplace communication training that combined assessment tools with case sharing to help employees better understand diferences between themselves and colleagues and improve workplace communication and teamwork.

Compensation and Benefits

Compensation Overview

Zijiang Enterprise has built a compensation system with industry competitiveness to support talent attraction and long-term retention. Through scientific and fair performance evaluation, employee performance and contribution are connected with reward, while the performance-pay linkage continues to be improved to encourage stronger capability and results.

Employee Benefits

On top of statutory benefits, Zijiang Enterprise continues improving an institutionalized, company-wide employee welfare system based on business development needs and employee expectations. Stable and sustainable benefit arrangements provide employees with basic living and health protection and support long-term development for both employees and the Company.

Case

Zijiang Enterprise: First sports meeting

The Company successfully held its first sports meeting under the theme “Rivers Converge at Zijiang, Glory on the Field.” Eleven teams from across China took part. From preparation and training to competition and teamwork, the event demonstrated employees’ drive and collaboration while furthe promoting the idea of healthy work and joyful living.

Across business units, Zijiang Enterprise also organized diverse activities to support employee well-being, communication, and teamwork, including:

Container Packaging Business Unit

Employee Care

Zijiang Enterprise regards employees and their families as long-term partners in corporate development. While supporting employee career development, the Company also pays attention to employees’ family roles and practical needs at diferent life stages.

Through channels such as trade unions, the company provides targeted assistance and visit arrangements to relieve temporary pressure on employees and their families and help employees maintain work stability.

Case

Rainbow Plan: Warm support for employees

The Company continued the Rainbow Plan employee-care program, providing timely financial support and care for employees and families facing heavy pressure due to major illness or unexpected hardship. During the reporting period, the total amount of assistance exceeded RMB 180,000.

Case

Zijiang Color Printing: Visits and support for employees in hardship

In January, Zijiang Color Printing visited 11 families of employees in hardship. It also coordinated with group-level assistance programs covering 18 employees and provided dedicated subsidies to 2 employees through the Rainbow Plan, with total support exceeding RMB 100,000.

Case

Diversity, Equity and Inclusion

Zihua Technology: Support for employee families and special-period assistance

Zihua Technology assisted 8 employees in applying for the Dream Fulfillment program for their children’s education and helped 2 employees apply for hardship subsidies around the New Year and Spring Festival period. In 2025, the Company also visited 5 employees who were ill.

Zijiang Enterprise values an organizational culture that respects diferences and embraces diversity. The Company pays attention to the varied needs of diferent employee group, and continues to promote targeted suppor measures on issues related to female employees and employee families.

Case

Dream Fulfillment Plan: Supporting employees’ children in education

Through the Dream Fulfillment Plan, Zijiang Enterprise provided educational assistance to children of employees with financial dificulties to support completion of university study. During the reporting period, the per-capita assistance standard was raised to RMB 8,000, coverage was expanded, and a cumulative 56 employees’ children received support totaling RMB 784,000.

Case

Case

Case

Crown Caps & Labels Business Unit: Ongoing care for female employees

The business unit provides support arrangements for female employees during pregnancy, maternity leave, and breastfeeding. The business unit also distribute women-specific labor-protection supplies every six months and organize Women’s Day activities with holiday gifts each year.

Case

Paper Packaging Business Unit: Women’s health lectures

The business unit has set up Mothers’ Rooms for breastfeeding employees, distributes women’s supplies, provides Women’s Day gifts, organizes women’s health lectures, and ofers annual health checkups for female employees.

Paper Packaging Business Unit: Care program for employees’ children taking key school exams

The business unit organized a care initiative for employees’ children taking high-school and college entrance examinations, preparing care gift boxes for 67 children and showing support to employee families at an important stage.

Beverage OEM Business Unit: Emergency and development support for employees in hardship

Through annual hardship subsidies and the Rainbow Plan, the business unit maintained regular assistance for employees in need. In 2025, it supported one employee at the Shaanxi plant with family disaster relief and helped 5 employees at the Neijiang plant in Sichuan participate in the Dream Fulfillment program.

Women’s Day activities across business units and companies included:

Paper Packaging Business Unit

Beverage OEM Business Unit

Zijiang Color Printing

Health and Safety

Guided by the principles of people first, safe development, safety first, and prevention first, Zijiang Enterprise has established a layered governance structure, forming a management system coordinated at group level and implemented by business units. The Company continues improving systems for safety planning, execution, inspection, and evaluation, as well as routine meetings, special meetings, fire drills, and dedicated training

Zijiang Enterprise regards employee health and safety as a core foundation of prudent operations and sustainable development. Based on actual production and operating conditions, the Company continues improving its health and safety management system, strengthening governance mechanisms and process control, and systematically identifying and managing safety and health risks to protect employees in all work scenarios.

Zijiang Enterprise Safety Committee

Oversees Group-wide safety management, manufacturing safety, and related systems

Safety Governance

Sets annual EHS targets and strengthens risk oversight

Safeguarding Employee Safety

Coordinates EHS incident management across subsidiaries

EHS Management Task Force

Supports capability building and risk managemen

Implements the Group’s safety management framework across business units

Organizes plant-wide safety reviews and related initiatives

Regional and Plant EHS Leads

Implement safety requirements at regional and plant levels

Manage daily risks, site control, and hazard rectification

Support inspections, assessments, and continuous improvement

With Integrated EHS Excellence Management System (IEMS) as a core focus, the Company identified professionalism, standardization, and systemization as key priorities for annual improvement. It formally issued 12 EHS red-line rules to further clarify minimum safety and environmental requirements and strengthen company-wide risk awareness and compliance execution. During the reporting period, the Company improved and implemented on-site audit and evaluation mechanisms covering 14 factories, promoting the replication of EHS best practices and digital-management applications

Zijiang Enterprise Safety Management Philosophy and Targets

Zero Incidents

Prevent occupational health and safety incidents through a comprehensive process risk-control mechanism

Protect employees and related personnel and prevent casualties

Zero Violations

Strictly manage behaviors that violate safety management requirements and correct them in a timely manner.

To ensure efective delivery of health and safety objectives, the Company has also established a systematic safetymanagement audit mechanism. Through regular audits and process supervision, together with digital tools for tracking key risks and management processes, Zijiang Enterprise continues improving the standardization and efectiveness of safety management.

Key Metrics

Case

Container Packaging Business Unit: Comprehensive safety-learning platform

The business unit built a unified safety-learning platform providing standardized training and assessment for new employees, contractors, and external drivers. Personnel must pass the assessment before taking up work. The platform has been rolled out across more than 50 entities in the business unit.

Case

Beverage OEM Business Unit: Multi-Level Reinforcement of Safety Management

Safe operations are reinforced through a three-level approach. At the foundation level, themed activities, training, and broad employee coverage support self-managed safety. Special initiatives focus on confined-space management, with dedicated training, register reviews, signage improvement, and emergency rescue equipment deployment, while strictly enforcing the principle of ventilate first, test second, work last. Oversight is strengthened through unannounced inspections, cross-checks, and director-level inspections carried out by business-unit EHS, plant EHS, and functional directors.

Special investment in power-distribution rectification

RMB 11.69 million

Completing systematic safety upgrades at

8 key enterprises

0

Fatalities and serious injuries

0

Occupational disease incidence

12

Companies with ISO 45001 certification

Case

Paper Packaging Business Unit: Smart temperature-control loop to eliminate high-temperature operating risks

Zidan Food installed an intelligent temperature monitoring system on its highspeed flexographic printing line, covering 41 high-risk points with 7×24 real-time monitoring, multi-level alerts, and linked exhaust control. It achieved 100% hightemperature risk detection, cut response time to under one minute, and recorded zero heat-related equipment downtime.

Case

ZIRI Packaging: Safety culture and production safety management

Since start-up, ZIRI Packaging has adhered to the principle of safety first in production and strictly implemented safetymanagement systems. Guangdong ZIRI Packaging has recorded 850 consecutive days without any employee work-injury accident.

Case

Zidong Nylon: Smart safety-monitoring system development

Zidong Nylon introduced a smart safety-monitoring system integrating video monitoring, gas detection, and equipment operation monitoring to enable real-time risk identification and early warning.

Zijiang Enterprise treats health and safety training as an important lever for implementing safety management. Through training, drills, and themed activities, the Company continues improving employee awareness of and response to safety risks. Business units combine safety knowledge with practical operating scenarios to encourage active participation in safety management.

Health and safety training activities

Paper Packaging Business Unit

Zidong Nylon

Zihua Technology

Occupational Disease Management

Zijiang Enterprise continues improving occupational disease management. By optimizing production processes and equipment configuration, the Company reduces potential occupational health hazards generated during operations. It also conducts occupational-health training to improve employee awareness and self-protection capability.

The Company regularly arranges professional health examinations and maintains occupational health surveillance files. For employees with abnormal examination results or those no longer suitable for original work, timely intervention measures and reasonable job adjustments are arranged to protect health rights and reduce occupational disease risks.

Case

Paper Packaging Business Unit: On-post physical examinations for occupationalhazard positions

In 2025, the business unit organized on-post physical examinations for occupationalhazard roles at its Shanghai factories. Doctors and equipment were brought on site to improve eficiency and reduce inconvenience, covering 389 employees.

Case

Zijiang Color Printing: Strengthening occupational disease prevention and contingency mechanisms

The Shanghai plant updated occupational health files and revised the special contingency plan for occupational disease hazards. On-post and exit examinations were implemented, covering hazard factors such as noise and TDI were all compliant.

At the Anhui Composite plant, Occupational Hazard Notice Cards were posted prominently in workshops, and annual hazard-factor testing and occupational health examinations continued.

Case

Case

ZJMP: Source control of occupational disease risks

ZJMP systematically identified high-risk materials and work processes. Material substitution reduced occupational health risks from organic solvents, while engineering controls were applied to highnoise equipment and dust- and exhaustemission points to improve the work environment

Zidong Nylon: Dust-control improvement in workshops

In trim pelletizing and waste-film recovery processes, engineers improved dust overflow by enlarging the pressure-relief opening, significantly improving dust conditions in the pelletizing workshop.

Governance & Compliance Excellence

98 Corporate Governance

102 Business Ethics

102 Information Security

104 Supply Chain Management

Guided by its aspiration to become a highly respected enterprise, Zijiang Enterprise regards sound governance and compliance as a core foundation. The Company continues to improve corporate governance, strengthen business ethics, reinforce information security, and advance responsible supply chain management, building a transparent, eficient, and trusted governance system.

ESG Strategic Targets

Achieve 100% employee coverage in anticorruption training by 2030

Maintain zero major information security incidents through 2030

Achieve 100% sign-of on the Supplier Code of Conduct among core suppliers by 2030

Corporate Governance

Governance Structure

Zijiang Enterprise continues to improve its governance structure and institutional system, optimize decisionmaking and management processes, and build a governance system with clear responsibilities and standardized operation. By strengthening strategic management, risk control, and internal control, the Company further enhances governance transparency, professionalism, and efectiveness, laying a solid foundation for prudent operations and long-term value creation.

The General Meeting of Shareholders serves as the highest authority. Under the leadership of the Board of Directors, management is responsible for day-to-day operations. The Board oversees development strategy and major decisions, while specialized committees provide professional review and supervision on key governance issues. Management is responsible for implementation, supporting efective delivery of strategy, risk control, and sustainability objectives.

General Meeting of Shareholders

Board of Directors

Responsible for decisions on the Company’s development strategy and major matters, overseeing overall operational direction, and supervising the implementation of relevant management measures to ensure efective delivery of development goals.

General Manager

Corporate Culture and Human Resources Management Committee

Responsible for organizing and implementing Board decisions, overseeing day-to-day operations and resource allocation, and driving the implementation of strategies and annua targets at the business-unit level.

Strategy and Investment Decisionmaking Committee

Remuneration and Appraisal Committee

Budget and Execution Committee

At board level, the Company has established six specialized committees covering strategy and investment, audit, remuneration and appraisal, nomination, budget and execution, and corporate culture and human resources. These committees conduct pre-review, deliberation, and oversight on relevant matters, helping the Board identify and assess important issues in operations, risk control, and sustainable development, and supporting more prudent, scientific, and eficient major decision-making.

The Company has further strengthened the responsibilities of the Board and its committees in risk oversight and internal control. In particular, the Audit Committee plays a more prominent supervisory role, reviewing financia disclosure, overseeing internal audit and internal control, and examining key financial and risk matters.

The internal audit function reports to the Board and operates under the guidance of the Audit Committee, independently supervising operations, risk management, and internal control and reporting major issues in a timely manner. This further enhances transparency, standardization, and risk prevention capability.

Corporate Culture and Human Resources Management Committee

Corporate culture and human resources matters, supporting talent development and organizational capability building.

Strategy and Investment Decisionmaking Committee

Reviews the Company’s medium- and long-term strategy, major investments, and key business matters, and provide plans and recommendations.

Remuneration and Appraisal Committee

Reviews remuneration policies and performance assessment mechanisms for directors and senior management, helping align incentives with development goals.

Budget and Execution Committee

Reviews and tracks the annual budget and execution status, supporting efective implementation of business plans.

Nomination Committee

Oversees nomination and qualification review for directors and senior management, strengthening governance structure and talent allocation.

Audit Committee

Reviews financial reports and related disclosures, supervises internal control and internal audit, and examines externa auditor appointment and related audit matters.

Key Metrics

General Meetings of Shareholders held: 2

Proposals approved: 16

Board meetings held: 5

Proposals approved: 28

Board Independence

Zijiang Enterprise safeguards independent judgment and efective checks and balances in Board by improving the participation mechanism for independent directors. As an important part of the Board, independent directors play a key role in corporate governance by providing independent and professional advice for Board decisions.

At the institutional level, the Company has formulated the Independent Director Work System, which clearly defines the appointment requirements, scope of duties, working procedures, and rights and obligations of independent directors. During the reporting period, Zijiang Enterprise had 3 independent directors, providing important support for major decision-making and standardized operations.

Board Diversity

In the appointment of Board members, Zijiang Enterprise takes into account factors of various professiona capabilities, while emphasizing diversity in Board structure. Through full exchange of diverse perspectives and rational discussion, the Company continues to enhance the Board’s comprehensiveness judgment in strategic assessment and major decision-making. During the reporting period, the Board elected a woman as Genera Manager, reflecting the continued eforts to promote diversity in its management team.

Key Metrics

Male directors 7

Female directors 2

Investor Relations Management

The Company values investor relations and maintains regular communication through email, hotline calls, investor meetings, postal mail, and the SSE interactive platform. It also holds quarterly results briefings via the SSE Roadshow Center to present business performance and strategy and respond to investor concerns. A dedicated IR team and formal management system help ensure eficient and standardized communication. In 2025, the Company revised 25 policies and introduced 5 new ones.

Key Metrics

Over 190 investor engagements (phone and in person)

40 announcements released

Shareholder Returns

The Company places high importance on shareholder returns and has paid cash dividends every year for 27 consecutive years since listing. Balancing investor returns with development and funding needs, it maintains a stable dividend policy and seeks to create long-term shareholder value.

Key Metric

2.52 times the funds raised

Risk Management

Zijiang Enterprise has formulated the Zijiang Enterprise Internal Control Manual, which serves as an importan institutional foundation for internal control and risk management. Centered on business processes, the manua systematically covers 29 business cycles and 82 sub-cycles, comprehensively identifying risk points in various business activities. In this way, risk management requirements are embedded into daily operations and management decision-making, supporting standardized operations and prudent development.

Zijiang Enterprise systematically identifies risks that may arise in operations and management and classifies them into the following five major categories

Zijiang Enterprise has established a risk management process covering the full course of operations and manages risks dynamically through a systematic and standardized approach.

Systematic Risk Identification

Identify major risks around core business and key management activities, and clarify the primary risks, impact areas, and risk factors.

Scientific Risk Assessment

Based on internal and external risks, assess possible impacts on operations and long-term development to support followup response decisions.

Tiered Risk Response

For identified risks, define management priorities and implement targeted measures.

Robust Emergency esponse

Establish a sound emergencyresponse mechanism to reduce the impact of sudden risks.

Continuous Improvement and Optimization

Regularly review risk management operations and continuously refine the risk management system.

Case

Selected as a 2025 Outstanding Internal Control Practice Case of Listed Companies

Zijiang Enterprise was selected as an outstanding case in the 2025 Best Practice in Internal Control of Listed Companies. The evaluation reviewed system completeness, efectiveness of operation, and risk prevention and control performance, reflecting external recognition of the Company’s standardized governance and governance capability.

Business Ethics

Anti-Unfair Competition

The Company upholds fair competition and does not tolerate improper competition practices. By clarifying conduct boundaries in business activities and external cooperation, Zijiang Enterprise seeks to maintain a compliant and trustworthy market environment.

Anti-Bribery and Anti-Corruption

Guided by the Corporate Culture Handbook, Zijiang enterprise continues corporate-culture communication and internal awareness-building to strengthen honest and standardized professional conduct. On this basis, it has established internal reporting channels and early-warning mechanisms for prevention of fraud risks.

The Company has established multi-channel communication mechanisms for business ethics and compliance, encouraging employees, partners, and other stakeholders to report potential misconduct, fraud risks, or compliance concerns. A dedicated business-ethics and compliance mailbox is in place, ensuring timely, prudent, and confidential handling of reports.

Reporting Channel

Business ethics and compliance email: hgjb@zijiangqy.com

Information Security

Zijiang Enterprise benchmarked against China’s cybersecurity regime (MLPS 2.0) and formulated the Information Security Management Standard, while carrying out corresponding remediation actions. The standard sets unified requirements covering information-security governance, infrastructure, system operations, and the protection of data and information assets

Zijiang Enterprise advances information security through centralized group coordination and tiered responsibility, covering both headquarters and subsidiaries. Responsibilities and management requirements are clearly defined, and embedded into daily operations and management processes.

Data and Information Asset Security Management

Zijiang Enterprise regards data as an important corporate asset and places strong emphasis on the systematic management and protection of core business data and information resources.

The Company manages two categories of data assets: Zijiang Enterprise’s own core commercial secrets and customer commercial information that requires enhanced protection. Through institutionalized management, the Company continues to improve its information assets.

Information Security Incident Management and Emergency Response

Zijiang Enterprise continues improving its ability to identify, respond to, and recover from information-security risks, reducing the impact of unexpected incidents on business operations.

Emergency Response Mechanism

Establish information security incident emergency response and handling procedure

Define incident classification, response requirements, and handling criteri

Internal Reporting and Closed-Loop Management

Improve incident reporting and high-level notification mechanisms

Promote issue resolution, review, and experience sharing to build a closed-loop management process

Strengthening Organizational Response Capability

Integrate information security incident management into daily operations

Continuously enhance the organization’s overall capability to respond to information security risks

Digital System Operations

Zijiang Enterprise continues strengthening information infrastructure management. By standardizing data-center management, network architecture, and system O&M requirements, the Company improves overall system reliability and resilience.

Standardized Digital Platforms and Data Governance

Zijiang Enterprise embeds information-security requirements throughout data collection, system integration, and platform operation, ensuring that data applications continue to deepen under secure and controllable conditions.

Secure Data Integration

• Integrate information security requirements into data collection systems and workflows

• Standardize the management of data sources, transmission, and access

Key Data Governance

• Strengthen the management of key operational data such as OEE and energy consumption

• Clarify data usage boundaries and governance responsibilities

Secure Digital Enablement

• Support digital transformation under a secure and controlled environment

• Enable the continuous development and deeper application of digitalization

Supply Chain Management

Supplier Management

Based on the Supplier Evaluation Procedure, Zijiang Enterprise has established a standardized mechanism covering supplier admission, evaluation, supervision, and exit, helping ensure supply-chain stability and sustainability through institutionalized processes and tiered management.

Based on its unified supplier management system, the Company conducts qualification review and on-site assessment of potential suppliers, with comprehensive evaluation across quality management, environmental management, technical capability, compliance, and service assurance.

Supplier Admission

Non-Compliance Management

Suppliers are regularly evaluated on indicators such as quality pass rate, on-time delivery, and service responsiveness, together with performance in areas including environmental management and production safety. The results serve as an important basis for cooperation adjustment and continuous improvement.

Based on material importance and business impact, suppliers are classified into A, B, and C categories, with corresponding procurement priorities and management requirements to improve resource allocation.

Supplier Classification

Supplier Performance Evaluation

Key Metric

For non-compliance issues identified in evaluation, suppliers are required to complete corrective actions within a specified timeframe, and results are tracked and verified. Suppliers with persistent underperformance or serious violations are removed in accordance with regulations and placed on the supplier blacklist.

Total number of suppliers: 1,146

Supplier Enablement and Collaborative Development

Zijiang Enterprise emphasizes collaborative development with suppliers and integrates capability improvement into supply-chain practice. Through exchange activities, the Company communicates with suppliers on industr trends and management practices, promoting information sharing and coordinated operations.

The Company guides suppliers to optimize raw-material selection, production processes, and logistics methods, improving environmental management and resource eficiency across the supply chain.

Case

Crown Caps & Labels Business Unit: Supplier ESG management and review

The business unit incorporates ESG performance into supplier selection and management criteria. Its review system covers environmental management, energy consumption, resource use, labor rights, health, and safety, ensuring that suppliers meet sustainability requirements in their operations.

Case

Paper Packaging Business Unit: Mock recall to strengthen food safety management

During the reporting period, the business unit’s central quality department, together with the procurement department and factory quality teams, organized a mock supplier recall exercise for major material suppliers. All suppliers completed recall actions and report submission within the required timeframe.

Appendix 1

Index to the SSE Self-Regulatory Guidelines No. 14 for Listed Companies — Sustainability Reports

Appendix 2

GRI Content Index

Appendix 3

SDGs Content Index

Appendix 4

Key Performance Indicators

2. In 2025, the Company optimized the accounting methodology for total hazardous waste disposed of, and the 2023 and 2024 figures were adjusted accordingly.

Promoting Green Oevelopment

Shaping a New Future Together