(I)Short-term objectives (2023) : Full integration of ESG into corporate governance ESG management system should be preliminarily established in the company. The governance structure covering the Board of Directors of the Company (hereinafter referred to as the “Board of Directors")., the Management and the Executive unit, which should be established with clear delineation of ESG responsibilities of each department. ESG management should be integrated with the planning and execution of work in each department, ensuring the implementation of an assessment mechanism in the functional departments at the headquarters where their ESG performance is linked with the KPI.

(II)Medium-term objectives (2024-2025): Fully integrate ESG into operational management At the operational level, ESG work should be consistently implemented to deepen ESG management. International leading cases should be referenced to improve the comprehensive management of ESG, promote the transition of port construction to green and intelligent development, and ensure the implementation of the assessment mechanism where ESG performance is linked with KPI of the Subsidiaries.

(III)Long-term objectives (2026-2027) : Fully integrate ESG into investment management In terms of investment management, ESG principles should be practiced, thus integrating the guiding principle of sustainable development into the Company's investment decision-making process. Before investments are made, factors such as the social and environmental impacts of the project and ESG risks should be taken into account in investment decision-making. After the investment, the ESG performance of the investment project should be continuously monitored and assessed, and efforts should be made to integrate the development performance of ESG investments with the KPI assessment mechanism.

Policy Statement of Ecological and Environmental Protection: We strive to implement the vision of building a green and ecological port, strictly abide by the relevant laws and regulations on ecological and environmental protection, and attach great importance to reducing the impacts of business operations on the ecological environment and natural resources. We commit to use energy, water resources and other natural resources in a more responsible manner, reduce emissions of greenhouse gases, waste gases, wastewater and other waste, conserve natural resources and biodiversity, continuously reduce the negative effects of our activities on the surrounding ecological environment, and actively protect and restore the ecological environment that has been affected.

Statement of Code of Business Ethics: We comply with local laws and regulations in all the industries we operate in, and attach importance to the impacts of business ethics on our company and our stakeholders. While abiding by the code of business ethics regulated by China Securities Regulatory Commission, we promise to actively manage our business behaviors and disclose our achievements in business ethics management openly and fully, subject ourself to supervision by the public, and strive to become the role model of honest business in port industry.

Occupational Health and Safety: We adhere to the development philosophy of "people-oriented, life first, and people first" and implement the policy of "safety first, prevention-oriented and comprehensive management". We promise to continuously manage and control safety production risks, carry out inspection and supervision, forestall major safety risks from the source, actively organize safety production education training, and summarize and promote the experiences of safety management in production. We has carried out safety standardization in accordance with laws and regulations at home and abroad, and accelerated the certification work of ISO 45001 and other health and safety systems among all subsidiaries. We has also carried out occupational health management work and been dedicated to providing a healthy and safe working environment for our employees and suppliers. We continuously improve our occupational health management to make sure our corporate behaviors contribute to the health and safety of humans, the environment and the communities where we operate in.

Supplier Code of Conduct: We comply with local laws and regulations in all the industries we operate in, and attach great importance to the legal compliance in supply chain management. We encourage all suppliers to conduct business in a manner consistent with business ethics. We require our suppliers to comply with all applicable laws and regulations, the requirements of the China Merchants Port Supplier Code of Conduct (《招商港口供应商行为准则》) and all contractual obligations.

Human Rights Policy Commitment: We firmly believe that protecting human rights is the foundation of enterprise's sustainable development, and we will do our best to safeguard the fundamental human rights of employees and stakeholders in the supply chain to ensure a workplace with equality and diversity and free from bullying and discrimination. Besides, we prohibit the use of child labor and forced labor, guarantee employees' salaries and benefits, respect their political rights and demands and protect their privacy rights.

Statement on Whistleblower Protection: We promise that the identity information of the whistleblowers will be kept strictly confidential. During the real-name reporting investigations, we will strictly limit the scope of insiders and the personal information of whistleblowers will not appear in the relevant documents and reports.