Zhejiang China Commodities City Group Co., Ltd.AddressCCC Group Building, 567 Yinhai Road, Yiwu, Zhejiang

Email600415@cccgroup.com.cnTel0579-85182812Postal Code322000

Fax0579-85197755Websitewww.cccgroup.com.cn

Environmental, Social, and

Governance Report

Zhejiang China Commodities City Group Co., Ltd.

CONTENTS

01 02Report Preface 01 Entering Yiwu CCC 05

Compliance Governance to Build a

Clean State-Owned Enterprise

Environmentally Friendly toGuard Our HomelandAbout This Report 04 About Us 09 Adhering to the Leadership of the Party 26 Addressing Climate Change 39Chairman's Message 07 Performance Highlights for 2024 18 Governance System 28 Resource Management 43Compliance Management 32 Environmental Management 51Business Conduct 36 Building a New Energy Trading Market 59

ESG Management 16

03 04

Indicator Index 125

Focused on Innovation to Provide

Superior Service

People-Oriented to Build a BetterSociety TogetherESG Governance System 16 Innovation-Driven 62 Employee Rights Protection 92Response to SDGs 19 Safety and Quality of Products and Services 70 Employee Training and Development 105Communication with Stakeholders 21

Reader Feedback 126

Information Security & Customer Privacy

Protection

83 Occupational Health and Safety 113Identification of Key Issues 22

Responsible Supply Chain Management 86 Practicing Social Responsibility 118

Building a Higher-Level International TradeGateway

Zhejiang China Commodities City Group Co., Ltd.About This Report 2024 Environmental, Social, and Governance Report

Report PrefaceAbout This ReportIntroduction

This report is the 16th Environmental, Social, and Governance (ESG)/Corporate Social Responsibility(CSR) report released by Zhejiang China Commodities City Group Co., Ltd. (hereafter referred to as the“Company”). Based on the principles of objectivity, standardization, transparency, andcomprehensiveness, this report details the practical measures and achievements of Yiwu CCC and itssubsidiaries, branches, and partially owned companies in environmental, social, and corporategovernance (ESG) during 2024.Report Scope

Time Scope

Organizational Scope

The reporting period covers January 1 to December31, 2024 (referred to as the "Reporting Period"). Toenhance comparability and completeness, somecontent includes retrospective data from previousyears or forward-looking statements.

This report focuses on "Zhejiang ChinaCommodities City Group Co., Ltd.," including itssubsidiaries, branches, and partially ownedcompanies. Unless otherwise specified, the scope ofthis report aligns with the Company's annual report.

Release Cycle

This report is an annual publication, released once a year in alignment with the fiscal year.

Preparation BasisThis report is prepared in accordance with the Shanghai Stock Exchange's "Guideline No. 14 for Self-Regulation of Listed Companies – Sustainability Reporting (Trial)" and "Guideline No. 1 for Self-Regulation of Listed Companies – Standardized Operations." Additionally, this report references theState-owned Assets Supervision and Administration Commission's "Research on ESG Special Reportingfor Central Enterprise-Controlled Listed Companies," the Global Reporting Initiative (GRI)"Sustainability Reporting Standards (2021 Edition)" (referred to as "GRI Standards"), and the UnitedNations Sustainable Development Goals (SDGs).

Data Source

The data in this report is sourced from Yiwu CCC's internal records, company documents, auditor’sreports, and other materials, with some financial data derived from the Company's 2024 Annual Report.Unless otherwise specified, all monetary amounts in this report are denominated in RMB.

Zhejiang China Commodities City Group Co., Ltd.About This Report 2024 Environmental, Social, and Governance Report

Title Description

For ease of expression and reading, "Yiwu CCC," "CCC Group," the "Group," the "Company," and"we" all refer to Zhejiang China Commodities City Group Co., Ltd. For details on subsidiarydesignations, please refer to the Definitions section.

Term Meaning

Market Operations Company

Zhejiang China Commodities City Group Co., Ltd. Market Operations

BranchFirst District Branch/FirstDistrict Market

Zhejiang China Commodities City Group Co., Ltd. International Trade City

First BranchSecond DistrictBranch/Second DistrictMarket

Zhejiang China Commodities City Group Co., Ltd. International Trade City

Second BranchThird District Branch/ThirdDistrict Market

Zhejiang China Commodities City Group Co., Ltd. International Trade City

Third BranchForth District Branch/ForthDistrict Market

Zhejiang China Commodities City Group Co., Ltd. International Trade City

Fourth BranchFifth District Branch/FifthDistrict Market

Zhejiang China Commodities City Group Co., Ltd. International Trade City

Fifth BranchHuangyuanBranch/Huangyuan Market

Zhejiang China Commodities City Group Co., Ltd. Huangyuan BranchBinwang Branch/Binwang

Market

Zhejiang China Commodities City Group Co., Ltd. Binwang Market BranchYixi Branch/Yixi Market

Zhejiang China Commodities City Group Co., Ltd. International Production

Materials Market BranchCCC Exhibition Yiwu China Commodities City Exhibition Co., Ltd.Big Data Company Zhejiang China Commodities City Big Data Co., Ltd.

Yiwugou Zhejiang Yiwugou E-commerce Co., Ltd.CCC Credit Zhejiang China Commodities City Credit Investigation Co., Ltd.Supply Chain Company Zhejiang China Commodities City Supply Chain Management Co., Ltd.Import and Export Company Zhejiang China Commodities City Import and Export Co., Ltd.

Comprehensive Bonded

Zone

Yiwu Comprehensive Bonded Zone Operation and Management Co., Ltd.

Hotel Management

Company

Zhejiang Yandoo Hotel Management Co., Ltd.Yiwu InternationalExpo Center Hotel

Zhejiang China Commodities City Group Co., Ltd. Yiwu International Expo

Center HotelOcean Hotel Zhejiang China Commodities City Group Co., Ltd. Ocean HotelYandoo Hotel Zhejiang China Commodities City Group Co., Ltd. Yandoo HotelYayue Hotel Zhejiang China Commodities City Group Co., Ltd. Yandoo Yayue HotelCCC Hotel Zhejiang China Commodities City Group Co., Ltd. CCC HotelTourism Company Zhejiang China Commodities City Tourism Development Co., Ltd.Kuaijietong Kuaijietong Payment Service Co., Ltd.

Report Acquisition and Feedback

This report can be accessed and downloaded from the Shanghai Stock Exchange website(www.sse.com.cn). If any questions or suggestions regarding the report, please send them to600415@cccgroup.com.cn.

Zhejiang China Commodities City Group Co., Ltd.Chairman's Message 2024 Environmental, Social, and Governance Report

Chairman's Message

2024 marks a pivotal year for realizing the objectives ofthe 14th Five-Year Plan, and also serves as the inaugural,breakthrough, and progressive year for Yiwu city’smission to “Forge New Paradigms and ReinvigorateProsperity.” Yiwu CCC always keeps in mind theinstructions of General Secretary Xi Jinping, anchoringitself with responsibility and sailing with mission, seizingnew reform opportunities, recreating market glory, andadvancing steadily amid global economic waves.To better advance the Company's ESG management, weestablished an ESG governance framework comprising theBoard of Directors, the Board Strategy and ESGCommittee, and the ESG Working Group. This effectivelypromotes the deep integration of ESG into every link of theCompany's value chain, continuously striving for moresignificant achievements in environmental, social, andgovernance aspects, and writing a chapter full of warmthand strength on the journey of high-quality and sustainabledevelopment.

Steering by the Party’s Guidance: Cultivating the Ethos of Enterprise GrowthThe "red gene" has always been the spiritual foundation of Yiwu CCC. We bear in mindGeneral Secretary Xi Jinping's encouragement and instructions for Yiwu Market to serve as anational leading market, setting examples in both Party building and development. Focusingon our main responsibilities and staying true to our original mission, we have forged the Partybuilding brand of "Gathering Markets to Build Cities, Serving Trade to Prosper Commerce,"making Party construction a red engine driving the sustained prosperity of Yiwu Market. Wedeepened the Party building demonstration zone, strengthened the service community, andexpanded the red intelligent governance network, further burnishing the honor of "NationalAdvanced Primary-level Party Organization."

Refined Governance: Amplifying the Momentum of Resilient GrowthWe always keep in mind the responsibilities and missions of state-owned enterprises, guidedby Xi Jinping’s Thoughts on Socialism with Chinese Characteristics for a New Era,continuously advancing the modernization of governance systems and capabilities. Byoptimizing governance structures, strengthening risk management systems, adhering tocompliant operations, and standardizing business practices, we lay a solid foundation for theCompany's long-term sustainable development.

Green Transformation: Painting the Scroll of Sustainable Development

We thoroughly implement the decisions and deployments of the National Development andReform Commission, with the "dual-carbon" goals as our strategic direction, fully embracinggreen development concepts, continuously advancing the construction of a green and low-carbon system, accelerating the clean energy transition, integrating environmental measuresinto daily operations, and striving to build green exhibitions, green operations, green buildings,and green trade, creating a resource-efficient and environmentally friendly modern enterprise.

Innovation-Driven: Forging a New Ecosystem for Market Trade

With digital reform as our spear, we support the innovative development of Yiwu Market,accelerating the iteration of physical markets, expanding overseas markets, and upgradingonline markets, continuously leading new global trade trends. We are fully committed tobuilding the Global Digital Trade Center, creating a new-generation market complex centeredon digital trade and leading global trends in small commodity trade. We iteratively optimizedthe Chinagoods platform to provide global traders with a one-stop service encompassing"exhibition and trade + customs, foreign exchange, tax, logistics, warehousing, andfinancing." We are accelerating the enhancement of the "Yiwu Pay" global payment platformto provide compliant, secure, and efficient integrated payment solutions for trade entities inYiwu Market.

People-Oriented: Jointly Constructing a Harmonious and Happy SocietyWe value our employees' contributions, uphold their rights equally, safeguard their physicaland mental health, and create a diverse, inclusive, and dynamic work environment whereemployees and the Company grow together. We never forget to give back to society, activelyresponding to national and local policy directions and strategic plans, supporting ruralrevitalization, promoting local economic development, and driving common prosperity. Weactively engage in social welfare initiatives and charitable causes, conveying warmth andcompassion through concrete actions to contribute to social harmony and progress.Looking ahead, we will remain steadfast in our mission of "Century Market, CenturyEnterprise," unwavering in our vision to "make markets more prosperous and trade easier,"and resolute in our positioning as a "Famouse Trade Service Platform." We will coordinateand advance various reform tasks and innovative measures to comprehensively enhance thecapabilities and upgrade the Yiwu market. We firmly seize the opportunities of our era,continue to implement ESG principles, and drive the deep integration of green and digitaltransformations, striving tirelessly for balanced development in economic, social, andenvironmental benefits.

Wang Dong

Chairman of the Board of Directors of Zhejiang China Commodities City Group Co., Ltd.

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Entering Yiwu CCCAbout Us

Company ProfileZhejiang China Commodities City Group Co., Ltd., established in December 1993, is a state-controlled listedcompany (Stock Code: "600415") headquartered in Yiwu, Zhejiang. It operates the world's largest small commoditywholesale market, Yiwu China Commodities City, and serves over 2.1 million SMEs. While advancing our coremarket business, we vigorously develop big data, import trade, warehousing logistics, supply chain finance,international trade, hotel management, exhibition and tourism, and related industries, fostering a trade developmentlandscape in Yiwu Market that integrates online and offline, links imports and exports, connects domestic andinternational markets, and balances domestic and foreign trade.The company is firmly rooted in its strategic identity as a “Famouse Trade Service Platform,” with a focus on its corebusiness of Market Operations and management and main line of digital trade. It is dedicated to developing four keysystems: market core competitiveness, international trade fulfillment services, digital infrastructure, and institutionalframeworks. By driving deep innovation, tackling reform challenges, and enhancing openness, the companysystematically progresses the iteration of the physical market, upgrades in trade fulfillment, optimization of digitaltrade services, and improvement in enterprise management. It vigorously expands both domestic and internationalmarkets, facilitating a smooth dual circulation, and aspires to emerge as a global trade leader that empowers the masstrade of small commodities.As a leader and demonstration site of national market procurement trade method, Yiwu has maintained high-speedgrowth for years, effectively stimulating the vitality of market entities and continuously improving the level of tradefacilitation.2024 marks a pivotal year for realizing the objectives of the 14th Five-Year Plan, and also serves as the inaugural,breakthrough, and progressive year for Yiwu city’s mission to “Forge New Paradigms and Reinvigorate Prosperity.”Yiwu CCC takes it as its responsibility to "build a world capital of small commodities with high quality and highstandards," aligning with the mission of "small commodities, big market, continuously recreating new glories." Itfocuses on the iteration of physical markets, optimization of trade services, global network layout, and enterprisetransformation and upgrading, accelerating the reconstruction of the international trade ecosystem for smallcommodities, and delivering a high-scoring answer sheet for market innovation and development.

Corporate Strategy

Overall Objective

To Be a Famous Trade Service Platform

Three Major Ecosystems

Trade Fulfillment Service Ecosystem

Commodity Display and Trade EcosystemMarket Supporting Service Ecosystem

Path

1+2+4+X

One Positioning: Famous Trade Service Platform

Two Main Lines: Market + Digital

Four Major Systems:

Market Core Competitiveness System, InternationalTrade Fulfillment Service System, Digital SupportSystem, Institutional Mechanism Support System

X Empowerment Items

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Corporate Culture

Vision

To Be Famous Trade Service Platform

Cultural Identity

Struggele To Pursue DreamsClean And Honest

Mission

Make Trade Easy

Core Values

Main Business

Operations and Management of Yiwu Market

Supporting Industries

Hotels Warehouse Exhibition Center

Overseas Business

Overseas Markets Import & Export FBC WarehouseYiwu Selection

Online PlatformChinagoods Platform Chinagoods.com

Financial Services

Micro Loan Currency Exchange Yiwu PayFactoring Credit Reporting

Business Segment

Product Display Ecosystem

Physical Market: Revenue of 5.222 billion Occupancy rate over 97%

International Expansion: 23 New Yiwu Market Projects in 2024

Accumulated 46 Yiwu Market Projects

Trade Fulfillment Ecosystem

Warehouse & Logistics: Over 900,000 m

in China

Online Marketplace: Over 4.8 million registered buyers, facilitating online

transactions exceeding RMB 210 billion

Finance: 4 licenses for payment, factoring, credit reporting, and micro-loan

Supporting Service Ecosystem

Star-rated hotels: 7 Convention & exhibition: to be listed

Effort

Encourage the process,reward the resultsMagicBoth imaginative an

down-to-eart

Implementation

Execution power is

competitiveness

Identity

we are all in thefamily of Yiwu CCC

Target

Make a little progressevery daySelf-confidence

You are better thanyou imagine

Team work

You are not fighting alone

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Major Events Timeline for 2024

"Global Central Warehouse" DigitalSupervision Platform launched andselected for Zhejiang Province's High-Quality Import Development Project Plan

The project "Data Elements EmpoweringSmall Commodity Digital TradeFacilitation" selected as one of the firstnational "Data Elements ×" typical casesMar

May

Yiwu Selection Japan (Tokyo) showroomofficially opened

First Jewelry Factory Exhibition Opened

The smart hardware and electrical

appliances area on the 3rd floor of the NewEnergy Product Market in the east of theSecond District opened

Apr

Global Digital Trade Center marketsection’s main structure successfullytopped out

Dubai Yiwu China Commodities City ratedas 2023 Zhejiang Provincial Top-ClassOverseas Economic and TradeCooperation Zone

Yandoo Hotel rated as Yiwu's First"National Five-Diamond Hotel"Jun

The first cross-border e-commerce 1210export business in Yiwu ComprehensiveBonded Zone completed

Yi Lianhong, Former Provincial Party

Secretary of Zhejiang, visitedInternational Trade CityAug

Jul

Yiwu CCC’s Yiwu Market Project("Optimizing the Yiwu Market ProjectSystem, Promoting the Sweet PotatoEconomy") was included as a best practicecase by the "Sweet Potato Economy"Capacity Enhancement "No. 1 OpenProject" Task Force Office of ZhejiangProvince

Sep

Yiwu International Digital LogisticsMarket (Yidongbei Warehouse) officiallycommenced operations

The 2024 China Yiwu Daily NecessitiesTechnology Innovation Expo opened atYiwu International Expo Center

The first warehouse receipt pledgefinancing business in YiwuComprehensive Bonded Zone completed

Yiwu Cross-border E-commerce LogisticsPark (S2) officially commenced operations

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Oct

Yiwu CCC Used Car Export Base opened

Yiwu Comprehensive Bonded Zone(Phase II) successfully passed jointinspection

The 30th China Yiwu InternationalCommodities Fair successfully held

Wang Hao, Provincial Party Secretaryof Zhejiang, visited Yiwu InternationalTrade City for research and chaired asymposium, with CCC Groupdelivering a special report

The first batch of cross-border e-commerce

retail import tariff guarantee insuranceservices in China completed in YiwuComprehensive Bonded Zone

Dec

Fingertip Canteen Flagship Store No. 2opened grandly

Nov

Sales of Global Digital Trade Center PhaseI Office Buildings launched

Yiwu Cross-Border E-Commerce IndustrialPark opened grandly

Zhejiang Provincial Financial DevelopmentCo., Ltd. and CCC Group signed a strategiccooperation agreement

First Bonded Leasing Business launched inYiwu Comprehensive Bonded Zone

Yiwu Import Trade Innovation DevelopmentPilot launched and first transaction completed

Key officials of CCC Group attended theentrepreneur symposium hosted by Premier LiQiang and delivered a special report

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Honors and AwardsNational Level

CCC Group Participated in and spoke at the enterprise symposium chaired by Premier Li Qiang

Awarded the "National May 1st Labor Certificate"

Key International Communication Development Base"Data Elements Empowering Small Commodity Digital Trade Facilitation" Selected as

One of the First 20 "Data Elements X" Typical Cases by the National Data BureauCCC Exhibition Yiwu China Commodities City Exhibition Co., Ltd. was selected for the second batch of

national-level service industry standardization pilots (specialized in commercial

circulation)Yiwu International Expo Center awarded the "Most Influential Exhibition Venue"Big Data Company 2024 Global Digital Trade Expo Pioneer Award Bronze PrizeSelected as a typical case of National County-Level Digital Circulation Leading

EnterprisesKuaijietong Yiwu Pay's "China’s Promotion of Cross-Border Trade Facilitation Through Digital

Payments" case was included in the "Global Digital Trade Development Report 2024"Yiwu Pay selected for "The 3rd Global Digital Trade Expo Digital Trade Development

Cooperation Case Collection"

Provincial Level

CCC Group Yiwu Pay’s completion of first cross-border RMB settlement transaction with Dubai, was

reported in Zhejiang Government Information (Issue 66), with important leadership

instructionsDubai Yiwu China Commodities City again rated as a Tier-1 Provincial Overseas

Economic and Trade Cooperation Zone "Optimizing the Yiwu Market Project System, Promoting the Sweet Potato Economy"

was selected as a best practice case for the "Sweet Potato Economy" Capacity

Enhancement "No. 1 Open Project"National Security People's Defense Line Construction Advanced Collective of Zhejiang

ProvinceCouncil Member of the 8th Zhejiang Provincial People's Government Foreign Friendship

AssociationYiwu Cross-Border E-Commerce Compliance Overseas Service Platform was approved

as one of the first batch of provincial institutional innovation cases of Zhejiang Free Trade

Pilot Zones in 2024

The 29th China Yiwu International Small Commodities (Standard) Fair was recognized asa 2023–2024 Zhejiang Province High-Quality Exhibition ProjectZhejiang China Commodities City Innovation Demonstration Zone was selected as one of

the first High-Level Service Industry Innovation Development Zones"Gathering Markets to Build Cities, Serving Trade to Prosper Commerce" Party Building

Brand was selected as a Provincial State-Owned Enterprise Party Building Innovation

Model for 2024Provincial-Level Excellent Archives RoomCCC Exhibition China Yiwu Import Commodities Fair project was included in the 2024 Zhejiang Province

Import High-Quality Development Project Plan

2023 Zhejiang Province Exhibition Industry Standardization Advanced UnitCCC Credit Third prize in Zhejiang Division of "Data Element X" Competition for 2024Big Data Company 2023 Zhejiang E-Commerce Demonstration EnterpriseComprehensiveBonded Zone

Yiwu Comprehensive Bonded Zone Global Central Warehouse Digital Supervision

Platform Project was included in 2024 Zhejiang Province Import High-Quality

Development Project PlanYayue Hotel Four-Star Tourist Hotel

Municipal Level

CCC Group 2023 Advanced Taxpaying Enterprise2023 Citywide Advanced Primary-Level Party Building Unit2023 Advanced Collective for Reform and Innovation Work Yiwu Free Trade Development Zone Regional Industry-Education Consortium Industry-

Education Integration Training BaseCollective commendation in 2023First-class rating in the 2023 comprehensive assessment"Strive for Excellence" Timely Reward in Yiwu City

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Performance Highlights for 2024

Business Performance

Operating Revenue 15.737 billion yuan

Net Profit Attributable to Shareholders of the Listed Company 3.074 billion yuan

Net Assets Attributable to Shareholders of the Listed Company 20.504 billion yuan

Total Assets 39.168 billion yuan

Basic Earnings per Share after Deducting Non-Recurring Gainsand Losses

0.55 yuan/share

Market GMV 279.8 billion yuan

Total Cash Dividends (Including Tax) 1.81 billion yuan

Total Tax Amount 1.103 billion yuan

Social Contribution Value per Share 0.90 yuan per share

Governance Performance

2023-2024 Information Disclosure Work Evaluation Result Class A

Investor Inquiry Response Rate 100%

Number of Internal Risk Trainings Conducted 2,005

Cumulative Duration of Internal Risk Trainings Conducted 2,017.42 hours

Participation in Internal Risk Trainings 24,768 person-times

Employee Integrity Agreement Signing Rate 100%

Total Duration of Anti-Bribery and Anti-Corruption Training 108,680 hours

Employee Coverage Rate of Anti-Bribery and Anti-CorruptionTraining

100%

Environmental Performance

Renewable Energy Power Generation 46,900,000 kWh

Renewable Energy Consumption Volume 5,764.01 tons of standard coal equivalent

Proportion of Renewable EnergyConsumption

14%

Greenhouse Gas Emission Reductions 38,504.90 tons of carbon dioxide equivalent

Recycled Water Usage 1,014,403 tons

Number of Environmental Penalties and ViolationIncidents

Compliant Waste Disposal Rate 100%

Zhejiang China Commodities City Group Co., Ltd.Entering Yiwu CCC 2024 Environmental, Social, and Governance Report

Social Performance

Cumulative Number of National Invention Patents Obtained 16

Cumulative Pieces of Software Copyrights Obtained 23

Cumulative Number of Trademarks Obtained 331

Number of Specialized Customer Complaint ResponseTrainings

1,268

Comprehensive Satisfaction Score of "Standards into theMarket" for Business Operators

96.14 points

Number of Data Security and Customer Privacy BreachIncidents

Number of Data Security and Customer Privacy ProtectionTrainings Conducted

Total Investment in Data Security 5.882 million yuan

Signing Rate of Integrity Agreements With Suppliers andProcurement Personnel

100%

Proportion of Female Employees 42.12%

Proportion of Female Managers 21.83%

Investment in Employee Training 2.5094 million yuan

Employee Training Coverage Rate 100%

Number of Empowerment Trainings Conducted by CCCGroup Mentor Team

Participation in Trainings Conducted by CCC Group MentorTeam

12,525 person-times

Investment in Safety Production 20.6167 million yuan

Participation in Volunteer Activities 8,760 person-times

Total Volunteer Activity Hours 28,944 hours

Zhejiang China Commodities City Group Co., Ltd.ESG Management 2024 Environmental, Social, and Governance Report

ESG GovernanceSystem

ESG Management Philosophy

Yiwu CCC upholds ESG principles, committed to pursuing economic benefits while also focusing on thecomprehensive improvement of environmental protection, social responsibility, and corporate governance,continuously striving to achieve more significant results in environmental, social, and corporate governance aspects,contributing to the sustainable development of society.

Yiwu CCC Characteristic Management ModelCorporate Culture

Yiwu CCC’s characteristic culture: Based on the commerce and trade industry, centered on the mission ofmaking trade easy, we focus on building a globally renowned comprehensive international trade serviceprovider, continuously shaping the Group's unique "Yiwu CCC culture," and consistently strengthening thecorporate culture construction of the Group.EmployeeManagement

Employee Team Building: Develop a group-wide full career lifecycle training system and Yiwu CCCtraining brand IPs like the Five Eagles Class and Fengyu Plan, implement "percentage-based" management;build a digital HR management platform to achieve "entry, transfer, adjustment, promotion, departure,retirement" career lifecycle management and Talent Profile 2.0, continuously driving high-quality HRdevelopment.Industry Promotion

Promote innovative development of the small commodities industry: Driven by digital reform, integrateonline and offline resources, link imports and exports, connect domestic and international markets, balancedomestic and foreign trade, leverage small commodities to access the global market, and use smallenterprises to drive industrial clusters, becoming the core carrier of a trillion-yuan small commodities tradehub.Product & Service

Comprehensive small commodity trade services: Established the Chinagoods platform, a one-stop tradeservice platform integrating "exhibition and trade + customs, foreign exchange, tax, logistics, warehousing,and financing," and built an ecosystem of digital procurement transactions, digital logistics fulfillment,digital financial empowerment, and digital regulatory services, providing small and micro enterprises withcomprehensive small commodity trade services.Trade Expansion

Accurately understand the market and quickly serve customers: Launched the "Yiwu Market Project,"driving merchants, goods, and supply chain services to "go overseas" through five major overseas paths—overseas sub-markets, overseas exhibition halls, FBC Warehouses, overseas exhibitions, and overseaswebsites—to better expand overseas markets.

ESG Management Mechanism

Yiwu CCC always prioritizes green and low-carbon high-quality development, continuously promotes the Company'simprovement in environmental, social, and corporate governance systems, strengthens the participation andsupervision of the Board of Directors in ESG matters, integrates ESG management into the Company's overall riskassessment and management system, and timely shares the Company's ESG development theoretical achievementsand practical experiences with society.To further improve the corporate governance structure, enhance the Company's ESG management and operationallevel, and better adapt to strategic development needs, Yiwu CCC has established an ESG management organizationalframework, building an ESG governance structure composed of the Board of Directors, the Strategy and ESGCommittee, and the ESG Working Group. It has formulated ESG management-related systems such as the "ESGManagement System" and "ESG Governance Framework and Responsibilities and Authorities," fully consideringESG-related impacts, risks, and opportunities in the process of strategy implementation, risk management, and majordecision-making. At the same time, ESG performance is incorporated into the performance evaluation ofcompensation for various units.Decision-Making Layer Management Layer Execution LayerGovernanceEntities

Board of DirectorsStrategy and ESG Committee

ESG Leadership Team ESG Implementation Team

Composition Members of the Board of Directors

Chairman, General Manager,other Party Committee members,and senior management personnel

Heads of various departments at the

Company headquarters,heads of subordinate companies, and

employees

Decision-Making

Layer

Management Layer

Execution Layer

Responsibilities of the Board of Directors

Review and approve the Company's ESG development strategies and goals, majo

issues, governance framework, management systems, etc., and finalize the Company'sESG re

rp

orts.

Responsibilities of the Strategy and ESG CommitteeResearch and provide suggestions on ESG goals, strategic planning,governance structure, and management systems; coordinate internal andexternal ESG work; study substantive issues; guide the daily implementation o

pf

ESG work and the preparation of ESG reports; and review ESG reports.

Understand the demands, opinions, and suggestions of stakeholders,analyze material issues, promote ESG implementation across executionunits, and compile ESG reports and related documents for the Company.

Four groups are established: corporate governance, environmental

fp

rotection, industrial value, and human capital, each takingresponsibility within their scope, ensuring ESG tasks areimplemented according to the overall plan and regularly reporting.

ESG Management

Zhejiang China Commodities City Group Co., Ltd.ESG Management 2024 Environmental, Social, and Governance Report

ESG Risk ManagementYiwu CCC continuously explores integrating ESG principles into corporate risk management and decision-makingprocesses, enhancing risk control in environmental, social, and governance aspects. The company identifies andevaluates various internal and external factors, conducts due diligence, reviews the requirements of stakeholders,formulates measures to monitor and review risk responses, and identifies and classifies the risk factors faced intoseven categories: investment risk, management risk, strategic risk, financial risk, market risk, and legal risk. Toaddress these risk points, the Company strengthens internal control system construction, standardizes operationalprocesses, establishes a scientific risk management system, and enhances internal supervision to minimize risks andensure safe, stable, and sustainable development.

Risk Category Risk Source Identification Prevention and Improvement Measures

Strategic risks

? Policy, economic, and environmentalrisks? Industry and competitor risks? Brand risks? New project risks, etc

? Strengthen the functions of the corporate strategy managementdepartment by evaluating risk sources, business growthopportunities, and new projects with relevant professionals? Mitigate policy and economic risks through industrial marketexpansion strategies? Increase investment in brand promotion to accelerate theinternational expansion of the brand? Expand industrial sectors and business models at appropriate times

ManagementRisk

? Major safety and quality risks in thecommodity market? Major safety risks in safety evaluationprojects? Information security risks

? Internal signing of safety responsibility agreements, and signing

safety responsibility agreements and integrity commitment letterswith merchants? Key management and technical personnel in the Safety Production

Department must meet corresponding qualification requirements,strictly implement operational activities in accordance withnational regulations, and special operations personnel must becertified; merchant construction operations must strictly followmall regulations? Establish a comprehensive safety management system and safetymanagement plan measures? Implementation of the ISO9001 management system

Financial Risk

? Financing risk? Accounts receivable management risk? Redundant fund management risks

? Establish a financial risk early warning mechanism? Strengthen the analysis of financing channels and costs, andenhance monitoring of the financing process? Strengthen monitoring and analysis of accounts receivable? Formulate capital management processes and systems

Risk Category Risk Source Identification Prevention and Improvement Measures

Investment Risk

? Fund security risk? Market risk? Business operation risks

? External investments: First, establish risk control positions with

dedicated personnel responsible for managing the Company'sexternal investment risks. Second, improve the managementsystems and operational methods related to foreign investment tolay a solid institutional foundation for the Company's foreigninvestment activities. Third, identify and predict risks at each stageof the Company's foreign investments, clarifying key controlpoints for each investment phase. Fourth, timely track and manageforeign investments before, during, and after the investmentprocess? Redundant fund appreciation: First, choose low-risk fundappreciation products such as treasury bond reverse repurchase andstructured deposits to ensure fund safety. Second, establish fundmanagement and treasury bond reverse repurchase purchaseprocesses to standardize product selection and fund usageproceduresMarket Risk

? Risk of policy impact on the industry? Risks arising from changes ingovernment investment models

? Timely collection of market, competitor, and policy information? Customer-centric, focusing on changes in customer needs andadjusting the business model accordingly

Legal Risk

? Risks from internal and externalenvironmental changes? Risks related to the awareness andadaptability to various internal andexternal policies, processes, andprocedures? Credit risk from external partners? Human resources risk

? Strengthening Pre-Project Market Research, Conducting Thorough

Risk Assessment and Analysis for Proposed Projects? Improve internal operation management systems, design internalcontrol mechanisms for key risk areas, and define risk controlpoints and standards? Improve cooperation management processes and relatedregulations, and strengthen legal awareness? Increasing the recruitment and development of high-levelmanagement personnel? Establish a legal department for controlESG Training and PromotionTo enhance ESG management capabilities and governance awareness, Yiwu CCC actively conducts ESG-themedtraining, incorporating ESG-related content into the training for managers, key business personnel, and frontlineemployees. During the reporting period, the Company hired external experts to conduct ESG training for themanagement, headquarters departments, and subsidiaries, covering ESG concepts and policy interpretations, toenhance understanding and improve the professional capabilities of management and staff. In 2024, a total of 4 ESGtraining sessions were conducted, with over 400 participants.

Zhejiang China Commodities City Group Co., Ltd.ESG Management 2024 Environmental, Social, and Governance Report

Response to SDGsAs a state-controlled listed company, we actively undertake and fulfill social responsibilities, explore new paths fora green circular economy, respond to the "dual carbon" development concept, closely align our corporatedevelopment with the United Nations Sustainable Development Goals (SDGs), continuously improve sustainabledevelopment management, and contribute to achieving the UN SDGs.

SDGs Content of SDGs Yiwu CCC’s Operation

Eliminating All Forms of Poverty Worldwide

Participate in public welfare activities

Support rural revitalization

Ensure healthy lifestyles and promote well-being forpeople of all ages

Implement safety productionSafeguarding occupational health

Ensure inclusive and equitable quality education andpromote lifelong learning opportunities for all

Smooth career development channels

Improve employee trainingmechanisms

Achieve gender equality and empower all women

and girls

Oppose gender discrimination

Care for female employees

Ensuring safe drinking water and sanitation facilities

Ensure drinking water safetyCommitted to water conservationCompliant wastewater treatment

Ensure access to affordable, reliable, sustainable,and modern energy for all

Carry out energy-saving and emission-reduction initiativesUse clean energy

Promote sustained, inclusive, and sustainable economicgrowth, achieve full productive employment, and ensuredecent work for all

Adhere to equal employmentProtect employee rights

Build resilient infrastructure, promote inclusive andsustainable industrialization, and foster innovation

Encouraging R&D innovationProtecting intellectual property

Ensure sustainable consumption and production patterns

Emphasizing product qualitymanagementSafeguarding customer rightsFocus on information security

Take urgent action to combat climate change and itsimpacts

Promote energy conservation andcarbon reductionPromote green operationsIdentify climate risks and

opportunities

Promoting peaceful and inclusive societies forsustainable development, providing access to justice forall, and building effective, accountable, and inclusiveinstitutions at all levels

Standardize corporate governanceUphold compliant operationsComply with business ethics

Strengthen implementation tools and revitalize globalpartnerships for sustainable development

Build a sustainable supply chainAdhere to responsible procurement

o Poverty

GoodHealth and Well-being

QualityEducation

Clean drinkingwater andsanitation facilities

GenderEquality

Affordable CleanEnergy

Decent Work andEconomic Growth

Industry,Innovation andInfrastructure

Climate Action

Responsiblecomsuption andproduction

Partnerships forthe Goals

Peace,Controversy, andStrong Institutions

Zhejiang China Commodities City Group Co., Ltd.ESG Management 2024 Environmental, Social, and Governance Report

Communication with StakeholdersYiwu CCC adheres to environmentally friendly business concepts, actively fulfills its social responsibilities, andpromotes sustainable development for both the Company and the environment. The company values the rights andinterests of stakeholders such as investors, customers, employees, and partners, actively establishing various effectivecommunication channels during business development to understand and promptly respond to their expectations anddemands.

Stakeholder Communication channel

Expectations andDemands

Our ResponseGovernment andRegulatory Agencies

? Visits and Information Reporting? Work Reports? Questionnaire Communication

? Operate in compliancewith laws and regulations? Supporting LocalDevelopment? Protecting theEnvironment

? Enhancing GovernanceStandards? Undergo regulatory audits? Adhering to GreenOperationsShareholders and

Investors

? Investor hotline ? Shareholders' Meetings? Information disclosure ? E-Interaction? On-site Investor Research? Earnings Briefing? Roadshows and Reverse Roadshows ?Questionnaire Communication

? Consistent and StableReturns? Transparent and openinformation

? Sustainable and stableoperations? Strengthening InvestorCommunication? Transparent InformationDisclosureMarket Operators

and Buyers

? Service Hotline? Corporate Website and Email? Official Wechat Platform? Communication meetings /seminars? Daily Operational Communication? Questionnaire communication

? Expand Trade Channels? One-Stop Procurement? Increase tradetransaction volume? Compliant and ethicaltrading

? Vigorously Cultivate ImportMarkets? Establishing an importedgoods market? Enhance transactionprocessing capabilities? Building a credit marketEmployees

? Trade unions and employee congresses? Symposium? Company visits and condolences? Work evaluation? Questionnaire Communication

? Training andDevelopment? Fundamental RightsProtection? Health and Safety? Humanistic care

? Conduct Employee Training? Safeguard employeecompensation and benefits? Strengthening occupationalhealth management? Employee care practicesCommunity

? Philanthropic and charitable activities? Volunteer services? Cultural exchange? Awareness campaigns and visits? Questionnaire Communication

? Philanthropy? Community publicwelfare? Promoting regionaldevelopment

? Conduct public welfareactivities? "Belt and Road" Initiative? Supporting ruralrevitalizationMedia

? Public Media? Platform media? Meet-and-greet sessions? Questionnaire Communication

? Accurate InformationDisclosure? Maintain goodcooperation? Special interviews

? Timely, complete, andaccurate informationdisclosure? Strengthening dailycommunication? Organizing joint activitiesIndustry Association

? Daily Communication? Industry association activities? Questionnaire Communication

? Smooth communicationchannels? Promote industrydevelopment

? Active participation inassociation meetings? Assist in AssociationActivities? Participating in industrystandard setting

Identification of Key Issues

In accordance with the "Shanghai Stock Exchange Listed Companies Self-Regulatory Guidelines No. 14 -Sustainability Report (Trial)" (hereinafter referred to as the "Guidelines"), and closely integrating the characteristicsof the industry and the actual operating conditions of the Company, while referencing the requirements of mainstreaminternational sustainability reporting standards, the Company comprehensively evaluates its performance on variousrelevant issues to determine whether they will have a significant impact on economic, social, and environmentalaspects (i.e., impact significance), while also considering whether each issue will have a substantial impact on theCompany's business model, operations, development strategy, financial condition, cash flow, financing methods andcosts, value chain, etc. (i.e., financial significance).

Understanding the Company’s Background

? Analyze based on global megatrends, China's industrial development trends, the macro environment, the

industry sector, and the Company's business model to identify stakeholders and the impacts, risks, andopportunities the Company faces.

Preliminary Screening of Issues? Use the 21 issues set in the "Guidelines" as the basis for the issue list, refer to the requirements of internationalmainstream sustainability reporting standards, and benchmark against the United Nations SustainableDevelopment Goals (SDGs) to establish the Company's 2024 ESG issue library, totaling 28 issues.

Issue Importance Assessment

Impact Materiality AssessmentSystematically assess the potential or actualpositive/negative impacts of each issue on the externalenvironment, society, and economy. Conductstakeholder analysis via questionnaires, collecting 554valid responses, and evaluate impact-material issueswith expert judgment.

Financial Materiality AssessmentThrough impact, dependency, and other factoranalyses, combined with expert judgment and theCompany's departmental risk identification andassessment lists, identify and assess risks andopportunities under relevant issues to evaluate issueswith financial materiality.

Issue Confirmation and Approval

? Form a list of impact materiality and financial materiality issues, and ensure transparent, balanced, andcomplete disclosure of relevant issues in the report.

Zhejiang China Commodities City Group Co., Ltd.ESG Management 2024 Environmental, Social, and Governance Report

Yiwu CCC Importance Issue Matrix

With both financial and

impact importance

With impact importance

but not financial

importance

With financial importancebut not impact importance

With neither impactimportance nor financial

importance

Yiwu CCC Key Issue Identification List

Importance Statement

Issue

Environmental

Dimension

Social Dimension Governance DimensionIssues with both financialand impact importance

—

? Innovation-Driven? Product and Service Safety &Quality? Information Security & Customer

Privacy Protection? Responsible Supply ChainManagement

—

Issues with financialimportance but not impactimportance

? Addressing Climate

Change? EnergyUtilization

— —

Issues with impactimportance but notfinancial importance

? Environmental

Compliance

Management? Circular economy? Water ResourceUtilization? PollutantEmissions? WasteManagement

? Protect Employee Rights? Employee Training andDevelopment? Occupational Health and Safety? Social Contribution? Rural Revitalization? Equal Treatment of SMEs

? Shareholder RightsProtection? Standardizing CorporateGovernance? Anti-commercial bribery

and anti-corruption? Anti-UnfairCompetition? Tax Compliance? Risk management? Due Diligence? Communication withStakeholders? ESG GovernanceIssues with neither impactimportance nor financialimportance

? Ecosystem and

BiodiversityProtection

? Technology ethics —

Employee Training &Developmen

Protect Employee RightsStakeholderCommunication

Anti-Unfair

Com

tp

etitio

Equal Treatment of SMEsRural Revitalizatio

Social ContributionDue Diligence

Risk managementCircular Economy

Pollutant Emissions

Tax ComplianceOccupational Health and SafetyWaste Management

Anti-Commercial Bribery & Anti-Corruption

Standardized Corporate GovernanceShareholder Rights Protection

Environmental Compliance Management

Water Resource Utilization

ESG Governance

Product and Service Safety & Quality

Information Security &Customer Privacy Protection

Innovation-Driven

Responsible Supply Chain

Ecosystem and BiodiversityProtectio

nn

Technology Ethics

Energy UtilizationAddressing Climate Change

High

Importance in Economic, Social, and Environmental Impacts

MediumImportance in Company Finance

High

2024 Environmental, Social, and Governance Report

Compliance Governanceto Build a Clean State-Owned EnterpriseYiwu CCC always keeps in mind the responsibility an

mission of a state-owned enterprise, ensuring that theconcept of sustainable development is fully integrate

dd

into all aspects of corporate operations. The Compan

continuously enhances its core competitiveness and riskresilience by optimizing governance structures,strengthening risk management systems, adhering tocompliance operations, and standardizing businesspractices, laying a solid foundation for achieving long-term sustainable development.ResponsetoDecent Work andEconomic Growth

Peace, Justice andStrong Institutions

Partnerships forthe Goals

Adhering to the Leadershipof the Party

Governance Structure 30Compliance Management 32Business Conduct 37

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Party Building SystemYiwu CCC adheres to the guidance of Xi Jinping’s Thoughts on Socialism with Chinese Characteristics for a NewEra, thoroughly implements the work deployment requirements of higher-level Party organizations, fully implementsthe general requirements for Party building in the new era, solidly advances the Company's Party building and massorganization work, fully leverages the political core and fighting fortress role of Party organizations and the vanguardand exemplary role of Party members, providing strong organizational and ideological guarantees for the Company'sdevelopment. In 2024, the Party Committee of Zhejiang China Commodities City Group Co., Ltd. (hereinafterreferred to as the "Group Party Committee") had 39 Party branches under it, with a total of 603 full Party members,and held 32 Party committee meetings.

In 2024, the Party Committee of Zhejiang China Commodities City Group Co., Ltd.

Subordinate Party

Branches

Full PartyMember

Party CommitteeMeetingsConvened

Honors for Party Building

The Group Party Committee keeps in mind Comrade Xi Jinping's encouragement and instructions that Yiwu Market,as a national leading market, should take the lead and set an example in both Party building and development. Itdeepens the Party building demonstration belt, solidifies the service community, and weaves a dense red intelligentgovernance network, systematically promoting institutional innovation, management innovation, and practicalinnovation. The Party building work of Yiwu Market has also received attention and affirmation from leaders atvarious levels, including the central and provincial governments. The 12 Party building standards of "Three Displays,Three Determinations, Three Promotions, and Three Possessions" pioneered by Yiwu Market have become a nationaldemonstration model for Party building in professional markets. The State Administration for Market Regulationlisted Yiwu Market Party Building as a national model; on the occasion of the 100th anniversary of the founding ofthe Communist Party of China, the Group Party Committee was awarded the title of "National Advanced Primary-Level Party Organization" by the CPC Central Committee. In 2024, as an innovative model of Party building in state-owned enterprises, it was featured in the "Zhejiang Party Building" official Wechat account's column on Partybuilding brands of state-owned enterprises.

Party Building Brand

Yiwu CCC keeps in mind the instructions and entrustments, focuses on its main business and responsibilities, staystrue to its original mission, and builds the Party building brand of "Gathering Markets to Build Cities, Serving Tradeto Prosper Commerce," making Party building a red engine driving Yiwu's market's sustained prosperity. GeneralSecretary Xi Jinping visited the International Trade City for the 9th time, affirming Yiwu's market development andencouraging "Yiwu's small commodities and big market to continuously renew their glory."The Party-building brand is rooted in the Yiwu market, advocating for "Striving for Dual Strengths in the Market,with Party Members as Pioneers." It integrates the fortress role of primary-level Party organizations and the vanguardrole of Party members into the brand-building framework, continuously improving systems, innovating mechanisms,enriching platforms, and deepening content to safeguard the "World Supermarket," serve global merchants, andfurther polish the honor of "National Advanced Primary-level Party Organization." The Group Party Committee takespromoting sustained market prosperity as its mission, fully leveraging its leadership and political core roles.

Guided by the distinctive brand of "Gathering Markets to Build Cities, Serving Trade to Prosper Commerce," it hasestablished the strategic transformation goal of becoming a "Famous Trade Service Platform," focusing on marketcore business and digital mainlines, and striving to build a market core competitiveness system, international tradefulfillment service system, digital support system, and institutional mechanism support system.Party Building Activities

The Company actively carries out Party building activities, organizing special micro-lecture competitions on the spiritof the Third Plenary Session of the 20th CPC Central Committee and large-scale training sessions for all incumbentParty members, among other diverse forms, to deepen and solidify Party discipline education and learning, providingstrong ideological support for the Company's high-quality development.

Case

Group Party Committee Held Micro Party Lecture Competition on the Spiritof the Third Plenary Session of the 20th CPC Central CommitteeThe Company deeply studies and implements the spirit of the Third Plenary Session of the 20th CPC CentralCommittee, combining learning and research at the Group Party Committee level and promoting learning throughcompetitions at the branch level, organizing special micro-lectures on the spirit of the Third Plenary Session of the20th CPC Central Committee, and simultaneously establishing the CCC Group "809000" Propaganda Team. At thecompetition venue, 35 primary-level contestants focused on the theme and key points, sharing vivid stories of howthe spirit of the Third Plenary Session of the 20th CPC Central Committee has taken root in small commodity tradedevelopment, market transformation, SOE reform, and business innovation. They recounted the profound changesover the past year since the General Secretary's inspection, aligning with the goal of "creating a model and renewingglory," using small examples to illustrate larger truths and promoting learning through competition, thereby unitingthe driving force for Yiwu's market transformation and the group company's reform and development.

Case

Case: CCC Group Party Committee Conducts Large-Scale Training for All On-Duty Party MembersTo thoroughly study and implement Xi Jinping‘s Thoughts on Socialism with Chinese Characteristics for a New Era,implement the spirit of the Third Plenary Session of the 20th CPC Central Committee, and deepen Party disciplineeducation, on July 27, 2024, the Group Party Committee launched its annual training for all incumbent Party membersunder the theme "Deepening Party Discipline Education, Unwaveringly Advancing Comprehensive and StrictGovernance of the Party."

Postal Code

322000

Adhering to the Leadership of the Party

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Governance System

Governance StructureThe Company strictly complies with laws and regulations such as the "Company Law of the People's Republic ofChina" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China"(hereinafter referred to as the "Securities Law"), and the "Corporate Governance Guidelines for Listed Companies,"as well as the regulations and guidance requirements of the China Securities Regulatory Commission and theShanghai Stock Exchange, building a corporate governance system with clear rights and responsibilities, scientificand efficient. The Company clarifies the functional scopes of management, decision-making, supervisory bodies, andthe executive management team, ensuring standardized and efficient operations through a collaborative work model,thereby promoting the Company's sustained and steady development and achieving strategic goals.

Governance by Shareholders’ Meeting, Board of Directorsand Board of Supervisors

General Meeting of Shareholders

In accordance with national laws, regulations, and theCompany's articles of association, the Company hasformulated the "Rules of Procedure for Shareholders'Meetings," specifying the procedures for convening,discussing, voting, and other regulations to ensure the fair,equitable, and effective operation of shareholders' meetings.

Shareholders' Meeting

Convened

Proposals Reviewed

Board of Directors

The Company strictly convenes and holds board meetings in accordance with the provisions of the "Articles ofAssociation" and the "Board Meeting Rules," exercising its authority in accordance with the law. The Board ofDirectors has established four specialized committees: the Strategy and ESG Committee, the Audit Committee, theCompensation and Evaluation Committee, and the Nomination Committee, to review specific matters in theCompany's operations.

Independence and Diversity of the Board of Directors

When determining the composition of the Board ofDirectors, the Company fully considers factors such asage, educational background, professional knowledgeand skills, and industry experience to ensure diversity,meet various business needs, and enhance the decision-making and execution capabilities of the Board ofDirectors. Board members possess extensive industryexperience, with professional backgrounds coveringfinance, economics, engineering, and other fields.

Meetings of Board

of Directors

Proposals Passed

Special Meetingof Independent

Directors

As of the end of the reporting period, the Company'sBoard of Directors consists of 8 members, including 3independent directors and 1 female director, withindependent directors accounting for 37.5% and femaledirectors accounting for 12.50%. In accordance with the"Administrative Measures for Independent Directors ofListed Companies" and the Company's articles ofassociation, the Company has formulated the"Independent Director Work System" based on itsactual situation to strengthen the constraints andsupervision mechanisms for internal directors andmanagement, promoting standardized companyoperations.

Meetings of SpecialCommittees of the Board ofDirectors

Meetings of Nomination

Committee

Meetings of Compensation andEvaluation Committee

Meetings of Audit Committee 7

Yiwu China Commodities City Holdings Limited

CCC GroupShareholders' Meeting

Board ofDirectors

ManagementTeam

Offices Discipline

InspectionOffice

Legal &AuditDepartment

Strategy andDevelopmentReformDepartment

Party-Mass Work

Department

SafetyProductionDepartment

SecuritiesDepartment

ConstructionManagementCenterDigitalDevelopmentDepartment

HR Center

FinanceCenter

Yiwu CCCInstitute

ZhejiangThink TankMarket Operations BU

Information Data BU

Supply Chain BU

Financial BU

Asset Operations BU

Boar

d

o

Supervisors

A

u

tCommittee

ompensat

on an

Evaluation Committee

Nom

nat

onCommittee

trategy an

E

Committee

Public Relations

Administrative

Construction Office

Cadre Management

Administrative Service

Market Operations Center

Property Service CenterMarket Expansion Center

Market Investment

Information CompanyDigital Port Compan

y

The Big Data Company

Supply Chain Compan

y

Logistics and Warehousing Company

y

Import and Export Company

Comprehensive Bonded Zone Company

International CompanyFinancial Holding Company

Kuaijietong Compan

y

Factoring Company

Hotel Management CompanyYandoo HotelOcean HotelCCC HotelParty School Guest House

International Expo Center HotelYourworld InternationalConference CenterYayue HotelTourism Company

Huangyuan MarketInternational Trade City 1st District

International Trade City 2nd District

International Trade City 3rd District

International Trade City 4th DistrictInternational Trade City 5th DistrictProduction Materials MarketBinwang Market

Global Digital Trade Center

Exhibition CompanyYiwugo Company

Xinlian Company

Internet Finance Company

Advertising Compan

Credit Reporting Company

Ningxia Supply Chain Company

Hong Kong Trading Company

Aishimao CompanyDubai Compan

y

Rwandan Company

German Compan

Spanish Company

Huajie Company

CCC Workers' UnionDomestic and Foreign Currency Company

Huajie Europe

Asset ManagementCompanyShangbo Yuncang

Lawyers Department

InvestmentManagemen

StrategicObjective

StrategicResearch

PartyBuilding

Union

YouthLeague

i

?Women's Federation

i

Hotel BU

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Board of Supervisors

The Board of Supervisors is the highest supervisory body ofthe Company. In accordance with relevant laws, regulations,and the "Articles of Association," the Company hasformulated the "Rules of Procedure for the Board ofSupervisors" to further improve the corporate governancestructure, ensure the independent exercise of supervisorypower by the Board of Supervisors in accordance with thelaw, and safeguard the interests of all shareholders and thesustainable development of the Company. In 2024, theCompany's Board of Supervisors consists of 5 members,including 2 employee supervisors and 2 female supervisors.

Meetings of Board of

Supervisors

Proposals Passed

Executive Compensation Management

The compensation plans for the Company's directors, supervisors, and senior management are formulated by theCompensation and Evaluation Committee of the Board of Directors and approved by the Shareholders' Meeting. TheCompany's internal directors, supervisors, and senior management receive compensation and performance-based payaccording to their positions within the Company. This is comprehensively evaluated based on their specificmanagement roles, annual performance assessments, comparable industry salary benchmarks, and the Company'sannual operating performance, ensuring alignment with the Company's yearly operational results.

Compliance Management

Internal Control and Risk Management

Yiwu CCC emphasizes compliance management and risk control, continuously improving its compliancemanagement and risk control system. In accordance with the "Basic Standards for Enterprise Internal Control,""Guidelines for Enterprise Internal Control Evaluation," and the "Articles of Association," it has formulated the"Zhejiang China Commodities City Group Co., Ltd. Risk Management Measures" and "Zhejiang China CommoditiesCity Group Co., Ltd. Internal Control Evaluation Management Measures." The Company has established a riskcontrol leadership group headed by the general manager and composed of leaders from various units (departments),which is fully responsible for the Company's risk management and control. The compliance, internal control, and riskmanagement processes are integrated into all aspects of management and operations, supporting the Company's high-quality development. The Company clarified fundamental internal control requirements to promote standardizedoperations, enhance information disclosure quality, and achieve corporate governance objectives. In 2023, theCompany's Legal and Audit Department was awarded the honorary title of "National Advanced Internal AuditCollective for 2020-2022."The Company's internal control is in good condition, with effective control measures. The Company has completedand disclosed the "2024 Internal Control Evaluation Report" in a timely manner. As of the evaluation report's baselinedate, no material weaknesses were identified in the Company's internal control, and effective internal control wasmaintained in all material aspects. The Company primarily establishes an internal control system from the followingfour aspects, implementing nine measures for effective control:

Internal Environment

The Company's Board of Directors has established an audit committee responsible for overseeing the effectiveimplementation of internal control and the self-evaluation of internal control. The group headquarters established aLegal and Audit Department to lead the specific implementation of internal controls. Subsidiary companies appointedinternal control officers responsible for establishing, implementing, and managing daily internal control operations.The Company employs a combination of control measures based on internal control objectives to effectively managevarious business operations and matters.

establish standards

The "Internal Control Manual" for each business line has been compiled to ensure all employees understand their jobresponsibilities, business processes, and the allocation of authority and responsibilities, enabling them to performtheir duties correctly and facilitating smooth internal control operations.Issued the "Zhejiang China Commodities City Group Co., Ltd. Internal Control Evaluation Management Measures,"clearly defining the organization, responsibilities, content, procedures, defect identification, reporting, andrectification of internal control evaluations.

Risk Assessment

Each year, the Company uses a designed questionnaire method to analyze and rank identified risks based on twodimensions: the likelihood of risk occurrence and the degree of impact on company objectives, thereby determiningrisks that require focused attention and priority control.In April 2024, the Company conducted a corporate risk assessment survey, collecting 585 valid responses. Based onthe survey results, management identified key risks requiring focus and priority control: compensation and benefitsrisk, talent reserve risk, policy risk, competitor risk, and market demand fluctuation risk.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Risk Probability Score Impact Level of Risk Score

Compensation and BenefitsRisk

1,289 Engineering Safety Risks 1,509Talent reserve risk 1,240 Engineering Quality Control Risk 1,505Policy Risk 1,229 Policy Risk 1,482Competitor Risks 1,226 Strategic Planning Risk 1,476Market Demand FluctuationRisks

1,223 Macroeconomic Risks 1,471Macroeconomic Risks 1,219 Investment decision risk 1,463Investment decision risk 1,217

National Industrial Structure Adjustment andIndustry Adjustment Risk

1,459Performance Evaluation andIncentive Risks

1,205 Seal Management Risks 1,444Strategic Planning Risk 1,187 Industrial Structure Risk 1,430Partner Risk 1,187 Board Performance Risk 1,424

Control Measures? Pre-event ControlIncompatible Duty Segregation Control: Conduct a comprehensive and systematic analysis of incompatible duties involved in businessprocesses, implement corresponding segregation measures, and establish a working mechanism where each party performs its ownduties, bears its own responsibilities, and mutually checks and balances.Budget Control: A comprehensive budget management system is implemented to achieve the Company's operational and managementobjectives, clarifying the responsibilities and authorities of each unit in budget management, standardizing the budgeting, review,issuance, and execution processes, and strengthening budget constraints.Early Warning And Emergency Control: Establish a major risk warning mechanism and emergency response mechanism forunexpected events, clarify risk warning standards, develop contingency plans for potential major risks or emergencies, designateresponsible personnel, standardize handling procedures, and ensure timely and proper resolution of unexpected events.? In-process ControlAuthorization and Approval Control: Building upon existing systems, the Company is streamlining various business processes andreview checkpoints. For "three importants and one major" matters, a collective decision-making approval or joint signing system shallbe implemented, and no individual may make decisions alone or arbitrarily alter collective decisions.Information System Control: Develop or procure business management systems tailored to each business segment's characteristics.Integrate authorization frameworks and process control requirements to achieve a human-machine collaborative control model,streamlining role definitions, clarifying responsibilities, and enhancing efficiency.Property Protection Control: Establish daily property management and regular inventory systems, implement measures such asproperty records, physical custody, periodic stocktaking, and account-entity reconciliation to ensure property safety. Internal ControlDesign and Implementation Effectiveness Testing: The Company conducts biannual tests on the effectiveness of internal controldesign and implementation, urging subsidiaries to identify and rectify deficiencies to improve the internal control system.? Post-event Control

Performance Evaluation Control: Establish and implement a performance evaluation system, scientifically setting up the evaluationindicator system.Internal Audit Control: The internal audit department actively conducts internal audits, performs annual self-assessments on theeffectiveness of internal controls, and timely issues and discloses the "Internal Control Evaluation Report."External Audit Control: The Company engages accounting firms to conduct specialized audits on the design and executioneffectiveness of internal controls, leveraging professional expertise to achieve comprehensive external and internal oversight.

Indicators Unit 2022 2023 2024Number of Internal Risk ControlTraining Sessions

Times 969 1,856 2,005Total Participation in Internal RiskControl Training

Times 11,249 23,009 24,768Total Duration of Internal Risk ControlTraining

Hours 837.08 1,811.57 2,017.42Related-Party Transaction ManagementTo ensure related-party transactions comply with fairness, justice, and transparency principles, the Companyestablished the "Related-Party Transaction Decision and Implementation Policy" in accordance with the CompanyLaw, SSE Listing Rules, and Articles of Association, clearly defining review/disclosure procedures and decision-making authority for such transactions. The Company strictly enforces a recusal mechanism where interesteddirectors and shareholders must abstain from voting on related-party transactions and cannot proxy vote for otherdirectors.Tax ManagementYiwu CCC adheres to the principle of tax compliance, ensuring that tax payments are in accordance with relevant taxlaws and regulations. The finance center is responsible for the Company's tax management. Based on the Company'sactual situation, it formulates the "CCC Group Tax Management System" and various tax management processes,strictly managing all tax-related matters. The Company integrates tax operations throughout the entire businessprocess, routinely employs tax management information systems, maintains tax ledgers, and conducts regularreconciliations with accounting and tax filing systems to ensure amount consistency. Meanwhile, the Companyorganizes training on new tax regulations, pays taxes on time, and prevents tax risks such as late payments or taxevasion. During the reporting period, Yiwu CCC had no tax violations. The Company organized 12 tax trainingsessions with a cumulative participation of 840 person-times, and arranged for relevant personnel to attend one batchof external tax training.Yiwu CCC has been consecutively recognized as Yiwu City's "Advanced Taxpayer Enterprise" for

multiple years and retained this title in 2024

Operating Revenue

7,620

11,300

15,737

Net Profit

1,105

2,676

3,074

Total Tax Amount

1,103

million

uan

2022 2023 2024

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Investor Relations Management

Shareholder Rights Protection

Yiwu CCC is committed to safeguarding shareholders' legitimate rights and interests, strictly adhering to the Articlesof Association and shareholders’ meeting procedures to ensure equal treatment for all shareholders. The Companyhas established a scientific and effective profit distribution decision-making process and adjustment mechanism toensure the entire distribution process is open and transparent, fully safeguarding the right to know and participate ofminority shareholders, and effectively protecting their legitimate rights and interests. At the same time, the Companyactively takes measures to prevent infringement of shareholders' rights and interests, ensuring that shareholders canshare in the Company's operational achievements.

Shareholder Returns

The Company places high importance on investor returns, formulating reasonable cash dividend plans. The "2024Action Plan for Quality Improvement, Efficiency Enhancement, and High Returns" outlines strategies to enhancelong-term returns, with plans to progressively increase the proportion of profits distributed in cash over three yearsstarting from 2024. Additionally, the Company aims to establish and refine long-term incentive and restraintmechanisms through measures such as equity incentives. The Board of Directors strictly implements shareholders’meeting resolutions and authorizations, distributing dividends to all shareholders and sharing operationaldevelopment achievements with them.Total Cash Dividends(Including Tax)

2022

20231,097million yuan

20241,810

Percentage of net profit attributable to listed company shareholders inconsolidated financial statements

Cash dividend per 10 shares (tax inclusive)

202220232024 202220232024

Note: The statistical basis aligns with the fiscal year of cashdividends, consistent with the annual report standard

Communication with Investors

The Company places great importance on maintaining investor relations and has formulated the "Yiwu CCC InvestorRelations Management System," with the Securities Department serving as the designated department for investorrelations management. The Company communicates with investors through diversified channels such as phone, email,and the SSE e-interaction platform regarding corporate governance, development strategies, and operational status,ensuring timely and accurate information disclosure to guarantee equal right to know for all investors and foster astrong trust relationship between the Company and investors.

Investor Communication Channels

Company official website: www.cccgroup.com.cn

WeChat Official Account: CCCGroup

Company email: 600415@cccgroup.com.cn

Contact number: 0579-85182700

PerformanceBriefings

The Company’s Interaction withInvestors on E-Interaction

Company Open DayEvents

60 times

Answered 687 investor calls Investor inquiry response rate: 100%

Case Performance Briefing

On November 5, 2024, the Company held its earnings briefing for Q3 2024 via online text interaction, discussingoperational results and financial indicators with investors and addressing their key concerns within the bounds ofinformation disclosure. The Company's Chairman, board secretary, financial officer, and independent directors allattended the meeting, addressing key investor concerns such as market value management and tax-free licenses,answering investor queries, and maintaining investor relations.

Information Disclosure

To better protect the legitimate rights and interests of investors and improve the transparency and standardization ofinformation disclosure, the Company strictly complies with the "Administrative Measures for Information Disclosureof Listed Companies" and the "Articles of Association" to formulate the "Information Disclosure ManagementSystem," standardizing the Company's information disclosure practices and strengthening information disclosuremanagement. In accordance with relevant laws, regulations, and institutional norms, we have formulated the "AnnualReport Information Disclosure Material Error Accountability System," adhering to principles such as seeking truthfrom facts, objectivity and fairness, and accountability for errors, to implement the accountability system and enhancethe quality and transparency of information disclosure.To standardize the Company's information disclosure behavior when issuingdebt financing instruments in the bank bond market, we formulated the"Interbank Market Debt Financing Instruments Information DisclosureManagement System" in accordance with relevant laws and regulations such asthe "Administrative Measures for Non-Financial Enterprise Debt FinancingInstruments in the Interbank Bond Market." It stipulates that the Company mustpublish the contents of the current issuance documents on websites recognizedby the dealers' association and disclose major events affecting the Company'sdebt repayment ability during the tenure of the debt financing instruments.

In 2024, the Company disclosed 4 periodic reports and 53 interimannouncements, with no incidents of penalties due to non-compliance ininformation disclosure. The Company's information disclosure work for 2023-2024 was rated as A grade, and it was awarded the "2024 OutstandingPractices of Listed Company Board Offices" honor.

yuan

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Business ConductAnti-Commercial Bribery and Anti-Corruption

Integrity SystemYiwu CCC strictly adheres to relevant laws such as the Criminal Law of the People's Republic of China and theSupervision Law of the People's Republic of China. Combining practical work and experience, the Company hascompiled the Integrity Risk Prevention and Control Manual, serving as a guide and reference book for corporateintegrity construction, enhancing employees' awareness of the importance of strengthening integrity risk preventionand regulating the exercise of power. Meanwhile, the Company has established internal management systems suchas the Several Provisions on Strengthening Integrity Risk Prevention and Control for Overseas Institutions (Trial),the Management Measures for Further Strengthening Supervision of Top Leaders (Trial), the CCC Group's DetailedRules for Trace Management of Collective Decision-Making on "Three Major and One Big" Matters, and theZhejiang China Commodities City Group Co., Ltd. Party Conduct and Clean Government Construction WorkInterview System, to strictly control corruption risks from multiple dimensions and ensure the Company's healthyand stable development.The Company formulated the "Comprehensive Supervision" Work System Construction Plan, established a"Comprehensive Supervision" working group, and set up positions for discipline inspectors and supervisors. Theworking group's main tasks include establishing supervision lines within the party, business, specialized, anddedicated areas, ensuring full coverage of supervision in business fields, clarifying specialized supervisionresponsibilities, and guaranteeing effective implementation of supervision.

"1+N" Major Supervision Work Management System Model

Note: The supervision targets within the "Comprehensive Supervision" system include CCC Group headquarters andall subsidiaries.

Integrity Risk ManagementYiwu CCC, in accordance with the "Integrity Risk Prevention and Control Manual," integrates risk management andmodern enterprise management controls into anti-corruption efforts, covering all business lines of Yiwu CCC. Itfocuses on standardizing power operations, identifying integrity risk points, categorizing job risks, detecting potentialcorruption risks, and proposing effective prevention measures to eliminate corruption.To fully ensure supervision and execution and enhance the supervisory role, the Group has established the "ThreeInspections" mechanism, namely "daily inspections, special inspections, and internal inspections," to conductinspections on the regulatory work of various business sectors and prevent business risks. During special occasionssuch as New Year's Day and Labor Day, the Company reiterates disciplinary requirements before the holidaysthrough reminders and group discussions, conducts surprise inspections during the holidays, and verifies problemclues after the holidays, strictly investigating and penalizing violations. During the reporting period, the Companycomprehensively identified over 600 integrity risk points at the primary-level level, formulated more than 700corrective measures, addressed risks and behaviors of excessive or easily abused authority, and strengthened primary-level supervision.

Board ofSupervisors

Inspection Team Dispatched byDiscipline Inspection Commission

Working groups(EnterpriseSupervisionCommittee, etc.)

Leading GroupHR CenterHeadquartersde

artments

Finance CenterTier-2 Organizations(Specialized supervision, dedicated

supervision, etc.)Discipline Inspection Liaison Officers

Primary-level

Employees

ManagementTargets

Tier-1 Organization

Tier-3 Organizations(Business supervision, self-inspection

and self-correction, etc.)Discipline Inspection OfficersTier-4 Organizations(Information collection, issue feedback, etc.)

Supervisors

Property operation support

vehicle inspection

Inspection of illegalacceptance of gifts and money

p

Disclosure inspection ofexpenses for official overseastrips, vehicles, and receptions

CCC Exhibition business travel

abroad process inspectionSupervisionTargets

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Integrity TrainingThe Company strictly complies with relevant laws and regulations such as the Supervision Law of the People'sRepublic of China and the Interim Provisions on Prohibiting Commercial Bribery, to prevent illegal activities suchas corruption and bribery, and to create a fair, just, and transparent business environment. To enhance employees'awareness of anti-corruption, continuously strengthen the Company's internal integrity culture, and effectivelyprevent illegal activities such as corruption and bribery, Yiwu CCC provided anti-corruption training to boardmembers, management, and employees during the reporting period.Anti-Commercial Bribery & Anti-Corruption Training for Directors and ManagementNumber of Directors Participating in Anti-Bribery and Anti-Corruption Trainings

Percentage of Directors Participating in Anti-Commercial Briberyand Anti-Corruption Trainings

People

%

2024 10 2024 100

Total duration of anti-commercial bribery and anti-corruption training provided to directors

Average duration of anti-bribery and anti-corruption trainingreceived by directors

Hours

Hours/person

2024 260 2024 26

Number of management personnel participating in anti-commercial briber

and anti-corru

tion trainin

Percentage of management participating in anti-bribery and anti-corru

tion trainin

People

%

2024 142 2024 100

Total duration of anti-commercial bribery and anti-corru

gp

tion trainin

rovided to mana

ement

Average Duration of Anti-Bribery and Anti-Corruption TrainingReceived b

Mana

ement

Hours

Hours/person

2024 4,260 2024 30

Number of Employees Participating in Anti-Bribery andAnti-Corruption Training

Percentage of employees participating in anti-commercial briberyand anti-corruption training

People

%

2024 3,255 2024 100

Total duration of anti-bribery and anti-corruption trainingprovided to employees

Average duration of anti-bribery and anti-corruption training

Hours

Hours/person

2024 104,160 2024 32

Integrity Education Activities

To further enhance all employees' awareness of the importance of integrity work, strengthen the internal culture ofintegrity, and effectively prevent illegal activities such as corruption and bribery, during the reporting period, theCompany actively organized multiple integrity activities and carried out anti-corruption initiatives.

Case

CCC Group Discipline Inspection Commission Launched "Heart Purification"Campaign for Petitions and Reports

In May 2024, the CCC Group Discipline Inspection Commission established the "CCC Group Discipline InspectionCommission Mobile Reception Team" at the Party-Mass Service Station in the Second Zone of the InternationalTrade City. Through various measures such as distributing promotional materials, handing out flyers along shops,and on-site Q&A, it extensively promoted the regulations and policies on petitions and reporting, accurately clarifiedthe distinction between legitimate petitions and false accusations, and educated and guided party members and thepublic to properly and effectively exercise their supervisory rights. Distributed over 600 promotional brochures on-site and conducted 3 mobile reception sessions.

Case

CCC Group Conducted Pre-Mid-Autumn Festival Integrity EducationThematic Activity

In September 2024, the CCC Group Discipline Inspection Commission organized disciplinary liaison officers,disciplinary inspectors, employee representatives, and members of the "Chonglian Shangjie" Model Team from theCCC Group Women's Volunteer Service Group to carry out the themed activity "Clean Breeze with Bright Moon,Celebrating a Clean Festival Together." Through integrity reminder talks, watching warning education films, making"integrity" mooncakes, and "integrity" lanterns, the Company actively explores new approaches to integrityconstruction, strengthens education on party spirit, conduct, and discipline, innovates integrity education methods,enriches educational platforms, and fosters a clean and upright atmosphere.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Reporting Channels and Whistleblower ProtectionTo effectively implement and achieve tangible results in party conduct, integrity, and anti-corruption efforts, theCompany has streamlined reporting channels. The Company has set up a complaint supervision hotline to facilitatedirect feedback from the public. Meanwhile, the Company has established a "I Want to Report" complaint columnon its official WeChat account "Shangcheng Qingfeng" and posted complaint notice boards in elevators acrossvarious markets, striving to build an open, transparent, and upright work environment, and earnestly fulfilling theresponsibilities of party conduct and integrity construction as well as anti-corruption. In addition, the Companyemphasizes the protection of whistleblowers. Reports are handled and documented by dedicated personnel, strictlypreventing the leakage and dissemination of whistleblowers' identities and report materials. Any retaliation againstwhistleblowers is strictly prohibited and punished.

Anti-Unfair Competition

Yiwu CCC highly values building and maintaining afair competitive market environment. It commits tocompeting fairly, strictly adhering to laws such as theAnti-Monopoly Law and the Anti-Unfair CompetitionLaw of China, promoting fair trade and competition,safeguarding healthy competition among rivals, andpreventing unfair competition risks. Moreover, theCompany incorporates anti-monopoly and faircompetition content into daily employee training toenhance employees' awareness of fair competition.During the reporting period, the Company did notexperience any incidents of malicious competition.

Addressing Climate Change 46Resource Management 50Environmental Management 58Building a New EnergyTrading Market

Environmentally Friendlyto Guard Our HomelandYiwu CCC actively responds to national policies,consistently adhering to the ecological and environmental

rotection concept that "clear waters and lush mountains areinvaluable assets," taking resource conservation an

environmental protection as its own responsibility. The

Company adheres to green operations, implement variousmeasures to conserve resources and energy, reduce pollutio

emissions, and contribute to building a beautiful China.

Clean drinkingwater &sanitationimplementation

AffordableClean Energy

Climate Action

EnvironmentalSocialGovernance

2024 Environmental, Social, and Governance Report

Responseto

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Addressing Climate Change

GovernanceYiwu CCC actively responds to the economic opportunities and challenges that climate change may bring to theCompany, integrates climate change response into its management and operational practices, makes reducinggreenhouse gas emissions an important part of its environmental management, and seeks an economic model toaddress climate change risks.The Company integrates climate change-related functions into the ESG governance framework, clarifies theresponsibilities of the Board of Directors and management, and establishes a top-down management system. Theboard oversees the management and progress of climate change issues. The Board Strategy and ESG Committee, asthe sustainability management body, leads the ESG working group in researching strategies and action plans, andestablishing and supervising relevant regulations. All relevant functional departments and subsidiaries of theCompany have taken effective measures to implement the Company's carbon reduction efforts.

Climate ChangeGovernance Entities

Role Responsibilities

Board of Directors

Decision-MakingLevel

Review and confirm climate change response systems andmechanisms, and assess the effectiveness of climate changerisk management and internal control systems.

Strategy and ESGCommittee

Decision-MakingLevel

Guide the design and implementation of strategies,objectives, and measures related to climate change; assessand manage climate change-related risks and opportunities;report regularly to the Board of Directors to ensureoversight.

ESG Leadership Team Management

Collaborating with various departments, units, andsubsidiaries of the Company to fully implement themanagement of climate change issues, regularly reviewingand summarizing the progress and effectiveness of relatedwork, and reporting to the Strategy and ESG Committee.ESG Implementation TeamEnvironmental ProtectionTeam

Execution Layer

The executive body for climate change-related responsemeasures.

Strategy

Climate change is profoundly impacting human health, supply chain stability, and global trade. To accurately identifyits effects on the Company's operations, Yiwu CCC analyzed climate-related risks, identifying both physical andtransition risks, as well as their impacts. It also recognized opportunities brought by climate change and activelyimplemented response measures.

Risk/Opportunity Type

Risk/OpportunityDescription

Financial ImpactDescription

ImpactCycle

Countermeasures

Entity Risk

Acutephysical risks

Increased frequency andintensity of extremeweather events such astyphoons, floods, heavyrain, heatwaves, and coldwaves.

Facility repairs andoperational disruptionsincrease costs; serviceinterruptions lead torevenue loss.

Short tomediumterm

Develop and implement detailed"Typhoon and Flood EmergencyResponse Plans," conductregular drills, monitor weathertrends closely, prepare materialsin advance for extreme weatherevents, ensure equipmentfunctionality, and guaranteeswift operational recovery.Chronicphysical risks

Continuous sea level rise,average temperatureincrease, extreme changesin precipitation andweather patterns, etc.

Increased operationalcosts; infrastructuredamage raisesconstruction expenses.

Mediumto longterm

Regularly organize floodprevention drills and constructflood walls to reduce theprobability of businessinterruption; develop high-temperature emergency plansand monitor temperature andhumidity in real time.

TransitionRisk

Market risk

Changes in customerbehavior and uncertainmarket signals.

Sudden and unexpectedchanges in energycosts.

Mediumto longterm

Firmly establish the concept ofgreen development and activelypromote the Company's energyconservation and carbonreduction efforts.Reputationrisk

Non-compliance or poorperformance in climaterisk management mayharm corporatereputation.

Operating revenuedecreased.

Mediumto longterm

Proactively release ESG reports,disclose environmentalprotection-related information,and increase the use of cleanenergy.

Opportunity

Energysubstitution

Use clean energy.

Reduce operatingcosts; mitigate the riskof future energy priceincreases.

Short,Medium,andLongTerm

Use clean energy to reducegreenhouse gas emissions.Products andservices

Develop new products orservices through R&Dand innovation.

Increase in operatingrevenue.

Short,medium,and longterm

Continuously innovate throughR&D to advance green and low-carbon services.

Impact Cycle Definition: Short term: within 1 year; Medium term: 1-5 years; Long term: over 5 years.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Case Conducting Flood Prevention Emergency Drill

To effectively carry out flood and typhoon prevention work in 2024, in line with the annual work plan, all units withinthe Group organized flood prevention drills in March 2024. These drills assessed the emergency response capabilities,reaction speed, and coordination levels of various departments during market floods, clarified their responsibilities,and inspected the operation of drainage facilities in the market, laying a solid foundation for flood prevention work.

Impact, Risk and Opportunity Management

Yiwu CCC incorporates climate change risks into the Company's risk assessment and control system, systematicallyidentifies and analyzes climate risks and opportunities faced by the Company's business and operations, proactivelyformulates response policies and measures, and seizes value creation opportunities.

Climate Change Risk Management ProcessRisk IdentificationCollaborate with third-party experts to identify physical risks, transition risks, and opportunities based on nationallaws, policies, global sustainability trends, and company specifics, laying groundwork for subsequent risk assessmentand management.Risk Assessment

Based on the Company's actual operations, conduct a comprehensive assessment of potential climate risks andopportunities, evaluating the impact cycle of climate change risks and opportunities and their potential major financialimpacts.

Risk ResponseBased on the results of risk assessment, the Company develops targeted risk response strategies and measures toeffectively mitigate the adverse impacts of climate change risks on its operations and financial condition. Meanwhile,the Company continuously monitors risk exposure and evaluates management measures to ensure effective climatechange risk management.Indicators and Objectives

The Company continuously improves its climate change management system, sets a goal of reducing carbon dioxideemissions per 10,000 yuan of revenue year by year, and formulates a series of energy-saving and consumption-reducing measures to implement them in operational processes.

Indicator: CO

emissions per 10,000 yuan of revenue. Objective: Decline year by year. Achievement Status: Inprogress

Total Greenhouse Gas Emissions

Direct Emissions (Scope 1)

Indirect Emissions (Scope 2)

150,992.35 tons of CO

equivalent 2,959.49 tons of CO

equivalent 148,032.87 tons of CO

equivalent

Greenhouse Gas EmissionReductions

Greenhouse Gas EmissionIntensity

38,504.90 tons of CO

equivalent 9.59tons of CO

per million yuan of revenue|

Statistical Scope: Market Operations Business Line and Hotel Business Line

Reducing Greenhouse Gas EmissionsIn response to the CPC Central Committee and the State Council's decisions on "carbon peak and carbon neutrality,"to build first-class sustainable development capabilities, maximize the development and utilization of green energy,and demonstrate state-owned enterprise responsibility and leadership in energy conservation and emission reduction,CCC Group actively plans new energy projects, creating the Yiwu International Trade City Comprehensive BuildingSmart Energy Demonstration Project, which includes photovoltaic power stations, chemical energy storage, chargingpiles, phase-change cold storage devices, air conditioning energy management systems, smart lighting systems, anda comprehensive energy smart management platform. In 2022, this project was listed by the Zhejiang ProvincialDevelopment and Reform Commission as a park-level source-grid-load-storage integrated demonstration project.The implementation of the Yiwu International Trade City Comprehensive Building Smart Energy DemonstrationProject not only reduces energy investment costs for the group but also serves as a model for the promotion anddevelopment of new energy, achieving good social benefits. As of the end of 2024, the group's distributedphotovoltaic power station installed capacity reached 65.77MWp, including 35.74MWp in the International TradeCity area, 1.9MWp in Huangyuan Garment Market, 2.63MWp in the International Production Materials Market,

1.6MWp in the Mall Entrepreneurship Park and Hengfeng Warehouse, and 23.9MWp in the Comprehensive Bonded

Zone.As of the end of 2024, the total power generation of the Group's distributed photovoltaic power stations wasapproximately 46.9 million kWh, of which the International Trade City area generated about 35.05 million kWh,Huangyuan Garment Market about 2 million kWh, International Production Materials Market about 2.8 million kWh,Mall Entrepreneurship Park and Hengfeng Warehouse about 1.7 million kWh, and the Comprehensive Bonded Zoneabout 5.35 million kWh (connected to the grid in batches from September to October).

Second District Market Photovoltaic Power Station

Fifth District Branch FloodPrevention Emergency Drill

Third District Branch Flood

Control Emergency Drill

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Resource ManagementEnergy Utilization

GovernanceYiwu CCC continues to promote the construction of a green system, strictly complies with energy conservation lawsand regulations such as the "Energy Conservation Law of the People's Republic of China," improves the energymanagement system, formulates a series of energy management regulations, establishes energy managementorganizations such as energy conservation inspection teams, sets up energy performance assessments, and regularlyconducts energy conservation training to enhance energy conservation and emission reduction, improve energyutilization efficiency, and contribute to saving resources and reducing carbon emissions.

Systems Related to Energy Utilization"Energy Management System""Energy Measurement Management System""Energy Use Training and Promotion System""Energy Conservation Manual"

"Energy Consumption Statistics and Analysis System""Energy Conservation and Emission Reduction Plan""Energy Use Reward and Punishment System""Energy Conservation Target Responsibility System"

Strategy

Risk/OpportunityType

Risk/OpportunityDescription

Financial ImpactDescription

ImpactCycle

Countermeasures

Risk

Compliancerisks

Energy consumptionexceeding regulatorylimits may risk fines oroperational disruptions

Excessive energy useleads to fines andincreases operationalcosts.

Short tomediumterm

Firmly establish the conceptof green development,actively promote theCompany's energyconservation efforts; optimizeenergy use structure andutilize clean energy.

Opportunity

Energysubstitution

Vigorously developclean energy

Reduce operationalcosts.

Short,medium,and longterm

Promote the construction ofsolar photovoltaic powerstations, use clean energy, andreduce energy consumption.

Impact CycleDefinition: Short term: within 1 year; Medium term: 1 to 5 years; Long term: over 5 years.

Impact, Risk and Opportunity Management

RiskIdentification

Timely track government policies, respond to regulatory requirements, and confirm theenergy indicator requirements issued by regulatory authorities for the year/quarter/month.RiskAssessment

Annually record the Company's energy consumption in ledgers, review whether recent dataexceeds regulatory requirements, preliminarily estimate current or next year's energy use,assess compliance with regulations, and develop energy-saving plans with correspondingmeasures.

RiskResponse

Reduce the Company's energy consumption and save energy through energy-savingequipment upgrades, energy-saving awareness campaigns, and the use of clean energy.

Indicators and Objectives

Indicator: Energy consumption per 10,000 yuan of revenue. Objective: Decline year by year. Achievement Status:

In progress

Indicators Unit 2024Gasoline Liter 36,097.36Natural gas Cubic meter 1,331,919.09Fossil fuel consumption Ton of standard coal 1,809.96Total purchased electricity Kilowatt-hour (kWh) 275,871,910.44Electricity and heat consumption Ton of standard coal 33,904.66Total non-renewable energy consumption Ton of standard coal 35,714.62Clean energy usage (photovoltaic powergeneration)

Kilowatt-hour (kWh) 46,900,000Renewable energy consumption volume Ton of standard coal 5,764.01Total energy consumption Ton of standard coal 41,478.63Proportion of renewable energy consumption % 14Energy consumption intensity

Tons of standard coal per million

yuan of revenue

2.64

Statistical Scope: Market Operations Business Line and Hotel Business Line

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Indicators and ObjectivesThe Company adheres to green principles, emphasizes energy conservation and consumption reduction, focuses onenergy-saving management of public facilities and work equipment such as lighting systems, office equipment andappliances, air conditioning, and elevators, while actively conducting energy-saving training and promotion toenhance employees' awareness of energy conservation and environmental protection.Energy-SavingGreen ExhibitionLighting System

Widely replacing with low-energy, long-life LED lighting, saving 50% to 80% energycompared to traditional incandescent and fluorescent lamps; installing smart voice-controlled lighting systems in stairwells to automatically adjust based on usage and time indifferent areasBrightness.Office Equipmentand ApplianceEnergy Efficiency

Requiring employees to turn off computers, printers, copiers, etc., when leaving the officeto reduce standby power consumption; selecting Energy Star-certified energy-efficientoffice equipment to ensure productivity while lowering energy use.Air ConditioningSystem EnergyEfficiency

Regularly clean and maintain air conditioning equipment to ensure efficient operation andavoid increased energy consumption due to filter clogging; air handling units apply variableair volume adjustment technology, with temperature control in each season and areaaccording to standards.Elevator EnergyConservation

The elevator motor drive system adopts variable frequency speed control or similar energy-saving designs.Energy FacilityManagement

Timely switching on/off lights in public areas; turning off lights when leaving office dutyareas; adjusting natural gas temperature seasonally; promptly closing valves after kitchenuse and reporting anomalies.Training andPromotion

Enhance employees' energy-saving awareness and conduct regular energy-saving trainingand publicity.

CCC Hotel Uses Energy-Saving Equipment and ImplementsIntelligent Management

Green Offices

Yiwu CCC upholds the concept of green office and implements environmental protection measures in dailyoperations. To reduce energy use and carbon emissions, the Company encourages employees to adopt green travelby actively advocating for the use of new energy vehicles and public transportation.

Green Exhibition

In 2021, the State Council issued the "Guidance on Accelerating the Establishment and Improvement of a Green,Low-Carbon, and Circular Development Economic System," clearly requiring "promoting the green development ofthe exhibition industry, guiding the formulation of relevant green standards, and promoting the circular use ofexhibition facilities." CCC Exhibition actively responds to the call for green exhibitions, emphasizing environmentalprotection throughout the entire process of setup, exhibition, and dismantling, using green materials, conservingenergy and resources, and reducing the generation of pollutants and solid waste.CCC Exhibition’s Green Exhibition MeasuresExhibition Setup PhaseThe exhibition venue operator leads the organization of "Green Exhibition" training for organizersand contractors, requiring them to fully implement and promote the "Green Exhibition" conceptthroughout their internal processes. Through strong economic measures, the Company guidesexhibitors and individuals to use recyclable, reusable, and low-emission renewable materials,promoting the overall construction of "green venues." By raising the entry threshold for boothconstruction, it firmly curbs energy consumption and pollution at exhibition sites.Exhibition PhasePrioritize eco-friendly technologies, processes, equipment, and materials, maximize energy andresource utilization, reduce pollutants and solid waste generation, promote the use of degradableacetate paper tape and plant starch film tape, and prohibit high-pollution exhibition materials to drivecorporate green transformation; strictly control the use of odorless inks and non-irritating gases inpainting and printing, ensure construction personnel take appropriate labor protection measures basedon the construction environment and venue; introduce national mandatory product certificationstandards for exhibition construction materials through standardized management to reduce energyconsumption.Exhibition Dismantling PhaseEncourage green dismantling, standardize the dismantling procedures for exhibitors and constructionunits, while strengthening on-site inspections to urge them to control noise pollution, reduce dustgeneration and harmful gas emissions, and properly recycle reusable components and decorativematerials according to operational standards; require exhibitors and construction units to transportand properly dispose of solid waste after the exhibition; renovate garbage transfer stations, strictlyimplement the four-category waste sorting method, and introduce professional teams for standardizedmanagement to avoid secondary pollution.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Green Design

Yiwu CCC actively promotes green building development, strictly controlling environmental managementthroughout the building's lifecycle from design to operation in compliance with national and industry standards suchas the "Green Building Evaluation Standard." Under the premise of ensuring basic requirements like quality andsafety, it maximizes resource conservation and minimizes environmental impact, achieving true harmony betweenarchitecture and nature.The Company implements quality and safety supervision and inspection for ongoing construction projects,conducting comprehensive oversight in areas such as safe and green civilized construction, technical quality, on-siteconstruction, and cost control. It promptly communicates the standardized management requirements for ongoingprojects from higher authorities such as the Municipal Construction Bureau and Quality Supervision Station,formulates relevant internal regulations, achieves green production, and reduces pollution impacts caused byconstruction.The Company's hotels, with "green experience" at their core, explore quantifiable low-carbon solutions for hotels,build a green and low-carbon hotel industry chain and supply chain, promote the green and low-carbon transformationof hotels, and jointly create a better life. In terms of green building, the Company expands the application of eco-friendly materials and implements a "modular construction plan" through modular design and assembly, dynamicallyadjusting the size and dimensions of components to achieve rapid and precise replication, improve constructionefficiency, and reduce waste generation.

Case Case Study: Green Building Design of CCC Hotel

CCC Hotel conducts green building design in accordance with standards such as the "Thermal Design Code for CivilBuildings" (GB50176-93), "Energy Efficiency Design Standard for Public Buildings" (GB50189-2005), ZhejiangProvince's "Energy Efficiency Design Standard for Public Buildings" (DB33/1036-2007), and "Grading and TestingMethods for Air Tightness, Water Tightness, and Wind Resistance of Building External Windows and Doors"(GB/T7106-2008). It selects and evaluates building materials and structural systems and performs energy-efficientdesign for building volume, shape, and envelope.

Water Resource Utilization

Yiwu CCC strictly complies with laws and regulations such as the "Water Law of the People's Republic of China,"actively responds to the "Action Plan for Water Pollution Prevention and Control" issued by the State Council,formulates systems including the "Water Conservation Management System," "Water Conservation TargetResponsibility and Assessment System," and "Water Usage Reward and Penalty System," establishes a waterconservation leadership group and a water conservation supervision team, continuously promotes comprehensivewater resource management, conducts regular drinking water testing, and ensures drinking and water usage safety.At the same time, the Company continues to respond to the dual-control targets for total water use and intensity issuedby the National Development and Reform Commission during the 14th Five-Year Plan period, saving water throughmeasures such as water-saving appliances and reclaimed water reuse, strictly preventing water resource waste. Duringthe reporting period, the Company's water supply was entirely sourced from municipal water. The Company regularlycommissions third-party professional agencies to clean domestic water tanks, requiring cleaning units to providequalification certificates and cleaning personnel to provide health certificates, conducts secondary water supplytesting, and issues an "Inspection and Testing Report." Water supply can only continue if the secondary water qualitymeets standards.

Indicator

Unit 2024

Fresh Water Consumption (Municipal WaterSupply)

Tons 2,274,239.26Recycled Water Volume (Reclaimed WaterReuse)

Tons 1,014,403.00Total Water Consumption Tons 3,288,642.26Proportion of Recycled Water Usage % 31Water Resource Consumption Intensity

Tons per million

yuan of revenue

208.98

Statistical Scope: Market Operations Business Line and Hotel Business Line

Water-Saving Measures

Market Operations Business Line

? Distribute water-saving brochures, leverage Water-Saving Awareness Week and the opportunity to create water-

efficient cities, and strengthen publicity through display windows, electronic screens, broadcasts, and WeChatto enhance tenants' water-saving awareness.? Advancing water-saving technological upgrades, installing water tanks on cooling towers to recycle air

conditioning water, renovating bathroom water supply and drainage pipelines and fixtures, adopting water-saving methods like foam flushing, controlling water supply to sanitary fixtures, and installing sensor faucets.? Pay attention to water usage details, avoid "long-running water" in restrooms, and set up water-saving reminders;use rainwater or reclaimed water for landscaping, adopting water-saving irrigation methods like sprinklers;strengthen cleaning supervision, facility maintenance, and regular meter reading analysis.? The maintenance center regularly inspects water equipment and facilities to prevent leaks and spills; implements

scientific management, criticizes and penalizes departments and individuals with severe waste; advocates forsecondary and multiple water usage to improve water resource utilization efficiency.

Statistical Scope: Market Operations Business Line and Hotel Business Line.

Hotel Business Line

? Using TOTO water-saving aerators in guest rooms and public areas to control flow; installing sensor faucetsin public restrooms and kitchens.? Strengthening water conservation in restrooms by preventing "long-running water" and setting up reminders;maintaining facilities diligently to eliminate leaks; conducting regular meter readings and analysis.? Each department appoints dedicated water conservation officers to monitor water usage, with flow restrictorsinstalled in certain areas.? Standardizing water-saving cleaning methods in Chinese and Western kitchens; engineering duty engineersinspect at least twice daily and report issues.? Establishing a water usage assessment mechanism to encourage employee water conservation.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Case Forth District Market Water ReuseFour rainwater collection pools are installed around the Forth District Market to recycle roof rainwater for irrigation,saving approximately 36,400 tons of water annually. In 2019, the Forth District Branch carried out repairs on theleaking chassis of four air conditioning cooling towers at the Forth District Market and installed five recycling watertanks to reuse air conditioning makeup water. These were put into operation in May 2020, saving approximately20,800 to 26,000 tons of water annually.

Case Yandoo Hotel Water Conservation Campaign

Yandoo Hotel has been utilizing an underground garage rainwater collection and reuse system since August 1, 2022,channeling building rainwater into storage tanks for repeated use in landscape irrigation. As of the reporting periodend, a total of 3,521 tons of water resources have been recycled.Yandoo Huayue Hotel Rainwater Collection Schematic Diagram

Water supply

Cooling tower Overflow water

Cooling tower

Circulating water

Cooling Tower Return Water Tank Operation Schematic Diagram

Rainwaterstorage tankRainwatercollection well

Clear water

Sewagedebris

Overflow

deviceOverflow

device

Rainwater draina

g

e

i

e

Hotel greenery sprinkler irrigation

p

Hotel fountain wate

r

Rainwater storage tank for project area

Yandoo Hotel Water Conservation Training

CCC Hotel Water Conservation Training

Water Conservation Campaign

at Yixi MarketYandoo Hotel Water Conservation Campaign

Third District Market Water Conservation Campaign

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Environmental ManagementEnvironmental Compliance ManagementYiwu CCC strictly complies with laws and regulations such as the Environmental Protection Law of the People'sRepublic of China and the Environmental Impact Assessment Law of the People's Republic of China, prioritizesenvironmental management, leads with green development, operates the environmental management systemefficiently and continuously, improves management systems, formulates regulations like the EnvironmentalManagement Operation Manual, establishes environmental management organizations, actively engages inenvironmental practices, and achieves dual benefits of corporate and ecological value. As of the end of the reportingperiod, Supply Chain Company and CCC Exhibition have obtained ISO14001:2015 Environmental ManagementSystem certification.To properly address local or regional environmental pollution accidents caused by sudden environmental pollutionor ecological damage, and ensure rapid and effective on-site emergency response, the Company has formulated the"Environmental Risk Emergency Plan" based on laws and regulations such as the "Environmental Protection Law ofthe People's Republic of China" and national standards, enhancing environmental emergency management to ensureorderly rescue operations with the fastest speed and efficiency, minimizing environmental impact. Additionally, theCompany has established a specialized command agency responsible for emergency command in environmentalpollution incidents, clearly defining departmental responsibilities and member roles. Before project commencement,the Company promptly conducts environmental impact assessments for construction projects. During the reportingperiod, the Company did not incur any environmental penalties or violations.To deeply instill environmental awareness and implement environmental actions, the Company continuouslyeducates employees on environmental protection during the establishment of the environmental management systemto enhance their awareness and capabilities. During the reporting period, the Company conducted a series ofenvironmental training and promotional activities. In 2024, the Company's total environmental protection investmentwas 124.585 million yuan.

Environmental protection investment statistics: Wages of market cleaning staff, renovation and minor repairexpenses of various markets.Pollutant EmissionsYiwu CCC's operations do not involve direct production,with no industrial wastewater or exhaust gases generated,only domestic wastewater and exhaust gases. TheCompany strictly complies with laws and regulations suchas the "Water Pollution Prevention and Control Law of thePeople's Republic of China" and "Air Pollution Preventionand Control Law of the People's Republic of China,"establishing relevant internal management systems for thewastewater and exhaust gases generated during operations.Each unit has set up a "Five Waters Governance" (tacklingsewage, preventing floods, draining waterlogging, securingwater supply, and promoting water conservation) task forceto oversee wastewater treatment, regularly commissioningthird-party professional agencies to test wastewater andexhaust gases, ensuring the normal operation ofenvironmental protection facilities, and the compliantdischarge and disposal of wastewater and exhaust gases.During the reporting period, the Company and itssubsidiaries were not listed as key pollutant discharge unitsby environmental protection authorities, and no penaltiesor violations related to pollutant emissions occurred.

Wastewater Management Measures"Five Waters Governance Inspection System""Hotel and E-commerce Park Wastewater PipelineManagement System""Five Waters Governance Management System""Five Waters Governance Inspection andRectification System""Pollution Prevention Management System""Wastewater Discharge Compliance System"

Wastewater and Exhaust Gas Management Objectives

Objectives Achievement Status100% Compliant Treatment of Wastewater Achieved100% Compliant Treatment of Waste Gas Achieved

In 2024, the Company only generated domestic wastewater, all of which was treated in compliance withregulations before being discharged into the municipal pipeline network. The industrial wastewater discharge was0 tons, ammonia nitrogen emissions were 0 tons, and chemical oxygen demand emissions were 0 tons.

Wastewater Management Measures

Market Operations Business Line

? Each unit established a "Five Waters Governance" task force to inspect grease traps at dining outlets weekly;conduct monthly inspections of peripheral rainwater and sewage wells, water supply pipelines, drainageequipment maintenance, basement and drainage ditch checks, basement sump inspections, and roof siphoninspections; regularly clean peripheral rainwater wells and basement sumps, and organize flood prevention drills.? Conduct safety inspections of stormwater and sewage pipelines through daily, annual, and special inspections,

checking for mutual leakage between stormwater and sewage wells, sediment and debris accumulation, andpipeline patency to ensure normal operation and establish a long-term management mechanism.

Hotel Business Line

? Conduct inspections and rectifications for the "Five Waters Governance" initiative, establish and improve a grid-

based management system, implement the responsibility system for governance objectives, assess relevantpersonnel according to the hotel's evaluation system to ensure "separate drainage of rainwater and sewage,intercept and divert pollutants." Rainwater is discharged into the municipal stormwater network, while sewageand wastewater are discharged into the municipal sewage network. Rainwater discharge meets the"Environmental Quality Standards for Surface Water" (GB3838-2002), and sewage discharge complies with thetertiary standard of the "Integrated Wastewater Discharge Standard" (GB8978-1996).? Wastewater from all kitchens is discharged into the municipal sewage network after oil separation treatment,

and toilet wastewater is discharged into the municipal sewage network after septic tank treatment as required.Drainage ditches and sewers in kitchens and bathrooms are regularly cleaned according to usage conditions toensure patency and no blockage; sewage wells, septic tanks, and grease traps should be regularly cleaned andmaintained to prevent accumulation and overflow.? Use phosphorus-free cleaning products, strictly prohibit the use of phosphorus-containing cleaning products,

and control the usage of other cleaning products.? Strictly maintain and repair drainage facilities to ensure their proper functioning; conduct regular inspections of

the "Five Waters Governance" in the jurisdiction and periodic checks of the drainage network. In case of

emergencies affecting the safe operation of sewage treatment facilities, take immediate emergency measures

and report promptly according to the group and hotel's emergency information reporting system.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Exhaust Gas Management MeasuresThe exhaust gases generated during Yiwu CCC's operations are mainly unorganized cooking fumes. The Companyhas installed digital fume purifiers in all canteens and catering establishments to promptly treat the generated fumes,ensure compliant emissions, digitally monitor the discharged fumes, and regularly clean the fume purifiers.

Exhaust Gas Test

Regularly commission third-party professional institutions to testdomestic sewage to ensure compliance with discharge standards. Inaddition, all units must obtain an Urban Sewage Discharge Permitbefore discharging wastewater into urban drainage facilities.Wastewater Test

Regularly commissions third-party professional institutions to inspectboiler exhaust, kitchen fumes, and fume purification equipment toensure compliant emissions.

Case Ocean Hotel Conducted Environmental Testing

In 2024, Ocean Hotel conducted one inspection and testing of the centralized air conditioning ventilation system, oneinspection of indoor air and customer utensils, one inspection of cooking oil fumes, one inspection of rainwater, andone inspection of domestic sewage.

Case Reducing Pollutant Emissions

In 2024, the Company generated 46.9 million kWh ofphotovoltaic power, reducing nitrogen oxide emissions by 6.24tons, sulfur dioxide emissions by 3.89 tons, and dust emissionsby 0.59 tons.

Waste Management

Yiwu CCC strictly complies with the Law of the People's Republic of China on the Prevention and Control ofEnvironmental Pollution by Solid Waste, the Technical Guidelines for Solid Waste Treatment and DisposalEngineering, and other relevant laws and regulations, and places great emphasis on waste treatment. The main wastegenerated during the Company's operations includes domestic waste and hazardous waste from office activities,perishable waste from hotel and Market Operations, and construction waste from projects. The Company engagesthird-party professional agencies to regularly ensure 100% compliant waste disposal. In 2024, the Company achievedits waste management goals of 100% compliant treatment or recycling of general waste and 100% compliant disposalof hazardous waste.

Grease Trap Cleaning and Maintenance

Hire third-party professional institutions to regularly clean and maintain grease traps, transport the removed waste todesignated garbage transfer stations, and sign the "Grease Trap Cleaning and Maintenance Service Agreement."Domestic Waste Disposal

Engage third-party professional agencies, sign contracts such as "Waste Disposal Service Agreement" and "WasteCollection and Transportation Service Agreement," aiming for reduction, recycling, and harmless treatment, adaptingto local conditions, reducing at the source, comprehensive utilization, and scientific management to ensure all wasteis collected, sorted, and cleared daily; and equip facilities for classified waste disposal, collection, transportation, andtreatment.? Collect and transport sorted waste by category after classification;? Transport recyclables to resource recovery processing units;? Hazardous waste is collected by domestic waste collection and transport units and then entrusted to licensedhazardous waste management companies for transportation? Other waste is collected and transported daily on schedule to the designated regional waste treatment terminal? The waste collection and transportation process is managed in a closed manner; waste transported directlywithout compaction vehicles should be sealed to prevent secondary pollution.

Digital range hood purifier

Rainwater Test ReportDomestic Sewage Test Report Cooking Fume Exhaust Test Report

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Harmful Domestic Waste

Engage third-party professional agencies, sign "Hazardous Waste Removal Service Contracts," and conductscheduled collection and removal of hazardous waste at designated points, including but not limited to waste batteries(nickel-cadmium, mercury oxide, lead-acid, etc.), waste fluorescent tubes (incandescent, energy-saving lamps, etc.),waste thermometers, waste blood pressure monitors, waste medicines and their packaging, waste paint, solvents andtheir packaging, waste pesticides, disinfectants and their packaging, waste film, and waste photo paper.

Perishable Waste Disposal

A professional renewable resource utilization company is hired to centrally collect, transport, and dispose of kitchenwaste (food waste, kitchen waste, and gutter oil) in compliance with the Law of the People's Republic of China onthe Prevention and Control of Environmental Pollution by Solid Waste, Yiwu City Food Waste ManagementMeasures, and other relevant laws, regulations, and documents, as required by government authorities.Construction Waste Removal

Hire professional construction waste removal companies, sign "Construction Waste Removal Contracts," andtransport construction waste (including renovation waste) according to government-approved routes and disposalsites.

Garbage Classification

Yiwu CCC conducts market sanitation management in accordance with the standards of a four-star scenic area,strictly adheres to the municipal urban domestic waste classification standards and work assessment index systemrequirements, implements "dedicated personnel for dedicated posts" at waste sorting points, achieves sourceclassification of waste collection, and strengthens market waste classification efforts. Additionally, the Companyadheres to the "Seven Problem Lists" as a guide, improves the "mirror reflection" mechanism, conducts routinesorting, identification, and resolution of risks related to waste classification based on the lists, carries out regularspecial inspections and training on waste classification, and implements closed-loop problem management.

Case Ocean Hotel Garbage Classification and Management WorkTo promote hotel waste classification and disposal, Ocean Hotel formulated documents such as the "2024 OceanHotel Domestic Waste Classification Annual Work Plan" and the "Ocean Hotel Garbage Classification TargetResponsibility Agreement," and issued notices such as the "Ocean Hotel Action Plan for Mandatory Domestic WasteClassification" and the "Ocean Hotel Notice on Strictly Implementing Provincial Waste ClassificationRequirements." Focusing on the work requirements of "controlling increase, promoting reduction, and improvingquality" in domestic waste classification, the hotel achieved full coverage of mandatory waste classification,improved classification accuracy, strengthened publicity and education, enhanced supervision and assessment,consolidated employees' classification awareness, fostered a participatory atmosphere, and better supported Yiwu'sefforts in building a civilized city.? Develop practical work plans based on departmental realities, integrate waste classification into dailymanagement, conduct ongoing thematic campaigns, and provide regular training to ensure everyone practiceswaste classification.? Allocate sufficient waste classification collection containers and temporary storage spaces based on local

conditions, collaborate with qualified agencies for regular collection and transport of hazardous and recyclablewaste, and ensure perishable and other waste is cleared daily.? Ensure thorough publicity, mobilize employees to actively participate, achieve 100% awareness and

participation rates in waste classification, and organize at least one waste classification training session permonth.

Third District MarketGarbage Sorting Point

Fifth District MarketGarbage Sorting Point

Binwang Market Office

Garbage Sorting

Discipline InspectionOffice Garbage Sorting

Second District MarketGarbage Sorting Campaign

Third District MarketGarbage Sorting Campaign

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Case Case Study: The Second District Market Creates a Zero-Waste Business DistrictTo advance the construction of "Zero-Waste City Cells," embed the concept of "Zero-Waste City" in people's minds,strengthen target management, and foster effective working mechanisms and collaboration among departments, theInternational Trade City Second District Market established a "Zero-Waste Business District" construction leadershipgroup, optimizing governance models and exploring the potential of "zero-waste" to promote the development of the"Zero-Waste Business District" in line with the commercial characteristics of the International Trade City.The Second District Market regularly conducts public welfare activities, promoting the concept of "Zero-Waste City"construction through LED electronic screens inside and outside the market, public accounts, etc., advocating forwaste classification, recycling of renewable resources, energy conservation and emission reduction, and resourceutilization, conveying the "zero-waste" concept to the public and international friends. Furthermore, the Companycollaborates with environmental groups to integrate market waste management into a digital system, enabling full-process supervision of waste handling. It also partners with power companies to create a smart energy comprehensivemanagement platform, achieving multi-energy coordination and efficient utilization of energy resources.

Case Case Study: Yandoo Hotel Creates a Zero-Waste Hotel

In June 2000, Yandoo Hotel was awarded the honorary title of "Zhejiang Province's First Batch of Green Hotels."The hotel established mechanisms for long-term management, formed a leadership group for waste-free construction,and effectively advanced waste-free initiatives and waste classification. Through hosting relevant lectures and settingup promotional displays, the hotel fostered a green mindset among its staff. In 2023, Yandoo Hotel was rated as a"Zero-Waste Hotel."

Circular EconomyYiwu CCC always adheres to the concept of a circular economy, committed to promoting the efficient use ofresources and the sustainable development of the environment, achieving a win-win situation for economic benefitsand environmental protection. During production and operations, the Company actively adopts renewable materials,emphasizes waste reduction, reuse, and recycling, strives to minimize resource consumption, and maximizes resourceutilization efficiency.

Material Management

In terms of green operations, the Company's hotels have introduced eco-friendly solutions, including phasing outsingle-use plastics, replacing plastic packaging for guest amenities with renewable biodegradable materials, and usinggreen, non-toxic raw materials to provide customers with healthy, environmentally friendly products and services.Additionally, through training and other means, the Company enhances the awareness of employees, franchisees, andsupply chain partners about sustainability to achieve energy conservation and consumption reduction.

Case Case Study: Material Reuse in CCC Hotel’s Projects

CCC Hotel is dedicated to reducing material and component procurement costs, striving to achieve bothenvironmental and economic benefits. Under the premise of ensuring safe equipment operation, when replacingcomplete components, staff carefully clean and lubricate the removed usable parts before uniformly storing them ondesignated shelves. They also regularly organize items on the shelves, promptly disassemble available components,and properly store them by category and zone. On the other hand, it enhances employees' awareness of energyconservation and consumption reduction, actively conducts training on material repair and reuse skills, and ensuresemployees master these skills to better adhere to the principle of repairing and reusing old materials. This includessecondary inspection and repair of materials replaced during emergency maintenance, enabling their reuse andeffectively reducing engineering material costs.

Yandoo Hotel Garbage

Sorting Training

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Paper Recycling

The Company actively promotes paperless operations, requiring employees to utilize digital technologies fordocument management and communication to reduce paper consumption. For unavoidable paper usage, the Companyalso advocates the use of recycled paper to lessen dependence on forest resources.

Yiwu International Expo Center Hotel Paper Conservation Measures? Implement a duplex printing andcopying system.? Encourage employees to useelectronic documents for officeprocesses such as file circulation andapproval.? Using electronic displays instead of

paper posters for hotel internalnotifications and promotions.

CCC Hotel Recycled Paper Collection Bin Yandoo Hotel Paper Conservation Slogans

Ecosystem and Biodiversity Protection

Yiwu CCC strictly complies with environmental protection laws and regulations. The Company's operations do notdirectly impact ecosystems, biological species and their habitats, or genetic resources, nor do they cause damage toecosystems or biodiversity. In the site selection process for company projects, areas such as nature reserves, keyecological function zones, or other regions with significant biodiversity value are avoided to prevent damage to localwater sources and ecosystems. During construction and operation, greening is carried out based on the surroundingplanting characteristics and ecological environment to avoid impacts on soil and groundwater.

Building a New Energy Trading Market

Yiwu CCC actively builds a new energy trading market, committed to promoting green, low-carbon, and sustainableenergy transformation, constructing an open, transparent, efficient, and fair trading platform where various newenergy producers, consumers, and investors can freely trade, achieving optimal resource allocation, and throughmarket mechanisms, better stimulating the development vitality of the new energy industry, promoting theoptimization and upgrading of the energy structure.The New Energy Product Market in the east of the Second District of Yiwu International Trade City officially openedon March 17, 2023, with a construction area of nearly 130,000 square meters and over 700 shops. It brings togethermore than 10,000 products from over 200 brands across several major categories, including photovoltaic modules,energy storage systems, and new energy vehicles, primarily serving countries in the Middle East, Africa, SoutheastAsia, and South America. From its inception, the market placed high importance on digital and intelligent applications,exploring an innovative "market + digital" model. It features comprehensive supporting services, including publicfacilities such as new energy vehicle charging stations and an immersive new energy experience plaza. The secondfloor houses a new energy vehicle exhibition area exceeding 2,000 square meters, introducing 10 new energy vehiclebrands, thereby enriching the market's business ecosystem.The New Energy Product Market in the east of the Second District strives to integrate Yiwu Market's robust newenergy application product innovation R&D system, leveraging Yiwu's foreign trade passenger flow and strongcomprehensive foreign trade service advantages, to build the world's first one-stop procurement platform for newenergy product series, forging the new energy product market into a "new engine" for high-quality development inthe new energy industry.In 2024, the Sampled Transaction Volume in the New Energy Product Market inthe East of the Second District Was 2.821 Billion Yuan, with the New Energy SectorAlone Accounting for 1.387 Billion Yuan.

The establishment of a new energy trading market facilitates the rapid development of the new energy industry, driveseconomic growth, and helps reduce corporate energy costs while improving economic efficiency. Through market-based trading, new energy can be produced and supplied more flexibly according to market demand, avoidingresource waste and idling. Additionally, new energy sources have advantages such as wide distribution, renewability,and pollution-free characteristics. The establishment of a new energy trading market helps accelerate the transitionfrom traditional to new energy, contributes to achieving carbon neutrality goals, and supports environmentalprotection and climate change mitigation.

2024 Environmental, Social, and Governance Report

Focused on Innovationto Provide SuperviorServiceYiwu CCC is committed to building a comprehensivepayment

latform, providing global merchants withconvenient and secure payment experiences. Weactively encourage technological innovation, ensureinformation security, leverage strong resourceintegration capabilities to achieve efficient logisticsconnections, guarantee smooth supply chai

pn

operations, and further consolidate and enhance ou

leading position in the global payment sector.

Responseto

Products, Innovation andInfrastructure

Peace, Justice andStrong Institutions

Partnerships for theGoals

Innovation-Driven 70Safety and Quality of Productsand Services

Information Security &Customer Privacy Protection

Responsible Supply ChainManagement

Building a Higher-LevelInternational Trade Gateway

Zhejiang China Commodities City Group Co., Ltd.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Innovation-Driven

GovernanceYiwu CCC adheres to innovation-driven development as the core of corporate growth, anchoring the strategic goalof becoming a "Famous Trade Service Platform." Under the framework of a unified national market, it coordinatesthe promotion of market innovation and corporate transformation, breaks through the physical limitations oftraditional business with digital reforms, enhances technological and product innovation capabilities, expands marketdevelopment efforts, and continuously improves informatization and intelligent management levels.

R&D SystemThe Company places high importance on R&D innovation, with its subsidiary Big Data Company serving as thecentralized unit for the Company's R&D activities. It bears the critical mission of integrating R&D resources andguiding innovation direction, playing a pivotal role in promoting the deep integration of technological innovation andbusiness development. Big Data Company has established a comprehensive system framework, includingmanagement systems, training systems, evaluation systems, incentive measures, and talent recruitment andcultivation systems. This ensures the scientific and orderly execution of all technical research activities,comprehensively enhances the overall professional technical level of the Company's R&D center, strengthens theCompany's core competitiveness and sustainable development capabilities in the innovation field, and lays a solidinstitutional foundation for the Company's steady progress in the wave of technological innovation. The Company'sinnovation capabilities have been strongly certified, with three subsidiaries, Big Data Company, Kuaijietong, andYiwugou, recognized as high-tech enterprises.R&D Innovation Systems

"R&D Project Management System""R&D Investment Accounting System""Organizational Management and Incentive Measures for Scientificand Technological Achievements Transformation""R&D Expense Subsidiary Ledger System""R&D Center Management System""Performance Evaluation and Incentive System for Scientific andTechnical Personnel""Management System for Innovation and Entrepreneurship PlatformConstruction""Training and Further Education System for Scientific and TechnicalPersonnel""Training Management System for Scientific and TechnicalPersonnel""Management System for the Recruitment of Scientific and TechnicalTalents"

Big Data Company has established a research center comprising Applied R&D, Core R&D, and Hangzhou R&Ddepartments. Through active operations, the Company gains better market insights and develops products that meetmarket demands.

R&D Personnel Structure

Yiwu China Commodi

iesCit

Bi

Data Co., Ltd.

Technology

Dept.

ExternalExperts

R&D Center

g

TechnicalDirector

Product

Dept.

HangzhouR&D Center

Product Team

DesignTeam

BIDevelopmentTeam

WebDevelopmentTeam

R&D Team

Test Team

ServerDevelopmentTeam

Product Team

Total Number of R&DPersonnel

Proportion of R&D

Personnel

By Age Group

By Gender By Education Level Number of Core Technical

Personnel

113 people30-40 (including 30, excluding 40)23 people40-50 (including 40, excluding 50)57 peopleUnder 30 (excluding 30)

137 men56 women 143 bachelors

37 below bachelors12 masters1 doctor

5.93%

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

R&D Investment

Construction of Innovation Platform

To accelerate the implementation of the innovation-driven development strategy, promote mass entrepreneurship andinnovation, unleash the vitality of innovation and entrepreneurship across society, and contribute to building a modern,international, and innovative city, Big Data Company established the "Innovation and Entrepreneurship PlatformConstruction Management System," allowing eligible individuals to utilize the Company's existing infrastructure forentrepreneurship. Big Data Company was included in the Jinhua Municipal Science and Technology Research andDevelopment Center filing list in 2023, becoming a municipal-level R&D center in Jinhua. The full name of the R&Dcenter is "Jinhua China Commodities City Big Data Science and Technology Research and Development Center." In2024, the Company's "Zhejiang China Commodities City Digital Trade High-Tech Enterprise Research andDevelopment Center" was filed as a provincial high-tech enterprise research and development center.

Strategy

Risk/Opportunity Type

Risk/OpportunityDescription

Financial ImpactDescription

ImpactCycle

Countermeasures

Risk

Policy andLegal Risks

Enterprises mayencounter intellectualproperty disputesduring technologicalinnovation, such aspatent infringement ortrademark conflicts.

Increasedoperating costs

Short tomediumterm

Establish an intellectualproperty monitoringmechanism to promptlyidentify and addressinfringements; hire aprofessional legal team toprovide legal consultationand support, reducing legalrisks.

Opportunity

ServiceInnovationOpportunities

Enterprises can utilizedigital technologies,artificial intelligence,and other means toprovide moreconvenient, efficient,and personalizedservice experiences,thereby increasingcustomer stickiness.

RevenueIncrease

Short,medium,and longterm

Improve databaseconstruction according todevelopment needs,strengthen the R&D talentteam, and establish strategicpartnerships with topinternational customers toachieve collaborativedevelopment of platformfunctions.Impact Cycle Definition: Short term: within 1 year; Medium term: 1-5 years; Long term: over 5 years.

Impact, Risk and Opportunity ManagementManagementProcess

Management MeasuresRiskIdentification

The Company, in accordance with systems such as the "R&D Project Management System"

and the "Innovation and Entrepreneurship Platform Construction Management System,"

identifies and evaluates various internal and external factors, comprehensively assessing risks

related to R&D and innovation, covering all stages of R&D project management.

RiskAssessment

Based on the Company's actual operations, conduct a comprehensive assessment of risks and

opportunities, evaluating the impact cycle of innovation-driven risks and opportunities as

well as their potential major financial impacts.

Risk Response

By strengthening internal control system construction, standardizing operational processes

reasonably, establishing a scientific risk management system, and enhancing internal

supervision, risks can be avoided or minimized as much as possible to ensure the Company's

safe, stable, and sustainable development.

million yuanR&D Investment2022

2023

2024

2024

2023

2022

Ratio of R&D Investment to

Operating Revenue

49.2984

48.6583

52.1895

0.65

0.43

0.33

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Indicators and ObjectivesThe Company's technological innovation strategic objectives are as follows: Focus on the research and

application of key technologies, resource allocation and risk management, to achieve the goals of business innovationand development. The R&D strategic planning adheres to the principle of fully leveraging the "technologicalinnovation" strategic engine, increasing R&D investment, improving core patent quality, increasing the number ofinvention patent applications, and promoting the implementation of achievements. It actively strengthenscollaborative innovation capacity building and enhances the transformation of innovative achievements.

Three-Year Technology R&D Plan for Big Data Company2024

Build a market data-driven AI commerce model and launch AI application products covering keycommerce processes.2025

Build an intelligent commerce ecosystem, deepen the AI R&D system, and achieve majorbreakthroughs in key technological areas.2026

Deepen AI technology breakthroughs, lead intelligent commerce transformation, and promote theglobalization of intelligent commerce applications.

Scientific and Technological Innovation Practice

Innovation IncentiveBig Data Company established the "Innovation Project Management Measures" to standardize the innovation projectapplication and management process. Additionally, it formulated the "Scientific and Technological AchievementsTransformation Organization Management and Reward Measures," "Scientific and Technical Personnel PerformanceEvaluation and Reward System," "Scientific and Technical Personnel Training and Further Education System," and"Scientific and Technical Personnel Training Management System" to stimulate the creativity and enthusiasm ofscientific and technical talents, improve their overall quality, enhance the Company's product and service innovationcapabilities, and promote the cultivation, summarization, improvement, and promotion of the Company's innovationachievements.

The Company implements various incentives for organizations and employees who actively collect

knowledge for sharing and utilize knowledge for innovative improvements

MaterialIncentives

Establish project rewards, rationalization proposal rewards, technological innovation rewards, etc.SpiritualMotivation

Recognize employees for service contributions and excellence.JobPromotion

Promote outstanding employees who achieve significant knowledge innovation through

knowledge utilization and possess management capabilities.

Joint R&D Mechanism

Industry-University-Research Collaboration

The Company formulated the "Industry-University-Research Collaboration Management Measures" and jointlyestablished internship bases with more than 20 higher education institutions, including Zhejiang University, ZhejiangGongshang University, Zhejiang Normal University, Jiangsu University, Jiangxi University of Finance andEconomics, Hangzhou Dianzi University, and China Jiliang University.

Technical Exchange and Cooperation

The Company maintains long-term cooperation and exchanges with domestic large enterprises and financialinstitutions, and has established extensive business contact channels and information transmission networks withmajor universities and research institutions.Industry-University-Research Collaboration

Project name Cooperative Organization

Restructuring the "Yiwu-China SmallCommodity Index" data system

Zhejiang Gongshang UniversityAI large language model Tencent, Tsinghua UniversityAI Independent Website TongyiQianwen Model

Alibaba

Participation in Industry Standard Formulation

During the reporting period, Yiwu CCC assisted in drafting local standards such as the "Standards Entering theMarket" Work Specification for Yiwu City. Additionally, in accordance with the relevant provisions of the "YiwuSmall Commodity Standards Innovation Federation Group Standards Management Measures," the federationorganized formal reviews and defense meetings for the 2024 group standard proposals, approving 31 standardsproposed by Yiwu CCC across two batches.

Innovation Achievements

The Company strengthens ecological cooperation andtechnological innovation, accelerates the diversifiedapplication of AI technology in the commercial trade sector,empowers small commodity trade applications through AIGC,covering various trade segments such as production design,content generation, traffic acquisition, and transactionfacilitation, helping merchants reduce costs and increaseefficiency. The AI-powered "Digital Lady Boss" persona,created by AI-empowered physical business operators, hasbecome a well-known IP, recognized by CCTV as arepresentative case of new economic transformation. In 2024,the Company launched a total of 10 AI products, includingXiaoshang AI Translation, AI Independent Website, andXiaoshang AI Business Card, serving over 100,000 users andbenefiting more than 20,000 business operators. Attracted640,000 new customers for businesses, improved productdisplay efficiency by 10 times, and reduced costs by 35%.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

The Company has developed over 50 software products and services centered around the Chinagoods platform, andhas obtained 16 invention patents and 23 software copyrights. Big Data Company has achieved the transformation ofmultiple research outcomes into practical applications. By adopting cutting-edge technologies and actively exploringnew technological applications, the Company has successfully developed products such as the Chinagoods SellerAPP system, Chinagoods Chinese Website, and the China Commodities City platform.

Business Model Innovation

The Yiwu CCC’s Chinagoods platform(www.chinagoods.com) was launched in October 2020.It is the only official digital platform for the Yiwumarket, serving as an integrated international tradedigital service platform that bridges Yiwu CCC'sphysical and digital markets. It also acts as a digital tradeservice provider for small, medium, and microenterprises nationwide. The Chinagoods platformleverages 75,000 physical stores in Yiwu Market,connecting over 2.1 million SMEs and micro-enterprises.With nearly 10 million international buyers as itsfoundation and trade data integration as its core driver, itaddresses the needs of both supply and demand acrossproduction design, display transactions, marketmanagement, international logistics, warehousing, andfinancial payment processes. This enables effective andprecise allocation of market resources, building agenuine, open, and integrated digital tradecomprehensive service platform.With the digital transformation of business models andthe restructuring of global trade, Chinagoods hasmigrated the traditional trade elements of "people, goods,and venues" entirely to the cloud. Through AIintelligence and digital services, it assists SMEs intransitioning to digital trade, offering comprehensiveend-to-end services including transaction matching,financial services, and digital trade fulfillmentguarantees.

Chinagoods Platform Product & Service Cluster

The Company integrates artificial intelligence (AI) throughout the entire Yiwu digital foreign trade ecosystem,deeply transforming the supply chain industry and empowering traditional markets. This strategic implementationdeeply engages the entire trade chain of the small commodities industry, initially forming a series of product loopsfor an AI-powered digital trade ecosystemDigital Boss Lady-AI video translation and XiaoShang AI translation have reduced the language barriers for Yiwumerchants in foreign trade; XiaoShang AI design helps users quickly generate images and videos through AI,reducing costs and increasing efficiency in product digitization; Digital Boss Lady-AI store customer service hascreated an all-around AI digital customer service, enabling the Yiwu market to operate 24/7; AI independentwebsites have opened up more overseas trade opportunities. Xiaoshang AI utilizes intelligent interactive Q&A,breaking through the limitations of keyword search and information flow recommendation models. It not onlyenhances the personalized experience of Chinagoods users but also drives the evolution of the Yiwu commercemodel by deeply understanding the preferences and needs of purchasing users, thereby promoting cost reduction,efficiency improvement, and business model updates for merchants.

Intellectual Property Protection

Yiwu CCC strictly complies with laws and regulations such as the "Patent Law of the People's Republic of China"and the "Copyright Law of the People's Republic of China," placing high importance on intellectual propertymanagement, respecting others' intellectual property, and protecting its own intellectual property. The Company hasestablished intellectual property-related management systems, emphasizing knowledge accumulation, including thecreation, utilization, and improvement of proprietary intellectual property. During the reporting period, the Companydid not experience any intellectual property infringement incidents. As of the end of the reporting period, theCompany and its core subsidiaries had cumulatively obtained 16 national invention patents, 23 software copyrights,and 331 trademarks.Technology Ethics

Technology ethics are the value concepts and behavioral norms that must be followed in scientific research,technological development, and other technological activities, serving as an important safeguard for the healthydevelopment of the technology sector. In its daily operations, the Company does not engage in activities related totechnology ethics. The technologies used and activities conducted comply with existing laws, regulations, andindustry standards, with no potential risks arising from technology ethics issues.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Safety and Quality of Products and ServicesYiwu CCC, rooted in commercial trade, fosters a unique "quality culture" within the Group, continuouslystrengthening quality management to ensure product quality and service standards. All business lines under the Groupplace high importance on product and service quality, considering them key elements to enhance marketcompetitiveness and win consumer trust.

GovernanceYiwu CCC always regards maintaining market prosperity as its eternal theme, with work revolving around the market,projects built around the market, and resources gathered around the market. It continuously improves service qualityin iterating Yiwu market construction, innovating international trade services, and empowering the development ofsmall and medium-sized enterprises, driving the Yiwu market to write a new chapter of high-quality development inaccelerating the construction of a new development pattern.The Company's Market Operations BU is responsible for market management, maintaining market order, andensuring a favorable business environment. In daily operations, the division strictly implements the Company's "SOPProcedures" (two volumes), "Management Systems" (two volumes), "Service and Product Models," etc. At the sametime, it actively implements the "Standards into the Market" Work Specifications, building a fair, just, transparent,stable, and predictable competitive environment for market tenants on the foundation of a rigorous andcomprehensive institutional system. This effectively prevents and resolves market disputes and promotes sustainablemarket development.Yiwu CCC adapts to market and industry developments, building its own platform advantages while serving bothbuyers and merchants. It innovates business development, expanding from relatively single market property servicesto diversified services in information flow, logistics, and payment flow, continuously enhancing its comprehensivemarket service capabilities. The Company focuses on physical markets and the digital trade platform (Chinagoods)as dual pillars, building an ecosystem around product display and trade, trade fulfillment services, and market supportservices. It clarifies customer needs, improves the service system, and forms an innovative development ecosystemcentered on physical markets—"people, goods, and places."Ecosystem

CustomerGroup

Market Requirements List Reform List

Commodity Displayand TradeEcosystem

Marketmerchantsand buyersin Yiwu

Domestically, it connectswith 287secondarysub-marketsacross China;internationally, it has traderelations withover 230countries andregions.Brandglobalizationfocuses onserving co-constructionof the "Beltand Road"countries andregions

A better marketoperating environment

Physical market upgrades, with nearly 100 million yuaninvested annually in hardware renovations, achieving 10-gigabit fiber optic coverage.More buyers arecoming to Yiwu

Increase efforts to attract buyers, attracting over 1 milliondomestic and international buyers annually throughpolicy incentives, business referrals, and eventpromotions.Better digital servicesfor the market

Upgrade digital customer service to enable "zero-trip"handling of merchant services such as shop pledge loans,lease renewals, and electronic contracts.The domestic markethas a broader reach

Establish a self-operated trade system, providing end-to-end import and export trade services, driving marketoperators to better expand domestic trade.Strengthen overseasmarket expansion tomake "going global"easier.

Launched the "Yiwu Market Project," driving Yiwumarket merchants, goods, and supply chain services to goglobal through five major overseas expansion models:

overseas sub-markets, FBC warehouses, websites,exhibition halls, and trade fairs.

Ecosystem

CustomerGroup

Market Requirements List Reform List

TradeFulfillmentServiceEcosystem

Marketvendorsand Yiwubuyers

Key exportdestinationsfor YiwuincludeAfrica,Russia, theMiddle East,and SoutheastAsia

Strengthen AIempowerment,leveragingAssist in obtainingthrough digitalmeansIncrease in ordersobtained.

Iteratively upgrade the Chinagoods platform,strengthen digital channels, digital marketing, anddigital fulfillment empowerment, deepen theinnovative application of AI technology in the digitaltrade field, vigorously promote AI productcollaboration and R&D, comprehensively enhancethe intelligence level and scenario adaptability of AIapplications, launch new AI application productsannually, with the AI product series cumulativelycovering over 200,000 users.Obtain secure, stable,and efficient cross-border logisticsservices.

Develop the digital supply chain platform ZhijieYuangang, accelerate the deployment of commercialinfrastructure of "two warehouses and one route" ofFBC, empower cross-border logistics across theentire chain and all segments, and have providedYiwu market with over 100,000 TEUs of higher-quality and more stable international logisticsservices.While ensuringsecurity,convenience, andspeed, it supportsmultiple paymentscenarios and lowersettlement costs.

Establish the "Yiwu Pay" financial service platform,launch the cross-border digital RMB applicationsystem, and build a "Yiwu Pay" settlement businesssystem integrating cross-border RMB, cross-borderforeign exchange, and cross-border digital RMB toprovide SMEs in the Yiwu market with morecompliant, secure, and efficient integrated paymentsolutions.

MarketSupportingServiceEcosystem

Yiwu local

Expand saleschannels throughexhibitions

Enhance the synergy between exhibition venues byattracting more merchants to visit exhibitions inYiwu, connecting with more trade entities, andexpanding procurement channels. Increase efforts toattract and secure more high-quality exhibitors tosettle in the Yiwu market.Enjoy higher-qualityservices on top ofmeeting functionalrequirements.

Dedicated to building the top-tier brand "YandooHotel & Resorts," the Company has launched fourbrand series: "Yandoo ? Jia," "Yandoo ? Hua,""Yandoo ? Ya," and "Yandoo ? Jing," helping theYandoo Hotel Management brand gradually becomea comprehensive hotel management company withsignificant brand influence in Zhejiang.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Quality Management System CertificationThe Company continues to improve its quality management system. By the end of the reporting period, Yiwu CCC,Fifth District Branch, Supply Chain Company, and CCC Exhibition have all obtained ISO9001: 2015 qualitymanagement system certification.

Yiwu CCC Quality Management System Certification

Fifth District Branch Quality Management System

CertificationStrategyRisk/Opportunity Type Risk/Opportunity Description

FinancialImpactDescription

ImpactCycle

Countermeasures

Risk

Market Risk

With the rise of cross-border e-commerce and furtherimprovement in supporting low-end manufacturing in SoutheastAsia, Yiwu's market share in low-end small commodities will bediverted.

Decline inoperatingrevenue

Short,medium, andlongterm

Build a new trade ecosystemcentered on a small commoditydigital trade platform, integratingcustoms clearance, foreignexchange, taxation, logistics, andwarehousing, blending online &offline, facilitating import-exportinteraction, connecting domestic& international markets, andachieving efficient coordinationof industrial chains, supplychains, and trade chains, anddevelop a new model of "physicalmarket + industrial clusters +cross-border e-commerce."Opportunity

Leading inTechnologyandMarket

Yiwu CCC drives industrialclusters through small businesses,becoming the core carrier of atrillion-yuan small commoditiestrade hub and the trade serviceprovider with the highestdigitalization, optimal businessenvironment, and strongest tradefulfillment capabilities in China.

Strongindustrycompetitiveness

Short,medium, andlongterm

Strengthening innovation-drivenstrategies, deepening digitaltransformation, and acceleratinginternationalization strategieswill become essential paths forthe transformation and upgradingof peer wholesale markets.Impact Cycle Definition: Short term: within 1 year; Medium term: 1-5 years; Long term: over 5 years.

Impact, Risk and Opportunity ManagementManagementProcess

Management MeasuresRiskIdentification

In accordance with quality risk management requirements, the Company established a risk

control system and formulated quality risk management policies. Quality management

departments regularly held operational analysis meetings, incident case studies, and

organized tests and inspections to enhance risk awareness, while identifying product and

service quality risks through research on industry policies and operational risks.Risk Assessment

During the risk assessment process, quality management departments collaborate with expert

teams to classify identified product and service quality risks using evaluation tools,

implementing tiered management and formulating corresponding response measures based

on the assessment results.Risk Response

The Company promotes corporate standardization, establishes a quality risk classification

control system and a quality feedback mechanism, strengthens inter-departmental

communication and information transparency, focuses on monitoring and preventing key risk

points, and makes timely improvements.Indicators and Objectives

Market Operations Business LineIn 2024, the Company conducted a satisfaction survey to understand customer satisfaction with its services and needsby distributing and collecting questionnaires. A total of 44,577 customers participated, with 44,577 valid responses,representing 96.15% of surveyed customers, and a satisfaction rate exceeding 95%. Additionally, the Company hasconducted multiple "Standards Enter the Market" vendor satisfaction surveys, involving 4,680 vendors across 7markets. The feedback resulted in a comprehensive satisfaction score of 96.14 points for the "Standards Enter theMarket" initiative.

Hotel Business LineIn 2024, Hotel Management Company conducted a banquetreception satisfaction survey, reaching out to customers via phonefollow-ups to assess service satisfaction and product feedbackacross its hotels. The hotels hosted a total of 1,890 events, with1,851 customers participating in the follow-ups and a 99.97%follow-up rate. There were 65 pieces of valid opinions andsuggestions, with 97.94% of customers participating in the follow-ups and a 96.08% satisfaction rate.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Improve Product Quality

Yiwu CCC implements the "Standards into the Market" work specification, promoting the refinement,standardization, and quality enhancement of small commodity quality through four major actions: "displayingstandards, benchmarking standards, upgrading standards, and promoting standards." The "Standards into the Market"initiative not only focuses on current product quality but also strives to drive continuous improvement in productquality. By enhancing standardization levels, promoting continuous quality improvement, strengthening marketcompetitiveness, and advancing industry norms and development, it establishes and refines a standard system,enabling market participants to clearly recognize the strengths and weaknesses of their products in terms of qualityand make targeted improvements and enhancements. Yiwu CCC enhances product standardization and qualitythrough the "Standards into the Market" initiative, actively promoting the accessibility of Yiwu CCC to ensure moreconsumers can easily access high-quality and affordable small commodities.

Case Conducting "Standards into the Market" Training for Staff

During the reporting period, to orderly advance the national-level service industry standardization pilot project anddeepen the "standards into the market" initiative, the Company conducted standardization trainings for all staff andperformed on-site post-training assessments to evaluate the outcomes.

Case Conducting "Standards into the Market" Training for Business Operators

During the reporting period, subsidiaries under the market operation business line conducted standardized theorypromotion, pilot programs, and training for merchants, along with completing online questionnaires.

Customer Service Management

Market Operations Business Line

The market customer service centers under CCC Group implement the "Market Customer Service Center ServiceStandards," adhering to the four service principles of "sincerity, consistency, appropriateness, and proactiveness"during customer service processes, with 100% customer satisfaction as the basic standard, providing high-quality andefficient services. The Company has established the "First Inquiry Responsibility System," stipulating that the firststaff member contacted by visiting merchants or buyers becomes the first inquiry responsible person. This personmust provide satisfactory responses to all inquiries or requests, regardless of whether they fall within their officialduties, acting as a "shop assistant" to enhance market service levels, improve work style, increase efficiency, ensureservice quality, and uphold the Company's image of "fairness, integrity, pragmatism, and efficiency."Additionally, the Company leverages advanced technologies like big data and cloud computing to build a digitalregulatory system, effectively curbing illegal activities such as commercial bribery and unfair competition, therebycreating a fairer and more transparent market environment for merchants. At the same time, through data analysisand early warning mechanisms, potential integrity risks within the Company are identified and resolved in a timelymanner, fostering a clean and upright atmosphere for the Company's development.

Case Chinagoods Platform

The Chinagoods platform uses digital technology to integrate offline business processes online, closely aligning withmodern trade fulfillment, making the transaction process more standardized and transparent, reducing opportunitiesfor human intervention, and improving regulatory effectiveness. Ensuring transaction transparency and fairnessthrough traceable and tamper-proof processes, while reducing fraud and improper transactions via identityverification and credit assessments of trading parties, thereby mitigating traditional trade risks like bribery and pricemisrepresentation.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Digital Platform Construction

The primary vehicle for the "Standards into the Market" national service industry pilot digital platform is the "WaveDrum" mini-program, which mainly includes basic functions such as merchant access, product review, standardinformation disclosure, search queries, and scan-to-view. To further standardize market products and optimize thebusiness environment, the Company plans to upgrade the pilot digital platform. Optimization efforts will addressidentified issues such as poor user experience, lack of platform functionality, and insufficient system stability andscalability, aiming to enhance user experience, improve functionality, boost system stability, maintainability, andscalability, and facilitate "Standards into the Market" interaction.Customer Complaint Management

In response to customer complaints, each market customer service center handles complaints in accordance with the"Market Customer Service Center Service Standards," with the process including:

Hotel Business Line

Hotel Management Company introduced the "More Care" service concept as the core service philosophy for its hotelbusiness and promoted it across its hotels, requiring them to implement "More Care" best practices after thoroughstudy and research of the concept. Through best practices, Hotel Management Company and its affiliated hotels willimplement the "Yandoo Ambassador" program, "Guest Care" program, " Eight Cuisines of Yandoo," "Online ServiceButler" model, "15 Guest Surprise Service Guidelines," "Three Major Communities," and "Yandoo Lifestyle Club."

"More Care" Service Model

Four Steps of the “More Care” Best Practice

Upon receiving custome

complaints, meticulouslydocument the details and

rp

romptly report to theresponsible person.

The responsible person inquires with theinvolved parties to understand the reasonsfor the customer complaint, preliminarilydetermines whether it is a valid complaint,forms a written investigation result, andreports it to the Company in a timely

pmanner

Communicate and provide feedback to customers promptly. After the complaintinvestigation is concluded, the investigation and handling results should be promptlycommunicated to the customer via phone, followed by effective communication withthe customer. Upon receiving a customer complaint, if a solution cannot be providedthe same day, the progress of the complaint handling should be promptlycommunicated to the customer, along with a promised timeframe for the next update.

Based on the complain

investigation, rectificationsuggestions are proposed to theresponsible personnel, and therectification status is

tp

romptlychecked to prevent simila

complaints from recurring.During the reporting period, the Company received 486customer complaints, with a resolution rate of 100%

Service Complaint

Registration

Timely communication &results feedback

Service Complaint

Investigation

Service Complaint

Handling

Roof Pillar

Corner

More Care

Culturaltempera

ment

People-Oriented

Soft

Unforgettable

Management system, operational

procedures, management tools,

professional service team...

Step I Step III

Building the Foundation of Best Practices:

System Construction, Process Optimization, Management

Tools, Team Building.Step II Step IV

Leveraging the strengths and features of each hotel to deliverpersonalized and innovative products and service scenarios.

Centered on "Elegance, Human-centric, Softness,

Unforgettable"Provide standardized products and services.

Create customized products, services, business offerings, and

activities with cultural depth and consumer experience.

(Basic Construction Phase)Lay the FoundationInnovativation

StandarizationCultural Endowment

(Refinement and Quality

Enhancement Phase)

(Standardization andSpecialization Phase)

(Branding and Marketization

Phase)

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Smart Hotel Management

The hotel utilizes the Green Cloud digital system to automate daily operational tasks such as reservation management,check-in, and cashiering, improving work efficiency. Additionally, the system provides intelligent customer serviceand self-service terminals, such as self-check-in, check-out, and WeChat unlocking, making customer stays moreconvenient. By improving operational efficiency, optimizing customer experience, and reducing operational costs, iteffectively drives hotels towards digital transformation, promotes sustainable development of hotels, and enhancesservice quality.Hotel Business Line Customer Complaint Management

Hotels utilize intelligent systems for customer complaint management, categorizing complaints into four types. Whencomplaints arise, each hotel can establish handling procedures based on the complaint level, ensuring timely internalcommunication, in-depth visits by duty managers, and post-departure follow-ups. Each hotel places great emphasison customer experience and feedback, collecting various data from customers during the service process in real time,including complaints, needs during stay, and post-stay reviews, helping hotels to more comprehensively understandcustomer needs and feedback during the service process, thereby specifically improving service quality and customersatisfaction.Additionally, Hotel Management Company formulated the "400 Customer Service Hotline Management System(Trial)" to standardize customer service call procedures. Upon receiving a complaint, customer service specialistsrecord key information such as the complainant's personal details, complaint content, and complaint time in the"Customer Complaint Handling/Follow-up Record Form" for subsequent processing and follow-up. Providecustomers with solutions within the stipulated time frame. After resolving complaints, conduct a follow-upsatisfaction survey with the complainant within 2 hours. During the reporting period, the hotel received 17 customercomplaints, achieving a 100% response rate and a 100% resolution rate.Trainings on Customer Complaint

Customer Service Training

To fully leverage internal and external training resources, the Group has gradually built and nurtured a team of CCCmentors since 2020 who understand business, products, and can teach. They focus on practical sharing and adopt acombined training-and-practice approach to empower Yiwu CCC in multiple dimensions. As of the end of thereporting period, the mentor team had 222 members, including 7 strategic advisors, 15 expert advisors, and 201practical mentors, with the latter comprising internal employee mentors, merchants, and external practical mentors.The mentor team conducted 205 empowerment training sessions with 12,525 participants, including 53 sessions ledby employee mentors (1,325 participants) and 152 sessions led by business owner mentors (11,200 participants).In 2024, the Group adopted a tiered training approach to launch a novice mentor incubation program and an internalmentor advanced training program.Amateur Mentor Incubation

In May 2024, the Novice Mentor Incubation Program was officially launched, open for registration to market vendorsand internal group employees. Through a systematic cultivation process including voluntary registration, strictscreening, intensive training, and practical guidance, 20 out of 42 participants emerged as amateur instructors,successfully developing personalized courses and achieving a remarkable transformation from amateurs toknowledge disseminators.

Advanced Trainings for Internal Mentors

In October 2024, the internal mentor advanced training program was launched, with a total of 46 internal mentorsparticipating in the training. After 2 days of intensive coursework, a week of online coaching, and practical exercises,20 outstanding mentors were selected for course certification, successfully producing 20 premium business courses.

Participation in specialtrainings on customer

com

laint

Number of specialtrainings on customer

com

laintDration of specialtrainings on customer

com

laint

Person-timesHours Times

Times

Number of customer

complaint response

Customer complaintresponse assessment

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Case Case Study: TTT Trainings for Internal Trainers in Hotel Business LineDuring the reporting period, to meet the strategic HR development needs of the hotel sector, the Companycomprehensively advanced its internal trainer team development. In collaboration with Zhejiang Province's "Trainthe Trainer" practical training program, Hotel Management Company arranged for staff from various project hotelsto participate in study sessions.

Empowering Merchants

Yiwu CCC empowers merchants through multiple dimensions to help them achieve high-quality development.StandardizationEmpowerment

Yiwu CCC establishes a comprehensive standard system through four major actions—"highlighting standards, benchmarking, upgrading standards, and promoting standards"—to help merchants clarify product standards and improve product quality.DigitalEmpowerment

Yiwu CCC provides merchants with e-commerce platform integration, digital operationtools, and smart logistics support to help them expand sales channels, optimize supplychains, and reduce operating costs.BrandEmpowerment

Yiwu CCC supports merchants in building their own brands by providing brand design,promotion, and certification services, while also organizing merchants to participate indomestic and international exhibitions to expand market influence.In addition, Yiwu CCC actively carries out training for merchants. During the reporting period, the CCC mentor teamconducted over 150 specialized training sessions, covering more than 10,000 merchants, effectively helping themimprove their management skills and market competitiveness.Market Operation SafetyThe Company is committed to creating a safe and stable market operating environment, providing reliable serviceguarantees for customers, and establishing a series of safety management standards for daily market operations toeliminate safety risks at the source and comprehensively enhance market safety management levels. Each subsidiarymarket unit of the Company has established a safety management department, regularly organizes safety assessmentsand inspections, and implements strict reward and penalty measures for relevant responsible units in accordance withthe "CCC Group Social Security Comprehensive Management and Work Safety (Fire Prevention) Assessment andReward/Penalty Measures," to further promote the continuous optimization and improvement of safety management.

Security Risk Management

The Company continuously strengthens the identification and rectification of safety hazards. Each market unitactively fulfills its primary responsibility, persistently addressing safety hazard inspections across market facilities,emergency responses, and other areas to prevent accidents and ensure stable and secure market operations. Marketunits implement emergency plans such as the "Fire Alarm and Fire Emergency Response Plan" and the "Flood,Typhoon, and Drought Emergency Response Plan," specifying emergency measures for market operations, fire safety,and extreme weather to ensure rapid response during incidents. During the reporting period, the Company'ssubordinate market units conducted a total of 65 emergency drills, effectively enhancing the emergency responsecapabilities of relevant personnel and ensuring market operation safety.Additionally, the Company regularly organizes safety awareness campaigns, training sessions, and emergency drillsfor employees and market vendors to enhance their emergency response and mutual aid capabilities.

Case On-site Consultation Day

Key subsidiaries such as markets and industrial parks organized "119 Fire Safety Awareness Day" activities,promoting safety through broadcasts, banners, exhibition boards, fire safety materials, on-site consultations, and otherforms. At the same time, efforts were made to actively promote laws and regulations on workplace safety, safetyknowledge, and self-rescue and mutual aid methods to market operators, merchants, and other groups. On the eventday, a total of 5,000 promotional materials were distributed, 10 centralized consultation points were set up, and 1,219person-times participated in consultations.

Case Fire Safety Knowledge Trainings

To effectively enhance the fire safety awareness and emergency response capabilities of employees, merchants, andtenant companies within the Group's jurisdiction, during Fire Safety Awareness Month, the Company invited expertsto conduct centralized fire safety training, reaching over 14,000 participants. The training covered fire prevention,firefighting, and fire escape and self-rescue, as well as aspects such as work safety laws and regulations, safe operatingprocedures, and emergency response knowledge. Through professional explanations and case studies, employees,business operators, and other groups are deeply made aware of the importance of fire safety, effectively enhancingtheir safety awareness and ability to respond to emergencies, laying a solid foundation for creating a safe and stableproduction and operation environment, and further promoting the in-depth development of the Group's fire safetywork.Management of Flammable and Explosive Goods

To effectively carry out market fire safety work and strengthen the inspection and supervision of shops dealing inflammable and explosive goods, the Company formulated the "Flammable and Explosive Goods BusinessManagement Measures" to prevent safety accidents and ensure the continuous safe, harmonious, and stabledevelopment of the market.Safety Management Measures

? Market administrators conduct daily safety inspections on shops dealing with flammable and explosive materials;

teams carry out weekly safety supervision no less than once; departments perform monthly random safety checksno less than twice.? The Security Department conducts monthly joint safety inspections of flammable and explosive materials withvarious company departments.? The Company conducts monthly safety inspections for flammable and explosive materials in collaborationwith local police stations, market supervision bureaus, and comprehensive management offices.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Information Security & Customer PrivacyProtectionDuring operations, Yiwu CCC retains a significant amount of supplier and customer privacy information when usingdigital platforms such as Chinagoods and Yiwu Pay. The Company strictly adheres to laws and regulations such asthe "Cybersecurity Law of the People's Republic of China," "Data Security Law of the People's Republic of China,"and "Personal Information Protection Law of the People's Republic of China," continuously strengtheninginformation security management and customer privacy protection systems, and is committed to handling authorizedinformation provided by employees, customers, consumers, suppliers, and partners with the highest legal and ethicalstandards. During the reporting period, the Company experienced no data security or customer privacy breachincidents.GovernanceThe Company established the "Network Information Security Management System" and "Data Security ManagementSystem" to standardize network information security management, ensure secure, orderly, and stable operation of theGroup's network information systems, strengthen the security management and standardized use of company data,and build a data security protection system to prevent incidents such as data leaks and theft. In addition, subsidiariesformulated regulations such as the "Supply Chain Company Network Information Security Management System"and the "Import/Export Supply Chain Company Digital Operations Department Work Management Regulations" tostrengthen the standardized management of data, platforms, and system user accounts and permissions, preventapplication and data risks, standardize and enhance the management of the digital operations department's computerrooms, and ensure the normal operation of servers, networks, and other equipment.The Company established a network and information security leadership team responsible for implementing higher-level network and information security deployments, enforcing relevant laws and regulations, improving the Group'snetwork and information security systems, ensuring secure system operations, coordinating emergency responses fornetwork and information security, cooperating with regulatory authorities in emergency handling, conductingnetwork and information security inspections, collecting, analyzing, and assessing security information, andorganizing network and information security awareness and training programs. The leading group has an office underit responsible for managing daily related affairs.StrategyRisk Type Risk Description

Financial ImpactDescription

ImpactCycle

Countermeasures

ComplianceRisk

Data and customer privacy breacheswill violate information security-related laws and regulations,regulatory requirements, andcustomer audit demands, facingnotifications, legal actions, orpenalties risk.

Increased operatingcosts

Short tomediumterm

Regular specialized audits and self-inspections are conducted to ensurecompliance with legal, regulatory, and useraudit requirements, while continuouslyoptimizing information securitymanagement rules and regulations.ReputationRisk

Public concern for data security andprivacy protection is increasing. Oncea data breach occurs, a company's

rand image will be severelydamaged.

Revenue decline

Short,medium,and longterm

Improve information security managementsystems to strongly prevent data breaches;establish emergency measures for timelyand effective handling in case of incidentsImpact Cycle Definition: Short term: within one year; Medium term: 1-5 years; Long term: over 5 years.

Impact, Risk and Opportunity Management

ManagementProcess

Management MeasuresRiskIdentification

The Company engaged professional institutions to conduct security testing on the Group's

network systems, covering the hotel cloud smart parking system, standard market access, CCC

Group booth management system, and sub-control systems, identifying existing network risks

through vulnerability scanning.

Risk Assessment

The Company regularly conducts information system risk assessments, identifies

vulnerabilities in the Group's network systems through security testing, receives

recommendations from professional agencies, and urges relevant departments with higher risk

levels to implement corrective actions.Risk Monitoring

The Company engages third-party professional institutions to assist in conducting daily

network security operation and maintenance inspections for the Group. The workflow consists

of: pre-discovery, real-time monitoring, post-incident handling, and report generation.

RiskManagement

In July 2024, the Company conducted the mid-year network information security inspection.

The inspection scope included each unit's portal websites, application platforms, mobile

applications, integrated office systems, LED displays, and network equipment rooms. Units

were required to focus on the "three highs and one weak" (high-risk vulnerabilities, high-risk

ports, high-risk external connections, weak passwords) network security checks, promptly

rectify any issues found, and follow up thoroughly to enhance the unit's network security

awareness.

In addition, the Company conducts cybersecurity operation and maintenance inspections for

information systems, compiling and analyzing reports on the normal status of security

equipment, server vulnerability scans, patch updates, and high-risk warnings to ensure the

secure and stable operation of information systems and support the normal conduct of business

operations.

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Indicators and ObjectivesIndicators Objective Achievement Status in 2024

Number of information security and privacy breach incidents 0 Achieved

Indicators Unit 2024Number of data security and customer privacy protectiontraining sessions conducted

Times 206Data security and customer privacy protection practices,training participation numbers

People 3,255Employee coverage rate for data security and customerprivacy protection practices and training

% 100Total Investment in Data Security

million

yuan

5.8820

Emergency ManagementIn accordance with relevant laws and regulations such as the "Computer Virus Prevention and Control Measures,""National Network and Information Security Incident Emergency Response Plan," "Cybersecurity Law of thePeople's Republic of China," and "Basic Requirements for Information System Security Level Protection," theCompany has formulated the "CCC Group Network and Information Security Emergency Response Plan" and the"Supply Chain Company Network Information Security Plan." Adhering to the principle of prevention first,combining prevention with emergency response, the Company has established a Network and Information SecurityEmergency Response Leadership Group to maximize the prevention of network and information security incidents,minimize their impact, and ensure information security.

Case

Forth District Branch Network InformationSecurity Emergency DrillIn May 2024, the Forth District Branch conducted an emergency drill for network information security. The actualdrill involved the discovery of a hacker intrusion into the computer host of the Company's LED display by itsmanagement personnel. Staff arrived at the computer control room within 2 minutes to cut off the power to the LEDdisplay and computer host, immediately reporting to the department manager, who then reported the situation to theCompany's general manager, deputy general manager in charge, and the office.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Responsible Supply Chain ManagementGovernance

The main subsidiaries involved in supply chain management within Yiwu CCC's business activities include HotelManagement Company, Supply Chain Company, Import and Export Company, etc. The Company emphasizes supplychain security management by strictly screening suppliers, enhancing product quality control, optimizing logisticsand warehousing, ensuring supply chain stability and reliability, reducing operational risks, and improving marketcompetitiveness.

Supply Chain Business Line

Yiwu CCC formulated the "Zhejiang China Commodities City Supply Chain Management Co., Ltd. Foreign TradeRegulations (Trial)" to standardize the selection and daily management of foreign trade core suppliers for SupplyChain Company, improve foreign trade product selection standards, refine procurement workflows, and strengthenthe Company's foreign trade procurement fulfillment service management. Suppliers of finished products, semi-finished products, and raw materials within the foreign trade business scope of Supply Chain Company include, butare not limited to, suppliers from Districts 1 to 5 of the International Trade City, Huangyuan Garment Market, andInternational Production Materials Market.Supply Chain Company, in accordance with the "Core Foreign Trade Supplier Management System," defines theselection and daily management of core foreign trade suppliers, adhering to the principles of balancing quality, cost,delivery, and service to establish long-term mutually beneficial supply-demand relationships.

Core Supplier Selection

? Core suppliers are developed through on-site visits, recommendations from purchasers, internet searches, peerintroductions, proactive inquiries and introductions by suppliers, and supplier media advertisements.? To be selected as a core supplier, basic information such as business qualifications, integrity status, and delivery

capabilities must be provided. After confirmation, information registration is completed. For core suppliers withlarge procurement volumes, on-site inspections are conducted based on actual needs.

Core Supplier Daily Management

? The Supply Chain Branch maintains daily records of core suppliers' performance and product arrivals, conducts

periodic statistical analysis of their delivery performance, uses the results as evaluation criteria, and providesfeedback to core suppliers to urge improvements. Strengthen daily communication and feedback with coresuppliers, and establish and maintain long-term strategic cooperative relationships between the supply chainsubsidiary and core suppliers.

Core Supplier Rating

? The Supply Chain Branch conducts annual evaluations of core suppliers to ensure that the quality of purchased

products, delivery times, after-sales services, etc., meet the specified requirements.? The evaluation scores are divided into four levels: Grade A core suppliers with 85 points or above are rated asexcellent and highly recommended for procurement; Grade B core suppliers between 70 (inclusive) and 85points are rated as good and generally recommended for procurement; Grade C core suppliers between 60(inclusive) and 70 points are rated as qualified, requiring appropriate procurement based on actual conditions;Grade D core suppliers below 60 points are rated as unqualified and disqualified from procurement.Core Supplier Elimination

? Grade D suppliers that fail to cooperate with rectification within one year of receiving the notice may have their

core supplier qualifications revoked; suppliers involved in issues such as rent arrears, illegal operations,

procurement bribes, or product quality problems will be subject to a one-vote veto, directly classified as Grade

D suppliers, and removed from the Company's core supplier list.

Hotel Business LineHotel Management Company formulated and implemented the "Supplier Management Measures (Trial)" tostandardize supplier development, assessment, exit, and communication. The supplier onboarding process for eachhotel includes multiple steps such as qualification reviews and sample evaluations, followed by signing a "SupplyCooperation Agreement" upon approval. For assessments, suppliers with long-term cooperation and annualprocurement exceeding 100,000 RMB are prioritized, while others are evaluated based on hotel needs. Suppliers aregraded into A, B, C, and D levels based on assessment results. Exit procedures are executed for suppliers with expiredcontracts not renewed, unresolved quality issues, scores below 60, or illegal activities. Hotel Management Companyimplements full lifecycle management of suppliers to ensure stable and efficient supply chains, providing customerswith high-quality products.StrategyRisk/OpportunityType

Risk/Opportunity Description

FinancialImpactDescription

ImpactCycle

Countermeasures

Risk

Supplychaindisruption

The international

olitical and economiclandscape is complex and volatile, withtrade protectionism leading to increasedtariffs and trade barriers, affecting theimport and export of goods; frequentexchange rate fluctuations increasecurrency exchange risks and impact profitmargins. Global supply chain instability,caused by emergencies such as pandemicsand natural disasters, leads to disruptions inraw material supply and logistics, affectingorder fulfillment.

Increased costs

Short,medium,and longterm

Strengthen market and policyresearch, adjust trade strategies in atimely manner, explore emergingmarkets, and use financialinstruments to lock in exchange ratesto reduce currency exchange losses.Optimize supply chain layout,establish emergency mechanisms,and enhance the ability to respond tounexpected events.Qualityrisk

For the hotel business line, insufficientsupplier stability may lead to deliverydelays, product quality issues, or customercomplaints, potentially resulting indisputes.

Increased costs

ShorttermSign long-term agreements withlocal high-quality suppliers,establish a backup supplier pool, andreduce risks of supply chaindisruptions and product qualityissues.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Risk/Opportunity Type Risk/Opportunity Description

FinancialImpactDescription

ImpactCycleCountermeasures

Opportunity

Policyopportunities

The "Overall Plan for DeepeningComprehensive International TradeReform in Yiwu City, Zhejiang Province"supports trade digitization and multi-format integration, providingopportunities to expand markets andinnovate trade models; the advancementof the "Belt and Road" initiative offersvast market potential in countries alongthe route, facilitating the expansion ofinternational markets and theestablishment of diversified supplychains.

Expanding

usiness layout,enhancingmarketcompetitiveness,and increasingrevenue

Mediumto longterm

Building on its smallcommodities digital tradeintegrated service

bp

latform, theCompany improves tradeefficiency through end-to-enddigital services and optimizescross-

pb

order logistics timelinesvia the China-Europe RailwayExpress and overseas warehousenetwork to capture market sharein countries along the routes.Impact Cycle Definition: Short term: within 1 year; Medium term: 1-5 years; Long term: over 5 years.Impact, Risk and Opportunity Management

The Company places high importance on supply chain risk management, committed to building a comprehensive anddetailed risk identification system to ensure the robustness and sustainability of the supply chain. To ensure supplychain security, prevent potential risks, and guarantee business continuity and compliance, the Company hasestablished supplier risk management policies, conducting risk assessments and responses for all supply chainsegments in business activities. The Supply Chain Company and Import and Export Company identify supply chainrisks in business operations and implement control procedures according to the "Commodity Trade Business Volume"in the "Internal Control Manual," while the Hotel Management Company does so according to the "Hotel OperationsVolume," ensuring supply chain security.

Indicators and ObjectivesKey Indicators Achievement StatusNo significant risks or impactful incidents occurred in the supplychain segment

Achieved

Objectives ProgressThe Company will implement sustainable development managementfor suppliers, promote sustainable development concepts, andestablish a risk management mechanism for supply chainsustainability.

Steadily advancingResponsible Purchage

All business lines involving procurement in Yiwu CCC's operations have established a scientific, standardized,efficient, and transparent procurement system.The Supply Chain Company implements procurement systems such as the "Supply Chain Company ProcurementManagement Measures (Trial)" and the "Product Selection, Procurement, and Pricing System of Zhejiang ChinaCommodities City Supply Chain Management Co., Ltd." to standardize procurement processes, strengthenprocurement supervision, improve the efficiency of procurement fund usage, and promote integrity in procurement.The Hotel Management Company formulated and implemented a series of procurement policies, including the"Detailed Rules on Procurement Material Classification and Authority Division for Zhejiang Yandoo HotelManagement Co., Ltd. (Issued Document)", "Notice on Establishing a Hotel Procurement Evaluation Expert Pool(Issued Document)", "Notice on Standardizing the Bidding Process for Procurement Projects", "Unified ProcurementManagement Measures of Zhejiang Yandoo Hotel Management Co., Ltd. (Trial)", "Unified ProcurementManagement Rules for Non-Food Materials of Zhejiang Yandoo Hotel Management Co., Ltd.", and "ProcurementSystem Control Standards Based on Centralized Procurement (Issued Document)". These policies clarifyprocurement authorities and responsibilities at all levels, ensuring the standardization and efficiency of procurementprocesses through measures such as establishing an expert pool, standardizing bidding procedures, implementingunified procurement management, and strengthening centralized procurement system controls.

Transparent Procurement

To uphold the principle of transparent procurement and strengthen the standardization and integrity of procurementprocesses, hotels sign the "Transparent Cooperation Agreement" with suppliers during procurement activities, whilethe Import and Export Company signs the "Integrity Agreement" with partners. Any form of under-the-tableoperations, benefit transfers, or unfair competition is strictly prohibited to ensure cooperation is based on honesty,fairness, and mutual benefit, jointly maintaining a sound business order and market environment. At the same time,the hotel requires procurement personnel to sign the "Procurement Personnel Integrity Pledge", strictly adhering tonational laws and regulations as well as the hotel's policies and rules during procurement tasks. They must firmlyresist any improper inducements such as bribes, kickbacks, or gifts from suppliers or other external factors,maintaining their integrity and professional ethics at all times. During the reporting period, the signing rates of the"Transparent Cooperation Agreement," "Integrity Agreement," and "Procurement Personnel Integrity Commitment"reached 100%.

Digital and Intelligent Empowerment

Yiwu CCC actively implements the "Overall Plan for Deepening Comprehensive International Trade Reform in YiwuCity, Zhejiang Province" (hereinafter referred to as the "Plan"), using the new round of comprehensive internationaltrade reform as momentum to adapt to the integrated development of trade digitization and multi-format operations.Relying on the construction of a comprehensive service platform for small commodity digital trade, itcomprehensively strengthens the digital transformation of all aspects of the trade supply chain, including transactions,logistics, payments, and financing.

Expanding Global Supply Network and Improving Logistics & Warehousing SystemYiwu CCC encourages business entities to deploy new commercial facilities such as independent websites and onlineservice platforms, integrating digital marketing, last-mile delivery, and after-sales services into overseas operationalnetworks. Integrate ocean freight service resources such as LCL consolidation and shipping bookings to develop"door-to-door" and "warehouse-to-warehouse" international dedicated lines. Leveraging its logistics, warehousing,and "Smart Port" platform capabilities, the Company has established a "two warehouses, one route" systemcomprising domestic warehouses, FBC warehouses, and international logistics routes to enhance SMEs' fulfillmentcapabilities in logistics and effectively reduce fulfillment costs. Through these measures, Yiwu CCC providessuppliers with a broader cooperation platform and enhances the stability of supply chain operations.

Optimizing Import Trade System and Accelerating Digital Transformation of Trade

Leveraging the Chinagoods small commodities digital trade integrated service platform, the Company focuses onintegrated innovation in digital fulfillment services across the entire market trade chain, systematically enhancing theone-stop trade service functions of "display and transaction + customs, foreign exchange, tax, logistics, warehousing,and financing," optimizing the digital intelligence-enabled ecosystem, improving the digital trade capabilities ofSMEs, and achieving the digital transformation of traditional foreign trade. The Company will continue to harnessthe power of data elements to drive the digital transformation and reshaping of small commodity trade across theentire chain, all scenarios, and all formats, constructing a path for the valuation of data assets in the digital economyera and forming new growth drivers for the commercial circulation industry. By 2026, the Company plans to promotethe internationalization of small commodities classification standards and enable data asset transactions, positioningthe "Yiwu-China Small Commodity Index" as a new hallmark of Yiwu Market to achieve data leadership in globalsmall commodities circulation.The Company will leverage its advantages as an international trade hub, fully utilizing both domestic andinternational markets and resources, to help build a world-class small commodities capital, contributing practicalexamples and experience to accelerating the establishment of a higher-level open economy and constructing a newdevelopment pattern.

Equal Treatment of SMEsYiwu CCC is committed to creating a fair, transparent, and win-win business environment, ensuring equalopportunities and resources for all partners. The Company supports the development of SMEs and micro-merchantsby optimizing supply chain management, reducing operational costs, and enabling merchants to benefit from logisticsdistribution and financial services, thereby stimulating market innovation. During the reporting period, the Companydid not experience any overdue accounts payable incidents, and neither the Company nor its subsidiaries engaged inany overdue payments to small and medium-sized enterprises.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Building a Higher-Level InternationalTrade GatewayEnhancing Import and Export TradeYiwu CCC competes in the new dual-circulation track of domestic and international markets, building a self-operatedtrade system rooted in the Yiwu market. Focusing on three core businesses of "large-scale import," "large-scaleforeign trade," and "new retail", it engages in import bulk purchasing, export procurement agency, cross-borderdistribution, and supply chain finance. It operates the new retail chain brand "ICMALL" Global Goods CollectionStores, providing end-to-end import-export trade services to help brand suppliers expand domestic and internationaldistribution networks.

Major ImportBusiness

Capitalizing on the new development paradigm where domestic and international circulationsreinforce each other, the Company integrates overseas procurement and domestic distributionto provide businesses with import trade services including centralized purchasing, customsclearance, foreign exchange, taxation, warehousing, and logistics. Currently, four majorbusiness centers have been established in North China, East China, Southeast China, andSouth China.Major ForeignTrade Business

In alignment with the Group's "Yiwu Market Project" strategy, leveraging domestic andinternational resource advantages, the Company has built a "Quality Foreign Trade Goods"ecosystem, offering one-stop foreign trade services to further promote Yiwu's smallcommodities in reaching global markets.

New RetailBusiness

Targeting the consumption demands of lower-tier markets, innovating through online-offlineintegration to create a new retail business model. Offline, we have established the "ICMALLGlobal Goods Collection Store," integrating "imported quality goods and trendy domesticproducts." Online, we rely on the "ICMALL" mini-program for private domain operations.

Building a Global Digital Trade CenterTo meet the needs of the new economy, new business formats, and new models, and guided by the demands of futuremarket entities, the Yiwu Municipal Party Committee and Government decided to construct the Global Digital TradeCenter project. The project is located in the core area of market trade, east of Chunfeng Avenue in the Fifth Districtof the International Trade City, covering a total area of 37.47 ha. with a construction area of 1.25 million squaremeters and an estimated investment of 8.3 billion yuan. The building consists of five major sections: market, officebuildings, commercial district, apartments, and a digital brain. The Global Digital Trade Center uses Chinagoods asa platform to connect resources, advancing the digitalization of merchants, products, and markets while optimizingintermediate service links such as supply chains and financial chains through digital means, resulting in higherefficiency, lower costs, and sustained prosperity in the Yiwu market.The Global Digital Trade Center commenced construction in November 2022, opened its project exhibition hall inNovember 2023, and plans to complete apartment deliveries in August 2025, trial operations in the market section inOctober 2025, operations of office buildings and commercial district in April 2026, and delivery of the super high-rise office building in August 2027. The completed Global Digital Trade Center will be a three-dimensionalecosystem for small commodity trade that integrates transaction fulfillment, links industries and cities, coordinatesnew and old markets, merges online and offline, and connects domestic and international markets. It is a future marketbenchmark that is fashionable, international, modern, digital, and low-carbon, and also the most vibrant new landmarkof Yiwu's commercial city—the business reception hall of the World Capital of Small Commodities, providing newand better space for new entities, industries, models, and formats.

Enabling Borderless Payments

Finance is a key business that runs through the entire trade process and smoothens the entire fulfillment chain. YiwuCCC is dedicated to building the Yiwu Pay platform, leveraging the advantages of integrating financial licenses suchas micro-loans, credit reporting, factoring, and third-party payments with market trade scenarios. It continuouslyexpands its core businesses including cross-border RMB, domestic payments, and digital RMB, while enhancing thecapability and level of digital intelligence in empowering market trade. Yiwu Pay assists over 900,000 market entitiesin Yiwu and 2.1 million upstream and downstream SMEs in achieving borderless payments.Yiwu Pay boasts an industry-leading risk control system, capable of real-time monitoring at every stage of thetransaction process, ensuring secure fund collection for market operators, and leveraging professional paymentsolutions to help Yiwu's vast number of foreign trade exporters excel amid global industrial restructuring andintensified trade competition. To date, no risky disputed funds or frozen account incidents have occurred in anytransactions, providing a solid financial infrastructure guarantee for businesses to expand overseas smoothly.

2024 Environmental, Social, and Governance Report

People-Oriented,to Build a Better SocietyTogetherWe consistently uphold the philosophy of "caring for employeegrowth and serving business entities," creating a diverse,inclusive, and dynamic workplace environment. We provideemployees with industry-competitive compensation an

enefits, establish a systematic and comprehensive trainingsystem, and strive to safeguard their physical and mental healthand safety, enabling employees and the Company to progressand grow together. While actively fulfilling our responsibilitiesto employees, we have never forgotten to give back to society,actively responding to national strategies, supporting ruralrevitalization, promoting local economic development, anddriving common prosperity. In addition, we actively participatein social welfare activities, conveying warmth and love through

ractical actions, and contributing to social harmony an

rogress.

Responseto

o Povert

Good Healthand Well-being

QualityEducation

Employee Rights Protection 96Employee Training andDevelopment

Occupational Health and Safety 117Rural Revitalization and SocialContribution

ReduceInequality

GenderEquality

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Employee Rights Protection

Recruitment and Employment

Yiwu CCC strictly complies with the "Labor Law of the People's Republic of China" (hereinafter referred to as the"Labor Law"), the "Labor Contract Law of the People's Republic of China" (hereinafter referred to as the "LaborContract Law"), the "Employment Promotion Law of the People's Republic of China" and other relevant laws andregulations, and formulates systems such as the "Employee Management Manual" to clarify the rights and obligationsof all employees. In 2024, the Company closely adhered to the talent-driven enterprise strategy, focusing oninnovation and breakthroughs in talent recruitment and service optimization, streamlining recruitment channels toattract diverse talents, providing solid support for the Group's high-quality development.

Employee Recruitment

Recruitment Channels

Unified RecruitmentChannels

? Online, we actively post recruitment announcements via the CCC Group WeChat

official account, with city media and third-party evaluation agencies' WeChataccounts forwarding the announcements. We also publish recruitment informationfor fresh graduates on university employment information websites.? Offline, we disseminate recruitment information through recruitment centers and

by participating in university job fairs.

Market-OrientedUtilization Channels

? Recruitment information is published online through platforms such as Liepin,Boss Zhipin, Zhejiang Talent Network, and Yiwu Talent Network.? Offline recruitment information is released through the recruitment center.

Recruitment Status

In 2024, the Group recruited a total of 78 new employees, including 70 through unified recruitment, 7 through market-oriented selection, and 1 targeted at veterans.Group UnifiedRecruitment

Conducted 2 unified recruitment sessions, offering 30 positions planned to recruit 80people, with 70 actually hired, achieving an 87.5% fulfillment rate.Market-OrientedRecruitment

Conducted 1 market-oriented selection, offering 11 positions planned to recruit 11people, with 7 actually hired.Recruitment for Veterans

Conducted 2 job selection sessions for veterans and military dependents, offering 2positions, with 1 actually hired.

Indicators Unit Achievement Status for 2024Number of new employees People 453Number of new employees bygender

Female People 217Male People 236Number of new employees byrecruitment channel

SocialRecruitment

People 450CampusRecruitment

People 3

Shanghai University of Finance andEconomics Campus Recruitment Fair

Zhejiang University of TechnologyCampus Recruitment Fair

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Employee Structure

Indicators Unit 2024Total Number of Employees People 3,255

By GenderGender Unit 2024Female People 1,371Male People 1,884

By Age GroupAge Unit 2024

Below 30 (30 excluded) People 84930-40 (including 30, excluding 40) People 1,34640-50 (including 40, excluding 50) People 80950 and above People 251

By Hierarchy

Level Unit 2024Senior management People 12Middle Management People 130Primary-level employees People 3,113

By Education LevelEducation Levl Unit 2024

Master People 114Bachelor People 1,645Junior college graduates and below People 1,496

By PositionJob Category Unit 2024Production People 1,280Sales People 135Technology People 1,299Finance People 140Administration People 401

Indicators Unit 2024Dispatched personnel People 157Number of ethnic minority employees People 44Number of employees with disabilities People 6Proportion of female managers % 21.83Employee turnover/attrition rate % 13.21

Diversity, Equity, and Inclusion

The Company strictly adheres to labor laws, upholding theprinciples of "openness, fairness, and justice," actively fosteringharmonious labor relations, creating an equal, legal, and compliantemployment environment, and protecting employees' legitimaterights. The Company firmly opposes all forms of discrimination,ensuring every employee enjoys equal rights and opportunities,unaffected by gender, race, religion, disability, or other factors.During the reporting period, the Company did not experience anylabor discrimination incidents.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendly

to Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Legal and Compliant Employment

Compliant Employment

During recruitment, the Company explicitly prohibits applicants with familial ties to the hiring unit's managementfrom applying for sensitive positions, implementing a recusal system. The recruitment process of all units issupervised by superiors and regulatory authorities throughout, ensuring fairness and transparency in recruitment andhiring, and providing a fair and equitable competitive platform for every job seeker. The Company signs laborcontracts with employees in accordance with the law, internship agreements with interns, and service contracts withhires beyond retirement age, clearly defining the rights and obligations of both parties.Prohibition of Child Labor

The Company complies with national and local laws and regulations prohibiting child labor, viewing the protectionof minors' legal rights as an unshirkable corporate responsibility. During the recruitment process, we conductcomprehensive background checks on candidates, including but not limited to identity verification, academiccredential validation, and employment history verification, to ensure all employees meet the legal working age andprevent the inadvertent hiring of child labor due to false information.Anti-Forced Labor

The Company is committed to creating a harmonious, inclusive, and human rights-respecting work environment,implementing all provisions of the Labor Law and the Labor Contract Law, prohibiting any form of forced orcompulsory labor, and ensuring that every employee participates in work voluntarily and on an equal basis.To fully protect employees' legal rest rights, the Company established the "Employee Leave ManagementRegulations," clarifying working hours and leave policies. The Company implements a five-day, eight-hour worksystem. Employees may have rotating days off or shifts based on their work content, or piecework, hourly, orcomprehensive working hour systems depending on the nature of the work and operational characteristics.During the reporting period, the number of illegal incidents such as child labor and forced labor was 0, and the

labor contract signing rate was 100%.Compensation and Benefits

Employee Compensation System

The Company adheres to the principle of "appointing people based on merit, ability, and performance," establishingand continuously improving a performance-oriented compensation distribution system that matches the Company'sdevelopment to ensure scientific and reasonable salary allocation. The Company formulated the "CCC GroupCompensation System" to further enhance the competitiveness of its compensation, motivate employees' enthusiasmand initiative, and promote sustainable development.Employee salaries at the Company consist of position skill wages, monthly performance bonuses, annual performancebonuses, allowances, overtime pay, and special awards.

Position SkillWage

The Company determines employee grades and compensation based on the principle of"salary follows position," evaluating each position comprehensively across four aspects:

responsibility, qualification requirements, labor intensity, and working environment.

MonthlyPerformanceBonus

Disbursed based on individual monthly performance evaluations.

AnnualPerformanceBonus

The total amount is determined by the Group according to the fulfillment method, anddistributed after the subsidiaries and holding companies finalize the allocation plan.Subsidies &Allowances

Refers to various subsidies set based on job requirements, position levels, and jobcharacteristics, including communication subsidies, night meal subsidies, educationallowances, professional title subsidies, etc., disbursed monthly.

Overtime Pay

Compensation received by employees for continuing to work beyond the prescribed workinghours as required by the Company.Special Award

Rewards are given to employees who have made special or outstanding contributions to theCompany.

CCC Group Compensation System: Applicable to contractual employees of the Group excluding seniormanagement, hotel branch companies, Yiwugou company, and Yiwu Pay company.

Employee BenefitsTo enhance employees' sense of belonging and team cohesion, and to attract and retain outstanding talents in theindustry, the Company provides generous benefits to its employees. The Company legally contributes to employees'pension insurance, medical insurance, unemployment insurance, maternity insurance, work injury insurance, housingprovident fund, and enterprise annuity. Employees are entitled to benefits such as meal subsidies, regular healthcheck-ups, heatstroke prevention allowances, staff recuperation, childcare fees, condolences forweddings/funerals/childbirth, hardship subsidies, accidental injury insurance, home visit travel expenses, and extra-budgetary retirement benefits. During the reporting period, social insurance coverage for employees reached 100%.

Performance Appraisal Management

The Company establishes and improves a comprehensive performance management system, strengthens theapplication of performance appraisal results, and forms standardized and effective incentive and restraint mechanismsto further enhance employee efficiency, motivation, and creativity.

Assessment Method

The Company implements performance evaluations for all employees, focusing on jobresponsibility fulfillment, work attitude, and work capabilities. During the reportingperiod, 100% of employees underwent regular performance and career developmentevaluations.Assessment Result

Assessment results are graded; a performance evaluation registration system isestablished for annual records; results are linked to promotions/demotions, bonusdistribution, and commendations.

Performance Feedbackand Complaint

If there are objections to the annual performance rating, employees may apply forreview and appeal to the HR department in accordance with relevant regulations.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Stock incentiveTo further motivate directors, mid-to-senior management, and core technical (business) employees in terms ofenthusiasm, responsibility, and mission, and to jointly focus on the Company's long-term development, the Companylaunched the "2020 Restricted Stock Incentive Plan" in October 2020, implementing an equity incentive plan tostimulate employee motivation and creativity. In 2024, the Company steadily advanced the equity incentive plan,achieving the conditions for the second and third release periods of the reserved portion of the 2020 Restricted StockIncentive Plan during the reporting period. In the future, the Company will continue to provide long-term incentivesfor employees, supporting the stable development and performance growth of the enterprise.

Democratic Management and Communication

Workers' Congress and Trade Union

Yiwu CCC continuously strengthens employees' sense of ownership, deepens their identification with and belongingto the Company culture, and builds a more harmonious and cohesive work community. In accordance with the "TradeUnion Law of the People's Republic of China" and "Regulations on Enterprise Democratic Management," theCompany has established a sound management mechanism for trade unions and employee congresses as a bridge topromote two-way communication, deepen cooperation, and achieve mutual benefits between employees and theenterprise. During the reporting period, the employee congress reviewed and approved 3 projects, the trade unionreviewed and approved 5 projects, and trade union members accounted for 93% of the employees of the Company.

Construction Status of Primary-level Trade Union Organizations

Number of union members 3,255Number of female union members 1,371Number of male union members 1,884

Trade Union Collective Wage Negotiation Meeting

Employee Communication and Interaction

Diversified Communication Channels

The Company facilitates smooth information exchange and communication channels among employees, encouragesequal dialogue between employees and across hierarchical levels, creates a favorable environment for employees toparticipate in democratic decision-making, management, and supervision, and safeguards employees' legitimaterights such as the right to know and the right to participate. The Company has established a comprehensiveinformation management system, enabling employees to communicate and exchange information through channelssuch as official account mailboxes, WeCom (enterprise WeChat), colleague forums, and the Company's internalwebsite.Complaints and Reasonable Suggestions

Employees may file complaints with the relevant parties or departments when their rights are violated or when theydiscover any behavior that violates company regulations. If the complainant disagrees with the resolution proposedby the respondent or the relevant department, the complaint will be escalated level by level. The Group DisciplineInspection Office is responsible for supervising and inspecting the handling and execution of complaints.The Company encourages employees to submit reasonable, with the Group Office responsible for collection andaccurate dissemination.

Group OA System: HTTP://OA.CCCGROUP.COM.CNGroup HR Information Management System:

HTTP://HRNEW.ONCCC.COMGroup Office Tel: 0579-85182800Group Discipline Inspection Office Tel: 0579-85182798Group HR Center Tel: 0579-85581281

Case CCC Employee Roundtable

The Company holds quarterly employee roundtable events for employee representatives at different levels andpositions to facilitate two-way communication between employees and group leadership, encouraging employees tocontribute suggestions for the Group's reform and development.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Labor Relations Management

Labor DisputeResolution

During the term of the labor contract, any labor disputes that arise may be appealed byemployees through prescribed procedures to their immediate supervisors or the HRdepartment, and the Company will handle them properly in accordance with relevantregulations.Resignation andTerminationManagement

Employees should submit their resignation applications 30 days in advance. If anemployee leaves without notice exceeding stipulated days, resigns without companyapproval, or is transferred to non-group entities, it will be deemed voluntary resignation.When terminating or dissolving labor contracts with employees, we strictly negotiate inaccordance with labor laws and regulations, and provide legal compensation as requiredby law where economic compensation is due.

Employee Satisfaction SurveyThe Company attaches great importance to and continuously monitors changes in employee satisfaction, regularlyconducting satisfaction surveys to deeply understand employees' genuine needs, assess the work environment andteam atmosphere, thereby implementing targeted measures to optimize HR management.

Primary-level Employee Satisfaction Survey

The Company conducted the 2024 CCC Group frontline employee satisfaction survey, covering multiple dimensionssuch as overall satisfaction, sense of achievement at work, recognition and respect, compensation and benefits, workenvironment, training and development, communication and teamwork, management and innovation, talentmechanisms and policies, corporate culture and future development. In this Primary-level employee satisfactionsurvey, 209 questionnaires were distributed, 205 were collected, all 205 were valid, and the overall satisfaction rateamong Primary-level employees was 90.05%.Hotel Business Line Employee Satisfaction Survey

Hotel Satisfaction Rate

Yiwu International Expo Center Hotel 95.46%Ocean Hotel 93.60%Yandoo Hotel 92.22%Yayue Hotel 90.72%CCC Hotel 88.89%

Activities and Care for Employees

Employee Activities

The Company consistently adheres to a people-oriented philosophy, establishing employee book corners, planningand organizing diverse team-building and recreational activities to enhance communication and collaboration amongemployees, enrich their leisure time, and create a harmonious and positive work atmosphere.

Green Vine Program

The 9th CCC SportsMeeting

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Care for EmployeesThe Company actively carries out employee care activities, offering warm wishes and gifts, visiting and assistingemployees in need, making them deeply feel the Company's warmth and care.

Indicators Unit 2024

Number of Employees in Need Assisted People 21Financial Assistance Amount for Employees in Need Yuan 63,000

Mid-AutumnFestival Event

Qingming Festival

Event

"Summer Heat Relief"Employee Care Activity

Support forEmployees in Need

Summer Camp for Employees'

Children

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Women's Rights ProtectionThe Company deeply cares for the physical and mental health of female employees, safeguards their legitimate rightsand interests, and is committed to creating an inclusive and supportive work atmosphere, enabling every femaleemployee to feel the Company's warmth and respect, and shine in their career paths. Female employees are entitledto special leaves including maternity leave, family planning leave, breastfeeding leave, and Women's Day exclusiveholiday benefits. During Women's Day, the Company organizes diverse activities for female employees to celebrateand show respect. During the reporting period, 49 employees took maternity leave with a 100% return-to-work rate,and 49 employees took parental leave with a 100% return-to-work rate.

Employee Training and Development

Talent Development Philosophy

Yiwu CCC adheres to a people-oriented philosophy, regarding human capital as the Company's most valuable asset.The Company continuously improves its training and evaluation systems, enhancing employees' professional skillsand qualities through the accumulation, dissemination, application, and innovation of knowledge, experience, andcapabilities. It provides career development planning for each employee to achieve mutual growth betweenemployees and the Company.Career Development PathThe Company has established and continuously improved a "dual-track, multi-sequence" job grade system,formulated relevant promotion management measures to consistently energize the workforce and foster mutualgrowth between employees and the Company.The Company adheres to the principle of appointing people based on merit, capability, and performance. Salaryadjustments and promotions are determined by evaluation results. The Company has formulated the "Subsidiary UnitsPrimary-level Management Personnel Selection and Appointment Management Measures" to strengthen themanagement of Primary-level management personnel selection and appointment in subsidiary units, promoting thestandardization and institutionalization of cadre team management.

Selection Criteria

When selecting and appointing frontline managers, the Company comprehensively evaluates both basic qualificationsand eligibility criteria:

BasicConditions

? Possess high political integrity and good moral character, adhere to basic professional norms,

uphold integrity, comply with laws and regulations, maintain self-discipline, and demonstrateorganizational and big-picture awareness.? Identify with the corporate culture and values of the Group company, willing to take onresponsibilities, career-driven, diligent and proactive in work, with good recognition amongcolleagues.? Possess certain organizational and leadership skills, as well as the necessary knowledge and

work experience for the corresponding hierarchical position.? Performance appraisal results are good or above.

QualificationConditions

? Eligibility criteria cover multiple aspects such as age, education, and work experience, with

differentiated specific standards set according to different position characteristics.

CCC Group "March 8" Women's

Day Event

CCC Group FemaleEmployee Care Activity

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Selection MethodThe selection methods for primary-level managers include competitive recruitment and direct selection.Competitive Recruitment

For newly promoted management positions, if the number of qualified candidatesexceeds the number of available positions, selection should be conducted through acompetitive process.Direct Selection

When effective competition cannot be formed due to reasons such as unit size orposition requirements, and suitable candidates are available, the unit leadership maydecide through research to proceed with a direct selection process.

Indicators Unit 2024Number of Employees Internally Transferred orApplying Internally

People 147Employee Internal Transfer or Internal ApplicationRatio

% 4.52Employee Training MeasuresTo support the Group's strategic transformation and rapid business development while strengthening talent support,CCC Group has established human resource brand IPs such as the "Hatch Program," "Five Eagles Program," "WingGrowth Plan," "Strong Feather Plan," and "Smart Share Platform." It has built a comprehensive career lifecycletraining system for employees, continuously driving high-quality development of the Group's human resources.

Indicators Unit 2024

Investments in Employee Training million yuan 2.5094Employee Training Coverage Rate % 100Training Sessions (Organized at Group Level) Times 148Total Number of Trainees (at the Group Level) People 3,255Total Participation Count in Trainings (at Group Level) Person-times 7,508Total Employee Training Hours Hours 149,730Average Annual Training Hours per Employee Hours 46

Construction of "CCC Cloud Classroom" Online Learning Platform

In 2024, CCC Group implemented full coverage of the "CCC Cloud Classroom" online learning platform tocomprehensively enhance the knowledge levels of employees at all levels, requiring all staff to complete 40 onlinelearning points annually.In 2024, the platform had 4,004 learners, offering a total of 562 courses, with employees accumulating 95,037.38hours of learning time, averaging approximately 24.85 hours per person. Group departments and subsidiaries releaseda total of 2,718 learning tasks via the online learning platform, achieving a training coverage rate of 98.4%, withcourses focusing on general management, personal development, efficiency management, and professional ethics.In addition to systematic courses, the CCC Cloud Classroom features an "Internal Courses" section, including "GroupStrategy Training," "New Business Modules," "Corporate Culture," "Internal Trainer Courses," and "Workplacesafety." At the same time, a special "New Employee Onboarding Training" module is established to help newemployees quickly understand and integrate into the Group, learning knowledge and skills through more channels.

Special Training Program

"Hatchl Program" New Employee Onboarding Training "Five Eagles Program" Management Position Competency

Qualification Series Training

1732

"Wing Growth Program" Series Training for NewlyPromoted Managers

"Strong Wings Program" Series Training for High-

erformingManagers

Training SessionsParticipation Count

1372

Full Career-Cycle Training System for Group Employees

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

"Hatch Program" New Employee

Onboarding Training

"Five Eagles Program" Pre-Appointment

Competency Training

"Strong Wings Program" Training forHigh-Performing Frontline Managers

"Wing Growth Program" Training for

Newl

Promoted Mana

ers

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Vocational Skills Training

During the reporting period, the Group actively conducted training programs such as "Action Learning 'FacilitationCoach' for Solving Business Challenges" and specialized HR training, comprehensively enhancing the professionalskills and overall competence of young cadres and HR personnel.

Leadership Training

To fully advance the "Yiwu Market's Renewed Glory," actively respond to new developments and challenges in theinternational trade economy, and further enhance the comprehensive management skills and leadership of the Group'smiddle and senior managers, the Group conducted three professional training sessions on "International EconomicTrends and Enterprise Management" in February-March 2024, with approximately 480 participants.

Skills CompetitionThe Group actively planned and hosted the "CCC Craftsman" skills competition for the property management andhotel business lines, providing employees a platform to showcase their talents and hone their skills. Through practicalcompetitions, it continuously taps potential, achieves self-transcendence, and elevates employees' professional skillsand service quality.

Action Learning Training

Specialized Training on HR Management

"International Economic Trends andEnterprise Management" Training

"CCC Craftsman" Skills Competition for

Property Management Business Line

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Support for Academic AdvancementTo enhance employees' educational levels and professional competence, the HR center actively promotes academicadvancement initiatives, selecting professional institutions to provide high-quality academic upgrading services anddisseminating registration information through internal company channels. In 2024, the Company's academicadvancement efforts achieved a 100% enrollment rate for high school to college programs and a 94.44% enrollmentrate for college to bachelor's programs. In the future, the Company will continue to deepen efforts in academicadvancement, expand high-quality educational resources, assist employees in achieving academic upgrades, and laya solid talent foundation for the Group's development.

University-Enterprise CooperationIn 2024, CCC Group's HR Center signed strategic cooperation agreements with universities such as ZhejiangUniversity, Zhejiang University of Technology, China Jiliang University, and Yiwu Industrial & Commercial College,pooling high-quality resources from enterprises and universities to continuously improve the top-level design andsystem construction of CCC Academy and expand the brand influence of China Commodities City Business School.

Occupational Health and SafetyHealth and Safety Management System

The Company adheres to the safety culture concept of "Safety First, Prevention Foremost" and upholds the safetypolicy of "Safety First, Prevention as Priority, Comprehensive Management." It strictly complies with laws andregulations such as the "Work Safety Law of the People's Republic of China" and the "Occupational DiseasePrevention and Control Law of the People's Republic of China," implements various workplace safety and fire safetymanagement systems outlined in the "CCC Group Comprehensive Governance, Fire Safety, and Work SafetyManual," and creates a safe working environment for employees.The Company continuously improves its workplace safety organizational system, establishing a Workplace safetyCommittee chaired by the Group's Party secretary and chairman, with other leadership team members as deputy chairs,and heads of group departments and subsidiary units as members. The Safety Committee has established a WorkplaceSafety Department, dedicated to supervising, guiding, and coordinating workplace safety work. Subsidiary units suchas markets, hotels, and parks under the Group have all set up safety management departments. In addition, the Groupincorporates workplace safety into operational performance management assessments, linking safety work withcorporate benefits, thereby encouraging all units to prioritize workplace safety. During the reporting period, SupplyChain Company obtained ISO45001:2018 Occupational Health and Safety Management System certification.

Workplace Safety Responsibility System

The Company implements an all-employee safety responsibility system, establishes a sound grid-based managementsystem, signs workplace safety responsibility agreements at all levels, and tightens and solidifies safetyresponsibilities. At the end of 2023, the Group formulated the "2024 Comprehensive Governance, Fire Safety,Counter-Terrorism, Petition, and Safety Responsibility Agreement," completing the signing of 458 safetyresponsibility agreements with various companies through tiered execution.Objectives and Plans

Achievement Status ofWorkplace SafetyObjectives for 2024

? Achieved, with no major or above workplace safety incidents occurring.

Workplace SafetyObjectives for 2025

? Persist in routine and specialized inspections to ensure comprehensive safety management of the

Group's construction projects. Conduct monthly routine safety inspections focusing on hazardousmajor projects and criteria for identifying significant accident risks, supplemented by specializedinspections aligned with holidays, seasonal characteristics, and regulatory requirements,effectively preventing and mitigating liability accidents to ensure the safety of the Group'sconstruction projects.? Lead the preparation for new project operations and strengthen security foundations. Provideoperational guidance for new projects such as the Cross-Border E-Commerce Logistics Park andGlobal Digital Trade Center, integrating relevant information into the Group's digital work safetyplatform to enhance overall safety management standards.? Fully ensure the safety of events and exhibitions, building a solid security barrier. Through

measures such as refining event plans, strengthening security teams, and conducting emergencydrills, provide solid support for the smooth hosting of large-scale events and exhibitions.Long-term Planning

? The Workplace Safety Department will continue to strengthen safety management, continuouslyimprove safety systems and emergency plans; enhance safety training and education foremployees, and elevate overall safety awareness and emergency response capabilities. Throughpersistent and long-term efforts, the Group ensures a consistently stable workplace safety situation,laying a solid foundation for sustainable development.

"CCC Craftsman" Skills Competitionfor Hotel Business Line

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Holding the Safety Line

Safety Hazard Investigation

CCC Group Leadership Conducted Safety Inspection Before Spring Festival

From January 29 to February 2, 2024, to implement pre-holiday safety measures and ensure sustained stability in firesafety, work safety, and security, the Group leadership conducted safety inspections at key subordinate units,achieving a 100% rectification rate for identified issues.CCC Group First Quarter Safety Inspection Assessment

The Workplace Safety Department, jointly with Market Operation Company and the Property Management Company,conducted Q1 safety inspections and assessments for key subordinate units, focusing on the implementation ofworkplace safety responsibilities, safety training for new employees, and management of firefighting facilities andequipment. The rectification rate for issues identified in this safety inspection reached 100%.CCC Group Pre-May Day Inspection

On April 15, 2024, the Work Safety Department organized inspections of key units ahead of May Day, focusing onfire safety, operational status of electrical equipment, special goods control, and on-site safety management. Therectification rate for issues identified in this safety inspection is 100%.

CCC Group Pre-National Day Safety Inspection for 2024

On September 11, 2024, the Workplace Safety Department organized fire control, engineering, and other relevantkey personnel to conduct pre-National Day safety inspections at subsidiary units, achieving a 100% rectification ratefor identified issues.CCC Group 2024 Year-End Safety Inspection and Assessment

In December 2024, the Workplace Safety Department conducted year-end safety inspection and assessment for allsubordinate units, comprehensively evaluating their safety management records, implementation of various directives,and night emergency drills. Regarding the issues identified in this inspection, all units are required to attach greatimportance, effectively strengthen the daily training of emergency personnel, and comprehensively enhanceemergency management capabilities.

Emergency Plan and DrillsCCC Group has formulated multiple emergency plans such as the "CCC Group Fire Alarm and Fire EmergencyResponse Plan" and "CCC Group Flood, Typhoon, and Drought Prevention Emergency Plan," clarifying emergencyresponse procedures, division of responsibilities, and rescue measures to ensure swift and orderly action inemergencies. Meanwhile, the Group actively conducts various emergency drills, enhancing employees' emergencyresponse capabilities and teamwork through simulated scenarios, providing solid support for the safe operation ofYiwu CCC.

Case Third District Branch Conducted Various Emergency Drills

In 2024, the Third District Branch of the International Trade City actively organized various emergency drillsincluding fire alarms, flood prevention, and e-bike spontaneous combustion, comprehensively enhancing theemergency response and rapid reaction capabilities of all staff.

Full-staff Fire Emergency Drill

Emergency Response and Evacuation

Drill for Basement Fire Alarms

Emergency Response and Evacuation

Drill for Vehicle Fires

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovation

to Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Digital Management of Work SafetyCCC Group relies on smart technologies such as smart fire protection, smart security, and digital platforms for safeproduction to build a robust security barrier, achieving comprehensive, real-time monitoring and alerts. Acrossmultiple business sectors including markets, parks, hotels, and logistics warehouses, the Company strictly implementssafety standards and strengthens risk management.

Occupational Health Management

The Company highly values employee health, strictly adheres to occupational health laws and regulations such as the"Occupational Disease Prevention and Control Law of the People's Republic of China" and the "WorkplaceOccupational Health Supervision and Management System," and provides employees with medical insurance, annualhealth checkups, and other safety measures to protect their physical well-being. The Company conducted the 2024annual health check-up, with participation exceeding 3,000 people (excluding mid-level and above personnel,headquarters employees, and holding company employees).

Promotion and Trainings on Safety

CCC Group attaches great importance to the construction of safety culture, actively fosters a strong safety atmosphere,regularly organizes activities such as "Workplace Safety Month" and "Fire Prevention Awareness Month," andgradually establishes a distinctive safety culture system, laying a solid safety foundation for the Company'ssustainable and stable development.

Indicators Unit 2024

Workplace Safety Investment Amount million yuan 20.6167Number of Safety Emergency Drills Times 65Hazard Rectification Rate % 100Annual Number of Workplace Safety Incidents Count 0Work-related Fatalities People 0Total Number of Work-Related Injuries People 0Lost Workdays due to Work-Related Injuries Working days 0Trainings on Safety Education Times 70Participation in Trainings on Safety Education Person-times 92,330Total Duration of Trainings on Safety Education Hours 70Coverage Ratio of Trainings on Safety Education % 100Coverage Rate of Safety Risk Protection Trainings % 100Certification Rate for Special Operations Personnel % 100Investment Amount in Work Injury Insurance million yuan 1.013Coverage Rate of Work Injury Insurance % 100Employee Health Inspection Coverage Rate % 100New Cases of Occupational Diseases Cases 0

Emergency Response Drill for Electric Bike

Spontaneous Combustion

Smart Fire Protection

Trainings and Promotion on

Workplace Safety

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Practicing Social Responsibility

CCC Group actively responds to national and local policy directions and strategic plans, leverages its strengths tocontribute more to rural revitalization and social welfare initiatives, actively participates in the "Belt and Road"construction, fully demonstrates the social responsibility and mission of state-owned enterprises, and contributes topromoting common prosperity and building a harmonious and beautiful society.Social ContributionSince its establishment, the Company has consistently practiced corporate social responsibility while achieving steadygrowth, dedicating itself to social welfare and charity, advocating the spirit of great love, and passing on the baton ofkindness. Making due contributions in areas such as poverty alleviation through education, respecting the elderly andcaring for the young, demonstrating love through actions, spreading warmth, and fostering hope.

Volunteer Activities

Case CCC Group Women Volunteers Conduct Legal Awareness Campaign

CCC Group actively responds to the call for national rule of law construction, organizing female volunteers to carryout legal awareness campaigns, further enhancing public legal awareness and promoting social harmony and stability.

Case Case Study: Hotel Management Company Party Branch Conducted Activities

for the 36th Patriotic Health Month

April 2024 marks the 36th National "Patriotic Health Month" in China. The Party Branch of Hotel ManagementCompany, in collaboration with the Party Branches of CCC Hotel, Xiashuidui Village, Yiwu Sanxitang, and YiwuDental Hospital, jointly carried out the "Healthy Town, Healthy Weight" themed activity.

Comforting Activities

Case "Welcome the New Year with Warmth" Comforting Activity

In January 2024, all Party members of Hotel Management Company visited the Association for the Elderly of DafanVillage in Dachen Town to carry out the "Welcoming the New Year with Warmth"comforting activity, bringingblessings and care to over 60 elderly people in Dafan Village.

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-oriented

to Build a Better Society Together

2024 Environmental, Social, and Governance Report

Case "Double Ninth Day Sparkles with Warm Autumn Colors, Deepening Our Care

for the Elderly " Comforting Activity

In October 2024, Hotel Management Company carried out the "Double Ninth Day Sparkles with Warm AutumnColors, Deepening Our Care for the Elderly " Party member activity, offering care and comfort to the elderlycommunity in Shentan Village, Chi'an Town.

Case Double Ninth Festival Conforting Activity

In October 2024, the Party Branch of the Fifth Branch of the International Trade Mart, together with the PartyBranches of the Yiwu Wenling Chamber of Commerce and the Zhejiang Pet Products Industry Association, visitedNanqingkou Village for a Double Ninth Festival conforting activity, offering care to the elderly and 65 families inthe village.

Charitable Donation

Case Charitable Donation

The Company is passionate about public welfare, actively fulfilling social responsibilities through charitabledonations, signing a "Donation Agreement" with the Yiwu Charity Federation to donate 200,000 yuan annually.

Case Delivering Books to Rural Areas

The Party Branch of the Fifth District Branch of the International Trade Mart supported the cultural development ofNanqingkou Village by donating approximately 150 books in a rural book donation initiative.

Humanistic Care

CCC Group Sets Up "Mom's WarmHeart Cabins" in Market Areas

? Compliance Governance

to Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Indicators Unit 2024

Participation in Volunteer Activities Person-times 8,760Number of Volunteer Activities Times 12Total Volunteer Activity Hours Hours 28,944Rural Revitalization

The Company thoroughly implements the major strategic decisions made by the 20th National Congress of theCommunist Party of China on comprehensively advancing rural revitalization and accelerating the construction of anagricultural powerhouse. It resolutely consolidates and expands the achievements in poverty alleviation, deepensvillage-enterprise cooperation, actively explores new models for rural revitalization, effectively promotes ruraleconomic development, and contributes to the comprehensive advancement of rural revitalization.

Case Village-Enterprise Co-construction—Dongzhu Village

The Fourth District Branch of the International Trade City actively collaborates with Dongzhu Village to deepen thecooperation mechanism, jointly advance the village-enterprise co-construction project, and support DongzhuVillage's rural revitalization efforts.

Case Village-Enterprise Co-construction – Shentan VillageThe Party Branch Committee of Hotel Management Company visited the co-constructed Shentan Village, Chi’anTown to discuss and exchange views with the village's "two committees" on aspects such as customer attraction,business model renewal, and information linkage for the Willow Shadow Restaurant, while also engaging inexchanges on "requirement alignment, information sharing, and joint activities." The Party branch of HotelManagement Company will continue to leverage the red resources of Shentan Village to promote the developmentof the village collective economy, improve the quality of life of villagers, and add new momentum to creating ahealthy, beautiful, and harmonious rural environment.

Case

Exploring the "Market + Rural" Path to Common Prosperity, Pioneering a NewModel for Rural Shared WealthTourism Company actively promotes the linkage between the 4A tourist shopping scenic area and Chian Town,achieving resource sharing and mutual empowerment, and exploring a "market + rural" model for common prosperity.In collaboration with Huaxia Guolv and Hengfeng Guolv, the Company plans to link "market + rural" tourism routesand study tour routes. Currently, a series of study tour products have been developed, contributing to the constructionof a common prosperity path with Yiwu CCC characteristics.

Construction of Barrier-free Facilities

in the Market Area of CCC Group

Visits to MarketMerchants

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Under “Belt and Road” Initiative, Yiwu Market ProjectYiwu CCC actively implements the "Eight-Eight Strategy," advances the "Sweet Potato Economy" capacityenhancement under the "No. 1 Openness Project," with a urgency sense of "cannot wait," a crisis awareness of "cannotdelay," and a responsibility of "cannot do nothing," deeply plans and steadily implements the Yiwu Market Project,promoting Yiwu Market to better serve and integrate into the national "Belt and Road" initiative and the new dual-circulation development strategy. The Company adheres to the concept of "unified name, unified logo, unifiedstandards, unified services, and unified supervision," and implements a brand globalization strategy including"overseas sub-markets, FBC warehouses, overseas websites, overseas exhibition halls, and overseas exhibitions,"forming a rationally distributed, competitive, and dynamic brand system to establish "China Commodities City" asan internationally renowned commercial brand.The launch of the "Yiwu-Xinjiang-Europe" Railway Express has opened a smoother channel for Yiwu to "buy globalproducts, sell products globally". Yiwu CCC leverages the China-Europe Railway Express to accelerate theconstruction of an overseas trade service system for the Yiwu market, extending its "vines" worldwide and enablingsmall commodities to reach broader markets.

Five Major Advantages of Yiwu Market Projects

Global BrandInfluence

Global SupplyChain System

Global-ReachingInternationalLogistics Network

Systematic AndEfficient DigitalSupport Capabilities

Professional and LeadingMarket Operation andManagement System

Yiwu Markect ProjectsOverseas SubmarketBrand ExportCooperation

Through two major output models—multi-party cooperation and franchisecooperation—overseas project developers, operators, and others are jointly involved inthe development and operation of overseas sub-markets, achieving brand expansion inoverseas markets.FBC WarehouseGlobal Delivery System

Adopting two cooperation models of self-owned joint ventures and brand franchising +system output, we aim to build a digital trade-driven overseas comprehensive publiclogistics infrastructure, providing enterprises that intend to go global with full-coverage, fully transparent cross-border logistics fulfillment services.Overseas WebsitesDigital Cargo Sharing

Collaborating with enterprises in target countries or Chinese companies going global,leveraging the advantages of the Yiwu market, integrating digital cargo manifests,uniting Yiwu trade entities and merchant resources to create the CG (Chinagoods)overseas website cluster model, and building an overseas media matrix to assist theYiwu market and merchant brands in going global.Overseas ExhibitionHallSupply Chain IntegrationServices

Leveraging the "One-Stop Good Goods" supply chain resources of the Yiwu Market,collaborating with local operational services to create an offline physical exhibition hallintegrating product display, trade fulfillment, and digital services, with a focus onadvancing the overseas distribution channels for Yiwu products.Overseas ExhibitionBrand Exhibition &Trade Platform

Organize overseas exhibitions of the China Yiwu International Commodities Fairlocally for product enterprises with suitable products for the sub-market countries andsurrounding regions. On one hand, testing the feasibility of products and enterprisesthrough exhibitions; on the other hand, leveraging the marketing and traffic-generatingfunctions of exhibitions to provide sustained momentum for the prosperity of overseasbranch markets.

Indicator IndexReport Directory

Global Reporting Initiative (GRI)Sustainability ReportingStandards

Shanghai Stock ExchangeListed Companies Self-Regulatory Guidelines No.14 - Sustainability Report(Trial)

Research on the Preparationof ESG Reports by ListedCompanies Controlled

yCentral State-OwnedEnterprises

ReportPreface

About This Report 2-1/2-2/2-3 / /Chairman's Message 2-11/2-22/2-23 / /

EnteringYiwuCCC

About Us 2-1/2-2/2-6 / /Performance Highlightsfor 2024

201-1 Article 19 /

ESGManagement

ESG Governance System 2-14/2-22 Article 51/Article 52 G1.1.1Response to SDGs / / /Communication withStakeholders

2-12/2-16/2-27/2-29/413-1 Article 53 /Identification of Key Issues3-1/3-2/3-3 / /ComplianceGovernance toBuild aCleanState-OwnedEnterprise

Adhering to theLeadership of the Party

/ / G1.1.4Governance System

2-9/2-10/2-11/2-12/2-13/2-16/2-

18/2-19/2-20/3-3

Article 51

G1.1.2/G1.1.3/G1.2.1/G1.2.2/G1.2.3/G1.3.1/G1.3.3/G

3.2.1

Compliance Management

2-23/2-24/2-25/2-26/2-27/33/207-

1/207-2

Article 53

G2.1.1/G2.1.2/G3.1.1/G3.1.2/G3.1.3/G3.2.2/G3.2.3/G

4.1.1/G4.1.2/G4.2.1/G5.1.1

/G5.1.2/S4.1.1Business Conduct 3-3/205-1/205-2/205-3/206-1

Article 54/Article55/Article 56

G2.2.1/G2.2.2/G2.3.2EnvironmentallyFriendlyto GuardOurHomeland

Addressing ClimateChange

3-3/201-2/305-1/305-2/3054/305-

Articles 21 to 28

E3.1.2/E3.1.3/E3.1.4/E3.1.

6/E3.2.1/E3.2.2/E3.4.1/E5.

1.1

? Compliance Governanceto Build a Clean State-Owned Enterprise

? Environmentally-friendlyto Guard Our Homeland

? Focused on Innovationto Provide Supervior Service

? People-orientedto Build a Better Society Together

2024 Environmental, Social, and Governance Report

Report Directory

Global Reporting Initiative (GRI)Sustainability ReportingStandards

Shanghai Stock ExchangeListed Companies Self-Regulatory Guidelines No.14 - Sustainability Report(Trial)

Research on thePreparation of ESG Reports

y Listed CompaniesControlled by CentralState-Owned EnterprisesEnvironmentallyFriendly toGuardOurHomeland

Resource Management

3-3/301-1/302-1/302-2/302-3/302-4/302-5/303-1/303-2/303-3/303-5

Article 35/Article 36

E1.1.1/E1.1.2/E1.1.3/E1.1.4/E1.3.1/E1.3.2/E1.3.3/E1.

3.4/E1.3.5/E5.2.1/E5.2.2/E

5.2.3/E5.3.1

EnvironmentalManagement

101-2/101-4/3-3/303-2/303-4/305-7/306-1/306-2/306-3/306-4/306-5

Articles 29 to 33/Article

E2.1.1/E2.1.2/E2.1.3/E2.1.4/E2.2.1/E2.3.1/E2.3.2/E2.

3.4/E4.1.1/E5.4.2/E5.4.3/E

5.4.4/E5.4.6/E5.5.1/E5.6.1/

E5.6.2Building a New EnergyTrading Market

/ / E5.4.5FocusedonInnovation toProvideSuperiorService

Innovation-Driven 3-3

Article 41/Article42/Article 43

S2.3.1/S2.3.2/S2.3.3/S2.3.

Product and Service Safety& Quality

3-3/416-1/416-2/417-1/417-

2/417-3

Article 47

S2.1.1/S2.1.2/S2.1.4/S2.2.1/S2.2.2Information Security &Customer PrivacyProtection

3-3/418-1 Article 48 S2.2.3Responsible Supply ChainManagement

3-3/308-1/308-2/414-1/414-2

Article 44/Article45/Article 46

S3.1.1/S3.2.1/S3.2.2/S3.2.

Building a Higher-LevelInternational TradeGateway

/ / /People-Oriented toBuild aBetterSocietyTogether

Employee Rights Protection

2-7/3-3/404-1/404-2/401-3/404-

3/405-1/406-1/408-1/409-1

Article 49/Article 50

S1.1.1/S1.1.2/S1.1.3/S1.2.1/S1.2.2/S1.2.3/S1.2.4/S1.

3.4/S1.5.1/S1.5.2/S1.5.3

Employee Training andDevelopment

3-3/404-1/404-2 Article 49/Article 50 S1.4.1/S1.4.2/S1.4.3Occupational Health andSafety

3-3/403-1/403-5/403-6/4037/403-

8/403-9/403-10

Article 49/Article 50 S1.3.1/S1.3.2/S1.3.3Practicing SocialResponsibility

3-3/203-1/203-2

Article 38/Article

39/Article 40

S4.3.1/S4.3.2/S4.3.3/S4.4.2/S4.4.3Indicator Index / / /Reader Feedback / / /

Reader Feedback

Thank you for taking the time to read the "Zhejiang China Commodities City Group Co., Ltd.’s 2024 Environmental, Social, andGovernance Report." We highly value and look forward to hearing your valuable opinions and suggestions on the Company's ESGefforts and sustainable development management. Your feedback is an important basis for our continuous improvement in ESG workand enhancing sustainable development management. We sincerely invite you to assist in completing the relevant questions in thereader feedback and provide your responses through the following channels. Once again, we appreciate your strong support for ourESG initiatives!Tel: 0579-85182812Fax: 0579-85197755Email: Hxu@cccgroup.com.cnAddress: CCC Group Building, 567 Yinhai Road, Yiwu, Zhejiang Province

Your relationship with Yiwu CCC:

□ Shareholders & Investors □ Government & Regulatory Agencies □ Clients □ Partners □ Employees □ Industry Associations &

Organizations □ Community, Public & Media □ Others(Please specify)

1. Your overall evaluation of this year's ESG report:

□ Excellent □ Good □ Average □ Poor □ Very Poor

2. Do you think the information disclosed in this report is accurate, clear, and complete?

□ Excellent □ Good □ Average □ Poor □ Very Poor

3. Do you find this report readable?

□ Excellent □ Good □ Average □ Poor □ Very Poor

4. Do you think this report comprehensively reflects the Company's significant impacts on the economy, society, and

environment?

□ Excellent □ Good □ Average □ Poor □ Very Poor

5. Your evaluation of the logical thinking, structural arrangement, and layout design of this report?

□ Excellent □ Good □ Average □ Poor □ Very Poor

6. Which topics in this year's ESG report attracted your most attention?

7. What other information would you like to obtain from the report?

8. Your opinions on our ESG report or ESG work and sustainability management: