Environmental, Social and

Governance ReportNingbo Zhoushan Port Company Limited

2023

Stock Abbreviation：Ningbo PortStock Code：601018

NINGBO ZHOUSHAN PORT COMPANY LIMITEDContact Address: Global Shipping Plaza, No.269 Ningdong Road,Yinzhou District, Ningbo City, Zhejiang ProvincePostal Code: 315042Tel: 0574－27686151Fax: 0574－27687001URL: http://www.nbport.com.cnE-mail: ird@nbport.com.cn

Contents

Preface to the reportAbout this ReportInterpretation of the ReportBoard StatementChairman’s MessageAbout Us

GovernanceChapter

SocialChapter

FutureChapter

EnvironmentalChapter

ServiceChapter

Party Building and Party LeadershipCorporate GovernanceESG GovernanceInvestor Relations ManagementInformation DisclosureRisk ControlIntellectual Property RightsSafety ManagementIntegrity BuildingBusiness EthicsSupplier Management

Supporting the "Belt and Road" InitiativeAccelerating Openness and DevelopmentPromoting Regional Economic DevelopmentPromoting Rural RevitalizationEmbracing Corporate Social ResponsibilityMoving Forward Together with Employees

The 14th Five-year Plan for DevelopmentESG Development Planning2024 Energy Conservation and EmissionReduction Plan

Environmental ProtectionEnergy Conservation, Emission Reduction,and "Dual Carbon" GoalsSmart Low Carbon

Service QualityService E?ciencyCustomer ServiceSmart Port

AppendixAnnual ESG Performance DataReporting Standards IndexLaws and RegulationsComments and Feedback

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

About this Report

Introduction

This is the ?rst Environmental, Social and Governance Report ("ESG Report") issued by NingboZhoushan Port Co., Ltd., after the Company had issued Social Responsibility Reports ("CSRReport") for 13 consecutive years. This year, the Company upgraded the CSR system to an ESGsystem and benchmarked against domestic and international standards for the preparation ofESG reports, and prepared the ?rst ESG report in accordance with the principles of truthful-ness, completeness, accuracy and reliability, disclosing the Company's ongoing achievementsin actively addressing the opportunities and challenges of sustainable development andintegrating ESG development into the Company's operation and management.

Sources ofInformation

The data is derived from relevant statistical data of Ningbo Zhoushan Port Co., Ltd.. Unlessotherwise stated, the currency units referred to in this report are "RMB".Con?rmationand Approval

This report was considered and approved by the Board of Directors of the Company on 26March, 2024.DistributionChannel

This report can be downloaded from the website of Shanghai Stock Exchange(www.sse.com.cn) or the Company's o?cial website (www.nbport.com.cn).

ReportFeedback andContacts

Contact address: Global Shipping Plaza, No.269 Ningdong Road, Yinzhou District, NingboCity, Zhejiang ProvincePostal code: 315042E-mail: ird@nbport.com.cnTel: 0574－27686151Fax: 0574－27687001

ReportingBoundary

Ningbo Zhoushan Port Co., Ltd. and its subsidiaries within the scope of consolidated ?nan-cial statements.

ReferencesThe Report has been prepared with primary reference to the following standards:

United Nations Sustainable Development Goals (SDGs)Global Reporting Initiative: Sustainability Reporting Standards (GRI Standards)State-owned Assets Supervision and Administration Commission: Reference Index Systemfor ESG Special Reports of Listed Companies Controlled by Central EnterprisesInternational Organization for Standardization: Guidelines for Social Responsibility（ISO26000:2010）Standardization Administration of China: Guidance on Social Responsibility Reporting(GB/T 36001-2015)Chinese Academy of Social Sciences: China Corporate Social Responsibility ReportingGuidelines (CASS-ESG 5.0)Self-regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 1-Standardized OperationSelf-regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 2-Management of Information Disclosure Matters, etc.

ReportingPeriod

January 1, 2023 to December 31, 2023, with portions retroactive to prior years.

ReportingCycle

This report is an annual report.

Interpretation of the report

Interpretation ContentInterpretation Items

Ningbo Zhoushan Port Group Co., Ltd.Zhejiang Provincial Seaport Investment & Operation Group Co.， Ltd.China Merchants Port Group Co., Ltd.Shanghai International Port (Group) Co., Ltd.China Securities Regulatory CommissionShanghai Stock ExchangeState-owned Assets Supervision and Administration Commission of Zhejiang Provincial People's GovernmentState owned Assets Supervision and Administration Commission of Ningbo Municipal People's GovernmentWorld-class ports, world-class enterprisesNingbo Ocean Shipping Co., Ltd.Zhejiang Toumen Port A?airs Co., Ltd.Ningbo Beilun No.1 Container Terminal Co., Ltd.Ningbo Zhoushan Port Co., Ltd. Beilun No.2 Container Terminal BranchNingbo Beilun No.3 Container Terminal Co., Ltd.Ningbo Zhoushan Port Co., Ltd. Beilun Ore Terminal BranchZhoushan Shulanghu Terminal Co., Ltd.Taicang Wugang Port Co., Ltd.Ningbo Oil Port Barge Co., Ltd.Ningbo Zhenhai Port Co., Ltd.

Ningbo Zhoushan Port Co., Ltd.

Ningbo Port Railway Co., Ltd.

the Company, Our Company,Ningbo Port, UsNingbo Zhoushan Port GroupZhejiang Seaport GroupCMPortSIPGCSRCSSESASAC of Zhejiang ProvinceSASAC of Ningbo CityDual First ClassNingbo OceanToumen Port A?airsBeilun First Container TerminalBeilun Third Container TerminalBeilun Ore Terminal BranchShulanghu CompanyTaicang WugangNingbo Oil Port BargeNingbo Zhenhai PortNingbo Port Railway

Beilun Second ContainerTerminal Branch

Interpretation ContentInterpretation ItemsWenzhou Port GroupJiaxing PortYongzhou CompanyMeidong CompanyInternational LogisticsYiwu Port CompanyZhoushan Port CompanyYigangtong CompanyTaicang WanfangPort areaDockBerthTEUThroughputCarveoutThe Sixth Port Area

Wenzhou Port Group Co., Ltd.

Zhejiang Seaport Jiaxing Port Co., Ltd.

Zhoushan Yongzhou Container Terminal Co., Ltd.

Ningbo Meidong Container Terminal Co., Ltd.

Ningbo Port International Logistics Co., Ltd.

Zhejiang Yiwu Port Co., Ltd .

Ningbo Zhoushan Port Zhoushan Port CO., Ltd.

Zhejiang Yigangtong E-commerce Co., Ltd.

Taicang Wanfang International Terminal Co., Ltd.

A port area composed of docks and their supporting facilities

Hydraulic facilities for docking vessels, loading and unloading cargo, and boarding and disembarking passengers

with in the port area

Fixed positions for docking ships and loading and unloading cargo at port terminals

The Chinese translation and abbreviation for Twenty foot Equivalent Unit is an international unit of measurement

based on a container measuring 20 feet in length, 8 feet in width, and 8.5 feet in height.

The quantity of goods transported by water into and out of the port area within a certain period of time and loaded

and unloaded by port enterprises

The subsidiary of the Company, Ningbo Ocean Shipping Co., LTD, was listed on the main board of the Shanghai

Stock Exchange after its spin o?.

Second carrier agreement or public barge agreement

It refers to "Yiwu Port", which is an inland port area with port functions such as container return, booking and port

supervision after the ?ve container port areas of Beilun, Chuanshan, Meishan, Daxie and Jintang in Ningbo Port.

It refers to a system that provides power from the shore to the side of the ship during the docking period at the port.

Shore power mainly ensures that after the ship docks, it still needs electricity for production and living on board,

as well as electricity for continuous operation of auxiliary equipment.Shore powerCCA

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Ningbo Port highly recognizes the global ESG and sustainable development trend.Focusing on the goal of "Dual First-class " construction, the Company earnestlyimplements the new development concept of "Innovation, Coordination, Green-ness, Openness and Sharing" and explores the path of ESG development in theculture of "Strong Port " and deeply integrates the ESG concept into operation andmanagement. We also promoted the completion of the establishment of the ESGorganizational structure and the formulation of the ESG development plan andthe "Dual Carbon" development plan.The Board of Directors of the Company is the highest entity responsible for ESGissues and the highest decision-making level of ESG initiatives, and is fully responsi-ble for the planning and deployment of the Company's ESG development strategy,the formulation of the Company's ESG policies, and the supervision and evalua-tion of the progress of the Company's ESG targets, practice progress, performanceand other related matters.

Focusing on the ESG development goal of "Becoming a world-class esg bench-mark and demonstration enterprise", the Company has formulated ESG assess-ment indicators covering low-carbon transformation, emission compliance, safeoperation, e?cient governance, service quality, intelligent development andother aspects, taking into account the Company's current situation, industrytrends and stakeholders' demands, and has made every e?ort to promote the real-ization of the Company's ESG development goals.

Board Statement

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Thousands of sails are racing, and hundreds of boats arecompeting. In the process of comprehensively implementingthe spirit of the 20th National Congress of the CommunistParty of China, under the guidance of accelerating thepromotion of the circular economy and the "Dual Carbon"strategy in China, and in the wave of low-carbon anddigital development of the global port shipping industry,Ningbo Zhoushan Port Co., Ltd. has earnestly implement-ed the spirit of General Secretary Xi Jinping's importantspeech during his visit to Zhejiang Province and NingboPort. Focusing on the construction of a world-class strongport and a world-class demonstration enterprise, we willbuild the world's vital port and shipping logistics hub, theworld's important bulk commodity storage and transportationbase, and the world's important maritime characteristicshipping service center around the "Three Major TargetPositions" of "Five First-Class Strong Ports" such as navigability,throughput capacity, storage and transportation capacity,connectivity capacity, and intelligent governance capacity.We will write a new chapter in the ?eld of environment,society, and governance (ESG) and continue to contributeto the construction of a maritime power in China.

We regard ESG as a signi?cant support for the Company to move towards "Dual First-class", and comprehensively buildan ESG management system on the basis of the existing social responsibility system, promoting in-depth integration ofESG management with Company's operation and management. We have deepened ESG development from multipleaspects such as ESG strategic top-level design, ESG management structure and mechanism construction, ESG riskmanagement, and ESG work implementation, and achieved certain results. The Ningbo Port we operate has ranked?rst in global port cargo throughput for 15 consecutive years, and third in container throughput for six consecutiveyears, becoming a "Hardcore" force serving global customers, serving the "Belt and Road" initiative, and nationalstrategies such as the construction of the Yangtze River Economic Belt and the integrated development of the YangtzeRiver Delta.

We have taken the lead in grasping the trend of global low-carbon development, guided by the national carbon peakand carbon neutrality strategy. Adhering to the development principle of "Ecological Priority, Green and Low-Carbon",we have established a scienti?c and comprehensive environmental management system, building a green portbenchmark. By the end of 2023, we have a total of ?ve a?liated port enterprises that have obtained the national four-star green port, and e?ectively reduced greenhouse gas emissions through the construction of clean energy systemssuch as shore power.We continue to enhance the "5G+ Informatization" capabilities of the port and accelerate the demonstration construction of"2+1" intelligent terminals. Amid the global digital transformation, we have always used innovation as an engine,achieved accelerated construction of "Smart Ports", improved multiple digital intelligent platforms and intelligentsystems, optimized service capabilities with ?rst-class facilities and technologies, and consolidated safe operationcapabilities. We have won the "Special Award" of the China Ports & Harbours Association Science and TechnologyAward in 2023 and the four-star smart port.We have always adhered to the philosophy and commitment of "business for Good". Internally, we adhere to people-orient-ed principles, care for the health, safety, and growth of our employees, and build a development platform that createsand shares value with them. Externally, we continue to expand our network of friends, deepen cooperation with largedomestic and foreign port and shipping enterprises, jointly promote the construction of world-class ports, and seizenew opportunities for industry development with domestic and foreign partners and customers. Based on servingnational strategies, we actively promote regional economic development and ful?ll our public welfare responsibilities.Looking ahead, we will consistently uphold the banner of high-quality development. Guided by the objectives of building a"Double First-class" entity and serving the "Dual Circulation" strategy, we will remain steadfast in our foundingmission to "Build a World-Class Port and Create Exemplary Value". We will closely align our e?orts with the nationalstrategic initiatives, implement the new development concepts, and vigorously advance on this new journey, strivingto generate greater value for our shareholders, customers, employees, partners, society, and the nation.

Chairman’s Message

Ningbo Zhoushan Port Co., Ltd.

Chengbo TaoChairman

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Corporate Culture

One team: We are committed to building a dynamic and capable excellent team. By uniting "Five Ports as

One," we forms a cohesive and aligned force, functioning like ?ngers clenched into a ?st. Thisunity not only serves as the backbone of our vibrant and ascending enterprise but also acts asthe driving force behind our focused and centralized development.

Focusing on enhancing our core port operations, we are committed to innovative development, creatingadvantages in talent, service, systems, and management. We are strategically advancing the constructionof "Four First-Class" standards, dedicated to becoming a leading global integrated logistics service providerwith ports at the core.

Buildinga ?rst-classstrong port:

We consistently adhere to the new development concepts, accelerating the construction of aninternational ?rst-class strong port and developing a world-class port cluster, aiming to swiftlyachieve the objectives of "Four First-Class" standards and the "Strong Port Dream".

One culture: We are dedicated to cultivating a robust port culture characterized by mutual support and

solidarity. Rooted in our common heritage, we uphold the Zhejiang spirit of practical engagement,leading innovation, and pioneering excellence. By fostering a culture where service createsvalue and perseverance ful?lls dreams, we not only perpetuate and innovate upon our corporatecultural genes but also fuel our drive to strengthen and enhance our enterprise.

One dream: We are committed to realizing the dream of an exceptional strong port. Keeping our original

mission in mind, we stride towards building an international ?rst-class strong port and creating aworld-class port cluster. This vision is not only a collective aspiration of all our employees butalso an inexhaustible driving force for the sustainable development of our enterprise.

The "Three Ones" Cultural Objectives

Cultural Theme: "Strong Port" Culture

Corporate Mission: To Build a First-Class Strong Port and Create Good Values

Corporate Vision: To Become a Leading Global Integrated Logistics Service

Provider with Ports As the Core

Core Value: Service Creates Value, Struggle Achieves Dreams

Looking back at the history, we have worked hard and overcome di?culties, progressing from inland riversto estuaries and from estuaries to the ocean, thereby estabilishing a vibrant source of developmentalmomentum. The dream of a strong port is the common wish of generations of port people. Looking to thefuture, we are determined and committed to excellence, shouldering the sacred mission of building aninternational ?rst-class strong port. The culture of "Strong Port" is the driving spiritual force behind ourenterprise's sustainable development.We will follow the "Three-Step" strategic vision, accelerating the creation of an internationally renowned?rst-class strong port and a world-class port cluster, to ful?ll our collective "Strong Port Dream".

Love for the Port and Dedication to Duty embody a spirit of courageous responsibility, characterized byloyalty to the enterprise and treating the port as one's own home. This spirit of dedicated service is pivotalin establishing a new image in the modern era.

Service Creates Value

Service is the cornerstone of enterprise development.We advocate maximizing the value for all stakeholdersthrough service, winning customers, leading themarket and rewarding the society with high-qualityand e?cient service.

Struggle to Achieve Dreams

Dreams are forged through e?ort. We champion theprinciple that hard work pays o?, prioritizing e?ciencywhile considering fairness. Through persistent endeavor,we aim to realize dreams, reap happiness, and secure apromising future.

Corporate Spirit: Love for The Port, Dedication to Duty,

Relentless Perseverance, and Pursuit of Excellence

Relentless Perseverance represents a spirit of proactive and enterprising initiative. It involves facingchallenges head-on, daring to take responsibility, and being determined to advance, showcasing newachievements in the modern era.The Pursuit of Excellence is a spirit of innovation that transcends oneself. It involves relentless e?ort,striving for top-tier performance, and leading the forefront, creating new accomplishments in the modern era.

We are committed to maintaining ?rst-class service, dedicated to creating the greatest valuefor our customers, employees, partners, society, and the nation.

Creatinggoodvalue:

Main Honors of the Year

Award

AwardWinning Units

OrganiserAward

AwardWinning Units

Organiser

China Association of Transportation

Enterprise Management

China Association forPublic CompaniesChina Association forPublic CompaniesChina Association for

Public CompaniesThe People's Government ofZhejiang ProvinceThe People's Government ofNingbo MunicipalityNingbo Enterprise Federation,Entrepreneur Association, andFederation of Industrial EconomicsNew Wealth MagazineSecurities TimesDirectors & Boards MagazineThe Second ChiefCompliance O?cer Forum

Excellent Unit in National TransportationEnterprise Culture Construction2023 Best Practice Creation Activity forthe Board of Directors of Listed CompaniesBest Practices for the 2022 Annual ReportPerformance Brie?ng of Listed Companies100 Best Practice Cases of Chinese ListedCompanies in the Ten Years of Jointly Building

the "the Belt and Road"Zhejiang Province Intellectual PropertyAward · Trademark Award Second Prize2022 Ningbo Listed Companies Leadingthe Way in High Quality DevelopmentTop 100 Comprehensive Enterprises

in Ningbo City in 2023 (25th)The 5th New Wealth Best Listed CompanyTianma Award for Investor Relations ofChinese Listed Companies"Golden Roundtable Award"

- Best Board of DirectorsISO37301 Achievement Award

Ningbo PortNingbo PortNingbo PortNingbo Port

Ningbo PortNingbo PortNingbo Port

Ningbo PortNingbo PortNingbo PortNingbo Port

Best Service ProviderFirst Prize for Quality in AsiaExcellent Innovation Workshop for

Transportation EnterprisesSpecial Prize of 2023 China Port AssociationScience and Technology Progress AwardFirst Prize of 2023 China Port AssociationScience and Technology Progress AwardSecond Prize of 2023 China Port AssociationScience and Technology AwardThird Prize of 2023 China Port AssociationScience and Technology Progress Award

Four-star Green PortFour-star Smart Port2020-2023 Provincial Nautical SocietyScience and Technology Award

Zhejiang Listed Companies" Top 30 Internal Control"

Zhejiang UniversityCITIC Paci?c SpecialSteel Group Co., Ltd.Asian Quality Function Deploymentand Innovation CommitteeChina Association of CommunicationEnterprise ManagementChina Port AssociationChina Port AssociationChina Port AssociationChina Port AssociationChina Port AssociationChina Port AssociationZhejiang Navigation Society

Ningbo PortNingbo PortBeilun SecondContainer TerminalBranchBeilun SecondContainer TerminalBranchShulanghu Company

Taicang Wugang,Yongzhou CompanyMeidong CompanyBeilun ThirdContainer TerminalShulanghu CompanyMeidong CompanyToumen Port A?airs

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In 2023

Party Building and Party LeadershipIn 2023, guided by Xi Jinping's thought on Socialism with Chinese Characteristics for a New Era, Ningbo Port profoundlyunderstood and grasped the requirements of "Exercising full and rigorous self-governance and advancing the great newproject of party building in the new era." Focusing on the three key aspects of "Construction, Management, and Operation,"the Company integrated party building work with production and business operations, promoted the construction of"Dual First-class" initiatives, and realized party building co-creation and service development.

Ningbo Port implements the work requirements of "Integrating the whole company, bilateral integration and co-promotion",continuously enriching the work in practice, accumulates "Bilateral Integration" experience. The Company strove toachieve an integration of party building with business operations and corporate governance, yielding numerous practicalwork achievements.

Focusing on the three-year special action of "Creatinge?ciency in operation, improving e?ciency ininnovation, and increasing e?ciency in management",the Company vigorously publicized the progress ofthe initiatives, experience and typical stories of thegrassroots implementations of the world-classstrong port construction project. This initiativeaims to foster an atmosphere of "learning fromothers and catching up with others". A total of 420articles were published on the "Three E?ciencyActions" special page in 2023, and two specialissues of the "Three E?ciency Actions" newspaperwere compiled.

Since September 2021, the Company has organized the work of managers of terminalcompanies to follow shift operations at front-line positions, while the terminal companieshave formed management teams to participate in production task forces, achieving fullcoverage of key positions.In 2023, 2,414 managers from the Company's 19 terminal units participated in 24,200work shifts, including 42 members of the terminal company's leadership team. Theyidenti?ed and resolved 859 issues, established and re?ned 42 production task forces,and conducted 170 drills and practical exercises.The First Convention of the Communist Party of China (CPC) Representatives (Oct.2023)

In 2023, Ningbo Port carried out deeply engaged in educational activities themed around studying and implementingXi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era. The Company developed and re?nedfour detailed work lists for the theme education and formed a weekly tracking and feedback mechanism to promote theimplementation of the tasks of the theme education. Ningbo Port organized in-depth and practical learning of the "TenMillion Project " experiences, the "Pujiang Experience " and the spirit of Xi Jinping's important speeches. By integratinglearning with application and using learning to promote action, the Company e?ectively followed up on issues relatedto corporate reform and development, helping to resolve practical problems concerning corporate reform, development,performance evaluation, and distribution that concern and a?ect the workforce.

The Company has identi?ed a total of235 thematic education topics, carried out 433 investigations and

studies, and completed the recti?cation of all the problems identi?ed.

Theme-based Education

Bilateral lntegration and Co-promotion

Conducting thematic education and learning activities

Working with Front-Line Workers

Thematic Advocacy

Follow-up work promotion meetingManagers shadowing frontline positions

"Three E?ciency Actions" Special Page

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Special Action for Party Building

Basic Work of Party Building

For many years, Ningbo Port has been carrying out the special action of "Strengthen Party Building to PromoteDevelopment, Be a Model to Strive for Excellence". The Company closely integrates the party building e?orts withthe production and operations, using it as a crucial lever to drive central work initiatives.In 2023, the Company carried out the "Service 'Dual Cycle', Construction 'Dual First-class' Theme Education andPractice and 'Strong Party Building for Development, Doing Exemplary Work for Advancement' Special Action",focusing on the weaknesses in production and operation, intelligent construction, green development, partybuilding, and integrity building, promoting 33 projects led by the secretaries of the party organizations, 136projects of the team members, 266 innovative projects of the party branches, and 4,037 projects of party members'practical work to achieve the e?ect of breaking the problems.

Focusing on "Ten Minutes" and "To Spirit", the meaning is intuitive and easy to understand. The branch emphasizes theimportance of "Spirit in Protection", "Spirit in Innovation",and "Spirit in Employees." They uphold the commitment ofaddressing any issue within ten minutes through the practice of "One phone call, resolved within ten minutes".Thebrand awareness of "To Spirit" has been successfully tested in practice. The team belonging to the branch wasawarded the National Workers' Pioneer and the National Five-star Site of Transport Industry.

Ningbo Port adheres to a clear directive to focus intensively on the grassroots level, continuously enhancing thepolitical and organizational functions of party organizations. The Company e?ectively implements the "ThreeMeetings and One Lesson " system, organizing timely participation of employee party members in party congresses,party group meetings, and party lessons. Ningbo Port regularly convenes branch committee meetings to ensurethat party members are promptly informed about the party's policies and directives, strengthen their own development,and ful?ll their roles as pioneers and exemplary models.

Implementation of the "Three Meetings and One Lesson" ProgramGeneral Meeting of Party Members of Each Branch: once per quarterBranch Committee: once a monthParty MembershipBy the end of 2023, the total number of Party members was 4,947171 Party members developed in 2023

Party Group Meeting: once per monthParty Class: once per quarter

Political Learning: The Company strictly implements systems such as the "First Agenda Item" system, "Pre-MajorDecision Special Study" system, and the "Party Committee’s Theory Learning Center Group Study" system.Throughout the year, eight central party committee group studies were conducted, focusing on the spirit of GeneralSecretary Xi Jinping's important speeches during his inspections in Zhejiang, as well as the major directives fromthe central and provincial party committees. In 2023, 22 party committee meetings were held, discussing 182topics. Among these, the "First Agenda Item" included 148 contents related to General Secretary Xi Jinping’simportant directives on party building and organizational work.

The Company Carried Out Party Committee Central Group StudyParty Building: The Company continuously promotes party building activities among industry, academia, andresearch institutions, as well as upstream and downstream enterprises, deepening party building integrationacross industry chains, supply chains, innovation chains, and capital chains. Notable established joint party buildingbodies include the Yangtze River Area, Beilun Ningbo Port Building, Zhejiang-Wanzhou Supply Chain Sea Railway,and the "Red Drive" industry and supply chain.Grid-based Party Building: The Company has established a grid-based party building mechanism, dividing thegrids among front-line, organ, collective dormitory, temporary project and other groups, establishing a partybuilding grid management system by "Setting up a Grid, Selecting a Person, Setting up a Responsibility", anddisposing of unexpected problems in a hierarchical manner. 2,385 grids have been set up, covering more than25,000 employees.

Grassroots Special Party Building

To further improve the quality of party building work, Ningbo Port continued to deepen the creation of grass-roots characteristic party building brands. By the end of the reporting period, 179 out of 259 grass-roots partybranches (general branches) of the Company had implemented the creation of party building brands.

"1010" Party Building Brand—the Party Branch of Engineering and Technology Department of Beilun First Container TerminaCase

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Corporate Culture Publicity

Adhering to the service commitment, promoting "360° All-Round Protection, Ensuring 365 Days ofAll-Weather Safety Production". The Party has been awarded "National Workers' Vanguard" and "YouthCivilization" at the municipal level for a number of the tugboats.

In 2023, the Company launched a series of touring lectures themed around the "World-Class Strong PortConstruction Project." These lectures systematically presented the promising "blueprint," the detailed"construction plans," and the actual "live scenes" of the port's development through 14 core stories. Thisinitiative aimed to unify public thought and consensus towards building a stronger port.

Ningbo Port vigorously carries forward the socialist corevalues, fosters new cultural norms within the port, anddrives the deep-rooted implementation of the "Strong PortCulture." The Company develops "star-rated" civilizedwindows and civilized factories and teams (operating lines),and having earned the honor of "National TransportationEnterprise Culture Construction Award " for ?ve consecutiveyears.

Focusing on "Precision", "Resilience", and "Specialization", the Company has strengthened managementand team training, driving the transformation of team construction from "standardization and personalization"to "branding". This upgrade has stabilized the team, enhanced production safety, and improved quality ande?ciency. A robust defensive stronghold has e?ectively been established at the production frontline.

Ship Management Centre Party Branch - "3605" Party Building BrandCase

"World-class Port Construction Project" Theme Tour LectureCase

Craftsmanship "Azure" Series of ActivitiesCase

Ningbo Zhenhai Port Grocery Team Party Branch - "Precision, Resilience, and Specialization"Party Building BrandCase

Selected As "2023 National Transportation Enterprise CultureConstruction Excellence Unit" Achievement List

In 2023, the Company further promoted its Azure Culturebrand by organizing more than 10 talks under the "SpeakingAzure" series and held 28 sessions led by model workers andskilled craftsmen. A total of 11 units and over 760 employeesattended these sessions, listening to inspiring and upliftingnarratives. Additionally, model workers and craftsmenvisited educational institutions to share with students andteachers the developmental journeys of port industry workersdedicated to strengthening port construction, furtherenhancing the promotion of corporate culture.

Craftsmanship "Azure" Series of Activities

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Corporate GovernanceNingbo Port continues to strengthen the construction of corporate governance structure, further enhancing the level ofstandardized operation of the Company. The Company makes timely and compliant information disclosure, activelymaintains investor relations, and e?ectively protects the legitimate rights and interests of all shareholders.

Ningbo Port has always been committed to improving the internal governance structure and upgrading the level ofcorporate governance. In compliance with the relevant laws and regulations set by regulatory authorities and tailoredto the actual circumstances, the Company has established the "Three Councils and One Layer " governance structurewith clear powers and responsibilities, standardization and rationalization. This structure includes the General Meetingof Shareholders, the Board of Directors, the Supervisory Board, and the Management, all of which rigorously adhere tothe Company’s articles of association and the respective procedural rules, each ful?lling the designated duties responsibly,thus ensuring the standardization and e?ciency of corporate governance.Leveraging its robust governance standards, the Company was awarded the "New Fortune Top 50 Best Listed Compa-nies " in 2023 and the "2022 Ningbo Listed Companies with High-Quality Development Leading Goose Enterprise " bythe Ningbo Municipal People's Government.Ningbo Port focusing on the goal of "Dual First-class" construction goals, takes "enhancing quality and e?ciency" asthe main theme, striving to build a "Triple Excellence" listed company.

Governance Objectives

Governance Structure

Good FundamentalsGood Corporate GovernanceGood Reputation Among InvestorsThe Company is dedicated to cultivatingits core business, actively enhancing itsproduction and operational performanceto maintain a solid foundation. This e?ortis aimed at promoting the healthy, stable,and sustainable development of theport's main business. Additionally, theCompany is focused on optimizing thequality by maintaining industry-leadinglevels in asset quality, pro?tability, andshareholder returns.

Continuously improve the corporategovernance structure, enhance themodernization of the governancesystem and governance capacity,improve the system covering alllevels of corporate governance,operation and management, andinternal control norms, improve thelevel of the company's operation andmanagement and risk preventionability, and promote the manage-ment of standardized, scienti?c andtransparent.

Adhering to the original intentionof protecting investors and givingback to them, fully respecting andsafeguarding investors' interests.We have a smooth communicationmechanism and a sound informationdisclosure management system toensure timely, accurate, completeand fair information disclosure oflisted companies.

Corporate Governance Structure Chart

General Meeting ofShareholdersSupervisory Board

O?ce of the Supervisory BoardO?ce ofthe Board of Directors

Board of Directors

Management Layer

ESG CommitteeStrategy CommitteeAudit CommitteeRemuneration andAppraisal CommitteeNominating Committee

Corporate O?ceBusiness DepartmentCorporate ManagementDepartmentFinance DepartmentHuman ResourcesDepartmentEngineering Technologyand Information DepartmentInvestment ManagementDepartmentSafety, Health andEnvironment DepartmentParty and Mass WorkDepartmentMinistry of Supervisionand AuditUnion O?ce

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Working Mechanisms

In electing the members of the Board of Directors, the Company takes into full consideration various aspects such asgender, age, race, culture, educational background, professional experience, skills and knowledge, and term of service.The Nomination Committee is responsible for submitting to the Board of Directors for consideration the criteria, proce-dures, and methods for the selection of the Company's directors and senior management. The selection of directors issubject to nomination by shareholders holding or consolidating more than 3% of the total number of the Company'sissued and outstanding voting shares and election by the shareholders at the general meeting of shareholders, and thechairman of the Board of Directors is elected by the Board of Directors by a majority of all the directors. As at the date ofdisclosure of this report, the Board of Directors of the Company consists of a total of 16 directors, covering diversi?edprofessions such as port and shipping, law, ?nance, business management. All of them possessing solid professionalqualities and good educational backgrounds, which can e?ectively safeguard the scienti?c decision-making of theBoard of Directors.With the positive progress and excellent results in board building, the Company was awarded the "2023 Best Practicesfor Boards of Directors of Listed Companies - Outstanding Practice Cases" by China Association of Listed Companiesand the “Golden Round Table Award - Best Board of Directors” by “Board of Directors” Magazine.

Board Specialization and Diversity

New Fortune Top 50 Best Listed Companies2022 Ningbo Listed Company with

High Quality Development Head Goose Enterprise

2023 Best Practices for Boards of Directors ofListed Companies - Examples of Excellent Practices

Golden Roundtable Award - Best Board of Directors

The Company has formulated the "Working System of Independent Directors", which provides institutional speci?cations onthe status, role, election, management and supervision of independent directors and strengthens the supervisorye?ectiveness of independent directors. The Board of Directors and the subordinate members join the independent directorsin accordance with the requirements of the system to ensure that the independent directors play the due roles.In order to fully implement the Three-Year Action Program for Reform of State-owned Enterprises, the Company activelypromotes the construction of the Board of Directors with the principle of "Exterior is Greater than Interior" and ensuresthat the number of external directors (including independent directors) is always greater than the number of internaldirectors, so as to e?ectively enhance the scienti?c and rational decision-making of the Board of Directors.

Board Independence

By the date of this reportThere are total of11 Board of Directors of the Company External Directors (including Independent Directors),

accounting for

62.5%.

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In accordance with the new regulations of the State Council and theChina Securities Regulatory Commission in relation to independentdirectors, the Company has specially formulated the "2024 Annual WorkPlan for Independent Directors" to further specify the on-site workinghours, training requirements, and key concerns of independentdirectors, and to plan in detail the annual work plan of the independentdirectors, so as to further utilize the role of the independent directors as"Participating in decision-making, supervising, checking and balancing,and providing professional consulting".

Independent (External) Directors Entering the Grassroots CompanyCase

For many years, the Company has carriedout the activity of "Independent (External)Directors Entering Grassroots Compa-nies", during which the independentdirectors gained an in-depth understand-ing of the Company's production andoperation, economic activities and otheraspects, and made suggestions for theCompany's governance and development.

Developing an Annual Work Program for Independent DirectorsCase

2024 Annual Work Plan forIndependent Directors

"A+A" Regulated OperationIn December 2022, the Company successfully spun o? the subsidiary Ningbo Ocean and landed on the main boardof SSE, entering a new era of "A+A" development. To ensure the continuous, stable, and regulated operation of thetwo-tier listed companies under the "A+A" model, the Company has developed a dedicated "A+A" related transactionsand peer competition management linkage mechanism. The Company also established a corresponding leadershipworking group to comprehensively enhance the coordination mechanism between the Company and NingboOcean. Furthermore, by conducting internal training and grassroots research, the Company aims to improve thequality and e?ciency of related transaction management, thereby elevating the regulatory operation standards ofboth parties.

Ningbo Ocean listed on SSE

Launching Meeting of the "A+A" Linked Transaction and Peer Competition Management Mechanism

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ESG GovernanceESG Governance StructureNingbo Port has established a three-tier ESG governance structure consisting of the ESG Committee of the Board ofDirectors, the ESG Leadership Group and the ESG Working Group, forming an ESG organizational and governancestructure that is comprehensive, clearly tiered, and operationally e?cient. The incorporation of ESG principles into theCompany's business governance involves a top-down approach from strategic design at the governance level, throughorganizational coordination, to practical implementation. This ensures that ESG-related tasks are advanced andexecuted at all levels. Each level, department, and individual's responsibilities are clearly de?ned, providing organiza-tional support for the execution of the Company’s ESG initiatives. This structure lays a solid foundation for the steadyprogress and rapid development of the company’s ESG e?orts.

ESG Management Structure of Ningbo PortDecision-making Level

Board of Directors

ESG Committee

The highest responsible organization for ESG work and the highest decision-making level

Research and guidance organization for ESG work

Conduct research and analysis on ESG-related matters of the Company, and to make recommendations on theCompany's medium- and long-term ESG development strategies and objectives;Identify and assessing the likelihood of occurrence and consequences of ESG-related risks of the Company, andproposing appropriate countermeasures;Supervise and inspect the policies, management, performance and work progress related to the Company's ESGmatters, and make appropriate recommendations;Conduct adequate research and assessment of ESG risks that may be involved in major investment and ?nancingmatters carried out by the Company, and making recommendations to the Board of Directors;

Management

ESG Leadership Team

ESG Working Group

Leader: General Manager Deputy Leader: Deputy General Manager in ChargeMembers: Key persons in charge of relevant functional departments

Main Responsibilities

Main Responsibilities

Propose and formulate medium- and long-term ESGdevelopment strategies and objectives of the Company;Formulate and improve the management system relatedto various ESG matters;Co-ordinate the preparation of the Company's annual ESGreport;

Evaluate the importance and risk impact of ESG issues;Other powers granted by the ESG Committee of the Board ofDirectors.Guide the ESG working group to implement ESG managementand assessment work;

Executive LevelTeam Leader: Secretary of the Board of DirectorsLead Coordinating Department: O?ce of the Board of DirectorsHeads of each functional department and relevant ?rst-tier management companies participate in the working groupand designate an ESG counterpart to act as the liaison o?cer of the ESG working group.

Main ResponsibilitiesFormulate speci?c work plan according to the Company's ESG development strategy and be responsible for thepromotion and implementation;Organize and conduct analysis of substantive ESG issues of the Company;Organize and implement ESG risk identi?cation of the Company and formulate response plans;Formulate ESG related management system and working rules;Formulate ESG assessment indicators of the Company and implement speci?c assessment work;Implement the statistics, review and adjustment of ESG key information of the Company;Prepare annual ESG report of the Company;Complete other tasks assigned by the ESG Leadership Team.Approve and make recommendations on the Company's ESG report;Other powers granted by the Board of Directors.

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ESG System

ESG Management SystemOn the basis of the original CSR-related systems, the Company has formulated ESG-related systems such as the "WorkingRules of the ESG Committee" and the "Environmental, Social, and Governance (ESG) Management System". These policiesestablish a mechanism with clear responsibilities and standardized processes, thereby enhancing the e?ectiveness andscienti?c basis of the Board of Directors' decision-making. The Company continuously regulates behaviors to betterintegrate ESG factors into the daily business operations and achieve the ESG development goals.The Company's ESG management mechanism links ESG development indicators and substantial issues with the annualperformance evaluation of the Company. The mechanism integrates these into the ESG performance assessment systemalongside the Company's phase-speci?c and annual goals. This system is implemented at all levels, departments, and unitsof the Company, with speci?c performance assessment measures developed and applied to manage and track the progressand implementation of ESG tasks. Continuous e?orts are made to strengthen the management's guidance and oversight ofthe ESG management system, providing momentum for the implementation and ongoing innovation of the ESG framework.ESG Information Disclosure Mechanism

During the reporting period, the Company, in accordance with the "Code of Corporate Governance for Listed Companies,"Guideline No. 2 on Self-Regulation of Listed Companies - Information Disclosure Transactions Management," and "Regula-tions on the Mandatory Disclosure of Environmental Information by Enterprises," speci?cally formulated the "Environmental,Social, and Governance (ESG) Information Disclosure Management System." This system standardizes the management ofESG information disclosure and strengthens the Company's self-regulatory mechanisms for ESG, comprehensively upgrading theexisting CSR information disclosure system to an ESG information disclosure system to enhance the comprehensivenessand transparency of disclosures.Under the uni?ed leadership and management of the Board of Directors, with the Chairman as the primary person responsible forESG information disclosure and the Board Secretary as the main responsible person, all functional departments and subsid-iaries actively participate in the ESG disclosure process.

Stakeholder EngagementE?ective engagement with stakeholders is key to achieving mutual goals. Ningbo Port places great importance on theopinions of the stakeholders. The Company engages in comprehensive and timely communication with stakeholdersthrough various channels such as routine interactions, regular meetings, and training sessions. By actively responding to theconcerns of stakeholders, the Company enhances mutual trust and achieves sustainable cooperation and development.

Stakeholders

Communication Methodsand Channels

Focus on IssuesResponse Section

Employees

Customers

Shareholders andInvestors

Suppliers andPartners

Government andRegulatory Bodies

Industry Associations

Community

Daily CommunicationRegular MeetingsSta? TrainingTrade UnionsDaily CommunicationCustomer Satisfaction Surveys

Annual ReportsDisclosure Announcements

Daily Cooperation andCommunicationSupplier Audit andEvaluationDaily Reporting andCommunication

Daily Communication

DonationsVolunteerism

Project Cooperation Sustainable Business

DevelopmentIndustry Conferences

Community Bene?t

Community Relations

Promoting Rural RevitalisationSharing Social Responsibility

Government SeminarsGovernment and EnterpriseSymposiums

Supplier Meetings

Customer Complaints andHandling

General Meetings ofShareholders

Investor Relations ManagementInformation DisclosureSmart PortsEnergy Saving and EmissionReduction and "Dual Carbon"TargetsPromoting Regional EconomicDevelopmentResults Presentations

Occupational Health and Safety

Recruitment and Employment

Employee Development & Training

Diversity and Equal Opportunity

Green Port

Smart Ports

Investor Relations Management

Economic Bene?ts

Supplier ManagementESG ManagementSupplier ManagementCorporate GovernanceRisk Management and ControlIntegrity BuildingBusiness Ethics

Sustainable Business

Development

Compliance Operations

Anti-Corruption

Prohibited Item Management

and Anti-Smuggling in Maritime

Shipping

Technology and InnovationESG Management

Contributing to the "Belt andRoad" InitiativeAccelerating Developmentand GrowthPromoting Regional EconomicDevelopmentSmart Ports

Product Quality and Safety

Customer Service and Rights

Protection of Customer Privacy

Safety ManagementWorking with Employees

Safety ManagementService QualityService E?ciencyCustomer Service

Employee Compensation and

Bene?ts

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Material Topics ManagementMaterial Topics Identi?cation

Materiality Assessment

During the reporting period, Ningbo Port conducted a substantive assessment through online questionnaires to variousstakeholders, including employees, customers, shareholders and investors, suppliers and partners, government andregulatory authorities, industry associations and the community. The Company communicated with the Board ofDirectors, the Management, and external stakeholders to understand their expectations. Through a four-step process ofidenti?cation, prioritization, determination, and validation, the Company identi?ed the topics that have a signi?cantimpact on the sustainable development. Based on these ?ndings, the Company formulated and adjusted the Company'ssustainable development strategy to meet the expectations of various stakeholders.

Referencing the Global Reporting Initiative's "Sustainability Reporting Standards" (GRI Standards), the "ChineseCorporate Social Responsibility Reporting Guidelines (CASS-ESG 5.0)", and various domestic and internationalport industry peer reports, Ningbo Port identi?ed 37 environmental, social, and governance (ESG) issues related tothe business operations. These ?ndings culminated in the creation of the Ningbo Port ESG Issues Repository forthe year 2023.

Based on internal and external stakeholder surveys, Ningbo Port scored ESG issues and employed a model forweighted prioritization to determine substantial topics.

The Management and Board of Directors reviewed and con?rmed the results ofthis year's substantial issue assessment.

For the next round of evaluating substantial issues, identify areas for improve-ment in the assessment process.

Identi?cation

Priorization

Determination

Validation

Stakeholder Engagement Survey

Through collecting and analyzing the results of the materiality assessment, we have identi?ed "Green Port", "Environ-mental Compliance", "Dangerous Goods Management", "Compliance Operation", "Customer Service and Rights" and"Smart Port" as the materiality topics for this year, which will be disclosed in the report and more management resourc-es will be invested in the Company's ESG practices in the future in order to meet stakeholders' expectations.

Level 4Level 3Level 2Level 1

Importance to Stakeholders

High

Importance to ESGHighEnvironmental topicsEmployee topicsOperational topicsEconomic topicsCommunity topics

Level 1Level 2Level 3Level 4Green portEnvironmental complianceDangerous goods managementCompliance operationCustomer Service and rightsSmart port

Exhaust emissions and managementWastewater discharge and managementRisk managementAnti-corruptionBusiness ethicsProtect customer privacyIntelligent and digital transformationScienti?c and technological innovationSafeguard intellectual property rightsSupplier managementSustainable business development Investor relations managementEconomic bene?t

Contraband management and anti-smuggling ofmaritime cargoEnergy use and e?ciencyWater resources use and e?ciency

Waste managementProtect the environment andnatural resourcesEnvironmental protection inputLabor managementOccupational health and safetyEmployee recruitment and employmentEmployee compensation and bene?tsSta? development and trainingProduct health and safety

Greenhouse gas emissions andmanagementBiodiversity and land useFight climate changeCommunity welfareCommunity relationsDiversity and equal opportunity

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Shareholder and Investor Communication

In May 2023, Ningbo Port was awarded the 14th China Listed Companies Investor Relations Pegasus Award by SecuritiesTimes for the outstanding performance in investor returns, social responsibility, and investor communication.

Ningbo Port further strengthens the investor relations management,ensuring e?ective communication with investors. This includes respondingto daily inquiries from investors via email, the "Shanghai Stock ExchangeInteractive " online platform, phone calls, and other means. The Companyassigns dedicated personnel to answer investor hotlines, ensuring inves-tors can consult on relevant issues at any time.

Investor Relations ManagementShareholders' MeetingsNingbo Port strictly complies with the relevant provisions of the Company Law of the People's Republic of China , theCode of Corporate Governance for Listed Companies, the Company's Articles of Association, and the Rules of Procedure forShareholders' Meetings to convene and hold shareholders' meetings. The preparation, proposal submission, deliberationprocedures, voting, resolution execution, and information disclosure of shareholders' meetings comply withregulatory requirements. The Company also hires lawyers to witness the shareholders' meetings on-site to ensuretheir legality and e?ectiveness. Additionally, the Company actively adopts a combination of online and on-site votingas required by the Shanghai Stock Exchange to ensure the participation of all shareholders in signi?cant Companymatters.

In 2023

In 2023

The Company held atotal of3 shareholders'meetings.

Annual Shareholders' Meeting for the Year 2022

Interactive Responses to Investor Inquiries

In 2023, the Company responded to 36 inquiries from investors on the Shanghai Stock Exchange Interactiveplatform, achieving a 100% response rate.

Pegasus Award for Investor Relations

Conducting Online Performance Brie?ngsCase

In 2023, following the disclosure of annual reports,interim reports, and quarterly reports, the Companyorganized performance brie?ngs. These brie?ngswere attended by members of the Company'smanagement and independent directors. Notably,the annual and semi-annual performance brie?ngswere conducted in the form of "Video + Text Interaction",enabling investors to gain a comprehensive under-standing of the Company's production and operatingperformance.

Awarded "Best Practice in Annual Report Performance

Brie?ng for Listed Companies in 2022"

Annual Performance Brie?ng for the Year 2022

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In May 2023, Ningbo Port organized an"Investor Protection Special Education"activity in conjunction with the theme of"Legal Education Month." The activityaimed to strengthen investor protectionawareness through investor protectionseminars, knowledge quizzes, andspecial promotional posters.

In December 2023, Ningbo Port held an "Investor Visit to Listed Companies" exchange activity. Thirty-Fiveinvestorrepresentatives participated in the event, which included exhibition hall visits, discussions, and on-siteinspec-tions at the port. This format enhanced investors' direct understanding of the Company'sdevelopment and further increased their identi?cation with and realization of the Company's value.

Investor Protection Special Education ActivityCase

Investor Visit to Listed CompaniesCase

Investor Protection Seminar

Investor Protection Special Promotion Poster

Interactive Discussion with InvestorsGroup Photo of Investors Visiting the Port Site

Investor DividendsThe Company attaches great importance to investor returns, strictly implementing the cash dividend policy determined bythe Articles of Association each year, as well as the cash dividend scheme approved by the shareholders' meeting. The pro?tdistribution policy formulated maintains continuity and stability, considering the Company's long-term interests, the overallinterests of all shareholders, and the Company's sustainable development.

In the ?scal year 2022, the total cash dividends distributed amounted to approximately RMB 16.93billion (including tax), reaching a historic high.Cash dividends have reached 60% of distributable pro?ts for ?ve consecutive years (2018-2022).Since the listing, the Company has distributed cash dividends 13 times, totaling RMB 14.392 billion.By the end of 2019, all the RMB 7.2 billion raised during the IPO had been returned to the market in theform of dividends.

Total Cash Dividends Distributed by the Company Over the Years (RMB Billions)

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022

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Information DisclosureIn accordance with relevant laws and regulations, the Company has formulated documents such as the "InformationDisclosure Management System" and the "Major Information Management System" to regulate information disclosurebehavior, ensuring the Company discloses information truthfully, accurately, and completely. Furthermore, theCompany has strengthened the management of information disclosure for the subsidiaries and branches. By imple-menting the Assessment Measures for Major Information Management of Subsidiaries and Branches, all subsidiariesand branches are subject to comprehensive information disclosure assessments, thereby enhancing the informationdisclosure awareness of grassroots companies.

Compliance ConstructionRisk Control

The Company regards compliance construction as an important lever for "First-class Management." By establishing asound compliance organizational structure and formulating a complete compliance system, the Company furtherstandardizes organizational construction, system construction, operation mechanisms, and guarantee mechanisms forcompliance management, enhances compliance operational management capabilities, and lays a solid foundation forachieving high-quality development.

The Company has established a comprehensive compliance management organizational structure, clearly de?ning thecompliance management responsibilities of the Party Committee, the Board of Directors, the Supervisory Board, andthe management team. Through adjustments to internal organizational structures, the Company has standardized itscompliance management from a corporate governance perspective.In 2023, the Company promoted the full implementation of the Chief Compliance O?cer system, appointing a total of28 chief legal advisors and chief compliance o?cers for the Company and the subordinate secondary managementunits.

In 2023, the Company disclosed a total of 4 regular reports and 62 interim announcements, maintaining timely, compli-ant, transparent, and e?cient information disclosure. The Company actively conducted voluntary information disclo-sure such as annual performance brie?ngs and monthly major production data announcements, and was rated as an"A-class Enterprise in Information Disclosure for 2022-2023 " by the Shanghai Stock Exchange.

Assessment Measures for Major Information Management of Subsidiaries and Branches

Annual Performance Brie?ngs and Monthly Major Production Data Advisory Announcements

Compliance Organizational Structure

Organization

Party OrganizationsBoard of DirectorsSupervisory BoardManagement LevelComplianceCommitteeChief ComplianceO?cerCompliance LeadingDepartmentComplianceAdministrator

ResponsibilitiesPlay a leading role in setting directions, managing overall situations,and promoting strict adherence to compliance requirements within the unitPlay roles in setting strategies, making decisions, and preventing risksFul?ll compliance management supervision responsibilitiesPlay roles in managing operations, implementing tasks, and strengthening managementThe leading body for compliance management, organizes and leads compliancemanagement work, and decides on major compliance management issuesEstablish a Chief Compliance O?cer responsible for leading the compliance managementdepartment to conduct compliance management workThe Board of Directors O?ce serves as the leading department for Company compliancemanagement and leads the construction of the Company's compliance management systemClarify the compliance management responsibilities of business departments and supervisorydepartments, establish compliance administrators in each department, and require eachdepartment to participate in Company compliance management within its scope of responsibilities

Corporate Compliance Organizational Structure

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Compliance SystemThe Company attaches great importance to the construction of the compliance management system. Based on the practicalsituation and in combination with the requirements of the State-owned Assets Supervision and Administration Commissionand superior units, the Company has constructed a hierarchical and classi?ed compliance management system, includingbasic compliance management systems, supporting compliance management systems, and special compliance managementsystems.

The Company attaches great importance to the construction of the compliance management system. Based on the practicalsituation and in combination with the requirements of the State-owned Assets Supervision and Administration Commissionand superior units, the Company has constructed a hierarchical and classi?ed compliance management system, includingbasic compliance management systems, supporting compliance management systems, and special compliance managementsystems.During the reporting period, the Company conducted multidimensional, multi-perspective, and multi-occasion complianceculture propaganda to enhance overall compliance awareness.

In 2023

the Company revised a total of 69 compliance management systems,including revisions (including new additions)

the centralized abolition of32 systems.

The Company's existing major compliance management systemsBasicSystems

SpecialSystems

SupportingSystems

Compliance Management Measures

Domestic Equity Investment Compliance Guidelines

Business Partner Compliance Management RegulationsCompliance Management Committee Meeting RulesCompliance Risk Management Implementation RulesCompliance Inspection Implementation RulesCompliance E?ectiveness Assessment Implementation RulesCompliance Management Assessment Implementation RulesCompliance Review Management Implementation Rules

The Company has issued compliance management regulations and related implementation documents.

Compliance Training

Compliance Internal Audit and Certi?cation Training

Other Compliance-related Training Programs

Compliance Internal Control Integration Training

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Compliance Management System Certi?cationBy the end of the reporting period, a total of 10 units of the Company have obtained ISO 37301 compliance managementsystem certi?cation.

In April 2023, to strictly implement the requirements of "Comprehensive system, uni?ed standards, synchronous adjust-ment, high quality, and e?ciency in promoting the construction and operation of the compliance management system," theCompany conducted a phase inspection of compliance construction across the entire system. This included on-siteinterviews, documentation, issuance of written inspection results and recommendations, and guidance for supervisingunits to accelerate compliance construction work.

Compliance Inspection and AssessmentThe Company's Compliance Management Measures stipulate that the Chief Compliance O?cer organizes regular compli-ance inspections and assessments to evaluate the compliance of systems and processes, supervise recti?cation ofviolations, and promote continuous improvement. Objective and fair evaluations of all employees' compliance work areconducted based on the Compliance Management Assessment Implementation Guidelines to enhance their complianceawareness, capabilities, and literacy.

Compliance Risk ControlThe Company has established a sound compliance risk control mechanism and formulated corresponding Compliance RiskManagement Implementation Guidelines. Responsibilities for compliance risk management are clearly de?ned. TheCompany employs a "Three-line Defense" approach to e?ectively identify, proactively manage, prevent, and addressvarious compliance risks, ensuring the legality and compliance of its operations.The Company publicly solicited and selected internal employees to undergo CCAA-registered training and examination forcompliance management system auditors and internal auditors. By the end of 2023, a total of 338 employees from theCompany and its subsidiaries have passed the examination.

ISO 37301 Compliance Management System Certi?cation

Certi?cate of Compliance Management System Auditor Training

Phase Inspection of Compliance ConstructionCase

First Line of DefenseCompany andFunctional Departments

Second Line of DefenseCompliance ManagementLeading Department

Third Line of DefenseDepartments such asDiscipline Inspection,Supervision, and Audit

Assume corresponding responsibilitiesfor compliance management and play akey role in gatekeeping.

Ful?ll compliance management leadershipresponsibilities according to relevant regula-tions, and play a role in risk identi?cationand compliance checks.

Undertake the supervision responsibili-ties of compliance management, play arole in audit evaluation, consolidate thee?orts of the three lines of defense, andbuild a solid barrier for compliance riskprevention and control.

Three Lines of Defense for Compliance Management

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During the reporting period, the Company updated and issued the List of Laws and Regulations Involved in Production andOperation, List of Major Compliance Obligations and Risks, and List of Important Positional Compliance Responsibilitiesbased on changes in the external environment, laws and regulations, and adjustments to the functions of individual depart-ments. This achieved dynamic control of compliance risks:

The List of Laws and Regulations Involved in Production and Operation added41 items, abolished 83items, and modi?ed147 items.

The List of Major Compliance Obligations and Risks added6 items, abolished 34 items, and modi?ed65 items.

Updating and Issuing the "Four Lists" of Risk Management and Control

Compliance Risk Identi?cationCompliance Risk AssessmentLed by the Chief Compliance O?cer, coordinated by the Compliance Management

Leading Department, and with speci?c responsibilities assigned to each functionaldepartment, the assessment is conducted collaboratively.Compliance Risk AssessmentReport

Based on the results of compliance risk identi?cation, the likelihood, impact, and riskvalue of various risks are analyzed and evaluated, and the overall compliance risksituation is summarized and analyzed to generate a report.List of Major ComplianceObligations and Risks

Each functional department updates the relevant list of major compliance obligationsand risks based on the risk assessment report approved by the review.Issuance of Compliance RiskAlerts

The Compliance Management Leading Department issues alerts within a certain scopefor compliance risks that are typical, widespread, or may have serious consequences inits business area.

Compliance Risk ResponseThe Company and the subsidiaries formulate compliance risk prevention measures based on risk identi?cation assessmentsand early warning situations. Particularly for compliance risks that are typical, widespread, and may have serious conse-quences, contingency plans are developed in advance and implemented in speci?c business processes and job positions toe?ectively respond to and address risks.

Special Action for Reducing and Controlling Legal DisputesTo thoroughly implement the "Comprehensively Govern the Country According to Law" and "Legal Construction inZhejiang" initiatives and further strengthen the management of corporate legal disputes, the Company launched a specialaction for reducing and controlling legal disputes in 2022, aiming to address various disputes, especially major ones, andcomprehensively improve the level of legal construction and the ability to govern enterprises according to law.In 2023, the Company further carried out the "2.0 Version" of the special action for reducing and controlling legal disputes,focusing on reducing existing disputes and preventing the occurrence of new ones. By the end of 2023, the number andamount of unresolved disputes within the Company were both controlled below the data of the ?rst version of the action.The overall situation of disputes remained at a low-risk level throughout the year, with no systemic legal risks occurring, andthe goals of the special action were successfully achieved.

Legal A?airs

023 Annual Recognition Conference for "Reducing Existing Risks and Curbing Incremental Risks"Contract Management and Legal Performance

Contract management plays a crucial role in the Company's risk control e?orts. The Company has formulated a seriesof regulations, including the "Contract Management Regulations," "Contract Management Work Assessment Measures,""Contract Text Quality Standards," and "Contract Text Management Measures." Through the implementation of acomprehensive lifecycle contract management system, the Company rigorously manages, supervises, and inspectscontracts to prevent, control, and resolve contract-related risks.

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By the end of the reporting period, the Company and the grassroots units have established corresponding contract manage-ment systems and designated dedicated legal personnel.

Compliance Performance in 2023Research and performance assessment of contract management and legal a?airs in32 grassroots units.Achieved a100% rate of review and approval for economic contracts, major decisions, regulatorydocuments, and legal scrutiny.

Internal ControlNingbo Port has established an internal control system and mechanism based on the "Basic Norms for Enterprise InternalControl" and supporting guidelines. The Company has formulated the "Internal Control Self-Evaluation Measures" anddevelops annual plans for implementing internal control standards. Through self-assessment, the Company identi?esinternal control de?ciencies and generates self-assessment reports to promptly address and follow up on internal controldefects. This further strengthens and standardizes the Company's internal control construction e?orts, enhancing theopera-tional management level and risk prevention capabilities.Since 2019, the Company has consistently ranked among the top 30 in the "Zhejiang Listed Companies Internal ControlIndex ," securing the ?fth position in the 2022 rankings.

The Company has developed internal control matrices and manuals for 20 processes, encompassing 305 risk control points,based on the "Enterprise Internal Control Application Guidelines."

The "Zhejiang Listed Companies Internal Control Index" from 2019 to 2022Internal Control Structure

Internal Control Mechanism

Highest Decision-making Body andUltimateResponsible Person

Board of Directors

Internal ControlSelf-Assessment Team

Internal Control StandardConstruction LeadershipGroup

Leading Group forInternal ControlStandard ConstructionWorkMain Working Unit forInternal Control Self-Assessment

Year

20225

8202120202019

2019202020212022

Ranking

Internal Control System

Organizational StructureFinancial ActivitiesContract ManagementEngineering ProjectsCost Expenses

Development StrategyHuman ResourcesInformation SystemsBusiness OutsourcingComprehensive Budgets

Corporate CultureProcurement operationsResearch and DevelopmentGuarantee ServicesFinancial Report

Social ResponsibilityAsset ManagementSales OperationInternal CommunicationInternal Supervision

Responsible for reviewing and approving signi?cant decisionsrelated to the internal control self-assessment reports, internalcontrol recti?cation, major risks, and signi?cant matters.Comprised of the Company's general manager and relevantdepartment heads, it includes an o?ce that primarily overseesthe review of internal control self-assessment-related policies,work plans, assessment reports, defect recti?cation plans, andmeasures.Responsible for developing work plans for internal controlself-assessment, evaluating and analyzing the e?ectiveness ofinternal control design and implementation, guiding units inconducting cross-evaluations of internal control, and compilingannual internal control self-assessment reports.

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By the end of 2023, the Company and the subsidiaries had established internal control standard systems and issued internalcontrol matrices and manuals. Through the "One Chart, Three Matrices" approach, the Company conducts e?ective self-as-sessment, systematically investigates process risk points, and strengthens defect recti?cation implementation.

JulyOct to DecMar in the following year

July to SepJan to Feb in the following year

Internal Control Self-Assessment Process

Self-assessment LaunchDeveloping the self-assessmentprogramDetermine the scope ofself-assessmentFormation of internal controlself-assessment team

Internal control defects recti?cation

Implementation of the recti?cation planSelf-inspection of internal controlde?ciencies recti?cation

Issuance of self-assessment report

Prepare the ?rst draft of the self-assessmentreportConsideration and disclosure of internalcontrol self-assessment report

The ?rst round of self-assessmentMobilization and trainingFirst round of self-assessment testSummarize and communicateinternal control de?cienciesDevelopment of recti?cation plan

The second round ofself-assessmentMobilization and trainingSecond round of self-assessment testSummary of internal controlde?ciencies and communicationDevelopment of recti?cation plans

Internal AuditNingbo Port has formulated the "Internal Audit Work Regulations" in accordance with relevant laws and regulations and theactual situation.In 2023, the Company timely revised the "Internal Audit Work Regulations" according to the latest regulatory requirements;the internal audit department implemented internal audit work in an orderly manner and successfully completed variousinternal audit tasks according to the "2023 Internal Audit Work Plan" approved by the Audit Committee of the Board ofDirectors, giving full play to internal audit as an important means of corporate governance and the role of the "Third Line ofDefense" in risk management, supervision, and service functions.Integrity Situation

Ningbo Port attaches great importance to protecting the legitimate rights and interests of creditors, ensuring the ?nancialsoundness and security of assets and funds through the establishment of sound asset and fund management systems,strengthening fund budget management, and ?nancial risk control.

In line with the principles of "Legality, Integrity, Fairness, and Mutual Bene?t," theCompany cooperates with various commercial banks, timely noti?es creditors ofsigni?cant information related to their rights and interests, and repays principaland interest according to contract agreements, forming a good cooperativerelationship of mutual trust and support between banks and enterprises.By the end of the reporting period, the Company had no signi?cant pendinglitigations a?ecting normal operations and no violations of external guarantees.All borrowings of the Company were repaid on time, and there were no delays inprincipal and interest payments and no credit default records in the open market.

Ningbo Port has developed a special emergency management process for potential major network public opinion incidents.Upon detecting such incidents, the Company reports them immediately, promptly activates emergency plans, and dynami-cally tracks the situation post-management. This approach aims to prevent, reduce, and eliminate any negative impacts thatsudden major online public opinions might have on the Company, maintaining the positive image with swift and preciseresponse capabilities.During the reporting period, the Company did not experience any major crises of network public opinion.

China Chengxin International Credit Rating Co., Ltd. maintainedthe Company's corporate credit rating as AAA with a stable outlookin the "2023 Annual Tracking Rating Report".

2023 Annual Tracking Rating Report

Signi?cant Network Public Opinion Emergency Management

Company's Major Network Public Opinion Response Management Process

Public OpinionCollection

DynamicTrackingPositiveGuidianceSummaryEvaluation

Plan ActivationClassi?cation and

Handling

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By the end of 2023, 47 subordinate units of the Company have achieved safety production standardization standards,including 15 ?rst level standards, 25 second level standards, and 7 third level standards.

Ningbo Port has established a sound safety management mechanism, in accordance with the responsibility system of "Partyand Government Share the Responsibility, One Post and Two Responsibilities, Joint Control, Failure to Pursue Responsibili-ty" and the requirement of "Whoever is in Charge, Whoever is Responsible", adhering to the principle that "management ofthe industry must be in charge of safety, management of the business must be in charge of safety, and the management ofthe production and management of safety must be in charge of the management of the management of the safety, and theimplementation of the management of "Grading Responsibility".

Intellectual Property Rights

Safety Management

Ningbo Port strictly adheres to national laws and regulations, such as the "TrademarkLaw of the People's Republic of China", by establishing relevant management regula-tions for the standardized management and protection of intellectual property rightsincluding patents, copyrights, and trademarks. The Company extensively utilizesdigital management systems to oversee the creation, application, and utilization ofpatents and copyrights. Additionally, the Company requires all the subsidiaries toregularly review the validity of the intellectual property rights and take appropriatemeasures to maintain these rights.In the daily operation process, the Company continuously strengthens the under-standing and compliance awareness of intellectual property rights among all employ-ees through forms such as publishing articles on WeChat public accounts and intellec-tual property rights training.

Ningbo Port consistently prioritizes safety management as a solidfoundation and strong guarantee for the high-quality developmentof the port. Since 2018, the Company has actively worked on estab-lishing a standardized system for safety production. In the sameyear, the Company achieved the second-level standardizationcerti?cate for safety production in transportation enterprises. TheCompany conducts annual self-assessments and evaluations byassessment agencies, and undertakes recerti?cation every threeyears as required. This process fully leverages the guidance andcorrective functions of the safety standardization system in actualproduction, helping to build a long-term mechanism for safeproduction.

Awarded the Second Prize in

the Zhejiang ProvinceIntellectual Property Awards

Intellectual Property Compliance Management Training

During thereporting periodThe Company did not infringe or be infringedupon intellectual property rights and obtaineda total of 117 patents (or software copyrights)throughout the year.

Security System and Objectives

Security Management Mechanism

Certi?cate of Second-level Compliancefor Safety Production StandardizationConstruction of Transportation Enterprises

Safety Management Philosophy andObjectives of Ningbo Port

Safety Concept: Zero tolerance for hidden dangers, zero production accidents and zero work-related deaths.Safety Control Targets: No workplace accidents, no major or above ?re accidents, no major or above water

transportation accidents, no major or above road transportation accidents, no major machine damage accidents,no major cargo quality accidents.

Safety performance in 2023:

0 major ?re or above accidents0 major or above water transportation accidents0 major road tra?c accidents or above

0 major or above road tra?c accidents0 major freight quality accidents

The persons in charge of the Party's organizations at all levels perform the work safety duties in accordancewith the relevant provisions of the higher levelThe main responsible persons of the Company and its wholly-owned and controlling (including relativelycontrolling) production and operation units are fully responsible for the safety production work of the unitOther responsible persons are responsible for safety production work within their scope of responsibilitiesEach department is responsible for safety production work within their respective responsibilitiesEmployees are responsible for the safety production work in their respective positions

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Security InitiativesSecurity Management Initiatives

Safety Inspection and Troubleshooting

Improvement of safety management system:

Strengthening the implementation of productionsafety responsibility system for all employees

Strengthened safety supervision and assessment airing

Deepening the safety risk classi?cation and control mechanism

Implementation of regional production safety grid management

In 2023, 1 new system and 4 revised systems were added, and 25safety-related management systems and 1 compendium ofsafety technical operation procedures were implemented,which were divided into 17 categories and 197 items, basicallycovering all aspects of safety production management.

We have signed production safety responsibility letters with allsubordinate companies, functional departments and all employ-ees, tightening the complete chain of production safety responsi-bility of "the Main Person in Charge - the Leadership - the Manage-ment - the Operational Level".

Monthly spot checks, quarterly assessment and annual assessment of subordinate units, and airing noti?cation oftypical problems and assessment in regular meetings and safety brie?ngs to urge units to implement the main responsibility ofthe enterprise. During the reporting period, the Company's safety responsibility assessment employee coverage ratewas 100%.

The Company ?rmly established the "Hidden Danger is an Accident, Accidents Should Be Dealt With" concept of thinking, setup a comprehensive supervision of safety and environmental protection task force to strengthen the subordinate unitsof the regular rolling downward comprehensive inspection, urging the units to strictly implement the remediation ofclosed-loop management.

During the reporting period, the Company organized productionunits to conduct mutual safety inspection activities to form a work-ing atmosphere of "Comparing, Learning, Catching up, Helpingand Surpassing." The Company urged 17 units to conduct on-siteinspections as required, prepare inspection reports, and publiclyassess the performance of each unit's activities. This initiativepromoted the recti?cation of safety hazards and facilitated thesharing and learning of safety achievements across the organization.

During the reporting period, the Company implemented the "100-Day Remedial Action for Human-MachineIntersection and Intra-Harbor Tra?c." The Company urged all units to thoroughly identify safety risks associat-ed with human-machine intersections and port tra?c operations. The Company emphasized the need forenhanced safety management and control of high-risk operations, rigorously recti?ed and cracked down onviolations at the worksite, and established a robust long-term mechanism for managing the safety ofhuman-machine intersections and port tra?c. This comprehensive approach aims to signi?cantly improvesafety standards within the port's operations.

Conducted a total of302 comprehensive safety supervision and inspections ( 43 night inspections), with a100% completion rate of recti?cation.Completed14,842 safety hazard investigations, safety surveys and inspections of production environ-ments, equipment, systems, etc., and took corrective actions in response to identi?ed safety hazards, with a100% safety hazard investigation rate.

The Company issued the "Safety Production Risk Classification and Control Regulations", and urged the subordinateunits to regularly organize an all-round identi?cation of danger sources and risk evaluation, and dynamically adjustthe risk level and control measures in accordance with the changes in business expansion, equipment modi?cation,updat-ing of operation methods and changes in the places.

In alignment with actual production conditions, Ningbo Port has subdivided the operations into grid units, with eachgrid having a designated area manager responsible for ensuring the e?ective implementation of rules and operationalprocedures within their area. This approach continuously enhances the area managers' ability to "identify risks, controlrisks, and address hazards," e?ectively implementing the management model of "Area—Risk—Responsibility—Super-visor." This structured model ensures a focused and accountable approach to managing safety and operational riskse?ectively across the port's operations.

Operation Safety Target Management

Responsibility Letter

In 2023

Promoting Mutual Aafety ChecksCase

Implementing a Hundred Day Campaign and Recti?cationCase

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Dangerous Goods Management

The Company strictly manages the production, storage, transportation, and use of dangerous goods in accordance withnational regulations and standards, and formulates and issues the "Safety Control System for Dangerous Goods Operations"document to comprehensively control the dangerous goods operations involved in this level and related units. The mainmeasures are as follows:

During the reporting period, the Company revised and improved the compilation of emergency response plans for emergencies,including one comprehensive emergency response plan at the Company level and 16 special emergency response plans.The subordinate units established and improved their own emergency management systems in accordance with relevantregulations and requirements.

Orderly conduct the upgrading of monitoring, control, early warning, ?re-?ghting and other facilities in chemical zones,and gradually reduce the number of joint-venture enterprises in chemical zones.Strictly manage all kinds of dangerous goods containers, and implement relevantlaws and regulations and requirements for dangerous goods operation certi?cates.Strengthen the control of dangerous goods vehicles at source, implement the "?vemust check" for ?lling at source, and strictly control the source and build ?rewallsagainst over-limit and over-loading.Further improve and standardize the safety management of special operationsfocusing on the ?re operation, and strictly apply for ?re, safety con?rmation, ?reanalysis, permit approval, ?re monitoring, and completion of the clearance process.Strengthen the safety control of major sources of danger, conduct regular safetyassessment of major sources of danger, implement the responsibility system for thesafety of major sources of danger, and set up public boards at the locations of safetywarning signs for major sources of danger.

Implement Monitoring of Chemical Zones

Dangerous Goods Container Operations ManagementSafety Warning Signs for Major Hazard Sources

Safety Assessment Report onMajor Hazardous Sources

Emergency Management

During the reporting period, the Company organized more than 300 special trainings for the ?re-?ghting key personnel of allunits in Ningbo port area by full-time and part-time emergency teams, and comprehensively implemented unscriptedcombat drills to improve the ability to coordinate with the government departments in organizing and directing the rescueand relief work, as well as the coordination and linkage of the social rescue forces.

Fire Safety Emergency Control

Actively prevent theadverse e?ects of visibility,utilize professionalmeteorological services,conduct segmentedpilotage in advance, andcontinuously deepen andimprove the mechanismfor ships entering andexiting ports under lowvisibility.

E?ectively conduct typhoonand ?ood prevention work,leverage the advantages ofuni?ed dispatch andcommand, and ensuresmooth and orderlyproduction in the port area.

Implement measures toprevent monsoons andstrong convection,coordinate navigation andtugboat operations foron-site berthing anddisembarking of ships.

Coordinate the organizationand arrangement of vesselberthing and disembark-ing during the constructionperiod of the dock frontwater depth survey anddredging project.

The Company has developed emergency management plans for road tra?c accidents, water tra?c accidents, and railwaytra?c accidents to enhance the emergency management capabilities for tra?c accidents.

Tra?c Safety Emergency Management

Daily Fire Safety Drills

In 2023The Company has not experienced any major or above road tra?c accidents.Emergency Management of Weather Changes

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Under the guidance of the maritime department, the Company hasentrusted the Water Transport Science Research Institute of the Ministryof Transport to complete the preparation of the joint prevention plan forthe construction of marine emergency response capabilities for shippollution in the Ningbo Port area. The related capacity building work,including ship construction, warehouse construction, emergency teamconstruction, and system construction, has been successfully completed.

Emergency Management of Marine Pollution

To enhance the emergency rescue capabilities at sea, the Company hasdeployed and implemented the standard con?guration of tugboatsunder its management, including individual handheld fusiontelescopes, water rescue wings, AED and other professional waterrescue equipment, to meet the emergency rescue needs coveringvarious ports in the province.

Maritime Emergency Rescue

In 2023, the Company organized a total of 1036 safety drills, covering major hazard source special projects, high-altituderescue, and emergency rescue for ship cable breakage.Security Drill

Special Emergency Drill forMajor Hazard Sources

High Altitude Rescue Emergency DrillEmergency Rescue Drill for

Ship Cable Breakage

Emergency Drill for Oil Spills at SeaCase

During the reporting period, the Company conducted a total of 21 large-scale o?shore oil spill emergency drills.

"Fire Day" Emergency Rescue ExerciseCaseIn November 2023, the Company conducted an emergency rescue drill for a sudden accident in the petrochemicalproduct storage area of Zhenhai Port in the chemical industry zone. The Ningbo Port Fire Brigade rushed to the scene for?re monitoring, and the emergency command center activated a one click alarm upon receiving the alarm. This drillfurther strengthens the emergency response capabilities, ?re?ghting capabilities, and collaborative combat capabilities ofemployees, improving the emergency response and rescue capabilities of the enterprise's ?re?ghting department.

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Employee Occupational Health and SafetyNingbo Port conscientiously implements the principle of "People-Oriented, Life First," cares for and cares for thehealth of employees, places occupational safety and health management in an important position, and activelypromotes the construction of an international health port.

The Daxie Port of Ningbo Port passed the assessment and certi?cation of the World Health Organization in 2011,becoming the ?fth international health port area in China and the ?rst international health port area in ZhejiangProvince. In 2018, it successfully passed the on-site assessment of the WHO and became the ?rst internationalhealth port in China to pass the review and certi?cation.

The system covers various aspects such as occupational safety management, occupational health management, andoccupational disease prevention, comprehensively ensuring the occupational health and safety of employees.Occupational Health and Management System

Specialized ManagementOrganizations forOccupationalHealth and Safety

Mechanism Construction

The Company's occupational health work leadership group, the Company's safety andhealth department13 systems, including the "Standards and Management Regulations for the Issuance of LaborProtection Equipment," "Occupational Health Management Regulations," "OccupationalDisease Hazard Prevention and Control Responsibility System," "Management Measures forEmployee Health Inspections," and "Implementation Measures for Special Funds for Supplementary Medical Subsidies for Employees."

During the reporting period, the Notice on Establishing the Company's OccupationalHealth Management Leading Group and the Company's 2023 Occupational Health Prevention andControl Plan and Implementation Plan were revised and issued.

Employee Safety Risk Prevention and ControlAccording to the "Safety Production Risk Classification and Control Regulations",the Company urges all units to adhere to the principles of "Full Participation,Bottom-up, Dynamic Management, and Continuous Improvement". In combina-tion with the requirements of regional safety production grid work, the grid isdivided into the smallest operating unit, and grid personnel are identi?ed andassigned to work, to supervise the implementation of corresponding safety riskprevention and control.

During the reporting period, the Company revised and improved the "Standards andManagement Regulations for the Distribution of Labor Protection Equipment andWork Clothing for Employees", clarifying the distribution scope, standards, and usagemanagement requirements for 27 types of labor protection equipment for 32 types ofport operators in accordance with the principle of "Reasonable Distribution andCorrect Use", and urging all units to further ensure the safety and health of employeesin production labor.

Labor Protection

Identi?cation of Safety Production

Grid Personnel

Coverage rate of pre-job safety training for new employees: 100%

100%of employees in special industries and special operations personnel hold certi?cates for employment

Pre-class Safety Meeting Display and Evaluation ActivityCase

In 2023, the Company organized and conducted the activityof "Talking about Safety, Peaceful Azure" - My Pre-shift SafetyMeeting. This initiative urged all units to rigorously imple-ment the "Three Inspections and Five Talks" protocol duringthese meetings. Based on the tasks for the shift, combinedwith environmental factors such as weather and hydrology,the initiative emphasized clarifying and thoroughly explain-ing the risks, precautions, and preventive measures for eachstage of operation and every control point. This structuredapproach ensures that all employees are well-informedabout potential hazards and the necessary safety measuresbefore beginning their work.

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The Company continues to standardize the managementof occupational health examinations and strictly implementson duty, on-the-job, and o? duty occupational healthexaminations in accordance with the requirements of theOccupational Disease Prevention and Control Law.During the reporting period, the Company issued anotice on further strengthening the management ofemployee health, urging all units to improve the mechanismof health education, establish employee health records,achieve dynamic health warning supervision, andincrease the rate of emergency rescue training andcerti?cation for employees.

Occupational Health

During thereporting period

The Company's labor protective equipment was issued to cover100% of its employees.

In 2023, the Company conducted summer high-temperature condolences and employee representative inspec-tions, urging all units to install ventilation and cooling equipment in large equipment cabins and employee restrooms. The Company provided heatstroke prevention and cooling drinks and medicines for on-site workers, anddistributed high-temperature expenses and summer supplies, strengthening the personal safety supervision offrontline workers.

The Company has established comprehensive regulations such as "Occupational Health Management Regulations"and "Employee Health Examination Management Methods." These guidelines mandate all units to strictly implementthe "Three Simultaneous" system for the evaluation of occupational disease hazards and protective facilities inconstruction projects. This involves the regular monitoring of occupational hazard factors, conducting health examina-tions for employees at positions exposed to occupational hazards, and ensuring pre-employment, in-service, andpost-employment occupational health examinations for new hires. Additionally, the Company maintains occupationalhealth records. Employees diagnosed with occupational diseases, suspected occupational diseases, or contraindica-tions related to their jobs are transferred from their positions and receive active treatment. In 2023, the Companyreported an occupational disease incidence rate of 0%.

The General Manager of the Company Comforted the On-siteWorkers During the Summer High Temperature

Distribute Heatstroke Prevention and Cooling Drinks and

Medicines

Employee Physical Examination

2023 Employee HealthExamination Status

2023 Medical Insurance and

Protection Situation

2023 Occupational HealthManagement Measures and Work

Employee health examination coverage rate upon entry: 100%; Annual health examination coveragerate for in-ser-vice employees: 100%Completed the reexamination of health certi?cates for 16 water plant chlorinators and 18 dock water supply personnel;

On duty physical examination for personnel in contact with hazardous and special operations: Completed healthexaminations for 426 employees and annual special occupations and personnel in contact with hazardous operations,tracked employees in need of reexamination, and promptly contacted the examination hospital.

Basic medical insurance employee coverage rate: 100%Supplementary medical insurance types: group hospitalization supplementary medical insurance, employee supple-mentary medical subsidy special fundsContinuously improving the level of medical security for both employed and retired personnel

Carried out special medical fund subsidies for employees and their families.Took multiple measures to care for employees' physical and mental health: conduct publicity work on AIDS prevention,education, and training work on cardiopulmonary resuscitation and science popularization of mental health knowledge,guide employees to establish a healthy lifestyle, and further enhance employees' awareness of self-health care.

AIDS Prevention PublicityCardiopulmonary Resuscitation Education

and Training

Popularization of MentalHealth Knowledge

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Initiatives and E?ectiveness of Occupational Disease Prevention and

Control in 2023

Safety Education

MeasuresE?ectConduct annual occupationalhazard detection, evaluation,and publicity

New employee onboardingtraining

Education and certi?cationtraining for key persons incharge of occupational healthand management personnel

Organized special lectures

Diversi?ed publicity andeducation

According to the requirements of occupational health protection, assessmentsare conducted every three years, occupational hazard factor testing is conduct-ed annually and made public. The 2023 report was prepared and submitted tothe local health supervision and management department as required, and thetesting information was made public.In 2023, the Company conducted pre-employment occupational health training fora total of 92 new employees across 5 batches. The training covered topics such asthe current occupational health situation, occupational disease prevention andcontrol laws, occupational hazard factors and protection, and the Company'smeasures for the prevention and protection against occupational diseases. Thiscomprehensive training ensures that new employees are well-prepared andinformed about the potential occupational risks and the preventive strategiesimplemented by the Company.In accordance with the regulatory requirements of the local government, trainingfor the education and certi?cation of key persons in charge of occupational healthand management personnel was organized, with a total of 11 persons certi?ed forthe ?rst time in 2023.During the year, the Company's administration and labor union organized ?vehealth education training lectures, mainly involving the popularization of ?rst aidand health knowledge, occupational health publicity work, and Red Cross ambu-lance training, etc. At present, the Company has 38 employees who have obtainedRed Cross ambulance certi?cates.The Company utilizes various communication methods, including i Ningbo ZhenhaiPort, electronic screens, and banners, to conduct awareness campaigns on theprevention of occupational diseases such as heat stroke and exposure to physicaland chemical hazards. These initiatives aim to educate and inform employeesabout the risks associated with their work environment and the preventivemeasures available to safeguard their health.

2023 Ningbo Port Safety Education and Training SituationTotal Number of Safety Training Personnel: 207,068Total Number of Safety Training Hours: 431,643 hoursThe content of safety training covers: safety risk prevention, safety awareness education, safety knowledgeeducation, and safety skills education, etc

In 2023, the Company actively conducted safety promotion activities such as the 2023 Safety Production Month, theSafety Production Law Promotion Week, the National Tra?c Safety Day, and the Fire Protection Promotion Month,strengthened the training and promotion of national safety production laws and regulations, safety knowledge, jobskills, and self-rescue and mutual assistance. The Company continuously improved the safety literacy and skills of allemployees, and ensured that "Everyone talks about safety, everyone knows emergency".

Fire Safety Awareness Month Education and Promotion

Lecture on "Accident Case Warning"Promotion Week of the Safety

Production Law

National Tra?c Safety Day Activities

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Developing Safety through Science and TechnologyNingbo Port implements the strategy of developing safety through science and technology, and strengthens thepopularization and application of advanced and applicable scienti?c and technological achievements in the areasof accident prediction and warning, prevention and control, and rescue and disposal.

Information SecurityNingbo Port adheres to the information security management policy of "Prevention First" and follows the hierar-chical management principle of "whoever uses is responsible, whoever is in charge is responsible".The Companyhas established and re?ned a security responsibility system and a collaborative work mechanism. The Companyhas formulated regulations such as the "Information Management Methods" and "Information Security Manage-ment Methods (Trial)" to advance the standardization and normalization of information security management.These initiatives aim to enhance the Company's capabilities in managing information security and improve thetechnical level of information security.The Company stipulates that when cooperating with external units on projects, if sensitive commercial and techni-cal information of the Company is involved, a project cooperation con?dentiality agreement must be signed.During the reporting period, the Company did not experience any information security incidents.

Developing the safety control platform for dangerous goods in seaport, realizing the visualization management ofproduction operations and ensuring that the Company's dangerous goods operations are in a safe and controllablecondition. The platform won the second prize of China Port Science and Technology Progress Awardand the secondprize of National Transportation Enterprise Management Modernization Innovation Achievement .

Improving the system functions of the Company's on-site safety management application project for dangerousgoods containers and chemical safety management application project, organizing project promotion and exchangemeetings, and urging relevant units to deploy defense measures based on the actual situations.

Promoting the use of visualization, 3D, VR and other technologies to develop new models of safety education,e?ectively improve the e?ectiveness of safety education, and using technology to ensure the improvement of safetyskills. Exploring intelligent video security monitoring technology and creating an information-based and intelligentplatform with functions such as video monitoring, intelligent warning, and intelligent supervision.

Comprehensively promoting the application of technology and security measures such as high-de?nition videointegrated monitoring systems, electronic programs (procedures), anti-fatigue driving systems, real-time warningsystems for dangerous distances, and intelligent cargo handling in ports, reducing the frequency of on-sitehuman-machine interaction, improving the working environment, and enhancing the intrinsic safety of equipment.

Second Prize of China PortScience and TechnologyProgress Award

Second Prize for National Modernization and InnovationAchievements in Transportation Enterprise Management

Promotion and Exchange Conference on Chemical Safety Management Application Projects

Port-wide Coverage High-de?nition Video Integrated Monitoring System

VR Intelligent Interactive Security EducationIntelligent Video Security Monitoring

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E?ectiveness of Integrity SystemConstruction in 2023

Information constructionsecurity managementInformation operation andmaintenance securitymanagement

Information technologycontrol securitymanagement

Information technologypersonnel securitymanagement

Information securityincident management

It needs to meet the security requirements of the physical layer, network layer, system layer,application layer, and data layer.Establish an operation and maintenance management system that requires asset management,media management, equipment management, exchange management, backup and recoverymanagement, emergency plan management, and other aspects.The Company ensures that personnel engaged in critical positions sign safety agreementsspeci?c to the roles. Regular assessments are conducted to evaluate the safety awareness andskills of employees at various positions, with the results being systematically recorded andpreserved. Additionally, the Company provides safety awareness education, job skill training,and specialized safety technical training to all categories of personnel.E?ective security protection is conducted at the physical environment, communication network,regional boundaries, computing environment, and other levels in the industrial control network.The management of prevention and response to information security incidents provides a frameworkfor preparation before incidents, response during incidents, and post-incident handling.

Integrity System ConstructionIntegrity Building

The Company strictly implements the provisions on integrity construction, insists on promoting integrity constructionin an integrated manner with enterprise development, party building and political work. The Company coordinatesoversight from various parties to thoroughly investigate potential integrity risks in business operations. By focusing onthe root causes, the Company strengthens the construction of a clean and honest party governance and administration,ensuring the healthy development of the company.By the end of 2023, 139 operating points of the Company and the subsidiaries had set up integrity positions.

Cumulatively revised and improved277 systems for preserving integrity and promoting e?ciency,

and formulated and issued the Implementation Measures for Deduction of Remuneration forManagement (Technical) Personnel of the Company's Headquarters Subject to Party Disciplinary andAdministrative Sanctions (Trial).Comprehensively compared200 cases of "common illnesses and stubborn diseases", and focused onrectifying risks and hidden dangers in key areas and key links.The Company established corporate integrity ?les, dynamically examined more than3,900 positions,sorted out nearly15,000 risk points, and established about 2,500 integrity ?les for personnel inkey positions.

Integrity Culture and Education

In 2023, the Company further deepened the role of integrity warning education and organized 1,469 times of educationand training on various related topics throughout the year.

Integrity Education

Various types of integrity education activities covered more than 20,000 employees.

"Cultivating Integrity and Uprightness Through Family Values"

Warning Education Thematic Activity

Talk Show about Integrity

The First Lesson of Integrity Education

Re?ne the noti?cation system for typicaldisciplinary violation cases, issue the "Noti?cationof Typical Cases of Violations and DisciplinaryActions within the Company," and publish 67articles on integrity construction information.

Filming of the ?rst lesson warning educationvideo on integrity education for young employeesand the warning education video on employees'gambling problems to strengthen the warningeducation for university students and front-lineemployees in ports.

The Company and the subordinate units haveopened more than 20 columns of integrityeducation, such as "Qingfeng Xu Lai", "Sunshine -micro-corruption", "Yi - Qingfeng" and so on.Integrity Education Column

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The Company continues to explore the elements of integrity within the "Strong Port Culture" and "Old Dock Spirit ,"focusing on education and prevention, with an emphasis on personnel in key positions. For several years, the Companyhas consistently implemented activities to build a "Clean and Honest Port."In 2023, the Company intensively carried out the "Promoting Governance and Strengthening Accountability with Cases,and Enhancing Through Exemplary Leadership" Clean Port Construction Responsibility Strengthening Year activity. TheCompany continued to expand the integrity culture concept of "Cultivating a Culture of Integrity Together, Pursuing theDream of a Strong Port Together," and actively established 67 clean units.

If the personnel involved in the review and hearing are close relatives of the person being reviewed or the informant,major witnesses, or interested parties, or if there are situations that may a?ect the fair review and hearing, they shallnot participate in the relevant review and hearing work.In the handling of letters and reports, the Company strictly maintains con?dentiality to e?ectively protect the legalrights and interests of those who report and accuse.If the sta? of the discipline inspection and supervision department neglect their duties or engage in malpractice,resulting in the materials of accusations being transferred to the accused, or if the content of letters and visits isleaked causing consequences, they will be subjected to disciplinary actions in accordance with relevant regulations.In the process of accepting visits from whistleblowers, correspondence and inquiries, investigation and evidencecollection, there must be two or more people to participate.No organization or individual may obstruct, suppress, or retaliate against a whistleblower or their close relatives forany reason. Measures such as salary reduction, demotion, transfer, or dismissal are strictly prohibited.

Culture of IntegrityWhistleblower Protection System

The Company's integrity unit culture position (part):

Ningbo Port has established and implemented the "Discipline Inspection and Supervision Letters and Visits ReportingSystem," which speci?es the scope of accepted reports and the procedures for handling them. The discipline inspectiondepartment publishes details such as the scope of accepted reports, mailing address, reception location address,hotline numbers, and the website URL for reporting, enhancing the promotion of the reporting system. This guidesemployees and the public to report through letters, visits, telephone calls, and online submissions, ensuring thatreports are made legally, orderly, and truthfully.

Reporting Mechanism

In 2023, the Company continued to intensively carry out the state-owned enterprise anti-corruption initiative "FullCoverage, No Blind Spots, Zero Tolerance," implementing ?ve major actions. These e?orts aim to prevent corruptionfrom the source, ensure comprehensive integrity among leaders at all levels, management personnel, and frontlineemployees, and solidly advance the construction of a clean port.

Anti-Corruption and Integrity "No Blind Spot" Construction

Company reporting channels

Reporting Phone: 0574-27695272Reporting Email: JIWEI@nbport.com.cn

Furtherimprovement ofideologicaleducation

Further enhancethe implementationof responsibilities

Further improvementin supervision and inspection

Further enhancedisciplinaryaccountability

Furtherimprovementof teambuilding

5 Actions

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Sort out the "Five Lists of Responsibilities" for the "Top Leader" and the leadership team, intensify thetransmission of responsibilities, and establish three lists of power and responsibility risks for units,departments, and positions;Conduct unannounced inspections and surprise inspections through the "four no-direct" approach,and seriously implement the recti?cation work of the "four winds" during important time nodes such asfestivals;Establish a mechanism of exchange between members of the Discipline Inspection Committee of theCompany and grass-roots Party branches;Conduct a comprehensive review of the identi?ed issues, establish a veri?cation ledger for key issueclues, and actively implement special recti?cation;Strengthening the "Four Ones" for the construction of a clean culture in state-owned enterprises in the newera. (Organize and conduct one clean lesson for branch secretaries, watch one warning education ?lm, visitone warning education base, conduct one typical case discussion, and implement one clean culture activity)

Several Key Tasks

Integrity Building Responsibility Statement

The "Four Ones" Integrity Culture Building Activities

Statement of Commitment to Integrity

Business Ethics

The Company does not engage in any form of monopolistic behavior in the business operations, including price monopolies,market segmentation, or restricting competition. The Company ?rmly opposes any actions that violate business ethics, suchas monopolies, money laundering, and commercial bribery. The Company also stands against all forms of unfair competi-tion, including but not limited to false advertising, commercial bribery, and infringement of intellectual property rights.Through the establishment of comprehensive internal control mechanisms, the Company ensures that its business activitiesare legal and compliant, and it eliminates any occurrence of money laundering. A Discipline Inspection Committee is speci?-cally responsible for the formulation and implementation of anti-corruption policies. The Company continually conductsinternal audits and risk assessments related to anti-corruption, managing and supervising the compliance of employeebehaviors.

The Company conducts anti-corruption, anti-bribery, and business ethics education and publicity forall employeeswith100% coverage.In 2023, the total number of anti-corruption training hours reached25,066 hours.

Enhance the awareness of business ethics among all employees, cultivate a strong anti-corruption culture with in theCompany, and comprehensively strengthen the defenses for compliance and integrity.During the reporting period, the Company did not have any major litigation cases involving corruption or unfaircompetition.

The "Four Ones" Integrity Culture Building Activities

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The Company conducts compliance risk level categoriza-tion management for supplier cooperation and requiressuppliers corresponding to the risk level to sign the Integri-ty Pact and the Compliance Commitment Letter, clearlyagreeing on the default liability to be borne by violatingsuch pact or commitment.To strengthen the compliance management of suppliers, Ningbo Port has formulated and issued the "Regulations onCompliance Management of Business Partners", "Supplier Management Measures" and other systematic documents. Thesedocuments strictly regulate supplier management, optimize procurement costs, enhance operational e?ciency, andpromote integrity and self-discipline. The Company pays attention to suppliers' certi?cations in ISO environmental, occupa-tional health and safety, and information security systems. Additionally, suppliers' performance in ESG areas such as environ-ment, social, and labor rights is included as one of the criteria for supplier evaluation and assessment, ensuring that supplierscontinuously meet the Company’s requirements for quality, delivery schedules, environmental protection, and socialresponsibility.The Company's daily management of suppliers is mainly divided into the bidding stage and the ful?llment stage. During thebidding stage, the Company manages and warns the bidding behavior of suppliers through the e-tendering and procurementplatform and the disciplinary inspection warning cockpit.

Through internal system investigation, public information inquiry, requesting suppliers to provide relevantquali?cations and supporting documents on their own initiative, and on-site inspection, the Companyconducts general credit investigation on business partners to review and understand the necessary credit-worthiness and performance ability related to cooperation and the ful?llment of key compliance obligations.Based on the results of the general credit investigation, if there are signi?cant risk warning signals or othermajor issues of doubt, the business partner will be further investigated for the more comprehensive credit-worthiness and performance capacity, and if necessary, external professional organizations can becommissioned to conduct in-depth due diligence investigations in accordance with the law.

Supplier Compliance Management

Supplier OverviewSupplier Surveys

Supplier Management

Focusing on the ful?llment status of suppliers:

Product and ServiceCompliance

Paying Taxes inAccordance with the Law

Fair and Honest

Transactions

Other Compliance

Obligations

Production SafetyEnvironmental ProtectionLegal Employment

Ningbo Port and the subsidiaries conduct surveys on the creditworthiness and performance capability of business partners inaccordance with the following requirements:

General creditinvestigation

Comprehensivecreditinvestigation

Integrity PactCompliance Commitment

LetterDuring the collaboration process with suppliers, the Company implements dynamic assessment management andcategorizes suppliers into four grades—A, B, C, and D—based on the assessment results. These classi?cations serve asa crucial basis for subsequent collaborations and are also recorded in the compliance management archives. Concur-rently, the Company establishes a negative list for supplier compliance management, providing robust support forbusiness operations.

Supplier Appraisal and Evaluation

The Company regularly invites supplier representatives to participate in meetings related to compliance, disciplineinspection, and supervision. These meetings help suppliers understand the Company’s compliance philosophy andmanagement requirements. Additionally, the Company appoints some supplier representatives as special supervisoryo?cers for the Company’s discipline inspection and supervision activities.

The total number of suppliers of the Company amounted to13,036, of which 99% were suppliersfrom Mainland China;During the reporting period, the Company's purchasing amount from local (Zhejiang Province) suppliersaccounted for66%.

Supplier Training and Communication

Supplier Risk Management

Supplier Dynamic Assessment ContentPriceQualityDelivery timeServiceReputation

As at the end of thereporting period

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Ningbo Port always adheres to the ecological and environmental protection concept of "green waters and greenmountains are golden and silver mountains", strictly implements relevant national environmental protection laws andregulations, and adheres to the development principle of "Ecology First, Green and Low-Carbon", aiming to create agreen and environmental-friendly port with high standards. The Company continuously strives to reduce the impact ofthe operations and business on the ecological environment and natural resources.

In accordance with the requirements of national environmental protection laws and regulations, the Company hasformulated and issued regulations such as the "Ecological Environment Protection Management Regulations","Environmental Incident Investigation and Handling Regulations", and "Assessment Methods for Environmental TargetResponsibility System". Based on factors such as production scale, production operation type, and pollution controlcategory, the Company has established control standards for pollutants such as hazardous waste, wastewater, anddust, clarifying operational procedures and management requirements for pollutants to ensure the institutionalization,standardization, and regularity of environmental protection work.

Based on the principle of "party and government sharing responsibility, dual responsibility for one position" forenvironmental protection, the Company has formulated ecological environmental responsibility systems at all levels.The Company has formulated and signed target responsibility agreements for ecological and environmentalprotection, clearly de?ning the responsibilities for ecological and environmental protection at each hierarchical leveland position, and continuously improving the comprehensive ecological and environmental responsibility system forall employees.

Environmental Protection

Environmental ComplianceEstablishing Environmental Management Systems

The Company has established an environmental emergency management institution, clari?ed responsibilities,formulated emergency plans for sudden environmental incidents. The Company regularly conducts emergency drills,ensures su?cient emergency supplies are available, and standardizes the management of emergency supplies storageand retrieval. Additionally, the Company has formed a Ningbo Port Area Ship Pollution Marine Joint Defense System tostrengthen regional joint prevention and control e?orts.The Company invited third-party environmental experts to conduct regular environmental training, enhancing themanagement level of environmental personnel through the exchange, discussion, and analysis of typicalenvironmental cases. The Company also organized activities to commemorate "World Environment Day" on June 5thto raise employees' awareness of ecological environmental protection.

To strengthen ecological protection and pollutioncontrol, and to support the high-quality development of"Dual First-class" ports, the Company has established anenvironmental management system based on ISO 14001standards. This system integrates pollution preventionand control measures with production operations,e?ectively manages environmental factors duringoperations, and establishes a comprehensive system forecological environmental protection.

Established Environmental Emergency Management System

Established Environmental Publicity and Education Mechanism

Establishing Environmental Responsibility Systems

Ecological Environmental Protection Target Responsibility Agreement

Environmental Training

World Environment Day Awareness Campaign

By the end of the reporting period

A total of10 companies have obtained ISO 14001environmental management system certi?cation.

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In FY2023

In FY2023

By the end of the reporting period

Ningbo Port primarily utilizes municipal water for the operations, and the generated domestic wastewater is treated bymunicipal sewage treatment plants through the municipal sewage pipeline system. The operational areas of theCompany are not located in regions where water resources are scarce, thus mitigating any stress on local waterresources. Recognizing the increasing global water scarcity, we are aware of the importance of water conservation. Weactively respond to national and local water-saving policies, implement e?ective water-saving measures, reduce waterconsumption in our operational activities, promote water reuse, and raise employee awareness of water conservation.

To improve the air quality in the port area, the Companyconducts continuous monitoring and takes appropriatemeasures to control air pollution. The Companystrengthens the collection, treatment, and monitoring oforganic waste gas emissions from crude oil and liquidchemical terminals. Operating units for crude oil, re?nedoil, and liquid chemical products, as well as a?liated gasstations and gas stations, implement measures for therecovery and treatment of organic waste gases to avoidor minimize direct emissions into the atmosphere. Bulkcargo handling units such as coal and ore are equippedwith dust removal and dust prevention devices, includingspray dust removal systems, dust screens, and fogsprayers, to fully control and prevent dust generatedduring production operations.

The Company adheres to standards such as the "Comprehensive Emission Standards for Water Pollutants(GB8978-1996) and the "Water Quality Standards for Discharge into Urban Sewers " (GB/T31962-2015) to managewastewater. The Company ensures that the discharge outlets, discharge volumes, and various pollutant indicators ofwastewater discharge comply with the requirements of the pollutant discharge permits. The Company also developsmonitoring plans and commissions third-party testing companies to regularly sample and test.Additionally, the Company attaches great importance towastewater treatment and reuse. The Company willcontinue to advance the "zero direct discharge ofwastewater" initiative, solidly promote the coordinatedadvancement of port wastewater treatment andrecycling, and reduce and control the environmentalimpacts of wastewater.

Water Resource Management

Management of Emission, Waste, and Wastewater

Emission (Exhaust) Management

Wastewater Management

Ningbo Port's fresh water intake was 4,852,376 tons,while the recycled water usage was2,548,723 tons,accounting for 34.4% of total water usage.The water intensity was 284.7 tons per RMB million revenue.

Ningbo Port originated from the emissions of sulfur oxides (SOX), nitrogen oxides (NOX), and particulate matterresulting from the use of fuels in ships, vehicles, and handling equipment, amounted to3,660.6 tons,11,011.0 tons, and 7,000.4 tons, respectively.

Organic Waste Gas Treatment Facilities

Dust Removal and Dust Prevention Equipment

The Company has constructed a total of 74 setsof wastewater treatment and reuse systems.

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The port area is equipped with facilities for collectingand treating domestic sewage, industrial wastewater,and oil-contaminated water. After meeting thestandards, the treated wastewater is reused ordischarged into sewers, and parameters such as COD(chemical oxygen demand), BOD (biochemical oxygendemand), and ammonia nitrogen are regularlymonitored in the wastewater.

Dedicated wastewater collection and treatmentfacilities are installed at the specialized bulk cargoterminal and chemical terminal. After treatment,wastewater such as dust-laden water and chemicalwastewater meets standards and is reused.

Oil-contaminated water collection and treatmentfacilities are arranged in the equipment maintenancearea. After meeting the standards, the treated water iseither integrated with domestic sewage for disposalor reused.

Supporting facilities for the reception of shippollutants are improved. Active reception of shipdomestic garbage and sewage is conducted, andship oil-contaminated water is handled by thirdparties commissioned by the shipowners.

Ningbo Port's Wastewater Discharge

Solid Waste and Hazardous Waste Management

Requirements for Wastewater Management

In FY2023The Company achieved a comprehensive utilization rate of 79.4% forgeneral waste and

78.5% for hazardous waste.

Hazardous Waste Special Inspection

Chemical Oxygen Demand (COD)EmissionsTotal Nitrogen (TN) EmissionsTotal Phosphorus (TP) EmissionsAmmonia Nitrogen (NH3-N)EmissionsTotal Discharge Volume- Volume of Domestic Sewage

Discharge- Volume of Industrial Wastewater

Discharge

TonsTonsTonsTonsTonsTonsTons

18.9

0.7

0.2

2.4

1,596,4941,541,81054,684

Wastewater Pollutants andWastewater Categories

Units FY2023

The Company attaches great importance to the standardizedmanagement of hazardous waste, incorporating it into routinesupervision and inspection. The Company entrusts quali?edentities with appropriate processing capabilities to handle thereception and disposal of hazardous waste, comprehensivelystrengthening supervision throughout the entire process. Inaccordance with relevant national laws and regulations, theCompany has formulated the "Standard for Management ofHazardous Waste Storage," specifying requirements such asthe construction of hazardous waste storage facilities, settingup of identi?cation signs, emergency management, and ledgermanagement. Specialized training sessions on standardizedmanagement of hazardous waste are regularly conducted, andthe "General Solid Waste Management Measures" have beenestablished, with household garbage being stored atdesignated locations after classi?cation. E?orts are made toreduce waste generation at the source, with timely monitoringand recording of waste generation, and emphasis placed onthe reuse of waste materials.

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To mitigate the impact of noise on surrounding communities and employee working environments, Ningbo Portconducts regular monitoring on noise pollution levels. E?ective measures are promptly implemented to controlsources of noise pollution when noise exceeds permissible levels. The Company mandates that project designs complywith relevant requirements for sound environmental quality. In production and construction, priority is given toselecting processes and equipment with lower noise levels. Measures such as sound absorption and isolation areimplemented when operations are close to noise-sensitive areas.

During loading and unloading operations, handlingshould be done gently to reduce additional noisegenerated by height di?erentials.Transport areas should have smooth road surfaces tominimize noise from vehicle vibrations. Horn usage bymotor vehicles within the premises should be restrictedto reduce noise sources.Regular inspections of mechanical equipment should beconducted to minimize noise generated by abnormaloperations. Measures such as installing soundproofcovers for lifting motors should be implemented.Third-party organizations are commissioned to conductregular noise monitoring to understand noise pollutionlevels. E?ective measures are promptly taken to controlsources of noise pollution when noise exceeds permissiblelevels.

Noise Management

Requirements for Noise Management

Noise Monitoring

Equipment Soundproof Enclosures

Ningbo Port's General Waste Discharge

Ningbo Port’s Hazardous Waste Discharge

Total Quantity of GeneralWasteGeneral Waste DischargeIntensity-Transfer and DisposalPreparation for ReuseRecyclingOther Recycling Operations-Direct DisposalIncineration (energy recovery)Incineration (no energyrecovery)Land?llOther Disposal Operations

Total Quantity of HazardousWasteHazardous Waste DischargeIntensity-Transfer and DisposalPreparation for ReuseRecyclingOther Recycling Operations-Direct DisposalIncineration (energy recovery)Incineration (no energyrecovery)Land?llOther Disposal Operations

TonsTons per HundredRMB Million Revenue

Tons

Tons

Tons

Tons

Tons

Tons

Tons

Tons

Tons

26,629

1.0

21,138

4,04117,0665,4911,791

3,700

TonsTons per HundredRMB Million Revenue

Tons

Tons

Tons

Tons

Tons

Tons

Tons

Tons

Tons

1,436

0.1

1,127

General WasteUnits FY2023

Hazardous Waste Units FY2023

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Environmental Monitoring Data Platform

Dust Online Monitoring Intelligent Control SystemBallast Water Reception and Treatment Facilities

Releasing Fish Fry and Crab Seedlings

Ningbo Port places high importance on the conservation of biodiversity and actively takes reasonable measures tominimize the impact of the operations on neighboring communities and marine ecosystems. The Company iscommitted to creating a green ecological port that harmonizes with nature.During port construction projects, the Company adheres to strict ecological conservation principles. For areas sensitiveto the ecosystem, cautious measures are taken to ensure minimal disturbance. During periods when marine organismsare spawning, e?orts are made to avoid construction activities to prevent disruption to their normal reproductioncycles. Additionally, to protect local biodiversity and maintain ?shery resources, the Company strictly adheres to therequirements of the Ministry of Environmental Protection and marine ?sheries. This includes implementingappropriate measures for restocking, such as releasing ?sh fry and crab seedlings or paying marine compensation fees.

Ningbo Port is committed to preventing the disruption ofecological balance in the port and adjacent waters causedby the abnormal migration of marine organisms. E?orts aremade to minimize the pollution of the marine environmentby ballast water from ships. The Company has strictregulations for the discharge of ballast water, and allarriving or docked vessels must strictly adhere to relevantemission requirements. This includes treating ballast waterto neutralize its harmful e?ects before discharge. We arededicated to ensuring minimal impact on the marineenvironment during port operations and continuouslyimproving environmental protection measures to achievesustainable development.

To establish a sound mechanism for responding to sudden environmental pollution incidents, Ningbo Port has revisedthe "Environmental Emergency Plan" in accordance with relevant national laws and regulations. This plan clearlyoutlines the emergency command structure, responsibilities, response procedures, and support measures. Therevision was completed in October 2023.

The Company actively conducts researchand development of environmental protection technologies, introduces advanced environmental protection equipment, anddevelops and constructs a comprehensiveport environmental management system.This system enables real-time monitoringof the environmental quality of the portarea. Moreover, the Company strengthensthe application of intelligent control technologies such as multi-dimensional dust detection and intelligent linkage control. Usinginstruments such as laser radar, beta-raydust monitors, and light scattering dust detectors, the Company monitors dust levels in the port area in real-time and links withintelligent spray systems for targeted andquantitative dust suppression.

Biodiversity Conservation

Environmental Emergency Plan:

Environmental Investment:

Research and Application of Environmental Protection Technology

The Company continuously increases the investment in ecological environmental protection and pollutioncontrol. The Company actively promotes the implementation of standardized environmentalprotection construction and continuously optimizes the operation of pollution treatment facilities forexhaust gases, wastewater, hazardous waste, and other pollutants. A cumulative investment of RMB

510.6 million was made in FY2023.

Environmental Protection Measures

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Photovoltaic, wind power, and other clean energy equipmen

Ningbo Port fully implements the spirit of the 20th National Congress of the Communist Party of China, vigorouslypromotes ecological civilization construction, and aligns with the national strategies for carbon peaking and carbonneutrality in response to climate change. Gradually, in accordance with the requirements for climate-relateddisclosures, the company evaluates climate-related risks and opportunities across four domains: governance, strategy,risk management, and metrics and targets. The Company is committed to e?ectively managing climate-related risks,driving the low-carbon transformation of the operations, seizing climate-related opportunities, and advancing theconstruction of a world-class strong port.

To improve the climate change governance system, the Company integrates climate change management withproduction and operation management. The Company enhances relevant management systems and standardizesstandards, appoints dedicated sta?, formulates plans to address climate change, and deploys tasks related to carbonpeaking.The Board of Directors assumes overall responsibility for climate change-related work, incorporating climate changeissues into the Company's overall development strategy. The ESG committee reviews the Company's climatechange-related strategies and goals, assesses climate change-related risks and opportunities, examines climatechange-related performance and indicators, and regularly reports to the board of directors.To e?ectively address climate-related risks and opportunities, the Company establishes a target responsibilityevaluation and assessment system to strengthen supervision and inspection of energy-saving tasks. The Companyimplements a veto system for energy-saving and carbon reduction targets and a strict accountability system for keyleaders, ensuring the implementation of tasks and responsibilities and the implementation of green developmentplans to promote the Company's green and low-carbon development.

With a focus on clean and low-carbon development, the Company optimizes port energy structure and operationalprocesses, increases the application of green energy, upgrades green equipment, and promotes energy-saving andemission-reduction technology transformation. The Company constructs a clean and low-carbon port energy system,integrating the concept of green and low-carbon development into the entire process of port planning, construction,and operation. Emphasizing innovation and technological empowerment, the Company promotes the adoption ofenergy intelligent management systems, realizing the transformation of development models toward green andlow-carbon development. The Company hopes to work hand in hand with all stakeholders to address the challenges ofclimate change and achieve sustainable development of the environment and society.

Impact of Climate Change-Related Risks and Opportunities on the Business, Strategy, and Financial Planning ofNingbo Port

Ningbo Port's Governance of Climate Change-Related Risks and OpportunitiesKey Environmental Protection ProjectsThe Company actively assumes main responsibility for environmental protection, increases environmental protectioninvestment, and actively promotes the construction of key environmental protection projects.Key Project ExamplesThe Company takes proactive steps in constructing provincial port environmental air automatic monitoring stations.Approximately RMB 17 million has been invested in establishing environmental air automatic monitoring stations inports such as Ningbo, Zhoushan, Jiaxing, Wenzhou, and Taizhou.

GovernanceStrategy

RiskManagement

Metricsand Targets

Energy Conservation, Emission Reduction,and "Dual Carbon" Goals Addressing Climate Change

Governance

RiskManagement

Metricsand TargetsStrategy

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Ningbo Port identi?es, Evaluates, and Manages Climate-related Risks and Opportunities.

Policy and Legal Risks

Market Risks

Case Meishan Port Area Low-Carbon Terminal ? Reducing Emissions by 22,600 Tons

Facilitating the adoption of clean energy-powered machinery for port operations, utilizing clean energy-poweredtransportation equipment, and gradually advancing energy-saving transformations for port operation equipment.

E?orts are being made to strengthen smart logistics construction, advance the informatization, intelligence, andgridization of port logistics services, promote the construction of port logistics centers, and transition fromtransport ports and industrial ports to smart logistics ports.

Accelerating the construction of photovoltaic power generation facilities within the port and shore powerfacilities at docks, Ningbo Port is actively promoting research on renewable energy projects and conductingengineering pilot demonstrations. By the end of 2023, the Company has achieved full coverage of berths thatpermit the construction of shore power facilities, excluding lique?ed chemical berths, as well as professionalcontainer terminals and bulk cargo terminals of over 50,000 tons.

The Company actively addresses the potential impacts of climate change by identifying and assessing physical risks,transitional risks, and opportunities associated with climate change.

Uncertainty of market signalsIncreased costs of raw materials(such as energy, fuel, etc.)

Increase in costs due to risingprices of raw materials

Strict compliance withenvironmental laws and regulationsin the operating areaRegular collection and updating ofrelevant environmental laws andregulations to ensure complianceIncrease in port greening rate tostrengthen the carbon sequestrationcapacity of ecosystems

Emergency response plansfor extreme weather eventsFlood and tide preventiondrills

Mandatory disclosure of climatechange-related informationGovernment implementation ofstricter emission reductionpolicies and regulationsCarbon pricing mechanismLitigation risks

Increased costs of greenhousegas emissions

Decrease in revenue due tothe impact on port businessoperationsIncreased costs for repairingand maintaining terminals,waterways, and otherinfrastructure damagesIncreased costs due toheightened health and safetyrisks for employeesRise in insurance

Extreme Weather: Hurricanes,Floods, Droughts, Hailstorms,etc.

Raising sea levelChanges in rainfallPersistent high temperatures

Acute

Chronic

Optimization of energy e?ciency inport facilities and equipment, as wellas increasing the scope andproportion of clean energy useOptimization of logistics and supplychain management to accelerate theformation of a low-carbontransportation structure

E?orts are being intensi?ed to construct smart ports and promote the widespread adoption of energy intelligentmanagement and monitoring systems. This enables real-time monitoring of water, electricity, fuel, and otherenergy consumption. Pilot demonstrations of renewable energy storage projects are also being carried out.

This includes establishing a carbon emission statistical monitoring system, actively participating in the revision ofnational, industry, and local standards and systems related to carbon emission reduction, and exploring researchon carbon emission trading standards.

Upon completion, the annual clean energy generation capacity of the project is expected to reach approximately

59.17

million kilowatt-hours, enabling an annual clean electricity consumption of 34.53 million kilowatt-hours inthe Meishan Port area. This will result in savings of approximately RMB 5.2 million in energy costs and areduction of approximately 22,600 tons of carbon dioxide emissions.

In October 2023, the Meishan Low-Carbon Terminaldemonstration project commenced construction at theNingbo Meixi Roll-on/Roll-o? Terminal. This project isthe ?rst in Zhejiang Province to integrate dispersedwind power, photovoltaics, energy storage, andmicrogrids in a port setting. Aimed at achieving"cleaning at the source, electri?cation at the end,intelligent regulation, and piloting a fully interactivesource-grid-load-storage market mechanism," theproject includes the construction of wind power,photovoltaic, energy storage, and energy managementsystems, among other components.

Governance

Metricsand TargetsStrategy

RiskManagement

Establishing a Sound Low-Carbon Transformation Guarantee System

Driving Optimization of Energy Structure and Equipment Upgrades

Advancing Green and Low-Carbon Infrastructure Construction and Operation

Constructing a Low-Carbon Transportation Structure

Strengthening Technological Innovation Leadership Support

Type Climate ChangePotential Financial ImpactsResponse Measure

Physic Risk

Transition RiskIncreased costs of compliance

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Energy Management

Energy Usage

Direct Energy

Indirect Energy

DieselFuel oilGasolineLique?ed natural gas

(LNG)Natural gasPurchased electricityPurchased steamTotal energy consumptionEnergy consumption intensity

LitersLitersLitersTons

mMWh

GJMWhMWh/RMB millionrevenue

1,150,538.1138,274,275.51,536,361.4

986.4

375,663.0784,716.4

424.4

3,387,245.4

130.3

Taicang Wugang Awarded the Four-star "China Green Port" Certi?cation.

Beier Terminal and Taicang Wugang Was Shortlisted

for the Asia-Paci?c Port Green Award Program.

Ningbo Port has formulated a series of speci?c energy measurement operation guidelines, including the"Measurement Management Measures", to standardize overall energy consumption accounting standards andmethods. Through the intelligent energy management system, energy consumption is detailed into variousoperational links, and the energy consumption situation of each production post is periodically evaluated to establishan assessment mechanism to ensure the e?ective achievement of annual energy conservation targets.

Green Port ConstructionNingbo Port aligning with the national dual-carbon targets, has formulated emission reduction strategies and actionplans. The Company continuously explores avenues to enhance the digitalization level, optimize energy structure,promote the upgrade and use of shore power for ships, among other measures, gradually advancing the integration ofport green transformation with corporate strategic development. This comprehensive approach aims to achievehigh-quality carbon neutrality goals.By the end of the reporting period, we have a total of ?ve ports awarded the four-star "China Green Port" designation(Beiyi Terminal, Beier Terminal, Beisan Terminal, Taicang Wugang, and Shulanghu Company). Beier Terminaland Taicang Wugang have been shortlisted for the Asia-Paci?c Port Green Awards Program by the Asia-Paci?cPorts Association (GPAS).

The Company maintains a leading position nationwidein the scale of LNG trucks. As of the end of the reportingperiod, the Company owned a total of 592 LNG trucksand 288 electric trucks, with the proportion of cleanenergy trucks reaching 47.9%.During the reporting period, the Company achievedsigni?cant progress in the application of power batterieson fully revolving tugboats. A 5,000-horsepower hybridtugboat equipped with approximately 2,100 kWhbatteries was completed and put into operation inDecember of the reporting year.In the future, the Company will cease the procurement of traditional fossil fuel trucks and continue to increaseinvestment in clean energy transportation tools to reduce carbon emissions from transportation.

In 2023, the Company issued annual energy consumption targets and characteristic indicators for various units, as wellas annual plans for energy conservation and carbon peaking. It also determined energy-saving and emission reductionprojects for grassroots companies based on the annual energy consumption targets. According to the Company'sdesignated energy consumption targets, re?nement and decomposition are conducted at each level. Currently, theCompany's self-owned ETMS energy management system includes energy consumption management for 22grassroots companies and carbon emission management for 26 grassroots companies.

Energy Type Units FY2023

Clean Energy Usage

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The Company continuously explores innovative applicationsof clean energy and actively participates in the nationalkey R&D project "Demonstration of WaterbornePort-Multi-Energy Integration Technology and IntegratedApplication." In this project, photovoltaic sub-projectsare constructed on the roofs of three warehouses in theChuanshan Port Area, reducing carbon emissions by2,016 tons annually.The project adopts a "deep learning-based network attack detection method" to ensure the stable operation ofthe network system and utilizes red modules with ultra-thin tunneling layers and high battery e?ciency to furtherimprove power generation performance. Currently, photovoltaic power generation can meet all the electricitydemand of the comprehensive building in the port area, and plans are underway to connect to a multi-energyfusion power grid integrating "wind, solar, storage, and hydrogen" to accelerate the realization of the port area's"carbon peak" goal.

In 2023, the Company made e?ective e?orts to promote green o?ce practices, adhering to the principles of energyconservation and environmental protection.During summer, indoor air conditioning temperature is maintained at no lower than 26°C, while in winter, it is keptno higher than 20°C.Electric devices such as lighting and computers are promptly turned o? after work hours.Energy-saving travel slogans are posted in the corridors, encouraging employees to walk instead of using elevatorsfor distances of up to three ?oors.Nationwide energy-saving publicity campaigns are conducted, such as the "Green Classroom" lecture organized byMeidong Company. During the event, the video views exceeded 8,600, and over 4,500 people participated in greenand low-carbon quiz activities.

Strengthening uni?ed management of o?cial vehicles by developing and implementing an o?cial vehiclemanagement system. This system facilitates comprehensive online management of vehicle maintenance andrepairs, dynamic data queries, and the e?cient allocation of vehicles. Encouraging carpooling to increase vehicleutilization e?ciency and reduce exhaust emissions.

Encouraging the purchase of new energy vehicles for o?cial use.Demonstrating the e?ectiveness of smart energy managementservices, wherein Xingang Property, a subsidiary, implementsenergy-saving and carbon-reducing measures such as establishingan Internet of Things smart platform and applying micro-hydropower generation technology. This initiative saves annualenergy costs of RMB 440,000 for property owners and achievesa total carbon reduction of nearly 2,000 tons, earning the titleof "Zhoushan City Public Institution Green Low-carbonEducation Base."Thoroughly implementing the paperless concept by utilizing the OA o?ce system, email, and other channels fordocument circulation and approval.Promoting the online digitization of legal information systems in the Company and the grassroots units, digitizingthe entire process of contract drafting, approval, signing, and execution.

In the management of o?ce supplies, replacing solvent-based products such as glue with paper clips and staples;requiring double-sided printing and careful proofreading for printed materials to reduce printing frequency;recycling waste paper and envelopes; phasing out the use of disposable paper cups to reduce single-use waste.

Enhancing the re?nement of green management by appointing dedicated personnel and improving maintenancequality. There are over 1,400 potted plants on the o?ce ?oors, contributing to the continuous improvement of theworking environment.Conducting tree planting activities in units such as Wenzhou Port Group, Iron Division, Meidong Company, andInternational Logistics. The environmental awareness of employees continues to strengthen.

Actively using the archive system to digitizenon-con?dential archives for electronic borrowing,signi?cantly reducing the use of paper documents.Promoting the use of tablet devices and videoconferencing in Company meetings, graduallytransitioning daily meetings at the headquartersand its subordinate grassroots units to a paperlessformat.

Case Injecting "Green Energy" into Chuanshan Port Area

Implementation of Green Environmental Protection Concepts

Continuously Promoting Energy Conservation and Emission Reduction

Promoting Paperless O?ce

Optimizing and Beautifying the O?ce Environment

Green O?ce

Ningbo Port initiated the Ship High Voltage Shore Power project in 2015 and cooperated with the State Grid NingboPower Supply Company to build the ?rst domestic high-voltage variable frequency shore power project, which waso?cially put into use in 2016. The project was listed by the Ministry of Transport as one of the ?rst batch ofdemonstration projects for shore power energy substitution in ports.

Ningbo Port fully utilizes information technology and digital technology to actively promote the construction of apaperless platform, reducing paper resource usage to the maximum extent while improving quality and e?ciency,demonstrating commitment to green development through practical actions.

During the reporting period, Ningbo Port's comprehensive digitalelectronic invoice service platform was o?cially launched. Thisplatform enables uni?ed issuance of digital special invoices anddigital general invoices, and synchronously launches electronicsignatures and electronic bills. The platform shortens the invoiceprocessing speed to the second level, e?ectively improves thee?ciency of customer bill audits, shortens the settlement cycle,and reduces consumable costs.

In March 2023, EasyPort successfully developed andlaunched the Port Internal Wheeled Machinery LicensingManagement System, providing online full-process servicesfor machinery license application to various units withinthe Ningbo Port area. This system truly realizes a one-stopservice that allows "data to travel more and managementpersonnel to travel less," signi?cantly reducing the use ofpaper materials during the application process.

The Company utilizes green and low-carbondigitalization technology to enhance energymanagement capabilities, optimize energystructures, and achieve energy conservationand e?ciency. By building a comprehensivesmart energy management system across theport area, each port area realizes real-timemonitoring of major energy consumptionprocesses, visualized data analysis, and re?nedenergy-saving management. This systempromptly identi?es operational areas withabnormal energy consumption and conductsremote inspections, thereby supporting theconstruction of green ports.

During the reporting period, the high-voltage shore power at Daxie Terminal was o?cially put into operation, achievingfull coverage and utilization of high and low-voltage shore power in the container terminal area of Ningbo-ZhoushanPort. Taicang Wugang achieved full coverage of high and low-voltage shore power facilities at the terminal and fullcoverage of low-voltage shore power for two-way vessel berthing operations, successfully implementing high-voltageshore power connection, achieving a "zero breakthrough" in high-voltage shore power for vessels in the Yangtze Riverarea. The single ship power supply of the shore power system at Ningbo-Zhoushan Port set a record for the largest singleship power supply in China.

Smart Low-carbon

Ningbo Port's Comprehensive Digital Electronic Invoice Service Platform

Port Internal Wheeled Machinery Licensing Management System

Shore Power Construction

Paperless Platform

Low-carbon Digitalization

The "Baohang 58" vessel at Berth 1 of Taicang Wugang Terminal successfully connected to high-voltage shore power.

The High-voltage Shore Power at Daxie Terminal Was

O?cially Put into Operation.

Comprehensive Smart Energy Management System Across the Port Area

Ningbo Port has built 296 sets of shore power facilities, achieving full coverage of container terminals and dry

bulk cargo terminals with a capacity of over50,000 tons. The annual number of ships connected to power exceeds

11,000, making it the port with the most shore power connection points, the widest distribution, the

highest number of ships connected to power, and the best utilization e?ect in the country.

By the end of the reporting period

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During the reporting period, the Company participated in the establishment of the Jinhua-Ningbo Zhoushan Port Jinyi"Sixth Port Area" Central Zhejiang Operating Platform Company. This venture will jointly operate sea-rail intermodaltransport, China-Europe Railway Express, and other services. This aims to boost the construction of the East ChinaInternational Multimodal Transport Hub Port, continually enhance the westward logistics capacity of theYiwu-Ningbo-Zhoushan Grand Canal, and accelerate the comprehensive implementation of the Ningbo Port Jinyi"Sixth Port Area" construction.

In December 2023, the nation's ?rst "double-deckerhigh container" railway, the Ningbo-Jinhua Railway,o?cially commenced operations. This railway establishesa "direct connection" between the Ningbo Port andYiwu, known as the world's small commodities capital,further opening up an "exit" channel to the central andwestern inland regions. The temporal and spatiallinkage between the "Silk Road Economic Belt" and the"21st Century Maritime Silk Road" has become evenmore closely integrated.

2023 marks the tenth anniversary of the proposal of the "Belt and Road" initiative. Ningbo Port has always beencommitted to serving the construction of the "Belt and Road," continuously leveraging the open port and the integratedadvantages of Zhejiang's maritime ports. Aiming to become the optimal nexus for the "Belt and Road," the Companyhas made signi?cant progress in its shipping route network layout.The proportion of "Belt and Road" routes within the Company's total shipping routes has continuously increased,especially towards Southeast Asia. These routes now extensively cover major Southeast Asian countries includingVietnam, Thailand, Myanmar, Malaysia, Indonesia, Singapore, the Philippines, and Cambodia.Simultaneously, the Company has focused comprehensively on second-tier ports along the "Belt and Road" that havefavorable port-building conditions in emerging economies. In collaboration with investment enterprises, the Companyhas actively pursued international market expansion through the "going global" strategy. Leveraging the advantages ofthe home port's main business, the Company has achieved breakthroughs in the layout of overseas investmentprojects.

- FY2013:

73 routes- FY2023:

130 routes

- FY2013:

3,654 ?ights

- FY2023:

5,592 ?ights

- FY2013:

7.53 million TEUs

- FY2023: Over14 million TEUs

Supporting the "Belt and Road" Initiative

"Belt and Road" Container Transportation Business

Expanding Globally Around the "Belt and Road"

Case Central Zhejiang Operating Platform Company

Case The O?cial Launch of the Ningbo-Jinhua Railway

The Ningbo Port achieved a container throughput of

35.3 million TEUs, marking a year-on-year increase

of

5.8%. The Company's container throughput reached 43.17 million TEUs, with a year-on-year

growth of6%. The total number of container shipping routes in the port reached 302, including250 international trade routes. The "Belt and Road" routes accounted for 130 of these, with anaddition of10 routes compared to FY2022.

In FY2023

"Belt and Road"Shipping Routes

Annual "Belt and Road"Flight Numbers

Annual "Belt and Road"

Container Volume

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During the reporting period, Zhejiang Seaport Cloud Warehouse (Dubai) Supply Chain Management Co., Ltd.commenced operations successfully, o?cially launching its Dubai-end export agency business. Located in thelargest free-trade zone in the Middle East—Jebel Ali Free Zone—adjacent to Jebel Ali Port, the largestinternational transshipment port in the Middle East, the Company provides one-stop comprehensive logisticsservices. Leveraging the port advantages of Ningbo Port and the geographical bene?ts of the Jebel Ali Free Zone,it vigorously develops international transshipment consolidation and end-to-end logistics services, furtherenhancing the cargo soliciting capabilities of overseas branches.

In November 2023, Zhejiang Seaport (Vietnam) Supply Chain Management Co., Ltd. was established in Ho ChiMinh City, Vietnam, with the aim of providing more e?cient and convenient logistics solutions for Chinese-fundedenterprises in Vietnam, while further enhancing the Company's Southeast Asian logistics supply chain system. Byextending logistics services overseas and actively positioning itself in both domestic and international markets,the Company provides strong support for the dual circulation of domestic and international economies.

During the reporting period, the Company, in deep cooperation with China Railway Group and ChongqingTransportation Group, jointly developed the "Chongqing-Ningbo Port" premium express line. This has reduced thetransit time of the Chongqing-Ningbo Port route to within two days. Leveraging digital technology to empower logisticsservices, it provides a "Uni?ed Smart Network" of full-process digital services. The demonstration e?ect of the premiumexpress line promotes the extensive development of multimodal transport.

By adhering to digital empowerment and fully utilizing the early advantages of Ningbo Port in informatization anddigital reform, e?orts are directed towards promoting the co-construction of a sea-rail intermodal transportinformation sharing platform among ports, shipping companies, and railways. This initiative aims to break downinformation barriers upstream and downstream, achieving functionalities such as full-process visibility tracking ofcontainer sea-rail intermodal transport, business solicitation, production collaboration, and intelligent applications,thereby using information technology to enhance service levels.

In January 2023, the People's Government of ZhejiangProvince and China National Railway Group Co., Ltd. signeda strategic cooperation framework agreement, proposingto jointly build a high-quality sea-rail intermodal transportdevelopment demonstration area. This aims to acceleratethe construction of sea-rail intermodal transport channelsthat connect domestically and internationally, pushingNingbo Port towards becoming a world-class strong port.

Since 2004, Ningbo Port has been engaging in container sea-rail intermodal transport services, which entered intoregular operation in 2009. In recent years, with the theme of promoting the high-quality development of the sea-railintermodal transport demonstration area, and guided by the aim to build core strength and actively construct a "dualcirculation" new development pattern, the Company has committed to expanding and strengthening sea-railintermodal transport. The Company has accelerated the construction of sea-rail intermodal transport channels thatconnect domestically and internationally, pushing Ningbo Port towards becoming a world-class port.

The sea-rail intermodal container volume of Ningbo Port reached

1.652 million TEUs, ranking second

nationwide, with an average annual growth rate of

63.4% over fourteen years, increasing the proportion

of the port's total container throughput to 4.68%.To date, Ningbo Port has launched over100 sea-rail intermodal transport routes, including 25 scheduledtrains, with services extending to65 prefecture-level cities across 16 provinces (autonomous regions andmunicipalities) nationwide. This has formed three major logistics channels: north to the ancient Silk Road,central to the Yangtze River Economic Belt, and south to the thousand-mile Zhejiang-Jiangxi line.

Case Launching Export Agency Business in Dubai

Case Enhancing the Southeast Asian Logistics Supply Chain System

Sea-Rail Intermodal Transport

Important Measures

Deepening Port-Rail Strategic Cooperation to JointlyBuild a High-Quality Sea-Rail Demonstration Area

Advancing the Digital Reform of Sea-Rail Intermodal Transport andPromoting the Interconnectivityof Multimodal Transport Information

In FY2023

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Accelerating Openness and DevelopmentSince 2018, Ningbo Port has vigorously promoted the comprehensive transportation business of sea-rail intermodaltransport. Currently, 15 mainstream shipping companies can issue sea-rail intermodal CCA bills of lading, with CCAbusiness extending to multiple sea-rail intermodal routes such as Chongqing, Hefei, and Wuhan. Utilizing the "singlecontainer system" (i.e., a "single container to ?nal destination" business model), the Company e?ectively addressesenterprises' container usage challenges, continuously improves the quality of sea-rail intermodal transport services,and enhances the competitiveness of the sea-rail intermodal transport market.

In 2018, the ?rst domestic double-decker container train was launched in Shaoxing, receiving high praise from relevantnational ministries and commissions, provincial and municipal governments, and the China Railway Group. This hasset a pioneering example for the development of double-decker trains in domestic sea-rail intermodal transport.Meanwhile, Ningbo Port has advanced the construction of Yiwu's "Sixth Port Area," successfully launching the "SixthPort Area Sea-Rail Special Train," signi?cantly enhancing cargo release e?ciency and improving customer experience.

The Company continuously intensi?es its market expansion e?orts and improves the quality of sea-rail intermodaltransport services. This has established Ningbo Port's high-quality service brand in sea-rail intermodal transport,building a network of over 100 sea-rail intermodal routes and covering 65 prefecture-level cities across 16 provinces(regions, cities).

Ningbo Port is actively creating global shipping routes to serve global trade, promote foreign cooperation and

exchange, expand its global "friend circle," and facilitate global port and shipping industry "soft connectivity."

In July 2023, the 7th Maritime Silk Road Port International Cooperation Forum was successfully held, co-organized by

Ningbo Port, and sponsored by the Ningbo Municipal People's Government, China Society of Navigation, Water

Transport Science Research Institute of the Ministry of Transport, Zhejiang Provincial Department of Transportation,

and China Port Association. The forum, based on the new starting point of the tenth anniversary of the "Belt and Road"

initiative, re?ects the global port and maritime community's spirit of inheriting the Silk Road partnership. The forum

promotes more extensive and in-depth development of domestic and international port and maritime exchanges and

cooperation, building a shared vision for an open-type port and maritime cooperative relationship. It is grounded in the

new dynamics of constructing world-class powerful ports, showing the global port and maritime community's goal of

building core port competitiveness, aggregating support, and enhancing radiating driving force.

Currently, Ningbo Port is the only port globally to possess dual "ten-million TEU level" single container terminals, the

world's ?rst "billion-ton" mega port, leading global cargo throughput for 15 consecutive years, and maintaining its

position as the third-largest in terms of container throughput for six consecutive years.

The total number of container shipping routes hasreached 302, with 250 international routes, coveringmore than 600 ports in over 200 countries and regionsworldwide. The number of main international traderoutes is 142, accounting for 47%; the number of feederroutes is 108, accounting for 36%.

The China-Europe Railway Express sees steady growth.The Railway Express is a crucial transportation tool forforeign trade enterprises and merchants to connect withcountries around the world, continuously expanding the"Jinhua Platform" overseas network for the China-EuropeRailway Express. The number of routes has increased to13, covering 16 countries including Russia, Italy, Hungary,the ?ve Central Asian countries, Azerbaijan in West Asia,and Laos in Southeast Asia, with more than 150 stations.

The sea-rail intermodal trains from the inland areas to Ningbo Port provide a convenient "seaway" for the inlandregion's economic activities. In particular, the Chongqing-Ningbo premium express line enables local goods to reachNingbo Port within 48 hours, signi?cantly shortening inland transportation time. This improves the rapid response rateof Chongqing's foreign trade enterprises to overseas markets and lays a solid logistical foundation for Chongqing'sindustrial restructuring and upgrading and investment attraction.

With sea-rail intermodal transport as the link, the Company intensi?es the promotion and introduction of sea-railintermodal transport, continually enhancing cooperation and exchanges between the port and inland cities. NingboPort's container sea-rail intermodal transport business has established a strong brand e?ect, providing logisticssolutions and sea-rail products for customer groups with high added value, strong timeliness requirements, largevolumes, and concentrated shipments, becoming a prominent feature of Ningbo city.

Case

Participating in the Organization of the 7th Maritime Silk Road Port InternationalCooperation Forum

Implementation E?ects

Enhancing the Comprehensive Transportation Model of Sea-Rail Intermodal Transport andExtending Shipping Resources Inland

Exploring Model Innovation to Boost the High-Quality Development of Sea-Rail IntermodalTransport Business

Expanding markets, enhancing services, and achieving a more dense network coverage

Extending the Hinterland of Cargo Sources to Promote the Economic Development of the Hinterland

Persisting in Digital Empowerment to Achieve Informatization Transformation and Upgrade

Establishing Brand E?ect, Enhancing City Recognition

Global Shipping Connectivity

Integration into the International Multimodal

Transport Corridor Pattern

The Company promotes the co-construction of a sea-rail intermodal transport information sharing platform amongports, shipping companies, and railways, achieving a complete online business cycle for sea-rail intermodal transport,diversi?ed and re?ned sea-rail intermodal transport data analysis, and convenient and mobile operation queries.Leading the industry in digital transformation and upgrading, this comprehensive improvement enhances servicelevels.

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In 2003, a subsidiary of the Company jointly ventured with Suzuyo & Co., Ltd. from Japan to establish SuzuyoLogistics. Leveraging the overseas foundation of the Japanese shareholder, Suzuyo Logistics has developed anoperational system, supplier system, and informatization system that cater to Chinese-funded clients, assistingthem in achieving internationalization of their supply chain. To date, the Company has established businesspoints in countries along the "Belt and Road," such as Vietnam and Thailand.

"Port-led city development" is a common evolution pattern for port cities. As the construction of the Ningbometropolitan area progresses and the integration of the Yangtze River Delta accelerates, Ningbo and Zhoushan arejointly enhancing the "dual circulation" in their collaborative openness, collectively amplifying the advantages of portopenness and becoming the forefront of "dual circulation." Ningbo Port uses the port as a link to actively radiate anddrive the development of the Yangtze River Delta and surrounding cities, integrate high-quality resource elements,promote regional port and maritime integration, and advance high-quality regional economic development. Itleverages Ningbo's combined advantages of "manufacturing + trade + logistics" to facilitate both domestic andinternational dual circulation, accelerating the formation of a new pattern of "port-led city development, city-promotedport strength, port-driven city prosperity, and integrated development," becoming a true "core" force.

According to the "Xinhua-Baltic International Shipping Centre Development Index Report (2023),"Ningbo-Zhoushan ranked 9th among global international shipping center cities, further enhancing itsinternational in?uence.The port hub's advantages and its radiating e?ect have driven the agglomeration and development of port-relatedindustries such as shipping, warehousing, and port logistics, as well as derivative industries like port ?nance,insurance, and ship leasing. This has led to the formation of several hundred-billion-yuan industrial clusters inautomobile manufacturing, new materials, home appliances, textiles, and apparel, promoting urbandevelopment.Promoting the development of Ningbo's foreign trade, in 2023, Ningbo's total import and export volume ranked6th nationwide, with its national share continuously increasing. The total volume of foreign trade reachedRMB 1.28 trillion, a year-on-year increase of 0.9%, including exports of RMB 828.78 billion, up 0.7%, andimports of RMB 449.15 billion, up 1.1%.Creating economic bene?ts, in 2023, Ningbo's GDP exceeded RMB 1.65 trillion, reaching the level of a high-income economy per capita GDP. It ranked ?rst in industrial total output value in Zhejiang Province, led thenation's cities in the number of national-level manufacturing champions, and was among the leading majorcities in China in terms of net talent in?ow.

In collaboration with local partners in Vietnam, aSino-Vietnamese customer supply chain service systemwas co-established. Located in Longjiang IndustrialPark in Xinfu County, Qianjiang Province in southernVietnam, the partnership takes advantage of thecomplementary strengths of Chinese and Vietnameselogistics enterprises to provide comprehensive logisticsservices for Chinese-funded enterprises in the park.These services include Sino-Vietnamese sea transportation,land transportation, and Vietnamese export services.In 2023, the container business volume exceeded20,000 TEUs.

In collaboration with Suzuyo & Co., Ltd. of Japan, logisticsservices such as local transportation, warehousing,and international sea freight are provided for Chineseenterprises stationed in Thailand under the "Belt andRoad" initiative. The business in Thailand adopts amodel of cooperation with local industrial parks,actively o?ering logistics services to Chinese-fundedenterprises. This approach has been recognized bymany enterprises within the cooperating parks, leadingto rapid business growth. In 2023, the containerbusiness volume exceeded 10,000 TEUs.

The Company provided all the iron ore and coal transshipment required by Ningbo Steel,totaling11 million tons;Provided iron ore and coal transshipment for Juhua and Yuanli Metal in the Zhejiang westernregion, totaling

7.6 million tons;

O?ered coal transshipment services for power supply to Zhejiang Energy, WuchanEnvironmental Energy, National Energy, and Datang Power, among other power enterprisesin the hinterland, totaling

19.5 million tons.

Case Sino-Japanese Joint Venture to Build an International Supply Chain

Port-Led City Development

Promoting Regional Economic Development and ImprovingResidents' LivesOver the years, around the development strategy of "port-led city development and city-promoted port strength," theport's role in regional economic development has become increasingly signi?cant. According to statistics fromauthoritative transportation organizations, the development of the port is inseparable from Ningbo's economicgrowth. Speci?cally, for every additional ton of port throughput, Ningbo's GDP increases by RMB 204, and for everyadditional standard container of container throughput, Ningbo's GDP is boosted by RMB 5,863.Ningbo Port continually promotes the spatial layout of the port area, builds a modern industrial system around theport, and creates a port-city supply chain with shared bene?ts. This e?ectively drives the development of industriesnear the port and plays a crucial role in industrial production and livelihood security in Zhejiang Province.

Vietnam:Thailand:

Promoting Regional Economic Development

In FY2023

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Tax Governance

Promoting Employment

In FY2023

With the continuous development of modern logistics and the rise of cross-border e-commerce, Ningbo Port's role inthe global logistics chain has become increasingly important. In recent years, during the "Double 11" shopping festival,about a quarter of the country's cross-border parcels were transported through Ningbo Port. Fruits from SoutheastAsia, milk and beef products—even live cattle from Australia and New Zealand—European wines, and ArgentineAntarctic red shrimp are all transported via Ningbo Port, making their way to residents' dining tables.

The Company adheres to legal tax obligations, implements national tax regulations, and tailors and enhances its taxmanagement policies and systems according to the actual situation. The Company establishes audit processes for thetax treatment of various economic activities; and calculates, declares, and pays all applicable taxes accurately andpromptly while handling related tax matters.The Company and the subsidiaries adopt a hierarchical tax management model, where each entity is responsible for itstax activities according to tax law. A three-level tax review and approval system involving tax personnel, tax managers,and tax supervisory leaders is in place.

Promoting Rural RevitalizationNingbo Port actively responds to the central government and Zhejiang Provincial Committee's decisions anddeployments on promoting rural revitalization, undertaking various collaborative support activities, establishingharmonious corporate-local relationships, and contributing corporate strength towards the goal of commonprosperity.Pairing and Support for Fengxi Village, Shiyang Township, Longyou County

This includes collaborative projects like "enclave" cooperation between mountainous and coastal areas, cultivation ofa hundred acres of yellow tea, and support for the elderly and young among the needy, conducted throughdonations, investments, and assistance for those in di?culty. In 2023, Fengxi Village's operational income surgedfrom RMB 9,800 before pairing to RMB 824,900, an increase of 80 times, while the collective income of the village rosefrom RMB 144,700 to RMB 1.02 million.

Pairing and Support for Shichuan Village, Badu Town, Longquan City, Lishui

The Wenzhou Port Group, a subsidiary of the Company, has continued to promote the local Longquan to Xiaoshanenclave project, the Longquan Wuhuyang standard factory building joint construction project, and the jointdevelopment of the Datan Small and Micro Park in Badu Town, among other projects. In 2023, anadditional procurement of RMB 210,000 was made, aiding the village in leaping from a collective operational incomeof zero in 2018 to over RMB 500,000 in collective operational income in 2023.

The Company actively creates job opportunities in its region, stimulating regional economic development. The growthof the Company's port business has propelled the development of related industries such as agency, shipbuilding,maintenance, shipping, parts sales, as well as ?nance and insurance, providing ample employment opportunitieslocally.

The Company's total tax contribution amounted to RMB 1.722 billion, with acumulative total of RMB 8.444 billion paid in taxes from 2019 to 2023.

Tax Contribution and Employment

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Embracing Corporate Social ResponsibilityNingbo Port has always adhered to the mission of "strengthening the port to serve the country and the world," aimingfor the maximization of long-term value. The Company integrates the concept of social responsibility with thedevelopment strategy, pursuing economic bene?ts and safeguarding the interests of shareholders and creditors, whileactively engaging in various public welfare activities to promote harmony among the economy, society, and theenvironment.

The Company handles a variety of cargoes, including iron ore, coal, crude oil, and grain, which are essential forindustrial development, livelihood security, and grain supply. By leveraging its business strengths, the Companyensures the basic supply and smooth logistics of these materials.

In the summer of 2023, amid strong local demand forelectricity coal in Zhejiang Province, the Companyfully committed to the "electricity coal supply battle."The Ore Company, Railway Company, and WenzhouPort Group completed a total of 1.96 million tons ofelectricity coal transportation in June and July. ZhoushanCompany, Jiaxing Port A?airs, and Taizhou Port A?airscompleted a total coal throughput of 7.4038 milliontons in the two months, providing crucial coal supplyto large power plants under State Power, DatangWusha Mountain Power Plant, and XiangshanZhengyuan Power Plant, addressing their urgent needfor fuel coal.

Material Support

Pairing and Support for Sanxing Village, Sangzhou Town, Ninghai CountyFor over 20 years since 1996, the Company has continuously dispatched cadres to serve as rural work instructors forvillage assistance, undertaking a series of support projects to strive for a fundamental shift from "providing blood" to"generating blood." In 2023, e?orts to broaden the stable income-generating avenues for the village's collectiveeconomy were further intensi?ed, with Sanxing Village's collective operational income exceeding RMB 300,000.

Subsidiaries such as Beisan Group and the Ore company's Zhongzhai Terminal have strengthened their collaborationwith Guoju and Baifeng Streets through government-business cooperation. In 2023, they launched multiple jointactivities, established the Guoju Street Beacon Volunteer Alliance, and mobilized young members to donate 412 booksto the "Sea Children's Home" in Guoju Street and engage in voluntary blood donation, among other activities.

Guoju Street Beacon Volunteer Alliance

"Linking Hearts for a New Journey" Charity FundSince 2018, Taicang Wanfang, a subsidiary of the Company, in collaboration with Xunlian Village and Dangqian Villagein Huangjing Town, Taicang City, has actively participated in the "Linking Hearts for a New Journey" charity fund. It hascontinued to carry out charitable activities aimed at poverty alleviation, helping the needy, and assisting farmersto increase their income, with a total donation amounting to more than RMB 300,000.

Giving Back to Society

Case Summer High Temperature Coal Transportation Assurance

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Conducting Tugboat Rescue Operations

Honored as An "Outstanding Collective in MaritimeSearch and Rescue" by Zhejiang Province for theYear 2022

Moving Forward Together with Employees

Subsidiaries of the Company, including Zhoushan PortHaidong Towage & Barge, the Tugboat Company, andWenzhou Port Service Company, have participated in andsuccessfully completed multiple maritime rescue andemergency response operations. They have dedicatedtheir e?orts to ensuring the safety of lives and property inthe surrounding maritime areas, with several tugboatsbeing recognized by the Ministry of Transport as outstandingsocial search and rescue forces for their signi?cantcontributions.

The Ningbo Port Area tugboat team of the Companycompleted94 maritime rescue and emergency

tasks, dispatching tugboats on152 occasions

and rescuing70 vessels in distress.

The total duration of various community volunteerservice activities reached18,761 hours.Ningbo Port has a long-standing commitment to socialwelfare, engaging in a wide range of volunteer activitiesover the years.

The Beiyi Group Polaris Volunteer Team has organized tens of thousands of participants in a variety of volunteeractivities, including services at women's volleyball events, nursing homes, and tra?c direction. In 2012, the teamlaunched the Polaris "Little Swallow" refueling station volunteer service project, serving over 40 families in FY2023, withvolunteer hours exceeding 400 hours.

Established in 2016, the Beier Group Mali Love Volunteer Mutual Aid Alliance has since engaged in a wide array ofvolunteer activities, including services for women's volleyball events, emergency rescue services, practices for the newera's civilization, and weekend community involvement activities. In FY2023, the alliance conducted 149 variousvolunteer service activities, accumulating 1,155 hours of volunteer service and serving over 750 people.

Ningbo Port consistently regards the employees as the most valuable resources and wealth of the enterprise. Bysafeguarding employee rights and interests, enhancing career development platforms, increasing employee care,focusing on democratic management, and organizing various leisure activities, the Company fosters a harmonious,innovative, and enterprising work atmosphere internally.

Initiated by subsidiaries such as Taicang Wugang andTaicang Wanfang, the "Protecting the Yangtze River, OurMother River" civil practice volunteer service has beenongoing for 8 years. Through irregular volunteer activitieseach year, it supports the ecological restoration of theYangtze River. In 2023, over 500 volunteers participated,collecting more than 700 bags of trash.

Tugboat Rescue Operations

Beiyi Group Polaris Volunteer Team

Beier Group Mali Love Volunteer Mutual Aid Alliance

"Protecting the Yangtze River, Our Mother River" Volunteer Service

Public Welfare Activities

In FY2023

In FY2023

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Age Distribution：

Gender Distribution:

Education BackgroundDistribution:

Under 30 years old30 to 50 years oldAbove 50 years old

MaleFemale

Graduate students(including Masters)Undergraduate students(including Bachelors)Junior college (Associatedegree)Secondary vocational, highschool, and below

Employee Convalescence FeeEmployee Lunch SubsidyHeatstroke Prevention and Cooling Measures FeeEmployee Hardship AssistanceReward for Parents with a Single ChildHome Leave Travel Expenses......

Public HolidaysRest DaysPaid Annual LeaveO?cial LeaveSick LeavePersonal LeaveMarriage Leave

Bereavement LeaveHome LeaveMaternity LeaveNursing LeaveCare LeaveInjury LeaveParental Leave......

The Company earnestly implements the "Ningbo Port Total Wage Management Method," constructing a compensationmanagement system with its own characteristics that balances management and motivation. By adopting amechanism that aligns the total wages of employees with the contribution to pro?tability and labor productivity, theCompany ensures that the annual total wage of each unit follows the principle of "increase in bene?ts, increase incompensation; decrease in bene?ts, decrease in compensation," continuously enhancing the enterprise's vitality,creativity, and market competitiveness. Accompanied by the Company's operating performance and volume ofbusiness continuously improving in recent years, the salary level of Company employees has also steadily increased,with the average income per employee in FY2023 exceeding the provincial and city CPI growth rate.The Company and the subsidiaries have designed a matching compensation structure according to employeepositions, capabilities and performance, and market levels, mainly consisting of position grade salary, seniority salary,allowances (subsidies), and bonuses. At the same time, the Company has implemented multi-dimensional anddiversi?ed performance evaluations for employees through the establishment of systems such as "Management(Technical) Personnel Management Methods (Trial)," "Employee Rewards and Penalties Methods (Trial)," and"Management Team Members' Business Performance Assessment and Compensation Management Methods," fullymotivating employees to "compare, learn, and catch up" through scienti?c and standardized assessment methods.The Company strictly adheres to the national social security mechanism, paying various social insurance fees andhousing provident funds for employees, and provides additional security by purchasing corporate annuities, while alsoestablishing and improving a multi-level employee pension insurance system. The Company actively implements the"Employee Welfare Fund Management System" and "Attendance and Leave Management System," providingemployees with various welfare funds and leave. During the reporting period, the Company strictly followed the"Population and Family Planning Regulations," implementing regulations for parental leave, allowing employees toenjoy 10 days of parental leave each year within three years of their child's birth.

Ningbo Port adheres to the principle that "talent is the primary resource," vigorously implementing strategies tostrengthen the Company and port through talent, striving to enhance its talent pool. The Company actively transformsits talent advantage into innovation, competitive, and developmental advantages, providing a strong talent guaranteefor the construction of a "world-class strong port."

Salary and Bene?ts

Talent Development

Labor Harmony

Ningbo Port strictlyabides by national laws and regulations to genuinely maintain and protect employees' lawful rightsand interests.The Company places high importance on the income, treatment, and welfare of the employees, implementing a systemof labor contracts for all employees and paying labor compensation on time and in full according to national,provincial, and municipal regulations as well as those from higher authorities.The Company strictly adheres to national and local government regulations, such as those prohibiting the employmentof child labor, forbidding the hiring and use of child labor. During the reporting period, there were no instances ofemploying child labor.The Company follows the principles of diversity and anti-discrimination in employment, ensuring there is nodiscrimination against employees based on "ethnicity, race, nationality, religious beliefs, gender, age," in terms ofhiring, compensation, training, promotion, dismissal, or retirement.

By the end of the reporting period, the total number of

employees in the Company is 17,635.

Employee Structure

Bene?tsEmployee leave

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The Ore Company Conducted ContinuingEducation Training For High-skilled Talents

The Company focuses on talent team building, adhering to the "eight musts" and "eight prohibitions" recruitmentprinciples, and continuously recruits outstanding talents in the industry through various online and o?ine channels toenrich the talent pool.

The Company places high importance on the continuous learning and development of its employees, with a focus onimproving political quality and building capabilities. The Company conducts categorized education and training foremployees in management (technical) and operational support positions. Training content covers generalmanagement skills enhancement, professional knowledge, and skills training, aiming to comprehensively improve theoverall quality of the employee team.The "Employee Education and Training Management Method" established by the Company speci?es the procedures,funding, and treatment during training for employee education and training. This provides a strong institutionalguarantee for employees to receive education and training, o?ering talent assurance and intellectual support forbuilding a world-class strong port.In line with the operational strategy and talent development plans, the Company formulates annual education andtraining plans for employees based on layered and categorized training principles. The Company also ensures that eachunit meticulously organizes and implements each training session according to requirements, actively participates insuperior-level training, and conducts related work such as implementation, assessment, and evaluation of educationand training within the units.

Fresh College Graduates Recruitment: By attending college job fairs and holding specialpromotional events, the Company attracts outstanding fresh graduates to join the port'stalent team.Social Recruitment: The Company actively conducts social recruitment according to theneeds of production development and business expansion.

Ex-Servicemen Recruitment: With a high level of political consciousness and a strong senseof mission, the Company employs various measures to facilitate the employment ofex-servicemen, ful?lling the social responsibility of a state-owned enterprise.

In 2023, the Company attended 30 campus recruitmentfairs at over 20 colleges and universities, including WuhanUniversity of Technology, held a special promotionalevent at Shanghai Maritime University, and cooperatedwith professional recruitment platforms like "BolerCampus Recruitment" for group recruitment activities.

In 2023, aiming to create seamless career developmentpathways for high-skilled talents and professionaltechnical talents, and to enhance the cultivation ofinnovative, applied, and skilled talents, the Ore Company,a subsidiary of the Company, organized continuingeducation training for high-skilled talents.

The Company recruited a total of482 employees, including 299 fresh college graduates,179 through social recruitment, and 4 veterans.

Employee RecruitmentEmployee Training

In FY2023

In FY2023

Case Campus Recruitment Fair

Case Continuing Education Training for High-Skilled Talent

The Company conducted over500 training sessions, with more than 40,000 participants in total,accumulating up to660,000 hours of training.

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In FY2023The Company continuously broadens the development pathways for various talents by establishing a comprehensivejob promotion system, opening up broad career development opportunities for its employees, and creating a favorabletalent development environment with the motto "growth has its paths, achievement its stage." Each year, the Companyand the subsidiaries undertake promotion and appointment processes, promoting eligible individuals based on annualperformance assessments and overall performance.

The Company strives to create a favorable working environment for the employees, making every e?ort to improvetheir living conditions and foster a sense of warmth within the enterprise, thereby enhancing overall employee cohesion.Employees are regularly provided with workattire.

The Company constructed employeedormitories.

The Company built a Cafeteria for employees.

Food

Accommodation

Transportation

Clothing

The Company promoted 92 employees, with 1,221promotions in total,including256 new mid- to senior-level

technical titles; various units within the Company newlyappointed 209 individuals to mid-level positions andabove.

The Company's trade union carried out various care activities, with a total investmentin employee assistance and consolation funds reaching RMB 11.71 million.Welfare items for the Mid-Autumn Festival and National Day were distributed to all union members through theZhejiang Welfare Mall.Comprehensively enhanced the quality and e?ectiveness of the "Care and Five Deliveries" traditional signaturebrand service, using "order-based" services to e?ectively align the "Five Deliveries" with employee needs.

The Company established multipleshuttle bus routes that directly connectto various terminals for commutingemployees to and from work.

For management (technical) positions, the"Management (Technical) Personnel ManagementMethod" set by the Company speci?es the basicconditions, frequency, and processes for businesslevel promotions, establishing a clear and orderlyprofessional technical talent developmentchannel. For operational support positions, the"Operational Support Position Employee CareerDevelopment Management Method" outlines theskill level promotion sequence and skill positionsequence.

Implemented daily support for employees in distress due to illness and mutual aid policies for employees. Throughoutthe year, subsidies were provided to109 employees su?ering from special diseases. Additionally, 323instances of maternity consolation and767 instances of consolation for employees in distress due to illness werecarried out.Organized summer charity schools, Mid-Autumn cooling parties, parent-child activities, and social events for singleyoung people.

Promotion and Development

Employee Welfare Employee Care

Social Events for Single Young PeopleSummer Charity SchoolsMid-Autumn Cooling Evening Party at

Shulanghu Company

In FY2023

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In 2023, the Company's sports teams achieved excellent results in various competitions:

For many years, the Company has focused on the needs of the female employees, caring for and supporting themthrough various cultural activities and warm-hearted measures, creating a better life for female sta?.

The Company maintains its focus on the young employee demographic, continuously enriching the platforms for youthand Communist Youth League activities, guiding young people to achieve success and supporting their development.

Organizing themed activities for International Women's Day on March 8th.The Company and the subsidiaries have jointly established 30 "Mommy Rooms" across various grassroots units.

Guiding the majority of Youth League members to inherit the "red gene" and bravely undertake their responsibilitiesand missions, with the young employee Weili Huang serving as a delegate to the 19th National Congress of theCommunist Youth League in Beijing.Organized the "My Youth in Building a Strong Port" Triple Three Innovative Youth Achievement Competition, with 63achievement projects by youth organizations at all levels within the Company achieving success.Conducted various activities for young people, including volunteer services, social networking, technical skillcompetitions, and youth debate contests.

The Company organized a variety of healthy and diverse cultural and sports activities to enrich employees' leisure timeand enhance team cohesion and solidarity.

In 2023, taking the opportunity of the Sta? Cultural Festival and the First Sta? Sports Meeting, the Company organizedcompetitions such as table tennis, badminton, basketball, football, and tug-of-war, attracting 1,463 employees toparticipate and strengthening their cohesion and unity.

The basketball team represented Zhejiang Province and won the national championship in the basketball event ofthe 14th National Games for Masses, marking the ?rst time that Zhejiang Province achieved such an honor in thisevent and setting a new record for the province.The football team was awarded the runner-up in the Comprehensive Group of the 2023 "Dream China" "HaiweiGroup Cup" Ningbo City Government and Enterprise Football Tournament.

Ningbo Port adheres to the implementation of thesystem of the Workers' Congress, leveraging the rolesof representatives of the Workers' Congress andspecialized committees, ensuring smooth channels foremployees' appeals, and standardizing the disclosureof corporate a?airs and the collection of proposalsfrom the Workers' Congress. In 2023, a total of 3proposals related to port dredging, labor security,personnel recruitment, and other matters were collectedand processed, achieving a grassroots satisfaction rateof 100%. In the survey and evaluation of corporatea?airs openness conducted during the Fifth Session ofthe Workers' Congress, the satisfaction rate ofemployees reached 100%.

Caring for Women

Caring for the Youth

Cultural and Sports Activities

Employee Democratic Management

"Fifth Session of the Workers' Congress"

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ServiceChapter

Service QualityService E?ciencyCustomer ServiceIntelligent Port

Berthing E?ciency of 200,000-tonContainer Ships

Satisfaction rate among petitioners

TEUs/hour

Ningbo Port upholds the concept of high-quality service, deepens the awareness of quality service, strictly controls thequality of service. This commitment has led to further improvements in port service quality, establishing a strong "SoftPower" in service excellence.

The World Bank's third edition of the Container PortPerformance Index (CPPI 2022), released in 2023,ranked the operating e?ciency of 348 containerports worldwide. Ningbo Port ranks second on theMainland China and seventh globally.

The China Quality Award is the highest honor in the ?eld of quality in China, aimed at promoting scienti?cquality management systems, models, and methods. In 2021, Ningbo Port helped its controlling shareholder,Ningbo Zhoushan Port Group, won the China Quality Award with the "One Core, Four Sharing, Dual-cycle"quality management mode, becoming the ?rst port enterprise in China to receive this honor and the ?rstenterprise in Zhejiang Province to be awarded.

During the reporting period, guided by the idea that "the best service is to attract cargo," the Companyformulated a plan for the First-class Port with Excellent E?ciency Special Action (Phase I) and successfullycompleted relevant assessment indicators, continuously improving the service level of terminals and theservice experience of shipping companies, comprehensively enhancing service e?ciency.

Service QualityService E?ciency

Our Core Goal of Quality Management: First-class serviceOur Quality Culture: Casting benchmark port with high-quality serviceOur Mechanisms: Compilation of "Safety Technical Operating Procedures," "Cargo Quality Management Measures,"

"Monthly Evaluation Measures for Business Service Quality," "Assessment Management Measures for Ship PlanFul?llment Rate," "Production Dispatch Operating Procedures and Assessment Measures," and other systems andspeci?cations.

"One Core, Four Sharing, Dual-cycle"Quality Management Mode

The First Port Enterprise in China to Win the China Quality AwardCase

Successfully Completed the First-Class Port with Excellent E?ciency Special Action (Phase I) WorkCase

Service E?ciency Situation of

the Company in 2023

Source: CPPI 2022

During thereporting periodThe berth e?ciency of 200,000-ton container ships reached 382 TEUs/hour,setting a new global record for the fastest operation e?ciency on the "OCEAN Europe Line 4."

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LogisticssyndicationPort cityintegration

Digitalintelligence

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Hardcorestrong port

Win-win

forcustomers

Four Key Indicators Lead Globally

Average e?ciency of 400,000 tons of ore ships at berth:

6,680 tons/hourMaximum ship-time e?ciency:

392.3 TEUs/hour

Average mainline ship hour e?ciency

118.2 TEUs/hour

Average mainline berthing e?ciency

102.1 TEUs/hour

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To fully protect customer rights and continually optimize andimprove services, Ningbo Port has established and improvedmechanisms for customer feedback, complaints, andhandling. The Company has set up diversi?ed customerfeedback channels such as petition channels and externalcomplaint hotlines, to receive and promptly addresscustomer grievances. Meanwhile, the Company's businessdepartments regularly conduct customer satisfactionsurveys and optimize services based on customer feedback,and continuously improve customer satisfaction.During the reporting period, the Company did not experience any violations involving health and safety impacts of productsand services.

Customer Service

Customer Complaints and Handling

Specialty ServicesNingbo Port currently o?ers specialized services at its terminals such as blending, screening, and mixing of iron ore and coal.Speci?cally, the Shulanghu Company provides bonded blending and ore grinding services, while the Ore Company o?ers?ne mixing services for iron ore. Additionally, the Company's end-to-end logistics services aim to integrate port logisticsresources, advance the development of a comprehensive logistics system and tiered logistics network, focus on solving the"Last Mile" challenge, and achieve "Door-to-door" logistics services for customers.

Customer Privacy ProtectionNingbo Port strictly adheres to national laws and regulations, rigorously protecting customer privacy information. TheCompany enhances interaction with customers through intelligent system platforms and implements data isolationstrategies to ensure the security of customer information.During the reporting period, the Company did not experience any incidents of customer privacy information leakage orlosses due to violations of relevant laws and regulations on customer information and privacy protection.

Responsible MarketingNingbo Port strictly adheres to relevant national laws and regulations and always upholds the principles of integrity, fairness,and transparency. The Company provides customers with the most authentic, accurate, and comprehensive product serviceinformation, and fully safeguarding customers’ right to know and their interests.During the reporting period, the Company did not experience any violations involving product and service information andidenti?cation, as well as violations related to marketing communications.

Door-to-Door Full-Service LogisticsCase

In 2023

The Company accepted customer feedback and complaints through the Zhejiang Provincial Petition Platform,Ningbo Municipal Petition Platform, and external complaint hotline, promptly handled relevant feedback andcomplaints, and achieved a100% satisfaction rate among petitioners.

The full-service logistics business ensures transportationcapacity through voyage chartering and time chartering,leveraging the functionality of the Ningbo Port ore systemto provide second and third-party non-ship transportationservices to steel trading companies, addressing customerssingle maritime transportation needs. Additionally, tobetter serve as a bridge between cargo owners and ports,the full-service logistics business can also provide aseries of value-added services including informationconsultation, logistics solution design, uni?ed settlement,cargo measurement, insurance, etc. In 2023, the full-servicelogistics business completed a total of 28.06 million tons,an increase of 9.8% year-on-year.

Customer Satisfaction Survey

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Successful Launch of Ningbo Zhoushan Port TOS System in Hangzhou Port Xiaosha Operation AreaCase

Upgrade and Launch of CTOS System 3.0 in Zhenhai Port AreaCase

In recent years, Ningbo Port has been actively promoting the deep integration of next generation cutting-edgetechnologies with port and shipping logistics businesses, focusing on the digital port production and operation system,intelligent terminal operation system, digital logistics service system, and the smart port digital ecosystem. TheCompany accelerates the digital transformation of ports and shipping, empowering with “Intelligence” drivinginnovation, “Strengthening Hub Ports, Extending Industrial Chains”, and building an ecosystem to enhance thee?ciency and quality of services continually.

In June 2023, the Ningbo Zhoushan Port TOS system was smoothly launched and tested in the XiaoshaComprehensive Operation Area of Hangzhou Qiantang Port, becoming the ?rst inland terminal in ZhejiangProvince to go online with this system. This marked a critical step in the layout of ports from seaports to inlandports, laying a solid foundation for subsequent coverage of the entire province and expansion into thenational market.

Based on the integration of the original management platforms in Ningbo and Zhoushan, this platform has undergoneprocess reengineering and service function optimization to enhance port operational e?ciency and promote the deepintegration of Ningbo Port.

In September 2023, the CTOS system 3.0 version wasupgraded and launched in the Zhenhai Port Area,e?ectively alleviating the contradiction between theincreasingly complex production operations at theterminal and the increasingly saturating systemprocessing capacity. This upgrade enhanced the portarea's smart e?ciency and solidly supported theexpansion needs of the production operations as theport transitions from domestic to international trade.

Smart Port

"4S" Smart Port Construction Concept Smart: Excellent intelligence in port operations.Satisfy: Convenient and satisfactory port services.

Share: Open sharing of the port ecosystem.Sustainable: Sustainable development of the port.

Information Digital Management SystemNingbo Port is accelerating the construction of an informatized and digitized management system, continuously promotingreforms in various ?elds and sectors to achieve e?cient enterprise management.

The Company independently developed a container terminal production operation system, which was ?rst launched in2010. On May 27, 2020, this system successfully replaced the imported systems at the Chuanshan port area of Ningbo Port,achieving domestic substitution. This milestone marked the end of China’s long-standing reliance on foreign systems for"ten-million TEU level" large-scale container terminal production operations.

Container Terminal Operating System (n-TOS system):

Responsible for commanding and dispatching the actualproduction operation of container terminals.Container Terminal Central Business Processing System(CTOS system): Responsible for handling repetitive andcomplex tasks such as terminal production operationplanning, statistics, and billing.Core Modules:

Yard planning, vessel stowage, operation control, wirelessterminals, remote control, etc., can interact with intelligentgate systems, intelligent cargo handling systems, and GISvisualization systems.

Ningbo Zhoushan Port Terminal Operating System (TOS)

Ningbo Zhoushan Port Integrated CNC Platform

Components:

Service Objects: Government management departments, port production enterprises, and a?liated enterprises.

Operation Status: By the end of 2023, the platform had atotal of 204 settled enterprises, including 67 in Ningbo and137 in Zhoushan. There were 35 cross-port pilotages and340 cross-port tugboat operations.

Functions andRoles:

Achieve "Single-window Acceptance."Achieve TugboatOperations and Cross-port Domain Scenarios.

Achieve "Single-screenPerception" and "Panor-amic View of A Ship."

Uni?ed Publication ofPilotage Plans.

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Yongzhou Company Accelerates the Upgrade of Fully Automated TerminalsCaseSubsidiary Yongzhou Company actively responded to the construction of the "2+1" smart terminaldemonstration project, promoting the implementation of "Automatic Rail-mounted Cranes + UnmannedTrucks (Mixed Operation) + Remote-controlled Bridge Cranes" to accelerate the transformation and upgradingfrom traditional container terminals to fully automated terminals.

Shulanghu Company advanced the dock's overall intelligence upgrade in stages, focusing on the goal of"achieving o?-island operations." In January 2023, Shulanghu Ore Transfer Terminal successfully testedremote control operations for the ship unloaders from an o?-island location, further increasing the feasibilityof unmanned operations at the island terminal.

During the reporting period, Jiaxing Port implemented technological innovation and transformation oftraditional terminal bulk cargo operations, pioneering the quantitative loading of bulk cargo terminals withunmanned hoppers. The unmanned hoppers not only achieve e?cient "One-to-Many" operations but alsoensure more accurate loading tonnage, avoiding problems such as insu?cient or overloaded loading andrepeated unloading by vehicles.

The Company constructed the Collaborative Business OperationSystem (CBOS) covering all port operations, integrating and sortingout business links dispersed among di?erent departments andgrassroots companies, achieving visual management and optimizedallocation of port resources. Real-time monitoring of on-siteoperations is conducted through digital software such as theterminal real-time production dashboard and video surveillancesystem, and AIS ship monitoring system, to immediately notifyrelevant units and departments of any abnormal situationsdiscovered.

Smart Port ConstructionFacilities, Equipment, and Technological Intelligence

Management Intelligence

By the end of 2023, the Company had newly purchased 63 remote-controlled automated large-scale loading andunloading equipment for projects such as Jiashan Dushan Port Area and Yiwu Suxi Station. About 83 newlypurchased and modi?ed large-scale equipment in total were accepted, with a remote-controlled automation rate ofapproximately 28% for existing large port equipment.By the end of 2023, the Company participated in one national key R&D project and owned 625 patentedtechnologies.Awarded 1 "Special Award," 2 "First Prizes," 2 "Second Prizes," and 2 "Third Prizes" in the 2023 China PortsAssociation Science and Technology Awards.

Completed the automationtransformation of 16 rail-mountedcranes, achieving full automation ofthe existing 52 rail-mounted cranes.

Achieved the ?rst ICT mixed operation

with traditional trucks on mainline

ships.

Pioneered the intelligent lock station

process for centralized loading andunloading on bridge-style bulk terminals,achieving 100% application of intelligent

lock stations for all bridge cranes.

Successful Test of Remote-controlled Unloading Operation of Bulk Terminal Ship Unloader at Shulanghu PortCase

Domestic Innovation of Quantitative Loading for Bulk Cargo Terminal with Unmanned Hopper OperationCase

Business Management Intelligence

Collaborative Business Operation System (CBOS)

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In November 2023, the Company's new generation billbusiness system successfully connected to the ShanghaiBills Exchange and o?cially went live. This developmentfurther enhances the Company's ?nancial digital servicecapabilities, providing a more convenient and e?cientplatform to meet the Company's ?nancing needs.

The Company actively integrates information resources from various logistics nodes to construct an intelligent logisticsservice information system centered on port operations. This system incorporates information on ships, ports, and cargo intoa uni?ed platform, o?ering customers services such as smart booking, optimal route selection, end-to-end visibility, andprecise shipping schedules.During the reporting period, the Company upgraded the Easy Port e-commerce platform using a "Platform + Module"microservices technology architecture, promoting the o?cial launch of Easy Port e-commerce platform 2.0, further cateringto market demand and improving customer satisfaction.

Financial and Tax Management Intelligence

Meidong Company has established a digital operation and control center for container terminals based on digital twintechnology. This center enables the terminal operations to be "Visible, Audible, Manageable, and Predictable," enhancingthe overall e?ciency and foresight in handling operations.

The intelligent integrated system for cargo handling at the Zhuangyuan'ao Port Area of Wenzhou Port achieves automatedprocessing of cargo handling operations, reducing manual operations that previously took 2 minutes to within 30 seconds.This improvement enhances the e?ciency of port operations, providing robust support for reducing vessel turnaround time,lowering port operation costs, and enhancing customs supervision intensity.

The Ningbo Zhoushan Port Meixi Roll-on/Roll-o? Produc-tion Business System (Phase II) has signi?cantly improvedroll-on/roll-o? service quality and average responsee?ciency of business nodes, providing solid support forconsolidating strategic cooperation with major customersand attracting foreign trade sources in the next step.

Service Intelligence

Easy Port Platform

Bulk GeneralCargo Digital SupplyChain Service Platform

The Company continues to advance the construction of thebulk and general cargo digital supply chain service platformproject, expanding the application scenarios and thecoverage of operation cargo types based on the existingfoundation, and continuously optimizing and enhancing theservice functions of the platform. During the reportingperiod, the ?rst full-process online blockchain electronicwarehouse receipt ?nancing transaction was successfullycompleted at the Longwan Port area in Wenzhou Port. Thismarks a critical step in the company's journey towardsinnovating digital supply chain services in port and maritimeoperations.Ningbo Port Comprehensive Port-side Services Platform

As a comprehensive platform providing port services tounits such as terminals, customs, ship agents, freightforwarders, and ?eets, the Ningbo Port ComprehensivePort-side Services Platform (hereinafter referred to as"Port EDI") plays an important role in port linkage,business handling, information query, and logisticstracking. By the end of 2023, Port EDI has registeredmore than 150,000 users; the average monthly activeusers reached 42,000, a 34% increase from before theupgrade.

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The 14th Five-Year Plan for DevelopmentESG Development Plan2024 Energy Conservation and Emission Reduction Plan

Future Chapter

The 14th Five-Year Plan for DevelopmentESG Development Planning

During " The 14th Five-year Plan" period, Ningbo Port has deeply studied and implemented the important speech ofGeneral Secretary Xi Jinping during his visit to Ningbo Port. In line with practical conditions, the Company hasformulated and issued the "14th Five-year Development Plan." This plan systematically outlines the development goalsand pathways for the Company during the "14th Five-year Plan" period, ensuring the concrete realization of the "DualFirst-class" construction tasks.

Adhering to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,comprehensively implement the new development concept of "Innovation, Coordination, Green, Open and Sharing",and steadfastly pursue sustainable development. Systematically advance the "Three Types and Five Transformations,"accelerate the construction of "Four First-class" standards, and deeply integrate the ESG system to establish NingboPort as a world-class benchmark and model enterprise in ESG practices.

According to the requirements for ESG report preparation, combine with industry characteristics, corporatefeatures and market demand to create a high-quality ESG report with rich content, scienti?c structure andreadability. Strengthen communication and interaction with various authoritative rating agencies, includingMSCI (the world's largest rating agency). Continuously improve the quality of ESG reports, optimize the indicatorsystem, implement ESG action plans, and enhance the company’s ESG rating.

Use the ESG report as a tool to continuouslyimprove ESG management capabilities, regularlyengage in communications with stakeholders, andscienti?cally identify signi?cant issues. IntegrateESG into comprehensive risk management toconstruct a three-tiered risk matrix defensesystem. Develop an ESG information platform todrive operational improvements with ESG data.This approach not only enhances transparencyand accountability but also aligns corporateoperations with sustainable development goals.

Combine ESG requirements with the Company'sstrategic planning, budget management, investmentand cooperation, risk prevention and control, andperformance appraisal to build a closed-loop ESGcontrol system. Merge ESG with ?nancial andoperational activities to enhance risk prevention,cost reduction, e?ciency improvement, andtransformation upgrades, thereby supporting thelong-term, stable, and sustainable development ofthe enterprise.

Open ports: As a "Hard Core" force serving major strategic initiatives, Ningbo Port actively aligns and serves national

key strategies such as the "Belt and Road Initiative," the Yangtze River Economic Belt, and the integration of theYangtze River Delta. The Company continuously enhances the radiating and service capabilities, aiming to become anew hub for facilitating both the domestic economic cycle and the dual circulation of domestic and internationaleconomies.Energetic port: Innovate organizational structures and mechanisms to establish a system that accommodates theunique characteristics of port logistics and is compatible with international standards, specialization, and marketorientation. Develop a scienti?cally sound classi?cation management and assessment incentive mechanism toenhance the Company's management level and soft power development, thereby invigorating the enterprise.Intelligent Port: In response to the trend of digitalization, accelerate research and the application of newtechnologies such as 5G, arti?cial intelligence, big data, the Internet of Things, and blockchain. This e?ort aims toexpedite the comprehensive integration of information technology with port and maritime logistics, fully creating anew generation of smart ports driven by technology and de?ned by e?ciency.Green Port: Vigorously promote energy conservation and emission reduction, and fully implement green andlow-carbon production methods. Enhance the port's pollution prevention and ecological protection capabilities,accelerate the transformation of environmental protection facilities at terminals, and build a resource-saving andenvironmentally friendly green seaport.

Humanistic port: Actively engage in cultural exchange activities, expand the global network of port and maritime"Cooperative Partners," and enlarge the port's "Circle of Friends." Actively integrate into international port andmaritime organizations, amplify the "Zhejiang Port" voice, share the "Zhejiang Port" experience, and propose"Zhejiang Port" standards.

Rule of Law Port: Strengthen the top-level design with the theme "Rule of Law Port", constructing a long-termstrategy for legal governance in port operations to promote the institutionalization, standardization, and complianceof all processes. Fully implement the responsibilities of the principal leaders of the enterprise as the primaryindividuals accountable for legal governance, ensuring well-regulated management, compliance in operations,standardization in administration, and controllable risks.

Basically build a world-class strong port

Basically build a world-class port

operation enterprise

Ningbo Port’s ESG Development Objectives

Create high-quality ESG reports and enhance corporate rating level

Strengthen ESG management capabilities andenhance corporate development momentum

Phase I (2024-2025)

Phase II (2025-2026)

Fully integrate the concept of ESG to support thesustainable and long-term growth of the Company

Phase III (2025-2027)

Overall objectives:

Overall objectives:

Phase Goals:

Management Objective - to build "Six Ports":

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To accelerate the construction of green and low-carbon ports, Ningbo Port has formulated the key points for energyconservation, emission reduction, and carbon peaking for the year 2024. These initiatives are aimed atcomprehensively advancing the e?orts in energy saving, emission reduction, and achieving carbon peak targets.

To enhance the energy conservation and emission reduction initiatives, the Company is perfecting its workmechanisms by strengthening organizational leadership. The Company is optimizing the structure andfunctional allocation of management institutions at all levels, and supervising departments to ensuree?ective energy conservation and emission reduction e?orts within the respective jurisdictions.Revise and improve the Company's environmental management system and norms and standards inaccordance with relevant energy conservation and emission reduction policies and regulations, and forma systematic and complete system.

Implement a tiered energy conservation and emission reduction responsibility system by establishingclear lists of responsibilities and tasks. Further deepen goal assessments by incorporating energyconservation and emission reduction performance into the annual work reports of responsible personnel.

Ensure the allocation of resources for energy conservation and emission reduction by optimizing anddetailing budget arrangements and increasing ?nancial investment and innovative application research.This approach is aimed at enhancing the e?ectiveness of initiatives and fostering sustainable practiceswithin the organization.Strengthen the supervision of indicators, strictly control energy consumption indicators, and strive for asteady decline in energy consumption.

Continuously promote the construction and utilization of shore power facilities. By the end of 2024,Ningbo Zhoushan Port will strive to achieve full coverage of shore power except for liquid chemical berths.

The Company will be intensifying the energy use adjustments to reduce emissions from port equipment.Through technological upgrades and the replacement of outdated equipment, the Company aims toincrease the proportion of clean large port operation machinery to 94%. The Company plans to graduallyphase out over 200 outdated diesel-powered mobile machines, and increase the proportion of electrictractors and hydrogen fuel tractors. The plan includes adding more than 300 new electric tractors and over30 new hydrogen-powered tractors.

Promote the construction of photovoltaic and wind power facilities, and increase the electricityconsumption of photovoltaic, wind power and other renewable energy generation year by year.

Completing the study of the wind-hydrogen storage green port project in the Piercing Hill Port Area and thepilot project of low-carbon port area in the Meishan Port Area.

Promote the use of LED lights and other green lighting ?xtures in terminals, yards, roads, large harbormachinery and buildings, and the coverage rate of LED energy-saving lights in key energy-using unitsreached 80%.

Promote the adoption of an intelligent energy management system, optimize and enhance the port'senergy consumption statistics and analysis. Implement the construction of a comprehensive smart energymanagement system across the entire port area to gradually achieve intelligent management of variousenergy sources, including electricity, water, and fuel.

2024 Energy Conservation and EmissionReduction Plan

2024 Energy Conservation and Emission Reduction Plan

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General meeting of shareholders held (session)Announcement disclosure (?les)Performance brie?ng sessions held (number)SSE interactive question response (number)Cash dividends distributed (RMB billion)

Units that have passed ISO 37301 Compliance Management System Certi?cation (number)Legal review rate of economic contracts, major decisions, rules and regulations (%)Units that have established an internal control standard system (number)

Safety Supervision and InspectionInspections conducted (times)Recti?cation completion rate (%)Safety Hazard InspectionInspections conducted (item)Detection rate (%)Safety Drills and TrainingSafety drills (?eld)

Total safety training attendance (person-times)Total safety training hours (hours)

Employee safety responsibility assessment coverage rate (%)Coverage of employee labor protection equipment distribution (%)Health examination coverage rate of new employee (%)Annual health examination coverage rate of current employee (%)Basic medical insurance employee coverage rate (%)

Integrity-related positions and operation points established (number)Integrity education and training sessions (times)

Operation points that have conducted corruption risk assessments (number)Con?rmed corruption incidents during the reporting periodTotal anti-corruption training hours (hours)Total number of anti-corruption training sessions (person-times)

Proportion of procurement expenditure from local suppliers (%)Suppliers Distribution Total number of suppliers (number)Mainland China, Hong Kong, Macau and Taiwan (number)Other countries or regions (number)

Occupational Health and Safety

Annual ESG Performance DataGovernance Data

Indicators

Indicators

Integrity Building

Anti-corruption

Supplier

Shareholders and Investors

Risk Management

Safety Management

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Social DataIndicators

IndicatorsEmployee Pro?le

Recycling

Other recycling operations- Direct disposal Incineration (with energy recovery) Incineration (without energy recovery) Land?ll

Other disposal operations

Chemical oxygen demand (COD) discharge (tons)Total phosphorus (TP) (tons)Total nitrogen (TN) (tons)Ammonia nitrogen (NH3-N) (tons)Total wastewater discharge (tons)Wastewater discharge intensity (million liters/RMB million revenue)

Total number of employees (persons)By employment type Full-time Part-timeBy contract Permanent employee Temporary employee Non-regular employeeBy gender Male FemaleBy age 30 years old and below 31-50 years old Over 50 years oldBy grade Management General employees

Fresh water usage (tons)Recycled water usage (tons)Percentage of recycled water usage (%)Total water resources usage (tons)Water resource usage intensity (tons/RMB million revenue)

Permanent employee: Employees on permanent contractsTemporary employees: Employees on contracts of limited duration (i.e., ?xed-term contracts)Management: Division level and above

Wastewater

Water Resources

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By regionChina (including Hong Kong, Macau and Taiwan)Other countries or regionsBy educational structure Graduate students (including master's degree)UndergraduateCollegeTechnical secondary school, high school and below

Total number of new employees (persons)By gender Male FemaleBy age 30 years old and below 31-50 years old Over 50 years old

30 years old and below 31-50 years old Over 50 years oldEmployee turnover rateBy gender Male FemaleBy age 30 years old and below 31-50 years old Over 50 years old

Total number of employees lost (person)

By genderMaleFemaleBy age

Proportion of senior management hired from local areaProportion of management hired from local areaProportion of women in management positions

By genderMale

Proportion of employees who received performance evaluation and careerdevelopment assessment during the reporting periodNumber of employees who received performance evaluation and careerdevelopment assessment during the reporting period

Indicators

Indicators

Diversi?cation

Performance Evaluation and Career Development Assessment

New Employees

Employee turnover

Turnover rate for each category = number of employees who left during the year in that category / totalnumber of employees in that category as at the end of the year.Local area: Registered residence or ID card address in Zhejiang ProvinceSenior management: Executives of joint-stock companies

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IndicatorsIndicators

Employee Care

Public Welfare Investment

Parental Leave

Employee Training

Employee training data includes employee professional knowledge and skills training, occupational safetyand health training and anti-corruption training.

FemaleBy grade Management General employees

Investment in employee assistance and consolation money (RMB 10,000)

Charity donation (RMB 10,000)Public service (hours)

General employeesTotal employee training hours (hours)By gender Male FemaleBy gradeManagementGeneral employeesAverage number of training hours per employee (hours)By genderMaleFemaleBy gradeManagementGeneral employees

Total annual training expenditures (RMB10,000)Total number of employees trained (persons)

By gender Male FemaleBy grade Management

Total number of employees taking parental leave (persons)

By gender Male FemaleTotal number of employees who returned to work during the reporting period afterparental leave (persons)By gender Male Female

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Reporting Standards IndexService DataIndicators

Reporting Chapters GRI Standards

01 Governance Chapter

ESG Metrics System for ESG Reports of Listed CompaniesControlled by Central State-owned Enterprises2-1 Organizational details2-2 Entities included in the organization’ssustainability reporting2-3 Reporting period, frequency andcontact point2-22 Statement on sustainabledevelopment strategy2-28 Membership associationsParty Building andParty Leadership

CorporateGovernance

ESGGovernance

Investor RelationsManagement

2-10 Nomination and selection of thehighest governance body2-12 Role of the highest governance bodyin overseeing the management of impacts2-13 Delegation of responsibility formanaging impacts2-13 Delegation of responsibility formanaging impacts2-14 Role of the highest governance bodyin sustainability reporting2-17 Collective knowledge of the highestgovernance body2-26 Mechanisms for seeking advice andraising concerns2-29 Approach to stakeholder engagement3-1 Process to determine material topics3-2 List of material topics3-3 Management of material topics

2-16 Communication of critical concerns2-29 Approach to stakeholder engagement

G1.1.4 Party building leadsG1.1.1 Governance strategy formulationG1.1.2 Governance policy supervision processG1.1.3 Approval and review process of governance policyG1.2.1 Ownership responsibilitiesG1.2.2 Organizational structure and functions of the Boardof Directors, the Board of Supervisors and the ManagementG1.2.3 Appointment procedures and composition of theBoard of Directors, the Board of Supervisors and theManagement

G3.1.1 Investor relations management strategyG3.1.2 Investor communicationG3.1.3 Construction of an investor relations managementdepartmentG3.2.1 Shareholders' Meeting (General Meeting)G3.2.2 Shareholder communicationG3.2.3 Shareholders' right to know and participate indecision making

About this ReportInterpretation of theReportBoard StatementChairman's MessageAbout Us

Service E?ciency

Berthing E?ciency of 200,000-ton Container Ships (TEUs/hour)Average e?ciency of 400,000 tons of ore ships at berth (tons/hour)Maximum ship-time e?ciency (TEUs/hour) Average mainline ship hour e?ciency (TEUs/hour) Average mainline berthing e?ciency (TEUs/hour)

Customer Satisfaction

Satisfaction rate among petitioners (%)Product Health and Safety Incidents of non-compliance concerning the health and safety impacts of products and servicesNumber of complaints for safety and health reasonsMarketing and LabellingIncidents of non-compliance concerning product and service information and labelingIncidents of non-compliance concerning marketing communications

Smart PortPatents granted (number)New patents (number)

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Reporting Chapters GRI Standards

ESG Metrics System for ESG Reports of Listed CompaniesControlled by Central State-owned Enterprises

Reporting Chapters GRI Standards

ESG Metrics System for ESG Reports of Listed CompaniesControlled by Central State-owned Enterprises

InformationDisclosure

Risk Control

IntellectualProperty Rights

SafetyManagement

IntegrityBuildingBusinessEthics

SupplierManagement

EnvironmentalProtection

EnergyConservation,EmissionReduction andthe "DualCarbon" Goal

Smart LowCarbon

2-25 Processes to remediatenegative impacts

403-1 Occupational health and safetymanagement system403-2 Hazard identi?cation, riskassessment, and incident investigation403-3 Occupational health services403-4 Worker participation,consultation, and communication onoccupational health and safety403-5 Worker training on occupationalhealth and safety403-6 Promotion of worker health403-7 Prevention and mitigation ofoccupational health and safety impactsdirectly linked by business relationships403-8 Workers covered by anoccupational health and safetymanagement system403-10 Work-related ill health2-16 Communication of criticalconcerns205-2 Communication and trainingabout anti-corruption policies andprocedures

2-6 Activities, value chain and otherbusiness relationships204-1 Proportion of spending on localsuppliers

303-1 Interactions with water as ashared resource303-2 Management of waterdischarge-related impacts303-3 Water withdrawal303-4 Water discharge304-2 Signi?cant impacts of activities,products and services on biodiversity305-7 Nitrogen oxides (NOx), sulfuroxides (SOx), and other signi?cant airemissions306-1 Waste generation and signi?cantwaste-related impacts306-2 Management of signi?cantwaste-related impacts306-3 Waste generated306-4 Waste diverted from disposal306-5 Waste directed to disposal

201-2 Financial implications and otherrisks and opportunities due to climatechange302-1 Energy consumption within theorganization302-3 Energy intensity305-1 Direct (Scope 1) GHG emissions305-2 Energy indirect (Scope 2) GHGemissions305-4 GHG emissions intensity

S3.1.1 Supplier selection and managementS3.1.2 Number and distribution of suppliersS3.2.1 Policies and measures in supply chain managementS3.2.3 Signi?cant risks and impacts (supply chain)

E.1.1.1 Fresh water usageE.1.1.2 Circulating water consumptionE.1.1.3 Percentage of recycled water usageE.1.1.4 Intensity of water consumptionE.2.1.1 Wastewater discharge complianceE.2.1.2 Wastewater management and abatementmeasuresE.2.1.3 Wastewater dischargeE.2.1.4 Wastewater pollutant emissionsE.2.2.1 Waste gas emission complianceE.2.3.1 Legal compliance for solid waste disposalE.2.3.2 General industrial solid waste managementE.2.3.3 General industrial solid waste disposalE.2.3.4 Hazardous waste managementE.2.3.5 Hazardous waste disposal volumeE.4.1.1 Impact of production, services and products onbiodiversityE.5.2.1Water use managementE.5.5.1 Environmental management system certi?cation

E.1.3.1 Fossil energy consumptionE.1.3.2 Non-fossil energy consumptionE.1.3.3 Proportion of non-fossil energy useE.1.3.5 Energy intensityE.3.1.2 Greenhouse gas emissions managementE3.1.3 Scope I emissionsE3.1.4 Scope II emissionsE3.1.6 Greenhouse gas emission intensityE3.2.1 Greenhouse gas reduction managementE3.2.2 Greenhouse gas emission reductionsE.3.4.1 Climate risk managementE.5.1.1 Low -carbon development goal -setting andstrategic measuresE.5.2.3 Energy use and energy conservation managementE.5.4.4 Green o?ce and operationsE3.2.1 Greenhouse gas emission intensity

G4.1.1 Financial disclosureG4.1.2 Non-?nancial disclosureG4.2.1 Regular monitoring, auditing and evaluationof all disclosuresG2.1.1 Internal auditG2.1.2 Structure, mechanism and process ofinternal controlG3.3.1 Credit situationG3.3.2 Bond market complianceG5.1.1 Compliance management systemG5.1.2 Status of compliance system developmentG5.1.3 Compliance review speci?c processesG5.2.1 Risk identi?cation and early warningG5.2.2 Risk control and trackingG5.2.3 Risk reporting and managementS2.3.3 Achievements in innovationS2.3.4 Protection of intellectual property

S1.3.1 Employee occupational health and safetymanagementS1.3.2 Employee safety risk prevention and controlS1.3.3 Responding to safety accidents andworkplace InjuriesS2.1.1 Policies and measures for standardizedmanufacturing management

G2.2.1 Regulations and norms of integrityconstructionG2.2.2 E?ectiveness of integrity constructionmeasuresG2.3.1 Regulations and norms of fair competitionG2.3.2 E?ectiveness of fair competition measures

02 Environmental Chapter

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Reporting Chapters GRI Standards

ESG Metrics System for ESG Reports of Listed CompaniesControlled by Central State-owned Enterprises

Reporting Chapters GRI Standards

ESG Metrics System for ESG Reports of Listed CompaniesControlled by Central State-owned Enterprises

Supporting the"the Belt andRoad" InitiativeAcceleratingOpenness andDevelopmentPromotingRegionalEconomicDevelopmentPromotingRuralRevitalizationEmbracingCorporateSocialResponsibility

Moving ForwardTogether withEmployees

Service QualityServiceE?ciency

Customer Service

Smart Port

The 14thFive-Year Plan forDevelopmentESGDevelopmentPlan2024 EnergyConservation andEmissionReduction Plan

Annual ESGPerformance Data

ReportingStandards IndexLaws andRegulationsComments &Feedback

203-1 Infrastructure investments andservices supported203-2 Signi?cant indirect economicimpacts

203-1 Infrastructure investments andservices supported203-2 Signi?cant indirect economicimpacts

2-7 Employees201-3 De?ned bene?t plan obligationsand other retirement plans401-2 Bene?ts provided to full-timeemployees that are not provided totemporary or part-time employees401-3 Parental leave405-1 Diversity of governance bodiesand employees

2-6 Activities, value chain andother business relationships417-3 Incidents ofnon-compliance concerningmarketing communications418-1 Substantiated complaintsconcerning breaches of customerprivacy and losses of customerdata

404-1 Average hours of training peryear per employee404-3 Percentage of employeesreceiving regular performance andcareer development reviews416-2 Incidents of non-complianceconcerning the health and safetyimpacts of products and services417-2 Incidents of non-complianceconcerning product and serviceinformation and labeling2-27 Compliance with laws andregulations

S2.1.4 Negative events for products or servicesS2.2.1 Customer satisfactionS2.2.2 Customer complaints and responsesS2.2.3 Customer information and privacy protectionS3.1.1 Supplier selection and managementS3.1.2 Number and distribution of suppliersS3.2.1 Policies and measures in supply chainmanagementS3.2.2 Supply chain security assurance andcontingency plansS3.2.3 Signi?cant risks and impacts (supply chain)S2.3.1 R&D and innovation management systemsS4.4.1 Industrial transformation

S4.4.3 The Belt and Road and overseas responsibilityful?llment

S4.1.1 Payment of taxes and fees

S4.2.2 Contribution and impact on local communitiesS4.2.1 Policies and measures in local community buildingS4.2.2 Contribution and impact on local communitiesS4.3.1 Policies and measures to participate in social welfareactivitiesS4.3.2 Investment and performance in social welfare activitiesS4.4.4 Industry characteristics and performance of othersocial responsibilitiesS1.1.1 Corporate recruitment policy and implementationS1.1.2 Employee structureS1.1.3 Avoidance of child or forced laborS1.2.1 Compensation philosophy and policyS1.2.2 Working hours and rest and vacationS1.2.3 Security of remuneration and bene?tsS1.2.4 Democratic management of employeesS1.3.4 Employee care and supportS1.4.1 Employee incentive and promotion policyS1.4.2 Employee education and trainingS1.5.1 Employee satisfaction surveyS1.5.3 Employee turnover

S2.1.2 Quality management

03 Social Chapter

04 Service Chapter

05 Future Chapter

Appendix

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Laws and Regulations

Governance

Governance

Environmental

Company Law of the People's Republic of ChinaSecurities Law of the People's Republic of ChinaCriminal Law of the People's Republic of ChinaAnti-monopoly Law of the People's Republic of ChinaAnti-money Laundering Law of the People's Republicof ChinaAnti-Unfair Competition Law of the People's Republicof ChinaWork Safety Law of the People's Republic of ChinaLaw of the People's Republic of China on Preventionand Control of Occupational DiseasesLaw of the People's Republic of China on thePrevention and Treatment of Infectious DiseasesAudit Law of the People's Republic of ChinaSupervision Law of the People's Republic of ChinaTrademark Law of the People's Republic of ChinaPatent Law of the People's Republic of ChinaLaw of the People's Republic of China on Preventionand Control of Occupational DiseasesUnited Nations Convention against CorruptionForeign Corrupt Practices ActProvisions on the Safety Management of HazardousGoods at PortsInternational Maritime Dangerous Goods CodeRegulation on the Urgent Handling of Public HealthEmergenciesProvisions on the Supervision and Administration ofOccupational Health at Work SitesNational Occupational Disease Prevention and ControlPlan (2021-2025)Measures for the Investigation and Management ofHidden Dangers in Safety Production AccidentsCode of Corporate Governance for Listed CompaniesRegulations on Internal Audit WorkBasic Rules for Internal AuditingListing Rules of Shanghai Stock Exchange

Articles of AssociationRules of Procedure of the Shareholders’General MeetingsRules of Procedure of the Board of DirectorsRules of Procedure of the Board of SupervisorsA?liated Transactions Management SystemFundraising Management System ExternalGuarantee Management SystemInvestor Relations Management SystemRegistration System for Insider InformationDebt Financing Instrument InformationDisclosure SystemInternal Management System for InformationDisclosure Suspension and ExemptionBusinessGeneral Manager's Work RulesIndependent Director Work SystemRules of Procedure for the Board SecretaryRules of Procedure for the Audit Committee ofthe Board of DirectorsNomination Committee Work RulesStrategic Committee Work RulesCompensation and Appraisal Committee WorkRulesInformation Disclosure Management SystemInvestment Management SystemStock Trading Management System for byDirectors, Supervisors and Senior ExecutivesMajor Information Management SystemAssessment Measures for Major InformationManagement of Branches and SubsidiariesESG Committee Work RulesESG Management SystemESG Information Disclosure ManagementSystemCompliance Management MeasuresRules of Procedure of the ComplianceManagement CommitteeCompliance Risk Management ImplementationRulesCompliance Inspection Implementation Rules

Compliance E?ectiveness AssessmentImplementation RulesCompliance Management AssessmentImplementation RulesCompliance Review ManagementImplementation RulesDomestic Equity Investment ComplianceGuidelinesBusiness Partner Compliance ManagementRegulationsSupplier Management MeasuresContract Management RegulationsContract Management Work AssessmentMeasuresContract Text Quality StandardsContract Text Management MeasuresInternal Control Self Evaluation MeasuresInternal Audit Work RegulationsSafety Production Risk Classi?cation andControl RegulationsDangerous Goods Operation Safety ControlSystemLabor Protective Equipment IssuanceStandards and Management RegulationsOccupational Health Management RegulationsOccupational Disease Hazard Prevention andControl Responsibility SystemEmployee Health Examination ManagementMeasuresInformatization Management MeasuresInformation Security Management MeasuresDiscipline Inspection and SupervisionInformation Reporting Work System

Measures for the Administration of InformationDisclosure by Listed CompaniesGuidelines for Self-discipline Regulation of ListedCompaniesBasic Norms for Enterprise Internal ControlEnterprise Internal Control Application GuidelinesAdministrative Measures for the Legal Disclosure ofEnterprise Environmental InformationSafety Production Risk Classification and ControlRegulations

Environmental Protection Law of the People's Republic ofChinaMarine Environmental Protection Law of the People'sRepublic of ChinaLaw of the People's Republic of China on the Prevention andControl of Water PollutionLaw of the People's Republic of China on the Prevention andControl of Atmospheric PollutionLaw of the People's Republic of China on the Prevention andControl of Solid Waste Pollution

Ecological Environment ProtectionManagement RegulationsEnvironmental Protection ManagementRegulationsHazardous Waste Storage ManagementStandardsGeneral Solid Waste Management MeasuresEnvironmental Incidents Investigation andHandling Regulations

Level Comply with laws and regulations The Company's main internal system

Level Comply with laws and regulations The Company's main internal system

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

Phase II (2025-2026):

EnvironmentalService

Social

Emergency Plan for Sudden EnvironmentalPollution IncidentsEnvironmental Protection TargetResponsibility System Assessment MeasuresEnvironmental Protection TargetManagement Responsibility LetterMetrological Management MeasuresSanitation and Environmental ProtectionTarget Responsibility System AssessmentMeasuresTyphoon Prevention Work SystemMeasures for the Management of Ship ShorePowerEnergy Conservation Management MeasuresMeasures for the Management of ElectricitySupply and Consumption

Labor Law of the People's Republic of ChinaLabor Contract Law of the People's Republic of ChinaLaw of the People's Republic of China on the Protection ofDisabled PersonsLaw of the People’s Republic of China on the Protection ofRights and Interests of WomenTrade Union Law of the People's Republic of ChinaLaw of the People's Republic of China on the Promotion ofRevitalization of Rural AreasSpecial Provisions on Labor Protection for FemaleEmployeesLaw of the People's Republic of China on the Protection ofMinorsSpecial Protection Provisions for Juvenile WorkersProvisions on the Prohibition of Using Child LaborPopulation and Family Planning Regulations

Law of the People's Republic of China on PortsLaw of the People's Republic of China on ProductQualityWork Safety Law of the People's Republic of ChinaLaw of the People's Republic of China on theProtection of Consumer Rights and InterestsPersonal Information Protection Law of the People'sRepublic of ChinaAdvertisement Law of the People's Republic of ChinaIntellectual Property Law of the People's Republic ofChinaCybersecurity Law of the People's Republic of ChinaRegulations of the People's Republic of China forSafety Protection of Computer Information Systems

Ship Agency Enterprise Classi?cationManagement MeasuresContainer Vessel Company OperationalCoordination KPI Evaluation SchemePort Operation Charging Management MeasuresPort Operation Contract Management MeasuresProduction and Business Information DataUsage Management MeasuresBulk Cargo Handover Management andOperation RegulationsCargo Quality Management MeasuresMonthly Service Quality Evaluation MeasuresProduction Scheduling Operation Proceduresand Assessment MeasuresBasic Standards for Providing Shore-based FuelOil to ShipsSea-Rail Intermodal Container CargoProcurement Subsidy Fund ManagementMeasuresCustomer Credit Management MeasuresVessel Schedule Ful?llment Rate Assessmentand Management MeasuresContainer Service Quality Standards andAssessment MeasuresBulk Cargo Service Quality Standards andAssessment Measures TechnologyProject Management MeasuresTotal Wages Management MeasuresManagement (Technical) PersonnelManagement MeasuresEmployee Reward and Punishment MeasuresPerformance Appraisal and RemunerationManagement Measures for ManagersEmployee Education and TrainingManagement MeasuresEmployee Supplementary Medical AssistanceSpecial Fund Implementation Measures

Law of the People's Republic of China on Noise PollutionPrevention and ControlRegulations of the People's Republic of China on the SafeOperation and Pollution Prevention Management of ShipsThe Yangtze River Protection Law of the People's Republicof ChinaEnergy Conservation Law of the People's Republic of ChinaMetrology Law of the People's Republic of ChinaWater Law of the People's Republic of ChinaElectricity Law of the People's Republic of ChinaLaw of the People's Republic of China on the Promotion ofClean ProductionEmergency Response Law of the People's Republic ofChinaLaw of the People's Republic of China on Appraising ofEnvironment ImpactsMeasures for the Administration of Port and Ship ShoreElectricityFlood Control Regulations of the People's Republic ofChinaImplementation Scheme of the Domestic Emission ControlAreas for Atmospheric Pollution from VesselsRegulation on the Prevention and Control ofVessel-induced Pollution to the Marine EnvironmentMeasures for Investigation and Handling of SuddenEnvironmental IncidentsRegulations of the People's Republic of China on Supplyand Use of Electric PowerRules of Power Supply Business

Level Comply with laws and regulations The Company's main internal systemLevel Comply with laws and regulations The Company's main internal system

Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix

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Preface to the ReportGovernance ChapterEnvironmental ChapterSocial Chapter Service ChapterFuture ChapterAppendix