Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

About the reportMessage from the ChairmaAbout Anjoy

..............................................

...................................................................................

.................................................................................................................................................................................................

........................................................................

...................................................

.................................

...............

..........................................................................

...................................................................................................................................................................................

......................................................................

..............................................................

..................

..........................................................................................

.................................................

Introduction

Corporate GovernanceRisk ControlBusiness Ethics

Food Quality and SafetyResearch, Developmentand InnovationNutrition and HealthCustomer ServiceData Security

Supplier CollaborativeDevelopmentProtection of Smalland Medium-sizedEnterprises

Social ContributionsRural Revitalization

ESG Key PerformanceIndex of HKEx IndicatorsIndex of SSE IndicatorsReader FeedbackSta? Recruitment and EmploymentEmployee Salaries and Bene?tsEmployee CommunicationEmployee Training andDevelopmentOccupational Health and Safety

Green OperationClimate Change ResponseClean ProductionWater Resources ManagementEnergy UtilizationEcosystem and Biodiversity ProtectionGreen Supply Chain Construction

Compliant andLaw-abiding Operators

Innovative ProductDeveloper

Bearer of IndustryResponsibility

Builder of Society andRural Areas

AppendixCreator of EmployeeHappinessGuardian of Lucid Watersand Lush Mountains

CONTENTS

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Introduction

Introduction of the Report

<The Environmental, Social, and Governance (ESG) Report 2024> (hereinafter referred toas the ‘Report’) aims to truthfully disclose the Company's ESG performance in FY2024,and to publicly demonstrate to stakeholders Anjoy's thinking and actions on sustainabilitymanagement, and to respond to the expectations and concerns of stakeholders, achievee?ective communication with various stakeholders.Report ScopeThis report mainly describes the work of the Company and its subsidiaries from 1 January 2024to 31 December 2024 in operation and management, environmental responsibility, employeeresponsibility, public welfare and charitable responsibility and other stakeholder responsibility.In order to enhance the comparability and forward-looking nature of the report, some of thecontents have been extended appropriately.Report AccessThis report is published online. The internet version can be viewed and downloaded from thewebsite of the Shanghai Stock Exchange (www.sse.com.cn) and the Company (www.anjoyfood.com).

About the Report

This report's contents are guaranteed to be true, accurate, and comprehensive by the Board of Directors andall of the Company's directors, and also assume personal and joint liability for any false records of deceptivestatements or material omission.

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Preparation Basis

Source of DataThe ?nancial data in this report are from the Company's 2024 Annual Report, and the currencies involvedin the report are all measured in RMB and audited by Lixin Certified Public Accountants (Special GeneralPartnership); other data are from the Company's internal statistics, some of which are appropriately tracedback to previous years, and do not contain any false records, misleading statements or material omissions.Description of titles

For the convenience of expression and reading, in this report, "Anjoy Group", "Anjoy", "we", and "theCompany" refer to Anjoy Foods Group Co., Ltd. and its subsidiaries; "Anjoy Food" and "Xiamen Base" referto Anjoy Foods Group Co., Ltd. For the designations of some subsidiaries of Anjoy Group, please refer to thefollowing table.

International standards and basis

Company abbreviationFull company name

Domestic standards and basis

◆Recommendations of the Task Force onClimate-related Financial Disclosures (TCFD)◆Global Reporting Initiative (hereinafter‘GRI’) Sustainability Reporting Standards (GRI

Standards)

◆Morgan Stanley Capital International ESGRating Criteria (i.e., ‘MSCI ESG Ratings’)

Wuxi Watson, Wuxi baseWuxi Huashun Minsheng Foods Co., Ltd.

Hubei Anjoy, Hubei baseHubei Anjoy Foods Co., Ltd.

Honghu AnjoyHonghu Anjoy Food Co., Ltd.

Liaoning Anjoy, Liaoning baseLiaoning Anjoy Foods Co., Ltd.

Guangdong AnjoyGuangdong Anjoy Foods Co., Ltd.

Hubei AnrunHubei Anrun Foods Co., Ltd.

Taizhou Anjoy, Taizhou baseTaizhou Anjoy Foods Co., Ltd.

Henan Anjoy, Henan baseHenan Anjoy Foods Co., Ltd.

Frozen goodsXiamen Anjoy frozen goods supply chain Co., Ltd.

Sichuan Anjoy, Sichuan baseSichuan Anjoy Foods Co., Ltd..

Shandong Anjoy, Shandong baseShandong Anjoy Foods Co., Ltd.

XinhongyeHonghu Xinhongye Foods Co., Ltd.XinliuwuKung Fu Food

Hubei Xinliuwu Foods Group Co., Ltd.Oriental Foods Express Ltd.

◆Shanghai Stock Exchange's Self-RegulatoryGuidelines for Listed Companies on theShanghai Stock Exchange No. 14 - SustainabilityReport (for Trial Implementation)◆Appendix C2 Code on Environmental, Socialand Governance Reporting of the Main BoardListing Rules of the Hong Kong Exchanges andClearing Limited

Messagefrom the Chairman

Looking back to 2024, in the face of the complex and severesituation of increasing external pressure, internal difficultiesand fierce market competition, expanding domestic demand,especially consumer demand, by benefiting the people'slivelihood and promoting consumption has become the keyto smooth the domestic cycle. As a listed leading enterprise inthe frozen food industry, Anjoy Foods continues to uphold thedevelopment concept of ‘pursuing progress while ensuringstability’, actively adapts to the development and changes ofthe industry and the market, and achieves steady developmentthrough a series of initiatives such as innovation drive, optimizationof layout, and strengthening of management.The Company adhered to the original intention and followedthe business strategy of ‘three-pronged advancement’ of uick-frozen flavored and processed products, quick-frozen prepareddishes and quick-frozen flour and rice products and the channelstrategy of ‘BC balance, full channel force’, and continued to

make great efforts in the field of frozen food to further enhancethe competitiveness of large single products in all channels andconsolidate its leading position in the industry; the Company hasalso strengthened the competitiveness of large single productsand consolidated its leading position in the industry. At thesame time, the Company has given full play to the competitiveadvantages of rich product matrix and channel sinking, optimizedchannel layout, increased investment in emerging channels suchas group meals, strengthened regional products and competitionin regional markets, increased the proportion of medium-and high-end products, and improved the added value of theCompany's products and brand reputation. In 2024, the companyachieved operating income of 15.127 billion yuan, up 7.70% year-on-year. Among them, both quick-frozen flavored and processedproducts, quick-frozen prepared dishes segments achieveddouble-digit growth in operating income.

Under the market environment of rising restaurant

Keeping the Beginning andPractising the Mission，

Starting a New Journey ofInnovative Development

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

chain rate and increasing demand for product customizationof special-purpose channels and new retail platforms, theCompany has responded to the times and the trend by carryingout localized R&D and channel development in the regionswhere its production bases are located in conjunction with themarket characteristics, and proactively embracing medium-to-large-sized catering chains and platforms for customized BigB customers. The R&D, quality, marketing, branding and otherprofessional teams distributed around the world work closelytogether, actively docking with the local catering ecosystem,and exploring and carrying out customized production in linewith the B-end catering market. In January 2024, the Companysigned a strategic cooperation agreement with Zhang LiangEnterprise Management (Group) Co., Ltd., a well-known brandof spicy hot pots, to set up a mechanism for information sharingand to empower in joint R&D, product services, brand promotion,channel construction, etc.; In 2024, total sales of 172 million yuanwere achieved, representing nearly 100 per cent year-on-yearsales growth.Product innovation is the core driving force of enterprisedevelopment. In order to meet the increasingly diversifiedneeds of consumers, the Company adheres to the market-oriented principle and always focuses on the strategic core ofcreating explosive products. In 2024, the Company includedvolcanic stone grilled sausage and other grill channel productsin its annual promotion priorities, and took multiple measuresto launch multi-specification and multi-flavor grilled sausageproducts, covering a variety of channels, such as supermarkets,vegetable shops, grill shops and canteens, and strived to buildthe second growth curve of the enterprise. The Company's mainbrands continued to advance along the route of mid-to-high-endwith the help of the Lock&Load series, Volcanic Grilled Sausage,Shrimp Paste, Steamed dumplings and Wanzhizun series, whilestar products such as the crispy fried pork of sub-brands AnjoyXiaochu and the Beef and Lamb Rolls of Frozen goods were alsowell received by the market and achieved a brilliant performance.In June 2024, Anjoy Foods Select Volcanic Grilled Sausage wasawarded as the champion of the category of 2024 China's NewFood Ingredients (Media), which is the first time that Anjoy Foodshas launched a new food product in China. The Company's large

single-product strategy and multi-brand portfolio strategy haveyielded another fruitful result.During the year, the Company upgraded and optimized itsdata warehouse, network architecture and customer servicesystem, introduced the ONES management project, andstrengthened the security protection of hardware and softwareto better protect the stable operation of its business; in thedigitalization of management, the Company improved theefficiency of its financial and risk prevention and control workby putting on-line consolidated statements, implementing arisk control system, and optimizing contract management; inthe digitalization of marketing and production, the Companyupgraded and replaced a number of business systems bydeveloping large-screen reports to assist decision-making, anddeveloped its own WMS system to serve a number of customers,and built a supplier scoring system. In the digitalization ofmarketing and production, the informationization level ofmarketing and production was further improved through thedevelopment of large-screen reports to assist in decision-making, upgrading and replacing multiple business systems, self-developed WMS system to serve multiple customers, assistingdistributors in private marketing through public numbers, andsetting up a supplier scoring system, among other measures.The Board of Directors of Anjoy Foods attaches greatimportance to the improvement of the Company's quality,pays close attention to the capital market's reflection of theCompany's value, and has actively responded to the policycall to develop a market value management system. By firmlyestablishing the awareness of returning to shareholders, takingmeasures to protect the interests of investors, especiallysmall and medium-sized investors, doing a good job ofinvestor relationship management on the basis of promotingthe improvement of the level of operation and the qualityof development, and actively taking measures to boostinvestor confidence, we have strongly ensured that the marketcapitalization management activities are in harmony with theoverall strategy of the Company. Since its listing in 2017, theCompany has paid cash dividends 11 times, with a cumulativedividend amount of 2.449 billion yuan, effectively enhancinginvestors' sense of gain. In 2024, the Company wrote into its

articles of association an annual cash dividend ratio of not lessthan 40%, and in the half-year of 2024, the Company adopteda dividend ratio of 57.5%, and in the third quarter of 2024, thecompan increased the dividend distribution ratio to 65%. 2024,the company's cumulative dividend amount is expected to be

1.040 billion yuan (including tax), accounting for 70.05% of the

company's 2024 consolidated statement of net profit attributableto shareholders of listed companies (audited). Share the fruits ofhigh-quality development with investors.In 2024, the comprehensive strength and high-qualitydevelopment of the Company were fully affirmed by the industry,the state and the local community again: the Company wasawarded the 2024 Hurun Top 100 Chinese Prepared VegetableProducers and ‘Most Powerful Chinese Prepared VegetableProducers’; the wholly-owned subsidiary, Sichuan Anjoy, wasawarded the National Sichuan Anjoy, a wholly-owned subsidiaryof the Company, was awarded the ‘National May 1st LaborCertificate’; Liaoning Anjoy was awarded the honorary titleof ‘Outstanding Contributing Enterprise’ in the first year ofthe three-year action of Liaoning Province's comprehensiverevitalization and breakthrough, and was successfully recognizedas one of the eighth batch of national key leading enterprises inagricultural industrialization. In addition, the Company has alsowon awards in various fields, such as being ranked 5th in the ‘Top100 Food Ingredients Suppliers to China's Catering Enterprises’and 349th in the ‘Top 500 Global Consumer Brands’ by AiMediaConsulting, and being listed in the ‘Manufacturing LeadingEnterprises’ in the list of 2024 and 2024 by the Department ofIndustry and Information Technology of Fujian Province. WuxiAnjoy Food Marketing Co., Ltd. has been ranked among China'stop 500 service enterprises for three consecutive years, andthe ranking continues to rise. 2025, the Company has also beenlisted on the list of ‘Hurun China's Top 500 Non-State-OwnedEnterprises in 2024’, and shortlisted for ‘the first batch ofChina's famous consumer brands’ by the Ministry of Industryand Information Technology. The Company was also listed onthe ‘2024 Hurun China Top 500 Non-State Owned Enterprises’and shortlisted by the Ministry of Industry and InformationTechnology (MIIT) as one of the ‘First Batch of Famous ChineseConsumer Products’.As a listed leading enterprise in the frozen food industry, in2024, the Company obtained the highest grade A (for the secondconsecutive year) in the annual rating of information disclosurework of the Shanghai Stock Exchange, and was awarded the titleof ‘Top 100 Mainboard Listed Companies in Terms of Value’ bythe People's Daily's ‘Securities Times’.The year 2025 is the concluding year of the ‘14th Five-Year Plan’ and a critical year for the preparation of the ‘10thFive-Year Plan’, and the Central Economic Work Conference inDecember 2024 set out the economic work in 2025, with the focuson boosting consumption and expanding domestic demand onall fronts. The Central Economic Work Conference in December2024 set out the economic work for 2025, and made boostingconsumption and expanding domestic demand in all aspects oneof the key tasks for 2025.

Today's consumer market presents many new trends,personalized and diversified goods have become the choice ofmore consumers. In particular, emerging consumer groups aremore concerned about quality and price, product quality andperformance, as well as emotional value, and the rise of theconcept of sustainable consumption. Along with the continuousdevelopment of the economy, demographic structure andlifestyle changes, China's per capita consumption of frozenfood than the developed market is still there is greater roomfor improvement, the industry concentration of enterprisesis expected to further increase in product research anddevelopment, channel promotion, branding and other aspectsof the integrated advantages of the enterprise will be betteradapted to the market changes, with a greater potential fordevelopment.In the firm development of confidence at the same time,Anjoy food is also clearly aware that the industry is facing‘consumption downgrade’, ‘overcapacity’ and ‘priceinvolution’, and other new challenges. In fact, from the endof 2023 onwards, consumers' pursuit of cost-effective moreand more intense, and many brands in the catering industry tofurther active or passive price reductions, the industry in general,“increase revenue but not increase profits” unfavorablesituation. Another crayfish industry, for example, with industry inrecent years, even overheating, accelerated entry of capital andthe supply side of the rapid expansion of shrimp tail and crayfishprices continue to decline, the relevant business pressuresincreased steeply. In addition, in the frozen food industry,including China's FMCG market channel differentiation, thefragmentation trend is also becoming more and more obvious.In the face of the new market situation and industryopportunities, the Company once again focused on ‘channel-driven, cost-driven, brand-driven, digitally-driven, product-driven, strategy-driven and culture-driven’ as the seven majordriving forces for growth, and committed itself to the sustainabledevelopment of the Company. At the start of 2025, the Companyhas had a smooth opening, with production and sales in orderand continued to operate efficiently.

In terms of new product research and development, theCompany has continued to build on the initial success of thegrill channel products such as volcanic stone grilled sausagesin 2024: optimizing formulas in production to enhance productprofitability; and shifting from B-end to C-end in marketing tofurther expand market share. The Company's first product, theLock Fresh Pack series, will continue to be miniaturized andstriped, and develop into a high-end product to increase sales,improve profits and upgrade the brand. In the hot pot materialproducts, the Company will increase the promotion of spicy hotpot channel general products, such as tiger skin fried eggs. Basedon the resources of Honghu Anjoy surimi, the company developsseries of products such as tender fish ball, crayfish, fish paste,lucky bag serialization, shrimp paste, etc., and continuouslyenriches the product line.

In terms of refined management, Anjoy continues todeepen the adjustment of its organizational structure, optimizemanagement methods, and improve its management level.

Revenue reached RMB

15.127

billionrepresenting a year-on-year increase of

7.70%

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

About Anjoy

Enter Anjoy

Established in December 2001, Anjoy Foods GroupCo., Ltd. is mainly engaged in research and development,production and sales of frozen food products such asquick-frozen flavored and processed products, quick-frozen prepared dishes and quick-frozen flour andrice products. The Company has set up 13 production,marketing and research bases in China, including XiamenAnjoy Group Headquarters, Wuxi Watson, Taizhou Anjoy,Liaoning Anjoy, Sichuan Anjoy, Hubei Anjoy, Henan Anjoy,

Guangdong Anjoy, Shandong Anjoy, Xinhongye, Xinliuwu,and Honghu Anjoy, as well as Kung Fu Food of the UnitedKingdom. With nearly 20,000 employees, the Company'sbusiness territory continues to grow.After more than two decades of development, thecompany has grown into a leading frozen food enterprisein China with significant influence and brand recognition.It is also the first company in China's frozen food industryto achieve annual revenue exceeding 10 billion yuan

In terms of raw material procurement, Anjoy will continue topromote the bidding work for group procurement of major bulkraw materials.

The Company accelerated the development of newquality productivity and actively embraced the wave of AI toempower business growth. The Company is introducing AIartificial intelligence to achieve data self-analysis, customerservice self-service, image recognition determination, etc., toenhance the level of enterprise management and operationalcapabilities; in terms of management digital construction, theCompany plans to upgrade EAS, integrate the big data analysisplatform, and go online with the APS system, etc., to optimizethe supply chain management and enhance operationalefficiency. For M&A enterprises, it will promote projects suchas CRM dealer management, e-contracts, BI data analysis, EAMasset management, etc., to strengthen the level of informationmanagement and control; on network and security, the Companywill promote technical solutions such as desktop managementand introduce security solutions to safeguard the Group'soperational security further.

In recent years, under the leadership of the SustainabilityCommittee of the Board of Directors, the Company has attachedgreat importance to ESG construction and achieved good resultsin exploration and practice, and in January 2025, the Companywas listed on the list of New Fortune 50 ‘ESG Best PracticeAward’. From the values to the concept of talent to the wholebusiness philosophy, the Company has built up a team full ofpassion and fighting force armed with the corporate culture formany years. In order to improve organizational cohesion andstimulate employees' creativity to the fullest extent, in additionto the new phase of the Share Incentive Scheme, which is stillin the 3-year exercise restriction period and will benefit morekey employees, the Company also optimizes the remunerationsystem and improves the performance appraisal system in orderto fully mobilise the initiative, motivation and creativity of theCompany's management and business backbones.

As an old saying goes, food is of primary importance to thepeople. The Company attaches great importance to food qualityand safety, and has built a comprehensive quality control systemthroughout the group, and has also formed high norms andstandards in the selection of raw materials. Taking surimi, thestrategic raw material of Anjoy Foods' quick-frozen flavored andprocessed products, as an example, the Company is currently theonly enterprise in the industry that performs fat testing, peroxidevalue testing, and MTG enzyme testing during the procurementof surimi raw materials; in the procurement of freshwater surimiand seawater high-grade surimi, the Company requires the rawmaterial quality management personnel to be stationed in thefactory to supervise the whole production process, so that thequality of surimi raw materials can be strictly controlled. TheCompany's sub-brand ‘An Run’, which is mainly engagedin the processing of high-grade frozen freshwater surimi andaquatic by-products, has an industry-standardized factory,and its independently-produced high-grade frozen surimi ishighly praised in the industry for its high whiteness, fewer

contaminants, and full retention of protein functionality. As of 31December 2024, Anjoy Foods and its related supply chain haveobtained 150 certificates for various management systems suchas IS0 22000, IS0 9001, IS0 14001, IS0 45001, HACCP, etc.; and in627 batches of official (national/provincial/municipal) samplinginspections conducted in 2024, the Company's sampling resultswere all satisfactory.The Company actively participates in social welfare andcharity undertakes social responsibility. On the basis of thetraditional annual ‘New Year's Charity Lunar New Year's EveDinner’ and other projects, in 2024, the Company donatedfunds to the Xiamen headquartered Haicang District XinyangStreet Xinyang Education Promotion Association for scholarshipsand education within the jurisdiction; and Xiamen Universityto carry out school-enterprise cooperation to promote theintegration of the development of industry and academia, AnjoyFoods, ‘Exploration of the Multi-brand Operation Model’.The two topics of ‘Research on Middle and Senior Managers’Echelon Construction’ won the first and second place in XiamenUniversity MBA Business Diagnostic Practice (BDP) ProjectUltimate PK Competition.Through prudent judgment and comprehensive considerationof the domestic market competition pattern, internationalmarket space and industry opportunities, the Companyaccelerated the pace of ‘going out’ and ‘bringing in’ basedon sound operation in the domestic market. In late January2025, after intensive preparatory work, the Company formallysubmitted its application for H-share issuance and listing to theHong Kong Stock Exchange. The Company is actively promotingand carrying out the relevant work in an orderly manner, with aview to achieving the listing of H shares in 2025, which will be akey milestone for the implementation of the internationalizationstrategy and the empowerment of the business to go overseas.In the new year, Anjoy Foods will not forget its originalintention, adhere to its main business, continue to innovate,be brave to explore, and continuously strengthen the ‘hardpower’ of products, channels and brands, to create a newsituation of sustainable and high-quality development, anddeliver a satisfactory answer sheet for investors!

Liu Mingming, Chairman of Anjoy Foods Group

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

and profits surpassing 1 billion yuan. On February 22,2017, Anjoy Foods Group Co., Ltd. was listed on the mainboard of the Shanghai Stock Exchange under the stockabbreviation "Anjoy Food" and ticker symbol "603345."In 2024, the company reported operating revenue of

15.127 billion yuan, a year-on-year increase of 7.70%, and

net profit attributable to shareholders of 1.485 billionyuan, up 0.46% year-on-year, achieving notable profitgrowth. This further solidified its leading position in thefrozen food industry and demonstrated strong resiliencein development. Notably, the company’s quick-frozenflavored and processed products segment generatedrevenue of 7.839 billion yuan, an 11.41% year-on-yearincrease, accounting for 51.82% of total revenue. As aresult, on March 15, 2024, Anjoy Food was recognized asthe "Most Competitive Chinese Prepared Food Producer"in the "2024 Hurun China Prepared Food Producers Top100 & Best-Selling Products Champions List" released bythe Hurun Research Institute, reaffirming its industry-leading strength. Currently, Anjoy holds the top positionin China's frozen food industry in terms of scale,profitability, and market capitalization.The Company attaches great importance toinvestment in scientific research and follows theprinciple of specialization in the production process,which guarantees food safety, product developmentand quality improvement, and strongly promotes thedevelopment of the industry. Anjoy has establishedthe ‘National Enterprise Technology Centre’,‘National Frozen Seasoned Aquatic Products ProcessingTechnology R&D Sub-centre’, ‘National Surimiand Surimi Products Processing Technology R&DSub-centre’ and other platforms. ‘CNAS NationalAccredited Laboratory’ and other platforms; “NationalKey Leading Enterprise of Agricultural Industrialization”,“National Demonstration Enterprise of Staple FoodProcessing Industry”and “National Model Enterpriseof Industrial Brand Cultivation”. The Company has beenawarded the titles of ‘National Key Leading Enterprisein Agricultural Industrialization’, ‘National Model

Most CompetitiveChinese PreparedFood Producer

National EnterpriseTechnology CentreNational Frozen SeasonedAquatic ProductsProcessing TechnologyR&D Sub-centreNational Surimi andSurimi ProductsProcessing TechnologyR&D Sub-centreCNAS NationalAccredited Laboratory

AA-level Enterprisein CreditManagement ofEntry-Exit Inspectionand Quarantine

National KeyLeading Enterpriseof AgriculturalIndustrialization

Leading Enterprisein Marine Industry ofFujian Province

NationalDemonstration

Enterprise of StapleFood Processing

Industry

validpatents

more than 20national

inventionpatents

internationalstandards

National ModelEnterprise ofIndustrial BrandCultivation

Enterprise in Staple Food Processing Industry’, ‘NationalModel Enterprise in Cultivating Industrial Brands’,‘AA-level Enterprise in Credit Management of Entry-ExitInspection and Quarantine’ and ‘Leading Enterprisein Marine Industry of Fujian Province’. Up to now, theCompany owns 369 valid patents, including 77 inventionpatents; it has undertaken more than 20 national,provincial and ministerial projects, and has presidedover or participated in more than a hundred standards,63 of which have been completed and released, including5 international standards.

The Company has formed a marketing networkcentered on East China and radiating across the country,including 10 branches, 31 liaison offices, 13 independentworkstations and nearly 300 directly-affiliatedworkstations. The Company's marketing model includesdistributors, supermarkets, Tetong Direct, e-commerceand new retail. In terms of the B-end channel,distributor resources have become one of Anjoy's corecompetitiveness. Through continuous empowerment andpersonal service, Anjoy has formed a team of more than2,000 first-tier distributors with high loyalty and strongdistribution capability; and has established relationships

with a number of domestic catering chain customers,such as Zhangliang Spicy Hot Pot, Bantianyao GrilledFish, Xiabuxiabu Catering, Haidilao Catering, Fish YouTogether boiled fish with Sichuan pickles, and someleisure food listed companies, such as Zhouhei DuckFood, Juewei Food, Hubei Xule Food, Zhejiang RuisongFood, Zhejiang Yufu Food, and their upstream supplychain enterprises to establish a cooperative relationship.In terms of C-end channels, Anjoy has reached strategiccooperation with RT Mart, Yonghui, Walmart, Wumart,Rainbow and other commercial hypermarkets. Inrecent years, the Company has adhered to the channelstrategy of ‘balancing BC and all-channel force’, onthe basis of consolidating the traditional distributionand supermarket channels, we continue to deepen thedevelopment of omni-channels such as special pass,new retail and interest e-commerce, and maximize thebenefits through a reasonable combination of channels.In the quick-frozen flavored and processed productssegment, the Company mainly produces frozen surimiproducts such as fish tofu, fish roe buns and crabmeatsteak, and frozen meat products such as juicy beef balls,mini sausage and xiami dumplings; in the quick-frozenprepared dishes segment, the Company mainly producesegg dumplings, shrimp paste and thousand-layer tofu;in the quick-frozen flour and rice products segment, theCompany mainly produces steamed dumplings, pastrypancakes, milky steamed buns and brown sugar spongecakes. And Frozen goods' Boiled Fish with Sichuanpickles, Deep-Fried Lotus Root with Pork Stuffing andother products, and Anjoy Xiaochu brand of crispyfried pork, Glutinous rice chicken and other seasoningproducts; as well as the holding subsidiary of theXinhongye, the Xinliuwu production of prepared aquaticdishes such as crayfish tails, seasoned crayfishIn the future, Anjoy will continue to promote itsown sustainable and high-quality development, andactively participate in the cause of building a healthy

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

1011

China, interpreting corporate social responsibility and commitment with practical actions, setting a benchmark for theindustry, and creating greater value for society.

Food is of primaryimportance tothe people

Act immediately,and do it with thededication

Delivering Health andHappiness, MakingDeliciousness Simpler

Continuously pursuingprogress to become theworld's leading foodcompany

Responsibility,Righteousness, Action,and Win-Win

Three core products

Corporate MissionSince its establishment, Anjoy has taken ‘Food is of primary importance to the people’ as the fundamental tenetof its business. We have always harbored the noble mission of ‘Delivering Health and Happiness, Making DeliciousnessSimpler’, and unswervingly put into practice the corporate values of ‘Responsibility, Righteousness, Action, andWin-Win’, At the same time, Anjoy has a solid style of ‘Act immediately, and do it with the dedication’ throughoutits daily operations and a corporate vision of ‘Continuously pursuing progress to become the world's leading foodcompany’.Anjoy knows that product power, channel power and brand power are the key driving factors for businessdevelopment, so we focus on these three core areas, explore them in depth, cultivate them in detail, and constantlyexplore their potential. In product development and production, we strictly control the quality, and strive to createmore excellent and higher quality products for consumers, so as to win the trust of consumers and enhance the brand'sreputation. In terms of channel development, we have actively laid out and built an efficient and diversified salesnetwork to ensure that our products can accurately reach our target customer groups. In terms of brand building, wewill continue to invest in strengthening our brand image and enhancing our overall competitiveness through innovativemarketing, service enhancement and other initiatives.

fundamental tenetof its business

corporate style

noble mission

corporate vision

corporate values

quick-frozen flavored andprocessed products

quick-frozen ?our andrice productsquick-frozen prepareddishes

2024 Enterprise HonorAward-Winning

Organization

Certi?cate of HonorAwarding AuthorityLevel

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

General Office of the Ministryof Industry and InformationTechnology

Fujian Federation of Industry andCommerce

Fujian Enterprise Confederation &Entrepreneurs Association/FujianAcademy of Social Sciences/FujianRadio, Film and Television GroupFujian Enterprise Confederation &Entrepreneurs Association/FujianAcademy of Social Sciences/FujianRadio, Film and Television Group

Xiamen Enterprise Confederation &Entrepreneurs Association/Schoolof Management, Xiamen University/Xiamen Daily/Xiamen Media Group

Xiamen Enterprise Confederation &Entrepreneurs Association/Schoolof Management, Xiamen University/Xiamen Daily/Xiamen Media GroupFrozen & Refrigerated FoodProfessional Committee, ChinaFood Industry Association

Fujian Federation of Industry andCommerce

Fujian Provincial Departmentof Industry and InformationTechnology

Fujian Federation of Industry andCommerce

Fujian Federation of Industry andCommerce

Farmer's Daily/Rural DevelopmentResearch Center

NationalLevel

ProvincialLevel

ProvincialLevelProvincialLevel

City levelCity levelCity levelIndustryHonors

ProvincialLevel

ProvincialLevel

ProvincialLevel

NationalLevel

Ministry of Industry and InformationTechnology's "Digital ThreeProducts" Excellent Application Case

2024 Fujian Top 100 PrivateEnterprises (Ranked 32nd)

2024 Fujian Top 100 Enterprises(Ranked 69th)2024 Fujian Top 100Manufacturing Enterprises

2024 Xiamen Top 100Enterprises (Ranked 20th)

2024 Xiamen Top 10Manufacturing Enterprises(Ranked 7th)2023 China's LeadingEnterprise in Frozen andRefrigerated Food Industry

2024 Fujian Top 100 InnovativePrivate Enterprises (Ranked 38th)

Fujian ProvincialManufacturing LeadingEnterprise

2024 Xiamen Top 20 PrivateManufacturing Enterprises

2024 Fujian Top 100Manufacturing PrivateEnterprises (Ranked 20th)

2024 China's Top 500Agricultural Enterprises(Ranked 66th)

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

1213

Sustainability Management

The Company has established a clear ESG governance structure to ensure effective management ofenvironmental, social and governance (ESG) related matters. The Company has established a SustainabilityCommittee at the Board level, which is responsible for ESG strategy formulation, risk identi?cation and executionsupervision, forming a three-tier structure comprising the Board of Directors, the Sustainability Committee and themanagement to ensure the systematic and e?cient management of ESG.the Board of Directors of the Company has the ultimate responsibility for ESG matters and ensures that ESGobjectives are consistent with the overall strategic direction of the Company. The Board of Directors, through theSustainability Committee, considers and approves the Company's ESG strategies, objectives and related policies,receives regular reports on ESG work and supervises the disclosure of ESG information.The Sustainability Committee is a special committee under the Board of Directors, responsible for analyzing theglobal economic and industry situation, formulating ESG strategies in light of the actual situation of the Company,identifying ESG-related risks and supervising ESG implementation, etc. It is accountable to the Board of Directorsand reports on its work. The Company shall provide the Committee with the necessary working conditions, thecompany's securities legal a?airs or agency is responsible for daily work such as work liaison, meeting organisation,material preparation and file management, while the management and relevant departments shall cooperatewith the Committee. The members of the Committee shall be appointed by the Board of Directors from amongthe directors and shall consist of at least three members, with a chairman appointed by the Board of Directors andpresiding over the work.ESG Organizational StructureBoard ofDirectors

SustainabilityCommittee

Managementlevel andRelevantDepartments

The Board of Directors assumes responsibility for ESG decision-making, approves the ESG strategyand policy, considers the annual ESG report and monitors the achievement of ESG objectives.(i) Focusing on ESG development trends and ensuring that the Company's position and performance onsustainability issues are up-to-date and in compliance with applicable laws, regulatory requirements andinternational standards;(ii) Conducting research, analysis and risk assessment on the Company's sustainable development andESG-related matters, and proposing the Company's ESG vision, strategy and structure;(iii) Reviewing and approving the Company's ESG development objectives and key performanceindicators, monitoring the progress of the implementation of ESG objectives, and makingrecommendations based on the results of ESG implementation and the achievement of performanceobjectives;(iv) Supervising the operation of the ESG system of the Company's business segments, considering andreviewing the impact of the Company's business on the environment and society, responding positivelyto emerging sustainability issues, and providing the Board of Directors with recommendations andproposals on enhancing the Company's sustainability performance;(v) Regularly reporting to the Board of Directors on the Company's ESG-related work, providing timelyfeedback on the progress of the Company's ESG work, the issues of concern to the Company from internaland external stakeholders, and putting forward proposals to improve the Company's ESG management;(vi) Reviewing the annual ESG report of the Company and reporting to the Board of Directors;(vii) Studying and making recommendations on other major matters affecting the sustainabledevelopment of the Company;(viii) Other matters authorized by the Board of Directors of the Company and other matters covered byrelevant laws and regulations.The management of the Company is responsible for the specific execution of ESG work and ensuringthat the Company's business segments implement the ESG strategy. The o?ce of the Board of Directorsserves as the daily office of the Sustainability Committee, undertaking duties such as work liaison,meeting organization, material preparation, ?le management, etc. At the same time, it is equipped withspecialized personnel or organizations to assist in the promotion of ESG work.

ESG Strategy Formulation and Implementation ProcessThis year, Anjoy Food Group unveiled its sustainable development strategy, centered on seven key drivers:

"Channel-Driven, Cost-Driven, Brand-Driven, Digitalization-Driven, Hit Product-Driven, Strategy-Driven, and Culture-Driven", to advance high-quality corporate growth.Within its three core competencies—product excellence, channel strength, and brand power—Anjoy willrigorously uphold product quality standards, build a diversi?ed and e?cient sales network, and reinforce brandpositioning through innovative marketing and enhanced services to boost overall competitiveness.Looking ahead, Anjoy Group will actively contribute to the "Healthy China" initiative, demonstrating itscorporate social responsibility through concrete actions. By setting industry benchmarks and creating greatersocietal value, the Company aims to lead by example in sustainable business practices.StrategyFormulationPolicy andImplementationOversight andReportingInformationDisclosure

The Board of Directors and the Sustainability Committee set ESG objectives and key performanceindicators (KPIs) based on industry trends, regulatory requirements and stakeholder needs.Management is r is responsible for the implementation of ESG policies approved by the Board of Directors,with specific implementation by each business unit, including environmental management, socialresponsibility, and governance practices.The Sustainability Committee regularly reviews ESG implementation, reports to the Board of Directors,and makes recommendations to management for improvement.The Company prepares an annual ESG report to ensure the transparency of ESG information.

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

1415

Stakeholder CommunicationThe Anjoy Group continues to strengthen stakeholder communication, identifying and sorting out ESG-related issues of signi?cance, and promoting the organic integration of the concept of sustainability with corporatedevelopment and management.StakeholdersCommunication ChannelsCommunication HighlightsShareholdersand Investors

Governmentand RegulatoryAuthorities

Customers

Employeesand LaborUnions

IndustryAssociations

Suppliers andBusiness Partners

● Responded to SSE e-interactive 139 times● Held 2 performance brie?ng sessions●1 online collective reception day for investors of listed companies inthe Xiamen area

●1 ‘Understanding My Listed Company and Entering the GreaterBay Area’ series of activities specialized in Anjoy Foods

●

Timely, Comprehensive and Easy-to-Understand Information Disclosure

●

Regular Disclosure of OperationalInformation

●

Investor Research and InteractiveCommunication●

Shareholders' Meeting●

Investor Hotline●

Routine Regulatory Work Meetings●

Information Reporting●

Tax Authority E-mail●

Manufacturer communicationmeeting●

Customer service hotline●

Distributor conference●Online store

●Social media platforms●On-site and special

●questionnaire surveys●

Signing Sunshine Agreements●

Supplier Training●

Supplier Empowerment●

Collaboration and Exchange toSupport Partner Growth●

Vocational Skills and Safety Training●

Occupational Health Protection●

Workers' Congress●

Employee Care Activities

●

Industry Exchange and ProjectCooperation●

Participation in Council MeetingsOrganized by Industry Associations●

Attendance at Industry Conventionsand Annual Conferences

●

Customer satisfaction scores were all above 90●Customer service theme related activities and training for a total of20 times●Closing rate of customer complaints 100 percent

●

Conducted 465 vendor training sessions

●Total time 1,127.6 hours

●Total number of participants 4,628

●Conducted 28 labor unions, resolved a total of 117 incidents,covering 303 people●Collected a total of 168 employee problems, and the problemfeedback rate is 96 percent

●Complaints/reporting mailboxes received 34 employee problems,and the problem resolution rate was 100%.●Company personnel hold positions in 11 associations, including butnot limited to vice president, council president, executive director

●The Company participates in a total of 8 industry associations, withlevels including but not limited to vice-president unit and councilmember unit

●The Company participated in 5 major industry conferences duringthe reporting year: the 24th China Convenience Food Conference,the 2024 China Prepared Vegetable Industry Conference, the SecondCouncil of the Seventh Session of the China Aquatic ProductsDistribution and Processing Association and the Third StandingCouncil, and the 21st Annual Conference of the Chinese Society ofFood Science and Technology.

●

Henan works closely with local governments to attract investmentand create a large number of jobs;●

Actively responding to the call to donate products to localgovernments on the International Day of Disabled Persons.

Communitiesand NGOs

AcademicExperts

Media

●

Public Welfare and CharitableDonations●Social Responsibility Initiatives

●Participation in IndustrialDevelopment Forums and Seminars

●Engagement in Corporate and NGOExchange Meetings

●

Academic Symposium

●Annual Academic Conference ofCorporate R&D Platform

●Participation in University Board ofTrustees Meetings●Release of Industry CollaborativeResearch Projects via Corporate R&DPlatform●Attendance at Annual Technical R&DSystem Conference with Yearly WorkReport

●

Media Partnerships

●Press Coverage

●Executive Interviews

●Wuxi marketing team donated 100,000 RMB to Xiamen UniversityEducation Development Foundation

●Xiamen Anjoy collected more than 2,000 pieces of unused clothingfrom all employees of the Company●Participated in the 24th China Convenience Food Conference

●Participated in the Second Council of the Seventh Session and theThird Executive Council of the China Aquatic Products Distribution andProcessing Association.●Held and participated in the ‘Fourth Meeting of the First AcademicCommittee of the Key Laboratory of Frozen and Conditioned AquaticProducts Processing in Fujian Province’ and the ‘Fourth WorkingMeeting of the Second Academic Committee of the Key Laboratory ofFrozen and Conditioned Aquatic Products Processing in the Ministryof Agriculture and Rural Development’, ‘2024 Annual Meeting ofNational Aquatic Products Processing Technology R&D System’.●During the reporting year, the Company released 3 horizontal topicsto the public●Cooperation with Frozen Food, Frozen Food Headline, NewIngredients, Food Industry Home, Sales and Market and other media●A total of 13 news reports●Interview with China Food News: ‘Zhang Qingmiao, President ofAnjoy: Ten Billion Anjoy, Surpassing the Road in Perseverance’.

●Interviewed by Sales & Market Magazine: ‘Zhang Qingmiao ofAnjoy Foods: Building “Anjoy Speed” through Strategic Winning’.

StakeholdersCommunication ChannelsCommunication Highlights

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

1617

Materiality Analysis

Materiality Matrix

302928

1114

090308020701

1916

Importance to Stakeholders

The importance of impact on the economy,society, and the environment

Impact on Anjoy Food

CriticalImportant Relevant

2811Product Quality &SafetySupply ChainManagementCustomer ServiceOccupationalHealth & SafetyAnti-Bribery &Anti-Corruption

ShareholderRights ProtectionEmployeeCompensation &Bene?tsData SecurityR&D InnovationDue DiligenceBusiness Ethics

Intellectual PropertyProtection

SocialContributionGreen Packaging &Circular Economy

RuralRevitalizationNutrition & HealthTech EthicsEnergy Management Responsible MarketingEcosystem &Biodiversity ProtectionClimate ChangeResponseWater ResourceManagement

Risk ManagementTalent Development

Pollutant Emissions Waste ManagementEnvironmentalCompliance

ComplianceManagementAnti-Unfair CompetitionStakeholderEngagement

0919

2617

062516

042314

CriticalImportant Relevant

2811Product Quality &SafetySupply ChainManagementCustomer ServiceOccupationalHealth & SafetyAnti-Bribery &Anti-Corruption

ShareholderRights ProtectionEmployeeCompensation &Bene?tsData SecurityR&D InnovationDue DiligenceBusiness Ethics

Intellectual PropertyProtection

SocialContributionGreen Packaging &Circular Economy

RuralRevitalizationNutrition & HealthTech EthicsEnergy Management Responsible MarketingEcosystem &Biodiversity ProtectionClimate ChangeResponseWater ResourceManagement

Risk ManagementTalent Development

Pollutant Emissions Waste ManagementEnvironmentalCompliance

ComplianceManagementAnti-Unfair CompetitionStakeholderEngagement

0919

2617

062516

042314

Double Materiality Matrix

302928

1114

090308020701

1916

The importance to the company's ?nancials

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

1819

Key Changes to Material Issues in 2024 for Anjoy GroupMaterial Issuesfor 2023

Material Issuesfor 2024

Reason for changeChangesBusiness ethics andanti-corruptionEnvironmentalPollution PreventionPhilanthropy

Information SecurityProduct Quality and SafetyBiodiversity ProtectionIndustry Synergy

Anti-Business Bribery and Anti-CorruptionBusiness ethicsPollutant Discharge

Social ContributionWaste Disposal

Rural RevitalizationDue DiligenceAnti-Unfair CompetitionStakeholder CommunicationTechnology EthicsData SecurityProduct and Service Quality andSafetyEcosystem and BiodiversityConservation

Environmental ComplianceManagement

The granularity of the information is enhanced through

splitting, so that the key contents can be presented in a

more detailed and accurate manner. It makes the disclosure

of information more standardized and detailed, meets

the requirements of the Self-Regulatory Guidelines for

Listed Companies on the Shanghai Stock Exchange No.

14 - Sustainability Report (for Trial Implementation), and

helps outsiders to have a more comprehensive and in-

depth understanding of the Company's performance and

e?ectiveness in various aspects.

The presentation has been adjusted so that the content of

the topics closely matches the regulatory guidelines such

as Self-Regulatory Guidelines for Listed Companies on the

Shanghai Stock Exchange No. 14 - Sustainability Report

(for Trial Implementation) and other regulatory guidelines,

which e?ectively improves the quality of information

disclosure and compliance.

As the original topics lacked su?cient detail and some

of them overlapped with existing topics, the topics were

deleted to ensure the scienti?c and e?ective setting of the

topics.

Through the addition of new issues to enable the Company

to meet the requirements of the Self-Regulatory Guidelines

for Listed Companies on the Shanghai Stock Exchange No.

14 - Sustainability Report (for Trial Implementation), to

further enhance the compliance and standardization of the

Company's operations, and to e?ectively resonate with the

regulatory requirements.

Segmentation

New Issues

Change ofPresentationDeletion

Compliant andLaw-abidingOperators

..............................................................................................................................................................Corporate GovernanceRisk ControlBusiness Ethics

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

2021

Corporate Governance

Anjoy Group is committed to achieving high-standard corporate governance by establishing diligent andresponsible Three-Board organizations (Board of Directors, Supervisory Board, and Shareholders’ Meeting),improving internal oversight mechanisms, and building a diversified governance framework to elevate overallgovernance standards.While consolidating the high-quality development of its core business, the Company continues to implementinternal control systems rigorously. In strict compliance with laws and regulations such as the Company Law andGroup Organizational Structure Diagram

Shareholders' Meeting

General Manager's O?ceManufacturing CenterInformation CenterTechnology CenterFinance CenterOperations CenterMarketing Center

External Cooperation Center

Supervisory BoardO?ce of the Boardof Supervisors

Board o?ceBoard of Directors O?ce

Board ofSupervisors

General Manager

Production DepartmentEquipment DepartmentSafety and Environmental Protection Department

Strategy CommitteeCompensation and Evaluation Committee

Nomination CommitteeAudit Committee? Sustainable Development Committee

the Securities Law, as well as guidelines including the Measures for the Administration of Information Disclosureby Listed Companies and the Basic Standards for Enterprise Internal Control, Anjoy Group aligns with its Articlesof Association to continuously enhance Three-Board governance. The Company actively organizes directors,supervisors, and senior management (DSMs) to participate in regulatory training programs, strengthening theirunderstanding of legal requirements. These efforts further refine the modernization of corporate systems andgovernance structures.

Audit Department E-commerce Department New Retail Department Special Channel Department Human Resources Department Internal Operations Department

Marketing)

Marketing & Planning Department Supermarket & Hypermarket Department Central China Region Northeast Region North China Region Northwest Region Southwest Region Southeast China Region Southeast China Region Logistics Department Finance DepartmentProcurement DepartmentInvestment DepartmentEngineering DepartmentSecurities Law DepartmentManagement DepartmentImport and Export DepartmentImport and Export DepartmentInformation Security Department Intelligent Factory Department Network Department Software Maintenance Department Software Development Department Quality Department Technical Department External Procurement Department Internal Operations Department(External)Statistics Department

Overseas Business Department

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

2223

Three-Board organizationsShareholders’ MeetingsIn 2024, Anjoy Group convened one annualshareholders' meeting and four extraordinaryshareholders' meetings, reviewing 34 proposals.The shareholders' meetings voted on majorissues including the Company's business policies,shareholder return plan and profit distributionscheme, H-share listing plan, and amendments tothe Articles of Association. The Company providedshareholders with on-site proxy voting and onlinevoting, offering channels for investors, especiallyminority shareholders, to participate in corporategovernance and protect investors' legitimate rights andinterests. All shareholders' meetings were conductedwith standardized procedures, witnessed by lawyerswho issued legal opinions, ensuring the legalityand validity of the resolutions. During the reportingperiod, all proposals at the shareholders' meetingswere approved, with no incidents of insider trading bycompany shareholders or insiders, or any matters thatharmed the interests of the Company and its shareholders.At the 2023 annual shareholders' meeting, the shareholders authorized the board of directors to determineand implement the 2024 interim (including semi-annual and ?rst three quarters) pro?t distribution plans withoutsubmitting them to the shareholders' meeting for review, provided that the cash dividend conditions and theupper limit of the cash dividend ratio were met. Meanwhile, the Company amended the cash dividend ratio clausein the Articles of Association, increasing the annual pro?t distribution in cash from no less than 20% to 40% of theavailable pro?t realized in the year.During the reporting period, the Company implemented the 2023 profit distribution plan as resolved at the2023 annual shareholders' meeting: The company's profit distribution proposal for 2024 is to distribute a cashdividend of 1.015 yuan per share (including tax). Based on this calculation, the proposed cash dividend this time is296,515,331.98 yuan (including tax). In the interim period of 2024 (including the semi - annual and the ?rst three -quarter periods), the company has distributed a total of 680,670,663.56 yuan (including tax) in cash dividends to allshareholders. According to Article 8 of the "Self - regulatory Regulatory Guidelines No. 7 for Listed Companies onthe Shanghai Stock Exchange - Share Repurchase" , when a listed company repurchases shares through centralizedcompetitive bidding or tender o?er with cash as consideration, the amount of share repurchases implemented inthe current year shall be regarded as the amount of cash dividends and included in the calculation of the relevantproportion of cash dividends for that year. In 2024, the company repurchased a total of 753,600 shares of its ownstock through centralized competitive bidding, with an amount of 62,873,869.00 yuan (excluding transaction fees).In summary, the company's cumulative dividend amount in 2024 is expected to be 1,040,059,864.54 yuan (includingtax), accounting for 70.05% of the company's net pro?t (audited) attributable to shareholders of the listed companyin the 2024 consolidated ?nancial statements.Board of DirectorsThe Board of Directors of the Company is accountable to the Shareholders' Meeting and exercises themanagement and administration of the Company by the law. All directors strictly comply with the provisions of theArticles of Association, the Rules of Procedure for the Board of Directors, and relevant laws and regulations. Withintegrity, diligence, and a sense of responsibility, they exercise independent, objective, and impartial judgment onmatters reviewed by the Board based on their professional knowledge and capabilities, ful?lling their rights andobligations by the law.The Board of Directors consists of nine members, who are elected or replaced by the Shareholders' Meeting

convened 1 annualshareholders' meeting

reviewing 34proposals4 extraordinaryshareholders'

meeting

for a term of three years. Directors may be re-elected upon expiration of their term. The term of o?ce is calculatedfrom the date of appointment until the expiration of the current Board's term. Directors may concurrently serve asthe General Manager or other senior management personnel, provided that the number of directors holding suchconcurrent positions does not exceed half of the total number of directors.

Meanwhile, Anjoy places emphasis on the diversification of the Board of Directors. Taking into account theCompany's development model and business needs, the composition of the Board is carefully considered frommultiple perspectives, including gender, educational background, age, and professional expertise. Among themembers, five non-independent directors possess unique insights into management capabilities, while threeindependent directors bring extensive experience and backgrounds in management research, ?nancial accounting,and marine biology, respectively.

The Company appoints one General Manager, hired or dismissed by the Board of Directors. The General

membersof the boardof directors

directors withPhD degree

4directors withmaster's degree

femaledirectors

Independentdirectors account for

of the boardof directors

NameGender

StrategyCommittee

AuditCommittee

Nomina-tionCommitteeRemune-ration andAppraisalCommitteeAgePosition

SustainableDevelo-pmentCommitteeLiu MingmingZhang GaoluZhang QingmiaoZheng YananDai FanHuang JianlianZhang MeiZhao BeiZhang Yueping

Chairman of theBoardVice Chairman ofthe BoardDirector/GeneralManagerDirectorDirectorDirectorIndependentDirectorIndependentDirectorIndependentDirector

63MaleMaleMaleMaleMaleMaleMale

54FemaleFemale

Note：

represents being a member，represents being the convener of the committee.Executive Directors (4 in total):

Diverse educational background from civil engineering, urban planning, business administration, and foodengineering.Independent Directors (3 in total):

Extensive experience and background in management research, financial accounting, and marine biology,respectively.

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

2425

consists of 3supervisors

convened 6meetings

review 42proposals

replying 139 times onthe SSE e-Interactionplatform in 2024

1 online collectiveinvestor receptionevent for Xiamen-listedcompanies

3642

In 2024, the Board held 9 meetings to review 66 proposals, all of which were approved. The Board alsoorganized 15 specialized committee meetings, including 3 Strategic Committee meetings, 6 Audit Committeemeetings, 2 Nomination Committee meetings, 3 Remuneration and Assessment Committee meetings, and 1Sustainable Development Committee meeting. These meetings focused on reviewing key matters such as ?nancialbudgets and outbound investment plans, providing professional advice for the scienti?c decision-making of theBoard of Directors.The Supervisory Board consists of 3 supervisors, including 1 chairman elected by a majority vote of allsupervisors. The Supervisory Board comprises 1 shareholder representative and 2 employee representatives, withthe employee representatives being democratically elected by the Company's sta?. The selection and compositionof supervisors comply with relevant laws and regulations as well as the Articles of Association. The SupervisoryBoard has clearly de?ned responsibilities, and all supervisors perform their duties diligently and responsibly.The Supervisory Board is responsible to the Shareholders' Meeting. In 2024, it convened 6 meetings to review42 proposals, all of which were approved. The Supervisory Board oversees the Company's ?nancial status, related-party transactions, and the legality and compliance of directors and senior management in performing their duties,safeguarding the interests of shareholders and employees. The current Supervisory Board consists of 3 supervisors,including 2 employee representatives.

The remuneration of directors (excluding independent directors), supervisors, senior management, and otherleadership team members consists of a base salary and performance-based salary. The base salary is determinedbased on job scope, responsibilities, importance, and industry salary levels. The Remuneration Committee of theBoard of Directors and the Company's HR department will set performance indicators for directors (excludingindependent directors), supervisors (excluding employee supervisors), senior management, and other leadershipteam members, and distribute performance-based salaries according to assessment results.

Independent directors receive an allowance of RMB 100,000/year (tax inclusive), paid quarterly in equalinstallments.

In 2024, in strict compliance with laws and regulations including the Company Law, Securities Law, and theMeasures for the Administration of Information Disclosure by Listed Companies, as well as the requirementsstipulated in the Articles of Association and the Information Disclosure Management System, the Companydiligently ful?lled its information disclosure obligations. 170 announcement documents were disclosed throughoutthe year, with no corrective announcements or disclosure errors occurring. The Company was awarded an "A" gradefor information disclosure by the Shanghai Stock Exchange in 2024.

Supervisory Board

Remuneration Plan for Directors, Supervisors and Senior Management

Information Disclosure and Investor Relations

1391

announcement documentswere disclosed in 2024

grade "

A"for information disclosure by theSSE in 2024

Category ofannouncements

Number ofannouncements(copies)

Category ofannouncements

Number ofannouncements(copies)Use and Management of ProceedsBoard of Directors and Supervisory BoardShareholders' MeetingShare buybackEquity distribution and implementation

Standardized Operation SystemIntermediaries' reportsIPeriodic reportsChanges in important basicinformation about the Company

21201514

Corporate Governance1515

The Company strictly complied with the Listing Rules of Shanghai Stock Exchange, the Measures for theAdministration of Information Disclosure by Listed Companies and its internal policies, adhering to the principlesof truthfulness, accuracy, completeness, timeliness and fairness in information disclosure. We meticulouslystandardized disclosure practices, enhanced the awareness of subsidiaries and department heads regarding theimportance of information disclosure, and deepened their understanding of information disclosure. In responseto the "clear, concise and easily understandable" disclosure requirements of the new Securities Law, the Companyactively ful?lled its disclosure obligations, completing the compilation of periodic reports and temporary reportswithout issuing any corrections.In 2024, upholding the principles of fairness, impartiality and transparency, the Company actively engaged incommunication activities through earnings brie?ngs, the SSE e-Interaction platform, investor hotlines, and on-siteresearches. Throughout the year, the Company promptly responded to investor inquiries, replying 139 times on theSSE e-Interaction platform. To provide investors with a more timely understanding of the production and operationsituation, it disclosed investor research summaries and publicly addressed recent investor general concerns onthe SSE e-Interaction platform. During the year, the Company held 2 earnings brie?ngs, 1 online collective investorreception event for Xiamen-listed companies, and 1 Anjoy Foods special session under the "Know My ListedCompany - Enter the Greater Bay Area" series, directly engaging with investors to enhance their understanding ofthe Company's current operations and development prospects. A total of 37 research institutions published 98research reports for the Company during the year.

Among these, the top 10 categories of announcements by quantity are as follows:

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

2627

Initiator

Initiator

For single contracts > RMB 2 million:

For single contracts > RMB 2 million:

→

→→→→→→

→→→→

DepartmentManager

DepartmentManager

FinanceManagerReview

CashierPayment

CashierPayment

(Procurement Department payments ≤ RMB 2 million; Equipment Department hardware payments ≤ RMB 50,000).

(Procurement Department payments > RMB 2 million; Equipment Department hardware payments > RMB 50,000).

FinanceReview

FinanceReview

General Manager (DeputyGeneral Manager) Approval

General Manager(Deputy GeneralManager) Approval

Group DeputyGeneral ManagerApproval

Finance ManagerReview

Risk ControlAnjoy Group adheres to a rigorous and standardized business philosophy. Under the Anjoy Foods GroupFinancial System Regulations, we implements strict screening and evaluation of suppliers. Backgroundinvestigations comprehensively verify qualifications and certifications, assessing financial status, productioncapacity, scale, industry position, and personnel management capabilities. Evaluations also cover payment terms,transportation services (delivery timelines), and pricing support. For new suppliers of high-risk raw materials,internal reviews are conducted strictly in compliance with regulatory requirements. Only after passing the reviewcan suppliers be included in the quali?ed list, with enhanced inspections for initial deliveries. This scienti?c andstringent management system ensures stable operations, prioritizes product quality, secures supply chain stability,and maintains compliance, enabling the Company to meet various due diligence requirements with ease.The Company's Board of Directors has established an Audit Committee for formulating internal audit policies.The internal audit department executes audit plans and reports ?ndings to the Board and management. With thestarting point of preventing risks, avoiding fraud, standardizing ?nancial processes and discipline, and improvingmanagement standards, Anjoy focuses on the Company's operational priorities and risk management. TheCompany achieves understanding of the Company's economic activities beforehand, auditing and supervising inthe middle of the process and summarizing the report afterward. We carries out key monitoring on major contracts,external guarantees, related-party transactions, and large-scale fund transfers to ensure the legality, compliance,and accuracy of financial information. By strengthening the implementation of internal control systems, theCompany audits and evaluates the rationality, compliance, and timeliness of these systems, assessing the internalcontrol environment and operational risks to reinforce corporate governance.Anjoy Group has established comprehensive contract review procedures under the Anjoy Foods Group FinancialSystem Regulations. All payment items (excluding personnel and incidental expenses) require contracts andrelevant approval documentation. Contracts must specify unit prices, quantities, and amounts (except for annualframework agreements where prices ?uctuate with market conditions and are con?rmed by purchase orders), andmust be promptly ?led with the Finance Department. For framework agreements with frequent procurement, theunit price of the items needs to be submitted to the General Manager for approval and the Finance Departmentfor ?ling on a monthly basis. All categories requiring contract approval and reporting must be provided contractsor approval forms to Finance for record-keeping. Approvals involving the General Manager or Chairman followthe established system workflow, with Finance processing reimbursements or payments accordingly. Specificprocedures include:

Risk Management

Contract Review

Anjoy Group has implemented a comprehensive BI system featuring 11 inventory management modulesto monitor raw material inventory in real-time. The system tracks inventory availability days, shortage alerts,overage reminders, and 5-day material demand forecasts. Based on ending inventory, 10-day projected demand,and in-transit quantities, it generates three-tier warning signals: red (critical shortage), yellow (caution), andgreen (su?cient), enabling the procurement team to adjust purchasing plans promptly and ensure uninterruptedproduction. Additionally, the system provides graded alerts for dormant materials at 30, 60, and 90-day intervals,with monthly analysis conducted for items exceeding 90 days to reduce overstocking. Monthly reports in PPT formatconsolidate data on dormant materials and expiration alerts to optimize inventory control. Future enhancementsmay include inventory optimization recommendations and supplier performance evaluation modules to improvee?ciency and cost management.The Company has established a centralized contract management platform integrating contract processing,e-signatures, physical seal control, and AI archiving to mitigate contractual and seal-related risks. By linkingpayment terms with goods and fund flows, operational risks are further reduced. Advanced analytics includinglarge language models and big data technologies enable real-time monitoring of supplier and customer opreatingconditions, with early warnings for legal and operational risks. An in-house EDI system coupled with SCADA to PLCConnection ensures production data visibility from raw materials to ?nished goods, guaranteeing product safety.For logistics, a TMS system monitors temperature and humidity in real time during transit to maintain productintegrity.

To enhance the ability to respond to various types of public opinion, Anjoy Foods developed the Anjoy FoodsCo., Ltd. Public Opinion Management Procedures in compliance with the Company Law of the People's Republic ofChina, the Shanghai Stock Exchange Listing Rules, and its Articles of Association. This establishes rapid responseand emergency mechanisms to address operational, reputational, and investment value impacts from publicincidents, safeguarding investor interests.

Inventory Management

AI and Large Model Applications in Risk Management

Public Opinion Management

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

2829

Job PositionJob Responsibilities

The Company maintains two dedicated units: a Routine Public Opinion Management Task Force and anEmergency Leadership Group, ensuring centralized command, coordinated response, and swift action across alltypes of public opinion.

Routine Public

Opinion

Management Task

Force

Emergency

Leadership Group

for Public Opinion

Management

The task force, led by the Board Secretary, servesas the Company's standing body for addressingmatters of general public opinion. It regularlyreports to the Board of Directors on public opinionmanagement and makes decisions regardingrelated work, including determining the release ofexternal information when necessary.

The group is chaired by the Company's Chairman,with the general manager serving as deputy leader,and members comprising responsible persons fromrelevant departments and subsidiaries involved inpublic opinion matters.

(1) Determining the initiation and conclusion of various

public opinion handling procedures;

(2) Formulating response plans for di?erent types of

public opinion information;

(3) Coordinating and organizing external publicity e?orts

during public opinion management processes;

(4) Responsible for submitting required information

to securities regulatory authorities and maintainingcommunication with the Shanghai Stock Exchange;

(5) Handling other relevant matters arising during public

opinion management processes.When major unexpected public opinion incidents occur,the Board O?ce will lead the prompt establishmentof the Emergency Leadership Group to provideuni?ed command. The group may seek advice fromprofessional intermediaries as needed, while relevantdepartments and subsidiaries cooperate closely per theirresponsibilities to control the dissemination of publicopinion, assess impacts, implement resolutions, andreport incident details and outcomes to the Board.

(1) When public opinion is reported or reposted by major ?nancial media and may have or has already

had a signi?cant impact on the Company's stock price, we will proactively conduct self-inspections, promptly

communicate with the Shanghai Stock Exchange and issue clarification announcements, while reporting

the self-inspection results to the relevant securities regulatory bureau. When necessary and as required by

regulatory authorities, we may engage permanent intermediary institutions (including sponsors, accounting

?rms, law ?rms, etc.) to conduct veri?cation and announce their ?ndings.

(2) Strengthen communication with investors by improving consultation services, visit management and

survey responses. Make full use of the investor relations interactive platform to ensure all communication

channels remain unobstructed. Provide timely updates to investors with messages such as "the Company

attaches great importance to the matter, investigations are ongoing, and results will be disclosed promptly."

Implement mitigation measures to keep the market well informed, reduce misinterpretations and prevent

escalation of online discussions.

(3) Strictly comply with information disclosure regulations.

(4) Conduct post-crisis reviews and detailed analyses, comprehensively evaluate crisis handling outcomes,

implement recovery management plans, and continuously improve crisis response capabilities through

lessons learned.During the reporting period, the Company underwent 2 external audits and organized 6 internal audits

(including 4 routine quarterly subsidiary audits and 2 special audits on raised funds). No risk incidents

occurred during the reporting period. The Company conducted 15,852 internal control training sessions with

100% employee coverage.

Relevant Measures

215,852

100%

employeecoverage

conducted 15,852internal controltraining sessions

Standardizing the Selection of Accounting Firms

Improving Corporate Governance Structure

Strengthening Information Disclosure Management

Key Initiatives

During the reporting period, the Company placed high importance on the improvement of internal systems andcompliance management. It regularly conducted internal system reviews and revised or newly established relevantregulations through multiple board meetings. Specifically, during the 5th 9th Board Meeting, 5th 11th BoardMeeting, 5th 15th Board Meeting, and 5th 16th Board Meeting, the Company reviewed and approved revisions andformulations of several important systems. These systems primarily focused on corporate governance, informationdisclosure, related-party transactions, board operations, and overseas listing matters, aiming to further enhancecorporate governance standards, ensure lawful and compliant operations, and safeguard shareholders' legitimaterights and interests.

By regulating the process of selecting accounting firms, the Company ensurestransparency, fairness, and impartiality. This approach improves the quality of ?nancialinformation, protects shareholder interests, enhances financial transparency, boostsinvestor con?dence, and reduces audit and compliance risks.

The Company enhances its corporate governance by developing and revisingrelevant systems. This clari?es management responsibilities and authorities, optimizesgovernance mechanisms, improves decision-making efficiency, and standardizesoperations. Such measures help to minimize management loopholes and decision-making errors, strengthen risk resilience, and establish a foundation for long-term,stable development.

By standardizing information disclosure practices, the Company ensures thetruthfulness, accuracy, completeness, and timeliness of disclosures, improvesdisclosure quality, mitigates legal and reputational risks, and enhances markettransparency and corporate credibility.

Internal Control Management

underwent 2external auditsorganized 6internal audits

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

3031

Key InitiativesSupporting Hong Kong Listing (H Shares)

Optimizing Investment and Public Opinion Management

Ensuring Compliance with Laws and Regulations

By revising relevant systems, the Company ensures its governance structurecomplies with domestic and international laws and regulatory requirements, preparesfor overseas listing, meets the regulatory standards of the Hong Kong Stock Exchange,boosts con?dence among international investors, and enhances competitiveness andin?uence in global capital markets.

Key updated or newly drafted regulations include:

The Information Disclosure Management System, which further standardizes the information disclosurepractices of the Company and relevant obligated parties, and strengthens information disclosure management; theArticles of Association (Draft) and its appendices Rules of Procedure for Shareholders' Meetings (Draft) and Rules ofProcedure for Board Meetings (Draft), which have been comprehensively revised in accordance with the Company'splan to issue H shares and list on the Hong Kong Stock Exchange; the Related Party Transaction Decision-MakingSystem, which clarifies the decision-making procedures and requirements for related party transactions; theWorking Rules for Independent Directors, Working Rules for the Board Audit Committee, Working Rules for theBoard Nomination Committee and Working Rules for the Board Remuneration and Assessment Committee, whichfurther improve the operational mechanisms of the Board and its specialized committees; the ManagementSystem for Shares Held by Directors, Supervisors and Senior Management and Their Changes, which strengthensthe regulation of shareholding behavior by the Company's management; and the Confidentiality and ArchivesManagement System for Overseas Securities Issuance and Listing, which ensures strict compliance with relevantcon?dentiality and archives management requirements during the overseas listing process.The revision and formulation of these regulations fully demonstrate the Company's efforts in optimizinggovernance structure, enhancing information disclosure transparency, and pursuing international development,laying a solid institutional foundation for the Company's stable growth in the future. All revised and newlyformulated regulations have been reviewed and approved by the Board of Directors, with some requiring furtherreview and approval by the shareholders' meeting, and will officially come into effect on the date when theCompany's H shares are listed on the Hong Kong Stock Exchange. Until then, the existing regulations will continueto apply.

By standardizing investment practices and strengthening public opinionmanagement, the Company improves the scientificity of investment decisions andrisk control capabilities, enhances its ability to respond to public opinion, reducesinvestment risks and the impact of negative public opinion, and elevates brand valueand market trust.

The Company revises its systems by the latest legal and regulatory requirementsto ensure lawful and compliant operations, mitigate compliance risks, improvegovernance standardization and transparency, and provide legal safeguards for long-term stable development.

Initiation

Case Conclusion

Analysis ResultAnalysis ResultAnalysis Result

→

→

→→→

→→→→→→

→→

→

→→→

Complaint Reception (multiple channels)Unsubstantiated ComplaintSubstantiated ComplaintSubstantiated Complaint

Quality Department Recording & AnalysisExplanation & CompensationFood Safety Issue Involving A?liated Entities Resolution or Referral to A?liated Entity Performance Evaluation & Incentives

Recti?cation & Monitoring Recti?cation Veri?cation Process Completion

Case Closure

Case ClosureBatch Recall or Individual CompensationCase Closure

Complaint

establishedComplaints received

Food safety issues

Bulk recall or individualcompensation

Assessmentand IncentivesRecti?cationVeri?cation

Recti?cation andSupervisionExplanation andcompensation

Related companiesinvolvedComplaint notestablished

Quality departmentrecords and analysis

Resolve or transfertorelated companies

Complaint established

Case closed

End

The Company has established a comprehensive complaint and whistleblowing management mechanism tostandardize reporting channels and procedures, ensuring timely and e?ective resolution of reported incidents. TheGroup provides open and diversi?ed whistleblowing channels, which are publicly disclosed through the corporatewebsite and integrity clauses. The Group achieved a 100% case resolution rate for all whistleblowing reportsreceived during the year.

Whistleblowing Mechanism

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

3233

O?cial Website: www.anjoyfood.comEmail: jianshihui@anjoyfood.comHotline: +86 15611603345Mailing Address: Supervisory Board, No.2508 Xinyang Road,Haicang District, Xiamen, Fujian Province

ReportingChannels

Anjoy Group encourages real-name reporting and has established a comprehensive protection mechanismto safeguard whistleblowers' legitimate rights and interests. The Company strictly maintains confidentialityregarding whistleblowers' personal information (including name, work company, and home address) and reportedcontent, with all materials classified as confidential documents. During investigation processes, Anjoy ensureswhistleblowers' personal safety and never discloses their identity. The Company explicitly prohibits any departmentor individual from obstructing, suppressing reports, or withholding materials. Retaliation against whistleblowerswill be disciplined according to internal policies, with illegal cases referred to judicial authorities.

Business Ethics

The Company's business ethics and anti-corruption matters are under the overall supervision of the AuditCommittee. In accordance with relevant national laws and regulations, the Company has established a soundcompliance management mechanism for key business ethics areas, promoting its core corporate values of"Responsibility, Integrity, Action, and Win-Win", and is committed to building a comprehensive business ethicsmanagement and supervision framework to enhance ethical standards and resolutely maintain fair, just andtransparent business order.

The Company conducts comprehensive compliance and audit supervision on business ethics, providesunimpeded compliance consultation and whistleblowing channels, and strictly investigates violations of laws,regulations and disciplines. In its existing routine and special audits, the internal audit department has incorporatedthe assessment of business ethics and corruption risks in corporate operations in a timely manner according to theCompany's relevant policies, systems and documents on business ethics and anti-corruption.

Anjoy Group always regards business ethics and anti-corruption as core principles of corporate operation,which run through all aspects of corporate governance, employee conduct and partner relationships. With integrityand compliance as the cornerstone, we require all employees and partners to strictly comply with the "SunshineClauses" in business management to ensure transparent and standardized business cooperation. The Companyhas established a sound anti-commercial bribery compliance management mechanism, resolutely prohibiting anyform of commercial bribery and corrupt practices, strictly forbidding the exchange of financial or non-financialbene?ts such as gifts, rebates and employment opportunities, and is committed to building a fair and just businessecosystem.

At the same time, the Company requires employees to adhere to the principles of integrity and self-discipline,strictly prohibiting behaviors such as disclosing company secrets, embezzling company property, misappropriatingcompany funds, soliciting or accepting bribes, and eradicating falsification, irregular guarantees and acceptinggifts or money from partners. Employees are prohibited from accepting any entertainment arrangements, includingbut not limited to banquets, travel, fitness or recreational activities, that may compromise their impartiality inperforming duties. They are also forbidden from making improper recommendations or promotions of businessand products to partners, so as to maintain the integrity of professional conduct.

In addition, the Company strictly complies with relevant laws and regulations on labor employment, adheresto equal employment and equal treatment of every employee, prohibits any form of discrimination, harassment or

Anti-Unfair Competition & Anti-Corruption

Measures for Business Ethics and Anti-Corruption

Sustainable Growth of Fresh-Lock Packaging

How to Prevent Chronic Diseases Through DietEffective Communication Techniques

New Product Promotion for Fresh-Lock Packaging

Anjoy Group attaches great importance to improving the professional capabilities and responsibility awarenessof marketing staffs. During the reporting year, the Company organized 234 training sessions covering multiplekey areas, re?ecting its continuous e?orts in responsible marketing. The training topics included 'How to PreventChronic Diseases Through Diet', designed to help marketing personnel gain in-depth knowledge of healthyeating and communicate scienti?c dietary concepts to consumers to promote public health awareness; 'E?ectiveCommunication Techniques', which enhanced marketers' communication skills to ensure more efficient andtransparent interactions with consumers and partners, thereby building trust; 'Sustainable Growth of Fresh-LockPackaging' and 'New Product Promotion for Fresh-Lock Packaging', focusing on product innovation and sustainabledevelopment by guiding marketers to promote environmentally friendly and efficient fresh-lock technologiesthat reduce food waste and practice green consumption concepts; 'Case Studies of New Product Launches'shared practical cases to help marketers master scientific promotion methods, ensuring new product launchesmeet market demands while conveying brand value; additionally, 'Skill Enhancement for Functional Roles andProfessional Development Pathways' provided career guidance for marketing personnel, encouraging continuousprofessional improvement and contributions to the Company's sustainable development.

Responsible Marketing

Responsible Marketing Training

violent behavior, and creates a respectful and inclusive working environment. By strengthening organizational andpersonnel discipline, the Company requires employees to abandon provocative acts, ?ghting and other behaviorsto ensure standardized and e?cient operations.

Through the above measures, Anjoy Group has deeply rooted the concepts of business ethics and anti-corruption in its corporate culture, laying a solid ethical and compliance foundation for the sustainabledevelopment of the enterprise.

In 2024, Anjoy Group recorded zero corruption-related legal cases and identified no internal corruptionincidents.

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

3435

Anjoy Group consistently implements responsible marketing principles by providing comprehensive supportto distributors and end markets to promote healthy and sustainable consumption patterns. Throughout the year,the Company assisted distributors in organizing 84 ordering meetings, 95 product tasting events, and 15 salespromoter mobilization meetings to enhance their understanding of product features and market trends, therebyimproving sales capabilities. Simultaneously, the Company actively participated in and supported 7,494 agriculturaltrade and supermarket activities to bridge the gap with consumers and communicate healthy dietary concepts. Interms of channel expansion, Anjoy Group helped distributors establish connections with downstream clients andexplore emerging channels such as community group buying to build a diversi?ed sales network. Additionally, theCompany provided distributors with full-?edged promotional support, including o?ine terminal advertisementsat 18,112 locations and thematic campaign materials, to bolster the brand image and market penetration. Throughthese initiatives, we not only empower distributor growth but also ful?ll our responsibilities to consumers, partners,and society through concrete actions, driving the healthy development of the industry.

Marketing Support

Dealer order meeting

Product tasting event

Supermarket activities

InnovativeProductDeveloper

..........................................................................................................................................................................................................................................

Food Quality and SafetyResearch, Developmentand InnovationNutrition and HealthCustomer ServiceData Security

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

3637

Technology Center

Quality Department

TechnologyDepartment

System GroupWarehouse Group

Microorganism GroupPhysical and

Chemical Group

Development

Group

System Course

(

people)

Programming Course

(

people)

Testing Center

(

people)

Packaging materials, systems,internal motivation

Raw material acceptance, productsampling inspection

Microorganism testing

Physical and chemical, sewage testingLarge instrument testing projects

Systematization, compliance, traceabilityOn-site quality management work

Various raw and auxiliarymaterial product testing

Food Quality and Safety

The survival and development of enterprises rely on a solid foundation of legal compliance. To ensure theorderly implementation of food safety initiatives, the Company has established dedicated positions including FoodSafety Director and Food Safety Officers. During the reporting period, all Group subsidiaries thoroughly studiedthe updated Regulations on the Implementation of Food Safety Responsibility by Food Production and OperationEnterprises, Supervisory Measures for Entrusted Food Production, and newly issued national food safety standards.Following local food safety regulatory requirements, the Company improved and submitted self-inspection reports,integrated traceability systems, and further optimized the implementation of the "Daily Control, Weekly Inspection,Monthly Scheduling" mechanism.In product design, Anjoy consistently prioritizes legal and regulatory requirements as fundamental principles,applying them throughout R&D, procurement, equipment, production, and quality monitoring processes. Duringthe reporting period, subsidiaries also studied the forthcoming Supervisory Measures for Food Labeling, GB 2760-2024 National Food Safety Standard for Food Additive Use, and newly released national food safety standards.Building on this, the Company established a comprehensive Design and Development Control Procedure, strictlyadhering to regulatory standards and consumer needs during formula development. Products must pass small-scale and pilot-scale trials, followed by approval through new product launch and production transition processes,before mass production commences across Group subsidiaries. This ensures full regulatory compliance, zeroquality defects, and e?ective mitigation of food safety risks.Product quality organizational structure

Certi?cate NameCerti?cate NameTotal number Total number

73ISO22000BRCGS

21ISO14001Certi?cation61HACCPASC Certi?cation

1ISO50001

66ISO9001FSSC22000

22ISO45001Sedex（ Social Responsibility）11CNAS（approbate）COC Certi?cation

192,38516,744.65

773,295

We ?rmly believe that the commitment of every employee builds the exceptional quality of Anjoy Group.Anjoy Group actively disseminates quality culture through multiple initiatives including Quality Monthcampaigns, food safety knowledge assessments, annual quality evaluations, and pest control programs, ensuringthese principles are deeply ingrained among all employees and partners. Concurrently, the Company fosters astrong culture of collective engagement in quality improvement by organizing knowledge competitions, corporatequality conferences, case study seminars, and summer safety training programs, thereby establishing a continuousimprovement philosophy for quality and safety.Anjoy Group conducts regular quality and safety training sessions covering food safety knowledge, hygienestandards, and regulatory compliance requirements. These programs enable employees to fully understand qualitymanagement speci?cations while enhancing their safety awareness and professional competencies.

In 2024, Anjoy conducted 192,385 internal and 71 external training sessions totaling 16,744.65 hours, with773,295 participants.The Group set 334 food safety targets during the reporting period, achieving 283 (84.73% completion rate).

Quality and Safety Culture Development

conducted 192,385internal sessions

totalinghours

participantsconducted 71external trainingsessions

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

3839

This year, the State Administration for Market Regulation (SAMR) released multiple regulatory documentsincluding the Announcement on Optimizing the Labeling of Production Dates and Shelf Life for Pre-packaged Foods,draft Supervisory Measures for Food Labeling, draft National Food Safety Standard - General Rules for Pre-packagedFood Labels, and draft National Food Safety Standard - Nutrition Labeling Rules for Pre-packaged Foods. TheCompany proactively adjusted its production date labeling methods to adopt clearer printing formats. SAMR's 62-item Food Safety Risk Control List prompted the Company to conduct comparative analyses and training for quick-frozen ?avored and processed products and quick-frozen ?our and rice products, while improving its "Daily Control,Weekly Inspection, Monthly Scheduling" system. Regional teams studied SAMR's Guidelines and ExaminationOutline for food safety managers with supporting materials. Ongoing training ensured compliance with GB 2760-2024 (food additives), GB 44917-2024 (edible oil transportation), Food Business Licensing Review Guidelines, MARAAnnouncement No. 821, and GB 4789.4-2024 (Salmonella testing), guaranteeing regulatory adherence.Anjoy actively cooperates with the requirements of the State Administration for Market Regulation. Multiplebases have newly obtained the FSSC22000 system certification, and several management systems such as theKnowledge Management Control Procedure, Customer Satisfaction Evaluation Control Procedure, Food Loss andWaste Control Procedure, and Production Line Start-up and Changeover Control Procedure have been added. Inresponse to the requirements of di?erent domestic and foreign customers, further revisions have been made to theAllergen Control Procedure, Genetically Modi?ed Organism Control Procedure, etc.Anjoy Group continues to optimize the EDI (Electronic Data Interchange) system to empower the managementof the production site. It has cumulatively completed more than 78 optimization projects, including the versionupgrade of the quality supervision system, the introduction of EDI management and control in the testing center,the development of 5 anti-fooling and error-prevention early warning and strong control measures, the adaptationto the newly added automatic liquid supply and automatic powder supply systems, and the improvement of theone-click traceability success rate to about 99%. At the same time, through the automatic generation of reports andthe automatic unbinding of some processes, the workload has been further reduced and the operational e?ciencyhas been improved.In terms of product quality and environmental hygiene, the Company always maintains high standardsand strict requirements. In addition to conducting microbial tests on products and in-process products, 76,959environmental microbial sampling tests have been completed, and the test results all meet the relevant nationalstandards. To further enhance quality control, the Company has adopted stricter internal control standards, and theinternal control quali?ed rate has reached 97.66%. In addition, the Company has carried out high-density samplinginspections of in-process and ?nal products, comprehensively covering key indicators such as product appearance,packaging appearance, individual speci?cations, net content, taste, and ?avor, to ensure the stability and reliabilityof product quality.

Quality and Safety Measures

Anjoy Group strictly complies with the laws and regulations of its own country and the target countries in itsimport and export business to ensure compliant operations. A complete catalog of laws and regulations documentshas been established within the Company, covering key documents such as the Food Safety Law of the People'sRepublic of China and the Administrative Measures on Import and Export Food Safety of the People's Republic ofChina. Before export, multiple departments, including the traders, the Quality Department, the E-commerce DirectSales Department, and the Technology Department, work together to proactively understand the food-relatedlaws, regulations and standards of the target countries, including basic food laws and regulations, label regulations,additive requirements, etc. When signing the contract, traders are required to provide relevant laws, regulationsand standards, which are then archived by the Quality Department to ensure that all departments implement themin place.Anjoy Group has also established a complete import and export process system to ensure that every linkfrom customer product selection to ?nal export is strictly regulated and executed e?ciently. The process coverskey nodes such as customer product selection, formula review, quotation, order review, label submission forinspection, contract signing, joint signing of packaging layout, order production confirmation, production andwarehousing, factory inspection report, shipment notice, inspection application, container loading, customsdeclaration, shipment, bill of lading issuance, foreign exchange settlement, export tax rebate and document ?ling.Each link is equipped with a clear approval process and form records to ensure information transparency and clearresponsibilities. All departments work collaboratively, including the Technology, Quality, Procurement, Production,and Logistics Departments, to ensure that the products meet the laws, regulations and customer requirements ofthe target countries. In addition, the process particularly emphasizes the timely feedback and handling of abnormalsituations to ensure that problems are solved quickly. This re?ects Anjoy Group's highly standardized and re?nedmanagement of its import and export business.

Through the above measures, the Company has not only improved production efficiency and management,but also set a higher benchmark in terms of product quality and hygiene safety, laying a solid foundation forcontinuously meeting customer needs.

The Company ensures product quality and food safety of the products produced on behalf of others by meansof transfer acceptance at Anjoy's bases. The acceptance standards are all higher than or equal to the nationalstandards or industry standards of the corresponding products. The quality ?uctuations of products are re?ected

Import and Export Management

Product Sampling

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

4041

through the feedback of low-risk sensory indicators and economic indicators to give early warnings about thecontrol level of the factory. Warning lines and return lines are set for high-risk safety indicators to strictly controlthe bottom line of food safety. The Company's bases have accepted a total of more than 11,150 batches (over 6.38million pieces) of products from the foundries, and the batch pass rate is 83.55%.In 2024, Anjoy's own bases produced a total of 88,128 batches of products, and the qualification rate of ex-factory inspections was 100%. 2,041 batches of type inspection reports were issued. The Company has acceptedo?cial supervision sampling inspections at all levels, with 627 countable inspections, and the product quali?cationrate is 100%.To ensure that the risks of quality and food safety are controllable, Anjoy Group implements full-processtraceability management and gradually establishes and improves it through digital empowerment. In 2024,each base launched 15 simulated recalls and carried out 219 traceability drills to ensure the e?ectiveness of thetraceability and recall plans and strengthen employees' awareness of food safety risks and the operation process ofproduct recalls.

Anjoy Group's national research and development (R&D) business layout is established relying on the R&Dcenters of each production base. Currently, there are 18 R&D platforms, among which 15 are scientific researchplatforms at or above the provincial and ministerial levels. These platforms have covered major sales regions suchas East China, Southeast China, Northeast China, North China, Central China, South China, and Southwest China.Each R&D center has a technology department and a laboratory, forming multi-dimensional business capabilitiesincluding product development, basic research, industrial application, inspection and veri?cation, etc. During thereporting period of this report, Hubei Anjoy was approved to establish an enterprise technology center in HubeiProvince, providing strong support for the sales and R&D strategy of "R&D at the production site".

Led by Science and Technology

Research, Development and Innovation

97.2138

0.64%

2.98%

30-40years old

people

Under 30years old

people

41-50years old

people

Over 50years old

people

JuniorCollege

people

Bachelor'sDegree

people

Master'sDegree or Above

people

Junior HighSchool orBelow

people

High Schoolor TechnicalSecondarySchool

people

The Company has 508 R&D personnel, accounting for 2.98% of the total number of employees in the Company.During the reporting period, Anjoy Food invested RMB 97.2138 milion in R&D, accounting for 0.64% of totalrevenue..

R & D investmentRMB million

Company R & Dpersonnel

accounting forof the total number ofemployees

accounting forof main businessrevenue

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

4243

people

people

people

202220232024

1,000

Research and development personnel（2022-2024)

Anjoy Group attaches great importance to scientific and technological innovation. By formulating a wide-ranging incentive system, it comprehensively stimulates the vitality of research and development. The Companyhas issued the Anjoy Group Incentive Measures for Technological Transformation and R&D, established a technicalreward fund mechanism, and provides rewards for technological improvements, paper publications, patentapplications, etc. During the process of new product research and development and production launch, phasedrewards are implemented, and additional incentives are given to new products with excellent sales performanceafter they are launched on the market. In addition, the Company also provides corresponding rewards to teams thathave won provincial, ministerial or national awards and those that have participated in the formulation of industryor national standards. At the same time, we are actively promoting the technological transformation process ofeach factory in terms of production automation, mechanization, informatization and intelligence, acceleratingproduct development and improvement, and enhancing comprehensive strength construction such as productquality improvement and cost optimization. Through this series of incentive measures, Anjoy Group has not onlypromoted technological innovation and achievement transformation, but also injected strong impetus into thesustainable development of the enterprise.The Company organized a total of 25 innovation ability training sessions throughout the year, with nearly 1,000cumulative participants. The training content covers multiple ?elds, including the speci?cation of pre-packagedfood labels, basic knowledge of patents, preparation of formula operation instruction manuals, new productlaunch process, technology research and development and innovation, professional skills competitions, innovationincentive mechanisms, as well as talent cultivation and team building.

Innovation Incentives

Innovation Ability Training

Scienti?c and Technological Ethics

Anjoy Group in 2024 strictly complies with relevant national system documents on scienti?c and technologicalethics, such as the Guidelines to Strengthen the Governance over Ethics in Science and Technology and theMeasures for the Review of Scienti?c and Technological Ethics (Trial). The Company adheres to the principles ofscienti?c and technological ethics, namely, promoting human well-being, respecting the rights of life, upholdingfairness and justice, reasonably controlling risks, and maintaining openness and transparency, to ensure that allscienti?c and technological activities are carried out within the ethical framework.

In August 2024, the 24th China Convenient Food Conference, organized by the China Institute of Food Scienceand Technology, took place at the Kunshan International Convention and Exhibition Center. With the theme of "TheLight of 'New Quality' of Chinese Convenient Food under Forging Pressure", the conference focused on the needs ofthe industry and solved the common problems in development.

During the reporting period, Anjoy Group continued to promote mid-to-high-end products represented by fresh-locking packaging. At the same time, it entered the high-growth market segments of the industry by adding ready-to-cook dishes and sausage products, seizing new potential for future development. Among them, the Companyfocused on cultivating products for grill machine channels such as Volcanic Stone Sausage and Golden Baked FishStick, and included them in the annual promotion focus to further enhance brand in?uence and market share.

At this China Convenient Food Conference, Anjoy Golden Baked Fish Stick won the honor of "2023 - 2024 ChinaConvenient Food Industry Innovative Product", Anzi Selected Fish Belly won the "2023 - 2024 China ConvenientFood Industry Innovative Product" award, and Anjoy Paper - Skin Steamed Dumpling won the "2024 Most PopularConvenient Food" award.

In March 2024, the 12th China Food Ingredients E-commerce Festival 2024 of Liangzhilong was grandly heldat the Wuhan International Expo Center. Frozen goods Pickled Fish with Pickled Mustard Greens was rated as the

Product Innovation

Honors and Awards

"2024 Gold Product of the Catering Supply Chain". Behind numerous honors, it also demonstrates Anjoy Group'sbusiness philosophy of "Food is of primary importance to the people". By deeply cultivating products, creatingpopular products, and continuously providing consumers with more healthy and delicious food experiences, AnjoyGroup jointly promotes the sustainable development of the industry.

innovationability trainingsessions

nearlycumulativeparticipants

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

4445

Project NameAward CategoryAward LevelAwarding Institution

First PrizeSecond PrizeSecond Prize

Chaoshan-?avored Beef Balls

In May 2024, the 4th Jiangnan Innovative and Creative Food Exhibition, co-hosted by the School of Food Scienceand Technology of Jiangnan University and the Communist Youth League Committee of Jiangnan University, washeld in the gymnasium. The Shrimp Ball of Anjoy Group was awarded the "Most Popular Product Award" of the4th Jiangnan Innovative and Creative Product Exhibition. Each product of Anjoy re?ects our persistent pursuit ofquality and precise grasp of consumers' needs. Anjoy is also well-aware of its responsibility for the development ofthe industry. While developing itself, it actively cooperates with industry partners to jointly promote the sustainabledevelopment of the entire food industry and leads the industry to move forward in a more healthy and innovativedirection.

In order to meet the increasing demand of theSouth China regional market, with the developmentstrategy of developing localized new products, Anjoylaunched the first traditional Chaoshan delicacy withbrand power, product power and competitiveness-beef balls. By screening superior raw materials andexploring their application characteristics, regulatingthe production process, designing the layout of theproduction line, and strictly controlling the qualitystandards, Anjoy has established multi-dimensionaltechnical barriers. With the characteristics of elasticand tough taste, juicy and rich application scenarios,the product has seized the mid-to-high-end market inthe industry and radiated across the country, showingthe potential to become a national bestseller.

Innovation Features and Product Characteristics：

●The flexible beating technology simulatesthe traditional manual beating process, resulting ina crispy texture and distinct layers of meat fibers.The unique and characteristic fragrant satay sauceis skillfully matched with crispy garlic, presentinga strong Chaoshan regional flavor. It has a wideaudience, highly restores the quality advantages of

Scienti?c and Technological Awards

Innovation Case

Key Technologies andApplications of Multi-scenarioMicrowave Processing of FoodsMultidimensional ProcessingTechnology and IndustrialApplication of High-qualityMeat Prefabricated DishesKey Technologies and Equip-ment for E?cient DehydrationProcessing of Vegetables andGreen Utilization of Waste

First Prize of Scienti?c andTechnological Progress of ChinaNational Light Industry Council in 2024Scienti?c and Technological ProgressAwardScienti?c and Technological ProgressAward of China National Light IndustryCouncil in 2024

China National Light Industry CouncilChina Cuisine AssociationChina National Light Industry Council

Tender Fish Balls

Silver carp

Fish cleaningMincing

Fish balls

Meat extractionShaping

The tender fish balls are mainly made of silvercarp fish meat. Relying on the regional advantagesof the stable raw material supply at the Hubei base,the mature silver carp collection and processingproduction line, the "short-distance" fish meattransportation, and strict quality management, etc.,the used ?sh meat has few impurities, high whiteness,and retains a large amount of nutrients, presenting thesoft and tender feeling and white appearance of thefish balls to the greatest extent. The joint processingand production mode of Anjoy (Hubei) and Anrun(Hubei) gives full play to the advantages of both sidesin terms of raw material supply, production technology,Innovation Features and Product Characteristics：

●Good water breeds good fish. Fresh and livesilver carp are carefully selected, with tender meat anda rich ?sh ?avor.

traditional beef balls, and has a high-cost performance. Once launched, the product has been highly recognized byconsumers.

●The total meat content is 70%. Adhering to the core concept of greenness and health, the ingredients aresimpli?ed, and the label is clear and concise, allowing consumers to have a clear understanding at a glance, so thatthey can buy and eat with con?dence.

●The single-pack weight is carefully designed to be 400g, meeting the diversi?ed application scenarios such ascatering, supermarkets and families. The vacuum fresh-locking technology is adopted, making the products neatlyarranged, e?ectively slowing down the oxidation of fat and reducing the water migration, thus fully retaining theproduct quality. High-transparency food-grade packaging materials are introduced, and a visual window is designedto display the internal products, increasing consumers' intuitive feeling, trust and purchase desire.

●The fish meat collection and processingproduction line is arranged. Live fish are slaughteredon-site, the meat is collected efficiently, and thetemperature is then lowered to preserve freshness andensure the quality of the ?sh meat used.

●The ingredients are healthy, following theoriginal flavor of the fish meat and highlighting thetender taste of the product.

●Quick-freezing preservation is adopted to retainthe delicious ?avor and soft and tender taste of the ?shballs.

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

4647

Premium Silver CarpE?cient ProductionTender and Smooth Fish BallsSelected fresh silver carp, tendermeat, rich in nutrients

Mature ?sh meat processing lineTender, smooth, and ?avorful

Innovation through Industry-University-Research CooperationAnjoy Group attaches great importance to the integrated development of industry, university and research. Itactively establishes long-term cooperative relationships with multiple universities, promotes knowledge sharingand talent cultivation, and recruits high-quality talents from the industry and universities.The Company has carried out in-depth cooperation between enterprises and universities with XiamenUniversity, jointly exploring cutting-edge topics such as multi-brand operation models and the construction ofmiddle and senior management echelons. Among them, the two topics, "Exploration of Multi-brand OperationModels" and "Research on the Construction of Middle and Senior Management Echelons", won the ?rst and secondprizes respectively in the final PK competition of the MBA Business Diagnostic Practice (BDP) project of XiamenUniversity. This fully demonstrates the Company's innovation capabilities and practical achievements in strategicmanagement and talent cultivation.

Anjoy Group has also established industry-university-research cooperation platforms with many universities such asJiangnan University, Sichuan University, Sichuan Agriculturaland Forestry University of Science and Technology, and SouthChina University of Technology. Through various forms suchas joint research, talent cultivation, and internship practice, ithelps with the growth and development of young people. TheCompany provides a large number of internship positions forcollege students every year to help them combine theoreticalknowledge with practice, and cultivate compound talents withboth innovative spirit and practical ability for society and theindustry. In the future, Anjoy will continue to deepen industry-university-research cooperation, promote the transformation ofscienti?c and technological achievements, inject new impetusinto the high-quality development of the industry, and creategreater value for society.In August 2024, Wu Zhengguo, Secretary of the PartyCommittee of Jiangnan University, led a delegation to visitAnjoy Foods Group Co., Ltd. to deepen the cooperation andcommunication between the two sides. As a director unitof Jiangnan University, Anjoy Foods has always maintainedclose contact with Jiangnan University. The two sideshad in-depth exchanges centering on industry-university-research cooperation and visiting enterprises to expandjob opportunities. This exchange meeting aimed to further

Innovation through Industry-University-Research Cooperation

consolidate the foundation of the strategic cooperation between the two sides, jointly explore breakthroughsin scientific and technological innovation, and work together to cultivate high-quality talents who meet thedevelopment needs of the industry. At the exchange meeting, the two sides had extensive discussions on thedirection and mode of in-depth integration of industry, university and research, and shared their respectiveexperiences and needs in technical research and development, talent cultivation and other aspects. Throughin-depth communication, the two sides reached several consensuses in strengthening cooperation betweenenterprises and universities, promoting the transformation of scientific and technological achievements, andoptimizing talent cultivation programs, laying a solid foundation for future cooperation. This exchange activity isnot only an important milestone in the long-term cooperation between Anjoy Foods and Jiangnan University, butalso opens a new chapter in the cooperation between the two sides in scienti?c and technological innovation andtalent cultivation.

During the reporting year, the Company released 4 horizontal research projects externally

January 2024 -December 2025

High-quality Processing Technology and Product Development ofSilver Carp Surimi Based on Microbial Metabolism Regulation

South China Sea Fisheries ResearchInstitute, Chinese Academy of FisherySciencesJiangnan UniversityDalian Polytechnic UniversityJimei University

In?uence of Temperature-sensitive Colloids on the Extrusion andMolding Processes of Surimi Microwave 3D PrintingResearch and Development of Nutritionally Forti?ed SurimiProducts with Controllable Gel StrengthScreening and Preparation of OVA Nanobodies

January 2024 -December 2025January 2024 -December 2025May 2024 - May 2026

Platform OpenProject Period

Project NameUndertaking Unit

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

4849

SerialNumber

Type标准号标准名称发布日期Industry StandardIndustry StandardIndustry StandardIndustry Standard

QB/T 5981-20242024.03.29Evaluation Requirements for Green Factories of Frozen Foods01

National StandardNational StandardNational Standard

National StandardNational StandardNational Standard

National StandardNational StandardNational StandardNational StandardNational StandardNational Standard

GB/T 44135-20242024.06.29Guidelines for the Labeling of Food Production Materials05GB/T 44980-20242024.12.31Shrimp Paste08GB/T 36192-20242024.06.29Technical Speci?cation for the Transportationof Live Aquatic Products

GB/T 45061-20242024.12.31Frozen Fish Slices14

QB/T 8010-20242024.03.29Quick-frozen Glutinous Rice Balls03

GB/T 36187-20242024.09.29Frozen Surimi07GB/T 36395-20242024.06.29Technical Speci?cation for the Processing of Frozen Surimi10GB/T 30894-20242024.06.29Salted Fish13ISO 7158:2024Meat and Meat Products - Determination ofNitrite and Nitrate Contents

QB/T 8009-20242024.03.29Quick-frozen Spring Rolls02

GB/T 43812-20242024.03.15Technical Guidelines for the Management of FoodProduction Material Balance

GB/T 24861-20242024.06.29Technical Speci?cation for the CirculationManagement of Aquatic Products

GB/T 27988-2024 2024.06.29Technical Speci?cation for the Processing of Salted Fish12

ISO 5553:2024Meat and Meat Products - Determination of Polyphosphates15

QB/T 8006-20242024.03.29Glutinous Rice Cakes04

Anjoy Group actively collaborates with universities, research institutes, and other enterprises to formulate andrevise industry standards.

Participation in the Formulation/Revision of Standards

Anjoy Group attaches great importance to intellectual property protection and regards it as an importantcornerstone of innovation and sustainable development. By establishing a comprehensive intellectual propertymanagement system covering multiple ?elds such as patents, trademarks, and copyrights, the Company activelysafeguards its legitimate rights and interests through legal means. In the future, Anjoy will continue to strengthenthe protection of intellectual property rights, safeguard the achievements of innovation, and set an example ofrespecting intellectual property rights for the industry.

Intellectual Property Protection

Anjoy Foods Group Co., Ltd. won the Excellent Award of the 25th China Patent for its invention patent "AMicrowave Combined Heating Method for Improving the Gel Strength of Surimi Products". This technologyoptimizes the microwave heating mode and adjusts the microwave power within a speci?ed temperature range,signi?cantly improving the gel strength and production e?ciency of surimi products. At the same time, it conformsto the new trend of microwave heating in the processing of surimi products. This innovation not only enhancesthe elasticity and quality of the products but also provides an e?cient and environmentally friendly solution forthe food processing industry, further promoting the technological progress and industrial development of surimiproducts.

Anjoy Group continues to make efforts in the nutrition and health segment, and is committed to providingconsumers with healthier and more nutritious products. The Company actively responds to the trend of healthyeating by reducing the content of fat and sugar. According to GB28050 General Principles of Nutrition Labelingfor Pre-packaged Foods, many rice and flour products of the Company qualify as low fat. At the same time, theproportion of sugar in products such as milk-?avored steamed buns, custard bun ?llings, and red bean bun ?llingshas been reduced, and low-sugar, low-sweetness, and miscellaneous grain series products have been launched tomeet consumers' needs for a healthy diet.

Anjoy follows strict management principles in its use of food additives. The Company implements themanagement mode of special personnel, special warehouses, special projects, and special departments. Fromprocurement to feeding, all additives are strictly implemented under relevant laws, regulations, and standards,and the use of non-edible substances is completely prohibited. The Company strictly controls the amount offood additives used, preferentially using food additives without dosage limits, naturally extracted additives,and monomer additives with clear components, and accurately measuring them before use to ensure that theverification and calibration of measuring instruments and the preparation records are accurate. In addition, theCompany clearly states that it does not add additives for anti-corrosion and antibacterial, and requires that theraw materials provided by upstream suppliers do not contain preservatives, aspartame, and other controversialcomponents, and conducts batch-by-batch inspections in the raw material acceptance process. The usage amountsof all limited food additives are lower than the national standard limits, further ensuring the safety and health ofproducts.

Through the above measures, Anjoy enhances the nutritional and health value of its products, demonstrates theCompany's high sense of responsibility for consumers' health, and sets an example for promoting the sustainabledevelopment of the food industry.

Awards Related to Patents

Nutrition and Health

Number of newlyadded valid patentsthis year

Number of newly

added softwarecopyrights this yearTotal numberofvalid patents

Total number of

softwarecopyrightsApplication

Quantity(Pieces)

Application

Quantity(Pieces)GrantedQuantity (Pieces)

GrantedQuantity (Pieces)GrantedQuantity(Pieces)

Granted

Quantity

(Pieces)

Design Patent3322233Total5931369Invention Patent171778814Utility Model Patent9856

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

5051

100%

The complaint closure rate was

Customer Service

Anjoy Group attaches great importance to the feelings of customers. It has set up multiple channels, such asa customer service hotline, an online o?cial mall, Weibo, WeChat, and the ODR (12315 Online Dispute ResolutionPlatform), to receive consumers' feedback and complaints. At the same time, Anjoy also irregularly collectsfeedback, complaints, and suggestions from other channels and platforms. Internally, relevant groups for complainthandling have been established, bringing together customer service and the quality department to communicateabout complaint handling, quality improvement, etc., to handle consumers' complaints and answer their questionsmore quickly and conveniently.In 2024, the Company received 3,741 complaints. Among them, 2,626 were quality-related complaints, and1,115 were other types of complaints. The complaint closure rate was 100%. Among them, 802 complaints werefrom outsourced processing factories. Anjoy will spare no e?ort to improve product quality and service to provideconsumers with a better experience.

Customer satisfaction surveys have been conducted on multiple production bases. On the one hand, hundredsof questionnaires were sent to front-line marketing personnel and end customers. The survey content coveredproduct performance, service level, complaint handling, product research and development, transportation andpayment, etc. The satisfaction scores were all above 90 points. Some suggestions were put forward on product self-source foreign matter, cold chain logistics, and product pricing.

On the other hand, on-site investigations were carried out in the warehouses or sales sites of various sellersto understand the warehouse temperature, product sales, product quality, and consumers' feedback. Eachdepartment analyzed the feedback from customers and made internal improvements to ensure that the productquality meets customers' needs and continuously improves customer satisfaction.

The Company has held a total of 20 activitiesand training with the theme of customerservice, including themes such as "Togetherwith You and the Fish", the New ProductRecommendation Meeting for Distributors inthe Central China Region, the Visit of FrozenFood Kitchen and the Production and SalesCoordination Meeting, and Marketing ShortVideos.

Complaint Response

Customer Satisfaction

Relevant Training

Confirmed Compliant on PrivacyViolation or Data LossageIncident on ClientPrivacy Leakage

Data Security

Anjoy Group attaches great importance to the collection, use, storage, and sharing of customer privacy data.Data desensitization and encryption are carried out on customer privacy data. In incidents such as the leakage ofcustomer privacy data, the Information Security Department is responsible for emergency response and handling.Access to privacy data is carried out through the database operation and maintenance platform, and zero trustis implemented to prevent unauthorized access. The con?dentiality of customer privacy data is guaranteed by theCon?dentiality Agreement.In 2024, there were zero incidents of customer privacy leakage.In 2024, the statistically veri?ed number of complaints regarding the infringement of customer privacy and theloss of customer information was zero.

While providing consumers with safe and delicious food, Anjoy Group attaches great importance to informationsecurity work and makes every effort to protect consumers' personal information and corporate data security.The Company has formulated the Data Security Management System and the Business System Emergency andResponse Specification, which strictly regulate the entire process of data from collection to use. Key data isencrypted for storage and backed up regularly, and a complete emergency response mechanism is established toensure that the business system can be quickly restored in case of emergencies. At the same time, Anjoy adopts anadvanced security protection system to strengthen identity authentication and access control. It regularly organizesdata security risk assessments and promptly fixes potential vulnerabilities. In addition, by regularly organizinginformation security training for employees, Anjoy enhances the information security awareness of all employees,making each employee a guardian of information security. It continuously optimizes the information securitymanagement system to ensure the e?ectiveness and adaptability of information security work.

Customer Privacy Protection

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

5253

ResponsibilitiesHierarchy

Communication and Coordination Mechanism

Risk Assessment Mechanism

Emergency Response Mechanism

Decision-making LevelManagementLevel

ExecutionLevel

Composed of members of the Company's board of directors and senior leaders. This level is responsible for formulating thelong-term strategic plan for data security to ensure that data security work is in line with the Company's overall strategicobjectives. It approves major data security decisions, such as data cross-border transmission strategies and data securitybudget allocation.Data Security Management Department: Responsible for formulating and improving data security management systems,processes, and standards. It organizes data security risk assessments, compliance audits, and other work, and conductsemergency response and handling of data security incidents.Business Department Heads: As the primary responsible persons for data security within their respective departments, theyare responsible for implementing the Company's data security policies. According to business needs, they formulate datausage rules for their departments to ensure the secure use of data in business activities.Data Security Administrators: Responsible for the daily management of data, including data classi?cation, grading, storage,backup, and restoration, etc. They strictly authorize and monitor data access under the data security management system.Security Technology Team: Composed of experts such as network security engineers and penetration testing engineers. Itis responsible for constructing and maintaining the data security technical protection system, such as ?rewalls, intrusiondetection systems, data encryption algorithms, etc. It promptly responds to various network security threats to ensure thesecurity of data transmission and storage.Ordinary Employees: In their daily work, they are required to abide by the Company's data security regulations and use dataaccording to authorization. If they discover data security issues, they should promptly report to the relevant departments.

Regular data security work meetings are held, organized by senior leaders and attended by heads of variousdepartments. These meetings discuss the implementation of the data security strategy, solutions to major datasecurity issues, etc.Each department timely communicates data security-related information and the implementation of relevantsystems through OA and other means.

The data security management department regularly organizes data security risk assessments. In specialsituations (such as major data security incidents and signi?cant changes in business systems), risk assessmentscan be carried out at any time.Technical personnel use qualitative and quantitative methods to identify, analyze, and evaluate datasecurity risks. Based on the assessment results, corresponding risk control measures are formulated, and theimplementation e?ects of these measures are tracked.

Formulate the Business System Emergency and Response Speci?cation system and the emergency response planfor data security incidents, clarifying the emergency response process, the responsibilities of each department,and emergency handling measures.When a data security incident occurs, the emergency response mechanism is quickly activated according to theemergency response plan. The data security management department coordinates the emergency handling ofeach department to control the situation and reduce losses.

Four Operational Mechanisms of Data Security

Supervision and Assessment Mechanism

Data Collection Security

Data Transmission Security

Data Storage Security

Data Processing Security

Data Exchange Security

The data security management department supervises and inspects the data security work of each department.The inspection focuses on the implementation of data security systems and measures.

Principle of Legality, Legitimacy and Necessity: Data collection should be carried out in accordance with the law,and data should not be obtained by stealing or other illegal means.Principle of Minimality and Necessity: Only collect the minimum types and quantities of data required to meetspeci?c purposes.Data Quality Control: Ensure the accuracy, integrity, timeliness and consistency of the collected data.Encrypted Transmission: Use encryption technology to protect the security of data during the transmissionprocess.Identity Authentication: Conduct identity authentication at both ends of data transmission to ensure thetrustworthiness of both transmitting parties.Integrity Veri?cation: Use veri?cation technology to ensure that data is not tampered with during thetransmission process.Classi?ed and Graded Storage: Classify and grade data for storage according to its importance and sensitivity.Access Control: Implement strict access control strategies to ensure that only authorized personnel can accessrelevant data.Backup and Restoration: Establish a data storage backup mechanism and regularly conduct backup andrestoration drills.

Principle of Minimization: Follow the principle of minimization during the data processing process, and onlyprocess the data required to meet speci?c purposes.Data Desensitization: Desensitize sensitive data to reduce the risk of data leakage.Security Audit: Conduct security audits of data processing activities, record and monitor the data processingprocess.Approval and Agreement: Strict approval should be obtained before data sharing, and a cooperation agreementshould be signed with the sharing party.Secure Transmission: Adopt secure transmission methods during the sharing process to ensure that data is notleaked.Personal Information Protection: When sharing personal information, comply with the requirements of relevantlaws and regulations to ensure the security of personal information.

Anjoy ensures data security through "six aspects of security, one classification, andone training"

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

5455

Data Destruction Security

Level 1 Data

Level 2 Data

Level 3 Data

Level 4 Data

Clear Destruction Mechanism: Establish a data destruction mechanism, and clarify the deletion methods ofstorage media and the data destruction process.Reliable Destruction Technology: Adopt reliable technical means to ensure that the deleted and destroyed datacannot be recovered.Destruction Audit: Audit and record the data destruction process to ensure the compliance of the destructionactivities.

Once the data is leaked, tampered with, damaged, or illegally obtained, used, or shared, it will not cause harm tothe rights and interests of individuals or organizations. Level 1 data has the attribute of public dissemination andcan be publicly released, forwarded, and spread externally. However, it is also necessary to consider the quantityand categories of the publicly released data to avoid being used for correlation analysis due to a large number ofcategories or a large quantity.

Once the data is leaked, tampered with, damaged, or illegally obtained, used, or shared, it will cause generalharm to the rights and interests of individuals and organizations. Level 2 data is usually shared and used withinthe organization and among related parties. After obtaining the authorization of the relevant parties, it can beshared outside the organization.

Once the data is leaked, tampered with, damaged, or illegally obtained, used, or shared, it will cause seriousharm to the rights and interests of individuals and organizations. Level 3 data can only be accessed by authorizedinternal institutions or personnel. If the data needs to be shared externally, relevant conditions need to be metand the authorization of the relevant parties needs to be obtained.

Once the data is leaked, tampered with, damaged, or illegally obtained, used, or shared, it will cause particularlyserious harm to the rights and interests of individuals and organizations, or cause general harm to economicoperation, social order, and public interests. Level 4 data is strictly managed according to the approvedauthorization list, and can only be shared or disseminated within a controlled range after strict approval andevaluation.

According to the degree of harm caused to economic operation, social order, public interests, or the legitimaterights and interests of individuals and organizations once the data is leaked, tampered with, damaged, or illegallyobtained, used, or shared, general data is divided into four levels from low to high: Level 1, Level 2, Level 3, andLevel 4.

In order to ensure that Anjoy Group can quickly and effectively handle emergencies of various businesssystems (such as technical failures, cyberattacks, etc.), it has established the Business System and Corresponding

Data Classi?cation and Grading

Data Security Emergency Response Process

Daily Alarm Monitoring Process

AlarmDetection

Alarm Analysisand Disposal

Alarm Trackingand ClosureSafetyMonitoring Post

SafetyOperationsSupervisorIncidentResponsePositionAnalysis &AssessmentPosition

Start

Other AlarmsDetectalarmsthrough thesituationawarenessplatformor securityproducts

Conduct initialalarm analysisto preliminarilydetermine the typeof alarm

Known / Repeated

Alarms

Internet Malicious

Attack Alarms

(Attack Detection /

Attack Failure)(SuccessfulAttack / LossAlarmAlarm to beInvestigatedRegulatoryIssue Alarm

Change the alarm status to"Under Disposal", report to thesafety operation supervisor forcon?rmation of disposal

Complete alarm disposal,change the alarm statusand evaluate the alarm

Know the results ofthreat alarm disposal,summarize alarm monitoring/ report

Conduct threat analysisand research feedback,strengthen safetymonitoring, and track theprogress of alarm disposalSummarize andsubmit to the analysisand research post,change the alarmstatus to "UnderDisposalReceive disposalfeedbackCon?rm disposalExecute the Threat Disposal ProcessExecute the Daily Alarm Analysis Process

Execute the Avoidanceand Optimization Process

Specification system. This enables the comprehensive, efficient, and orderly implementation of the emergencyresponse mechanism for business systems and maintains the continuity of business systems.The handling mainly refers to the daily alarm monitoring and analysis processes. In the daily alarm analysisprocess, the risk assessment is carried out by the analysis and judgment post. And a tracking record of securityalarm handling and a security alarm handling noti?cation form will be formed.

The management of the security emergency response team shall conduct a risk assessment and issue disposalplans based on the assessment results.●The relevant departments shall conduct training on employees' data security awareness at least two times ayear to ensure that employees have enough time to deeply learn and understand the relevant knowledge of datasecurity.

●The organization or individual can choose an appropriate training method according to the actual situationand ensure the pertinence and practicality of the training content.

●After the training, the training effect shall be evaluated. This can be done through examinations,

Daily Information Security Incidents

Emergency Information Security Incident Risk Assessment

Data Security Training

Alarm Applicationfor Analysis andResearch RecordSheet

Network Security OperationMonitoring Daily Report、Network Security MonitoringData Summary Table

Inform

End

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

5657

questionnaires, practical operation tests, and other means.

●The organization shall establish a sound training record system to record and file information such as thetime, place, content, participants, and training e?ect of each training.

●Identification of Business Secrets: Data security specialists shall classify and grade each database, andmanually identify the con?dential data in the high-level databases.●Access Control of Confidential Data: Access control of confidential data shall be carried out through thedatabase operation and maintenance platform and the zero-trust intranet access software. The con?dential datashall be desensitized, and personnel operations shall be restricted through policies. Authorized personnel shallaccess the confidential data indirectly through the proxy. For the storage locations of confidential data such ascomputer rooms, corresponding access control systems, surveillance cameras, and other facilities shall be set up.Personnel entering and exiting shall be registered and can only enter if they have access control rights.●Con?dentiality Awareness Training: The employee handbook contains regulations on relevant con?dentialdata. When employees join the Company, they shall sign the Con?dentiality Agreement if necessary.●Emergency Response: For emergency responses to events such as data leakage, the information securitydepartment shall be responsible for event tracking and disposal.

In 2024, there were no data security incidents in Anjoy Group.

Business Secret Management System

Data Security Incident

Guardian ofLucid Waters andLush Mountains

......................................................

........................................................................................

...............................................................................

...................................

Green OperationClimate Change ResponseClean ProductionWater Resources ManagementEnergy UtilizationEcosystem and Biodiversity ProtectionGreen Supply Chain Construction

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

5859

General manager

Manufacturing Center

Equipment Department

Environmental Protection Specialist

Green OperationAnjoy Group adheres to the concept of green and sustainable development, sets environmental goals, pursuesthe recycling of resources, and actively explores ways to reduce energy consumption intensity. It complies withthe relevant systems of the Environmental Protection Law of the People's Republic of China, and in the processof production and development, it adheres to implementing environmental protection as a basic national policy,adheres to the principle of "prevention ?rst, combined with prevention and control", and adheres to the principlesof combining resource protection with damage control, overall planning, special treatment, highlighting key points,step - by - step implementation, and "whoever pollutes shall be responsible for the treatment". While ensuringhigh-quality products, it also takes into account high-standard environmental protection requirements.The Company and its subsidiaries have established an equipment department under the manufacturing centeras the environmental management agency. The equipment department is responsible for the overall environmentalprotection work of the Company, and is responsible for the implementation of the Company's environmentalmanagement and the development of relevant performance work. This department also has a specialenvironmental protection specialist position, speci?cally responsible for environmental protection managementwork. The speci?c structure is as follows.

Governance Structure

ResponsibilitiesRank

The speci?c responsibilities of the environmental management agency are as follows:

Anjoy Group has always adhered to the concept of sustainable development, strictly complied with nationaland local environmental protection laws and regulations, and comprehensively implemented systems such as theLaw of the People's Republic of China on the Respo Response and the Fire Control Law of the People's Republic ofChina. To ensure that environmental risks are controllable, each base of the Company has speci?cally formulated asound emergency plan management system, covering links such as environmental risk identi?cation, prevention,monitoring, and emergency handling.

Environmental Risk Management

EnterpriseEnvironmentalManagement TeamLeader

Deputy TeamLeader of EnterpriseEnvironmentalManagement

Members of EnterpriseEnvironmentalManagement

●Take overall responsibility for the environmental management work of the enterprise.

●Be responsible for supervising and guiding the work of the enterprise's environmental protection specialists, and

reviewing the enterprise's environmental reports and environmental information, etc.

●Be responsible for organizing the formulation and implementation of the enterprise's pollution reduction plan,

and implementing the reduction targets.

●Be responsible for organizing the formulation and implementation of the enterprise's internal environmental

management system.

●Be responsible for establishing and organizing the implementation of the enterprise's emergency system for

environmental emergencies.

●Be responsible for formulating and supervising the implementation of the enterprise's environmental protection

work plans and rules and regulations.

●Be responsible for the implementation of the enterprise's pollution reduction plan and provide technical support

for the work, and assist in the veri?cation of pollution reduction.

●Assist in organizing the preparation of the environmental impact reports and the "three simultaneous" plans for

the enterprise's new construction, reconstruction and expansion projects, and urge their implementation.

●Be responsible for inspecting the operation status of the production facilities that generate pollution, pollution

prevention facilities and facilities with potential environmental safety hazards in the enterprise, and supervising thework of each environmental protection operation post.

●Be responsible for inspecting and grasping the pollutant discharge situation of the enterprise.

●Be responsible for reporting the pollutant discharge situation, the operation status of pollution prevention

facilities, the progress of pollutant reduction projects and the achievement of the main pollutant reduction targets tothe environmental protection department, accepting the guidance and supervision of the environmental protectiondepartment, and cooperating with the environmental protection department in supervision and inspection.

●Assist in carrying out work such as cleaner production, energy conservation and water conservation.

●Organize the preparation of the enterprise's environmental emergency plan, promptly report sudden

environmental pollution incidents to the environmental protection department, and deal with them.

●Be responsible for environmental statistics work.

●Be responsible for organizing environmental protection knowledge training for the enterprise's employees.

●Do a good job in water quality testing, e?ectively control the quality, and ensure that all indicators of the e?uent

meet the discharge standards.

●If the test results are found to be exceeding the standard or showing signs of exceeding the standard, directly take

samples from the water treatment for further testing, analyze and ?nd out the reasons.

●Be responsible for the calibration of the tools and instruments in the sewage treatment station, including dissolved

oxygen meters, pH meters, etc.

Anjoy actively takes various measures to strengthen the monitoring of risk targets for all possible suddenenvironmental incidents, and has established an emergency early warning mechanism, striving to achieve"early detection, early reporting, and early handling". By strengthening the management of risk substances andunits, implementing the equipment maintenance management system, ensuring that emergency supplies andequipment are in good condition, and conducting regular emergency training and drills, the occurrence of suddenenvironmental incidents can be e?ectively prevented.

Anjoy has established a complete prevention system in environmental management, covering multiple

Prevention and Early Warning

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

6061

?elds such as rules and regulations, monitoring measures, chemical management, wastewater treatment, wastegas emissions, fire prevention, soil protection, and emergency supplies management. Through comprehensivepreventive measures, environmental and safety risks have been effectively reduced, and the stable operation ofproduction and the sustainable development of the environment have been guaranteed.

Monitoring and Alarm

Chemicals Management

Wastewater Treatment

Waste Gas and Lampblack Treatment

Fire and Explosion Prevention

Soil Protection

Video Monitoring: Monitor key areas like the factory area, sewage treatment station, and workshops.Real-time Monitoring: Monitor equipment operation, personnel activities, and trigger abnormal alarms.

Procurement: Select quali?ed suppliers and obtain safety technical speci?cations.Storage: Store in categories, managed by dedicated personnel, with regular inspections.Usage: Standardize operations to prevent leakage, and equip with protective devices.

Facility Operation: Adopt a dual-pump system and conduct regular patrol inspections for stable operation.Water Quality Monitoring: Regularly entrust external testing to ensure compliant discharge.Emergency Measures: Set up accidental wastewater ponds, emergency valves, and emergency pumps.

Equipment Maintenance: Regularly overhaul and replace consumables for normal operation.Emission Control: Discharge at high altitudes to avoid unorganized emissions.Patrol Records: Conduct daily patrols and address any issues promptly.

Fire-?ghting Facilities: Equip with ?re extinguishing systems and sprinkler devices, and maintain regularly.Equipment Explosion-proof: Use explosion-proof electrical equipment, and improve lighting protection and anti-static facilities.Employee Training: Provide ?re protection knowledge training and conduct emergency drills.

Anti-seepage Measures: Apply anti-corrosion and anti-seepage treatments to the ground and walls of thewastewater treatment station.Emergency Interception: Install emergency valves at rainwater inlets to prevent pollution spread.

Emergency Supplies Management

Important Facilities Maintenance

Other Measures

Supplies Stockpiling: Have a list of emergency supplies and equipment.Regular Inspections: Inspect monthly to ensure supplies are available.Uni?ed Allocation: The logistics support team is responsible for allocation.

Regular Inspections: Inspect emergency vehicles, water supply, power supply, and sewage treatment facilitiesregularly.Equipment Maintenance: Ensure equipment operates within the safe service life.Uni?ed Allocation: The logistics support team is responsible for allocation.

Labor Protection Supplies: Strictly wear labor protection supplies and comply with safety operation procedures.Safety Education: Incorporate into business management and popularize safety knowledge.Skill Training: Improve employees' emergency handling capabilities.

Key control of explosion-proof storage cabinets

for hazardous chemicals

Accident emergency pool signIn terms of early warning, Anjoy Group has established a sound early warning mechanism for suddenenvironmental incidents. According to the level of the incidents, the early warnings are classi?ed into red (sociallevel), orange (company level), and yellow (workshop level). The early warning information is obtained throughexternal channels (such as the heavy rain and typhoon warnings issued by the government) and internal channels(such as equipment failures, chemical leaks, ?re protection facilities failures, etc.).The emergency leadership team activates the corresponding emergency plans according to the developmentof the situation, and takes measures such as issuing early warning notices, investigating risk sources, mobilizingemergency supplies, organizing rescue teams to prepare for action, etc. When necessary, it will transfer or evacuatepersonnel and seek external support. After the situation is brought under control, and after the risk is con?rmedto be lifted through evaluation, the emergency commander-in-chief will issue an order to lift the early warning.Through the hierarchical early warning and rapid response, it is ensured that sudden environmental incidents canbe e?ectively dealt with, and the environmental impact and losses are minimized.

6263

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Environmental MonitoringAnjoy Group has strictly prepared its self-monitoring plan in accordance with the requirements of national environmentalmonitoring specifications and completed the filing in the Self-Monitoring Management System for National Pollutant SourceEnterprises. By equipping an automatic wastewater discharge monitoring system and entrusting a third-party professionalinstitution for operation and maintenance , the authenticity, accuracy, and integrity of the monitoring data are ensured.All production bases of the group have established a complete monitoring system, achieving full coverage monitoring of keypollution factors. The monitoring of water pollutants covers characteristic indicators such as ammonia nitrogen, SS (suspendedsolids), BOD5 (biochemical oxygen demand for five days), total nitrogen, total phosphorus, fecal coliforms, and anionicsurfactants. The waste gas monitoring system includes key parameters such as ammonia, hydrogen sul?de, odor concentration,and ozone, and the emission monitoring is carried out simultaneously.Environmental Awareness Enhancement

Anjoy Group comprehensively improves employees' environmental protection awareness and emergency responsecapabilities through systematic emergency plan drills, publicity, education and training, as well as a mechanism of rewards andpunishments for responsibilities. The Company organizes practical drills (including procedural and veri?cation drills) and tabletopdrills every year to test the e?ectiveness of the emergency response plans and the coordination and linkage capabilities amongvarious departments. It also evaluates and summarizes the e?ects of drills to continuously improve the emergency managementsystem.

Meanwhile, the Company regularly conducts special training on ?re protection, chemical handling, ?rst aid, etc., to ensurethat employees master the necessary emergency skills, especially that personnel in key positions receive targeted training everyyear. In addition, the Company further strengthens the environmental protection responsibility awareness of all employees byrewarding individuals and teams that perform outstandingly in emergency response and holding those accountable for derelictionof duty. This ensures that environmental protection is deeply ingrained in people's hearts and implemented in practical actions.

Anjoy has taken remarkable measures in environmental protection investment this year. The environmental protectioninvestment statistics for this year have added Shandong Anjoy and Honghu Anjoy, demonstrating the Company's positive attitudeand practical actions in environmental protection. It has made efforts for the Company's sustainable development and theprotection of the local environment. During the reporting period, Anjoy's total investment in the environmental protection ?eldwas 50.2668 million yuan.

50.2668

Total investment in theenvironmental protection?eld was 50.2668 millionyuan

Accident

Accident Level

Assessment

Information Feedback

Request Reinforcemen

Summary Reviewand Recti?cation

On-site Isolation

EmergencyOrganizationEstablishedEmergency Personnelin Position

On-site Treatment

Emergency Rescue

Material Transfer

Personnel Evacuation

EmergencyCommunication

Assurance

Post-Incident Handling

On-site Cleanup

Emergency Resource

Allocation

Accident Investigation

Lift Alert

On-site Monitoring

First Aid

Information Collection

Activate CompanyEmergency Plan

Emergency Response

Incident ControlEmergency RecoveryEmergency Termination

level II

level II

NY

Alert Received by Department

Head or Duty Manager

6465

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

224.50

988.29

416.54

223.65

371.30

327.60

615.80

852.48

340.68

405.83

349.12

295.54

2024Total Environmental Protection Investment (in ten thousand yuan)

Honghu

Honghu

Shandong

Shandong

Guangdong

Guangdong

Xinliuwu

Xinliuwu

Xinhongye

Xinhongye

Henan

Henan

Liaoning

Liaoning

Sichuan

Sichuan

Hubei

Hubei

Taizhou

Taizhou

Wuxi

Wuxi

Xiamen

Xiamen

1000

Total Environmental ProtectionInvestment (in ten thousand yuan)

Climate Change Response

Climate Risk ManagementAnjoy Group actively responds to the national "Dual Carbon" goal and engages in global climate governance actions. Itensures the effective management of climate-related issues through a sound management mechanism. To solidly promotecarbon-neutral work, Anjoy has established a carbon-neutral management framework consisting of a "decision-making level -organization level - execution level" to clarify the responsibilities of each level, promote the orderly implementation of carbonmanagement work, drive the low-carbon development of the entire industrial chain, and help achieve the goals of "carbon peakand carbon neutrality".Decision-making level: Anjoy Foods has set up a Board Strategy Committee and a Sustainability Committee at the Board level,which are responsible for studying the long-term development strategic plan, guiding the work on sustainability, reviewing theannual sustainability plan (including climate change, etc.) and its implementation, and supervising the implementation of therelevant plan, respectively.

Organization level: The equipment department is specifically responsible for daily management, project promotion,technical support, and guidance of climate change to ensure the e?ective implementation of carbon-neutral work. Through thismanagement framework, Anjoy implements carbon-neutral work in a down-to-earth, in-depth, and thorough manner, providing asolid guarantee for achieving green and sustainable development

Climate Risk Goals

Currently, 63% of Anjoy's carbon emissions come from electricity or heat procurement. The national average electricityemission factor is approximately 0.5366 kgCO/kWh (Announcement on the Release of the 2022 Electricity Carbon DioxideEmission Factor). According to the China Regional Power Grids Carbon Dioxide Emission Factors released by the Chinese Academyof Environmental Planning in 2023, the average power grid emission factor of the national power grid will be reduced to 0.032kgCO/kWh by 2030. The reduction in electricity-related carbon emissions alone accounts for 58% of the total emissions.However, considering that the existing R22 refrigerant will be replaced by the R507 refrigerant, which has a higher greenhousee?ect, and assuming that the leakage rate is reduced by 5% through equipment maintenance, the refrigerant leakage will increaseby 40% relative to the total emissions. Taking both aspects into account, Anjoy aims to reduce greenhouse gas emissions per unit

of revenue by 18% in the next ?ve years.Carbon Emission ManagementWhen calculating the greenhouse gas emissions, Anjoy Group strictly refers to international and domestic authoritativestandards and methods, including ISO 14067 (Standard for Quanti?cation and Communication of Product Carbon Footprint), GHGProtocol (Greenhouse Gas Accounting System), and GB/T 32150 General Rules for Accounting and Reporting of Greenhouse GasEmissions from Industrial Enterprises. At the same time, by the speci?c requirements of the Guidelines for Accounting Methodsand Reporting of Greenhouse Gas Emissions of Chinese Enterprises in the Food, Tobacco, Alcohol, Beverage and Refined TeaSectors and the Guidelines for Accounting and Reporting of Greenhouse Gas Emissions in Other Industrial Sectors, the Companysystematically designs and implements the greenhouse gas emission accounting process. Through scienti?c and standardizedaccounting methods, Anjoy ensures the accuracy and transparency of greenhouse gas emission data, providing a reliable basis forformulating emission reduction targets and promoting sustainable development.

Carbon emissions of the Anjoy Group in 2024

Emission amount (tCO - eq)

Electricity and heatconsumptionAnaerobic treatment ofwastewater

Emission SourcesRefrigerant leakageTransportation processFossil fuel combustionIndustrial production processcarbonate consumptionemissions

As a subsidiary of Anjoy Group, Wuxi Huashun Minsheng Food Co.,Ltd. is committed to achieving the goal of carbon neutralityand promoting green and sustainable development through a number of initiatives.

The Company has obtained the ISO 14001 Environmental Management System Certification and ISO 50001 EnergyManagement System Certification. It manages and reduces energy consumption and carbon emissions in production andoperation in a systematic way.

In addition, the Company has actively participated in national, provincial and municipal scienti?c research projects. Up tonow, the Company has undertaken a total of 8 national, provincial and municipal projects.

Wuxi Watson also attaches great importance to technological innovation and owns 85 authorized patents, among which 17are invention patents, providing technical support for energy conservation and emission reduction.

6667

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

To quantify carbon emissions and promote emissionreduction, the Company has carried out product carbonfootprint certi?cation. The aim is to comprehensively assessthe greenhouse gas emissions throughout the product lifecycle, identify opportunities for emission reduction, andenhance the environmental competitiveness of products.Through carbon footprint certi?cation, Wuxi Watson can notonly meet consumers' demand for green products, but alsoset a low-carbon benchmark for the industry and contributeto achieving the goal of carbon neutrality.Adhering to the brand values of "green, healthy and safe",the Company is committed to becoming the food enterprisewith the greatest social responsibility, enabling consumersto enjoy delicious food while contributing to environmentalprotection.Clean Production

Anjoy Group complies with laws and regulations such as the Water Pollution Prevention and Control Law of the People'sRepublic of China, Law of the People's Republic of China on the Prevention and Control of Atmospheric Pollution, Law of thePeople's Republic of China on Prevention and Control of Environmental Pollution by Solid Waste, and Regulations of the People'sRepublic of China on the Prevention and Control of Noise Pollution. It implements emission standards including the IntegratedWastewater Discharge Standard, Wastewater Quality Standards for Discharge to Municipal Sewers, Discharge Standard of WaterPollutants for Meat Packing Industry, Emission Standards for Odor Pollutants, and Emission Standard for Industrial EnterprisesNoise at Boundary. Additionally, it formulates management systems such as the Environmental Management System, StandardManagement System for Hazardous Waste Pollution, and Operating Procedures for Sewage Treatment Stations to e?ectively treatthe wastewater, exhaust gas, waste, and noise generated during the production process.

Wastewater Management

The Company has constructed a supporting sewage treatment station and strictly implements the Operating Proceduresfor Sewage Treatment Stations. It conducts centralized treatment of pollutants such as chemical oxygen demand and ammonianitrogen in the wastewater. The operation status of the sewage treatment station is monitored through an online monitoringsystem, daily manual monitoring in the Company's laboratory, and entrusting third-party monitoring to ensure that the emissionscomply with national and local sewage pollutant discharge standards.。

TreatmentWastewater Types

ProductionWastewater

Domestic Sewage

●Through processes such as grid separation, rotary screens, air flotation, acidificationtanks, UASB (Upflow Anaerobic Sludge Blanket), aerobic biochemical systems, secondarysedimentation tanks, and sand filter tanks, a combination of physical filtration, chemicaltreatment, and biological treatment is adopted to make the production wastewater meet thedischarge standards.●All production wastewater is treated in the sewage treatment station. After meeting thestandards, part of the reclaimed water is reused, and part is discharged externally through themunicipal pipeline network to the municipal sewage treatment plant.

●After being treated by the septic tank to meet the standards, the domestic sewageis discharged into the municipal pipeline network according to the requirements of theenvironmental impact assessment, or enters the sewage treatment station for further treatmentand then is discharged into the municipal pipeline network

Hubei

Hubei

Xinliuwu

Xinliuwu

Liaoning

Industrial Wastewater Discharge

Liaoning

Shandong

Shandong

Wuxi

Wuxi

Guangdong

Guangdong

100200300400500600Xiamen

Xiamen

Henan

Henan

Taizhou

Taizhou

Sichuan

Sichuan

Wastewater discharge of Anjoy Group in 2024

Chemical Oxygen DemandDischarg

Total NitrogenDischarge

Total PhosphorusDischarge

Ammonia NitrogenDischarge

●Key equipment has one in use and one as a backup. The sewage team is responsible forregular equipment maintenance, and the machine repair workshop is responsible for equipmentmaintenance and repair to ensure the normal operation of the equipment.

Industrial wastewater discharge (tons)

6869

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Waste Gas ManagementThe waste gas emissions of Anjoy Group mainly come from pollutants such as sulfur dioxide, nitrogen oxides generated inthe production and heat supply processes, lampblack produced in the frying process, and malodorous gases from the sewagetreatment station. The Company and its subsidiaries mainly purchase pipeline steam through centralized heating, and some oftheir boilers use clean energy natural gas to reduce the emissions of waste gases such as nitrogen oxides, sulfur dioxide, and soot.Waste gas treatment facilities are installed for lampblack and malodorous gases from the sewage station to ensure waste gas isdischarged up to the standard.

Treatment MethodsWaste Gas Types

Nitrogen Oxides,

Sulfur Dioxide

Lampblack

Sewage Malodor

Reduce boiler waste gas emissions through centralized heating and other means.Significantly enhance the electrostatic adsorption capacity for lampblack waste gas througha spray device and a high-voltage electrostatic adsorption device. By installing a lampblackpuri?cation device, the waste gas treatment e?ciency exceeds 90%The odor-generating areas are hermetically collected. After hermetic collection, the odorousgases are transported by a fan through a conveying pipeline to a biological puri?cation device.After being treated to meet the standards, they are discharged at a high altitude through a15-meter chimneyThis year, Anjoy Group has demonstrated remarkable improvement and deepening in waste gas management. For the ?rsttime, Xiamen Anjoy, Taizhou Anjoy, and Wuxi Anjoy have been included in the scope of waste gas emission statistics, furtherexpanding the coverage of the monitoring system. Based on the original statistics of nitrogen oxides and sulfur dioxide emissions,industrial waste gas, ?uorine oxides, particulate matter, and volatile organic compounds emissions have been added, re?ectinghigher requirements for the comprehensive control of air pollutants. At the same time, Anjoy has achieved an importantbreakthrough in data disclosure. It has shifted from only providing the overall data of the group last year to re?ning the emissionstatistics of each subsidiary base, fully reflecting Anjoy's continuous efforts and sense of responsibility in promoting greenproduction and optimizing environmental performance.

Waste gas emissions of the Anjoy Group in 2024

Industrial Waste Gas

Emission

Fluoride Oxide EmissionSulfur Dioxide Emission

Particulate Matter Emissi

Emissions (tons)

Nitrogen Oxides

0510

MY

GIRL

Waste Disposal

Solid Waste Management

The solid waste of Anjoy Group mainly consists of three categories: general solid waste, hazardous waste, and kitchen waste.The Company has set up hazardous waste storage rooms and garbage rooms to handle solid waste in a classified and gradedmanner.Hazardous wastes such as waste mineral oil generated from the normal maintenance of mechanical equipment likerefrigeration units and laboratory testing reagents are collected and stored in accordance with the requirements of the PollutionControl Standard for Hazardous Waste Storage (GB 18597-2001). And a company with relevant qualifications is entrusted toimplement harmless treatment. The transfer and treatment of hazardous waste are reported and approved according to theprocedures, and the transfer consignment note system is strictly implemented.

General solid wastes such as waste cardboard, waste metal, waste plastic, waste grease, and sewage sludge are recycled andcomprehensively utilized. They are placed in the garbage room according to waste classi?cation, and a third party regularly clearsthem away.

Kitchen waste from the canteen, waste materials intercepted by the sewage grid, and scrapped raw materials, finishedproducts, and semi-finished products in the workshop are regarded as kitchen waste by the municipal department. Aftertreatment, they can be comprehensively utilized. They are uniformly cleared out of the factory by the municipal department at a?xed time every day to ensure that there is no accumulation in the factory area.

7071

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

General industrial solid waste emissions of Anjoy Group in 2024

Hazardous Waste ManagementTo implement the Work Safety Law of the People's Republic of China, put into practice the principle of "Safety First,Prevention First, and Comprehensive Treatment", standardize the management of hazardous chemicals, ensure the safety ofenterprise production, prevent the occurrence of major and serious accidents, and maintain the stability of the Company'ssituation, the Hazardous Substances Management System is specially formulated.

LiaoningSludgeWasteCardboard

WastePlastic

Waste Metalwaste wood

FoodResiduesDomestic

Waste

Waste Frying Oil

HubeiXiamen Sichuan Guangdong Taizhou Henan Shandong Wuxi Xinliuwu

type of waste

300020001000

Emissions (tons/million)

ResponsibilitiesDepartment

Work SafetyDepartment

Warehousing

Workshop

Security O?ceProcurementDepartmentUsing Departmentand Workshop

EquipmentDepartment

Responsible for formulating emergency response plans for sudden accidents involving hazardous substances,regularly organizing and conducting drills, and ?ling them with relevant government departments; responsiblefor promoting the training work related to the management of hazardous substances in the Company andsupervising the implementation.

Responsible for the safety management of the unloading, storage, and scrapping of hazardous substances (ifstored by the using department, the using department shall be responsible).

Responsible for the inspection of hazardous substances entering and leaving the factory area and the dailypatrol inspection of hazardous substances.Responsible for the procurement and transportation safety management of hazardous substances (ifpurchased by the using department, the using department shall be responsible).Responsible for the safety management of the receipt, use, scrapping, and temporary storage of hazardouschemicals.Responsible for the ?nal treatment of hazardous waste.

Management System:

Waste Management Process

Waste Management Process

Noise ManagementThrough reasonable layout of the factory area (high-noise equipment is kept away from the factory boundary), planting treesand grass around, installing vibration damping pads on the pumps of the wastewater treatment station and the fans of the wastegas treatment facilities, and using sound-absorbing cotton, sound-absorbing bricks and other noise reduction measures in therefrigeration machine room and the sewage fan room, the daily maintenance and repair of equipment are strengthened to ensurethat all equipment, especially the equipment for preventing and controlling high-noise pollution, is in normal working conditions,to reduce the impact of noise on the outside world as much as possible.

The noise at the factory boundary complies with the Emission Standard for Industrial Enterprises Noise at Boundary(GB12348-2008). A quali?ed third party conducts tests every quarter, and the emissions all meet the standards.

In order to implement and enforce the Environmental Protection Law of the People's Republic of China, the Law of thePeople's Republic of China on Prevention and Control of Environmental Pollution by Solid Waste and relevant laws andregulations, and to protect the environment, the hazardous waste management system is specially formulated.

?Hazardous Waste Generation

?Hazardous Waste Collection

?Hazardous Waste Storage

Entry

?Hazardous Waste Storage

?Hazardous Waste Transfer

?Hazardous Waste Disposal

?Maintenance,Refrigeration,

Laboratories

?Maintenance,Refrigeration,

Laboratories?Maintenance, Refrigeration,Laboratories, EquipmentDepartment? Equipment Department

?Equipment Department

?Equipment Department

ResponsibleUnits

ResponsibleUnitsResponsibleUnitsResponsibleUnitsResponsibleUnits

ResponsibleUnits

7273

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Packaging material usage of the Anjoy Group in 2024

Packaging material usage of the Anjoy Group in 2024Packaging Usage

4,780.00

1,560.00

7,290.36

1,558.34

7,687.60

2,570.00

1,809.52

414,088.50

3,144.75

53,495.66

2,347.28

433,056.96

10,985.91

5,413.60

8,307.97

2,077.20

3,130.17

556.74

699.49

2,091.00

5,659.89

794.30

Replacement of Oil Tanks and PP Turnover Frames for Traditional CartonsIn line with the ESG sustainable development concept, Anjoy Group has specially set up first-level insulated soybean oiltanks. By coordinating with Yihai Kerry and the Oil and Fat Business Department of COFCO, the Company has changed the deliveryof oil in carton packaging to delivery in oil tanks, reducing the use of 780,000 carton packages annually. At the same time, incooperation with suppliers of agricultural and sideline products and auxiliary food, within the permitted range, part of the cartonouter packaging has been replaced with non-toxic, harmless and odorless PP turnover baskets. The group has reduced the useof 1,345,000 cartons in total. Some carton products have been changed to reusable non-toxic, harmless and odorless turnovercontainers, with approximately 442,000. Anjoy Group continuously optimizes the packaging materials. During the reportingperiod, the group has reduced the use of cartons by approximately 2,567,000 in total, indirectly reducing the consumption of 2,350tons of base paper and cutting down carbon emissions. In the later stage, the group will continue to cooperate with suppliers todeepen the cooperation in sustainable development.

Water Resources ManagementAnjoy Group strictly complies with local laws and regulations regarding water intake, water use and drainage at its operationlocations. It adheres to laws and regulations such as the Water Law of the People's Republic of China, Soil and Water ConservationLaw of the People's Republic of China, and Law of the People's Republic of China on the Prevention and Control of WaterPollution. It vigorously carries out water-saving activities through preventing "leaks, drips, and spills". By eliminating continuousrunning water, reducing water ?ow, and decreasing water use points, it achieves the goal of water conservation.

(Ton)

(Ton)

Total

Total10000

1000

20000

2000

30000

3000

40000

4000

50000

500080000

60000

above60009000070000

100000110000

Hubei XinliuwuLiaoning ShandongAnjoy FoodsGroup Co.,Ltd.

TaizhouHenanHonghuSichuan

Wuxi

Wuxi

Hubei XinliuwuLiaoning ShandongAnjoy FoodsGroup Co.,Ltd.

TaizhouHenanHonghuSichuanWuxi

7475

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Note: The original units of the water intake and discharge of Liaoning Anjoy were cubic meters. In order to unify the units, thewater is calculated based on a density of 1 ton per cubic meter.

Reclaimed Water Reuse StatisticsThrough continuous improvement of production processes,introduction of advanced water-saving equipment, and strengtheningof water resources management, Anjoy Group has e?ectively improvedthe e?ciency of reclaimed water reuse, making substantial contributionsto reducing water resource consumption and environmental load. TheCompany has made remarkable progress in reclaimed water reuse.In 2024, the amount of reclaimed water reused by the Company was586,400 tons, while in 2023, the amount of reclaimed water reused bythe Company was 429,300 tons, representing a year-on-year increase ofapproximately 36.59%. These measures demonstrate Anjoy Group's ?rmcommitment and practical actions in promoting green production andful?lling environmental responsibilities.

Water Resources Usage of Anjoy Group:

5,710,000

3,655,532

3.77

2.42

The total waterconsumption in

Total Water Discharge

(tons)

Total WaterConsumption (tons)

Total WaterConsumption (tons)

Water-saving Measures

Anjoy Group actively practices the concept of water conservation and environmental protection. By establishing a completereclaimed water reuse system, the reclaimed water produced after sewage treatment is reused in multiple links of the factoryarea, including evaporation cooling condensation cycle, greening irrigation, dormitory toilet flushing, production workshoptoilet ?ushing, and garbage room ?ushing. At the same time, the Company has also implemented water-saving measures such assewage treatment with chemicals, e?ectively improving the utilization rate of water resources and demonstrating the Company'senvironmental protection commitment to sustainable development.

Reclaimed Water Reuse (Ton)Base

Reclaimed Water

Reuse System

Recycling andUtilization ofEvaporation

Condensate Water

Renovation ofWorkshop Lubricating

Water CirculationSystem

●Water source: Reclaimed water after sewage treatment.●Reuse scenarios: Toilet ?ushing in the factory area, green irrigation, etc.●Annual reclaimed water reuse amount: 39,978 tons, accounting for 10.20% of the total water consumptionin the factory area.

●Recycling temperature: 80-100℃.

●Energy-saving e?ect: Saving 10 m? of natural gas for heating each ton of water

●Technical transformation of the circulating water of the slicing machine: Saving 11 m? of water per singleshift.●Technical transformation of the lubricating water of the ?sh roe bun forming machine: Saving 12 tons ofwater per single shift.●Optimization of the water intake of the lubricating water of the forming machine: Saving 12 tons of waterper single shift and reducing steam consumption by 300,000 calorie units

175,600

7,200

73,984

39,978

105,118113,574

70,816

586,385

Water resource usage of Anjoy Group in 2024

Water resource usage of Anjoy Group in 2024

50.000

100.000

150.000

200.000

(Tons )

(Tons per 10,000 yuan)

(Tons )

(Tons per 10,000 yuan)

XiamenWuxiTaizhouSichuanHenanHubeiShandongGuangdong

(Ton)Total

7677

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Energy Utilization

The resources required for the production and operation of Anjoy Group mainly include energy sources such as electricity,steam, and natural gas, as well as water resources. Among them, electricity, steam, and natural gas constitute the main energyconsumption. The Company has continuously attached great importance to the e?cient utilization of energy, and has focused onoptimizing the resource structure and improving the utilization e?ciency to reduce the dependence on non-renewable resources.By introducing advanced technologies, it has accelerated the elimination and transformation of backward processes andequipment, and promoted the modernization of processes and equipment upgrades.

At the same time, the Company has taken measures such as adjusting the energy consumption structure, implementingenergy-saving innovations, and introducing renewable energy sources. It has also established a complete energy managementsystem and formulated normative documents including the energy review control procedure, energy performance parameterand benchmark control procedure, energy target and indicator and management implementation plan control procedure, energyservice and equipment procurement control procedure, as well as monitoring, measurement and analysis control procedures,and supporting professional operation instruction manuals. It has achieved remarkable results in the utilization of renewableenergy sources and the transformation of energy-saving technologies, improved the energy utilization e?ciency, and e?ectivelyenhanced the comprehensive competitiveness and economic bene?ts of the enterprise.

In order to promote the construction of the energy management system, further strengthen internal management, controlenergy indicators, and reduce production costs, Anjoy Group has specially established an energy management system team touniformly guide the energy management work of various departments of the Company:

Anjoy Group is committed to sustainable development and plans to reduce the energy consumption per unit of revenue by10% within the next 5 years. We will continuously improve energy utilization e?ciency through a variety of measures, such asoptimizing the production process, introducing advanced energy-saving technologies, strengthening energy management, andexploring the application of renewable energy sources. This goal not only re?ects our responsibility for environmental protection,but also helps the enterprise reduce costs and increase e?ciency, enhance its market competitiveness, and lay a solid foundationfor achieving green and high-quality development.

Leadership Responsibilities●Responsible for the overall promotion of the Company's energy management system (includingthe initial energy review).

●Determine the method of the initial energy review.●According to the current situation of the Company's energy management and use, review theareas and opportunities for energy improvement.

●Approve the target indicators for annual energy consumption control.●Examine and approve major energy-saving technical transformation plans.Member Responsibilities● Investigate the historical and current data of the Company's energy consumption and use.●Determine the main energy-consuming equipment according to the Company's energy usesituation.●Understand the current situation of the Company's energy management and the existingenergy management system.●Analyze the existing problems and deficiencies in the current energy management processof the Company, initially identify the main energy use areas and the influencing factors of themain energy use, and put forward the loopholes and weak links in energy management, the keyprocesses, links, technologies and methods for improvement; put forward suggestions on theadoption of new energy sources, new materials, new processes, and energy target indicators.● Prepare the Company's initial energy review report according to the review results.

Energy consumption of Anjoy Group in 2024

Energy consumption of Anjoy Group in 2024

5000

10000

15000

Electricity(10,000 kwh)Type of energy

PurchasedSteam (Ton)Natural Gas(10,000 m?)

XiamenWuxiTaizhouSichuanHenanHubeiShandongHonghuGuangdongXinliuwXinhongyeLiaoning

7879

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Saving E?ectScheme NameDistributedPhotovoltaic PowerGeneration System

Equipment Operation

Optimization

Heat Recovery Deviceof Refrigeration Unit

●Installed capacity: 1,830kW

●Power generation in 2024: 1.999 million kWh, accounting for 6.62% of the total electricity consumption ofGuangdong Anjoy●Technical characteristics: Adopt high-e?ciency photovoltaic modules to achieve the substitution of clean energy

●Linkage control of outsourced roller scales: Saving 8 kWh of electricity per single shift●Replacement of Roots blowers with magnetic levitation blowers: Saving 63,000 yuan in electricity costsannually (the power is reduced by 11kW, and the air volume e?ciency is increased by 48%)Optimization of the rack density of the defoamer: Saving 40 kWh of electricity per day on average

●Technical principle: Recover the waste heat from the heat exchange of the refrigeration system and use it toheat the tap water for production●Annual heat recovery amount: 9,200 tons (equivalent hot water)

●Application scenarios: Re-invest in the production processes that require hot water to reduce steam consumption

Cases of Renewable Energy and Energy Recovery

Ecosystem and Biodiversity Protection

All the factory locations of Anjoy Group have passed the environmental impact assessment. We fully evaluate the impactof construction projects on the ecological environment. All construction projects are designed, constructed, and equipped withcorresponding environmental protection treatment facilities in strict accordance with the requirements of the environmentalimpact assessment. In daily operations, strict sewage discharge management is formulated and implemented to reduce thethreats to biodiversity in all aspects of operations.By optimizing the spatial layout of each production base, Anjoy promotes the intensive and green development of theindustries in the regions where they are located, mitigates the impact on the surrounding environment, and strictly adheres to theecological protection red line. Through the implementation of clean production, Anjoy deeply implements the concept of circulareconomy, follows the principles of "reduction, reuse, and recycling", and takes measures such as the cascading use of waterresources and the reuse of reclaimed water to reduce water resource consumption, decrease the discharge of wastewater, improvethe comprehensive utilization rate of regional water resources, reduce the wastewater discharge from the source, and ensure theecological environmental safety of each production base and the surrounding areas.

Anjoy Group strictly complies with laws and regulations such as the Environmental Impact Assessment Law of the People'sRepublic of China, Land Administration Law of the People's Republic of China, Soil and Water Conservation Law of the People'sRepublic of China, Catalogue for the Classi?cation Management of Environmental Impact Assessment of Construction Projects,and Regulations on the Environmental Impact Assessment of Plans, as well as the environmental protection laws and regulationsof the project location. Environmental impact assessment work is carried out for new construction projects. Construction isprohibited in ecologically sensitive areas such as restricted breeding areas, prohibited breeding areas, water sources, and wetlandprotection areas to ensure the protection of biodiversity.

Through school-enterprise cooperation and basic scienti?c research, Anjoy continuously improves its formulas and activelypromotes the model of replacing part of the marine ?sh surimi with farmed freshwater ?sh surimi. Anjoy Group closely cooperateswith upstream suppliers, drives the healthy development of upstream industries with downstream demand, cultivates and leadsthe domestic freshwater silver carp industry to reduce the fishing volume of marine fish, making upstream production morerhythmic and regular, avoiding the overfishing and abuse of freshwater and marine fish resources, and playing a good role inprotecting ?sh biodiversity.

Green Supply Chain Construction

Anjoy Group actively practices the concept of sustainable procurement and is committed to building a green and responsiblesupply chain system. Through systematic measures, we promote suppliers to improve their environmental management and worksafety levels, e?ectively protect the labor rights and interests of the supply chain, and work hand in hand with our partners tocreate a compliant and respectful workplace environment.The group strictly follows international standards such as ISO 22000 and ISO 9001 and relevant laws and regulations, andhas established a complete supplier management system. By formulating institutional documents such as the Supplier QualityEvaluation and Control System and Procurement Control Procedure, we have deeply integrated supplier management into theentire life cycle of procurement, and constructed a full-process compliant management system from development, evaluation towithdrawal. This system has e?ectively promoted sustainable procurement practices and provided a strong guarantee for buildinga green and responsible supply chain.

Anjoy Group's Green Supply Chain Construction: Sustainable Innovation from theOcean to the Land

Anjoy Group takes the "ecologically friendly supply chain" as its core strategy and has achieved systematic breakthroughsin three major fields: fishery resource protection, agricultural sustainable development, and green packaging transformation.Through innovative practices in 2024, it has cumulatively reduced carbon emissions by more than 5,800 tons and established agreen value network covering the entire industrial chain.

Management of Freshwater Fish Surimi Suppliers

Continuously optimize product formulas, reduce the proportion of marine-caught fish surimi in the formulas, and shiftto farmed silver carp surimi. In 2024, marine-caught fish surimi accounted for 46.47% of the total fish surimi demand, whilefreshwater fish surimi accounted for 53.53% (fish surimi procurement accounted for 23% of the total material procurement).Freshwater ?sh surimi is farmed ?sh surimi, which is a renewable resource. It has replaced the demand for marine ?sh surimi,reducing the marine ?sh catch by approximately 27,500 tons. This reduction in marine ?sh catch has alleviated the pressure onmarine ?shing and laid a good foundation for the development of sustainable ?sheries. In the future, Anjoy Group will continueto focus on researching and developing the use of farmed silver carp surimi, reducing the marine ?sh catch and the pressure onmarine ?shing, laying a solid foundation for the development of sustainable ?sheries, and continuously and e?ectively supportingthe sustainable development of marine ?shing ?sheries.

At the same time, in 2024, Anjoy Group aims to promote the development of sustainable fisheries to ensure the currentand future supply of seafood products. 100% of the cod surimi purchased by Anjoy Group comes from ?shery farms that haveobtained the sustainable certi?cation of the Marine Stewardship Council (MSC). By leveraging the in?uence of the supply chain, itparticipates in ensuring the continuous supply of high-quality seafood products and contributes to the restoration of global ?shpopulations and the protection of the marine environment.

8081

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Management of Soy Protein SuppliersAnjoy Group requires suppliers to provide soybean IP certi?cation certi?cates. All raw soybeans used for soy protein isolateare sourced from suppliers with IP certification, and the soy protein isolate complies with GB 20371, National Food SafetyStandard - National Standard for Vegetable Proteins Used in Food Processing. In the future, Anjoy Group will further deepen itscooperation with soybean suppliers, and carry out the certi?cation and traceability work of sustainable soybeans.

%

%

%

%

%

%

%

%

%

%

%

%

%

%

2024 Group Material Procurement Amount Proportion Chart

Bearers ofIndustryResponsibilitySupplier Collaborative Development………………82Protection of Small and Medium-sizedEnterprises…87

- Surimi-based products:23%- Chicken products: 17%- Flour products: 15%- Agricultural and sidelineproducts: 6%- Food additives: 6%- Protein products: 5%- Aquatic products: 5%- Seasonings: 5%- Oils and fats: 3%- Pork products: 3%- Other frozen ingredients: 3%- Beef products: 2%- Other auxiliary raw materials: 2%- Duck products: 2%

8283

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Supplier Collaborative Development

Anjoy has always been committed to building a responsible supply chain system and effectively preventing supply chainrisks by continuously optimizing the supplier management mechanism and procurement process. We work hand in hand withour suppliers, upholding the concepts of equality and mutual bene?t and win-win cooperation, to jointly promote the sustainabledevelopment of the supply chain, and to set an example of responsibility for the industry.Supplier data:

Anjoy's suppliers include 2,227 in mainland China, 1 in Hong Kong, Macao and Taiwan, and 1 outside China.

Among them, 203 are localized sourcing, with a combined sourcing value of 497 million, which has boosted the local economyand provided opportunities for local employment of personnel.

Among them:

506 suppliers certi?ed with Quality Management System Certi?cation.

132 suppliers certi?ed with Environmental Management System Certi?cation.

27 suppliers certi?ed with Organic Green Food Certi?cation.

163 suppliers certi?ed with other certi?cations (BRC, Halal, RSPO, ASC, etc.).

762 suppliers were assessed.

Supplier Quality ManagementThe quality stability of raw and auxiliary materials is an important part of ensuring product quality. The Company hasformulated a series of documents entitled ‘Supplier Quality Evaluation and Control System’ and ‘Procurement ControlProcedures’, which put forward management requirements for suppliers in terms of the dimensions of potential suppliers‘evaluation and admission, suppliers’ risk identi?cation and auditing, suppliers‘ evaluation, and suppliers’ exclusion and so on.

Supplier Evaluation and AdmissionAnjoy conducts risk assessments for suppliers in terms of the quality of raw materials, the degree of management standardization,logistics and distribution capability, and capital management capability. The Company speci?es the risk level of food safety of suppliersin the Supplier Quality Evaluation and Control System, and takes into account the factor of corporate social responsibility ful?llment inthe process of supplier admission, and gives priority to suppliers that have passed the quality system certi?cation ISO22000/ISO9001,the environmental system certi?cation, and the occupational health management certi?cation.

Supplier Audit and Evaluation

The Purchasing Department establishes a list of quali?ed suppliers and manages to update and maintain it in a timely manner. Inthe ?rst quarter of each year, the Purchasing Department will lead the implementation of supplier evaluation, according to the annualquality management scores, integrated price factors, delivery efficiency, housekeeping and other project factors, supplier scoring,according to the annual evaluation scores to make the supplier's grade evaluation, less than 60 points are not included in the quali?edsuppliers, ≥ 60 points are included in the quali?ed suppliers, and combined with the actual supply and demand to determine thesupplier in the subsequent half-year cooperation intention.For the quality management annual board to establish the ‘quality module assessment details’, quality module score W, thequality department calculates the full 100 points system, W = Y-A-C. Supplier evaluation needs to be the quality module score W * 55%conversion and then scoring.

Table 5: The Quality Module Assessment Detailed Table

凡Any supplier with serious quality problems and the emergence of serious forgery and other malicious events, willimplement the quality of one-vote veto system, go supplier black application, the quality department report to the technicaldirector or vice president of production for approval and con?rmation, the quality of the veto power to the quality department.Unquali?ed suppliers need to continue to purchase. It is necessary to re-assess in accordance with the new supplier evaluation process.

The quality stability of raw and auxiliary materials is an important part of ensuring product quality, the Company carries out

2,227

Anjoy's suppliers includein mainland China

localized sourcing

suppliers certi?ed with QualityManagement System Certi?cationsuppliers certi?ed with EnvironmentalManagement System Certi?cation

suppliers were assessedsuppliers certi?ed with Organic GreenFood Certi?cationsuppliers certi?ed with other certi?cations (BRC, Halal, RSPO, ASC, etc.)

ombined sourcingvalue of million

Hong Kongoutside China

Quality Score WSourceStatistical MethodCalculation basisNo.

Quality ModuleW (out of 100points)

EAS interval batchscore (by single)

One vote vetoOn-site audit

Large intervalaccumulationOne vote veto

The default score for each batch of material quality is 100 points. Ifthere is a non-conforming product processing order, the warehouse QAaccording to Table 5 for the deduction of points and then enters the scorein the EAS system

Warehouse QA according to the actual situation of the evaluation, did not happen to deduct 0 points.There are occurrences according to the frequency of deductions of 1-5 points

Note: The evaluation system is in the process of continuous improvement and updating.

According to the supplier audit evaluation, audit score ≥ 90 points, no deduction; audit score of 80-90points, deduct 5 points; audit score of 70-80 points, deduct 10 points; audit score of 60-70 points, deduct15 points, <60 points, not included in the quali?ed suppliers. Recti?cation of poor cooperation, failure tocarry out recti?cation and then deduct 5 points.

Add the concept of abnormal quantity, BI automatically capturesstatisticsManual entry

Interval batch score = sumof scores per batch / totalbatch= X(1 - abnormal quantity inthe interval / total quantityof incoming goods in theinterval)In the event of a majoradverse quality event

XYZAC

million

8485

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

annual audits of suppliers and formulates the ‘Supplier Audit Procedure’, which focuses on the supplier's quality assurancecapability, production capacity, and implementation of the corporate social responsibility system to carry out the assessmentwork.The Company has uni?ed the acceptance speci?cation for raw and auxiliary materials, which stipulates the arrival date ofraw and auxiliary materials, testing items, testing frequency, testing methods, and disposition of abnormality, with the number ofspeci?c indexes and requirements higher than or equal to the national standards and industry standards.In 2024, Anjoy accepted a total of 114,866 batches of raw materials and qualified 105,589 batches, a qualification rateof 91.91%. The Company conducts self-inspection on various safety indicators of raw materials, including 23,118 batches ofveterinary drug pollutant residue testing, 6,747 batches of pesticide residue testing, 4,345 batches of heavy metal testing, and 7,682batches of food additive testing. All raw materials detected with abnormal safety indicators are required to be returned, scrappedand disposed of.

The Company's production bases carry out sensory inspections of raw materials in storage every working day, totaling 4,002inspections, of which more than 90,336 batches of raw materials were sensory and temperature inspected; food additives andcompounded ?avorings conduct self-inspection of preservatives once every six months; livestock and poultry meat are monitoredfor peroxide value once a quarter; and 3,943 batches of raw materials are sent to third-party testing organizations to conductvarious types of special tests on food safety.Dynamic Supplier SupervisionThe Company implements dynamic purchasing supervision of suppliers, and adopts the mode of audit+training+recti?cation+review to assist quali?ed suppliers to implement recti?cation in conjunction with material arrival and acceptance. Some of thesuppliers have successfully passed HACCP certi?cation through Anjing's training and counseling. At the same time, we also makeuse of our own testing capabilities to conduct testing counseling and exchanges with suppliers to enhance their self-inspectioncapabilities. Reduce the risk of contamination by pests, rodents, foreign objects and microorganisms. 1,055 people were involvedin auditing suppliers‘ work. 4,268 people were involved in training suppliers’ work.

The Company conducts a comprehensive assessment of suppliers based on their supply capacity, quality and financialliquidity to optimize the entry and exit mechanism of suppliers. According to the results of the supplier assessment, the Companywill carry out targeted measures to rectify the situation of suppliers who need to improve cooperation, so as to improve theparticipation and cooperation of suppliers and achieve the original intention of win-win cooperation.

Supplier Management Performance

Supplier Risk Management

Adhering to the principle of risk control front, Anjoy Group formulates the procedure document ‘Supplier QualityEvaluation and Control System’, which confirms the food safety risk coefficient based on the number of raw materials, thedegree of danger, and the frequency of hazards in the previous year, and formulates the ‘Risk Assessment Form for Raw andAuxiliary Ingredients and Food-Related Products’, which categorizes the suppliers into four categories: high-risk, higher-risk,medium-risk, and low-scoring risk. Risk situations and risk levels are targeted to determine whether on-site audits must beconducted for assessment, and post-supervision is executed in accordance with the requirements of procedural documents.In order to safeguard the stability of the supply chain and prevent the instability of the supply chain due to uncontrollable andnon-human factors, an emergency procurement disposal plan has been included in the Group's Procurement Control ProcedureDocument, which eliminates supply chain risks and ensures the stability of the supply chain.Supplier Risk Identi?cation

1,055

8337

2,229

100%

84.25%

45.7%

4,268people were involved inauditing suppliers

people were involved intraining suppliers

audit coveragerate of

stopped cooperating after the auditof cooperative manufacturers

did not cooperate with the preparatorynew prospective suppliers

Documentation auditing ofsuppliers in the raw and auxiliarymaterials product category

On-site field audit of atotal of suppliers

wider coverage than in 2023,the number of on-site auditsincreased by over last year

the audit pass rate was

Responsibilities/

Activities

Levelassessment

Disposal MeasuresIdenti?ed risksources

Possible riskconsequencesProcurement ofquali?ed raw andauxiliary materialsfrom quali?edsuppliers

EmergencyProcuremen

Material supplieris a single supplier,prepayment, unstable?nancial chain,complex supply chain

A single supplier of thesame material

MediumRisk

Medium

Risk

Procurement ofraw and auxiliarymaterials does notmeet productionrequirements, resultingin production stoppage

There is no targetfor selection andcomparison, and noemergency supplier incase of emergencies

Implementation of the existing provisions of themeasures: ① emergency suppliers also need to gothrough a temporary evaluation process; ② temporaryevaluation process to go through as soon as possibleafter the completion of the supplier evaluation process inaccordance with the provisions of the supplier evaluationprocess to reevaluate the supplier, including the supplier'squali?cations, raw and auxiliary materials, quality, etc.; ③according to the results of the evaluation of the supplier toassess the subsequent supply to ensure that the productquality of our company.quali?cations, raw and auxiliary materials, quality, etc.; ③according to the results of the evaluation of the supplier toassess the subsequent supply to ensure that the productquality of our company.

8687

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

EmergencyProcurement

Sample Con?rmation

Abnormal handling

Conclusion of contractsContract signing

Supplier evaluation

A single supplier of thesame material

Purchasing newmaterials withoutsample con?rmation

Unquali?ed materialarrivals

Components ofmaterials arenot covered bytesting standardsand cannotbe monitoredcomprehensively,resulting in thecontract not beingre?ected

The specialrequirements ofspecial materials andthe supplier of theprocurement contractare not re?ected

No annual evaluationof suppliers

Low risk

Low risk

Low risk

There is no targetfor selection andcomparison, and noemergency supplier incase of emergencies

Purchasing newmaterials is notapplicable, resulting inwaste

Fail to meet the qualityrequirements, a?ectingproduction and use

Driven byeconomic interests,manufacturersarbitrarily fail to addaccording to theagreed requirements,the ingredient listis not labeled, andfraud is committed bysubstitution. Loss ofcompany's interest dueto unspeci?ed specialexcipients in rawmaterials which cannotbe fully monitored

No clear requirementsfor the supplier, cannot protect the rightsand interests of theCompany

Supply can not meetthe requirements of theCompany's supplierscontinue to supply

The implementation of the existing provisions of themeasures: ① the same material with two or moresuppliers, try to avoid the situation of a single supplier;

② if an emergency situation occurs, the temporary

negotiation with the sister factory for material transferor from the brother factory suppliers to buy materials toensure normal production; ③ if the above does not holdtrue, then urgently looking for a new supplier and speedup the process of supplier evaluation.Implementation of the existing provisions of the measures:

① new materials before the arrival of quality, technology

needs to be based on the actual situation of its trial/con?rmation, retain the sample con?rmation sheet;

② procurement of the ?rst purchase of new materials

according to the actual needs of the purchase, to avoida large number of stockpiling after the phenomenon ofinappropriateness.Implementation of the existing provisions: ① According to theinspection results, coordinate with the relevant departments tocarry out risk assessment, based on the assessment results ofthe raw and auxiliary materials to accept concessions or returnprocessing;New measures: ① for frequent quality problems of the supplierrequired to submit a recti?cation report, if necessary, the supplierfor factory inspection, for the monitoring of important indicators; ②to strengthen self-inspection of raw materials sent to the inspectionproject and frequency, to reduce the risk of abnormalities in thearrival of raw materials.

Implementation of existing provisions: clearly agreeon the authenticity of ingredients and agree on thepenalties for differences in ingredients in the contract,and determine the treatment based on food fraud: claim,return or stop cooperation; New measures: conductvulnerability assessment of food fraud, select keymaterials for management and control, and strengthenthe self-inspection of raw materials to send the items forinspection and the frequency of the items, so as to reducethe risk of food fraud.

Measures to implement existing regulations: Use uniform templatesconfirmed by the Group's legal department according to therequirements for each type of material.

Implementation of the existing provisions of the measures: ① inaccordance with the ‘procurement control procedures,’ theimplementation of the annual evaluation of suppliers; ② annualevaluation of the end of the procurement needs to check whetherall suppliers in the list of quali?ed suppliers have been evaluated;

③ for the supplier did not carry out an annual reassessment of the

assessment immediately organize the relevant departments to carryout the assessment and retain the assessment record The suppliershould be reviewed by the relevant departments immediately andrecords of the review should be kept.

Supplier Integrity Management

Anjoy Group advocates a culture of clean procurement, adheres to the principles of openness, fairness and justice, andeliminates all commercial bribery. By signing a sunshine procurement agreement with suppliers, we jointly bind both employeesto ensure cleanliness and self-discipline, and create a healthy cooperative relationship. 100% of the Company's suppliershave signed the sunshine terms and conditions, and provide contact information of the Group's leadership, which ensures theimplementation and execution of the sunshine agreement in a multi-dimensional way.Protection of Small and Medium-sized EnterprisesAnjoy Foods always adheres to the concept of ‘equality and mutual bene?t, cooperation and win-win’, and attaches greatimportance to the important role of small and medium-sized enterprises (SMEs) in the supply chain. During the reporting period,SMEs accounted for 28.59% of procurement expenditure and 36.20% of procurement transactions, fully reflecting their keyposition in market vitality and innovation. The healthy development of SMEs is an important force driving the industry's progressand economic prosperity. Therefore, Anjing Food will continue to optimize its supply chain services to provide SMEs with morecompetitive procurement support, more flexible transaction methods and more efficient logistics solutions, helping SMEs toreduce costs, increase e?ciency and enhance competitiveness. Anjing Foods will always work hand in hand with SMEs to build afair, transparent and sustainable supply chain ecology and contribute to the high-quality development of the industry.

Responsibilities/

Activities

Disposal MeasuresIdenti?ed risksources

MediumRisk

Medium

Risk

MediumRisk

Levelassessment

Possible riskconsequences

8889

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Creators ofEmployeeHappinessSta? Recruitment and Employment ………………90Diverse and Equal Employment Approaches…… 92Against Child Labor and Forced Labor……………95Employee Salaries and Bene?ts……………………96Employee Bene?ts and Care ………………………101

9091

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Sta? Recruitment and EmploymentRecruitment Channels and Processes of EmployeesAnjoy mainly adopts three recruitment methods, namely social recruitment, campus recruitment, and internalrecommendation. The recruitment process includes such links as online resume submission, resume screening, initial interview,?nal interview, background check, and employment. Among them, campus recruitment is an important part of the Company'srecruitment.The Company has a complete talent cultivation and selection mechanism and is committed to providing fresh graduates withbroad development space and diversi?ed career paths. In 2024, o?ine promotional activities were carried out in more than 100

undergraduate universities across the country. The Company received more than 3,000 resumes in total, and ?nally hired morethan 800 people.

Diverse and Equal Employment ApproachesAnjoy has always adhered to an equal employment strategy and opposes discrimination based on factors such as gender,age, and disability. It places great emphasis on ensuring equal pay for equal work between men and women in aspects of salary,bene?ts, etc. Additionally, a Special Agreement on Collective Consultation of Special Rights and Interests of Female Employeeshas been signed to demonstrate care for female employees.

Against Child Labor and Forced LaborAnjoy attaches great importance to combating forced labor, formulates and improves the Employee Rights and Interests

Protection System, and clearly prohibits forced labor behaviors. It is clearly stipulated that employees' overtime work should bebased on voluntariness, and the Company does not encourage overtime work.Anjoy has always strictly complied with national regulations on the Prohibition of the Use of Child Labor. Upholding theprinciples of respecting human rights and protecting the rights and interests of minors, it strictly prohibits the use of child laborin any business links within the Company. It conducts strict inspections of employees' ID card information, and ?rmly prohibitsthe use of child labor and forced labor. All personnel information is managed through the HR software system. Rules are directlyset in the system to prevent the employment of child laborers, controlling the situation at the source. Moreover, the Companysupervises and inspects the labor employment situation. Since its establishment, the Company has not had any cases ofemploying child labor or forced labor.

MaleFemale85478509

50-60 years old

40-50 years old30-40 years old

Under 30 years old2944

57754932

3405

over 50 yearsof age

Year 2024Year 2023Year 2022

Master'sdegree andabove

between 30 and 50 years

of age

College orbelow

under 30years of age

Bachelor'sdegree

people

Education structure Disabilities Employment of People with

Gender Ratio Age structure

Number of regular employees 17,056

1370people

1054people

people

people

people

people

15454people14411people13345people

peoplepeople

peoplepeople

people

people

people

people

9293

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

and application of assessment data are realized. Adhering to the principle of balancing incentives and pressure, performancerewards and improvement measures are reasonably set to stimulate employees' enthusiasm and creativity and promote thesustainable development of the enterprise.

Employee Bene?ts and Care

Anjoy has always been wholeheartedly committed to enhancing employee bene?ts and providing comprehensive care. Inaddition to the statutory bene?ts such as social insurance and legal holidays, the Company o?ers employees a more diverse rangeof benefits. The aim is to significantly enhance employees' sense of happiness and belonging, while also boosting the overallvitality of the enterprise. The speci?c measures are as follows:

1.Dining Environment and Menu The Company continuously optimizes the dining environment and enriches the variety

of dishes. During traditional festivals like the Dragon Boat Festival and Mid-Autumn Festival, special delicacies such as zongziandtangyuan are provided for employees.

2.Commuting ConvenienceAnjoy provides free shuttle bus services and regularly optimizes the routes to e?ectively reduce

employees' commuting time, making their daily journey to and from work more convenient.

3.Care in Extreme WeatherIn summer, the Company offers refreshing cool drinks to help employees relieve the heat. In

winter, warm brown sugar ginger-jujube tea is provided to help them dispel the cold and keep warm.

4.Cultural ActivitiesThe Company regularly organizes various cultural and recreational activities. For example, fun sports

meetings are held to encourage teamwork and physical activity. During the Mid-Autumn Festival, bo-bing games are organized,and barbecue team-building events are arranged to strengthen team cohesion. On International Women's Day, female employeesreceive special gifts and are granted a half-day holiday. During the Qixi Festival, singles' parties are held to provide opportunitiesfor single employees to socialize. Moreover, pregnant female employees are entitled to additional free dishes in the Companycafeteria.

5.Health BenefitsThe Company cares about the health of female employees and provides "two-cancer" screenings.

Additionally, every month, on employees' birthdays, the Company sends them gifts and longevity noodles as a warm birthdaywish.

6.Leave System

● Marriage Leave: Employees are entitled to a 15-day paid marriage leave.

● Prenatal Check-up Leave: Pregnant female employees can enjoy 11 prenatal check-up leaves, each lasting 0.5 days.

● Maternity Leave: Female employees are eligible for 158-day maternity leave. In cases of di?cult labor or multiple births,

additional days are granted according to relevant regulations.

● Care Leave: Male employees whose spouses give birth can enjoy a 15-day paid care leave to take care of their families

during this special period.

● Parental Leave: Before the child reaches the age of 3, both the husband and wife are entitled to 10-day parental leave per

year, allowing them to spend more time with their young children.

● Nursing Leave: Female employees are entitled to one hour of breastfeeding time per day from the start of the seventh

month of pregnancy until the child reaches one year old. For female employees with multiple births, additional breastfeeding timewill be provided.

Employee Salaries and Bene?ts

The Company formulates the Salaries and Benefits System and establishes a salary system consisting of basic salary,allowances, performance salary, and overtime pay. It implements a system of setting positions, grading, and determining salariesaccording to the positions, ranks, and grades of di?erent departments. When the position is adjusted, the grade and salary arealso adjusted accordingly. Through the provisions of the assessment and salary system, a dynamic balance of being able to moveup or down is achieved, giving full play to the incentive and guiding role for employees. In addition, employees enjoy legallyprescribed benefits such as high-temperature and low-temperature subsidies, and they are entitled to annual leave. Specialprotection is provided for female employees, who can enjoyprenatal check-up leave, maternity leave, parental leave, andreceive maternity bene?ts. The Company provides employeeswith three free meals a day and free accommodation.Employees can also enjoy birthday gifts, holiday fruits, andcondolence gifts, etc.Composition of SalariesEmployees' salaries are composed of basic salary,performance salary, allowances, and overtime pay. Di?erentsalary calculation standards are formulated according todifferent job ranks. The Company's long-term incentivemeasure is equity incentive, which provides incentivesbased on employees' contributions and performance tothe enterprise. This stimulates employees' enthusiasm andcreativity, reflects their contributions, and enhances theirsense of happiness.Performance Appraisal

Each department within the Company sets its ownperformance appraisal system according to its respectivebusiness characteristics. A series of systems such as thePerformance Management System, Performance ManagementMeasures for Workshop Management Personnel, PerformanceManagement Measures for Front-line Personnel in theProduction Workshop, and Assessment Regulations forManagement Personnel have been established. Variousassessment methods such as indicator assessment, top-down and bottom-up assessment, cross-assessment, and360-degree assessment are carried out. The assessmentcontent includes performance completion, professionalability, personal qualities, etc. The assessment results arepromptly fed back to employees, and incentives are given interms of salary distribution, promotion, selection of advancedindividuals, etc. Relying on data support and using advancedinformation technology means, accurate collection, analysis,

Set Department-Speci?c Performance StandardsEach department formulates performance standards accordingto its unique needs.

Provide Feedback to EmployeesGive employees feedback on the evaluation results.

Boost Employee MotivationEnhance employees' enthusiasm and creativity throughincentive measures.

Implement Diversi?ed Evaluation MethodsAdopt multiple methods for comprehensive evaluation.

Create Management PoliciesDevelop policies to guide the performance evaluation process.

Collect and Analyze DataUse advanced technologies to collect and analyze performancedata.

Link Results with IncentivesLink evaluation results to compensation and promotion.

Organizing fun sports games regularly

Performance Management Process

9495

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Giving gifts to female employees on Women's DayRights and Interests ProtectionRules and Regulations for Managing Employees' Working Hours, Rest, and Leave

Anjoy Group always adheres to the people-oriented concept. To protect employees' rights and interests regarding rest andleave, the Company has formulated a scienti?c and comprehensive attendance and leave system. This system not only strictlycomplies with national laws and regulations but also fully takes into account employees' actual needs, ensuring that eachemployee can strike a reasonable balance between work and life. Through standardized management processes and people-oriented policy design, Anjoy provides employees with ?exible and convenient leave arrangements, enabling employees to bemore energetic at work and realizing the common growth of the enterprise and employees.

Establishment of a Trade Union

The Company's trade union plays a crucial role in enterprise management in many aspects. It formulates the Trade UnionConstitution, Trade Union Management Measures, Trade Union Responsibilities, Trade Union Funds Management, etc., aiming toclarify the responsibilities, rights, and obligations of the trade union and ensure its e?ective operation.

1.Employee Rights and Interests Protection System: It is clearly stipulated that the trade union should actively safeguard

employees' legitimate rights and interests in areas such as labor remuneration, working hours, labor safety and hygiene, rest andleave, and social insurance. For instance, through regular communication and negotiation with the Company's management,a reasonable salary growth mechanism is established to ensure that employees' income can increase reasonably with thedevelopment of the enterprise and the improvement of the economic situation.

2.Employee Democratic Management System: A system of employee representative congresses is established, specifying

procedures such as the election of representatives, the convening of meetings, the discussion of topics, and the adoption ofresolutions in the employee representative congresses. For example, employee representative congresses are held regularlyevery year, enabling employee representatives to participate in the discussion and voting on major enterprise decisions, such asenterprise development plans and salary and welfare policies.

3.Employee Education and Training System: An employee education and training plan is formulated, covering skill training,

safety training, and professional ethics education, etc. For example, according to the development needs of the enterprise andthe personal growth needs of employees, a certain proportion of employees are arranged to participate in various training courseseach year to enhance employees' comprehensive quality and professional ability.

4.Employee Cultural Activity Organization System: Speci?c arrangements for regularly organizing various cultural activities

are specified, such as art performances, sports competitions, and employee birthday parties. For example, an art activity is

organized once a month, and an employee sports meeting is held annually to enrich employees' amateur cultural life.

5.Trade Union Funds Management System: The sources, scope of use, and management methods of trade union funds are

clari?ed. For example, trade union funds are mainly used for organizing employee activities, providing employee welfare, ando?ering assistance to employees in need. The use of funds must be strictly approved in accordance with the budget and speci?edprocedures.

Process for Resolving Labor Disputes for Employees

1.Dispute Acceptance: In the event of labor disputes, employees can submit their demands to the Company or the Company's

trade union. The Company designates a speci?c department or sta? members to handle employees' dispute applications.

2.Incident Investigation: The Company conducts a preliminary assessment of the dispute situation and collects relevant

materials. It communicates with the involved employees to listen to their demands, and carries out a comprehensive and in-depthinvestigation, which includes reviewing documents and records, and interviewing relevant personnel, etc., to ensure the fairness,justice, and transparency of the investigation.

3.Propose a Solution: Based on the investigation results, the Company proposes a solution. Employees are invited for

negotiation. On the basis of equality and voluntariness, their demands are clari?ed. In accordance with laws, regulations, andother relevant rules, a mutually acceptable solution is sought, and the feasibility of the solution is discussed.

4.Negotiation and Mediation, and Formulate a Mediation Agreement: Try to reach an agreement through negotiation as much

as possible. Once both parties reach an agreement, a written mediation agreement shall be formulated.

5.Feedback and Record-keeping: The handling result is communicated to the employees, and the entire dispute-handling

process is documented for future reference.

6.Follow-up: Regularly follow up with employees to check the implementation of the agreement, listen to their opinions,

continuously improve corporate management, and prevent the recurrence of similar disputes.Employee Communication

Anjoy places a high premium on employees' opinions and suggestions, and consistently maintains two-way communicationwith its workforce. The Company is dedicated to establishing a diversi?ed, open, and user-friendly democratic communicationmechanism. By unblocking employee communication channels and promptly addressing employee feedback, Anjoy aims to fostera positive and conducive working environment.To actively seek employees' opinions, the Company has formulated the Employee Appeal System. This system is intendedto o?er employees a fair and transparent platform for voicing their concerns, enabling the Company to gain a comprehensiveunderstanding of employees' perspectives and feedback. In addition, the Company has established multiple complaint channels.These include the general manager's mailbox, trade union meetings, employee meetings, a dedicated WeChat QR code forcomplaints, and communication via the Yunzhijia instant-messaging software.Upon receiving complaints and suggestions, the Company follows a set of processing procedures, which involve reporting,verification, communication, and resolution of issues. Once a complaint is verified to be valid, the Company will handle itrigorously in accordance with relevant rules and regulations.

1,30055100%

Collected more

than 1,300

employee

opinions

response rate55 opinions werecollected in thesuggestion box/chairman's mailbox

Singles Party

9697

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

The Company, leveraging the platform of the Employee Representative Congress, effectively unblocks the channels foremployees to voice their demands. It successfully translates employees' thoughts and expectations into speci?c measures thatenable the enterprise to undertake practical actions and address issues. A democratic management system, with the EmployeeRepresentative Congress as its fundamental form, has been established. This system clearly de?nes its organizational structure,scope of authority, and working procedures. All these aspects are submitted to the Employee Representative Congress fordeliberation and adoption and are integrated into the overall management system.The Company organizes and convenes Employee Representative Congresses and employee symposiums annually. The topicsof these meetings cover a wide range, such as the revision of the Employee Handbook, the negotiation of the Collective LaborContract, and the application for special working hours, among other regulations and themes. To date, a total of over 30 employeesymposiums and Employee Representative Congresses have been held.Employee Training and DevelopmentEmployee Traininghe Company formulates an annual training plan and has constructed a comprehensive training system that integrates internaland external training resources. Each department strictly adheres to the training plan, ensuring the timely completion of varioustraining sessions with quality and quantity guaranteed. The management departments of the Company and its subsidiariesformulate talent cultivation goals and plans every year, based on the actual work requirements and job specifications. Theyalso establish a talent cultivation and reserve mechanism that combines theoretical learning and practical application. Thismechanism includes orientation training, lecture-style training, production rotation practical training, management positionprobation, and monthly sharing sessions. Currently, Anjoy has established a robust training system that combines online andoffline approaches, with support from both internal and external sources. Online, Anjoy Academy offers a series of courses,including enterprise regulations, professional ethics codes, work safety, and food safety responsibilities. Employees can accessand study these courses at any time, which provides them with continuous and targeted education and training opportunities.O?ine, the Company conducts targeted and diversi?ed training by integrating internal and external training resources, aiming to

601,000300150,000

The training programs

cover various types of

employees, including

management personnel,

front-line workers,

logistics sta?, and sales

personnel. The total

expenditure on training

amounts to 601,000 yuan

There have been over300 training courses intotal

more than150,000employeesparticipatedin trainingcontinuously enhance employees' comprehensive quality and capabilities.

The training programs cover various types of employees, including management personnel, front-line workers, logistics sta?,and sales personnel. The total expenditure on training amounts to 601,000 yuan. There have been over 300 training courses intotal, and more than 150,000 employees participated in training.

Number of people receiving career development trainin

YearMale(persons)

Total number of trainees (persons)

Female (persons)

202417,4987,47510,023

Executive TrainingOn February 27, 2024, directors Zhang Gaolu, ZhengYanan, Dai Fan, deputy general manager Huang Qingsong, andsupervisor Zhang Wei participated in the "Special Training onHigh-Quality Development of Listed Companies" held by theXiamen Listed Companies Association.On June 13, 2024, all directors, supervisors, andexecutives participated online in the "Interpretation of theNew Regulations on Share Reduction of Listed Companies"online training held by the China Listed CompaniesAssociation.

On November 28, 2024, chairman Liu Mingming andboard secretary Liang Chen participated offline, while otherdirectors, supervisors, and executives participated online inthe "Comprehensive Punishment and Prevention of FinancialFraud in Xiamen Capital Market and Special Training onMergers and Acquisitions of Listed Companies" held by theXiamen Listed Companies Association.

On November 29, 2024, all directors, supervisors, andexecutives participated in the training on "Requirements forthe Responsibilities and Core Rules of Directors of Hong Kong- Listed Companies" presented by the lawyers of Davis Polk &Wardwell in a combination of o?ine and online ways.

?On March 28, 2024, all directors, supervisors, andexecutives participated offline in the "Training Class forImproving the Quality of Listed Companies" in the Xiamen area.

9899

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

121,296

55,63265,664

279,968

160,368

119,600268,048

132,896135,152

Career development training per capita performance:

YearTotal training hours per personTraining days per person

2024162

Case of the Company's Industry Skills Competition Activities

The Company actively organizes skills competitions across various departments and workshops, including forklift operatorskills competitions, packaging machine operation monitoring competitions, and special equipment competitions. This initiativefosters a positive learning atmosphere, stimulates the enhancement of employees' skills, and propels the development of theenterprise. Among them, the Wuxi Marketing team also participated in the "Wuxi Craftsman?The 17th Wuxi Workers' VocationalSkills Competition", which was guided by the Wuxi Federation of Trade Unions, hosted by the Huishan District Federation ofTrade Unions, and undertaken by the Qianqiao Sub-district Federation of Trade Unions. In the computer application operationcompetition event, all 11 participants secured awards.

The 17th Wuxi Employee Vocational Skills Competition, Computer Application Operation Competition

Total duration oftraining

Male sta? participation

in training hours

Female sta? participation

in training hours

2022

2023

2024

Career Development Training Hours

●Mr. Zhang Qingmiao of the group was rated as a Class A high-leveltalent in Xiamen City.●Mr. Huang Jianlian of the group was rated as a Class A high-leveltalent in Xiamen City.●Mr. Liang Chen of the group was rated as a Class B high-level talentin Xiamen City.

●At the Sichuan base, Mr. Zhang Shaohua was rated as the first"Outstanding Talent of Ziyang" in Ziyang City. Ms. Tan Qifan was awardedthe title of "Meritorious Woman in Ziyang City", and Mr. Li Jiansen wasrated as an Excellent Communist Party Member in Ziyang City.●At the Shandong base, Ms. Yu Xiaojun was awarded the title of"Laoling City May 1st Labor Model".

●Lian Huizhang and Huang Lei from Wuxi Huashun established anemployee innovation studio.●At the Xiamen base, Mr. Zhang Wenhai was rated as a Class C high-level talent in Xiamen City. Mr. Chen Jiangping was awarded the honorarytitle of "National May 1st Labor Medal". Ms. Yao Yaxian was rated as aClass C high-level talent in Xiamen City, and Mr. Ding Tianwei was rated asa craftsman in Xiamen's industry.●The No. 1 Production Workshop of the Liaoning base was awardedthe honorary title of "Liaoning Workers' Pioneer".

Highlight Data of Talents

Employee Promotion

Employee Promotion Standards and Assessment DimensionsThe Company adheres to the employment principle of "those who arecapable rise, those who are average yield, and those who are mediocrefall". It has established a dual-channel promotion mechanism, namely themanagement channel and the professional talent channel. Promotions aredetermined based on employees' capabilities, job performance, and theCompany's comprehensive assessment of them.The Company organizes internal competition activities irregularlyand implements an internal job rotation system within the group. Thesemeasures provide promotion opportunities and facilitate the alignmentbetween the Company's strategies and employees' career needs. Afteremployees meet the corresponding ability requirements through trainingand assessment, they are included in the reserve talent pool. Subsequently,middle-level and grassroots job competition meetings are regularly held,allowing reserve talents to compete for positions and forming a healthypromotion mechanism.

100101

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Age Distribution of Promoted Employees

Occupational Health and Safety

The factories of Xiamen Anjoy, GuangdongAnjoy, Wuxi Anjoy, Sichuan Anjoy, TaizhouAnjoy, and Hubei Anjoy all hold the certi?catesof enterprises with the third-level work safetystandardization. In terms of the certificationof the occupational health and safetymanagement system, Wuxi Anjoy and TaizhouAnjoy possess relevant certi?cation certi?cates,demonstrating Anjoy Food's outstandingachievements in both work safety andoccupational health management.

Diversi?ed Career Development PathsThe Company o?ers employees diversi?ed career development paths, which generally encompass the following aspects:

Horizontal Development Paths

Professional Route

Employees can continuously deepentheir expertise in their specializedfields. They can progress from aprofessional level 10 to level 1 andeventually become professionalexperts.Management RouteEmployees with managementpotential and the willingness to pursuea management career can developalong the management channel.Starting as team leaders, they can bepromoted to department managers,directors, and even higher-levelmanagement positions.

Job RotationThe Company arranges for employeesto rotate among different departmentsor positions, either in the short term orlong term. This enables employees togain insights into different businessprocesses, broaden their horizons,and develop cross-departmentalcooperation and comprehensivebusiness capabilities.

Project WorkEmployees participate in variouscross-departmental and cross-disciplinary projects, assumingroles such as project members andproject team leaders. Through theseexperiences, they can accumulateproject management experienceand cross-team collaboration skills.

Training and EducationThe Company provides internal trainingcourses, online learning platforms,external training opportunities, andcollaborates with universities for degreeeducation programs. These resourceshelp employees enhance theirprofessional knowledge and skills.

Vertical Promotion PathsSelf-improvement Paths

Total number of employeespromoted

Percentage of PromotedEmployees to TotalEmployees1,1146.5%

Employee Promotions

years old and below

Aged

to

Aged

to

Aged

to

102103

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Work SafetyIn accordance with the Work Safety Law of the People's Republic of China, Anjoy hasestablished the Accident Management System and the Work-related Injury ManagementSystem. These systems are designed to standardize the accident management andreporting processes, enabling the Company to more effectively identify the root causesof incidents and prevent their recurrence. Meanwhile, the Company arranges for internalprofessional lecturers to conduct training on work safety professional knowledge, whichfurther enhances employees' awareness of work safety.Training Content：

The training content encompasses equipment safety training,job safety operation procedure training, high-altitude operation safety training, jobtransfer safety training, confined space safety training, environmental safety educationand training, ?re safety training, factory area safety training, accident safety education andtraining, electrical safety training, safety training on the use of labor protection supplies,post-shift hygiene safety training, fire source control training, labor discipline safetytraining, special equipment safety training, emergency treatment training for accidentalinjuries, comprehensive emergency plan training, employee blood pressure detectionmanagement training, occupational health training, explosion-proof electrical appliancesafety training, environmental protection laws and regulations training, handheld powertool safety training, work safety laws and regulations training, heatstroke preventionsafety training.

The number of person-times ofoccupational health training in2024

Occupationalainin

Occupational Health

Anjoy Food, together with its employees and partners, jointly complies with laws and regulations such as the Work SafetyLaw of the People's Republic of China, the Law of the People's Republic of China on the Prevention and Control of OccupationalDiseases, and the Regulations on Work-related Injury Insurance, as well as the requirements of the supervision and managementmeasures for the "simultaneous design, construction, and commissioning" of safety facilities. To ensure the safety of productionoperations, we have established a multi-faceted and all-encompassing safety management system. We initiate from aspects suchas risk identification, hazard investigation and treatment, safety risk monitoring, and safety culture promotion, and carry outsafety management work.

●

1.Inform new employees of the corresponding occupational hazard risks of their positions upon entry and have them sign an

occupational hazard noti?cation letter.

●

2.Paste occupational hazard noti?cation cards at the operation site.

●

3.Organize pre-employment, in-service, and off-post medical examinations for employees exposed to occupational hazard

factors; complete the annual declaration of occupational hazard projects in a timely manner.

●

4.Regularly commission third-party institutions to detect occupational hazard environmental factors and announce the detection

results.

●

5.Regularly maintain and service equipment and facilities related to occupational hazard factors.

●

6.Provide and distribute occupational health labor protection supplies and regularly check whether employees are wearing them

properly.

●

7.Regularly organize occupational health education and training.

●

8.Develop an information module for employee occupational health management to digitize employee occupational health ?les.

Performance of Occupational Health and Safety Management

● 1.The number of work safety accidents caused by extremely large and major equipment is zero.

●

2.The number of work safety liability accidents identi?ed by the regulatory authorities is zero.

●

3.The number of major ?re (explosion) accidents is zero.

●

4.The number of major environmental pollution accidents is zero.

●

5.When supervised and inspected by foreign-related safety regulatory authorities, the number of issues of the main

responsible department/workshop under inspection does not exceed 3 each time, and the Company has not received anyadministrative penalties. The recti?cation rate of the problems found in the inspection reaches 100% before the next inspection.

●

6.The number of acute poisoning accidents within the scope of the main responsibility is zero.

●

7.The rate of employees who are required to hold special operation and special equipment operation certi?cates for their

posts is 100%.

●

8.The rate of special operation guardians holding certi?cates is 100%.

●

9.The completion rate of special operation implementation is 100%.

●

10.The passing rate of training for work safety management personnel is 100%.

●

11.The completion rate of the three-level education for employees before their entry is 100%.

●

12.The recti?cation rate of accident hazards is 100%.

●

13.The provision rate of personal protective equipment is 100%.

●

14.The archiving rate of personnel related to occupational health is 100%.

●

15.The rate of all required pre-employment and in-service occupational health medical examinations being conducted is 100%.

104105

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Safety measures

Work Safety Management SystemAnjoy Group has established a comprehensive and systematic work safety management system that covers multiple aspects, includinggoal management, responsibility implementation, risk prevention and control, occupational health, and emergency management. This systemcomprises basic components such as work safety goal management, occupational health responsibility system, safety commitment management,

Safety MeasuresSpeci?c Contents

Safety Policies

Developed 45 occupational safety policies covering work-related injuries,operating procedures, responsibility systems, etc.Pre-employment Prevention

Clearly specified in employment contracts: occupational disease hazards,potential consequences, and health protection measures.Safety Training

Conduct regular training programs covering laws & regulations, companypolicies, risk identi?cation, and standard operating procedures.Dual-Control Mechanism

Conduct workplace and equipment risk assessments to identify potentialhazards; perform regular inspections to eliminate or control risks.Personal Protective Equipment(PPE)

Provide appropriate PPE to all employees and monitor proper usage.

Equipment Safety

Perform regular safety inspections and maintenance; promptly addressequipment hazards to ensure safe operating conditions.Emergency Response

Develop emergency plans, create drill schedules, and conduct regularemergency exercises.Safety Culture Activities

Foster a safety-first culture through awareness campaigns, recognitionprograms for outstanding safety performance, and initiatives to boostemployee engagement.

Type of accident in 2024

the Company's safetyinvestment amountedto 24,545,117 yuan

A total of 33,807 safetyeducation and trainingsessions were conducted

The total trainingduration was

the average trainingduration per personwashourshours

participants24,545,117

279,968

33,807

387,868

work safety

Occupational Health and Safety Management System FrameworkManagement ElementsManagement MeasuresDetailed MeasuresFramework ofOHS Management System

Policy & ObjectivesSafety Policy with Quanti?ed TargetsOrganizational Structure & Responsibilities

Leadership Accountability, Dedicated Safety Unit, FullEmployee ParticipationLaws, Regulations & StandardsCompliance Checklist, Internal PoliciesRisk Management& Prevention

Hazard Identi?cation & Risk AssessmentTiered Control Measures, Dynamic UpdatesHazard Investigation & Control

Routine Inspections, Closed-Loop Management,Technical SolutionsSafety Training & Culture Building

Three-Level Training ,Specialized Training, CulturalIntegrationEmergency& Incident Management

Emergency Preparedness

Contingency Plan System, Resource Stockpiling,Coordination MechanismIncident Response

Immediate Reporting, Scientific Rescue Operations,Investigation & AccountabilityRecovery & ImprovementPsychological Intervention, Systemic ImprovementPerformance Monitoring &Continuous Improvement

Performance IndicatorsProcess Metrics, Outcome MetricsAudits & ReviewsInternal Audits, Management ReviewsContinuous ImprovementPDCA Cycle, Technological InnovationSupport& Resource Assurance

Financial Investment-Technical Support-Information Transparency-6S Management-Machine Guarding & Interlock Devices-Equipment Automation-

106107

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Types and proportions of safety accidents

Types of Accidents in 2024

Other injuries: e.g. sprains, falls, frostbite,wild animal bites, nail sticks, etc.

Mechanical Injury

Vehicle-Related Injury

ScaldingFalling from Heights

Other Injuries

Struck-by Incident

Poisoning

Lifting Injury

30.5%

1.5%

.5%

8.5%

2.5%

50%

0.5%

0%

Total number of accidents

Total (Numberof Incidents)

Type of accident in 2024Notes

Object strikes17

Burns

Mechanical Injury

Poisoning1

Vehicle Injury3

Falls from heights5Lifting Injury0

Other Injuries100Dents201

Refers to injuries such as entanglement, rolling, collision, stabbing, and cuttingcaused by mechanical equipment and tools.Refers to mechanical injury accidents caused by the motor vehicles of this enterprise.Refers to personal injury accidents caused by the inertial forceof out of control objects.

Refers to mechanical injury accidents caused during lifting operations.Refers to burns caused by strong acids or alkalis splashing on the body, burnscaused by ?ames, or scalds caused by high temperature objects.Such as sprains, falls, frostbites, animal bites, nail punctures, etc.

cost extraction and utilization, and safety management of "new technologies, new processes, new materials, and new equipment". Additionally, it isrefined to cover the management of specific areas like document records, equipment and facilities, hazardous substances, and safety warning signs.Moreover, Anjoy places particular emphasis on occupational health and the prevention and control of occupational diseases. The Companyhas formulated specialized systems, such as occupational health management, employee blood pressure management, and safety managementin high-temperature weather. In terms of risk prevention and control, the Company has established a multi-level risk management and controlmechanism through systems like safety risk identification, hazard investigation and treatment, and major hazard source management. Regardingemergency management, the system encompasses emergency plans, accident management, minor injury and near-miss accident management,etc., ensuring an efficient response to emergencies.Anjoy has also innovatively introduced the employee risk classification management system based on a point system, along with the dailycontrol, weekly inspection, and monthly scheduling mechanisms for the safety risks of special equipment. These measures further enhance thelevel of refinement in safety management. Through the implementation of this series of systems, Anjoy has created a safe and healthy workingenvironment for employees and laid a solid foundation for the sustainable development of the enterprise.

In 2024, the number of days lost due to work-related injuries was 6,656,marking a 13.3% decrease compared to 2023 (excluding the data ofnewly added bases this year).6,656

13.3%

Number of Days Lost Due to Work-related Injuries

Key Components of a Comprehensive Safety Management Framework

ObjectiveManagement

Responsibility

System

RiskManagement

Training andEducation

AccidentManagementEnsure safety objectives arealigned with organizational

missions.

Define responsibilitiesto maintain safety and

health standards.

days lost due to work-related injuries

decrease comparedto 2023

Identify, assess, andmitigate potentialsafety risks.

Provide necessaryknowledge to promotesafety practices.

Effectively handle andprevent workplaceaccidents.

108109

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Builder of Societyand Rural AreasSocial Contributions………………………110Rural Revitalization…………………………112

Work Safety-related Emergency DrillsAnjoy Group has always placed work safety at the top of its priorities. Itattaches great importance to emergency drill activities and is committed tocomprehensively enhancing employees' safety awareness and emergencyresponse capabilities. The Company regularly organizes various specializeddrills, such as ?re drills, natural gas leakage emergency drills, and workshopdust explosion-proof drills, to ensure that every employee is well-versedin the emergency plans and operation procedures. By simulating real-lifescenarios, employees can quickly master essential skills such as evacuation,rescue operations, and equipment operation, effectively improving theirability to handle emergencies.In 2024, Anjoy further categorized the types of risks and formulatedtargeted drill plans, including emergency drills for fire incidents, naturalgas leakage, and workshop dust explosion prevention. Through multiplesimulations of actual events and emergency response processes, participantscan gain an in-depth and intuitive understanding of emergencies, therebyincreasing their alertness towards potential risk sources. These drills notonly enhance employees' emergency response capabilities but also providea robust guarantee for the Company's work safety. Anjoy will continueto establish a solid safety barrier with a rigorous attitude and scientificmethods to ensure the safety and health of every employee. A total of 473drills were conducted in 2024.Mental Health Counseling

Anjoy Group has always placed the physical and mental health of its employees at the forefront. It is dedicated to creatinga healthy, safe, and caring working environment for every employee. The Company regularly arranges mental health counselingsessions to help employees relieve stress and maintain a positive mindset. In addition, through a diverse range of cultural,sports, and recreational activities, health lectures, and team-building events, the Company encourages employees to achieve abetter work-life balance, improve their physical ?tness, and enhance their sense of well-being. Whether in the sweltering heatof summer or the frigid cold of winter, the Company prepares heatstroke prevention and cooling supplies or warm ginger tea foremployees, demonstrating its care with tangible actions. Anjoy ?rmly believes that the physical and mental health of employees isthe foundation of the enterprise's development. It will continue to make unremitting e?orts to safeguard the physical and mentalhealth of every employee, enabling each Anjoy employee to work with peace of mind and enjoy a ful?ling life here.

(Photo: a natural gas leakage emergency drill)

110111

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

We believe that every innovation can ignite hope, and everybit of warmth can touch people's hearts.

Entering the Community and Caring forthe Elderly and the WeakAnjoy has always adhered to the concept of "caring forsociety and giving back to society", has been passionatelyengaged in public welfare undertakings for a long time, andactively participated in activities such as bringing love tothe community and caring for the elderly living alone. Wecall on the public to jointly pay attention to the disabledgroup, provide them with job opportunities, and assist thedisabled in integrating into society and realizing their self-worth. Through practical actions, we not only bring warmthand care to the elderly and the weak in the community butalso contribute to building a harmonious society. We firmlybelieve that every bit of care can light up hope, and everybit of warmth can transmit strength. We will continue toful?ll our social responsibilities, walk hand in hand with thecommunity, and jointly create a better future.Anjoy's Sincere Heart, Love in Second-hand ClothesAnjoy has always embraced the public welfare concept of"Anjoy's Sincere Heart, Love in Second-hand Clothes" and has beenconsistently organizing loving clothes donation activity, donatingclothes to poverty-stricken regions. Each piece of clothing brimmingwith love not only brings the warmth of genuine affection to those inneed but also spreads positive energy throughout society, adding avivid touch to the vision of building a better life. Among these efforts,Xiamen Anjoy collected over 2,000 pieces of idle clothing from allemployees of the Company. Simultaneously, a meticulous garbageclassification system was established to actively foster employees'awareness of garbage classification, promote low-carbon emissionreduction, and encourage the practice of garbage sorting.Blood Transfusion, Boundless LoveCase: From 2022 to 2024, the Wuxi factory actively answeredthe call of society and organized 22 employees to take part inthe community's voluntary blood donation activity. Every blooddonation is a life-sustaining relay, and every drop of blood is amanifestation of love. Our employees have demonstrated thespirit of selfless dedication through their practical actions andhave contributed their own strength to society. We believe thatevery bit of love can ignite hope, and every drop of blood can

warm the world. We will continue to encourage and supportemployees to engage in public welfare undertakings and jointlystrive for the health and happiness of society.Protecting the Homeland and Buildingthe Future TogetherLiaoning Anjoy actively responded to the call for ecologicalprotection, took the initiative to reach out to the countyParty committee and the county government, and organizedemployees to actively participate in activities such as sandprevention and control and scientific afforestation. In theinitial stage of the activity, we claimed 500 saplings and madecontributions to the local ecological environment constructionwith practical deeds. Through thisactivity, we not only ful?lledour part in improving the local ecological environment but alsoenhanced employees' awareness of environmental protectionand their sense of social responsibility. We firmly believe thatenvironmental protection is everyone's duty. We will continueto implement the concept of green development, contribute tobuilding a beautiful China, and let every bit of greenery becomea beacon of hope for the future.

Social Contributions

Anjoy has always remained true to its original aspiration for public welfare. It meticulously spreads warmth, continuouslyexpands the scope of its public welfare activities, precisely addresses the needs of the public, and tailors special services forvulnerable groups.

Protecting Innocence and Lighting UpDreamsIn the aspect of supporting children's education, AnjoyGroup pays particular attention to left-behind children andinitiates the "Linxin Protecting the Young" action, using warmthand care to safeguard the innocence of children's childhood. Wehelped some children in Lengjia Village realize their dream ofhaving children's bicycles. We also presented new clothes andnew shoes to many children, lighting up their childhood dreams.Each gift embodies Anjoy's care and blessings for the children,and every bit of care adds warmth and hope to their growthjourney. We will continue to fulfill our social responsibilities,carefully protect every innocent heart, and let dreams shinebrightly in the embrace of love and care.Innovative Public Welfare, WarmingPeople's HeartsAnjoy has always integrated social responsibilities into itsenterprise development, actively organized volunteer serviceactivities, and jointly carried out innovative public welfareactivities with universities. For instance, the Wuxi marketingteam jointly held the "Sand 13" Challenge with XiamenUniversity and donated 100,000 yuan to the EducationDevelopment Foundation of Xiamen University to support theeducation cause and convey love and hope. These activitiesnot only showcase our care and responsibility towards societybut also inject new vitality into public welfare undertakings.

Mid-Autumn Warmth and TargetedPoverty AlleviationDuring the Mid-Autumn Festival in 2024, filled withsincere care and warmth, Anjoy Group visited the paired-uprural villages and carried out the targeted poverty alleviationpublic welfare activity titled "Thousands of EnterprisesConnect with Villages, Reunion under the Mid-Autumn Moon".Gathering together with the villagers, Anjoy shared the festivejoy and presented carefully prepared condolence gifts tofamilies in need. Through such activities, we hope not onlyto provide material support to the villagers but also to makethem feel the care and warmth of society. We ?rmly believethat every small act of kindness can converge into a ray oflight that illuminates the future of the countryside, and we arewilling to join hands with everyone to jointly write a splendidchapter of rural revitalization.

112113

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

as Yuanxiang Food and Qiliang Food to settle in the area. This not only creates a large number of job opportunities locally butalso achieves the "strengthening and supplementing of the chain" of the frozen food industry chain. This measure not onlypromotes the vigorous development of the rural economy but also brings tangible bene?ts to local residents. Anjoy demonstratesits corporate social responsibility with practical actions, helps rural characteristic industries step onto a broader stage, and turnsevery rural specialty into a source of hope for getting rich and attaining happiness.Walking with Integrity, Building the Future with Warmth Together

Anjoy Group has always adhered to the concepts of honest operation and compliance with laws and regulations. It strictlyabides by national laws and regulations and earnestly fulfills its corporate social responsibilities. The Company pays taxes inaccordance with the law, signs and performs labor contracts with all employees, and pays social insurance and housing providentfunds on time and in full, ensuring that employees' rights and interests are fully protected. In terms of salary and bene?ts, theCompany not only pays salaries on time and in full but also sets up various incentive measures such as year-end bonuses, full-attendance bonuses, seniority bonuses, and holiday allowances to comprehensively care for employees' lives. Through a soundsalary system and welfare policies, the comprehensive annual income of each grassroots employee reaches over 70,000 yuan,which is far higher than the local average level. Anjoy Group demonstrates its commitment to employees with practical actions,strives to create a better working environment and development opportunities for employees, and realizes the common growth ofthe enterprise and its employees.

Rural Revitalization

Anjoy actively responds to the national rural revitalization policy. By leveraging local characteristic resources, it has delveddeep into areas such as promoting agriculture through industrial development, rejuvenating agriculture with talent cultivation,supporting agriculture through educational initiatives, and bene?ting farmers through ecological measures. Anjoy is exploringcharacteristic and replicable rural revitalization paths, enabling farmers to share the development dividends of modernagriculture.

Assisting Agriculture through Orders, Building a Happy Road for the Countryside

Anjoy plays a leading role in driving industrial development. It signs purchase agreements with professional cooperativesto establish stable production and marketing relationships. Taking the initiative, it signs purchase cooperation agreementswith nearby professional planting cooperatives. Speci?cally, Henan Anjoy purchases over 5,800 tons of agricultural and sidelineproducts annually. This includes more than 32,000 tons of chicken, over 4,500 tons of duck, more than 1,000 tons of pork, andover 600 tons of beef each year. Additionally, it buys more than 120 tons of aquatic products and over 20,000 tons of surimiannually, with an annual purchase value of approximately 1 billion yuan. It directly and indirectly drives more than 5,000 peasanthouseholds in Anyang City and its surrounding areas to raise broilers and live pigs, helping them shake o? poverty and achieveprosperity. In 2024, Hubei Anjoy purchased a total of over 36,000 tons of agricultural and sideline raw materials, amountingto about 220 million yuan. It also purchased nearly 4,975 tons of local agricultural and sideline products each year, radiatingin?uence and driving more than 5,000 peasant households. Through targeted poverty alleviation e?orts, Anjoy makes signi?cantcontributions to rural revitalization.

In 2024, the Anjoy factory in Sichuan actively responded to the rural revitalization strategy and signed purchase agreementswith multiple agricultural cooperatives in Sichuan Province. It innovatively implemented the "contract farming" model, whiche?ectively boosts rural economic development. Through this model, Anjoy has not only opened up stable sales channels for localagricultural and sideline products but also radiated in?uence and driven approximately 6,000 peasant households to increasetheir incomes and achieve prosperity. Anjoy demonstrates its corporate social responsibility with practical actions, e?ectivelyconnecting the high-quality resources in the countryside with market demands. This not only solves the problem of agriculturalproduct sales but also brings tangible economic bene?ts to peasant households. In the future, Anjoy will continue to deepen itscooperation with rural areas, make greater contributions to rural revitalization, and ensure that every bit of hard work yields hopeand happiness

Walking Hand in Hand, Lighting up Hope with Warmth

On the occasion of the International Day of Persons with Disabilities, Guangdong Anjoy actively and voluntarily donated theCompany's products to the local government, demonstrating warmth and care through its actions. In 2024, Anjoy continued toful?ll its social responsibilities by providing 243 job positions for people with disabilities, helping them realize their self-worth.At the same time, the Company resettled 581 registered poor individuals and 23 demobilized soldiers, and provided stable jobopportunities for over 22,000 on-the-job employees. Among them, nearly 10,000 migrant workers have found new hope in life atAnjoy. Whether they are college students, landless peasants, laid-o? workers, returned migrant workers, or the surplus rural laborforce, Anjoy, with an open mindset and practical actions, builds a bridge for their employment, enabling every dream to shinebrightly

Joining Hands with the Countryside, Building a Dream of Characteristic Industries Together

The Henan factory actively responds to the call for rural revitalization and fully supports the development of ruralcharacteristic industries and local employment. It closely cooperates with the county Party committee and the countygovernment. Through investment attraction e?orts, it has successfully introduced upstream and downstream enterprises such

114115

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Appendix

ESG Key Performance…………………116Index of HKEx Indicators………………121Index of SSE Indicators………………124Reader Feedback………………………125

116117

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Governance performanceProjectUnitFY2024

Number of Shareholders' Meetings HeldTime(s)5Proposals Reviewed at Shareholders' MeetingsItems(s)34Number of Board of Directors Meetings HeldTime(s)9Proposals Reviewed by the Board of DirectorsItems(s)66Number of CommitteeMeetings Held

Strategy CommitteeTime(s)3Audit CommitteeTime(s)6Nomination CommitteeTime(s)2Remuneration & Evaluation CommitteeTime(s)3Sustainability CommitteeTime(s)1Number of Supervisory Board Meetings HeldTime(s)6Proposals Reviewed by the Supervisory BoardItems(s)42Total Board MembersPerson(s)9By Gender

FemalePerson(s)2MalePerson(s)7By Independence

Independent DirectorsPerson(s)3Non-Independent DirectorsPerson(s)6By education

PhDPerson(s)2Master’s DegreePerson(s)4Bachelor’s DegreePerson(s)3By Age Group

40-49yearsPerson(s)150-59yearsPerson(s)460-69yearsPerson(s)370-79yearsPerson(s)1

Economic Performance

ProjectUnitFY2024

Operating RevenueMillion yuan15,126.6517Net pro?t attributable to shareholders of thelisted company

Million yuan1,484.8312Basic earnings per share (EPS)Yuan5.08Taxes and surcharges paidMillion yuan1,245.0963Total assetsMillion yuan17,375.0984Shareholders' equity attributable to owners ofthe parent company

Million yuan12,952.5292Operating costsMillion yuan11,602.4943

118119

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Social Performance

ProjectUnitFY2024

Total Number of EmployeesPerson(s)17,056Employee Breakdown byGender

Female EmployeesPerson(s)8,509Male EmployeesPerson(s)8,547Full-time Employees by AgeGroup

Above 50 years oldPerson(s)2,94440-49 years oldPerson(s)5,77530-39 years oldPerson(s)4,932Under 30 years oldPerson(s)3,405Total R&D Sta?Person(s)508R&D Sta? by Age Group

Above 50 years oldPerson(s)2141-50 years oldPerson(s)4930-40 years oldPerson(s)232Under 30 years oldPerson(s)206R&D Sta? by Education Level

Master’s Degree or HigherPerson(s)125Bachelor’s DegreePerson(s)139Associate DegreePerson(s)170High School/VocationalDiploma

Person(s)29Middle School or BelowPerson(s)45Innovation Capability TrainingSession(s)25 R&D Investment AmountMillion yuan97.2137Quality-related Training

Total ParticipantsTime(s)773,295Total Training HoursHour(s)16,744.65In-house Training SessionsTime(s)192,385External Training SessionsTime(s)71

Quality-related Certi?catesof Anjoy Group

ISO22000Unit(s)7ISO9001Unit(s)6HACCPUnit(s)6China National AccreditationService

Unit(s)1ISO14001Unit(s)2ISO45001Unit(s)2ISO50001Unit(s)1BRCGSUnit(s)3FSSC22000Unit(s)6ASCCerti?cationUnit(s)1COCCerti?cationUnit(s)1Halal Certi?cationUnit(s)1Sedex (Supplier Ethical DataExchange)

Unit(s)2

Environmental performanceProjectUnitFY2024

Total Greenhouse GasEmissions

CO Emissions from Fossil FuelCombustion

tCO2 Equivalent32,075.19CO Emissions from IndustrialProduction Processes

tCO2 Equivalent207.23CO Emissions Caused by the NetPurchase of Electricity and HeatConsumption by the Enterprise

tCO2 Equivalent350,672.14CO Emissions Generated fromAnaerobic Treatment of Wastewater

tCO2 Equivalent8,575.06Carbon Dioxide Emissions GeneratedDuring the Transportation Process

tCO2 Equivalent1,202.98Refrigerant Leakage EmissionstCO2 Equivalent255,699.82Carbon Emission Intensity perUnit Revenue

tCO2 Equivalent per million

tCO2 Equivalent permillion

0.43

Total Environmental Protection InvestmentMillion5,026.68Industrial Wastewater Discharge VolumeTon3,699,242.00Industrial Wastewater Discharge Intensity Ton per million yuan2.45Industrial Waste Gas Emissions VolumeTon13.06Industrial Waste Gas Emission IntensityTon per billion yuan0.09

Total General Industrial SolidWaste

Food ResiduesTon960.69SludgeSludgeTon15,609.63Domestic WasteTon905.52Scrap MetalTon113.98Waste PlasticTon538.64Waste CardboardTon1,525.86Waste WoodTon72.39Waste Frying OilTon161.11Total Hazardous Waste DischargeTon49.9256Total Packaging Material Usage

Cardboard BoxesTon53,495.66PlasticTon433,056.96Water ResourceTotal Water ConsumptionTon5,710,000.00 Management

ConsumptionWater Consumption IntensityTon per million yuan3.77.00Total Water DischargeTon3,655,532.00Water Discharge IntensityTon per million yuan2.42.00Recycled Water Reuse VolumeTon586,385.00

Energy Consumption

Electricity10,000 kWh48,290.93Purchased SteamTon405,233.98Natural Gas10,000 m?1,489.85Total Energy ConsumptionTce112,283.73Energy Consumption Intensity per UnitProduct

Tce/Ton product 0.10Energy Consumption Intensity per UnitRevenue

Tce/10,000 yuan0.07

120121

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Index of HKEx Indicators‘Comply or Explain’ ProvisionsLocation of disclosure

Environment

A1Emissions

General disclosure: in relation to emissions,discharges to water and land, generation ofhazardous and non-hazardous wastes, etc:

(a) policies; and(b) compliance with relevant laws and regulationsthat have a material e?ect on the issuer

Clean ProductionA1.1 Types of discharges and related dischargeinformation

Clean ProductionA1.3 Total amount of hazardous waste in tonnesand, if applicable, density (e.g. per productionunit, per facility)

Clean ProductionA1.4 Total amount of non-hazardous wastegenerated (in tonnes) and (if applicable) density (ifcalculated per unit of production, per facility)

Clean ProductionA1.5 Description of emission targets set and stepstaken to meet them

Clean ProductionA1.6 Describe methods for handling hazardousand non-hazardous wastes, and describe wastereduction targets and steps taken to achieve them

Clean Production

A2Resource use

General Disclosure: Policies for the E?cient Use ofResources (including Energy, Water and Other RawMaterials)

Water ResourcesManagement、

Energy UtilizationA2.1 Total direct and/or indirect energy (e.g.,electricity, gas, or oil) consumption by type (inthousands of kilowatt-hours) and intensity (e.g.,per unit of production, per facility)

Energy UtilizationA2.2 Water consumption and intensity (e.g. perunit of production, per facility)

Water Resources ManagementA2.3 Description of energy efficiency targets setand steps taken to achieve them

Water Resources ManagementA2.4 Description of any problems that may exist inaccessing water sources, and the water e?ciencytargets set and steps taken to achieve them

Water Resources ManagementA2.5 The total amount of packaging materials usedfor finished goods (in tonnes) and, if applicable,the percentage per unit of production

Clean Production

A3Environmental andnatural resources

General disclosure: Policies to minimize theissuer's signi?cant impact on the environment andnatural resources

Green Operation、Ecosystem

and Biodiversity ProtectionA3.1 A description of the significant impacts ofbusiness activities on the environment and naturalresources and the actions taken to manage thoseimpacts

Green Operation、Climate

Change Response、Ecosystem

and Biodiversity Protection

ProjectUnitFY2024

Total Patent Applications (2024)Item(s)59Patent Applications by Type(2024)

Invention PatentsItem(s)17Utility Model PatentsItem(s)9Design PatentsItem(s)33Total Patents Granted (2024)Item(s)31Patents Granted by Type (2024)

Invention PatentsItem(s)1Utility Model PatentsItem(s)8Design PatentsItem(s)22Total Valid Patents (as of Dec 31, 2024)Item(s)369Valid Patents by Type

Invention PatentsItem(s)77Utility Model PatentsItem(s)59Design PatentsItem(s)233Total Software Copyright Applications (2024)Item(s)8Total Software Copyrights Granted (2024)Item(s)8Total Valid Software Copyrights (as of Dec 31, 2024)Item(s)14

122123

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

‘Comply or Explain’ ProvisionsReporting section

Society

B6Product Liability

General disclosure: health and safety, advertising,labeling and privacy issues, and remedies for productsand services provided:

(a) policies; and(b) compliance with relevant laws and regulations thathave a signi?cant impact on the issuer

Food Quality and SafetyB6.1 Percentage of the total number of products sold orshipped that are subject to recall for safety and healthreasons

Food Quality and SafetyB6.2 Number of complaints received about products andservices and how they were responded to

Customer ServiceB6.3 Description of practices related to the defense andprotection of intellectual property rights

Research, Development and

InnovationB6.4 Describe the quality assurance process and productrecall procedures

Food Quality and SafetyB6.5 Description of consumer data protection andprivacy policies, and related enforcement andmonitoring practices

Data Security

B7Anti-Corruption

General disclosure: in relation to the prevention ofbribery, extortion, fraud and money laundering:

(a) policies; and(b) compliance with relevant laws and regulations thathave a signi?cant impact on the issuer

Business EthicsB7.1 The number of corruption proceedings broughtagainst the issuer or its employees that have beenconcluded during the reporting period and the outcomeof those proceedings

Business EthicsB7.2 A description of the preventive measures andreporting procedures, and the methods of enforcementand monitoring thereof

Risk ControlB7.3 A description of anti-corruption training provided todirectors and employees

Employee Training and

Development

B8CommunityInvestment

General disclosure: policy on community involvementto understand the needs of the communities in which itoperates and to ensure that its business activities takeinto account the interests of the community

Social Contributions、Rural

RevitalizationB8.1 Focus areas of contribution (e.g. education,environmental issues, labor needs, health, culture,sports)

Social Contributions、Rural

RevitalizationB8.2 Focused areas of resource use (e.g., money or time)

Social Contributions、Rural

Revitalization

‘Comply or Explain’ ProvisionsReporting section

Society

B1Employment

General disclosure: in relation to pay and termination,recruitment and promotion, hours of work, leave, equalopportunities, diversity, anti-discrimination and othertreatment and bene?ts:

(a) policies; and(b) compliance with relevant laws and regulations thathave a material impact on the Issuer

Sta? Recruitment andEmployment、Employee Salaries andBene?tsB1.1 Total number of employees by gender, type ofemployment (e.g. full-time or part-time), age group andlocation

Sta? Recruitment andEmploymentB1.2 Employee turnover rate by gender, age group and region\

B2Health and Safety

General Disclosure: In relation to the provision of a safeworking environment and protection of employeesagainst occupational hazards:

(a) policies; and(b) compliance with relevant laws and regulations thathave a signi?cant impact on the issuer

Occupational Health andSafetyB2.1 Number and rate of work-related deaths in each ofthe past three years (including the reporting year)

\B2.2 Number of working days lost due to work-relatedinjuries

Occupational Health and

SafetyB2.3 Description of occupational health and safetymeasures adopted, and related enforcement andmonitoring methods

Occupational Health and

SafetyB3Development andtraining

General disclosure: Policies to enhance employees'knowledge and skills in performing their job duties.Describe training activities.

Employee Training and

DevelopmentB3.1 Percentage of employees trained by gender, typeof employment (e.g., senior management, middlemanagement)

Employee Training and

DevelopmentB3.2 Average number of hours of training completed peremployee, by gender and type of employment

Employee Training and

DevelopmentB4Labor Standards

General disclosure: in relation to the prevention of childor forced labor:

(a) policies; and(b) compliance with relevant laws and regulations thathave a signi?cant impact on the issuer

Sta? Recruitment and

EmploymentB4.1 Describe measures to review recruitment practicesto avoid child and forced labor

Sta? Recruitment and

EmploymentB4.2 Describe the steps taken to eliminate non-compliancewhen it is detected

\

B5Supply ChainManagement

General Disclosure: Policies for Managing Environmentaland Social Risks in the Supply Chain

Supplier Collaborative

DevelopmentB5.1 Number of suppliers by region

Supplier Collaborative

DevelopmentB5.2 Description of practices for engaging suppliers,number of suppliers to whom practices are enforced,and related enforcement and monitoring methods

Supplier Collaborative

DevelopmentB5.3 Description of practices for identifying environmentaland social risks at each stage of the supply chain, andrelated implementation and monitoring methods

Supplier Collaborative

DevelopmentB5.4 Description of practices to promote the use ofenvironmentally preferable products and services whenselecting suppliers, and related implementation andmonitoring methods

Supplier Collaborative

Development

124125

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Anjoy Foods Group Co., Ltd.2024 Environmental, Social andGovernance Report

Index of SSE IndicatorsEnvironmental, social and sustainable development-related governanceReporting section

Environment

Combating Climate ChangeClimate Change ResponsePollutant EmissionsClean ProductionWaste treatmentClean ProductionEcosystem and Biodiversity ConservationEcosystem and Biodiversity ProtectionEnvironmental Compliance ManagementGreen OperationEnergy UtilizationEnergy UtilizationWater UtilizationWater Resources ManagementCircular Economy

Clean Production、Green Supply ChainConstruction

Society

Rural RevitalizationRural RevitalizationSocial ContributionsSocial ContributionsInnovation DriveResearch, Development and InnovationScience and Technology EthicsResearch, Development and InnovationSupply Chain SecuritySupplier Collaborative DevelopmentEqual Treatment for SMEs

Protection of Small and Medium-sizedEnterprisesProduct and Service Security and QualityFood Quality and SafetyData Security and Customer PrivacyProtection

Data SecurityEmployees

Sta? Recruitment and Employment、

Employee Salaries and Bene?ts、

Employee Communication、

Employee Training and Development、

Occupational Health and Safety

Sustainable development-relatedgovernance

Due DiligenceRisk ControlStakeholder CommunicationStakeholder CommunicationAnti-Bribery and CorruptionBusiness EthicsAnti-Bribery and CorruptionBusiness Ethics

reading the Anjoy

Dear Reader:

Thank you very much for reading theAnjoy Foods Group Co., Ltd. 2024 Environmental, Social andGovernance Report. We are very concerned about your comments on the report. In order to promotethe enhancement and improvement of the Company's work in ESG, we would like to invite you to giveus your comments and suggestions on the report and feedback to us, so that we can continuouslyimprove the report.Mailing address:

No. 2508, Xinyang Road, Haicang District, Xiamen City, Fujian Province, China

Contact number:

0592-6884968

e-mail:

zhengquanbu@anjoyfood.com