Sustainability

ENVIRONMENT COMPLIANCE MANAGEMENT

COOEC implements firmly the requirements related to the Law on Environmental Protection, overall plans and practices green low-carbon development strategy, breaks up low-carbon environmental target indicators, and complies the Five-year Implementation Plan of Eco-environmental Protection of COOCE, controlling the total quantity of pollutant and reducing the emission, ensuring the pollutant emission reaching the standard and environmental protection entity responsibility implementation, and realizing the normalized management of environmental risks, and taking effective prevention and control measures for environmental risks. In 2024, the Company and the affiliated branches and subsidiaries didn’ t violate laws or regulations in the environmental field.

GOVERNANCE

COOEC has established a standardized and clear corporate governance structure and formed a scientific and effective mechanism of division of duties and checks and balances in accordance with laws and regulations such as the Company Law, the Securities Law, the Code on Governance of Listed Companies and the Rules for the Listing of Stocks on the Shanghai Stock Exchange, and followed the requirements of the China Securities Regulatory Commission, the Shanghai Stock Exchange and other regulatory bodies. The general meeting enjoys the powers stipulated in laws and regulations and the Articles of Association of COOEC, and exercises the right to make decisions on major matters such as COOEC’s operation policy, fund raising, investment and profit distribution in accordance with the law; the Board of Directors is responsible to the general meeting, and exercises the right to implement the resolutions of the general meeting and the right to make business decisions within the scope of regulations in accordance with the law; the management is responsible for organizing and implementing the resolutions of the general meeting and the board of directors and presiding over the daily operation and management of COOEC.

SOCIAL

Adhering to the “people-oriented philosophy” , COOEC strictly complies with the requirements of Labor Law, Labor Contract Law and relevant policies and regulations, as well the elimination of discrimination in respect of employment and occupation and other international conventions approved by Chinese government. The Company has formulated and implemented the Employment and Recruitment Management Measures, Management Measures for Overseas Employees and other regulations and rules to enhance the prevention and control of employment risks, ensuring that recruitment and employment management are conducted in compliance with laws and regulations.

The Company strictly adheres to the national Provisions on the Prohibition of Using Child Labor and legal requirements for prohibition of using child labor in the countries and regions of the business, firmly prohibiting the recruitment and use of child labor. During the reporting period, no cases of child labor were found to exist. In strict accordance with the labor regulations, the Company also abides by local regulations regarding labor remuneration, working hours, rest and vacation, and mandated benefits, prohibiting forced labor. During the reporting period, no cases of forced labor were found to exist.