We keep improving the modern enterprise system and vigorously promote the establishment of a corporate governance structure led by the Board of Directors. Through further improvement of the review mechanism, we ensure the standardized operation of the Board of Directors and the efficient implementation of board resolutions, and effectively safeguard and protect the rights and interests of shareholders.

We integrate culture with all aspects of strategies and corporate governance and take culture management as an important measure in the management and control of corporate strategy risk, human resource risk, structure risk and institutional risk. We have created diversified cultural promotion to boost the morale of frontline employees, enhance their sense of belonging, pride and honor, and reinforce their patriotism and devotion to the Corporation.

We have refined our business approach of "Risk First" through the fierce market competition. Based on this development concept, we have established a comprehensive risk management system and made continuous efforts by focusing on the three major aspects of system-based corporate governance, internal control, risk management to ensure the high-quality development of the Corporation.

Adhering to the "zero tolerance" attitude towards corruption, we incorporate the prevention and control of integrity risks into the management of operational risks, and thoroughly integrate the integrity culture with the corporate culture. In this way, we have realized a greater supervisory pattern of "self-prevention and selfcontrol, special prevention and special control, joint prevention and joint control" and created a clean and positive environment.

We have integrated the logistics network and intelligent system to create a unique multi-mode transport characterized by "logistics leadership, intelligent empowerment, and high-level collaboration". We have also built multiple green, low-carbon, and efficient multimodal logistics lines, which can significantly reduce the energy consumption and pollutant emissions in the logistics process. And we keep strengthening the effective supply of new energy products to safeguard the national security of energy, industrial and supply chains while reducing carbon footprints.

We make comprehensive plans to build a green manufacturing system. By accelerating the transformation of traditional industries into resource-saving and environmentally friendly industrial structures and production methods, and actively integrating into green development in emerging industries, we significantly improve the green and low-carbon level of the manufacturing industry within the Corporation.

We keep exploring the optimal ways for human, buildings, cities, and the nature to coexist harmoniously. We integrate the concept of green buildings into the entire life cycle of design, construction, and operation, creating a green, ecologically friendly and livable environment.

Xiamen is a city built around its port. "Green Port" serve as a critical support for building Xiamen into a high-quality, beautiful, modern, and international city. Xiamen International Cruise Homeport Group upgrades the port infrastructure and strengthens the application of green and low-carbon technologies, thus facilitating the development of green ports.

To further promote the integration of advanced technologies such as big data and AI with the supply chain, we have established XIANGYU Digital Intelligence Services System to provide the optimal supply chain solution for customers with higher-efficient resource allocation and lower distribution costs and offer a digital supply chain solution for the manufacturing sector, contributing to the development of commodity supply chain in China.

We are committed to enhancing R&D strength and pursuing advanced techniques. The Company synthesizes resources to enhance the dual drivers of external collaboration and independent innovation, thus contributing to sustainable corporate development by technological innovation.

We vigorously promote the internationalized strategy. As a global supply chain service provider, we expand our business territory across regions and countries involved in the Belt and Road Initiative by following the development needs and pace of our core customers; and as a global commodity trader, continue to advance the business pattern of "global procurement and global distribution", providing resource guarantee to facilitate Chinese modernization.

We have always enabled our growth to contribute to the regional development. Specifically, we integrate ourselves into the development of the northeast China, continue to deepen Cross-Strait cooperation, respond to the requirements for the development of the Yangtze River Economic Belt, and promote urban renewal. We give full play to the leading role of a state-owned enterprise in these initiatives.

To thoroughly implement the strategy of rural revitalization, we actively respond to the government's planning and requirements, promote the policy of rural revitalization through industrial development and provide collaborative assistance in rural areas, thereby helping rural areas to gain a momentum for development. All our efforts are to build rural areas with thriving businesses, pleasant living environments and prosperity, thus offering people a better livelihood in the new era.

We have set up XMXYG "Red Sail Volunteer Service Team" and keep carrying out XMXYG Five "One" project. Through a variety of charitable activities, we encourage our employees to be part of the voluntary service. By sharing, cooperating and creating with stakeholders, we are able to draw up a blueprint for a better life together.

We have built a smooth path from talents acquisition, appointment, cultivation and retainment, realizing the life-cycle management of talents in the Corporation based on XMXYG Business School.

We advocate for a balance between work and life. By organizing a variety of staff clubs, and launching a diverse range of cultural and sports activities, we strive to strengthen employees' sense of belonging and cohesion.

We actively respond to employees' pursuit of a high-quality life. By continuously increasing investment in distinctive benefits for employees, optimizing and upgrading activity facilities, and creating a platform for employee care, we aim at improving their overall satisfaction.