Tingyi Cayman Islands : Master Kong 2022 Sustainability Report

CONTENTS

01 STATEMENT BY CHAIRMAN OF THE COMPANY AND THE SUSTAINABLE DEVELOPMENT COMMITTEE

03 STATEMENT BY CEO AND VICE CHAIRMAN OF THE SUSTAINABLE DEVELOPMENT COMMITTEE

04 DESCRIPTION OF THE REPORT

05 ABOUT MASTER KONG

06 Corporate Governance

07 Commitment to Good Quality

08 Brand Promotion

09 Green Operation

10 Employee Care

11 Giving back to the Society

13

ENHANCING THE SUSTAINABLE DEVELOPMENT PROCESS AND ENJOYING “LIFE + DELICACY”

15 Sustainable Development Concept

16 ESG Governance Structure and Actions

17 Supporting the United Nations Sustainable Goals and Initiatives

21 Sustainable Development Actions and Performance

26 Stakeholder Communication and Key Issues

Materiality Assessment

29

TOPIC: “LIFE + DELICACY” TOWARDS COEXISTANCE WITH THE NATURE

31 Our Reduction Goals and “Lightweight” Efforts

33 Promoting Waste Packaging Material Recycling

35 Launching the Plastic Reduction Initiative Together

37

FROM PEACE OF MIND TO NUTRITION AND HEALTH, ENJOY “LIFE + DELICACY”

39 Food Safety Control and Construction

42 Health and Nutrition Product Development and

Expansion

43 Spread Health Concept

45

BUILDING AN HONEST AND HEALTHY COOPERATION RELATIONSHIP TO CREATE “LIFE + DELICACY” TOGETHER

46 Customer Services

46 Information Security and Cybersecurity

47 Advertising and Intellectual Property Management

49 Supplier ESG Management

51 Anti-corruption and Ethics Management

53 Brand Breakthrough

55

GREEN AND HEALTHY GUARDIANSHIP FOR SUSTAINABILITY, A CLEAN WAY TO ENJOY “LIFE + DELICACY”

57 Setting Environmental Management Targets

59 Energy and Water Conservation Management

61 Emission and Carbon Reduction Management

62 Digital Production Management

63 Responding to Climate Change

65 Sustainable Sourcing of Raw Materials

67 Environmental Key Performance Indicators

69

CREATE AN EXCELLENT WORKPLACE AND SHARE “LIFE + DELICACY”

71 Deeply Develop Human Resources and Create an Excellent Workplace

73 Promote Staff Growth and Development, Create a Smart Workplace

75 Safeguard Employee Health and Safety to Create a Secured Workplace

77 Build a Corporate Culture and Create a Better Workplace

79 Human Key Performance Indicators

81

SERVE THE SOCIETY, CREATE VALUE AND ENJOY “LIFE + DELICACY” TOGETHER

83 Food Safety Science Popularization

85 Education on Water

87 Sports Charity Events

89 Focus on Social Care

90 Benefiting the “Agriculture, Rural Areas and Farmers”

91 School-Enterprise Cooperation

92 APPENDIX 1: SOCIAL RECOGNITION AND AWARDS IN 2022

93 APPENDIX 2: INDEX TABLE OF GRI STANDARDS

101 APPENDIX 3: TEN PRINCIPLES OF THE UN GLOBAL COMPACT

• APPENDIX 4: INDEX TABLE OF ISO 26000:103

GUIDANCE ON SOCIAL RESPONSIBILITY (2010)

DESCRIPTION OF

THE REPORT

Tingyi (Cayman Islands) Holding Corp. (“Tingyi”, “Master Kong”,”the Group”, “the Company” or “us”) refers to “the Global Reporting Initiative (GRI) sustainable development reporting Standards (GRI Standards)” and”the International Organization for Standardization (ISO) “ISO 26000: Guidance on Social Responsibility Guide (2010)”, comprehensively sort out the management status of its own sustainable development, and took the initiative to evaluate the sustainable development issues concerned by major internal and external major stakeholders, and reviewed, evaluated and reported the progress of its corporate sustainable development work in 2022 based on the company’s development strategy. For information regarding the governance section, please refer to the Corporate Governance Report as incorporated in Tingyi Holdings Co., LTD. 2022 Annual Report.

This report underpins Master Kong’s actions to implement the Sustainable Development Goals (SDGs) of the United Nations as the main line, presenting Master Kong’s sustained efforts and achievements in the field of sustainable development. As a leading company in China’s food and beverage industry, Master Kong shoulders the mission of “Promoting Chinese Food & Beverage Culture”, adheres to the vision of “Being the Most Respected Food

• Beverage Company”, and upholds the sustainable development concept of “Keep Our Nature Green” when staying closely with stakeholders and actively fulfilling social responsibilities. We deeply understand the impact of our operations to different elements of economy, environment and society, and the importance of “sustainable development is good development”. We continue to explore and improve our performance in sustainable development. The Company dedicates to sharing corporate values with stakeholders, enhancing social welfare and enjoying “Life + Delicacy” with them.

REPORT SCOPE:

Organizational Scope of the Report: the main office areas and regular operating plants of Tingyi (Cayman Islands) Holding Corp. in China, with no significant changes from the previous year.

Time Frame of the Report: From 1 January 2022 to 31 December 2022. For the sake of the completeness of the report, it also covers some relevant contents occurred in 2023.

REPORTING STANDARDS FOR PREPARATION:

This report mainly refers to the Sustainable Reporting Standards of the Global Reporting Initiative (“GRI Standards”) and ISO 26000: Guidance on Social Responsibility (2010) of the International Organisation for Standardisation (“ISO 26000”).

FORMS OF REPORT

DISTRIBUTION:

This report is published in both printed and electronic forms. Electronic reports can be found on our website www.masterkong.com.cn.

If you have any comments on our sustainability performance and this report, please send an email to sustainability@masterkong.com.cn. This report is published in both Chinese and English versions. In case of any inconsistency between the two versions, the Chinese version shall prevail.

We expect to introduce and demonstrate our true performance and achievements in sustainable development to all sectors of the society through the preparation and release of this report and highlight our contribution to the society in this field.

ABOUT

MASTER KONG

Tingyi (Cayman Islands) Holding Corp. is principally engaged in the production and distribution of instant noodles and beverages in the People’s Republic of China (“PRC”). It was listed on the Main Board of the Stock Exchange of Hong Kong in February 1996, with its headquarters in Shanghai, China. The Company’s market capitalization as of 31 December 2022 was USD 10 billion. The Company is a constituent stock of Morgan Stanley Capital International (“MSCI”) China Index and Hang Seng Index. Being a leading brand in the fast-moving consumer goods industry, Master Kong holds the industry responsibility of food safety and quality guarantee. Through constantly building and improving management system, establishing risk prevention management system and implementing robust control over food safety, Master Kong makes extensive efforts to ensure product quality and safety, and provide consumers with safe, tasty and healthy products.

In the future, the Group will still lay its focus on the production and distribution of food and beverages, keep close connection with stakeholders and actively fulfill social responsibilities with the original aspiration of “Promoting Chinese Food & Beverage Culture”, the purpose of “Serving Consumers”, and the sustainable development concept of “Keep Our Nature Green”.

KEEP OUR NATURE GREEN