ANTI-CORRUPTION AND BUSINESS ETHICS MANAGEMENT APPROACH Yanlord has implemented an ISO 37001-aligned management system to combat bribery, corruption, and fraud, incorporating a comprehensive set of policies and procedures to prevent unethical practices across our business operations. Our management system extends beyond ISO 37001, addressing issues related to fraud, cartels, competition, and money laundering. Elements from the Hong Kong SAR’s Independent Commission Against Corruption Framework are also integrated into our management system. The Board closely monitors internal controls, risk management, and sustainability matters, including anti-corruption and business ethics, with support from the Audit Committee (“AC”) and RMSC, aided by the Internal Audit (“IA”) Department. Regular and ad hoc internal audits are conducted across the Group, with findings reported to the AC or RMSC and subsequently to the Board. The Risk Control and Management (“RCM”) Department monitors daily business and operational processes, sharing findings with relevant management for necessary improvements. The IA Department reports key findings to the AC and/or RMSC for regular review, with the Board providing approval based on recommendations from the AC or RMSC. Immediate reporting of material findings is mandatory. In FY 2024, in light of the recommendations of the RCM and the needs of business management and control, the Group’s Hotel Division has formulated a series of policies covering procurement, marketing, and daily operations, further standardising the operating procedures and work standards of related businesses and enhancing the ability to prevent and manage compliance and integrity risks. At the subsidiary level, guidelines have been formulated to address business needs related to tender management, vendor selection, outsourcing management, and contract management. This ongoing process improves the Group’s control and supervision over the compliance, rationality and integrity of business activities. Communication of Our Ethical Business Standards Group-wide training on our Code of Business Conduct (“Business Conduct Code”) is provided during employee onboarding, covering procedures for reporting misconduct or grievances. Employees are required to acknowledge their understanding of the Business Conduct Code, which is made available on the Yanlord’s website. Additional manuals and documents are accessible on Yanlord’s intranet. Anti-corruption and bribery video training was provided to our employees as part of the annual affirmation process for the Business Conduct Code, emphasising a zero-tolerance approach to corruption and bribery. Additionally, we included the anti-corruption and bribery video in the induction process for all new employees. Furthermore, our Partnership Statement clearly outlines our expectations for fair and honest dealings, and stakeholders are encouraged to raise any concerns regarding improper conduct within the Group. Whistleblowing Mechanism Yanlord’s Whistleblowing Policy provides a clear and structured framework that allows individuals — including employees of the Group and external parties — to report any suspected improprieties confidentially, without fear of retaliation, unfair treatment, or adverse consequences. The concerns may include malpractice, irregularities, corruption, bribery, fraud, unethical or unlawful conduct, or any other form of misconduct involving the Group, its employees, or officers. The policy establishes structured procedures for lodging and handling complaints, ensuring confidentiality, and conducting thorough investigations. It covers a broad range of concerns that could significantly impact the Group, such as inaccurate financial reporting, unlawful activities, non-compliance with legal obligations, breaches of internal policies, threats to health and safety, potential harm to the Group’s financial stability or public reputation, violations of professional ethical standards, deliberate concealment of serious misconduct, breaches of internal controls, improper conduct, or intentional withholding of information related to these issues. In FY 2024, there were no whistleblowing complaints received by the Group. Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 18 Yanlord Land Group Limited Sustainability Report 2024
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