COMPLIANCE WITH LAWS AND REGULATIONS MANAGEMENT APPROACH Yanlord remains committed to upholding the highest standards of ethical conduct and corporate governance, ensuring full compliance with all applicable laws and regulatory requirements across the diverse markets in which we operate. We recognise that responsible and ethical business practices are fundamental to building trust, fostering strong stakeholder relationships, and securing long-term success. Our goal is to achieve full regulatory compliance in all business dealings, thereby safeguarding operational continuity and strengthening our risk management framework. Non-compliance can lead to severe consequences, including reputational damage and substantial financial penalties, highlighting the critical importance of adhering to regulatory standards. In key markets such as the PRC (including Hong Kong SAR) and Singapore, we have identified relevant laws and regulations governing building standards, labour practices, workplace health and safety, data privacy, and environmental protection. To ensure ongoing compliance, various business functions within the Group actively monitor legal and regulatory updates, integrating relevant changes into our internal procedures as necessary. Any significant regulatory developments are communicated to the Board and relevant stakeholders, where appropriate. Additionally, our IA Department conducts regular assessments to verify compliance, with findings reported to the AC and Board on a quarterly basis, to the RMSC annually, or immediately when material findings arise. To reinforce our compliance culture, we provide targeted training programs that equip employees with the knowledge necessary to stay informed about regulatory changes and adhere to best practices. This proactive approach ensures that our workforce is well-prepared to integrate compliance measures seamlessly into Yanlord’s daily operations. Target and Performance Perpetual Target FY 2024 Performance No significant fines or non-monetary sanctions have been incurred for non-compliance related to laws and regulations, encompassing environmental and socioeconomic compliance Achieved 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 20 Yanlord Land Group Limited Sustainability Report 2024
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