BOARD STATEMENT The Board of Directors of the Company (“Board”) is pleased to present Yanlord’s eighth Sustainability Report. Yanlord remains committed to delivering high-quality products and services that meet the evolving expectations of its customers. In an increasingly competitive and rapidly transforming real estate market, we believe that our commitment to excellence, innovation, and sustainability distinguishes us and drives our long-term success. Sustainability remains a core strategic priority, guiding our operations and ensuring that we create lasting value for our stakeholders across our business. Yanlord’s sustainability governance structure led by the Board, which oversees key business affairs and strategic directions of the Group, with an appropriate focus on sustainability. The Board, supported by the Risk Management and Sustainability Committee (“RMSC”) , ensures the appropriateness of the monitoring and the management of environmental, social and governance (“ESG”) topics which are material and relevant to our business as well as the Company’s approach towards sustainability reporting. Based on the materiality review carried out in FY 2024, the existing 12 material topics remain relevant to our business. Results of the review were presented to the RMSC and the Board for review and subsequently, it was determined that the 12 material ESG topics continue to be pertinent to the Group’s business for FY 2024. In 2024, the PRC’s real estate sector remained under pressure, while the industry continued its transition toward a more demand-driven and sustainability-oriented model. National and local authorities have implemented targeted measures to stabilise the market, promote high-quality urban development, and address the residents’ housing needs. Amid this challenging yet transformative environment, Yanlord remained fully compliant with regulatory requirements, prioritised quality, and customer experience, and consistently delivered premium residential developments. Our unwavering commitment to excellence has enabled us to sustain customer satisfaction levels above the industry average. In this Sustainability Report 2024, we further enhanced our ESG disclosures, reflecting our ongoing efforts to improve transparency and stakeholder communication. Guided by the GRI Standards 2021, we have expanded our reporting on climate resilience, supply chain sustainability, and responsible corporate governance. These enhancements reflect our determination to integrate sustainability across all levels of our operations and address stakeholder concerns in a meaningful way. While we acknowledge the progress made, we remain mindful of the continued need for innovation and collaboration in our sustainability journey. Looking ahead, we will stay steadfast in our commitment to sustainability goals, take proactive steps to manage environmental and social risks, and work closely with our partners and communities to build a more resilient, inclusive, and sustainable future. 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 8 Yanlord Land Group Limited Sustainability Report 2024
RkJQdWJsaXNoZXIy NTkwNzg=