Strengthening Foundations Advancing with Discipline YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025
2 Introduction 3 About Yanlord 4 About this Report 5 2025 Sustainability Highlights 6 Awards 7 Approach to Sustainability 8 Board Statement 9 Sustainability Governance 10 Stakeholder Engagement 14 Materiality Assessment 15 Sustainable Development Goals 16 Upholding Good Governance 18 Anti-Corruption and Business Ethics 20 Compliance with Laws and Regulations 21 Caring for Our Customers 22 Quality of Products and Services 35 Customer Privacy 37 Empowering Our People 38 Employment 44 Learning and Development 47 Occupational Health and Safety 55 Preserving Our Planet 56 Climate Change 60 Green Buildings 69 Creating Shared Value for Our Society 70 Economic Performance 71 Sustainable Supply Chain 72 Local Community and Social Investment 74 GRI Content Index CONTENTS
INTRODUCTION 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 2 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025
ABOUT YANLORD OUR CORE VALUES Mission Statement Managing with benevolence and integrity, achieving perpetuity through perseverance 仁信治业 持之以恒 Corporate Philosophy Developing land with devotion, building quality accommodation with passion 善待土地 用心造好房 RMB14.369 billion in revenue RMB1.898 billion of profit before income tax RMB435 million of profit for the year RMB268 million of profit attributable to owners of the Company RMB13.972 billion of property contracted pre-sales of the Group together with its joint ventures and associates for a total gross floor area (“GFA”) of 618,512 square metres (“sqm”) RMB98.022 billion in total assets as at 31 December 2025 RMB1.463 billion of corporate income tax KEY FINANCIAL HIGHLIGHTS FOR FY 2025 Since 2003, Yanlord has been developing high-quality commercial and integrated properties for long-term investment purpose, such as shopping malls, offices, serviced apartments and hotels. Currently, Yanlord holds a portfolio of core completed investment and hotel properties across multiple cities in the PRC. In Singapore, the Group holds a high-quality investment property portfolio and hotels. These projects are generating a growing rental income and serve as long-term investments for the Group. For more details on our portfolio, please refer to Yanlord’s Annual Report for the financial year ended 31 December 2025 (“FY 2025”) (“Annual Report 2025”). Yanlord Land Group Limited (“Company” and together with its subsidiaries, “Yanlord” or “Group” or “we” or “our” or “us”) is a real estate developer focusing on developing high-end fully-fitted residential, commercial and integrated property projects in strategically selected key and high-growth cities in the People’s Republic of China (“PRC”) and Singapore. The Company has been listed on the Mainboard of the Singapore Exchange since June 2006. Building on its established track record for developing high-end residential property developments in prime locations within affluent cities of the PRC, the “Yanlord” name has become synonymous with quality, establishing itself as a premium brand within the property development industry in the PRC. Currently, Yanlord has an established presence in over 20 key high-growth cities across the six major economic regions of the PRC. In Singapore, developments of Leedon Green and Dairy Farm Residences have been completed, with another residential project, Hillock Green, currently under development. 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 3 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025
Amid an evolving economic landscape and market uncertainties, Yanlord remains dedicated to integrating sustainability into its business strategy. Yanlord is committed to fostering resilience, innovation and responsible growth, with a view to creating long-term value for a diverse range of stakeholders, including employees, customers and local communities. Yanlord is committed to strong corporate governance and environmental stewardship, with the aim of contributing to a more sustainable and inclusive future, while maximising shareholder returns. Yanlord’s Sustainability Report for FY 2025 (“Sustainability Report 2025”) provides stakeholders with a holistic and transparent account of Yanlord’s approaches, initiatives and performance in environmental, social and governance (“ESG”) and sustainability aspects. Reporting Standards The Sustainability Report 2025 is prepared with reference to the Global Reporting Initiative (“GRI”) 2021 Standards (“GRI Standards 2021”) and the sustainability reporting requirements set out in the Listing Manual of the Singapore Exchange Securities Trading Limited (“Listing Manual”). In addition, the GRI G4 Construction and Real Estate (“CRE”) Sector Disclosures and the recommendations of the Task Force on Climate-Related Financial Disclosures (“TCFD”) are included in the Sustainability Report 2025. The GRI Standards 2021 was chosen for its international recognition as a reporting framework. It encompasses a wide array of disclosures that are both suitable and relevant for Yanlord to effectively communicate its sustainability initiatives and approach to managing ESG topics to stakeholders. Yanlord has conducted an internal review of its sustainability reporting process. Yanlord has not obtained external independent assurance for the current reporting period, but will consider doing so in the future as its sustainability reporting practices mature and taking into account the requirements of the Sustainability Reporting Advisory Committee. 1 Property Development refers to ongoing property development projects. 2 Managed Properties refers to operational investment properties (including owned and managed hospitality properties). Feedback We welcome any feedback, comments or suggestions relating to this Sustainability Report 2025 or on our sustainability approach and practices. Please direct your queries to: Director of Administrative Department Mr. Wang Pu Yanlord Land Group Limited 8F No. 30, Lane 1399 Dingxiang Road Pudong Shanghai, PRC 200135 Tel : 86-21-50585333 Fax : 86-21-50585332 Email : pu.wang@yanlord.com Website : www.yanlordland.com ABOUT THIS REPORT PRC (including the Hong Kong Special Administrative Region (“Hong Kong SAR”)) • Yanlord’s main business segments i. Property Development1 ii. Managed Properties2 iii. Hotels & Serviced Apartments • Yanlord Corporate Offices Singapore • United Engineers Limited (“UEL”) i. Property-related Business ii. Non-property related Business • Yanlord Corporate Office Other Regions • UEL Reporting Scope and Period The sustainability reporting scope for FY 2025 covers: 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 4 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025
26% female executive management and supervisors Zero occupational diseases and work-related fatalities Zero incidents of non-compliance concerning health and safety impacts of products and services Continuous employee engagement through annual townhall and employee appreciation events 92% customer satisfaction score from annual customer satisfaction survey for customers in the PRC Majority-Independent Board of Directors comprises 7 directors, of whom 4 are independent non-executive directors and 3 are executive directors MSCI-ESG Rating maintained at A Zero incidents of corruption or unethical business conduct across all business operations Zero incidents of breach of Code of Business Conduct 100% anti-corruption training coverage for property business in the PRC 100% coverage of new projects on Sunshine Procurement Platform Anti-bribery and anti-corruption policy included as part of contract terms with suppliers ENVIRONMENTAL SOCIAL ECONOMIC 100% Property Under Development across the PRC and Singapore met Green Building design requirements STARRY BAY and XI TANG in Suzhou, and Yanlord Four Seasons The Park 3 in Shenzhen have attained Green Building Two-Star Certification Four Seasons Park (Phase 2) in Zhongshan and Yanlord The Great Bay (Phase 2) in Zhuhai have attained Green Building One-Star Certification Revenue of the Group RMB14.369 billion in FY 2025 2025 TOP 50 China Real Estate Developers 2025 TOP 10 China Foreign Real Estate Developers GOVERNANCE 2025 SUSTAINABILITY HIGHLIGHTS 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 5 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025
AWARDS Yanlord Land Pte. Ltd. • 2025 TOP 50 China Real Estate Developers • 2025 TOP 10 China Foreign Real Estate Developers Shanghai Yanlord Property Management Co., Ltd. • 2025 Four-star Enterprise for Shanghai’s Comprehensive Property Service Capability • 2025 Shanghai Property Management Industry AAA Enterprise in Integrity Commitment • 2025 Shanghai Property Management Industry Association Excellent Member Chengdu Yanlord Property Management Co., Ltd. • 2025 Top 100 Brands in the Property Management Industry of the 10th China International Property Management Summit Forum Cangjie Commercial Plaza, Suzhou • The Best Retail Architecture in China and the Five-star Retail Architecture in Jiangsu at the Asia Pacific Property Awards 2025-2026 • The World’s Best Commercial Architecture at the International Property Awards 2025-2026 • The Gold Award in the Commercial Street Category at the 11th CREDAWARD Real Estate Design Awards Smriti Curtilage, Suzhou • 2025 National Excellent Engineering Survey and Design Award Yanlord ParcVue • The Most Potential Hotel Group of China Hospitality Industry at the 2025 China Hospitality Brand Value Award Grand ParcVue Hotel Residence, Chengdu • Global Traveller – Selected City Hotel of the Year • Singapore Global Network – Special Sponsor • Agoda – Gold Circle Award • Trip.com – Best-Selling Hotel Award 2025 • Booking.com - Traveller Review Awards 2025 Yanlord ParcVue Hotel Residence, Nanjing • Trip.com – Most Distinctive Hotel Award 2025 InterContinental Hotel, Zhuhai • Voyage – Selected Wedding Hotel of the Year 2025 • Target – Luxury Hotel of the Year • That’s – Landmark Hotel of the Year • LUXURYTIMES – Best Scenic Hotel 2025 • Big Line Holiday – Hong Kong Travellers’ Favourite Hotel Award • Trip.com – Luxury Quality Hotel Award 2025 and Luxury Hotel Ranking 2025 Crowne Plaza Sanya Haitang Bay Resort, Sanya • InterContinental Hotels Group – Outstanding Guest Experience Award • Dianping Must-Stay List 2025 • Trip.com Reputation Ranking 2025 – Global Top 100 Family-Friendly Resort Hotels • Zhiketong – Best Partner of the Year 2025 • Voyage China Travel Awards 2025 – Readers’ Choice Hotel Yanlord Viale Hotel, Tianjin • Best Lifestyle Hotel Award – 2025 China Hotel Men Dun’er Awards • Trip.com – User Favourite Hotel of the Year 2025 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 6 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025
APPROACH TO SUSTAINABILITY 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 YANLORD LAND GROUP LIMITED 7 SUSTAINABILITY REPORT 2025
BOARD STATEMENT The Board of Directors of the Company (“Board”) is pleased to present Yanlord’s ninth Sustainability Report. Yanlord remains steadfast in its commitment to delivering high-quality products and services that respond to the evolving expectations of our customers and stakeholders. Amid continued macroeconomic volatility and structural adjustments across the real estate and hospitality sectors, sustainability remains a core strategic priority guiding our business decisions and operations. We believe that our long-standing emphasis on quality, resilience, and responsible development positions Yanlord to navigate market cycles prudently while creating long-term value for our stakeholders. The Board has overall responsibility for the Group’s sustainability strategy and reporting, and oversees the integration of sustainability considerations into the Group’s strategic direction and key business decisions. Supported by the Risk Management and Sustainability Committee (“RMSC”), the Board oversees the identification, monitoring, and management of material ESG factors. Based on the materiality review conducted in FY 2025, the existing 12 material ESG topics were reaffirmed to remain relevant to Yanlord’s business and operating environment. The outcomes of the review were presented to the RMSC and subsequently to the Board, and it was determined that no changes to the material topics were required for the reporting period. In FY 2025, the operating environment for the real estate, property management, and hospitality sectors remained challenging, with varying conditions across markets. In the PRC, the property sector continued its structural readjustment, characterised by subdued transaction volumes, cautious homebuyer sentiment, and a continued policy focus on stabilising the market and promoting high-quality urban development. Policy measures introduced by national and local authorities to support housing demand, optimise supply structures, and encourage green and sustainable development have begun to provide gradual support to the sector. Within this context, Yanlord remained disciplined in project selection, maintained high standards in design and construction quality, and focused on meeting genuine end-user demand in core cities. In Singapore, the residential property market remained resilient amid a stable macroeconomic environment, supported by prudent regulatory measures and sustained underlying housing demand. The investment property and hospitality segments experienced gradual normalisation, with performance influenced by global economic uncertainty, evolving travel patterns, and operating cost pressures. Against this backdrop, Yanlord continued to focus on operational excellence, asset quality, and customer experience across its Singapore portfolio. Across all markets, our managed properties and hospitality businesses continued to prioritise service quality, operational efficiency, and customer satisfaction. In the hospitality segment, softer consumer sentiment and heightened competition reinforced the importance of cost discipline, differentiated offerings, and service innovation. Yanlord responded by strengthening operational management, enhancing guest experience, and deepening engagement with business partners, while upholding high standards of environmental stewardship and data protection. In this Sustainability Report 2025, we have enhanced the depth and clarity of our ESG disclosures, guided by the GRI Standards 2021. The report reflects our ongoing efforts to improve transparency in areas such as sustainability governance, climate-related considerations, supply chain management, and responsible business practices. While uncertainties persist across our operating environment, the Board remains cautiously confident in the resilience of Yanlord’s long-term fundamentals. We will continue to strengthen governance, prudently manage risks, and pursue sustainable growth opportunities aligned with our strategic priorities. Looking ahead, Yanlord remains committed to advancing its sustainability journey through continuous improvement, stakeholder engagement, and responsible development, as we work towards building resilient, inclusive, and sustainable communities over the long term. 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 8
SUSTAINABILITY GOVERNANCE The four-tier sustainability governance structure begins at the top with the Board, which is ultimately responsible for the Company’s sustainability reporting. The Board maintains oversight of the business affairs and strategic direction of the Group, as well as determining the material ESG topics pertinent to the Group’s business on an annual basis. The Board is supported by the RMSC which ensures that there is an appropriate focus on sustainability by management. The RMSC oversees the ESG Management Committee, which comprises members of senior management who formulate and supervise policies and initiatives relating to Yanlord’s material ESG topics. Through the support of the ESG Task Force, specific sustainability practices are implemented across the respective departments and communicated to stakeholders. Progress updates on the Sustainability Report 2025 were presented to RMSC and the Board for their consideration and approval. The progress updates included details of the 12 material ESG topics pertinent to the Group’s business for FY 2025. Further details are set out in the sustainability governance structure on the right: SUSTAINABILITY GOVERNANCE STRUCTURE BOARD comprises 7 directors, of whom 3 are executive directors and 4 are independent non-executive directors • Ultimately responsible for ensuring that there is an appropriate focus and commitment to sustainability • Determines the ESG topics identified as material and pertinent to the business of the Group and ensures that they are appropriately monitored and managed • Bears overall responsibility for the Company’s sustainability reporting RMSC comprises 3 members, of whom the majority, including the chairman, are independent non-executive directors • Assists the Board in reviewing the Group’s risk management system and sustainability-related matters • Recommends the identified material ESG topics and the approach to sustainability reporting to the Board • Ensures ESG topics and related sustainability-matters are appropriately monitored and managed ESG MANAGEMENT COMMITTEE comprises senior management personnel • Formulates policies and implements measures relating to ESG topics • Reviews the progress and effectiveness of sustainability measures, as well as performance achieved against sustainability targets • Provides periodic sustainability updates to the RMSC ESG TASK FORCE comprises a cross-functional team • Supports the formulation and execution of sustainability practices and initiatives, and coordinates communication with stakeholders both internally and externally • Focuses on various ESG workstreams, including: - Compliance, anti-corruption, risk management and customer privacy; - Climate change - green buildings and operations; - Quality of product and services, including customer satisfaction; - Occupational health and safety; - Employment and training; and - Other sustainability-related workstreams 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 9
STAKEHOLDER ENGAGEMENT Yanlord proactively interacts with a diverse range of stakeholders to better understand their interests, needs and concerns. This proactive approach enables Yanlord to identify potential risks and opportunities, effectively guiding the formulation of appropriate follow-up actions. Yanlord leverages on a myriad of channels to proactively engage with its key stakeholders. Further elaborations on each stakeholder group are as follows: Investors Yanlord prioritises transparency and accuracy in its communication with the investment community. Multiple channels are in place to ensure timely dissemination of both financial and non-financial information, supporting investors in making informed judgements and investment decisions. In line with Yanlord’s continuous disclosure obligations, material information relevant to the Group, including information that may affect the trading price or value of the Company’s shares, is disclosed immediately and promptly. Other information, such as details of the Company’s annual general meeting and financial results announcements, is published within the stipulated timeframe. In addition, investors are also kept abreast of Yanlord’s developments through, among others, periodic analyst and investor meetings as well as other announcements and media or press releases published on the Singapore Exchange’s website and Yanlord’s corporate website. Email alert service is available for investors who wish to receive notifications of announcements published by the Company. Business Partners Yanlord believes that long-standing and healthy business relationships are both impactful and mutually beneficial, contributing to economic and ESG outcomes. The Group maintains both online and offline engagement channels, including dialogue sessions, meetings, conferences and forums, to ensure timely communication with business partners and alignment of expectations. Suppliers Yanlord collaborates closely, and maintains long-lasting business relationships, with suppliers who adhere to regulatory requirements and environmental, health and safety (“EHS”) standards. All suppliers are required to conduct regular EHS risk assessments. In FY 2025, Yanlord continued to organise seminars, as well as peer-sharing sessions and ongoing vendor evaluations. These measures were taken to align expectations and foster cooperative business relationships. Employees Yanlord values its employees at all levels and cares for their wellness, as well as personal and professional development. The Group is committed to creating and maintaining a conducive, safe and healthy working environment, while ensuring that the remuneration packages offered to its employees are fair and appropriate. Through a structured performance appraisal system and taking into consideration corporate performance as well as relevant budget in line with the Group’s business plans, the Group ensures that its employees’ remuneration packages are commensurate with their roles, responsibilities and performance as well as the appropriateness and reasonableness of such remuneration packages, while balancing the Group’s long-term sustainability and growth. In FY 2025, the Group conducted its usual performance reviews and launched special training courses to help employees adapt to market changes and development. The company intranet remains an important channel for communication between the Group and its employees. Ongoing support for employees is provided through discussion meetings, a counselling service and channels for handling complaints. 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 10
Customers (Residents, Tenants, Guests And Visitors) Yanlord is committed to maintaining the highest standards of products and services delivered to its customers and conducts regular satisfaction surveys, leveraging its integrated customer and call centres to proactively gather feedback. The Group provides multiple channels for customers to give feedback, such as through the Customer Relationship Management data platform, the customer service hotline and third-party partner platforms where customers can rate and give feedback. All feedback is systematically collected and reviewed on a regular basis, enabling Yanlord to enhance its services. Each business unit continues to monitor customer satisfaction, and in FY 2025, customer satisfaction levels for sales services have increased significantly. STAKEHOLDER ENGAGEMENT Local Communities Yanlord operates and grows in a socially responsible manner through efficient use and allocation of resources, with universal design in its properties to maximise spaces for a safe and healthy lifestyle. Yanlord actively engages in various Corporate Social Responsibility (“CSR”) initiatives, including collaborations with charities and non-governmental organisations for community developments. Philanthropic donations, in monetary and in-kinds, are made to organisations focused on alleviating poverty, and promoting education and health. In FY 2025, Yanlord sponsored various community activities across its managed properties. The “Road to Brightness 2.0” charity project has continued to help more patients receive effective treatment. Media Yanlord maintains both online and offline engagement channels, including but not limited to annual reports, project launch functions, media or press releases and interviews, to ensure transparent and timely communication of information relating to the Group, such as information on business operations and performance as well as corporate and business updates, which are also made available publicly. Regulators Yanlord is committed to regulatory compliance and is subscribed to industry update meetings, policy awareness briefings, news releases by government authorities and participation in workshops/seminars on topics relating to the new (including changes of) policies or measures in order to keep abreast of new rules and regulations development. 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 11
STAKEHOLDER ENGAGEMENT Key Stakeholder Groups Key Concerns/ Interests Raised by Stakeholder Group Yanlord’s Response Modes of Engagement Frequency of Engagement Investors • Yanlord’s growth strategy and market outlook • Business operations and performance • Maximise shareholder returns, maintain good corporate governance for continued business success • Transparent and timely communication of both financial and non-financial information Annual General Meeting, Annual Report and Sustainability Report Annually Financial results announcements and briefings Half-yearly Analyst and investor meetings Ongoing Announcements and media releases Ongoing Presentations As appropriate Corporate website Ongoing Business Partners • Longstanding and healthy business relationships which are impactful and beneficial in relation to the economic and ESG aspects • Transparent and timely communication with business partners • Align expectations between both parties through regular engagement Dialogue sessions, town halls, and forums Ongoing Announcements, media releases, and interviews Ongoing Presentations As appropriate Suppliers • Cooperative and long-lasting business relationships • Adherence to regulations and EHS • Align expectations between both parties through regular reviews • Risk assessments EHS assessment Annually Seminars and peer sharing Quarterly Vendor evaluation Annually Employees • Conducive, safe and healthy working environment • Competitive salary rates, fair remuneration, compensation and benefits • Training and development opportunities • Talent retention and career advancement • Employee wellness • Provide performance appraisal system to review development of employees • Identify potential staff for career advancement opportunities • Provide work and non-work related workshops and learning opportunities to improve both skill sets and employee well-being • Gather feedback to identify areas for improvement and rationale for departure Employee performance review Annually Dialogue sessions, town hall meetings, and forums Ongoing News bulletin and announcements via Company intranet Ongoing Employee assistance programme Ongoing Employee grievance handling channel Ongoing Employee volunteering platform Ongoing Training and development programmes Ongoing Exit Interview As appropriate 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 12
STAKEHOLDER ENGAGEMENT Key Stakeholder Groups Key Concerns/ Interests Raised by Stakeholder Group Yanlord’s Response Modes of Engagement Frequency of Engagement Customers • Customer satisfaction • Quality of Yanlord’s services and property assets • Maintain highest standards of product and services delivered • Increase value added to customers • Timely response and prompt follow-up actions taken to address customers' feedback • Closely monitor property assets through frequent inspections and conduct regular maintenance and repair works Customer satisfaction surveys Annually Tenant satisfaction surveys Annually Tenant engagement/ networking events Quarterly Integrated customer and call centre Ongoing Show suites feedback Ongoing Campaigns and programs Ongoing Welcome parties As appropriate Healthy Workplace Ecosystem Ongoing Local Communities • Yanlord’s support towards the local community • Safe and healthy spaces • Responsible use of resources • Operate and grow the business in a socially responsible manner through efficient use and allocation of resources • Support initiatives that focus on corporate giving through implementing CSR practices • Universal design for homes and offices Collaborations with charities and non-profit organisations for community development Ongoing Monetary and in-kind donations or supports Ongoing Media • Business operations and performance • Sustainability initiatives of Yanlord • Transparent and timely communication of both financial and non-financial information Annual Report and Sustainability Report Annually Project launch functions As appropriate Announcements, media releases, and interviews As appropriate Regulators • Corporate governance • Compliance with laws and regulations • Ensure regulatory compliance • Closely monitoring new (including changes of) policies or measures introduced by relevant government authorities or departments to keep abreast of new rules and regulations Industry update meetings, policy awareness briefings, news releases by government authorities and participation in workshops/seminars on topics relating to the new (including changes of) policies or measures Ongoing 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 13
MATERIALITY ASSESSMENT CATEGORIES AND GRI STANDARDS OF YANLORD MATERIAL ESG TOPICS A comprehensive understanding of stakeholders’ concerns and the issues that matter most to them is essential for the effective prioritisation of ESG topics by Yanlord. Yanlord regularly engages with key stakeholders and monitors the evolving business environment. This enables the Company to assess the continued relevance of its material ESG topics on an annual basis. Following the review in FY 2025, Yanlord’s existing material ESG topics remain relevant to the Group’s business. The results of this review have been presented to the RMSC and the Board for their consideration and approval. Low Importance to Internal Stakeholders High Low Importance to External Stakeholders High ESG topics which are not selected for reporting have been omitted from the materiality matrix 12 9 10 5 6 7 4 8 3 2 11 1 No. ESG Category Material Topics GRI Topic Standards Boundary of Impact 1 Governance Anti-Corruption and Business Ethics GRI 205 Within and outside Yanlord 2 Governance Compliance with Laws and Regulations GRI 2 Within Yanlord 3 Social Quality of Products and Services GRI 416 Within and outside Yanlord 4 Social Customer Privacy GRI 418 Within and outside Yanlord 5 Social Learning and Development GRI 404 Within Yanlord 6 Social Employment GRI 401, 405 Within Yanlord 7 Social Sustainable Supply Chain GRI 308, 414 Within and outside Yanlord 8 Social Occupational Health and Safety GRI 403 Within and outside Yanlord 9 Environmental Climate Change GRI 302, 305 Within and outside Yanlord 10 Environmental Green Buildings GRI G4 – CRE 8, GRI 303, 306 Within and outside Yanlord 11 Economic Economic Performance GRI 201 Within and outside Yanlord 12 Social Local Community and Social Investment GRI 413 Outside Yanlord 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 14
SUSTAINABLE DEVELOPMENT GOALS In 2015, the United Nations General Assembly announced 17 Sustainable Development Goals (“UN SDGs”) to address global challenges across social, environmental, governance and economic aspects. These 17 goals and 169 sub-targets serve to guide nations in adopting the UN SDGs with the aim of achieving them by 2030. Since 2020, Yanlord has aligned its sustainability efforts with the UN SDGs, and has consistently mapped its material ESG topics to nine (9) UN SDGs, as summarised in the table below: UN SDGs Corresponding Material ESG Topics Goal 3 Ensure healthy lives and promote well-being for all at all ages • Green Buildings • Occupational Health and Safety Goal 7 Ensure access to affordable, reliable, sustainable and modern energy for all • Climate Change Goal 8 Promote inclusive and sustainable economic growth, employment and decent work for all (promote safe and secure working environments) • Economic Performance • Employment • Learning and Development • Occupational Health and Safety Goal 9 Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation • Economic Performance • Quality of Products and Services • Sustainable Supply Chain Goal 10 Reduce inequality within and among countries • Employment • Sustainable Supply Chain UN SDGs Corresponding Material ESG Topics Goal 11 Make cities and human settlements inclusive, safe, resilient and sustainable • Green Buildings Goal 12 Ensure sustainable consumption and production patterns • Green Buildings • Climate Change • Sustainable Supply Chain Goal 13 Take urgent action to combat climate change and its impacts • Climate Change Goal 16 Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels • Anti-Corruption and Business Ethics • Compliance with Laws and Regulations • Customer Privacy 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 15
UPHOLDING GOOD GOVERNANCE 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 16
The Board and management believe that sound corporate governance is fundamental to the integrity and sustainability of the Group’s business and performance. The Group’s corporate governance practices with reference to the principles and provisions set out in the Code of Corporate Governance issued by the Monetary Authority of Singapore dated 6 August 2018, as last amended on 11 January 2023, and the complementary Practice Guidance dated 14 December 2023 can be found in the “Corporate Governance” section of the Annual Report 2025, which is also made available on Yanlord’s website at http://www.yanlordland.com/corporate-governance/. Yanlord’s corporate governance structure is outlined on the right: BOARD OF DIRECTORS Total 7 Directors 4 Independent Non-Executive Directors (including Lead Independent Director) 3 Non-Independent Executive Directors Lead Independent Director Hee Theng Fong Key Role Oversees the business affairs and dictates the strategic direction and management of the Company as well as ensures that obligations to the Shareholders and other stakeholders are met CHAIRMAN AND CHIEF EXECUTIVE OFFICER Zhong Sheng Jian Key Role Leads the Board to ensure its effectiveness on all aspects of its roles and provides close oversight, guidance and leadership to Management EXECUTIVE DEPUTY CHAIRMAN Zhong Ming Key Role Oversees the execution of the Group’s overall strategies and its business operations and management AUDIT COMMITTEE RISK MANAGEMENT AND SUSTAINABILITY COMMITTEE NOMINATING COMMITTEE REMUNERATION COMMITTEE Chairman Teo Ser Luck 4 Independent Non-Executive Directors Key Role Assists the Board in discharging its responsibilities on matters relating to financial, accounting, auditing and internal controls and ensures that Management establishes and maintains an effective control environment within the Group Chairman Chua Taik Him 2 Independent Non-Executive Directors 1 Non-Independent Executive Director Key Role Assists the Board in ensuring the adequacy and effectiveness of risk management system of the Group as well as the appropriateness of the monitoring and management of sustainability matters including determining environmental, social and governance topics identified as material and relevant to the Group’s business and overseeing the Company’s approach to sustainability reporting Chairman Tan Chin Siong 3 Independent Non-Executive Directors 1 Non-Independent Executive Director Key Role Reviews and recommends to the Board on directors’ appointments and re-appointments, renewal of the Board or various Board Committees, succession plans for directors, the Chairman and CEO and other key management personnel and training and professional development programmes for directors, and formulates objective performance criteria and process for assessment of the effectiveness of the Board and each Board Committee as well as contribution by the Chairman and each individual director to the Board, while ensuring an appropriate level of independence and adequate diversity on the Board Chairman Hee Theng Fong 4 Independent Non-Executive Directors Key Role Reviews and recommends to the Board an appropriate framework of remuneration for the Board and key management personnel and specific remuneration package for each director and key management personnel that are proportionate to the sustained performance and value creation of the Group, while taking into account the strategic objectives of the Group RISK CONTROL AND MANAGEMENT DEPARTMENT EXTERNAL AUDITORS INTERNAL AUDIT DEPARTMENT GROUP STRATEGIC COMMITTEE Comprising four professional management sub-committees, namely, Investment Management Committee, Operational Management Committee, Financial Management Committee and Remuneration Committee, each of which is made up of top executives of business and support units Key Role Manages business operation activities and ensures adequacy and effectiveness of control procedures ESG TASK FORCE Comprising cross-functional team Key Role Supports the formulation and execution of practices and initiatives, as well as coordinates the communication with stakeholders both internally and externally, on various environmental, social and governance workstreams ESG MANAGEMENT COMMITTEE Head Zhang Hao Ning, Executive Vice President Members Designated senior management personnel Key Role Supports the Risk Management and Sustainability Committee in the aspect of sustainability, including formulating and supervising policies and implementing measures relating to sustainability issues as well as reviewing progress of sustainability plans and performance of sustainability targets 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 17
ANTI-CORRUPTION AND BUSINESS ETHICS Management Approach Yanlord remains firmly committed to upholding the highest standards of integrity, transparency, and ethical conduct across all its business operations. The Group has implemented a comprehensive anti-corruption and integrity management framework aligned with the principles of ISO 37001, incorporating robust policies, procedures, and internal controls to prevent bribery, corruption, and fraudulent activities. This framework extends beyond ISO 37001 requirements to address broader compliance risks, including fraud, cartel behaviour, competition law risks, and money laundering. Elements of the Independent Commission Against Corruption framework of the Hong Kong SAR are also integrated into the Group’s governance practices. Oversight of anti-corruption and business ethics is anchored at the Board level. The Board, supported by the Audit Committee (“AC”) and RMSC, oversees the effectiveness of the Group’s internal controls, risk management systems, and integrity-related matters. The Internal Audit (“IA”) Department conducts regular and ad hoc audits across the Group to assess compliance with relevant policies and regulatory requirements. Audit findings are reported to the AC or RMSC and, where appropriate, escalated to the Board, with material issues identified to be reported promptly. The Risk Control and Management (“RCM”) Department plays an active role in monitoring daily business and operational processes. Findings from RCM reviews are communicated to relevant management to facilitate timely corrective actions and continuous improvement. The IA Department consolidates and reports key observations and recommendations to the AC and/or RMSC for review, with significant matters submitted to the Board for approval or direction. Immediate reporting mechanisms are in place to ensure swift response to any material integrity or compliance issues. At the operational level, Yanlord continues to refine and enhance its policies and procedures to strengthen compliance and integrity risk management across business segments. These frameworks support consistent standards in procurement, tender management, vendor selection, outsourcing arrangements, and contract administration. Through clear accountability structures and standardised operating procedures, the Group reinforces a culture of ethical conduct and strengthens its ability to prevent, detect, and respond to integrity-related risks across all subsidiaries and business units. COMMUNICATION OF OUR ETHICAL BUSINESS STANDARDS Yanlord places strong emphasis on fostering a culture of integrity and ethical conduct across all levels of the organisation. The Group communicates its ethical standards through a combination of policies, training programmes, and internal communication channels designed to ensure that employees fully understand their responsibilities and the expected standards of behaviour. Group-wide training on our Code of Business Conduct (“Business Conduct Code”) is conducted as part of the employee onboarding process. This training covers key ethical principles, expected standards of conduct, and procedures for raising concerns or reporting suspected misconduct. Employees are required to formally acknowledge their understanding of and compliance with the Business Conduct Code, which is publicly available on Yanlord’s corporate website. Supplementary manuals and internal guidelines are also accessible via the Group’s intranet for ongoing reference. Beyond employees, Yanlord also communicates its expectations for ethical conduct to external stakeholders. The Group’s Partnership Statement articulates standards of fair and honest dealing, and business partners are encouraged to raise concerns relating to improper or unethical conduct. Through these measures, Yanlord seeks to promote a shared commitment to integrity and responsible business practices across its value chain. 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 SUSTAINABILITY REPORT 2025 18
WHISTLEBLOWING MECHANISM Yanlord has established a formal and transparent whistleblowing framework to provide employees and external parties with a safe and confidential channel to report suspected misconduct. The Group’s Whistleblowing Policy sets out clear procedures for the reporting, assessment, and investigation of concerns, while safeguarding whistleblowers against retaliation, discrimination, or adverse treatment. The whistleblowing mechanism allows reports to be made in relation to a wide range of issues, including malpractice, irregularities, corruption, bribery, fraud, unethical or unlawful conduct, and other misconduct involving the Group, its employees, or officers. It also covers matters with potential implications for the Group’s financial integrity, regulatory compliance, health and safety, internal controls, professional conduct, or public reputation. All reports received are handled with due care and confidentiality. Complaints are reviewed by authorised personnel within the IA function and recorded in the Complaints Register. Where allegations are substantiated or warrant further examination, the IA function reports the findings to the AC. The AC determines the appropriate course of action in the best interests of the Group, which may include further investigation, engagement of relevant management or third parties, and the implementation of remedial or disciplinary measures. Upon completion of investigations, a formal report is submitted to the AC for review. The AC provides guidance and authorisation for subsequent actions, ensuring that identified issues are addressed in a timely and appropriate manner. Throughout the process, Yanlord seeks to protect the confidentiality of whistleblowers, except where disclosure is required under limited circumstances as stipulated in the Whistleblowing Policy. In FY 2025, no whistleblowing complaints were received by the Group. ANTI-CORRUPTION AND BUSINESS ETHICS Target and Performance Perpetual Target FY 2025 Performance Zero incidents of corruption and unethical business conduct in all our business operations Achieved Zero incidents of breach of the Business Conduct Code Achieved Raising Concerns • Reporting of incidents or concerns can be raised via email or mail to the authorised person of our IA in Hong Kong SAR. • To facilitate investigation, the whistleblower should provide specific and factual information whenever possible. • Every effort will be made to protect the complainant’s identity and shall be kept strictly confidential, except under limited circumstances as set out in the Whistleblowing Policy where disclosure of the information is necessary. Review and Investigation • All cases received are reviewed by the authorised person of our IA and the details of the cases are recorded in the Complaints Register. Where cases are confirmed, the IA will report to the AC accordingly. • The AC decides on the appropriate actions in the best interests of the Group which can include conducting further investigation and involving IA and/ or relevant key management staff (or engaging such third parties) to take such action as it deems appropriate. Outcome of Review • Following the investigation, a formal report will be submitted to AC. • The AC shall review the report and advise and authorise the relevant personnel (or third-parties) to take the appropriate actions in respect of the investigated incident (if applicable) such as to take remedial action. PROCEDURES RELATING TO WHISTLEBLOWING 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 19
COMPLIANCE WITH LAWS AND REGULATIONS Management Approach Yanlord is committed to conducting its business in full compliance with all applicable laws, regulations, and regulatory requirements in the jurisdictions where it operates. Upholding regulatory compliance is fundamental to the Group’s corporate governance framework and is essential to maintaining stakeholder trust, safeguarding the Group’s reputation, and supporting sustainable long‑term business operations. Given the diverse nature of the Group’s operations across the PRC, Singapore and other regions, Yanlord closely monitors regulatory requirements in areas such as construction and building standards, labour and employment practices, workplace health and safety, data protection and privacy, and environmental protection. The Group recognises that non‑compliance may result in significant legal, financial, and reputational consequences, and therefore places strong emphasis on proactive compliance management. Responsibility for monitoring compliance is embedded across the Group’s business functions, with relevant departments tracking regulatory developments and assessing the potential impact of new or amended laws and regulations on business operations. Where necessary, internal policies, procedures, and operational practices are updated to reflect regulatory changes. Material regulatory developments and compliance matters are escalated to senior management and, where appropriate, reported to the Board to ensure timely awareness and oversight. The Group’s IA Department plays a key role in providing assurance over compliance practices. Regular compliance assessments and internal audits are conducted to evaluate adherence to applicable laws, regulations, and internal policies. Audit findings are reported to the AC and the Board on a quarterly basis, to the RMSC annually, or immediately in the event of material issues, enabling prompt corrective actions where required. To reinforce a strong compliance culture, Yanlord provides targeted training and awareness programmes to ensure employees remain informed of relevant legal and regulatory requirements and understand their compliance responsibilities. This ongoing focus on compliance education supports consistent implementation of regulatory controls across the Group and helps embed compliance considerations into day‑to‑day business activities. Target and Performance Perpetual Target FY 2025 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 YANLORD LAND GROUP LIMITED SUSTAINABILITY REPORT 2025 20
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