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
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