Greatview Aseptic Packaging : 2022 Corporate Sustainability Report

Important Notice

This report is the 2022 corporate sustainability report issued by Greatview Aseptic Packaging Company Limited. This report is prepared in accordance with the Environmental, Social and Governance ("ESG") Reporting Guide (the "Guide"), as set out in Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), with reference to the Sustainability Reporting Guidelines issued by the Global Reporting Initiative (GRI) and the Guidelines on Preparation of Social Responsibility Reports (national standard GB/T 36001-2015).

Terms and Expressions

For the purpose of easy presentation, "Greatview Aseptic Packaging Company Limited" is also referred to as "Greatview", the "Group", the "Company" or "we" in this report.

Time Horizon

This report is an annual report commencing from 1 January 2022 to 31 December 2022 (the "Reporting Period"), with certain retrospective statements and data for previous years where appropriate.

Source of Data

The data used in this report are sourced from official documents and statistical reports of Greatview Aseptic Packaging Company Limited. The statistical scope of which covers all subsidiaries of the Company (this report does not include Greatview Aseptic Packaging (Italy) Co., Ltd. (紛美包裝意大利有限公司) because complete annual data is not available). The Company undertakes that there are no false representations or misleading statements in this report, and is responsible for the truthfulness, accuracy and completeness of the contents herein.

Reporting Principles

In preparing this report, the Group has observed and applied the four reporting principles of "materiality", "quantitative", "balance" and "consistency" as set out in the Guide.

Materiality: The Group carries out materiality assessment in compliance with the Guide. The work procedures include:

1. identifying relevant ESG issues, (ii) assessing the materiality of the issues, and (iii) reviewing and confirming the assessment process and results by the board (the "Board") of directors (the "Directors") of the Company.

Quantitative: This report uses quantitative methods to measure and disclose applicable key performance indicators ("KPI") in compliance with the Guide and with reference to applicable quantitative standards and practices. The standards, methodologies, assumptions and/or calculation tools used to measure the KPI in this report, as well as the source of conversion factors used, have been explained in the corresponding context, where applicable. The environmental targets are disclosed in the sections headed "Environmental Protection" and "Use of Energy Resources".

Balance: This report discloses the Group's ESG practices, performance and outcomes in an unbiased manner, so as to avoid selections, omissions or presentation formats that may inappropriately influence the report readers' decisions or judgements.

Consistency: The statistics and calculation methods of the data and KPI in this report are the same as in previous years, and a consistent method is used to calculate the future ESG data for the comparison of current year and past years data.

Availability of Report

The electronic version of this report is available at: https://greatviewpack.com/investor-relations/corporate-sustainability-report/

Tel: [phone]

Fax: [phone]

E-mail: [e-mail]

Contents

P2

Message from the CEO

P3

Company Overview

P4

Sustainable Development Strategy

P11

Pragmatism:

Pragmatism and Implementation

P25	Innovation:
Innovative Thinking

P31	Collaboration:
Coordinating and Fulfilling Our Responsibilities

Sharing:

P37 Shared Values

P48 Outlook

Appendix

P49 Social Recognition

P50 ESG Index Table

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 1

Message from the CEO

Company Overview

Message from

the CEO

Company

Overview

Sustainable

Development

Strategy

Pragmatism:

Pragmatism and Implementation

Innovation:

Innovative

Thinking

Collaboration

Coordinating

Since its foundation in 2003, Greatview Aseptic Packaging Company Limited has grown into the world's third largest integrated aseptic carton packaging solution provider for liquid food. Greatview provides cost-effective packaging materials, filling machines, spare parts and related services to manufacturers of liquid dairy products and non-carbonated soft drinks, striving to make liquid food consumption safe, accessible and appealing while respecting the environment. Greatview has become a pioneer in the industry in terms of high-quality products, cross-cultural operations, smart packaging cross-border innovation, and sustainable development.

Greatview is a public company listed on the Stock Exchange (stock code: 0468.HK) and has set up operational institutions in the People's Republic of China (the "PRC" and "China"), Germany, Switzerland and Paris. It has set up factories in the PRC, Germany and Italy and its research and development centre is in the PRC. Greatview has been recognised by customers for its continuous and stable quality and rapid production and delivery capabilities. Its service network covers over 50 countries.

and

Fulfilling Our

Responsibilities

Sharing:

Shared Values

Outlook

Appendix

Social

Recognition

ESG

Index Table

2022 is a year of steady progress amidst uncertainties. Despite challenges such as COVID-19, political tension in Ukraine, high inflation and climate change, we continue to focus on our own social value and responsibility in exploring the direction of corporate development. We are determined to continue our efforts to protect food safety and build a protective shield for our common home.

To focus on decarbonisation and environmental burden reduction, we have put forward the medium and long- term carbon reduction goal and the carbon neutrality goal in 2050 for Greatview, and continued to make progress and breakthroughs in sustainable development goals such as society, talent, environment and corporate governance. By deeply infiltrating the concept of "carbon reduction" into the Company's operations, and on top of promoting comprehensive green transformation, we implement sustainable development in all aspects of business operations such as production, operation and sales based on sustainable strategic goals and scientific evaluation standards. Our ongoing goal is to create an end-to-end green supply chain through green design, procurement, production and delivery, so as to continuously provide green innovative products for the global market.

To build a fair and safe business environment and with a responsible attitude towards stakeholders, we constantly improve the level of supply chain management, and through the construction of an

effective governance structure, the operation of risk prevention and control mechanisms, we continuously improve the governance system and governance level with strict adherence to business ethics, and the effective protection of investors' rights and interests while safeguarding sustainable development.

To fulfill responsibilities to create social value, we take the initiative to assume corporate social responsibilities. We help employees gain and grow in work, create value jointly with partners, as well as actively integrate into community construction and mobilize professional advantages, earnestly giving back to the community. While committing to reducing our environmental footprint, we are committed to providing circular economy solutions and sharing research results in the fields of food safety and green and low carbon with the society. In China, through the platform of the Committee of Paper-based Beverage Composite Packaging Recycling, we cooperated with members of the governing units to fulfill responsibilities, and achieved the utilisation rate of waste beverage paper- based composite packaging up to 33.3% together.

The resonance between sustainable development of the enterprise and care of social needs has become the core of Greatview's philosophy. Greatview will continue to fulfill its commitment of sustainable development, outline a blueprint of sustainable development jointly with more customers and partners and through persistent joint efforts, and accelerate its progress towards the beautiful vision in the new long-term strategic plan for sustainable development.

Greatview's Service Network

	Beijing, PRC		Hong Kong, PRC		Winterthur, Switzerland
	Operating Headquarter,		Operating Office		Operating Office
	Research and Development
	("R&D") Centre
	Paris, France		Liaocheng (Shandong), PRC		Hohhot (Inner Mongolia), PRC
Operating Office	Factory	Factory
	Halle (Saxony), Germany		Qingdao (Shandong), PRC		San Pietro Inco (Veneto), Italy
	Factory		Likang Factory		Factory

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Message from

the CEO

Company

Overview

Sustainable

Development

Strategy

Pragmatism:

Pragmatism and Implementation

Innovation:

Innovative

Thinking

Sustainable Development

Strategy

Sustainable development has become an essential topic	To this end, we have developed a sustainable development
across the world. As an enterprise in the packaging	strategy for Greatview to operate in a responsible manner,
industry with responsibility for food safety, we undertake	to achieve healthy and sustainable development whilst
that our business activities must in all circumstances	creating shared value for our economy, society and
meet and exceed, the public expectation, wherever we	environment. This strategy includes clear objectives,
operate, of a law-abiding and moral business.	basic principles, and the measures and approaches to
	ensure its implementation.

Our Mission

"Striving to create shared value for society and the	society and the environment, and to align its business
environment" is our sustainable development mission. It	achievements with social progress in an effort to create
requires Greatview to root itself in the mutual success of	both economic and social value.

Statement of the Board

Greatview highly values the importance of environmental, social and governance (ESG) in the long-term and stable development of our Company. The Group has established a sustainable development governance structure and improved the management of sustainable development. Under the support of the Sustainable Development Management Committee, the Board has assumed ultimate responsibilities relating to strategy, management, implementation, and reporting for the sustainable development of the Group, and has been responsible for comprehensively supervising the sustainable development of the Group.

The Board regularly listens to reports on the progress of the sustainable development goal from the Sustainable Development Management Committee. It conducts an assessment on important ESG issues at least once a year to discuss and identify ESG risks and opportunities for the Company, examines their relevance and impact on

The Group has currently established the Sustainable Development Management Committee and has authorised it to supervise and promote the implementation of various ESG issues. After obtaining the authorisation of the Board, when formulating ESG policies and strategies, the committee considers the opinions collected during communication with various stakeholders and the materiality assessment results, to determine the focus and priorities of the Group's sustainable development, and submits to the Board for approval and determination. In 2022, Greatview has identified the risks and opportunities brought by climate change to the enterprise from the aspects of entity, policy and regulation, market, technology and reputation, with the actions taken to manage them. In the future, the committee will review the progress in accordance with the Group's ESG goals, so as to monitor and improve the sustainable development accordingly.

Collaboration

Coordinating

and

Fulfilling Our

Responsibilities

Sharing:

Shared Values

Creating shared value

One mission

Three pillars

the Group's business, and takes them into consideration in the overall strategy of the Company. Through the review and revision of the Group's sustainable development policies from time to time, an effective system will be implemented, whilst stakeholders' and related parties' expectations and requirements will be fulfilled.

Outlook

Appendix

Safety Society Ecology

Pragmatism	Innovation	Collaboration	Sharing

Our business activities must in all circumstances meet, if not exceed,

the public expectation, wherever we operate, of a law-abiding and moral business.

Four principles

Commitments

Our Principles

Whether in business operations or in addressing social problems, we always follow the four basic principles of pragmatism, innovation, collaboration and sharing. These form the guideline for implementing our sustainable

development strategy, collaborating with customers, suppliers, communities and other stakeholders to jointly promote innovations in sustainable development theories and practices.

Social

Recognition

ESG

Index Table

Pragmatism

We do not over-exaggerate our achievements, nor do we cover up problems. We continually strive to find suitable solutions to environmental and societal pressures, and give our utmost to each endeavour.

Innovation

We fulfil our social responsibility with innovative thinking and technology, with continuous research and development of new materials, products and methods that are beneficial to the environment and society.

Collaboration

Greatview advocates collaboration with suppliers, communities, customers and other partners to jointly fulfil social responsibility and to create benefits.

Sharing

Creating shared value for sustainable development of society is our ultimate goal.

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Message from

the CEO

Company

Overview

Sustainable

Development

Our Approach

The Sustainable Development Management Committee is responsible for formulating sustainable development policies and objectives for the Company and supervising the implementation of sustainable development practices. The Company's chief executive officer (the "CEO") chairs the committee, the management of which comprises the heads of the production, sales, finance,

The Sustainable Development Working Group is responsible for implementing sustainable development policies and measures and following through with the Company's sustainable development vision in all respects, including quality management, human resources, marketing and investor relations. Since its establishment, the working group has kept track of the ESG policy requirements

Stakeholder Engagement

As a listed company, we place great importance on communication with stakeholders and respond to their expectations by carrying out our responsibilities to stakeholders in terms of interest, emotion and value.

Stakeholders

Demands and Expectations

Communication and Responses

Strategy

Pragmatism:

Pragmatism and Implementation

human resources and marketing departments, who participate in its decision-making processes and take charge of the sustainable development practices in their respective areas.

of the Stock Exchange, maintaining a sustainable development indicator system, and continuously improving the social responsibility and information disclosure system.

Government

Regulators

Real economic development and job creation

Tax payment according to law

Operation in compliance with laws Normative governance

Strict risk management

Legitimate operation and provision of employment opportunities Tax payment according to law

Regular reporting

Special meetings

Information submission

Innovation:

Innovative

Thinking

Collaboration

Coordinating

and

Fulfilling Our

Responsibilities

Sharing:

Board

Sustainable

Development

Management Committee

Decision-making-Board:

The Board is the highest level of decision-making on sustainability and comprises of two executive Directors, two non-executive Directors and three independent non-executive Directors. It is primarily responsible for:

• considering the Company's sustainable development strategy, goals and risk profile
• discussing and approving the recommenda- tions made by the Sustainable Development Management Committee
• supervising and making decisions on major ESG issues

Investors

Employees

Outstanding performance, consistent return and transparent operation

Rights and interests protection, compensation and benefits, good working environment and career development

Shareholders' meetings, reports, announcements and daily communication

Employee representative conferences, symposia, visits and condoles Corporate culture construction

Satisfaction surveys and customer

Shared Values

Outlook

Appendix

Social

Recognition

ESG

Index Table

Sustainable Development

Working Group

Executive Department

Execution-Sustainable Development Working Group:

The working group consists of relevant departments such as internal audit, Environment, Health and Safety (EHS), human resources, quality management, public relations, investor relations, etc. It is primarily responsible for:

• assisting the Executive Department to set ESG goals and plans
• monitoring and tracking the achievement of sustainable development goals and measures
• continuously following up on regulatory requirements, conducting ESG gap analysis and providing feedback to the Executive Department
• reporting regularly to the Sustainable Development Management Committee on progress and improvement plans

Management - Sustainable Development Management Committee:

The committee is comprised of core executives of the Company and is chaired and led by Mr. BI Hua, Jeff. It is primarily responsible for:

• overseeing climate related issues, including risks & opportunities and major ESG issues
• making recommendations to the Board, overseeing the implementation of the sustainable development strategy and coordinating the resources required
• regularly assessing the progress and performance of sustainable development and reviewing annual work plans and reports

Execution-Executive Department:

The Executive Department consists of all relevant functional departments and subsidiary plants. It is primarily responsible for:

• distributing ESG goals, setting relevant action plans for implementation of the Group's strategy
• conducting self-examinations and continuously optimising action plans to ensure the achievement of ESG goals

Customers

Partners

Environment

Media

Communities and the public

Provision of high quality and innovative products and premium and convenient services

Contract performance, procurement in good faith and on a fair basis, capacity support and sharing of experience

Ecological protection, energy conservation and emission reduction Carbon peaking and carbon neutrality goal

Punctual and transparent information disclosure

Support to community construction and participation in public welfare undertakings

interviews

Upgrades and innovations in products and services

Strict adherence to tender procedures, and improvement of procurement policy

Advocacy of environmental protection, use of sustainable raw materials and implementation of emission reduction measures

Punctual release of the Company's information through self-published media and various channels

Participation in community activities and public welfare undertakings

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