Greatview Aseptic Packaging : 2023 Corporate Sustainability Report

Important Notice

This report is the 2023 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 C2 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 2023 to 31 December 2023 (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. 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 ("KPIs") 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 KPIs 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 KPIs 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]

P2

P3

P5

P17

P31

P37

P48

P49

P50

Contents

Message from the CEO

Company Overview

Strategy and Governance

Zero Carbon Future

Innovation Empowers

Harmonious Ecology

Outlook

Appendix

Social Recognition

ESG Index Table

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 1

Message from the CEO

Company Overview

Message from

the CEO

Company

Overview

Strategy and Governance

Zero Carbon

Future

Innovation Empowers

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) and has set up operational institutions in the People's Republic of China (the "PRC" or "China"), Germany, Switzerland and France. 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.

Harmonious

Ecology

Outlook

Appendix

Social

Recognition

ESG

Index Table

In 2023, against the backdrop of constantly changing macroeconomic environments and ongoing global geopolitical turmoil in the post-pandemic era, and amidst a new equilibrium between global sustainable development and economic growth, Greatview continued to drive its green development initiatives and actively advanced towards its set carbon neutrality goals by embracing a win-win philosophy with stakeholders, with a firm commitment to environmental protection at its core and consumer health and safety as its central focus.

Excellence in governance, achieving a win-win with the industry. We have strengthened our ESG strategy, continually enhancing our governance level, and fully committing to the path of sustainable development. We have successfully established an efficient risk management and internal control system, not only increasing operational transparency but also enhancing overall accountability. We always adhere to laws and regulations, firmly uphold business ethics, and oppose all forms of corruption and unfair competition. We work closely with our upstream and downstream partners, striving to create a fair and honest market environment, and we do our utmost to protect the rights and interests of investors.

Green operations, coexisting with nature. We integrate the concept of sustainable development throughout the entire lifecycle of our products, adhering to the use of sustainable materials, optimising production processes, reducing energy consumption, minimising waste generation, and actively promoting the recycling and resource utilisation of post-consumer packaging. We have launched aluminum-free packaging products, utilising a new barrier layer to replace aluminum foil, significantly reducing the carbon footprint of our products. We continue to advocate for the use of materials such as wood pulp board and paperboard certified by forest management systems, aiming to protect forest biodiversity while also reducing carbon emissions from raw materials.

* for identification purposes only

In 2023, as a member of the Committee of Paper- based Beverage Composite Packaging Recycling, we actively fulfilled our extended producer responsibility, cooperating with members of the governing units to achieve the utilisation rate of waste beverage paper- based composite packaging up to 36.8%, marking a year- on-year increase of 3.5%. Additionally, Greatview became one of the first batch of pilot units for performance evaluation of extended producer responsibility for beverage paper-based composite packaging, receiving a 5A rating from the China Quality Certification Centre.

Harmonious communities, co-building with society. Our commitment to sustainable development is integrated into our corporate culture of honesty, integrity, and diligence. We are dedicated to creating an equal, diverse, healthy, and safe working environment for our employees, providing them with a broad platform to meet their growth and development needs. At the same time, we actively participate in community co- building, achieving a fusion of corporate business value and social value. In 2023, in collaboration with teachers and students from the Central Academy of Fine Arts, we transformed 38,186 discarded paper boxes into artistic creations for the enjoyment and leisure of Shenzhen citizens, calling for more consumers to focus on the ecological environment. We launched milk carton recycling activities themed by "Small Hands in Big Hands, Happy Collection of 'Cartons'"* (小手拉大手， 快樂集 「盒」), enhancing students' awareness of environmental protection and guiding them to properly sort waste, while encouraging more parents to participate in the practice of a low-carbon circular economy.

We are convinced that sustainable development is

1. long-termprocess that requires continuous effort and relentless pursuit. Only through persistent and diligent action can we truly practice responsibility and accountability, creating more lasting, profound, and valuable outcomes for our customers, employees, investors, and all stakeholders within the ecosystem. In our future development, we will adopt a more open mindset and take more proactive steps to implement the ESG principles, contributing Greatview's strength towards achieving sustainable development goals.

	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	Padova (Veneto), Italy
Factory	Likang Factory	Factory

2 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 3

Message from

the CEO

Company

Overview

Strategy and Governance

Zero Carbon

Future

Innovation Empowers

Harmonious

Ecology

Outlook

Appendix

Social

Recognition

ESG

Index Table

Strategy and Governance

Strategy and Governance

As an enterprise in the packaging industry with responsibility for food safety, we undertake that our business activities must in all circumstances meet and exceed, the public expectation, wherever we operate, of a law-abiding and moral business. Under the guidance of Greatview's sustainable development policies and goals, the Sustainable Development Working Group, as a practitioner and promoter, implements the Company's sustainable development vision in all respects, including quality management, human resources, marketing and investor relations, and implements them in actual operation to facilitate innovation in sustainable development vision and practice.

4 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 5

Message from

the CEO

Section One: Sustainable Development Strategy

Statement of the Board

Company

Overview

Strategy and Governance

Sustainable development has become an essential topic across the world . As an enterprise in the packaging industry with responsibility for food safety, we undertake that our business activities must in all circumstances meet and exceed, the public expectation, wherever we operate, of a law-abiding and moral business.

To t h i s e n d, we h a ve d e ve l o p e d a s u s t a i n a b l e development strategy for Greatview to operate in a responsible manner, to achieve healthy and sustainable development whilst creating shared value for our economy, society and environment. This strategy includes clear objectives, basic principles, and the measures and approaches to ensure its implementation.

Greatview highly values the importance of 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

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

Zero Carbon

Future

Innovation Empowers

Harmonious

Ecology

Our Mission

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

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'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 determination. In 2023, 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.

Outlook

Creating shared value

One mission

expectations and requirements will be fulfilled.

Appendix

Social

Recognition

SafetySociety Ecology

Three pillars

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.

ESG

Index Table

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

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.

6 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 7

Message from

the CEO

Company

Overview

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

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

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 and Governance

Zero Carbon

Future

"CEO") chairs the committee, the management of which comprises the heads of the production, sales, finance, human resources and marketing departments, who participate in its decision-making processes and take charge of the sustainable development practices in their respective areas.

resources, marketing and investor relations. Since its establishment, the working group has kept track of the ESG policy requirements 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 Empowers

Harmonious

Ecology

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

Provision of high quality and

Shareholders' meetings, reports, announcements and daily communication

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

Satisfaction surveys and customer

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

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

8 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 9

Message from

the CEO

Section Two: Corporate Governance

Risk Prevention and Control

Company

Overview

Strategy and Governance

Zero Carbon

Future

Effective corporate governance requires a good system and ex ter nal environment . I n 2023, we continued to maintain a high standard in corporate governance. We strictly operated in accordance with laws and regulations, improved the corporate governance structure in accordance with the modern enterprise system, and clarified the scope of duties and working procedures of the general meetings, the Board and senior management. We gave full play to the functions of the Board to improve decision- making efficiency. The performance assessment and

remuneration management system for Directors and senior management of the Company was further improved through the Board, the Audit Committee, the Remuneration Committee and the Nomination Committee, so that the Board is able to exercise effective oversight of senior management. During the Reporting Period, we held fifteen board meetings and two general meetings. The current Board of the Group consists of two executive Directors, two non-executive Directors and three independent non-executive Directors.

With strict risk management policies and systematic risk control mechanisms in place, Greatview is active in its improvement of internal control systems to identify business risks and analyse risks on industry and policy. We seek to improve risk awareness and responsibility amongst all staff through risk management training, and have established "three lines of defence" for risk management. As the first line of defence, the management teams at various levels have developed internal control policies and procedures according to business needs, and provided training and guidance to employees to ensure effective implementation of

The Company regularly organises risk assessment activities and discloses risk management reports each year in accordance with the Corporate Governance Code of the Stock Exchange.

In 2023, the Company organised middle and senior management and employees in key positions to carry out risk identification and assessment activities. In accordance with the Company's established principles of risk assessment and management, risk assessment procedures and methods as well as countermeasures for significant risks, we continued to improve the risk

Operation in Compliance with Laws

internal control policies. For the second line of defence, the risk management team conducts regular risk assessments to identify and improve potential areas of

management awareness of all employees and their ability and level of risk identification and assessment. During the continuous development and change of

Innovation Empowers

Harmonious

Ecology

Outlook

Appendix

Compliance with laws is the bottom line for business operations and the foundation for healthy operations. We firmly stand by this and require factories and overseas companies to abide by local laws and regulations in the countries in which they operate, respect local cultural customs, carry out all business activities in a legal manner, and integrate corporate ethics, social norms and integrity-basedself-discipline into corporate management.

We have formulated and implemented the "Business Ethics and Conduct Standards", "Employee Conduct Standards and Rewards and Punishment Regulations", "Regulations on Protecting Employees' Personal Information" and other systems. We guide management and employees to observe professional ethics, be of good character, and to place high standards in social and business ethics as well as personal information management. This guidance applies in both production and business premises as well as in the course of business where we prohibit bribery, extortion, fraud, money laundering and insider trading in cooperation with external parties. In all areas, we seek to create a fair and just business environment.

risk in business management in a timely manner, aiming to reduce the likelihood and impact of risk occurrences. The third line of defence is the supervision of internal audit, which reviews the Company's risk management practices independently on a regular basis and reports to the Board and top executives.

internal management and external environment, we manage and control risks more effectively to reduce the adverse impact of risks. We identified climate-related risks and opportunities in accordance with Task Force on Climate-Related Financial Disclosure (TCFD) guidance and developed appropriate countermeasures based on short and mid-term impacts.

Social

Recognition

ESG

Index Table

	Management teams	Risk management	Internal audit as
	at various levels as	team as the second	the third
Three lines of defence	the first line of defence	line of defence	line of defence

Abide by laws and regulations	Respect cultural customs	Adhere to integrity-based
self-discipline

10 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 11

Message from

the CEO

Company

Overview

Strategy and Governance

Zero Carbon

Future

Innovation Empowers

Harmonious

Ecology

Outlook

Appendix

Prevention Measures

The Company is committed to establishing and constantly optimising the management system for compliance and anti-corruption, strengthening corporate governance and internal control so as to regulate the professional behaviour of Directors, management staff and ordinary employees. The Company strictly abides by relevant laws and regulations such as the "Criminal Law of the People's Republic of China", the "Civil Code of the People's Republic of China", the "Anti-Money Laundering Law of the People's Republic of China", the "Company Law of the People's Republic of China", the "Anti-Unfair Competition Law of the People's Republic of China", as well as industry standards, professional ethics and articles of association with zero tolerance for corruption and other illegal behaviour. The Company has formulated the "Anti-Fraud Management System", which has clarified the definition and form of fraud and stipulated anti-fraud investigation and reporting procedures.

The Company has established a whistleblowing mechanism, allowing employees, stakeholders and other third parties to raise concerns and report suspected misconduct, irregularities and malpractices relating to the Group anonymously in confidence. The anti-fraud complaint email address is disclosed on the Company's official website. The informant could be any individual or organisation inside or outside of the Company; the Company has designated a special department with staff to manage the reporting mailboxes, and identify and analyse the email information received. Any report

which involves corruption or fraud will be investigated in a timely manner with the procedures and results reported to senior management or the Board. During the Reporting Period, there were no legal cases regarding corrupt practices brought against the Group or its employees.

In accordance with the latest regulations of the Guide, relevant requirements of the PRC laws, the Corruption Prevention Practice Guide of the ICAC and the Company's compliance management system, the Company provided Directors, management and employees with anti- corruption training in 2023, covering the Company's management policies for preventing corruption, bribery, extortion, fraud, money laundering and insider trading, relevant legal regulations as well as significant risk links and control models. Through various training methods such as special lectures and practical guidance, Directors, senior and middle management and employees were organised to participate in the training in batches. With the trainings, the Company achieved its expected goals, and further raised compliance and regulatory awareness amongst employees at all levels, instilling integrity, diligence and responsibility into working styles and establishing a sound internal environment and management systems for our corporate development. During the Reporting Period, the Group was not aware of any material impact on the Company or material non-compliance with the relevant laws and regulations relating to bribery, extortion, fraud and money laundering.

In accordance with relevant laws and regulations, product standards and practical operation conditions, the Company has prepared the Product Traceability and Recall Control Procedures to guide the construction of the product traceability system and constantly improve product traceability through ERP/MES information platform construction. The factory regularly conducts product recall and traceability drills to verify the rationality and effectiveness of product recall control procedures. In case of product quality disqualification requiring recall, the Company will immediately investigate the product range involved, recall the products of relevant batches and analyse the causes of disqualification, formulating and implementing improvement measures to verify and track the improvement effect. The Company has built international and domestic customer service teams to provide timely, effective and high-quality customer service.

Our World Class Manufacturing ("WCM") is a management system established for sustainable talent training, operation enhancement and equipment improvement, with the aim of pursuing sustainable profitability in the manufacturing industry, and on the basis of the involvement of all employees in production and operations. The WCM Committee has been set up to ensure continuous improvement in production. In 2023, we continued to promote the strategy of all staff's participation, organised all operators in the production department to participate in Autonomous Management ("AM") group activities from the basic concept of "autonomous maintenance", so as to cultivate self- disciplined workers who are actively engaged in their work, discuss equipment maintenance and equipment improvements and continuously improve production efficiency. As a management system to stimulate creativity, WCM has organised more than 30 factory- level trainings by introducing analysis tools such as Failure Mode and Effects Analysis ("FMEA") and

develop more than 20 loss elimination groups to improve factory performance. The Company promoted Statistical Process Control (SPC) throughout all factories to monitor process parameters, perceive abnormal fluctuations, and ensure the quality performance of packaging material products. In the future, the WCM Committee will further facilitate WCM's transformation vision, consistently take continuous improvement as the keynote, and spread the lean culture, helping factories provide their customers with higher quality products and services.

Greatview Aseptic Packaging adheres to the service tenet of "quality first" and always makes unremitting efforts to provide customers with high-quality product experience and service quality. We have formulated an effective complaint handling mechanism and established a dedicated team to ensure that we respond to customer concerns promptly and develop and implement solutions to build good and lasting relationships with customers.

The Company has set up an independent department to lead the handling of customer complaints and operates the complaint handling process in accordance with the "Product Complaint Handling and Control Procedure" and the "Qualit y Claims M anagement System". Customers can contact our staff through multiple complaint channels such as phone, WeChat, DingTalk and email. Once a customer complaint occurs, our Company will accept it within 24 hours and complete internal traceability analysis as soon as possible. For general issues, we will implement solutions within two working days and organize relevant personnel to the customer site for analysis and processing immediately where necessary. For key factories of major customers, our Company provides on-site engineer services and technical support to ensure smooth use of products and rapid response to customers' front-line needs.

Social

Recognition

Quality Management and Control

Single Minute Exchange of Die ("SMED") to effectively stimulate employees' thinking and enhance their ability to analyse and solve problems. A total of more than 80 maintenance-free improvement cases ("Maintenance Prevention") were collected to optimise equipment from design and manufacturing. Through its eight underlying

Meanwhile, the Company also conducts surveys on customer satisfaction and improvement, and obtains customer feedback, suggestions and specific needs on products and services through multiple channels, so as to continuously improvee customer satisfaction.

ESG

Index Table

Food is the basic of the people, safety is the basic of the food. Greatview is committed to providing our customers with safe and reliable packaging products to ensure the safety of liquid food. Our packaging solutions help to reduce food loss and waste throughout the entire value chain by effectively extending the shelf life of food.

Our quality assurance system, structured by production, service, research and development and supply chain management, helps to improve quality management from raw material supply, manufacturing, warehousing and transportation to after-sales services, and to ensure product safety and quality. We continue to improve our quality management system, whilst exercising strict quality control and inspection. Our world-class

departments, a "zero loss" ("Zero Loss") system has been established in the aspects from environment and safety management, quality maintenance, efficiency improvement, preventive maintenance of equipment, autonomous maintenance, education and training to support for improvement in factory management in accordance with the PDCA (Plan, Do, Check, and Act) methodology, which guided our factories to

During the Reporting Period, the claim rate for product and service related complaints we received was 0.05%. There were no serious violations of the related laws and regulations on quality of products and services or product safety and health or material impact on the Company; and there was no incident of product quality or product safety and health problems that required any product recalls from the market.

In 2023, we continued to increase investment in research and development, made efforts to upgrade production technology and improve product quality. We have won trust from customers through our innovative technology, high-quality products and the quality of integrated cross-system solutions. As of the end of 2023, Greatview provided safe and reliable products and services to customers in over 50 countries around the world.

quality inspection equipment and management processes enable us to ensure product quality through inspection at raw material and finished product control points. We have also introduced third-party testing and certification to ensure that all products satisfy the world's stringent food safety and packaging standards. In 2023, we actively participated in the revision of national and industry standards for liquid food packaging products, and actively provided technical support to further facilitate the construction of quality system in the industry.

Organised more than	Set up more than	WCM Management Committee
		collected more than

training sessions	loss elimination	improvement
30at the factory	20groups at the factory	80cases

12 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 13

Message from

the CEO

Managing and Controlling Advertising, Labelling & Privacy Matters

Number of Suppliers of Greatview by Geographical Region

Geographical region

Asia

Americas

Europe

Company Overview

T h e C o m p a n y h a s s t r i c t l y c o m p l i e d w i t h t h e requirements of laws including Regulations on the Administration of Printing Industry, the Measures for the Administration of Commodity Barcodes, etc. of the

T h e C o m p a n y h a s e s t a b l i s h e d t h e G r e a t v i e w Confidential System, and signed a Confidentiality Agreement with employees and business related parties. The Company strictly keeps customer information, data

Number of suppliers	23	3	8

Protection of Intellectual Property Rights

Strategy and Governance

Zero Carbon

Future

Innovation Empowers

Harmonious

Ecology

PRC, obtaining the printing business licence and the commodity barcode printing qualification certificate, and conducting printing business activities in strict accordance with the scope of the licence. In accordance with the requirements of relevant laws and regulations including the Provisions on the Administration of Undertaking of Presswork Printing, the Measures for the Administration of Commodity Barcodes and the Trademark Law, the Company has established and maintained an internal control management system, and formulated the Order Business Control Manual. The Company will collect, review and file the business licence, registered trademark, commodity barcode and other relevant qualification documents of the entrusting party before accepting any commissioned printing design or order. The Company has established pre-print design handling and approval procedures. The Company will verify registered trademarks and commodity barcodes before printing and then authorise printing after confirming compliance.

and other information confidential during daily business operation to protect their privacy. On 1 February 2023, the Company established the Executive Committee comprising of (i) a non-executive Director (Mr. HONG Gang, the chairman of the Board); (ii) an executive Director (Mr. BI Hua, Jeff, the CEO); and (iii) three independent non-executive Directors (Mr. LUETH Allen Warren, Mr. BEHRENS Ernst Hermann and Mr. GUO Kai). The Exeutive Committee was delegated with full powers of the Board to deal with and resolve all matters relating to the handling of the Group's confidential information and customer and/or supplier related information, including discussions and response to the concerns of the Group's customers and suppliers relating to their confidential information, to ensure better protection of the Group's confidential information and protection of interest of all shareholders. In 2023, the Company complied with laws and regulations concerning product quality and safety, advertising, labelling and privacy, and did not recall products due to problems with advertising labels.

Greatview always focuses on the innovation and development of intellectual property rights, as well as the building and maintenance of the Company's brand, so as to continuously improve Greatview's competitiveness in the field of liquid food aseptic packaging. We adhere to the concept of technological innovation through research and development for product empowerment. Greatview has established a series of management systems including the Confidential System, the Project Approval System for New Products and the Patent Incentive System to encourage technology research and development and form patents. We procure professional tools to regularly sort out and analyse patent big data to understand industry research and development trends and reduce the risk of repeated research and development.

Moreover, we comprehensively adopt different types of intellectual property protection methods including patents, trademarks and copyrights to protec t various intellectual innovation achievements in a timely and effective manner, guarantee and support the enhancement of the market competitiveness and recognition of Greatview's products. At the same time, through the publicity and training of intellectual property rights to employees, we can improve employees' awareness of intellectual property rights and their consciousness of respecting others' intellectual property rights, understand the methods of protecting intellectual property rights, and provide better protection and support for the Company's development.

Outlook

So far, the subsidiaries of the Group

Appendix

Social

Recognition

ESG

Index Table

Supplier Management

Supplier management is a key component of Greatview's quality management process. We have formulated a Supplier Management System to review the basic information and qualifications of all our suppliers prior to engaging them. We have conducted risk assessments of suppliers based on environment, quality, food safety and social responsibility management needs. We require suppliers to abide by all applicable laws and regulations, and clearly inform them of Greatview's requirements and expectations for environment, quality, food safety, and social responsibility. We evaluate the performance of all suppliers annually, and carry out on-site audits on some suppliers to ensure that the materials and services supplied as well as their own operations meet our requirements to suppliers. In 2023, we assisted certain suppliers in improving their management performance through on-site audits and special exchanges, so as to achieve Greatview's goal of sustainable supply chain procurement. During the Reporting Period, we carried out annual performance evaluations of all suppliers, covering environmental management, quality management, energy management, food safety, health and safety and others. In the future, we will pay more attention to the supplier's sustainable development practices regarding supplier's evaluation, and collaborate with suppliers to build a low-carbon, sustainable and green supply chain.

Greatview always insists on integrating the concept of sustainable development into our supplier management, and are aware that cooperating with the best suppliers is the basis for our long-term sustainable development. The carbon emissions of raw materials are also an important part of the carbon footprint of our products. Greatview gives priority to purchasing environmentally- friendly raw materials, actively cooperates with suppliers to develop products with more environmentally-friendly and low-carbon raw materials and implements energy- saving and emission reduction measures together with suppliers to establish a green supply chain. We regularly carry out exchange activities concerning sustainable development with suppliers to share respective typical case in energy conservation and emission reduction. At present, Greatview has started to use recyclable packaging auxiliary materials that can reduce carbon emissions, and is gradually expanding the purchases of green and low-carbon raw materials. We also plan to conduct a carbon footprint inventory of supply chain and formulate scientific carbon emission and carbon reduction targets with our suppliers, so as to lay the necessary foundation for Greatview to achieve its carbon neutrality goal.

Owned more than	Registered more than	Owned the copyrights of	In 2023, Greatview was
			granted
300patents	trademarks	15design works	new
200in China	12patents
with nearly 200	and also registered		and
valid patents	trademarks in nearly
	15trademarks
	80 countries or regions
	around the world

14 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 15

Message from

the CEO

Company

Overview

Strategy and

Governance

Zero Carbon

Future

Innovation

Empowers

Harmonious

Ecology

Outlook

Appendix

Social

Recognition

ESG

Index Table

16 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT

Zero Carbon Future

"Making liquid food safer, more convenient, environmentally-friendly and fashionable" is a beautiful vision for us to work towards, and reducing environmental impact is an important goal we pursue. Under the goal of "carbon neutrality", Greatview comprehensively takes steps in the management of greenhouse gas emission, waste and energy conservation and consumption reduction as well as packaging recycling around the themes of climate change response, use of energy resources, environmental management and recycling, so as to continuously reduce its impact on the environment and achieve continuous improvement.

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED • CORPORATE SUSTAINABILITY REPORT 17