China Overseas Grand Oceans Group Ltd

###### GOVERNANCE FRAMEWORK

The Group has specially established a governance framework composing from top-down, Board of Directors of the Company, Executive Committee, ESG Leading Group and ESG Working Group, in order to ensure the achievement of its goals in carbon peaking, carbon neutrality, and environment, social and governance (ESG).

###### BOARD OF DIRECTORS

Regularly listen to the reports of the Executive Committee, actively participate in the formulation of green and low-carbon sustainable development strategies, and be responsible for the Group's sustainable development policies and information disclosure; be responsible for corporate risk management, judgment and assessment of opportunities and risks related to sustainable development; regularly report to and advise the Board members on matters related to sustainable development and carbon reduction, and provide feedback on sustainable development related issues.

###### EXECUTIVE COMMITTEE

Authorized by the Board of Directors to be responsible for sustainability-related matters and co-ordinate sustainable development operations; be responsible for formulating sustainable development and carbon reduction strategies and regularly reporting to the Board of Directors; be responsible for regularly conducting carbon risk identification and analysis, and review of carbon management procedures, and submitting audit results and improvement recommendations to the Board of Directors to determine the effectiveness of the carbon monitoring system; be responsible for monitoring the implementation of sustainable development in the daily work of each line of business.

###### ESG LEADING GROUP

Be responsible for the implementation of sustainable development and carbon reduction, ensuring that the carbon neutrality strategy work fully covers the entire Group; regularly report the progress of sustainable development work to the Committee, and prepare climate change information disclosure reports based on the implementation of carbon management goals.

###### ESG WORKING GROUP

Be responsible for the implementation and routine management of specific carbon management related matters in the projects; pay full attention to and implement the relevant requirements of the Group for green and low-carbon development in the process of daily business activities.

In order to scientifically manage the Company's carbon emissions at the organizational level and the carbon emissions of the whole life cycle of buildings, under the guidance of the ESG Leading Group, COGO will prepare to establish a carbon resource management platform for monitoring carbon emission activity data in all aspects of the Company, form a sustainable carbon management system by digital means, carry out closed-loop management of carbon emission data throughout the whole life cycle of buildings, connect with suppliers, realize the interoperability and sharing of carbon emission data in the value chain, and establish a solid data foundation and mechanism guarantee for COGO to attain the goal of carbon neutrality.

The Board of Directors is the highest decision-making body for the Group's sustainability matters and has overall responsibility for ESG work. The Board has authorised the Executive Committee to co-ordinate sustainability-related matters and set up an ESG Leading Group and an ESG Working Group under it. [...] The Board of Directors of the Group has reviewed and discussed the progress of the achievement of the relevant objectives during the reporting period. At the same time, the Board also discussed the ESG management approach and strategy during the reporting period, including the assessment and prioritisation of ESG related issues and potential risks and opportunities, as well as the Group's management of such issues. [...] COGO has established a four-tier governance structure, namely "Board of Directors - Executive Committee - ESG Leadership Group - ESG Working Group", and a Carbon Peak and Carbon Neutral Leadership Group to promote the Group's "Dual-Carbon" goal and climate change efforts on a step-by-step basis. In particular, the Board, as the highest decision-making body for ESG governance, has included climate change related risks and opportunities in its scope of supervision. The Board has authorised the Executive Committee to co-ordinate sustainability-related matters, perform functions including identifying, analysing and managing climate risks and opportunities, overseeing the implementation of the sustainability work of various business divisions, and reporting regularly to the Board on the progress of work. At the executive level, the ESG Leadership Team and the Carbon Peak and Carbon Neutral Leadership Group are responsible for leading the implementation of carbon reduction work, while the ESG Working Group is responsible for the specific implementation and routine management of carbon management-related matters in the projects.