ESG Report 2025

FOSU

FOSU N IN TE RNATIONAL LIMITED

ENVIRONMENTAL, SOCIAL

AND GOVERNANCE REPORT

01

Approach to Sustainability Work

Technology Innovation-Driven

People and Partner Oriented

07 Business for Good

025

031

035

02

Advanced Governance

061

03

071

075

04

Responsible Operation

109

05

119

126

129

06

Climate and Planet Positive

161

163

165

172

175

177

180

041

043

046

053

183

Key Performance Indicators

CONTENT

‌About This Report

About This Report

The Company hereby issues the Environmental, Social and Governance Report 2025 to elaborate the Group's strategies, policies, measures, and achievements on sustainable development to stakeholders during the Reporting Period in an objective manner.

Reporting Period

The Report is the tenth annual ESG Report released by the Company. The Environmental, Social and Governance Report 2024 for the previous Reporting Period was released on 25 April 2025.

Principles of the Report

This Report is prepared in accordance with the following reporting principles required in the ESG Reporting Code:

Scope of the Report

The Report covers the ESG performance of four business segments operated by the Group: Health, Happiness, Wealth, and Intelligent Manufacturing during the period from 1 January 2025 to 31 December 2025. Description in some parts of the Report goes beyond the above period.

The reporting scope is generally consistent with the consolidation scope of the Group's consolidated financial statements for year ended 31 December 2025, excluding a few consolidated companies that do not have ESG-related financial or impact materiality. Meanwhile, based on ESG-related impact materiality, certain issues also cover specific non-consolidated investments and operating companies.

The statistical scope of key environmental and social performance indicators remains consistent with previous reports, covering major consolidated subsidiaries, based on the principle of above 2/3 accumulated equity attributable to owners of the parent of the Group. Detailed scope and calculation methods are provided in the Appendix Key Performance Indicators of this Report.

"Materiality"

"Quantitative"

"Consistency"

"Balance"

Key stakeholders were identified and key ESG topics were determined through stakeholder engagement and materiality assessment in the course of the Report preparation.

This Report uses quantitative data to present KPIs at the environmental and social aspects, explaining its purpose and impacts. We also provide comparative data on KPIs in the Report.

The statistical methods and KPIs used in the Report are consistent with those used in the

Environmental, Social and Governance Report 2024.

The Report follows the principle of "Balance" and objectively demonstrates the Group's ESG management status.

Notes to the Report's Data

Standards of the Report

The Report is prepared in compliance with the Environmental, Social and Governance Reporting Code set out in Appendix C2 to the Rules Governing the Listing of Securities of Hong Kong Exchanges and Clearing Limited, with reference to the GRI Standards.

The financial data of the Report all comes from the Group's consolidated financial statements for year ended 31 December 2025, which have been independently audited by Ernst & Young, while other data is sourced from internal statistical reports and official documents of the Group. If the financial data in this Report is not consistent with that of the Group's consolidated financial statements, the latter shall prevail.

Report Availability

The electronic form of the Report is available on the Company's ESG Page (https://www.fosun.com/esg/), and the Hong Kong Stock Exchange's website (http://www.hkexnews.hk).

Contact Information

Fosun encourages all stakeholders to provide feedback and make suggestions on the Group's ESG matters. For any related enquiries, please contact esg@fosun.com.

‌Chairman's Statement

Chairman's Statement

Creating healthier, happier, and wealthier lives for more families worldwide.

In 2025, Fosun remained steadfast in its strategic focus, navigating a changing landscape and delivering steady growth through a disciplined commitment to long-termism. As an industry group rooted in China with a global presence, we consistently place sustainability at the core of our strategy, taking concrete actions to meet the expectations of the time and society.

We have been firmly advancing along the path of innovation and globalization. Over the past year, revenue from Fosun's overseas operations accounted for 53% of the total, underscoring both the resilience and effectiveness of its globalization strategy. Fosun has consistently upheld technology innovation as the core of its strategy. In the healthcare sector, we have achieved a series of milestones, including rare disease treatment, cell therapy, and immuno-oncology. These achievements reflect our original aspiration to bring hope to more patients. Meanwhile, we have been embracing AI in a responsible manner, promoting the deep integration of AI technology across various business scenarios. Fosun Pharma's PharmAID® Pharmaceutical Intelligence Platform accelerated drug research and development, while Club Med created the world's first AI-themed resort by introducing an all-scenario AI G.O tourism intelligent system. AI is increasingly serving as a vital engine, interconnecting and empowering Fosun's industrial ecosystem. We continue to explore new ways of bringing cultural heritage to life through vibrant and meaningful experiences.

Fosun remains committed to "Business for Good". Following the outbreak of a fire in Tai Po, New Territories, Hong Kong, we promptly extended support for relief and reconstruction efforts. Fosun Foundation has continued to advance the Rural Doctors Program, introducing the "AI Rural Doctor Assistant" to grassroots communities to enhance the coverage and efficiency of medical services. Meanwhile, the global expansion of the Yuyuan Lantern Festival serves as a gateway for the world to appreciate Chinese culture. We continue to explore new ways of bringing cultural heritage to life through vibrant and meaningful experiences.

In response to climate change and low-carbon transition, Fosun has taken the initiative to seize new opportunities presented

by green transformation. We are actively investing in clean technologies and strategically deploying critical new energy resources, such as lithium concentrates. This year, we will release the fourth Climate Information Disclosures Report. Building on our commitment to achieve carbon neutrality by 2050, we have set a mid-term target to reduce the intensity of Scope 1 and Scope 2 GHG emissions by 20% by 2034, using 2024 as the base year, thereby continuously advancing a more scientific and refined decarbonization pathway. This marks our resolute strides toward green and low-carbon development.

Fosun has continued to enhance its ESG management and received widely recognized international honors. As of the release date of this Report, our MSCI ESG rating has been upgraded to AAA based on MSCI's latest rating model (version 5.0), and we have maintained a Hang Seng Sustainability Rating of AA-. We have also been included in S&P Global's Sustainability Yearbook 2026 and recognized among the top 1% of companies in China for consecutive years. Additionally, our FTSE Russell ESG score rose to 4.2, and we have been included in the FTSE4Good Index Series for the fifth consecutive time. These honors affirm our sustainability competence and, more importantly, motivate us to pursue continuous improvement and progress.

Reflecting on 2025, we were tempered by challenges but moved forward with firm strides. Looking ahead to 2026, we will stay grounded and embrace innovation, striving for greater heights. In the future, Fosun will continue to advance its "Create Impact" strategy, contributing to global sustainable development. We will also take more concrete actions in response to the public trust, fulfill our commitments with enduring perseverance, and join hands with global partners to share health and happiness with families worldwide.

Guo Guangchang

Chairman

‌Board Statement

Board Statement

The Board and all Directors of the Company confirm that the information in this Report does not contain any false records, misleading statements or material omissions, and make the following statements regarding the ESG supervision and management of the Board:

Governance Framework

The Board bears ultimate responsibility for the ESG strategy and management of the Company, regularly discusses and reviews the ESG risks, opportunities, performance and progress of the Group. In order to further strengthen the management of ESG matters, at the governance level, the Company has set up an ESG Board Committee to assist the Board in guiding and overseeing the Group's ESG development and the implementation; at the management and decision level, the Company has set up an ESG Executive Committee to provide decision support for the implementation of ESG strategy.

The Company has also set up an ESG Management Committee and an ESG Working Group to implement ESG strategies and related actions and ensure the establishment of appropriate and effective ESG risk management and internal control system. For detailed information about the Company's governance framework, please refer to the section 2.2 ESG Governance in the Report.

Management Approach and Strategy

In 2025, the Group conducted a double materiality assessment and engaged in extensive and in-depth communication with various stakeholders through multiple channels. From the dual perspectives of impact materiality and financial materiality, the Group analyzed, identified, evaluated, and prioritized 63 ESG impacts, risks, and opportunities, based on the likelihood and severity of their potential influence.

According to the assessment results, "R&D and Innovation", "Climate Change Response", "Product and Service Safety and Quality", and "Business Integrity and Supervision" were recognized as topics of double materiality for the Group. The Group continues to enhance management and responses around these key issues, and has integrated the assessment results into its ESG disclosure, risk management, and sustainability decision-making processes. The Board of Directors, the ESG Board Committee, the ESG Executive Committee, and the ESG Management Committee have actively overseen and managed these material topics. The approach and management practices related to the above issues are elaborated in this Report. For detailed information about the Company's management approach and strategy, please refer to the sections Campaign: Create A Sustainable Impact and 1.2 Materiality Assessment in the Report.

Goals Review

ESG strategies and goals have been set and reviewed by the Company to manage the Group's ESG impact, and to integrate sustainability into relevant business operations. The Company's ESG Management Committee conducts periodic reviews on ESG strategies and goals, the progress made against ESG-related goals and achievements. For detailed information about the Company's performance review, please refer to the section 1.3 Goals and Performance.

Looking ahead, the Board will continue to optimize the ESG management of the Company, actively respond to concerns of our stakeholders, formulate corresponding action plans, regularly review the progress of the relevant objectives. The Company will keep enhancing ESG management capabilities to drive high-quality corporate development, promote stakeholder well-being, and create lasting social value.

‌An Introduction to Fosun

An Introduction to Fosun

Overview of the Group

The Company was listed on the Main Board of the Hong Kong Stock Exchange with stock code 00656 in 2007. Upholding the cultural values of "Self-improvement, Teamwork, Performance and Contribution to Society" and adhering to the mission of "Creating happier lives for families worldwide", Fosun achieved rapid development by capitalizing on the economic development momentum of China and worldwide and investing in the fast-growing industries in different stages.

Mission

Creating happier lives for families worldwide.

Vision

Rooted in China, creating a global happiness ecosystem fulfilling the needs of families worldwide in health, happiness and wealth.

Business Segments

Founded in 1992, the Group has remained true to its original aspiration of "Contribution to Society" and pursued the forward-looking strategy of "Changing First to Bring Changes", growing alongside China's reform and opening-up and the wave of globalization. After more than three decades of solid development, the Group has successfully transformed into a global innovation-driven consumer group, building an industrial ecosystem spanning its three core segments of Health, Happiness and Wealth.

While strengthening the foundation of its global strategy, the Group has remained focused on its core businesses

and continuously advanced industrial upgrading through technological empowerment and lean operations. With operations in more than 40 countries and regions worldwide, the Group leverages its keen insight into consumer needs and its deep understanding of value creation across the industrial chain to continuously provide high-quality products, services and innovative solutions for families worldwide, fulfilling its commitment to creating happier lives for families worldwide.

Please refer to the 2025 Annual Report for detailed business performance and prospects.

007 Environmental, Social and Governance Report 2025 Environmental, Social and Governance Report 2025 008

Awards & Accolades

Awards & Accolades

Relevant ESG Awards Received by Fosun International in 2025:

Launched in 1999, the S&P Global

Corporate Sustainability Assessment (CSA) is an annual evaluation of

"Holding Group Brand of the Year Awards

Asia 2025", "Best Sustainable Development Company Asia 2025" and "Best CSR Company Asia 2025"

"Asia's Best CEO", "Sustainable Asia Award",

"Best Corporate Communications Award" and "Best Environmental Responsibility" at the 15th Asian Excellence Award

Global Banking and Finance Review

Corporate Governance Asia

"2025 Zhejiang Entrepreneurs ESG Benchmark

Cases 100"

2025 "Most Admired Chinese

Companies" List

Zheshang Magazine

Fortune China

Gold Award and Best Sustainability Team at

the Asset Corporate Sustainability Leadership Awards 2025

"Outstanding ESG Award", "Best in ESG

Practices" and "Best in ESG Report"

The Asset

Television Broadcasts Limited

"ESG Leading Enterprise"

"ESG & Corporate Sustainability

Excellence Award"

Bloomberg Businessweek/Chinese Edition

Hong Kong Economic Journal

1 Fosun International was upgraded to AAA under the latest MSCI ESG Ratings methodology (Version 5.0) released in March 2026.

‌2025 Key Performance Highlights

Financial

Social

Response rate of customer complaints

100

100

100

%

Resolution rate of customer complaints

100

100

100

%

Total energy and environmental protection

investment

>200

>200

>200

RMB 100

Million

Percentage of suppliers received credit

investigations through a third party

100

100

100

%

Total number of employees

Approximately Approximately

104,000 104,000

Approximately

108,000

Persons

Proportion of female employees

50.2

50.4

49.2

%

Percentage of employees received regular

performance and career development reviews

100

100

100

%

Global Partner2

>150

>150

>150

Persons

quality management system certification3

2025 Key Performance Highlights

Environmental

Number of member companies obtained

the environmental management system certification

34

27

26

Companies

Number of member companies obtained the

10

11

11

Companies

Energy consumption intensity

25.7

24.1

22.8

MWh/ RMB Million of

Revenue

2 It is different from the legal concept of "partner" in partnership enterprises.

3 From 2023 to 2024, quality management system certifications covered only ISO 9001 and HACCP. In 2025, ISO 13485 was newly included in the scope

of statistics.

‌Campaign: Creating a Sustainable Impact

Embarking on a Global Sustainability Journey

Our Actions

In 2025, adhering to the mission of "Creating happier lives for families worldwide", Fosun continued to integrate its sustainability strategy into the global industrial ecosystem. With more concrete actions and a more open mindset, we embarked on a sustainability journey alongside global stakeholders.

We consistently drive local development with global insights, practicing integrated innovation in our global industrial layout to unlock sustainable influence through industrial synergy. We leverage global cutting-edge resources to upgrade local industries while bringing Chinese innovations to global markets. Supported by digital technologies, we optimize the efficiency of consumer scenarios, promoting the fusion of global values through cultural exchange. From technological research and innovation to public interests, we continue to practice and amplify the positive impact of sustainability.

2025 Sustainability Global Leaders Conference

The 2025 Sustainability Global Leaders Conference was held in Shanghai in October. The conference was co-hosted by the World Green Design Organization (WGDO) and Sina Group, themed "Joining Hands to Address Challenges: Global Action, Innovation, and Sustainable Growth". It brought together around 500 global guests from politics, business, academia, and philanthropy, including Nobel Laureates, Turing Award winners, and leaders from Fortune Global 500 companies. Participants engaged in discussions on nearly 50 topics spanning energy transition, dual carbon actions, green finance, sustainable consumption, and technology for public good.

As one of the key supporters of this event, Fosun International combined a global vision with deep local engagement. Leveraging its diversified industrial ecosystem and global operational network, Fosun contributed innovative thinking and a unique perspective on cultural integration to the Sustainability Global Leaders Conference. This demonstrates Fosun's leadership and long-term commitment to promoting sustainable development and fostering cross-cultural exchange.

In 2025, Fosun International demonstrated its commitment to "Creating a sustainable impact" through diverse practices-

From lantern shows at Yuyuan Garden in Shanghai, China, to the climate conference in Belém, Brazil.

With innovation at its core, a people-centered approach, and a responsibility towards the planet.

Fosun collaborates with global customers, communities, and partners to stride towards a more resilient, inclusive and sustainable future.

013 Environmental, Social and Governance Report 2025 Environmental, Social and Governance Report 2025 014

Campaign: Creating a Sustainable Impact

Huangpu Yuyuan Night Taking Culture as a Bridge for International Exchange and Cooperation Fosun's Voice Sharing Experiences and Insights on Sustainable Development

As a key event of the conference, "Huangpu Yuyuan Night", held on the opening day, was co-organized by Yuyuan, a member company within the Fosun ecosystem, and Sina Finance. Themed "Sustainable Development and Cultural Inheritance", the event brought together nearly 60 global political leaders and entrepreneurs for a night tour. Leveraging the conference as a platform, Yuyuan initiated global dialogues on sustainable development. Guests, including Iceland's President Ms. Halla Tómasdóttir, attended the conference, and engaged in in-depth discussions on topics such as global sustainability trends, green technology innovation, sustainability empowered by cultural inheritance, and urban low-carbon renewal. They collectively explored effective pathways to address global challenges and drive sustainable growth.

The event presented Shanghai's urban character and contemporary vitality through an immersive experience. Guests toured locations that connect the city's cultural heritage with its modern industries - from the Bund Finance Center (BFC) to the Grand Yuyuan - where the integration of historical architecture preservation, intangible cultural heritage inheritance, and commercial innovation demonstrated Yuyuan's dedication to urban renewal and industrial transformation. At the "Beaufort Terrace", traditional performing arts such as Kunqu Opera and Peking Opera were showcased alongside time-honored establishments like Lu Bo Lang and Huxinting Teahouse, allowing Chinese and international guests to immerse themselves in the refined aesthetics of Eastern living.

As a special partner of the conference, Yuyuan has gained wide recognition for its long-term sustainability practices. Through a self-developed carbon emissions monitoring system, Yuyuan refines energy management and leverages low-carbon technologies to organize the Yuyuan Lantern Festival. These efforts embody the concept of carbon neutrality by incorporating oriental lifestyle aesthetics into sustainable development. Supported by Fosun's global platform, the festival has gone international, spreading to cities overseas, playing a key role in Sino-foreign cultural exchange. Through the Yuyuan Lantern Festival, we continue to tell "China Stories" to the world and convey the vision of sustainable lifestyles.

During the 2025 Sustainability Global Leaders Conference, senior executives from Fosun were invited to deliver keynote speeches, sharing the Group's updates and reflections on its globalization and sustainability journey.

Mr. Wang Qunbin, Co-Chairman of Fosun International, delivered a keynote speech titled "Innovation-Driven: Fosun's Path to Global Industry Leadership". He shared how Fosun has made innovation as its core driving force in pursuing globalization and achieving a win-win between business success and social value.

International guests, including Iceland's President Ms. Halla Tómasdóttir, attended the event to jointly discuss low-carbon urban renewal, cultural empowerment, and solutions to global sustainable challenges.

Mr. Chen Yuqing, Chairman of Fosun Pharma, was invited to deliver a keynote speech titled "Innovation for Steady Global Expansion: Fosun Pharma's Sustainability Practices". He stressed how inclusive and sustainable healthcare is driven by continuous innovation to address public health challenges from a global perspective.

Themed "The Adventure of Mountains and Seas: Journey into the Jungle", the lantern festival collaborated with Zhou Yao Insect Museum in Ningbo, Zhejiang Province to present a "Green Exploration" journey. This conveys the concept of environmental protection and natural conservation.

Campaign: Creating a Sustainable Impact

COP30: Contributing Fosun Ecosystem's Intelligence to Empowering Climate Actions in the Insurance Industry

Research and Innovation at the ICCC

From Climate Models to Community Resilience

At the COP29, Fosun Insurance Portugal launched the Impact Center for Climate Change (ICCC)-a strategic platform designed to bridge the gap between climate science and risk management.

One year later, in November 2025, at COP30 in Belém, Brazil, the ICCC presented its first results, moving from institutional

commitment to the delivery of practical tools for the transition to a net-zero economy.

The center will serve as a collaborative hub that integrates research, knowledge sharing, and social dialogue to foster innovative climate risk management and enhance the insurance industry's capacity to address climate challenges.

During its first year of operation, the ICCC focused on developing high-resolution models for forest fire risks and flood disasters. Rather than just assessing damage, these tools are designed to support disaster prevention policies and strengthen the resilience of local communities.

At the Portuguese Pavilion during COP30, the ICCC demonstrated how the integration of technology and climate science is reshaping the insurance value chain including:

Advanced Risk Analytics:

Leveraging AI and remote sensing to create predictive models for regional climate disasters, allowing for more accurate technical pricing and risk mitigation.

Data-Driven Adaptation: Providing the scientific foundation to develop insurance solutions tailored to the needs of sectors most vulnerable to climate change, such as agriculture and coastal infrastructure.

Institutional Collaboration:

Partnering with local governments and research institutions to establish a "Climate-Resilient Insurance Framework" that aligns private investment with public safety goals.

The Preventive Insurance Model: Shifting the industry paradigm from "compensation" to "mitigation and adaptation" by incentivizing policyholders to adopt preemptive measures that reduce overall climate vulnerability.

By fostering scientific research funding and promoting social dialogue, the ICCC ensures that the insurance industry remains a stabilizer of the economy in an increasingly volatile climate.

Campaign: Creating a Sustainable Impact

Dialogue and Collaboration

Amplifying the Insurance Industry's Impact on Climate Action

Florestas de Portugal

Nature Capital Investment and the Road to Decarbonization

During COP30, Fosun Insurance Portugal actively participated in high-level forums and initiatives, demonstrating the critical role of the insurance industry in global climate actions.

Fosun Insurance Portugal released its innovative investment program-Florestas de Portugal. The fund strives for a sustainable investment model that balances economic returns with environmental benefits through forest management, carbon capture, and proactive land management. It serves as an exemplary model for the insurance industry to leverage the power of finance for biodiversity conservation and climate actions. Fosun Insurance Portugal fully integrates both "Net Zero" and "Nature Positive" initiatives into its business strategy, aligning closely with EU decarbonization and biodiversity policies. From the low-carbon design of its headquarters building to the green transition of its investment portfolio, Fosun Insurance Portugal is building a comprehensive decarbonization ecosystem, promoting sustainable finance and coexistence with nature.

At the COP30 forum "From Risk to Resilience," ICCC co-coordinators Rui Esteves and Tomé Pedroso, alongside João Mestre (Sustainability Director of Fosun Insurance Portugal), showcased the center's development of advanced forest fire and flood modeling tools. These solutions are designed to strengthen public prevention and community resilience through high-resolution risk data.

The session also highlighted the integration of early warning systems for extreme climate events, the launch of new climate research scholarships, and the Fosun Insurance Portugal's new sustainable headquarters. These initiatives, alongside Fosun Insurance Portugal's Net Zero and Nature Positive strategies, align with EU decarbonization and biodiversity standards. Together, they reinforce a key industry shift: insurance is no longer just a responder to crises, but a strategic driver of the global climate transition.

The Belém conference marked the debut of "Casa do Seguro", the first COP pavilion dedicated to the insurance industry. Within this strategic space, Fosun Insurance Portugal participated in key high-level discussions between November 10th and 13th, focusing on "Building Resilient Communities in Emerging Economies."

In collaboration with the United Nations Environment Program (UNEP) and the V20 Sustainable Insurance Facility, Fosun Insurance Portugal shared key insights on microinsurance and inclusive insurance within Latin American markets. These sessions demonstrated how targeted, accessible insurance products are essential tools for enhancing the climate resilience of vulnerable populations, moving beyond traditional coverage to provide a critical safety net for those most affected by climate volatility.

From the ICCC to natural capital investments and inclusive insurance initiatives, Fosun Insurance Portugal is reshaping the insurance industry's role in climate action. With foresight and innovation, Fosun Insurance Portugal is driving the industry shift from risk management to resilience building, contributing to a more inclusive, greener, and more resilient future.

Fosun Insurance Portugal has been an early adopter in developing climate-resilient solutions and it received recognition from UN agencies at COP30. Fosun Insurance Portugal signed several international commitments such as NZAOA, PRI, PSI and UN Global Compact and is an active member in multilateral organizations such as the UN-led Forum for Insurance Transition to Net-Zero (FIT).

Campaign: Creating a Sustainable Impact

Our Belief

Wang Qunbin Executive Director and Co-Chairman of Fosun International

Lee Kai-Fu

Chairman of Fosun ESG Board Committee and Independent Non-Executive Director of Fosun International

As a global innovation-driven consumer group, Fosun is guided by meeting unsatisfied demands of families around the world. We expand our global business footprint while earnestly fulfilling our global responsibilities and commitments in sustainable development. We firmly believe that enterprises are not only commercial entities but also social citizens, and that developing business for good lays the foundation for sustainable corporate development. Driven by innovation, we continue to make strides in healthcare services, low-carbon operations, and sustainable supply chains, addressing key social issues through industrial practices. Moving forward, we will deepen our global sustainability strategy and collaborate with global partners to enhance the life quality of families worldwide, jointly striving for a more sustainable future.

Technology-enabled ESG practice has become the core driver behind Fosun's fulfillment of its social responsibilities. Technology without ethics governance will ultimately lose its way. Likewise, finance without benevolence will eventually fade away. Supported by its innovation strengths and cutting-edge technologies such as AI and green tech, Fosun translates ESG concepts into tangible value, helping to address core global challenges like climate change and resource utilization. This aims to leverage technology in practical applications to empower sustainable development and give back to society. We look forward to collaborating with more peers. Taking AI as a bridge to delve deeper into sustainability practices, we are committed to translating technological dividends into tangible green development outcomes, injecting lasting momentum into global sustainable development.

Chen Qiyu Executive Director and Co-CEO of Fosun International

Li Haifeng

Chairman of Shanghai Fosun Foundation

Original innovation is not an alternative, but an imperative for corporate survival and development. Fosun deeply integrates ESG principles into corporate strategies and operations. While adhering to innovation-driven development and global operations, we continuously optimize resource allocation, focusing our core strengths on innovative research. This ensures that our innovative achievements can benefit the world. We will continue to uphold the philosophy of "Innovation for Good Health", leveraging original innovation to solidify the foundation for sustainable development and steadily advance towards a more robust and efficient sustainability journey.

Xu Xiaoliang Executive Director and Co-CEO of Fosun International

Sustainably advancing philanthropy is not merely a matter of corporate operations or responsibilities; it is, more importantly, a benchmark and goal for confidently expanding globally and moving forward into the future. Leveraging its extensive global industrial footprint, Fosun ensures that its belief in "business for good" takes root and flourishes across multiple aspects, including rural revitalization, youth entrepreneurship, global emergency response, and cultural exchange. As a responsible and purposeful global enterprise, we will continue to work hand in hand with all members within the "Fosun Ecosystem" and our partners. With a more open, diverse, and professional stance, we will ensure that the force for good reaches more communities on the path to achieving our goals for sustainable development.

In the era of artificial intelligence, embracing AI is not a choice but a necessity for achieving high-quality sustainable development. Fosun deeply integrates AI with ESG principles, putting theory into practice to advance AI industrial applications. We enable technology to empower green development and public welfare, exploring development models that balance commercial value and social benefits while enhancing industrial efficiency. Looking ahead, Fosun will focus on building an AI-empowered global network, concentrating on its core businesses and fulfilling its responsibilities. Building on our excellent achievements in ESG, we will fulfill our mission through concrete actions, helping more families live healthier, happier and wealthier lives.

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Approach to Sustainability Work

‌Advanced Governance

Technology Innovation-Driven Responsible Operation People and Partner Oriented Climate and Planet Positive Business for Good

01

Approach to Sustainability Work

023 Environmental, Social and Governance Report 2025 Environmental, Social and Governance Report 2025 024

Approach to Sustainability Work

‌Advanced Governance Technology Innovation-Driven Responsible Operation People and Partner Oriented Climate and Planet Positive Business for Good

Based on the materiality assessment results, we selected the three most material issues in terms of impact materiality and financial materiality, respectively. We identified and sort out their specific impacts and reviewed our corresponding management indicators and strategies.

Material

Issues

Scope of

Impact Stakeholders

Impact

Categories

Direct Impact Indicators

Impact Value

Measurement

Response in the

Report

Impact Materiality Financial Materiality

Cost/Revenue and prevent quality and safety risks and provide customers with high-quality products. For detailed responses and management objectives, please refer to the

section 4.1.1 Quality and Safety Management of this Report.

Product and

service safety and quality

We have established a sound quality management system to proactively identify

and developed a comprehensive risk management system to effectively respond

to climate change. For detailed responses and management objectives, please refer to the Fosun International 2025 Climate Information Disclosures Report.

Cost/Risk

Climate change

response

We have identified and assessed the Group's key climate risks and opportunities

We continuously strengthen R&D investment and innovation to drive technological

upgrading and enhance the Group's long-term competitive advantage. Through robust R&D management systems and innovation incentive mechanisms, we have

R&D and identified and assessed opportunities and challenges related to technological

innovation Cost/Revenue innovation, promoting sustainable technology development and digital-intelligent

transformation. For detailed information on the management framework, R&D directions, and innovative achievements, please refer to the section 3. Technology Innovation-Driven of this Report.

Responses and Management Objectives

Financial Impact

Material Issues

Definition

Focus Areas

Goals

Progress made in 2025

IMPACT

Innovation Driven

Empower the industry with technology innovation, address major industry challenges, and drive sustainable business growth.

Diversified products and services

Sustainable products and clean technology

R&D and innovation

Protection of intellectual property

Focus on the development of

business segments such as Health, Happiness and Wealth, create diversified innovation models, and explore cutting-edge fields such as clean technology, so as to become a global innovation-driven consumer group.

1. The R&D expenses amounted to

approximately RMB4,313 million, accounting for approximately 2.5% of revenue. A total of 1,522 authorized invention patents have been acquired.

IMPACT

Mindful Operation

Adopt a responsible approach to business activities, including investment, supply chain, product and service offering, and digital intelligence application.

Product and service safety and quality

Animal welfare Responsible procurement Responsible investment Responsible marketing Customer service and satisfaction Customer privacy and data security

Provide high-quality products and services to global family customers to meet their needs; work together with various partners to build partnerships with complementary advantages and mutual benefits; conduct responsible investment and incorporate the concept of corporate social responsibility into investment and financing decisions.

1. The short-term, medium-term, and long-term goals of quality management for 2024-2031 continued to be pushed forward, with the short-term and medium-term goals having already been achieved.

2. All registered and new suppliers have signed the Fosun Group Supplier Code of Conduct.

3. ESG risk assessments have been conducted on suppliers managed through the digital supply chain platform.

4. The average anti-corruption training hours per person for the Company's suppliers and contractors was approximately 0.5 hour.

IMPACT

People and Partner Oriented

Adhere to the people-oriented philosophy in operations, protecting the rights and well-being of employees, partners and the communities where Fosun operates.

Diversity, equity and inclusion Employment and labor standards Contribution to society Employee health and safety Employee benefits and welfare Employee learning and development

Create a diverse, fair, safe and healthy

working environment, and help employees grow through training and incentives; stay true to the original aspiration of "Contribution to Society", promote globalization and create value.

1. The average training hours per

   person was 62.2 hours.

2. Around 21,000 employees were newly hired.

3. During the Reporting Period, Fosun Foundation's annual expenditure on charitable initiatives surpassed RMB125 million, accumulating to more than RMB1.263 billion of total expenditure since 2012.

IMPACT

Advanced Governance

Set up a compliant, efficient and robust governance system to build trust in operations.

Risk and crisis management

Advanced corporate governance Business integrity and supervision

Conduct business with integrity, rigorously

review corporate governance issues and potential risks, and continuously improve ESG governance capabilities.

1. Achieved 100% coverage in fraud risk

   assessments for the Group's operations.

2. The integrity education has been provided to 100% of the Company's employees, with approximately one hour of integrity training per employee.

3. No major ESG crisis or incident occurred.

IMPACT

Climate and Planet Positive

Implement the green transition, with sustainability initiatives in areas such as climate change response, biodiversity protection, resource utilization and circular economy management.

Waste and pollutants Climate change response Biodiversity protection Water resource management Circular economy

Work with member companies to

advance the implementation of ESG strategies, including carbon neutrality, carbon peaking and energy conservation, to actively promote the sustainable development of the Group.

1. The carbon emissions management

   system and audit standard have been established, the group-wide GHG inventory training sessions were conducted, and the fourth Climate Information Disclosures Report has been compiled.

2. The short-term, medium-term, and longterm goals of EHS management for 2025-2034 continued to be pushed forward.

IMPACT

Transparency

Build social trust by adhering to transparent and truthful disclosure, assurance, data governance and stakeholder communication in sustainable development.

Assurance Disclosure Data governance

Stakeholder engagement

Maintain close and open communication

with all stakeholders and proactively disclose information in a transparent, truthful and accurate manner to further empower the Group's sustainable development through digital management.

1. Since 2021, every ESG report we

   published has been subject to assurance to ensure the transparency and validity of the information.

2. We have identified ten core stakeholder groups that have a close relationship with the Group. Through regular and diversified communication mechanisms, we fully respond to the expectations and demands of our core stakeholders. We also maintain a transparent dialogue with them on the risks and opportunities for sustainable development.

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Approach to Sustainability Work

Advanced Governance

Technology Innovation-Driven

Responsible Operation

People and Partner Oriented

Climate and Planet Positive

Business for Good

We continue to advance Fosun's "Create Impact" sustainable development strategy and integrate it into all aspects of business management, continuously improving related action guidelines and work mechanisms. The "Create Impact" strategy, focusing on six directions, is derived from Fosun's original aspiration and is an important guideline for the long-term ESG practices.