Innovation Enterprises (02788.HK) Establishes Environmental, Social and Governance Committee

Gelonghui March 17 — Innovation Industrial (02788.HK) announced that to meet the company’s high-quality development needs, improve environmental, social, and governance (“ESG”) management levels, enhance the company’s core competitiveness, and sustainable development capabilities, the Board of Directors approved the establishment of the Environmental, Social, and Governance Committee (“ESG Committee”) on March 17, 2026. At the same time, to further improve the ESG management system, the Board established an ESG Working Group under the ESG Committee.

The ESG Committee is responsible for researching and providing recommendations on the company’s long-term development strategies, risks, and major decisions related to ESG, guiding the formulation of ESG strategies, and supervising ESG management matters. The ESG Committee consists of four members. The Board has appointed Executive Director Cao Yong as the Chair of the ESG Committee, with Executive Director Zhang Jianxiang, Senior Management Guo Wei, and Independent Non-Executive Director Shen Lingyan serving as members.

The ESG Working Group is responsible for coordinating and implementing ESG-related risk identification, management, information disclosure, and decision support in accordance with the strategic planning and management requirements of the ESG Committee. The Working Group mainly comprises professional talents from the group, ESG leaders from each member company, and heads of relevant departments for various topics, working across functions to carry out ESG work.