Ensuring the Company’s sustainable development and promoting the upgrade of internal management system| Huabao successfully conducted the 2024 Anti-fraud and Anti-bribery Training

To further enhance the risk prevention awareness of internal employees, regulate their professional behavior, and ensure the sustainable development of Huabao Flavours & Fragrances Co., Ltd. (hereinafter referred to as “Huabao” or the “Company”), Huabao conducted a special training on anti-fraud and anti-bribery on September 29, 2024. The training was conducted in a combination of offline and online ways, where the overview of fraud and bribery theories, typical cases of fraud and bribery, relevant laws and regulations, as well as Huabao's anti-fraud and anti-bribery management system and practices were explained and introduced to the Company's directors, officers, and employees.

Huabao has always attached great importance to anti-fraud and anti-bribery efforts, and has established a long-term early warning mechanism for anti-fraud and anti-bribery. As early as November 2021, Huabao issued the Anti-fraud, Anti-bribery and Reporting Management Rules and the Anti-Fraud and Anti-bribery Management Measures, laying a solid foundation for the Company’s incorruptible operations. In March 2022, the Company successfully passed the ISO 37001:2016 Anti-bribery Management System certification, further demonstrating its determination and achievements in anti-fraud and anti-bribery efforts.

As a modern and international listed company that focuses on consumer needs and is driven by technological innovation, Huabao actively embraces opportunities and challenges in the new development era, and continuously enhances its core competitiveness. The Company actively implements the ESG development strategy, undertakes social responsibilities, attaches great importance to anti-fraud and anti-bribery control in operation and management activities, forbids any fraud and bribery that damages the interests of the Company and the public, and maintains a “zero-tolerance” attitude towards any form of fraud and bribery.

Huabao’s anti-fraud and anti-bribery practices has not only helped the Company shape a good corporate image and protect the legitimate rights and interests of employees, but also facilitate the smooth development of the Company’s international business. This series of effective anti-fraud and anti-bribery measures not only demonstrate the Company's sense of social responsibility and moral commitment, but also create immeasurable value for the Company's long-term development, thereby promoting a win-win situation for both economic and social benefits.

All employees of the Company regard the anti-fraud and anti-bribery management system as the code of conduct for carrying out business, thus jointly maintaining an incorruptible, healthy, fair, and transparent business environment, and ensuring that the Company’s operation and management activities are normal, orderly, legal, compliant, healthy, and sustainable. In the future, Huabao will continue to deepen its anti-fraud and anti-bribery efforts, thus safeguarding the Company’s long-term development.