小商品城:《2024年度“提质增效重回报”行动方案》(英文版)

Zhejiang China Commodities City Group Co., Ltd.
2024Action Plan for “Improving Quality and Efficiency and Valuing Returns”
In line with the initiative on launching the special action of “improving quality and efficiency
and valuing returns” for companies listed on Shanghai Stock Exchange, the 2024 Action Plan for
“Improving Quality and Efficiency and Valuing Returns” of Zhejiang China Commodities City
Group Co., Ltd. is hereby formulated in order to implement the investor-oriented philosophy,
promote the high-quality development of listed companies and investment value enhancement,
protect the legitimate rights and interests of investors, particularly small and medium-sized
investors, enhance the internal stability of the capital market, and facilitate the healthy
development of the capital market. The details are as follows:
Strategic objectives: Center around the goal of becoming a “world-class comprehensive
service provider for international trade”, continue to improve business performance and
management, boost its core competitiveness, continuously improve the market capitalization
management ability, ensure its sustainable development and maximize the interests of all
shareholders.
Basic principles: Uphold the principles of openness, fairness and impartiality, manage market
capitalization lawfully in accordance with the requirements of true, accurate, complete and timely
information disclosure, and safeguard the legitimate rights and interests of the Company and its
shareholders.
I. Enhance the quality of operations as well as profitability, and develop new quality
productive forces
The Company will continue to reinforce the operation of core businesses and the
fundamentals; gradually divest inefficient and non-performing assets to improve asset quality; and
actively explore new business models and growth areas to form competitive new growth areas. In
2024, the gross merchandise volume (GMV) on the Chinagoods platform will be no less than
RMB 80 billion, and the transaction volume of the new cross-border RMB payment business of
Yiwu Pay will be no less than USD 3 billion.
The Company will move faster to map out planning in the field of artificial intelligence,
promote the innovative application of AI technologies in the commerce industry, and work with
top technology companies such as ModelBest to jointly explore the application scenarios of AI
technology in the field of commerce and trade and to lead the digital transformation of commerce
and trade.
The Company will move faster to build new-type digital infrastructure, make better use of
digital economy to empower commerce and trade, actively study and plan for new opportunities
from data element X, use the Company’s accumulated data resources and capabilities to build a
future “Dow Jones” index cluster in China’s business and trade field, build a new business and
asset portfolio, expand new data products and service models, drive business applications, and
create new quality productive forces.
II. Promote investment and M&Athat meet the needs of the industry
The Company will actively promote investment, mergers and acquisitions in line with the
Company’s long-term development strategy, and enhance its influence in the global supply chain.
III. Boost the capability of managing market capitalization
(I) Increase information disclosure and transparency

The Company was rated Aaccording to the results of the evaluation of information disclosure
by listed companies on the Shanghai Stock Exchange in 2022. The Company will continue to
provide comprehensive and transparent financial reports and market dynamics, and convey the
Company’s value in a reasonable and compliant manner. A special column for investor interaction
is set up on the Company's new website, and the Company responds to market concerns and
investor questions in a timely manner through designated platforms such as SSE e-Interaction.
Investor briefings are held on a regular basis, and activities such as “investors visiting listed
companies” are held to build investors’understanding of and confidence in the Company.
(II) Strengthen investor relations management
This includes transparent and timely disclosure of important information to investors,
proactive interaction with investors and analysts, quick response to media reports and proactive
release of company news, advance crisis response strategies and training of communication teams,
and continuous improvement and learning to improve relationship management capability.
IV. Follow regulatory requirements to ensure compliance
The Company will uphold standardized operations, improve the internal control system and
risk management system, strengthen in-house training, and guard against misconduct such as
market manipulation and insider trading.
V. Increase long-term returns
The Company plan