Society

Enhance Occupational Health and Safety Management for Employees

To reduce our operational carbon footprint and accelerate our energy transition, we have made substantial investments in photovoltaic (PV) power generation projects.

Qingdao Wancheng Anchor Chain Co., Ltd., as a key enterprise in the shipbuilding and marine engineering industry, recognizes that employee occupational health and safety (OHS) is the cornerstone of sustainable corporate development. Since 2019, the company has steadily increased its investments to strengthen its safety management system, improve employee well-being, and enhance compliance through international standard certifications.

Since 2019, Wancheng Anchor Chain has invested approximately 1 million yuan annually in upgrading and automating equipment to reduce labor intensity and minimize workplace accidents. The company provides employees with safety helmets, dust masks, goggles, and other protective equipment, with compliance rates steadily improving. Annual occupational health examinations and pre-employment medical screenings are conducted, while personal protective equipment is distributed on a regular basis. Environmental monitoring is also carried out around the factory perimeter to ensure a safe and compliant working environment. Over the past five years, the company’s workplace accident rate has consistently remained below the industry average, with a hazard rectification rate reaching 98%.

The company prioritizes employee safety and has obtained ISO 45001 certification.

“Safety First”: Integrating safety awareness into daily training.

Standardized Safety Signage: Strengthening the Frontline of Workplace Safety

Regular Fire Drills: Enhancing Emergency Response Capabilities

Caring for Employee Health: Annual Occupational Health Examination

Implement comprehensive employee competency development and training programs

Qingdao Wancheng Anchor Chain Co., Ltd. fully recognizes that human resources are the foundation of the company’s core competitiveness. Through systematic and comprehensive employee capacity-building and training programs, the company aims to continuously enhance professional skills, strengthen organizational resilience, and effectively support the implementation of its ESG strategy. A multi-tiered training system has been established, covering new hires, existing employees, and technical specialists, thereby providing strong talent support for achieving green intelligent manufacturing and sustainable development objectives. The following sections present the current practices, international best practices, and plans for further implementation.

Current situation and preliminary measures include:

Training Coverage: The company currently employs over 400 staff members, achieving 100% training coverage. A diverse range of training formats is adopted, including external team training (industry seminars), internal specialized courses (anchor chain production techniques), expert lectures by project teams (new technology sharing), and new employee onboarding training (product knowledge and safety protocols). Through a systematic and multi-tiered training system, the company continuously enhances employees’ professional competencies and overall capabilities.

Training Scale and Frequency: The company provides an average of approximately 40 training hours per employee annually, reaching a total of around 4,000 training participants each year. In 2024, an additional 10 hours of specialized ESG training will be introduced with 100% coverage, focusing on carbon emissions management and social responsibility to further strengthen employees’ sustainability awareness and capabilities.

Empowering All Employees: Building a Multi-Tiered Training System

Mentoring and Guidance: Hands-On Training by Technical Experts (I)

and Guidance: Hands-On Training by Technical Experts (II)

Employee Wellness: Annual Occupational Health Checkups

Vital Team: Work-Life Balance

Operational Excellence and 5S Management

We regard 5S as the cornerstone of operational excellence. It ensures safety (S), enhances efficiency (E), and embodies the company’s commitment to lean governance (G).

Qingdao Wancheng Anchor Chain Co., Ltd., as a key enterprise in the shipbuilding and marine engineering industry, fully recognizes that factory 5S management (Sorting, Straightening, Sweeping, Standardizing, and Sustaining) is a vital element for enhancing production efficiency, optimizing resource utilization, and ensuring operational safety. The company has fully integrated the 5S philosophy into daily operations by establishing standardized workflows and regular inspection mechanisms. These efforts have significantly improved the workshop environment and production order, driving continuous improvement in on-site management. The following sections outline the current practices, international benchmarks, and plans for further implementation.

Current Situation and Preliminary Measures:

Integration of 5S into Management: The 5S system has been implemented across all production workshops, with specific measures including:

Sorting (Seiri): Remove unnecessary tools and materials, reducing idle items in the workshop by 30%.
Organizing (Seiton): Implement designated locations for tools and materials with clear labeling, reducing search time by 20%.
Cleaning (Seiso): Daily cleaning schedule implemented, achieving 95% compliance with dust control standards.
cleaning standards, with workshop hygiene inspections passing at a 90% rate.
Discipline (Shitsuke): Employee training covering 5S knowledge achieved 100% participation, averaging 10 training hours annually.

5S Workplace: Pursuing Excellence Through Standardized Management

Organization and Placement: Enhancing Space Utilization and Work Efficiency

Continuous Improvement: Extend the 5S principles to all production areas.

Supporting community co-creation and shared prosperity

We firmly believe that corporate growth is inextricably linked to community prosperity, and we are committed to becoming an outstanding corporate citizen that is truly cherished by our community.

Qingdao Wancheng Anchor Chain Co., Ltd., as a key enterprise in the Qingdao region, adheres to the philosophy of “mutual prosperity between corporate development and social welfare.” The company actively engages in community co-prosperity initiatives and earnestly fulfills its corporate social responsibility (CSR). By supporting local economic development, creating quality employment opportunities, and responding proactively to public crises, the company has built a strong reputation as a responsible corporate citizen within the community. Looking ahead, Qingdao Wancheng plans to draw on international best practices to deepen community collaboration, enhance its contribution to local development, and further expand its social impact. The following sections outline the current initiatives, international benchmarks, and future implementation plans.

Qingdao Wancheng Anchor Chain has undertaken the following actions:

Pandemic Support: During the COVID-19 pandemic from 2020 to 2022, the company donated approximately 100,000 yuan in cash and supplies, including masks and disinfectants, benefiting over 500 households in surrounding villages. All donations were distributed by the company’s employee volunteer team, achieving 100% coverage and receiving formal recognition from local authorities.
Rural Revitalization Contributions: Qingdao Wancheng Anchor Chain Co., Ltd. actively supports Qingdao’s rural revitalization strategy, continuously fostering local economic growth and job creation. The company provides over 100 employment opportunities for rural residents across production, logistics, and administrative positions, accounting for 25% of its total workforce. Each year, approximately 50 local workers receive structured training programs, achieving a skill enhancement rate of over 80%. In addition, the company contributes around 3 million yuan in total annual wages to these employees, effectively boosting rural household incomes and stimulating community economic vitality.
Infrastructure Support: The company actively contributes to community infrastructure development by sponsoring road repairs and public facility improvement projects in nearby villages. With a total investment of approximately 50,000 yuan, these initiatives benefit around 2,000 residents. All projects are supervised by village committees and have achieved a 100% completion acceptance rate, effectively improving local transportation and community living conditions.
Economic Contribution: As a key pillar of the local economy, the company contributes over 5 million yuan in annual tax revenues, strengthening local public finances. It actively drives the growth of surrounding small and medium-sized enterprises, creating industrial synergies. Through its supply chain and supporting service networks, the company indirectly generates approximately 200 jobs, making a positive contribution to regional economic prosperity.
Community Engagement: The company regularly organizes employee volunteer activities, such as tree planting and community cleanup campaigns, with over 500 annual participations. These ongoing initiatives strengthen the company’s connection with the local community while fostering employees’ sense of social responsibility and community cohesion.