One Big Team Bulletin Issue 08 2023 EN

Top Stories 12

Top Stories 11

Biostime achieves approval from new national GB standards on four IMF series

H&H launches Sustainability Report 2022

Three major series of our Biostime infant formula have successfully passed the new national standard registration in China: Biostime Pi-Star, Biostime Organic Milk (Healthy Times), Biostime Goat Milk (Cute Betty's Care). These follow the Biostime Alpha Star infant formula series, which was approved in February this year, to

obtain national certification in line with the new regulations. The new national food safety standards for infant formula, led by the National Health Commission in China, came into effect on 22nd February 2023 and see the domestic milk powder industry enter a new stage of high- quality development with quality improvement at its core.

In April, we published our 2022 Sustainability Report. An integral part of our global strategy, last year we made significant strides in accelerating our efforts to deliver on our short- and long-term goals around sustainability. This will enable long-term business growth that benefits our team members, stakeholders, communities, and the planet. Some notable achievements

include the launch of cutting-edge products that support health and wellness for the whole family including pets. In addition, 98% of our packaging is now recyclable, biodegradable or compostable. We've also strengthened our sustainability governance with the launch of an ESG Committee and activated our diversity, equity and inclusion vision for the future.

The full report can be read here

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