Jiangsu Boqian New Materials Stock Co., Ltd.
Social Responsibility Report
CONTENTS
Building a Strong Producing Exceptional
Opening Governance Foundation Products
About this Report 03 Corporate Governance 13 Product Quality 29
Chairman's Message 05 Investor Relations 17 Customer Service 32
Introduction to the Company 07 ESG Management 18 Innovation-Driven Development 34
Risk Internal Control 22 Intelligent Manufacturing & Data Security 38
Business Ethics 24 Supply Chain Security 44
Safeguarding the Green Sharing Development
Conclusion Environment Achievements
Key Performance Table 81 Environmental Compliance and Employee Rights and Benefits 67
Indicator Index 83 Ecosystem Protection 49 Health and Safety 70
Feedback from Readers 87 Energy and Addressing Climate Change 53 Employee Growth 73
Pollution Prevention and Control 57 Empowering Society 79
Resource Utilization 62
Building a Strong Producing Exceptional Safeguarding the Sharing Development
Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Opening
About this Report Addressing and Representation
the Company, Boqian,
Refer to Jiangsu Boqian New Materials Stock Co., Ltd.
Boqian New Materials
This report is the first annual Environmental, Social, and Governance (ESG) report released by Jiangsu Boqian New Materials
Stock Co., Ltd. for stakeholders. The report details the Company's practices and performance in the fields of environment, Guangxin Nano Refer to Ningbo Guangxin Nano Materials Co., Ltd.
society, and governance in 2024, aiming to effectively communicate with stakeholders and systematically address their
expectations and demands. Guidelines No. 14 of Shanghai Stock Exchange for Self-regulation of Listed
Guidelines No. 14 of SSE Refer to
Companies - Sustainability Report (Trial)
Guide No.4 for Self-Regulatory Supervision on Listed Companies of the SSE
Guide No. 4 of SSE Refer to
— Compilation of Sustainable Development Reports
RMB, RMB 10,000 and Renminbi 1 Yuan, Renminbi 10,000 Yuan and Renminbi 100 million Yuan,
Reporting Period RMB 100 million
Refer to
respectively
Reporting Period Refer to Year 2024
For the period from January 1, 2024 to December 31, 2024, certain aspects of the Report are moderately extended to
surrounding years to enhance comparability and foresight.
Information Sources
Basis for Preparation
The data used in this Report is sourced from the Company's actual operational data, publicly available government data, annual
financial data, internal relevant statistical reports, third-party survey questionnaires, and third-party evaluation interviews. The
• Guidelines No. 14 of Shanghai Stock Exchange for Self-regulation of Listed Companies - Sustainability Report (Trial) financial data in this Report is presented in CNY. In case of any discrepancies with the financial report, the financial report shall
prevail.
• Guide No.4 for Self-Regulatory Supervision on Listed Companies of the SSE — Compilation of Sustainable Development
Reports
• Sustainable Development Goals (SDGs): A Corporate Action Guide
• GRI Standards
Access to the Report
• Practical Guide to Sustainability Reporting of Listed Companies by China Association for Public Companies
• CASS-ESG 6.0
The electronic version of this Report can be accessed on the Shanghai Stock Exchange website (http://www.sse.com.cn).
Building a Strong Producing Exceptional Safeguarding the Sharing Development
Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Dear investors, partners, employees, and friends from all walks of life,
Chairman's Message 2024 was a year brimming with Boqian New Materials' relentless efforts to forge ahead towards high-quality development. As a pioneer
in the field of new nano-metallic materials for electronic components, we are deeply aware that every technological breakthrough carries
the mission of industrial upgrading, and every innovative achievement bears the responsibility of revitalizing national industries. At this
pivotal moment of the "14th Five-Year Plan", Boqian New Materials remains steadfast in its commitment to "making the world more
low-carbon and life more beautiful". We integrate technological innovation and green development into our corporate DNA, not only
achieving our own high-quality growth but also contributing Boqian's wisdom to the progress of the industry. This report is not only a
review of our efforts over the past year, but also a sincere dialogue with all partners who care about the growth of Boqian New Materials
- a solemn commitment to responsibility and accountability.
Innovation Empowerment?
Boqian New Materials continuously explores cutting-edge technologies, with focuses on the core business of ultrafine nano-metallic
materials for electronic components. We develop and design products tailored to the needs of diverse consumer groups worldwide,
while driving industry transformation orderly. Our achievements, from the independent development of high-performance capacitor
electrode nickel powder to the drafting and formulation of China's first industry standard for nickel powder used in capacitor electrodes
and to passing the "Jiangsu Fine Product" certification, all reflect our R&D team's relentless dedication, showcase our perseverance
and hard work spirit and present our unwavering commitment to the core values of "Persistence, Integrity, Pragmatism, Responsibility,
Innovation, and Sharing". By the end of 2024, the Company holds a total of 164 valid authorized patents.
The ultimate value of technological innovation lies in serving society. Boqian New Materials is enabling breakthroughs in "lightweighting
and miniaturization" applications in consumer electronics, new energy vehicles, communication equipment, aerospace, etc, and is
accelerating the validation work of energy storage materials and precious metal substitutes. In the future, we will continue to increase
investment in technological innovation, strengthen cooperation with globally renowned semiconductor and peripheral electronic device
companies, deepen the industry-academia-research integration, rely on provincial postdoctoral workstations and municipal enterprise
technology R&D centers, and other platforms, attract professional scientific and technological personnel from home and abroad to
join the Company and continuously deepen cooperation with many well-known higher education institutions and research institutes
nationwide to accelerate the transformation of scientific and technological achievements into tangible productive forces and promote the
sustainable development of the Company.
Green Development?
Guided by the "carbon peaking and carbon neutrality" goals, Boqian New Materials regards green development as an essential
commitment to coexisting harmoniously with the ecosystem. We adhere to the action guidelines of "complying with regulations,
preventing pollution, saving energy and reducing consumption, and making continuous improvement", aiming to make green a
fundamental principle for the high-quality development of the Company. The Company has been awarded the title of provisional
"Green Leading Enterprise", and its subsidiaries have received honors such as provincial "Green Factory" and provincial "Water-
Saving Enterprise". These are the tangible results Boqian has delivered in embodying the concept of green development. In 2024, we
invested a substantial amount of funds in environmental protection. We fully utilized clean energy, with an annual power generation
from our photovoltaic systems exceeding 3.36 million kWh. We have surpassed the energy conservation target, with the Suqian base
saving 1.5198 million kWh in annual energy consumption compared to the target, and the Ningbo base saving 5.608 million kWh in
annual energy consumption compared to the target. Additionally, we have advanced green manufacturing through digitalization and
intelligentization, leading to the Company's recognition as a Jiangsu Province Intelligent Manufacturing Workshop and enabling more
efficient and cleaner production.
As a pioneer in the new materials industry, we will continue to explore low-carbon technologies to develop greener production process
of nano materials, while contributing to the harmonious coexistence of humanity and nature.
王利平 董事长 People-oriented Philosophy?
Employees are the most valuable asset of Boqian New Materials. We adhere to the "people-oriented" philosophy, striving for excellence
Wang Liping, Chairman of in links including talent selection, development, utilization, and retention. Through the "one-person-one-salary" compensation strategy
江苏博迁新材料股份有限公司
Jiangsu Boqian New Materials Stock Co., Ltd. and a multi-channel promotion system, we provide a growth platform for every employee. At the same time, we focus on cultivating
win situation between business development and employee growth.
Boqian moves forward with talents as the guiding force, and empowers talents to venture far with the oar of growth. In collaboration
with renowned domestic research institutes, we have established a postgraduate internship base and launched the annual "Boqian
Scholarship" to support the growth of scientific talent and sow the seeds of hope for the future of the industry.
Standing at this new starting point, Boqian New Materials will remain innovation-driven and responsibility-guided. In the new nano
materials field, we will relentlessly push boundaries, champion co-creation, and keep sharing. Our ultimate mission is to forge a
century-old enterprise that leads through innovation, thrives on technology, and is respected by all. Moving forward, we will further
refine corporate governance, strengthen ESG management, and repay every partner who trusts Boqian with better products, greener
production, and warmer commitment.
Finally, we extend our heartfelt gratitude to our investors for their trust, our partners for their support, our employees for their
dedication, and all sectors of society for their supervision. No single step of Boqian's growth could have been taken without your
company. Let us move forward hand in hand, harnessing the wisdom of technology and the spirit of responsibility, to co-create a
brighter future!
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Introduction to The Company
Company Profile
Products
Jiangsu Boqian New Materials Stock Co., Ltd., founded in 2010, is a national high-tech enterprise integrating the R&D,
production and sales of high-end nanometer metal powder materials, and one of the pioneers in the R&D and industrial The Company's current product range includes
application of nanometer materials in China. It has seven domestic and foreign subsidiaries and branches. nano-grade and submicron nickel powder,
submicron and micron copper powder, silver
Since its establishment, the Company has been committed to the prospective development of nano-metallic materials. With a powder, silver-coated copper powder, and
professional R&D team, it aims to provide customers with lightweight and miniaturization product overall plan. The new materials a l l o y p o w d e r. T h e s e p r o d u c ts a r e w i d e l y
developed by the Company have good application prospects in consumer electronics, automotive electronics, communications, used in electronic components, new energy,
industrial automation, aerospace and other fields. semiconductor and other fields, providing
The Company uses physical vapor deposition (PVD) at atmospheric pressure to prepare submicron metal, a technology that key material support for sectors such as
has filled a crucial gap in domestic industrialization. As the sole drafting unit, the Company established China's first industry consumer electronics, automotive electronics,
standards for nickel powder for capacitor electrodes and currently leads the world in the large-scale production and commercial communication, industrial automation, aerospace,
sales of high-end metal powder materials for nanoscale electronic equipment. among others. Leveraging advanced material
technology, the Company's products significantly
promote the miniaturization and high-frequency
development of electronic components,
help achieve cost reduction and efficiency
improvement in sectors like photovoltaics
and clean energy, and notably enhance the
performance of new energy battery materials.
With its leading technology and large-scale
production capability, The Company has become
a key supplier in the global high-end metal
powder market, continuously driving innovation
Company Culture and upgrading of the industrial chain.
To become a To make the world Persistence, Integrity,
respected centennial more low-carbon Pragmatism,
enterprise leading and life more Responsibility,
in innovation and beautiful Innovation, and
driven by technology Sharing
Vision Mission Core Values Product SEM Photographs
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Development History
• The construction of the • "Capacitor electrode nickel powder" was
New Materials Industrial certified as a "Jiangsu Fine Product".
Park Second Phase Project • The Company's research
started. and development center was • The Company was rated as Jiangsu
• "Capacitor electrode nickel powder" was recognized as a Province Five-Star Cloud Enterprise.
• Wholly-owned subsidiary recognized as Provincial "specialized and new" product in Jiangsu Province.
of Ningbo Guangxin Nano Technical Center, Jiangsu • The Company was rated as Jiangsu
Province Nano Metal Powder • The "300nm silver powder" was identified as a "Jiangsu Province Intelligent Manufacturing
Materials Co., Ltd. was Provincial New Product".
established formally. Research and Development Workshop.
Engineering Center. • The Company's subsidiary Guangxin Nano was recognized • Silver-coated copper powder products
• The project "R&D and as "the province's pilot demonstration enterprise for the
• The Group Chairman Industrialization of Nano • The Company has completed • The Company drafted and were selected in the "First Batch of
the shareholding system formulated the industrial integration of new generation information technology and Recommended Catalog for Key New
• The New Materials Industrial Wang Liping was elected Nickel Powder for Internal manufacturing industry" by Zhejiang Province.
Park was established in as the deputy of the 12th Electrodes of High-capacity transformation and changed standard of Nickel Powder Material Applications" in Zhejiang
Suyu District, Suqian City, National People's Congress, Chip Ceramic Capacitors" its name to "Jiangsu Boqian for Capacitor Electrode. • The first phase of "electronic special high-end metal powder Province.
Jiangsu Province. Jiangsu who offered advises and was included in the Jiangsu New Materials Co., Ltd.". • The Company was awarded material production base construction and relocation and • The Company's subsidiary Guangxin
Boqian New Materials suggestions for the economic Province Major Scientific and • The Company was as National Intellectual upgrading project" was completed and put into production. Nano was approved as a "Ningbo
Co., Ltd. was established development of Jiangsu Technological Achievements recognized as National High- Property Advantage • Ningbo Guangqian Electronic Material Co., Ltd. was Enterprise Technology Research and
formally. Province. Trans-formative project. Tech Enterprise again. Enterprise. established. Development Center".
• The construction of the New • The Company was • The construction of the New • The Company expanded • The Group Chairman Wang • The Company • The Company was • The Company's subsidiary Guangxin Nano was
Materials Industrial Park First recognized as a National Materials Industrial Park its ultra-fine metal powder Liping was elected as the was publicly recognized as national recognized as "National High-tech Enterprise".
Phase Project started. High-Tech Enterprise. Third Phase Project started. production line. deputy of the 13th National listed on the specialized and new "little • The Company was recognized as "National Intellectual
• The Company was awarded • The Company was awarded People's Congress. Shanghai Stock giant" enterprise. Property Demonstration Enterprise" by China National
as "Advance Unit of as "Jiangsu Province • The Company was rated as Exchange. • The Company's Intellectual Property Administration.
Technological Innovation", Informatization and Jiangsu Province Gazelle subsidiary Guangxin • The Company was recognized as "Excellent
"Advance Unit of Operation Industrialization Integration Enterprise. Nano was recognized Enterprise" by Jiangsu Provincial Party Committee and
Management" in Suqian City. Transformation Upgrading as "Green Factory in Jiangsu Provincial People's Government.
• The project "Nano Demonstration Enterprise". Zhejiang Province".
• The Company was recognized as "Green Factory" by
Metal Powder Research • The Company was awarded • The Company was rated Industry and Information Technology Department of
and Development and as "Primary Jiangsu as Jiangsu province Jiangsu.
Industrialization" was Province Demonstration quality credit AA level
included in the Jiangsu Intelligent Workshop". enterprise. • The Company was rated as a "Green Leading
Province Industrial Enterprise" by Jiangsu Development & Reform
• "Ag Powder", "180nm Nickel Commission.
Strengthening Basis powder" were identified
Disciplines Special Action as Jiangsu Provincial New • The Company's trademark was recognized as
Plan. Products. "Thousand Enterprises and Hundred Cities Brand
Trademark".
Governance Foundation
The Company has always adhered to improving the Company's governance structure, ensuring
the standardization and effectiveness of governance through the operation of the three corpo-
rate meetings. The Company regularly communicates with shareholders and investors, promptly
discloses information, engages in shareholder meetings, and fully considers shareholders'
opinions. Meanwhile, the Company continuously optimizes its internal control and risk manage-
ment mechanisms, upholding the principles of integrity management and fair dealing, so as to
ensure the smooth operation of the Company and create value for shareholders.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Corporate Governance Board of Directors
The convening, proposal, notification, attendance, proceedings, voting, resolutions, and minutes of the Board of Directors are
In accordance with relevant laws, regulations, and normative documents such as the Company Law and Securities Law, the
strictly implemented in accordance with relevant laws, regulations, the Articles of Association, and the Rules of Procedure for the
Company has established the Articles of Association.
Board of Directors. Directors diligently fulfill their directorial duties and exercise their directorial rights in accordance with the law.
On the other hand, it has formed a corporate governance framework consisting of the General Meeting of Shareholders, Board The specialized committees of the Company's Board of Directors fulfill their responsibilities as per the Articles of Association
of Directors, Board of Supervisors, and senior management. This structure ensures a mechanism of clear division of rights and the work system of the corresponding specialized committee.
and responsibilities, standardized operations, and mutual coordination and checks-and-balances among the power, decision-
The specialized committees of the Board of Directors provide valuable opinions on the audit of the Company's business
making, supervisory, and management bodies. The General Meeting of Shareholders, Board of Directors, Board of Supervisors,
performance, supervision and inspection of internal control systems, performance assessment and salary design of senior
and management have distinct rights and responsibilities, effectively safeguarding the overall interests of the Company and the
executives, thereby enhancing the scientificity and efficiency of the Board of Directors' decision-making.
legitimate rights of all shareholders, especially small and medium-sized shareholders.
Company Structure Board of Supervisors
The convening, proposal, notification, attendance, proceedings, voting, resolutions, and minutes of the Board of Supervisors
General are strictly implemented in accordance with relevant laws, regulations, the Articles of Association, and the Rules of Procedure
Meeting of for the Board of Supervisors. The supervisors diligently perform their supervisory duties and exercise their supervisory rights
Shareholders
in accordance with the law. The Board of Supervisors effectively supervises the work of the Board of Directors, the behavior of
senior executives, major production and business operation decisions of the Company, the execution of related transactions, the
Board of Strategy Committee
Supervisors formulation of key management systems, the investment direction of major projects, among other matters.
The Company aims to standardize governance and promptly revise or establish relevant management systems in accordance
with the latest regulatory laws, normative guidelines, and the actual situation of the Company, thereby ensuring a solid
Audit Committee
Secretary of the Board of management foundation and continuously improving the construction of its institutional system. During the reporting period,
Board of Directors Directors the Company organized the revision or establishment of important governance systems such as the Articles of Association,
Independent Director Work System, Work System for Special Meetings of Independent Directors, and Information Disclosure
Remuneration and Deferral and Exemption Affairs Management System, consolidating the Company's standardized governance foundation.
Appraisal Committee
To strengthen the effectiveness of governance and enhance the level of scientific decision-making, the Company actively promotes
General the diversified construction and independence enhancement of the Board of Directors. During the selection of Board members, the
Manager Company comprehensively considers factors such as gender, age, educational background, skills, knowledge, and professional
Nomination Committee
experience, ensuring diversity across fields such as chemical industry, accounting, law, among others. This multi-field coverage injects
innovative energy for strategic planning from a cross-disciplinary perspective, solidifying the foundation for the Company's sustainable
development. Additionally, based on adherence to the Independent Director Work System, the Company formulated the Work System
for Special Meetings of Independent Directors, clearly defining the critical functions of independent directors in supervision, risk
control, and decision-making, ensuring their independence, enhancing the efficiency and quality of Board meetings and decisions,
Deputy
Deputy General
Chief
Ningbo effectively safeguarding shareholder rights and interests, and increasing governance transparency.
General Financial
Manager Branch
Manager Officer
Key Performance
Securities Quality Production
Administration Marketing Financial Audit
Affairs R&D Center Control Planning
Center Center Center Department
Department Center Center
During the reporting period, the Company's Board of Directors comprised 9 members, including 1
female director and 3 independent directors.
General Meeting of Shareholders
Throughout the reporting period, the Company held a total of 4 general meetings of shareholders, 8
The convening, proposal, notification, attendance, proceedings, voting, resolutions, and minutes of the General Meeting of meetings of Board of Directors with a 100% attendance rate of directors, and 8 meetings of
Shareholders are strictly implemented in accordance with relevant laws, regulations, the Articles of Association, and the Rules of Board of Supervisors.
Procedure for the General Meeting of Shareholders. Shareholders diligently fulfill their shareholder obligations and exercise their
shareholder rights in accordance with the law.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Professional knowledge and Special committee Main job responsibilities Personnel composition
Main experiences
skills
Name Position Sex Age
• One company director and
• It is responsible for reviewing the Company's financial
Industry Finance Law Industry Finance Law Audit Committee of two independent directors,
information and its disclosure, supervising and
the Board of with the chairman being an
evaluating internal and external auditing work and
Directors independent director with
internal controls.
Wang Chairman of the 64 an accounting background.
Liping Board √ √ √ Male
years old
Chen Director and 68 • It is responsible for formulating the selection criteria • One company director and
Gangqiang General Manager √ √ Male
years old
Nomination
and procedures for directors and senior executives, two independent directors,
Committee of the
selecting and reviewing the qualifications of director with the convener being an
Board of Directors and senior executive candidates. independent director.
Director and
Jiang Yilong Deputy General √ √ Male
years old
Manager
Qiu Oute Director √ √ √ Male
years old
Remuneration and • It is responsible for formulating the appraisal criteria
for directors and senior executives and conducting
• One company director and
Appraisal Committee two independent directors,
appraisals, as well as developing and reviewing
of the Board of with the convener being an
remuneration policies and schemes for directors and
Zhao 43 Directors independent director.
Dengyong
Director √ √ Male
years old
senior executives.
Jiang Ying Director √ √ √ Female
years old • It is responsible for conducting research on the
company's long-term development strategic planning
and making suggestions, as well as studying and
• Two company directors and
Yang Independent 45 Strategy Committee providing recommendations on significant investment
√ √ Male one independent director,
Hongxin Director years old of the Board of and financing proposals, major capital operations,
with the chairman also
Directors asset management projects, and other significant
serving as the convener.
matters affecting the company's development requiring
Independent 47 approval by the Board of Directors as per the Articles
Leng Jun
Director √ √ Male
years old of Association.
Jiang Independent 43
Suting Director √ √ Male
years old
Key Performance
The Company organized directors, supervisors, and senior executives to participate in both online and offline compliance
series training organized by the Shanghai Stock Exchange, China Association for Public Companies, and Jiangsu Association
for Public Companies. This initiative helps the Company understand the latest regulatory trends and legal changes and
strengthen the compliance awareness and performance capabilities of the Board of Directors, Board of Supervisors and senior During the reporting period, the Company held a total of Audit Committee meetings,
management.
Remuneration and Appraisal Committee meeting, and Strategy Committee meeting.
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Investor Relations ESG Management
The Company has established a comprehensive information disclosure system, strictly adhering to the Measures for the
Administration of Information Disclosure by Listed Companies, and formulating the Information Disclosure Management System
Stakeholder Communication
to regulate information disclosure procedures and the Company's external information disclosure practices. The Company
diligently fulfills its information disclosure obligations to ensure the authenticity, accuracy, completeness, timeliness, and fairness Extensively listening to the opinions of stakeholders is one of the crucial safeguards for the sustainable development
of external information disclosure, so as to protect the legitimate rights and interests of the Company and investors. of a company. The Company actively listens to the suggestions and expectations of stakeholders regarding
sustainable development through various communication channels to ensure effective communication with key
In compliance with regulatory requirements and operational realities, the Company updates the Investor Relations Management
stakeholders.
System to enhance the professionalism of investor relations management. Additionally, the Company has established a
mechanism for daily communication with investors, maintaining efficient communication with them through diversified channels
to safeguard investors' right to information and demonstrate a positive image of the Company in the capital market. Through
channels such as general meetings of shareholders, performance briefings, brokerage strategy meetings, investor hotlines,
on-site institutional research, and the exchange interactive platform, the Company strengthens investors' understanding of the
Company's main business, production operations, and others, effectively responding to queries from investors and potential Stakeholders Concerns and Expectations Communication Channels
investors and promptly conveying the Company's value.
Key Performance • Due diligence
• Stakeholder communication • Government research
• Anti-commercial bribery and anti-corruption
• Anti-unfair competition • Compliance inspection
• Corporate governance • Regular meeting exchange
During the reporting period, the Company issued a total of exchange announcements, held Government and • Pollutant emission
regulatory agencies • Waste disposal • Participating in government
regular performance briefings to help investors better understand the Company's operational status, • Environmental compliance management cooperation, exchange and
• Equal treatment of SMEs discussion activities
financial performance, and future development plans. Leveraging the SSE E-interactive, the Company
• Rural revitalization
responded to investor queries, with topics covering various aspects such as product sales and
major application directions. The Company actively conducted on-site research and hosted reception
events for institutional investors. • Information disclosure
• Operation by Board of Shareholders,
Since its listing, the Company has maintained annual cash dividends and actively shared operational • Corporate governance
Board of Directors, and Board of
• Stakeholder communication
achievements with investors. During the reporting period, the Company implemented the profit distribution Shareholders and • Anti-commercial bribery and anti-corruption
Supervisors
• Performance briefing
investors • Innovation-driven development
plan for the year 2023, distributing a cash dividend of RMB (tax-inclusive) per shares • Investor service hotline
• Company research
to all shareholders, totaling a cash dividend of RMB million (tax-inclusive). The
Company also conducted its first mid-year dividend distribution, with a cash dividend of RMB 3.20 • Innovation-driven development
(tax-inclusive) per 10 shares to all shareholders, totaling a cash dividend of RMB 83.712 •
•
Supply chain security
Product and service safety and quality
• Communication and collaboration
million (tax-inclusive). • Data security and customer privacy
with customers
protection
• Customer satisfaction survey
• Addressing climate change
• Technical seminars
Customers • Energy utilization
• Daily communication with customers
• Utilization of water resources
• Confidentiality of client information
• Circular economy
• Anti-commercial bribery and anti-corruption
• Anti-unfair competition
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Stakeholders Concerns and Expectations Communication Channels
Analysis Process for Materiality
• Anti-commercial bribery and anti-corruption Learn about company Assess and rank Determine and report
Identify ESG topic
activities and business the materiality of on the materiality of
• Anti-unfair competition library
• Employee training relationships topics topics
• Employee rights protection
• Working meetings
• Occupational health & safety
• Staff symposium • Learn about company • Use topics identified • Identify the results of • Determine or adjust the
• Employee training and development
Employees • Employee satisfaction survey activities and business in Guidelines as a impact materiality and results of materiality
• Data security and customer privacy
• Employee activities relationships baseline, and identify financial materiality topics in combination
protection other potential materiality assessments through with the opinions of the
• Social contribution • Understand the external
topics with reference to questionnaires, inter- management
objective environment
peer companies, rating views, etc.
• Disclose in the annual
• Learn about the main standards, etc.
• Integrate the assess- ESG report in accordance
affected stakeholders
• I d e n t i f y t h e i m p a c t , ment results to form a with the requirements of
• Supply chain security • Supplier management and auditing risks and opportunities materiality matrix the Guidelines
• Equal treatment of SMEs • Supplier training and empowerment related to the topics, and
• Product and service safety and quality • Supplier communication and summarize them to form
Suppliers and a company topic library
• Anti-commercial bribery and anti-corruption exchange
business partners
• Anti-unfair competition • Supplier conference
• Anti-unfair competition During the reporting period, the Company extensively sought opinions from various stakeholders through questionnaire surveys.
• Environmental protection activities
• Addressing climate change Based on the dimensions of "financial materiality" and "impact materiality", the Company compiled a double materiality matrix for
• Industry conferences and exhibitions
• Rural revitalization the year 2024. This matrix identified 6 topics with double materiality, 9 topics with only financial materiality, and 1 topic with only
Community and • School-enterprise cooperation
• Social contribution impact materiality.
industry • Public welfare activities
• Innovation-driven development
• Rural revitalization
• Social contribution
• Innovation-driven development
• Information disclosure
• Equal treatment of SMEs
• Communication interviews
• Product and service safety and quality
Media • Wechat official account platform
• Circular economy
• Addressing climate change
• Stakeholder communication
Materiality Topics Analysis
To fully understand the focus areas of stakeholders and better integrate their demands and expectations into the Company's
sustainable development management practices, the Company conducts identification and analysis of material topics. By
analyzing the Company's activities and business relationships in-depth, the Company identifies an ESG topic database and
conducts widespread stakeholder opinion surveys to prioritize the materiality of topics. The Company gives priority consideration
to risks that could significantly impact business WeChat, harm the Company's reputation, or are of utmost concern to
stakeholders. This prioritization enables the Company to effectively allocate resources, develop mitigation strategies for most
material risks, and better manage ESG-related matters.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Materiality Matrix of The Company
Risk Internal Control
Scientific and effective risk management and internal control systems are the cornerstone of a company's sound operation and
customer privacy protection
conduct internal control risk assessments from the perspectives of financial management, procurement management, human
across the entire value chain.
Materiality to economic, social, and environmental impacts
this system supervises and evaluates the financial income and expenditure, asset quality, and operational performance of the
Company and its subsidiaries. The Audit Department reports to the Audit Committee at least quarterly and submits an internal
control assessment report per year. Actions violating the system are disciplined or penalized, and upon approval by the Board of
Directors, the system is enforced.
anti-corruption
Board of • Accept objections raised by audited units regarding audit decisions and
gain or leaking confidential information) based on the severity of the
misconduct.
• Set up the Audit Department and guide it to work independently,
guaranteeing that the Audit Department is not subordinate to the Finance
Department or co-located with it.
Audit Committee
• Approve the Audit Department's authority to inspect financial records and
matters.
• Conduct audits of the financial transactions, operational performance, and
internal control systems of the Company and its subsidiaries.
Materiality to finance of the Company
Audit Department • Monitor audited units to ensure corrective actions are implemented and
conduct follow-up audits on critical projects.
• Halt non-compliant activities, recommend accountability measures, and
Governance Environmental Social track improvement outcomes.
• 1. Due diligence* • 6. Addressing climate change • 13. Rural revitalization
• 2. Communication with • 7. Pollutant emissions • 14. Social contribution
stakeholders • 8. Waste disposal* • 15. Innovation-driven
• 3. Anti-commercial bribery • 9. Environmental compliance development*
and anti-corruption management • 16. Supply chain security*
• 4. Anti-unfair competition • 10. Energy utilization • 17. Equal treatment of SMEs
• 5. Corporate governance • 11. Water resources management • 18. Employees
• 12. Circular economy • 19. Product and service safety
and quality*
• 20. Data security and customer
privacy protection*
Note: Topics marked with an asterisk (*) are of double materiality.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Case Internal Control and Risk Management Training Business Ethics
The Company has always adhered to a zero-tolerance principle, prohibiting any form of bribery, corruption, or graft. The
Company has established the Anti-Fraud Management System, which regulates the professional behavior of all employees,
In September 2024, the Company invited Dr. Zhou, an associate professor with a Ph.D. in Management, to requiring them to strictly adhere to relevant laws, industry norms and standards, professional ethics, and company regulations,
conduct training on "Digitalized Internal Control and Risk Management for Enterprises in the Age of Intelligence" thereby fostering a culture of integrity, diligence, and dedication.
for relevant personnel in the Company. The training provided a detailed analysis of how traditional process-
The Company strictly adheres to legal requirements such as the Anti-Monopoly Law and the Anti-Unfair Competition Law,
based internal control methods can be integrated into a risk management system. It also included practical
resolutely eliminating practices like false advertising and infringement of trade secrets that constitute unfair competition. Through
cases study on digital warning analysis for the two major core business sectors of sales receivables and
system standardization, agreement signing, employee training, and internal supervision, the Company ensures the legality and
procurement payables. The training emphasized that in an intelligent environment, companies need to shift
legitimacy of its business practices.
from compliance-oriented to strategic-oriented approaches. By constructing risk control systems through
data modeling, companies can ultimately achieve an upgrade in intelligent risk management that supports
strategic goals and balances risks with performance. This training helped the participants effectively grasp the Anti-Fraud Management System
methods and trends in internal control and risk management, thereby enhancing the Company's internal risk
management practices.
• Take responsibility for addressing fraudulent
Mana- behavior, establishing, improving, and effectively
gement implementing anti-fraud procedures and controls
Level
including fraud risk assessment and fraud
Audit prevention, and conducting self-assessments.
• Be responsible for guiding the
Committee
Company's anti-fraud efforts.
• Serve as a permanent body for anti-
Audit Department
fraud work, organizing and implementing
anti-fraud work across departments and
within the Company.
• Be responsible for anti-fraud Business departments
work within their respective
departments.
Pledge for Integrity "Starting from myself, I will uphold the bottom line of honesty and
integrity and reject any form of bribery and corruption!"
Prevention and Control of Fraud
Internal Control and Risk Management Training Advocating a culture of Strengthening the Conducting investigations Signing integrity
integrity and honesty assessment of integrity risks on key positions agreements
• L
ead by example from • Incorporate fraud risk • Conduct background • Have all new employees
the senior levels, provide assessment into the checks on individuals sign clauses prohibiting
training for all employees, enterprise risk assessment, being considered for commercial bribery
and establish clear proactively identify high- hiring or promotion to in their Letter of
Key Performance behavioral guidelines. risk corruption scenarios important positions, and Commitment upon
in business operations maintain formal written Joining the Company.
• Encourage reporting annually, and issue warnings records.
unethical behavior for related practices. • Sign Anti-Commercial
and establish policies Bribery Agreement with
for rewards and • Establish anti-fraud control suppliers to prohibit
The Company strictly adheres to national and local tax regulations to ensure the legality, compliance, punishments. measures at all levels and in commercial bribery
all departments, implement practices.
and efficiency of the Company's tax activities. In 2024, the Company's tax payment amounted to RMB control mechanisms at the
source, and ensure their
effectiveness.
million.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
To effectively prevent and address various violations of rules and discipline, the Company established the Whistleblowing and
Case Anti-Corruption Propaganda and Education, Jointly Building a Clean Enterprise
Complaint Management Measures, accepting reports through multiple channels such as phone calls, mailboxes, and in-person
visits. This promotes law-based administration, diligence, and integrity among management at all levels. The Audit Department,
as the designated unit for handling reported information, is responsible for registering, categorizing, and resolving reported
cases within specified time limits. Once a report is verified, the Company will reward the whistleblower based on the amount
In April 2024, the Company organized a special study and warning education activity on anti-corruption in involved. False accusations or malicious framing will be penalized.
the factory areas of Suqian and Ningbo. More than 30 key employees in middle and senior management, the
procurement and sales departments, party members, and employee representatives participated in the event
via video link between the two locations. They collectively studied regulatory documents such as the Anti-Unfair Whistleblowing Channels
Competition Law and the Criminal Law, watched special videos on anti-corruption, and analyzed typical cases.
This event has deepened the awareness of integrity and disciplinary norms among relevant personnel. 15606686110
Whistleblowing/Complaint Hotline
Whistleblowing Email ljt@boqianpvm.com
No. 23, Jiangshan Avenue, Suyu Economic
Complaint Address
Development Zone, Suqian (Audit Department);
No. 588, Wanjin Road, Shiqi Street, Haishu District,
Ningbo
The Company has established a robust whistleblower protection mechanism, strictly safeguarding the identity and information
of whistleblowers. All whistleblowing materials are classified as confidential and must not be disclosed or transferred to the
reported party. Any form of retaliation is prohibited. If a whistleblower faces unfair treatment -such as job reassignment,
demotion, or disciplinary action - due to whistleblowing, the responsible department must investigate and rectify the situation.
Those who engage in retaliation will face public censure and fines; cases causing severe harm will be referred for judicial
handling.
Anti-Commercial Bribery Training
Unit 2024
The Company produced exhibition boards, posters, and other materials on anti-corruption themes, which were Total number of confirmed corruption incidents Cases 0
prominently displayed in publicity areas at the Suqian and Ningbo facilities. Employees were organized to study
these materials, with over 200 participants in total, fostering an atmosphere of integrity and self-discipline. Number of employees who have signed the integrity commitment letter Persons 904
Number of suppliers who have signed the anti-bribery commitment letter Number 61
Total number of litigation/administrative penalty cases for unfair competition Number 0
Anti-Corruption Culture Promotion
Exceptional Products
The Company consistently adheres to the quality management principle of "advanced tech-
nology, superior quality, continuous improvement, and customer satisfaction". Quality
control is implemented throughout every stage, including R&D, procurement, and produc-
tion. By actively enhancing innovation, advancing intelligent manufacturing, and sincerely
serving customers, the Company ensures product excellence, laying a solid foundation for
sustainable development.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Product Quality Quality Assurance Throughout the Product Lifecycle
The Company implements quality management across the entire product lifecycle, establishes a comprehensive control chain
Product quality is the lifeline of corporate development. The Company continuously improves its quality management system
from raw material procurement to production process execution, finished product inspection, and proper handling of non-
documents in accordance with ISO 9001, IATF 16949, and other relevant quality management system standards. The Company
conforming items, and strengthens process quality control.
has established institutional documents such as the Quality Manual, Production and Service Operation Control Procedure,
and Non-Conforming Product Control Procedure to ensure all quality activities are conducted in a standardized manner.
The Company has established a dedicated Quality Control Center, which consists of two major divisions: quality control and
inspection. Equipped with industry-leading quality testing equipment, the center strengthens product quality control.
Product Lifecycle Quality Management
Quality Management Framework
Quality Control of Production Process Finished Product Quality
Raw Materials Quality Control Inspection and Control
Quality Control Section Inspection Section
• The Company has establis- • The Company has introduced • A comprehensive finished
• Be responsible for product • Be responsible for conducting
hed a rigorous supplier advanced production product inspection system
quality management, inspections throughout the
evaluation and selection equipment and automated has been established,
product data analysis and entire production process, mechanism, conducting requiring full-item testing of
Quality Control control systems to enhance
processing, and handling Center including incoming material comprehensive audits of process stability and each powder batch (including
customer feedback and inspection, in-process supplier qualifications, controllability, effectively appearance, particle size,
complaints. inspection, online inspection, production capabilities, and reducing human-factor purity, specific surface area,
and final dlivery inspection, quality assurance systems impacts on product quality. and bulk density) prior to
covering all stages from raw to ensure all procured raw warehouse entry and shipment
material intake to finished materials meet powder • Quality control checkpoints to ensure compliance with
product shipment. production quality standards. are implemented at quality standards.
critical production stages,
• All incoming materials utilizing Statistical Process • Advanced testing equipment
undergo strict inspection Control (SPC) for real-time operated by qualified pers-
To continuously enhance quality management, the Company conducts regular internal audits and management reviews of its
per defined sampling plans monitoring and analysis of onnel undergoes regular
quality management system. This ensures timely identification and correction of non-conformities, driving ongoing improvements and testing protocols, with production data to promptly calibration and maintenance
in the system's effectiveness. Additionally, the Company sets annual corporate-level and department-level quality management full-item testing conducted. identify and correct abnormal to guarantee accurate and
objectives, including metrics such as powder product yield, employee training rate, product pass rate, and improvement project Any non-compliant materials fluctuations. reliable test results.
validation rate. Progress toward these objectives is regularly evaluated. All quality-related objectives for the year 2024 have are categorically rejected
been achieved. from warehouse entry, • Enhanced quality training for
guaranteeing product quality production staff strengthens
at the source. quality awareness and
operational skills, ensuring
strict adherence to operating
procedures.
Quality Improvement Initiatives
The Company emphasizes continuous product quality improvement by establishing a quality issue feedback mechanism.
Employees are encouraged to promptly report quality problems discovered during production, with appropriate rewards given
for such feedback. Additionally, for quality issues identified through customer feedback or internal findings, the Company
forms dedicated quality improvement teams. Using quality management tools (such as 8D reports and fishbone diagrams),
these teams conduct root cause analysis, develop and implement effective corrective actions, and track improvement results -
The Company and Its Major Subsidiary Have All Passed ISO 9001 Quality Management System Certification ensuring closed-loop quality management.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Case Conducting Packaging Process Training to Strengthen Quality Awareness Customer Service
The Company consistently adheres to a "customer-centered" service philosophy and establishes an end-to-end customer
service system covering pre-sales, during-sales, and after-sales support. Through institutional measures such as the Sales
To enhance control over product packaging processes and improve product quality, the Company's subsidiary Management System, Customer-Related Process Control Procedure, and Customer Satisfaction Survey Control Procedure, it
Guangxin Nano's Packaging Department conducted a training session on packaging requirements in April 2024. continuously enhances service efficiency and customer satisfaction. Focusing on key areas including customer communication,
The training covered topics including explanations of packaging work instructions, 5S workshop management, contract fulfillment, complaint resolution, and satisfaction surveys, the Company has implemented robust management
and accountability for customer complaints related to packaging. Through this training, the participants processes and operational standards with clearly defined responsibilities to ensure timely identification and effective response
gained a deeper understanding of the importance of inspection during packaging, clarified their respective to customer needs. Additionally, mechanisms such as customer visits and satisfaction analysis are in place to continually refine
responsibilities, and strengthened their sense of accountability to prevent recurrence of similar issues. service quality and strengthen customer loyalty. Committed to safeguarding customer rights, the Company aims to build long-
term, stable, and trust-based partnerships that support sustainable business growth.
Case Precision in Meeting Customer Needs Earns High Recognition
In July 2024, a technical delegation from an international enterprise conducted a specialized factory audit at
the Company's Suqian Base, focusing on evaluating its mass-production capabilities for nano-scale small-
particle-size powders. The visit was led by the leadership of the Suqian Base, with full participation from sales,
technical, and quality management teams. The audit team conducted a comprehensive review of production
line stability and the quality control system, awarding scores above 90 points for both QPA (Quality Process
Audit) and QSA (Quality System Audit). The results affirmed the Suqian Base's manufacturing and quality
management capabilities in high-end electronic materials, demonstrating the Company's professionalism within
the new energy material supply chain. This recognition paves the way for deeper collaboration between both
parties.
Packaging Process Training Site
Factory Audit Meeting at the Suqian Base
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Customer Complaint & Recall Mechanism Innovation-Driven Development
The Company has established a comprehensive product service and after-sales system, including the Customer Complaint
Innovation and breakthroughs in core technologies form the foundation of The Company' high-quality development. The
Handling Procedure, which clearly defines responsible departments and workflows at each stage to ensure timely analysis and
Company places strong emphasis on R&D investment and technological accumulation. Building upon its core technology
effective resolution of complaints. Additionally, annual performance targets are set for key metrics such as complaint response
- "Atmospheric Pressure Plasma Heating Vapor Condensation Method" - it continuously upgrades and iterates production
rate and resolution rate, safeguarding customer rights and upholding corporate reputation.
processes. This drives product diversification from metal powders to non-metal powders, and from single-element metals to
multi-component alloys. Through strategic collaborations with clients, the Company actively expands its portfolio of high-value-
added products.
Customer Complaint Management Process
As of the reporting period, the Company had been granted numerous honors including "National High-tech Enterprise", "Fourth
• General complaints: Batch of National Specialized and New 'Little Giant' Enterprise", "Jiangsu Demonstration Intelligent Workshop", "Jiangsu
Solutions must be provided Enterprise Technology Center", "Jiangsu Metal Ultra-fine Powder Preparation Engineering Technology Research Center",
• General complaints: within 5 working days "Jiangsu Nano Metal Powder Engineering Center", "Zhejiang Digital Workshop/Intelligent Factory", and "Suqian Demonstration
Requiring response within
measures required within
• Severe complaints: 3 working days, with
Requiring response within permanent corrective
escalation to management working days
Key Performance
Complaint Customer
Investigation
Receipt and Feedback and
and Analysis
Registration Closing
During the reporting period, the Company's R&D investment reached RMB 50.1794 million,
Complaint
Classification
and
Solution and
Implementation
accounting for 5.31% of total revenue.
Response
• All complaints must be • A preliminary analysis • After implementing
recorded in the Customer must be completed within solutions, conduct
Complaint Registration 48 hours with submission customer follow-up
Form of the Complaint Analysis within 3 days to confirm
Report satisfaction
Honors & Certifications
• Preliminary categorization
of complaints (quality, • For complaints involving • Archive all records and
logistics, service, etc.) major quality issues, an complete the Complaint
analysis) is required
During the reporting period, the Company was recognized as a Specialized and New SME in Jiangsu
Province, while its subsidiary the Company's subsidiary Guangxin Nano was designated as Ningbo
Enterprise Technology R&D Center.
Customer Satisfaction Survey
The Company annually develops a customer satisfaction survey plan in accordance with internal control procedures. The plan
specifies the target respondents, key focus areas, frequency, and methods of the survey. Regular surveys are conducted to
comprehensively assess client evaluations and needs regarding product quality, service levels, complaint handling, and other
aspects. Survey results are analyzed yearly, culminating in a Customer Satisfaction Analysis Report. Based on the findings,
appropriate corrective and preventive measures are formulated and implemented.
Responsible Marketing
The Company adheres to responsible marketing principles and has established the Sales Management System to ensure all
marketing activities are truthful, transparent, and strictly compliant with relevant laws, regulations, and industry standards. In
all communications, the Company prioritizes customer privacy protection and data security compliance. Misleading claims and
false advertising are strictly prohibited. Marketing content focuses on genuine product value and social benefits, continuously
enhancing customer trust and brand reputation.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Case Green Process R&D Earns Jiangsu Premium Brand Certification Case Weekly R&D Meetings Enhance R&D Management Efficiency and Collaboration
To improve R&D efficiency, the Company's R&D Department holds regular weekly meetings to promptly identify
In 2024, the Company's capacitor electrode nickel powder was issues, align objectives, coordinate resources, and enhance cross-departmental collaboration and execution.
awarded the "Jiangsu Premium Brand". The product is manufactured In December 2024, senior R&D leadership and department heads convened the weekly meeting in the R&D
using the Company's proprietary Atmospheric Pressure Plasma Heating building conference room to focus on key R&D tasks and solutions. The meeting addressed multiple R&D
Vapor Condensation Method for metal powder production. The entire challenges, including equipment optimization during experimental phases and sample refinement. This session
production process consists solely of physical changes and operates further clarified technical problem-solving approaches, enabling all R&D units to advance subsequent work
within a sealed nitrogen system, where both the process nitrogen more effectively.
and cooling water are recycled, resulting in high resource utilization
and environmentally friendly production. The final product exhibits
high crystallinity, excellent sphericity, strong oxidation resistance, and
superior dispersibility.
Jiangsu Premium Brand
Certification
R&D Team Management
The Company adheres to an innovation-driven and talent-led approach, emphasizing the management and development of
its R&D team through a well-established incentive mechanism. To continuously advance technological progress and enhance
research management standards, the Company has implemented the Science and Technology Advancement Reward Policy
and the Intellectual Property Reward Policy. These policies provide substantial recognition - both honorary and monetary - to
employees who make outstanding innovative contributions, effectively motivating R&D personnel and research managers to
pursue technological innovation and drive progress.
Key Performance Regular Meeting of the R&D Department
During the reporting period, the Company employed 135 R&D personnel, accounting for
IP Management
The Company prioritizes intellectual property management, with clear guidelines for IP declaration and administration
established in the Employee Handbook and Intellectual Property Reward Policy. The Company was recognized as a "National
Intellectual Property Advantage Enterprise" in 2019 and designated as a "National Intellectual Property Demonstration
Enterprise" in 2023. The Company’s independent research and development project Nano Metal Powder R&D was listed
into Jiangsu Province Strategic Emerging Industry Development Special Project, and the High-capacity Multi-layer Ceramic
Capacitor Inner Electrode Nano Nickel Powder R&D and Industrialization project was listed into Jiangsu Enterprise Innovation
and Achievement Transformation Special Fund project. The Company also presided and formulated the industry standard of
Nickel Powder for Capacitor Electrodes.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Key Performance Intelligent Manufacturing & Data Security
Amid the digital economy wave, The Company is committed to becoming an industry benchmark in digital transformation. By
During the reporting period, the Company filed 20 new patent applications, including 13 invention patents
deeply integrating cutting-edge technologies like 5G, AI, and IoT, the Company has established a next-generation enterprise
model characterized by "full-factor connectivity, end-to-end intelligent processes, and cross-scenario collaboration". The
and utility model patents; Company is driving an organizational shift from traditional operations to a "data-driven, intelligent decision-making" paradigm.
While prioritizing robust data security management and protection, these initiatives ultimately aim to reconstruct industrial chain
A total of patents were granted, comprising invention patents and utility model patents. value and create ecosystem synergies.
As of the reporting period, the Company holds a total of 164 valid authorized patents as of the end of the
reporting period, including 140 domestic patents (comprising 62 invention patents and 78 utility
Digital Transformation
model patents) and 24 international patents.
Guided by China's national digitalization mission, the Company is committed to driving industrial digital transformation to
enhance competitiveness and promote sustainable economic development. The Company has established a three-phase digital
transformation roadmap covering infrastructure development, capability enhancement, and ecosystem innovation, achieving
long-term sustainable growth through comprehensive digitalization.
Trade Secret Management Honors & Certifications
The Company's Digital Transformation Objectives and Roadmap
The Company adheres to the principles of "unified
leadership, tiered responsibility, proactive protection, and
focused priorities" in its confidentiality work. This approach
integrates confidentiality management with business
Digitalization objectives: Quantifiable transformation milestones
operations by holding department heads accountable
for both operational and confidentiality matters in their
respective areas ("who oversees operations is responsible
for confidentiality"). This system ensures the security of
trade secrets while facilitating smooth business operations.
The Company has established a Secret-related Personnel Infrastructure Capability Enhancement Ecosystem Innovation
Management System, under which the Confidentiality Development Phase (1-2 Phase (3-5 years): Phase (5+ years)
Committee reviews and manages secret-related matters years)
while implementing tiered management for personnel.
All employees are subject to confidentiality requirements
The Company's Subsidiary Guangxin Nano's Trade
outlined in the Employee Handbook, with those handling Complete ERP and MES Establish an AI platform Incubate digital new
Secret Protection Office Was Recognized as Ningbo integration to achieve core to improve operational businesses to drive
trade secrets required to sign Non-Disclosure Agreement. Trade Secret Protection Demonstration Site
business digitization. decision-making efficiency. revenue growth.
Additional departments may execute Confidentiality and
Non-Compete Agreements as needed. Regular training
programs are conducted to strengthen employees'
confidentiality awareness and safeguard the Company's
trade secrets.
Industry-University-Research Cooperation
The Company actively establishes Industry-University-Research collaborative platforms to conduct joint technological research
with universities and research institutions. The Company has established long-term partnerships with leading organizations
such as the Ningbo Institute of Materials Technology & Engineering (Chinese Academy of Sciences) and Shanghai Jiao
Tong University. These strategic collaborations promote deep integration of industry, university and research, facilitate the
transformation of scientific achievements into practical applications, ensure the innovation and advancement of our product
technologies, and support the Company's rapid, sustainable, and healthy development.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
The Company has established a holistic data security protection framework to ensure both network and data security. The
Case Building a Digital Smart Factory to Enhance Manufacturing Quality and Efficiency
Company implements stringent security measures across network access, perimeter protection, data encryption, and process
management, including multi-layer backup systems, granular access control, file encryption protocols, and digital watermark
tracking capabilities. Through advanced network security appliances and data management systems, the Company effectively
mitigates risks of external attacks and internal data breaches. Furthermore, the adoption of digital process management tools
has simultaneously enhanced operational efficiency and security.
The Company's subsidiary, Guangxin Nano, has established a provincial-level smart factory specializing in
high-end nano metal materials for electronic applications. This facility consists of an intelligent nano powder
production workshop and a post-processing grading workshop, featuring comprehensive digital and automated
systems covering product design, process management, production execution, and warehousing logistics.
Through the integrated operation of ERP, MES, WMS, RCS, and LIMS, the factory has established a complete Network and Data Security Protection Framework
data chain connecting personnel, equipment, materials, methods, and environment. This enables automated
production planning, intelligent material distribution, real-time process monitoring, and full product traceability.
Multiple network access and protection guarantees
Since its implementation, the smart factory has achieved significant improvements: increased production
efficiency, reduced operational costs, shortened product development cycles, lower defect rates, and enhanced
energy utilization efficiency. These advancements ensure consistent product quality while promoting green and • Dual-network access points (China Telecom and China Unicom as dual carriers) with primary and backup systems.
high-efficiency manufacturing. Strict implementation of wired/wireless employee network IP-MAC address binding and access control. Visitor networks
are physically isolated.
• Server data employs RAID1, local and off-site encrypted cold backups. UPS and generators are provided for power
backup. Server rooms have EMP protection capabilities.
Ensuring Data Security & Customer Privacy
In-depth boundary security protection
The Company has established comprehensive policies including the Network and Computer Management System, Electronic
Data Security Management Measures, and Data Breach Incident Management System to strengthen its data and network • Deploy professional network behavior management systems and core firewalls, integrating capabilities such as intrusion
security protection framework. For emergency scenarios involving network or data security incidents, the Cybersecurity prevention, antivirus, URL filtering, cloud sandboxing, traffic analysis, and SSLVPN.
Emergency Response Mechanism has been implemented to standardize the handling of network and information security
• Strict control over inbound and outbound data packets, allowing only verified secure traffic.
anomalies during crises, safeguarding the interests of both the enterprise and its clients. During the reporting period, no major
security failures or data breaches occurred.
Data Security Management Requirements Data classification and tiered control
Data Server Network Protection Mobile Device • Utilize an electronic document security management system to implement encrypted classification for work materials.
• All data servers must implement • All ports except those explicitly • After data transfer is completed, all • Cross-departmental or lower-clearance employees accessing, sharing, or printing high-clearance documents require
RAID technology with data recovery authorized for server operations must terminal hard drives must be securely supervisor authorization and must operate within permitted time limits.
capabilities (RAID 1, 3, 5, or 10). be permanently disabled on both destroyed in strict compliance with the
perimeter and system firewalls. Company's Trade Secret Protection
requirements, with no long-term Data encryption management
data retention permitted under any
circumstances.
• Full-disk encryption for work data; files become inaccessible when disconnected from the company network or placed in
unauthorized environments (opened documents automatically lock).
Terminal Hard Drive Storage Environment Data Protection
• All documents embed special blind watermarks to effectively trace leakage sources.
• All workstations must have antivirus • Room temperature between 10- • Database servers must undergo full
software installed, and users are 35°C, relative humidity of 35-80%, database backups at regular intervals,
strictly prohibited from disabling or equipped with vibration-resistant supplemented by daily incremental Systematized business process management
deactivating the software. infrastructure, comprehensive backups. All database backup files
lightning protection, UPS, monitoring shall be stored off-site (primarily as
systems, access control security, and ransomware protection), and end-user • Leverage professional systems such as Kingdee EAS, Weaver OA, ERP/MES, and FanRuan BI to standardize and
complete fire suppression facilities. computers must periodically back up digitize financial, approval, resource allocation, and data analysis processes.
data to the designated backup server.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
The Company implements a strict "immediate reporting per incident" policy for all potential confidentiality breaches, including Confidentiality Breach Investigation Process
unauthorized disclosures, leaks, or theft. Upon discovering any such incident, the responsible personnel must promptly report
the factual details to both their department head and the Confidentiality Office without delay, while completing the required Trade
Secret Breach Incident Report Form. Concealing incidents or attempting unauthorized remediation before official reporting is
expressly prohibited.
• Fact-finding: Investigate the content, method,
• Upon detecting quantity, severity of damage, key details, and
a confidentiality
Confidentiality Breach Reporting Requirements involved parties of the trade secret leak.
breach, the
• Remediation & improvement: Implement corrective
Confidentiality
Reporting Handling of Special measures for identified vulnerabilities and • A confidentiality
Report Content Committee shall
Deadlines Circumstances propose enhanced confidentiality protocols and breach case may
immediately form
recommendations. only be closed or
an investigation
• Classification level, • Top secret: immediate • For items with unclear or disputed terminated upon
team and conduct • Accountability: Cases violating theCriminal Lawshall
quantity, and format reporting; classification levels, determination confirmation by
the inquiry be referred to judicial authorities for prosecution,
of the compromised shall be made according to the Company's
• Confidential: within 8 hours; adhering to the while non-criminal breaches shall be handled
Confidentiality
materials; the time, the Company's Classification principles of according to applicable national laws, regulations, or
location, and circums- • Secret: within 24 hours. Management Measures. "seeking truth from the Company's Confidentiality Reward and Penalty
Committee.
tances of the breach; facts and handling Policy.
• Concealment of breaches or
actual or potential matters according
obstruction of investigations will • Result review: The Confidentiality Office shall
damage; and to law".
result in disciplinary action against complete the Trade Secret Breach Investigation
implemented or proposed
both involved personnel and Report based on investigation findings and submit it
remedial measures.
department heads. to the Confidentiality Committee for review.
• Retaliation against whistleblowers
will face severe penalties,
while individuals contributing to
remediation or providing crucial
leads will be rewarded.
Commencement of Investigation and Handling Closing
Investigations
Enhancing Technical Cooperation in Network and Data Security and Strengthening
Case Information System Security Defenses
In 2024, to enhance data security, the Company partnered with a leading technology firm for comprehensive
cybersecurity drills. The collaboration focused on critical defense technologies including: intrusion prevention,
anti-virus systems, URL remote query, cloud sandbox detection, traffic probes, and internal SSL VPN solutions,
significantly upgrading the information system's protective capabilities. Through these joint exercises and
technical support, the Company has optimized its security framework, improving both threat identification and
response capabilities. This initiative has established a robust foundation for ensuring operational system stability
and safeguarding data assets.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Case Focusing on Data Security and Conducting Subject Training for Senior Executives Supply Chain Security
The safety and stability of the supply chain constitute one of the critical factors ensuring the Company's sustainable
and healthy operations. The Company has established the Supplier Management and Procurement Control
In 2024, the Company conducted specialized data security training for 35 department heads through a one- Procedure, continuously improving its supplier management system under the leadership of the General Manager as
hour intensive session per participant, designed to enhance leadership's awareness of data compliance the ultimate responsible party. This cross-functional system involves coordinated management by the Procurement
and information security risks. The training program systematically covered critical areas including Department, Quality Department, and R&D Department to guarantee that the supply of raw materials and other
data classification, access control protocols, and risk mitigation strategies. This initiative significantly resources fully meets the Company's operational and developmental requirements.
strengthened management's competency in data security governance, providing vital support for
establishing the Company's comprehensive data security management framework.
Supplier Management
The Company has implemented a comprehensive supplier quality management and evaluation system to ensure raw material
quality. New suppliers must pass a three-tier approval process comprising due diligence, sample testing, and small-batch
trial before qualifying for procurement. For existing suppliers, the Company conducts annual evaluations to generate Supplier
Assessment Form, regularly updates the supplier database, and removes unqualified suppliers.
New Supplier Management and Evaluation Process
Supplier Due Sample Testing and Small-
Supplier Evaluation
Diligence Batch Trials
• The Company collects • For suppliers providing • Suppliers must
information on materials for the first time, undergo evaluation
potential suppliers and the Company conducts and obtain approval
preparesNew Supplier sample testing and small- from the Procurement
Approval Form, which batch trials following initial Department's head,
evaluates candidates due diligence. the responsible Deputy
Data Security Training Site across multiple Manager, and the
• The Quality Control
dimensions including Chief Financial Officer
Center first issues formal
pricing, production before qualifying for
quality certification results,
capacity, quality procurement.
after which small-batch
reputation, geographical
trial production is initiated. • For Category A and
location, and service
Only upon successful B materials, suppliers
level, while consolidating
quality verification by the must additionally receive
all relevant supplier
Quality Control Center qualification confirmation
documentation.
may bulk procurement from the General
proceed. Manager. The officially
approved List of Qualified
Suppliers (Outsourcing
Partners) requires the
General Manager's final
authorization before
implementation.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Supply Chain Risk Management Sustainable Procurement
The Company's primary raw materials include nickel blocks, copper rods, silver sand, and auxiliary materials, with prices The Company's Supplier Management and Procurement Control Procedure clearly define evaluation criteria for Category A
fluctuating according to global market trends for these metals. To enhance inventory management efficiency, the Company's and B critical suppliers. Under the "management capability" assessment dimension, suppliers are evaluated based on their
Marketing Center regularly aggregates customer demand data, based on which the Production Planning Center formulates certifications in quality, environmental, and safety management systems. The "production capability" dimension comprehensively
corresponding production plans and material requirements. The Procurement Department then generates purchase orders assesses suppliers' production infrastructure, work environment, workforce competency, and product protection measures to
by integrating these operational needs with both safety stock requirements and real-time market price fluctuations of bulk raw gauge their sustainable development capacity. This dual-dimensional evaluation mechanism effectively mitigates supply chain
materials, ultimately executing procurement activities accordingly. risks while enhancing overall security and stability.
To further strengthen supply chain security and stability, the Company has implemented a comprehensive risk identification and
assessment mechanism that covers all procurement stages, thereby enhancing product quality assurance from the source.
The Company conducts regular internal control risk identification and evaluation for key procurement processes - including raw
material purchasing, supplier qualification, contract management, and inspection/payment - in accordance with the Procurement
Transparent Procurement
Cycle Internal Control Risk Assessment Form. Through systematic analysis of potential risks in procurement processes
- including compliance, quality, delivery, and cost considerations - the Company continuously optimizes its procurement The Company rigorously enforces transparent procurement practices in supplier ethics management, establishing clear
management procedures by incorporating risk-level assessments and control measure recommendations. This approach approval standards for each procurement phase to prevent violations and corruption. With key suppliers, the Company signs
enhances proactive risk prevention and operational effectiveness, ensuring both stable raw material supply and standardized Anti-Commercial Bribery Agreements that explicitly specify reporting channels for unethical behavior, whistleblower protection
purchasing decisions, thereby providing robust support for product quality and on-time delivery. mechanisms, and disciplinary procedures. These agreements legally empower the compliant party to unilaterally terminate
contracts and seek compensation for damages in case of breach.
Supply Chain and Procurement Risk Control Process
Procurement Purchase
Supplier
Management Requisition and
Management
Environment Approval
Inquiry
Contract
Bidding and Source
and Order
Management Identification
Management
Management
Goods
Inventory Payment
Inspection
Management Management
Management
Green Environment
The Company adheres to the environmental policy of "complying with regulations, preventing
pollution, conserving energy and reducing consumption, and continuously improving". The Com-
pany promotes and implements environmental protection laws, regulations, and relevant provi-
sions, utilizes various resources and energy fully and rationally, controls and eliminates pollu-
tion, fosters green development in production, and creates a favorable working and living envi-
ronment.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
The Company conducts environmental risk assessments
Environmental Compliance and Ecosystem and has developed a comprehensive Emergency Response
Protection Plan for Sudden Environmental Incidents. Based on
production process characteristics and environmental risk
substances, a two-tier emergency response mechanism
The Company has established management systems including the Environmental Protection Management Regulations and (plant-level and facility-level) has been established, with
Operating Procedures and the Environmental Safety Monitoring & Measurement Control Procedures, which clearly define clearly defined responsibilities for the emergency command
management responsibilities. These systems cover environmental management of production facilities, pollution incident center and on-site rescue teams. The plan implements
management, and incorporate an environmental performance evaluation mechanism to drive cleaner production. The Company end-to-end measures covering prevention & early warning,
conducts Environmental Impact Assessments (EIA) for all projects in accordance with legal requirements, incorporating information reporting, emergency handling, and post-
ecological and environmental factors into the evaluation scope. The "Three Simultaneities" environmental protection system incident recovery. Emergency reservoirs, firefighting
for construction projects is strictly implemented. Verified records confirm that none of the Company's operational facilities are equipment and other resources are maintained to rapidly
located within ecological conservation redlines or restricted development zones. The Company has been awarded titles such as The Company and Its Major Subsidiary Have All Passed address environmental emergencies such as leaks or fires,
Jiangsu Provincial Green Leading Enterprise and Jiangsu Provincial Green Factory and its subsidiary the Company's subsidiary ISO 14001 Environmental Management System Certification minimizing environmental pollution and casualties. During
Guangxin Nano has been awarded the titles of Zhejiang Provincial Green Factory, Zhejiang Provincial Water-saving Enterprise, the reporting period, the Company achieved its zero-incident
and Ningbo Municipal Zero-waste Factory. target for fires/explosions.
Environmental Management Framework
Accident Types & Risk Levels
• As the first person accountable for the Company's environmental
Hazardous
protection efforts, they oversee the Company's overall Risk Unit Vulnerabilities Risk Types Causes Consequences
Materials
environmental responsibilities, strategically guide the direction of
environmental management, and allocate resources to support Equipment leaks or improper operation
environmental initiatives. caused leaks of nickel powder and
ethanol, resulting in water and soil
pollution; the fires generated by such
Leakage, accidents primarily affect the external
• As the Company's primary authority for environmental Production Equipment leaks/ Nickel powder,
fire, environment through radiant heat
Principal protection management, the department includes dedicated workshop improper operation ethanol
explosion and dense smoke from combustion
responsible environmental specialists responsible for providing impacting ambient air quality. From
person environmental education, training, guidance, inspection, and a safety perspective, the main
supervision to all departments. manifestations are personnel casualties
and damage to nearby equipment.
Safety and • In daily operations, the department is tasked with formulating
Environmental and enforcing environmental policies and plans, regularly Improper storage of nickel blocks,
Protection Department nickel powder (finished/semi-finished
monitoring pollutant emissions, ensuring the proper Raw Packaging damage/ Leakage,
Nickel blocks, products), or nickel-containing accident
functioning of all environmental protection facilities, and material tip-over, transport fire,
powder wastewater entering surface water
warehouse failure explosion Operational
coordinating communication between internal teams and through stormwater drainage networks
errors, poor
external environmental regulatory agencies, collaboration, and during fire incidents.
maintenance
inspections.
Grassroots employees Fire/explosion accidents due to
Ethanol Leakage,
malfunction. Additional ignition risks
storage Malfunction Ethanol fire,
caused by lightning strikes, static
tank explosion
• The Company requires all employees to develop environmental electricity, and electrical sparks.
awareness. New employees must complete environmental
Rupture of cylinders or pipelines may
protection training before assuming their positions, covering Gas Leakage,
cause ammonia leaks, resulting in
national laws and regulations, the Company's environmental cylinder Malfunction Ammonia gas fire,
contamination of ambient air at the
room explosion
policies, operating procedures for environmental protection affected site.
facilities, and emergency plans.
Non-methane
Failure of waste gas treatment
• Employees must undergo at least one annual environmental Waste gas hydrocarbons,
Failure of waste gas facilities leads to accidental emission
training session and pass the assessment to remain qualified treatment particulate matter, Leakage
treatment facilities of untreated waste gas, impacting the
for work. They must strictly implement environmental protection unit nickel and its
surrounding environment.
compounds
requirements in their respective job responsibilities.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Hazardous
Risk Unit Vulnerabilities Risk Types Causes Consequences
Materials
Failure of wastewater treatment
facilities, pipeline rupture, or
Failure of
Wastewater similar incidents may result in
wastewater pH, COD, SS,
treatment Leakage accidental discharge of high-
treatment facilities or copper, nickel
unit concentration polluted wastewater,
pipeline rupture Operational
causing contamination to the water
errors, poor
environment.
maintenance
Storage Leakage during hazardous waste
Leakage during Leakage,
place for storage may cause water and soil
hazardous waste Hazardous waste fire,
hazardous pollution, and potentially trigger fires or
storage explosion
waste explosions.
Environmental Emergency Procedures
Warning & reporting Emergency disposal Emergency termination
• Warning conditions: A warning • Pollution source control: Close • The emergency is terminated
is triggered when equipment valves, use sandbags to block by order of the command center
malfunctions, meteorological flow, and activate emergency once conditions such as accident
disasters, or other factors may pools to collect accident control and pollutant discharge In June 2024, the Company Conducted Hazardous Material Leakage Drills
lead to an environmental incident. wastewater. compliance are met.
• Reporting procedure: Internally, • Personnel evacuation: Evacuate
report to the emergency command to designated assembly points
center within 1 hour; externally, according to the emergency
report to higher-level government evacuation diagram and conduct a
authorities, the Ecological headcount.
Environment Bureau, and other Key Performance
• E m e r g e n c y m o n i t o r i n g : A i r
relevant departments within 1
monitoring factors include total
hour.
non-methane hydrocarbons,
nickel, and its compounds. Water
quality monitoring factors include
pH, COD, copper, nickel, etc., with During the reporting period, the Company invested RMB in environmental
an initial monitoring frequency of
protection, with no major environmental incidents or regulatory penalties incurred.
up to 6 times per day.
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Energy-saving Measures
Energy and Addressing Climate Change
The Company has established energy management systems including the Energy and Resource Control Procedures, Energy-saving Training and
Green lighting Clean energy
Energy Management Regulations, and Energy Measurement Management Regulations. It implemented a three-tier energy technical renovation promotion
management network with position-based responsibilities, exercising full-process control from energy procurement and usage to
measurement and evaluation. Performance-based incentives/disincentives are applied according to quota assessment results.
• Energy conservation • Replace 120W • A 3,000KW • Conduct energy-
On-site management assessment rules with specified penalties for energy violations were formulated to reduce consumption
and consumption energy-saving grid-connected saving knowledge
and improve energy efficiency.
reduction are lamps with 48W photovoltaic training for workshop
achieved by LED clean flat panel power station was employees and post
Three-tier Energy Management Network with Position-based Responsibilities implementing energy lights (specification: constructed on the slogans in office
efficiency upgrades 300×1200) and 18,000-square- areas to advocate for
for equipment such 65W LED lights, meter factory roof, green office practices.
• Communicate energy policies and oversee the company-wide energy work as the current- which feature low achieving an annual
carrying system, power consumption, energy saving of 3
• Regularly chair meetings of the "Company Energy Conservation and
Consumption Reduction Management Committee" and lead the energy- cooling system, long service life, million kWh.
related work of energy-consuming branch plants (workshops) and environmental and environmental
• Inspect the implementation of systems, measures, and quota completion by
control system, benefits. A total of
General and optimizing 150 lighting fixtures
various departments and designated personnel
Manager in
processes like metal were replaced,
Charge • Review major energy-saving technical renovation projects and the
implementation of reward and punishment measures across the Company evaporation, particle saving 95,000kWh of
forming, particle gas- electricity annually.
solid separation, and
Energy Conservation • The General Manager in charge of energy serves as the chairperson,
and the person in charge of energy power as the vice-chairperson.
particle grading and
and Consumption
Members include the deputy directors in charge of equipment, energy- dispersion.
Reduction Management
Committee saving engineers, and energy management officers from each workshop
(department) and branch plant
• Hold quarterly meetings to review energy-saving measures, energy
consumption quotas, and the execution of reward and punishment
Energy Office
• Be responsible for energy management and assessment, consolidating
reports, implementing national policies, promoting energy-saving
technologies, and holding monthly energy analysis meetings
The Company has established a long-term
energy conservation mechanism and develops
annual energy-saving plans to implement related
initiatives.
The Company exceeded its annual electricity
conservation targets during the reporting period,
achieving above-plan energy savings:
Annual Electricity Consumption vs. Planned
Annual Energy Consumption Targets
Suqian Base 1,519,800 kWh saved
Ningbo Base 5,608,000 kWh saved
ISO 50001 Energy Management System Certificate of the
Company Rooftop Photovoltaic System on Factory Building
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Case Motor Frequency Control Optimization Project
In June 2024, the Company implemented a motor frequency control optimization project, including inverter
bracket welding and installation. Post-optimization, the project achieves annual electricity savings of
approximately 1.5 million kWh per year.
Key Performance
During the reporting period, the Company's subsidiary Guangxin Nano's total greenhouse gas emissions
were 18,377 tCO2e, representing a reduction of 217 tCO2e (1.1%) compared to the 2023
Electricity Conservation Slogans
total of tCO2e.
Unit 2024 2023 2022
Unit 2024
Gasoline Liter 15,293.34 15,417.37 14,077.74
Scope 1 greenhouse gas emissions tCO2e 34.914
Diesel Liter 3,438.18 3,585.76 5,860.0293
Scope 2 greenhouse gas emissions tCO2e 18,342.134
LPG m3 7.92 7.45 10.775
Indirect energy consumption tce 13,958.57 11,751.59 15,967.09
Electricity Megawatt-hour 113,620.76 96,041.54 129,267.88
Total purchased electricity Megawatt-hour 110,257.79 92,870.10 129,267.88
Self-generated renewable
Megawatt-hour 3,362.971 3,171.44 /
electricity usage
Clean energy usage Megawatt-hour 3,362.971 3,171.44 /
Clean energy usage percentage % 2.93 3.31 /
Including: solar energy Megawatt-hour 3,362.971 3,171.44 /
Including: solar energy proportion % 100 100 /
Data Coverage Explanation:
subsidiaries Guangxin Nano and Ningbo Guangqian Electronic Material Co., Ltd.
energy proportion cover operational sites including the Company and the Company's subsidiary Guangxin Nano.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Pollution Prevention and Control Exhaust Gas Emissions Performance of the Company's
Subsidiary Guangxin Nano
Unit 2024
The Company strictly complies with environmental laws and regulations including the Environmental Protection Law, Law of the Volatile organic compounds (VOCs) emission Kg 2,963
People's Republic of China on the Prevention and Control of Atmospheric Pollution, and Law of the People's Republic of China
on the Prevention and Control of Solid Waste Pollution. It has established management systems such as the Water Pollutant Particulate matter (PM) emission Kg 2,462
Discharge Control Procedures, Air Pollutant Emission Control Procedures, Noise Emission Control Procedures, and Solid Waste
Discharge Control Procedures, with clearly defined management responsibilities. The Company has achieved 100% compliance
with noise, wastewater, and exhaust emission standards at all facility boundaries.
Waste Discharge
Wastewater Discharge The Company's waste is categorized into general solid waste,
hazardous waste, and domestic garbage. General solid waste, including
used crucibles, waste metal powder, discarded filter bags, waste filter
The Company's wastewater is categorized into industrial wastewater and domestic sewage. Through strict compliance cloth, waste filtering materials, waste packaging, and spent water
with water pollutant discharge standards, industrial wastewater is fully recycled without external discharge. purifier filter cartridges, is managed in compliance with the Standard
for Pollution Control on the Storage and Disposal for General Industrial
Solid Wastes (GB18599-2001) and recycled by licensed companies for
Industrial wastewater Domestic sewage remanufacturing purposes. Hazardous waste such as waste ethanol
and sludge is stored according to the requirements specified in the
Standard for Pollution Control on Hazardous Waste Storage (GB18597-
• Industrial wastewater primarily comes from acid • Domestic sewage, including toilet
washing processes, which after being activated, wastewater and cleaning wastewater,
sanitation departments The Company classifies, stores, and transports
filtered and purified at the wastewater treatment is treated to meet standards through
solid waste according to its management regulations, and maintains
station, is returned to workshops as industrial water septic tanks and purification tanks
hazardous waste registries that accurately record generation, collection,
and ultimately reused for spray towers and equipment before being discharged into the
storage, transfer, and disposal activities. During the reporting period,
cooling, achieving complete circular utilization. municipal sewage network.
the Company achieved its 100% waste disposal rate target.
Wastewater Discharge Performance of the Company's Waste Discharge Performance of the Company's
Unit 2024 Unit 2024 2023 2022
Subsidiary Guangxin Nano Subsidiary Guangxin Nano
Total wastewater discharged 10,000 m3 0.89 Total waste generated Tons 270 295.43 309.09
Including: total industrial wastewater 10,000 m3 0 Including: total hazardous waste Tons 0 33.43 17.54
Including: total domestic wastewater 10,000 m3 0.89 Including: total non-hazardous waste Tons 270 262 291.55
Chemical oxygen demand (COD) Tons 0.36 Total recycled/reused waste Tons 270 262 291.55
Ammonia nitrogen content (NH3-N) Tons 0.02 Waste recycling rate % 100 88.68 94.32
Exhaust Emission Hazardous Substance Management
The Company implements the Integrated Emission Standard of Air Pollutants for exhaust emissions. With an annual total The Company has established hazardous substance management systems including the Hazardous Substance Management
emission control target of 0.097 t/a for nickel and its compounds, the Company's actual emissions reached 0.820 kg/a, fully and Control Procedures and the Toxic and Hazardous Substance Control Regulations for Raw Materials. These systems
complying with the total quantity control requirements. The Company conducts routine maintenance and testing of oil fume manage hazardous substances under RoHS (such as cadmium, lead, mercury, etc.) and halogens (chlorine, bromine)
collection/filtration systems and acid mist collection/neutralization systems in accordance with environmental impact assessment throughout production and packaging processes to ensure products comply with international environmental regulations and
approvals and pollution discharge permit requirements. Annual third-party environmental testing is performed. All exhaust gases customer requirements. The procedures require: procurement of environmentally compliant raw materials with supplier test
are treated through bag filters, water spray towers, and biological trickling filters before emission. Exhaust from hazardous waste reports, strict IQC inspections of incoming materials, thorough traceability and segregation during manufacturing processes, and
storage is controlled via sealed containers to ensure compliance with emission standards. clearly defined limit standards for RoHS and halogen substances.
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Control of Hazardous Substances Management of Hazardous Chemicals
The Company has established hazardous chemical management systems including the Hazardous Chemicals Management
Content
S/N Prohibited Toxic and Hazardous Substances Objects Procedures and Hazardous Chemicals Control Procedures. These systems strictly regulate the entire lifecycle of hazardous
Standards
chemicals - from procurement, warehousing, and storage to distribution, transportation, usage, and waste disposal - to prevent
Department, warehouse, and user departments, while specifying operational requirements for each process stage:
Heavy metals
Department verifies supplier qualifications (e.g., production and business licenses) and prohibits purchases
• Confirm compliance with standards for quality, packaging, etc., during procurement. Transporters must be
Organochlorine
compounds
Ex-warehousing/ warehousing operations
certificates, quantity, labeling); after storage, the warehouse notifies inspection, and materials are used only
after approval.
Organobromine • Fire prevention measures must be taken for personnel, vehicles, and operations entering storage areas. Handle
compounds
and use spark-free tools for flammable/explosive materials.
• Store in dedicated warehouses/areas/storage rooms managed by designated personnel. Equip ventilation,
explosion-proof, and fire prevention facilities based on material type and properties.
• Chemicals prone to fire/dampness hazards must not be stored outdoors or in damp areas. Do not mix
incompatible chemicals or those requiring different firefighting methods. Immediately address any abnormalities
during storage.
Other inorganic compounds (white/yellow phosphorus, arsenic and its Material requisition
compounds, selenium and its compounds)
Substances of Very High Concern (SVHC) Candidate List recently
published by the European Chemicals Agency (ECHA)
the workshop director or above, specifying purpose and quantity (1-2 days' supply). Return excess materials
promptly.
Notes: 1. Suppliers must provide written declarations confirming the absence of all prohibited toxic/hazardous substances listed above. • Warehouse staff issue materials upon approval. Both parties must wear protective gear; avoid direct hand
timelines to achieve complete elimination.
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Transportation and handling
Resource Utilization
The Company has established a Water Conservation System encompassing planned water usage, quota management, and
• Handle gently to prevent impact, dragging, or tipping. Do not transport incompatible or reactive chemicals
metering systems, with defined reward/penalty mechanisms and a five-year water-saving plan. Implementation is ensured
together. Provide insulation/moisture protection for heat-/damp-sensitive materials.
through enhanced inspection/maintenance and awareness training. A Water Conservation Leadership Team, chaired by
• Immediately initiate emergency procedures if abnormalities occur during transportation. the Deputy General Manager with members from the Production Department, the Equipment Department, and other key
departments, oversees corporate water management and conducts regular usage audits. The Production Department serves as
the water resources and metering authority, with designated part-time administrators responsible for internal water consumption
measurement and departmental usage reporting. All department heads manage their respective units' conservation efforts,
Usage collaboratively advancing water-saving and emission reduction initiatives.
During the reporting period, the Company implemented various water-saving renovation projects and conducted water
conservation campaigns, specialized training sessions, and lectures. It actively participated in water conservation training
• Follow safety systems and regulations, and wear protective gloves, masks, etc. programs organized by water administration authorities. Through measures such as posting water-saving slogans at usage
• Inspect containers before/after use; avoid spills, tipping, or leaks. User departments must equip relevant points and displaying banners, the Company enhanced employees' water conservation awareness. The Company has achieved
areas with firefighting equipment. its target of maintaining total water consumption ≤218,244 tons.
Waste disposal
• Follow the Waste Management Procedure:Dispose of hazardous waste (e.g., empty barrels, expired/
remaining chemicals) in designated hazardous waste bins. Hand over to licensed disposal units; no littering
is allowed.
Additionally, the Company has formulated the Emergency Response Plan for Hazardous Chemical Leaks and the
Emergency Response Plan for Hazardous Chemical Transportation Accidents. These plans specify departmental
responsibilities, alarm procedures, leak prevention measures, and rescue protocols for chemical leaks and transportation
incidents respectively. They provide emergency contact information including the Company's emergency hotline, and
adhere to unified command principles to minimize accident impacts.
Publicity for Environmental Protection
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Unit 2024 2023 2022 Case Automatic Discharge and Recycle Treatment System for Cooling Circulating Water
Total water consumption Tons 222,723 190,579 306,062
Total net freshwater consumption m3 222,723 190,579 306,062
In November 2024, the Company implemented an automatic discharge and recycle treatment system for
Water intake volume by water source: municipal cooling circulating water. When water conductivity reaches threshold levels, the system automatically
m3
water supply discharges high-conductivity concentrated water to a recycling basin for purification before replenishing
the circulation system. This automated supply-discharge system significantly improves water efficiency and
Data Coverage Explanation: reduces circulating water consumption.
Electronic Material Co., Ltd.
The high-conductivity water is collected in the recovery basin and returned to the water treatment system
for processing. Based on the actual evaporation rate of the cooling tower, the concentrated water treatment
efficiency reaches approximately 70%, with an estimated water reduction of 1,000 m?/a.
Water Conservation Retrofit Project Water Savings
Water-efficient sprinklers for landscaping 200m?/a
Circulating water system maintenance 300m?/a The Company promotes green office initiatives by prioritizing digital systems to maximize paperless operations. The Company
has implemented OA, ERP, and MES systems to handle all management documents through digital approval and sharing,
Reuse of purified water production rinse water 1000m?/a with the exception of essential physical documents required for on-site operations. As of the end of the reporting period, the
Company had digitized 32 approval workflows, achieving significant reductions in both processing time and paper consumption.
Optimized park irrigation plan 200T/a
Cooling water system maintenance 500T/a
Domestic water pipeline maintenance 500T/a
Achievements
The Company adheres to a people-oriented development philosophy, continuously
optimizing talent management. The Company maintains a growth-supportive and
incentive-driven talent mechanism by offering competitive compensation and bene-
fits, while fostering an open, fair, collaborative, and inclusive work environment to
unlock employee potential and achieve mutual growth between individuals and the
organization.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Employee Rights and Benefits Key Performance
The Company adheres to the principles of "Openness, Fairness, Impartiality, and Merit-based Selection" in employee
recruitment. The Company respects and safeguards fundamental employee rights, provides equal development opportunities,
and strives to optimize talent utilization across selection, development, deployment, and retention to achieve mutual growth.
During the reporting period, the Company maintained a total workforce of 904 employees, comprising
Recruitment and Employment insurance coverage and a 19.69% employee turnover rate.
The Company strictly complies with laws and regulations, having established institutional documents including the Number of employees
Human Resource Management System and Employee Handbook. The Company continuously improves its policy Number of female employees Number of employees over below 30 years old
framework for compliant employment and rights protection, prohibiting child labor and forced labor while eliminating 126 103
Persons 221 Persons
discriminatory or harassing behaviors. These efforts actively build a diverse, equitable, and inclusive workplace
Persons
environment. During the reporting period, the Company recorded zero incidents of child labor, discrimination, or
forced labor.
Number of
Number of
employees by
employees by age
gender
Non-Discrimination and
Prohibition of Child Labor
Anti-harassment
Number of male
• The Company's Child • The Company's Non-Discrimination and Anti-harassment employees Number of employees
Labor Prevention Procedures explicitly guarantee equitable employment 778
aged 30-50
Procedures explicitly opportunities. All employment decisions - including hiring, Persons 580
prohibit the recruitment compensation, training, promotion, demotion, and retirement Persons
of minors under 16 years - are based solely on job competence and business needs,
old, with mandatory ID without consideration of gender, age, religion, race, caste,
Number of employees
verification during hiring origin, social background, disability, nationality, union affiliation, with master's degree Number of Number of
to ensure accurate age political stance, sexual orientation, family responsibilities, employees with Number of employees in employees in middle
confirmation. Should marital status, or health conditions. In addition, the Company Persons
senior management management
any employee under strictly upholds the dignity and equal status of all personnel 3 11 59
Number of employees Persons Persons Persons
identified, the Company clients, and visitors within company premises. These 112
will implement all measures comprehensively safeguard against physical, verbal, Persons
necessary support psychological, and sexual harassment or abuse in any form.
measures and actions
• Employees who believe they have experienced discrimination
to ensure the safety, Number of employees Number of
or harassment may file complaints orally or in writing directly to
health, education, and by education employees by rank
the General Manager. The General Manager or Deputy General
development of the background
Manager will designate investigators to respond with findings
discharged child laborer.
to the complainant within five working days. For verified cases:
Minor violations require education and formal acknowledgment
of wrongdoing; Severe cases will face criminal liability Ordinary
employees
prosecution; The involved department must immediately rectify Number of employees with 834
discriminatory practices. Additionally, union representatives levels of education below
Persons
bachelor's degree
hold monthly meetings with members to review potential
discrimination or harassment across all operational aspects. Persons
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Compensation and Benefits Health and Safety
The Company recognizes that a comprehensive compensation and benefits system is essential for attracting and
The Company implements national work safety policies in strict compliance with the Work Safety Law and
retaining top talent. The Company provides competitive salary structures and benefits packages in full compliance
Occupational Disease Prevention and Control Law, fulfilling work safety responsibilities through enhanced safety
with national and local regulations. The Company's compensation structure comprises base salary, overtime pay,
awareness training to prevent major accidents. During the reporting period, the Company was selected as a "Standing
comprehensive allowances, bonuses (including perfect attendance awards and discipline-based incentives), and
Council Member Unit of Suqian Work Safety Management Association".
adjustments. The Company guarantees all employee wages meet or exceed local minimum wage standards.
The Company firmly upholds the "safety first" principle, continuously optimizes its safety management system, has compiled
the Work Safety Rules and Regulations, rigorously implements hazard identification and remediation, and consistently elevates
safety management standards. The Company implements multidimensional safety awareness enhancement through regular
Benefits System safety inspections, specialized training sessions for relevant personnel, and routine emergency drills.
Special Benefits
• Social insurance: pension insurance,
• Meal subsidy: cafeteria dining allowance
work injury insurance, unemployment
insurance, basic medical insurance, critical • Housing assistance: Employees residing
illness medical aid insurance, maternity over 20km from the Company may apply
insurance for accommodation or rental subsidies.
• Housing fund: housing provident fund • Business travel allowance: official travel
expense reimbursement for work-related
• Leave entitlements: statutory holidays,
trips.
marriage leave, bereavement leave, work
injury leave, maternity leave, and family • Other benefits: summer welfare benefits, The Company and Its Subsidiary Guangxin Nano's ISO 45001 Occupational The Company - Grade II Standardized
Health and Safety Management System Certification Enterprise for Work Safety Certification
planning leave, etc. high-temperature subsidies, seniority
awards, employee referral bonuses, and
holiday gifts/cash allowances, etc.
Work safety policy: Safety First, Prevention Priority; People-Oriented, Life Valuing;
Comprehensive Management, Continuous Improvement.
Statutory Benefits
The Company has established a work safety leadership group, chaired by the General Manager, responsible for approving
safety management objectives. Primary department heads are in charge of daily safety management, while the EHS
Department conducts inspections and evaluations of safety implementation.
To attract and retain high-level technical talent, the Company implements customized "one-person-one-salary" compensation
strategies for individuals with master's degrees (or higher) or senior professional titles, ensuring remuneration aligns with
both capability and contribution. Additionally, the Company provides specialized housing subsidies or directly allocates
rental accommodations for high-skilled technical talent, while assisting with spouse employment and children's education Key Safety Management Systems
arrangements to effectively address talent retention concerns. Furthermore, the Company has established a special equity
incentive plan, enabling core technical personnel to hold company shares and share in the enterprise's development
achievements. Work Safety Education and • Provide three-tier work safety training for all employees (including new hires,
Training System contract workers, and temporary staff).
• Implement occupational health knowledge training and disease prevention
Occupational Health Management
measures for positions exposed to occupational hazards. Employees are required
System and Operating
to understand the occupational hazard factors specific to their roles and comply
Procedures, etc.
with the Company's PPE (personal protective equipment) wearing requirements.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
The Company conducts irregular safety risk analyses and compiles safety risk and responsibility lists. These responsibilities
• Combine specialized inspection with workshop-level inspection, daily inspection
are assigned to relevant departments and individuals. Through work safety meetings, monthly safety meetings, annual safety
with regular inspection, and general inspection with key inspection. Ensure
Work Safety Inspection and meetings, and ad hoc safety meetings, the Company stays informed about the safety performance during different periods. This
Hazard Rectification System, inspections at every level to plug loopholes. Implement a three-tier safety
strengthens safety management and ensures the effective implementation of all safety measures.
Work Safety Hazard Investigation inspection process (company/workshop/team).
and Governance System, etc. • Major safety hazards identified in inspections are promptly reported to relevant
personnel for resolution. Key Performance
Emergency Plan Management • Establish an emergency management system, deploy response measures for
System, Emergency Rescue sudden accidents in accordance with emergency plans, and ensure the effective
Support System, etc. execution of emergency work.
During the reporting period, the Company organized 9 specialized training sessions on hazardous
chemical usage, occupational health, fire safety, and emergency response. External emergency
Special Equipment Emergency • By establishing a systematic safety management system for special equipment,
regulatory inspections, gas safety checks, special equipment inspections, hazardous chemical usage
Plan and Safety Operating the operational risks of forklifts, elevators, pressure vessels, and other special
Procedures, Special Operations equipment are covered. Targeted emergency plans and safety operating audits, major holiday inspections, specialized inspections, and routine inspections totaled over
Personnel Management System, procedures are developed to ensure that relevant personnel are equipped with
instances.
Special Equipment Management safety knowledge and certified for their roles, systematically reducing the risk of
System, etc. production interruptions and safeguarding employees' occupational safety.
A total of safety training sessions were conducted, with cumulative work safety training hours
Safety Responsibility and
• Establish a reward fund specifically designated for work safety assessment. This
fund is used to recognize and incentivize employees who achieve outstanding
reaching 776.5 .
Reward-Punishment System results in work safety, propose reasonable suggestions, promptly eliminate
hazards, meet safety management objectives, and prevent work-related injuries.
Case Work Safety Emergency Drill
The Company sets safety objectives at both the corporate and departmental levels and tracks progress toward these goals.
In June 2024, the Company conducted a systematic emergency drill for work safety accidents, which
Overall objective Completion status included three specialized exercises: fire emergency evacuation, electric shock rescue, and ethanol leak
response. Each drill involved five functional teams, such as the emergency rescue team and logistics
Zero occurrence of fire/explosion Achieved support team, equipped with corresponding supplies. The entire evacuation process was completed within
five minutes. The drill identified shortcomings and issues in employees' emergency response capabilities,
No major safety incidents, occupational diseases, or suspected providing clear direction for subsequent training and plan improvements.
Achieved
occupational diseases for the year
Key Performance
During the reporting period, the Company's total investment in work safety amounted to RMB
No incidents of fire, explosion, electric shock, or major financial losses occurred company-wide. There
were zero work-related fatalities and zero cases of occupational diseases. Fire Emergency Drill Risk Identification Training
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Employee Growth Case Environmental and Occupational Health & Safety Management System Training
The Company places high importance on employee growth by establishing a systematic training and learning mechanism to
promote long-term sustainable development. At the same time, the Company actively fosters a harmonious and collaborative
work environment, conveying warmth through a people-oriented approach, ensuring employees feel valued and supported,
In July 2024, the Company invited external experts to conduct training on Environmental Factors and
thereby advancing together with the Company.
Hazard Assessment Methods for the general manager and relevant department colleagues. The training
focused on ISO 14001 and ISO 45001 standards, emphasizing the identification methods and evaluation
requirements for environmental factors and hazards. It clarified the scope of identification, covering areas
Training and Development such as solid waste, wastewater, noise, resource consumption, and fire risks in office and project sites, as
well as scenarios requiring re-identification and re-evaluation, and management control measures. Through
Keeping pace with the times and remaining committed to continuous learning are the cornerstones of maintaining on-site Q&A assessments, the training ensured all participants correctly understood the knowledge,
competitiveness and value. Each year, The Company designs customized annual training plans for employees, effectively enhancing their comprehension of the management system.
covering comprehensive and diverse topics such as new employee onboarding, work safety standards reinforcement,
operation and management skills enhancement, professional skill development, and R&D innovation breakthroughs.
Utilizing a mix of online and offline formats, as well as combining theory with practice, these training programs
support holistic employee growth and corporate development.
Employee Career Promotion Path Case New Employee Training
Operation worker
Management (M) Professional (P) Sales (S) Functional (F)
(W)
Level In June 2024, to help new hires quickly familiarize with the Company, understand their responsibilities and
Management Technical / functional (skills) code of conduct, and gain a comprehensive overview of Company Culture and policies, The Company
organized its first batch of new employee training in 2024 for the year, with 17 participants. The HR
Department head systematically introduced the Company's culture and policies, while the Safety Office
M8
General head thoroughly explained safety regulations, corporate safety red lines, job-specific risk points, and
Manager General
manager protective requirements. By sharing real safety incidents and screening safety awareness videos, the
Deputy General level training highlighted the severe consequences of non-compliance (e.g., failing to wear personal protective
M7 P8 Chief Engineer
Manager equipment as required). Discussions centered on "the dangers of complacency" and "the necessity of
Seasoned safety precautions", with new employees actively sharing insights and raising questions.
M6 Senior Director P7 Senior Engineer S8
Business Specialist Director The training strengthened employees' sense of belonging and alignment with the Company. Participants widely
Associate Senior Senior Business Seasoned
level reported that the safety cases left a deep impression, helping them understand the life-saving and family-
M5 Director P6 S7 F8
Engineer Specialist Specialist protecting principles behind safety rules, thereby reinforcing their commitment to work safety.
Intermediate Business
M4 Senior Manager P5 S6 F7 Senior Specialist
Engineer Specialist Manager
Seasoned level
M3 Manager P4 Junior Engineer S5 F6 Specialist
Business Officer
Senior Senior Senior Business
M2 P3 S4 F5 Seasoned Clerk
Supervisor Technician Officer
Supervisor
Intermediate Intermediate level
M1 Supervisor P2 S3 F4 Senior Clerk
Technician Business Officer
Junior Junior Business Intermediate
P1 S2 F3
Technician Officer Clerk
S1 Sales Assistant Senior
F2 Clerk W3
employees
Staff level
Skilled
F1 Junior Clerk W2
employees
New Employee Training
Ordinary
W1
employees
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Unit 2024 Case "Warmth Delivery Initiative" for Employees in Special Hardship
Total training hours Hours 28,757.5
Average training hours per employee Hours 31.81
To provide tangible support to employees facing extreme financial difficulties, the Company launched
Total training hours for senior management Hours 8.25 its annual "Warmth Delivery Initiative". The program requires subsidiaries and departments to identify
eligible employees who meet special hardship criteria and have served the Company for at least one year.
Average training hours per senior management Hours 2.75 Applicants submit supporting documents for departmental verification, followed by reviews at grassroots
workshop, branch plant/department levels before final consolidation by the labor union. Approved cases
Total number of training sessions per year Times 58 receive tailored financial assistance. In 2024, the Company disbursed RMB 8,000 in aid through this
program. By establishing a standardized and transparent application review process, the Company
Annual training expenditure RMB 10,000 10 provides timely and effective material assistance as well as emotional support to employees facing
significant hardships. This initiative reflects fulfillment of the enterprise's social responsibility toward its
Number of employees trained Person-time 1,214
workforce and conveys the organization's humanistic care.
Employee Care
Case Delivering Coolness in the Heat, Conveying Corporate Care
The Company places high importance on employee care and fostering a positive organizational atmosphere. On one hand, the
Company actively promotes work-life balance by regularly organizing various cultural and sports activities to enrich employees'
leisure time, enhance their satisfaction and sense of belonging, and build a harmonious and cohesive work environment. On the
other hand, the Company improves communication and feedback mechanisms, establishes the Whistleblowing and Complaint
To combat prolonged summer heat and safeguard
Management Measures, sets up employee suggestion boxes across the facility, and holds regular employee forums to ensure
the health and work safety of frontline employees
open channels for voicing concerns. Additionally, the Company pays special attention to the well-being of female employees
working outdoors and in high-temperature
by implementing parental leave policies and organizing dedicated activities during International Women's Day, including gift
workshops, the Company implemented measures
distributions and health consultation services, to demonstrate comprehensive care for female staff.
from July to October 2024 in Ningbo and Suqian.
These measures included distributing high-
temperature allowances and summer supplies,
adjusting cafeteria menus, and providing mung
Key Performance bean soup. Additionally, 500 frontline employees
received chilled electrolyte-rich salt soda, effectively
reducing the risk of heatstroke and heat exhaustion
while preventing sudden health incidents. These
actions not only conveyed the Company's warmth to
During the reporting period, the Company's subsidiary Guangxin Nano conducted its annual employee those working in extreme heat but also significantly
satisfaction survey, with a total of 222 employees participating. The overall employee satisfaction
enhanced the sense of belonging among frontline
employees. Delivering Coolness in the Heat
score reached points.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Case Building Friendship Through Sports, Promoting Cross-Departmental Exchange and Health
Employee Activities
To advocate for a healthy lifestyle, the concept of happy work, and to enhance cross-departmental
collaboration, the Company created a WeChat group for sports enthusiasts. Through weekly sign-up
activities initiated by the group administrator, employees were encouraged to voluntarily participate in
basketball, badminton, or other sports activities after work every Friday. This initiative effectively boosted
employees' health awareness, alleviated work pressure, and, more importantly, broke down barriers
between departments. It fostered mutual understanding and respect among employees, laying a foundation
of trust for formal workplace communication.
New Year Tug-of-War Competition Fun Sports Day on Dragon Boat Festival
Basketball Activity
Party Member Study Activity
Badminton Activity
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Empowering Society
The Company is committed to advancing alongside the industry by actively participating in trade associations, exhibitions, and
standard-setting initiatives. In 2024, the Company attended the 5th Solid-State Battery Key Materials Technology Conference
to stay abreast of cutting-edge industry developments. Additionally, the Company contributed to the revision of the Micro-
Nano Copper Powder industry standard at a meeting organized by the Chinese Nonferrous Metal Standardization Technical
Committee, providing substantial support for the establishment of industry benchmarks.
Co-establishing a Graduate Internship and Practice Base Supporting CAS Ningbo Institute's Outstanding
with CAS Ningbo Institute Graduates Study Tour
Boqian Scholarship Award Ceremony
From 2022 to 2023, The Company launched a rural-enterprise pairing assistance initiative in Daliangshan, Sichuan, donating
funds for two consecutive years. Through concrete actions, the Company supported local development, demonstrated corporate
responsibility, and contributed to rural revitalization and regional progress.
Participating in Industry Standard Revision Meeting
The Company actively promotes industry-academia-research integration and talent development. In collaboration with the
Ningbo Institute of Materials Technology & Engineering, Chinese Academy of Sciences (CAS), the Company co-established
a graduate student internship and practice base and founded the "Boqian Scholarship" with an annual fund to encourage
outstanding students to engage in scientific research. Furthermore, the Company has established in-depth industry-academia-
research partnerships with Dalian University of Technology and China Jiliang University, leveraging combined resources to drive
technological innovation and collaborative talent cultivation for the industry.
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Conclusion
Key Performance Table
Category Indicator Unit 2024 Category Indicator Unit 2024
Environmental protection input RMB 10,000 115.96 Senior management Persons 11
Indirect energy consumption tce 13,958.57 Middle management Persons 59
Electricity Megawatt-hour 113,620.76 Ordinary employees Persons 834
Environmental
Total purchased electricity Megawatt-hour 110,257.79 Total investment in work safety RMB 10,000 54.52
performance
Total water consumption Tons 222,723 Total hours of safety training Hours 776.5
Total net freshwater consumption m3 222,723 Total employee training hours Hours 28,757.50
Social
Water intake volume by water source: municipal water supply m3 222,723 Average training hours per employee Hours 31.81
performance
Number of R&D personnel Persons 135 Total training hours for senior management Hours 8.25
R&D investment RMB 10,000 5,017.94 Average training hours per senior management Hours 2.75
Number of valid patents Number 164 Total number of employee training sessions Times 58
Utility patent Number 62 Number of employees trained Person-time 1,214
Utility model patent Number 78 Employee satisfaction % 94.39
Total number of employees Persons 904 Social contribution RMB 10,000 10
Female Persons 126
Social
Male Persons 778
performance
Below bachelor's degree Persons 776
Bachelor Persons 112
Master Persons 13
Doctorate Persons 3
Under 30 years old Persons 103
Over 50 years old Persons 221
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
Indicator Index
Stock Exchange "Guidelines" Indicator Index Global Reporting Initiative (GRI) Standards Index
The Company has reported the information cited in this GRI content index for 2024 with reference
Instruction for Use
Topics disclosed Chapter to the GRI Standards.
GRI 1 used GRI 1: Foundation 2021
Addressing climate change Energy and addressing climate change
GRI STANDARD DISCLOSURE LOCATION
Pollutant emission Pollution control
Waste disposal Pollution control 2-2 Entities included in the organization's sustainability
About this Report
reporting
Ecosystem and biodiversity
Environmental compliance and ecosystem protection
conservation 2-3 Reporting period, frequency, and contact point About this Report
Environmental compliance
Environmental compliance and ecosystem protection
management 2-4 Restatements of information About this Report
Energy utilization Energy and addressing climate change 2-6 Activities, value chain, and other business relationships ESG management
Utilization of water resources Resource utilization Employee rights and benefits;
growth
Circular economy Resource utilization
GRI 2: General 2-9 Governance structure and composition Corporate governance
Rural revitalization Empowering society Disclosures 2021
Social contribution Empowering society
Innovation-driven development Innovation-driven development 2-16 Communication of critical concerns ESG management
Not involved. The core business of the Company does not involve scientific research 2-17 Collective knowledge of the highest governance body Corporate governance
Technology ethics and technology development in sensitive fields such as life science and artificial
intelligence ethics. 2-25 Processes to remediate negative impacts Customer service
Supply chain security Supply chain security Business ethics; Employee
growth
Not involved. The Company treats SMEs equally, and there is no overdue payment
Equal treatment of SMEs 2-29 Approach to stakeholder engagement ESG management
for SMEs.
Product and service safety and
Product quality; Customer service 3-1 Process to determine material topics ESG management
quality
GRI 3: Material Topics
Data security and customer
Intelligent manufacturing and data security 3-2 List of material topics ESG management
privacy protection 2021
Employees Employee rights and benefits; Health and safety; Employee growth
Due diligence Risk internal control GRI 201: Economic
Performance 2016 201-3 Defined benefit plan obligations and other retirement
Employee rights and benefits
Stakeholder communication ESG Management plans
Anti-commercial bribery and anti-
Business ethics
corruption
Anti-unfair competition Business ethics
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Opening Governance Foundation Products Green Environment Achievements Conclusion 2024 Social Responsibility Report
GRI STANDARD DISCLOSURE LOCATION GRI STANDARD DISCLOSURE LOCATION
GRI 203: Indirect
Economic Impacts 203-2 Significant indirect economic impacts Empowering society Health and safety
investigation
Business ethics 403-3 Occupational health services Health and safety
policies and procedures
GRI 403: Occupational on occupational health and safety
Health and Safety 2018
GRI 207: Tax 2019
See the annual report 403-6 Promotion of worker health Health and safety
related to tax
safety impacts directly linked by business relationships
Energy and addressing climate 403-8 Workers covered by an occupational health and safety
change management system
Energy and addressing climate
GRI 302: Energy 2016 302-4 Reduction of energy consumption 404-1 Average hours of training per year per employee Employee growth
change GRI 404: Training and
Employee growth
services change assistance programs
Corporate governance; Employee
Equal Opportunity 405-1 Diversity of governance bodies and employees
rights and benefits
GRI 303: Water and
Effluents 2018
GRI 406: Non-
discrimination 2016
Energy and addressing climate
change GRI 413: Local 413-1 Operations with local community engagement, impact
Empowering society
GRI 305: Emissions Energy and addressing climate Communities 2016 assessments, and development programs
Energy and addressing climate
change
GRI 306: Waste 2020
GRI 401: Employment 401-2 Benefits provided to full-time employees that are not
Employee rights and benefits
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Jiangsu Boqian New Materials Stock Co., Ltd.
Add: No.23 Jiangshan Avenue, High-tech Development Zone, Suqian City, Jiangsu Province
Tel: 0527-80805772
Fax: 0527-80805929
E-mail: pvm@boqianpvm.com
Website: www.boqianpvm.com
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