Environmental, Social and Governance (ESG) Report
SHENZHEN SENIOR TECHNOLOGY MATERIAL CO., LTD.
Be the best global function separator manufacturer
About This Report Reporting Principles
This report has been prepared in accordance with four key reporting principles: "Materiality", "Quantitative", "Balance", and "Con-
This report is the third Environmental, Social, and Governance (ESG) Report (the "ESG Report" or "the Report") published by
sistency", ensuring that the expectations of stakeholders related to Senior are effectively addressed.
Shenzhen Senior Technology Material Co., Ltd. (hereinafter referred to as the "Company" or the "Group"). It provides an overview
of the management philosophy, initiatives, and key achievements of the Company and its subsidiaries (collectively referred to as
"Senior," "the Company," or "we/our/us") in ESG-related areas for the year 2025. The preparation of this report has fully considered the Company's business characteristics and identified current
material ESG topics through stakeholder engagement. The findings have been submitted to the Board of Directors
for approval. The final material topics, approved by the Board, serve as the foundation for this report and are thor-
Abbreviation Explanation
Materiality
oughly addressed throughout.
An ESG data collection and verification mechanism has been established. Where applicable, this report includes an-
Abbreviation Full Company Name
nual comparative data to help stakeholders track the progress of ESG management.
Quantitative
Senior, the Company, we/our/us, or Senior Shenzhen Shenzhen Senior Technology Material Co., Ltd.
This report also highlights areas for improvement and outlines plans to address relevant topics, ensuring that no
Senior Nantong Senior (Nantong) New Material Technology Co., Ltd. critical aspects are overlooked and that decisions are made transparently, without undue influence on stakeholder
Balance decision-making.
Senior Changzhou Changzhou Senior New Energy Materials Co., Ltd.
The quantitative data in this report are collected and disclosed consistently with previous reports, enabling stake-
Senior Jiangsu Jiangsu Senior New Material Technology Co., Ltd.
holders to analyze and assess performance over time. Any changes or updates in certain data scopes are clearly ex-
Consistency plained for stakeholder reference.
Senior Hefei Hefei Senior New Energy Materials Co., Ltd.
Scope of the Report
Senior Foshan Senior (Foshan) New Material Technology Co., Ltd.
Senior Europe Senior Material (Europe) AB
The Reporting Period for this report is from January 1, 2025 to December 31, 2025 ("during the Reporting Period"). Some content
ASEAN Base INV New Material Technology (M) Sdn. Bhd. may extend appropriately beyond this period.
Unless otherwise specified, the policy documents, statements, data, and other information in this report reflect the actual busi-
ness scope of Senior. All monetary amounts are presented in Renminbi (RMB) in this report, unless otherwise stated.
Basis for Preparation
Global Reporting Initiative (GRI) Sustainability Reporting Standards (GRI Standards) Data Sources
United Nations Sustainable Development Goals (SDGs) The data and information presented in this report primarily come from publicly available sources, internal statistical reports,
third-party research, administrative documents, and other relevant resources.
Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange – Sustainability Report (For Trial Im-
plementation)
Appendix C2 Environmental, Social and Governance Reporting Code to the Main Board Listing Rules of Hong Kong Stock Ex- Report Access
change
This report is available in both Simplified Chinese and English versions. In case of any discrepancies, the Simplified Chinese ver-
IFRS Sustainability Disclosure Standard 2 — Climate-related Disclosures (IFRS S2) sion shall prevail. The electronic version of the report can be accessed on the Company's official website. For any comments or
suggestions regarding this report, please feel free to email us at esg@senior798.com.
Chairman's Statement People-centric approach: Upholding the "One Senior" value community together
Our growth is inseparable from the efforts of every Senior employee. We uphold the "One Senior" values, advocating for a diverse
and inclusive workplace culture. From safeguarding employee rights and ensuring equal pay for equal work to implementing the
"Happy Work, Content Remuneration, and Comfortable Life" philosophy to improve employee welfare, and from ISO 45001 Occu-
Shenzhen Senior Technology Material Co., Ltd.
pational health and safety systems to establishing a comprehensive talent development pipeline, we are committed to ensuring
Chairman that every employee grows and shares in the Company's success. We also collaborate with supply chain partners by signing the
Senior Supplier Sustainability Commitment Letter and Sunshine Agreement , jointly building a responsible, transparent, and sus-
tainable industrial ecosystem.
Xiufeng Chen
Time remains silent, yet its imprint endures. Looking back from the
milestone of 2025, Senior has devoted more than two decades to the
Culture of responsibility: Deepening the connotation of ESG governance
lithium-ion battery separator industry. Amid a profound global ener- Governance is the cornerstone of sustainable development. We have established a three-tier ESG governance structure compris-
gy transformation, we remained true to our original aspiration and ing the Board of Directors, the ESG Office, and the ESG Working Group, with the Board of Directors as the highest decision-making
further embedded sustainability into our corporate strategy. Guided body for ESG matters, ensuring effective alignment between the strategic design and implementation of our sustainability agenda.
by our core driver of "in-depth technology + diverse applications", we We actively embrace change, and further improve the scientific rigor and transparency of our decision-making processes through
have continued to build a solid and sustainable foundation on our measures such as optimizing the governance structure and introducing employee directors, effectively safeguarding the rights and
journey to becoming a global leader in the lithium battery separator interests of all shareholders and stakeholders.
industry.
Persevering forward, with a promising future ahead
At this pivotal moment in the global energy transition, every member of Senior is both a participant in and a witness to this pro-
found green transformation. Looking ahead, we will engage the global market with greater openness, refine our products to even
higher standards, and fulfill our social responsibilities with unwavering determination. Through continuous technological innova-
tion, we are committed to advancing industry upgrades, creating greater value for our customers, delivering sustainable returns
Strategic leadership: Anchoring the ambitious goal of carbon neutrality for shareholders, and contributing stronger green momentum in society.
The year 2025 marks a significant milestone in Senior's green transformation. We fully recognize that climate change is a critical
challenge affecting the future of humanity. In response, the Company formally established its carbon neutrality goal this year—an
initiative that represents not only a commitment, but also a profound process of self-transformation. By actively embracing the
opportunities presented by carbon peaking and carbon neutrality, we are committed to building a clean, efficient, and circular
green manufacturing system. Through these efforts, we strive to contribute "Senior solutions" to the global energy transition.
From a single spark that inspires progress to
Green pioneers: Building a solid low-carbon development moat
Our efforts in green manufacturing have delivered tangible results. In 2025, we became the first company in China's lithium bat- a force that anchors the industry's develop-
ment, Senior's journey has been defined by
tery separator industry to receive the EU Next Generation (NG) Gold Level Certification. This is not only international recognition of
Senior's technical strength but also our green commitment to the global industry chain. Senior Nantong was awarded the "Green
the courage to lead and the vision to grow
Factory in Jiangsu Province" title, and our bases in Foshan, Jiangsu, Nantong and ASEAN have fully launched distributed photo-
voltaic power generation and waste heat recovery projects, turning every square meter of factory space into a production end-
alongside the broader ecosystem.
point for green energy. Beyond advancing our own development, we are committed to driving progress across the industry. Sen-
ior has taken the lead in drafting industry standards such as Greenhouse Gas Emission Accounting Requirements for Lithium-Ion
Battery Separator Manufacturing Enterprises to guide the industry toward a standardized and low-carbon future.
About Senior
tive electrodes through solid materials rather than conventional liquid electrolytes, offering significant potential in terms of safety
and energy density.
Building on its core technologies in the functional membrane sector, the Company has also extended its products to applications
Company overview such as heat exchange membranes, waterproof and breathable membranes, and water treatment membranes, which serve air cir-
culation and energy recovery systems, outdoor functional apparel, and municipal water treatment, respectively, providing reliable
material solutions for green energy, semiconductor, and other high-value industries.
Senior is a national high-tech enterprise specializing in the research and development, production, and sales of lithium-ion bat-
tery separators, and is committed to providing global customers with high-quality products and systematic solutions. Founded
Leveraging continuous technological innovation, a leading and diversified product portfolio, high-quality and efficient scale pro-
in 2003, the Company has been deeply involved in the new energy and new materials sectors for over 20 years, and has been ad-
duction capacity, forward-looking global deployment, and a stable international customer network, Senior maintains a leading
vancing its technological innovation and scale manufacturing capabilities.
position in the global lithium-ion battery separator industry. Below is an overview of the Company's key achievements:
With the mission of "creating a new life with SENIOR film". Its product portfolio includes dry-process, wet-process, and coated-pro-
cess separators for lithium batteries, widely applied in industries such as new energy vehicles, energy storage power stations, Market share Designed overseas capacity
electric bicycles, power tools, aerospace, medical devices, and the digital sector.
Dry process: 1st Over 2 billion square meters
In 2024, we ranked first in the dr y-process
Senior stands out with its strong technical capabilities in lithium battery separators. The Company is the first globally to propose Designed an annual overseas capacity.
separator market share (by shipment volume).
"power lithium battery separators". As a key high-tech enterprise under the National Torch Program, we are the first Chinese com-
Wet process: 2nd
pany to break the foreign monopoly on dry-process single-stretch technology for lithium battery separators and the first Chinese
In 2024, we ranked second in the wet-process
lithium separator manufacturer to mass-export these separators internationally. Additionally, the Company is the first of its kind separator market share (by shipment volume).
in China to simultaneously own dry-process, wet-process, and coated-process separator manufacturing technologies and to list on 14.4%
the capital market with separators as its core business. Market share in 2024 (by total shipment volume).
As one of the core components of a lithium-ion battery, the separator plays a crucial role in isolating the positive and negative
electrodes to prevent physical short circuits, while also serving as an electrolyte carrier to enable efficient lithium-ion conduction. Global layout Manufacturing
The performance of the separator directly impacts the safety, stability, energy density, and overall production cost of lithium-ion
batteries. Senior is the first to master the core dry-process uniaxial stretching technology for lithium-ion battery separators, and Four global R&D centers Industry leader
has established a significant technological barrier in the relevant fields. Japan, Sweden, Shenzhen, Nantong The fifth-generation wet-process super production
line has a single-line annual capacity of 250
As an early entrant in the industry, the Company has become a globally influential enterprise of lithium-ion battery separators. It million square meters.
Nine production bases
has in-house equipment design and manufacturing capabilities, an independent technology system covering key processes, and a United States, Malaysia, Sweden(under construc- Ranking first in the lithium-ion battery separator
competitive microporosity forming platform. Its products lead the industry in key performance metrics such as thickness control, tion) industry.
porosity stability, thermal shrinkage, breathability, and puncture strength. In the domestic market, the Company serves a broad Shenzhen, Changzhou, Jiangsu, Hefei, Nantong,
Few in the industry
base of leading lithium-ion battery manufacturers, including CATL, BYD, CALB, Gotion High-Tech, Sunwoda, Qingtao Energy, EVE Foshan
Possessing in-house equipment R&D capabilities.
Energy, Xiamen Hithium, and Zhuhai CosMX, among others. In international markets, the Company supplies products in volume to
top-tier manufacturers such as LG Energy Solution (LGES), Samsung SDI, Envision AESC, SK On, Murata, SAFT, and power battery
subsidiaries under Volkswagen Group, while maintaining business partnerships with multiple global lithium-ion battery leaders.
The Company has received numerous recognitions from key customers, including LGES's "Quality Excellence Award" and "Out- R&D Customers
standing Supplier Award", EVE Energy's 2025 "Pioneer Award", and CALB's "Outstanding Supplier Award". Through continuous
performance enhancement and the development of innovative products, the Company further strengthens its competitive posi-
The only lithium-ion battery enterprise Over 100 global
Awarded the First Prize of the National Science Over 100 global lithium-ion battery customers.
tion in the global market.
and Technology Progress Award.
The top ten global
While consolidating its leadership in the lithium-ion battery separator business, Senior continues to expand into functional mem-
China's first lithium-ion battery enterprise Established stable partnerships with the top ten
branes and advanced materials. Guided by its "in-depth technology + diverse applications" strategy, the Company has developed
Possessing dry-, wet-, and coated-process separa- global lithium-ion battery manufacturers.
a diversified product portfolio encompassing solid-state electrolyte membranes and various functional membranes. Solid-state
tor manufacturing technologies.
electrolyte membranes, primarily used in next-generation battery systems, enable ion conduction between the positive and nega-
Business distribution
After more than two decades of development, Senior has established a global strategic network, with its headquarters in Shen-
zhen and nine production bases in Shenzhen, Hefei, Changzhou (two locations), Nantong, Europe (Sweden), Foshan, ASEAN, and
the U.S. The Company also operates R&D centers in Shenzhen, Osaka (Japan), Nantong, and Sweden (Europe). Senior has devel-
oped an integrated system of R&D, production, and sales, forming a highly intensive, efficient, and resilient product supply chain,
cementing its position as a leader in the global lithium battery separator industry.
Jiangsu/Senior Changzhou/Senior Jiangsu/Senior
Senior Material (Europe) AB/Senior Nantong and East China Research Institute
Material Europe Technology Center
Hefei, Anhui/Senior Hefei
Green New Energy Materials, Inc. Osaka, Japan/ Osaka
Research Institute
Guangdong/Senior Shenzhen and
R&D Center/Senior Foshan
ASEAN Base
Honors and Certification ESG
Technological innovation
Award
Shenzhen Polymer Industry Association Shenzhen Polymer Industry Association Shenzhen Polymer Industry Association
The 6th Polymer Industry Innovation 2024 Enthusiastic Contribution Award 2024 5A Member
Award
CCXGF The 1st China "ESG and Corporate Value
Award 2025 Best A-Share ESG Practice Award
China Automotive Power Battery
Industry Innovation Alliance (CAPBIA) Guangdong Battery Industry Association
The 7th Shenzhen Industrial Award
Top 15 Enterprises with Outstanding 2025 Leading Enterprise
Industry Contribution
Wind ESG A Rating SZSE CNI Index ESG AA Rating CCXGF ESG A Rating
Co-Drafting Unit of the Group Standard
Guangdong Battery Industry Association
T/GDBIA 008-2025, Design Specification
Advanced Technology Innovation 2024 Changzhou "Five-Star Enterprise"
for Integrated Green, Low-Carbon, and
Organization
Efficient White Oil Extraction, Recovery,
and Recycling in Wet-Process Lithium
Battery Separators
Leading Enterprise in Shenzhen's
Quality-Driven City Development
Government of Penang, Malaysia
SPEED Administrative Innovation Award
adsalecprj.com
Partners
Plastic Technology Trends
LGES Appreciation Plaque
Shenzhen Power Supply Technology Society
Standard Innovation Contribution Award
Report Summary
Environmental Governance
GHG emissions density Industrial wastewater reuse rate
Shareholders' meetings held Board of Directors' meetings held
Total investment in environ-
General solid waste recycled
mental protection
RMB 83.88 million
Information disclosure announce-
ments published
Investor communication events
held
Renewable energy consumption 199 4
Risk management and culture pro- Training sessions on business eth-
motion sessions held ics and anti-corruption held
Social
R&D investment Cumulative valid patents obtained
RMB 278 million 490
ISO 9001:2015 Quality management Employee social insurance con-
systems certification tribution rate
Permanent employees health check-up Investment in employee occupa-
coverage rate tional health and safety
Responsible
Governance
Achieving Sustainable Value
Creation
Material Topics in This Section
Corporate Governance
Business Ethics
Risk Management
Response to United Nations Sustainable
Development Goals (SDGs)
ESG management ESG internal training
In terms of internal capability building, the Company conducted a total of nine ESG internal training sessions in 2025. The training
ESG governance mechanism
covered ESG regulations and standards interpretation, promotion of the EU Batteries and Waste Batteries Regulation, ESG rating
management standards, as well as the Company's relevant management measures and action plans, further enhancing employ-
ees'understanding of ESG concepts and requirements.
Senior adheres to the responsible development philosophy, systematically integrating sustainability requirements into the Com-
pany's strategic planning and day-to-day operational management, promoting the synergistic realization of economic, environ- Material topic management
mental, and social value. The Company has gradually built a well-defined and standardized ESG governance system and promotes
the integration of ESG requirements into business management through standardized ESG management processes.
Stakeholder engagement
To proactively address and mitigate ESG-related risks, the Company has developed a systematic risk management mechanism.
This includes regular risk identification, assessment, and response procedures. Meanwhile, the Company continuously conducts Considering industry characteristics and operational realities, and drawing from both domestic and international best practices,
ESG materiality assessments, identifying ESG topics that have significant impacts on its development and, in combination with the Company categorizes its key stakeholders into six main groups: shareholders and investors, customers, employees, govern-
dynamic monitoring of ESG performance, ensuring that related practices align with its development strategy and stakeholders' ment and regulatory agencies, partners, and the community, the public, and media. To foster effective engagement, Senior utilizes
concerns. a variety of communication channels—including its official website, media agencies, special meetings, annual reports, and other
activities—to maintain regular dialogues with stakeholders.
In 2025, the Company further improved the ESG governance mechanism, officially incorporating ESG management into the core
Stakeholders Material Topics Communication Channels
governance framework, with the Board of Directors as the highest decision-making and supervisory body for ESG affairs, forming
a three-tier management structure comprising the Board of Directors, the ESG Office, and the ESG Working Group. By clarifying re- Corporate Governance General Meeting of Shareholders
sponsibilities and coordinating operations, we provide institutional guarantees for the continuous promotion and optimization of
Business Ethics Board of Directors
ESG management.
Risk Management Financial Reports
Shareholders and investors Business Reports
Oversee the Group's ESG-related matters and receive relevant reports. Roadshows and External Exchange
Board of Directors Review and monitor the formulation of ESG and climate-related policies and targets. Product Quality and Safety Product Exhibitions
Review and approve the Group's Environmental, Social and Governance (ESG) Re- Technological Innovation Market Research
port and other ESG disclosure materials.
Customers Customer Service Customer Satisfaction Surveys
Green Products
Coordinate the formulation of the Group's ESG and climate change policies,
strategies, targets, and implementation pathways. Employee Rights and Welfare Employee Activities
Employee Training and Development Employee Training
Oversee the setting, execution, and performance evaluation of the Group's ESG and
climate-related targets. Employees Occupational Health and Safety Corporate Intranet
Lead the identification and assessment of material ESG and climate-related issues, Employee Handbook
ESG Office determine priorities, and develop management plans.
Corporate Governance Regular Communication and Reports
Systematically analyze ESG and climate-related risks and opportunities, and pro-
Business Ethics Institutional Visits
pose corresponding strategies. Government and regulatory
agencies GHG Emissions Policy Implementation
Participate in ESG materiality assessments and provide professional advice to man-
agement. Emissions and Waste Management Information Disclosure
Conduct regular reviews of ESG target implementation and drive improvements in Supply Chain Management Public Tender Meetings
accordance with the Board's requirements.
Compliant Operation Strategic Partnerships
Partners
Product Quality and Safety Exchange and Visits
Serve as the ESG and climate-related liaison for respective departments to support
Emissions and Waste Management Community Volunteer Activities
ESG Working Group the implementation of daily ESG tasks (e.g., providing relevant ESG data and infor-
mation). Clean Technology Opportunities Philanthropy Projects
Community, the public, and Community Investment
Coordinate stakeholder engagement activities related to ESG matters.
media
Materiality assessment
The latest guidelines issued by the Shenzhen Stock Exchange (SZSE) further clarify and emphasize the dual materiality principle,
Review and confirm materiality analysis results
balancing the importance of both impact and financial materiality. On this basis, Senior systematically incorporated dual material-
ity assessment in its ESG management and information disclosure this year, focusing more on the combined impact of ESG topics Conduct dual materiality analysis
Based on international mainstream sustainability
in terms of their effect on external environments and stakeholders, as well as their financial impact on the Company's operations
reporting standards, the focus topics of leading
and value creation. Through various ESG communication methods, we engage stake-
domestic and international peers, and advice
holders through surveys, interviews, etc., to gather feedback on
In the assessment process, Senior evaluated and analyzed 20 ESG topics identified from both financial materiality and impact from professional ESG consultants, we review
their level of concern and comments on ESG topics. On that basis,
materiality perspectives, focusing on key topics that may have a positive or negative impact on its value, providing a reference for and verify the materiality analysis results, and
following relevant ESG reporting guidelines, the identified ESG top-
ESG topic management and related decision-making. determine the final dual materiality topics and
ics undergo dual materiality assessment:
their assessment results.
Identify and update the ESG topic list
Based on the existing topic list, we systematically review and update ESG topics, and form an ESG topic list that Impact materiality assessment: Assess the potential positive and
covers our actual business activities. Specific analysis dimensions include: negative impacts of each topic, take into account factors such as the
scale, scope, irreversibility, and likelihood, as well as stakeholder
survey results and expert ratings, and form an impact materiality
Policy and regulatory trends: Closely track national strategic directions, systematically study national and local
conclusion.
policies and industry regulations, and identify key sustainability topics of the industry.
Financial materiality assessment: Identify risks and opportunities
Corporate development planning analysis: Based on the Company's business strategy, operational priorities, and
related to each ESG topic, analyze their potential impact on business
annual development plans, identify topics of significant importance for the Company's medium- and long-term
operations, financial status, and performance, and set quantitative
development.
thresholds to determine whether the impact is financially material.
Information disclosure standards: Refer to SZSE's sustainability reporting guidelines, GRI standards, United Na-
tions SDGs, SASB, and ISSB disclosure guidelines, etc.
Capital market concerns: Refer to core topics of interest identified by major ESG rating agencies and index sys-
tems.
Peer benchmarking: Benchmark the sustainability reports of leading domestic and international peers, and identi-
fy common ESG topics widely concerned and disclosed by the industry.
Identify the Company's business activities and stakeholders
We sort out our primary business activities, both upstream and downstream, and their position in the value
chain, and clearly define the types and nature of their relationships. At the same time, we identify and confirm
key stakeholders who may be impacted by its business activities.
Step
Step
Dual materiality
Step
assessment process
Step
Senior's Dual Materiality Matrix Corporate governance
Governance structure
Reporting Period, corporate governance operations were conducted in a standardized and orderly manner, and each governance
body performed its duties in compliance with the law, achieving effective decision-making, execution, and supervision, with par-
Impact materiality
exercised by the Audit Committee under the Board of Directors. Additionally, the Company's highest decision-making body, the
Shareholders'
Meeting Strategy and Development
Management Committee
Remuneration and Appraisal
Committee
Board of
Office of the Board Secretary Nomination Committee
Directors
Financial materiality
Audit Committee
Environmental Social Governance Chairman
ance
Management Representatives
Procurement and Logistics
Intelligent Manufacturing
Human Resources Center
ment
Quality Control Center
Each Production Base
Technology Center
Equipment Center
Operations Center
Chairman's Office
Marketing Center
Senior Shenzhen
Finance Center
Center
Center
ment
The Company's Shareholders' Meeting has clearly defined responsibilities, with a well-established Board of Directors' independence and diversity
rule of procedure that is consistently followed. The procedures for convening, holding, and propos-
ing matters at shareholders' meetings are in full compliance with legal regulations and the Compa- Senior continues to advance board diversity. In the director nomination and appointment process, the Company emphasizes
ny's internal systems. board independence and structural diversity. We take into account factors such as gender, age, industry experience, and profes-
sional expertise of candidates to enhance the rigor and prudence of the Board's decision-making. The current Board of Directors
Shareholders' In 2025, the Company held 7 shareholders' meetings, at which 37 proposals were reviewed and comprises seven members, including three independent directors, accounting for 43% of the total, one female director, account-
Meeting approved. ing for 14%, and one employee director, elected by the employee representative assembly.
The professional backgrounds of the Board members span diverse fields, including electronics, materials science, economics, ac-
counting, and chemical engineering, providing essential professional support for the Board's performance and helping improve
decision-making quality, which supports the Company's long-term stable development.
The Board of Directors has clearly delineated responsibilities, and the procedures for convening and
holding meetings align with relevant laws, regulations, and systems. All Board members attend both The Company places great emphasis on the capacity to perform duties and professional development of its directors. Through
the Board of Directors meetings and the General Meetings of Shareholders, exercising their powers various training sessions, learning opportunities, and experience sharing, we continually improve the professional capabilities
in accordance with the law. They diligently perform their duties, continually monitor the Company's and compliance awareness of our Board of Directors members, ensuring they are well-equipped to fulfil their duties effectively.
operations, and actively participate in the Board of Directors meetings. By fully leveraging their pro-
fessional expertise, they make prudent decisions and protect the interests of the Company and its
shareholders.
Investor communication
Board of Directors
and Directors In 2025, the Company held 12 Board meetings, at which 76 proposals were reviewed and ap-
proved, including proposals on regular reports, equity distribution, share repurchase, equity incen-
tives, planned issuance of H-shares, and revisions to internal policies. The Company remains focused on its investors and continuously improves its investor relations management system. Based on
the Investor Relations Management System, it regulates investor communication and information disclosure. Focused on infor-
mation disclosure, regular communication, and special exchanges, we maintain regular communication with investors through
various channels such as public announcements, shareholder meetings, performance briefings, investor exchange activities, and
SZSE's interactive platform, responding promptly to investor concerns. The Company also emphasizes the quality of information
In 2025
disclosure, following the principles of truthfulness, accuracy, completeness, and timeliness, thus promoting the continuous im-
provement of governance level and communication transparency.
The Company held 1Stra- 5 Audit Committee 2 Remuneration and 1 Nomination Com- 4 Special Meetings of
tegic and Development meetings Appraisal Committee mittee meeting Independent Directors
Management Committee meetings In 2025, the Company
meeting
Communicated with
Held 4 investor communi- Replied to 121 investor Published 199 disclo-
cation events over 600 investors inquiries on SZSE's inter- sure announcements
through phone or email active platform
Antitrust and fair competition Risk management
The Company has established an antitrust and fair competition management mechanism. At the governance level, senior man-
Management philosophy
agement is responsible for supervising and managing antitrust and fair competition matters, regularly listening to compliance
reports, and promoting the implementation of risk control measures; the Board supervises significant compliance risks to ensure
that the Company's business activities comply with antitrust and fair competition laws and regulations.
The Company attaches great importance to the role of risk management in corporate governance, and continues to improve its
We strictly comply with the Anti-Monopoly Law of the People's Republic of China, Anti-Unfair Competition Law of the People's risk management system covering strategic, operational, and ESG-related risks. By integrating risk management requirements
Republic of China , and other relevant laws and regulations, and have developed the Antitrust Guidelines, which clearly regulate into the governance structure, policy development, and day-to-day operations, the Company continuously enhances its ability to
related concepts and prohibited behaviors. We adhere to the principle of fair trading, prohibiting employees from manipulating identify, alert, and respond to risks, ensuring long-term stable development.
Management structure
markets, exploiting privileged information, or gaining improper benefits in an unfair manner. Focusing on business practices, the
Company systematically prevents unfair competition behaviors such as abuse of market dominance, deceptive conduct, commer-
cial bribery, false advertising, infringement of trade secrets, and false prize-based sales, safeguarding fair and orderly market com-
petition.
The Company has established a risk management and internal control governance structure centered around the Board of Direc-
The Company continuously carries out antitrust and fair competition advocacy activities by publishing compliance guidelines, tors. The Board of Directors, as the highest decision-making body for risk management, bears the ultimate responsibility for the
internal notices, and thematic publicity materials to strengthen employees' compliance awareness. It also organizes regular train- establishment and effective operation of the Company's overall risk management and internal control system; the Board's Audit
ing, incorporating antitrust and fair competition content into onboarding training and specialized training for key positions. Committee is responsible for supervising internal control and risk management efforts; management is responsible for organizing
and implementing routine risk management and internal control operations. A clear and balanced management mechanism is
thus formed.
In 2025, we further optimized our governance structure by strengthening the supervisory functions of the Audit Committee, and
During the Reporting Period clarifying that the Audit Committee shall perform the original supervisory duties of the Board of Supervisors. Additionally, we fur-
ther improved our governance participation mechanism by adjusting the Board seat structure and adding employee directors to
enhance the systematic and effective risk supervision and response.
not involved in any cases of unfair competition, or any significant lawsuits related
Management policies
The Company was
to unfair competition, and was not subject to any administrative penalties.
The Company strictly complies with the Audit Law of the People's Republic of China and other relevant laws and regulations, as
well as the provisions of the Articles of Association , and has formulated and implemented the Internal Control and Audit Man-
agement System , Internal Control Procedures , and other policy documents, clearly defining the responsibilities and operational
requirements for internal control and risk management.
Management practices
Improvement of internal control
The Company focuses on streamlining key operation management processes, systematically identifying critical risk control points
across its business workflows. Based on this, we have established a process-centered internal control system to ensure compli-
ance in business activities, protect asset security, and guarantee the accuracy and completeness of financial reports and related
information.
In 2025, the Company's internal audit department, in line with the latest organizational structure, systematically reviewed relevant
management policies and approval authorities. The Group and Subsidiary Authorization Manual was revised, and the OA approval
process was continuously optimized. Additionally, the approval authority configurations for information systems such as ERP, SAP,
MES, SRM, and HR were further streamlined, providing institutional and system support for resource integration and clear division
of responsibilities.
Internal Audit and Control Flowchart
Procedure Flow
Internal Audit
Direct
Control
Yes
Prepare Yes Yes Carry out Yes Follow up
Request responsible Prepare the Preliminarily Review the Review the Finalize the
leader of the audit notice Review Approve the audit on the audit
an audit department work
audit report review the report report again report
closure
report
No No No
Supervision Approval by
Responsible
Department
and audit Supervision Supervision Supervision Supervision Supervision Supervision the senior Supervision
department (a and audit and audit and Audit Responsible and Audit and Audit and Audit Responsible executive in Chairman/ and Audit
senior executive department/ department/ Department/ Leader Department/ Deportment/ Department/ Leader charge of the CEO Department/
requests an audit officer audit officer Audit Manager audit officer audit officer Audit Manager responsible audit officer
audit) department
Carry out audit
based on the Direct The senior executive
audit work plan responsible Supervision and in charge of the The Chairman/
Confirm the Follow
signed by the leader reviews Approve whether Audit Report Audit Department responsible CEO signs off on
timeframe and Perform up on
Form
Chairman/CEO and approves the Audit Notice the audit should Audit Rectification provides department confirms the punishment
scope of the the audit the audit
or a special reasonableness proceed Confirmation Letter disciplinary the persons to be report and audit
audit closure
audit request of the recommendations punished and the decision
from senior audit project punishments
management
Enhancement of risk management and supervision Management structure
The Company has established a management process covering risk identification, assessment, and prioritization in accordance
The Company has established a business ethics governance structure centered around the Board of Directors, with the Board be-
with relevant national laws and regulations, and defined risk monitoring standards and methods. The Supervision and Audit De-
ing ultimately responsible for business ethics and anti-corruption efforts. The Board's Audit Committee is responsible for supervis-
partment conducts routine and special audits of subsidiaries quarterly and, together with due diligence interviews, focuses on
ing business ethics compliance, anti-corruption, and related internal control efforts, while professional supervisory departments
operational compliance and ESG-related risks. It also includes qualification certificate management in work safety and environ-
are responsible for specific execution and daily management, forming a three-tier governance structure comprising the Board of
mental protection in audits, generates audit reports, and continuously tracks rectification progress.
Directors, the Audit Committee, and professional supervisory departments.
In 2025, the Company further optimized the business ethics governance arrangement by integrating the original supervisory du-
Third-party risk assessment ties of the Board of Supervisors into the Audit Committee of the Board of Directors and introducing employee directors to partici-
pate in Board governance, continuously improving the supervision mechanism and internal participation structure, and enhanc-
On the basis of daily supervision and special supervision of internal control, the Company engages third-party professional insti-
ing the overall effectiveness of business ethics governance.
tutions to conduct comprehensive risk assessments, provide an independent evaluation of the effectiveness of the internal con-
trol system and issue annual internal control evaluation reports. By introducing external professional perspectives, the Company
promptly identifies management shortcomings, promotes targeted optimization improvements, and enhances the completeness
and applicability of internal control systems.
Management policies
Risk culture promotion
The Company has developed and implemented business ethics-related systems such as the Code of Conduct for Professional
The Company continues to strengthen risk management and compliance culture building by regularly providing compliance train- Integrity and Whistleblower Protection System , clearly defining employee behavior standards, whistleblower handling, and pro-
ing to employees, suppliers, and partners. The training covers legal regulations, company systems, risk management, data privacy tection requirements. The Company also conducts regular effectiveness evaluations of these systems. This policy also applies to
protection, and anti-corruption to enhance the risk prevention awareness of stakeholders. suppliers.
In 2025, focusing on the issuance of H-shares and global expansion, the Company constructed a training system combining "ex- In 2025, the Company revised and improved core systems, such as the Code of Conduct for Professional Integrity and Whistleblow-
ternal guidance, internal deepening, and policy implementation". A total of five special training sessions were organized, covering er Protection System , in line with the latest legal requirements and business development needs, adding supporting implemen-
approximately 300 employees, with a total training duration of nine hours, further strengthening compliance duties and risk pre- tation rules and updating whistleblower contact information. The Integrity and Self-Discipline Commitment was also revised and
vention capabilities among all employees. employees in key positions were required to sign it, continuously improving the business ethics system.
Business ethics
Management practices
Management philosophy Integrity management
The Company clarifies employee integrity responsibilities through the signing of the Commitment to Professional Integrity and
The Company consistently upholds principles of lawful operation and
implements a zero-tolerance policy for bribery, corruption, and other behaviors that harm its interests. We include significant vio-
good faith, treating all stakeholders fairly and implementing a zero-toler-
lations in the performance appraisal of management, and implement an accountability system to ensure the fulfillment of respon-
ance policy for any actions that violate integrity standards. Through con-
sibilities.
tinuous efforts to strengthen integrity development, the Company contin-
ually improves employee self-discipline and supervision mechanisms to
We have also established a standardized reporting acceptance and investigation mechanism, led by the Supervision and Audit De-
effectively prevent and address illegal and unethical behavior, ensuring
partment, and cooperate with relevant departments to conduct investigations and processing, ensuring whistleblower protection
overall integrity within the workforce. On this foundation, the Company
with information isolation and avoidance measures. Any acts of obstruction or retaliation against investigations are dealt with
focuses on enhancing employees' professional ethics, thereby laying a
strictly in accordance with company regulations, and in serious cases are referred to the judicial authorities in accordance with the
solid talent foundation for the healthy development of the business.
law.
Complaint and Whistleblowing Handling Process
Metrics and targets
In 2025, the Company set the following management targets regarding business ethics and anti-corruption manage-
ment, and all targets were achieved:
F o r e l i g i b l e co m - The team will con- U p o n co m p l e t i o n Relevant personnel
plaints, Senior's su- duct investigations, of the investigation, will be required to
pervision team will gather evidence, re- a decision and ex- correct any identi-
process them within cord the investigated planation will be fied issues, and fol-
five working days. matters, and analyze provided within 15 low-up actions will Target
and organize the ma- working days. be taken.
terials.
Establish clear ethical guidelines and corporate values
Whistleblowing Channels Strengthen education and awareness of all employees
through onboarding and specialized training
xyjc@senior798.com 0755-36800999-8707
Senior Supervision
Sunshine agreement re- Establish and improve internal controls and supervi
Complaint and whistle-
WeChat official account sory mechanisms
blowing email porting hotline
Promote supply chain partners' compliance with busi-
In 2025 ness ethics requirements through the signing of the
Sunshine Agreements and other means
The Company received 1 whistleblower report, which has been investigated and resolved.
Continue to strengthen compliance management to
Business ethics audit and risk assessment
ensure that the Company's conduct conforms with laws
and regulations
In 2025, the Company conducted routine audits, project audits, and special audits at various bases, embedding business ethics re-
views into all audit projects, covering all businesses, entities, and processes. Simultaneously, the Company conducted systematic
business ethics risk assessments, establishing a "whistleblowing - verification - accountability - rectification" closed-loop manage-
ment mechanism, identifying key risks and formulating targeted improvement measures.
Integrity promotion Progress
Through training, education and execution of commitments, the Company continu- The Company completed the improvement of its institutional
ously strengthens the awareness of business ethics and anti-corruption. In 2025, the system
Integrity and Self-Discipline Commitment was updated, and 111 employees in key po-
The Company organized five anti-corruption training sessions
sitions signed it.
at domestic and foreign bases
Regarding business ethics and anti-corruption, the Company held five training sessions
The reporting mechanism was running effectively, with one
throughout the year, covering integrity, anti-corruption, and prevention of legal risks in
report properly handled and closed, and no corruption-relat-
occupational crimes involving the Company. The total training duration was five hours,
Integrity promotion ed lawsuits occurred
with 258 participants, including management at supervisor level and above, as well as
employees in key positions. The compliance management level of suppliers was further
improved
In 2025
By embedding anti-corruption and business ethics into gov-
A total of ernance processes and culture, the Company provides a solid
foundation for sustainable development
of 1,290 hours and 258 participants.
Green
Development
Moving Toward a Better Future
Material Topics in This Section
Emissions and Waste Management
Energy Management
Climate Response
GHG Emissions
Green Products
Water Resource Management
Clean Technology Opportunities
Response to United Nations Sustaina-
ble Development Goals (SDGs)
Green products Green product applications
To comprehensively reduce carbon emissions and resource consumption throughout the product lifecycle, and further enhance
Management philosophy
the environmental and sustainability performance of products, Senior continuously expands the application scenarios for green
products. Each year, the Company organizes joint incubation of green products through the Technology Center, Quality Control
Center, ESG Office, Environmental Safety Department, and relevant manufacturing departments.
Senior actively supports the national "Dual Carbon" strategy, focusing on the research and application of green products. The
In 2025, based on the existing collaboration mechanism, the Company established the New Industry Division to systematically
Company adopts a customer-driven approach, guided by a research and development strategy of "focusing on internal devel-
promote clean energy planning, investment, and implementation, providing stronger organizational support for driving green
opment, supported by external cooperation, and advancing iterative upgrades." We continue to advance clean technology inno-
product innovation and low-carbon strategy implementation.
vation and expand the application of green products from new energy vehicles to areas such as green hydrogen and seawater
desalination. Additionally, environmental protection principles are integrated throughout the entire product lifecycle, aiming to
minimize environmental impact.
Management policies
Environmental
ESG Office Safety Department
Senior strictly adheres to national and local regulations, including the Environmental Protection Law of the People's Republic of Quality Control Manufacturing
China and the Environmental Impact Assessment Law of the People's Republic of China , ensuring that all operational activities Center departments
Develop the Com- Monitor the envi-
Technology New Industry
comply with national environmental protection requirements. Furthermore, the Company continuously improves its internal Center Strictly control pany's sustaina- ronmental impact Transform R&D Division
management system by formulating and implementing regulatory documents such as the Environmental Substance Management the quality of ble development of clean technol- achievements
Fo c u s o n c u t- strategy and inter- ogies during the Oversee the
List , the Document Management Procedures , and the Production Process Control Procedures . A systematic approach is employed products after into actual
ting-edge R&D nal implementa- implementation, o p e rat i o n a n d
to promote green product innovation and to identify and manage potential environmental risks throughout the product lifecycle. the application production ap-
and innovation tion procedures, and ensure that management
of clean technol- plications, en-
Management practices
in clean technol- promoting the production activ- of new R&D and
ogies, ensuring suring efficient
ogies, exploring research and ap- ities comply with investment busi-
that product per- implementation
new materials plication of green e n v i r o n m e n ta l ness.
formance meets of clean technol-
and processes products. regulations and
Investment in clean technologies
high standards. ogies on produc-
fo r c l ea n p ro - the sustainability tion lines.
duction. strategy.
Senior plans to increase investment in clean technologies year over year based on its actual situation, fostering green product
innovation and development. It improves its clean production management processes and establishes a dedicated Clean Tech-
nology R&D and Application Steering Group, led by the General Manager. The clean technology R&D team sets clear annual goals,
Industry low-carbon standards development
assigns an implementation team to carry out the clean production plan, and reviews progress, while also conducting training to
promote clean philosophy and technologies. Senior actively responds to international regulatory requirements, such as the Regulation (EU) 2023/1542 of the European Par-
liament and of the Council Concerning Batteries and Waste Batteries and the European Union's (EU's) restriction on the use of
In 2025, we focused on resource recycling and low-carbon empowerment, working in parallel on efficient recycling technology
undecafluorohexanoic acid (PFHxA) and PFHxA?related substances, by continuously increasing investment in the R&D investment
promotion and photovoltaic system optimization, upgrading the efficiency of green production lines.
of environmental protection materials. The Company is advancing technological research on non-fluorinated colloidal products to
Innovation in exhaust gas recovery Improvement in photovoltaic power generation efficiency
replace polyvinylidene difluoride (PVDF), ensuring that products align with the market's green entry standards. Additionally, the
Senior Shenzhen developed and Senior Nantong has installed water diversion clips on roof Company has joined the China Battery Industry Environmental Product Declaration Platform Technical Committee and the Battery
applied gas separation membrane photovoltaic modules, effectively alleviating the impact of Industry Carbon Emission Standard Working Group, playing an active role in the development of industry environmental stand-
technology for dichloromethane accumulated dust on power generation efficiency. Com-
ards and carbon emission accounting systems. These efforts contribute to the green and low-carbon transformation of the battery
recovery. This technology signifi- pared to 2024, the base's photovoltaic power generation
Install a water guide industry.
cantly outperforms existing recy-
cling systems in terms of gas treat- efficiency improved by about 1 %, resulting in an addi-
clip
In 2025, the Company led the drafting and release of the Greenhouse Gas Emission Accounting Requirements for Lithium-Ion Bat-
ment capacity, and it has a longer
service life and lower operating
tional 220,000 kWh of electricity, equivalent tery Separator Manufacturing Enterprises, Greenhouse Gas Emission Accounting and Reporting Requirements: Battery Separator
Enterprises, and Design Specifications for Green, Low-Carbon, and Efficient Integrated White Oil Extraction, Recovery, and Recy-
costs. The exhaust gas recovery 27
to saving about tons of standard coal and reducing
system has been installed and is cling in Wet-process Lithium-ion Battery Separators , continuously improving the industry's full value chain sustainability stand-
in the preparation stage for use. CO2 emissions by approximately 219 tons.
ASEAN Base
Photovoltaic ards, driving the industry toward a more low-carbon, efficient, and circular direction.
Grid connection of photovoltaic project
The first phase of the photovoltaic project at ASEAN Base has been success-
fully connected to the grid and commenced power generation.
Achieving EU NG Gold Level Certification, Leading Photovoltaic/waste heat recovery
the Industry's Green Development
Senior Jiangsu uses waste heat from the basement of Workshop IV to
In February 2025, Senior successfully obtained the EU NG Gold Level Certification, be- supply hot water through an air-source heat pump. It has also promoted
coming the first company in China's lithium-ion battery separator industry to receive this heat recovery from coating equipment ovens, improving energy efficiency
highest rating. The certification is endorsed by the EU, focusing on evaluating a Compa- through multiple actions. Basement residual heat used with air
source heat pump to supply domestic hot
ny's leadership in green transformation, highlighting Senior's excellence in ESG.
water
Improving resource efficiency Distributed photovoltaic grid connection
Senior Foshan has implemented a distributed photovoltaic power gen-
Management philosophy
eration project, revitalizing about 90,000 square meters of plants' roof
space and 21,000 square meters of carport space. The project has a total
installed capacity of 22,800 kWp and operates under a "self-consumption
Senior is committed to utilizing intelligent and digital technologies to achieve the scientific allocation and efficient use of energy with surplus fed to the grid" model, with an expected average annual pow-
and resources, with a focus on reducing GHG emissions throughout the entire product production process. The Company reduces er generation of around 18 million kWh. The project was first connected
Senior Foshan photovoltaic power
energy consumption through the establishment of a comprehensive energy management system, the optimization of the energy to the grid for trial operation in May 2025, and reached full-capacity grid
generation project
structure using intelligent platforms, and the expansion of green electricity applications. At the same time, we develop water-sav- connection in November 2025.
ing technologies, promote water conservation concepts, and continually enhance the efficiency of resource utilization.
Management policies Energy saving in air conditioning systems
Senior Nantong has launched an air handling unit phase change energy optimization project, effectively
The Company strictly complies with the Law of the People's Republic of China on Energy Conservation and the State Council's
reducing air conditioning energy consumption during the summer through technological upgrades and op-
Decision on Strengthening Energy Conservation , along with other relevant laws and regulations. We have formulated and imple-
timization of operating parameters, continuously improving energy utilization efficiency.
mented the Energy Management Measures and established a dedicated inspection team. In addition, each base, according to its
specific circumstances, has developed internal management systems such as the Energy Procurement and Use Management Sys-
tem , the Energy Performance Management System , and the Energy Procedure Document . These systems aim to clarify the basic
In 2025, the Group achieved
principles of internal energy management, standardize the energy procurement process, and regularly assess energy manage-
ment performance.
Furthermore, we strictly adhere to the Water Law of the People's Republic of China and other national and local laws and regula-
tions applicable to our operating locations. The Company has established the Water Conservation Management System . For each
base, we have developed internal systems such as the Water Metering Management System and the Water Equipment Manage-
ment System . These efforts focus on continuously improving employee water-saving awareness and the Company's overall water Self-generated photovoltaic power:
resource management capabilities.
Management practices
Energy management
In daily operations, Senior regularly conducts energy audits to systematically assess and analyze energy consumption at each
production base and for major energy-consuming equipment, continuously improving energy usage efficiency. At the same time, Purchased green certificates:
the Company actively uses digital technologies to empower energy management, and promotes photovoltaic power generation,
waste heat utilization, and energy-saving technical modifications at each base, pushing the energy structure toward a green,
low-carbon transformation.
Senior Recognized as a By the end of 2025 Material and packaging material management
"Green Factory in Jiangsu Province",
Exemplifying Green Manufacturing Senior Nantong has obtained the Senior is dedicated to improving the recycling rate and environmental characteristics of packaging materials:
ISO 50001 Energy management
Senior actively practices the ESG concept, deeply integrating sustainable de- Packaging material recycling
systems certification.
velopment into its strategy and operational practices. The East China Base
The Company collaborates with key customers to establish packaging material recycling plans to increase the utili-
(Nantong) was awarded the "2024 Green Factory in Jiangsu Province" recogni-
zation rate of packaging materials such as cores, standing cards, white film paper tubes, and cardboard boxes.
tion from the Department of Industry and Information Technology of Jiangsu
Province. This accolade reflects the Company's systematic achievements in
environmental protection, efficient resource utilization, and energy consump- Nearby reusable packaging
tion management.
For nearby customers with high order volumes, the Company employs reusable packaging to reduce packaging
material consumption.
Selection and substitution of packaging materials
The Company prioritizes the use of renewable wood and new composite cushioning materials, and substitutes
cardboard boxes for wooden crates and plastic pallets for wooden pallets to further achieve packaging material
ISO 50001 Energy Management
replacement, reduction, and recycling, promoting green and sustainable supply chain development.
Systems Certificate
Emissions and waste management
Water resource management
Senior strictly complies with national and regional water resource-related laws and regulations. The group coordinates all bases Management philosophy
to actively promote water-saving and consumption-reducing projects by establishing a digital water resource management sys-
tem, conducting water-saving awareness training for all employees, and implementing regular water equipment inspections and Senior is committed to reducing waste generation at the source by focusing on raw material selection, production process optimi-
maintenance to reduce water consumption intensity in production operations. zation, and improving production efficiency. We utilize emissions and waste management systems to ensure all waste is classified
and handled in compliance with regulations, minimizing the environmental impact of our business operations while achieving a
balance between economic growth and environmental protection.
Conducts water balance tests to improve water resource utilization efficiency, completes calibration of wa-
Management policies
Senior
Jiangsu ter-saving metering devices to ensure data accuracy, and reuses treated wastewater in cooling towers to achieve
zero wastewater discharge.
Senior strictly adheres to national laws and regulations such as the Law of the People's Republic of China on the Prevention and
Control of Atmospheric Pollution and the Law of the People's Republic of China on Prevention and Control of Environmental Pol-
lution by Solid Waste , as well as local regulations on waste discharge in operational locations. We continuously strengthen the
Recovers condensate water from steam and uses it as boiler makeup water to effectively reduce natural gas monitoring and management of emissions and waste discharge. In line with the ISO 14001 certification standard, each base has
Senior
Nantong consumption and the amount of new water required for steam boilers, achieving reduction in both energy and developed and implemented procedures such as the Solid Waste Control Procedure , the Wastewater Control Procedure , the Ex-
water consumption. haust Control Procedure , and the Hazardous Waste Management System, aiming to reduce pollutant discharge through standard-
ized environmental management measures.
Each base of the Company has established an environment, health, and safety (EHS) department responsible for identifying and
Senior has set up specialized water-saving working groups at each base to strictly monitor the progress of water resource manage- monitoring factors such as air quality, noise, and wastewater. This department determines monitoring frequencies, uses reference
ment and perform real-time supervision and precise statistics on water resource consumption data. During the Reporting Period, standards, and regularly compiles data into reports. Additionally, we engage external professional organizations for annual test-
the Company's overall water source was compliant municipal water supply. ing, with reports provided by them.
By the end of 2025 Wastewater Treatment Process Discharge/Recycling Status
Coating wastewater is treated with a combination of physi-
Senior's 6 bases have obtained ISO 14001 Environmental management systems certification.
co-chemical treatment, MBR biological treatment, and sand-car-
bon filtration, with ultrafiltration and RO membrane reverse os- In 2025, both types of waste-
mosis systems for wastewater reuse.
Senior Foshan water achieved full recycling.
Wet-process wastewater is treated with a combination of Fen-
ton oxidation, hydrolytic acidification, contact oxidation, and
sand-carbon filtration.
Treated water meeting stand-
Senior Wastewater is treated through flocculation-sedimentation and bi-
ards is reused in the plant
Jiangsu ological treatment, followed by advanced RO membrane filtration.
cooling towers.
Management practices Coating wash and slurry wastewater is treated using two-stage co-
agulation-sedimentation and sand filtration. Treated water meeting stand-
Senior
Exhaust management Nantong Wastewater from exhaust gas treatment facilities is treated with
ards is discharged in accord-
ance with regulations.
Fenton oxidation, AAO biological treatment, multi-media filtration,
The EHS management department at each base follows the Exhaust Control Procedure to identify sources and types of exhaust and activated carbon filtration as a combined process.
gas emissions, and regularly conduct measurements of emission concentrations and total volumes. The Company continuously
improves its exhaust gas management level by optimizing production processes, installing high-efficiency exhaust gas treatment After preliminar y treatment,
Wastewater undergoes primary treatment using a combination of
facilities, and setting up online monitoring systems. wastewater is uniformly sent to
Fenton reaction, coagulant dosing, flocculation-sedimentation,
Senior Hefei a wastewater treatment plant for
and filter press processes.
subsequent advanced treatment.
Combined exhaust Process exhaust gas Low-nitrogen boiler Dual filtration of
gas treatment treatment upgrade particulate matter
Senior Foshan uses a com- Senior Nantong uses elec- Senior Hefei equips its Senior Europe treats par-
bination of compressed trostatic oil removal and boilers with high-efficien- ticulate matter generated
condensation, membrane two-stage activated car- cy low-nitrogen burners to from the coating produc- 2025 年 Solid waste management
separation, and activated bon adsorption facilities effectively reduce nitrogen tion line through medi-
In accordance with the Solid Waste Control Procedure and
carbon adsorption to treat for workshop exhaust from oxide emissions. Regu- um- and high-efficiency Senior generated a total of122,876 cubic the Hazardous Waste Management System , EHS depart-
dichloromethane exhaust extrusion and stretching lar monitoring of burner filters before discharge.
meters of industrial wastewater, of which 69,156 ments, production teams, and warehousing and logistics
gas. Third-party accredit- processes, achieving operation and parame- Post-treatment particulate
ed agencies are regularly efficient purification and ters ensures stable and levels fully comply with groups at each base are responsible for managing all waste
cubic meters were reused, resulting in an industrial
engaged for sampling and compliance with relevant controllable low-nitrogen local environmental emis- generated. This includes ensuring classification, compliant
testing, ensuring efficient standards. combustion performance. sion standards. wastewater reuse rate of approximately 56.28 %. transportation, and proper disposal by third-party profes-
purification and stable sional organizations.
compliance with emission
standards.
General waste
Wastewater management General industrial waste, domestic waste, and construction waste are collected from each unit's waste bins, transported
to temporary collection points, and regularly taken offsite.
According to the Wastewater Control Procedure , Senior coordinates the compliant treatment and resource utilization of wastewa-
ter at each base, adopting differentiated treatment plans for wastewater produced in different production stages.
Solid waste Strategy
Dedicated hazardous waste warehouses are established for centralized classification and storage, as well as management To actively respond to the risks and challenges presented by climate change, the Company focuses on low-carbon technological
by designated personnel. All hazardous waste is registered in the government monitoring system and transported regu- innovation in our products while continuously strengthening the GHG emissions management. We are committed to promoting
larly for disposal by a qualified third-party organization. The specific management process is as follows: energy conservation, carbon emission reduction, and improving the Company's climate resilience.
Each department collects and transports hazardous waste to designated warehouses, where the GHG emissions management
waste is labeled with hazardous waste labels generated by the "Environmental Monitoring" system.
Transpor-
tation The transportation process ensures no leakage or spillage. Senior manages GHG emissions across three key areas: Company operations, factory construction, and production activities, and
has developed the Senior GHG Assessment Procedure. In parallel, we support the Company's low-carbon operations through vari-
ous measures, including management improvements, green office initiatives, and carbon audits.
The responsible person in the hazardous waste warehouse receives the waste, fills out the Hazardous
Receipt Waste Storage Process Record , and transfers the waste to the designated area.
Carbon targets
Based on the Environmental Factors Identification and Evaluation Form , risk management is carried Guided by our long-term vision of achieving carbon neutrality, we have established phased emission reduction targets and clear
out to assess the negative impact of different types of waste on the ecological environment. Waste is quantitative pathways to systematically advance our low-carbon transition. The specific targets are as follows:
Classification classified according to its risk level and stored in sealed containers, with mixing strictly prohibited.
and storage
The responsible person verifies the type and quantity of hazardous waste with the EHS department
Using 2024 as the base year, reduce Using 2024 as the base year, reduce Achieve peak greenhouse gas emis-
before it is stored.
Scope 1 and Scope 2 greenhouse gas Scope 3 greenhouse gas emission sions at our production bases in Chi-
emission intensity per unit of prod- intensity per unit of product by 6% na by 2030
A qualified third-party organization is contacted for regular transportation and compliant disposal, uct by 5% by 2029 by 2029
Disposal creating a hazardous waste transfer form.
Management improvement
Climate response
Responsible for approving GHG policies, emission reduction strategies, goals, and
Management representatives
related policy statements.
Convene and lead GHG management review meetings, review the execution pro-
gress of GHG projects reported by the ESG Office, and assess GHG performance.
Governance Promote the implementation of GHG projects and provide necessary resources.
Develop GHG policies, emission reduction strategies, goals, and related policy statements.
ESG Office
Senior fully recognizes the significant impact that climate change may have on our customers, operations, employees, and local
Establish an internal emission reduction metrics system.
communities. In response to the challenges posed by climate change, we have integrated climate-related oversight and manage-
ment into our existing governance framework. Coordinate internal carbon assessment, implement and maintain the ISO 14064 standard, set organiza-
tional boundaries, and identify sources of the Group's GHG emissions.
The Company's Senior Management: Oversees the Company's direction in addressing climate change, monitors
Plan the GHG work for the Company and each base and coordinate with relevant departments.
industry trends, reviews climate-related risks and opportunities, and incorporates these insights into the Com-
pany's overall strategic decision-making. Organize annual internal GHG calculation, analysis, and verification work.
Report the progress of GHG project execution to the management representative.
ESG Office: Responsible for deploying and implementing climate change initiatives, reporting to senior man- Track, allocate, and implement emission reduction tasks across departments.
GHG Assessment Team
agement, and providing execution support and assurance for operations at relevant bases.
Identify GHG emission sources in the department and collect GHG emission data for the
department.
Carbon assessment and audit Risk management
Under the Company's ESG strategic framework, we have established a dedicated GHG Assessment Team, coordinated by the ESG
Office, to conduct annual carbon emission inventories at each production base. We strictly adhere to the ISO 14064-1 standard Climate-related risk identification
and systematically identify and document carbon emission sources across the entire production and operational process, in ac-
We fully recognize the risks and opportunities associated with climate change and proactively respond to the challenges it pre-
cordance with the Senior GHG Assessment Procedure . We scientifically calculate and manage the relevant carbon emission data.
sents. Our objective is to manage business exposure to fluctuations and identify growth opportunities, thus contributing to the
To further enhance the credibility and transparency of this data, we engage a third-party organization with professional qualifica-
Company's long-term sustainable development.
tions to independently audit the carbon assessment results. This independent audit ensures the accuracy and compliance of the
data, providing robust support for the Company's sustainable development goals.
In addition, we have initiated the accounting of Scope 3 GHG emissions by identifying seven categories of Scope 3 emission sourc- Risk Specific Description Potential Impact Mitigation Measures
es. We also calculated the proportion of emissions from each category to support the identification of future emission reduction
Establish an emergency man-
priorities. The scope of this carbon verification covers the Group headquarters, Senior Nantong, Senior Jiangsu, Senior Chang-
The Company's operational agement system and regularly
zhou, Senior Foshan, and the ASEAN base. conduct climate change risk
entities, including industri- The Company may suffer
al parks, office buildings, from extreme weather assessments.
cal risks may be impacted by ex- ciation and damage to nism to improve resilience to
treme weather events such fixed assets, as well as extreme weather.
as typhoons, floods, heavy production delays. Equip emergency devices and
(not included in Scope 1 and Scope 2)
Upstream transportation and distri- Physi- training.
bution cal
Waste generated in operations Climate change factors such
ence extreme weather agement and establish backup
as rising temperatures,
Business travel conditions, resulting in water sources.
Chronic phys- sea-level rise, unstable
deterioration of air and
Employee commuting ical risks water resources, and land
Provide a high-quality office
water quality, as well as
desertification may lead to
health issues for employ- environment and focus on em-
Downstream transportation and dis- severe weather conditions.
ees. ployee occupational health.
tribution
Policies on energy use, The Company and stake-
Green office Closely monitor policy changes
waste management, green holders may be subjected
Policy and to ensure timely understanding
buildings, environmental to legal liability due to
Senior actively promotes green office practices to improve resource efficiency through energy conservation and minimization of legal risks and compliance with relevant
information disclosure, etc., non-compliance with
material usage: laws and regulations.
are increasingly tighter. regulations.
We use environmen-
The Group and each
We promote electricity conservation by tally friendly and Expand green products and ser-
base adopt elec-
recyclable office sup- Environmental protection vices to meet market demand
regularly conducting 7S inspections (Sort, tronic workflows to
concepts are deeply in- The Company may experi- and lead industry development.
Set in Order, Shine, Standardize, Sustain, plies instead of non- Tran-
achieve a paperless grained, and customers' fo- ence a decline in compet-
green alternatives. sition Market risk
Safety, and Spirit) and strictly regulating office environment. risks cus on energy conservation itiveness due to market Implement a digital energy con-
air conditioning temperature settings to no and emissions reduction is preference choices. sumption management system
continually increasing. to improve operational efficien-
lower than 25℃ . We also post clear ener- We have launched a
cy.
gy-saving signs in all office areas, covering clean plate campaign,
lighting facilities and air conditioning saving energy and The Company may face Pay close attention to industry
controllers, to remind employees to adopt Innovations in energy tech-
reducing resource obsolescence due to tech- developments and manage
Technology nologies may change the
energy-saving practices. waste. nological innovations that technological risks through
risk development trends of the
create product technical innovation and process optimi-
industry.
bottlenecks. zation.
Climate-related opportunity identification Metrics Unit 2025 2024
In addition to responding to the risks posed by climate change, Senior actively pursues market and technology opportunities
within the industry. Through technological innovation and management optimization, we strengthen the Company's resilience to Total GHG emissions tCO2e 360,210.37 264,398.54
risks and enhance its market competitiveness.
tCO2e/RMB10,000 in total
Category Opportunity Description Potential Impact GHG emissions density 0.87 0.75
revenue
With the continuous growth in global demand for clean energy, down-
stream application markets such as new energy vehicles and energy stor-
age are rapidly expanding, driving a sustained increase in lithium battery
I n c r ea s e m a r ke t By the end of 2025
Customer demand. This, in turn, fuels strong growth momentum in the separator
share and improve
demand industry. The growing demand for high-performance and safe separators,
profitability.
a key material in lithium batteries, presents new business opportunities
for the Company to expand into the high-end market, drive technological
The proportion of green electricity used across the Company's global production sites exceeded 10 % , and
innovation, and optimize capacity planning. Senior Europe has fully transitioned to 100 % non-fossil energy use in both production and office opera-
tions.
The government has introduced policies supporting the development of
Market E n h a n ce p ro j e ct
new energy and new materials, encouraging companies to advance ener-
oppor- Policy economics and
tunity
support
gy-efficient and low-carbon technologies. With subsidies, tax incentives,
strengthen market
Senior Europe plans to achieve 100 % renewable energy use in the short term.
and other measures, these policies help reduce project costs while ensur-
competitiveness.
ing regulatory compliance.
Improve customer
Customer As international standards, such as the EU Batteries Regulation , continue
s at i s fa c t i o n a n d
preferenc- to evolve, customers' preference for low-carbon products is growing, fur-
Ecosystem and biodiversity protection
enhance brand in-
es ther driving the demand for the Company's green products and services.
fluence.
Drive technologi-
Tech- Techno- Technological advancements in the lithium battery industry also indirectly
Management philosophy
nology cal innovation to
logical drive innovation in the separator sector to meet customer requirements
oppor- strengthen market
tunity innovation for improved product safety and cycle performance.
competitiveness.
Senior adheres to the development concept of "Prioritizing Ecology, Promoting Harmonious Coexistence", integrating ecological
Metrics and targets
protection requirements into the entire production process through process optimization, environmental disturbance control, and
ecological restoration. It continually reduces the impact of operational activities on surrounding ecosystems, and promotes the
coordinated development of enterprise growth and ecological environment.
To effectively respond to climate change and systematically manage climate risks, Senior has incorporated relevant targets into
the Company's medium- and long-term carbon reduction strategy. The following targeted measures are being implemented to
achieve these goals:
Ecological protection and eco-friendly co-development
Senior focuses on building eco-friendly factories. Tailored to the operational characteristics of each site, the Company systemat-
Break down targets into spe- Establish a corresponding Implement targeted climate risk control measures,
ically implements ecological protection measures across three key dimensions: Plant greenery enhancement, groundwater and
cific tasks for each base and metrics system and integrate it integrate sustainability concepts into operational
soil protection, and management of human-induced disturbances. These efforts collectively strengthen the ecological safety of its
department. into day-to-day management. processes, and enhance corporate climate resilience.
facilities.
The Company continually increases greenery coverage at each plant, extensively planting eco-lawns Ecological risk prevention and control measures
Plant
and large-scale trees to optimize the plant areas ecological environment. At Senior Foshan, efforts focus
greenery
enhancement on restoring greenery around the site, while Senior Nantong emphasizes upgrading internal landscape Senior has established a full-chain ecological safety risk prevention and control system, consisting of "ex-ante assessment, in-
quality, tailoring measures to local conditions to strengthen ecological conservation. event control, and ex-post emergency response". Differentiated control measures are formulated for various ecological risks to
fully safeguard the ecological safety of plant areas and their surroundings.
In areas storing hazardous chemicals, the company installs standardized containment bunds and imple- Pre-construction ecological risk assessment:
Ground-
water and ments centralized storage management, ensuring anti-corrosion and impermeability facilities operate
soil pro- effectively. Regular monitoring of groundwater and soil quality is conducted, and a risk warning system Ecological risk assessments/ecological impact demonstrations are conducted for new and expanded projects. Target-
tection
is in place to strictly prevent soil and groundwater pollution. ed control plans are developed in advance for identified risks and potential hazards.
Key checks and assessments are conducted around the project site to determine whether it involves sensitive ecolog-
ical areas, river protection zones, or other key regions of ecological protection, thus avoiding ecological damage risks
at the source.
Management Activities such as construction and vehicle movement near plant boundaries are strictly controlled to
of human-in- minimize impacts on surrounding natural areas. All transport vehicles used by plants are required to
duced distur-
bances meet National IV emissions standards or higher, effectively reducing exhaust emissions and further min-
imizing human interference with the local ecosystem.
Natural disaster ecological risk prevention:
Special emergency response and risk prevention measures are formulated for natural disasters such as heavy rain-
Ecological restoration
fall, floods, and typhoons. Senior Nantong has completed the reinforcement of the cofferdam, and Senior Foshan
has carried out dam and slope reinforcement work, comprehensively improving the protection capabilities of the
facilities.
Senior advances ecological restoration systematically across the full project lifecycle, focusing on post-construction re-greening
Senior Foshan has built a complete drainage and flood prevention system, further enhancing the factory's ability to
while simultaneously conducting pre-construction ecological assessments and planning to support a positive regional ecological
respond to flood disasters and reducing ecological environmental risks caused by natural disasters.
cycle.
Post-construction ecological restoration: Environmental emergency response management:
At Senior Foshan, following the completion of construction in the former The Company has developed specialized emergency response plans for chemical spills, pollution incidents, and
project office area, land re-greening is carried out in full compliance with other environmental emergencies, and regularly conduct drills to efficiently manage risks such as accidental leaks,
ecological restoration requirements. Senior Nantong simultaneously im- fires, and pollutant dispersion.
plements all post-construction ecological restoration measures, ensuring
restoration responsibilities are effectively fulfilled. Ecological restoration Senior Nantong has established an emergency coordination mechanism with neighboring enterprises, creating a
regional collaborative prevention and control system to improve the efficiency of joint responses to environmental
emergencies.
Pre-construction ecological assessment and planning:
During the Reporting Period
To ensure efficient implementation of subsequent ecological restoration, both Senior Foshan and Senior Nantong
complete ecological risk assessments and develop dedicated ecological management plans before the start of con-
Senior did not conduct business activities within ecologically sensitive areas or their protection zones.
struction, laying a solid foundation for full-lifecycle ecological protection.
Excellence in
Operations
Ensuring Quality and Safety
Material Topics in This Section
Occupational Health and Safety
Product Quality and Safety
Customer Service
Chemical Safety
Response to United Nations Sustaina-
ble Development Goals (SDGs)
Occupational health and safety
The Company's occupational health and safety management policies apply to all employees, contractors, and related parties
working on its premises, ensuring that safety management requirements are implemented throughout the entire production and
operation process.
Management philosophy
In 2025, each base, based on its operational characteristics and key risk areas, continued to develop and refine management sys-
tems related to workplace safety and occupational health.
The Company adheres to the principle of "Safety First, Prevention Prioritized, Comprehensive Management, Full Participation, Senior Nantong revised the Work Safety Education and Training System by adding requirements for training record management,
and Continuous Improvement," with the goal of achieving "Zero Accidents, Zero Fires, Zero Occupational Diseases, and Zero Seri- and improved the Occupational Hazard Reporting Management System and Occupational Hazard Prevention Responsibility Sys-
ous Injuries." We maintain a people-oriented approach and emphasize the importance of primary responsibility implementation. tem , to further clarify the reporting process and departmental responsibilities.
By focusing on hazard identification and management, we continuously enhance work safety, eliminate safety hazards, encourage
Senior Foshan focused on key areas such as work safety and fire management, formulated and implemented new systems such as the
all employees to actively participate in safety practices, and establish a robust safety defense line.
Hazard Identification and Control System , "Three Simultaneities" Construction Project Safety Management System , All-Coverage Work
Safety Responsibility System , Hazardous Chemical Safety Management Regulations , Fire Safety Facilities Maintenance System , and Traf-
Management structure fic Safety Management System . These measures systematically improved on-site safety management and risk prevention.
By the end of 2025
A three-tier management structure has been established: Base General Manager—EHS Management Department—Department
Senior Shenzhen, Senior Jiangsu, Senior Changzhou, Senior Nantong and Senior Hefei have obtained ISO 45001 Occupational
and Workshop Heads. This structure clearly defines the occupational health protection responsibilities at each level to ensure ac-
Health and Safety Management Systems Certification.
countability is implemented thoroughly and assigned to the appropriate individuals.
Occupational Health and Safety Management Structure
Base General Manager
The Company's primary responsible person for worksafety.
EHS Management Department Bases' ISO 45001 Occupational Health and Safety Management Systems Certificates
Management practices
Responsible for the development and training on safety, environmental
protection, and occupational health management systems; summarize
and report monthly the progress of hazard rectifications, risk identifica-
Occupational health management
tion, safety training, and other related tasks in each department.
Department Heads
The Company has established the Occupational Health Management System , which regulates pre-employment, on-the-job, and
The primary responsible persons for work safety in theirrespective depart- exit health check-up processes for high-risk jobs. New employees are required to undergo comprehensive health check-ups.
ments.
Health monitoring records are maintained for all employees, annual occupational disease hazard factor testing and status evalua-
tions are conducted, and the use of labor protection equipment is registered. By setting up a work-related injury ledger, the Com-
Management policies pany prepares documents such as the Occupational Disease Hazard Notification to comprehensively analyze employees' occupa-
tional disease status to ensure their health and safety.
The Company strictly complies with national and local laws and regulations and has developed and implemented several systems, The Company strictly enforces occupational health management requirements by establishing an all-inclusive health manage-
including the Work Safety Responsibility System, Safety, Environmental Protection, Fire Safety, and Occupational Health Reward ment mechanism across all bases, implementing pre-employment, on-the-job, and exit health checks, and enhancing occupa-
and Punishment Management System, the Hazard Treatment and Control Procedures, and the Occupational Health Management tional hazard identification and prevention. Workshops are equipped with efficient ventilation, lighting systems, and dust- and
System, building a systematic safety and occupational health management system. We have also established a Work Safety Com- toxin-prevention facilities, and key areas are equipped with gas alarm devices for real-time monitoring and ventilation coordina-
mittee responsible for coordinating safety management efforts, developing annual work plans and reward and punishment mech- tion, promptly reducing operational risks. Additionally, the Company provides employees with appropriate personal protective
anisms, and overseeing their implementation. Regular work safety meetings are held to continuously monitor key risks and track equipment, properly posts occupational hazard notification cards in workshops, and uses AI recognition and other technologies
the progress of corrective actions and promote the normalization of safety management practices. to continuously monitor work environments and risks, gradually achieving comprehensive occupational health management.
Senior's Work Safety Management Measures
Implements three-tier safety education, organizes special drills for fire safety and hazardous chemical leaks,
Snior
offers free annual health checks and occupational health monitoring for all employees, and provides targeted
Foshan The Company systematically conducts EHS inspections, focusing on identifying risks and hazards in
occupational health monitoring for employees in specific positions.
areas such as workplace safety, personal protective equipment, chemical handling, and emergen-
Senior Nantong Senior Europe cy preparedness. Hazards are assessed, and corrective measures are implemented. Management
Senior Hefei
Safety hazard personnel and EHS representatives oversee on-site compliance throughout the process, promoting
Completes maintenance and annual Upgrades safety technical measures by Provides frontline employees inspections continuous improvement in safety conditions.
inspections of the fire protection sys- adding protective fences, interlock devices, with personal protective equip-
tem, records zero occupational dis- and AI recognition systems, and conducts ment that meets CE standards,
ease incidents, and conducts health pre-employment, on-the-job, and exit health and conducts regular checks and In accordance with the Risk Source Identification and Hierarchical Control Procedures , the Company
check-ups and occupational health check-ups, environmental inspections, grad- updates to ensure safety for high- regularly conducts risk assessments. Based on factors such as likelihood, exposure level, and severi-
assessments for all employees. ed control, and various hazard inspections. risk positions. ty, risks are categorized into four levels, and targeted control measures are then developed. The EHS
department prepares the Safety Risk Control Report to facilitate implementation.
Senior Foshan
In 2025, risk assessments were added for public areas such as the employee gym, with risks
identified and corresponding mitigation measures defined. Major and higher-level risks were
re-evaluated against local standards, and new risk items, including risks in lithium battery Risk source
charging, were added. identification
and hierarchical
Occupational health management - Senior Nantong Occupational health management - Senior Hefei Senior Nantong control
In 2025, major and higher-level workplace safety risks were re-assessed, with new safety
Work safety management risks identified, including risks in lithium battery charging, rooftop photovoltaic systems, and
high-voltage substations.
Senior places great emphasis on work safety and employee occupational health. All bases fully implement the work safety policy,
continuously improve risk prevention and accident response capabilities to ensure the personal well-being and property safety of
employees, while minimizing the impact of accidents on people, property, and the environment. The Company standardizes man-
For major hazard sources, the Company establishes specific targets, operational control plans, and
agement processes across four key areas: safety risk identification and management, emergency management, hazard identifica-
Critical hazard emergency response measures to ensure effective risk management.
tion, and safety training, fulfilling the responsibilities of each level to ensure safe and orderly production and operations.
source control
The Company has established quarterly and annual safety awards, implemented an accident responsibility penalty and perfor-
mance deduction system, and linked major environmental protection and work safety incidents to management performance
evaluations. A "one-vote veto" system is enforced for work safety accidents. These measures aim to strengthen safety awareness The Company has prepared and regularly revises special emergency plans, including the Special
and standardized management across all employees. Emergency Plan for Public Security Prevention of Explosive Precursor Chemicals, the Natural Disas-
ter Prevention Management Measures, the Emergency Plan for Infectious Disease Emergencies, and
The Company has established a long-term mechanism for identifying and rectifying accident hazards. Each base and relevant de- the Comprehensive Emergency Response Plan for Work Safety Accidents. These plans clearly define
partment conducts hazard identification, risk assessment, and environmental factor identification. Hazards are classified as either Emergency
the responsibilities of emergency response organizations, the prevention and early warning mecha-
response man-
general or major, with regular company-level and workshop-level inspections conducted. The Safety Hazard Inspection Form and nisms, emergency response processes, post-incident disposal plans, and supervisory management agement
the Risk Identification and Control Checklist are completed for closed-loop rectification. In compliance with national laws and reg- requirements, thereby comprehensively enhancing emergency response capabilities.
ulations, the Company has developed the Work Safety Accident Reporting and Handling System , which standardizes processes for
emergency plans, thus enhancing the overall emergency capabilities and promoting continuous improvement in work safety.
The Company strengthens contractor safety management by offering safety training for external
personnel, conducting emergency education on hazardous chemicals, strictly enforcing the "Three
Simultaneities" system for construction projects, and regularly conducting drills and safety checks.
Safety agreements are signed with contracting and leasing entities, and unified coordination and
Contractor safety management are implemented to ensure timely remediation of hazards, maintaining safe and con-
management
Work Safety Management trolled operations on-site.
Employee safety education and training Building a Safety Line with Full Employee Participation from Experience to Drills
The Company has developed a comprehensive safety education and training program based on the characteristics of each posi- During the National "Safety Production Month", Senior carried out a series of safety enhancement actions at each base with
tion, and regularly organizes emergency training and practical exercises. Training courses cover core areas such as work safety, the goal of "strengthening effectiveness and encouraging full participation". Through innovation in mechanisms and scenar-
fire safety, environmental safety, and occupational health, enhancing employee awareness of safety protection. In addition, the io-based drills, the Company promotes the deepening of safety management from "system requirements" to "behavioral
Company establishes a complete three-level training system for new employees according to the Training Management Stand- awareness".
ards , deeply incorporating work safety topics into training. New employees undergo the three-tier safety education delivered by
instructors from the EHS management department, and must pass assessments before they are allowed to begin working. Through comprehensive practice combining "experience and drills", the Company continuously strengthens the foundation
of safety management and integrates safety awareness into all stages of daily production and operations, further improving
its overall safety resilience.
Work safety training Position-specific training Safety recognition activities
East China Base Dry Process Division
Confined space special training Safety incident case warning ed-
Monthly "Sharp Eye" Incentive, Launched the "Whistleblower" action and estab- Strengthened safety awareness through
ucation
Special operations safety train- Monthly "Safety Improvement lished a "dual incentive" mechanism. The "Sharp knowledge competitions, hazard inspections,
ing Special training on the storage, Expert" program, and other safe-
Eye" Incentive program encourages employees and comprehensive drills, and carried out a
use, and protection of hazardous ty recognition activities
Anti-violation (three violations) to proactively report hazards, while the "Im- month-long traffic safety campaign. Com-
chemicals
training provement Expert" program guides employees bining publicity with on-site supervision, the
Fire evacuation drills
Safety of special equipment to propose corrective actions, forming a closed- plant's traffic order was optimized, while ex-
and regulations for special Pre-employment, on-the-job loop system of hazard inspection and continuous periential education allowed personnel who
equipment operators safety education, training and improvement. This practice has been listed as a re- violated rules to participate in supervision,
assessment
gional benchmark by the Emergency Management reinforcing adherence to regulations.
Bureau of the Economic Development Zone.
Metrics and targets
Senior Hefei Senior Foshan
Senior Hefei and Senior Nantong set work safety targets for 2025, all of Considering the characteristics of cleanrooms, Conducted scenario-based practical exercises
which have been achieved. invited fire safety experts for specialized training, focusing on evacuation, escape, firefighting,
and organized fire extinguisher practice, firefight- and hose connection, enhancing emergency
ing drills, smoke escape, and evacuation exercises response capabilities under different fire con-
to enhance employees' emergency response ca- ditions.
pabilities.
Employee Safety Education and Training
out the year
Target
tification throughout the year
Target
Achieve-
ment
Status
Achieved
Employee Safety Education and Training
The "Fire Safety Month" Event
Product quality and safety Management practices
Product quality management
Management philosophy The Company has established a quality inspection and monitoring system covering the entire product lifecycle. Through key pro-
cesses such as incoming inspection, in-process inspection, finished product inspection, and outgoing inspection, the Company
We are committed to the quality policy of "Quality First, Pursuit of Excellence, Customer Satisfaction, and Continuous Improve- implements comprehensive quality control of raw materials, production processes, and delivery, driving continuous improvement
ment". Through technological innovation, we drive quality advancements. Simultaneously, we ensure the excellence of our prod- in product quality.
ucts and services by optimizing standardized management and quality systems and continuously monitoring and enhancing sys-
tem effectiveness, which in turn strengthens the market competitiveness of our products. In terms of quality management operations, in line with the Quality Management System: Requirements (QMS), the Company
conducts risk analysis and identifies opportunities at critical stages, including contract review, production, product delivery, cus-
Management policies
tomer feedback, and quality cost control. Based on this analysis, the Company formulates corresponding control measures. In
daily management, each production line keeps daily records of exceptions and tracks issues from discovery to resolution using
the PDCA (Plan-Do-Check-Act) cycle, ensuring that improvement measures are effectively implemented, forming a closed loop in
Senior has established and continually refined its
During the Reporting Period quality management.
product quality management systems, including the
Quality Manual , the Product Monitoring and Measure- The Company's ISO 9001:2015 quality management system Additionally, a performance evaluation mechanism has been established in accordance with the Quality Manual , incorporating key
ment Control Procedures , the Non-Conforming Prod- metrics such as customer audit pass rates, customer complaints, and return rates into management performance assessments,
uct Control Procedures , and the Product Recall Man- certification achieved 100 % coverage across all business strengthening the accountability for quality management. Furthermore, the Company regularly conducts quality management ac-
agement Specifications . We regularly audit the quality operations. tivities, sets clear annual quality goals and implementation plans, covering key functions such as production, quality, equipment,
management system through our Internal Audit Con- and planning, and continues to track the achievement of goals. Root causes of deviations are analyzed and improvement meas-
trol Procedures to ensure its ongoing effectiveness and ures are implemented to drive continuous enhancement of quality management.
implementation of our quality management strategy.
Product Lifecycle Monitoring and Measurement Control Process
Batch information verification: The warehouse manager verifies that the supplier's name, order number, qualification certifi-
cation, and other relevant details are correct before moving the materials to the inspection area.
Incoming
Quality inspection: The inspector conducts the inspection in accordance with the Incoming Material Inspection Specifications
inspection
and completes the inspection records.
Result handling: Based on the inspection results, the corresponding label is applied, and the materials are stored accordingly.
Semi-finished separator inspection: The inspector inspects semi-finished separator following the Product Submission and
Inspection Management Specifications, fills out the inspection records, and determines the inspection results.
In-process
inspection In-process inspection: The inspector performs regular inspections according to the Operation Specifications for In-Process
Inspection, records any identified issues, and processes non-conformities in accordance with the procedure.
Finished separator inspection: The inspector conducts the inspection based on the Finished Product Inspection Specifica-
Finished tions, completes the inspection records, and determines the results.
product
inspection Labeling and handling: Based on the inspection results, the corresponding label is applied, and the product is processed ac-
cordingly.
Prerequisite: Outgoing inspection can only occur once the products have passed all incoming material and production pro-
cess inspections.
Outgoing
Inspection content: The inspector conducts random checks on the product's appearance and packaging based on the Outgo-
Senior Jiangsu's ISO 9001 Quality Senior Changzhou's ISO 9001 Quality Senior Nantong's ISO 9001 Quality inspection
ing Inspection Specifications and verifies the Product Inspection Report.
Management System Certificate Management System Certificate Management System Certificate
Result handling: Based on the inspection results, the corresponding label is applied, and the product is processed accordingly.
Quality control strengthening We have also implemented a standardized product recall process, which clearly defines the roles of the Marketing Center, Quality
Control Center, and Technology Center. This process has improved the closed-loop management mechanism covering customer
The Company continues to enhance its quality management capabilities, focusing on process control, on-site management, and communication, cause analysis, and corrective actions. Utilizing the batch traceability system, we can accurately locate and quick-
the development of a quality culture. Quality control in key processes is strengthened through process optimization and improve- ly recall problematic products, preventing reoccurrences of the same issue at the source. The recall timeline standards are clari-
ments in manufacturing stability. fied as follows:
In 2025
Each base promoted quality improvement efforts based on its own production characteristics:
Serious defects Recall information is issued within one hour, and the recall is completed within three days.
Senior
Senior Foshan Senior Hefei
Shenzhen
General defects Recall information is issued the same day, and the recall is completed within seven days.
Focused on improving quality ca- Focusing on key control points in the The company established a weekly
pabilities, the company conducted production process, the company quality meeting mechanism to
excellence benchmark evaluations optimized mold head pressure con- systematically trace quality issues,
for quality, focusing on key indicators trol, installed anti-static fail-safe de- identify root causes, and assign During the Reporting Period
such as customer complaints, return vices, and advanced improvements responsibilities for follow-up cor-
rates, and quality inspection scores in defoaming and foreign object pro- rections, continuously improving
to advance quality improvement. At tection, effectively reducing defects the pass rate of each process.
The Company is experiencing No product recalls related to safety or health issues and ensuring the product quality
and safety.
the same time, a three-month Group such as oil stains and static electric-
Quality Season event was organized, ity, lowering coating anomalies and
enhancing overall employee quality scrap rates, and improving product
awareness and on-site management stability and consistency.
capabilities through system training,
on-site improvements, and foreign
Chemical safety management
object control.
The Company has established and adheres to the Chemical Management System and the Hazardous Chemicals Management
Specifications , and prepares a Chemical Inventory List to identify all regulated chemicals in use and implement tiered and
Case Study Deploying AI Quality Inspection System to Enhance Quality and Efficiency classified management.
Senior Hefei leveraged intelligent manufacturing to successfully deploy AI-based quality inspection systems in the
slitting and main production lines. By building an integrated system of "automatic grading + direct data transmission",
Safety operating procedures for storage cabinets have been improved, safety warning signs standardized,
the company achieved improvements in both inspection efficiency and data accuracy.
and Material Safety Data Sheets (MSDS) and safety awareness cards posted. Fire emergency supplies have
Daily
Doubling inspection efficiency been replenished. Gas line labeling and cylinder notification cards have also been enhanced, strengthening
manage-
on-site safety visualization and management.
The inspection time per roll in the slitting process was reduced from 90 seconds to 45 seconds, and the main line ment
process from three minutes to 90 seconds, resulting in an overall efficiency improvement of 50%. The total daily mecha- Chemical requisition, storage, use, and supervision registration processes are strictly followed.
manual grading time in the slitting workshop decreased from 23.9 hours to 11.95 hours. nism
The supplier admission process requires the provision of business licenses, safety permits, MSDS, and safety
Accurate data integration labels.
The system automatically integrates with the ERP platform, completely eliminating manual entry errors and
achieving 100% data accuracy.
Enhanced human-machine collaboration The Company has formulated the Regulations for the Management of Precursor Chemicals and the Manage-
Key ment Measures for Security Control of Hazardous Chemicals That Can Be Used to Produce Explosives . For
After three months of algorithm training, AI grading accuracy improved from 80% to over 98%. Frontline employ-
chemical controlled chemicals such as nitric acid, hydrogen peroxide, and sulfuric acid, the Company has issued spe-
ees actively participated in system optimization, and provided feedback on defect classification, data matching,
control cialized control rules and implemented a "dedicated personnel and warehouse" system to standardize the
and other practical issues, driving continuous iteration of the AI system in real-world applications.
entire process of procurement, warehousing, storage, usage, and disposal.
On-site facilities have been optimized, and daily inspections of gas cylinder control, and toxic and harmful gas
Integration of the philosophy of green chemistry into product
R&D and production
detection and alarm systems are conducted.
Risk
preven- Chemical safety education training and leak emergency response drills are organized, and relevant workers
tion and The Company actively responds to the European Green Deal and the Carbon Border Adjustment Mechanism (CBAM) re-
control are encouraged to obtain qualification certificates.
quirements, striving to create an environmentally friendly production system. We incorporate green chemistry principles
system throughout the R&D and production processes to ensure our products comply with REACH, Restriction of Hazardous Sub-
A chemical substitution evaluation mechanism is in place, prioritizing the elimination of carcinogenic, muta-
genic, and reprotoxic (CMR) substances and high-risk chemicals identified in the PRIO database. stances in Electrical and Electronic Equipment (RoHS), and halogen-free standards.
Raw material optimization and Waste recovery and recycling
green development
Senior Foshan has introduced the "Wo Ai Xun" intelligent inspection system, designating each chemical ware- The R&D department uses new material mod- To optimize resource utilization, the R&D depart-
house and usage area as an electronic inspection point to ensure a closed-loop process from hazard identifi- ification technologies to partially replace tra- ment collaborates with local suppliers to develop
cation to rectification and verification. ditional raw materials, significantly reducing recycling and regeneration solutions for coated
Senior Europe continues to use the EcoOnline Chemical Manager digital management system to enhance the material usage while improving performance. process separator and base separator waste. By re-
effectiveness of full-process chemical control. All chemical activities are risk-assessed, with special control cycling and reprocessing discarded base separators
Digital
manage- plans in place for hazardous substances such as CMR chemicals. Additionally, Senior Europe maintains a high- and coating materials, we have successfully convert-
ment risk chemical exposure registry, retaining records for 40 years to monitor potential occupational health im- ed them into reusable raw materials.
pacts.
Customer service
Senior Nantong uses system tools to precisely manage the usage and storage of chemicals, and monitors the
pressure, temperature, flow, and flow rate of process pipes in real time. Any abnormal data will be promptly
assessed and addressed.
Senior is committed to being customer-oriented, focusing on developing and providing high-performance, safe, and reliable sep-
Consum- Senior Europe submits its chemical inventory annually to regulatory authorities, including information such
er educa- arator products. The Company has built a localized service network and professional technical support teams, fostering long-term
as substance names, sources, hazard classifications, and occupational exposure limits. The relevant informa-
tion and and stable strategic partnerships with collaborators to achieve mutually beneficial development goals. At the same time, we con-
advocacy tion is publicly disclosed and is available for free access by any consumer or member of the public.
tinually improve product quality to ensure customer satisfaction and support sustainable development.
Management policies
Senior has established a comprehensive customer service system, implementing management frameworks such as the Customer
Satisfaction Control Procedures, the Customer Complaint and Return Handling Procedures, and the Process Control Procedures.
Through standardized processes and timely responses to customer demands, we effectively address complaints and return/ex-
change issues, ensuring customer rights are protected.
Chemical Safety Management Management practices
Customer service system
The Company has built a cross-departmental collaborative system for handling customer complaints, established standardized
management process, and clearly defined departmental responsibilities. For each customer complaint, we strictly follow the es-
tablished process for rapid response, from receiving the complaint to initial handling, thus ensuring efficient and orderly progress
in each stage. Additionally, we prioritize identifying the root cause of issues, developing practical solutions, and utilizing a closed-
loop management system to track the implementation of corrective actions. This approach continually optimizes the customer
Chemical Safety Management
experience, steadily enhancing overall customer satisfaction.
Lifecycle vulnerability management
Departments' Responsibilities Regarding Customer Complaints Server security protection optimization
Focusing on critical assets such as
network devices and information Focusing on server security, the
systems, the Company conducts asset Company continuously strength-
identification and inventory, imple- ens virus protection, intrusion
ments vulnerability scanning, risk Senior's Specialized monitoring, compliance monitor-
assessment, and remediation, and es- Management of Infor- ing, and advanced threat detec-
Customer Service Team Operations Center, Quality Quality Department
mation Security
Department, Base PMC tablishes a closed-loop vulnerability tion capabilities to enhance core
Responsible for receiving customer The Operations Center coordinates Responsible for organizing root management mechanism to continu- systems' security defenses.
complaints and promptly con- replenishment and shipment plans, the cause analysis and developing cor- ously reduce system security risks.
firming the complaint details, and Quality Department inspects replen- rective and preventive measures,
Network traffic security monitoring
simultaneously notifying the Oper- ished products and issues the Product preparing the Non-conformance
ations Center, Finance Department, Inspection Report, and Base PMC and Corrective Action Control Form Through network traffic analysis and security monitoring technology, the Company strengthens real-time recognition of
and sales assistants to facilitate executes replenishment shipments (8D Analysis Report) , and promot- traditional network attacks and advanced APT threats, and improves the network security incident response and handling
quick information flow and resource upon acceptance, thus strengthening ing closed-loop rectification and capability through traffic log retention and source analysis.
response. delivery quality control. continuous improvement.
Management practices
Customer satisfaction
Information security emergency response
The Company aims to optimize customer experience and promote mutual benefits by establishing a systematic customer satisfac-
tion management mechanism, and has defined satisfaction evaluation and continuous improvement requirements. We have set Senior has established a comprehensive information security emergency response mechanism, which includes dedicated emer-
a management goal of maintaining a customer satisfaction score of at least 85 points and regularly conduct customer satisfaction gency support teams and threat handling teams. The Company monitors information security in real-time to ensure a prompt
surveys. The survey results will be systematically analyzed, and a special review report will be formed to reveal key factors affect- response to any security incidents. In emergency situations, the Company strictly adheres to standardized operating procedures,
ing satisfaction and potential customer needs. On that basis, we develop and implement targeted service improvement plans, from the initial reporting to subsequent actions, ensuring that each step follows established protocols. Through timely feedback
driving continuous improvement in service quality. At the same time, the Company strictly follows the relevant system require- and decisive measures, we are able to swiftly contain the situation, minimizing the scope of impact and potential damage from
ments for order production and delivery management. Customer feedback and complaints are addressed within the prescribed security incidents.
timeframe through 8D reports, with corrective actions tracked to completion, forming a closed-loop management process of in-
vestigation, analysis, improvement, and verification. Internal information security assessment Third-party customer security audits
Privacy and data security
The Company regularly conducts informa- The Company accepts customer-led infor-
tion system security assessments, checks mation security audits, which review the
Information
systems' operating environment, security security Company's information security manage-
assessment
configuration, and potential risks, and pro- ment system and security measures from
and auditing
Senior has established a comprehensive information security management system, ensuring the effective implementation of motes a closed-loop management process a third-party perspective. Based on audit
information security policies and control measures. This includes the development of systematic strategies, the deployment of to address issues, continuously improving results, the Company continuously opti-
multi-layered protective measures, and regular training initiatives. These efforts safeguard information assets, ensure business information systems' security defense ca- mizes security management and technical
continuity, and enhance the Company's core competitiveness. pabilities. defenses.
Information security training
Management policies
To enhance employees' information security awareness and skills, and to mitigate information security risks, the Company con-
The Company has established and continuously improved its information security management system by formulating and up- ducts regular information security training for all employees. The training covers key areas such as information security aware-
dating the Information Security Strategy Management Procedures and System Modification Management Measures, standardizing ness, network security, and risk prevention. We design diverse training materials and formats tailored to different levels and job
information system and data security management requirements, and continuously enhancing information security risk control requirements, ensuring the relevance and effectiveness of the training. This strengthens employees' information security manage-
capabilities. ment capabilities and provides strong support for the Company's overall information security efforts.
Innovation-Driven
Development
Injecting New Vitality into
Industry Progress
Material Topics in This Section
Technological Innovation
Intellectual Property Protection
Response to United Nations Sustaina-
ble Development Goals (SDGs)
R&D and innovation R&D investment and
resource support
Centering on product iteration, frontier technology reserve, and R&D capabilities, the Company continuously improves
Management philosophy
the technical R&D system to form a systematic R&D process covering early-stage research, product development, and ap-
plication conversion. In 2025, the Company maintained stable R&D investment intensity, with R&D expenses accounting
for 7% of its revenue. We focus our investments on enhancing the performance of core separator products, developing
Senior adheres to the philosophy of "Innovation-Driven Development, and Technology Leading the Future," with a corporate spirit
supporting technologies for new battery materials, building R&D platforms, and cultivating research talent. Through
centered around "innovation, inclusion, flexibility, sharing". We view technological innovation as the core driver of sustainable
mechanisms such as budget management, process oversight, and project completion evaluation, we ensure the effective
development. We have established a comprehensive innovation management system that covers key areas such as strategic plan-
use of R&D resources.
ning, R&D implementation, resource support, and performance evaluation. This system continuously improves the systematic
and forward-thinking nature of technological innovation. We also ensure that the Company maintains a leading position in the
Innovation incentives
industry by deepening industry-university-institute cooperation, strengthening technological synergies and resource sharing, and and assessment
promoting the efficient transformation of scientific research outcomes.
Through project responsibility systems and performance management mechanisms, the Company strengthens the man-
agement of the entire R&D project process, clarifies the responsibilities of project leaders, and improves cross-depart-
Management structure
mental collaboration efficiency. At the same time, the Company continues to build the R&D talent pipeline and improve
technical staff training and incentive mechanisms, providing stable talent support for technological innovation.
The Company has built a robust organizational structure to support steady technological R&D efforts. The Technology Center
Technological R&D achievements
serves as the core of R&D, led by the Chief Technology Officer (CTO), who reports directly to the Chairman. To ensure alignment of
technological innovation with the Company's strategy, we have established a Technology Committee, the highest decision-mak-
ing body for scientific research and development matters. This committee is responsible for reviewing R&D strategies, setting di-
The Company's R&D focuses on key breakthroughs in lithium battery diaphragm technology and the development of differenti-
rections for new product development, evaluating key projects, and driving technological innovation.
ated products, and has achieved milestones in areas such as high-strength base membranes, high-temperature resistant coated
separators, solid-state battery materials, and green processes. In 2025, multiple products reached mass production or stable
Reviews the strategic plan for tech- shipment, and several cutting-edge technologies attained industry-leading levels, further enhancing the Company's technological
nological R&D
competitiveness in the new energy materials sector.
Chairman Guides the direction of new prod-
uct development The high-strength, heat-resistant infil- We developed hard-shell wet-state PVDF cold-pressed products have passed
tration coating series achieved large- products, effectively addressing the customer validation and been introduced
Evaluates new technological R&D
Technology Committee projects scale production, with multiple formu- industry challenge of insufficient into mass production, forming stable ship-
CTO
The highest scientific lations meeting customized demands. membrane adhesion after hard- ments. Fluorine-free cold-press technology
Evaluates significant product inno-
research advisory body
vation initiatives shell battery electrolyte filling. solutions have been prepared to support
the industry's green development trends.
Technology Center Evaluates proposals for introduc-
ing patented technologies The second-generation high-strength
Responsible for establishing, imple- base membranes (5μ and 7μ) have en-
menting, and continuously improving Evaluates proposals for selecting LATP electrolyte composite membrane
the technology innovation system new equipment tered mass production.
products were at an industry-leading level,
making the Company the first in the industry
to achieve GWh-level shipments of solid elec-
Management practices
We independently developed aramid-coat-
ed membranes, with heat resistance trolyte composite membranes.
meeting the 200 ° C requirement and mass
Science and technology R&D system
production achieved. The supporting We successfully developed and mass-pro-
water-based and oil-based PI materials duced oil-coated membranes for drones
outperform industry standards in key indi- and high-performance base membranes for
We have established a comprehensive innovation platform and a digital management platform to foster a culture of innovation.
cators such as heat resistance and dispersi- various digital products, further enriching
Our technological R&D and innovation system follows a "concept, pre-research, research, development, and application" techno-
bility. the high-end product portfolio.
logical innovation pathway, forming a systematic R&D process.
At the same time, the Company's achievements in technological innovation and standard building have been recognized by indus-
Industry-university-institute cooperation and external exchange
try organizations and associations, with related technologies and practices receiving multiple industry awards and professional
evaluations. The Company continues to promote industry-university-institute collaborative innovation, focusing on key areas such as sol-
id-state batteries, high-performance membranes, and new material applications. It conducts project-based cooperation with
domestic universities and research institutions. In 2025, the Company further expanded external technical exchanges, exploring
Innovation achievements were selected for Adsale's cooperation opportunities in areas such as new material R&D and intelligent manufacturing. By introducing external scientific re-
"2025 Top Ten Technology Trends in Rubber and Plastic" search resources and advanced research methods, we aim to enhance the foresight and openness of its R&D system.
LATP electrolyte composite membrane technology was awarded the "Bench-
mark Technology Award" by the Advanced Battery Materials Industry Cluster Co-establishing Off-campus Internship and Practice Bases to Promote
Industry-University-Institute Integration and Talent Development
In recognition of its contributions to standardization, the Company was award-
ed the "Standard Innovation Contribution Award" by the Shenzhen Power Sup-
In July 2025, Senior signed an agreement with the School of Materials
ply Technology Society
Science and Engineering, Huazhong University of Science and Tech-
The Company was honored as a "2025 Leading Enterprise" and "Advanced Technology Innovation Organization" by the nology (HUST), to jointly establish an off-campus internship and prac-
Guangdong Battery Industry Association, and the "6th Polymer Industry Innovation Award" and "2024 Enthusiastic Con- tice base. During the project collaboration, students from the universi-
tribution Award" by the Shenzhen Polymer Industry Association ty's new energy specialized program visited the Company's East China
Base and participated in practice projects such as membrane material
preparation, intelligent manufacturing processes, and product devel-
opment. Through this "theory-meets-practice" training model, the
company provides university students with a real-world research and
engineering practice platform, promotes the translation of research
Students from HUST's New Energy Specialized
outcomes into industrial applications, and contributes to the develop-
Program Visited Senior Nantong
ment of professional talent in the new energy sector.
Senior's Panoramic Solutions Debut at Global Dual Exhibitions, Exploring the Future of Batteries
Partnering with COBOTACT to Enter the Robotics "Electronic Skin" Sector
In 2025, Senior showcased its innovative results in power
batteries, energy storage, and next-generation battery ma- Through strategic investments in cutting-edge technology en-
terials at both the CIBF 2025 and The Battery Show Europe terprises, Senior continues to expand the application bound-
charging, and long lifespan in new energy vehicles, and ing its innovation-driven development capability. In May 2025,
for the cycle performance and cost optimization of large- the Company signed a capital increase agreement to hold a
scale energy storage systems, the Company launched 5.208% stake in COBOTACT, officially entering the robotics
high-heat-resistant fast-charging separators, low-tempera- "electronic skin" sector. COBOTACT, founded by Academician
ture bonding-coated separators, and eco-friendly non-flu- Yang Huayong and Professor Yang Geng's team, is dedicated
orine-coated separators. In addition, polymer electrolyte to the R&D of flexible sensing technology, with products ap-
separators and rigid frame products for semi-solid-/sol- plied to industrial robots, special-purpose robots, and service
id-state batteries were also introduced, further expanding robots. Looking ahead, Senior will leverage its technical ex-
application scenarios to advanced drones and high-ener- pertise and engineering capabilities in functional membrane
gy-consumption AI devices. For its continuously innovative materials to drive the scaled application and industrialization
technologies, Senior was recognized as the "Most Influential of flexible sensing materials.
Exhibitor" at CIBF 2025, further solidifying its competitive
advantage in the core materials of the new energy sector. Senior's Panoramic Debut at Global Exhibitions
Signing Ceremony of Capital Increase Agreement
Debuted at the 2025 European Lithium Battery Conference
Management practices
Senior continues to enhance its global operational capabilities and
technological influence by actively engaging in international indus- Protecting our own intellectual property
try dialogue and advancing localized capacity development. In No-
The company has established a dedicated intellectual property management department responsible for planning and imple-
vember 2025, the Company was invited to attend the 2025 Europe-
menting intellectual property strategies, equipped with a professional team with both technical and legal backgrounds. Since
an Lithium Battery Conference held in Barcelona, where it shared
practical experience on topics such as cross-border battery project
the GB/T 29490-2023 system, continuously improving the standardization of intellectual property management.
collaboration and policy coordination, and exchanged views on
the impact of a unified standards system and the "battery pass- Focusing on innovation incentives and protection of achievements, we implement a patent application incentive mechanism and
port" mechanism on supply chain transparency and compliance incorporate intellectual property-related goals into performance management. Through institutional tracking and evaluation, we
management. In line with its European market expansion, Senior continuously optimize patent lifecycle management and enhance the strategic value of patents.
also introduced the progress of its local production base devel-
opment and the mass production achievements of its semi-solid We also conduct regular intellectual property protection training, covering new employees, R&D, and management personnel. In
composite membrane products. Through high-performance lithi- 2025, we organized three specialized intellectual property training sessions, covering basic intellectual property knowledge, pat-
um battery separators and solid-state battery membrane solutions, ent mining and writing methods, and technical confidentiality requirements, further enhancing employees' awareness of protect-
the Company continues to strengthen its technological advantag- ing innovation achievements and preventing core technology leaks.
es in semi-solid and solid-state composite membrane materials,
Dr. Steven, Senior's Chief Technology Officer As of December 31, 2025, the Company
supporting the coordinated development of the European battery
(second from the right)
industry chain and the enhancement of local supply capabilities.
Intellectual property protection Applied for
patents
Including applications
for foreign patents
Held valid patents Including authorized
invention patents
Management philosophy
Senior follows the management philosophy of "Transforming Senior's separator technology through innovation and flexibility, Respecting others' intellectual property
and creating new energy wealth through intellectual property protection," recognizing intellectual property protection as a key
strategy to enhance core competitiveness. The Company continuously improves its management system, strengthens patent The Company is committed to respecting and protecting the intellectual property of others, embedding compliance requirements
strategy and technology protection, and promotes the standardized management of intellectual property throughout its lifecy- into R&D, design, procurement, and sales processes. It regularly conducts internal audits of its intellectual property compliance
cle—from creation and management to rights protection. At the same time, we accelerate the development of a strong intellectual management system to ensure that all departments strictly adhere to established procedures.
property framework, raise awareness around the use and protection of intellectual property, and build a healthy, dynamic ecosys-
Before new product development or project initiation, the intellectual property department collaborates with the R&D team to
tem that supports technological innovation and sustainable development.
conduct freedom-to-operate analysis and patent searches, systematically assessing potential infringement risks and proposing
Management policies
design-around suggestions or patent licensing solutions. In addition, the Company has established a rapid response mechanism
for intellectual property issues, where the intellectual property department leads the assessment and response to external alerts
or internal reports received through dedicated channels, thus reducing infringement risks.
Senior strictly adheres to relevant intellectual property laws and regulations, including the Patent Law of the People's Republic
of China , the Trademark Law of the People's Republic of China , and the Copyright Law of the People's Republic of China . In align- During the Reporting Period
ment with the China National Intellectual Property Administration's Plan for the Intellectual Property Strategy During the 14th
Five-Year Plan Period , the Company has developed the Intellectual Property Management Manual and the Patent Management the Company did not face any penalties by the competent authorities related to violations of intellectual property laws
Measures . These guidelines cover areas such as patent application evaluation, talent training, inventor rights protection, and pat-
and regulations.
ent evaluation, achieving comprehensive intellectual property management throughout its lifecycle.
People-Centered
Growing Together with
Employees
Material Topics in This Section
Employee Rights and Welfare
Employee Training and Development
Response to United Nations Sustaina-
ble Development Goals (SDGs)
Employee rights and welfare
Management philosophy Prohibition of
child labor
Prohibition of
forced labor
Equal pay for
equal work
Anti-bullying and
workplace harassment
Protection of female
employee rights
Before hiring, We strictly pro- We guarantee We provide a harass- We strictly implement labor
Senior is committed to creating a fair, safe, and inclusive working environment based on the "Happy Work, Content Remunera-
we strictly verify hibit all forms of equal pay for ment- and discrim- protection requirements for
tion, and Comfortable Life" philosophy. The Company ensures the protection of employees' legal rights and strictly enforces an
personnel infor- forced labor, en- equal work, en- ination-free work pregnant and breastfeeding
equal employment policy, guaranteeing that employees are not discriminated against based on race, gender, age, religion, or any
mation, review suring employees suring fair com- environment, prohib- employees, ensuring they
other factors. In terms of compensation and benefits, we have established a competitive system that provides fair returns for em-
employment re- have the freedom pensation and ca- iting violence, sexual are not assigned to prohibit-
ployees' labor through annual salary adjustments and performance incentives. At the same time, the Company places significant
cords, and check to enter and leave reer development harassment, bullying, ed positions or night shifts,
emphasis on employees' physical and mental health and quality of life, offering various benefits to enhance employees' sense of
identification doc- dormitories and opportunities for and other forms of and legally safeguarding ma-
belonging and satisfaction.
uments to ensure living areas, and all employees, mistreatment. We en- ternity leave and breastfeed-
Management policies
no child labor is that no labor is free from discrim- sure fair recruitment ing time. These measures
employed. coerced through ination based on and employment contribute to a caring, gen-
threats or force. gender, age, or opportunities for all. der-inclusive, and equitable
We strictly comply with the Labor Law of the People's Republic of China, the Labor Contract Law of the People's Republic of China, other factors. workplace environment.
the Law of the People's Republic of China on Protection of Minors, the Law of the People's Republic of China on the Protection of
Rights and Interests of Women, the Trade Union Law of the People's Republic of China , and other relevant laws and regulations.
Additionally, we adhere to internationally recognized human rights standards, including the United Nations' Universal Declaration
of Human Rights. We prohibit child labor, forced labor, workplace harassment, and bullying. In addition, we have formulated and During the Reporting Period
continuously improved core systems such as the Employee Handbook and the Corporate Culture Handbook .Each base, based on
local conditions, has also issued and implemented targeted management procedures such as the Management Procedures for Senior did not violate any laws or regulations related to child labor or forced labor.
Prohibition of Child Labor, the Protection of Minors and Female Workers, the Equity, Diversity, and Anti-Discrimination Policy, and
the Anti-Discrimination, Anti-Bullying, and Anti-Sexual Harassment Policy , comprehensively safeguarding employees' legal rights
and welfare.
A diverse and inclusive work environment
Management practices We are dedicated to fostering a culture of diversity and inclusion,
where every employee feels a sense of belonging. We recognize
We are committed to fostering an environment ground-
ed in fairness and equality by encouraging the following
that employees' individual differences, life experiences, knowl- principles:
Employee rights protection edge, creativity, and unique abilities contribute to the Company's
Mutual respect in communication and collabora-
success and reputation. We value and respect diversity at all levels
tion among all employees
We are committed to adhering to the core conventions of the Inter-
of the organization, including age, race, color, disability, ethnicity,
national Labor Organization, eliminating child labor, human traf-
family status, gender identity, language, religion, and sexual ori-
Teamwork and employee involvement to ensure
ficking, and forced labor, and opposing workplace harassment and
entation. To promote an inclusive work environment, we appreci-
all groups and voices are adequately represented
bullying. We conduct strict pre-employment background checks
ate and nurture each employee's unique characteristics, creating
to prevent the hiring of child or forced labor, respect employees'
a vibrant, collaborative, and productive atmosphere.
Flexible work schedules to balance work and life
right to freely form associations, and foster a culture of labor-man-
and meet employees' diverse needs
agement cooperation. We ensure equal pay for equal work, pro- Our diversity initiatives, based on the "One Senior" values, en-
viding fair compensation and career development opportunities compass all roles, functions, business, and projects. These initia-
Contributions from both employers and employ-
regardless of gender, age, or other factors. The Company promotes tives include recruitment, selection, compensation and benefits,
ees to serve the community, fostering understand-
a harassment- and discrimination-free work environment, ensur- professional development and training, promotions, transfers,
ing and respect for local diversity
ing fair opportunities for recruitment and employment. and social and recreational activities.
We respect the cultural backgrounds of employees from different countries and regions. At our ASEAN base, we continue to pro-
mote cultural exchange and integration among employees of different nationalities, fostering an open and inclusive organization-
Base salary: Calculated based on national laws and the Company's specific situation,
al environment. The Company incorporates local cultural characteristics in Malaysia and employees' needs to organize a variety
serving as the foundation for overtime pay.
of activities, encouraging interaction and mutual understanding among employees from diverse cultural backgrounds. In 2025,
Job salary: Divided according to employees' job ranks, consisting of a base job salary
the Company organized a series of activities at its ASEAN base, including basketball friendly matches, a Mid-Autumn Festival fair,
and a performance-based job salary. The performance salary is allocated based on indi-
a Deepavali Rangoli workshop, and Winter Solstice and Christmas celebrations. By combining sports engagement with festive cul-
vidual performance evaluations.
tural experiences, we created platforms for communication and exchange between local and international employees, strength-
ened team cohesion, and advanced cross-cultural integration in practice. Compensation Allowances: Including seniority allowance, attendance allowance, high-temperature al-
structure and lowance, night shift allowance, and others. These are determined based on the employ-
components ee's position and work conditions.
Bonuses: Comprising individual rewards and year-end performance bonuses.
Thoughtfully Prepared
Christmas Gift Exchange Deepavali Rangoli Annual adjustments are made based on the Company's economic performance, labor
Tangyuan Desserts for the Mid-Autumn Festival Fair
Activity Experience Workshop
Winter Solstice costs, and strategic planning, as well as considering employees' job positions, perfor-
mance, and development potential. Immediate adjustments are made for employees
Salary adjustment
based on work performance, position changes, and personal contributions.
mechanism
With female employees representing
As of December The Company employed
total workforce
Employees' compensation is closely tied to their individual performance, job rank, and
contributions. The Company rewards outstanding employees through individual rewards
Performance evaluation and year-end performance bonuses.
Employee Distribution Employee Distribution Employee Distribution
by Gender by Educational by Job Type
Diverse benefits and employee care
(Percentage) Background (Percentage)
(Percentage)
The Company enhances employee benefits by making time-
Associate Degree and Below Production Administrative
ly contributions to the pension insurance, medical insurance,
Female Male Bachelor Degree Technical Sales During the Reporting Period
unemployment insurance, work-related injury insurance, and
Master Degree and Above Financial maternity insurance, as well as the housing provident fund. The
Company has established a labor union, specifically responsible
for coordinating employee welfare and planning holiday activi-
ties, aiming to improve employee satisfaction and a sense of be-
Compensation and performance management longing to the Company. Additionally, we manage employee ben-
efits in compliance with relevant national regulations, attaching health check-up coverage
with signed labor contracts
Senior employs a hybrid compensation model that combines job position, performance, and capabilities to encourage employees great importance to employees' physical and mental health, and
to continuously improve their job performance, work results, and personal contributions. At the same time, the Company ensures paying special attention to the assistance and care for female em-
were covered by social rate was 100 %.
insurance.
that compensation aligns with its strategic goals and is closely linked to employees' actual performance through a flexible salary ployees and those facing family challenges. We are committed to
adjustment mechanism. continuously improving employees' work and living conditions.
Launching the "Little Stars" Summer Care Program to Support Em-
Case ployees' Childcare Needs
Basic social security Rest and holidays
Pension insurance The East China Base of Senior launched the
Statutory holidays
Medical insurance "Little Stars" Summer Camp in 2025 to meet
Paid annual leave
employees' needs for childcare during school
Unemployment insurance
Sick leave, bereavement leave, holidays. In response to the high proportion of
Work-related injury insurance marriage leave, maternity checkup non-local employees and concentrated demand
Maternity insurance leave, (male) paternity leave, etc.
for care, the base established a dedicated task
Housing provident fund force and set up a collaborative framework led
by the Party Committee, guided by the labor un-
ion, coordinated by the Company, and support-
ed by the community, ensuring robust safety
management, staffing, and curriculum support.
Additional Housing and Culture and team
Health care Over this 42-day program, children received ba-
allowances relocation support building
High- Employee Household registration transfer to Sports activities sic care services alongside a variety of activities,
temperature health Shenzhen Special Economic Zone including movie screenings, factory visits, hand-
Team building cultural activities
allowance checkups icrafts, and fun sports. Senior Changzhou also
Public rental housing for talent
Holiday gifts
piloted the cooperative "meals by the company, Senior Nantong's First Summer Camp in 2025
tutoring by the community" model, enhancing
resource integration and service quality.
Employee communication and feedback
We firmly believe that a strong employee communication and feedback mechanism is the cornerstone for the sustainable devel-
opment of the Company. Through diverse communication channels and efficient feedback systems, we ensure that every employ-
ee feels their voice is heard and valued.
"Independent & Graceful" "Vibrant Senior, Shuttle with You" Event "Your Unique Style" – Fashion
Open communication channels
– Women's Day Theme Event Aesthetic Workshop
The Company fosters an "open-door" management philosophy, encouraging employees to communicate directly with man-
agement to share ideas and raise concerns. By establishing diverse communication channels and mechanisms, we have cre-
ated an open and inclusive work environment.
Manager Employee relations position Work Work discussions and Anonymous
"Love and Reunion" "Full Moon, Family Fun" Event "Voice of Senior: 2025 Music Spectacle" "open-door" and dedicated email interviews meetings suggestion boxes
– Qixi Festival Theme Event Singing Contest policy address
Employee relations
management mechanism
Management practices
Attracting talent
The Company's Human Resources Center has established an employee relations position and a dedicated employee re-
lations email address, serving as the official channel for employees to express their opinions, suggestions, and concerns.
The employee relations position is responsible for receiving and addressing employee feedback, ensuring that employ-
We are committed to attracting outstanding talent that aligns with the Company's culture and shares our vision. To this end, we
ees' voices are given timely attention and response. Additionally, the Company has set up a grievance channel to offer
standardize the recruitment process, expand recruitment channels, and enhance the quality of talent selection. This ensures that
employees more convenient and efficient communication options.
hired individuals meet the Company's principles and requirements, while also attracting professionals eager to contribute to the
Employee satisfaction survey new energy and new materials industries.
and feedback mechanism
To better understand employees' needs and sentiments, the Company conducts an annual employee satisfaction sur- Senior, in line with its strategic needs, continuously explores and identifies qual-
vey via questionnaires. This survey serves as a self-assessment of the organization's performance at the corporate level, ity recruitment channels to acquire top talent.
while also providing deeper insights into employees' needs and expectations. The survey results help the Company de-
fine areas for improvement and create a "diagnosis-improvement-re-diagnosis-re-improvement" closed-loop manage- Internal recruitment channels
ment system, continuously optimizing organizational effectiveness. Internal referral: Encourage existing employees to refer candidates who meet job require-
ments.
Furthermore, the Company collects employee opinions and suggestions through offline channels, such as anonymous
Rehiring: Offer former employees who left but performed well an opportunity to rejoin
feedback boxes. All feedback is processed through a structured procedure: information is gathered at fixed intervals each
the Company.
month and forwarded to the relevant business departments, time-limited corrective actions are implemented, and pro-
gress is tracked by designated personnel to ensure all feedback is fully addressed.
Online recruitment channels
In 2025, Senior Changzhou continued to optimize its employee management mechanisms based on employee survey
results, focusing on welfare experiences and training arrangements. By improving the training plan development process Professional recruitment websites: Use platforms such as Zhaopin and 51Job to post job
and enriching employee care activities, the company continued to enhance employee experience and engagement. openings and attract professional talent.
Social media recruitment: Publish job information on social media platforms, such as
Talent attraction and retention
WeChat official accounts.
Short video recruitment channels
Management philosophy
Douyin video: Create short recruitment videos to showcase the Company's culture and
work environment, attracting young and dynamic candidates.
Douyin live streaming: Interact in real time through live streaming to answer job seekers'
Senior follows the philosophy of "Uniting people with a shared mission, bonding them with compassion, motivating them with questions.
effective mechanisms, and inspiring them through growth," recognizing talent as the Company's most valuable asset. We are com-
mitted to building a professional, diverse, and dynamic talent team. The Company actively attracts and retains exceptional talent Campus-enterprise cooperation channels
to meet business development needs, offering broad career development platforms and growth opportunities. Through a com-
prehensive training system, clear career advancement channels, and incentive mechanisms, we help employees achieve personal Campus recruitment presentations: Hold recruitment presentations at universities to en-
growth and value creation, ensuring mutual development alongside the Company. gage with potential graduates and introduce the Company and job opportunities.
Intern recruitment: Partner with universities to offer internship opportunities and culti-
Management policies
vate future full-time employees.
Offline recruitment channels
Senior and its subsidiaries have established and implemented internal management systems, such as the Training Management
Physical advertisements: Place recruitment ads in the Company's vicinity to attract local
Standards and the Human Resources Management Handbook, strengthening employee recruitment processes and providing
job seekers.
clear development channels for employees. We adhere to the principles of full participation, systematic planning, comprehensive
Recruitment fairs: Participate in or host in-person recruitment fairs for face-to-face com-
content, a focus on effectiveness, and practical application in building a comprehensive and diverse employee training system to
munication with job seekers.
enhance employee quality and capabilities.
The Company has designed the following promotion paths based on employees' job attributes:
Skill track
Junior Intermediate Senior Junior Intermediate Senior
Certified Certified Certified
Technician Technician Technician Technician Technician Technician
Campus recruitment presentations
Technical track
Forging the "Third Generation of Senior": The Star Project Lays the
Case Foundation for the Future
Deputy Deputy
To strengthen the youth talent pool, the Company continuously promotes the global campus recruitment and new Assistant Chief
Technician Engineer Director Manager Chief
graduate training system. The 2025 global campus recruitment project combined "offline precise coverage + online Engineer Engineer
Engineer/ Engineer
linkage" to conduct talent recruitment through promotion events at key domestic universities and online expansion Deputy
of top talent sources at home and abroad. In July 2025, over 50 graduates from key universities in China and abroad Manager
officially joined the Company and became the fifth cohort of the Star Project. The Company supports new employees
Functional track
in making a smooth transition from campus to workplace through a systematic training mechanism, helping them
consolidate the foundation for business skills and career development.
Management
Deputy
Officer Personnel/ Manager
Manager
Supervisor
To ensure fairness and transparency in promotions, the Company conducts regular evaluations and assessments:
Skill re-evaluations are conducted every one or two years, with assessment criteria including basic con-
Skill track
ditions, professional abilities, and behavioral skills.
Rank re-evaluations are conducted every one or two years, with criteria including years of service, tech-
Technical track
nical expertise, and patent contributions.
"Igniting New Stars, Full Power Membrane" – "Star Project" Training Scene Functional
Promotions are based on business needs and recommendations from superiors.
track
Additionally, the Company employs the "360-Degree Personnel Review" system to comprehensively assess management, techni-
cal, and key personnel. This includes core competency evaluations, personnel evaluation relationship charts, surveys, and inter-
views. Based on these assessments, talent review reports are created to identify key talent, strengthen the organizational struc-
ture, and provide clear directions for employees' career development.
Employee promotion and development
In 2025, the Company conducted a systematic talent review for senior management and key positions and implemented a layered
Senior emphasizes employees' career development and promotion pathways by providing a clear career trajectory and a fair pro- and categorized training mechanism based on the review results. Selected candidates were included in the overseas talent pool to
motion mechanism, ensuring their growth and advancement within the Company. provide medium- and long-term talent support for the Company's global development.
Employee training system 2025
Case
Laying the Foundation for Soaring Eagles: The "Little Eagle"
Project Supports Talent Pipeline Development
Senior is committed to establishing a comprehensive, systematic, and tiered employee
training system that supports the continuous development of employees throughout their As business scales expand and organizational capability demands
careers. The Company has created the Human Resources Center - Senior Training Camp, grow, Senior continues to improve its talent pipeline develop-
which coordinates and refines the robust training and development framework aligned ment system, focusing on systematic training for high-potential
The Company has offered a total
with the human resource development plan. This system promotes the creation of a strong employees transitioning from professional to management roles,
talent pipeline. The training content encompasses pre-job training, professional skills de- of 70,265.5 hours of and strengthening the foundation of management talent reserves.
velopment, overall quality improvement, academic education, and technical title evalua- training. In 2025, the Company launched the "Little Eagle Training Camp",
tions, addressing the development needs of employees at various stages of their careers. with a focus on enhancing self-drive and team influence through a
systematic training course design. The training camp opened with
In addition, the Company has developed five key training categories based on job char-
a session led by the Chairman and incorporated diverse learning
acteristics and employees' growth paths: induction training, job-specific training, depart-
formats, including management-level lectures, external expert
mental training, recommended training, and specialized training. These categories ensure
The average training duration training, and internal experience sharing, enhancing trainees'
that the training content is both systematic and targeted. By utilizing a scientific training
per employee is approximately overall management capabilities. The project further refines the
management model and fostering a positive learning atmosphere, we continuously en-
Company's management talent training path, drives the upgrade
hance employees' professional abilities, stimulate learning enthusiasm, and lay a solid 13.74 hours. of the talent pipeline structure, and provides stable support for
foundation for the Company's talent development and organizational vitality.
the Company's medium- and long-term strategic growth.
The "Little Eagle" Training Camp
We have designed targeted personnel development plans for different job levels and types:
Degree
Little Eagle Six Sigma
Star Project Spark Project Improvement
Project Training
Project
This project recruits outstanding graduates The Company focuses on high-potential Targeting frontline management The Company has established a To continuously improve quality
from "Double First-Class" universities through talents transitioning from professional to personnel across different bases, layered and categorized talent ca- management levels, the Com-
campus recruitment channels, and offers spe- managerial roles and conducts system- this project enhances their overall pability enhancement system, pro- pany includes Six Sigma training
cialized training for new graduates. Through atic training to improve self-drive and management capabilities through viding support for employees in the and certification requirements
project-based practical training, we leverage team influence. Through external expert systematic selection and training. production system to pursue high- in the quality engineer job level
dual-city intensive programs at the Shenzhen lectures and internal management ex- During the training, trainees are er education degrees and covering assessment system. In 2025, the
headquarters and Foshan base, combining stra- perience sharing, training is provided required to develop improvement part of the tuition fees. Addition- Company conducted special online
tegic insights with hands-on business practice in key areas such as self-awareness and topics based on actual work. Af- ally, management personnel are training covering core technical
to help new employees rapidly integrate into the team collaboration to help employees ter review and acceptance, they selected to participate in external personnel, with differentiated
organization and develop a comprehensive un- overcome skill bottlenecks and convert will graduate and gain access to senior management development course content for various levels,
derstanding of the business. In addition, through individual capabilities into organization- future talent development and programs to continuously improve such as black belt and green belt,
management-level lectures, personal develop- al capabilities, preparing management promotion pathways, continu- their strategic understanding and to improve quality expertise and
ment planning, and mentorship, we continuously talents for the Company's medium- and ously improving the professional management abilities, supporting improvement practices.
track the progress of training and promote the long-term development. and execution capabilities of the the implementation of the Compa-
growth of a robust young talent pipeline. front-line management team. ny's strategy.
Collaborative
Win-Win
Building a Responsible
Ecosystem
Material Topics in This Section
Community Investment
Supply Chain Management
Response to United Nations Sustaina-
ble Development Goals (SDGs)
Sustainable supply chain Supply chain ESG management
The Company continuously monitors suppliers' ESG management
Management philosophy
performance. Based on the Senior ESG Management Policy , we eval-
uate suppliers regularly on issues such as environmental protection,
employee rights, social support, intellectual property, business eth-
Senior is dedicated to building a responsible supply chain system. The Company is progressively integrating ESG standards ics, and occupational health and safety. Specialized training is also
throughout the supply chain management process by implementing mechanisms such as supplier admission assessments and provided to suppliers to improve their ESG practices.
performance monitoring. We aim to steadily advance our goals related to cost, efficiency, quality, and sustainability, working col-
laboratively with our partners to create an efficient and transparent value chain.
Management policies Environmental
protection
Suppliers are encouraged to complete GHG inventories and verifications (referencing ISO 14064 and/or ISO
Senior adheres to international standards, including SA8000 (Social Accountability Standard), the Universal Declaration of Human 14067 standards), set carbon reduction goals, prioritize clean energy and low-carbon technology, and im-
Rights , ISO 45001 (Occupational Health and Safety Management Systems), ISO 14001 (Environmental Management Systems), and plement rigorous environmental protection measures, particularly for managing wastewater, exhaust, and
the Responsible Business Alliance (RBA) Code of Conduct. We have developed and implemented the Senior Supply Chain ESG solid waste, as well as promoting resource recycling.
Management Policy to audit, assess, and manage suppliers, ensuring compliance with requirements in human rights protection,
labor rights, occupational health and safety, environmental protection, and other key areas.
Management practices
Full lifecycle supply chain management Employee
rights
Suppliers are required to adhere to a people-oriented approach, ensuring the basic rights of employees are
Senior builds a layered and categorized procurement management system around the goals of compliance, cost reduction, and
protected. We explicitly prohibit child labor and forced labor, prevent any form of discrimination or abuse,
risk control. In 2025, the Company signed long-term procurement agreements for strategic materials to ensure stable supply, and
and require compliance with labor time regulations and minimum wage laws, ensuring fair compensation
standardized the entire procurement bidding process by strictly implementing key processes such as project initiation approval,
and fostering a working environment rooted in equity and respect.
tender document preparation, and bid evaluation disclosure. For high-value procurement projects, we implement a joint approval
mechanism and use a comprehensive scoring method for fair and objective bid evaluations.
In terms of supplier management, we have established a closed-loop management mechanism that covers supplier access, evalu-
ation, grading, and dynamic optimization.
Inclusion stage
Occupational
Focus is on reviewing the supplier's qualification compliance, production capacity, quality, and other core capabilities. health and
Core suppliers must pass on-site inspections and sample testing. safety
We regularly audit suppliers' production environments to assess safety facilities, employee health protec-
tion, and safety management systems, ensuring the health and safety of employees in the supply chain.
Post-inclusion management
Suppliers are graded A, B, or C based on quality, delivery, and cost indicators, and their performance is evaluated quarterly
and annually to continuously optimize the supplier resource structure and improve procurement collaboration efficiency.
Management practices
Business Senior consistently fulfills its social responsibilities by actively engaging in charitable and public welfare initiatives. The Company
ethics To jointly maintain the healthy development of business partnerships, the Company requires all suppliers supports community development and gives back to society by making charitable donations to local communities at each of its
to adhere to the principles of honest operation and abide by business ethics. We promote transparency in production sites and implementing a variety of public welfare projects.
procurement by enforcing agreement constraints and conducting integrity training for suppliers, ensuring
both the Company and its partners uphold ethical practices in sourcing.
Community sports and cultural support
Agreement constraints: The Sunshine Agreement includes anti-corruption clauses that clearly prohibit The Company supports the development of sports and cultural activities in line with the
bribery, kickbacks, and corruption. "community-led, enterprise-supported, and public-participation" model promoted by
Shenzhen Matian Subdistrict. In 2025, it sponsored the Shenzhen Matian Subdistrict Foot-
Integrity training: The Company regularly organizes anti-corruption training for procurement personnel
ball Super League, contributing to grassroots community sports development.
and suppliers, communicating the Company's anti-corruption policies and requirements.
Supervision method: The Company conducts passive supervision of commercial partners' business ethics
through contract clauses, access reviews, and compliance declarations, and carries out active supervision
through regular evaluations, special audits, questionnaire surveys, or on-site inspections.In addition, the Overseas community charity
Company has established reporting channels, including an official WeChat account, a reporting hotline,
and a dedicated email address, to enable all stakeholders to monitor and report issues related to business The U.S. Base1 actively participates in local community charity activities, organizing em-
ethics. ployee representatives to join the Huntersville VermilliRUN 5K, continuously integrating
into local community charity practices.
Handling of violations: The Company clearly defines the handling process for any identified violations of
regulations, including investigation and verification, corrective actions, suspension or termination of co-
operation, and inclusion on a blacklist. For severe cases, the Company reports to relevant authorities to
ensure violations are handled in a timely and compliant manner.
Corporate culture integration practices
The Company integrates its public welfare philosophy into corporate culture develop-
ment. The Human Resources Center, in collaboration with Senior's labor union, organizes
As of the end of the Reporting Period employee hiking activities. By promoting healthy and positive sports and cultural practic-
es, the Company strengthens team cohesion and fosters positive interaction between the
shine Agreement .
The Company held 1 supplier review, covering all core suppliers, all of which met the required standards. Malaysia Community Donation: Practicing Corporate Social Responsibility
Case Study
Community charity
On June 20, 2025, the Company's ASEAN Base held a community dona-
tion event at the auditorium of a school in the Batu Kawan community,
Penang, providing essential supplies to local families in need. The event
attracted around 500 villagers and became one of the largest public
Management philosophy welfare activities in the community in recent years. Local community
councilors, MBSP representatives, and the principal of the school at-
tended the event and highly praised the Company for actively fulfilling
Senior actively responds to national calls. While achieving rapid development and continuous business expansion, we adhere to
its social responsibility and contributing to community development.
the philosophy of co-creating and sharing with the community. We carry out community charity activities to foster harmony and
integration between the Company and the communities in which we operate.
Green New Energy Materials, Inc.
Appendix ESG Metrics Category Unit 2023 2024 2025
Appendix I - Key ESG Performance Data2
General solid waste recycled Ton 17,320.16 7,585.24 8,617.20
Emissions4
Hazardous waste disposed Ton 1,920.83 3,023.35 4,597.55
Economic Performance
Total water consumption m? 878,185.82 1,264,356.13 2,214,090.25
Water Re- m?/
sources RMB10,000
Water consumption intensity 2.91 3.57 5.37
in total reve-
ESG Metrics Category Unit 2023 2024 2025 nue
Revenue RMB10,000 301,323.38 354,110.66 412,537.21 Total consumption of packaging ma-
Ton 8,657.92 12,858.54 20,728.30
terials
Total consumption of paper-based
Ton 8,588.31 12,691.63 19,122.57
packaging materials
Total consumption of plastic packag-
Ton 68.99 165.07 1,594.17
Environmental Performance 3 Materials ing materials
Total consumption of other packag-
Ton 0.61 1.83 11.56
ing materials
ESG Metrics Category Unit 2023 2024 2025 Total recycled packaging materials Ton 3,463.17 6,300.68 4,408.05
Total GHG emissions tCO2e 203,166.96 264,398.54 360,210.37 Packaging material recycling rate % 40 49 21
tCO2e/ Comprehensive energy consumption MWh 570,546.09 780,643.84 1,076,703.96
RMB10,000
GHG emissions density 0.67 0.75 0.87
in total reve- MWh/
nue Comprehensive energy consumption RMB10,000
intensity in total reve-
Direct GHG emissions (Scope 1) tCO2e 54,881.37 81,042.99 114,013.43 nue
Indirect GHG emissions (Scope 2) tCO2e 148,285.59 183,355.55 246,196.94 Direct energy consumption MWh 274,588.80 405,535.33 570,502.14
Total exhaust emissions Ton 2.61 18.74 48.15 Indirect energy consumption MWh 295,957.29 375,108.51 506,201.83
kg/ Energy5 Purchased electricity consumption MWh 276,328.13 341,396.03 463,978.71
RMB10,000
Exhaust emissions intensity 0.01 0.05 0.12
Emissions4 in total reve-
Purchased heat power consumption MWh 20.00 410.19 24.85
nue
Nitrogen oxides (NOX) emissions Ton 0.89 9.07 12.96 Renewable energy consumption MWh 19,609.17 33,302.28 80,526.27
Sulfur oxides (SOX) emissions Ton 0.61 1.42 0.95 Gasoline consumption Liter 16,014.81 13,046.81 34,203.99
Volatile organic compounds (VOCs) Diesel consumption Liter 16,993.00 17,064.00 16,934.21
Ton 0.95 6.56 27.88
emissions
Natural gas consumption 10,000 m? 2,534.50 3,744.76 5,267.42
Hazardous air pollutants (HAPs)
Ton 0.01 0.62 0
emissions Environ-
mental Total investment in environmental
Particulate matter (PM2.5) emissions Ton 0.15 1.07 6.36 RMB10,000 3,597 3,960 8,388
Protection protection
Investment
Industrial wastewater discharge m? 97,027.20 218,960.98 40,287.00
Disclosed GHG emissions are based on the consumption of gasoline, diesel, natural gas, purchased electricity, and purchased thermal energy. Scope 1 GHG emissions derive
The Company continues to enhance its ESG reporting framework. To meet the disclosure requirements of stock exchanges, additional metrics are reported this year. from gasoline, diesel, and natural gas, while Scope 2 emissions are based on purchased electricity and purchased thermal energy. Emission factors for gasoline, diesel,
Moving forward, the Company will continue to improve metrics management and reporting mechanisms to gradually enhance the completeness and transparency of ESG natural gas, and purchased thermal energy are calculated with reference to the Accounting Methods and Reporting Guidelines for Greenhouse Gas Emissions by Enterprises
disclosures. in Other Industrial Sectors (Trial) issued by the General Office of the National Development and Reform Commission of China. The emission factor for the electricity grid in the
Chinese Mainland is based on the Announcement on the Release of the 2023 Grid Carbon Dioxide Emission Factors issued by the Ministry of Ecology and Environment.
The collection scope of environmental data includes the resource consumption and pollutant emissions from both office and production areas of the Group's headquarters
and subsidiaries (including Senior Changzhou, Senior Hefei, Senior Jiangsu, Senior Nantong, Senior Shenzhen, Senior Foshan, Senior Europe, and ASEAN Base). The environ- 5
The data of comprehensive energy consumption are converted into standard coal equivalent (tce) in accordance with the Chinese national standard GB/T 2589-2020 General
mental performance metrics for 2025 increased compared with 2024, mainly due to the inclusion of Senior Foshan and ASEAN Base in the statistics. rules for calculation of the comprehensive energy consumption.
Social Performance ESG Metrics Category Unit 2023 2024 2025
Male employees trained % 93.99 91.43 83.65
ESG Metrics Category Unit 2023 2024 2025
Female employees trained % 83.65 86.62 75.41
Total number of employees and number of employees by gender Primary-level employees trained % / / 80.11
Total number of employees Person 3,988 4,634 5,113 Mid-level management employees
% / / 90.99
trained
Male Person 3,095 3,677 4,007 S e n i o r m a n a ge m e n t e m p l o y e e s
% / / 100.00
trained
Female Person 893 957 1,106
Average training hours per employee by gender and employee level6
Number of employees by educational background Employee
Training All employees trained Hour 16.91 14.83 13.74
Associate degree and below Person 2,989 3,465 3,804
Male employees trained Hour 17.34 15.00 14.04
Bachelor degree Person 887 1,015 1,097
Female employees trained Hour 15.43 14.21 12.66
Master degree or above Person 112 154 212
Primary-level employees trained Hour / / 13.22
Number of employees by age Mid-level management employees
Hour / / 16.38
Employ- trained
ment
Aged 30 and below Person 1,743 2,063 2,385 S e n i o r m a n a ge m e n t e m p l o y e e s
Hour / / 20.00
trained
Aged 31 to 50 Person 2,114 2,395 2,526
Occupa- Investment in employee occupational
RMB10,000 / / 578.35
tional health and safety
Aged 51 and above Person 131 176 202 Health
and Safe- Total training hours of employees on
Hour / / 79,796.50
ty workplace safety
Number of employees by region
Number of customer complaints re-
Item / / 72
Chinese Mainland Person 3,856 4,425 4,703 garding products and services
Product
Responsi-
bility Percentage of total products sold that
Hong Kong, Macao, Taiwan, and Over-
Person 132 209 410 were recalled for safety or health rea- % / / 0
seas
sons
Numnber by employment type R&D investment RMB10,000 24,246.35 24,802.43 27,837.96
Innova-
tion and
Full-time Person / / 5,113 R&D R&D investment as a percentage of
% 8.05 7 7
revenue
Part-time Person / / 0 Patents applied for Item 558 820 1,026
Turnover Employee turnover rate % 5.00 5.10 7.40 Total number of valid patents held Item 285 368 490
Intellec-
tual Prop- Total number of authorized invention
Total investment in training RMB10,000 / / 164.5 erty Item 122 174 204
patents held
Employee Total number of authorized utility
Percentage of trained employees by gender and employee level Item 163 194 286
Training model patents
All employees trained % 91.68 90.44 81.87
Calculation formula for average training hours per employee: Average training hours for a specific employee category = total training hours of employees in that category /
total number of employees in that category
Governance Performance Appendix II - Index table
ESG Metrics Category Unit 2023 2024 2025
Global Reporting Initiative (GRI) Standards Index Table
Number of male directors Person 6 6 6
Number of female directors Person 1 1 1 General Standard Disclosures Report Section
Board of
Directors
Number of independent directors Person 3 3 3
Entities included in the organization's sustainability
Number of non-independent directors Person 4 4 4 reporting
Number of disclosure reports Item 209 145 199 2-3 Reporting period, frequency, and contact point About This Report
Shareholders' meetings held / 6 3 7 2-4 Restatements of information N/A
Board of Directors meetings held / 12 9 12 2-5 External assurance N/A
Corporate Strategy and Development Management Com-
/ 1 0 1 Activities, value chain and other business relation-
Govern- mittee meetings held 2-6 About Senior
ships
ance
Audit Committee meetings held / 6 7 5
Nomination Committee meetings held / 1 3 1
Remuneration and Appraisal Committee meet-
/ 4 3 2
ings held GRI 2: General 2-9 Governance structure and composition Corporate governance
Disclosures 2021
Number of concluded corruption lawsuits filed Nomination and selection of the highest governance
/ 0 0 0 2-10 Corporate governance
against the Company or its employees body
Number of internal corruption reports / 0 0 1 2-11 Chair of the highest governance body Corporate governance
Role of the highest governance body in overseeing
Number of employees trained on anti-corrup- 2-12 Corporate governance
Person 1,100 646 258 the management of impacts
tion and anti-bribery
Anti-cor-
ruption 2-13 Delegation of responsibility for managing impacts ESG management
Training hours of employees on anti-corruption
Hour 550 323 1,290
and anti-bribery7
Role of the highest governance body in sustainability
reporting
Number of directors trained on anti-corruption
Person / / 7
and anti-bribery7
Training hours of directors on anti-corruption
Hour / / 7
and anti-bribery 2-16 Communication of critical concerns ESG management
The statistical scope has changed. The data for 2023 and 2024 refers to the number of employees who received the anti-corruption training in Chapter 3 of the Employee
Handbook upon their entry and the duration of the training. In 2025, a special anti-corruption and integrity training was organized (the anti-corruption training in the entry 2-17 Collective knowledge of the highest governance body Corporate governance
training was not included in the statistical scope), and the relevant data is based on the number of participants in the special training and the duration of the training as the
statistical scope.
General Standard Disclosures Report Section General Standard Disclosures Report Section
Evaluation of the performance of the highest govern- Ratios of standard entry level wage by gender com-
ance body pared to local minimum wage
GRI 202: Market
Presence 2016
local community
GRI 203: Indi-
Impacts 2016
GRI 204: Pro-
curement Prac- 204-1 Proportion of spending on local suppliers Key ESG performance data
Employee rights and welfare
Business ethics
GRI 2: General 2-24 Embedding policy commitments Business ethics
Disclosures 2021
GRI 205: An-
Communication and training about anti-corruption
policies and procedures
GRI 206: An-
ti-competitive 206-1 Not occurred
and monopoly practices
Behavior 2016
GRI 207: Tax
Stakeholder engagement and management of con-
Improving resource efficiency
GRI 3: Material Key ESG performance data
Topics 2021
GRI 301: Materi- Improving resource efficiency
Improving resource efficiency
Financial implications and other risks and opportuni- Improving resource efficiency
GRI 201: Eco- ties due to climate change Key ESG performance data
nomic Perfor-
mance 2016 Defined benefit plan obligations and other retirement GRI 302: Energy Improving resource efficiency
plans 2016 Key ESG performance data
Key ESG performance data
General Standard Disclosures Report Section General Standard Disclosures Report Section
Improving resource efficiency Waste generation and significant waste-related im- Emissions and waste manage-
Key ESG performance data pacts ment
GRI 302: Energy
Reductions in energy requirements of products and Improving resource efficiency 306-2 Management of significant waste-related impacts
services Key ESG performance data
GRI 306: Waste Emissions and waste manage-
Emissions and waste manage-
ment
Emissions and waste manage-
GRI 303: Water ment
and Effluents 303-3 Water withdrawal Improving resource efficiency
GRI 308: Suppli- 308-1 Sustainable supply chain
tal criteria
er Environmen-
Emissions and waste manage-
ment Negative environmental impacts in the supply chain
and actions taken
Key ESG performance data
Operational sites owned, leased, managed in, or adja- GRI 401: Em-
Benefits provided to full-time employees that are not
provided to temporary or part-time employees
value outside protected areas
Significant impacts of activities, products and servic-
GRI 304: Biodi- es on biodiversity GRI 402: Labor/
Minimum notice periods regarding operational chang-
versity 2016 Management 402-1 Not disclosed
es
Relations 2016
IUCN Red List species and national conservation list
species with habitats in areas affected by operations 403-2 Occupational health and safety
investigation
Improving resource efficiency 403-3 Occupational health services Occupational health and safety
Key ESG performance data
Worker participation, consultation, and communica-
Improving resource efficiency tion on occupational health and safety
Key ESG performance data
GRI 403: Occu-
pational Health
and Safety 2018
Prevention and mitigation of occupational health and
GRI 305: Emis- Improving resource efficiency 403-7 safety impacts directly linked by business relation- Occupational health and safety
sions 2016 Key ESG performance data ships
Workers covered by an occupational health and safety
management system
Emissions and waste manage-
ment 403-10 Work-related ill health Occupational health and safety
Nitrogen oxides (NOx), sulfur oxides (SOx), and other Emissions and waste manage- Talent attraction and retention
significant air emissions ment GRI 404: Training Key ESG performance data
and Education
tion assistance programs
General Standard Disclosures Report Section
Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen
GRI 404: Training
and Education 404-3
Percentage of employees receiving regular perfor-
Talent attraction and retention Stock Exchange – Sustainability Report (For Trial Implementation) In-
dex Table
mance and career development reviews
GRI 405: Diver- 405-1 Diversity of governance bodies and employees Employee rights and welfare
sity and Equal
Opportunity Ratio of basic salary and remuneration of women to
men
Not disclosed Dimension NO Topic Report Section
GRI 406: An- 1 Climate Response Climate change response
Incidents of discrimination and corrective actions
ti-discrimina- 406-1 Employee rights and welfare
taken 2 Pollutant Discharge Emissions and waste management
tion 2016
GRI 407: Free- 3 Waste Disposal Emissions and waste management
dom of Associa- Operations and suppliers in which the right to free-
tion and Collec- 407-1 dom of association and collective bargaining may be N/A Ecosystem and Biodiversity
tive Bargaining at risk Protection
mental Environmental Compliance
GRI 408: Child Operations and suppliers at significant risk for inci- Management
Labor 2016 dents of child labor
GRI 409: Forced
Operations and suppliers at significant risk for inci- 7 Water Resources Utilization Improving resource efficiency
or Compulsory 409-1 N/A
dents of forced or compulsory labor
Labor 2016
Green products
GRI 410: Security Security personnel trained in human rights policies or Emissions and waste management
Practices 2016 procedures
GRI 411: Rights
Incidents of violations involving rights of indigenous 10 Social Contributions Community charity
of Indigenous 411-1 N/A
peoples
Peoples 2016
Operations with local community engagement, im-
GRI 413: Local pact assessments, and development programs
Communities Ethics of Science and Technol- gy development, or other activities in technology-ethics-sensi-
ative impacts on local communities
GRI 414: Suppli-
er Social Assess- Social At the end of the Reporting Period, the Company did not have
Negative social impacts in the supply chain and ac-
ment 2016 414-2 Sustainable supply chain accounts payable (including notes payable) with a balance ex-
tions taken 14 Equal Treatment of SMEs
ceeding RMB30 billion or accounting for more than 50% of total
GRI 415: Public assets, so it is not applicable
Policy 2016
Product and Service Safety Product quality and safety
Assessment of the health and safety impacts of prod- and Quality Customer service
GRI 416: Cus- uct and service categories
tomer Health Data Security and Customer
and Safety 2016 Incidents of non-compliance concerning the health Privacy
and safety impacts of products and services
Employee rights and welfare
Requirements for product and service information 17 Employees Talent attraction and retention
and labeling
GRI 417: Market- 18 Due Diligence ESG management
Incidents of non-compliance concerning product and
ing and Labeling 417-2 Not occurred
service information and labeling
Sustainabil-
Incidents of non-compliance concerning marketing ity-related
communications governance 20 Business ethics
Anti-corruption
GRI 418: Cus-
Substantiated complaints concerning breaches of 21 Anti-unfair Competition Corporate governance
tomer Privacy 418-1 Not occurred
customer privacy and losses of customer data
Appendix III - Reader feedback form regarding the
Report
Dear reader,
Thank you for taking the time to review Senior's Environmental, Social, and Governance (ESG) Report. We genuinely
appreciate your attention to this report and invite you to share any feedback or suggestions that could help us
enhance future editions.
Please rate this report by marking it with an in the appropriate box:
Question Excellent Good Average Poor Don't Know
Do you believe this report effectively
Should you have any comments or recommendations, please do not hesitate to reach out to the Company using the
highlights the key environmental, social,
and governance aspects of Senior? following contact methods:
Tel: 0755-36800999
Do you find the information and metrics
disclosed in this report to be clear, accu- Email: esg@senior798.com
rate, and comprehensive?
Address: 5 North Tianyuan Road, Gongming Matian Sub-district Office, Guangming District, Shenzhen, Guangdong
How would you evaluate the content or- Province, China
ganization and design style of this report
in terms of readability?
Your information
How do you assess Senior's performance
in serving customers and safeguarding
their interests? Name:
Company:
Which section of the report interests you the most? Position:
Phone:
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Do you have any suggestions for the Company to improve future reports?
Shenzhen Senior Technology Material Co., Ltd.
Address: 5 North Tianyuan Road, Gongming Matian Sub-district O?ce,
Guangming District, Shenzhen, Guangdong Province, China
Web: https://www. senior798. com/
Tel.: 0755-36800999
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