Report Preparation Notes
Introduction of this Report, certain disclosures appropriately reference data
from previous years or includes forward-looking descriptions.
This report is the third Environmental, Social and The preparation of this Report covers Changhong Meiling and
Governance (ESG) Report (hereinafter the "ESG Report" its subsidiaries. Unless otherwise specified, the statistical scope
or the "Report") released by Changhong Meiling Co., Ltd. aligns with the annual report.
Prepared in accordance with the principles of objectivity,
standardization, transparency, and comprehensiveness, Data Description
this Report provides a detailed disclosure of the Company's
practices and performance in environmental, social, and The data used in this Report is sourced from the Company's
governance aspects for the year 2025. operational raw data, publicly available government data, annual
financial data, internal statistical reports, and other relevant
Preparation Basis sources. Financial data in this Report is denominated in RMB. In
case of any discrepancies with the financial report, the financial
Self-Regulatory Guidelines No. 17 for Companies Listed on report shall prevail.
Shenzhen Stock Exchange — Sustainability Report (Trial)
issued by the Shenzhen Stock Exchange (hereinafter referred
to as the " Guidelines") Definitions
Self-Regulatory Guidance No. 3 for Companies Listed on Terms to be defined Definition
Shenzhen Stock Exchange — Preparation of Sustainability
Changhong Meiling,
Report issued by the Shenzhen Stock Exchange Changhong Meiling Co., Ltd.
the Company, we
China Corporate Sustainability Reporting Guide (CASS-ESG Changhong Air Sichuan Changhong Air Conditioner Co.,
Society, and Zeren Yun Research Institute Zhongshan Changhong Zhongshan Changhong Electric Co., Ltd.
Zhongke Meiling Cryogenic Technology Co.,
Sustainability Reporting Standards (GRI Standards 2021) Zhongke Meiling
Ltd.
issued by the Global Reporting Initiative (GRI)
Changmei Living Hefei Changhong Meiling Life Appliances
United Nations 2030 Sustainable Development Goals (SDGs) Appliances Co., Ltd.
Jiangxi Meiling Jiangxi Meiling Electric Appliance Co., Ltd.
Sustainability Accounting Standards Board Standards (SASB Mianyang Meiling Mianyang Meiling Refrigeration Co., Ltd.
Standards) Hefei Industrial Hefei Changhong Industry Co., Ltd.
International Financial Reporting Sustainability Disclosure Changhong Meiling Ridian Technology Co.,
Ridian Technology
Standards No. 1 — General Requirements for Disclosure of Ltd.
Sustainability-related Financial Information (IFRS S1) and Sichuan Hongmei Intelligent Technology
Hongmei Intelligent
International Financial Reporting Sustainability Disclosure Co., Ltd.
Standards No. 2 — Climate-related Disclosures (IFRS S2)
issued by the International Sustainability Standards Board
(ISSB)
Report Access and Feedback
Guiding Opinions on Central Enterprises' Fulfillment of
High-Standard Social Responsibility in the New Era issued This Report is published in electronic format and can be
by the State-owned Assets Supervision and Administration accessed and downloaded from the Shenzhen Stock Exchange
Commission of the State Council website (www.szse.cn) or the Juchao Information website
(www.cninfo.com.cn). If you have any comments or suggestions
Report Scope regarding this Report or the Company's social responsibility
performance, please email us at info@meiling.com, or call 0551-
The reporting period of this Report is from January 1, 2025,
to December 31, 2025 (referred to as the "Reporting Period").
To enhance the comparability and forward-looking nature
Contents
Report Preparation Notes 01
Ensuring Compliance, Driving Green and Low- Embracing
Chairman's Message 04 Cultivating Responsible Carbon Development, Responsibility,
Business Protecting Our Ecosystem Connecting Better Lives
Board of Directors'ESG 06
Statement
Improvement of Company Governance 18 Combat with Climate Change 40 Building a Responsible Value Chain 62
About Changhong Meiling 07
Building a Robust Risk Control Defense Line 20 Environmental Compliance Management 47 Leading Industry Development 65
Corporate Profile 07
Ensuring Information Transparency 22 Resource Recycling 51 Empowering Employee Growth 67
Corporate Culture 07
Adhering to Business Ethics 24 Green Production and Operations 57 Dedicated to Giving Back to Society 75
Corporate Development Course 08
Meiling 2025 Milestones 09
ESG Management 10
Sustainability Strategy 10
Sustainability Governance 11
Materiality Assessment 14
Advancing Smart
Manufacturing, Renewing
Due Diligence and Stakeholder 15
Communication
Better Services
Stimulating Innovation Vitality 28
Accelerating Intelligent Transformation 32
Pursuing Excellence in Quality 34
Future Prospects 76
Building Service Excellence 36
Appendix 78
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' ESG About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Chairman's Message
remained committed to committed to reducing the environmental impact of our products and operations across the full
Meiling to accelerate its leapfrog development and achieve new breakthroughs. In the face of a rapidly changing market
our mission and advanced lifecycle. We strictly complied with environmental regulations and continuously strengthened
environment, we remained firmly committed to high-quality development. Focusing on four key dimensions—compliant green development in a
pollution prevention and control. Following a development path centered on energy conservation,
governance, intelligent transformation, low-carbon development, and social responsibility—we advanced our ESG solid and orderly manner.
resource efficiency, and circularity, we integrated green development concepts throughout the
strategy in a coordinated manner, steadily fulfilled our ESG responsibilities, and continued to create diversified value,
entire lifecycle, covering raw material procurement, product design, manufacturing, packaging and
delivering solid results amid challenges and forging ahead with strong momentum. logistics, and product recycling. We continued to promote the green upgrading of our products
and injected strong momentum into the Company's low-carbon transformation through concrete
actions to protect the environment.
During the year, we We consistently regarded compliant operations as the lifeline of the Company's
maintained strong development. On this basis, we further improved our corporate governance structure,
governance discipline and refined the operating mechanisms of the shareholders' meeting, the Board of Directors,
continuously improved
and management, clarified the boundaries of powers and responsibilities at each level, During the year, we We attached great importance to supply chain development and worked closely with our partners
governance effectiveness.
and enhanced the scientific rigor, standardization, and efficiency of decision-making. actively fulfilled our to practice responsible procurement and build a green, secure, and sustainable supply chain.
We also strengthened our internal control, compliance, and risk management systems, responsibilities and We adhered to a people-oriented philosophy by protecting employees' rights and interests and
continued to create value
reinforced the “three lines of defense" for risk prevention and control, and upheld providing broad platforms for their growth and development. We also actively fulfilled our social
for stakeholders.
business ethics. We also continued to improve investor relations management, ensured responsibilities by supporting rural revitalization and participating in public welfare initiatives,
compliant and transparent information disclosure, and effectively safeguarded investor demonstrating corporate care through concrete actions. In doing so, we generated social value
interests. while creating economic value and contributed to building a better society.
During the year, we We remained committed to enabling product renewal through technological
pursued excellence breakthroughs. The Meiling M Fresh Ultra 501S refrigerator pioneered a new industry With solid development Looking ahead, Changhong Meiling will remain firmly committed to high-quality development,
and sustained strong momentum and
paradigm with its all-scenario freshness-preservation technology, while the Blue Oxygen with product innovation as the core driver, digital transformation as the underpinning, and talent
innovation momentum. a keen awareness
Garment-Care Washer made its global debut, setting a new benchmark for the industry. development as the foundation. We will continue to deepen green technology innovation and
of the significant
Guided by our user-centered philosophy, we comprehensively advanced the “Quality advance low-carbon practices across the entire value chain. By leveraging strong technological
responsibilities we
Improvement Year" initiative, accelerated the digital transformation of marketing, bear, we are embarking capabilities to drive the industry toward higher-end, smarter, and greener development, fulfilling
and advanced the full online, mobile, and data-driven transformation of our business on a new journey with our ESG commitments through pragmatic actions, rewarding shareholders' trust with solid
operations. Through stronger innovation capabilities and a steadfast commitment to renewed determination. performance, and responding to social expectations with a strong sense of responsibility, we will
quality, we continued to enhance users' experience of better living. strive to write a new chapter of sustainable development for Changhong Meiling in advancing
Chinese modernization.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
About Changhong Meiling
Corporate Profile
Founded in 1983 and headquartered in Hefei, Anhui, China, Changhong Meiling became the first listed company in Anhui Province
Board of
when its A-share stock was listed on the Shenzhen Stock Exchange (hereinafter the "SZSE") in 1993 (Stock Code: 000521.SZ). In 1996, its
B-share stock was also listed on the SZSE (Stock Code: 200521.SZ), making it Anhui Province's first dual-listed company (A- and B-shares)
and earning recognition that same year as one of the Shenzhen Stock Exchange's top ten high-performing listed companies.
Directors'ESG
As a national benchmark enterprise for technological innovation, the Company has consistently strengthened its core competitiveness
through technology and product innovation. The Company has achieved continuous breakthroughs across multiple domains,
Statement
including intelligent and simulation technologies; freshness preservation, odor purification, and ultra-low temperature refrigeration;
energy-saving and air-cooling solutions; thin-wall and ultra-thin design; as well as washing performance and fabric care. The
Company's achievements have been recognized with numerous national honors, such as being designated a "National Green Factory"
and a "National Technology Innovation Demonstration Enterprise." It has also been named a "Leading Enterprise in Quality in China's
Home Appliance Industry" and a "National Demonstration Enterprise for Industry-Academia-Research Collaboration Innovation," while
The Board of Directors is the highest decision-making body its "Smart Refrigerator Intelligent Manufacturing" initiative was selected as a national pilot demonstration project.
for the Company's ESG matters, responsible for integrating
ESG considerations into the Company's management
Corporate Culture
policies and operational decision-making processes. The
Board places significant emphasis on ESG initiatives and has
established an ESG Management Committee, chaired by the
Chairman of the Board. The ESG Management Committee is
responsible for studying and formulating the Company's ESG
strategic plans and objectives, establishing the management Corporate Spirit Core Values Corporate Mission
system, evaluating and reviewing the Company's ESG-related
strategies, risks, and implementation performance, and Hard Work, Pioneering, Perseverance, and Excellence User-Centricity Let Better Days Come
reviewing the ESG Report prior to its submission to the Board
for approval.
Changhong Meiling highly values the expectations of Code of Conduct
stakeholders regarding ESG matters. Taking into account
industry characteristics and key issues arising from the
Company's operations, the Company conducts stakeholder Accountability, Initiative, Innovation, and Cooperation
engagement surveys, assesses, prioritizes and screens ESG
topics, and timely adjusts and determines its material ESG
topics.
Brand Proposition
Beautiful China, Fresh Meiling
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Corporate Development Course Meiling 2025 Milestones
April 2025
first batch of China's Consumer Premium Brands
announced by the Ministr y of Industr y and
Establishment Successful listing of Successful listing of Award of "China Joint investment with the Information Technology of the People's Republic
of the Company A-shares in Shenzhen B-shares in Shenzhen Well-Known Technical Institute of Physics of China.
Trademark" and Chemistry CAS to
The Company globally launched the new AI
establish Zhongke Meiling
refrigerator product, Frozen Fresh 505, introducing
the concept of "freshness defined by technology
rather than environment." This launch marked
a technological breakthrough that subverted
traditional preservation logic, empowering AI to
redefine freshness standards.
Acquisition of Investment in a Acquisition of Strategic restructuring with A subsidiary, Mianyang Changhong Smart Home
Launch of the "Zhihuijia
Pakistan for refrigerator Conditioner Co., Ltd. and construct a washing machine project with
Ecosystem" and
project development and Zhongshan an annual single-shift production capacity of one
investment in a Indonesia million units.
Changhong
manufacturing base
The Six Sigma Green Belt project of Changhong
M-Fresh Refrigerator June 2025 Air Conditioner was recognized as a "Professional-
recognized with two level Achievement" in China's national quality
world records appraisal.
Investment of RMB 400
July 2025
million in construction industry-disruptive product – the M-Fresh Ultra
of the Meiling Hefei 502F Refrigerator, applying "rose-grade freshness
Washing Machine preservation" technology to reshape industry
standards.
Intelligent Industrial Park
The Shanshuijian EA Series new products of
launched, creating an indoor "micro-climate"
close to natural mountain-and-water conditions
Launch of the Establishment of Successful listing Release of the Launch of the "Blue Oxygen and delivering an integrated air solution featuring
industry's first fully- a subsidiary for of Zhongke Meiling new brand Hand-Wash Like" washing "constant temperature, humidity, ox ygen,
thin refrigerator home appliances on the Beijing proposition: machine and the first Zhihuijia cleanliness and quietness," thereby advancing
Stock Exchange "Beautiful China, AI large model air conditioners from standalone temperature-
Fresh Meiling" control devices to comprehensive air environment
management platforms.
The Hand-Wash Like · White Whale drum washing
machine was officially launched. Its "Hand-Wash
Like" redefines industry cleanliness standards,
establishing another milestone in the field of fabric
care and opening a new chapter for Changhong
Meiling's washing appliance division.
The Company held a new freezer product launch
December 2025
event themed "The Power Combination, Peak
Debut," unveiling two new freezer products:
"Inverter Energy-Saving King" and "Inverter Frost-
Free King."
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
ESG Management Sustainability Governance
In response to sustainable development trends and in compliance with national laws, regulations and governance requirements Governance Structure
for listed companies, Changhong Meiling formulated a clear sustainability strategy. This involved systematically enhancing
The Company has established a "three-tier linkage mechanism" for sustainability governance composed of the Board of
its ESG management system, conducting a materiality assessment, and deeply integrating ESG principles into its corporate
Directors, the ESG Management Committee, and the ESG Working Group. Within this structure, the Board of Directors serves as
governance.
the highest responsibility body. The ESG Management Committee, formed by key members of the Board, acts as the overarching
leadership body for ESG initiatives. Under the ESG Management Committee, the ESG Working Group is responsible for the daily
Sustainability Strategy
execution of the Committee's affairs, implementation of resolutions, and advancement of related tasks. This ensures the effective
implementation of strategic plans and management requirements set by the ESG Management Committee. This tiered and
specialized ESG governance framework provides solid organizational support for achieving sustainability goals.
Guided by its vision and mission of "Meiling, Let Better Days Come," and anchored in its core positioning of "Smart Enjoyment of Tier Organizational Name Scope of Responsibilities
a Green Future," Changhong Meiling has formulated a medium-to-long-term ESG strategy. This strategy centers on our roles as
a "Green Lifestyle Advocate, Technology Innovation Driver, and Compliant Governance Practitioner." This strategy is built upon
six strategic pillars, supported by five key enablers: organization, systems, capabilities, culture, and finance. It comprehensively Review and approve the Company's ESG strategic plans and objectives,
governance structure, and key policies.
integrates green transition with intelligent transformation, demonstrating the Company's ambition to lead the industry in
sustainable development. Decision- Board of Review and approve the Company's ESG Report and disclosure of material
Making Tier Directors ESG governance information.
Review and approve major ESG matters and response plans for significant
Changhong Meiling ESG-related risks.
Smart Enjoyment of a Green Future
Strategic
Smart technology enabler · Green lifestyle advocate · Harmonious society co-creator Study and formulate the Company's ESG strategic plans and objectives, and
Planning
establish the ESG management system.
ESG A ssess and review ESG-related strategies, risks and implementation
Strategic Excellent Intelligent Quality Collaborative Management
Climate Action Green products Management performance.
Pillar Governance Manufacturing Consumption Progress Level
Committee
Review the Company's ESG Report and other ESG-related matters.
Continuously Achieving carbon peak Take “ Full Lifecycle Accelerate the Adhere to customer- Work together with
optimizing the in our own operations Green Management” development of new centric product suppliers, employees, Handle other matters authorized by the Board of Directors and matters
governance and before 2030 and carbon as the core principle quality productive operationsand user- communities and required under applicable laws and regulations.
Strategic operational system neutrality before 2060 and develop a portfolio forces and advance centric brand building, other stakeholders
Objectives to empower the of low-carbon and transformation providing consumers to jointly promote
Company's high-quality environmentally toward intelligent with differentiated sustainable
development friendly products manufacturing value-added products development
compliant with national
standards
Promote the standardized and institutionalized implementation of ESG
initiatives and fulfill relevant approval procedures.
Efficient Governance Dual Carbon Initiative Green Product Iteration Technological Product Experience Responsible supply
System innovation chain Implement ESG matters across the Company, strengthen interdepartmental
Low-Carbon Industrial Product Energy Service Upgrade
Implement
Compliance Parks Efficiency Rate Product innovation Employee rights and coordination and communication, and advance execution of ESG-related
-ation
Management System
Brand Communication
interests
Execution ESG Working matters.
Path Clean energy Product Quality Control Service innovation
Risk control Public Welfare Body Group
Initiatives Organize preparation and external disclosure of ESG-related reports and
implement the requirements of the ESG Management Committee.
Monitor risks and issues arising in day-to-day ESG management, provide
feedback and recommendations, and support future development planning.
Safeguard Organizational Institutional Capability Cultural
Financial Safeguards
Mechanisms Safeguards Safeguards Safeguards Safeguards
Changhong Meiling Sustainability Strategy
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Institutional Mechanism Risk Management
The Company has established and continuously improved internal systems for sustainability management, information
The Company has established a comprehensive sustainability risk management system, a normalized risk reporting mechanism,
reporting, and oversight and performance assessment. It has formulated and issued Implementation Rules of the Board ESG
and differentiated risk response strategies to ensure transparent risk information and timely decision-making.
Management Committee, which clarify the authority, workflow and decision-making mechanisms of the ESG Management
Committee. The ESG Management Committee convenes dedicated meetings on a regular basis. Review results are submitted in a
timely manner to the Board of Directors and the ESG Working Group to guide follow-up implementation. An internal mechanism
shall be established to monitor and supervise the management of ESG?related matters. The primary responsibilities of the ESG
Management Committee are defined to oversee and guide the effective implementation of the Company's ESG initiatives. The A closed-loop management mechanism of "risk identification – remediation – tracking
performance of senior executives in advancing ESG work shall be incorporated into the comprehensive performance appraisal and early warning – remediation verification" has been established. The Company has
system for management. This includes formulating the Company's ESG strategic plan, establishing the ESG management system, also set up a Compliance and Risk Control Committee to conduct comprehensive risk
reviewing the Company's ESG management performance, and fulfilling key performance indicators (KPIs) for specific ESG topics identification and assessment.
such as talent development, environmental management, safe production, occupational health, scientific and technological
innovation, and the management of major liability accidents.
Risk Management
System
Capability Enhancement
The Company actively organizes internal ESG training programs and participates in external industry ESG training activities to
enhance ESG expertise and overall professional competence among relevant personnel. This has fostered a broad consensus A reporting mechanism for major risk matters has been established. Continuous
centered on ESG principles to drive the Company's high-quality development, laying a solid foundation for the deepening and oversight of the progress of major risk incidents is maintained through a monthly
continuous improvement of its ESG initiatives. reporting system, which is integrated into the performance assessment framework.
Risk Reporting
and Supervision
Risks arising from changes in the external business environment: Identified risk matters
are tracked monthly, developments are closely monitored, and proactive and prudent
preventive measures are adopted.
Risks related to incremental business: Comprehensive contingency plans and response
strategies are formulated, with phased implementation schedules and execution requirements
clearly defined. Compliance and Risk Control Departments convene regular meetings to solicit
views from functional management departments and risk decision-making bodies.
Risks related to existing business: Major risks are assessed and response proposals are
Risk Response developed, with clear objectives for risk resolution, organizational leadership, management
Strategies and processes, resource support, and specific response measures.
Measures
The Company has established sustainability objectives and a quantitative indicator
s y ste m . Fo r t h e f ra m e w o r k d e s i g n , i m p l e m e n tat i o n pat h wa y s , a n d p h a s e d
achievements of relevant targets and indicators, please refer to the respective chapters
on material topics in this Report.
Indicators and
Targets
Changhong Meiling Participates in ESG Training Changhong Meiling Awarded the Top 100 of
the 3rd Guoxin Cup • ESG Golden Bull Award
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Materiality Assessment Due Diligence and Stakeholder Communication
In accordance with the requirements of Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange — Sustainability The Company conducted on-site due diligence with stakeholders including heads of departments and key employees, Company
Report (Trial), Self-Regulatory Guidance No. 3 for Companies Listed on Shenzhen Stock Exchange — Preparation of Sustainability Report suppliers, and shareholders. Background research was carried out on the sustainability context of the regions where the Company
issued by the Shenzhen Stock Exchange and Reference Indicator System for ESG Special Reports of Central Enterprises Controlled Listed operates, industry characteristics, and the full product lifecycle. The Company conducted in-depth analysis of local policy guidance
Companies issued by the General Office of the State-owned Assets Supervision and Administration Commission of the State Council, the documents, industry standards and regulatory requirements, topic lists and weighting methodologies adopted by internationally
Company conducted its materiality assessment by taking into account industry characteristics, actual operating conditions, and its business recognized ESG rating agencies, and ESG reports of peer companies, with a focus on key factors that may affect ESG topic selection as
model. The Company also incorporated its strategic development priorities and the key concerns of both internal and external stakeholders, well as associated risks and opportunities. Through online questionnaires, the Company collected views from internal stakeholders
and adopted a dual materiality assessment framework. Based on this process, a total of 21 material topics related to Environmental, Social regarding financial materiality and from external stakeholders regarding impact materiality, in order to ensure the comprehensiveness
and Governance (ESG) were identified. and accuracy of ESG topic identification.
Changhong Meiling Dual Materiality Matrix
Stakeholder Expectations and Demands Communication and Response
Innovation-Driven development
Strengthening pollution
Risk & internal control Risk screening
prevention and control Supply chain Product and service safety and Government
management quality Anti-fraud measures Complaint mechanism
Compliance
management Energy utilization
Service quality Ensure service standards
Financial Significance
Combat with Protecting the rights and interests
climate change of employees
Employee training and Customer
development Protect customer rights and interests Improve service quality
Utilization of water Green products
resources Circular economy
Occupational health and safety Improving compensation and benefits
systems
Information security and privacy protection
Compensation and benefits protection
Anti-unfair competition
Environmental
Business ethics and anti-corruption Optimizing career development
Social responsibility compliance Promotion mechanisms
management
Corporate government pathways
Employee
Ecosystem and biodiversity Governance related to Employee growth and development
sustainability Enriching diversified employee training
Employee caring
Employee care initiatives and cultural
Impact Significance activities
Changhong Meiling 2025 Dual Material Topics List Implementing assistance programs
Rural revitalization
Community
Actively participating in charitable
Innovation-Driven development Business ethics and anti- Governance related to Supporting public welfare initiatives
activities
High Low Financial corruption sustainability
Supply chain management
Financial Materiality,
Information security and Corporate government
and Impact Product and service safety and High Impact privacy protection
Materiality quality Materiality Green products Performance of contracts and
Operational compliance
Topics Topics Circular economy agreements in accordance with law
Energy utilization
Occupational health and Partners Compliance with business ethics
Protecting the rights and interests of safety Transparent and fair business principles
employees
Utilization of water Supply chain management
Employee training and development Full lifecycle management of suppliers
resources
Accurate information disclosure Sufficient information disclosure
High Combat with climate change
Financial Low Financial Environmental compliance Social responsibility
Strengthening pollution prevention and Impact Investors Communication with investors Diversified communication channels
Materiality, management
and control Materiality Ecosystem and
Low Impact
Topics Anti-unfair competition biodiversity Enhanced ESG performance Elevate ESG management capability
Materiality Compliance management
Topics
Ensuring
Compliance
Cultivating Responsible
Business
Changhong Meiling strictly complies with applicable laws, regulations, and
listed company governance requirements, and continuously improves its
corporate governance framework while strengthening tax, compliance, and
risk management. Guided by the principles of integrity and fairness, the
Company fosters a sound market environment and creates long-term value for
shareholders through high-quality development.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Improvement of Company Governance Board of
Shareholders
Board of
Directors Management
The Company has established a governance system centered on the General Meeting of Shareholders, Board of Directors, and
Management, in accordance with relevant laws and regulations such as the Company Law of the People's Republic of China, the
Securities Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Shenzhen Stock
Exchange Listing Rules, and internal regulations including the Company's Articles of Association, the Independent Director System,
Strategy Committee
Audit Committee
Nomination Committee
Assessment Committee
Remuneration and
ESG Management Committee
and the Board of Directors Rules of Procedure. To strengthen governance effectiveness, the Company has formulated a detailed
delegation-of-authority manual and implemented differentiated authorization management for subsidiaries, with clearly defined
approval procedures and authority limits, enabling scientific, rational, and efficient subsidiary management. At the same time, the
Company has established and continuously refined a scientific, fair, and transparent performance evaluation system and incentive-
restraint mechanism for directors and senior management. We continuously enhance the governance framework, improve the level
of standardized operations, and strengthen policy enforcement to ensure the General Meeting of Shareholders, the Board of Directors,
and the Management perform their respective duties effectively, maintain checks and balances, and enable sound decision-making,
thereby safeguarding the Company's high-quality development.
The Company promotes the development of board diversity policies, the selection and appointment of Company directors strictly
prioritize compliance as the premise, professionalism as the core, and role suitability as the guiding principle. Multiple factors are
comprehensively considered, including basic qualifications, professional competence, ethical standards, structural compliance, and
Organizational Structure Chart
industry experience, actively building a diverse, complementary, balanced, and inclusive Board team. Establish a scientific evaluation
mechanism to conduct regular assessments of Board members, ensure that they devote sufficient time and energy to the Company's
affairs, and guarantee the effectiveness of their performance of duties.
In 2025, the size and composition of the Board fully complied with applicable laws, regulations, and the Articles of Association. The
Board maintained a standardized governance structure and diversified composition, effectively safeguarding scientific decision-
making and governance effectiveness. Board of Board of Management
Shareholders Directors
Number of Independent Percentage of Independent
Directors Directors on the Board
The General Meeting of The Board of Directors is accountable to the The Management acts
highest authority and is
General Meeting of Shareholders and serves
as the Company's decision-making body. It is
as the executive body
of the Company and is
Number of Company responsible for reviewing and responsible for implementing resolutions of the responsible for carrying out
Number of Female Proportion of female approving major corporate General Meeting of Shareholders, formulating day-to-day operational and
Directors
Directors directors matters. business plans and investment proposals, managerial affairs.
among other duties.
Number of Female Senior Percentage of Female Senior Organizational Name Total Number Female Members Breakdown
Management Personnel Management Personnel
Board of Directors 9 2 3 Independent Directors, 6 Non-Independent Directors
ESG Management Committee 6 2 1 Independent Directors, 5 Non-Independent Directors
Audit Committee 5 1 3 Independent Directors, 2 Non-Independent Directors
Strategy Committee 7 1 1 Independent Directors, 6 Non-Independent Directors
Remuneration and Assessment
Committee
Nomination Committee 5 1 3 Independent Directors, 2 Non-Independent Directors
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Building a Robust Risk Control Defense Line Types of Risk and
Opportunity
Risk and Opportunity
Description
Impact
Severity
Impact
Timeframe
Mitigation Measures
Strengthen awareness of discipline and rules.
Changhong Meiling consistently adheres to integrity-based operations and maintains compliance as a core business principle. Compliance
Unethical behavior by company Continuously enhance the integrity and risk
concepts are integrated into all aspects of operations and management through continuous improvement of compliance operating
employees may lead to a decline prevention awareness of management and
mechanisms, stronger compliance risk prevention, enhanced compliance review procedures, and deeper development of compliance Staff Integrity Risk Medium Long-term
in consumer recognition of the staff through measures such as signing Integrity
culture, thereby promoting high-quality corporate development through efficient compliance management. Company brand. Undertakings and conducting integrity education
and training.
Compliance Management
Management of Impacts, Risks and Opportunities Related to Compliance Operation
Governance Related to Compliance Operations
The Company has established a comprehensive compliance management system, including the Basic Compliance and Risk Control The Company has established an integrated compliance, risk control, and internal control management system that is risk-oriented,
Management System, the Measures for Compliance Review Management, the Detailed Rules for Compliance and Risk Control Work, compliance-focused, and internal control-driven. This system features scientifically designed management bodies with clearly defined
the Standards for the Internal Control System, the Measures for the Management of Compliance and Risk Control Administrators, and responsibilities and appropriately allocated personnel. Based on three risk levels—low, medium, and high—a "three lines of defense"
the Measures for Investigating Liability for Non-compliant Business Operations and Investments. These systems form an institutional framework for compliance and risk control management has been constructed, comprising business departments, the Compliance and
framework covering key areas such as investment, operations, risk control, and human resources, ensuring that compliance requirements Risk Control Department, the Audit and Supervision Department, and decision-making bodies. Compliance review is embedded into
are embedded throughout all operational processes. operational management processes as a mandatory procedure for critical business activities, including the formulation of core policies,
decision-making on significant matters,
The Company has established a Compliance and Risk Control Committee, composed primarily of senior executives and management
members. Under this structure, a Compliance Leadership Group serves as the decision-making core, primarily responsible for reviewing execution of major contracts, operation of key
and deploying strategic plans and objectives for compliance and risk control work, and coordinating solutions for key and difficult issues projects, large-value procurement and sales,
in the compliance management domain. A Compliance Committee Office is set up as the executive center, focusing on the day-to-day and management of substantial funds. The
management of compliance and risk control to ensure the precise implementation of all compliance requirements and the continuous Company conducts compliance training and
optimization of the compliance management organizational system. Annually, the Company conducts comprehensive risk identification awareness programs, requires all employees
across strategic, financial, compliance, market, operational, and legal domains. Using a risk assessment model, risks are categorized to sign compliance commitment letters, and
into three levels—low, medium, and high—resulting in a risk identification list that clarifies responsible persons and units for risk events. continuously strengthens the legal mindset,
Regular reviews are organized. compliance awareness, and legal/compliance
execution capabilities of both staff and
Strategy Related to Compliant Operations compliance personnel, effectively advancing
compliance initiatives.
To ensure sustainable compliant operations, risk management is treated as a primary task. The goal is to establish a closed-loop risk
The Company held the 2025 Internal Auditor Training for the Management System
management mechanism of "risk identification – remediation – tracking and early warning – remediation verification," build a risk
management system encompassing risk identification, assessment, monitoring, and response, and implement a regular risk reporting
mechanism to ensure transparent risk information and timely decision-making.
Indicators and Targets Related to Compliance Operation
Types of Risk and Risk and Opportunity Impact Impact
Mitigation Measures
Opportunity Description Severity Timeframe
In 2025, the Company completed all target tasks related to compliance governance. No major litigation, arbitration, or other risk events
Changes in domestic and
occurred during the reporting period, and no violations or penalties were recorded, with no fines incurred.
international laws and regulations Closely monitor changes in relevant policies
Policy and Medium to
(e.g., Anti-Monopoly Law) may Medium and regulations, and implement preventive risk
Regulatory Risk Long Term
lead to increased compliance measures in advance.
costs.
Formulate relevant reputation management
Non-compliant incidents may and response policies, clarify incident handling
Market Reputation
lead to customer loss and stock High Short term procedures and division of responsibilities, and
Risk price decline. swiftly mitigate the adverse impact of negative
publicity on the Company.
Total Number of Standardized Total Duration of Total Number of Participants
Brand Value
A positive corporate image Governance & Compliance Standardized Governance & in Standardized Governance
Improve compliance credibility with reference
contributes to enhanced brand Medium Long-term Training Sessions Compliance Training & Compliance Training
Opportunity to ISO 37301 and other recognized standards.
value.
International business operations
face risks from policy changes
Continuously monitor customs, tax, and export
control policy developments in trade partner
Overseas Market in foreign customs, compliance, countries, establish a "penetrative" early-warning
taxation, export controls, etc., Medium to mechanism, and formulate differentiated policy
Policy and Medium
potentially leading to surging Long Term response plans for key markets; leverage a
Compliance Risk Over the next 3-5 years, the Company will continue to focus on the objectives of "Stable Operations, Compliant Management, Asset
export costs, supply chain diversified supply system and accelerate the
Security, and Strategic Realization." It commits to adhering to laws, regulations, industry supervisory requirements, and internal rules
restructuring, and restricted regionalization of supply chain layout to reduce
market access. reliance on any single market. and systems, aiming to achieve zero occurrences of major operational risk events.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Internal Control Investor Relations Management
In accordance with the Basic Standards for Enterprise Internal Control and relevant governmental policy directives, the Company has
The Company has established policies including the Investor Relations Management Policy, the Reception and Promotion Work Policy,
formulated various internal control systems, including the Basic Compliance and Risk Control Management System, the Measures for
Compliance Review Management, the Standards for the Internal Control System, and the Risk Management Policy. These documents and the Brand Crisis Early Warning Management Regulations, diligently carrying out all aspects of investor relations management. We
define internal control governance bodies, division of responsibilities, management principles, operational requirements, and procedural engage with investors through various channels such as the Shenzhen Stock Exchange's "Interactive Easy" platform, hotline, email,
arrangements. The Company's internal control system consists of the Board of Directors (providing guidance and evaluating internal control institutional research meetings, brokerage strategy conferences, reverse roadshows, and earnings briefings. We actively listen to
effectiveness), the Compliance and Risk Control Department (the primary responsible department), the Audit Department (the department investors' opinions and suggestions to deepen communication. The Company strengthens public sentiment management through
organizing internal control evaluations), and various functional departments (departments responsible for implementing and executing internal
proactive monitoring, real-time handling, and post-event follow-up, providing appropriate responses promptly to guide positive
controls). Internal control audits are conducted at both internal and external levels, encompassing comprehensive audits and inspections
across areas such as production and warehousing, procurement and payments, sales and receivables, research and development, and discourse and effectively prevent and properly manage reputational risks.
capital and investment. For key domains—including tender-based procurement, financial management, personnel management, service
management, and safety management—as well as for high-risk business activities, specific operational policies or specialized guidelines have
been established to strengthen internal control. A contract review mechanism has been implemented, supported by a contract management 2025, the Company
system, to effectively monitor the signing and fulfillment of contracts and prevent disputes or inadequate performance. Monthly screening for
significant risks is conducted, with remediation measures formulated and advanced monthly for identified risk issues. The Company places
high importance on the development of financial internal controls, establishing a system centered on accounting control and management
Number of Investor Inquiries Responded to Earnings Briefings Held Investor Reception Sessions
control. The Internal Audit Management System has been formulated to provide an institutional foundation for internal audit work, ensuring the
effective execution of the Company's internal control procedures. Tax management policies such as the Measures for Value-Added Tax Invoice via the "Interactive Easy" Platform
Management and the Measures for the Management of Pre-Tax Deduction Vouchers for Corporate Income Tax have been established, promoting 1 times
the digital transformation of tax management to mitigate tax-related risks. 191 times
The Company earnestly fulfills its tax obligations, declares tax information in a timely and accurate manner, conducts tax declaration and tax
payment in an orderly manner, and voluntarily accepts tax inspections. For many years, the Company's tax credit rating has been rated as Class
Investor Hotline Calls Answered Institutional Investor Visits Received
A by the tax authorities.
Ensuring Information Transparency
times person-times
Changhong Meiling has established and refined mechanisms to protect investors' rights and interests. We proactively build communication
bridges with investors, respond promptly to their concerns, and communicate the Company's value. Our compliant information disclosure
practices enhance investors' understanding and recognition of the Company. We continuously improve investor relations management to build
and maintain a positive image in the capital markets. Enhancing Information Disclosure
Protection of Investors' Rights and Interests The Company complies with the relevant requirements of Shenzhen Stock Exchange Stock Listing Rules and the Self-Regulatory
The Company maintains a complete business system and independent operational capabilities. It operates independently from its actual Guidelines No. 1 for Companies Listed on Shenzhen Stock Exchange —Standard Operation of Main Board Listed Companies issued by
controller and controlling shareholders in terms of business operations, personnel, assets, Organizational structure, and finance. The Shenzhen Stock Exchange. It has formulated information disclosure-related policies including the Information Disclosure Management
Company implements a continuous, stable, and transparent profit distribution policy. While balancing the Company's long-term interests and Policy and the Financial Reporting Management Provisions, continuously strengthening information disclosure management and
sustainable development, it emphasizes providing reasonable returns to investors. In accordance with the Company's Articles of Association fulfilling disclosure obligations for major events to ensure that information disclosure is truthful, accurate, complete, timely, fair, and
and the Shareholder Return Plan for the Next Three Years (2024-2026), profit distribution is conducted under the premise that the Company's
effective. In addition, on the basis of ensuring compliant information disclosure, the Company appropriately increased voluntary
profitability and cash flow support normal operations and long-term development, thereby safeguarding investors' rights and interests. In any
single fiscal year, the total cash dividends to be distributed (including any interim cash dividends) shall be no less than 15% of the distributable information disclosure to improve the reference value and utility of its disclosed information. Adhering to regulations including the
profits of the listed company's parent entity for that year, but shall not exceed the lower of the distributable profits presented in the parent Inside Information Confidentiality Policy and the Registration Management System for Persons with Access to Insider Information
company financial statements and the consolidated financial statements. of Listed Companies, the Company
Based on confidence in the Company's development prospects and recognition of its value, during the reporting period, the Company
standardizes internal procedures
implemented a share repurchase to enhance investor returns and market confidence. A repurchase plan was formulated and executed for A-share fo r re p o r t i n g , t ra n s m i tt i n g , a n d
repurchase, with a total repurchase amount ranging from RMB 150 million (inclusive) to RMB 300 million (inclusive). The repurchased shares are confidentiality procedures for major
intended for implementing equity incentive plans, aiming to strengthen investor confidence, improve shareholder returns, further improve the i n f o r m a t i o n , st r i c t l y co n t r o l l e d
Company's long-term incentive mechanism, and promote the Company's sustained, stable, and healthy development.
t h e s co p e o f i n fo r m e d p e r s o n s ,
and effectively prevented risks of
information leakage. In 2025, the
Company cumulatively disclosed
Company Distributed
RMB
information leakage or violations
of information disclosure occurred
Number of Shares Repurchased During the Percentage of Repurchased Shares to Total Share Capital During the during the reporting period, effectively
Reporting Period Reporting Period safeguarding the legitimate rights
and interests of the Company and its
stakeholders. The Company held the 2025 Confidentiality Work Conference
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Adhering to Business Ethics Whistleblower Protection
Changhong Meiling has formulated the Measures for Petition and Reporting
Changhong Meiling has established an integrated management system of compliance, risk control, and internal control under a rule-of- Management, which clearly stipulate reporting channels, reporting
law framework, and conducts supervision and inspections of potential violations and irregularities on an irregular basis. The Company Mobile OA Communication QQ
methods, and whistleblower protection measures. Multiple public
consistently maintains a zero-tolerance stance towards illegal activities, disciplinary violations, and any conduct not in good faith. Group
reporting channels have been established, including a reporting hotline,
disciplinary inspection email, and reporting mailbox. Whistleblowers may 539027***
Anti-Corruption Management
submit complaints or reports anonymously, fundamentally preventing the
disclosure of whistleblower information. All reporting channel terminals Reporting Hotline
The Company attaches great importance to the prevention and control of risks related to commercial bribery, corruption, fraud, and are directly managed by the Company's disciplinary inspection office,
integrity compliance. It has formulated systems including the Management Provisions on Anti-Corruption, Anti-Bribery and Anti-Fraud, thereby reducing the risk of information leakage.
the Contract Management System, and the Trademark Management System, embedding integrity requirements into core processes Reporting Email
For individuals making real-name reports and providing valid evidence,
such as procurement and bidding, supplier admission, and channel development authorization. The Company has established
the Company adopts strict confidentiality measures and strictly prohibits chmljiwei@meiling.com
a leadership group for anti-commercial bribery and anti-corruption/fraud management, with senior management serving as the
any form of suppression or retaliation. Personnel responsible for violating
core decision-making body for specialized management. At the same time, the Compliance and Risk Control Department has been
confidentiality requirements will be subject to strict and severe disciplinary
designated as the department responsible for daily implementation and advancement of related work, tracking rectification progress
action. In addition, the Company has established a whistleblower reward
and effectiveness throughout the process to ensure closed-loop risk prevention and control management. The Company organized
mechanism, under which effective whistleblowers are commended and
management personnel and employees in key positions to sign the Integrity Undertakings, conducted one-on-one integrity interviews
rewarded, in order to encourage employee participation and jointly
with newly appointed management personnel and employees in key positions, and provided thematic training on anti-corruption
safeguard the Company's integrity image.
laws and regulations for management personnel and employees in important positions. In addition, the Company organized warning
education activities, including the study of typical corruption cases and visits to integrity warning education bases, in order to foster a
sound environment for integrity compliance. The Company also carried out accountability assessments in strict accordance with the
Special Rectification Plan for Integrity Work and the Implementation Measures for Accountability for Illegal Operation and Investment,
promptly addressing loopholes in operational management. Furthermore, integrity clauses were incorporated into anti-corruption Anti-unfair Competition
management policies, procurement contracts, and distributor agreements, or separate integrity cooperation agreements were
signed with business partners, clearly specifying integrity obligations, breach liabilities, and reporting channels, thereby continuously The Company strictly complies with the Anti-Monopoly Law of the People's Republic of China, the Anti-Unfair Competition Law of
improving the Company's operational and management standards. the People's Republic of China, the Foreign Trade Law of the People's Republic of China, as well as applicable laws and regulations
governing overseas business operations. It has formulated institutional documents including the Legal Affairs Management System
In 2025, a total of 3,367 employees participated in anti-commercial bribery and anti-corruption training, representing 74% of all
and the Management System for the Protection of Trade Secrets, and establish a Market Order Management Committee in charge
employees. Neither the Company nor its employees were involved in any corruption, bribery, or fraud cases concluded by or under
of anti-monopoly and fair competition compliance, to prevent unfair competition practices such as false advertising, monopolistic
trial in court. No employees were dismissed or subject to disciplinary action due to corruption, and no contracts with business partners
conduct, and infringement of trade secrets, thereby establishing an honest and fair competition mechanism and fostering a fair market
were terminated or not renewed as a result of corruption-related incidents.
environment. The Company actively responded to the 2025 China Fair Competition Policy Publicity Week, organizing special training
sessions on anti-monopoly law, anti-unfair competition law, and trade secret protection. These sessions focused on topics including
antitrust filing and review of business operator concentration, emerging anti-monopoly risk points, anti-monopoly investigations,
and anti-monopoly civil litigation. In addition, the Company established a full-process anti-monopoly and fair competition
risk management mechanism,
systematically standardizing anti-
m o n o p o l y a n d fa i r co m p e t i t i o n
r i s k co n t r o l . B a s e d o n i n d u st r y
characteristics and business models,
the Company identified potential
compliance risk points, rejected
clauses violating fair competition
principles, and opposed price
monopoly provisions. In 2025, the
Company did not experience any
litigation or major administrative
penalties arising from unfair
competition practices.
The Company organized special training sessions on anti-monopoly law and anti-unfair
The Company organized a visit to an Integrity Warning Education Base competition law
Advancing
Smart Manufacturing
Renewing Better
Services
Changhong Meiling adheres to fundamental principles while pursuing
innovation, guided by the orientation of "pursuing innovation, advancing
intelligence, and improving quality." The Company integrates technological
innovation throughout the entire development process, continuously tackling
core technological bottlenecks; deepens the upgrading of intelligent and digital
manufacturing, empowering production efficiency and process improvement
through smart manufacturing; strictly controls product quality to consolidate
the foundation for development with high-quality products; and upgrades its
customer service system to enhance user experience through considerate full-
process services, thereby creating a new corporate benchmark for China's home
appliance industry.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Stimulating Innovation Vitality Management of Impacts, Risks and Opportunities Related to Innovation-Driven
Changhong Meiling regards technological innovation as a core strategy and concentrates on integrating scientific and technological Changhong Meiling consistently adheres to an innovation-driven development strategy and has established and continuously
innovation resources. The Company continuously improves R&D innovation incentive measures from multiple dimensions, including improved a risk identification, assessment, and response mechanism in the field of innovation. The Company has embedded
system construction, platform support, and talent assurance, while promoting the efficient transformation and application of opportunity assessment and risk management related to innovation-driven development throughout its overall internal control and
innovation achievements, strengthening full-chain intellectual property protection, improving the technology ethics governance risk management system, ensuring that its strategic planning and operational decision-making can effectively seize opportunities
system, and comprehensively driving technological and product innovation upgrades to consolidate the scientific and technological arising from industry transformation, properly address various risks brought by technological iteration and market competition, and
foundation for high-quality development. safeguard stable operation and sustainable development.
Governance Related to Innovation-Driven
Innovation System Layout
The Company continuously strengthens the construction of its R&D innovation system by establishing an innovation model of
The Company attaches great importance to and continuously strengthens its R&D innovation system by establishing a technological "talent + platform + mechanism." It actively attracts and cultivates innovative talent, builds innovation platforms, optimizes incentive
R&D structure composed of the User and Product Development Center, Innovation Design Center, and Testing and Experimental mechanisms, consolidates the four foundational pillars: team, technology, platform, and product. The Company deepens industry-
Center. The senior management shall be responsible for research and development and innovation management, and leverage a dual- university-research cooperation, promotes collaborative R&D across the industrial chain, and advances the IPD process to accelerate
driven model of "independent R&D + collaborative innovation," the Company conducts innovation research across multiple fields and the transformation of technological innovation into practical products. In 2025, the Company possessed 3 national-level, 9 provincial/
continuously expands the boundaries of technological application. ministerial-level, and 6 municipal-level scientific research and technology service platforms.
The Company has established and improved an internal management system for technological innovation and implemented
innovation management regulations including the Product Design and Development Control Procedure, the Technical Innovation
Project Management Provisions, the Product Development Project Management Measures, the Enterprise Technical Standardization
Management Provisions, and the Annual Incentive Plan for Standards and Norms.
Strategy Related to Innovation-Driven
The Company consistently adheres to a market-oriented approach, focusing on the development and application of high and new
technologies and new products, with research into new materials, new processes, and technologies with independent intellectual
property rights as key priorities. It has established a new pattern of technological research and product development featuring
"developing one generation, reserving one generation, and commercializing one generation," continuously strengthening capabilities
Technical Research on "Heat Transfer Characteristics of Sealing Components and Performance Technical Research on "Impact Mechanism
in AI technology, inverter technology, simulation technology, freshness preservation technology, refrigeration technology, and new
Enhancement of Anti-Condensation Tubes": Established a CFD heat transfer simulation model of Refrigerator Temperature Fluctuations
material technology to enhance core competitiveness.
on Food Quality and Flavor": Established
a d e te c t i o n m e t h o d f o r v o l at i l e f l a v o r
Types of Risk and Impact Impact compounds in food
Risk and Opportunity Description Mitigation Measures
Opportunity Severity Timeframe
R&D in smart home appliances and energy-
Shortens product development cycles;
saving technologies requires substantial
Medium fully utilizes academic resources such
capital investment, and market acceptance High
term as universities to address technical
can vary, creating potential risks of
challenges;reduce trial-and-error costs.
unsuccessful market promotion.
Market risks
As consumer demand for high-end
Comprehensively implement the
and personalized products continues
Medium Integrated Product Development (IPD)
to increase, a mismatch between R&D Medium
term process to establish a business and
direction and market demand may lead to
customer-oriented R&D workflow.
inventory accumulation.
Insufficient patent protection for core
Establish a patent early warning system
technologies may result in technology High Short term
to proactively avoid infringement risks.
Intellectual leakage.
property risk International patent barriers (e.g., EU Plan ahead by establishing overseas R&D
Medium
energy efficiency standards) may restrict Medium centers to accelerate the localization
term
the global expansion of technologies. process for technology and production.
Driven by the national "Dual Carbon" goals,
demand for high-energy-efficiency and Accelerate R&D in low-energy-
Market low-emission products continues to grow. Medium to consumption and environmentally
Medium
opportunities High-energy-efficiency and low-energy- Long Term friendly products to strengthen core
consumption products have become core competitiveness.
growth drivers. Changmei Living Appliances further deepened strategic cooperation with higher education institutions
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Innovation Achievements Intellectual Property Protection
Application Honors and Awards
Changhong Meiling has established intellectual property management
The human-sensing
Leveraging its strong industrial technology systems including the Special Trademark Authorization Management
air conditioner jointly
foundation and professional expertise, Provisions, the Detailed Rules for Trademark Management System
developed by Changhong
Changhong Meiling continuously promotes the Air Conditioner and higher
Implementation, the Trademark Management System, and the
industrialization of scientific and technological education institutions Project Management Measures, clearly defining requirements for the
achievements in line with its actual development received certification from creation, application, protection, and management of intellectual
needs and technology application directions, China Household Electric property at every stage, and controlling product infringement risks
creating diversified value for users and injecting Appliances Research from the project source. The Company encourages active employee
innovative momentum into the high-quality Institute. innovation, provides timely patent incentives for generated patents,
development of the industry. actively promotes patent transformation and product application,
and encourages intellectual property creation to maximize intellectual
property value. During the reporting period, the Company did not
Changhong Meiling Intellectual Property
experience any infringement litigation. Management System Certification
Innovation achievements
The Company innovatively The Company upgraded The Company launched Science and Technology Ethics Governance
applied Changhong Meiling's and launched air an intelligent full-scenario
Changhong Meiling strictly adheres to technology ethics principles, and continuously improves its science and technology ethics
AI self-optimization technology conditioner series including vaccine solution and
governance system. The Company standardizes science and technology ethics risk management throughout the full process of R&D,
and globally launched the new "Living & Dining Room Pro" successfully delivered
production, and sales, regularly carries out science and technology ethics safety education and specialized training, and continuously
AI refrigerator product "Frozen and "Super Energy Saving the fully air-cooled low-
deepens employees' awareness and understanding of AI ethics. During the reporting period, the Company did not record any violations
Fresh 505." Pro," continuously pushing temperature storage unit
of science and technology ethics.
the boundaries of product with frost-free defrosting
performance. technology.
Refrigerator and Freezer
Air Conditioner Products Biomedical Sector
Products Indicators and Targets Related to Innovation-Driven
In 2025, the Company recorded
Washing Machine Kitchen Appliances and Small R&D investment of
Products Household Appliances
The Company launched the
"Hand-Wash Like · White
The Company developed core
technology for multi-chamber
RMB
core business operations
software copyrights
Whale" drum washing direct-injection high-firepower
machine, redefining gas stoves, which has been
industry cleanliness successfully applied in five end
The statistical scope for "valid patents," "invention patents applied in core business operations," and "software copyrights" covers Changhong
standards. products. Meiling, Hongmei Intelligent, Jiangxi Meiling, Mianyang Meiling, Ridian Technology, Changmei Living Appliances, Changhong Air Conditioner,
Zhongke Meiling, and Zhongshan Changhong.
Indicator 2025 Targets Reporting Period Progress During the Reporting Period
R&D investment R&D expense ratio: 3.0% Short term Completed
The Company established overall targets to shorten R&D cycles and improve R&D efficiency. For A+ and A-class products, the product
development cycle was shortened by 26%, while ensuring that innovation investment precisely matches market demand, improving
returns on innovation investment. At the same time, through full life-cycle quality management, the Company enhanced product
durability and customer satisfaction, reducing resource waste caused by quality issues. The Company also controlled the total
number of refrigerator and freezer SKUs, focusing on core products, reducing redundant models, optimizing supply chain efficiency,
lowering environmental and management costs associated with production and inventory, and continuously strengthening core
Changhong Meiling Frozen Fresh 505 Refrigerator "Hand-Wash Like · White Whale" Drum Washing Machine competitiveness.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Accelerating Intelligent Transformation
Guided by its "data strategy," Changhong Meiling focuses on the goals of "comprehensive digitalization" and "comprehensive intelligence,"
deepening the establishment of intelligent digital management systems and advancing digital infrastructure implementation. The Company
promotes the deep integration and innovative application of next-generation information technology with manufacturing, driving digital
transformation and data business restructuring.
Digital Operational Management
Changhong Meiling has deeply applied next-generation information technologies
such as AI and big data. Based on the stable operation of systems including ERP,
SCP, WMS, and PLM, and supported by the Doris data warehouse and BI platform,
the Company has established a unified big-data intelligent decision-making service
platform. This platform enables: real-time monitoring of key indicators such as
accounts receivable and cash flow; intelligent early warning of operational risks;
formation of a "data-driven" financial governance model covering the full value
chain, supporting precise decision-making and continuous cost reduction. The
Company has also achieved: automatic generation of core operational reports on Changhong Meiling Refrigerator Intelligent Manufacturing Production Changmei Living Appliances "AI Healthy Kitchen" Intelligent Ecosystem
Changhong Meiling obtained the DCMM (Data
a T+1 basis; near real-time updating of key indicators; and panoramic operational Line
Management Capability Maturity Model) Steady Level
insight capabilities.
(Level 3) Certification
Digital Transformation Development
In response to the characteristics and challenges of the home appliance
industry, Changhong Meiling adheres to an operational philosophy of Honors and Awards
innovation-driven development, internal-external integration, industrial
collaboration, marketing specialization, and digital specialization.
Centered on users, the Company advances along three paths: digital Two Changhong Meiling cases were
support for business operations; digital value creation; and digital-driven recognized by China A ssociation for
innovation. This enables digitalization of core business processes, digital Mechatronics Technology and Application
empowerment of business and products, and effective implementation as Typical AI Application Scenarios.
of the Company's digital transformation strategy. In 2025, the Company
was recognized as a provincial benchmark enterprise for integrated
development of advanced manufacturing and modern service industries;
the project "Promoting Smart Supply Chain Transformation and
Upgrading Based on 5G + Industrial Internet Technology" was selected for
the 2025 Typical Cases of Manufacturing Digital Transformation. Changhong Air Conditioner Intelligent Control Center
Digital
Digital Digital Digital Supply
Manufactur-
marketing R&D Chain
ing
Using an intelligent transaction platform as the hub, the Based on the IPD (Integrated Product Development) Through deep application of the MES system and industrial Based on the industrial internet platform, the Company
Company launched the unified business portal "Xinhongye project management system, the Company promoted the big data platform, the Company promoted deployment upgraded and promoted the ISRM intelligent supply
APP" and upgraded the user-side smart home application, launch of a new product trial production control system, of the DQS digital quality management system and the chain management platform, building a unified data
further deepening the "C+3 customer order model." AI tools forming an integrated digital R&D and manufacturing carbon asset full life-cycle management platform. This hub. Through continuous optimization of procurement,
are systematically applied for scenario-based marketing system with: IPD as the framework; a collaborative forms a digital transformation matrix covering production inventory, and logistics decisions using data models,
and user acquisition, building a digital marketing system. platform as the linkage mechanism; trial production and operations, quality control, and carbon asset management. the Company established a digital supply chain system
asset management systems as support. covering the entire process.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Pursuing Excellence in Quality Management of Impacts, Risks, and Opportunities Related to Product and Service Safety and Quality
Under the theme of "Quality as the Foundation, Users as the Priority," Changhong Meiling fully implements its corporate value of "user- The Company strictly complies with national laws and regulations, including the Regulations on Supervision and Administration of
centered" development, comprehensively advancing the "Year of Quality Improvement" initiative. Through a sound quality governance Industrial Product Manufacturers' Implementation of Primary Responsibility for Quality Safety. It has formulated internal systems
framework, strict internal control standards, and full-process quality monitoring, the Company is committed to providing customers including the Quality Work Guidelines, the Quality Management System, the Quality Supervision and Management Standards, and the
with safe, reliable, and high-quality products and services. Comprehensive Quality Risk Management and Control Measures. These systems clarify quality objectives, management principles, and
supervision mechanisms, and implement quality control throughout the entire product life cycle, including design, manufacturing,
sales and other stages. The Company has formulated and decomposed annual quality targets, tracking and ensuring their effective
Product Quality Assurance fulfillment on a monthly basis. It has implemented a quality risk management system covering emergency response and closed-loop
rectification to strengthen quality risk prevention. The Company formulated the Procedure for Inspection and Testing to standardize
the processes of product quality inspection and testing. A high-standard quality control system spanning the entire value chain has
Governance Related to Product and Service Safety and Quality
been formed, with testing capabilities accredited by CNAS, the Ministry of Industry and Information Technology Laboratories, and
The Company has established a Quality Committee, chaired by the President, as the highest decision-making body for quality recognized against standards such as CSA, BV, and ERP. The Company has also built a quality knowledge base, deepened its Quality
management, responsible for overall quality planning and major decision-making. The Quality Assurance Department, as the Month activities, and enhanced the professional skills of quality management personnel, thereby systematically elevating the overall
execution body, is responsible for supervision of system operation and risk control, while each business division and subsidiary quality management capability.
assumes primary quality responsibility, forming a closed-loop quality management mechanism from decision-making to execution.
Strategy Related to Product and Service Safety and Quality
The Company has established a "dual-loop driven" model to deepen implementation of its quality strategy. In the internal loop
of system management, adhering to the quality policy of "customer first, company-wide quality participation, source control, and
continuous improvement," the Company uses "system management" and "closed-loop resolution" as dual drivers. During product
design and development, tools such as FMEA (Failure Mode and Effects Analysis) are introduced to achieve full life-cycle product
management. In the external loop of market environment management, the Company adopts advanced standards and continuously
promotes innovation and improvement to ensure product quality and process stability. A policy early-warning mechanism has been
established, under which the Standards Committee regularly identifies global energy-efficiency regulations across countries and
regions. Through the PLM (Product Lifecycle Management) system, rapid iteration of product parameters is achieved to ensure market
competitiveness.
Annual Quality Month activities organized by Zhongke Meiling Changhong Meiling Quality Salon – Quality Improvement Special
Sharing Session
Types of Risk and Impact Impact
Risk and Opportunity Description Mitigation Measures
Opportunity Severity Timeframe
The Company strengthens policy
Failure in government supervision
tracking and research, promptly Honors and Awards
Policy and and inspection may result in
High Short term obtains and analyzes latest regulatory
Regulatory Factors reputational damage and financial
requirements, and ensures product
losses at the corporate level.
compliance. Changhong Meiling was recognized by the China
Association for Quality Inspection as the "2025
The Company uses intelligent digital
National ‘Quality Month' Quality Integrity Initiative
technologies to realize automated
Insufficient quality inspection during Enterprise"
Medium to inspection of key production processes
Operational Risks production may lead to quality High
Long Term and has established a digital after-
incidents or customer complaints. Changhong Meiling was recognized by the China
sales platform to respond promptly to
customer quality concerns. Association for Quality Inspection as the "National
Product and Service Quality Integrity Commitment
The Company develops new high-
Government subsidies for trade- Enterprise"
Policy and efficiency, low-carbon, environmentally
in replacement of household Medium to
Regulatory High friendly products aligned with consumer ISO 9001 Quality Management System Certification
appliances encourage consumer Long Term
Opportunities preferences to capture policy incentives
demand.
and expand market share.
High-quality products and excellent Indicators and Targets Related to Product and Service Safety and Quality
The Company continuously provides
services are converted into long-term
Brand Value high-quality products and services
customer loyalty, enhancing brand Medium Long-term In 2025, the Company achieved: 100% product ex-factory qualification rate; CQC certification across the entire product portfolio;
Opportunity while strengthening brand promotion
value and increasing corporate full completion of product- and service-related target tasks; no major accidents involving product and service safety and quality
to improve brand influence.
returns. have occurred. There have been no administrative penalties, financial losses, or major reputational damage incidents.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Product Recall Management Responsible Marketing
The Company has established a product recall system and incorporated recall management into its major quality issue control framework. The Company strictly complies with legal requirements including the Advertising Law of the People's Republic of China and the Anti-
According to the internal Regulations on Quality Issue Handling, once a major quality incident occurs, the Company immediately initiates Unfair Competition Law of the People's Republic of China. It has formulated the Price Management Measures and established a Pricing
emergency response and recall procedures, formulates dedicated action plans, and rapidly implements corrective measures to protect Committee to conduct unified supervision and control over product pricing and channel pricing, preventing price disorder and unfair
consumer rights and interests. In 2025, product quality remained stable, and no product recall events occurred. competition. The Company has also established a strict review mechanism to ensure compliance examination of media publicity and
promotional information. Regular training and communication on responsible marketing are carried out, and the Company actively
Product Accessibility Enhancement
participates in special compliance training and self-inspection programs for emerging business formats organized by regulatory
authorities. In addition, the Company strictly implements a customer visit system, maintaining regular and effective communication
with distribution channels and end customers, to ensure that all marketing activities are conducted on the basis of truthfulness,
The Company accurately responds to consumers' growing demands for enhanced interaction experience and personalized
accuracy, and respect for consumers. The Company strictly prohibits dissemination of misleading information regarding competing
functionality by integrating accessibility requirements throughout the entire process of product planning, design, manufacturing,
products and avoids any exaggerated claims concerning environmental or social benefits.
and service. Continuous improvements include: optimization of product operation interfaces and functional settings; simplification
of control logic; enhancement of human–machine interaction interfaces; improved readability and comprehensibility of product
instructions. These measures lower usage barriers for users of different age groups and varying levels of product experience, improving
suitability for elderly users, first-time purchasers, and family users. Service Experience Enhancement
The Company has established a multi-dimensional and normalized customer satisfaction survey system covering end users,
Changhong Meiling Builds Smart Living Scenarios for Elderly- and Child-Friendly Use
distributors, and service providers. Through scientific data collection and analysis, the Company identifies service shortcomings
and potential customer needs, and continuously improves services based on real feedback, thereby enhancing overall customer
For Elderly Users For Maternal and Infant Users
satisfaction. In 2025, overall satisfaction of end users reached 97.95%; overall distributor satisfaction reached 98.06%; overall service
Based on intelligent products across refrigerators, air conditioners, The Company has developed a "Triple Assurance" service provider satisfaction reached 98.49%.
and washing machines, the Company designed a "three-capability suite for maternal and infants, encompassing "Worry-Free
integrated care service" featuring conversational interaction, Play, Effortless Control, and Safe & Restful Sleep." Parents
reminder functions, and emergency alarm functions. Elderly users can remotely monitor their children via mobile devices and Data Security and Customer Privacy Protection
can operate appliances through voice commands. Home appliance utilize cross-category smart controls—such as soothing a
systems can provide scheduled reminders for daily activities. In The Company strictly adheres to the information security management principles of "appropriate security, focused protection, integration of
crying child through connected appliances or operating the
emergency situations such as falls, users can simply say "help me technology and management, and zoning by area" and "prevention first, graded accountability," systematically planning . It has established
air conditioner via voice commands that require no vocal
call the police", enabling remote notification to family members the Information Security and Confidentiality Committee and the Information Security and Confidentiality Office, responsible for
response—to prevent startling sleeping infants and mitigate
and activation of monitoring functions, thereby providing formulating the overall information security policies and strategic planning. The Company strictly complies with the Cybersecurity Law
enhanced safety protection. safety risks from accidental contact.
of the People's Republic of China, the Data Security Law of the People's Republic of China, and other relevant laws and regulations,
and has developed information security management systems, including the Information Security and Confidentiality Management
Regulations, the Computer Equipment Management Regulations, and the Key Business Information Systems and Master Data
Building Service Excellence
Management Regulations. The Company has planned and constructed network security protection systems, including the industrial
internet security architecture, network and information security platforms, local cross-platform application-level disaster recovery
systems, and offsite disaster recovery systems for core data. Desktop terminal data security protection systems and cloud desktop
management controls have been deployed. Comprehensive technical measures, such as encryption, identity authentication, and
Changhong Meiling always adheres to a "user-centered" service philosophy and establishes a strategic orientation "focused on
access authorization, are applied to ensure the security and availability of classified information throughout its full lifecycle. Employee
customer experience." Through standardized, digitalized, and human-oriented services, the Company deeply integrates responsible
training and confidentiality management are reinforced through confidentiality agreements and cybersecurity responsibility
marketing, excellent customer experience, and data security governance, safeguarding consumer rights and continuously
agreements, enhancing employee security awareness and ensuring the safe and stable operation of information systems. In 2025, the
strengthening brand reputation.
Company proactively completed the classification and grading management of industrial internet enterprise cybersecurity as required
by the Ministry of Industry and Information Technology and passed the MLPS 2.0 (Multi-Level Protection Scheme 2.0) assessment,
Customer Service Management ensuring that the security management system meets the highest national standards.
The Company strictly complies with national laws and regulations such as the Law of the People's Republic of China on the Protection of The Company strictly observes the principles of "lawful, legitimate, and necessary" and "least privilege" in constructing a rigorous
Consumer Rights and Interests and the Product Quality Law of the People's Republic of China. It has revised and issued core institutional customer privacy protection management system in accordance with the Personal Information Protection Law of the People's Republic
policies including the Quality Management Measures for Refrigeration and Washing Services, and established a standardized documentation of China. The Company has improved its management mechanism by formulating systems including the Cybersecurity Management
system including the On-site Service Operation Standards and the Spare Parts Management Guidelines. Through Service Outsourcing Measures and the Notice on Regulating the Use of Confidentiality Markings for China Region Documents. It has incorporated
Agreements signed with service providers containing strict quality clauses, the Company ensures consistent internal and external service requirements for data security and privacy protection into the performance appraisal system of relevant positions, and regularly
standards. The Company has established specialized departments such as sales to be responsible for customer management. A nationwide conducts data privacy and security training. Multiple technical measures such as data encryption, access control and regular auditing
grid-based service network enables digital tracking and management of service nodes, standardizes service procedures, and facilitates full- have been adopted to implement full life-cycle data management in an all-round way, and the Company has conducted audit and
scenario customer access through internet platforms. management over the entire process of critical data protection, including prior, during and subsequent stages, so as to prevent data
abuse or exposure during authorized access to sensitive data. Strict non-disclosure agreements have been signed with third parties
The Company has established a full-process after-sales service management system, covering rapid response through closed-loop including suppliers and other business partners to ensure information security throughout its full life cycle. A three-tier emergency
improvement. Based on the Customer Complaint Management Measures, a unified complaint collection and hierarchical processing response mechanism for customer privacy incidents has been established, defining responsibilities and handling procedures at all
platform has been built, forming a standardized process of "response → assessment → resolution → improvement." The Company has also levels. In the event of any information leakage risk, emergency procedures are immediately activated and accountability is strictly
launched the ISRM intelligent customer service system, powered by large-model AI and a localized knowledge base, significantly improving enforced to ensure timely containment of any loss. In 2025, the Company strictly executed full-process controls, and no incidents of
service efficiency and customer experience. In 2025, the after-sales service complaint resolution rate reached 100%. customer privacy information leakage occurred throughout the year.
Driving Green and
Low-Carbon
Development
Protecting Our Ecosystem
Changhong Meiling remains committed to green development and actively
fulfills its corporate ecological responsibilities. The Company focuses on four
key areas: climate change response, environmental compliance management,
resource circularity, and green production operations. Through continuous
optimization of environmental practices across the entire operational chain,
Changhong Meiling promotes the harmonious coexistence of corporate
development and ecological protection. By taking practical actions, the
Company fulfills its sustainability mission and safeguards a healthy ecological
environment.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Detailed Climate Governance Responsibilities
Dual Carbon Formulates the Company's dual-carbon targets and implementation plans. Provides guidance
Management and resources to support the Working Group's progress. Supervises and evaluates the
Committee advancement of dual-carbon initiatives and makes decisions on critical matters.
Combat with Climate Change
Develops assessment plans for dual-carbon projects and establishes corresponding incentive
and penalty mechanisms. Coordinates carbon emission management across departments,
Dual Carbon
Working Group sets departmental reduction targets and plans, promotes the implementation of carbon
reduction projects and the adoption of carbon reduction technologies. Reports regularly to
Changhong Meiling attaches great importance to climate change response and has established a systematic, all-dimensional climate the Management Committee on project progress.
response framework. The Company coordinates the implementation of dual-carbon initiatives, continuously enhances climate risk
management and low-carbon development capabilities, and steadily advances its transition toward a green and low-carbon operating Oversees the full lifecycle management of dual-carbon projects, including planning, schedule
model. Dual Carbon control, and quality management. Organizes coordination among relevant departments.
Management Office Assists in supervising the progress of dual carbon work, evaluates project implementation
effectiveness, and reports regularly to the Management Committee.
Climate-Related Governance
Company Strictly implement assigned responsibilities and execute dual carbon projects at the
Changhong Meiling has established a climate governance structure centered on the Dual Carbon Management Committee. The Departments operational level.
Committee is chaired by the Company President, the Dual Carbon Working Group is responsible for project evaluation and incentive
mechanisms, and each Company department is responsible for the implementation of dual carbon projects. This ensures that carbon
reduction measures are embedded at all levels of operations and continuously enhances the Company's dual carbon governance
capacity.
Climate-Related Strategy
Dual Carbon Management Committee
Climate Scenario Analysis and Adaptation Assessment
The Company refers to the climate scenario models in the Intergovernmental Panel on Climate Change Sixth Assessment Report (AR6)
and, in combination with changes in the external ecological, economic, and social operating environment, selected the SSP5-8.5 and
Dual Carbon Working Group
SSP1-2.6 pathways to conduct climate scenario analysis. A standardized process has been established covering: determining the scope
of climate-related scenario analysis; selecting climate-related scenarios; identifying variables used in scenario analysis; determining
Dual Carbon Management Office
analytical methodologies; conducting climate-related scenario analysis. Through this process, the Company identifies potential
Company Departments Daily Management and Promotion business risks and opportunities, formulates climate response strategies, and ensures that operations remain aligned with the global
of Dual Carbon Projects climate transition.
Research on Low-Carbon Basic
Scenario Reference Temperature Range Description
Technologies
A fossil fuel-driven rapid development pathway
R&D Department
Production Department
Supply Chain
Marketing Department
Logistics and Transportation
relying on traditional energy expansion to
High-Emission IPCC Shared Socioeconomic >4° C above pre-
support high economic growth, with ineffective
Scenario Pathway SSP5-8.5 industrial levels
climate governance, resulting in a high-emission
scenario with significant warming.
A sustainable green development pathway,
achieving a low-carbon future by controlling
Low-Emission IPCC Shared Socioeconomic <2° C above pre-
temperature rise within 2° C through inclusive
Scenario Pathway SSP1-2.6 industrial levels
growth, clean energy transition, and global deep
cooperation.
Changhong Meiling Climate Governance Structure
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Address ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Climate-related Risks and Opportunities
Risk Type Risks Risk Description Financial Impact Impact Timeframe Impact Severity Mitigation Measures
Extreme weather events such as typhoons and heavy rainfall may Increased infrastructure repair costs; Plan production and transportation based on
Short to medium
Risk of rising extreme weather severity damage infrastructure at multiple production bases, causing production production downtime and logistics disruptions Medium weather early warnings, develop emergency
term
stoppages and logistics interruptions, affecting operational continuity. directly reduce revenue. response plans, and conduct drills.
Continuous global temperature rise may affect outdoor production Implement heat stress prevention and cooling
Increased energy consumption during
Risk of rising average temperature operations and increase the difficulty of adapting operations to Long-term Low measures, and avoid outdoor operations during
Physical risks production, raising overall operational costs.
environmental conditions. periods of extreme heat.
Promote water-saving measures, replace
High water-risk levels at key production bases; prolonged drought may Costs increase due to backup water source
equipment with water-efficient alternatives,
Persistent drought risk cause water shortages for production, directly affecting production construction and water-saving retrofits; Medium term Medium
and establish emergency water storage tanks to
stability. unstable production affects revenue.
secure water supply for production.
Monitor carbon-related regulations, expand
Overseas carbon tariffs and carbon footprint regulations may increase Increased compliance costs related to carbon Medium to Long
Policy and legal risks for overseas products Medium carbon footprint certification, and advance the
compliance difficulty for international operations. tariffs and carbon footprint. Term
development of high-energy-efficiency products.
Pose compliance challenges to the Company's existing product portfolio, Significant increases in high-efficiency Increase investment in high-energy-efficiency
Mandatory regulatory requirements for existing
compelling a comprehensive upgrade and transformation of both technology R&D and production line retrofit Medium term High technology R&D and production line upgrades,
products and services
products and production lines. costs. and apply for policy subsidies and tax incentives.
Conduct preliminary technology research to
Uncertainty in low-carbon technology transition; failed R&D or delayed Increased costs for R&D, decommissioning old Medium to Long
Low-carbon technology R&D risk High optimize R&D pathways and increase applications
implementation may cause loss of product competitiveness. equipment, and deploying new equipment. Term
for low-carbon technology patents.
Transfor- Adjust the product and service portfolio to align
mation risks Rising demand, if not met in a timely manner, may cause products to fall Mismatch with market demand may directly Medium to Long
Changes in consumer behavior High with customer preferences and meet demand for
out of market preference. impact revenue. Term
green consumption.
Higher procurement costs for low-carbon
Optimize the supply chain, enter into long-term
Requirements for low-carbon materials increase supply chain selection materials compared to conventional materials, Medium to Long
Risks associated with low-carbon raw materials Medium procurement agreements, and explore low-cost,
and adaptation difficulty. raising production costs and reducing profit Term
low-carbon alternative materials.
margins.
Establish stakeholder communication
Underperformance in addressing expectations may trigger negative Potential revenue decline, brand value loss, Short, Medium mechanisms, improve the quality of ESG
Reputational risks raised by stakeholders Medium
external evaluation, harming brand image. and higher financing costs. and Long Term disclosure, and strengthen green branding and
communication.
Impact Impact
Opportunity Type Opportunity Opportunity description Financial Impact Mitigation Measures
Timeframe Severity
Driven by global climate transition needs, the Company can
Increase investment in low-carbon
Technological develop key core low-carbon and environmentally friendly Enhance the premium pricing capacity of low carbon products,
Opportunities for breakthroughs in core low- Medium to Long technology R&D, establish dedicated
innovation technologies, such as heat pump technology, break through driving sales growth of high value-added products, and High
carbon home appliance technologies Term R&D teams, and strengthen patent
opportunities industry technical bottlenecks, and build differentiated competitive improving the Company's profitability.
deployment.
advantages.
In line with China's dual carbon policy orientation and global Optimize the green home appliance
Explore new business avenues such as
Market expansion Opportunities for scenario-based deployment climate governance trends, launch one-stop green home Medium to Long product portfolio, develop scenario-
government?enterprise procurement and overseas low Medium
opportunities of green home appliances appliance solutions for diverse scenarios, including household and Term based solutions, and strengthen the
carbon markets, fostering new revenue growth drivers.
commercial settings. promotion of the green brand.
Note: Short term refers to within one year (inclusive) after the end of the Company's sustainability reporting period; medium term refers to one to
five years (inclusive) after the end of the Company's sustainability reporting period; and long term refers to more than five years after the end of the
Company's sustainability reporting period.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Climate-Related Impact, Risk and Opportunity Management Target Information
Changhong Meiling has established a systematic and science-based process for managing climate-related impacts, risks and opportunities, together
with a decarbonization pathway, to ensure that the Company's strategic planning and production and operations are effectively aligned with climate Scope 1 and Scope 2
change, enabling it to respond proactively to challenges and capture development opportunities.
Mainly includes natural gas, purchased electricity, and purchased steam
Management Process Scope covered
Direct emissions from diesel, wastewater treatment, fire extinguishing agents, and air-conditioning
Review the Company's business activities, business linkages, and external development refrigerants are minor and not included in calculations
① Background analysis of
the subject matter environment to identify stakeholders affected by climate change and their relevant concerns.
For Scope 2 emissions, the market-based method is applied
Conduct analysis based on the dual climate scenarios of SSP5-8.5 and SSP1-2.6 to identify Includes refrigerator, freezer, washing machine produced at the Hefei base, as well as those from
② Identification of risks Applicable Entity Scope
climate-related impacts, risks and opportunities under different scenarios, and assess the gap Mianyang Meiling and Jiangxi Meiling.
and opportunities
between climate-related targets and the current state of operations. Target Type Quantitative target\Intensity target
Base Year 6.176 tCO2e per RMB million of output value
③ Risk assessment and Carry out a comprehensive assessment of identified climate-related risks and rank them by level
prioritization of impact. 5.106 tCO2e per RMB million of output value, representing a 17.32% reduction in greenhouse gas
Target Year
emissions per RMB million of output value
Relevant responsible departments carry out targeted risk management, formulate dedicated Reduction Target as % of Base
④ Formulation of response 100%
measures Year (%)
response plans, and submit them to the dual carbon management committee for review.
Reduction Target as % of
Current Year (%)
⑤ Dynamic monitoring The dual carbon management committee regularly monitors the performance of key risk indicators
and management and reports major climate-related risk matters to the Board of Directors on an annual basis. GHG emissions per million yuan of output value stood at 5.106 tCO2e, representing a year-on-year
Current Period Emissions
decrease of 17.32%
⑥ Information disclosure Regularly disclose externally the identification of climate-related risks and opportunities and the
and reporting implementation of full-process management.
Target Method
Decarbonization Pathway
Not yet verified by an independent third party. The Company
Independent Third-Party Verification intends to consider verification through Science Based Targets
① Product ② Production and ③ Carbon management initiative (SBTi) or other third-party organizations.
④ Green energy ⑤ Supply chain system
technology manufacturing and control system
Continue to advance Implement energy-saving Build an enterprise- Steadily advance the Work with upstream and
R&D and innovation retrofits of production level intelligent carbon scaled application downstream supply chain Refer to climate-related impacts, risks and opportunities
in energy-saving equipment to reduce emissions management of purchased green partners to carry out How the Target Is Achieved
management/carbon reduction pathway.
technologies, consumption and improve platform and implement electricity, deploy joint R&D on low-carbon
promote the iterative efficiency, deepen the lean a product lifecycle carbon photovoltaic power materials and low-carbon
development of low- production model to enhance footprint accounting generation systems to technologies, promote
carbon materials, end-to-end operational platform to enable carbon achieve self-supply of the implementation and
and comprehensively efficiency, and establish and data to be monitored, green electricity, and application of low-carbon For intensity targets, provide a description of
Per RMB million of output value
expand the use of improve a refined energy measured and managed. increase the proportion technological achievements, the method used to calculate carbon intensity
low-carbon and management system covering of green energy in and build a low-carbon
environmentally all stages of production. production. development ecosystem
friendly packaging. across the supply chain.
For Scope 3 targets, provide a description of
the method used to calculate Scope 3 emissions No Scope 3 emission targets have been established to
Climate-Related Indicators and Targets covered by the target date
Changhong Meiling has set carbon emission targets to achieve carbon peak for its own operations by 2030 and carbon neutrality for its own
operations by 2060. To ensure the achievement of these long-term goals, the Company has also established detailed annual interim emission
targets, regularly reviews and tracks progress on climate goals, reduces carbon emission intensity year by year, and steadily advances emission
reduction plans through measures such as energy-saving equipment retrofits, optimized production processes, development of low-carbon
products, promotion of clean energy, and participation in green electricity trading.
In 2025, the Company implemented decarbonization measures across multiple dimensions. From product design to supply chain, from
production lines to office operations, energy-saving and carbon-reduction projects were comprehensively deployed. Particularly in equipment
upgrades, the Company achieved notable results: the successful deployment of new energy-efficient equipment, including air-source
temperature control machines, variable-frequency screw pumps, and variable-frequency motors, significantly reduced energy consumption
during production and achieved dual breakthroughs in energy saving and carbon reduction. These solid practices not only optimized resource
utilization efficiency through technological innovation but also further strengthened the Company's foundation for green development,
effectively advancing its transition toward a green and low-carbon operating model.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Annual Greenhouse Gas Emissions
Environmental Compliance Management
+27.43% -13.63% -13.17% Guided by green development, Changhong Meiling adheres to environmental compliance standards, establishing a systematic, full-
process environmental compliance management system. The Company strengthens risk prevention and pollution control capabilities,
Environment Management System
Upholding the principles of green development, Changhong Meiling strictly complies with the Environmental Protection Law of the
People's Republic of China, the Cleaner Production Promotion Law of the People's Republic of China, and other relevant laws and
regulations. The Company has established a three-tier environmental management
system, with the Board of Directors as the decision-making tier, the Environmental
Department and environmental officers in each production unit as the execution tier.
Direct GHG emissions (Scope 1) Indirect GHG emissions (Scope 2) Total carbon emissions The Company has also developed management systems, including the Environmental
tCO2e tCO2e tCO2e Management Manual, Environmental Compliance Evaluation Control Procedure, and
Internal Environmental Reporting and Disclosure System, continuously enhancing
environmental management and ensuring that institutional frameworks and operational
-17.32% guidance cover all aspects of operations. In 2025, the Company's total environmental
Note 1: Data cover Changhong Meiling headquarters, Mianyang Meiling, and Jiangxi Meiling.
protection investment amounted to RMB 10.3209 million. The Company and its seven
Note 2: The year-on-year increase in direct GHG emissions (Scope 1) is due to approximately manufacturing subsidiaries have all obtained ISO 14001 Environmental Management
recycling, resulting in higher natural gas consumption. environmental crimes (criminally punishable) occurred during the reporting period. Environmental Management System
Certification
Note 3: Greenhouse gases primarily include Scope 1 and Scope 2 emissions, i.e., natural
gas, purchased electricity, and purchased steam. (Direct emissions from diesel, wastewater
treatment, fire extinguishing agents, and air-conditioning refrigerants are minor and not
included in calculations.)
Environmental Risk Assessment and Response
Changhong Meiling strictly complies with the Emergency Response Law of the People's Republic of China and the National Emergency
Note 4: In 2025, Hefei facilities procured 41 million kWh of green electricity, accounting for
approximately 36.80% of total electricity consumption in Hefei base.
supporting mechanisms" approach. According to internal environmental incident classification standards, the Company has set up an
Total Carbon emissions per RMB million Note 5: The 2025 emission factors adopted are 0.5568 kgCO 2 e/kWh for electricity, 110 Emergency Command Headquarters for Environmental Emergencies led by the Company President. Specialized emergency teams are
of output value kgCO2e/GT for steam, and 1.8222 kgCO2e/m? for natural gas. deployed for on-site response, emergency monitoring, logistics support, and information dissemination. The Company has prepared
tCO2e/RMB million output value comprehensive plans, including the Comprehensive Emergency Response Plan for Environmental Emergencies, and established
preventive measures covering hazard identification and inspection, emergency facility readiness, and emergency drills, ensuring timely
and effective response throughout the entire process.
Environmental Risk Assessment Management Process
Risk and Risk Risk and
Opportunity Assessment Opportunity
Identific and Control Identific
-ation -ation
Environmental risks and A quantitative “Environmental Risk The “Resilient Supply Chain" Green
opportunities are systematically Map" is used to assess risks from three Pa r t n e r P ro g ra m i s i m p l e m e n te d ,
identified through multiple dimensions: probability, impact, and incorporating environmental compliance
channels, including regulatory control effectiveness. High-risk points, and carbon footprint performance into
scanning, lifecycle assessment, such as chemical storage facilities, are supplier admission and rating criteria.
on-site inspections, supply subject to enhanced controls including The program coordinates with upstream
chain audits, and stakeholder dual-lock and dual-person protocols, partners to address environmental risks
interviews. real-time monitoring, and regular and identify opportunities for green
emergency drills. innovation.
Green Electricity Certificate Transaction Vouchers
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Environmental Protection Training Types of Risk and
Opportunity
Risk and Opportunity Description
Impact
Severity
Impact
Timeframe
Mitigation Measures
Changhong Meiling conducts tiered environmental protection training. Environmental management personnel receive in-depth
interpretations of the latest environmental laws and regulations, while frontline employees participate in practical training on the Excessive noise emissions from
Short to Install sound insulation on production
Noise Control production equipment may lead to
“Position-Specific Environmental Protection Code." The Company also organizes environmental awareness activities, such as High medium equipment, workshop doors and windows,
Risks complaints from surrounding residents
term and other high-noise sources.
“World Environment Day (June 5)" and “Open Day events," inviting employees' family members to visit factory environmental and environmental regulatory penalties.
facilities, create environmental-themed artwork, and participate in the “Green Ideas" initiative to collect employee suggestions,
thereby enhancing environmental awareness. In 2025, Changhong Meiling conducted tiered training: management personnel Implementing high-standard pollution
Strictly implementing pollution prevention and
Opportunities prevention measures enhances the
received in-depth briefings on the latest regulations, and frontline employees participated in practical training on the “Position- Medium to control policies, completing environmental
in Pollution Company's green development image, Medium
Long Term facility upgrades, and establishing an industry
Specific Environmental Protection Code." More than 3,000 people participated in training sessions throughout the year. Through Prevention helps secure policy incentives, and
benchmark for environmental protection.
improves market recognition.
their involvement in training, employees not only contributed ideas for waste reduction, classification, and other green initiatives
but also achieved an 85% participation rate in 2025, significantly boosting environmental awareness across the workforce.
Impacts, Risks, and Opportunity Management Related to Pollution Prevention and Control
Strengthening Pollution Prevention and Control The Company defines environmental risk levels and corresponding management processes, accurately identifying potential environmental
risks and opportunities. Additionally, scenario analysis is applied to evaluate the uncertainty of environmental pollution risks, assisting the
Governance Related to Pollution Prevention and Control Company in responding to potential future environmental changes and enhancing overall risk management capability.
The Company has established an Environmental Management Committee, chaired by the President, with the responsible Vice
Optimized Management Process
Presidents and relevant department heads as members. A dedicated Environmental Protection Officeis established under the
Committee, with comprehensive authority to oversee, guide, and evaluate all daily environmental protection activities, as well as the The Company conducts full-process identification, assessment, prioritization, monitoring, and management of pollutant emissions impacts,
management of pollution emissions including wastewater, waste gas, solid waste, noise and other pollutants. The Company strictly risks, and opportunities. Each year, multiple methods are used to systematically identify emissions of wastewater, exhaust gas, solid waste
complies with the Environmental Protection Law of the People's Republic of China, the Air Pollution Prevention and Control Law of (including hazardous waste), and noise across all operational stages. Potential environmental risks and green development opportunities are
the People's Republic of China, the Water Pollution Prevention and Control Law of the People's Republic of China, and other relevant simultaneously evaluated. A combination of quantitative and qualitative analyses is used for multi-dimensional prioritization, with the graded
environmental laws, regulations, and rules. Core pollution prevention systems, including the Environmental Protection Management control list dynamically updated. For key emission sources and risk points, continuous monitoring mechanisms are established to enforce
System and Pollutant Emission Control Procedure, have been established to create a standardized environmental management environmental management requirements and ensure effective system operation.
framework. A three-tier reporting system (“Workshop–Department–Company") is implemented, requiring any abnormal
environmental data to be reported directly to the Environmental Management Committee within one hour. Environmental protection
indicators are incorporated into the quarterly safety and environmental performance assessments. Environmental Risk Grading and Flowchart Illustration
Enterprise Basic Situation Survey and Analysis
Strategy Related to Pollution Prevention and Control
Q<1
The Company prepared Risk Assessment Reports for Environmental Emergencies and applies process analysis, statistical methods, Calculate the ratio (Q) of the quantity of air (or water) risk
and surveys to monitor and analyze environmental pollution factors, providing a solid scientific basis for the Company's green and substances to their critical threshold
sustainable development strategies. Q≥1
Types of Risk and Impact Impact
Risk and Opportunity Description Mitigation Measures Production process and Ratio of air (or water) Sensitivity of receptors
Opportunity Severity Timeframe
level of risk control for risk substance quantity to atmospheric (or
Conduct regular wastewater cleaning, clearly define atmospheric (or Water) to its critical threshold water) environmental
Failure to regularly clean wastewater
procedures for handling anomalies at wastewater
Wastewater systems, improper facility operation, environment (M) (Q) risk (E)
Medium treatment plants, establish chemical dosing records
Management incorrect chemical dosing, or untimely High
term and verification systems, and implement timely
Risks water quality monitoring may result in
water quality monitoring and comparative checks
non-compliant wastewater discharge.
according to schedule and regulatory requirements.
Non-compliance in kitchen exhaust
treatment, facility malfunctions or Perform routine maintenance of air treatment Risk level for sudden atmospheric (or water) environmental incident
Exhaust Gas
insufficient maintenance, and improperly facilities, conduct exhaust system inspections,
Management High Short term
sealed waste paint or adhesive and implement source-level emission reduction
Risks
containers may cause exhaust gas to and control measures.
exceed standards.
Store general solid waste outdoors in enclosed Enterprise's risk level for sudden environmental incidents
Improper storage or disposal, insufficient areas as required, provide employee training on
staff training, or use of unqualified waste management, engage certified disposal
hazardous waste disposal contractors may contractors, and implement waste reduction and
Solid Waste Short to
cause pollution incidents. control plans.
Management High medium
Risks term
Chemical containers may be returned to The production department shall centrally collect General Significant Major
suppliers for recycling, thereby reducing the recyclable materials (chemical containers), and the
Environmental Risk Environmental Risk Environmental Risk
volume of hazardous waste disposal. procurement department shall arrange for their
periodic return to suppliers for recycling.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Waste Water Management Types of Waste Main Waste Items Treatments / Disposal Methods
The Company's wastewater mainly includes production and domestic wastewater and adopts a rain-sewage separation system.
After treatment, key parameters—suspended solids, chemical oxygen demand (COD), ammonia nitrogen, petroleum substances,
biochemical oxygen demand (BOD), and pH—meet discharge standards. The Company has upgraded certain aged pipelines within
General Waste Waste cardboard, scrap copper,
the industrial park to enhance network reliability and optimized the operation of the comprehensive wastewater treatment station to Sorted and delivered to qualified recycling vendors
(Recyclable) scrap metal
continuously improve wastewater treatment efficiency.
Exhaust Gas Management
The Company's exhaust gas primarily originate from organized and unorganized volatile organic compounds (VOCs) in production
processes, boiler combustion exhaust, and crushed particulate matter, among other sources. During the reporting period, the General Waste Sent to qualified vendors for incineration; hazardous
Domestic waste, protective
Company established its own monitoring plan, defining monitoring requirements and commissioning qualified external agencies (Non-Recycl components are decomposed into harmless
equipment
to test organized emissions. All monitored air pollutants met regulatory emission standards. Additionally, the Company upgraded -able) substances
organic exhaust treatment facilities for washing machines, optimized treatment processes to improve removal efficiency, strengthened
unorganized emissions control, including implementing air recovery and treatment in relevant areas. Some forklifts meeting China
National Stage II standards were retired, and fuel-powered forklifts were replaced with electric forklifts, enhancing end-of-pipe exhaust
control and reducing tailpipe pollution. Specialized training on exhaust gas management was conducted for personnel, covering Spent activated carbon, used
equipment operation, maintenance, safety, and environmental regulations to enhance professional capabilities. oily rags, waste mineral oil,
Hazardous Sent to qualified disposal vendors for landfill or
empty paint cans, waste filter incineration
Waste
Noise Control cotton, used black material
barrels, etc.
The Company prioritizes noise management and implements multiple measures to reduce noise pollution. Noise-reducing enclosures
are installed on major noise-generating equipment such as air compressors, fans, and pumps. Noise-reduction green belts are planted
along factory walls and around sensitive areas. In addition, the Company adjusts the timing of certain high-noise operations and
strengthens transport vehicle noise management. During the reporting period, factory boundary noise (day/night) complied with the Indicators and Targets Related to Pollution Prevention and Control
Emission Standard for Industrial Enterprises' Environmental Noise at the Boundary.
In 2025, Changhong Meiling fully achieved the government-mandated annual total pollutant control targets for COD, ammonia
Waste Management nitrogen, and VOCs. Emission concentrations from all pollution sources remained consistently better than national and local discharge
standards. Factory boundary noise compliance rates reached 100%, and monitored noise levels at sensitive points met functional
The Company strictly complies with the Law of the People's Republic of China on the Prevention and Control of Environmental
area requirements. The lawful disposal rate of hazardous waste and general industrial solid waste reached 100%, successfully fulfilling
Pollution by Solid Waste and the National Catalogue of Hazardous Wastes, implementing classification and management of general
the annual compliance target for solid waste management. No major environmental pollution incidents, mass incidents related to
and hazardous waste generated during operations. Dedicated storage areas are designated for solid waste, with clear labeling in
environmental issues, environmental penalties, complaints, or illegal dumping events occurred throughout the year.
place. Regular reporting, ledger maintenance, and standardized transfer procedures are conducted in accordance with regulatory
requirements. New sludge drying machines have been installed to reduce sludge generation. Hazardous waste management follows From 2026 to 2028,the Company plans to benchmark against stricter international and domestic standards or state-of-the-art
internal regulations, including the Solid Waste Classification and Disposal Management Regulations and Hazardous Waste Emergency feasible technologies. Specific measures include consolidating multiple exhaust stacks in certain areas and adopting zeolite rotary
Response Plan, through which the Company develops specialized plans, maintains management ledgers, and implements clear wheel technology to further improve exhaust gas purification. Promoting sludge drying technology will serve as a key focus, with a
temporary storage signage. Digital tools are utilized to enable real-time, full-process monitoring. Emergency disposal procedures are gradual reduction in sludge generation as the core measure to achieve the "zero landfill" waste management goal and reduce waste
formulated to prevent leakage risks. Additionally, the Company cooperates with third-party institutions that hold appropriate disposal generation.
qualifications, which perform periodic on-site collection and standardized disposal.
Resource Recycling
Upholding the concept of circular development, Changhong Meiling continues to focus on efficient resource utilization and circular value
creation. The Company integrates green and low-carbon principles throughout resource management processes, practicing energy saving,
emission reduction, and symbiotic circularity. This demonstrates its commitment and responsibility toward sustainable development.
Strengthening Energy Utilization
Governance Related to Energy Utilization
The Company has established an Energy Management Leading Group, under which the Office for Energy Saving and Emission
Reduction operates. Key personnel from each department and workshop participate to ensure multi-level control. Energy-related
laws, industry standards, and local regulations are regularly collected and updated. The Energy Management Regulations are compiled
and revised as needed. Annual energy compliance evaluations and performance assessments are conducted, with clear focus on
The Company has installed new adhesive-dispensing machine A newly purchased sludge drying machine has been deployed to
controlling major energy-consuming equipment, improving energy data collection and analysis, and implementing energy-saving
environmental protection facilities, upgrading from uncontrolled gas reduce sludge volume
process upgrades. In 2025, the Company obtained Energy Management System certification.
emissions to collected and treated emissions
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Strategies Related to Energy Utilization Use Clean Energy
The Company continuously optimizes its energy structure and actively introduces renewable energy. The types of clean energy utilized
The Company follows the energy management philosophy of “empowerment, stimulating internal potential, maximizing efficiency, mainly include rooftop photovoltaic systems and purchased green electricity. Distributed rooftop photovoltaic power stations were
and continuous cost reduction." Comprehensive and feasible energy management plans and implementation measures are installed on the roofs of multiple buildings in office and residential areas, adopting a “self-consumption with surplus electricity fed
developed. Each business unit is encouraged to fully leverage policy-based incentives and reform benefits, exploring energy-saving into the grid" approach. At the same time, green electricity is procured on a large scale, with a significant proportion of total electricity
potential through management optimization, process improvements, and technological upgrades to continuously improve energy consumption supplied by green energy, advancing practical green and low-carbon development. In 2025, the distributed rooftop
efficiency.
PV systems at Changhong Meiling generated 680,000 kWh, effectively supplementing the industrial park's electricity demand. The
company purchased a total of 47,970,200 kWh of green electricity.
Types of Risk and Impact Impact
Risk and Opportunity Description Mitigation Measures
Opportunity Severity Timeframe Note 1: Annual generation data for the distributed rooftop PV systems are calculated for Changhong Meiling headquarters.
Tighter energy and carbon emission The Company mitigates these risks Note 2: The statistical scope of the total green electricity purchased covers Changhong Meiling, Hefei Industrial, Hongmei Intelligent, Jiangxi Meiling,
Policy and policies may result in compliance risks, Medium to by strengthening research on energy Mianyang Meiling, Changmei Living Appliances, Ridian Technology, Zhongke Meiling, Zhongshan Changhong and Changhong Air Conditioner.
Medium
Regulatory Risk production restrictions, and increased Long Term management policies and optimizing its
costs. energy mix in advance.
Energy-Saving Retrofit
Low energy management efficiency, Regularly maintain and upgrade
aging equipment, and energy price Medium to equipment and introduce intelligent Changhong Meiling conducts in-depth analyses of energy consumption characteristics across the entire production and manufacturing
Operational Risks High
volatility may increase operational Long Term energy management systems to reduce process. Energy-saving retrofits are implemented through optimization of production processes and improvements in equipment
costs. energy consumption. operating efficiency, effectively reducing energy consumption during production.
Government-issued energy-saving Monitor government energy-related
Policy and
Regulatory
subsidies, tax incentives, and green
High
Medium to tax reduction and subsidy policies, and Zhongshan Changhong Energy-Saving Technical Retrofit Performance
finance support policies facilitate the Long Term leverage green financial instruments to
Opportunities
Company's low-carbon transition. lower financing costs.
Department Category Reduction Ratio of Standard Unit Consumption in Jan–Feb 2026 Compared to Jan–Feb 2025
Optimize the energy structure and
Opportunities reduce costs through externally All costs for externally supplied energy Two Key Energy- Electricity 4.34%
Medium to
from Externally purchased centralized energy, and High must be fully accounted for to ensure a Consuming
Long Term Natural gas 15.67%
Supplied Energy expand revenue opportunities by balanced energy consumption budget. Equipment Types
leveraging externally supplied energy.
Electricity 7.18%
The transition to green energy can The Company strengthens green Pray Coating
Brand Value enhance the Company's social image, branding, regularly discloses Natural gas 0.40%
Medium Long-term
Opportunity strengthen investor confidence, and sustainability reports, and enhances
support sustainable development. corporate reputation.
Impact, Risk, and Opportunity Management Related to Energy Utilization
Changhong Meiling attaches great importance to managing energy-related impacts, risks, and opportunities. The Company conducts
detailed analyses of specific energy-consuming processes, operations, and equipment to identify risks and potential energy-saving
opportunities. Key energy-intensive equipment and their energy efficiency factors are reviewed. Opportunities for energy performance
improvement are determined based on technical feasibility, economic feasibility, and potential adverse impacts (safety, quality,
environment). Corresponding control measures and targets are developed, with continuous monitoring of implementation and
effectiveness.
Energy Performance Improvement
The Company systematically identifies and manages risks and opportunities in the field of energy management. Specific energy-
consuming processes and equipment are analyzed to identify risks and energy-saving opportunities. Key energy-intensive equipment
and energy efficiency factors are reviewed. Multidimensional analyses are used to determine performance improvement opportunities,
control measures and targets are established, and implementation results are tracked to optimize energy management.
Energy Usage Monitoring
The Company's production and operations primarily consume purchased electricity, gasoline, diesel, natural gas, steam, and The Company has obtained ISO 50001:2018 Energy The Company's manufacturing plants commissioned air-source mold
renewable energy. During the reporting period, the Company monitored similar energy-consuming equipment, calculated Management System certification temperature units to replace traditional models, achieving electricity savings
relevant parameters, and plotted energy consumption curves. Through benchmarking analysis, efficiency gaps were identified and
corresponding improvement measures determined.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Changhong Meiling Energy-Saving Technical Retrofit Projects Indicators and Targets Related to Energy Utilization
In 2025, the Company saved RMB 3.129 million in energy costs, achieving its energy management-related performance targets.
Goal Reporting period Progress During the Reporting Period
In 2025, the energy cost per unit decreased by 10%
Short term Achieved
compared with the previous year.
In 2025, the total energy cost decreased by 10% compared
Short term Achieved
with the previous year.
Acquisition of variable frequency air Injection molding machine energy-saving Adoption of enhanced vacuum
compressors, resulting in significant project: the original ceramic heating insulation and black ceramic Note 1: The above energy management improvement targets primarily apply to the production and manufacturing systems, Quality Assurance
energy savings and effective reduction method was replaced with infrared heaters with plate -penetrating Department, and Administration Department.
of energy waste. heating, saving approximately 40% of the light waves, effectively reducing
heating energy, with a monthly energy cost energy consumption and improving From 2025 to 2027, the Company's energy management plan aims to achieve cumulative energy cost savings of RMB 9 million. To
reduction of RMB 77,455 year-on-year. equipment operating efficiency.
ensure the realization of this target, the Company plans to develop annual energy management plans, establish a comprehensive
energy management platform, regularly monitor the progress of energy-saving targets, carry out energy-saving promotion activities,
and enhance energy-saving awareness across all employees.
Zhongshan Changhong Energy-Saving Technical Retrofit Projects
Utilization of Water Resources Definition
Changhong Meiling places great emphasis on water resources management.
The Company strengthens efficient water use through regular inspection and
maintenance of water facilities, comprehensive deployment of water-saving
“High water-risk level" generally
equipment, posting of water conservation signage, and targeted inspections of
pipelines to detect “leaks, overflows, and drips". The Company also applies the refers to a relatively high level of
World Resources Institute's water risk assessment tools to model water-related risks, risk identified in flood and drought
identifying regions such as Hefei, Mianyang, and Jingdezhen as areas classified with disaster prevention or water-related
a high water-risk level. In response, the Company implements targeted measures, hazard assessments, arising from
including the construction of emergency water storage tanks and enhanced water threats such as rainfall, river overflow,
conservation awareness campaigns, effectively mitigating water resource pressure dam failure, or flash floods.
and continuously improving water management capabilities.
Developing a Circular Economy
Helium Inspection Line 1 (internal) Helium Inspection Line 2 (external) Changhong Meiling actively responds to the national circular economy development plan, strictly complies with relevant circular
economy laws and regulations, and establishes key objectives including energy saving and emission reduction, as well as increasing
the proportion of recyclable and renewable materials in products. The Company prioritizes the use of environmentally friendly
recycled materials and promotes lightweight product packaging;
optimizes stamping molds to improve sheet metal utilization;
and crushes waste cabinet plastics for reuse in sheet production,
advancing waste reduction and resource recovery. The Company
also actively participates in the national “trade-in" program for
household appliances, recycling used appliances to practice the
circular economy and accelerate the development of a green
circular industry. In 2025, through circular packaging and source
reduction, Changhong Meiling achieved packaging material
procurement cost savings of approximately RMB 0.5 million.
Recycling and selling scrap metal, plastic, and cardboard generated
resource recovery revenue of approximately RMB 9.8 million.
Replacement of the old D7 steam line with the new D5 Replacement of the old D7 steam line with the new D7 Changhong Air Conditioner participated in the “Trade-In for New
steam line on Line 6 steam line on Line 8 Appliances" initiative
Packaging material procurement savings and resource recovery revenue are reported on the basis of Changhong Meiling headquarters.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Case Changhong Meiling's Ongoing Promotion of Packaging Material长虹空调参与
Circularity" 以旧换新 " 活动 Green Production and Operations
In 2025, the Company adhered to standardized container use, aiming to reduce employee handling time and minimize Changhong Meiling remains committed to green development, integrating environmental protection principles throughout its entire
natural resource consumption. By encouraging suppliers to replace cardboard boxes with Euro-standard containers or production and operational chain. The Company actively advances green practices, fulfills its ecological responsibilities, and promotes
returnable carts for all materials, the Company gradually achieved a cardboard-free manufacturing process, realizing a fully sustainable development.
recyclable packaging system.
During the reporting period, Changhong Air Conditioner's suppliers switched to green packaging and implemented packaging
Advancing Green Products
recycling, covering 800,000 compressor units and 450,000 motor units, cumulatively reducing waste by approximately 390 Changhong Meiling follows industry trends of green, high-efficiency, and energy-saving products, placing sustainable development
tons, significantly decreasing the generation of solid packaging waste. as a core guiding principle. Adopting a prevention-first approach, the Company integrates environmental protection concepts across
the full product lifecycle—including raw material procurement, product design, manufacturing, packaging and logistics, and product
recycling—continuously advancing the green upgrading of its products.
Raw Material Procurement Green Design
Priority is given to recyclable and renewable Continuously de velop high-efficienc y, low-energ y-
raw materials, all of which comply with consumption products to improve energy efficiency ratios.
WEEE, RoHS, and other relevant regulatory Promote standardization of core components, simplifying the
certifications. variety and quantity of parts.
Bio-based materials are applied at scale, Complete the environmental upgrade of air-conditioning
incorporating degradable and environmentally refrigerants, replacing the ozone-depleting R22 with
friendly components such as straw and environmentally friendly R290 propane, thereby reducing
bamboo/wood powder, effectively reducing greenhouse gas emissions at the source and supporting
plastic consumption. both ozone layer protection and carbon reduction targets,
Previously used non-reusable packaging Currently used reusable packaging demonstrating responsibility in green manufacturing.
Product Manufacturing Product Packaging
Advance the upgrading and retrofitting of Develop and promote low-carbon, environmentally friendly
production line equipment, eliminate high- packaging materials to gradually replace non-recyclable
energ y-consuming and non-compliant packaging;
devices, and implement technological
upgrades on outdated equipment. Reduce Optimize user manuals by providing simplified paper
the consumption of scarce resources such as instructions alongside electronic guides to reduce paper
copper, aluminum, and tin, while improving usage;
the level of clean production.
Supplier's previously used non-reusable packaging Fully implement green packaging concepts, moving toward
Supplier's currently used reusable packaging
Optimize production processes and develop cardboard-free packaging with Euro-standard containers,
new surface decoration technologies to achieving a material switching rate of 76% in 2025.
replace traditional spraying, improving
material recyclability.
Product Recycling Production Line Upgrades
Incorporate principles of disassembly, In the freezer production park, air-source mold temperature
repairability, and reusability at the design units replaced traditional temperature control units,
sta ge to e n h a n ce s e co n d a r y p r o d u c t achieving a 20% reduction in electricity consumption.
utilization.
In the refrigerator production park, remote-controlled
Standardize material labeling to reduce automatic valves were used to precisely control steam usage
complexity in recycling at the product end- time, resulting in a 19.4% year-on-year reduction in steam
of-life stage. consumption in 2025.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Establishing Green
Factories Honors and Awards Owing to its outstanding contributions
in green technology R&D, intelligent
Changhong Meiling strictly adheres to national m a n u fa ct u r i n g , a n d s u sta i n a b l e
green factor y evaluation standards and development, Changhong Air
construction requirements, systematically Conditioner was awarded the “Green
advancing the creation of green factories Pioneer Enterprise" title at the “Green
across all subsidiaries. In 2018, the Company Certification Driving High-Quality
was successfully approved as a“National-Level Enterprise Development Conference,"
Green Factory," establishing a fully integrated hosted by the Zhonghuan United
green framework to strengthen the foundation Certification Center.
Changhong Meiling applied Euro-standard container packaging throughout its operations, fully implementing green packaging practices. for sustainable development. In 2025, the
Green Manufacturing Grading Cultivation List
recognized Changhong Air Conditioner as a
“Provincial-Level Green Factory."
Changhong Living & Dining Room Pro Shared Air Conditioner
Case
Receives Energy-Saving, Carbon-Reduction, and Environmental Promoting Green Office Practices
Product Certification
Changhong Meiling actively incorporates environmental protection
In May 2025, the Changhong Living & Dining Room Pro Shared Air Conditioner concepts into daily operations, focusing on energy and resource
was recognized for its excellent energy-saving performance and low-carbon management in office and residential areas. The Company has
established a systematic energ y management mechanism,
environmental features, successfully
developed annual energy management plans, formed dedicated
being listed in the“2024 Energy-Saving,
task forces, appointed part-time energy managers with clearly
Carbon-Reduction, and Environmental
defined responsibilities. Through precise electricity-saving
Te c h n o l o g y P r o d u c t C a t a l o g "
measures, comprehensive water conservation initiatives, promotion
published at the Chinese Association
of low-carbon office operations, and resource efficiency practices,
of Refrigeration Member Conference. The Company has conducted environmental awareness campaigns
the Company advocates waste sorting and aims to create a green
The air conditioner employs refrigerant themed “Lucid Waters and Lush Mountains are Invaluable Assets"
and low-carbon office and living environment.
flow adaptive adjustment technology
to optimize energy use. Its APF value
reaches 5.20, representing a 23.81%
improvement over the Level 1 energy
efficiency standard of 4.2, positioning
Split-type air conditioners and cabinet units produced it as an industry-leading cabinet air Certificate of "2024 China Association
by Changhong Air Conditioner have obtained China conditioner. of Refrigeration Energy-Saving, Carbon
Green Building Product certification Reduction and Environmental Protection
Products"
Changhong Air Conditioner implemented integrated structural optimization in the packaging system of its split-type
cabinet products. By applying structural simulation analysis and topology optimization technologies, the original
packaging cushioning system was systematically redesigned, promoting lightweight, reduced, and recyclable packaging
materials.
The Company carries out campaigns promoting the conservation of Waste sorting bins have been provided in office and residential
paper, water, and electricity areas to facilitate proper disposal
Protecting Biodiversity
Changhong Meiling and its subsidiaries actively respond to international initiatives, including the United Nations Convention on
Biological Diversity and the 2030 Agenda for Sustainable Development. The Company strictly complies with domestic regulations,
specifically the China National Biodiversity Conservation Strategy and Action Plan (2023–2030). It conducts in-depth assessments of
the potential impacts of its business activities on biodiversity and the ecological environment, and further clarifies environmental
protection responsibilities, pollution prevention and control measures, and the identification and remediation of environmental
Original Packaging of Split-type Cabinet Units Improved Packaging of Split-type Cabinet Units hazards across the full lifecycle—from product design and development, procurement of raw and auxiliary materials, and production
processes, to product sales.
Embracing
Responsibility
Connecting Better
Lives
Changhong Meiling has established a standardized, transparent, and securely
controlled sustainable supply chain system, fosters a people-centered
workplace environment, and actively fulfills its social responsibilities. Through
comprehensive responsible practices, the Company is committed to promoting
harmonious coexistence among the enterprise, its partners, employees, and
society.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Building a Responsible Value Chain
Governance Related to Supply Chain Management
The Company has developed a tiered, cross-functional matrix organizational structure and has established a dedicated procurement
department responsible for supply chain management, clearly defining the scope of responsibilities for each level and team. This
structure covers the entire process of supplier development, procurement execution, contract fulfillment, and ESG management.
Changhong Meiling strictly complies with the Regulations on Ensuring Payment of Funds to Small and Medium Enterprises and the
Anti-Unfair Competition Law of the People's Republic of China, among other relevant laws. Core systems, including the Supplier
Management Basic System and Supplier Risk Management Standard, are in place. A dual audit mechanism for supplier qualifications
and capabilities ensures attention to product quality and delivery capacity. Through systematic supplier onboarding, evaluation, Management of Impacts, Risks, and Opportunity Related to Supply Chain Management
empowerment, and performance assessment, ESG requirements are deeply integrated into supplier management, promoting
sustainable collaboration along the industrial chain. The Company has established a systematic mechanism for supply chain risk identification, risk assessment, and risk response. Clear
evaluation and assessment standards are defined for supplier selection, auditing, appraisal, and performance evaluation processes.
Strategy Related to Supply Chain Management Suppliers in the database are managed through tiered and differentiated approaches, ensuring the continuous stability of the supply
chain.
The Company adheres to the principle of "full-chain collaboration, end-to-end control, and deep ESG integration." Supply chain
management is strengthened by optimizing resource allocation, establishing digital platforms to reduce information barriers with
suppliers, and leveraging internal advantages to foster harmonious, stable, and healthy supply chain development.
Developed the Material and Service Supplier Management Regulations and Production Material Supplier
Types of Risk and Impact Impact Onboarding Management Measures, establishing quantitative indicators across five dimensions:
Risk and Opportunity Description Mitigation Measures
Opportunity Severity Timeframe compliance and qualifications, production capacity, quality and technical capabilities, environmental
Conduct policy research, pre-identify performance, and social responsibility, forming a multi-dimensional assessment standard.
Suppliers failing to meet environmental new suppliers, and sign environmental
Policy and New suppliers are, in principle, subject to 100% on-site audits, with third-party verification applied to
policy requirements may increase the cost of Medium Medium term compliance agreements with core
Regulatory Risk
sourcing new suppliers. suppliers to ensure raw materials meet Supplier ensure compliance and to mitigate the risk of "paper qualifications."
relevant standards. Onboarding
Suppliers are categorized by strategic importance and risk level into strategic, core, and qualified tiers,
Optimize supply chain management, sign
Raw material price fluctuations and higher with differentiated allocation of cooperation resources and audit frequency.
Medium to long-term procurement agreements with
costs for low-carbon materials may increase Medium
Long Term material suppliers,, and explore low-cost
production costs.
alternative materials.
Supply chain disruptions caused by force Prioritize local suppliers and develop a Developed Production Material Supplier Audit Management Measures and Production Material Supplier
majeure events, such as natural disasters (e.g., diversified supplier network, avoiding raw Performance Evaluation Management Measures, establishing mechanisms for routine assessment,
Operational Risks High Medium term
earthquakes, floods) or geopolitical conflicts, materials from conflict or controversial
dynamic spot checks, and event-triggered audits.
may result in higher production costs. regions.
An ESG-based assessment framework is applied, incorporating environmental (E), social (S), and
Inefficient information flow across the supply Promote supply chain digitalization to
Medium to governance (G) indicators, including environmental certifications and labor rights protection.
chain may result in inventory accumulation, High enable real-time information sharing
Long Term Supplier
delivery delays, or quality issues. between the Company and its suppliers. Assessment Quarterly ESG dynamic assessments are conducted. Suppliers failing the assessment trigger a
remediation warning process. Suppliers rated non-compliant for the quarter are required to suspend
The application of technologies such as IoT, Continuously optimizes and upgrades supply and rectify within a defined period, and those failing annual performance evaluation are removed
Technological
AI, and blockchain can optimize supply chain Medium to the SAP and ISRM Smart Supply Chain from the supply base.
innovation Medium
management, improving transparency and Long Term Collaboration Platforms to enhance
opportunities
response speed. supply chain management efficiency.
Increasing awareness of environmental
Adhere to green procurement policies and
Green Transition protection among consumers and Medium to Developed the Supplier Incentive and Exit Regulations, specifying trigger conditions such as suppliers
Medium prioritize suppliers with environmental
Opportunities regulators creates opportunities for green Long Term inactive for 24 consecutive months, high-risk evaluation, or poor audit ratings.
certifications.
transformation.
A standardized exit process provides a 1–3 month rectification period; if corrective measures fail, the exit
Establishing close collaboration with Supplier
A collaborative supply chain platform is process is initiated concurrently with a backup supplier switch plan to ensure uninterrupted supply.
Brand Value upstream and downstream partners can Exit
Medium Long-term established to share demand forecasts
Opportunity enhance supply chain efficiency and
and production plans. In 2025, the Company completed the exit of 23 suppliers.
strengthen brand competitiveness.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Indicators and Targets Related to Supply Chain Management
Implemented the Material and Service Supplier Management Regulations to establish a three-
dimensional ESG quantitative evaluation system, enabling precise grading and differentiated
management. Guided by the Company's carbon peak by 2030 and carbon neutrality by 2060 strategies, Changhong Meiling has established a
full-chain sustainable supply chain management system. In accordance with applicable laws and regulations, national standards,
Developed a tiered and categorized ESG audit process with "annual supervisory spot audits + annual the relevant Guidelines, and based on the Company's actual circumstances, specific objectives have been set for supply chain
full-cycle audits," helping suppliers improve ESG management practices. management issues, and the implementation of these objectives is continuously monitored.
Supplier ESG
Management In 2025, Changhong Meiling conducted on-site supervisory spot audits for 10 suppliers and surveyed 285 During the reporting period, the Company achieved its supply chain management-related performance targets.
active suppliers in writing regarding ESG management. Certifications among suppliers include ISO 14001
(153 suppliers), ISO 45001 (101 suppliers), and SA8000 (5 suppliers). Reporting Progress During the
Category Goal
Period Reporting Period
In 2025, 10 suppliers underwent on-site ESG supervisory audits,
Short term Achieved
with 100% completion of document-based reviews.
The Company signs Corporate Social Responsibility Agreements with suppliers and provides onboarding Supplier ESG
training for supplier employees entering Changhong Meiling facilities, covering the Environmental (E), Management In 2030, 50 suppliers underwent on-site ESG supervisory audits, Medium to
Ongoing follow-up
Social (S), and Governance (G) dimensions, establishing a routine communication mechanism. with 100% completion of document-based reviews. Long Term
Diverse supplier training is conducted through a combination of "annual supervisory audits + on-site Localized The number of locally sourced suppliers increased by over 10%
Short term Achieved
quality and technical guidance." Approximately 10% of suppliers are trained each year. In 2025, 17 procurement year-on-year.
Supplier suppliers received training.
Communication
Leading Industry Development
and Training
The Company has implemented a smart supply chain platform (ISRM system), enabling real-time
sharing of order status, production progress, inventory levels, and quality inspection data with suppliers,
reducing delivery delays caused by information asymmetry.
Changhong Meiling upholds an open, cooperative, and win-win philosophy, viewing industry collaboration as a key driver for both
corporate and sectoral development. The Company actively engages in industry-academia-research (IAR) cooperation, participates in
industry exchanges and collaborations, treats small and medium-sized enterprises (SMEs) equally, and works together with SMEs to
achieve mutual progress.
Industry-university-research Cooperation
Changhong Meiling regards collaborative innovation with universities and research institutions as a core driver of high-quality
enterprise development. The Company has established deep partnerships with leading domestic universities, forming joint university-
enterprise innovation teams and conducting targeted technological R&D. This approach converts cutting-edge academic research into
enterprise productivity, continuously fueling innovation for industry advancement and corporate growth.
Distributor Summit hosted
by Zhongke Meiling
Procurement Manager Training
Conference conducted by the
Company
Higher education institutions in Anhui Province visited Changhong Meiling to conduct enterprise visits and promote industry-academia-research
(IAR) collaboration
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Industry Development Collaboration
Empowering Employee Growth
With a cooperative and win-win approach, Changhong Meiling actively participates in industry exchanges and collaborations,
integrating proactively into the broader industrial ecosystem. By attending industry summits and engaging in sector collaborations, the The Company prioritizes talent development, places high importance on employee rights protection, and continuously enhances
Company strengthens linkages across stakeholders, shares technological achievements, and explores development pathways. These employee engagement and sense of belonging. By providing a safe and supportive workplace environment and upholding safe
efforts contribute to coordinated upgrading of the home appliance industry, fostering symbiotic growth and mutual benefit. production principles, the Company ensures the occupational health and safety of all employees.
Protecting the Rights and Interests of Employees
Governance Related to Employee Rights Protection
Changhong Meiling is committed to respecting and caring for every employee. The Company strictly complies with relevant national
laws and regulations, including the Labor Law of the People's Republic of China, the Labor Contract Law of the People's Republic of
China, and the Employment Promotion Law of the People's Republic of China. Internal management systems, such as the Recruitment
Management System, the Corporate Social Responsibility HR Management System, and the Employment Information Disclosure
Implementation Rules, have been established and continuously refined to safeguard employees' fundamental rights.
Strategy Related to Employee Rights Protection
The Company adheres to a recruitment principle of "people-oriented, fair and just, and job-role matching" and upholds a
compensation philosophy of "reflecting job value and performance-driven." Changhong Meiling has established a comprehensive,
Showcasing high-precision products at the RCEP Exhibition Exhibiting products at the IFA Expo in Germany
closed-loop system for managing the impacts, risks, and opportunities related to employee rights. Through systematic scanning
and identification of internal and external strategic factors, an initial list of employee-related topics is formed. These topics are then
assessed and prioritized into high, medium, and low categories, with corresponding response strategies and action plans developed.
Leading and lagging indicators are set to monitor progress continuously, and periodic management reports review implementation,
forming a "plan–do–check–act" continuous improvement cycle. This ensures that challenges and opportunities related to employees
are converted into sustainable competitive advantages for the Company.
Types of Risk and Impact Impact
Risk and Opportunity Description Mitigation Measures
Opportunity Severity Timeframe
Employee dissatisfaction Establish a performance-driven flexible
with compensation or work compensation system and a regular
Medium Short term
environment may trigger labor communication platform to respond
disputes. promptly to employee concerns.
Failure to legally execute labor
Other Risks contracts or fully compensate Strict compliance with laws and
overtime work may result in labor regulations, establishment of a full-process
Co-hosting the "AI Family Day" event with XPeng Motors Successfully holding the strategic cooperation meeting on home inspection penalties or collective High Short term employment compliance management
appliances with Wuhan Industry & Trade labor disputes, severely damaging system, and proactive mitigation of labor-
compliance credibility and related risks to prevent escalation.
corporate reputation.
Equal Treatment for Small and Medium Enterprises A fair and attractive compensation Develop a combination of variable pay and
and benefits system can stabilize long-term incentive mechanisms, offering
Medium
the core workforce and significantly High personalized and flexible benefit packages
Changhong Meiling strictly complies with the Regulations on Ensuring Payment of Funds to Small and Medium Enterprises and other term
enhance employee engagement and linked closely to skills development and
relevant rules. The Company requires suppliers to prohibit child labor and forced labor, ensure timely and full wage payments, and Other productivity. career progression.
avoid arrears to SMEs. Contractual payment terms with SMEs are consistent with those for other enterprises, without discrimination Opportunities
based on company size, and debts are repaid as per contractual agreements. For selected high-quality SMEs, the Company provides A strong employer brand can Reduces recruitment costs, improves
support such as optimized payment terms and financing recommendations, helping SMEs enhance their risk resilience and fostering help attract top talent, building a the quality of hired talent, strengthens
High Long-term
a collaborative supply chain ecosystem involving large, medium, and small enterprises. As of the reporting period, there were no more capable and value-creating team competitiveness, and enhances
overdue payments to SMEs. workforce. overall corporate reputation.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Performance Feedback and Appeals
Management of Impacts, Risks, and Opportunity Related to Employee Rights Protection
The Company publicly discloses performance evaluation rules and results for each department in a timely manner and provides multi-
Diverse Recruitment level feedback channels. If employees have objections to their performance evaluations, they may submit written feedback to the
Human Resources Department within the prescribed timeframe. Departments are required to address and respond to appeals within
Changhong Meiling actively conducts both social recruitment and campus recruitment, leveraging online and offline channels to attract high- the stipulated period, and, if necessary, convene ad hoc review meetings for resolution. Accountability mechanisms are established
quality talent. Flexible employment positions are also provided. The Company strictly adheres to the Employment Information Disclosure in accordance with the compensation and performance system rules to audit performance assessments, incentive allocation, and
Implementation Rules, ensuring fairness, impartiality, and transparency across three dimensions: recruitment information, interview process, and
compensation outcomes.
hiring outcomes. In 2025, Changhong Meiling recruited a total of 233 new employees through social recruitment, including 177 male and 56 female
employees.
Deepening the Development of the Industrial Workforce
Compliant Employment
To ensure the development and protection of the rights and interests of its employees, the Company has earnestly advanced workforce
construction in accordance with the deployment requirements for industrial reform, focusing on skills development, career progression,
In accordance with the recruitment management system, the Company provides equal employment opportunities and fair employment
conditions, strictly prohibiting employment discrimination. Equal employment and equal pay for equal work are enforced, preventing any protection of labor and economic rights and interests, platforms for employees to contribute and achieve, and workforce expansion.
discrimination based on nationality, race, religion, ethnicity, gender, age, disability, or marital/childbearing status. A three-tier review mechanism Emphasis is placed on the Company's leading role in establishing an employee development system characterized by sound institutional
is established to prevent the use of child labor, and any forms of forced labor are strictly prohibited. Changhong Meiling respects employees from implementation, improved competence, and guaranteed rights and interests, with the aim of cultivating a knowledge-based, skilled,
diverse cultural, ethnic, and religious backgrounds, fostering an inclusive and diverse workplace environment. During the reporting period, no and innovative workforce to support the high-quality advancement of industrial reform. In accordance with the law, the Company
incidents of child labor, forced labor, harassment, bullying, or intimidation were identified. has established mechanisms for labor dispute mediation and labor protection supervision, conducts legal education seminars, and
systematically enhances employees' ability to safeguard their rights and the level of occupational health protection. Furthermore,
the Company systematically organizes a series of "Diverse and Multi-Skill" competitions, promotes "Five Small" innovations and team
building, and fosters the spirit of craftsmanship through employee innovation studios. It strictly implements the workers' congress
Remuneration and Benefits
system, deepens the disclosure of factory affairs, standardizes labor contracts and collective negotiation, and builds harmonious and
stable labor relations, laying a solid foundation for both industrial reform and workforce development.
The Company strictly complies with relevant national laws and regulations, and has formulated internal compensation systems, including
the Compensation Management Measures and Performance Assessment Management Measures, to regulate compensation management,
distribution, and payment, enhancing both internal fairness and external competitiveness. Compensation is dynamically adjusted based on job
value evaluation, merit-based salary adjustments, and technical points systems to ensure alignment with market standards and employee needs.
Employee benefits include social insurance and housing fund, regular health check-ups, employee care programs (gym access, holiday benefits,
departmental team-building activities), and various allowances (communication allowance, high-temperature allowance, meal allowance, etc.).
For dispatched labor, employees are enrolled in social insurance and enjoy the same benefits such as health check-ups and holiday allowances.
The Company has formulated the Measures for the Administration of Employee Benefits and the Measures for the Administration of Employee
Leave. Employees are entitled to paid annual leave, maternity leave, parental leave, childbirth leave, care leave and other entitlements.
Democratic Management
Changhong Meiling strictly complies with the Trade Union Law of the People's Republic of China and the Labor Law of the People's Republic The Company conducted university roadshow recruitment activities On-site Presentation of the Company's Westward Expansion Plan
of China, establishing a democratic management system centered on the Workers' Congress. The Company has established democratic
management systems, including the Workers' Congress Work System and the Notice on Standardizing the Hearing and Resolution of
Employee Opinions by Management at All Levels, to institutionalize governance through trade unions and workers' congresses. These
mechanisms standardize the procedures for convening the Workers' Congress, ensuring procedural fairness in the exercise of employees'
democratic management rights within the corporate governance structure. Channels for democratic participation are maintained and
made accessible through trade union organizations, open management meetings, and collective bargaining, enabling systematic collection
of employees' opinions and requests. Reasonable suggestions are implemented, creating an environment for equitable dialogue, and
safeguarding employees' rights to information, participation, expression, and supervision. This ensures that grassroots concerns are fully
recognized and transformed into key drivers for optimizing organizational effectiveness. A dedicated labor relations position is established
to prevent and mediate labor disputes. An employee complaint platform is maintained, providing multiple channels from suggestion boxes,
trade union representatives, functional departments, supervisors, up to the Chairman of the Company. Collaboration among departments
ensures timely communication, negotiation, and mediation, promoting harmonious labor relations and sustainable enterprise development.
Employee Satisfaction Surveys
The Company has established policies, including the Employee Handbook and the Implementation Measures for Employee
Satisfaction and Engagement Management, to provide channels for surveying employee engagement and satisfaction. Regular surveys
on engagement and satisfaction are conducted to understand employees' genuine perceptions and to enhance the efficiency of
human resource management.
In 2025, Changhong Meiling was awarded the Yupao Direct Hiring Star In 2025, the Company was awarded the Liepin Extraordinary Employer
Employer Award Award
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Indicators and Targets Related to Employee Rights Protection Management of Impacts, Risks, and Opportunity Related to Employee Training and Development
The Company is committed to establishing an employee rights management system characterized by "compliance assurance, fair The Company has established employee training and development management systems, including the Talent Development Plan,
development, health and safety, and humanistic care," aiming to achieve full coverage of employee rights protection, steadily improve Job Grade Management Measures, and Implementation Measures for Professional Skill Level Assessment. It has built six vertical career
employee satisfaction, and foster a caring and responsible employment environment. This supports talent retention and team stability. development tracks covering management, R&D, technical, functional, marketing, and production roles. In addition, horizontal career
development tracks have been established to implement a dual-track management model for professional and managerial roles. Each track
Category 2025 Targets Reporting Period Progress During the Reporting Period features multiple promotion tiers to guide employees' career progression and remove barriers to talent development.
Turnover rate of Maintain an employee
Short term Achieved (actual: 3.17%) Employee Career Development Channels
employees turnover rate below 5%
The Company actively conducts employee satisfaction surveys using questionnaires, focus groups, and other methods to gain an in- Vertical Development Channels Horizontal Development Channels
depth understanding of employees' genuine thoughts and demands. The results are analyzed and discussed, and any objectively
existing issues are promptly addressed to comprehensively improve employee satisfaction, optimize management strategies, and
Employees in management and professional tracks can choose Horizontal development is divided into cross-
promote mutual growth between the Company and its employees. In 2025, employee satisfaction scored 72.74, and engagement
career paths aligned with their personal development plans for track horizontal development and dual-directional
scored 74.85, both showing year-on-year improvement.
vertical advancement. development between management and professional
tracks.
Management-track employees undergo dynamic adjustments
Employee Training and Development through evaluations that combine current incumbents and For cross-track development, the Company encourages
candidates' presentations, competitive selection, democratic employees from various professional tracks to
Governance Related to Employee Training and Development assessments, competency evaluations, performance scores, participate in horizontal positions in line with their
and performance grades. career plans, expertise, and capabilities.
The Company adheres to the principle of "enhancing all employees, focusing on key talents," aiming to establish a learning organization and Professional-track employees are evaluated annually through We have established a dual-career development system
systematically build a comprehensive talent development system covering all employees throughout their career lifecycle. By establishing performance assessments, technical evaluations, and expert that enables lateral mobility between professional
and improving the employee training system, implementing tiered and categorized training, cooperating with external institutions, and appraisals. Results are combined with annual performance and managerial tracks. This allows professional-track
encouraging employees to pursue academic degrees, the Company supports employees in enhancing their professional competence and reviews and technical point rankings to determine job grade employees to compete for management positions,
skills. Around employee growth, a dual career pathway for management and professional expertise has been established, ensuring that promotions, ensuring a structured vertical growth path. while management-track employees can participate in
employees can access clear promotion ladders and broad development opportunities, whether they aspire to be outstanding managers or professional-track evaluations.
senior specialists.
Strategy Related to Employee Training and Development
The Company has developed a robust training management and career development system to meet employees' professional development
needs and align with the Company's strategic objectives, through systematic training plans, process and policy guarantees, and enriched
resource allocation.
Types of Risk and Impact Impact
Risk and Opportunity Description Mitigation Measures
Opportunity Severity Timeframe
Refine the promotion and incentive mechanisms. For key
Intensified industry competition
Medium employees, implement equity incentives and employee
may lead to the loss of core High
term stock ownership plans to strengthen alignment and deep
technical personnel. The Company organized new employees to participate in the Xinghuo The Company conducted core team leader training programs
engagement between employees and the Company.
Training Camp
Other Risks Develop micro-learning modules mapped to critical
Existing employee skills may not
positions, establishing a three-tier learning system
match the demands of business
Medium comprising micro-learning, project-based learning, and
transformation and technological Medium
term in-depth development; implement internal certification
Indicators and Targets Related to Employee Training and Development
iteration, limiting strategy
and qualification assessments, and introduce "Skill
implementation and innovation.
Allowances" to incentivize priority skill acquisition.
Category Goal Reporting Period Progress During the Reporting Period
Transition to green manufacturing In 2025, the total training hours
provides career development Medium to Cultivate employees through the internal training system, Short term Achieved
Medium amounted to 33 hours
opportunities for professionals skilled Long Term reducing the need for external recruitment. Average training hours
in low-carbon technologies. per employee
In 2026, the total training hours
Other Short term Planned for completion in 2026
Develop career development roadmaps aligned with amounted to 40 hours
Opportunities Investing in lifelong learning, business strategy, collaborate with universities and
build future-ready organizational Medium to training institutions to provide course-based training,
Medium To ensure the achievement of employee training and development targets in 2026, the Company plans to implement a diversified
capabilities and strengthen Long Term establish internal knowledge-sharing platforms,
human capital barriers. and implement incentive mechanisms for academic training system, deliver tiered and categorized training programs, adopt a blended online-and-offline learning approach, and apply
advancement.
training effectiveness evaluation and incentive measures.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Prioritizing Employee Well-being Occupational Health and Safety
Changhong Meiling has established a comprehensive caring and support mechanism, conducting regular employee assistance activities. Changhong Meiling consistently places occupational health and production safety at the forefront of its corporate development. The
These include summer heat relief initiatives, protection of female employees' rights, support for employees facing difficulties, and Company comprehensively implements safety production initiatives, continuously strengthens the occupational health and safety
commemorative gifts for employees' children entering school, demonstrating attentiveness to employees' well-being. The Company management system, and ensures employees' occupational health and workplace safety. These efforts foster a safe and harmonious working
organizes diverse cultural and recreational activities, strengthens sports and cultural development, and enriches employees' extracurricular environment, laying a solid foundation for stable operations and high-quality development. In 2025, the Company's safety production
life, fostering a respectful, supportive, and harmonious work environment. These efforts enhance team cohesion and engagement, building a
control targets were set as follows: zero production safety liability incidents of Category II or above, zero production safety liability incidents
virtuous and sustainable ecosystem of "caring for employees, improving efficiency, promoting development, and giving back to employees."
with direct economic losses of RMB 300,000 or more, and zero fire incidents with direct economic losses exceeding RMB 200,000. The
In 2025, the Company labor unior continued to strengthen support for employees in difficulty, successfully applying for and securing a total of
Company regularly monitors progress against occupational health and safety targets, and all annual safety production control targets were
RMB 488,000 in hardship assistance funds from the higher-level labor union, distributed to the accounts of 488 employees, providing support
to households under financial stress. fully achieved.
The Company strictly complies with the Work Safety Law of the People's Republic of China, the
Special Equipment Safety Law of the People's Republic of China, the Regulations on Safety Production
Management of Construction Projects, and other relevant laws and regulations. Internal management
systems have been formulated and implemented, including the Safety Training Management System,
Safety Production
the Hazard Identification and Safety Risk Classification and Control System, and the Stakeholder Safety
Management Management System. A comprehensive safety production framework has been established. The Safety
System Production Committee, led by the President, serves as the top safety leadership body, supported by the
independent Safety and Environmental Protection Department. Subsidiaries and relevant departments
have set up safety leadership teams. Each unit/department has dedicated (or part-time) safety officers,
building an enterprise model emphasizing intrinsic safety and scientific development.
A systematic mechanism for hazard identification, closed-loop remediation, and information tracking
has been established. Each unit implements closed-loop hazard management in accordance with the
Company's procedures for hazard registration, tracking, and closure. Regular inspections and remediation
are conducted across all operational areas. Focusing on hazard inspection and remediation, a graded
Preventing Safety
hazard tracking risks have been eliminated. Significant safety hazards (A/B level) are subject to company-
Risks
supervised corrective actions, monitored until resolved, and formally closed. In 2025, Changhong Meiling
identified a total of 172 hazards, including 106 hazardous chemical issues, 45 dust explosion issues, and 21
basic management issues. By the end of 2025, 170 hazards had been rectified, achieving a remediation rate
Summer Heat Relief Campaigns Activities for Protecting Female Employees' Rights of 98.84%.
A comprehensive system of emergency response plans has been established. Units regularly conduct
fire drills, hazardous chemical handling exercises, and other on-site incident simulations to assess
preparedness, enhance employee safety awareness, and strengthen emergency response skills.
Safety Emergency
The latest Production Safety Accident Emergency Response Plan was filed with the Hefei Economic
Management Development Zone Emergency Management Bureau in December 2024. In 2025, the Company conducted
Support Initiatives for Employees in Visits and Assistance for Maternal and Infant Care Rooms Employee Reading Rooms
Difficult Circumstances Hospitalized Employees The Company adheres to the principle of "safety first, prevention-oriented, comprehensive management,"
implementing diversified safety culture promotion and education activities. Safety knowledge dissemination,
training on safety laws, regulations and safety certification, and campaigns such as the Ankang Cup, Safety
Safety Culture
Production Month, and Fire Safety Month guide employees to adopt correct safety concepts, behavioral habits,
Development and working methods to achieve long-term safety production goals. In 2025, the Company organized 16
thematic training sessions for full-time and part-time safety management personnel, with approximately 500
participants, and 20 fire and security-themed trainings with about 8,000 participants.
The Company revised the Regulations on Occupational Health and Labor Protection Supervision and
Management, strengthening hierarchical control over occupational safety risks. Accredited third-party
institutions were engaged to conduct comprehensive testing of occupational hazard factors, including
Occupational
noise and chemical concentrations in production areas, covering 228 testing points to ensure full coverage.
Health Protection In 2025, Changhong Meiling completed 1,311 occupational health examinations, accurately identifying
established procedures to prevent occupational health risks at the source. No occupational disease cases
were reported throughout the year.
The scope of statistics for completed occupational health examinations covers Changhong Meiling headquarters, Changhong Air Conditioner,
Sports and Cultural Festival Events Changhong Meiling "Open Day" Events and Zhongshan Changhong.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Dedicated to Giving Back to Society
Actual Achievement Changhong Meiling upholds a strong sense of corporate citizenship, integrating social responsibility deeply into its development
Target Category Specific Target Target Value Key Notes
Achievement Status strategy. The Company actively advances its social impact across multiple dimensions, including rural revitalization, community co-
Coverage rate of building, and public welfare initiatives, demonstrating corporate social value and fulfilling its social responsibilities. In 2025, Mianyang
Occupational Health Full-cycle coverage including pre-job,
occupational health 100% 100% Achieved Meiling conducted supportive procurement of agricultural and sideline products from regions including Seda and Pingwu in Sichuan
Examinations on-job, and post-job periods
examinations Province, totaling RMB 106,000; Zhongke Meiling established university scholarships with donations of RMB 450,000.
Occupational Coverage rate of Completed third-party testing at 228
Disease Hazard occupational disease 100% 100% Achieved monitoring points, providing data
Testing hazard factor testing support for risk prevention
Covered core emergency scenarios
Number of emergency for high-risk positions; significantly
Emergency drill Not less than 4 4 times Achieved
drills conducted improved employees' emergency
response capability Promoting rural Building Harmonious Supporting Public Welfare and
revitalization Communities Philanthropy
Number of Achieved 100% hazard rectification
Responding proactively to national The Company engages deeply with local The Company commits to social welfare,
Special Inspections occupational health Not less than 12 12 times Achieved rate, ensuring closed-loop hazard
special inspections management st ra t e g i e s f o r c o m p r e h e n s i v e community de velopment , utilizing its organizing and participating in activities
rural revitalization, the Company resources through financial support and other such as voluntar y blood drives, book
Incidence rate of Zero occupational leverages industrial assistance and channels to actively participate in community donations, and community care visits.
occupational diseases diseases, zero Established a full-chain occupational
Incident Prevention Double Zero Achieved consumer-driven support through cultural events such as the "2025 Lighthouse T h e s e p r o g ra m s e xt e n d s u p p o r t t o
and occupational occupational health health protection network
the "Charity-Based Agricultural Music Night." Employees are encouraged to vulnerable groups, including left-behind
health accidents accidents
Assistance Initiative," promoting participate in volunteer services, help maintain children and outdoor laborers, shaping
Coverage rate of local economic prosperity and social public order, and demonstrate exemplary a positive public image of Changhong
Significantly improved employees'
Training Coverage occupational health All employees Fully covered Achieved progress while injecting corporate civic spirit, fully reflecting the Company's Meiling as a socially responsible and
awareness of occupational health
training resources into rural development. responsibility as a community co-builder. mission-driven enterprise.
The scope of statistics for the 2025 occupational health quantitative targets and achievements covers Changhong Meiling headquarters.
Changhong Meiling "Charity-Based Agricultural Assistance Initiative" "2025 Lighthouse Music Night" Community Event
Certified under the Occupational Health Occupational Disease Hazard Testing Occupational Health Examinations
and Safety Management System
Emergency drill for hazardous chemical spill Safety knowledge training Safety knowledge competition
"Road Safety Guidance" Volunteer "Co-building the Union Happiness Station" Book Donation
Activity Charity Initiative
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects
Prospects Appendix
Appendix
Business Better Services Ecosystem Better Lives
Future Prospects
In 2026, Changhong Meiling will remain firmly anchored to the goal of high-quality development,
accelerating digital transformation and intelligent upgrades, deepening green technology
innovation and end-to-end low-carbon practices. Leveraging technological capabilities to drive
industrial advancement toward greener solutions, the Company will strengthen talent pipelines
and stakeholder collaboration, building a modern enterprise model that is resilient, people-
oriented, and value-creating. Changhong Meiling is committed to fulfilling its ESG promises and
striving to write a new chapter in the Company's sustainable development journey.
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Appendix Dimension Indicator
——Self-generated electricity (PV, residual heat, wind)
Unit
Ten thousand kWh
Key Performance Table
Total gasoline consumption Ton 10.09
Diesel consumption Ton 106.68
Natural gas consumption (total) 10,000 m? 271.32
Heat consumption million kJ 29,937.26
Dimension Indicator Unit 2025
Total comprehensive energy consumption tce 30,185.01
Environmental
Total environmental protection investment RMB 10,000 1,032.09
Investment Proportion of renewable energ y in total energ y
% 18.24
consumption
Direct greenhouse gas emissions (Scope 1) tCO2e 905.21
Total water consumption m3 1,335,122.04
Indirect greenhouse gas emissions (Scope 2) tCO2e 53,966.44
Greenhouse Gas
Emissions Water saved m 3
-34,899.17
Total greenhouse gas emissions tCO2e 54,871.65
Water Resources
Recycled/reused water m3 493,251.63
Total Carbon emissions per RMB million of output value tCO2e/RMB million output value 5.11 Usage
Water consumption per RMB million revenue m? / RMB million revenue 43.91
Industrial wastewater discharge Ton 544,648.59
Proportion of recycled water in total water usage % 36.94
Domestic wastewater discharge Ton 202,599.10
Renewable materials consumption Ton 800,417.56
Total wastewater discharge Ton 747,247.69 Circular Economy
Wastewater Total materials used in production and packaging Ton 959,981.98
Chemical Oxygen Demand (COD) emissions Ton 43.01
Discharge
Product Quality
Product ex-factory qualification rate % 100.00
Biochemical Oxygen Demand (BOD) emissions Ton 17.18 Management
Ammonia nitrogen (NH3-N) emissions Ton 6.07 Number of product and service complaints Item 1,690.00
Total phosphorus emissions Ton 0.63 Customer complaint resolution rate % 100.00
Exhaust Gas Emissions Ton 13.68 Complaint response rate % 100.00
Customer Service
Exhaust gas emission intensity t / RMB 10,000 revenue 0.0000045 Average complaint response time Hour 0.5
and Rights
Waste Gas
Particulate matter (PM) emissions Ton 0.53 Average complaint resolution time Hour 24
Emissions
Nitrogen oxides emissions Ton 0.36 Domestic customer satisfaction % 98.92
Volatile organic compounds (VOCs) emissions Ton 12.01 International customer satisfaction % 98.80
Harmful waste generation Ton 653.87 Number of data security / customer privacy training
Times 44.00
Waste Disposal sessions
Harmless waste generation Ton 32,569.58
Training coverage of data security / customer privacy
Total energy consumption per RMB million revenue tce / RMB million revenue 0.96 Data Security % 93
training sessions
Energy
Total electricity consumption Ten thousand kWh 19,955.33 Average training duration per person of data security /
Consumption Hour 1.5
customer privacy training sessions
——Green electricity purchased Ten thousand kWh 4,797.02
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Dimension Indicator Unit 2025 Dimension Indicator Unit 2025
Total number of suppliers at the end of the reporting Total investment in employee training RMB 10,000 194.12
/ 1,602.00
period Development and
Total employee training hours Hour 50,754.00
Training
Localization rate of suppliers % 44.53
Supplier Employee training coverage rate % 100.00
Management Number of suppliers with sustainability certifications / 698.00
Employee work injury insurance investment RMB 10,000 647.78
Occupational
Proportion of suppliers with sustainability certifications % 52.28
Health
Employee work injury insurance coverage rate % 100.00
Amount of responsible (green) procurement RMB 10,000 1,162,972.81
Rural Revitalization Investment in rural revitalization RMB 10,000 253.28
RD investment amount RMB 10,000 96,753.67
Technology Charitable donation amount RMB 10,000 48.50
Innovation Number of RD personnel Person 1,633.00
Management Number of volunteer activities Session 20.00
Social Welfare
Proportion of R&D personnel % 11.64
Initiative
Employee participation in volunteer activities Person-time 1,229.00
Number of patent applications filed Item 1,073.00
Total hours of voluntary activities Hour 2,685.50
Number of invention patents granted Item 219.00
Number of Company Directors Person 9.00
Number of utility model patents granted Item 520.00
Number of Independent Directors Person 3.00
Intellectual
Number of design patents granted Item 94.00
Property Protection Percentage of Independent Directors on the Board % 33.33
Total valid patents during reporting period Item 3,776.00
Number of Shareholders' General Meetings Times 4.00
Number of invention patents applied to main business Item 1,705.00 Company Overview
Number of items discussed and reviewed at
Nos. 26.00
Software copyrights Item 224.00 Shareholders' General Meetings
Total employees Person 14,028.00 Number of Board Meetings Times 15.00
Number of female employees Person 4,113.00 Number of items discussed and reviewed at Board
Nos. 106.00
Meetings
Number of production personnel Person 7,094.00
Total Number of employees participating in anti-
Number of sales personnel Person 4,031.00 Person 3,367.00
commercial bribery and anti-corruption Training
Integrity Building
Number of technical personnel Person 1,985.00 Percentage of employees participating in anti-
% 74.00
commercial bribery and anti-corruption Training
Number of finance personnel Person 322.00
To ta l N u m b e r o f Sta n d a r d i z e d G o v e r n a n ce &
Number of administrative personnel Person 596.00 Times 11.00
Compliance Training Sessions
Employment and
Labor contract execution rate % 100.00
Composition Standardized Tota l D u rat i o n o f Sta n d a rd i ze d G o v e r n a n ce &
Hour 15.00
Turnover rate of employees during reporting period % 3.17 Governance Compliance Training
Number of employees with college education Person 10,261.00 Tota l N u m b e r o f Pa r t i c i pa n ts i n Sta n d a rd i ze d
Person 2,024.00
Governance & Compliance Training
Number of employees with bachelor's degree Person 3,460.00
Number of employees with master's degrees or higher Person 307.00
Proportion of female executives among total executives % 28.57
Number of Female Senior Management Personnel Person 2.00
Social insurance coverage rate % 100.00
Ensuring Compliance, Advancing Smart Driving Green and Low-Carbon Embracing Responsibility,
Chairman's Board of Directors' About Changhong ESG Future
Cultivating Responsible Manufacturing, Renewing Development, Protecting Our Connecting
Message ESG Statement Meiling Management Prospects Appendix
Business Better Services Ecosystem Better Lives
Index of Indicators
Title Subtitle Guidelines
Report Preparation Notes T6
Chairman's Message ／
Board of Directors' ESG Statement T4
About Changhong Meiling ／
Sustainability Strategy T2
Sustainability Governance T12、T14、T15、T16、T17、T18、T19、T51
ESG Management
Materiality Assessment T5、T10、T11
Due Diligence and Stakeholder
T9、T52、T53
Communication
Improvement of Company
T12、T51
Governance
Building a Robust Risk Control
T51
Ensuring Compliance,Cultivating Defense Line
Responsible Business
Ensuring Information
T44、T53
Transparency
Adhering to Business Ethics T54、T55、T56
Stimulating Innovation Vitality T41、T42、T43
Accelerating Intelligent
T42
Advancing Smart Manufacturing, Transformation
Renewing Better Services
Pursuing Excellence in Quality T47
Building Service Excellence T48
Combat with Climate Change T8、T21、T22、T23、T24、T25、T26、T27、T28
Environmental Compliance
T29、T30、T31、T33
Driving Green and Low-Carbon Management
Development,Protecting Our
Ecosystem Resource Recycling T34、T35、T36、T37
Green Production and
T20、T32
Operations
Building a Responsible Value
T45
Chain
Leading Industry Development T46
Embracing Responsibility, Connecting
Better Lives
Empowering Employee Growth T49、T50
Dedicated to Giving Back to
T38、T39、T40
Society
Future Prospects — ／
Appendix － T57
首页
微信公众号
证券之星APP
