ENVIRONMENTAL, SOCIAL AND
GOVERNANCE REPORT
Address: No. 1, Luojiang District Intelligent Equipment Industrial Park, Heshi Town, Luojiang
District, Quanzhou City, Fujian Province
E-mail: dm@fjttm.com
Tel: 0595-22091180
CONTENTS
Foreword
About this Report
Message from the Chairman 03 Standardized Governance: Innovation Empowerment: Social Philanthropy:
Strengthening Growth Foundation Building Trust through Co-Creating Better Society
About TTM 05 Responsibility Fulfillment
Standardization of Corporate Governance 31
Protection of Investors’ Rights and Interests 37
Company Overview 05
Adherence to Business Ethics 38 Innovation-Driven Development 63 Contribution to Communities 111
ESG Performance Highlights 09
Supply Chain Management 79 Public Welfare and Charity 112
in 2025
Safety and Quality of Products and Services 74 Rural Revitalization 113
Data Security and Privacy Protection 85
Special Feature: Sailing with Smart
Manufacturing, Shaping the Global
Future with Craftsmanship 11
Low-Carbon Operations:
ESG Management 21 Safeguarding a Green Future People-Oriented Management: Appendix 115
Supporting Talent Development
ESG Goal and Vision 21 Indexes 115
Response to Climate Change 43
ESG Governance System 23 Feedback Form 117
Environmental Compliance Management 47 Occupational Health and Safety 91
Communication with Stakeholders 25 Resource Management 52 Protection of Employees' Legal Rights and Interests 97
Management of Material Topics 26 Ecosystem and Biodiversity Protection 60 Employee Training and Development 105
Foreword
About this Report
Introduction
This is the second Environmental, Social and Governance Report issued by Fujian Tietuo Machinery Co., Ltd. In the principles of Task Force on Climate-related Financial Disclosures (TCFD) Recommendations
objectivity, standardization, transparency, and comprehensiveness, this report provides detailed disclosure of TTM’s practices and
Sustainability Accounting Standards Board (SASB) Standards
performance in environmental, social and governance for the year 2025.
China Enterprise Reform and Development Society Guide to Corporate Sustainability Reporting in China (CASS-ESG 6.0)
Global Reporting Initiative Sustainability Reporting Standards (GRI Standards)
Reporting Scope
Reporting Period: This report covers the period from January 1, 2025 to December 31, 2025 ("Reporting Period"). To improve the
comparability and completeness, some sections of this report may be appropriately referred to previous years or contains
forward-looking statements. Data Source
Organization Scope: This report covers Fujian Tietuo Machinery Co., Ltd. Unless otherwise specified, the scope of this report is
The data in this report is sourced from the internal original ledgers, internal documents, audit reports, and other materials of TTM, with
consistent with that of the Company's Annual Report.
some financial data from the Company’s 2025 Annual Report. Unless otherwise specified, all amounts in this report are expressed in
RMB.
Release Cycle Appellation Description
This Environmental, Social and Governance Report is released on an annual basis.
For the convenience of expression and reading, Fujian Tietuo Machinery Co., Ltd. is also referred to as "Tietuo Machinery", "TTM",
"the Company" and "we".
Preparation Basis
Access and Feedback
Beijing Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 11 - Sustainability Report (for Trial Implementation)
This report may be accessed and downloaded from websites of Beijing Stock Exchange (http://www.bse.cn/), cninfo
Beijing Stock Exchange Guidelines for Listed Companies in the Preparation of Sustainability Reports
(http://www.cninfo.com.cn/) and the official website of TTM (http://www.fjttm.com/). For any report-related comments or suggestions,
UN Sustainable Development Goals (SDGs) please feel free to contact us at dm@fjttm.com or 0595-22091180.
Message from the Chairman
Dear partners, investors, employees and colleagues from all walks of life:
Hello, everyone! Today, with gratitude and anticipation, we officially release TTM's 2025 Annual ESG Report. Here, on and share the benefits of sustainable development. Actively fulfilling corporate citizenship responsibilities, we follow the
behalf of the Company, I would like to send our sincerest thanks to all the friends who have supported us for a long national rural revitalization strategy, deepen international exchanges and cooperation, and give back to society through
time! concrete actions.
In 2025, we deeply integrated ESG principles into our corporate strategy and operations, steadfastly advancing toward In terms of corporate governance, TTM continues to improve the governance system and strengthen the
our vision of "To Become a World-Class Manufacturer of Transportation Engineering Equipment". We strive to achieve foundation for the sustainable development of the Company. We have established a three-tier ESG governance
greater breakthroughs in environmental, social, and governance performance, create sustainable value through framework encompassing "strategic decision-making, management oversight, and implementation execution" to ensure
concrete actions, lead the industry toward high-quality development, and work with all stakeholders to move toward a the effective advancement and continuous optimization of our ESG strategy. We continuously strengthen internal
greener, more inclusive, and more resilient future. control and risk management, strictly adhere to compliance in operations, and further enhance the transparency and
credibility of our operations through a sound information disclosure mechanism, thereby effectively safeguarding the
In terms of environmental responsibility, TTM closely aligns with the national green development strategy and legitimate rights and interests of stakeholders.
places technological innovation at the core of driving both corporate and industry-wide green transformation. Our
priorities are given to our core businesses and carbon reduction technology R&D to reduce carbon emissions from the Looking ahead, TTM will remain steadfast in our commitment to sustainable development. Driven by technological
source during both product manufacturing and application. We continuously optimize production processes and waste innovation and grounded in responsible governance, we will deepen our ESG practices and work with partners to build
treatment workflows, effectively reduce waste generation during manufacturing, and enhance waste management a more resilient and responsible industrial ecosystem.
efficiency. Great efforts have been made to promote initiatives such as the adoption of energy-efficient equipment,
Finally, we sincerely thank you for your long-standing trust and support for TTM!
energy-saving technological upgrades, digital and intelligent management and control, and the use of clean energy.
These efforts help to reduce our energy consumption and carbon emissions, upgrade our own energy efficiency, and
drive the industry’s green transformation.
In terms of social responsibility, we always adhere to a people-oriented development and value sharing. TTM
continuously builds a growth-oriented organization. Relying on the "TTM Academy", we identify and cultivate
outstanding industry talents, and motivate teachers and students to pursue excellence through educational
scholarships, thus nurturing a new generation of talent for the future of the industry. We are committed to building a Wang Xiren, Chairman of Fujian Tietuo Machinery Co., Ltd.
new framework for industrial win-win cooperation. Through technological innovation, resource sharing and the
collaboration with upstream and downstream partners, we jointly advance the green upgrading of global infrastructure
About TTM
Company Overview
Company Profile
Fujian Tietuo Machinery Co., Ltd. was set up in 2004, and listed on the Beijing Stock Exchange on March 8, 2024 (Stock Name: TTM ;
Stock Code: 920706).
TTM is a specialized manufacturer of asphalt mixing plants and supporting equipment, integrating R&D, production, sales, and service.
The Company has been recognized as a Single Champion Manufacturing Enterprise and a National Specialized and Innovative "Little
Giant" Enterprise by the Ministry of Industry and Information Technology and the China Federation of Industrial Economics, a National
Intellectual Property Demonstration Enterprise, an Outstanding Private Enterprise of Fujian, and an AEO Advanced Certified Enterprise
by China Customs. The Company, with significant industry influence in China's export of asphalt mixing plants and recycling plants for
reclaimed asphalt pavement materials, serves as a model enterprise for the China Export Leading Index.
Since its establishment, TTM has upheld the vision of "To Become a World-Class Manufacturer of Transportation Engineering
Equipment". Focusing on the full lifecycle of asphalt mixtures from production to recycling, the Company has established a full-category,
multi-series product system including asphalt mixing plant, asphalt recycling plant, RAP flexible crushing and screening equipment,
aggregate shaping and sand making equipment, etc.
As a high-tech enterprise, the Company has always taken the advantage of technological innovation as its core competitiveness, and
set up Fujian Provincial Enterprise Technology Centre, Fujian Provincial Asphalt Recycling Plant Enterprise Engineering and Technology
Research Centre, and post-doctoral research stations. Centered on asphalt mixing technology, the Company continuously drives
technological and product innovation in areas such as equipment scaling, energy efficiency, environmental protection, intelligent
systems, as well as warm-mix technology, counter-current heating, continuous mixing, and other cutting-edge industry developments.
Enterprise Culture Honors
Manufacturing Single Champion Product (Asphalt
To Create the Best Value for To Become a World-Class National Intellectual Property Model
Mixture Plant Mixing and Thermal Regeneration
Customers, and Better Life for Manufacturer of Transportation Enterprise
Equipment)
the Staff Engineering Equipment
Enterprise Enterprise
Mission Vision
Code of Conduct
HONOR COMMITMENTS; LOYALTY AND KINDNESS;
ATTENTION TO DETAIL; TAKE ACTION IMMEDIATELY; 2025 Top 50 Specialized Construction 2024–2025 Outstanding Recycling
BE PUNCTUAL AND MUTUAL SUPPORT AND
REFINING EXCELLENCE NO EXCUSES Machinery Manufacturers in China Equipment Manufacturer
RELIABLE COLLABORATION
Business Overview
TTM specializes in the R&D, production, sales and service of asphalt mixing and recycling plant (virgin and recycled), including asphalt
mixing plant, hot recycling asphalt mixing plant, aggregate sand making and shaping equipment, and other more than 70 models of
thirteen series, which are widely used in the construction, maintenance and repair of municipal roads, national and provincial highways
and expressways, etc. Our sales and service network covers all provinces and cities in China, and more than 60 countries and regions
worldwide, with more than 1,800 sets of equipment serving the road industry around the world.
Association for Quality - Customer Satisfaction Star
Enterprises in Quanzhou
Product (Rating: Four-Star)
ESG Performance Highlights in 2025
Economic Performance Environmental Performance
Operating Revenue Total Investment in Environmental Protection
Net Profit Attributable to Shareholders Pollutant Emission Compliance Rate Solid Waste Disposal Rate
Basic Earnings per Share Total GHG emissions (Scopes 1 and 2) Photovoltaic Power Generation
Governance Performance Social Performance
Percentage of Independent Reply Rate to Investment in R&D First Pass Yield Rectification Rate of Potential Safety Hazards
Directors in the Board of Directors Investors’ Questions
Cumulative Number of Authorized Training on Quality Employment Contract Signing Rate
Patents
Total Cash Dividend
Items
Proportion of Local Suppliers Customer Satisfaction Total Investment in Employee Training
Training on Anti-Corruption
Special Feature
Sailing with Smart Manufacturing, Shaping the Global Future
with Craftsmanship
Setting New Benchmarks for Innovative
Customization
" In 2025, TTM focused on the core track of asphalt mixing, recycling, and supporting technologies, advancing customized R&D and optimization
with determination and momentum. By deeply integrating core technologies such as the application of asphalt rubber granules with diversified
product forms, including mobile, continuous, and recycling plants, we have meticulously built a green product portfolio tailored to the diverse
"
needs of global markets. This enables us to deliver customized solutions to customers for solid waste resource utilization and energy conservation.
Now, most projects have either been successfully implemented or entered the final validation stage. These tangible technological achievements
are injecting strong momentum into product iteration and upgrading, as well as market expansion breakthroughs, demonstrating the Company’s
solid confidence and proactive drive in deepening expertise in niche fields and scaling new technological heights.
TS3030 TS4020 LB500 RFS40 Incinerator
Continuous Upgrading of Hot Recycling Technology Continuous Improvement of Core Components
The TTJX2025-039 Project successfully integrates a single-bag dust collector with the TS3030 integrated high-level The TB400 aggregate elevator, through optimized design, increased conveying efficiency and stability by widening the
counter-current hot recycling unit. This combination optimizes the system and ensures efficient dust removal while achieving hopper while reducing rotational speed. Specialized debugging and tracking tests addressing issues such as the 2000 model
stable integrated operation. A more groundbreaking development is the RLBZ2500 Recycling Plant R&D Project, which has horizontal vibrating screen and the improvement of the concentricity processing level of the drum rollers demonstrate the
shifted toward the development of high-capacity co-current hot recycling technology. While ensuring technological stability Company’s unwavering commitment to product detail and long-term operational reliability.
and reliability, it significantly reduces manufacturing costs, forming an effective complement and optimization to the
traditional counter-current technology route.
Structural Innovation and Efficiency Enhancement Improvement of Process and Tooling Systems
The optimization project for the 100-ton bottom-mounted finished product silo of the virgin plant innovatively adopted a Throughout the year, we completed a series of foundational projects ranging from "tooling design" and "process
dual-lane structure, greatly improving the storage and turnover efficiency of finished materials. The TTJX2025-034 Project documentation" to establishing "pugmill test platforms" and "vibrating screen test platforms", and built a more comprehensive
specially designed a 30-ton finished product silo for Model LB800, achieving equipment optimization under high-level R&D and production support system.
material configuration. Meanwhile, the counter-current design for models such as TS4020-T8 has been finalized and entered
order-based production, demonstrating the capability of the Company to respond rapidly to customized requirements.
Tangible Results Proven by Key Performance Validation Environmental Technologies and Adaptation to International Markets
A series of tests conducted on Model LB500 were particularly critical. The full-machine load test met the temperature and The recycled exhaust deodorization unit developed for the RFS40 Incinerator Project successfully solved the exhaust
production capacity requirements and successfully completed verification with the addition of 50% recycled material, proving treatment problem of the Hot Recycling Plant, with test parameters meeting standards. The G-RLBZ1000 (Overseas Version)
the model’s capability to process a high proportion of reclaimed materials and providing strong data support for market Recycling Plant adopts a modular design that can be fully loaded into containers, greatly facilitating international
promotion. Asphalt foaming tests systematically evaluated pressure and flow parameters to precisely meet increasingly transportation and on-site installation, demonstrating the forward-looking adaptability of the Company’s products to global
stringent environmental requirements in customer orders. market deployment.
Co-Creating a New Pattern of Industrial Win-Win Case: Exchange with Russian Delegation
Cooperation In April 2025, TTM successfully hosted specialized seminars on asphalt mixing plants and road construction technology in both
Xi'an and Quanzhou. More than thirty experts, professors, and technical professionals from the Ministry of Transport of the Russian
Federation, the Association ROSASFALT, and related road construction enterprises were invited to participate in these seminars.
Industrial Synergy Strategy The event focused on key topics, including asphalt pavement construction, comprehensive utilization of recycled materials, and
the production and application of asphalt mixing plants. Participants engaged in in-depth discussions on technological realities,
TTM proactively shoulders the responsibility of industrial synergy, and is committed to development trends, and construction design, sharing practical experiences. TTM also organized visits for the Russian delegation
building a new pattern of industrial win-win cooperation. We continuously strengthen to equipment operation sites and the Quanzhou factory. The production scale, manufacturing processes, and product quality
our core product competitiveness and market adaptability. In empowering the green received high praise and recognition from the Russian side. This not only deepened professional technical exchanges between
transformation of global infrastructure, we and our partners share technological China and Russia but also enhanced TTM’s influence and brand image in overseas markets.
advancement dividends, jointly explore vast market opportunities, and collaboratively
write a new chapter of sustainable development characterized by industrial synergy
and value co-creation. During the Reporting Period, the Company, by virtue of
standardized operational management, rigorous compliance system, and solid overall
strength, obtained the AEO Advanced Certified Enterprise Certificate issued by
Xiamen Customs of the People’s Republic of China.
Authorized Economic Operator (AEO) Certificate
Layout in Overseas Market
Russian Market
To further enhance market service and customer support, TTM has established a long-term and stable agency partnership system in
Russia. This agent possesses a comprehensive professional team covering sales, after-sales installation and service, market planning,
and promotion. Through thirteen years of continuous cultivation, the Company has collaborated with the Russian agent on 148 sets of
Scene of Symposium
equipment as of the end of the Reporting Period. Over the years, it is precisely through this efficient and stable collaborative relationship
with our agent that we have jointly earned widespread recognition from local customers and achieved a year-on-year increase in
market share.
Cooperation with Russian Agents
Case: TTM at CTT Expo 2025 in Russia
In May 2025, TTM showcased its flagship domestic
product—the TS Series integrated counter-current hot recycling
asphalt mixing plant—at the International Trade Fair for
Construction Equipment and Technologies in Russia (CTT Expo
this equipment excels in performance, quality, efficiency, energy
conservation, and environmental protection. It supports
high-proportion RAP addition, significantly reduces carbon
emissions and energy consumption, and aligns with the "carbon
peaking and carbon neutrality" goals. In recent years, the
advancement of infrastructure development in Russia has driven
growing demand for construction machinery. The local market
has shown increasing interest in procuring high-quality,
cost-effective, low-carbon and environment-friendly asphalt
The Russian agent cooperated with a local company to The Model LB1500, deployed by the Russian agent with a
mixing plants. Taking this opportunity, TTM has built a technical
deploy a Model LB4000 with a capacity of 320 tons per company located in Novgorod Oblast, Russia, has already
exchange platform with stakeholders in the Russian
hour. Since being put into operation, the model has produced 50,000 tons of asphalt mixture, and another
transportation industry, promoting technological innovation in
produced approximately 200,000 tons of asphalt mixture, company in the same oblast purchased the Model LB1500
the sector through mutual learning and experience sharing.
mainly used for the construction of four local road through the agent.
CTT Expo 2025 in Russia
sections.
Southeast Asian Market
Case: Seminar on Recycled Environmentally-Friendly Asphalt Mixing Technology
TTM’s market layout in Southeast Asia, centering on Vietnam, the Philippines, and Malaysia, has established a service network with a
In July 2025, TTM invited two large road construction
comprehensive market coverage. Our products are widely used in highways, national road upgrades, and infrastructure projects.
companies from Mindanao Island in the Philippines to
participate in a seminar on the environment-friendly
Vietnam recycled asphalt mixing technology held by the
Company in Guangzhou. The event enabled local
customers to gain a better understanding of the
recycling technology and promote its application in
the Philippines through demonstration and broader
dissemination.
Philippine Agents Participating in the Seminar
LB2000 TS3020
Case: TTM at "MINING INDONESIA 2025"
Philippines In September 2025, TTM participated in the 2025 International Mining & Mineral Recovery Exhibition ("MINING INDONESIA 2025"),
presenting its "efficient, reliable, and environment-friendly" asphalt mixing plant solutions and advanced manufacturing
processes. With over 20 years of deep market penetration in Indonesia, TTM leveraged its expertise in customized product
development to deliver solutions that balance cost and quality advantages by aligning with the standards, natural environments,
and economic conditions of different countries. In response to infrastructure development needs in Indonesia and Southeast Asia,
the Company has developed multiple export-oriented asphalt mixing plant models to optimize transportation and installation
convenience. Based on local climate conditions, the Company has also enhanced product efficiency, operational stability,
environmental performance, and intelligent control capabilities.
LB1500 LB1500
Malaysia
RLBZ1000 PLUS Expressway Expansion Project
MINING INDONESIA 2025
Markets in the Middle East and South Asia
TTM has deeply cultivated the Middle East and South Asian markets. Multiple asphalt mixing and recycling plant models tailored to local
Driving a New Engine for an Intelligent Future
needs have been successfully applied in major infrastructure projects such as the NEOM Project in Saudi Arabia, the Second Ring Road Consistently guided by the goal of improving quality and efficiency while empowering development, TTM strives to advance digital
in Riyadh, and the Jashore Airport Project in Bangladesh. Concurrently, the Company has conducted technical exchanges and training upgrades and iterations along the dual tracks of technological innovation and management optimization. Focusing on addressing
programs, steadily expanding its market share. diverse customer needs and core market pain points, the Company leverages IoT and smart manufacturing technologies as one core
foundation to drive the digital and intelligent transformation of the entire production-supply-sales process. Through outstanding
Saudi Arabia Bengal practices and remarkable achievements, the Company has successfully received multiple prestigious recognitions, including the National
Period, we had fully completed the deployment of full-process digitalization and intelligentization, laying a solid digital foundation for
high-quality development and demonstrating our strong capability to drive transformation through innovation and lead industrial
upgrading through intelligent manufacturing.
Intelligent Application Scenarios
The T100 Software supports functions such
as purchase order management, supplier
management, and transfer management, and
enables enterprises to better procure raw
Procure- materials and supplies, thereby ensuring
ment
LB4000 Man-
smooth production operations. Additionally,
agement the software supports modules including
procurement planning, order management,
a n d i n v e n t o ry m a n a g e m e n t , m e e t i n g
enterprises' needs for real-time planning and
utilization of material resources.
The Cloud Warehouse Software supports
f u l l - p ro ce s s wa re h o u s e m a n a g e m e nt ,
including location management, inbound
management, outbound management, and
Ware-
house i n v e n t o ry c o u n t i n g . Th e w a r e h o u s e
Manage- management system, based on barcode
ment
LB3000 Jashore Airport Runway Project in Bangladesh technology, enables automated management
and tracking of inventory.
T100 organizes and centrally manages the
hierarchies and workflows of the production
process, and achieves the standardization
and normalization of production planning
Manu- and organization. Simultaneously, it enhances
facturing
and production efficiency and quality through the
Lifecycle collection of data from production resources
Manage-
ment and the produc tion site, as well as the
comprehensive management and tracking of
the production process.
The After-Sales Service Master Software
enables the collection and management of
after-sales service tasks, as well as customer
complaints and feedback.
Customer
Service
Manage-
ment
The 5G Energy Management and Control
Platform mainly targets primary production
equipment that is legacy and non-networked
Energy (such as cutting machine s and bending
Manage- machines). Equipped with relevant sensors
ment
(monitoring parameters like current, voltage,
and temperature), it collec ts equipment
operating status in real time and uploads it to
the cloud.
The PLM System enables the lifecycle management of design data. Through NAS, drawings are stored hierarchically
by process and workgroup, and dynamically distributed to workshop terminals. Workshop personnel can access 3D
models and process parameters from electronic dashboards in real time via the 5G network, to support visualized
operations for cutting, welding, assembly, quality inspection, and other processes. Design personnel share real-time
updates of drawing modifications with workshop terminals, and abnormal drawing data fed back from the production
line automatically triggers the design iteration process within the PLM System.
Paperless
System
The Welding Cloud Platform mainly realizes
remote monitoring and optimization of the
entire welding process through IoT, big data,
Manage- and intelligent algorithms.
ment of
Welding
Equip-
ment
ESG Management
ESG Goal and Vision
TTM deeply integrates ESG principles into corporate strategy and actively responds to the United Nations Sustainable Development
Goals (SDGs). Through technological innovation, the Company promotes green transformation, adheres to the corporate mission of “To
Create the Best Value for Customers, and Better Life for the Staff”, and is committed to becoming a world-class manufacturer of
transportation engineering equipment while working with partners to promote green manufacturing and sustainable development in the
construction machinery industry.
SDGs Content of SDGs TTM’s Action SDGs Content of SDGs TTM’s Action
Participate in social welfare Build resilient infrastructure, promote inclusive and sustainable Encourage R&D and innovation
End poverty in all its forms everywhere
Contribute to rural revitalization
Protect intellectual property rights
industrialization and foster innovation
Ensure work safety
Ensure healthy lives and promote well-being for all at all ages Conduct occupational
Provide high-quality products
health management
Ensure sustainable consumption and production patterns Protect customers’ rights and
interests
Expand career development
channels
Ensure inclusive and equitable quality education and promote Improve employee training
mechanisms
lifelong learning opportunities for all Implement R&D in Clean Technology
High-level talent reserve and
support policies Keep practicing green operations
Take urgent action to combat climate change and its impacts
Identify climate-related risks and
opportunities
Oppose gender discrimination
Achieve gender equality and empower all women and girls
Care for female employees
Protect, restore and promote sustainable use of terrestrial
Assess the environmental impact of
ecosystems, sustainably manage forests, combat desertification, construction projects
Monitor soil and water conservation
Ensure availability and sustainable management of water and Adhere to water conservation and halt and reverse land degradation and halt biodiversity loss
Conduct compliant treatment of
sanitation for all wastewater
Promote peaceful and inclusive societies for sustainable Standardize corporate governance
development, provide access to justice for all and build effective, Perform compliant operation
Ensure access to affordable, reliable, sustainable and modern Use clean energy
Adherence to business ethics
Promote gas-to-electricity accountable and inclusive institutions at all levels
energy for all conversion
Practice diverse and equal Strengthen the means of implementation and revitalize the Global Build sustainable supply chains
Promote sustained, inclusive and sustainable economic growth, employment
Partnership for Sustainable Development Implement responsible procurement
full and productive employment and decent work for all Protect employees’ legitimate rights
and interests
ESG Risk Management
ESG Governance System
TTM has established a systematic ESG risk management system. With reference to the FRS S1 and IFRS S2 issued by the International
Governance Framework Sustainability Standards Board (ISSB) and relevant domestic guidelines, the Company identifies ESG risks encountered during business
processes, such as environmental management, product quality, and occupational health and safety, and adopts corresponding
response measures while continuously monitoring risk conditions. The Board of Directors effectively fulfills its top-level decision-making
TTM, with a long-term development perspective, continuously advances the development of its ESG governance system and strives to and oversight responsibilities for ESG risk management. It coordinates the identification, assessment, response, and monitoring of ESG
become a benchmark and model for industry development through high-quality ESG practices. The Company integrates ESG into its risks to ensure the implementation and effectiveness of ESG risk management and to strengthen the risk defense line for the Company’s
top-level corporate design, formulates the ESG Work Management Manual, and establishes a three-tier ESG governance structure sustainable development.
encompassing "strategic decision-making – management oversight – execution and implementation". This framework clarifies
responsibilities across all levels and departments, ensuring unified leadership, decision-making, and implementation for all ESG
initiatives. The Board of Directors, as the highest ESG governance body, authorizes the Strategy and ESG Management Committee to
coordinate ESG governance efforts, thereby integrating strategic planning with ESG management. Meanwhile, the Company has
Due Diligence
strengthened the oversight mechanisms by linking executives’ compensations to performance metrics across environmental protection,
social responsibility, product quality, and compliant operations, to enhance the level of ESG management through systematic and The Company is committed to extending ESG risk management throughout the entire business chain. In daily management, we
institutionalized development. comprehensively assess and continuously monitor the performance of suppliers and other relevant entities in areas such as
environmental protection, labor rights, business ethics, and product quality. We continuously enhance the risk resistance capabilities in
key links such as supply chain management and major cooperation, and work together with all stakeholders to promote sustainable
Level Governance Body Responsibilities
improvement throughout the entire value chain.
Review and monitor major ESG-related matters of the Company, including ESG Training
Board of Directors ESG goals and strategic planning, ESG governance structure, management
systems, ESG reports, etc.
TTM prioritizes ESG capability development. During the Reporting Period, the Company engaged third-party institutions to conduct ESG
training for directors, executives, and employees at all levels. The training systematically explained ESG principles, standards, and
practical requirements, while also reviewing recommendations for ESG improvement. It strengthened ESG awareness and competency
Oversee the operation of sustainability systems across all business across the organization, driving the deep integration of ESG principles into daily operations and business practices. In 2025, the Company
segments, coordinate ESG management initiatives, research and propose offered 3 ESG training sessions for 468 (person-times) participants.
Decision-Making
Strategy and ESG
Level improvements to ESG management systems, identify and monitor
Management
ESG-related risks and opportunities with significant business impact, guide
Committe
the Management in implementing appropriate responses, and review ESG
reports and other material disclosures.
Formulate the Company's ESG strategy, objectives, and medium-to-long-term
plans; coordinate and advance the implementation of daily ESG management
ESG Working Group tasks, with regular reporting on ESG progress to the strategic decision-making
body; organize the identification and assessment of ESG risks and
Management
opportunities, and develop and consolidate response measures.
Assume primary responsibility within the scope of duties, implement ESG
All Departments efforts according to the Company's overall plan, and regularly report on
execution progress.
Executive Level
Specialized Training on Sustainability
Communication with Stakeholders Management of Material Topics
We have established a dynamic communication management mechanism. By expanding two-way communication channels with By reference to the Beijing Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 11 - Sustainability Report (for Trial
stakeholders, we gain a deeper understanding of the needs and expectations of various stakeholders, seek trust and support from all Implementation) (hereinafter referred to as the "the Guidelines"), and based on the characteristics of the industry and the business
parties, and promote the continuous improvement of ESG management. realities of the Company, we conducted a comprehensive assessment of the Company’s performance on various relevant issues to see
whether they will have a material impact (i.e., impact materiality) on the economic, social, and environmental aspects. We also evaluated
whether each topic will have a material effect (i.e., financial materiality) on the business mode, operations, development strategy, financial
Stakeholders Communication Channels Concerns and Expectations Our Action standing, cash flow, financing methods and costs, value chain of the Company. Through such materiality assessment, and with reference
to the relevant requirements of the international mainstream sustainability reporting standards, the Company conducted the materiality
Government Coordination Compliant Operation and Risk Improve the corporate
assessment of the issues in the issue library, The specific implementation steps are as follows:
Committee Management governance system
Cooperation with Regulatory Anti-Commercial Bribery and Accept regulatory review
Inspections Anti-Corruption Pay taxes in a timely and full
Government and Regulatory Regular Disclosure Anti-Unfair Competition manner Materiality Assessment Process Assessment Method
Agencies Party Leadership Enhance ESG management
ESG Management
Step 1:
· Analyze the background of the Company based on global macro trends, China's
General Meeting of Shareholders Governance Conduct continuous and steady industry development trends, the industry in which the Company operates, and the
Learn about the
Information Disclosure Total Risk Management operation
background of the
Company’s business model, and identify the Company’s stakeholders and the
Performance Briefings Compliant Operation Strengthen communication with Company impacts, risks, and opportunities the Company faces.
Telephone/Email/Other Channels investors
Shareholders and Investors Make transparent information
disclosure
Employee training Occupational Health and Safety Offer employee training · Use the 21 topics outlined in the Guidelines as the foundation for the topic list, refer
Employee Satisfaction Survey Production Ensure employees’ compensation Step 2: to international mainstream sustainability reporting standards such as GRI, and
Annual Summary and Employee Employee Training and Development and benefits Conduct preliminary consider related topics from domestic and international peers, align with the
Recognition Conference Employees’ rights, interests and Strengthen occupational health topic screening Sustainable Development Goals (SDGs) of the United Nations, establish 2025 ESG
Employees Employees’ Morning Meetings benefits management topic library consisting of a total of 28 topics.
Rationalization Suggestions Conduct employee care activities
High-Level Visits Safety and Quality of Products and Improve the customer service
Customer Exchange Meetings Services management system
Industry Exhibitions Innovation-Driven Development Provide high-quality services
· Impact Materiality Assessment
Daily Communication with Data Security and Customer Privacy Respond to customer needs
Customers Customers Protection Ensure information security Efforts were made to identify the potential or actual positive or negative impacts of
Environmental Protection Initiatives Response to Climate Change Develop low-carbon products each issue on the external environment, society, and economy. A survey was
conducted among stakeholders in the form of questionnaires, with 171 responses
Supplier Forums and Visits Supply Chain Security Build sustainable supply chains Step 3: collected. Expert judgment was combined to assess issues with significant impact.
Supplier Management and Equal Treatment of Small and Implement responsible Assess the
Evaluation Medium-Sized Enterprises procurement
materiality of topics · Financial Materiality Assessment：
Daily Communication with Suppliers Anti-Commercial Bribery and Identify and assess the risks and opportunities under relevant topics, and find out
Partners
Anti-Corruption topics with financial materiality, based on the analysis of impact, dependence, and
other factors, in combination with expert judgment results and the identification and
Industry-University-Research Innovation-driven Development Conduct
evaluation lists from departments.
Cooperation Protection of intellectual property industry-university-research
Industry Exchanges rights cooperation
Industry Collaboration Promote industry development
Industry
Anti-Unfair Competition
Step 4: · Create a list of topics with impact materiality and financial materiality, and ensure
Rural Assistance Activities Rural Revitalization Conduct public welfare activities Identify and approve that the relevant topics are disclosed transparently, balanced, and comprehensively
Volunteer Activities Contribution to Society Participate in volunteer services material topics in the report.
Promotion of Regional Development
Community and Public
Materiality Matrix of TTM TTM’s List of Identified Materiality Topics
Topics
Very high
Statement of Materiality
Materiality of Economic, Social and Environmental Impacts
· Safety and Quality of Products
Materiality and Impact /
Materiality · Responsible Supply Chain
Management
· Occupational Health and Safety
· Waste Disposal
Topics with Financial Materiality
/ / /
· Protection of Employees' Legal · Standardization of Corporate
Rights and Interests Governance
· Anti-Commercial Bribery and
· Employee Training and
Anti-Corruption
Development
· Water Resource Utilization
Topics with Impact Materiality
· Anti-Unfair Competition
rather than Financial Materiality · Data Security and Customer
· Circular Economy
· Due Diligence
Privacy Protection
Financial Materiality Very high
· Communications with
· Contribution to Society
Topics with both Topics with Financial Topics with Impact Topics without Stakeholders
Financial Materiality Materiality rather than Materiality rather than Financial Materiality or
· Rural Revitalization · ESG Management
and Impact Materiality Impact Materiality Financial Materiality Impact Materiality
· Science and Technology Ethics
E S G Topics without Financial
· Protection of Ecosystem and
Materiality or Impact /
Biodiversity · Equal Treatment of Small and
Medium-Sized Enterprises
Management and Interests
Services
Biodiversity
Medium-Sized Enterprises
Standardized
Governance
Strengthening Growth Foundation
Upholding the core values of "Dedication, Refinement, Purification, and Alertness",
TTM has established a scientific and sound corporate governance structure. The
Company adheres to business ethics, attaches importance to risk management,
internal control, and compliance, and insists on operating with integrity and
compliance. We deeply integrate sustainable development principles into the entire
process of operation and management to ensure the Company’s steady
development.
·Standardization of Corporate Governance
·Protection of Investors’ Rights and Interests
·Adherence to Business Ethics
SDGs Responded
Operation Mechanisms
Standardization of Corporate Governance
General Meeting of Shareholders
TTM specializes in asphalt mixing plants and supporting equipment, and establishes standardized, transparent, efficient, and
collaborative corporate governance as the cornerstone for the long-term sustainable development of the Company. Guided by the vision
In strict compliance with relevant systems such as the Company Law, the Rules for General Meetings of Shareholders of Listed Companies,
of building a modern, sustainable, and excellent governance system, we continuously optimize our governance structure and operational
the Articles of Association, the Company formulates and implements the Rules of Procedure for General Meeting of Shareholders, to
mechanisms, integrate compliance, risk management, and internal control systems deeply into all business processes, ensure the
standardize the convention of the General Meeting of Shareholders. The General Meeting of Shareholders adopts a combination of
effective implementation of strategies and consolidate development synergy through high-quality governance. These efforts lay a solid
on-site voting and online voting to safeguard the legitimate rights and interests of shareholders. For major matters that affect the
foundation and strong momentum for the Company’s high-quality and sustainable development.
interests of minority investors, the Company separately counts the votes of minority investors and promptly discloses the results to
ensure that all shareholders enjoy equal status and fully exercise their rights.
Governance Framework
In strict accordance with laws, regulations and regulatory requirements such as the Company Law of the People’s Republic of China (the
"Company Law"), the Securities Law of the People’s Republic of China (the "Securities Law"), the Code of Corporate Governance for Listed
During the Reporting Period, the Company held 2 General Meetings of Shareholders, at which 14 proposals were
Companies, the Rules Governing the Listing of Stocks on the Beijing Stock Exchange, TTM has formulated the Articles of Association of reviewed and approved.
Fujian Tietuo Machinery Co., Ltd. (the "Articles of Association"). We continuously improve our corporate governance structure and enhance
our standardized operations to ensure the healthy, stable, and high-quality development of the Company.
Organization Chart of TTM
Board of Directors
The Company has formulated the Rules of Procedure for the Board of Directors to regulate the deliberation and decision-making
procedures of the Board of Directors and to ensure the efficient and orderly operation of the Board of Directors. During the Reporting
General Meeting of Shareholders
Period, the members of the Board of Directors diligently performed their duties and legally safeguarded the legitimate rights and
interests of the Company and all shareholders. The Board of Directors consists of four specialized committees: the Strategy and ESG
Strategy and ESG Management Committee, the Audit Committee, the Nomination Committee, and the Remuneration and Appraisal Committee. Among
Management Committee them, the convener of the Audit Committee possesses a background in accounting, ensuring scientific decision-making by the Board of
Directors. Each specialized committee operates in accordance with its respective rules of procedure, to provide professional support for
Audit Department Audit Committee
the decision-making by the Board of Directors. No Supervisory Board has been established in the Company. Instead, the Audit
Board of Directors Board Secretary’s Office Board Secretary
Committee exercises the powers of the Supervisory Board as stipulated in the Company Law.
Nomination Committee
Remuneration and Appraisal Committee Diversity
General Manager
The Company adheres to the principle of merit-based appointments. When selecting director candidates, it comprehensively considers
factors such as expertise, skills, experience, as well as gender, age, and cultural background. The Board of Directors consists of 5 directors,
including 1 employee representative director. The members of the Board of Directors possess diversified knowledge structures and
extensive practical experience in fields such as finance, machinery, administrative management, marketing, and the Company’s principal
business areas, providing strong support for scientific and efficient decision-making by the Board of Directors.
Production
Finance Center HR Center Marketing Center Administration Center Technology R&D Center
Operations Center
Board Diversity
Human Resources Department
Customer Service Department
Administration Department
Production Management
Production Department
International Marketing
Quality Management
Finance Department
Domestic Marketing
Supply Department
Education
R&D Department II
Digital Intelligence
Digital Intelligence
Digital Intelligence
R&D Department I
Age
Department III
TTM Academy
Department II
Department I
Department
Department
Department
Department
Background
Independence Remuneration Management
The Company has formulated and implemented the System of Work of Independent Directors and the Special Meeting System of TTM has formulated the Management System for the Remuneration of Directors and Officers to regulate the remuneration management
Independent Directors to regulate the selection and performance procedures of independent directors. Independent directors play roles of directors and officers. The remuneration distribution for the Company's directors and officers adheres to the fundamental principles,
in decision-making, supervision, checks and balances, and professional consultation within the Board, to ensure that the decisions of the such as: making distribution according to contributions, matching responsibilities, authority, and benefits, linking individual income to
Board of Directors align with the overall interests of the Company and protect the legitimate rights and interests of minority shareholders. corporate performance and work objectives, and aligning remuneration with the Company's long-term interests. The remuneration level
Independent directors conduct an annual self-assessment of their independence and submit the self-assessment report to the Board of of directors and officers is closely linked to the Company’s operating performance, job responsibilities of individual employees, and
Directors. The Board of Directors evaluates the independence of incumbent independent directors and issues a special opinion every personal performance assessment results. The allowance scheme for directors and the annual remuneration scheme for officers are
year, which is disclosed at the same time as the annual report. As of the end of the Reporting Period, the Company had 2 independent respectively subject to the review and approval procedures by the General Meeting of Shareholders or the Board of Directors, to ensure
directors, accounting for 40% of the total directors. the standardization and transparency of remuneration decisions.
During the Reporting Period, the Company paid remuneration and allowances to directors and officers in accordance with applicable
regulations, and there were no instances of irregular salary payments or violations of laws, regulations, or the internal rules of the
Specialized Committees under the Board of Directors Proportion of Independent Directors Company.
Audit Committee 67% Compliance Construction
Nomination Committee 67% Compliance Management
Remuneration and Appraisal Committee 67% Compliant operation is the cornerstone of corporate development. TTM has established the Corporate Integrity
Management Procedures to build a systematic compliance management framework. The Company strictly
complies with national laws and regulations regarding quality, safety, environmental protection, and labor
employment, ensuring product and service quality and safeguarding consumer rights and interests, while fulfilling
statutory obligations such as paying taxes in full and on time. Simultaneously, the Company actively cultivates a
culture of compliance, improves the compliance management system, and integrates internal audit, external
audit, risk management, and internal control into a coordinated framework to form an effective compliance
management mechanism that penalizes violations and prevents non-compliance incidents.
During the Reporting Period, the Company convened 5 meetings of the Board of Directors, (at which 30 proposals
Internal Control
were reviewed and approved, with the attendance rate of directors being 100 1 %), special meeting of
In accordance with the requirements of applicable laws and regulations such as the Basic Standards for Enterprise
Internal Control, the Company has established and improved its internal control and internal audit systems and
formulated the Internal Audit System. The Board of Directors is responsible for establishing, improving, and
independent directors (at which proposal was reviewed), meeting of the Strategy and ESG Management Committee effectively implementing the internal control system; the internal audit function independently exercises its
authority, reports directly to the Board of Directors, and accepts the supervision and guidance of the Audit
(at which 1 proposal was reviewed), 3 meetings of the Audit Committee (at which 12 proposals were reviewed), 1 Committee. The internal audit department strictly follows relevant requirements to inspect and evaluate the
completeness and effective implementation of internal control systems at the Company and its branches; audit
the legality, compliance, and authenticity of financial receipts and expenditures and related economic activities;
meeting of the Remuneration and Appraisal Committee (at which proposals were reviewed). The Nomination Committee assist in establishing and improving anti-fraud mechanisms; supervise the use of raised funds; cooperate with
external audits; and prepare internal control self-assessment reports. For major internal control deficiencies or
risks identified during audits, the internal audit department will promptly report them to the Audit Committee, and
did not hold a meeting. the Board of Directors will urge the implementation of corrective measures.
Each year, the Company conducts comprehensive and in-depth assessments of internal control effectiveness and
truthfully discloses the Internal Control Self-Assessment Report. Additionally, the Company engages an accounting
firm annually to audit the effectiveness of internal controls related to financial reporting. During the Reporting
Period, there were no material deficiencies in the Company’s internal control, and effective internal control was
maintained in all major areas.
Risk Management Tax Management
The Company actively advances risk prevention and governance by formulating the Risk and Opportunity Control
To standardize tax management and control tax risks, TTM has formulated the Tax Management System. The
Procedure, which clarifies risk classification and management processes and establishes a standardized and
system designates the Company's Chief Financial Officer as the overall responsible person for tax management,
effective risk control system to provide a solid foundation for the Company’s stable operation. The General
establishes dedicated tax management positions and personnel, standardizes tax management processes, and
Manager is responsible for approving response plans for risks and opportunities. The General Manager's Office
prevents tax violations.
identifies and evaluates internal and external environmental factors, develops response solutions for risks and
opportunities, and oversees their implementation. Relevant departments are responsible for obtaining TTM has established a systematic tax risk management process. Through regular identification and assessment of
information on internal and external environmental factors and fulfilling responsibilities related to risk and tax risk points throughout the entire operation process, the Company formulates targeted response strategies
opportunity response planning. and internal control measures to establish a closed-loop management mechanism. In the tax accounting process,
the Company ensures standardized accounting practices and accurate data by strictly following national tax
The Company has established a regular risk identification mechanism to periodically identify and review risks,
regulations and accounting standards for enterprises. For tax declaration, the Company consistently submits
including quality risks, environmental and occupational health and safety risks, operational risks, market risks, and
returns on time and with precision, and actively seeks and utilizes tax incentives to achieve rational control of tax
financial risks. Identification nodes cover key scenarios such as management system planning, strategic changes,
costs. In terms of invoice management, the Company strictly follows relevant national regulations to standardize
and changes in internal and external environments. We evaluate risks by analyzing their severity, likelihood of
the entire process of invoice issuance, acquisition, and storage, ensuring lawful and compliant document
occurrence, and difficulty of resolution, and develop differentiated response strategies including risk avoidance,
management. Additionally, the Company regularly organizes specialized training for financial personnel on tax
risk mitigation, and risk acceptance. Prior to management review, the Company conducts comprehensive
regulations and tax-related operations to continuously strengthen the professional capabilities of the tax
post-action assessments of all response measures to ensure that risk management objectives are effectively
management team and consolidate the foundation of tax compliance management.
achieved.
Case: Training on Prevention and Control of Labor Risks Management of Related Transactions
In October 2025, to enhance compliance in employment practices, TTM organized training on employment risk prevention and In accordance with the Company Law and the Articles of Association, TTM has formulated the Related-Party
control. The training systematically analyzed risk points across all stages of employment, including recruitment prohibitions, labor Transaction Management System, which clarifies the objects, types, decision-making procedures, and information
contract signing, wage payments, working hours and overtime, rest and leave, work-related injury handling, and resignation disclosure requirements for related-party transactions to ensure their legality, fairness, and reasonableness. The
management, and proposed specific risk prevention and control measures. Company has established strict decision-making and recusal procedures. Directors with related interests must
abstain from voting when the Board reviews related-party transactions, and related shareholders must also
abstain when such matters are reviewed at the General Meeting of Shareholders.
Prevention and Control of Employment Risks
Protection of Shareholders’ Rights and Interests
Protection of Investors’ Rights and Interests
TTM has formulated the Profit Distribution Management System to establish a scientific, sustainable, and stable distribution mechanism
Regarding all investors as companions in corporate growth and partners in shared development, TTM adheres to the standards of and enhance the transparency of profit distribution. The Company's profit distribution policy maintains continuity and stability while
standardized operation for listed companies and continuously improves the management system for protecting the rights and interests balancing the long-term interests of the Company, the overall interests of all shareholders, and the sustainable development of the
of investors. Leveraging multi-channel interactive platforms, the Company delivers professional, timely, accurate, and comprehensive Company.
disclosures to authentically convey the information on strategic layout, operating results, and industry development prospects. We also 1 2
place high importance on investor opinions and suggestions, continuously improve the management of investor relations, actively listen Metrics Unit 2023 2024 2025
to market feedback, and effectively safeguard all shareholders' rights to information, participation, and returns, to create long-term value
with investors. Cash Dividend per Share RMB 0.30 0.25 0.15
Total Cash Dividend RMB 20,039,700.00 23,101,311.25 13,860,786.75
Information Disclosure
Proportion of Net Profit
Attributable to Shareholders in
In strict compliance with the Measures for the Administration of Information % 31.93 45.14 28.77
Consolidated Financial
Disclosure by Listed Companies, the Rules Governing the Listing of Stocks on the
Statements
Beijing Stock Exchange and other related rules, the Company has formulated
systems such as the Measures for the Administration of Information Disclosure 1
The statistical scope covers the fiscal year in which cash dividends are distributed, consistent with that of the annual report.
and the Management System for the Suspension and Exemption of Information In 2025, the Company disclosed periodic
The relevant data in the 2025 profit distribution plan are proposed figures subject to the plan approved at the Company’s 2025 Annual
Disclosure to regulate information disclosure and clarify internal information
General Meeting of Shareholders.
transmission, review, and disclosure processes. The Company adheres to the
reports and interim announcements.
principles of truthfulness, accuracy, completeness, timeliness, and fairness
during information disclosure to ensure investors are promptly informed of the
development dynamics of the Company.
During the Reporting Period, the information disclosure of the Company was
rated "B", subject to no regulatory penalties for non-compliance.
Adherence to Business Ethics
TTM always adheres to the bottom line of business ethics and compliant
operations, upholds the core values of integrity and self-discipline, and has
established a multi-level business integrity system covering the entire value
Investor Relations Management chain. Through comprehensive internal control systems, systematic risk
prevention measures, and regular integrity education, the Company has not only
To deepen two-way communication with investors and enhance investors’ understanding and recognition of the Company, fortified internal anti-corruption defenses but also extended integrity
TTM has formulated and implemented the Investor Relations Management System which effectively protects the legitimate requirements to supply chain partners, demonstrating an unwavering
rights and interests of investors, especially public investors, thus promoting the establishment of long-term and stable commitment to fair competition and sustainable development.
relationships between the Company and its investors.
The Company has established diversified investor communication channels to enable convenient and efficient
communications with investors. Investors can communicate regularly with the Company through channels such as the
hotlines and emails for investor service, and the investor relations interaction platform. Additionally, the Company regularly
Anti-Bribery and Anti-Corruption
organizes performance briefings, analyst meetings, and General Meeting of Shareholders, both offline and online, to
proactively disclose operational information and address investors’ concerns. Integrity System
TTM consistently adheres to compliant operations and upholds business ethics, in strict compliance with anti-corruption laws and
regulations in all countries and regions. The Company has established internal management systems such as the Anti-Corruption and
In 2025, the Company hosted on-site investor visits (with a % response rate to investor inquiries), conducted open Anti-Bribery System and the Anti-Fraud Mechanism to standardize the professional conduct of all employees, thus fostering a fair and
clean business environment from top to bottom. Simultaneously, the Company's Anti-Corruption and Anti-Bribery System sets behavioral
exchange with investors through a performance briefing and a collective reception day event, and engaged in 20 standards for suppliers and other partners, clearly defining the responsibilities and obligations of all parties.
We have established and continuously refined our anti-fraud compliance system. The Board of Directors oversees the approval and
supervision of overall policies, with the Audit Committee specifically responsible for anti-fraud initiatives. The Audit Department serves
communications with investors via the investor relations interaction platform.
as the permanent anti-fraud body, handling daily oversight and whistleblowing.
Integrity Risk Management Whistleblowing Channels
The Company has established an integrity risk management mechanism covering employees and partners, and conducts comprehensive TTM has established diversified whistleblowing channels combining online and
Whistleblowing Channels:
inspections of integrity risks on an irregular basis. We immediately take measures to block any identified commercial bribery risks and offline methods, encouraging employees, partners, and other stakeholders to
prevent their spread. During the Reporting Period, no major penalties related to commercial bribery or corruption occurred in the actively report or file complaints about any possible or actual corruption or
Company. Whistleblowing Hotline：0595-22081677
bribery. All whistleblowing cases are centrally received by the Audit Department.
For those cases meeting relevant criteria, the Company establishes a dedicated
Regarding supplier integrity management, TTM signs the Commitment of Supply and Demand Enterprises (Individuals) to Integrity and Whistleblowing Email：tietuo@fjttm.com
investigation team to conduct thorough inquiries. If violations are substantiated,
Anti-Corruption with suppliers, explicitly prohibiting any form of gift-giving, kickbacks, or improper benefit transfers. The Company has
disciplinary actions will be taken, or the case will be referred to, judicial
established strict breach-of-contract liability clauses and publicly discloses the contact information of the Chairman and the General
authorities.
Manager as complaint channels. Severe financial penalties and permanent termination of cooperation are imposed for violations,
thereby fortifying integrity defense lines and ensuring the integrity and sustainability of supply chain partnerships. The Company stric tly implements a whistleblower protec tion policy.
Whistleblowers may choose to report anonymously or under their real names.
We strictly protect the identity information of whistleblowers and take measures
to prevent retaliation, monitor and intervene in potential retaliatory behaviors,
and fully safeguard the legitimate rights and interests of whistleblowers.
In 2025, a total of 277 suppliers signed the integrity agreement, with a signing rate of 75
%.
Anti-monopoly and Anti-unfair Competition
TTM strictly complies with laws and regulations related to anti-monopoly and
Training on Integrity unfair competition and adheres to responsible marketing. The Company
stipulates requirements for market competition in the Integrity Management
TTM prioritizes integrity awareness development and regularly formulates business ethics training plans. The training covers the System, such as not cooperating with enterprises known to have poor credit
explanations of legal and regulatory requirements and the promotion of integrity awareness, effectively strengthening the compliance standing and ensuring that contract contents strictly comply with applicable laws In 2025, the Company offered one training
awareness of all employees and creating a professional environment that advocates integrity. and regulations. This guarantees equality and mutual benefit, prevents unfair
competition, and fosters a market environment characterized by integrity and fair session on anti-monopoly and fair
competition. The Board of Directors serves as the highest decision-making body
for anti-monopoly compliance management and designates senior management
personnel as compliance officers to coordinate and advance the Company’s competition for 30 participants, with
In 2025, the Company offered 2 anti-commercial bribery and anti-corruption training sessions for 33 participants,
anti-monopoly compliance management efforts. The Company implements an
internal integrity education program, and regularly provides anti-monopoly and a total training duration of 30 hours.
fair competition training for marketing-related employees to enhance their
including 3 directors and 30 officers. awareness of honest marketing and safeguard corporate credibility. During the
Reporting Period, no major litigation events related to unfair competition or
anti-monopoly occurred in the Company.
Case: Training on Laws and Regulations Concerning Duty-Related Crimes
On February 8, 2025, TTM invited the People’ s Procuratorate of
Luojiang District to provide legal training for all marketing
personnel of the Company on internal duty-related crimes in
private enterprise s. The training covered definitions of
commercial bribery and corruption, the importance of
anti-commercial bribery and anti-corruption efforts, and
strategies to avoid involvement in such misconduct in the
workplace. This helped establish proper professional ethics for
employee s and ensured corporate and individual legal
compliance.
Training on Laws and Regulations Concerning Duty-Related Crimes Training on Anti-Unfair Competition
Low-Carbon
Operations
Safeguarding a Green Future
Guided by China's "carbon peaking and carbon neutrality" strategy and grounded in
the characteristics of the road construction and maintenance machinery industry,
TTM deeply integrates green and low-carbon concepts into the entire value chain,
covering corporate strategy, technological R&D, production operations, and supply
chain management. Through technological innovation, end-to-end process
optimization, and responsible stewardship, we drive green transformation for both
the Company and the industry, achieving coordinated improvements in economic,
ecological, and social benefits.
·Response to Climate Change
·Environmental Compliance Management
·Resource Management
·Ecosystem and Biodiversity Protection
SDGs Responded
铁拓机械坚持"敬业、精制、净心、警醒"的核心价值观，构建科学合理的公司治理
架构，恪守商业道德，重视风险内控合规，坚持诚信合规运营，将可持续理念深度
融入经营管理全流程，保障公司稳健发展。
Strategy
Response to Climate Change
In accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and in combination with its
Embracing the mission for green development and responding to the demands of the climate change era, TTM resolutely shoulders the own technologies and global presence, TTM identifies the impacts of climate change on the Company from both physical risks and
responsibility of manufacturing enterprises in addressing climate change. With strategic determination anchoring the direction of transition risks, and actively adopts response measures to support the green, low-carbon, and sustainable development of the Company.
low-carbon transformation and innovative vitality addressing climate challenges, the Company implements systematic,
multi-dimensional, and phased initiatives that make the response to climate change a core driving force for corporate development,
empowering the industry to move toward greener and more innovative growth. Type of Risk Description of Likelihood of Impact Expected Financial
Countermeasures
/Opportunity Risk/Opportunity Occurrence3 Duration 4 Impact
Governance Extreme weather events such as heavy Increase in supply 1. Develop emergency response plans;
rain, floods, hurricanes, and heat chain costs, and
Acute 2. Monitor meteorological information and
waves may directly damage the Medium Short Term revenue loss due to
TTM has formulated systems such as the Climate Change Response Management Measures risks
Company’s production facilities and production or service
promptly issue typhoon prevention notices;
and the Green and Low-Carbon Management Manual. These systems integrate supply chain. disruptions 3. Establish a diversified supply chain.
Physical
climate-related functions into the ESG governance framework, clarify the responsibilities of
Risks
the Board and the Management, and standardize greenhouse gas (GHG) verification Rising sea levels, increasing 1. Establish a long-term environmental
processes to ensure efficient carbon management operations. During the Reporting Period, temperatures, and changes in Medium monitoring system;
Chronic Increase in operating
the Company invited a third-party institution to conduct an audit of the green and precipitation patterns may gradually Medium and Long 2. Adjust product design and service
Risks costs
affect the Company’s operating Term content according to the impacts of
low-carbon management system, calculate GHG emissions from July 2024 to June 2025, environment. climate change.
and issue a Green and Low-Carbon Management System Audit Report.
Governments may introduce stricter and international climate-related policies
Policy carbon emission regulations, carbon Failure to meet and regulations and promptly interpret
Short and their impact on the Company’s business;
and tax policies, and restrictions on requirements may
High Medium
Legal high-energy-consuming industries, result in fines and 2. Formulate and implement carbon
Term
Risks increasing the Company’s compliance increased costs. emission management plans and optimize
Board of Directors Carbon Management System costs and operational risks. production processes to reduce carbon
Certification Certificate emissions.
Transition
Serve as the highest Risks
Peer companies are accelerating the
governing body for Strategy and ESG development of green technologies Encourage R&D innovation and establish
sustainable development Management Committee and narrowing technological gaps. Short, cooperative relationships with research
Tech-
and climate risk The Company may face technical
High
Medium Increase in costs, and institutions, universities, or other
nology
Assume responsibility for challenges, high costs, or immature and Long reduction in revenues enterprises to jointly develop or introduce
management, review and Risks
technologies when developing or Term mature environmental protection
approve climate-related assessing and managing adopting new environment-friendly technologies.
policies, strategies, and climate-related risks and ESG Working Group technologies.
goals, consider opportunities, explore
climate-related risks and strategic research on climate Develop climate-related risk 1. Continue R&D innovation, optimize
The customer's preference for
Short, product structure, and develop green
opportunities, and oversee change, oversee the management policies, Products low-carbon equipment is increasing, Expansion of market
Medium products;
the disclosure of Company's climate-related and and a differentiated competitive High share, and increase in
standards, and requirements; and Long 2. Strengthen communication with
Services advantage can be created through the operating income
climate-related risks. strategy planning, establish provide climate Term customers and promptly understand their
development of green products.
effective mechanisms to management approaches, needs.
Oppor-
ensure implementation of tools, processes, training, tunities
climate-related actions, and The improvement of resource
and guidelines to all
utilization efficiency, such as the Short,
regularly report departments; and evaluate Resource optimization of production processes
Improve resource recycling rates and
Medium Reducing Operational
High promote the development of a circular
climate-related risk issues the effectiveness and Efficiency and the recycling of raw materials, and Long Costs
economy model.
and implementation reduces production costs and Term
appropriateness of
minimizes environmental impacts.
progress to the Board of climate-related risk
Directors. management. 3
Likelihood of occurrence refers to the frequency or probability of a risk/opportunity occurring, primarily based on historical occurrence
probability, external scenarios, progress in policy implementation, and expert predictions. The likelihood of occurrence ranges from
"low" to "high".
The Impact Duration refers to the different periods when different climate-related risks and opportunities will affect the Company. The
Company categorizes the impact duration into short-term (0-1 year), medium-term (1-5 years), and long-term (over 5 years).
Impact, Risk, and Opportunity Management
TTM continuously improves the identification, assessment, and management of climate-related risks and opportunities, persistently Greenhouse Gas Emission Management
enhances climate-related risk response capabilities, explores the value of low-carbon development, and achieves deep integration
Focusing on core businesses, TTM intensifies R&D on carbon reduction technologies, and reduces carbon emissions in product
between climate management and high-quality corporate development.
production and application at the source through technological innovation. The Company optimizes production processes by integrating
previously scattered component processing steps and reducing intermediate transportation stages, which can reduce carbon dioxide
emissions by 10-20 tons after optimization. The replacement of traditional high-energy-consuming motors with high-efficiency
Climate Change Risk and Opportunity Management Process energy-saving motors can reduce carbon dioxide emissions by 80 tons per year, and the introduction of intelligent control systems to
monitor and optimize the operating parameters of mixing plants in real time ensures optimal operation conditions and reduces carbon
dioxide emissions by 25–50 tons.
In addition, the Company actively uses clean energy, and replaces traditional high-carbon fuels such as coal with natural gas, to further
reduce carbon emissions during production.
Metrics 5 Unit 2025
Direct GHG Emissions (Scope 1) tCO₂e 265.29
Risk and Opportunity Identification Risk and Opportunity Assessment Risk and Opportunity Management
Closely monitor international, Conduct analysis and assessment Formulate response strategies Direct GHG Emissions (Scope 1) per Million Yuan of Operating Revenue tCO₂e 0.71
national, and local climate policies across dimensions such as based on the assessment results
and regulatory developments, sort likelihood of occurrence, impact of climate-related risks and
Indirect GHG emissions (Scope 2) tCO₂e 1,194.94
out the types and quantities of duration, and expected financial opportunities and continuously
energy use and carbon emission impact according to the list of monitor implementation
data of the Company, and identify identified climate-related risks effectiveness. Adjust strategies
Indirect GHG Emissions (Scope 2) per Million Yuan of Operating Revenue tCO₂e 3.18
potential risks and opportunities and opportunities, and determine and plans promptly based on
based on expert knowledge and risk materiality and opportunity monitoring results to ensure Total GHG Emission (Scope 1 and Scope 2) tCO₂e 1,460.23
experience. priority. effective management of
climate-related risks and Total GHG Emission per Million Yuan of Operating Revenue (Scope 1 and Scope 2) tCO₂e 3.89
opportunities.
The Company's greenhouse gas accounting is carried out in strict accordance with normative documents including Appendix II of the
Guidelines for Accounting and Reporting of Greenhouse Gas Emissions by Mechanical Equipment Manufacturing Enterprises (for Trial
Implementation), the General Principle for Calculation of Comprehensive Energy Consumption (GB/T 2589-2020), reference coefficients
Metrics and Targets for converting various types of energy into standard coal in Appendix 4 of the China Energy Statistical Yearbook, the 2023 Power Sector
CO₂ Emission Factors, and the China Electric Power Industry Annual Development Report 2024.The core calculation logic of the
TTM has established a carbon reduction target system covering short-, medium-, and long-term goals based on carbon emissions accounting is Activity Data × Emission Factor, with data statistics and quantification primarily conducted for two types of emission
across all processes—from the procurement of raw materials, to the manufacturing, transportation and usage of the products, to provide sources: stationary sources and mobile sources. This calculation currently excludes industrial process emissions and fugitive emissions.
clear direction and pathways for carbon reduction efforts at each stage. The Company has set the goal of achieving "carbon peaking by The calculated results have not been verified by a third-party verification institution.
The accounting scope for direct GHG emissions (Scope 1) covers emissions generated from the combustion of liquefied petroleum gas,
development of the entire industry.
gasoline, and diesel within the Company’s operational boundaries; indirect GHG emissions (Scope 2) cover emissions resulting from the
Company’s consumption of purchased electricity.
Environmental Compliance Management Strategy
TTM leads the industry in green development through outstanding environmental practices, and deeply embeds sustainable concepts TTM actively identifies environmental impacts related to production and operations, and promptly adopts improvement measures to
into corporate strategy and daily operations. Through comprehensive initiatives such as promoting cleaner production, strengthening prevent and effectively control adverse environmental factors.
pollutant control, and enhancing waste recycling, the Company not only continuously optimizes environmental indicators but also
demonstrates its leadership in environmental protection and advanced management as a responsible enterprise.
Type of Risk Description of Likelihood of Impact Expected Financial
Countermeasures
/Opportunity Risk/Opportunity Occurrence Duration Impact
Environmental Management System
government departments and promptly
With increasingly strict government
Governance environmental policies and regulations,
follow updates to the laws and regulations
concerning environmental protection;
Policy the Company may face substantial Increase in operating
Risks High Short Term
Risks fines and litigation compensation if costs 2. Maintain and update environmental
In line with the philosophy of "green, environment-friendly, and sustainable non-compliant emissions occur. protection facilities in a timely manner.
development", and in strict compliance with applicable laws and regulations such 3. Regularly carry out investigations of
as the Environmental Protection Law of the People’s Republic of China, TTM has potential environmental hazards.
formulated the Quality, Environment, and Occupational Health and Safety
Management Manual and a series of environmental management procedure Tighter enforcement of environmental
regulations has significantly raised
documents including the Waste Liquid, Waste Gas, Noise, and Solid Waste emission standards and environmental 1. Enhance waste gas monitoring at heat
Management Procedures. We continuously refine our environmental management assessment requirements for heat treatment facilities once a year;
Market
system to proactively minimize the potential environmental impacts of our Oppor- treatment operations. By strengthening
Oppor- Medium Long Term Revenue increase 2. Implement the sorted collection and
tunities environmental management to ensure
operations. tunities
compliance, the Company can gain a
processing of solid waste to ensure
compliant disposal.
competitive edge in the market and
The Board of Directors guides environmental compliance management work. The further expand its market share.
General Manager bears the ultimate responsibility for environmental
management and provides resource support for establishing, implementing, and
maintaining the environmental management system. The Administration Center
and the Production Operations Center jointly handle daily management tasks
Impact, Risk, and Opportunity Management
such as environmental monitoring, risk identification, and emergency response.
During the Reporting Period, the Company passed ISO14001:2015 Environmental
Management System certification and was not subject to any penalties for Identification and Assessment of Environmental Factors
violating any laws and regulations concerning environmental management.
Environmental Management System TTM has established the Procedure for Identification, Evaluation, and Control of Environmental Factors and Hazard Sources to identify
Certification Certificate and evaluate internal and external environmental factors, compile a list of influencing factors, implement hierarchical control for
identified key environmental factors, and formulate corresponding risk prevention and control measures.
In addition, TTM continuously promotes cleaner production by adopting Emergency Drills
environment-friendly materials, optimizing production processes, and
In 2025, the Company’s
strictly controlling emission standards to reduce the environmental
impact of production activities. In 2025, the Company was successfully investment in environmental TTM has formulated documents such as the Emergency Response Plan for Environmental Emergencies and the Preventive Measures
included in the List of Green Factories 2024 by the Ministry of Industry and Emergency Response Plan for Hazardous Waste Accidents. An Emergency Command Center has been established to
protection amounted to RMB
and Information Technology. standardize emergency management and response procedures for environmental incidents, ensuring clear responsibilities and
orderly responses. In addition, the Company regularly organizes environmental emergency drills to test the feasibility and
effectiveness of emergency plans and promptly identify and address potential issues. In 2025, the Company organized a total of 2
environmental emergency drills.
Metrics and Targets Pollutant Emissions
Each year, TTM analyzes and evaluates the environmental management performance in the previous year, establishes environmental
In the principle of "source reduction, process control, and end-of-pipe treatment" and in strict compliance with applicable laws and
management goals for the following year, and regularly tracks progress toward these goals to drive continuous improvement in
regulations, including the Law of the People's Republic of China on the Prevention and Control of Water Pollution and the Law of the
environmental management.
People's Republic of China on the Prevention and Control of Atmospheric Pollution, TTM systematically advances pollutant discharge
management. To ensure compliant emissions, the Company strictly implements monitoring mechanisms, regularly conducts
self-monitoring of pollutants, and entrusts qualified third-party institutions to conduct tests to ensure that pollutant emissions comply
with national and local regulations on environmental protection. During the Reporting Period, the Company achieved a 100% compliance
Wastewater Emission Compliance Rate: 100% Solid Waste Disposal Rate: 100% Dust Emission Compliance Rate: 100% rate for pollutant emissions.
Achieved Achieved Achieved Pollutant Management Measures
Wastewater Management
Training on Environmental Protection Production wastewater is recycled for reuse after treatment through the processes of "slag separation and sedimentation +
equalization tank + secondary sedimentation + coagulation sedimentation tank + slag separation tank (coarse and fine filter) +
TTM prioritizes enhancing employees' environmental awareness through training activities such as environmental awareness campaigns clean water tank".
and environmental regulation studies. The Company is committed to integrating environmental concepts into employees' daily practices
to promote sustainable corporate development.
Waste Gas Management
For air pollutants such as toluene, xylene, benzene compounds, nitrogen oxides, and non-methane hydrocarbons, the
Company uses a waste gas treatment line consisting of "water swirl spraying + three-stage dry filtration + activated carbon
In 2025, the Company organized sessions of training on adsorption – thermal air desorption regeneration – catalytic combustion", which increases the utilization rate of activated
carbon and reduces the generation of waste activated carbon while improving treatment efficiency.
environmental protection for (person-times) participants, with
For particulate matter, the Company is equipped with bag filters and mobile dust collectors for treatment.
a total training duration of 45 hours.
Noise Management
Noise testing is carried out regularly to ensure that factory noise does not exceed
emission standards.
Waste Water
Unit 2023 2024 2025
Emission Indicator
Total Water Emission 10,000 m? 0.7367 1.2516 1.1728
Chemical Oxygen Demand (COD) Ton 0.1205 0.2597 0.18247
Ammonia Nitrogen (NH3-N) Ton 0.0023 0.0036 0.00238
Total Nitrogen (TN) Ton 0.0503 0.1448 0.0939
Total Phosphorus (TP) Ton 0.0007 0.002 0.002
Training on Environmental Compliance
Waste Gas Metrics Unit 2023 2024 2025
Unit 2023 2024 2025
Emission Indicator
Total Waste Generation Ton 1,390 1,366 933.83
Total Exhaust Emissions 10,000 m? 32,894.8 39,726 43,477
Nitrogen Oxides (NOX) Emissions kg 1.5995 1.5995 1.6624 Total General Waste Ton 1,384.10 1,360.91 926.15
Sulfur Oxides (SOX) Emissions kg 1.5995 1.5995 2.02 Total Hazardous Waste Ton 5.90 5.09 7.68
Volatile Organic Compounds
(VOC) Emission
kg 3,576 4,928 3,647
TTM integrates waste prevention into every stage of product design, manufacturing, and supply chain management, striving to
fundamentally reduce waste generation. We systematically advance waste reduction at the source and improving resource
Particulate Matter (PM) Emissions kg 3,639.6 4,210 3,844.3
recycling levels by continuously optimizing production processes and strengthening material usage control. The Company has
introduced advanced laser cutting machines and Lantek programming and nesting software to achieve precision cutting and
optimized layouts, reduce metal scrap generation during production. During the Reporting Period, the Company implemented
Management of Wastes various measures to improve steel utilization, effectively reducing the amount of waste generated during the production process.
In terms of chemical management, the Company has formulated the Chemical Hazard Management System. Starting from key
In strict compliance with applicable laws and regulations, including the Law of the People's Republic of China on Prevention and Control stages such as production use, storage management, loading and transportation, and disposal, we strictly regulate chemical
of Environmental Pollution by Solid Wastes, TTM has established management systems such as the Waste (General Solid Waste) management to effectively prevent safety accidents in transportation, storage, use, and subsequent handling processes.
Management System and the Hazardous Waste Management System to standardize disposal processes for general and hazardous waste
and rigorously implement full-process control covering classification, labeling, storage, entrustment, and disposal. Concurrently, the
Company enhances employee education and training to improve employees’ awareness and participation in waste classification.
Waste Management Measures
General Wastes
The general waste generated by the Company primarily includes scrap iron, iron filings, etc. Resource Management
Recyclable waste is sold to recycling enterprises for secondary processing into usable finished products.
TTM strengthens innovative resource management practices and deepens resource utilization potential. By optimizing resource inputs at
Non-recyclable general solid waste and domestic waste are entrusted to qualified municipal sanitation units for the source, enhancing utilization efficiency during processes, and promoting resource recycling at the end, the Company implements the
transportation and disposal. carbon peaking and carbon neutrality strategy through full-chain resource optimization. This embeds resource-intensive concepts into
its operational DNA, paving a high-quality path of symbiotic ecological development.
Hazardous Wastes Resource Management System
Hazardous waste generated by the Company primarily includes paint residue, waste sludge, and spent filter cotton; Governance
Hazardous waste generated during production is transported to designated hazardous waste storage facilities and
entrusted to qualified third-party entities for disposal; Adhering to the energy management principle of "Compliance with Regulations, Clean Production, Energy Efficiency Enhancement, and
Continuous Improvement", and in strict compliance with national and local laws and regulations, including the Energy Conservation Law
Hazardous waste storage ledgers are established to truthfully record the storage of hazardous waste, and submitted to the of the People's Republic of China, TTM has established the Regulations on Energy Management and the Energy Management Manual to
competent department for the Company to monitor the storage and utilization of hazardous waste. standardize energy usage in both production and daily operations and continuously improve energy utilization efficiency. The Company
continuously refines its energy management system. The Board of Directors fulfills top-level decision-making and oversight
The identification signs of hazardous waste are placed at collection points, storage areas, and facilities for hazardous waste
responsibilities, and the Management leads implementation and dynamic optimization. Concurrently, an energy management framework
(containers and packaging materials).
has been established, comprising the Energy Conservation Leading Group, the Energy Conservation Office, and Voluntary Energy
Emergency response plans are established, and drills are conducted to address sudden accidents and ensure the safe Conservation Supervisors. Through the organic coordination of decision-making, execution, and supervision, this framework ensures
disposal of hazardous waste. energy conservation efforts are steadily advanced and effectively implemented. During the Reporting Period, the Company has passed
the ISO 50001 (Energy Management System) certification.
Strategy
TTM closely aligns with "carbon peaking and carbon neutrality" policies and industry trends to identify energy risks and opportunities,
The Director of the Administration Center serves as the group leader. providing decision-making support for corporate energy management and green development.
Energy Efficiency
Leading Group
Type of Risk Description of Likelihood of Impact Expected Financial
Countermeasures
/Opportunity Risk/Opportunity Occurrence Duration Impact
The permanent office, located within the Production Operations Center, is
Energy Efficiency Office Energy
responsible for implementing the decisions of the Leading Group. Rising prices of energies such as Establish an energy management system,
Cost Short and Increase in energy
electricity and natural gas directly implement energy audits, set annual
Risks Fluctua- Medium Medium costs and decline in
increase operational costs and energy conservation targets, and carry out
tion Term profits
Each department designates a Voluntary Energy Conservation compress profit margins. energy conservation actions.
Voluntary Energy Conservation Supervisors Risks
Supervisor responsible for daily energy conservation operations.
Cost energy conservation, phase out
Energy Management System Structure The energy conservation technologies high-energy-consuming equipment, and
Reduction Short,
and energy management help to optimize production scheduling;
and Medium Reduction in
improve energy utilization efficiency High
Efficiency and Long operating costs 2. Install distributed photovoltaic power
and reduce energy procurement
Improve- Term generation systems on factory rooftops to
Oppor- expenditures.
ment increase the proportion of clean energy
TTM has established the Regulations on Energy Review Management and conducts internal reviews of the energy management system tunities
usage.
every year. On this basis, the Company promptly identifies existing and potential energy problems and risks, and issues documents such
as the Energy Review Report and the Internal Audit Nonconformity Report, to provide a solid foundation for the organization to formulate
The development of low-energy and Short, Take efficiency and energy saving as the
scientific and reasonable energy targets and energy management plans. During the Reporting Period, the internal audit of the energy Products
high-efficiency green products aligns Medium Increase in operating core R&D direction, and provide customers
and High
management system identified one nonconformity, which has been promptly rectified. with market demand and shapes a and Long income with low-energy-consumption solutions
Services
premium brand image. Term such as mixing plants.
Impact, Risk, and Opportunity Management
TTM views energy risks as a core factor impacting operational costs, production stability, and market competitiveness. The Company has
established a risk management system encompassing four stages—"identification, assessment, monitoring, and management"—to
Energy Management System Certification Certificate enhance energy resilience, reduce costs, and seize opportunities in the green transition.
Energy Risk Management Process
Risk Identification Risk Assessment
Statistically analyze the Company's current energy usage, Evaluate from dimensions such as likelihood of occurrence,
focus on screening and identifying equipment, facilities, impact duration and expected financial impact to determine
systems, and processes that have a significant impact on risk priority.
energy consumption, compile a list of energy risks based
on external environmental changes such as policies and
regulations, and explore opportunities in energy usage
processes.
Risk Management and Treatment Risk Monitoring
Develop response strategies for different risk levels, and Build an online monitoring management system to track
adjust and optimize them in a timely manner based on key performance indicators such as the comprehensive
implementation results to effectively enhance the scientific energy consumption per unit of product and the
nature and effectiveness of risk prevention and control. comprehensive energy consumption per 10,000 yuan of
output value.
Metrics and Targets Main Energy Efficiency Renovation Projects
TTM has established and implemented the Regulations on Energy Targets, Indicators, and Plan Management. Through regular tracking Project Name Project Operation Modes and Energy Conservation Effect
and evaluation of energy management targets and indicators, the Company steadily improves energy management capabilities.
The high-temperature exhaust gas, requiring removal from the paint booth, and the required fresh air
Cluster of Heat
undergo cross-flow heat exchange within the heat exchanger. The heat recovery efficiency can reach
Exchangers in 40%–60%.
Comprehensive
Energy Benchmark in 2025 Energy Targets in 2025 Achievements in 2025 Coating Lines
Energy Consumption
per RMB 10,000 of
Output Value
High-efficiency LED lighting fixtures are installed alongside zone control, light sensors, and
Full Coverage of motion/activity detection systems to achieve "on-demand lighting".
Energy Benchmark in 2025 Energy Targets in 2025 Achievements in 2025 Energy-Saving LED
Training on Energy Lighting
Efficiency Promotion
In the welding workshop for structural components, high-efficiency welding robots are introduced on
Replacement of a large scale to replace inefficient, energy-intensive manual welding operations, which increase the
Traditional Manual
Energy Utilization Welding with Welding
production efficiency by approximately 25%.
Robots
TTM places high importance on energy conservation and emission reduction. Through measures such as utilizing energy-efficient
equipment, implementing energy conservation technological upgrades, adopting digital and intelligent control systems, and utilizing
clean energy, the Company reduces energy consumption and carbon emissions, achieves energy conservation upgrades and drives the
green transformation of the industry.
Energy Conservation Measures
Digital The Company has built an Energy Management Center System and an Online Energy Monitoring and Management System
connected to the energy regulatory departments. These two systems integrate functions such as data analysis, real-time
Intelligence
monitoring, and intelligent warning, enabling comprehensive and accurate monitoring of the Company's energy
Management consumption dynamics and fine management.
Waste Heat Recovery in Paint Booths of Coating Lines Distributed PV Power Station
The Company has formulated the Infrastructure Control Procedure, which requires that equipment selection and
Energy-Saving configuration meet advanced technological standards and comply with requirements for high energy efficiency,
Equipment recyclability, and extended service life. Major energy-consuming equipment shall be optimally configured and replaced
with high-efficiency and energy-saving products.
Metrics Unit 2025
Liquefied Petroleum Gas kg 44,235.5
The Company has established a complete equipment maintenance system and process, strengthened equipment
Maintenance of
Equipment
pre-inspection, and eliminated idle operation of equipment. Concurrently, assessment efforts have been intensified to Gasoline Liter 18,365.42
reduce the frequency of shutdowns for maintenance and minimize energy losses during startup and shutdown periods.
Diesel Liter 34,907.28
Technical
Purchased Electricity kWh 2,172,618
Transformation The Company has implemented a series of energy conservation technology upgrade projects, covering multiple levels including Photovoltaic Power Generation kWh 817,529
for Energy equipment renewal, process optimization, and energy recovery utilization.
Efficiency Renewable Energy Consumption tce 100.47
A 1MW distributed photovoltaic power station has been installed on the factory premises, utilizing solar energy to provide
Proportion of Renewable Energy Consumption % 19.90
Usage of Clean electricity for production and daily operations. During the Reporting Period, the photovoltaic system generated 817,529
Energy kWh of electricity, equivalent to a reduction of 671.19 tCO₂e in carbon dioxide emissions. Concurrently, the Company has
Total Energy Consumption tce 504.87
actively promoted gas-to-electricity conversion and utilized clean fuels to reduce pollutant emissions at the source.
Energy Consumption Intensity tce/ RMB 1 Million (Revenue) 1.34
Water Resource Utilization
In strict compliance with applicable laws and regulations such as the Water Law of the People's Republic of China, TTM has established
the Water Resource Management System. Through measures such as wastewater recycling and resource recovery, adoption of
water-saving facilities, process optimization, and water conservation advocacy, the Company enhances water resource recycling rates. Use and Labeling of Equipment Upgrades and Management Optimization and
The main water source of the Company is the municipal supply. During the Reporting Period, the Company standardized and supervised Water-Saving Fixtures Transformations Infrastructure Maintenance
production and non-production water usage, implemented a closed-loop wastewater recycling system for coating lines, and optimized
Install water-saving fixtures for both Replace fixtures in cleaning, painting, Implement regular inspection,
water conservation in equipment testing processes. These efforts eliminated unreasonable water consumption and fostered water
production and domestic water use, and residential areas with preventive maintenance, and rapid
conservation awareness among all employees.
and place water conservation high-efficiency water-saving devices response repair systems to promptly
signage at water sources, such as featuring superior atomization and detect and repair leaks and
washbasins and restrooms, featuring controllable flow rates. continuous flow issues in water
water-saving faucets, low-flow flush supply networks, valves, and
toilets, or slow-close flush valves. water-using units.
Metrics Unit 2023 2024 2025
Freshwater Withdrawal Volume Ton 9,209 15,646 18,247
Total Water Consumption Ton 9,209 15,646 18,247
Closed-Loop Wastewater Recycling System for Coating Lines
Water Consumption Intensity Ton/ RMB 1 Million (Revenue) 22.34 34.33 48.60
Main Water Conservation Measures
Circular Economy
Recycling of Raw Materials
Water Metering and Responsibility Management Rainwater Collection and Recycling
TTM has established systems such as the Raw Material Procurement Management
Implement water metering management, measure water Establish a rainwater collection and reuse system System to standardize the entire process from procurement, warehousing,
use separately for residential and construction areas, comprising collection wells, secondary sedimentation storage, issuance, production consumption, to scrap recycling. This achieves the
divide construction site areas geographically, and set tanks, storage reservoirs, and vehicle washing facilities. goals of "precise procurement, efficient utilization, low consumption, and emission
zoned water-saving targets. Incorporate water Collect rainwater from office and living areas through a reduction", supporting the green factory construction and circular economy
conservation targets into labor subcontracting and collection well, settle it in a secondary sedimentation tank, development of the Company. The Company prioritizes green and recyclable
professional subcontracting contracts, clarify water channel clear water into a storage tank for vehicle materials in product design to reduce raw material consumption at the source.
conservation responsibilities for both parties, collect water washing, sediment the vehicle washing wastewater a Reclaimed Asphalt Pavement (RAP) and production scrap are incorporated into
usage data to establish statistical ledgers, and improve second time, and return it to the collection well for reuse. renewable resource management, driving R&D in renewable resource utilization
water conservation rates through analysis and comparison. Use water from the collection well for firefighting, cleaning, technologies to continuously improve recycling efficiency. During the Reporting
dust suppression, and landscaping irrigation. Period, the Company conducted raw material management training to enhance
employees' awareness and skills in standardized operations, thereby advancing
green supply chain management.
Training on Raw Material Management
Green Packaging
TTM has established a comprehensive packaging material lifecycle management system. The Company optimizes packaging design,
develops recyclable, lightweight, and environment-friendly packaging solutions, reduces fillers and packaging layers, and lowers
packaging material consumption to reduce waste generation at the source. We also establish a packaging material recycling network,
maintain recovery records for reusable materials, regularly inspect packaging material usage, reward conservation efforts and penalize
wasteful practices.
Green Office
TTM adheres to green operations and comprehensively builds energy conservation and low-carbon office scenarios. Through small
actions, we practice the philosophy of green development, make green office practices a shared consensus and conscious action among
all employees, and jointly create an environment-friendly and energy conservation office atmosphere.
Sign for Water Conservation Sign for Saving Paper
Promote paperless operations and encourage video conferencing to reduce paper consumption;
Paper Saving
Formulate regulations on secondary paper use to improve the reuse rate of paper.
Cultivating the habit of "turning off lights when leaving" to ensure lights are switched off if unoccupied;
Electricity
Install LED energy-saving lights;
Conservation
Use solar lamps.
Post water conservation signage;
Water
Conservation Turn off faucets promptly to prevent water from running continuously.
Waste Sorting
Waste Sorting Reduce, neutralize, and recycle waste through proper sorting and disposal. Ecosystem and Biodiversity Protection
All production and operational sites of TTM are located outside globally or nationally protected areas of biodiversity importance or
sensitivity. Prior to project initiation and new plant construction, environmental impact assessments are conducted for the entire
construction and production projects, and professional third-party evaluation institutions are hired to conduct investigations and
analyses. For the construction project of the intelligent manufacturing base for asphalt mixing plants, the Company has established the
Green Mobility Encourage green transportation options like public transit and bicycles to reduce carbon emissions.
Soil and Water Conservation Monitoring and Implementation Plan, regularly conducts soil and water conservation monitoring and issues
reports to ensure that the construction of new plants will not have adverse impacts on the surrounding ecological environment. In the
future, the Company will continue to practice the philosophy of green operations, actively fulfill corporate environmental responsibilities,
and promote coordinated development between business growth and ecological protection.
Innovation
Empowerment
Building Trust through Responsibility
Fulfillment
The industrial value of TTM is gradually built through innovation-driven
development, product quality and safety, supply chain collaboration, and
customer privacy protection. It promotes industrial upgrading through
technological innovation, ensures product and supply chain safety through
full-process management, and implements customer privacy protection. These
efforts jointly support the Company’s core competitiveness and provide value
support for industry development.
·Innovation-Driven Development
·Supply Chain Management
·Safety and Quality of Products and Services
·Data Security and Privacy Protection
SDGs Responded
Innovation-Driven Development Strategy
TTM systematically identifies, evaluates, and addresses risks and opportunities during the R&D process, and has established the
Always regarding innovation as the core driving force, TTM closely integrates technological breakthroughs with market demand and Checklist for the Management of R&D Innovation Risks and Opportunities. This effort effectively reduces innovation failure rates, enhances
continuously strengthens innovation capabilities. From the iterative upgrades of core technologies to the optimized adaptation of the return on R&D investment, and enables the Company to better seize market opportunities.
product forms, innovation runs through the entire process of R&D, production, and market expansion. With a keen insight into industry
trends and a persistent pursuit of tackling technical challenges, the Company continuously breaks technological bottlenecks and Type of Risk Description of Likelihood of Impact Expected Financial
Countermeasures
enriches the product matrix. Through tangible innovation achievements, we empower industrial upgrading, inject strong momentum into /Opportunity Risk/Opportunity Occurrence Duration Impact
high-quality corporate development, and solidify our leading innovation position in the industry.
multiple solutions for key technologies at
Innovative Management System
The selected technology path is the early stage of projects;
Medium
R&D proven unfeasible or excessively costly, Increase in operating
High and Long 2. Cooperate with universities and research
Risks or is about to be replaced by new cost
Term institutes to reduce technological
technologies.
uncertainty by leveraging external
Governance expertise.
Risks
The developed product fails to meet 1. Conduct sufficient customer interviews,
In accordance with the R&D Management Measures, TTM has established the Technology R&D Center as the centralized department for market demands, or market needs competitor analysis, and market research
change during the R&D phase. Medium at the product definition stage;
innovation management. The center implements an accountability system where the director of the Technology R&D Center operates Market Reduction in
Competitors launch similar or superior Medium and Long 2. Focus on differentiated innovation rather
under the leadership of the General Manager. The Technology R&D Center consists of R&D Department I and II, which carry out Risks Operating Revenue
products first, causing the loss of Term than blindly following trends, and establish
technological development, product development, achievement transformation, project management, standardization, and intellectual market opportunities and rendering technological advantages in specific niche
R&D investments unrecoverable. markets.
property management according to the respective divisions of labor and tasks. The Strategy and ESG Management Committee under
the Board of Directors is responsible for reviewing and approving the Company’s long-term innovation strategy, key R&D areas, and 1. The Belt and Road Initiative and the
expansion into overseas markets,
major technological roadmaps, to ensure that innovation activities align with the Company’s overall strategy. This helps to form a 1. Establish overseas market and product
along with the strong demand for
three-tier governance structure featuring "the decision-making by the Board of Directors, the leadership by the General Manager, and infrastructure construction in the adaptation R&D teams to conduct
the execution by the Technology R&D Center". As of the end of the Reporting Period, the Company is recognized as a High-tech countries along the belt, present customized product development
Market opportunities for China's export of Medium according to standards, climates, and
Enterprise and a Provincial Specialized and Innovative SME, and operates a postdoctoral workstation. Oppor- Increase in operating
Oppor- high-end equipment; High and Long working conditions of different countries;
tunities income
tunities 2. National "New Infrastructure" and Term 2. Develop low-cost and highly reliable
TTM has established and improved incentive mechanisms for scientific and technological talent, extensively recruited domestic and
rural revitalization strategies create product series suitable for the construction
international experts, and gradually cultivated young and middle-aged professionals with experimental experience. As needed, the new demand for equipment in specific and maintenance of rural roads.
Company invites domestic and international experts to the center for academic exchanges and technical guidance, and organizes fields (such as transportation and
scientific and technical personnel to conduct domestic and overseas visits and studies at appropriate times. urban-rural roads).
Impact, Risk, and Opportunity Management
Metrics Unit 2025
TTM has established an innovation and R&D risk management system based on the characteristics of the equipment manufacturing
industry to address risks and opportunities in the R&D process.
Number of R&D Personnel Person 62
Percentage of R&D Personnel % 13.28 Risk Identification Risk Assessment
Risk identification is the process of discovering, listing, and recording If a large number of risks are identified, efforts need to be made to
projects. The Technology R&D Center employs multiple risk and resource investment. The Company uses two main assessment
identification methods (such as expert interviews, flowchart analysis, indicators ("likelihood of occurrence" (Levels 1-5) and "Impact Severity"
and scenario analysis) to gather the information on relevant risks and (Level 1-5)), to create a risk matrix and prioritize technical risks.
opportunities related to technology, market, and policy from both
internal and external sources.
By Educational
Background
(Person)
Risk Management Risk Monitoring
For risks of different levels, strategies such as avoidance, transfer, A risk registry is established, with risk owners designated. The risk
mitigation/reduction, or acceptance are implemented, and status is updated through regular reviews by the project team and
Doctoral Degree Bachelor’s Degree corresponding response plans and contingency measures are quarterly reviews by the Management, transforming abstract risks into
developed. quantifiable indicators.
Master’s Degree Associate Degree or Below
Metrics and Targets Establishment of Industry Standards
Targets and Plans In active response to the national standardization strategy, TTM takes the initiative to participate in the formulation of various industry
and national standards. Drawing on its technological expertise and practical experience, the Company contributes corporate wisdom to
the improvement of standards. Through deep engagement in standardization efforts, the Company strengthens industry technical
TTM is committed to becoming the "world-leading provider of asphalt mixing and recycling plants" and to being a pioneer rather than a exchanges and collaborative cooperation, promotes industry standardization, and helps build an industrial ecosystem for high-quality
follower in technological innovation within niche fields. To achieve this long-term goal, the Technology R&D Center regularly tracks and development. By the end of the Reporting Period, the Company had participated in the formulation of 3 national standards, 2 industry
records the progress toward such a goal. standards, 2 local standards and 5 group standards.
Number of Newly Authorized The Planned Number of Newly
Presentation of R&D Results
Invention Patents in 2025 ≥ 10 Achieved
Authorized Invention Patents in In Progress Relying on the industry-university-research collaborative innovation model, TTM partners with universities and professional research
institutions to continuously tackle technological challenges. Focusing on optimizing the core performance of high-end equipment and
achieving breakthroughs in green, low-carbon technologies, the Company has secured multiple phased R&D achievements during the
Reporting Period.
Cooperation Projects Cooperation Unit Core R&D R&D Value
Metrics
Development of Northeastern The project developed dry The project optimized sand-making
Translation University screening equipment suitable for screening efficiency, provided
Elliptical sand-making and shaping high-efficiency screening solutions
Metrics Unit 2023 2024 2025 Trajectory systems, and completed 3D for the sand and gravel processing
Vibrating drawing design, process sector, and enhanced product market
Investment in R&D RMB 10,000 1,725.37 1,668.16 1,663.16 Screens documentation, and competitiveness.
commissioning of the first unit.
Collaborative Xinyue The project developed 0-3mm The project promoted the recycling
Percentage of R&D Investment In Operating Revenue % 4.19 3.66 4.43 Development of (Guangzhou) reclaimed asphalt pavement (RAP) of waste asphalt mixtures, reduced
Integrated Materials processing equipment, and the consumption of new materials
Equipment for Technology integrated functions of screening, oil and carbon emissions, and aligned
Precision Institute Co., Ltd. enhancement, crushing/grinding, and with the development trends of
Revenue from Sales of New Products RMB 10,000 3,382 8,056 10,438 Application of precise dosing. green building materials.
Asphalt Mortar
Total Output Value of all Sold Products RMB 10,000 41,200 45,600 35,000.57 Case: The "Research and Application of Key Technologies of Green Recycled Asphalt Materials"
Project Won the Grand Prize of the "Mao Yisheng Transportation Science and Technology Award"
In November 2025, at the 2024 "Mao Yisheng Transportation Science
and Technology Award" ceremony, the "Research and Application of Key
Technologies of Green Recycled Asphalt Materials" Project，jointly
Measures and Achievements of R&D Innovation undertaken by TTM, the Research Institute of Highway under the
Ministry of Transport, Chongqing Jiaotong University, and other schools
and enterprises, won the Grand Prize of the 2024 "Mao Yisheng
Support for R&D and Innovation Transportation Science and Technology Award".
TTM standardizes R&D project initiation procedures, formulates the Measures for the Administration of R&D Project Initiation,
continuously increases R&D investment, optimizes innovation resource allocation, and establishes high-standard innovation platforms
to provide robust support for scientific research. The Company vigorously promotes an innovative spirit of pioneering and exploration,
encourages technological breakthroughs and achievement commercialization, fosters an open, inclusive, collaborative, and efficient
innovation environment, and fully drives core technological breakthroughs and high-quality development. During the Reporting Period,
the Company recommended candidates for Quanzhou City's high-level talent evaluation and implemented a patent incentive program,
Mao Yisheng Transportation Science and Technology Award
and provided tiered bonuses for different patent types to fully stimulate the enthusiasm and creativity of the R&D team.
R&D and Innovation Achievements
Protection of Intellectual Property Rights
Key Performance Unit 2023 2024 2025
Management System
Cumulative Number of Authorized Patents Item 548 562 566
In strict compliance with applicable laws and regulations, including the Patent
Number of Valid Patents per Million Yuan of Law of the People's Republic of China and the Trademark Law of the People's
Operating Revenue
Item/RMB 1 Million 1.33 1.23 1.51
Republic of China, and through the establishment of the Intellectual Property
Management System, TTM standardizes key processes such as intellectual
By Patent Type
property acquisition, maintenance, utilization, and protection, while defining
ownership rights and confidentiality requirements. The Company has
Cumulative Number of Authorized Invention Patents Item 55 79 91 established an intellectual property management framework, including an
Intellectual Property Office and an Intellectual Property Work Leading Group
Cumulative Number of Authorized Utility Model Patents Item 414 404 397 headed by the Deputy General Manager. The intellectual property management
body operates under the direct supervision of the Deputy General Manager.
During the Reporting Period, the Company obtained the Intellectual Property
Cumulative Number of Authorized Design Patents Item 77 77 76 Management System (IPMS) certification.
European Patent Item 1 1 1
U.S. Patent Item 1 1 1
Other IPRs Intellectual Property Management
System (IPMS) Certification
Cumulative Number of Software Copyrights Item 6 8 8
Number of Software Copyrights per Million Yuan of
Operating Revenue
Item/RMB 1 Million 0.015 0.018 0.021 Protection Measures
Total Number of Trademarks Item 9 9 9
Protection Measures Detailed Requirements
Industry-University-Research Cooperation
TTM adheres to empowering technological Standardization of
Organize employees to sign the Confidentiality Agreement for Intellectual Property Protection to clarify
Confidentiality
breakthroughs and talent development through confidential information management and post-resignation confidentiality obligations.
Management
industry-university-research collaborative inno-
vation, and deepens cooperation and coordina-
tion with universities and professional research Control of Application Initiate patent applications through the Technical Patent Application Process of the OA system, and officially
institutions. A cooperation consensus was Process submit applications after review.
reached with Chang’ an University to conduct
in-depth exchanges on topics such as joint Establishment of Reward
talent cultivation, construction of internship and and Punishment Reward entities contributing to intellectual property management and protection, and punish infringements.
practice bases, and industry-university-research Mechanism
collaborative innovation. This precisely aligns
the university’ s re search strengths with
Prevention of Monitor competitors’ infringements in accordance with the Anti-Unfair Competition Law of the People's
industry needs to jointly cultivate high-quality
Competitive Risks Republic of China, and promptly take countermeasures against infringements if detected.
talent with both practical capabilities and inno-
vative thinking.
Enhancement of Organize patent training sessions for employees and enhance awareness and practical skills in intellectual
Awareness and Capability property protection.
Employment and Internship Base for Graduates from Chang’an University
Protection of IPRs Supplier Lifecycle Management
Attaching great importance to the training on intellectual property protection, TTM offers regular, multi-tiered and targeted training
sessions that focus on core topics such as patent application standards, infringement risk identification, and confidentiality obligations.
Selection of Suppliers
Through policy interpretation, case study, and practical exercises, employees gain a deep understanding of key principles for intellectual
property protection. This effectively fosters a company-wide culture of respect and guardianship for innovation outcomes, laying a solid
The procurement group conducts an initial screening of suppliers based on documents such as the Supplier’s Basic Information Form, Supplier’s
foundation for the implementation and effectiveness of the Company’s intellectual property management system in terms of both
Business License, and Supplier’s Development Scorecard. For suppliers requiring on-site visits, the Supply Department organizes the Quality
awareness and capability. Control Department, the R&D Center, and other relevant departments to conduct field assessments and score them with the On-Site Evaluation
Registration Form. Suppliers passing the initial assessment are required to provide samples for testing or supply a small batch for trial use.
Through test verification or on-site quality/effect evaluation, the Company includes suppliers passing the verification or evaluation in the List of
Science and Technology Ethics Qualified Suppliers.
In line with the main business and R&D directions, TTM currently focuses on technological innovation and product R&D in the high-end
equipment manufacturing sector. The involved R&D projects primarily revolve around the performance optimization of engineering Daily Management of Suppliers
equipment, the application of green low-carbon technologies, and the improvement of production efficiency, with no engagement in
research areas that may involve controversies in science and technology ethics, such as genetic engineering, AI autonomous The procurement group is responsible for documenting suppliers' daily performance and the usage status of delivered materials, which serves as
decision-making, or life science interventions. the basis for supplier evaluation.
For any quality anomalies in the incoming materials, the using departments and the Quality Control Department must promptly submit a detailed
abnormality report to the procurement group, which will forward it to the supplier and follow up on its resolution and improvement.
Supply Chain Management For key suppliers, the Company strengthens daily communication and feedback, establishes long-term cooperation relationships, and signs
relevant agreements.
TTM deeply integrates the core philosophies of green development, win-win cooperation, and compliant governance throughout the
Supplier Classification
entire supply chain management process, striving to build a transparent, efficient, and symbiotic green supply chain ecosystem. The
Company actively implements a responsible procurement policy, advocates green production standards, and treats all partners with the
principle of fair cooperation. In addition, we ensure equal cooperation rights for small and medium-sized enterprises, promote upstream The procurement group evaluates suppliers based on the Supplier Assessment Form across indicators such as quality, delivery,
and downstream collaboration in the industrial chain, and jointly build a sustainable industrial ecosystem. payment, and service. According to the scores obtained, suppliers are categorized into four levels: Level A, Level B, Level C, and
Level D, and recorded in the Supplier Information Form.
Supply Chain Management System
Supplier Assessment
The procurement group evaluates suppliers based on the Supplier Assessment Form across indicators such as quality, delivery,
Governance payment, and service. Corresponding measures are taken based on the assessment points (P).
P≥95: Increase procurement volume;
TTM has established a system covering the entire lifecycle of suppliers, formulated regulations such as the Measures for the
Administration of Supply Chain and the Supplier Management System. Adhering to the principle of balancing quality, cost, delivery, 80≤P≤94: Maintain normal procurement cooperation;
and service, the Company clarifies full-process supplier management requirements for supplier development, selection, evaluation,
assessment, and elimination, to ensure the stable and timely supply of production and operational materials. 60≤P≤79: Provide guidance, and reduce procurement volume;
TTM has established a supply chain management organizational structure led by the Supply Department and supported by multiple P<60: Require improvement report and suspend procurement.
departments. As the core coordinator, the Supply Department oversees the Procurement Group and the Warehousing Group, which
are responsible for supplier development, sourcing, procurement execution, daily supplier management, and material inventory
management, respectively. The Technology R&D Center is responsible for providing technical lists based on sales requirements and Elimination of Suppliers
participating in technical evaluations of new materials and suppliers. The Production Management Department is responsible for
proposing material requirements based on production plans. The Quality Control Department is responsible for material quality Level-D suppliers failing to implement corrective actions within one year of receiving a rectification notice may be disqualified.
inspection and determination, and participates in supplier evaluations. The Finance Center is responsible for the timely payment of
goods. The Production Department is responsible for production organization and reporting material requirements. Each Suppliers who are deemed unfit for continued cooperation after evaluation should be disqualified immediately upon contract
department has clearly defined responsibilities at every process. Through coordinated collaboration mechanisms, they collectively expiration, or relevant contracts with these suppliers should be terminated through mutual agreement;
ensure the smooth and efficient operation of the supply chain.
In cases of severe quality anomalies or disruptions to project production where the supplier fails to actively cooperate in
resolving issues, the procurement group may revoke supplier qualification without conducting an evaluation.
Impact, Risk, and Opportunity Management
To ensure the stability and resilience of the supply chain and support the Company's continuous business development, TTM has
In 2025, TTM cooperated with a total of suppliers nationwide. Among them, 189 suppliers are located
established a systematic risk management process that spans the entire supplier lifecycle.
in Fujian, accounting for 51.36 % of all our suppliers and contributing to 61.09 % of our local
purchasing.
Risk Identification Risk Assessment
During the onboarding phase of new The Company employs a combination of
suppliers, the Procurement Department qualitative and quantitative methods to
Strategy uses the Supplier Selection Risk assess and classify risks. Qualitative
Identification and Control Form to assessments of new suppliers, based on the
preliminarily identify and record the Supplier Assessment Form, are conducted
TTM systematically identifies potential risks and opportunities within the supply chain, and gradually improves a collaborative supplier product quality risks, delivery timeliness across multiple dimensions, including
optimization mechanism focusing on risk prevention, opportunity capture, and value co-creation. risks, and after-sales service timeliness risks quality system, production capacity, and
of target suppliers. corporate history. With the Supplier
Assessment Form, suppliers are
Type of Risk Description of Likelihood of Impact Expected Financial quantitatively scored and graded (Grade
Countermeasures
/Opportunity Risk/Opportunity Occurrence Duration Impact A/B/C/D), and the results are directly linked
to cooperation strategies.
Raw materials required for company 1. Implement a procurement model
products, such as specialty steel and combining "target safety stock" with
core electromechanical components, "production-driven procurement";
are subject to significant price
Market fluctuations or periodic supply Medium Increase in operating
Risks Medium with key suppliers, and explore
Risks shortages due to global commodity Term costs
price-locking and joint reserve
prices and international trade
mechanisms;
conditions. This erodes product gross
margins and impacts order delivery 3. Continuously develop diversified
cycles. procurement channels.
TTM adheres to the "international
expansion" strategy. In the process of 1. Assess the feasibility of localized
deepening overseas markets, the procurement in overseas market expansion
Company can "go global together" plans;
Market with strong domestic suppliers or 2. Prioritize market expansion with strategic
Oppor- Increase in operating
Expan- cultivate a localized supply network in Medium Long Term suppliers demonstrating willingness and Risk Response Risk Monitoring
tunities income
sion key overseas markets. This not only capability for overseas deployment;
reduces multinational logistics risks 3. Establish a global supply chain risk and
but also enables quicker responses to Based on the evaluation results, graded The Company implements an annual
opportunity map to dynamically optimize
localized needs and enhances market the layout. measures (such as guidance and reduced re-evaluation system for suppliers and
competitiveness.
procurement) are taken, and urgent regularly updates their qualification and
procurement needs are addressed performance levels. Through tools such as
according to the Measures for the the Supplier Quality Abnormality
Administration of Emergency Procurement Notification Form and the Quality Problem
Process to ensure the stability of the supply Handling Report, quality abnormalities are
chain. formally recorded, tracked, and closed-loop
managed, and suppliers are required to
provide a root cause analysis and
improvement measures (e.g., 8D reports)
within a specified time limit, which serves as
an important basis for subsequent
evaluations.
Metrics and Targets Communication and Collaboration with Suppliers
Metrics TTM values technical collaboration and capability co-building with suppliers. In 2025, the Company conducted product technology
exchanges with multiple suppliers to strengthen technical linkage across the supply chain and provide solid support for the iteration and
upgrading of core products.
Key Metrics Unit 2025
Number of Suppliers with Quality Management System Certification Entity 165
Number of Suppliers Passing the Environmental Management System Certification Entity 117
Number of Suppliers with Occupational Health and Safety Management System Certification Entity 108
Number of Suppliers Terminated Due to Non-compliance Entity 0
Number of Potential Suppliers Rejected Due to Non-compliance Entity 0
Technical Exchange and Exhibition of Product Technical Exchange with AOKAI Technical Exchange with SEW
Technology with Weidmüller
Targets
Equal Treatment of Small and Medium-Sized Enterprises
Proportion of Suppliers Passing ISO Proportion of Suppliers Passing ISO Proportion of Suppliers Passing ISO
as the sole criterion for evaluation. Instead, we assess and collaborate based on objective performance standards such as product
Achieved Achieved Achieved quality, delivery capability, service level, and potential for continuous improvement. We are committed to providing fair competition and
mutual development opportunities for all partners, including small and medium-sized enterprises. During the Reporting Period, the
Company did not engage in overdue payments to SMEs.
Creation of Responsible Supply Chains Safety and Quality of Products and Services
Supplier ESG Management TTM always regards safety and quality as the foundation for development, and establishes a core defense line for products and services
with strict standards. Safety and quality permeate the entire business chain—from customized pre-sales solutions ensuring secure
In the process of promoting sustainable development of the industrial chain, TTM gradually incorporates ESG requirements into the compatibility, standardized installation and commissioning during sales, to rapid response after-sales support. With an extreme pursuit
supplier lifecycle management system. The Company is committed to collaborating with suppliers to jointly improve performance in of detail and strict adherence to standards, the Company has earned market recognition and customer trust with stable and reliable
areas such as environmental protection, labor rights, business ethics, and product quality, thereby building a more resilient and product performance as well as comprehensive and standardized service guarantees, thereby building a solid foundation for sustainable
responsible supply chain. In daily management, we continuously monitor suppliers' actual performance in compliant operations, development.
environmental protection, and workplace safety through regular performance evaluations, on-site audits, and quality traceability
mechanisms. Simultaneously, we actively engage in communication and training with suppliers to convey our ESG philosophy, and
promote the continuous improvement of sustainability across the entire supply chain.
Responsible Procurement
Committed to creating a standardized, transparent, fair, and honest procurement environment, TTM deeply embeds responsibility
requirements throughout the procurement process, and promotes coordinated compliance across the upstream and downstream of the
supply chain. In terms of responsible procurement, the Company has established the Procurement Management System and the
Procurement Control Procedures which clarify regulations on material procurement. The compliance and cost control of procurement
activities are ensured through multi-level review processes.
Quality Assurance System Impact, Risk, and Opportunity Management
During the Reporting Period, TTM conducted internal quality audits covering core departments including the Quality Management
Department, the Management (Management Representative) and the Finance Center. These audits were based on the ISO 9001 Quality
Governance
Management System and the Quality Manual of TTM, and led the preparation of a Nonconformity Rectification Summary. Based on issues
Following the quality policy of "Continuous Innovation, Customer Service, Mission Fulfillment, identified in the follow-up corrective action list for the second internal audit, the Company reviewed its current product and service
Vision Realization", TTM has established a quality management system covering the entire safety risk management practices across four core areas: risk identification, risk assessment, risk monitoring, and risk management.
product lifecycle, and formulated a series of management systems such as the Quality
Manual, which clearly defines standards for the entire process, from incoming material
inspection, production process control, to final inspection before delivery. The General
Manager serves as the top quality manager and holds primary responsibility for quality Risk identification primarily relies on internal audits and investigations. The Company identifies risk
management. The Strategy and ESG Management Committee under the Board of Directors points related to product and service safety by examining key operational aspects of the quality
plays a pivotal role in quality management as a strategic overseer, a cultural advocate, and an management system across departments. Specific identification dimensions include personnel
ultimate accountability holder. The Company has established a matrix-based quality capability, documentation and processes, material management, and system planning risks.
Risk Identification
management structure centered on the Quality Management Department, which oversees
specialized groups including the R&D Quality Engineering Group, the Supplier Quality
Management Group, and the Production Process Quality Control Group. Each business unit
has clearly defined quality responsibilities, with inspection personnel assigned to specific
workshops and external manufacturers. This creates a quality management framework Based on the classification of nonconformities by "severity", the Company prioritizes risk
characterized by full participation and end-to-end process control. As of the end of the assessments using the scope of impact and severity as core criteria, and categorizes risks as either
Reporting Period, the Company has passed the ISO 9001:2016 Quality Management System Quality Management System Certificate "Severe Risk" or "General Risk":
Certification, providing a solid guarantee for product quality.
Serious risks: Refer to risks that directly affect product safety, violate core clauses of the quality
management system, and may lead to product recalls, customer complaints, or compliance
Strategy Risk Assessment penalties.
TTM identifies potential risks and opportunities arising from product manufacturing and customer service processes. Based on industry General risks: Refer to risks that have a minor impact on product safety or affect only local
characteristics and internal management practices, the Company has established the List of Measures for Identifying, Assessing and processes or record integrity.
Addressing Product and Service Risks/Opportunities.
Type of Risk Description of Likelihood of Impact Expected Financial
Countermeasures
/Opportunity Risk/Opportunity Occurrence Duration Impact
Overseas businesses account for over stations in key overseas markets, reserve
Overseas 50% of total business and cover more
through regular internal audits and on-site inspections. Specific monitoring methods include:
professional engineers, and shorten fault
Service than 60 countries. The geographical response time;
Short and Increase in operating
Re- scope of equipment installation,
Medium Medium costs and decrease in 2. Full-process service system: Provide
Document review: Check the consistency of procedure documents, quality manuals, and record
sponse commissioning, and after-sales
Delay maintenance is extensive, and service
Term operating revenue end-to-end support from site surveys and forms;
layout design to operational training, and
Risks efficiency directly impacts customer
proactively resolve potential issues during
satisfaction.
installation and commissioning.
On-site verification: Review calibration status of testing instruments, material identification,
personnel qualification certificates, etc;
Risks
models across 13 series, prioritize flagship Risk Monitoring
Personnel interviews: Communicate with management representatives and department heads to
products like integrated primary/secondary
Domestically, the Company faces verify their understanding of management commitments and quality objectives;
Industrial equipment to meet customization demands;
competition from industry peers, while
Competi- internationally, the Company must Short and 2. Overseas market expansion: Deeply cultivate
Reduction in Operating
tion Risks contend with pressure from global High Medium
Revenue Southeast Asia, Central and Eastern Europe, Record traceability: Review meeting minutes, inspection records, equipment maintenance logs,
brands. Price competition may lead to Term and other markets under the Belt and Road
etc.
profit declines. Initiative, and leverage CE and AEO
certification advantages to expand high-end
channels.
promotion of the integrated recycling plant
Benefits and RAP flexible crushing equipment to meet
The Regulations on Rural Highway and
from the needs of rural road maintenance and
the Implementation Opinions on Building
Oppor-
China’s
Beautiful China Pilot Zones drive the
Medium urban road upgrading projects; For identified risks, the Company must develop management plans addressing both "corrective
Green High and Long Revenue increase
tunities
Infra-
transformation of highway construction
Term
toward greener and smarter practices and specialized groups to participate in
structure
create demand for equipment upgrades. requirements. Current rectification efforts include: personnel competency management, document
Policy government bidding, and leverage advantages
in low-carbon technology to improve the bid Risk Management and process optimization, material and release control, and system planning refinement.
winning rate.
Metrics and Targets Monitoring of Hazardous Substances
Metrics In accordance with the Action Plan for the Control of New Pollutants and green manufacturing standards, TTM has formulated core
documents such as the Procedure for Controlling Harmful Substances from Production Process and the Measures for Risk Prevention and
Control Management which clearly defining the limit standards for 12 key controlled substances, including benzene compounds, volatile
Performance Unit 2023 2024 2025 organic compounds (VOCs), heavy metals, and others. The Company has established an environmental management ledger system, and
records detailed information such as material toxic components, emission monitoring data, and operation parameters of treatment
First Pass Yield % 98.50 98.80 98.81 facilities. This information is retained for at least 3 years, which complies with the green factory requirements of the Ministry of Industry
and Information Technology. In terms of harmful substance compliance assurance, the Company commissions the National Center for
Quality Supervision and Test of Construction Machinery every year to conduct full-item testing of harmful substances, covering 18
Targets testing items such as product materials, emissions, and waste. During the Reporting Period, a new PFAS (per- and polyfluoroalkyl
substances) testing project was added for the full coverage of controlled substances.
The Company has established the quality objectives within the framework of and in alignment with the quality policy. We pursue
continuous improvement and enhancement of product quality levels, and meet customers' legitimate and reasonable requirements for Hazardous Substance Control Process
product quality.
Identify Hazardous Substances and
Strengthen Supply Chain Access Perform Real-time Monitoring of
Establish a List of Hazardous
Control Production Processes
First Pass Yield ≥ 98% Product Contract Fulfillment Rate = 100% Substances
Achieved Achieved
Optimize Processes and Upgrade Archive Data and Conduct Conduct End-of-Pipe Treatment and
Standards Compliance Reviews Testing of Pollutants
Enhancement of Product Quality
Training on Product Quality
Lifecycle Management
TTM places high importance on product quality training, focusing on enhancing core process skills and preserving the spirit of
TTM integrates quality control throughout all stages—from supplier qualification and raw material procurement to product design, craftsmanship through targeted and diverse quality training activities. During the Reporting Period, the Company organized special
manufacturing, warehousing, delivery, and after-sales service. Through standardized processes, specialized controls, and continuous training titled "Refining Welding Skills, Inheriting the Craftsmanship Spirit" for critical production processes like welding. This training
improvement mechanisms, we ensure stable and reliable product quality. covered all employees in the structural workshop. Experts from the Fujian Special Equipment Inspection and Research Institute were
invited to give lectures. Through a systematic process of "theory, practical application, competition, and recognition", the training
comprehensively covered fundamental welding theory, process challenges, and quality control essentials. It focused on practical skills like
Lifecycle Stage Core Control Measures vertical corner welding through group training and one-on-one guidance. During the training, theoretical exams and skills competitions
were organized simultaneously to encourage learning and evaluate training effectiveness. Employees with outstanding performance
Conduct annual supplier audits, implement a quality points system, carry out visual inspections, dimensional were recognized and rewarded, which stimulated enthusiasm for learning.
Supply Chain
measurements, composition analysis, and third-party testing for core materials, and strictly manage the List of Qualified
Management Suppliers.
Develop specialized quality control plans, and conduct design reviews, verification, and validation to ensure design
Design and R&D outputs meet requirements.
Production and Implement a three-tier inspection system ("self-inspection, mutual inspection, specialized inspection"), enforce dedicated
Manufacturing controls for special processes like welding, deploy advanced testing equipment, and standardize process discipline.
Apply rust prevention treatment before finished goods enter storage, maintain precise temperature and humidity control
Warehousing and
in warehouses, re-inspect finished goods stored for over three months, strictly inspect packaging strength during
Delivery outbound shipping, monitor transportation status in real time, and require customer signature confirmation upon delivery.
After-sales Service Provide quantifiable acceptance criteria and operation-related training, establish customer satisfaction surveys, respond
and Improvement promptly to quality feedback, and track monthly quality costs to drive continuous improvement.
Opening Ceremony Training on Fillet Welding in the Vertical Position
Product Recall
TTM has established a comprehensive product recall management system, and formulated the Product Component Recall Management
System and Specifications for Third-Party Sampling and Inspection in accordance with laws and regulations such as the Law of the
People's Republic of China on Product Quality. This system clearly defines core principles of safety priority, prompt and proactive action,
transparency and integrity, and continuous improvement. It applies to various scenarios where defects or safety hazards are identified in
finished products or core components during production, distribution, or use. During the Reporting Period, no product recall incidents
occurred in the Company.
Product Recall Implementation Process
The Company stops producing defective products, isolates the inventory and immediately suspends
the external sales.
Formulation of Recall Plan
Training on Welding Theory Welding Theory Exam
The Production Department stops producing defective products, and the Warehouse Department
Cessation of Production isolates the inventory; the Sales Department and distributors immediately suspend sales.
and Sales
The Company notifies users through multiple channels, such as phone calls, emails, and company
website announcements, clearly informs them of the recall scope, risk warnings, and cooperation
User Notification requirements, and keeps records of notifications.
A Product Flow List is provided to ensure all affected users are covered. The Production Operations
Center will provide production records to support product traceability.
Product Traceability
Welding Skills Competition Award Ceremony
Based on the size and location of the equipment, two recovery methods are provided: door-to-door
collection, and collection at designated sites. The Logistics Department is responsible for
Product Recall transportation safety, with GPS tracking throughout the process.
Metrics Unit 2023 2024 2025
Quality Training Attendance Person-times 350 324 551
Total Hours of Quality Training Hour 350 324 551 Defective products are categorized into three levels, with services including disposal, free replacement
or inspection, and on-site repair provided according to these levels.
Defect Handling
Training on Quality Case 7 8 10
The Quality Management Department updates the Recall Schedule daily. If any obstacles arise, the
emergency response plan is immediately activated.
Progress Control
Green Design
TTM deeply integrates the philosophy of green development into product design, and establishes a systematic green design framework
guided by the principles of "carbon reduction, energy efficiency, environmental protection, and recycling". At the design stage, the
Company prioritizes low-carbon, eco-friendly materials and modular structures, optimizes equipment power systems and energy
consumption pathways, and reduces resource consumption and environmental impact through digital simulation technology.
Case: TS4020-A8 Serving as a New Benchmark Leading Green Construction
After-sales Training for Agents from Russia After-Sales Technical Training for Agents from Vietnam
TTM's TS4020-A8 Integrated Hot Recycling Asphalt Mixing
Plant achieves resource utilization of waste asphalt mixtures
through multidimensional technological optimization. The
plant, when applied in road construction, can reduce the
consumption of raw materials by 80%, lower material costs
by more than 60% and effectively reduce carbon emissions.
This provides a practical and feasible solution for the
sustainable development of the road construction sector.
TS4020-A8
Training Session on Customer Service in Sri Lanka On-site Training Exchange with Partners from Pakistan
Case: Environmental Technology and Adaptation to International Markets
The recycled exhaust deodorization unit developed for the RFS40 Incinerator Project successfully solved the exhaust treatment Technical Training Empowering Customers
problem of the 2000 Hot Recycling Plant, with test parameters meeting standards. The G-RLBZ1000 Recycling Plant (Overseas
Edition) uses a modular design that can be fully loaded into containers, greatly facilitating international transportation and
on-site installation. TTM has established a specialized technical training system. Focusing on core dimensions such as product operation standards and
usage techniques, we provide targeted guidance to customers. Through comprehensive technical empowerment, we ensure product
value is realized more efficiently and further solidify service support for product accessibility. The Company conducts annual "Operator
Training" programs, delivering one-on-one hands-on instruction to help customers rapidly master core application principles. This
reduces usage barriers, enhances operational efficiency, and minimizes safety risks during client operations.
Enhancement of Product Accessibility
Global Market Layout
TTM establishes a global market presence based on strategic deployment and customer needs worldwide. By tightly integrating "global
standardized operations" with "localized in-depth services", the Company delivers high-quality asphalt mixing and recycling plants to
infrastructure projects in over 60 countries and regions, steadily enhancing the international recognition and reputation of Chinese
equipment. In terms of market expansion, the Company focuses on regions under the Belt and Road Initiative and globally active
infrastructure areas, with a key focus on markets in Russia, Southeast Asia, and the Middle East. By establishing a long-term stable agent
cooperation system, the Company builds an efficient bridge between products and customers, enhancing product accessibility through
industry expansion overseas. During the Reporting Period, the Company offered multiple technical and service training sessions for
global agents to ensure that local personnel have the capability to operate and maintain the equipment.
Online Training for International Customers
Customer Service Management Measure
Customer Complaint Response Mechanism
TTM has established a marketing center to summarize, analyze, and handle customer complaints during the service process. Based on
the importance of existing quality issues and the risks involved, the Company decides whether corrective actions should be taken. If
necessary, a Corrective and Preventive Action Report is issued, and the responsible department is tasked with analyzing the cause,
formulating, and implementing corrective actions. For supplier-related product quality issues, the Supply Department issues the
Corrective and Preventive Action Report to suppliers, which will then analyze the cause, develop corrective actions, and evaluate the
effectiveness of their measures.
On-site Training Session for Customers Training on Customer Service
To enhance the professional competence and
service standards of the after-sales team, the
Company organized a centralized training
session for all after-sales personnel in the R&D
workshop during the Reporting Period. The
training focused on "Strengthening Skills and
Standardization across the Entire Service
Process for Asphalt Mixing Equipment". The
training covered equipment expertise, service
awareness enhancement, communication
skills training, and safety operation standards.
By integrating case studies and practical
operational points, it ensured trainees could
independently and efficiently complete After-sales Service Training Site
service tasks.
Training for Operators in 2025
Customer Satisfaction Evaluation
Customer Service Management Relying on its professional service team and standardized service processes, TTM is committed to providing customers with
comprehensive, high-quality service support. The Company continuously enhances customer experience and satisfaction, and solidifies
the foundation of long-term cooperative trust with customers. During the Reporting Period, the China Quality Association conducted
Customer Service Management System user satisfaction rating evaluations to advance market-based adoption of quality classification systems. The Company's product, the hot
recycling asphalt mixing plant, was ultimately rated as a Four-Star User Satisfaction Product. During the Reporting Period, the Company
distributed a Customer Satisfaction Evaluation Form to customers, who gave positive recognition to core dimensions such as service
Adhering to the service philosophy of "Sincere Dedication to Customers", TTM has established documents including the After-Sales
attitude, installation progress, safety measures, and compliance with design specifications. The overall satisfaction remained at a high
Service Manual, the System for Enhancing Customer Service Efficiency and Quality, and the System for Standardizing After-Sales
level, fully demonstrating the effectiveness of the Company's service system implementation and the degree of customer recognition.
Abnormal Order Processes. These clarify responsibilities for non-compliant products or customer complaints, initiating tiered responses
through rapid information tracking and root cause analysis. When non-compliant products enter the market, the Company provides
corrective or replacement parts. The emergency response team coordinates product evaluation and disposal while implementing
temporary measures like rework or compensation. At the service execution level, a dual-channel response system combining a 24-hour Metrics Unit 2023 2024 2025
customer service hotline and a WeChat official account ensures swift reception and tracking of customer inquiries, complaints, and
requests. Leveraging a collaborative model of remote support from headquarters technical experts and on-site services from local agent Customer Satisfaction % 97.50 98.33 95.82
teams, the Company efficiently resolves issues related to equipment installation, commissioning, and maintenance.
Data Security and Privacy Protection
System Permission and Account Management Data Backup and Hardware Management
TTM has established a systematic and end-to-end information security management system, implementing graded classification and
refined control over critical data. This ensures comprehensive protection of data integrity, confidentiality, and security throughout its The division and assignment of users, roles, and permissions All operations shall adhere to the four principles of
entire lifecycle. Through regular security risk assessments and robust emergency response mechanisms, the Company continuously within the information system shall be based on the system security, backup redundancy, data
enhances proactive defense and rapid recovery capabilities in information security. This safeguards its digital transformation and builds functional roles of each department and the internal confidentiality, and sustainable development. Anti-virus
a secure foundation for long-term trust among all stakeholders. structure defined by the Human Resources Department of software must be installed on all computers, and regular
the HR Center. virus scans shall be conducted.
The Digital Intelligence Department III designates system Users are responsible for backing up their personal
Information Security Management System administrators who are responsible for managing user work data to the department network disk. System data
permissions. shall be centrally backed up by the Digital Intelligence
In strict compliance with laws and regulations including the Network Security Law Department III, with at least two copies stored on
The addition of new users or changes to existing permissions
of the People's Republic of China, the Data Security Law of the People's Republic of different devices.
must be reviewed by the department manager and approved
China, and the Personal Information Protection Law of the People's Republic of
by the director. In special circumstances, approval may be Server hard disks must be replaced every five years.
China, TTM has established systems such as the Electronic Data Security
escalated to the general manager. For employees who have Retired hard disks shall be uniformly recycled and
Management System, which defines core principles including system security,
resigned, their accounts must be deactivated, with logged. Private disposal is strictly prohibited.
data backup, confidentiality, and sustainable development. The Company
confirmation of the deactivation provided by the Digital
stipulates that the Digital Intelligence Department III of the Technology R&D
Intelligence Department III.
Center should be responsible for planning the data security management system,
formulating technical solutions, system data backups, equipment maintenance, The authorization of the information system follows the
continuously optimizing security strategies, and ensuring the systematic principles of least privilege and dynamic management. Any
advancement of data security efforts. abnormalities related to user accounts must be reported
immediately to the Digital Intelligence Department III for
During the Reporting Period, the Company passed the management system
resolution.
certification for the convergence of informatization and industrialization, and no
data security incidents or customer privacy leaks occurred in the Company.
Management System Certification
Certificate for TTM’s Convergence of
Informatization and Industrialization
Data Protection Assessment Mechanism Training on Information Security
Normalized Security Governance Measures
Data protection assessments shall be conducted in scenarios
Specialized training shall be organized to promote the
such as the launch of new systems, processing of sensitive
Company's security systems and raise awareness of
Measures for Information Security and Privacy Protection personal data, cross-border data transfers, and data sharing
risk prevention. This will help enhance employees'
and transfer.
daily protection capabilities and foster a stronger
The assessment shall cover data classification and grading, sense of responsibility toward data security.
legality of processing, security measures, third-party risks,
and impact analysis.
Daily Operation and Network Behavior Management Classification and Grading for Data Management
An assessment team shall be established. The team shall be
Employees are strictly prohibited from accessing Company data are classified into three categories: user supervised by the Data Protection Officer (DPO). An
non-work-related websites during working hours. Internal personal data, enterprise core data, and important national assessment report shall be drafted, and corrective actions
networks and WeChat groups are to be used exclusively for data. Each category is further divided into Level 1, Level 2, shall be implemented upon approval.
work purposes, and the dissemination of false, offensive, or and Level 3, enabling differentiated management and
inappropriate content is strictly forbidden. control.
The Digital Intelligence Department III is responsible for
ensuring network stability and the proper functioning of
equipment. Any equipment malfunction must be reported
within 4 hours and repaired within 48 hours. Delays beyond
these timeframes require a written explanation and a public
notification.
Case: Training on the Electronic Data Security Management System Emergency Incident Management
To effectively respond to potential data and information security emergencies, TTM has developed key documents such as the
In June 2025, TTM organized a dedicated training session on the Electronic Data Security Management System for employees from Emergency Plan for the Information Center Computer Room and the Management System for the Emergency Plan of Information Systems.
various departments, including R&D and Digital Intelligence. The training incorporated system explanations, case illustrations, and These documents clearly define the emergency organizational structure, event classification standards, response procedures, and
interactive communication to enhance employees' awareness and understanding of information and data security practices. disposal measures. We regularly conduct emergency drills to verify the feasibility of the emergency plans, enhance the coordination and
disposal capabilities of the emergency response team, and ensure a rapid and effective response to minimize the impact of actual
incidents. During the Reporting Period, the Company conducted 3 safety emergency drills.
To standardize the emergency response for data leakage incidents, reduce potential losses, protect user rights and interests, and
safeguard the organization's reputation, we have established the Data Leakage Response Process. Built on the core principles of "rapid
response, minimal impact, compliance, and continuous improvement", this process covers the entire cycle from incident detection,
containment, and assessment, through to notification and reporting, restoration, and post-incident review. It ensures that emergency
actions are orderly, efficient, and compliant with regulations. Our emergency response structure follows a specialized team responsibility
system, consisting of Cybersecurity Group, Legal and Compliance Group, Public Relations and Communication Group, and Management
Representatives. Each group has clearly defined responsibilities in areas such as technical analysis and disposal, legal risk assessment,
external communication, and resource allocation, creating an integrated and coordinated response mechanism. Additionally, the
Company regularly organizes emergency drills to further enhance employees' awareness and preparedness for emergency situations.
Case: Data Security Emergency Drills
In June 2025, the Company conducted
three emergency drills covering scenarios of
"hacker attacks on servers", "large-scale
virus attacks", and "database system
Training on the Electronic Data Security Management System failures". These drills were designed to test
the rapid response, cross-departmental
coordination, and the implementation of
the emergency mechanisms in handling
computer room emergencies. The results of
the drills indicated that the current
emergency plans are effective, and they
have significantly enhanced the emergency
response capabilities and coordinated
During the Reporting Period, the Company conducted 2 information security training sessions, totaling 30 disposal skills of the relevant personnel.
training hours and attended by 15 employees.
Data Security Emergency Drills
People-Oriented
Management
Supporting Talent Development
TTM has always upheld the employment philosophy of "people-oriented, making the
best use of talents, and fair employment", committing to the creation of a safe,
healthy, and harmonious working environment for employees. Through a robust
safety and health management system, a comprehensive salary and benefits
structure, a diverse talent development program, abundant cultural and sports
activities, and ongoing employee care initiatives, we ensure the safety and
well-being of our employees, enhance their sense of fulfillment and happiness, and
promote the mutual development of the enterprise and our workforce.
·Occupational Health and Safety
·Protection of Employees' Legal Rights and Interests
·Employee Training and Development
SDGs Responded
Strategy
Occupational Health and Safety
The Company proactively identifies and evaluates potential risks and opportunities throughout production and operational processes,
TTM places safeguarding employees' lives and health at the core of its corporate responsibility. We have deeply integrated safety and develops appropriate control measures and optimization plans to ensure the continuous improvement of its safety management
management into every stage of production and operation, committing to the establishment of a comprehensive, full-staff, and system.
all-encompassing occupational health protection network. Through continuous improvements to our management system, deepened
risk source control, and strengthened safety and health measures, we strive to build a robust defense against accidents and a strong Type of Risk Description of Likelihood of Impact Expected Financial
Countermeasures
foundation for the physical and mental well-being of our employees. We encourage all employees to actively take on safety /Opportunity Risk/Opportunity Occurrence Duration Impact
responsibilities, internalize safety awareness, and externalize it in their actions, collectively contributing to a safe and healthy working
environment. 1. Formulate and continuously improve
Occupational health and work safety work safety emergency plans to ensure
Reputa- that work safety accidents are handled
accidents can result in a loss of Reduction in
Safety and Health Management System
tion Low Long Term promptly and effectively;
customer trust and negatively impact operating revenues
Risks
market share. 2. Disclose accident handling information
in a timely and transparent manner.
Governance Risks
Potential risks such as equipment
failure, process defects, and and maintenance to enhance the stability
By adhering to the policy of "safety first, prevention first, and comprehensive management", the Company strictly follows national insufficient safety equipment can lead Medium and reliability of equipment and facilities;
Technol- Increase in operating
to production accidents or Medium and Long 2. Regularly inspect safety protection
regulations, such as the Work Safety Law of the People's Republic of China and the Law of the People's Republic of China on Prevention ogy Risks costs
occupational diseases. Term devices, and repair or replace any defective
and Control of Occupational Diseases. We continuously refine our Work Safety and Occupational Health Management Systems, device to ensure proper operation.
implementing a responsibility system for both work safety and occupational health to foster an excellent safety and health environment
for the sustainable development of the Company. During the Reporting Period, the Company passed the certification of the ISO 45001 Through occupational health and work Establish and continuously improve the
safety management, the Company can occupational health and safety
Occupational Health and Safety Management System, and obtained the Work Safety Standardization Level III Certificate. Short,
Produc- more effectively prevent and control management system, clearly define
Oppor- Medium Decrease in expenses
tion potential hazards in the work High responsibilities, processes, and standards.
tunities and Long and expenditures
Efficiency environment, improve employee This approach ensures systematic and
Term
productivity, and avoid large-scale standardized management, enhancing
financial expenditures. overall management efficiency.
Impact, Risk, and Opportunity Management
TTM has developed system documents, including the Management System for the Identification, Classification, and Control of Safety Risks
and the Emergency Management System to enable ongoing improvements to the risk management process and to ensure the effective
identification, evaluation, and control of safety risks.
Management Process Management Measures
Safety risks are addressed through comprehensive and systematic identification and grading evaluations. Based on these assessments, the Company
formulates practical and feasible control measures to prevent and mitigate potential risks;
Risk Grading
A dedicated working group for the identification, classification, and control of safety risks has been established as the organizational and operational
and Control body responsible for implementing these measures. The group ensures that risk identification, classification, control, and standardized safety
management are carried out thoroughly and effectively.
The Safety Hazard Investigation Management System has been developed, which outlines the fundamental tasks, content, principles, forms, and
Occupational Health and Safety Work Safety Standardization Level III Certificate requirements for safety inspections. This system is applicable to safety inspections and hazard investigations across the Production Operations Center,
Administration Center, and Marketing Center, with the flexibility to extend to other departments when necessary;
Management System Certification Certificate Identification of
Regular safety inspections, patrols, and hazard investigations are conducted to identify and address any issues promptly, ensuring the safety of the
Hidden Hazards production environment;
During the Reporting Period, the equipment safety group successfully investigated 25 hidden hazards, achieving a 100% rectification rate. The
Administration Department conducted investigations into 38 hidden hazards, also maintaining a 100% rectification rate.
To strengthen the Company's work safety management and establish a long-term mechanism, a Work Safety Leading Group has been
formed as the primary organizational and leadership body for work safety and occupational health management. This group is
responsible for the overall leadership, coordination, and supervision of all work safety matters within the Company. TTM implements a Specialized emergency plans, including the Enterprise Fire Accident Emergency Plan, the Emergency Rescue Plan for Mechanical Injury Accidents, and
the Emergency Plan for Liquefied Gas Fire and Explosion have been developed. These plans ensure timely preparation and response to accidents or
responsibility system for work safety and occupational health at all levels and across all departments, with the general manager Emergency emergencies, prevent escalation, and minimize casualties and property losses;
responsibility system at its core. Work safety and occupational health target responsibility letters are signed at every level to ensure Response Plan A Work Safety Accident Emergency Rescue Leading Group has been established to coordinate emergency responses. The Company conducts regular
emergency drills and safety knowledge training to enhance employees' safety awareness and their ability to respond to sudden incidents;
accountability. The Work Safety Leading Group is tasked with assessing the performance of work safety and occupational health
During the Reporting Period, the Company conducted 3 safety emergency drills.
responsibilities of the Company's principal leaders, various departments, and employees at all levels. This encourages all personnel to
prioritize and actively engage in safety work.
Case: Fire Emergency Drill Metrics Unit 2025
On May 29, 2025, the Company held its annual comprehensive fire emergency drill in the factory area under the theme "Prevention Workdays Lost due to Work-Related Injury
Day 237.25
First, Life First." The drill covered basic fire safety knowledge, proper use of fire-fighting equipment, fire emergency disposal
procedures, case analysis of past fire incidents, and practical equipment operation exercises. This drill effectively validated the Work-Related Injury Rate % 3.6
Company's emergency plans, strengthened the response capabilities of the emergency team, and improved employees' skills in
risk avoidance, self-rescue, and mutual assistance during emergencies.
Work Injury Insurance Investment RMB 10,000 22.18
Coverage Rate of Work-Related Injury Insurance % 98
Investment in Production Safety Liability Insurance RMB 10,000 18.06
Number of Employees Covered by Work
Safety Liability Insurance Person 464
Number of New Occupational Diseases Case 0
Number of Employees Participating in
Medical Checkup Person 189
Number of Employees Holding Special
Operation Certificate Person 105
Fire Emergency Drill 6
The number of workdays lost due to work-related injury is calculated on an eight-hour workday basis, using the formula: Workdays lost
= Work hours lost ÷ 8.
Targets
Metrics and Targets
The Company develops an annual occupational disease prevention and implementation plan, regularly tracks its progress, and
incorporates results into performance appraisals. This approach ensures responsibilities are clearly defined at all levels and encourages
Metrics
the integration of safety requirements into employees' daily behaviors.
Metrics Unit 2025
Occupational Disease Cases: 0 Occupational Hazard Notification Rate: 100% Completion of Annual Occupational Disease
Number of Safety Training Sessions Session 15 Hazard Project Declarations
Number of Participants in Safety Training Person-times 683 Achieved Achieved Achieved
Number of Participants in Safety Training Person 419
Posting Rate of Workplace Warning Signs and Chinese Signage: Over 95% Coverage Rate of Occupational Health
Training: 100%
Total Training Duration Hour 556.5
Achieved Achieved
Average Duration of Safety Training Hour/Person 1.19
Coverage Rate of Training on Safety % 89.72 Pre-job, On-the-job & Post-termination Health Checkup Completion Employer's Satisfaction with Basic Occupational
Rate: 100% Health Construction Requirements
Investment in Work Safety RMB 10,000 38.82
Achieved Achieved
Work-Related Fatalities Person 0
Management of Work Safety Protection of Occupational Health
Safety Management for Related Parties TTM places great importance on employee occupational health
management. We have developed key system documents, including
The Company has established the Management System for Related Parties and External Employees to standardize and enhance the safety the Occupational Health Management System, the Maintenance and
management of external construction units, contractors, lessors, and external service personnel. This system ensures the implementation Overhaul System for Occupational Disease Hazard Protection
of safety management provisions and promotes overall work safety. TTM signs work safety management agreements with related parties, Facilities, and the Occupational Health Surveillance and Archive
conducts thorough reviews of their certificates and qualifications, and provides safety education and training for their operational Management System. The Company implements a full range of
personnel. These measures ensure that all related parties entering our operational areas comply with our safety standards and measures to protect employees against occupational diseases,
procedures. prevent, control and eliminate occupational hazards, and safeguard
the physical health and well?being of all employees.
Facility Safety Management
Detection of Occupational Hazard Factors
The Company has developed and strictly enforces the Equipment and Facility Safety Management System, which standardizes the
management of equipment and facilities, including procurement, use, maintenance, inspection, renewal, transformation, and The Company regularly commissions qualified occupational health service institutions to conduct tests on occupational
scrapping. This system ensures the timely identification, control, and elimination of potential safety hazards throughout the disease hazards, taking necessary protective measures based on the results.
operation of equipment, maintaining the safety and reliability of all facilities. The Company also conducts regular inspections and
maintenance of safety evacuation and fire-fighting facilities to ensure they remain effective and secure.
Promotion and Training of Safety Disclosure of Occupational Disease Hazards
To ensure employees are familiar with safety rules, regulations, and safe operating procedures, TTM has established the Safety Education In the workplace, the Company has installed bulletin boards to display rules, regulations, and operating procedures related
and Training Management System. The Company organizes regular safety training for all employees and third-party personnel, to the prevention and control of occupational diseases;
enhancing their ability to prevent accidents, control occupational hazards, and respond effectively to emergencies.
Warning signs and Chinese safety instructions are placed at posts where occupational disease hazards are present;
The Company provides occupational disease hazard notification forms for each position. When signing labor contracts with
employees, the Company ensures that employees are fully informed about the types and potential consequences of
occupational hazards, as well as the protective measures and benefits in place. Employees are required to sign these
notification forms as part of the process.
Facilities and Suppliers for Protection of Occupational Health
The Company provides employees with labor protection equipment that meets national standards and ensures proper
selection, allocation, and supervision of its correct use;
Safety Promotion and Training Workshop-Level (On-the-Job) Training Training on Gas Safety
for New Employees The Company actively promotes technological upgrades to reduce occupational hazards at their source, including
improvements in noise reduction, dust control, ventilation, and detoxification facilities.
Occupational Health Checkups
In accordance with relevant laws and regulations, the Company establishes occupational health surveillance archives and
arranges pre-job, on-the-job, and post-termination health checkups for personnel working in positions with potential
occupational disease hazards.
Training on Fire Safety Training on Heat Stroke Prevention Training on Safe Operating Procedures
and First-Aid for Equipment Use
Protection of Women's Rights and Interests
Protection of Employees' Legal Rights and Interests
TTM strictly adheres to laws and regulations, such as the Special Provisions on the Labor Protection of Female Employees, and has
TTM regards employees as the most valuable asset of the enterprise and has established a robust system for protecting their rights and formulated the Labor Protection Management System for Female Employees. Female employees do not engage in labor that exceeds the
interests with a human-centered approach. The Company strictly complies with all relevant laws and regulations, fully safeguarding the fourth level of physical labor intensity as stipulated by the state, along with other labor restrictions for female employees. We also provide
legitimate rights and interests of employees. We attract and retain talent through a competitive salary and benefits system as well as a exclusive benefits, such as paid maternity leave and a half-day holiday on Women's Day, and actively organize female care activities and
long-term incentive mechanism. We continuously promote democratic management, maintain diverse communication channels, and legal knowledge training for female employees. These initiatives effectively protect the legitimate rights, interests, and special needs of
enable every employee to participate in co-construction and share in the Company's development. We also provide meticulous care to female employees.
all employees, consistently offering support and warmth in both work and daily life.
Case: Legal Knowledge Lecture - Protection of Women's Rights and Interests
Protection of Employees' Rights and Interests In March 2025, TTM invited lawyers from the Tenet & Partners (Fuzhou) law firm to conduct a legal knowledge lecture on the topic
of "Protection of Women's Rights and Interests" for female employees. The training covered essential laws and regulations
Protection of Human Rights regarding the protection of women's rights and interests. It provided an in-depth interpretation of the specific contents and relief
channels available for the protection of women's right to bodily integrity, personality rights, and privacy rights, with case analyses
to facilitate understanding. This lecture helped female employees strengthen their awareness of legal rights protection while
TTM firmly opposes all forms of discrimination and differential treatment. In recruitment, employment, promotion, and other
simultaneously promoting the Company's vision of building a more equal, inclusive, harmonious, and friendly workplace
processes, employees are protected from unfair treatment based on gender, age, sexual orientation, religion, race, or any other
environment.
factor, ensuring that every employee can develop their career in a fair and equitable environment. The Company strictly prohibits
the employment of forced labor, fully complying with laws and regulations such as the Law on the Protection of Minors, and protects
minors' rights and safeguards the freedom and dignity of all employees. During the Reporting Period, the Company recorded zero
incidents of employment discrimination or forced labor, and the labor contract signing rate reached 100%.
Human Rights Protection Measures
Anti-Discrimination and Diversity
The Company is deeply committed to creating a fair, inclusive, and
diverse working environment. We continuously enhance our fair and
transparent recruitment mechanisms, fully respecting employees' ethnic
customs and religious beliefs in both work and daily life. In addition, we
have made provisions for accessible toilets and barrier-free passages in Legal Knowledge Lecture - Protection of Women's Rights and Interests
the workplace.
Anti-Forced Labor
We continuously improve our supervision and reporting mechanisms. In
the event of any violation, such as the employment of forced labor, the
Company will impose disciplinary sanctions on the responsible
individuals. In serious cases, we will terminate the labor contract and
pursue legal action against the offenders in accordance with the law.
International Women’s Day Activity
Talent Recruitment and Retention Employee Structure
Recruitment
Metrics Unit 2025
TTM strictly adheres to relevant 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, and has established the Number of Employees Person 467
Recruitment and Employment Management System, continuously optimizing the recruitment process, expanding diversified recruitment
channels, and attracting talent from diverse backgrounds. These efforts ensure strong talent support for the high-quality development
Number of Employees of Minority Nationalities Person 28
of the Company.
TTM follows the principles of "openness, equality, competition, and merit-based selection" and the policy of "internal first, external Employee Turnover Rate % 17.89
recruitment as a supplement" for talent acquisition. Internally, the Company selects outstanding employees who meet the position
requirements through employee recommendations and internal competitions. Externally, the Company conducts open recruitment by
Number of Female Employees in Management Person 11
reaching out to the wider society and also organizes campus recruitment through campus lectures, job fairs, and other forms of outreach,
which injects fresh talent into the Company's workforce and contributes to the building of a strong talent pipeline.
Proportion of Female Employees in Management % 37.93
By Educational 55
Background
(Person) (Person)
Doctoral Degree Bachelor's Degree Management Personnel Production Personnel
Social Recruitment Campus Presentation Master's Degree Associate Degree Sales Personnel Technical Personnel
Below Associate Degree Financial Personnel Administrative Personnel
Compensation and Benefit Management Management of Performance Assessment
TTM has established a robust performance appraisal system. At the beginning of each year, reasonable performance objectives are
Compensation and Benefit set collaboratively with employees. Regular performance evaluations and discussions are conducted throughout the year to assess
employees objectively and fairly, providing specific guidance and support for improvement. The Company tailors performance
TTM has established and continuously improved its salary and welfare management appraisal methods to different job categories to ensure relevance and fairness.
system, grounded in the values of "fairness, competitiveness, incentives, transparency, During the Reporting Period, the social
and compliance". We offer a comprehensive and competitive salary and benefits If an employee disagrees with their performance appraisal results, they may file an appeal within three working days. Appeals must
package to all employees. Additionally, a salary growth mechanism is in place, linked to insurance coverage rate was 98 %.
be submitted in writing to the HR Center, which will investigate the matter, collect relevant evidence, and respond within three
working days. If the HR Center is unable to reach a decision on the appeal, a review team will be formed. The review team is led by
employee performance, skills, and contributions, which helps to attract and retain top
talent. This system aims to stimulate employee enthusiasm, foster creativity, and the General Manager and includes the directors of each center. The team's recommendation will then be submitted to the Chairman
enhance overall employee satisfaction and loyalty. for a final decision.
Compensation Structure of Employees
Enhancement of Democratic Governance
Fixed Pay Variable Pay
Democratic Governance Mechanism
Basic Salary: Determined based on the employee's Performance Bonus: Issued based on the employee's performance appraisal
position, rank, and work experience. results.
TTM has established a trade union and an employee congress in accordance with relevant laws. Following regulations such as the Trade
Year-end Bonus：Granted in accordance with both the Company's overall Union Law of the People's Republic of China and the Constitution of the All-China Federation of Trade Unions, the Company has
performance and the individual's performance throughout the year. implemented a Trade Union Management System and an Employee Congress System. These systems strengthen democratic management,
protect employees' rights and interests, and ensure that all related work is conducted in a standardized and rule-based manner. The trade
Equity Incentive：Provided for key positions and senior management
personnel. union is committed to an employee-centered approach, diligently performing the four core functions of maintenance, construction,
participation, and education. It serves as a communication bridge between the Company and employees, fosters a harmonious and stable
Allowances and Subsidies：Include transportation subsidies, housing
labor relationship, and enhances employees' sense of belonging and well-being.
subsidies, and meal allowances, tailored to the specific needs and
characteristics of the position.
Metrics Unit 2023 2024 2025
Employee Benefit System Number of Trade Union Members Person 450 472 467
Number of Projects Approved
by the Employee Congress
Item 2 1 1
Mandated Benefits Company Welfare
Number of Projects Approved
by the Trade Union
Item 2 1 1
Social Security：Provides statutory social insurance Commercial Insurance：Offers supplementary medical insurance, accident
and housing fund benefits to all employees; insurance, and other commercial insurance options for employees;
Statutory Holidays：Include paid leave such as Health Care：Includes annual physical checkups and psychological counseling
annual leave, marriage leave, maternity leave, services;
bereavement leave, and sick leave in accordance
with national regulations and company policies. Employee Care：Includes work meal subsidies, birthday benefits, festival benefits,
special car pick-up and drop-off, labor protection items, uniforms, free haircuts,
and consolation funds;
Employee Training：Offers career development training, skill enhancement
programs, and other learning opportunities to support employees' personal and
professional growth;
Team Building：Organizes regular team-building activities to strengthen team
cohesion and foster collaboration.
Communication and Interaction with Employees Resolution of Labor Disputes
The Company has established diverse and effective communication channels that transcend departmental, hierarchical, and regional The trade union supervises the Company's compliance with labor laws and regulations and safeguards employees' legitimate rights and
boundaries. These channels promote collaboration and open dialogue among employees, cultivate a transparent and trustworthy work interests in areas such as remuneration, rest and vacation, and occupational safety and health. In the event of labor disputes between
environment, and support team cohesion and sustainable growth. employees and the Company, the trade union actively participates in mediation. If mediation is unsuccessful, the union assists employees
in applying for arbitration with the labor dispute arbitration institution or filing a lawsuit with the people's court, in accordance with the
law.
Employee Communication Channels
Labor Dispute Mediation Commission
Information System Employee Symposia/
WeChat and Email The Company has established a Labor Dispute Media-
(OA, etc.) Employee Congress
tion Committee, responsible for publicizing relevant
Facilitates efficient handling of Enables unrestricted communica- Listens to employees' voices and
laws and regulations, mediating labor disputes, and
internal business, paperless office tion among employees, regardless helps employees solve practical supervising the implementation of agreements.
work, and practices that are of region, department, or time to problems in a timely and effective
low-carbon, energy-saving, and ensure efficient office operations. manner.
environmentally friendly.
Employee Care
Employee Activities
TTM is committed to fostering a cohesive and supportive team environment and organizes a variety of employee activities to promote
relaxation, enhance communication, and demonstrate the Company's care and support.
Employee Symposium
Employee Satisfaction Survey
To gain a comprehensive understanding of employees' opinions and suggestions regarding company work, TTM has developed the
Management Method for Employee Satisfaction Survey. Through questionnaires and interviews, the Company conducts quarterly
satisfaction surveys, as well as surveys on important daily management matters, covering all employees. The Human Resources
Department is responsible for collecting and analyzing the survey results, preparing a survey analysis report, and providing feedback to
relevant departments to continuously improve and refine management practices, thereby enhancing overall employee satisfaction.
During the Reporting Period, the Company conducted the 2025 Employee Satisfaction Survey, with 112 participants, achieving an overall
satisfaction score of 80.33 points. Flower Arrangement Farewell Banquet for Departing Employees
Employee Assistance Diversified Training Programs
Guided by a people-oriented principle, the Company organizes the "Care and Support Program" initiative during key occasions such as
the Spring Festival and July 1st, providing visits and support to employees in need.
Helps new employees gain a comprehensive understanding of the Company and quickly adapt to
New Employee Induction Training our corporate culture, work environment, rules and regulations, and essential job knowledge.
Protection of Employees' Mental Health
On-the-job Skill and Professional Equips employees with the knowledge, skills, and attitudes necessary to excel in their roles,
The Company continuously strengthens employee mental health
Mindset Training enhances individual performance, and contributes to the overall success of the team.
protection system. Adhering to the principles of privacy,
confidentiality, and timely intervention, we provide comprehensive
psychological support to employees and fosters a healthy, positive
Addresses the need for core and key talent reserves during the Company's rapid growth, while
working environment. To support mental well-being, the Company Reserve Talent Preparatory Training providing internal promotion opportunities to support employees' career development.
regularly hosts mental health lectures and related activities, while
also offering individual and team counseling. These efforts ensure
that employees can receive timely assistance to address Promotes the advancement of a learning-oriented organization, introduces modern management
Middle and Senior Management Capacity
psychological challenges, relieve work-related stress, and enhance concepts, and strengthens the professional quality and capabilities of middle and senior
Development Training management teams.
their mental resilience.
Lecture on Mental Health
Develops a professional internal lecturer team to execute the Company's training plans efficiently
Training on Teaching Skills for Internal
and effectively, ensures knowledge transfer, and cultivates talent aligned with the enterprise's
Part-time Lecturers development needs.
Employee Training and Development
Offers targeted training for employees across different levels and positions, including programs on
Other Project-based Training
corporate culture, teamwork, and collaboration skills.
TTM considers talent to be the core driver of enterprise development. The Company establishes clear career pathways for every
employee and maintains a multi-dimensional training system encompassing technology, management, and overall professional growth.
Through structured curriculum resources, mentorship, and practical guidance, employees are encouraged to continuously develop their
skills, cultivate craftsmanship, and align their personal growth with the Company's development.
Case: DeepSeek Large Model and Enterprise Application Practice
Employee Training Management On March 25, 2025, the Company conducted training on the DeepSeek large model and enterprise application practices for all
office staff. This initiative helped employees gain a deeper understanding of the core capabilities of the DeepSeek large model,
promoted the practical application of AI technology in business processes, and improved overall work efficiency.
Construction of Training Platform
To foster a learning and innovative management team, enhance overall employee competence, and develop a high-quality talent pool
for the future, the Company has established the TTM Enterprise College and implemented the Training Management System of TTM
Enterprise College. The college provides planned, systematic, and continuous training for all employees, ensuring that every staff member
can effectively contribute to the Company's strategic goals. The TTM Enterprise College oversees the planning, implementation, and
monitoring of the Company's training programs. It leads both internal and external training initiatives across all employee levels, covering
areas such as professional skills, management capabilities, mindset development, corporate culture, and training for high-potential
employees and promotion candidates.
Lecturer Team Building
TTM has established an internal lecturer team and developed the Qualification Evaluation System for Internal Part-time Lecturers to
standardize the selection and management of lecturers. Additionally, the Company has formed the Part-time Lecturer Certification
Management Committee, which oversees the selection, assessment, grading, and classification of internal lecturers. This committee DeepSeek Large Model and Enterprise Application Practice
plays a key role in advancing the Company's internal training system toward professionalism, standardization, and consistency.
Case: Themed Training on" Career Value Breakthrough in the AI Era" Metrics Unit 2023 2024 2025
On August 6, 2025, to accelerate the integration of artificial intelligence into digital transformation, the Company organized the Investment in Employee Training RMB 10,000 29 53 72
event titled "AI Engine: Empowering Luojiang (Phase 4) – Career Value Breakthrough in the AI Era." The event was attended by
leaders from the Luojiang District Bureau of Industry and Information Technology, senior executives of machinery equipment and
disposable hygiene products enterprises in the district, as well as the Company's senior executives and technical personnel. Number of Employee Training Sessions Sessions 48 55 70
Number of Participants in Employee Training Person-times 565 1,479 3,013
Total Hours of Training Hour 1,453.5 1,715 1,965.5
Employee Development Paths
TTM adheres to the principles of fairness, impartiality, and transparency in career advancement, promoting employees based on their
performance, abilities, and potential. Employees are continuously encouraged to enhance their professional and management
capabilities. Based on job nature, responsibilities, and career development direction, the Company provides multiple career development
paths, including the management path, professional path, and technical path, facilitating both horizontal and vertical growth and
Themed Training on "Career Value Breakthrough in the AI Era"
offering comprehensive development opportunities for employees.
Social
Philanthropy
Co-Creating Better Society
TTM actively fulfills our corporate social responsibility by increasing investments
in expanding local employment, providing targeted public welfare assistance, and
empowering industrial development to support rural revitalization. This approach
ensures that the achievements of enterprise growth benefit the region more
significantly, shaping the image of a "Responsible TTM". In alignment with the Belt
and Road Initiative, the Company supports infrastructure and industrial
development along the regions of the Belt and Road through technical exchanges
and capacity-building efforts, driving shared growth and common development.
·Contribution to Communities
·Public Welfare and Charity
·Rural Revitalization
SDGs Responded
Contribution to Communities Public Welfare and Charity
Rooted in Luojiang District, Quanzhou City, and guided by the principle "Industry Gives Back to the Community, Responsibility Empowers To actively fulfill its social responsibilities and advance its corporate mission, the Company has established institutional frameworks
People's Lives," TTM supports community development across four key areas: employment security, economic empowerment, community including the Public Welfare Management System, which clearly defines the organizational structure and responsibilities for public welfare
co-construction, and talent development. This strategy ensures deep integration between enterprise growth and community prosperity, management. This system ensures that the Company's public welfare activities are standardized, professional, and sustainable, enabling
creating a positive and sustainable impact. In line with the Fujian Provincial Peaceful Construction Regulations, which aim to build a consistent contributions to social welfare initiatives. The Company has also set up a dedicated Public Welfare Fund and a Public Welfare
governance model of co-construction, co-governance, and shared benefits, the Company proactively promotes harmonious Project Committee, which carries out a wide range of public welfare activities in compliance with relevant laws and regulations, including
co-development between the enterprise and local communities. TTM has established a three-tier organizational structure, comprising a charitable donations and volunteer services. Emphasis is placed on rigorous project review, process supervision, and public disclosure to
core decision-making level, an executive coordination level, and a supervision and feedback level. This structure ensures systematic and ensure that public welfare resources are used accountably and effectively. In addition, the Company actively encourages employee
effective community communication, guarantees the smooth implementation of community construction projects, maintains positive participation in volunteer services, fostering a corporate culture of caring and social responsibility. Through these efforts, the Company
enterprise-community relations, and strengthens the Company's image as a socially responsible enterprise. is committed to promoting the sustainable and coordinated development of the enterprise and society as a whole. During the Reporting
Period, the Company's total investment in social public welfare amounted to RMB 140,700.
Case: Elderly Care Activity on the Double Ninth Festival
On October 29, 2025, the manager of the Company's public welfare group, along with public welfare volunteers, participated in a
visit and condolence activity for the Double Ninth Festival. On behalf of the Company, they purchased CNY 5,000 worth of essential
living materials—such as oil and rice—for the elderly of Tanding Village and Jiaonan Village in Heshi Town. During the visit, they
extended festival greetings and provided heartfelt care to the elderly residents of these villages.
Community Communication
Public Consultation on Major Projects: As part of the "Intelligent Production
Construction Project for Asphalt Equipment," the Company has engaged in
community consultation to gather feedback from residents in Jiaonan Village and the
surrounding areas of Heshi Town, Luojiang District. This consultation has been carried
out through three key methods: posting notices on bulletin boards in nearby villages,
conducting online publicity campaigns, and organizing forums with village leaders.
Community Resident Communication: The Company regularly holds forums with local
Employment Support Elderly Care Activity on the Double Ninth Festival
village leaders to provide updates on the progress of the project and the
implementation of environmental protection measures. Additionally, the Company
organizes "Factory Open Day" events to invite local residents to observe the The Company has created 18 Case: Special Scholarship for Universities
environmental protection systems in operation, and better understand the Company's
commitment to environmental protection.
employment posts, accounting for The Company has established the "Chang'an University -
Government Department Communication: The Company is actively involved in
TTM Scholarship" to recognize respected faculty
improving the quality management system certification for small and micro
enterprises in Luojiang District. This includes close communication with the Market 3.85 % of the total workforce. members and outstanding undergraduate and
postgraduate students at the School of Construction
Supervision Bureau of Luojiang District and third-party certification organizations to
clarify the development of a green supply chain and carbon management system, as Machinery of Chang'an University. This initiative supports
well as to implement the "one enterprise, one policy" improvement plan. In addition, the college in nurturing highly skilled and innovative
the Company co-hosted the "Quanzhou Venture Capital Day - Beijing Stock Exchange
talent in the field of construction machinery. In 2025,
Listing On-site Exchange Meeting" in collaboration with the Finance Bureau of
Luojiang District. This event brought together key financial leaders from both urban
TTM awarded a scholarship of CNY 10,000 for 2 teachers
and district levels to discuss specific steps toward enterprise listing and explore how and 7 students each.
such initiatives can contribute to regional economic growth. Teachers and Students from Chang'an University
Receiving TTM Scholarship
Additionally, the Company has set up the "Fujian TTM Scholarship" at Shandong Jiaotong University, focusing
on fostering high-level, applied talent with distinctive capabilities. During the Reporting Period, TTM awarded
a total of RMB 100,000 to 10 students from Shandong Jiaotong University.
Rural Revitalization Case: Cooperation with Ama's Oil - TTM Supports Rural Revitalization for a Win-Win Future
Guided by the shared goal of advancing
TTM views rural revitalization as a critical strategic direction for the Company's sustainable development. By employing diverse initiatives rural revitalization and modernizing
and innovative models, the Company actively contributes to the comprehensive revitalization of rural areas. These efforts aim to foster agricultural development, TTM and Ama's
thriving industries, an eco-friendly living environment, civilized rural customs, effective governance, and an improved quality of life. TTM Oil have officially formed a strategic
is committed to playing a key role in the realization of a new rural development model, which focuses on strong agriculture, beautiful partnership. Together, they will build and
countryside, and prosperous farmers. promote local agricultural product brands,
explore innovative approaches to support
Achieve the modernization of agriculture and rural areas, and improve the living agriculture through resource coordination
Rural Revitalization Objectives
standards of farmers.
and model innovation, enhance farmers'
benefits, and contribute to the sustainable
development of rural communities.
Thriving industries, eco-friendly living environment, civilized rural customs,
Rural Revitalization Policy
effective governance, and prosperous life.
Strategic Cooperation for Supporting Rural Revitalization
Develop modern agriculture, improve the ecological environment, upgrade public
Rural Revitalization Strategy
services, promote rural culture, and enhance the governance system.
Beijing Stock Exchange Self-Regulatory
Appendix
Guide to Corporate
Sustainability Reporting Guidelines for
Chapters and Sections Sustainability Reporting
Standards (GRI Standards) Listed Companies No. 11 - Sustainability
in China (CASS-ESG 6.0)
Report (for Trial Implementation)
Article 11 Article 24
Indexes Response to
Climate Change
E1.1.1/E1.1.2/E1.1.3/E1.1.4/E1.1.5/E
Article 20 Article 26
Article 21 Article 27
E1.1.19 Article 22 Article 28
Article 23
Beijing Stock Exchange Self-Regulatory
Guide to Corporate
Sustainability Reporting Guidelines for
Low-Carbon Environmental E2.1.1/E2.1.2/E2.1.3/E2.1.5/E2.1.6/E Article 11 Article 30
Chapters and Sections Sustainability Reporting 303-4/305-7/306-1
Standards (GRI Standards) Listed Companies No. 11 - Sustainability Compliance 2.2.1/E2.2.3/E2.2.5/E2.2.6/E2.2.7/E2. Article 29 Article 31
in China (CASS-ESG 6.0) Operations: /306-2/306-3
Report (for Trial Implementation) Management 4.1/E2.4.2/E2.4.3/E2.4.4/E3.3.4 Article 33
Safeguarding a
Article 4 Green Future E3.1.1/E3.1.2/E3.1.3/E3.1.4/E3.1.5/E Article 11 Article 35
About This Report 2-2/2-3 P1.1/P1.2 Resource 302-1/302-3/302-4
Article 6 3.2.1/E3.2.2/E3.2.3/E3.2.4/E3.3.1/E3. Article 34 Article 36
Management /303-3/303-5
Message from the Chairman / P2.1 /
Ecosystem and
Biodiversity 101-2/101-8 E2.3.2/E2.3.3 Article 32
Company Profile 2-1 P3.1 / Protection
Corporate Culture / P3.2 / S2.1.1/S2.1.2/S2.1.3/S2.1.4/S2.15/S2.
Innovation-Driven Article 1
/ 1.6/S2.1.7/S2.1.8/S2.1.10/S2.1.11/S2.
Development Article 42
Business Overview / P3.3 /
About TTM
Innovation Article 11
Supply Chain
Honors / / / Empowerment: Management
Article 46
Building
ESG Performance Trust through
Highlights in 2025 Responsibility Article 11
of Products 416-1 S3.3.1/S3.3.2/S3.3.4/S3.3.5/S3.3.6
Article 47
and Services
Special Feature: Sailing
with Smart Manufacturing, Data Security and
/ / / 418-1 S3.4.1/S3.4.2/S3.4.3/S3.4.4 Article 48
Shaping the Global Future with Privacy Protection
Craftsmanship
ESG Goal Occupational S4.2.1/S4.2.2/S4.2.3/S4.2.4
/ / / 3-5/403-6/403-7/403-8/403- Article 49
and Vision Health and Safety /S4.2.5/S4.2.6
People-Oriented
Management:
ESG Governance G1.1.1/G1.1.2/G1.1.3/G1.1.5 Protection of S4.1.1/S4.1.2/S4.1.3/S4.1.4/S4.1.5/S4.
System /G1.1.6/G1.1.8/G1.2.4 Employees' Legal 1.6/S4.1.8/S4.1.9/S4.1.10/S4.1.11/S4.
ESG /406-1/408-1/409-1 Article 50
Talent Rights and Interests 1.12
Management Development
Communication with Article 9
Stakeholders Article 53 Employee Training Article 49
and Development Article 50
Management of
Material Topics S1.2.1/S1.2.5 Article 38
Communities
Social
Standardization of
Corporate / Article 51 203-2 S1.2.1/S1.2.2/S1.2.5/S1.2.6
/2-20/2-27/207-1/207-2 and Charity Article 40
Governance Co-Creating
Standardized Better Society
Governance: Article 38
Protection of Rural Revitalization 203-1/203-2 S1.1.1/S1.1.2
Strengthening Investors' Rights 2-16 / / Article 39
and Interests
Growth
Foundation Indexes / A3 Article 57
Article 54 Appendix
Adherence to 2-25/2-27/205-2 G2.1.1/G2.1.2/G2.1.3/G2.1.4/G2.1.5
Article 55
Business Ethics /205-3/206-1 /G2.1.6/G2.1.8/G2.2.1/G2.2.2/G2.2.3
Article 56 Feedback Form / A6 Article 9
Feedback Form
We appreciate your time in reading the 2025 Environmental, Social and Governance Report of Fujian Tietuo Machinery Co., Ltd. To
improve TTM's performance in environment, society, and governance, further enhance its sustainable development capabilities and
levels, and strengthen communication with all sectors of society, we sincerely hope that you will provide valuable feedback and
suggestions on our work and report amidst your busy schedule.
Your Information
Name： Tel：
Unit： Email：
Multiple Choice Questions (Please check the appropriate box)
□ Good □ Average □ Needing Improvement □ Good □ Average □ Needing Improvement
□ Good □ Average □ Needing Improvement □ Good □ Average □ Needing Improvement
□ Good □ Average □ Needing Improvement □ Good □ Average □ Needing Improvement
□ Good □ Average □ Needing Improvement
□ Good □ Average □ Needing Improvement
首页
微信公众号
证券之星APP
