ENVIRONMENTAL, SOCIAL AND
Address: No. 2198, East Section of Development Avenue,
Jiaojiang District, Taizhou City, Zhejiang Province
Tel:0576-8981-1901
GOVERNANCE REPORT 2025
Email: sjzqb@crystal-optech.com
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
CONTENTS
Foreword
About This Report 01
Chairman’s Speech 03 About Environmental, Social and Standardized Governance Low-Carbon Actions,
Crystal-Optech 05 Governance Management 11 and Steady Operation 21 Green Development 35
Company Profile 07 ESG Goals and Vision 13 Standardizing Corporate Governance 23 Addressing Climate Change 37
and Performance
Stakeholder Engagement 16 Practicing Business Ethics 31 Resource Management 54
Materiality Issue Management 18
Gathering Strength for
Technology Empowerment, People-Oriented, Uniting Public Welfare, Benefiting
Value Co-Creation 63 for Common Progress 93 People’s Livelihood 115
Looking
Ahead 119
Innovation-Driven 65 Occupational Health and Safety 95 Rural Revitalization 117
Appendix
Supply Chain Management 72 Protecting the Legitimate Rights and 104 Public Welfare 118
Interests of Employees
Index of Indicators 121 Product and Service Safety and Quality 79
Employee Training and Development 111
Feedback Form 123 Data Security and Privacy Protection 89
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Foreword
REPORT 2025
Data Sources
Foreword
The financial data in this report is derived from the 2025 Annual Report of Zhejiang Crystal-Optech Co., Ltd. Other information and
data are sourced from statistical summaries compiled by relevant internal departments or from publicly available Company docu-
ments. The content of this report contains no false records, misleading statements, or material omissions. Unless otherwise speci-
About This Report
fied, all monetary amounts in this report are denominated in yuan.
Report Overview
This report is the second Environmental, Social and Governance (ESG) report issued by Zhejiang Crystal-Optech Co., Ltd. Adhering Definition of Terms
to the principles of objectivity, standardization, transparency, and comprehensiveness, this report provides a detailed overview of
For the convenience of presentation and reading, the terms in this report are defined as follows:
the management strategies, practices, and performance of Zhejiang Crystal-Optech Co., Ltd. and its holding subsidiaries in the envi-
ronmental, social, and governance domains during the 2025 period.
Term Definition
Crystal-Optech, the Company, or we Zhejiang Crystal-Optech Co., Ltd.
Yeshili Yeshili New Materials Co., Ltd.
Jiangxi Crystal-Optech Jiangxi Crystal-Optech Co., Ltd.
Report Scope
Linhai Crystal-Optech, Xintaijia Xintaijia Optoelectronics Co., Ltd.
Time Scope: This report covers the period from January 1, 2025 to December 31, 2025. Some statements and data are appropriately
traced back and extended to improve the comparability and completeness of the report. Vietnam Crystal-Optech Crystal-Optech Vietnam Co., Ltd.
COTC COTC HOLDING PRIVATE LIMITED
Organizational Scope: This report covers Zhejiang Crystal-Optech Co., Ltd. and its holding subsidiaries. Unless otherwise specified,
the scope of this report is consistent with that of the Company’s annual report.
COTV COTV HOLDING PRIVATE LIMITED
COT Vietnam COT VIETNAM CO.,LTD.
Jiangxi Jingchuang Jiangxi Jingchuang Technology Co., Ltd.
Jingte Optics Jingte Optics Technology Co., Ltd.
Reporting Cycle
This report is an annual Environmental, Social and Governance report, released once a year.
Report Access and Feedback
This report is published in both Chinese and English. In case of any ambiguity or conflict between the two versions, the Chinese ver-
sion shall prevail. You can access and download the electronic version of the report on the official website of the Shenzhen Stock
Exchange (http://www.szse.cn/), CNINFO (http://www.cninfo.com.cn/), the official website of Zhejiang Crystal-Optech Co., Ltd.
Basis for Preparation (https://www.crystal-optech.com/), and the Company’s official WeChat account.
Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 — Standardized Operation of Main Board
Listed Companies
If you have any comments or suggestions on this report, please contact us through the following channels:
Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 17 — Sustainability Report (Trial)
GRI Sustainability Reporting Standards(GRI Standards) issued by the Global Reporting Initiative (GRI) Address: No. 2198, East Section of Kaifa Avenue, Jiaojiang District, Taizhou City, Zhejiang Province
China Enterprise Sustainability Reporting Guidelines(CASS-ESG 6.0) issued by the China Enterprise Reform and Development Society
Postcode: 318014
Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)
Tel: 0576-89811901
United Nations Sustainable Development Goals (SDGs)
Sustainability Accounting Standards Board (SASB) Standards Email: sjzqb@crystal-optech.com
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Chairman’s Speech
REPORT 2025
Chairman’s Speech
Over the past year, we firmly advanced our green transformation and fulfilled our commitment to low-carbon development. Guided
by principles of green, economic, and intelligent operations, we enhanced the efficient use of resources, leading the industry
towards a green and low-carbon future. We continuously promoted water conservation projects, including the recycling of dicing
and cutting water, reuse of ultra-concentrated water, constant-flow water-saving retrofitting of cleaning machines, and reuse of
treated wastewater from treatment stations in cooling towers. We advanced energy-saving projects such as cold energy recovery
and waste heat recovery from air compressors. We implemented a digital management system, “Smart Facility Management,” effec-
tively improving resource utilization efficiency and reducing energy consumption. The Company actively engaged in climate action,
reducing carbon emissions through measures such as purchasing and utilizing green electricity, installing photovoltaic systems,
optimizing production processes, and deploying energy storage equipment.
Li Xiayun, Chairman of Crystal-Optech
Over the past year, we strengthened innovation and talent development, building a robust engine for long-term growth. The Com-
pany continued to increase R&D investment, reinforcing our innovation foundation through Integrated Product Development (IPD)
management methods, the construction of multiple R&D platforms, and talent cultivation. We deepened industry-university-re-
search collaboration, formally initiating a school-enterprise partnership with Shaanxi University of Science and Technology to jointly
explore new paradigms for integrating industry and education. Adhering to a people-oriented approach, we continuously improved
our welfare security system, perfected career development paths, and safeguarded the legitimate rights and interests of employees.
Dear shareholders, investors, partners and friends from all sectors of society:
We established a “Business School” training platform and assembled a team of external lecturers, providing employees with abun-
dant training resources and personalized learning support, enabling every member of the Crystal-Optech family to grow and
Hello everyone!
achieve their dreams alongside the Company.
The year 2025 marked the decisive final year for concluding the 14th Five-Year Plan. Guided by our strategic focus and the opera-
Over the past year, we actively fulfilled our social responsibilities and dedicated ourselves to giving back to society. The Company
tional policy of “Persisting in ‘Two Reductions and Three Lowerings,’ Implementing Site Management, Building a Dual Circulation
actively engaged in public welfare initiatives, spreading positive energy. In the new stage of consolidating poverty alleviation
System, and Leveraging Momentum for Further Growth!” , Crystal-Optech maintained steady business operations, continuously
achievements and comprehensively promoting rural revitalization, the Company integrated resources, innovated support models,
strengthened its core competitiveness, and once again achieved high-quality development. We remain committed to deeply inte-
and comprehensively carried out initiatives in consumption support, educational support, and employment support. We earnestly
grating ESG principles into our corporate development strategy, actively assuming responsibilities towards our shareholders, em-
fulfilled our corporate citizenship responsibilities, ensuring that the benefits of development reach wider areas and more people.
ployees, the environment, and society while pursuing economic benefits, and striving to create long-term, shared value.
Looking ahead, Crystal-Optech will steadfastly uphold its original aspiration and mission, “Innovation makes optics more powerful,
Over the past year, we continuously improved corporate governance to solidify the foundation for transparent operations. The Com-
optics makes the world a better place.” With a broader vision, greater resilience, and a more open attitude, we will embrace change,
pany strictly adheres to the principles of lawful and compliant operations, consistently strengthening its compliance risk manage-
deepen our focus on our core business, strengthen innovation-driven development, and deepen our ESG practices. We will join
ment and internal control systems. We regularly conduct evaluations of internal control effectiveness to enhance governance effi-
hands with all stakeholders to collectively address challenges, seize the opportunities of our times, and unwaveringly pursue the
ciency. We value communication and interaction with investors, actively exploring new technologies in investor relations manage-
path of high-quality and sustainable development, contributing to the prosperity of society.
ment. We introduced AI technology, integrating a digital human intelligent response function on our official WeChat account to
improve interactive efficiency. We strengthened anti-corruption and integrity awareness among all employees, having all staff sign
Finally, we would like to express our sincere gratitude to our shareholders, investors, partners, and friends from all walks of life for
an Integrity and Self-Discipline Commitment Letter, providing anti-corruption training, conducting audits on business ethics-related
their continued interest in and support for Crystal-Optech.
content, and encouraging both internal and external stakeholders to jointly foster an honest and fair business environment.
-Optech
Company Pro?le
???? Annual Highlights and Performance
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE About Crystal-Optech
REPORT 2025
Corporate Honors
Company Profile
Company Introduction
Zhejiang Crystal-Optech Co., Ltd. was founded in August 2002, with its headquarters in Taizhou, Zhejiang Province. It was listed on
the Shenzhen Stock Exchange in September 2008 (Stock Abbreviation: Crystal-Optech; Stock Code: 002273). February 2025 May 2025
Awardee:Crystal-Optech Awardee:Crystal-Optech
The Company specializes in the R&D, production, and sales of products related to optical imaging, thin-film optical panels, automo- Award Name:Second Place among Enterprises with Annual Tax Payment of Award Name:China Patent Excellence Award (Certificate officially issued in May 2025;
Over 100 Million Yuan in 2024 review results announced in December 2024)
tive electronics (AR+), and reflective materials. Our products are widely used in consumer electronics, automotive optics, and AR/VR Issuing Authority:CPC Jiaojiang District Committee of Taizhou City, Jiaojiang Issuing Authority:China National Intellectual Property Administration
District People’s Government of Taizhou City
fields. For over two decades, the Company has remained dedicated to innovation within the optical industry, striving to become a
world-class premier one-stop optical expert. Guided by the three strategic principles of “Globalization, Technology-driven, and
Open Cooperation,” Crystal-Optech has established comprehensive, in-depth, and stable cooperative relationships with domestic
and international end customers. We possess strong comprehensive competitive advantages in fields such as thin-film optics, semi-
conductor optics, and precision manufacturing. Currently, the Company has established six major production bases, covering
approximately 1,000 acres, located in Taizhou, Zhejiang (Binhai, Jiju District, Linhai), Yingtan, Jiangxi, Dongguan, Guangdong, and June 2025 August 2025
Awardee:Crystal-Optech Awardee:Crystal-Optech
Vietnam.
Award Name:Excellent Supplier of 2024 Award Name:Zhejiang Provincial Premium Manufactured Product 2025
Issuing Authority:Xiamen Panasonic Electronics Information Co., Ltd. Issuing Authority:Department of Economy and Information Technology of Zhejiang
Province
Development Strategy
Globalization
Markets: Seven subsidiaries and offices covering the Greater China region,
Pan-Asia Pacific region, European and American markets
Production: Six production bases distributed at home and abroad, providing ser-
August 2025 September 2025
vices for international and domestic customers Awardee:Crystal-Optech Awardee:Crystal-Optech
Award Name:Taizhou “Intelligent Premium Product” 2025 Award Name:Zhejiang Provincial Excellent New Industrial Product 2025
R&D: Leverage overseas subsidiary platforms to build an international R&D Issuing Authority:Taizhou Municipal Bureau of Economy and Information Issuing Authority:Department of Economy and Information Technology of Zhejiang
Technology Province
cooperation system.
Technology Orientation
Based on the technical platforms of the Central Research Institute and the Technolo-
gy R&D Center, we have vertically integrated the entire process from advanced mate-
rials, optical coating, ultra-precision nano-manufacturing to precision module device
packaging, forming a one-stop agile integrated solution spanning from early design September 2025 November 2025
Awardee:Crystal-Optech Awardee:Crystal-Optech
and development to trial production and mass production. Award Name:Best Practice Case of Internal Control for Listed Companies Award Name:Zhejiang Provincial Leading Private Economic Headquarters Enterprise
Open Cooperation Issuing Authority:China Association for Public Companies Issuing Authority:Department of Economy and Information Technology of Zhejiang
Province
Maintaining close technical and business cooperation with the upstream and down-
stream of the industrial chain
Corporate Culture
Mission:Innovation makes optics more powerful, optics makes the world a Core Values:Learning, growth, gratitude, November 2025 November 2025
better place. sharing Awardee:Crystal-Optech Awardee:Yeshili
Award Name:Excellent Partner Award 2025 Award Name:Outstanding Contribution Unit to the Reflective Materials Industry
Vision:To become a world-class leading one-stop optical expert Business Philosophy:Be a noble person and Issuing Authority:VOYAH Automobile Technology Co., Ltd. Issuing Authority:China Association of Traffic Enterprise Management
doing excellent things.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE About Crystal-Optech
REPORT 2025
Economic Performance Governance Performance
Net Profit Attributable to Shareholders Proportion of Female Proportion of Number of Participants in
Operating Revenue of the Listed Company Total Assets Directors Independent Directors Anti-Corruption Training
Person-times
Response Rate on Total Cash Dividend
Interactive Easy Platform
Environmental Performance Social Performance
Environmental Protection R&D Investment Cumulative Number Customer Complaint
Rectification Rate of Hidden Qualified Rate of
Investment of Authorized Patents Resolution Rate
Environmental Hazards Pollutant Monitoring
Customer Satisfaction Product Qualification
Product Recall Rate
Rate
Recycling Rate of
Hazardous Waste
Proportion of Recycled Water
in Total Water Consumption
Recycling Volume of
General Waste Score
Tons
Total Investment in Work Safety
Safety Training Investment Work Injury Rate
Total Clean Energy Consumption
Total Greenhouse Gas Emissions 60.5 626 0%
(Scope 1 and Scope 2) 10,000 yuan 10,000 yuan
New Occupational Assistance Amount for Total Hours of
Disease Cases Employees in Difficulty Employee Training
Greenhouse Gas Emission Reduction
Total Investment in Total Investment in
Rural Revitalization Social Welfare
Environmental,
Governance
Management
ESG Goals and Vision
ESG Governance
Stakeholder Engagement
Materiality Issue Management
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Environmental, Social and
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Governance Management
REPORT 2025
Corresponding Relevant
ESG Goals and Vision Focus Area 2025 Initiatives of Crystal-Optech
Section SDGs
Crystal-Optech integrates the ESG philosophy as a vital component of its corporate development strategy. Focusing on areas such
as corporate governance, green manufacturing, and social responsibility, we seize opportunities presented by the new era of sus- The Company has established a sound work safety man-
agement system to fully protect the occupational health
tainable development, strive to contribute to the United Nations Sustainable Development Goals (SDGs), and guide the Company
and safety of employees; accelerated the construction of
towards a higher quality and more sustainable development path. talent teams relying on the Crystal Business School and
employee training programs; formulated the Administra-
People-Oriented， tive Procedures for the Labor Protection of Female Em-
Corresponding Relevant
Focus Area 2025 Initiatives of Crystal-Optech Uniting for ployees to safeguard the legitimate rights and interests of
Section SDGs female employees; recruited talents through diversified
Common
Progress channels such as social recruitment, campus recruitment
The Company has continuously improved its governance
and online recruitment; established a fair and reasonable
structure, strengthened compliance risk management and
salary management system and a scientific performance
internal control, and consolidated the cornerstone of the
Social appraisal mechanism; respected the cultural differences
Standardized Company’ s development. At the same time, the Company
Responsibility and customs of different nationalities, ethnic groups and
Corporate Governance has standardized information disclosure practices, pro-
religions, and rejected any form of forced labor.
Governance and tected the legitimate rights and interests of investors,
Steady Operation strengthened communication with stakeholders through
various activities such as performance exchange meetings
and Q&A on the Interactive Easy Platform, and built a
healthy and sustainable capital market ecosystem.
Gathering
The Company has actively responded to the national
Strength
rural revitalization strategy, promoted local development
for Public
through consumption assistance, education assistance,
The Company has optimized the energy utilization struc- Welfare，
employment assistance and other means; actively carried
ture, promoted the use of clean energy such as photovol- Benefiting
out public welfare activities, and earnestly fulfilled social
taic power and green electricity, strengthened water People’s
responsibilities.
resources management, enhanced water conservation Livelihood
Low-Carbon Actions awareness, promoted the recycling of energy and water
Green
and Green resources through technological upgrading and process
Manufacturing
Development improvement; actively participated in climate change gov-
ernance, reduced carbon emissions, and led the industry’ s
low-carbon transformation; practiced the concept of
circular economy and improved material utilization effi- ESG Governance
ciency.
Governance Structure
Crystal-Optech comprehensively strengthens its ESG management system by establishing a three-level governance structure con-
sisting of the “Board of Directors — Strategy and Sustainable Development Committee — ESG Joint Working Group.” It has formu-
The Company keeps up with the cutting-edge of the
lated the ESG Work Rules, forming a standardized management mechanism. Concurrently, the Company has developed the ESG
industry, continuously promotes technological innovation,
and builds a complete talent supporting mechanism and Work Management Manual, establishing mechanisms for risk monitoring, budget management, information management, and per-
Technology
Social Empowerment technological innovation system; maintains long-term and formance management, improving the materiality management process, and promoting the transformation of the Company’ s ESG
Responsibility and Value stable cooperative relations with suppliers, improves the
management towards “systematized operation,” thereby providing institutional support for continuously improving the ESG man-
Co-Creation whole life cycle management process of products, and
promotes the improvement and optimization of product agement level. Furthermore, the Company incorporates ESG performance indicators related to environmental protection and occu-
and service quality. pational health and safety into the executive compensation system. This incentivizes the executive team to proactively assume sus-
tainable development responsibilities, drives substantial progress in areas such as energy conservation, emission reduction, and
green supply chain construction, and ultimately empowers the Company’s high-quality development.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Environmental, Social and
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Governance Management
REPORT 2025
Crystal-Optech’s ESG Governance Structure and Responsibilities ESG Capacity Building
Governance Body Composition Responsibilities The Company actively invites third-party experts to conduct specialized ESG training, systematically interpreting ESG policies and
rating systems, and providing specific improvement directions and practical case references from the three dimensions of environ-
Responsible for overseeing and approving
the ESG strategy and policies, ensuring
alignment with the Company’s long-term
ment, society, and governance. During the exchange and discussion sessions, various departments engaged in in-depth discussions
development goals.
Board of Directors on topics such as ESG data collection, performance targets, and implementation path planning, effectively building internal consen-
Members of the sus on ESG work. This training further clarified the core goals and key implementation milestones for the 2025 ESG work, not only
Board of Directors Responsible for formulating ESG strategies,
overseeing ESG performance and major
deepening participants’ understanding of ESG concepts and practical requirements but also laying a solid foundation for the Com-
Decision- decisions; identifying and supervising
Making Level Strategy and Sustainability ESG-related risks and opportunities, and
guiding management to adopt appropriate pany’s subsequent systematic promotion of ESG work.
Committee
ountermeasures.
General Manager of the Formulate and implement ESG guidelines,
Management Level
Company, heads of strategies and targets, manage risks and
functional departments
ESG Joint Working Group improve systems, supervise the implementa-
Execution Level
responsible for ESG tion of practices, and comprehensively
matters, ESG liaisons of advance the Company’s ESG work.
subsidiaries
During the Reporting Period, the Company’ s Wind ESG rating was upgraded from B to A, thanks to its excellent practices and inno-
vative breakthroughs in the ESG field, demonstrating the Company’ s robust capabilities in systematic ESG management and sus-
tainable development. This remarkable rating upgrade is a strong recognition of Crystal-Optech’ s long-term commitment to prac-
ticing the green development concept, deepening social responsibility, and improving governance system construction.
ESG Risk Management
Crystal-Optech fully considers ESG-related impacts, risks, and opportunities during strategy implementation, risk management, and
major decision-making processes. Referring to the International Sustainability Standards Board (ISSB) IFRS S1 and S2 standards
and domestic guidelines, the Company carries out information disclosure work around the four core pillars of governance, strategy,
risk management, and metrics and targets. The Company comprehensively identifies and assesses ESG risks faced in various busi-
ness segments, covering key areas such as climate change, occupational health and safety, supply chain management, and product
quality, and takes countermeasures to continuously monitor risks. The Board of Directors, as the highest governing body for ESG,
assumes ultimate oversight responsibility in ESG risk management, ensuring the Company’ s safe, stable, and sustainable develop-
ment. Crystal-Optech 2025 ESG Kick-Off Meeting
ESG Due Diligence
The Company attaches great importance to the identification and management of ESG risks, and strives to deeply integrate the Stakeholder Engagement
concept of sustainable development into the entire process of business operations and value creation. In key links such as supply
chain access and major cooperation, we comprehensively evaluate the performance and potential risks of relevant entities in terms Crystal-Optech values communication and exchange with its stakeholders. The Company establishes diverse communication plat-
of environmental compliance, the use of conflict minerals, labor rights, occupational health and safety, and business ethics. We forms to extensively and deeply gather the demands, expectations, and constructive opinions of various stakeholders. It fully con-
effectively enhance the overall risk resilience and work with stakeholders to promote a responsible, transparent and long-term resil- siders these inputs and responds proactively, striving to create greater comprehensive sustainable development value for stake-
ient development path. holders and achieve mutual benefit and win-win outcomes between the Company and its stakeholders.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Environmental, Social and
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Governance Management
REPORT 2025
Stakeholder Expectations and Our Response
Demands
Materiality Issue Management
Standardizing corporate governance Standardizing corporate governance
Conduct internal audits
Government and Compliance and risk management
The Company has formulated the Materiality Assessment Management System, which fully references the Self-Regulatory Guidelines
Regulatory Tax compliance Tax risk management for Listed Companies on the Shenzhen Stock Exchange No. 17 — Sustainability Report (Trial) (hereinafter referred to as the “Guide-
Authorities Anti-bribery and anti-corruption Practicing business ethics lines” ), while closely considering the characteristics of the industry in which it operates and the actual situation of the Company’ s
operations. It comprehensively assesses the Company’ s performance on various relevant topics, determining whether they have a
significant impact on the economy, society, and the environment (i.e., impact materiality), while also considering whether each topic
Shareholders Protection of shareholders’ Strengthen information disclosure
rights and interests significantly affects the Company’ s business model, business operations, development strategy, financial condition, cash flow,
and Investor relations management
Anti-bribery and anti-corruption
Investors Protect the legitimate rights and interests financing methods and costs, and value chain (i.e., financial materiality). By considering this dual materiality, and also referring to
Stakeholder communication of minority shareholders
relevant requirements of international mainstream sustainability reporting standards, a materiality analysis is conducted on the
topics within the Company’s topic database. The specific implementation steps are as follows:
Occupational hazard factor testing
and protection
Occupational health and safety Protection of employee rights
Employee training and development Compensation and welfare system
Employees Materiality Analysis Method
Protecting the legitimate rights and Employee training management
Assessment Process
interests of employees Employee development paths
Strengthen democratic management and Analyze the macro environment based on global megatrends and China’ s industrial devel-
employee care Step 1
opment trends, the industry, and the Company’ s business model to identify the Company’ s
Understand the Company Context stakeholders and the impacts, risks, and opportunities it faces.
Customer privacy protection
Data security and privacy protection
Customers Strict control of product quality and safety
Using the 21 topics set forth in the Guidelines as the basis for the topic list, and referring to
Product and service safety and quality
Protection of customer rights Step 2 relevant requirements of international mainstream sustainability reporting standards, as well
as topics covered by peers in the industry, and benchmarking against the UN Sustainable
Initial Topic Screening
Development Goals (SDGs), the Company established its 2025 ESG topic database, compris-
ing a total of 29 topics.
Build a responsible supply chain
Suppliers Supply chain security Conduct supplier safety training
Impact Materiality Assessment:
Conflict minerals management Identify the potential or actual positive or negative impacts of each topic on the external
environment, society, and economy. Conduct research and analysis on stakeholders through
questionnaires (250 questionnaires recovered), combined with expert judgment, to assess
Step 3 topics with impact materiality.
Carry out school-enterprise cooperation Financial Materiality Assessment:
Industry Materiality Assessment
R&D and innovation Identify and assess risks and opportunities under relevant topics through analysis of
Associations Build innovation platforms
impacts, dependencies, and other factors, combined with expert judgment and the risk
identification and assessment lists of various Company departments, to assess topics with
financial materiality.
GHG emission management
Promote energy conservation
Addressing climate change and emission reduction
Step 4 Form a list of topics with impact materiality and financial materiality, ensuring that rele-
Environmental compliance management Environmental compliance management vant topics are disclosed transparently, in a balanced manner, and completely in the
Environment Topic Confirmation and Approval
Pollutant emissions report.
Compliant pollutant emissions
Waste management Improve resource utilization efficiency
Energy utilization Implement green office practices
Ecosystem protection
Support rural revitalization
Rural revitalization in targeted areas
Community
Social contribution Participate in public welfare and
charitable activities
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Environmental, Social and
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Governance Management
REPORT 2025
? Environmental Compliance
Management
Topics
Materiality Description
?? ? Energy Utilization Environmental Dimension Social Dimension Governance Dimension
?? ? Addressing Climate Change
?? Circular Economy
?? ? Addressing Climate Occupational Health
?? ? Water Resource Utilization Change and Safety
?
?? ? Pollutant Emissions Topics with both Financial Environmental Compli- Inhovation-Driven
?
? ? Waste Management ance Management Product Safety and /
?? ??
and Impact Materiality
? ?? ? Ecosystem and Biodiversity Energy Utilization Quality
?? ? Protecting the Legitimate Rights Pollutant Emissions Responsible Supply
?? ?
?? ?? and Interests of Employees
? Waste Treatment Chain Management
? ?? ?? Employee Training and Development
??
??
? ?? Occupational Health and Safety
??
?? ?? Innovation-Driven Topics with Financial Materiality
/ / /
?? Technology Ethics but not Impact Materiality
?? Product Safety and Quality
?? ? ?? Protection of Customers’Rights
and Interests
?? Information Security and Privacy Protection of Share-
Protection Protecting the Legiti-
?? holders’ Rights
?? Responsible Supply Chain Management mate Rights and
Standardized Corporate
?? Equal Treatment of SMEs Interests of Employees
Governance
?? Social Contribution Employee Training and
Anti-commercial Bribery
?? Rural Revitalization
Circular Economy Development
Topics with Impact Materiality and Anti-corruption
?? Protection of Shareholders’Rights
Water Resource Protection of Custom-
but not Financial Materiality Anti-unfair Competition
and Interests Utilization ers’ Rights and Interests
?? Standardized Corporate Governance
Tax Compliance
Information Security
?? Anti-Commercial Bribery and Anti-Corruption
Risk Management
and Privacy Protection
?? Anti-Unfair Competition
Due Diligence
Social Contribution
?? Tax Compliance
Stakeholder Engage-
Rural Revitalization
?? Risk Management
ment
?? Due Diligence
ESG Governance
?? Stakeholder Engagement
?? ESG Governance
Technology Ethics
/
Topics with neither Financial Ecosystem and Equal Treatment of
Topics with both Financial and Topics with Impact Materiality but not Materiality nor Impact Materiality Biodiversity Protection Small and Medi-
Impact Materiality Financial Materiality um-sized Enterprises
Topics with Financial Materiality Topics with neither Financial Materiality nor
but not Impact Materiality Impact Materiality Crystal-Optech Material Topic List
Crystal-Optech Materiality Matrix
Standardized
Governance and
Steady Operation
Our Philosophy
Crystal-Optech always adheres to leading high-quality development
with high-quality Party building, continuously improves the internal
governance system, strengthens internal control, and ensures the
scientificity and compliance of decision-making. The Company
places high importance on protecting investor rights and interests,
establishing transparent and mutually trusting investor relations
through close communication. Upholding the principle of integrity in
operations and adhering to business ethics, we provide a solid guar-
antee for achieving high-quality corporate development.
Our Actions
Adhere to Standardize Corporate Governance, Strengthen Internal
Control, Protect Investor Rights and Interests, Practice Business
Ethics.
Responded SDGs
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Standardized Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
and Steady Operation
REPORT 2025
Standardizing Corporate Governance Operational Mechanisms
Crystal-Optech adheres to the principle of lawful and compliant operations, continuously improves its internal governance, and Shareholders’ Meeting
enhances management efficiency. Concurrently, the Company persistently refines its information disclosure and investor communi-
cation mechanisms, striving to build transparent and mutually trusting investor relations. The Company strictly formulates the Rules of Procedure for Shareholders’ Meetings in accordance with relevant laws and regulations
such as the Company Law and the Securities Law. The convening, notification, holding, and voting procedures of the Shareholders’
Meeting strictly follow established rules, adopting a combination of on-site meetings and online voting to facilitate shareholder par-
Governance Structure
ticipation in decision-making. For major matters affecting the interests of minority investors, votes are counted separately for
Crystal-Optech strictly complies with the requirements of relevant laws and regulations, including the Company Law of the People’ s minority investors, and the voting results are promptly disclosed to protect the participation and voting rights of minority share-
Republic of China (hereinafter referred to as the “Company Law” ), the Securities Law of the People’ s Republic of China (hereinafter holders.
referred to as the “Securities Law” ), and the Shenzhen Stock Exchange Stock Listing Rules. It has formulated the Articles of Associa-
tion of Zhejiang Crystal-Optech Co., Ltd. (hereinafter referred to as the “Articles of Association” ), forming a governance structure
composed of the Shareholders’ Meeting, the Board of Directors and its special committees, and senior management, ensuring the
Company’s compliant operation and effective functioning.
During the Reporting Period
Shareholders’ The Company convened a total of 5 Shareholders’ Meetings, including 1 Annual Shareholders’ Meeting and 4 Extraordinary
Meeting
Board of Major Decision-Making External Circulation Shareholders’ Meetings, reviewing and approving 19 proposals.
Directors Committee Project Team
Transformation Office
Strategy and New
Business Task Force
Securities Affairs Center Business and
Operations Task Force
Audit and Supervision Center
Three Platforms Capacity
CEO Building Task Force
General Manager’s Office
Middle Office Back O?ce
Marketing
Technology Platform Supply and Manufacturing Platform
Platform
Business Intelligent Human Finance
Central Research Technology R&D Development Supply Chain Information Base Operations
Manufacturing Resources Center Center Center
Institute Center Center Center Center
Center
Board of Directors
Linhai Crystal-Optech
Hong Kong Company
Account Business Unit 1
Account Business Unit 2
Customer Business Unit
Taijia Electronic Information Technology Co., Ltd.
Automotive Optoelectronics Division
Yeshili New Materials Co., Ltd.
Jiangxi Crystal-Optech
Jingchuang Technology
Japan Company
Jingjing Optech
Jingchi Optech
Jingte Optics
Hangzhou Branch
Shenzhen Branch
COTC
The Board of Directors is the decision-making body of the Company, elected by the Shareholders’ Meeting, and is responsible for
the formulation and execution of the Company’ s daily operational decisions. In accordance with the Articles of Association, the Rules
of Procedure for the Board of Directors, and other regulations, the Company standardizes the deliberation and decision-making pro-
Vietnam Crystal-Optech
cedures of the Board to ensure the timeliness and effectiveness of its decisions. All procedures for convening, holding, deliberating,
COTV
USA Company
and voting of Board meetings are legal and compliant, with complete and accurate meeting records, effectively safeguarding the
quality and efficiency of the Company’s major development strategies and operational decisions.
Xianju Yeshili
The Company’ s Board of Directors has four special committees: the Strategy and Sustainable Development Committee, the Remu-
neration and Appraisal Committee, the Nomination Committee, and the Audit Committee. Each special committee exercises its
powers in accordance with their respective rules of procedure, namely the Rules of Procedure for the Strategy and Sustainable
COT Vietnam
Development Committee, the Rules of Procedure for the Remuneration and Appraisal Committee, the Rules of Procedure for the Nomi-
nation Committee, and the Rules of Procedure for the Audit Committee, providing professional advice and support for the Board’ s
decisions, and effectively protecting the rights and interests of all shareholders and creditors. Among them, the Audit Committee
Crystal-Optech’s Organizational Structure Chart legally undertakes and performs the functions of the Board of Supervisors as stipulated in the Company Law.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Standardized Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
and Steady Operation
REPORT 2025
Diversity
During the Reporting Period
The Company values the diversification of the Board of Directors, fully considering factors such as gender, age, ethnicity, culture,
The Company held 12 meetings of the Board of Directors and deliberated and approved 50 proposals; held 4 special
educational background, skills and knowledge, and professional experience to ensure diverse perspectives are brought to the Com-
pany’ s strategic decision-making. The Company nominates director candidates in accordance with the Articles of Association, who meetings of independent directors and deliberated 4 proposals; the Strategy and Sustainability Committee held 2 meetings
are elected by vote at the Shareholders’ Meeting for a term of three years. The Company’ s Board of Directors consists of 12 direc-
and deliberated 2 proposals; the Nomination Committee held 2 meetings and deliberated 5 proposals; the Audit Commit-
tors, with one new employee representative director added during the Reporting Period. Board members possess professional
knowledge and industry experience in multiple fields, including corporate management, economics, finance, financial accounting, tee held 4 meetings and deliberated 15 proposals; the Remuneration and Assessment Committee held 5 meetings and
auditing, legal compliance, and the automotive industry, providing a strong foundation for the Company’s decision-making.
deliberated 10 proposals.
Gender Education Background Age Distribution
Remuneration Management
In accordance with the provisions of the Company Law, the Articles of Association, the Rules of Procedure for the Remuneration and
Assessment Committee of the Board of Directors and other regulations, the Company has formulated the 2025 annual remuneration
plan for directors and senior executives. The internal directors and senior executives of the Company implement an annual salary
system based on structural salary, which consists of three parts: basic salary, performance salary and benefit bonus. The remunera-
tion of independent directors is determined by the allowance plan reviewed and approved by the Board of Directors and the Gener-
Male Female Bachelor’s Degree Over 60 years old
al Meeting of Shareholders.
Master’s Degree 50-60 years old
The remuneration plan for non-independent directors and senior management is researched, formulated and proposed by the
Doctoral Degree Under 50 years old
Remuneration and Assessment Committee, and submitted to the Board of Directors for deliberation and approval. Among them, the
Diversity of Board Members director remuneration plan also needs to be submitted to the General Meeting of Shareholders for deliberation, with a standardized
and transparent decision-making process. In addition, the Company also discloses detailed information on the remuneration of
directors and senior executives in the annual report to facilitate the understanding and supervision of shareholders and the public.
Independence
The Company has formulated systems such as the Independent Director Working System, which clarifies the responsibilities and per-
formance methods of independent directors, and continuously improves the performance efficiency of independent directors.
During the Reporting Period, the Company optimized and improved the working mechanism of special meetings for independent
directors, guaranteed the on-site working hours of independent directors, strengthened performance efficiency, and ensured the
independence and professionalism of their decision-making. The independent directors of the Company maintained independent
performance, actively participated in relevant meetings, carefully reviewed various proposals, and effectively safeguarded the rights
and interests of the Company and all shareholders. Independent directors conduct self-inspection on their independence every year
and submit the self-inspection report to the Board of Directors. The Board of Directors evaluates the independence of the incum-
bent independent directors every year and issues a special opinion, which is disclosed together with the annual report. During the
Reporting Period, the Company had 4 independent directors, accounting for 33.33%.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Standardized Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
and Steady Operation
REPORT 2025
Compliance Development Case
Study Special Training on Contract Legal Risk Prevention
Internal Control
In January 2025, the Company organized a special training on “Contract Legal Risk Prevention” for the supply chain center.
Focusing on four aspects including before signing, during signing, during performance and the whole process of contract
In accordance with the requirements of relevant laws and regulations such as the Basic Norms for Enterprise Internal Control and the
management, the training systematically sorted out common legal risk points, and carried out targeted Q&A combined with
Code of Corporate Governance for Listed Companies, Crystal-Optech has built and continuously optimized the internal control
the actual supply chain business, which effectively enhanced the legal risk awareness of supply chain business personnel
system. The Company has formulated the Internal Audit Management System and the Internal Audit Work Management System, and
and improved the standardization of contract management.
established the Audit Committee of the Board of Directors and the Audit Department to inspect and supervise the establishment
and implementation of the Company’s internal control system, the authenticity and integrity of the Company’s financial information,
etc. The Audit Department evaluates and supervises the risk management of various departments of the Company, holding subsid-
iaries and participating companies with significant influence, including but not limited to strategic, financial, market, operational and
legal risks, and is subject to the supervision and guidance of the Audit Committee at the same time. The internal audit of the Com-
pany adheres to the principles of independence, avoidance, prudence, confidentiality, impartiality, objectivity and seeking truth from
facts. During the Reporting Period, the Company carried out a total of 16 audit projects, with a rectification rate of 76% for audit
issues.
The Company continuously strengthens the construction of internal control, takes the effectiveness of internal control as an effec- Special Training on Contract Legal Risk Prevention
tive guarantee and support for operation, and continuously promotes the construction of internal control from five aspects: control
environment, risk assessment, control activities, information and communication, and supervision activities, to promote the stan-
Tax Management
dardized operation of the internal control system of the Company and its affiliated enterprises. The Company carries out the effec-
tiveness evaluation of internal control every year, and truthfully discloses the Self-Evaluation Report on Internal Control. During the In strict compliance with the provisions of relevant national laws, regulations and policies such as the Law of the People’ s Republic of
Reporting Period, Crystal-Optech was successfully selected into the “Best Practice Cases of Internal Control for Listed Companies” China on the Administration of Tax Collection, the Interim Regulations of the People’ s Republic of China on Value-Added Tax, and the
by the China Association for Public Companies. Enterprise Income Tax Law of the People’ s Republic of China, Crystal-Optech has formulated the Financial Management System, con-
tinuously improved the tax management system, actively fulfilled tax payment obligations, timely and publicly disclosed tax-related
information, effectively managed and controlled tax risks, and comprehensively improved the Company’ s tax management capabili-
In terms of operation mechanism, the Company strengthens the man-
ties.
agement of compliance awareness in key areas, links and personnel,
organizes multiple legal knowledge training sessions, improves the During the Reporting Period
awareness of compliance and risk control of all employees, and ensures
the steady operation of the Company.
The total amount of taxes paid by the Company was 582.4126 million yuan.
Related Party Transaction Management
To further standardize the management of related transactions, Crystal-Optech has formulated the Measures for the Administration
of Related Transactions, which clarifies the identification of related parties, transaction decision-making authority, deliberation pro-
cedures and information disclosure requirements. All related transactions of the Company strictly follow the corresponding approval
procedures of the Board of Directors or the General Meeting of Shareholders, and are announced and disclosed in a timely manner.
During the deliberation process, the mechanism of abstention from voting by related directors and related shareholders is strictly
implemented. Related transactions follow the market-oriented pricing principle to ensure fair and equitable transaction conditions.
Best Practice Case of Internal
The Audit Committee of the Company is responsible for supervising the performance of related transactions, and effectively pro-
Control for Listed Companies
tects the legitimate rights and interests of the Company and all shareholders, especially minority shareholders.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Standardized Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
and Steady Operation
REPORT 2025
terms of offline communication, the Company continues to enrich investor exchange activities. During the 2025 Investor Day event,
Protecting Investor Rights the Chairman and the head of the AR business were invited to provide investors with a detailed introduction to the Company's "15th
Five-Year Plan" strategic framework and the latest developments in the AR industry, precisely addressing key concerns raised by
investors.
Crystal-Optech always attaches great importance to the protection of investor rights and interests, strictly adhering to the princi-
In 2025, the Company was honored with the "16th China Listed Company Investor Relations Management Tianma Award" and the
ples of truthful, accurate, and complete information disclosure, and promptly disclosing information related to the Company’ s oper-
"2024 Zhejiang Investor Reward Excellence Case" by the Zhejiang Listed Companies Association. It was also included in the China
ations and governance. The Company continuously keeps communication channels with investors open, building efficient interactive
Listed Companies Association's 2025 Cash Dividend List for Listed Companies. These accolades fully reflect the capital market's high
bridges through diverse forms, while also improving the mechanism for protecting shareholder rights, equally safeguarding the
recognition of the Company's investor relations management and its effectiveness in delivering returns to investors.
legitimate rights and interests of various types of shareholders, and consolidating the foundation of trust in the capital market.
Information Disclosure
In strict compliance with the relevant requirements of the Shenzhen Stock Exchange such as the Measures for the Administration of
Information Disclosure of Listed Companies, the Stock Listing Rules, and the Self-Regulatory Guidelines for Listed Companies No. 5 –
Administration of Information Disclosure Affairs, the Company has formulated systems such as the Implementation Rules for the
Information Disclosure Management System and the Administrative System for the Suspension and Exemption of Information Disclo-
sure, established an effective information disclosure management mechanism, standardized the information disclosure behavior of
the Company, and safeguarded the legitimate rights and interests of the Company, investors and other stakeholders. During the
Reporting Period, the Company fulfilled its information disclosure obligations for periodic reports and interim reports in accordance
with laws and regulations, and there were no penalties from securities regulatory authorities due to violations of information disclo-
sure.
Investor Reception Day Event Investors Visiting Crystal-Optech Activity
During the Reporting Period
The Company disclosed a total of 4 periodic reports and 70 interim announcements.
During the Reporting Period
The Company effectively answered 140 investor questions on the “Hudong Yi” platform, achieving a 100%
Capital Market Public Opinion Management response rate. It proactively disclosed 20 records of investor relations activities, held 5 online performance briefings
for periodic reports, proactively released 3 “Understanding the Company’ s Periodic Reports and Performance Fore-
The Company incorporates reputation management into the core link of value management, formulated the Emergency Handling
cast in One Picture” posts and 1 “Understanding the ESG Report in One Picture” post on its official WeChat account,
System, and timely eliminates information deviation through real-time public opinion monitoring and rapid response and clarifica-
held 1 open exchange meeting for investors, and hosted 1 “Investors Visiting Listed Companies” activity.
tion, to help investors make rational judgments and maintain the corporate image in the capital market.
Investor Relations Management
To establish a diversified and multi-channel investor communication system and ensure timely dissemination of the Company's
operational information, we have leveraged our official WeChat account to launch distinctive columns such as "Visualizing Regular
Reports," "Digital Human Interpretations," and "Investor Q&A Selections," continuously innovating the format of information disclo-
sure. Among these, the "Digital Human Interpretations" column utilizes digital human technology to create an exclusive avatar of the
Chairman, offering visual explanations of core data, performance growth logic, and key drivers in regular reports. This approach
enhances the efficiency and readability of information transmission in a vivid and intuitive manner, yielding positive market feed-
back.The Company has established a dedicated "Investor Relations" section on its official WeChat account, integrating practical fea-
tures such as stock price inquiries, financial summaries, and an investor calendar. Additionally, it includes an AI digital human intelli-
gent response module, promoting the deep integration of artificial intelligence technology with investor relations management.In
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Standardized Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
and Steady Operation
REPORT 2025
Protection of Shareholders’ Rights and Interests
During the Reporting Period
Crystal-Optech attaches importance to protecting the legitimate rights and interests of minority shareholders, strictly following the
The signing rate of the Company’ s Letter of Commitment on Integrity and Self-Discipline was 95% (for personnel
above P4 level, 500 people were required to sign, and 475 people actually signed.)
profit distribution policies and share repurchase clauses stipulated in the Articles of Association. The Company’ s profit distribution
policy maintains continuity and stability while taking into account the long-term interests of the Company, the overall interests of all
shareholders, and the Company’s sustainable development, ensuring that shareholders share the fruits of development.
Indicator 1 Unit 2023 2024 2025 Corruption Risk Assessment
Total Cash Dividends Paid 41,239.49 41,261.99 41,562.34
yuan
performance of its subsidiaries, supply chain, and production processes. It encourages supply chain partners to jointly adhere to
Proportion of the Net Profit Attributable to
integrity and ethical standards, ensuring consistency between the internal and external business environment. The Company reports
Shareholders of the Listed Company in the % 68.70 40.07 35.45
Consolidated Financial Statements audit results and rectification plans to the Board of Directors and management, and after summarizing the issues found in the
audits, communicates them to all employees through internal meetings, corporate information platforms, and other channels,
Cash Dividend Per Share yuan 0.3 0.3 0.3 enhancing the transparency of supervision.
Integrity Culture Building
The Company actively promotes the deep integration of integrity culture with the corporate governance system and job responsibil-
ities, actively carries out anti-corruption publicity activities, and regularly conducts anti-corruption training for employees, effec-
Practicing Business Ethics tively strengthening the integrity awareness of all employees.
Crystal-Optech regards anti-commercial bribery and anti-corruption as the cornerstone of corporate governance and sustainable During the Reporting Period
development. It strictly complies with relevant anti-corruption and anti-bribery laws and regulations in its operating locations,
The Company held 3 anti-corruption training session, with 7,680 participants.
strengthens the anti-corruption and integrity awareness of all employees, and encourages both internal and external stakeholders
to jointly foster a clean and fair business environment.
Anti-Bribery and Anti-Corruption
Case
Study Anti-Corruption Work Promotion and Education Conference
Integrity Management System On October 30, 2025, Crystal-Optech held its 2025 Anti-Corruption
Work Promotion and Education Conference. At the meeting, the
Crystal-Optech has formulated systems such as the Control Procedure for Anti-Corruption, Anti-Bribery, and Misappropriation of
Company, in conjunction with the Jiaojiang Public Security Econom-
Company Funds, strictly regulating the behavior of its employees and influencing suppliers to protect the interests of the Company,
ic Investigation Brigade, jointly conducted economic crime warning
shareholders, directors, employees, customers, business partners, and other parties from infringement. In addition, through the
education, providing in-depth analysis and case explanations on
Code of Ethical Conduct and the Employee Handbook, and by having employees sign an Integrity and Self-Discipline Commitment
common crime types such as bribery by non-state functionaries,
Letter, the Company standardizes the integrity and ethical behavior of all employees.
embezzlement, and misappropriation of funds. The conference
The Company’ s business ethics are supervised by committees under the Board of Directors and senior management. The Compa-
called on all employees to be strict with themselves, resolutely resist
ny’ s audit department is responsible for receiving and handling reports and complaints regarding corruption, extortion, and embez-
corruption, actively participate in anti-corruption work, and jointly Themed Warning Education on Economic Crimes
zlement, and the handling results must be submitted to the Audit Committee for review and approval. During the Reporting Period,
create a clean and upright Crystal-Optech.
the Company had no major penalties related to bribery or corruption incidents.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Standardized Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
and Steady Operation
REPORT 2025
Reporting and Complaints During the Reporting Period
Crystal-Optech encourages all employees, partners, and other informed individuals to report any corrupt practices or provide rele- The Company conducted 1 anti-unfair competition training session, with 20 participants.
vant evidence as witnesses in corruption investigations. Upon receiving a report, the Audit Department will establish a special
investigation team within three working days to carry out evidence collection and investigation in accordance with laws and regula-
tions. For confirmed reports, the Company will reward the whistleblower accordingly according to regulations. At the same time, the
investigation results and handling status will be promptly reported to the General Manager and relevant department heads to
ensure serious and closed-loop handling of the case.
Case
Study Key Account Manager Training
To facilitate internal and external personnel in raising issues, the Company has established multiple reporting channels, including an
anonymous email and a dedicated telephone line. The contact information is displayed in prominent positions in office spaces such
During the Reporting Period, the Company orga-
as meeting rooms. The Company solemnly promises to implement the principle of “every report will be investigated, and every
nized relevant key account managers to conduct
real-name report will receive feedback,” and implements a strict confidentiality policy for whistleblower information, effectively
training focusing on the interpretation of fair com-
safeguarding the personal safety and legitimate rights and interests of whistleblowers, and strictly prohibits any form of retaliation.
petition legal provisions, identification of typical
violations, corporate compliance practices, and risk
response, achieving the goals of enhancing em-
Reporting Email: sjb@crystal-optech.com Reporting Hotline: ????-???????? ployee awareness, standardizing behavior, and
reducing corporate compliance risks. Key Account Manager Training
Anti-Monopoly and Anti-Unfair Competition
Crystal-Optech strictly complies with national laws and regulations such as the Anti-Monopoly Law of the People’ s Republic of China
and the Anti-Unfair Competition Law of the People’ s Republic of China. It has formulated the Fair Trading Management Procedure,
with the audit department responsible for centralized management. The Company and all parties mutually keep business secrets
confidential during transactions, explicitly prohibiting employees from illegally obtaining, disclosing, or using the other party’ s busi-
ness secrets, thereby creating a market environment of integrity and fair competition. At the same time, the Company regularly con-
ducts training for employees on the interpretation of anti-unfair competition regulations and risk response. During the Reporting
Period, the Company had no lawsuits or major administrative penalties due to unfair competition practices.
The Company adheres to responsible marketing, formulating the Quality Integrity Management Measures to ensure that all adver-
tisements, introductions, brochures, announcements, etc., are true and credible, and there are no illegal acts such as fabricating or
spreading false facts to disrupt the market order. In addition, the Company regularly organizes quality integrity publicity and educa-
tion for employees, continuously strengthening the quality awareness and professional ethics of all employees. Relevant functional
departments fully leverage the role of the credit risk management mechanism, implementing full-process monitoring of business
activities to effectively identify and avoid various credit risks.
Low-Carbon
Actions, Green
Development
Our Philosophy
Crystal-Optech actively fulfills its responsibility for environmental
protection. Guided by green, economic, and intelligent principles,
we commit ourselves to building an ecological civilization, strength-
ening pollution control and efficient resource utilization, and leading
the industry’s low-carbon transformation. Through concrete actions,
we demonstrate our firm belief and relentless pursuit on the path of
sustainable development, striving to paint a beautiful picture of har-
monious coexistence between economic prosperity and ecological
balance.
Our Actions
Addressing Climate Change, Greenhouse Gas Emission Manage-
ment, Improving Environmental Management System, Pollutant and
Waste Management, Energy Utilization, Water Conservation, Prac-
ticing Circular Economy Principles, Biodiversity and Ecosystem Pro-
tection
Responded SDGs
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Risk/Opportunity Risk/Opportunity Likelihood of Impact Expected
Addressing Climate Change Type Description Occurrence2 Timeframe 3 Financial Impact Countermeasures
Pay close attention to weather
Extreme weather disaster forecasts and equip
Facing the environmental challenges posed by climate change, all of Crystal-Optech’ s production bases continuously improve the such as heavy rain, emergency supplies;
floods and typhoons Establish and improve the emergency
integrated emergency mechanism of “monitoring-warning-response.” On the basis of ensuring safe production, we unswervingly
Acute may cause damage Rising costs and management mechanism, formulate
High Short Term
fulfill our primary responsibility for corporate environmental protection, fully implement the concept of green manufacturing, and Risk to coastal factory reduced revenue emergency plans, and conduct
facilities and regular emergency drills;
are committed to achieving low-carbon, circular, and harmless production processes, reducing energy consumption and carbon production Take reinforcement and protection
emissions. interruption. measures for important equipment
and buildings.
Governance
Physical Drought or water
Crystal-Optech integrates environmental protection and sustainable development into its overall operational strategy. The Board of Risk shortage caused by
climate change may
Directors and management are responsible for supervising and managing matters related to addressing climate change. The Com- expose factories to Build water collection and reclaimed
pany has formulated the Greenhouse Gas Management System, with the Utility Engineering Department responsible for greenhouse water restriction water reuse systems, and apply
policies, affecting the water-free or low-water consumption
gas management, confirming and calculating greenhouse gas emissions, and strengthening the Company’ s climate governance. The cooling system and cleaning technologies;
cleaning processes. At Upgrade the plant cooling system
Company has set up incentive bonuses for energy conservation and consumption reduction project teams to boost the enthusiasm Medium Affected factory
Chronic the same time, and and introduce liquid cooling
Medium production efficiency
of the entire team. During the Reporting Period, the Company conducted training on addressing climate change, explaining the pro- Risk sustained high Long Term technology to replace traditional air
and reduced revenue
temperatures in summer cooling;
cess of identifying, assessing, and managing climate risks and opportunities, effectively strengthening the climate management will lead to a surge in Develop high-temperature resistant
awareness and practical understanding of relevant employees. power demand, and material packaging technology to
may also reduce the improve the thermal stability of
heat dissipation products.
efficiency of electrical
equipment, resulting in
production interruption.
Collect relevant laws and regulations,
Governments at home
update them quarterly, implement
and abroad have
management in accordance with the
increasingly strict If the Company fails
requirements of various regulations,
requirements for to timely disclose the
Short, and conduct compliance evaluation;
greenhouse gas corresponding
Medium Continuously pay attention to the
Policy management such as environmental
High and disclosure requirements for
Risk greenhouse gas information, it may
Long Term greenhouse gas emissions from
accounting and face increased fines
regulators, investment institutions,
investigation, and or impact on export
etc., strengthen carbon emission
carbon emission business
management, and enhance
standards are becoming
information disclosure related to
stricter.
addressing climate change.
Transition
Risk
Consumer demand
Strengthen market research and
shifts to green and
trend analysis, understand the
low-carbon products,
changing trend of consumers’
intensifying market
Crystal-Optech Training on Addressing Climate Change Short, environmental protection needs, the
competition; the
Medium dynamics of competitors’ green
upstream supply chain Increased operating
Market and products and the industry policy
may increase invest- High costs and reduced
Risk Long Term trend, and formulate green marketing
ment in carbon revenue
strategies;
Strategy reduction due to carbon
emission policies,
Give priority to suppliers that provide
low-carbon and environmentally
leading to rising raw
Following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Crystal-Optech identifies and friendly raw materials and services.
material prices and
assesses climate change-related risks and opportunities and actively takes countermeasures to ensure the Company’ s safe and operating costs.
stable operation.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Risk/Opportunity Risk/Opportunity Likelihood of Impact Expected Impact, Risk, and Opportunity Management
Type Description Occurrence2 Timeframe 3 Financial Impact Countermeasures
Crystal-Optech has formulated the Management Procedure for Risk and Opportunity Countermeasures, continuously improving the
The growing demand
for the application of climate change risk and opportunity management process.
energy-saving and
Strengthen the construction of the
carbon reduction
internal R&D team and develop
Technology technologies, and the Short,
energy-saving and carbon reduction Climate Change Risk and Opportunity Management Process
Opportunity upgrading of produc- Medium Reduced
High technologies;
tion processes by and operating costs
Carry out industry-university-re-
enterprises will help Long Term
search cooperation and explore Referring to the TCFD recommended disclosure framework, combined with the external
improve energy
technology introduction. Identify Climate Risks and Opportunities environment, industry, and Crystal-Optech’ s own business characteristics, identify the
utilization efficiency and
risks and opportunities the Company faces in addressing climate change.
reduce carbon
emissions.
Based on risk identification, the Company assesses the materiality of climate risks and
Assess Materiality of Climate opportunities in terms of likelihood and impact timeframe, determining their priority rank-
Providing low-carbon
Risks and Opportunities ing.
products and services
Short,
that meet customer Expanded market
Opportunity Products Medium Accelerate the R&D and innovation of
and needs can bring new High share and increased
and green products.
Services business growth points revenue Through identification and discussion with various units and business groups, assess the
Long Term Analyze Financial Impacts of Material
for the enterprise. potential business and financial impacts of each material climate risk and opportunity, as
Climate Risks and Opportunities well as the current management status of risks and opportunities, and conduct financial
impact analysis based on actual business conditions.
The government has
introduced policies
such as financial Assess the suitability of current control measures for material climate risks and opportuni-
Determine Control Measures for Material
subsidies, tax ties and adjust them. For risks, formulate risk prevention, mitigation, and recovery mea-
Climate Risks and Opportunities
incentives, and green Short, Accelerate energy transformation, sures; for opportunities, adjust business strategies or allocate appropriate resources.
Policy finance to address Medium Reduced operating reduce dependence on traditional
Support High
climate change, and costs fossil energy, and lower carbon
encourage enterprises Long Term emissions.
to improve resource
utilization efficiency,
and provide substantive
Metrics and Targets
support for them.
Based on national carbon peak and carbon neutrality goals and industry development trends, Crystal-Optech sets phased green-
external scenarios, policy implementation progress, and expert predictions. Likelihood ranges from "Low" to "High."
ensure coordination between the Company’s business growth and sustainable development.
categorizes the time horizon as short-term (0-1 year), medium-term (1-5 years), and long-term (5+ years).
Target Content Achievement Status
Reduce carbon emissions per million yuan of output
value by 3% in 2025 compared to 2024 Achieved
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Crystal-Optech accurately calculates and strictly controls greenhouse gas emissions. The Company’ s operational GHG emissions
mainly originate from purchased electricity, gasoline, diesel, and natural gas. The primary GHG is carbon dioxide, with stationary
combustion sources accounting for 99.87%, mobile sources for 0.13%, and fugitive emissions being negligible.The Company's green-
house 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 Electronic Equipment Manufacturers (for Trial Implementation), the Gener-
al Principle for Calculation of Comprehensive Energy Consumption (GB/T 2589-2020), reference coefficients for converting various
types of energy into standard coal in Appendix 4 of the China Energy Statistical Yearbook, the 2023 Power Sector CO2 Emission Fac-
tors, and the China Electric Power Industry Annual Development Report 2024.The core calculation logic of the accounting is Activity
Data × Emission Factor. The relevant accounting results have not been verified by a third-party verification institution.
Indicator 4 Unit 2025
Taizhou Binhai 3.8MW Yeshili 2.325MW
Direct (Scope 1) Greenhouse Gas Emissions tCO₂e 357.12
Indirect (Scope 2) Greenhouse Gas Emissions tCO₂e 20,105.44
Total Greenhouse Gas Emissions (Scope 1 and Scope 2) tCO₂e 20,462.56
?.???
Direct (Scope 1) Greenhouse Gas Emissions
tCO₂e
per Million Yuan of Revenue
Indirect (Scope 2) Greenhouse Gas
Emissions per Million Yuan of Revenue tCO₂e ?.??
Total Greenhouse Gas Emissions (Scope 1 and Scope 2)
per Million Yuan of Revenue tCO₂e ?.?? Jiangxi Crystal-Optech 1.89MW Linhai Crystal-Optech 3.2MW
Greenhouse Gas Emission Reduction tCO₂e 15,714.29
insignificant and have no material impact on the overall results, so they are excluded from the statistics. The same applies to the data on energy
consumption and water resource utilization.
Greenhouse Gas Emission Management
To achieve the greenhouse gas emission reduction targets, the Company has formulated detailed emission reduction measures and
implementation plans, and reduced carbon emissions through the purchase and use of green electricity, photovoltaic power genera-
tion, production process optimization, and the commissioning of energy storage equipment. The Company has established a contin- Energy Storage 5MW/10MWh Project COT Vietnam Photovoltaic Project (Under Construction)
uous improvement mechanism for greenhouse gas management, continuously optimized the Company’ s greenhouse gas manage-
ment system and emission reduction strategies, continuously improved the Company’ s greenhouse gas management level and
emission reduction results, and actively contributed to the realization of the Company’ s sustainable development and climate
Green Electricity Procurement
change response goals.
Photovoltaic Power Generation The Company continuously increases the proportion of green electricity procurement and extensively applies it across various
aspects of its production and operations. In 2023, the Company purchased 70 million kWh of green electricity certificates. In 2024,
Crystal-Optech actively promotes the use of clean energy by installing photovoltaic power generation systems to increase the pro- the Company purchased 130 million kWh of green electricity certificates, of which the Binhai plant procured 27.281 million kWh of
portion of renewable energy used. In 2025, the total installed capacity of Crystal-Optech’ s distributed photovoltaic projects reached green electricity. In 2025, the Company purchased 205 million kWh of green electricity certificates, utilized 160 million kWh, and had
Linhai Crystal-Optech The distributed photovoltaic project at COT Vietnam is also being implemented intensively. through concrete actions.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Green Electricity Certificate Transaction Voucher
Supply Chain Decarbonization
The Company collaborates with suppliers to jointly promote GHG emission reduction in the supply chain, encouraging suppliers to
provide low-carbon, environmentally friendly raw materials and services, optimizing supply chain logistics and distribution, and
reducing GHG emissions during transportation. At the same time, the Company is committed to developing more energy-efficient
and miniaturized optical components, indirectly helping downstream customers (e.g., consumer electronics, automotive electronics)
reduce the energy consumption of their products.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Environmental Compliance Management During the Reporting Period
Crystal-Optech and its branches and subsidiaries Xintaijia, Jiangxi Crystal-Optech, Jiangxi Jingchuang, Jingte Optics,
and COT Vietnam were audited and complied with the requirements of ISO14001?2015 and obtained the correspond-
Crystal-Optech adheres to the environmental policy of “Controlling Environmental Substances, Creating a Green Environment.” It
ing certification certificates.
continuously improves its environmental management system by strengthening source prevention, process supervision, and
resource utilization, effectively enhancing environmental performance and actively practicing the concepts of green operation and
sustainable development.
Environmental Management System
Governance
Crystal-Optech strictly complies with national laws and regulations such as the Environmental Protection Law of the People’ s Repub-
lic of China and requirements in its operating locations. It has formulated internal systems like the Environmental Permit Manage-
ment Measures and takes measures to reduce the environmental impact of its operations. We have established an environmental
management team led by the General Manager, incorporated environmental protection work into performance appraisals, and regu-
larly confirmed the effectiveness of the environmental management system, fulfilling the Company’ s environmental responsibility
through concrete actions. In 2025, Crystal-Optech’ s environmental credit rating was A. The Company experienced no penalties for
Crystal-Optech Environmental Xintaijia Environmental Jiangxi Crystal-Optech Environmental
violating environmental management laws and regulations, and there were no significant deficiencies in its environmental monitor- Management System Certification Management System Certification Management System Certification
ing plans and risk management measures.
General
Manager
Directly
Responsible
Individual
Base Operations Business Subsidiaries / Functional
Center Unit Branches Platform
Environment, ABU1 (Account Jiangxi Jingchuang Environmental Jingte Optics Environmental Vietnam Crystal-Optech Environmental
Health and Safety Management System Certification Management System Certification Management System Certification
Department Business Unit 1)
Logistics ABU2 (Account
Department Business Unit 2)
Indicator Unit 2023 2024 2025
Plant Engineering Customer
???.?? ???.?? ?,???
Environmental 10,000
Department Business Unit Protection Investment yuan
?.?? ?.?? ?.??
Environmental Protection Tax Paid yuan
Environmental Organization Structure Chart
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Environmental Monitoring and Hazard Inspection
Strategy
The Company has formulated the Environmental Monitoring Management Measures, specifying and defining environmental monitor-
As a key pollutant discharge unit, Crystal-Optech remains highly vigilant about environmental issues, systematically identifying and
ing activities and requirements within the management system. The Utility Engineering Department is responsible for monitoring
analyzing various environmental factors in its production and operations, as well as the risks and opportunities arising from these
the discharge of pollutants and solid waste. At the same time, the Company attaches importance to environmental management
factors, and formulating corresponding measures.
hazard inspections, regularly inspecting various production links. For identified hazards, special rectification plans are formulated,
responsible parties and completion deadlines are clarified, effectively preventing and controlling environmental risks at the source.
Risk/Opportunit Risk/Opportunity Likelihood of Impact Expected Financial
Type Description Occurrence Timeframe Impact Countermeasures
During the Reporting Period
With the increasingly
strict environmental
May face high
Timely pay attention to and strictly
abide by relevant laws and
The Company conducted 7 special environmental protection inspections and 14 environmental hazard inspections,
protection policies and
regulations of the fines and regulations on pollutants and waste; achieving a 100% hazard rectification rate.
Policy government, the Short litigation Timely maintain and update
Risk High
Risk Company may face high Term compensation, environmental protection facilities;
fines and litigation increasing Regularly carry out environmental
compensation if there is operating costs hazard investigation and strengthen
non-compliant environmental monitoring.
discharge. Emergency Plans and Drills
Reduce water resource
consumption and The Company has formulated system documents such as the Emergency Plan for Environmental Emergencies and the Emergency
wastewater discharge
Preparedness and Response Procedure, stipulating that the EHS Department of the Base Operations Center is responsible for formu-
through measures such
as wastewater reuse lating and implementing emergency response plans to ensure clear responsibilities and orderly response. At the same time, the
Optimize the production process,
and water-saving
introduce advanced technologies and Company tests the feasibility and effectiveness of emergency plans through drills and continuously optimizes emergency mecha-
technologies; upgrade
equipment to reduce the discharge of
Reduced
and replace waste gas
Technology pollutants and waste; nisms based on drill results, effectively improving overall emergency response and risk control capabilities.
operating costs
Opportunity treatment equip- High Long Term
Opportunity Strengthen the resource utilization of
ment/technology to
waste to achieve efficient resource
reduce waste gas
allocation and benefit transformation.
emissions; improve During the Reporting Period
resource utilization
Crystal-Optech and its subsidiaries organized a total of 5 environmental emergency drills.
efficiency and reduce
resource waste through
waste classification,
recycling and reuse.
Metrics and Targets
Crystal-Optech strictly monitors emission indicators for various pollutants and waste, sets annual environmental targets, and regu-
larly tracks target completion to drive continuous improvement in environmental management.
Impact, Risk, and Opportunity Management
Target Content Achievement Status
Environmental Factor Identification and Evaluation
Zero pollution incidents related to waste gas, wastewater, and noise Achieved
Crystal-Optech has formulated systems such as the Control Procedure for Environmental Factor Identification and Evaluation and the
Zero illegal disposal of solid waste (including hazardous waste),
Management Procedure for Risk and Opportunity Countermeasures. Various departments and business groups identify and confirm Achieved
environmental factors according to regulations and output the List of Significant Environmental Factors, clarifying potential environ-
Zero illegal disposal of waste containers, 50% container recycling rate Achieved
mental impacts and corresponding control plans to achieve efficient control of environmental risks.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Environmental Training and Publicity Indicator Unit 2023 2024 2025
Pollutant Monitoring
% 100 100 100
Crystal-Optech continuously carries out diverse environmental training and publicity activities. Training content covers environmen- Compliance Rate
tal regulation interpretation, environmental concept promotion, and learning relevant operating procedures. The Company inte- Concurrent Operation Rate of
% 100 100 100
grates environmental concepts into daily work and behavioral norms by displaying posters, playing promotional videos in office Environmental Facilities
areas, and combining them with offline special lectures. Implementation Rate of
“Three Simultaneities” % 100 100 100
for Construction Projects
Wastewater Management
To strengthen wastewater management, the Company has formulated systems such as the Wastewater Management Measures, the
Groundwater and Soil Pollution Prevention and Control Measures, and the Rainwater Pollution Discharge Control Procedure. The EHS
Department of the Base Operations Center is responsible for measuring pollutant emissions in wastewater during production. The
wastewater generated by the Company mainly comes from cold processing and cleaning processes in various stages. In daily opera-
tions, we continuously strengthen the construction and operation management of wastewater pollutant prevention facilities, focus-
ing on reducing waste liquid generation at the source. By optimizing cutting layouts, canceling pre-cleaning processes, and increas-
ing the loading rate of cleaning baskets, we effectively reduce the generation of wastewater and waste liquid.
Environmental Protection Training Environmental Protection Knowledge Competition
Indicator Unit 2023 2024 2025
Wastewater Discharge Volume Ton 1,707,410.82 1,622,847.23 1,872,486.02
Cleaner Production
Chemical Oxygen Demand (COD) Ton 223.75 354.41 311.03
By upgrading core processes such as coating, cleaning, and etching, introducing efficient and low-consumption technologies, and
Ammonia Nitrogen (NH?-N) Ton 3.71 2.01 2.46
establishing reclaimed water reuse systems, the Company continuously improves resource utilization efficiency and reduces waste
generation. In 2023, the Company conducted a cleaner production audit and successfully passed the acceptance, implementing a
Total Nitrogen (as N) Ton 7.70 6.59 8.73
total of 21 cleaner production plans with a total investment of over 5 million yuan, effectively reducing pollutant emissions, energy
consumption, and material consumption, achieving the expected emission reduction and energy-saving goals. In 2025, Crys-
tal-Optech obtained Sony’ s Green Partner certification. In the future, the Company will continue to improve cleaner production
Case
Study Wastewater Treatment Station Operation and Management Training
management and promote the greening of production processes and resource recycling.
In October 2025, Crystal-Optech conducted training
on the operation and management of the wastewa-
ter treatment station. The training aimed to equip
Pollutant Emissions
employees with the core essentials of daily opera-
Crystal-Optech resolutely implements the Environmental Impact Assessment and the “Three Simultaneities” system (environmental tion, monitoring, and adjustment of the wastewater
protection facilities designed, constructed, and commissioned simultaneously with the main project). It participates in emissions treatment system, as well as familiarize them with
trading according to law and systematically monitors the discharge of wastewater, waste gas, and noise by formulating and publish- the maintenance procedures of key equipment,
ing self-monitoring plans for the environment and entrusting third parties for regular testing. During the Reporting Period, all key ensuring the normal operation of the Company’ s
pollutant discharge units of the Company achieved stable compliance, with no major environmental safety accidents or exceedance wastewater treatment system. Training on Operation and Management of Sewage Treatment Plant
incidents, and no impact on employees or surrounding residents.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Waste Gas Management Indicator Unit 2023 2024 2025
General Waste
Ton ?,???.?? ?,???.?? ?,???.??
The Company has formulated the Waste Gas Management Measures, establishing and updating the “List of Waste Gas Emission Generation Volume
Sources” to ensure systematic and standardized emission control. The Company’ s waste gas mainly originates from product manu- General Waste Recycled/
Reused Volume
Ton ???.?? ?,???.?? ?,???.??
facturing processes. Currently, 8 sets of waste gas treatment facilities are installed, using processes such as activated carbon
adsorption and acid/alkaline scrubbers for centralized treatment. During the Reporting Period, through the phase-out of projects
General Waste Disposal Volume Ton ?,???.?? ?,???.?? ?,???.??
involving sapphire LED substrates, spherical lenses, and AR projection engines, the Company reduced waste acid by approximately
Generation Volume
Ton ???.?? ???.?? ???.??
Indicator Unit 2023 2024 2025 Hazardous Waste Disposal Volume Ton ???.?? ???.?? ???.??
Hazardous Waste
Waste Gas Emission Volume Ton 3.384 3.814 3.418
Recycling and Reuse Rate % ?? ?? ??
Volatile Organic
Compounds (VOC) Ton 2.225 2.421 0.84
Noise Management Waste Compliance Disposal
Noise sources controlled by the Company include noise generated by the operation of production equipment such as air compres- The Company strictly classifies and stores waste according to the National Catalogue of Hazardous Wastes and entrusts qualified
sors, fans, pumps, and chillers, as well as noise from contractors’ construction activities within the plant area. We have formulated units for safe disposal. In daily management, the Company has established a comprehensive waste ledger and traceability mecha-
the Noise Management Measures, systematically identify and control noise sources from production equipment and construction nism, setting and regularly reviewing key performance indicators such as reduction rate and recycling rate, continuously promoting
activities, and adopt comprehensive noise reduction measures such as installing sound insulation facilities, adding silencers, and systematic and standardized solid waste management.
equipment vibration isolation to effectively reduce noise impact at the factory boundary.
Waste Management
Crystal-Optech has formulated the Industrial Solid Waste Management Measures. The General Manager’ s Office, Supply Chain
Center, EHS Department of the Base Operations Center, and Logistics Department of the Base Operations Center participate in the
Company’s solid waste management. The EHS Department of the Base Operations Center is responsible for classifying and regularly
updating industrial solid waste, formulating management specifications, conducting training and publicity, and proposing specific
measures to reduce the generation of industrial solid waste and promote comprehensive utilization. In 2025, the total amount of
waste recycled and reused by the Company was 1,613.51 tons, accounting for 53% of the total waste.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Waste Disposal Practices Resource Management
Source Separation: Set up clearly labeled trash bins (e.g., recyclables, other waste) in production
workshops and office areas. Crystal-Optech actively optimizes the energy structure, lays out clean energy projects, promotes efficient energy circulation and
Compliant Disposal: Cooperate with qualified renewable resource recycling companies for recyclables;
entrust other general waste to local municipal sanitation departments or compliant waste removal
resource reuse; relying on the smart energy management platform, it realizes accurate metering and intelligent control of various
units for transport to waste-to-energy incineration plants. energy consumption such as water, electricity and gas, and simultaneously promotes the elimination of high-energy-consuming
Storage and Transport: Establish unified temporary storage points for general solid waste within the
Non-Hazardous Waste plant area, ensuring rain and seepage prevention to avoid secondary pollution; standardize the equipment and technological transformation, continuously reducing production energy consumption.
removal process to prevent spillage.
Resource Management System
Accurate Identification and Classification: Identify hazardous waste according to production
processes, use special leak-proof closed containers for storage, and affix “Hazardous Waste Labels”
Governance
conforming to national standards with clear information.
Safe Storage: Set up independent “Hazardous Waste Temporary Storage Warehouses” conforming to Crystal-Optech strictly complies with national laws, regulations, and rules such as the Energy Conservation Law of the People’ s
national standards, store different types of hazardous waste in separate areas, and strictly implement
the warehouse entry and exit registration system. Republic of China and the Water Law of the People’ s Republic of China. It has formulated systems including the Energy Management
Compliant Transfer and Disposal: Only entrust disposal to qualified units holding a Hazardous Waste
System, Planned Water Use Management System, and Water Conservation Management System, clarifying departmental responsibil-
Operation Permit with corresponding disposal capabilities; strictly implement the “Hazardous Waste
Transfer Manifest” system; use professional disposal methods such as safe landfill, high-temperature ities and resource management requirements. The Company has established an Energy Conservation and Consumption Reduction
Hazardous Waste incineration, physical-chemical treatment, and resource utilization (e.g., waste solvent recovery and
purification) based on the nature of the hazardous waste. organization, led by the General Manager, with the Base Operations Center taking the lead in coordinating various Business Units
Emergency Preparedness: Develop special emergency plans for hazardous waste leakage, fire, etc.; and subsidiaries to implement the Company’ s energy conservation and consumption reduction targets. The main types of energy
equip emergency supplies and organize regular drills to ensure rapid and effective response.
used by the Company include natural gas, diesel, gasoline, electricity, and other clean energy sources; the production water used is
primarily municipal water supply.
Energy Saving and Consumption
Reduction Organizational Structure
General Manager
Reducing Waste Generation
By promoting cleaner production and optimizing process flows, the Company reduces solid waste generation at the source while
Base Operations Center
actively exploring effective paths for waste resource utilization. We reduce the generation of by-products and waste emissions by
selecting precise materials, controlling input quantities and reaction conditions; we increase the utilization of raw materials and
reduce the generation of scraps by adjusting dicing process technology, thereby reducing waste emissions.
Case
Account Business Unit ?
Account Business Unit ?
Customer Business Unit
Jiangxi Crystal-Optech
BD Stacking Optimization
Base Operations Center
Vietnam Crystal-Optech
Linhai Crystal-Optech
Study
Research Institute
Optoelectronics
Automotive
Jingjing
In the BD stacking process, the Company previously used a combination of 2 dummy pieces + 8 product pieces + 2 dummy
Yeshili
Jingte
pieces. To reduce dummy piece consumption, we optimized the combination to a new stacking mode of 1 dummy piece + 9
product pieces + 1 dummy piece, achieving a 55.56% reduction in dummy piece usage per unit and reducing waste glass
generation by 74 tons annually.
Energy Conservation and Consumption Reduction Organization Structure Chart
To ensure the effective implementation of energy conservation and consumption reduction incentive measures, the Company has
established corresponding assessment indicators and supervision mechanisms. At the same time, the Company pays attention to
cultivating the energy conservation and emission reduction awareness and capabilities of team members, and regularly holds
monthly meetings on energy conservation and consumption reduction as well as energy conservation training to support the sus-
tainable development of the Company.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Impact, Risk, and Opportunity Management
Crystal-Optech integrates factors related to resource utilization and circularity into the Company’ s risk control system, ensuring
consistency with the Company’ s energy and resource policy when planning the energy resource management system. The Company
establishes energy use ledgers and the Seed Energy System to record and analyze energy consumption, identify and assess poten-
tial risks and opportunities in the energy utilization process, formulate corresponding strategies and improvement measures, and
track their implementation, thereby promoting continuous improvement in energy resource performance and building a corporate
core with high energy utilization efficiency and sustainable development potential.
Metrics and Targets
Crystal-Optech sets targets for reducing electricity consumption and water consumption per million yuan of output value, incorpo-
rating them into the annual organizational performance appraisal of each unit and breaking them down for implementation at all
levels.
Target Content Achievement Status
Reduce electricity consumption per million yuan of
Crystal-Optech Energy Conservation Training output value by 3% in 2025 compared to 2024 Achieved
Achieved
Reduce water consumption per million yuan of output
value by 10% in 2025 compared to 2024
Strategy
Energy Utilization
The Company comprehensively sorts out energy consumption data, equipment operation and maintenance ledgers, etc., combined
with policy dynamics and market trend analysis, systematically carries out energy risk and opportunity identification, and forms a list Crystal-Optech anchors energy-saving practices as one of the core driving forces for the Company’ s sustainable development. By
of energy use risks and opportunities. implementing a series of scientific and reasonable energy-saving measures, the Company controls energy consumption at the
Risk/Opportunity Risk/Opportunity Likelihood of Impact Financial Impact source, optimizes the energy utilization structure, and achieves a win-win situation for environmental and economic benefits.
Type Description Occurrence Timeframe Description Countermeasures
Strengthen energy management, set
Energy Consumption at Crystal-Optech Binhai Plant
reasonable energy consumption
targets.
Rising energy prices Increased Indicator Unit 2023 2024 2025
costs, Optimize energy usage structure,
Market will require enterprises
Risk Medium Short-term reduced continuously promote photovoltaic
Risk to pay higher energy
power generation. 10,000
costs. profits Natural Gas 16.41 11.42 11.11
Analyze energy use rationality, Cubic Meter
promptly identify and address
anomalies in energy consumption. Gasoline Ton 22.8 29.12 26.10
Diesel Ton 3.12 10.92 13.10
As the country
emphasizes sustain-
able development, Total Purchased Electricity kWh 199,241,400.00 196,744,594.00 197,468,200.00
Continuously optimize production
enterprises can adopt
Short, processes.
Technology advanced production
Opportunity High Medium, Cost reduction Build an energy management center Non-fossil Energy Consumption kWh 3,489,630.00 4,115,910.2 4,597,890.00
Opportunity technologies and
Long-term and implement a series of technical
equipment to reduce
energy-saving projects.
energy consumption Other Clean Energy Usage kWh 70,000,000.00 157,281,000.00 160,000,000.00
and improve energy
efficienc efficiency.
Total Energy Consumption Tons of SCE 22,893.98 23,187.04 25,039.18
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Energy-Saving Retrofits
Crystal-Optech actively promotes energy-saving retrofits through projects such as equipment renovation and upgrade, air condi-
tioning system optimization, application of high-efficiency equipment, energy recovery and reuse, and application of high-efficiency
lighting, thereby reducing energy consumption. During the Reporting Period, the Company carried out over 70 energy-saving tech-
nology retrofits, including LED energy-saving tube retrofits and independent dedicated pipe energy-saving retrofits for sandblast-
ing machines, saving over 8 million kWh of electricity.
Case
Study Cold Energy Recovery
The liquid nitrogen gasification process releases a
large amount of cold energy. The plant’s PCW system
requires cooling. By directly exchanging the liquid
nitrogen pipeline with the PCW hot water tank, the
cold energy is fully recovered. After the retrofit,
approximately 1.5 million kWh of electricity is saved
annually, reducing carbon emissions by about 937.5 Seed Energy Management System
tons. Picture after Transformation
Case
Study Air Compressor Waste Heat Recovery
Water Resource Utilization
Crystal-Optech’ s production processes involve multiple stages, each with specific requirements for the quality and quantity of pro-
Air compressors generate a large amount of heat
duction water. For instance, in the manufacturing of optical products, processes like cleaning and dicing require substantial amounts
when compressing air. The Company centrally recov-
of pure water and RO water to ensure product quality and precision. The cooling of production equipment also demands a consis-
ers this heat for reuse, such as for supplying hot
tent and stable water supply. To protect and rationally utilize the Company’ s water resources, the Company implements water con-
water to dormitories. This saves approximately 1.5
servation measures, increases the water recycling rate, and reduces fresh water consumption. At the same time, the Company uses
million kWh of electricity annually, reducing carbon
the Water Risk Filter tool developed by the World Wide Fund for Nature (WWF) to conduct water risk assessments at its various
emissions by about 937.5 tons.
operating locations and formulates response plans based on the risk levels.
Picture after Transformation
Promoting Water-Saving Technologies
The Company achieves water conservation goals through process optimization, introduction of water-saving equipment, and
Digital Management wastewater regeneration, thereby recycling water resources. In cleaning processes, advanced laser cutting technology replaces
traditional dicing processes that require water. This includes the adoption of advanced ultrasonic cleaning technology and precise
Crystal-Optech promotes smart facility management by establishing systems such as the Seed Energy Management system and the constant flow control, which enhances cleaning efficiency while significantly reducing water consumption. Concurrently, the Compa-
BA Chiller Plant Group Control system. These systems enable automatic group control of chiller plants, automatic fault warning, ny actively introduces a series of advanced water production and conservation equipment, such as ultrapure water equipment,
automatic work order dispatch, maintenance reminders, automatic statistical reporting of energy metering, and online inspections, high-efficiency cooling towers, and constant flow devices. During the Reporting Period, the Company implemented 25 water-saving
significantly improving facility management work efficiency and production stability, saving about 2.5 million yuan in electricity costs projects, including projects for recycling dicing water, reusing ultra-concentrated water, retrofitting cleaning machines for constant
annually, saving about 3.6 million kWh of electricity annually, and reducing carbon emissions by 2,250 tons. flow water saving, and reusing treated wastewater from the treatment station in cooling towers, saving over 600,000 tons of water.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Case Dicing Water Recycling
Study
The composition of dicing wastewater mainly includes dispersants, RO water, glass debris, and UV tape. After filtering the
particulate matter from the dicing wastewater using semiconductor inorganic membranes, the dicing water can be recycled.
This project can save 300,000 tons of water per year, effectively reducing costs.
Indicator Unit 2025
Total Water Withdrawal Ton ?,???,???.??
Water Withdrawal Intensity Ton/10,000 yuan ?.??
Certification of Packaging Material Supplier Material Standardization Training
Recycled Water Volume Ton ?,???,???.?
Proportion of Recycled Water in
% ??
Material Circularity at Crystal-Optech
Total Water Consumption
Product Lifecycle Stage Green Design Focus Performance
Enhancing Water Conservation Awareness Increased the quantity per packaging box and eliminated
Reduce plastic and
the use of bubble wrap, saving 10% of packaging material
packaging materials
usage annually.
The Company organizes diverse water conservation training and publicity activities. Through methods such as holding water con- Distribution, Storage,
servation knowledge lectures, distributing water conservation publicity materials, and conducting water conservation competitions, Transport
Recycled approximately 350 tons of plastic Tray trays, 10
it promotes water conservation education among employees and their families, advocates a civilized lifestyle of water conservation, Packaging material
tons of wooden pallets, and 50 tons of cartons; reducing
recycling and reuse
waste generation by 410 tons in total.
and cultivates an awareness among all staff to cherish and protect water resources. It mobilizes all employees to participate in water
conservation activities, contributing more to the building of a water-conserving society and a water-conserving enterprise.
Circular Economy
Crystal-Optech actively explores and deeply cultivates the field of circular economy, committed to building a comprehensive,
multi-level circular economy ecosystem. The Company has formulated systems such as the Management Measures for Material Code
Addition, Classification, Change, and Retirement and the Provisions on the Utilization of Recycled Materials to strengthen material
lifecycle management. The Company establishes green design priorities during the product lifecycle stage. In the product R&D and
production process, it actively adopts environmentally friendly, biodegradable, or recyclable materials. Through technological inno-
vation and process optimization, such as precision cutting and automated proportioning, it maximizes material utilization efficiency
and reduces environmental pollution. During the Reporting Period, the Company conducted material standardization training to
further improve the standardization level of material management.
At the same time, the Company has formulated systems such as the Management Measures for Packaging Material Recycling and
Reuse to strengthen packaging material management, formulate packaging design specifications, actively recycle and reuse pack-
aging materials, achieve lightweight and reduced packaging materials, and continuously increase the “green content” of the optical
industry.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Low-Carbon Actions,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Green Development
REPORT 2025
Green Office
The Company actively practices green office principles. By issuing the Low-Carbon Living Initiative, it guides employees to save
electricity, water, and paper, reduce unnecessary business travel, and continuously improve the ecological benefits of the Company’s
office operations.
Office Areas: Make full use of natural light to reduce lighting time; ensure computers, printers, and
other electrical equipment are promptly turned off when leaving the office.
Meeting Rooms: Improve meeting efficiency, reasonably schedule meeting times, and reduce energy
consumption from equipment and air conditioning.
Central air conditioning temperature in office areas uniformly set to 26 ° C, with scheduled daily on/off
for energy saving.
Energy Conservation
Use LED lights for lighting in plant areas, corridors, and basements.
Use recycled water for flushing toilets in plant areas.
Encourage everyone to choose public transportation, bicycles, or walking for commuting. For neces- Reduction of Disposable Products
sary car trips, carpool as much as possible to reduce vehicle emissions.
Reduce travel frequency, prioritize low-carbon travel methods such as high-speed rail when traveling.
Green Commuting
Promote paperless offices to reduce paper usage. Circulate and save documents electronically when-
ever possible. When printing documents, use double-sided printing to reduce paper waste.
Paper Conservation
Advocate for all employees to take reasonable portions in the cafeteria to reduce food waste.
Waste Reduction
Reduce the use of disposable cups and utensils within the Company, encouraging everyone to bring
their own water cups and tableware. Energy Conservation
Reduce Disposables
When purchasing equipment and office supplies, prioritize energy-saving and environmentally friend-
ly types.
Green Procurement
Waste Sorting
Technology
Empowerment,
Value Co-Creation
Our Philosophy
Crystal-Optech adheres to an innovation-driven development strat-
egy, coordinating R&D innovation, market expansion, product devel-
opment, resource integration, and organizational and team building
from a global perspective. It upholds responsible procurement prin-
ciples, establishing a secure and reliable supply chain collaboration
system. The Company implements full lifecycle product manage-
ment, standardizes the use and handling of hazardous substances,
and provides high-quality products to customers. It strictly fulfills
the primary responsibility for information security management to
ensure data security.
Our Actions
Commitment to R&D Innovation, Strengthening Supply Chain Man-
agement, Responsible Procurement, Conflict Mineral Management,
Full Lifecycle Quality Management, Hazardous Substance Manage-
ment, Optimizing Customer Service, Information Security and Priva-
cy Protection.
Responded SDGs
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Innovation-Driven Indicator Unit 2025
Number of R&D Personnel Person 1,506
Crystal-Optech has established a comprehensive innovation management system, strengthening the foundation for innovation
R&D Team Proportion of R&D Personnel % 17.27
through IPD management methods, multi-R&D platform development, and talent cultivation. It also implements multiple R&D inno-
vation initiatives, deepens industry-academia-research collaboration with fruitful results, and builds a robust intellectual property
Bachelor’s Degree Person 420
management system to strictly regulate processes and mitigate IP risks.
Master’s Degree or Above Person 181
By Educational
Background
Associate Degree or Below Person 905
Innovative Management System
Male Person 1,101
Governance
By Gender Female Person 405
Crystal-Optech places high importance on product innovation and technological R&D. The Board’s Strategy and Sustainability Com-
mittee oversees and guides innovation and R&D management, with the Technology R&D Center serving as the dedicated depart-
ment for innovation. The Company has formulated and implemented the IPD (Integrated Product Development) Management Mea-
sures, focusing on market demand to continuously optimize investment portfolios. It streamlines cross-departmental collaboration
Strategy
throughout the product development lifecycle, defining full-process controls such as TR1 demand review, TR2 project initiation
review, TR3 design review, TR4 technical review, and TR5 project closure review to effectively manage the entire R&D process.
Considering the iterative nature of optical subfield technologies, shifts in market demand, and value chain dynamics, the Company
During the Reporting Period, Crystal-Optech, as a high-tech enterprise, established multiple R&D platforms, including the National
has identified innovation-driven risks and opportunities, compiling the following list for process-based management.
Enterprise Technology Center.
Risk/Opportunity Risk/Opportunity Likelihood of Impact Expected
Technology R&D Center & Type Description Occurrence Timeframe Financial Impact Countermeasures
Central Research Institute
Rapid changes in
market demand may Strengthen the TR1 requirement
render developed review phase in the IPD process, with
Technology products insufficient- BD deepening market research and
Planning ly adaptable. Medium to Decreased
Market demand forecasting;
Department Risk
There are many
Medium
long term income
Risk Continue to develop new projects,
competitors in the strengthen cooperation with end
market, resulting in customers, and increase market
significant competi- share.
tive pressure.
Automation
Thin Film Silicon Dream Micro/Nano
XR Institute Research Pilot Center
Institute Institute Institute
Institute Technological
breakthroughs in
optical interaction,
R&D Innovation Organizational Structure Chart micro-nano optics,
and other fields have Increase investment in forward-look-
spurred demand for ing R&D projects and accelerate the
Technological Short to Increased
Opportunity new products; High transformation of technological
Leadership long term income
The Company achievements through the IPD
possesses world-class process.
The Company regards innovation team building as a core pillar of its technological innovation system. It has established a corporate
production equip-
university platform with subordinate Leadership Academy and Engineering Academy to cultivate high-quality management teams ment capable of
meeting product
and senior engineers. Simultaneously, the Company continues to recruit top-tier scientific and technical talent, forming interdisci-
testing requirements.
plinary internal innovation teams to maintain its technological leadership in a highly competitive market.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Impact, Risk, and Opportunity Management R&D Innovation Initiatives and Outcomes
Crystal-Optech integrates risk management into every phase of project management. By identifying, assessing, managing, and
Encourage R&D Innovation
monitoring risks, unnecessary losses are minimized, ensuring business robustness and sustainability.
The Company continuously improves its intellectual property incentive mechanism, formulates systems such as the Patent and Soft-
ware Copyright Management Measures, and provides corresponding material and spiritual rewards to employees who create, pro-
Regularly identify internal and external quality risks and compile the 2025 Risk and Opportunity Evalua- tect, and utilize intellectual property. The Company organizes multiple training sessions annually, encourages employees to actively
tion and Countermeasures Table. During the Reporting Period, two technical risks were identified in the apply for patents, sets up special bonuses, and considers patents as an important factor in employee promotion, thereby stimulat-
external environment dimension.
Risk Identification ing the innovation enthusiasm and potential of internal employees.
Assess identified risks to determine their likelihood, impact duration, severity, etc. During the Reporting
Period, the severity of technical risks was assessed as 5, with a frequency of 2, resulting in a medium Construct R&D Platform
risk level.
Risk Assessment
The Company has established platforms for technological innovation and knowledge sharing, including the National Enterprise
Technology Center, Zhejiang Provincial Key Enterprise Research Institute for Thin Film and Micro-Nano Optical Technology, Zhejiang
Establish a risk monitoring mechanism to promptly identify and resolve potential issues.
Provincial Thin Film and Micro-Nano Engineering Research Center, and Zhejiang Provincial Postdoctoral Workstation. During the
Risk Monitoring
Reporting Period, Crystal-Optech deepened the collaborative construction of industry-academia-research, partnering with Xiamen
University and Shaanxi University of Science and Technology to explore new paradigms of industry-education integration.
Closely monitor project R&D progress, take timely and effective measures to control risks associated
with new product development, and continuously enhance the Company’s innovation capabilities. On September 26, 2025, Crystal-Optech and Shaanxi University of Science and Technology initiated several core collaborations:
Risk Management establishing the “Crystal-Optech” scholarship to incentivize outstanding students, donating advanced instruments to support
teaching and research, and launching the industry-education integration reform class “Crystal Class” featuring “project-driven, joint
research by teachers and students, and practical results.” Under the joint guidance of enterprise and university mentors, 35 stu-
Metrics and Objectives dents majoring in Applied Physics and Optoelectronic Information Science and Engineering deeply participated in real technical
projects such as optical coating and optical intelligent sensing, enhancing industry adaptability through immersive practice.
R&D Innovation Goals and Planning
Target Content Achievement Status
Establish a patent review committee to improve patent quality and
increase the proportion of invention patents in applications (above 50%), In progress
while phasing out low-value patents.
Implement a PLM system to enhance R&D project efficiency through
In progress
digitalization and gradually achieve process standardization.
R&D Investment
In 2025, Crystal-Optech’ s R&D investment totaled 414.76 million yuan, an 1.71% year-on-year increase, with
R&D investment accounting for 5.99% of operating revenue.
“Crystal Class” Opening and Instrument Donation Ceremony
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
R&D Achievements Showcase Intellectual Property Protection
Crystal-Optech focuses on the optical track, centering on core technologies such as thin-film optics, optical cold processing, semi-
conductor optics, and optical system design, and deploys in three major industries: consumer electronics, automotive optics, and Management System
AR/VR, building the second and third growth curves. Crystal-Optech is now a national manufacturing single champion demonstra-
The Company strictly complies with relevant laws and regulations such as the Patent Law of the People’ s Republic of China and the
tion enterprise, one of China’ s top 50 electronic materials companies, a Zhejiang Provincial Eagle Enterprise, a Zhejiang Provincial
Copyright Law of the People’ s Republic of China. It has established a specialized intellectual property management institution and
Innovative Leading Enterprise, a Zhejiang Provincial Hidden Champion, a national high-tech enterprise, and a national intellectual
built an intellectual property management framework led by the general manager. The Company has formulated systems such as
property management advantage enterprise. By the end of the Reporting Period, the Company had participated in/formulated 6
the Intellectual Property Protection Control Procedures and the Patent and Software Copyright Management Measures to encourage
national standards, 2 industry standards, and 2 Zhejiang manufacturing group standards.
and protect inventions, and to standardize the Company’ s patent application, patent management, patent rewards, copyright appli-
During the Reporting Period, the Company won the 25th China Patent Excellence Award and was selected as a Zhejiang Provincial
cation, and other management processes and requirements. During the Reporting Period, the Company has passed the intellectual
Eagle Enterprise and a Zhejiang Provincial Leading Enterprise in Private Economy Headquarters. Its technological innovation and
property management system certification and obtained titles such as ‘National Intellectual Property Advantage Enterprise’ and
industrial upgrading capabilities were highlighted in the front-page report of Xinhua Daily Telegraph, with two innovative products
‘Zhejiang Province Intellectual Property Demonstration Enterprise’.
selected for the 2025 “Zhejiang Manufacturing Excellence” and “Zhejiang Excellent Industrial New Products” lists.
Indicator Unit 2025 General
Manager
Cumulative Number of Valid Patents Item 618
Number of Patent Applications Item 18 Management
R&D Innovation Representative
Achievements Number of Valid Patents
Item/million yuan 0.089
Per Million Yuan of Revenue
Item
Cumulative Number of
Valid Invention Patents
Manufacturing
Development
Supply Chain
R&D Center
Technology
Resources
Intelligent
Research
Business
Institute
Finance
Human
Central
Center
Center
Center
Center
Center
Cumulative Number of
Item 416
Valid Utility Model Patents
By Patent Type
Cumulative Number of
Valid Design Patents Item 65
Intellectual Property Management Organizational Structure Intellectual Property Management
Cumulative Number of System Certification
Software Copyrights Item 124
Number of Software Copyrights
Item/million yuan 0.018
Per Million Revenue
Other Intellectual
Item
Cumulative Number
Property
of Trademarks 34
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Intellectual Property Protection Training Technology Ethics
Crystal-Optech strictly adheres to current laws, regulations, and industry standards in its daily operations, technology applications,
To further strengthen the awareness of intellectual property protection among all employees and standardize intellectual property
and related activities, maintaining a firm commitment to compliance. The Company’ s business does not involve areas related to
management, the Company organized specialized intellectual property training during the Reporting Period. This helped employees
technological ethics, and there are no potential risks arising from technological ethics issues.
deeply understand the key role of intellectual property in corporate development and enhanced their ability to prevent intellectual
property risks and comply with management requirements.
Supply Chain Management
Crystal-Optech continuously optimizes the supplier management system, builds a dynamic risk control and win-win cooperation
mechanism, establishes long-term partnerships with strategic suppliers, jointly enhances the transparency and resilience of the
value chain, and creates a responsible, efficient, and sustainable supply chain ecosystem.
Governance
Crystal-Optech has formulated regulations such as the Strategic Sourcing and
Supplier Management Measures and the Procurement Delivery and Performance
Management Measures, establishing a full lifecycle management approach for
Intellectual Property Protection Training Scene
supplier sourcing, qualification, evaluation, grading, performance, and elimina-
tion. The Supply Chain Center, as the coordinating department at the group
level, is responsible for formulating the overall strategy and management
framework. Its subordinate Strategic Sourcing and Supplier Management
Protection Measures Department (hereinafter referred to as the “Supplier Management Depart-
ment” ) is responsible for overall management; the Cost Management Depart-
Crystal-Optech promptly applies for patents for its independent innovations, builds a comprehensive intellectual property protec- ment is responsible for reviewing the rationality of procurement costs and
tion system, and prevents infringement of its own intellectual property. If any infringement is discovered, the Company will quickly coordinating cost reduction targets; the Centralized Procurement Department
collect compliant evidence, take decisive measures to protect its rights, and resolutely defend its legitimate rights and interests. is responsible for strategy formulation and supplier management for central-
The Company deeply embeds intellectual property management into the entire product development process. By purchasing com- ized procurement materials. At the level of various business units and subsid-
mercial patent databases and regularly tracking industry patent trends, it conducts early patent risk warnings and designs avoid- iaries, procurement BPs or procurement departments are set up to handle
ance paths for R&D. For hardware and software provided by customers involving intellectual property protection, the Company sample development, order execution, delivery follow-up, daily supplier man-
strictly requires customers to provide written authorization documents and uses them only within the permitted scope to avoid agement, and cost reduction target implementation within their respective
property disputes at the source. At the same time, the Company strengthens confidential management to prevent unauthorized business units. They also collaborate with group functional departments in sup- AEO Certification Certificate
personnel from accessing or disclosing related intellectual property to third parties. In the procurement process, the Company clear- plier development and evaluation, forming an efficient cross-functional,
ly stipulates the ownership of intellectual property generated by related operations in contracts with suppliers and signs confidenti- multi-level collaborative management mechanism centered around the Supply
ality agreements or adds confidentiality clauses to prevent infringement of others’ trademarks, copyrights, patents, trade secrets, Chain Center. In December 2021, Crystal-Optech obtained the AEO (Authorized
and other intellectual property rights. Economic Operator) certification issued by Hangzhou Customs.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Supplier Management Process
Strategy
Based on the supplier status of procurement categories, such as supply capability and Crystal-Optech systematically identifies potential risks and opportunities in the supply chain, evaluates the effectiveness of existing
stability, response speed, service and management level, price and payment terms, and
the number of suppliers, a supplier development plan is formulated. supplier onboarding, grading, and performance management measures, continuously improves the end-to-end optimization mech-
Develop through multiple channels, establish a list of qualified suppliers, and select anism from sourcing to elimination, and enhances supply chain resilience to promote sustainable development.
Supplier Development suitable suppliers for sample inquiries.
An audit team composed of procurement, quality, and technical departments conducts Risk/Opportunity Risk/Opportunity Likelihood of Impact Expected Financial
Type Description Occurrence Timeframe Impact Countermeasures
on-site or document audits for new suppliers.
Annual audits are conducted for qualified suppliers to optimize supply chain manage-
ment and enhance overall competitiveness. Key raw material
Supplier Evaluation suppliers may halt
production or Develop and maintain qualified
experience severe alternative suppliers;
Supplier onboarding is divided into three stages: temporary—assessment—qualified. Supply Short to
delivery delays due to Reduced Establish a safety stock strategy for
Temporary suppliers can only transact for 1 month, while assessment suppliers can Risk Chain Medium medium
various factors, revenue key raw materials;
transact for a 6-month assessment period. Qualified suppliers generally have no dura- Disruption term
impacting the Sign capacity guarantee agreements
tion requirements unless they are naturally or actively eliminated. Risk Company’s production with strategic suppliers.
During the 1-month transaction period, if the supplier meets The Company’ s needs, the plans and customer
temporary procurement officer can apply to transition the supplier to the assessment order fulfillment.
Supplier Onboarding stage.
During the 6-month assessment period, if the supplier demonstrates stable quality, Identify and prioritize
timely service, and reasonable costs, the assessment procurement officer can apply for green suppliers with
a supplier review, and qualified suppliers can be upgraded to the qualified stage. outstanding perfor-
mance in energy Gradually incorporate environmental
management and management performance into
carbon reduction, or supplier selection and evaluation
Suppliers are classified into five levels—strategic, preferred, alternative, restricted, and Building Increased
encourage existing criteria;
eliminated—based on their R&D and production capabilities, bidding and cost reduc-
High Long term
a Green revenue and
Opportunity suppliers to improve Collect supplier carbon footprint
tion abilities, willingness to cooperate, and collaboration performance. Supply reduced
Supplier Classification environmental data;
Chain operational cost
practices, reducing the Prioritize procurement of eco-friendly
overall environmental materials and energy-efficient
footprint of the supply equipment.
Suppliers are evaluated across four dimensions: quality, delivery, cost, and technology. chain to meet customer
Based on performance evaluation results, suppliers are upgraded, downgraded, or and market demand for
eliminated. low-carbon products.
Supplier Performance
Develop a supplier elimination plan and elimination list.
Suppliers that are eliminated or naturally phased out may submit an application to
resume transactions, stating the reasons, which will take effect upon company approval.
Supplier Elimination
During the Reporting Period
Crystal-Optech collaborated with a total of 2,426 suppliers nationwide. Among them, there
were 608 suppliers in Zhejiang, with a supplier localization rate of 25.1% and localized pro-
curement accounting for 12.7%.
We conduct two rounds of supplier onboarding and management procedure training for supply chain personnel to ensure all rele-
vant staff understand supplier management processes and operational requirements.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Impact, Risk, and Opportunity Management Objectives
The Company strengthens supply chain risk management by establishing a comprehensive risk management process to ensure
Target Content Achievements Status
stable and healthy supply chain operations.
Management Management Measures
Process
Collect supply chain-related information, including but not limited to supplier information, 100% Signing Rate of the Prohibited Substances
Achieved
logistics and transportation information, raw material sources, etc. Based on the collected Non-Use Guarantee Letter for A/B Class Suppliers
ethical information, identify risks.
Risk Identification
Proportion of Tier I suppliers increased to over 33% Achieved
Use qualitative and quantitative methods to comprehensively assess the risks in the supply
chain.
Risk Assessment Supplier ESG Management
Crystal-Optech continues to deepen the integration of ESG concepts into supply chain management, further improving a multi-di-
Develop countermeasures. For high-risk suppliers, consider establishing backup suppliers, mensional supplier evaluation system. Focusing on the three pillars of quality assurance, environmental safety, and social responsi-
increasing inventory, etc.
bility, the Company systematically promotes the sustainable development of the supply chain. The Company requires suppliers to
Risk Management
sign the Supplier Social Responsibility Commitment Letter, which covers key responsibility areas such as environmental protection,
health and safety, business ethics, and labor rights. For suppliers that fail to meet requirements, the Company proactively provides
improvement suggestions and urges them to implement corrective actions. For suppliers that still fail to meet standards after the
Strengthen supply chain monitoring, promptly obtain supply chain-related information, and rectification period, corresponding elimination mechanisms are initiated. Additionally, the Company regularly organizes ESG training
adjust and update risks based on actual conditions.
for suppliers to communicate core ESG policies and requirements, continuously improving suppliers’ ESG management levels and
Risk Monitoring
jointly building a robust, responsible, and sustainable supply chain ecosystem.
We conduct two rounds of online ESG training for suppliers to promote ESG concepts and related requirements, and send relevant
course materials to suppliers, requiring them to internally synchronize the promotion. Conduct on-site audits of main and auxiliary
material suppliers annually. Ensure suppliers meet the requirements of the three key elements: quality assurance, environmental
Indicators and Targets safety, and social responsibility.
Indicators Multi-dimensional Supplier Evaluation System
Quality Environmental Safety Social Responsibility
ISO9001 Quality Management System (Con-
Indicator Unit 2023 2024 2025 sumer Electronics Product Certification)
IATF16949 Automotive Quality Management
System Standard (Automotive Produc t ISO14001 Environmental Management
Human Rights Requirements
Number of Suppliers With Quality Certification) System
per 574 569 600 Environmental Assessment Requirements
Management System Certification QCDS Supplier Periodic Evaluation System Chemical Management (General Chemicals
Conflict Minerals Management
Material Acceptance Standards and Hazardous Chemicals Management)
Information Security
Number of Suppliers With Environmental Fire Safety and Emergency Management
per 288 287 304 Abnormal Feedback Process and
Management System Certification
Closed-loop Tracking System
Intelligent Manufacturing and Systematic
Number of Suppliers With Occupational Health
per 195 195 195 Requirements
and Safety Management System Certification
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Conflict Minerals Management
By 2025, the Company’s Supplier Social Responsibility Commitment Letter signing rate will reach 100%.
Crystal-Optech adheres to responsible mineral procurement, strictly complies with the Responsible Minerals Initiative (RMI), the
OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, and other
requirements. The Company has formulated a Conflict Minerals Control Policy to strengthen the procurement management of metal
materials such as tantalum (Ta), tin (Sn), gold (Au), tungsten (W), cobalt (Co), and mica (Mica), enhance supply chain transparency,
Responsible Procurement and ensure the traceability of minerals used in the supply chain.
During the Reporting Period, the Company conducted mineral traceability for coating materials involving conflict minerals (tin). It
distributed conflict mineral questionnaires based on the Conflict Minerals Reporting Template (CMRT) principles issued by the
Ethical Procurement
Responsible Minerals Initiative (RMI) to all raw material suppliers, achieving a 100% traceability rate. No procurement of conflict
minerals occurred.
Crystal-Optech consistently upholds the principles of mutual benefit and honesty, implementing “transparent procurement” practic-
es. We require all suppliers to sign an Integrity and Clean Commitment Letter, resolutely opposing commercial bribery, market mo-
nopolies, and any other forms of unfair competition. We are committed to safeguarding the legitimate rights and interests of both
parties, jointly fostering and maintaining a fair, competitive, healthy, and transparent market environment.
Suppliers sign the Supplier Social Responsibility Commitment Letter to ensure that the metals used in the materials
provided to the Company do not originate from conflict areas.
Suppliers should impose the same conflict mineral management requirements on their upstream suppliers.
By 2025, the Company’s Integrity and Clean Commitment Letter signing rate will reach 100%. Policy Requirements
The Company uses the Conflict Minerals Reporting Template (CMRT) and the Extended Minerals Reporting Template
(EMRT) provided by RMI to conduct due diligence on identified suppliers.
The Company verifies the compliance of CMRT and EMRT questionnaires. If supplier responses are incomplete or
incorrect, the Company requests re-submission or supporting evidence.
Green Procurement Due Diligence
Crystal-Optech continuously promotes the construction of a green supply chain, prioritizing suppliers with environmental or social
responsibility certifications at the source of the supply chain. In the procurement process, priority is given to products and services
with minimal environmental impact, high resource utilization, and compliance with environmental standards, increasing the propor-
Equal Treatment of Small and Medium-sized Enterprises
tion of certified raw materials to further reduce the environmental impact in the supply chain and build a more sustainable business
model.
Crystal-Optech is committed to building a diverse, inclusive, and win-win supply chain ecosystem, promoting collaborative growth
across the industry chain. In procurement and cooperation processes, the Company adheres to treating enterprises of all sizes
Digital Procurement equally, without setting differentiated thresholds based on company size, and continuously provides equal business participation
opportunities for small and medium-sized enterprises. We value the potential for collaboration with small and medium-sized enter-
Crystal-Optech continues to deepen the construction of a big data management system for raw materials, leveraging digital tech-
prises in areas such as technological innovation and service responsiveness. Through specialized training, information sharing, and
nology to optimize operational processes and enhance business efficiency. The Company establishes and improves a supplier quality
process support, we help them enhance their compliance management and sustainable development capabilities. During the
anomaly system. When substandard materials are detected, the system can automatically issue real-time anomaly alerts via SMS
Reporting Period, the Company did not engage in any overdue payments to small and medium-sized enterprises.
and other methods, helping the Company respond quickly and take targeted measures, thereby effectively ensuring the safety and
reliability of the supply chain system.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Product and Service Safety and Quality
Quality is the foundation of Crystal-Optech, and the spirit of craftsmanship drives the core of quality construction. the Company
upholds the quality management policy of ‘Customer satisfaction is our eternal pursuit,’ always focusing on customer needs, con-
tinuously improving the product lifecycle management mechanism, steadily advancing the iteration and upgrade of product and
service quality, and fully enhancing customer satisfaction.
Quality Assurance System
Governance
Crystal-Optech strictly complies with laws and regulations such as the Product Quality Law of the People’s Republic of China and has
COT Vietnam ISO9001 Quality Management Crystal-Optech IATF16949 Quality Management
established systems like the Quality, Environment/HSF, and Occupational Health and Safety Integrated Management System Manual
System Certification Certificate System Certification Certificate
to ensure effective quality control at every stage. As of the end of the Reporting Period, the Company had not experienced any
major quality or safety incidents or large-scale quality and safety complaints.
The Company continuously improves its quality system, striving to provide high-quality products and services to customers. It has
Crystal-Optech has established a scientific and effective quality management framework. The Board’ s Strategy and Sustainable
obtained ISO9001 and IATF16949 quality management system certifications. The Company conducts annual internal quality audits
Development Committee is responsible for guiding and supervising quality management work, while the Quality Management Rep-
to promptly identify and address deficiencies and potential issues in the quality management system, thereby continuously improv-
resentative is responsible for coordinating and overseeing all quality-related activities. Under the leadership of the Quality Manage-
ing its effectiveness and efficiency.
ment Representative, the Company has established five modules: system, incoming material management, testing center, quality
assurance, and quality inspection, to achieve full lifecycle management of product quality.
The Company includes quality improvement as one of its top ten tasks. The General Manager attends monthly quality meetings to
review quality KPIs, quality anomalies, and continuous improvement reports. Additionally, the General Manager serves as the direc-
tor of the newly established Quality Technology Committee, with the Management Representative as the deputy director.
Quality Management
Representative
Business Unit
Incoming Material Quality Quality
System Testing Center
Management Assurance Inspection
OQC (Output/Outgoing
Hazardous Substances
Substances Testing
Document Control
Quality Engineer)
Quality Engineer)
Quality Engineer)
Quality Engineer)
Reliability Testing
IPQC (ln-Process
Quality Control)
Quality Control)
Quality Control)
Quality Control)
CQE (Customer
IQC (Incoming
IQC (Incoming
SQE (Supplier
SQE (Supplier
PQE (Process
Management
System Audit
Management
Hazardous
Metrology
Crystal-Optech ISO9001 Quality Jiangxi Crystal ISO9001 Quality Management Xintaijia ISO9001 Quality Management
Management System Certification System Certification Certificate System Certification Certificate
Quality Management Organizational Structure
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Strategy
The quality department continuously tracks the dynamic changes of identified quality risks, monitoring the effective-
ness of control through daily inspections, product sampling, and customer feedback collection. Each responsible
Crystal-Optech identifies and evaluates risks and opportunities in the production process, formulating the 2025 Risk and Opportu- department records the progress of risk responses as required and integrates it into the business continuity plan track-
Risk Response ing system.
nity Evaluation Countermeasures Table. This systematically outlines core risks and opportunities in the Company’ s internal and
external environment, clarifying the scope of impact, financial implications, and countermeasures for each item, providing strong
support for stable operations. Referring to system documents such as the Risk and Opportunity Countermeasures Management Procedure, specialized
countermeasures are developed for assessed quality risks. The Company enhances overall quality control capabilities
Risk/Opportunity Risk/Opportunity Likelihood of Impact Expected through quality training and BCP drills.
Countermeasures Risk Management
Type Description Occurrence Timeframe Financial Impact
Exchange rate
fluctuations and
international trade Convert customer settlement
environment volatility methods, improve overseas factory During the Reporting Period
affect export Short to and office layouts, and strengthen
Market Decreased
business; customer demand review processes;
Risk
Incomplete
Medium medium
income
Repeatedly analyze market trends
The Company conducted 1 quality risk assessment.
term
identification of and ensure review procedures are
customer needs leads Achieved before contract signing.
to insufficient
Risk product adaptation.
The selected
The Company establishes standards
third-party testing
institutions lack
to regulate the qualifications and Indicators and Targets
Quality Decreased capabilities of third-party testing
sufficient qualifica- Medium Short-term
Risk income institutions, specifying five testing
tions and capabilities,
institutions—SGS, CTI, Intertek, ITS,
leading to testing
and PONY—for sample submission.
errors.
Product Safety and Quality Indicators
Growing demand in
Increase market development and
consumer electronics,
new project expansion efforts while Indicator Unit 2023 2024 2025
automotive
continuously improving product
photonics, and other Medium
Market Increased quality;
Opportunity fields, along with Large to
Opportunities income Respond quickly to customer needs Product Qualification Rate % 86.6 88.8 91.2
deepened customer long term
and consolidate cooperative
cooperation, brings
relationships with high-quality
more business
service.
orders.
Target Content Achievement Status
Impact, Risk, and Opportunity Management Product yield rate ≥ 90% Achieved
Crystal-Optech continuously improves its quality risk management process, strengthening quality risk management through steps
Customer satisfaction score ≥ 88 Achieved
such as risk identification, risk assessment, risk response, and risk management.
Regularly identify internal and external quality risks and compile the 2025 Risk and Opportunity Evaluation and
Countermeasures Table. During the Reporting Period, potential quality risks were identified in multiple procedures,
including design and development, production, testing, and measurement resource management. These risks encom-
pass scenarios such as missing self-inspections in production, improper product handling protection, defective raw
Risk Identification
materials, and incomplete identification of customer needs.
Quantify various risks that the Company may face to form the 2025 BCP Risk Register, calculating the risk coefficient
(frequency × severity) from two core dimensions: frequency of occurrence and impact severity (scored 1-5), to clarify
the priority ranking of quality risks. During the Reporting Period, the severity of quality anomaly risks was assessed as
Risk Assessment 5, the frequency of occurrence as 2, and the risk level as M (moderate risk).
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Product Quality Management Initiatives Hazardous Substance Management
Crystal-Optech has established a series of systems such as the Hazardous Sub-
Full Lifecycle Management
stance Management Regulations, Hazardous Substance Control Standards, Haz-
ardous Substance Identification and Evaluation Control Procedures, and Hazard-
Crystal-Optech has established a quality management system covering the entire product lifecycle, spanning product design, pro-
ous Substance Testing Standards to build a comprehensive hazardous substance
duction, and service to ensure the delivery of excellent quality. The Company strictly adheres to quality control standards, relying on
control system. Through these systems, clear requirements are established to
advanced process technology and precision testing equipment to ensure product compliance with quality requirements from raw
ensure that the hazardous substance content in purchased materials, production
material inspection, production process control to finished product testing.
process controls, and final products complies with domestic and international
laws and regulations such as the EU REACH Regulation, EU RoHS Directive,
Quality Management Process Packaging and Packaging Waste Directive, Norway POHS Ban, and SS-00259
Management Regulations on Hazardous Substances in Components and Materi-
als, while also meeting customer requirements for hazardous substance control.
Collect market demands and formulate product design specifications.
As of the end of the Reporting Period, the Company has obtained certification for
IECQ QC080000 Certification Certificate
Product Development the Hazardous Substance Process Management System (IECQ QC080000).
Digital Empowerment
Select qualified raw material suppliers and conduct raw material inspections to
ensure material quality.
Based on its actual conditions, Crystal-Optech has built a digital quality management system suitable for its development, leverag-
Incoming Inspection
ing digital and intelligent systems to achieve comprehensive quality management. By collecting and analyzing various data from the
production process in real time, the Company can quickly identify quality issues, accurately pinpoint their root causes, thereby
improving the efficiency and accuracy of quality management and driving continuous optimization and upgrading of products and
Strictly follow production process requirements to ensure production process quality.
services.
Production Quality Inspection
ERP System
Through this system, the Company manages the purchase, stor-
Conduct sampling inspections on finished products to ensure product quality meets age, and inspection of raw materials, ensuring supply security and
standards. quality control.
Outbound Inspection
Collect customer feedback and promptly address any quality issues.
Continuously optimize the product quality management process based on market MES System
feedback.
Continuous Optimization
Through real-time data collection, monitoring, and analysis, the
MES system enhances product quality and traceability, providing
strong support for efficient management.
Digital Cloud
Platform
Real-time monitoring of quality data enables refined control over
different stages, timely identification and resolution of quality
issues in the production process, and effectively improves product
quality.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Product Quality Training Product Testing Capability Development
During the Reporting Period, the Company focused on the core needs of product quality control and systematically advanced quali- During the Reporting Period, Crystal-Optech focused on upgrading its laborato-
ty training in accordance with the 2025 Annual (Quality + System Department) Training Plan, covering core modules such as quality ry capabilities. In October 2025, its Failure Analysis and Materials Research Lab-
systems, key processes, and testing standards. The training was tailored to the differentiated needs of personnel in R&D, produc- oratory passed the review conducted by the China National Accreditation Ser-
tion, procurement, and other roles. Additionally, the Company established a 3-month “Quality Bootcamp” aimed at helping quality vice for Conformity Assessment (CNAS) and obtained the ISO/IEC 17025 accred-
assurance personnel master core quality management tools and methods, improve on-site problem analysis and resolution capabili- itation certificate for testing laboratories. The laboratory is equipped with over
ties, and achieve the transition from theory to practice. 100 advanced instruments, both domestic and international, including SEM,
FIB-STEM, FT-IR, GC-MS, white light interferometers, and environmental reli-
ability testing equipment. This has established a comprehensive technical
closed-loop process covering “metrological calibration—material physical prop-
erty testing—failure analysis—optical performance testing—reliability verifica-
tion.” It enables precise tracing of failure origins at the nanoscale, providing
scientifically rigorous solutions for product iteration and upgrading. Through
deep integration of CNAS standardization requirements with the LIMS, a six-di-
mensional management system encompassing “personnel, equipment, materi-
als, methods, environment, and testing” has been built, ensuring that every set
FMEA Training Old QC Seven Tools Training ISO/IEC ????? Testing Laboratory
of data is accurate and traceable, and every conclusion is professional and reli-
Accreditation Certi?cate for the
able. This lays a solid technical foundation for the high-quality development of Failure Analysis and Materials
Research Laboratory
its four core businesses.
Enhancing Product Accessibility
Crystal-Optech enhances product accessibility through collaborative optimization across the entire value chain. Guided by market
demand, it leverages a robust R&D system and supply chain management mechanisms to ensure stable supply of raw materials and
IATF16949 System and Internal Audit Skills Training VDA Core Tools Training efficient production operations. It optimizes capacity layout and delivery processes, establishes a business continuity assurance
system, and simultaneously, through the deployment of overseas factories and offices, shortens the geographical distance with
international customers. Coupled with efficient logistics coordination and customer service responsiveness, products reach domes-
tic and international customers more quickly and reliably.
Customer Service Management
Quality Bootcamp Classroom
Customer Service Management System
Crystal-Optech has established a customer management system centered on the Control Procedure for Processes Related to Cus-
tomers, defining the responsibilities of each department in customer management to ensure standardized and orderly execution of
During the Reporting Period
customer-related processes. The marketing department, as the centralized department for customer service management, coordi-
The Company conducted 21 quality training sessions, totaling 72 hours, with a total of 1,442 nates the entire process of pre-sales, in-sales, and after-sales services. Pre-sales activities include technical consultation and prod-
uct promotion; in-sales activities involve tracking order execution and promptly communicating any anomalies; after-sales activities
participants.
are responsible for handling customer complaints and returns management.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Customer Satisfaction Survey
Customer Service Management Initiatives
Crystal-Optech conducts annual customer satisfaction evaluations, coordinated and implemented by the marketing department.
Communication Channel Development After the customer satisfaction survey is Achieved, the marketing department compiles and forms the Customer Satisfaction Evalua-
tion Form, which is simultaneously communicated to the heads of each business unit and the leaders of the marketing department.
In terms of daily communication, the marketing department has established a mechanism for monthly customer exchange meetings.
The head of the marketing department will conduct specialized analysis and formulate improvement measures based on customer
By preparing the Monthly Customer Visit Implementation Form, customer visits are carried out as planned. At the same time, using
suggestions and related issues; if necessary, organize relevant departments to jointly discuss and form a specialized improvement
tools such as Quotation Sheets, emails, and phone calls, it standardizes information transmission throughout the entire process,
report, followed by continuous tracking of the implementation of improvement measures to optimize customer service and steadily
including product inquiries, quotation communication, and order follow-up, ensuring consistency between oral communication and
improve customer satisfaction.
written records. For special customer requirements, approval is initiated through the “OA workflow” and a List of Special Customer
Requirements is created, which is then synchronized with relevant departments to ensure information alignment without deviation. During the Reporting Period
Complaint Response Mechanism The Company distributed 30 customer satisfaction questionnaires, with a customer satisfac-
Crystal-Optech has formulated the Management Measures for Customer Complaint Handling, which defines the responsibilities and tion rate of 89.7points.
specific operational methods for receiving, processing, transmitting, and implementing measures related to customer complaints. By
patiently accepting, diligently handling, and actively responding to customer complaints, it collects relevant information and data
about the market, customers, and products, and formulates quality improvement measures to achieve continuous improvement in Product Recall
customer management and customer service.
The Company has established a standardized product recall management Receive abnormal
customer feedback
mechanism. When HSF test failures, reliability test failures, or other quality
Complaint Handling Process
issues that may affect customer use occur, and the non-compliant products
Quality complaint
have been shipped to customers, the product recall process will be initiated.
Record key complaint information (product model, batch number, tracking number,
issue description, etc.); After confirming the non-compliance, the quality department immediately
The email delivers information to the heads of quality and manufacturing, as well as Collect abnormal
organizes the tracing of involved raw materials, semi-finished products, and
the on-site quality engineers. information
Complaint Reception and Escalation
finished product batches, clarifies the recall scope and quantity, and the （Quality Department/
GP Specialist）
management representative must notify the customer within 3 hours, detail-
Respond according to the 8D process, formulate and implement short-term measures ing the core information such as the materials involved in the non-compli-
within 1 working day; Report to management
Complete testing, root cause analysis, implementation and verification of improve- ance, inventory status, work-in-progress, and shipment status, and take representative
ment measures within 3 working days (2 working days after receiving the sample);
measures such as product recall or other methods approved by the custom-
Complete the 8D and respond to the customer within 5 working days (4 working days Mark and isolate
after receiving the sample), with medium- and long-term measures implemented er. During the Reporting Period, the Company’ s product recall rate was 0%, materials/products
Complaint Handling
within 1 month (priority given to meeting special customer time requirements);
When quality issues cannot be resolved in the short term, submit an improvement and no large-scale product recall incidents occurred.
plan and update it regularly.
Confirmation of abnormal results
Send to testing center or
third-party organization for testing
Improvement measures require continuous tracking and verification for 3 months or 3
batches;
Major customer complaint measures are included in the CAPA list, reviewed every 3 Conduct horizontal investigation
months, closed after 3 consecutive qualified reviews, and the responsible department to trace affected material
Tracking Verification (product) batches
must respond within 5 days.
Recall products from
customers and the market
During the Reporting Period
Scrap and destroy
The Company received 292 customer complaints, with a complaint resolution rate of 100%.
Product Recall Mechanism
Operation Method
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Specialized Customer Service Training Management System, and IT System Permissions and Software Usage Management System, stipulating that the IT management
department is responsible for the security of computer network equipment, supporting facilities, information, and operational envi-
To improve employees’ customer service standards, during the Reporting Period, the Company conducted training on customer key ronments. In accordance with the Confidential Area Security Management Measures, the Company requires information security spe-
information management tools for business personnel in the business development center, using a combination of online and offline cialists to organize relevant personnel monthly (or at frequencies instructed by clients) to audit existing confidential areas, security
methods to help business personnel master the use of the tools, improve the efficiency and accuracy of customer information pro- systems, infrastructure, security equipment, and operations using the “Information Security Audit Checklist”. On-site audits are con-
cessing, and further standardize the customer service process. ducted through interviews, questions, document/record reviews, and site inspections with responsible personnel, collecting
evidence and maintaining on-site audit records to accurately reflect objective facts. Meanwhile, the Company has established a
clear information security reward and punishment mechanism under the Information Security Reward and Punishment Management
Procedures, penalizing employees who violate information security policies and procedures and rewarding those who effectively
prevent information security incidents. This reinforces the information security awareness of all employees and prevents the occur-
rence of information security incidents. As of the end of the Reporting Period, the Company has not experienced any data security
incidents.
Routine Information Security Governance Measures
Crystal-Optech, in accordance with procedural management documents such as the Computer Room Security Management System
and Vulnerability Scanning Measures, addresses multiple aspects including information system management, physical environment
management, and information security training to provide solid safeguards for the Company’s information security management.
Category Main Measures
Data backup is performed, and the responsible person for data sources must daily
check whether the data they are responsible for has been backed up, promptly orga-
nize backup files, and record any abnormal backup events.
Customer Key Information Management Tool Training Disaster recovery plans are established to ensure that business systems and data can
Data Security Management resume normal operations after major security incidents.
Vulnerability scans are conducted on the Company’ s main system hosts, and timely
repairs are made.
Computer virus checks are performed, and the operation of computer equipment is
regularly inspected.
Data Security and Privacy Protection Confidential files are encrypted to prevent internal company data from being leaked.
VPN multi-factor authentication is implemented to ensure data security.
System Security Management Permissions for OA accounts (external access), enterprise email accounts, and other
communication software, as well as the internal network (referring to external com-
puters accessing the Company’s LAN), must be applied for via an application form.
Crystal-Optech regards the continuous protection of information security as a key measure to safeguard customer rights and
enhance the Company’ s core competitiveness. The Company further strengthens the construction and management level of its
information security system, implements network and data security responsibilities at all levels, and ensures the continuous and Regularly inspect power supply, electrical equipment, firefighting facilities, etc., and
resolve any issues promptly.
stable development of all business operations in a secure, efficient, and robust manner. Regularly inspect and organize physical connection lines of hardware, and check the
Computer Room Environment Management operational status of hardware (e.g., device indicator lights, meters).
Information Security Management System
Regularly arrange computer network security training to strengthen the concept of
computer network security.
The Company strictly complies with laws and regulations such as the Cybersecurity Law of the People’ s Republic of China, Data
Regularly arrange for network administrators to participate in relevant computer
Security Law of the People’ s Republic of China, and Personal Information Protection Law of the People’ s Republic of China. It has Information Security Training network security training to improve their network management capabilities.
established and continuously improved systems such as the Information Security Management Manual, Network Information Security
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Technology Empowerment,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Value Co-Creation
REPORT 2025
Emergency Incident Management
Crystal-Optech has formulated a series of policy documents, including the Emergency Management Procedure for Information Sys-
tems, Network and Information Security Emergency Plan, and Management System for Data Backup, Disaster Recovery, and Drills.
This establishes a scientific, efficient, and rapidly responsive emergency working mechanism, reasonably prevents risks during the
use of computers and information systems, and minimizes and mitigates network and information security emergencies and the
damage they cause. Based on factors such as the nature, severity, controllability, and impact scope of the incident, the Company
classifies its information security incidents into two levels: company-level and department-level. Different emergency plans are
formulated for each level to ensure that network information faults are detected, reported, and addressed early.
The Company’ s IT management department decides on and deploys emergency management work for unexpected events. When a
network and information security emergency occurs, the Company quickly initiates an emergency response, takes effective mea-
sures to control the development of the situation, and summarizes and analyzes the incident afterwards to learn lessons and contin-
uously improve the emergency response mechanism. This continuously enhances future response capabilities and minimizes the
various impacts that data security incidents may cause.
Phishing Email Prevention Guide Training Case Network Security Emergency Response Drill
Study
In October 2025, Crystal-Optech conducted its second-half 2025 network security emergency response drill. The drill’ s
objective was to fully execute the emergency response process from incident discovery to final review, successfully contain
simulated attacks, and restore business operations. This emergency response drill tested the feasibility and effectiveness of
the Security Emergency Response Plan, enhanced the collaborative combat capability, decision-making ability, and commu-
nication efficiency of the emergency response team under pressure, and increased security awareness among all employees.
Customer Privacy Protection
To systematically implement customer privacy protection, Crystal-Optech has established a series of internal control policies,
Information Security Compliance Training
including the Market Information Confidentiality Management System, which clearly defines the scope of confidentiality, classifica-
tion levels, and management responsibilities. The Company adopts multi-layered protection measures, including but not limited to:
using code names for customer information, avoiding the direct use of full customer names in daily communications and docu-
ments; adding confidentiality statements and warnings when transmitting confidential documents externally; conducting exit audits
During the Reporting Period
and continuous monitoring for personnel in key positions; restricting the use of unauthorized storage devices through technical
means to prevent data leakage; and strictly controlling access rights to confidential areas to reduce information exposure.
The Company conducted a total of 189 information security training sessions.
The Company always adheres to the principles of legality, justification, and necessity when handling customer information, continu-
ously improves its information security management system, effectively safeguards customer privacy rights, and maintains
long-term trust and cooperative relationships with its customers.
People-Oriented,
Uniting for
Common Progress
Our Philosophy
Crystal-Optech has always adhered to the core value of “peo-
ple-oriented” and places high importance on the protection of em-
ployees’ rights and interests. the Company prioritizes the safety and
physical and mental health of employees, strives to create a diverse,
inclusive, equal, and safe working environment, and provides em-
ployees with broad career development platforms and diverse
growth opportunities, fostering synergy between individuals and the
Company to create value together.
Our Actions
Ensuring Occupational Health and Safety, Protecting Employees’
Legal Rights, Focusing on Employee Training and Development,
Practicing Democratic Management
Responded SDGs
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Occupational Health and Safety
Crystal-Optech adheres to the safety production policy of “Safety First, Prevention Focused, Comprehensive Management” and the
occupational health and safety policy of “Building a Harmonious Living and Working Environment.” It upholds the safety manage-
ment concept that “hidden dangers are accidents,” conscientiously implements laws and regulations such as the Work Safety Law of
the People’ s Republic of China (hereinafter referred to as the Work Safety Law) and the Law of the People’ s Republic of China on
Prevention and Control of Occupational Diseases, continuously improves the occupational health and safety production manage-
ment system, implements the work safety responsibility system, strengthens safety education, and safeguards employee safety and
health.
Safety and Health Management System
Governance
Jiangxi Crystal-Optech Occupational Health Jingte Optics Occupational Health Yeshili Occupational Health and
and Safety Management System and Safety Management Safety Management System
The Company has formulated a series of health and safety production policy documents, including the Work Safety Management Certification Certificate System Certification Certificate Certification Certificate
System, Work Safety Responsibility System, Work Safety Reward and Punishment System, and Comprehensive Occupational Health
Management System. These documents strengthen the management and prevention of potential hazards in the production process
The Company has established a safety management organizational structure with clear responsibilities, comprehensively overseeing
and promote the construction of the safety system. During the Reporting Period, the Company obtained ISO 45001 Occupational
safety matters at the organizational level, supervising the implementation of safety work and the achievement of safety goals, and
Health and Safety Management System certification and received the Certificate for Level II Enterprise in Work Safety Standardiza-
adhering to the bottom line of work safety. To ensure the implementation of work safety responsibilities at all levels and strengthen
tion. Its branches and subsidiaries, Jiangxi Crystal-Optech, Xintaijia, Jingte Optics, and Yeshili, have all passed the occupational
safety awareness at all levels, the Company signs work safety target assessment responsibility letters with employees and business
health and safety management system certification.
units. During the Reporting Period, the Company signed a total of 7,821 work safety target assessment responsibility letters.
The Company strictly follows the Regulations on the Management of Work Safety Targets and Assessment to promote the standard-
ized management of safety work, ensuring that safety work in all units has goals, behaviors have standards, assessments have crite-
ria, and rewards and punishments have a basis.
Organization Responsibilities
Responsible for organizing the formulation and implementation of overall and annual work
safety targets, and assessing the results of work safety targets.
Company’s Principal Person in Charge
Responsible for formulating annual work safety targets, indicators, implementation plans,
and assessment methods, as well as conducting inspections, monitoring, and assessments.
EHS Department of the Base Operations Center
Responsible for implementing the work safety target and indicator implementation plans
within their respective units; responsible for promoting and training on work safety targets,
Crystal-Optech Occupational Crystal-Optech Level II Enterpris indicators, implementation plans, and assessment methods within their units; responsible
Health and Safety in Work Safety Functional Centers, Business Groups for the decomposition and assessment of work safety targets and indicators within their
Management System Certificate Standardization Certificate units.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Strategy Management Management Measures
Process
The Company assesses and identifies potential risks and opportunities in its production processes and environment, and provides
corresponding countermeasures to reduce potential risks and improve management efficiency.
Identify hazards by business unit, operation, and product category, and provide control measures; update
hazard sources annually, tracking the number of newly identified, reduced, and eliminated hazards.
Risk Hierarchical Control
Risk/Opportunity Risk/Opportunity Likelihood of Impact Expected Financial
Type Description Occurrence Timeframe Impact Countermeasures
Occurrence of Formulate the Work Safety Inspection and Hazard Investigation and Rectification System; conduct monthly
occupational health or safety hazard investigations and implement closed-loop management for hazard rectification; disclose
Establish standard procedures for hazard investigation data, including trend charts of the number of verified safety hazards, distribution
work safety accidents
Increased hazard identification, prevention, charts of hazard types, and hazard rectification tracking tables, and conduct hazard type analysis. During
Operational may lead to a decline
Medium Short-term operating costs / rectification, and management to Hazard Investigation the Reporting Period, the Company organized 185 hazard investigations, identified 835 hazards, all of
Risk in the Company’s
fines control related risks in a timely and Rectification which have been rectified, achieving a 100% rectification rate.
operational efficiency,
manner.
and in severe cases,
may cause business
Risk interruption.
Occurrence of
occupational health Formulate work safety plans and
Formulate Emergency Plans for Work Safety Accidents, including specific emergency plans and on-site
or work safety Decreased ensure proper emergency response
Reputational disposal plans; strengthen the construction of emergency response teams and conscientiously carry out
accidents may lead to Low Long-term operating to work safety accidents; disclose
Risk emergency drills to effectively protect the safety of employees’ lives and property. During the Reporting
a decline in customer income accident handling information
Period, a total of 14 safety emergency drills were conducted.
trust, affecting promptly and transparently. Emergency Plans
market share.
Optimizing financial
budgets and
Optimize internal processes,
management
strengthen risk assessment and
processes related to
Management hazard investigation, and improve
occupational health High Medium to Reduced Case
Efficiency response speed; invest in R&D or Comprehensive Emergency Drill for Safety Production Month
and safety will Long-term expenses Study
introduce advanced safety manage-
improve the
ment systems and technologies to
Company’s overall
enhance the efficiency of occupation- On May 30, 2025, ahead of the 24th National “Safety
operational efficiency
al health and safety management. Production Month,” focusing on the theme of “Every-
and reduce accident
one Talks about Safety, Everyone Knows How to
handling time and
Respond in Emergencies,” Crystal-Optech organized an
costs.
annual comprehensive emergency drill at its Binhai
Opportunity facility. All employees present at the park and supplier
Providing a healthy
personnel participated in this event. This drill effectively
and safe working
tested the practicality of various procedures in the
environment for
Company’ s comprehensive emergency plans, honed the
employees helps Strengthen safety education, training,
response and organizational capabilities of the emer-
Healthy reduce the risk of and promotion; regularly conduct
gency team, and improved the emergency avoidance,
and employee injury, Medium to Reduced labor occupational health monitoring;
High self-rescue, and mutual rescue skills of the employees.
Stable reduces absenteeism Long-term costs continuously optimize the workplace Comprehensive Emergency Drill
Productivity due to illness, and environment and increase investment
improves employee in protective facilities.
stability, sustainabili-
ty, and work
efficiency.
Case
Study Emergency Drill for Sudden Chemical Leak
Impact, Risk, and Opportunity Management
On April 16, 2025, the Company organized a “Sudden Leak Accident Emergency Drill for Corrosive Chemical Spill” at the hazardous chemicals
warehouse, with a total of 52 participants. This drill effectively exercised the emergency rescue and handling capabilities of the emergency
The Company has formulated systems and procedures such as the Control Procedure for Hazard Identification and Risk Assessment, teams, further standardized the procedures and content for information reporting and dissemination regarding sudden chemical leak
incidents, and comprehensively enhanced the collaboration and response capabilities of various emergency groups in dealing with sudden
Emergency Preparedness and Response Procedure, and Emergency Preparedness and Response Management Measures, forming a chemical leaks.
complete management process to effectively identify, assess, and manage safety risks hierarchically.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Metrics and Objectives Contractor Safety Management
To strengthen contractor safety management, the Company formulates the Contractor Safety Management Regulations, signs the
Indicator
Contractor EHS Management Agreement with contractors, conducts pre-qualification reviews of contractors, requires contractors to
provide relevant qualification certificates, and signs the Contractor Entry Park Safety Management Notice, which includes on-site
Indicator Unit 2025 work safety and environmental protection guidelines and emergency response procedures. When processing contractor entry per-
mits for construction, the Security Department must review the Contractor EHS Management Agreement and the Contractor Entry
Total Investment in Safety Training 10,000 yuan 60.5
Park Safety Education Notice and confirm their accuracy before issuing the entry permits. During the contractor’ s work process, the
Number of Safety Training Sessions Session 156 Company assigns a project supervisor to oversee operations, requiring the contractor to complete the ‘Contractor Daily Inspection
Number of Participants in Safety Training Person-time 35,015 Record Form’ and promptly address any identified issues.
Total Duration of Safety Training Hour 93,056
Safety Promotion and Training
Average Duration of Safety Training per Person Hour/person 10.67
The Company places high importance on safety culture development, regularly organizing activities such as ‘Safety Production
Coverage Rate of Safety Training % 100
Month’ and ‘Fire Safety Promotion Month,’ actively conducting occupational health and safety training for employees, including
Coverage Rate of Safety Risk Protection Training % 100 hazard identification, anti-three violations safety knowledge, accident case studies, and various safety training sessions. The Com-
Safety Production Investment 10,000 yuan 626 pany also regularly publishes ‘EHS Encyclopedia’ to popularize safety knowledge and enhance the safety awareness of all employ-
ees.
Number of Work-Related Deaths Person 0
Number of Workdays Lost due to Work-Related Injuries Day 0 Case
Study Safety Production Month Series Activities
Work Injury Rate % 0
In June 2025, the Company carried out a series of activities for Safety Production Month, including safety awareness promotion, hazard report-
ing activities, safety skills competitions, Red Cross first aid certification training, safety officer certification training, safety leadership training,
Target special inspections, and emergency drills. Through multi-level and multi-dimensional activity arrangements, the Company effectively strength-
ens safety management at all levels and enhances the emergency self-rescue and mutual rescue capabilities of all employees.
The Company sets occupational health and safety goals for the year 2025.
Target Content Achievement Status
Zero fire accidents in 2025 Achieved
Zero new occupational diseases in 2025 Achieved
Zero serious or fatal safety production accidents in 2025 Achieved
Jiaojiang District 2025 “Ankang Cup”
Minor injury accident rate in 2025 ≤ 1‰ Achieved Safety Awareness Promotion Red Cross First Aid Certification Training
Work Safety Knowledge Competition
Safety and Health Management Measures
Production Equipment Management
The Company formulates the Equipment Management Regulations to manage the entire lifecycle of equipment operation and speci-
fies the responsibilities for equipment management as well as pre-, mid-, and post-use management of equipment. Additionally, the
Team Leader Safety Leadership Training Hazard Identification Training Anti-Three Violations Safety Knowledge Training
Company regularly conducts equipment safety hazard identification and rectification supervision in a closed-loop process.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
In addition, the Company conducts specialized safety training for contractors to ensure strict compliance with safety regulations least once every three years, ensuring that the intensity or concentration of occupational disease hazard factors in the workplace
during project execution, jointly maintaining the Company’ s work safety order and working together to build a harmonious work complies with national occupational health standards. During the Reporting Period, the Company’ s occupational disease hazard
environment with zero accidents and zero injuries. factor testing compliance rate was 100%.
Case
Study Contractor Safety Training
Occupational Disease Protection
On April 23, 2025, the Company conducted contractor operation standard training for third-party construction personnel. The safety training
mainly included basic safety knowledge, accident case warnings, special operation standards, emergency response and fire evacuation, etc.
Additionally, an EHS assessment of the contractors was conducted, and safety agreements were signed. The Company has formulated occupational disease prevention systems such as the Labor Protection Equipment Management Mea-
sures, the Safety and Occupational Health Warning and Notification System, and the Occupational Health Examination Management
Measures, implementing various occupational disease prevention measures to effectively prevent, control, and eliminate occupa-
Safety Facility Management tional hazards, prevent occupational diseases, and protect the health of all employees. Employees may encounter hazards such as
noise, radiation, and chemical exposure during production work. The Company provides complete labor protection equipment and
To strengthen the Company’ s fire safety management, the Company formulated the Fire Safety Management Regulations, regularly conducts maintenance, management, and regular inspections of such equipment. The Company establishes and posts hazard notifi-
entrusting professional third-party institutions to conduct comprehensive fire facility inspections. After the inspections, rectification cation signs and warning labels to remind workers to protect their health and safety. The EHS Department of the Base Operations
reports are promptly provided, and various improvement measures are quickly implemented. Furthermore, the Company itself con- Center annually identifies occupational health hazard positions within the Company and issues the Occupational Hazard Assessment
ducts regular maintenance of fire facilities to ensure their effectiveness and safety. In terms of hazardous chemical safety manage- Form, listing occupational hazard factors, their impact on the human body, and potential occupational diseases, and assesses
ment, the Company strictly adheres to chemical storage and usage standards, focusing on leak-proof measures to comprehensively whether medical examinations are required. The scope of employee occupational health examinations includes pre-employment,
protect employees’ lives, property, and environmental harmony. in-service, and emergency medical examinations. During the Reporting Period, the employee medical examination coverage rate
was 100%, with 0 new cases of occupational diseases.
On-site Labor Protection Equipment On-site Warning Sign Images
Chemical Leak-Proof Measures Fire Protection Facilities
Occupational Health Protection
Occupational Disease Hazard Factor Testing
The Company formulated the Occupational Health Comprehensive Management System, which stipulates occupational disease
hazard monitoring and evaluation management. The Company shall entrust qualified occupational health technical service agencies Employee Physical Examination
to conduct occupational disease hazard factor testing at least once a year and occupational disease hazard status evaluation at
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Protecting the Legitimate Rights and Interests of Employees Protection of Women’s Rights
The Company values the protection of women’ s rights and has established the Female Employee Labor Protection Management
Procedures, stipulating the principle of gender equality in promotions, compensation, and benefits. It strengthens humanized care
Crystal-Optech regards employees as the primary resource for the Company’ s development, cares for and respects their rights,
for special stages such as pregnancy, maternity, and breastfeeding, helping female employees better achieve work-life balance. The
continuously optimizes the employee structure, improves the welfare and security system, facilitates democratic communication
Company provides female employees with exclusive paid leave such as breastfeeding leave, prenatal check-up leave, childcare
channels, effectively enhances employees’ sense of belonging and cohesion, and builds a harmonious and stable labor relationship.
leave, and single-child accompanying leave. It also sets up breastfeeding rooms to offer convenience and a comfortable space for
female employees during the breastfeeding period.
Protection of Employee Rights
Human Rights Protection
The Company strictly complies with laws and regulations such as the Labor Law of the People’ s Republic of China (hereinafter
referred to as the Labor Law) and the Labor Contract Law of the People’ s Republic of China (hereinafter referred to as the Labor
Contract Law). It formulates and implements regulations such as the Employee Handbook, Procedures for Prohibiting Discrimination,
Harassment or Abuse, Non-Forced Labor Procedures, and Child Labor and Juvenile Worker Control Procedures to safeguard the legit-
imate rights and interests of employees. The Company prohibits all forms of harassment, abuse, sexual harassment, or corporal pun-
ishment as disciplinary measures, firmly opposes discriminatory behavior, and does not differentiate treatment of employees based
on factors such as age, disability, ethnicity, gender, marital status, nationality, political affiliation, race, religion, sexual orientation,
gender identity, union membership, or any other status protected by applicable national or local laws. The Company prohibits the
use of any form of forced or compulsory labor, ensuring that all employees across the Company are voluntarily employed. The Com-
pany prohibits the employment of child labor and strictly verifies the identity information of job applicants during the recruitment
process to ensure that all applicants meet the legal working age. If employees discover any of the above prohibited behaviors within Female Employees’ Breastfeeding Room
the Company, they may file a complaint verbally or in writing to their superiors.
To further enhance employees’ awareness of human rights protection, the Company provides specialized RBA corporate social
responsibility training for new employees, teaching relevant codes of conduct and human rights protection clauses to help employ-
ees deeply understand and consciously practice the values of respect and inclusion in their work.
Indicator Unit 2025
Number of Employees Enjoying Maternity Leave Person 80
During the Reporting Period Return-to-Work Rate of Employees
% 96
Enjoying Maternity Leave
The employee labor contract signing rate was 100%, and no illegal or non-compliant inci- Number of Employees Enjoying Childcare Leave Person 372
Return-to-Work Rate of Employees
% 100
dents such as employment discrimination, harassment, child labor, or forced labor occurred. Enjoying Childcare Leave
Proportion of Female Employees % 23
in Management Positions
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Talent Recruitment and Retention Indicator Unit 2025
Under 30 Years Old (Excluding 30) Person 4,343
Talent Recruitment
The Company adheres to the principles of ‘fairness, openness, competition, merit-based selection, and non-discrimination,’ strictly
complies with laws and regulations such as the Labor Law and the Labor Contract Law, and formulates the Recruitment and Em- By Age 40-50 Years Old (Including 40, Excluding 50) Person 1,169
ployment Control Procedures to standardize processes such as employee interviews and hiring, improve recruitment quality, ensure
the timely introduction of required talents, and gradually establish a stable talent team. The Company continuously conducts diver- 50 Years Old and Above Person 178
sified recruitment through channels including social recruitment (online platforms such as BOSS, 51job, and Liepin), campus recruit-
Production Staff Person 6,517
ment (partner institutions such as Changchun University of Science and Technology, Shaanxi University of Science and Technology,
and Xi’ an Technological University), recruitment through labor departments, collaboration with headhunting firms, as well as inter-
Sales Staff Person 160
nal recruitment, labor dispatch, and media recruitment. Additionally, the Company has established dedicated recruitment channels
for veterans and individuals with disabilities, tailoring suitable positions based on their unique skills, experiences, and personal
Technical Staff Person 1,405
traits.
By Profession
Financial Staff Person 64
Administrative Staff Person 575
Doctorate Person 25
Master’s Degree Person 274
Bachelor’s Degree Person 1,357
By Educational Associate Degree Person 1,883
Background
Campus Recruitment Seminar
High School (Secondary Specialized) Person 2,910
Below Junior High School Person 2,272
Employee Structure
Senior Management Person 60
Middle Management Person 200
Indicator Unit 2025
By Job Level
Frontline Employees Person 8,461
Total Number of Employees Person 8,721 Mainland China Person 8,399
Hong Kong, Macau,
Female Person 3,175 Person 10
and Taiwan Regions of China
By Region
Male Person 5,546 Overseas Regions Person 312
By Gender
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Indicator Unit 2025 Performance Appraisal Management
Number of Ethnic Minority Employees Person 473 The Company has formulated the Platform Functional Personnel Performance Incentive Plan to establish a scientific incentive and
restraint mechanism. Annual performance appraisals are conducted for all functional personnel on the platform. The appraisal pro-
Number of Ethnic Minorities in Management Person 1 cess includes performance goal setting, performance evaluation, performance interviews, and performance appeals. The appraisal
results are linked to annual performance bonuses, rewards, and personal development.
Performance Management Process for Platform Functional Personnel
Talent Retention
Performance appraisals for managerial positions are primarily evaluated by the heads
Equity incentives are an indispensable tool for cultivating and building a professional, market-oriented, and high-quality workforce. of functional centers, while appraisals for non-managerial positions are jointly evalu-
ated by direct and indirect supervisors.
The Company actively implements employee stock ownership plans and sets unlocking conditions tied to individual performance Performance Evaluation
appraisal results, striving to retain talent resources and continuously motivate employees’ enthusiasm and dedication. During the
Reporting Period, the employee turnover rate in the Company’s functional platforms was 20%. Supervisors in charge of appraisals are responsible for conducting performance inter-
views, communicating with each employee based on their actual work, achievements,
and performance, and providing improvement suggestions to help employees
Compensation and Bene?ts Management
Performance Interview enhance their performance.
If employees are unclear about or disagree with the appraisal results, they may first
communicate with their department heads. If the communication is ineffective, they
Employee Compensation may submit a written appeal to the Human Resources Center. Upon receiving the
appeal, the Human Resources Center will respond within three working days regard-
Performance Appeal ing whether the appeal is accepted. For accepted appeals, the Human Resources
The Company formulates the Compensation Management Regulations, adhering to the compensation design principles of ‘fairness,
Center will conduct an investigation and coordinate with the appealing employee.
competitiveness, motivation, legality, differentiation, and sustainability,’ and establishes a compensation distribution system that is
Strengthening Democratic Management
externally competitive and internally balanced. Employee compensation includes fixed income, variable income, and long-term
incentives, with variable and long-term incentives linked to company and individual performance. The compensation and benefits
standards for frontline employees are higher than the local minimum wage.
Democratic Management Mechanism
The Company strictly complies with the Trade Union Law and related regulations, formulates the Trade Union Work Procedures, and
Employee Benefits
establishes a trade union and staff congress. The staff congress, as an institution representing and serving the interests of all em-
The Company has established the Employee Benefits Management Regulations for all domestic employees, covering benefits such as ployees, has its members elected by employee vote. Trade union members are democratically elected by the staff congress. In
social security, employee life benefits, work condition benefits, employee health benefits, and cultural, recreational, and family activ- accordance with the law, the trade union organizes employees to participate in the Company’ s democratic decision-making, demo-
ity benefits. cratic management, and democratic supervision through the staff congress.
The Company strictly complies with national and local laws and regulations, providing social insurance and housing provident fund Employee Communication and Exchange
contributions for employees who have signed labor contracts with the Company. The Company offers employee dormitories for
some staff, as well as life benefits such as holiday gifts, birthday benefits, and retirement condolence payments. Employees can The Company strengthens democratic development by formulating and implementing the Employee Appeal and Handling Proce-
enjoy work-related benefits such as housing subsidies, night shift allowances, and transportation subsidies. dures, encouraging employees to voice their opinions, suggestions, and concerns, promoting open communication between man-
agement and employees, and ensuring fairness, justice, and equality within the Company. The Human Resource Shared Service
Center is responsible for handling employee appeals and archiving appeal records. The trade union assists in investigating and han-
Indicator Unit 2025
dling employee opinions and appeals, addressing violations of labor laws and regulations, infringements of employees’ legal rights,
Social Insurance Coverage Rate % 100 and labor disputes within the Company. Employees may file an appeal if they encounter situations they believe harm their rights or
involve violations of laws or regulations. To protect employees from retaliation, anonymous appeals are allowed through channels
Average Number of Paid Annual Leave Days per Capita Day 3.6
such as the general manager’s mailbox, official WeChat account, email, or phone.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Employee Satisfaction Survey
The Company conducts an annual satisfaction survey for all employees, continuously addressing their needs and resolving issues
efficiently. In this year’ s satisfaction survey, the Company evaluated six core dimensions: appeal mechanisms, wages, health and
safety, mental health, facilities, and workforce stability. A total of 2,125 employees participated, with a participation rate of 74%5.
Writing ‘Fu’ and Giving Spring International Women’s Day Activity Dragon Boat Festival Activity
Festival Couplets Activity
Employee Care Employee Assistance
The Company cares for and supports retired employees, conducting regular visits and condolences to ensure each retired employee
Employee Activities deeply feels the Company’ s concern and warmth. To create a good atmosphere of unity and mutual assistance, the Company estab-
lished a ‘Gratitude Fund’ committee, focusing on employees’ actual difficulties and providing timely financial assistance and support
The Company places great emphasis on the construction of humanistic care, providing comprehensive care for employees in both
to families of employees suffering from major illnesses. During the Reporting Period, the Company assisted 3 employees in need,
work and life. By organizing a variety of employee activities, it promotes communication and collaboration among teams, enhances
with a total assistance amount of 59,800 yuan.
mutual understanding and trust among employees, and continuously fosters a harmonious and positive work atmosphere. In addi-
tion, the Company has established an ‘Employee Home’ as an important venue for employees’ cultural and recreational activities
and a platform for spiritual exchange and relaxation, further strengthening employees’ sense of belonging and team cohesion.
Employee Mental Health
The Company firmly believes that employee mental health is a crucial foundation for stable corporate development. To this end, the
Company has formulated the Employee Mental Health Protection Mechanism, implementing a series of measures and activities to
ensure employees maintain good mental health and work-life balance while working efficiently. The Company has established a
mental health leadership group and an execution group, regularly conducting mental health training and team-building activities for
employees. Employee mental health is also incorporated into the monthly assessment system, with continuous optimization of the
mental health protection mechanism based on assessment results, creating a healthy, harmonious, and positive work environment
for employees.
Crystal-Optech Fourth Dual Ball Competition Mid-Autumn Festival Activity
Teachers’ Day Activity Crystal-Optech Tenth Basketball Tournament
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Employee Training and Development
Crystal-Optech attaches great importance to talent development and cultivation, committed to planning clear growth paths for em-
ployees, building a systematic and multi-dimensional training system, and providing abundant training resources and personalized
learning support to empower employees to continuously enhance their professional capabilities and comprehensive qualities.
Employee Training Management
Optics Major Compulsory Course Equipment Major Compulsory Course
Training Platform Construction
In 2017, the Company established the Crystal Business School, adhering to the mission of ‘serving Crystal’ s cultural heritage, strate-
gic implementation, and business growth in a timely, precise, and effective manner’ and the teaching philosophy of ‘integrating
knowledge and action, combining training and practice.’ It has built a knowledge platform, learning platform, and service platform
covering the entire Crystal domain, providing sufficient endogenous talent support for the Company’ s development. Additionally,
the Company has established a learning and growth system for managing employee training evaluations, along with setting evalua-
Technical Position Engineering Crash Course
tion standards that assess training outcomes from three aspects: credits, learning ability index, and learning sharing index.
The Company continuously upgrades its online learning platform, with courses covering leadership and professional competency
systems. By the end of the Reporting Period, the platform offered a total of 455 courses, including 215 newly added or updated
courses during the year.
Faculty Team Building
Coating Training Camp
To promote team growth and business development, the Company has established a team of lecturers to conduct diversified inter-
nal training for various departments. Through the sharing of professional knowledge and practical experience, it helps employees
quickly improve their business skills and practical problem-solving abilities. As of the end of the Reporting Period, the Business
School has certified a total of 123 lecturers, with 17 new internal lecturers selected and certified during the year.
During the Reporting Period, to further enhance the course development and teaching abilities of lecturers, the Company organized
Xinjing Cadre Training Camp New Senior Executive Training
specialized training such as Vivid Teaching Techniques for Lecturers, with a total of 27 lecturers participating.
Case
Study 2025 “Crystal Talent Program” Bootcamp
Employee Training Programs During the Reporting Period, the Company meticulously planned and
successfully held the 2025 “Crystal Talent Program” Bootcamp. This
The Company places great emphasis on talent development. In terms of professional competency training, the Company has imple- bootcamp focused on empowering new talents and solidifying the
mented programs such as the Optical Professional Required Course, Equipment Professional Required Course, Technical Position talent foundation. Through diversified courses and practical exercises,
Engineering Crash Course, and Coating Bootcamp to solidly improve employees’ technical literacy and practical business skills. In it helped Crystal Talent participants systematically master essential
workplace knowledge and skills, effectively facilitating their smooth
terms of leadership enhancement, the Company has launched specialized leadership training, the New Crystal Cadre Bootcamp, and
transition from campus to the workplace. It comprehensively
New Executive Training programs to strengthen the management mindset, team leadership, and strategic execution capabilities of
enhanced their overall professional skills and job competency, contin-
key personnel at all levels. Additionally, the Company conducts onboarding training programs to help new employees quickly inte-
uously injecting fresh vitality into the Company’s future development.
Crystal-Optech 2025 Crystal Talent Bootcamp
grate into the culture, familiarize themselves with the business, and accelerate their ability to perform their roles.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
People-Oriented,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Uniting for Common Progress
REPORT 2025
Indicator Unit 2025 Level Code Core Value Typical Profile
Total Investment in Employee Training 10,000 yuan 270.29 P9
Leading Authority
Number of Employee Training Sessions Session 144 P8
Total Number of Training Attendances Person-time 98,107 P7
Innovation Expert
Employee Training Coverage Rate % 100 P6
Total training duration Hour 28,227.58 P5
Development Backbone
Average Training Hours per Employee Hour/person 3.24 P4
P3
Employee Development Pathways
Practice Experienced
P2
Job Rank System P1 Learning Beginner
The Company provides support and platforms for employee growth, offering broader development opportunities for talents who are
Excellence Ladder Level Settings
willing to challenge themselves and pursue comprehensive development. The Company has formulated the Career Planning - Arti-
san Ladder (T Series) Promotion System and the Career Planning - Excellence Ladder Promotion Management System to establish
Internal Recruitment
professional career advancement paths for frontline key employees. Based on these systems, leaders assist subordinates in formu-
lating and implementing career development plans, regularly evaluate the effectiveness of subordinates’ career plans, provide
To fully activate the Company’ s human resources and build a sustainable talent development mechanism, the Company has estab-
improvement suggestions, and offer necessary support and assistance. Employees, guided by the Artisan Ladder, continuously
lished the Job Competition Management System to systematically select, cultivate, and reserve outstanding talents, thereby broad-
enhance their professional capabilities, actively participate in various training programs provided by the Company, and inde-
ening the channels for the Company to attract excellent talents and providing employees with a continuous growth career platform.
pendently apply for professional level certifications.
Level Code Core Value Typical Profile
T5
Development Backbone
T4
T3
Practice Experienced
T2
T1 Learning Beginner
Artisan Ladder Level Settings
Gathering Strength
for Public Welfare,
Benefiting People’s
Livelihood
Our Philosophy
Crystal-Optech has always regarded fulfilling corporate social
responsibility as its original aspiration and duty, actively promoting
community-enterprise co-construction, empowering rural develop-
ment, and continuously carrying out charitable donations to give
back to society with practical actions, achieving the common sus-
tainable development of the enterprise and society.
Our Actions
Increasing Community Contributions, Supporting Rural Revitaliza-
tion, Engaging in Public Welfare and Charity
Responded SDGs
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
Gathering Strength for Public Welfare,
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Benefiting People’s Livelihood
REPORT 2025
Rural Revitalization Public Welfare
Crystal-Optech actively responds to the CPC Central Committee’ s call to “Comprehensively Promote Rural Revitalization” by fully Crystal-Optech actively participates in social welfare causes, orderly carries out external donation work, dedicates love with practi-
carrying out consumption assistance, education assistance, employment assistance, and other work to empower rural revitalization cal actions, and contributes to the construction of a harmonious society. In 2025, the Company’s total public welfare investment was
in assisted areas and support the sustainable and healthy development of the rural economy. In 2025, the Company invested a total 200,000 yuan.
of 130,000 yuan in rural revitalization.
Case Donating to Needy Students in Henan Case Five-Year Public Welfare Commitment, Practicing Responsibility and Duty
Study Study
To actively respond to the Party’s relevant spirit and deployments, and thoroughly implement the requirements of the rural revitalization strat- In 2025, the Company officially signed the Charitable Donation Agreement with the Jiaojiang District Charity Federation in Taizhou City,
egy, Crystal-Optech has always proactively practiced corporate social responsibility and deeply rooted the culture of gratitude within the launching a five-year systematic public welfare donation plan with a cumulative donation amount of RMB 1 million. Each year, a directed
enterprise. In 2025, the Company continued to provide educational support to five needy students in Zhongtou Town, Jia County, Pingding- donation of RMB 200,000 will be made and Achieved before April of that year. Through the professional platform of the Jiaojiang District
shan City, Henan Province. Through continuous actions of precise education poverty alleviation, the Company supports the revitalization of Charity Federation, the funds will be precisely used to assist disadvantaged groups and support the implementation of public welfare projects,
rural education, deeply integrates the fulfillment of social responsibility with the construction of a corporate culture of gratitude, and steadily effectively contributing to the development of local charitable causes.
advances and achieves the social value goals pursued by the Company.
Case Consumption Assistance for Revitalization
Study
Under the guidance of the rural revitalization strategy, Crystal-Optech deepens its social responsibility practices by focusing on consumption
assistance, breaking through the production and sales chain of agricultural products in assisted areas through the “purchase instead of dona-
tion” model, and effectively helping farmers increase income and rural industries develop. In 2025, the Company directed purchases of agricul-
tural products from impoverished counties in Sichuan, with a total purchase amount of 120,008 yuan, not only providing material support for
employee welfare and daily operations but also directly helping assisted areas solve the problem of agricultural product sales, transforming
farmers’ “field harvests” into “stable incomes.”
Purchasing Specialty Agricultural Products
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Looking Ahead
REPORT 2025
Looking Ahead
ue to adhere to its corporate vision of “becoming a global leading one-stop optical expert,” embracing the operational principle of quality and safety guarantees. We will continue to build an inclusive, diverse, and mutually respectful work environment, providing
“consolidating foundations, focusing on strategic breakthroughs, and embracing the new era of AI.” It will persist in sustainable employees with clear career paths and comprehensive care and support. We will more actively participate in public welfare actions,
development, leading the optical industry toward a greener, more inclusive, and smarter future. fulfill our social responsibilities, and genuinely give back to society.
In the environmental domain, we will continue to uphold the concept of green development, actively address climate change, In the governance domain, we will continue to improve the ESG management system, solidly integrating sustainable development
improve resource efficiency systems, promote low-carbon energy transition, reduce pollutant generation and emissions at the goals into the Company’ s strategy and implementation plans. We will continue to enhance the breadth and depth of information
source, protect the ecological environment, and strive to achieve coordinated progress between economic development and eco- disclosure, maintain active dialogue with stakeholders, and continuously strengthen the resilience, transparency, and foresight of
logical protection. corporate governance, laying a solid foundation for long-term sustainable development.
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Appendix
REPORT 2025
China Corporate Sustainability Self-Regulatory Guidelines for
Appendix Report Global Reporting Initiative
Reporting Guidelines Listed Companies No. 17 – Sustainability
Chapters (GRI Standards)
(CASS-ESG 6.0) Reporting (Trial)
Article 11
E2.1.1/E2.1.2/E2.1.3/E2.1.5/E2.1.6/
Environmental Article 29
China Corporate Sustainability Self-Regulatory Guidelines for 303-4/306-1/306-2/ E2.1.8/E2.1.9/E2.2.1/E2.2.3/E2.2.5/
Report Global Reporting Initiative Compliance Article 30
Listed Companies No. 17 – Sustainability 306-3/306-4/306-5 E2.2.6/E2.2.7/E2.4.1/E2.4.2/E2.4.3/
Reporting Guidelines Management Article 31
Chapters (GRI Standards) Reporting (Trial) Low-Car- E2.4.4/E3.3.4/E3.3.5
(CASS-ESG 6.0) Article 33
bon
Article 4 Actions,
Green
About This Report 2-2/2-3 P1.1/P1.2
Article 6 Develop- Article 11
ment Resource E3.1.1/E3.1.2/E3.1.4/E3.1.5/E3.2.1/
Management E3.2.2/E3.2.3/E3.2.4/E3.3.1/E3.3.2/
Chairman’s Speech / P2.1 / /303-5 Article 36
E3.3.4/E3.3.5
Article 37
Company
Profile
Development
/ P3.2 / S2.1.1/S2.1.2/S2.1.3/S2.1.4/S2.1.5/
Strategy Innovation- Article 11
/ S2.1.6/S2.1.7/S2.1.8/S2.1.10/S2.1.11/
Corporate Driven Article 42
About S2.1.12/S2.1.13
Culture / P3.2 /
Crystal-
Optech Corporate
Honors / / /
Article 11
Article 45
gy Management 414-1/414-2 S3.2.1
Highlights Article 46
and
Performance erment,
Value Co-
Creation Product
ESG Goals and Service 416-1/416-2/ S3.3.1/S3.3.2/S3.3.3/S3.3.4/ Article 11
/ / /
and Vision Safety and 417-1/418-1 S3.3.5/S3.3.6/S3.4.3/S3.4.4 Article 47
Quality
ESG
Governance
ESG
Manag- Data Security
Stakeholder Article 9
ement 2-16/2-29 G1.3.2 and Privacy 418-1 S3.4.1/S3.4.2/S3.4.3 Article 48
Engagement Article 53 Protection
Materiality
Issue 2-29/3-1/3-2/3-3 G1.1.9/G1.1.10 Article 5
Management
Occupational 403-1/403-2/403-3/ Article 11
Health and 403-4/403-5/403-7/ S4.2.1/S4.2.2/S4.2.3/S4.2.4/S4.2.6 Article 49
Standardizing
Peo-
Corporate 2-13/2-15/2-18/2-19/ / /
ple-ori-
Governance 2-20/2-27/207-2 ented, Protecting
Standard- Uniting the
for Legitimate 2-7/201-3/401-1/401-2/ S4.1.1/S4.1.2/S4.1.3/S4.1.4/
ized Article 49
Common Rights and 401-3/405-1/406-1/ S4.1.5/S4.1.6/S4.1.7/S4.1.8/
Gover- Article 50
Protecting Progress Interests of 408-1/409-1 S4.1.9/S4.1.10/S4.1.11/S4.1.12
nance and
Steady Investor 2-16 / / Employees
Opera- Rights
tions Employee
S4.3.1/S4.3.2/S4.3.3/ Article 49
Training and 404-1/404-2
S4.3.4/S4.3.5/S4.3.6 Article 50
Development
Article 54
Practicing 2-25/2-26/2-27/ G2.1.1/G2.1.2/G2.1.3/G2.1.4/
Business Article 55 Gathering
Ethics Article 56 Strength 203-1/203-2 S1.1.1/S1.1.2/S1.1.3/S1.1.4
Revitalization Article 39
for Public
Welfare,
Benefiting
Public Article 38
Article 11 People’s 203-2 S1.2.1/S1.2.2
Welfare Article 40
Livelihood
Article 21
Low-Car-
Article 22
bon Addressing E1.1.1/E1.1.2/E1.1.3/E1.1.4/E1.1.5/ Looking Ahead / A1 /
Actions, Climate 201-2/305-1/305-2/ Article 23
Green E1.1.6/E1.1.7/E.1.1.8/E1.1.15/
Change 305-4/305-5 Article 24
Develop- E1.1.16/E1.1.19/E3.1.4/E3.3.3 Index of / A3 Article 57
ment Article 25 Indicators
Article 27 Appendix
Feedback
Article 28 Form / A6 /
ZHEJIANG CRYSTAL-OPTECH CO.,LTD.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Feedback Form
REPORT 2025
Feedback Form
Thank you for reading the Crystal-Optech Co., Ltd. 2025 Environmental, Social, and Governance Report. To improve Crystal-Optech’
work in environmental, social, and governance aspects, further enhance the Company’ s sustainable development capabilities and
levels, and strengthen communication with all sectors of society, we sincerely hope that you can take the time to provide valuable
comments and suggestions on our work and the report.
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