Stock Code：300888
Message from Chairman 3
CONTENTS
About This Report 5
About Us 6
Management 02 Well-grounded
Governance 03 Elevate Product
Excellence
Sustainable Development 11 Standardize Corporate 24 Focus on Innovation-Driven 39
Governance Structure Governance Development
Sustainable Development Strategy 12 Legal and Compliant Operations 28 Create Excellent Products 49
Stakeholder Engagement 19 Upholding Business Ethics 31 Sustainable Supply Chain 73
Materiality Assessment 20 Information Security and Privacy 34
Protection
Growth 06 Drive Community
Thriving
Environmental Compliance 81 Building a Talent Echelon 100 Practicing Social Responsibility 116
Management
Protecting Employee Rights 106 Medical Accessibility 122
Promoting Green Production 84
Protecting Health and Safety 112
Climate Change Response 92
Appendix
Appendix I: Policy List 123
Appendix II: 2025 ESG Key Performance Indicators 125
Appendix III: Sustainability Report Content Index 130
Appendix IV: Independent Assurance Statement 136
Winner Medical Co., Ltd.
Message from Chairman
“
Looking back on the 35-year entrepreneurial journey, Winner Group has always been thinking about a fundamental
question: Who exactly holds the lifeline of the enterprise? As we have come this far, we are increasingly convinced
that strategy and tactics are ’methods’, while vision, mission and values are the ‘guiding philosophy’ of an enterprise.
“
Since its inception, Winner Group has established the core business principle of ‘Quality over the Profit, Brand over
Doing the right thing is far more the Speed, Social Value over the Corporate Value’. Essentially, these three are the simplest and most steadfast ESG
concepts. We have been deeply involved in the business layout driven by both healthcare and consumption.
important than doing things right. For
Whether it is medical dressings that protect lives or cotton products that change lives, the underlying logic has
Winner Group, ESG is not a matter of
never changed - that is, the reverence for life and the protection of nature.
choice, but the essential path for us to
embody the principle of ‘Guiding
Philosophy over Methods’ and achieve
enduring, century-long sustainability.
Founder and Chairman of Winner Group
Li Jianquan officially put forward a new ESG strategic vision: ’Practice the concept of a healthy and environmentally friendly
lifestyle and achieve the harmonious coexistence of humans and the environment’. To firmly promote the
implementation of the company’s ESG strategy, we have established a Sustainable Development Leadership Group
and six special executive teams, under the guidance of the Strategy and Sustainable Development Committee, to
coordinate the formulation of the Company’s ESG policies, goal setting and practical promotion. We deeply
understand that only by integrating sustainable development into the entire value chain of operations and making
the ‘guiding philosophy’ the ultimate criterion for strategic choices can an enterprise maintain its stability in the
profound changes unseen in a century.
Elevate Product Excellence: Linking a Green Future with a Single Cotton
In Winner Group’s strategic map, ‘product leadership’ has always been the primary engine for us to practice
sustainable development. We adhere to the first principles and continuously deepen the research and development
of basic materials relying on the ’246+6’ innovation rule, aiming to explore the ultimate environmental protection
value of cotton, a natural, renewable and biodegradable fiber, and deeply empower the two core business
segments of healthcare and consumption with it.
On the medical side, we are committed to building ‘the No. 1 brand of green operating rooms in China’ and
promoting the low-carbon transformation of the medical industry. Through disruptive materials such as all-cotton
spunlace non-woven fabrics, while addressing medical pain points, we significantly reduce the use of disposable
plastic products. On the consumer side, Purcotton products consistently maintain a natural cotton fiber proportion
of no less than 95% and comprehensively promote the transition to ‘zero plastic/reduced plastic’ packaging. We
firmly believe that through the ‘innovation’ of technology, we can achieve a win-win in product efficacy, safety, and
environmental friendliness.
Winner Medical Co., Ltd.
Elevate Product Excellence: Linking a Green Future with a Single Cotton Drive Community Thriving: Altruism is the Greatest Long-Termism
As the chain-leading enterprise of the "Healthy Life" at the 3rd China International Supply Chain Expo "Caring health, cherishing life, and protecting the environment for a better world" - this is the original
(referred to as the "CISCE"), we deeply understand that one tree does not make a forest. Winner Group intention and vision that Winner Group has adhered to since its establishment. Over the years, we have
is committed to building a "sustainable supply chain collaboration system". By jointly issuing the "Green always prioritized social value, transforming the professional capabilities of the enterprise into the
Win-Win Chain Initiative", we call on the entire industry to jointly build a green ecosystem. Through AI- effectiveness of social services.
driven digital intelligent means, we achieve transparent management of the entire supply chain from
We have continuously made efforts in medical inclusiveness, promoting the distribution of high-quality
raw material procurement to terminal delivery. In 2025, we strengthened the ESG audit standards for
medical resources; we have deeply engaged in caring for women and children. Through projects such as
suppliers, taking labor rights and environmental protection as the red lines for entry. We are committed
the "Nice Princess · Nice for Her" campaign and "Listen to the Voice of Children", we protect the physical
to being an enabler of the industrial chain, leading upstream and downstream partners to jointly fulfill
and mental health of women and teenagers in difficult situations. We always firmly believe that the value
the national commitments of carbon peaking and carbon neutrality.
of an enterprise does not lie in how much wealth it has, but in how many social problems it has solved
and how much warmth and trust it has brought to the community and the public.
Love Our Planet: Redefining New Benchmarks for Green Intelligent Manufacturing Enduring and Ever-new, Forging Ahead Together
We have transformed our extreme pursuit of manufacturing processes into a firm responsibility to Strategy sets the course, while tactics dictate the pace; strategy is about trade-offs, while tactics are
protect the Earth. We are comprehensively promoting intelligent upgrading and the construction of about excellence. For Winner Group, our ESG strategy represents both our "direction" and our
green factories. This is not only for technological upgrading but also to achieve agile supply and rapid "distinction". "Enduring" reflects our strategic resilience. We remain steadfast in our commitment to
response through digital technologies. While significantly improving production efficiency and quality "long-termism and product leadership," staying true to our vision and founding purpose. "Ever-new"
control levels, we have significantly reduced the carbon footprint in the production process through embodies our tactical agility. By embracing change through technological innovation, digital
lean energy management and the deployment of an "energy and carbon management platform". We empowerment, and operational excellence, we ensure our products, services, and management models
firmly believe that only by deeply integrating green manufacturing and intelligent manufacturing can we evolve with the times, maintaining a vibrant and lasting competitive edge.
maintain our core competitiveness in the complex and changing market and truly achieve the symbiosis
Winner Group has always worked with our employees, partners and consumers to translate the ESG
of business value and environmental value.
concept into real actions and jointly create a healthier, greener and more beautiful future!
Accelerate Employee Growth: Investing in Talent Yields the Highest Returns
On the journey towards "Centennial Visionary Winner", employees are our most precious wealth. We
adhere to the “Four Highs” talent concept. Through a hierarchical training system, we build a dual-
channel career development space for employees that combines management and professionalism.
We are committed to creating a diverse, equal, and inclusive working environment. In 2025, the
proportion of our female employees and management continued to lead the industry. We hope that
Winner Group is not only a workplace but also a warm community.
Winner Medical Co., Ltd.
About This Report
This is the sixth environmental, social and governance (ESG) report of Winner Medical Co., Ltd.. Guided by the principles of completeness, balance, comparability, accuracy, timeliness, clarity, and reliability,
this report focuses on disclosing the management practices and performance of Winner Medical Co., Ltd. in the area of sustainability.
Reporting Scope Reporting Time Span Confirmation and Approval
"Winner Medical Co., Ltd.", including its subsidiaries and joint This report is prepared on an annual basis, and the time span is This report has been approved by the Board of Directors on
ventures, is the reporting entity. The reporting scope is from January 1, 2025 to December 31, 2025. To enhance the April 20, 2026 after being confirmed by the management.
consistent with the Company's annual report unless otherwise comparability and completeness of the report, certain sections
stated. If this report contains separate explanations regarding have been extended to include data from previous years.
the scope of certain information, those explanations shall prevail.
Abbreviations Basis of Preparation Report Access
For better expression and readability, the entities involved in the
This report is prepared in accordance with the Self-Regulatory This report is published in both Chinese and English. An
report are referred to by their abbreviations.
Guidelines No. 17 for Companies Listed on Shenzhen Stock electronic version of the report is available for download on our
Exchange—Sustainability Report (For Trial Implementation), official website (www.winnermedical.cn). In the event of any
Abbreviations Explanations Self-Regulatory Guidelines No. 3 for Companies Listed on discrepancy between the Chinese and English versions, the
“Winner Group”, “the Winner Medical Co., Ltd. Shenzhen Stock Exchange—Sustainability Reporting Preparation Chinese version shall prevail.
Company”, or “we”
of Shenzhen Stock Exchange. It also refers to the following
“Winner Medical” the Company's operations in the medical If you have any question about or comment on this Report,
sector, which includes both serious medical standards and guidelines: GRI Sustainability Reporting Standards
please send an e-mail to investor@winnermedical.com or call
care and consumer healthcare businesses (GRI Standards), The United Nations Sustainable Development
“Purcotton” Shenzhen Purcotton Technology Co., Ltd.
Goals (UN SDGs), IFRS S2 Climate-related Disclosures.
“Huanggang Winner” Winner Medical (Huanggang) Co. Ltd.
“Jingmen Winner” Jingmen Winner Medical Textile Co., Ltd.
“Jiayu Winner” Winner Medical (Jiayu) Co. Ltd.
“Wuhan Winner” Winner Medical (Wuhan) Co. Ltd.
“Chongyang Winner” Winner Medical (Chongyang) Co. Ltd. Data Sources and Reliability
“Tianmen Winner” Winner Medical (Tianmen) Co., Ltd.
“Shenzhen Winner” Winner Medical Co., Ltd. Shenzhen Branch
“Guilin Latex” Winner (Guilin) Latex Products Co., Ltd.
The data and cases used in this report come from the official
“Winner Pingan” Winner Pingan Medical (Hunan) Co., Ltd. company documents, statistical reports and annual financial
“Longterm Medical” Zhejiang Longterm Medical Technology statements. The Company assures that the report is free of false
Co., Ltd. records and misleading statements. It is liable for the
“GRI” Global Resources International, Inc. authenticity, accuracy, and completeness of the content.
Winner Medical Co., Ltd.
About Us
Company Profile
Winner Group, founded in 1991, was listed on the Shenzhen Stock Exchange in September 2020 (300888.SZ). Today, the Company operates as a holistic health enterprise, synergistically converging medical
innovation and consumer wellness ecosystems. Guided by the vision of "Caring health, cherishing life, and protecting the environment for a better world". Winner Group operates two major brands,
“Winner Medical” and “Purcotton”, with product offerings spanning wound care, infection prevention, surgical consumables, personal care, home care, maternal and infant care, home textiles, and
apparel. The Company has consistently adhered to the core business principle of “Quality over the profit, Brand over the speed, Social value over the corporate value.” Guided by a development strategy
centered on “Product Leadership, Operational Excellence, Brand Advancement, Digital & Intelligent Empowerment”, we remain committed to advancing our medical and consumer divisions in tandem,
expanding our presence in both domestic and international markets, fostering the coordinated development of online and offline channels, and upholding a philosophy of altruism and long-termism. We
are dedicated to providing global users with safe, high-quality, cost-effective products and services that deliver an exceptional user experience.
After more than 30 years of development, Winner Medical has built a whole industry chain covering raw material procurement, core material R&D, product manufacturing, and end-point sales. Through
continuous R&D and product upgrades, the Company’s product portfolio has been progressively optimized, including traditional wound care and bandages, advanced wound dressings, surgical
consumables, infection prevention products, and health & personal care items. With production facilities across China, the United States, Vietnam, and the Dominican Republic, etc., we serve global markets
through OEM, ODM, and proprietary brands, reaching customers in over 110 countries and regions.
In 2009, the Company innovatively applied the rigorous standards of its medical background to the production of consumer goods made from pure cotton and launched the Purcotton brand. We
introduced over a dozen new product categories such as cotton tissues, pure cotton top-sheet sanitary pads, and cotton top-sheet baby diapers. At present, Purcotton operates hundreds of branded
stores in more than 100 cities across China, supported by an omnichannel sales network that spans major e-commerce platforms, social commerce, and leading national supermarket chains.
Winner Medical Co., Ltd.
Corporate Vision
Caring health, Cherishing life, and Protecting the Environment for A Better World
Brand Concept
Focusing on both endogenous growth and external expansion, we Upholding the vision that "Purcotton Changes the World", we focus
continue to develop one-stop solutions for medical consumables. on 100% cotton and unlock its full potential to develop the high
standard with the best quality of cotton products.
Product Leadership Operational Excellence Brand Advancement Digital & Intelligent Empowerment
• Commit to innovation in basic materials, • Optimize basic operation management • Commit to returning to value for • Fully upgrade intelligent manufacturing,
and follow the "246+6" innovation across all channels, stay close to the sustainable growth. quality control, financial management,
framework to increase investment in front lines, take a proactive approach, and digital frameworks to cultivate AI-
• Elevate the brand by storytelling around
Strategic R&D and equipment; strengthen user and address efficiency issues through integrated talent and refine talent
products, continuously interpreting
Direction insights; enhance product innovation scale growth.
brand concepts and values, and
hierarchies and organizational
capabilities; and build differentiated structures.
• Foster open collaboration and deepen strengthening the management of
competitive barriers.
strategic partnerships with distributors, brand uniformity, consistency, and
• Prioritize core strategic products, franchisees, suppliers, etc., while continuity.
ensuring a leading market share for enhancing management systems and
strategic categories while driving standards.
growth in segmented categories.
• Purcotton products maintain a minimum
cotton content of 95%.
Core Business
Quality over the Profit, Brand over the Speed, Social Value over the Corporate Value.
Principles
Brand Ethics Integrity in Operation; Respect for Consumers; Fair Competition; Social Responsibility; Intellectual Property Rights; Continuous Improvement.
Winner Medical Co., Ltd.
Product Categories
Traditional Wound Care and Bandaging Dry and Wet Cotton Tissues
Medical Cotton, Gauze, Bandage Cotton Tissues, Dry Wipes, etc.
Sanitary Napkins
Advanced Wound Dressings Sanitary Napkins, Overnight Pads, etc.
Silicone Dressings, Alginate Dressings Super-
absorbent Dressings, etc. Other Non-woven Products
Face Masks, Cotton Pads, Diapers, Disposable
Underwear, etc.
Operating Room Consumables
Surgical Gloves, Surgical Packs, Surgical Gowns, Winner
etc. Medical Winner Group Purcotton Baby and Child Apparel
and Products
Baby and Children’s Sleepwear, Outerwear,
Infection Prevention Underwear, Bath Towels, Handkerchiefs, Swaddles,
etc.
Face Masks, Protective Clothing, Isolation Gowns,
Gloves, Shoe Covers, Caps, etc.
Adult Apparel
Adult Sleepwear, Outerwear, Underwear, Socks,
etc.
Health & Personal Care
Other Woven Products
Oral & Nasal Care, Medical-aesthetic Personal Care,
Nursing Aids, etc. Bedding, Bath Products, etc.
Winner Medical Co., Ltd.
Awards and Ratings
Purcotton is recognized with the title of Winner Medical received the “2025 Best
“Continuous Innovation Award – Top 10 Textile Winner Medical is a signatory member of the Sustainability Practice Case Study of Listed
Innovation Products” by the China Textile United Nations Global Compact (UNGC) Companies” by China Association for Public
Information Center and Textile Products Companies.
Development Center.
Winner Medical has been recognized with the
Winner Medical has been recognized with the “Best Practice in Investor Relations
Winner Medical received the “2025 Best
“2025 Best Practice Case of Listed Company Management of Listed Companies” award by
Practice Case of Listed Companies Board of
Board Office” award by the China the China Association for Public Companies
Directors” by China Association for Public
Association for Public Companies for four for three consecutive years after going
Companies.
consecutive years after going public. public.
Jingmen Winner has earned a Gold Medal, a Winner Medical was recognized in the “List of
recognition awarded to the Top 5% of Health Industry Brands in 2025” at the 17 “A” rating in the Wind ESG
companies assessed by EcoVadis. CPEO, wining the “CPEO” Gold Award.
Chongyang Winner received a Silver Medal
by EcoVadis.
Sustainable Development
Management
Winner Group has always taken the integrated and symbiotic development of corporate value and social value as its development goal and regarded
promoting the sustainable development of the industry as its responsibility, deepening its commitment to corporate sustainable development practices.
The company continuously improves its sustainable development management system, promotes the infusion of the ESG principles into all stages of the
value chain, strengthens its sustainable development capabilities and business resilience, and consolidates the foundation for the Company's long-term
value creation.
Chapter Contents
• Sustainable Development Governance Structure
• Sustainable Development Strategy
• Stakeholder Engagement
• Materiality Assessment
SDGs Addressed in This Chapter
Winner Medical Co., Ltd.
Sustainable Development Management
Winner Group has established sustainable development as a core long-term strategic priority, underpinned by a robust top-level ESG governance framework. The Board of Directors serves as the ultimate decision-making authority,
overseeing and guiding all sustainability-related initiatives to ensure alignment with the Company’s overall strategy. Directors actively exercise their supervisory role while continuously enhancing their ESG expertise, risk management
awareness, and knowledge of industry best practices to strengthen sustainability oversight and execution.
Sustainable Development Governance Structure Responsible for making decisions on significant
The Board of Directors ESG-related matters and reviewing the
In 2025, the Company formally established the Strategy and Sustainable Development Committee, Company’s annual ESG Report.
which convened two meetings to oversee the formulation and implementation of the Company's
sustainability goals and to review its ESG performance and progress.
Tasked with researching and formulating the
The Sustainable Development Leadership Group was also formed, comprising senior management Company’s ESG strategy and policies, as well as
responsible for setting ESG strategy and targets, coordinating ESG initiatives, and regularly reporting to overseeing, inspecting, evaluating, and
Strategy and Sustainable
the Strategy and Sustainable Development Committee. Under this Leadership group, six specialized providing recommendations on the Company’s
Development Committee
sustainability performance. The Strategy and
task forces were formed to integrate sustainability across the value chain: Medical Sustainable Products,
Sustainable Development Committee reports to
Purcotton Sustainable Products, Environment & Dual Carbon Goals, Supply Chain, Employees, and and is accountable to the Board of Directors.
Corporate Governance.
To drive performance and ensure goal attainment, ESG-related metrics—including R&D innovation, Responsible for formulating the Company’s
product quality, environmental protection, climate risk management, employee development, legal Sustainable Development ESG strategic plans and objectives, while
compliance, and information security—were incorporated into the executive compensation system. Leadership Group coordinating and driving the implementation
of ESG management initiatives.
Using strategic management tools, the Company’s ESG objectives are cascaded from senior leadership
to functional departments, ensuring alignment across management levels and establishing a top-down
accountability framework. Simultaneously, bottom-up progress reporting requires regular review of ESG
project implementation and target completion.
During the reporting year, the Company developed and publicly released the Sustainable Development Environment
Supply Chain Task Established six dedicated ESG task forces:
Management Policy, clarifying governance principles and implementation strategies for its sustainability & Dual Carbon Goals Environment & Dual Carbon Goals,
Force
efforts. Task Force Supply Chain, Employees, Medical
Sustainable Products, Purcotton
Sustainable Products, and Corporate
Medical Sustainable Governance. Headed by members of the
Employees Task Force
Products Task Force Sustainable Development Leadership
Group, these task forces are responsible
for formulating and executing ESG
management objectives and
Purcotton Sustainable Corporate Governance
implementation plans, reporting their
Products Task Force Task Force
progress regularly to the Leadership
Group.
Winner Medical Co., Ltd.
Sustainable Development Strategy
Guided by our corporate vision, “Caring health, cherishing life, and protecting the environment for a better world,” and our core ESG philosophy centered on “Lead the way to healthy living and thrive with
nature,” Winner Group leverages its core businesses to drive sustainability impact. The Company empowers industry advancement through innovative green technology and safeguards public well-being
with high-quality products built on the rigorous standards of its medical background. Centered on its five strategic pillars— “Well-grounded Governance, Elevate Product Excellence, Love Our Planet,
Accelerate Employee Growth, Drive Community Thriving”—the Company steadily charts its sustainability course. Focused on key material topics, we diligently advance the implementation of various ESG
initiatives, actively responds to the United Nations Sustainable Development Goals (SDGs) pertinent to our business, and takes concrete actions to foster the shared prosperity of the business, society, and
the environment.
Corporate Vision:
Caring health, cherishing life, and protecting the environment for a better world
ESG Philosophy: Lead the way to healthy living and thrive with nature
Well-grounded Governance Elevate Product Excellence Love Our Planet Accelerate Employee Growth Drive Community Thriving
Continuously improve corporate Focus on both Medical Integrate environmental Adhere to an open and inclusive Prioritize social value, integrate
governance, strengthen consumables and Consumer protection into the full value talent strategy, build a people- professional capabilities with
compliance and risk control, goods sectors, drive innovation chain, build an eco-friendly oriented development platform, public needs, and systematically
build a sound data security to build a green supply chain, enterprise, and promote and grow together with fulfill corporate social
system, and support high- and deliver high-quality, healthy harmonious coexistence employees. responsibility.
quality development with high- and eco-friendly products to between humans and nature.
standard governance. the public.
• Corporate • Anti- • Innovation • Chemical Safety • Climate Change • Environmental • Talent Acquisition and Retention • Social Contribution
Governance Commercial Response Compliance
• Product and Service • Supply Chain • Occupational Health and Safety • Medical Accessibility
Bribery and Management
• Investor Rights Safety and Quality Security • Green
Anti-
Protection Manufacturing • Water Resource • Labor and Human Rights • Rural Revitalization
Corruption • Sustainable • Ethics of Science
Management
• Anti-Unfair Products and Technology • Pollutant • Employee Welfare
• Data Security
Competition and Customer Emission Control • Ecosystem and
• Sustainable • Equal Treatment of • Diversity, Equity and Inclusion
Privacy Biodiversity
• Due Diligence Packaging Small and Medium- • Waste Utilization
Protection sized Enterprises
• Medical Accessibility • Energy Utilization
• Stakeholder
Engagement • Responsible • Circular Economy
Marketing
Winner Medical Co., Ltd.
“
Well-
grounded At this pivotal moment of industry transformation, we remain guided by our founding principle that ‘Social Value over the
Governance Corporate Value,’ deeply embedding ESG considerations into strategic decision-making, internal control management, and all
operational processes. High-quality corporate governance enhances the Company's resilience throughout economic cycles,
while substantive social value initiatives solidify the bedrock of brand trust. We build our foundation on responsibility and our
brand with human-centric care, transforming ESG from a strategic concept into daily practices ingrained in our corporate
value.
Chief Financial Officer
and Head of the Corporate Governance Task Force
Fang Xiuyuan
ESG Highlights for 2025
Board Structure Anti-Bribery and Anti-Corruption Data Security and Customer Privacy Protection
Coverage rate of anti-bribery and anti-corruption Obtained
training for employees ISO 27001 Certification and ISO 27701
Diversity Independence
Issued Issued
Conduct and Privacy Protection Management
And Policy
Female Male Non- Independent
Director Director independent Director
Director
Winner Group Supplier Code of
Conduct
Winner Medical Co., Ltd.
Elevate
Product
“
Excellence
Winner Medical——ESG Highlights for 2025
Winner Medical consistently upholds product quality and safety as its fundamental principle. Focusing
Officially launched the "Green
Operating on the needs of medical professionals and patients as well as clinical practices, the Company
Rotating CEO of the
collaborates with multiple stakeholders from industry, academia, research, and medicine to deepen
Room" solution to support green operation of innovation and R&D in medical consumables and jointly advance industry progress. This year, we Medical Sector
hospital operating rooms. launched the comprehensive ‘Green Operating Room’ solution to drive a ‘green transformation’ within
and Head of the Medical
the industry. By substituting chemical fibers with pure cotton core materials and introducing innovative
Sustainable Products Task
Winner Medical's cotton inner-layer mask obtained products such as pure cotton spunlace nonwoven fabric disposable surgical packs and pure cotton
surgical gowns, the Company reduces infection control risks and enhances medical efficiency, while
Force
Product Carbon Footprint Certification,
“
fulfilling its environmental responsibilities and caring for the comfort of medical staff. We continuously Yan Xia
redefining the new benchmark for masks. expand medical service channels and use innovation to improve healthcare accessibility, extending the
benefits of green healthcare to more lives and demonstrating the Company’s ESG value.
Purcotton——ESG Highlights for 2025
Senior Vice
Purcotton always adheres to the original intention of 'focus on 100% cotton and unlock its full potential
President of
to develop the high standard with the best quality of cotton products'. The Company promotes the ten
benefits of cotton in improving lives and the ecology, persists in product and technological innovation
Purcotton Successfully developed 4
high-performance
in pure cotton technology, and maximizes the value of cotton. By empowering products with innovative and Head of the 100% cotton-filled core materials.
pure cotton technology and promoting cotton cultivation that transforms saline-alkali land into oasis, Purcotton
Independently developed the "Additive-Free
Self-
the Company practices ecological responsibility through sustainable products. It works to realize the Sustainable
vision of ‘Purcotton Changes the World’ making every consumption a green act that protects the
Products Task
ecology and creates social value. This is not only a pursuit of a natural and comfortable lifestyle but
Force
Softening" technology, which maximizes the
“
also the practice of the Company’s social responsibilities. retention of cotton's natural properties and improves
Liao Meizhen softness by 55%.
Sustainable Supply Chain——ESG Highlights for 2025
Building on cotton and advancing toward a greener future, Winner Group leads supply chain Senior Director
Issued the Supplier Code of Conduct management with the ESG concept and firmly practices the path of sustainable development. We of the Purcotton
strengthen the foundation of sustainable cotton raw materials, promote suppliers to implement ESG Supply Chain
codes of conduct, drive the green upgrade of products with high-standard quality and sustainable
certification, steadily increase the proportion of environmentally friendly packaging materials, and and Head of the
continuously strengthen the capacity building of the green supply chain team. We deeply integrate Supply Chain
annual ESG assessments. system, empower the co-prosperity of the industrial ecosystem, and help the Company achieve
high-quality and long-term development. Zhang Jiefei
Winner Medical Co., Ltd.
“
Love Our
Planet Winner Medical takes "cotton" as the core to build a symbiotic ecosystem of green intelligent manufacturing and a resilient supply chain. We are
redefining our commitment to ESG and sustainable development, shifting the paradigm from compliance to leadership. We are well-aware that
as a leader in the medical and health industry, every meter of gauze, every surgical gown, every surgical pack, and every piece of high-end
medical dressing we produce not only carries the promise of protecting life but also the responsibility for the planet. Across our production,
manufacturing, and supply systems, we have established a clear three-year dual-carbon (carbon peaking and carbon neutrality) roadmap. This is
not only an energy revolution but also a deep-level evolution in efficiency and synergy. We will progressively implement energy structure
transformation, key process innovation, digital energy management system (EMS) and intelligent production scheduling, green packaging
focused on plastic reduction and waste reduction, a green logistics network, and a supplier carbon management empowerment program.
Through the dual drivers of green intelligent manufacturing and a green supply chain ecosystem, we will make "Winner Green" the most enduring
hallmark of Winner Medical.
Vice President of Winner Medical
and Head of the Environment & Dual Carbon Goals
Task Force
Wu Kezhen
ESG Highlights for 2025
Green Manufacturing Energy Utilization
Issued the Coverage of ISO 14001 Certification among Coverage of ISO 50001 Certification among Company-owned Production Bases
Company-owned Production Bases
Winner Group Environmental Policy
Wuhan Winner, Tianmen Winner, and Chongyang Total Volume of Recycled Water Used
Winner were awarded the Consumption of Renewable Electricity (Including Green Electricity Certificates)
National-level Green Factory certification 39,750 MWh
Jingmen Winner and Jiayu Winner were awarded the Investment in energy conservation and Clean Energy Consumption
environmental protection amounted to
Provincial-level Green Factory certification 173,469.6 MWh
RMB 15.73 million
Winner Medical Co., Ltd.
“
Accelerate
Employee
We firmly believe that "people-oriented and helping all employees shine" is the solid foundation for the
Growth enterprise to face the future. At Winner Group, we regard talent investment as a long-term strategy. By
building a systematic talent cultivation system and a diverse and inclusive working environment, we help
every employee grow and gain respect while creating value. We look forward to upholding the belief of
"working together to create a future" with all employees and jointly moving towards a more responsible and
ESG Highlights for 2025 resilient tomorrow.
Chief Operation Officer
Employee Training Employee Rights Health and
and Head of the Employee Task Force
and Development Protection Safety
Gu Jinshan
Coverage of Employee Issued the ISO 45001 Certification
Training: Coverage of Own
Winner Group Production Bases:
Policy
Drive
“
Community
Thriving
We operationalize our commitment to responsibility through concrete actions in disaster relief, accessible
ESG Highlights for 2025 healthcare, and support for women and children, thereby deepening our engagement in social
responsibility. Each act of public welfare and every commitment to social well-being serves as an internal
engine that drives the continuous creation of shared social value, and stands as the most tangible
expression of our identity as a responsible enterprise.
Community Medical Care for Women
Engagement Accessibility and Children
Total charitable Winner Medical's The "Nice Princess?Beauty for
donations (including cash products cover Her" public welfare initiative by Chief Financial Officer
and in-kind supplies) : Purcotton provides and Head of the Corporate Governance
Over RMB 12 million developed regions1 357,000 pieces of free
across the country. feminine hygiene pads for Fang Xiuyuan
emergency menstrual needs.
Winner Medical Co., Ltd.
Sustainable Development Strategic Goals and Progress
As a signatory member of the United Nations Global Compact (UNGC), the Company actively upholds its commitments, aligns its operations with the United Nations Sustainable Development Goals (SDGs),
and while pursuing economic benefits, attaches great importance to the needs of society, the environment, and stakeholders, deeply embedding sustainability into its overall corporate strategy. Through
the strategic management mechanism, the Company has achieved al synergy between the SDGs and its core business. This reporting year, to put sustainability into practice, the Company has formulated
its ESG strategic goals for the next three years (2025–2027). These goals are structured around the five strategic pillars of "Well-grounded Governance, Elevate Product Excellence, Love Our Planet,
Accelerate Employee Growth, and Drive Community Thriving," dynamically responding to industry trends, regulatory requirements, and stakeholder expectations in light of its own development context.
The Company will conduct an annual review of these goals, assessing both their implementation progress and their comprehensiveness and forward-looking nature, and will spare no effort in translating
our sustainability commitments into tangible actions.
ESG Strategic Pillars ESG Strategic Goals Progress in 2025 SDGs Addressed
? Continuously improve and strengthen the compliance and risk ? Established and refined the three lines of defense in enterprise risk
management systems management
Well-grounded
Governance
? By 2027, maintain the proportion of female directors at over 30% ? The proportion of female directors is 42.9%
? By 2027, maintain the ISO 27001 Information Security Management
? Obtained the ISO 27001 Information Security Management System
Certification and the ISO 27701 Privacy Information Management System
System Certification
Certification
? By 2027, revenue from sustainable products2 will account for over 50%
? Winner Group’s sustainable products already contribute over 51% of total
revenue
? Purcotton continuously ensures that the proportion of natural cotton ? Purcotton has achieved a sourcing rate of over 95% natural cotton fibers
fibers in its products is not less than 95% as raw materials
Elevate Product ? By 2027, 100% of key Tier-1, Tier-2, and strategic suppliers will ? 20% of key Tier-1, Tier-2, and strategic suppliers completed annual ESG
Excellence undergo annual ESG assessments assessments
? By 2027, 100% of the Company's own production bases will maintain
? 100% of the Company's own production bases have obtained the ISO
robust quality management system and hold relevant certifications,
including ISO 9001 Quality Management System certification and ISO
Device Quality Management System Certification
Certification, Intertek Green Leaf Mark, etc.). Currently, we are actively working to refine the sustainable product evaluation system to ensure that Winner Group's assessment criteria are more scientific and quantifiable.
Winner Medical Co., Ltd.
ESG Strategic Pillars ESG Strategic Goals Progress in 2025 SDGs Addressed
? By 2027, 100% of the Company's own production bases will be ? 87.5% of the Company's own production bases have obtained ISO 14001
certified to the ISO 14001 Environmental Management System Environmental Management System certification
? By 2027, over 85% of the Company's own production bases will be ? 75% of the Company's own production bases have obtained ISO 50001
certified to the ISO 50001 Energy Management System Energy Management System certification.
? 62.5% of the Company's own production bases have obtained
National/Provincial/Municipal Green Factory certification
Love Our Planet ? By 2027, 62.5% of the Company's own production bases will obtain ? Wuhan Winner, Tianmen Winner, and Chongyang Winner were
National/Provincial/Municipal Green Factory certification certified as "National-level Green Factories"
? Jingmen Winner and Jiayu Winner were certified as "Provincial-level
Green Factories"
? By 2027, Winner Medical will reduce the weight proportion of plastic
packaging by 7.6% compared to 2024; for paper-based packaging, ? In 2025, paper-based packaging accounted for 80% of the packaging
the proportion with FSC (Forest Stewardship Council) certification will materials used for finished goods across Winner Group
increase to over 50%.
? Winner Medical was recognized as a “2025 Youth-Friendly Employer
Brand” by Ciwei
? By 2030, obtain certification as a “Best Employer” from an ? Purcotton was recognized as a “2025 Most Influential Employer” by
authoritative institution. Haitou.com
? Purcotton was recognized as a “2025 Best Employer” by CTG (China
Accelerate Employee Talent Group)
Growth ? By 2027, vigorously cultivate "Four-High" talents, develop higher-
? The average training hours per employee reached 19.24 hours,
quality courses, and increase the average training hours by 100%
compared to 2024 representing a 69% increase from the baseline year
? Continuously foster a diverse, equitable, and inclusive work ? Formulated and publicly released the Diversity, Equity, and Inclusion
environment (DEI) Policy.
? By 2027, 100% of the Company's own production bases will be
? 87.5% of the Company's own production bases have obtained the ISO
certified to the ISO 45001 Occupational Health and Safety
Management System 45001 Occupational Health and Safety Management System Certification
? Environmental Public Welfare: Continuously protect nature through
green actions
? Acessible Healthcare: Safeguard public health and extend the ? The Winner Group has donated over RMB 12 million in charitable funds
benefits of inclusive medical public welfare activities to millions of
and in-kind supplies, of which material donations for grassroots medical
families.
Drive Community initiatives exceeded RMB 850,000 in value.
Thriving
? The "Nice Princess?Nice for Her" public welfare initiative by Purcotton
? Women & Children Care: Jointly build care initiatives for women and
provides 357,000 pieces free feminine hygiene pads for emergency
children, leveraging the Company's own products
menstrual needs.
Winner Medical Co., Ltd.
Stakeholder Engagement
The Company places high importance on communication and collaboration with stakeholders. To address their core concerns, it has established diverse and efficient communication channels, ensuring
stakeholders have continuous access to timely and accurate information and fostering regular and transparent dialogue. Furthermore, the Company integrates stakeholder feedback into its strategic
planning and daily operations, periodically reviewing the materiality of relevant issues to its business and development. This open and transparent communication drives synergistic growth for both the
Company and its stakeholders.
Key Shareholders and Government and Communities, the
Stakeholders Customers/Consumers Employees Suppliers
senior management regulatory agencies public and the media
• Corporate governance • Product and service • Talent acquisition and • Corporate governance • Anti-unfair competition • Social contributions
• Stakeholder engagement safety and quality retention • Anti-bribery and anti- • Supply chain security • Rural revitalization
• Protection of investor • Innovation-driven • Employee rights and corruption • Equal treatment of small • Ecosystem and
rights development welfare • Equal treatment of small and medium-sized biodiversity
• Anti-bribery and anti- • Sustainable products • Employee training and and medium-sized enterprises • Medical accessibility
corruption • Sustainable packaging development enterprises • Innovation-driven • Responsible marketing
• Due diligence • Chemical management • Occupational health and • Environmental development
safety compliance • Product and service
• Responsible marketing management safety and quality
Topics of • Medical accessibility • Waste management
Concerns • Data security and • Pollutant emissions
customer privacy
protection • Water resource
management
• Circular economy
• Anti-unfair competition
• Rural revitalization
• Innovation-driven
development
• Technology ethics
• General meeting of • On-site communication • Employee activities • Regular communication • Industry conferences • Community volunteer
shareholders • Market research • Employee training and reporting and training activities
• Board of directors • Customer satisfaction • Corporate intranet • Institutional research • Strategic cooperation • Social welfare projects
Communication
and Response • Financial reports surveys • Employee handbook • Policy implementation • Exchanges and visits • Social cause support
• Business reports • Information disclosure projects
• Roadshows and investor
communications
Winner Medical Co., Ltd.
Materiality Assessment
Materiality assessment serves as the cornerstone for the Company to identify and evaluate ESG risks, impacts, and opportunities, scientifically formulate ESG strategy, and advance its sustainable
development work. In light of its strategic planning and business context, and with reference to domestic and international sustainability standards such as the Shenzhen Stock Exchange (SZSE) Self-
regulatory Guidelines for Listed Companies No. 17 — Sustainability Report (Trial) and the GRI Standards, the Company conducts preliminary identification and screening of ESG topics. This is followed by a
materiality assessment and analysis conducted from the dual perspectives of impact materiality and financial materiality.
Double Materiality Assessment Process
Step 1 Topic Identification Step 2 Topic Materiality Assessment
• Comprehensively consider factors such as the Company's own business activities, value • Impact materiality assessment:
chain relationships, and ESG-related standards, and understand the demands of key
The Company evaluates the impact materiality of each topic from the two dimensions—
stakeholders to identify potential materiality issues and establish an initial materiality issue
"Severity of Impact" (considering scale, scope, and irremediability) and "Likelihood"—through
database;
stakeholder surveys and engagements with internal and external ESG experts, yielding the
• In strict adherence to the Shenzhen Stock Exchange (SZSE) Self-regulatory Guidelines for impact materiality assessment results.
Listed Companies No. 17 — Sustainability Report (Trial), and by fully integrating
• Financial materiality assessment:
perspectives from capital market ESG ratings and industry benchmark practices, we have
established Winner Group’s “1+N”3 Material Topics Framework. Through a combination of in-depth interviews and surveys with the senior management team,
we evaluate the financial materiality of each topic based on the "Scale of Financial Impact" and
the "Likelihood of Related Risks and Opportunities," supplemented by insights from experts, to
form the financial materiality assessment results.
Step 3 Double Materiality Assessment Analysis Step 4 Topic Validation and Reporting
• Based on the impact materiality and financial materiality assessment results from Step 2, we • The Company’s Board of Directors reviews and validates the dual materiality assessment
plot the 2025 Double Materiality Matrix. results to ensure the identified topics are closely aligned with the Company’s ESG
management practices.
• The material topics identified through this process for 2025 are prioritized for disclosure in
this annual ESG report.
initiatives, and material topics identified by peers.
Winner Medical Co., Ltd.
Double Materiality Assessment Results
The Company systematically sorts out the assessment results of impact materiality and financial materiality, completes the comprehensive analysis and priority ranking of materiality issues, and after being
reviewed by the Strategy and Sustainable Development Committee, is approved by the board of directors. Based on the assessment results, the Company optimizes the sustainable development strategy
and goal setting, and examines the management measures for major sustainable development impacts, risks and opportunities. At the same time, targeted information disclosure is implemented according
to the issue materiality to ensure accurate responses to the concerns of stakeholders.
This year, the Company identified three topics as being dual materiality: "Innovation," "Product & Service Safety and Quality," and "Climate Change Response." For financially material topics, the Company
discloses information in accordance with the Shenzhen Stock Exchange (SZSE) Self-regulatory Guidelines for Listed Companies No. 17 — Sustainability Report (Trial), focusing on four core areas:
governance, strategy, impact and risk & opportunity management, and metrics & targets.
Environmental Social Governance
Significant
Impact
Impact on Stakeholders (Impact Materiality)
corruption
Moderate
Impact
Environmental Compliance
Occupational Health and
Management Privacy Protection
Welfare
Minimal
Impact
Development
Significant Ethics of Science and
Minimal Impact Moderate Impact Impact 22
Technology
Financial Impact on Winner Group (Financial Materiality)
Environmental Social Governance 25 Chemical Management
Topics Topics Topics
Winner Medical Co., Ltd.
For the identified financially material topics “Innovation," "Product & Service Safety and Quality," and "Climate Change Response," the Company conducted a comprehensive and in-depth analysis of their
associated impacts, risks, and opportunities. This analysis evaluates the scale and scope of potential impacts and their likelihood, and is undertaken in light of industry trends, the Company's operational
context, and key stakeholder concerns.
Analysis of Impact Analysis of Risk and/or Opportunity
ESG topics Types of Risks Impact Cycle of
Impact Type Impact Description Impact Scope and/or Description of Risks and/or Opportunities Risk and/or
Opportunities Opportunity
? Through a forward-looking R&D strategy and
customer-centric innovation, the Company can
swiftly capture market trends. It continuously
? Through technological innovation and sustained investment
innovates in healthy, safe, eco-friendly, and
in R&D, the Company drives product upgrades and
sustainable products, amassing a robust research
systematically enhances product quality. This approach not
foundation and intellectual property portfolio,
only meets customers' high standards for safety, comfort, Upstream of the thereby building a solid competitive advantage.
Actual Positive sustainability, and quality but also actively shapes the future value chain Short-term
Impact direction of the industry. ? The ongoing pursuit of innovation also accelerates
Innovation Operations Opportunity strategic alignment and strengthens the ecosystem Medium-term
Potential Positive ? The Company proactively fosters an open innovation
of partnerships across the value chain, laying a
Impact ecosystem. By collaborating deeply with research institutions Downstream of the Long-term
value chain strong foundation for increasing the Company's
and industry chain partners, it integrates resources from
market share. In the process of continuous
multiple stakeholders, accelerates the commercialization of
innovation, the Company also accelerates the
R&D outcomes, and contributes to the industry's innovative
strategic synergy between the upstream and
advancement.
downstream and the construction of a partnership
ecosystem, laying a solid foundation for the
Company to increase its market share.
? The Company continuously drives product quality
? Safe and high-quality products and services form the improvements by adhering to the rigorous
cornerstone of the Company’s business development and are Upstream of the standards of its medical background, which
Actual Positive fundamental to securing long-term customer partnerships value chain enhances its industry competitiveness, fosters Short-term
Product & Service Safety Impact and building enduring consumer trust. Risk positive brand reputation, and serves as a key
Operations Medium-term
and Quality Potential ? Inadequate product safety, quality, or customer service Opportunity engine for business growth.
Negative Impact management systems could potentially lead to adverse Downstream of the ? Should a product quality incident occur, it could Long-term
incidents, harming the interests of stakeholders such as value chain damage brand reputation and consumer trust, lead
consumers and clients. to customer attrition, and have a material impact on
the Company’s revenue prospects.
? Extreme weather events could impact upstream cotton yields,
the stability and efficiency of the supply chain, operational ? The Company focuses on innovating sustainable
safety, and make the prediction of consumer demand for products, packaging, and raw materials, and
certain product categories (e.g., during periods of extreme continuously reduces its carbon footprint through
heat or cold) more difficult. These factors may increase the end-to-end green management practices. This
Company’s operational costs or affect sales and profitability. positions it to lead the low-carbon consumption
Upstream of the trend and capture opportunities in emerging green
Potential Positive ? Increasingly stringent carbon emission regulations are also value chain market segments.
Climate Change Impacts expected to raise environmental compliance costs and Risk Medium-term
Response Potential intensify overall operational pressures.
Operations
Opportunity
? Should the Company's efforts in responding to
Long-term
Downstream of the climate change lag behind or prove insufficient, it
Negative Impacts ? By proactively implementing climate mitigation and
value chain could face rising regulatory compliance costs,
adaptation measures, the Company not only demonstrates potential supply chain disruptions, customer
its commitment to environmental responsibility but also attrition, or a decline in investor confidence. These
enhances the green credentials of its products, stimulates factors could collectively harm the Company's brand
potential demand for low-carbon consumption, thereby reputation, market competitiveness, and long-term
strengthening its market competitiveness and positioning value creation.
itself at the forefront of growing green demand.
Well-grounded Governance
Standardized Governance and Responsible Operation to Achieve
Sustainable Growth
Governance is the foundation for an enterprise to achieve stable and long-term development, and it is also the core support for the company to fulfill
its social responsibilities. As a healthcare and wellness enterprise deeply involved in the medical and consumer fields and committed to coordinated
development, Winner Group continuously refines its governance structure, leverages the effectiveness of its specialized committees, strengthens audit
oversight and compliance and risk-control framework, fosters a culture of business ethics and integrity, and establishes robust data security and privacy
protection mechanisms. Upholding high standards of governance safeguards our long-term development and lays a solid foundation for the
Company's high-quality advancement.
Topics Addressed in This Chapter
• Corporate Governance
• Investor Rights Protection
• Anti-Bribery and Anti-Corruption
• Due Diligence
• Anti-Unfair Competition
• Data Security and Customer Privacy Protection
SDGs Addressed in This Chapter
Winner Medical Co., Ltd.
Improve Corporate Governance
Winner Group upholds the governance responsibilities of a listed company, guided by sustainable development, with enhanced corporate governance as the cornerstone of its ESG framework, integrated
throughout the enterprise's operations. The Company continuously refines its governance structure and optimizes its governance mechanisms. Focusing on building a high-quality Board of Directors (the
Board), it leverages the professional supervisory role of independent directors to safeguard the legitimate rights and interests of all shareholders, especially minority shareholders. Concurrently, the
Company adheres to the bottom line of compliance, strengthens end-to-end risk management and control, and has established an integrated governance system encompassing decision-making,
execution, and supervision. We embed ESG principles deeply into every facet of governance, balance the interests of stakeholders for synergistic development, and solidify the foundation for sustainable
growth through professional and standardized governance practices.
Standardize Corporate Governance
The Company continuously deepens governance practices, promotes directors and management to perform their duties diligently and in a standardized manner, and continuously improves governance
transparency and operational efficiency. We clarify rights and responsibilities and safeguard shareholders' rights and interests through a scientific and effective governance mechanism, and empower the
long-term healthy development of the enterprise through high - quality governance practices.
Corporate Governance Structure
As the Company's supreme authority, the General Shareholders' Meeting strictly complies with corporate
governance information disclosure regulations and standardizes meeting convening and holding
General Meeting of Shareholders
procedures. Its core functions include reviewing and approving the Company's business policies and
investment plans, electing and replacing non-employee representative directors, determining directors'
remuneration, reviewing and approving reports from the Board of Directors, the annual financial budget and
final accounts, and amendments to the Company's Articles of Association, thereby effectively safeguarding
the legitimate rights and interests of all shareholders, especially minority shareholders. Board of Directors
The Board of Directors fulfills its duties of loyalty and diligence to the General Shareholders' Meeting and
implements its resolutions. It serves as the core decision-making and supervisory body within the corporate
governance system. The Board is primarily responsible for determining the Company's business plans and
investment proposals, formulating fundamental management systems, and spearheading the enhancement
of internal control and risk management systems. To elevate decision-making professionalism, the Board Strategy and Remuneration
has established four specialized committees: the Strategy and Sustainable Development Committee, the Sustainable Nomination Audit and
Nomination Committee, the Audit Committee, and the Compensation and Appraisal Committee. All Development Committee Committee Assessment
committee members are Company directors and report to the Board. They provide professional support for Committee Committee
Board decisions through standardized operating procedures, ensuring compliance and efficiency. For further
information, please refer to the Articles of Association of Winner Medical Supplies Co., Ltd. and the Rules of
Procedure for the specialized committees in the Investor Relations section of the Company's official website
or on the exchange website.
Winner Medical Co., Ltd.
The Company has established and continuously improves communication mechanisms for Directors and
Composition of the Board of Directors senior management, including the regular submission of Compliance Monthly Reports. These reports cover
updates on securities regulatory policies, interpretations of new rules, and analysis of typical regulatory
penalty cases. This practice consistently reinforces the compliance awareness of Directors and senior
The Company has formulated and issued the Board Diversity Policy to ensure a balanced and diverse
management, elevates the standard of the Company's operations, and solidifies the foundation of corporate
composition of its Board in terms of gender, age, nationality, cultural background, ethnicity, professional
governance.
skills, and industry experience. Board members possess extensive experience in the healthcare and
consumer goods industries, alongside professional expertise in areas including operations management,
financial risk control, accounting and auditing, business administration, biomedical engineering, brand
marketing, and supply chain management. As of the end of the Reporting Period, the Board consists of
seven Directors: four Non-independent Directors and three Independent Directors. The proportion of
Independent Directors is 42.9%. There are three female Directors, representing 42.9% of the Board.
The diversified and professional composition of the Board of Directors ensures that the Company benefits
from multi-dimensional perspectives and expert judgment on critical issues such as strategic decision-
making, risk management, and sustainable development, thereby effectively supporting the Company's
sustainable and high-quality growth.
Independent Directors' On-site Visit to a Winner Production Facility
Effectiveness of the Board of Directors
In 2025, all Board meetings were duly convened and conducted, achieving a 100% average attendance rate.
The Board strictly complies with relevant corporate governance standards and the requirements of the All proposals were subject to thorough deliberation and informed decision-making, effectively safeguarding
Company's Articles of Association, efficiently fulfilling its roles in decision-making, supervision, and the legitimate rights and interests of the Company and all shareholders. Independent Directors consistently
guidance. Through a regular and systematic Board performance evaluation and support mechanism, the adhered to the principle of independence, with no instances of overboarding (none serving as an
Company continually enhances governance efficacy to ensure strategic execution and compliant Independent Director at more than three listed companies). They provided objective, professional opinions,
operations. thereby fully fulfilling their supervisory and balancing role.
The Company has institutionalized an annual self-assessment of independence and a performance review
for its Independent Directors. This mechanism, involving structured self-evaluation and formal reporting,
continuously strengthens the Board's independence and effectiveness. It is a key measure to ensure the
Board maintains robust supervisory and informed decision-making capabilities. Furthermore, the
Company provides regular professional training for all Directors, covering core areas such as compliance
management, risk control, market capitalization management, regulatory policies, and ESG governance.
This ongoing development continuously improves Directors' competency, ensuring the professionalism
and compliance of Board decisions.
In supporting the effective performance of the Board, the Company actively fosters an "open, transparent,
and effective" governance culture. For significant matters, the Securities Department has established pre-
meeting communication and review processes to ensure adequate information disclosure and thorough
preparation of agenda items. Additionally, the Company supports Independent Directors in gaining a
comprehensive understanding of the business, strategic context, and industry developments by inviting
them to participate in special briefings, on-site visits, industry exhibitions, and performance briefings. In Best Practice Case of the Board of
Best Practice Case of the Board
Secretary's Office of Listed
stores and invited them to key events such as strategy communication sessions, the Supply Chain Expo, Companies– Awarded by CALC for
Association of Listed Companies
the CMEF (China International Medical Equipment Fair), and performance briefings, enabling them to stay four consecutive years
(CALC)
fully informed of the Company's operations.
Winner Medical Co., Ltd.
Protection of Investors' Rights and Interests
The Company attaches high importance on communication and exchanges with investors and
Highlighted Performance
stakeholders. We actively engage through diverse channels including performance briefings,
analyst meetings, on-site visits, institutional reverse roadshows, the Interactive Platform, and an
In 2025
investor hotline. These efforts ensure broad outreach and facilitate comprehensive, transparent,
and in-depth dialogue with all investors. 130 times
Institutional communication activities over
Number of Large-scale public communication sessions: 8
In 2025, the Company continued to host its annual performance briefing in a video format,
which was publicly livestreamed. It also conducted a dedicated online briefing for retail
(minority) investors. During the year, the Company actively participated in the “2025 Online
Collective Investor Reception Day for Shenzhen-listed Companies,” engaging in candid and in- Number of Published brokerage research reports: 90
depth online dialogues with investors. Furthermore, dedicated staff are assigned to manage the
investor hotline and promptly respond to inquiries on the exchange's Interactive Platform, Participated in Brokerage Strategy Conferences 25 times
ensuring that investor feedback and suggestions are widely collected and addressed. Through
these initiatives, the Company effectively safeguards investors' right to information and Communicated with institutional investors (person-times) Nearly 1,940
participation, continuously strengthening long-term trust with its investor base.
Case Winner Medical and ESG Investors Discuss Sustainable Development
On October 23, 2025, the Company hosted a visit and engagement session for ESG
investors, organized by CITIC Securities. Participating institutions included Nanfang Fund,
Harvest Fund, and Invesco Great Wall Fund, among others. During the event, investors
toured the corporate exhibition hall, where the Company presented its ESG development
strategy and implementation progress in detail. The effectiveness of this work was
acknowledged by the investors, effectively enhancing the capital market's understanding
and appreciation of the Company's sustainable development practices.
Annual Performance Briefing Live Stream
Highlighted Performance
ESG investors Engagement Session
Number of online viewers for the annual performance briefing session live stream
Winner Medical Co., Ltd.
Case
Winner Medical's 5th Listing Anniversary – Anchoring ‘Brand Elevation Investor Returns
and Winner's Growth’ for a Brighter Future
The Company is committed to improving investors' “long-term sense of gain” and actively
From September 16 to 17, 2025, the Winner Group successfully held a series of events in enhancing investor returns. We have consistently paid annual cash dividends since our listing,
Wuhan to commemorate its fifth listing anniversary. Participating guests took part in and our dividend payout ratio has increased progressively each year. To date, cumulative cash
factory tours and interactive sessions, gaining firsthand insight into the Company's dividends amount to RMB 3.049 billion, including the proposed distribution for 2025. Combined
stringent quality controls and the robust, technology-driven engine behind its product with share repurchases totaling RMB 695 million, these shareholder returns represent 105.21%
advancements. During the conference, management reported that all raised capital had of the net proceeds from our initial public offering.
been deployed as planned, with all six funded projects successfully completed. These
projects are primarily focused on supporting technological innovation and product Highlighted Performance
upgrades, laying a solid foundation for high-quality development. Standing at this new
five-year milestone, Winner Medical, firmly aligned with national strategic priorities, is Cumulative Since Listing
rooted in China with global aspirations. It is committed to becoming a byword for quality
among global peers and a trusted benchmark brand for consumers, poised to write a new Cash Dividends Share Repurchase Amount
chapter of growth on the journey ahead.
RMB 3.049 billion RMB 695 million
Compliance Information Disclosure
The company strictly follows the securities laws and regulations such as the Company Law of
the People's Republic of China and the Measures for the Administration of Information
Disclosure of Listed Companies, fulfilling its statutory information disclosure obligations. We
Factory Tour During the 5th Listing Anniversary Event
continuously refine our information disclosure framework, proactively address the concerns of
regulators, investors, and the media from an external perspective, and consistently improve the
quality of disclosure with a core focus on efficiency and transparency. These efforts are
dedicated to building our reputation as a compliant, professional, and responsible listed
company in the capital market.
Information Disclosure Evaluation by
the Shenzhen Stock Exchange:
Rated 'A' for four consecutive years
ESG Strategy Launch Event
Winner Medical Co., Ltd.
Legal and Compliant Operations
Guided by sustainable development, the Company continuously enhances its risk governance framework. We have established a clear, multi-tiered, and comprehensive risk management structure with
well-defined responsibilities, incorporating the "Three Lines of Defense" model. ESG-related risks are fully integrated into the overall risk management system to ensure alignment with corporate strategy,
business operations, and sustainable development goals.
Strengthen Risk Management
Winner Group continuously strengthens risk controls by revising and improving relevant policy Risk criteria are incorporated throughout the product and service development lifecycle. Risk
documents, such as the Comprehensive Risk Management System and the Risk Management assessment checkpoints are established during new product initiation, design review, and pre-
and Disposal Mechanism. launch phases. The Company's Risk Control Department collaborates with R&D, Quality, Legal,
Winner Group has established a four-tier risk management system covering the decision- and other units to systematically identify and assess product safety and environmental risks,
making, supervisory, coordinated execution, and operational execution levels, ensuring clear ensuring compliance with regulations and internal control standards from the design stage.
accountability, effective coordination, and closed-loop control. The Board of Directors, as the Based on Winner Group's 2025 business dynamics, we have identified the following two
supreme decision-making body, reviews risk management policies and major issues, oversees company-specific risks requiring priority attention.
significant risks, and fosters a risk-aware culture. The Audit Committee serves as the
independent supervisory layer, overseeing and reviewing risks and internal controls. The
Internal Control Management Committees at the corporate, business unit, and subsidiary levels
act as the coordinated execution layer, leading the development of the comprehensive risk Global Supply Chain Security Risk
management and internal control systems. All functional departments and subsidiaries form the
Risk Category Operational Risk
operational execution layer, embedding risk management requirements into daily business
Shifts in the global trade landscape and geopolitical tensions are persistently
processes.
undermining economic cooperation among major economies, creating
The Company's risk management process spans the entire business chain, encompassing risk multifaceted challenges for our procurement of raw and auxiliary materials.
identification, assessment, response strategy development, control implementation, and Geopolitical volatility and commodity price fluctuations drive up sourcing costs,
Business Impact while the supply of critical materials faces uncertainty. This necessitates
monitoring/improvement, forming a complete closed loop. An annual comprehensive risk
dynamic adjustments to our "procurement strategy," "safety stock levels," and
assessment is conducted where personnel at all levels systematically evaluate the likelihood,
"supply base footprint." Furthermore, the trend toward supply chain
potential impact, and internal control effectiveness for various risks. The Company's Risk regionalization increases the complexity and resource requirements for building
Control Department audit team independently audits and evaluates the effectiveness of the risk a diversified supplier base.
management system annually, reporting findings directly to the Audit Committee. This end-to-
• Diversified Sourcing Strategy: Expand channels for key raw and auxiliary
end, systematic approach enables the Company to effectively manage operational risks, materials, increase development of local suppliers, shorten procurement
providing a solid foundation for strategy execution and sustainable operation. lead times, and enhance supply chain resilience and responsiveness.
Risk management performance is integrated into the organizational performance appraisal • Strategic Partnerships: Proactively establish long-term collaborative
Response Measures
system. Led by the Internal Control Management Committee, annual evaluations of risk frameworks with key upstream suppliers to secure premium resources and
management practices are conducted for headquarters functions and subsidiaries, with results achieve mutual benefit.
directly linked to compensation, ensuring accountability and reinforcing the incentive • Enhanced Traceability: Implement a full lifecycle traceability system for
mechanism. critical raw materials to ensure quality control and source verification.
Winner Medical Co., Ltd.
Emerging Risks
This year, the Company has identified and is actively monitoring the following two emerging risks. We have conducted close analysis and implemented responsive measures to enhance our capabilities
in risk mitigation and opportunity management.
Artificial Intelligence (AI) Compliance Application Risk Population Aging Risk
Risk Category Compliance Risk Strategic Risk
Operating across both the healthcare and consumer goods sectors, the Company is integrating AI The accelerated aging of China's population, coupled with a sustained low birth
technology into various business scenarios. These include supporting sales decision-making in medical rate, poses a risk of market contraction for the Purcotton business's maternal and
services and enabling personalized recommendations for the Purcotton business, media content creation, infant product lines. Concurrently, while the medical sector stands to benefit from
Risk Description
customer feedback analysis, and intelligent customer service. The compliant application of AI has been increased healthcare demand due to aging, it also faces pricing pressures stemming
identified as a key emerging risk, driven by rapid domestic technological evolution and frequently from healthcare insurance cost containment policies and Volume-Based
updated regulations, with core concerns focusing on user privacy protection and algorithmic fairness. Procurement (VBP) schemes.
Improper application of AI technology could lead to customer privacy breaches, resulting in regulatory The consumer goods sector faces a growth ceiling for maternal and infant product
Potential Impacts penalties and damage to brand reputation. demand. The medical sector's profitability could be squeezed if it fails to promptly
adapt its medical consumables portfolio to the evolving policy landscape.
• Strengthen Governance Framework: Establish a dedicated compliance management system for AI • Consumer Goods Portfolio Diversification: Increase focus on and investment in
applications, clarifying authorities, responsibilities, and control standards to ensure disciplined categories for older children and adults to diversify the product mix and unlock
technology deployment. new growth. This includes expanding other consumer lines (e.g., feminine
hygiene, apparel for older children and adults, light sportswear) and
• Enhance Data Security: Implement tiered encryption for customer privacy data, bolster security
introducing Silver Economy products such as adult incontinence care and
during transmission and storage, and advance user data anonymization practices to prevent leakage
personal care for the elderly.
Response Measures risks.
• Medical Product Portfolio Optimization: Deepen expertise and presence in
• Monitor Regulatory Developments: Continuously track updates in domestic AI governance policies
aging-beneficial medical categories, such as advanced wound dressings and
and promptly adjust internal compliance requirements and operational guidelines.
operating room consumables, while strengthening penetration in hospital
• Conduct Compliance Training: Deliver specialized training on privacy protection in AI applications channels.
for technology and business teams, elevating organization-wide compliance awareness.
Risk-Aware Culture Construction
The Company emphasizes fostering a sound risk management culture as an integral part of our corporate culture. We instill sound risk management principles, enhance employees' legal and regulatory
awareness through training, and continuously strengthen organization-wide risk consciousness to support the achievement of our comprehensive risk management objectives.
To further embed risk management principles into daily operations, the Company promotes risk awareness through multiple channels and organizes regular, specialized training sessions. These sessions
provide systematic education on risk management frameworks, compliance requirements, and business-specific risks, while also bolstering practical risk management skills. Furthermore, we
systematically analyze typical internal and external risk management cases to reinforce the understanding across all staff that "risks are ever-present," thereby continuously elevating the organization's
overall risk management competency.
Winner Medical Co., Ltd.
Compliance Operation Management Intellectual Property Management
Winner Group operates under the principle that compliance and sustainable growth go hand in Winner Group places high importance on intellectual property (IP) protection. We strictly
hand. We continuously strengthen our compliance framework, having established a multi- comply with laws and regulations including the Patent Law of the People's Republic of China,
dimensional compliance management system that covers all business scenarios. This system the Copyright Law of the People's Republic of China, and the Trademark Law of the People's
focuses on four key areas: business compliance, supply chain compliance, advertising Republic of China. Internally, we have established and implemented policies such as the
compliance, and content compliance, ensuring the overall compliance and sustainability of our Intellectual Property Management System and the IP Maintenance and Management
operations. Procedures, continuously refining our IP management principles and processes. The Company
has established a top-down intellectual property management framework, overseen by the
• Strengthen compliance • Implement a full lifecycle Corporate Risk Control and Compliance Department. This framework provides centralized
oversight for privileged supplier management
system administrators and system, covering the guidance, supervision, and review of IP-related activities within the R&D Center and other
define corresponding system entire process from relevant departments, enhancing both the systematic governance and overall effectiveness of
compliance objectives. onboarding and our IP management.
performance evaluation to
Diversified offboarding, to ensure
ongoing compliance.
Compliance Highlighted Performance
Management
• Establish comprehensive • Standardize the workflow
brand content guidelines for advertising material During the Reporting Period
that encompass social value, handoffs to guarantee the
brand value, and content accuracy and effectiveness the Company submitted Obtained Owned
quality, supported by a of all final advertising
robust
comprising
review
an
process
internal
content.
preliminary review followed applications authorizations patents
by a tripartite final approval
(involving the Brand, Legal,
and Quality departments).
Concurrently, the Company has implemented a full-lifecycle contract management system, The Company continuously conducts multi-level, systematic IP awareness and training
achieving digital and standardized oversight from execution through fulfillment. This system programs for employees. In 2025, focusing on practical frontline R&D needs, we organized
not only effectively mitigates legal and contractual risks but also ensures that key contractual training sessions such as "Comprehensive Guide to Patent Practice" and "Patent Infringement
commitments—related to anti-corruption, environmental responsibility, data security, and Analysis." The curriculum covered topics including assessing patentability criteria, designing for
more—are upheld throughout the business lifecycle. This lays a solid foundation for building technical differentiation, and identifying and mitigating infringement risks. These initiatives have
transparent and mutually trustworthy partnerships across our supply chain. not only strengthened R&D personnel's awareness of strategic IP positioning from the
innovation outset but have also deeply embedded IP management into the R&D lifecycle. This
Additionally, the Company has built a comprehensive Intellectual Property (IP) management lays a solid foundation of talent and capability for high-quality patent output, technical risk
system covering patents, trademarks, copyrights, and trade secrets. Internally, through robust prevention, and preparedness for potential disputes.
IP strategy and enforcement mechanisms, we protect R&D innovations and incentivize
technology development aligned with sustainability goals. Externally, we strictly adhere to IP
laws and regulations, conducting Freedom-to-Operate (FTO) analyses during product
development and technology procurement to preclude infringement of others' IP rights. This
fosters a business environment that respects innovation and operates with integrity.
Winner Medical Co., Ltd.
Upholding Business Ethics
Winner Group strictly adheres to relevant laws, regulations, and industry standards, such as the Anti-Monopoly Law of the People's Republic of China, the Anti-Money Laundering Law of the People's
Republic of China, and the Interim Provisions on the Prohibition of Commercial Bribery. We uphold professional ethics of integrity, honesty, objectivity, fairness, and dedication, operating on the principles
of voluntariness, fairness, equivalent exchange, and good faith. Social and business ethics are deeply integrated into all aspects of our operations, internalized as values and externalized in conduct.
The Company regards integrity and compliance as vital to its survival and growth. Adhering to our core business philosophy of "Customer Success, Honesty and Trustworthiness," we maintain a zero-
tolerance policy towards corruption and rigorously investigate all instances of fraud and misconduct. For key business areas such as production, procurement, marketing, and distribution, we enforce
stringent compliance controls, actively combating violations like cross-regional sales diversion (gray marketing), price fraud, and unfair competition. This safeguards fair market order and protects
consumers' legitimate rights, contributing to a transparent business environment and a healthy industry ecosystem.
Business ethics and integrity management are fundamental to building long-term, trust-based relationships with all stakeholders. To continuously enhance compliance efficacy and ensure detailed
implementation, the Company systematically conducts business ethics risk identification and assessment, formulating targeted compliance strategies based on the findings. In 2025, we further
strengthened our compliance framework by developing and publicly issuing the Winner Group Employee Code of Conduct and the Winner Group Supplier Code of Conduct, providing a solid institutional
foundation for standardized business ethics and compliance management.
This year, Winner Group had no confirmed cases of corruption, bribery, fraud, money laundering, conflict of interest, unfair competition, or related violations.
Anti-Bribery and Anti-Corruption
The Audit Committee, operating under the Company's Board of Directors and primarily composed of Independent
Directors, holds responsibility for overseeing the Company's overall anti-corruption and anti-bribery framework. Anti-Corruption Risk Assessment
From an independent standpoint, the Committee supervises the appropriateness and effectiveness of the Company's
ethics and compliance programs and continuously evaluates and manages integrity and compliance-related risks. The Company employs a "Three Lines of Defense" model for anti-corruption
The Supervision Team within the Company's Risk Control Department functions as an independent unit, conducting risk assessment. Business units, as the first line, conduct self-assessments and
autonomous oversight and anti-fraud investigations. It carries out the full spectrum of anti-fraud duties, including corrective actions. Functional departments serve as the second line, performing
complaint intake, inspections, and case inquiries. Its responsibilities also encompass establishing and enhancing the specialized supervision and compliance reviews. The Risk Control and Internal
business ethics and compliance monitoring system, conducting fraud risk identification and violation handling, and Audit function forms the independent third line, evaluating the effectiveness of
continuously refining the integrity risk prevention and control framework. policies. This model covers both major business segments, with a particular
focus on high-risk areas such as procurement and supplier onboarding.
The Company has established robust internal governance documents, including the Winner Group Code of Red Lines,
the Winner Group Violations and Disciplinary Actions Management Procedures, the Winner Group Conflict of Interest In 2025, utilizing a "Fraud Risk Heat Map" tool, the Company conducted
Management Policy, and the Winner Group Employee Code of Business and Ethical Conduct. These explicitly prohibit targeted corruption risk assessments in core operational areas including
violations such as bribery, illicit kickbacks, and improper giving or receiving of business gifts, providing employees procurement, production, and sales. Collaboration between the IT department
and management with clear standards for acceptable behavior, detailed approval procedures, and operational and business units led to optimized processes with embedded compliance
guidance. In 2025, the Company integrated anti-corruption and compliance management into its comprehensively checkpoints, enabling dynamic risk monitoring through information systems.
upgraded ESG strategic framework. With the goal of "building robust systems to prevent, deter, and discourage This continuously elevates the precision and intelligence of our risk assessment
corruption," we are constructing a long-term anti-corruption governance mechanism by strengthening our and further strengthens the anti-corruption risk control system.
institutional framework, enhancing oversight mechanisms, and intensifying awareness and education.
Winner Medical Co., Ltd.
Anti-Bribery and Anti-Corruption Training
Highlighted Achievements
The Company communicates its anti-bribery and anti-corruption requirements to all global partners and employees through
Signing rate of the " Employee Integrity and Self-Discipline
specialized training programs, ensuring a deep understanding of relevant compliance standards. "Integrity and Compliance" is a
Pledget" at the headquarters of Winner Group
mandatory module for all new hires. Furthermore, through diverse channels including in-person sessions, e-learning courses,
official social media communications, and email bulletins, the Company disseminates in-depth knowledge on anti-bribery and anti-
corruption to all staff, continually reinforcing the foundations of a compliance and business ethics culture. In 2025, the Company 100%
achieved 100% sign-off by headquarters staff on the Employee Integrity and Self-Discipline Pledge and maintained 100% training
Coverage rate of employee Anti-Bribery & Anti-Corruption
coverage on anti-bribery and anti-corruption for all employees.
Training
The Company has established clear standards for handling employee violations. Any employee found in violation of applicable laws,
regulations, or internal policies will face disciplinary action commensurate with the severity of the offense, up to and including 100%
termination. Cases involving suspected criminal activity will be referred to judicial authorities.
Supply Chain Integrity Management
This year, the Company developed and issued the Winner Group Supplier Code of Conduct, which clearly outlines our expectations and requirements regarding business ethics for suppliers, covering
standards on anticorruption, antibribery, and fair competition. Furthermore, the Company actively promotes the signing of the Integrity Commitment Agreement with partners, achieving 1,039
signatories during the reporting period.
While strengthening external compliance requirements, the Company also focuses on building internal procurement integrity capabilities. Specialized anticorruption training is conducted for personnel in
high-risk roles such as procurement, ensuring full coverage. We also extend policy communication and audit oversight to all major operational locations, ensuring robust control over key supply chain
links.
Winner Group deeply embeds the principles of integrity and compliance into every stage of production and operations, as well as all aspects of supply chain collaboration. The Company maintains
publicly accessible reporting channels for external stakeholders, encouraging the reporting and feedback of corruption, commercial bribery, and other improper practices, thereby continuously fostering
a clean and transparent business environment.
Dealer and Third-Party Management Bulk Procurement and Supply Chain Management Procurement Staff Management
The Company has established rigorous dealer compliance For bulk raw material procurement, the Company employs The Company enforces a periodic job rotation system for
vetting procedures and a "blacklist" mechanism, enforcing open tendering and competitive bidding mechanisms to procurement staff to strengthen oversight and checks on
joint penalties against entities engaged in bribery and non- ensure a transparent, fair, and compliant process. For key positions. This helps prevent integrity risks associated
compliant dealers. All dealers are required to sign the engineering procurement projects, we assign professional with long-term fixed relationships with specific suppliers,
Integrity and Compliance Pledge and participate in regular supervisors and implement an independent internal pre- ensuring stable raw material quality and controlled
compliance training to mitigate third-party commercial and post-project cost review process to enhance full procurement costs from the outset.
bribery risks. lifecycle cost control and quality supervision.
Winner Medical Co., Ltd.
Anti-Unfair Competition Investigation Process of Reported Incidents
Intake & Investigation & Review & Approval
The Company strictly adheres to relevant laws and regulations, including the Anti-Unfair Registration Verification of Findings
Competition Law of the People's Republic of China and the Anti-Monopoly Law of the People's
Republic of China. We have established and continuously improve a comprehensive fair Mechanism
Remediation & Tiered Disposition &
competition compliance framework covering areas such as prevention of false advertising, Enhancement &
Feedback Loop Follow-up Action
control of monopolistic practices, and protection of trade secrets. By requiring suppliers to sign
the Compliance Statement on Business Conduct Standards, the Company prohibits external
suppliers from engaging in activities that violate fair competition laws, thereby upholding
Whistleblower Protection
market order and a fair competitive environment.
To further enhance our fair competition compliance awareness and capabilities, the Company The Company enforces strict confidentiality regarding whistleblower identities and submitted
joined the Shenzhen Enterprise Competition Compliance Alliance during the reporting year. materials throughout the process. Breaches of confidentiality are met with severe disciplinary
Guided by the Implementation Guidelines for Building a Fair Competition Compliance System for action, and any form of retaliation is strictly prohibited to effectively safeguard
Shenzhen Enterprises, we actively advance our internal compliance management, committed to whistleblowers' legitimate rights and interests. Specific protection measures, including
creating a fair and transparent market environment. By establishing a robust competition designated case management and dedicated reward channels, are implemented for
compliance system, the Company proactively mitigates reputational and legal risks associated whistleblowers who report using their real identities. Concurrently, the Company provides
with unfair competition, ensuring all externally disclosed and product-related information is rewards to partners who proactively report issues and cooperate with investigations, in
accurate and reliable. accordance with established policies. For partners found to have issues but who cooperate
with investigations or provide significant leads on misconduct, leniency, mitigation, or
As of the end of the Reporting Period, the Company has not been involved in any litigation or
exemption from liability may be granted as per applicable laws and regulations.
subject to any significant administrative penalties arising from unfair competition practices.
Reporting Channels
Reporting Mechanism
Whistleblowers can report through the following channels:
The Company encourages suppliers, partners, and employees to participate in its integrity Reporting
Landline: 0755 - 28018166
oversight system by actively reporting incidents of corruption, fraud, or violations. Internal Hotline
policies, including the Winner Group Whistleblower Protection and Reward Policy and the
Reporting
Winner Group Oversight Management Procedures, clearly define the scope for reporting, jubao@winnermedical.com
Email
requirements, protections and incentives for whistleblowers, as well as the investigation process
for reported incidents. Reporting Address: Winner Medical Supervision, 43/F, Headquarters Building, HBC Huilong
by Mail Center, Intersection of Mintang Road and Yulong Road, Longhua District, Shenzhen
The Company provides multiple reporting channels, including dedicated telephone lines, email,
and WeChat, allowing all employees and external stakeholders to report concerns anonymously. Online Feishu Service Account "Winner Supervision," Enterprise WeChat Official Account "
The dedicated Oversight Department centrally manages all reports and tips. Assigned personnel Reporting Winner Supervision"
are responsible for logging, triaging, tracking, and overseeing reported matters to ensure
The Company conducts specialized anti-bribery and anti-corruption training for all
prompt handling. Based on investigation findings, the severity of cases is determined and
employees, which includes a dedicated module on the use of reporting channels. This
appropriate actions are taken. The department conducts independent investigations into fraud,
module systematically explains the available avenues, procedural norms, and key
corruption, and other misconduct, ensuring the oversight mechanism operates in a
considerations to ensure employees are proficient in all reporting methods and operational
standardized, efficient, and transparent manner.
requirements.
Winner Medical Co., Ltd.
Information Security and Privacy Protection
In advancing its digital transformation, Winner Group places paramount importance on information security, consistently viewing data security as a core foundational pillar for business development.
Confronting the emerging risks and challenges of digitization, the Company adheres to pragmatic and prudent principles. We continuously enhance our information security management system,
strengthen data security controls, and bolster employee awareness and capabilities in risk identification and prevention through regular training, thereby solidifying our information security defenses.
Information Security Governance Framework
Winner Group strictly complies with the laws and regulations of all countries and regions in which it operates, including the Cybersecurity Law of the People's Republic of China, the Data Security Law of
the People's Republic of China, the Personal Information Protection Law of the People's Republic of China, the Administrative Measures for Classified Protection of Information Security, and the European
Union's General Data Protection Regulation (GDPR). Guided by the ISO/IEC 27001 Information Security Management System standard, we have established and continue to improve robust information
security and data protection policies. In 2025, the Company formulated and publicly issued the Winner Group Information Security and Privacy Protection Management Policy, establishing a comprehensive
information security management framework that covers the entire data lifecycle. Furthermore, the Company extends information security and privacy protection requirements to its supply chain by
incorporating them into the Supplier Code of Conduct. Supplier onboarding assessments and ongoing supervision are conducted through information security questionnaires, confidentiality agreements,
and specialized Data Processing Agreements (DPAs). Additionally, the Company performs regular due diligence and supervisory evaluations of suppliers to ensure the effectiveness of their security
measures and to mitigate supply chain information security risks.
Information Security Organization Structure
The Company has established a three-tier information security and privacy management architecture, comprising the strategic decision-making, operational management, and business execution layers.
The Board of Directors The Information Security and Privacy The Information Security and Privacy Information Security and Privacy Execution
Decision-Making Committee Management Organization Organization
Comprising the Chairman, Chief Financial Officer Set up a dedicated Management Team, operated Comprises the heads of all business units,
Strategy and Sustainable Development
(CFO), Chief Operating Officer (COO), Executive by the IT Operations Service Department of the functional departments, and subsidiaries. These
Committee
Vice President, and Chief Information Officer Company's Digital Operations Center, and an Audit individuals serve as the primary persons
(CIO)—serves as the supreme decision-making Team, operated by the Legal & Compliance Group accountable for security and privacy within their
Sustainable Development Leadership body. It is responsible for approving information of the Company's Risk Control Department, have respective areas. Their responsibilities include
Group security strategy, resource allocation, and major been established. The Management Team is driving the implementation of corporate policies,
initiatives, and for overseeing the operation of the responsible for formulating strategies, conducting risk self-assessments, coordinating
Information Security Management entire management system. Mandated by the implementing projects, managing security incident response efforts, and organizing internal
Committee Committee, the Chief Information Officer (CIO) incidents, and organizing training. The Audit Team awareness initiatives. To ensure tasks are carried
holds overall responsibility for the day-to-day tracks regulatory updates, conducts compliance out effectively, each department appoints a
• Review system performance management of information security, personal data assessments, maintains privacy policies, and assists Designated Information Security Liaison, who is
reports protection, and data security. with internal audits. Together, they ensure the responsible for the specific coordination and
• Approve major initiatives effectiveness and compliance of the management execution of all relevant activities.
• Oversee system operations system.
Winner Medical Co., Ltd.
Information Security Management Process
Information Security Technological Safeguards Information Security Risk Control
The Company has established a multi-layered, defense-in- The Company has implemented a comprehensive information security risk management and control mechanism covering the
depth technical framework encompassing foundational entire "prevention, response, and verification" lifecycle. Through systematic risk assessment, efficient emergency response, and
protection, data security, and granular access controls to stringent audit oversight—fully aligned with the ISO/IEC 27001 standard—we ensure the effective operation of our
safeguard information assets. management system.
? Comprehensive risk assessments are conducted semi-annually across the entire data lifecycle (collection,
Foundational Protection storage, and transmission) to proactively identify and address potential vulnerabilities. This process is
integrated with privacy impact assessments to ensure complete coverage of personal information security
A robust technical defense is maintained through the deployment of risks.
security devices, including firewalls and Intrusion Risk ? Regular, enterprise-wide information security risk reviews and vulnerability analyses are performed. These
Detection/Prevention Systems (IDS/IPS). This creates protective layers
Identification activities follow a defined schedule and employ a hybrid methodology combining automated scanning
covering the network perimeter, internal systems, and data tools and manual verification, covering business systems, network infrastructure, endpoint devices, and
and
repositories. A disciplined regime for the regular updating and databases. For core business systems, additional penetration testing and vulnerability scanning are
hardening of these security assets is in place to effectively mitigate Assessment mandated prior to launch.
external threats. ? A structured risk rating and classification framework is in place. Identified risks and vulnerabilities are
Data Security systematically assessed, categorized, and documented in dedicated risk and vulnerability registers. This
prioritization provides a clear, actionable basis for subsequent risk mitigation and control activities.
Core and sensitive data receive comprehensive, full lifecycle
protection. Encryption is applied to data both in transit and at rest. In
non-essential business scenarios, data masking techniques are ? A proactive information security risk early-warning mechanism is in place, leveraging real-time monitoring
employed on sensitive information. Furthermore, standardized
Security Early
of network traffic, system performance, and data access patterns to detect potential threat indicators and
strategies for data backup and disaster recovery are developed and Warning and
provide advance alerts of emerging risks.
enforced, with regular drills conducted to ensure business continuity. Emergency
Response ? Standardized handling procedures and contingency plans have been established for risks across various
Access Control
types and severity levels. Emergency response activities are coordinated by the Information Security and
Stringent access control is enforced based on verified identity and Privacy Incident Leadership Team to manage unforeseen security events.
explicitly granted permissions. System access is governed by rigorous
full lifecycle account management. Permission assignments strictly For the high-risk scenario of data leakage, the Company has established a dedicated emergency response process:
adhere to the principle of least privilege and are subject to regular
audit. A tiered authorization model is implemented for data access, Event Monitoring and Reporting Emergency Response and Review
with comprehensive logging and auditing of all activities involving
sensitive data to ensure complete operational traceability.
The technical protection system enables real-time monitoring for For confirmed breaches, the Company strictly activates emergency
data leakage. Upon detection of a suspected breach, relevant measures per the response plan to contain the incident and minimize
personnel must immediately report via the designated channel damage. Post-response, the process is documented and reviewed to
In 2025, the Company completed an upgrade of its remote work
(Reporting Email: privacy@winnermedical.com). The Information optimize future plans and protective measures. Reporting to
security architecture, transitioning from SSLVPN to a "Zero Trust" Security and Privacy Management Organization then swiftly regulatory authorities is conducted as required by law. If notification
model. This identity-centric approach redefines the access verifies the incident to determine its severity and scope of to affected individuals is necessary, it will be carried out through
perimeter, significantly enhancing our information security impact. appropriate channels.
posture for mobile work and cloud-based operations.
Winner Medical Co., Ltd.
Information Security Risk Control
Purcotton Data Management
Capability Maturity Model
• Audits are conducted at least annually, comprising both an external Level 3 Certification
Audit assessment by an independent third-party professional firm and an internal
Supervision detailed review. This dual verification process ensures that information
and System
security policies and protective measures are implemented effectively and
Verification Winner Medical Multi-Level
comply with international standards, such as ISO/IEC 27001, as well as
applicable laws and regulations across all global operating locations. Protection Scheme for Cybersecurity
Level 3 Certification
Building on this established control framework, the Company undertook several targeted initiatives in 2025 to
further strengthen information security management, achieving the following key milestones:
Proactive Defense System Validation Industry Recognition
The Company engaged independent The Company commissioned a The Company achieved DCMM (Data
third-party security specialists to professional third-party firm to Management Capability Maturity
perform penetration testing and conduct an information security audit Model) Level 3 certification, reflecting
simulated attacks on its proprietary covering its core business systems an advanced domestic standard for
systems. This "offense-to-enhance- and data processing activities. The data governance. It also successfully
defense" approach proactively audit confirmed no material security completed the annual review for
uncovers and remediates potential risks. Additionally, the Company Level 3 of the Multi-Level Protection
security vulnerabilities, driving a successfully passed its annual Scheme for Cybersecurity,
strategic evolution of security surveillance audits for the ISO 27001 demonstrating its sustained
ISO 27001 Certification
capabilities from passive compliance Information Security Management commitment to high standards in
towards active defense. System and the ISO 27701 Privacy technical protection and
Information Management System, standardized management of
affirming the ongoing conformity and information systems.
effective operation of these
management systems against
international standards.
During the Reporting Period, the information security risk management system of Winner Group operated
effectively. With no major information security incidents, data security breaches, or customer privacy leaks
occurring, the Company safeguarded the orderly progression of production and business operations, as well as
the security of user data. ISO 27701 Certification
Winner Medical Co., Ltd.
Information Security and Privacy Awareness & Training
To fortify our information security defenses, reinforce organization-wide compliance awareness, and solidify the foundation for privacy protection, Winner Group systematically delivers multi-layered, specialized training on
information security and privacy, integrating compliance requirements and security principles into all business operations. We also promote awareness of personal information protection through various channels, including internal
knowledge-sharing platforms and in-person sessions, to drive heightened awareness and practices regarding customer privacy protection across business units.
Information Security Awareness Information Security Awareness Information Security Awareness
Case Case Case
Training for All Employees Training for New Employees Training for IT Staff
All employees complete information security and cybersecurity Information security awareness training is a mandatory Technical staff in IT operations, research and development, and
awareness training delivered through an integrated model of live component of onboarding for all new employees, achieving 100% platform management roles participate in specialized, cohort-
online instruction, on-demand course modules, and online coverage across roles. The program outlines fundamental security based information security training, ensuring comprehensive
assessments. The curriculum covers key areas including principles, essential policies, safe practices for workplace devices, coverage of critical technical positions. The curriculum addresses
information security policies, workplace device and network protection of sensitive information, secure email and network risks specific to technical functions, covering network security,
protocols, prevention of sensitive data leakage, phishing email usage, and proper management of removable media. Scenario- secure configuration of servers and endpoints, data classification
identification, and secure handling of removable media. Training based learning highlights common risks faced by new hires, and anonymization, vulnerability scanning and incident response,
incorporates practical demonstrations based on real-world clearly defining role-specific security responsibilities and least-privilege access control, and malware defense. Sessions
internal and external case studies. prohibited actions. include detailed analysis of relevant industry incidents and
internal risk scenarios.
Personal Information and Customer Privacy Protection
Winner Group recognizes the critical importance of personal information and is committed to establishing a robust personal privacy governance framework, diligently fulfilling its responsibility to protect customer privacy throughout
all business operations.
In compliance with legal and regulatory requirements, the Company has established a comprehensive Personal Information Protection Management System. A dedicated Information Security and Privacy Management Organization is
responsible for overseeing and handling all related matters. We have fully integrated information security and privacy protection requirements into our employee management practices, making them a core component of
performance evaluations. For employees who violate relevant policies, a tiered disciplinary mechanism is in place. Per the Winner Group Regulations on Violations and Disciplinary Actions, corresponding measures—ranging from email
notifications and formal warnings to demerits and, in severe cases, termination—are applied based on the severity of the breach. Should an employee's conduct be suspected of violating the law, the Company will initiate a rapid
response mechanism to pursue legal liability and seek recovery for any related losses through appropriate legal channels.
In 2025, the Company formally published the Winner Group Privacy Policy on its official website, ensuring all stakeholders can clearly understand our principles and practices regarding personal information protection. Concurrently,
we established an Operational Manual and Process for Responding to Data Subject Rights Requests and designated a dedicated email address (privacy@winnermedical.com) to receive and manage such inquiries. To govern our
international operations, we have also issued documents such as the Overseas Website Privacy Policy. For all business activities, as well as R&D and testing phases that involve user personal information, the Company rigorously
conducts Privacy Impact Assessments (PIAs) and regular audits. We continuously employ technical safeguards such as encryption and data masking to strengthen the management and security of user privacy.
Elevate Product Excellence
Building core competitiveness through leading sustainable products,
and practicing healthy and eco-friendly lifestyles.
Winner Group adheres to the core business principle of "Quality over the Profit, Brand over the Speed, Social value over the Corporate Value".
Operating at the intersection of healthcare and consumer goods, the Company drives product iteration and service enhancement through innovation,
fostering a green, resilient, and sustainable supply chain. We are dedicated to making premium, healthy, and eco-friendly products accessible to
households, safeguarding public health, and providing comprehensive, reliable wellness solutions.
Key ESG Topics Addressed in This Chapter
• Innovation
• Product and Service Safety and Quality
• Sustainable Products
• Sustainable Packaging
• Medical Accessibility
• Responsible Marketing
• Chemical Safety
• Supply Chain Safety
• Ethics of Science and Technology
• Equal Treatment of Small and Medium-Sized
Enterprises
SDGs Addressed in This Chapter
Winner Medical Co., Ltd.
Focus on Innovation-Driven Strategy
Development The Company consistently anchors its operations to the core strategy of “Product Leadership”.
Grounded in fundamental material innovation, it deeply implements the “246+6” Innovation Rule
Winner Group consistently places R&D and innovation at the strategic core of its development. and has established a dual-engine R&D framework driven by both market demand and first
By establishing a robust innovation and R&D system and deepening industry-academia- principles. Through systematic, in-depth research, scientific problem-solving, and the
research collaboration mechanisms, the Company accelerates the efficient translation of integration of continuously increasing R&D and advanced equipment investments with multi-
scientific and technological achievements into market value, continuously builds core dimensional innovation mechanisms and user insights, the Company continually explores
competitiveness, and actively leads the industry’s high-quality development. growth opportunities. This approach comprehensively enhances its technological breakthrough
and value innovation capabilities, thereby building a differentiated and sustainable competitive
Governance moat.
The Strategy and Sustainable Development Committee under the Board of Directors serves as 2 Major Pathways
the highest oversight body for product innovation and R&D, responsible for supervising
innovation and R&D objectives. The Company’s Innovation and R&D Center comprises the
Originating from market needs Based on fundamental principles
Innovation Institute, the Winner Medical R&D Center, and the Purcotton R&D Center, forming an
integrated R&D system spanning basic research, medical products, and daily consumer goods.
Specifically, the Innovation Research Institute focuses on exploring cutting-edge foundational
materials and core technologies, dedicated to long-term technological reserves and
breakthrough innovation. The Winner Medical R&D Center specializes in the development of 4 Major Models
medical products and materials, underpinning the Company’s professional expertise in the
healthcare sector. The Purcotton R&D Center focuses on innovation in natural cotton-based Demand-pushed innovation Innovation for a better life
daily consumer goods and related materials.
Innovation for social responsibility Innovation for cost reduction
Winner Group's Innovation and R&D Center
Winner Medical R&D Purcotton Practicality Solving pain points
Innovation Institute
Center R&D Center
Enhanced customer experience Bridging market gaps
R&D of cutting-edge basic R&D of daily-use
R&D of medical products
materials and emerging consumer goods & Creating new opportunities Anticipating needs
& materials
technologies cotton-based materials
Winner Medical Co., Ltd.
Impact, Risk and Opportunity Management
the Company strictly adheres to compliance requirements throughout the research and development process. We have established an R&D management system covering the entire lifecycle from demand
analysis to product launch, formulated institutional documents such as the New Product Development Process, and deployed the Siemens PLM product development management system. This enables
holistic product lifecycle management, with clearly defined objectives and standards at each stage. The Company systematically accelerates the pace of product innovation, expedites the translation of
innovation into market-ready outcomes, effectively meets customer needs, and continuously strengthens its core competitiveness.
Innovation R&D System
Innovation R&D Platform
The Company actively collaborates with domestic and international scientific research institutions, hospitals, and universities to establish and develop diversified technological innovation platforms. This
strategy effectively integrates resources, stimulates innovation synergy, and accelerates the commercialization of R&D achievements.
Innovation and
R&D Platforms
Winner Medical R&D Platform Purcotton R&D Platform
R&D Laboratory Industry-Academia- Clinical trial bases Analytical & Testing Technology Innovation Industry-Academia-
Research Hubs Centers Center Research Hubs
• Guangdong Provincial • Wound Care Training
Engineering Research • Joint Lab for Advanced Base • Lab accredited by the • Guangdong Functional • Purcotton and the State
Center for Wound Wound Dressing China National Cotton Products Key Laboratory of Crop
Repair Materials Innovation Accreditation Service Engineering Genetic Improvement of
for Conformity Technology Research Huazhong Agricultural
• Shenzhen High-end
Assessment Center University jointly
Medical Dressing Pilot
• Health Sleep Products established the Cotton
Base
Industry Technology Research Institute
Innovation Center
Winner Medical Co., Ltd.
R&D Team Capability Innovation R&D Incentives
Winner Group prioritizes the capability building of its R&D talent pool to enhance both As a crucial initiative for innovation-driven growth and talent development, the Company
innovation efficiency and R&D quality. In recent years, the Company’s R&D investment has has established and refined its intellectual property incentive system. This includes
seen sustained growth, accompanied by a continuous expansion of its R&D talent team. In formulating and implementing policies such as the Intellectual Property Management
Policy. By combining material rewards with non-material recognition, the Company closely
comprised 1,323 professionals.
links innovation outcomes with personal achievement, effectively stimulating the
Concurrently, the Company organizes annual training programs for its R&D team, covering innovation drive of the R&D team and continuously strengthening the Company’s core
areas such as R&D project management, R&D quality management, product process competitiveness.
knowledge, and the latest industry policies and regulations. These initiatives are designed
to tangibly improve the professional skills and standardized operational proficiency of R&D
personnel in their daily work. • Innovation Awards at the Group Innovation Conference
“In-depth Training Series on R&D Professional Expertise” • Patent Awards (including base awards and bonuses for
Case
Initiative to Enhance R&D Innovation Efficacy mass production of patents)
Types of R&D • Annual Departmental Performance Awards
In 2025, to continuously elevate the professional technical capabilities of the R&D Incentives
team, reinforce R&D quality management awareness, and accelerate process • Outstanding Project Awards within Departments
innovation and technology accumulation, the Company systematically planned and
implemented the “In-depth Series on R&D Professional Expertise” training for all
personnel within its R&D centers. This training series focused on the frontier of textile
materials and processes, aiming to address critical technical challenges in practical Ethical Standards in R&D
R&D. It effectively transformed individual expertise into organizational assets,
thereby enhancing R&D efficiency, product innovation success rates, and quality
consistency. Winner Medical strictly adheres to the Regulations on the Administration of Laboratory
Animals and follows the 3Rs Principle for lab animals: Replacement, Reduction, and
Refinement. We are committed to respecting and treating laboratory animals humanely. By
reducing unnecessary suffering, we aim to increase the public acceptance of scientific
research outcomes, while also fulfilling our responsibility to protect animals, maintain
ecological balance, and contribute to sustainable social development.
We also strictly abide by the Declaration of Helsinki and the Quality Control Standard for
Medical Device Clinical Trials (GCP) promulgated by the National Medical Products
Administration to protect the rights and interests of subjects. We are required to obtain
approval from the ethics committee of the relevant medical institution when conducting
clinical studies on the relevant product. The researcher must provide the subject with
details of the clinical study, and any subject who is capable of giving informed consent
must be fully informed of the purpose of the study, the methods, any possible conflict of
interest, the researcher’s affiliation, the expected benefits and potential risks of the study,
Training Session of the “In-depth Series on R&D Professional Expertise”
any discomfort that may be caused by the study, post-study safeguards and any other
study-related aspects, and sign an informed consent form for the patient.
Winner Medical Co., Ltd.
From Innovation to Real-world Solutions
As a leading enterprise in the health and wellness sector, deeply engaged in the synergistic Concurrently, the Company continued to deepen its “Product Leadership” strategy. By
development of its medical and retail businesses, Winner Group consistently adheres to the focusing on clinical pain points and user needs, it achieved several breakthrough
development strategy of “Product Leadership, Operational Excellence, Brand Advancement, Digital & innovations in the areas of medical protection and functional dressings. In 2025, the
Intelligent Empowerment.” The Company is steadfast in advancing the independent innovation of Company successfully launched multiple innovative products with industry-first attributes,
fundamental materials. Focusing on the fields of medical consumables and daily consumer goods, it including pure cotton surgical packs, anti-UV silicone gel scar patches, and cotton lining
accelerates the efficient translation of innovation into practical applications, continuously enhances masks. With their differentiated design and excellent user experience, these products
the core competitiveness of its products, and is committed to providing users with safe, reliable, and gained rapid market acceptance, generating sales revenue that accounted for 4.6% of the
high-quality health products and solutions. Company’s total revenue from its medical consumables business.
For detailed information on the progress of the Company’s major R&D projects, please refer to the
Annual Report 2025 of Winner Medical Co., Ltd.
Innovative R&D of Lead-Free Radiation-Protection Gloves
Case
to Protect Healthcare Workers’ Occupational Health
Innovation Achievements in the Field of Medical Consumables
In the medical consumables sector, the Company is dedicated to becoming a brand that provides Responding proactively to the urgent demand for green and safe protective
“One-Stop Solutions for Medical Consumables”. Winner Medical has systematically established a equipment in the healthcare sector, the Company focused on safeguarding the
product innovation framework centered on various scenarios, including infection control, wound care, occupational health of medical personnel in radiological diagnosis and treatment
respiratory health, and personal care. It continuously develops a diversified portfolio of solutions settings and successfully developed lead-free radiation-protection gloves. Through
encompassing traditional wound care and bandaging products, advanced wound dressings, the independent innovation of novel composite protective materials, which replace
operating room consumables, infection protection products, and health and personal care products. traditional lead-containing materials, the Company has eliminated the environmental
This comprehensive approach aims to fully satisfy the multi-layered needs of medical institutions and pollution and health risks associated with lead while achieving superior radiation
end-users. protection performance. Professional testing confirms that the product effectively
reduces hand radiation absorption for medical staff in radiological environments.
This year, Winner Medical continued to accelerate the efficient translation of its innovations into Under X-ray radiation intensity of 120KV, its lead equivalent is ≥0.025Pb. The
market-ready products. By transforming cutting-edge technologies into high-quality products with product complies with the national standards GB/T 7543-2020 and GBZ 130-2020,
demonstrable clinical value, the Company further solidified its technology leadership position in the and incorporates an innovative lightweight design. While meeting all performance
medical consumables field. standards, its average single-layer thickness reaches 0.3mm, which is 30% thinner
than the average thickness of similar products on the market, and its comprehensive
protective performance is at an internationally leading level.
Global Patent Portfolio, Building a Core Class III Medical Device Certification,
Technology Moat Realizing Clinical Value
The Company proactively established a global The Company successfully obtained
intellectual property portfolio for its core strategic National Class III Medical Device
Advanced Wound Care (AWC) products. It has Registration Certificates for two of its
filed for four global invention patents related to core high-end dressing products:
silicone foam dressings, thereby constructing a silicone foam dressings and CMC
robust technology moat. This strategic move has hydrophilic fiber dressings. This
successfully shifted the market competition provides healthcare professionals
paradigm from homogeneous rivalry based and patients with new, high-quality
primarily on price and basic functions to a high- domestic alternatives. Lead-Free Radiation-Protection Gloves
quality development path led by comprehensive
performance and core technological advantages.
Winner Medical Co., Ltd.
Industry-First Anti-UV Silicone Gel Scar Patch to Industry-First Cotton Lining Mask Achieves Dual
Case Case
Address Scar Pigmentation and Accelerate Scar Repair Breakthroughs in Technology and Environmental Protection
Conventional silicone gel scar patches lack sun protection, leaving them unable to Addressing the pain points of traditional masks—such as skin damage from
resist scar inflammation and pigmentation caused by ultraviolet (UV) radiation, prolonged wear and environmental pollution upon disposal—Winner Medical
which can result in scar redness, swelling, itching, pain, and ultimately slow down initiated its Cotton Lining Mask project in 2021. After two years of dedicated R&D
and complicate the repair process. Moreover, most scar patches are made from and over three million test iterations, the project overcame the technical bottlenecks
relatively rigid materials that fail to conform adequately to the curves and uneven related to the wear resistance and bonding processes of natural cotton. In 2023, the
surfaces of skin scars, thereby reducing their efficacy. To address these issues, Company upgraded its entire mask series to feature a biodegradable cotton lining,
Winner Medical successfully developed the industry’s first ultra-soft, sun-protective significantly enhancing comfort and reducing plastic pollution. Since then, the
silicone gel scar patch, utilizing innovative technology to deliver more Company has continuously optimized the products by upgrading the outer-layer
comprehensive scar care and a more comfortable wearing experience. materials to improve both protective performance and wearing comfort. Leveraging
this core cotton lining technology, it has expanded into multiple application
Through the synergistic effect of triazine-based UV absorbers and light stabilizers,
scenarios, successively launching mask series for medical protection, children’s
this product effectively blocks the full spectrum of ultraviolet rays from 290nm to
hygiene, and daily disposable sun protection. These masks are certified to meet
rigorous medical-background standards for protection and are suitable for sensitive
excellent level of sun protection. Its UV-blocking rate is over 97%, combining
skin.
external sun protection with internal repair to doubly accelerate the scar healing
process. Furthermore, the product innovatively employs a highly breathable With the dual value proposition of “Comfort + Green,” the cotton lining masks have
nonwoven fabric as the support layer, which enhances overall strength while gained wide market acceptance. In 2025, sales reached approximately 1.2 billion
increasing softness. This design allows it to wrap around and conform to uneven units, establishing the product as a benchmark practice in driving the upgrade of
scars without detaching during sleep or activity. It not only meets patients’ core health protection products toward higher quality and sustainability.
needs for functional efficacy but also optimizes wearing comfort and improves
adhesion longevity.
Winner Medical Ultra-Soft Sun-Protective Silicone Gel Scar Patch
Winner Medical Cotton Lining Masks
Winner Medical Co., Ltd.
Innovation Achievements in the Daily Consumer Goods Field Cotton Tech
In the daily consumer goods sector, centered on the philosophy of “One Cotton, One
The Company has consistently achieved key innovative breakthroughs within its
Fiber,” the Company maintains its commitment to technological R&D investment. It
Cotton Tech, successfully translating cutting-edge technologies into product
focuses on its proprietary Cotton Tech (encompassing self-developed technologies such
development and leading industry-wide technological transformation. In 2025, our
as Cotton Soft, Cotton Breathable, Cotton Warm, Cotton Cool, Cotton Anti-UV, Cotton
proprietary Purecotton Self-Softening Technology successfully resolved the industry-
Anti-Bacterial, Cotton Dry, Cotton Filler, and the Cotton Premium series). The Company
wide challenge of balancing softness with fundamental physical properties. The
continuously enriches its product portfolio, building a family health consumption
Company established a comprehensive balance data model and completed stability
ecosystem that spans three core scenarios: Maternity & Infant Care, Women’s Health, and
verification across subsidiaries and multiple production processes. While ensuring
Home Living. Through solid scientific innovation, it consistently enhances both product
product quality and safety, this technology significantly enhanced the skin-friendliness
performance and user experience.
and comfort of products. It enabled the full-line conversion and market launch of pure
cotton tissue substrates, positioning it as a core engine for business growth.
Concurrently, the Company’s Cotton Filler Technology has also achieved innovative
breakthroughs and widespread application. Through systematic research into the
issues of “clumping” and “fiber migration” associated with different fabric structures,
washing methods, and quilting processes, the Company successfully developed four
high-performance 100% cotton-filled core materials. In 2025, the cotton filler achieved
performance garnered both international and domestic recognition. Notably, our
Cotton Filler Reversible Coat/Gilet won the London Design Award in 2025, and Infant
Knitted Cotton Filler Swaddle Blanket was listed among the “2025 Top Ten Categories
of Textile Innovation Products” released by the China National Textile and Apparel
Technological Breakthroughs Lay the Foundation for Product Growth
Council.
Scientific Research Collaboration in Breeding
In the area of cotton raw material innovation, Purcotton jointly established a Cotton
Research Institute with the State Key Laboratory of Crop Genetic Improvement at
Huazhong Agricultural University and appointed Academician Zhang Xianlong of the
Chinese Academy of Engineering as its Chief Cotton Scientist. Utilizing technologies
such as gene editing and sea-land hybridization, the collaboration focuses on
cultivating and propagating specialized cotton varieties, including “Pure cotton 135”
and high-lint cotton for spunlace applications. By applying advanced cotton breeding
techniques like gene editing starting at the seed level, the Company explores greater The cotton filler reversible The baby knitted cotton filler baby blanket was included in the list
possibilities for cotton modification. In 2025, the new generation specialized cotton coat/vest won the London of “2025 Top Ten Categories of Textile Innovation Products”
Design Award in 2025. released by the China National Textile and Apparel Council.
variety “Pure cotton 135” achieved successful mass production, with annual output for
commercial use exceeding 300 metric tons. The propagation of the spunlace-specific
cotton variety has also been completed, laying a raw material foundation for the
stable supply of high-quality pure cotton spunlace nonwoven fabric.
Winner Medical Co., Ltd.
In-depth Exploration Scenarios to meet the needs of healthy consumption Consumption
The Company's innovation achievements
scenarios
• In response to the problem that most menstrual pants for girls on the
The Company always takes real consumption scenarios as the starting point for innovation,
market have little difference from adult ones and are difficult to meet the
deeply focuses on the three core scenarios of maternity & infant care, women, and home,
real needs of teenagers, Purcotton launched menstrual pants specially
accelerates the market transformation of innovation achievements, and continuously meets designed for girls. The Company's R&D team collected and analyzed the
the growing diversified and high-quality healthy life needs of consumers. body data (waist circumference, hip circumference, leg circumference, etc.)
of nearly 300 girls, combined with the evaluation of the pressure comfort
Consumption of body-fitting clothing, optimized the trouser pattern cutting and elastic
The Company's innovation achievements
scenarios structure, and launched new products that fit the body better and are
Women’s more comfortable to wear. After being launched, they were recognized by
• In the face of the new national standard for baby Towel officially Health the market and users.
implemented in October 2025, Purcotton actively responded to the new
regulations. Adhering to the principle of "minimizing the types of raw
materials and using ingredients with a long-term safe use history", it
Maternity
& Infant developed and stocked in advance a preservative system for baby Towel
Care with p-hydroxyacetophenone as the core and glycerol and alcohol-based
humectants as supplements. This formula contains only 5 ingredients,
which greatly simplifies the formula and ensures the ultimate mildness and
safety of the product.
Purcotton Nice Princess Teenage Menstrual Pants
• Purcotton launched the "Ultra-clean Absorbent and Bacteriostatic PRO"
• The Company cooperated with the China National Textile and Apparel
product, which innovatively uses non-skin-contact bacteriostatic Council's National Textile Products Inspection and Testing Center. Using
technology. It precisely adds bacteriostatic ingredients to the diversion the most advanced thermal manikin in the world and combining with an
layer (instead of the surface layer in contact with the skin), with a environmental chamber to simulate real wearing, it carried out a study on
bacteriostatic rate of over 99.9% against 5 common strains, effectively the thermal comfort of pure cotton thermal underwear and constructed a
multi-dimensional thermal comfort evaluation model for thermal
inhibiting bacteria while protecting the private micro-ecosystem. At the
underwear.
same time, this product uses a self-developed microporous pure cotton
surface layer. By precisely controlling the moisture and porosity, it • The Company has deeply cooperated with
Tianjin Polytechnic University, focusing on the
Women’s achieves a quick-absorbing and dry experience with very little surface
demand for wearing comfort in the home
Health residue after liquid absorption. furnishing scenario. It pioneered the
Home evaluation system for homewear with
Living "scenario-based comfort", promoting the
upgrade of the industry evaluation standard
from the traditional "single parameter" model
to a comprehensive evaluation system driven
by "real usage scenarios". In 2025, this
innovative achievement was selected as one
of the first batch of science and technology
guidance projects by the China National
Textile and Apparel Council. It has obtained 1
invention patent and published 3 papers in
Invention patent certificate for the
core journals, providing theoretical support homewear evaluation system
and technical paths for the scientific design of
Purcotton Ultra-clean Absorbent and Bacteriostatic PRO homewear products and the optimization of
user experience.
Winner Medical Co., Ltd.
Guided by policies and empowered by academics,
Case
Promote Industry Development explore the path of sustainable medical development
In September 2025, Winner Medical hosted the "Green-driven, Value-first" medical
Deeply participating in various cooperation and exchanges is an important part of
consumables management seminar and the launch meeting of the economic
maintaining innovation vitality. The Company continuously stimulates innovation vitality,
gathers the strength of multiple parties, and jointly seeks development paths by deeply research project on disposable surgical packs, deeply responding to the national
participating in industry co-construction, promoting standard leadership, and deepening policy orientation of green medical care and sustainable development. It gathered
the integration of industry, academia, and research. senior experts in the fields of operating rooms, hospital infection management, and
equipment departments to jointly discuss the practical path for the green upgrade
and efficient management of medical consumables.
Industry-academia-research cooperation
In the development of the "green operating room", Winner Medical has continuously
The Company adheres to open innovation and actively promotes the in-depth integration and extended from product supply to value output. It has joined hands with institutions
collaborative innovation of industry, academia, and research. It has established long-term cooperative such as Hainan Boao Medical Innovation Research Institute and CN-Healthcare,
relationships with universities and research institutes such as Huazhong Agricultural University,
focusing on the cost-effectiveness and clinical value of degradable surgical packs.
Soochow University, Tiangong University, as well as many scientific research institutions and medical
industry partners. By integrating academic frontier exploration and industrialization capabilities, it Through academic empowerment and practical exploration, it provides a scientific
accelerates the process from R&D to application of the Company's new technologies, realizes R&D and basis for the standardized application of green medical consumables in the medical
innovation breakthroughs of the Company, and further consolidates the Company's leading industry, and helps the medical field achieve the coordinated improvement of
technological position and sustainable innovation ability in the medical and big health fields.
environmental benefits, clinical value, and economic efficiency.
Winner Group held an innovation and development seminar to jointly
Case
explore new paths for the development of the pure cotton ecosystem
In August 2025, the Company successfully held an
innovation and development seminar with the theme
of "close to medical science with pure cotton care",
bringing together representatives from the
government, industry, universities, scientific research
institutions, medical institutions and other parties. The
conference carried out in-depth and forward-looking
exchanges and discussions around key issues such as
cutting-edge medical and health technologies, Winner Group successfully held the
innovation and development seminar.
innovation in biological materials, upgrading of the
entire cotton industry chain, and green and
sustainable development.
During the seminar, Winner Group and Wuhan Textile
"Green-driven, Value-first" medical consumables management seminar and the launch
University officially announced the establishment of
meeting of the economic research project on disposable surgical packs
the "Winner" innovative top-notch class, focusing on
the cross-field of flexible electronics and smart
wearables, aiming to cultivate compound innovative
talents with innovation ability, practical ability and Signing ceremony of the "Winner"
innovative top-notch class
international vision, and strive to promote the in-
depth integration of the industrial innovation chain
and the talent chain.
Winner Medical Co., Ltd.
Jointly issue the Green Win-win Chain Initiative to promote the
Deepen Industry Exchanges Case
green upgrade of the big health industrial chain
Winner Group always adheres to the core concept of " Choose good cotton and make
In July 2025, Winner Medical and Purcotton, together with the China Cotton
good use of it.” and actively joins hands with partners upstream and downstream of the
Association, China National Cotton Group Co., Ltd., JD Health, and CN-Healthcare,
industrial chain to build an industrial ecosystem of mutual trust, collaboration, and win-win
jointly released the Green Win-win Chain Initiative. This initiative aims to promote the
results. Through technological co-creation, standard co-construction, and green practices,
green transformation and upgrading of the supply chain in the large-health industry,
the Company continuously promotes the quality improvement and upgrading of the entire
enhance the sustainable development level of the industry through technological
cotton chain from planting, processing to terminal application, and jointly improves the
innovation, and calls on the upstream and downstream of the industrial chain to
sustainable level and global influence of "China’s cotton" with industry partners.
work together to improve the "gold content" of development with the "green
content" of the supply chain, contributing Chinese wisdom and strength to the green
"Global good cotton, one cotton, one world": Winner development of the global health industry.
Case Group comprehensively demonstrates the innovative
practice of the entire green cotton industry chain
From July 16th to 20th, 2025, at the 3rd China International Supply Chain Expo
(CISCE), as the leader of the healthy life chain, Winner Group, together with its
Winner Medical and Purcotton brands, with the theme of "Global good cotton, one
cotton, one world", presented the innovative practice and green achievements of the
entire industrial chain from a single cotton to terminal products to global guests in a
diversified display form.
Scene of the 3rd CISCE The site of the joint release of the Green Win-win Chain Initiative
Winner Medical Co., Ltd.
Formulation of Industry Standards Metrics and Targets
The Company actively participates in the compilation of industry standards, shares Guided by the strategic goal of "Product Leadership, materials innovation, and building a
effective practical experiences with the industry, and continuously promotes the pure cotton technology moat," we have defined the key priorities of R&D management at
development of industry technology. During the reporting period, the Company Purcotton, focusing on three core areas of technological innovation, product
participated in the compilation of 3 national standards, 2 industry standards, and 1 group differentiation, and green sustainability.
standard. Among them, the national standard Technical Textiles – Classification formulated
with the Company's participation has been officially released, promoting the standardized
R&D and innovation management targets
upgrading of the industry.
• Promoting cotton breeding and gene editing to enhance raw material quality,
Standard name Type Status cultivate high value-added cotton varieties, and advance the application of
Technological customized spinning yarns.
GB/T 30558-2025 Classification of Industrial innovation
National standard Published • Driving continuous upgrades of Purcotton’s nine core Cotton Tech
Textiles
technologies and continuing developing new technologies and products.
Recommended
Sanitary pads (Panty Liners Published • Developing differentiated cotton soft tissues and dry-wet toilet Towel to
national standard
Product strengthen the positioning of "cotton versus non-cotton differentiation."
Compressed Facial Masks Industry standard Published differentiation • Creating premium cotton products to meet the demands of consumer
Cosmetic Cotton Industry standard Published upgrades.
T/CAMDI 137-2025 Medical Nonwoven and • Advancing zero-plastic/reduced-plastic packaging initiatives.
Composite Materials for Surgical and Instrument Group standard Published Green • Implementing eco-friendly dyeing technologies, such as plant-based dyeing.
Protection sustainability • Promoting carbon footprint certification for core products and carrying out
GB/T 46936-2025 Medical Absorbent Cotton National standard Published energy conservation and emission reduction measures.
Indicators Unit 2024 2025
R&D investment RMB 348,163,926.01 410,877,566.24
Proportion of R&D investment
% 3.88 3.75
in operating income
Number of R&D personnel Person 1,199 1,323
Proportion of R&D personnel % 7.80 8.34
Winner Medical Co., Ltd.
Create Excellent Products Strategy
Winner Group always adheres to the core principles of "Quality over the profit, Brand over Winner Group adheres to the core principles of "Quality over the Profit, Brand over the
the speed, Social value over the corporate value", and regards quality as the lifeline for the Speed, Social Value over the Corporate Value”. It continuously upgrades the Company's
survival and development of the enterprise. The Company has established a quality full-process and full-chain quality management system, widely enhances employees'
management system covering the entire product life cycle, and through refined operation, quality awareness, integrates the pursuit of excellent quality into the entire product life
deeply integrates this principle into every link from raw material selection, R&D and cycle, and unswervingly creates high-quality products that are safe, reliable, and
production to terminal services. At the same time, relying on the high controllability and trustworthy.
full-traceability of the supply chain, on the premise of ensuring product safety and
excellent quality, the Company continuously promotes the upgrading of green
manufacturing processes, innovation of sustainable materials, and systematic solutions
such as the "green operating room", and is committed to providing consumers with
Impact, Risk and Opportunity Management
products that combine health protection, environmental friendliness, and high-quality
experience.
Quality Management System Construction
Product Quality and Safety
The Company strictly adheres to international standards such as the ISO 13485:2016
We strictly comply with Product Quality Law of the People's Republic of China and Medical Device Quality Management System, ISO 9001:2015 Quality Management System,
Consumer Rights Protection Law of the People's Republic of China, while continuously and ISO 22716 Cosmetics Good Manufacturing Practice. Combining with the needs of
improving our internal quality and safety control systems. Our goal is to build a traceable, business development, it has established a systematic quality management system
controllable, and reliable production assurance system, ensuring product quality from the covering the entire product lifecycle. This system comprehensively covers the six core
source. aspects of design and development, procurement, production, testing, warehousing, and
services, laying a solid foundation for the Company's high-quality development.
Governance
The Strategy and Sustainable Development Committee under the Board of Directors serves Highlight Performance
as the highest supervision body for product quality and safety, responsible for overseeing
the effectiveness of the quality management system. The Company has established a
quality management department at its headquarters, which acts as the core management As of the end of the reporting period, 100% of the Company's self-owned
body for the Company's product quality and safety. It is fully responsible for the planning,
construction, and continuous optimization of the quality management system, and production bases have obtained the ISO 13485 Medical Device Quality
regularly reports the progress of quality management goals to the Strategy and Management System certification and the ISO 9001 Quality Management System
Sustainable Development Committee. Meanwhile, the quality management department at certification.
the headquarters coordinates the quality control departments of each subsidiary to
systematically carry out product quality and safety management work. It implements full-
cycle quality control over products from R&D, production to marketing, and effectively
fulfills the enterprise's main responsibility for product quality and safety.
Winner Medical Co., Ltd.
Meanwhile, the Company conducts regular internal and external quality system audits Product Lifecycle Quality Management Measures
annually. Quality audits are regarded as an important measure to ensure product quality • The Company's headquarters issues the Management Specification for Incoming
Inspection, unifying the standards, processes, and judgment criteria for incoming
and improve the management system. Through the combination of internal audits and inspection of raw materials. Each subsidiary synchronously establishes supporting
external supervision, quality compliance management is comprehensively strengthened. management specifications to ensure the standardized and regulated implementation of
raw material inspection upon arrival at the factory, controlling the quality of materials
During the reporting period, the internal audit department conducted internal audits on the from the source.
risk points in the Company's quality management based on the risk importance level. As of • Regularly carry out supplier quality empowerment and collaborative communication, and
organize targeted quality special training irregularly, such as special training on medical
the end of the reporting period, the business departments have completed 100% closed- device UDI, to strengthen suppliers' quality awareness and compliance capabilities and
loop rectification of the findings from the internal audits. promote the collaborative improvement of quality between supply and demand parties.
• Continuously verify the stability and controlled state of key processes in the production
In 2025, Winner Medical underwent a total of 136 external quality audits, covering relevant and manufacturing process to ensure that the output quality meets the design
requirements.
stakeholders including customers, certification bodies, and regulatory authorities. These
• Each production base continuously improves the daily monitoring and regular verification
audits included inspections by regulatory agencies (such as provincial and municipal mechanism of the production environment to ensure that the environmental conditions
meet the core requirements of product safety and quality control.
medical product administrations), recertification audits for the ISO 13485:2016 Medical Production and
Manufacturing • Establish a defective product management process to implement full-process control and
Device Quality Management System, and recertification audits for the ISO 9001:2015 tracking of defective products and waste generated during the production process, clarify
Management
Quality Management System, among others. Additionally, 28 specialized inspections the requirements for classification, identification, and disposal, and prevent their loss,
misuse, or illegal recycling and reuse, ensuring product safety and compliance closed-
conducted by domestic and international medical device regulatory authorities identified loop.
no major deficiencies. All issues identified during the audits achieved 100% timely closed- • Implement a systematic post-training and skill assessment mechanism to ensure that
employees have the professional capabilities and quality awareness required for their
loop resolution and effective verification, ensuring robust product quality safety and duties.
sustained.
• Strictly implement the product quality inspection mechanism of "First-article inspection,
in-process inspections, and final product inspections" to ensure full-process control of
Quality Inspection product quality and strictly monitor and limit non-conforming products.
Management
• Through manufacturing compliance inspections, ensure that the actual production
process strictly follows the approved process procedures and quality standards.
• Each warehouse implements partitioned and classified management based on product
Product Lifecycle Quality Management Measures characteristics and conducts regular warehousing environment verification to ensure the
stability and safety of product quality during storage.
• Rely on the information system to conduct dynamic expiration date tracking of inventory
products. Timely evaluate products approaching their expiration dates and handle them
• Conduct customer demand identification and regulatory applicability reviews to ensure
Warehousing and in accordance with regulations to prevent expired products from entering the market.
the completeness and compliance of design inputs.
Logistics • Recheck the packaging integrity, label accuracy, storage condition records, and expiration
• Through multiple rounds of design reviews, conduct phased evaluations and decision- Management
Design and date status of the outbound batches to ensure that the outbound products are in
makings on technical solutions, risk control measures, and manufacturability.
Development compliance and the information is traceable.
Management • Transform the verified and confirmed design results into practical applications, and
• The Company implements full-process quality control over the product transportation
cooperate with departments such as production, quality, and supply chain to complete
process, adopting standardized logistics management and in-transit environment
trial production verification and process confirmation, ensuring the smooth
monitoring to prevent adverse impacts on product quality due to factors such as pollution
implementation of R&D results and controllable quality.
during transportation.
• Through a perfect product traceability system, each product is given a unique "electronic
ID", realizing full-link transparent management from raw materials to consumers.
• The Company's raw material procurement covers high-quality cotton-producing areas
around the world. At the same time, the Company has jointly established a Cotton • Efficiently operate the customer complaint and customer service handling mechanism to
Research Institute with the State Key Laboratory of Crop Genetic Improvement at ensure that all feedback is responded to, investigated, and closed within the specified
Huazhong Agricultural University and successfully cultivated the "Purcotton135" cotton time limit.
Raw Material variety. The Company spares no effort in cotton cultivation, development, and Post-market • Collect real-time data on the adverse reactions of post-market products. At the same
Procurement procurement, aiming to improve quality standards from the source. management time, establish a dynamic collection and early-warning mechanism for industry risk events
Management • The Company formulates and implements material management systems such as the to promptly identify and evaluate potential risks.
Management Procedure for Production-Type Material Suppliers", constructs a • In response to quality issues feedback from the market, the Company organizes cross-
standardized supplier quality access and dynamic evaluation system, and combines departmental teams to conduct root cause analysis, formulates improvement measures
annual audits, surprise inspections, etc. to achieve entire lifecycle quality control of accordingly, and promptly feeds back to relevant departments such as R&D, production,
suppliers. quality, and supply chain for implementation.
Winner Medical Co., Ltd.
Quality Inspection Ability Digital Empowerment of Quality Management
The Company continuously strengthens the construction of quality inspection capabilities To comprehensively improve the Company's product quality and safety management level,
and has established a laboratory system with a perfect structure and efficient operation. the Company continuously promotes the in-depth application of information systems in
During the reporting period, the Company further improved the laboratory's technical quality management, and constructs a digital quality control system centered around the
capabilities and management level. Both the Shenzhen Winner and Jingmen Winner testing QMS quality management system and the entire product lifecycle traceability system,
centers have obtained the laboratory accreditation from the China National Accreditation realizing the whole-process closed-loop management from the source to the end.
Service for Conformity Assessment (CNAS), which indicates that their testing capabilities
have reached the internationally recognized standards. The testing scope recognized by Quality Management System (QMS)
CNAS covers multiple technical fields such as the physical and chemical properties of
textiles, sterile inspection of medical devices, and functional indicators of contact wound
dressings, providing protection for product quality control. As the core platform for quality management, the QMS system covers the entire
process, including quality planning, process control, inspection and testing, handling
of non-conforming products, and corrective and preventive measures. Through
functions such as real-time collection of quality data, automatic early-warning of
abnormalities, full-process tracking of non-conforming products, visual billboards of
quality performance, and intelligent analysis reports, this system significantly improves
the response speed and decision-making efficiency for quality issues.
Product Quality Lifecycle Traceability System
Product Quality Lifecycle Traceability System runs through all links from raw material
procurement, production and manufacturing, warehousing and logistics, sales and
distribution to after-sales service. Relying on the "one product, one code" technology,
it realizes accurate product traceability and supply-chain transparency. This system
integrates functions such as automatic generation of unique identification codes,
automated production coding, blockchain evidence storage, and full-link data
connection. It not only effectively supports anti-counterfeiting verification and risk
recall but also realizes the standardized and structured retention of whole-process
quality data through electronic batch records. At the same time, it allows consumers
to check the product's authenticity, production information, quality inspection reports,
anti-counterfeiting certifications, etc. by scanning the code on their mobile phones,
CNAS certificate of Shenzhen Winner Laboratory CNAS certificate of Jingmen Winner Laboratory enhancing transparency and trust.
Winner Medical Co., Ltd.
The First in the Cotton Tissue Industry: “One Item, One Code +
Case Product Recall Management
Blockchain” with Three Core Functions Ensuring Quality and Safety
The Company strictly adheres to the laws and regulations of the business operation
As a leader in the cotton tissue industry, Purcotton was the first to launch the
location and the relevant requirements for product recalls. It has established a
industry's first "one product, one code + blockchain" quality protection system.
comprehensive product recall management system and standardized operating
Through three core functions of product authenticity verification, production
procedures, and constructed a three-level emergency response mechanism to ensure
traceability, and suggestion and reporting channels, it constructs a full-link
rapid, orderly, and efficient handling in case of product recalls. When it is found that the
transparent trust mechanism from the factory to consumers.
delivered products have quality defects or may pose potential risks to public health and
? One code to verify authenticity: Each cotton tissue package is assigned a unique safety, the Company immediately initiates the emergency response procedure, quickly
digital identity code, which supports real-time code-scanning verification at assesses the risk level, takes corrective and preventive measures, and promptly notifies
multiple locations, multiple terminals, all channels, and all scenarios. Combined relevant parties. If necessary, the products are retrieved to maximize the protection of
with blockchain evidence-storage technology, it ensures that the verification consumers' health and safety. During the reporting period, the Company initiated 1
results are tamper-proof and authoritative.。 voluntary product recall event, with a recall level of Class III, and there were no serious
? Production traceability: Product qualification certificates are publicly available for injuries or fatal accidents caused by product defects.
query, and the core production processes are transparently displayed 24 hours a
day. Consumers can scan the code to trace the whole process of the product
from raw materials to finished products in real-time. Product Recall Process
? Two-way interactive feedback: Users can submit suggestions for using genuine
Receive product
products or customer complaints by scanning the code, and they can also report issue report and
Quality team
Conduct recall
receives and
suspected counterfeit products. All information is directly connected to the forward to Quality
assesses the issue
review
enterprise's back-end, and a dedicated person will respond and track the Department
handling within 24 hours, forming a closed-loop consumer co-governance
mechanism.
Implement recall
and conduct Develop recall
Issue recall notice
supervision and plan
follow-up
Confirm recall
Recall completed
effectiveness
Meanwhile, the Company has set up diversified customer feedback channels, including
public email, 400 service hotline, and online customer service on the official website, to
comprehensively receive complaints and suggestions regarding product quality and safety
from consumers, medical institutions, dealers, and other parties. All relevant complaints are
incorporated into a unified management platform and synchronized in real-time to
relevant departments such as R&D, quality, operations, and logistics. Through cross-
functional collaboration, root cause analysis is carried out to promote product design
optimization, process improvement, standard upgrading, and process perfection, realizing
closed-loop management from "problem response" to "source prevention" and
continuously improving the product quality and safety level.
Winner Medical Co., Ltd.
Quality Culture Construction
Metrics and Targets
Quality awareness and personnel capabilities are important guarantees for the effective operation of
the quality management system. While strengthening daily quality management, the Company also To continuously improve the quality management level, the Company sets quality
focuses on improving the quality culture education of all employees to enhance the overall quality management goals around indicators such as the coverage rate of quality management
awareness. The Company has established a quality education and training system at the Company- system certification and establishes a regular monitoring mechanism. It conducts
level, factory-level, and department-level. It conducts full-staff quality training through a combination systematic evaluation and dynamic tracking of the goal achievement situation every year to
of theoretical teaching and practical cases to comprehensively improve employees' awareness of the ensure continuous improvement of quality performance and effective operation of the
value of product quality and safety. For new employees, we incorporate quality awareness-related management system.
knowledge into their mandatory on-boarding courses; for in-service employees, corresponding training
courses are configured according to the nature of the position and changes in the external
environment, and regular training is carried out with effect evaluation to ensure that quality training
Goals Progress in 2025
covers all personnel in various links such as R&D, procurement, production, and marketing.
By 2027, 100% of the
The Company regularly conducts various quality culture promotion activities to create a good Company's self-owned
atmosphere where everyone attaches importance to quality and establish a quality culture with full- production bases will maintain
• 100% of the self-owned
staff participation. In 2025, the Quality Management Department at the Company headquarters carried a complete quality
production bases have obtained
Coverage Rate of management system and
out a total of 49 quality-themed training sessions around topics such as product quality control, quality the ISO 13485 Medical Device
Quality Management obtain relevant certifications,
management system, and compliance requirements, effectively strengthening the overall quality Quality Management System and
System Certification including ISO 9001 Quality
awareness and professional capabilities of employees and providing a solid guarantee for product the ISO 9001 Quality
Management System
Management System Certification.
safety, compliance, and excellent quality. Certification and ISO 13485
Medical Device Quality
Management System.
Chongyang Winner Deeply Cultivates Quality Culture Construction
Case
and Builds a Solid Foundation for Quality with Diverse Activities
In 2025, the subsidiary Chongyang Winner deeply
promoted quality culture construction, carrying out a total
of 147 quality-themed activities in 8 production
workshops, covering all employees and all positions. The
activities cover six core categories: risk identification,
quality review, problem improvement, management
evaluation, quality incentives, and quality communication.
It also innovatively created featured activities such as
"Find the Fault" Challenge, "Management Ability
Improvement Drill", "Visual Quality Warning Signs", and
"Visual PFMEA Production", further strengthening the
quality responsibility awareness of all employees.
Moreover, a group of professional talents with both
quality practical abilities and management thinking were
cultivated and selected in practice, laying a solid talent
foundation for the continuous optimization of the
Conducting Quality Culture
Company's quality control system. Construction Activities
Winner Medical Co., Ltd.
Sustainable Raw Materials
Sustainable Products
The Company always adheres to the environmental protection concept of "cotton over
On the basis of ensuring product health and safety, Winner Group actively practices the
chemical fiber", firmly believes in the sustainable power of cotton, and is determined to
concept of green development, promoting environmental friendliness and efficient
promote the wide application of natural cotton fibers in products. As a renewable resource
resource utilization throughout the product lifecycle. From raw material selection, design
that can be naturally degraded, pure cotton fibers can return to the soil after use and be
and development, production and manufacturing to use and disposal stages, the concept
converted into organic matter without causing long-term environmental burden.
of environmental friendliness is fully integrated, continuously optimizing resource
utilization efficiency, reducing energy consumption and carbon emissions. It is committed
to minimizing the impact on the ecological environment while meeting users' health needs, Ten Benefits of Cotton
promoting the coordinated development of healthy consumption and the earth's
Change Ecology More people Change Life
sustainability. choose to use
cotton-based
• Sustainable natural fiber products • Natural fiber
Entire Product Lifecycle Management • Environmentally The • Safe natural fiber
friendly natural fiber Relationship
More saline- Higher • Excellent
alkali land is Between income for
To continuously promote the innovation of green products and sustainable development, • Drought-tolerant transformed Cotton breathability,
cotton
Winner Group conducts an inventory and evaluation of sustainable products based on its crop into green Cultivation farmers
warmth retention,
fertile land and Global and comfort
own business development and sustainable development strategy, constantly improves the • Saline-alkali-tolerant Earth Ecology
Company's sustainable product system, and is committed to increasing the revenue share crop • Time-honored fiber
of sustainable products. • Positive-energy • Crop with social
More land is
natural fiber available for cotton value
The Company continuously enhances its ability in the green design of sustainable products.
cultivation
During the new product development process, it considers the environmental footprint of
products, uses natural cotton fibers, promotes energy-saving and environmentally friendly
production processes, reduces energy consumption, minimizes the use of chemicals, Since its establishment, Purcotton, a subsidiary of Winner Group, has been dedicated to
reduces carbon emissions from product packaging and transportation, and embeds the perfecting the use of cotton. It aims to let more consumers experience the natural, skin-
Life Cycle Assessment (LCA) into R&D to systematically identify and control the potential friendly, and safe values of cotton, and shape it into a sustainable carrier that connects
environmental impact of products from the source throughout the whole process. ecological responsibility with a better life. The persistence and innovation in cotton are
now extending from daily life scenarios to the medical field. Purcotton actively sources
high-quality cotton that meets sustainable standards and continuously increases the
Highlight Performance proportion of natural cotton fibers in its raw material structure. By 2025, over 95% of the
raw materials purchased by Purcotton were natural cotton fibers, effectively promoting the
transformation of green consumption through material innovation and contributing to the
In 2025, the revenue share of Winner Group's sustainable products4 has
construction of ecological civilization.
reached 51%, In recent years, Winner Medical has been accelerating the green transformation of "cotton
over chemical fiber". Through its self-developed patented technology for pure cotton
and it is committed to maintaining the revenue share of sustainable products at hydroentangled nonwoven technology, it applies natural cotton to medical consumables
no less than 50% by 2027. such as disposable sterile surgical packs and surgical gowns. These raw material
innovations not only deeply restructure the medical supply chain but also reduce non-
degradable plastic particle pollution from the source and lower carbon emissions. The
"green operating room" solution is driving a new medical revolution that concerns patient
safety, medical staff comfort, and ecological protection.
China Green Product Certification, Intertek Green Leaf Certification, etc.) obtained for core raw materials or products as the statistical caliber for
sustainable products. Currently, the Company is continuously improving the sustainable product evaluation system to ensure that the sustainable
product evaluation standards of the Winner Group are more scientific and quantifiable.
Winner Medical Co., Ltd.
"Additive-free Self-softening" Technology: Redefining
Case
Softness with the Essence of Cotton
Highlight Performance
Over 95% of the raw materials purchased by Purcotton are natural cotton fibers To address the problem that traditional spunlace nonwoven fabric production
generally relies on chemical softeners such as petroleum-based glycerin, mineral oil,
and fatty alcohols, the Company optimized and upgraded the core de-bleaching
process and successfully developed the industry-leading "additive-free self-
softening" technology, eliminating the use of unnecessary chemicals.
Meanwhile, the Company actively explores and applies organic cotton as a sustainable raw
material. Starting from the source planting stage, Purcotton strictly controls the use of This process focuses on fully stimulating and retaining the natural softness of cotton
pesticides and fertilizers to promote the cultivation of organic cotton, reducing pollution to fibers. By precisely controlling the concentration of lye, treatment temperature, and
land and water resources and contributing to the long-term sustainable development of action time, it effectively completes de-bleaching while retaining some natural wax
the agricultural ecosystem. on the surface of cotton fibers, avoiding excessive damage to the cellulose structure
and fully releasing the internal softness of cotton fibers.
After the process upgrade, the softness of the product reaches or even exceeds the
Purcotton Organic Cotton Products
effect of traditional products with chemical softeners. At the same time, reducing the
use of unnecessary chemicals from the source lowers the environmental load during
production, achieving multiple value improvements in product efficacy, usage safety,
and sustainable development.
Meanwhile, the Company continuously promotes energy conservation and carbon
reduction in its production bases during the manufacturing process. It deeply implements
measures such as upgrading equipment energy efficiency, optimizing the energy structure,
and building green factories. For detailed measures and achievements, please refer to the
"Promoting Green Production" section in the “Love Our Planet" chapter of this report.
Nice Princess Organic Cotton Sanitary pad
Green Production and Manufacturing
The Company continuously optimizes its environmental-friendly production processes
during manufacturing. It actively adopts clean process technologies with short processes,
low energy consumption, and low emissions. Through process innovation and efficient
resource utilization, it effectively reduces the environmental impact of production activities
and continuously improves the green level of the manufacturing process.
Winner Medical Co., Ltd.
Low-carbon Warehousing and Transportation Optimize lighting energy-saving renovation
In the warehousing and logistics transportation sectors, the Company continuously explores various
carbon-reduction methods. By optimizing transportation routes, promoting the use of new-energy
By using high-efficiency lenses, reducing the power of spotlights from 35W to 30W,
vehicles, and improving warehousing energy efficiency, it aims to reduce the carbon footprint and optimizing the basic lighting layout during the design stage to streamline the
generated during product storage and transportation. At the same time, the Company regularly number of lamps, the lighting energy efficiency is systematically improved. The lighting
publishes the Quarterly Report on Lean Logistics Operations of the Group, visualizing and standardizing optimization plan has been fully implemented in 46 newly opened Purcotton stores,
frontline innovation achievements and best practices through benchmark project reviews and process effectively reducing electricity consumption and achieving the dual benefits of cost
improvement case sharing, facilitating employees' learning, reference, and implementation, and reduction and carbon reduction.
continuously stimulating the Company's internal improvement motivation in the field of green logistics.
Fully promote environmental-friendly building materials
Strictly implement national environmental-friendly building material standards,
Green Green formulate and implement a list of environmental-friendly building materials for stores
Warehousing Transportation to ensure that materials in all links from design to construction are compliant, safe and
have a low environmental load, laying a solid foundation for a green space.
Empowering Energy Conservation Optimizing Transportation Routes
and Efficiency with Automation and New-energy Vehicle Capacity
Reuse and renovate store materials
To effectively reduce warehouse energy In terms of optimizing and integrating
consumption and improve operational efficiency, transportation routes, the Company conducts
the Company continuously promotes the centralized tenders, aggregates transportation • Establish a standardized mechanism for reusing store materials. On the premise of ensuring
intelligent and green upgrade of the demands by province and region, and selects safety and experience, give priority to retaining the original building structure and reusable
warehousing. In 2025, the Company implemented high-efficiency, low-emission carriers to improve
display props. Through reuse and renovation, the comprehensive reuse rate of materials
a series of automation projects in multiple core the full-load rate and route rationality. In
exceeds 30%, reducing the generation of decoration waste and resource waste.
warehouses in Wuhan, Huanggang, and other promoting new-energy vehicles, the Company
places. While optimizing the operation process, it actively promotes the transformation of green • Through the collaboration of multiple departments such as design, engineering, and store
effectively reduced energy consumption and transportation capacity. By the end of 2025, the operation, a closed-loop management is formed in the links of prop recycling from closed
carbon emissions, promoting green warehousing proportion of new-energy vehicles used by
stores and embedding reuse plans in new store designs, continuously optimizing the resource
construction to a new level. carriers had reached 23.3%, continuously
recycling efficiency. In 2025, among the 65 directly-operated stores built by Purcotton, 50
reducing dependence on fossil fuels and tail-gas
stores have implemented reuse and renovation.
emissions.
Green Store Operations
In the store operation process, Purcotton actively practices the low-carbon concept and vigorously
promotes the construction of green stores. Through measures such as implementing energy-saving
renovations of the lighting system, giving priority to the selection of environmental-friendly building
materials and decoration materials, and improving the reuse of store materials, it effectively reduces
energy consumption and environmental footprint during the operation process, and is committed to
creating a healthy, comfortable and environmentally friendly retail space.
Purcotton stores after environmentally-friendly renovation
This year, Purcotton has comprehensively promoted green practices in store construction and
operation. Focusing on three major modules of electricity energy-saving, application of environmental-
friendly building materials, and reuse and renovation of materials, it has reduced the environmental
impact and resource consumption in the store operation process.
Winner Medical Co., Ltd.
Winner Medical cotton lining mask obtains product carbon
End-of-life Management of Products Case
footprint certification, redefining a new benchmark for masks
The Company actively practices the concept of circular economy, steadily promotes the
In 2025, the Company conducted a product carbon footprint verification for the star
end-of-life management of products, and continuously explores ways to reduce resource
product Winner cotton lining mask. Based on the standards of ISO 14040, ISO 14044,
consumption and environmental impact from two dimensions: extending product service
and ISO 14067, it completed the accurate assessment and quantification of
life and promoting material recycling.
greenhouse gas emissions from "cradle to gate" and won the "Intertek Green Leaf
Certificate-Product Carbon Footprint Certificate". This certification is not only an
Sustainable Product Series authoritative recognition of the value of the Winner cotton lining mask in terms of
environmental sustainability, but also marks a key step for Winner Medical in
promoting green product innovation and strengthening the foundation of scientific
Winner Group deeply integrates the concept of sustainable development into the entire
carbon management.
product life cycle. Centering on the core strategy of "cotton over chemical fibre, nonwoven
fabrics over woven fabrics", it comprehensively creates an environmentally friendly product
matrix.
Green and Low-carbon Product Certification
To meet the growing demand of consumers for environmental-friendly products and
enhance the green competitiveness of products in the global market, the Company actively
conducts third-party authoritative certifications related to green and low-carbon for
multiple core products to ensure that the products reach the international advanced level
in terms of health, safety and environmental friendliness. At the same time, the Company
continuously pays attention to the carbon emission performance of products throughout
their life cycle. Based on international standards such as ISO 14067, it conducts product
carbon footprint verifications for multiple core products, providing data support and
decision-making basis for green product design, low-carbon optimization and continuous Carbon footprint verification certificate
of Winner cotton lining mask
improvement.
This year, the products of the Company that have obtained third-party
authoritative certifications related to green and low-carbon are as follows:
Consumer Goods: Medical Consumables:
• 20 products have obtained the • 1 product has obtained the
China Green Product Certification. OEKO-TEX STANDARD 100
• 10 products have obtained the certification.
OEKO-TEX STANDARD 100 • 10 products have obtained the
certification. Intertek Green Leaf Certification.
• 2 products have obtained the
China Organic Product
Certification.
Winner Medical Co., Ltd.
Case All-round solution for “Green Operating Rooms" Case Nice Princess Cotton Filler Series Sanitary Pads
As the global medical system accelerates towards sustainable development, the The Nice Princess Cotton Filler Series Sanitary
Pads launched by Purcotton rely on the
operating room, a core scenario for life-saving, is facing unprecedented ecological
principle of unidirectional liquid conduction of
challenges: Medical environment data in Canada shows that although operating porous media. Through the innovative
rooms account for a relatively small proportion of the hospital's physical space, they spunlace process, the physical properties of
contribute 20%-33% of the total hospital waste. The operation mode and product the cotton substrate are scientifically
application of operating rooms urgently need to be innovated.5 regulated, and a 100% cotton absorbent core
is successfully developed, completely
As an innovative leader in the field of medical consumables in China, Winner Medical abandoning the petroleum-based
officially launched a systematic solution for the "Green Operating Room". Through superabsorbent resin used in traditional
green innovative products such as disposable surgical packs made of pure cotton sanitary pad cores. The cotton fiber content of
spunlace nonwoven fabric, cotton surgical gowns, natural rubber gloves, and lead- the whole sanitary pad accounts for up to 53%,
achieving good absorption performance while
free radiation protection suits, it reduces the risk of intraoperative contamination Nice Princess Cotton Filler Sanitary Pads
retaining the excellent softness of cotton
and the environmental impact of medical waste, achieving a closed-loop safety for
fibers, realizing innovation in terms of material,
the operating room environment with "zero infection and low energy consumption", softness, and absorption performance.
and assisting hospitals in the green operation of their operating rooms.
Winner Green Operating Room Product Series
Case Purcotton Pure Cotton Tissue
In terms of raw material selection, the 100%
cotton spunlace nonwoven fabric used in
Disposable surgical pack made of pure cotton Purcotton Pure Cotton Tissue can be
Lead-free radiation protection suit spunlace nonwoven fabric biodegraded in the soil environment in only 45
days, practicing the concept of green
It uses new environmentally friendly The disposable surgical pack uses pure sustainability from the source.
composite materials to replace lead cotton spunlace nonwoven fabric, In terms of production technology, this product
cores, avoiding the risk of lead achieving standardized configuration uses pure cotton spunlace nonwoven fabric
pollution. There is no heavy-metal of consumables, which is time-saving, technology, and the water recycling rate in the
spunlace process reaches 95%, significantly Pure Cotton Tissue Products
residue after the end of its service life, efficient, safe, reliable, and
reducing resource consumption.
greatly reducing the difficulty of environmentally friendly.
medical waste disposal. Through a
lightweight design, it reduces the load In terms of product performance, Purcotton Pure Cotton Tissue adopts the Company's
on medical staff by 30% and reduces independently developed "additive-free self-softening" technology to retain the natural
the possibility of nerve damage to characteristics of cotton to the greatest extent, with the softness increased by 55%, truly
achieving a skin-friendly experience of "no additives, more softness".
medical staff.
Winner Medical Co., Ltd.
Sustainable Packaging Packaging Reduction
The sustainability and environmental impact of packaging materials have become the In terms of packaging reduction, the Company adheres to the concept of lightweight
focus of wide social attention. Winner Group deeply integrates the concept of sustainable design and continuously optimizes the packaging structure and streamlines packaging
packaging into the product packaging material selection and design principles. It materials. Through measures such as conducting packaging function evaluations, removing
continuously makes efforts in reducing plastic, reducing quantity, and reducing the redundant layers, and reducing volume, on the premise of ensuring product protection,
application of virgin plastics and renewable materials from the source of packaging, transportation safety, and user experience, it continuously reduces the use of packaging
continuously promoting the environmental protection transformation of the packaging materials and avoids over-packaging of products.
system, and running the concept of sustainable packaging through the whole process of
Lightweight without Compromising Quality: Purcotton's Packaging
production, manufacturing, warehousing, logistics, and store sales. The Company actively Case
Lightweight Upgrade Reduces the Use of Virgin Plastics
selects environmentally friendly packaging materials and continuously reduces the
environmental impact of the entire packaging life cycle through measures such as
In 2025, Purcotton implemented a lightweight upgrade for the packaging of Nice
packaging reduction, plastic reduction, recycling, and the application of renewable
Princess's cotton yarn series, organic cotton series, and pure cotton sleep pants,
materials, promoting the upgrade of the packaging system towards green, low-carbon,
reducing the thickness of the original packaging material by 12.5%. Through this
safe, and environmentally friendly directions.
optimization, the products launched by Purcotton this year have cumulatively
reduced the use of virgin plastics by about 6000 kilograms through packaging
• Principles of Minimum • Principles of Structural
Enclosing Volume Design Safety Design optimization.
Principles of • Lightweight Packaging • Principles of Process This packaging reduction plan is based on a comprehensive evaluation of packaging
Packaging Design Materials Simplification functionality. On the premise of ensuring that product transportation protection,
hygiene safety, and consumer unpacking experience are not affected, it successfully
achieves a precise reduction in the use of packaging materials.
• No-fluorescence Principle • Principles for Selecting
Auxiliary Materials
Principles for Selecting • Principles of Environmental
Packaging Materials Sustainability
Winner Medical has formulated clear sustainable packaging goals to ensure that the green
packaging strategy is implemented effectively.
Sustainable Packaging Goals
By 2027, Winner Medical will achieve a 7.6% reduction in the weight Renewable Packaging
proportion of plastic packaging compared to 2024; Winner Group actively promotes the application and innovation of renewable packaging
in paper-based packaging, the proportion of FSC (Forest Stewardship Council) materials, vigorously promotes the replacement of plastics with paper, preferentially selects
certification will be increased to over 50%. recyclable and degradable paper-based materials, and gradually promotes the application
of FSC (Forest Stewardship Council) certified paper materials to replace traditional plastic
packaging.
Winner Medical Co., Ltd.
Eco-friendly Innovation of Purcotton Sock Card Hooks:
Highlight Performance Case
Pulp Material Replaces Traditional Plastic
In response to the environmental pollution pain points of
In 2025, paper-based packaging accounted for 80% of the packaging non-degradable and difficult-to-recycle disposable
plastic sock card hooks in traditional sock products,
materials used for Winner Group's finished products.
Purcotton established a special R&D team and
successfully developed a new type of sock card hook
made of 100% environmentally friendly pulp material that
is free from fluorescent whitening agents, and completely
abandoning plastic from the design source. At the same
time, by optimizing the wet-pressing molding and surface
Winner Medical Cotton Lining Mask: Replacing Plastic
Case treatment processes, on the premise of ensuring no
Packaging with Medical Dialysis Paper
plastic addition, the load-bearing capacity, toughness, New Type of Sock Card
Hooks Made of 100%
and short-term moisture-proof performance of the hooks Environmentally Friendly
To actively address the challenge of plastic Pulp Material
were significantly improved, fully meeting the hanging
pollution, Winner Medical took the lead in the
industry to upgrade the mask packaging in an needs in store display and consumer use.
eco-friendly way. It completely replaced non-
fully recyclable packaging materials such as
traditional plastic films and paper-plastic
composites with medical dialysis paper of all-
paper-based structure, taking into account both
hygiene and environmental friendliness. In 2025,
the cumulative sales of Winner cotton lining
mask packaged with medical dialysis paper
reached 140 million, significantly reducing the
use of plastic mask packaging in the market.
This medical dialysis paper offers excellent
protective performance, meeting the rigorous
standards of a medical background regarding
sterility, dust-proofing, and moisture resistance
to ensure safety during storage and use.
Furthermore, it is environmentally friendly, being
fully biodegradable and easy to recycle. In 2025,
the cumulative sales of Winner cotton lining
mask packaged with medical dialysis paper
reached 140 million, significantly reducing the Winner Medical Cotton Lining Mask
use of plastic packaging and greatly reducing the
environmental impact of the packaging
throughout its life cycle.
Winner Medical Co., Ltd.
In addition, at the production and manufacturing end, the standardization and circular use
Packaging Recycling of internal turnover packaging such as transfer boxes and cartons are continuously
promoted, and an in-factory recycling mechanism is established to achieve the reduction
Winner Group regards packaging recycling as one of the key paths to promote the and efficient reuse of packaging materials. At the supply chain end, green practices in the
transformation of sustainable packaging. On the premise of strictly ensuring the safety, warehousing and logistics links are vigorously promoted, and strategies such as box type
hygiene, and functional performance of medical and consumer products, the Company optimization, direct delivery in the original box, and no unpacking for order splitting are
adopts packaging designs with simple ingredients and single materials, avoiding multi- actively implemented to reduce the demand for secondary packaging and significantly
layer composite structures, and significantly improving the recyclability of discarded reduce the consumption of disposable packaging and the generation of waste.
packaging at the consumer end. Such packaging is easier to be correctly classified,
efficiently sorted, and thoroughly cleaned, so that it can smoothly enter the recycling Highlight performance
system, be transformed into recycled resources, reduce the environmental burden, and
promote the realization of a plastic closed-loop cycle. In the consumption link, we actively In 2025, the Company continued to promote green circular practices in the
guide consumers to pay attention to the packaging design of our products that is reusable warehousing and logistics process, and established a closed-loop cycle of cartons
and easy to recycle, and encourage consumers to participate in the resource back-flow. from the production end to the warehousing end. By recycling and reusing cartons
Green upgrade of cotton tissue packaging: innovation of single-
transferred from subsidiaries to warehouses, a total of 1.66 million cartons
Case were recycled and reused internally throughout the year, a year-on-year increase
material and application of recycled materials
To meet the strict environmental protection standards of the overseas market and the
of 29% compared with 2024.
growing green demand of consumers, and to solve the industry pain points of the
difficult-to-recycle multi-material composites and high consumption of virgin plastics
Purcotton's nonwoven bags for bedding: the circular rebirth
in traditional cotton tissue packaging, Purcotton carried out a special technical Case
from environmental-friendly packaging to daily necessities
upgrade for the cotton tissue packaging in the overseas market.
The Company uses a single PE material to solve the recycling and separation problems Bedding sets and blankets under Purcotton are mainly
packed in 100% cotton nonwoven bags and pure
caused by multi-material composites from the source, significantly improving the
cotton canvas bags. Among them, the nonwoven bags
recyclability of the packaging. At the same time, 20% of post-industrial recycled (PIR)
are made by the self-developed pure cotton spunlace
plastics certified by overseas environmental protection agencies are added to the nonwoven fabric technology of Winner Medical,
packaging production. On the premise of strictly ensuring the core performance of the containing no chemical fibers or chemical additives,
product such as sealing, moisture-proofing, and hygiene, the consumption of virgin and can be completely biodegradable in the natural
plastics is effectively reduced, and the use of virgin plastics is reduced by 20% year- environment, replacing traditional hard-to-degrade
on-year. Through technological innovation, the environmental impact of the packaging materials such as plastics and polyester
from the source.
packaging throughout its life cycle is continuously reduced, providing a practical
demonstration for the green packaging upgrade of cross-border consumer goods. At the same time, this nonwoven bag is not only
environmentally friendly but also has excellent
durability and practicality. Its material is soft and Purcotton's nonwoven bags for bedding
tough, with strong load-bearing capacity. Consumers
can reuse it for daily scenarios such as clothing
storage, travel toiletries bags, and shopping bags
after opening the package, truly realizing the circular
value of "packaging as usable goods".
Winner Medical Co., Ltd.
Accessible High-Quality Medical Care
The Company always adheres to the business principle of "social value over the corporate value" and takes "leading the trend of great health and realizing the harmonious coexistence of people and the
environment" as its mission. It is committed to developing safer, more effective, more accessible, and more inclusive medical products. At the same time, the Company actively broadens the medical service
channels, promotes the sinking of high-quality medical resources to grass-roots and remote areas, and effectively improves the accessibility, affordability, and fairness of medical services, so that more
people, especially patients in areas with weak medical resources, can enjoy high-quality and sustainable health protection.
Product-Enabled Medical Accessibility
Winner Medical always is committed to reducing the threshold of medical use and improving the accessibility and affordability of high-quality medical resources through highly adaptable, reliable, and
inclusive product designs.
Case Innovative soft silicone foam dressing improves the accessibility of high-quality pressure injury care
In response to the high-risk of pressure injuries (bedsores) caused by long-term bed-rest of disabled and semi-disabled people and the elderly, Winner Medical launched a soft silicone foam
dressing, aiming to relieve patients' pain and improve the accessibility of home care. Focusing on products suitable for the elderly and caring for vulnerable groups, this product adopts an integrated
decompression and liquid-absorption design, which is convenient for patients to continue home-based self-care in the hospital. It is cut in a three-dimensional fit for high-incidence areas such as
the sacrum, heels, elbows, and scapulae of patients, ensuring that the dressing closely fits the bony prominence areas, evenly distributes pressure, and effectively prevents exudate leakage. At the
same time, the mild silicone gel adhesive technology is used, which not only provides firm fixation but also has low allergenicity, avoiding secondary damage to fragile skin caused by traditional
tapes and significantly reducing patients' pain during dressing changes.
As a medical consumable with both clinical professionalism and operational convenience, this product has been widely used in diverse scenarios such as hospitals, community health service centers,
and home care, enabling patients to receive high-quality pressure injury protection. Compared with imported dressings of the same performance, this product greatly improves the affordability for
patients. In 2025, the sales volume of Winner Medical's soft silicone foam dressing reached 7.46 million pieces, benefiting over 400,000 users in total. With innovative technology, it lowers the
threshold for high-quality nursing, effectively improves the accessibility and affordability of medical resources, and provides a practical solution for promoting the universal access to medical and
health services.
Winner Medical's soft silicone foam dressing
Winner Medical Co., Ltd.
Winner Medical's silicone absorbent soft dressing: an innovative wound
Case care solution combining universality, environmental friendliness, and Fair and Transparent Pricing
comfort
Winner Medical always integrates the "altruistic" spirit into its business model. Adhering to
To address industry pain points such as obvious pain during removal of traditional the principles of fair, transparent, and reasonable pricing, it is committed to making high-
wound dressings, insufficient exudate absorption, easy wound maceration, and quality medical consumables affordable and accessible while ensuring quality and
environmental pollution caused by discarded dressings, Winner Medical has innovative value. The Company's goal in medical accessibility is to comprehensively
launched a silicone absorbent product series. Through technological innovation, it consider multiple factors such as product R&D investment, clinical value, production cost,
empowers the universal access to wound care, allowing more patients to enjoy safe, supply-chain efficiency, and patients' payment ability, establish a scientific and
comfortable, cost-effective, and environmentally friendly nursing solutions. standardized pricing mechanism, take into account the needs of vulnerable groups and the
This product features a silicone gel contact surface design. The pain during removal economic environment in different regions, and deploy more accessible and universal
is only 1/5 of that of traditional adhesive dressings. It can be slightly and repeatedly products.
removed and attached, effectively reducing secondary damage to fragile skin and
The Company has established a standardized product pricing mechanism at the internal
significantly relieving pain during dressing changes, especially suitable for long-term
treatment and people with sensitive skin. Meanwhile, its core of super-absorbent management level. Through multi-level authority management, it has established a
polymer can absorb 20 times its own weight of exudate and quickly turn into a stable standardized price approval process to prevent illegal price increases at the channel level,
gel after absorption, preventing back-seepage and maceration of the wound, and and reaches terminal hospitals and primary medical institutions with transparent and
creating an ideal moist healing environment. According to feedback from real users, reasonable market prices.
this product significantly reduces the frequency of dressing changes. While
At the same time, Winner Medical actively responds to and deeply participates in the
alleviating the pain of patients and the burden of care, it also reduces the overall
nursing cost and improves the convenience and comfort of home care. centralized volume-based procurement organized by various provinces and municipalities
in the country. In 2025, many of the Company's products were successfully selected in
In addition, this product breaks through the environmental protection bottleneck of multiple large-scale centralized procurement projects such as the 24-province joint
traditional dressings. Compared with most dressings containing super-absorbent
procurement alliance led by Liaoning Province. Relying on the advantages of large-scale
polymers in the market, its super-absorbent polymer layer can be quickly degraded
production and lean manufacturing, the Company realizes reasonable price concessions
through soil accumulation, reducing white pollution at the source. At the same time,
through cost optimization in centralized procurement, lowers the access threshold for
its surface layer uses a degradable nonwoven fabric to contact the wound. On the
basis of ensuring liquid absorption capacity and reducing the risk of wound basic medical consumables, and reduces the economic burden on patients and medical
maceration, it further improves the comfort for patients. institutions.
Winner Medical's silicone absorbent soft dressing
Winner Medical Co., Ltd.
Highlight performance
Expanding Medical Service Channels
In 2025, Winner Medical focused on three core categories: high-end dressings,
Winner Medical continuously expands the terminal coverage of its products in hospitals
and primary medical institutions in underdeveloped areas. At the same time, it promotes operating room medical consumables, and traditional dressings. It carried out 11
the network layout of offline terminal stores, extending high-quality medical consumables professional training and academic promotion activities for frontline medical staff,
to more remote areas. Meanwhile, the Company systematically conducts professional
training programs related to wound care for cooperative chain pharmacies and primary with a cumulative participation of over 6,000 people.
medical staff, improving frontline personnel's product awareness and nursing skills,
ensuring that high-quality products can not only be "delivered" but also "used well". Driven
by both channel sinking and capacity building, Winner Medical enables more users in
remote areas to truly perceive, experience, and benefit from safe, effective, and affordable The "Spark Plan" Lights up the Operating Rooms of Orthopedics and
professional nursing solutions. Case Obstetrics and Gynecology, Promoting the Upgrading of Specialized
Nursing Accessibility
To further improve the balance of medical resources and the accessibility of medical
services, Winner Medical has set clear goals for the channel coverage of medical products
and is steadily advancing relevant work, achieving phased progress: To promote the sinking of high-quality
Winner Medical's
medical resources and respond to the
product channel Highlight performance development trend of operating room
coverage goals: specialization, Winner Medical launched
the "Spark Plan" project in 2025, focusing
Progress in 2025
on the two high-demand specialized
Medical institution terminals:
fields of orthopedics and obstetrics and
By 2027 ,
Winner Medical's products have gynecology. Two special events were held
in Beijing and Tai'an, Shandong
Winner Medical's products will covered 826 hospitals in less respectively. This project enhanced the
cover no less than 900 developed regions across the
awareness, usage standardization, and
accessibility of specialized surgical packs
hospitals in less developed regions country.
in clinical practice by creating benchmark
across the country.
hospitals for specialized surgical packs,
setting up clinical practice sessions, and
interpreting the group standard of Use of
Disposable Surgical Drape. A total of 60 "Spark Plan" in Beijing: Special Session on
Operating Room Innovation and Practice
medical staff related to operating rooms
Promoting Health Education
in Beijing and Tai'an, Shandong
participated deeply in the two events,
Winner Medical actively fulfills its responsibility of health promotion. Through a diversified effectively strengthening the professional
academic promotion approach that integrates classic case analysis, practical training, and value recognition of the products in
clinical practice, it efficiently conveys professional knowledge such as advanced wound specialized scenarios and laying a solid
care and infection prevention and control to frontline medical staff, thereby enhancing the foundation for subsequent in-hospital
primary medical service capabilities. Meanwhile, the Company widely conducts public promotion and clinical popularization.
welfare activities such as free medical consultations, health lectures, and offline interactive
sharing sessions for caregivers, patients, and the public. It spreads scientific nursing "Spark Plan" in Tai’an: On-site Interpretation
of the Group Standard of "Use of Disposable
knowledge and health concepts in an easy-to-understand way, effectively contributing to Surgical Drape"
the improvement of the public's health literacy.
Winner Medical Co., Ltd.
Winner Medical Conducts Public Welfare Campaign on World Filling the Industry Gap: The Launch of the First Domestic Multi-
Case Case center Health Economics Research on Disposable Surgical Packs,
Pressure Injury Prevention Day to Improve Primary Care Accessibility
Strengthening the "First Line of Defense" for Infection Control
In November 2025, taking the "World Pressure Injury Prevention Day" as an
Against the backdrop of rising medical costs and increasing pressure on infection
opportunity, Winner Medical simultaneously carried out public welfare campaigns on
prevention and control, the value of basic consumables, as the "first line of defense
pressure injury prevention in medical institutions across the country. We actively
for infection control", has been underestimated for a long time. Especially in the
responded to the global health initiative, promoted the extension of high-quality
high-cost and high-risk core scenario of the operating room, there is a lack of
nursing resources to patients and caregivers, and effectively improved the
systematic health economics evidence based on real-world data. To address this
accessibility and practical ability of pressure injury prevention and treatment
industry pain point, Hainan Boao Medical Innovation Research Institute, CN-
knowledge.
Healthcare, and Winner Medical jointly launched the "Multi-center Health Economics
During the event, the Company, in cooperation with the hospital's pressure injury Research Project on Disposable Surgical Packs", which is the first authoritative health
management team, carried out free medical consultations and popular science economics research in China targeting the entire life cycle of low-value medical
education for medical staff, patients, and their families. It guided patients on the consumables. This project adopts a multi-center and multi-specialty design, covering
correct use of decompression devices and wound care products through on-site disposable surgical packs for common surgical procedures such as urology and
medical consultations. At the same time, it systematically explained the causes of thoracoabdominal surgeries. By collecting real-world data, it conducts entire
pressure injuries, identification of high-risk groups, daily prevention points, and lifecycle cost calculation and benefit analysis from the dimensions of medical safety,
family care skills in the form of classroom sharing, strengthening the concept of efficiency, and cost, providing scientific and quantifiable decision-making basis for
"early prevention and early intervention". hospital managers.
To support frontline care practice, Winner Medical simultaneously donated medical From the perspective of health economics, the research results on the application
and nursing supply packages worth a certain amount, including professional effect, cost-effectiveness, and impact on medical safety of disposable surgical packs
products such as skin nutrition oil and soft silicone foam dressings, benefiting a total in hospitals can not only help hospitals optimize procurement decisions and reduce
of 1,050 medical staff and patients. Through this campaign, Winner Medical not only operating costs but also promote the sustainable development of the medical
conveyed scientific nursing knowledge but also directly delivered high-performance industry and improve public health well-being.
and user-friendly products to those in need, contributing to the construction of a
pressure injury protection closed-loop from the hospital to the family.
Contributing to the Development of the Health Industry
Winner Medical has always taken it as its responsibility to promote the high-quality
development of the health industry. Looking globally, it continuously supports domestic
and foreign clinical experts in conducting scientific research, actively participates in
professional academic conferences, and voluntarily shares research results with global
medical peers, academic institutions, and the public, including real-world data analysis,
The Launch of the First Domestic Multi-center Health Economics Research on Disposable Surgical Packs
cost-effectiveness evaluation, and health economics research, constantly contributing
wisdom and strength to improving global health accessibility and medical quality.
Winner Medical Co., Ltd.
Improve Service Quality
Winner Medical always regards customers as the core partners for the Company's sustainable development and firmly believes that excellent customer service is the key to delivering brand value and
establishing long-term trust. Guided by the principle of "Product Leadership, Operational Excellence", the Company has built a more proactive, efficient and warm-hearted customer service system through
deepening service process optimization, empowering with intelligent technologies and data-driven closed-loop management.
Customer Relationship Management
The customer management work of Winner Group has been incorporated into the Company's overall governance framework, with strategic supervision by the board of directors and direct leadership from
the senior management. As a full-time service management department, the Comapany's customer service department is responsible for the systematic operation of customer service work. Through the
construction of a professional team, the establishment of standard processes and the application of intelligent tools, it comprehensively improves service capabilities and efficiency. The Company's
Sustainable Development Steering Group regularly reviews the key performance and strategic direction of customer service to ensure that the service quality goals are in line with the sustainable
development strategy. The board of directors has set up a Strategy and Sustainable Development Committee to review and supervise major strategic matters related to the Company's customer
relationship management, providing top-level governance guarantees for the continuous improvement of service quality.
In terms of team building and talent development, the Company has established a comprehensive system covering pre-job training, on-the-job practical training, regular assessments, and competency
certifications. In 2025, we focused on a series of professional trainings such as strategic product knowledge empowerment and sales skills improvement. We also launched the "Star Certification" for
customer service and the training program for team leaders of the "Unclaimed Plan", aiming to build a professional echelon that is proficient in both products and service.
In the construction of processes and systems, the Company continuously improves and We attach great importance to the professional and warm-hearted construction of the
optimizes internal operating specifications such as the Pre-Sales, In-Sales, and After-Sales Company's customer service team. We encourage customer service staff to obtain the
Service Procedures to ensure that all service actions in the entire link from customer professional infant care certifications to enhance the service temperature with the empathy
consultation, order processing to after-sales follow-up are well-regulated and have unified of "understanding what mothers need", making professional services closer to the voices of
standards. At the same time, we actively explore how technological innovation and in- consumers. As of the end of the reporting period, the percentage of employees with
depth application can empower service management. By introducing intelligent quality professional infant care certifications in the customer service team reached 80%.
inspection systems and automated tools, we have greatly improved the efficiency and
quality of services.
Proportion of customer service team employees
with professional infant care certifications
We introduced an intelligent quality inspection system
and established a mechanism for intercepting prohibited
words and alerting for keywords to eliminate service 80%
Intelligent Quality risks from the source. We also ensure timely escalation
Inspection and Risk Control and closed-loop processing of risk issues. 45% 51%
We have widely deployed RPA (Robotic Process
Automation) tools to achieve automation in 28 high-
frequency scenarios such as re-issuing order messages,
Efficiency Improvement modifying order information, and data review. 2022 2023 2024 2025
with Automated Tools
Winner Medical Co., Ltd.
Customer Communication Channels
The Company adheres to the service concept of "from the heart, consistency, and exceeding expectations" and shifts the service model from passive response to active insight and anticipation. We have
established a regular channel and mechanism to receive and process customer feedback.
For different customer groups, the Company has established diversified feedback channels:
Customers can submit their opinions and feedback at any time
through the customer service hotline, the exclusive service of "one
Consumers can submit their opinions and feedback to us at any group for one customer" on enterprise WeChat, and the customer
time through the online customer service of various e-commerce communication function in the order system. In addition, we
For general platforms, the 400 hotline (400-1300-888), and store guides. For business systematically collect the voices of partners through the customer
consumers customers service function of the B2B mall, daily customer visits, annual dealer
conferences, and special online satisfaction survey forms.
The Company has systematically built an online-offline integrated Voice of Customer (VOC) collection and analysis network and achieved remarkable results in improving customer service. This year, we
added the VOC from stores and innovatively built a store invitation evaluation and work order feedback system, collecting more than 10,000 offline customer voices throughout the year.
In 2025, through online and offline VOC, we successfully promoted the implementation of more than 140 optimization items, covering multiple fields such as operation management, logistics distribution,
product development, and quality control. Among them, we made outstanding progress in improving the product quality of textile products, effectively solving long-standing product pain points such as
holes in disposable underwear, lint shedding from terry towels, and degumming of seamless underwear. These structured customer feedback data have become the core decision-making basis for driving
the Company's product iteration, operation optimization, and service upgrading, forming a complete closed-loop management mechanism of "customer feedback-data analysis-improvement
implementation-effect verification".
Winner Medical Co., Ltd.
Highlight Performance
Customer Complaint Handling
Customer complaint 48-hour work-order closure rate for
response rate customer complaints
Winner Group formulates the Complaint Handling Process in accordance with GB/T 19012- In 2025
organizations. For the medical sector, we also follow the ISO 13485 medical device quality
management system and specific regulatory requirements of various sales countries (such
as the United States, the European Union, and Brazil) to establish the Customer Complaint
Handling Process to ensure that complaint handling meets the highest regulatory Customer Satisfaction Management
standards and product safety requirements.
The Company attaches great importance to the quantitative management and continuous
We regard complaints as valuable opportunities to improve services and have established
improvement of customer satisfaction. It is regarded as a key performance indicator to
a clear, efficient, and closed-loop complaint handling mechanism.
measure service quality and drive internal improvement, and multiple proactive measures
are taken to ensure the achievement of the target.
Quick response and graded handling Service process optimization Refinement of communication scripts
After a complaint occurs, we strive to make the first response and comfort within 30 • Establish a "escalation upon dissatisfaction" • Build a scenario-based response
mechanism for complaints: An innovative framework: This involves establishing a
minutes. We start the graded handling process according to the severity of the problem to
full-link closed-loop process has been comprehensive response library covering
ensure that major complaints can be immediately escalated to management and the established for complaint handling. When key scenarios such as product inquiries,
emergency mechanism can be activated. the system detects that a customer clearly after-sales support, and logistics tracking,
expresses dissatisfaction, it will based on an in-depth analysis of vast
automatically transfer the case to a amounts of customer service dialogue data.
Problem verification and tracking dedicated senior customer service
representative for follow-up. A dedicated • Deepen emotion-adapted communication:
person will be assigned to be fully Rely on the intelligent system to analyze
The customer service or the dedicated complaint handling team will cooperate with
responsible for problem-solving until the customer emotions, develop professional
departments such as after-sales, logistics, and quality for a comprehensive verification. scripts suitable for different emotional
case is closed.
They will clearly explain the reasons to the customer based on facts and provide practical responses, and focus on iterating the special
solutions, and track the implementation throughout the process until the problem is finally • Optimize the order expediting process: response strategy for negative emotions,
Implement fine-grained management of the making customer service communication
solved. shipping process, adopt differentiated more empathetic and targeted, and
follow-up strategies according to the effectively improving the customer
Review and closed-loop management urgency of orders, and synchronize with experience at the communication level.
customers through a standardized reminder
mechanism, which improves the efficiency
Monthly summarize customer complaints and improvement suggestions, analyze the root and transparency of order fulfillment.
causes of high-frequency issues, and promote common problems to the corresponding
departments (such as product, R&D, quality, operations, logistics, etc.) for improvement. By Application of intelligent tools
establishing a case library for shared learning, a preventive management closed-loop of
• Deploy an intelligent emotion monitoring system: Introduce advanced tools to conduct real-time
"handling-review-optimization" has been formed. emotion recognition throughout the customer service communication process. When negative
emotions are detected in the customer's tone, an immediate warning will be triggered to prompt
customer service representatives and managers to adjust the communication strategy in time and
In 2025, the 48-hour work-order closure rate for customer complaints reached 94.4%, and intervene for guidance, realizing pre-risk management.
the response time for major public opinions was controlled within 30 minutes. Through • Build an active logistics early-warning system: Establish a full-link logistics monitoring platform to
special training and process optimization, the customer complaint settlement rate of dynamically track each link of the order from shipping to delivery. Automatically issue early
independent third-parties (referring to the 315 Consumer Green Channel) has been warnings and coordinate interventions for potential abnormal situations, and actively inform
customers of the processing progress, constructing a closed-loop management from passive
significantly improved, which proves the effectiveness of our customer complaint
response to active service.
mechanism.
Winner Medical Co., Ltd.
Through the optimization of service processes, the refinement of communication scripts, All marketing content released externally, including advertisements,
and the in-depth application of intelligent tools, we have systematically promoted the official website and social media information, must go through the joint
upgrade of the customer experience. The Company has set clear goals for improving review of departments such as the Compliance Department, Quality
Department, Brand Department, Securities Department, and Commodity
customer satisfaction and follows up on the achievement through daily monitoring and Center. Each department strictly checks in terms of legal compliance,
regular analysis. In 2025, the overall customer satisfaction of the Company reached 93.98% Pre-event joint data accuracy, expression appropriateness, and information authenticity
review based on laws, technology, brand, and disclosure specifications, ensuring
Business segments 2025 Satisfaction rate 2026 Satisfaction target
Medical Consumables 96.7% No less than 96%
Real-time monitoring is carried out on marketing activities and user
In-event dynamic interaction content on digital channels (including social media) to ensure
Consumer Goods 91.85% 93%
monitoring compliance with platform specifications and applicable laws.
In addition, the improvement of customer satisfaction is also reflected in the optimization
Regularly evaluate marketing content and methods to ensure that the
of key operational indicators. In 2025, the negative review rate and customer complaint information communicated with consumers is scientific, objective, and
rate decreased year-on-year, and the online return rate of textile products was better than balanced. In particular, a special review mechanism is established for
the industry average. Post-event evaluation product function claims to prevent the risk of false publicity from the
and optimization source.
Responsible Marketing To standardize the Company's external communication information behavior, the Company
regularly conducts responsible marketing training for employees to ensure that they fully
Winner Group regards responsible marketing practices as the cornerstone of safeguarding understand and are familiar with the requirements of responsible marketing. The training
consumer rights, shaping an excellent brand, and ensuring long-term value. We strictly content includes illegal situations that are likely to occur in e-commerce advertisements, as
abide by laws and regulations such as the Anti-Unfair Competition Law of the People's well as relevant policies and systems for the Company's external communication, ensuring
Republic of China, the Advertising Law of the People's Republic of China, the Consumer that employees are familiar with and abide by the Company's systems, eliminating false
Rights and Interests Protection Law of the People's Republic of China, the E-commerce and exaggerated publicity in business activities, standardizing brand-related content, and
Law of the People's Republic of China, and the Anti-Monopoly Law of the People's Republic jointly maintaining the Company's brand and reputation. In 2025, we carried out multiple
of China, as well as applicable laws and regulations in the locations where our overseas training sessions for business teams such as brand, commodity, customer service, e-
businesses operate. We adhere to the principle of fair competition and are committed to commerce, and overseas, with a participation rate of over 98%, comprehensively improving
ensuring that all marketing content is true and accurate through honest, transparent, and the ability of relevant personnel to identify and prevent marketing compliance risks.
compliant market activities, resolutely eliminating all unfair competition behaviors. By establishing and improving the competition compliance system, the Company
We have established and continuously improved a systematic marketing content effectively avoids the reputation and legal risks that may be brought by unfair competition
governance and risk prevention and control system. The Company has formulated internal behavior, ensuring that the information disclosed externally and product information are
management systems such as the Code of Business and Ethical Conduct for Employees, the true and reliable. During the reporting period, Winner Group did not have any violations of
Content Review System, and the Purcotton Advertising and Promotion Guide Manual, and product and label information or marketing and publicity, nor did it face any lawsuits or
the Responsible Marketing Policy in 2025, providing more detailed and operational major administrative penalties due to violations of laws and regulations in compliance
behavioral guidelines for all employees and partners. In addition, to continuously improve marketing.
the Company's awareness and ability of fair competition compliance, the Company joined We attach great importance to the continuous optimization of the marketing compliance
the Shenzhen Enterprise Competition Compliance Working Alliance in 2025 and actively system and incorporate responsible marketing audits into regular supervision. In 2025, the
referred to the Implementation Guidelines for the Construction of the Fair Competition Company has completed the planning of special audit work and plans to conduct
Compliance System of Shenzhen Enterprises to optimize internal compliance management systematic reviews and risk assessments of the Company’s marketing activities starting
work, deeply integrating the concept of preventing unfair competition and maintaining a from 2026, continuously improving the level of marketing compliance and ensuring that
fair market environment into all aspects of the business. the Company's operations always meet the standards of laws, regulations, and business
ethic
Winner Medical Co., Ltd.
Strictly Adhere to Chemical Safety
Winner Group always adheres to the core concept of "Close to medical science with pure cotton care". We understand the safety of chemical substances in products is directly related to human health and
the natural ecological environment. Therefore, we have placed chemical risk management at the forefront of product R&D and supply chain management, established a product strategy of "completely
eliminating harmful chemical substances", and integrated chemical risk management throughout the entire process of product design, production and operation, and supply chain collaboration. Through
the continuous improvement of its own management system and the requirements and guidance for supply chain partners, the Company is committed to effectively identifying and managing chemicals
throughout their life cycle and continuously exploring the path of chemical elimination to reduce the impact on the environment, health, and safety.
Chemical Safety Management
The Company attaches great importance to chemical safety management, formulates and implements management systems and operating specifications such as the Chemical Management Policy, and
strictly regulates the daily management of chemicals from procurement, storage, transportation, use to waste disposal.
Admission Requirements Drawing & Usage
• Purchased chemicals must comply with relevant national standards and possess valid • Implement the principle of “drawing only what is needed” to avoid excessive storage of
Safety Data Sheets (SDS/MSDS). chemicals in the workplace.
• Priority is given to procuring chemical agents with ZDHC MRSL conformity certificates. • Strict registration is required upon withdrawal of chemicals, and safe operating
• Strictly verify information such as the chemical name, safety labels, and SDS/MSDS procedures must be strictly followed during use.
before acceptance and warehousing. • Chemical usage areas should be equipped with appropriate fire-fighting equipment
and spill emergency response facilities to ensure timely handling of emergencies.
Storage & Custody Transportation & Handling
• Chemicals must be stored in dedicated warehouses or areas under the management of • Use dedicated tools or vehicles for internal transportation of chemicals, implementing
designated personnel. anti-slip and anti-leakage measures.
• Store chemicals based on their physical/chemical properties and hazard characteristics • Only trained personnel are permitted to handle hazardous chemicals.
through classification, zoning, and separate storage to prevent chemical reactions or
safety incidents due to mixed storage.
Waste Disposal
• Warehouses are equipped with sufficient safety facilities and signs, including fire-
fighting equipment, spill response materials, and sprinkler systems, to mitigate risks • Collect chemical waste separately, store it in designated special containers, and affix
such as chemical leaks. hazardous waste labels correctly.
• Strictly control inventory levels, adhering to the principle of “zero inventory” or • All hazardous waste is entrusted to qualified professional units for disposal, ensuring
“minimum inventory.” the process complies with environmental protection and safety requirements.
• Warehouse management personnel conduct daily safety inspections to ensure a secure
and controllable chemical storage environment.
Winner Medical Co., Ltd.
Management Specifications Chemical Management of Suppliers
The Company strictly complies with the laws and regulations related to chemical safety The Company attaches great importance to the chemical safety management of the supply
applicable in the operation area and benchmarks against international advanced industry chain and extends the requirements for the use of environmentally friendly and safe
standards. These include China's "Guidelines for the Use and Control of Key Chemical chemicals to upstream partners. In the chemical procurement process, we clearly require
Substances in Consumer Products" (GB/T 39498), Basic Safety Technical Specifications (GB suppliers to comply with the prohibition and limitation requirements of chemical
Authorization and Restriction of Chemicals" (REACH), "Directive on the Restriction of the give priority to the selection of chemicals that have passed the MRSL compliance
Use of Certain Hazardous Substances in Electrical and Electronic Equipment" (RoHS), etc. certification and require chemical suppliers to provide proof documents that their products
The Company formulates and implements the "Manufacturing Restricted Substances List meet the requirements of the ZDHC MRSL, ensuring that the source of chemicals is
(MRSL)", clearly listing the prohibited and restricted substances, including alkylphenols controllable and the information is transparent.
(APs), ethoxylates (APEOs), allergenic disperse dyes, carcinogenic dyes, etc., to ensure that
Meanwhile, the Company incorporates chemical management into the supplier ESG
products comply with relevant standards for the prohibition and restriction of chemicals.
management system. In the annual ESG special review of key suppliers, chemical
management evaluation content is set up. The focus is on examining the chemical
Technological Innovation management system established by suppliers and the operational measures taken in
compliance with laws and industry norms in the links of storage, use, and waste disposal.
The corresponding evaluation results will be an important reference for supplier
The Company has successfully broken through the technology of fluorine-free performance evaluation, used to promote continuous improvement and cooperation
waterproofing for pure cotton products. It uses environmentally friendly fluorine-free upgrading, and to promote the joint improvement of the chemical safety level of the
materials to replace traditional waterproofing agents containing PFAS (perfluoroalkyl and upstream and downstream.
polyfluoroalkyl substances), significantly reducing environmental impact and human health
risks. At the same time, the Company continuously conducts research on the technology of
zero-addition of fabric softeners. Through the physical air-beating process, the fabric
achieves a soft effect, reducing and gradually replacing the use of traditional chemical
fabric softeners.
Product Application
Relying on full-process control and technological innovation, the Company's products are
free from the addition of various harmful chemical substances such as formaldehyde and
fluorescent whitening agents, and have passed safety testing and certification. This
ensures that our products are harmless to humans and friendly to the environment
throughout the entire cycle from production to use.
After tracking and accounting, during the reporting period, all products of the Company do
not contain restricted/hazardous chemical substances or chemicals related to substances
of very high concern (SVHC) under the REACH regulation.
Winner Medical Co., Ltd.
Chemical Risk Assessment
In response to the development of new products and the iterative optimization of the existing product portfolio, the Company has established and continuously improved a risk assessment system for the
impacts of chemical substances on the environment and human health to ensure that products meet the requirements of safety, compliance, and environmental protection. The Company strictly adheres to
relevant domestic and international product and consumer goods regulations, as well as applicable laws and regulations in the export countries/regions. At the same time, it benchmarks against advanced
industry standards and compliance requirements of relevant parties to conduct risk assessments on the chemical substances that may be contained in products. The specific process is as follows:
During the product R&D stage, comprehensive testing and verification are carried out on
If potential hazardous chemical substances are found in product evaluation and testing,
key safety indicators of new products, such as biocompatibility (i.e., product safety/toxicity
assessment), REACH&RoHS compliance, content of hazardous chemical substances, and even if their content is within the regulatory limits, the Company adheres to the principle of
MSDS (Material Safety Data Sheet), to identify whether there are potential hazard risks in "active elimination and green substitution" and actively develops product substitution
the products. solutions that are harmless to human health and friendly to the ecological environment.
Combining the actual usage scenarios of products and the target user groups, the Case Purcotton "Safe Products" Practices
potential risk exposure routes and exposure intensities of chemical substances are
evaluated. Especially for products such as pure cotton wearable items and personal care
products, the risks of direct contact, long-term attachment and penetration of chemical Purcotton Pure Cotton Tissue: Reject Harmful Additives at the Source
substances with human skin are mainly evaluated. Attention is paid to the scenarios where
chemical substances are in direct, large-area and long-term contact with human skin. The As a core product category, Purcotton pure cotton tissues are made of 100% high-
migration amount and absorption rate under different usage conditions are evaluated and quality cotton. During the raw material processing and spunlace nonwoven fabric
tested to identify potential cumulative exposure risks. forming process, we strictly prohibit the use of chlorine-containing bleaching agents.
The products have passed strict testing to ensure zero addition of fluorescent
brighteners and formaldehyde, providing safety care rooted in exacting medical
standards for sensitive skin and newborns.
Based on the product safety thresholds required by national regulations and industry
Purcotton Baby Clothing: Exceed the Safety Bottom Line of Textiles
standards, the Company sets safety thresholds for key chemical indicators in products that
are equivalent to or stricter than those required by regulations and industry standards. For Considering the higher sensitivity of babies to chemical substances, the Purcotton
example, for baby products, the Company fully implements and exceeds the requirements Baby Clothing product line completely bans the use of azo dyes, allergenic disperse
of the national standard GB 31701 Class A (infant products) and benchmarks against the dyes, and alkylphenol ethoxylates (APEOs/NPEOs) with environmental hormone
highest international ecological textile standards (such as OEKO-TEX Standard 100 Class
effects in the dyeing and printing process. For auxiliary accessories (such as snap
I) to ensure the safety of sensitive user groups.
buttons), the residues of heavy metals such as nickel, lead, and cadmium are strictly
limited. The core baby textiles have all passed the international authoritative OEKO-
TEX Standard 100 certification, ensuring that any trace of potentially harmful
chemical substances is within the absolute safety boundary.
Winner Medical Co., Ltd.
Sustainable Supply Chain
To build a sustainable and responsible supply chain management system, Winner Group takes the ESG concept as the core driving force and continuously promotes the standardization and normalization of the supply
chain. The Company is committed to working with partners to build a compliant, fair, and transparent cooperation ecosystem, creating a "win-win chain" of value co-creation and collaborative progress to empower the
high-quality and sustainable development of the industrial chain.
Supply Chain Management System
The Company has built a closed-loop management system for supplier access, screening, evaluation, and elimination by formulating and implementing systems such as the Supplier Management Procedure, the
Production-type Material Supplier Management Procedure, and the Supplier Performance Appraisal Management. It also incorporates ESG indicators such as environmental compliance, labor rights, and business ethics
into the core evaluation dimensions, continuously improving the suppliers' sustainable development practice capabilities, and continuously improving the supply chain risk identification and early-warning mechanism to
achieve the standardization and refinement of supply chain management.。
Supply Chain Management Structure
Winner Group is committed to continuously optimizing its sustainable supply chain management system. This cross-departmental collaboration and process management ensure that ESG requirements
As the highest decision-making body of the Company, the Board of Directors is fully responsible for are deeply integrated into all aspects of procurement and the supply chain to enhance the
coordinating the sustainable development strategy and major issues, including the ESG management of resilience, transparency, and sustainable development level of the supply chain.
the supply chain. The Board has established a Strategy and Sustainable Development Committee, which is
During the reporting period, the Company formulated and officially released the Supplier Code of
specifically responsible for supervising the formulation and implementation progress of the supply chain
ESG management goals.
Conduct, clearly incorporating ESG requirements such as human rights and labor, health and
safety, business ethics, and environmental protection into the contract terms with suppliers. The
At the management execution level, the Company has established the Sustainable Development Leader Company reviews and evaluates supplier performance based on this code. For suppliers that fail
Group, under which the Supply Chain Task Force is set up to ensure the comprehensiveness and to meet the code requirements, Winner Group reserves the right to suspend the awarding of new
effectiveness of supply chain management. This Task Force is led by the Supplier Management business or terminate existing cooperation agreements. At the same time, we encourage
Department and collaborates with functional departments such as the Quality Management Center, the suppliers to implement the same standards in their own supply chains, extending the sustainable
Commodity Center, and the Supervision and Audit Department to be responsible for implementing the development requirements in the Supplier Code of Conduct upstream in the value chain to jointly
following key aspects: build a responsible supply chain ecosystem.
Supplier Access
Ensure the selection of suppliers that meet ESG requirements.
Assessment
Highlight Performance
ESG Risk Systematically identify and proactively manage potential environmental, social, and
Identification governance risks in the supply chain.
Regularly conduct compliance checks on suppliers to ensure they meet relevant
In 2025, 87% of Winner Group's production-type material suppliers had signed
Compliance Audit
regulatory requirements. the Supplier Code of Conduct 6
Performance
Evaluation and Monitor supplier performance through a performance evaluation mechanism and
Continuous promote their implementation of continuous improvement. 6 During the reporting period, both overseas suppliers and suppliers slated for cooperation suspension within the Company's medical business
Improvement segment have not yet signed the Company's Supplier Code of Conduct.
Winner Medical Co., Ltd.
Supplier Screening and Onboarding Supplier Assessment and Audit
The Company strictly adheres to the principles of fairness, openness, environmental impact characteristics of the supplier's industry), and The Company has established and continuously improved a scientific
and impartiality. At the new-supplier onboarding stage, it commodity-specific risks (e.g., potential quality and safety issues of the and standardized supplier audit and performance evaluation system to
comprehensively evaluates potential suppliers' performance in terms of supplier's products or materials) into the assessment scope, promoting achieve systematic management of the entire supplier lifecycle. Supplier
qualification certification, technical capabilities, quality assurance, the early identification of supply-chain risks and differentiated evaluation and audit mainly take place at the new-supplier onboarding
management measures to ensure supply-chain stability.
production levels, and business reputation through methods such as stage and the annual audit stage for existing suppliers. This year, in
document review, preliminary qualification review, and on-site addition to comprehensively covering factors such as product quality,
inspections. On this basis, we also incorporate ESG factors such as labor delivery capabilities, and cost control, the Company has also optimized
human rights, health and safety, business ethics, and environmental the evaluation criteria for supplier social responsibility and
protection management into the onboarding review of all new suppliers, Supplier Onboarding Assessment Process environmental assessment, incorporating ESG-related requirements for
with ESG review and evaluation accounting for 10% of the total weight special evaluations to ensure that suppliers are in line with the
to promote sustainable procurement decisions. Basic Information Collection Company's strategic development in terms of compliance and
sustainable development capabilities.
The supplier onboarding review work is led by the Supplier Management • Collect basic information about potential suppliers, including
Department, in conjunction with relevant departments such as Quality company profile, qualification documents, and financial status. In terms of supplier social-responsibility audits, the Company always
Management and R&D. Based on relevant institutional documents such places human-rights protection and occupational safety at the core,
as the New Supplier Onboarding Review Specification, comprehensive Business Qualification Review strictly examining whether suppliers adhere to the "zero-tolerance"
reviews of new suppliers are carried out on-site or online to ensure that • Verify information and conduct desktop assessments using public
bottom line and resolutely eliminating child labor and any form of forced
new suppliers meet the Company's requirements in terms of compliance platforms, and screen suppliers for risks to eliminate major labor. At the same time, it evaluates the implementation of basic labor
and sustainable development capabilities. compliance and operational qualification risks. rights such as fair compensation and benefits, compliance with legal
• Arrange sampling for suppliers who pass the initial qualification working hours, and respect for employees' right to freedom of
review. After sample completion, conduct preliminary evaluations association, and examines the health and safety management of the
Highlight Performance on craftsmanship and cost to ensure potential suppliers meet workplace to ensure that suppliers provide healthy and safe working
basic cooperation requirements. conditions for their employees.
In 2025, Winner Group conducted ESG assessments on
On-site Assessment In terms of supplier environmental audits, we focus on examining the
new production-type material suppliers, with a coverage
construction of the supplier's environmental management system,
rate of 100% • In principle, conduct on-site assessments for all new suppliers
before formal cooperation, covering equipment, production
evaluating the implementation of pollutant control such as the
standardized disposal of waste and the compliance of wastewater
environment, quality system certification, and commercial
reputation. Conduct a dedicated ESG audit (covering human
discharge, and assessing their energy-management capabilities and the
rights & labor, health & safety, environment & society, and construction of carbon-emission data collection and accounting systems.
At the same time, the Company continuously strengthens the risk business ethics dimensions), with ESG assessment accounting for
In terms of supplier governance audits, the Company takes business
assessment of potential supplier resources to support scientific
ethics and compliant operations as the core, strictly examining whether
hierarchical and classified management. Based on comprehensive • For new suppliers rated as requiring rectification, the company’s
supplier management department issues a corrective action
suppliers have engaged in illegal activities such as corruption, bribery,
consideration of key dimensions such as material categories,
notice, requesting rectification and feedback. The review panel and unfair competition.
procurement strategies, business relevance, and environmental, social,
then re-evaluates based on the rectification results.
and governance performance, the Company divides suppliers into four
levels: strategic suppliers, significant suppliers, general suppliers, and
suppliers under review. At the supplier screening and onboarding stage, Signing of the Agreement
in addition to conventional evaluation dimensions, the Company also • Suppliers rated as qualified are added to the Approved Supplier
incorporates risk factors such as country-specific risk (e.g., political List and must sign agreements such as the Integrity Commitment
stability, legal environment, and compliance regulatory level of the Agreement and Supplier Code of Conduct to clarify the rights and
country or region where the supplier is located), sector-specific risks obligations of both parties.
(e.g., labor-intensity, occupational health and safety conditions, and
Winner Medical Co., Ltd.
Supplier ESG Assessment To deepen the construction of a sustainable supply chain, Winner Group continuously
expands the coverage of the annual ESG audit of suppliers. It has set clear annual ESG
In the daily management of suppliers, at the end of each quarter, the Company strictly assessment coverage targets and promotes implementation in stages and with key
conducts performance evaluation and grading work in accordance with the Supplier focuses:
Performance Management System, and updates the supplier list in a timely manner. The
evaluation results serve as an important basis for the annual supplier cooperation level
Annual Supplier ESG Assessment
assessment. Every year, the Company formulates an annual audit plan. A review team is Progress in 2025
Coverage Target
jointly formed by the Company's Supplier Management Department, Quality Management
Center and other departments. In the form of second-party on-site audits, a special ESG By 2027, 100% of key Tier-1, Tier-2, and 20% of key Tier-1, Tier-2, and strategic
review is carried out on suppliers included in the annual audit scope to continuously strategic suppliers will undergo annual suppliers completed annual ESG
improve the overall compliance level and sustainable development ability of the supply ESG assessments assessments
chain.
Content of the ESG assessment for suppliers
The Company establishes the ESG audit and improvement mechanism for suppliers.
• A safe and healthy working Through on-site assessments, it identifies the positive practices and non-compliant matters
• Prohibition of child labor and environment
forced labor
• Equip and maintain safety
of suppliers and retains relevant supporting evidence. For the non-compliant items found
• Fair and legal compensation and facilities and equipment in the audit, the Company issues the Improvement Form for Non-compliance in Supplier
benefits • Identification and protection of On-site Review, clarifies the rectification requirements and corrective action plan (CPA),
occupational disease hazards
• Oppose discrimination and and urges suppliers to complete the rectification within the specified time limit. At the same
harassment • Chemical safety management
• Formulation and drill of time, the Company's Supplier Management Department cooperates with the Quality
• Comply with legal working hours
and overtime regulations
emergency response plans Management Center to verify the rectification effect of suppliers to ensure that the non-
• Safety and hygiene guarantee of
• Respect employees' freedom of dormitories and canteens
compliant issues are rectified in place and a management closed-loop is formed,
association
• Training and Education continuously improving the ESG management level of suppliers. For suppliers that fail to
complete the rectification within the specified time limit or still fail to meet the qualified
Human Rights Health and standards after rectification, the Company will terminate the cooperation and eliminate
ESG them in accordance with the management regulations.
and Labor Safety
Assessment
Dimensions During the reporting period, the Company carried out ESG assessments on 34 significant
Environment and
Business Ethics suppliers and did not find any suppliers with significant potential negative impacts in terms
Social Friendliness
of environment, society and governance.
• Environmental management
system certification
• Anti-corruption
• Pollution prevention and control
• Fair competition
• Compliance disposal of waste
• Compliant operation
• Carbon emission data
• Energy conservation and utilization
Winner Medical Co., Ltd.
Supply Chain Risk Management
Facing the complex and volatile global business environment, the Company continues to improve its supply chain risk assessment and early warning mechanism, dynamically monitors changing trends of external factors such as
geopolitics and market fluctuations, systematically identifies and assesses potential risks including material supply security, dependence on key resources, and logistics disruption, so as to ensure the stability, continuity and
compliance of the supply chain. In 2025, the Company further deepened supply chain risk management and control, focused on ESG management, strengthened internal and external collaboration, and comprehensively improved the
resilience of the supply chain.
During this reporting year, for external management, the Company officially introduced the Supplier Code of Conduct and implemented ESG assessments, incorporating environmental, social and governance requirements into the
supplier access and evaluation system. It also helped suppliers improve their compliance awareness and responsible practice capabilities through training and empowerment, effectively turning ESG management into a frontline
defense for supply chain risk prevention and control.
For internal management, the Company continues to optimize the supply chain risk management and control system, improves the efficiency of risk monitoring and response based on digital construction, and strengthens the
professional capacity building of personnel in supply chain-related posts, continuously consolidating the safety defense line of the supply chain.
Winner Medical conducts an annual special
Improve the Supply Chain Risk Control System Case
training on supply chain security
Build a supply chain compliance system and a hierarchical risk control system. According to the In 2025, Winner Medical organized an annual special training on supply chain
established annual internal control plan, the Company's supervision/audit department is security for employees in supply chain-related positions. The training content
responsible for the Company-level strategic compliance review, and the supply chain is responsible focused on modules such as the core definition of supply chain security, risk
for business-level risk control such as procurement, production, and logistics. The two cooperate response mechanisms, and practical cases of the Company's supply chain security
to establish a KCP (Key Control Point) risk map covering the entire supply chain to achieve
prevention and control. It deeply analyzed the identification logic and response
accurate risk positioning and hierarchical control. The Company relies on the PDCA management
mechanism and the hierarchical early-warning system to continuously promote the closed-loop
strategies for typical supply chain risks. Combining the Company's actual
management of risk identification, problem rectification, improvement verification and result management experience, it mainly shared the supply security guarantee of trade
feedback, and formulates and implements pre-action plans to comprehensively enhance the materials, the closed-loop control of defective products from suppliers, and the
supply chain's risk prevention and control ability. practical specifications and effectiveness of supplier spot checks. Through a
combination of theoretical lectures and real-scenario reviews, this training further
Deepen Digital Empowerment helped employees deepen their understanding of supply chain risks and their
professional ability in risk prevention and control.
Rely on digital tools and data analysis technologies to continuously optimize the supply chain
management system. By launching the SRM supplier management system, the qualification review
and access processes for new suppliers are fully operated online, promoting the transparent and
standardized operation of the processes and effectively preventing and avoiding supply chain
compliance risks in the access link. At the same time, the system opens up the data link and builds
a traceable system covering the procurement, warehousing, and usage of multi-level materials,
ensuring that the source of raw materials can be traced, the destination can be tracked, and the
quality can be controlled.
Strengthen Professional Capacity Building
The Company organizes employees to participate in supply-chain security-related
training annually, covering content such as supply chain risk identification and
The scene of the special training on supply chain security
response methods. Through forms such as theoretical teaching and case analysis, it
continuously improves the risk awareness and professional qualities of employees in
key positions such as procurement and production, laying a solid talent foundation for
the construction of supply chain resilience.
Winner Medical Co., Ltd.
Collaborative Development of the Supply Chain
Supplier ESG Capability Development
Winner Group focuses on the collaborative development of the supply chain and continuously strengthens its
internal and external sustainable development capabilities through two-way empowerment. Internally, it To help improve the sustainable development ability and risk prevention level of the supply
systematically reshapes the team's professional ability in green procurement, laying a solid foundation for talent chain, Winner Group actively organizes suppliers to carry out ESG capability building
in the green transformation of the supply chain. Externally, it builds a platform for the exchange of ESG activities, including ESG publicity and training, supplier conferences, carbon management
knowledge and practices, leading partners to jointly build a carbon reduction defense line and a compliance training, and experience sharing and exchanges. It builds a platform for the exchange and
system, and working together to build an open, win-win, resilient, and green sustainable supply chain cooperation of ESG-related professional knowledge and skills for suppliers, deeply shares
ecosystem.
the Company's sustainable development strategy, the progress of supply chain ESG
management, and the supply chain carbon reduction plan, as well as the practice of key
Green Procurement Capabilities issues with partners, helping suppliers improve their own sustainable development level.
To thoroughly implement Winner Group's sustainable development strategy, the Company comprehensively
improves the professional ability of the supply chain team in sustainable supply chain management and green
procurement through systematic training, professional empowerment, and practice sharing, providing solid ESG publicity and training empowerment
talent support for the Company to continuously promote the green and low-carbon transformation of the
supply chain and enhance its long-term resilience and competitiveness.
Publicized ESG-related content, including the Supplier Code of Conduct and the ESG
In 2025, the Company carried out a series of ESG capability building actions for its supply chain team. Special Audit through annual supplier assessments and visits to key suppliers,
strengthening suppliers' ESG compliance awareness and implementation ability.
Supply chain ESG practice sharing session
Supplier carbon management training
Invited external experts to deeply analyze the successful cases of leading enterprises in the green supply
chain transformation around topics such as supply chain sustainable development practices, procurement During the reporting period, organized 102 significant suppliers to carry out special
management processes, training and coaching systems, due diligence audits, green packaging, carbon training on SBTi scientific carbon targets; simultaneously promoted the work of
management, and green materials, helping employees establish a systematic knowledge framework for green
investigating supply chain carbon data, conducted carbon data research and
procurement and improve their ability to identify supply chain ESG risks and make green procurement
investigation on production-side suppliers, and provided professional training on
decisions.
carbon management.
Special training on supply chain carbon reduction
Supplier quality improvement empowerment
Conducted special training on supply chain carbon reduction for key positions in the supply chain department
and each subsidiary, including practical carbon inventory and coaching on supplier carbon reduction
Regularly carried out supplier quality empowerment and collaborative exchanges, and
measures, ensuring that key position personnel understand and master the core points of supply chain
carbon footprint management and promoting the practical ability of suppliers to collaborate on carbon specifically organized quality improvement trainings such as special training on
reduction. medical device UDI; focused on the pain points of supplier quality and carried out
special improvement work, providing support from multiple dimensions such as
Training on sustainable packaging materials knowledge technical guidance and professional coaching, continuously empowering the
improvement of supplier quality capabilities, and helping to build sustainable
Jointly with excellent packaging material suppliers, carried out 4 special trainings on sustainable packaging development at the supply chain end.
materials, deeply explaining the material composition, process flow, green packaging trends, and FSC
materials of packaging materials, laying a solid foundation for the team's professional knowledge in the
packaging material selection and design process, and helping the Company promote the application and
implementation of green, low-carbon, and sustainable packaging.
Winner Medical Co., Ltd.
Winner Group's "Green Responsible Procurement
Case Coexistence, Linking the Future"
Supplier Conference
Winner Group deeply integrates the concept of responsible procurement into the entire process management of the supply chain. It makes efforts
from multiple dimensions, including source control of raw materials, integrity and compliance in the procurement process, and inclusive
In August 2025, Winner Group held its development of supply chain entities. It builds a procurement system with high standards that combines green sustainability, compliance and
second Supplier Conference in Wuhan
transparency, and diverse inclusiveness, promoting the in-depth extension of supply chain responsibility management to value co-creation and
with the theme of "Green Coexistence,
consolidating the supply chain foundation for the Company's sustainable development.
Linking the Future". The conference
delved into in-depth discussions on
Responsible Procurement of Raw Materials
supply chain resilience, sustainable
development, and innovative cooperation. As an enterprise with cotton as its core raw material, Winner Group deeply practices the concept of responsible procurement and extends supply chain responsibility to
At the conference, the Company not only the cotton-planting fields. In the entire process management of raw material procurement, the Company continuously improves the full-link traceability system of raw
comprehensively promoted Winner materials through multiple measures such as formulating strict evaluation standards for high-quality cotton, optimizing and upgrading the digital traceability platform for
Group's ESG strategy and the Supplier raw materials, and improving the management mechanism of the upstream supply chain, thus consolidating the foundation for the green and sustainable development of
Code of Conduct to its supplier partners the supply chain from the source.
but also released the Company's three-
year green product plan for the medical At the same time, Winner Group innovatively adopts the order-based agricultural model of "companies + cooperatives + farmers" to build a standardized and responsible
and consumer sectors, pointing the way cotton supply chain system, achieving precise and efficient connection between production and sales. While steadily expanding the planting area of high-quality cotton
for supply chain transformation. and increasing the standardized output of cotton, it promotes the quality improvement of the upstream planting end of the supply chain and the income increase of
Meanwhile, outstanding partner farmers, achieving a win-win situation for industrial development and rural revitalization. In 2025, the Company deepened its layout in Huanggang, Wuhan, and
representatives were specially invited to Hanchuan in Hubei Province. It joined forces with local cooperatives and cotton farmers to vigorously promote the mechanical cotton-picking project, with a planned
share sustainable practices such as low- annual mechanized cotton planting area of 666.67 hectares. By adopting mechanized and large-scale planting modes, the Company improves cotton harvesting
carbon factory construction and efficiency and quality stability, and further consolidates the foundation of the high-quality cotton source supply chain.
innovative carbon management, providing
practical references for the green
development of the supply chain. Winner
Order-Based Production Management Safeguarding Farmers' Income
Group will continue to deepen supply
chain cooperation, empower development • We implement order-based production management for cotton, • Sign purchase agreements with farmers to avoid market fluctuation risks and
through digitalization and sustainable directly connect with contract farmers, and sign cotton order ensure stable income for farmers.
transition, and work together with production agreements with planting entities to improve the stability
partners to build a robust supply chain for and planning of raw material supply.
sustainable growth.
Revitalizing Idle Land Resources Assisting in Ecological Restoration
• Centrally integrate idle land, entrust professional cooperatives or • Through crop rotation of cotton with rapeseed or wheat, soil fertility is improved,
cotton-growing enterprises with unified planning and cultivation, and
continuous cropping obstacles are reduced, and sustainable land use is
encourage large-scale operation with the support of supporting
achieved;
government policies to improve land use efficiency.
• Stress-tolerant cotton varieties are promoted in saline-alkaline and sandy lands
to expand the production capacity of marginal lands and assist in the industrial
The site of the "Green Coexistence, revitalization of ecologically vulnerable areas;
Linking the Future" Supplier Conference
• Green technologies such as biological control and plastic film recycling are
promoted to reduce cotton source pollution and create low-carbon cotton areas.
Winner Medical Co., Ltd.
Integrity Management in Procurement
The Company adheres to the concept of honest and compliant operation. By establishing a standardized access system, fair process control, and a comprehensive supervision mechanism, it continuously
strengthens the integrity defense line of procurement management and is committed to building a responsible, honest, and integrity-respecting transparent procurement environment.
Integrity Management of Suppliers Professional Standards for Procurement Personnel
The Company clearly requires its cooperative suppliers to strictly abide by The Company continuously strengthens the integrity management of procurement personnel through regular integrity
the Supplier Management System and sign the Integrity Commitment education, rigid institutional constraints, and a supervision and restraint mechanism. All procurement personnel sign the
Agreement, strictly prohibiting various improper business behaviors such Employee Integrity and Self-Discipline Commitment upon employment, clearly defining the obligation to report conflicts of
as extortion, bribery, and acceptance of bribes to ensure that all interest and strictly prohibiting using their positions to seek personal gain; regular special training and warning education
commercial activities in the procurement process are legal, compliant, on procurement integrity are carried out to define the red lines and code of conduct for integrity in the position; at the
open, and transparent. For detailed measures on supplier integrity same time, a regular rotation system for procurement personnel is implemented to prevent integrity risks caused by long-
management, please refer to the "Supply Chain Integrity Management" term contact with suppliers, and combined with the embedded supervision of the Company's supervision and audit
section in the "Well-grounded Governance" chapter of this report. department, to ensure the standardized and transparent operation of procurement power and create a clean and upright
professional environment.
Treat Small and Medium-sized Enterprises Equally
The Company actively practices the concept of inclusive procurement, treats small and medium-sized enterprises equally, and continuously promotes the diversification and resilience building of the supply
chain by optimizing the procurement process and providing fair and transparent participation opportunities. During the reporting period, the Company had no accounts payable (including notes payable)
exceeding RMB 30 billion or accounting for more than 50% of total assets, nor were there any instances of overdue payments to SMEs.
Protecting the environment for a
coexistence between humanity and nature.
harmonious
With the rapid global economic growth, the tension between societal production models and the Earth's ecological carrying capacity has intensified, leading to increasingly
severe environmental challenges. With a strong sense of social responsibility, Winner Group is committed to a green development philosophy. We implement this commitment by
enhancing environmental governance, strengthening pollution control, optimizing energy and resource allocation, promoting cleaner production, and minimizing waste
generation. These efforts embed sustainability principles across our entire value chain—from raw material sourcing and manufacturing to logistics, storage, and marketing—
effectively reducing our environmental footprint. Our goal is to evolve into a sustainable enterprise that excels in both resource efficiency and ecological stewardship.
Topics responded to in this chapter
• Climate change response
• Green manufacturing
• Pollutant emissions
• Waste utilization
• Circular Economy
• Energy utilization
• Environmental compliance management
• Water resource management
• Ecosystem and biodiversity
SDGs Responded to in This Chapter
Winner Medical Co., Ltd.
Environmental Compliance Management
This year, grounded in the goal of high-quality development, the Company strictly adheres to the Environmental Protection Law of the People's Republic of China and various local environmental regulations and industry standards. It
has further evolved and enhanced its environmental management philosophy, adopting "protecting the environment and achieving harmonious coexistence between humanity and the environment" as its core environmental policy.
The Company is comprehensively optimizing its environmental management system architecture, refining management processes, strengthening control effectiveness, and driving the transformation of environmental management
from "compliance and meeting standards" to "proactively pursuing excellence," thereby fortifying a solid barrier for ecological and environmental protection.
Environmental Management System
A sound and efficient environmental management system is the core pillar supporting an enterprise in fulfilling its ecological responsibilities and achieving sustainable development. In strict accordance with the ISO 14001
environmental management system standard, the Company has established a robust management framework, defined clear environmental objectives, developed environmental management manuals and related procedures, and
continuously enhances its environmental management standards.
Environmental Management Structure Environmental Management Policy
The Company places high importance on environmental protection and has established a The Company strictly adheres to laws and regulations including the Environmental Protection Law of
comprehensive governance structure and transparent communication mechanisms. The Board's the People’s Republic of China, the Energy Conservation Law of the People’s Republic of China, the Law
Strategy and Sustainable Development Committee oversees the Company's climate- and environment- on the Prevention and Control of Environmental Pollution (the Pollution Prevention and Control Law),
related issues, reviews environmental strategies and goals, approves budgets for environmental the Air Pollution Prevention and Control Law of the People’s Republic of China, the Water Pollution
projects, and monitors the achievement of targets and the progress of action plans. Within the Prevention and Control Law of the People’s Republic of China, the Soil Pollution Prevention and Control
management structure, under the leadership of the Sustainable Development Leadership Group, the Law of the People’s Republic of China, and the Law on the Prevention and Control of Environmental
Company has established an Environmental and Dual-Carbon Special Task Force led by a Vice Pollution by Solid Wastes, as well as to technical standards and the environmental regulatory
President. This task force is responsible for assessing environmental risks, implementing the Company's requirements in all its operating locations. The Company has also formulated the Environmental Policy
environmental goals, conducting performance monitoring, formulating and implementing emergency of Winner Medical Co., Ltd. (hereinafter referred to as “the Environmental Policy”), which defines the
response plans for environmental incidents, organizing internal and external audits of the management architecture, coverage scope, general requirements, principles, and objectives. To ensure
environmental management system, and convening regular EHS-related meetings. These measures the effective implementation of the Environmental Policy in management practices, the Company has
ensure frequent review of progress on environmental work and the ongoing improvement of the also established a series of regulatory documents, such as the EHS Management Manual, the
environmental management system. The general managers of each branch (subsidiary) and the heads Environmental Management Specification, the Environmental Protection Management System, the
of each unit are explicitly designated as the primary persons responsible for environmental protection Environmental Management Specification and Reward & Punishment Measures, the Environmental
within their respective entities. Concurrently, dedicated environmental protection management offices Work Supervision Specification, and the Energy Conservation and Consumption Reduction
are established and staffed with full-time personnel to ensure that environmental protection work is Management Regulations. This framework constitutes a comprehensive, standardized, and actionable
implemented at every level and managed with a closed-loop approach. environmental management system, providing solid institutional support for the orderly progress of
various environmental protection initiatives. In accordance with the environmental management system
and sustainable development strategy requirements, the Company continuously strengthens
organizational governance and leadership. It sets clear environmental performance targets and
indicators at all levels, develops process operational guidelines, and integrates the concepts of
environmental protection, low-carbon practices, and green production into corporate decision-making
and business processes.
For further details, please refer to the Environmental Policy.
Winner Medical Co., Ltd.
Environmental Management Objectives
The Company scientifically sets annual environmental management objectives. Throughout the entire
production and operation process, it strengthens the regular monitoring and precise control of various
environment-related information, such as energy consumption indicators and pollutant emissions. By
leveraging monitoring data, it conducts precise analysis of management shortcomings and implements
targeted optimizations to control measures, thereby continuously improving environmental
management performance. In 2025, the Company successfully met all established environmental
management objectives, achieving steady improvement in its environmental management work.
Environmental Management Goals in 2025 Achievements in 2025
No environmental pollution accidents Achieved
No accidental pollution accidents Achieved
No abnormalities found in on-site environmental
Achieved
protection inspections
Winner Group Green Factory Certifications (Partial)
Waste disposal in compliance Achieved
Building on this foundation, the Company has further set its sights on medium- to long-term
sustainable development goals, having scientifically formulated its environmental management
Highlight Performance
objectives for 2027 to continuously advance green operations to a higher level.
Furthermore, Huanggang Winner, Jingmen Winner, Wuhan Winner, Jiayu Winner, and
Chongyang Winner have successfully passed the SMETA 4P audit via the SEDEX
Environmental Management Goals in 2025 Achievements in 2025
platform. The audit coverage rate among our own factories has now reached
The coverage rate of ISO 14001 environmental
management system certification across self-
The coverage rate of ISO 14001 environmental
management system certification across self-
owned production bases reaches 100% owned production bases reaches 87.5%
Medal, and Chongyang Winner received the EcoVadis Silver Medal.
The coverage rate of ISO 50001 energy The coverage rate of ISO 50001 energy
management system certification for self-owned management system certification for self-owned In 2025, neither Winner Group nor any of its subsidiaries received any environmental
production bases exceeds 85% production bases reaches 75%
administrative penalties.
National/Provincial/Municipal Green Factory
Certifications. Among them, Tianmen Winner,
Wuhan Winner, and Chongyang Winner have
National/Provincial/Municipal Green Factory
obtained the National Green Factory
Certifications
certification; Jingmen Winner and Jiayu Winner
have obtained the Provincial Green Factory
certification.
Winner Medical Co., Ltd.
Environmental Awareness Improvement and Environmental Emergency Management
Emergency Management
Regarding the emergency management of environmental incidents, to effectively prevent
The company continuously improves its environmental management standards, focusing and mitigate sudden environmental risks, promptly and properly handle various
on strengthening the environmental awareness and practical capabilities of employees and environmental emergencies, and safeguard ecological security and public interests, each
suppliers. It regularly organizes specialized environmental training and emergency drills to branch (subsidiary) has formulated the "Environmental Emergency Management System",
integrate green concepts throughout the entire value chain . the "Responsibility System for Environmental Hazard Investigation and Governance", and
environmental emergency response plans, tailored to their specific production and
Environmental Culture Training operational characteristics. These documents clarify the prevention and control standards,
handling procedures, division of responsibilities, and response measures for environmental
To continuously reinforce the environmental protection responsibility awareness of all emergencies. The respective subsidiaries have completed the required filing procedures
employees, consolidate the foundation of environmental management, and further with local environmental protection authorities. The emergency response plans encompass
enhance the overall effectiveness of the Company's environmental management and the core elements such as emergency management, environmental risk assessment, and
emergency response competency of all staff, the Company conducts various targeted emergency resource guarantee, comprehensively covering critical stages including risk
specialized training sessions on environmental protection on a regular basis. The training identification, early-warning response, and emergency disposal, thereby providing
content is closely aligned with actual production and operations, focusing on key areas scientific guidance for the standardized handling of environmental emergencies.
such as the interpretation of environmental management systems, environmental
compliance requirements, emergency response procedures, pollutant emission control, and
standardized sewage operations. Through diverse formats such as case studies and
hands-on instruction, the training conveys environmental concepts and practical skills, Highlight Performance
elevates employees' environmental knowledge and practical ability, and fosters the
integration of environmental principles into daily work and corporate culture.
In 2025, the Company carried out a total of 13 environmental emergency drills.
Environmental Training Session at Tianmen Winner
Highlight Performance
In 2025, the Company conducted a total of 26 environmental protection training
sessions.
Winner Medical Co., Ltd.
Promoting Green Production
To ensure the effectiveness of energy management, the Company has established clear energy-saving
targets aligned with its operational profile:
Energy Management Goals for 2027 Progress in 2025
The Company consistently embodies green and environmental principles in every stage of the
production process, proactively fulfills its environmental responsibilities, and adopts a series of targeted Annual comprehensive energy consumption per unit output value The annual phase target has
measures including water conservation and consumption reduction, pollutant emission reduction, and to be reduced by 6% compared to the base year (2024). been achieved.
standardized waste management. We continuously optimize environmental controls within production,
promoting the normalization and standardization of green manufacturing. In 2025, the Company continued to promote energy conservation and emission reduction,
implementing a high-standard energy management system through the following five aspects:
Highlight Performance
Energy reduction retrofit:
In the reporting year, the Company's investment in energy conservation and The Company continuously taps the energy reduction potential and improves energy
environmental protection amounted to RMB 15.73 million. utilization efficiency through equipment renewal and technology upgrades. To address issues
associated with the original Roots blowers in the fan room of the Wuhan Winner wastewater
treatment station—such as high energy consumption, elevated noise levels, large footprint,
Energy Utilization and complex maintenance (with an installed power of 55 kW requiring a supporting circulating
cooling water system)—the Company initiated an energy-saving retrofit project on September
The Company strictly adheres to relevant laws and regulations including the Energy Conservation Law (or magnetic levitation) blowers. The power rating of the new equipment was reduced to 37
of the People's Republic of China, and has established and continuously improved its Energy kW, eliminating the need for a cooling water system. The new blowers also feature a smaller
Management System (EnMS). As our production and operations are heavily reliant on energy footprint, significantly reduced operational noise, and substantially less daily maintenance.
consumption, we regard energy management as a crucial component for mitigating environmental and While ensuring a stable air supply for the wastewater treatment process, the hourly power
ecological impacts and controlling environmental risks. A three-level management structure comprising consumption per blower decreased from the original 36 kWh to 28 kWh, achieving daily
the Headquarters Manufacturing Center, the Intelligent Manufacturing Department, and subsidiary- energy savings of 192 kWh. This significantly enhances energy utilization efficiency and
level Energy Management Departments have been established. Within this framework, we set energy reduces operating costs.
control targets and implement process controls involving monthly tracking and analysis. The Company
benchmarks against the Energy Management System Requirements and Use Guide (GB/T 23331-2020), Investment and innovation in energy-saving technologies:
conducts annual internal and external energy reviews, and identifies areas for improvement based on
The Company actively promotes innovation in energy-saving technologies and encourages
the outcomes of these reviews, energy audits, and other assessments. Through consistent and precise
each production base to carry out energy-saving renovation projects based on actual
enhancements, the Company continuously improves its energy management performance. During the
production conditions. By identifying wastage points in the energy consumption process, the
reporting period, five production bases, including Tianmen Winner and Wuhan Winner, all passed the
Company converts low-grade energy sources, such as waste heat, residual pressure, and
EnMS surveillance audit and maintained their certification, covering all production and operating
condensate water, into effective resources. This not only reduces the dependence on external
locations.
energy but also significantly lowers the operating costs. In 2025, through investment in
In implementing energy management practices across the Company, we have formulated the "Energy research and development, the Company innovatively implemented a steam condensate
Management Manual" and a series of procedural documents to clarify energy management objectives, recovery system in Workshop 8 at the Chongyang Winner facility. This system centrally collects
responsibility assignments, and execution paths. On this basis, the Company comprehensively promotes high-temperature condensate generated during sterilization via a sealed recovery pipeline
the application of energy-saving technologies and refined operations, continuously improving energy network and collection tank. After pressure balancing and filtration to remove impurities, the
utilization efficiency, reducing energy consumption per unit product, and driving in-depth advancement condensate is supplied to the sterilization hot water system as a preheating source. This
of energy conservation and consumption reduction initiatives. Based on the annual production plan, the project has notably reduced the steam required to heat boiler make-up water, achieving
Company defines yearly energy-saving targets, decomposes and assigns them to relevant departments monthly steam savings of approximately 4.6 tons. It shortens water heating time, improves
and subsidiaries, and regularly monitors and reviews the achievement of these indicators. Energy- energy efficiency, reduces thermal discharge loss and fresh softened water consumption, and
saving targets are incorporated into the annual economic performance evaluations of management lowers boiler load and water treatment costs. This demonstrates the Company's ongoing
personnel. investment and tangible results in refined energy management and green technology
innovation.
Winner Medical Co., Ltd.
Evaluations and audits of energy management progress: Through this platform, each factory now performs granular energy consumption analysis by
day/month and by area/meter, with data visualized on digital dashboards at both workshop
The Company embeds energy conservation responsibilities directly into frontline production,
and factory levels. This effectively supports energy efficiency analysis and optimization
fostering deep integration between energy management and the performance evaluation
decisions, significantly elevating the intelligence, standardization, and decarbonization of the
system. In 2025, the Company established annual audits targets for the unit consumption of
Company's energy management.
various energy types (e.g., steam, water, electricity) per unit of output and cascaded these
targets down to each subsidiary and workshop. At the end of each month, the Energy
Management Department calculates the actual energy consumption and production data for
each workshop, evaluates progress in reducing energy use, compares results against targets,
calculates corresponding performance rewards or penalties, and submits these to the Human
Resources department for execution. Through this closed-loop "Target – Execution – Feedback –
Incentive" management cycle, the Company effectively motivates frontline workshops towards
energy conservation, shifting energy use from a model of "passive control" to one of "active
optimization."
Special inspections:
The Company integrates energy conservation management into daily operations, strengthening
source prevention and process supervision. A regular energy inspection mechanism has been
established, under which equipment administrators from various workshops periodically conduct
systematic inspections of energy-consuming areas. The inspections focus on identifying issues
such as "leakage, seepage, dripping, and venting" in pipelines, valves, equipment, and auxiliary Wuhan Winner EMS System Interface
facilities of energy systems including water, electricity, steam, and compressed air, as well as
detecting energy-wasting practices like equipment idling, prolonged lighting, and inefficient
operations. During inspections, identified issues are documented with on-site photographs,
compiled into a visual rectification list, and assigned to responsible departments with clear
deadlines. This mechanism embeds energy-saving requirements into frontline operational
processes, effectively enhancing the standardization and refinement of energy use, thereby In terms of renewable energy utilization, The Company has continuously accelerated the adoption of
solidifying the foundation for energy conservation and consumption reduction at the most green energy and increased its share of renewable energy through multiple channels. As of December
detailed level. 31, 2025, the Company's cumulative use of renewable electricity and purchased Green Electricity
Certificates (GECs) reached 39.75 million kWh, accounting for 14% of its total electricity consumption.
Among them:
Building a digital platform: • Longtai Medical and the GRI Jiaxing base generated 3.85 million kWh of self-produced green
In 2025, the Company accelerated the deployment of digital tools. It has now fully implemented electricity through the rooftop distributed photovoltaic projects.
the WIN+ Energy Management System (EMS) across five subsidiaries, including Wuhan Winner,
Huanggang Winner, Tianmen Winner, Jiayu Winner, and Longtai Medical, and is upgrading it into • The Winner Guilin factory actively procured external green electricity, with cumulative purchases
an integrated Energy and Carbon Management Platform. The system covers major energy types reaching 5.9 million kWh, significantly reducing the carbon emission intensity of its production
like water, electricity, natural gas, and steam across production, office, and residential areas. The process.
initial phase, already operational, enables real-time energy data collection, online monitoring,
energy flow analysis, efficiency benchmarking, and early warnings. The second phase "Dual- • The Company purchased 30,000 GECs, equivalent to 30 million kWh of green electricity.
Carbon" functions—including organizational carbon emission accounting, product carbon
footprint analysis, and supply chain carbon management—were finalized in design and began
rolling out by the end of 2025. The third phase, focused on the intelligent control of key energy-
consuming equipment, is planned for implementation in 2026.
Winner Medical Co., Ltd.
Concurrently, the Company regularly conducts specialized energy management training sessions for Furthermore, the Company continues to advance refined energy management and systematically
employees, enhancing overall energy-saving awareness and practical skills. This enables staff to gain a conducts energy audits and energy-saving reviews. The audit process encompasses four stages:
deeper understanding of the corporate energy strategy, management policies, and dual-carbon goals, preliminary preparation, on-site verification, energy efficiency diagnosis, and improvement planning.
and to actively engage in energy conservation and consumption reduction efforts. Employees are Through these energy audits, the Company continuously drives the renewal of high-energy-
encouraged to propose suggestions for energy efficiency improvements—such as equipment consumption equipment, process optimization, and refined energy management, effectively enhancing
optimization, process enhancements, and energy recovery—based on their specific roles. The Company overall energy utilization efficiency.
disseminates energy-saving knowledge, showcases achievements, and promotes best practices
through various channels including the corporate WeChat official account, internal bulletin boards, daily
Specialized Energy Audit
morning meetings, and regular team briefings. This fosters a positive culture where “everyone is mindful Case
at Yichang Winner
of energy efficiency and everyone contributes to energy saving,” integrating green, low-carbon
principles into daily operations and corporate culture.
Yichang Winner completed a specialized energy-saving review in May 2025, focusing primarily
Specialized Energy Management on key energy-consuming equipment within the production process. The review findings
Case indicated that while the existing air compressors utilize relatively high-efficiency twin-screw
Training in Chongyang Winner
permanent magnet variable frequency models, leaving limited scope for further energy savings,
the loom motors still employed traditional fixed-speed (line-frequency) motors, which have
To actively support the national dual-carbon goals and deepen refined energy management, higher energy consumption and present clear potential for energy-saving retrofits. In response,
Chongyang Winner organized a systematic energy utilization training program for equipment the Company has initiated a technical evaluation, testing and analyzing the feasibility of low-
supervisors across all workshops within the facility. The program combined on-site self- energy permanent magnet variable frequency direct-drive motors. Subsequent steps will involve
inspections within workshops with centralized training sessions to comprehensively identify formulating specific retrofit plans based on the test results and incorporating them into the
instances of waste and pollution in the use of energy sources such as electricity and gas. It annual energy-saving implementation plan, thereby tangibly improving energy utilization
involved a holistic diagnosis of issues and the design of targeted improvement plans. Through efficiency and promoting greener operations.
implementation, this initiative not only effectively reduced energy consumption and improved
utilization efficiency but also successfully shifted the enterprise's approach from reactive energy
saving to proactive value creation. By striving for the triple objectives of maximizing resource
efficiency, minimizing operating costs, and minimizing environmental impact, it advanced the
company's energy management towards a more systematic and intelligent green operational Water Resource Utilization
model.
Company strictly adheres to relevant national and local laws and regulations, including the Water Law
of the People’s Republic of China. It actively implements the principles of water conservation and
sustainable use, firmly instilling a mindset of “valuing the source of life and eliminating waste,” while
continuously promoting the efficient utilization and recycling of water resources. The sources of the
Company’s production water vary by project location, primarily consisting of municipal supply, surface
water, and recycled process water. For surface water abstraction, the Company legally obtains water
intake permits, standardizes abstraction practices, and thoroughly assesses ecological impacts during
source selection and use. This ensures that abstraction activities do not cause significant adverse effects
on the surrounding environment, thereby effectively fulfilling corporate water stewardship
responsibilities. To ensure the effectiveness of water resource management, the Company has
established clear water-saving targets aligned with its operational profile:
Water Resource Management Goals for 2027 Progress in 2025
Reduce annual water consumption per unit output value by The annual phase goal has been
Specialized Energy Management Training at Chongyang Winner 6% compared to the base year (2024). achieved.
The annual phase goal has been
Increase the proportion of annual recycled water use to 45%.
achieved.
Winner Medical Co., Ltd.
This year, the Company continued to promote the refined water resource management and
Recycling of Bleaching Rinse Water:
systematically carried out water risk assessment and usage planning. At the end of 2024,
based on the 2025 production capacity targets, new production lines, and historical water
Chongyang Winner successfully implemented an innovative water-saving practice
usage data, the Company scientifically formulated an annual water resource budget,
in its Workshop 3 through a project to recycle rinse water from hydrogen peroxide
detailed into monthly usage plans to guide annual water consumption control. In 2025, the
bleaching of gauze. This initiative fully utilized the hot and cold rinse water (40–
Company conducted a specialized water use assessment aligned with the production
schedule to identify potential water-related risks. In practice, the Company strictly
cycle. This not only reduced freshwater consumption but also enhanced the
managed water intake within the total permitted volume, cascading the targets down to
environmental sustainability of the production process, effectively achieving the
individual workshops and strengthening process supervision. Throughout the year, the
cascading use and circular regeneration of industrial water resources.
Company’s water intake remained within permitted limits with no instances of over-
extraction, effectively ensuring compliant, efficient, and sustainable water use. Process Improvement:
Adhering to the principle of “conservation first, recycling as a priority,” the Company The company innovatively applied water-free pretreatment technology, replacing
employs multiple measures to promote efficient water resource management. the traditional aqueous medium with environmentally friendly organic solvents. In
the bleaching process, this achieved a reduction of over 60% in chemical auxiliary
usage, simultaneously accomplishing water savings exceeding 70% and pollutant
Steam/Condensate Recycling:
emission reductions of over 70%. This drives the transformation of the textile
Jingmen Winner implemented a technical retrofit project for steam condensate pretreatment stage towards greener, low-carbon, and highly efficient operations.
recycling in the boiler room. The project focused on collecting the steam
condensate and exhaust steam generated during production in the Purcotton Furthermore, the Company places high importance on water conservation management
workshop, then conveying it uniformly to the boiler feedwater system. This and continuously strengthens employee awareness and capacity building. In 2025, through
achieves water recycling and reduces the consumption of fresh water. various methods such as organizing specialized water-saving training, on-the-job practical
guidance, and case study promotions, the Company systematically enhanced the water
conservation competency of all staff.
Water-Saving Awareness and Skills
Case
Training at Yichang Winner
In 2025, Yichang Winner organized specialized training on "water-saving awareness
and skills enhancement". Participants were divided into groups to conduct on-site
inspections of water usage points in the production, office, and residential areas of
the facility, identifying “water leaks.” Applying their acquired knowledge, they
analyzed causes on-site, estimated wastage, and proposed actionable improvement
suggestions. This training helped participants gain a deep understanding of the
current water scarcity situation and their personal responsibilities in conservation. It
also effectively fostered the adoption of three core behavioral principles, including
“turn off water when not in use, report leaks immediately, and innovate in water-
saving practices.” This initiative not only reduced water costs but also strengthened
Jingmen Winner Steam Condensate Recovery Equipment the green corporate culture, achieving a win-win outcome for both environmental
and economic benefits.
Winner Medical Co., Ltd.
Key control indicators for the Company's waste gas include: non-methane total
Pollutant Emission Management hydrocarbons (NMHC), particulate matter (PM), sulfur dioxide (SO₂), nitrogen oxides (NOx),
hydrogen sulfide (H₂S), ammonia (NH?), sulfuric acid mist, and ethylene oxide (EtO). The
The Company enhances monitoring and governance measures for emissions to ensure Company implements categorized control measures for different types of waste gas
compliance of its waste gas and wastewater discharges. For all construction projects, the emissions to ensure all pollutants are discharged in stable compliance. Specific measures
Company prepares and obtains the corresponding approved Environmental Impact are as follows:
Assessment (EIA) documents to fully identify potential impacts on the surrounding
environment and communities. During construction, the Company strictly adheres to the Zero External Dust Emission of Dual Upgrades in Boiler Combustion
EIA report and its approval requirements. It not only evaluates the impacts of pollutant Workshop Energy and Technology
emissions on the atmosphere, water bodies, and soil but also pays special attention to the
possible impacts of project location, process layout, noise, and waste gas on the The blowing-carding unit continuous Boilers utilize clean energy—natural
occupational health of employees and the living environment of surrounding community production process is adopted, gas—and incorporate low-nitrogen
residents. Based on this, it optimizes the general layout to reduce environmental and effectively reducing cotton dust combustion technology.
health risks from the source. In daily production and operation, the company generates a generation through process
certain amount of waste gas and wastewater. For these pollutants, it has established integration. A composite round-cage
comprehensive collection, treatment, and disposal systems, adopting a combined dust removal device is deployed,
approach of source reduction and efficient end-of-pipe treatment to ensure compliance achieving 99.5% cotton dust filtration.
with emission standards, thereby minimizing pressure on municipal sewage networks and The purified air is recirculated back
impact on the atmospheric environment. This year, the Company invested approximately into the workshop, realizing zero
RMB 1.1 million specifically for upgrading waste gas treatment devices in various external dust emission.
production workshops, renovating sewage treatment stations, and operating, maintaining,
and calibrating environmental monitoring facilities. This further improves pollutant
treatment efficiency, strengthens the stability of compliance, and effectively enhances the Compliant Discharge of Treated Compliant Discharge of Treated
Company's capacity for environmental risk prevention and control. Laboratory Waste Gas Production Waste Gas
Acidic gases (sulfuric acid mist) are For waste gas generated during
Waste Gas Management removed via an alkaline spray production, the Company has installed
scrubber, while organic waste gases a high efficiency "Pretreatment + RTO
The Company strictly complies with relevant national and regional emission standards, and odors are adsorbed by activated (Regenerative Thermal Oxidizer)"
including the Law of the People's Republic of China on the Prevention and Control of carbon. The treated gas complies with treatment system. Through multi-stage
Atmospheric Pollution, the Integrated Emission Standard of Air Pollutants (GB16297-1996), the Comprehensive Emission purification and high-temperature
the Emission Standard of Odor Pollutants (GB14554-1993), and Guangdong Province's Standard of Volatile Organic oxidative decomposition, Volatile
Emission Limits of Air Pollutants (DB44/27-2001). All waste gas treatment facilities employ Compounds from Stationary Pollution Organic Compounds (VOCs) removal
mature and stable technologies. In addition to commissioning regular monitoring by third- Sources in Guangdong Province and efficiency is consistently maintained
party institutions, the Company conducts daily equipment inspections and performs is discharged in compliance through above 95%, and the emission
periodic maintenance and consumable replacements for these facilities to ensure an 18-meter-high exhaust stack on concentrations of all pollutants are
continuous and stable compliance with standards, thereby fulfilling its primary the building roof. below the limits specified in Wuzheng
responsibility for environmental protection. Gui [2022] No. 1011.
Winner Medical Co., Ltd.
Category Waste Composition Treatment Method
Wastewater Management
Contracts are established with
Chemical raw material barrels,
qualified third-party vendors
Hazardous Waste waste engine oil, waste resin,
for the regular transfer and
waste chemical reagents, etc.
The Company strictly adheres to national and local environmental laws and regulations, including the disposal of hazardous waste.
Law of the People's Republic of China on the Prevention and Control of Water Pollution. It has The Production Management
formulated and implemented internal management documents such as the "Sewage Station Process Reusable items: Turnover
Department arranges for
Flow and Operating Specifications" and the "Waste Gas, Wastewater, and Noise Treatment System", boxes/frames, etc.
timely recovery and reuse.
comprehensively strengthening control over water pollutant emissions throughout the production
process and ensuring all wastewater is handled and discharged in accordance with the law. Key control The Administrative Department
Recyclable General transfers them to licensed
indicators for the Company's wastewater include chemical oxygen demand (COD), biochemical oxygen
Industrial Waste Renewable items: Waste cardboard, recycling companies for
demand (BOD), total phosphorus (TP), total nitrogen (TN), suspended solids (SS), and ammonia
nitrogen (NH?-N). The wastewater generated falls into three main categories, which are separately waste plastic, broken glass, fabric processing (products and
collected and treated based on their characteristics: scraps, etc. packaging materials are
shredded or rendered
unusable prior to transfer).
The Administration
Canteen Production Laboratory Construction debris, slag, Department regularly sends it
Wastewater Wastewater Wastewater production scraps, soil, rags, to government-designated
Non-recyclable General
cotton waste, and other non- waste treatment stations for
Industrial Waste
hazardous waste generated during disposal (such as incineration
After pre-treatment in a Production wastewater Due to its complex
production. for power generation and
grease trap, canteen undergoes advanced composition and potential
landfill).
wastewater is directed to treatment at the hazards, all laboratory
a septic tank along with Company's own wastewater is transferred Disposed of by municipal
Domestic Waste Food waste, etc.
other domestic sewage for wastewater treatment to a qualified third-party sanitation services.
treatment. plant and is discharged professional entity
into the municipal sewage possessing a hazardous
This year, the Company‘s Audit Department conducted a specialized audit of the waste management
network upon meeting the waste management
practices across all operations, comprehensively covering the entire waste lifecycle. The audit scope
required standards. license for compliant
included: the volume of various wastes generated; classification accuracy; storage and final destination;
collection, transportation,
compliance of waste-related disposal policies and approval processes; rationale of disposal plans;
and disposal. Self-
vendor qualification, contract review, and validity of licenses; standardization of waste collection and
discharge is strictly
temporary storage areas; implementation of disposal vendors’ business licenses and hazardous waste
prohibited.
transfer manifests; completeness and traceability of waste management records; and the provision and
Waste Management use of personal protective equipment (PPE) for on-site personnel. Issues identified for improvement
(including waste reduction and disposal) were documented in rectification notices, with relevant units
The Company strictly adheres to the Law of the People’s Republic of China on the Prevention and instructed to achieve 100% closed-loop rectification within stipulated deadlines. Moving forward, the
Control of Environmental Pollution by Solid Wastes and has established and implements the "Waste Company will focus on root causes, further optimize waste classification standards, strengthen dynamic
Treatment System". It comprehensively applies the management principle of “classified recycling, ledger management and cross-verification mechanisms, promote source reduction and refined control,
centralized storage, and unified treatment,” systematically standardizing the entire process of collection, and enhance the standardization and compliance of waste management.
storage, transportation, and disposal of various solid wastes. This approach reduces the potential
To ensure the effective implementation of waste management objectives, the Company has established
environmental impact of solid waste while enhancing resource utilization efficiency and environmental
an annual target tracking and dynamic assessment mechanism. Relevant departments regularly
management standards. Wastes generated from the Company's operations are categorized as non-
calculate and analyze the generation of hazardous waste and general industrial solid waste per unit of
hazardous waste and hazardous waste, with their composition and treatment methods outlined below:
output value.
Winner Medical Co., Ltd.
This data is compared year-on-year against the 2024 baseline to form assessment reports, process methods for reduction across product design, production, logistics, and disposal
which are then presented to management. Furthermore, to reduce waste sent to landfills, stages; and an introduction to zero-landfill certification. This training deepened
the Company has developed and implemented a recycling program to promote the understanding of compliance requirements among managers from various departments
collection and resource recovery of recyclable general industrial waste. Non-recyclable (e.g., marketing, manufacturing, administration, finance), facilitating the translation of the
waste is transferred to licensed facilities for incineration or landfill, often with energy Company's waste reduction goals from “top-level design” to “on-the-ground
recovery (waste-to-energy), to achieve energy recovery and reduction in disposal volume. implementation.”
In 2025, the Company's proportion of waste landfilled decreased by 2.53% compared to
City Zero-Waste Factory" in 2025. The Company will continue to enhance its recycling
network and collaboration mechanisms, steadily reduce reliance on landfills, and progress
towards its "zero landfill" aspiration.
Guided by the principles of "source reduction, process control, and resource recovery
priority", the Company has systematically established a waste reduction pathway covering
the entire product lifecycle. To achieve these goals, the Company focuses efforts across
four key stages:
Design Stage Production Stage
Comprehensively advance green packaging Reduce raw material loss, scrap generation,
design, prioritizing recyclable, and hazardous waste through process
biodegradable, and lightweight materials to optimization, equipment upgrades, and
improve post-disposal resource recovery lean management.
efficiency. On-site Waste Management Training
Logistics Stage Disposal Stage
In addition, the Company actively promotes waste reduction at source and deepens
Optimize warehousing and transportation Further refine waste classification collaboration with supply chain partners to extend green principles upstream. On one
models by introducing standardized standards and prioritize partnerships with
hand, it strengthens incoming material quality control to minimize rework, scrap, and
intermediate transfer facilities and reusable compliant disposal vendors capable of
waste caused by non-conforming raw materials, thereby reducing the generation of
turnover containers, reducing disposable resource recovery. This promotes the
packaging and waste generation in conversion of waste into recycled raw hazardous and general industrial solid waste at source. On the other hand, it drives the
logistics. materials and ensures compliant hazardous green transition of packaging materials. Through engagement with key suppliers, some
waste disposal, maximizing “turning waste originally used disposable cartons have been replaced with reusable eco-friendly woven
into resources.” bags. This not only reduces solid waste generation but also lowers packaging procurement
Concurrently, the Company regularly organizes specialized waste management training for costs and logistics-related carbon emissions. Such collaborative initiatives embody the
employees to enhance awareness and competency in compliance and reduction practices Company's sustainable development philosophy of “leveraging synergy for waste
across all levels. In 2025, training sessions were held for branch management and frontline reduction and enhancing efficiency through circularity,” gradually building a green
waste handling personnel. The curriculum systematically covered: the responsibilities of partnership network spanning the entire value chain.
waste-generating units; storage requirements and record-keeping for solid waste;
establishing waste reduction pathways (identification, planning, management, disposal);
Winner Medical Co., Ltd.
Ecosystem and Biodiversity Protection
The Company recognizes the critical importance of protecting natural resources and maintaining biodiversity for sustainable development. We consistently adhere to relevant laws, regulations, and policy
guidelines, including the Forest Law of the People’s Republic of China, the Wildlife Protection Law of the People’s Republic of China, the Biosecurity Law of the People’s Republic of China, and the Opinions
on Further Strengthening Biodiversity Protection, and fulfill our commitments under the United Nations Convention on Biological Diversity (CBD). Throughout the entire lifecycle of site selection,
construction, and operations, we proactively avoid key ecological function zones, ecologically sensitive areas, fragile regions, and various prohibited development zones to ensure our business activities
are in harmony with ecological conservation. All new, expansion, or renovation projects undergo legally required environmental impact assessments and have corresponding soil and water conservation
plans prepared concurrently. Following approval from the relevant government authorities, construction and production proceed strictly in accordance with the approved plans. Furthermore, the Company
implements effective measures such as construction boundary controls to minimize disturbance to surrounding ecosystems and wildlife habitats. During the reporting period, the Company did not
experience any major environmental incidents harming biodiversity, thereby fulfilling its corporate responsibility for ecological protection.
As an enterprise centered around "cotton" as its core raw material, Winner Group has long upheld the ecological philosophy of "Cotton-based, Green Coexistence." Cotton is not only a natural, renewable,
and biodegradable fiber resource, but its scientific cultivation can also effectively improve soil structure, conserve water, and enhance the biodiversity of farmland ecosystems under proper crop rotation
systems. By fostering partnerships for high-quality cotton fields and supporting green farming practices like water-efficient irrigation and reduced pesticide use, the Company contributes to the health and
stability of agricultural ecosystems. Meanwhile, we continue to increase the proportion of naturally degradable cotton used in our products, effectively replacing chemical fibers and single-use plastics. This
reduces the risk of microplastics entering the ocean from the source, and contributes positively to the protection of marine biodiversity.
Moving forward, the Company will continue to leverage cotton as a "green link," promoting the development of an eco-friendly industrial chain from the very source and contributing to the protection of
our planet's community of life.
Winner Medical Co., Ltd.
These task forces hold quarterly progress review meetings to discuss advancements in
Climate Change Response climate and sustainability work and to plan for the upcoming quarter.
To further strengthen the oversight of climate-related targets by the Board and
Climate change has evolved beyond a traditional environmental issue into a pivotal factor management, the Company has integrated climate-linked compensation policies for both.
profoundly shaping corporate strategic direction, operational resilience, and long-term The remuneration of Directors and the CEO is tied to climate performance metrics
competitiveness. In our strategic planning, we continuously focus on climate change, (including emission reductions, energy reduction, efficiency gains, and supply chain
actively implement the national "dual-carbon" strategy, align with the 1.5°C temperature engagement), incentivizing and accelerating the fulfillment of the Company's climate
goal of the Paris Agreement, and deeply integrate climate action into our corporate commitments and targets.
governance framework. We persistently monitor the risks and opportunities presented by
climate change, continually strengthen our climate resilience, optimize pathways for green Climate Strategy
operations, steadily advance our low-carbon transition, and robustly support high-quality
sustainable development.
The Company recognizes the potential impacts of climate change and systematically
Climate Governance identifies climate-related risks and opportunities that could have a material effect on its
business operations and financial performance. To comprehensively assess the challenges
and opportunities for itself and its value chain under various climate scenarios, the
The Company has established a climate governance system, with the Board of Directors Company has conducted climate scenario analysis aligned with its carbon neutrality
(the Board) as the ultimate decision-making body, to comprehensively drive climate strategy and greenhouse gas (GHG) emission reduction timeline. This analysis evaluates
change management. The Board is responsible for setting the Company's climate strategy, potential financial impacts across three time-horizons: short-term (within 1 year), medium-
reviewing climate-related risk management policies, establishing climate targets, and term (1-2030), and long-term (2031-2050). The assessment considers both low-emission
overseeing progress toward these targets as well as medium- to long-term climate and high-emission scenarios, providing a scientific basis for developing forward-looking,
transition investment plans. Progress on climate action is a regular topic at Board adaptable, and resilient climate risk management strategies.
meetings. The Board receives briefings from management at least annually on climate-
related risks and opportunities, covering areas such as sustainable investment plans, work
plans for key climate issues, and the setting and tracking of mitigation targets. Based on
these briefings, the Board reviews and approves relevant major operational matters, Physical Risks
fulfilling its oversight duties regarding climate-related risks and opportunities.
Physical risks refer to the direct impacts of climate change on a company's operations and
This year, the Company officially established a Board-level Strategic and Sustainable long-term development, encompassing both acute physical risks (e.g., extreme weather
Development Committee (the Committee). Mandated by the Board, the Committee is events like typhoons and floods) and chronic physical risks (e.g., long-term trends like
responsible for the identification, prioritization, assessment, and management of climate- rising temperatures and sea levels). This year, the Company conducted its first systematic
related risks and opportunities, managing the annual budget for climate initiatives, screening and assessment of key physical risks. This assessment was based on the
providing strategic guidance and resource coordination for implementing key measures, scientific framework of the Intergovernmental Panel on Climate Change (IPCC) Sixth
and reporting regularly to the Board on risks and corresponding mitigation strategies. Assessment Report (AR6), utilizing the Shared Socioeconomic Pathways (SSPs) scenarios
The Committee oversees a Sustainable Development Leadership Group, led by the SSP1-2.6 (low-emission) and SSP5-8.5 (high-emission). The evaluation comprehensively
Company's Rotating CEO. This Group is tasked with integrating ESG and climate risk covered critical climate indicators, including rising temperatures, sea-level change,
mitigation strategies into corporate decision-making, investment, and operations. It increased frequency and intensity of extreme weather events, and shifting precipitation
reports to and advises the Board and the Committee on a regular basis. The Leadership patterns. The aim is to thoroughly identify potential impacts, thereby providing a robust
Group includes several key task forces, such as those focused on Environment & Dual- data foundation and decision-support for enhancing climate resilience and developing
Carbon, Supply Chain, and Corporate Governance. scientific and effective adaptation strategies.
Winner Medical Co., Ltd.
Scenario Type Scenario Selection Scenario Source Scenario Narrative Scenario Prediction7
• Average temperature8 : Increase of 1.9℃
• High-Temperature Days9 : Increase of 4.4 days
Assumes a rapid transition from a fossil fuel-dependent
economy to one driven by renewable energy, with many • Consecutive Dry Days10 : Increase of 0.6 days
IPCC Sixth Assessment
Low-emission Scenario SSP1-2.6 countries implementing strong climate mitigation measures to • Mean Sea Level11 : Rise of 0.2 meters
Report (AR6)
limit global warming to within 2.0°C above pre-industrial levels
(1850) this century. • Total Precipitation12 : Increase of 1.3%
• Extreme Climate Events13 : Moderate increase in frequency
and intensity
• Average temperature14 : Increase of 2.7℃
• High-Temperature Days15 : Increase of 4.7 days
Assumes continued reliance on fossil fuels as the primary energy
source to drive global economic growth, with greenhouse gas • Consecutive Dry Days16 : Increase of 1.2 days
IPCC Sixth Assessment
High-emission Scenario SSP5-8.5 emissions projected to remain at high levels through 2100, • Mean Sea Level17 : Rise of 0.3 meters
Report (AR6)
potentially exacerbating the occurrence of extreme weather
events. • Total Annual Precipitation18 : Increase of 1.6%
• Extreme Climate Events19 : Frequency and intensity increase
significantly
and the CMIP6 climate modeling framework.
projected change in their annual number in China by 2050 relative to the 1850–1900 baseline.
projected change in their annual frequency in China by 2050 relative to the 1850–1900 baseline. 18 Projected change in China's total annual precipitation by 2050 relative to the 1850–1900 baseline.
Winner Medical Co., Ltd.
Given that the Company is projected to face the most severe physical risks under the high-emission scenario, the following risk assessment is conducted based on this premise:
Risk Type Acute Acute Chronic
Risk Factor Typhoon Flooding (Riverine/Pluvial) Rising Average temperature
Impact Period Short-term, Medium-term, Long-term Short-term, Medium-term, Long-term Medium to Long term
Impact 3. Logistics disruptions affecting raw material supply and finished 2. Logistics paralysis and employee absenteeism due to flooded 2. Reduced employee productivity and heightened health risks in
Pathways & product delivery. urban roads. hot conditions.
Affected 4. Employee commuting difficulties leading to workforce shortages 3. Delays in e-commerce order fulfillment, impacting customer 3. Decreased footfall in physical stores as consumers avoid
Operations and operational delays. satisfaction. outdoor heat.
main cotton-producing areas may disrupt the cotton growth cycle
and reduce the yield per unit.
Value Chain
Upstream Suppliers, Core Operations, Downstream Clients Upstream Suppliers, Core Operations, Downstream Clients Core Operations, Downstream Clients
Exposure
structural reinforcement, and inventory loss. 2. Increased non-recurring expenses for asset damage repair. cooling.
Financial 3. Potential customer claims arising from delivery delays. 4. Reduced transportation efficiency leading to delivery delays and compensation.
Impact 4. Direct financial loss from insurance deductibles. potential revenue impact. 3. Squeezed product gross margin due to rising cotton raw
Description material costs.
compromised product standards due to variable cotton quality.
Impact Level High Medium High
channels and establishing safety stock for critical materials. 2. Install flood defenses (e.g., barriers, pumps) and elevate storage lighting, rooftop PV) to lower energy intensity.
and enhanced protection for roofs, openings, and electrical 3. Establish an emergency logistics protocol to dynamically adjust cooling equipment.
systems. distribution plans during flood events. 3. Enhance employee welfare through heat stress management,
Resilience
Building
complemented by regular emergency drills and staff training. 4. Collaborate with key cotton suppliers to promote climate-
Measures
from high-risk periods and ensure continuity. variants) and proactively adjust procurement and inventory
losses.
Winner Medical Co., Ltd.
Transition Risks
Transition risks refer to the operational and strategic challenges enterprises may face during the shift towards a low-carbon economy, stemming from policy and regulatory changes, technological
advancements, and shifts in market demand. As a sustainable enterprise with “cotton” at its core and a commitment to healthy living and medical protection, the Company places high importance on
identifying and managing climate-related transition risks. This year, aligning with the national “dual-carbon” strategy, green consumption trends, and its operational realities in medical consumables and
Purcotton lifestyle products, the Company systematically assessed four key categories of transition risk: policy & regulatory, technological, market, and reputational. This assessment referenced the
International Energy Agency’s (IEA) Stated Policies Scenario (STEPS) and Net Zero Emissions by 2050 Scenario (NZE). The process involved identifying the impacts of energy transition and policy shifts on
the business model and analyzing associated risks and opportunities under different scenarios, thereby providing a scientific foundation for formulating low-carbon transition strategies.
Scenario Type Scenario Selection Scenario Source Scenario Narrative Scenario Prediction 20
International climate policy: Some countries and regions lack
clear climate targets and specific implementation plans.
Total energy consumption: projected to reach 5.41×1020J by
This scenario reflects the current policy environment, based on a Renewable energy supply: projected to reach 2.33×1020J by
sector-by-sector assessment of existing and announced policies. 2050.
Stated Policies Scenario
High-emission scenario IEA It serves as a benchmark for evaluating the potential outcomes Global greenhouse gas emissions: projected to reach 29,629
(STEP)
(and limitations) of recent energy and climate policy Megatonnes by 2050.
developments. China's carbon price: projected to reach $34 USD / tonne by
International business model: profit-driven, prioritizing short-
term financial returns with minimal environmental/social
consideration; renewable energy portfolio shows limited growth.
International climate policy: Major economies (countries and
regions), including China with its “carbon peak” and “carbon
neutrality” goals, announce and strictly enforce detailed carbon-
neutral pathways.
Total energy consumption: projected to reach 3.52×1020J by
This ambitious normative scenario outlines a pathway to achieve
Renewable energy supply: projected to reach 4.01×1020J by
Net Zero Emissions by 2050 net-zero CO₂ emissions globally by around 2050, limiting global
Low-emission scenario IEA 2050.
(NZE) warming to 1.5°C through stringent climate policies and
Global greenhouse gas emissions: projected to achieve net zero
innovation.
emissions by 2050.
China's carbon price: projected to reach $200 USD/tonne by
International business model: Accelerate transition from a fossil-
fuel-dependent economy to a renewables-driven green
economy.
Winner Medical Co., Ltd.
Under the lower-emission scenario, policy and regulatory oversight are most stringent, posing the greatest potential impact from transition risks. Therefore, the following transition risk assessment is
conducted based on this scenario.
Risk Type Regulations and Law Technology Market Reputation
Accelerated Advancement of Green & Low- Growing Downstream Demand for Low-Carbon
Risk Factor Tightening Carbon Reduction Regulations Stakeholder Scrutiny
Carbon Technologies Products
Impact Period Medium-term and Long-term Medium-term and Long-term Short-term, Medium-term, Long-term Short-term, medium -term, long -term
Global and domestic climate policies and Sustainable materials and clean production B2B clients (e.g., hospitals, pharmacies, e- Investors, customers, and the public increasingly
Impact regulations are intensifying, employing both processes are developing rapidly. Failure to keep commerce platforms) increasingly mandate low- scrutinize corporate carbon performance.
Pathways & incentives to promote action and stricter pace with technological evolution could result in carbon certified supplies. End consumers show a Perceived inaction or lagging climate
Affected compliance requirements for activities with an inability to meet customer demand for low- growing preference for sustainable attributes, commitments can lead to public backlash,
Operations negative climate impact. carbon products and a loss of competitive edge. driving demand for green products. consumer boycotts, and strained stakeholder
relationships.
Value Chain
Upstream, Core Operations Core Operations, Clients Core Operations, Clients Core Operations, Clients
Exposure
Rising compliance costs, including investments Technological backwardness leads to the loss of Unit product costs may rise due to necessary Damage to the brand image affects customer
Financial
required for carbon accounting systems and third- market share, customer loss, and pressure on investments in packaging upgrades and trust and the Company's valuation in the capital
Impact
party verification. revenue growth. production line retrofits to align with market market, indirectly influencing long-term
Description
expectations. development.
Impact Level Medium High High Medium
and forecast GHG emission trends to inform and low-carbon processes. labeling for key product categories (e.g., medical strengthen communication with stakeholders,
carbon strategy adjustments. 2. Upgrade the energy management system and dressings, surgical gowns, drapes, masks, cotton and ensure timely responses to stakeholders'
system covering Scopes 1, 2, and 3, with regular management platform. 2. Enhance in-house innovation to accelerate the performance.
Resilience public disclosure. development of more energy-efficient and low-
Building 3.Accelerate sustainable packaging transition by carbon products/services, thereby reducing
Measures evaluating and adopting recyclable, operational costs while boosting profitability and
biodegradable, or reduced-material alternatives, market competitiveness.
and pursue relevant international certifications.
Winner Medical Co., Ltd.
Climate Opportunities
Amidst the global transition to a low-carbon economy, the Company is proactively positioning itself to capitalize on the strategic opportunities presented by sustainable development trends and climate
action. We are transforming the imperative for carbon reduction into an internal driver for green innovation and high-quality growth. By proactively aligning with national “dual-carbon” goals and
international climate initiatives, the Company is exploring new avenues for development. This includes advancing the application of natural, renewable materials, upgrading to greener production
processes, and implementing low-carbon management across the entire product lifecycle. These efforts are focused on developing green products and services, fostering business model innovation, and
ultimately injecting new momentum into the Company’s sustainable development journey.
Opportunity
Type
Market Technology
Opportunity
Factor
Sustained Growth in Global & Domestic Demand for Low-Carbon Products Breakthroughs in Green Materials & Low-Carbon Technologies
Impact Period Medium-term and Long-term Medium-term and Long-term
Impact 1. Consumer preferences are shifting toward sustainable brands, notably within Purcotton’s 1. Accelerated industrialization of key technologies, including biodegradable materials and
Pathways & “Green Living” product line. Purcotton spunlace non-woven processes.
Affected 2. Promotes enterprises to develop recycled materials, degradable packaging, and low- 2. Creates new product application avenues, reduces dependency on traditional resources,
Operations carbon certified products, enabling expand premium market segments and enhancing and builds long-term technological moats and profitability.
brand equity.
Value Chain Core Production Operations, Clients Upstream, Core Production Operations
Exposure
Financial 1. Enhance product competitiveness, increase market share and customer stickiness. 1. New business lines incremental revenue and establish differentiated competitive barriers.
Impact
Description 2. Commands a price premium for green products, driving growth in both revenue and 2. Technological leadership translates into sustained profit growth.
gross margin.
Impact Level High High
product series.
Resilience 2. Promote green packaging solutions a to phase out traditional plastics.
Building 2. Expand market recognition and share for Purcotton sustainable products. 3. Upgrade to low-carbon production processes to reduce energy consumption.
Measures
capability.
Winner Medical Co., Ltd.
Climate Risk Management Metrics and Targets
The Company has integrated climate-related risks into its overall risk management The Company actively responds to the global climate action strategy and goals, steadily
framework. It continuously monitors shifts in objective climate conditions and the evolving improves the climate-related governance system, continuously promotes energy
external regulatory landscape to and ensure these risks are systematically identified, conservation and emission reduction in daily operations, and is committed to developing
assessed, managed, and disclosed. The Company conducts regular reviews and in-depth innovative, low-carbon, and green sustainable products. The company will focus on key
analysis of climate-related topics, oversees the progress of mitigation actions, and indicators such as energy use efficiency and greenhouse gas emissions the primary
continuously refines its risk control mechanisms and managerial capabilities. This ongoing tracking focuses and target directions The following table shows the core climate-related
process is designed to enhance organizational resilience to climate challenges. indicators we continuously monitor:
Indicators Unit 2025
We proactively track and analyze internal and external changes driven by Greenhouse Gas Emissions
Tonnes of carbon dioxide equivalent (tCO2e) 38,529.35
(Scope 1)
climate factors. By examining multiple dimensions—including external
Risk Greenhouse Gas Emissions
policy pressures, evolving market trends, the Company’s risk appetite, and Tonnes of carbon dioxide equivalent (tCO2e) 205,692.67
Identification (Scope 2-Location-based)
business operational models—we systematically identify and catalog
Greenhouse Gas Emissions
climate-related risks. Tonnes of carbon dioxide equivalent (tCO2e) 219,052.09
(Scope 2-Market-based)
Greenhouse Gas Emissions
Tonnes of carbon dioxide equivalent (tCO2e) 1,060,748.06
Climate-related risks are evaluated using a combination of quantitative (Scope 3)
analysis and qualitative judgment. This involves a comprehensive analysis Total Greenhouse Gas Tonnes of carbon dioxide equivalent
of the likelihood of various risk events and their potential impact on Emission Intensity (tCO2e)/RMB million of Revenue
Risk strategic objectives, financial performance, and operational continuity. The
Assessment process identifies material physical and transition risks to the business, The company has set greenhouse gas emission reduction
followed by a tiered assessment and prioritization to provide a scientific targets and decomposed them by department to promote
basis for formulating targeted response strategies. the formulation and implementation of corresponding
action improvement plans by each department. We
Response strategies are developed by balancing risk causes, the continuously improve the target review mechanism for
Company’s risk tolerance, and multiple factors including risk-return trade- reviewing, evaluating, and updating progress, regularly
offs, brand reputation, and social responsibility. Following in-depth monitor and evaluate the completion of targets and key
Risk analysis and evaluation, the Board of Directors reviews and approves results. We use greenhouse gas emissions as the The Company is
response actionable risk response strategies. These strategies aim to effectively monitoring indicator and adjust the action plan according committed to
prevent and mitigate major climate-related risks, thereby safeguarding to the evaluation results to ensure the achievement of the achieving its
Winner Group’s sustainable development. targets. This year, all emission reduction work has been
steadily advanced in accordance with the established
Carbon Peak
Supervision
Maintains continuous monitoring and management of climate risk targets, and the phased indicators have been completed as
by 2030.
mitigation efforts. In daily operations, we persistently optimize risk control scheduled, laying a solid foundation for achieving the
and
medium- and long-term carbon neutrality commitment.
Improvement mechanisms and management capabilities to strengthen the overall
organizational capacity to respond to climate risks. The specific emission reduction measures for this year are
detailed in the "Energy Utilization" section.
Accelerate Employee Growth
People-oriented, committed to talent investment, and working hand in
hand with employees to create a future together.
On the journey towards the "Centennial Visionary Winner", we always believe that employees are the most valuable asset of the enterprise and the core
support for its long-term development. Adhering to the core principle of "social value takes precedence over corporate value", Winner Group
incorporates "employee growth" into the core pillar of its ESG strategy. Relying on diverse practical measures, it is committed to building a people-
oriented, safe and inclusive development platform. The practical protection of employees' rights and interests, the empowerment of their career growth,
and the care for their physical and mental health are precisely the core confidence and powerful synergy for us to gather strength and strive towards
the " Centennial Visionary Winner".
Key ESG Topics Addressed in This Chapter
• Human Capital Development
• Occupational Health and Safety
• Labor and Human Rights
• Employee Well-being
• Diversity, Equality and Inclusion
SDGs Addressed in This Chapter
Winner Medical Co., Ltd.
Building a Talent Echelon
Winner Group continuously optimizes the allocation of human resources, shapes a positive organizational culture, fully stimulates employees' internal motivation, innovation potential and work enthusiasm,
and continuously improves the team's cohesion, execution and combat effectiveness, achieving common growth and development with employees. The Company formulates a medium-and long-term
human resources plan around its development strategy and business plan. Guided by the talent concept of "high-quality, high-education, high-performance, high-return", it actively explores talent
management, expands talent introduction channels through multiple channels and in an all-round way in areas such as campus recruitment, online recruitment and internal referrals. At the same time, it
deepens the talent retention strategy and strives to build a professional and international talent team.
Talent Introduction and Retention
We systematically integrate diversified recruitment channels such as online recruitment platforms, offline campus recruitment, third-party talent agencies and internal employee referrals to meet the talent
needs of the Company's internationalization and local business development in China. At the same time, the Company continuously promotes internal mobility and talent reuse. In 2025, the proportion of
vacant positions filled through internal recruitment at the Company headquarters was 17%.
In 2025, to support the Company's global business development and layout, we continuously optimized the talent ratio at all levels and in all business fields, focused on international, regional and market-
oriented talents, and enriched the diverse composition of the talent team by combining local recruitment and international talent introduction. In terms of building an international talent team, the
Company continuously improved the integration of foreign employees into the Chinese market and the global vision of Chinese expatriate employees through phased training. Thanks to the above
measures, the overall cooperation efficiency of our international team increased by about 20%, and the annual retention rate of key foreign talents reached 100%, effectively supporting the expansion of
overseas business.
Winner Medical was Purcotton was Purcotton was
awarded the recognized as the honored by
CIWEI “2025 Most Influential Employer” China Talent Group (CTG) as the
“2025 Youth-Friendly Employer Brand” by haitou.cc “2025 Best Employer”
Winner Medical Co., Ltd.
Compensation and Performance
Centered around the achievement of strategic goals, the Company builds a comprehensive compensation and reward system covering fixed salary, bonus incentives, equity incentives and social insurance,
aiming at the core incentive goals of "stimulating organizational vitality, attracting and retaining outstanding talents, guiding for success and improving organizational efficiency".
Compensation Incentives Performance Evaluation Highlighted Performance
In terms of fixed salary, the Company determines the salary The Company has established a complete transmission Proportion of employees undergoing performance
standard according to the position value and employee mechanism from strategic goals to organizational performance and career development assessments in 2025
abilities, and makes dynamic adjustments with position
changes or ability improvements. The Company regularly
and then to individual performance. Through systematic goal
decomposition, development tasks are gradually implemented
updates the standard with reference to the industry salary level, into the specific work of each employee. In daily performance
and implements salary adjustments based on employees' management, the Company implements a goal management
performance and position changes to reasonably balance system for all employees. The assessment cycle is set in Performance Feedback and Appeal
corporate costs and employee benefits. combination with business characteristics and job levels.
Different teams adopt monthly, quarterly, and semi-annual
In terms of incentive bonuses, the Company establishes a In terms of performance feedback, the Company focuses on
assessments respectively. For key scenarios such as
differentiated assessment mechanism based on business facilitating employees' growth through regular communication.
probationary period completion and promotion, the Company
characteristics and functional position differences, determines It regularly organizes department heads to conduct
conducts 360-degree evaluations to comprehensively assess
the incentive level according to employees' performance performance interviews and feedback with employees to help
employees' overall qualities from multiple dimensions. The
contributions and goal-achievement situations, taking into improve individual performance, thereby enhancing
performance evaluation results are applied in areas related to
account both short-term business results and long-term organizational performance and achieving the Company's
employees' personal development and income, such as bonus
strategic value. The Company also implements long-term performance goals. For employees' ability shortages or
distribution, promotion, salary adjustment, and merit
incentive plans such as restricted stocks, continuously improves performance gaps, the Company formulates performance
evaluation, forming a closed-loop management.
the diversified incentive system to attract and retain core improvement plans to help employees improve work efficiency
talents, and plans to optimize and launch a new long-term and promote career development.
incentive plan in 2026 to promote the common development of
employees and the enterprise. In terms of performance appeals, the Company has established
a convenient and unobstructed appeal channel to ensure that
employees' legitimate demands are fully responded to. If
employees have different opinions on their individual
performance results, they can initiate a performance appeal to
the Human Resources Department.
Winner Medical Co., Ltd.
Performance Feedback and Appeal
In terms of performance feedback, the Company focuses on facilitating employees' growth through regular communication. It regularly organizes department heads to conduct performance interviews and
feedback with employees to help improve individual performance, thereby enhancing organizational performance and achieving the Company's performance goals. For employees' ability shortages or
performance gaps, the Company formulates performance improvement plans to help employees improve work efficiency and promote career development.
Employee Training
To support the implementation of its strategy, the Company has established the To effectively support the employee training and development system and
"WIN Series," a structured, multi-tiered talent development program aligned with overall training operations, the Company has established foundational
its strategic goals and competency framework. The program is designed to mechanisms, including the management of trainers, training records, and
support employees across all career stages and consists of three core initiatives: training resources. Furthermore, leveraging the "Winner E-Academy" digital
learning platform, we have enhanced relevant training policies and procedures
to ensure that talent development is carried out in a standardized, orderly, and
continuously improving manner.
Highlighted Performance
Winner Group's "Win Series" Talent Cultivation Plan
Win New Plan Win Talent Plan Win Leadership Plan
coverage rate employees
New Employee Training Professional Ability Training Leadership Training
Digital Training Platform： Mentorship System： Training Activities： Training Budget：
The Winner E-Academy integrates Establish a company-wide database of Build the "Lecturer Festival" into a Set a training budget every year, clarify
courses in multiple fields such as mentors and implement a professional branded training activity to encourage course categories, time, and expenses
marketing, products, general abilities, mentorship system to give full play to knowledge transfer and sharing, and to ensure scientific planning and clear
and corporate culture, supporting the experience advantages of senior create a cultural atmosphere of "loving order.
employees to study independently employees and promote the effective to share and learn“.
according to their own time and inheritance and sharing of internal
learning progress. valuable experience.
Winner Medical Co., Ltd.
New Employee Training
New employee training focuses on the core goals of "comprehensive understanding, rapid integration, and ability adaptation", and is divided into new employee onboarding training
and special training for fresh graduates. Through various forms of training, it helps new employees quickly complete the role transformation and lay a solid foundation for subsequent
work.
New Employee Onboarding Training： Spring Seedling Training Camp：
Through various forms such as centralized lectures and The Spring Seedling Training Camp prepares recent In 2025, we introduced the "Spring Bud (Intern) Special"
online learning, detailed information about the Company's graduates for professional life through a blend of intensive program for university students in their final year of study.
corporate culture, rules and regulations, organizational sessions, mentorship, and practical projects. Participants Through early identification, pre-placement development,
structure, business segments, strategic directions, and gain essential company knowledge, learn about our culture and structured onboarding, this initiative enhances
product knowledge is introduced to enable new and structure, and build foundational workplace skills. The role-readiness, expands our talent pipeline, shortens
employees to have a comprehensive understanding of the program supports a smooth transition from campus to time-to-productivity, and strengthens our leadership
Company, quickly learn about the Company's basic career, enabling graduates to adapt quickly, acquire core succession plan.
situation, integrate into the corporate culture, and master professional competencies, and develop into future talent
basic work norms. for the Company.
Spring Seedling (Fresh Graduate) Training Program
Winner Medical Co., Ltd.
Professional Competence Development Leadership Development Lean Development of Front-line
Professional competence development adheres to the The leadership development program launched the "Win Employees
concept of "everyone as a teacher", creates an internal Leadership Plan", with junior and senior classes. Relying on a
sharing and communication platform, and through clear cultivation plan, through various cultivation methods, To continuously cultivate talents with both lean management
regular knowledge extraction and inheritance, promotes cultivate a management echelon that can win battles and knowledge and front-line practical ability, the Company has
the systematic transformation of organizational wisdom achieve goals. launched a lean training class for manufacturing subsidiaries,
into team combat effectiveness, continuously aiming to systematically improve the trainees' lean thinking and
consolidating the foundation of the professional on-site problem-solving ability, and promote the whole-staff
competence of the talent team. improvement culture.
Case
Project
In 2025, the training class was carried out along the path of
Outstanding Team Leader Training Camp
"cognition-practice-thinking", lasting for 6 months, with a total
In 2025, the Company's "Win Leadership Plan" leadership training of 56 training sessions, covering 45 trainees, and a total of 14
For factory managers, through various forms such as project focused on cultivating more than 80 high-potential
courses were set up. The training adopted a model that
centralized training, on-site practice, mentor guidance, managers. The project adopted a hierarchical cultivation model for
combined daily participation, exam evaluation, and practical
and experience sharing meetings, combined with the juniors and intermediates to achieve precise empowerment. A
batch of high-quality courses such as "Lifelong Growth", application, effectively strengthening the trainees' lean thinking
actual production scenarios of the factory, conduct
"Application and Practice of Cost-Volume-Profit Analysis", and and promoting the implementation and popularization of lean
training on on-site management, team collaboration and
"DSTE Strategic Management" emerged from the curriculum methods on the production front line.
communication, and production efficiency optimization. system, with content close to actual combat and highly inspiring.
Improve on-site management ability, team collaboration The trainees gave positive feedback and generally believed that
ability, and production efficiency optimization ability, the course content was close to actual combat and highly
create an excellent grassroots management team, and inspiring.
ensure the efficient and stable production and operation By systematically upgrading the curriculum system and teaching
of the factory. staff, strengthening practical exercises and closed-loop
management, and closely linking learning outcomes with cadre
development, the "Win Leadership Plan" leadership training project
Store General Manager Project
effectively forged a future leadership echelon that meets the
Company's strategic needs and injected core impetus into the
To strengthen the reserve force of regional managers, organization's sustainable development.
select outstanding store manager representatives as
Jiayu Winner "Lean Training Class"
reserve talents for regional managers for cultivation.
During the project, project members assume the
responsibilities of the general store manager role (the
project is equipped with a virtual practice position), and
are trained by senior or intermediate regional managers
as teaching mentors through project experience, intensive
training and communication, and on-the-job teaching.
After passing the project certification, they will officially
enter the reserve talent pool for regional managers and be "Win Leadership Plan" Leadership Development Training Camp
eligible to compete for the position of regional manager.
Winner Medical Co., Ltd.
Career Development
The Company is committed to breaking through the "ceiling" and "one-way street" of career development and building a diversified, parallel, and interconnected career development system. By establishing
a dual-channel mechanism with parallel management and professional paths, employees can choose to develop in-depth in the technical or business fields, or be promoted to management positions
across channels, achieving horizontal movement and vertical promotion.
Qualification System Talent Evaluation System Promotion and Advancement System
We have established a clear qualification standard, certification, The Company maintains a structured talent assessment The Company has established a comprehensive promotion and
and management system, which outlines a visible and achievable framework. An annual talent review, aligned with corporate advancement management system and conducts promotion and
career blueprint for employees and lays a solid foundation for strategy, evaluates employees based on performance and advancement reviews annually. Promotions are performance-
employee growth and organizational efficiency improvement. In potential, placing them within a nine-box matrix. Each segment oriented, comprehensively considering employees' basic
certification of qualifications for core value positions, completing corresponding management actions and development plans. by-step. This encourages employees to continuously improve
the development of 18 positions in the e-commerce, overseas, This review effectively identifies high-potential individuals and and progress. We provide timely incentives and development
merchandise, R&D, and finance fields. We plan to achieve a informs targeted talent strategies. The resulting insights serve as opportunities for high-potential and high-performing
core value positions by 2028. selection, development, promotion, compensation, rotation, and support their rapid career development.
succession planning.
Competency Standards WIN-WIN Talent Model
• Knowledge and Skills (Knowledge List, Skill List)
• Basic Requirements (Experience, Length of Service,
Performance, Key Events)
High guality, highly educated,
• Core Competencies (Channel Competency)
high performance, and high return
Leadership WIN Potential WIN
Winner
Qualification
Interpersonal
Standards
Willing huge
Never-stop
Innovating
Numerous
methods
strategy
Insight
Wise
Behavioral Standards Contribute Standards
• Professional Behavioral • Platform Development (e.g.,
Standard systems, processes, standards) Core values: Hard work, innovation, self-criticism,
• Knowledge sharing and sustainable development
• Talent cultivation
Winner Medical Co., Ltd.
Protecting Employee Rights
The Company has established a comprehensive promotion and advancement management system and conducts promotion and advancement reviews annually. Promotions are performance-oriented,
comprehensively considering employees' basic qualifications and value contributions, and are carried out step-by-step. This encourages employees to continuously improve and progress. We provide
timely incentives and development opportunities for high-potential and high-performing employees, enabling outstanding talents to stand out and support their rapid career development.
Compliant Employment
Winner Group always takes safeguarding employees' legitimate rights and interests and ensuring basic human rights as the core tenet of compliant employment. It strictly abides by domestic laws and
regulations such as the Labor Law of the People's Republic of China and the Labor Contract Law of the People's Republic of China. Meanwhile, it follows international human-rights standards such as the
Universal Declaration of Human Rights of the United Nations and the core conventions of the International Labour Organization. Upholding the business principle that social value takes precedence over
corporate value, it comprehensively standardizes the entire employment process including recruitment, employment, and management. In 2025, the Company formulated and publicly released the
Employee Code of Conduct of Winner Group and the Human Rights Policy of Winner Group in accordance with internal management requirements. At the same time, it updated the Attendance and Leave
Management System according to the latest national policies and laws and regulations, fully demonstrating the Company's high-level attention and sense of responsibility for safeguarding employees'
rights and interests.
Protection of Labor Rights and Interests
Winner Group legally signs standardized labor contracts with all The wage level meets or exceeds the local legal benchmark and The Company strictly implements the relevant national and local
on-the-job employees, clearly defining the rights and the reasonable industry level. regulations on rest and leave, refines the leave management
obligations of both parties. It firmly opposes all forms of child process, and ensures that employees enjoy various leave rights
The Company has established a regular employee
labor and forced labor, strictly resists all kinds of illegal such as paid annual leave and legal holidays in accordance with
communication mechanism. It regularly conducts equal
employment practices, and prohibits employment discrimination the law.
communication and discussions with employee representatives
based on factors such as gender, ethnicity, religion, and age,
on matters that employees are concerned about, such as the In 2025, Winner Group did not have any illegal employment
effectively ensuring that all employees have equal access to
improvement of working conditions and the optimization of incidents such as the use of child labor, forced labor,
employment opportunities and career development space.
salary and benefits. It seriously listens to employees' reasonable employment discrimination and wage arrears.
demands and continuously optimizes management measures. At
The Company has established a standardized and complete
the same time, it regularly conducts a full-staff salary difference
working-hour and salary management system. It scientifically
assessment and salary fairness monitoring, strictly implements
sets reasonable working-hour standards, reasonably controls
the principle of equal pay for equal work, and ensures fair and
and optimizes the daily and peak-season working-hour
just salary distribution.
arrangements, and promptly and properly handles all kinds of
abnormal working-hour situations. It strictly implements the On the basis of legally paying basic social insurance for all
relevant regulations on salary payment to ensure that employees employees, the Company, in line with its own development
receive their labor remuneration and overtime compensation in reality, provides more comprehensive support for employees'
full and on time. rights and interests.
Winner Medical Co., Ltd.
Diversity, Equality, and Inclusion
Winner Group always integrates the concept of Diversity, Equality, and Inclusion (DEI) into corporate operations. Based on the business positioning of the coordinated development of the medical and
consumer goods sectors, the Company adheres to the principles of respect and fairness, builds a zero-discrimination and inclusive workplace environment, and safeguards the legitimate rights and
interests and personal dignity of all employees. The Company has established a system based on the Anti-Discrimination Code of Conduct of Winner Group and the Anti-Sexual Harassment Code of
Conduct of Winner Group. In 2025, it formulated and released the Diversity, Equality, and Inclusion Policy of Winner Group, clearly prohibiting discriminatory behaviors based on any identity characteristics
such as race, gender, age, ethnicity, religion, and disability status. The Company also clarifies the definition criteria and handling procedures for workplace harassment and maintains a zero-tolerance
attitude towards discrimination and harassment incidents.
Recruitment Process Promotion Process
The Company implements a fair and transparent recruitment process, with job The Company has established a multi-dimensional promotion evaluation mechanism,
qualifications and personal abilities as the core recruitment criteria. The Company does breaking down various identity barriers and providing equal career growth paths and
not set identity restrictions unrelated to job performance and implements anti- development opportunities for all employees, ensuring that employees' development
discrimination requirements from the recruitment stage. rights are not affected by identity differences.
To ensure the implementation of anti-discrimination and anti-harassment work, the Company has set up an open and unblocked anonymous reporting channel, supported by a complete anti-retaliation
protection mechanism. We designate a specific person to be responsible for verification and handling, ensuring that issues such as discrimination and harassment are handled in a timely and fair manner
and safeguarding employees' legitimate rights and interests.
In 2025, there were 393 ethnic-minority employees in Winner Group, accounting for 2.8% of the total
number of employees in the Company21. Among them, the number of employees of the Zhuang, Tujia, Employee Diversity Performance Data21 2025
Miao, and Manchu ethnic groups was relatively large. According to statistics, Zhuang employees
accounted for 0.75% of the total number of employees in the Company and 0.74% in management Proportion of Female Employees 67.6%
positions; Tujia employees accounted for 0.53% of the total number of employees in the Company
and 0.49% in management positions; Miao and Manchu employees each accounted for 0.21% of the Proportion of Female Managers 64.3%
total number of employees in the Company, and their proportions in management positions were
Proportion of Female Junior Managers 68.8%
The Company attaches great importance to cultivating an inclusive culture. Based on anti- Proportion of Female Senior Managers 46.6%
discrimination and anti-harassment, the Company respects the diverse cultural backgrounds and life Proportion of Female Managers in Revenue-Generating
beliefs of employees and strictly prohibits workplace bullying. Through diversified theme activities, 71.4%
Departments
special lectures on anti-discrimination and anti-harassment, and cross-departmental communication
Proportion of Female Employees in STEM-Related Positions 36.1%
and collaboration, the Company conveys the concept of equality and inclusion to all employees,
guides employees to respect and tolerate each other, and enhances team cohesion. In addition, the
Company strictly follows the principle of equal pay for equal work, determines salaries based on job
value and personal abilities, ensures fair and just salary distribution, implements the concepts of
diversity, equality, and inclusion, promotes anti-discrimination and anti-harassment work, and
consolidates the foundation for safeguarding employees' rights and interests. During the reporting report's scope due to differing local regulatory requirements and limitations in data availability.
period, no discrimination or harassment incidents occurred in the Company.
Winner Medical Co., Ltd.
Personal and Family Care Project: Winner Pingan-
Employee Care Case
Autumn Scholarship Program
The Company pays attention to the physical and mental health and daily needs of employees.
To further enhance the enterprise's cohesion, stimulate employees' enthusiasm for loving
From health check-ups, convenient facilities to special care, it builds a multi-level welfare
their jobs and making active contributions, and encourage employees' children to study
system to make employees truly feel the warmth of the enterprise.
hard and pursue excellence, the Company gives special rewards to the children of
employees who are admitted to universities in the current year. It supports the
development of employees' families with practical actions, conveys the warmth of the
Employee Welfare System enterprise, helps employees and the enterprise grow together, continuously fulfills its
social responsibilities to employees and their families, and promotes the sustainable
development of the enterprise. In 2025, Winner Pingan provided school-aid rewards to 22
Winner Group Welfare System children of employees, with a total of RMB40,000 distributed.
Social Security: Five Insurances and One Housing Fund, Commercial Insurance,
Peace of
Accident Insurance, Employer Liability Insurance
Mind
Leave Entitlements: Annual Leave, Paid Sick Leave, Parental Leave,
Guarantee
Bereavement Leave, etc.
Health Screening: Annual Physical Examination
Medical Care Guarantee: Comprehensive Medical Insurance, Green Channel for Winner Pingan-Autumn Scholarship Program
Health
Severe Diseases
Protection
Health Empowerment: Employee Canteen, Massage and Physiotherapy, Health
Promoting Employee Health: Opening
Activities Case
the Employee Gym
Onboarding Care: Gift Packages, In-house Purchase Discounts To advocate a healthy lifestyle, alleviate workplace stress, and enhance employees'
physical fitness, the Company opens an exclusive gym for all employees for free. The gym
Growth Anniversary Incentives: Gifts, Bonuses for Senior Employees
is equipped with professional sports equipment, providing a safe, convenient, and
Companion Maternity Care: Gift Packages, Prenatal Check-up/Maternity Leave/Paternity comfortable fitness environment to encourage employees to exercise regularly after work
ship Leave
and maintain physical and mental vitality.
Retirement Care: Retirement Farewell Souvenirs
Living Guarantee: Welfare Housing
Festival Care: Unified Welfare, Festival Activities
Happiness
Enhanceme Spiritual and Cultural Activities: Sports Gatherings, Mountain Climbing, Team-
building, Clubs, Gym
nt
Personal and Family Care: Employee Children's School-Aid, Assistance for Winner Group Employee Gym
Difficult Families, Love Association
Winner Medical Co., Ltd.
Promoting Physical and Mental Health
Basic Living Guarantee Employee Humanistic Care
Improving the basic supporting facilities of the work environment: Each floor of the Company is Festival Welfare and Culture: On important festivals such as International Women's Day, the Dragon Boat
equipped with convenience facilities such as tea rooms, water bars, snack cabinets, refrigerators, and Festival, the Mid-Autumn Festival, and the Spring Festival, the Company distributes welfare gifts to
microwave ovens, providing a comfortable resting space for employees during work breaks and relieving employees and holds corresponding cultural activities to enrich employees' spiritual lives.
work fatigue.
Exclusive Maternity Care: Focusing on pregnant and postpartum mothers, the Company issues pink
Providing high-quality catering benefits: An employee canteen is set up, offering a variety of food work-ID tags to expectant mothers, giving them privileges such as no queuing in the canteen and priority
options such as special stir-fries, noodles, and spicy hot pots. At the same time, exclusive catering in the elevator. It sets up and upgrades mother-and-baby rooms, improves facility configuration, and
discounts for employees are introduced to improve employees' quality of life. provides convenience for breastfeeding female employees. It also prepares maternity gift packages for
pregnant and postpartum mothers (including the families of male employees).
Family-friendly Holiday Support: The Company strictly adheres to national and local regulations
regarding maternity leave and provides employees with a more supportive parental leave policy to
comprehensively assist employees in balancing work and family. In 2025, a total of 433 employees applied
for and took parental leave as primary caregivers22, with an average leave of about 13.54 weeks per
person. Meanwhile, 95 employees used this benefit as non-primary caregivers, with an average leave of
about 1.69 weeks per person.23
Assistance for employees in difficulty：Establish a comprehensive assistance mechanism and process to
provide timely support to employees in difficulty and relieve their living pressure.
Winner Basic Living Guarantee
Special Health Protection
Annual Employee Physical Examination: Provide annual physical examination services for all employees.
Highlight Performance
Regular Health Services: Conduct welfare activities such as massage and physiotherapy, health
This year, the Company has made efforts in assisting employees in difficulty.
consultations, and traditional Chinese medicine consultations every quarter to relieve employees' sub-
health problems in the workplace. Increase lectures or guidance services on mental health to take care of
Assisted employees Invested funds for assisting Helped families in
employees' physical and mental health.
in difficulty employees in difficulty difficulty
Conducting First-Aid Training: Continuously conduct first-aid training to help employees master basic
first-aid skills for self-protection and mutual assistance. 73 people RMB 378,600 11 families
Massage and Physiotherapy Health Consultation First-Aid Training statutory parental leave and relevant family leave support provided by the Company.
parental leave data of employees in the US and Vietnam companies are not included in the statistics of this report for the
time being.
Winner Medical Co., Ltd.
Cultural and Sports Activities
As a listed company deeply involved in the medical health and consumer goods fields, Winner Group extends its concern for health from products to employee well-being and actively advocates a healthy
sports culture. The Company regularly holds brand sports events such as the "Spring Fitness Festival", "Ten Peaks Challenge", and "Autumn Wutong Mountain Hiking Event" every year, and supports the
establishment of six employee clubs for badminton, basketball, table tennis, tennis, dance fitness, and outdoor running. These rich activities strengthen employees' physical fitness and enrich their spare
time.
Campaign activities are carried out during major promotion periods such as the 618
Winner Medical and Purcotton
and Double 11 sales events. These activities use goal-driven incentives and morale-
effectively improved team
boosting displays to rally the team spirit and transform business challenges into
collaboration and cohesion by
collective strength.
holding the "Spring Fitness
Festival" that combines physical
and mental competitions.
The Company supports employees in spontaneously forming diverse interest clubs.
Regular activities in these clubs promote employees' physical and mental health,
enhance social connections, and improve organizational belonging.
Huanggang Winner carried out regular health-running activities every Friday
afternoon, which effectively improved employees' physical and mental health and
elevated physical exercise to a cultural carrier for team cohesion building.
Wuhan Winner organized trainees in the Win Leadership Program to conduct winter
hiking and team challenges. Through practice, the team spirit of collaboration was
honed, and the centripetal force for development was strengthened.
Winner Medical Co., Ltd.
Communication and listening
The Company is dedicated to fostering a transparent, open, and equitable communication culture. Through institutional frameworks, channel development, and cultural advocacy, it ensures two-way
information flow and that employee voices are effectively heard and addressed. We champion a “de-layered” communication environment. Neither the Company’s founder nor its senior executives
maintain private offices; instead, they work in shared spaces alongside employees to facilitate spontaneous interaction. Internally, the practice of using formal titles such as “General Manager” is
discouraged, a detail that embodies our principle of equality and the absence of privilege. This encourages frontline employees to engage in direct and candid dialogue with managers at all levels,
including the founder.
The Company fully uses online collaboration tools such as Feishu to support instant and flat communication among all employees and operates an internal forum as an open community for daily sharing
and suggestions. At the institutional level, managers at all levels maintain regular interaction with employees through one-on-one and team meetings. HRBPs regularly organize special communication
sessions on performance, promotion, etc. At the same time, informal exchanges such as department brainstorming sessions and innovation days are encouraged to strengthen learning and connections
among employees.
Employee Appeal and Feedback Mechanism Employee Satisfaction Survey
In 2025, the Company further upgraded its employee feedback To continuously optimize the employee experience, the The Company attaches great importance to the application of
system, building an online platform that integrates employee Company conducts regular full-scale satisfaction surveys by survey results and forms a closed-loop management mechanism
suggestions, feedback, and complaints. It implements confidential business unit. The survey covers multiple dimensions such as of "diagnosis-improvement-tracking".
management of appeals and fair and just handling. We formulated work experience, development support, team atmosphere, and
and issued the Management Specification for Employee Complaints mental state. Specific topics include but are not limited to: By differentiating business segments, conducting periodic
and Appeals of Winner Group and the Operation and Management perception of work pressure (e.g., "My colleagues often feel the systematic research, and making targeted improvements, the
Specification for the Labor Dispute Mediation Committee of Winner pressure of criticism or non-recognition"), support and Company can accurately respond to the demands of employees
Group Headquarters, standardizing the dispute-handling process at development empowerment from superiors (e.g., "My superior in different business segments and continuously promote the
the institutional level to ensure that employee rights and interests encourages me to develop at work", "My leader encourages me improvement of organizational health and employee
are protected with clear regulations and procedures, forming a to try new ideas"), and the effectiveness of feedback (e.g., "I feel satisfaction.
management closed-loop of "listening-responding-improving". that my opinions are valued at work").
Winner Medical completed its 3rd survey in 2024, with an overall score of 4.15 (out of 5). Based on the
survey insights, the Company designated 2025 as the "Year of Employee Experience Improvement" and
Winner Medical
implemented a series of improvement measures focusing on atmosphere improvement, cohesion
enhancement, and humanistic care.
Purcotton completed its latest round of research in 2025, with an overall score of 4.21 (out of 5). The
Purcotton
relevant improvement directions have also been included in its business management priorities.
Winner Medical Co., Ltd.
Protecting Health and Safety
Winner Group always regards employee health and safe production as the foundation of the Company's sustainable development and an important manifestation of fulfilling social responsibilities. It
places occupational health protection and safe production control in a key position in its business development. The Company adheres to the five-character policy of "prevention, treatment, management,
education, and construction" to strengthen the occupational health defense line, is committed to building a safe and healthy working environment, and effectively protects the physical and mental health
of every employee, demonstrating the core concept of "caring for life" and the responsibility and original intention of protecting life and health.
Occupational Health and Safety Safe Production Management System
To effectively safeguard the health and safety rights and
interests of all stakeholders, in 2025, the Company Work Safety Management
formulated and released the Winner Group Occupational Committee
Health and Safety Policy covering all employees, Director: Chairman
contractors, suppliers, and visitors. Adhering to the Committee Member
principle of "life first", the Company established the
management goal of "zero accidents and zero
occupational diseases". By continuously improving the
occupational health and safety management system,
deepening risk classification management and control and Deputy Committee Member
emergency drills, and strengthening the publicity of safety Member
culture, the Company systematically consolidates the
foundation of safety management and comprehensively
improves the level of intrinsic safety.
Winner Group has established a well-defined Work Safety Management Office
Volunteer Fire
organizational structure for work safety to ensure clear
Brigade Director
responsibilities and effective management. The Company’s
Member
Chairman serves as the Director of the Work Safety
Management Committee ( the "Safety Committee" for
short), under which a Work Safety Management Office has
been set up. Additionally, each production department has
its own work safety team.
Team 1 Team 2 Team 3 Team 4 Team 5 Team 6 Team 7 Team 8 Team 9 Team 10 Team 11 Team 12
Leader Leader Leader Leader Leader Leader Leader Leader Leader Leader Leader Leader
Chongyang Wuhan Huanggang Huanggang Pingan Jingmen Tianmen Jingzhou Shenzhen Guilin Jiayu Yichang
Winner Winner Medical Purcotton Winner Winner Winner Winner Winner Winner Winner Winner
Winner Medical Co., Ltd.
Safe Production Management System Identification and Assessment of Work Safety Risks
The Company strictly abides by laws and regulations such as the Law on Work Safety and the The Company follows the work safety management logic of "first identify, then assess, and then
Law on Prevention and Control of Occupational Disease. Guided by the ISO 45001 standard, it control", and regularly conducts the identification and assessment of occupational health and
has established and improved internal management systems such as the Responsibility System safety risks, comprehensively investigates and clarifies various factors that may cause harm to
for Work Safety, System of Work Safety Meeting, Safety Education and Training System, and employees. On this basis, we have established a standardized and implementable risk
Safety Hazard Investigation and Handling Regulation. In 2025, the Company updated and issued assessment process, and clarified the investigation responsibilities and assessment frequencies
maintained a long-term and effective mechanism to ensure the standardized and orderly
operation of all safety management work. Based on the standardized risk assessment process, the Company conducts quantitative and
qualitative analyses of the identified risks (using the calculation method of risk value D = L × E ×
As of the end of the reporting period, Winner Group, Shenzhen Winner, Chongyang Winner, C, where L represents possibility, E represents exposure frequency, and C represents the severity
Jingmen Winner, Huanggang Winner, Jiayu Winner, Tianmen Winner, and Wuhan Winner have of consequences), and implements hierarchical and dynamic control based on the results. The
obtained ISO 45001 Occupational Health and Safety Management System certification, risk levels are divided from high to low into major, relatively large, general, and low risks,
achieving an 87.5% coverage rate across the Company's self-operated production facilities. corresponding to the four-color markings of red, orange, yellow, and blue respectively.
To strengthen on-site risk warning and employees' awareness, the Company posts risk
Highlight Achievements
notification cards and four-color distribution maps at prominent positions in each production
ISO 45001 certification coverage of self-operated production facilities 87.5% workshop and operation area to visualize safety risks. In 2025, we promoted all subsidiaries to
comprehensively complete the identification and grading of risk sources in the workplace to
ensure that front-line employees can clearly understand the risks around their positions and
effectively improve their risk prevention ability and emergency response awareness.
Safety Management Objectives
Implement the Mechanism of Internal Hazard Reporting and Reward
To consolidate the foundation of work safety and safeguard the legitimate rights and interests
of employees, the Company has defined the core safety management objectives for 2025 and
The Company established and implemented a comprehensive mechanism of internal reporting
made every effort to protect the safety of employees' operations. Through measures such as
and reward for identifying safety hazards within production and operational units. Employees
strengthening safety management and improving the quality and effectiveness of safety
are encouraged to report safety hazards through the "Safety Hazard Snapshot" initiative by
training, the Company aims to control the million-injury rate below 1.9, and effectively
scanning a WeChat QR code. The Work Safety Management Office monitors and follows up on
strengthen the safety protection line for workers. At the same time, the Company strictly
these reports daily, ensuring a closed-loop process of rectification. Employees who report
implements the annual employee safety training plan, continuously enriches the training content
hazards receive rewards, encouraging frontline staff to get involved. Additionally, we conduct
and innovates the training form to ensure a 100% safety training coverage rate,
both regular and ad-hoc inspections to eliminate potential hazards, enforce safety regulations,
comprehensively improve the safety awareness and safety skills of all employees, and promote
and promptly identify and rectify work safety issues, ensuring a safe and secure workplace.
the continuous improvement of safety management levels. In this year, the Company did not
experience any major work safety accidents and was not subject to any administrative penalties
in the field of work safety.
Reduce the million-injury rate of employees to 1.9 Achieved
Note: The boundary of this target is limited to production sites within the Company and does
not include headquarters offices or other non-production operational premises.
Winner Medical Co., Ltd.
The Company Sets up an Incentive Award Fund for Safety Occupational Health Management
Management The Company has formulated the Occupational Health Management System to clarify various requirements for
occupational health management, effectively ensuring that employees are not affected by occupational disease
To systematically improve the participation in safety management, the Company has established a special hazard factors during the production process, preventing the occurrence of occupational diseases, and legally
safety incentive fund. This mechanism aims to tilt the safety incentive resources towards front-line grass-roots protecting the legitimate rights and interests of occupational disease patients. At the same time, the Company
employees to effectively stimulate the enthusiasm of all employees to actively pay attention to and participate comprehensively understands the distribution, concentration, and intensity of occupational disease hazard
in safety management. In 2026, the Company will further clarify the internal safety reward standards, formulate factors in the workplace, precisely controls the occupational health monitoring status of workers, strictly fulfills
the incentive conditions and distribution processes to ensure that the incentive measures effectively cover the main responsibility for occupational disease prevention, and solidly carries out various occupational disease
grass-roots positions and guide all employees to jointly attach importance to and practice work safety. prevention work. For workplaces involving occupational disease hazards, the Company regularly organizes
employees to conduct occupational disease health examinations and monitors occupational disease hazard
factors in the work environment every year, and promptly reports the examination and monitoring results to the
occupational disease monitoring system as required to achieve standardized occupational health management.
In 2025, there were no reported occupational disease cases across Winner Group. The Company maintained
Safety Inspections and Emergency Drills 100% coverage for all employees under both statutory work injury insurance and supplemental workplace
safety liability insurance.
The safety management departments of each subsidiary strictly implement the weekly safety hazards
investigation work, record and summarize the discovered hazards in detail, output standardized safety hazards Safety Culture Construction
reports, and track the progress of hazards rectification throughout the process to ensure that all hazards are
cleared in a closed-loop manner. The Company adheres to the promotion of the safety culture of "work safety and healthy development" and
establishes a management mechanism for work safety education and training. It conducts training for
The Company's Work Safety Committee organizes comprehensive safety hazard inspections across the entire
employees on safety-related knowledge, including the safety production policy, the Company's EHS policy, and
group on a quarterly basis. It conducts special assessments based on the actual safety management situations
safety requirements for employees. New employees and employees changing positions are provided with
of each subsidiary and simultaneously carries out safety production competitions to strengthen the safety
three-level safety education and training to enhance employees' safety awareness. In addition, the Company
management foundation of each unit. The Company conducts emergency drills every six months to enhance
formulates special safety training courseware on a quarterly basis to implement safety education and training,
the emergency response capabilities of all employees. During the annual Safety Production Month, the
enabling full-staff participation, improving employees' safety awareness, preventing casualty accidents, and
Company organizes employees to participate in promotional activities such as safety production knowledge
reducing occupational hazards.
competitions to further strengthen employees' safety awareness.
Highlight Achievements
Highlight Achievements Number of safety Number of person- Coverage rate of
training sessions times of safety training employees' safety
The Company Headquarter organized The Company organized
Supplier Safety Management
The Company has formulated the Code of Conduct for Suppliers in the Winner Group Supply Chain, clarifying
the basic management requirements for suppliers and contractors in terms of health and safety, extending
health and safety management to all aspects of the supply chain, and attaching great importance to the
protection of labor rights in the supply chain. For suppliers providing engineering construction or services, the
Company clearly includes relevant requirements for their safety management in the cooperation contracts to
ensure that suppliers strictly abide by the regulations and fulfill their health and safety management
responsibilities. In 2025, there were no work-related fatalities among contractors of the Winner Group.
Drive Community Thriving
Adhere to the principle that social value takes precedence over
corporate value and enhance social trust.
The Company has always integrated its development into the pulse of the community. Its in-depth expertise in the medical and health field naturally
extends to a profound concern for community well-being. By building a multi-dimensional and collaborative public welfare network, the Company has
built an invisible bridge between professional resources and community needs, forming a support system that responds to both immediate needs and
long-term development. The Company integrates social responsibility into its daily operations and establishes a deep understanding with the
community through continuous value transmission, providing a compassionate corporate example for sustainable development.
Topics Addressed in This Chapter
• Social Contribution
• Medical Accessibility
• Rural Revitalization
SDGs Addressed in This Chapter
Winner Medical Co., Ltd.
Charity Sale Gathers Love, Winner Focuses
Practicing Social Responsibility Case
on Protecting Women and Children
To support the well-being of women and children and mobilize social forces for
The Company always upholds the principle that “social value takes precedence over
public welfare, the Company, in collaboration with the Longhua District Charity
corporate value”. Leveraging its core business in medical and health, the Company
Federation, held a charity event themed "Safeguarding the Health of Women and
systematically fulfills its corporate social responsibility across four dimensions: improving
Children" on March 7, 2025. By adopting an innovative charity model, it effectively
medical accessibility, caring for women and children, environmental public welfare, and
integrated corporate resources with societal needs, injecting new vitality into the
disaster relief.
“Floral Guardian” Care Program. The event attracted over 2,000 participants by
In improving medical accessibility, leveraging its professional product and channel offering Winner Medical and its brand Purcotton products to the public at charitable
strengths, the Company continuously works to extend high-quality medical resources to prices, raising nearly 30,000 yuan in donations. This event not only successfully
grassroots communities and improve basic healthcare in remote areas. In caring for women secured the initial special fund dedicated to supporting women and children but also
and children, it focuses on maternal and child health and child safety, safeguarding the increased public participation in and trust towards charitable causes. The Company
health rights of women and the next generation through product donations, health remains steadfast in its core philosophy of “Safeguarding the Health of Women and
education, and targeted support programs. In environmental public welfare, the Company Children”, continuously developing high-quality health products to meet the needs
actively promotes green consumption, donates non-woven eco-friendly cotton bags, and of consumers and protect public health.
integrates sustainable cotton farming with ecological conservation to foster a green value
chain from field to consumer. In disaster relief, it acts swiftly during critical times such as
natural disaster response, urban emergency support, and care for vulnerable groups,
effectively translating its professional medical and health capabilities into tangible social
service.
By deeply integrating professional capabilities with social needs, the Company has built a
social responsibility practice system covering multiple issues with both depth and breadth,
promoting the evolution of public welfare initiatives from standalone projects to a
systematic and sustainable model, and setting a benchmark for social value innovation in
the medical and health industry.
Caring for Women and Children Guiding citizens in selecting products
The Company continuously builds a multi-dimensional social responsibility framework
covering maternal and child health, adolescent development, women's welfare, and child
safety. Ranging from community charity sales to campus health workshops, from menstrual
health support to emergency care networks, and from child-centric advocacy to sports
safety initiatives, the Company drives the evolution of public welfare actions from isolated
aid projects towards ecosystem building through innovative models. This demonstrates the
exemplary role of a healthcare enterprise in social services and contributes innovative,
industry-leading practices to the field of women and children's welfare.
Winner Medical Co., Ltd.
The “Nice Princess, Nice for Her” Menstrual-
For Her Case
Friendly Initiative
The Company is consistently committed to women’s empowerment and health needs, The “Nice Princess, Nice for Her” project was officially launched in 2024 and
actively participating in women’s health philanthropy, and dedicated to enhancing continued its efforts in 2025. In May 2025, the Company held its annual donation
women’s well-being and promoting gender equality. Through product innovation, health ceremony at Sanguanmiao Town Junior High School in Lantian County, Shaanxi
advocacy, and public welfare actions, the Company helps women of the new era realize Province, marking the start of a new year of charitable activities. The warmth was
their potential and shine with confidence. subsequently extended to remote areas such as Yunnan-Guizhou regions, western
The “Nice Princess, Nice for Her” Menstrual-Friendly Initiative is a public welfare project Sichuan, and Henan. By distributing menstrual hygiene kits containing sanitary pads
jointly launched by Nice Princess—a sanitary pad brand under Purcotton—and the China and parent-child health manuals, and by organizing menstrual health classes, the
Women’s Development Foundation. Focusing on the basic need for sanitary pads, the project provided practical assistance to adolescent girls in need.
project aims to unite more charitable organizations and individuals to increase societal
awareness of the needs of menstruating women. It strives to play a positive role,
particularly in supporting the physical and mental health of women in disadvantaged
areas, enabling more girls to access essential sanitary products and health education. The
initiative advocates for mutual encouragement and support among women, working
towards positive change for a better environment for all women.
The Donation Ceremony in Shaanxi, May 2025 Group Photo at the Annual Donation Ceremony
Highlighted Achievements
Case Princess Nice Girls' Vitality Growth Camp
As of December 31, 2025
To promote the holistic development of
Purcotton has cumulatively donated cash and materials valued at girls, enhance their self-awareness and
social connection skills, Purcotton, in
RMB 5.98 million to the China Women’s Development Foundation. collaboration with the China Women’s
Development Foundation and the
It has distributed 27,000 “Nice Princess” menstrual hygiene kits to girls at over
'Aixiaoya' team, jointly organized the
Group Photo at the "Girls' Vitality Growth Camp"
Dali, Yunnan. Centered around a themed
than 300 menstrual health classes.
experience called “Xiaoya’s Adventure,” the camp employed interactive formats such
as art therapy, drama expression, and adventure challenges. Through immersive
Furthermore, it has provided a total of 357,000 sanitary pads free of charge as
group activities, it helped girls explore themselves and build confidence across four
emergency aid across its network of over 500 stores and 40 university dimensions: body awareness, emotional management, interpersonal relationships,
campuses and airport locations nationwide. By persistently focusing on concrete, and future planning. The distribution of menstrual care packages and provision of
practical actions, the initiative aims to inspire greater societal attention and support health guidance also offered tangible support for their menstrual well-being. This
for women's menstrual needs. activity not only pioneered an innovative public welfare education model for rural
girls but also infused practical vitality into the long-term “Bestowing Goodness upon
Her” project, helping girls shine with confidence on their growth journey.
Winner Medical Co., Ltd.
Nice Princess, Nice for Her — Sanitary
Case For Children
pad Mutual-Aid Boxes
To foster a more friendly and supportive environment for women, Purcotton's "Nice The healthy growth of children is crucial for a country's future, and ensuring their well-
Princess, Nice for Her" charitable initiative has steadily expanded its network of social being is an important task for social development. The Company is committed to fostering
support. As of December 31, 2025, "Nice" Mutual-Aid Boxes have been installed in children's growth and supports children's charitable initiatives, continuously exploring
over 40 universities, across 105 cities, and at 500 Purcotton stores nationwide to innovative practices in children's healthcare and safety protection. Through meaningful
provide free emergency sanitary pads. This initiative has not only built an emergency social interactions, we promote the establishment of a social consensus that respects
support system covering diverse settings but also demonstrates social care through children's needs and contribute our professional expertise to building a safe, healthy, and
consistent and easily accessible services, raising public awareness and inclusive growth environment.
understanding of women's needs. It serves as an innovative example of corporate
social responsibility in fostering a social atmosphere of respect and mutual Case "Listen to the Children's Voices"
assistance.
The Company cares about children's
growth and health. On Children's Day,
through various activities, it
encourages more parents to reflect
on how to communicate with their
children, building a bridge for mutual
understanding between adults and
Poster of "Listen to the Children's Voices"
children. This allows more children's
voices to be heard, understood, and
respected.
During Children's Day in 2025, the
"Nice Mutual-Aid Box"
Company launched a campaign called
"Listen to the Children's Voices." The
genuine responses from children
about their confusions regarding
adults were compiled into a themed
short film titled "A Fairy Tale Book for Shopping Receipts in Stores for "Listen to the
Children's Voices"
Grown-ups" and printed on shopping
receipts in stores nationwide, creating a unique "Collection of Children's Words and
Whimsy." The campaign advocates for equal communication between parents and
children, conveying the concept of "starting from children's perspectives, to better
respect and understand them." The activity received widespread response in a short
period. The imaginative and heartwarming answers from children were disseminated
through multiple online and offline channels, not only drawing adult attention to the
world of children but also conveying an inclusive philosophy that respects diverse
Installation of "Nice Mutual-Aid Boxes" in Universities
perspectives.
Winner Medical Co., Ltd.
Case "Health in Motion, Safeguarding Young Warriors" Case Adolescent Health Public Welfare Lecture Series
To enhance health and safety standards at children's sporting events and promote To improve the health protection in schools and cultivate good hygiene habits
household emergency care knowledge, the Company, in collaboration with JD among adolescents and children, the Company launched a series of charitable
Health, launched the Spartan Kids Race Health Protection Charitable Project on activities in May under the theme "Guided by Party Building to Safeguard Health,
August 19, 2025. The project involved distributing 12,000 customized children's first- with Public Welfare Lectures Fostering Growth" across multiple schools in Shenzhen.
aid kits, containing professional medical supplies such as iodophor disinfectant A team of professional instructors was organized to visit 11 schools, delivering
wipes, iodophor cotton swabs, and adhesive wound dressings. A charity booth was interactive health lectures focused on hand hygiene and wound care. These sessions
set up at the event venue to conduct interactive educational sessions, imparting employed engaging methods such as microbial observation under microscopes,
knowledge on sports injury prevention and wound care to participating families. This demonstrations of the seven-step handwashing technique, and hands-on wound
activity helped reinforce the concept of "injury prevention and emergency care," care practice, effectively disseminating scientific health knowledge to teachers,
promoted the accessibility of household first-aid supplies, and contributed to students, and children with special needs. Furthermore, the Company donated health
establishing a more robust safety support system for youth sports. and hygiene supplies worth RMB 360,000 to the schools, covering cleansing and
wound care products, thereby strengthening the campus health defenses. This
initiative effectively improved the schools' emergency response capabilities and daily
hygiene awareness, demonstrating the Company's long-term commitment to social
responsibility.
Poster of the Spartan Kids Race
Students Actively Participated in the Interactive Health Knowledge Class
Scene of the Spartan Kids Race
Winner Medical Co., Ltd.
Environmental Protection & Public Welfare
While operating deeply in the healthcare industry, Winner Group has always held the protection of the planet's ecology as its mission, actively engaging in environmental initiatives and integrating the
concept of sustainable development into its corporate strategy and daily operations. The Company focuses on fostering a green ecosystem based on the harmonious coexistence of "Cotton, Nature, and
People." Through measures such as promoting cotton-based products to replace those made from synthetic fibers and plastics, implementing used-garment recycling programs, supporting sustainable
cotton farming, and advocating for low-carbon consumption, it advances its environmental and public welfare practices. By leveraging its tripartite green action framework of "Source Reduction, Process
Optimization, and Public Advocacy," the Company successfully combines its professional strengths in healthcare with its environmental mission. This approach not only reduces resource consumption and
environmental pollution but also mobilizes public participation in green lifestyles, thereby transforming corporate responsibility into a sustained driving force for ecological progress.
“The Power of a Cotton Bloom,
Case
Transforming the World”
This year, the Company launched a traceability documentary titled "The Power of a Cotton Bloom, Transforming the World." The film delves deep into the cotton fields of Xinjiang. It is a documentary
blending humanistic storytelling with scientific popularization that traces the life cycle of cotton. By presenting the ten benefits of cotton and stories of cotton's connection to people (cotton farmers,
cotton scientists, and users of cotton products), it illustrates how cotton transforms deserts into oases, enhances quality of life, and ensures ecological sustainability, profoundly conveying the value
behind the concept "Cotton Changes the World."
The project reveals a green ecosystem that connects "Cotton, Nature, and People": as more people embrace cotton products, the demand for cotton increases. This leads to greater income for cotton
farmers, motivating the cultivation of more land for cotton. Consequently, more Gobi desert land is transformed into oases, the ecological environment is restored, and our planet becomes a
healthier place.
As of 2025, Purcotton has cumulatively sold 93.53 billion pieces of its soft cotton facial sheets, conserving substantial forest resources. By promoting 120.64 million cotton clothing and bedding, it has
reduced pollution equivalent to that caused by synthetic fiber products. Furthermore, it has distributed 49.79 million reusable cotton bags, reducing the use of an equivalent number of plastic bags.
Pioneering Cotton Farmer Li
The "Green Ecological Chain" Between Cotton and the Earth Poster of "One Cotton Boll Changes the World" Cotton Scientist Song Meizhen Wancang Li Wancang
Winner Medical Co., Ltd.
Disaster Relief
Guided by a profound sense of social responsibility, the Company has consistently carried out social initiatives in areas including natural disaster response, urban emergency support, and care for specific
population groups. By establishing an integrated emergency relief system based on the three pillars of "Rapid Response, Precise Matching, and Sustained Care," the Company has successfully leveraged its
professional expertise in healthcare to deliver effective social services.
Winner Group Donates Supplies Worth RMB 5 Million to
Winner Group Provides Emergency Support
Case Support Disaster-Stricken Areas in Xizang in Case
for Fire Rescue Efforts in Tai Po, Hong Kong
Collaboration with Philanthropic Organizations
Following a major fire (level 5) at Wang Fuk Court in Tai Po District, New Territories,
Hong Kong, the Company quickly activated its emergency response protocol,
urgently dispatching suitable relief supplies from its warehouses. The first batch of
supplies included disinfectants, wound care medication, disposable daily necessities,
and cotton facial sheets—items urgently needed by the affected residents. The
supplies were rapidly delivered to the affected area via dedicated personnel and
vehicles, providing timely life-support and medical assistance to local residents. The
Company continued to monitor the needs in the disaster area, working hand-in-
Winner Group's Special Vehicles Transporting Relief Supplies to Xizang hand with all sectors of Hong Kong society to aid recovery efforts and fulfill its
corporate social responsibility through concrete action.
Scene of Loading and Unloading Donated Supplies
Winner Medical Co., Ltd.
Medical Accessibility
The Company is committed to serving grassroots health needs with its professional medical resources. By establishing a regularized public welfare mechanism that integrates “material donations + health education + free clinic
services”, it precisely addresses the practical health needs of communities. Through deep collaboration with medical institutions and charitable organizations, the Company builds a multi-dimensional social responsibility system. It
effectively combines its professional strengths with societal needs, continuously contributing corporate strength to building a more equitable and accessible health ecosystem.
Case Warm Winter Journey: Winner Group Partners with JD Health to Donate Case Rider Health Protection Program——Winner Group and
As the severe winter approached, the Company actively responded to public welfare needs by partnering As essential service providers in urban operations, food delivery riders face multiple occupational
with JD Health in the "Warm Winter Journey" campaign initiated by the China Social Welfare Foundation and health risks during long-term outdoor work, such as abrasions, heatstroke, UV exposure, and
JD Public Welfare. This initiative specifically targeted the Hope Primary School in Cuihua Town, Luquan Yi respiratory issues. To fulfill corporate social responsibility and care for the health of workers in
and Miao Autonomous County, Kunming City, Yunnan Province, delivering much-needed health protection new forms of employment, on July 18, 2025, Winner Group, in collaboration with the Ele.me
and daily care supplies to the children there. For this donation, the Company fully leveraged its industry platform, launched a dedicated public welfare initiative. Through precise matching of supplies,
strengths, partnering with JD Health to provide over 30,000 pieces of professional protective supplies, on-site educational sessions, and platform-facilitated distribution, the Company donated
including medical surgical masks, disinfectants, and foot warmers. These supplies precisely met local needs, protective supplies worth a total of 1.5 million yuan to 200,000 riders nationwide. The donation
effectively alleviating the shortage of winter protection items at the mountain school, providing professional kits included items such as first-aid kits, adhesive bandages, N95 masks, and sun-protective
assurance for the children's health and warmth, and demonstrating the Company's social commitment masks, addressing needs for wound care, heatstroke prevention, and daily health management.
through concrete action. Furthermore, during the donation ceremony, the Company organized product explanation and
live demonstration sessions to educate riders on wound care knowledge and the correct use of
protective supplies, thereby raising their health awareness.
Case Spring Rhinitis Prevention & Care Public Welfare Campaign This initiative not only achieved the dual objectives of effective supply delivery and enhanced
health awareness but also explored and established a long-term support mechanism under the
“City Guardian Initiative”. It provided a practical public welfare model for improving the health
To actively support the "Healthy China" strategy and protection system for workers in new forms of employment, demonstrating the Company's
genuinely care for the well-being of grassroots rhinitis commitment to serving foundational community groups.
patients, Winner Group, in collaboration with the Longhua
District Charity Federation and Longhua District People's
Hospital, launched the public welfare activity "Guided by
Party Building to Safeguard Health · Spreading Love Across
Longhua". The initiative involved donating 455 boxes of
professional nasal care products worth 417,000 RMB to 43 The otolaryngology expert team conducts
community health centers in the district and organizing an on-site health education and provides free
medical consultation guidance
otolaryngology expert team to conduct on-site health
education and free medical consultations. This approach combined precise material distribution with health
knowledge dissemination. These measures benefited over ten thousand rhinitis patients and families in
need. They also effectively strengthened collaboration among the enterprise, medical institutions, and
community service organizations. This initiative explored a grassroots support model that integrates public
Donation Ceremony Riders receiving supplies on site
welfare resources with professional health services, demonstrating the Company's responsibility in
advancing public health. It also provided valuable practical experience for enhancing community public
health services and supporting the modernization of health governance.
Winner Medical Co., Ltd.
Appendix I: Policy List
Report Chapter Selected Internal Policies of Winner Report Chapter Selected Internal Policies of Winner
Primary Laws & Regulations Followed Primary Laws & Regulations Followed
Chapter Section Group Chapter Section Group
Company Law of the People's Republic of China Focus on Patent Law of the People's Republic of China Intellectual Property Management
Securities Law of the People's Republic of China Innovation-
Quality Management Standards for Clinical Trials Procedures
Code of Corporate Governance for Listed Driven
Articles of Association of Winner Development of Medical Devices (GCP) New Product Development Process
Companies
Standardized Medical Co., Ltd.
Corporate Measures for the Administration of Independent
Directors of Listed Companies Board Diversity Policy
Governance
Measures for the Administration of Information Sustainability Management System Medical Device Recall Control
Disclosure of Listed Companies Procedures
Guidelines for Investor Relations Management of Medical Device Recall Management
Listed Companies Measures
Civil Code of the People's Republic of China Comprehensive Risk Management US Medical Device Recall Control
System Process
Patent Law of the People's Republic of China
Risk Management and Disposal Product Quality Law of the People's Republic of EU Medical Device Recall Control
Legal and Copyright Law of the People's Republic of China
Mechanism China Process
Compliant Trademark Law of the People's Republic of China
Operations Intellectual Property Management Regulations on the Supervision and Administration Canada Medical Device Recall
Law of the People's Republic of China System Control Process
of Medical Devices
Product Quality Law of the People's Republic of IP Maintenance and Management Brazil Medical Device Field Action
China Good Manufacturing Practice for Medical Devices
Procedures Control Process
Winner Group Employee Code of EU MDR (EU) 2017/745
Australia Medical Device Market
Conduct EU MDD 93/42/EEC
Anti-Unfair Competition Law of the People's Action Control Procedures
Winner Group Supplier Code of Create EU PPE Regulation (EU) 2016/425
Republic of China Production Material Supplier
Conduct Excellent US FDA 21 CFR Part 820 Management Procedures
Anti-Monopoly Law of the People's Republic of Products
China Winner Group Code of Red Lines Medical Device Single Audit Program (MDSAP) Goods Receiving Inspection
Well- Anti-Money Laundering Law of the People's Winner Group Regulations on Elevate Consumer Rights Protection Law of the People's Management Standards
grounded Republic of China Violations and Disciplinary Actions Product Republic of China Production Process Change Control
Governance Upholding Interim Provisions on the Prohibition of Winner Group Conflict of Interest Excellence E-commerce Law of the People's Republic of Procedures
Business Commercial Bribery Management Policy China Non-Conforming Product Control
Ethics Winner Group Employee Code of Procedures
Criminal Law of the People's Republic of China Advertising Law of the People's Republic of China
Business and Ethical Conduct Product Release Control Procedures
Code of Corporate Governance for Listed Anti-Unfair Competition Law of the People's
Companies Compliance Statement on Business Republic of China Pre-Sales, In-Sales, and After-Sales
Conduct Standards Handling Process
Labor Law of the People's Republic of China
Winner Group Whistleblower Customer Complaint Handling
Labor Contract Law of the People's Republic of Protection and Reward Policy
China Process
Winner Group Oversight Content Review System
Management Procedures
Personal Information Protection Law of the Purcotton Advertising and
People's Republic of China Marketing Guidelines Manual
Data Security Law of the People's Republic of
China
Cybersecurity Law of the People's Republic of Supplier Management Procedures
China Measures for the Supervision and Administration Supplier Performance Evaluation
Information Winner Group Information Security of Cosmetic Production and Business Operations
Administrative Measures for Classified Protection Management
Security and and Privacy Protection
of Information Security Good Manufacturing Practice for Cosmetics On-site Audit Standards for
Privacy Management Policy
Protection General Data Protection Regulation (GDPR) Sustainable Technical Safety Standards for Cosmetics Production Material Suppliers
Overseas Website Privacy Policy
Regulations on Cybersecurity Multi-Level Supply Chain Hygienic Specifications for Manufacturers of New Production Material Supplier
Protection Disinfection Products (2009 Edition) Development and Onboarding
Measures for Standard Contracts for the Export of Guidelines for Supplier Audit by Medical Device Process Standards
Personal Information Manufacturers Production Material Supplier
Measures for the Security Assessment of Data Management Procedures
Exports
Winner Medical Co., Ltd.
Report Chapter Selected Internal Policies of Winner Report Chapter Selected Internal Policies of Winner
Primary Laws & Regulations Followed Primary Laws & Regulations Followed
Chapter Section Group Chapter Section Group
EHS Management Manual
Building a
Environmental Management Talent / /
Standard Echelon
Environment Environmental Protection
al Environmental Protection Law of the People's Management System
Compliance Republic of China
Environmental Management
Management
Standard and Associated Rules & Winner Group Employee Code of
Measures Conduct
Environmental Performance Winner Group Human Rights Policy
Supervision Standard
Integrated Attendance and Leave
Wastewater Management Regulation
Discharge
Winner Group Anti-Discrimination
Standard
Air Pollution Prevention and Code of Conduct
Control Law of the People's Standard for Protecting Labor Law of the People's Republic of China
Winner Group Anti-Sexual
Republic of China Pollution Control Employee Labor Contract Law of the People's Republic of Harassment Code of Conduct
on the Storage Rights
Solid Waste Pollution China
and Disposal Winner Group Diversity, Equity, and
Environment Prevention Law Site of General Inclusion Policy
of the People's Republic of Industrial Solid
China Wastes (GB Winner Group Employee Complaint
Energy Conservation Law of
Standard
the People's Republic of Guideline for
China Investigation of Accelerate Winner Group Headquarters Labor
Soil Pollution Employee Dispute Mediation Committee
Water Law of the People's
Potential in Key Growth Operation Management Standard
Republic of China Winner Group Environmental Policy
Supervision
Water Pollution Prevention Units (Trial) Energy Conservation and
Love Our and Control Law of the Consumption Reduction
Planet People's Republic of China Energy Management Regulation
Management
Soil Pollution Prevention and Systems — Energy Management Manual
Control Law of the People's Requirements
Promoting Wastewater Treatment Station
Republic of China with Guidance Winner Group Occupational Health
Green Process Flow and Operating
Production Forestry Law of the People's for Use (GB/T and Safety Policy
Specifications
Republic of China 23331-2020)
Occupational Health Management
Air Emissions, Wastewater, and
Wildlife Protection Law of the Opinions on System
Noise Control and Treatment
People's Republic of China Further
Regulation Work Safety Responsibility System
Strengthening
Biosafety Law of the People's Biodiversity Waste Management and Disposal Protecting Work Safety Law of the People's Republic of China Work Safety Regular Meeting
Republic of China Conservation Regulation Health and Regulation
Law of the People's Republic of China on the
Emission Standard of Integrated Safety Prevention and Control of Occupational Diseases Safety Education and Training
Industrial Enterprises Noise Emission Regulation
at Boundary Standard of Air
Pollutants Safety Hazard Identification and
Noise Limits at Construction Management Standard
Site Boundary (GB16297-1996)
Emission Winner Group Supply Chain
Technical Guideline for Self- Supplier Code of Conduct
monitoring of Pollutant Standard of
Discharge Units (General Rule) Odor Pollutants
(GB14554-1993)
Regulation on the
Administration of Pollutant Guangdong
Discharge Permits Province Local
Standard: Charity Law of the People's Republic of China
Practicing
Emission Limits Drive Winner Medical Charitable
Social Law of the People's Republic of China on
of Air Pollutants Community Donations Management and
Responsi Donations for Public Welfare
(DB44/27-2001) Thriving Implementation Guidelines
bility
Climate Company Law of the People's Republic of China
Change / Winner Group Environmental Policy
Response
Winner Medical Co., Ltd.
Appendix II: 2025 ESG Key Performance Indicators
Environmental
Indicator Unit 2025 Indicator Unit 2025
Greenhouse Gas (GHG) Emissions24 Biomass Emissions tCO₂e 653.20
Total GHG Emissions (Location-based) tCO₂e 1,304,970.08 By —— Domestic tCO₂e 1,179,715.55
Greenhous
Country/R
Scope 1 tCO₂e 38,529.35 e Gas —— International tCO₂e 125,254.53
egion
(GHG)
Location-based tCO₂e 205,692.67
Emissions tCO₂e / RMB
Scope 2
Market-based tCO₂e 219,052.09 GHG Emission Intensity Million 119.18
Revenue
Total Scope 3 Emissions tCO₂e 1,060,748.06
Pollutants
Category 1: Purchased Goods & Services tCO₂e 755,878.98
Total Exhaust Emissions 10,000 m? 18,740.00
Category 2: Capital Goods tCO₂e 14,662.06
Air Particulate Matter (PM) Tonnes 2.18
Category 3: Fuel- & Energy-Related Pollutants
tCO₂e 58,228.97 Sulfur Oxides （SOx） Tonnes 0.22
Activities
Nitrogen Oxides （NOx） Tonnes 20.24
Category 4: Upstream Transportation &
tCO₂e 81,820.13
Distribution Total Industrial Wastewater 10,000 m? 387.93
Category 5: Waste Generated in Water Total Domestic Wastewater 10,000 m? 41.37
Greenhouse tCO₂e 2,851.53
Gas (GHG) Operations Pollutants Chemical Oxygen Demand (COD) Tonnes 177.83
Emissions Category 6: Business Travel tCO₂e 2,460.52 Ammonia Nitrogen （NH3-N） Tonnes 10.62
Scope 3 Category 7: Employee Commuting tCO₂e 6,846.95 Waste
Category 8: Upstream Leased Assets tCO₂e 105.34 Total Waste Generated Tonnes 18,500.10
Category 9: Downstream Transportation & Non-hazardous Waste Generated Tonnes 18,433.78
tCO₂e 11,261.54
Distribution Hazardous Waste Generated Tonnes 66.32
Category 10: Processing of Sold Products tCO₂e 6,274.76 Tonnes/
Category 11: Use of Sold Products tCO₂e N/A Non-hazardous Waste Intensity RMB Million 1.68
Revenue
Category 12: End-of-Life Treatment of
tCO₂e 118,295.19 Tonnes/
Sold Products
Hazardous Waste Intensity RMB Million 0.01
Category 13: Downstream Leased Assets tCO₂e 2,062.10 Revenue
Category 14: Franchises tCO₂e N/A Waste Generated by Disposal Method
Category 15: Investments tCO₂e N/A Waste Landfilled Tonnes 1,116.73
statistical records.
Winner Medical Co., Ltd.
Indicator Unit 2025 Indicator Unit 2025
Waste Incinerated with Energy Recovery Tonnes 8,568.51 Among, by Energy Type:
Waste Incinerated without Energy Recovery Tonnes 4,201.04 Natural Gas m? 14,045,863.16
Waste Disposed by Other Methods (Recycling) Waste Tonnes 4,613.81 Natural Gas Proportion28 % 77.87
Environmental Compliance Wind Energy MWh 3,495.00
Fines for Significant Administrative Penalties or Criminal Liabilities Related Wind Energy Proportion % 2.01
RMB 10,000 0
to Environmental Incidents
Solar Energy MWh 6,255.02
Number of Environmental Administrative Penalty Incidents Count 0
Solar Energy Proportion % 3.61
Energy Consumption25
Biomass Energy MWh 28,634.56
General Energy Usage
Biomass Energy Proportion % 16.51
Total Energy Consumption tce 72,735.68
Clean Energy Use Ratio % 29.30
Among, by Energy Type:
Water Consumption
Gasoline Liters 95,883.81
Total Water Withdrawal29 Tonnes 6,071,517.56
Diesel Liters 241,875.16
Among, by Water Source:
Light White Oil Tonnes 11.02
Municipal Water Supply Tonnes 3,860,230.56
Other Oil Products26 Tonnes 7.75
Surface Water Tonnes 2,211,287.00
Natural Gas m? 14,045,863.16
Water Discharge Tonnes 4,321,502.24
Acetylene Tonnes 0.37
Water Consumption (Net Use) Tonnes 1,750,015.32
Liquefied Petroleum Gas (LPG) Tonnes 61.86
tce / RMB
Biomass Tonnes 1,756.32
Water Use Intensity Million 554.50
Self-owned Photovoltaic Power Generation MWh 3,849.02 Revenue
Total Purchased Electricity MWh 278,209.06 Water Recycled/Reused Tonnes 2,058,156.00
Total Purchased Steam GJ 582,697.94 Water Recycling/Reuse Rate % 25.32
Total Direct Energy Consumption tce 18,189.02
Circular Economy
Total Indirect Energy Consumption tce 54,073.61
Waste Recycled/Reused Tonnes 4,613.81
tce / RMB
Packaging Materials
Energy Consumption Intensity Million 6.64
Revenue Total Packaging Material Used for Finished Products Tonnes 35,799.88
Non-renewable Energy Consumption MWh 553,751.42 Paper-based Tonnes 28,683.32
Packaging Plastic-based Tonnes 7,100.76
Renewable Energy Consumption27 MWh 38,389.74
Material Used
Clean Energy Usage by Type Other Packaging Materials — Cotton Non-woven Fabric Tonnes 6.80
Clean Energy Consumption MWh 173,469.62 Other Packaging Materials — Cotton Canvas Bags Tonnes 9.00
utility bills and administrative statistical records. The calculation methodology for energy consumption and the calorific value conversion coefficients followed the General Rules for Calculation of Total Production Energy Consumption (GB/T 2589-2020). The applied conversion coefficients were 277.778 kWh/GJ and 0.03412
kgce/MJ.
Winner Medical Co., Ltd.
Governance and Social Key Performance Indicators
Governance
Corporate Governance Number of Litigations or Significant Administrative Penalties Due
case 0
to Non-Compliance with Marketing Regulations
Indicator Unit 2025
Amount Involved in Such Litigations or Penalties RMB 0
Board of Directors
Number of Product/Label Information Violations case 0
Total Number of Board Members person 7
Number of Marketing/Promotion Violations case 0
Number of Independent Directors person 3 Incidents of Misconduct
Proportion of Independent Directors % 42.86 Number of Corruption or Bribery Incidents case 0
Number of Female Directors person 3 Number of Discrimination or Harassment Incidents case 0
Proportion of Female Directors % 42.86 Number of Conflict of Interest Incidents case 0
Average Tenure of Board Members years 4.07 Number of Money Laundering or Insider Trading Incidents case 0
Number of General Shareholder Meetings Held session 2 Data Security & Privacy Protection
Number of Board Meetings Held session 4 Indicator Unit 2025
Business Ethics & Anti-Corruption Number of Data Security Incidents During the Reporting Period case 0
Indicator Unit 2025 Financial Amount Involved in Data Security Incidents RMB 10,000 0
Anti-Corruption Training Number of Customer Privacy Breach Incidents During the
case 0
Reporting Period
Directors Covered by Anti-Bribery & Anti-Corruption Training person 7
Financial Amount Involved in Customer Privacy Breach Incidents RMB 10,000 0
Percentage of Directors Covered by Anti-Bribery & Anti-
% 100
Corruption Training
Management Personnel Covered by Anti-Bribery & Anti-
Corruption Training
person 1,630
Social
Percentage of Management Personnel Covered by Anti-Bribery
% 100
& Anti-Corruption Training Employment30
Employees Covered by Anti-Bribery & Anti-Corruption Training person 14,023 Indicator Unit 2025
Percentage of Employees Covered by Anti-Bribery & Anti- Total Employees
% 100
Corruption Training
Total Number of Employees person 14,023
Fair Competition
By Gender Male person 4,545
Number of Litigations or Significant Administrative Penalties Female person 9,478
case 0
Due to Unfair Competition by the Company
By Age Group Under 30 person 2,028
Amount Involved in Such Litigations or Penalties Due to Unfair
case 0
Competition by the Company 30 to 50 person 10,591
Responsible Marketing Over 50 person 1,404
and Vietnam. The employee data in this report follows a specific statistical methodology adopted for ESG disclosure purposes, which differs from the scope used in the financial annual report. This is a normal variance in reporting contexts.
Winner Medical Co., Ltd.
By Management Level Senior Management person 73 Proportion of Female Employees in Management % 64.3
Middle Management person 441 Proportion of Female Employees in Junior Management % 68.8
Junior Management person 1,116 Proportion of Female Employees in Senior Management % 46.6
General Staff person 12,393 Proportion of Female Managers in Revenue-Generating Functions % 71.4
New Hires Proportion of Female Employees in STEM-Related Positions % 36.1
Total Number of New Hires person 2,307 Proportion of Employees from Ethnic Minorities % 2.8
By Gender Male person 762 Training & Development32
Female person 1,545 Indicator Unit 2025
By Age Group Under 30 person 917 Total Training Expenditure RMB 10,000 195.79
Over 50 person 108 Total Training Hours hours 269,841.00
By Management Level Senior Management person 9
Average Training Hours per Employee hours 19.24
Middle Management person 50
Male hours 19.00
Average Training Hours per Employee
Junior Management person 165 by Gender
Female hours 19.36
General Staff person 2,083
Under 30 hours 16.00
Employee Turnover31 Average Training Hours per Employee
by Age Group
Total Number of Employee Departures person 3,806
Over 50 hours 14.00
Employee Turnover Rate % 23.6
Senior Management hours 19.00
Turnover Rate by Gender Male % 28.9
Middle Management hours 19.10
Average Training Hours per Employee
Female % 26.8 by Management Level
Junior Management hours 19.79
Turnover Rate by Age Group Under 30 % 83.6
General Staff hours 19.20
Percentage of Employees Receiving Regular Performance & Career
% 100
Over 50 % 21.0 Development Reviews
Senior Management % 9.5 Employee Rights
Turnover Rate by Management Level
Middle Management % 8.0 Indicator Unit 2025
Junior Management % 11.0 Labor Contract Signing Rate % 100
General Staff % 29.7 Social Insurance Coverage Rate % 100
Employee Diversity Financial Assistance for Employees in Difficulty RMB 10,000 37.86
Proportion of Female Employees % 67.6 Number of Employees Receiving Assistance person 73
Winner Medical Co., Ltd.
Number of Families Receiving Cumulative Assistance family 11 Percentage of Such Suppliers Where Corrective Actions Were Taken % 0
Health & Safety Number of Such Suppliers Where Cooperation Was Terminated / 0
Indicator Unit 2025
Other Supply Chain Management Indicators
Operational Coverage by OHS Certification (ISO 45001)33 % 87.5
Number of Supplier Anti-Corruption Training Sessions session 124
Employees
Number of Suppliers Participating in Anti-Corruption Training / 131
Number of Work-Related Fatalities person 0
Percentage of Suppliers Participating in Anti-Corruption Training % 14.44
Investment in Employee Work Injury Insurance RMB 10,000 589.94
Percentage of Suppliers Having Signed Integrity Commitment
% 100
Work Injury Insurance Coverage Rate for Employees % 100 Agreement
Investment in Employee Safety Production Liability Insurance34 RMB 38,440 Percentage of Suppliers Having Signed Supplier Code of Conduct % 87.00
Employee Work Safety Liability Insurance Coverage Rate % 100 Percentage of Procurement Staff Trained in Sustainable Procurement % 100
per million hours
Lost-Time Injury Frequency Rate (LTIFR)35 1.45 Local Procurement Ratio % 99.6
worked
Contractors Product Responsibility
Number of Work-Related Fatalities (Contractors) person 0 Indicator Unit 2025
Supply Chain Management
Product Quality & Safety
Indicator Unit 2025
Number of Major Safety & Quality Liability Incidents Related to Products
case 0
Supplier Count & Services
Total Number of Suppliers / 907 Financial Amount of Damages from Such Incidents RMB 10,000 0
Mainland China / 890 Operational Coverage by QMS Certification (incl. ISO 9001, ISO
% 100
By Region 13485)36
Hong Kong, Macao, Taiwan
/ 17
& Overseas Number of Quality Training Sessions Conducted session 49
Tier 1 Suppliers / 861
Number of Products Recalled37 item 1
Key Tier 1 Suppliers / 169
Customer Service
Procurement Spend Proportion from Key Tier 1 Suppliers % 85
Customer Satisfaction38 % 93.98
Key Non-Tier 1 Suppliers / 534
Supply Chain ESG Assessment Technological Innovation
Target Number of Key Suppliers Planned for ESG Assessment / 169 Indicator Unit 2025
Actual Number of Key Suppliers Subjected to ESG Assessment / 34 Intellectual Property
Percentage of Key Suppliers Covered by ESG Assessment % 20
Number of Invention Patents Applied in Core Business Operations item 239
Number of Key Suppliers Identified with Significant Actual/Potential
/ 0 Number of Invention Patent Applications Filed During Reporting Period item 74
Negative Impacts
indicator reports premium expenditures for production entities that are legally required to maintain workplace safety liability insurance. Within Winner 36 The statistical scope only covers the Company’s self-operated production bases and does not include production bases of acquired companies.
Group, only the Jiayu facility falls under this statutory mandate, and its corresponding premium is included in this figure. For all other production entities not 37 All product recalls during the reporting period were Class III voluntary recalls. No incidents of serious injury or death due to product defects occurred.
subject to mandatory coverage, the Company ensures comprehensive occupational health and safety protection by voluntarily securing appropriate 38 The Company's overall customer satisfaction score is calculated as a weighted average based on the revenue contribution of the two major business
commercial insurance products. segments: Winner Medical and Purcotton.
Winner Medical Co., Ltd.
Appendix III: Sustainability Report
Number of Invention Patents Granted During
item 19
Reporting Period
Content Index
Number of Software Copyright Applications
item 10
Filed During Reporting Period
Number of Software Copyrights Granted
item 6
During Reporting Period Shenzhen Stock Exchange Self-regulatory Guidelines for
Cumulative Number of Granted Software
Copyrights
item 34 Listed Companies No. 17 – Sustainability Reporting (Trial)
Number of Valid Patents During Reporting
Content Index
item 1,716
Period
Disclosure Requirement Corresponding Clause Report Location / Description
Innovation Article 11 Sustainable Development Management
R&D Investment Amount RMB 1000,000 411 Sustainable Development Governance
Article 12
Structure
R&D Investment as % of Core Business Article 13 Materiality Assessment
% 3.75
Revenue
Article 14 Sustainable Development Management
Number of R&D Personnel person 1,323 General Disclosures Sustainable Development Governance
Article 15
Structure
Percentage of R&D Personnel % 8.34
Article 16 Sustainable Development Management
Social Contribution Sustainable Development Governance
Article 17
Indicator Unit 2025 Structure
Article 18 Sustainable Development Management
Amount of Charitable Contributions RMB 10,000 1,261
Article 19 Sustainable Development Management
Volunteer Participation person-time 23 Climate Change Response Articles 21-28 Coping With Climate Change
Pollutant Emissions Article 30 Promoting Green Production
Total Volunteer Hours hours 58
Waste Management Article 31 Promoting Green Production
Investment in Rural Revitalization Initiatives RMB 10,000 120 Ecosystem & Biodiversity Protection Article 32 Promoting Green Production
Number of Beneficiaries of Rural Revitalization Environmental Compliance
person 53,000 Article 33 Environmental Compliance Management
Initiatives Management
Energy Utilization Article 35 Promoting Green Production
Water Resources Utilization Article 36 Promoting Green Production
Circular Economy Article 37 Promoting Green Production
Rural Revitalization Article 39 Practicing Social Responsibility
Social Contribution Article 40 Practicing Social Responsibility
Innovation Drive Article 42 Focus on Innovation-Driven Development
Technology Ethics Article 43 Focus on Innovation-Driven Development
Supply Chain Security Article 45 Sustainable Supply Chain
Equal Treatment of SMEs Article 46 Sustainable Supply Chain
Product & Service Safety & Quality Article 47 Create Excellent Products
Data Security & Customer Privacy
Article 48 Information Security and Privacy Protection
Protection
Employees Article 50 Practicing Social Responsibility
Due Diligence Article 52 Upholding Business Ethics
Stakeholder Engagement Article 53 Sustainable Development Management
Anti-bribery & Anti-corruption Article 55 Upholding Business Ethics
Anti-unfair Competition Article 56 Upholding Business Ethics
Winner Medical Co., Ltd.
GRI Standard Disclosure Report Location / Explanation
GRI Sustainability Reporting Standards Index
Role of the highest governance body in
overseeing the management of impacts
Winner Medical Co., Ltd. has reported the information cited in this GRI
Statement of Use Delegation of responsibility for
content index for the period from January 1, 2025, to December 31,
managing impacts
Role of the highest governance body in Sustainable Development
sustainability reporting Management
GRI 1 Used GRI 1: Foundation 2021
Sustainable Development
Management
GRI Standard Disclosure Report Location / Explanation Collective knowledge of the highest Sustainable Development
governance body Management
GRI 2: General Disclosures 2021
Evaluation of the performance of the Sustainable Development
highest governance body Management
Please refer to the Company's 2025
Annual Report
Entities included in the organization’s
sustainability reporting Please refer to the Company's 2025
Annual Report
Reporting period, frequency, and
contact point Please refer to the Company's 2025
Annual Report
Sustainable Development
Appendix IV: External Assurance Statement on sustainable
Statement development strategy
Development Strategy
Activities, value chain, and other Sustainable Development
business relationships
Development Strategy
Sustainable Development
Protecting Employee Rights; 2-24 Embedding policy commitments Governance Structure; Sustainable
Performance Indicators
Mechanisms for seeking advice and
Protecting Employee Rights; 2-26 Stakeholder Engagement
raising concerns
Performance Indicators 2-27 Compliance with laws and regulations Appendix I: Policy List
Focus on Innovation-Driven
Nomination and selection of the highest
governance body 2-30 Collective bargaining agreements Not Applicable
Winner Medical Co., Ltd.
GRI Standard Disclosure Report Location / Explanation GRI Standard Disclosure Report Location / Explanation
GRI 3: Material Topics 2021
Climate Change Response
Performance Indicators
Climate Change Response
Performance Indicators
GRI 101: Biodiversity 2024
Policies for stopping and reversing Climate Change Response
biodiversity loss 102-7 Scope 3 GHG emissions Appendix II: 2025 ESG Key
Performance Indicators
Climate Change Response
Performance Indicators
GRI 102: Climate Change 2025 103-1 Energy policy and commitments Promoting Green Production
organization and self-generated energy
Upstream and downstream energy
consumption
Promoting Green Production Climate
Change Response Appendix II: 2025 ESG Key
Performance Indicators
GHG emission reduction targets and
progress
Winner Medical Co., Ltd.
GRI Standard Disclosure Report Location / Explanation GRI Standard Disclosure Report Location / Explanation
GRI 201: Economic Performance 2016 GRI 206：Anti-competitive Behavior 2016
Direct economic value generated and Legal actions for anti-competitive behavior,
distributed anti-trust, and monopoly practices
Defined benefit plan obligations and other GRI 207：Tax 2016
retirement plans
Please refer to the Company's 2025
Financial assistance received from Please refer to the Company's 2025 207-1 Approach to tax
government Annual Report
Tax governance, control, and risk Please refer to the Company's 2025
GRI 202: Market Presence 2016 207-2
management Annual Report
Ratios of standard entry-level wage by
gender compared to local minimum wage 207-3
concerns related to tax Annual Report
Proportion of senior management hired
from the local community Not Applicable
GRI 203: Indirect Economic Impacts 2016
GRI 301：Materials 2016
Infrastructure investments and services
supported
Appendix II: 2025 ESG Key
Performance Indicators
GRI 204：Procurement Practices 2016 301-2 Recycled input materials used Create Excellent Products
Appendix II: 2025 ESG Key Reclaimed products and their packaging
Performance Indicators materials
GRI 205：Anti-corruption 2016 GRI 303: Water and Effluents 2018
Operations assessed for risks related to Interactions with water as a shared
corruption resource
Management of water discharge-related
Communication and training about anti- 303-2 Promoting Green Production
corruption policies and procedures
Confirmed incidents of corruption and Appendix II: 2025 ESG Key
actions taken Performance Indicators
Winner Medical Co., Ltd.
GRI Standard Disclosure Report Location / Explanation GRI Standard Disclosure Report Location / Explanation
Appendix II: 2025 ESG Key Minimum notice periods regarding
Performance Indicators operational changes
Minimum notice periods regarding
Appendix II: 2025 ESG Key 401-3 Not Applicable
Performance Indicators
GRI 402: Labor/Management Relations 2016
GRI 305: Emissions 2016
Emissions of ozone-depleting substances Minimum notice periods regarding
(ODS) operational changes
Nitrogen oxides (NOX), sulfur oxides (SOX), Appendix II: 2025 ESG Key GRI 403: Occupational Health and Safety 2018
and other significant air emissions Performance Indicators
Occupational health and safety
GRI 306: Waste 2020 management system
Hazard identification, risk assessment, and
Waste generation and significant waste- 403-2 Safeguarding Health and Safety
related impacts
Management of significant waste-related
impacts
Worker participation, consultation, and
Appendix II: 2025 ESG Key and safety
Performance Indicators
Worker training on occupational health and
Appendix II: 2025 ESG Key safety
Performance Indicators
Protecting Employee Rights;
Appendix II: 2025 ESG Key Safeguarding Health and Safety
Performance Indicators
GRI 308: Supplier Environmental Assessment 2016 Prevention and mitigation of occupational
Protecting Employee Rights;
Safeguarding Health and Safety
business relationships
New suppliers that were screened using
environmental criteria
Workers covered by an occupational health
Negative environmental impacts in the and safety management system
supply chain and actions taken
GRI 401: Employment 2016
Protecting Employee Rights;
Minimum notice periods regarding 403-10 Work-related ill health
operational changes
Winner Medical Co., Ltd.
GRI Standard Disclosure Report Location / Explanation GRI Standard Disclosure Report Location / Explanation
GRI 404: Training and Education 2016 GRI 413: Local Communities 2016
Average hours of training per year per Appendix II: 2025 ESG Key Operations with local community
employee Performance Indicators 413-1 engagement, impact assessments, and Practicing Social Responsibility
development programs
Programs for upgrading employee skills
and transition assistance programs
communities
Percentage of employees receiving regular
Appendix II: 2025 ESG Key
Performance Indicators GRI 414: Supplier Social Assessment 2016
reviews
GRI 405: Diversity and Equal Opportunity 2016 New suppliers that were screened using
social criteria
Diversity of governance bodies and Standardize Corporate Governance; Negative social impacts in the supply chain
employees Protecting Employee Rights and actions taken
Ratio of basic salary and remuneration of GRI 415: Public Policy 2016
women to men
GRI 406: Non-discrimination 2016
Incidents of discrimination and corrective Upholding Business Ethics; GRI 416: Customer Health and Safety 2016
actions taken Protecting Employee Rights
Assessment of the health and safety
GRI 407: Freedom of Association and Collective Bargaining 2016 416-1 Create Excellent Products
impacts of product and service categories
Incidents of non-compliance concerning
Operations and suppliers in which the right 416-2 the health and safety impacts of products Not Applicable
bargaining may be at risk
GRI 417: Marketing and Labeling 2016
GRI 408: Child Labor 2016
Requirements for product and service Legal and Compliant Operations;
information and labeling Enhancing Service Quality
Protecting Employee Rights;
Operations and suppliers at significant risk Sustainable Supply Chain; Appendix
for incidents of child labor II: 2025 ESG Key Performance Legal and Compliant Operations;
Indicators Enhancing Service Quality
labeling
Incidents of non-compliance concerning
GRI 409: Forced or Compulsory Labor 2016 417-3 Enhancing Service Quality
marketing communications
Protecting Employee Rights; GRI 418: Customer Privacy 2016
Operations and suppliers at significant risk Sustainable Supply Chain; Appendix Substantiated complaints concerning
for incidents of forced or compulsory labor II: 2025 ESG Key Performance 418-1 breaches of customer privacy and losses of
Indicators Protection
customer data
Winner Medical Co., Ltd.
Appendix IV: Independent Assurance Statement
Winner Medical Co., Ltd.
Appendix IV: Independent Assurance Statement
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