Abbreviation：SPM Stock Code: 600459
ESG REPORT 2025
SINO-PLATINUM METALS CO.,LTD. 2025 ESG REPORT
CONTENTS
Report Introduction 04
Environment
Message from Senior Management 06 Symbiosis for a Green Future
Climate Action 20
About Precious Metal Group 08 Energy and Environmeal Management
Group Pro?le 08 System 26
Resource Conservation and Circular
Corporate Culture 10 Economy 29
Control Relationship Chart 10 Pollution Prevention and Ecological
Protection 31
Highlight Performance 11
Society
Annual Honors 13 Sharing for a green future
Eemployee Development 36
ESG Management 14 Customer Service 43
Materiality Assessment 14 Partner Responsibility 50
ESG Governance System 15 Giving Back to Society 54
Stakeholder Communication 17
Governance
Future Outlook 72
Co-governance for a
Appendix 74 Sustainable Future
Index Reference 75
Corporate Governance 60
Feedback 75
Compliance Management 63
Rating Report 76 Innovation-Driven Develpment 65
CONTENTS
Report Guide Sino-Platinum Metals Co., Ltd. 2025 ESG Report
Report Introduction Preparation Principles
This report has been prepared with reference to the following guidelines, while taking into full account the
expectations of stakeholders and the actual circumstances of the Precious Metal Group:
Report System · State-owned Assets Supervision and Administration Commission (SASAC)of the State Council: Guiding Opinions
on Better Ful?lling Social Responsibility for State owned Enterprises
· Shanghai Stock Exchange: Self-Regulatory Guidelines for Listed Companies No. 14–Sustainability Reporting (for
This report is the 13th annual environmental, social, and corporate governance report (hereinafter referred to as Trial Implementation)and Self-Regulatory Guidelines for Listed Companies No. 4–Sustainability Report Preparation
"this report" or "ESG report") publicly released by Precious Metal Group. · China Enterprise Reform and Development Society &Responsibility Cloud Research Institute: China Corporate
Sustainability Reporting Guide (CASS-ESG 6.0) – General Framework
Based on the principles of objectivity, comprehensiveness, standardization and transparency, this report elaborates · Yunnan Provincial SASAC: Opinions on Ful?lling Social Responsibility (ESG)for State-owned Enterprises and
on the Group's management philosophy, highlighted practices, and annual achievements in the economic, Guidelines for Preparing Social Responsibility (ESG) Reports for Yunnan Provincial State-owned Enterprises
· National Standardization Administration: Guidelines for Social Responsibility Report Preparation
environmental, social, and corporate governance aspects for the year 2025.
· Global Reporting Initiative (GRI): GRI Standards (Sustainability Reporting Standards)
Report Scope
Nomenclature Explanation
Unless otherwise speci?ed, this report mainly describes the responsible practices and performance of the Precious
Abbreviation Referenc Full Name Metal Group and its subsidiaries from January 1, 2025 to December 31, 2025.
Precious Metal Group, Group, we Refers to Sino-Platinum Metals Co., Ltd.
SPM Catalyst Refers to Kunming Sino-Platinum Metals Catalyst Co.,Ltd Preparation Process
SPM Chemical Refers to Sino-Platinum Metals Chemical (Yunnan) Co.,Ltd
SPM Industrial Catalyst Refers to Sino-Platinum Metals Industrial Catalyst (Yunnan) Co.,Ltd Report Framework Material Report Report Department Management Finalization
Drafting Consultation and
Planning Construction Collection Revision Design Review Review
Release
SPM Semiconductor Refers to Sino-Platinum Metals Semiconductor Materials (Yunnan) Co.,Ltd
SPM Functional Refers to Sino-Platinum Functional Materials (Yunnan) Co.,Ltd
SPM Electronic Refers to Sino-Platinum Electronic Materials (Yunnan) Co.,Ltd Data Description
SPM Resources Refers to Sino-Platinum Metals Resources (Yimen) Co.,Ltd Financial data in this report are expressed in Renminbi (CNY), sourced from the Group's o?cial documents and
Yongxing Resources Refers to Sino-Platinum Metals (Yongxing) Resources Co.,Ltd statistical reports, and have been reviewed by the relevant departments of the Group.
Yunnan Precious Metals Laboratory Refers to Yunnan Precious Metals Laboratory Co.,Ltd
Dongying Catalyst Refers to Sino-Platinum Metals Catalyst (Dongying) Co.,Ltd Report Language and Publication Format
Sino-Platinum Metals Longsun(Shanghai) New Materials This report is available in English, in both printed and PDF versions.
SPM Longsun Refers to
Technology Co., Ltd
Yongxing Testing Refers to Yongxing Guiyan Testing Technology Co.,Ltd
Singapore Company Refers to Sino-Platinum Metals (Singapore) Pte. Ltd. Contact Information
Resources Dongying Refers to Guiyan Resources Environmental Technology (Dongying)Co., Ltd. Should you have any questions or suggestions regarding the contents of this report, please contact us by phone or
SPM Bio Refers to Sino-Platinum Metals Biomaterials (Shanghai) Co.,Ltd by mail at:
SPM Gold Refers to Sino-Platinum Gold (Yunnan) Co.,Ltd
SINO-PLATINUM METALS Co.,LTD.
Postal Code: 650106
Quality Assurance
Website: http://www.sino-precious.com/ Tel: 0871-68329955
The Group warrants that this report contains no false representations, misleading statements, or material
omissions, and accepts individual and joint liability for the authenticity, accuracy and completeness of its contents. Address: No. 988 Keji Road, High-tech Industrial Development Zone, Fax: 0871-68328990
Kunming, Yunnan, China
Keynote Address Sino-Platinum Metals Co., Ltd. 2025 ESG Report
Message from Senior Management
goal" three-year construction demonstration"and the decisive victory of a series of three-year actions. it is to our corporate sustainable development. In active response to the national "dual carbon"goals, we fully implemented
also a key year for the long-term development of the "15th Five-Year Plan". Over the past year, Precious the "Green and Beautiful SPM" construction initiative, driving the green upgrading of our industries. We are building a
Metal Group has always been guided by Xi Jinping 's Thought on Socialism with Chinese Characteristics "zero-carbon park", advancing integrated distributed photovoltaic power generation and hydrogen energy storage projects
for a New Era, deeply studied and implemented the spirit of the 20th National Congress of the Communist to optimize our energy mix. We are also comprehensively promoting the construction of green factories and strictly
Party of China and the Fourth Plenary Session of the 20th Central Committee of the Communist Party managing the operation of environmental protection facilities.
of China, and the spirit of General Secretary Xi Jinping 's important speech on the inspection of Yunnan.
Under the leadership of the provincial party committee, the provincial government and the provincial state- This year,we deeply fulfilled our social responsibilities,positioning shared contribution and mutual benefit as a solid
owned Assets Supervision and Administration Commission, it has taken the initiative to accelerate the foundation for our corporate sustainable development. We implemented the "Talent Strengthening Enterprise"strategy and
industrial transformation and upgrading. scienti?c and technological innovation to improve e?ciency and carried out the "Three Hearts"employee care program to provide comprehensive protection for the physical and mental
empower, green development to improve quality and expand, social responsibility practice is strong, and health and well-being of our employees. We continuously optimized our products and services, consistently developed
the governance system is standardized and e?cient, showing the mission and responsibility of state-owned ?agship products, and cultivated the second batch of 14 "SPM Premium"products to enhance customer satisfaction. We
enterprises in the new era. continued to deepen strategic cooperation, strengthened ESG management of our suppliers, expanded our international
markets, and built the SPM international brand. We actively gave back to society, solidly advanced the paired assistance
This year,we deepened our focus on core businesses to improve quality and efficiency,positioning work in Shangjiang Township, Shangri-La City, and widely carried out volunteer services to convey warmth and a sense
transformation and upgrading as the key pillar of our corporate sustainable development. We took the lead of responsibility. In 2025, the Group paid 328 million RMB in taxes and fees, created 311 new jobs, and invested 1.56
in establishing the Dianzhong Rare and Precious Metals National Advanced Manufacturing Cluster, and million RMB in rural revitalization.
coordinated the advancement of 22 industrialization projects. Nine projects, including the new precious
This year,we continuously improved our governance system,positioning standardized governance as the fundamental
metals materials production line, were completed and put into operation, while six projects, including the
safeguard for our corporate sustainable development. We integrated the Party's leadership into corporate governance,
Shanghai Sheshan Industrial Park, are under accelerated construction.The Group ranked 264th on the
strictly implemented the "Three Major and One Major"decision-making system (major issues, major personnel
appointments, major project arrangements, and major fund allocations), and revised and refined various meeting
Yunnan Manufacturing Enterprises list, and 1st on the Top 100 Yunnan High-Tech Enterprises list.
procedures. We advanced the integrated construction of "risk, internal control, and compliance"to strengthen our
compliance management system. We thoroughly implemented the series of deployment requirements for the reform
This year,we focused on building new quality productive forces,positioning technological innovation as the
and development of state-owned enterprises, further enhancing our e?orts to advance SOE reform and development, to
core engine of our corporate sustainable development. We continued to increase R&D investment, built
strengthen, expand, and enhance SOEs, and to ensure the e?ective implementation of key annual reform tasks.
high-quality innovation platforms, and carried out research on key technologies to address major national
strategic needs, thereby promoting the integrated development of technological and industrial innovation.
A new journey has begun,and a new clarion call has sounded. The blueprint urges us forward, and only solid action will
With a focus on digital infrastructure construction and AI empowerment, we developed an AI public service
bring a bright future! Standing at this new historical starting point, we will adopt higher standards and more concrete
platform and independently developed a controllable digital factory. In 2025, the Group 's R&D investment
measures to continuously deepen our green and low-carbon transformation, actively fulfill our social responsibilities,
reached 1.231 billion RMB. We received support for two National 2030 Major Projects, obtained funding
improve our corporate governance system, and strengthen the engine of technological innovation. We will contribute
for six National Fund projects, and our National Intellectual Property Operation Center was accredited. The
greater wisdom and strength to the high-quality economic and social development of Yunnan Province, to the security of
Group was recognized as a "Yunnan Provincial Industrial Internet Demonstration Enterprise"and one of our
national strategic resources, and to the building of a Beautiful China and a Harmonious Society.
practices was selected as a typical case study by the Ministry of Industry and Information Technology.
Regarding the Precious Metals Group Sino-Platinum Metals Co., Ltd. 2025 ESG Report
About Precious Metal Group
Precious Metal Group, bearing in mind the "greaters of the nation"and adhering to the "Four Orientations," develops
three core business sectors: manufacturing of precious metals new materials, development and recycling of precious
metals resources, and precious metals supply services. It focuses on five major application areas: national defense,
environmental protection, new energy chemicals, life and health, and next-generation information technology. The Group
serves ten key ?elds: clean air, green chemicals, electronics and electrical, chip packaging, new energy, biomedicine,
Group Pro?le advanced materials, resource recycling, high-purity refining, and mineral resources. It is a critical force in China 's
achievements in the transformation and industrial development of precious metals. The Group has formed a product
portfolio of over 400 varieties and more than 4,000 specifications, offering customers one-stop, full-industry-chain
Sino-Platinum Metals Co., Ltd. (referred to as "Precious Metal Group" ; stock short name: SPM Platinum; stock code: services. It currently ranks ?rst in China and ?fth globally in the precious metals ?eld. In 2025, it ranked 264th among
the R&D, manufacturing, and resource recycling of precious metals new materials. Its predecessor was the "Engineering 's Top 100 High-Tech Enterprises.
Research Institute, Academia Sinica "founded in 1928, which was renamed the Precious Metals Research Institute in
the lead among Yunnan provincial state-owned enterprises to achieve a complete overall listing in 2022. Giant"Enterprises specializing in new technologies, one national-level "Little Giant"Enterprise, one National Technology
Innovation Demonstration Enterprise, and 12 National High-Tech Enterprises. With a focus on expanding green
Precious Metal Group possesses the only series of core technologies and a complete innovation system in the field initiatives, energy conservation, carbon reduction, pollution control, and emission reduction, the Group is building zero-
of precious metals in China. It has undertaken over 3,000 national scienti?c research projects in the precious metals carbon parks, zero-carbon factories, and green factories. It currently operates one zero-carbon park, three national-
?eld, with many achievements ?lling domestic gaps. The Group has 10 national-level and 14 provincial-level innovation level "Green Factories,"and three zero-carbon factories. The Group is accelerating its layout in key business areas such
platforms, 9 academician workstations, and 18 expert workstations. It was the ?rst Yunnan state-owned enterprise to as photovoltaics, new green chemicals, and hydrogen energy storage to achieve green, low-carbon, and sustainable
establish a National Key Laboratory and has successfully reorganized the State Key Laboratory of Precious Metals development in the rare and precious metals industry.
Functional Materials. It was among the ?rst to build the Yunnan Precious Metals Laboratory, achieving deep integration of
"production, academia, research, and application." The Group strives to build a hundred-billion-level industrial cluster, radiating and driving the rapid growth of a group of
upstream and downstream new materials enterprises, with the goal of creating a trillion-level industrial cluster. It aims to
become the national leader in the precious metals new materials industry and a guardian of strategic resource security.
Regarding the Precious Metals Group Sino-Platinum Metals Co., Ltd. 2025 ESG Report
Corporate Culture
Highlight Performance
Economic Performance
Innovation-Driven Development,
Leader of China's Win-Win Cooperation Empowering
Precious Metals Industry Employees, Giving Back to Society
Operating Revenue: RMB 55.675 Billion, Total Pro?t: RMB 804 Million, up
Developing the New Materials World-Leading Precious up 17.20% year-on-year 12.46% year-on-year
Industry Serving High-Quality Metals New Materials
Human Life Technology Group Total Pro?t and Taxes: RMB 1.098 Billion, Output value: RMB 48.623 Billion
up 3.41% year-on-year yuan, YoY 25.55%
Strategic Values
Positioning
Economic Value Added (EVA): RMB
up 2.44% year-on-year
Mission Vision
Net Assets: RMB 8.073 Billion, Asset-Liability Ratio Return on Equity (ROE)
up 9.60% year-on-year 59.38% 8.73%
Control Relationship Chart
Environmental Performance Social Performance
Environmental Protection Expenditure: New Jobs Created 311persons
RMB 1148 Million Total Social Contribution Investment:
RMB 156 Million
State-owned Assets Supervision and Administration Commission
of Yunnan Provincial People's Government
Yunnan Provincial Department of
Finance
Certi?cations
Safety Expenditure: RMB 649 Million
Governance Performance
R&D Investment: RMB 1.231billion, Received support for 2 National 2030 Major Projects, including
Yunnan Investment Holding Group Co., Ltd.
R&D investment 2.21% 1 project as the lead and 1 project as a participant.
Sino-Platinum Metals Co., Ltd. 12 National-level high-tech enterprises, 4 national-level specialized and sophisticated "Little
Giant"enterprises, and 1 national-level manufacturing single champion enterprise. 4 provincial-level
specialized and sophisticated "Little Giant"SMEs, and 6 provincial-level manufacturing single champion
demonstration enterprises.
The Group was ranked 9th on the "2025
Top 100 Yunnan Enterprises" list, 5th on
The Group was approved as the main entity for the construction of Yunnan SPM Catalysis was rated as a national-
January Provincial Industry-Level Big Data Center
January September the "2025 Top 100 Yunnan Manufacturing
level "Green Factory"
Enterprises" list, and 1st on the "2025 Top
The Group held its 2025 Work Conference and the First Session of the 100 Yunnan High-Tech Enterprises" list
January Second Employee Representative Congress
The Group was listed on the 2025 China
January Top 500 Manufacturing Enterprises, ranking
SPM Resources' "Modern Industrial Base Project for Enrichment and The Group was listed among the ?rst
batch of national-level industrial intellectual
March Regeneration of Precious Metals Secondary Resources" (Phase I) was fully among the 8 listed enterprises in Yunnan
September property operation centers released by
completed and put into operation
The Group's Chief Scientist, Wen Ming, the China National Intellectual Property
April The Group held the Third Science and Technology Conference April
received the "National Model Worker" title Administration (CNIPA), ranking 61st
The First Meeting of the First Academic Committee of the "National Key Yongxing Testing passed the certi?cation SPM Zhongxi passed the certi?cation
April Laboratory of Precious Metal Functional Materials" (led by the Group) was May as a Hunan Provincial Specialized and October as a national-level Specialized and
held in Kunming Sophisticated SME Sophisticated "Little Giant" Enterprise
The Tokyo Branch Center of Yunnan Precious Metals Laboratory Co., Ltd.
May was inaugurated July Catalysis Dongying was shortlisted as a Yunnan Provincial Precious Metals New
Shandong Provincial Intelligent Factory October Materials Industrial Park was rated as an
Yongxing Resources' "Green Recycling Project for Rare and Precious enterprise-level "Three-Star Zero-Carbon
September Metals" completed equipment installation and o?cially entered the equipment Group's "2024 ESG Report" received a Park"
commissioning phase July "Five-Star" rating from the China Enterprise
Social Responsibility Report Rating Expert SPM Catalysis passed the certi?cation
The "Yunnan Rare and Precious Metals Industry High-Quality Dataset
Committee November as one of the ?rst batch of "Zero-Carbon
September Construction and Application Project" was approved for establishment by the
National Development and Reform Commission (NDRC) Factories" in Yunnan Province
Guizhou Catalyst has been certi?ed as
Yunnan Provincial Precious Metals Pharmaceutical Technology Innovation July one of the ?rst" zero-carbon factories "in The Group was selected for the "China
October Center was approved for construction ESG Listed Companies State-owned
Yunnan Province
Enterprise Pioneer 100 (2025)" list,
The Group participated in the 2025 Tengchong Scientists Forum – Special
The Group's reform practice was again won the "ESG Jingniu Award · ESG
October Event on Innovation-Driven Development of New Materials and Industrial
selected for the Case Collection of the
Finance, and the 2025 Precious Metals Forum November Dual Carbon Pioneer", and three ESG
August State-owned Assets Supervision and best practice cases were included in
The Shanghai Rare and Precious Metals Innovation Platform and the Shanghai Administration Commission (SASAC) of the "Yunnan Provincial State-owned
October Sheshan Precious Metals New Materials Industrial Base broke ground the State Council Enterprises Social Responsibility
The Group participated in the ?rst-day trading of platinum and palladium (Sustainable Development) Blue Book
November SPM Chemicals was selected as a Yunnan
futures and successfully completed its ?rst transaction (2025)"
September Provincial Advanced-Level Intelligent
The Group participated in the 2025 Tengchong Scientists Forum · Rare and Factory The group has been ranked 9th in
December Precious Metals Industry Innovation and Development Forum the"2025Top 100 Yunnan Enterprises",
SPM Zhongxi passed the dual speci?c in the"2025 Top 100
December
September certi?cations of Shanghai Municipal Yunnan Manufacturing Enterprises", and
Single Champion Enterprise and 1st in the"2025 Top 100 Yunnan High-tech
Enterprise Technology Center Enterprises
SPM Resources passed the certi?cation
December as a "Zero-Carbon Factory" in Yunnan
Province
ESG Management Sino-Platinum Metals Co., Ltd. 2025 ESG Report
ESG Management ESG Governance System
ESG Governance Structure
Materiality In accordance with the latest domestic and international disclosure standards, including
the Shanghai Stock Exchange Listed Company Self-Regulatory Guidelines No. 14 – The Group has established a social responsibility (ESG) management system to provide uni?ed leadership, decision-
Sustainability Reporting (for Trial Implementation) and the Shanghai Stock Exchange making, and organizational implementation for related work, forming a social responsibility framework characterized by
Assessment Listed Company Self-Regulatory Guidelines No. 4 – Sustainability Report Preparation, the coordinated planning, vertical linkage, and holistic advancement. A Social Responsibility Leadership Working Group has
been established as the leading body for the Group's social responsibility (ESG) work. The Group's Party Committee
Company conducts a double materiality assessment. By integrating its own development
strategies and plans, the Company has established a comprehensive system for identifying Secretary and Chairman serves as the Group Leader, the Deputy Party Committee Secretary, Vice Chairman, General
Manager, and responsible leaders serve as Deputy Group Leaders, and other members of the Group's leadership team
and managing sustainability topics, and carries out the identification, assessment, and
serve as members, taking comprehensive responsibility for the Group's social responsibility (ESG) work. The Social
prioritization of sustainability topics. The perspectives of multiple departments and Responsibility Leadership Working Group has an o?ce as its daily management department, which is hosted within the
stakeholders are fully incorporated to provide directional guidance for each business Group's Party Committee Work Department. Each department is responsible for social responsibility (ESG) management
segment. The Company also discloses the progress of key topics in the report, responds within its business scope according to its functional division.
to stakeholder concerns, and demonstrates its sense of responsibility and pragmatic
actions on the journey toward sustainable development. Governance Responsible
Responsibilities
Structure Body
Double Materiality Assessment Approach Leadership
Corporate Social
·Research and provide guidance on the development of the Group's social responsibility
Responsibility
and Decision- (ESG) work system, institutional development, strategic planning, annual plans, major
Background Analysis and Initial Identification of Topics. A professional team was established. Based Leadership
Making Body project implementation, annual report preparation, and other signi?cant matters.
Working Group
on policy requirements, industry characteristics, market dynamics, and sustainability trends, the team
The ?rst conducted in-depth analysis and interpretation of macro policies and industry hotspots, understood the ·Regularly report to the Group's Social Responsibility Leadership Working Group and
step key ESG concerns of capital markets and institutional investors, and combined these with the Company's implement its resolutions.
business development strategy and its unique characteristics to initially identify 18 topics that have a ·Promote the clari?cation of social responsibility (ESG) responsibilities among the Group's
signi?cant impact on the Company. Corporate Social departments and subsidiaries.
Daily Work and Responsibility ·Draft social responsibility (ESG) management systems and promote the standardized
Coordination Leadership implementation of social responsibility work.
Impact and Financial Materiality Assessment. For impact materiality assessment, a dedicated
Body Working Group
questionnaire on topic impact materiality was developed and distributed to a wide range of stakeholders, ·Conduct social responsibility (ESG) exchanges, communication, and dissemination.
O?ce
including government o?cials, shareholders and investors, industry association representatives, strategic ·Organize the preparation of the Group's social responsibility (ESG) report.
partners, directors, senior management, employees, customers, suppliers, communities, and the public, ·Conduct social responsibility (ESG) evaluations and awards.
Step two to rate the materiality of each ESG topic. A total of 352 questionnaires were collected. For financial
·Uniformly manage other matters related to the Group's social responsibility (ESG) work.
materiality assessment, a ?nancial materiality assessment form for ESG topics was developed. Relevant
department heads and the Finance Department jointly evaluated the ?nancial materiality of each topic ·Be responsible for organizing the implementation of social responsibility (ESG) tasks
based on dimensions such as identification of risks and opportunities, likelihood of occurrence, and assigned by the Group.
degree of ?nancial impact. ·Promote the deep integration of social responsibility (ESG) work with departmental
operations, carrying out work in a more responsible manner.
Functional
Topic Confirmation and Approval. Based on the questionnaire results, material topics under two ·Be responsible for the collection, organization, and reporting of social responsibility (ESG)
Departments
dimensions—"importance of impact on the economy, environment, and society" and "importance of information within the department.
Step three
financial impact"—were identified. Combined with expert opinions in the sustainability field, the 2025 ·Participate in the preparation of the corporate social responsibility (ESG) report.
Implementing
materiality matrix was developed, and the material topics for the year were determined. Bodies ·Participate in internal and external social responsibility capacity-building and stakeholder
communication activities.
Tall
Compliant and Ethical Business Waste and emissions management
·Accept the Group's guidance, coordination, and evaluation; implement the Group's
decisions and arrangements regarding social responsibility (ESG) work; proactively
Compliant and ethical business operations ①
Operations includes content
related to anti-commercial bribery, 1
promote the development of social responsibility (ESG) work; properly collect, organize,
environment, and society
Importance of impact on the economy,
anti-corruption, and anti-unfair Corporate governance and risk management Subsidiaries
competition. and consolidate social responsibility (ESG) information of the subsidiary and report such
Employee rights, safety, and development information to the Group; participate in the preparation of the Group's annual social
Resource conservation and circular economy responsibility report, etc.
ESG Management includes 3
ESG management ②
content related to stakeholder
Climate change response
ESG Policies
communication.
Responsible supply chain
Environmental compliance management
Product and Service Quality Pursuant to the "Social Responsibility (ESG) Management Measures of Sino-Platinum Metals New Materials Holding
includes content related to data R&D and application of environmental technologies and products
security and customer privacy
Group Co., Ltd. (Trial)", the Group has defined its social responsibility (ESG) concepts and principles, management
protection. bodies and responsibilities, implementation management, communication management, performance management, and
As of the end of the reporting Due diligence a world-class enterprise and achieve high-quality and sustainable development.
period, the Group's accounts
payable (including notes payable) Rural revitalization and social contribution
balance did not exceed RMB 4
billion, accounting for no more than
Equal treatment of small and medium-sized enterprises ④
Innovation-driven
ESG Report Management
had no information on overdue
The Group has published its annual social responsibility/ESG report for twelve consecutive years, disclosing the
Science and technology ethics
payments to small and medium- Company's ESG governance and practices. During the report preparation process, the Party Committee Work
sized enterprises on the National Department is responsible for the organization, planning, liaison, and communication of ESG work. Other departments
Enterprise Credit Information and subsidiaries participate jointly, assisting in the collection of ESG-related materials and cooperating in the report
low
Publicity System. Importance of ?nancial impact Tall writing to ensure the report's authenticity and completeness. Each department has clear divisions of responsibility,
e?ectively advancing the preparation process.
ESG Management Sino-Platinum Metals Co., Ltd. 2025 ESG Report
ESG Supervision and Assessment Stakeholder Communication
The Group strengthens the organic integration of the social responsibility (ESG) indicator system with the existing
performance management system, incorporating social responsibility (ESG) work into the annual performance The Group places emphasis on stakeholder communication and engagement. Based on factors such as the Group's daily
assessment of each department and unit. A mechanism linking executive compensation to core ESG topics has been operations and management, and the scope and impact of various topics, it identi?es and selects internal and external
established, incorporating technological innovation, green and low-carbon practices, and workplace safety into the stakeholders that have a significant impact on the Group's development. A regular communication and supervision
assessment system with quantitative management. A rigid "one-vote veto" constraint has been established: executives mechanism has been established. Social responsibility (ESG) information is published through the o?cial website, o?cial
involved in extremely serious or major workplace safety accidents, or major or above ecological and environmental WeChat public account, and video channel to disseminate the Group's philosophy and performance dynamics. While
incidents, will have their assessment ratings downgraded, promoting a direct link between executive compensation and responding to the concerns of key stakeholders, the Group also takes into account reasonable opinions and suggestions
sustainable development performance. from internal and external stakeholders, continuously improving its corporate management practices and building
consensus on sustainable development.
ESG Responsibility Capacity
Stakeholders Expectations and Concerns Communication and Response
The Group places emphasis on cultivating ESG capacity, deeply integrating ESG with corporate development planning
and daily operations. An ESG indicator system covering ?ve areas—report preface, environment, society, governance,
and report postscript—has been established. Using the indicator system as an entry point, ESG concepts, methods,
and strategies are integrated into the Group's strategic planning and business operations, continuously enhancing core Comply with laws and regulations Maintain law-based corporate governance
functions and promoting the Group's high-quality and sustainable development. Government Pay taxes in accordance with the law Pay taxes in strict accordance with the law
Provide employment opportunities Provide job opportunities
The Group actively participated in the Yunnan Provincial State-owned Enterprises 2025 Series of Press Conferences
on Ful?lling Social Responsibility and Promoting Sustainable Development, the Yunnan State-owned Assets and State-
owned Enterprises 2025 Social Responsibility (Sustainable Development) Special Training, and ESG China · The 8th
Beijing Responsibility Expo, and received multiple honors. The Group's 2024 ESG Report was selected as a case study in
the "Blue Book of Social Responsibility of State-owned Assets and State-owned Enterprises (2025)" for local state-owned Improve corporate governance Maintain prudent operations
enterprise social responsibility reports, receiving a "Five-Star" rating from the China Enterprise Social Responsibility Shareholders Strengthen risk management and Improve information disclosure
Report Rating Expert Committee. The Group was selected for the "China ESG Listed Companies State-owned Enterprise
control Strengthen compliance management
Pioneer 100 (2025)" list, ranking 35th. Leveraging its technological innovation and practical achievements in the green
and low-carbon ?eld, it won the "ESG Jingniu Award · ESG Dual Carbon Pioneer." Three ESG best practice cases were
selected for the "Yunnan Provincial State-owned Enterprises Social Responsibility (Sustainable Development) Blue Book
(2025)." The Group's Wind ESG rating was upgraded to A.
Improve compensation and bene?ts
Protect employee rights and interests Promote career development
Support employee growth
Employees Strengthen talent development
Balance work and life Care for and support employees
Health and safety Ensure workplace safety
Maintain integrity in business operations
It was selected into the list of "China's Protect customer rights and interests Optimize product quality
Top 100 ESG Listed State- Customers Enhance customer satisfaction Ensure service quality
owned Enterprises(2025)"and ranked 35th. Product and service innovation Protect customer privacy
Emphasize R&D and innovation
The WindESG rating result is Class A.
Implement responsible procurement Maintain transparent procurement practices
Partners Drive industry development Strengthen supplier management
Achieve win-win cooperation with Deepen strategic cooperation
The 2024 ESG report Awarded the"ESG Whale and Bull Award-ESG partners
received a"?ve-star "rating. Dual Carbon Pioneer"
Actively integrate into the community Support rural revitalization
Communities Carry out volunteer activities Participate in public welfare activities
Support disadvantaged individuals Care for disadvantaged groups
Protect the ecological environment Develop clean energy
Utilize resources rationally Restore the ecological environment
Environment Promote energy conservation and Promote environmental protection concepts
emission reduction Strengthen energy management
Address climate change
Thre emplay ESG pracices have ben seleted for incusion in the"Yunm Provincial Stateowned Enterpises Sacial
Responsibility(Sustainable Development)Blue Book(2025).
In 2025,the Group
Environment
Environmental protection Majinpu Industrial Park obtained Zero-Carbon
investment: RMB Park certi?cation, making the Group the ?rst
enterprise in Southwest China to establish a
Symbiosis
for a Green Future
corporate-level zero-carbon park.
SPM Chemical obtained Type I Three-Star Zero-
Carbon Factory certi?cation; SPM Catalyst and
SPM Resources obtained Type I Four-Star Zero-
Carbon Factory certi?cation; Catalyst Dongying
passed municipal-level Green Factory certi?cation.
certi?cation
The Precious Metal Group has deeply studied and
implemented Xi Jinping's Thought on Ecological
Civilization, implemented the requirements Responding to the Sustainable
of Beautiful China and the Yunnan Provincial Development Goals (SDGs)
Government for the construction of Beautiful
Yu n n a n , t o o k t h e c o n s t r u c t i o n o f " G r e e n ,
Beautiful and Precious Research" as an important
measure to promote the green, harmonious and
sustainable development of enterprises, actively
implemented the national "dual carbon" goal, and
comprehensively improved the Group's green and
low-carbon high-quality development ability.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future for a Sustainable Future
Climate Action Environment (Climate)-Related Risks
The Sino-platinum Metals Group actively addresses climate change by improving its Physical Risks
climate response governance system, establishing a climate change strategy, advancing
the management of climate-related impacts, risks, and opportunities, and setting
indicators and targets for climate change. Multiple measures are being taken to promote Risk Risk Time Value Chain Potential Impact / Response
carbon emission reduction. Category Description Horizon Link Financial Impact Strategy
Extreme Short to 1
Frequent and intense Upstream, Production stoppage • Establish a full-chain climate risk
Weather extreme weather events Medium Operations losses, supply chain assessment system
may a?ect production disruption risk,
systems and supply increased emergency • Systematically enhance supply
chains, leading to response costs chain resilience
Governance operational disruption,
property loss, and
• Establish a climate disaster
emergency plan covering early
personnel safety issues.
warning, response, and recovery
A climate change governance mechanism has been established, led by the Group's Ecological Environment Protection
Committee. Climate issues are given priority in the Group's strategy and fully integrated into corporate governance and core Acute
decision-making processes. A "dual carbon" management structure covering decision-making, management, execution, Risk
supervision, and evaluation has been established, forming a complete closed loop from strategy formulation to execution Flooding Extreme precipitation Short to Operations Equipment damage Strengthen drainage system
causes ?ooding around Medium losses, material losses, retro?ts at production bases;
and evaluation, e?ectively advancing the achievement of "dual carbon" goals. production bases, increased production develop ?ood emergency plans
submerging production interruption costs
equipment and stored
materials (precious
metal raw materials/
Management Structure ?nished products),
a?ecting production
continuity.
Responsible for formulating "dual carbon" goals and policies, providing directional
Decision-making guidance for "dual carbon" work.
Average Long-term temperature Medium to Operations Increased energy costs • Optimize chiller system
Coordinates "dual carbon" work, formulates specific implementation plans and action Temperature rise has led to Long over the long term; operation strategies to reduce
Management Rise persistently high increased material energy consumption; improve
plans, supervises execution.
temperatures storage losses system energy e?ciency
in production
environments,increasing • Enhance ventilation and
Responsible for implementing specific "dual carbon" projects, such as energy-saving insulation control in production
Execution refrigeration energy
retro?ts and new energy projects. consumption and and warehousing areas
simultaneously a?ecting
the storage stability of
Supervision & Monitors energy consumption and carbon emissions using energy management systems certain precious metal
and carbon emission verification; regularly evaluates goal completion and adjusts Chronic materials.
Evaluation Risk
strategies when issues are identi?ed.
Changing Regional drought or Medium to Upstream, Production water • Build water recycling systems;
Precipitation abnormal precipitation Long Operations shortage risk; reserve emergency water
Patterns a?ects water supply increased logistics
or causes temporary scheduling costs • Sign multi-route transportation
Strategy logistics route agreements with logistics
restrictions. providers; strengthen
assessment of climate trends'
impact on supply chains
Climate change impacts are deeply integrated into long-term strategic planning and annual business plans, ensuring
forward-looking and systematic consideration in strategy formulation, business layout, and operational control. The Group
systematically assesses the potential impacts of climate change on existing business models, operating costs, technology 1. Time horizon: Short term - within 1 year after the reporting period; Medium term - 1 to 5 years after the reporting period; Long term - more than 5
years after the reporting period.
roadmaps, market competitiveness, and ?nancing channels, while proactively positioning for transition opportunities in
low-carbon technologies, green products, and the circular economy. Based on climate assessments, a climate strategy 2. Value chain links: Upstream - supplier collaboration (raw materials, equipment), procurement, logistics; Operations - R&D, production,
manufacturing, internal process control; Downstream = distribution, sales, customer service.
centered on "leading the industry's green transformation" has been formulated and substantively integrated into strategic
decision-making and daily operations.
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a Green Future Future for a Sustainable Future
Environment (Climate)-Related Risks Environment (Climate)-Related Opportunities
Transition Opportunities
Transition Risks
Opportunity Opportunity Time Value Chain Potential Impact / Capture
Category Description Horizon Link Financial Impact Strategy
Risk Risk Time Value Chain Potential Impact / Response
Category Description Horizon Link Financial Impact Strategy Deepened Expand used precious Short to Upstream, Raw material cost • Establish a used precious
Resource resource metals recycling channels Medium Operations savings; reduced metals recycling network,
E?ciency recycling and improve resource Term carbon footprint optimize recycling and
circular utilization rates puri?cation processes,
Improvement and strengthen recycling
Increasingly The state tightens carbon Short to Operations Increased compliance • Establish an internal
stringent emission regulations, Medium costs for carbon carbon accounting system to cooperation mechanisms with
carbon raises energy e?ciency emissions dynamically track compliance downstream customers
emission standards, and sets gaps
regulations mandatory emission Clean Replacement of Short to Operations Reduced carbon • Invest in R&D of renewable
• Establish a low-carbon Energy
reduction targets, leading energy production energy with Medium emissions; stabilized energy, hydrogen storage, etc.,
to higher compliance access and assessment Structure application clean alternatives energy costs; and promote carbon emission
costs mechanism for suppliers and Transformation compliance with green reduction
proactively reserve carbon production policies
emission reduction credits
Policy &
Regulatory
Green Growing demand Short to Operations, Increased product • Increase R&D investment
Risk product from consumers and Long Downstream pricing power; to develop products with low-
Enhanced Customers require Short to Operations Increased compliance • Improve ESG information and businesses for green and enhanced customer carbon and environmentally
environmental disclosure and reduction Medium costs for information disclosure in line with service low-carbon products and loyalty; improved brand friendly characteristics
information of supply chain carbon disclosure; risk of authoritative disclosure market services reputation
disclosure footprints; non-compliant customer loss and standards • Strengthen marketing e?orts
requirements entities may be excluded supply chain cooperation to promote green products and
from the supply chain disruption due to non- • Establish a carbon footprint services, and enhance brand
compliant disclosure data traceability mechanism to Product awareness
meet customers' low-carbon
traceability requirements
& Service
Innovation
Technological Develop energy-saving Medium Operations Strengthened core • Directly reduce operating costs
Innovation precious metal re?ning to long technology barriers; and carbon emissions through
processes and optimize term reduced production energy-saving technology
green technologies for energy consumption transformation and intelligent
Premature High-energy-consumption Medium Operations Asset impairment • Optimize asset allocation precious metal recycling management
phase-out production equipment to Long losses; increased planning and phase out and puri?cation
• Establish innovation centers in
of existing and traditional processing capital expenditure high-energy-consumption
collaboration with universities/
assets technologies may face on equipment equipment in an orderly
Technology research institutes, set up
policy restrictions or upgrades manner
special R&D funds for low-
Risk reduced economic
carbon technologies, and
viability, leading to • Increase investment in
energy-e?cient production accelerate the translation of
accelerated depreciation
equipment and improve asset pilot-scale results
of equipment
utilization e?ciency
Green Green ?nance support: Short to Operations Expanded ?nancing • Strong ESG performance can
Finance Rapid development medium channels; reduced attract substantial sustainable
Support of green ?nancial ?nancing costs; ?nance funds and reduce the
Shift in Increased customer Medium Operations, Risk of customer loss; • Develop a low-carbon instruments providing optimized capital cost of capital
preferences demand for low-carbon to Long Downstream reduced product pricing product system, carry out funding support for low- structure
for low- energy solutions power product carbon footprint carbon transition
Market carbon accounting and labeling, and Market
products and conduct targeted R&D of Opportunities
Risk services material products that meet Brand Strong climate action Medium Operations Increased brand pricing • Leverage industry leadership
downstream low-carbon Reputation can signi?cantly enhance to long power; enhanced position, low-carbon production
demand brand reputation and customer collaboration technology advantages, and
attract and retain talent loyalty international brand certi?cations
that values corporate to strengthen ESG information
social responsibility disclosure and climate action
communication, establishing a
sustainability benchmark in the
precious metals industry
Scrutiny over Stakeholders pay Short to Operations Damaged brand image; • Regularly communicate
inadequate increasing attention to Medium reduced investor climate action progress
climate action the company's climate con?dence; risk of and actively respond to
Reputation goals, emission reduction customer loss stakeholder concerns
Supply Chain Climate change prompts Medium Operations, Reduced overall supply • Help suppliers reduce
Risk actions, and information
disclosure; inadequate Industry Optimization companies to reassess to long Downstream chain carbon footprint; emissions and build a more
and optimize supply deepened partnerships resilient and sustainable supply
action may trigger Opportunity &
chains to reduce carbon chain
negative public opinio Collaboration emissions and enhance
risk resilience
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future for a Sustainable Future
Risk, Impact and Opportunity Management Indicators and Targets
Risk Management Process "Dual Carbon" Goals and Progress
Through an institutionalized governance structure, data-driven monitoring platforms, business-integrated mechanisms, The Group has established its "dual carbon" goals, which are aligned with the long-term goal of the Paris Agreement
and a transparent disclosure system, the Group has established a climate change management process that covers to limit global temperature rise to within 1.5°C and China's Nationally Determined Contribution (NDC) commitments
the entire cycle of "identification – assessment – monitoring – management – improvement." This ensures strategic of achieving carbon peak by 2030 and carbon neutrality by 2060. This demonstrates the Group's responsibility and
alignment and operational implementation in addressing climate change, enables systematic responses to climate risks, commitment to actively integrating into global climate governance and supporting China's green and low-carbon
and captures green opportunities, providing a mechanism to continuously enhance the climate resilience of the industrial transition.
chain and lead the industry's low-carbon transition.
Risk Regularly conduct climate risk scans, integrating factors such as industry trends, policy and By 2026, further increase the use of clean energy, increase the number of zero-carbon
Identi?cation regulatory changes, and extreme weather events, to identify climate risk issues that may have
a signi?cant impact on the company's operations, assets, and ?nances. Dual Carbon parks, zero-carbon factories, green factories, and product carbon footprint certi?cations,
Goals and gradually carry out carbon inventories to establish a clear baseline for carbon
emissions.
Conduct systematic assessments of physical risks that may arise from climate change, using
Risk historical data, the latest policies and regulations, and meteorological warning information.
Attempt to translate potential impacts such as ?ooding caused by extreme heavy rainfall into
Assessment quantifiable indicators including economic losses, production interruption duration, and the
degree of supply chain disruption for assessment. Greenhouse Gas Emissions Data of Sino-Platinum Metals Group
Risk Integrate climate risk indicators into daily monitoring, specify monitoring frequency and Indicator Unit 2025 Actual Value
Monitoring responsible departments, regularly report to management, and track risk trends.
Total GHG emissions 13036.28
Prioritize flood prevention infrastructure, systematically plan emission reduction pathways,
Risk and promote the transformation of climate risk management from qualitative judgment to data- Scope 1 GHG emissions tCO₂e 3826
Management driven scienti?c decision-making, enabling forward-looking and precise control of climate risks.
Scope 2 GHG emissions 9210.28
Risk Review the e?ectiveness of climate risk management, optimize processes at each stage of
risk management based on policy updates, industry trends, and business realities, strengthen
Improvement departmental coordination, continuously enhance climate risk management capabilities, and Note: During the reporting period, Scope 1 and Scope 2 GHG emissions were calculated using the emission factor method in accordance with the
achieve closed-loop optimization. "Guidelines for Greenhouse Gas Emission Accounting and Reporting for Enterprises in Other Industrial Sectors" and ISO 14064-1, among other
standards.
Climate Adaptation Carbon O?set Initiatives
Assess the potential impact of climate change on the company's strategy and business model, systematically analyze the SPM Chemicals, SPM Resources, and SPM Catalysis offset part of their direct and indirect emissions for the
full range of impacts of climate change on its business, and enhance its ability to adapt to climate change and adjust its corresponding years by purchasing Green Electricity Certificates (GECs), carbon credits, and Certified Emission
strategy and business model in the short, medium, and long term. Reductions (CERs), respectively. To create the Majinpu Zero-Carbon Park, SPM Chemicals, SPM Electronics, and
SPM Semiconductor jointly purchased Certi?ed Emission Reductions (CERs) and obtained corresponding carbon o?set
certi?cates.
Carbon Emission Reduction Initiatives
The Group continues to advance national and provincial green factory certi?cations and green electricity certi?cations, Carbon Veri?cation
and is building high-quality zero-carbon parks. The Majinpu Park successfully obtained zero-carbon park certi?cation,
making the Group the ?rst entity in Southwest China to establish a corporate-level zero-carbon park. SPM Chemicals In 2025, SPM Chemicals, SPM Resources, SPM Catalysis, SPM Semiconductor, and SPM Electronics engaged third-
obtained Type I Three-Star Zero-Carbon Factory certi?cation, SPM Catalysis and SPM Resources obtained Type I Four- party organizations to conduct greenhouse gas veri?cation for the 2024 ?scal year in accordance with the ISO 14064-
Star Zero-Carbon Factory certi?cation, and Catalysis Dongying passed municipal-level green factory certi?cation. The 3:2019 standard. The accuracy and standardization of the veri?cation were ensured through measures such as sampling
Group is strategically deploying forward-looking green technology products such as automotive exhaust catalysts, VOCs and testing source data, verifying the correctness of calculations, on-site inspection of instruments and reported GHG
puri?cation catalysts, and hydrogen-electric catalytic materials to build a strong technology supply capability and promote emissions, interviews and discussions with relevant personnel, and observation and review of relevant documents. During
the application and industrialization of advanced and applicable technologies. A carbon management platform is being the reporting period, the Group and its subsidiaries were not included in the quota management of the national carbon
developed in line with actual conditions to enhance precise carbon emission control and optimization capabilities. The
emissions trading market, nor did they participate in the registration and trading of domestic or international emission
Group continues to advance "carbon footprint" certification for its precious metal products, strengthening their "low-
reduction mechanisms such as the China Certified Emission Reduction (CCER) program, the Clean Development
carbon" advantage. In 2025, 7 new products obtained carbon footprint certi?cation, bringing the total number of certi?ed
products to 22. Mechanism (CDM), or the Veri?ed Carbon Standard (VCS).
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future for a Sustainable Future
Environmental The Group complies with the requirements of the "Classification Management List for
Environmental Impact Assessment of Construction Projects," entrusts quali?ed entities to
Energy and Environmental Management System Management
of Construction
conduct detailed on-site surveys of new project sites and their surroundings, investigates
environmental sensitive targets of new projects and their peripheries, monitors the current
environmental status of project areas, and prepares environmental impact assessment
(EIA) reports in a standardized manner. In accordance with the public participation
Projects measures for environmental impact assessment, the Group publicly discloses the content
of EIA documents for construction projects and submits them for review. The Group strictly
Sino-Platinum Metals Group has integrated a "green" culture into its development DNA, implements the "Three Simultaneities" management requirements for environmental
established a sound energy and environmental management system, improved its protection in construction projects, regularly evaluates, upgrades, and maintains
environmental early warning mechanism, and enhanced its environmental risk prevention environmental protection facilities to ensure their normal operation, and effectively
and control capabilities. In 2025, the Group experienced no major sudden environmental prevents and controls environmental pollution and ecological damage.
incidents, environmental violations, or environmental crimes leading to criminal penalties.
Promotion of The Group has integrated green culture into the cultural construction of SPM enterprise.
The theoretical learning center group of the Party Committee incorporates Xi Jinping's
Environmental Thought on Ecological Civilization into key topics to carry out expanded learning, and
invites experts to interpret relevant policy requirements and promote the transformation
Protection Culture of theory into green development practice. Grassroots party organizations learn through
"Three Meetings and One Lesson", thematic party days and other ways to study Xi
Jinping’s Ecological Civilization Thought. Open the column "Green and Beautiful SPM"
Environmental Compliance Management to show the experience of the achievements of grass-roots greening construction and
give full play to the role of advanced typical demonstration. The article SPM Resource
Company: “Green Business Card" of Polishing the Secondary Resource Recycling
Industry of Platinum Metals was reported by Xinhua.com, Yunnan Daily and other media.
Management System
The Group has incorporated its green strategy into the formulation of its "15th Five-Year Plan" development plan,
Launching the "SPM · Platinum Love Together" Volunteer Service Activity
and through multi-pathway synergies, is comprehensively enhancing its capacity for green, low-carbon, and high-
quality development. The Group complies with environmental laws and regulations, has established an Ecological and
Environmental Protection Management Committee with an office under it, and has set up environmental protection On August 15, 2025, Sino-Platinum Metals Group, together with Xinyu Community, launched the "SPM · Platinum
management institutions or specialist positions with dedicated personnel responsible for the Company's ecological and Love Together" volunteer service activity to promote and explain the concept that "lucid waters and lush mountains
environmental protection management. The Group has also formulated the "Work Plan for the Development of a 'Green are invaluable assets." At the event, more than 30 volunteers distributed brochures to passing citizens, introduced
and Beautiful SPM'", which deploys 11 speci?c tasks across three areas. the "August 15 National Ecology Day" and the 20th anniversary of the "Two Mountains" concept, and encouraged
the public to strengthen their environmental awareness, start with small daily actions, and adopt a green and low-
carbon lifestyle.
Environmental Management Targets and Achievement Status
Target 2025 Achievement Status
No major or above environmental pollution accidents
Achieved
for the year
CASE
Achieved
Simultaneities" for project environmental protection Promoting The Group continues to promote green and low-carbon office measures such as video
conferencing and paperless office work to reduce resource consumption. It promotes
Green O?ce green lighting using solar-powered street lamps in plant areas to save energy and
No major environmental penalties Achieved resources. It continues to advance the development of smoke-free o?ce areas and smoke-
Practices free plant areas to create a healthy working environment. The Group persistently carries
out the "Clean Plate Campaign," resolutely refusing "food waste," and deeply implements
the "7S" management system——to create a clean, tidy, pleasant, and comfortable o?ce
Environmental Risk Prevention and Control environment in all respects. The Group also promotes green commuting, scrapping old
vehicles and adding three new energy vehicles.
Through qualitative and quantitative methods, the Group analyzes the substances used and pollutants emitted in its
production operations, assesses possible sudden environmental incidents and their impact on sensitive environmental
?7S? management
receptors in surrounding areas, and determines risk levels. Based on relevant laws and regulations and the actual Set in Self-
Sort Shine Standardize Safety Save
circumstances of each unit, the Group has prepared emergency response plans for sudden environmental incidents and order, discipline
?led them with competent local authorities. During the reporting period, all plans were valid.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future for a Sustainable Future
Resource Conservation and Circular Economy
Energy Management Sino-Platinum Metals Group places emphasis on resource protection and rational use,
continuously improving resource management e?ciency in its own operations. It develops
the circular economy, vigorously promotes the development of the precious metals
resource recycling industry, uses sustainable raw materials, innovates resource recycling
Management The Group strictly complies with national and local energy management laws, regulations,
and standards, and has developed its energy management system. SPM Resources has technologies, and promotes the use of recyclable packaging materials, contributing to
System obtained energy management system certi?cation. Each unit has established a dedicated society's transition toward a more resilient economic system.
energy management organization or full-time positions responsible for overseeing
system operation, formulating and revising internal energy management systems, and
systematically integrating system requirements into daily production scheduling. The
Group's primary energy sources include electricity, diesel, and natural gas.
Water Resource Management
To achieve the goals of improving energy e?ciency and reducing both energy consumption
and costs, the Group has set quantitative targets covering technological energy e?ciency
improvement, total energy consumption control, management optimization, and green Management System Water Resource Management Targets
energy application, ensuring the standardized and normalized operation of energy
management. The Group strictly complies with relevant national and
Through enhanced control of circulating water reuse,
local laws, regulations, and standards, has established
intelligent and refined management, and organizational
dedicated water resource management organizations
and institutional safeguards, the Group systematically
or full-time positions, systematically integrates water
promotes water intensity control, e?ciency improvement,
resource management into daily production scheduling,
Energy The Group implements the "Energy Conservation Management Measures," integrating
energy-saving and consumption-reducing measures into all aspects of production and
and continuously formulates and revises internal
and emission reduction. It aims to achieve a year-on-year
reduction in water consumption intensity and increase the
Conservation operations. It continuously optimizes the energy mix, reduces energy consumption, and
management systems to eliminate water waste.
water recycling and reuse rate to over 90%.
improves energy utilization e?ciency. In strict accordance with the catalog of eliminated
equipment and processes, the Group conducts assessments and gradually phases out Water Conservation Measures
high-energy-consumption facilities and equipment.
Through measures such as adopting advanced water-saving production processes like circulating washing technology,
establishing water consumption quotas with regular assessments, promoting water-saving ?xtures, and improving pipeline
network monitoring and leak repair, the Group improves water resource recycling e?ciency. It strengthens water resource
Clean Energy The Group deepens its industrial layout around renewable energy and green technologies,
continuously promoting energy conservation and consumption reduction. It is accelerating recovery and reuse, returning partially treated wastewater (reclaimed water) that meets standards for ?ushing toilets and
Use the construction of distributed photovoltaic power generation projects at the Group's green irrigation in strict accordance with environmental impact assessment requirements. Saline wastewater generated
from the deionized water system is used to prepare exhaust gas absorption liquid and for ?oor washing, increasing the
headquarters and the Majinpu Industrial Park, while extending such projects to other
subsidiaries based on their actual conditions. The photovoltaic power generation project wastewater reuse rate and reducing fresh water consumption.
at the Yimen Circular Economy Industrial Park has been put into operation. The Group is
also exploring hydrogen energy storage technology to promote a green and low-carbon
energy transition. Circular Economy
Resource Recovery
The Group focuses on building a green closed-loop system of "resources – manufacturing – products – recycling,"
strengthening green technology innovation, and leading the industry's green transformation and circular economy
development. It improves the waste precious metal recycling system, strengthens cooperation with downstream
customers and social recycling organizations, expands its recycling network, and enhances recovery rates. The Group
develops or introduces advanced resource recycling technologies and equipment to improve recycling efficiency and
quality. It collects, sorts, and processes general waste with recycling value generated from operations or consumption,
such as waste paper, waste plastic, and scrap metal, to restore or enhance their use value.
Green Packaging
The Group has standardized packaging specifications to prevent the use of oversized boxes for small items. It
collaborates with logistics companies to promote the integration of product and transport packaging, reducing secondary
packaging and achieving packaging reduction. Based on material characteristics, the Group actively promotes and
applies standardized pallets, recyclable and foldable packaging, and reusable packaging boxes, maximizing the recycling
and reuse of metal product packaging materials.
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a Green Future Future for a Sustainable Future
Green Industry
Pollution Prevention and Ecological Protection
Precious Metals Accelerating Industrialization Development
Sino-Platinum Metals Group actively carries out emissions management to reduce the
Resource discharge of the "three wastes" (wastewater, waste gas, and solid waste), minimizing the
The Group is building a national strategic base for the recycling and utilization of platinum
Recycling group metal resources, maintaining a domestic market share of over 30% for PGM environmental impact of its emissions. It promotes ecosystem protection, strengthens
Industry recycling, ranking first in China and far exceeding domestic mineral resource supply.
The Precious Metals Secondary Resources (Phase II – Warehouse and Environmental
biodiversity conservation, and is committed to achieving harmonious coexistence between
the enterprise and the environment.
Protection) and Precious Metals Secondary Resources Green Recycling (Dongying)
projects have completed completion acceptance and officially entered a new stage of
production operations, with core production capacity accelerating. The Precious Metals
Secondary Resources (Phase II – Electric Arc Furnace) project has commenced full
construction, injecting new momentum into high-quality industrial development. The
Domestic market share of Precious Metals Secondary Resources (Phase II – Inorganic Workshop) and Rare and
Precious Metals New Materials Manufacturing and Green Recycling Demonstration
Waste and Emissions Management
platinum group metals (PGMs)
Project are advancing as planned, with sustained momentum for industrial development.
recycling maintained at over
During the "14th Five-Year Plan" period, the Group cumulatively recovered 62 tons of
Management System
Deploying Innovation Chains Around the Industrial Chain
The Group continuously manages and improves its environmental performance, striving to achieve closed-loop
management of waste gas, wastewater, and solid waste throughout the entire process, from source prevention and
The Group has achieved breakthroughs in core technologies for the clean recycling of
process control to end-of-pipe treatment. It has established an environmental protection organizational structure with
secondary PGM resources. In areas such as material preparation and pyrometallurgical
clear responsibilities and hierarchical accountability, and has set up dedicated environmental protection management
smelting, hydrometallurgical and refining dissolution, hydrometallurgical concentration,
and production wastewater treatment, it has realized the recycling and utilization of dust, organizations or full-time positions responsible for comprehensively overseeing the operation and implementation of the
waste acid, valuable metals, and wastewater, as well as the co-processing of waste system. The Group promptly formulates and revises internal management systems for waste gas, wastewater, and solid
residues, achieving comprehensive utilization of production by-products. For example, waste, and systematically integrates system requirements into daily production scheduling and job operating procedures.
re?ning waste residue is used to produce building materials, maximizing resource value. It ensures long-term stable pollutant emissions that meet and exceed the latest national and local regulations and
standards. In strict accordance with environmental impact assessment (EIA) approvals and pollutant discharge permit
Advancing Industrial Layout requirements, the Group ensures 100% compliance in the concentration, rate, and total volume of various waste gas and
Automotive wastewater pollutant emissions. During the reporting period, major pollutants, characteristic pollutants, and controlled
Exhaust The o?cial commissioning of Catalysis Dongying Line 2 is an important step in the phased
substances under international environmental conventions were all treated as required, achieving stable compliance with
no exceedances. The Group strengthened pollutant emission monitoring, and no environmental issues occurred that
Puri?cation construction of a 12 million liters/year automotive exhaust puri?cation catalyst production
a?ected the health of employees or local community residents, or led to air quality deterioration or water source pollution.
base. The production line is flexible, primarily manufacturing products for gasoline
Catalysts engines while also accommodating diesel engines, with product speci?cations covering An environmental monitoring plan was developed and self-monitoring was carried out accordingly. Upon assessment, no
mainstream market product types. During the "14th Five-Year Plan" period, the Group major de?ciencies were identi?ed in the environmental monitoring plan or risk management measures.
cumulatively produced 30.18 million liters of automotive catalysts, a year-on-year increase
During the "14th Five-Year of 64.74%.
Plan" period, the Group
cumulatively produced
Advancing Core Product R&D
Emission Reduction Actions
of automotive catalysts, The Group has cultivated "SPM Premium" products such as "China VI Low-Precious- requirements, controls pollutant emissions, strengthens emission
a year-on-year increase Metal Gasoline Engine Catalysts" and "Gasoline Vehicle Catalysts for Di?erent Foreign monitoring, promotes stable compliance of waste gas and wastewater
of 64.74% Regions," achieving breakthroughs in both technology and market for gasoline engine
catalysts. China VI gasoline engine technology continues to evolve, with three-way
emissions, and ensures the standardized storage and transfer of
catalysts overcoming the challenge of low light-off temperature, forming a full product hazardous waste. Pollution prevention and control facilities are
series. The Group pioneered MC high PN capture technology, achieving differentiated designed, constructed, and put into operation simultaneously with the
and ?exible control with outstanding competitive advantages. For diesel engines, it has main projects in strict accordance with EIA requirements, maintaining
?nalized highly stable low-precious-metal DOC technology, taking the lead in implementing the normal operation of environmental protection facilities during
coating batch production processes and low-ammonia slip technology, significantly production and operations. The Group adopts pollution prevention
enhancing product competitiveness. For China VI gasoline engines, the Group achieved and control technologies appropriate to its production and operation
the ?rst mass production of the 33g solution, while the 15g low-precious-metal solution scale, such as three-effect evaporation, physicochemical treatment
improved oxygen storage performance by 16%, outperforming competitors. For China VII technologies, and biological treatment technologies. Some units have
standards, the Group has broken through challenges in low-temperature, ammonia, and
installed online monitoring equipment as required to conduct real-time
nitrous oxide emission control, ?nalizing ?rst-generation China VII reserve technology and
monitoring of pollutant emissions.
seizing ?rst-mover advantages in the industry.
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a Green Future Future for a Sustainable Future
Waste Gas and Wastewater Emission Reduction Measures Noise Pollution Control
The Group regularly assesses the operational efficiency of waste gas and wastewater treatment facilities, The Group actively promotes noise pollution prevention and control throughout its production and operation
deeply carries out upgrades and renovations of treatment facilities, adopts high-efficiency treatment processes. It strictly approves sporadic construction within plant areas, especially in noise-sensitive areas,
technologies, assigns dedicated personnel for management, and strengthens facility inspection, maintenance, regularly inspects noise pollution situations, and takes measures such as installing vibration-damping and noise-
and upkeep to ensure normal operation. By using low-pollution raw materials, improving production processes, reducing facilities and replacing equipment with quieter alternatives to reduce and eliminate noise complaints. It
and enhancing reclaimed water reuse, the Group reduces waste gas and wastewater emissions at the source. It strengthens the control of construction noise from construction projects, strictly controls construction hours, and
inspects the drainage of rainwater and sewage pipelines in the Group's parks, and promptly cleans septic tanks rigorously prevents construction noise from disturbing nearby residents.
and rainwater/sewage manholes to ensure smooth drainage during ?ood seasons. SPM Catalysis carried out
special treatment for noise issues from the waste gas treatment system, air compressor room, and waste gas
fan room.
Ecological Protection
Waste Treatment and Disposal
Biodiversity Conservation
In strict accordance with EIA approvals and pollutant discharge permit requirements, the Group classifies,
collects, and stores various types of waste, standardizes the hazardous waste transfer process, and ensures The Group firmly establishes awareness of ecological red lines, integrating ecological and environmental protection
that all hazardous waste and general industrial solid waste are properly and e?ectively disposed of. concepts into its production and operation activities such as project site selection and construction. Its production
activities, services, and products have not impacted the ecological balance or biodiversity of the localities where it
Hazardous Waste Treatment and Disposal operates. In 2025, the Group's production and operation activities did not involve key terrestrial or marine ecological
function zones, ecological protection red lines, nature reserves, or other areas with important ecological functions or
The Group strengthens the management of non-hazardous waste such as construction waste and domestic sensitive/vulnerable ecological environments, and did not impact ecosystems, biological species and their habitats, or
waste, prohibits indiscriminate dumping, ensures their classi?ed collection and centralized storage at designated biological genetic resources.
locations, and entrusts environmental sanitation departments with their regular removal, utilization, or compliant
disposal.
Soil Pollution Prevention
Heavy Metal Pollution Prevention
The Group complies with the "Soil Pollution Prevention and Control Law of the People's Republic of China" and other
For precious metal materials involved in the production process, such as gold and silver, the Group has relevant laws and regulations. To address potential soil pollution from production activities, it conducts regular monitoring
established strict systems to control precious metal losses, adopts advanced and mainstream pollution of plant sites and surrounding land to ensure the safety and compliance of land use and prevent soil pollution. At industrial
prevention technologies, and ensures that all waste containing precious metals is properly recovered and treated park construction sites, the Group conducts real-time environmental monitoring and takes measures to reduce dust and
without causing environmental pollution. construction noise, avoiding adverse impacts on surrounding areas.
Heavy Metal Pollution Prevention
For precious metal materials involved in the production process, such as gold and silver, the Group has
established strict systems to control precious metal losses, adopts advanced and mainstream pollution
prevention technologies, and ensures that all waste containing precious metals is properly recovered and treated
without causing environmental pollution.
Reduction of Hazardous Substance Use
In the preliminary planning stage, the Group prioritizes the selection of new technologies, processes, materials,
and equipment that are non-toxic (harmless) or low-toxicity (low-harm) to reduce the use of hazardous
substances. It conducts safety assessments and toxicity tests on raw and auxiliary materials, selecting
products that meet environmental and safety standards to ensure the non-toxic or low-toxicity characteristics
of the materials used. In production processes, the Group requires suppliers to provide Chinese manuals and
implements process controls to reduce potential risks to worker health and the environment.
Society
In 2025,the Group
Sharing
for a Better Future
national-level talent
Selected as one of
the ?rst batch of talent 311
created
new jobs
demonstration projects
in Yunnan Province,
and selected as one
of the second batch of
certi?ed talents
employer autonomy
pilot units by the
Total social
contribution
Yunnan Provincial Party investment of RMB
Committee
Sino-Platinum Metals Group bears in mind the
responsibility of the "greaters of the nation," deeply
integrating its corporate development into the Responses to Sustainable
process of social progress. It implements practical
measures for people's livelihoods, grows together
Development Goals (SDGs)
with its employees, achieves win-win cooperation
with its partners, shares its achievements with
society, and builds an open, inclusive, and
sustainable responsibility ecosystem. The Group
continuously gathers positive forces, infusing the
vitality and warmth of the precious metals industry
into high-quality social development, jointly painting
a bright future of mutual benefit and win-win
outcomes.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Improving The Group has formulated and revised six policies and measures including the "Compensation
Management Measures" and the "Overseas Work Allowance Management Measures,"
Employee Development Compensation paying employee salaries on time and in full. Centered around the requirements for full-
tier compensation transparency management, the Group has advanced the preliminary
and Bene?ts demonstration and project establishment of the compensation transparency system, organized
and conducted research, and laid the foundation for system development. It has guided
subsidiaries in the preliminary realization of the 2025 total salary budget, advanced the
annual total salary ?ling and the advance payment of compensation for mid-level managers,
Sino-Platinum Metals Group adheres to the philosophy that "talent is the primary establishing a more standardized, transparent, and e?cient compensation distribution system.
resource," safeguards the legitimate rights and interests of employees, implements the The Group has implemented a restricted stock incentive plan for senior executives and core
"Talent Strengthening Enterprise" strategy, supports employee development, builds talent, setting strict performance assessment indicators to ensure alignment of incentive
measures with the Group's strategic goals. It continuously improves the welfare management
diverse growth pathways, and achieves mutual growth between the enterprise and its system, implements basic bene?ts in accordance with laws and regulations, promotes regular
employees. bene?ts such as health checkups, work meals, birthday and holiday bene?ts, and establishes
medium- to long-term welfare mechanisms through enterprise annuities and supplementary
medical insurance, providing comprehensive and stable security for employees.
The Group strictly implements the work deployment of the State-owned Assets Supervision
and Administration Commission (SASAC), focusing on the issue of wage arrears for migrant
Safeguarding Employee Rights and Interests workers by conducting in-depth special recti?cation to e?ectively safeguard the legitimate rights
and interests of migrant workers. In 2025, the Group organized seven comprehensive surveys
and inspections, and no wage arrears were found.
Commitment to Equal Employment
Implementing The Group has improved its democratic management mechanism, convened the First Session
of the Second Employee Representative Congress, adjusted the trade union setup of two
The Group implements its "Labor Relationship Management Measures (Trial)," "Recruitment Management Measures,"
"Labor Dispatch Management Measures" and other requirements, adhering to the principles of "openness, fairness, Democratic departments based on organizational restructuring, and fully staffed trade union committee
members. It has revised the Group's trade union fund management measures and undergone
competition, and merit selection." It ensures information disclosure, transparent processes, and publicized results in
recruitment and talent acquisition, eliminating any discriminatory restrictions based on race, gender, religious belief, or Management special audits of trade union funds by higher-level authorities. The Group has established
and improved employee grievance mechanisms in areas such as employee assessment and
nationality. The Group has established four recruitment channels: campus recruitment, social recruitment, targeted talent professional title evaluation, established a performance appraisal grievance channel, de?ned
recruitment, and ?exible talent recruitment. It strictly implements a family avoidance system, standardizes recruitment the scope and time limit for accepting grievances, and ensured the con?dentiality of grievance
file management, and improves the accountability mechanism for irregular recruitment, ensuring legal compliance, information. Employees who disagree with performance appraisal results may file a written
hierarchical responsibility, merit-based selection, and job-person ?t. In accordance with the Group's actual circumstances, grievance with their respective units within the prescribed period. Professional title evaluations
it adopts diversi?ed employment forms in compliance with the law, strictly signs labor dispatch agreements, provides are publicly announced in strict accordance with regulations, with grievances and complaints
flexible employees with state-mandated annual leave, social insurance and housing fund ("five insurances and one accepted throughout the process and timely responses provided in coordination with relevant
fund"), and year-end performance bonuses. At the same time, it requires employees to join trade unions in accordance departments.
with the law and organizes the conversion of dispatch employees to regular status according to prescribed ratios. The
Group adheres to equal pay for equal work, prohibits child labor and any form of forced labor, and e?ectively safeguards
the legitimate rights and interests of all employees. In 2025, 311 new employees were recruited, and the labor contract Caring for The Group follows the "Occupational Health Management Measures" and optimizes its
occupational health and safety management processes. It promotes the adjustment and
signing rate for new employees was 100%.
Employee optimization of the supplementary medical insurance plan toward a "short-term + long-term"
combination. The Group conducts occupational safety risk identification and assessment
Health in areas such as production process and equipment layout, emergency rescue facilities,
occupational disease protection facilities, personal protective equipment, occupational health
had total employees on payroll management organizational structures and systems, training, and monitoring, ensuring
As of the end of 2025,the Group
and operation unit has completed its annual occupational health examination and annual
declaration of occupational disease hazard projects, actively accepting government supervision
and social oversight. The Group cares for the physical and mental health of its employees by
holding mental health lectures. In 2025, the Group organized physical examinations for 1,600
employees and arranged for 46 o?cials and sta? to participate in various types of recuperation
and rest. No new occupational disease cases were reported.
In 2025, the Group
organized physical
examinations for
Permanent contract Doctoral Associate degree R&D and technical Operations Production
employees 2,119 degree 81 and below 831 personnel 605 management 91 operators 850
Dispatched Master's Bachelor's Professional Marketing and Operations
employees 149 degree 344 degree 1,012 management sales personnel support
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Supporting Employee Development Strengthening Leveraging its role as the "chain master" of the precious metals industry, the Group
continuously expands high-quality internal and external training resources, improves its
Employee training system, and builds a talent cultivation chain for the industry. Focusing on diversi?ed
course development in management, skills, and technology, the Group has set up targeted
Implementing the "Talent Strengthening Enterprise" Strategy Training key class training and personalized empowerment training programs. Following industry
trends, the Group carries out special training programs. Through university-corporate
cooperation models, it has organized "Innovation Management and Strategic Leadership
Enhancement Seminars" for o?cials, and hosted the "Yunnan Provincial Industrial Leading
The Group participated in major talent recruitment events such as the "International Talent Exchange Talent Advanced Seminar" and the "Advanced Seminar on the Transformation, Upgrading,
High-Level Conference" and the "Three-Year Action Special Recruitment for Doctoral Students" organized by and Digitalization of the Rare and Precious Metals New Materials Industry" commissioned
Talent the Provincial Party Committee Organization Department and the Provincial SASAC, and conducted by the Provincial Department of Human Resources and Social Security, strengthening talent
Recruitment targeted outreach at key universities including Central South University, Nanjing University, and cultivation in the precious metals industry. The Group continues to carry out regular training
and Chongqing University. Focusing on solving critical key and core technologies in high-end advanced for professional and technical personnel and promotes on-the-job education advancement
Cultivation materials and key core technologies in green industries, the Group recruited 18 doctoral students and programs. In line with digital construction, the Group continues to develop the "SPM
topics such as professional ethics and craftsmanship spirit, with over 1,000 online training
training participations participations annually, broadening on-the-job continuing learning channels. In 2025, the
In 2025, Sino-Platinum Metals Group Group selected 9 outstanding scientific and technological leading talents and innovation
annually
teams for cultivation, and recommended more than 30 core talents to pursue engineering
master's and doctoral degrees.
Recruited 19 young 1newly selected national-
Recommended 1 candidate for the 2025 Chinese
doctoral and market- level talent
Academy of Engineering academician election, and 1
operations management talent for the "Xingdian Talent
oriented talents Award" recommendation process of the Provincial SASAC
Recruited 35 master's 3provincially certi?ed 16% Recommended 55 candidates for
degree holders and talents national and provincial key talent projects, a
"Double First-Class" year-on-year increase of 16%
bachelor's degree
holders
Including 1 newly selected 22 selected for talent
for the National programs such as the
Special Talent Provincial Xingdian
Recruited 24 doctoral Support Program Talent Support Program
talents
As one of the first batch of pilot units for "enterprise talent recruitment and cultivation" in Yunnan
Province, the Group recruited 3 outstanding graduates for training and development in its subsidiaries.
It continues to carry out the selection and appointment of "deputy chief scientists and engineers,"
Talent Platform appointing 3 such individuals. The Group has built a platform integrating "discipline + scienti?c research From November 16 to 28, 2025, Precious Metal Group hosted the "Yunnan Provincial Industrial Leading Talent Advanced Seminar" and the
Development + industry," improved its independent professional title evaluation system, and established a "Modern "Advanced Seminar on the Transformation, Upgrading, and Digitalization of the Rare and Precious Metals New Materials Industry," building a
Apprenticeship Teaching Pilot Base" and a Modern Industrial College for Rare and Precious Metals. platform for learning and exchange for industrial talents and senior professional and technical talents in the province.
In 2025, the Group was recognized as a Leading High-Tech Enterprise in Yunnan Province. It was
successfully selected as one of the first batch of talent demonstration projects in Yunnan Province,
receiving an excellent rating and RMB 700,000 in project funding support. It was also shortlisted for the
provincial-level project establishment list for new doctoral degree-granting units in Yunnan Province. Clearing The Group has improved and perfected a job rank development channel with six
horizontal sequences and 16 vertical levels, establishing a career development path that
The Group has established a "talent service steward" mechanism to provide full-process service support
Development simultaneously advances management, technical, and skills tracks, enabling employees to
develop both vertically and horizontally. In accordance with the "Measures for the Separation
Talent Service
Support
for talents at all levels of the Group. In 2025, talent project funding and living subsidies totaling RMB Pathways of Rank-Based Compensation and Position Performance," each unit sets positions based
and marketing. The skilled operations rank is divided into two sub-sequences: production
Deepening the Reform of the Industrial Worker Workforce Development The Group received 1 processing and production support. There are a total of 16 levels in the position and rank
"National Model Worker" and sequences, from highest to lowest. The Group actively promotes the e?ective integration
The Group conducts skills competitions for analysis and "Yunling Model" of professional titles with vocational qualifications and skill level certification systems,
testing positions to effectively enhance the technical supports highly skilled talents in participating in professional title evaluations and vocational
capabilities of personnel involved in analysis and qualification examinations, encourages professional and technical talents to participate
testing, and deepens the reform of industrial worker in vocational skill assessments, builds an "overpass" for the growth of both professional/
workforce development. It carries out "Seven Small" 2 provincial "May Day Labor technical and skilled operational talents, breaks down the barriers between professional title
employee initiatives, building a platform for industrial Medals"
evaluation and vocational skill assessment, and broadens the upward channels for technical
workers to excel and contribute. Over 137 "Seven Small"
suggestions and 合 理 化 建 议 were collected annually, and skilled talents. The Group strengthens the value orientation of talent evaluation, deeply
promoting green technological transformation. The Group 1 ?rst prize in the linking the results of excellence selections and talent project evaluations with the actual
has established a new mechanism for cultivating versatile Provincial Youth Science interests and career development of talents, thereby broadening career development
In September 2025, 37 trade union o?cials and frontline industrial workers spaces. In 2025, the Group received one "National Model Worker" and "Yunling Model", two
young o?cials, launching the ?rst batch of young doctoral and Technology Innovation
from Precious Metal Group participated in training on the reform of
training and development work, and selecting 7 young industrial worker workforce development and trade union work. Provincial "May Day Labor Medals", and one ?rst prize in the Provincial Youth Science and
doctoral candidates to be stationed at subsidiaries for Commando Competition Technology Innovation Commando Competition.
practical experience.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Caring for Employees Promoting Workplace Safety
The Group deepens the construction of "Employee Homes" and implements the "Three Hearts" Employee Care Program
to warm, ease and soothe employees' hearts. Improving the Governance System
The Group has established safety and health as priorities in its corporate strategy, fully integrating them into corporate
"Heart-warming" Initiative "Heart-easing" Initiative “heart-soothing” Initiative governance and core decision-making processes. It has established and improved occupational health and workplace
safety management mechanisms under the unified leadership of the Group's Committees for Workplace Safety,
The Group has deeply advanced The Group strengthens care The Group understands Ecological and Environmental Protection, Fire Safety, and Occupational Disease Prevention. The Group continuously
the "I Do Practical Things for the and daily support for sick employees' living conditions carries out standardization work for workplace safety and occupational health management, promptly revising and
People" initiative, addressing and ?nancially struggling and ideological states, provides improving relevant management measures to further optimize management processes and improve work e?ciency and
urgent issues such as the employees, regularly visiting various guarantees for those management standards. It continuously enhances its own safety management level and promotes the implementation
compensation and bene?ts of them. It coordinates high- working in di?erent locations, of responsibility for occupational health and safety management, with 7 units that have established occupational health
dispatched employees and the quality educational resources to and maintains the stability of the and safety management systems operating continuously and e?ectively. The Group strictly implements the workplace
schooling of employees' children, address the school enrollment of employee workforce. It has built safety responsibility system, completes the signing and assessment of annual safety and environmental responsibility
solving a total of 58 practical employees' children. The Group the "Charming SPM" series brand agreements on time, and forms closed-loop management. It has officially launched an EHS information system,
problems. Upholding the original has run two sessions of childcare and organized mass cultural completed domestic environment adaptation testing and submitted a Quali?ed report, and successfully passed project
and sports activities such as
aspiration of "serving veteran classes, e?ectively solving the acceptance. In 2025, the Group experienced no major or above workplace safety accidents, received no safety-related
employee sports meets, Spring
colleagues and harnessing the problem of unattended children administrative penalties, and achieved the workplace safety targets set at the beginning of the year.
Festival long-distance runs,
power of the silver generation," of employees. In 2025, the Group basketball games, employee
the Group has established a visited and cared 210 employee
dynamic information database households, spending RMB
spring and autumn outings,
"Scholarly March 8th" reading
Strengthening Specialized Governance
with "one ?le per person" for 179,800 on care funds. shares, parent-child reading,
veteran colleagues, providing The Group strengthens safety control of hazardous chemical warehouses and fully implements the Group's full-process
and "Our Festivals" traditional
them with convenient services supervision mechanism for hazardous chemicals. It organizes thematic exchange meetings on hazardous chemicals,
cultural activities. The Group has
such as policy consultation and mechanical injuries, chlorine use, and internal reporting of potential hazards to enhance management capabilities in
also organized employees to
bene?ts application, and promptly participate in Yunnan Provincial specialized areas. It guides subsidiaries in iteratively optimizing the dual prevention mechanism and standardizing the
responding to and resolving their workplace exercises (Baduanjin) "Three Simultaneities" management for project safety and environmental protection. It promotes the annual certi?cation and
concerns. competitions, weekend volleyball review of principal responsible persons and safety management personnel. It ensures full coverage of three-level safety
leagues, and the "Red Land Song" education for new hires, transferred employees, dispatched employees, and interns, and establishes corresponding ?les.
speech contests, creating a green,
healthy, and uplifting atmosphere.
Safety Management of Metal Products
Transport Safety Management: Based on the shape and weight of metal products, the Group selects
appropriate vehicles and protective securing equipment, accurately calculates loads, and strictly prohibits
overloading. It provides special training for drivers and escorts. During transport, it monitors vehicle status in
real time and develops comprehensive emergency plans to ensure transport safety.
Metal Surface Safety Management: In metal surface chemical treatment processes, the Group adopts
measures such as enclosure, exhaust purification, acid mist suppression, and spraying. It supervises and
guides workers to correctly wear and use labor protective equipment in accordance with usage rules to ensure
operational safety.
Hazardous Chemical Safety Management
The Group continuously promotes full-process safety governance of hazardous chemicals, improving
systems and operating procedures in all links including warehousing, storage, use, transport, and disposal,
strengthening training and regular inspections, and building a comprehensive and e?cient hazardous chemical
safety management system.
Vehicle Safety Management
The Group strengthens special inspections of vehicles and drivers, continuously conducts driver safety
training and new energy vehicle skills training, and performs random alcohol testing. In 2025, the Group
conducted 4 spot checks on the vehicle management of subsidiaries and 2 spot checks on the Suspended of
o?cial vehicles at headquarters and subsidiaries during major holidays.
In November 2025, Precious Metal Group organized its 2025 Employee Sports Meet.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Improving Safety Emergency Response
In accordance with relevant laws and regulations and based on its actual circumstances, the Group has prepared
Customer Service
corresponding emergency response plans for workplace safety incidents and ?led them with competent local authorities.
All plans are valid. Centered around activities such as "Workplace Safety Month," "Fire Safety Publicity Month," and the
"Safe Production Cup" competition, the Group has conducted emergency drills covering earthquakes, mechanical injuries, Sino-Platinum Metals Group, with its mission of "developing the new materials industry
?res, and hazardous chemical leaks, strengthening its emergency response capabilities. In 2025, the Group conducted a and serving high-quality human life," actively expands the application of precious metals
total of 51 emergency drills. and representative new strategic ?elds. It continuously strengthens product quality control,
improves its customer service system, and is committed to providing customers with high-
quality products across the entire industrial chain and full-lifecycle services.
Conducting a Series of Fire Emergency Evacuation Drills
In June 2025, subsidiaries and departments of Sino-Platinum Metals Group organized a series of fire emergency Focusing on Core Responsibilities and
evacuation drills, simulating various major safety accident scenarios. Through these drills, the Group further improved
its emergency response plans and enhanced the safety awareness and emergency response capabilities of its Main Businesses
employees and o?cials.
Promoting Industrial Upgrading
The Group has planned an industrial layout of "One Headquarters, Multiple Parks, Two
Platforms, and 1+N Centers," resolutely implementing the provincial Party committee
and government's requirements to strengthen and expand the rare and precious metals
industry, and fully advancing the implementation of industrialization projects. In terms of
innovation platform construction projects, the provincial laboratory construction project
has completed preliminary site preparation and production guarantee renovation work.
Regarding the construction of precious metals new materials manufacturing bases,
the main structure construction of the Majinpu Industrial Park (Phase II) workshop is
progressing smoothly, the ?rst phase of the Gold Electronic New Materials Production Line
project in the Dianzhong New Area has been completed, and the "12 million liters/year
Automotive Exhaust High-Efficiency Catalytic Conversion Technology Industrialization
Construction Project" in Dongying, Shandong is advancing in an orderly manner.
Group Headquarters, SPM Metals, SPM Electronics, SPM SPM Resource conducted a ?re emergency drill for rhodium pac Regarding the construction of a national strategic platinum group metal resource recycling
Semiconductor, SPM Gold, and SPM Industrial Catalyst conducted (Rh-PAC) leakage. industrial base, the ?rst phase of the Precious Metals Secondary Resources Enrichment
?re evacuation emergency drills
and Regeneration Modern Industrial Base project has achieved trial production.
CASE
Further Reading
Deepening Hidden Hazard Identi?cation One Headquarters, Multiple Parks, Two Platforms, 1+N Centers"
With Kunming as the headquarters, the Group has laid out multiple industrial parks
The Group has woven a dense network for hidden hazard identification. Relying on its EHS information system and including Kunming Headquarters, Majinpu, Dianzhong New Area, Shanghai Sheshan,
integrating various means such as pre-holiday inspections, post-work-resumption inspections, daily inspections, and and Dongying, Shandong. It is building two major innovation platforms, forming a
special tackle tough challenges actions, it maintains a high-pressure situation for the identification and treatment of "1+N" multi-location coordinated industrial development pattern.
hazards in key areas, ensuring safe enterprise operations. In 2025, the Group recti?ed a total of 953 hidden hazards, with
all hazards either recti?ed immediately or addressed through a checklist-based closure system.
Building an Excellent Brand
The "SPM" brand is a signi?cant achievement of Precious Metal Group's brand building.
Cultivating a Safety Culture 2025 The Group vigorously implements the "SPM Premium" project, providing support for the
development of its series of identi?ed "?agship products" to further improve product quality.
SPM Premium products It continues to advance the three-year action plan for the SPM Premium project, revising the
The Group has solidly advanced the development of a safety culture by compiling a safety culture manual, formulating "Implementation Plan for Building SPM Premium" and the "Management Measures for SPM
achieved sales revenue of
a safety culture plan, developing safety culture training courseware, and producing safety culture promotional videos. It Premium." The Group organized the second batch of 14 SPM Premium product evaluations
has organized special seminars, "Everyone Talks About Workplace Safety" activities, and centralized viewings of safety RMB 29.4 billion, a year- and signed three-year assessment indicators with each production and operation unit. It has
established a regular promotion mechanism, requiring 2 units to report on their progress in
warning education ?lms, achieving full coverage of learning and publicity. The Group has organized interactive activities on-year increase of 31% building SPM Premium products each month. Leveraging the Group's o?cial WeChat public
such as "Take a Photo of Hidden Hazards," effectively stimulating the enthusiasm of all employees to participate in
account, it has promoted 34 SPM Premium products in phases, e?ectively enhancing the
safety management. It has conducted safety skills competitions, and through measures such as hanging safety slogans, brand's industry in?uence and building consensus on the development of SPM Premium
pushing knowledge through online platforms, and displaying information on o?ine bulletin boards, has built a favorable products. The Group is the only enterprise in China to have simultaneously obtained three
public opinion environment where all employees pay attention to and actively participate in safety development. In 2025, qualifications from the Guangzhou Futures Exchange: platinum and palladium delivery
the Group conducted a total of 217 various types of safety training sessions. brand, delivery warehouse, and designated inspection agency. In 2025, SPM Premium
products achieved sales revenue of RMB 29.4 billion, a year-on-year increase of 31%.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
National Defense Industry Environmental Protection
Product Quality Management
Governance
Based on industry characteristics, market demands, and its own needs, and in accordance with advanced domestic and
international standards such as GB/T 19001 and IATF 16949, the Group has established and continuously improves
Metal Layered Composite Strip Plug-in Hybrid Electric Vehicle (PHEV) Exhaust Puri?cation Catalyst
its quality management system. For each process, necessary management systems have been established to ensure
process operation through process control, thereby meeting customer requirements. Clear quality policies and objectives
have been established to ensure understanding and implementation by all employees. Business processes are optimized,
quality standards are strictly adhered to, and errors and waste are reduced. Human, ?nancial, and material resources are
scienti?cally allocated, quality training is conducted, and the quality awareness and skills of all employees are enhanced.
Relying on audit assessments and customer feedback, the Group promotes continuous improvement of the system.
Silver-Copper Alloy Powder Standard Palladium Ingot
Quality Management System Organizational Structure
Precious Metal Conductive Ring Materials for High-End Equipment Standard Platinum Ingot General Manager
Deputy General Manager
Iridium Electrodes for Aircraft Engine Ignition Platinum Paste
New Energy Chemicals Life and Health Next-Generation Information Technology
Administration Human Finance Operations Metal Science and Production Testing Relevant
O?ce Resources Department Support Management Technology and Center Business
Department Center Center Department Operations Divisions
Department
Cyclohexane Dehydrogenation Catalyst Medical Head Electrode Low-Temperature Silver Paste
In 2025, SPM Bio obtained ISO 13485 certi?cation, continuously improving its quality system to meet the requirements of
the high-end medical industry. SPM New Energy Technology (Shanghai) Co., Ltd. and SPM Powder Materials (Shanghai)
Co., Ltd. obtained ISO 9001 quality system certi?cation.
Silver-Based Electric Vacuum Solder Medical Developing Ring / Medical Marker Ring Tetraamminepalladium(II) Sulfate
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Strategy Product and Service Quality Opportunities
Risk Risk Impact Value Chain Potential Impact / Response
Product and Service Quality Risks Category Description Timeframe Segment Financial Impact Strategy
Risk Risk Impact Value Chain Potential Impact / Response Brand Premium High-quality products Medium to Operations Build di?erentiated · Focus on the high-end market
Category Description Timeframe Segment Financial Impact Strategy & Market and services are the long competitive and establish a quality label of
Competitiveness most direct di?erentiating advantage; enhance "high precision, high stability, high
Opportunity advantage, enabling brand in?uenc reliability"
Violation Products failing to meet Short to Operations, Product recall · Establish a compliance enterprises to achieve · Launch high-end customized
of quality mandatory national/ medium Downstream costs, production standards library covering all brand premiums above product series and establish a clear
standards industry standards suspension product lines, dynamically track the industry average
updates to national/industry quality premium pricing strategy
may result in ?nes losses, business
from market regulatory mandatory standards, and
stagnation risk ensure full-process compliance in
authorities, product
recalls, production production and testing Market Access Products that meet Short to Operations, Reduce market · Benchmark against quality
suspension and & Expansion stringent quality standards medium Downstream expansion costs standards for government
· Establish a special compliance ?nd it easier to enter high-
recti?cation, and audit process; new products must Advantage procurement and large enterprise
in severe cases, pass compliance veri?cation end markets, government supply chains, completing access
revocation of production before market launch procurement, and large certi?cations in advance
quali?cations enterprise supply chains; · Establish a dedicated market
a strong service reputation expansion team, leveraging existing
Lack of Services failing to meet Short to Operations, Increased litigation helps enterprises quickly high-quality customer referrals for
service the performance and medium Downstream costs, brand · Strengthen legal training for expand into new regions introductions, reducing customer
compliance after-sales requirements reputation risk customer service teams, focusing and customer segments
on clauses related to product acquisition costs
of the "Consumer Rights
Protection Law of the quality liability in the Consumer
People's Republic of Rights Protection Law and the E?ciency Improving quality through Short to Operations Reduced non- · Promote Total Quality
Compliance Civil Code Optimization methods such as lean long conforming product Management (TQM) with full
China" and the "Civil Code
& Legal Risk & Cost Saving production, Total Quality scrap rate; lower employee participation in quality
of the People's Republic of · Establish a pre-dispute
mediation mechanism; upon Opportunity Management (TQM), and total operating costs improvement, establishing a quality
China" may easily lead to cost accounting system
consumer litigation receiving customer complaints, Six Sigma can reduce
prioritize resolution through the "cost of poor quality," · Introduce Six Sigma management
negotiation to avoid litigation including rework, scrap, methods, carrying out quality
escalation and after-sales repairs improvement projects focused
on core production processes to
· Strengthen full-process quality reduce key defect rates
Liability Product quality defects Short to Operations, Exposure to
control, implementing multi- · Optimize production processes,
recovery risk causing personal injury medium Downstream administrative dimensional checks from raw
or property damage to penalties, risk of reduce redundant steps, and
material procurement and improve production e?ciency and
consumers may result customer loss production processes to ?nished quality stability
in civil compensation, product testing, controlling
administrative penalties, product defect rates
and even criminal liability Supply Chain Selecting suppliers based Medium Upstream Reduced risk · Establish a supplier quality rating
· Establish a major quality
for the enterprise; accident emergency response Synergy on quality, promoting term of production system, using quality performance
customer losses caused mechanism; upon receiving Upgrade upstream enterprises interruptions; as a core cooperation indicator, and
by service errors may also customer reports of losses, to improve quality deepened phase out low-quality suppliers
trigger high compensation promptly conduct loss
assessment, cause investigation, standards, forming a partnerships · Sign quality collaboration
payments stable supply chain
and emergency response agreements with core suppliers,
quality system, reducing jointly carry out R&D for raw
raw material defect rates, material quality improvement, and
and improving production share quality inspection data
Reputation Exposure of quality issues Short to Operations, Risk of customer · Establish a quality public e?ciency
risk may trigger a public long Downstream loss, increased opinion monitoring mechanism,
opinion crisis, consumer brand restoration tracking relevant reports on social
boycotts, and negative costs, market exit media and industry media in real
time, and responding quickly to Digital Quality Using AI, big data and Short to Operations Improved quality · Build a digital quality control
social media ampli?cation,
Reputation & directly leading to a sharp negative public opinion Control other technologies to medium monitoring platform, integrating production,
Market Risk achieve real-time quality e?ciency; enhanced inspection, and after-sales data to
decline in sales; brand · In the event of quality monitoring, improve quality control achieve full-process traceability
restoration is a long and issues, communicate openly quality control e?ciency, precision · Deploy AI vision inspection
costly process, and some and transparently at the ?rst
opportunity, proactively disclose and reduce human error equipment and IoT sensors in core
enterprises may even exit
the market as a result corrective measures, and seek production processes to monitor
understanding from customers product quality parameters in
and the public real time and automatically alert
anomalies
Declining
· Use big data to analyze quality
Risk of In homogeneous Medium to Operations,
revenue,
· Improve after-sales response ?uctuation patterns, anticipate
Customer customer competition, quality long Downstream e?ciency, reduce average
declining
potential quality risks in advance,
loss incidents may drive response time, and further
pro?tability
loss and and achieve preventive control
customers to competing increase the problem resolution
substitution products; poor service rate · Digitize after-sales service,
risk experience may reduce enabling customers to query
· Regularly conduct customer product warranty and repair records
customer repurchase satisfaction surveys, and optimize
rates and undermine in real time through the system,
product quality and services in a
long-term customer targeted manner improving service experience
value
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a Green Future Future a Sustainable Future
Improving the Service System
Risk, Impact and Opportunity Management
Responsible Marketing
Quality Risk Identi?cation and Assessment The Group implements the "Corporate Integrity Management Control Procedure," committing that all products sold are
free from infringement, counterfeiting, inferior quality, and prohibited sales, and resolutely avoids false information and
misleading content, building an image of an enterprise operating with integrity. It improves information communication
mechanisms, promptly publishes and updates information, and ensures information timeliness. It continuously
The Group carries out product quality risk identi?cation and assessment, establishes a systematic and
strengthens the protection of consumer safety rights and interests, carries out product quality risk identification and
comprehensive product quality identi?cation mechanism, and applies scienti?c and e?ective quality risk assessment, establishes a systematic and comprehensive product quality identi?cation mechanism, applies scienti?c and
assessment methods to enhance its ability to anticipate and prevent quality risks. It implements full- e?ective quality risk assessment methods, and provides safety education and warnings, instruction manuals, warning
process, full-lifecycle risk control over design, procurement, production, and sales, ensuring product labels, etc., to prevent risks arising from improper operation or use.
consistency and safety, and preventing the circulation of non-conforming products. It provides consumers
with safety education and warnings, instruction manuals, warning labels, etc., to reduce the risk of After-Sales Service
improper operation and misuse. The Group has built a rapid response system and implements the "Quality Information Management Standards" and
"Rapid Response Management Standards." Through a remote + on-site model, it promptly receives, processes, and
transmits customer information and provides after-sales service. Leveraging its core business of precious metals
new materials manufacturing, it provides supporting precious metals resource recycling and supply services, o?ering
Quality Risk Classi?cation and Control customers one-stop comprehensive services, improving resource utilization rates, and reducing environmental impact.
The Group discloses service information such as warranty policies, service channels, and response times, strengthens
technical and service awareness training for after-sales service teams, and enhances professional service capabilities. It
regularly conducts customer satisfaction surveys covering after-sales service to continuously improve service levels.
The Group has established a tiered emergency response mechanism for major liability accidents,
clarifying division of labor, ensuring smooth information communication, and ensuring timely and updated Handling Customer Complaints
information release to avoid information distortion. It maintains a "zero tolerance" policy for major quality
The Group has established standardized response procedures for quality incidents, customer complaints, and grievances
and safety accidents, establishes a transparent and e?cient prevention and response mechanism, and to prevent the escalation of impacts and losses. It collects, analyzes, improves, tracks, and veri?es relevant information,
promotes continuous closed-loop improvement of the management system. strictly implements the "Customer Communication Service Management Procedure" to maintain communication
with customers. Compensation matters are resolved through negotiation based on the severity of the incident and in
accordance with contracts, agreements, or laws and regulations, and through judicial channels when necessary. In 2025,
the customer complaint resolution rate was 100%.
Quality Hazard Identi?cation and Treatment
Data Security and Customer Privacy Protection
The Group carries out product quality hazard identification to promptly discover and eliminate quality The Group implements system standards such as the "Information Management Measures" and "Network and
hazards. It has formulated the "Quality Information Management Standards," "Rapid Response Information Security Management Standards," as well as work detailed rules including the "Network Security Work
Management Standards," and "Customer Communication Service Management Procedures," establishing List" and "Network Security Emergency Support Plan," establishing a network and data security management
system. It carries out information infrastructure construction in accordance with the national "Classi?ed Protection
a closed-loop mechanism covering proactive recall of defective products, standardized complaint handling,
and two-way after-sales communication. For defective products, the Group executes recalls, proactively situational awareness, internet behavior management, vulnerability scanning, log auditing, and endpoint security
discloses information, promptly contacts customers, and assumes corresponding responsibilities, management. The Group conducts regular and irregular network and data security inspections, actively participates
e?ectively safeguarding consumers' right to know and right to compensation. It has established a dual- in the "Yunling Network Security 2025" network protection activities and the "Data Security Shield" emergency drills,
track after-sales system covering remote support and on-site service, continuously enhancing team comprehensively strengthening data security and personal information protection mechanisms. In 2025, the Group
experienced no network paralysis or data leakage incidents. Three systems passed the national Classi?ed Protection
professional capabilities through regular technical training and service awareness improvement. In 2025,
Level 2 certi?cation, and ?ve systems or platforms obtained national computer software copyright registrations.
the Group achieved a 100% recall rate for problematic products.
Data Security Customer Privacy
Protection
Indicators and Targets
The Group effectively safeguards customer privacy rights and interests, strictly maintains information
con?dentiality throughout the entire service process, and prevents customer information leakage. It has built a
multi-layered customer information security protection system with role-based re?ned access control, ensuring
Product quali?cation rate99.07% Quality target achievement rate100% that data is only accessible to necessary positions, de?ning the scope and boundaries of various data collections,
In 2025, and prohibiting the acquisition of unnecessary information through default authorization or bundling. It promotes
the Group data localization storage and transmission mechanisms to physically reduce the risk of leakage. The Group
No incidents of production or operation activities endangering customer health
requires all suppliers to sign binding data con?dentiality agreements, clarifying their privacy protection obligations
and safety and liability for breach of contract, and regulating their data processing behaviors through contract terms. For
connected third-party systems, it conducts special security assessments to ensure they meet corporate privacy
protection standards. In 2025, no customer privacy leakage incidents occurred.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
The Group has formulated the "Supplier Management Measures," adhering to the principles
of "registration review, access approval, evaluation and assessment," and strengthening
Partner Responsibility Over 1,400 Newly
Registered Suppliers
supplier management from multiple dimensions. Based on full lifecycle supply chain
management, it continuously improves the dynamic management system covering the
entire process of supplier access, assessment, grading, and exit. Assessment dimensions
Through the "Transparent have expanded from single quali?cation review to comprehensive evaluations of business
Procurement Platform" reputation, performance capability, product quality, and service level, optimizing the supplier
Sino-Platinum Metals Group adheres to integrity in business operations, implements structure through survival of the fittest and steadily achieving the transformation and
Total number of suppliers upgrade from "traditional decentralized procurement" to "supply chain management." In
transparent procurement, builds a responsible supply chain, and strengthens supplier
ESG management. It expands the scope of cooperation, works with partners for mutual
exceeded 8,000 demonstrating its pioneering and exemplary role in the field of supplier ESG practices.
bene?t and win-win outcomes, and promotes industry development. Through the "Transparent Procurement Platform," over 1,400 new suppliers were registered,
and the total number of suppliers exceeded 8,000. There were 1,129 newly approved
contractors assessed and certi?ed.
suppliers
Building a Sustainable Supply Chain Ensuring Supply Chain Security
Driven by the dual drivers of "business + technology," the Group focuses on solving
Focusing on the procurement supply chain, the Group continuously deepens management reforms. By precisely the problem of single-source procurement, promoting cost reduction and efficiency
optimizing procurement strategies, strengthening digital platform support, and improving management systems and improvement in procurement. At the procurement business level, under the leadership
mechanisms, it comprehensively enhances procurement operational e?ciency and supply chain risk control capabilities. of the Property Rights Department of the Yunnan Provincial SASAC, it actively connects
Through refined management as a foundation, standardized processes to improve quality, and digital empowerment with the provincial property rights exchange centralized procurement platform, gradually
to increase e?ciency, the Group promotes the development of its supply chain system toward greater standardization, achieving data integration between the Group's Transparent Procurement Platform and
e?ciency, and sustainability. the provincial centralized procurement platform, reducing costs through the expansion of
supplier channels, the establishment of long-term cooperative relationships, and healthy
Implementing Transparent Procurement price competition. At the technology development level, addressing the pain points of
single-source procurement within the Group, the Group makes uni?ed plans and requires
The Group has formulated and revised the "Bidding and Procurement Compliance Guide" the technology and R&D teams of each operating entity to accelerate the development
and the "Bidding and Procurement Management Measures," comprehensively regulating the of B and C point suppliers for raw materials, auxiliary materials, and equipment, breaking
entire chain of bidding and procurement activities and establishing a full-cycle closed-loop single-source dependencies, and incorporating development results into the team's annual
management mechanism. It has deeply carried out special compliance training on "Bidding assessment. The Group continuously improves the digital collaboration capability and
and Procurement Management of State-Owned Enterprises in the Context of New Situations," data interoperability level of the procurement platform, strengthens the transparency and
comprehensively enhancing the risk prevention capabilities of all employees in bidding and response e?ciency of all links in the supply chain, systematically identi?es and assesses
procurement, and promoting quality improvement and e?ciency enhancement in bidding and potential risks in each link, formulates targeted response strategies, and deeply integrates
procurement work through standardization and compliance. It conducts risk investigations in ESG management requirements into the entire process of procurement, production, and
the bidding and procurement ?eld, identifying risk points, prevention and control measures, and logistics. It builds a modern supply chain system that is "safe and reliable, agile and e?cient,
responsible entities. and green and low-carbon," signi?cantly enhancing its ability to withstand external risks, and
through technology sharing and capacity output, empowers the coordinated development of
Leveraging two digital platforms—the "Transparent Procurement Platform" and the "JD Catalog the upstream and downstream industrial chain.
Mall"—the Group deeply integrates multiple procurement models, fully achieving standardized The procurement
approval cycle has
Modern Supply Chain System
procurement processes, maximum efficiency, and optimal costs. It has promoted the large-
scale expansion of user licenses for the "Transparent Procurement Platform" and its integration been compressed by
with the ERP system, as well as the expansion of the "JD Catalog Mall," building a one-stop
procurement matrix covering high-frequency essential categories such as office supplies, 15.00% year-on-
hardware tools, equipment consumables, and labor protection products, meeting diverse year
procurement needs. Relying on the deep synergy and data empowerment of the two platforms,
the procurement approval cycle has been compressed by 15.00% year-on-year, and supplier Supplier response
Safe and Agile and Green and
response efficiency has increased by 20.00%. When suppliers register on the "Transparent e?ciency has Reliable E?cient Low-Carbon
Procurement Platform," they are required to sign the "Transparent Procurement Platform increased by
Supplier Registration Service Agreement," which explicitly requires that suppliers must not use
the platform for illegal or criminal activities such as money laundering, theft of trade secrets, 20.00%
or theft of personal information; must not infringe upon others' copyrights, trademark rights, Con?ict Minerals Management
or other intellectual property rights in any form; and must not violate the privacy security of
individuals or the public. For the mineral supply chain in conflict-affected and high-risk areas, the Group strictly
follows the internationally recognized "Responsible Mineral Supply Chain" framework,
Strengthening Supplier Management applying a due diligence management system to identify, prevent, and mitigate various
risks in mineral procurement, including potential armed con?ict, human rights violations,
The Group explores the establishment of a group-level strategic alliance of core suppliers, guides subsidiaries in and corruption. It clearly commits not to participate in mineral trade that fuels conflict,
establishing and improving their supplier systems, and simultaneously advances the development of backup suppliers to violates human rights, or involves corruption, and strictly adheres to international
enhance supply chain resilience. It continuously increases the reverse and expansion of supplier resources, forming a guidelines such as the OECD "Due Diligence Guidance for Responsible Supply Chains of
supplier ecosystem network covering multiple areas such as raw material procurement, equipment supply, engineering Minerals from Con?ict-A?ected and High-Risk Areas" and the UN "Guiding Principles on
construction, and social services, laying a solid resource foundation for the stable operation of the supply chain. Business and Human Rights."
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Deepening Cooperation and International Development
Advancing Overseas Compliance Development
Strengthening Strategic Cooperation
The Group consistently adheres to the development philosophy of open collaboration and value sharing, actively building The Singapore subsidiary takes full account of the local multicultural context. While
an e?cient cooperation network with partners across the upstream and downstream of the industrial chain. It strengthens satisfying the domestic regulatory system, it has revised and improved its internal
industry exchanges and mutual learning, promotes resource connectivity and experience sharing, innovates cooperation control system covering nine core areas—corporate governance, strategic operations,
mechanisms, and expands collaboration models. It continuously deepens government-enterprise coordination, bank- internal supervision, financial control, human resources, administration, and marketing
enterprise interaction, strategic cooperation between enterprises, and the integration of industry, academia, and management—integrating Singapore's unique legal environment and business practices.
research, leveraging the strengths of all parties to work together and build an open, inclusive, and mutually bene?cial It has basically established a system that meets both state-owned asset compliance
industrial ecosystem. requirements and local national conditions and laws. The Group has issued a plan
to deepen compliance development, comprehensively advancing the construction of
its compliance system. It has established a General Counsel (also serving as Chief
Compliance Officer) and designated the lead department for compliance management
Showcasing a Series of Innovative Products and Cutting-Edge Technologies at the 9th China-South Asia Expo 2025 to be responsible for speci?c compliance work. It incorporates the latest developments
in domestic and country(ies)-specific laws, regulations, regulatory requirements, and
In June 2025, as a leading enterprise in the domestic rare and precious metals ?eld, Sino-Platinum Metals Group policies in 2025 compliance risks related to the Group's overseas operations, and has established and
showcased a series of innovative products and cutting-edge technologies at the 9th China-South Asia Expo, improved a three-in-one compliance system based on the original internal control system.
and deeply participated in several forums and activities, demonstrating its responsibility as the "chain master" In 2025, 9 policies were newly established or revised.
of the precious metals industry. The Group's exhibition booth focused on the innovative applications of rare and
precious metals in strategic emerging industries such as national defense, environmental protection, new energy
chemicals, electronic information, and life and health, prominently displaying a variety of precious metals new Building a Global Supply Chain Network
material products including high-purity precious metal materials, precious metal sputtering targets, and precious
metal electronic pastes. At the same time, it actively participated in the "Invest in Yunnan" Investment Promotion
Conference and the "Green Energy + Advanced Manufacturing" special investment matchmaking activities at the The Group advances the construction of international platinum group metal network
advanced manufacturing. etc., to ensure raw material supply. It integrates resources from foreign mines, domestic
and foreign refineries, foreign banks and traders, and the Shanghai Gold Exchange to
enhance resource integration capabilities. It actively disperse a geographically strategic
layout and category diverse supplier system, establishes cooperation with international
mining companies, with counterparties covering Southeast Asia, Europe, the United
States, the Middle East, and other regions, ensuring the security and stability of precious
metal resources. Through tolling processing and cooperation with LBMA refineries, it
deeply enters the Southeast Asian gold market.
Continuously Increasing "Going Global" E?orts
The Group advances the construction of international platinum group metal and Southeast
Overseas sales and Asian gold supply and sales channels, expands gold tolling processing and re-export
export value reached RMB business, as well as the international operations of electron beam welding materials and
electric vacuum welding materials. Brand internationalization is accelerating, with LBMA
silver delivery brand entering the review and certi?cation stage, and LPPM platinum and
on-year increase of 2 palladium product certi?cation progressing in an orderly manner. In 2025, overseas sales
Strengthening International Exchange and Cooperation
The Group continuously explores international cooperation and development opportunities,
participating in industry events such as the South African Mining Indaba, the South African
Platinum Group Metals Industry Conference, the LPPM London Platinum Week, the
SBMA Indonesia Visit Group, the SBMA Asia-Paci?c Precious Metals Annual Conference,
and the LBMA Precious Metals Conference. It conducts research on overseas precious
Image Source:Palm Spring City
metal mineral resource development projects and seeks cooperation opportunities.
CASE
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Improving the Quality and E?ectiveness of Assistance
Giving Back to Society Industrial Revitalization
While focusing on its own development, Sino-Platinum Metals Group has always actively Conducted 11 training Centered around Shangjiang Township's "one core, two poles, three belts" industrial layout,
sessions for grassroots the Group invested RMB 450,000 to implement a preliminary processing project for Chinese
ful?lled its social responsibilities, supported rural revitalization, organized public welfare medicinal herbs, constructing a new factory and purchasing drying equipment, operating
activities, and carried out volunteer services, demonstrating its corporate responsibility cadres and the public, under a "government + cooperative + farmer" model, e?ectively increasing the added value
through concrete actions and striving to achieve a harmonious integration of economic of local medicinal herbs. It continues to support the development of characteristic industries
bene?ts and social value.
covering 690 participants such as beef cattle breeding, promoting industrial quality and e?ciency improvement. It has
cultivated 9 wealth-driving leaders, conducted 11 training sessions for grassroots cadres
and the public covering 690 participants, and implemented 13 income-increasing practical
activities bene?ting 921 participants. It invested RMB 50,000 to conduct 2 e-commerce skills
training sessions covering 60 participants.
Supporting Rural Revitalization
The Group carefully studied and implemented the spirit of General Secretary Xi Jinping’s important discourse on the work Ecological Revitalization
of “agriculture, rural areas and farmers” and the important speech of Yunnan. Centered around the work of "maintaining 2025
bottom line, promoting development, and advancing revitalization," the Group resolutely ful?lls its political and social
Invested RMB The Group studied and applied the experience of the "Thousand Villages Demonstration
responsibilities as a state-owned enterprise, solidly advancing the implementation of various work in its assistance target,
Project" to improve the living environment. It installed 220 solar streetlights in the central
Shangjiang Township, Shangri-La City, Diqing Prefecture. 880,000 in area of Mugao Village and the Haibian Group of Gelan Village, achieving full lighting
infrastructure, coverage of main roads and public areas. It deepened the operation of the "Civilization
bene?ting over Points Supermarket," carrying out activities such as environmental hygiene improvement
and volunteer service evaluations, stimulating the endogenous motivation of the masses
for rural governance through evaluation commendations and point exchanges. It assisted
in carrying out activities and services such as major environmental hygiene inspections and
improvement actions, earthquake-resistant housing project acceptance, and river cleaning,
helping to build a beautiful and harmonious countryside. In 2025, it invested RMB 880,000 in
infrastructure, bene?ting over 3,400 people.
Organizational Revitalization
Invest in party building
of Shangjiang Township and the organization of Party member activities, cooperated with
the village "two committees" elections, and enhanced the organizational and combat
assistance funds e?ectiveness of grassroots Party organizations. It guided the SPM Chemicals Party Branch
In January 2025, the Group's resident village work team carried out a Spring Festival visit and care activity for 33 households in need in on the theme of "Inheriting the Red Gene · Cultivating Excellent Work Style," promoting the
Shangjiang Township, inquiring about the health and living conditions of villagers in di?culty and presenting care package such as rice and deep integration of Party building and assistance work. In 2025, it invested RMB 150,000 in
cooking oil. Party building assistance funds.
Strengthening Organizational Leadership Talent and Cultural Revitalization
Solidifying Coordinated Deployment: Established a Rural Revitalization Leadership Working Group; formulated the
Group's 2025 Rural Revitalization Work Plan and project fund arrangements, clarifying key work tasks; organized 2 Group The Group implemented the "Technology into Campus" project, purchasing 20 teaching
Rural Revitalization Leadership Working Group meetings and held 3 work coordination meetings with the Shangjiang 2025 drones for Shangjiang Primary School and assisting in the set up of related courses, ?lling
Township Party Committee and Government to conduct coordinated research on annual assistance priorities. Invested RMB the gap in science and technology education. It continues to build the "SPM Book Corner,"
adding 270 new books. It continued to hold the "SPM Ling Tong Yan" summer interest class,
In-Depth Research and Investigation: Key Group leaders conducted 2 ?eld research visits focusing on the "three bottom 30,000 in with activities promoted on the Learning Powerhouse Yunnan platform and the Xinhuanet
lines" and promoting farmer income increase; responsible leaders made 3 visits to the assistance target to research, client, fully demonstrating the Group's corporate social responsibility and effectively
education assistance
supervise, and promote task implementation; Group leaders participated in the ?xed-point assistance work symposium funds enhancing its brand image and social in?uence. It established the "Chongxue Lizhi Fund"
(joint meeting) of the Provincial United Front Work Department and Diqing Prefecture, reporting and exchanging to reward outstanding students. It continues to promote the inheritance of the intangible
information on assistance work. cultural heritage "Leiba Dance," carrying out the "Leiba Dance into Campus" activity. It
assists in carrying out culture go to the countryside, enriching the spiritual and cultural life
Building a Strong Resident Village Team: Selected 7 resident village work team members during the year, including 3 of the masses and promoting the construction of civilized rural customs. In 2025, it invested
serving as First Secretary (Team Leader), ensuring smooth work transition through mentoring; implemented treatment RMB 30,000 in education assistance funds; it assisted 81 students in applying for the "Rain
guarantees, purchasing personal accident insurance for all team members, arranging for 2 outstanding members to Plan," securing subsidies of RMB 193,500.
participate in provincial-level recuperation and rest programs , and organizing 8 various training sessions covering 47
participants.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Holding the 2025 Rural Summer Training Program
Engaging in Public Welfare and Charity
Actively responding to social needs, the Group continuously engages in public welfare areas such as helping those in need
From July to August 2025, Sino-Platinum Metals Group launched the fourth session of the "SPM Ling Tong Yan" and providing educational support. Leveraging volunteer service brands such as "SPM · Platinum Love Together" and "Silver
Summer Training Program in three villages: Shiwang, Mugao, and Liangmei. Since its launch in 2022, the "SPM Generation Golden Glow," it has formed volunteer service teams. Adhering to the path of sharing development result and
Ling Tong Yan" Summer Training Program has entered its fourth year, bene?ting over 300 rural children in total. promoting resource connectivity, the Group promotes deep integration between the enterprise and the community, building
a virtuous ecosystem of coordinated development and mutual promotion. Through concrete actions, it contributes to social
harmony and continuous progress. In 2025, it conducted 2 "Morning Glow Honors Evening Sunset" volunteer activities and
over 60 volunteer services including ceremonial teams and guides.
Conducting the "Morning Glow Honors Evening Sunset" Volunteer Service Activity
Shiwang village "Optical Microscope Learning and Use" Mugao village The program featured the theme "Building
class Dreams in Resident Villages, A Colorful Summer," integrating
intangible cultural heritage transmission with modern
education
CASE
Consumption Assistance
Through methods such as "purchasing instead of donating" and "buying to assist," the Group
promotes the sustainable development of characteristic industries in areas lifted out of poverty
and stimulates endogenous motivation.
Directly purchased agricultural Purchased specialty agricultural products
and sideline products from through the Diqing Prefecture Supply and
assistance areas, totaling Marketing Cooperative, the "832" Platform, On March 28, 2025, Sino-
RMB 606,300 etc., totaling RMB 510,300 Platinum Metals Group organized
representatives of young League
members to visit and extend care
Health Assistance
to retired experts and employees.
From the three dimensions of
The Group implements the "Four Nos" requirements, assisting in dynamic monitoring and companionship, elderly assistance,
assistance for poverty relapse prevention. It assists in the implementation of medical security, and heritage transmission, they
achieving a 100% medical insurance participation rate for households lifted out of poverty and
practiced the spirit of Lei Feng in the
monitored targets in assistance villages. In collaboration with Taikang Pension Insurance, it has
provided accidental disability and death liability insurance for all households lifted out of poverty new era, building a spiritual heritage
and monitored targets in three villages for four consecutive years, covering over 5,000 people. It bond of "old-young pairing and
uses resident village work funds to provide temporary assistance to people in di?culty with high intergenerational integration."
out-of-pocket medical expenses.
The Group visited Conducted extended care Distributed condolence
CASE
that have been lifted visits to general 231farming approximately RMB
out of poverty and farming households 40,000
monitored targets households
Governance
In 2025,the Group
Co-governance
for a Sustainable Future
Proportion of R&D investment: Formulated or revised 13 national
independent RMB or industry standards (including 10
directors:
national standards and 3 industry
standards)
Proportion R&D intensity manufacturing single champion
enterprise
of female
directors 37.5%
and sophisticated "Little Giant"
enterprises
and sophisticated "Little Giant"
enterprises
single champion
sophisticated SM
Sino-Platinum Metals Group adheres to leading high-
quality development through high-quality governance. It
continuously improves its governance structure, clarifies
the rights and responsibilities of each entity, and ensures
that decision-making is scientific, compliant, open, and
transparent. It carries out the integrated construction of Responses to Sustainable
"risk, internal control, and compliance" to ensure the stable Development Goals (SDGs)
operation of the enterprise. It deeply advances the reform
of state-owned enterprises, focuses on strengthening and
supplementing the industrial chain in its core businesses,
and stimulates the enterprise's endogenous motivation
and development vitality. It deepens innovation-driven
development, strengthens innovation platforms, focuses
on core technology breakthroughs, and promotes
the deep integration of technological and industrial
innovation, injecting momentum into high-quality industrial
development.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Strengthening Risk Management
Corporate Governance The Group has improved its risk system and established the "three lines of defense" for risk management. It has re?ned its
risk database with over 700 items covering strategic risk, market risk, ?nancial risk, operational risk, and legal compliance
risk. The Group has formulated the "Risk Control and Compliance Manual," embedding risk and compliance requirements
into internal control processes, and has built a scienti?c and e?cient risk prevention and control system encompassing "pre-
Sino-Platinum Metals Group focuses on building a solid foundation for stable operations, event prevention, in-event control, and post-event disposal."
standardizing its corporate governance structure, strengthening full-process risk
management, optimizing information disclosure and investor relations management,
deepening the reform of state-owned enterprises, and consolidating the Group's foundation Information Disclosure and Investor Relations
for sustainable development through sound governance.
Standardizing Information Disclosure
The Group has established a specialized institution sta?ed with full-time personnel to ful?ll information disclosure obligations
in accordance with the law. Adhering to the principles of fairness, openness, and clarity, it discloses the Company's periodic
Standardizing Corporate Governance reports and interim announcements in a truthful, accurate, timely, and complete manner. The Group uses China Securities
Journal, Shanghai Securities News, and the Shanghai Stock Exchange website as its designated newspapers and website
In strict accordance with relevant laws, regulations, and regulatory requirements, the Group has improved its decision- for information disclosure, ensuring that all shareholders have equal access to information. In 2025, the Group made over
making system and introduced the systems of external directors and independent directors. It deeply explores a 115 information disclosures, with no omissions, errors, or corrected disclosures, achieving zero errors, zero inquiries, and
collaborative governance path that meets both state-owned asset supervision and listed company regulatory requirements, zero regulatory actions. It has received a "Good" rating in the exchange's annual information disclosure assessment for
strictly implements democratic centralism, and revises the "Implementation Measures for the 'Three Major and One Major' many consecutive years.
Decision-Making System" as well as the rules of procedure for the Party Committee, the Board of Directors, and the General
Manager's O?ce, ensuring scienti?c, democratic, and lawful decision-making. The Group has separated the positions of
Chairman and General Manager to separate decision-making and supervision. It has advanced the abolition of supervisory
boards at the Group and its subsidiaries and undertaken the undertake of supervisory board functions. The rights and Safeguarding Investor Rights and Interests
responsibilities among the Company's power body, decision-making body, supervisory body, and management team are
clearly de?ned. The Company's corporate governance structure complies with the requirements of the modern enterprise Investor Relations Management
system and the "Corporate Governance Code for Listed Companies." In 2025, 42 Party Committee meetings were held,
with 135 items reviewed in advance; 72 General Manager's O?ce meetings (including communications by vote) were held, The Group fully respects and safeguards the legitimate rights and interests of stakeholders including shareholders,
with 369 items deliberated and approved. Three subsidiaries abolished their internal supervisory boards, and 24 subsidiaries suppliers, customers, creditors, and employees. It strengthens communication and cooperation with relevant parties to jointly
abolished their internal supervisors. promote the healthy, sustained, stable, and high-quality development of the Company. The Group optimizes its investor
relations methods and continuously improves the e?ectiveness of its corporate value communication. In 2025, it organized
nearly 20 various types of performance brie?ngs and on-site investment exchange meetings.
The Group standardizes and implements the convening, holding, and deliberation procedures of the
Shareholders Shareholders' Meeting, ensuring that all shareholders, especially small and medium-sized shareholders,
and
Shareholders' enjoy equal status and exercise their legitimate rights, and guaranteeing equal information access for all
shareholders. In 2025, 4 Shareholders' Meetings were held, at which 26 proposals were deliberated and Organized special performance brie?ngs for periodic reports
Meeting
approved. Participated in major events such as the Cloud Association Collective Investor Reception Day and
Investor
Exchange's "Walk into Listed Companies" activities
Communication
Directors are elected in strict accordance with the selection and appointment procedures stipulated by Built a multi-dimensional online + o?ine investor interaction platform through Shareholders' Meetings,
relevant regulations. Independent directors perform their duties in accordance with the "Independent investor hotlines, the Shanghai Stock Exchange e-Interaction Platform, and WeChat public platform
Director Management Measures," providing strong support for the feasibility and efficiency of Board
decisions. The Board of Directors has four special committees: the Strategy and Investment Development
Committee, the Remuneration and Assessment Committee, the Audit Committee, and the Nomination Investor Return
Committee. Each committee performs its own functions and operates effectively, playing an important
role in providing advice and recommendations for major Board decisions, forming a support system for The Group has formulated the "Dividend Management System" and the "Shareholder Return Plan for the Next Three Years
Directors and scientific Board decision-making. The Group has studied and formulated work plans for improving the
the Board of (2024-2026)," establishing a scienti?c, sustained, and stable dividend mechanism to protect the legitimate rights and interests
board construction of the Group and its subsidiaries, re?ning board construction work into all aspects of
Directors standardized governance, enhancing the overall efficiency and level of board construction. The Group of investors, especially small and medium-sized investors. It continuously standardizes the pro?t distribution decision-making
strives to promote diversity on the Board of Directors in terms of gender, professional skills, professional process: the Board of Directors formulates the pro?t distribution plan and submits it to the Shareholders' Meeting for deliberation
background, and industry experience to promote diversi?ed development. In 2025, the Board of Directors and decision. During the deliberation process, importance is attached to communication and exchange with small and medium-
consisted of 8 directors, including 3 independent directors and 1 employee representative director. Nine sized shareholders. Separate vote counting is implemented for proposals related to the interests of small and medium-sized
Board meetings were held, at which 64 proposals were deliberated and approved. Twenty-one special investors, e?ectively safeguarding the rights of public shareholders to participate in Shareholders' Meetings. As of the end of
committee meetings were held, with 63 proposals reviewed in advance. When decisions involved related 2025, the Group has maintained cash dividends exceeding 30% of distributable pro?ts for more than ten consecutive years.
party transactions, all related directors recused themselves from voting, and the procedures were legal and
compliant. Strengthening Insider Information Management
The Group appoints its new-term operations and management team in strict accordance with relevant The Group strengthens the confidentiality awareness of management personnel at all levels, especially directors,
regulations, strictly implements the resolutions of the Shareholders' Meeting and the Board of Directors, supervisors, and senior executives. During the preparation of periodic and quarterly reports, as well as the planning
and has no acts of exceeding authority. Matters beyond the authority of the management team are and implementation of major matters, it strictly follows relevant regulations to register, manage, and report insiders who
Management submitted to the Board of Directors and the Shareholders' Meeting for deliberation. There is no tendency have access to inside information. While ensuring the truthfulness, accuracy, and completeness of insider information, it
toward "insider control," and there are no circumstances of failure to faithfully perform duties or breach of further strengthens the security and con?dentiality management of inside information during its occurrence, reporting, and
good faith obligations. transmission. The Group resolutely prevents insiders and those who illegally obtain inside information from using such
information for securities trading activities, and strictly prohibits any form of insider trading.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Strengthening Market Value Management
The Group strengthens market value management and enhancement efforts, introduces
professional market value management teams, and systematically advances the preparation
of market value management plans, the establishment of corporate market value
Compliance Management
management systems and mechanisms, and the deployment of market value management
work teams. It gradually refines and implements specific measures for market value Sino-Platinum Metals Group has always adhered to the bottom line of compliant operations,
management. deeply advanced the construction of its compliance system and the implementation of legal
publicity, deepened internal control and internal audit management and supervision, strictly
Deepening the Reform of State- adhered to business ethics and fair competition standards, solidly advanced anti-commercial
bribery and anti-unfair competition work, and comprehensively built a solid foundation for
Owned Enterprises lawful, compliant, honest, and stable operations.
The completion rate of The Group deeply advances the reform of state-owned enterprises, solidly implementing
the 96 key tasks was special SOE reform initiatives such as the Group's three-year reform and development
action and the "Double Hundred Action." The completion rate for 96 key tasks is 100%,
Assets Supervision and Administration Commission (SASAC) of the State Council and Compliance Management
practices were selected the Provincial Government. The Group spares no efforts in building world-class leading
for the case collections enterprises, completing the national cultivation database application, defense, and on-site
research for the National Development and Reform Commission's world-class enterprise
of the State-owned
construction initiative. It has prepared for the SASAC's assessment of world-class Improving the System
Assets Supervision specialized leading cultivation enterprises and recommended 4 subsidiaries for provincial
and Administration cultivation database entry for internationally and domestically ?rst-class enterprises. The Group issued the "Work Plan for Deepening the Construction of the Compliance System," extending the requirements
Commission (SASAC) for compliance management system construction to all secondary enterprises. It promoted 3 subsidiaries to pilot the
establishment of legal and compliance management institutions, 15 secondary enterprises to establish General Counsel
of the State Council
and the Provincial Increasing Capital Operations (also serving as Chief Compliance O?cer), and facilitated the basic establishment of compliance management systems and
operating mechanisms in 12 secondary enterprises. The Group implemented the "1+3" working model, deeply advanced
Government. The Group coordinates the implementation of its mixed-ownership reform rectification the integrated construction of "risk, internal control, and compliance," and promoted the establishment of collaborative
and the special governance of "holding without controlling power," completing ongoing operation mechanisms between compliance management, internal control, and risk management, achieving the organic
penetration inspections and on-site cross-inspections by provincial state-owned enterprises. integration of organizational functions, working mechanisms, management systems, evaluation systems, and supervision
It promotes the introduction of investment and strategic partners for SPM Electronics' mechanisms. The Group continuously improved its management system, consolidating the foundation of compliance
mixed-ownership reform and the equity acquisition of SPM Industrial Catalyst, using equity management. Throughout the year, it formulated or revised 57 systems and optimized 77 approval processes, balancing
cooperation as a link to advance proposed acquisitions in industrial catalysts, chemicals, compliance with management e?ciency. It conducted front-loaded compliance reviews and regularly advanced legal reviews
and other ?elds. It advances capital market ?nancing, with its fundraising plan accepted by of important systems, economic contracts, and major decisions. During the year, it reviewed over 1,200 contracts, issued 27
the Shanghai Stock Exchange. It increases support and resource investment for start-up legal opinions, conducted legal compliance reviews of 42 systems, and reviewed 60 bidding and procurement documents.
company projects, and SPM Bio has achieved market-oriented operational capabilities.
Through practices such as legal dispute resolution and trademark protection and management, the Group strengthened
compliance safeguards, prompting one infringing entity to complete its company name change. During the year, it obtained
Deepening the "Three Systems" Reform 10 trademark registration certi?cates, and 4 trademark applications were o?cially accepted by the China National Intellectual
Property Administration.
The Group fully implements competitive selection for positions, adopts a separation
management of rank and position, achieving flexible selection and appointment with
the ability to move up or down. It carries out a special rectification of "compensation Solidifying Publicity and Implementation
irregularities," formulating special recti?cation plans, organizing strati?ed and categorized
learning, conducting on-site supervision and inspections, and guiding subsidiaries to The Group strengthened legal publicity for the "key minority," incorporating legal studies into the key content of the Party
complete self-inspections and self-corrections. It has achieved the release of the lock-up
period for the third-phase of the listed company's restricted stock incentive plan, marking Committee Theoretical Study Center Group, continuously improving the leadership team's ability to make decisions in
the successful achievement of the performance targets of the equity incentive plan that the accordance with the law. It continuously implemented the "explaining the law through cases" system, using the corporate
Group launched in 2021. In line with the overall requirements of "steady growth of one pro?t WeChat public account to push 4 typical litigation cases. Using a combination of online and offline methods, and in
indicator and continuous optimization of five ratios," the Group optimizes its operational coordination with important occasions such as "April 15 National Security Education Day," "Constitution Publicity Week,"
performance assessment system. It implements a "one-enterprise, one-policy" assessment
for subsidiaries, break down production and operation units by development cycle, and and "Civil Code Publicity Month," the Group organized 2 special lectures. It ensured the promotion and implementation of
di?erentiates the setting of assessment indicators and weights. It re?nes the details of bonus relevant laws, regulations, and policies by posting themed legal publicity posters and slogans, and mobilized all employees
points and deduction for operational performance assessment, incorporating stable growth, to participate in various online quizzes, promoting the deep embedding of a legal culture in the hearts and minds of
expansion into new products and new areas, industrial coordination, and policy advocacy employees.
into bonus items, guiding subsidiaries to focus on their core responsibilities and main
businesses, and to strengthen and excel in their advantageous areas.
Advancing Lean Management Internal Control Management
In accordance with the "Basic Standards for Enterprise Internal Control" and related implementation guidelines, and
The Group deeply explores the potential for cost reduction and e?ciency enhancement,
establishing a treasury system and a multi-currency cross-border capital pool, and focusing on elements such as internal environment, risk assessment, control activities, information and communication,
optimizing the full lifecycle management and turnover efficiency of precious metals. It and internal supervision, the Group conducted a comprehensive evaluation of the rationality of internal control design and
advances cost reduction and efficiency enhancement through accounts receivable risk the e?ectiveness of operation for 21 legal entities of the Group and its subsidiaries for 2025. It identi?ed internal control
management, the "three reductions and two guarantees," and lean production. The Group de?ciencies and analyzed their causes, provided timely communication and feedback to the evaluated units, formed internal
has issued lean management improvement implementation and evaluation plans as well
as an evaluation indicator system, completed annual self-assessments, and promoted the control evaluation reports, proposed recti?cation suggestions, and urged the implementation of recti?cations, promoting the
improvement of management e?ciency, e?ectiveness, and value creation capabilities. continuous optimization and e?ective implementation of the Company's internal control system.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Internal Audit Management
The Group improved its internal supervision work system and deepened the coordinated collaboration mechanism of
Innovation-Driven Development
"discipline inspection, inspection, and audit." It advanced the economic responsibility audits of the principal responsible
persons of 4 subsidiaries, promoting the implementation of problem rectifications. It completed post-evaluations of 7 Sino-Platinum Metals Group takes technological innovation as its core driving force,
investment projects, providing a basis for improving the scienti?c nature of investment decisions and optimizing project continuously improving platform construction, deepening the integration of industry,
management. It conducted special inspections of the Singapore subsidiary, special audits of Party fee management, and academia, and research, strengthening project management, optimizing intellectual
internal veri?cation of research projects, carrying out compliance inspections of major matters and fund transactions to property arrangement, and expanding external cooperation. It has built a full-chain
prevent operational risks. It established categorized responsibility investigation work ledgers, veri?ed leads on violation innovation ecosystem connecting basic research, technology development, and industrial
issues and loss matters, and fully performed the functions of internal audit supervision, evaluation, control, and service. application, injecting strong momentum into sustainable development.
Adhering to Business Ethics and Fair Competition
Governance
Adhering to Business Ethics
The Group has consistently implemented the "Yunnan Provincial Anti-Commercial Bribery Supervision Measures for Improving the Innovation System
State-Owned Enterprises," strictly implemented the "Rules of the Discipline Inspection and Supervision Organs for
Handling Reports and Complaints" and the "Regulations on Letters and Visits Work," and systematically revised the Following systems such as the "Science and Technology Plan Project Management Measures" and the "Science and
Group's "Measures for Letters, Visits, and Reporting Work" in light of practical development needs, safeguarding the Technology Plan Project Fund Management Measures," the Group strengthens the application of the "six mechanisms"
supervisory rights of informants and complainants and protecting the legitimate rights and interests of Party members and for scienti?c and technological innovation, and researches and constructs a new mechanism for the deep integration of
o?cials. It specially invited lawyers from law ?rms to give special lectures on the theme of risk prevention of duty-related technological innovation and industrial development. It has built a complete transformation of scienti?c and technological
crimes in state-owned enterprises. Through in-depth analysis of typical cases and detailed interpretation of relevant laws system covering "basic theoretical research – applied development – industrial generic key technology development –
and regulations, the Group further solidi?ed o?cials' bottom-line legal thinking, guiding them to establish correct views of industrial incubation – market launch." It has also formulated management standards for intelligent manufacturing and
power and interests, and enhancing their awareness of integrity and self-discipline and their ability to prevent risks. related automation equipment.
Anti-Unfair Competition Cultivating Innovation Teams
The Group implements systems such as the "Measures for the Prevention and Control of Integrity Risks in Marketing" and The Group pilots a co-investment mechanism for innovation projects, focusing on high-growth, high-risk new material
the "Measures for the Management of the 'Blacklist' of Dishonest Conduct," establishing codes of conduct for marketing R&D projects, creating a new innovation and entrepreneurship ecosystem of "risk sharing, bene?t sharing, and shared
personnel and strengthening the integrity management of business processes. It signs "Compliance and Integrity Self- endeavor," promoting the deep integration of talent, technology, and capital. It has established specialized and industrial
Discipline Commitment Letters" with business partners, clearly stipulating that neither party shall demand or accept research laboratories in segmented ?elds areas, formed professional R&D teams, innovated the "four categories, three
rebates, gifts, marketable securities, or other improper bene?ts in any form, nor engage in any other acts that violate levels" assessment and evaluation mechanism, implemented the secondment of research laboratories to corresponding
integrity requirements. The Group has established a blacklist inquiry system, carrying out anti-fraud, anti-commercial units, and integrated the advancement of the Group's scientific research innovation and achievements incubation
bribery, anti-monopoly, and anti-unfair competition work, building a new type of clean and cordial business partnership, and transformation. In 2025, using a "one-case-by-one-case" mechanism, the Group supported SPM Technology and
and creating a fair competitive trading environment. It continuously advances trademark infringement cases, resolutely SPM Semiconductor to recruit two mature technical teams on a full-time basis. As of the end of 2025, four project co-
cracking down on acts that mislead the market by riding on the reputation of others' famous brands or improperly using investment pilots have been completed, with more than 50 core talents participating and over RMB 7 million in paid-in co-
"SPM" as a corporate name. In 2025, the Group experienced no incidents of unfair competition. investment funds.
Science and Technology Ethics
The Group integrates science and technology ethics requirements into the entire process of various scientific and
technological activities such as scientific research and technology development. In the process of innovation and
R&D, it strictly adheres to science and technology ethics norms, respects the spirit of science, values humanistic care,
avoids technology abuse, carefully evaluates the application of achievements, strives to be bene?cial to society and the
environment, and promotes technological innovation with a responsible attitude. In 2025, the Group had no violations of
science and technology ethics.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Strategy
The Group strengthens the top-level design of its scienti?c research strategy, closely aligns with the Group's "15th Five-
Year Plan" industrial arrangement, systematically summarizes the achievements of scienti?c and technological innovation
during the "14th Five-Year Plan" period, and compiles the "Group's '15th Five-Year Plan' Special Plan for Science and
Technology."
R&D and Innovation Risk Matrix R&D and Innovation Opportunity Matrix
Risk Risk Impact Value Chain Potential Impact / Response Opportunity Opportunity Impact Value Chain Potential Impact / Capture
Category Description Timeframe Segment Financial Impact Strategy Category Description Timeframe Segment Financial Impact Strategy
R&D Risk High failure rate for Short to Operations Loss of R&D ·Establish a multi- Technological Achieve breakthroughs in Medium to Operations, Occupy the ·Increase R&D investment
cutting-edge material medium investment; dimensional review Breakthrough key material technologies long term Downstream domestic high-end in core technologies,
R&D; huge investments term tight cash ?ow; mechanism for R&D & Import such as sputtering targets market; increase continuously tackling
di?cult to recover; cash signi?cant pro?t projects, with phased Substitution for semiconductors and product added technological weakness in key
?ow under pressure; ?uctuations investment and set stop- fuel cell catalysts for new value; enhance areas
uncertainty in R&D loss points energy vehicles, realizing voice in the
import substitution and industrial chain ·Conduct targeted R&D in
return on investment collaboration with leading
·Introduce diversi?ed capture the domestic
funding channels, high-end market downstream customers to
collaborate with research rapidly achieve technology
institutions to share R&D implementation
costs ·Apply for special policy
·Establish a risk subsidies and tax incentives
reserve system for the to reduce R&D costs
transformation of R&D
results
Industry- Jointly establish a Long term Operations Improve the ·Improve the transformation
Industrialization Laboratory technology Medium Operations Loss of control ·Establish a pilot incubation Academia- national key laboratory transformation rate rate of technological
is di?cult to scale up to Long over technology platform, conduct small- Research with Tianjin University, of technological achievements, develop core
Transfomation carry out integrated achievements; technologies in key areas, and
for mass production, Term transformation batch veri?cation, and Collaborative
Risk Innovation industry-academia- shorten R&D cycles; share transformation bene?ts
and the cost of costs, missed then gradually increase
industrialization policy dividends production capacity research-application share innovation and intellectual property
transformation far and market cooperation with bene?ts and
·Collaborate with universities, enterprises, technology barriers ·Deepen industry-academia-
exceeds expectations. opportunities, and research cooperation
The cycle of technology insu?cient capacity downstream customers and research institutes
to conduct process within the industry, mechanisms, establishing
transformation and utilization innovation consortia with
industrialization is long, adaptation, reducing the achieving collaborative
cost of trial and error during innovation across the shared bene?ts and risks
leading to missed policy
dividends and missed mass production industrial chain ·Promote rapid transformation
golden opportunities to · Conduct advance policy of laboratory technologies to
seize the market. and market research to industrialization, prioritizing
shorten the transformation implementation within the
cycle Group's production lines
Resource Global precious Long Operations Sharp ?uctuations in ·Conduct precious metals
& Market metal resources are term raw material costs; hedging to lock in raw Policy & Green Policy dividends from Long term Operations Enjoy policy ·Actively align with the
scarce and highly narrowing pro?t material costs Transformation domestic substitution subsidies and tax national supply chain security
Substitution
concentrated in supply; margins; declining Dividend under the national incentives; expand strategy to secure special
sharp price ?uctuations market share of ·Increase R&D of recycling supply chain security green and low- policy support
can directly erode traditional products technologies to improve strategy, as well as carbon markets;
pro?ts; substitution resource self-su?ciency green transformation build a sustainable ·Increase the promotion of
technologies such opportunities brought development model recycling and low-precious-
·Develop low-precious- metal technologies, building a
as ceramic matrix metal technologies by recycling and
composites are low-precious-metal green production system
to reduce resource
continuously upgrading, dependence technologies, helping ·Apply for green
compressing the the enterprise build core manufacturing demonstration
market share of technology barriers and projects to enhance brand
traditional precious expand into high-value- in?uence and market
metal materials added markets recognition
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Impact, Risk and Opportunity Management Deepen industry-academia-research collaboration
Focusing on strategic areas such as the National New Materials 2030 Major Project, new hydrogen energy storage,
and biomedicine, the Group successfully achieved breakthroughs in 4 core industrial technologies and transferred 13
Risk Management Process preparation technologies for platinum group metal chemicals, among other accomplishments. It continuously promotes
the deep integration of R&D and industry, establishing a "specialized research laboratory + industrial company"
Focusing on core business scenarios such as core business operations, tackling core technologies, and industry- secondment mechanism. Eight research laboratory groups have achieved seamless integration of research and industry
academia-research collaboration, the Group has established and improved systematic and scientific processes and with their corresponding companies, creating a full-chain innovation ecosystem from basic research to industrialization.
The Metallurgy Research Laboratory, in collaboration with SPM Resources, completed a technological upgrade,
methods for managing innovation risks and opportunities. It actively identifies risks and opportunities brought by successfully reducing the annual consumption of gold from approximately 150 kg to about 6 kg, while reducing impurities
technological innovation to the Company, ensuring that the Company's strategy and operations can adjust and respond such as silver, titanium, and carbon to below 1 ppm, comprehensively solving the cleanliness issue of high-purity gold.
in a timely manner. A closed-loop management process of risk identi?cation – risk assessment – risk response has been The Chemistry and Pharmaceutical Research Laboratory successfully transferred 13 preparation technologies for
established to systematically manage innovation-related risks. platinum group metal chemicals to the industrial side, supporting SPM Chemicals' expansion into new products. The
Medical Materials Research Laboratory developed new feedthrough products that generated an additional RMB 2 million
in output value at SPM Bio. The Hydrogen Energy and Environmental Governance Research Laboratory achieved
technological breakthroughs in multiple catalyst areas and completed long-term validation, laying the foundation for large-
Formulate standardized innovation risk identification, assessment, and scale product production and market promotion. The Electronic Ceramics Research Laboratory, in response to the needs
Risk management processes tailored to the Group's business, focusing on breaking of SPM Electronics, prepared and optimized gold powder using chemical reduction methods, successfully developing
Identi?cation down the Company's main business activities and processes, and regularly gold powder products that meet market requirements and achieving batch application. The Group organized industrial
conducting risk identi?cation for R&D project management, R&D achievements companies and seconded research laboratories to jointly apply for projects and share scienti?c research results. The
and intellectual property management, and research fund management. project "Key Technologies and Engineering Demonstration for E?cient Recovery of Platinum Group Metals from Spent
Homogeneous Catalysts," jointly applied for by SPM Resources and the Metallurgy Research Laboratory, received
support from the National Key R&D Program of China. The "Yunnan Provincial Rare and Precious Metals Conductive
For identi?ed risks, conduct assessments from dimensions such as probability Ring Materials Innovation Team," formed by SPM Technology and the Chemical Vapor Deposition Research Laboratory,
Risk was o?cially recognized. The project "Key Technologies and Applications for the Development of New Composite Wires
of occurrence, magnitude of impact, time range of impact, and impact on the
Assessment for Medical Implants," jointly applied for by the Medical Materials Research Laboratory and SPM Bio, received support
value chain and ?nancial performance. from a Yunnan Provincial Major Science and Technology Special Project.
Jointly Promoting Industry Development
Risk Based on the identification and assessment results, formulate specific and
The Group strengthens external exchanges and cooperation, actively hosting and participating in high-level academic and
Response e?ective risk response measures for work at each stage. industrial forums to support industry development. It successfully held its third Science and Technology Conference, which
featured the largest gathering of academicians and experts in three years. At the conference, the Group announced 7 major
projects for 2025, presented science and technology awards, and recognized innovative talents and teams, contributing
scienti?c and technological strength to writing a new chapter for the precious metals industry under the Chinese path to
While actively responding to innovation-related risks, the Group simultaneously focuses on identifying and capturing modernization. The Group participated in the 2025 Tengchong Scientists Forum – Special Event on Innovation-Driven
potential opportunities in the innovation ?eld. It strengthens research on innovation trends, accurately assesses their Development of New Materials and Industrial Finance and the 2025 Precious Metals Forum, where the 2025 "Precious
impact on business operations and the market environment, identi?es opportunities from multiple dimensions such as Metals Blue Book" was released, providing the latest and most comprehensive information for the precious metals industry
resource utilization and market development, and correspondingly introduces corresponding implementation measures. and promoting its high-quality development. The Group also participated in the 2025 Tengchong Scientists Forum · Rare and
Precious Metals Industry Innovation and Development Forum, inviting nearly 180 participants including government leaders,
academicians and experts, representatives from universities, research institutes, and enterprises. It organized the selection
Improving Innovation Platforms and successful signing of two batches of 6 representative key cooperation projects and announced 3 "open competition"
projects, building a high-end platform for deep linkage between industry, academia, research, and application.
The Group continuously advances the construction of innovation platforms. The National Intellectual Property Operation
Center was accredited, making Sino-Platinum Metals Group the only enterprise in the province to obtain approval for a
national-level industrial intellectual property operation center. One new national platform was added, bringing the Group's
total number of national-level platforms to 10. One new academician workstation and three new expert workstations were
added.
The first meeting of the Academic Committee and the first meeting of the Board of Directors were
Spare No E?ort in Advancing successfully held; Held the inauguration ceremony of the Greater Bay Area Research Department
the Construction of the and the appointment ceremony of the department director, taking a key step in building a regional
National Key Laboratory innovation network; Received RMB 14 million in project support from the Provincial Department of
Science and Technology; Successfully joined the Suzhou National Laboratory Materials Alliance.
Steady Progress in The "Yunnan Provincial Precious Metals Pharmaceutical Technology Innovation Center" was approved
Provincial-Level Platform for construction, laying the foundation for the Group's expansion into the biomedical field. The
Construction Provincial Key Laboratory has been rated "Excellent" for ?ve consecutive evaluation cycles since its
accreditation in 2010.
Accelerating the The Group completed the laboratory performance evaluation and successfully obtained RMB 100
Construction of Yunnan million in ?nancial support. The Tokyo Branch Center and Dongying Branch Center of Yunnan Precious
Precious Metals Laboratory Metals Laboratory were inaugurated. On October 30, 2025, Sino-Platinum Metals Group participated in the 2025 Tengchong Scientists Forum – Special Event on Innovation-
Driven Development of New Materials and Industrial Finance and the 2025 Precious Metals Forum, injecting new momentum into the Group's
e?orts to deepen industry-academia-research collaborative innovation and promote the high-quality development of the precious metals new
materials industry.
Environment: Symbiosis for Society: Sharing for a Better Governance: Co-Governance for Sino-Platinum Metals Co., Ltd. 2025 ESG Report
a Green Future Future a Sustainable Future
Strengthening Intellectual Property Management
Jointly Building a Precious Metal Materials Intelligent Design Platform
The Group systematically advances the use and protection of intellectual property, unlocking the value of innovation
achievements. It implemented a pilot program for open patent licensing for the ?rst time, completing 9 patent licenses
and achieving licensing fees of RMB 400,000. It completed evaluations of 6 scienti?c and technological achievements, of In September 2025, Yunnan Precious Metals Laboratory, in
which 5 reached internationally leading levels and 1 reached an internationally advanced level. Yunnan Precious Metals collaboration with Kunming University of Science and Technology,
Laboratory obtained ISO 56005 Level 2 certi?cation for innovation and intellectual property management. The Group Yunnan University, and other institutions, carried out project
received 5 provincial/ministerial-level science and technology awards, including 3 ?rst prizes and 2 second prizes. research and successfully built a Precious Metal Materials Intelligent
Design Platform. The platform integrates developed precious metal
materials science models, based on a uni?ed platform architecture
and task flow engine for collaborative optimization, solving the
problems of fragmentation and integration difficulties arising from
different sources and different models. It possesses automated
modeling functions such as feature engineering, model selection,
intelligent parameter optimization, and model evaluation, covering
the complete machine learning process. The platform optimizes the
experience for non-professional users through guided operation
processes and the encapsulation of complex steps, helping
"zero-experience" users get started quickly and use the platform
efficiently, empowering the R&D and innovation of new precious
metal materials and new products.
CASE
Indicators and Targets
In 2025, a total of 68 projects were applied for, and 55 new projects were approved. Additionally, the organization once again
received support from two national 2030 major special projects, leading one and participating in another. Six projects were
approved for national fund support, including two joint fund projects, breaking the ten-year blank of national fund joint fund
projects.
Guizhou Precious Metals Catalysis has been selected as a national-level single-item champion enterprise in the
In September 2025, Sino-Platinum Metals Group was selected manufacturing industry. Guizhou Precious Metals Resources, Guizhou Precious Metals Chemistry, and Guizhou Precious
for the ?rst batch of national-level industrial intellectual property Metals Industrial Catalysis have been selected as national key "little giant" enterprises specializing in precision, ?ne, unique,
operation centers released by the China National Intellectual and innovative products. Guizhou Precious Metals Sino-Greek has been selected as a national "little giant" enterprise
specializing in precision, ?ne, unique, and innovative products. Yongxing Resources has been awarded the title of single-
Property Administration (CNIPA), ranking 61st and becoming
item champion enterprise in the manufacturing industry in Hunan Province, and Yongxing Testing has been awarded the title
the only unit in Yunnan Province to be included. of small and medium-sized enterprise specializing in precision, ?ne, unique, and innovative products in Hunan Province.
Accelerating "Digital Intelligence" Integration Further Reading
With a focus on digital infrastructure construction and AI empowerment, the Group advanced 32 digitalization projects, Manufacturing Single Champion
promoted the design of the Precious Metals Big Data Center and the storage of some data. The applied "Yunnan Rare
and Precious Metals Industry High-Quality Dataset Construction and Application Project" was approved for establishment Refers to enterprises that have long focused on segmented markets in the manufacturing industry, with
by the National Development and Reform Commission (NDRC) and included in the National Major Project Database, production technology or processes that are internationally leading, and whose market share for a single
making it one of the country's ?rst batch of pilot construction projects for high-quality dataset new type of information product ranks among the top globally. The number and quality of such enterprises are important indicators for
infrastructure. The Group built an AI public service platform and developed a independently controllable digital measuring the development level of a region's manufacturing industry.
factory. SPM Resources established the Group's first remote control and digital twin centralized control center, and
the Continuous Flow Research Laboratory developed automated control devices and systems. The Group piloted the
development of a platinum precious metals industry large language model and AI application scenarios, advancing the
Science and Technology Innovation Indicators and Targets
construction of AI laboratories. Most subsidiaries, relying on industrialization project construction, deployed automated
Completion
equipment and production lines, achieving production automation and intelligence. Focusing on the four key elements No. Indicator Target Actual
Rate
of digital factories – "automation transformation, digital twin, production operations, and centralized control center"
– SPM Chemicals and SPM Zhongxi launched MES systems. Centered around the Majinpu Digital Park, the Group 1 Signed research contract value RMB 250 million RMB 251.35 million 100.5%
steadily advanced the construction of disaster recovery computer room, a digital control center, and a digital park, with 2 Research funds received RMB 200 million RMB 214.40 million 107.2%
all construction plans fully implemented. The Group received a national-level digitalization major project for the ?rst time.
SPM Chemicals was established as a Yunnan Provincial "Advanced-Level Intelligent Factory" and a Kunming Municipal
Digital "Little Lighthouse." Catalysis Dongying was established as a Shandong Provincial "Advanced-Level Intelligent 4-1 Invention patent applications ?led 100 Pieces 102 Items 102%
Factory." The genetic engineering special project reached new heights, adding 4 new databases and independently 4-2 Invention patents granted 40 Pieces 51 Items 127.5%
developing 5 types of high-throughput experimental data intelligent processing algorithms, improving e?ciency by 100
times. On the management side, based on existing systems such as ERP, collaborative o?ce, transparent procurement, 5-1 Papers published (quality & quantity) 100 Articles 121 Articles 121%
hedging, and SPM Gold, the Group added 11 specialized systems including financial shared services, technology 5-2 SCI/EI indexed papers 38 Articles 40 Articles 105.3%
management, and safety and environmental protection. It has now achieved integrated business and ?nance across more 6 National or industry standards formulated/revised 11 Items 13 Items 118.2%
than 40 information systems, with most business processes and supervision online and visualized, e?ectively optimizing
internal resource allocation and achieving coordinated production and supply chain operations. 7 Provincial/ministerial-level awards applied for 3 Items 12 Items 400%
Future Prospects Sino-Platinum Metals Co., Ltd. 2025 ESG Report
Future Outlook With a favorable wind on our long journey, we set sail again under a heavy responsibility. Sino-
Platinum Metals Group will adhere to the guidance of Xi Jinping’s Thought on Socialism with Chinese
Characteristics for a New Era, deeply study and implement the spirit of the Fourth Plenary Session of
the 20th Central Committee of the Communist Party of China, inspect the spirit of General Secretary Xi
Jinping’s important speech in Yunnan, anchor itself to the development goals of becoming a "century-
old, hundred-billion, world-class" enterprise and achieving the "15th Five-Year Plan." It will advance
the independent controllability and high-end transformation of the precious metals new materials
industry chain, continuously deepen its green transformation, actively ful?ll its social responsibilities,
steadily improve its governance e?ectiveness, and inject strong momentum into the global sustainable
development cause!
Appendix Sino-Platinum Metals Co., Ltd. 2025 ESG Report
Appendix Feedback
Index Reference Dear Reader,
Thank you very much for taking the time to read the "Sino-Platinum Metals New Materials Holding Group Co., Ltd. 2025
Shanghai Stock Exchange Listed Company Self-Regulatory Guidelines No. 14 – Sustainability Reporting (for Trial
ESG Report." To continuously improve our ESG report management and enhance our responsibility performance and
Implementation)
capabilities, we particularly value your opinions and suggestions. We kindly invite you to complete the relevant questions
Serial in the feedback form and provide your feedback to us through the following channels.
No. Number Topic Corresponding Chapter
Sino-Platinum Metals Group Co., Ltd.
Pollution Prevention and Ecological
Protection Address: No. 988 Keji Road, High-tech Industrial Development Zone, Kunming, Yunnan, China
Pollution Prevention and Ecological
Protection
Pollution Prevention and Ecological Group Website: http://www.sino-precious.com/
Protection
Environment
Environmental compliance Energy and Environmental Management Your Information
management System
Energy and Environmental Management
System
Resource Conservation and Circular Organization：_________ Email：_______________
Economy
Selective Questions (Please tick ? √ ? in the appropriate box）
Resource Conservation and Circular
Economy
Please rate the extent to which this report reflects the Group's significant impacts on the economy, society, and the
environment.
□ Excellent □ Good □ Fair □ Poor □ Very Poor
Please rate this report's response and disclosure regarding issues of concern to stakeholders.
Please rate the clarity, accuracy, and completeness of the information, indicators, and data disclosed in this report.
Society 13 Supply chain security Partner Responsibility □ Excellent □ Good □ Fair □ Poor □ Very Poor
Equal treatment of small and medium- Please rate the readability of this report.
sized enterprises
□ Excellent □ Good □ Fair □ Poor □ Very Poor
Please provide an overall rating for this report.
Data security and customer privacy
Customer Service □ Excellent □ Good □ Fair □ Poor □ Very Poor
protection
Open-Ended Questions
Governance Related 19 Stakeholder communication Stakeholder Communication
to Sustainable
Anti-commercial bribery and anti-
Development 20 Compliance Management
corruption 3. What valuable ESG information do you think this report has provided for you?
Appendix Sino-Platinum Metals Co., Ltd. 2025 ESG Report
Rating Report
A Quick Guide to the "Sino-Platinum Metals Co., Ltd. 2025 ESG Report" Rating Report for the "Sino-Platinum Metals Co., Ltd. 2025 ESG Report"
The "Sino-Platinum Metals Co., Ltd. 2025 ESG Report" (hereinafter referred to as "the Report") received a Five-Star rating, making it an excellent corporate sustainability
report. Commissioned by Sino-Platinum Metals Co., Ltd. for the fourth consecutive year, the "China Enterprise Social Responsibility Report Rating Expert Committee"
I. Rating Report selected experts to form a rating panel to evaluate the Report.
I. Rating Basis Innovation （）
The Report features a special section on "Deepening Party Building to Lead New
high-quality development with high-quality Party building. The "Looking Back at 2025"
Sustainability Reporting (for Trial Implementation) honors, demonstrating the leading nature of the Company's responsibility ful?llment.
The 2025 ESG Report of Rating Result Rating Icon Development Level Actively responding to international standards and regulatory requirements, the
+
Report discloses multiple topics such as addressing climate change and product and
Yunnan Precious Metal Five-Star Plus Exemplary Products Industry service safety and quality with reference to the four-pillar framework of "Governance,"
New Material Holding Five-Star Excellent 4. China Corporate Sustainability Report Rating Standards (2026) "Strategy," "Impact, Risk and Opportunity Management," and "Indicators and Targets,"
enhancing the standardization of information disclosure and demonstrating excellent
Group Co., Ltd. (hereinafter Four-and-a-Half-Star Leading
II. Rating Analysis
innovation performance.
referred to as the "Report") Four-Star Outstanding III. Comprehensive Rating（）
The Report is rated as Five- Three-Star Good Process（）
The Company established a Social Responsibility Leadership Working Group,
Star, an excellent corporate Two-star Developing with the Group's Party Committee Secretary and Chairman serving as the Group After evaluation by the rating panel, the "Sino-Platinum Metals Co., Ltd. 2025 ESG
Leader, responsible for researching and guiding report preparation, while the Report" received a Five-Star rating, making it an excellent corporate sustainability
sustainability report. One-Star Initial Board of Directors is responsible for final review. Preliminary research was report.
conducted around report preparation, and an ESG indicator system covering
five aspects—report preface, environment, society, governance, and report
postscript—was established to further improve the report preparation level. Before Rating Result Rating Icon Development Level
II. Highlight Achievements the commencement of report preparation, special training was provided to ESG
work leaders at all levels to clarify key report work priorities. The Company actively Five-Star Plus + Exemplary
participated in ESG-themed activities such as the Yunnan Provincial State-owned Five-Star Excellent
and Promoting Sustainable Development and the Yunnan State-owned Assets and Four-and-a-Half-Star Leading
employee rights Special Training, continuously improving its ESG work level. The report is planned Four-Star Outstanding
Process
Groups of protection, to be presented in electronic and print formats, demonstrating excellent process
occupational Three-Star Good
Materiality performance.
pollutant health and work
Two-Star Developing
safety Materiality （）
Completeness emissions One-Star Initial
The Report systematically disclosed key issues for the metal products industry,
Balance including addressing climate change, pollutant emissions, waste treatment, energy
4 and resource conservation, R&D and application of environmental products or
Comparability technologies, sustainable supply chain, product and service safety and quality, IV. Recommendations for Improvement
Waste treatment
management
Environmental compliance
Water resource utilization
Rural revitalization
Innovation-driven
safety and quality
Product and service
communication
Stakeholder
competition
Anti-unfair
Readability Groups of anti- occupational health and work safety, sustainable governance mechanisms, and
commercial anti-commercial bribery and anti-corruption, with detailed and comprehensive
Innovation bribery and anti- descriptions. Among them, the three topics with the most extensive coverage
were product and service safety and quality (7 pages), addressing climate change
Increase the disclosure of core indicators under topics such as circular economy
and sustainable supply chain to further enhance the completeness of the Report.
corruptio (6 pages), and sustainable governance mechanisms (4 pages), demonstrating
excellent materiality performance.
Completeness （）
The main content of the Report systematically disclosed 87.95% of the core V. Rating Medal
indicators for the metal products industry from the perspectives of "Symbiotic
Guardianship for a Green Future," "Sharing for a Better Future," and "Co-
governance for a Sustainable Future." Among them, the core indicator coverage Sino-Platinum Metals Co., Ltd. has participated in the report rating for four
The Report achieved Five-Star The Report systematically disclosed 87.95% of the core The Report disclosed three-year rates for topics such as waste treatment, environmental compliance management, consecutive years and has received a Five-Star rating for three consecutive years,
ratings in Process, Materiality, indicators for the metal products industry. Among them, comparative data for 112 key indicators and water resource utilization under the environmental dimension; rural earning a Bronze Medal.
Balance, Comparability, the core indicator coverage rates for topics such as waste in detail. Among them, the three-year revitalization, innovation-driven development, product and service safety and
quality, data security and customer privacy protection, employee rights protection,
Readability, and Innovation, treatment, environmental compliance management, comparable data disclosure for pollutant occupational health and work safety, and career development and training
and a Four-and-a-Half-Star and water resource utilization under the environmental emissions under the environmental under the social dimension; and stakeholder communication and anti-unfair Report Rating Trend
rating in Completeness. dimension; rural revitalization, innovation-driven dimension, employee rights protection, competition under the governance dimension were the highest, all reaching 100%,
demonstrating leading completeness performance.
development, and product and service safety and quality occupational health and work safety under Five-Star Five-Star Five-Star
under the social dimension; and stakeholder communication the social dimension, and anti-commercial Balance （）
The Report disclosed negative data information such as "labor disputes," Four-and-a-
and anti-unfair competition under the governance dimension bribery and anti-corruption under the Half-Star
"employee turnover rate," "new occupational disease cases," "number of work
were the highest, all reaching 100%. governance dimension was the most safety accidents," and "work days lost due to work-related injuries," and briefly
comprehensive. described situations such as "no major sudden environmental incidents or
environmental violations leading to criminal penalties," demonstrating excellent
balance performance.
III. Recommendations for Improvement
Comparability （）
The Report disclosed three-year comparative data for 112 key indicators in detail,
Increase the disclosure of core indicators under topics such as circular economy and sustainable supply chain to further enhance including "total profit," "total tax paid," "environmental protection expenditure," 2022 2023 2024 2025
the completeness of the Report. "greenhouse gas emission intensity," "average paid annual leave days per person,"
and "ESG training participants," and explained the statistical scope of greenhouse
gas emissions. Among them, the three-year comparable data disclosure for
pollutant emissions under the environmental dimension (11 groups), employee
IV. Rating Medal rights protection and occupational health and work safety under the social
dimension (14 groups each), and anti-commercial bribery and anti-corruption under
Report Rating Trend the governance dimension (4 groups) was the most comprehensive. Horizontal
comparisons such as "ranking ?rst in China and ?fth globally in the precious metals
Five-Star Five-Star Five-Star ?eld" were also provided, demonstrating excellent comparability performance.
Sino-Platinum Metals Co., Ltd. Four-and-a- Readability （） Vice Chairman of the Rating Expert Committee
Half-Star The Report comprehensively elaborated on the Company's annual responsibility
has participated in the report practices and achievements from three major chapters—Environment, Society, and
Scan to View
rating for four consecutive Governance—with a clear framework structure and prominent key topics. The cover Rating Pro?le
design incorporates precious metal elements (such as chemical symbols like Pt,
years and has received a Five- Pd), echoing the Company's core business, with a distinctive style. The inclusion of
"Further Reading" sections interpreting industry-speci?c terminology enhanced the Isuing Date: March
Star rating for three consecutive report's readability. The internal layout is simple and fresh, with ?exible and varied
years, earning a Bronze Medal. use of graphics and text, demonstrating excellent readability performance. 31,2026 Rating Panel Leader Rating Panel Expert
Address: No. 988, Keji Road, The High and New Technology Industry Development Zone,Kunming, Yunnan, China
Tel: 0871-68329955
Website: http://www.sino-precious.com
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