EGING PHOTOVOLTAIC TECHNOLOGY CO., LTD.
ENVIRONMENTAL, SOCIAL
AND GOVERNANCE (ESG) REPORT
Contents Appendix
Key ESG Data in 2025 85
About the Report 01
Report Indicator Index 91
Responsibility Address 02
Sustainable Develo- Joint Industrial
About EGING PV pment Management Green Innovation Development
Company Profile 04 ESG Strategy 10 R&D Innovation Management 18 Product Quality and Safety 30
Development History 05 ESG Governance 11 Green Products and Solutions 19 Customer Service 34
Business Presence 06 ESG Action Response 12 Intellectual Property Management 23 Supply Chain Management 36
Global Service 07 Communication with Stakeholders 13 Digital Construction 25
ESG-related Honors and Awards 08 Materiality Issues Evaluation 15
Environmental Work Safety Human Resource
Corporate Governance Management Management Management
Corporate Governance System 40 Environmental Compliance Management 54 Work Safety Assurance 68 Employee Rights and Interests Protection 77
Internal Control and Risk Management 43 Energy Management 62 Risk Management and Hazard Control 71 Recruitment and Employment 78
Internal Audit 45 Water Resource Management 64 Occupational Health and Safety Employee Remuneration Package 79
Business Ethics and Integrity Building 47 Pollutant Management 65 Management 72 Employee Training and Career Development 80
Information Security Management 49 Ecological Protection and Biodiversity 66 Emergency Response Management 74 Employee Care and Corporate Culture 82
Social Responsibility and Contribution 84
Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Preparation References
This Report has been prepared with reference to the Global Reporting
Initiative's Sustainability Reporting Standards (GRI Standards), the
United Nations Sustainable Development Goals (UN SDGs 2030), the
EU Corporate Sustainability Reporting Directive (CSRD) (European
Report Overview Sustainability Reporting Standards, ESRS), the SASB Standards (for
the PV technology and project development industry), and the
relevant ESG information disclosure requirements of the China
The Report is the fourth environmental, social and governance (ESG) report released by EGING Photovoltaic Technology Co., Ltd. (hereinafter
Securities Regulatory Commission (CSRC) and the Shanghai Stock
referred to as "the Company", "EGING PV", or "we"), which aims to disclose the Company's management philosophy, core initiatives, and key
Exchange (SSE), while taking into account the development trends of
performance in environmental, social and governance dimensions in 2025 to all stakeholders including shareholders, customers, employees,
the PV industry, industrial policy orientations, as well as the Compa-
suppliers, communities, and government regulators in a comprehensive and transparent way.
ny's own business model and sustainability management practices,
so as to ensure the comprehensiveness, relevance, standardization,
and industry suitability of the disclosures in this Report.
Organizational Scope of the Report Report Release Cycle
Disclaimer
The headquarters, branches and subsidiaries of This Report is published once a year, to keep the Company's stakeholders
EGING Photovoltaic Technology Co., Ltd. updated on its progress, strategies and core performance in sustainability. We
actively accept supervision and feedback from all stakeholders, and promote the The Report contains forward-looking statements. Except for historical
standardization and transparency of ESG information disclosure. facts that have been clearly disclosed, all statements involving the
Company's future strategic plans, development goals, performance
expectations, business layout, technological innovations, among
others, are made based on the Company's current operating
Time Range of the Report About Information Sources conditions, industry trends, and available information. Due to the
influence of various uncertainties, including the macroeconomic
environment, changes in policies and regulations, the competitive
The Report covers the period from January 1 to The information and data in the Report are sourced from the Company's official
landscape, technological iteration and natural disasters, the actual
December 31, 2025. To enhance the comparability, documents, including but not limited to internal management policies and
results may vary from the forward-looking statements. The Company
continuity, and contextual completeness of the process documents, business management statistical ledgers, financial
makes no express or implied representations or warranties regarding
Report's content, certain information related to statements and audit reports, ESG records (environmental monitoring data,
the accuracy or achievability of such statements. This Report is
historical evolution, long-term planning, and multi-year work safety records, employee training files, etc.), third-party testing and
intended solely to disclose ESG-related information to stakeholders
project progress may trace back to previous years as certification reports, stakeholder survey feedback materials, and publicly
and does not constitute any commercial offer, investment advice, or
appropriate.a verifiable industry data and policy documents.
other legally binding document.
About the Report About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
At this new juncture, the PV industry sees multiple
In 2025, with the global efforts to achieve carbon peaking and carbon opportunities and challenges brought by technological
neutrality goals coming to a critical stage, energy transition and iteration, market restructuring and global competition.
sustainable development have emerged as the prevailing trends of the Enterprises are an integral part of society. Only by growing with stakeholders can Going forward, with ESG as the core strategic engine,
times. As a core pillar for clean energy substitution, the PV industry is an enterprise secure long-term growth. Adhering to the people-oriented philoso- EGING PV will further intensify efforts in three key areas.
shouldering the historical mission of reshaping the global energy phy, we prioritize the protection of employees' rights and interests and their career In the environmental dimension, we will focus on the
landscape. Dedicated to the industry for over two decades, EGING PV development. We improve the remuneration and welfare system, occupational innovation and mass application of green and
has always viewed ESG (Environmental, Social and Governance) as health protection measures, as well as diverse training and promotion pathways, to low-carbon technologies, striving to become an
the core DNA for its survival and development, as well as a strategic enable all employees at EGING PV to realize their personal values in a safe, fair industry benchmark in low-carbon transformation. In the
anchor for it to navigate market cycles. Operating under the framework and caring working environment. Upholding quality as the lifeblood of the social dimension, we will push the boundaries of
rooted in ecological priority, shared responsibility, and solid gover- Company, we leverage digital quality management and lifecycle traceability responsibility, deepen value sharing with employees,
nance, the Company honors the trust of stakeholders and answers the systems to provide global customers with highly reliable, high-value products and customers, suppliers and communities, and seek for a
call of the times, forging ahead steadfastly on the path to sustainable whole-lifecycle services. We deepen supplier management by incorporating social more resilient and inclusive industrial ecosystem. In the
development. responsibility requirements into cooperation terms, and drive the enhancements in governance dimension, we will continue to optimize the
both compliance standards and the sense of responsibility across the supply governance structure and advance digital upgrading,
chain through audits, training and collaborative improvement. We actively integrate enhance governance efficiency and transparency, and
into community development, contributing to rural revitalization, ecological support the long-term development of the Company
conservation and public welfare assistance. By giving back to society with the through modern governance.
fruits of corporate development, we fully demonstrate our commitment to social
We firmly believe that an enterprise's long-term value aligns with its
responsibility as a corporate citizen. Although the road ahead is long and challenging,
ecological value, and for an enterprise, shouldering its environmental
perseverance will lead us to a promising future. Every
responsibility is an unshrinkable mission of the times. As a state-level
step we've taken forward wouldn't have been possible
"Green Factory" and "Green Supply Chain Management Enterprise", we
without the trust of shareholders, support of customers,
embed the concept of whole-lifecycle decarbonization into the entire
dedication of employees, and care from all sectors of
industrial chain from R&D, production and supply to recycling. By Sound corporate governance is core to the implementation of ESG strategies, as society. Let us join hands and forge ahead toward a
optimizing production processes and upgrading intelligent manufactur- well as fundamental to an enterprise's risk resilience and steady development. We brighter and more sustainable future!
ing, we continuously drive down energy consumption per unit of strictly follow the requirements of the Company Law, refine our governance
product. By operating rooftop PV power stations and self-operated structure comprising shareholders' meetings, Board of Directors, special Going ahead, EGING PV will stay true to its original
power facilities, we ensure a continuous supply of clean electricity, committees and the management, and integrate the whole chain from strategy aspiration and founding mission. With stronger
reducing carbon emissions at scale through an optimized energy mix. formulation and implementation to supervision and evaluation. We strictly adhere commitment to ecological protection, more results-ori-
By deepening eco-friendly product design, we minimize our environ- to business ethics and earn market trust through transparent, standardized and ented responsibility initiatives, and a more robust
mental footprints at the source with the adoption of innovative light- compliant operations. We have in place a scientific internal control and risk governance system, we will work with all partners to ride
weight, recycling and energy-efficient technologies. By driving management system, and accurately identify, prevent and control operational, on the global wave of energy transition, thereby
upstream and downstream partners to meet environmental compliance compliance, environmental and other risks, safeguarding the high-quality contributing to a cleaner, safer and more efficient
standards, we seek to build a green and low-carbon ecosystem across development of the Company. We continue to improve the ESG information energy system, as well as the shared vision of
the industrial chain from procurement and production to logistics. This disclosure mechanism, and respond to stakeholders' concerns through open and sustainable human development.
is not only a concrete practice of our commitment to "carbon peaking transparent communication, to foster mutual trust based on positive engagement.
and carbon neutrality" goals, but also a strategic choice for us to seize
future markets with ecosystem competitiveness.
About the Report Responsibility Address Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Company Profile
Development History
Business Presence
Global Service
ESG-related Honors and Awards
About the Report Responsibility Address Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
EGING Photovoltaic Technology Co., Ltd. (hereinafter the globe. In addition, EGING PV has established a range of scientific research
referred to as "EGING PV"), listed under stock code platforms, including the "International Science and Technology Cooperation Base"
SH600537, is a high-tech enterprise dedicated to the PV accredited by the Department of International Cooperation of the Ministry of
field, specializing in the R&D, production, and sales of solar Science and Technology of China, a postdoctoral research station, and the
cells and modules. It also has extensive experience in the Jiangsu PV Engineering Research Institute. The Company's module laboratory
development and operation of PV power stations. In 2011, was not only certified by the China National Accreditation Service for Conformity
the Company was successfully listed on China's A-share Assessment (CNAS), but also designated as a TDAP laboratory by the internation-
market, and has been ranked among the "Global Tier 1 PV ally renowned PV certification body VDE, and a TMP witness laboratory by T?V
Manufacturers" by BloombergNEF for years in a row. Rheinland. This provides authoritative assurance for the R&D, quality inspection,
Equipped with world-class production lines, EGING PV and international certification of products.
consistently delivers high-quality PV modules to customers
worldwide. Going forward, EGING PV will remain focused on improving operational efficiency,
strengthening the R&D of core technologies, and expanding its business
Currently, the Company's core product is high-efficiency footprints. Driven by customer needs, the Company will provide global customers
crystalline silicon solar modules, which are applied mainly to with reliable clean energy products and personalized services, steadily advancing
large-scale ground-mounted power plants, industrial and toward the goal of becoming the preferred supplier of multi-scenario solutions for
commercial projects, and residential installations, and PV power stations.
exported to approximately 55 countries and regions across
Ranking among global PV
Company established in Stock code manufacturers
About the Report Responsibility Address Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
EGING PV was awarded the EcoVadis Silver
Medal, which marked its green management
reached international standards
EGING PV was listed on China's A-share The 10GW high-efficiency N-type Information Technology, positioned to promote
(Stock code: SH600537) and settled in Chuzhou
A cell production line was put
into operation
With module products launched
expanding
into market, EGING PV gained fast
Founding stage
expansion, becoming an emerging Quality globalization
（2003-2010） stage
force in China's PV industry
Building a solid （2023-2025）
foundation with a clear Technological
Listing and upgrade stage
industrial positioning development stage
（2019-2022）
（2011-2018）
Expanding global presence EGING PV was honored as an
with the empowerment "Outstanding Certified Organization",
of green development demonstrating industry-leading quality
Advancing toward standardized Ranking among the top tier
operations with the of the industry with the control and comprehensive strength
empowerment of capital empowerment of technology
EGING PV was ranked among the
EGING PV was listed among China's top EGING PV was awarded the first "Zero-Carbon
turers by Bloomberg
ing a foothold in the industry China Quality Certification Center
A silicon wafer production 3GW high-efficiency crystalline silicon
line was put into operation modules were mass-produced with
improved production capacity and efficiency
EGING PV was registered and established
with a focus on the PV field
About the Report Responsibility Address Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Business Presence
Cell manufacturing Module manufacturing Power station development Operation & management
services
EGING PV continuously optimizes By integrating advanced enveloping and grid EGING PV provides one-stop power station
EGING PV has established a full-lifecycle
product performance, improves energy line optimization technologies, EGING PV has solutions covering the entire project
operation & maintenance system for power
conversion efficiency and stability, and launched products of diverse formats and lifecycle from planning and design to
stations, enabling real-time monitoring of
focuses on driving breakthroughs in specifications. Through quality control through- construction. The Company adopts a
operation status. The Company provides
core cell manufacturing technologies, out the production process, the Company has diversified business model to promote the
professional whole-process operation &
so as to enhance product competitive- built a premium and reliable brand image. A development of power stations in various
maintenance services, including equipment
ness. Equipped with advanced testing global sales network has been established, and scenarios, such as large-scale
maintenance, troubleshooting and perfor-
instruments and special-purpose the Company's products have obtained major ground-mounted plants and industrial &
mance optimization, and has in place a 24/7
equipment, the Company implements international certifications. The Company offers commercial rooftop systems. Leveraging
rapid response mechanism, to ensure
refined management and control to customized module solutions that incorporate advanced energy storage system
long-term stable returns of power stations. By
ensure the consistency of cell products. high-efficiency power generation technologies, integration technologies, the Company
integrating preventive maintenance technolo-
balancing costs and performance to address achieves the coordinated development of
gies, the Company can identify potential
the needs in diverse areas. PV power generation and energy storage.
equipment risks in advance.
About the Report Responsibility Address Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Spain Germany Italy Uzbekistan
Canada
Europe
North America
Asia Paci?c
US Japan
China
Middle East
India
Africa Singapore
South America
Brazil
Australia
Serving countries
About the Report Responsibility Address Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Global New Energy ESG Top 100 List State-level Green Supply Chain State-level Green Factory State-level 5G Factory
Management Enterprise
Ministry of Industry and Information Ministry of Industry and Information
Global Green Energy Council Ministry of Industry and Information Technology of China Technology of China
Technology of China
Enterprise under the Green Building
Water-saving Enterprise APVIA Awards Global Top 500 New
Materials Rural Promotion
in Jiangsu Province Energy Enterprises
Initiative in Jiangsu Province
Asian Photovoltaic Industry
Industry and Information Technology Department Department of Water Resources Association (APVIA) China Energy News, China
of Jiangsu, Jiangsu Development & Reform Commission of Jiangsu Province Institute of Energy Economics
Department of Finance of Jiangsu Province
Zero-carbon Product Cabon Footprint Environmental Product
Factory Certification Certification Declaration (EPD) Certification
UL Solutions (mutually recognized
China Quality Certification Center China Quality Certification Center by the Italy EPD platform)
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
ESG Strategy
ESG Governance
ESG Action Response
Communication with Stakeholders
Materiality Issues Evaluation
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
The Company has established a four-pronged ESG strategic framework comprising governance (G), renewable (R), oriented (O), and wellbeing (W). Focusing on the new energy
business, the Company integrates sustainable development deeply into the whole value chain from R&D and production to sales and services, empowering delivery of the “carbon
peaking and carbon neutrality” goals and energy transition across the globe with clean energy technologies.
Renewable Wellbeing
Oriented
Governance
Based on standardized and transparent modern
corporate governance, EGING PV improves its With renewable energy as the main business and Being sustainability-oriented, EGING PV embeds EGING PV safeguards the wellbeing of
ESG governance structure and decision-making "zero-carbon production, recycling and ecological the ESG philosophy into technology R&D, employees, customers, suppliers, communities
mechanism, strengthens end-to-end compliance protection" as the core principles, EGING PV refines its intelligent manufacturing, product innovation and and other stakeholders, guarantees employees'
risk control and business ethics education, green manufacturing system, drives energy conserva- the industrial chain. The Company drives occupational health and development,
enhances the transparency of information tion, carbon reduction and the transition to green low-carbon upgrade of the industry through empowers customers and supply chain
disclosure, and seeks to build a global compliant electricity, and improves the recycling of resources innovative high-efficiency PV technologies, partners, and fulfills its social responsibilities in
supply chain, to ensure its stable and sustainable such as water and solid waste, fulfilling its responsibili- expands into global low-carbon markets, and rural revitalization, energy inclusiveness, among
operation, and protect the legitimate rights and ty in ecological and environmental protection, and promotes collaborative and sustainable develop- other initiatives, to achieve development of both
interests of shareholders and stakeholders. contributing to the global climate action. ment across the industrial chain. the Company and society.
Core issues Core issues Core issues Core issues
Corporate governance, internal control and risk Climate change and carbon management, energy Technology innovation and R&D of green products, Employee rights and occupational health,
management, business ethics and anti-corrup- management, water resource management, intelligent manufacturing and operation optimization, talent cultivation and development, customer
tion, information disclosure and investor relations, pollutant management, recycling, and ecological sustainable strategic layout, collaborative develop- service and product responsibility, supply
supply chain compliance, data security and protection ment across the industrial chain, intellectual chain partner empowerment, rural revitalization
privacy protection property and innovation management and energy inclusiveness, community
engagement, charity and public welfare
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
EGING PV continuously optimizes its ESG governance structure, makes clear the responsibilities and authorities at the decision-making, management and execution
levels, and promotes efficient communication, close collaboration and implementation across all levels. By deeply integrating the ESG philosophy into its daily operations
and strategic planning, the Company advances various ESG initiatives in a more systematic and scientific way, consolidating the governance foundation for sustainable
development.
The Board of Directors and its subordinate Strategy Development and ESG Committee, as the deci-
Board of Directors sion-making level of the Company's ESG governance, continue to play a core role in strategic leadership.
Strategic They are responsible for formulating the Company's medium- and long-term ESG development
level guidelines, reviewing major matters related to ESG work, and regularly supervising and inspecting the
progress and implementation of ESG initiatives, so as to ensure that the Company balances its economic
Strategic Development and ESG Committee
benefits, environmental responsibilities and social responsibilities in the course of development.
ESG Work Leadership Group The Company's ESG Work Leadership Group, serving as the management level for ESG work, consists
of the Company's General Manager and senior management personnel. It is responsible for formulating
Management sound ESG management policies and implementation rules, conducting regular oversight of the
level execution of ESG work, coordinating various ESG initiatives to ensure their smooth implementation, and
ESG O?ce (Board O?ce)
reporting the progress of ESG work to the Strategy Development and ESG Committee on a regular
basis.
ESG Work Executing Group
The Company's ESG Work Executing Group, serving as the execution level for ESG work, consists of
Execution Centers and functional departments full-time personnel designated by various departments and units of the Company. Focusing on the core
level ESG work of the Company, it is responsible for daily ESG management work, including ESG-related data
Human Resources Administration Center, Finance Center, Supply Chain Center,
collection, result feedback and initiative implementation, so as to ensure the effective achievement of all
Operation Center, Manufacturing Center, Marketing Center, Quality Management the Company's ESG objectives.
Center, Technology R&D Center, Comprehensive Energy Center
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
The core of the Sustainable Development Goals (SDGs) is highly consistent with the ESG concept. Dedicated to the PV industry, EGING PV continuously
responded to the UN SDGs 2030 through its own ESG actions.
No Poverty The Company continuously absorbs labor in local and surrounding areas, providing stable jobs and
Partnerships for the Goals The Company drives the development of PV projects in collaboration with partners in
income for the public. Meanwhile, the Company deepens its engagement in rural revitalization, and carries out
the global PV industry, and deepens cooperation with universities and research institutions on the R&D and
public welfare activities that empower rural development through PV projects, effectively promoting the develop-
innovation of PV technologies, to promote the delivery of sustainability goals through diverse partnerships.
ment of rural economy and poverty alleviation.
Peace, Justice and Strong Institutions The Company strictly abides by national and international laws and
Zero Hunger The Company continuously optimizes the "PV + agriculture" project model, scientifically planning
regulations, upholds legal and compliant operations, and safeguards fair market competition. The Company
crop cultivation and poultry breeding under PV panels to further improve land utilization efficiency. By linking the
continuously improves its internal governance structure, establishes and refines risk management and internal control
development of different industries, the Company expands income channels for local farmers and indirectly
systems, while actively participating in the formulation of PV industry standards. By working with governments, industry
supports food security at the industrial level.
associations and other institutions, the Company aims to promote the compliant and healthy development of the PV
industry.
Good Health and Well-being The Company continuously refines its
occupational health and safety management system, to create a safe and healthy
Life on Land By driving the development of the PV industry, the Company reduces
Par
working environment for employees. The Company regularly organizes targeted
er t y
tn
the damage caused by the exploitation and use of traditional energy resources to occupational health checkups and dynamically monitors employees' health
Pov
ers
terrestrial ecosystems. The Company conducts special ecological evaluations during
hip
conditions. Meanwhile, the Company regularly launches safety knowledge training
No
Pe sti
s fo
the planning and construction of PV projects, and mitigates the impacts on the habitats
r
In
e
ac tut
sessions and emergency drills to enhance employees' safety awareness and
ng
e, ion
r th
of life on land through scientific site selection and rational construction methods.
Hu
Ju s
response to emergencies, thus reducing safety risks in production and operations.
st
eG
ro
Meanwhile, the Company focuses on ecological protection and restoration around
ic
Ze
e
oals
an
project sites, to minimize the potential impact of PV projects on terrestrial ecology.
d
St
Lif
ro
eo ing
ng
nL - be
Life Below Water Although no actions have been taken directly targeting
an
d
dW
ell
as postdoctoral research stations, with the aim to cultivate professional and
lth
the protection of life below water, the Company has reduced the impacts of H ea technical talents in the PV field. Meanwhile, the Company helps improve teaching
od
Go
production and operations on the aquatic environment through environmental conditions in rural schools through material donations and facility construction,
protection measures such as strictly controlling the discharge of production effectively facilitating the development of education.
Life Below Water ucat ion
wastewater, continuously improving the utilization efficiency of water resources, Quality Ed
and implementing comprehensive carbon reduction initiatives. These efforts Gender Equality Adhering to the core principle of gender equality, the
have indirectly improved the living environment and contributed to the Company uses employees' abilities and performance as the core evaluation
protection of life below water. metrics in recruitment, promotion and compensation. The Company provides
ction G en
d er E equal employment and career development opportunities for male and female
ate A ption quali
Clim nsum employees, creating a fair workplace free from gender discrimination.
Climate Action With carbon peaking and carbon neutrality as the core le Co
ty
on ib
s on
goal, the Company continuously improves its environmental management R e sp
Prod
u c ti
ea
and nW
system, reduces greenhouse gas emissions through adoption of energy-sav- at Clean Water and Sanitation The Company continuously improves its water
ing technologies and process optimizations, improves the operation model of sa
nd 9 nd
resource management system, enhancing the recycling efficiency of production
Af
e S
"zero-carbon factories", and increases the use of renewable energy in iti an
eC fo ita water and reducing water waste through process optimization and technological
bl ies rd tio
production and operations, effectively honoring climate action requirements. a
nomc
a
n it ble n
ai n
st mu
upgrades. Meanwhile, the Company makes ongoing efforts to construct and
s
an
tion and
tie
Su om maintain the sanitation facilities in employees' work and living areas, ensuring
d Eco
dC
ali
C
qu
le a
employees' access to safe drinking water and basic sanitation facilities.
ne
nE
rk an
, Innova
dI
Responsible Consumption and Production Integrating the green development
ne
ce
ture
rg
nt Wo
philosophy into all aspects of supply chain management, the Company implements green
du
y
Affordable and Clean Energy The Company focuses on the R&D,
Infrastruc
Re
Dece th
Industry
control throughout the process from raw material procurement and manufacturing to waste
Grow
production and sales of solar cells and modules, continuously improving the
disposal. The Company continuously consolidates the achievements of ISO 9001, ISO 14001 energy efficiency and quality of PV products. These high-quality products are
and other system certifications, and constantly upgrades the R&D and certification of green widely applied in various scenarios such as distributed PV power generation,
products, to promote the green and sustainable development of production and consumption. providing support for the global energy transition and helping reduce the reliance
on traditional fossil fuels.
Sustainable Cities and Communities The Company vigorously promotes building-integrated PV projects, widely
applying PV products to various urban buildings. This provides clean and low-carbon energy for urban development Decent Work and Economic Growth The Company carries out tiered and classified skills training and holistic
and reduces carbon emissions. Meanwhile, the Company respects local culture and customs in its business development programs for employees in different positions, helping them achieve career growth and secure decent
operations, actively engages with communities, and supports public welfare activities such as the construction of work. Meanwhile, the Company generates stable tax revenue for the country by promoting the development of the
community facilities, contributing to the sustainable development of communities. PV industry, drives the coordinated development across the industrial chain, and continuously contributes to local
economic growth and the expansion of job markets.
Reduced Inequalities The Company fosters a fair and impartial corporate culture within the organization,
eliminating unreasonable disparities in employee benefits, development opportunities and other aspects. Meanwhile, Industry, Innovation and Infrastructure The Company continuously drives the deep integration of the industry
the Company actively engages in various public welfare initiatives, and carries out pairing assistance, disability support with the next-generation information technology, deepening the implementation of MES, ERP and TMS projects,
and other activities to provide jobs and help for vulnerable groups such as people with disabilities, contributing to equal expanding the application of industrial AGVs, and building smart factories to boost production efficiency and product
development at the social level. quality. Meanwhile, leveraging its extensive experience in the construction and operation of PV power plants, the
Company provides professional PV solutions for the construction of energy infrastructure across the country.
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
EGING PV values the concerns and demands of all stakeholders, and has been continuously improving the channels and mechanisms for the communication with stakeholders. Through comprehensive analysis and
research, the Company has identified its key stakeholders as shareholders and investors; regulators, exchanges and rating agencies; customers; suppliers, contractors and other partners; community, civil society and the
media; employees; non-governmental organizations (NGOs); and industry associations.
Main stakeholders Expectations and demands Main communication methods
Economic performance Business compliance Shareholders' meetings Investor meetings
Shareholders and investors Risk management R&D innovation Periodic report disclosure Daily communication (phone
Management structure Digital construction calls, emails, and meetings)
Standardized disclosure of information
Regulators, exchanges, Compliance management Business ethics
Compliance training and self-inspection
and rating agencies Legal employment Ecological protection compliance
Questionnaire surveys
Customer privacy and information security
Customer visit Product technology exchanges
Customers Customer service Product performance
Customer satisfaction survey
Product quality and safety Green products and solutions
Sustainable procurement Responsible production
Suppliers, contractors, Regular evaluation and review Daily communication (phone
Business ethics Collaborative supply chain
and other partners Supplier conference calls, emails, and meetings)
ecosystem protection
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Main stakeholders Expectations and demands Main communication methods
Charity and public welfare Biodiversity protection Community project cooperation Official information release
Community, civil society, Employee rights and Resource recycling and Charity activities Daily communication (phone
and the media
interests protection waste disposal calls, emails, and meetings)
Employee communication group Trade union meetings
Employee health and safety Employee training and development
Employees Company opinion email Training and exchange meetings
Employee welfare rights protection Occupational health management
Employee satisfaction survey questionnaire
Water resource management Waste management Special information disclosure Exchanges on ecological protection
Non-governmental
Energy management Legal employment Engagement in public Daily communication (phone
organizations (NGOs)
Responding to climate change Ecological protection and biodiversity welfare projects calls, emails, and meetings)
Technological innovation and Digital construction Industry exhibition Regular meetings of industry
IPR protection Joint development of industrial International/national standard setting associations
Industry associations
Product management standards Academic exchange activities ESG experience sharing sessions
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Analyzing the entire business process: Centering on the whole business process from cell production, module enveloping,
product sales and after-sales service to the construction and operation of PV projects, the Company conducted a review of ESG
Stage 1 risks and opportunities across the value chain.
Materiality Issues Issue identification Benchmarking against the industrial practices and policies: The Company closely monitored the impacts of domestic and foreign
PV-related ESG regulations, renewable energy policies, and PV technology iterations on ESG management, and sorted out the
Evaluation common issues of the industry such as circular economy and social benefits.
Referring to authoritative frameworks: Based on the GRI Standards, combined with the requirements of the Guidelines No. 14 of
Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial), the Company preliminarily
EGING PV upholds ESG value creation at the
identified potential ESG issues in the three dimensions of environment, society and corporate governance in light of its own business
core. Through a four-stage process of "issue model and strategic priorities.
identification – issue research – issue analysis –
issue screening", the Company accurately
Stakeholder surveys: Through industry surveys, the Company gained insights into the concerns and core demands of various
identified ESG issues of double materiality to stakeholders regarding ESG issues.
Stage 2
both the Company and its stakeholders. Internal department interviews: The Company conducted in-depth interviews with 18 functional departments involved in ESG work
Issue research
Meanwhile, the Company has established a (including the Securities Department, Administration Department, Safety and Environment Department, Finance Department,
dynamic update mechanism for materiality Supplier Management Department, Labor Union), to sort out key ESG matters and management priorities in the daily operations of
issues, to ensure that the list of issues is each department.
aligned with corporate development, industry Data sorting and analysis: The Company summarized results from external surveys and internal interviews, eliminated issues with
changes and policy updates. no substantial relevance, and supplemented new ESG issues arising from business development.
Impact materiality: The Company evaluated the potential impacts of the issues on the environment and society, including the scale,
scope, duration, irreversibility and likelihood of their impacts (e.g., impacts of pollutant emissions on the surrounding environment,
Stage 3 contributions of employee rights and interests protection to society).
Issue analysis Financial materiality: The Company analyzed the potential impacts of the issues on its financial performance, including impacts on
revenue, costs, profits, cash flows, financing costs, brand value and other aspects (e.g., enhancement of market competitiveness
through green product R&D, impacts of compliance risks on operating costs, etc.).
Comprehensive scoring: Based on the evaluation results of impact materiality and financial materiality, the Company quantitatively
scored each issue on a 1-5 scale to form an issue materiality scoring matrix.
Comprehensive ranking: The Company ranked all issues based on materiality scores, shortlisting the core issues of "high impact
materiality + high financial materiality", "high impact materiality + medium financial materiality", and "medium impact materiality +
Stage 4 high financial materiality".
Issue screening Board review: The list of shortlisted issues was submitted to the Company's Board of Directors for review and optimization in light of
the Company's development strategy and resource allocation capabilities.
Dynamic update: The Company has established a dynamic adjustment mechanism for materiality issues, and reviews and adjusts
the list of issues annually in line with business development, industry changes, policy updates and evolving stakeholder demands,
to ensure alignment with its actual development.
About the Report Responsibility Address About EGING PV Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Materiality issues evaluation matrix
Materiality issues
Financial materiality
Carbon neutrality and Dimension ESG-related materiality issues in 2025
Business ethics and
Environmental compliance management, energy management, water resource
management, pollutant management, carbon neutrality and responding to climate
dimension change, ecological protection and biodiversity, green products and solutions
Internal control and 19 R&D innovation
risk management 11
and interests protection
Green products
Corporate 6 and solutions
Digital construction 21
Product quality and safety, customer service, supply chain management, work
Ecological protection 7 8
Supply chain Intellectual property
Occupational safety management, occupational health and safety, employee rights and interests
and biodiversity management health and safety
protection, employee training and career development, employee care and
Social
Work safety management 15 dimension corporate culture, social responsibility and contribution
Water resource
management
Corporate governance system, internal control and risk management, internal
Employee training and
career development audit, business ethics and integrity building, information security management,
digital construction, R&D innovation management, intellectual property manage-
Impact materiality Corporate governance
dimension ment
Environmental dimension Social dimension Corporate governance dimension
A total of 24 ESG issues are included for the year. Among them, 6 are strategic issues, focusing on carbon neutrality, energy management, green products, product quality and safety, employee rights and interests protec-
tion, and R&D innovation management; 16 are important issues, covering pollutant management, environmental compliance, ecological protection, supply chain management, occupational health, employee care, customer
service, employee training, safe production, corporate governance, internal control, business ethics, digitalization, information security, intellectual property, and internal audit; 2 are general issues, including water resource
management, and social responsibility and contribution.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
R&D Innovation Management
Green Products and Solutions
Intellectual Property Management
Digital Construction
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Cutting-edge manufacturing
The Company continues to drive the upgrade of production lines. Its 5G intelligent manufacturing
Consistently driven by technological innovation, EGING PV has been ranked for years among the project of high-efficiency modules has been put into operation. Fully compatible with the latest
"Global Tier 1 PV Manufacturers" by BloombergNEF. In 2025, the Company further scaled up input technologies including TOPCon and HJT, the project can fully meet the manufacturing requirements of
of R&D resources, embedded the innovation philosophy into the whole process of R&D and various high-efficiency PV modules. The Company's module series have passed VDE, T?V, CE, MCS,
production, and promoted the upgrades of both product performance and manufacturing capacity CEC, UL, INMETRO, CQC and some other authoritative certifications at home and abroad. With
through high-level technological R&D. high-quality products and comprehensive after-sales services, EGING PV has won widespread
recognition and praises from users around the world.
Intelligent and digital transformation has been completed for the production workshops. The cell
production workshop adopts the MES + AGV intelligent management model, realizing digital and
automated operation of the entire production process; advanced TOPCon mass production process
Global PV Manufacturers
has been developed on a collaborative basis, facilitating the large-scale industrialization of high-effi-
ciency cell technologies. The intelligent production lines in the module production workshop are
equipped with AI-powered fully automatic optical inspection and judgment equipment, which identifies
product defects through visual intelligence, replacing traditional manual inspection and boosting
inspection efficiency and product yield. Meanwhile, production lines have adopted precise welding
R&D platforms solutions and achieved millimeter-level precision positioning required for MBB module production,
guaranteeing the quality of module products in an all-round way.
The Company boasts a number of R&D platforms, including the "International Science and Technolo-
gy Cooperation Base" authorized by the Department of International Cooperation of the Ministry of
Science and Technology of China, a postdoctoral research station, Jiangsu (EGING) PV Engineering
Research Institute, Jiangsu Solar Energy Materials Engineering Research Center, and Jiangsu
Enterprise Technology Center, providing solid hardware and technological support for the R&D of
core technologies.
The Company's module testing laboratory was not only certified by the China National Accreditation
Service for Conformity Assessment (CNAS), but also designated as a TDAP laboratory by the
Cell production workshop Module production workshop
internationally renowned PV certification body VDE, and a TMP witness laboratory by T?V Rheinland.
This provides authoritative testing assurance for the implementation of R&D outcomes and product
quality control.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Authoritative green product certifications
Green Products and The green and low-carbon attributes of the Company's products have been widely certified by authoritative agencies both at home and
abroad. A comprehensive green certification system has been established, encompassing environmental product declaration certification, green
Solutions product certification, green building materials certification, carbon footprint certification and carbon label certification. These certifications serve as a
testament to the Company's strengths in the R&D and manufacturing of green products. Each certification adheres to stringent assessment criteria and
clear value orientations.
EGING PV embeds the concept of green develop-
Green product declaration (EPD) certification CQC green product certification
ment into the entire product lifecycle from design,
R&D and production to packaging and recycling. In The Company has been awarded UL EPD certification for P-type and N-type modules EGING PV has been awarded the Green Product Certification by
innovation of green products. By obtaining authorita- ISO 14025 standards, EPD is a life cycle assessment (LCA) of a product, covering the full of crystalline silicon modules. Green products should be
tive green certifications at home and abroad, lifecycle from material extraction, production, transportation, consumption, to final high-quality products that meet the environmental protection
disposal. By quantifying the core environmental impact indicators of products, including requirements in the whole lifecycle, do no harm or little harm to the
implementing eco-friendly product design, innova-
global warming potential, particulate matter emissions, ozone depletion, and water ecological environment and human health, and consume less
tively applying environment-friendly materials, and
pollution, the certification provides customers with clear and quantifiable information on resources and energy. The certification serves as an important
improving product lifecycle management, the the environmental impacts of products. After obtaining the UL EPD certificate, the official recognition of the Company's green product design and
Company has developed PV products and solutions Company's products are simultaneously registered and published on the Italian EPD green production.
featuring high power, high reliability, low attenuation platform, highly recognized as green in the European market.
and low energy consumption. Meanwhile, the
Company promoted the application of green
products in various scenarios, contributing its CQC green building materials certification T?V Rheinland product carbon footprint certification
strength to the green development of the PV industry.
The Company has been awarded the Green Building Materials Certification by The Company has obtained the product carbon footprint certificate
CQC. Green building materials feature adoption of clean production technolo- issued by T?V Rheinland. The certification is based on precise
gies, reduced consumption of natural resources and energy, and extensive use calculation and validation of carbon emissions throughout product
of industrial or urban solid waste. Such products are non-toxic, pollution-free and lifecycles, from acquisition of raw materials and production to
non-radioactive, highly aligning with the green development needs of the transportation, in compliance with internationally recognized
construction sector. The certification paves the way for the Company's products standards. It provides authoritative international endorsement for the
to be applied to green buildings. products' low-carbon attributes and enhances their competitiveness
in the global low-carbon trade market.
Jiangsu product carbon label certification
The Company has been awarded the Jiangsu Product Carbon Label Certification, becoming a benchmark enterprise for green and low-carbon development in
Jiangsu's PV industry. In line with Jiangsu's industrial developments and low-carbon standards, this certification is about authorization of an exclusive carbon label
based on scientific calculation of product carbon emissions. It serves as a further testament to the low-carbon nature of the Company's products, and aligns
closely with local green industrial policies and market demands.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Eco-friendly product design
The Company upholds eco-friendly design, focusing on creating lightweight, harmless, highly reliable, recyclable, energy-efficient and environment-friendly PV products. The
Company has developed a series of green PV module products, including Aurora Pro, Aurora Pro+ and Star Pro, that feature enhancements in both technical performance
and environmental friendliness, delivering complete technical solutions across all design dimensions.
The Company adopts stringent standards to forge a solid quality foundation. All series are
Innovative low-density, high-strength materials are prioritized. provided with a 15-year product warranty and a 30-year linear power warranty, and strictly
Fiberglass composite frames are adopted in place of traditional comply with international testing standards IEC 61215 and IEC 61730. Products are
aluminum alloy frames, realizing a weight reduction of 10%-20% precisely tailored to diverse application scenarios: offshore PV modules feature enhanced
while enhancing structural stability and durability. Custom ultra-thin resistance against corrosion, UV and wind pressure; seismic-resistant modules have passed
glass solutions are developed for small-sized modules, not only the magnitude 9 seismic test and obtained the world's first certification of its kind; anti-dust
Highly
Lightweight reducing raw material consumption, but also improving light modules adopt optimized structural design to reduce sand and dust deposition. These
transmittance, indirectly boosting power generation efficiency. reliable improvements ensure stable operation even in extreme environments while lowering
customers' operation and maintenance costs.
Strict control is exercised over the environmental performance of
materials. Eco-friendly, non-toxic, harmless and recyclable materials Recycling considerations are integrated in product design. Module specifications and
are prioritized to avoid the introduction of hazardous chemicals. With structures comply with unified international standards, enabling standard and efficient
the adoption of clean production processes, products such as the disassembly. At present, 100% of aluminum frames can be disassembled for reprocessing.
Aurora Pro series achieve zero wastewater and exhaust emissions Meanwhile, the Company adopts renewable materials such as recyclable aluminum frames,
throughout manufacturing, causing no pollution to the surrounding glass, paper packaging and wooden pallets, establishing a resource circular system of
Harmless environment. Thanks to an optimized weather resistance design, the Recyclable "design – production – recycling" and enhancing sustainability across the industrial chain.
service life of products is extended, fundamentally reducing waste
generation across the full lifecycle and lowering environmental impacts.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
The Company reduces energy consumption through innovative core technologies. Innovative application of
With the adoption of 0BB technology, the main grid electrodes on the cell surface
are eliminated, and finer welding ribbons are used to connect directly with the fine
environment-friendly materials
grid lines, significantly cutting metal resource consumption. Supported by optimized
enveloping processes such as dispensing and laminating, film weight is reduced, During product packaging and module structure design, the Company continuously promotes the
Energy-effi- innovative R&D and large-scale application of environmental-friendly materials, reducing the carbon
further cutting resource consumption in production. Meanwhile, structural optimiza-
cient and footprints of products throughout their lifecycle through raw material selection and structure design, and
tions of modules, such as anti-dust frame design, minimize energy loss during
environ-
operation. All these efforts enable energy conservation and environmental protection achieving the green development goals of resource conservation, recycling and disassembly. To date,
ment-friendly
at both production and application stages. the Company has established mature application solutions and put them into production in two major
areas: honeycomb carton packaging and steel frame modules.
Honeycomb carton packaging
The packaging features a sandwich structure with a honeycomb core (regular hexagonal paper core)
placed between surface papers. Compared with traditional corrugated boxes, it reduces paper
consumption and effectively lowers the weight of packaged products. All packaging materials are
recyclable paper, enabling 100% recovery and reuse after use, which perfectly aligns with the concept
of green packaging.
recovery and reuse after use
Steel frame modules
Compared with traditional aluminum alloy frames, steel frames consume much less energy and generate
far lower carbon emissions during production, better meeting low-carbon manufacturing requirements.
They also deliver superior load-bearing performance and have successfully passed the 7200Pa/3600Pa
load capacity test, satisfying the stringent load demands of ultra-large-format modules using 210mm
solar cells. At the recycling stage, the energy consumption of recycled steel is only one-tenth that
required for primary steel production. With a steel recovery rate of over 90% and a mature industrial
recycling system, the recycling efficiency and value of module frames are greatly improved.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Product lifecycle management
The Company has established a full-lifecycle
green management system covering product
production, application and disposal. While
prioritizing green production and application,
the Company also focuses on the environ-
Production
ment-friendly disposal and resource recycling
of PV products at the end of life. Scrapped
panels generated at the end of PV products'
lifecycle contain heavy metals such as lead
and tin, which may cause severe soil and
water pollution if disposed of improperly. Product lifecycle
Meanwhile, materials such as copper, silver management
and silicon in the panels are of high value as
they can be reused in PV product manufac-
turing, saving rare mineral resources and
Disposal
promoting a value-driven circular economy.
To achieve the professional and environment-friendly disposal of scrapped modules, the Company has signed an
in-depth cooperation agreement with PV Cycle in Europe. End-of-life PV modules will be collected and recycled
through hundreds of branches of PV Cycle across Europe, covering countries including Italy, France, Germany, UK,
Poland and Spain. The Company will further expand its service scope in the future, making the recycling of PV
products possible in more regions and truly realizing circular development and efficient utilization of resources.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Intellectual property management has long been a priority of EGING PV since its inception. The Company has built a comprehensive system
covering intellectual property creation, application, management and protection, and promoted the deep integration of the intellectual property
strategy with operation and R&D strategies, providing solid support for the implementation of core technologies, product innovation and upgrad-
ing, as well as market expansion. In 2025, the Company further refined its intellectual property management system, drove the development and
commercialization of high-value patents, and improved incentive and protection mechanisms. As a result, its overall competitiveness in intellectual
property and industry influence have been further enhanced.
Organizational and strategic Institutional building and
synergy standardization
The Company has established an intellectual property The Company continuously advances the standardization of
management structure, set up a dedicated intellectual intellectual property management, and has established a sound
property office staffed with multiple intellectual property institutional framework through years of development. The Company
engineers, directly led by the General Manager, and passed the certification of its intellectual property management
closely collaborating with various functional depart- system in 2013; was named as an Advanced Model Enterprise for
ments to ensure efficient intellectual property manage- Standard Intellectual Property Management of Jiangsu Province in
ment. In recent years, EGING PV has incorporated 2014; undertook the Enterprise Intellectual Property Strategy
intellectual property protection into the core scope of its Promotion Program of Jiangsu Province in 2015; and was selected
ESG work, realizing the coordinated advancement of for the High-Value Patent Cultivation Program of Jiangsu Province in
intellectual property management and the Company’s 2016. Through the development of a series of systems and the
overall strategy. A management framework featuring implementation of demonstration projects, the Company has
"senior management attention, dedicated personnel continuously optimized the lifecycle management processes and
responsibility, and full-staff participation" has taken standards for intellectual property that cover application, examina-
shape, ensuring that intellectual property management tion, grant, commercialization and protection, laying a solid
runs through the entire processes of R&D, production institutional foundation for the orderly progress of intellectual
and marketing. property management.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Industry-academia-research institute Intellectual property-related accolades
collaboration
For its outstanding performance in intellectual property management, cultivation and protection, the Company has won a number of
EGING PV actively fosters high-value patent cultivation platforms. In authoritative accolades, which demonstrates its leading position in the industry. These accolades include the "Jiangsu Province Key
ue Patent Cultivation of High-Efficiency Crystalline Silicon Cells and Enterprises for Changzhou Foreign Trade Patent Protection Action", "The First Batch of Enterprises for the Overseas Trademark Protection
Systems jointly with Hohai University, leveraging the latter's scientific Key List of Jiangsu Province", among others.
research resources and technological strengths to enhance patent
quality. Based on high-end research platforms such as the Interna-
tional Science and Technology Cooperation Base and the postdoctor-
al research station, the Company carries out international science and
technology cooperation projects and major scientific and technologi- Jiangsu Province Key Cultivation
National Intellectual Property
cal achievement commercialization projects, focusing on tackling the and Development of International
Advantage Enterprise
Famous Brand
key pain points of the PV industry, and providing sustained technical
support for the generation of high-value patents. Through collabora-
tive innovation with academia and research institutions, the Company The Fifth Batch of Enterprises for The First Batch of Enterprises for
has successfully transformed a number of research outcomes into Changzhou Foreign Trade Patent the Overseas Trademark Protection
Protection Action Key List of Jiangsu Province
patented technologies, achieving synergy between intellectual
property and industrial development.
Incentive and protection mechanisms
The Company has revised and implemented the Management
Measures for Intellectual Property Rewards, clarifying reward
standards for various stages including patent application, granting
and commercialization. It has significantly increased rewards for core
patents, and recorded patent achievements in employees' technical
and professional files as an important basis for the appointment and
promotion of technical positions, to fully motivate innovation enthusi-
asm among all staff. Mechanisms for patent invalidity warning,
infringement monitoring and dispute resolution have been in place,
Some patents of EGING PV Some certifications of EGING PV
comprehensively safeguarding the legitimate intellectual property
rights and interests of the Company.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Integrated management system
Taking digital and intelligent transformation as a core path to
high-quality development, EGING PV initiated the construc-
EGING PV steadily advances the upgrade of its
tion of its ERP system in 2016 and put forward an integrated
information systems. In 2024, the Company completed
MES+ERP management strategy in 2022, gradually
acceptance of its integrated intelligent manufacturing
integrating isolated systems into a single platform. In 2024,
system project, realizing seamless connection of three
the Company completed acceptance of its intelligent,
MES systems across three workshops. This marked that
integrated manufacturing system and was recognized as an
the Company's information infrastructure development
intelligent manufacturing factory in Jiangsu Province,
officially advanced from ERP 1.0 to ERP 2.0, with the
achieving a major breakthrough in digital construction. In
synergy efficiency of core management systems
improved substantially. During project implementation,
intelligent transformation, consolidating existing achieve-
the Company sorted and standardized more than 20
ments, further applying digital technologies in the entire
core business processes, including R&D work order
process of production, management and operation,
management, OEM product repurchase, quality
enhancing information-based and intelligent operations, and
inspection, and work order settlement within the same
empowering the upgrade of the entire PV manufacturing
month. The Company also applied modularized design
chain with digital and intelligent solutions.
to businesses lacking defined processes or clear
responsibilities, achieving the precision and transpar-
ency of business data and bolstering the foundation for
digital management at institutional and system levels.
In 2025, the Company continued to optimize and
implement the MES+ERP integrated management
system. The innovative dual-cost accounting model
delivered sustained benefits, enabling precise cost
control down to each module and each watt of power,
while supporting multi-dimensional and multi-level
analysis, control and warning for order costs, quotation
costs, etc. This provides core data support for refined
operation, cost reduction and efficiency improvement,
and helps integrate digital management deeply into the
entire operation process.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Intelligent factory and workshops
Intelligent factory Intelligent workshops
In June 2024, EGING PV was put onto the List of Certi?ed Intelligent Manufacturing
As the core vehicle for digital construction, the intelligent workshops have achieved the routine and stable
Factories of Jiangsu Province in 2024 as an "intelligent factory of PV cell modules", marking
application of various intelligent and digital functions, boosting production efficiency and management precision
that the Company ranks among the best in the intelligent PV manufacturing industry. Built on
across the board with prominent core capabilities.
an industrial internet platform, the intelligent factory comprehensively adopts data collection
and analysis technologies, and integrates information management systems for production,
operation and management stages, realizing the real-time, accurate and effective collection,
transmission and storage of data about raw materials, processes, production, equipment
and energy consumption.
Leveraging big data technology to explore deep production insights, optimal operating
conditions and robust control frameworks, the factory has built an intelligent management
system covering 10 phases and 24 application scenarios, including planning & scheduling,
production operations, warehousing & logistics, equipment management, quality control,
safety control and energy control. By enabling deep optimization across all layers of the
manufacturing system and excellence in full-process operations, the factory has continu-
ously played a demonstration role in high-end intelligent manufacturing.
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Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Full-scale networking of intelligent equipment
With an intelligent workshop equipment networking rate of more than
online management on data-collection-enabled equipment to track
equipment operation, fault alerts and maintenance status in real time,
effectively improving equipment utilization efficiency, and reducing
losses from unplanned downtime.
Intelligent management and control of energy consumption
Precise distribution of production materials
The MES system collects production energy consump-
Intelligent
tion data in real time, and summarizes and analyzes The WMS system realizes visual warehouse manage-
workshop
the data to generate visual reports, facilitating ment, and intelligently delivers workshop materials
managers to conduct trend analysis and comparative through AGV automatic equipment and information
analysis of energy consumption indicators, and timely technology. The AGV scheduling system plans optimal
tapping into energy-saving potential. Monitoring routes in real time based on material demands from the
equipment for temperature, humidity, and environmen- MES system. Leveraging both information technology
tal indicators are installed in workshops to upload the and barcode technology, the integrated systems achieve
data to the environmental monitoring system in real efficient, controllable and traceable management of the
time, realizing intelligent and visual management and entire logistics process.
control for safety and environmental protection.
Full-process traceability of production information Dynamic control of production process
The MES system establishes a unified coding system to ensure unique
The ERP system formulates standardized production plans, and synchro-
identification across all production stages. It enables accurate tracking
nously transmits production orders and monthly plans to the MES system.
of raw material sources, production procedures, equipment operations,
The MES system intelligently allocates production orders based on the
and quality inspection results at any stage of the entire production
number of work orders, personnel allocation, equipment capacity and
process, providing efficient data support for quality traceability and
material inventory, realizing real-time monitoring and dynamic adjustment
abnormality investigation.
of production progress, quality indicators and process parameters.
About the Report Responsibility Address About EGING PV Sustainable Development Management Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
In-depth integration of digital technologies Achievements in digital construction
EGING PV continuously advances the in-depth integration of digital technologies including With sustained technological investment and practical results delivery, the Company has been awarded
establishing a full-process intelligent production system. As a "national 5G factory", the Factory", the "Intelligent PV Pilot Demonstration Enterprise of the Ministry of Industry and Information
Company applies 5G technologies in scenario-based operations covering production, Technology", the "AA-Level Enterprise of Information Technology and Industrialization Integration", the
warehousing and logistics, as well as inspection and monitoring, delivering high-speed, "Intelligent Manufacturing Factory in Jiangsu Province", the "Intelligent Manufacturing Demonstration
stable network support for equipment networking, data transmission and remote control. AI Workshop in Jiangsu Province" and the "Five-Star Cloud Enterprise in Jiangsu Province". These acco-
visual inspection and digital traceability systems are deployed at production sites in lades demonstrate the Company's leading position and core strengths in the digital and intelligent
coordination with MES and ERP systems, achieving full-process digital control from raw transformation of the photovoltaic industry.
material receiving to finished product outgoing. This practice effectively enhances product
inspection efficiency, product yield and full-lifecycle quality traceability.
Intelligent Manufacturing
Digital technologies are integrated to embed innovative concepts in workshop technologi- National 5G Factory Factory in Jiangsu Province
cal reforms and corporate operation and management. This approach effectively optimizes
production processes, improves production efficiency, and reduces operating costs,
thereby achieving coordinated development between digital and intelligent technologies
and photovoltaic manufacturing. Intelligent PV Pilot Demonstra-
tion Enterprise of the Ministry of Five-Star Cloud Enterprise
Industry and Information in Jiangsu Province
Technology
Intelligent Manufacturing AA-Level Enterprise of
Demonstration Workshop in Information Technology and
Jiangsu Province Industrialization Integration
Empowered by digital and intelligent systems, the Company substantially improved the refined and
standardized management in production and operations, with higher product yield and manufacturing
efficiency, and reduced operating costs. The practical benefits of digital construction are fully realized,
injecting strong impetus into the Company's sustainable development.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Product Quality and Safety
Customer Service
Supply Chain Management
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Construction of quality Development of quality culture
management system
EGING PV integrates quality management requirements The Company attaches great importance to the development of
across the entire process of product R&D, manufacturing quality culture, and fosters a sound atmosphere where all employees
and after-sales service, and consistently maintains and value, participate in and assure quality through multi-dimensional
implements the standards of the ISO 9001:2015 quality measures, integrating quality culture into every aspect of daily work.
management system. The system comprehensively On the one hand, we organize systematic training for all employees
covers all business procedures from raw material on the ISO 9001 quality management system, the standards of
procurement, manufacturing to product delivery, International Electrotechnical Commission (IEC) and our internal
ensuring systematic, standardized and unified quality standards, enhancing their professional expertise in quality
management. In addition to its own system criteria, the management procedures, specifications and methods, as well as
Company strictly abides by the standards of International overall quality awareness across the workforce. On the other hand,
Electrotechnical Commission (IEC). For core products we deeply embed the philosophy that "quality is our lifeblood" into
including photovoltaic cells and modules, we have corporate values, converting quality control from institutional
formulated internal control standards higher than industry requirements into employees' conscious behavior.
norms. With these high-standard institutional regulations, To better implement the quality culture, the Company has launched
the Company elevates the quality control threshold, and the "Quality Improvement Initiative" to conduct targeted technical
consolidates the institutional foundation for stable research and process optimization, focusing on industry-wide quality
product quality. pain points. It has also established a full-employee quality point
The Company deeply embeds quality requirements into system to stimulate employees' initiative to engage in quality
all production and operational stages, building a full improvement activities, and encourage their active participation in
closed-loop management system spanning quality QC group activities. In 2025, we collected over 200 internal quality
prevention, in-process control and outcome traceability. improvement proposals, steadily fostering a quality culture in which
Specifically, we control raw material quality at the source, "everyone is a quality guardian". The Company has extended quality
strengthen in-process production control, and improve improvement practices from specialized departments to all business
post-delivery quality traceability, providing customers segments, embedding quality improvement ideas and initiatives in
with reliable, high-quality products and stable services. R&D, production, quality control and other operational stages.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Daily quality management
In daily quality control, EGING PV deeply integrates standardized procedures with intelligent control in line with the "Three Strict" management Laboratory development
principles, achieving refined and regular quality management from the source of supply chains to production process.
EGING PV established a module testing laboratory on May
photovoltaic products, the laboratory conducts full-process
tests on module raw materials and finished photovoltaic
modules. With professional testing capabilities and
technical expertise, it provides core technical support for
product quality control and serves as a critical verification
platform for product quality across the Company. Equipped
with over 100 professional testing devices and instruments,
the laboratory delivers comprehensive testing capacity
covering 20 major test items and 96 minor test items,
including module IV test, module reliability test, new
material introduction test, and sampling inspection for
ordered products.
In October 2011, the laboratory was granted the national
laboratory accreditation certificate by China National
Accreditation Service for Conformity Assessment, marking
that its testing capabilities fully comply with ISO/IEC 17025
Strict supplier access Stringent production process Rigorous Testing and Verification
and CNAS-CL01 requirements. Meanwhile, it acts as a
TDAP laboratory of VDE Testing and Certification Institute
The intelligent supply chain Automated testing equipment is deployed in Our professional testing and verification
as well as a TMP witness laboratory of T?V Rheinland.
management system is adopted to production to collect real-time data and center conducts multi-dimensional and
Equipped with 3A+ class simulators, the laboratory
conduct dynamic assessment and release abnormality warnings for key full- scenario tests for all products.
obtained a "Satisfactory" rating in key optoelectronic
full-lifecycle management of procedures such as cell welding and junction Performance tests are carried out based
performance proficiency testing for photovoltaic modules,
suppliers, and select high-quality box welding. It also identifies and resolves on simulated application scenarios to
with its testing scope fully covering reliability tests specified
suppliers at the source, ensuring that potential quality risks in a timely manner, ensure delivered products meet quality
in core international standards including IEC 61215, IEC
IEC reliability test. This guarantees of quality issues in critical procedures, and non-conforming products from entering
the stability of raw material quality, reduces production quality deviations, the market, and guarantee consistent
and avoids quality risks from the achieving precise control over the entire product quality in compliance with
source of supply chains. production process. specification requirements.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Product safety and reliability management Digital quality management upgrades
EGING PV has established a product safety and Analysis (PFMEA) and quality control plans, realizing To adapt to the high-quality development trend of the photovoltaic industry, EGING PV
reliability assurance system across multiple dimensions proactive prevention and control of product quality risks. actively boosts the digital and intelligent transformation of quality management. With
such as testing specifications, procedure control, and Quality hazards are mitigated from both design and advanced technical means, the Company enhances the efficiency and accuracy of quality
R&D design. The Company has developed a complete production perspectives, effectively reducing and eliminat- control, realizes AI-driven intelligent innovation in quality management, and builds a digital
management system and supporting documents for ing quality risks in R&D and manufacturing. Meanwhile, all quality management and control system.
laboratory reliability testing, including the Management R&D projects strictly comply with the IEC 62941 standard
Rules for Laboratory Testing Procedures, to standard- for standardized management, safeguarding product safety
ize testing procedures at the institutional level, ensuring and reliability at the source of R&D activities. Full coverage of AI visual inspection
the accuracy and authoritativeness of testing results. In
The visual inspection system based on deep learning algorithms is fully deployed
terms of product reliability management, all product We always uphold the technical and quality philosophy of
across production lines to conduct automated, high-precision inspections of cell
tests strictly comply with international standards IEC "technological innovation as the soul, product reliability as
strings, module EL, and junction box welding quality, keeping the product inspection
omission rate below 0.02%. In place of the subjective and limited manual inspection,
performance meets the professional criteria of the full set of stringent performance verification tests covering
the system boasts unified inspection standards and precise test results, greatly
International Electrotechnical Commission (IEC). environmental adaptability, mechanical properties,
enhancing overall inspection efficiency and accuracy.
optoelectronic performance and other key dimensions.
Throughout the entire process of product R&D and These multi-dimensional and full-scenario tests ensure
mass production, the Company optimizes product excellent product reliability. Boasting industry-leading
design schemes with Design Failure Mode and Effects technology, we secure sustained customer trust with
Analysis (DFMEA), and monitors production proce- consistent, stable product quality.
Intelligent production equipment monitoring
dures through Process Failure Modes and Effects
The MES system conducts real-time monitoring of all key production equipment across
production lines. It features the early warning function for critical quality indicators to
capture abnormal production data instantly and push early warning notifications. This
allows for early identification and timely resolution of quality risks, and effectively lowers
the rework rate of key procedures such as cell stringing and lamination, enhancing
quality control efficiency in production. In addition, the system facilitates sustained
optimization and overall improvement of product yield, delivering coordinated progress
in both quality and production efficiency.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Product traceability
management
Production traceability
EGING PV has established a full-lifecycle quality
traceability mechanism covering product design,
raw material procurement, manufacturing, delivery, Production plan Digital traceability monitoring Product packing and warehousing
and operation and maintenance. Leveraging digital
technologies, the Company connects quality data Standardized production plans and The MES system conducts real-time monitoring The MES system accurately records
chains across the entire product lifecycle, making production instructions are of all production procedures, uploads collected product carton code information,
quality data at all stages interconnected, retrievable formulated through the ERP system production data to the database in real time, and including outgoing data, outgoing
and traceable. Under the digital traceability system, to define production processes and fully records and tracks product information at all types, and product grades, and
we collect, record and analyze full-process procedural requirements. Produc- production stages, achieving full-process conducts real-time statistics on
production data to achieve comprehensive tion instructions are digitally monitoring and traceability of product quality. outgoing status of each batch of
monitoring, accurate tracking and rapid backtrack- transmitted to the MES system, Meanwhile, it monitors equipment status, products. It achieves traceable
ing of raw materials, production processes, achieving efficient delivery and production progress, quality indicators, process product flow from production
after-sales services and other key stages. accurate execution. This prevents parameters and energy consumption data, and workshops to the market end, and
quality issues caused by non-stan- adjusts production strategies and process accurately captures product logistics
dard procedures, and ensures parameters in a timely manner. In this way, each and delivery information, providing
standardized production proce- production stage is backed by data records, complete data support for product
Raw material and OEM processing dures. standardized specifications and abnormality flow traceability.
traceability traceability, making production procedures
stable and reliable.
Before raw materials are put into production, their
unique identification and detailed records are After-sales product traceability
assigned via barcodes, RFID and other technical
means. Key information such as batch informa- Upon receiving customer complaints or product issue reports, the Company promptly records
tion, production time and supplier qualifications relevant information such as product model, purchase date and issue description. Based on the
is precisely retained, ensuring the quality product's unique identification code or batch data, we quickly retrieve full-process production
traceability of each batch of raw materials. This data to accurately locate problematic production stages. In-depth analysis is conducted on
consolidates quality control at the front end of problematic stages to summarize lessons, and improvement measures are applied to product
the supply chain, and realizes traceable design, production procedures and after-sales services, forming a closed-loop management
sourcing of raw materials. system for quality improvement. Through continuous rectification and process optimization, we
steadily enhance product quality, and strengthen customer trust in our products.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
EGING PV always prioritizes customer demand at its core. Through years of
on-site practice, the Company has established mature after-sales service
mechanisms and procedures, securing outstanding after-sales service
strengths in the competitive photovoltaic market, particularly in proactivity and
timeliness of issue resolutions. In 2025, we maintained the five-star certification
under the Evaluation System After-sales Service of Commodity (GB/T
supremacy, management focus, continuous improvement", the Company
delivers full-lifecycle after-sales service support for solar modules, earning wide
recognition from global clients with professional and high-efficiency services. In
with per capita business trip days exceeding 150. With regard to service
performance, the overall customer satisfaction score reached 96%.
The after-sales team completes nearly Establishment of after-sales service system
after-sales service management system across all departments. The After-Sales Service Department, as a core executive
body, undertakes full-process after-sales tasks including module arrival acceptance, inspection, on-site maintenance,
Per capita business trip days exceeds
technical disclosure and liability confirmation for complaints. To further standardize after-sales service management, the
document for after-sales tasks, the manual clarifies service procedures, responsibility allocation, work specifications,
management rules and maintenance plans, providing solid institutional support for the standardized and regulated delivery of
after-sales services.
Customer satisfaction
experience in the photovoltaic industry, with an in-depth insight into product features and maintenance procedures. Profes-
sional after-sales managers are appointed to conduct daily management and guidance, providing a solid foundation for
professional and efficient after-sales services as well as regular on-site technical support.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Customer relationship management
After-sales service
guarantee EGING PV has established comprehensive The Company regards customer satisfaction as the core criterion for
customer opinion collection and complaint service performance. Adhering to the principle of active follow-up visits, it
handling mechanisms. The Company gathers regularly conducts quality and customer return visits to track and
EGING PV has developed a "24/7/365 seamless after-sales customer feedback on products and services investigate service processes and outcomes, with a timely insight into
service" system, as well as a three-in-one technical support through multiple channels, including satisfaction customer demand and service experience. Meanwhile, we regularly
and service response system covering telephone, remote questionnaires, customer complaint hotlines, collect and summarize data such as sales performance, customer
and on-site services. In addition, the Company operates an suggestion boxes and consultation letters. The opinions and employee suggestions for qualitative and quantitative
after-sales service hotline and dedicated service email to After-Sales Service Department assigns dedicated analysis. In response to customer feedback, timely corrective and
ensure 24-hour response. For customer emergencies, we personnel to coordinate and handle customer preventive measures are formulated to continuously optimize service
provide remote technical support via the internet. For on-site complaints. After review and approval by relevant procedures and improve service practices. This drives steady improve-
matters, professional personnel are dispatched to the site responsible leaders, we promptly deliver the ments in product and service quality, and further deepens long-term
within the agreed time to ensure timely and efficient handling results to customers, ensuring proper partnerships with customers.
resolution. settlement of all complaints.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Supply chain Full-lifecycle supplier management
management In accordance with the Supplier Management Control Procedures and the New Material Introduction Control Procedures, the Company has established scientific
and standardized full-lifecycle supplier control procedures. We conduct dynamic supplier rating through a supply chain management system, achieving refined
EGING PV commits to building a green,
supplier management from onboarding to exit.
compliant and sustainable supply chain system,
and implements full-lifecycle management for
suppliers in a scientific and effective manage-
ment mode covering supplier onboarding,
Standardized onboarding procedures
assessment, review and exit. In 2024, the
Company was included on the official list of The supplier onboarding strictly follows the procedures of "procurement application, technical review, sample Newly onboarded
"Green Supply Chain Management Enterprises" submission, on-site review, sample testing, and inclusion in the qualified supplier list for trial production". suppliers
issued by the Ministry of Industry and Informa- Multi-layer screening ensures that newly onboarded suppliers meet the Company's production and operational
tion Technology. In 2025, we further embedded requirements in terms of overall competence. In 2025, a total of 18 new suppliers were onboarded.
the concept of green supply chain management
throughout procurement, production, logistics
and other key stages of industrial chains in
compliance with state-level standards for "Green Multi-dimensional supplier performance assessment
Supply Chain Management Enterprises". In
addition, we promoted collaborative develop- The Company has established combined quarterly and annual supplier performance assessment mechanisms. We conduct comprehensive
ment across upstream and downstream supply scoring for suppliers across 15 indicators covering four major dimensions, namely quality, delivery, trade security and services, and classify
chains, and strengthened supplier oversight in suppliers into three grades based on final scores: Grade A (90-100 points), Grade B (70-89 points) and Grade C (<70 points). Accordingly,
quality, environmental protection and social we implement differentiated procurement strategies; that is, increased procurement shares for Grade A suppliers, stable procurement scale
responsibility, fostering high-quality and for Grade B suppliers, and targeted rectification requirements for Grade C suppliers.
sustainable development of supply chains.
Strict exit mechanism
The Company suspends procurement from suppliers rated Grade C for two consecutive quarters, and requires them to take rectification
measures within a specified period. Those that still fail to meet standards after rectification are disqualified as suppliers, except for special
circumstances involving customer-designated or exclusive supply arrangements. Suppliers with major non-compliance issues are directly
blacklisted to mitigate supply chain quality, compliance and other potential risks at the source.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Supplier review and assessment
EGING PV conducts comprehensive supplier reviews and assessments in all dimensions to fully control suppliers' comprehensive capabilities,
ensuring their compliance and stability across upstream and downstream supply chains. In 2025, the Company reviewed 31 suppliers, including
Suppliers reviewed Regular suppliers Newly onboarded suppliers Review completion rate
Comprehensive capability review Social responsibility assessment Environmental compliance assessment
Based on the Supplier Management and Control Based on the Social Responsibility Management Procedures for In 2025, the Company conducted a special environmental compli-
Procedures and the On-site Assessment Form for Suppliers, the On-site Social Responsibility Checklist for Suppliers ance assessment covering 31 suppliers, focusing on the formulation
Suppliers, the Company conducts comprehen- and other systems, the Company conducts social responsibility and implementation of their hazardous substance management
sive supplier reviews covering 58 indicators reviews for suppliers against 13 indicators, including remuneration, procedures, ensuring the suppliers comply with government
across 13 major categories, including quality working hours, working conditions, child labor/underage employees, environmental regulations and the Company's customer require-
management system requirements, document and occupational safety and health. We carry out mandatory social ments. According to the assessment results, all suppliers met local
and record control, safety and environmental responsibility assessments for newly onboarded suppliers, and environmental protection standards, with their products passing
protection, contract review, and training and require them to make social responsibility commitments. Suppliers RoHS/REACH tests, and 24 suppliers obtained the ISO 14001
education. We provide support to the rectification with good social responsibility performance are granted procure- Environmental Management System certification, achieving a 100%
of all identified non-conformities, with a 100% ment priority. In 2025, a total of five social responsibility reviews were compliance rate in this review.
rectification completion rate. completed, with a 100% compliance rate in this review.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation
Corporate Governance Environmental Management Work Safety Management Human Resource Management Appendix
Compliant supplier management
Commitment letter signing mechanism
EGING PV continuously strengthens supplier supervision, and defines compliant
operation requirements by signing various documents for codes of conduct with
suppliers. In 2025, all 31 reviewed suppliers signed the Trade Security Notification
Letter, the Guarantee Letter on Non-use and Prohibition of Hazardous Substances,
and the Statement Letter on Excessive Hazardous Substance Content. Furthermore,
five suppliers under social responsibility review additionally signed the Anti-bribery
Commitment Letter for Suppliers and the Social Responsibility Commitment Letter,
achieving full coverage of supplier compliance commitments. According to the Social
Responsibility Commitment Letter, suppliers are required to abide by local labor laws
and regulations, prohibit child labor and forced labor, provide safe and healthy
working environments, advance labor-management cooperation, eliminate discrimi-
nations, and arrange rational working hours, salaries and benefits, accept on-site
social responsibility review from the Company, and promptly implement corrective Development of green supply chains
and remedial measures for any non-compliant issues.
As a state-level green supply chain management enterprise, EGING PV continues to deepen its green supply chain
management strategy, and integrate the concept of green development into all supply chain processes of procurement,
Strict control of conflict minerals design, production and logistics, achieving further optimization and upgrades in addition to the achievements made in
The Company always adheres to avoiding the use of conflict minerals. We require and a high environmental compliance level to guarantee the green attributes of raw materials. During manufacturing, we
cooperative suppliers to sign the Commitment Statement on Compliance with adopt lean production modes to optimize production workflows, and reduce resource waste and environmental impacts
Non-Use of Conflict Minerals, which clearly prohibits the use of metals sourced from throughout production. With respect to product design, the Company actively promotes ecological design, so that
areas controlled by armed forces in the Democratic Republic of the Congo (DRC) products deliver high performance, while facilitating recycling and reuse. Regarding sales and logistics, we continuous-
and its surrounding countries in products or components delivered by suppliers. ly optimize logistics and distribution plans to lower carbon emissions during transportation.
Additionally, we also require suppliers to establish a raw material traceability
management system to effectively identify the sources of raw material metals, Meanwhile, the Company steadily improves its green information platform and green information disclosure. We call on
eliminate the use of conflict minerals, accept audits by stakeholders, and truthfully partners across upstream and downstream supply chains to jointly comply with green development requirements and
provide relevant investigation data on conflict minerals. These measures ensure the build an environmentally friendly, resource-efficient and sustainable photovoltaic supply chain system, advancing the
legality and compliance of the sources of raw materials in supply chains, and fulfills industry's carbon peaking and carbon neutrality goals through green supply chain development.
social responsibility at the source of supply chains.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
Corporate Governance System
Internal Control and Risk Management
Internal Audit
Business Ethics and Integrity Building
Information Security Management
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
In strict compliance with applicable laws, regulations and regulatory requirements, including the Company
Law of the People's Republic of China (hereinafter referred to as the Company Law), the Guidelines on the
Governance for Listed Companies, and the Guidelines No. 1 of Shanghai Stock Exchange for Self-Regu-
lation of Listed Companies—Standard Operation, EGING PV has established a modern corporate
governance system to optimize institutional arrangements and standardize procedures, ensuring scientific
decision-making, compliant operation and full protection of shareholders' rights and interests.
Optimized governance structure of the
listed company
Core structure
In response to the core requirements of the Company Law, the Company has abolished the original Board
of Supervisors, and transferred the latter's statutory powers such as financial inspection and duty
fulfillment supervision to the Audit Committee of the Board of Directors. A governance structure consisting
of "shareholders' meeting, the Board of Directors, special committees of the Board of Directors, and senior
executives" has been established to streamline redundant procedures, and improve supervision and
decision-making efficiency. Relevant structural adjustments have been reviewed and approved by the
shareholders' meeting. The amended Articles of Association have been filed and disclosed on the
Shanghai Stock Exchange, ensuring the compliance and legitimacy of the governance transformation.
Special committees
The Board of Directors has set up four special committees, namely the Strategic Development and ESG
Committee, the Audit Committee, the Nomination Committee and the Remuneration and Assessment
Committee. The working rules of each committee revised in August 2025 have been disclosed on the
official website of the Shanghai Stock Exchange to clarify duty boundaries, meeting rules and decision?-
making procedures, facilitating "professional deliberation on specialized matters".
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Environmental Management Work Safety Management Human Resource Management Appendix
The Audit Committee mainly undertakes core functions such as financial Meeting resolutions
report review, supervision of internal and external audit institutions,
verification of the fairness of related party transactions, and supervision In 2025, the Company convened various meetings in strict compliance with the rules of the Shanghai Stock
of raised funds utilization. It submits special supervision reports to the Exchange. A total of five shareholders' meetings were held to deliberate on major matters including the
Board of Directors on a quarterly basis, and conducts special assess- amendment of the Company's Articles of Association, the reappointment of financial and internal control
ments on internal control effectiveness and audit institution performance audit institutions, and director remuneration. Six meetings of the Board of Directors were convened to
Audit Committee
on an annual basis, ensuring the Company's financial compliance and discuss key topics such as the election of the Chairman of the Board of Directors, the appointment of
asset security. members of special committees, and the remuneration of senior executives. Special committees held eight
meetings in total to review the formulation of corporate development strategies and annual business plans,
financial matters, as well as remuneration schemes for directors and senior executives. All meeting minutes
The Strategy Development and ESG Committee focuses on formulating are completely filed, with relevant resolution announcements duly disclosed on the Shanghai Stock
the Company's long-term development strategy and conducting Exchange. Shareholders' meetings adopt a combined voting mode of online and on-site participation.
feasibility studies on major investment projects. It coordinates ESG Voting opinions of minority shareholders are separately counted and publicly announced, fully safeguard-
strategic planning and the decomposition of annual objectives, ing shareholders' right to participation and right to information.
Strategy Development integrating the concept of sustainable development into core business
and ESG Committee decision-making.
The Nomination Committee has established a standardized selection Shareholders' Meetings of the Meetings of special
mechanism for directors and senior executives. It assesses candidates meetings Board of Directors committees
Nomination
from multiple dimensions such as professional qualifications, industry
experience and independence, aligning the core management team 5 6 8 次
with the Company's development strategy.
Committee
The Remuneration and Assessment Committee formulates remunera-
tion policies for directors and senior executives in alignment with the
Company's performance and industry benchmarks. It has built an
assessment system centered on "operational performance, compliant
Remuneration and duty fulfillment and risk control", realizing a balance between incentives
Assessment Committee and restraints.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
Construction of the Board Information disclosure and investor relations
of Directors
Guided by the principles of "business adaptability, supervisory Information disclosure
checks and balances, and complementary expertise", EGING
The Company has formulated the Information Disclosure Management System, clarifying the Information disclosures
PV has built a diversified board structure. Board members boast
responsibility boundaries of information disclosure obligors and disclosure procedures. In 2025,
professional backgrounds covering core fields such as law,
we completed a total of 142 information disclosures on the Shanghai Stock Exchange, including
finance and professional technology, delivering comprehensive
announcements, internal systems and official documents, with no false records, misleading
professional support for the Company's strategic decision-mak-
statements or material omissions.
ing, financial compliance and efficient operation. The proportion
of independent directors complies with the requirements of the
Management Measures for Independent Directors, with full Investor Relations
Investor questions
independence of all independent directors. During the Reporting
The Company has established a multi-dimensional communication mechanism covering "SSE responded
Period, they provided professional and objective suggestions for
E-interactive platform, earnings conference and daily communication". In 2025, we held one
the Company's operation and development, exercising effective
earnings conference, and responded to 28 investor questions via the SSE E-interactive platform.
checks and balances on internal management, and safeguard-
All relevant communication records are retained on the SSE E-interactive platform, effectively
ing the legitimate rights and interests of minority shareholders.
protecting investors' right to information and right of communication.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
Control activities
For core functional departments, standardized internal control procedures are formulated to achieve in-depth
integration of business processes and internal control requirements.
In strict accordance with the requirements of laws and regulations including the Basic Standards for
Enterprise Internal Control, the Guidelines for Internal Control of Listed Companies, and the Company
Law, EGING PV has established a full-process internal control and risk management system, with the
A closed-loop process from supplier access assessment, procurement demand
core objectives of "compliance first, controllable risks and efficient operation". Standardized systems,
approval, order execution monitoring, to acceptance inspection and payment review is
process-based control and dynamic monitoring deliver solid assurance for the Company's stable and Procurement
management established to clarify key review points and authority of each department, ensuring
sustainable operation. compliant procurement activities and controllable costs.
Establishment of internal control system Internal control standards are formulated for key stages such as production planning,
process control, quality inspection, and safety management. Daily operations are
Centering on core elements including control environment, control activities, information and communica-
Production standardized through process sheets and system verification to prevent production
tion, and internal supervision, the Company has built an internal control structure that covers all functional and operation
deviations and safety risks.
departments horizontally and extends from the decision-making level to the execution level vertically.
Financial workflows including accounting, capital payment and financial statement
preparation are standardized. Large-sum capital payment is subject to multi-level
approval and cross review. Financial statement preparation follows three-level review
Information Financial
Control Control and Internal management procedures of drafting, review and final approval, ensuring the authenticity and
environment activities communication supervision
accuracy of financial data.
For major investments, engineering projects and other material matters, a full-process
internal control system covering project initiation demonstration, decision approval,
Control environment Investment and implementation monitoring, and acceptance review is established to prevent
project
management investment errors and project risks.
Internal control and compliance are incorporated into the core content of corporate culture. The Audit
Committee of the Board of Directors leads the design, assessment and optimization of the internal
control system, clarifying the division of internal control responsibilities among the decision-making,
The acquisition, custody, utilization and disposal of fixed assets, inventory and
management and execution levels. A mechanism of qualification review, regular job rotation and
intangible assets are standardized in asset management. Regular asset inventory
departure audit is implemented for key positions to ensure independence and professionalism in job Asset
management counts are conducted to ensure the security and integrity of corporate assets.
performance. An internal control accountability system is established to include the implementation of
internal control in the performance assessment of departments and individuals.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
Information and communication Full-cycle risk management mechanism
An internal information sharing platform for internal control is
A risk identification mechanism featuring "full employee participation and multi-level collaboration" is established to
established to realize online circulation of internal control cover core internal and external risks. External risks focus on changes in policies and regulations, adjustments to
Risk
procedures, automatic early warning at key nodes, and real-time identification the market competition landscape, macroeconomic fluctuations and supply chain stability. Internal risks center on
exchanges of business data. Employee feedback, inter-depart- financial, operational, compliance and fraud risks, as well as key resource loss.
mental coordination and cross-level information transmission
mechanisms are built to ensure top-down and bottom-up
transmission of internal control deficiencies and improvement
suggestions, fostering an internal control improvement atmo- A combined approach of qualitative analysis and quantitative assessment is adopted to evaluate the likelihood
sphere with full employee participation. and impact extend of risk occurrence, and classify risk levels. Unscheduled special risk assessments are
Risk
assessment conducted for high-risk areas to dynamically update the risk list, ensuring comprehensive risk identification with
no omissions.
Internal supervision
Differentiated response strategies are formulated for risks at varying levels to build a full-process control system
Under a supervision system of "daily self-inspection, special
covering early warning, response and disposal.
supervision, and annual assessment", all functional departments
For high-risk matters, a dedicated control mechanism is set up for proactive prevention and control through
conduct regular self-inspections for internal control to promptly Risk
response institutional constraints, process optimization and resource support. Meanwhile, emergency plans and regular
identify and rectify implementation deviations. The Internal Audit emergency drills are deployed to enhance risk disposal capabilities.
Department conducts special supervision for high-risk functions For medium and low-risk matters, regular standardized management is carried out through indicator monitoring,
on a quarterly basis, focusing on the effectiveness of internal regular inspections and process optimization to maintain risks within acceptable limits.
control implementation. In collaboration with external audit
institutions, it carries out an annual comprehensive assessment
of internal control effectiveness, with assessment results
A risk monitoring platform is built with defined key risk indicators to track their changing trends in real time. Early
disclosed externally after review by the Audit Committee.
warning thresholds are set for core indicators, with early warning information automatically dispatched to relevant
Identified internal control deficiencies are graded for classified
Risk departments and the management team once thresholds are triggered. Relevant departments provide feedback
management, and a rectification ledger is established to clarify monitoring on risk causes and response measures within a specified time limit, forming a dynamic closed-loop management
responsible entities, corrective measures and completion covering early warning, analysis, disposal and feedback. Regular risk management reports are compiled to
deadlines. Upon completion of rectification, follow-up verification summarize monitoring status, response outcomes and hidden dangers, and submitted to the Audit Committee of
is performed for closed-loop management. the Board of Directors for review, providing decision-making support for the optimization of risk control strategies.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
Internal Audit Internal audit organization and duties
Organizational structure and independence assurance
As an independent supervisory body, the Internal
Audit Department reports directly to the Audit The Internal Audit Department is independent of the operation and management system. Its person-in-charge is nominated and appointed by
Committee of the Board of Directors. It upholds the Audit Committee of the Board of Directors, with compensation and performance assessment free from the intervention of the management
the principles of "independence, objectivity and team. Audit funds are allocated separately to free audit work from resource constraints. Auditors boast multidisciplinary professional back-
impartiality", and focuses on risk-oriented audits grounds including finance, auditing, law, and management, and regularly participate in professional training and qualification certifications to
in key areas such as internal control implementa- continuously improve their professional capabilities.
tion, compliant operation and asset security,
playing a role in supervision, assurance and risk
early warning.
Internal audit work
Based on risk assessment results, the Internal Audit Department formulates the annual audit plan, focusing on the
following key tasks:
Internal control effectiveness audit
The internal control effectiveness audit covers core
functional processes such as procurement, produc-
tion, finance, investment and human resources. By
reviewing institutional documents, interviewing
relevant personnel, sampling business documents
and testing process execution, the department
evaluates the rationality of internal control design and
the implementation effectiveness, focuses on
identifying internal control deviations in high-risk
processes, and compiles special audit reports to
clarify deficiency levels and rectification requirements.
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Environmental Management Work Safety Management Human Resource Management Appendix
Special-purpose audits
Major Investment And Engineering Project Audit
Full-process audits are conducted on project approval, fund utilization, implementation progress and
compliance of major investment and engineering projects to identify deficiencies in decision-making
procedures, fund misappropriation, and schedule delays, ensuring standardized project operation.
Related party transaction audit
The related party transaction audit is conducted to verify the completeness of related party identifica-
tion, the fairness of transaction pricing and the compliance of decision-making procedures to prevent
disguised related party transactions, improper benefit transfer, and other risks.
Raised funds utilization audit
The custody, utilization and management of raised funds are tracked to verify whether such funds are
used strictly in line with approved fundraising purposes, and to detect illegal lending or misappropria-
tion, ensuring exclusive fund use for designated purposes.
Financial audit
Financial revenues and expenditures, accounting practices, and financial statement preparation are
audited to verify the authenticity and compliance of financial data, and identify financial fraud risks.
Integrity and fraud audit
Regular audits are conducted in high-risk integrity areas such as procurement, bidding and sales to
identify fraud clues. Reported clues are reviewed in accordance with standardized procedures to
ensure timely disposal of violations.
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Environmental Management Work Safety Management Human Resource Management Appendix
Establishment of business ethics system
Business Ethics and Core systems such as the Code of Business Ethics and the Management Measures for Employees' Integrity Practice in Employ-
ment are established to clarify the code of conduct for all employees:
Integrity Building
Integrity-based operation Respect for intellectual property rights
Adhering to the business ethics of "good faith and Upholding the principle of good faith and trustworthiness, the The Company respects the intellectual property rights of itself
compliance, integrity and self-discipline, and fair Company refrains from providing false information or and others, and prohibits any infringements of legitimate rights
competition", EGING PV integrates business ethics misleading publicity, ensuring true and credible commit- and interests such as others' patents, trademarks and trade
into its corporate culture and management systems, ments on products and services. Its financial reporting and secrets. We have established a confidentiality management
and fosters a clean and upright business environ- information disclosure strictly follow the requirements of system for trade secrets and core information to standardize
ment through institutional constraints, cultural "truthfulness, accuracy, completeness and timeliness", with information transmission and use procedures.
cultivation, and supervision guarantees. no concealment of major matters.
Fair competition Conflict-of-interest management
In strict accordance with the Anti-Unfair Competition Law The Company has established a conflict-of-interest declaration
and the Anti-Monopoly Law, the Company upholds the system. Employees shall proactively declare any matters that may
competition philosophy of winning the market through result in conflicts of interest with the Company's business, including
quality, service and innovation, and prohibits commercial investments, employment and business cooperation of themselves
slander, false publicity and improper competition. We have and their relatives. It is strictly prohibited for employees to take
not entered into any monopolistic agreements with advantage of their job positions to seek improper benefits for
competitors or abused our dominant market position. themselves or others.
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Environmental Management Work Safety Management Human Resource Management Appendix
Integrity building initiatives
Institutional guarantee for integrity Integrity culture development Supervision and reporting mechanism
Integrity commitment mechanism: All employ- Cultural promotion: The concept of integrity Diversified supervision network: In a system of "internal audit supervision, collaborative
ees sign the Integrity Commitment Letter upon practices and the code of conduct are supervision by functional departments, and full-employee supervision", the Internal Audit
onboarding to clarifying their accountability for promoted through internal bulletin boards, office Department conducts regular integrity audits, functional departments implement daily
integrity practices. The Company enters into the systems, cultural activities and other channels. integrity management, and employees are encouraged to participate in integrity supervision.
Anti-Commercial Bribery Agreement with suppliers Annual themed activities on "Integrity Culture
and partners to embed integrity requirements into Development" are organized to create a cultural Unblocked reporting channels: Reporting channels of "telephone, email, and address" are
core cooperation clauses, define mutual integrity atmosphere of "honorable integrity, shameful set up to clarify reporting methods and pathways, ensuring the convenience of reporting.
obligations, and strictly prohibit commercial bribery, violations" through case sharing, thematic
improper benefit transfer, and other violations. seminars and knowledge popularization.
Integrity access and assessment: Suppliers and Positive incentives: Honorary titles such as Repor ting telephone:
business partners are required to submit the Integrity "Integrity Pioneer" and "Compliance Model" 86-519-82588805
Practice Statement during the access review are granted to employees who practice
process. With integrity performance as a key integrity and proactively prevent violation
dimension in the annual cooperation assessment, the risks, thereby playing a typical exemplary role. Repor ting email:
Company promptly terminates cooperation with any Egingjubao@egingpv.com
partners involved in irregular or corrupt conduct.
Repor ting address:
Internal Control and Audit Department, 8th Floor, Administrative Building,
No. 18 Jinwu Road, Yaotang Town, Jintan District, Changzhou
Whistleblower protection and incentives: The whistleblower's information is strictly
protected, and any form of retaliation is prohibited. Corresponding rewards will be granted to
whistleblowers whose clues are verified to be true and who help the Company avoid losses or
prevent major risks. The mechanism of "designated principal, time-limited verification, and
timely feedback" is implemented to protect the legitimate rights and interests as well as the
right to know of whistleblowers.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Environmental Management Work Safety Management Human Resource Management Appendix
Information Security Management
In strict compliance with the Cybersecurity Law, the Data Security Law, the Personal Information Protection Law, and the ISO 27001:2022 international standard, EGING PV has built a three-level management structure
of "system guidance, domain-based control, and emergency response". Focusing on six core dimensions, the Company fully safeguards the security of information assets and the legitimate rights and interests of
relevant stakeholders through institutional and technical measures.
Guidelines and goals Full-scenario security control
Permission and account security
Core guidelines: Guided by the principles of "data security, privacy Full-process closed-loop management:
Role-based Permission Division: Permissions for
protection, and compliant operation", the Company integrates Employees submit the Information System Account
management roles cover system configuration and full-data
security requirements into the full lifecycle of information assets to and Permission Application Form via the OA system,
management. Business roles are granted the "least
achieve the core objectives of "leakage, tampering and attack specifying the applied system, permission level and
necessary permissions" based on job requirements. For
prevention". usage period. After multi-level reviews by depart-
temporary roles involved in project collaboration and
ment leaders and the Information Management
emergency response scenarios, access time limits are
Quantitative goals: The annual occurrence rate of data Department, operation and maintenance personnel
clearly defined, and permissions are promptly revoked upon
leakage incidents is zero, with all the following indicators configure precise permissions, with full-process
task completion.
reaching 100%: network vulnerability remediation rate, traceable records retained for traceability.
employee information security training coverage rate, data
backup success rate, monthly data recovery drill compliance
rate, and the closed-loop rectification rate for issues identified Enhanced identity authentication: General Dynamic control: The Human Resources Department
in computer room and database inspections. roles adopt high-strength password authentica- synchronizes employee separation and transfer information
tion. Management roles employ multi-factor in real time, and revokes corresponding accounts and
Annual occurrence rate of Closed-loop rectification rate authentication. Core business systems implement permissions in a timely manner. System logs are monitored
data leakage incidents for issues identified single sign-on to reduce account redundancy and for abnormal logins and excessive permission access, which
mitigate data leakage risks. Slider verification and trigger automatic alerts and follow-up verifications. Regular
login lockout mechanisms are deployed upon account and permission reviews are conducted to eliminate
login to prevent brute-force attacks. idle and redundant permissions, accurately aligning
permissions with job responsibilities.
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Environmental Management Work Safety Management Human Resource Management Appendix
Network and threat protection
Regular vulnerability scanning: Internal and Cross-regional transmission encryption: For data interactions between
external networks and core business systems are Changzhou and Chuzhou bases across ERP, MES, and WMS systems,
comprehensively scanned via China Mobile private network connections are established through dedicated VPN lines.
Zhuanxianweishi every week to identify abnormal Sensitive data is transmitted in encrypted form to prevent interception and
network traffic, malicious attacks, and other tampering risks, ensuring security and stability of cross-regional business
potential risks. collaboration.
Infrastructure and physical security
Regular inspection: It covers two core dimensions. At the database level, performance Closed-loop rectification
bottlenecks, abnormal access and data integrity risks are detected. At the computer room level, rate for issues identified
measures are taken to inspect temperature and humidity, power supply stability, firefighting throughout the year
system, security monitoring, and operation status of hardware devices such as servers, routers
and switches, record inspection results in details, and timely handle identified abnormalities,
achieving a 100% closed-loop rectification rate for issues identified throughout the year.
Standardized computer room management: Personnel shall Third-party service management: A contact
register their access purpose and accompanying personnel list of third-party service providers is estab-
information, and access records are properly retained. Storage media lished to standardize their work records and
are numbered, registered and kept by dedicated personnel, with a service review process. For third-party
classified media management form established. The entire equipment institutions engaged in system operation and
and media disposal process is fully documented. Recycled comput- maintenance, and data processing, security
ers undergo data backup and erasure, and storage media are qualification reviews are conducted, and
degaussed prior to scrapping to prevent physical asset risks and confidentiality agreements are signed to clarify
residual data hazards. data security accountabilities.
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Environmental Management Work Safety Management Human Resource Management Appendix
Full-lifecycle data security
Storage Backup Recovery Disposal
security strategy drill security
Core business data is placed under the dual protection of
A hierarchical backup system featuring "daily Regular data recovery drills are conducted to Prior approval is required before the
"cloud security products and local permission control" to
incremental updates and weekly full backups" is simulate scenarios such as system failures, destruction of core data and privacy
prevent unauthorized tampering and theft. Key data such
established to synchronize new and revised malicious attacks and natural disasters. For core data, which is performed via irreversible
as production line EL data is backed up via tape cold
data on a daily basis with a retention period of systems such as BMS, ERP and WMS, measures technical methods, including data
storage with a retention period of no less than 25 years,
seven days, and perform full backups of all core are taken to verify the integrity, availability and overwriting and degaussing. Medium
ensuring long-term data security. The database storage
data every Saturday with a retention period of 14 recovery efficiency of backup data, generate scrapping and disposal records are
capacity is monitored in real time, and redundant data is
days. The backup process is automated, with dedicated drill reports, and optimize recovery retained to ensure thorough data
regularly purged to ensure the stable operation of the
backup logs generated to facilitate subsequent strategies and operational procedures to address destruction and prevent residual data
storage system.
reviews, verification and traceability. identified issues. risks.
Privacy protection
Compliance procedures: With a clear collection scope and legitimate purposes of personal privacy information
of customers, employees and relevant parties, only the minimum information necessary for business purposes is
collected to prevent illegal collection and excessive data usage. A privacy information ledger is established to
record the entire data lifecycle including collection, storage, usage, and destruction, ensuring full traceability and
auditability. All operations strictly comply with national laws, regulations and industry standards governing
privacy protection.
Scenario-based protection: Sensitive data is encrypted, stored and displayed with restricted access permis-
sions. Employees' privacy information is managed by dedicated personnel of the Human Resources Depart-
ment, and only applied to statutory purposes such as payroll disbursement, social insurance payment and
occupational health monitoring. Temporary access authorization is adopted for remote work and project
collaboration scenarios, granting only the minimum privacy data access required for task execution to fully
mitigate privacy leakage risks.
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Environmental Management Work Safety Management Human Resource Management Appendix
Security training
In June 2025, the Company organized a special industrial control network
security training for core technical, operation and maintenance personnel,
covering the importance of industrial control network security, national policy Training coverage rate
requirements, common attack methods such as scanning, detection and
malicious intrusion, as well as core security risks faced by industrial enterpris-
es and targeted protection solutions. By combining theoretical lectures and
case analysis, the training enhanced all employees' risk identification and
response capabilities, achieving a 100% training coverage rate.
Emergency response
EGING PV has established an emergency response mechanism of "timely reporting, rapid investigation, targeted disposal,
review and optimization", and clarified incident reporting channels and division of emergency response responsibilities,
ensuring rapid response to unexpected security incidents.
CSRF vulnerability on the official website API interface attacks
In February 2025, after being notified by the In July 2025, in response to API interface information
Changzhou Municipal Bureau of Industry and leakage attacks targeting the PDA interface, WMS test
Information Technology of a Cross-Site Request environment, BMS Weizhihui platform, and component
Forgery (CSRF) vulnerability on the official anti-counterfeiting systems, the Company immediately
website, the Company promptly organized its investigated the vulnerabilities in collaboration with
technical team for investigation and completed system suppliers. By implementing measures including
vulnerability remediation the same day via closing test pages, restricting open permissions and
random token validation for HTTP requests and optimizing interface access control strategies, we
server-side interception checks. completed all remediation work before August.
After the disposal of all security incidents, we conducted special post-incident reviews to analyze root causes, optimized
protection rules and procedures, updated emergency response plans, and formed a closed-loop management process of
"detection, response, review and optimization", continuously enhancing our capabilities to resist information security risks.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Environmental Compliance Management
Energy Management
Water Resource Management
Pollutant Management
Ecological Protection and Biodiversity
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Corporate Governance Work Safety Management Human Resource Management Appendix
Environmental Environmental management policies and objectives
Compliance Manage- Upholding the guideline of "energy-efficient products, low-consumption production process and compliant emissions", EGING PV fully
ment integrates environmental responsibilities into the entire process of production and operation, and advances its green transformation focusing on
three key priorities, namely pollutant emission reduction, efficient resource utilization and ecological risk prevention and control.
Adhering to the core principles of "compliance first,
prevention focused, and whole-process control", EGING Quantitative Objectives: In 2025, the Company
PV has established a standardized and closed-loop achieved a 100% compliance rate for wastewater, Compliance rates of wastewater, Completion rate of corrective
environmental compliance management system to align all waste gas and noise emissions, actions for non-compliance issues
waste gas and noise emissions, as well as a 100%
and solid waste recovery rate
environmental activities with applicable laws, regulations solid waste recycling rate, with zero environmental
and industry standards. administrative penalties and environmental
violations. The timely response rate for environmen-
tal emergencies and the closed-loop rectification Emergency response timeliness rate and closure rate
rate of potential hazards both reached 100%. We of hazard rectification actions
also realized full coverage of occupational hazard
Compliance first factor monitoring, with a 100% rectification
completion rate for non-compliance issues.
Prevention focused
Whole-process control
Establishment of environmental management system
EGING PV has developed a three-level management system of "top-level design, departmental execution and full-employee participation", and
obtained ISO14001 environmental management system certification. The Company has formulated multiple special systems, including the
Environmental Management Regulations, the Solid Waste Classification and Disposal Measures, the Emergency Response Plan for Environ-
mental Incidents, and the Management Measures for Occupational Hazard Factor Monitoring, and established a complete management and
control chain of "systems, procedures, operations, and assessments", ensuring rule-bound system operation. In addition, we have built a
supervision mechanism for system operation to continuously optimize the management procedures through regular self-inspections and
internal reviews, aligning the system with corporate development and regulatory requirements.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Environmental management initiatives
Environmental emergency
management
Under the environmental protection facility management mechanisms of daily inspection,
weekly maintenance and monthly overhaul, monthly inspections are conducted on sewage
Establishment of emergency plan system: The Emergency Plan for
Operation and treatment facilities, waste gas adsorption devices and rainwater and sewage pipe networks
Sudden Environmental Incidents has been revised and improved to
maintenance in plant areas, focusing on equipment operation parameters, reagent dosage, and pipeline
of environmental cover multiple scenarios, including wastewater leakage, excessive
tightness. These measures ensure the stable operation of environmental protection facilities,
protection facilities waste gas discharge, chemical leakage, and fire-induced secondary
with no abnormal emissions caused by facility failures throughout the year.
environmental risks, and define organizational structure for emergency,
In the solid waste management system featuring "classified collection, standardized storage, response procedures, disposal measures and material support. The
and compliant transfer", classified collection points are set up in production workshops, emergency plan has been officially filed with local environmental
warehouses, and office areas. Color-coded collection containers with bilingual Chinese-English authorities.
signs are deployed, with clear storage time limits and protective requirements. Hazardous
waste is stored in dedicated hazardous waste warehouses under dual-person and dual-lock Emergency drills and material reserves: In March 2025, the Company
Full-process
control of solid waste management, with the storage period in strict compliance with relevant regulations. The uniform organized one chemical leakage emergency drill, which simulated the
hazardous waste manifest form is completed before transfer to ensure full-process traceability. scenario of rupture and leakage of soldering flux packaging stored in a
chemical warehouse, with a total of 10 participants from the Safety and
Environmental Protection Department, the Production Department, the
Logistics Department and other relevant departments. The drill covered
full-process operations including leakage blocking, waste liquid
Environmental monitoring and assessment collection and environmental monitoring, effectively improving
emergency response and coordinated disposal capabilities. Sufficient
Regular monitoring Dynamic system assessment emergency supplies such as oil-absorbent pads, leak-sealing bags and
Online monitoring equipment is installed at wastewater discharge outlets One internal audit and one management emergency pumps are stocked in key areas including hazardous waste
for real-time tracking of core indicators such as COD, pH and ammonia review are conducted for the environmental warehouses and wastewater treatment stations, and regularly inspected
nitrogen. Monitoring data is synchronously uploaded to the supervision management system on an annual basis. and renewed to ensure the availability in case of emergencies.
platform of environmental protection authorities, with daily monitoring Based on monitoring data, compliance
reports generated. Annual third-party tests for waste gas, wastewater status and changes in external policies,
and noise are entrusted to qualified external institutions, with all management procedures and control
emissions data in line with national standards. Annual special inspec- measures are optimized to enhance system
tions on soil and groundwater are conducted to ensure stable and effectiveness and adaptive capacity.
compliant environmental quality.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Governance Strategy
EGING PV continuously improves the dedicated governance structure for climate Based on its production and operation layout,
Against the backdrop of in-depth advancement of the dual carbon change response to ensure the effective implementation of climate actions. The industry development trends and global
goals and accelerated global energy transition, EGING PV continues to Board of Directors regularly reviews and assesses the Company's climate change climate changes, EGING PV conducts
advance the Task Force on Climate-related Financial Disclosures strategy to ensure full alignment with the overall corporate development goals and comprehensive reviews and dynamic
(TCFD), and integrates climate change response into its overall the sustainable development strategy. The management team is responsible for assessments of its climate-related physical
corporate development strategies and full processes. By virtue of the specific implementation and overall coordination of climate change response risks and transition risks. Meanwhile, the
photovoltaic technological innovation and full-value-chain green initiatives, thereby coordinating all functional departments to advance targeted Company precisely seizes development
operation practices, the Company effectively undertakes ecological tasks of energy and consumption conservation, and emissions and carbon opportunities amid the global energy
governance responsibilities, while precisely catering to the core reduction. In terms of external communication, the Company maintains close transition, formulates targeted response
demands of capital markets, regulators and other stakeholders for dialogue with regulators, industry associations, investors, non-governmental strategies, and incorporates climate factors
transparent climate information. organizations, and other stakeholders, and timely discloses relevant measures, into its core development strategy.
data and performance in addressing climate change.
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Entity risks (some examples):
Risk description Response measures Impact extent Time range
Reinforce photovoltaic facilities and outdoor pipelines for freeze resistance; equip with
Snowstorms and freezing weather may damage High Short, medium, and long terms
snow and ice removal emergency equipment; establish a low-temperature early
photovoltaic facilities and outdoor pipelines.
warning and response mechanism to arrange preventive measures in advance.
Strong wind and sand-dust weather reduce the
Equip photovoltaic modules with cleaning systems, and conduct regular inspection
light absorption efficiency of photovoltaic modules, Moderate
and maintenance; optimize module installation design to improve wind resistance and Medium and long terms
and cause equipment dust accumulation and
reduce sand deposition.
component wear.
Heatwaves increase temperature control costs in Upgrade constant temperature systems in workshops, and strengthen equipment heat
production workshops, and impact stable equipment dissipation maintenance; implement high-temperature work protection measures, and Moderate Medium and long terms
operation as well as employees' work safety. optimize shift scheduling to protect employee health and ensure stable operation.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Transformation risks (some examples) Opportunities (some examples)
Risk description Response measures Impact extent Time range Risk description Response measures Impact extent Time range
The photovoltaic industry is Continue to increase R&D Expand development efforts in
accelerating its transformation investment, and focus on the R&D domestic and overseas markets, and
The growth of global
towards more efficient and and reserve of high-efficiency and improve the multi-scenario market
demand for clean energy Short,
low-carbon technologies. As a low-carbon photovoltaic technolo- Medium and layout covering distributed photovol-
High sources has brought High medium, and
result, the Company's existing gies; rationally plan the production long terms taic systems and photovoltaic power
broad market space for long terms
technologies and production capacity in line with the industry's stations; continuously optimize
the photovoltaic industry.
capacities face the risk of technological trends, and advance product performance and costs to
becoming obsolete. intelligent and low-carbon upgrades increase market share.
of existing production lines.
Dynamically track domestic and foreign Technological innovation
policies and regulations related to Deepen the joint innovation with
Policies and regulations have has pushed up the
carbon emissions, and adjust scientific research institutions
increasingly stringent carbon efficiency of the
production and operation strategies in and universities; improve the
emission requirements for Short, photovoltaic industry and Medium and
internal technological R&D Moderate
advance to ensure compliance; steadily reduced the cost, and the long terms
photovoltaic companies, and Moderate medium, and incentive mechanism to
implement energy-saving and carbon Company is expected to
the Company may face the long terms encourage breakthroughs in
reduction measures, and explore the gain competitive
risk of increasing compliance core technologies and process
application of carbon capture, utilization, advantages through
costs. innovation.
and storage (CCUS) and other technological upgrading.
technologies in production activities.
Strengthen market research to Governments around the Closely monitor policy develop-
As consumer preferences accurately grasp demand trends for world are ramping up ments concerning renewable
shift towards low-carbon and low-carbon products; scale up the their support for energy and proactively seek policy Short,
Medium and
eco-friendly products, R&D and promotion of green Moderate renewable energy, support; participate in the Moderate medium, and
long terms
companies that fail to meet photovoltaic products, improve the providing policy formulation of photovoltaic industry long terms
these demands may face the low-carbon product certification guarantee for corporate standards in depth to enhance the
risk of losing market share. system, and enhance the market development. Company's influence and voice in
competitiveness of products. the industry.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Risk management
EGING PV fully integrates climate risk management into its comprehensive risk management system. Through the The Company has set clear frequencies for the monitoring and assess-
full-process management covering risk identification, risk assessment, risk response and risk monitoring, the ment of climate-related risks:
Company realizes refined and dynamic control of climate risks.
· For physical risks such as extreme weather, real-time monitoring is
conducted based on meteorological monitoring data and disaster early
Risk identification warning systems, and emergency plans are activated immediately in
Through regular risk assessment meetings, industry research, expert consultations and other case of abnormalities. The production facility protection and the
measures, climate-related physical risks and transition risks are identified to timely update the effectiveness of emergency plans are comprehensively assessed,
Company's risk list. optimized and improved on an annual basis.
· For transition risks including technological upgrading, policies and
regulations, industry dynamics and policy changes are followed at
Risk assessment
irregular intervals to timely adjust technological R&D and strategic layout.
The identified climate risks are assessed by both qualitative and quantitative methods to A comprehensive risk assessment is performed on an annual basis to
accurately judge the probability of risk occurrence, impact extent and transmission re-evaluate the impact extent and development trends of various
pathways. transition risks.
Risk response
Based on risk assessment results, targeted and implementable response measures are
formulated for each climate risk. These measures are deeply integrated with the Company's
strategic planning, production and operation, technological R&D and other efforts, ensuring
effective risk management.
Risk monitoring
Under an improved climate risk monitoring mechanism, the climate risk changes and the
implementation effect of response measures are tracked in real time by means of internal
audit, operational data analysis, market trend monitoring and meteorological data tracking to
optimize and adjust risk management strategies in a timely manner.
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Indicators and targets According to the verification by an internationally authoritative third-party organization, EGING PV's greenhouse gas emissions accounting from
January 1 to December 31, 2025 complies with the requirements of ISO 14064-1:2018. The Company maintains its organizational greenhouse gas
verification certificate under the ISO 14064 standard. Its detailed greenhouse gas emissions data in 2025 are presented below:
Carbon emission management
EGING PV continuously conducts full-dimensional carbon Scope Scope 1 Scope 2 Scope 3 Total
inventory and product carbon footprint accounting, and
standardizes the disclosure of Scope 1, 2, and 3 green-
Emissions (tCO₂ equivalent) 484 23,435 111,077 134,996
house gas emissions, providing accurate data support for
addressing climate change and formulating emission
reduction strategies. In 2025, the Company reduced
Proportion (%) 0.36 17.36 82.28 100
production-side carbon emissions by optimizing production
procedures, deploying energy-saving equipment, and
improving energy efficiency. Meanwhile, we scaled up
Accurate carbon emissions data not only lays a solid foundation for the Company to set scientific and rational emission reduction targets, but also
clean energy utilization and photovoltaic power station
provides core evidence for disclosing climate action performance to investors, customers and other stakeholders.
construction to further reduce reliance on traditional fossil
fuels, delivering remarkable achievements in carbon
emission control.
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Carbon neutrality initiatives
EGING PV continues to deepen its carbon neutrality initiatives across the entire value chain. Its emission reduction pathways cover the entire process, spanning raw material procurement, product
design, manufacturing, daily operations, and product delivery.
Low-carbon and In upgraded production Low?carbon performance, In plant areas, rooftop
With an improved overall
environmentally friendly processes, advanced energy efficiency and photovoltaic systems operate
operational efficiency,
raw material suppliers are energy-saving equipment recyclability are integrated steadily to continuously
logistics and transportation
prioritized to facilitate and technologies are into core product design optimize the energy use
systems are optimized to
collaborative carbon promoted to reduce criteria, focusing on R&D of structure, and raise the
promote upstream and
reduction across upstream energy consumption and high-efficiency and low-car- proportion of green electricity
downstream waste
and downstream supply waste discharge in the bon photovoltaic products. In use. Meanwhile, energy-con-
recycling, and reduce
chains, cutting value chain production stage. 2025, the Company's multiple suming office and production
carbon emissions across
carbon emissions at the Meanwhile, production products obtained authorita- facilities are upgraded to
the entire value chain,
source. lines are intelligentially tive certifications, including foster a low-carbon
forging practical pathways
upgraded to lift production the Italian EPD certification corporate culture, encourag-
for full-value-chain carbon
efficiency while lowering and China Green Product ing full employee participa-
neutrality in the photovolta-
carbon emissions. Certification. tion in energy conservation
ic industry.
and carbon reduction.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Energy Management Energy management system development
The Company has established a full-process management framework covering energy planning, consumption monitoring,
EGING PV adheres to the energy management policy of statistical analysis, and optimization and improvement, and formed an energy management team, with the Department of Safety
energy conservation and consumption reduction, clean and Environmental Protection serving as the lead department and the Production Department and Integrated Energy Center acting
production, and continuous improvement, with the core as execution departments. Energy consumption targets are decomposed to core production departments and incorporated into
objectives of enhancing energy efficiency and increasing performance assessments. A real-time energy data monitoring platform has been built to integrate electricity, natural gas, and other
the share of renewable energy. A full-process energy energy consumption data, enabling dynamic tracking, anomaly alerts, and trend analysis to support energy-saving decision-mak-
management system has been established. ing. Additionally, energy management training is strengthened to enhance employees' energy conservation awareness and
operational standardization.
Renewable energy utilization
EGING PV actively develops photovoltaic clean energy and has established a PV layout combining rooftop installations and
self-owned power stations to maximize the share of clean energy substitution.
On-site PV power station: In 2025, the total on-site PV power 2025
generation reached 23,629.8 MWh, with 13,452.4 MWh
Energy management policy self-consumed and 10,177.4 MWh fed into the grid. Total on-site PV power generation
Zhixi self-owned power station: The total annual power MWh
Focusing on cost reduction, efficiency improvement, and generation of this self-owned power station of EGING PV in 2025
green low-carbon development, the Company reduces reached 171,610.5 MWh, all of which was fed into the grid.
fossil energy consumption, lowers energy consumption Total power generation of the power station
per unit of output, and promotes the transition toward a Overall performance: The Company's total PV power genera-
cleaner and lower-carbon energy structure through tion reached 195,240.3 MWh. Through clean energy substitu- MWh
technological upgrades, process optimization, and tion, EGING PV saved 59,000 tons of standard coal and
renewable energy substitution. reduced carbon dioxide emissions by 103,500 tons during the Total PV power generation of the Company
year, effectively lowering carbon emission intensity and energy
costs while demonstrating its commitment to green develop- MWh
ment.
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Energy conservation, consumption reduction, Energy equipment operation and maintenance
and resource recycling
The Company has established a three-tier equipment management mechanism of daily inspection, monthly
maintenance, and quarterly special inspection. Daily inspections focus on PV panel cleanliness, inverter operating
Lighting system upgrade status, and transformer load conditions. Monthly maintenance includes PV module cleaning, terminal tightening,
and calibration of energy-saving equipment parameters. Quarterly special inspections focus on high-voltage
LED lighting has been fully implemented across production workshops and office equipment, boilers, and other key energy facilities to identify safety and energy efficiency risks. During the year,
areas. Traditional 30W fluorescent lamps were replaced with 18W energy-efficient 130 energy-related hazards were identified, all of which were rectified, achieving a 100% rectification completion
LED lamps, reducing lighting power consumption. A "lights-off for one hour at rate with an average rectification time of 25 days. These measures ensured the long-term stable operation of
noon" initiative was also implemented in all non-essential lighting areas, resulting energy-saving equipment and PV power stations. Through a series of energy-saving upgrades, approximately
in annual electricity savings of 504 MWh. RMB3.2 million in electricity costs and RMB1.5 million in material costs were saved during the year.
Production process optimization
Process innovation was implemented for the double-layer triple-chamber laminator
by optimizing auxiliary material matching and adjusting lamination parameters.
After optimization, energy consumption per module decreased from 1.2 kWh/mod- Energy-related hazards identified during the year
ule to 0.98 kWh/module, while average daily output per production line increased
from 3,200 modules to 4,000 modules, improving efficiency by 25%. Product yield
improved from 99.65% to 99.70%, achieving both energy conservation and quality
& efficiency enhancement targets.
Rectification completion rate
Resource recycling 100%
A waste oil recovery system has been established in the on-site vacuum pump
room. Vacuum pump oil is inspected and replenished daily, while waste oil from the Annual electricity cost savings: approximately
organic tower is regularly collected and treated through static sedimentation. A total
of 12 drums (approximately 2,040 kg) of waste oil were recovered during the year.
After testing, the recovered oil was reused in vacuum pump operations without
RMB 3.2 million
adverse impacts on equipment. This generated a recovery value of approximately
RMB36,000 and reduced waste oil disposal costs, forming a circular chain of
generation, recovery, and reuse.
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Key water conservation measures
EGING PV adheres to the principles of efficient utilization, circular regeneration,
Circular water reuse system Leakage prevention and pipeline optimization
and total quantity control in water resource management, establishing a full-pro-
cess management system covering water intake, usage, conservation, and
Production wastewater is treated through a "pre-treat- A zoned inspection system for water supply pipelines
recycling, thereby maximizing water use efficiency.
ment + coagulation and sedimentation" process and has been established, dividing the factory site into
further recycled for non-potable uses such as multiple inspection areas with daily inspections carried
landscape irrigation and equipment cooling, out by dedicated personnel. Key components such as
Water resource utilization improving water reuse rates and reducing fresh water valves, pipe joints, and flow meters are regularly
consumption. checked to promptly identify and repair leakage points,
In 2025, the Company's total water consumption was 291,000 tons, including
preventing water loss. Targeted maintenance and
optimization of ageing pipelines are also conducted to
landscaping irrigation and supplementary cooling water for equipment).
reduce leakage rates.
Through tiered metering and dynamic monitoring, total water consumption was
kept within the annual plan.
Precise metering and smart monitoring Water conservation awareness promotion
Dedicated flow meters are installed at key locations, Water-saving appliances are promoted in office
Tap water
including water inlets of each factory, workshop water areas and canteens. Through internal communica-
consumption nodes, and reclaimed water outlets, tion and training, employees are educated on water
tons
enabling real-time collection and transmission of conservation practices and operational standards,
water usage data. Quarterly water audits are encouraging company-wide participation in water
Total water consumption Surface water conducted to analyze departmental water efficiency, conservation and fostering a positive atmosphere
identify high water consumption areas, and develop where "everyone has a role to play in water
tons tons optimization measures to continuously improve water conservation"
use rationality.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Work Safety Management Human Resource Management Appendix
Pollutant Management
EGING PV has established a full-process pollution prevention and control system for key pollutants, including wastewater, waste gas, solid waste, and noise, covering source
reduction, process control, end-of-pipe treatment, and compliant discharge, ensuring that all pollutant emissions fully meet regulatory standards.
Wastewater Waste gas Solid waste Noise
Production wastewater is treated through For particulate matter and volatile General industrial solid waste mainly Boundary noise is managed in
a "pre-treatment + coagulation and organic compounds (VOCs) generated includes glass scraps, aluminium frame accordance with Class 3 limits specified
sedimentation" process. Domestic during production, a treatment system offcuts, and packaging waste generated in the Emission Standard for Industrial
wastewater is treated using a dedicated combining "preliminary filtration + during PV module production. These are all Enterprises Noise at Boundary
process before being discharged via the two-stage activated carbon fibre reused through recycling or disposed of in (GB12348-2008), with daytime levels ≤
main discharge outlet. A water quality adsorption" has been installed across all compliance with regulations. Hazardous 65 dB(A) and nighttime levels ≤55 dB
online monitoring system has been production workshops. High-efficiency waste mainly includes waste mineral oil (A). Quarterly third-party monitoring
installed to track key indicators such as activated carbon fibre materials are (vacuum pump oil), spent activated carbon, results in 2025 showed that all boundary
COD, pH, and ammonia nitrogen in real used to ensure that waste gas is treated and oil-contaminated wipes. Such waste is monitoring points met the required
time. Data are synchronized to the and discharged in compliance with stored in dedicated hazardous waste standards, with no noise-related
environmental regulatory platform to applicable standards. storage facilities and disposed of by complaints reported.
ensure full traceability of treatment qualified third-party contractors after proper
performance. manifest filing.
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Corporate Governance Work Safety Management Human Resource Management Appendix
Ecological Protection and Biodiversity
EGING PV attaches importance to maintaining the ecological environment within and around its factory premises. Upholding the philosophy of respecting nature and
protecting ecosystems, the Company actively implements ecological protection measures to promote harmonious coexistence between people and nature.
Site ecological optimization Biodiversity protection Soil and groundwater protection
Landscaping development and maintenance: More than 350 Habitat creation: Two bird perches have been installed Seepage prevention in key areas: In addition to
locally suitable tree species, including camphor trees and within landscaped areas to provide safe resting places hazardous waste storage areas, anti-seepage design
osmanthus trees, have been planted within the factory for common local bird species. Nectar-producing plants has been implemented in key locations such as
premises. Landscaping layout has been optimized, increasing have been planted to attract insects and birds, enriching wastewater treatment stations, oil tank areas, and
vegetation coverage to 10.3%. Regular pruning and pest on-site biodiversity and fostering a harmonious chemical storage facilities. High-density polyethylene
control are carried out to maintain tidy green spaces, improve ecological environment. (HDPE) impermeable liners are installed to ensure
the site microclimate, and create a comfortable working effective containment. Regular inspections of anti-seep-
environment for employees. Control of ecological disturbance: Care is taken during age facilities are conducted, with no damage identified
production and operations to avoid damage to during the year.
Ecological restoration of idle areas: Idle land within the surrounding natural vegetation and landforms, with
factory premises has been ecologically restored by clearing ecological impact assessment conducted prior to Monitoring and risk control: A soil and groundwater
construction debris, laying planting soil, and planting native construction. Toxic or harmful landscaping chemicals pollution risk early warning mechanism has been
herbaceous vegetation. These measures increase green and pesticides are not used; instead, green pest control established. Upon detection of abnormalities, emergen-
space, reduce hardened surfaces, enhance rainwater methods such as physical and biological control are cy response procedures are immediately activated to
infiltration capacity, and improve the local ecological environ- adopted to minimize impacts on surrounding organisms. prevent the spread of pollution and ensure the safety of
ment. local soil and groundwater environments.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Human Resource Management Appendix
Work Safety Assurance
Risk Management and Hazard Control
Occupational Health and Safety
Management
Emergency Response Management
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Human Resource Management Appendix
System and framework development
Work Safety Assurance In 2025, EGING PV revised its all-staff work safety responsibility system to ensure full
coverage across departments and positions, clearly defining safety responsibilities at all
EGING PV takes standardization and institutionalization as its core approach, and strengthens the foundation of work levels from the general manager to frontline employees. The principal responsible
safety through multi-dimensional efforts, including system and framework development, resource investment, person signed work safety responsibility agreements with heads of all centers and
equipment management, personnel training, and safety culture cultivation, thereby ensuring effective implementation departments to strengthen accountability awareness. In addition, the Company
of safety management. completed work safety integrity commitment and declaration, and held quarterly work
safety meetings to address key safety issues, ensuring that responsibilities were
effectively cascaded and fully implemented at all levels.
System and Guided by the latest laws, regulations, and industry standards, including the Standards
Resource Equipment Personnel Safety culture
framework management training cultivation for Determining the Potential Risks of Major Accidents of Industry and Trade Enterprises,
development investment
the Company organized a revision of its Compilation of Work Safety Rules and Regula-
tions in May 2025. The revision involved 44 core management systems, including risk
classification and control, hazard identification and rectification, special equipment
management, hazardous operations protocols, and power station operation and
maintenance safety, ensuring full alignment with regulatory requirements and business
scenarios, and providing a clear basis for all work safety management activities.
Equipment and facility safety management
Conventional equipment
Dedicated personnel are assigned by the Module Production Department to manage
equipment, with an annual inspection and maintenance plan formulated and strictly
implemented. Weekly inspections and maintenance activities are conducted, with a
focus on key components such as safety protection devices, transmission systems, and
braking systems. Identified issues are promptly reported, repaired, and tracked to
ensure that equipment operates in a safe and reliable condition at all times. The Quality
Management Department conducts regular inspections of measuring equipment in
accordance with planned schedules, maintains valid calibration certificates, and
implements standardized identification to ensure accurate and reliable equipment
performance.
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Corporate Governance Environmental Management Human Resource Management Appendix
Special equipment Safety training
The Power Equipment Department strictly complies EGING PV has established a safety training system characterized by tiered and categorized delivery, full staff coverage, and scenar-
with applicable safety technical specifications. io-based application, comprehensively enhancing employees' safety awareness and operational skills.
Periodic inspections are applied for at least one
month before the expiration of the validity period of
special equipment inspection certificates. All special
Core personnel training New employee and related-party training
equipment has passed required inspections and
inspection labels are publicly displayed. Regular
From June to August 2025, one principal responsible The Company strictly implements the Training sessions in 2025
inspection and maintenance are carried out for
person and 45 work safety management personnel three-level safety education system for
safety accessories and safety protection devices of
participated in specialized training, ensuring a 100% new employees. In 2025, 10 training
special equipment. Regular inspections are also
certification rate for the core management team. In addition, sessions were conducted, covering
conducted for insulation tools used in high-voltage
distribution rooms. An equipment safety archive Site-entry safety training
covering key topics such as safety regulations, risk job-specific risks, and operating
system has been established to ensure full life-cycle sessions
identification, emergency response, and hazard identifica- procedures. For contractors and other
traceability and management.
tion and rectification. The overall employee assessment related parties entering the site, 17
pass rate reached 100%. sessions of site-entry safety training
were provided, clarifying on-site safety
Safety training coverage rate for
Certification rate of core Overall employee requirements, restricted work zones,
Power station operation and management team assessment pass rate
related-party personnel
and responsibility boundaries. The
maintenance safety
safety training coverage rate for
related-party personnel reached 100%.
The Integrated Energy Center (power station) has
formulated dedicated safety procedures and
implemented equipment inspection systems,
operational permit requirements (with licensed
personnel required for high-voltage equipment Scenario-specific training
operation), and emergency response procedures.
Specific measures are in place to address The Integrated Energy Center (power station) conducted 12 safety training sessions covering 15 participants, focusing on power station operation and
unexpected situations such as equipment failures maintenance safety procedures, high-voltage equipment operation, and emergency response procedures. In addition, targeted protection training was
and extreme weather conditions. In 2025, the provided for special positions involving dust exposure, noise, and chemical contact, ensuring that employees were proficient in the use of personal
Company recorded zero safety incidents, protective equipment and risk mitigation practices.
corresponding to 365 accident-free days.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Human Resource Management Appendix
Safety culture cultivation
EGING PV promotes safety management through a culture-led approach,
fostering a safety environment with full employee participation. During the
awareness campaign titled "Everyone Talks about Safety, Everyone
Knows Emergency Response—Identifying Safety Hazards around Us."
Through case studies, on-site practical demonstrations, and Q&A
activities, employees were encouraged to actively participate in safety
management. The Company also implements a "five-minute" pre-shift
safety briefing system. Before each shift, supervisors emphasize
job-specific safety priorities, operating procedures, and precautions
based on the day's tasks, strengthening employees' on-site safety
awareness. In addition, safety knowledge and regulations are promoted
on an ongoing basis through multiple channels, including workplace
safety slogans, bulletin boards, internal social media accounts, safety
knowledge competitions, and case-sharing sessions. These efforts
integrate safety concepts into daily operations and foster a strong safety
culture in which everyone talks about safety, safety is prioritized in every
task, safety is considered at all times, and safety is required everywhere.
Work safety performance
In 2025, EGING PV successfully achieved its work safety targets, with
no incidents of serious or above workplace injury, fire or explosion,
acute poisoning, equipment-related accidents, or on-site vehicle-related
injuries; a minor injury rate of 0.7%; no safety incidents in power station
operation and maintenance; and no occupational disease cases.
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Corporate Governance Environmental Management Human Resource Management Appendix
For each risk category, targeted control measures were developed across five dimensions: engineering controls,
on-site management, training and education, personal protective measures, and emergency response. Responsible
departments and persons and control timelines were clearly defined. Engineering controls focused on optimizing
equipment protective devices and improving operational procedures. On-site management included installing safety
warning signs, designating restricted work zones, and strengthening site inspections. Training and education
EGING PV has established a dual prevention mechanism characterized by "risk pre-control and
emphasized specialized training and competency verification. Personal protective measures ensured appropriate
closed-loop hazard management," enabling precise control of work safety risks and dynamic
protective equipment allocation and standardized usage requirements. Emergency response measures included the
elimination of hazards, thereby preventing safety incidents from the source.
development of dedicated contingency plans and the stockpiling of emergency supplies. All major safety risks were
reported via the Government Affairs Platform of Jiangsu Province. On a monthly basis, the principal responsible
Safety risk classification and control person and work safety management personnel conducted inspections via the "Chang'an Code" scanning system to
dynamically track risk control implementation, ensuring that all risks remained under effective control.
In accordance with the Provisions of Jiangsu Province on Work Safety
Risk Reporting for Industrial Enterprises, the Company organized
cross-functional risk identification and assessment involving the Risk control register Closed-loop management of hazard identification and
rectification
Department of Safety and Environmental Protection, Production
Department, Technology Department, and Integrated Energy Center.
The assessment covered all key scenarios, including production
EGING PV has established a four-tier hazard identification mechanism consisting of quarterly inspections by the
principal responsible person, monthly inspections by the Department of Safety and Environmental Protection, daily
workshops, power station operation and maintenance, warehousing and inspections by departments, and ad hoc inspections by employees. The principal responsible person organizes and
logistics, and special equipment. A total of 46 risk items were identified Major risks participates in comprehensive work safety inspections on a quarterly basis to review, analyze, and address key safety
and included in the risk control register, consisting of 21 major risks, 21 issues. The Department of Safety and Environmental Protection conducts at least one comprehensive inspection per
general risks, and 4 minor risks, with no major risks identified.
month, and carries out one targeted annual inspection in accordance with the Standards for Determining the Potential
Risks of Major Accidents of Industry and Trade Enterprises, with a focus on high-risk positions, critical equipment, and
environmental protection facilities. Each department implements daily on-site safety inspections to identify and report
potential hazards in a timely manner. A whistleblowing mechanism for potential safety hazards has been established,
along with an incentive system encouraging employees to proactively report potential hazards. In 2025, employees
General risks
voluntarily reported more than 30 potential hazards.
hazards. A closed-loop rectification ledger covering identification,
registration, rectification, verification, and closure was established for all
cases, with clear corrective measures, responsible persons, and
Minor risks
deadlines, achieving a 100% closure rate. Major hazards identified were
Closure rate
put under designated supervision, with the principal responsible person
overseeing rectification progress to ensure complete elimination of the
hazards and prevent escalation into safety incidents. 100%
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Human Resource Management Appendix
Prevention and control of occupational disease hazards
A comprehensive survey of occupational disease hazard factors has been conducted, identifying eight categories of hazards, including dust,
noise, tin dioxide, copper fume, lead fume, isopropyl alcohol, benzene/xylene/toluene, and power-frequency magnetic field. 14 fixed monitoring
points have been established. In May 2025, the Company commissioned a professional institution to conduct regular testing of occupational
disease hazard factors. During monitoring, noise levels exceeding regulatory limits were identified twice. Immediate corrective actions were
Adhering to a people-oriented approach, EGING PV integrates
implemented, including the installation of noise reduction equipment at affected job positions, adjustment of shift schedules to reduce continu-
occupational health protection with job safety management to
ous exposure time, and optimization of equipment layout to reduce noise transmission. Following rectification, all results complied with the
comprehensively safeguard employees' physical and mental
Occupational Exposure Limits for Hazardous Agents in the Workplace.
well-being as well as operational safety.
Hazards are controlled at source through multiple measures: production processes are optimized, with priority given to low-toxicity and
low-hazard raw materials; ventilation systems are improved to enhance air circulation in operational areas; and dust-generating processes are
equipped with dust collection systems to reduce fugitive emissions, thereby fundamentally reducing occupational health risks.
Personal protective equipment (PPE) management
A PPE management system has been established based
on the principles of "need-based allocation, standardized
distribution, proper use, and regular replacement."
KN95 dust masks
According to job-specific hazard characteristics,
employees in dust-exposed positions are provided with
KN95 dust masks (30 masks/month), noise-exposed
positions with high-noise-reduction earplugs (4
pairs/month), chemical exposure positions with nitrile
gloves and protective goggles, and high-altitude operation High-noise-reduction-rating earplugs
positions with safety shoes and safety harnesses.
Standard protective items such as cotton gloves and 4 pairs/month
insulated gloves are uniformly provided to all employees,
achieving 100% PPE coverage.
Supervision of PPE usage has been strengthened. Targeted training is conducted to explain proper wearing methods, applicable scenarios, and
replacement cycles. On-site management personnel conduct daily inspections of PPE usage, promptly correcting improper practices. A PPE
distribution and issuance register is established, and usage is regularly reviewed to ensure employees collect and use protective equipment as
needed and in a proper manner, thereby fully ensuring its protective effectiveness.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Human Resource Management Appendix
Life-cycle occupational health management Refined job safety management
EGING PV has established a life-cycle occupational health tracking
Differentiated safety management measures are implemented based on the risk
mechanism for employees. Pre-employment occupational health
characteristics of different job positions. For high-risk positions, a "two-person
examinations are conducted for newly hired staff to screen for occupa-
operation and regular rotation" system is applied to reduce risks associated with
tional contraindications and ensure that their physical conditions are
continuous solo work. Hazardous operations are subject to an approval system,
suitable for job requirements. For employees exposed to occupational
under which risk briefings are conducted prior to operation, protective measures
disease hazards, on-the-job occupational health examinations are
are implemented, and dedicated supervision is assigned. For high-voltage and
carried out in accordance with relevant regulations to comprehensively Health examination coverage rate high-risk scenarios such as power station operation and maintenance, a strict
identify health hazards. Departing employees are required to undergo
"work permit and operation permit" system is implemented, under which safety
exit occupational health examinations upon departure to determine the
briefings are conducted before operations, full-time supervision is maintained
correlation between their health status and job-related factors. The health
during operations, and post-operation reviews are carried out to ensure compli-
examination coverage rate reached 100%.
ance and safety at every step.
Occupational health records are established to document in detail health examination results, occupational hazard
Regular communication of job-specific safety risks is conducted through risk
exposure history, PPE usage, and health intervention measures, enabling dynamic monitoring of employees' health
notification cards and on-site training, enabling employees to clearly understand
conditions. For any abnormalities identified during health examinations, timely job adjustments and follow-up examinations
job hazards, preventive measures, and emergency response procedures, thereby
or treatment are arranged, supported by a health follow-up mechanism to ensure early identification and intervention of
strengthening employees' awareness of safety self-management and supporting
health risks. No occupational disease cases were reported in 2025.
job-level risk control.
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Corporate Governance Environmental Management Human Resource Management Appendix
Emergency Response Emergency management system
Management
An emergency command group led by the principal responsible person has been established. A
company-level emergency rescue team and departmental emergency response teams across
EGING PV has established an emergency management business units and centers operate under the group, with a clearly defined organizational
system characterized by comprehensive planning, structure, roles and responsibilities, response procedures, and cross-departmental coordination
well-structured teams, adequate supplies, and regular drills, mechanisms, forming an emergency management framework featuring unified command, tiered
Emergency organization
thereby enhancing rapid response and efficient handling of response, and coordinated operations.
emergencies and minimizing potential casualties and
property losses.
Based on the characteristics of different scenarios, including production workshops and power
station operation and maintenance, the Company has developed dedicated emergency response
plans and on-site response plans for incidents such as fire, explosion, confined space operations,
special equipment accidents, electric shock, mechanical injury, chemical spill, and extreme
weather. These plans clearly define key elements such as emergency response procedures,
rescue measures, resource allocation, and personnel evacuation arrangements to ensure strong
Emergency plans relevance and operability. The Integrated Energy Center (power station) has also developed
dedicated emergency response procedures for equipment failures, grid abnormalities, and
extreme weather conditions, detailing response steps and operational requirements.
Emergency supply storage areas have been established in key locations across the factory
and power station, equipped with firefighting equipment, leak control tools, first-aid
devices, chemical protective suits, emergency lighting, and communication equipment.
Regular inventory checks, maintenance, and updates are conducted to ensure adequate
quantities and good condition. An emergency supply allocation mechanism has also been
Emergency supplies established, with clearly defined deployment procedures and responsible personnel to
assurance ensure rapid mobilization during emergencies.
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Corporate Governance Environmental Management Human Resource Management Appendix
Emergency drills
In 2025, a total of 13 emergency rescue drills were conduct-
ed, covering various emergency scenarios, including fire and
explosion incidents, confined space operations, incidents
involving special equipment, electric shock and mechanical Total emergency
injury incidents, and chemical spills. On May 19, the principal rescue drills conducted
responsible person participated in a comprehensive in 2025
emergency drill simulating multi-scenario compound
emergencies to test capabilities across the full response
process, including emergency command and coordination,
cross-departmental collaboration, on-site rescue, and
personnel evacuation.
Post-drill reviews were conducted in a timely manner to analyze gaps and areas for improvement. Emergency
procedures were optimized, emergency supply allocation was adjusted, and coordination among emergency teams
was strengthened, continuously enhancing the precision and efficiency of emergency response. Through regular drills,
employees' emergency response skills improved significantly, and the coordinated operational capability of emergen-
cy teams was further enhanced, ensuring rapid and effective response in emergency situations.
Emergency response
A rapid reporting channel for emergencies has been estab- For special scenarios such as power station
lished, with clearly defined reporting procedures, timelines, operation and maintenance and confined space
and responsible personnel to ensure incident information is operations, person-specific and incident-specific
promptly transmitted to the emergency command group. The emergency response arrangements have been
emergency coordination mechanism has been further developed, clearly defining key response steps and
strengthened through regular communication channels with precautions. Relevant personnel receive regular
local emergency management authorities, firefighting and training and drills to ensure scientific and efficient
rescue agencies, and medical institutions, ensuring access to response in emergencies and to minimize incident
professional external support during emergencies. impacts.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Employee Rights and Interests Protection
Recruitment and Employment
Employee Remuneration Package
Employee Training and Career Development
Employee Care and Corporate Culture
Social Responsibility and Contribution
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Employee Rights and Interests Labor contracts and social insurance contributions
Protection The Company signs labor contracts with all formal employees in accordance with the law,
clearly defining key terms including employment conditions, job responsibilities, compensation,
EGING PV regards the protection of employees' lawful rights and interests as the and rights and obligations. The labor contract signing rate reached 100%, ensuring that Labor contract
cornerstone of human resource management, and establishes a comprehensive employment relationships are standardized and compliant. In strict compliance with national signing rate
protection framework covering labor compliance, social security, and occupational safety. and local regulatory requirements, EGING PV makes full contributions to social insurance
programs for employees, including pension insurance, medical insurance, unemployment
insurance, work-related injury insurance, and maternity insurance. The participation rate
Prohibition of child labor and forced labor reached 100%, effectively safeguarding employees' fundamental rights and interests.
EGING PV strictly prohibits the use of child labor and rigorously defines the minimum
employment age in accordance with applicable laws and regulations. Restrictions on Working hours and leave management
positions for underage workers, together with corresponding protection requirements, are The Company strictly implements the Measures on Attendance Management and establishes a dynamic daily working
clearly specified. In addition, all forms of forced labor are strictly prohibited. The hours monitoring mechanism to reasonably plan work assignments and strictly control excessive overtime, thereby ensuring
Company explicitly stipulates that it does not conduct business with suppliers or partners that employees' working hours comply with applicable legal requirements. Employees' rights to rest and leave are fully
involved in forced labor or violations of child labor laws, thereby preventing risks related to safeguarded through the implementation of various leave policies, including paid annual leave, statutory holidays, marriage
labor rights and interests at the source of the supply chain. leave, and maternity leave, ensuring a work–life balance and the protection of employees' physical and mental well-being.
Work safety and labor protection
Adhering to the development philosophy of "environmental protection, health and safety," EGING PV
劳动合同签订率达
continuously advances the construction of its safety management system. Through routine safety
training, safety awareness campaigns, and emergency drills, employees' safety awareness and
emergency response capabilities are strengthened. The Company has established a safety objective of
"zero workplace injury incidents" and implemented a closed-loop mechanism for hazard reporting and
rapid rectification, encouraging employees to proactively report unsafe参保率实现
equipment, operational hazards,
and potential risks. The use of prohibited drugs or other controlled substances in the workplace is
strictly forbidden to prevent safety incidents at the source. Meanwhile, the Company continues to
optimize production processes to reduce the use and emissions of environmentally harmful substances
and ensures proper disposal of various types of waste. Employees are encouraged to practice energy
conservation, consumption reduction, and recycling, jointly creating a safe and environmentally friendly
working environment.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Recruitment and Employment Equal treatment and non-discri-
mination for all employees
Upholding the core principles of fairness, impartiality, and transparency, EGING PV
An "equal treatment for all employees" policy is strictly
has established a standardized and transparent recruitment and employment
implemented across the workforce. In areas including
system, together with an equal protection mechanism free from discrimination, to
compensation and benefits, job assignments, promotion
safeguard equal development opportunities for every employee.
and development, and training opportunities, all
employees are treated equally without discriminatory
restrictions. An employee equality oversight mechanism
Recruitment process is also in place, encouraging employee feedback on any
discriminatory behavior and ensuring effective implemen-
All candidates are treated equally and selected based on merit. No discrimination is
tation of equal treatment principles. During the Reporting
permitted on the basis of age, disability, ethnicity, gender, marital status, nationality,
Period, no violations related to discrimination were
political affiliation, race, religion, sexual orientation, union membership, or any other
recorded.
protected characteristic. The recruitment process is conducted in an open and
transparent manner, with clear recruitment requirements, selection criteria, and
assessment procedures to ensure fair competition for all candidates. A relative-re-
cusal mechanism is strictly implemented during interviews. Interviewers who have
familial relationships with candidates are required to withdraw voluntarily to avoid
potential conflicts of interest and ensure the fairness of recruitment outcomes.
Protection of female employees
Recruitment channels
Equal pay for equal work is implemented for male and
EGING PV adopts a dual-track approach combining external recruitment and female employees, ensuring that female employees in
internal development to optimize its talent structure. Externally, the Company actively equivalent positions enjoy the same rights as male
conducts university–enterprise cooperation and campus recruitment with institutions employees in terms of compensation, benefits, accom-
such as Shanghai Jiao Tong University, Jiangsu University, Changzhou University, modation, and meals, and promotion opportunities. The
and Hohai University, building a pipeline of high-quality candidates with strong Company explicitly prohibits pregnancy testing as part of
professional capabilities and development potential. These initiatives expand the pre-employment medical examinations for female
talent pool while improving the knowledge base and professional structure of the candidates. Discrimination against candidates or
workforce. Internally, a competitive selection mechanism is implemented for open employees based on gender-related medical examination
positions. When vacancies arise, priority is given to internal candidates. Positions are results is strictly forbidden, thereby effectively protecting
filled through open competition to identify and develop existing talent, thereby the employment rights and interests of female employees.
unlocking employee potential and stimulating internal motivation.
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Corporate Governance Environmental Management Work Safety Management Appendix
Performance incentives
Employee Remuneration Package EGING PV has formulated the Performance Management Plan to
define a structured, end-to-end performance management
EGING PV has established a remuneration and benefits system characterized by "value framework. Annual operational targets are cascaded from the
alignment, fair incentives, and shared development," which not only ensures fair employee Company level down to departments and individual employees.
remuneration but also fully motivates work engagement, enabling employees to share in the Differentiated performance appraisal systems are designed for
Company's development achievements. various job levels and categories, including middle and senior
management, frontline managers, technical personnel, and frontline
employees. Evaluation dimensions cover business performance,
job competence, work attitude, and compliance performance.
Performance appraisal results serve as a core basis for salary
adjustment, bonus distribution, promotion recommendations, and
Employee remuneration training prioritization, thereby forming a virtuous cycle of "assess-
ment–incentive–development."
A remuneration structure centered on a "position-based, performance-linked, and grade-based salary system" is implemented,
supported by multiple distribution mechanisms. This ensures that remuneration is precisely aligned with job value, individual capability,
performance contribution, and market benchmarks.
Benefits
In addition to legally mandated benefits such as social insurance
Senior management General employees Marketing personnel and housing provident fund contributions, the Company provides
Performance-based remuneration diversified employee benefits, including paid annual leave, statutory
Fixed salary is determined based on job A commission-based remuneration
is closely linked to the achieve- holidays, birthday benefits, and holiday gifts. For field employees
value, job responsibilities, qualification model directly linked to sales
ment of annual business targets,
requirements, skill level, and position held. performance is applied, fully exposed to potential personal accident risks, personal accident
the effectiveness of strategy
Variable compensation includes perfor- reflecting an incentive mechanism of insurance is also provided, thereby comprehensively enhancing
implementation, and overall
mance-based pay and skill assessment "higher contribution, higher reward" employee protection.
operational performance, thereby
bonuses. Benefit allowances cover and "greater performance, greater
strengthening the orientation
transportation, communication, high-tem- earnings."
toward long-term value creation
perature subsidies, and meal subsidies.
and managerial accountability.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Employee Training and
Training implementation
Career Development In 2025, the Company achieved full employee coverage in training activities, with significant effectiveness.
EGING PV regards employee training and career development as a key
At the company level, a total of 12 training sessions were conducted, with 321 participants. The training content covered market and
component of its core competitiveness, and promotes a corporate culture of
industry analysis, internal audit knowledge, AED customs laws and regulations, risks related to cargo flow, information security,
"continuous learning." A structured training and development system is
environmental pollution prevention and control, anti-corruption and integrity building, new material and new supplier onboarding
established based on the principles of "tiered classification, demand-driven
processes, inbound and outbound warehousing and storage standards for modules and finished products in the Warehousing
delivery, and integration of learning with practice."
Department, optimization of procurement negotiation strategies, and customs trade security. All training records and course materials
were uploaded to the internal OA platform, enabling employees to review and learn online. In addition, 194 employees participated in
Training system training satisfaction surveys, with a satisfaction rate of 99.48%.
The Company has formulated the Management Policy of Employee
Training, with the Human Resources Department taking overall responsibili-
ty for training coordination. A comprehensive training framework featuring
clear dimensions and broad coverage has been established. Company-level Participation in training
Total participants satisfaction survey Satisfaction rate
training
Training programs are divided into general courses
sessions employees
and professional courses. General courses focus on
soft skills such as communication and collaboration,
compliance management, and corporate culture.
Professional courses emphasize specialized
Course
categories competencies in areas including technology research
and development, production operations, marketing,
At the department level, 601 training sessions were Ongoing training programs
and financial management.
conducted on an ongoing basis, with a total of 18,898
participants. Departments involved include PMC (4
participants), Warehousing Department (233 participants),
Targeted training courses are designed for different Customer Service Department (44 participants), Quality
employee groups, including middle and senior
Control Department (124 participants), Technology R&D Total participants
management, frontline managers, and frontline
Center (101 participants), and Module Business Unit (18,392
Training
levels
employees, ensuring that training content is precisely
aligned with job requirements. participants). These targeted training programs effectively
enhanced operational skills and collaboration efficiency.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Talent development
EGING PV has established a talent pipeline development model character-
ized by "external recruitment plus internal development." Externally, it has
developed industry–university–research cooperation relationships with
multiple higher education institutions, including Shanghai Jiao Tong
University, Jiangsu University, Changzhou University, and Hohai University,
leveraging their academic research resources and talent advantages to
attract high-quality fresh graduates and professional technical personnel.
Internally, a comprehensive training program is implemented for new
employees, consisting of orientation, on-the-job training, and mentorship
guidance, enabling them to quickly familiarize themselves with business
operations and integrate into the organization. For key personnel, advanced
training programs and cross-functional rotation opportunities are provided
to further develop diverse capabilities.
Employee promotion
EGING PV adheres to the principles of openness, fairness, and impartiality in
employee promotion and has established a scientific and standardized
promotion process. A closed-loop mechanism is implemented, covering
employee self-application, qualification review by the Human Resources
Department, cross-departmental comprehensive evaluation, management
approval, and company-wide public announcement of appointments,
ensuring transparency in the promotion process and fairness in outcomes. To
support diverse career development needs, the Company provides dual
career paths in management and technical tracks, enabling employees with
different strengths to pursue clear and structured development pathways and
achieve alignment between individual growth and corporate development.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Employee Care and Corporate Culture
EGING PV addresses employees' fundamental needs related to clothing, food, housing, and transportation, while also
integrating multidimensional care covering emotional well-being and family support to enhance employees' sense of
well-being and belonging in a comprehensive manner, thereby fostering a harmonious and symbiotic corporate culture.
The Company operates employee canteens at its Changzhou East and West factories,
with a total area of over 5,000 square meters, capable of serving more than 2,000
employees simultaneously. The canteens provide breakfast, lunch, dinner, late-night
Catering support meals, and meal services for employees working overtime during public holidays.
Over 200 employee dormitory rooms are provided. Shared facilities include laundry
rooms and pantries. Surrounding amenities such as convenience stores and snack
shops are available. Regular cleaning services are carried out by dedicated staff to
Accommodation
support maintain a clean and comfortable living environment.
Company vehicles are provided to meet business travel and corporate reception
needs. Charging stations for electric vehicles, as well as designated parking areas for
Transportation cars and electric bicycles, are available within the factory premises to facilitate
support employee commuting.
Administrative staff are provided with summer polo shirts, while frontline production
employees are equipped with summer, winter, and spring uniforms as well as anti-static
and dust-proof garments, ensuring both professional appearance and practical
Work attire functionality.
support
The administrative building is equipped with a gym and a Party-building activity room.
Pantries and microwave ovens are available on each floor. In addition, self-service
Employee
dining areas and private dining rooms are provided, fully meeting employees' work and
convenience
facilities daily life needs.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Employee care programs
Physical and mental health protection Emotional and psychological care Cultural and sports activities Family support and care
Regular comprehensive health examinations Employee communication channels are well Various cultural and sports groups, The Company optimizes the compensa-
are organized for employees, and individual established to ensure timely collection and including basketball, table tennis, tion and benefits system to enhance
health records are established for continuous response to employee feedback and reason- badminton, singing and dancing, and employee income levels. A hardship
monitoring of employees' health conditions. A able requests. Birthday celebration activities public speaking clubs, have been assistance mechanism is established to
hospitalization visitation system is in place, are organized to strengthen employees' sense established. A series of annual activities provide financial support and humanitari-
under which department heads and HR teams of belonging. For major personal events such and competitions are organized to an care to employees facing serious
visit hospitalized employees to provide care as marriage or bereavement of employees or encourage participation, particularly illness, family emergencies, or other
and support. Employees' right to rest is their immediate family members, department among frontline employees. Family difficulties. Additionally, a one-time cash
safeguarded through the implementation of leaders conduct in-person visits or send engagement activities are also regularly reward is granted to employees' children
paid annual leave, promoting work–life condolences. During major holidays, as well as held, inviting employees' family members who are admitted to Project 211 and
balance. In addition, personal accident extreme weather conditions such as severe and children to visit the Company, Project 985 universities, supporting their
insurance is provided for field employees to cold or heat, frontline employees who remain participate in interactive programs, and join educational development.
mitigate occupational risks. on duty are visited and supported to express parent–child games, thereby strengthening
care and respect. family bonds.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Appendix
Social Responsibility and
Contribution
As a bridge connecting the enterprise and its employees, EGING PV carries
out a range of targeted and tailored employee care initiatives to effectively
enhance employees' sense of gain and belonging.
Summer cooling initiative
In response to high-temperature conditions during summer, the trade
union organizes a "Summer Cooling Initiative" to provide care for
employees working in production, office, and field positions. Cooling
care packages are distributed uniformly, including refreshing beverages
and heat-prevention medicines, effectively alleviating discomfort caused
by high temperatures and safeguarding employees' health and working
comfort during hot-weather operations.
Summer vacation childcare support
To address childcare challenges faced by dual-income families during
school holidays, the trade union proactively coordinates with relevant
departments to jointly provide free summer vacation childcare services.
Professional care and engaging activities are offered for school-aged
children, effectively reducing the childcare burden on employees during
the summer vacation and enabling them to focus on their work with
peace of mind. The program is thus well received by employees.
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Corporate Governance Performance
Number of shareholders' meetings Number of meetings of the Board of Directors Number of meetings of the Board of Supervisors
Operation
of the three
governance Number of proposals reviewed Number of proposals reviewed at the Number of proposals reviewed at the Proportion of independent
at shareholders' meetings Board of Directors meetings Board of Supervisors meetings directors
bodies
Number of disclosure documents No violations in information disclosure
Information
disclosure
Confirmed incidents Unfair competition and Proportion of middle and senior management Number of anti-corruption Anti-corruption training coverage for directors,
Business of corruption antitrust incidents who signed the integrity commitment letter training sessions supervisors, and senior management
ethics
Litigation/penalties related to unfair competition
Anti-unfair
competition
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Customer privacy complaints Data leakage/loss incidents
Information
security
Cumulative patent applications Cumulative invention patent applications Cumulative utility model patent applications Cumulative design patent applications
Cumulative patents granted Cumulative invention patents granted Cumulative utility model patents granted Cumulative design patents granted
Patent applications during the Invention patent applications during Utility model patent applications during
Intellectual Reporting Period the Reporting Period the Reporting Period
property
management
Patents granted during the Invention patents granted during Utility model patents granted during the
Reporting Period the Reporting Period Reporting Period
Cumulative trademarks registered Trademarks registered during Cumulative software copyright
the Reporting Period registrations
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Environmental Performance
Total investment in environmental protection Environmental violations/penalties Coverage of environmental management system certification for production bases
Environmental
management RMB
NOx emissions SOx emissions VOC emissions PM emissions
tons tons tons tons
Pollutant COD emissions NH3-N emissions TN emissions Wastewater discharge volume
emission
tons tons tons m?
management
Wastewater discharge compliance rate Waste gas emission compliance rate
Total waste generated Hazardous waste generated Non-hazardous waste generated Hazardous waste disposal rate
Waste
management tons tons tons
Scope 1 emissions Scope 2 emissions Carbon emission intensity per unit Carbon emission intensity per unit of
of output value (operations) output value (value chain)
tCO₂e tCO₂e
Carbon tCO₂e/RMB10,000 tCO₂e/RMB10,000
emission
Total carbon emissions (Scope 1+2+3) Scope 3 emissions
management
tCO₂e tCO₂e
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Environmental Performance
Purchased electricity consumption Self-generated electricity consumption (rooftop PV) Total electricity consumption
MWh MWh MWh
Energy
management
Steam consumption Diesel consumption Natural gas consumption
tons tons m?
Total water withdrawal
Water resource
management tons
Social Performance
Employee rights Labor contract signing rate Social insurance coverage rate Customer satisfaction
Customer
and interests
service
protection
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Total number of employees Male employees Female employees Employees with disabilities Proportion of employees with disabilities
Aged 50 and above Aged 40–50 (excluding 50) Aged 30–40 (excluding 40) Aged below 30 (excluding 30)
Employment
Doctorate Master's degree Bachelor's degree Below bachelor's degree
management
R&D personnel Production personnel Marketing personnel Functional management personnel
Total training hours Average training hours per Average hours of safety training Average hours of new Coverage rate of new
employee per employee employee training employee training
Employee
training hours hours hours hours
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Total investment in employee Work-related Work-related Occupational disease Safety training coverage rate Hazard rectification rate
health and safety fatalities injuries incidence rate
Employee RMB
health
and safety
Facility and equipment maintenance rate Emergency drills Pre-employment occupational health On-the-job occupational health Exit occupational health
examination rate examination rate examination rate
Product Major product quality incidents Product traceability coverage rate Customer complaint resolution rate
quality and
safety
Number of R&D personnel Proportion of R&D personnel R&D investment R&D investment as a percentage of revenue
Innovation
RMB
Total number of suppliers Domestic suppliers Overseas suppliers New suppliers during the Reporting Period
Supply chain
management
Suppliers removed during the Reporting Period Supplier audits conducted during the Reporting Period
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Guide Index of the Report Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)
Dimension Number Subject Corresponding clause The corresponding chapter of this report
Environmental 4 Ecological Protection and Biodiversity Article 32 Environmental Management（Ecological Protection and Biodiversity）
dimension
（Green Products and Solutions）
（R&D Innovation Management）
During the reporting period, the Company’s business did not cover scientific and technological fields such as
involved in its production and operation.
Social
dimension During the reporting period, the Company has no overdue payments payable to small and medium-sized
on an equal footing ing period exceed 30 billion yuan, nor account for more than 50% of the total assets.
Work Safety Management（Sections 1 to 4）
（Communication with Stakeholders）
Governance
dimension 20 Anti-commercial bribery and anti-corruption Article 55 Corporate Governance（Business Ethics and Integrity Building ）
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Global Reporting Initiative EU Corporate Sustainability Reporting SASB Sustainability
Chapter Report Section Standards (GRI Standards) Directive (CSRD) (ESRS Standards) Accounting Standards
GRI 2-1 ESRS 2 GOV-1 /
Company Profile
GRI 2-6 ESRS 2 SB-1
Development History GRI 2-1 ESRS 2 SB-1 /
About EGING PV
Business Presence GRI 2-6 ESRS 2 SB-1 /
Global Service GRI 2-6 ESRS 2 SB-1 /
ESG-related Honors and Awards / / /
GRI 2-22 ESRS 2 SBM-1
ESG Strategy /
GRI 2-23 ESRS 2 SBM-2
GRI 2-9 ESRS 2 GOV-1
ESG Governance /
GRI 2-12 ESRS 2 GOV-2
GRI 2-23 ESRS 1 BP-2
Sustainable ESG Action Response /
Development GRI 2-24 ESRS 2 IRO-1
Management
GRI 2-29 ESRS 2 IRO-2
Communication with Stakeholders /
GRI 3-1 ESRS 2 SBM-3
GRI 3-1 ESRS 2 IRO-1
Materiality Issues Evaluation /
GRI 3-2 ESRS 2 IRO-2
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Global Reporting Initiative EU Corporate Sustainability Reporting SASB Sustainability
Chapter Report Section
Standards (GRI Standards) Directive (CSRD) (ESRS Standards) Accounting Standards
GRI 203-1 ESRS E1-5
R&D Innovation Management /
GRI 302-4 ESRS E5-1
GRI 301-1 ESRS E1-4
RR-ST-410b.1
Green Products and Solutions GRI 305-5 ESRS E2-1
RR-ST-410b.2
GRI 306-3 ESRS E5-1
Green Innovation
GRI 203-1 ESRS G1-1
Intellectual Property Management /
GRI 2-23 ESRS G1-2
GRI 203-1 ESRS E1-5
Digital Construction /
GRI 302-4 ESRS G1-3
GRI 416-1 ESRS S2-1
Product Quality and Safety /
GRI 417-1 ESRS S2-2
GRI 2-29 ESRS S2-3
Joint Industrial Customer Service /
GRI 417-1 ESRS S2-4
Development
GRI 2-6 ESRS S2-5
RR-ST-440a.2
Supply Chain Management GRI 308-1 ESRS S2-6
RR-ST-440a.3
GRI 414-1 ESRS E1-6
GRI 2-9 ESRS 2 GOV-1
Corporate Governance System /
GRI 2-12 ESRS 2 GOV-2
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Global Reporting Initiative EU Corporate Sustainability Reporting SASB Sustainability
Chapter Report Section
Standards (GRI Standards) Directive (CSRD) (ESRS Standards) Accounting Standards
GRI 2-25 ESRS 2 GOV-4
Internal Control and Risk Management /
GRI 2-26 ESRS 2 GOV-5
ESRS 2 GOV-4
GRI 2-25
Internal Audit ESRS 2 GOV-5 /
GRI 2-26
ESRS 2 GOV-6
Corporate
Governance
GRI 2-16 ESRS G1-1
Business Ethics and Integrity Building GRI 205-1 ESRS G1-4 /
GRI 205-2 ESRS G1-5
ESRS G1-2
Information Security Management GRI 418-1 ESRS G1-3 /
ESRS S2-4
ESRS E1-1
GRI 2-27
Environmental Compliance Management ESRS E2-1 RR-ST-150a.2
GRI 307-1
ESRS E5-1
Environmental GRI 305-1 ESRS E1-1
Management Energy Management GRI 305-2 ESRS E1-4 RR-ST-130a.1
GRI 305-5 ESRS E1-6
GRI 302-1 ESRS E1-5
Water Resource Management RR-ST-130a.1
GRI 302-4 ESRS E1-6
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Global Reporting Initiative EU Corporate Sustainability Reporting SASB Sustainability
Chapter Report Section
Standards (GRI Standards) Directive (CSRD) (ESRS Standards) Accounting Standards
GRI 303-1
ESRS E3-1 RR-ST-140a.1
Water Resource Management GRI 303-3
ESRS E3-2 RR-ST-140a.2
GRI 303-5
ESRS E2-1
GRI 306-2
Environmental ESRS E2-2 RR-ST-150a.1
Pollutant Management GRI 306-3
Management ESRS E2-3 RR-ST-150a.2
GRI 306-5
ESRS E5-2
ESRS E4-1
GRI 304-1
Ecological Protection and Biodiversity ESRS E4-2 RR-ST-160a.2
GRI 304-2
ESRS E4-3
ESRS S1-1
GRI 403-1
Work Safety Assurance ESRS S1-2 /
GRI 403-5
ESRS S1-3
ESRS S1-4
Work Safety GRI 403-2 RR-ST-410a.1
Risk Management and Hazard Control ESRS S1-5
Management GRI 403-9 RR-ST-410a.2
ESRS S1-6
GRI 403-1 ESRS S1-7
Occupational Health and Safety Management GRI 403-3 ESRS S1-8 /
GRI 403-6 ESRS S1-9
About the Report Responsibility Address About EGING PV Sustainable Development Management Green Innovation Joint Industrial Development
Corporate Governance Environmental Management Work Safety Management Human Resource Management
Global Reporting Initiative EU Corporate Sustainability Reporting SASB Sustainability
Chapter Report Section
Standards (GRI Standards) Directive (CSRD) (ESRS Standards) Accounting Standards
ESRS S1-6
Emergency Response Management GRI 403-2 RR-ST-150a.2
ESRS S1-10
ESRS S1-1
GRI 2-7
ESRS S1-2
Employee Rights and Interests Protection GRI 401-2 /
ESRS S1-4
GRI 410-1
ESRS S1-5
GRI 2-7 ESRS S1-6
Recruitment and Employment GRI 401-1 ESRS S1-7 /
GRI 406-1 ESRS S1-9
ESRS S1-10
GRI 2-21
Employee Remuneration Package ESRS S1-11 /
GRI 401-2
Human Resource ESRS S1-12
Management
ESRS S1-13
GRI 404-1
Employee Training and Career Development ESRS S1-14 /
GRI 404-3
ESRS S1-15
ESRS S1-16
Employee Care and Corporate Culture GRI 403-6 ESRS S1-17 /
ESRS S1-18
ESRS S3-1
GRI 413-1
Social Responsibility and Contribution ESRS S3-2 RR-ST-160a.2
GRI 413-2
ESRS S3-3
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