Introduction
This report is the 5th Environmental, Social and Governance
(“ESG”) Report released by Willfar Information Technology
Co.,Ltd (“Willfar Information” “the Company” or “we”) for the
purpose of disclosing Willfar Information’s practices and
performance in ESG to all stakeholders.
ReportScope ReliabilityStatement
Organizational scope : The organizational scope This report was con?rmed by the Board Strategic &
of this report is Willfar Information Technology ESG Committee and subsequently approved by
Co., Ltd. and its subsidiaries, Hunan Winmeter the Board of Directors on February 27, 2026. Willfar
Energy Technology Co., Ltd. and Zhuhai Zhonghui Information hereby declares that this report
Microelectronics Co., Ltd. (including Zhuhai contains no false records or misleading statements.
Wellthing Microelectronics Co., Ltd). To further ensure the authenticity and reliability
Time scope : The time scope of this report is from of the report, we have engaged Pan-China Certi?ed
January 1, 2025 to December 31, 2025 (“reporting Public Accountants LLP Hunan Branch to conduct
period”). To enhance the comparability of the report, independent third-party assurance on this report.
some content traces back historical information.
ReportRelease
ReportBasis
This report is released in electronic form and can
The Guidelines No. 14 of Shanghai Stock be accessed on the website of Shanghai Stock
Exchange for Self-Regulation of Listed Companies- Exchange (www.sse.com.cn), the o?cial website
Sustainability Report (Trial) of Willfar Information(http: //www.willfar.com) and
The Guideline No.13 for Self-Regulation of Sci- the o?cial WeChat account of Willfar Information.
Tech Innovation Board Listed Companies of the This report is available in both Simpli?ed Chinese
Shanghai Stock Exchange – Compilation of and English for readers' reference. In case of any
Sustainability Reports (Draft for Comment) discrepancies, the Chinese version shall prevail.
The Global Reporting Initiative‘s Sustainability
Reporting Standards (GRI Standards) ContactInformation
The United Nations Sustainable Development
Address: Willfar Science and Technology Park, 468
Goals (SDGs)
Tongzipo West Road, Yuelu District, Changsha City,
The China Corporate Sustainability Reporting Hunan Province, China
Guidelines (CASS-ESG6.0)
Postal Code: 410205
Phone: 0731-88619798
DataExplanation Fax: 0731-88619639
The data and information in this report are Email: IR@willfar.com
derived from internal company documents,
Corporate Website: http: //www.willfar.com
statistical reports, etc. Unless otherwise speci?ed,
the denominated currency of the ?nancial data WeChat Account: Willfar Information Technology
covered in this report is RMB. Co., Ltd.
Contents
Introduction 01
SharedValueand
About Willfar Information 03 Responsibility
Implement the National 14th Five-Year Plan: Deepening Industry Collaboration 46
Enhance Corporate Value and Return Commitment to Social Good 50
Enhancement Action, Empower with Digital
Intelligence, and Foster Sustainable Returns 06
System Certi?cations and Industry
Association Memberships 07 EmployeeDevelopmentand
Sustainability Management 11 RightsProtection
Advancing Employee Growth 52
Championing Equality and Diversity 54
ComplianceFoundationand
Powering Our People Through Training 56
TransparentOperations
Embedding a Culture of Wellbeing 61
Ensuring Transparent Governance 15
Upholding Employee Rights 65
Deepening Compliance Operation 22
Upholding Business Ethics 25
Fortifying Information Security 27
GreenOperationsand
DrivenbyInnovationand ClimateResponse
BuiltonQuality Energy, Water Conservation and Emissions
Reduction 68
Innovation-driven Development 29
Green Solutions 71
Lean Quality Protection 35
Environmental Compliance Management 76
Addressing Climate Change 78
Win-WinCooperationand
JointGrowth
Safeguarding Customers' Rights and
Interests 39
Bolstering the Supply Foundation 42
Appendix 1: Key Performance Data Table 80
Appendix 2: GRI Standards and Shanghai
Stock Exchange Sustainability Reporting
Guidelines Index 85
Comments and Feedback 96
AboutWillfarInformation
CompanyPro?le
Willfar Information Technology Co., Ltd.(688100.SH)was established in 2004 and is one of the earliest
enterprises specializing in the Energy IoT in China. It is also a high-tech enterprise and a national-level
specialized, re?ned, unique, and innovative enterprise. Willfar Information was listed on the SSE STAR
Market (Science and Technology Innovation Board) in January 2020.
As a leading provider of comprehensive digital energy solutions, Willfar Information adopts the
development strategy of “IoT Connects the World, Chip Enables the Future”. We have established a core
competitive edge integrating “IoT + Chips + AI”. We are anchored in an innovation-driven positioning
focused on the frontiers of science and technology, major national needs, and the main economic
battle?eld. We are actively advancing our international strategy, accelerating our globalization process,
and striving to become a global energy digitalization service provider.
CorporateCulture
Corporate Vision:Wasion is built for on-going and sustainable innovation
Pursue mutual bene?t and
United Aggressive
Corporate Purpose responsibility upon sincerity Corporate Spirit Pragmatic Creative
and integrity
Creating Value for Users with precise energy metering and To utilize the most of one’s talent and duly perform one’s
smart e?ciency services. job duty; to help and learn from each other with mutual
Creating Value for Employees with fair and decent compensation, understanding and concession.
bene?ts, and professional growth. To shrink from no competition and dare to win; to shrink
Creating Value for Shareholders with sustainable competitive from no challenge and be bold to surpass.
advantage and overall pro?tability. To treat others honestly and work in a pragmatic way; to
Creating Value for the Industry with innovation that follows, ?nd out and seek truth from facts.
parallels, and leads. To have bold ideas and verify them carefully; to be willing
Creating Value for Suppliers through long-term collaboration, to make innovations and create values.
shared success, and mutual growth.
Creating Value for the Community with people-centered
green parks and City-Industry integration.
Creating Value for the Nation through growing ?scal contributions
and industrial leadership.
Creating Value for Society as a socially responsible enterprise
with deep commitment and contribution.
Corporate Mission
Through exceptional technological insight and robust energy-IoT capabilities,We empower every city, every community, every
enterprise and every household by using Willfar Information’s products, technologies, and services, establishing us as the
most trusted expert in smart cities and the Energy Internet of Things.
SocialRecognition
Inclusion in the SSE 100 Index
Inclusion in the SSE 380 Index
Inclusion in the SSE STAR Market 100 Index
Inclusion in the SSE STAR Market AI Index
Inclusion in the SSE STAR Market ESG Index
Inclusion in the CSI 500 Index
National-Level Green Supply Chain Index Inclusion in the STAR POEs
Management Enterprise
Inclusion Inclusion in the Hunan 50 Index
Environmental Corporate
Protection Governance
National-level Specialized, Sophisticated,
Unique, and Innovative "Little Giant" Enterprise Consecutive Three-Year Highest A-Level
China Patent Excellence Award
Technological Rating for Information Disclosure by the SSE
First Prize of Jiangxi Provincial Science and
Innovation Best Practice in Internal Control of Listed
Technology Progress Award Companies by CAPCO
Top 10 Key Enterprises of "AI+" in Hunan Best Practice of the Board O?ce by CAPCO
Province
Best Practice of the Board of Directors by
Top 30 Internet Enterprises in Hunan Province
(Comprehensive Strength) CAPCO
Second Prize of Science and Technology, Best Practice of Earnings Presentation by
Guangdong High-tech Enterprises Association CAPCO
Leading Embedded Software Enterprise Best Sustainability Disclosure Award by New
Top 50 Chinese Listed Companies in New Fortune Magazine
Quality Productive Forces
Innovation Product Award
Famous & High-Quality High-Tech Product of
Guangdong Province
Selected into the List of 100 Iconic Projects of
Digital "New Infrastructure" in Hunan Province
SocialContributions
Top 50 “Specialized, Re?ned, Unique, and Innovative” Small and Top 100 in Revenue Scale,Top 100 in Tax Contribution, Top
Medium-Sized Enterprises in Hunan Province in Tax Contribution 100 in R&D Investment,Top 100 in Social Responsibility
Top100 High-Tech Enterprises in Hunan Province in Tax Contribution Grade A Units for Labor Security Compliance and Integrity in
Top 100 Private Enterprises in Hunan Province in Tax Contribution Changsha
Top 100 Industrial Enterprises of Hunan Xiangjiang New Area Director Unit of Hunan Green Manufacturing Industry Federation
Top 100 Taxpaying Enterprises of Hunan Xiangjiang New Area Inaugural Outstanding CSR Enterprise of the Yangtze River
Economic Belt
PerformanceUp,
StrengthElevated
yuan 15.66 %
Operating Net Pro?t Revenue CAGR
Revenue Since IPO
yuan
YoY Growth
YoY Growth
Net Pro?t CAGR
Since IPO
DeepeningValueCreation, Interim Dividend Distributed for the First Time in 2025
DeliveringTangibleReturns
Proposed Cash Dividend Cash Dividend Payout Ratio
Per 10 Shares in 2025
Return on Equity (ROE)
(including interim dividend)
Ratio of total cash dividends and
Cash Paid for Share repurchases to net pro?t attributable
Total Annual Tax
Repurchases to listed company shareholders
Payments
million yuan
yuan
ConquerTechChallenges,
研发投?
DemonstrateInstantValue
Participation in Standard
million 9 National Standards
yuan R&D investment Formulation
and Revision in 2025
% Personnel 23 Items 1 Local Standard
Total Valid Patents: 760 items 10 Group Standards
GoLow-Carbon,
PursueGreenDevelopment
Total Greenhouse Gas Emissions Greenhouse Gas Emission Intensity
(Scope 1 + Scope 2) (Scope 1 + Scope 2)
ImplementtheNational14thFive-YearPlan:
EnhanceCorporateValueandReturn
EnhancementAction,EmpowerwithDigital
EnhancementAction
Intelligence,andFosterSustainableReturns
Intelligence
During the strategic opportunity period when the national 14th Five-Year Plan is highly aligned with the company's “5-5”
Strategic Plan, the company deeply adheres to the core orientation of "high-quality development", focuses on key areas of
national strategies including innovation-driven development, industrial upgrading, digital transformation, and green low-
carbon development, proactively seizes opportunities in energy transition and digital development, continuously focuses on
its core businesses of energy IoT and smart cities, simultaneously deepens overseas market layout and localized operations,
and promotes coordinated expansion of market scale both domestically and internationally. Guided by the synergy of the two
plans, the company drives the coordinated improvement of quality, e?ciency, and shareholder returns, and achieves the
organic unity of national strategy implementation, company value growth, and shareholder interest protection.
EnhanceCorporateValueandReturnEnhancementAction
During the 14th Five-Year Plan period
yuan 2,564 million
yuan 203.27%
Operating Revenue Net Pro?t Total Shareholder Return
(TSR) since listing
YoY Growth YoY Growth
EmpowerwithDigitalIntelligence During the 14th Five-Year Plan period
million
yuan
Average R&D Overseas Revenue
Total R&D Investment
Investment Ratio
items
YoY Growth
YoY Growth Newly Granted Valid Patents
More than 70 %
Overseas Subsidiaries adopt power communication
Obtained Overseas solutions enabled by our
Established as of the
Certi?cations self-developed chips
end of 2025
FosterSustainableReturns
million
Number of employees Tax Contributions during Number of suppliers
as of the end of 2025 the 14th Five-Year Plan period in 2025
YoY Growth Compared with YoY Growth YoY Growth Compared
the end of 2020 Compared with the 13th with the end of 2020
Five-Year Plan Period
It is 2.5 times
million
Since its listing, the Company has always adhered Total Value of the net IPO proceeds
to the investor-centric return philosophy, continuously Dividends and The scale and intensity
increasing shareholder returns and improving the Share Repurchases of returns underscore
return mechanism. During this period, a total of the long-term value
million in cash dividends was distributed.
million
million
million
million
Including Repurchased Amount equivalent
Cumulative Number Total Repurchase
Shares Cancelled to repurchased and
of Shares Repurchased Amount
cancelled shares
Through share cancellation, we directly enhance the per-share equity of all shareholders and e?ectively boost shareholder value.
In 2025, the Company launched its ?rst interim cash dividend, optimizing the dividend schedule and enhancing the timeliness of
returns, while making a long-term dividend commitment.
For the ?ve years commencing in 2025, the benchmark ratio of the Company’s cash dividends will be no less than 40% ,
ensuring stable and sustainable investment returns for investors through institutional arrangements.
SystemCerti?cationsandIndustry
AssociationMemberships
InternationalCerti?cation
Certi?cation Standard Field of Certi?cation
Capability Maturity Model Integration (CMMI-ML5) certi?cation Others
CE-RED EU Radio Equipment Directive Certi?cation Power Grid and Communication Series Certi?cations
Wi-SUN FAN International Standard Certi?cation Power Grid and Communication Series Certi?cations
IEC Protocol Certi?cation Power Grid and Communication Series Certi?cations
SGS Precision Certi?cation Power Grid and Communication Series Certi?cations
CNAS Type Certi?cation Power Grid and Communication Series Certi?cations
CNAS Conformity Assessment Certi?cation Power Grid and Communication Series Certi?cations
EU G3 Conformity Testing Certi?cation Power Grid and Communication Series Certi?cations
FCC Certi?cation (US) Power Grid and Communication Series Certi?cations
NOM Metrology Certi?cation (Mexico) Power Grid and Communication Series Certi?cations
Anatel Certi?cation Standards (Brazil) Power Grid and Communication Series Certi?cations
IFT Certi?cation (Mexico) Power Grid and Communication Series Certi?cations
DLMS Conformity Testing Certi?cation Power Grid and Communication Series Certi?cations
Tecnalia Type Certi?cation (Spain) Power Grid and Communication Series Certi?cations
OIML R49 Certi?cation Smart Water and Gas Meter Series Certi?cations
MID Certi?cation Smart Water and Gas Meter Series Certi?cations
SGC IP68 Dustproof and Waterproof Certi?cation Smart Water and Gas Meter Series Certi?cations
ISO 4064 Certi?cation Smart Water and Gas Meter Series Certi?cations
WRAS Water Safety Certi?cation Smart Water and Gas Meter Series Certi?cations
OMS Communication Compliance Certi?cation Smart Water and Gas Meter Series Certi?cations
STS Prepaid Product Certi?cation Smart Water and Gas Meter Series Certi?cations
LoRaWAN Certi?cation Smart Water and Gas Meter Series Certi?cations
CE Safety Certi?cation Others
EMC Certi?cation Others
SQM (Saudi Quality Mark) Factory Certi?cation from SASO
(Saudi Standards, Metrology, and Quality Organization) Others
obtained by Winmeter Energy’s Factory
Ce Wireless Certi?cation Others
SystemCerti?cationsandIndustry
AssociationMemberships
DomesticCerti?cation
Certi?cation Standard Field of Certi?cation Certi?cation Body
GB/T 19001-2016/ISO 9001: 2015 Quality Management System DNV (Det Norske Veritas)
Beijing World Standard Certi?cation
GB/T 24001-2016/ISO 14001: 2015 Environmental Management System
Center Co., Ltd.
Occupational Health and Safety Beijing World Standard Certi?cation
GB/T 45001-2020/ISO 45001: 2018
Management System Center Co., Ltd.
CMMI5 Capability Maturity Model Guangzhou Tongbang Information
CMMI MATURITY LEVEL-5 Integration System Technology Co., Ltd.
GB/T 45341-2025 + T/ 3-Star Digital Transformation Maturity Weihai Shenzhou Information
AITRE 10004-2023 Rating Certi?cate Technology Research Institute Co., Ltd.
Measurement Management System Beijing Zhong An Zhi Huan Certi?cation
GB/T 19022-2003/ISO 10012: 2003
Center Co., Ltd.
GB/T 23331-2020/ISO 50001: 2018RB/ China Quality Mark Certi?cation Group
Energy Management System
T 101-2013RB/T 119-2015 Co., Ltd
GB/T 27922-2011 (Five-Star) After-Sales Service System Zhide Certi?cation Co., Ltd.
GB/T 27922-2011GB/ (Seven-Star) After-Sales Service
Zhide Certi?cation Co., Ltd.
T 16868-2009SB/T 11052-2013 Completeness System
Beijing World Standard Certi?cation
GB/T 22080-2016/ISO/IEC 27001: 2013 Information Security Management System
Center Co., Ltd.
Beijing Zhong An Zhi Huan Certi?cation
ISO/IEC 20000-1: 2018 Service Management System
Center Co., Ltd.
Electrostatic Discharge (ESD) Control China Electronic Antistatic Equipment
ANSI/ESD S20.20-2021
System Association
Shenzhen Guoxintong
ISO 28000: 2022 Supply Chain Security Management System
Certi?cation Co., Ltd.
Integration of Information and China Classi?cation Society Quality
GB/T 23001-2017GB/T 23006-2022
Industrialization Management System AAA Certi?cation Co., Ltd.
Bochuang Zhongcheng (Beijing)
GB/T 29490-2023 Intellectual Property Management System
Certi?cation Services Co., Ltd.
Beijing World Standard Certi?cation
GB/T 39604-2020 Social Responsibility Management System
Center Co., Ltd.
Shenzhen Guoxintong Certi?cation
GB/T 32161-2015 Green Design Product Evaluation
Co., Ltd.
T/CIECCPA 060-2023 Carbon Neutrality Management System Best Certi?cation Co., Ltd.
Green Transport Enterprises
Q/BSTRZ 012-2024 Management System Best Certi?cation Co., Ltd.
Q/BSTRZ 011-2024 Green Packing Management System Best Certi?cation Co., Ltd.
SystemCerti?cationsandIndustry
AssociationMemberships
IndustryAssociationEngagement
Category Association Name Membership Level
IEEE (Institute of Electrical and Electronics Engineers) Senior Member
IEEE Power & Energy Society Member Unit
Wi-SUN Alliance Contributor Member
G3 Alliance Member Unit
International
LoRa Alliance Association Adopter Member
STS Association Voting Member
OMS Association Member
DLMS User Association Member
China Electricity Council Director Unit
Measurement, Sensing & Data Fusion Application Professional Committee of
China Electric Power Development Council Vice President Unit
China Instrument Manufacturer Association Member Unit
Chinese Society for Measurement Director Unit
China Energy Research Society Standing Director Unit
Global Energy Interconnection Development and Cooperation Organization(GEIDCO) Member Unit
Carbon Neutrality and New Materials Professional Committee of China Electricity
Technology Market Association Vice President Unit
China Smart Distribution and Internet of Things Innovation Alliance Deputy Group Leader Unit
China Electricity Council Integrated Circuit Standardization Technical Committee Member Unit
National
Smart Terminal SMI02 Working Group of China Smart Metering Alliance Member Unit
Low-Voltage Metering Equipment & Components SMI09 Working Group of China
Smart Metering Alliance Member Uni
China Institute of Communications Member Unit
China Industrial Internet Development Alliance Member Uni
China Association for Quality Member
China Enterprise Confederation Group Member Unit
China Urban Water Association Director Unit
Equipment and Materials Working Committee of China Urban Water Association Member Unit
China Metrology Association Water Meters Working Committee Member Unit
SystemCerti?cationsandIndustry
AssociationMemberships
IndustryAssociationEngagement
Category Association Name Membership Level
Hunan Electrical Engineering Society Member Unit
Hunan Electric Power Industry Association Director Unit
Hunan Instrument & Meter Industry Association Chairman Unit
Hunan Provincial Joint Research Center for New Power System Development Committee Member
Hunan Software Industry Association Standing Governing Unit
Hunan Province Arti?cial Intelligence Industry Innovation Alliance Member Unit
Shanghai Metrology Association Vice President Unit
Hunan Semiconductor Industry Association Member Unit
Hunan Electrotechnical Society Vice Governing Unit
Hunan Association of Automation Governing Unit
Hunan Institute of Electronics Standing Governing Unit
Hunan Information and Communication Industry Association Internet of Things
Special Committee Vice Chairperson
Hunan Kunpeng Computing Industry Technology Innovation Strategic Alliance Member Unit
Governing Unit
Provincial Mobile Internet Association of Hunan Province
(Vice President)
Hunan Green Manufacturing Industry Federation Director Unit
Hunan Trademark and Brand Association Member Unit
Hunan Association of Enterprises for Foreign Economic Cooperation Director Unit
Hunan Contract Compliance and Credit Association Member Unit
Hunan Urban and Rural Construction Industry Association Water Supply Branch Director Unit
Xinjiang Urban Water Association Director Unit
GanSu Water Association Member Unit
GuangXi Urban Water Association Member Unit
GuangDong Water Supply Association Member Unit
Yunnan Water Supply Association Member Unit
Fujian Urban and Rural Water A?airs Association Member Unit
Hunan Urban and Rural Construction Industry Association Water Supply Branch Special Committee
Hunan Water Culture Research Association Member Unit
SustainabilityManagement
ESGGovernanceStructure
Willfar Information has integrated the concept of sustainability into corporate governance, and built a four-
tier ESG governance structure covering the Board of Directors, Strategy & ESG Committee, Sustainable
Development ESG Working Group, and all business departments, thus forming a complete closed loop from
strategic planning to concrete implementation.
Four-tier ESG Governance Structure
Decision-Making Level
As the highest decision-making and accountability
body for Willfar Information’s ESG work, Board of
Directors oversees the implementation of ESG
Board of strategy and policies, and reviews and approves core ESG
strategies and major policy proposals.
Directors
Decision-Supporting Level
Authorized by the Board of Directors, the Strategic
Strat
egy & ESG Committee is tasked with key responsibilities
＆ESG including conducting research on corporate
Comm sustainability and ESG-related policies, reviewing
ittee the ESG Report and other material matters.
Management Level
Management assumes speci?c responsibilities
Su for E SG execution, encompassing the
Dev stain
elo ab implementation and execution of strategy, the
Wo pme le management and control of operational processes,
rkin nt
g G ESG and the coordination of related tasks.
rou
p
Executive Level
The Executive level, as the frontline operational
unit, is responsible for the daily execution of ESG
All tasks, standardizing operational procedures,
B
Dep usine and collecting and reporting underlying data.
art s
me s
nts
StakeholderEngagement
Willfar Information has established a regular stakeholder engagement mechanism. We value communication
and interaction with stakeholders, and through diverse communication channels, we gain in-depth insights
into and actively respond to their expectations and demands, so as to facilitate the e?ective implementation
of the company’s ESG management work.
Stakeholders Key Focus Areas Communication Channels
•Lawful Operation & Compliance
•Project Collaboration
• Anti-Corruption and Business Ethics
• Site Visits
• Protecting Employee Rights
• Work Reports
• Occupational Health & Safety
Government • Exchange Activities
• Waste and Emissions Management
•Investor Rights Protection
• Shareholders’ Meeting
• Lawful Operation & Compliance
• Investor Brie?ng
• Sustainable Products and Solutions
• Information Disclosure
• Innovation & R&D
Shareholders • Telephone & Email Communication
• Stakeholder Engagement
• Premium Customer Services
• Product Quality & Safety •Field Exchanges
• Sustainable Products and Solutions • Satisfaction Surveys
• Data Security and Privacy Protection • Service Hotline
Customers
• Responding to Climate Change
•Compensation and Bene?ts •Labor Union
• Protecting Employee Rights • Workers' Congress
• Employee Training and Development • Corporate Culture Activities
Employees • Occupational Health & Safety • Employee Training
•Supply Chain Management Optimization
•Field Exchanges
• Product Quality & Safety
• Bidding & Tendering
Suppliers • Anti-Corruption and Business Ethics
•Innovation & R&D
• Product Quality & Safety •Industry Exchanges
Industry Associations • Supply Chain Management Optimization
• Commitment to Public Welfare and Charity Event
•Information Disclosure
• Lawful Operation & Compliance
• Company‘s O?cial Website
General Public / • Waste & Emission Management
• Community Activities
Community • Resource Use & Energy Consumption
•Product Quality & Safety
•Information Disclosure
• Sustainable Products and Solutions
• Company‘s O?cial Website
Other Partners • Innovation & R&D
MaterialityIssueIdenti?cation
We invited stakeholders to participate in the issue assessment and sought their suggestions on our sustainable
development. By analyzing the survey results and in alignment with the Company's operational realities and
development plans, we constructed a dual-materiality issue analysis matrix. Furthermore, based on the
assessment outcomes, we will develop corresponding action plans to e?ectively address the concerns of stakeholders.
Materiality Issue Identi?cation
Taking into account an analysis of the macroeconomic environment and policy trends, a
ESG Issue self-assessment of the company’s ESG practices, a review of best-in-class industry
Identi?cation experience, and expert insights, we have identi?ed 21 material ESG issues based on the
double materiality principle.
Building on a scienti?cally designed research questionnaire, we have collected extensive
Stakeholder views and suggestions from stakeholders across diverse sectors through multiple data-
Survey gathering methods, including surveys and semi-structured face-to-face interviews. This
has enabled us to fully map out the key concerns and priorities of all stakeholder groups.
Based on feedback from internal and external stakeholders, the results of materiality assessment
Materiality
are reviewed and con?rmed by the Strategy and ESG Committee. Taking expert opinions
Assessment
of Issues into account, we have ultimately identi?ed 12 highly material issues, 7 moderately material
issues and 2 non-important material issues, as illustrated in the matrix below.
Materiality Issue Analysis Matrix
Category No. Issue
Sustainability Impact Materiality
Environment
Society
Governance
Financial Impact Materiality
Note: Among the 21 topics speci?ed in the Self-Regulatory Guidelines for Listed Companies of the Shanghai Stock Exchange No. 14 – Sustainable Development Report (for Trial Implementation), the following three topics are
not considered ?nancially material or impact-material to the Company: tech ethics, ecosystem and biodiversity conservation, and equal treatment of small and medium-sized enterprises (SMEs). Therefore, they are not
subject to special management, target setting, in-depth analysis, or disclosure as “high- or medium-material topics”. The reasons are as follows:
(1) Tech Ethics
The Company is not engaged in scienti?c research, technological development, or other activities in tech ethics-related ?elds such as life sciences and arti?cial intelligence. No violations of tech ethics have occurred. This topic
is not ?nancially material or impact-material to the Company.
(2) Ecosystem and Biodiversity Conservation
The Company's production and operation activities do not involve damage to ecosystems or biodiversity. This topic is not ?nancially material or impact-material to the Company.
(3) Equal Treatment of SMEs
The Company cooperates with suppliers and customers in accordance with operational needs and upholds the principle of equal treatment of SMEs. No overdue payments to SMEs were recorded in 2025. This topic is not
?nancially material or impact-material to the Company.
Compliance Foundation Driven by Innovation Win-Win Cooperation Shared Value Employee Development Green Operations
and Transparent Operations andBuilt on Quality and Joint Growth and Responsibility and Rights Protection and Climate Response
Compliance Foundation
and Transparent Operations
Compliance as the foundation and transparency as the principle of
operation serve as the bedrock for an enterprise's steady development.
Centering on transparent corporate governance, Willfar Information has
b u i l t a t h re e - l i n e d e f e n s e c o m p l i a n c e m a n a g e m e n t s y s t e m , a
standardized information disclosure mechanism, and a full-cycle
information security protection system in parallel, thus consolidating a
standardized and reliable ecosystem for business operations.
We not only prioritize the in-depth implementation of business ethics
initiatives such as external training and anti-corruption & anti-fraud
practices to consolidate the safety foundation of our operations, but also
proactively promote information disclosure and multi-stakeholder
oversight. These e?orts help build consensus based on trust and inject
sustained stability into the high-quality development of the enterprise.
Ensuring Transparent Governance Deepening Compliance Operation
Scienti?c Governance Structure Three Lines of Defense in Compliance Management
Compliance in Information Disclosure Enhancement of Compliance Management Capabilities
Enhancing Investment Returns Best Practices for Internal Control
Improving Investor Relations E?ectiveness Paying Taxes Lawfully
Upholding Business Ethics Fortifying Information Security
Integrity and Anti-Corruption Information Security Management System
Related Party Transaction Management Information Security Protection
Information Security Training
EnsuringTransparent
Governance
Scienti?cGovernanceStructure
Willfar Information rigorously complies with the Company Law, the Securities Law, the Code of Corporate
Governance for Listed Companies, its Articles of Association, and the relevant regulatory guidelines issued by
the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE). In line with our
operational needs and speci?c conditions, we continuously enhance our corporate governance framework,
re?ne internal control systems and business processes, and comprehensively elevate the standard of our
corporate conduct. All functional bodies, including the Shareholders’ Meeting, the Board of Directors, and
senior management, operate in strict accordance with established internal control mechanisms. This
disciplined approach e?ectively safeguards the legitimate rights and interests of the Company and all
shareholders, ensuring transparency and e?ciency in corporate governance.
Shareholders' Strategic & ESG Committee Number of Shareholders' Meetings Held: 3
Meeting
Number of Board Meetings Held: 6
Nomination Committee
Board of
Directors
Attendance Rate of Board Members: 100%
Remuneration &
Number of Meetings Held by Special Committees
Evaluation Committee
Under the Board of Directors:8
Senior
Management
Audit Committee Number of Motions Reviewed and Approved: 30
Governance Highlights
Abolishing the Supervisory Board, Appointing an Employee Systematically Revising Governance
with the Audit Committee Assuming Its Duties Director to Optimize Board Structure Systems to Form Closed-Loop Management
In accordance with the relevant provisions Through the democratic election process of G u i d e d b y t h e n e w C o m p a n y L a w ,
of Article 121 of the new Company Law, we the Workers' Congress, an Employee the G ov e r n a n c e S t a n d a rd s f o r L i s t e d
initiated an optimization of organizational Director was selected who both represents Companies, and other relevant laws,
structure. On November 7, 2025, employee interests and possesses regulations, and normative documents,
and in light of the company's operational
the Proposal on Abolishing the Supervisory professional expertise in the Energy
development, a comprehensive review was
Board and Amending the Articles of Internet of Things industry. A dedicated
conducted on the compliance and
Association was reviewed and approved by training plan was concurrently developed, applicability of existing systems. In 2025,
t h e s h a re h o l d e r s ' m e e t i n g , f o r m a l l y covering corporate governance rules, the company completed the revision and
deciding to no longer establish a business processes, and regulatory introduction of a total of 25 governance-
Supervisory Board. Its statutory duties policies, to facilitate the Employee Director's related systems, including:
have been assumed by the company's rapid competency in ful?lling their role.
Board of Directors Audit Committee. The addition of the Employee Director
Rules of Procedure for Shareholders'
Through the prior mapping of the duty list further enhanced the Board's diversi?ed Meetings, Rules of Procedure for the Board
and optimization of work?ow, a seamless governance structure, opened a channel of Directors, Work System for Independent
transition of the supervisory function has f o r e m p l oy e e p a r t i c i p a t i o n i n m a j o r D i r e c t o r s , Wo r k R u l e s f o r t h e A u d i t
been achieved. corporate decisions and improved the Committee, among others.
scienti?c basis and public support for
decision-making.
Capitalization Management Policy and
Departure Management System for Directors
and Senior Management Personnel.
Regarding Shareholders and Shareholders’ Meeting
Willfar Information upholds the principle of equal treatment for all shareholders, fully safeguarding their
legitimate rights and interests with particular attention to minority shareholders. We ensure all shareholders
can exercise their statutory rights, including the right to be informed and to participate in decision-making on
material corporate matters.
During the reporting period, the company convened a total of 3 shareholders' meetings.
In addition to the AGM, Extraordinary General Meetings (EGMs) were convened to review the
following motions:
•2025InterimPro?tDistributionPlan
•AbolitionoftheSupervisoryBoardandAmendmentstotheArticlesofAssociation
•AmendmentstoCertainCorporateGovernanceSystems
•RemunerationPlanforEmployeeRepresentativeDirectors(ThirdBoardofDirectors)
Regarding Directors and the Board of Directors
Performance of the Board of Directors
Number of Board Number of Motions
Attendance Rate of
%
Board Members
The Board of Directors of Willfar Information has been selected as
Honor a "Best Practice Case" for two consecutive years
Leveraging the Board of Directors’ long-established
standardized and e?cient operational mechanism
and continuously innovative development
philosophy, Willfar Information has been selected
again for the "Best Practice Case" of listed
company boards of directors in 2025, marking
the second consecutive year of this
recognition.
Board Member Diversity
To enhance governance e?cacy and global operational compatibility, The Board of Directors
Willfar Information has established an internationalized
Board of Directors characterized by diverse professional
backgrounds and complementary skill sets, forming a governance 9 directors
team that balances representativeness and expertise.
Board members have possessed extensive practical experience for one-third of the Board
and industry insights across key domains, including corporate 2 are female directors, accounting for two
strategic management, core business operations, Energy IoT technology -ninths of the Board
research and development, compliance and risk control, ?nancial
decision-making, and the establishment of audit and internal
accounting for one-ninth of the Board
control systems.
Independent Directors' Performance
Professional Composition of Independent Directors
Independent directors are drivers for optimizing the corporate governance structure, supervisors of
standardized corporate operations, and protectors of the interests of minority investors. The company's
three independent directors come from the ?elds of ?nance, electrical engineering, and international
economics, each with over ten years of relevant industry experience. It also includes independent directors
with experience in corporate governance at well-known overseas enterprises.This composition not only
meets regulatory requirements for the independence and professionalism of independent directors but also
precisely aligns with the company's focus on the Energy IoT industry and global operational needs.
Diligent Performance of Independent Directors
In 2025, all independent directors performed their duties with notable effectiveness, maintaining a
independent opinions consistently expressed clear support for compliant decision-making:
Meeting Participation Specialized Duties Governance Involvement
Participated in 6 Board of Directors meetings, Held 1 dedicated meeting of independent Attended 7 governance-related meetings,
Committees meetings. Reviewed 30 major the ” Implementation of 2024 Daily internal control management
proposals covering areas such as related Related-Party Transactions and Forecast communication seminars, and global
party transactions, external guarantees, for 2025 Daily Related-Party Transactions”, trends & corporate internationalization
pro?t distribution, annual reports, and issuing an approval opinion. communication seminars, actively
internal control, conducting professional participating in corporate strategic
reviews and issuing independent opinions. planning and risk prevention and control.
Standardized Operation of Board Committees
The Board of Directors has established four specialized committees: the Strategic & ESG Committee, the Audit
Committee, the Nomination Committee, and the Remuneration & Evaluation Committee. Working rules have
been formulated for each committee. Independent directors constitute two-thirds of the membership in the
Audit Committee, Nomination Committee, and Remuneration & Evaluation Committee, complying with
regulatory requirements. Each committee diligently ful?lls its responsibilities, leveraging professional
expertise to ensure the e?cient operation and scienti?c decision-making of the Board.
Reviewed 11 matters including the annual/semi-annual reports, internal control evaluation report,
storage and use of raised capital, and reappointment of external auditors, supervising the
quality of audit work.
Specially reviewed the 2024 Environmental, Social, and Governance (ESG) Report, proposed
ESG strategy optimization suggestions. The company was recognized as an ESG Best Practice
Case for Listed Companies.
Reviewed and veri?ed 3 proposals, including the ful?llment of unlocking conditions for the
?rst-phase employee stock ownership plan and the remuneration schemes for the employee
representative director and senior management, linking compensation with performance.
ComplianceinInformationDisclosure
Willfar Information strictly complies with information disclosure regulatory requirements. Tailored to its
information management needs, it has improved the disclosure management system and con?dentiality
mechanism, re?ned the responsibilities of disclosure o?cers, and enhanced key personnel’s capabilities via
professional training, fully ensuring the truthfulness, accuracy, completeness and timeliness of information
disclosure. Relevant departments and sta? perform disclosure and con?dentiality duties in accordance with
rules, e?ectively safeguarding the legitimate rights and interests of investors and the company, and boosting
disclosure standardization and market credibility.
released, including 16 voluntary announcement
documents, speci?cally as follows
Strengthen Disclosure Standardization
Willfar Information strictly complies with the Company Law of the People's Republic of China, the Securities
Law of the People's Republic of China and other relevant laws, regulations and regulatory requirements. It has
formulated the Information Disclosure Management System and Insider Information Registrant Management
Measures to regulate information disclosure and insider information management, protect stakeholders'
rights and interests, uphold disclosure fairness, and organize professional training for directors, supervisors
and senior management to enhance their compliant performance capabilities.
Standardize Information Improve Insider Strengthen Core
Disclosure Management Information Registration Personnel Training
Formulate the Information Disclosure Formulate the Insider Information Organize directors, supervisors and
Management Policy to regulate Registrant Management Measures to senior management in professional
disclosure conduct of the company and strengthen insider information training to improve compliant
relevant obligors and protect legitimate con?dentiality, standardize insider performance capabilities of core key
rights and interests of investors and information management, and uphold personnel.
other stakeholders. fair information disclosure.
Awards and Recognitions
Highest A-Level Rating for Information Disclosure by the SSE (for 3 consecutive years)
Best Practice of the Board O?ce by the CAPCO (for 3 consecutive years)
Best Practice of the Board of Directors by the CAPCO (for 2 consecutive years)
Best Practice of Earnings Presentation by the CAPCO
Best Sustainable Development Disclosure Award by New Fortune Magazine
Enhancing Information Disclosure Effectiveness
Willfar Information adheres to the principles of truthful, accurate, complete, timely and fair information disclosure.
We actively promote voluntary disclosure, promptly releases information relevant to investors' value
judgment and decision-making, and takes the initiative to disclose operational information in light of industry
policies and market dynamics, helping investors better understand the company's operations.
Meanwhile, we commit to diversi?ed innovation in disclosure formats. We prioritize concise, clear content
and accessible language, and use diverse forms like graphics and videos to help investors fully understand
the company and reduce market perception barriers.
EnhancingInvestmentReturns
The Company actively responds to the capital market's special initiative on " Enhancing Quality,
E?ciency and Returns," with the core objectives of enhancing shareholder returns and boosting
investor con?dence. By optimizing the dividend mechanism, increasing the frequency of dividend
payments, formulating long-term return plans, and incorporating measures such as share
repurchases and cancellations, the Company has formed a combined approach where "dividends +
repurchases" work in synergy. This has established a multi-dimensional and sustainable
shareholder return system, tangibly rewarding the trust and support of investors with real capital.
Interim Cash Dividend Per 10 Shares in 2025
Proposed Cash Dividend Per 10 Shares in 2025 Enhance the Timeliness of Returns
In 2025, the Company implemented a dividend model of
Cash Dividend Payout Ratio "Annual Dividend + Interim Dividend," e?ectively translating
returns for shareholders and establishing a stable and
Cash Paid for Share Repurchases predictable path for investment returns. This measure
them to share in the Company's operational results more
Ratio of total cash dividends and repurchases to promptly.
net pro?t attributable to listed company shareholders
Strengthening Share Repurchases to Enhance Since Listing
Value Per Share
Cash Dividend
The Company actively utilizes share repurchase tools to
enhance investor returns. To date, the Company has initiated Amount of Share Repurchase
and successfully completed two rounds of share repurchase 449 million yuan
plans, cumulatively repurchasing approximately 16.55 million
shares with a total repurchase amount of RMB 449 million. A Total Returns
total of 8.31 million repurchased shares have been cancelled, 1,529 million yuan
equivalent to a cash dividend of RMB 200 million. The share
cancellations e?ectively increase the Company's earnings per Total Returns as a percentage of net IPO proceeds
share, optimize the share capital structure, and tangibly 250%
enhance shareholder equity value through substantive "real
capital" measures. Our Company commits to maintaining a 40%
baseline dividend payout ratio for the ?ve-year
period commencing in 2025.
ImprovingInvestorRelationsE?ectiveness
The Company consistently regards investor relations management as a vital link connecting the market and
the company. Centered on the goals of "more transparent information disclosure, more standardized
communication mechanisms, more precise value communication, and a stronger sense of investor gain," the
Company has established a diversi?ed, e?cient, and transparent communication system. It continuously
deepens information dissemination and two-way interaction while e?ectively safeguarding investors' rights to
information and participation. Through systematic, digital, and internationalized investor relations practices,
the Company promotes the formation of market value consensus.
Best Practice
Held periodic report
Brie?ngs - Best Practice Top 16
performance brie?ngs
Award According to statistics from
the third-party platform
“Wind”, the Company ranked
Coverage reports and analyses
Participated in over 200 number of investor surveys
from brokerage ?rms over 50,
online and o?ine research/ received throughout the year
e?ectively communicating the
communication events
Company's core value
Attracted attention/
Total Investor Calls Cumulative Investor
engagement from over 300
answered Engagements
investment institutions
Implementing Multi-Dimensional Initiatives to Solidify the Foundation
of Investor Relations Work
The Company has long attached great importance to investor relations management, establishing diversi?ed
and e?cient communication channels to ensure the timely dissemination of company information.
Multi-Platform Investor Communication, Building a Full-Chain Interactive System
Regular Interaction with Minority Investors: Leveraging channels such
as the SSE E-interactive platform, Jinmencaijing, Panorama Network, Guba,
and Xueqiu, the Company has established a mechanism for collecting and
responding to investor inquiries. It promptly summarizes constructive
suggestions from investors and relays them to senior management,
facilitating internal discussion and follow-up on related issues to ensure the
voices of minority investors are fully heard.
Innovative Upgrade of Performance Brie?ngs: The 2024 annual
performance brie?ngs employed a full-chain communication system
encompassing "pre-event promotion - live broadcast during the event - post-event
dissemination." It was broadcast simultaneously on multiple platforms including
the SSE Roadshow Center, Tonghuashun, and East Money. The introduction of
AI-powered bilingual support enhanced the participation experience for
overseas investors and improved international communication e?ectiveness.
Safeguarding the Rights and Interests of Minority Investors, Strengthening
the Exercise of Rights
Optimization of Shareholders' Meeting Voting Mechanisms Separate Vote Counting for Minority Investors
All three Shareholders' Meetings held during the year For material events involving the interests of minority
utilized a combination of on-site voting and online investors (such as the remuneration scheme for the
voting. The "One-Click" intelligent noti?cation service Employee Representative Director, pro?t distribution
was employed to proactively send meeting notices and plans, etc.), the rules for separate vote counting were
voting instructions via SMS, accurately reaching all strictly followed. The vote counting results were promptly
registered minority shareholders and e?ectively disclosed in accordance with regulations, e?ectively
increasing shareholder participation. safeguarding the voting rights of minority investors.
Building a Digital Platform to Create an Ef?cient Investor Engagement Channel
The Company has completed the deployment and integration of an IR mini program within
the "Investor Engagement" section of its o?cial WeChat public account, achieving two core
functions: First, it synchronously pushes the company's latest announcements, ensuring
investors receive authoritative information promptly. Second, it adds a research visit
appointment feature, building an e?cient and convenient two-way communication bridge
between the company and investors, thereby strengthening interactive connectivity.
Thematic Exchanges and Investor Education Practices
In June 2025, Willfar Information collaborated with Jinyuan In October 2025, guided by the Shanghai Stock Exchange,
Securities to jointly organize the "I Am a Shareholder" thematic the Hunan Securities Regulatory Bureau, and the Hunan
event. Through interactive exchanges, the event enhanced Securities Association, and jointly organized with Caixin
investors' understanding of the company's operational status Securities and the College of Economics of Hunan
and development strategy, continuously strengthened investor Agricultural University, the company held a World Investor
relations management, and improved communication quality. Week "I Am a Shareholder" event, inviting participants to
visit a Shanghai-listed company, ful?lling its social
responsibility for investor education.
Linking with Global Capital, Strengthening the Foundation of International Trust
The Company continues to deepen the internationalization of its investor relations strategy. Building on the communication
mechanism established with international investors through Hong Kong, the Company accelerated its e?orts in 2025.
In September, for the ?rst time, the Company expanded overseas by participating in the Singapore roadshow organized by the
China Association of Public Companies (CACP) and proactively contacted investors for reverse roadshows, systematically
conveying the company's strategic vision and development rationale to the Southeast Asian capital market.
In October, the Company organized overseas investors to conduct on-site research at its Indonesian subsidiary, marking the ?rst
time in the company's history that international investors were invited to visit an overseas production base.
These initiatives not only signify the extension of the company's international investor relations work from "going global" to "inviting
in," but also tangibly enhanced overseas investors' direct understanding of the company's global operational capabilities and long-
term value, laying a solid foundation for deepening international capital cooperation.
DeepeningCompliance
Operation
ThreeLinesofDefenseinComplianceManagement
First Line of Defense Ensure business activities comply with laws, regulations
Business Department and internal policies, and uphold professional ethics.
Second Line of Defense Organize compliance risk identi?cation and assessment
Compliance Department and take timely corrective actions.
Third Line of Defense
Conduct independent assessment and audit on the
Audit & Inspection Department e?ectiveness, adequacy and appropriateness of the
compliance management system.
EnhancementofComplianceManagement
Capabilities
Based on its compliance management needs and operational features, Willfar Information conducts systematic
compliance training hierarchically covering controlling shareholders, directors, supervisors, senior management
and core managers. It drives responsibility implementation among key personnel, strengthens company-wide
compliance awareness, and solidi?es the foundation for compliant operations. All employees perform their
duties per training requirements and responsibility norms, ensuring e?ective compliance management
implementation and supporting the company’s steady development within the compliance framework.
Dissemination of Regulatory Updates
The company has established a regulatory update dissemination mechanism combining "Quarterly
Distribution + Real-time Communication" to ensure that the "Key Personnel" grasp the latest regulatory
requirements promptly.
Regular Distribution: Compiled and issued 4 quarterly editions of the Capital Market Regulatory Updates, systematically
consolidating regulatory rules, self-regulatory guidelines, regulatory Q&As, etc., issued by the China Securities Regulatory
Commission (CSRC) and the Shanghai Stock Exchange (SSE), and precisely distributed them to controlling shareholders, actual
controllers, and Directors, Supervisors, and Senior Management.
Real-time Communication: Promptly forwarded 5 issues of the Supervisory Reminders for Controlling Shareholders and
Actual Controllers published by the SSE in 2025. Organized special interpretations for major regulatory policy changes to ensure
regulatory requirements are communicated and implemented e?ectively.
Hierarchical Training
The Company has established a tiered and categorized compliance training system covering controlling shareholders,
actual controllers, Directors, Supervisors, Senior Management, core management, and key position employees. In
and full sta? coverage. This included 17 internal compliance training sessions focusing on the new Company
Law, the Corporate Governance Code for Listed Companies, information disclosure compliance, and the prevention
of insider trading. Simultaneously, the Company organized 25 external authoritative training sessions by
leveraging regulatory and industry platforms such as the CSRC, SSE, Pujiang Lecture Hall, China Association for
Public Companies (CAPCO), and the Capital Market Institute. These sessions covered core topics including
corporate governance, ESG management, and investor relations, forming seven major course series. In
addition, the Company organized one in-depth specialized o?ine training, inviting experts from accounting
and law ?rms to interpret the latest regulatory policies through on-site workshops and interactive Q&A.
Hierarchical and Classi?ed Training 17 Internal Compliance Training
A total of training sessions held in 2025
Compliance Responsibilities
The company actively consolidates responsibilities of key personnel, guides all employees to establish
compliance awareness, and drives its steady development based on compliance.
BestPracticesforInternalControl
In 2025, Willfar Information Technology Co., Ltd was awarded the "Best Practice in
Internal Control of Listed Companies" certi?cate by the China Association for
Public Companies (CAPCO). Moving forward, we will take this opportunity to
continuously deepen the construction of internal control mechanisms, further improve
governance e?ciency, and lay a solid foundation for high-quality development.
PayTaxesLawfully
Willfar Information sets compliance, legality and integrity as the core goals of tax management. It strictly
abides by all tax laws and regulations, earnestly ful?lls tax responsibilities and obligations as a corporate
citizen (regarding tax liability as one of its core social responsibilities). Proactively cooperating with tax
authorities, the company promptly follows up on updates and adjustments to tax policies, optimizes our tax
management practices, and ful?lls tax obligations. Through compliant tax management, we maintain a healthy
and orderly market tax environment and solidi?es the compliance foundation for our global operations.
Honors for Tax Contribution
Top 100 Private Enterprises in Hunan Tax Payment for 2025
Province in Tax Contribution RMB 274 million
Top 100 High-Tech Enterprises in Hunan
Province in Tax Contribution
Cumulative Tax Payment
Top 50 “Specialized, Re?ned, Unique, and Since Listing
Innovative” Small and Medium-Sized
RMB 1,122 million
Enterprises in Hunan Province in Tax
Contribution
Top 100 Private Enterprises in Hunan
Xiangjiang New Area in Tax Contribution
UpholdingBusiness
Ethics
IntegrityandAnti-Corruption
Willfar Information continuously re?nes its integrity and anti-corruption mechanisms, improves supervision
processes and risk early warning systems, and consolidates the foundation for integrity in business operations
in light of its actual business and management needs. All departments and employees perform their duties in
accordance with integrity systems and norms to safeguard the legitimate rights and interests of all parties and
ensure the regular and e?ective advancement of integrity building.
Fair Competition
Willfar Information has always strictly abided by the Anti-Monopoly Law of the
People's Republic of China, the Anti-Unfair Competition Law of the People's
Republic of China and relevant regulatory requirements in overseas regions. It
consciously follows market competition rules, actively practices fair competition
business principles, and ?rmly resists all forms of unfair competition.
Integrity Building
Adhering to the core principle of integrity in operations, Willfar Information
maintains zero tolerance for all forms of bribery and corruption. Through
initiatives including a sound system framework, improved supervision
mechanisms, and enhanced employee education and cultural development, the
company ensures all business activities comply with integrity and transparency Signing rate of
principles. In line with anti-corruption and anti-fraud laws, it has formulated the Integrity and
internal rules such as the Employee Handbook to guide employees' professional Self-Discipline
conduct and conducts regular integrity education. In 2025, all employees signed Commitment Letter
the Integrity and Self-Discipline Commitment Letter, with no corruption-
related litigation involving the company or its employees.
Integrity Training
In June 2025, the company organized management to attend the "Hunan Listed
Companies ESG and Integrity Culture Construction Training" by the Hunan Association
for Public Companies. Aligned with the latest ESG disclosure and integrity regulations
for listed companies, the training deepened management’s understanding of
compliance boundaries and risks, provided practical guidance for improving the ESG
management system and integrity internal control mechanisms, and reduced
compliance and reputational risks. By learning from excellent cases and mature
experiences of listed companies in Hunan and nationwide in ESG and integrity
culture, the company optimized its implementation path based on business realities,
avoided trial-and-error costs, and enhanced work e?ciency and e?ectiveness.
Willfar's Ten Prohibitions
Prohibit all forms of bribery in the name of information fees, consulting fees, kickbacks, commissions or other pretexts to
customers, cooperative units, government departments or individuals.
Prohibit the illegal acceptance of any form of money or physical items from suppliers and relevant cooperative units by
taking advantage of o?cial positions, and strictly prohibit soliciting bribes.
Prohibit bribery, soliciting bribes or accepting bribes in any form within the company under any pretext.
Prohibit commercial information fraud and excessive promises in any name or form.
Prohibit defrauding customers, partners, superiors or subordinates in any form by utilizing various information
advantages entrusted by the company.
Prohibit the illegal theft, use or disclosure of the company's commercial secrets.
Prohibit the illegal infringement of the legitimate intellectual property rights (including copyrights, trademarks, patents, etc.) of
the company or any third party, and the unauthorized acquisition or use of computer software without legal authorization.
Prohibit using the company's property, information or authority to conduct any commercial investment or seek illegal
interests for oneself or relatives and friends.
Prohibit directly or indirectly holding shares, taking part-time jobs, or engaging in any form of business or economic
cooperation in companies with the same or similar business as the company or in cooperative units during employment
and non-compete periods without the company's permission.
Prohibit all forms of discrimination and sexual harassment.
Reporting Management
To build a compliant, transparent, healthy and orderly business operation
environment, Willfar Information has formulated the Employee Complaint and
Reporting Management Measures. If employees, partners or other relevant
parties discover clues of suspected corruption, bribery, fraud or other improper
Email:hr@willfar.com
behaviors within the company or in business transactions, they may report
anonymously or in real name through designated channels. The company will Tel:0731-88619542
strictly adhere to the principle of con?dentiality, fully protect the privacy
and legitimate rights and interests of whistleblowers, and ensure that
reported clues are inspected and handled impartially and e?ciently.
RelatedPartyTransactionManagement
Through deliberation by the "three meetings and one layer", supervision by independent directors, and strict
information disclosure, the company achieves full-process compliance and openness and transparency of
related party transactions. We dynamically revise detailed rules to adapt to the latest regulatory requirements,
consolidating the foundation of corporate governance.
Standardized meeting deliberation and information disclosure:
On February 27, 2025, the related party transaction proposal was deliberated and adopted at the special meeting of independent
directors of the board of directors and the 17th meeting of the third board of directors, and an announcement was disclosed in
accordance with compliance requirements; it was approved at the annual shareholders' meeting on March 24.
Professional supervision by independent directors:
In accordance with stock exchange rules and the company's Implementation Rules for Related Party Transactions, independent
directors conduct supervision from the perspectives of transaction necessity, pricing fairness, approval compliance and
shareholder interest protection.
Dynamic system update:
In 2025, in accordance with the revised Shanghai Stock Exchange Guidelines for Self-Regulation of Listed Companies No. 5 -
Transactions and Related Party Transactions, the company organized the update of the Implementation Rules for Related Party
Transactions to ensure full alignment with regulatory rules.
Fortifying
InformationSecurity
InformationSecurityManagementSystem
Information security is the core cornerstone of maintaining customer trust and ensuring the continuous and
stable operation of business. Guided by "full-process control", Willfar Information has established a compliant
and standardized information security management system. This enables the company to systematically
address various information security risks and challenges amid the complex environment of accelerated
digital transformation, laying a solid security barrier for sustainable business development.
System Construction Con?dentiality Management
In strict compliance with national laws and regulations such as Willfar Information
the Cybersecurity Law of the People's Republic of China and continuously improve
the Data Security Law of the People's Republic of China, and internal management
with reference to the international standard ISO 27001 for mechanisms, sign the
information security management systems, Willfar Information Information Security and
has formulated a series of special systems including the Con?dentiality Agreement
Information Security Management Measures and the Data with relevant personnel,
Center Backup & Recovery Management Measures. enhance employees’ sense
of responsibility and professionalism, and
System Certi?cation strengthen supervision through multiple
m e a s u re s t o s a f e g u a rd i n f o r m a t i o n
Having obtained ISO 27001 certi?cation, Willfar Information security and prevent leakage of
strengthens full-chain protection through "cooperation + information and privacy of customers,
independent R&D", safeguards the information assets of all users, suppliers and industrial chain
parties, and resolutely eliminates irregular operations and partners to third parties.
compliance risk incidents.
InformationSecurityProtection
Monthly scheduled scans, batch reverse domain Collaborating with top industry information security ?rms,
lookup for IP address ranges, and intranet penetration
scans accurately identify intranet exposure surfaces
we’ve built a multi-level information system security
and weak protection links, e?ectively preventing protection system. Driven by independent R&D, we
Yxlink NVS external attacks via intranet penetration channels.
continuously upgrade the security architecture and
real-time monitoring of copying, printing, and external
transmission of design ?les, identifying sensitive management systems, strictly protecting the information
content with timely alerts or blocks to keep core data assets of customers, users, suppliers and industrial chain
DS Guardian controllable during circulation.
partners and eliminating information leakage and privacy
attacks, blocking security risk transmission from
the source and fortifying network security for the remarkable information security management results with
company ’s digital operations and sustainable
NGAF business development. no related incidents.
InformationSecurityTraining
We conduct information security training, including corporate information and data security, and data security
compliance for overseas digital transformation, to enhance employees’ security awareness, help them identify
potential risks and master appropriate protective measures.
Compliance Foundation Driven by Innovation Win-Win Cooperation Shared Value Employee Development Green Operations
and Transparent Operations andBuilt on Quality and Joint Growth and Responsibility and Rights Protection and Climate Response
Driven by Innovation
and Built on Quality
Innovation serves as the core driver for enterprises to implement ESG
principles and achieve sustainable development. Willfar Information
focuses on R&D innovation, intellectual property training, innovation
capability building, and the smart manufacturing practices of Excellence-
class Smart Factory. Integrated with the establishment of a quality
management system underpinned by the "One Core, Two Wings, Three
Integrations" digital quality management platform, the Company has
charted an implementation pathway for delivering full-chain smart energy
solutions. Through technological innovation, it enables e?cient energy
utilization and low-carbon industrial upgrading, injecting powerful green
momentum into the development of new quality productive forces.
Innovation-driven Development Lean Quality Protection
Engaging in R&D Innovation Quality Management System
Innovation Capability Building Quality Management Platform
Intellectual Property Protection Quality Training Empowerment
Excellence-class Smart Factory Product Quality Improvement
Innovation-driven
Development
EngaginginR&DInnovation
Against the backdrop of industry convergence propelled by the global green energy transition and
advancements in AI computing, the Company closely aligns with macro initiatives including the national
development of a Next-Generation Power System, the Digital China strategy, and the pursuit of Carbon Peak
and Carbon Neutrality. Guided by our vision to be a "Globally Leading Energy Digitalization Service Provider",
the Company is committed to wedding its "In-house R&D + Collaborative Innovation" technology roadmap to
the requirements of fostering new quality productive forces.
R&D Achievements
in 2025
R&D Patents
The annual R&D The Company secured 97 new patents,
investment was
including 32 invention patents.
yuan
Achieved 19 scienti?c and technological
achievement certi?cations.
in 2025
R&D Achievements
R&D Personnel Published 9 scienti?c and technological papers.
Revenue from AI-related products reached
Among them, 182 individuals hold a 737 million yuan in 2025.
master's degree or higher.
AI-driven technological innovation has become
In 2025, there were 49 innovative products the core engine for business growth.
and solutions launched.
R&D Honors
The company earned multiple prestigious honors: we were successfully recognized
as a National Excellent-Class Smart Factory and passed the reevaluation for the
National-Level "Little Giant" Enterprise (Specialized, Re?ned, Unique, and
Innovative). In the ?eld of technological innovation, the company received a series
of accolades, including the China Patent Excellence Award, the First Prize of the
Science and Technology Progress Award from the China Electrotechnical Society, the
First Prize of the Jiangxi Provincial Science and Technology Progress Award, the
Second Prize for Hunan Provincial Patents, and the State Grid "First Prize for Science
and Technology Progress” among others. It has also consecutively won the First
Prize of the Hunan Provincial Science and Technology Progress Award multiple
times. Leveraging strong technological capabilities, the company was successfully
selected for titles such as the Top 50 Chinese Listed Companies in New Quality
Productive Forces.
Product Certi?cation
Product Certi?cation / Quali?cation Core Value
Overseas Complies with global smart power grids
SGS Wi-SUN, DLMS, G3-PLC
Concentrator data transmission standards, enabling
International Certi?cations
(DCU) international market access
Power IoT Communications
Integrated Internationally advanced; compatible with
IEC60870-5-101/104 Protocol
Measurement & markets in the Middle East, Europe, and
and Terminals
Certi?cation from European KEMA
Control Terminal South Korea, fault detection accuracy has
Lab; Korea KERI Type Certi?cation
(RTU) been signi?cantly improved
Based on self-developed RISC-V-Wi-SUN
Power IoT Wi-SUN
FCC Certi?cation (US) chip with -109dBm receiving sensitivity
Communication
and proprietary active random frequency
Module
hopping technology. Data reading e?ciency
Smart Electric Compatible with E-Hong OS, featuring
Measurement Leading Domestic Technology pluggable dual-card dual-network + dual
Terminal Level Ethernet, high-frequency full-volume data
(3 Models) collection, leading technological upgrade
Product Certi?cation / Quali?cation Core Value
Micro-weather, video-integration, and
Smart Sensing and Transmission
Transmission
leading technology; 1 item as leading levels; conductor temperature
Line Monitoring
nationally advanced technology monitoring at nationally advanced level,
Suite
covering 20+ parameters
Line Monitoring
OIML (International Organization
Full Series of Globally recognized metrological accuracy;
of Legal Metrology), MID (EU
Intelligent mandatory for EU market access; material
Measuring Instruments Directive),
Ultrasonic safety endorsement for the UK premium
WRAS (UK Water Regulations
Water Meter market
Advisory Scheme) certi?cations
leading technology; 4 items as module, miniature intelligent current sensor,
Sensing Suite
nationally advanced technology E-Hong-compatible Beidou smart terminal, etc
Product Certi?cation / Quali?cation Core Value
SoC architecture reduces dynamic power
Power Line Overall Technical Level Has
consumption to 30% of grid standards,
Broadband
Communication
Reached International
serving State Grid, China Southern Power
Carrier Chip
Chips and
Advanced Standards
Modules
Grid, Bangladesh NESCO, etc
Dual-Mode Centered on the E-Hong OS, it enhances
Communication Leading Domestic Technology operational e?ciency and data transmission
Modules Level reliability, adaptable to complex grid
(4 Models) environments
Software Certi?cations and System Accreditations
WillfarOS-Things (Lightweight Real-Time Operating System for Power
Software Product and IoT): Through technological achievement evaluation, the system boasts
System Certi?cations a 100% self-developed code rate and features low power consumption
and high reliability, e?ectively enhancing the operational stability and
response speed of terminal devices.
Electric Hong IoT Operating System: Has completed full domestic
adaptation, supporting three core products—including three smart
electric measurement terminals and four dual-mode communication
modules—to reach a domestically leading level. It enables real-time
data collection and reporting across the entire low-voltage distribution
network, with time synchronization accuracy improved to the
millisecond level.
CMMI-ML5 Certi?cation: Having achieved the highest-level certi?cation
under the International Software Maturity Model, we have joined the
ranks of only a handful of global enterprises capable of providing high-
quality software integration services to markets worldwide. Our
software development processes have been recognized internationally
for our standardization and normalization.
International/Local AAA-level Certi?cation of the Integration of Informatization and
System Quali?cation Industrialization Management System: Obtaining the highest-level
Certi?cation certi?cation from the Ministry of Industry and Information Technology
signi?es that our enterprise has reached a domestically leading level of
deep integration between information technology and industrialization,
realizing a development model driven by core business data.
Digital Transformation Maturity “Three-Star” Certi?cation: This is the
highest-level certi?cation issued by the Ministry of Industry and
Information Technology for digital transformation standardization. We
are one of only four enterprises in Hunan Province that simultaneously
hold both the “AAA-level Certi?cation of the Integration of Informatization
and Industrialization Management System + Digital Transformation
Three-Star Certi?cation,” with remarkable achievements in areas such
as digital R&D, smart factory construction, and re?ned operations.
Standard Development The company has cumulatively participated in the drafting and revision
and International of 110 standards, including 2 international standard, 49 national standards,
Cooperation and 59 industry, local, or association standards. The company was invited
to attend the IEEE P2413.2 international standard conference and
participated in the IEEE P2413.2 Working Group Meeting and related
forums, contributing to the development of a global next-generation
distribution Internet of Things architecture. the company has joined the
Global Energy Interconnection Development and Cooperation
Organization (GEIDCO). In collaboration with global partners in the
energy sector, we have reached consensus on issues including
technological innovation and joint international standard development,
driving forward the green transition of the energy industry.
InnovationCapabilityBuilding
Willfar Information Technology Co., Ltd has established a synergistic institutional framework that integrates
“innovation management and talent development.” Through systematic institutional design, it integrates and
coordinates the allocation of innovation resources, the conversion of outcomes, and incentive mechanisms. At
the same time, we have set up a comprehensive talent-development system covering the entire chain—from
attracting talent, nurturing talent, utilizing talent, to retaining talent—continuously strengthening the
company’s capacity for sustained innovation.
Recruit Cultivate Employ Retain
talents talents talents talents
Innovation Management
Driven by the ?ve-year technology roadmap, we develop annual product roadmaps and assess the
e?ectiveness of our technologies. We adopt an IPD model—primarily based on independent R&D—to
manage R&D risks and shorten the R&D cycle. At the same time, by establishing research institutes
and innovation funds, we promote platform-based operations, generating an average of over 20
invention patents per year. Furthermore, at year-end, we introduce various awards, including the
Best Innovation Award, to further strengthen innovation incentives. All these e?orts are advanced
monthly by the Technology Management Department and aligned with annual innovation
performance evaluations.
Talent Development
A dual-track promotion system has been established, creating a supportive mechanism for talent
development and succession planning. The two systems complement each other, e?ectively
facilitating the implementation of corporate innovation practices and ensuring the long-term
development of core talents.
IntellectualPropertyProtection
Development of R&D Systems
Willfar Information places high importance on intellectual property rights (IPR) protection. We
strictly complie with relevant laws and regulations, including the Patent Law of the People’s Republic
of China, the Copyright Law of the People’s Republic of China, the Trademark Law of the People’s
Republic of China. Internally, the company has established a suite of management systems, such as
the “Intellectual Property Management Measures,” “Trademark Management Measures,” and
“Intellectual Property Archives Management Measures,” to protect its innovation outcomes. These
systems are designed to strengthen and standardize the entire lifecycle of IPR, covering application,
maintenance, utilization, protection, and administration.
R&D Information Con?dentiality
Furthermore, the Company de?nes policies regarding employee con?dentiality,
non-compete obligations, rewards and penalties related to secrecy, and
archival management. To prevent the leakage or loss of intellectual property
information, all employees are required to sign a “Con?dentiality Agreement,”
establishing institutional safeguards. The company also conducts regular IPR
education and training programs for its sta? to enhance their awareness and
understanding of intellectual property protection.
Intellectual Property Protection
We actively promote intellectual property protection within the industry and are committed to fostering
the establishment of self-regulatory norms for intellectual property in our sector. We respect the intellectual
property rights of other companies in the industry and proactively avoid intellectual property
disputes. During the reporting period, no intellectual property lawsuits or arbitrations occurred.
Intellectual Property Training
We prioritize enhancing employees' professional capabilities in
intellectual property (IP) protection and utilization. To this end,
we conduct specialized training sessions covering essential
topics such as the core techniques of patent mining, the
fundamental principles and general processes of patent portfolio
strategy, as well as the procedural steps and key considerations
in patent mining. Throughout the training, we incorporate
practical case studies to assist employees in better
understanding and applying the acquired knowledge.
Excellent-ClassSmartFactory
Willfar Information has adopted the "WS538" as the overall framework for smart manufacturing, advancing
the construction of smart factories. Based on automation, information integration, and intelligent exploration,
the company has built a factory that supports digital twins, deployed a 5G private network, data center, and AI
computing platform, achieving modeling from equipment to the entire factory. Key implementations include
digital twin modeling, 5G network optimization, industrial sensor networks, and edge computing nodes. The
company has established smart production line equipment and visual inspection systems, applied layered
security protection and localized industrial software, initially forming a virtual-physical interactive
manufacturing system, and creating a new smart manufacturing model that integrates "equipment control +
manufacturing execution + operation management + business decision-making.”
R&D Design Production Operations
A digital R&D system has been constructed, integrating Modular intelligent equipment and human-machine
EDA design, signal simulation, and 3D modeling collaboration systems have been deployed. Flexible
tools, with full lifecycle data management realized manufacturing units based on digital twin
through the PLM system. The application of virtual technology have been built to support process
simulation technology has shortened the PCB switching. A full-process quality monitoring
design cycle by 20% and reduced prototype system has been established, integrating
i t e ra t ions by 30%. The deployment of SPI/AOI/FCT inspection technologies. Deep
intelligent programming and knowledge learning and predictive analysis technologies
recommendation s y s t e m s h a s e n h a n c e d are utilized to assist in optimizing production
embedded development e?ciency, transforming processes, promoting collaborative management
R&D from experience-driven to data-driven. of equipment, processes, and quality.
Production Management Operation Management
A multi-system integration platform centered on A digital operation system has been established,
ERP/APS/MES/WMS has been constructed, building a including a supply chain planning collaboration
comprehensive data fusion system covering human, platform and a supplier lifecycle management system.
machine, material, method, safety, energy, and environment. A customer pro?le system and intelligent marketing
An AI algorithm-based intelligent production scheduling service system have been developed. An enterprise-
system has been developed. A full-process online monitoring level data platform has been built, deploying
and re?ned control mechanism has been established. intelligent early-warning models and decision support
Intelligent monitoring terminals for energy consumption, tools to drive the intelligent transformation of core
safety, and environment have been deployed, enabling operational management businesses.
intelligent closed-loop management of production planning,
material distribution, energy management, and more.
Willfar Information was awarded the title of "National Excellent-Class Smart
Factory", which not only signi?es that Willfar Information's digital manufacturing
capabilities have reached an industry-leading level but also sets a new benchmark for
the intelligent transformation of the entire Energy Internet of Things (Energy IoT)
equipment sector.
LeanQuality
Protection
QualityManagementSystem
Based on the quality philosophy that “Quality is the life of the enterprise and the dignity of every employee“,
Willfar Information has pioneered a systematic approach to continuous innovation and quality advancement.
The Company has implemented a product lifecycle quality management system, with R&D quality
management at the core, material quality control and automated production quality assurance as the
foundation, and supported by a robust product testing and inspection system, responsive after-sales services,
and an end-to-end digital quality management platform.
Willfar Information has obtained certi?cations for 19 management systems including ISO 9001 Quality
Management System, ISO 14001 Environmental Management System, and ISO 45001 Occupational Health and
Safety Management System, and has developed and released 461 system and guidance documents.
Management System System and
Certi?cations Guidance Documents
QualityManagementPlatform
Willfar Quality Management (WQM)
The WQM (Willfar Quality Management) Digital achieve end-to-end quality management
Quality Platform for Energy Internet of Things integration from customer requirements to
(IoT) products embodies the quality management customer acceptance, integration of quality
philosophy based on end-to-end business closed management decision-making processes with
loops, establishing a "One Core, Two Wings, Three data, and integration of issue retrospection and
Integrations" digital quality platform. With IPD closed-loop management. This comprehensively
and CMMI5 as the core of R&D quality improves the quality management level and
m a n a g e m e n t , t h e p l a t f o r m i n t e g ra t e s t h e service capabilities, drives sustained growth of
operational and production quality management business performance, and continuously
platform based on CRM+ERP+MES and the enhances customer satisfaction and brand value.
supplier quality management based on SRM. We
Willfar Quality Management (WQM)
One Core, Two Wings, Three Integrations
Operational and Production Supplier Quality
R&D System Architecture
Quality Management Platform Management Platform
Demand and Task System
ERP
Software Inspection
Application System
MES SRM
Work Instructions PDM Component Evaluation
Quality Analysis Component Trial
In-process Inspection Knowledge System Batch Import
On-site Environmental Online Monitoring
Data Process Supplier Quality
Automated Testing System
Traceability Assessment
Laboratory
Management System
CRM Issue Tracking System
End-to-end Data Integration Data Integration for Integration of Issue
(Demand - Product Delivery - Data-driven Quality Retrospection and
After-sales Service) Decision-making Closed-loop Management
QualityTrainingEmpowerment
Willfar Information aims for "Precise Empowerment and Systematic
E?ciency Enhancement", focusing on fostering employees' quality Planned and executed 29 quality
management awareness and instilling the philosophy of quality training and exchange sessions
management into the mindset of every employee. Closely focusing on integrating online and o?ine
business pain points and practical needs, the training content centers formats throughout the year.
on six core areas: application of quality tools and methods, interpretation
Achieved full coverage of quality
of new product technical speci?cations, skills for quality issue review,
training for core departments
CNAS laboratory construction standards, implementation of testing
including R&D, production, and
standards, and quality operation safety management. It systematically
quality, with cumulative
strengthens the team's capabilities in professional tool application,
participation reaching 2,462
understanding of standards and speci?cations, and safety risk
person-times.
prevention and control, providing key support for tackling new product
quality challenges and standardizing laboratory system construction.
ProductQualityImprovement
The company has established a quality leadership team with the President as the management representative
to coordinate and promote quality initiatives. We have built a quality responsibility system centered on top-
leader accountability, driven by digitalization, covering the entire process, and ensuring responsibility is
implemented at every level.
Strict Enforcement of Primary Quality Responsibility
Adhering to the principle of "Quality First," the company implements a top-leader quality project. We
clearly de?ne the overall responsibility of the legal representative and general manager, and the
direct responsibility of quality supervisors, enforcing a "one-vote veto" system for quality and safety.
Elevating Quality and Safety Management Levels
Established a comprehensive quality management system, clarifying responsibilities and
processes, and strengthening all-employee, whole-process, and comprehensive quality
management alongside strict inspection and testing.
Built a "Prevention, Monitoring, Improvement" risk prevention mechanism, forming distinctive
practices.
Established a product quality traceability system enabling full-process tracking and guarantee,
with the capability for timely recall of defective products.
Widely applied advanced technologies and modern quality management methods (such as
quality improvement initiatives, problem-solving projects, cost control, and QC team activities)
to continuously elevate management standards.
Accelerating Quality and Technological Innovation
The company regards technological innovation as a key means to enhance quality, actively applying
new technologies, processes, and materials to improve products and services. We focus on
developing innovative products with core competitiveness and high added value. For example, the
distribution network ground fault protection technology innovatively supports multiple neutral
grounding methods, achieving high-precision, low-latency fault detection and location, ?lling a
domestic gap and e?ectively solving common industry challenges.
Compliance Foundation Driven by Innovation Win-Win Cooperation Shared Value Employee Development Green Operations
and Transparent Operations andBuilt on Quality and Joint Growth and Responsibility and Rights Protection and Climate Response
Win-Win Cooperation
and Joint Growth
Win-win cooperation and shared growth are the main themes of our
industrial chain's collaborative development. Centered on value co-
creation with customers and suppliers, Willfar Information has
established a multi-dimensional customer demand response system, a
di?erentiated service guarantee network, and a re?ned hierarchical
supplier management mechanism, thereby fortifying a symbiotic and
trust-based industrial cooperation ecosystem. We not only focus on the
in-depth exploration and dynamic adaptation of customers' genuine
needs, continuously enhancing customer value through tiered services
and collaborative creation but also dedicate e?orts to supplier
performance evaluation, risk prevention, and long-term empowerment.
Through hierarchical management and a solid compliance foundation, we
deepen partnerships, infusing sustained collaborative momentum into
the stable development of the industrial chain.
Safeguarding Customers' Rights and Interests Bolstering the Supply Foundation
Responding to Customer Needs Supply Chain Risk Prevention and Control
Improving the Service System Supplier Management
Customer Satisfaction Management
SafeguardingCustomers'
RightsandInterests
RespondingtoCustomerNeeds
Willfar Information adheres to a customer-centric core principle, comprehensively aggregates customers'
genuine demand insights and market preference data through multi-dimensional channels, and conducts a
hierarchical, tiered in-depth analysis of such information. Taking this as the fundamental basis, the company
further realizes the precise alignment and dynamic optimization of its service and operation strategies,
ensuring that its value delivery is consistently aligned with customers' intrinsic needs.
Frontline Feedback Network In-depth Collaboration Model Dynamic Feedback Mechanism Annual Executive Visits
Leveraging a robust service For power grid customers, we Customers can submit requests Senior executives lead visits
network, we engage deeply establish "Joint Innovation via the service hotline. to core and strategic clients,
at customer sites (e.g., electric Labs" and jointly apply for Customer service specialists gathering actionable feedback
power research institutes, major national S&T projects. automatically categorize for product iteration.
metrology institutes, government and route them to the
bureaus), identifying needs relevant product division,
through "shadowing and with a guaranteed response
pain point mapping.” time of under 2 hours.
Interaction Upgrade:
Evolved from "remote communication (email/phone)" to "in-depth on-
We regularly evaluate
site interviews," improving authenticity and granularity of insights.
and re?ne our methods
for researching customer
demands to ensure Frequency & Ef?ciency:
they align with corporate Shifted from "quarterly meetings" to "monthly reviews and daily
feedback channels," enhancing responsiveness.
strategy, business
requirements, and
market dynamics. Dimension Expansion:
Moved beyond point-in-time surveys to cover the entire customer need
lifecycle and related product requirements.
Customer Word of Mouth (WOM)
In 2025, relying on our technical strength and service reputation
in the smart grid ?eld, we have received a total of 11 letters of
commendation from core customers in the power system.
These letters are from many large power supply enterprises,
including the Marketing Department of Guangzhou Power
Supply Bureau of Guangdong Power Grid, Zhumadian Power
Supply Company of State Grid Henan Electric Power Company,
and Urumqi Power Supply Company of State Grid Xinjiang
Electric Power Co., Ltd. This fully demonstrates the company‘s Letter of Appreciation from Letter of Commendation
high recognition in product quality, project delivery, and after- State Grid Henan Electric from Guizhou Power Grid Co., Ltd.
Power Company Zhumadian Guiyang & Zunyi Chishui
sales operation and maintenance, re?ecting our market Power Supply Company Power Supply Bureau
in?uence and customer trust within the Power IoT segment.
ImprovingtheServiceSystem
Willfar Information has established a di?erentiated customer relationship management system. By deeply
understanding customer needs, researching, and developing products that meet these needs, it builds a
strong foundation for services from the ground up. Meanwhile, it employs a standardized after-sales
management system as the core control mechanism for customer services, facilitating full-process complaint
management: utilizing a “root cause analysis improvement implementation e?ect veri?cation” process to
promote a steady annual decline in complaint volumes. Complaint information pathways are clari?ed to
ensure direct communication with responsible departments and supervisors, forming a comprehensive closed
loop of “response - resolution - review - accountability”. For major incidents, an emergency response
mechanism is triggered, with senior management leading a special task force to address issues.
We view the professional after-sales service team as central to implementing full-cycle services,
adhering to customer demand orientation, and building a service model of “standardized technical
services and personalized solutions”. Using the On-site Service Management Measures and On-site
Service Safety Management Measures, we standardize the entire service process, swiftly responding to
various customer demands, and providing one-stop services, such as product training, technical
support, and comprehensive operation and maintenance, safeguarding customers’ legitimate rights.
We implement an “o?ine branches and online platforms” synchronized model to ensure service e?ciency:
o?ine, establishing 35 technical service branches across 31 provinces, autonomous regions, and
municipalities nationwide, complemented by a customer call center forming a robust national service
network; leveraging an information management platform to enable rapid resource deployment and re?ned
after-sales quality management, providing strong support for the enhancement of service response times and
the implementation of closed-loop complaint management.
CustomerSatisfactionManagement
Customer Satisfaction System and Standards
Willfar Information has formulated the Customer Satisfaction Measurement and Control Procedure to
standardize the customer satisfaction measurement process. This enables the Company to accurately assess its
understanding of, and performance in meeting, customers’ current and future needs and expectations. Based
on survey results, the Company optimizes its management systems to continuously enhance customer satisfaction.
Customer Satisfaction Assessment
Assessment Method
We adopt di?erentiated assessment approaches for di?erent customer groups:
State Grid / China Southern Power Grid Customers:
Questionnaire surveys, on-site visits, quality interviews, service hotline interviews, self-evaluation,
peer benchmarking, strati?ed assessments, customer forums, and third-party evaluations.
Key Customers:
Questionnaire surveys, on-site visits, quality interviews, service hotline interviews, self-evaluation,
and service closed-loop veri?cation.
General Customers:
Questionnaire surveys, SMS/WeChat instant ratings, service hotline interviews, and self-
evaluation.
The Company conducts a customer satisfaction questionnaire survey once a year. After de?ning
the survey sample size, data collection is carried out. Through statistical analysis of all indicators,
key factors a?ecting customer satisfaction are precisely identi?ed. Findings are communicated to
the responsible departments, and continuous improvement is advanced using methodologies
such as PDCA, DMAIC, and 8D, thereby continuously improving customer satisfaction.
Assessment Results
In 2025, as part of the systematic optimization of the end-to-end customer
service process, Willfar Information conducted customer satisfaction
research in an organized and comprehensive manner. During the year, the Customer
Company collected eight (8) valid satisfaction questionnaires from core Satisfaction
cooperative customers, including the Dali Eryuan Power Supply Bureau of
Yunnan Power Grid Co., Ltd., the Tongren Power Supply Bureau of Guizhou
Power Grid Co., Ltd., and the Marketing Service Center of State Grid Liaoning
Electric Power Co., Ltd. The research covered multiple core service 2023: 99.75%
dimensions, including product quality, service quality, product ful?llment,
market-related work, and overall evaluation. Feedback results generally 2024: 99.95%
re?ected high scores, which not only demonstrate the Company’s comprehensive 2025: 99.95%
competitiveness in the power Internet of Things (IoT) service sector, but
also provide robust data support and clear direction for subsequent
iterations of the service system and product upgrade optimization.
Bolsteringthe
SupplyFoundation
SupplyChainRiskPreventionandControl
Supply Chain Risk Prevention and Control System
The Company consistently takes customer needs as its core focus, emphasizing the provision of stable,
e?cient, and reliable supply assurance services. Supported by su?cient raw material inventories, strong
emergency supply capabilities, and a well-established integrated supply chain platform, the Company is able
to deliver products and services characterized by high quality, high e?ciency, and high reliability, thereby
e?ectively ensuring the continuity and stability of supply.
Speci?c Operational Mechanisms
Stable Raw Material Inventory Assurance Robust Integrated Supply Chain Platform
Mechanism
The Company establishes safety stock strategic The Company has established an integrated supply
reserve mechanisms and raw material supply chain platform. Through eight key measure:signing
assurance linkage mechanisms with suppliers to supply assurance agreements, maintaining a robust
e?ectively ensure the stability of raw material supply supplier resource pool, establishing a domestic
and to provide stable and continuous support for bonded-zone component base warehouse, vertical
production and delivery. The Company regularly integration across the industry chain,strong ?nancial
assesses market trends for key components and support,full support from strategic suppliers, supplier
maintains routine inventories of critical components m a n a g e m e n t m e c h a n i s m s , a n d p r o c u r e m e n t
to address potential supply-demand tightness under kitting/completeness management mechanisms—the
special market conditions and to meet customer Company e?ectively ensures suppliers’ product
production needs under extreme circumstances. quality, supply assurance capability, and service level.
Sound Emergency Supply Mechanism for Establishment and Orderly Operation of an
Raw Materials End-to-End BCM System
To a d d re s s m a r ke t d e m a n d ? u c t u a t i o n s a n d The Company has established and is operating an
unexpected events, the Company’s supply chain e n d - t o - e n d B u s i n e s s C o n t i n u i t y M a n a g e m e n t
maintains strong emergency response capabilities. (BCM) system covering end-to-end management from
The Company has established an agile supply chain suppliers to end customers. For typical scenarios, the
management system and maintains a robust supplier Company has developed end-to-end emergency
resource pool, enabling rapid enhancement of raw response plans and business continuity plans, which
material supply capacity within a short timeframe to guide branch o?ces and functional departments in
meet urgent market demands. In addition, the business continuity management in the event of
Company has established a dedicated raw material emergencies.
emergency response team capable of quickly initiating
and executing contingency plans, providing timely and
e?ective supply support to customers and ensuring
supply continuity and stability.
SupplierManagement
Supplier Quali?cation Management
Total Number of Suppliers
Guided by supply chain stability and focused on providing stable,
e?cient, and reliable supply assurance services, Willfar Information has Percentage of Suppliers
established a standardized supplier quali?cation system, including a That Have Undergone
supplier tiered evaluation system and periodic assessment mechanisms. Environmental Assessment
The Company adheres to compliance-based supplier selection principles 100%
and standardized selection procedures, and conducts evaluations based
on core quality indicators, thereby controlling supplier quality at the Supplier Sunshine Agreement
source, strengthening the foundation for supply chain stability, and Sign-o? Rate
supporting the delivery of high-quality products and services. 100%
Supplier Tiered Management
To e?ectively manage and optimize supplier resources and to build an e?cient and stable supply chain system,
Willfar Information has formulated comprehensive supplier management measures. These measures aim to
achieve mutual bene?t and win-win outcomes with suppliers, enhance supply chain management e?ciency,
reduce procurement risks, and promote the sustained and steady development of the supply chain.
We have has established clear standards and procedures for supplier tiered management. It sequentially
carries out the formulation of evaluation criteria, supplier evaluations, and tiering/classi?cation, and
promptly communicates tiering results to relevant parties to enable targeted management. Through
these initiatives, the Company has e?ectively optimized resource allocation, improved procurement
e?ciency, reduced procurement costs, and strengthened supply chain stability, thereby providing robust
assurance for the orderly implementation of procurement activities.
We will continue to improve and optimize its supplier tiered management system and proactively respond to
changes in the market environment and business development. By continuously re?ning tiering standards,
evaluation methodologies, and incentive measures, the Company will further deepen cooperation with
suppliers, consolidate existing achievements in optimizing resource allocation and improving procurement
e?ciency, and inject sustained momentum into the Company’s sustainable development.
Supplier Evaluation Management
Willfar Information has established a supplier evaluation management mechanism that
employs multi-dimensional quantitative scoring and tiered strategies. A “one-vote veto”
rule is applied as a baseline for any single item of HSF non-compliance. Social
Evaluation
responsibility and environmental impact risks are also integrated into the evaluation to
System
enhance supply chain e?ciency. Leveraging su?cient inventory, emergency supply
capacity, and integrated platform resources, we deliver high-quality products to our
customers and ensure stable and continuous supply.
Based on evaluation results, suppliers are classi?ed into four categories:
Grade Grade Grade Grade
Evaluation A B C D
Classi?cation
Strategic Reliable Suppliers requiring Unquali?ed
partners suppliers improvement suppliers
(Excellent, ≥90 points) (Good, 80–89 points) (Quali?ed, 60–79 points) (Unquali?ed, <60 points)
The supplier evaluation management adopts an appraisal cycle that combines semi-
annual and annual assessments, implementing periodic evaluations and dynamic,
Evaluation normalized management. Comprehensive multi-dimensional evaluations are conducted
Cycle across key dimensions—including quality, HSF (hazardous substance process
management), delivery, technology, and service—using a 100-point quantitative scoring
approach to measure and quantify supplier performance.
We also conduct forward-looking risk identi?cation by incorporating social responsibility
Forward- and environmental impacts into the evaluation system. Based on suppliers’ performance
looking Risk in areas such as environmental protection investment, resource consumption, and
Identi?cation pollution risks, suppliers are identi?ed as high-, medium-, or low-risk, with a focus on
advancing sustainable supply chain development.
Supplier Assessment Management
We have established a systematic supplier management framework, under which supplier capability is classi?ed
into four tiers: A, B, C, and D. Data is compiled quarterly, and dynamic evaluations are conducted on a six-month
cycle. Supplier selection follows principles including high quality, competitive pricing, and contract compliance
and creditworthiness. Each category is required to have two (2) or more quali?ed suppliers. Suppliers of key
components must be professional manufacturers, and suppliers related to HSF (Hazardous Substance
Free) products must possess the corresponding management capabilities.
Di?erentiated selection criteria are applied for di?erent procurement types. For manufacturers, agents, and
distributors, supplier evaluation is performed in accordance with the corresponding con?rmation forms (WM-
BF/WL003-04 and WM-BF/WL003-05). Comprehensive quality scoring considers key indicators such as incoming
inspection pass rate, batch pass rate for production-line use, C-value, and other core indicators, ensuring the rigor
and e?ectiveness of supplier management.
Compliance Foundation Driven by Innovation Win-Win Cooperation Shared Value Employee Development Green Operations
and Transparent Operations andBuilt on Quality and Joint Growth and Responsibility and Rights Protection and Climate Response
Shared Value
and Responsibility
Adhering to the business philosophy of “Pursue mutual bene?t and
responsibility upon sincerity and integrity”, Willfar Information has
embedded the concept of co-building and co-creation into its
development DNA and ful?lls its commitment to sustainable development
through responsible actions. Rooted in the core track of the Energy
Internet of Things (IoT), we work hand in hand with industry-chain
partners, industry peers, and stakeholders across society to convey the
warmth of responsibility through technological collaboration, ecosystem
co-building, and value sharing, and to demonstrate corporate
responsibility through green transformation, public welfare initiatives,
and global collaboration, thereby continuously creating diversi?ed value
for shareholders, users, employees, and society.
Deepening Industry Collaboration Commitment to Social Good
Ecosystem Co-building Rural Revitalization Practices
Facilitating the Integration of Industry, Academia and Research
DeepeningIndustry
Collaboration
EcosystemCo-building
Participation in Industry Standard Formulation
We participate in the formulation and revision of industry standards, contributing our technical expertise and
practical experience, sharing professional insights and forward-looking perspectives, and promoting the
industry’s development toward greater standardization and normalization.
In 2025, we participated in the Cumulative participation in standard
formulation and revision of formulation and revision
Including 1 international standard Including 2 international standards
Participation in Industry Seminars and Conferences
Willfar Information was Invited to the 3rd China Electrical Engineering Conference
In December 2025, the 3rd China Electrical Engineering Conference was
successfully held in Hangzhou. Willfar Information was invited to attend and
actively participated in technical exchanges. Leveraging its integrated core
technological strengths across “IoT + Chips + AI,” the Company engaged in
in-depth dialogue with leading experts and industry-leading enterprises.
This participation not only showcased the Company ’s technical
accumulation in areas such as power safety monitoring and AMI
communications but also enabled the Company to accurately capture
industry development trends.
Willfar Information Hosts the 2025 Power Supply and Consumption Safety
Technology Forum, Jointly Mapping the Industry Blueprint
Willfar Information hosted the 2025 Power Supply and Consumption Safety
Technology Forum, building an e?cient platform for exchange and
cooperation in the power supply and consumption safety sector,
consolidating consensus on innovation, and pooling development
momentum. The Forum clari?ed future directions: continuing to deepen
core Energy IoT technologies; actively practicing a tri-party innovation
model of “the government sets direction, enterprises drive transformation,
and universities tackle core technologies”; and working together with
industry peers to build a strong safety defense line through high-quality
innovation—advancing China’s power supply and consumption safety
technologies toward the global forefront and contributing solid strength to
the modern energy system and the achievement of the “dual-carbon” goals.
Willfar Information was invited to participate in the 25th Electricity
Supply Industry Conference
I n O c t o b e r 2 0 2 5 , t h e 2 5 t h P ow e r S u p p l y I n d u s t r y C o n f e re n c e ,
themed “Energy Transition,” successfully concluded at the Jinsha
Convention and Exhibition Center. Serving as a platform for high-level
exchanges, the conference explored pathways for energy transition and
promoted the implementation of “net-zero” development goals.
W i l l f a r I n f o r m a t i o n s h ow c a s e d i t s n ex t - g e n e ra t i o n s m a r t g r i d
solution and electricity–water–gas AMI solution. These solutions
advanced in parallel through grid-side upgrading and end-user-side
optimization, providing a practical and replicable pathway for power-
sector intelligence to support regional energy transition.
Willfar Information was invited to Thailand’s 2025 Asian Power & Energy Exhibition:
Three Core Solutions Spearheading Southeast Asia’s Smart Energy Transition
In September 2025, the 2025 Asia Power & Energy Exhibition was held
in Bangkok, Thailand at the Bangkok International Trade & Exhibition
Centre. Willfar Information was invited to exhibit and presented three
core solution portfolios: the electricity–water–gas AMI solution,
the smart water management solution, and the smart grid solution.
Willfar Information’s solutions attracted extensive consultations from
power operators, water utilities, and industry partners from Thailand
and surrounding Southeast Asian countries. In addition, we engaged
with domestic and international peers and industry experts on global
e n e rg y t e c h n o l o g y t re n d s a n d m a r ke t o p p o r t u n i t i e s , f u r t h e r
strengthening Willfar Information’s resource connectivity and
cooperation foundation in the Southeast Asian market.
FacilitatingtheIntegrationofIndustry,
AcademiaandResearch
Co-establishment of Internship Bases to Target Talent Cultivation
Willfar Information signed a strategic cooperation agreement with the
International School of the University of International Business and Economics
(UIBE) at Willfar Science and Technology Park. The two parties will jointly establish
an internship and employment base, leveraging the student resource strengths of
UIBE’s International School and Willfar Information’s overseas resources to
promote targeted employment in China and overseas internship opportunities for
international students studying in China. The Company will also carry out targeted
selection of high-potential talent from the School, while selecting outstanding
local employees in host countries for further studies at UIBE, thereby building a
talent pipeline that combines “localization + internationalization.” In addition, the
parties will provide customized employee empowerment programs by developing
all-English training programs tailored to employees at di?erent levels, with a view
to enhancing the team’s global operational capabilities. An information-sharing
mechanism and a joint working group will also be established to ensure the
e?cient implementation of the cooperation.
Enhanced Collaboration with Academician-Expert Teams
to Foster New Quality Productivity
The Company also maintains in-depth cooperation with teams of academicians
and experts, aligning with national priorities in scienti?c and technological
innovation and R&D. Focusing on the development of new-type power
systems and new-type energy systems, the Company actively promotes the
transformation and industrialization of scienti?c and technological
achievements, thereby building momentum for the development of New Quality
Productivity.
Partnering with National-Level Energy Research Institutions to
Build New Quality Productivity Forces in the Energy Sector
Willfar Information and the New-Type Power System Research Center of a national-level energy research institution have established
a joint project team focusing on digitalized power distribution and consumption scenarios, and are jointly developing advanced AI-
based SoC chips and related equipment. Through deep collaboration spanning technology development and industrialization, the
Company will strengthen its core capabilities, enhance the software and hardware value of its products, advance the digitalization
and intelligent transformation of power systems, and promote the development of the Energy Internet of Things (IoT).
Jointly Developing New-Style Distribution Protection and Enhancing
Power Supply Reliability
In collaboration with Tsinghua University, Willfar Information has jointly carried out research on protection theories for
new-type distribution systems to address the demand for improving power supply reliability in new-type power
systems. The parties are advancing the productization of channel-free protection technology in the ?eld of distribution
automation and applying core algorithms to distribution automation terminals. In addition, they are conducting
research on grounding fault theory for new-type distribution systems, covering early identi?cation of fault hazards,
precise fault localization, and the development of fault early-warning algorithms. These core algorithms have been
successfully applied to products such as distribution automation terminals and fault localization devices, e?ectively
addressing industry challenges including low accuracy and insu?cient sensitivity in fault determination, and forming
competitive products and solutions.
Driving Technological Innovation with
High-Performance Computing
The cooperation between Willfar Information and the National
Supercomputing Center in Changsha will provide strong computing
power support and algorithm research capabilities in areas such as
high-performance computing, big data processing, information
security, and arti?cial intelligence, enabling e?cient processing of
massive data volumes. This cooperation will further promote the
broader application of cutting-edge technologies such as intelligent
dispatching and digital twins in power grids and smart cities.
Optimizing Resource and Energy Allocation to
Safeguard Urban Safety with Smart Technologies
Willfar Information has cooperated with the China Society for Urban
Studies to enhance the intelligence level of urban ?re protection and
security, as well as water conservancy and water services systems, and to
promote the development of green buildings. By leveraging digital twin
and arti?cial intelligence technologies, the cooperation will enable real-
time monitoring and early warning of urban safety risks, precise
allocation of water resources, and optimized management of building
energy consumption. This cooperation will e?ectively drive the intelligent
upgrading of urban management and services and contribute to building
safe, green, and e?cient smart cities.
Commitmentto
SocialGood
RuralRevitalizationPractices
Distributed Photovoltaic Grid-Connection Retro?t Project
The distributed photovoltaic access and renovation project
implemented by Willfar Information for a provincial power grid
company serves as a typical practice in supporting rural
revitalization. The project covers rural areas bene?ting more than
consumption of generated electricity (reducing daily electricity
expenses) + selling electricity to the grid (obtaining additional
income),” directly increasing rural residents’ income; By adopting a
communications solution that is “visible, measurable, adjustable,
and controllable,” the project improved rural clean energy
infrastructure, enabled intelligent grid-connection management and
control of distributed PV, and upgraded the rural energy supply
system; By promoting the green energy transition in rural
areas—replacing traditional high-carbon energy sources with
PV—the project supports low-carbon and sustainable development
in rural regions, both empowering rural energy system upgrading
and delivering tangible bene?ts to rural livelihoods.
Medium-voltage Distribution Network Automation Solution
The medium-voltage distribution network automation solution,
through AI-based intelligent identi?cation and minute-level fault
localization, e?ectively addresses challenges in rural distribution
n e t w o r k s c a u s e d by d i s p e r s e d g e o g ra p h y a n d c o m p l ex
environments—such as di?culty in fault localization and lengthy
repair times. It not only signi?cantly shortens outage duration and
safeguards residents’ daily electricity use, but also reduces
transportation energy consumption and labor input for on-site
inspections through long battery life and low-power design,
thereby lowering resource consumption related to battery
replacement and equipment maintenance. This provides stable
power support for rural agricultural production and emerging
rural business models, helping reduce costs, save energy, and
improve e?ciency in rural power operation and maintenance.
Compliance Foundation Driven by Innovation Win-Win Cooperation Shared Value Employee Development Green Operations
and Transparent Operations andBuilt on Quality and Joint Growth and Responsibility and Rights Protection and Climate Response
Employee Development
and Rights Protection
Employee development and rights protection are the core for enterprises
and employees to thrive together. Willfar Information has clari?ed
employees’ growth paths by establishing a dual-track career channel
(management and professional) and improving the quali?cation
certi?cation system; fostered an open and inclusive talent environment to
ensure fair development opportunities for all; built a targeted hierarchical
and classi?ed training system to boost capacity building for employees at
di?erent levels and in various ?elds; comprehensively safeguarded
employees’ physical and mental well-being, covering activities,
communication, occupational health, safety protection and mental health;
and consolidated the guarantee system (salary, welfare, performance
appraisal) to match employees’ e?orts with rewards. This all-round
support system not only empowers employees’ career development but
also underpins their rights and health, driving long-term value growth for
both employees and the enterprise through mutual trust and promotion.
Advancing Employee Growth Embedding a Culture of Wellbeing
Dual-Track Career Development Design Employee Activities
Internal Quali?cation Certi?cation Design Employee Communication and Satisfaction
Supporting External Professional Title Evaluation Safeguarding Employee Health
Workplace Safety Protection
Championing Equality and Diversity
Recruitment and Employment Upholding Employee Rights
Diversity and Equality Salary System
Welfare Guarantee System
Powering Our People Through Training Performance Evaluation System
Training System
Key Training Programs
Talent Cultivation Strategy
Advancing
EmployeeGrowth
The company adheres to the core management philosophy of "People-Oriented, Elite-Led" and
regards human resources as the core driving force for achieving strategic goals.
Dual-Track Career Development Mechanism:
Promotes professional title applications,
and helps employees expand career space,
enhance capabilities, and match job
requirements
Salary Incentive Mechanism:
Diverse and competitive,
adhering to fairness Empowering
and rationality Employee
Development
Talent Introduction
Safeguarding Practicing Mechanism: Based on
Employee Equality and recognizing Willfar’s
Rights People- Diversity values, aligned with
Oriented, business needs,
Elite-Led addressing talent
shortages
Embedding Strengthening
Health Care Training and
Empowerment
Health Care Mechanism:
Comprehensive physical and mental Training & Development Mechanism:
well-being protection through Guided by fairness, foresight,
employee activities, communication, pertinence, applicability and
occupational health management, systematisms, combined with
safety protection and mental health multi-position training
support
Dual-TrackCareerDevelopmentDesign
The company has two career tracks: management and professional technology. It formulates targeted career
development paths for employees in each track based on development requirements and employees’
capabilities. Employees can choose to develop in the management track or the professional technology track,
and can also switch horizontally between di?erent professional technology tracks.
InternalQuali?cationCerti?cationDesign
To expand employees’ career development space, the company has established clear goals for employees’
capacity improvement through the construction and management of the quali?cation system, conducted fair
and e?ective evaluations of employees’ professional competence, and guided employees to move from
excellence to outstanding performance with quali?cation standards.
Certi?cation Tracks
R&D Track Testing Track Quality Track
Engineering
Product Technical Technology
Management Support Track
Track Track
Certi?cation Results
Based on certi?cation results, quali?ed employees are selected Total number of participants
into the reserve talent echelon for systematic training. Their 75 in quali?cation certi?cation
quali?cation levels serve as the basis for post setting, sta?ng
and personnel allocation to improve person-job ?t. Employees with improved
Certi?cation results are applied in performance, salary,
o u t s t a n d i n g e m p l oy e e s e l e c t i o n , t a l e n t t ra i n i n g a n d
appointment, etc., with corresponding adjustments to salaries,
subsidies and business trip reimbursement standards.
SupportingExternalProfessionalTitleEvaluation
Professional Title Distribution Distribution of New Professional The company promptly issues
of Company Employees Technical Titles Added This Year e x t e r nal professional title
application n o t i c e s , c l a r i ? e s
procedures and required
Junior Professional Title, Professor-level Senior, Junior Professional Title, Senior Professional Title,
employees throughout, returns
non-compliant materials, and
Senior
Professional Title, guides revisions. As of December
persons
persons
Intermediate obtained professional technical
Intermediate Professional Title,
Professional Title, 9 persons,40.90%
titles was 380. Among these, 22
such titles during the year.
Championing
EqualityandDiversity
RecruitmentandEmployment
Compliant and Equal Employment
Willfar Information upholds "People-Oriented" as its core philosophy, fostering an open, inclusive and
dynamic environment to attract and empower talents with international perspectives and professional
capabilities. We care about each employee’s career path and personal growth, and support employees’ career
growth through rich learning resources and multi-dimensional channels, advocating win-win cooperation,
innovation and respect for individual di?erences and contributions, growing together with employees and
driving the development of the enterprise and society forward.
Legally Protecting Employee Building a Fair Workplace
Rights and Interests Environment
To e?ectively protect employees’ legitimate rights and interests, I n re c r u i t m e n t , w e a l w a y s a d h e re t o t h e
we take compliant employment as a core principle, strictly orientation of equal employment and resolutely
abiding by the Labor Law of the People's Republic of China, Labor put an end to any discrimination based on
Contract Law of the People’s Republic of China and Regulations gender, age, ethnicity, religion or physical
on the Prohibition of Child Labor and other relevant laws and condition and other factors, providing fair
regulations. To fully protect employees’ rights and interests, we development opportunities for all job seekers and
have established a comprehensive institutional guarantee employees. We are committed to providing equal
system and formulated normative documents including the and fair development opportunities for all job
Employee Handbook. With institutional guarantees including the seekers and in-service employees, and jointly
Employee Handbook, we integrate legal employment, equal creating a prejudice-free and respectful
opportunity, anti-forced labor, anti-discrimination and anti- workplace atmosphere. We also strengthen
harassment into all operational and management links, so as to privacy protection to comprehensively safeguard
build a solid institutional defense line for protecting employees’ workplace fairness and legitimate rights.
rights and interests.
Employer Honors
Willfar Information has been awarded "2025 Hunan Extraordinary
Employer" for its outstanding strength and employer brand in?uence.
Labor Employment Risk Training
The company trained all members of the Human Resources Department on labor employment risk and
compliance to improve the standardization and compliance level of labor employment management, enhance
legal understanding and application capabilities of laws and regulations related to labor relations, prevent
legal risks in the entire process of employment, and build harmonious and stable labor relations.
DiversityandEquality
Gathering Diverse Talents
Willfar Information ?rmly believes that diversity and inclusion are the wellsprings of innovation and growth.
We are committed to creating a truly diverse workplace where individuals of di?erent ages, genders, cultural
backgrounds, and professional ?elds enjoy respect and equal development opportunities. To this end, we
actively broaden our recruitment boundaries, absorbing outstanding talent from diverse regions and
backgrounds through channels such as campus and social recruitment, university-enterprise cooperation, and
global talent introduction.
We respect the unique perspectives and experiences of every employee, encourage open expression, and
strive to provide a platform where their talents can be fully realized. Simultaneously, we have systematically
built a global talent framework to introduce and cultivate high-end talent with international vision and cross-
cultural capabilities. By establishing a ?exible and e?cient international organizational structure and
implementing an inclusive and symbiotic management model, we promote deep cross-cultural integration
based on respect for diversity. We are dedicated to building an open, inclusive, and synergistic global
corporate culture ecosystem.
We are convinced that this diverse team structure not only unleashes internal innovation potential and vitality
but also serves as the core driver for the Company’s long-term competitiveness and sustainable development.
We will continue to explore innovative talent introduction models, growing together with all partners to create
a shared future.
Diverse Talent Structure
Total number of Gender Age Job type Educational
employees and distribution distribution distribution background
labor contract data data data distribution data
signing status
Total number of Labor contract Gender
employees signing rate distribution
Age Educational
Job type distribution
distribution background distribution
PoweringOurPeople
ThroughTraining
TrainingSystem
In 2025, the company’s training system design adheres to the purpose of centralized training and selection.
Through “training + elite selection" and "cultivation before employment" with regular post quali?cation
assessments, it cultivates compound talents with internationally leading R&D, product integration, team
marketing, market planning, rapid technical service, intelligent manufacturing and core operational capabilities.
Course System
Advanced management capability Customized vocational skills Rapid integration training Corporate culture
courses for management training programs tailored programs for new recruits promotion training
cadres at different levels to employees for different from society and campuses, courses for all employees
Leadership Enhancement Courses for
job categories as well as employees
Operation and Management Teams undergoing job rotation
Product Technical Training Courses Willfar Information‘s
Strategic Planning ,Resource
New Employee Orientation Values and Corporate Culture
Integration ,Decision-Making Product Management Training Courses
Job-Speci?c Training Courses
Management Skills Development Programs History of Willfar Information's
Marketing/Market Training Courses for New Hires in
for Middle-level management Development
Various Business Groups
Team Management, Innovative Management, Functional Management Training Courses Mentorship and Specialized Enhance awareness,
Communication Management Coaching Programs understanding,
Frontline Production Training Courses recognition, and
Capabilities Enhancement courses for Frontline for New Employees
Job Rotation Mentoring and Training implementation of
Management cadres and their successors Provide rich general skills corporate culture
Business Development, Execution training courses
Enhancement, Problem Solving
Cadre & New Hire &
Professional Culture
Series Successor
Training
Rotation
Advocacy
Training Training
Provides diverse improvement courses for employees
Classic Programs
Management Capability Professional Skills New Journey Corporate Culture
Enhancement Program Breakthrough Initiative Advancement Program Promotion Program
Sponsored Study Programs: Key Projects: Key Projects: Corporate Culture Grand
EMBA, MBA, Times Leadership Domestic Full-sta? Marketing Series Campus Recruit New Employees Tour Lectures;
Seminar Global Full-sta? Marketing Series Willstar Camp Corporate Culture Online
Overseas Navigation Program Social Recruit New Employees Q&A Competition;
Key Projects: Business English Corner Growth Camp Willfar News Reading
Business Management Team Technical Support Practical One-On-One Customized Training Activity
Capability Improvement Camp Competition for Hunted Talents 5-minute Culture Practice
Middle Management Team Functional Management Training Rotated Sta? Growth Transformation Activity
Capability Enhancement (HR/?nance/administration/logistics/supply chain/ Program Overseas Culture Training
planning, etc.)
Qianlong & Yuelong Programs
Team Leader/Production Sta? Skill Delivery
Listed Company Capital Market
Improvement
Compliance Training
KeyTrainingPrograms
Cadre & Successor Training — Management Capability
Enhancement Program
Business Innovative
Zhixueyun
English Business
Platform
Training Lecture
Talent Advancement
Evaluation Talent
Growth
First Echelon
Senior Management
Second Echelon
Middle Management
Third Echelon
Frontline Management
Technical, Marketing,
Operation, Functional Roles
Willfar Information focuses on enhancing management teams’ strategic planning, resource integration and
team management capabilities via leadership enhancement for operation and management teams, capability
development for middle and frontline management teams and other training programs, aiming to build a
management team with strategic thinking, holistic vision and strong cohesion.
We use an integrated online-o?ine training model and tailor specialized development programs (e.g.,
Yuelong, Qianlong) for di?erent-level managers. These programs aim to precisely align the management
team's capabilities with the company's new development direction, boost management teams’ overall quality
around "strategy ?rst, organizational capability guarantee, leadership-driven", and other core dimensions, and
inject strong impetus into the continuous enhancement of the company’s core competitiveness.
Training Program
Senior Management Middle Management Team Frontline Management Team
Team Leadership Management Capability Management Capability
Improvement Program Improvement Program Improvement Program
Key Competencies to Enhance: Key Competencies to Enhance: Participants: Department
holistic perspective, decision- requirements all managerial sta? at or above the
m a k i n g a b i l i t y , f o re s i g h t , Participants: Department Board supervisor level from all business
openness & inclusiveness) + 8 core members, all members of Willfar divisions, R&D, Marketing, Testing,
Information/Domestic Marketing/ Q u a l i t y a n d o t h e r re l ev a n t
management capabilities (people
International Business EMT, general departments
management, work management,
managers of each business group/ Training Arrangement:
organizational management)
business unit 1 Frontline Management Team
Participants: Board members, Tr a i n i n g A r r a n g e m e n t : Capability Improvement Camp;
General Managers of All Business 1 Middle Management Team 2 Qianlong (Hidden Dragon)
Divisions, etc Capability Improvement Camp; Program
Program
Professional Training – Professional Skills Breakthrough Initiative
Willfar Information provides targeted professional training by precisely matching learning resources to employees’
speci?c ?elds, job levels, and core competency requirements. Employees may also independently select
relevant courses and learning formats based on their personal interests, development goals, and career stage.
Product Management Product Technology Functional Management Production & Operation
Marketing Capability Capability Capability
Capability Capability
Improvement Program Improvement Program Improvement Program
Improvement Program Improvement Program
For Domestic Marketing: Participants: Product Participants: R&D Participants: All Participants: Operation
Domestic full-sta? management/quality personnel (software/ functional management & production team
marketing series, key management/project hardware/testing/struct platform sta? (HR & leaders and technicians
customer marketing managers of the company, ure) in each business unit Administration, Finance/
Business Capability
series training etc. , R&D personnel Securities, Logistics/
Business Capability Improvement Courses:
(software/hardware/ Procurement/Planning)
ForInternationalMarketing: Improvement Courses:
testing/structure) in 1 Production Safety and
International business Business Capability
each business unit 1 ARM Architecture and Occupational Health
full-sta? marketing Improvement Courses:
Programming
series, Overseas Business Capability 1 Finance - Practice of 2 Workshop On-site
Navigation Program Improvement Courses: 2 Analog Circuit Design International Trade and Management and 7S
In-depth Analysis of Standards
For Technical Services: 1 How to Be a Quali?ed
Financial & Tax
Technical service all- Product Manager
Management;
round training
2 Intellectual Property
For International/ 2 HR - Latest Labor
Series
Domestic Business Contract Laws,
Transferred Staff: Regulations and Case
International/domestic Studies
full-sta? marketing,
cooperative business
and transfer training
Onboarding and Rotation Training – New Journey Advancement Program
Willfar Information customizes onboarding programs for new hires from di?erent channels to facilitate rapid
integration into the work environment and role readiness. Campus recruits undergo systematic professional
literacy training and team integration activities to accelerate their transition. Experienced hires focus on
corporate culture immersion for swift alignment with organizational atmosphere and organizational values.
For high-end recruited talents, a dual-mentor system with both professional and career mentors provides
tailored support beyond foundational training.
The onboarding process is structured in three progressive stages: entry, induction, and deployment, each with
dedicated assessment mechanisms. This approach helps identify high-potential talent, fosters a competitive spirit,
optimizes training resources, and enhances overall e?ectiveness. Additionally, customized training is designed for
transferred employees to help them quickly master new roles, strengthen competencies, and improve productivity.
Campus Recruit WILLSTAR Camp Social Recruit Growth Camp
Target Group: All campus recruits joining in the autumn Target Group: All newly hired social recruits
recruitment onboarding season, 1 session/year Activities: Various training sessions, exhibition hall
Activities: Various courses, Outward Bound, etc visits, etc
One-on-One Customized Training Transferred Staff Growth &
for Headhunted Talents Tr a n s f o r m a t i o n P r o g r a m
Target Group: All newly hired hunted talents/domestic & Target Group: All transferred sta? in
international regional account managers, organized irregularly marketing/technical support/functional positions
based on actual onboarding Speci?c Plans: Marketing transfer/onboarding training
Course Arrangement: Divided into general training (exhibition plan; R&D transfer/onboarding training plan; functional
hall visit, production workshop visit, basic rules learning, etc.) position induction/transfer/onboarding training plan
and di?erentiated training (technical service positions,
international marketing special training, etc.)
Business English Training – Business Communication Scenario Camp
The company organizes blended online and o?ine interactive training to further enhance the business English
pro?ciency and cross-cultural communication skills of its overseas management teams. Tailored courses are
designed separately for senior, middle, and frontline management teams.
BusinessManagementTeam MiddleManagementTeam FrontlineManagementTeam
(IncludingDomesticMarketing)
Participants: Business Management Participants: General managers of each Participants: Managers/deputy managers,
Team marketing region, general managers/ product managers/supervisors and above
chief engineers/assistants of each business in business units, R&D, marketing, testing,
Course Arrangement: Introduction
group/business unit, heads of functional quality and other departments
to core products and solutions for
departments
international markets, introduction to Course Arrangement: Introduction to
company status in 2024 performance Course Arrangement: Introduction to core products and solutions for international
announcement core products and solutions for markets, business scenario-based follow-
international markets, business up training
scenario-based follow-up training
Innovative Business Forum
Industry experts are invited to jointly discuss business development, opportunities and challenges. From a
macro strategic perspective, they interpret the company’s innovative business directions based on industry
trends, helping managers quickly grasp the "IoT Connects the World, Chip Enables the Future" strategy and
"Progressing Steadily, Developing Innovatively" theme, align goals, foster a progressive atmosphere stimulate
potential, and lay a foundation for annual innovative business development while advancing the "5-5"
Strategic Plan and internationalization strategy. Experts also analyze the complex economic situation, global
energy and technology landscape to help managers identify opportunities in smart grid and precision
management, track industry trends, strengthen task management, and drive core business breakthroughs
with professional understanding and e?cient execution.
TalentCultivationStrategy
In 2025, the company’s training and development e?orts are closely aligned with strategic planning needs.
Centered on the job quali?cation system, we build a re?ned training system layered by level, position and
responsibility, and create an intelligent professional talent development and empowerment platform. We
simultaneously iterate and optimize the talent development system, constructing an e?cient closed-loop
talent mechanism of "cultivation - discovery - selection - appointment" to consolidate talent support for
organizational development.
Domestic Marketing Communication & Chips
Development Goal: Development Goal:
• O?ce Managers • Department Managers, Product Managers
• Excellent Customer Managers • New professional title holders, quali?ed personnel
(Water Utilities / Fire Protection / Non Electric)
Key Training: Study of international distribution grid
Key Training: Emphasis on key account sales capability standards, R&D quality control, hardware design and
enhancement simulation tools, software architecture design, product
management
International Business Smart Energy Ef?ciency AI
Development Goal: Development Goal:
• Regional Marketing Heads, Senior Project Managers • Solutions Manager, Product Managers
• Product Managers / Solutions Engineers, Market Specialists • New intermediate professional title holders, quali?ed
• New professional title holders, quali?ed personnel personnel
Key Training: International Foreign trade processes and Key Training: Electricity AMI product R&D standards,
operations, project management, products and solutions, and overseas certi?cation submission processes, safety/?re
operation and management of overseas subsidiaries ?ghting regulations, technical standards and
speci?cations, on site implementation, overall solution
support capability enhancement
HR / Admin / Strategic
Operations & Technology Willfar Research
Management / Development
Production Department Institute
Finance / Securities Department
Development Goal: Development Goal: Development Goal: Development Goal: Development Goal:
• Workshop Supervisors • Department Manager, • Administrative / PR • Product Directors • Investment Manager
(Overseas Factory) Excellent Project Manager • AI Engineer • Market Manager
• On site Process Managers • Management O?ce • Postdoctoral Fellow
Engineers • Technical Backbones Director, Finance • New professional title
• Multi skill Production for Market Promotion per Director holders, quali?ed
Operators • Multi-skilled Service • HR Manager, personnel
Technicians Overseas HR Manager
Key Training: Key Training: Key Training: Key Training: Key Training:
Production management Technical service Overseas business Technology engineering, Industry research and
& process technology, troubleshooting, quality processes/systems, HR productization, product market analysis, risk
workshop ?oor management system laws and regulations, reliability design, and and compliance
management & 7S, training, quality reception and other specialized management, strategy
quality management awareness training, presentation skills, training execution and project
knowledge safety management business etiquette, management, company
system training, safety basic ?nancial products and solutions
awareness and risk knowledge
prevention training
EmbeddingaCulture
ofWellbeing
EmployeeActivities
Organizing Sports Games to Enrich Extracurricular Activities
The company organizes sports activities
such as sports meets and basketball
games to enrich employees' spare time,
h e l p i n g t h e m re l a x , e n h a n c e t h e i r
physical ?tness, and balance work
e?ciency with well-being during breaks.
Red-themed Study Tour: "Inheriting the Red Legacy, Sustaining the Revolutionary Flame”
The Party Committee meticulously planned a
red-themed study tour, involving 50 groups of
employees and their families. Through parent-
child participation in red cultural learning, the
activity supports employee families in growing
together through interaction and enriches
employees' spiritual and cultural life.
EmployeeCommunicationandSatisfaction
Employee Communication
The Willfar Information Labor Union convened the meetings strictly adhered to democratic procedures
third-term labor union election meeting in August and compliance principles, fully safeguarding
of the same year, the company held the election management and participation and solidifying the
meeting for the employee representative director of institutional foundation for building harmonious
the third Board of Directors in compliance with laws labor relations and optimizing the corporate
and regulations such as the Company Law. Both governance system.
Employee Satisfaction
The company has established an Employee Satisfaction Evaluation System and formulated corresponding
measurement procedures. Each year, it measures and analyzes key factors a?ecting employee satisfaction and
motivation. For issues impacting satisfaction, the company organizes the development of improvement
measures, monitors their implementation, and continuously works to enhance employee satisfaction.
Building Multi-Channel Key Factors Affecting Employee Rights,
Communication Channels Frequency
Communication Platforms Satisfaction, and Motivation
Internal Information Platform As needed
The company has established 1. Compensation & Bene?ts
multi-format, multi-channel Department Meetings & Mailbox Periodic
platforms for communication Employee Forums Occasional 3. Work Pressure
with employees, analyzing Monthly Performance Review Monthly 4. Training
and identifying key factors 5. Career Development
Workers’ Congress Annually
that in?uence satisfaction 6. Self-ful?llment
and motivation. Exit Interviews As needed
Measuring and Enhancing Employee Satisfaction
Through employee interviews, third-party collaborative surveys, and other methods, we identify key factors
a?ecting satisfaction. Surveys measure two dimensions: satisfaction, representing employee perception of
organizational investment, and engagement, representing employee investment in the organization, across
nine sub-dimensions.
The research comprehensively assesses employee satisfaction with company investments across operational
management areas, and their own investment re?ected in behavior, emotion, and retention. This helps the
company understand employee needs and identify root causes of management issues.
Satisfaction: Engagement:
EmployeePerceptionof EmployeeInvestment
OrganizationalInvestment intheOrganization
Corporate Culture Value Identi?cation
•Cultural Atmosphere •Strong identi?cation with
•Policies & Procedures the enterprise
•Leadership Style •Positive outlook on the
enterprise's development
Job Rewards
Performance Factors
•Compensation & Bene?ts
Driving Factors
•Promotion & Recognition Emotional Attachment
•Job Recognition Employee •Pride in the enterprise
•Career Development Satisfactionand •Willingness to recommend
Engagement
Organizational Systems
System
•Organizational Structure Behavioral Investment
•Job Design •Organizational commitment
•Job Stability •Exertion of full e?ort
•Proactive attitude
Work Relationships •Willingness to go the extra
•Team Atmosphere mile
•Direct Supervisor
Job Evaluation Employee Retention
•Job Content •Retention intention
•Working Conditions •Turnover intention
•Work-Life Balance
Implementing and Applying Employee Satisfaction Surveys
Analyze results across dimensions, speci?cally discuss issues and suggestions from less satis?ed groups, and
continuously drive improvements in internal management, compensation and bene?ts, training, and the
work environment.
SafeguardingEmployeeHealth
Occupational Health Policies
Willfar Information has established a robust occupational health protection management system. By
standardizing the entire health management process, the company focuses on preventing and reducing
occupational hazard incidents and occupational diseases, e?ectively safeguarding the physical and mental health
of employees. Simultaneously, it strengthens awareness of health protection among all employees, fosters a safe
and healthy working environment, and contributes to building harmonious and stable labor relations.
To fully implement occupational health protection requirements, we have built a systematic occupational disease
hazard prevention and control system. We have formulated a comprehensive occupational health management
system covering key aspects such as occupational hazard noti?cation, health training, publicity and education,
design review of protective facilities, emergency rescue, health examinations, ?le management, and hazardous
operation control. This system is supported by eight speci?c management measures, including "WX-BFAQ006-
providing all-around protection for employee occupational health and workplace safety.
Health Check-ups
The company consistently regards employees as its most valuable asset, ?rmly believing their
health and safety are the cornerstone of sustainable corporate development. We provide
comprehensive annual health check-ups for all employees. Furthermore, in response to
occupational exposure risks associated with di?erent positions, we organize specialized
occupational disease examinations.
Management Personnel Check-ups:
Receive di?erentiated check-up packages based on their appointed positions for the year.
General Employee Check-ups:
Access the standard employee check-up package.
Occupational Disease Prevention Check-ups:
Occupational disease examinations conducted pre-employment, during employment, and
upon leaving to assess the impact of hazard factors on human health.
Employee Insurance
In addition to providing health check-ups for all employees, we also purchase commercial accident insurance for
them as a strong supplement to statutory social insurance. This aims to construct a multi-layered, comprehensive
risk protection network, o?ering employees more thorough protection against accidental injuries.
WorkplaceSafetyProtection
Willfar Information consistently prioritizes safety production in its operations. Through systematic risk
management, control, and responsibility ful?llment, the company has built an all-encompassing, multi-layered
safety production guarantee system.
Comprehensive Safety Production Guarantee System
The company has established a comprehensive safety production guarantee system. It utilizes “Risk and
Opportunity Control Procedures” and “Hazard Source Identi?cation and Assessment Control Procedures” to
build risk identi?cation and evaluation mechanisms, and reinforces organizational assurance and
accountability through the “Safety Production Management Measures.” Supported by the “Production Safety
Performance Evaluation Measures,” safety training, emergency drills, and specialized safety initiatives, the
system drives performance and encourages full-sta? participation, thereby establishing an all-
encompassing, multi-layered safety production framework.
Safety Management Measures
The company continuously increases investment in safety production, focusing on improving the working
environment and upgrading equipment safety facilities. For positions involving electrical operations, we
uniformly provide personal protective equipment (PPE) such as insulated shoes and gloves, and install
insulated ?oor mats to strictly prevent electric shock risks. For key positions, besides posting safety
operation procedures and risk noti?cation cards, we implement pre-job specialized safety training to ensure
employees pass assessments before taking up their posts, thereby reducing operational risks at the source.
We comprehensively strengthen the safety foundation through
systematic training. On one hand, we enable employees, both Training Audience
domestic and overseas, to pro?ciently master safety knowledge, •All employees
regulations, and emergency procedures, enhancing their safety
awareness and emergency response capabilities. On the other Key Courses
hand, we reinforce overseas employees' abilities in speci?c risk •Employee Safety Standards and
identi?cation and prevention, cross-cultural adaptation, and Practical Guidance
compliance operations, ensuring employee safety and the stability •Information Security Management
of the company's domestic and international operations.
Production Operation Health Protection
The company places high importance on employee occupational health and safety production. In response
to potential occupational hazards such as noise pollution and exhaust emissions in production operations,
frontline employees are accurately provided with professional personal protective equipment (PPE),
including protective earmu?s, soundproo?ng material, and protective masks, that meets industry standards.
This enables targeted risk prevention and control. Through standardized allocation of protective equipment
and normalized protection management, we e?ectively strengthen the dual protective barrier of safety
production and occupational health, safeguarding employee operational safety and physical and mental
health in all aspects.
Focus on Employee Mental Health
Willfar Information prioritizes employee well-being. To help managers identify signs of psychological distress
and learn intervention skills, the company held an online course on "Employee Psychological Crisis
Prevention and Management" on November 24, 2025. Attendees included business unit leaders, department
managers, production supervisors, HR, union and safety sta?, employee representatives, and counselors.
The course aimed to improve employee self-regulation, foster a supportive workplace, prevent crises, and
ensure proper response, safeguarding both sta? health and organizational stability.
Upholding
EmployeeRights
SalarySystem
Compensation Policy
The company has built a scienti?c and systematic compensation, assessment and incentive system with supporting
management measures. Centering on annual business goals and job responsibilities, it strengthens full-process inspection,
assessment and incentives to deliver on business goals, leverages compensation incentives to attract and retain talent, and
boosts employees' initiative and creativity.
In compensation policy design, the company follows market and performance-oriented principles to build a
scienti?c system, with preferences for core backbones and frontline employees. Based on the person-job ?t
concept, compensation is set by job value, quali?cations, performance and task goals, with an upward and
downward adjustment mechanism ensuring scalable, position-adjustable pay and equal pay for equal work. A
tailored "one location, one policy" model is adopted for overseas subsidiaries and branches, with region-speci?c
plans reviewed and implemented separately to balance local adaptability and global management consistency.
For incentives, the company adheres to a "strategy-oriented, market and product-centric" approach and
implements a comprehensive multi-level incentive program. Di?erentiated incentives are applied to key markets,
regions and business segments to support the achievement of operating performance and critical business goals.
Focusing on innovation-driven development, the company advances multi-dimensional innovation incentive
mechanisms across tech & products, marketing & sales, operations & mechanisms, and management & services. It
has set up talent and sci-tech achievement transformation rewards, and is rolling out medium and long-term
incentives such as the ESOP to continuously activate employees' innovation vitality and entrepreneurial drive
through long-term e?ective incentives.
Employee Stock Ownership Compensation Strategy
Plan (ESOP)
Willfar Information builds a fair, transparent, and
To establish a long-term incentive and restraint mechanism and competitive compensation system by integrating its
closely align employee interests with the company's long-term quali?cation framework, internal job evaluation, and
development, Willfar Information launched its ?rst Employee external market benchmarking. A diverse incentive
Stock Ownership Plan (ESOP) in early 2024, involving a total of 4 system combining material and non-material
million shares. The plan includes a lock-up period with shares rewards is designed to meet employee needs and
unlocked in three phases and incorporates clear individual enhance belonging. Compensation is regularly
performance evaluation indicators to determine performance reviewed against industry and regional standards,
levels and ensure e?ective constraints alongside strong incentives. with di?erentiated policies applied. Internally, the
"equal pay for equal competence" principle is
The plan aims to build and improve a sustainable bene?t-sharing
implemented within each business unit based on
mechanism between employees and shareholders, e?ectively
quali?cation certi?cation, ensuring fairness and
attract, motivate, and retain key talent, fully mobilize employee
market alignment.
initiative and creativity, and enhance team cohesion and
corporate competitiveness. This initiative also contributes to
further optimizing the company 's governance structure,
maximizing corporate and shareholder value, and promoting the
company's long-term, healthy, and sustainable development.
WelfareGuaranteeSystem
We have established a comprehensive and diverse employee bene?ts system, covering two core modules:
statutory bene?ts and exclusive bene?ts. Statutory bene?ts are fully implemented in strict accordance with
national regulations, while exclusive bene?ts are provided to all employees without distinction. Through all-
around welfare support, we aim to help employees achieve a dynamic balance between work and life and
strengthen their sense of belonging and identi?cation with the company.
Economic Bene?ts Employee Care
Statutory • Unemployment Insurance
• Work Injury Insurance Exclusive Bene?ts
Bene?ts
• Social Pension Insurance
• Housing Provident Fund • Skills Enhancement Training
• Maternity Insurance • Free Meals
• Free Commute Shuttle Service
• Audio Library
Exclusive • Employee Assistance Fund
• Festival Gifts
(for children's education, poverty relief, etc.)
Bene?ts • Overseas Allowance
• Innovation and
Entrepreneurship Fund
Family Care Health and
Safety Protection
• Basic Medical Insurance
Statutory • Prenatal Checkup Leave Statutory
• Sick Leave During Medical
Bene?ts • Maternity Leave Bene?ts • Treatment Period
• Paternity Leave • Statutory Annual Leave
• Breastfeeding Leave • High-Temperature Subsidy
• Bereavement Leave Exclusive Bene?ts
• Supplementary Commercial • Psychological Counseling and
Insurance Annual Mental Health Checkup
Exclusive • Children's Day Gifts
• Critical Illness Insurance • Health Consultation Services
Bene?ts • Overseas Assignment Family Visit Leave
• Accident and Life Insurance • Sports and Fitness Facilities
• Annual Health Checkup and • Cultural and Sports Association Activities
Interpretation Services
PerformanceEvaluationSystem
Willfar Information has established an incentive mechanism guided by the principle of "Greater contribution
earns greater rewards." Through scienti?c performance appraisal and quantitative contribution assessment, it
directly links employee compensation, bonuses, promotions, and other incentives to actual contributions. This
guides all employees to carry out core work using the correct methods, e?ectively enhancing work quality,
e?ciency, and value-creation capabilities.
Operational Assessment Strategy
Consensus on goal achievement is reached in advance, with commitments made by the individuals
being assessed.
Content of Operational Assessment
Assessment Content for Managerial Positions: Based on target responsibilities and role-speci?c
duties, the assessment content is de?ned into two main areas: operational task assessment and
management task assessment.
Assessment Content for Staff Positions: Focus is placed on strengthening the assessment management
of functional and operational roles, transforming behavioral and task-based work into quanti?able
“hard metrics”.
Compliance Foundation Driven by Innovation Win-Win Cooperation Shared Value Employee Development Green Operations
and Transparent Operations andBuilt on Quality and Joint Growth and Responsibility and Rights Protection and Climate Response
Green Operations
and Climate Response
Amid the growing urgency of global green development and climate governance, environmental sustainability
has become a core imperative for enterprises pursuing high-quality development. Willfar Information
consistently embeds green principles into its strategic foundation, establishing a comprehensive environmental
management system across three key dimensions: energy-saving measures, green solutions, and environmental
& climate compliance management. Focusing on energy conservation and carbon reduction, water resource
management, and emissions control, we promote energy e?ciency, renewable energy adoption, and waste
recycling through technological innovation and ?ne-tuned operations. We have established and continuously
improved our environmental management systems, risk assessment and response mechanisms, strengthened
environmental awareness across the workforce, and ensured full compliance with all relevant environmental
indicators. At the level of value creation, leveraging our strengths in digital technologies, we develop diverse
green solutions to empower low-carbon transformation across the full spectrum of scenarios. From greening our
own operations to fostering collaborative sustainability within the industrial ecosystem, Willfar Information is
actively implementing the philosophy of “Green Production, Low-Carbon Operations” through concrete actions,
contributing to the development of an e?cient and sustainable industrial ecosystem.
Energy, Water Conservation and Emissions Reduction Environmental Compliance Management
Energy Conservation & Carbon Reduction Environmental Management System
Water Resource Management Hazardous Substance Process Management System
Emission Management Environmental Management Measures
Green Solutions Addressing Climate Change
Contributing to the Development of a New-Type Power System Climate Change Management System
Contributing to the Development of Global New Energy Systems Climate Risk & Opportunity Management
Energy,WaterConservation
andEmissionReduction
EnergyConservation&CarbonReduction
Committed to a ?rm path of green development, Willfar Information has formulated management
speci?cations such as the Energy Conservation and Consumption Reduction Management Measures and
the Energy-Saving Equipment Operation Management Measures, establishing a systematic green
management framework. As of the end of 2025, both the Company and its subsidiary, Hunan Winmeter Energy
Technology Co., Ltd have obtained ISO 50001 Energy Management System certi?cation (both currently valid).
Completion Status of Energy Conservation and Carbon
Reduction Indicators During the Reporting Period
Total Electricity Consumption:
Total Greenhouse Gas 7,254,214.39 kWh
Emissions (Scope 1 + Scope 2)
Total Water Consumption:
Greenhouse Gas Emission Photovoltaic Power Generation
Intensity (Scope 1 + Scope 2) 1,156,096.35 kWh
Energy Consumption Control and Energy Conservation &
Emission Reduction
Adhering to the concept of "green production and low-carbon operations" and driven by the dual engines of technological
innovation and re?ned management, the Company continuously enhances its level of clean production. Through deep
integration with intelligent manufacturing technologies, we have achieved substantive breakthroughs in energy
consumption control, energy conservation, and emission reduction.
We have established a regional energy consumption monitoring system, implemented specialized full-lifecycle
management for key energy-consuming equipment, improved the energy usage ledger and registration system,
enabling the traceability, analysis, and optimization of energy consumption data.
We implement comprehensive energy-saving measures: strictly enforcing the "lights o? when leaving" policy in
o?ce areas; establishing a mechanism for precise regional control of production, lighting, and air conditioning
electricity usage in parks and workshops; and fully replacing equipment with Grade-1 energy e?ciency ratings to
reduce energy consumption intensity at the source and steadily improve energy utilization e?ciency.
Green & Low-carbon Commuting
To reduce carbon emissions from commuting, the Company has established a diversi?ed green commuting support system:
Providing uni?ed employee shuttle buses for centralized transportation, reducing the proportion of individual
car use and e?ectively lowering the carbon footprint from transportation.
Installing new energy vehicle (NEV) charging piles, actively encouraging employees to use NEVs for commuting,
and advocating for the prioritization of public transportation, thereby contributing to the development of low-
carbon urban transport.
Renewable Energy Applications
The Company places high importance on the
development and utilization of renewable
energy, identifying photovoltaic (PV) power
generation as the core direction for green
energy substitution and continuously
increasing investment. In 2025, the Company's
PV power generation projects progressed
steadily. Moving forward, we will continue to
re?ne data collection and further increase the
proportion of renewable energy in our total
energy consumption.
Greening And Recycling Of Packaging Materials
F o c u s i n g o n re d u c i n g p a c k a g i n g w a s t e
pollution, the Company actively introduces
environmentally friendly packaging materials
and fully promotes the standardized use of
recyclable blister trays. Through a closed-loop
model of "multiple reuses combined with
downstream recycling collaboration",
consumption of single-use packaging materials
has been signi?cantly reduced, putting the
principles of resource conservation and
circular economy into practice at the
production stage.
WaterResourceManagement
Water Conservation And Ef?cient Utilization
The Company has no requirement for industrial water and focuses on the re?ned management of
domestic water use. It enhances water-use ef?ciency through multiple measures:
Posting water-saving slogans and conducting dedicated awareness
campaigns to strengthen conservation consciousness among all employees.
Promoting the practice of “multiple uses for a single water source” in daily
routines and implementing a tiered water supply management mechanism.
This reduces domestic wastewater generation at the point of consumption,
enabling e?cient recycling and reuse of domestic water.
EmissionManagement
The Company strictly complies with all applicable national and local environmental laws and regulations. We
have established a comprehensive, full-process control system for the "three wastes" (waste gas, wastewater,
and solid waste) to ensure fully compliant pollutant discharge. During the reporting period, sample testing
results for waste gas, wastewater, conducted by an independent third-party agency were all signi?cantly below
the national statutory limits. No incidents of non-compliance with environmental laws or regulations occurred.
Wastewater and Waste Gas Management
Wastewater Waste Gas
The Company's production wastewater is 100% recycled and The primary source of waste gas is welding fumes. Fumes
reused. Externally discharged wastewater consists primarily of generated during the welding process are centrally collected
domestic sewage. During the reporting period, the Company u s i n g c e n t r i f u g a l f a n s , t re a t e d v i a a c t i v a t e d c a r b o n
operated an integrated wastewater treatment facility. All adsorption, and discharged in full compliance with applicable
tested parameters of the discharged wastewater met standards.
the Grade III standards speci?ed in the Integrated Wastewater
Discharge Standard (GB8978-1996).
Circular Use of Waste Materials
Non-hazardousWaste
Non-hazardous waste such as discarded outer
HazardousWaste packaging cartons and waste pallets from processing
is collected uniformly and transferred to local
Waste tin slag generated during production is environmental authorities for standardized disposal.
recycled through a recovery cooperation mechanism Other non-hazardous waste is processed through
with suppliers, achieving resource utilization. In professional recycling channels.
In 2025, the recycling volume reached In 2025, the recycling volume reached
DangerousWaste
ElectronicWaste
For contaminated empty containers, solder
paste paper, waste cleaning agents, etc.,
g e n e ra t e d d u r i n g p ro c e s s i n g , t h e
Company has contracts with quali?ed Electronic waste generated throughout the
third-party hazardous waste disposal production process (e.g., discarded circuit boards,
providers to ensure compliant treatment. waste batteries) is handled compliantly by
professional service providers.
Disposal Details:
Contaminated
empty containers Waste cleaning agents Waste alcohol Waste Batteries
GreenSolutions
Willfar Information 's green solutions focus on enabling e?cient, low-carbon operations within the energy and
resources sectors. By leveraging digital technologies to empower green transformation across diverse
scenarios, we provide comprehensive, full-chain green upgrading—from energy management to resource
recycling. This approach enhances operational e?ciency while putting our commitment to low-carbon and
sustainable principles into practice.
ContributingtotheDevelopmentofa
New-TypePowerSystem
Willfar Information utilizes its AI platform to realize full-lifecycle optimization spanning energy generation, transmission,
consumption, and trading. Its full-domain smart grid solution connects the entire "transmission-transformation-
distribution-consumption" chain. By employing "Sensor + AI" technology, it resolves O&M challenges in power transmission
and transformation. Through transparent retro?ts on the distribution side and a "Main-Distribution-Micro" coordination
mode, the solution addresses pain points in renewable energy consumption. Furthermore, it builds a collaborative system
involving virtual power plants and "Source-Grid-Load-Storage," comprehensively aligning with the needs of grid
digitalization and intelligent upgrading.
Smart Topology Recognition: Enabling Precise Management and Identi?cation of Transformer Areas
Addressing the pain points of di?culty in identifying the "transformer-line-distribution box-meter" topology relationships within
transformer districts and the low e?ciency of manual veri?cation, this solution employs a graph neural network model trained on
multi-dimensional data including voltage, current, and electrical energy to achieve automatic identi?cation of topology across all
levels. In four pilot transformer districts in a certain province/municipality, the identi?cation accuracy rates for transformer-to-
distribution box and distribution box-to-branch box connections both reached 100%, the highest accuracy for branch box-to-
meter box identi?cation reached 98.34%, with an overall average accuracy of 99.74%. This solution completely replaces the
traditional manual veri?cation model, provides precise data support for load distribution and fault troubleshooting within
transformer districts, and signi?cantly enhances the management e?ciency of power transformer districts.
Ground Fault Protection: Ensuring Safe and Accurate Safeguarding for Distribution Grids
The distribution network grounding fault identi?cation solution extracts multi-dimensional fault characteristic quantities such
as amplitude, phase, and spectrum at the edge side, innovatively employing a deep learning-based fault identi?cation
algorithm. It can accurately identify Phase A/B/C grounding, Phase AB/BC/AC faults, and three-phase (ABC) grounding faults,
achieving an identi?cation accuracy of 98%. The related technology won the First Prize of the Hunan Provincial Science and
Technology Progress Award. This solution realizes real-time fault protection and high-precision localization, reducing fault
response time from hours to milliseconds, thereby greatly improving the power supply reliability of the distribution network.
Self-developed Dual-Mode Communication Module Applied in Non-Meter Scenarios
to Boost Power Grid Ef?ciency
This solution is tailored for a provincial power grid company to build a four-tier digital architecture of “Master Station-
Intelligent Terminal-Smart Measuring Switch-HPLC Energy Meter”. Leveraging the self-developed dual-mode communication
module as the core, it provides full-coverage communication support across both electricity meter and non-meter scenarios.
To date, the solution has delivered over 10,000 dedicated communication modules for Smart Measuring Switches. As the core
communication unit of the Smart Measuring Switch, this module is equipped with proprietary dual-mode communication
technology, enabling stable network formation and high-success-rate data collection in non-meter business scenarios.
Bene?ting from the module’s minute-level data acquisition capability, the solution strongly underpins key operations such as
precise line loss calculation and dynamic load monitoring. It e?ectively unlocks the power grid‘s energy-saving potential and
supports the achievement of the“dual carbon”goals. Meanwhile, it signi?cantly enhances outage management e?ciency and
overall power supply reliability, facilitating the digital upgrading and e?ciency improvement of non-meter scenarios,
including the lean management of distribution transformer areas and the optimal allocation of energy resources.
AI-Powered Visual Monitoring for Power Security and Rapid Response
This monitoring solution is developed based on a cloud-edge collaborative architecture with a lightweight visual recognition
algorithm, adaptable to scenarios such as distribution rooms and substations. It can identify abnormal situations like ?re,
water ingress, and personnel intrusion in real-time, and supports the integrated analysis of temperature, humidity, gas
sensor data with video image data for on-site decision-making and device control triggering. The anomaly reporting response
time is ≤ 10 seconds. This solution enables real-time early warning and rapid response to potential safety hazards in power
scenarios, reducing the pressure and safety risks associated with manual inspections.
ContributingtotheDevelopmentofGlobal
NewEnergySystems
Willfar Information's overseas solutions have evolved from AMI 1.0 to AMI 2.0, and are now advancing towards the
Computational-Electrical Integration. Against the backdrop of high proportional integration of renewable energy and
increasing grid complexity, the Company relies on a complete capability chain encompassing chips, terminals, systems, and
algorithms. By continuously pushing computing power to the edge and enabling intelligent decision-making, Willfar
Information has formed a global energy digitalization solution that is veri?able, replicable, and evolvable.
Smart Water Management Solution for Enhancing Urban Water Ef?ciency, Conservation,
and Consumption Reduction
This solution enables multi-dimensional resource and energy optimization through the WMS-HES system. It is fully
compatible with the DLMS/COSEM international standard, allowing adaptation to existing water meters and various
hardware, thereby reducing the resource consumption and environmental footprint associated with hardware replacement.
Furthermore, by utilizing real-time remote data monitoring, proactive alerts, and remote valve control, it precisely identi?es
and intervenes in abnormal water-use scenarios to minimize losses. The solution also incorporates digital operation and
maintenance tools for both PC and mobile platforms—including data visualization and work order management—reducing
the transportation energy and labor required for on-site inspections. Through the synergy of technical adaptability, data-
driven insight, and intelligent management, this solution helps customers improve water-use e?ciency and lower energy
consumption in management processes.
Smart Irrigation Contributing to Ef?cient Water Resource Management in Bangladesh
The Company has provided a smart irrigation solution to the Barind Multipurpose Development Authority (BMDA) in
Bangladesh, with the renovation project of 15,000 solar-powered pumping stations successfully implemented to
date.Leveraging solar PV clean energy to suit agricultural irrigation scenarios, this solution aligns with the low-carbon and
energy-e?cient development direction. It has been selected as a typical new agriculture solution case by the Asian
Development Bank (ADB). Furthermore, the solution has driven the upgrading and transformation of new agriculture in
countries such as Pakistan and Uzbekistan, achieving two-way empowerment of green technology export and regional
agricultural sustainable development.
HPLC Communication + V2G: Enabling Grid Peak Shaving and EV Owner Bene?ts through
Vehicle-Grid Interaction
Based on the company's HPLC communication technology, the vehicle-grid interaction mechanism enables charging piles to
interact with transformer district terminals or the master station via HPLC. The terminals control the charging piles and adjust
their charging/discharging strategies according to transformer capacity or directives from the master station. This system has
assisted a provincial grid company in constructing a green public and residential charging service network that integrates
"Ultra-Fast Charging, Fast Charging, and V2G." It facilitates peak shaving and valley ?lling by allowing electric vehicles to feed
stored energy back into the grid during periods of high demand, thereby alleviating grid stress through bidirectional power
?ow. Concurrently, vehicle owners can bene?t from time-of-use arbitrage—charging during low-tari? periods and selling
electricity back to the grid during high-tari? periods—achieving a dual win in both economic e?ciency and social bene?t.
Integrated Investment-Construction-Operation for Smart Parks: Facilitating Intelligent
Operations and Cost Reduction
This smart park solution pioneers the "cloud-edge collaboration + integrated investment, construction, and operation" model.
In the benchmark Changsha Zhigu project, it integrates over 300 edge AI gateways, combining intelligent vision and digital
twin technologies to build an intelligent operational ecosystem connecting "people, equipment, space, and services". Upon
completion, the project is projected to help park developers reduce information technology investment by 70%. Under
comparable service standards, property management fees are expected to decrease by over 30%—achieving "three-star cost,
?ve-star service"—while overall park operational e?ciency increases by 40%. This solution provides a replicable template for
smart park upgrades and has established a strong demonstrative e?ect within the industry.
Environmental
ComplianceManagement
EnvironmentalManagementSystem
Willfar Information has obtained ISO 14001 Environmental Management System certi?cation.
With “Management Measures + Control Procedures” as the core, the Company has established a
multi-tier documentation system that clearly de?nes “what to do, who will do it, and how to do it”:
Basic Management Measures (4 items):
De?ne operational standards for speci?c management areas
Measures for Green Circular Waste Management: Standardize the full
process of waste classi?cation, collection, and disposal, and clarify
di?erentiated control requirements for hazardous waste and general waste.
Measures for Green Energy Conservation and Consumption Reduction
Management: Cover resource and energy saving measures for water, electricity,
materials, equipment, etc. in production and o?ce scenarios.
Measures for Chemicals Management: Manage the full lifecycle of chemicals,
including procurement, handling, storage, use, and disposal, with emphasis
on labeling/identi?cation and emergency response requirements.
Measures for Managing In?uence on Relevant Parties: Extend environmental
requirements to suppliers, contractors, service providers, etc., and ensure
t h e i r c o m p l i a n c e t h ro u g h c o n t ra c t u a l c o n s t ra i n t s a n d t ra i n i n g /
communication.
Core Control Procedures (6 items): Establish a closed-loop mechanism for system operation
Environmental Aspect Identi?cation and Monitoring and Measurement Control:
Evaluation: Identify environmental aspects in Conduct proactive monitoring of signi?cant
production and operations through the yes/no environmental aspects, pollutant emission , and
judgment method and the three-factor evaluation energy-saving/consumption-reduction
method, determine signi?cant environmental performance; meanwhile, record passive
aspects, and prioritize control accordingly. monitoring data such as incidents and complaints
to evaluate the e?ectiveness of system operation.
Compliance Obligations Control: Regularly collect
Environmental and Occupational Health
and update applicable laws, regulations, and other
Operation Management: Carry out regular
requirements, communicate them to all departments
a n n u a l c o m p l i a n c e ev a l u a t i o n s , c o m p a re
and organize learning sessions to ensure the
l e g a l / re g u l a t o r y re q u i re m e n t s w i t h a c t u a l
system meets the latest compliance standards.
operations, identify non-compliance items, and
improve through corrective actions.
Emergency Preparedness and Response:
Develop emergency plans for ?res, chemical leaks,
Compliance Evaluation Control:Integrate
n a t u ra l d i s a s t e r s , a n d o t h e r e m e r g e n c i e s ,
re q u i re m e n t s a c r o s s v a r i o u s s p e c i a l i z e d
specifying response processes, responsible management areas, de?ne operational control criteria,
departments, and third-party assistance channels. and ensure implementation through training, routine
inspections, and execution of action plans.
HazardousSubstanceProcessManagement
System
The Company has established the IECQ QC 080000 Hazardous Substance Process Management System. It
regularly conducts testing—through professional testing organizations and self-testing—on the treatment
e?ectiveness of hazardous substances associated with noise, wastewater, and waste gas, ensuring full
compliance with the system requirements. For hazardous chemicals and substances that cannot be directly
handled internally, the management system also sets out clear implementation requirements. By setting up a
dedicated storage and transfer warehouse, the Company centrally collects and stores such materials with
clear identi?cation. After rigorous preliminary treatment, the Company entrusts professional waste disposal
institutions to conduct transfer and clean treatment.
EnvironmentalManagementMeasures
Environmental Knowledge Training
Willfar Information revised the Energy and Green Operations Management Manual and
organized dedicated training sessions on the revised manual, enabling each participant involved
In March 2025
in the Company’s energy management to better understand the requirements of the energy
management system and methods for continuous improvement of energy management.
Willfar Information organized production teams to attend training themed “Energy Saving
In August 2025 for All, Joint E?orts to Reduce Costs”, covering and introducing basic knowledge of energy
saving, the importance and urgency of energy saving, and energy-saving measurement and
evaluation methods.
Conducting Emergency Drills
Develop an Emergency Response Plan for Sudden Environmental Incidents and conduct regular emergency
drills. In 2025, the Company’s terminal manufacturing plant formulated an emergency drill plan for handling
accidental alcohol spills. The drill scenario assumed that, while an employee was measuring the alcohol (an
auxiliary material) required for that day, part of the alcohol leaked onto the ?oor, triggering the emergency
response procedures. The emergency response team used emergency supplies to complete the on-site
emergency handling. A total of seven personnel involved in dangerous goods management and disposal
participated in the drill, and a post-drill review and summary were conducted.
Addressing
ClimateChange
Willfar Information’s Greenhouse Gas Emissions mainly arise from three operational scenarios: (i) direct
emissions from gasoline combustion by o?cial vehicles, diesel combustion by shuttle buses, and natural gas
combustion in canteens; (ii) indirect emissions from purchased energy associated with electricity consumption
for production and o?ce operations; and (iii) fugitive emissions resulting from leakage of air-conditioning
refrigerants. The Company actively responds to the national strategy of Carbon Peak and Carbon Neutrality. By
strictly benchmarking against policy requirements such as the State Council’s “Action Plan for Carbon Dioxide
Peaking Before 2030” and “China’s Policies and Actions for Addressing Climate Change”, the Company has
established a systematic climate change management system. The Company dynamically identi?es climate-
related risks and green transition opportunities, implements targeted emission-reduction measures,
continuously reduces the potential impact of its production and operations on climate change, and steadily
advances its low-carbon development pathway.
ClimateChangeManagementSystem
Governance
The Company has established a four-tier climate change management accountability framework
featuring “Decision-making – Coordination – Management – Implementation”:
Decision Coordinate Manage Implementation
Board of Directors: Strategic & ESG Committee of the Sustainable Business units (including
The highest decision- Board: Development ESG departments and
making body, responsible Responsible for coordinating Working Group: subsidiaries):
for reviewing and approving strategy implementation, leading Responsible for day-to- Responsible for implementing
climate change-related the development of climate change- day organization, process climate-related initiatives and
strategic plans and related targets, and overseeing the coordination, and progress maintaining regular reporting
management programs; systematic identi?cation and tracking of climate to ensure e?ective execution
management of climate-related management work; of management
risks and opportunities; requirements.
Strategy
The Company has established a dynamic management mechanism for Climate Change impacts.
Through regular assessments of the short-, medium-, and long-term risks and opportunities of
Climate Change to its operations and ?nancial performance, the Company integrates climate factors
deeply into its strategic planning system. On the risk side, it formulates targeted mitigation plans; on
the opportunity side, it focuses on pathways for green transition, with key initiatives including the
development of core products for smart grids and the promotion of low-carbon solutions. By
empowering industrial-chain emissions reductions through technological innovation, the Company
advances synergies between climate resilience and sustainable value growth.
ClimateRisk&OpportunityManagement
To comprehensively understand and e?ectively address climate-related risks and opportunities, the Company
conducted in-depth identi?cation and analysis of climate factors involved in its day-to-day operations.
Risks
Physical Risks Risk description Potential impacts Response measures
May damage production sites and Establish a disaster early-warning
Extreme weather events
Acute infrastructure, resulting in equipment mechanism and emergency response
such as heavy rainstorms,
risks damage, logistics disruptions, and risks plans to enable rapid action in the
?oods, and typhoons
to employee safety event of sudden environmental incidents
Entity
Risk Strengthen energy management,
Rising temperatures, May increase energy costs, lead to
Chronic promote the use of renewable energy,
sea-level rise, and changes raw material shortages, and trigger
risks and build a ?exible supply chain system
in precipitation patterns new regulatory requirements
to ensure stable supply of raw materials
May face stricter environmental
Track domestic and international
regulations and carbon emissions
Climate change-related Climate Change policy developments
Policy and constraints, increasing compliance
laws and regulations may and promptly adjust strategies to
legal risks costs and a?ecting Supply Chain
a?ect the business model comply with the latest regulatory
Management, product design, and
requirements
technology selection
Increase investment in green technology
New technology needs Requires accelerated technological
R&D, actively seek partners, establish
Technology arising from Climate Change innovation and upgrades to meet
innovation mechanisms, and accelerate
risks responses and limitations increasingly stringent environmental
the application and promotion of new
of existing technologies standards and market demand
Transition technologies.
Risk
Strengthen communication with
Public, customer, and As consumer preferences shift toward stakeholders, respond to market
Reputation investor perceptions of the green products and services, failure to needs, develop and promote green
risks Company’s Climate Change respond in a timely manner may a?ect
products and services, and enhance
actions brand value
brand loyalty
Closely monitor market dynamics,
Failure to adjust the product portfolio
Impacts of Climate Change ?exibly adjust production and marketing
Market in time to meet green consumption
on market demand and strategies, strengthen supply chain
risks demand may lead to loss of market
supply chains management, and establish a
share and customer attrition
diversi?ed supplier network
Opportunities
Opportunity Opportunity description Potential impacts Response measures
Optimize energy utilization e?ciency,
Optimize resource use, reduce Reduce operating costs, lessen
conduct regular energy-e?ciency
Resource E?ciency waste, and improve production environmental impacts, and enhance
corporate image assessments, and enhance employees’
e?ciency
awareness of resource utilization
Reduce energy costs, cut carbon Increase the use of renewable energy
Utilize renewable energy such
Energy Source emissions, and improve energy and reduce consumption of traditional
as solar energy
supply stability energy
Enhance market competitiveness, Launch green product lines, establish
Develop or promote low-carbon
Products and strengthen customer loyalty, and
products and services to meet a Green Supply Chain, and strengthen
Services open up new markets through demand
market demand. for low-carbon products and services. marketing and brand building.
Capture global emphasis on
Increase market share and Actively participate in green projects
Markets sustainable development to expand
enhance brand value and expand into international markets
new markets and customer segments
AppendixI
KeyPerformanceDataTable
EconomicPerformance
Indicator Unit Value in 2025
Operating revenue RMB (100 million) 29.78
Year-on-year growth rate of operating revenue % 8.48%
Net Pro?t RMB (100 million) 6.66
Net Pro?t Year-on-Year Growth Rate % 5.64%
Net Pro?t Margin % 22.38%
Total taxes paid RMB (100 million) 2.74
Dividends for 2025 (including interim dividend) yuan per 10 shares 5.50
GovernancePerformance
Indicator Unit Value in 2025
Corporate Governance
Shareholders’ Meeting held Times 3
Board of Directors meetings held Times 6
Attendance rate of Board members % 100%
Meetings held by the Board’s specialized committees Times 8
Proportion of female directors on the Board % 22.22%
Disclosure Announcement Documents Reports 75
Documents of Voluntarily Disclosed Announcements Reports 16
Number of Investor Calls Answered Times 317
Indicator Unit Value in 2025
Compliance and Business Ethics
Compliance Training Sessions Times 2
Number of Anti-Fraud and Anti-Corruption
Times 1
Training Sessions
Fair Competition Training Sessions Times 1
Signing rate of the Integrity and Self-Discipline
% 100%
Commitment Letter (employees)
Signing rate of Supplier Sunshine Agreement % 100%
Employee Employment
Labor contract signing rate % 100%
Employee Turnover Rate % 7.07%
Total number of employees Persons 834
By gender
Female Persons 197
Male Persons 637
By age
Aged 30 and below Persons 212
Aged 31–40 Persons 390
Aged 41–50 Persons 208
Aged above 50 Persons 24
By Job Level
Senior management Persons 12
Middle management Persons 176
Frontline employees Persons 646
Employee Training
Total Training Expenditure RMB(10 thousand) 146.32
Number of training programs conducted during the year Times 983
Annual Cumulative Number of Trainees Person-time 57,124
Total accumulated hours of employee training Hours 53,407
Average training hours per employee Hours 64
Employee training coverage rate % 100%
Indicator Unit Value in 2025
Occupational Health and Safety
Number of Employees Covered by Physical Examinations Persons 834
Number of Occupational Health Training Sessions Times 2
Cumulative Person-times of Occupational Health
Person-time 121
Training Participants
Number of Work Safety Training Sessions Times 62
Cumulative Person-times of Work Safety Training
Person-time 3,046
Participants
Number of Work Safety Emergency Drill Exercises Times 5
Number of Participants in Work Safety Emergency Drills Persons 105
R&D & Technological Innovation
R&D investment RMB(million) 232
R&D Personnel Count Persons 430
Number of Newly Authorized Patents Annually Items 97
Number of standards formulated/revised annually Items 23
Product Quality and Service
Product Quali?cation Rate % 99.98%
Customer Satisfaction Index % 99.95%
Complaint Handling Rate % 100%
Coverage Rate of Random Inspection for Raw Materials 100%
%
and Finished Products
Number of Quality Training Sessions Times 29
Cumulative Person-times of Quality Training Participants Person-time 2,462
Supply Chain Management
Total Number of Suppliers Number 392
Number of Suppliers Audited Annually Number 392
Number of Suppliers Conducting Environmental
Number 392
Impact Assessments
Annual Signing Rate of Suppliers for the Sunshine
% 100%
Agreement
EnvironmentalPerformance
Indicator Unit Value in 2025
Greenhouse Gas Emissions
Scope 1 – Total direct greenhouse gas emissions tCO 2e 175.60
Scope 2 – Total indirect greenhouse gas emissions tCO 2e 3,014.68
Total GHG emissions (Scope 1 + Scope 2) tCO 2e 3,190.28
tCO 2e/10,000 yuan of
Greenhouse gas emission intensity 0.01
annual revenue
Energy Utilization
Total energy consumption tce 849.06
tce/10,000 yuan of
Energy consumption intensity 0.003
annual revenue
Gasoline L 18,785.88
Diesel L 0
Natural Gas m3 72,199.00
Total electricity consumption kWh 7,254,214.39
Purchased electricity kWh 6,098,118.04
Photovoltaic power generation kWh 1,156,096.35
Total water consumption Tonne 232,325.00
Tonne/10,000 yuan of
Water consumption intensity 0.78
annual revenue
Pollutant Treatment
Environmental Protection Investment RMB(10 thousand) 30.81
Total Amount of Harmless Waste Generated Tonne 132.00
Hazardous Waste Generation (Tin Dross) Tonne 3.16
Recovery and Utilization Rate of Hazardous Waste % 100%
Annual Nitrogen Oxide Emissions Tonne 0
Annual Sulfur Oxide Emissions Tonne 0
Annual Emissions of Volatile Organic Compounds (VOCs) Tonne 0
Annual Emissions of Particulate Matter (PM) Tonne 0.0068
Note: Data related to total power consumption, total water consumption, and greenhouse gas emissions only cover the company's industrial
sector and self-built logistics parks.
Indicator Unit Value in 2025
Annual Emissions of Chemical Oxygen Demand (COD) Tonne 10.05
Annual Emission of Biochemical Oxygen Demand (BOD) Tonne 2.76
Annual Ammonia Nitrogen Emissions Tonne 2.90
Annual Emission of Total Phosphorus (TP) Tonne 0.27
Annual Total Nitrogen Emissions Tonne 0
Total Volume of Hazardous Waste Generated Tonne 7.55
Waste Recycling Volume Tonne 3.16
AppendixII
GRIStandardsandShanghaiStockExchange
SustainabilityReportingGuidelinesIndex
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Organizational and Reporting Practices
Ensuring Transparent
GRI2-1 Organizational details /
Governance
Entities included in the organization's sustainability
GRI2-2 Article 4 Introduction
reporting
GRI2-3 Reporting period, frequency and contact point Article 4 Introduction
GRI2-4 Restatements of information / Introduction
GRI2-5 External assurance / Assurance Report
Activities and workers
Ensuring Transparent
GRI2-6 Activities, value chain and other business relationships /
Governance
Employee Development and
GRI2-7 Employees Article 50
Rights Protection
GRI2-8 Workers who are not employees Article 50 /
Governance
GRI2-9 Article 12 Ensuring Transparent
Governance structure and composition
Governance
Nomination and selection of the highest Ensuring Transparent
GRI2-10 Article 12
governance body Governance
Article 12 Ensuring Transparent
GRI2-11 Chair of the highest governance body
Governance
Role of the highest governance body in overseeing Ensuring Transparent
GRI2-12 Article 9
the management of impacts Governance
Article 9 Ensuring Transparent
GRI2-13 Delegation of responsibility for managing impacts
Governance
Role of the highest governance body in
GRI2-14 Article 9 ESG Governance Structure
sustainability reporting
/ Ensuring Transparent
GRI2-15 Con?icts of interest
Governance
GRI2-16 Communication of critical concern / Stakeholder Engagement
/ Ensuring Transparent
GRI2-17 Collective knowledge of the highest governance body
Governance
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Evaluation of the performance of the highest Ensuring Transparent
GRI2-18 /
governance body Governance
GRI2-19 Remuneration policies / Upholding Employee Rights
GRI2-20 Process to determine remuneration / Upholding Employee Rights
GRI2-21 Annual total compensation ratio / /
Strategy, policies and implementation
GRI2-22 Statement on sustainable development strategy / Introduction
GRI2-23 Policy commitments Article 55; Article 56 ESG Governance Structure
GRI2-24 Embedding policy commitments / See details in each section
GRI2-25 Processes to remediate negative impacts / /
GRI2-26 Mechanisms for seeking advice and raising concerns / Stakeholder Engagement
Deepening Operational
GRI2-27 Compliance with laws and regulations /
Compliance
Management System Certi?cations and
GRI2-28 Membership associations /
Industry Association Memberships
Stakeholder engagement
GRI2-29 Approach to stakeholder engagement Article 9; Article 53 Stakeholder Engagement
GRI2-30 Collective bargaining agreements / /
Material topics
GRI3-1 Process to determine material topics Article 5 Material Topic Identi?cation
GRI3-2 List of material topics Article 5 Stakeholder Engagement
GRI3-3 Management of material topics Article 5 Material Topic Identi?cation
Economic performance
GRI201-1 Direct economic value generated and distributed /
Highlights
Financial implications and other risksand o
GRI201-2 / Addressing Climate Change
pportunities due to climate change
De?ned bene?t plan obligations and other
GRI201-3 Article 50 Upholding Employee Rights
retirement plans
GRI201-4 Financial assistance received from government / /
Market Performance
Ratios of standard entry level wage by gender
GRI202-1 / /
compared to local minimum wage
Proportion of senior management hired from the
GRI202-2 / /
local community
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Indirect economic
impacts
GRI203-1 Infrastructure investments and services supported Article 40 Commitment to Social Good
GRI203-2 Signi?cant indirect economic impacts / Commitment to Social Good
Procurement Practices
GRI204-1 Proportion of spending on local suppliers / /
Anti-corruption
GRI205-1 Operations assessed for risks related to corruption Article 55 Integrity and Anti-Corruption
Communication and training about anti-corruption
GRI205-2 Article 55 Integrity and Anti-Corruption
policies and procedures
GRI205-3 Con?rmed incidents of corruption and actions taken Article 55 Integrity and Anti-Corruption
Unfair Competition Practices
Legal actions for anti-competitive behavior, Deepening Industry
GRI206-1 /
anti-trust,and monopoly practices Collaboration
Tax
Deepening Operational
GRI207-1 Approach to tax /
Compliance
Deepening Operational
GRI207-2 Tax governance, control, and risk management /
Compliance
Stakeholder engagement and management of Deepening Operational
GRI207-3 /
concerns related to tax Compliance
GRI207-4 Country-by-country reporting / /
Material
GRI301-1 Materials used by weight or volume Article 37 Key Performance Data Table
Energy, Water Conservation
GRI301-2 Recycled input materials used Article 37
and Emissions Reduction
Energy, Water Conservation
GRI301-3 Reclaimed products and their packaging materials Article 37
and Emissions Reduction
Energy
GRI302-1 Energy consumption within the organization Article 35 Key Performance Data Table
GRI302-2 Energy consumption outside of the organization Article 35 /
GRI302-3 Energy Intensity Article 35 Key Performance Data Table
GRI302-4 Reduction of energy consumption Article 35 Key Performance Data Table
Reductions in energy requirements of products
GRI302-5 / Green Solutions
and services
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Water and ef?uents
Energy, Water Conservation
GRI303-1 Interactions with water as a shared resource Article 36
and Emissions Reduction
Energy, Water Conservation
GRI303-2 Management of water dischargerelated impacts Article 36
and Emissions Reduction
Energy, Water Conservation
GRI303-3 Water withdrawal Article 36
and Emissions Reduction
Energy, Water Conservation
GRI303-4 Water discharge Article 36
and Emissions Reduction
Energy, Water Conservation
GRI303-5 Water consumption Article 36
and Emissions Reduction
Biodiversity
Operational sites owned, leased, managed in, or
GRI304-1 adjacent to, protected areas and areas of high / /
biodiversity value outside protected areas
Signi?cant impacts of activities, products and services
GRI304-2 / /
on biodiversity habitats protected or restored
GRI304-3 Habitats protected or restored / /
IUCN Red List species and national conservation list
GRI304-4 / /
species with habitats in areas a?ected by operations
Emissions
GRI305-1 Direct (Scope 1) GHG emissions Article 24 Key Performance Data Table
GRI305-2 Energy indirect (Scope 2) GHG emissions Article 25 Key Performance Data Table
GRI305-3 Other indirect (Scope 3) GHG emissions / Key Performance Data Table
GRI305-4 GHG emissions intensity Article 24; Article 25 Key Performance Data Table
GRI305-5 Reduction of GHG emissions Article 27 Key Performance Data Table
GRI305-6 Emissions of ozone-depleting substances (ODS) / /
Nitrogen oxides (Nox), sulfur oxides (SOx), and other
GRI305-7 / /
signi?cant air emissionS
Waste
Waste generation and signi?cant waste-related Environmental Compliance
GRI306-1 Article 31
impacts Management
Environmental Compliance
GRI306-2 Management of signi?cant wasterelated impacts Article 33; Article 37
Management
Environmental Compliance
GRI306-3 Waste Generated Article 33; Article 37
Management
Environmental Compliance
GRI306-4 Waste diverted from disposal Article 37
Management
Environmental Compliance
GRI306-5 Waste directed to disposal Article 37
Management
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Supplier Environmental Assessment
New suppliers that were screened using
GRI308-1 Article 45 Supplier Management
environmental criteria
Negative environmental impacts in the supply
GRI308-2 Article 45 Supplier Management
chain and actions taken
Employment
GRI401-1 New employee hires and employee turnover Article 50 Key Performance Data Table
Bene?ts provided to full-time employees that are
GRI401-2 Article 50 Upholding Employee Rights
not provided to temporary or part-time employees
GRI401-3 Parental Leave Article 50 Upholding Employee Rights
Labor/Management Relations 2016
Minimum notice periods regarding operational
GRI402-1 / /
changes
Occupational Health And Safety
Embedding a Culture
GRI403-1 Occupational health and safety management system Article 50
of Well-being
Hazard identi?cation, risk assessment, and incident Embedding a Culture
GRI403-2 Article 50
investigation of Well-being
Embedding a Culture
GRI403-3 Occupational health services Article 50 of Well-being
Worker participation, consultation, and Embedding a Culture
GRI403-4 communication on occupational health and safety / of Well-being
Embedding a Culture
GRI403-5 Worker training on occupational health and safety Article 50 of Well-being
Embedding a Culture
GRI403-6 Promotion of worker health Article 50 of Well-being
Prevention and mitigation of occupational health and Embedding a Culture
GRI403-7 safety impacts directly linked by business relationships Article 50 of Well-being
Workers covered by an occupational health and Embedding a Culture
GRI403-8 safety management system Article 50 of Well-being
Embedding a Culture
GRI403-9 Work-related Injuries Article 50 of Well-being
Embedding a Culture
GRI403-10 Work-related ill health Article 50 of Well-being
Training and Education
GRI404-1 Average hours of training per year per employee Article 50 Key Performance Data Table
Programs for upgrading employee skills and Powering Our People
GRI404-2 Article 50
transition assistance programs Through Training
Percentage of employees receiving regular
GRI404-3 performance and career development reviews Article 50 Key Performance Data Table
Diversity and Equal Opportunity
Championing Equality
GRI405-1 Diversity of governance bodies and employees /
and Diversity
Ratio of basic salary and remuneration of women
GRI405-2 / /
to men
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Non-discrimination
Ratio of basic salary and remuneration of Championing Equality
GRI406-1 /
women to men and Diversity
Freedom of Association and Collective Bargaining
Operations and suppliers in which the right to
GRI407-1 freedom of association and collective bargaining / /
may be at risk
Child Labor
Operations and suppliers at signi?cant risk for Bolstering the Supply
GRI408-1 /
incidents of child labor Foundation
Forced or Compulsory Labor
Operations and suppliers at signi?cant risk for Bolstering the Supply
GRI409-1 /
incidents of forced or compulsory labor Foundation
Security Practices
Security personnel trained in human rights
GR410-1 / /
policies or procedures
Indigenous Rights
Incidents of violations involving rights of in
GRI411-1 / /
digenous peoples
Local Communities
Operations with local community engagement,
GRI413-1 / /
impact assessments, and development programs
Operations with signi?cant actual and potential
GRI413-2 / /
negative impacts on local communities
Supplier Social Assessment
New suppliers that were screened using
GRI414-1 Article 45 Supplier Management
social criteria
Negative social impacts in the supply chain Supplier Management
GRI414-2 Article 45
and actions taken
Public Policy
GRI415-1 Political contributions / /
Customer Health and Safety
Assessment of the health and safety impacts of
GRI416-1 Article 47 Lean Quality Protection
product and service categories
Incidents of non-compliance concerning the health
GRI416-2 Article 47 Lean Quality Protection
and safety impacts of products and services
Shanghai Stock
Exchange
Global Reporting Initiative Sustainability Corresponding
Sustainability
Reporting Standards Section
Reporting
Guidelines
Marketing and Labeling
Requirements for product and service information
GRI417-1 / Lean Quality Protection
and labeling
Incidents of non-compliance concerning marketing
GRI417-2 / /
communications
GRI417-3 Marketing communications compliance incidents / /
Customer Privacy
Substantiated complaints concerning breaches of
GRI418-1 Article 48 Fortifying Information Security
customer privacy and losses of customer data
Independent Assurance Report
CommentsandFeedback
Dear Reader： 1. To Willfar Information, your stakeholder group is:
□Government / Regulatory Authority? □Customer?
Hello! Thank you for taking the □Shareholder / Investor? □Supplier?
time to read this report. In order □Employee □Community □Industry Association?
to continuously enhance the □Media? □Others
Company ’s ESG information
disclosure and to advance the 2. Your overall evaluation of Willfar Information’s ESG
Company’s ESG management performance is:
and practices, we sincerely □Excellent? □Good? □Fair? □Poor? □Very Poor
look forward to your valuable
comments and suggestions. 3. Your overall evaluation of this report is:
□Excellent? □Good? □Fair? □Poor? □Very Poor
this year’s report?
□Yes? □No? □Partially
ESG performance and this report?
You may contact us through the following channels:
Mailing Address: Securities Department, Willfar Technology
Park, No. 468 Tongzipo West Road, Yuelu District, Changsha,
Hunan Province, China
Telephone number: 0731-88619798
E-mail: IR@willfar.com
IoT Connects the World
Chip Enables the Future
Willfar Information Technology Co., Ltd
Website: http://www.willfar.com
Phone: 0731-88619798
Address: Wasion Science and Technology Park, 468 Tongzipo West Road, Yuelu
District, Changsha City, Hunan Province, China
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