LUSTER 2025
Environmental,
Social and Governance
(ESG) Report
Knowledge and Reasons are Our Arms to Embrace the World
LUSTER
Stock Code: 688400
Contents
Development Compliance Ecosystem
Vision + AI Leading a New Landscape Strengthening Corporate Governance
About this Report Innovation Development System Protect Investor Rights and Interests
About LUSTER Product Quality Improvement Ensure Data Security and Customer Privacy Protection
Co-creating a Value Supply Chain
Honors & Awards
ESG Strategy and Win-Win Culture and Collaborative Home
Management Employment & Remuneration
Green Development
Key Performance Table Employee Development
Resource Utilization
Index of Indicators Employee Health and Safety
Social Contribution
Protection of Employee Rights and Interests
About this Report
This Report describes the sustainable development philosophy of LUSTER LightTech Co., Ltd. (hereinafter referred to as “LUSTER”, the “Company”, or “the Company”)
and its subsidiaries, as well as the work plans and progress in the social, governance, and environmental aspects in 2025.
Scope of Report Statement on Report Reliability
This Report covers LUSTER and its subsidiaries. Financial-related data adopt the statistical scope of the The Board of Directors of LUSTER is responsible for the authenticity, accuracy, and completeness
of this Report covers the period from January 1, 2025 to December 31, 2025. Unless otherwise material omissions.
specified, all data in this Report are for this period.
Basis for Report Preparation Report Approval Process
The preparation of this Report follows the “Guidelines No. 14 of Shanghai Stock Exchange for Self- This Report was reviewed and approved by the Board of Directors on April 27, 2026.
Regulation of. Listed Companies - Sustainability Report (Trial)” issued by the Shanghai Stock
Exchange, and also references the GRI Sustainability Reporting Standards (GRI Standards) published
by the Global Sustainability Standards Board (GSSB).
Notes on Data of the Report Release of Report
The information and data used in this Report are derived from original records, statistical reports, and LUSTER’s ESG Report is released simultaneously with the Annual Report. The Simplified
financial reports from the Company’s actual operations, and are uniformly presented in RMB as the unit Chinese and English electronic versions are available on the Company’s official website or the
of measurement. Shanghai Stock Exchange website (www.sse.com.cn).
Having been deeply engaged in the fields of machine vision and optoelectronic information for nearly 30 years, LUSTER has consistently upheld its
mission of “implanting eyes and brain into machines, empowering light-speed interconnection, and creating and realizing customers’ dreams.” The Company
deeply integrates the concepts of Environment, Social, and Governance (ESG) into its core business of “Vision + AI,” drives sustainable development through
technological innovation, and is committed to becoming a global leader in visual artificial intelligence.
Based on the business essence of machine vision characterized by “quality improvement, efficiency enhancement, and consumption reduction,” the
Company established a three-tier ESG management structure of “decision-making–planning–execution” in 2025. Major decisions are coordinated through the
Strategy and Sustainability (ESG) Committee, while three lines of risk management defense—business, internal audit, and audit—are reinforced. ESG
requirements are embedded throughout the entire product chain of “components–systems–equipment–intelligent factories,” enabling the deep integration of
technological innovation and sustainable development.
Environmentally, the Company empowers the green transformation of the entire industrial chain through machine vision technology. Through high-
precision intelligent inspection solutions, it helps customers reduce carbon emissions from production waste and rework processes, thereby promoting cost
reduction and carbon reduction in manufacturing. Meanwhile, the Company advances the development of Green Factories, deploys renewable energy
applications and digitized green operations, and establishes a full-process environmental management system to standardize the disposal process of wastewater,
waste gas, and waste. No major environmental violations or incidents occurred throughout the year. Socially, the Company focuses on the promotion of machine
vision technology and value co-creation, and solidly fulfills its social responsibilities: through university-enterprise cooperation, skills training, and industry
competitions, professional talent is cultivated for the industry; employee rights protection and occupational health and safety systems are improved to ensure
comprehensive compliance protection and all-round employee development; collaborative empowerment is deepened across the supply chain to promote
sustainable development among upstream and downstream enterprises; and the Company actively participates in rural revitalization and public welfare
initiatives, giving back to society and delivering warmth through concrete actions. In terms of governance, the Company strengthens the foundation for high-
quality development through compliant governance by improving the corporate governance structure, optimizing ESG governance mechanisms and
information disclosure systems, and reinforcing full-cycle compliance management and intellectual property protection across the supply chain. We strictly
adhere to the bottom line of business morality, strengthen defenses against corruption and fraud as well as data security risks, and build a transparent and
compliant governance ecosystem that earns the trust of all stakeholders, thereby providing a solid guarantee for stable business operations.
In the future, LUSTER will continue to place “Vision + AI” innovation at its core, advance scenario-based applications of its technologies in green
manufacturing, intelligent manufacturing and the digital economy, and work together with stakeholders to jointly create a sustainable future featuring the 02
coordinated development of economic, environmental, and social value.
About LUSTER
Based on optical technology innovation, LUSTER conducts its business activities focusing on machine vision and fiber optics, and is committed to
growing into a global leader in the field of visual artificial intelligence and optoelectronic information. The Company adheres to using “Vision + AI” to
Implant the eyes and brain
implant eyes and brain into machines, serving industrial intelligent manufacturing and embodied intelligence data acquisition. Leveraging nearly 30
years of technological accumulation in optical imaging, vision software and algorithms, and precision automation, the Company continuously advances into machines, empower light
product innovation and strives to become the optimal, strategic, trusted, and honorable choice for its customers. speed interconnection, create
Mission and realize customer dreams
Serving 20,000+ customers in 60 countries and
regions worldwide Grow into a global leader in
the field of visual artificial
intelligence and
Vision optoelectronic information
Take promoting industry
development as our mission,
and strive collectively through
hard work. Transform
Values knowledge into wealth, and
ensure that wealth belongs to
its true creators
Intelligent Business Intelligent Workforce Intelligent Organization Intelligent Campus
Intelligent Solutions, AI-Empowered Workforce Intelligent Business Operations & Enhanced Experience ·Greater
Products & Services Project Management Efficiency ·Greener Operations
Industrial Intelligent Manufacturing Cultural Metaverse Optical Communication
The Company has been deeply engaged in the industrial vision field for more Based on innovations in computational imaging and artificial intelligence Rooted in fiber-optic technology across five major application fields (data
than two decades and has grown into an industry-leading provider of technologies, and oriented toward applications such as virtual reality, digital communication, telecommunications, scientific communication, fiber lasers,
configurable vision systems, intelligent vision equipment, and core vision humans in the Web3.0 era, and VR immersive media, the Company has and fiber sensing), the Company leverages high-quality product resources
components, as well as related products and solutions. Serving multiple independently developed a series of advanced products and solutions such as high-end optoelectronic components, high-end equipment, and
industries in industrial intelligent manufacturing, the Company provides including light-field modeling, panoramic filming, motion capture, and instruments based on internationally leading technologies to continuously
customers with diversified products and solutions for intelligent manufacturing virtual production. These technologies enable the integration of digital build leading high-end product solutions, guiding and creating demand
and quality inspection, and supports the transformation and upgrading of humans, objects, scenes, and environments, making the Company a Chinese among domestic industry customers, and empowering the transformation
industrial manufacturing through continuous product innovation. leading provider of Metaverse digital content creation tool platforms. and upgrading of the digital economy.
Key Strategic Battles for Sustained Business Growth
Over the next five years, the Company will center its strategy on three core pillars—industrial artificial intelligence, the cultural
metaverse, and fiber optic communications. To build the strategic capabilities required for sustainable medium- to long-term growth,
we will execute through five strategic imperatives: deepening engagement with strategic customers, accelerating international
expansion, developing a diversified product portfolio, advancing our Four Intelligences initiative, and leveraging capital operations.
This comprehensive approach will ensure the Company continues to thrive through the ongoing AI-driven transformation of society.
Development History
Pioneering Practice in
Machine Vision 2005 Deep Development of Major
Industry Applications 2015 Leap in Vision + AI + Automation
Capabilities 2025
• Applications of Self-developed Products:Printing and • Automation + AOI, GMQM Industrial software + big data
• Distributed globally leading machine vision products
packaging, display, 3C electronics, and new energy • Deep Learning + Pattern Recognition, Increased AI Penetration + F.Brain
• Self-developed the first large-sheet RMB intaglio printing Acquisition of JAI
markets • A+B-C Strategy
inline quality inspection system
• Acquisition of JAI, global expansion of machine vision
Taihu Industrial Artificial Intelligence
Base Groundbreaking CVPR/ECCV
Dual Champion in
STAR Market
Industrial Quality
listing
Serving the CCTV Inspection
China machine vision Spring Festival Gala for
industry
Smart Factory system ranking No.1 in sales * 5 consecutive years
Full-Stack Digital Lithium Battery SmartFAB
Human Separator market
Apple Vision Automation field Production Process
Ministry of Science and
Technology
Technology Coded Imaging
provider
Consumer electronics Major Scientific Instrument Second Prize of the
market Project Approval National Science and
Printing Serving Apple’s Light field reconstruction Technology Progress
Display label market supply chain Second Prize of the National Award
quality inspection field Stereoscopic video Science and Technology
Proprietary machine vision reconstruction Progress Award
algorithm library First Prize of the National
VisionWARE Invention Award
The first large-sheet RMB
intaglio printing inline
quality inspection system
LUSTER
entrepreneurial
team
Wholly-owned Acquisition of JAI: Strategic Globalization and Ecosystem Advancement
Advancing responsible M&A to integrate the "AI + Vision" value chain, enabling convergence of technology, market reach, and organizational
excellence.
Localized Governance Integration
Completed full acquisition in January 2025, integrating JAI's 60+ years of optical imaging technology
and established channels across Europe, America, Japan, and Korea into our ecosystem to reinforce
global footprint. Rapidly optimized governance structure, refocused JAI on core strategic priorities,
and delivered year-on-year performance improvement in 2025.
Supply Chain & Product Line Synergy
JAI industrial cameras fill gaps in our product portfolio; complementary models transferred to Japan
for production. Integrated global procurement demands, established dual manufacturing bases in
China and Japan, shared engineering capabilities, and ensured resilient global supply.
Cross-Cultural Organizational Integration
Upholding the principle of "Respecting Expertise, Local Operations," appointed Masao Watabe as
JAI's operational management lead, with local teams driving daily operations. Established a regular
customer service channel-sharing mechanism; unified R&D roadmaps and co-built platforms across
both teams; enabled two-way market expansion through shared sales resources, achieving organic
flow of talent, technology, and markets.
Honors and Awards in 2025
Technology Innovation Capital Market Influence
Technological Innovation Awards and ESG Awards
Development Qualifications
Subsidiary Suzhou LUSTER Industrial
Intelligent Technology Co., Ltd.
rated a National High-Tech Enterprise
Second Prize of the Beijing Technology 2024 Beijing Benchmark Enterprise for Digital 2024 Beijing's First Set of Major Technical
Invention Award Fundamental Technologies Equipment 2025 M&A and Restructuring Award
(Shanghai Securities News + China Investor Relations
Securities Journal) Innovation Award
Beijing Yuanke Fangzhou Technology Co., Ltd.
Suzhou High-Quality Dataset for the Beijing Specialized, Refined, Differential and
Beijing Typical Case of Artificial Intelligence Beijing Achievements in High-Quality Industry
Manufacturing Sector Innovative SME
Empowering Industry Development Dataset Resource Development
Listed Company of the Year 2025 Listed Company of the Year 2025
Crystal Ball Award for Information Crystal Ball Award for ESG
Disclosure
Beijing Yuanke Vision Technology Co., Ltd.
Beijing Specialized, Refined, Differential and Best Communication and Interaction
Technology Innovation Projects
Key ESG Indicators for 2025
Core Economic Technological Intellectual
Contribution Innovation Property Rights Product Quality
Operating Revenue in 2025 R&D Investment R&D Investment/Revenue Product Yield Customer
RMB 2.912 billion RMB 511million 17.53% Cumulative Patents 895 ＞99% Satisfaction
＞90%
R&D Members/Total
R&D Members Number of Employees
Dividends + Share Repurchases
RMB 51 million
Rate 100%
• Deep integration of AI algorithms and 0 major quality accidents
Basic Earnings per Share independent and controllable platforms, throughout the year
enabling intelligent transformation Invention Patents in 2025 93 Passed ISO9001 certification
RMB 0.35/share across the entire product line
audit
Environmental Social
Supply Chain Human Resources Protection Contribution
Proportion of Suppliers Signing Employee Social Supplementary Environmental Protection Total Charitable Donations in
the Anti-Corruption Agreement Insurance Medical 2025
Investment in 2025
Coverage Rate Insurance Rate
YoY Increase of 5%
Total Number of Employees Taking Passed ISO14001 certification Actual Controller for Three
Maternity Leave and Paternity Leave audit Consecutive Years
Safety Agreement Signing Rate
Opportunities
YoY Increase of 5% Proportion of Employees Returning to and Challenges Identified in the Youth Training Program under
Work After Maternity Leave First Year community-school-enterprise
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
ESG Strategy and Management
LUSTER has always attached great importance to its own sustainable development capability and is committed to LUSTER attaches great importance to risk management in the process of sustainable development and
establishing a clear sustainable development governance structure aligned with its current stage of development, has established three lines of defense for risk management through coordinated collaboration among
aiming to grow together with all stakeholders, achieve mutual benefit and win-win outcomes, and jointly advance a business, internal audit, and external audit. Through this mechanism, the Company can promptly
sustainable future. identify various risks arising during operations and adopt effective measures for prevention, control,
At the ESG management structure level, the Company has established a three-tier management mechanism of and management. Using risk matters as entry points, the Company further feeds insights back into
“decision-making–planning–execution.” The Strategy and Sustainability (ESG) Committee under the Board of internal management and institutional systems, promoting the continuous improvement of processes
Directors serves as the decision-making level, responsible for overall decision-making on major sustainable and systems and safeguarding its long-term sustainable development and stable operations.
development matters related to strategy, operations, and social production. Under the Committee, the Company
conducts tiered planning and execution of sustainable development topics across different dimensions, including
customers, the supply chain, and employees. Among them, the Board Secretary’s Office serves as the core driving ESG Risk Management
unit of the governance system, responsible for advancing specific planning and execution. Through the above
organizational operation approach, the Company synchronizes information on annual key ESG topics, research, and
major matters, advances decision-making closed loops, and forms a normalized operating mechanism featuring
coordinated linkage from top to bottom and integrated focus on key priorities. Business Line of Internal Audit Line of Audit Line of Defense
Defense Defense
Responsibilities of the Strategy and Sustainability (ESG) Committee
The Company has established a The Company has established an
Business operations involve the entire dedicated Internal Audit Department Audit Committee under the Board
that focuses on key operational
• Studies and formulates the Company’s long-term development strategic plan process from customer acquisition to of Directors to perform its duties
priorities and annual key projects to
• Studies and puts forward suggestions on major investment and financing plans which are contract signing, and from product
review its major business activities
of supervising, auditing, and
delivery to payment collection. Based preventing major risks by holding
required to be approved by the Board of Directors under the Articles of Association on actual business conditions, the and processes, exercising in-depth regular or ad hoc meetings to
• Studies and puts forward suggestions on major capital and asset operation projects that are Company provides risk and control over compliance risks and review key matters such as
compliance training to frontline containing potential risks within the business operations, management
required to be approved by the Board of Directors under the Articles of Association Company. As the lead department, the
business personnel and management, decisions, and accounting
• Identifies and assesses material ESG risks and opportunities, including those related to designating participants at each stage Internal Audit Department is treatments, thereby ensuring the
environmental, social, and corporate governance aspects, and participates in providing as risk controllers to prevent responsible for proposing systematic effective operation of the business
and feasible solutions and promoting
suggestions on the Company’s ESG strategy, including strategic planning, target setting, “defective” processes from entering line of defense and the internal
subsequent stages. the continuous optimization and audit line of defense.
policy formulation, execution management, and risk assessment improvement of processes.
• Supervises the Company’s ESG work and provides suggestions, reviews the Company’s
ESG Report and provides suggestions, implements other matters authorized by the Board
of Directors, and supervises the progress of ESG initiatives
• Studies and provides suggestions on other significant matters affecting the development of Product Responsibility
Supply Chain Risk Talent Gap Risk
the Company Risk
• Inspects the implementation of the above matters
• Other matters authorized by the Board of Directors Data Security and
Business Ethics Risk Public Opinion Risk
Privacy
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Stakeholder Communication Identification and Assessment of Material Topics
In accordance with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of. Listed
Companies - Sustainability Report (Trial) and the GRI Standards, and in consideration of its
development stage and operational priorities, the Company systematically carried out the identification
of material topics. Through preliminary screening of topics based on the comprehensive analysis of the
internal and external development environment, operational impacts, and industry practices, and
Stakeholders Topics of Concern Communication Channels through a dual-dimensional assessment focusing on impact materiality and financial materiality, the
Company ultimately determined material topics that align with its actual development conditions,
Government and Innovation Development System, Value Co-
providing a scientific basis for sustainability management and information disclosure.
Creation in Supply Chain, Investor Rights Reporting & Communication,
Regulatory Protection, Green Development, Social Supervision & Inspection, Research &
Agencies Contribution, Product Quality Improvement, Symposium, Training Step 2: Conduct
Step 1: Follow standard Step 3: Finalize the
Corporate Governance Enhancement, preliminary screening of
Business Ethics Compliance, Resource specifications to determination of issues
issues in consideration of
Utilization systematically identify based on the principle of
internal and external
issues double materiality
environments
Innovation Development System, Corporate Public Performance Briefings,
Shareholders/ Governance Enhancement, Business Ethics Regular & Ad Hoc Announcements,
Investors Compliance, Smart Manufacturing Enablement,
Investor Rights Protection, Social Contribution General Shareholders' Meeting The Company strictly Based on the macro In light of its business
follows the Guidelines No. background of sustainable model, core value chain,
Product Quality Improvement, Value Co-
Product Demand Research, Customer Exchange for Self- strategic development connection with the
Customers Creation in Supply Chain, Smart Visits & Return Visits, Product
Regulation of. Listed direction, the Company environment and society,
Maintenance & Service, Customer
Manufacturing Enablement, Business Ethics Satisfaction Survey Companies - Sustainability comprehensively considers the Company conducts a
Compliance, Innovation Development System Report (Trial) and the GRI the impacts of its operating structured and systematic
Standards. In combination activities on the assessment from two
Product Quality Improvement, Value Co- Public Procurement, Supplier Conference,
Suppliers Creation in Supply Chain, Business Ethics
with its own operational environment, society, and dimensions—impact
Supplier Qualification & Evaluation
Compliance realities and key priorities, stakeholders, while materiality and financial
the Company systematically benchmarking best materiality—scientifically
conducts the identification practices across the evaluating the relevance
Employee Rights Protection, Employee Performance & Work Communication,
Health & Safety, Corporate Governance Employee Assembly, Employee
and review of sustainability- upstream and downstream and significance of each
Employees Enhancement, Employment & related topics. of the industrial chain and topic, and ultimately
Grievance Mechanism, Employee
Remuneration, Business Ethics Compliance Satisfaction Survey within the industry, thereby determining material topics
forming a preliminary list that align with its current
of material topics. stage of development,
Research & Interviews, Corporate thereby providing solid
Social Contribution, Resource Utilization,
Society Green Development, Employee Rights Disclosure, Industry Events & Forums, support for sustainability
Protection, Corporate Governance Recruitment Activities management and
Enhancement, Innovation Development
information disclosure.
System 10
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Impact Materiality Analysis
Double Materiality Analysis
In terms of financial materiality assessment, the Company conducts systematic assessment from two
aspects—the likelihood of financial impact occurrence and the degree of impact—across three time
Financial Materiality Analysis horizons: short-term (1–3 years), medium-term (3–5 years), and long-term (over 5 years). Through
targeted communication with key stakeholders, including members of the Board of Directors, the Chief
In terms of impact materiality assessment, the Company conducts evaluation based on two core
Executive Officer, and heads of the financial team, the Company ultimately forms financial materiality
dimensions: likelihood and severity of impact. Among them, “likelihood” is analyzed through both
issue assessment results that align with its actual business operations.
quantitative and qualitative approaches from three perspectives: scale of impact, scope of impact, and
irremediability. During the assessment process, the Company places strong focus on the concerns of
various interested parties, including customers, suppliers, government, and employees. Opinions are Double Materiality Issues Impact Materiality Issues Non-material Issues
collected through questionnaires and other methods. Combined with the results of assessment and
analysis, comprehensive judgment is conducted to ultimately form the conclusion on the impact
materiality evaluation of the issues. Innovation Development Data Security Environmental
Compliance Management
Intelligent Manufacturing Employment & Remuneration
Innovation Energy Management
Development Product Quality Employee Development
Data Security Water Resource
Employment & Intelligent Supply Chain Management Protection of Employee Rights
Tech Ethics Manufacturing
Management
Remuneration
Protection of Employee Rights and Interests Intellectual Property and Interests
Corporate Governance Waste Management
Employee Development Protection
Impact Materiality
Product Quality Occupational Health and Safety
Occupational Health Information Disclosure Social Contribution
and Safety Supply Chain
Investor Rights Protection Corporate Governance
Management Green Operations
Equal Treatment of
Anti-Unfair Competition Intellectual Property Investor Rights Protection
Protection Anti-Commercial Bribery and SMEs
Anti-Commercial Bribery
Anti-Corruption
Climate Change and Anti-Corruption
Green Operations Public Welfare and
Response Charity
Social Contribution
Environmental Compliance Management Information Disclosure
Energy Management
Public Welfare Equal Treatment of SMEs Tech Ethics
and Charity Water Resource Management
Waste Management Climate Change Response
Anti-Unfair Competition
The Company focuses on machine vision and optical communications, with operations located in developed
industrial parks. Its activities do not involve ecological protection redlines, nature reserves or habitats, having
Financial Materiality minimal direct impact on ecosystems and biodiversity. This is deemed non-material and not disclosed in
detail.
Environment Society Governance 11
Innovation-Driven
Development
The Company has established a “Vision + AI”
innovation system, improved a three-tier R&D
architecture and the IPD process, and deeply
engaged in intelligent manufacturing to
launch multiple innovative products with
outstanding ESG value. Meanwhile, the
Company strengthens quality management
and supply chain risk control, promotes green
upgrading across the entire value chain, and
drives high-quality development through
innovation.
Special Topic: Vision + AI Leading a New
Landscape
Innovation-driven Development System
Enabling Intelligent Manufacturing
Product Quality Enhancement
Co-creating Value Supply Chain
Topic AI Empowering Intelligent Manufacturing
Further Upgrade of Core Algorithms
Investment in R&D related to the machine
vision software platform and AI algorithm An optimal visual algorithm solution
software has been the highest and has grown balancing efficiency, accuracy, and
fastest. Technological innovation,
robustness for industrial scenarios
particularly the advancement of AI
technology, is providing new growth
momentum for the industry. 170+ patents
10 modules of industrial application
In 2025, the Company upgraded its algorithms
underlying AI capabilities, enabling Nearly 200 algorithm tools
intelligent upgrades of core tools, further 10,000 sets of vision systems deployed per
addressing the “deep-water” challenges of year
industrial quality inspection and helping 1,000+ large-scale projects annually
customers advance intelligent
manufacturing.
Topic AI-Driven Precision Assembly
In the 3C electronics sector, Luster LightTech has long been dedicated to advancing vision-enabled
process innovation. We provide customers with fully proprietary vision systems covering critical
processes including precision mounting, measurement, inspection, and laser processing—driving
production lines toward automation, intelligence, and unmanned operation. Our solutions have been
deeply embedded across consumer electronics manufacturing nationwide.
Launched in 2025, the VisionAssembly Pro intelligent assembly vision system was refined and matured
against the demanding requirements of high-precision, fast-paced consumer electronics production lines.
Leveraging AI algorithms and wizard-style interaction, the system distills complex vision engineering
into standardized operations that line technicians can rapidly master. It supports multi-camera
coordination to enable a closed-loop workflow spanning guidance, mounting, and re-inspection, while
delivering sub-millimeter precision across diverse motion-control platforms—significantly enhancing
assembly consistency and yield rates.
Equipped with lightweight AI and an intelligent imaging system, it autonomously adapts to challenging
conditions such as reflective surfaces and scratches, ensuring stable and reliable positioning and code
reading. Our proprietary nine-step precision diagnostic methodology rapidly identifies issues across the
entire process chain, minimizes downtime, and safeguards long-term production stability.
Building on mature technical capabilities and deep domain know-how accumulated in the consumer
electronics sector, the system has been successfully redeployed across precision assembly scenarios in
lithium battery, automotive, and semiconductor industries—effectively reducing customers' overall
manufacturing costs.
Topic
The Smart Printing Era: Machines in Sync
The aspiration for a better life is the fundamental force driving At China Print 2025, Luster LightTech showcased full-process printing
industrial production toward intelligent manufacturing. quality inspection solutions for smart factories, folding cartons, and roll-
Demands for high-precision processing, personalized to-roll applications. On the opening day, CCTV News Channel
production, and zero-defect products have exceeded what spotlighted the digital transformation of the printing industry, reporting
manual operations can deliver, establishing machine vision and on Luster LightTech's use of "AI + Optics" technology to propel the
artificial intelligence as the core enablers of next-generation industry's smart manufacturing evolution from "manual error spotting"
smart manufacturing. to "AI-powered instant detection."
In the printing industry, Luster LightTech provides integrated Taking the inspection of pharmaceutical cartons by Luster LightTech's
solutions spanning automated in-process inspection, final pre- VP8 AI vision inspection system as an example: by integrating large-
shipment quality inspection, and intelligent big-data quality model deep learning with 8K industrial camera optics, the system detects
information management, enabling comprehensive printing packaging defects on production lines operating at 13.3 meters per
defect detection. To date, thousands of our printing quality second during the inkjet printing process, with comparative analysis
inspection systems have been deployed at customer sites and identifying flaws in just 8 milliseconds. Its predictive monitoring and
successfully introduced into international markets, substantially early-error-warning capabilities prevent waste from repeated printing,
advancing quality and process standards across the printing vividly demonstrating the strength of China intelligent manufacturing.
industry.
Topic
AI-Powered Intelligent Vision: Pioneering the
Next Frontier of Advanced Display
In the advanced display sector, Luster LightTech concentrates on intelligent vision inspection and end-to-end quality management, powered by the
dual engines of high-precision optical inspection equipment and AI large models. This combination empowers the scaled mass production of frontier
technologies including Micro OLED and flexible displays.
The SuperTrain-XMX Micro, a self-developed intelligent vision inspection system purpose-built for Micro OLED, integrates a proprietary 150-
megapixel ultra-high-resolution imaging module with an embedded chromaticity detection system. It supports precision inspection of 4K panels at
up to 5,000 PPI, achieves 100% defect traceability, and delivers a 30% boost in inspection speed alongside a 50% improvement in re-verification
efficiency.
The BrittleMaster-DXN fully flexible module appearance inspection system features an all-flexible architecture compatible with complex geometries
from 2D to 3D dual-curve, quad-curve, and irregular apertures. It compresses new-model commissioning cycles from 3 days to 4 hours, covers 100+
defect categories, and significantly reduces both false-negative and false-positive rates.
Moreover, leveraging the LusterLVM-2B vision foundation model, Luster LightTech has developed an industrial-scale AI model for module
appearance inspection. Moving beyond the constraints of conventional rule-based algorithms, it enables precise ten-tier defect grading. By
harnessing AIGC to synthesize defect samples, the model supports rapid adaptation across product models, production lines, and manufacturing02
sites, materially shortening new-line ramp-up periods and laying a robust foundation for intelligent quality manufacturing in the advanced display
industry.
Topic
Enhancing Manufacturing Quality to
Support Green Development
As the complexity of new energy manufacturing continues to increase, the requirements for intelligent inspection today are
no longer limited to “detecting defects”; it is also necessary to answer further questions—from “what the defect is” to “why
it occurs.” The Company integrates three types of information into a unified data framework: visual images
(defects/morphology), process parameters (temperature, line speed, pressure, etc.), and battery physical properties (density,
interface contact), enabling AI to truly understand the manufacturing process across modalities.
Taking lithium battery separator inspection as an example, defects can be subdivided into 27/32 categories and
automatically mapped to process issues, enabling a single production line to save 2.5 labor positions, improve overall yield
by 0.3%, and achieve an overall investment payback period of approximately one year.
The LUSTER GMQM+ LUSTERLVM large-model Solution has been deployed at scale among leading customers in lithium
battery and photovoltaic industries, helping customers effectively manage inspection data and improve missed-detection
indicators, while integrating green and sustainable development throughout the entire lifecycle of products and services.
This Solution effectively reduces material waste during manufacturing, lowers repeated processing and rework caused by
raw material issues, defective manufacturing modules, and manufacturing process problems, thereby reducing greenhouse
gas emissions and enhancing sustainability in manufacturing processes.
Topic
Enabling Intelligent Manufacturing in the
Automotive Sector
As automotive body structures become increasingly complex and glue path designs
more refined, the shortcomings of traditional manual inspection—low efficiency and
poor stability—have become increasingly evident, giving rise to the demand for LUSTER’s Solution Traditional Solution
high-precision and intelligent glue dispensing quality management.
Adhesive width measurement ±0.1 mm ±0.5 mm or more
LUSTER has launched a 2D inline high-precision automotive glue dispensing
Position deviation ±0.1 mm (Manual visual inspection)
inspection solution that enables automated inline inspection and process control
throughout the entire dispensing process. Integrating multi-scenario imaging, 800 mm/s inspection during application Manual spot checks, taking 10–30 minutes
AI-based glue inspection, reflow glue replenishment, and rapid modeling tools, the AI adhesive inspection, a detection rate of Reliance on experience, a missed detection
solution accurately detects glue presence or absence, glue width, position, and 99.8%
rate >10%
Reduces labor costs by 60%, lowers rework
continuity, achieving high-contrast imaging and real-time efficient inspection while rate by 80% High labor costs and quality risks
comprehensively improving the stability and yield of the dispensing process.
Automotive Automotive
Battery pack modules
welding components
Topic "Dreamscape" at CCTV Spring Festival Gala:
A Groundbreaking Debut
The 2026 CCTV Spring Festival Gala program "Dreamscape" (《梦底》) achieved an industry-first: the large-scale live
broadcast of 4D Gaussian Splatting (4DGS) light field volumetric video. During the performance, actors shared the stage and
interacted seamlessly across spatiotemporal boundaries with five sub-millimeter-precision digital avatars. Powered by 360°
multi-view light field capture and modeling, the production faithfully reproduced body dynamics, hair texture, and micro-
expressions, enabling flawless co-presence of real performers and their digital counterparts.
The technological backbone of this landmark delivery was the deep integration of Luster LightTech ·Yuanke Vision's LuStage
Volumetric Light Field Capture System with 4D Gaussian Splatting (4DGS). The solution realized 1:1 hyper-realistic motion
capture, light field reconstruction, and 4K real-time rendering for performers—establishing a full-process, low-latency, high-
reliability volumetric video pipeline. This marked the world's first 4K UHD 4D light field reconstruction live broadcast, filling a
critical technological void in the industry for large-scale real-time light field volumetric video production.
Topic FZMotion Motion Capture Enables Robot
to “Walk” Toward Real-World Applications
The Company’s FZMotion motion capture system is
applied in two stages—robot motion capture and factory
acceptance testing. By 2025, it had been implemented in
multiple robot enterprises and application bases, representing
a typical practice of technology driving industry development.
The Hangzhou Humanoid Robot Pilot Test Base and
Application Promotion Center is one of the projects
implemented this year. In this project, LUSTER provides
critical infrastructure support for embodied intelligence data
acquisition as well as testing and evaluation. It not only
supports data acquisition for both the robot “brain” and
“cerebellum,” but also undertakes core functions for robot
testing and performance evaluation.
At the Hangzhou Humanoid Robot Pilot Test Base, the
Company has established a multi-station synchronous
acquisition and management platform with an annual capacity
exceeding 4 million data entries, supporting efficient training
for multiple robot models.
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models and other cutting-edge technologies with diverse application scenarios such as intelligent manufacturing and embodied
Innovation Development System intelligence, creating a series of exemplary collaborative benchmarks.
Meanwhile, the Company has established strategic partnerships with leading customers across multiple industries to jointly
tackle next-generation leading technologies and product solutions. In terms of industrial ecosystem development, the
Company, together with partners such as Foxconn, co-established the Zhongyuan Intelligent Manufacturing Research Institute to
jointly address key challenges in industrial automation; it also jointly established Shenzhen Zhixian Robot Technology Co., Ltd.
R&D Innovation Architecture with Unilumin and Zhipu AI to build an innovation ecosystem for AI intelligent terminals integrating “intelligence, interactivity,
and scenario adaptability,” accelerating the implementation of “display embodiment” applications of intelligent agents in scenarios
The industry in which LUSTER operates is characterized by strong technological innovation; therefore, establishing an R&D such as education, conferences, and cultural tourism.
organizational system driven by customer needs and innovation is of critical importance. To balance the application needs of
current product lines with next-generation requirements across different industries, while integrating and balancing both short- and
long-term development objectives, the Company has established a three-tier R&D architecture comprising application product
Stimulating Innovation Momentum
development, underlying technology development, and next-generation new business pre-research. To strengthen the driving force of R&D innovation, the Company has established a three-dimensional R&D incentive system
•Application Product Development Focus on customer pain points that can be implemented within one year, conduct agile characterized by “real-time feedback, tiered incentives, and strategic focus”. This system is guided by the core orientations
iterations by product line, and achieve rapid monetization; of platform-based technological innovation, leading product competitiveness, and commercialization of R&D
•Underlying Technology Development Led by the Research Institute to accumulate reusable optics, AI algorithms, and achievements, and through timely incentives across monthly, quarterly, and semi-annual cycles, it closely links individual
automation platforms, supporting core underlying competitiveness; contributions, team breakthroughs, and organizational capability development. Special incentives are established around the
•New Business Pre-research Establish frontier innovation laboratories, jointly collaborating with universities, supply chain accumulation of core technological assets such as unified R&D environments, edge-side R&D platforms, and CBB module
partners, and major customers under a 3–5 year roadmap. Annual dynamic elimination is conducted through technical Charter sharing, as well as commercialization breakthroughs including the reliability design of flagship products and productized revenue.
reviews to ensure that resources are concentrated on high-potential tracks. Meanwhile, a negative constraint mechanism for the decisive elimination of “problematic products” has been established to direct
resources toward strategic products, achieving an upgrade from “single-point technological breakthroughs” to “systematic
innovation ability.”
Product-level Development Underlying Technology In the design of the incentive mechanism, two distinctive features are emphasized: “knowledge accumulation” and “cross-
Development departmental collaboration”. With product development teams serving as the core incentive unit, departmental barriers are
Product Iterative Development Next-generation Product removed. Through a project management mechanism featuring tiered incentives, a combination of positive and negative
Within One Year Development Within 3–5 Years
Advanced Systems incentives, and the implementation of the “four calculations” (estimate, budget, accounting, and final accounting), a complete
Optics Engineering closed-loop of “technological breakthroughs—achievement transformation—process solidification—capability reuse” is
Consumer Embodied formed, continuously enhancing organizational capability maturity and R&D efficiency.
New Energy Printing
Electronics Intelligence
In 2025, timely incentives on the R&D side exceeded RMB 1 million.
Intelligent Soft
New-type Cultural Computing Agile Control
Display Automotive Semiconductors
Metaverse Dimension Core Orientation
Technological ① Improvement of R&D efficiency; ② Shortening of development cycles; ③
The Company has simultaneously released the IPD Development Process, Charter Development Management Measures,
and Technical Review Operation Process, covering the entire product lifecycle: IPD embeds TR1–5 reviews, plans, and
Platformization Product modularization and product library development
responsible persons into the system, with automatic authority locking if a milestone is not passed, ensuring development quality; Product
Charter quantifies customer pain points into implementable, step-by-step business plans, with a one-vote veto in reviews to Competitiveness Leading Reliability Design
prevent blind project initiation; the three R&D lines share the same templates and indicators, and the monthly LPMT meeting
publicly discloses milestones, resources, and patent red-yellow indicators, with immediate adjustments upon a red signal, Commercial
ensuring that standards are effectively implemented, market orientation is maintained, and investments are rapidly Application Validation of technological value through a revenue closed loop
monetized.
Collaborative R&D Agile Decision-
Strategic focus and optimized allocation of resources
Making
To strengthen the deep integration of market demand, frontier technologies, and product applications, the Company
actively builds a collaborative innovation system integrating industry, academia, and research. As a leading organization Organizational
and core participant, the Company conducts in-depth cooperation with top academic institutions and enterprises such as Tsinghua Capability
Experience extraction and process standardization 21
University and Zhipu AI, integrating frontier optics and natural language large
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On-the-Job Training for Key R&D Positions
To further enhance the core competence of R&D in key positions, the Company organized PM (Project Management)
specialized capability enhancement training and SR (Solution) professional capability training in 2025, establishing professional
Confirm readiness for Initiate product mass Optimize product
PM and SR teams.
product mass production production, marketing, and operational performance
and market launch through sales, achieving the transition and manage the entire
final testing and customer from development to process of product phase-
verification maintenance out
Empowering Intelligent Manufacturing
R&D ESG Strategy
LUSTER adheres to the development principle of technology for good and industrial empowerment, using optical technology
innovation as the underlying support to build a development framework centered on “Vision + AI.” It establishes core
competitiveness around technological autonomy, deep scenario adaptation, and sustainable operations, focuses on the core needs
of intelligent manufacturing and the digital economy, and integrates ESG principles into the entire business process to
support green industrial upgrading, efficient social development, and enhanced governance capability.
Industrial Sector: Deepening Intelligent Manufacturing to Promote Industry Cost Reduction and Carbon Reduction
R&D Process
The Company adopts the IPD (Integrated Product Development) process, with the core objective of achieving high-quality and The machine vision business applied in the industrial sector takes “quality improvement, efficiency
high-efficiency product development and smooth commercialization of outcomes, and integrates management priorities enhancement, and consumption reduction” as its core objectives,covering the full product chain of
throughout all stages including concept, planning, development, verification, release, and the entire life cycle stage. Through “devices–systems–equipment–intelligent factories” and deeply integrating “visual perception + AI
cross-functional team collaboration, multi-node technical reviews and decision reviews, the Company coordinates requirements decision-making” capabilities, focusing on green and low-carbon development and efficient
management, cost control, quality assurance, and intellectual property planning, while linking market, manufacturing, and collaboration. Focusing on industrial sectors such as consumer electronics, new displays, new energy,
customer service functions to achieve closed-loop management across the entire process. This ensures product competitiveness printing packaging, automotive, and semiconductors, the Company provides leading customers across
and the achievement of business objectives, while also establishing a solid R&D governance foundation for sustainable industries with precision inspection and production optimization services. By replacing manual
development through standardized processes and collaborative mechanisms. operations with automated inspection, it improves production efficiency and product yield while
reducing labor input and resource waste.
Company has strengthened its layout of high-end vision devices and built configurable vision systems,
intelligent vision equipment, and intelligent factory solutions, helping enterprises realize intelligent
upgrades of production processes.
Complete product design Complete detailed product Leveraging the self-developed VisionWARE algorithm platform and the industrial general visual
Assess market opportunities
planning and formulate design, development, and foundation model F.Brain, the Company has broken through bottlenecks in industrial inspection
and technological feasibility,
detailed development plans verification, and realize technologies, promoted independent and controllable core technologies, reinforced the bottom line of
and define the concept and
initial plan
and resource allocation prototype development and industrial security and technology compliance, and fulfilled technological responsibility at the ESG 22
schemes low rate initial production governance level.
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Yuanke Vision: Advancing Frontier Intelligence and Enriching Digital Service Scenarios Typical New Products in 2025
Establishing a three-tier product architecture of “back-end elements – mid-end solutions – front-end
applications,” and leveraging core technologies such as high-precision optical motion capture and VisionWARE
light-field modeling to develop products and solutions including XR virtual-real integration and Core Algorithm Platform
digital humans, which are applied in scenarios such as cultural communication and e-commerce
Product Introduction: Focused on AI-driven intelligent upgrading, the core tools have achieved the integration of
services, enriching digital service formats and supporting the innovative development of the cultural
“AI + rules,” with positioning, recognition, and inspection success rates exceeding 99.99%, solving inspection
industry. challenges across multiple industries.
With computational imaging and artificial intelligence technologies at the core, supporting the Social Value: Lowers the transformation threshold for industrial manufacturing enterprises and promotes the
development of frontier fields such as virtual reality, immersive media, and embodied intelligence, upgrading of the industrial chain.
and building the future intelligent ecosystem, while adhering to the bottom line of technology ESG Value: Breaks through “bottleneck” constraints in industrial software, reduces supply chain security risks,
compliance and ethics, promoting the responsible application of frontier technologies, and fulfilling and safeguards industrial data security.
the social responsibility of technological innovation.
Optical Communications: Focusing on the Core Needs of AI Computing Power Infrastructure to
Support the Efficient, Low-Carbon, and Secure Development of Digital Infrastructure JAI Sweep16K
Line Scan Camera
Introducing high-end optical fiber devices and instruments from internationally leading enterprises, Product Introduction: 16K resolution (3 × 16384 pixels, RGB lines), 100 kHz scanning rate, and 5 μm sensitivity
focusing on the high-end market with high barriers to entry and strong service demands, conducting Social Value: Provides core inspection components for new energy industries such as power batteries, supporting
agency business in compliance, serving optical communication industry–academia–research the development of the clean energy industry and the transformation of the energy structure.
institutions and leading industry customers, avoiding homogeneous competition in the mid-to-low-end ESG Value: High-sensitivity imaging reduces repeated inspection frequency, and a low-power design lowers
market, and building a compliant and efficient business model. equipment energy consumption.
Focusing on the core requirements of AI computing power infrastructure—“high bandwidth, low
latency, and low power consumption”—and deploying next-generation optical communication
products such as OCS all-optical switches and fully automated photonic wire bonding, helping digital
infrastructure achieve energy conservation, reduced consumption, and efficient collaboration, and VisionPrint8
supporting the green and sustainable development of the digital economy. Intelligent Vision System
Product Introduction: Self-developed AI algorithms, high-speed inspection at 450 meters per minute, 0.08 mm
Social Value: Frees workers from high-intensity and highly repetitive manual visual inspection tasks, improves
occupational health conditions, and enhances labor dignity.
The Company continues to deepen its presence in the field of machine vision. In 2025, it intensively launched multiple ESG Value: Replaces traditional manual visual inspection, reduces printing waste and material loss, and lowers
innovative products serving various downstream sectors of industrial intelligent manufacturing, covering core scenarios such production energy consumption; high-speed inspection improves production capacity efficiency.
as consumer electronics, new energy, printing, and automotive industries. The new products released in 2025 demonstrate
three key characteristics: “high precision, intelligentization, and multi-scenario adaptability”: on the one hand,
breakthroughs have been achieved in key technologies such as sub-micron imaging, ultra-high-speed flying capture, and 3D Module Appearance
multispectral optics; on the other hand, AI algorithms are deeply integrated with independently controllable platforms, Testing Equipment
enabling a transition from traditional visual inspection to intelligent decision-making. This overall deployment reflects the
determination to continuously promote the digital transformation and upgrading of the manufacturing industry. Product Introduction: Compatible with 2D/2.5D/3D/four-curved full-form factors, imaging consistency >99%,
The Company’s new products replace manual operations through AI vision technology, improving manufacturing safety and defect detection rate increased to 99%
while enhancing production efficiency; resource waste is reduced through high-precision inspection, practicing green Social Value: Provides consumers with higher quality assurance and reduces product recalls and resource waste
caused by quality defects.
manufacturing; and governance and supply chain security is ensured through the development of autonomous and controllable
ESG Value: Unifies quality inspection standards across multiple scenarios, enabling quality data connectivity
platforms; ESG principles and social responsibility are integrated into the entire lifecycle of product research and across processes and factories, and enhancing transparency and traceability in manufacturing management.
development to help customers achieve both economic benefits and enhanced social value. 23
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R&D Investment in 2025
In 2025, the Company’s total R&D investment amounted to RMB 510.00 million,
accounting for 17.46% of revenue
Cumulative Patents 895 Newly Granted Patents 139
Cumulative Invention Patents 484 New Invention Patents 93 Yuanke Fangzhou Beijing Typical Case of High- Metaverse
User Trusted Product Award of the
Specialized, Refined, Differential Quality Industry Dataset Industry Leader of the
Year
and Innovative SME Year
Cumulative Utility Model Patents 379 New Utility Model Patents 44
Cumulative Design Patents 32 New Design Patents 2
R&D Investment
Yuanke Vision Beijing Typical Case of Artificial
R&D Personnel as % of Total 281 Specialized, Refined, Differential Intelligent Intelligence Empowering Industry
and Innovative SME Development XR Top 100 Enterprises
Application Benchmark
Headcount 36% Leadership Award
PhD Holders 1.46% 2021 2022 2023 2024 2025
Master’s Holders 41% Participation in the Compilation of Industry Standards
The company prioritizes R&D investment, with a 5-
Bachelor's degree and below 57% year CAGR of 16%, focusing on core technologies LUSTER applies the real parameters, algorithm
thresholds, and inspection processes generated from
and application development. industrial artificial intelligence and embodied
intelligence on production lines and training fields
to the formulation of industry standards. Key
elements—such as defect determination indicators
Newly Obtained Innovation Qualifications and Awards for industrial large models and interface fields for
In 2025, the Company continued to anchor its development on “Vision + AI”, deepening its presence in industrial manufacturing digital twins—are first validated at customer sites
sites while expanding into the embodied intelligence track. Products and services along both lines simultaneously gained strong before becoming general provisions. This approach
customer reputation and social recognition. During the reporting period, Suzhou LUSTER Industrial Intelligent Technology of transforming practical experience into
Co., Ltd. was recognized as a National High-Tech Enterprise and selected as a “2025 Innovative SME of Jiangsu benchmarks not only helps industry peers avoid
Province”; Yuanke Vision and Yuanke Fangzhou were both recognized as a “Beijing Specialized, Refined, Differential common pitfalls, but also converts the Company’s Refinement of Industrial Large Compiled based on practical
and Innovative SME”. The two major segments—intelligent manufacturing and embodied intelligence—received more than ten first-mover advantage into a long-term competitive Model Data, Multi-Industry experience in digital twins across
Applications, and Successful multiple scenarios including intelligent
awards, demonstrating the Company’s technological strength and growth potential. moat during its growth stage.
Practices products, intelligent manufacturing,
and intelligent operations
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Participation in Industry Forums
At the 2025 Solid-State Battery Intelligent Manufacturing and Industry Chain
Innovation Forum, LUSTER delivered a specialized report titled “Empowering Battery
Evolution: A Full-Process Quality Inspection System Based on Multimodal + AI,”
sharing the Company’s practices and explorations in the field of battery inspection.
LUSTER was invited to participate in the “Optical Network Forum for Intelligent
Computing Centers,” where it delivered a Keynote Speech titled “Exploration of
Optical Interconnection for Scale-Up Networks in Intelligent Computing Centers.” The
presentation discussed forward-looking solutions for constructing optical VisionChina LASER World of Photonics China 2025
interconnection in intelligent computing centers through the synergy of Optical I/O
(Optical Input/Output) and Optical Circuit Switch (OCS) under the continuing
expansion of AI large models, supporting interconnection of large-scale GPU clusters.
Yuanke Vision, a wholly owned subsidiary of LUSTER, was invited to attend the 2025
Second Zhongguancun Embodied Intelligence Robot Application Conference and
delivered a Keynote Speech titled “Embodied Intelligence Solution Based on Motion
Capture” at the forum, showcasing a series of new breakthroughs of Yuanke Vision’s
high-precision motion capture technology in the field of embodied intelligence.
The 17th China International Battery Fair CHINAPLAS 2025
Intellectual Property Protection
The Company has formulated various institutional policies, including the Patent Management Measures of LUSTER LightTech Co., Ltd., the Trade Secret and Sharing Management Measures of LUSTER LightTech Group, the LUSTER Trademark Management
Measures, the LUSTER Computer Software Copyright Management Measures, and the Code of Legal Red Lines for Intellectual Property Rights. The Company has established a systematic intellectual property management system and has deeply
integrated patent management into its corporate sustainable development strategy. A four-in-one organizational structure has been established, consisting of centralized management by the Legal Department, primary responsibility of the R&D departments,
and coordinated support from human resource and finance, covering the full lifecycle management of patents—from annual indicator rules, technology mining and patent identification, three-level application, to rights maintenance and operational
transformation—forming a standardized closed-loop process.
In terms of risk prevention and control, the Company has put in place a three-tier defense mechanism of “patent holder early warning + technical theme early warning + black-box component early warning”, advancing patent search and infringement
risk assessment to the stage prior to product development freeze, and realizing the transfer of intellectual property risk within the supply chain through contractual clauses to ensure that technological innovation is lawful and compliant. Meanwhile, the Company
has established a service invention ownership management system and a graded training empowerment system to strengthen employees’ awareness of intellectual property, enhance patent quality to drive core competitiveness, and support ts long-term value
creation and fulfillment of social responsibility.
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Product Quality Improvement Control of Nonconforming Products
The Company has consistently adhered to the principle of “developing the enterprise through quality,” positioning quality
as a strategic and operational priority. Multi-layer quality prevention and control measures have been established. When
Quality Management System raw materials/components first arrive at the Company, in accordance with the "Product Inspection Control Procedure,"
product quality is controlled through three major stages: incoming inspection, in-process inspection, and finished
Adhering to the quality policy of “Scientific Measurement, Benchmark Optimization; Seeking Truth from Facts, Continuous product inspection, preventing uninspected nonconforming products from entering the stages of use, processing, and
Improvement; Leadership by Example, Total Staff Responsibility; Creating and Realizing Customers’ Dreams!”, the Company delivery.
strictly follows quality management specifications such as the "Product Inspection Control Procedure," "Supplier Management
Control Procedure," "Nonconforming Product Control Procedure," "Delivery and After-Sales Service Control Procedure," and Incoming Inspection In-process Inspection Finished Products Inspection
"Continuous Improvement Control Procedure." A full-chain quality management system covering R&D, supply chain, Incoming Inspection: cover procured and During the production and processing For the inspection of products in
production, and sales services has been put in place. outsourced items, based on contracts, process, inspections, measurements, or delivery/factory-release status, the
The Company has set up a quality management structure with full participation from management to frontline employees, in which drawings, and acceptance criteria, verify verifications are conducted in accordance Company requires inspectors to follow
the President, the Executive Management Committee, the Quality Management Department, and heads of all departments are quantity, appearance, and quality with inspection procedures, relevant the finished products inspection
participants. On the one hand, the President, the Executive Management Committee, and the Quality Management Department jointly certificates; functional materials require inspection standards, and other standards. Products that pass inspection
formulate the annual quality KPI; on the other hand, heads of all departments further break these down into quantifiable departmental testing, and after passing inspection they requirements. According to the are warehoused by the warehouse.
are entered into SAP for warehousing inspection type, inspections are carried
indicators based on the actual conditions of their product lines. Frontline employees may provide suggestions through an employee
out through batch inspection, 100%
feedback channel and propose targeted improvement recommendations, further enhancing the effectiveness of the closed-loop inspection, sampling inspection, and
implementation of quality improvement. other methods.
In 2025, based on reviews of past quality issues, the Company clarified effective quality measures:
• First, the electronic Quality Management System was launched, For nonconforming products identified during incoming materials, production, and finished products/semi-finished
covering digitization of quality data across all stages including the R&D products inspection, a strict risk control defense line is established in accordance with the “Control Procedure for
process, supplier incoming material inspection and storage, production Nonconforming Products”: cases are reviewed according to severity classification to determine rework, repair,
and manufacturing, and finished product delivery, thereby advancing the concession, or scrap, and the written conclusion is communicated within 1 working day to the execution, warehousing,
scientific measurement of quality and ensuring the traceability of quality procurement departments to ensure timely isolation, identification, and disposal. The Quality Inspection Department
issues; compiles nonconformities data monthly, applies statistical tools to analyze trends and trace root causes, and formulates and
• In addition, the customer issue resolution process was optimized and verifies corrective and preventive measures; the results serve as the basis for evaluating product quality and quality
simplified to enhance the capability for rapid on-site customer response management system performance and are reported as special topics at quality meetings. Repeated and major issues are
and improve problem-solving efficiency, and by comparing deviations escalated for supervisory follow-up, forming a PDCA closed loop, continuously optimizing processes and standards and
between processes and execution, further correct execution practices that reducing internal and external quality losses.
deviate from the process to ensure consistent implementation of the
process;
• Finally, the Company further traced the root causes of issues occurring at After-sales Service and Recall
customer sites to fundamentally resolve the issues from the R&D end
To standardize all business processes related to the Company’s after-sales services and clarify the work content,
the supply chain end, and supplemented and established a series of
coordination, and responsible persons at each after-sales stage, the Company has formulated the “Delivery and After-
standardized systems and processes for R&D design, product lifecycle
sales Service Control Procedure”, which standardizes responsibilities for delivery, installation, training, on-site and
management and product development, thereby resolving quality issues
off-site maintenance, and remote guidance. Documentation and spare parts are prepared and delivered in place at the
at their root and achieving a closed-loop solution.
time of delivery; installation, training, repair requests, on-site and off-site services, and remote services are fully recorded.
During the reporting period, LUSTER LightTech, LUSTER Industrial Intelligence, LUSTER Communications, LUSTER Vision, and Engineers arrive on site according to the agreed schedule to troubleshoot issues, and missing parts are dispatched
Yuanke Fangzhou, among other entities of the Company, passed the ISO9001:2015 Quality Management System certification immediately when required. Customer service compiles service records monthly, implements immediate rectification and
audit, continuously advancing the standardization of the quality management system. verification, and ensures timely and standardized services. In 2025, the Company’s product yield rate exceeded 99%,
and the product recall rate has remained 0 for three consecutive years.
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Handling of Customer Complaints Customer Satisfaction
In response to customer complaints, the Company standardizes the responsiveness of each level of issues through
Through customer satisfaction surveys, the Company determines whether it has correctly understood and met customers’
established systems and processes to ensure rapid response and resolution. Customer complaints are classified into three
current and future needs and expectations, and continuously improves the quality management system based on the survey
levels: fatal, serious, and general. Our policy stipulates that “contact must be made within 1 hour, and both temporary
results to enhance customer satisfaction.
and long-term solutions must be provided within 48 hours”. Responsible persons and escalation paths are clearly
defined; all incidents generate work orders, and closure requires acceptance and signature, with traceable records Customer Satisfaction Collection
maintained at each stage. Issues unresolved for more than four days are automatically escalated to the General Manager Customer Satisfaction Information
of the Business Unit or the Customer Service Director. The Quality Department conducts special supervisory follow-ups Methods
and extracts common defects monthly. The platform simultaneously tracks the closure rate, and CQE conducts follow-up
visits for each case, forming a closed-loop improvement mechanism. During the 2025 reporting period, the Company’s Customer Needs and Expectations Customer Complaints and Feedback
customer complaint resolution rate was 100%. Proactively communicate with customers
Customer Feedback on Product Quality,
through visits, seminars, questionnaires, and
Delivery, and Services and Other Aspects other methods
Customer Complaints
Customer Complaint Information Conduct regular market research to collect
Market Developments of the Industry relevant information from the market,
Graded
Fatal, severe, and general issues correspond to clearly defined first and second primary responsible government, industry, media, and other sources
Responsibility
persons under the ITR management system; all levels require “contacting the customer within 1 hour
Assignment
after receipt” to ensure timely reassurance and capture of details.
Formulate
Satisfaction
Implement Survey Plan Provide
Countermeasure For fatal and severe product technical issues, the CQE must provide temporary measures within 24 hours Improvement
Customer and
s Issued Within and deliver an “on-site temporary solution + long-term countermeasure direction” within 48 hours, with Measures in
Contact List
Satisfaction Deliver
Improvement Satisfaction
Plan Survey Plan
Document Closed- From ITR event creation, product technical issue handling tickets to customer requirement handling
Loop tickets, the entire process is traceable; closure is permitted only after acceptance signature to prevent
unresolved issues. Produce Survey Report
Clear Milestones
after Compilation and Review Survey
Analysis Solution
Follow-up Launch
Collection Satisfaction
Multi-Dimensional Fatal and severe issues unresolved for more than four days are automatically escalated to the General Questionnaire Survey
Escalation Manager of the Business Unit or the Customer Service Director; the Quality Department advances them
Dedicated Oversight through Special Topics and conducts regular audits until closed-loop completion.
Main Indicators Unit Achieved Data
Follow-up +
The CQE conducts a satisfaction follow-up after event closure; the platform automatically calculates the
Indicators
“customer closure rate,” and common defects are reviewed monthly to drive source-level optimization of
Continuous Customer Satisfaction in
improvement
products and processes. % 91%
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Procurement Risk Assessment
Co-creating a Value Supply Chain Organization of Contingency
Initiate Risk Risk
Procurement Risk Plan
Supply Chain Risk Management Identification
Identification
Assessment
Formulation
Launch Nodes: IPD project Identifying Organizations: joint
In 2025, the Company, guided by ESG principles and aiming at “green and low-carbon development, safety and controllability, compliance stages, annual/semi-annual nodes, participation of quality
From the three dimensions of Targeted: formulate measures for
and efficiency, and resilient collaboration,” promoted ISC process optimization and established a “3+4” procurement management major purchases, and significant
representatives, technical
representatives, testing
“probability of occurrence, specific risk points
Executability: clarify specific operation
degree of impact,
framework, advancing the supply chain from “efficient execution” toward “sustainable empowerment.” matters representatives, planning
controllability,” the identified steps, responsible personnel, and
Main Risk Control Points: representatives, etc. completion timelines
Core value processes focus on end-to-end efficiency and green control: SRM (supplier relationship management) integrates green screening and international relations, exclusive Identification Objective: supplement
risks are quantitatively
Multiple Plans: key risks require a
evaluated to determine the
cultivation; STC category management promotes cost reduction and consumption reduction; PTP procurement fulfillment optimizes the process and supply, delivery schedule control, and verify the risks initially identified primary contingency plan + backup
risk level and core impact
by procurement representatives to contingency plan
reduces waste. Enabling processes strengthen strategic guidance and compliance assurance: procurement strategy anchors the sustainable direction, quality risks and environmental ensure no omissions in risk
scope.
risks identification
cost management balances control and green investment, contract management embeds ESG responsibility clauses, and operations management
promotes digital transformation, forming a closed-loop system featuring strategic guidance, controllable risks, and green sustainability.
Risk control iteratively upgrades the “Procurement Risk Process”, embedding ESG risks throughout the entire project lifecycle, identifying Contingency
risks such as delivery quality, cost fluctuations, commercial fraud, and suppliers’ environmental compliance and labor rights, and formulating Plan Review Risk Handling
prevention and control plans; the “Procurement Information Management Process” has been issued to standardize data security and authority
management, thereby consolidating the governance foundation. Review by Procurement Risk
• Establish a “weekly tracking, monthly
Review Team review” mechanism to conduct special
Digital development continuously optimizes the SRM system, incorporating ESG indicators such as green compliance, integrity in operations,
reporting on the execution of high-risk
and labor rights into supplier access and evaluation; the renewal signing of the “Sunshine Procurement Agreement” and the “Supplier Review by BU Financial matters
Integrity Management Agreement” was completed, strengthening integrity governance; new agreements for human resource suppliers covering Committee • If new risks arise during execution or the
contingency plan cannot be implemented,
technical services, labor dispatch, and labor outsourcing were introduced to clarify compliant employment requirements. Through the improvement Group Jury
contingency plan optimization shall be
immediately initiated.
of digitization and compliance systems, risks are eliminated at the source, promoting the green and intelligent transformation of the supply chain,
driving upstream and downstream partners to jointly practice ESG principles, and achieving coordinated development.
Supplier Evaluation
Supplier Access
The Company has established a comprehensive, closed-loop supplier management and evaluation system aligned
LUSTER’s supplier admission management centers on the concept of sustainable development and an all-dimensional screening mechanism featuring with ESG sustainable development requirements, achieving standardized, green, and compliant management
“qualification compliance, controllable quality, environmental friendliness, integrity and transparency” has been established. and control of suppliers throughout their full lifecycle across four key stages: evaluation, audit,
improvement, and exit, continuously enhancing the ESG performance and sustainable operational capabilities of
the supply chain ecosystem. The Company adopts technology, quality, service, delivery schedule, and cost as core
Access Evaluation Agreement Control evaluation dimensions and establishes a regular graded assessment mechanism, integrating ESG fundamental
Qualification Requirements
requirements such as environmental compliance, integrity in operations, and responsible contract fulfillment into
A cross-department review team is evaluation indicators. Through quantitative scoring, suppliers are classified into four evaluation levels from A to D
Three core documents—“Integrity and Priority is given to enterprises
formed to conduct comprehensive to ensure objective and fair supplier performance evaluation. Meanwhile, a normalized audit mechanism is
Clean Conduct Agreement,” certified under the ISO9001 Quality
scoring across five dimensions— established to comprehensively monitor suppliers’ actual performance in production and operations,
“Environmental and Safety Management System and ISO14001
technology, quality, responsiveness, environmental practices, and labor compliance. For issues identified during evaluation and audits, the Company
Agreement,” and “Procurement Environmental Management
delivery, and cost. Based on industry has established a dedicated supplier improvement mechanism, conducting interviews and communication with
Confidentiality Agreement”— are System; special operation personnel
leadership and cooperation scale, suppliers rated C or below to clarify improvement directions and rectification timelines at both ESG and
signed to clarify compliance must hold valid certificates; forced
suppliers are classified into five operational levels, supervising the implementation of corrective actions and tracking verification of improvement
responsibilities including business labor and workplace discrimination
levels: S/A/B/C/D. Suppliers with outcomes to promote continuous enhancement of suppliers’ sustainable supply capabilities. The Company strictly
morality, information security, waste are prohibited; and suppliers must
outstanding ESG performance are implements a supplier exit mechanism, taking measures such as suspension of orders or termination of
management, and work safety. Major possess intellectual property
given priority for inclusion in the cooperation for suppliers that continuously fail assessments or have major ESG compliance issues with
negative issues are subject to a one- confidentiality capabilities.
strategic supplier system. ineffective rectification, thereby eliminating risk hazards at the source of the supply chain and safeguarding the
vote veto.
supply chain’s green, compliant, stable, and resilient operations. 28
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World! ESG Strategy and Management Development Ecosystem Win Culture Harmonious Homeland Together
Supplier Training A professional review team is established to conduct three-dimensional quantitative assessments of supplier-related risks,
formulate practical control plans for different security risk levels, and provide primary and backup dual solutions for core risks.
In 2025, the Company continuously carried out supply chain training, focusing on building sustainable competitiveness with the Through measures such as developing second- and third-tier suppliers, optimizing the supplier structure, and signing long-term
core objectives of “zero defects, zero waste, and zero risk.” The training required suppliers to establish a full lifecycle quality agreements, the Company mitigates security risks at the source, including single-source supply, delivery delays, and quality
traceability system, from controlled drawing access in the SRM system to 100% OQC inspection by fixed personnel prior to fluctuations.
shipment, ensuring that data are authentic and traceable and that processes are transparent and controllable; lean The execution of contingency plans is managed throughout the entire process through “weekly tracking and monthly review.”
manufacturing standards were implemented, increasing the yield target to above 98.5% through full inspection of key Based on changes in the market, policies, and supplier conditions, plans are optimized in a timely manner, cross-departmental
dimensions, regular equipment calibration, and process error-proofing design, thereby reducing resource waste and risk coordinators are designated to strengthen collaboration, and emergency response mechanisms are activated for force majeure
carbon emissions caused by rework and scrap at the source; the Company further strengthened business morality and events, thereby comprehensively preventing the transmission of supplier security risks and reinforcing the defense line for
compliance governance, strictly prohibiting unauthorized changes and falsification, and implementing full coverage of supply chain security.
integrity agreements together with a one-vote veto blacklist system; a two-way empowerment mechanism was established,
investment in supplier employee capability building was made through the “Quality Guardian Award,” incentivizing continuous Supplier Collaboration Innovation
improvement through preferential order allocation via the “Quality Benchmark Award.” Ultimately, these measures drove
suppliers to shift from passive compliance to proactive value creation, achieving coordinated optimization of quality, cost, In 2025, the Company successfully held its first Supplier Conference, establishing a
benchmark for supply chain collaboration through award selection and deepening
delivery, and sustainability. cooperation loyalty with core suppliers; taking this opportunity, it officially launched
the supplier collaborative project initiation initiative, positioning collaborative project
Key Indicators Unit Achieved Data initiation as an important measure for supply chain security management, and planning
ten collaborative directions across four dimensions: technological innovation, quality
improvement, efficiency enhancement and cost reduction, and overseas promotion
New Suppliers Added in 2025 / 480 delivery, with projects covering key supply chain security areas such as computing
power innovation, cost reduction and efficiency improvement, and localization;
Suppliers Audited / 48 through deep collaboration of technologies and resources across the upstream and
downstream of the supply chain, the Company strengthened the supply chain’s self-
Supplier Training Sessions / 21 reliance and controllability as well as its resilience and risk resistance, consolidating
the foundation of supply chain security from the perspective of innovation
Signing Rate of Supply Chain Integrity Agreement % 95 collaboration and supporting the sustainable development of the supply chain
ecosystem.
Supply Chain Security Management Investments and M&As Drive Self-Reliance and Controllability
To effectively maintain supply chain security and stability and consolidate the supply chain foundation for sustainable To ensure supply chain continuity and security, the Company has arranged core upstream links of machine vision through “in-
operations, the Company centers on ensuring autonomous and controllable supply chains, resilient risk resistance, and compliant house R&D + M&A + investment”: at the beginning of 2025, the Company officially completed the acquisition of the
sustainability. Through diverse measures including the formulation of supplier procurement strategies, coordinated advancement internationally renowned machine vision company JAI, supplementing its camera product line; in the chip field, we
of supply chain collaboration initiatives, and investment and mergers and acquisitions in key supply chain segments, the successively invested in Gpixel, Jue Xin Microelectronics, and AINSTEC, strengthening the self-reliance and controllability
Company has established a full-chain, multi-level supply chain security management system. From source control, collaborative of core components; in the lens field, the Company invested in CHIOPT to customize and develop high-precision industrial
empowerment, and core capability mastery, the Company strengthens support capacity for supply chain security across multiple lenses. Through investments and acquisitions in key links such as chips, lenses, and cameras, the Company has effectively
dimensions, promotes the deep integration of the supply chain ecosystem with ESG development, and comprehensively enhanced the self-reliance and controllability of its supply chain, strengthened supply chain resilience and security, and laid a
safeguards supply chain security. solid foundation for sustainable development.
Supplier Procurement Strategy Equal Treatment of SMEs
Focusing on the core objective of supplier security management, the Company has established a full-process, multi-level, and
dynamic security strategy within the procurement process to ensure the safety and stability of the supply chain. For suppliers in The Company has established a standardized and transparent supplier payment management system covering the entire
high-risk categories such as long lead-time materials, sole-source supply, and U.S.-related materials, the Company has process of reconciliation, review, and execution; in practical implementation, the Company actively reduces the occupation
established a multi-scenario triggered risk identification mechanism; centering on security dimensions including quality, of suppliers’ credit, effectively lowering the discounting costs for small and medium-sized enterprises; large-amount and off-
delivery, compliance, and integrity, procurement representatives take the lead and work with a cross-departmental review team to plan payments are strictly approved in accordance with authorization procedures, dynamically adjusted in line with fund
conduct comprehensive identification and quantitative grading, strictly controlling the proportion of high-risk suppliers. conditions and communicated with suppliers, maintaining the healthy cash flow of partners and achieving mutual benefit and
win-win outcomes. 29
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World! ESG Strategy and Management Development Ecosystem Win Culture Harmonious Homeland Together
Building a
Compliance
Ecosystem
The Company has established a sound
corporate governance structure and set up a
dedicated ESG Committee to optimize its
governance framework. It continuously
improves the remuneration, risk control, and
information disclosure systems, strictly adheres
to business ethics, strengthens anti-bribery and
anti-corruption efforts, and reinforces the
defenses for data security and privacy
protection, thereby building a compliant
governance ecosystem.
Strengthening Corporate Governance
Shareholder Equity Protection
Adherence to Business Ethics
Data Security and Privacy Protection
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Strengthening Governance Measures
Strengthening Corporate Governance To further enhance the effectiveness of corporate governance, the Company systematically formulated and updated more
than 20 core management systems in 2025. Regarding the disclosure management of sensitive information such as state secrets
and commercial secrets, the Company newly formulated the "Information Disclosure Suspension and Exemption Business
The Company strictly complies with the requirements of laws and regulations and normative documents such as the Company Management System," providing clear rules and a sound basis for the disclosure of sensitive information; meanwhile, it
Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, and the Code of Corporate formulated the "Termination Management System for Directors and Senior Management," which clarifies the boundaries of
Governance for Listed Companies. It has established a core governance structure composed of the Shareholders’ Meeting and the rights and responsibilities for departing personnel and establishes a complete closed-loop management mechanism for key
Board of Directors, and has set up under the Board of Directors the Strategy and Sustainability (ESG) Committee, the Audit positions.
Committee, the Nomination Committee, and the Remuneration and Evaluation Committee to assist the Board of Directors in At the institutional implementation level, the Company strictly complies with the requirements of laws, regulations, and the
Articles of Association, and continuously strengthens the procedural control of related-party transactions and safeguards
decision-making, thereby forming an operational mechanism with clearly defined powers and responsibilities as well as
for the performance of duties by independent directors. On the one hand, the Company strictly controls related-party
coordination and checks and balances. To further enhance the Company’s environmental, social, and governance (ESG)
transactions. During the deliberation of major matters such as the Proposal on Confirmation of the 2024 Related-Party
management level and strengthen its sustainable development capability, the Company adjusted the former Strategy Transactions and the Estimated Quota for 2025 Daily Related-Party Transactions and the Proposal on External Investment and
Committee into the Strategy and Sustainability (ESG) Committee in January 2025, so as to strengthen the penetrating Related-Party Transaction by a Wholly-Owned Subsidiary, the mechanism requiring related directors to abstain from voting was
management of sustainable development issues. In accordance with the Guidelines for the Articles of Association of Listed strictly implemented to ensure fairness, openness, and impartiality in decision-making. On the other hand, in order to meet the
Companies (2025 Revision), the Board of Supervisors was abolished, and its functions were undertaken by the Audit new governance requirements following the adjustment of functions of the Board of Supervisors, the Company has fully
Committee. Through the embedded supervision of the Audit Committee within the Board of Directors, the Company has realized activated the supervisory effectiveness of independent directors and effectively strengthened the internal supervision defense line
a shift from “ex-post supervision” to “full-process risk control.” Relying on the professionalism and independence of the Audit by enhancing compliance training, optimizing supervision processes, and improving support for the exercise of powers.
Committee members, the direct oversight of the Board of Directors over financial health, internal control, and compliance
governance has been further strengthened. Composition of the Board of Directors
Governance Strategy and Sustainability Shareholders’ The composition of the Company’s Board of Directors demonstrates a high degree of diversity: in terms of gender, there are
seven male directors and two female directors; the age distribution spans three ranges—40–50, 50–60, and over 60—showing a
Structure (ESG) Committee Meeting
balanced proportion; and professional backgrounds cover multiple fields including market, technology, accounting, law, and
Remuneration and economy.
Evaluation Committee Board of Among the members of the Board of Directors, external directors account for 56%, and independent directors account for 33%.
Directors This diversified and highly independent governance structure effectively ensures the scientificity and fairness of governance
Nomination Committee decision-making and significantly enhances the overall competence and comprehensive governance level of the Board of
Directors.
Strategic and Remuneration and
Audit Committee Members of the Audit Nomination
General Manager Board of Directors
Position Sustainability
Committee Committee
Evaluation
Committee Committee
Chairman of the Board and
Yao Yi √
General Manager
Audit and Vice Chairman of the Board and
Support Platform
√ √
Business Center
Supervision Wang Wentao
Product R&D
Supply Chain
Deputy General Manager
Functional
Marketing
Department
Platform
Platform
platform
Director and Deputy General
Yang Yi Manager
Director and Deputy General
Zhao Yan Manager √
Wu Xi Director √
Strategic and Remuneration and Xu Xingren Director
Meeting Shareholders’ Board of Board of Sustainability(ESG) Audit Nomination Evaluation
Type Meeting Directors Supervisors Committee Committee Committee Committee
Wang Kun Independent Director √ √ √
Number of
Meetings Held Xi Xiaohong Independent Director √ √ √
Proposals Independent Director
Reviewed
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Externally, the Company proactively increases voluntary disclosures on the basis of compliance and, beyond statutory announcements,
Executive Remuneration Management actively promotes voluntary information disclosure. Throughout the year, multiple voluntary announcements were issued,
covering categories such as quality and efficiency improvement with enhanced shareholder returns, listing of invested
The Company implements a performance-oriented remuneration mechanism for internal directors, which is strongly linked to the shareholding companies, ESG reports, establishment of industrial funds, and share repurchase progress, enabling investors to
economic environment, operating results, and individual assessments, and is dynamically evaluated and adjusted on an annual basis. gain a comprehensive understanding of the Company’s operational dynamics and development trajectory. Meanwhile, the
The remuneration structure adopts a dual model of "base salary + long-term incentives," establishing a community of shared Company continues to deepen innovation in information disclosure formats by adopting visual approaches such as “One-Chart
interests and shared risks between shareholders and the core management team, guiding the Board of Directors to balance short- Overview” to interpret periodic reports, lowering the threshold for investor understanding and enhancing the readability of information.
term performance with long-term strategy, driving sustainable value creation, and effectively safeguarding shareholders’ interests and This mechanism drives the Company to achieve a critical transformation from “passive compliance” to “proactive value delivery”—
the Company’s long-term sustainability. through internal process reengineering and the institutionalization of technical systems, breaking down information barriers among
Enhancing Risk Management departments so that voluntary disclosure is no longer limited to occasional actions but is internalized as an organized and process-driven
routine operation.
The Company has established a comprehensive risk control system featuring embedded compliance and penetrating risk
management, implementing a "process owner + controller" dual-track system to reinforce accountability and achieve full-chain
monitoring across 19 business processes. Prior to operations, safeguards are established through segregation of incompatible duties
and tiered authorization and approval; during operations, dynamic early warning and evaluation are conducted at key nodes such as
Protection of Investors' Rights and Interests
funds, procurement, and R&D; after operations, traceable accountability is ensured through inventory checks, audits, and archiving.
Focusing on four major risk areas—strategic decision-making, fund security, supply chain, and R&D outcomes—the Company has The Company attaches great importance to investor relations management and is committed to establishing long-term, stable, and
formed a closed-loop mechanism of "objectives–identification–control–supervision" to ensure compliant operations and asset security. mutually trusting relationships with investors. The Company strictly complies with The Company Law, The Securities Law, The Measures
for the Administration of Information Disclosure by Listed Companies, and other laws and regulations, and in August 2025 further
refined and updated the Investor Relations Management System of LUSTER LightTech Co., Ltd., ensuring that information
Tiered Authorization and Clear Allocation of Segregation Mechanism for
disclosure is truthful, accurate, complete, and fair, and proactively disclosing information that is conducive to protecting the legitimate
Responsibilities and Powers Incompatible Duties rights and interests of investors.
Tiered Approval: A five-level approval system of the Board of The Company advocates diversified forms of communication with investors, adheres to the principles of “compliance, equality,
Directors – President – Vice Presidents in Charge – Department Segregation of Duties: In the full process of funds, procurement,
Directors is established, with tiered authorization implemented inventory, R&D, and other operations, incompatible positions proactiveness, honesty, and trustworthiness”, and conducts non-discriminatory communication with institutional and individual
according to transaction amount and the nature of the matter. such as application/approval, execution/supervision, and investors through multiple channels including performance briefings, special briefings, roadshows/reverse roadshows, telephone
Collective Decision-Making: All major decisions must be custody/accounting are mandatorily segregated. communication, investor hotlines, SSE E Interaction, and shareholders’ meetings. Meanwhile, the Company actively participates in seller
collectively reviewed by the Strategy Committee and the Operations Dual-Responsibility Mechanism: Each process clearly
designates a process owner and a process controller, responsible strategy conferences, organizes field surveys and reverse roadshows, and, through media platforms such as the official website and the
Management Committee, achieving a balance between collective
decision-making and individual accountability. respectively for process operation and process supervision. WeChat official account, promptly conveys its latest developments in development strategy, operating conditions, and financial
performance to investors, gaining a deeper understanding of investor demands, enhancing investors’ understanding and recognition of the
Company, effectively improving its credibility, and safeguarding the legitimate rights and interests of investors.
Risk Identification and Process Supervision and
Assessment Mechanism Control Investor Relations
System-Embedded Process Control: Process standardization Unit Achieved Data
Ex-Ante Risk Assessment: Risk assessment reports are
Performance Indicators
and automated control are achieved through systems such as
mandatorily required at key stages such as project initiation, SAP, CRM, OA, and PLM. Large-scale Public Briefings / 3
procurement, and outsourcing. Regular Inventory Verification: Regular and repeated
Multi-Dimensional Review: Multiple departments involving inventory checks are conducted on cash, inventories, and Small-scale Investor
technology, quality, finance, and legal affairs participate in shareholder assets.
/ 100+
Communication Meetings
professional reviews to form review opinions. Identification of Key Control Points: Key control points are Annual Number of Investors
clearly marked in the flowchart to strengthen control over critical / 850+
Received
stages.
Investor Hotline Answering
% 100%
Rate
Answering Questions in
Information Transparency Easy Interaction
/ 86
LUSTER has established a dual transparency mechanism of “internal coordination as the foundation and proactive external Measures for Protection of Investors' Rights and Interests
disclosure”, systematically enhancing the quality of information disclosure. Internally, the Company strengthens cross-departmental
responsibility matrix management for information disclosure, incorporating key departments such as finance, investment, and legal In order to further strengthen its investor relations management and protect investors' rights and interests, the Company carried out a
affairs into a unified responsibility system to promote systematic management of key matters and real-time information series of activities, training sessions, and practical initiatives for protecting investors' rights and interests in 2025:
synchronization, while providing targeted compliance training to improve the quality of information generation and response efficiency
at the source;
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
In 2025, the Company strengthened anti-corruption efforts
by establishing an integrity and compliance system: 10
Share Repurchase + Dividends integrity promotion and training sessions were completed,
Cancellation of Repurchased Shares
covering more than 400 person-times, with all cadres and
Share Repurchase: As of the end of 2025, the Company had employees at the Taihu Base signing Integrity Commitment
Implementation Purpose: To enhance earnings
cumulatively repurchased 8.87 million shares, with a total
per share and effectively increase investor returns Letters; pre-appointment investigations and admonition
repurchase amount of RMB 191 million; in 2025, 300,000 shares
were repurchased with a repurchase amount of RMB 11 million.
Number of Shares Canceled: 2.52 million interviews for cadres were implemented, and compliance risks
shares, accounting for 0.54% of the total share were incorporated into KPI assessments; the BCG Code of
Dividends: Since its listing in 2022, the Company has distributed
capital before cancellation 0.54% Conduct, Sunshine Agreement, and other institutional policies
dividends for three consecutive years exceeding 30% of the net
profit for the respective year (including share repurchases) were comprehensively updated and company-wide
examinations were organized; the supplier integrity
management system was upgraded, adding preventive actions
for default risks, etc.
Non-reduction Commitment Quality, Efficiency and Returns Shareholder Dividend Return Plan
Improvement for the Next Three Years Whistleblowing Process and Whistleblower Protection
Committing Parties: Yao Yi, the
controlling shareholder, the actual In 2025, LUSTER implemented the Annual cash dividends ≥10% of the LUSTER has established a comprehensive protection system for whistleblowers: three reporting
controller and Chairman of the Board, "Quality, Efficiency and Returns distributable profit for the year channels—telephone, email, and mail—are provided and publicly disclosed on the Group’s official
and Ms. Yang Yi, the actual controller Improvement" initiative, adopting a Target of cash dividend policy: stable website, the Company’s OA system, and procurement agreements; a substantial reward mechanism is
and director, committed that, starting dual-driver approach of endogenous growth of dividends implemented, granting RMB 500–2,000 upon verification, with an additional reward of 5%–20% of
from July 7, 2025, they would not R&D innovation, and external Three exceptions: non-standard audit recovered losses up to a maximum of RMB 100,000; strict confidentiality is maintained throughout the
transfer or reduce their shareholdings investments and M&As, promoting opinion, asset-liability ratio >70%,
in any manner within the following 12 entire process, with rigorous control over access to investigation information and a strict prohibition on
quality and efficiency improvement in its negative operating cash flow
months. core business through industry–finance
disclosing any information to the reported individual or unrelated third parties.
Shares Involved: A total of 223.78 synergy, while coordinating the dynamic
million shares balance between performance growth
and shareholder returns.
Anti-Unfair Competition
LUSTER strictly adheres to legal and regulatory red lines and rigorously standardizes business conduct on the basis of anti-corruption.
Adherence to Business Ethics The Company builds differentiated competitiveness through core technologies and insists on winning the market through continuous
innovation and efficiency improvement, firmly opposing unfair competition. In terms of intellectual property protection, the Company
not only safeguards its own rights but also fully respects the achievements of others to avoid infringement. No incidents of unfair
The Company adheres to business ethics and maintains a "zero tolerance" stance toward corrupt practices. The Company competition or intellectual property infringement occurred throughout 2025.
has established a comprehensive system including the "Code of Employee Business Conduct" and the "Anti-Fraud
Management System," which cover all employees and suppliers; the Audit and Legal Affairs Department has established
six dedicated functions including fraud investigation and exercise-of-authority supervision, and has strengthened preventive Risk Management
measures through mandatory signing of Integrity Commitment Letters and regular special inspections. During the
reporting period, the Company had no violations of laws or regulations such as embezzlement, bribery, or anti- LUSTER has established a comprehensive risk governance structure with clear
monopoly violations, nor was it subject to any related penalties. responsibilities: the General Manager oversees overall decision-making, the President’s
Office leads identification, assessment, and solution planning, and each business
Anti-Corruption and Anti-Bribery department assumes primary responsibility for execution, forming a governance model
of “top-level leadership and cross-departmental collaboration.” This system deeply
In 2025, the Company focused its anti-corruption and anti-bribery efforts on two aspects: special audits and compliance integrates risk management into the entire process of the Group’s strategy, operations,
audits. In terms of special audits, the Company initiated special audits covering investment and M&A projects, non-labor and compliance, covering all business divisions and subsidiaries. Through quantitative
expenses, engineering audits of the Taihu Base, and departure audits of management and key personnel; meanwhile, it assessment, dynamic monitoring, and regular review mechanisms, it achieves closed-
completed the preparation and release of Compliance Audit Report related to the 2025 raised funds, Annual Report, and ESG loop risk management, with particular emphasis on strengthening compliance risks of
Report, thereby effectively fulfilling its listing compliance obligations. Upholding the core principle of "promoting listed companies, tax risks, and operational risk control, ensuring compliance in major
improvement through audits," the Company generally safeguards sound and compliant development by clarifying facts, matters and systematically enhancing the Company’s corporate governance capabilities 33
pursuing accountability, and improving internal controls. and sustainable development capacity.
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Customer Privacy Protection
Data Security and Customer Privacy Protection
The Company has established a privacy protection system through systematic and multi-level prevention and control
measures: Information Classification Management classifies all Company information into four levels based on importance,
Information Security Risk Prevention and Control with corresponding permissions, watermarks, and archiving requirements configured accordingly, and highly confidential
materials require special approval and must be used after masking; Storage Security Management implements unified storage
In response to major information security risks (unauthorized access, data tampering, virus attacks, and external intrusion), permissions, strictly prohibits employees from processing trade secret information on personal computers, applies network
the Company has established comprehensive management systems across multiple dimensions including account isolation to R&D personnel, and ensures that equipment used by senior management is centrally managed by the Information
permissions, terminal protection, network isolation, security awareness, and internet usage behavior to ensure the security of Technology Department; Key Area Protection establishes access control systems in critical locations, where external personnel
information assets. During the 2025 reporting period, the Company recorded 0 information leakage incidents and and non-invited employees are prohibited from entering without permission, under the centralized management of the
completed 39 continuous vulnerability remediation cases. Administrative Management Department; Information Sharing Control establishes a unified sharing system, under which
system administrators allocate application permissions, a document sharing platform is established, and departmental access
permissions are set according to confidentiality levels.
Account Control and Implementation of authorization approval, regular password updates, separation of system/database
Protection administrator responsibilities, and periodic spot checks and supervision of operation logs
Information System Upgrade
Terminal Security Mandatory installation of anti-virus software, regular virus scanning and virus alerts to prevent damage During the reporting period, the Company
Protection from malicious software continuously advanced digitization and
intelligent development, focusing on leveraging
technology to deeply empower business
Network Isolation Physical and logical isolation between production and office environments, firewall configuration with development and organizational operations. At
Protection minimum port permissions, and regular inspections of network configurations
the operational execution level, by deploying
“digital employees RPA” technology, the
Internet Usage Behavior Prohibition of unauthorized dial-up internet access and non-authorized connections, restriction of high- Company successfully realized the automated
Management traffic downloads, and activation upon approval only when required for work processing of high-frequency business process
such as financial invoicing, business opportunity
acquisition, and procurement payment
Information Security Training applications, significantly improving operational
efficiency while promoting the transformation
The Company has established a normalized information and upgrading of the human resource structure
security training mechanism covering all employees. By from traditional labor-intensive to knowledge-
organizing special topics training and dynamically updating contribution-oriented. In addition, to strengthen
training content related to network security and data service support for the four major middle-office
protection, we respond to evolving risk situations, platforms,
combining with training sign-in and assessment
mechanisms to ensure timeliness, continuously enhancing the “Digital BI Project” was successfully implemented, launching 11 categories of data kanban to provide real-time and
employees’ information security awareness and operational accurate data support for operational decision-making, continuously enhancing management efficiency and organizational
compliance. resilience. At the professional business level, with the Manufacturing Operations Management (MOM) system, Shouhoubao,
TeamCenter, and the asset management system as the core, the Company has established a digital system that covers the entire
Key training content in 2025: Anti-phishing Special Campaign: warning education was conducted through real phishing product lifecycle as well as the full process of manufacturing and services. Through technology integration and process
email cases (such as abnormal links http://.xx+.co) to enhance employees’ capability to identify and prevent phishing attacks; optimization, practical experience and management rules have been consolidated into standardized and reusable digital
IT Service Self-Service Enablement: the “LUSTER IT O&M Service Day” was launched, and the IT Tutorial Center website solutions, effectively promoting production transparency, service standardization, and refined operations, thereby laying a solid
was officially introduced, integrating tutorials for high-frequency IT service scenarios such as VPN/email configuration, SAP system foundation for the Company’s high-quality development.
installation, and Yisaitong encryption, enabling self-learning and reducing security incidents caused by operational errors. The
security awareness training in 2025 covered all employees of the Company. 34
Fostering a Win-
Win Culture
The Company practices ESG principles by
establishing a standardized employee
employment and compensation system,
deepening tiered and categorized training as
well as on-the-job training for key positions. It
strengthens the occupational health and safety
defense line, implements work safety and R&D
safety management, safeguards employee rights
and interests, enriches forms of employee care,
and builds a diverse and inclusive workplace
ecosystem.
Employment & Remuneration
Employee Development
Employee Health and Safety
Protection of Employee Rights and
Interests
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Employment & Remuneration Employee Compensation and Benefits
The Company bases its practices on the "Compensation Management System," upholding the core philosophy that “value
contributors receive competitive compensation,” adopting a combined structure consisting of fixed compensation (based on
Employee Employment position value evaluation and capability grading), variable compensation (annual performance bonuses strongly linked to
profit/departmental/individual performance), long-term incentives, and statutory/company-provided benefits. With an
The Company deeply practices the ESG philosophy by organically integrating compliance governance, social responsibility, emphasis on external competitiveness and internal fairness, male and female employees receive equal pay for equal work. The
and sustainable operations throughout the entire talent strategy chain: building an institutionalized governance system on the HR Department conducts annual compensation surveys, and adjustment plans are approved by the President’s Office Meeting,
basis of labor laws and regulations, ensuring fairness, impartiality, and openness throughout the entire recruitment forming a dynamically optimized closed-loop management system that supports the Company’s strategy and incentivizes core
process through an avoidance mechanism, standardized assessments, and a dual-track responsibility system, with full talent.
transparency in job requirements, hiring standards, and evaluation rules. The interview stage adopts multidimensional cross- In 2025, based on strategic and operational objectives, the Company further adjusted and improved the "Detailed Rules for the
evaluation and collective decision-making to eliminate human interference and opaque operations, thereby consolidating the Implementation of the Company’s Gain-Sharing Mechanism for 2025," the "2025 Long-Term Incentive Program," and the
foundation of employer trust through transparent governance; strictly prohibiting the employment of child labor, "LUSTER 2025 Diversified Immediate Incentive Awards." Further emphasis was placed on a striver-oriented approach in
establishing multiple risk control mechanisms such as academic credential verification and eligibility review for fresh bonus distribution, long-term equity incentives and long-term incentives, as well as immediate incentives.
graduates, and standardizing internship agreements and subsidy standards to safeguard the legitimate rights and The Company has established a “four-in-one” benefit ecosystem, with 100% labor contract signing and five social
interests of young people. The Company practices a two-way selection mechanism and prioritizes the activation of internal insurances and one housing fund coverage forming a solid compliance foundation, and supplementary medical insurance
talent, broadens employee career development channels, and promotes employment fairness and diversity and inclusion; covering all employees to strengthen health protection. On this basis, multiple layers of care are provided: living support
through planned recruitment, it scientifically plans the talent structure, optimizes resource allocation efficiency, and shortens (lunch/communication/housing subsidies for fresh graduates) to relieve practical concerns; health protection (annual medical
recruitment cycles to reduce operational energy consumption. By internalizing social responsibility into its organizational examinations and preferential benefits for family members) to safeguard employees’ physical and mental well-being; special care
DNA, the Company builds a trustworthy and sustainable employer brand, achieving a symbiotic and win-win outcome (festival gifts, milestone benefits, overseas business travel insurance) to convey corporate warmth; and development resonance
between corporate development and social value. (low-interest housing loans for outstanding talents and team-building funds) to deepen long-term talent engagement,
comprehensively practicing the core talent philosophy of “enabling value contributors to share in development achievements.”
In 2025, the Company continuously introduced new talent from society and
universities, providing 350 new job positions. In 2025, the Company conducted Employee Development
campus recruitment activities at multiple universities including Beijing Institute of
Technology, Beijing Jiaotong University, Harbin Engineering University, and Employee adaptability and growth are critical issues related to the sustainability of the enterprise. In talent development, the
Changchun University of Science and Technology. After joining the Company, Company adheres to the "tiered and graded, capability-oriented, internally driven" principle, and has established targeted
graduates are provided with a 1V1 training plan and designated mentors to training systems for senior, mid-level, and grassroots employees as well as managers, focusing on three major directions: new
accelerate their transition from campus to professional roles and enhance employee onboarding, vertical job expansion for grassroots employees, and enhancement of comprehensive capabilities of
alignment with job requirements and corporate culture. In 2025, the Company Changchun University of Science and management. Through annual capability assessments, the Company dynamically optimizes dedicated development programs for
recruited 75 fresh graduates. Technology Information Session professional talents such as the management talent pipeline and key positions. Relying on an online learning platform and a
qualification-guided curriculum system, the Company achieves knowledge accumulation, experience extraction, and improved
training efficiency. Meanwhile, an integrated mechanism has been systematically established for mentor certification and the
The 2025 VPC National University Virtual Production Competition was jointly selection and utilization of internal trainers, activating internal resources to build a learning-oriented organization, fulfilling the
guided and supported by the Film Digital Production Committee of the China social responsibility of “transforming knowledge into wealth” and promoting employee-wide growth and organizational
Film Association, the China Virtual Reality Technology and Industry Innovation empowerment.
Platform, and the Film and Television Industry and Management Committee of
the Chinese Collegial Association For Visual Art. Beijing Yuanke Vision
Technology Co., Ltd. and Shanghai Suihuan Technology Co., Ltd. served as Training Investment in 2025 Total Training Hours in 2025 Number of Trainees in 2025
technical support units, jointly promoting the dissemination and application
of cutting-edge technologies in the virtual production industry and
advancing in-depth cooperation between universities and enterprises in film RMB 3.65 million 18,831 1,903
and television production technology research and development, talent 2025 National University Virtual
cultivation, and employment selection. Production Competition 36
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
In 2025, building on its accumulated online course resources, the Company established cross-departmental collaboration training Guided by its strategic objectives, LUSTER has established a “Company–Department–Individual” objective chain, forming
camps specifically for new employees, executives, and key frontline positions such as Product Managers (PM), Customer Service a closed-loop management mechanism through operational analysis and quarterly reviews to strengthen efficient
Supervisors, PMs, and SRs, deeply advancing its ESG strategic commitments: at the social level, by empowering core business collaboration and ensure the achievement of goals. With “individual performance + organizational performance” as the core
talents to build fair growth pathways and enhance the quality of human capital; at the governance level, by establishing a evaluation approach, the Company provides solid talent and organizational support for sustainable development.
standardized talent pipeline development mechanism to strengthen organizational execution capability and risk resilience.
This initiative strongly supports scalable business expansion and long-term sustainable development, demonstrating the Centered on the Company’s strategy and operational objectives, a top-down objective system is
Company’s strategic investment in talent value creation. Organization
established and implemented through operational analysis and quarterly reviews to achieve closed-
Performance
loop management, promoting efficient collaboration and effective goal execution.
Individual With performance results as the core, the Company comprehensively evaluates business
Performance contributions, capability improvement, and job competency. Performance results are directly linked to
compensation, promotion, and training, enabling fair incentives and career development.
The Company has established a unified employee promotion management process, linking individual ranks with performance
assessment and promotion, and implementing it based on responsibility outcomes and capability improvement while adhering to
the principles of fairness and justice. Employee Development Pathways
The Company provides employees with a dual-track Management Pathway Expert Pathway
PM Training Camp development path consisting of a management channel and an Senior managers of the Company Company-level senior experts
expert channel: Middle-level managers of the Company-level experts
Company
Management channel: from grassroots managers and Departmental middle-level
Senior departmental key talents
departmental middle-level managers to middle-level managers managers
of the Company, and further to senior management of the Grassroots managers Departmental key talents
Company
Grassroots employees
Expert channel: from departmental key talents and senior
departmental key talents to Company-level experts, and further
to Company-level senior experts
Executive External Training New Employee Orientation Training
Employee Health and Safety
Occupational Health and Safety Management System
The Company adheres to the EHS policy of “Pollution Elimination, Energy Conservation; Safety
First, Accident Prevention; Giving Back to Employees and Society; Compliance with Regulations,
Continuous Improvement,” and aims for the goal of “Zero Accidents”, and a series of EHS
management enhancement measures were systematically formulated and comprehensively implemented
in 2025. In the same year, LUSTER LightTech Co., Ltd., Suzhou LUSTER Industrial Intelligent
Technology Co., Ltd., and Suzhou LUSTER Vision Intelligent Equipment Co., Ltd., among other core
operating entities, successfully obtained ISO 45001 Occupational Health and Safety Management
Customer Service Supervisor New Employee Training System certification, marking the Company’s commitment to maintaining and continuously improving
Training Camp
the standardization and sustainability of EHS operations. 37
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Work Safety Special Training on Work Safety Fire Drills
In April 2025, the Company released an updated safety management structure to implement its safety management work. By
practicing the safety policy of “safety first, prevention as the primary approach, effective monitoring, and continuous
improvement,” and achieving the safety objective of “zero accidents”, and with the approval of the Company, the
appointments of the members of the Safety Committee were refreshed. The Committee includes positions of Director and
Deputy Director, and consists of core team members and extended team members, with an executive secretary assigned. The
relevant appointment notice was issued to all business divisions, functional departments, offices, and branches of the Company
and disseminated across the entire Group for implementation.
In accordance with a series of regulations such as the "Work Safety Rules and Regulations," the "Work Safety Education and
Training System," and the "LUSTER Work Safety Responsibility System," the Company ensures the safety of its production
and operations. During the reporting period, in terms of safety actions, the Company actively implemented the relevant
institutional processes and carried out safety training and management communication on a quarterly, monthly, and daily basis;
in order to safeguard employees’ production safety, the Company replaced fire safety equipment in multiple locations and
conducted regular inspections and maintenance of construction equipment during the reporting period, with a safety-related
investment amounting to nearly RMB 200,000.
Safety Accident Emergency Plan
The Company has formulated and established a series of systems, including the "Enterprise Safety Hazard Investigation and
Rectification System," the "Measures for the Management of Enterprise Work Safety Accident Emergency Plans," the
"Emergency Plan for Production Safety Incidents," and the "Major Safety Hazard Reporting System," with a focus on the
identification and prevention of safety hazards. for work safety incidents, safety emergency plans are established for multiple
scenarios, including work-related injuries, fire/explosion, chemical leakage, and failure of safety facilities, ensuring that
employees are able to obtain effective response capabilities in the event of an incident. The Company has also established
mechanisms for safety accident reporting, penalties, and system improvement to ensure no recurrence of incidents. Reflection in Safeguarding Employees’ Enhancing Governance
Environmental Protection Right to Life and Risk Prevention
Safety Production Training Establish and improve the occupational Formulate and implement standardized safety
Based on key risk links in manufacturing processes and fully drawing on past risk prevention and control experience, the health and safety system covering electrical code documents, clearly defining red-line
Strictly control the emission and prohibitions such as the “Ten Prohibitions”
Company carried out special training on hazard source identification and risk control for all employees in the production disposal of welding fumes and volatile protection, electrostatic protection, physical
and graded approval processes; establish
injury prevention, and safe chemical
and manufacturing departments in 2025. The training adopted the “imparting, assistance and mentoring” model of chemicals, ensure the effective mechanisms for reporting safety hazards and
operation of ventilation facilities, and operations to safeguard employees’ life and accountability to ensure effective
experienced employees guiding new employees, systematically passing on the valuable experience accumulated by senior health rights and interests; enhance implementation of systems, form closed-loop
reduce the impact of hazardous
employees through long-term production practices, ensuring that both new and existing employees can proficiently master risk substances on the atmosphere and employees’ safety awareness through management, and enhance organizational
identification and emergency response skills, thereby building a comprehensive protection system for employees’ work safety. In personnel health regular training and strengthen emergency governance efficiency and risk prevention
and control capabilities
addition, the Company consistently conducts regular fire emergency drills and chemical leakage response drills for all employees response capabilities
every year, continuously strengthening employees’ safety awareness and practical response capabilities and effectively
reinforcing the defense line for work safety.
Main Indicators Unit Achieved Data
R&D Safety
Number of Work-related Deaths and Serious
Safety management during R&D experiments is centered on the principle of “life first.” The Company has established systems Injuries in 2025
/ 0
including the "R&D Laboratory Safety Code," "R&D Laboratory Operating Procedures," "Measures for the Management of
R&D Laboratory Equipment and Instruments," and the "R&D Laboratory Code of Conduct." Focusing on five key dimensions— Number of Occupational Disease Cases 例 0
electricity use, electrostatic protection, fire protection, occupational health, and behavioral norms—the Company has built a
comprehensive safety protection system covering all personnel, the entire process, and all aspects through a series of rigid Occupational Health Examination Rate % 100%
institutional measures, ensuring that the safety of laboratory personnel, equipment, and the environment remains controllable. 38
The Company’s safety prevention and control measures in R&D demonstrate its fulfillment of ESG responsibilities.
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
The Company has formulated the “Anti-Discrimination, Anti-Harassment, and Anti-Forced Labor Management Policy”,
Occupational Health eliminating discriminatory behavior throughout the entire process from recruitment and selection to behavioral standards and
benefits protection, and adhering to the principle of non-discrimination on the basis of race, gender, nationality, religion, age,
To implement the occupational health policy of “prevention first and combining prevention with control,” the Company has disability, marital status, pregnancy, sexual orientation, or association affiliation.
established a full-process occupational disease prevention and control system: employees exposed to occupational hazard factors The Company pays particular attention to women’s employment rights, committing not to discriminating against married or
are regularly organized to undergo specialized occupational health examinations, occupational health and safety hazards are pregnant women, making reasonable workload adjustments for pregnant employees, and providing dedicated facilities such as
systematically identified, and targeted prevention and control measures are formulated along with emergency drills; meanwhile, nursing rooms for women during the lactation period;
employees are equipped with personal protective equipment that is regularly maintained, and engineering modifications and
equipment upgrades are carried out for the operating environment. Based on professional identification and assessment, the
As of December 31, 2025
occupational hazard factors currently present in the Company mainly include chemical factors (tin soldering fumes) and physical
factors (noise), which may lead to occupational diseases such as respiratory system damage and noise-induced hearing loss. In Number of Female Number of Employees with
response, the Company has implemented the following targeted prevention and control measures: Employees Disabilities
Elimination of For tin soldering fumes: A fume extraction and filtration device is installed in the tin soldering
workshop, and the effectiveness of the filtration cartridges of the extraction system is verified weekly,
Hazardous
with regular replacement, servicing, and maintenance of the filtration cartridges.
Working For noise: Sound insulation walls are installed in environments where noise is generated, and doors are
Environment kept closed during daily operations to reduce the impact of noise.
Democratic Communication
Protective tools: Employees in welding positions must wear a dust mask during the production process;
Protective personnel in noise operation areas must wear protective earplugs; those in positions involving processing The Company intends to establish a proactive, open, and transparent communication mechanism, with senior management
Measures for and handling must wear protective goggles and rubber gloves, etc. actively building and improving internal two-way communication channels, encouraging employees to put forward suggestions for
Individual Regular health examinations: Personnel in positions exposed to welding fumes and dust substances corporate operations and management and to express their views and appeals. The Company also encourages employees to
undergo a health examination once every year; if the 8-hour equivalent sound level of noise in the
Workers communicate actively through various communication channels, and proactively adopts reasonable opinions and suggestions
workplace is ≥85dB, annual physical examination is required.
regarding corporate development and management, thereby fostering a positive two-way communication atmosphere, ensuring
efficient and equitable internal communication and skills sharing, and promoting employee growth.
The Company has established and improved an employee feedback mechanism, collecting employee improvement initiatives
Protection of Employee Rights and Interests and rationalization proposals through a quarterly solicitation and regular feedback system. In addition, by regularly publishing
internal newsletter, the Company promotes its values and culture, encourages employees to understand, provide feedback on, and
participate in value-related activities, and motivates employees to engage deeply in corporate operations and management.
Diverse and Inclusive Culture
The Company is committed to building an open, inclusive, and diversified working environment, deeply integrating respect for
employees’ fundamental rights and the promotion of democratic participation throughout the entire lifecycle of talent
management: in recruitment and employment, we provide all candidates and employees with fair and consistent development HR Organizational
Democratic Employees Satisfaction
opportunities and an open and inclusive organizational atmosphere; in safeguarding freedom of association, we fully respect and Climate
protect employees’ rights to legally establish, join, or withdraw from social organizations, with employees’ choices free from any Life Meeting Assembly Surveys
Communication
restriction. The Company not only maintains zero interference but also actively empowers such initiatives—providing an annual
special fund of RMB 5,000 to eligible employee self-organized associations to stimulate employee autonomy and strengthen their
sense of organizational belonging; in building freedom of expression, a dedicated DingTalk communication community is
established as an open platform for employees to freely express opinions and share information and knowledge, ensuring that In addition, the Company attaches importance to all employees’ satisfaction with corporate governance and regularly conducts
diverse voices can be heard, while a suggestion collection and closed-loop improvement mechanism is established to transform employee satisfaction surveys. Through online questionnaires, the Company focuses on aspects closely related to employees’
employee insights into a driving force for organizational evolution; in terms of rights and remedy, we maintain multiple channels daily lives, including food, clothing, housing, transportation, departmental work, and employee activities, carefully listens to
for complaints and whistleblowing, and provide proactive, timely, and fair responses and handling of employee feedback, thereby employees’ suggestions and opinions, formulates targeted improvement plans, and effectively responds to employees’ reasonable
consolidating a foundation of trust through transparent governance and truly achieving sustainable development in which the appeals.
enterprise and employees grow together.
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Employee Care
The Company has established a comprehensive employee assistance and condolence system, The Company attaches great importance to employees’ mental health and has established a
focusing on employees’ practical difficulties by providing dedicated assistance and financial comprehensive mechanism for physical and psychological well-being. Regular health examinations
support to employees facing major illnesses, accidents, or family hardships. Meanwhile, key life for all employees, occupational disease screenings, and free medical consultations are conducted to
events of employees are covered by providing various condolence payments for occasions such as ensure dual protection for physical and mental health. Through employee communication meetings
birthdays, marriage, childbirth, and bereavement, supplemented by inclusive welfare support, and diverse feedback channels, workplace pressure is addressed in a timely manner, while team-
Employee Psychological
Assistance thereby effectively conveying the Company’s care, strengthening the safeguard for employees’ building activities promote a balance between work and rest, fostering an equal, inclusive, and
livelihoods, and fulfilling ESG responsibilities toward employees. Counseling open workplace atmosphere that safeguards employees’ mental health.
The Company continues to invest in optimizing the office and working environment for employees, To enrich employees’ leisure life and relieve work pressure, the Company actively organizes
conducts comprehensive inspections to identify safety hazards in office and production areas, and various cultural, sports, club, and holiday-themed activities, building platforms for employee
improves the safety training system to provide employees with a safe, comfortable, and convenient interaction and communication; through diversified activities, the Company enhances employee
working space; meanwhile, well-developed office support facilities that take into account both work cohesion, encourages employees to balance work and rest, fosters a positive, collaborative, and
Comfortable
convenience and physical and mental comfort are equipped, effectively safeguarding employees’ Featured united team atmosphere, helps employees achieve work–life balance, and promotes the joint
Environment growth with employees.
occupational safety and health rights and demonstrating a people-oriented ESG concept. Activities
Diverse Club Activities Team Building, Family Day, Women’s Day Free Medical Consultation
知识和理性是我们事业腾飞的翅膀
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Development Ecosystem Win Culture Harmonious Homeland Together
Building a Green
and Harmonious
Homeland Together
The Company has established a full-process
environmental management system to promote
the development of Green Factories, optimize
the energy structure, improve resource
utilization efficiency and practice low-carbon
development. Meanwhile, the Company actively
engages in rural revitalization, talent
cultivation, and social welfare, fulfilling social
responsibilities through concrete actions and
realizing the coordinated development of
economic, environmental, and social value.
Green Development
Resource Utilization
Social Contribution
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Green Development Environmental Emergency Plan
The Company has formulated the “Environmental Emergency Incident Emergency Plan”, implementing the principle of
Environmental Management System “protection first, prevention as the main focus, and comprehensive management”, and establishing a four-level mechanism
consisting of joint inspections, routine inspections, seasonal inspections, and specialized inspections. For major environmental
The Company strictly complies with national environmental protection laws and regulations such as the Environmental Protection risk sources, archives and funding support are established, safety management systems are improved, job skills training is
Law, the Environmental Impact Assessment Law, the Law on the Prevention and Control of Atmospheric Pollution, the Law on the carried out, warning signs are installed, and regular special inspections and emergency drills are conducted. Rectification
Prevention and Control of Water Pollution, and the Law on the Prevention and Control of Environmental Pollution by Solid Waste, records for potential hazards are established to achieve whole-process control of environmental risks.
and has established an environmental management system covering the entire business chain. Internal regulations have been
formulated, including the "Environmental Protection Management System," the "Waste Gas, Wastewater and Noise Management
System," and the "Waste Management Regulations," refining requirements for pollution prevention and hazardous waste Pollution Prevention and Control
management and laying a solid foundation for the standardized operation of environmental management.
The Company has established and improved its environmental management organizational structure, clearly designating the
General Manager as the primary person responsible for environmental protection and department managers as the primary persons Wastewater Management
responsible for environmental protection within their respective departments, fully implementing the principal responsibility for
The Company does not generate production wastewater, but only domestic wastewater. All relevant departments shall avoid or
environmental protection management. The environmental protection policy of “comprehensive planning, technological innovation,
reduce the use of facilities and devices that may generate wastewater whenever possible. The concentration of all wastewater
comprehensive utilization, scientific management, and pollution prevention is monitored by a qualified third party engaged by the Administration Department. All final rainwater and sewage discharge
and control” is strictly followed. The Company incorporates environmental outlets must be posted with identification signs, and monitored once per year. When the wastewater discharge concentration
protection work into the economic responsibility assessment system of all exceeds the standard, the Administration Department will report it to the Deputy General Manager and convene relevant
departments, and has established a reward and penalty mechanism to strictly departments to analyze and address the issue until the discharge meets the required standards.
pursue accountability of responsible parties for environmental pollution
caused by violations, comprehensively ensuring the standardized and Waste Gas Management
normalized advancement of its environmental protection management.
In 2025, the Company invested RMB 219,000 in environmental protection, The source of waste gas generated within the Company is the welding process in the dust-free workshop. The welding fumes
mainly in areas including three-waste consulting, testing and treatment, generated during welding are absorbed by a gas collection device and filtered through activated carbon adsorption, and the
pollution source identification and control, etc. During the reporting period, spent activated carbon after filtering is handled by qualified disposal parties. For fugitive waste gas emissions in production
the Company’s major production entities all passed the ISO 14001 workshops, the Company shall strengthen measures such as workshop ventilation and air exchange. Each year, hazardous
Environmental Management System certification, and throughout the factors in the waste gas outside the Company’s workshops are tested. When the emission concentration is found to exceed the
year no major environmental violations or incidents occurred. standard, relevant departments are organized to conduct analysis and treatment until the emissions meet the required standards.
Environmental Risk Prevention and Control Noise Management
LUSTER has established an environmental factor identification and evaluation table, and regularly identifies and evaluates the
major environmental factors. By identifying multiple key influencing factors including office activities, procurement activities, Equipment such as drilling machines, lathes, grinding machines, air compressors, and welding fume purifiers are the primary
workshop production, quality inspection, testing, warehousing, and customer service, the Company has compiled a list of major sources of noise. The Company endeavors to select low-noise equipment wherever possible. The Production Department
environmental factors and formulated corresponding control measures. responsible for noise control manages the daily operations as well as regular maintenance and servicing of the above
equipment, and operations are carried out in accordance with the equipment operation manuals or work instructions. Sound
Important Environmental Factors Control Measures insulation enclosures are installed for equipment that generates relatively high noise. Hazardous noise factors inside and
outside the workshops are monitored annually. When the noise levels are found to exceed the standard, relevant departments
Disposal of used toner cartridges, used are convened to conduct analysis and treatment until the emissions meet the required standards.
Recycled and handled by the printer supplier
ribbons, and used ink cartridges
Disposal of used computers and used
Waste Management
Recycled and handled by the printer supplier
printers/copiers The Company has established a full-process management system covering “generation and classification—transportation—
Generation of waste containing final disposal.” Waste is collected and temporarily stored according to recyclable and non-recyclable categories. Hazardous
hazardous substances Eco-friendly materials selected during product planning waste is specially registered and managed by the Administration Department and ultimately disposed of legally by qualified
treatment providers. The Administration Department is responsible for supervision, and the HR Department is responsible for
Fires caused by electricity use Electrical fire inspections conducted by qualified entities;
daily inspections conducted by the Company
conducting training. Through supervision, measurement, and corrective and preventive mechanisms, the management 42
objectives of waste reduction, resource utilization, and harmless treatment are achieved.
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Smart Campus Development
Integrated Command Center
Clearly presents the overall campus layout, provides
a unified overview and control of campus operations,
Security & Surveillance Environmental Management
Integrates security systems and equipment data to enable and enables holistic situational awareness. Enables visual analytics of spatial resource utilization and real-time
unified situational awareness via a single-pane view,
monitoring of environmental equipment and campus conditions.
ensuring efficient and stable security management
External Version: Internal Version: Command
Energy Management
Smart Access Control Provides real-time monitoring of operational status across
Visualizes pedestrian flow data across main entrances,
Exhibition & Promotion & Management subsystems including heating, water supply & drainage, gas,
zones, and corridors of the intelligent building. energy consumption, and power supply.
A Complete Digital Asset Suite for the
Taihu Base
Equipment Management
Smart Mobility Seven modules powering intelligent campus operations:Campus
Manages IoT hardware assets across the campus with full
Provides data-driven insights into parking Surveillance ·Buildings ·Offices ·Meetings ·Vehicles ·Dinin visibility into device locations and operational status, while
space utilization, distribution, and occupancy supporting alarm visualization on the business operations
g Halls ·Equipment
ratios across the campus. platform.
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Construction of Green Factories
The Company vigorously advances the construction of Green Factories, with “energy conservation and consumption reduction, green development” as the core. Based on the entire production and operations process, it builds a green manufacturing system and
creates Benchmark Factories characterized by intensive and low-carbon operations. In its construction practices, the Company implements the circular economy concept, develops modern soil technology and energy-saving low-carbon systems, and promotes
efficient resource utilization and coordinated environmental governance, while actively advancing greening and ecological landscape development within the factory area. Meanwhile, green development is integrated into all aspects of management and production.
Processes are optimized at the source, high energy-consuming equipment is phased out, clean production and safety control are strictly implemented, and working hours and energy scheduling are optimized.
The Company builds a Green Factory centered on the Taihu Base, integrating the
energy conservation concept throughout the entire process.
The base is a Class A building, with an energy conservation level of 72%,
and a Green Building target of Two-Star rating.
The rooftop photovoltaic installed capacity is approximately 200 kW,
with an annual power generation of 386,300 kWh, accounting for 3.92%
of the building's total electricity consumption.
Proportion of charging-pile parking spaces: 10%
Proportion of photovoltaic hot water usage: 20%
Rainwater replenishment for landscape water bodies exceeds
Guangzhigu Guangzhiyuan
evaporation by 60%.
Resource Utilization
Addressing Climate Change
Global climate change is profoundly reshaping the industrial competition landscape. With the in-depth advancement of the carbon peaking and carbon neutrality goals and the implementation of international rules such as the EU Carbon Border Adjustment
Mechanism, decarbonization pressure across industrial chains is accelerating its transmission downstream. As the core perception layer technology of intelligent manufacturing, machine vision faces market opportunities brought by the green transformation of
downstream sectors such as new energy and high-end manufacturing, while also bearing the dual challenges of expanding computing power and carbon management across the supply chain.
Identification of Climate Change Influencing Factors
Climate Influencing Factors Opportunities Expected Measures Climate Influencing Factors Challenges Expected Measures
Provide high-precision visual inspection for Deploy liquid-cooled servers and direct supply of
Surging demand for low-carbon Visual inspection empowering green Rising energy consumption of visual Surging carbon emissions from AI
manufacturing across multiple industries, and reduce green electricity, and optimize model compression
transformation in manufacturing manufacturing computing centers training
manufacturing energy consumption and defect rates algorithms to reduce training energy consumption
Establish a full life-cycle carbon accounting system for
Explosive growth in renewable energy Intelligent O&M for wind Expand product defect detection in new fields and
Tightening customer ESG audits Supply chain carbon data traceability vision equipment, and prioritize procurement of low-
installations power/photovoltaics capture the new energy post-market carbon chips and optical components
Develop intelligent sorting systems for recycled Obtain international certification for product carbon
Carbon footprint certification for
Driven by circular economy policies Visual sorting of waste products resources, applied to recycling production lines for Implementation of green trade barriers footprints and develop low-energy edge-computing
export products
waste plastics and used batteries vision response solutions
Promote new machine vision inspection solutions to Diversify the layout of optical component suppliers
Extreme weather leading to deterioration of Unmanned intelligent quality Climate disasters impacting delivery Insufficient supply chain resilience and establish climate risk early-warning and
reduce carbon emissions and risks from manual
quality inspection environments inspection
inspection patrols emergency response mechanisms 44
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Measures to Address Climate Change Impacts Efficient Energy Utilization
Current Measures to Address Opportunities: The Company deeply integrates machine vision technology into green In accordance with regulatory requirements such as the Law of the People's Republic of China on Energy Conservation and in
manufacturing. Technologically, the Company continuously iterates AI large models and algorithm platforms, upgrading visual consideration of its actual production and operational conditions, the Company has established the "Resource and Energy
inspection from single-defect recognition to cross-modal process understanding, thereby enabling digitized and intelligent control Management System," which specifies that the Administration Department is responsible for the use and supervision of
of the manufacturing process and reducing energy consumption and resource use at the source. In respect of application, the energy and resources. Each department formulates energy conservation targets on a consolidated basis, which are reviewed by
Company focuses on strategic green industries such as new energy battery, new energy vehicle, and photovoltaics, providing visual the General Manager. A management mechanism has thus been formed that is suitable for the Company’s current business
solution covering the entire production process to help customers improve quality consistency, reduce rework waste, and optimize scope and scale, establishing energy conservation approaches for the use of resources and energy, and forming a normalized
energy utilization efficiency, thereby indirectly reducing carbon emissions across the industrial chain. In terms of intelligent mechanism for the use of resources such as water, electricity, and energy.
manufacturing upgrade, the Company provides customers with integrated solutions including digital consulting and planning, On March 25, 2025, the Company issued the “2025 ESG Energy
intelligent production line implementation, and intelligent logistics optimization, realizing intelligent management across the entire Conservation and Emission Reduction Initiative” to all
process of ERP/MES/quality inspection and warehousing, helping customers build efficient, flexible, and low-carbon modern employees, promoting energy conservation and emission reduction
factories, and achieving a capability leap from single-point visual inspection to systematic green manufacturing. from four dimensions: electricity conservation, water conservation,
Current Measures to Address Challenges: LUSTER addresses climate challenges through a dual-driver approach of green office practices, and low-carbon commuting. The initiative
“investments and M&As + supply chain security management and control.” In the upstream, the Company has invested in chip and aims to respond to environmental protection calls, reduce resource
lens enterprises such as Gpixel and CHIOPT, and acquired JAI to strengthen high-end camera technology and products, thereby waste, and create a green and sustainable working environment. It
ensuring the security and controllability of core components. Meanwhile, for high-risk categories such as long lead-time materials, transforms energy conservation and emission reduction into a shared
exclusive supply, and materials involving sensitive regions, the Company conducts multi-scenario risk identification and responsibility of all employees, bringing together collective efforts to
quantitative classification, strictly controlling the proportion of high-risk items and strengthening the climate resilience of the core protect the environment through everyday actions.
supply chain.
Climate Change Emergency Plan Carbon Emissions Data Statistics and Monitoring
To systematically enhance climate change adaptability and the ability to withstand risks from extreme events, as well as safeguard
employee personal safety and the continuity of production and operations, the Company has established a full-chain climate
response system of “specialized plan coverage—graded early warning and prevention—standardized response execution,” forming The Company is not a high resource-consumption or
a scientific emergency management mechanism. 2023 high-emissions enterprise. Its primary sources of
Firstly, improve the specialized plan system to achieve coverage of high-risk scenarios. Focusing on climate change-derived 2820tCO₂e carbon emissions mainly arise from electricity
risks and extreme operating conditions, the Company has formulated the "Flood Control Emergency Plan" and the "High consumption during manufacturing processes and
Temperature Heatstroke Emergency Plan," supplemented by specialized plans for emergencies such as fire, explosion, chemical within office areas. The total emissions from 2023 to
leakage, typhoons, and earthquakes, clearly defining the handling principles, responsible entities, and execution process for various 2024 remained generally stable, reflecting that under
scenarios, thereby providing institutional support for emergency response. 2770tCO₂e the existing production capacity scale, the Company
Secondly, establish a tiered early warning mechanism and strengthen risk prevention and control at the source. With flood achieved stable control of emissions through energy
control and flood prevention as the core, an early warning system has been established, setting three-tier warning standards based conservation management and effective optimization.
on key indicators such as 6-hour/3-hour rainfall. Meanwhile, mechanisms including routine hazard source monitoring, 24-hour on- The increase in total carbon emissions in 2025 was
duty inspection during the flood season, and regular inspection and maintenance of stormwater pumps have been implemented. mainly attributable to the construction of new parks
Differentiated response measures are matched to different warning levels, ranging from equipment inspections under Level III and the expansion of production capacity undertaken
status to extreme hazard prevention and control under Level I status, thereby achieving tiered and forward-positioned risk to support the Company’s medium- and long-term
management and control. business development.
Thirdly, standardize the emergency response process to ensure efficient implementation of response actions. In response to
the risk of heatstroke under high-temperature conditions, the Company has institutionalized a five-step standardized first-aid Although emissions increased in the short term along with capacity expansion, the Company continues to advance green and
process of “relocation, cooling, rehydration, awakening, and transfer,” and conducts practical drills to strengthen the occupational low-carbon operations by promoting high-efficiency energy-saving equipment, optimizing energy management, and improving
health protection line for employees. For extreme incidents, unified evacuation procedures are clearly defined: when on-site production processes, thereby steadily enhancing energy utilization efficiency per unit of output value.
response proves ineffective, the chief commander issues an evacuation order, personnel evacuate along designated routes to safe
assembly points, and department supervisors complete personnel roll calls and reporting. Professional rescue teams will be 45
mobilized when necessary to ensure an orderly and efficient response.
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Energy-saving Measures Green Operations
The Company adheres to the concept of green and low-carbon development, integrates environmental friendliness and
Printing standards: preview before printing to avoid errors and waste; promote double-sided printing efficient resource utilization into the entire process of production and operations, and continuously advances digitized,
and reduce single-sided printing.
intelligent, and low-carbon operational practices, thereby building an efficient, clean, low-carbon, and circular green
Waste paper utilization: documents not requiring destruction shall be centrally collected for
double-sided reuse; draft paper must be recycled paper. operation system through concrete actions.
Paper
Paperless office: give priority to modern communication tools such as telephone, computers, and email. Promote the development of intelligent warehousing to enhance resource operation efficiency
Equipment management: ensure that equipment such as photocopiers and printers remain in good
Conservation operating condition.
To address the urgent demand for improved warehousing
efficiency and higher output per unit area driven by rapid
Facility maintenance: inspect water pipes monthly and conduct weekly inspections across
all areas; any breakage or leakage shall be addressed immediately once noted. business growth, the Company introduced an intelligent
Conservation of Usage standards: close or partially close valves during intermittent water use; faucets must
warehousing system in June 2025, reconstructing the
Water Resources be tightly turned off after use. warehousing operation model through automation and
Behavioral guidance: control water flow when washing hands to avoid running water intelligent technologies. Through technologies such as
continuously. AGV cross-floor transportation and the separation of
personnel and goods traffic, “Dark Warehouse” has been
Air-conditioning temperature settings: no lower than 26°C in summer and no realized, significantly reducing energy consumption and
higher than 20°C in winter; turn off promptly after work.
the risk of workplace injuries; meanwhile, the project
Lighting management: ensure “lights off before leaving”; use localized lighting
for localized operations.
investment payback period is only 21 months, and
Electricity Conservation Equipment management: promptly turn off power to unused electrical appliances;
labor demand for material issuance has declined significantly, and employee overtime workload has been reduced
designated personnel shall conduct inspections and confirmations after work. from 80% to 40%, effectively reducing the impact of operations on the environment and employee health while improving
Maintenance and servicing: strengthen machinery/equipment maintenance and operational efficiency.
circuit servicing to reduce energy consumption.
Promote MOM paperless operations to build a green and low-carbon production model
Energy Conservation Promotion In response to green and low-carbon development requirements, the Company launched the Manufacturing Operations
Management (MOM) system, transforming supply chain process-wide forms from offline printed circulation to online
circulation and enabling full-chain data traceability. Through the coordination of the SRM system and the MOM system, the
project reduced paper documents by 60% and achieved cost savings of RMB 120,000, not only directly lowering paper
consumption and carbon emissions, but also improving operational transparency and efficiency through digitized
management.
Deploy renewable energy applications to promote green energy use at the base
To practice the “carbon peaking and carbon neutrality” goals and
optimize the energy structure, the Company deployed a 0.8 MW
distributed photovoltaic power generation project at the Taihu
Base, covering approximately 6,000 square meters of rooftop
area, enabling on-site consumption of green energy. Over 25
years, the project can save 7.02 million kWh of electricity,
effectively reducing the base’s reliance on traditional fossil energy
and lowering carbon emissions during operations, thereby
providing strong support for the Company’s energy transition and
the advancement of green and low-carbon development. Photovoltaic systems on the rooftop of Building
Post energy conservation and emission reduction signage Use energy-efficient lighting fixtures 2 and on the rooftop of the corridor connecting 46
Buildings 1–2
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ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Social Contribution In 2025, the Company’s total charity donations reached RMB 1.726 million, focusing on higher education
development and public welfare support, thereby actively fulfilling its social responsibility.
In the field of education and scientific research, the Company continues to invest resources to support the
Supporting Rural Revitalization development of higher education. The donated funds are primarily used for teaching and research, equipment
upgrades, and talent cultivation in cutting-edge technology fields such as computer science and artificial intelligence
The Company actively responds to the national rural revitalization strategy and integrates support for the development of local
and control science, supporting academic innovation and technological exchange at universities, injecting
specialty agriculture into its social responsibility practices. By purchasing locally produced Biluochun tea leaves from the
momentum into national technological innovation and the cultivation of high-end talent, and strengthening the
Agricultural Products Operation Department of Wuzhong District, Suzhou, the Company facilitates the connection between local
foundation for the development of the digital economy and intelligent industries.
agricultural product supply and sales through actual consumption, stabilizing the income of growers and operating entities and
In the field of public welfare, the Company donated RMB 20,000 to the Suzhou Wuzhong District Charity
supporting the sustainable development of local specialty agricultural industries. This initiative not only helps expand market
Federation to support livelihood assistance programs such as poverty relief, student support, and elderly care,
channels for high-quality local agricultural products, but also promotes resource connectivity and industrial collaboration between
covering groups including elders in need, persons with disabilities, and migrant workers, thereby conveying its social
urban and rural areas. Through responsible procurement, the Company fulfills its corporate social responsibility and contributes to
commitment.
rural revitalization and shared regional prosperity.
Community–School–Enterprise Collaboration
LUSTER, in collaboration with Henan Mechanical and Electrical Vocational College and Henan Dikuang Vocational
College, launched a Machine Vision Technology Youth Training Program for the public, focusing on
fundamental machine vision knowledge, industrial scenarios, and hands-on factory operation skills. An
integrated training model that combines classroom instruction, on-site practical training, and graduation assessment is
adopted to provide high-quality skill enhancement and employment pathways for members of the public and enrolled
students. The program aims to integrate industry and education through targeted talent cultivation, bringing real
enterprise job requirements into the training stage, effectively alleviating the shortage of skilled talent in the
intelligent manufacturing sector and supporting trainees in achieving high-quality employment. Through
collaborative education between schools and enterprises, the Company actively fulfills its social responsibility,
Charity Donations promotes the precise alignment of educational resources with industrial demand, and contributes to regional talent
development, stable social employment, and the digital transformation of the manufacturing industry.
The Company adheres to the concept of green and low-carbon development, integrates environmental friendliness and efficient
resource utilization into the entire process of production and operations, and continuously advances digitized, intelligent, and
low-carbon operational practices, thereby building an efficient, clean, low-carbon, and circular green operation system through
concrete actions.
Mr. Yao Yi and Ms. Yang Yi, the Company’s actual controllers, actively
practice social responsibility and continuously pay attention to and
support public welfare initiatives for elderly care. Since 2023, the two
have cumulatively donated RMB 4.85 million in their names for the
reconstruction of a nursing home, creating a safe and comfortable
living environment for elders without family support and providing solid
financial support for the rebuilding of the nursing home. The project has
improved the quality of life of elders without family support while also
reflecting the core management team’s deep concern for social well-
being, contributing to the advancement of public welfare.
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
ESG Strategy and Management
Appendix I Key Performance Data
Knowledge and Reasons are Our Arms to Embrace the World!
Development Ecosystem Win Culture Harmonious Homeland Together
Key Operational Performance Key Performance Indicators Unit 2023 2024 2025
Key Performance Indicators Unit 2023 2024 2025 Waste Diverted from Disposal
Direct economic value RMB 1 million 2,641 2,234 2,912 Hazardous Waste Recovered and Utilized Tons 0 0 0
Total Assets RMB 1 million 5,085 5,459 6,229 Hazardous Waste Transferred for Preparation for Reuse Tons 0 0 0
Cash Dividends (Including Share Repurchase Amount) RMB 1 million 50 164 51
Hazardous Waste Transferred for Recycling Tons 0 0 0
(Repurchases + Dividends) / Operating Revenue % 31% 153% 32%
Non-hazardous Waste Recovered and Reused Tons 3.6 2.8 3.9
Basic Earnings per Share RMB/Share 0.35 0.23 0.35
Non-hazardous Waste Transferred for Preparation for Reuse Tons 0 0 0
Environmental Performance Indicators
Non-hazardous Waste Transferred for Recycling Tons 3.6 2.8 3.9
Key Performance Indicators Unit 2023 2024 2025
Waste Diverted from Disposal
Total Greenhouse Gas Emissions tCO₂e 2,820 2,770 5,413
Total Waste Directed to Disposal (Including Transfers) Tons 3.8 3.0 6.7
Scope 1 tCO₂e 232 280 279
Hazardous Waste Disposed off by Incineration (with Energy
Scope 2 tCO₂e 2,588 2,490 5,134 Tons 0.2 0.2 2.8
Recovery)
Energy Consumption Hazardous Waste Disposed off by Incineration (without Energy
Tons 0 0 0
Tons of Standard Recovery)
Direct Energy Consumption 127 154 133
Coal Hazardous Waste Disposed off by Landfill Tons 0 0 0
Gasoline Litre 26,260 28,250 27,183 Amount of Non-hazardous Waste Disposed Off Tons 0 0 0
Diesel GJ 0 0 0 Amount of Non-hazardous Waste Disposed Off Through
Tons 0 0 0
Incineration (With Energy Recovery)
Natural gas m3 81,632 102,041 102,041
Amount of Non-hazardous Waste Disposed Off Through
Tons of Standard Tons 0 0 0
Indirect energy consumption 500 481 992 Incineration (Without Energy Recovery)
Coal
Water Resources
Total Waste Generated (Scope: Production Factories) Tons 3.8 3 6.7
Total water withdrawal (overall) Tons 13,158 12,421 28,120
Non-hazardous Waste Generated Tons 3.6 2.8 3.9
Total wastewater discharge (factories) Tons 6,206 6,209 10,362
Card-boards Tons 1.3 1 1.3
PH Dimensionless 7.4-7.5 8.1 7.2
Plastics Tons 0.8 0.6 0.8
Pallets Tons 1.5 1.2 1.8 Suspended solids mg/L 38 9 62
Hazardous Solid Waste Generated Tons 0.2 0.2 2.8 CODcr mg/L 299 44 79
Spent activated carbon filters Tons 0.006 / / Ammonia nitrogen mg/L 24.6 30.9 0.3
Spent packaging drums Tons 0.01 0.006 / Total phosphorus mg/L 3.61 3.14 2.92
Spent rags and discarded circuit boards Tons 0.2 0.03 / Number of administrative penalties related to the Company's
/ 0 0 0
wastewater discharge
Spent cutting fluid Tons / 0.2 2.8
Amount of Environmental Protection Investment RMB 10,000 9.6 4.4 21.9
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
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ESG Strategy and Management
Development Ecosystem Win Culture Harmonious Homeland Together
Key Performance Indicators Unit 2023 2024 2025 Key Performance Indicators Unit 2023 2024 2025
Supply Chain Management Male / 356 220 321
Total number of key suppliers / 63 60 74 Female / 60 48 41
Overseas suppliers / 240 151 159 Aged 40 and above / 21 17 31
China-based suppliers / 1,496 1,074 1,154 Aged 31 40 (including 40) / 117 97 123
Service suppliers / 45 65 60 Aged 30 and below / 278 154 208
Main raw and auxiliary material suppliers / 1,691 1,160 2,220 Doctoral Degree Holders / 0 2 0
Supplier Training / 28 30 21 Master's Degree Holders / 133 40 51
Supplier audits / 22 44 48 Bachelor's Degree Holders / 144 137 196
Proportion of Suppliers Signing the Anti-Corruption Holders of Associate Degree and below / 139 89 115
% 66% 90% 95%
Agreement Employee turnover rate % 22.17% 21.08% 22.20%
Safety Agreement Signing Rate % 81% 90% 95%
Male employee turnover rate % 22.79% 21.49% 23.54%
Quality Management
Female employee turnover rate % 19.78% 19.41% 16.80%
Product recall rate % 0 0 0 Aged 40 and above % 21.33% 15.48% 14.21%
Product yield rate (standard products) % 98.82% 99.56% 99.20% Aged 31 40 (including 40) % 19.27% 20.29% 20.72%
Customer Satisfaction % 90% 91% 91% Aged 30 and below % 26.64% 24.44% 30.95%
Customer complaint handling rate % 100% 100% 100% Parental Leave
Number of Product Quality Improvements / 1,462 1,446 1,687 Total Number of Employees Taking Maternity Leave and
/ 107 133 124
Paternity Leave
Number of Product Quality Closed-loops / 1,345 1,360 1,569
Number of employees taking paternity leave (males) / 85 100 80
Closure Rate for Product Quality Problems % 92% 94% 93%
Number of employees taking maternity leave (females) / 22 33 44
Employees
Total number of employees returning to work after leave / 107 132 123
Total number of employees / 1,981 1,850 1,896
Number of employees returning to work after leave (Males) / 85 100 79
Male / 1,584 1,479 1,521
Number of employees returning to work after leave (Females) / 22 32 44
Female / 397 371 375
Employee Health and Safety
Aged 40 and above / 199 179 359 Percentage of employee social security coverage % 100% 100% 100%
Aged 31 40 (including 40) / 1,131 1,035 1,033 Percentage of employees with supplementary medical insurance % 100% 100% 100%
Aged 30 and below / 651 636 504 Number of work-related injuries / 0 5 3
Doctoral Degree Holders / 17 18 16 Number of work-related deaths / 0 0 0
Master's Degree Holders / 503 462 499 Employee Training
Bachelor's Degree Holders / 829 791 837 Amount of training investment RMB 10,000 188 234 364
Holders of Associate Degree and below / 632 579 594 Total training hours Hour 22,946 23,548 18,832
Total number of new employees / 416 268 362 Total number of trainees / 2,068 2,459 1,903
知识和理性是我们事业腾飞的翅膀 Innovation-Driven Building a Compliance Fostering a Win- Building a Green and
Knowledge and Reasons are Our Arms to Embrace the World!
ESG Strategy and Management
Key Performance Indicators Unit 2023 2024 2025 Development EcosystemIndicators
Key Performance Win Culture
Unit Harmonious
Number of online participants / 1,443 1,948 1,903 Specialized Committees / 13 14 12
Number of offline participants / 625 511 579 Number of directors / 9 9 9
Middle and senior managers / 82 94 61 Proportion of external directors % 56% 56% 56%
Ordinary employees / 1,500+ 1,600+ 1,600+ Proportion of independent directors % 33% 33% 33%
Number of new lecturers during the year / 8 10 8 Percentage of female directors % 22% 22% 22%
Technological Innovation Investor Relations
Amount of R&D investment RMB 1 million 460 444 511 Large-scale public briefings / 3 3 3
R&D investment as a percentage of revenue % 17% 20% 18% Small-scale investor communication meetings / 80+ 50+ 100+
R&D members / 777 735 687 Annual Number of Investors Received / 600+ 550+ 850+
Proportion of R&D members % 39% 40% 36% Investor Hotline Answering Rate % 100% 100% 100%
Doctoral Degree Holders % 1.42% 1.63% 1.46% Answering Questions in Easy Interaction / 159 117 86
Master's Degree Holders % 46% 44% 41% Total number of external disclosure announcements / 159 174 211
Holders of Bachelor’s Degree and below % 53% 54% 57% Number of periodic reports disclosed / 4 4 4
Number of New Patents / 199 181 139 Number of interim announcements disclosed / 79 96 103
Cumulative Number of Patents / 709 799 895 Number of voluntary disclosure announcements / 3 1 5
Cumulative Invention Patents / 311 387 484 Anti-corruption Governance and Training
Cumulative Utility Model Patents / 344 381 379 Number of training sessions on anti-corruption / 6 4 10
Number of employees participating in anti-corruption
Cumulative Design Patents / 54 31 32 / 96 231 458
training
Total hours of anti-corruption training received by
Cumulative Software Copyrights / 263 288 307 Hour 100 462 900
employees
Key Governance Performance Number of corruption reports received / 3 2 2
Shareholders' Meeting / 4 2 4 Annual anti-corruption projects / 2 1 2
Board of Directors / 9 11 12 Total number of confirmed corruption incidents / 1 1 1
Board of Supervisors / 9 9 5 Confirmed corruption related lawsuits / 1 0 0
Index of Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of. Listed Companies -
Sustainability Report (Trial)
Dimension No. Topic Corresponding Clause Section
Environment
Society 13 Supply Chain Security Article 45 Innovation-Driven Development—Co-creating a Value Supply Chain
Governance
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