Ananda Drive Techniques (Shanghai) Co., Ltd.
：
STOCK CODE 603350.SH Environmental, Social
and Governance Report
CONTENTS
About This Report 03 About Ananda 07 Key Performance Indicators 65
Chairman’s Statement 05 Business Scope 08 Benchmarking Index 67
Global Presence 09 GRI Standards Index 69
Milestones / Honors and Awards 11 Reader Feedback 77
Sustainability
Environment
Social
Governance
Sustainability Governance 20 Climate Change Response 28 Employee Rights and Development 37 Corporate Governance 63
Stakeholder Engagement 21 Resource Utilization 31 Technological Innovation & Product 48 Business Ethics and Risk Management 64
Responsibility
Materiality Assessment 23 Pollution and Waste Management 32 Investor Relations 64
Supply Chain Sustainability 57
Green Operations 33
Social Contribution 59
Circular Economy 35
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
About This Report
This is the inaugural Environmental, Social and Governance (ESG) report released by Ananda Drive Techniques (Shanghai) Co., Ltd. and its subsidiaries (hereinafter referred to as “Ananda”, “the Company” or “we”). The report
aims to systematically disclose the company’s philosophy, practices, performance, and future plans in sustainable development, responding to the expectations of stakeholders and actively embracing the opportunities and
challenges brought by sustainable development.
Reporting Boundary Compilation Basis
The reporting period is from January 1, 2025, to December 31, 2025, aligning with the Company’s annual report cycle. To enhance This report is primarily compiled with reference to the following standards and guidelines:
comparability, some content appropriately traces back to previous years. 1. Shanghai Stock Exchange’s “Self-Regulatory Rules for Listed Companies No. 14 – Sustainability Report (Trial)” (April 2024)
The report is centered on Ananda Drive Techniques (Shanghai) Co., Ltd., covering its main subsidiaries within the consolidated
(Revised January 2026)
financial statements. Among them, Ananda Drive Technology (Jiangsu) Co., Ltd. (“Jiangsu Factory”), as the Company’s largest
production base, is the focus of environmental performance disclosure in this report. The financial data aligns with the scope of the
Company’s 2025 Annual Report. In addition, the compilation process also referenced the following standards:
Global Reporting Initiative (GRI) “Sustainability Reporting Standards” (GRI Standards)
International Sustainability Standards Board (ISSB) “IFRS S2 Climate-related Disclosures”
Information Sources
United Nations Sustainable Development Goals (SDGs)
Task Force on Climate-related Financial Disclosures (TCFD) Recommendations
Data disclosed in this report is sourced from:
Chinese Academy of Social Sciences “China Corporate Sustainability Reporting Guide (CASS-ESG 6.0)”
o The Company warrants that the contents of this report contain no false records, misleading statements, or material omissions.
Disclaimer
Report Availability
This report is compiled in accordance with the laws, regulations, and development strategies applicable in the jurisdictions where
Ananda operates. Its content is based on the performance in environmental, social, and governance (ESG) aspects up to the reporting
The electronic version of this report can be accessed on the Shanghai Stock Exchange website (www.sse.com.cn) and the company’s date, incorporating all reliable data and information. This report is for stakeholders’ reference only and does not constitute any
official website (www.ananda-drive.com). investment or decision-making advice.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Chairman’s Statement
In the innovation dimension, we envision the future blueprint with “intelligent drive.” We firmly believe technological innovation is key to
addressing sustainable development challenges. In 2025, the Company continued to strengthen R&D investment, with R&D expenses reaching
of profound changes in the global economic landscape and the convergence of sustainable
RMB 76.06 million and the R&D team expanding to 249 members. Our innovation focuses not only on improving the energy efficiency and
development and the wave of intelligence, we not only achieved steady growth in operating
reliability of the motor unit itself but also strategically explores the deep integration of Artificial Intelligence (AI) and drive technology. Through
performance but also took a critical step forward in systematically building an ESG management
algorithm optimization and intelligent control, we are committed to enhancing the overall efficiency, adaptive capability, and user experience of
system and advancing technology-driven, long-term value creation.
electric drive systems. Concurrently, through platforms like our controlling subsidiary ANDBot, we actively explore cutting-edge fields such as
embodied intelligent robots, extending the Company’s core capabilities in precision drive, sensing, and control to broader intelligent application
As a core global supplier of electric drive systems for electric two-wheelers, we consistently
scenarios, aiming to incubate new growth curves for the future. The recognition of the Company’s “BLDC-D, BLDC-E Permanent Magnet
uphold the mission of “eDriveALL, Empowering Everything.” We deeply understand that the
Brushless DC Motors” as Shanghai High-Tech Achievement Transformation Projects is strong evidence of our commitment to innovation-driven
Company’s value is reflected not only in providing efficient and reliable green drive solutions for
development.
global users but also rooted in the profound impact we generate on stakeholders, the
environment, and society by operating in a responsible and innovative manner. Therefore, deeply
In the social dimension, we regard “people” as the most valuable asset. The Company’s sustainable and healthy development relies on the
integrating the philosophy of ESG and cutting-edge technology R&D into the entire process of
dedication and wisdom of all employees. We strive to safeguard employees’ rights and interests, building a safe, healthy, and inclusive work
Company strategy and operations is not only a response to regulatory and market expectations
environment. The Jiangsu Factory obtained Occupational Health and Safety Management System (ISO 45001) certification within the year. We
but also an inherent requirement for Ananda to build its future core competitiveness.
pay even greater attention to employee growth, enabling employees and the Company to develop together through comprehensive training
systems and incentive mechanisms. Meanwhile, we actively fulfill social responsibilities, creating jobs through industrial investment in Jinzhai,
Over the past year, guided by strategy, we have solidified the foundation for sustainable Anhui, and giving back to society through charitable donations, committed to becoming a respected and excellent corporate citizen.
development. We formally elevated ESG governance to the Board level, established the Strategy
and ESG Committee, and built a complete management closed loop from decision-making and In the governance dimension, we adhere to the operational bottom line of “compliance and integrity.” Sound corporate governance is the ballast
execution to assessment. We systematically conducted a “double materiality” analysis, for the Company’s steady progress. We continuously improve the governance structure consisting of the Shareholders’ General Meeting, the
accurately identifying core issues critical to the Company’s long-term development, such as Board of Directors, and the management, operating standardly and enhancing decision-making scientificity. We uphold business ethics,
climate change, technological innovation, and supply chain responsibility, and used this to guide enforcing a “zero-tolerance” policy towards corruption through stringent systems and accessible reporting channels. We attach great
resource allocation and action planning. importance to information disclosure and investor communication, earning the market’s long-term trust through transparency.
In the environmental dimension, we fulfill our low-carbon commitment through “green The release of this first ESG report is a milestone and, more importantly, a new starting point. It not only reviews our past exploration and
operations.” Facing the national “Dual Carbon” strategic goals, we took proactive action, practice in sustainable development and technological innovation but also represents a solemn commitment to the future. Looking ahead, we
designating the Jiangsu Factory as the pioneer for green manufacturing transformation. By will continue to deepen the integration of green technology and intelligent algorithms, promoting the transformation of global transportation
conducting ISO 14064 carbon verification for two consecutive years and completing specific modes with more efficient, intelligent, and lower-carbon electric drive products. We will continuously optimize ESG governance, more
product carbon footprint certifications, we clearly defined our carbon footprint and explored comprehensively integrating sustainability into investment decisions, supply chain management, and daily operations. We will persistently listen
emission reduction pathways. In 2025, the Jiangsu Factory achieved a significant breakthrough in to all voices and work hand in hand with all stakeholders.
operational-level renewable energy use through distributed photovoltaics and Green Electricity Ananda Drive Techniques (Shanghai) Co., Ltd.
Certificates, and was honored with the title of “Jiangsu Provincial Green Factory.” This is not only The road ahead is long and challenging, but perseverance will lead to the destination. Ananda will, with firm determination and solid action, drive
an honor but also a milestone in implementing our philosophy of “intensive land use, clean technological innovation, empower a green future, and achieve the Company’s long-term, sustainable, and high-quality development in
production, and low-carbon energy.” harmonious coexistence with society. Chairman:
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
About Ananda Business Scope
Ananda focuses on the R&D and manufacturing of the entire
Ananda Drive Techniques (Shanghai) Co., Ltd. was founded on September 6, 2011. The electric drive system industry chain. Its core products include
two major powertrain systems: hub motors and mid-drive
company specializes in the R&D and manufacturing of the entire industrial chain of electric
motors, complemented by self-developed intelligent
drive systems, with its headquarters located in Shanghai, China. Ananda was listed on the controllers, high-precision sensors, and human-machine
Main Board of the Shanghai Stock Exchange in July 2024 under the stock code: 603350.SH. interface displays, forming a complete electric drive
solutions. Products primarily serve mainstream two-wheel
Mission Vision Values mobility markets such as electric bicycles, e-bikes, electric
motorcycles, and electric scooters, while also expanding into
emerging fields like smart mobility, smart yard, and intelligent
service robots. Through years of technological R&D
accumulation, production, and sales practice, the company
Mission
has built vertical capabilities from core component R&D to
system integration manufacturing, becoming one of the few
eDrive ALL enterprises in the industry possessing independent R&D,
design, and production capabilities for the entire chain of
electric drive systems including motors, controllers, sensors,
and displays.
Vision
Becoming the “Global Leading Expert in eDrive Solutions.”
Values
Customer First Win-Win Cooperation
Continuous Innovation Team Spirit
Commitment & Execution Integrity & Passion
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Global Presence
Guided by the strategic directive of “Global Market Layout,” the
company has built a solid global market foundation, evolving from
product export to brand export, manufacturing export, and service
export.
Following production bases in Tianjin, Jiangsu, and Anhui, both the
Vietnam factory and the Huizhou, Guangdong factory were
officially put into operation in 2025. The Vietnam factory
strategically targets European and American markets, capable of
meeting customer requirements for localized Southeast Asian
delivery and origin certification. The globalized production capacity
layout (China, Vietnam, Hungary) has significantly enhanced the
company’s order delivery flexibility, resilience, and risk resistance.
Building on this, the company has established a comprehensive
service system in Europe, North America, and Asia. A multilingual
call center was set up in the Netherlands, a European service
headquarters and maintenance center in Hungary, and local service
stations in Italy, France, Denmark, Poland, the USA, Japan, Brazil,
and other locations. This network ensures brands and dealers
receive rapid technical support, parts supply, and professional
repair services, greatly enhancing customer satisfaction and
loyalty.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Milestone
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Awards & Recognitions
Government and Industry Association Awards Government and Industry Association Awards
Honor Name Issuing Authority Honor Name Issuing Authority
National-level Specialized, Sophisticated, Innovative, and Emerging
Ministry of Industry and Information Technology WISE 2025 36Kr WISE Annual Digital Efficiency Enhancement
(SSIE) "Little Giant" Enterprise 36Kr
Enterprise
Ministry of Human Resources and Social Security, National
Postdoctoral Research Workstation
Postdoctoral Committee 2025 15th Capital Market Honors Ceremony - Listed Companies
Reputation Awards Outstanding Leading Figure of Listed National Business Daily
High-Tech Enterprise Shanghai Municipal Science and Technology Commission Companies, Listed Company with Outstanding
Municipal Commission of Economy and Informatization, 2025 CHINA CYCLE Innovation Award Gold Prize Organizing Committee of China International Bicycle Fair
Shanghai Enterprise Technology Center
Shanghai Municipal Office, State Taxation Administration
Shanghai Municipal Commission of Economy and Advanced Unit of China Electronic Components Industry
Shanghai Manufacturing Single Champion Enterprise China Electronic Components Industry Association
Informatization Association
Shanghai Private Enterprise Headquarters Office of Shanghai Municipal Commission of Commerce Jiangsu Key Cultivated and Developed Internationally Renowned
Jiangsu Provincial Department of Commerce
Brand
Jiangsu Provincial Department of Industry and Information
Jiangsu Provincial Green Factory 2024 Excellent Supplier in China Motorcycle Industry China Quality Certification Centre & CCIC Western Inspection Co., Ltd.
Technology
Jiangsu Provincial Department of Industry and Information
Four-Star Cloud-Using Enterprise
Technology
Southeast University Employment Internship Practice Base School of Electronic Science and Engineering, Southeast University
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Awards & Recognitions
Achievement Transformation Management System Certifications
Honor Name Issuing Authority
Honor Name Issuing Authority
High-Tech Achievement Transformation BLDC-D
Shanghai Municipal Science and Technology Commission
Permanent Magnet Brushless DC Motor ISO 9001 Quality Management System Certification SGS
High-Tech Achievement Transformation BLDC-E
Shanghai Municipal Science and Technology Commission
Permanent Magnet Brushless DC Motor
ISO 14001 Environmental Management System WIT Certification
ISO 45001 Occupational Health and Safety Management System WIT Certification
ISO 50001 Energy Management System WIT Certification
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
● 1.1 Sustainability Governance
○ 1.1.1 Board of Directors
○ 1.1.2 ESG Executive Working Group
○ 1.1.3 Business and Functional Departments
● 1.2 Stakeholder Engagement
○ Key Topics of Concern and Communication Channels (Table)
○ Communication Mechanism (Coordinated Management, Needs
Assessment and Response, Results Feedback and Disclosure,
Continuous Improvement)
● 1.3 Materiality Analysis
○ 1.3.1 Identification
○ 1.3.2 Assessment
○ 1.3.3 Confirmation (Materiality Matrix)
Sustainability
Management
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Sustainability Governance
Board of Directors
Assumes responsibility for ESG management, approving the company’s ESG strategy, objectives, and major matters, and overseeing
ESG performance. The Board has established a Strategy and ESG Committee to assist in guiding ESG work, reviewing the ESG report,
and identifying and assessing material ESG issues and risks.
ESG Execution Task Force
Headed by senior company management, with participation from heads of core functional departments (e.g., Operations, R&D, Supply
Chain, Human Resources, Finance), responsible for coordinating internal and external resources, promoting the implementation of
specific ESG projects, data collection, and performance tracking.
Business and Functional Departments
Implement ESG requirements in daily operations, executing specific environmental, social, and governance management measures.
Board of Directors
Ananda has established a three-tier ESG governance
公司将应对气候变化视为核心战略议题，
system comprising the Board of Directors, management,
以江苏工厂为试点，系统推进碳管理工
and executive departments to ensure effective oversight Strategy and ESG Committee
作。
and execution of sustainability matters.
ESG Execution Working Group
Sustainability
Management Sustainability Management Team Safety, Environmental Protection,
and Firefighting Management Team
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Stakeholder Engagement
We value communication with all stakeholders, understanding their expectations Communication Mechanism
and demands through multiple channels, and using this as crucial input for
improving our ESG management.
Stakeholder Main Concerns Main Communication and Response Channels
Integrated Management ：Departments such as the ESG Execution Task Force and the Board Office collaborate to collect and organize
external communication information, regularly reporting main issues and improvement suggestions to the Board and management,
establishing standardized workflow.
Government & Compliance Operation, Environmental Protection, Policy Reporting, Compliance Declarations,
Regulators Economic Development Government-Enterprise Cooperation
Demand Assessment and Response ： Conduct comprehensive assessments on collected stakeholder demands and expectations,
formulating targeted solutions based on factors like alignment with corporate strategy, issue urgency, and impact scope; for issues
with wide coverage and high implementation difficulty, form task forces or initiate projects for focused effort.
Periodic Reports, Shareholders’ Meetings,
Shareholders & Corporate Governance, Financial Performance,
Announcements, Official Website, Earnings
Investors Long-term Value, ESG Risks
Briefings
Outcome Feedback and Disclosure ： Regularly disclose communication outcomes and improvement progress through internal
announcements, external public platforms, ESG reports, etc.; for major or urgent issues, promptly issue notices or press releases after
achieving phased progress, continuously strengthening the trust bond with all stakeholders.
Product Quality, Innovation, Service Technical Exchange, Business Negotiation,
Customers
Responsiveness, Product Carbon Footprint After-sales Service, Satisfaction Surveys
Continuous Optimization ： The Company, considering the dynamic changes in stakeholder needs and the market environment,
regularly reviews the effectiveness of communication strategy implementation, adjusts communication frequency and channel depth
as appropriate, ensuring the ability to respond quickly to external demands.
Occupational Health & Safety, Compensation & Internal Meetings, Employee Training,
Employees
Benefits, Training & Development Satisfaction Surveys, Labor Union
Fair Cooperation, Business Ethics, Stable Supplier Audits, Regular Communication, Code
Suppliers
Partnership of Conduct Education
Community Contribution, Philanthropy, Official Website, Community Engagement,
Community & Public
Environmental Friendliness Charitable Donations
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Materiality Assessment
Governance Social Environmental
High
To determine the ESG issues most relevant to the Company and its stakeholders, we conducted a
Climate Change Response
systematic “double materiality” analysis in 2025. This analysis concurrently assessed the “financial
Technological Innovation &
materiality” of each issue (impacting corporate financial performance, cash flow, financing costs, Product Responsibility
etc.) and its “impact materiality” on the economy, society, and environment. Supply Chain Sustainability
Analysis Process
Energy Utilization
Water Resource Utilization Employee Rights &
： Referencing SSE guidelines, GRI standards, and industry practices, preliminarily identified multiple potential issues
Financial Materiality
Identification Development
Environmental Compliance
covering environmental, social, and governance dimensions. Management Occupational Health & Safety
Circular Economy Risk Management
Assessment ： Evaluated the financial materiality of each issue through internal management interviews and surveys; assessed its Data Security & Privacy Protection
impact materiality through channels like customer communication, investor exchanges, combined with industry trends. Corporate Governance Structure &
Operation Mechanism
Confirmation ：Mapped the analysis results into a “Materiality Matrix” and submitted it to the Board’s Strategy and ESG Committee Business Ethics
for review and confirmation. Shareholder Rights Protection &
Investor Relations
Stakeholder Communication
Category Issues
Climate Change Response, Energy Utilization, Water Resource Utilization, Pollutant Emissions, Waste
Environmental
Management, Environmental Compliance Management, Circular Economy
Social Contribution Pollutant Emissions
Employee Rights & Development, Occupational Health & Safety, Technological Innovation & Product
Social Responsibility, Supply Chain Sustainability, Data Security & Privacy Protection, Social Contribution, Rural Rural Revitalization Waste Management
Revitalization
Corporate Governance Structure & Operation Mechanism, Business Ethics, Risk Management, Shareholder
Governance Impact Materiality High
Rights Protection & Investor Relations, Stakeholder Communication
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
● 2.1 Climate Action
○ 2.1.1 Governance
Green Operation ○ 2.1.2 Strategy
○ 2.1.3 Impact, Risk and Opportunity Management
○ 2.1.4 Metrics and Targets (GHG Emissions, Emission Reduction Initiatives)
● 2.2 Resource Utilization
Low-Carbon Future ○ 2.2.1 Energy Utilization
○ 2.2.2 Water Resource Utilization
● 2.3 Pollution and Waste Management
● 2.4 Green Operations
○ 2.4.1 Green Factory
○ 2.4.2 Establishment and Improvement of Environmental Management System
● 2.5 Circular Economy
Performance
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Climate Change Response
Governance
The Board’s Strategy and ESG Committee oversees climate change-related matters. Management drives the implementation of
specific emission reduction measures through the ESG Execution Task Force.
Strategy
We have preliminarily formulated a carbon reduction strategy, following the green factory development philosophy of “intensive land
use, non-hazardous raw materials, clean production, waste resource utilization, and low-carbon energy,” promoting green
manufacturing transformation in phases. The goal is to achieve carbon neutrality at the operational level (Scope 1 and 2) for the
Jiangsu Factory by 2027, and actively explore reduction pathways across the entire value chain (Scope 3).
Impact, Risk, and Opportunity Management
： Referencing the TCFD framework, we identified transition risks (e.g., stricter carbon emission regulations
Risk Identification
increasing compliance costs, shifting customer preference towards low-carbon products) and physical risks (e.g., impact of extreme
weather events on production facilities). Following industry best practices, we plan to conduct qualitative climate scenario analysis in
the future to assess potential impacts under different temperature control pathways.
The Company regards climate change response
as a core strategic issue, systematically Opportunity Capture ：Growth in market demand for high-efficiency electric drive products, green finance support, and helping
advancing carbon management with the downstream customers reduce emissions by improving product energy efficiency present development opportunities for the
Company.
Jiangsu Factory as the pilot.
Environmental
Benefits
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Metrics and Targets
Emission Reduction Initiatives
Renewable Energy
Greenhouse Gas Emissions
By purchasing GECs, Completed in 2018, the Jiangsu The Jiangsu factory generates an
the company offset its Scope 1 & 2 emissions factory operates a rooftop PV annual electricity output of
by over power station of
In 2025 Accounts for
Renewable energy covers the
The factory procured Green Factory's total electricity
factory's total building electricity
Electricity Certificates (GECs) consumption
consumption at
years to complete greenhouse gas emissions accounting and verification according to ISO 14064 standard.
disclosed upon completion.
Product Carbon Footprint
Following the ISO 14067 standard, a carbon footprint assessment was conducted for the M100
series mid-drive motor product, obtaining a Product Carbon Footprint certificate issued by the
internationally authoritative certification body Bureau Veritas.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Resource Utilization Pollutant and Waste Management
Energy Utilization
The Jiangsu Factory established
and obtained ISO 14001
Environmental Management
The Jiangsu Factory established System certification in 2025.
and obtained ISO 50001 Energy
Management System certification
in 2025.
added value are both better than the average level of Wuxi’s electric motor manufacturing industry. The company achieves condition monitoring; domestic sewage is discharged into the municipal pipe network after pre-treatment. During the reporting period,
continuous energy conservation through measures like green lighting retrofits and using high-efficiency, energy-saving equipment no major environmental pollution incidents occurred, and all discharges complied with standards.
(e.g., air compressors with energy efficiency grade 2 or above).
Water Resource Utilization ：
Waste Management Classified storage is implemented; hazardous waste is entrusted to qualified units for compliant disposal.
During the reporting period, the compliant disposal rate for hazardous waste was 100%.
The company’s penetration rate of water-saving fixtures reaches 100%, and efforts are made to improve water resource
utilization efficiency through measures like water recycling and water-saving equipment retrofits.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Green Operations
Green Factory Establishing and Improving the
| 绿色工厂 | Environmental Management System
Through active work in production and operation, the Jiangsu Factory was rated as a “Jiangsu Provincial Green Factory” The company strictly adheres to relevant environmental laws and regulations, including the Environmental Protection Law of the
in 2024. People’s Republic of China, Air Pollution Prevention and Control Law, Water Pollution Prevention and Control Law, Solid Waste
Pollution Environment Prevention and Control Law, Environmental Noise Pollution Prevention and Control Law, and Environmental
Impact Assessment Law. It continuously advances the construction of the environmental management system and the
standardization of management capabilities. The company has obtained four international standard system certifications: ISO
Management System, and ISO 50001 Energy Management System.
The company’s environmental management system comprehensively covers all product-related activities, all units, and functional
departments, encompassing the R&D, design, and manufacturing of various motors and electric controls, ensuring that all
operational activities fully comply with the requirements of ISO 14001:2015.
Thus, the company has built a standardized management system covering the quality-safety-environment-energy quad, ensuring
international standard consistency for products and services.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Circular Economy
Ananda actively practices the philosophy of circular economy, striving to build a closed-loop management model of “resource → product → waste → renewable resource” in production and operation by strengthening waste
control and improving resource recycling efficiency. In 2025, all types of waste achieved standardized disposal and resource utilization; hazardous waste achieved 100% compliant and safe disposal, and most general solid waste
was incorporated into the recycling system.
The Ananda European Service Headquarters established in Hungary, through professional product repair and refurbishment, extends product life cycles, serving as an exemplary practice of the circular economy concept.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
● 3.1 Employee Rights and Development
○ 3.1.1 Employee Composition
○ 3.1.2 Rights Protection
People-Oriented ○ 3.1.3 Occupational Health and Safety (EHS)
○ 3.1.4 Recruitment and Employment Management
○ 3.1.5 Training and Development
○ 3.1.6 Employee Welfare and Care
Harmonious and Win-Win
○ 3.1.7 Employee Communication and Grievance Mechanisms
● 3.2 Technological Innovation and Product Responsibility
○ 3.2.1 Technological Innovation
○ 3.2.2 Innovation-Driven Development and Intellectual Property Protection
○ 3.2.3 Quality Management
○ 3.2.4 Customer Service Management
○ 3.2.5 Marketing and Brand Management
○ 3.2.6 Customer Privacy Protection
○ 3.2.7 Digital Empowerment
● 3.3 Supply Chain Sustainability
○ 3.3.1 Supplier Admission
○ 3.3.2 Supplier Performance Evaluation
○ 3.3.3 Supplier Collaboration and Empowerment
● 3.4 Social Contribution
○ 3.4.1 Promoting Industry Development
○ 3.4.2 Industry Support and Rural Revitalization
○ 3.4.3 Charity and Philanthropy
Social
Performance
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
The company has established a standardized and reasonable employee governance structure, adhering to fair recruitment, equal
employment, and diversity & inclusion. Through comprehensive employment management, diverse employee communication
mechanisms, and a caring benefits system, it effectively safeguards the legitimate rights and interests of employees, fosters a respectful,
equal, and harmonious employment environment, and promotes the joint growth of the enterprise and its employees. As of December 31,
Employee Composition
Workforce Diversity Profile (2025)
Indicator Name Category Unit 2025 Indicator Name Category Unit 2025
Total number of /
/ Person 1,237 Person 93
employees
Minority employees
Male Person 663 Accounting for % 7.52
By Gender
Female Person 574
/ Person 574
Below 30 Person 312
By Age 31-50 Person 868 Accounting for % 46.4
Above 50 Person 57 Female employees
female senior executive Person 1
Master’s Person 30
Accounts for Senior
Bachelor’s Person 205 % 25
executives
Associate Degree Person 130
By Education / Person 50
High School/Technical Foreign employees
Person 69
Secondary School
Accounting for Person 4.04
Others Person 803
Production Staff Person 787
Technical Staff Person 249
We advocate for an equal, diverse, and inclusive workplace
By Function Sales Staff Person 65 environment, prohibiting child labor and forced labor.
Administrative Staff Person 113
Financial Staff Person 23
Employee Rights
and Development
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Occupational Health and Safety (EHS) In 2025, the company had no major work safety incidents. Through regular safety training and emergency
drills, the company continuously enhances employees’ risk prevention and emergency response capabilities.
The Jiangsu Factory established and obtained
ISO 45001 Occupational Health and Safety
Management System certification in 2025.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Recruitment and Employment Management Training and Development
Ananda always follows labor-related laws and regulations, adheres to the basic principle of fair
employment, and has built a comprehensive recruitment and employment management
system, achieving full-lifecycle management of employees from recruitment, onboarding, in- As of the end of 2025, Ananda's R&D
investment had exceeded
service performance, to separation and retirement. The company relies on diversified channels
for talent recruitment, covering online recruitment platforms, campus recruitment, local job 76,063,825.98 RMB
fairs, etc., combined with multiple methods like headhunters, internal referrals, and external R&D personnel total
referrals to broaden talent acquisition paths. In 2025, the company’s R&D investment was
RMB 76,063,825.98. The R&D personnel
numbered 249, accounting for 20.13% of the Percentage of Total Employees
total employees.
In 2025, the company interviewed
Campus Job fairs, info sessions, university career a total of candidates Training sessions
Recruitment websites
Hired employees The company has established a training system
covering all employees, designing growth paths
Internal Internal referral and internal vacancy
rewarding outstanding-performing employees
Attendances
according to the “Reward and Punishment
Recruitment information published on the OA homepage Labor Contract Signing Rate
System.” Training coverage rate
Special awards for patents, software,
Social Insurance Coverage Rate
standards, and publications were
granted to
Social
Recruitment
Recruitment information published on websites
like Liepin, 51job, Zhaopin
individuals
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Employee Benefits and Care
Ananda, following market principles, attracts and retains excellent talent, establishing a comprehensive and competitive compensation and benefits system dedicated to allowing employees to share in the company’s
development achievements. The company formulated the “Ananda Compensation Management System,” setting up various special incentives and welfare measures, continuously enhancing employees’ sense of gain.
Diverse Subsidies and Employee Care Programs
Life Care Family Care
Financial Subsidies Support for Female Employees Marriage and Childbirth Gifts
Sports and Recreational Activities
Statutory entitlements including maternity leave Marriage gift (wedding allowance)
High-temperature allowance Regularly organized activities such as badminton,
and breastfeeding leave Childbirth gift (baby allowance)
Living cost subsidy cycling, and team-building exercises
Festival gifts distributed to female employees on
Communication subsidy Annual employee sports meet held at each
International Women's Day (March 8)
factory
Housing Support
Free employee accommodation Medical Care and Health Protection
Rental subsidy application support for non- Travel and Leisure
local employees working in Shanghai
Two paid travel days per year, along with travel
expense subsidies Health Prevention Occupational Health Protection
Meals and Transportation Annual regular health check-ups Heat prevention and cooling supplies (for high-
temperature and high-risk operations)
Employee cafeteria
Free shuttle bus service
Festival Benefits (Nationwide holidays)
Festival benefits and traditional cultural activities Patient Care
Work Flexibility distributed during Spring Festival, Mid-Autumn
Festival, Dragon Boat Festival, and other Care visits to employees who are ill or
Flexible working hours system traditional holidays hospitalized
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Employee Benefits and Care
Ananda, following market principles, attracts and retains excellent talent, establishing a comprehensive and competitive compensation and benefits system dedicated to allowing employees to share in the
company’s development achievements. The company formulated the “Ananda Compensation Management System,” setting up various special incentives and welfare measures, continuously enhancing employees’
sense of gain.
Social Security and Standard Employee Benefits
Life Care Family Care
Social Security Living Protection Financial Subsidies Maternity-related Insurance
Pension Insurance Meal subsidy Maternity Insurance
Unemployment Insurance Skill allowance
Housing Provident Fund Travel reimbursement / Business travel
allowance
Tenure-based salary (seniority pay)
Special position allowance
Festival and Commemorative Benefits Medical Care and Health Protection
Holiday benefits
Retirement commemorative gifts
Basic Medical Coverage Special Risk Protection
Medical Insurance Accident Insurance (for employees with frequent
Work-related Injury Insurance business travel)
Employer‘s Liability Insurance
Supplementary Medical Coverage
Supplementary Medical Insurance
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Employee Communication and Grievance
Ananda has established efficient and smooth employee communication mechanisms and
grievance channels, encouraging employees to actively participate in corporate management
and promptly express reasonable demands. The company sets up diversified communication
channels, facilitating conditions for employees to make suggestions to top management.
During the reporting period, no major labor disputes occurred; ordinary labor disputes were
properly resolved through the internal communication and mediation mechanism, causing no
significant impact or loss. The sound grievance system effectively safeguards employees’
right to know, right to participate, and right to appeal, while also helping the company promptly
identify issues and continuously optimize operational management.
Named Feedback
Employees can provide real-name feedback to management at all levels via channels like Enterprise
WeChat/internal email/phone.
Anonymous Feedback
The company has set up an employee opinion mailbox: feedbackhub@ananda-drive.com, allowing
employees to submit various report information to the company anonymously.
Technological
Employee Satisfaction
The company conducts annual employee satisfaction surveys, covering 100% of the total employee
Innovation & Product
count. The company actively makes improvements based on survey results from different departments,
effectively and targeted enhancing employee satisfaction. Responsibility
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Technological Innovation Innovation Drive and
Intellectual Property Protection
R&D investment (past five years)
Total patents held Patent applications filed in 2025
Over RMB
In 2025, the company’s “BLDC-D, BLDC-E Permanent Magnet Brushless DC (as of end of 2025)
Motors” were recognized as Shanghai High-tech Achievement Transformation 285 Million 45
Projects. The company received honors such as the “2025 CHINA CYCLE 133
Innovation Award Gold Prize” and “Shanghai Manufacturing Single Champion
R&D Personnel Patents granted
Enterprise.”
Invention patents 100 Persons 6
National and industry standards Established university-industry collaborations with Southeast University
participated in and other higher education institutions
R&D Personnel
R&D Personnel As a percentage of total employees
By Education 12 118 64 55
Master/PhD Bachelor Associate High school and below
By Age 81 94 66 8
Below 30 30-40 41-50 51-60
R&D Investment
Total RMB As % of Operating Revenue
Patent Projects
Applications in 2025 Grants in 2025
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Quality Management Customer Service Management
he company always regards product quality as the cornerstone of its survival and Ananda always adheres to the “Customer First” service philosophy, building a full-process customer service
development, having obtained ISO 9001 Quality Management System certification (SGS system covering pre-sales, sales, and after-sales, and formulating relevant internal system documents like the
certification), building a quality control system covering the entire R&D and production “Customer Communication and Service Management Procedure.” Through dynamic tiered management,
process. dedicated service mechanisms, and standardized process operation, it continuously enhances customer
service efficiency and standardization levels.
o Product R&D Stage DFMEA tools are used to identify potential quality risks and develop targeted control Customer Communication ： The company highly values customer communication and relationship maintenance, building a
measures. diversified “online + offline” dual-track interaction mechanism, achieving full-process coverage of customer demand integration and
feedback management. Through platforms like industry summits, new product launches, riding events, and professional exhibitions,
the company continuously showcases product and technological advantages while sharing industry development trends.
Customer Satisfaction Survey ： Questionnaire recovery rate: 96%, overall customer satisfaction average score: 124 points, total
possible score
The SQE team conducts supplier qualification audits, and the IQC team ensures that
o Raw Material Procurement incoming materials meet production requirements in accordance with inspection Handling Customer Complaints ：Ananda is customer-centric, having built a comprehensive after-sales service institutional system
standards. featuring multi-channel acceptance, tiered response, closed-loop management, and data review, establishing relevant system
documents like the “Customer Communication and Service Management Procedure.” The company’s official website and global call
center in the Netherlands, supported by the CRM system, serve as the information platform for all after-sales services and
complaints. Upon receiving feedback, the responsible after-sales/complaint department should, in principle, contact the customer
within 2 hours, confirm specific information, propose preliminary cause analysis and initial handling plan. The company highly values
A three-tier inspection system is implemented. Performance and appearance every customer feedback, promptly and effectively resolving issues reported by customers to enhance customer satisfaction.
o Manufacturing Process inspections are carried out for key processes. Some products undergo full
inspection to ensure the product qualification rate meets targets.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Marketing and Brand Management Exhibitions
The company deeply participated in over 12 global top-tier industry exhibitions, including
Eurobike, TaipeiShow, Sea Otter Classic, and China Cycle. Through product displays, test
rides, and media cooperation, it continuously conveys the image of a “high-quality, open,
reliable” electric drive solution expert to B2B brand customers and end consumers. It has
received the “CHINA CYCLE Innovation Award” from the China International Bicycle Fair
organizing committee for two consecutive years.
Riding Events
Velofollies
Eurobike
BIke expo
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Customer Privacy Protection
The company formulated the "Confidentiality Management System" to protect customer and commercial data security. In 2025, no customer privacy breach incidents occurred.
Digital Enablement
The company is committed to building a new data-driven management model through comprehensive digital transformation, supporting efficient business operations and decision-making. The company has been
recognized as one of the "Top 100 Shanghai Private Manufacturing Enterprises" by the Shanghai Enterprise Confederation for two consecutive years.
Building a Digital Ecosystem Platform Across the Entire Business Chain
R&D Innovation Manufacturing System Synergy
The Product Lifecycle Management (PLM) system has been A Smart Manufacturing Execution System (MES) and a Smart Through deep integration of the Human Resources
iteratively upgraded to establish a digital R&D system. Warehouse Management System (WMS) have been Management System (EHR), Enterprise Resource Planning
established, enabling visualized control of the entire (ERP) system, Office Automation (OA) system, and other
production process. platforms, the company has built a digital ecosystem
platform covering the entire business chain of "R&D –
Production – Procurement – Sales – Service."
Promoting Data-Driven and Intelligent Applications
The company continuously advances the interconnection of various systems, forming a new management model featuring automated business data flow, intelligent support for management decisions, and closed-loop optimization of operational
processes. Simultaneously, it actively explores the application of AI technology in scenarios like R&D, production, and office work. By introducing advanced AI technology, it effectively resolves repetitive tasks across systems and platforms, improves
production efficiency, saves labor costs, and provides strong support for the enterprise's digital transformation.
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Supplier Onboarding
The company has established a complete new supplier onboarding process, including supplier sourcing, qualification review, on-site
audit, sample validation, and master data entry into the system. Suppliers must pass rigorous scoring assessments and
standardized approval procedures before being included in the "Qualified Supplier List." For customer-designated suppliers, the
company may prioritize the review process while strictly controlling compliance at key stages, continuously optimizing supplier
resources and ensuring supply chain risk control.
It also incorporates ESG performance as one of the supplier evaluation dimensions, standardizing supplier onboarding, assessment,
and cooperation processes through the "Procurement Management System," paying attention to suppliers' environmental
compliance and sustainable development capabilities, committed to building a responsible and resilient supply chain.
Supplier Performance Supplier Collaboration
Assessment and Empowerment
The company implements standardized, closed-loop The company has established multi-level communication
management of suppliers throughout the entire process. channels with suppliers, including regular follow-ups,
Centered on a supplier tiering pyramid model, suppliers thematic exchanges, and senior-level dialogues,
are classified into four grades (A, B, C, D) based on promoting end-to-end § collaboration from materials and
assessment results, and dynamic tiered management is components to system integration, fully reflecting the
implemented. company's core role in integrating industry resources
and leading technological synergy.
Supply Chain
Sustainability
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Promoting Industry
Development
The company consolidates its technological leadership by spearheading industry ecosystem development. In March 2025, the
company served as a core supporting unit, co-hosting the "E-bike Technology Standards Seminar" with institutions like the China
Bicycle Association, and delivered a keynote speech showcasing the company's breakthroughs in meeting new national standards
and intelligent electric drive technology.
Industrial Assistance Philanthropy
and Rural Revitalization
The company invested in building the Ananda Anhui In 2025, responding to the call for counterpart support
Factory in Jinzhai County, Lu'an City, Anhui Province, from Xiqing District, Tianjin, the company donated RMB
creating job opportunities in the old revolutionary base 10,000 to the Gansu region.
area and contributing to local economic development.
Social
Contribution 60
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
● 4.1 Corporate Governance
● 4.2 Business Ethics and Risk Management
Solidifying the Foundation ○ 4.2.1 Anti-corruption and Anti-unfair Competition
○ 4.2.2 Comprehensive Risk Management
○ 4.2.3 Information Security
● 4.3 Investor Relations
Advancing Steadily
Governance
Performance
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Corporate Governance Business Ethics
and Risk Management
The company has established a corporate governance structure centered on the Anti-Corruption and Anti-Unfair Competition ： The company has issued system documents such as the "Confidentiality
Shareholders' General Meeting, the Board of Directors, and the senior management team, with Management System" and the "Ananda Sunshine Action - Compliance Commitment Letter," making anti-unfair competition a key
clear rights, responsibilities, and standardized operation. area of compliance management, explicitly prohibiting commercial bribery, establishing reporting channels, and stipulating
disciplinary measures including termination of labor contracts for violations. Relevant system documents like the intellectual
Board of Directors
property management system clearly define trade secret protection and intellectual property rights protection against infringement
of trade secrets and unfair competition.
In 2025, the Board of Directors held 9 meetings. The Board consists of 8 directors, including
ESG Committee, Audit Committee, Nomination Committee, and Compensation and Evaluation Comprehensive Risk Management: ： The company has built a risk management system covering multiple dimensions such as
Committee. strategy, operations, compliance, and information security, and has begun incorporating ESG risks into the overall risk framework.
Board meetings held in Total number of Board
Independent directors Female directors information asset management, implementing the principle of least privilege authorization, and protecting company and customer
data security.
Director and Executive Compensation Investor Relations
The company strictly complies with information disclosure rules. The proposed profit distribution plan for 2025 is a cash dividend
In 2025, the total pre-tax compensation received from the company by the current and former of RMB 3.00 per 10 shares (tax inclusive). Combined with the interim cash dividend for 2025, the total cash dividend amounted to
(during the reporting period) directors and senior executives amounted to RMB 4.2757 60.74% of the net profit attributable to ordinary shareholders of the listed company in the consolidated financial statements.
million.
Future Outlook
Looking ahead to 2026, Ananda will continue to deepen its ESG management:
operating sites; continue advancing energy-saving technology retrofits and renewable energy application; fully disclose key environmental data for 2025, such
as air pollutants.
health and safety; increase investment in community public welfare.
strengthen diversified communication with stakeholders.
We firmly believe that responsible enterprises can travel far and steady. Ananda will join hands with all partners, continuously drive green innovation, and co-
create a sustainable future.
Ananda Drive Techniques (Shanghai) Co., Ltd.
Board of Directors
April 2026
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Appendix 1: Key Performance Indicator Table
Economic Indicators Key Indicators Unit 2025 2024 2023
Key Indicators Unit 2025 2024 2023 Scope 1 GHG Emissions tCO₂e 393.34 298.67 206.36
RMB
Operating Revenue 200,428.42 152,834.22 142,747.47 Scope 2 GHG Emissions tCO₂e 3,411.48 2,655.54 2,021.70
GHG Emissions
Net Profit Attributable to Scope 1+2 GHG Emissions tCO₂e 3,804.82 2,954.21 2,228.06
RMB
Shareholders of the Listed 11,503.64 10,995.82 14,791.58
Company
tCO₂e / RMB Million
Scope 1+2 GHG Intensity 1.89 1.93 1.56
RMB Revenue
Total Assets 241,897.75 218,443.89 139,096.94
Industrial Wastewater Volume m? - - -
Water Pollutants
Net Assets Attributable to
RMB Domestic Wastewater Volume m? 25,285 26,358 20,737
Shareholders of the Listed 133,641.97 135,192.98 72,814.88
Company
Direct Energy Consumption tce 11.78 5.88 2.78
Proposed Cumulative Cash RMB
Dividend 10,000
Total Energy Consumption tce 801.96 620.97 471.05
Energy Use
Environmental Indicators Comprehensive Energy tce / RMB Million
Consumption per Unit Revenue Revenue
Key Indicators Unit 2025 2024 2023
Clean Energy Utilization kWh 33.40 30.35 23.54
Environmental Protection Investment RMB 1,080,615.19 549,025.61 446,374.57
Green Factory Certified Area ㎡ 35,959.46 - -
Wastewater, Waste Gas, Noise Emission Compliance % 100 100 100
Rate
Number of General and Major Environmental Incidents Count - - -
Hazardous Waste Compliant Disposal Rate % 100 100 100
ISO 14001 Certifications Count 1 - -
Environmental and Safety Training Sessions Count 17 14 11
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Dimension No. Disclosure Requirements Corresponding Chapter in This Report
Appendix 2 1 Climate Change Response Climate Change Response
《Mapping to SSE Self-Regulatory Rules No. 14 – Sustainability 3 Waste Management Pollutant and Waste Management
Report (Trial) 》
Environment
Technological Innovation & Product
Responsibility
Social
Technological Innovation & Product
Responsibility
Data Security and Customer Privacy Technological Innovation & Product
Protection Responsibility
Stakeholder Communication, Materiality
Assessment
Governance
Anti-Commercial Bribery and Anti-
Corruption
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Appendix 3: GRI Standards Index
GRI Standard Disclosure Corresponding Chapter in This Report GRI Standard Disclosure Corresponding Chapter in This Report
Sustainability Governance
strategy
About This Report
sustainability reporting
Organization and its
reporting practices 2-3 Reporting period, frequency and contact point About This Report, Reader Feedback
Strategy, policies and
About Ananda Stakeholder Engagement
relationships 2021 raising concerns
Activities and workers 2-7 Employees Employee Rights and Development 2-27 Compliance with laws and regulations Sustainability Governance
Corporate Governance
governance body
General Disclosures
Corporate Governance
overseeing the management of impacts
GRI 3: Material Topics 2021 3-2 List of material topics Materiality Analysis
Corporate Governance
impacts
Sustainability Governance 201-1 Direct economic value generated and Please refer to the Company's 2025 Annual
sustainability reporting
distributed Report
Governance
Climate Action
opportunities due to climate change
Employee Rights and Development
Corporate Governance, Sustainability Governance
governance body
Not applicable
Sustainability Governance
governance body
Not applicable
GRI 202: Market Presence 2016
Not applicable
from the local community
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Appendix 3: GRI Standards Index
GRI Standard Disclosure Corresponding Chapter in This Report GRI Standard Disclosure Corresponding Chapter in This Report
Social Contribution Resource Utilization
supported organization
GRI 203: Indirect Economic Impacts 2016
organization
GRI 204: Procurement Practices 2016 204-1 Procurement practices Supply Chain Sustainability 302-3 Energy intensity Resource Utilization
GRI 302: Energy 2016
Not applicable 302-4 Reduction of energy consumption Resource Utilization
corruption
GRI 205: Anti-corruption 2016 Business Ethics and Risk Management Resource Utilization
corruption policies and procedures products and services
Business Ethics and Risk Management Resource Utilization
actions taken resource
GRI 206: Anti-competitive Behavior 2016 Business Ethics and Risk Management
behavior, anti-trust, and monopoly practices impacts Management
GRI 303: Water and Effluents 2018 303-3 Water withdrawal
Management
management Risk Management 303-4 Water discharge
Management
GRI 207: Tax 2019
Stakeholder Engagement 303-5 Water consumption
management of concerns related to tax Management
Not applicable
managed in, or adjacent to protected areas
Not applicable
products, and services on biodiversity
GRI 304: Biodiversity 2016
GRI 301: Materials 2016 301-2 Recycled input materials used Circular Economy
Circular Economy 304-4 IUCN Red List species and national
packaging materials
conservation list species with habitats in Not applicable
areas affected by operations
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
GRI Standard Disclosure Corresponding Chapter in This Report
Appendix 3: GRI Standards Index 306-1 Waste generation and significant
Circular Economy
waste-related impacts
GRI Standard Disclosure Corresponding Chapter in This Report Circular Economy
related impacts
Climate Action
emissions
Climate Action
emissions
GRI 305: Emissions 2016 using environmental criteria
GRI 308: Supplier Environmental Assessment 2016
the supply chain and actions taken
Not applicable Employee Rights and Development
substances (ODS) turnover
oxides (SOX), and other significant air Climate Action GRI 401: Employment 2016 employees (not including temporary or Employee Rights and Development
emissions part-time employees)
GRI 402: Labor/Management Relations 2016 Not applicable
operational changes
Employee Rights and Development
management system
assessment, and incident Employee Rights and Development
investigation
GRI 403: Occupational Health and Safety 2018
consultation, and communication on Employee Rights and Development
occupational health and safety
Employee Rights and Development
occupational health and safety
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Appendix 3: GRI Standards Index
GRI Standard Disclosure Corresponding Chapter in This Report GRI Standard Disclosure Corresponding Chapter in This Report
occupational health and safety impacts Employee Rights and Development engagement, impact assessments, and Social Contribution
directly linked by business relationships
development programs
GRI 413: Local Communities 2016
Employee Rights and Development 413-2 Operations with significant actual
health and safety management system
GRI 403: Occupational Health and Safety 2018 or potential negative impacts on local Not applicable
communities
Supply Chain Sustainability
social criteria
GRI 414: Supplier Social Assessment 2016
Supply Chain Sustainability
Employee Rights and Development
employee
GRI 415: Public Policy 2016 415-1 Political contributions Not applicable
GRI 404: Training and Education 2016 Employee Rights and Development
and transition assistance programs
Technological Innovation and Product
Responsibility
regular performance and career development Employee Rights and Development categories
reviews GRI 416: Customer Health and Safety 2016
Technological Innovation and Product
concerning the health and safety impacts
employees Development Responsibility
of products and services
GRI 405: Diversity and Equal Opportunity 2016
Not applicable
of women to men service information and labeling Responsibility
GRI 406: Non-discrimination 2016 Employee Rights and Development
corrective actions taken GRI 417: Marketing and Labeling 2016 concerning product and service Not applicable
information and labeling
GRI 407: Freedom of Association and Collective
right to freedom of association and collective Not applicable 417-3 Incidents of non-compliance
Bargaining 2016 Not applicable
bargaining may be at risk concerning marketing communications
GRI 408: Child Labor 2016 Not applicable
risk for incidents of child labor
GRI 418: Customer Privacy 2016 concerning breaches of customer privacy Not applicable
and losses of customer data
GRI 409: Forced or Compulsory Labor 2016 risk for incidents of forced or compulsory Not applicable
labor
GRI 410: Security Practices 2016 Not applicable
rights policies or procedures
GRI 411: Rights of Indigenous Peoples 2016 Not applicable
of indigenous peoples
Ananda Drive Techniques (Shanghai) Co., Ltd. About Ananda Sustainability Management Environment Social Governance 2025 Environmental, Social, and Governance (ESG) Report
Reader Feedback
Dear Reader:
Thank you very much for reading the "Ananda 2025 Environmental, Social and Governance (ESG) Report." Your feedback is of great value for our continuous improvement in ESG management and enhancing the quality of
information disclosure. We sincerely invite you to complete the feedback form below and send it to us by mail or email. Email: security@ananda-drive.com
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Stakeholder Employees Suppliers Customers Government Communities Banks Academic Institutions Others (Please specify)
Your overall evaluation of this year's ESG report:
Good Fairly Good Average Poor Very Poor
Regarding this report, you find:
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