Ningbo Ronbay New Energy Technology Co.,Ltd.
Sustainability Report
CONTENT
About Ronbay Strategic Vision and Key Performance Sustainability Governance
About This Report 03 Company Overview 05 Company Strategy 06 Sustainability Strategy 08 Key Performance Indicators 58
Message from the Committee 04 Corporate Culture 05 Annual Key Performance Indicators for 07 Sustainability Governance Structure 09 Report Index 67
Sustainability
Sustainability Performance 09 Assurance Report 75
Materiality Assessment 10
Stakeholder Engagement 13
Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Platform Innovation, Empowering 15 Ecosystem-Based Operations and 23 Energy Conservation, Emission Reduction, 33 Global Layout, Ensuring Manufacturing 43 Openness and Equality: Protecting 47
Business Growth Innovative Business Models and Climate Change Addressing Flexibility Employee Rights
Sound Governance: Building a Solid 15 Platform Empowerment, Deepening 23 Resource Circulation and Recycling 35 Collaborative Progress, Forging a Green 43 Empowerment and Development: 50
Foundation for Development Innovation and R&D System Building Chain Supporting Employee Growth
Upholding Compliance and 17 Intellectual Property Protection: 27 Green Manufacturing and Zero-Carbon 37 Ethical Procurement, Implementing 44 Strengthening Safety Excellence and 51
Strengthening Risk Management Safeguarding Innovation Green Power Advancing Responsible Minerals Safeguarding Occupational Health
Integrity and Self-Discipline, 21 Quality First: Delivering Excellence in 28 Co-creating Environmental Protection, 39 Local Integration, Supporting 45 Humanistic Care: Building a 54
Upholding Fairness and Justice Products and Service Safeguarding Lush Mountains and Lucid Community Development Harmonious Workplace
Waters
Reporting Principles
About This Report
Accuracy: All qualitative and quantitative information disclosed in this report has been rigorously reviewed and verified. We ensure that
key data is well-sourced and calculated using sound methodologies, providing stakeholders with detailed and accurate information to
Report Overview assess Ronbay's sustainability performance.
Balance: This report objectively and impartially reflects Ronbay's overall performance during the reporting period. We disclose not only
This is the fifth non-financial performance report publicly released by Ningbo Ronbay New Energy Technology Co., Ltd. (hereinafter referred to positive progress and achievements in ESG, also openly address challenges, shortcomings, and areas for improvement, avoiding one-
as “Ronbay Technology,” “the Group,” “the Company,” or “we”). Prepared on the principles of objectivity, rigor, transparency, and sided or overly favorable presentation.
comprehensiveness, this report provides detailed disclosure of the Company's environmental, social, and governance (ESG) philosophy, Clarity: This report uses plain language supported by data charts, performance comparisons, and practical case studies. We present
practices, and performance. technical and complex information in a structured, accessible manner so that stakeholders from all backgrounds can easily navigate, read,
and understand the content.
In response to regulatory guidance and in alignment with the Shanghai Stock Exchange’s Self-Regulatory Guidance for Listed Companies No. Comparability: This report maintains consistency in topic classification, indicator selection, data scope, and calculation methods (with any
Sustainability Report beginning this year. This change aims to comprehensively showcase our determination and achievements in actively long-term sustainability performance over time.
fulfilling social responsibilities and promoting sustainable development while creating commercial value. Completeness: The disclosure boundary covers all material topics identified as having significant impact on Ronbay's sustainable
development. We ensure complete coverage across organizational boundary, reporting period, and topic depth, with no key sustainability
Organizational Scope impacts omitted.
Sustainability Context: This report situates Ronbay's strategy and operations within the broader macro sustainability landscape,
referencing the UN SDGs, global climate change trends, and the specific context of the new energy and lithium battery cathode materials
Unless otherwise stated, this report covers Ningbo Ronbay New Energy Technology Co., Ltd. and its subsidiaries under actual operational
industry to illustrate the Company's role and contributions.
control, consistent with the disclosure scope of the 2025 Annual Report.
Timeliness: The Company is committed to publishing Sustainability Report on an annual basis. We ensure that disclosures are made in a
timely manner aligned with stakeholder expectations, enabling informed and timely decision-making.
Reporting Period Verifiability: The collection, recording, consolidation, and analysis of information in this report are based on rigorous, traceable systems
and processes. Our robust data management and internal control mechanisms ensure that all disclosed indicators and facts are
This is an annual report covering January 1, 2025 to December 31, 2025 (referred to as "this year" or "the reporting period"). To enhance documented and subject to internal audit and independent third-party verification.
completeness and comparability, some content and data may extend beyond this period, with specific dates noted where applicable. The
reporting period is consistent with the Annual Report.
Report Availability
Reporting Frameworks This report is available in both Chinese and English version. It can be accessed and downloaded on the Ronbay official website or the relevant
pages of the Shanghai Stock Exchange. In the event of any discrepancy between the two versions, the Chinese version shall prevail.
This report is prepared primarily in accordance with the Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 14 - The Company will continue to improve its reporting quality and sustainability management over time. For any questions or feedback regarding
Sustainability Reporting (Trial), with reference to the following internationally recognized standards: the Global Reporting Initiative Sustainability this report, please contact us at:
Reporting Standards (GRI Standards 2021), the International Sustainability Standards Board (ISSB) IFRS Sustainability Disclosure Standard S2 -
Climate-related Disclosures (IFRS S2), and the United Nations Sustainable Development Goals (SDGs). 0574-62730998 ir@ronbaymat.com
Message from the Committee
IIn 2025, at COP30 in Belém, Brazil, over 190 countries R&D spanning frontier and foundational technologies, we optimization of our global capital structure, managing risk
reached a shared consensus: the transition to green and cover the full battery lifecycle - from battery applications to effectively, and ensuring stable operations across all
low-carbon development is now irreversible. Converging recycling - building a multi-engine growth model that regions.
breakthroughs in photovoltaic technology, energy storage, ensures technological leadership across diverse chemistry
and artificial intelligence are bringing the "energy pathways, and providing reliable, diversified material We are committed to building an open and inclusive
singularity" from vision to reality. Seizing this historic solutions for the global energy transition. Leveraging AI organization where employees and the Company grow
opportunity, Ronbay has pursued its "platformization, models, we extended our capabilities from materials together. We are equally committed to fostering a
globalization, and ecologization" strategy with conviction processing into battery cell design and closed-loop transparent, responsible industrial ecosystem with global
— continuously optimizing its ternary product mix, entering recycling, improving resource efficiency. partners - embedding sustainability into every link of the
the LFP market with new processes, accelerating the supply chain and focusing on the creation of long-term
commercial rollout of sodium-ion batteries, achieving Long-term competitiveness requires building an ecosystem social value.
multi-sector breakthroughs in LMFP, leading the industry in that is self-evolving and sustainable. This means
solid-state cathode materials and electrolytes, and establishing a circular industrial chain built on zero-
building a green circular system through an ecosystem- emission manufacturing, low- and zero-carbon operations,
based supply chain strategy. With strengthened and green power adoption. By investing in and developing
organizational capability and talent development, Ronbay urban mining capabilities, we have achieved deep
has evolved into a comprehensive solution provider for the integration between resource inputs and materials
cathode materials industry. We firmly believe that production, meaningfully reducing our environmental
sustainability is the core capability underpinning long-term footprint and supply chain volatility. We are also advancing
value creation. a new paradigm of "clean metallurgy" - deploying lights-out
factories and intelligent microgrids, and leveraging digital
This year, we advanced our platformization and intelligent management to build core competitive
transformation, establishing an industrial investment and advantages in zero-carbon, low-energy manufacturing,
innovation platform to drive business innovation. We setting a new green benchmark for industry.
remained committed to original technology as the engine
of high-quality development in battery materials. Through With compliance as our foundation, we are accelerating the
Corporate Ethics and ESG Management Committee
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
About Ronbay Product Portfolio
Category Key Products
Company Overview NCM 811 series NCMA series
Ternary Cathode
Ningbo Ronbay New Energy Technology Co., Ltd. (hereinafter "Ronbay," stock code: 688005.SH) was founded in September 2014. With nearly NCA series （
Ultra-high-nickel materials Ni90+ ）
battery cathode materials. The Company was founded by a senior Sino-Korean lithium battery industry team and listed on the Science and LMFP LMFP cathode
Technology Innovation Board (STAR) of the Shanghai Stock Exchange in July 2019, becoming one of the first 25 companies to list on the
Sodium-Ion Cathode Layered oxide sodium-ion cathode Polyanionic sodium-ion cathode
board.
LFP LFP cathode
As a global leader in ternary cathode materials, Ronbay has maintained top global sales for multiple consecutive years. The Company was the first
to achieve production capacity of 10,000 tons of LMFP. Its sodium-ion cathode materials are now supply-bound with leading battery manufacturers
at home and abroad, and it has entered the LFP space using innovative processes. Ronbay has upgraded its positioning to become a Global Business Footprint
"comprehensive solution provider for the cathode materials industry." With cathode materials as its core business, its R&D scope extends into
smelting, recycling, precursor materials, electrochemistry, battery cell design, and battery disassembly. Backed by global capital capabilities, the Focused on global new energy industry demand, Ronbay is executing its globalization strategy with conviction - building a presence spanning
China, Japan, and Korea through to Southeast Asia, North America, and Europe. On the foundation of ESG compliance, the Company is
Company has the capacity to develop, manage, and collaborate across the full industry chain.
deploying advanced manufacturing technologies and low-carbon operating models locally. Through enhance localization efforts, Ronbay has
established a secure, compliant, and green supply chain network.
Corporate Culture
Mission Vision
To advance the new energy industry, improve the To build a new energy industry cluster with world-
human living environment, create a better future for class innovation capabilities and a high standard of
the Company and its employees, and give back to business integrity.
society.
Core Values Sustainability Concept
Science, rationality, learning, innovation, broad To build an ecosystem that coexists and thrives in
vision, and systematic. harmony with society, the environment, and our
partners.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Strategic Vision and Key Performance
Company Strategy Digital
Speciali Integrati Platform Ecologiz
intelligen
Organiza Globaliz
zation on ization ation tion ation
ce
Advancing the "Three-Step" Strategy and Deepening the "New Integration" Framework
Ronbay regards sustainability as a core driver of the business. We hold firm to our identity as an "industry operator," deepening our "technology
+ industry + investment" business model. Leveraging three core capabilities - strategy, investment, and management empowerment - we
continuously incubate new businesses and advance strategic initiatives to build Ronbay into a truly world-class global company: going global, In 2025, the Company focused on three core dimensions: platformization, ecologization, and globalization.
achieving sustainable operations, and giving back to society.
Build a World-Class New Energy Industry Cluster
Step 3
Platformization Ecologization Globalization
Develop a Profitable Industry
Step 2 Underpinned by three major Ronbay is implementing a Ronbay is accelerating its
platforms - Ronbay Trading, comprehensive cathode materials globalization strategy, expanding
solution, transitioning from pure
Ronbay Investment, and Cutting- production capacity, technology,
manufacturing toward a circular
Run a High-Quality Enterprise Edge Technology - alongside a
business model combining materials
and services internationally.
professional functional system Drawing on years of
Step 1 supply with recycling services.
covering R&D, manufacturing, and Internally, the Company is advancing
multinational operating
supply chain, the Company green power adoption, carbon experience and technological
provides full support for its footprint management, and ESG innovation, the Company is
vertically integrated core compliance system development. stepping up investment in and
businesses across ternary, LFP, Externally, it is strengthening cross- localization of overseas bases in
LMFP, and sodium-ion cathode cultural integration and promoting North America, Europe, and the
low-carbon collaboration across the Asia-Pacific region, while
materials. Through resource
upstream and downstream value
sharing and flat matrix optimizing global supply chain
chain to achieve sustainable, green
management, Ronbay is configuration and cross-cultural
circular operations.
improving overall operational management to build a new
The Company is executing its "Three-Step" strategy with conviction and is currently in Step Two: developing a profitable industry, with the goal
efficiency and specialized model of multinational business
of becoming a comprehensive solution provider for the battery materials industry. To strengthen this path, Ronbay is deepening its "New
capability. operations.
Integration" framework — encompassing specialization, integration, platformization, digital intelligence, ecologization, organization, and
globalization - to build irreplaceable core competitiveness and risk resilience within the global new energy supply chain.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Annual Key Performance Indicators for Sustainability
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Sustainability Governance Sustainability Roadmap
Ronbay has established a “phased, execution-focused” sustainability roadmap: Securing market access through global compliance and zero-
carbon factory development, then leverages digital and intelligent capabilities to drive the green transformation of its supply chain and
establish access thresholds. achieve net zero through full value chain circular recycling. ESG requirements are deeply embedded in operations
Amid the rapid growth of the global new energy industry, we have made sustainability a key lever for strengthening core competitiveness in its
and supply chain management, and we are committed to converting our green development advantages into tangible business
global operations.
competitiveness and industry leadership.
This year, the Company further refined its top-down sustainability governance structure, fully embedding ESG management requirements into
business operations, compliance, and risk control systems. Through a double materiality assessment mechanism - covering both financial
materiality and impact materiality - we accurately identify and respond to the core concerns of our stakeholders, continuously improving
management effectiveness and transparency to support stable operations across global markets.
Sustainability Strategy
Ronbay remains guided by its corporate mission: to advance the new energy industry, improve the human living environment, create a better
future for the Company and its employees, and give back to society. We have fully integrated our sustainability philosophy - building an
ecosystem that coexists and thrives in harmony with society, the environment, and our partners — into our overall strategy and day-to-day
operations. This is delivered through deepening technology innovation and R&D, upholding global compliance, and advancing the low-carbon
transition across the full value chain, with pragmatic ESG management supporting the Company's high-quality development.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Sustainability Governance Structure Sustainability Performance
In 2025, Ronbay further strengthened its three-tier ESG governance structure - the governance layer, management layer, and Mainstream Rating Performance of ESG
execution layer. By refining the responsibilities and oversight mechanisms at each level, the Company ensures that its
sustainability strategy is consistently managed and effectively executed across the Group and all global sites.
Tier Body Responsibilities
Serves as the highest decision-making body for ESG management; holds ultimate
Governance Board of Directors
accountability for the Company's sustainability strategy, targets, and material risks.
Reviews and provides feedback on the Company's corporate ethics and ESG-related
Corporate Ethics and ESG
strategic plans, annual priority action plans, and targets, in support of Group-level
Management Committee
decision-making.
Management
Provides professional advisory support and operational guidance; develops ESG action
Sustainability Department
roadmaps; monitors ESG risks; and coordinates ESG disclosure.
Material Topic Management
Drive the integration of sustainability management into business planning and
Departments
Execution operations; establish dedicated working groups focused on core topics to ensure
efficient on-the-ground delivery.
Special Projects Team
Note: *This rating is the result of Hubei Ronbay, a subsidiary, completing the CDP questionnaire for the first time.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Category Award Issuing Organization Ronbay places great importance on the rigor and precision of its sustainability management. This year, we conducted a comprehensive
materiality assessment benchmarked against the requirements of the Global Reporting Initiative (GRI), the International Sustainability
Wind China Listed Companies ESG Best Practice Top Standards Board (ISSB), the EU Corporate Sustainability Reporting Directive (CSRD), and the Shanghai Stock Exchange's Self-Regulatory
Wind ESG Rating Guidelines for Listed Companies No. 14 - Sustainability Reporting (Trial). Applying the double materiality principle, we assessed ESG topics
across two dimensions: impact materiality (the Company's external impacts on the environment and society) and financial materiality (the
internal financial implications of ESG topics for the Company's value). Through this process, we identified and evaluated the ESG topics most
China Securities Index A-Share Listed Companies ESG
ESG China Securities Index material to both the Company and stakeholders.
Rating Top 100 Most Improved
Double Materiality Assessment (DMA) Process
China Securities Index A-Share Listed Companies
China Securities Index
Corporate Governance (G) Best Practice Top 50
Understand the context of the Company's activities and business relationships
China Automotive Power Battery Industry Innovation Review domestic and international sustainability standards, the Company's business operations, products and services, value chain, and
Top 15 Most Growth-Driven Enterprises in China
Alliance industry landscape to establish a clear understanding of Ronbay's current sustainability context.
China Electronics and Information Industry China Automotive Power Battery Industry Innovation Build and update the topic inventory
Competitiveness Top 100 Alliance
Identify and screen relevant sustainability topics based on listed company regulatory requirements, the Company's 2025 strategic priorities
and actual operating conditions, and the outcomes of internal and external stakeholder engagement. In 2025, a total of 25 topics were
China Electronics and Information Federation & China
Artificial Intelligence Case Award identified - 3 more than the previous year - comprising 6 environmental topics (with the addition of ecosystem and biodiversity protection), 14
Industrial Cooperation Association
social topics (with the addition of intellectual property protection, digital intelligence & AI), and 5 governance topics.
Governance
Gaogong Lithium Battery, Gaogong Energy Storage &
Innovative Enterprise in New Energy and New Materials Topic Changes (Newly Added)
Gaogong Industry Research Institute (GGII)
Topic Definition Rationale for Addition
China Sodium-Ion Industry Annual Brand Enterprise
Mariana Identifying and reducing negative impacts on Added to address domestic and overseas regulatory
(Cathode Materials Category) Ecosystem and
surrounding natural environments and species requirements and to demonstrate the Company's commitment, as
Biodiversity
diversity across the Company's production, an industry leader, to managing the ecological footprint of its
operations, and supply chain management. supply chain.
Award
Intellectual Covers patent filing, trade secret protection, brand Added to support the Company's "platformization" strategic
Property rights enforcement, and respect for third-party transition, consolidate core assets, and demonstrate a solid
Environment Hubei Xiantao - RBA VAP Silver Certification Responsible Business Alliance
Protection intellectual property. "technology moat" to capital markets.
Digital Leveraging artificial intelligence, big data, and Added to fully embrace the AI era, and to deploy advanced
Social Gaogong Sodium-Ion
Innovation of the Year
AI manufacturing precision, and supply chain coordination amid high-growth conditions.
transparency
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Materiality survey and assessment Double Materiality Assessment Matrix
Tailored questionnaires were developed for different stakeholder groups, covering impact materiality as well as combined impact and financial Environment
materiality. Each topic was surveyed, assessed, and ranked across both dimensions to produce a double materiality matrix. E1 - Climate Change addressing
E2 - Environmental Compliance
Financial Materiality
Management
Impact Materiality Financial Materiality
E3 - Energy Management
E1 E4 - Water Resource Management
Based on previous interviews, the Company conducted an initial Based on previous interviews, the Company conducted an initial S4
E5 - Pollutant and Waste Management
analysis of the potential impacts associated with each analysis of the potential financial implications of each S5 G2
E6
S1 E6 - Circular Economy
sustainability topic. An Impact Materiality Survey was then sustainability topic. A Double Materiality Survey was then S2 S3
E3 E7 - Ecosystem and Biodiversity
developed to gather stakeholder assessments of the economic, developed to gather assessments from Board members, senior G1
S6
Protection
environmental, and social significance of each topic. The scoring and mid-to-senior management, shareholders and investors, and
G4
Social
criteria are as follows: ESG management personnel on both the impact and financial
S1 - R&D and Innovation
S2 - Intellectual Property Protection
potential to trigger fundamental change or significant risk. are as follows: G3
S3 - Digital Intelligence and AI
S4 - Product Quality and Safety
potential to generate significant competitive advantage or fundamentally reshaping the Company's profitability.
S5 - Customer Service
widespread attention. 4 - High: Leads to significant financial opportunities or serious
S6 - Responsible Supply Chain
S8 Management
resulting in localized improvements or issues requiring 3 - Moderate: Generates considerable cost savings or notable
S7 - Chemical Management
intervention. financial expenditure.
S8 - Hazardous Substance Management
E7
S11
S9 - Fair Employment and Rights
minor improvements or manageable, localized effects. burden. E5
Protection
S7 S10 - Employee Training and
discernible effect. position. S10
Development
Based on this framework, the Company consolidated stakeholder E4
S11 - Occupational Health and Safety
feedback and drew on input from internal and external experts to
S12 - Rural Revitalization and
produce the final impact materiality assessment results.
S13
Philanthropy
S13 - Community Engagement
S12
Governance
Topic review and reporting G1 - Corporate Governance
Impact Materiality G2 - Compliance Operations
Environment Social Governance
Drawing on stakeholder survey results and input from internal and external experts, and considering the Company's strategic priorities and
G3 - Risk Management and Control
current operations, a technical review of the survey findings was conducted. A double materiality matrix was then developed to present the
G4 - Integrity Management and
assessment results in a structured manner. The results were reviewed and confirmed by the Corporate Ethics and ESG Management In accordance with the Shanghai Stock Exchange’s Self-Regulatory Guidelines for Listed Companies
Business Ethics
Committee and are disclosed in this report. No. 14 - Sustainability Reporting (Trial), topics assessed as not material to the Company - namely
G5 - Information Security and Privacy
technology ethics and equal treatment of small and medium-sized enterprises - have been addressed
Protection
in the "Mapping Index." In addition, due diligence and stakeholder engagement are integral steps in
the Company's topic assessment process and are therefore not assessed as standalone topics. For
all double materiality topics, the Company has sought to understand stakeholder expectations in
depth and has thoroughly identified the associated impacts, risks, and opportunities.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Topics Impacts, Risks and Opportunities Scope Time Period Topics Impacts, Risks and Opportunities Scope Time Period
Through R&D across its full materials portfolio, the Establishing a closed-loop system spanning end-of-life
Company drives the advancement of global energy battery collection, material regeneration, and cathode
Impact material manufacturing significantly reduces dependence
Impact storage technologies, significantly reduces resource
Upstream
consumption per unit of energy density, and supports on primary mineral resources and limits the damage
Upstream Short-term Circular Own Mid-term
R&D and deep decarbonization of the sector. caused by mining activities to biodiversity.
Own operations Mid-term Economy operations Long-term
Innovation Opportunity: Reduces exposure to raw material price
Downstream Long-term Downstream
Opportunity: Maintain technological leadership in the Opportunities volatility; meets the mandatory recycled content
Opportunities industry; leverage first-mover advantage to secure high- and Risks requirements under the EU Battery Regulation; and
and Risks end customers and emerging markets such as solid-state creates new profit growth streams.
batteries, generating above-market returns.
Focus is placed on the mining of critical minerals
High-quality cathode materials are directly linked to the including cobalt, lithium, and nickel. Through due
safety performance and service life of batteries. Rigorous diligence, the Company ensures that its supply chain does
Impact quality control reduces the risk of safety incidents caused Impact not involve human rights violations (such as child labor),
by battery thermal runaway, protecting the lives and conflict financing, or environmental destruction, thereby
property of end consumers. improving the social welfare of communities across the
Responsible
Product Upstream Short-term global supply chain. Short-term
Supply Chain Upstream
Quality Opportunity: A strong quality reputation lowers after-sales Own operations Mid-term Long-term
Management Opportunity: Strengthens ESG oversight of suppliers,
and Safety costs, enhances brand pricing power, and is a core Downstream Long-term
drives improvements in supply chain sustainability
requirement for entry into the supply chains of top-tier
Opportunities management, and eliminates downstream customers'
global customers. Opportunities
and Risks concerns over supply chain compliance.
Risk: Product quality defects could trigger large-scale and Risks
Risk: Supply chain penalties or sanctions resulting from
recalls, substantial compensation claims, and irreversible
compliance failures could lead to export restrictions or
damage to brand reputation.
supply chain disruption.
The Company contributes directly to the global 1.5°C Building a well-governed, transparent, and robust
temperature control target by increasing the share of governance framework - ensuring ESG targets are linked
Impact renewable energy used, optimizing production energy Impact to management compensation, protecting the legitimate
efficiency, and driving supply chain emissions reductions rights of minority shareholders, and promoting business Upstream
Climate Upstream Short-term
through product carbon footprint management. Corporate ethics and fair competition. Own Mid-term
Change Own operations Mid-term
Governance operations Long-term
Response Downstream Long-term Opportunity: Enhances investor confidence, reduces
Opportunity: Access to green finance; ability to address Downstream
trade barriers imposed by global regulators through low- capital market discount, and attracts long-term value
Opportunities Opportunities
investors.
and Risks carbon product premiums, significantly enhancing market and Risks
Risk: Compliance violations may result in litigation,
competitiveness.
administrative fines, and regulatory inquiries.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Stakeholder Engagement
Broad and in-depth stakeholder engagement is the foundation of the materiality assessment process. We have comprehensively identified our stakeholders and established diverse communication mechanisms to address the different topics each group cares about, actively listening to the
perspectives of both internal and external stakeholders. Considering the characteristics of the new energy materials industry, we have identified the following stakeholder groups and are committed to responding to their core concerns in a targeted manner:
Stakeholder Key Topics of Concer Engagement Channels Stakeholder Key Topics of Concer Engagement Channels
Corporate Governance Rural Revitalization and Regulatory Forums and Compliance Operations R&D and Innovation General meeting of Investor hotline
Compliance Operations Philanthropy disclosures conferences Risk Management and Intellectual Property Protection shareholders Email
Government and Risk Management and Product Quality and Safety Regulatory Social media Control Product Quality Annual reports, E-interaction
Regulatory Control Climate Change Response inspections Shareholders and
and Safety interim reports, and Platform
Bodies Responsible Supply Chain Ecosystem and Biodiversity Investors
Management Protection other
announcements
Social media
Fair Employment and Occupational Health and Safety Employee Employee training
Rights Protection Digital Intelligence and AI representative Day-to-day
Product Quality and Safety Company website Media platforms
Employee Training and congress communication Customer Service
Employees
Consumers and Information Security and Privacy WeChat official Service hotline
Development Trade union R&D and Innovation
Customers Protection account
Supplier visits Day-to-day
Fair Employment and Rights
Responsible Supply Chain Onboarding communication
Protection
Management assessments Supplier training Ronbay Participates in MIIT Symposium and Offers Recommendations for High-Quality Industry Development
Suppliers and Hazardous Substance
Product Quality and Safety procurement
Partners Management
Climate Change Response processes
Circular Economy
On November 28, 2025, China's Ministry of Industry and
Information Technology (MIIT) convened a symposium
for manufacturers in the power and energy storage
Corporate Governance Information Security and Company Industry exchange battery sector. Ronbay was one of 12 invited
Media, NGOs,
Compliance Operations Privacy Protection website events representatives from the battery and key materials
Industry
Integrity Management and Product Quality and Safety Social media industry at this high-level forum. Chairman and
Associations,
Business Ethics R&D and Innovation President Bai Houshan attended and delivered remarks,
etc.
engaging in in-depth discussion with ministry officials
and industry peers on core topics including the
Environmental Compliance Social welfare Green production regulation of competitive order in the industry and the
Rural Revitalization and Management and public practices promotion of high-quality development, and actively
Philanthropy interest
General Public offering recommendations for the sector's future
Community Engagement initiatives growth.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Excellence in
Governance
Platform Innovation, Empowering Business Growth
Sound Governance: Building a Solid Foundation for Development
Upholding Compliance and Strengthening Risk Management
Integrity and Self-Discipline, Upholding Fairness and Justice
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Platform Innovation, Empowering Business Growth Sound Governance: Building a Solid Foundation for Development
In 2025, Ronbay Technology comprehensively advanced the Ronbay regards sound corporate governance as an essential prerequisite for executing its globalization strategy and achieving high-quality
development of its platform-based organizational structure by development. In 2025, the Company strictly complied with the Company Law of the People's Republic of China, the Securities Law of the
establishing three major super-platforms: Ronbay Trading, Ronbay People's Republic of China, and the laws and regulations of all jurisdictions in which it operates, and continued to refine its governance
Investment & Operations Group, and the Cutting-Edge Technology structure. We are committed to building a compliant, transparent, and effective corporate governance framework — continuously improving
Sub-Group. These platforms will flexibly and efficiently empower decision-making quality and management effectiveness under multinational operating conditions — and providing a robust institutional
vertically integrated technology business divisions, providing foundation for the stable operation of all business activities.
comprehensive support for the coordinated development of
businesses such as ternary materials, LMFP, and sodium-ion battery Board Governance Structure
cathodes.
The Company places ongoing emphasis on the scientific rigor, standardization, and transparency of corporate decision-making, and has
During the reporting period, the company continued to strengthen established a well-structured Board governance system. During the reporting period, in accordance with the new corporate governance
its competitive edge in ternary materials, and the high-voltage provisions of the Company Law of the People's Republic of China (effective July 1, 2024), and considering the Company's actual circumstances
production line for medium-nickel ternary materials at the Zunyi and regulatory requirements, a resolution was passed at the General Meeting of Shareholders to dissolve the Supervisory Board. Its statutory
facility was successfully upgraded and passed an audit by a key functions under the Company Law are now exercised by the Audit Committee of the Board of Directors.
customer.
LMFP sales have doubled compared to last year, and its application in electric vehicles has further expanded market growth potential;
leveraging dual advantages in technological R&D and customer acquisition, the company has established an industry-leading position in
sodium-ion cathode materials; through in-house R&D and investment and acquisitions, the company has rapidly entered the lithium iron
phosphate market.
Meaningful R&D progress has been made in next-generation frontier materials including lithium-rich manganese-based, nickel-manganese
binary, and solid-state electrolyte materials, building core capabilities for future technology pathway competition and demonstrating the
During the reporting period, all directors and supervisors of Ronbay strictly complied with the Company Law of the People's Republic of China.
Company's sustained drive for technological innovation.
In accordance with the Shanghai Stock Exchange STAR Market Listing Rules, the Articles of Association, and other applicable requirements, and
in light of the Company's actual circumstances, the following governance documents were revised: the Rules of Procedure for General
Meetings of Shareholders, the Rules of Procedure for Board Meetings, the Rules of Procedure for the Board Audit Committee, the Rules of
Procedure for the Board Nomination Committee, the Rules of Procedure for the Board Remuneration and Appraisal Committee, the Rules of
Procedure for the Board Strategy Committee, and the Raised Funds Management Policy.
During the reporting period
The Company convened 3 General Meetings of Shareholders, 5 Board meetings, 4 Audit Committee meetings,
and 1 Remuneration and Appraisal Committee meeting.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
To give investors a thorough, clear, and comprehensive understanding of the Company's latest operations and future plans, the Company
Strategy Nomination Audit Remuneration and
Type Name Gender organized multiple results briefings during the reporting period. In April 2025, the Company hosted a telephone conference with 148
Committee Committee Committee Appraisal Committee
institutional investors, holding in-depth discussions on business conditions, new business developments, and globalization strategy. In
Bai Houshan male October 2025, in response to a new industry policy environment, the Company promptly convened an investor telephone conference chaired
by the Chairman, engaging candidly with 162 institutional investors on overseas capacity deployment and new technology progress —
You Sang Yul male providing timely communication of the Company's value and strategic conviction. The Company also responded to investor inquiries through
the SSE E-Interaction platform and maintained multiple communication channels including email and an investor hotline, continuously
gathering feedback from investors and the media to foster two-way communication.
Zhang Huiqing male
Non-Independent
Directors
Song Wenlei male Investor Communication Channels
Feng Tao female
Company website and official Results briefings
Fu Linjun male WeChat account
Nie Xin male
SSE Investor Interaction Periodic reports
Independent
Li Yunjiao female (E-Interaction) platform
Directors
Mei Yuexin female
On-site investor visits Roadshows and reverse
roadshows
In 2025, Ronbay continued to refine its Board performance evaluation mechanism to ensure proper governance-level accountability. The
Company maintains a close link between sustainability performance and performance-based compensation: ESG-related indicators carry a
minimum weighting of 10% in the annual performance appraisal. In addition, strict compliance red lines have been established for key ESG Investor hotline and investor email
governance areas. In the event of a material violation or accountability incident, a "one-strike veto" mechanism applies — disqualifying the
responsible individual from promotion, grade advancement, salary adjustment, and awards — providing substantive enforcement of the
Company's compliance baseline and sustainability commitments.
Information Disclosure
Investor Protection and Communication
The Company strictly complies with applicable laws, regulations, and internal policies to ensure that all disclosed information is truthful,
Ronbay is committed to building a robust investor protection mechanism to enhance the Company's credibility and market competitiveness. complete, and timely. The Information Disclosure Management Policy governs the Company's disclosure processes, ensuring that the public
During the reporting period, in respect of the first three quarters of 2024, the Company converted capital reserves into shares at a ratio of 4.9 and investors have prompt access to information and that the interests of all shareholders are effectively protected. During the reporting
shares for every 10 shares held, resulting in a total of 231,725,615 new shares issued; this was completed in March 2025. In addition, the period, the Company publicly released a total of 95 documents, providing a truthful and comprehensive reflection of the Company's operating
Company implemented its 2024 annual profit distribution plan, paying a cash dividend of RMB 3.70 per 10 shares, totaling RMB developments.
combining a share conversion with a cash dividend, the Company shared its operating results with investors while balancing the needs of
future development, supporting the Company's long-term, healthy, and sustainable growth.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Upholding Compliance and Strengthening Risk Management
Overseas Compliance Management
In response to increasingly complex global compliance challenges, Ronbay has built an overseas compliance management system based on
internal-external collaboration and full-process control. Combining internal audit with third-party review, and using a weekly reporting
Compliance Operations mechanism to dynamically monitor and flag litigation, overdue receivables, and operational risks. The Company conducts in-depth analysis of
international trade and economic policy — including forward-looking research on the US Big Beautiful Act (FEOC provisions), IRA funding
In the face of a complex geopolitical environment and evolving global compliance and governance requirements, the Company policy developments, the European SEVESO Directive, and EU data compliance requirements — and conducts thorough assessments of the
policy and business environment in core markets including South Korea, North America, Europe, and Singapore. This enables the Company to
has fully integrated compliance requirements into its corporate governance and day-to-day operations. Ronbay is committed to
clearly identify compliance obligations, reduce cross-border investment and operational risks, and provide robust support for global strategic
building a compliance management system that meets international standards and is suited to multinational operations, ensuring
decision-making.
the stable conduct of all business activities.
Governance Overseas Trademark Registration — Compliance Practice
The Company has established a Legal Department to oversee the development of its compliance management system. In 2025, in support of its global compliance governance and brand internationalization
Benchmarked against industry best practices, the system is built around a corporate compliance culture, supported by people, strategy, Ronbay made solid progress in overseas IP coverage, successfully completing
technology, policies, and processes — providing a structured framework for compliance organization, compliance operations, and the registration of 3 US trademarks and 3 EU trademarks — with compliance as the
compliance assurance. foundation for global business development.
The overseas trademark filings strictly followed the US "first-use" principle and the EU
Strategy "single registration, pan-territorial protection" framework. Full compliance checks and
risk assessments were conducted throughout the process to proactively eliminate risks
The Company adheres to a proactive risk management approach covering pre-event, in-event, and post-event stages, fully such as pre-emptive registration and infringement from the outset — a clear example of
embedding compliance review into all core business decisions, policy development, and contract approval processes. This the Company's deep integration of IP compliance into its globalization strategy.
ensures full lifecycle risk prevention across all domestic and overseas projects, from initial access to ongoing operations. The The successful registration of these trademarks serves two purposes: on one hand, it
establishes a brand compliance protection framework covering the core European and
Company continuously conducts country-level compliance analysis and dynamic risk monitoring in key business regions,
US markets, providing stable legal protection for overseas business operations and
reinforcing the management accountability of overseas subsidiaries and branches. The Company also continues to strengthen its
effectively reducing cross-border compliance costs; on the other hand, it enhances
compliance performance evaluation mechanism, linking compliance performance to employee appraisals and ensuring effective
brand credibility and global influence through compliant IP assets, supporting the
implementation of compliance indicators across all Group business operations through periodic reporting and regular Company's steady expansion in international markets and providing a solid compliance
supervision and inspection. foundation for competing globally.
Impact, Risk and Opportunity Management
Compliance Risk Management
In response to the demands of global operations and multi-department compliance coordination, Ronbay has systematically built a
compliance risk identification and control framework. Key compliance areas have been defined — covering anti-corruption, environmental
health and safety (EHS), information and data protection, supply chain due diligence, finance and taxation, product quality, and labor and
employment — with differentiated control measures tailored to the functions of different departments. In business decision-making,
procurement and tendering process oversight is strengthened to prevent compliance risks at source. In production operations, financial,
procurement, engineering, and information security risks are dynamically monitored through a weekly risk control report. Compliance
management is particularly reinforced for management personnel, employees in high-risk roles, and overseas staff.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Minglvtang "2025 Corporate Compliance Pioneer Award" Risk Prevention and Control
Governance and Strategy
Ronbay Technology integrates risk management comprehensively into daily operations and strategic decision-making. The company strictly
On November 21, 2025, at the Falao & Minglvtang 2025 Corporate Compliance Pioneer Awards
adheres to laws and regulations such as the Company Law of the People's Republic of China and the Basic Standards for Enterprise Internal
ceremony, Ronbay's Legal Department received the "2025 Corporate Compliance Pioneer
Control, as well as requirements from regulatory authorities. Upholding the core philosophy of "prevention first, systematic governance," the
Award" — alongside well-known enterprises including Trip.com, Geely, and China Life Insurance
company continuously builds a scientific and rigorous internal control and corporate risk prevention network to safeguard high-quality
— in recognition of its practice of "driving global business through compliance innovation." The
operations comprehensively.
award evaluates compliance system development, risk management effectiveness, and
compliance culture development across multiple dimensions, and represents strong recognition
Internal Control
of Ronbay's integration of compliance governance into technology iteration and global strategy
The company is committed to fostering an internal control ecosystem that emphasizes "compliance focus, strict implementation, and strong
— a powerful testament to the Company's use of compliance as an enabler for international
supervision." In accordance with the "Basic Standards for Enterprise Internal Control" and its supporting guidelines, and considering its own
market development.
business characteristics and risk types, the company has established 18 core areas for internal control evaluation, covering fund activities,
procurement, asset management, and more, and regularly conducts effectiveness assessments of internal controls.
During the reporting period, the company streamlined internal control processes for businesses within the evaluation scope, revised and
improved internal control-related systems, promoted standardization of business operations, and ensured effective system implementation.
As of the baseline date of the 2025 internal control evaluation report, the company confirmed no material weaknesses in financial or non-
financial reporting internal controls.
Building a Compliance Defense for European and American Markets, Safeguarding Steady Global Operations
Impact, Risk, and Opportunity Management
Ronbay treats compliance management as the cornerstone of its global operations. In response to the complex and ever-changing
regulatory environments in European and American markets, the company has established a forward-looking risk early warning Risk Management System
mechanism, closely tracking U.S. macro trade policies (including the IRA Act, DOE policies, etc.) and major European legislation (such Ronbay Technology has established a "Three Lines of Defense" risk management framework covering the entire group and all business chains.
as the Critical Raw Materials Act). During the year, the company produced nearly 20 specialized legal research reports and a European For different dimensions of risk categories, the company has developed specialized response plans and collaborative mechanisms, ensuring
patent risk map, effectively mitigating operational risks in advance. that all risks are "identifiable, assessable, and manageable," thereby comprehensively enhancing the company’s emergency response
In local operations, we fully aligns with international high standards. In Europe, compliance is deeply integrated into factory efficiency and risk resilience.
construction and daily operations, with strict adherence to EU environmental assessment standards and the SEVESO Directive. The
company has also collaborated with professional legal teams to establish a data privacy protection system covering all business
scenarios. In terms of labor compliance, leveraging local regulations in the U.S. and Europe, the company has successively introduced
the "Workplace Violence Prevention Management Measures" and specialized labor policies on anti-discrimination and salary protection,
effectively safeguarding the rights and interests of overseas employees and fostering a transparent, compliant, and responsible
multinational corporate image.
Compliance Training
Ronbay Technology upholds the philosophy of "routine training + targeted empowerment," deeply embedding a compliance culture into the
entire operational process and all aspects of employee performance. The company has built a comprehensive, multi-layered compliance
prevention and control system. In 2025, the company conducted 7 compliance training sessions for all employees, covering key areas such as
human resources, international arbitration, intellectual property, capital markets, and EU GDPR data compliance. Through this business-
specific, scenario-specific, and customized training model, the company effectively enhanced compliance implementation capabilities in
cross-border operations and cultivated talent for compliant operations.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Risk Identification
Information Security and Privacy Protection
During the reporting period, leveraging dynamic tracking in functional areas, the company identified 121 risk points through a combination of
daily operational monitoring and specialized audits. It also conducted 11 specialized diagnostics in key areas such as procurement, asset
management, and commercial confidentiality. Additionally, the company conducted in-depth analysis of geopolitical and overseas regulatory Governance
risks in the context of globalization, accurately identifying eight major categories of strategic risks, including engineering construction and
Leveraging its global business layout, Ronbay Technology has established a professional organizational structure coordinated by the
cross-border information protection. The company also strengthened regular risk reviews in critical areas such as anti-corruption, data
information security department and empowered by cross-functional expert teams. This enables closed-loop control of information security
security, and supply chain due diligence, establishing a risk inventory to enhance risk prediction and mitigation capabilities.
from strategic top-level design to technical implementation. Through a dedicated information security team, digital operation and
maintenance team, and external expert consultants, the company implements multi-layered core protection measures such as data
Risk Management Training
encryption, network perimeter hardening, vulnerability scanning, and remediation. These measures effectively guard against risks such as
To ensure the effective implementation of the risk management system, the company conducts regular risk management training for all
information leaks, network intrusions, and potential systemic attacks, collectively ensuring the secure operation of the company’s global
employees through the "Ronbay Academy" platform. In 2025, the company organized five specialized training sessions for all group
business.
employees, management, and high-risk position personnel. By combining face-to-face seminars with online courses, the company clarified risk
control red lines and compliance requirements for each role, effectively improving employees’ ability to identify and prevent risks in actual
business operations.
The company bases its information security system on the ISO 27001 standard and plans to launch an ISO 27001 certification
project in June 2026. Domestic bases are scheduled for certification in 2026, and overseas bases in 2027, aligning the information
Weekly Risk Control Report Management System security management system with international standards.
In 2025, Ronbay Technology continued to implement a systematic weekly report management mechanism, further advancing risk
monitoring and control. The company established a multi-dimensional weekly report system, including the "Legal Litigation Strategy
Management Weekly Report," "Risk Management Weekly Report," and "Engineering Progress and Compliance Weekly Report."
Through this mechanism, the company achieved dynamic tracking and analysis of litigation cases, real-time monitoring of internal Ronbay Technology is committed to building an agile and efficient information security architecture, closely following digital trends to
and external risks, and closed-loop compliance management of engineering progress, significantly enhancing risk early warning integrate security with business processes, and establishing a highly secure digital barrier for global operations. The company continuously
capabilities and reducing the time and cost of risk management. Additionally, the weekly report mechanism effectively promoted enhances the security and compliance of its information systems, solidifying a comprehensive digital security system for information security
cross-departmental collaboration, with over 300 cross-departmental risk coordination meetings held throughout the year. The and privacy protection for global customers and partners.
systematic case data analysis and risk trend insights in the weekly reports provided strong support for management in formulating
business strategies and played a key role in major project decisions and business expansion.
Impact, Risk, and Opportunity Management
During the reporting period, the company improved the effectiveness of information security governance through core business audits and
closed-loop rectifications. At the access level, the company fully implemented the "separation of three powers" architecture and the "principle
of least privilege," ensuring strict compliance in account permissions for core systems. At the data level, a data asset classification and tiering
mechanism covering the entire lifecycle was established, with regular verification and specialized archiving to ensure long-term governance.
At the protection level, the company deepened comprehensive coverage of trade secret protection across all businesses, strengthening the
security defenses for the company’s core data assets.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Information Security Training Trade Secret Protection
The company has established a routine information security training system. Based on the annual specialized plan, it conducts various forms The group-wide trade secret protection system focuses on the systematic protection of core intellectual property and trade secrets, aiming to
of training for internal employees, contractors, and external partners. effectively prevent information leakage, ensure strategic security, and maintain legal compliance. The company formulated seven group-level
general documents, including the "Trade Secret Protection System," and 14 specialized departmental documents. By establishing a layered
management structure and routine operational mechanisms, the company classified and controlled operational information, ensuring that
All-Employee Information Security Awareness and Specialized Training for Security Officers
relevant trade secrets are "clearly documented, precisely defined, contact-accountable, and traceable." This drives continuous improvement
and optimization of the trade secret protection system, comprehensively enhancing the company’s market competitiveness and internal and
Ronbay Technology is committed to building a comprehensive digital external trust.
security defense. During the reporting period, the company incorporated
information security awareness into the onboarding curriculum for new Localized Information Security Deployment at Overseas Bases
employees and conducted specialized training sessions for domestic and
overseas employees, covering office security norms and core data The Poland base successfully established a complete localized information security backup system. By deploying data encryption
protection. Additionally, Ronbay Academy innovatively launched the "Part- software covering terminals and a unified data backup system, the system significantly improved data protection capabilities. It
Time Information Security Officer Training" series, helping departmental effectively reduced the risks of data loss and leakage, ensuring rapid business recovery in case of unexpected incidents. It has
security leads complete 101 training sessions and deeply disseminating become critical infrastructure for ensuring the continuity of the group’s operations in Europe and has built a reliable support platform
global privacy protection regulations and compliance standards. Through for cross-border collaborative management and security protection.
the "all-employee dissemination + specialized empowerment" model, the
company significantly enhanced overall risk identification capabilities,
providing robust data security support for global business expansion.
Metrics and Targets
Business and Data Asset Protection
The company formulated and issued the "Information Security Incident Management Measures," establishing a tiered response standard from During the reporting period, the company managed a total of 83 cloud servers, remediated 942 high-risk and above
Level I to Level IV for seven key scenarios, including cyberattacks, data breaches, and equipment failures. By developing differentiated risk
management processes and regularly conducting simulation exercises for emergencies such as server downtime and network interruptions,
vulnerabilities, and completed
the company systematically improved cross-departmental coordination and response efficiency. Each team’s responsibilities and We conducted 7 internal information security audits and 392 information security offboarding audits.
collaboration processes in real emergencies became clearer and more efficient. In complex emergency scenarios such as server downtime or No major information security incidents or externally reported complaints occurred in 2025.
network interruptions, the company can quickly determine the incident level and initiate differentiated response processes based on the Level I
to IV standards, achieving immediate risk identification, precise localization, and proper closed-loop resolution.
Privacy Protection
Ronbay Technology strictly complies with global operational laws and regulations, including China’s "Data Security Law," "Personal Information
Protection Law," "Data Export Security Assessment Measures," and South Korea’s "Personal Information Protection Act." The company has
established a matrix of systems covering access control, password management, and information asset security. By deploying Data Loss
Prevention (DLP) systems and integrating technologies such as data encryption, permission tiering, and media control, the company achieved
comprehensive privacy protection from terminal devices to data assets, effectively safeguarding user privacy and sensitive information.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Integrity and Self-Discipline, Upholding Fairness and Justice Guidelines and Compliance Foundation: Ronbay Technology Releases the 2025 Edition of the Code of Conduct
Ronbay Technology adheres to the principles of fairness and justice in the market economy, continuously optimizes its business ethics As Ronbay Technology accelerates its globalization, establishing an ethical discourse system aligned with international standards
management system, comprehensively advances integrity building and anti-corruption governance, and is committed to fostering a compliant, has become a core task. In 2025, through extensive research and cross-departmental collaboration, the company launched the first
honest, and trustworthy work environment. edition of the "Code of Conduct." While inheriting the company’s tradition of "integrity and transparency," this edition specifically
Governance and Strategy incorporates principles from the United Nations Global Compact (UNGC) and international anti-corruption standards, aiming to create
a globally unified foundation for business ethics. The release of the new code will provide solid institutional support for the
The company has established an integrity governance company’s steady operations during its global expansion and demonstrate to global stakeholders the company’s firm commitment to
framework coordinated by the Board’s Discipline Committee business ethics, high-quality development, and sustainable growth.
and supported by multiple systems, ensuring the
independence of supervisory functions. In 2025, the company
continued to improve its integrity management system,
Anti-Corruption Training
revising and issuing a series of core regulations, including the
"Supervision Management System" and the "Integrity
The company leverages the "Ronbay Academy" to deeply integrate integrity culture into employees’ career development. Through online
Compliance Management Measures." These documents clarify
courses, offline promotional sessions, and publicized typical cases, the company ensures comprehensive integrity education for all
the classification of prohibited behaviors and supervision
employees, from management to frontline staff. In 2025, the coverage rate for business ethics training for new employees and the signing rate
procedures, further improving whistleblower protection and
for the "Integrity Compliance Commitment Letter" both reached 100%. Through a routine, all-employee empowerment system, integrity and
incentive mechanisms. By requiring all employees to sign
anti-corruption awareness are effectively transformed into employees’ conscious behavior, fostering a sound business ethics environment.
integrity commitment letters and adhering to the principle of
"learning from past mistakes to avoid future ones, and curing Supplier Integrity Management
the illness to save the patient," the company continuously
strengthens integrity management responsibilities, ensuring The company is committed to implementing a comprehensive supply chain integrity prevention and control system covering the entire cycle of
compliance duties are assigned to specific roles. supplier screening, collaboration, and supervision. At the screening stage, strict background checks are conducted. During collaboration, a total
of 362 ‘Supplier Integrity and Compliance Commitment Letters’ were collected and registered within the reporting period, achieving 100%
coverage of all cooperating suppliers. For ongoing supervision, the Risk Control Center oversees the entire tendering and bidding process. By
Impact, Risk, and Opportunity Management
issuing the "Supplier Code of Conduct" and establishing mechanisms for addressing violations through discussions and exit protocols, the
Whistleblower System company continuously guides suppliers to jointly foster a fair and transparent partnership.
Ronbay Technology has established a comprehensive anonymous whistleblower reporting and protection system, encouraging internal and Anti-Monopoly and Anti-Unfair Competition
external stakeholders to report violations through dedicated channels. The company strictly enforces a confidentiality mechanism for reports,
follows the principle of minimizing the number of informed individuals, strictly prohibits and severely cracks down on any form of retaliation, Ronbay Technology strictly complies with the "Anti-Unfair Competition Law of the People’s Republic of China" and the anti-monopoly and anti-
and effectively safeguards the legitimate rights and interests of whistleblowers. During the reporting period, the resolution rate for violation unfair competition laws and regulations in the regions where it operates overseas. By formulating comprehensive compliance guidelines,
incidents reached 100%, effectively demonstrating the company’s "zero tolerance" stance toward business misconduct. clarifying legal consequences, and conducting specialized legal training, the company firmly opposes any restrictive competition or unfair
practices, fully committed to maintaining a fair and healthy market order. The company requires all employees to internalize compliance
awareness in business details, building a solid foundation for steady development with legal and compliant competitive strategies, and
Reporting Channels
fulfilling corporate citizenship responsibilities.
Tel and Wechat 15057426133 Whistle-blowing QQ 2140436461
Whistle-blowing email jubao@ronbaymat.com Mailing address The Supervision Department of Ronbay
Risk Control Center, 39 Tanjialing East
The company’s WeChat Whistle-blowing and complaint Road, Yuyao, Zhejiang
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Value-Driven
Ecosystem-Based Operations and Innovative Business Models
Platform Empowerment, Deepening Innovation and R&D
Intellectual Property Protection: Safeguarding Innovation
Quality First: Delivering Excellence in Products and Service
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Ecosystem-Based Operations and Innovative Business Models Platform Empowerment, Deepening Innovation and R&D
The company has successfully transformed into a platform-based materials group, committed to serving as an integrated industry
R&D and Innovation
solutions provider for battery materials. This strategic shift establishes an eco-oriented business model for long-term sustainable growth.
In addition to supplying high-performance battery materials to customers, the group is building a full-chain closed-loop solution covering
"materials + recycling," which will significantly lower supply chain carbon footprints and contribute to global efforts to address the climate
Governance
crisis. At the same time, the company actively practices low-carbon principles, aligns with global carbon neutrality goals, implements
carbon management and emission reduction initiatives internally, and promotes efficient use of environmental resources while minimizing Ronbay has established Cutting-Edge Technology sub-group to strengthen the coordination between R&D and manufacturing functions,
impact through measures such as building a circular recycling industry chain and adopting lean operational management. These concrete connecting the full cycle from technology development to commercial deployment. This not only accelerates the commercialization of new
actions embody the Ronbay Ecology Strategy and drive the establishment of a sustainable business model. technologies, but also builds an integrated R&D and manufacturing capability oriented toward the future.
In 2025, the Company maintained the Central Research Institute Strategic Project Management System and the R&D Project Intellectual Property
Management Guidelines as its core governance frameworks, rigorously implementing a full-lifecycle R&D management process covering
project initiation and evaluation, process control, commissioned research, new product trials, and IP protection — ensuring that all R&D
activities are conducted in an orderly and efficient manner.
Strategy
R&D Concept
The Company maintains a customer-centric service concept and is committed to becoming a world-leading technology enterprise that drives
both technological innovation and commercial value in the global secondary battery sector. In practice, R&D activities follow a three-track
strategy of frontier research, active development, and in-production optimization, covering the full value chain from upstream mining and
urban mining through key battery materials to end-use battery packs, battery applications, and recycling. In the R&D process, the Company
advances IPD (Integrated Product Development) process development and embeds AI applications, including the development of an internal
large AI model, while also strengthening engagement with external innovation ecosystems to globalize its R&D capabilities. The Company is
driving the deep integration of its Central Research Institute and Engineering and Manufacturing Division, transforming them into a technology
incubation platform to commercialize frontier technologies at scale.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
R&D and Innovation Framework Impact, Risk and Opportunity Management
Guided by its "Four New Strategy" — new technologies, new models, new ecosystems, and new markets — Ronbay is driving a comprehensive
transition in its R&D system from commercially driven to innovation led. The Company has built a multi-dimensional support matrix centered R&D Direction
on an AI Electrochemistry Integrated Innovation Platform (encompassing advanced testing, AI computational simulation, and battery Ronbay focuses on the R&D of battery cathode materials and precursor materials. Through an Integrated Product Development (IPD) model
chemistry systems), complemented by R&D resource management, patent management, and ecosystem development. centered on customer needs, the Company drives cross-functional collaboration and efficient product iteration.
Leveraging this matrix, the Company is accelerating the digital and intelligent transformation of its R&D system, building an integrated R&D Leveraging its full value chain technology platform, the Company continues to consolidate its leadership in high-nickel materials while
hub that combines value chain innovation, AI-powered digital enablement, and startup incubation. While consolidating the technological accelerating the commercialization of mid-nickel high-voltage, LMFP, and sodium-ion materials. The Company's technology moat now extends
foundation of its current product portfolio, the Company is also making forward-looking investments in frontier areas, deeply integrating AI and across lithium and sodium cathode materials, precursors, resource recycling, engineering equipment, and solid-state battery materials.
computational simulation to accelerate breakthroughs in underlying electrochemical technologies — laying a solid technical foundation for Looking ahead, the R&D team stays closely aligned with the frontier needs of the value chain, using cutting-edge innovation to drive
new business incubation and industrial upgrading. commercial breakthroughs. Four long-term technology priorities have been identified:
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Engineering Equipment and Process Innovation
AI4S Research Platform Development
To support the long-term implementation of the Company's intelligent manufacturing roadmap, Ronbay is systematically advancing the
innovation and upgrading of production equipment. For ternary products, equipment innovation focuses on increasing capacity and improving
process continuity, with targeted R&D on key equipment for sintering, batching, and wet processing — building a solid intelligent Core activities in 2025
manufacturing foundation for green and low-carbon production and achieving high consistency and controllability in product performance. Deepened the application of the Laboratory Information Management System (LIMS) within the testing platform to ensure full-
For LFP products, equipment upgrades center on process adaptability, with the goals of reducing resource and energy consumption, process traceability of experimental data. R&D efficiency and data standardization have steadily improved, providing a stable and
shortening process cycle times, and continuously improving the efficiency and sustainability of the manufacturing process. reliable platform for parallel R&D across multiple technical routes and rapid iteration.
High-throughput screening of solid-state battery materials
Development of computer vision methods for particle agglomeration recognition and process optimization
Innovation Enablement and Industry-Academia-Research Collaboration Outcomes
In 2025, Ronbay continued to deepen its industry-academia-research (IAR) collaborative innovation with leading universities and research Using fine-tuned high-precision machine learning force fields and enhanced sampling simulations to reveal the thermal stability
institutions at home and abroad, making steady progress in R&D platform development, talent attraction and development, key technology mechanisms of cathode materials, providing theoretical guidance for the design of high-safety cathode materials.
breakthroughs, and intellectual property creation — comprehensively strengthening the Company's core technological competitiveness and Supporting component design and screening for solid-state ternary cathode materials — efficiently generating design solutions
industrial innovation capability. by integrating key performance parameters including structural stability, electronic structure, defect formation energy, and ionic
conductivity — thereby reducing R&D costs.
For advanced materials R&D applications, an independently developed computer vision algorithm for the quantitative
characterization of particle agglomeration morphology was built in-house, enabling automated recognition, precise extraction,
Collection of R&D Platform Construction Cases and quantitative characterization of particle agglomeration features. The algorithm has been successfully deployed in
production, providing stable support for materials R&D and analysis, and effectively driving the digital and intelligent upgrading of
Industry-University-Research Cooperation & Key Project Tackling
customers' materials R&D systems while improving overall R&D efficiency.
Jointly applied for Hubei Provincial Innovation Projects with Wuhan University, focusing on technological
breakthroughs in the frontiers of new energy materials.Continued to advance Ningbo Municipal Scientific and
Technological Breakthrough Projects in collaboration with the Ningbo Institute of Materials Technology and
Engineering (CAS), Ningbo University, Ningbo Eastern Institute of Technology, University of Nottingham Ningbo
China, and other universities/research institutes to promote industrialization.
Cultivation & Recruitment of High-Level Talents
Collaborated with Zhejiang University, University of Science and Technology of China, and other institutions to
recruit 4 new post-doctoral fellows; completed exit evaluations for 4 post-doctoral fellows during the same
period. The current pool of in-station post-doctoral researchers has reached 22.Research directions fully cover
key fields such as sodium-ion battery cathodes, ternary cathodes, precursors, and solid-state batteries,
forming a high-level scientific research team with a balanced structure and focused direction.
Platform Construction & Efficiency Enhancement
Optimized process verification and sample development capabilities based on existing experimental platforms for
mid-to-high nickel ternary materials, sodium battery cathodes, phosphate cathodes, and solid-state battery
materials. Deepened the application of the Laboratory Information Management System (LIMS) within the testing
platform to ensure full-process traceability of experimental data. R&D efficiency and data standardization have
steadily improved, providing a stable and reliable platform for parallel R&D across multiple technical routes and
rapid iteration.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Culture Development
R&D Achievements To cultivate a data-driven and innovation-oriented culture across the organization, the Company placed particular emphasis on mindset
change and capability building. In 2025, the Company systematically delivered AI-related training programs to help employees adapt
The client-side comprehensive performance of nickel-manganese products ranks first. The annual shipment volume exceeds
employees to apply advanced technologies effectively to solve problems, drive business innovation, and create value. At the same time, the
The client-side comprehensive performance of lithium-rich manganese products ranks first. The cumulative shipment volume
of solid-state products is over 8 tons, and the liquid-state products have entered the hard case verification stage. Company enhanced its process governance framework centered on business architecture, developed an annual process development plan,
Hard carbon anode materials have completed ton-scale pilot-scale amplification, meeting the customer's demand for and improved document management standards through departmental document control training. These initiatives aim to build an
foundation for the deeper implementation of the Company's AI and digital strategy.
R&D Innovation Awards & Honors
AI-Enabled R&D Innovation — Cell Performance Prediction: "AI Industry Innovation Landmark Case"
We have actively carried out independent talent cultivation within the department and promoted government talent
certification. In 2025, 1 employee was selected for Ningbo's "Yongjiang Talent" Program, 1 for Ningbo Young and
AI has become a core engine driving industrial transformation and upgrading. Ronbay continues to
Middle-aged Leading Talent, 1 for Yuyao Outstanding Young and Middle-aged Talent, and 1 for Yangming Blue-collar
accelerate its digital and intelligent transformation, advancing the deep application of AI in the new
Talent.
energy materials sector. In conventional cell performance prediction, traditional cycle testing
Based on Rongbai's intellectual property achievements in the past two years, the Zhejiang Provincial Intellectual Property
typically takes up to one month, with long feedback cycles on process performance and poor
Administration exceptionally recommended Rongbai as a "National Intellectual Property Demonstration Enterprise" two
timeliness — significantly impacting product R&D and customer delivery experience. Ronbay
years in advance, and Rongbai ranked first in Ningbo, Zhejiang in the recommendation and public notice scoring.
pursued a focused strategy of data pipeline integration, hybrid model development, and business
scenario deployment, building an AI prediction model that combines early-stage cell material test
Digital Intelligence and AI Enablement data (from the first week of testing) to predict cell material performance in subsequent tests. The
prediction results can be used directly as a basis for R&D decisions and customer delivery.
Governance Through the application of cell cycle performance prediction, prediction time for cell performance
Ronbay's digital intelligence development strategy is led and fully owned by the Management Transformation and Digital Intelligence Center. In results has been reduced by 75%, significantly improving R&D and delivery efficiency.
development, and AI scenario deployment, building a top-level architecture for data-driven business innovation and intelligent decision-
making.
AI Empowers Production and Manufacturing
Strategy
The Company is committed to building an integrated platform
Ronbay has built a complete closed-loop system linking business
spanning the full value chain — R&D, production, sales, and
requirements to Industry 4.0 solutions: business units identify AI Empowers Production and Manufacturing
service — with AI and digital intelligence technology as its core
requirements and pain points, and the Engineering and
engine. Through deep integration of value chain resources, the
Manufacturing Division draws on its Industry 4.0 capabilities to
Company is developing an open and collaborative new energy
conduct requirements analysis, design customized solutions, and
cathode materials industry ecosystem, continuously
deploy algorithms — covering the full chain from problem
Mass Production Process
Intelligent Manufacturing
Equipment Development
Production Line Design
strengthening its comprehensive competitiveness in global
identification to technical delivery. In parallel, the Management
Lean Innovation
markets.
Transformation and Digital Intelligence Center acts as a
Impact, Risk and Opportunity Management technology enablement hub, overseeing the development of the
System Operations, Security, and Infrastructure Strengthening Group-level computing platform, building R&D large AI models,
In 2025, the Company completed a comprehensive upgrade of its global digital intelligence systems. By building a group-wide wide-area and providing dedicated technical support — continuously
network and off-site disaster recovery system covering China, South Korea, and Poland, the Company effectively ensured business continuity. injecting foundational capabilities and resources into front-end
On the business enablement front, SAP, OA, and budget management systems were optimized, and the SAP-QM module was successfully processes. This collaborative mechanism deepens the integration
deployed at the South Korea site to meet overseas compliance requirements. During the reporting period, financial automation upgrades and of business and technology, while platform-based enablement
in-house system delivery cumulatively saved over RMB 3.5 million in external operations and development costs, achieving 100% agile accelerates the scaled deployment of intelligent transformation.
response to business requirements — maintaining stable operations while delivering lean management and cost efficiency improvements.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Impact, Risk and Opportunity Management
Intellectual Property Protection: Safeguarding Innovation
Type Description Description
Governance
Delays in R&D or rapid technology iteration Establish a coordination mechanism between R&D and IP functions;
Ronbay has established an efficient and well-coordinated IP governance structure. Our Intellectual Property Department serves as the central may cause the Company to miss critical implement a tiered and categorized protection strategy; dynamically
Patent Portfolio
hub for IP strategy planning and execution, with dedicated teams covering patent portfolio management, patent analysis, commercialization, commercialization windows for patent assess technology readiness levels; conduct FTO (Freedom-to-Operate)
Timeliness Risk
and dispute resolution. Working in close coordination with the Legal Department, this specialist IP team is responsible for core IP matters filing, and may also erode the value of analysis and infringement risk assessments to maintain the ongoing
including portfolio development, commercialization, licensing, and litigation, as well as identifying and managing IP risks across the full R&D, existing patent assets. effectiveness of patent assets.
production, and sales value chain. This cross-functional collaboration provides strong organizational support for the Company's compliant
Differences in overseas regulations, and Implement localized legal strategies and conduct IP cross-border
operations and innovation-driven development. The Company follows the principles of protecting innovation outcomes, strengthening product Cross-Border IP the risks of IP disputes and trade secret transfers in compliance with applicable regulations; build a closed-loop
competitiveness, respecting intellectual property rights, and achieving commercial success. In strict compliance with domestic and Operations and leakage arising from multinational trade secret protection framework combining contractual agreements
international laws and regulations — including the Patent Law and the Anti-Unfair Competition Law — the Company has built a comprehensive Compliance Risk operations. and internal controls; develop a specialist team to proactively manage
management framework comprising over 20 internal policies, including the Intellectual Property Management System, the Patent Filing,
disputes and strengthen global trademark and copyright management.
Approval, and Incentive Policy, and the Overseas Patent Filing Management Policy, covering the full lifecycle of IP creation, utilization,
protection, and management. In 2025, the Company introduced two new policies — the Work Instructions for Intellectual Property Clause
Drafting and the Patent Value Assessment Guidelines — to further strengthen the strategic role of IP in R&D decision-making and commercial National IP Demonstration Enterprise Designation
partnerships. Key confidentiality protocols were also systematically upgraded to raise the standard of protection for the Company's core trade
secrets and technical know-how while improving overall management effectiveness. In 2025, the Company maintained its ISO 56005 Innovation and Intellectual
Property Management Capability Level 3 certification and its Enterprise
Intellectual Property Compliance Management System (GB/T 29490)
Strategy
certification, with the maturity of its management system receiving professional
In 2025, the Company worked toward its goal of becoming a leading enterprise in global IP protection in the cathode materials sector, actively recognition. Following its selection as a "National IP Demonstration Enterprise"
building a globalized IP strategy with a focus on two key dimensions: in 2023, the Company was awarded qualification to create a "2025–2027
Core patent portfolio development: Building a comprehensive, multi-layered IP protection framework through forward-looking patent National Intellectual Property Demonstration Enterprise" — in recognition of its
filings, global portfolio coverage, high-value patent cultivation, and strategic cross-licensing with competitors — providing robust support outstanding performance in IP strategy implementation, high-value patent
for global business expansion. cultivation, and risk management system development — significantly
Global risk management: Embedding IP risk identification, control, and mitigation into R&D, sales, and operations at every stage, enabling enhancing its external recognition and industry standing.
proactive risk prevention.
Dimension Strategic Direction Metrics and Targets
Volume Continuously grow the total patent count; strengthen international patent coverage; increase the proportion of By the end of 2025, the company's total cumulative number of patent applications is projected to reach 1618 ,
overseas patent filings.
Focus on priority R&D projects; build high-value patent portfolios around core patents; ensure effective
including
The number of PCT international applications is expected to be 70 , with 30 families having entered the national phase,
Quality
protection of technology outcomes while establishing technology barriers.
covering major global markets such as China, the United States, Europe, Japan, and South Korea.
Deepen patent intelligence analysis to support decision-making in R&D, investment and financing, and financial
Analysis
management. The patent application output of R&D personnel is anticipated to increase by 34% year-on-year, demonstrating the sustained
Optimize risk management processes; improve the timeliness of risk identification, early warning, and release of technological innovation vitality.
Risk Control
response.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Quality First: Delivering Excellence in Products and Service Strategy
Closely aligned with the Group's "New Integration" strategy, we have systematically developed its quality management strategic objectives to
Product Quality and Safety drive a comprehensive upgrade in quality management and support the Group's high-quality development through quality excellence. To
effectively implement this strategy, Ronbay has established three core objectives — improving physical product quality, strengthening the
Product quality and customer service are the foundation of trust between a company and its customers, and a key factor in earning quality management system, and developing quality talent — to be delivered in a phased short-, mid-, and long-term plan. In 2025, the
recognition and loyalty. Ronbay continuously advances its quality management system, implementing comprehensive quality management Company translated these objectives into specific initiatives across three dimensions — product quality, management systems, and talent
measures and making product excellence and superior customer service the cornerstone of its sustainable development. development — working in concert to continuously improve overall quality management capability and make steady progress toward its
strategic goal of achieving the highest quality standard in the global new energy industry.
Governance
The Company has established a Quality Management Department responsible for all product quality management matters. Responsibilities
for product quality management are clearly defined at both the Group level and the factory and site level, with quality targets linked to One Ronbay, one system, one
Stabilize quality management Comprehensive quality
individual performance — ensuring that quality management accountability is enforced at every level of the organization. Target standard, culture integration
performance management
Benchmarking-based quality System self-sustaining operations Comprehensive customer proximity
Management Tier Role and Responsibilities
management Talent management system Co-building a distinctive quality
Excellence quality system establishment culture
Strategy translation and deployment, policy and system design, professional enablement,
Group Content Quality digitalization Full lifecycle quality management High quality, beyond-expectation
innovation and improvement, target setting and management Quality culture development Quality culture co-development service
Quality enablement and talent Deep customer engagement to drive
Business Unit and Factory Business execution, target implementation and achievement development satisfaction
Guided by its quality management philosophy of "customer first, technology innovation, regulatory compliance, standardized management,
risk control, and continuous improvement," Ronbay continuously strengthens its quality management system. The Company conducts regular
Impact, Risk and Opportunity Management
internal audits of system performance each year to ensure the system operates with sufficient scope and effectiveness, identify gaps, and
drive timely improvements — thereby maintaining robust, high-standard product quality and safety. Ronbay Technology places high importance on product quality management. By carrying out full-lifecycle quality management, specialized
quality management programs, and quality culture development initiatives, the company comprehensively enhances its quality control
In 2025, all operational production sites achieved 100% certification to IATF 16949:2016 and ISO 9001:2015 quality management system capabilities, laying a solid foundation for producing products of exceptional quality.
standards. Hubei and Yuyao laboratories both obtained CNAS accreditation and continue to be managed in accordance with these
standards.
Ronbay has established a product quality management system covering all dimensions of the "5M1E" framework — man, machine, material,
method, environment, and measurement — implementing end-to-end precision management through procedural documents such as the Metal
Foreign Matter Control — Personnel Management Standard. During the reporting period, the Company introduced and updated several Process Quality Management
documents including the Material Classification Standard for Pending Items, the Internal Audit Control Procedure, and a series of supplier The company consistently regards full-lifecycle process quality management as a key pillar of product quality. By strictly implementing
management documents — further strengthening requirements for material classification, internal auditing, full-process supplier standardized operating procedures, strengthening control over key processes, and refining the quality risk early-warning and problem
management, and TPM maintenance. Through comprehensive quality management, the Company ensures product consistency and supply closed-loop mechanisms, we continuously improve process stability and product consistency, laying a solid foundation for the company's
chain resilience, effectively driving the continuous improvement of its quality management system. sustainable, high-quality development.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Total Productive Maintenance (TPM)
In 2025, Ronbay's JS site in South Korea successfully completed its TPM project,
establishing a site-centered foundational management system. Following an on-
site inspection, over 1,000 identified issues were rectified, effectively improving
frontline employees' ability to identify problems and drive improvements.
Improvement case studies were compiled and shared across the Company,
supporting greater stability in site management.
Product Recall Mechanism
To protect customer interests, Ronbay has established a comprehensive three-tier product recall system. When quality anomalies are
identified, the Company will immediately notify affected customers and initiate the recall procedure in accordance with the severity of the
issue, minimizing customer losses to the greatest extent possible. No product recall incidents occurred during the reporting period.
Metal Foreign Matter Management
Quality Culture Development
To drive ongoing product quality improvement and consolidate its benchmark position in the industry, Ronbay further deepened its metal
Ronbay places great importance on building a strong quality culture, and is committed to fostering a culture of quality that engages every
foreign matter controls in 2025, establishing high-standard metal foreign matter management protocols. Through rigorous quality
employee and is deeply embedded across the organization. The Company adopts a blended approach combining online and in-person training,
management standards, the Company upholds its responsible product philosophy and provides customers with safe, stable, and high-quality
ensuring that every employee receives comprehensive quality knowledge and practical skills. In 2025, nearly 200 training sessions were
product assurance.
organized throughout the year, with cumulative participation exceeding 10,000 person-times.
Metal Foreign Matter Control "SAW" Specialist Training — Xiaocao'e Site
The Group and manufacturing site metal foreign matter control specialist In 2025, the Xiaocao'e site continuously organized its "Solution A Week"
teams completed a review of nearly 100 control documents across 8 Group (SAW) quality problem analysis and improvement training program,
manufacturing sites, establishing metal foreign matter control requirements developing five specialist courses covering quality tools including 5 Why,
for each production stage and rolling these out across all sites. On-site PDCA, Pareto analysis, and 5W2H. Relevant processes were standardized
activities including copper and zinc wipe-down inspections and equipment and employees were encouraged to proactively identify, analyze, and
material verification were conducted to ensure compliance with metal foreign address quality issues — effectively improving the quality tool proficiency
matter control requirements. In 2025, the metal foreign matter pass rate (JMS and problem-solving capability of all staff.
< 30 particles, MI < 30 ppb) reached 99.77%, and the premium grade rate
(JMS < 15 particles, MI < 15 ppb) reached 89.44%, maintaining Ronbay's
position among the industry leaders in metal foreign matter control.
Metrics and Targets
Targeted Quality Initiatives
To drive continuous product quality improvement, the Company focused on core production processes and launched targeted quality
improvement initiatives including metal foreign matter control and Total Productive Maintenance (TPM). Through high-standard quality Product first-pass yield: 99.52 %
management, the Company upholds its responsible product philosophy and delivers safe, stable, and high-quality products to customers.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Process Measures
Hazardous Substance Management
Prior to procurement, key material suppliers are required to provide product test reports issued by qualified
Governance Raw Material third-party testing institutions.
Procurement
Hazardous substance management system qualification requirements for supplier production facilities are
Hazardous substance management forms part of the product quality and safety system, and its governance structure is closely aligned with incorporated into the supplier onboarding audit process and evaluated as a dedicated scoring item.
the overall product quality and safety management framework. This topic is overseen at the Group level by the Quality Management
Department, which is responsible for strategic planning, standard-setting, and monitoring. Day-to-day control, inspection, and improvement The Environmental Substance Management Regulations have been developed and implemented to
activities are carried out by the quality management departments at each production site. This two-tier collaborative management model systematize and standardize hazardous substance management processes.
ensures that hazardous substance management requirements are effectively implemented and consistently upheld across the full business The quality management departments at each production site are responsible for regularly updating the
chain. Production Process
Management inventory of applicable laws and regulations, organizing systematic compliance reviews and benchmarking
inspections, and conducting dedicated hazardous substance testing on production equipment. Controls
Strategy
across transportation, warehousing, and all other process steps are simultaneously strengthened to ensure
To fully meet international regulatory requirements and customer expectations, Ronbay has developed its hazardous substance management zero introduction of hazardous substances throughout the production process.
approach in reference to a comprehensive set of regulations and standards, including the EU Battery Regulation, the EU Packaging and
Quality management departments at production sites sample finished products and commission third-party
Packaging Waste Directive, the Restriction of Hazardous Substances Directive (RoHS), the Registration, Evaluation, Authorisation and Restriction
of Chemicals (REACH) regulation, the End-of-Life Vehicles Directive (ELV), and applicable limits on halogen content (such as chlorine and testing institutions to conduct hazardous substance testing.
Product Delivery
bromine) in products. The system is also aligned with IECQ QC080000 — Hazardous Substance Process Management (HSPM) requirements. The Group Quality Management Department centrally archives and manages hazardous substance test
Management
This has resulted in a full-process hazardous substance management system covering the entire chain from raw material procurement to reports for all outgoing products, ensuring that 100% of delivered products are certified through third-party
product delivery, with the goal of supplying customers with green, safe, and contaminant-free products.
testing.
Impact, Risk and Opportunity Management
Ronbay has built a hazardous substance management system spanning the full chain of raw material procurement, production, and product
delivery. The Company strictly adheres to the management principle of "do not accept, do not produce, do not ship" products containing
hazardous substances, relying on standardized processes and third-party professional test reports to ensure the effective implementation and
Metrics and Targets
reliability of the management system.
hazardous substances.
hazardous substances.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Customer Service Customer Complaint Management
Ronbay places great importance on the management of customer complaints. The Company has developed the Customer Service Control
Governance Procedure and the Customer Satisfaction Management Policy, among other documents. A comprehensive customer feedback channel and
complaint handling process has been established to ensure that customer needs and complaints are acknowledged, handled, and resolved in
Ronbay places customer service at the highest strategic level across the Group. Given the complexity of battery material systems and the a timely, thorough, and appropriate manner. Through complaint information collection and integration, regular analysis, and corrective action,
diversity of customer needs, we have established an "Iron Triangle" cross-functional project coordination mechanism, bringing together sales, and tracking and collaborative improvement, the Company operates a closed-loop customer complaint management system.
R&D, procurement, and engineering teams to respond to customer needs jointly, deliver end-to-end technical solutions, and build deep
customer partnerships. The Company has also established a systematic market research function that continuously tracks global new energy
policy developments and industry trends to guide customer development and sales strategy. In terms of customer development, the Company
Information Collection and A customer complaint information log is maintained to systematically collect, consolidate, and
focuses on strategic-tier customers, building stable long-term relationships through long-term supply agreements, priority capacity allocation,
Integration record complaint data, ensuring completeness and accuracy of information.
and joint R&D collaboration.
Strategy Cross-functional teams — spanning technology, production, quality, procurement, and sales —
Guided by a customer-centric service philosophy, the Company continuously strengthens its customer service system across pre-sales, in-
Regular Analysis and Corrective are convened regularly to jointly analyze complaint data, develop targeted corrective measures,
sales, and after-sales stages to improve customer satisfaction and response efficiency. A suite of management procedures has been
Action track the effectiveness of remediation, and drive systematic improvement of recurring
developed — including the Customer Requirements and Contract Review Control Procedure, the Customer Service Control Procedure, the complaint issues.
Customer Satisfaction Control Procedure, and the Customer-Specific Requirements Control Guidelines — to standardize management
processes and continuously improve customer response efficiency and satisfaction. Where customer complaints require external remediation, specific collaborative improvement
Tracking and Collaborative requirements are communicated to raw material suppliers through the procurement channel.
Impact, Risk and Opportunity Management Improvement Customer usage outcomes are continuously tracked to ensure end-to-end closed-loop
resolution of quality issues.
Customer Service Management
The Company has implemented a Customer Relationship Management (CRM) system, migrating the management of domestic and overseas
customers fully to an online platform. This enables traceable customer information, end-to-end sample process visibility, and full-chain control
of internal orders — improving customer experience and management efficiency.To further enhance customer satisfaction, the Company is Metrics and Targets
advancing the development of a digital supply chain traceability system, with the goals of achieving full product traceability, zero data errors,
and a nearly threefold improvement in traceability efficiency — using digital monitoring to ensure product quality and timely traceability
response. In 2025, the Company deepened customer relationship management through a range of initiatives, including company website and
WeChat official account promotion, participation in trade shows and forums, customized product development, priority production scheduling, In 2025, the company received a total of 9 customer complaints, with 0 Level C or above complaints (defined as those involving a
flexible payment terms, and one-to-one order tracking — driving continuous improvement in customer satisfaction.
total loss of over RMB 500,000 or a customer complaint compensation amount of over RMB 20,000).
Customer Recognition Awards and Honors As of 2025, Ronbay Technology has maintained a 100 customer complaint resolution rate for four consecutive years.
Far East Holding Group EVE Energy Qingtao Energy
Outstanding Supply Chain Green Partner Award Outstanding Technology
Partner Award Collaboration Award
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Green Operations
Energy Conservation, Emission Reduction, and Climate Change
Addressing
Resource Circulation and Recycling System Building
Green Manufacturing and Zero-Carbon Green Power Advancing
Co-creating Environmental Protection, Safeguarding Lush Mountains
and Lucid Waters
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Energy Conservation, Emission Reduction, and Climate Change Category Sub-Category Special Manifestations Potential Financial Impact Response Measures
Addressing Global policies on carbon
accounting, third-party audits,
Climate Change Addressing carbon taxes, and other Monitor policy developments in real-
Enterprise operational costs rise,
requirements are becoming time to adjust climate strategies. Pay
Climate change is a common challenge faced by all humanity today and the strongest driving force behind the global energy transition and the risk of non-compliance
increasingly stringent. attention to government climate
towards green and low-carbon development. As a globally leading new energy materials enterprise, Ronbay Technology is fully aware of its Policy & Law penalties increases. Policy-based
Industry subsidies are subsidies and establish a climate
pivotal role as a key hub in the global zero-carbon industry chain. In 2025, our company comprehensively benchmarked against the TCFD income sharply declines,
gradually being phased out, risk management system to alleviate
(Task Force on Climate-related Financial Disclosures) framework and the IFRS S2 (International Financial Reporting Standard S2 – Climate- compressing corporate profits.
and cost pressures are being pressure on corporate profitability.
related Disclosures) requirements, establishing a scientific climate change management system.
transmitted upstream through
the industrial chain.
Governance
Downstream enterprises
Ronbay Technology has established a top-down governance structure with clear authorities and responsibilities for addressing climate
impose stricter requirements Advance production line retrofitting
change, ensuring that climate-related issues are deeply integrated into our company's investment decisions and daily operations. The Existing production lines face the
on the performance and low- and introduce green, low-carbon
Corporate Ethics and ESG Management Committee leads and oversees the formulation of climate strategy objectives. Its subordinate risk of being phased out or idled,
carbon attributes of cathode equipment and processes. Achieve
Sustainability Department is responsible for identifying and assessing climate risks, tracking and managing carbon footprints, and regularly leading to asset impairment. The
materials. Changes in low-cost compliance through carbon
reporting progress upwards. Concurrently, by establishing a cross-departmental climate working group covering core departments such as Technology company's low-carbon transition
technology pathways lead to a market trading. Collaborate with
R&D, procurement, and production, we decomposes and rigorously implements annual energy conservation, emission reduction, and carbon and business transformation will
contraction in the company's upstream partners for synergistic
management targets. result in a significant increase in
ternary material market, carbon reduction to share R&D and
R&D and retrofitting expenditures.
Transition necessitating corporate transition costs.
Strategy
Risk transformation.
Ronbay Technology adheres to promoting green and low-carbon transformation through technological innovation. Its core approach is to
empower carbon reduction across the entire industry chain through carbon asset management, thereby enhancing awareness among all Through communication and
employees and the resilience of the entire industry chain, implementing quantified decarbonization pathways, and striving to become a research on customer procurement
If products fail to meet customers'
carbon-neutral benchmarking entity in the global new energy industry. Downstream customers are needs, accurately discern
performance and green
As a globally leading manufacturer of new energy cathode materials, Ronbay Technology consistently aligns with the global trend of green and gradually shifting their downstream green procurement
procurement standards, there is a
low-carbon transformation, actively responds to the Paris Agreement's goal of "limiting global warming to 1.5°C," and proactively undertakes Market preference towards high- trends. Use customer demands to
risk of order loss, leading to a
the social responsibility of low-carbon emission reduction. performance and green, low- drive internal technological
decline in the company's operating
carbon products. breakthroughs and product iteration,
revenue and profit margin.
building the core competitiveness of
Ronbay Technology commits: Achieve Net-Zero at the operational level (Scope 1+2) by 2030 the products.
Achieve Net-Zero across the industry chain (including Scope 3) by 2035 External demands for
corporate carbon
Negative carbon management
practices can affect investor
By establishing a reliable carbon
management system, conducting
management and information confidence, trigger market value proactive carbon management
disclosure are tightening. The fluctuations, and may severely practices and standardized
Reputation
Impact, Risk, and Opportunity Management company's carbon damage the company's reputation, disclosure, and utilizing various
management and disclosure thereby undermining the channels such as ratings and
To ensure the efficient operation of the carbon management system and actively address climate change, Ronbay Technology has established
practices will directly impact foundation of cooperation with publicity, shape an industry-leading
a scientific and standardized closed-loop process for managing climate-related risks and opportunities. The specific management process is
brand reputation. core customers. green brand image.
as follows:
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Category Sub-Category Special Manifestations Potential Financial Impact Response Measures Category Sub-Category Special Manifestations Potential Financial Impact Response Measures
The low-carbon advantage of
Systematically enhance the
Influenced by policies and local products helps to open up
Extreme disasters may directly disaster resilience of the
Physical Intensified global climate regulations, green products with high-end markets and can be
cause damage to and impairment company's own facilities through
change leads to frequent extreme low-carbon footprints are realized as high added value Continuously increase R&D
of fixed assets. In severe cases, risk identification and
weather events such as typhoons, accelerating to become essential and a green premium. investment in low-carbon processes
they can lead to work stoppages, assessment, hierarchical control, Technological
heavy rain, and floods, directly customer requirements. The Through forward-looking and solid-state battery cathode
Acute production halts, or supply chain and emergency response plans, Innovation
threatening the operational safety commercialization process of new layout in the supply chain for materials, building a globally top-
disruptions, resulting in delayed and extend climate risk Drive
of the company's own production technologies such as solid-state new products like solid-state competitive portfolio of green, high-
order delivery and potential management to the supply chain
bases and the upstream supply batteries is opening up new blue batteries, the company can performance material products.
losses from breach of contract access and evaluation system,
chain. oceans for cathode material build a second growth curve
compensation. collaborating with suppliers to
enterprises. and long-term profitability
jointly mitigate risks.
space.
Developing battery recycling and
To systematically enhance
material regeneration technologies Aligning with downstream
Physical
operational resilience, the customers' carbon reduction
Risk is a strategic choice for building a
company has established an Strategically deploy industrial chain
Global warming leads to extreme closed-loop supply chain, reducing needs enhances product
extreme weather early warning Resource circular recycling assets and
high temperatures, posing Extreme high temperatures can resource dependency, and market premium; mitigating
mechanism and implemented Efficiency and continuously promote the
challenges to the operational significantly increase energy enhancing competitive barriers. risks from raw material price
energy-saving retrofits for Circular development of renewable energy,
efficiency and stability of the consumption and costs for Advancing energy-saving retrofits volatility and energy costs
equipment to ensure the Transition Economy persistently raising the target for the
temperature control systems at temperature control. Water and distributed photovoltaic through material recycling
effectiveness of temperature proportion of green electricity usage.
Chronic production bases. Climate change scarcity will drive up water Opportunity applications is a clear path to and energy efficiency
control systems. Concurrently, it improvements.
exacerbates water scarcity in extraction costs and force reducing long-term energy costs
conducts water resource risk
certain regions, potentially additional investment in water and improving energy autonomy.
assessments and strives to
restricting production water conservation and environmental
advance the construction of Enhancing core
quotas and triggering compliance protection. Green manufacturing and circular Promote the application for green
reclaimed water reuse and water competitiveness through low-
and operational risks. economy projects can enjoy tax fiscal and tax incentives and special
conservation certifications to carbon product attributes
incentives and special fund drives growth in order volume funds through policy tracking and
address potential water scarcity Policy Support
subsidy policies. Proactively and market share. Improving interpretation. Deepen product life-
risks. and Market
responding to customer carbon project investment return cycle carbon footprint accounting
Access
footprint disclosure requirements rates and cash flow by and management, accelerating the
By delivering green and low- builds market and supply chain development of low-carbon and
applying for government-
carbon products, the company access barriers. zero-carbon products.
Advance frontier technology R&D specific green and low-carbon
can not only effectively enhance
The global energy transition and for green and low-carbon subsidies and tax reductions.
its order acquisition and
Product the "dual carbon" goals are driving products. Improve the product Projects with green and low-carbon Accelerate the R&D and
Transition bargaining capabilities but also
Demand the rapid development of the new life-cycle carbon management attributes are more likely to obtain management of green, low-carbon
Opportunity help shape an industry-leading Reduce capital costs and
Growth energy vehicle and energy storage system to connect with the sustainable financial support such products. Improve carbon emission
green brand image, thereby enhance capital acquisition
markets. incremental market with solid Green Finance as green credit and green bonds, accounting and information
translating this into tangible capabilities through green,
product competitiveness. enjoying lower financing costs and disclosure to ensure compliance
financial returns and brand low-interest financing.
premium. expanding dedicated financing with green finance standards and
channels. mitigate greenwashing risks.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Metrics and Targets Resource Circulation and Recycling System Building
Organizational-Level Carbon Emissions Circular Economy
In 2025, the total GHG emissions (including Scope 3) decreased by 37.7 % compared to 2024. Governance
GHG emission intensity decreased by 17.8 % compared to 2024. Our company promoted the establishment of an international recycling industry chain for spent batteries through strategic cooperation with a
U.S.-based battery recycling enterprise. In the same year, our company established a Recycling Division, clarified the strategic planning
blueprint for recycling. Based on the actual conditions of the circular recycling business, we split and integrated the technology R&D, battery
Product-Level Carbon Footprint (CF) recycling operations, and manufacturing operations modules into their corresponding specialized functional departments. This marks the
official transition of the circular recycling business from the planning phase to the implementation phase.
In 2025, the average carbon footprint of ternary products decreased by 16.45 % compared to
GHG Emission Verification Statement
In the organizational transformation, the Group, by establishing the "Ronbay Business" platform, integrated supply chain and customer
resources, aiming to provide the industry with an "integrated circular solution" through a comprehensive recycling system and advanced
recycling technologies, simultaneously promoting efficient resource utilization and product decarbonization. The R&D organizational structure
became more orderly, the scale configuration more rational, and the specialization of labor and collaboration mechanisms increasingly
improved, forming a virtuous cycle of "frontier exploration – technology development – solution output," which strongly supports our
company's strategic layout for the recycling business.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Strategy In 2025, Ronbay Technology comprehensively expanded its circular economy business footprint, successfully establishing a recycling market
and channel network covering the full spectrum of ternary, LFP, and sodium-ion battery categories. We deeply integrated with core customers,
Based on the current development trends of the industry, our company focused on building the recycling industry chain for spent batteries as providing a closed-loop cathode material solution of "material supply + spent resource recycling," effectively securing high-quality waste
the main direction of advancement. It collaborated with value chain leaders to create a global closed-loop battery recycling ecosystem, material resources.
strengthened the construction of a global recycling network, and enhanced the capability to obtain global recycled resources. Furthermore, we
emphasized the circular utilization and recycling of packaging materials and other materials in the production process. By defining a 3R Progress in Recycling Technology Breakthroughs and Pathway Developm ent in 2025
management strategy, it promoted resource regeneration and reuse, reducing the environmental burden.
The lithium salt purification process route successfully completed ton-level pilot-scale amplification and multi-batch
stability validation, and has been applied to the preparation of Lithium Manganese Iron Phosphate (LMFP) materials at
Skyland.
Regarding the resource recovery technology for phosphate cathode waste, pilot-scale development for the recycling of
different types of phosphate-based cathode materials was completed, achieving a technological breakthrough in
converting spent raw materials into battery-grade lithium and iron salts. This is currently being applied within the Product
Division.
The regeneration and recycling process for spent graphite anodes completed bench-scale research, with product
performance already comparable to that of commercial graphite.
Developed an integrated recycling technology for Lithium Iron Phosphate (LFP). By combining the integrated recycling
process with the original LFP cathode material production technology, this provides an integrated, closed-loop solution for
LFP that balances economic viability with technological advancement.
Developed a one-step lithium carbonate recycling technology, significantly shortening the process flow for producing
lithium carbonate products from recycling, reducing capital and labor requirements, and effectively lowering processing
costs. This technology is currently deployed on the recycling production line.
To support the development of the circular recycling business, Ronbay Technology is continuously advancing the organizational development
of the recycling R&D team, focusing on building a professional team with a complete structure, clear planning, and diverse composition. We
Impact, Risk, and Opportunity Management have established an R&D organizational structure of "two groups + four new areas." Through platform construction and project practice, our
company is gradually forming a reasonable talent echelon, significantly enhancing the professional coverage and collaboration capabilities of
R&D personnel. In this process, the team has accumulated solid experience in tackling key technical challenges and engineering conversion,
This year, our company's recycling business scope expanded significantly, with broader technology coverage, successfully completing market
forming a rational and complementary R&D force, providing a solid talent foundation for the continuous innovation of the recycling business.
and channel development for the recycling of three product categories: LFP, sodium-ion, and ternary. By establishing overall cathode material
solution partnerships with customers, it secured spent battery resources from core clients. Through technological R&D and equipment
innovation, it promoted cost reduction in recycling and improved circular recycling efficiency, extending from single lithium recovery to the
recovery of high value-added products from multiple valuable metals. In 2025, significant progress was made in core recycling technologies,
covering material purification, resource recovery, regeneration, and process optimization.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
North America Recycling Project Implementation Green Manufacturing and Zero-Carbon Green Power Advancing
In 2025, we made a strategic investment in a U.S. battery recycling company. This project, as the first piece of Ronbay's North Energy Management
American circular network puzzle, marks our company's leap from strategic planning to substantial implementation, serving as a
significant milestone in building a globalized and localized circular system. Against the backdrop of the global energy transition and the rapid development of the new energy vehicle industry, the low-carbonization of
The project precisely addressed key pain points in the North cathode materials has become a critical link for the entire industry chain to achieve net-zero emissions. Ronbay fully understands that
American local battery cell manufacturing industry chain, namely excellent energy management is not only an internal requirement for enterprises to reduce costs, increase efficiency, and ensure compliant
the raw material supply end and the singular recycling model, operation, but also a core competitiveness in responding to the green supply chain standards of global leading customers and meeting global
successfully constructing a short-cycle "waste-to-raw material" regulatory requirements. We integrate the concepts of "extreme energy efficiency" and "green energy" throughout the entire lifecycle of global
channel. This not only effectively meets the urgent need of local R&D and production, committed to providing greener new energy materials for the world.
cell customers for waste material resource recovery, but also
directly responds to customer demands for cost reduction in Governance
production and pressures for low-carbon transition. By providing
high-quality recycled raw materials, the project helps customers Ronbay Technology has established a clear energy management structure with defined authorities and responsibilities. The Group's
optimize their carbon footprint and enhance product ESG Sustainability Department, together with Business Divisions and Subsidiary Groups, is responsible for coordinating the energy strategy
competitiveness, winning market trust and strategic initiative for planning and energy efficiency target setting for domestic and international bases, promoting ISO 50001 Energy Management System
our company. certification, conducting annual "Energy Management Maturity" evaluations, and implementing regular supervision of the operational status of
each base. Each production base, as the execution entity, is responsible for decomposing energy targets, organizing and implementing energy-
saving technical renovation projects, and tracking emission reduction effectiveness through real-time data monitoring and energy efficiency
diagnostics. To ensure target achievement, our company has incorporated key energy efficiency indicators such as "energy consumption per
Metrics and Targets unit product" into the annual performance appraisal system for Group management and base heads, forming a management closed loop of
target setting, process execution, supervision and evaluation, and performance linkage.
Material Recovery Rate ： Our company complies with domestic laws and regulations such as the Energy Conservation Law of the People's Republic of China and the
Nickel 25-year comprehensive recovery rate:57 % (24-year comprehensive recovery rate: 20%) Measures for the Administration of Energy Conservation in Key Energy-Consuming Units, as well as energy management requirements in the
countries and regions where it operates. Each production base standardizes the energy management process by establishing system
Cobalt 25-year comprehensive recovery rate: 71 % (24-year comprehensive recovery rate: 30%）
documents such as Energy Consumption Quota Management and Energy Measurement System. In 2025, newly added and revised procedural
documents such as the Control Procedure for Identification and Evaluation of Energy Laws, Regulations and Other Requirements, Control
Manganese 25-year comprehensive recovery rate: 59 % (24-year comprehensive recovery rate: 29%）
Procedure for Objectives, Targets and Programs, and Control Procedure for Energy Review further improved the Energy Management System.
During this reporting period, the newly added Xiantao Ronbay Base obtained ISO 50001:2018 Energy Management System Certification.
As of the end of the reporting period, three factories have obtained Energy Management System Certification.
Strategy
Facing the green transformation trend of the global new energy industry, Ronbay Group has formulated an energy management strategy of
"Low-carbon Processes, Green Structure, and Digital-Intelligent Management." We deeply integrate energy management into new capacity
construction planning and existing production line upgrades. Core strategic actions include:
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Key Actions in Energy Management Energy-Saving Technical Renovation Measures Annual Energy Savings (MWh)
For high energy-consuming process steps, continuously promote equipment iteration.
Low-carbon Processes - Energy Significantly reduce electricity consumption per unit product by introducing new high-efficiency Refined operation of circulating water Energy saving via dehumidifier renovation
Efficiency Leap in Core Processes energy-saving roller hearth kiln technology, multi-temperature zone precise temperature control Photovoltaic power generation SVG power + transformer optimization
technology, etc. Energy-saving renovation of water pumps
Energy saving via extreme process in air
Installation of permanent magnet motors
Energy-saving renovation of production &
While vigorously promoting distributed photovoltaic power generation projects, actively separation testing equipment
Green Structure - Green Transformation participate in renewable energy market trading and Green Electricity Certificate procurement.
of Energy Structure Combined with our company's globalization strategy, increase the proportion of renewable
energy usage to meet global customers' demand for Zero Carbon products.
Gradually introduce an Energy Management System (EMS). Achieve "second-level monitoring, Renewable Energy Project Cluster - Xiantao - Europe - Southwest Base
Digital-Intelligent Management - real-time analysis, and anomaly alarms" for energy consumption such as water and electricity.
Building a Digital Energy Brain Utilize big data algorithms to optimize production line energy consumption and eliminate energy
The Xiantao Renewable Energy Project applied for
waste.
national-level pilot status in 2025. Meanwhile, based on
national and provincial-level policies, the preliminary plan
Impact, Risk, and Opportunity Management for the renewable energy direct connection project was
completed and submitted. Upon completion, this project is
Ronbay Technology incorporates energy-related risks and opportunities into the Group's overall risk management system. We closely monitor
expected to bring about 100 million kWh of renewable
the impacts of macro policies, market supply and demand, and climate change:
energy consumption annually to the Xiantao Base,
reducing annual electricity costs by over 12 million RMB
Risk Type Manifestation Response Measures and cutting carbon emissions by over 50,000 tons. The
Poland Base Renewable Energy Project is progressing
Policy and Market Compliance: Facing the domestic shift from Mitigate compliance and market access risks normally with tendering underway. The Southwest region is
"dual control of energy consumption" to "dual control of carbon proactively through pre-emptive green power conducting an inventory of green power resources,
emissions," and the mandatory battery carbon footprint procurement and LCA (Life Cycle Assessment) system communicating with the government to secure renewable
requirements of the EU Battery Regulation, the energy construction.
energy resources, and simultaneously undertaking
Transition consumption level of cathode materials directly determines
renewable energy planning.
Risk whether products can enter high-end international markets.
Cost Volatility: Fluctuations in traditional fossil energy and Lock in long-term energy costs by increasing the
electricity prices can affect production costs. proportion of self-built distributed photovoltaics and
signing long-term Power Purchase Agreements (PPAs) Metrics and Targets
for green power.
Extreme weather (e.g., high-temperature power restrictions, Develop comprehensive emergency plans, equip Green Electricity Usage/Proportion
Physical Risk floods) may cause grid power interruptions, causing significant emergency systems, and maintain close
losses to sintering kilns requiring continuous operation. communication with the local grid to enhance The proportion of green electricity usage for the entire group reaches
production resilience.
The proportion of renewable energy usage for Hubei Ronbang and Guizhou Ronbang exceeds 60 %.
Excellent energy management and a high proportion of green Actively improve energy efficiency management levels,
power usage can provide a "green premium" and priority plan ahead for low-carbon products, conduct regular
Opportunity procurement rights in intense industry competition. energy and carbon self-inspections, and closely
collaborate with downstream leading customers to
expand into global markets.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Co-creating Environmental Protection, Safeguarding Lush Compliance Risk:Regularly conduct internal and external compliance audits to identify potential risks arising from
Mountains and Lucid Waters Risk
changes in laws and regulations.
Sudden Environmental Incident Risk:In 2025, all bases completed the upgrade, review, revision, and filing of emergency
response plans for sudden environmental incidents. Specialized practical drills for extreme weather and chemical leaks
Environmental Compliance Management were added to enhance environmental emergency response speed and handling capabilities.
Ronbay regards environmental compliance as the foundation for its stable development and global operations. While strictly adhering to the High-standard environmental compliance management effectively enhances the green competitiveness of the customer
laws and regulations of its operational locations, our company proactively benchmarks against leading international environmental supply chain.
management requirements, deeply integrating compliance awareness into the entire lifecycle management of projects. Facing increasingly Opportunity Actively leverage the opportunities for technological upgrades brought by environmental compliance, increase
stringent environmental regulations and the green transformation wave in the new energy industry, our company consistently practices the investment in waste resource utilization, promote the transformation of "waste" into "resources," creating economic
philosophy of "ecology first, compliance foremost," committed to building a solid green defense line and achieving harmonious coexistence benefits while reducing compliance costs.
between the enterprise and the natural ecosystem.
Governance Metrics and Targets
In 2025, Ronbay further deepened its environmental management structure, designating the Environmental Safety Committee as the decision-
ISO 14001 Environmental Management System Certification coverage proportion for all operational bases (including those newly
making body for environmental management. It regularly reviews environmental topics and compliance performance related to water
resources, pollutants and waste, wastewater, air pollution, and biodiversity. By establishing dedicated EHS (Environment, Health, and Safety) operational in 2025) 100 %
management working groups, our company coordinates environmental compliance work across all bases and is simultaneously responsible No major environmental pollution incidents or significant administrative penalties occurred.
for updating environmental policies, conducting compliance audits and supervision, and promoting best practices across bases.
Our company incorporates environmental compliance indicators into the annual performance appraisal systems of departments at all levels
and key positions through accountability assessments, ensuring that environmental responsibilities are solidified layer by layer and
guaranteeing the effective operation of the environmental management system from an institutional perspective. Water Resource Management
Strategy Against the backdrop of intensifying global climate change and frequent regional water shortages, responsible water resource management is
key to building a highly resilient green supply chain for new energy. Ronbay Technology integrates the management philosophy of "responsible
Ronbay Technology has established a global environmental compliance and standard governance system. For overseas capacity expansion, sourcing, extreme using, and purified return" into the daily operations of its global production bases, committed to driving the industry towards
Our company has set up a dynamic regulatory tracking mechanism, focusing on responding to environmental legal requirements in overseas efficient water recycling and zero discharge.
operational regions. Through conducting special compliance evaluations, it ensures that overseas bases comply with international standards
from planning and construction to operation and management. Simultaneously, we proactively benchmarks against advanced international Governance and Strategy
environmental protection levels, continuously revises and implements core systems such as the Environmental Protection Management
Regulations and the Control Procedure for Identification, Evaluation, and Updating of Environmental Aspects, and deeply embeds high-standard Our company strictly complies with domestic laws and regulations such as the Water Law of the People's Republic of China, the Water
environmental requirements into the entire global production and operation process by promoting clean production technical renovations and Pollution Prevention and Control Law of the People's Republic of China, and the Water Pollution Prevention and Control Action Plan, as well as
process optimization. water resource management requirements in its operational locations. Referencing the requirements of the ISO 14001 Environmental
Management System, we has formulated systems such as the Water Usage Management Measures and Wastewater Discharge Management
Impact, Risk, and Opportunity Management Regulations to monitor and manage key water usage links in the production process. In 2025, documents like the Rainwater Management
System Handbook and Wastewater Treatment Management System Handbook were added or revised, further strengthening water resource
Our company has established a dynamic environmental risk assessment mechanism, incorporating environmental compliance risks into its utilization and management. Given the process characteristics of integrated upstream and downstream production of cathode materials, the
overall Enterprise Risk Management system. In 2025, all company projects underwent environmental impact analysis and obtained approval company has adopted a water management strategy centered on “source reduction, recycling, and advanced purification” to continuously
from local government departments. Among them, the Poland JS project passed a rigorous six-month review by provincial and municipal build green factories characterized by low water consumption and high recycling rates.
authorities and obtained the Environmental Impact Assessment resolution in November 2025, officially transitioning from the compliance
verification to the construction phase.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Reclaimed Water Reuse / Near-Zero Wastewater Discharge
Impact, Risk, and Opportunity Management
Waste Management
The Ezhou Base collects and treats the concentrated water generated during the pure water preparation stage of the production In 2025, our company revised the Solid Waste Management Regulations, detailing management requirements for solid waste storage and
process water washing, reusing it for cooling water towers. During the reporting period, 67050 m? of reclaimed water was reused. transfer and updating other content. The aim is to standardize classified waste management and ensure compliant disposal according to the
The Zhongbei Base utilizes an original abandoned circulating water tower pool as a rainwater collection pond, with sumps built actual types of solid waste and hazardous waste generated. Simultaneously, we advocates for the adoption of advanced processes and
around it. Rainwater flows naturally and is pumped into the circulating water tower, then discharged to the wastewater treatment production equipment to reduce waste generation and minimize production pollution.
station. After treatment, it is reused for plant area greening and sprinkling. In 2025, the base achieved zero external wastewater
discharge. Wastewater Management
Our company adheres to the principle of "separate drainage of rainwater and sewage, separate drainage of clean and polluted water,
segregated collection by quality, and classified treatment." Accordingly, it iterated a series of systems, including the Water Pollution Control
Impact, Risk, and Opportunity Management Management Procedure, clarifying source control requirements for production wastewater in each plant area. Currently, domestic sewage and
production wastewater generated by we are discharged into the pipeline network after pre-treatment meets the acceptance standards.
During the reporting period, Ronbay progressively established and refined its water risk assessment and response mechanism, ensuring
Meanwhile, through self-built facilities like wastewater treatment stations and ammonia stripping towers, wastewater is recycled and reused,
production continuity and ecological safety across diverse hydrological conditions at its global sites.
thereby minimizing pollutant discharge.
In 2025, production bases such as Ningbo Ronbay, Hubei Ronbay, Guizhou Ronbay, and Xiantao Ronbay installed online monitoring devices for
Water Resource Risk Assessment - WRI Aqueduct Water Risk Atlas production wastewater in accordance with relevant management regulations. The monitoring results are connected in real-time to local
government pollutant monitoring information platforms. Additionally, each subsidiary regularly commissions qualified third-party monitoring
In 2025, the Group's Sustainability Department introduced the World Resources Institute (WRI) Water Risk Assessment tool for the agencies to conduct self-monitoring, ensuring wastewater discharge meets the Emission Standard of Pollutants for Inorganic Chemical
first time, scanning the "Baseline Water Stress" for offices and production bases in China and overseas, completing a preliminary Industry before release.
assessment of short-, medium-, and long-term water resource risks at each operational location. For factories located in medium-to-
high water stress areas, we have set more stringent water-saving targets and emergency plans and will strictly monitor the Comprehensive Recycling of Solid Waste and Wastewater at the Zunyi Base
implementation of water resource utilization and recycling.
The Zunyi Base has built a production wastewater treatment station with a capacity of 1,500 m?/day. In 2025, it treated 42,724 m? of
production wastewater, with a discharge volume of 216 m?, achieving a wastewater reuse rate of 99.5%. Furthermore, the Zunyi Base
dismantles and disposes of ton bags produced in workshops. Inner bags that directly contact materials are treated as hazardous
Metrics and Targets
waste, while outer bags not in contact with materials are handed over to third parties for recycling. In 2025, the total amount of
recycled outer bags was 105.52 metric tons.
Target: 5 % reduction in total water withdrawal.
Progress: During the reporting period, total water withdrawal amounted to 106.95 million tons, representing a 9.1% Air Pollutant Management
decrease compared to 2024. Ronbay Technology strictly follows regulations such as the Air Pollution Prevention and Control Law of the People's Republic of China. It
formulates and implements internal systems like the Air Pollution Control Management Regulations at each production base to systematically
manage exhaust gases. For pollutants such as dust, sulfuric acid mist, ammonia, and hydrogen chloride generated during production, our
company is equipped with combined treatment facilities including high-temperature low-nitrogen burners, bag filters, spray towers, and
Pollutant and Waste Management activated carbon adsorption, ensuring exhaust gases are treated to meet emission standards. Moreover, each subsidiary regularly
commissions qualified third-party monitoring agencies to conduct organized and unorganized exhaust gas monitoring. The monitoring results
Governance and Strategy
meet national and local relevant limit requirements such as the Emission Standard of Pollutants for Inorganic Chemical Industry.
Ronbay strictly complies with national laws and regulations such as the Environmental Protection Law, Water Pollution Prevention and Control
Law, and Air Pollution Prevention and Control Law, as well as environmental protection requirements in its operational locations. Our company
continuously increases resource allocation for environmental protection, establishing and improving systematic environmental pollution
prevention and control mechanisms. It regularly maintains and services environmental protection facilities to reduce emission risks caused by
equipment failures. Through standardized whole-process control of wastewater, exhaust gases, and waste, we continuously enhances
pollution prevention, control, and emission management levels.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Metrics and Targets Utilize tools like IBAT (Integrated Biodiversity Assessment Tool) to screen the coordinates
Spatial Location
of the global production bases, assessing their spatial overlap with legally protected areas
Verification
During the reporting period, the total discharge of hazardous waste decreased by 13.3 %, achieving the Identification
and High Conservation Value (HCV) areas.
Risk Categorization and
Physical Risks: Impacts of extreme weather and ecosystem degradation (e.g., drying up of
water sources) on continuous factory production.
During the reporting period, particulate matter emissions per unit of output decreased by 5.9 %,achieving Management Transition Risks: Compliance and reputational risks arising from scrutiny of ecological
the 2025 target of a 5 % reduction in particulate matter emissions per unit of output. damage from critical minerals under the EU Battery and Waste Batteries Regulation and the
EU CSDDD.
During the reporting period, no administrative penalties related to the ecological environment were received. Incorporate Biodiversity protection into the supplier ESG on-site audit checklist. For
Supplier ESG Audits suppliers found with major ecological violations, require rectification within a deadline and
Ecosystem and Biodiversity Protection Response and continuously follow up on progress, linking it to supplier procurement ratings.
Management
The prosperity of nature is the cornerstone of sustainable development for human society and business. Facing the challenges of global Ecological Restoration Actively carry out ecological restoration activities such as afforestation around factory
ecosystem degradation and species extinction, Ronbay actively responds to the Kunming-Montreal Global Biodiversity Framework and the and Compensation operations.
Taskforce on Nature-related Financial Disclosures (TNFD) initiative. We commit to integrating the "Nature Positive" concept into factory site
selection, operations, and the global critical mineral supply chain management while promoting the global new energy vehicle industry's
transition to net-zero emissions. We are dedicated to severing the link between the new energy industry chain and deforestation/habitat
"Planting" This Verdant Green, Co-building a Vibrant Ronbay - Arbor Day Series Activities
destruction, safeguarding the integrity of the Earth's ecosystems.
Governance and Strategy Trees are important micro-circulation hubs in ecosystems. During Arbor Day 2025, Ronbay
We strictly adheres to relevant laws and regulations such as the Regulations on Nature Reserves and the Biosafety Law, as well as Technology's various bases simultaneously carried out afforestation activities. Focusing on
requirements in overseas operational locations. In 2025, we publicly released its Biodiversity Protection Policy and added management planting native tree species, we continuously enrich the vegetation diversity in and around the
documents such as the Biodiversity Protection Management Procedure and Biodiversity Assessment Form, constructing a full-process plant areas, improving the micro-ecological environment, allowing green manufacturing and
ecological protection system. It scientifically assesses the impact of base construction on local biodiversity during the planning and site natural vitality to resonate in harmony at Ronbay.
selection and improves biodiversity levels within the plant area during the construction and operation phases, striving to reduce the negative
impact of activities on the natural environment. Our company has assessed the impact of nature-related risks and opportunities on its
business model, strategy, and financial planning in the short, medium, and long term, formulating a dual-track biodiversity strategy:
Korea JS ENERGY Environmental Clean-up Activity
During site selection for new production capacity globally (e.g., China, South Korea, Poland, etc.), strictly implement
In July 2025, Jaese Energy, the South Korean subsidiary of Ronbay Technology, carried out an
Direct Environmental Impact Assessments (EIA), conduct ecological baseline surveys, and avoid Key Biodiversity Areas (KBAs)
"Environmental Cleanup Volunteer Relay Activity" in Dajowon-myeon, Chungju-si, South Korea.
Impacts and ecologically fragile zones.
Approximately 20 employees from Jaese Energy ventured into industrial zones, local elementary
Continuously promote water resource recycling and zero pollutant discharge management in factories to reduce indirect
schools, and residential areas to conduct waste cleanup. Additionally, the company supported
impacts on local aquatic ecosystems caused by water pollution or excessive resource consumption.
vulnerable groups through various initiatives such as winter solstice kimchi-making and targeted
For critical minerals such as nickel, cobalt, and lithium required for cathode materials, we recognize significant nature- donations, actively fulfilling corporate social responsibilities and fostering harmonious
related risks in upstream mining, including deforestation, soil degradation, and tailings pollution. We promotes supply relationships among the government, enterprises, and the public.
Indirect
Impacts chain traceability, prioritizing the procurement of minerals certified under international standards like IRMA.
Vigorously develop battery recycling and regeneration businesses. Using recycled materials directly reduces the demand
for primary mining, alleviating habitat destruction caused by mining at the source.
Metrics and Targets
Impact, Risk, and Opportunity Management During the reporting period, none of our company's production bases or operational sites were located within nature reserves or
other biodiversity-rich areas. Our company's operational activities, product production, and transportation did not have a significant
In 2025, the company established a systematic process for managing nature-related impacts and risks based on the TNFD’s LEAP
negative impact on biodiversity.
methodology (i.e., Locate, Evaluate, Assess, and Prepare), and integrated it into the Group’s sustainability governance framework:
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Co-responsibility for
Shared Wins
Global Layout, Ensuring Manufacturing Flexibility
Collaborative Progress, Forging a Green Chain
Ethical Procurement, Implementing Responsible Minerals
Local Integration, Supporting Community Development
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Global Layout, Ensuring Manufacturing Flexibility Collaborative Progress, Forging a Green Chain
Against the backdrop of geopolitical shifts and changes in the global trade landscape, Ronbay Technology steadfastly advances its Responsible Supply Chain Management
globalization strategy, staying close to core markets and customers, and building a global industry chain covering raw material procurement,
production manufacturing, and end delivery. Governance
In 2025, Ronbay Technology strategically upgraded its supply chain management system. By establishing dedicated departments, it deeply
integrated ESG and sustainability requirements into the entire management process, forming a new governance architecture centered on
The Phase II 50,000-ton high-nickel ternary project at the Ronbay Commerce and integrated with the Industry Chain Sustainability Department. This system enables full-process management from
South Korea JS (Chungju) Base successfully completed supply chain development, access review to daily supervision and assistance for improvement. It transforms responsible procurement from a
Asia Capacity Leap management concept into institutionalized operational norms, enhancing our company's own supply chain governance while guiding industry
commissioning in 2025, further consolidating our
chain partners to benchmark against international compliance standards and earnestly fulfill the social responsibility of industry chain
company's position as a core hub for new energy
collaboration.
materials in the Asia-Pacific region.
The construction of the Poland cathode material base
officially commenced, marking the full acceleration of
our company's localized supply capabilities in Europe,
European Footprint Established
providing solid assurance for the localized, low-carbon
procurement needs of global mainstream automakers
and battery customers.
Strategy
Ronbay Technology continuously deepens its "New Integrated Supply Chain" strategy, leveraging its full industry chain layout to build a
responsible and sustainable global supply network. In 2025, our company comprehensively upgraded its supply chain governance system,
deeply benchmarked against the compliance requirements of the EU Batteries Regulation, revised the Supplier Code of Conduct, and for the
first time implemented the Ronbay Supplier Sustainable Development Agreement. We extend full value chain ESG requirements to the source
of mines and fully embed supply chain management into our risk control system, systematically enhancing the compliance foundation of the
globalized supply chain.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Impact, Risk, and Opportunity Management
Ethical Procurement, Implementing Responsible Minerals
Supplier Qualification Ronbay Technology is committed to building a compliant and transparent global mineral supply chain, and pledging to reject conflict minerals.
Ronbay Technology places high importance on supplier qualification management, strictly implementing supplier qualification assessment Our company has established a full-process assessment framework by improving the Responsible Global Supply Chain Due Diligence
and audit mechanisms to ensure partners possess stable supply capabilities, excellent quality management systems, and sustainable Management Policy and embedding responsible procurement clauses into supplier contracts. As of 2025, we have promoted 15 refining
development capabilities. suppliers to obtain a total of 25 RMAP certifications (covering nickel, cobalt, manganese, lithium), an increase of 6 compared to 2024.
Simultaneously, by continuously conducting supplier capacity building and best practice sharing, our company guided industry chain partners
Supplier Qualification Process to improve ESG capacity building, achieving a transition from compliant procurement to sustainable governance.
Industry Engagement
Driven by technological innovation and green, low-carbon development, Ronbay Technology deeply participates in industry sustainable
Supplier Supplier Potential Material/Part Qualified Supplier PPAP
Sourcing development initiatives. In 2025, our company served as Deputy Director Committee Member of the China Nonferrous Metals Industry
Information Supplier Trial Supplier
Survey Review Audit Approval Association and actively promoted responsible industry chain construction as a member of the Responsible Critical Minerals Initiative (RCI).
Meanwhile, by participating in industry summits such as GGII Lithium Battery Annual Conference(GGLB) and GGII Sodium Battery Annual
During the reporting period, our company continued to strengthen the weight of ESG in supplier qualification assessments. The proportion of Conference, we shared insights on global development, fostered industry consensus, and contributed to the healthy and sustainable
ESG content in the comprehensive evaluation for supplier qualification increased from 10% in 2024 to 30% in 2025, with new requirements development of the battery materials industry.
added for supply chain compliance traceability. Furthermore, in 2025, the Ronbay Supplier Sustainable Development Agreement was
formulated and implemented, requiring suppliers to conduct internal management on issues such as climate change, energy conservation and
emission reduction, recycling, ESG governance, and responsible mineral procurement, and to cooperate in executing supply chain traceability
The 15th GGLB Annual Conference & GGII Golden Ball Awards Ceremony & Sodium Battery Annual Conference
matters.In 2025, a total of 11 enterprises were not included in our company's supplier cooperation list due to failing to meet relevant
qualification requirements. From November 18 to 20, 2025, the 15th GGLB Annual Conference & 15th
Anniversary Celebration & GGII Golden Ball Awards Ceremony grandly
Supplier Assessment and ESG Management
commenced in Shenzhen. With the theme "Fifteen Years of Stirring, Looking
Ronbay Technology is committed to deeply integrating ESG concepts into the supply chain due diligence management system. Relying on a
Forward to a New Journey," leaders from top enterprises across all segments of
dedicated organizational structure and management system, it has built a closed-loop mechanism from multi-dimensional auditing to
the lithium battery industry chain gathered. Bai Houshan, Chairman and
differentiated management. Our company requires suppliers to fill out the Sustainability Audit Form to comprehensively assess their actual
President of Ronbay Technology, was invited to attend and delivered a keynote
performance in key dimensions such as human rights, environment, safety, business ethics, greenhouse gases, and biodiversity. Based on ESG
speech titled "Platform-based Materials Enterprise – The Arrival of the 'Energy
performance and comprehensive assessment results, we implement dynamic management of suppliers from grades A to E. Those with
Singularity' in the New Energy Era." During the awards ceremony, based on
excellent ratings are given business support and resource sharing incentives. Those failing to meet standards are assisted in rectification
outstanding innovation and significant contributions to the lithium battery
through communication, guidance, and third-party training. For those with ineffective rectification or serious violations, downgrading or even
industry, Chairman Bai Houshan was selected as the "Fifteen-Year Influential
suspending cooperation is resolutely enforced as an exit mechanism. This comprehensively urges and empowers partners to improve their
Leader."
ESG performance, ensuring the safety, compliance, and sustainable development of the entire supply chain.
On December 12, 2025, the GGII Sodium Battery Annual Conference with the
theme "Breaking the Ice of Commercialization, Tackling Industrialization,
Metrics & Targets
Expanding the Ecosystem Circle" was successfully held in Shenzhen. As one of
the session title sponsors, Ronbay Technology gathered with representatives
The company's annual completion rate for active supplier assessments reached from upstream and downstream enterprises in the industry chain, application
The average compliance rate of ESG due diligence results was 88.42 %.A total of 31 supplier audits
ends, and investment institutions to jointly explore the development path of the
sodium-ion battery industry. The General Manager of Ronbay Technology's
were conducted (excluding additive suppliers). Sodium-ion Battery Division was invited to deliver a keynote speech on the
A total of
"Industrialization Process of Sodium-ion Battery Cathode Materials," sharing our
company's strategic layout and latest breakthroughs in the industrialization of
closed upon maturity, achieving a timely rectification rate of 96.43 %. sodium-ion battery cathode materials.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Local Integration, Supporting Community Development Sino-Foreign Employee Cross-Cultural Exchange Activities
Cultural integration is a core competency for globalized enterprises. In 2025, Ronbay Technology systematically carried out a series
Community Communication and Engagement
of Sino-foreign cultural exchange activities, including cross-cultural collaboration workshops and multilingual salons, effectively
With the deepening advancement of Ronbay Technology's globalization strategy, we have established a community engagement model with a reducing communication costs in transnational collaboration.
global perspective and localized operation. In all global operational regions, we consistently adhere to building long-term, transparent, and
mutually beneficial partnerships with local communities, striving to ensure that manufacturing bases play a significant role in local Poland JS "Sino-Polish Dumpling Sino-Korean Cross-Cultural
development. Culture Salon" Integration Workshop
Bases in Chinese mainland: Deep Cultivation and Integration, Building Harmonious Neighborhoods
Rooted in major domestic industrial bases, adhering to the philosophy of "embedding locally, building harmony together," and through regular
public communication mechanisms based on transparency and mutual trust, we ensure corporate operations align with community interests.
Overseas Bases: Cultural Exchange, Fulfilling Global Citizen Responsibility
In advancing the globalization strategy, Ronbay Technology uses overseas bases as bridges, strictly benchmarking against international ESG
standards and local laws, and is committed to fulfilling the responsibilities of an excellent global citizen. We adhere to "localized operation"
and "cross-cultural integration," building deep mutual trust. While exporting core green energy technologies, we win community recognition
with a responsible and warm-hearted approach.
Guizhou Ronbay New Year Enterprise-Community Activity
During the New Year period, Guizhou Ronbay organized an appreciation activity for
neighboring villagers to strengthen relations and promote shared development.
JSEE Poland Base Public Relations and External Communication
In 2025, the construction of Ronbay Technology's JSEE Poland Base officially commenced,
marking a new stage in our company's globalization strategy. During this critical period, our
company, with a professional and forward-looking perspective, deepened communication
and cooperation with various levels of Polish government, business associations, and
development institutions. By building a systematic framework of mutual trust, it ensured the
JSEE project's deep integration into local regional development plans, supported by
compliant operations and policy.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Shared Growth
and Collaboration
Openness and Equality: Protecting Employee Rights
Empowerment and Development: Supporting Employee Growth
Strengthening Safety Excellence and Safeguarding Occupational
Health
Humanistic Care: Building a Harmonious Workplace
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Compensation and Benefits
Openness and Equality: Protecting Employee Rights Ronbay Technology follows the principles of “equal pay for equal work” and “pay based
on performance.” To support our global development strategy, we have established a
Global Employee Benefits Overview
remuneration and benefits system that balances local compliance with regional Statutory Benefits
Fair Employment and Rights Protection differences.In 2025, we continued to improve our incentive and benefits framework by Health and Wellness Benefits
introducing the Employee Rewards and Disciplinary Policy, Employee Exit Management Holiday and Cultural
Ronbay Technology strictly follows compliant employment practices and human rights protection in our global operations. We regard Engagement Benefits
Policy, and Attendance and Leave Management Policy. Through regular industry
“openness, equality, and inclusion” as the core foundation of our talent management.We are committed to breaking barriers of nationality, Targeted Benefits for Overseas
benchmarking and dynamic optimization of our pay structure, we ensure that key
Employees
culture, and gender. We build a global talent management system and employee rights protection framework that covers all regions where we positions remain highly competitive in the market.In terms of benefits, we have built a Living Support Benefits
operate. By providing a fair and transparent working environment, we ensure that every employee can grow with respect and protection. This comprehensive global benefits framework covering multiple dimensions. In addition to Incentive Benefits
supports sustainable talent development and provides strong internal momentum for our global expansion. statutory social insurance, we provide a wide range of benefits, including healthcare, Restricted Equity Incentive Plan
daily living support, holiday benefits, and long-term equity incentives. These initiatives
Governance and Strategy enhance employees’ sense of well-being and belonging worldwide.
Ronbay Technology adheres to a “people-oriented and globally inclusive” philosophy. We integrate compliant employment and employee rights
protection into our global strategy, aiming to become a highly attractive and inclusive employer in the global new energy materials industry.In Impact, Risk, and Opportunity Management
global workforce layout and made targeted progress in building overseas HR systems. We enhanced the traceability of employee rights
protection and the visibility of career development.We strictly comply with the laws and regulations of all operating locations and proactively
align with international standards, including the Universal Declaration of Human Rights (UDHR) and the International Labour Organization As we rapidly expand our overseas production capacity, differences in labor laws across countries create cross-border
Conventions (ILO Conventions). During the reporting period, we further standardized employment, compensation, and promotion management Risk compliance risks. Cultural differences may lead to workplace conflicts and management friction. Intensifying
by issuing the Campus Recruitment Compensation Management Measures and Personnel Appointment Procedures, and by revising the
competition for talent in the global new energy materials industry also increases the risk of talent attrition.
Recruitment Management Policy. These efforts provide strong governance support for our global talent strategy.
Recruitment
Ronbay Technology adheres to strict compliance in employment and firmly prohibits child labor and all forms of forced labor. In our
Building a highly inclusive cross-cultural workplace can significantly enhance our ability to attract and retain top global
recruitment practices, we strictly follow the laws and regulations of each operating location and conduct fair and transparent hiring through
Opportunity R&D and management talent. High-standard labor rights protection helps meet the stringent ESG requirements of
open channels.We sign labor contracts with all employees in accordance with applicable laws and ensure that employment terms are clear
and transparent. We apply the principle of equality throughout recruitment, promotion, and compensation management, and we eliminate all leading international automotive and battery customers, thereby strengthening our supply chain competitiveness.
forms of employment discrimination. In addition, we enforce conflict-of-interest avoidance rules for relatives to ensure objectivity and fairness
in talent selection.
Openness and Equality Global Talent Framework Development and Regional Compliance Deepening
Ronbay Technology actively implements an open, equal, and inclusive talent policy framework. We are committed to providing a fair In 2025, the Human Resources function focused on our global strategy and systematically built a global talent development system. In
development platform for employees from diverse backgrounds.We strictly uphold equal opportunity across recruitment, compensation, and response to the laws and regulations in the United States, Poland, and South Korea, we revised 8 core management policies and conducted
promotion, and explicitly prohibit discrimination based on nationality, race, ethnicity, gender, age, marital status, health condition, religion, or more than 100 specialized training sessions for overseas talent, covering a total of 1,935 participants.At the same time, we implemented
any other factor. localized incentive and benefit policies to improve talent fit and organizational support. Through strengthened compliance management and
We have also established policies and mechanisms to prevent and address workplace harassment, aiming to foster a respectful working capability development, we have established a solid talent foundation for the achievement of our international strategy.
environment. During the reporting period, no incidents of discrimination or harassment occurred.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Global Employer Branding Development Anti-Discrimination and Anti-Harassment Training under California Labor Law (U.S.)
Upgraded Compliant Leave Policy ：We aligned with California’s statutory requirements on paid leave accrual, payout obligations upon
termination, and public holiday regulations (including Lunar New Year where applicable). We optimized leave approval workflows and leave
Ronbay Technology actively establishes a structured campus recruitment calculation standards, and improved internal processes to ensure employees’ leave entitlements comply with local legal requirements while
communication mechanism, including online outreach to overseas universities and enhancing employee experience and compliance assurance.
dedicated promotion of overseas positions through domestic WeChat public Anti-Discrimination and Anti-Harassment Framework Development ：In accordance with California’s strict standards on workplace discrimination
platforms. Employer branding content is also regularly published on LinkedIn to and sexual harassment, we established the Workplace Violence Prevention Management Policy, which defines zero-tolerance principles and clear
enhance global visibility. These efforts aim to strengthen our employer brand response procedures. We set up a dedicated incident log for workplace violence cases and conducted company-wide training sessions to
influence and promote Ronbay as a “Fifth-Type Enterprise,” attracting top-tier global strengthen awareness, thereby reinforcing employee rights protection and ensuring a safe and respectful working environment.
talent to join the Company.
In 2025, leveraging outstanding human resource management practices, strong
employer brand influence, and a deep corporate culture foundation, the Company
Talent System Development at JS and EMT Bases in Korea
was honored with the “2025 China Best Employer – Ningbo Best Employer” award by
Zhaopin. This recognition not only reflects the Company’s achievements in talent
Aligned with ESG principles, JS and EMT in Korea have completed key system development across four major areas: talent development and
attraction, employee engagement, and career development platform building, but
performance evaluation incentives, organizational governance and procedural mechanisms, policy alignment and social value creation, as well as
also demonstrates Ronbay Technology’s leading role in regional economic
education, training, and employee integration.These efforts continuously strengthen the institutional foundation of our Korean entities in talent
development and talent advancement as a global new energy materials enterprise.
development, organizational governance, and social collaboration.
System Area Key Actions Outcomes
Advanced the design of a localized cross-level promotion
system in Korea, establishing a mechanism based on Addressed the previous limitation of a seniority-only promotion
Analysis of Large-Scale Recruitment Trends in Poland, Europe, and Supporting System Development Talent
“performance points + tenure + peer ranking within the system without cross-level pathways. Enabled quantifiable,
Development and
same level.” Introduced a localized KPI algorithm for accumulative, and promotion-relevant performance evaluation
Performance
functional roles in Korea, forming an integrated results, improving fairness, transparency, and predictability of
In response to the large-scale recruitment trend in Poland, Europe, we have Incentive System
mechanism of “performance rating conversion – points the system.
established a systematic supporting framework. We have signed agreements with accumulation – promotion threshold.”
three local professional recruitment agencies, initially building a multi-channel talent
sourcing network. At the same time, we have completed market compensation Organizational Completed organizational restructuring of the JS plant, Defined organizational boundaries and responsibilities,
benchmarking and industry research, providing data support for precise recruitment Governance and clarified job responsibilities and reporting lines. improved governance clarity and operational standardization,
strategy development. Procedural Established promotion committee review rules, evaluation and provided a solid institutional basis for future organizational
Mechanism procedures, and objection handling mechanisms. adjustments and personnel decisions.
In terms of channel expansion, we have actively participated in several recruitment
fairs targeting Chinese enterprises to strengthen access to local talent pools. We are
Integrated government support programs such as
also advancing cooperation discussions with Adam Mickiewicz University in Poznań employment stability and industrial settlement into
to establish a university–enterprise talent pipeline. Built a structured capability to access policy-based funding
Policy Alignment routine HR application management, establishing
support, strengthened coordination between the company,
These initiatives are being systematically integrated to build a comprehensive and Social Value mechanisms for eligibility verification, documentation
government, and educational institutions, and enhanced ESG
recruitment system in Poland, covering channel development, market insight, and Mechanism preparation, and application tracking. Promoted
practice as well as sustainable local talent supply.
talent pipeline construction. university–industry cooperation and internship linkage
programs.
Organized skill training, safety education, and job
Education, Training Transformed non-production periods into capability-building
adaptation programs during production downtime and
and Employee cycles, improved employee adaptability and understanding of
low-load periods. Continuously provided online Korean
Integration internal policies, and strengthened organizational resilience
language training, safety education, and basic policy
Mechanism and cross-cultural collaboration.
onboarding for expatriate employees.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Responsible Ecosystem and Shared Value: Employee Relations and Corporate Sustainable Development Strengthening Grievance Mechanisms and Reinforcing Human Rights Protection
In 2025, to support our ecosystem-oriented strategy, we systematically advanced employee relations management and responsible corporate Ronbay Technology actively responded to evolving regulatory requirements across global regions and the high standards of core customers
branding under an ESG framework across three dimensions: policy system development, organizational communication, and brand regarding human rights compliance in the supply chain. We further integrated “respect and protection of human rights” into our governance
communication.At the internal management level, we completed the optimization of policy and procedural systems covering six key modules, system.During the reporting period, we officially issued and implemented the Employee Communication and Grievance Mechanism, aiming to
including employment relations, labor risk management, attendance, basic HR administration, non-compete management, and international establish a transparent, safe, and traceable communication channel. The mechanism provides an anonymous online platform and an
assignment. In parallel, we continuously enhanced employee satisfaction through regular organizational climate surveys and employee independent reporting mailbox, ensuring that all stakeholders, including frontline employees and contractors, can freely raise concerns related
dialogue sessions.At the external communication level, we proactively published bilingual (Chinese and English) policy documents on our to labor rights, workplace discrimination, and occupational health and safety. A strict “non-retaliation” policy is enforced to protect
official website, including the Ronbay Code of Conduct, the Ronbay Technology Labor Rights Protection Policy, and the Employee Grievance complainants.
and Communication Mechanism. These disclosures clearly communicate our commitments to labor rights protection and business ethics to During the reporting period, no severe human rights incidents, forced labor cases, or child labor incidents occurred within the Company.In
stakeholders, systematically shaping a compliant, transparent, and sustainable global corporate image. 2026, we will systematically conduct human rights due diligence assessments to ensure that the legitimate rights and interests of all
employees—including our own employees, contractors, and supply chain workers—are equally protected across all operating locations.
Employee Dialogue Sessions
HR Digitalization and Information System Development
In 2025, in response to the Group’s global development needs, we focused on upgrading our HR digitalization system to improve management
Employee dialogue sessions are held multiple times each year across both efficiency and optimize end-to-end processes.We established a centralized payroll calculation system for the entire Group, fully aligning
group and department levels. Group-level meetings are typically conducted business rules and integrating payroll standards across one headquarters and nine production bases. This enabled unified, standardized, and
in January and August each year, with additional periodic discussions held compliant payroll processing.At the same time, we built a fully digitalized end-to-end HR workflow covering workforce planning, manpower
at management levels throughout the year. At the department level, requisition, offer management, and onboarding. The system is further integrated with online attendance management, employee movement
employee dialogue sessions are generally organized on a quarterly basis, processes (entry, transfer, and exit), and payroll calculation and payment, forming a complete closed-loop HR management system.The
while smaller teams also hold weekly meetings. system now covers the entire Group and is designed with strong scalability, allowing rapid deployment for new sites and bases. It significantly
These communication mechanisms help clarify work priorities and reduces manual HR workload, improves operational efficiency, and provides robust digital infrastructure support for the Group’s global HR
expectations for both departments and individual employees. They also strategy. It also strengthens employee rights protection and ensures consistent compliance in HR management.
provide a timely channel to address difficulties and resource needs,
improving issue-resolution efficiency. Through strengthened communication
and alignment, employees work toward shared goals, enhance collaboration,
and collectively support the achievement of the Company’s objectives.
Annual Employee Recognition and Awards
In January 2025, the Company successfully completed the 2024 annual
performance recognition program. At the group level, a total of 245
awards were issued, including 227 individual awards and 18 team awards.
At the level of business units and subsidiaries, a total of 399 individual
awards and 47 team awards were granted.These awards serve to
recognize outstanding employees and teams and play a positive role in
strengthening motivation and engagement across the organization.In
addition to the annual recognition program, quarterly performance awards
are also conducted. In 2025, approximately 500 individual awards were
issued each quarter.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Empowerment and Development: Supporting Employee Growth Impact, Risk and Opportunity Management
Rapid technological iteration in cathode materials (such as solid-state batteries and high-nickel materials) may lead to a
Against the backdrop of rapid technological iteration in new energy battery materials and intensifying global competition, talent remains the
key driver of Ronbay Technology’s development. In 2025, we continued to enhance a comprehensive, end-to-end training system covering all skills gap risk, where existing employee capabilities become outdated. In addition, with the expansion of overseas bases
Risk
employees and multiple career development pathways.We are committed to building an open and innovative learning organization that (including Korea, Europe, and North America), there is a shortage risk of multidisciplinary talent with international vision and
continuously unlocks employee potential and strengthens the alignment between individual development and the Company’s strategic cross-cultural management capabilities.
objectives.
A well-established training system can accelerate the transformation efficiency of cutting-edge R&D and enable faster
ramp-up of new production lines. A clear internal career progression pathway significantly strengthens internal talent
Employee Training and Development Opportunity
development capability, reduces external recruitment costs, and helps the Company secure key R&D and engineering talent
Governance in the highly competitive talent market.
Training Empowering Employee Capability
The Company has established the “Ronbay Academy” as a dedicated execution body for talent In 2025, Ronbay Technology developed a training system that integrates globalization and specialization to support the execution of its
Management and Execution development. It is responsible for coordinating training needs assessment, curriculum development, and corporate strategy. By developing cross-cultural and multilingual training courses, with a cumulative participation of over 650 person-times, we
implementation across all global sites.
effectively supported the integration of overseas teams and business expansion.At the same time, we strengthened the development of
Indicators such as “team talent development” are incorporated into the annual performance evaluation internal trainers and completed the design of core courses in multiple key areas. Through high-quality knowledge enablement, we ensured
Performance-linked
(KPI) of department heads and overseas site leaders. This ensures that managers take primary sufficient expertise support for key initiatives.Through diversified training practices, we successfully transformed talent development into an
Mechanism
responsibility for building a strong talent pipeline. engine for organizational improvement, further strengthening the alignment between strategy execution and employee career development.
Metrics & Targets
Strategy
According to statistics from the Ronbay Academy Online Learning Platform, in 2025, the scale of employees
Business-Oriented
The training system is closely aligned with key business needs, focusing on three core areas: cutting-
edge materials R&D capabilities, advanced intelligent manufacturing and lean production capabilities, and
using the platform reached 3991people.
using the platform reached 22772.64 hours, with an average learning rate of 71 %.
Empowerment
cross-border factory operation capabilities.
A total of 592 new courses were added throughout the year. 100 training projects were conducted,
covering a total of 32504 person-times.Additionally, 426 online tests were organized,
We provide a multi-dimensional training matrix covering the entire employee lifecycle, from onboarding
Full Lifecycle Coverage programs for new graduates to professional skill advancement and leadership development for
management talent. covering18153 person-times, and nearly 100 internal trainers completed their registration.
We actively deepen cooperation with leading domestic and international universities and research
Industry–Academia Employee Career Development
institutes by establishing joint laboratories and targeted talent development programs, enabling early
Integration Ronbay Technology is committed to building a performance-oriented employee career development ecosystem. We have established dual
identification and cultivation of top-tier R&D talent in the new energy materials sector. career pathways—management and professional tracks—and a multi-sequence job qualification framework to fully stimulate internal
organizational momentum.In terms of talent empowerment, we implement a tiered and segmented development approach. For new
employees from both campus and experienced hires, we provide an immersive onboarding experience through the “Mentor–Buddy Program.”
For management trainees, we apply a dynamic job rotation mechanism combined with digital growth profiles to enable full-cycle tracking and
evaluation. For middle and senior managers, we focus on strategy execution and leadership development to drive the transformation of
learning outcomes into organizational performance.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Eagle Action Program Strengthening Safety Excellence and Safeguarding
Occupational Health
To further ensure the effective implementation of the Company’s strategy,
Ronbay Technology launched the “Eagle Action Program” at the Group level, Ronbay Technology adheres to the principle of “Safety First, Prevention-Oriented,” and integrates the concept of “inherent safety” throughout
covering all employees and building a comprehensive management the full lifecycle of R&D, production, and operations. In 2025, we strengthened safety management and drove process innovation to eliminate
transformation framework with full participation. The program promotes the risks at the source, with the goal of building a zero-incident and zero-injury working environment.At the same time, we established a
coordinated upgrading of strategy, organization, and corporate culture. comprehensive occupational health protection system and continuously reinforced safety culture across all employees, fully safeguarding the
physical and mental well-being of every employee.
Occupational Health and Safety
“Ronbay Weekend Recharge Station” Thematic Program
Governance
To enhance employees’ job-related skills and maximize the utilization of
training resources, Ronbay Technology launched the “Weekend Recharge Ronbay Technology has established a safety production management system characterized by “Group-wide coordination, tiered responsibility,
Station” program for all employees in September 2025. A total of 14 and primary accountability.” The Group Environmental and Safety Committee serves as the central management body, integrating cross-
sessions were conducted during the year, covering diverse modules departmental and cross-functional resources to ensure unified planning and coordinated execution of safety-related work. The principal
including strategy, organization, leadership, general competencies, and responsible person of each site is clearly designated as the first person accountable for safety.We strictly comply with the Work Safety Law of
cross-cultural communication. Employees were able to participate based on the People’s Republic of China. In 2025, we systematically updated and supplemented key policies and procedures, including the
their individual learning needs. During the reporting period, the program Meteorological Disaster Emergency Plan, Distributed Photovoltaic Safety Inspection System, and the Confined Space Operation Management
recorded over 2,500 participations. Procedure, further strengthening occupational health and safety controls.As of the end of the reporting period, all operating sites have
obtained ISO 45001:2018 Occupational Health and Safety Management System certification, achieving standardized and routine safety
management across the Group.
Ronbay Technology adheres to the core principles of “people-oriented approach, risk control, standardized management, and continuous
Ronbay Technology continues to optimize its campus recruitment talent improvement,” and places the respect and protection of employee health and safety as a top priority.Based on the ISO 45001:2018 standard,
attraction and development system. In 2025, we conducted a centralized we have established and implemented an integrated management system. Through systematic risk assessment and control, as well as
training program centered on “hands-on practice + dialogue.” Through 16 continuous monitoring, review, and improvement, we effectively reduce environmental and safety risks and continuously enhance safety
professional courses, on-site production line training, and face-to-face performance.
communication with senior management, we comprehensively enhanced
campus recruits’ deep understanding of the industry and corporate culture.This Impact, Risk and Opportunity Management
model closely integrates talent pipeline development with global expansion
Ronbay Technology has established a regular mechanism for hazard identification and occupational risk intervention to ensure that risks
strategy, ensuring stable talent supply for business needs while enabling
remain under effective control:
employees and the Company to progress in sync on a sustainable development
path. Safety Risk Identification and Hierarchical Risk Control
The Company has established a dual prevention mechanism of “risk classification and hierarchical control” and “hazard identification and
rectification,” aiming to prevent risks at the source. Through regular comprehensive risk identification, we dynamically maintain and update the
risk control list, and have built a full lifecycle safety risk management system covering project feasibility study, design, and construction
phases.We continuously strengthen compliance supervision and regularly conduct construction safety performance evaluations to ensure that
production and construction activities strictly comply with EHS-related regulations. For identified risks, we implement tiered control measures
across engineering, technical, and management dimensions, clearly define responsibilities at each level, and achieve closed-loop management
of all types of hazards.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Major Risks Significant Risks General Risks Building Resilience through Drills: Establishing a Full-Scenario Dynamic Emergency Response System
Dedicated control plans are developed Supervised by department heads with specific Managed through routine inspections and
and implemented. operating procedures established. daily monitoring. Ronbay Technology adheres to the principle of “Safety First, Prevention-Oriented, and
Integrated Management.” We regularly organize comprehensive emergency drills covering
key scenarios such as hazardous chemical leakage, fire suppression, and personnel
Chemical Management
evacuation.Through highly realistic simulation exercises, we systematically assess the
Ronbay Technology regards the lifecycle management of chemicals as a core pillar of enterprise safety and sustainable development. We
coordination of emergency command systems across all sites, the operability of
have established a high-standard control system with a closed-loop structure, spanning from top-level policy design to frontline execution.In
emergency response plans, and the readiness of emergency equipment. These drills not
only strengthen the rapid response mechanism through multi-department coordination,
compliance coverage across introduction, procurement, storage, and waste disposal. We implemented classified and tiered management of
but also enable a closed-loop capability from rapid response to precise handling.As a
hazardous chemicals and strictly enforced high-standard physical and technical safeguards, including “dual-person dual-lock” control,
result, the Company continuously strengthens its resilience against unexpected safety
explosion-proof and anti-seepage measures, and comprehensive monitoring systems, significantly improving intrinsic safety.Relying on day-
risks and enhances overall emergency preparedness.
and-night shift inspection mechanisms and scenario-based emergency response plans, we have built a dynamic risk defense network.
Through continuous targeted drills, company-wide training, and visualized safety communication, we embed safety responsibility deeply into
organizational culture. The coordinated enhancement of technical safeguards and management resilience ensures that every stage of
chemical management remains effectively controlled. Full Employee Engagement: Strengthening a “Prevention and Firefighting Combined” Safety Culture Foundation
Safety Emergency Management During the national “Fire Safety Month,” Ronbay Technology centered its activities on the
The Company consistently adheres to the safety emergency philosophy of “better prepared for a century without use than unprepared for a theme of “Everyone Participates in Fire Safety, Life First,” and empowered employees
single day.” We have established and continuously improved management systems such as the Fire Protection Facilities and Equipment through systematic awareness campaigns and interactive programs.The Company
Management System and the Confined Space Operation Safety Management System to standardize emergency management practices.The strengthened its safety culture through visual communication measures such as hazard
Company and all production sites regularly organize safety emergency drills, including simulated scenarios such as liquid oxygen leakage at notification boards in key areas and on-site display of safety rules, creating a strong safety
air separation stations, electrical shock incidents in workshops, and fire emergencies. These drills effectively strengthen employees’ awareness atmosphere. In addition, we organized hands-on competitions on fire-fighting
emergency response capabilities and self-rescue and mutual-aid skills.In 2025, we introduced new requirements for monitoring, early warning, equipment use, knowledge contests on evacuation and emergency escape, and fire
emergency response, and post-incident handling of climate-related disasters within China. These requirements are being progressively hazard inspection activities.This shift from knowledge-based communication to skill-
extended to overseas operating sites to enhance the Company’s effectiveness in responding to climate-related risks and emergencies. based internalization has effectively enhanced employees’ ability to identify risks and
respond to initial-stage fires. It has transformed fire safety awareness into proactive
Safety Culture Development
behavior of every employee, jointly contributing to a fundamentally safe working
Ronbay Technology is committed to building a safety culture involving all employees, continuously strengthening safety awareness and
environment.
ensuring that safety concepts are deeply embedded in daily operations, thereby establishing a strong ideological foundation for safe
production.In 2025, the Company implemented multi-dimensional initiatives, including safety education and training, strengthened
communication and promotion of safety production culture, organization of various safety activities, and the implementation of performance-
based reward and penalty mechanisms. These efforts continuously enhance employees’ safety awareness and execution capability across the Chemical Warehouse Management at Xiantao Ronbay
organization.
At Xiantao Ronbay, we have established dedicated policies for chemical management, including the Chemical Management
System and the Controlled Precursors and Explosive Chemicals Management System. In addition, we have developed specific
emergency response plans tailored to actual usage scenarios.In daily operations, we strictly implement all management
requirements. The chemical warehouse is equipped with intrusion alarm systems, and targeted inspections are regularly
conducted for electrostatic discharge prevention facilities to ensure safe and compliant operations.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
CPR + AED First Aid Training Program Psychological Health Counseling Program at Hubei Ronbay
In 2025, the Group Environmental and Safety (EHS) function conducted specialized first-aid programs across multiple sites. These
On April 28, 2025, during the 23rd National Occupational
included CPR (Cardiopulmonary Resuscitation) and AED (Automated External Defibrillator) training sessions and hands-on drills. The
Disease Prevention and Control Law Promotion Week, themed
Company also carried out a comprehensive review of external medical resources at each site.For sites where professional medical
“Caring for Workers’ Mental Health,” Hubei Ronbay actively
assistance could not be reached within the critical “golden 4 minutes” window for cardiac arrest response, AED devices were
responded to the initiative by organizing a special lecture titled
centrally procured and deployed. In addition, we collaborated with professional organizations such as the Red Cross to conduct
“Focusing on Employee Mental Health and Relieving
dedicated CPR + AED training programs.These initiatives further improved the Group’s emergency rescue resource allocation and
Occupational Stress.”The event focused on workplace
strengthened on-site first-aid capabilities across all operating locations.
psychological well-being, systematically introducing key
concepts of mental health and providing practical and detailed
stress management guidance for employees. The initiative
aimed to foster a safe, supportive, and healthy organizational
environment.
Healthy Low-Fat Meal Supply Program
In 2025, in response to the National Health Commission’s
“Healthy Weight for All” initiative and the “Weight Management
Year” campaign, and to promote weight management among
employees for the prevention of chronic diseases, the Group
Employee Occupational Health Management
introduced optional healthy low-calorie meal sets in the
In 2025, Ronbay Technology systematically revised the Occupational Health Management System and strengthened localized compliance
cafeterias of multiple subsidiaries.This initiative aims to
governance across domestic and overseas sites (e.g., the Occupational Safety and Health Act in South Korea), establishing a global
encourage more scientific and healthy dietary habits among
occupational health risk prevention framework.We conduct routine monitoring of occupational health risk factors such as noise, dust, and high
employees and support overall occupational health and well-
temperature. Source-level controls are implemented through safety warning signage, installation of dust removal and noise reduction
being.
equipment, and provision of certified personal protective equipment (PPE). We also strictly enforce a closed-loop “three certificates and one
label” management system for PPE.In addition, we implement a “one employee, one health record” occupational health surveillance system
covering pre-employment, in-service, and exit medical examinations. Through initiatives such as Health Promotion Week, blood pressure
monitoring, and healthy diet programs, we further enhance employees’ health awareness and overall well-being.
Metrics & Targets
Safety Culture Development
Ronbay Technology is committed to building a safety culture involving all employees, continuously strengthening safety awareness and
ensuring that safety concepts are deeply embedded in daily operations, thereby establishing a strong ideological foundation for safe
During the reporting period, a total of 217 safety emergency drills and 2393 safety training sessions
production.In 2025, the Company implemented multi-dimensional initiatives, including safety education and training, strengthened
were organized. The participation rate of employees in safety drill positions and the training coverage rate both
communication and promotion of safety production culture, organization of various safety activities, and the implementation of performance-
based reward and penalty mechanisms. These efforts continuously enhance employees’ safety awareness and execution capability across the reached100 %.The coverage rate of the occupational health and safety management system for
employees is 100 %.
organization.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Humanistic Care: Building a Harmonious Workplace Mother’s Day Activities
Ronbay Technology is committed to creating a positive working atmosphere and a supportive human-centered environment. We care about In 2025, on the occasion of Mother’s Day, the Company launched a series of themed activities under the title “Tribute to Maternal
employees’ physical and mental well-being as well as family harmony, and provide comprehensive care programs covering all Love, Fragrance at Ronbay.”Through organizing floral arrangement salons and distributing appreciation gift packages, the program
employees.Through a wide range of cultural, recreational activities and robust employee support services, we help address employees’ aimed to provide comprehensive care for female employees who play dual roles as both workplace contributors and family
practical concerns and reduce their worries in daily life. This enables employees to focus on their work while also enjoying a balanced and caregivers.This initiative not only recognizes employees’ dedication and hard work, but also reflects the Company’s commitment to a
harmonious life, enhancing both their sense of achievement at work and overall well-being. gender-equal corporate culture, continuously enhancing the sense of belonging and well-being among female talent.
Putting Care into Action: Empowering Women’s Career Development
Ronbay Technology places strong emphasis on gender equality in employment and the protection of women’s rights, and is committed to
providing an inclusive, supportive, and growth-oriented working environment for female employees.We not only offer caring facilities and
dedicated health protection for women during special periods such as pregnancy, childbirth, and breastfeeding, but also continuously focus on
their physical and mental well-being as well as career development. The Company organizes women-focused care activities, health seminars,
and career empowerment programs to comprehensively support female employees’ growth and help them fully realize their professional
value.
International Women’s Day (March 8) Activities
In the warm spring of March, blossoms are in full bloom. To pay tribute to the strength of women in the workplace, Ronbay
Technology’s domestic and overseas sites jointly organized a series of diverse care activities for International Women’s Day (March
Mother–Baby Rooms / Female Employee Rest Areas
through attention to detail. These activities aimed to help every female employee of Ronbay unwind, feel warmth and appreciation
during their dedicated festival, and embrace both work and life with greater confidence and elegance, shining in their own way.
Amid the busy pace of R&D and production, a quiet and
comfortable rest space represents Ronbay’s sincere care for its
female employees. In 2025, each site progressively built and
upgraded mother–baby rooms and female employee rest areas.
From design considerations to privacy protection, every detail
reflects respect for women and care for working mothers.
In these spaces, love and career are no longer a trade-off. The
Company is committed to being a strong support for every
female employee, enabling “her power” to flourish gracefully at
every stage and shine in the workplace.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Respecting Local Cultures and Building an Open and Inclusive Ecosystem
Spring Festival Annual Gala
Ronbay Technology is committed to building an open, equal, and inclusive workplace environment, and regards supporting vulnerable groups
as an important part of fulfilling its social responsibility.We firmly oppose workplace discrimination. By implementing equal employment
policies, improving accessibility facilities, and providing dedicated support and vocational skills training for persons with disabilities and other At the turn of the year, Ronbay employees around the world gathered together to usher in a new chapter in 2025. On the stage of the
groups, we strive to create fair employment and development opportunities. This enables every employee to realize their personal value in an Spring Festival Gala, employee-produced cultural performances showcased the energetic, ambitious, and pioneering spirit of Ronbay
inclusive environment and grow together with the Company. people.During the banquet, recognition ceremonies honored the outstanding contributions made in ordinary roles, while engaging
lucky draw activities expressed the Company’s sincere appreciation for employees’ hard work throughout the year.This celebration
“Growing Together with Vulnerable Groups” – JS ENERGY Establishes a Para Sports Team was not only a visual and cultural feast, but also a deep integration of the “home culture” within the organization. It inspires all
Ronbay employees to move forward with greater determination toward the goal of becoming a global industry leader.
JS ENERGY, the Company’s wholly owned subsidiary in Korea, officially established the “JS Para Athletes Employment Team” in July.
The team has recruited four wheelchair tennis athletes and plans to introduce professional coaching support to help them progress
toward a professional level, laying a solid foundation for achieving both athletic and career development success.
At the 45th Korean Para Sports Games in 2025, athletes from the JS ENERGY wheelchair tennis team delivered outstanding
performances. In the Women’s Open Doubles event, athlete Ahn Seong-suk secured a 2–0 victory over the Gyeonggi Province team
and won the gold medal. In the Singles event, Ahn Seong-suk and Park Jae-hong won the silver medals respectively.
JS ENERGY has also signed Memoranda of Understanding with several local organizations in the fields of para sports and
employment support. The Company aims to create more job opportunities for persons with disabilities in the future and to give back
to society through concrete actions, demonstrating sincere care and support for vulnerable groups.
Fun Sports Day
To implement the philosophy of “healthy living and efficient work,” Ronbay Technology hosted the 2025 Fun Sports Day themed “Full
Energy, Moving Forward Together.” The event broke down departmental boundaries and featured a series of engaging activities that
combined competition with collaboration, comprehensively strengthening employees’ teamwork capabilities and resilience.
As an important component of the Company’s occupational health management system, the sports day not only effectively relieved
work-related stress but also deeply embedded the corporate spirit of “striving forward and pursuing excellence” into team culture,
injecting strong internal momentum for the Company’s high-quality and sustainable development.
Energizing Engagement: Building a Harmonious Work and Life Environment Together
Guided by the philosophy of “happy work, healthy life,” we actively provide platforms for employees to release stress and showcase their
talents. The Company regularly plans and organizes a wide range of cultural and sports activities, including sports competitions, team-building
exercises, interest club gatherings, and traditional festival celebrations.
These dynamic activities not only enrich employees’ after-work life, but also promote communication and interaction across departments and
organizational levels, significantly strengthening team cohesion and sense of belonging. They enable every Ronbay employee to experience
the warmth and joy of a large organizational family while pursuing their professional goals.
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Comprehensive Support: Enhancing Employee Well-being and Happiness
Team-Building Activities
To effectively enhance employees’ sense of gain and belonging, Ronbay Technology has established a comprehensive, multi-dimensional
employee benefits system. In addition to providing competitive compensation and full statutory benefits, we further expand the scope of
The Company places great emphasis on strengthening team cohesion. In 2025, various business units and production sites employee care by offering a wide range of supplementary benefits, including annual health check-ups, customized holiday allowances and
organized diversified team-building activities to build bridges for cross-department communication. From challenging outdoor team gifts, meal and transportation subsidies, paid leave, and support programs for employees facing financial hardship.
development programs to culture-focused workshops closely linked to business scenarios, these initiatives aim to enhance
We continuously listen to employee feedback and optimize our benefits framework, aiming to provide reliable support for employees and their
employees’ sense of belonging and improve teamwork efficiency through collective collaboration.These activities are not only a
families, ensuring that human-centered care reaches every employee.
deep practice of corporate culture, but also an important enabler for stimulating organizational vitality and ensuring the effective
implementation of the Company’s global strategy. They allow every employee to achieve mutual growth with the Company through
collaboration and shared progress.
Holiday Benefits
At every important festival, Ronbay Technology remains consistently present with its employees. Whether it is customized
mooncakes for the Mid-Autumn Festival or warm New Year gift packages during the Spring Festival, each gesture is carefully
prepared to create a sense of belonging and “home” for all Ronbay employees working across different roles and locations.
Through meaningful and ritualized holiday experiences, we strengthen the emotional bond between the Company and employees’
families, allowing care and warmth to flow through every ordinary yet special moment.
Dragon Boat Festival
Lantern Festival
Children’s Day
Mid-Autumn Festival
About Ronbay Strategic Vision and Key Performance Sustainability Governance Excellence in Governance Value-Driven Green Operations Co-responsibility for Shared Wins Shared Growth and Collaboration
Public Welfare and Charitable Initiatives
Employee Engagement Activities at Overseas Sites
As a leading global new energy materials enterprise, Ronbay Technology has always upheld the original aspiration of “technology for good,”
embedding corporate social responsibility into both mindset and action. We recognize that the value of an enterprise lies not only in creating
As the Company’s globalization strategy continues to deepen, Ronbay Technology is committed to extending warm employee care to economic wealth, but also in contributing to the shared progress of society.In 2025, we continued to improve our public welfare and charitable
every overseas site. In locations such as Korea and Poland, we strictly comply with local labor laws while integrating local cultural framework, focusing on areas such as ecological environmental protection and community care. Through institutionalized and long-term
customs to carry out a series of employee care initiatives, effectively enhancing the occupational well-being of local employees.This
philanthropic initiatives, we connect every small act of goodwill and are committed to building a more humane and resilient sustainable future,
deeply localized management approach not only strengthens cohesion within overseas teams, but also reinforces Ronbay’s image
fulfilling the responsibility and mission of a globally responsible enterprise.
as a responsible global corporate citizen.
Christmas – JS ENERGY Poland (JSEE) “Family Month” Lucky Draw Campaign – JS Korea
“2025 Volunteer Relay Initiative · Launch Ceremony” – JS ENERGY Korea
On March 5, 2025, the Chungju Volunteer Service Center held
the “2025 Volunteer Relay Initiative · Launch Ceremony” at
the City Hall. A total of 21 institutions and companies, 96
organizations, and approximately 200 participants attended
the event.On the same day, the JS Korea site volunteer team
also participated in the ceremony, demonstrating its
commitment to social contribution through concrete actions
and contributing Ronbay’s efforts to support the local
community.
Rural Revitalization and Public Welfare & Charity
Rural Revitalization
Ronbay Technology actively responds to China’s Rural Revitalization Strategy and deeply integrates its high-quality development with the
national blueprint for rural revitalization. Guided by the principle of “targeted empowerment and long-term impact,” we adopt a diversified
approach combining employment promotion, rural public welfare, and industrial development to enhance endogenous growth momentum and
industrial capacity in regions where we operate. We also continue to consolidate the achievements of poverty alleviation and contribute the
“Ronbay approach” to the realization of common prosperity.
We have deeply cultivated an “education + employment” dual-driven model, positioning it as a core engine for rural empowerment. During the
reporting period, the Company expanded localized recruitment efforts and strengthened industry–education integration through school–
enterprise cooperation. These initiatives not only provide broader career development opportunities for local workers, but also effectively
improve local employment levels and talent capabilities.At the same time, leveraging the resource endowments of each production base and
the cluster effects of the new energy industry chain, the Company promotes regional industrial upgrading and transformation. This industrial
spillover effect supports surrounding regions in advancing toward more modern and sustainable economic structures.
Key Performance Indicators Indicator
Balance of accounts payable (including
Unit 2022 2023 2024 2025
notes payable) at the end of the 10000 yuan 1,142,975.25 834,109.93 857,259.25 719,367.39
Corporate Governance and Economic Performance reporting period
Corporate Governance Ratio of accounts payable (including
notes payable) balance to total assets at % 44.54 33.85 34.82 31.32
the end of the reporting period
Indicator Unit 2022 2023 2024 2025
Total number of Environmental protection expenditure 1,746.81 2,212.89 3,137.03 1,028.41
person / 9 9 9 10000 yuan
board of directors
Number of female
person / 3 3 3 Safety expenditure 10000 yuan 1,802.06 2,802.05 1,421.48 994.57
directors on the
board of directors
Ratio of female
Charitable donation expenditure 10000 yuan 31.63 75.00 64.69 25.00
directors in the % / 33.33 33.33 33.33
board of directors
Economic Performance Compliance Operations, Risk Management and Control, and Integrity Management
Indicator Unit 2022 2023 2024 2025
Indicator Unit 2022 2023 2024 2025
Number of pending legal proceedings
Total assets 100 million yuan 256.6 246.39 246.23 229.68 case - 5 9 7
regarding overdue payments
Product output 10000 ton 11.43 13.29 17.24 13.05 Number of risk management training
time 4 2 7 5
sessions
Revenue 100 million yuan 301.23 226.57 150.88 122.67
Rectification rate of audit findings % 74 75 76 78
Net profit 100 million yuan 13.74 6.28 3.29 -1.62
Audit coverage rate (bases) % 71 75 83 88
R&D expenditure 10000 yuan 48,655.43 35,424.45 42,415.88 42,165.12 Signing rate of commitment letter on
% 100 100 100 100
integrity
Government grants
and support fund
Intellectual Property Protection Environmental Performance
Cumulative Indicator Unit 2022 2023 2024 2025
Energy Consumption
Invention
item 261 492 629 959
applications
Indicator Unit 2022 2023 2024 2025
Inventions granted item 72 104 162 251 Total comprehensive ton of
- - 114,881.40 115,954.02
energy consumption standard coal
Applications for Total direct energy ton of
item 343 469 577 659 - - 80,433.95 3672.47
utility models consumption standard coal
Utility models Total power MWH 668,085.61 849,948.17 911,723.97 699,469.11
item 274 346 435 504
granted
Natural gas
cubic meter 517,429.00 632,731.00 1,462,563.00 2,983,249.00
consumption
Information Security and Privacy Protection
Purchased steam
ton 86,256.00 136,533.00 113,000.62 96,348.00
consumption
Indicator Unit 2022 2023 2024 2025
Total indirect energy ton of
- - 34,447.45 112,281.56
Internal information consumption standard coal
time - 6 3 7
security audit
Total Green Electricity
Third-party Usage (Green Power MWH - - 311,569.93 279,808.54
information security time - 1 0 0 + Certificates)
audit
Proportion of green
Information security % - - 34.17 40.00
person-time - 168 154 392 electricity
audits upon departure
consumption
Green electricity
Major safety incidents case - - 0 0 MWH - - 213,912.11 220,000.00
certificate
procurement volume
Information security
On-site photovoltaic
incidents reported case - - 0 0 MWH - - 3,091.82 11,321.54
power generation
externally
Purchased electricity
Monetary value MWH - - 97,657.82 48,487.00
consumption:
involved in data 10000 yuan - - 0 0
renewable energy
security incidents
Purchased electricity
Number of customer consumption: Non- MWH - - 600,154.04 639,660.57
privacy breach case - - 0 0 renewable energy
incidents
Note:1.Data on total comprehensive energy consumption, total direct energy consumption, and total indirect energy consumption do not cover the JS and EMT bases in South
Korea. 2.The 2024 data on natural gas consumption covers only the Shanxi Zhongbei Base. Statistics for 2025 will newly include the JS and EMT bases in South Korea. 3.The
Monetary value 2024 data on purchased steam consumption covers only the Xiaocaoe and Linshan bases. 4.In 2025, the comprehensive energy consumption data is detailed in accordance
involved in customer with the Chinese National Standard GB/T 2589-2020 "General Principles for Calculation of Total Production Energy Consumption". Specifically, data in Table A.1 is classified
privacy breach
consumption. The 2024 statistics only covered electricity consumption. For 2025, all energy types specified by the standard are quantified. The newly added energy types
incidents
include liquid oxygen, steam, natural gas, water, gasoline, and diesel.
Greenhouse Gas Emissions Water Resource Usage
Indicator Unit 2022 2023 2024 2025 Indicator Unit 2022 2023 2024 2025
Scope 1 ton of CO 2
(Category 1) equivalent Total amount of
water withdrawal
Scope 2 ton of CO 2
(Category 2) equivalent
Water withdrawal ton / ton of
ton of CO 2 intensity product
Scope 3 1,828,698.03 2,455,915.94 3,040,818.86 1,821,049.43
equivalent
Scope 3 ton of CO 2
- - 31,218.85 33,206.45
(Category 3) equivalent Total amount of
ton - - 966,990 434,465.50
recycled water
Scope 3 ton of CO 2
- - 3,009,600.01 1,787,842.98
(Category 4) equivalent
Note: 1.Data on total water withdrawal and water withdrawal intensity for 2022 does not cover the Xiantao, Shanxi Zhongbei, and JS (South Korea) bases. 2.Data on total
recycled water for 2024 does not cover the Xiaocaoe, JS (South Korea), and EMT (South Korea) bases. 3.Data on recycled water for 2025 does not cover the JS (South Korea)
Scope 3 ton of CO 2 and EMT (South Korea) bases.
- - - -
(Category 5) equivalent
Scope 3 ton of CO 2
- - - - Packaging Material Management
(Category 6) equivalent
Indicator Unit 2022 年 2023 年 2024 年 2025 年
Total greenhouse gas ton of CO 2
emissions equivalent
Packaging Material
item - 124,200 108,314 78,133
Recovery-Tray
ton of CO 2
Greenhouse gas
equivalent / tons of 23.74 22.53 20.69 17.01
emission intensity
products
Note: The data does not include the JS and EMT bases in South Korea.
Note:1.The above data for 2022 covers only the Ezhou and Zunyi bases. 2.The Scope 3 data for 2024 does not cover the EMT base in South Korea, nor does it include carbon
offsets. 3.The Scope 3 data for 2025 does not cover the Zhongbei and EMT (South Korea) bases.
Pollutant Treatment Wastewater
Solid waste Indicator Unit 2022 2023 2024 2025
Indicator Unit 2022 2023 2024 2025
Total wastewater
ton 255,416.56 264,882.05 245,375.38 323,330.64
discharge
Hazardous waste emissions ton 1,610.23 1,375.29 1,181.86 1,024.10
Hazardous waste rate of a ton / 1000-ton
thousand-ton product product
Emissions per unit
ton / ton product 2.25 1.99 1.42 2.48
of output
General industrial solid
waste disposed (excluding ton 3,170.32 1,133.21 1,223.43 1,552.95
recycled)
Chemical Oxygen
ton - - 5.89 4.54
General solid waste rate of a ton / 1000-ton Demand (COD)
thousand-ton of product product
Waste recovery amount ton 8,419.53 8,016.86 9,535.24 6,762.78
Ammoniacal
ton - - 1.33 0.64
Note: 1.Waste recycling includes solid waste such as ton bags (FIBCs). 2.To ensure data accuracy, the figures above for 2022 cover the Ezhou, Zunyi, Xiaocaoe, and EMT nitrogen (NH3-N)
bases. Figures for 2023 cover the Ezhou, Zunyi, Xiantao, Xiaocaoe, Linshan, Shanxi Zhongbei, JS (South Korea), and EMT (South Korea) bases. Data for general solid waste
has been adjusted for statistical consistency. 3.In 2025, data on hazardous and general solid waste disposal does not include the EMT base in South Korea, while data on
waste recycling does not include the Zhongbei and EMT (South Korea) bases.
Waste gas Suspended solids ton - - 2.88 1.59
Indicator Unit 2022 2023 2024 2025
Sulfur dioxide (SOx) ton - - 1.36 1.16 Total phosphorus ton - - 0.01 0.01
Nitrogen oxides (NOx) ton 14.19 10.12 2.56 1.44
VOCs (Volatile Organic
ton - - 0 0
Compounds)
Note: 1.The indicator "Wastewater discharge per unit of production" is calculated as: Total wastewater discharge / Total production output of the base. 2.Data on total wastewater
Particulate matter ton - - 14.43 10.28 discharge and wastewater discharge per unit of production for 2022 covers the Ezhou, Zunyi, Xiaocaoe, and EMT bases. Data for 2023 covers the Ezhou, Zunyi, Xiantao, Xiaocaoe,
Linshan, Shanxi Zhongbei, JS, and EMT bases. 3.Data on chemical oxygen demand (COD) and ammonia nitrogen for 2024 does not cover the Zhongbei, JS, and EMT bases. 4.Data
on suspended solids (SS) and total phosphorus (TP) does not cover the Zhongbei base and the bases in South Korea. 5.For 2025, data on chemical oxygen demand (COD) and
Dust emissions per unit of g / ton product 197.81 93.46 83.70 78.76 ammonia nitrogen does not include the JS and EMT bases in South Korea. Data on suspended solids (SS) covers only the Zunyi and Linshan bases, and data on total phosphorus
product (TP) covers only the Xiantao, Linshan, and Xiaocaoe bases.
Note: 1.Data on nitrogen oxides (NOx) for 2022 covers only the EMT base, while data for 2023 covers the Zhongbei and EMT bases. 2.Data on particulate matter (PM) does not
cover the EMT base in South Korea.
Supplier Management
Social Performance
Indicator Unit 2022 2023 2024 2025
Customer Service
Total number of
- - 386 343 344
suppliers
Indicator Unit 2022 2023 2024 2025
Outgoing (Product) Batch Pass Rate % - - 99.99 99.99
Supplier from the
- - 373 261 281
Number of product-recalls due to Chinese Mainland
case - - 0 0
quality issues
Suppliers from Hong
Incurred Costs of Major Safety &
Kong, Macao, - - 13 82 63
Quality Liability Incidents Related to
Products and Services During the
Reporting Period
Number of supplier
audits that have - - 54 79 31
Number of customer privacy leakage
case - - 0 0 been conducted
incidents involved
Customer complaint handling rate % 100 100 100 100
Annual number of
- 18 54 79 31
Customer satisfaction % 96.1 96.8 97.45 96.55 assessed suppliers
R&D and Innovation Annual proportion of
completed % 67 100 100 100
supplier assessment
Indicator Unit 2022 2023 2024 2025
Number of suppliers
Number of R&D personnel person 599 647 679 642 certified by the
- - - 52 139
environmental
By education level management system
Doctoral Degree person 12 27 36 32
Number of suppliers
certified by
Master degree person 258 337 338 355 - - - 52 141
the occupational health
and safety
Bachelor’s degree and below person 329 283 305 255
management system
By age
Number of suppliers
certified by the
Under 30 years (including 30 years) person 302 355 358 305 - - - 52 156
quality management
system
person 287 279 304 321
including 50 years)
Note: The count of suppliers with triple certification for 2025 includes suppliers of raw materials, precursor auxiliary materials, and engineering equipment from mainland
China and some overseas regions. The 2024 statistics cover only suppliers of key materials.
Over 50 (excluding 50) person 10 13 17 16
Employment Indicator Unit 2022 2023 2024 2025
By Nationality / Ethnicity
Indicator Unit 2022 2023 2024 2025
Total Chinese National
person - - 4,043 3529
Employees
Total number of
person 4,644 4,376 4,471 3,962
employees
Total Ethnic Minority
person 165 156 172 144
Employees
Employee Data Statistics Breakdown - Overview
Korean Ethnicity person - - 52 41
By gender Tujia Ethnicity person - - 20 19
Number of male
person 3,545 3,297 3,438 2,996 Miao Ethnicity person - - 23 17
employees
Number of female
person 1,099 1,079 1,033 966 Other Ethnicities person - - 77 67
employees
Ratio of male employees % 76.34 75.34 76.9 75.62 Total Foreign National
person 194 275 457 433
Employees
Ratio of female employees % 23.66 24.66 23.1 24.38
South Korea person - - 420 411
By age
Poland person - - 3 19
Under 30 years (including
person 1,698 1,510 1,392 1273
years, person 2,726 2,678 2,858 2473 Other Nationalities person - - 2 1
including 50 years)
By Function
Over 50 (excluding 50) person 220 188 221 216
Production Staff person - - 3007 2760
By education level
Sales Staff person - - 89 75
Doctoral Degree person 17 32 41 40
Finance Staff person - - 98 108
Master degree person 491 624 627 650
Bachelor’s degree person 1,125 1,095 1,045 887 Technical Staff person - - 679 641
Below bachelor’s degree person 3,011 2,625 2,758 2385 Administrative Staff person - - 598 378
Employee Data Statistics Breakdown - Management Employee Data Statistics Breakdown - New Hires
Indicator Unit 2022 2023 2024 2025 Indicator Unit 2022 2023 2024 2025
Total Newly Hired Staff person 2,221 1,322 985 451
Total Management Staff person 62 66 73 69
By Gender Number of Campus Recruits person 395 301 140 156
Number of male employees person 51 53 61 57 Newly Hired Staff - Male person 1,748 1,019 813 323
Number of female employees person 11 13 12 12 Newly Hired Staff - Female person 473 303 172 128
By Age Under 30 years (including 30 years) person 1,151 662 427 263
Under 30 years (including 30 years) person 1 1 - - 30-50 years (excluding 30 years,
person 1,060 660 550 184
including 50 years)
person 53 55 58 56
including 50 years) Over 50 (excluding 50) person 10 - 8 4
Over 50 (excluding 50) person 8 10 15 13
Staff Turnover Rate
By Nationality / Ethnicity
Number of Chinese National Management Staff person - - - 63 Staff Turnover Rate % - - 2.49 1.91
Number of Foreign National Management Staff person - - - 6 Female Staff Turnover Rate % - - 1.94 1.66
Male Staff Turnover Rate % - - 2.63 1.99
Employee Data Statistics Breakdown - Disabled Employees
Staff Turnover Rate (Under 30) % - - - 2.49
Total Staff with Disabilities person 3 3 24 23
Percentage of Staff with Disabilities % 0.06 0.07 0.54 0.58 Staff Turnover Rate (30-50) % - - - 1.64
Staff with Disabilities - Male person - - 11 9 Staff Turnover Rate (Over 50) % - - - 0.99
Staff with Disabilities - Female person - - 13 14 Staff Satisfaction % 84.77 82.06 83.40 79.40
Note: "Management" refers to middle-level and above management personnel. Note: Staff Turnover Rate = (Annual Voluntary Departures + Annual Involuntary Departures) / ((Annual Voluntary Departures + Annual Involuntary Departures + Number of Staff at
Year-End) / 12)
Rights and Benefits of Employees Staff Training and Development
Labor Rights - Benefits & Performance Evaluation Indicator Unit 2022 2023 2024 2025
Total expenditure on
Indicator Unit 2022 2023 2024 2025 10000 yuan 343.00 115.60 60.17 139.00
employee training
Total duration of employee
hour - 17,873 26,990 26,177.00
Family Leave - Number of Staff Eligible for training
person 4,644 4,376 4,471 3,962
Leave
Number of types of training
session / year 57 375 585 592
courses
Total number of hours for class hour/
Family Leave - Number of Staff Who Took 33,390 44,507 58,799 59,427
person - 192 336 570 employee training year
Leave
Average length of employee class hour /
training person / year)
Average Training Hours
Labor Contract Signing Coverage Rate % 100 100 100 100 hour - 16 10 7
Received by Male Staff
Average Training Hours
hour - 13 13 10
Received by Female Staff
Social Insurance Contribution Rate for Regular
% 100 100 100 100 Total Number of Training
Staff time - 7560 7085 36991
Sessions
Training Hours - By Staff Level
Number of Staff Receiving Regular
person - - 1,846 1631
Performance & Career Development Reviews
Total Training Hours for
hour - 76 125 24
Senior Management
Per Capita Training Hours for
Proportion of Staff Receiving Performance hour - 25 7 2
% - - 41.29 41.17 Senior Management
Reviews
Total Training Hours for
hour - 4982 445 271
Middle Management
Number of Male Staff Receiving Performance Per Capita Training Hours for
person - - 1,210 1082 hour - 192 10 6
Reviews Middle Management
Total Training Hours for
hour - 25832 29656 25898
General Staff
Number of Female Staff Receiving
person - - 636 549
Performance Reviews Per Capita Training Hours for
hour - 15 11 8
General Staff
Number of Staff Trained Occupational Health and Safety
Indicator Unit 2022 2023 2024 2025 Indicator Unit 2022 2023 2024 2025
Proportion of employees covered by
Total Number of the occupational health and safety % - - 100 100
person - 1773 2821 3423
Staff Trained management system
Number of Staff in Identified Occupational
person - - - 1710
Disease Risk Positions
Percentage of Staff
% - 76 61 85 Number of employees participating
Trained person - - 3038 2342
in occupational disease physical
examination
By Gender Number of employees with
person - - 0 0
occupational diseases
Staff Occupational Health Check-up Coverage
% - 100 100 100
Female person - 577 843 918 Rate
Number of major safety accidents case - - 0 0
Lost Time Injury Frequency Rate (LTIFR) per
/ - - 2.41 2.43
million hours worked
Male person - 1119 1922 2490
Lost Time Injury Severity Rate (LTISR) per million
/ - - 486 423
hours worked
By Job Grade Number of employees who died due to
case - - 0 0
work-related injuries
Number of Staff Covered by Work Injury
person - - - 2662
Senior Management person - 3 18 13 Insurance
Work Injury Insurance Coverage Rate % - - - 100
Number of Safety Emergency Drills Conducted time - 113 214 217
Middle Management person - 26 45 43
Total Personnel Covered by Safety Emergency
person-time - - 3,610 1,975
Drills
Number of Safety Training Sessions time - 2,520 2,351 2,393
General Staff person - 1744 2758 3367
Total Duration of Safety Training hour - 20,405 175,434 47,385
Safety Training Coverage Rate % - 100 100 100
Note: Data on total staff training expenditure for 2024 and 2025 covers only the actual training expenditure of the Group's functional departments. Staff Participation Rate in Safety Drills (by
% - 100 100 100
Position/Post)
Note: 1.Data on positions with occupational disease risks does not cover the JS and EMT bases in South Korea. 2.The calculation formulas are as follows: LTIFR = (Number of
；
lost time injuries / Total actual hours worked) × 10^6 LTISR = (Total number of lost workdays / Total actual hours worked) × 10^6
Report Index
Guidelines No. 14 of Shanghai Stock Exchange for Self Regulation of Listed Companies—Sustainability Report (Trial) Benchmark Index
Dimension No. Issue Provision Location Dimension No. Issue Provision Location
The company does not engage in research and
Climate change 3.1 Energy Conservation, Emission Reduction, and Climate
tackling Change Addressing Ethical issues in science and
technology
artificial intelligence, and human genetic resources—
Management
In accordance with regulations, the company has
Management
publicized information on overdue payments to small
Equal treatment to small and and medium-sized enterprises (SMEs) via the National
Ecosystem and Social medium-sized enterprises Enterprise Credit Information Publicity System. The
biodiversity protection company has not had any instances of overdue
Protection
payments to SMEs.
Environment
Environmental 3.4 Co-creating Environmental Protection, Safeguarding Lush Safety and quality of products 2.4 Quality First: Delivering Excellence in Products and
management Management
Data security and customer 1.3 Upholding Compliance and Strengthening Risk
Advancing-Energy Management
Usage of water 3.4 Co-creating Environmental Protection, Safeguarding Lush
resources Mountains and Lucid Waters-Water Resource Management
Communications with
stakeholders
Rural Revitalization and Public Welfare & Charity
Governance
Anti-Commercial bribery and 1.4 Integrity and Self-Discipline, Upholding Fairness and
Social Contributions to the anti-corruption Justice
society
Rural Revitalization and Public Welfare & Charity
Global Reporting Initiative (GRI) Standards 2021 Benchmark Index
Ronbay Technology prepared the report in accordance with GRI standards for the period from January 1 to GRI Standard Disclosure Location Omitted Reason Explanation
Statement of Use
December 31, 2025.
GRI 1 Used ：
GRI 1 Foundation 2021
Applicable GRI sector
No Sector Standard(s) applicable
standard(s) 2-12 Role of the highest governance body in Sustainability
overseeing the management of impacts Governance
GRI Standard Disclosure Location Omitted Reason Explanation
impacts Governance
About This Report sustainability reporting Governance
sustainability reporting
Not applicable (omitted)
Sustainability
Governance
GRI 2
Disclosures 2021
governance body Governance
GRI 2 About Ronbay
relationships For details, see Rongbai
General 2-18 Evaluation of the performance of the
Technology 2025
Disclosures highest governing body
Fair Employment and Rights
Protection
Sustainability Governance Due to confidentiality
Corporate Governance Confidentiality information,
Restrictions it is temporarily not
disclosed to the
Corporate Governance public.
governance body Association Committee
strategy
Sustainability Strategy
GRI Standard Disclosure Location Omitted Reason Explanation GRI Standard Disclosure Location Omitted Reason Explanation
Integrity Management and Materiality Assessment
Business Ethics Investor Rights Protection
Management material topics Fair Employment and Rights
Fair Employment and Rights Protection
Protection
Integrity Management and 201-1 Direct economic
Business Ethics For relevant information, see the
value generated and Omitted Not applicable
distributed
commitments Management GRI 201
Fair Employment and Rights Economic 201-2 Financial Climate Change Addressing
Protection Performance 2016 implications and other risks Materiality Assessment
and opportunities due to
Integrity Management and
climate change
remediate negative Responsible Supply Chain
Management For relevant information, see the
impacts obligations and other Omitted Not applicable
Fair Employment and Rights company's 2025 Annual Report
retirement plans
GRI 2 Protection
General Disclosures 201-4 Financial assistance For relevant information, see the
Integrity Management and
seeking advice and raising Responsible Supply Chain
Management 3-3 Management of
concerns Materiality Assessment
Fair Employment and Rights material topics
Protection
laws and regulations of each topic in the report entry level wage by gender Confidentiality requirements for the
Omitted
GRI 202 compared to local Restrictions information, it is temporarily not
associations Management 2016
Materiality Assessment Due to confidentiality
Stakeholder Engagement Confidentiality requirements for the
stakeholder engagement management hired from Omitted
Restrictions information, it is temporarily not
the local community
disclosed to the public.
Due to confidentiality
Omitted
agreements Restrictions it is temporarily not 3-3 Management of
Materiality Assessment
disclosed to the public. material topics
Materiality Assessment GRI 203: Indirect
material topics investments and services Rural Revitalization and
Not applicable (omitted) Economic Impacts
GRI 3
Material Topics 2021
Community Engagement
Materiality Assessment economic impacts
material topics Public Welfare & Charity
GRI Standard Disclosure Location Omitted Reason Explanation GRI Standard Disclosure Location Omitted Reason Explanation
Materiality Assessment
Due to confidentiality
Responsible Procurement
Responsible Supply Chain 301-2 Recycled input Confidentiality
topics Omitted information, it is
Management materials used Restrictions
GRI 204: Procurement temporarily not
Practice 2016 disclosed to the public.
GRI 301: Materials
Due to confidentiality 2016
Omitted information, it is 301-3 Reclaimed products
on local suppliers Restrictions requirements for the
temporarily not Confidentiality
and their packaging Omitted information, it is
disclosed to the public. Restrictions
materials temporarily not
disclosed to the public.
Materiality Assessment
Integrity Management and
topics
Business Ethics
topics Energy Management
GRI 205: Anti- for risks related to corruption Business Ethics
corruption 2016
training about anti corruption Business Ethics
policies and procedures Key Performance Indicators 302-1 Energy consumption Energy Management
within the organization Key Performance Indicators
corruption and actions taken Business Ethics
The company is
Materiality Assessment involved in too many
Integrity Management and business relationships
topics
Business Ethics 302-2 Energy consumption Lack of and value chain
GRI 206: Anti- Omitted
GRI 302: Energy 2016 outside of the organization information segments, making it
competitive Behavior Due to confidentiality
competitive behavior, Confidentiality the actual external
Omitted information, it is
antitrust, and monopoly Restrictions energy consumption.
temporarily not
practices
disclosed to the public.
Materiality Assessment
Circular Economy
topics
Pollutant and Waste Management
GRI 301: Materials Sustainability Governance
consumption
Due to confidentiality
Confidentiality 302-5 Reductions in energy
Omitted information, it is
weight or volume Restrictions requirements of products Sustainability Governance
temporarily not
and services
disclosed to the public.
GRI Standard Disclosure Location Omitted Reason Explanation GRI Standard Disclosure Location Omitted Reason Explanation
Materiality Assessment biodiversity loss Protection
Water Resource Management
topics
Pollutant and Waste Management GRI 101
Biodiversity 101-7 Changes to the state of Ecosystem and Biodiversity
Ecosystem and Biodiversity
Protection
as a shared resource Pollutant and Waste Management
GRI 303
Water and Effluents
Pollutant and Waste Management Climate Change Addressing
discharge-related impacts topics
Pollutant and Waste Management
Key Performance Indicators
emissions
Materiality Assessment
Ecosystem and Biodiversity GRI 305 Key Performance Indicators
topics GHG emissions
Protection Emissions 2016
Key Performance Indicators
reverse biodiversity loss Protection emission intensity
GRI 101 101-2 Management of Ecosystem and Biodiversity 305-5 Reduction of GHG
Key Performance Indicators
Biodiversity biodiversity impacts Protection emissions
sharing Protection 305-6 Emission of ozone-
Key Performance Indicators
depleting substances (ODS)
biodiversity impacts Protection
biodiversity impacts Protection significant air emissions
GRI Standard Disclosure Location Omitted Reason Explanation GRI Standard Disclosure Location Omitted Reason Explanation
Materiality Assessment
Fair Employment and Rights
topics
Protection
topics Pollutant and Waste Management 401-1 New employee hires
Key Performance Indicators
and employee turnover
significant waste related Pollutant and Waste Management Employment not provided to temporary or 5.4 Humanistic Care: Building a
impacts 2016 part-time employees Harmonious Workplace
GRI 306
Waste 306-2 Management of
Pollutant and Waste Management Fair Employment and Rights
Circular Economy Protection
impacts 401-3 Parental leave
Harmonious Workplace
Materiality Assessment
topics
Key Performance Indicators Labor/ management Due to confidentiality
disposal 402-1 Minimum notice
relations 2016 requirements for the
Confidentiality
periods regarding Omitted information, it is
Restrictions
Key Performance Indicators
disposal disclosed to the public.
Materiality Assessment topics Occupational Health and Safety
Responsible Supply Chain
topics
Management
GRI 308 GRI 403: Occupational and safety management Occupational Health and Safety
Supplier environmental 308-1 New suppliers that Health and Safety 2018 system
assessment 2016 were screened using Key Performance Indicators
environmental criteria 403-2 Hazard identification,
risk assessment, and Occupational Health and Safety
Responsible Supply Chain
environmental impacts in the
Management
supply chain and actions 403-3 Occupational health
Key Performance Indicators Occupational Health and Safety
taken services
GRI Standard Disclosure Location Omitted Reason Explanation GRI Standard Disclosure Location Omitted Reason Explanation
consultation, and Materiality Assessment
communication on Occupational Health and Safety Fair Employment and Rights
topics
occupational health and Protection
safety
occupational health and Occupational Health and Safety GRI 405 405-1 Diversity of
Corporate Governance
safety Equity and Diversity governance bodies and
Key Performance Indicators
Occupational Health and Safety
health
Due to confidentiality
GRI 403 Occupational and remuneration of women Omitted information
mitigation of occupational Restrictions
Health and Safety to men , it is temporarily not
health and safety impacts Occupational Health and Safety
directly linked by business
relationships
occupational health and Occupational Health and Safety Fair Employment and Rights
topics
safety management system Protection
GRI 406 Non
discrimination 2016
Occupational Health and Safety 406-1 Incidents of
Key Performance Indicators discrimination and
Protection
corrective actions taken
Occupational Health and Safety
Key Performance Indicators 3-3 Management of material
Materiality Assessment
topics
Materiality Assessment GRI 408
Employee Training and Child Labor 2016
topics 408-1 Operations and
Development Fair Employment and Rights
suppliers at significant risk
Protection
for incidents of child labor
Key Performance Indicators
training per year per employee
GRI 404
Training and Materiality Assessment
Education 2016 Employee Training and
employee skills and transition
Development
assistance programs GRI 409
Forced or Compulsory 409-1 Operations and
Fair Employment and Rights
employees receiving regular for incidents of forced or Protection
Protection
performance and career compulsory labor
Key Performance Indicators
development reviews
GRI Standard Disclosure Location Omitted Reason Explanation GRI Standard Disclosure Location Omitted Reason Explanation
Materiality Assessment
Product Quality and Safety
Materiality Assessment Hazardous Substance
topics
topics Rural Revitalization and Public Customer Service
Welfare & Charity
Product Quality and Safety
GRI 416: Customer 416-1 Assessment of the
Hazardous Substance
Health and Safety 2016 health and safety impacts of
Management
GRI 413: Local Customer Service
Communities 2016 community engagement,
Key Performance Indicators
impact assessments, and
development programs 416-2 Incidents of non Product Quality and Safety
compliance concerning the Hazardous Substance
health and safety impacts of Management
Environmental Compliance products and services Customer Service
Management
significant actual and
Community Engagement
potential negative impacts Materiality Assessment
Rural Revitalization and Public 3-3 Management of material
on local communities Hazardous Substance
Welfare & Charity topics
Management
Hazardous Substance
Materiality Assessment for product and service
topics Management
information and labeling
GRI 417
Marketing and Labelling 417-2 Incidents of non-
GRI 414: Supplier 2016 compliance concerning
were screened using social Management Omitted Not applicable information has been
Social Assessment product and service
criteria Key Performance Indicators collected/compiled
compliance concerning
impacts in the supply chain Management Omitted Not applicable information has been
marketing communications
and actions taken Responsible Procurement collected/compiled
Materiality Assessment
Omitted Not applicable topics
topics of national conditions Protection
GRI 415
GRI 418
Public Policy
Customer Privacy 2016
Information Security and Privacy
complaints concerning
Not applicable in light Protection
of national conditions Customer Service
and losses of customer data
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