Environmental, Social
and Governance (ESG)
Report
Table of
Contents 01
Value Creation Practitioner
R&D Innovation Leader
Intellectual Property Pioneer
High-quality Product Provider
Letter from Our Chairman 2 Corporate Governance Structure 18 Governance 25 Governance 31 Product Quality 35
About Montage Technology 3 Compliance and Internal Control 19 Strategy 26 Strategy 31 Privacy and Data Security 37
ESG Governance in Practice 12 Business Ethics 20 I mpact, Risk, and Opportunity I mpact, Risk, and Opportunity Customer Service 40
Management 28 Management 33
Compliant Competition 22
Metrics and Targets 29 Metrics and Targets 33
Investor Relations 23
Appendix 66
People-oriented Employer Social Value Creator Climate Change Guardian Green Operation Advocator
Compliant Employment and Inclusion 42 Responsible Supply Chain 49 Governance 55 Environmental Management 61
Talent Cultivation and Development 43 Industry Jointly Advancing Strategy 56 Energy Use 62
Together 51
Employee Rights and Care 45 Impact, Risk, and Opportunity Water Resource Use 63
Social Public Welfare and Rural Management 58
Employee Health and Safety 47 Circular Economy 64
Education 52
Metrics and Targets 59
Emission Management 65
Letter from Our
Chairman Strategic Leadership: Building Our Interconnect Strength Amid the
AI Wave
billion, up 49.9% year-on-year; net profit attributable to owners of
the parent was RMB 2.236 billion, an increase of 58.4% year-on-year,
representing leapfrog growth.
We place great emphasis on shareholder returns, sharing development
achievements with investors through continuous dividends and share
repurchases. During the Reporting Period, the Company paid cash
The advancement of artificial intelligence is elevating interconnectivity
dividends of RMB 0.67 billion and repurchased shares worth RMB 0.42
in data transmission to a strategic level on par with computing and People First: Building a World-Class Hard-Tech Team
billion; from the A-share listing in July 2019 to the end of 2025, we have
memory. Building on our position as a global leader in memory
As an innovation-driven hard-tech company, we regard talent as our most cumulatively paid cash dividends of RMB 2.37 billion and repurchased
interconnect chips, Montage Technology is expanding into the
valuable asset. Keeping pace with global technological frontiers, we shares worth RMB 1.43 billion. We have incorporated market capitalization
broader high-speed interconnect market, steadily progressing toward
continue to attract and cultivate top-tier R&D and management pro- into the executive assessment framework for four consecutive years,
our vision: to become a leading global provider of interconnect
fessionals, forging a team with global vision and systems engineering guiding management to focus on long-term value creation.
semiconductor solutions.
excellence.
Green Operations: Low-Carbon Development and Fulfilling
We strategically capitalized on the dual opportunities presented by
Guided by our "People First" principle, we foster a diverse and inclusive Environmental Responsibilities
the DDR5 iteration and the AI industry surge, continuously advancing
workplace and support the growth of our people alongside the
product innovation and upgrades. During the Reporting Period, Montage Technology integrates sustainability principles into product
Company. We implement a comprehensive talent strategy—attracting
shipments of our memory interconnect chips grew substantially. We R&D and corporate operations. In product design, we adhere to a
Dr. Howard C. Yang
talent with meaningful careers, uniting them with our culture, and
introduced a range of new products, including DDR5 Gen 5 RCD chips, low-power design philosophy. Our DDR5 Gen 5 RCD chips reduce
motivating them through institutional mechanisms—by establishing
Gen 2 MRCD/MDB chips, and the latest generation of CKD chips. We power consumption by nearly 40% at equivalent speeds compared
a market?competitive compensation structure, multi?tiered welfare
also led the development of relevant international standards at JEDEC, to our DDR5 Gen 1 RCD chips, helping to enhance energy efficiency
Montage Technology Co., Ltd. benefits, and a broad?based employee stock ownership plan. These
advancing innovation in memory interconnect technology. These in data centers through technological innovation. In supply chain
efforts strengthen the alignment of interests among our employees,
Chairman of the Board, Chief efforts have further solidified our market leadership in this field. management, we collaborate with partners to build a responsible
the Company, and shareholders. We are committed to our employees'
supply chain and strictly implement the conflict-free minerals policy.
Executive Officer and Chief In the PCIe high-speed interconnect domain, we continue to expand professional development and physical and mental well-being, and we
In our operations, we continuously promote energy conservation and
Scientist our product portfolio. Building on our in-house high-speed SerDes nurture individual and collective potential through systematic talent
emission reduction, optimize waste recovery and resource recycling,
technology, and following the successful commercialization of PCIe 5.0 development, thereby building a sustainable talent foundation for
and gradually expand the accounting and disclosure of Scope 3 carbon
Retimer chips, we have launched PCIe 6.x/CXL 3.x Retimer chips along the Company's long?term competitiveness and growth in the global
emissions, fulfilling our environmental responsibilities with a more
with corresponding Active Electrical Cable (AEC) solutions. Meanwhile, marketplace.
transparent approach.
development of PCIe 7.0 Retimer and PCIe Switch chips is progressing
In 2025, our global R&D technical team continued to grow, reaching
steadily, as we move toward offering customers a more comprehensive Giving Back to Society: Commitment to Social Responsibility
a total of 583 members, accounting for 74% of the total employee
and competitive suite of PCIe interconnect solutions.
headcount. Within the R&D team, 64% hold master's degrees or above. Our growth is rooted in society, and we are committed to giving back.
Time flows and seasons renew. As the wave of artificial The CXL technology ecosystem is thriving. As the first company During the Reporting Period, we actively engaged in initiatives to
Governance Foundation: Safeguarding Long-Term Value with
intelligence reshapes the global technological worldwide to introduce Memory Expansion Controller (MXC) chips, strengthen the industry ecosystem and support social welfare. Through
Transparency and Compliance
we have collaborated with partners to drive the maturation and philanthropic programs focused on education and community care,
landscape with overwhelming momentum, Montage
commercialization of CXL technology. During the Reporting Period, Corporate governance is the cornerstone of enterprise sustainable we fulfilled our responsibilities as a corporate citizen, extending the
Technology ushered in a significant milestone in early we launched MXC chips compliant with the CXL 3.1 standard and have development. Leveraging our listing on the Main Board of the Stock positive impact of technological progress to more communities.
Our listing on the international capital market in early 2026 marks
memory pooling and expansion applications gaining traction, with AI optimized the Board structure, enhanced the internal control system,
Exchange of Hong Kong Limited. Standing at the new inference emerging as a key catalyst for their widespread adoption. and strengthened business ethics and compliance management, further
a new beginning for Montage Technology. We are grateful for this
milestone and mindful of the responsibility it brings. Moving forward,
starting point of the international capital market, the establishing a sound governance mechanism with clear accountability
we will continue to uphold the corporate spirit of "accelerating
Ethernet and optical interconnect are critical components in high-
Company looks back at 2025: the Company's people speed connectivity and a key strategic focus for our expansion.
and efficient operations. We added one new independent director to
with focus & innovation", driving industrial advancement through
the Board, increasing the proportion of independent directors to 50%
fully embraced the arrival of the AI era, continuing Currently, we are engaged in the development of Ethernet PHY Retimer
and making the Board structure more diverse and balanced. We are
technology, ensuring sustainable growth through sound governance,
chips to accelerate our product layout in this field. Leveraging our protecting our environment through green operations, and
to strengthen the foundation of products through long-term expertise in high-speed SerDes technology and proven
committed to responsible practices and actively manage our operations
contributing sincerely to society. Together with all our stakeholders,
and supply chain in accordance with the standards of the Responsible
technological innovation. While continuously creating industrialization capabilities, we are well-positioned to achieve new
Business Alliance (RBA) for the global electronics industry, striving to
we look forward to interconnecting infinite possibilities and powering
breakthroughs in both technology and the market. a better future in the unfolding journey of the artificial intelligence era.
excellent value for customers, the Company remains foster an ethical, transparent, and sustainable business ecosystem. Our
steadfast and unremitting in its efforts to achieve Innovation is the cornerstone of Montage Technology's development. information disclosure has been rated Grade A (Excellent) by the Shanghai
Over the past year, a clear product strategy, efficient R&D execution, Stock Exchange (SSE) for three consecutive years. We were included as a
steady and long-term development. and sharp market insights have driven the Company to record-high constituent stock of the SSE 50 Index for the first time, further elevating
performance. In 2025, the Company recorded revenue of RMB 5.456 our capital market profile.
About Montage Technology
Company Profile The U.S.
Beijing South Korea
Xi'an
Montage Technology was founded in 2004. It is a globally leading fabless integrated Kunshan Shanghai (Headquarters)
circuit design company dedicated to providing innovative, reliable, and high-efficiency
interconnect solutions for cloud computing and artificial intelligence. Currently, the
Company has two major product lines: interconnect chips and Jintide products. Zhuhai Macao
Hainan
The Company was listed in July 2019 among the first batch of companies on SSE STAR
Market (Stock code: 688008.SH). In February 2026, Montage Technology was listed on the
Main Board of the Hong Kong Stock Exchange(stock code:6809) .
Headquarters Shanghai, China
Branches Kunshan?Xi'an?Beijing?Macao?Zhuhai?Hainan?The U.S.?South Korea
Development Milestones
elivered the world's first CXL
Memory eXpander Controller
(MXC) chip
T Intel Capital and
architecture invented by our Samsung Venture
the first DDR5 Clock 2024
Company was adopted by invested in us
DDR2 Advanced Driver (CKD) chip in the
Memory Buffer (AMB) industry
standard for LRDIMM P
rofitable for 10 Launched
DDR5 Gen1
chips were certified consecutive years since MRCD/MDB chips
ontage
M
Technology was
founded
PCIe 6.x/CXL 3.x Retimer chip
Achieved
mass production
for our PCIe 5.0/CXL 2.0
One of the first 25 Elected to the JEDEC Board S
ampled DDR5 Gen2 MRCD/MDB chips
ur chips first achieved mass
O ompleted certification
C Won the GSA Retimer chips
production for our DDR3 Register Award for Best companies to have listed
A
chieved mass production launched
the CXL 3.1 MXC chip
Buffer chip and Memory Financially Managed on the Shanghai Stock A
warded Forbes "2023 Top
btained the first authorized
O Buffer chip Semiconductor Exchange STAR Market and delivery of DDR5 50 Innovative Enterprises in Awarded
Fortune "Top 50 Chinese Tech Companies"
invention patent Company memory interface and China"
chieved profitability for
A module supporting chips
the first time
Having established an A+H dual platform via listing on the Hong Kong
Stock Exchange
On February 9, 2026, The Company successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming an A+H dual-platform
listed company and marking a new step in the Company's global layout and brand influence.
July 2025 December 2025 February 2026
Strong Subscription from International Investors The Company submitted the Completed the overseas listing filing Listed on the Main Board of the
Highlighting the Company's Core Value
application to the Stock Exchange of with China Securities Regulatory Stock Exchange of Hong Kong and
Hong Kong for the offering and listing Commission and passed the listing commenced trading (stock code: 6809.
of H shares hearing in the Stock Exchange of HK), the closing price on the first day of
Our global offering of H shares received strong interest from international investors, fully
Hong Kong listing was HK$175, up 63.72% from the
reflecting the high recognition from the global capital market for the Group's development
issue price, with a total market value of
strategy and investment value.
over HK$210 billion
Cornerstone Investors Anchor Investors
We introduced multiple top-tier We received more than 500 orders in the
international long-term investors, international placement, with order sizes
strategic investors and renowned exceeding US$30 billion, representing an
technology-focused funds, with oversubscription multiple of over 60 times
subscription by cornerstone investors the amount allocated to them.
accounting for 50% of the base offering
size.
Company Philosophy
Focus Innovation Acceleration
Be the best at what you do ake "valuable" innovations
M chieve a qualitative leap
A
ccelerate AI power with innovative
A "Don't get involved in other fields until you Innovation in applied technology refers to "Acceleration" is a natural result of "focus" and continuous
Corporate Mission interconnects
have ranked among the top two in your own effectively solving problems encountered in "innovation".
field." practical applications.
uphold the spirit of craftsmanship with the pursuit
We
We are dedicated to advancing high-speed continue to explore effective solutions to
We
of excellence, and achieve an acceleration in PCle, CXL
interconnect technology through relentless new problems arising in the field of applied
ecome a leading global provider of
B and other new fields, while strategically expanding our
interconnect semiconductor solutions innovation, maintaining global leadership in technology.
presence across the broader high-speed interconnect
Corporate Vision the memory interconnect chip sector.
market.
Accelerating with focus and innovation
pholding craftsmanship, driving exceptional growth
U
Corporate Culture
through sustained innovation
Development Strategy
Interconnect solutions
Processing massive enable more efficient and reliable data Storing massive data
data with accelerated exchange and transmission involves massive capacity
performance and growing expansion and mounting
architectural complexity bandwidth demands
Computing Memory
Interconnectivity
Three pillars of AI infrastructure
Development Strategy
With a primary focus on the interconnect chip sector, we aim to provide customers with a diverse portfolio of high-speed interconnect solutions, building synergistic competitive advantages through continuous R&D and innovation.
Focus on R&D innovation to enrich our product portfolio and expand business Maintain technological and market leadership, and drive collaborative
footprints developments in the global interconnect chip industry
Memory interconnect ontinue to drive the development and refinement of technical standards and ecosystems for the interconnect chip
C
industry
Continue to invest in product iteration and upgrading, lead technological innovation of new products, and strengthen the leading
position in the industry
PCIe/CXL interconnect
Enhance R&D efforts in SerDes and other fundamental technologies to promote the iteration and upgrading of
P
artner with industry stakeholders to accelerate the adoption of cutting-edge technologies and new products
existing products as well as market expansion, and develop new product such as PCIe Switch
DRAM memory suppliers Cloud Service Provider (CSP) CPU/GPU vendors Server OEM/ODMs
Ethernet and optical interconnect
Employ flexible approaches to R&D, partnerships, and/or investment to expand product portfolio
Continue to adopt a talent-centric approach to advance Pursue investment, collaboration and M&A opportunities to
strategic development and management efficiency strategically enhance our capacity for growth
ttract top-tier R&D and management talent to build world-class
A E
xplore strategic investments, collaborations and M&A
teams opportunities aligned with our strategic goals
Implement talent incentive programs to unlock employee potential F
urther enhance our technology capabilities and broaden our
addressable markets
Interconnect Chip Product Line
The Company's interconnect chip solutions, based on open industry standards, mainly consist of memory interconnect chips, PCIe/CXL interconnect chips, and clock chips, helping make data interconnection and interoperability more efficient and reliable.
Memory Interconnect Chip PCIe / CXL Interconnect Chip Clock chips
RCD/DB chips MRCD/MDB chips CKD chips emory module
M PCIe Retimer chips MXC chips Clock chips
supporting chips
Memory interface chips serve as MRCD/MDB chips serve as the CKD chips are used in PC memory The DDR5 memory module PCle Retimer chips are designed MXC chips are CXL memory Clock chips are integrated circuits
the core logic devices for server core logic devices in MRDIMM modules. When DDR5 data rates reach requires three supporting chips, to address issues such as signal expansion controller chips, primarily that provide essential clock pulses
memory modules. Their primary (Multiplexed Rank DlMM), a new 6,400MT/s and above, a dedicated namely Serial Presence Detect timing misalignment, severe signal used for memory expansion and to electronic systems, mainly
function is to enhance the speed generation of high-bandwidth clock driver chip(CKD)is required to (SPD)Hub, Temperature Sensor loss, and poor signal integrity memory pooling. They are designed including clock generator chips,
and stability of memory data server memory modules designed buffer and re-drive the clock signals (TS) and Power Management during long-distance, high-speed for memory AIC expansion cards, clock buffer chips, jitter attenuator
access, meeting servers' growing to meet the demanding memory on the memory module, so as to IC(PMIC). PCle data transmission in data backplanes and EDSFF memory chips, oscillators, and real-time clock
demands for high performance and bandwidth requirements of Al ensure the integrity and reliability of centers. These chips have become modules. In the era of artificial chips (RTC), etc. The Company has
large capacity from CPU memory and high-performance computing high-speed clock signals. As AI PCs critical components in PCle high- intelligence, MXC can greatly expand launched clock generator chips,
modules. The Company has applications. A standard MRDIMM require higher memory bandwidth, speed circuits, helping to extend memory capacity and bandwidth clock buffer chips, and spread-
successively developed memory configuration will incorporate 1 the increase in AI PC penetration channel reach. They can be widely to meet the growing needs of data- spectrum oscillators.
interface chip series spanning from MRCD chip and 10 MDB chips. is expected to accelerate the next- used in applications like Al servers, intensive applications such as
DDR2 to DDR5 generations. generation iterations of DDR5 and active electrical cables (AEC), NVMe high-performance computing and
boost the demand for CKD chips. SSDs, and riser cards. artificial intelligence.
Industry Status
Leader in Market share Leader in R&D Industry standard formulation
O
ne of the JEDEC board members, with several committee chair level positions
The world's largest memory One of the world's three major suppliers capable of
interconnect chip supplier, with L
eading in shaping and establishing international standards for memory
providing a full spectrum of full/half buffered DDR2 to
a market share of interconnects. We are the spec owner of DDR5 RCD, MDB and CKD chips, driving
DDR5 memory interface solutions
% One of the world's two companies capable of
L
everaging the profound expertise in memory interconnect, we have expanded
in terms of revenue in 2024 supplying both DDR5 Gen 1.0 and Gen 2.0 MRCD/MDB
into other high-speed interconnect domains and become a member of
chips
international consortia such as PCI-SIG, CXL Consortium and UALink Consortium
The world's second-largest PCIe The first in the industry to deliver and trial produce
Retimer chip supplier, with a DDR5 CKD chips
market share of
One of the two major global suppliers of PCIe 5.0/CXL Industry ecosystem construction
% 2.0 retimer chips, launched PCIe 6.x/CXL 3.x retimer
chips, using in-house high-speed SerDes IP
in terms of revenue in 2024 With over two decades of in-depth experience and a consistent track record in the
The supplier of the world's first CXL MXC product, interconnect solutions industry, we have established a strong reputation as a trusted
among the first batch listed on the compliant supplier and reliable partner in the industry, enabling us to build and maintain strategic
According to the data from Frost & Sullivan list for CXL 1.1 and CXL 2.0, launched the CXL 3.1 MXC relationships with some of the world's most renowned companies across the AI
chip infrastructure ecosystem, including memory module suppliers, server OEM/ODMs,
CPU and GPU vendors, and cloud service providers
Business Performance
In 2025, we actively seized the industry opportunity presented by the AI industry trend. By intensifying our R&D innovation and market expansion, we achieved a substantial growth in operational results by leveraging our core technological advantage, alongside continuous improvement in
development quality. Multiple key financial metrics reached record highs.
Revenue Net profit attributable to shareholders of the parent Gross margin (%)
unit：RMB 100million unit：RMB 100million
% %
Revenue of Interconnect Chips Net profit attributable to shareholders the parent after excluding the Gross margin of interconnect chips (%)
unit：RMB 100million impact of share-based payment expenses
unit：RMB 100million
% %
ESG Governance in Practice
The Company is committed to sustainable development and has always fully
integrated environmental, social and governance (ESG) principles into its corporate
governance and strategic development framework. The Company has established
regular, multi-tiered channels for stakeholder engagement, actively listening to and
responding to the expectations and concerns of all parties towards the Company.
On this basis, we conduct a structured materiality assessment on ESG topics. This
enables the scientific identification of key priorities and defines the strategic focus
and implementation roadmap of ESG work, ultimately driving the deep integration
of responsible practice and business development.
ESG Governance Structure 14
Stakeholder Engagement 15
Double Materiality 16
People-oriented Social Value Climate Change
Value Creation Practitioner Employer Creator Guardian
Cumulative dividends2 for 2025 As a % of 2025 Net Profit Coverage of business Proportion of Female Directors Coverage of core suppliers with Scope 1 & 2 GHG Emissions Intensity
(including Repurchases) Attributable to Owners of ethics training quality management systems
the Parent
% tCO2e per employee
%
RMB million % %
Proportion of Female Senior Management
%
Products met the requirements of Scope 3 GHG Emissions 3
R&D Innovation Leader
ROHS and REACH standards
tCO2e
R&D expense ratio Proportion of R&D Comparison of power consumption between %
technicians Gen5 DDR5 products and Gen1 products at
the same rate Coverage of employee stock
incentives
% % Down by % %
None
Sourcing of conflict minerals
%
High-quality Product
Intellectual Property Pioneer Provider
Average training hours per
Employee
Newly granted Invention Patents Customer Satisfaction Score
Green Operation Advocator
hours
ISO 9001 100 182.5
Coverage of employee training Recycle clothes and books Comprehensive Energy use
Cumulative granted Invention Patents Intensity
Obtained certification
% kg
ISO 27001
MWh/person
Obtained certification
Including the repurchase amount in 2025, the interim cash dividend distributed in 2025, and the proposed cash dividend to be distributed under the 2025 annual profit distribution plan.
The accounting boundary for its Scope 3 greenhouse gas emissions includes C6 (Business Travel) , C7 (Employee Commuting and Travel), C2 (Capital Goods), C4(Upstream Transportation and Distribution) and C9 (Downstream Transportation and Distribution).
ESG Governance Structure
Board Statement
The Company has established a comprehensive, well-structured, and efficient ESG management mechanism. It clearly defines the roles and responsibilities of all levels, departments, and positions
concerning ESG matters.
Board Responsibilities
Montage Technology's ESG Governance Structure The Board of Directors, as the highest decision-making body for ESG governance,
is fully responsible for the supervision, guidance, and review of ESG-related
matters, and ensures the effective implementation of the ESG strategy in
the Company's daily operations. The Board of Directors is responsible for
Board of Directors formulating and overseeing the ESG strategy and objectives, listening to reports
and recommendations from the Strategy and ESG Committee on ESG work,
The leadership and decision-making body of ESG work, decides the Company's ESG development direction, strategy
periodically evaluating the implementation progress and achievement of ESG
and objectives,and approves the Company's ESG management policies, ESG report and material ESG issues.
objectives, and making necessary optimizations and adjustments based on the
Company's actual situation.
Strategy and ESG Committee of the Board The Board of Directors has established the Strategy and ESG Committee under
The governing body dedicated to studying,analyzing, and evaluating ESG related matters. Its core responsibilities it, which is responsible for researching and making recommendations on the
include deliberating on the Company's ESG strategic direction, objectives, as well as reviewing ESG disclosures and Company's long-term development strategic planning; reviewing the Company's
material sustainability issues. sustainable development and ESG-related strategic plans and guiding the
Decision- implementation of related work; paying attention to ESG-related risks and
making opportunities that have a significant impact on the Company's business and
putting forward corresponding recommendations; and reviewing the Company's
annual ESG report.
Sustainability Working Group Topic Analysis
The management body of ESG work. The members of the working group are composed of heads of
various departments, who are mainly responsible for overall management of ESG related work and The Company maintains regular communication with stakeholders to fully
guiding the daily work of ESG. understand their expectations and needs. Through conducting a materiality
Management assessment on ESG topics, the Company identifies the key priorities of ESG
initiatives and strategic focus areas.
Daily Practice
Sustainability Related Functional Departments
The executive body of ESG implementation of the annual plan and comply with The Company has established a Sustainability Working Group, which assists in
relevant ESG management requirements of the Company,including organizing improving the Company's ESG information collection system, conducts analysis
information collection and preparing ESG reports,etc. based on the nature of the Company's business, formulates corresponding
strategies, objectives, and action plans, comprehensively advances the
Execution Company's ESG strategy, integrates it into the Company's daily operations, and
continuously enhances the Company's ESG governance capabilities.
Stakeholder Communication
The Company attaches great importance to interaction and communication with stakeholders and has established an institutionalized, regular multi-channel communication mechanism. The Company adheres
to the communication principles of integrity, equality, and transparency, proactively and regularly conducts systematic exchanges with all parties, fully listens to and identifies feedback from stakeholders, and Stakeholder
conducts dynamic evaluations and optimization adjustments on the Company's sustainable development strategic planning and related practices, to ensure that the Company's ESG work always progresses in
alignment with stakeholders' expectations and social development requirements.
Montage Technology has institutionalized regular channels
Stakeholders Issues of concern Channels of communication for ESG communication and feedback, ensuring timely and
transparent two-way dialogue with its key stakeholders. Through
this mechanism, the Company actively solicits and incorporates
stakeholder input via a range of channels, such as structured
Product Quality Business Ethic Information Disclosure
General Shareholder's Meeting
Shareholders / Investors Innovation & R&D Business Performance Roadshows and Investor interviews, topic-focused workshops, and surveys. This feedback
Results Release
Conference is systematically integrated into the ongoing enhancement of our
ESG program. This process drives the continuous improvement
and impact of our related practices.
Business Performance Innovation Management Information Disclosure Policy Implementation
Government /Regulators Reception of investors Daily Communication
ESG Ratings & Recognitions
Product Quality Business Ethics
Documentation Exchange Subject to Supervision
Win-Win Cooperation Rating agency Rating
Business Ethic Customer Visits
Product Quality Special Meetings
Customers Information Security Customer Service Feedback
Green Products Technical Discussion
Online Communication
Human Capital Occupational Health
Career Planning
MSCI ESG rating
BB
Training & Education
Employees Employee Rights and Benefits Business Ethics Compensation and Benefits
Complaint Channel
Employee Events
Wind ESG rating
A
Customer Service Innovation Management Industry Seminars
Supplier Assessment
Partners / Suppliers Business Ethics Supply Chain Management Supplier Conference
AA
Complaint Channel
Supplier Training CSI ESG Rating
Community Engagement
A
Win-Win Cooperation Community Events
Community / Public Environmental Protection Educational Support SSI ESG Rating
Public Welfare Undertakings
Double Materiality Analysis
The Company has systematically identified 23 key issues covering environmental, social and governance (ESG) dimensions based on the Based on systematic evaluation and prudent analysis, Montage Technology has identified two key issues of financial materiality: "Innovation
Company's development strategy, capital market concerns and expectations, and industry-leading practices. The Company extensively Driven" and "Intellectual Property Protection". Based on the constructed dual materiality matrix, the Company scientifically prioritizes the
collects feedback from core stakeholders such as shareholders, customers, and employees on the issues through various methods such as management of the issues. It integrates the analysis into its strategic planning and resource allocation processes, identifies key priorities for
conducting ESG special questionnaires and organizing investors. Through in-depth analysis and comprehensive evaluation of the research advancement, and continuously enhances the Company's long-term competitiveness and overall performance.
results, Montage Technology has finally constructed a double materiality issue matrix for the year 2025, providing a scientific basis for the
prioritization and strategic focus of ESG work.
Double Materiality Identification Process Montage Technology's Double Materiality Matrix
Impact importance
Drawing on authoritative ESG rating frameworks from capital markets—including MSCI, S&P Sustainable profitability
DJSI (S&P Dow Jones Sustainability Indices), Wind, and Huazheng ESG Rating—and integrating Product and service safety & quality
sustainability disclosure standards such as GRI (Global Reporting Initiative) Standards, UN SDGs Data security and customer privacy Intellectual property protection
Innovation-driven
(United Nations Sustainable Development Goals), and the No. 14 of Shanghai Stock Exchange's Self- protection
Identification Employees
Regulatory Guidelines for Listed Companies-Sustainability Report (Trial), we have benchmarked Anti-commercial bribery and anti-corruption
of issues and Supply chain security
material sustainability issues identified by industry peers. Through systematic analysis of sector-
establishment of
specific priorities, we developed and refined an ESG materiality matrix tailored to our industry's core
issue repository Due diligence
sustainability challenges. Stakeholder communication
Anti-unfair competition
Impact materiality
Ethics in science and technology
Waste management
Conducted multiple interviews to collect feedback and suggestions from various stakeholders Addressing climate change
Circular economy Social contributions
regarding Montage Technology's sustainability practices, as well as their views on future sustainability Environmental compliance management
Equal treatment of
strategies.
smes (Small and Medium-sized Enterprises)
Stakeholder Developed an online questionnaire focusing on the importance of ESG issue impacts and their
communication Ecosystem and biodiversity conservation
and survey financial implications, inviting stakeholders to rate the significance of corresponding ESG issues.
Rural revitalization
Based on the questionnaire results, issues were scored and ranked according to their importance in Pollutant emissions Energy utilization
terms of both "impact importance" and "financial importance". This ranking process incorporated the
insights of both internal management and external experts, ultimately resulting in the generation of a Water resource utilization
Materiality Financial importance
matrix.
assessment
Financial materiality
Environmental Social Governance and economic performance
Value Creation Practitioner
The Company has established a well-structured corporate governance system
with clearly defined responsibilities. Through robust internal control and audit
mechanisms, as well as business ethics requirements, the system ensures the
Company's standardized and compliant operations. At the same time, the Company
is committed to investor communication and information disclosure management,
actively responds to the stakeholder concerns, and improves governance efficiency
and transparency.
Corporate Governance Structure 18
Compliance and Internal Control 19
Business Ethics 20
Compliant Competition 22
Investor Relations 23
Value Creation R&D Innovation Intellectual High-quality People-oriented Social Value Climate Change Green Operation
Environmental, Social and Governance (ESG) Report 01 18
Practitioner Leader Property Pioneer Product Provider Employer Creator Guardian Advocator
Corporate Governance Structure Corporate Governance System Framework
The Company strictly complies with the Company Law of the People's Republic of China , the Securities Law of the People's Republic
of China , the Code of Corporate Governance for Listed Companies and other relevant laws, regulations, and regulatory requirements. The Company has revised the Articles of Association of Montage Technology Co., Ltd . (the "Articles of Association ") and related internal
In conjunction with the listing rules applicable to H shares, the Company has further optimized its corporate governance structure and governance policies in accordance with the Company Law of the People's Republic of China (2023 Revision), the Transitional Arrangements for
revised and formulated relevant internal systems. the Implementation of Supporting Rules under the New Company Law , the Guidelines for the Articles of Association of Listed Companies (2025
Revision) , and other relevant laws, regulations, and normative documents.
As of the date of disclosure of this Report, the Company's Board of Directors consists of 8 members, including During the Reporting Period, the Company formulated the Board Diversity Policy. The Nomination Committee of the Board considers a range
of diversity perspectives in the selection of Directors, including but not limited to gender, age, cultural background, and ethnicity, in addition
to factors such as educational background, professional experience, skills, knowledge, and length of service. The Company strives to maintain
Executive Directors Non-Executive Directors Independent Non-Executive Directors at least 10% female representation on the Board and will continue to emphasize the development of female talent by providing long-term
career development opportunities for female employees.
The Company has also established the Procedures for Shareholders to Nominate Candidates for Directorship , further standardizing the
process and operational requirements for shareholder nomination of Directors.
Remuneration and
Nomination Strategy and ESG
Type of Directors Directors Audit Committee Appraisal General Meeting of Shareholders
Committee Committee
Committee
Dr. Howard C. Yang
Executive
Directors Board of Directors Proportion of Female Directors
Mr. Stephen Kuong-Io Tai
Remuneration and
Dr. Wang Rui Appraisal Committee
Non-Executive
Directors
Ms. Fang Zhoujie Strategy and ESG 37.5%
Committee
Dr. Li Ruoshan
Nomination Committee
Proportion of Female Senior Management
Prof. Ko Ping Keung
Independent
Non-Executive Audit Committee
Directors
Dr. Yuhua Cheng
General Manager
Dr. Shan Hailing Board Office
(Management Team)
chairman Member
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Compliance and Internal Control
The Company places high importance on the development of its internal control system and continuously improves relevant policies, The Company regularly conducts internal and external audits to continuously enhance the management mechanisms of its business units and
including the Internal Control Management Manual and the Internal Audit Policy . A three-tiered risk management structure has been internal controls. Focusing on key risk areas such as sales and procurement, the Company carries out internal audits according to the plan,
established, comprising the Board of Directors, Audit Committee, and the Internal Audit Department, which collectively form a three-level ensuring that, in principle, all key business processes are audited at least once every three years. Furthermore, the Internal Audit Department
risk prevention mechanism. assisted the external auditors with the annual audit for 2025, supporting interviews and walk-through testing for 13 processes, and followed
up on the remediation of issues identified. During the Reporting Period, the Company conducted 8 special audits and no major violations
were found. For the issues identified during the audits, the Company required the relevant responsible departments to implement corrective
Internal Audit and Risk Management Framework of Montage Technology actions, all of which have been remediated.
Level 1- Board of Directors The Board of Directors of the Company has issued an Internal Control Evaluation Report for 2025 and an Internal Control Audit Report on the
Company's internal control has been issued by Ernst & Young Hua Ming LLP.
As the highest governing body responsible for internal control and risk management, the Board of Directors has overall responsibility for
promoting the development of the risk management and internal control systems and for supervising their implementation
During the Reporting Period
Level 2- Audit Committee
Special Audits Conducted Issue Remediation Rate
The Audit Committee oversees the Company's internal audit function. Its specific responsibilities include:
Reviewing the Company's annual internal audit work plan; eviewing internal audit reports, evaluating the outcomes
R
of internal audit activities, and monitoring the rectification
onitoring the implementation of the Company's internal
M of significant issues identified; Internal audit Processes
audit plan;
Providing guidance to ensure the effective operation of the
Internal Audit Department. Annual Plan for Internal Audit
Level 3- Internal Audit Department Implementation of Audit Projects
The Internal Audit Department is responsible for internal control and risk oversight. It ensures the implementation of the Company's Drafting Audit Opinions and Decisions to Form Internal Audit Reports and Internal Control Evaluation Reports
internal control policies, monitors internal control and risk-related activities, and assists the Board of Directors and the Audit Committee in
fulfilling their oversight duties. Key responsibilities include:
Submission to the Company's Audit Committee or the Board of Directors for Review
eviewing and evaluating the reliability, effectiveness,
R Reviewing and evaluating the safeguarding and integrity of
and completeness of the Company's internal control Company assets;
mechanisms; Follow-up Audit on the Implementation of Rectification Measures
nderstanding and assessing the likelihood of material
U
eviewing and evaluating the adequacy of the Company's
R risks to the Company and supporting the enhancement of
organizational structure, systems, and procedures; its risk management processes. Preparation of Audit Files Based on Relevant Materials
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Business Ethics
The Company continuously strengthens its commitment to business ethics and strictly complies with laws, regulations, and related requirements such as the Anti-Unfair Competition Law of the People's Republic
of China and the Interim Provisions on Prohibiting Commercial Bribery. The Board of Directors has established the Code of Business Conduct, which clearly defines and prohibits violations of business ethics, such
as bribery and corruption, discrimination, unauthorized disclosure of confidential information, conflicts of interest, monopolistic practices, unfair competition, money laundering, and insider trading. The Code sets
forth clear standards and strict prohibitions to guide all employees and managers in conducting business activities in a lawful and compliant manner.
At the governance level, the Company integrates business ethics management into its overall internal control framework. The Board of Directors assumes ultimate oversight responsibility and exercises centralized
management and supervision of business ethics related risks. In line with internal control and risk management arrangements, the Company also conducts regular business ethics audits covering all operational
locations and business processes. These audits assess compliance with business ethics requirements in employee conduct and business activities. This approach fosters a business environment built on integrity,
fairness, and transparency, helps maintain orderly markets and a positive industry reputation, and contributes to sustainable development.
Supervising Institution - Board of Directors Management Institution - General Manager's Office
Scope of the Business Ethics and Conduct Code
Anti-competitive Anti-money laundering Protection and utilization of company assets
Anti-trust Legistation Prohibition of insider trading Accurate audit reports
Anti-bribery and Anti-Fraud Compliance with environmental, health, and safety laws Anti-discrimination and anti-harassment
Prohibition of complicity and collusion Conflict of interest Honest and ethically sound business conduct
Honest advertising Protection and utilization of company assets Compliance with laws and regulations
At the same time, for high-risk business activities, the Company requires relevant employees to sign the Anti-Fraud Commitment Letter and the Anti-Bribery Declaration, thereby formally committing to their compliance
obligations. In supplier management, the Company incorporates the Anti-Bribery Declaration into its contracts suppliers, requiring partners to acknowledge and adhere to Montage Technology's relevant compliance
regulations.
To further enhance the overall understanding of the Company's business ethics and compliance requirements, the Company conducts business ethics and compliance Coverage Rate of Business Ethics Training
training and awareness programs for all employees, ensuring that employees understand and adhere to relevant policy requirements. During the Reporting Period, the
Company conducted business ethics-related training and awareness sessions, covering all employees. Directors received a total of 14 hours of anti-corruption training,
further strengthening compliance awareness and promoting appropriate standards of conduct across the Company. %
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Reporting Channel Investigation Procedure
If an employee believes that a violation of the Code of Business
Upon receiving the report, the General Manager's Office shall promptly register it, record each case truthfully, and submit it to the Company's General Manager within five working days. The General Manager, in
Conduct or other illegal or unethical business conduct has
conjunction with relevant departments, shall promptly investigate and handle the matter, and inform the reporter of the investigation status or outcome within one month. If the case is complex and cannot be
occurred or may occur, they should immediately report it to
concluded within the mentioned time frame, the reporter shall be informed of the reasons. If the reporter has not provided their real name or valid contact information, resulting in the inability to communicate the
their supervisor or the General Manager's Office. They can also
investigation results, the Company will not provide separate feedback. During the relevant investigation, the General Manager's Office may, as needed, conduct the investigation through internal secondments or the
make a report through channels such as hotline, email, or letter.
hiring of external experts.
Alternatively, they may entrust someone else to make the report
on their behalf. The Company encourages employees to report
using their real names to facilitate more efficient handling. The
Handling Measures
reporting channels are as follows:
The Company will take corresponding disciplinary actions against violations of the Code of Business Conduct , which specifically include the following measures: verbal warning, written warning, dismissal, etc. When
determining the specific disciplinary action, the Company will comprehensively consider the following factors: the nature and severity of the violation, whether the violation is a single incident or a recurring event,
Whistleblower Hotline: 021-54679037 whether the violation was intentional or unintentional, whether the employee was informed of the correct conduct prior to the violation, and whether there have been any other violations in the past.
If an employee's conduct involves illegal or criminal activities, the Company will refer the matter to the relevant authorities for handling.
Whistleblower Email: antifraud@montage-tech.com
Whistleblower Protection Mechanism
Postal Address: General Manager's Office, 16/
F, 181 Caobao Road, Montage
The Company is committed to maintaining the confidentiality of reports made in good faith and will take necessary measures to protect whistleblowers' rights. The Company expressly prohibits any form of
Circle, Xuhui District, Shanghai,
discrimination, or retaliation against whistleblowers. Any individual who unlawfully discloses a whistleblower's identity or engages in retaliatory acts will be subject to strict disciplinary action in accordance with
China
Company policies, which may include termination of employment depending on the severity of the violation.
The Company's whistleblower protection mechanism includes the following:
During the Reporting Period
Confidentiality and Rewards. The Company C
onfidentiality of Whistleblowers and N
on-interference and Non-obstruction of R
ecusal System. If a whistleblower believes
adheres to the principle of protecting Information. Any personnel involved Whistleblowing. No unit or individual shall that an investigator has a close familial
the legitimate rights and interests of in the investigation shall not disclose interfere with or obstruct the investigation relationship or other vested interests with
whistleblowers, maintaining confidentiality relevant information about the and handling of cases. Violations of the accused, which may affect the objective
reports related to business ethics
for whistleblowing acts, and rewarding whistleblower or the content of the this provision will result in disciplinary and fair handling of the case, they have
meritorious whistleblowers. report without authorization. If access to sanctions depending on the severity of the the right to request recusal from their
relevant materials is indeed necessary circumstances; those suspected of criminal supervisor or the General Manager's Office.
for work purposes, registration must offenses will be referred to the relevant Upon verification, the relevant personnel
corruption-related litigation cases
be carried out at the General Manager's authorities for handling. must recuse themselves.
Office and approval must be obtained
from the General Manager.
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Compliant Competition
In its commitment to fair competition and compliant business conduct, the Company strictly adheres to all applicable laws and regulations, including the Anti-Unfair Competition Law of the People's Republic of
China and internal regulations such as the Code of Business Conduct. The Company explicitly prohibits commercial bribery, improper benefit transfers, and all other forms of unfair competition. Key measures During the Reporting Period
implemented include:
the Company got
Legal and Regulatory Compliance Prohibition of Unfair Trading Arrangements Governance of Business Dealings
lawsuits or major administrative
penalties arising from unfair competition
practices
he Company is committed to operating with
T The Company adheres to established management T
he Company adheres to established management
integrity and in full compliance with all applicable protocols in all cooperative engagements and protocols in all cooperative engagements and
laws and regulations. It establishes clear standards communications. It strictly refrains from entering communications. It strictly refrains from entering any
of conduct for employees in business dealings into any anti-competitive arrangements and avoids anti-competitive arrangements and avoids imposing
and rigorously regulates all trading activities and imposing improper restrictions or unreasonable improper restrictions or unreasonable terms that
competitive practices. terms that could distort fair market conditions. could distort fair market conditions.
Antitrust and Fair Competition Requirements Compliance in Marketing Communications Training and Awareness Programs
he Company complies with all applicable antitrust
T The Company bases all marketing and advertising T
he Company provides training and awareness
and anti-corruption (or: anti-fraud) laws and on factual information. It strictly prohibits false or programs on compliance and fair competition to
regulations. It strictly prohibits participation in, or misleading advertising and refrains from any practice enhance employees' understanding and ensure
assistance with, any form of monopolistic conduct or aimed at gaining an unfair competitive advantage. their adherence to all relevant company policies and
anti- competitive practices. requirements.
In terms of tax management, The Company has established a tax risk management framework. The Company strictly complies with all applicable laws and regulations in its jurisdictions of operation, fulfills its tax filing
and payment obligations in accordance with the law, and regularly conducts internal reviews to assess tax compliance. These measures serve to systematize and strengthen the Company's tax governance. During the
Reporting Period, the Company did not incur any penalties related to tax compliance issues.
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Investor Relations
The Company attaches great importance to communication and engagement with investors, and
continuously improves its investor relations management mechanisms to ensure the timeliness, Dividends and Share Repurchases
Earnings briefings organized Investor receptions
transparency, and effectiveness of information disclosure.
During the Reporting Period, the Company further formulated the Shareholders Communication We consistently uphold a development philosophy of being "investor-oriented" and
Policy to standardize and strengthen communication between the Company and its shareholders. are committed to establishing a long-term return mechanism. During the Reporting
Period, we implemented the 2024 annual and 2025 interim profit distribution plans.
The Company regularly holds earnings briefings to present its operating performance, development For 2025, we proposed a final dividend of RMB 3.9 (tax inclusive) for every 10 shares,
Responded to Foreign-funded receptions
strategy, and ESG-related progress to investors. with an expected total dividend of RMB 472 million4.
The Company has designated dedicated personnel responsible for investor relations. It has In addition, we launched two share repurchase plans, with a total repurchase
established multiple communication channels, including an investor relations section on its official amount of RMB 420 million.
SSE e-interactive questions
website, an investor hotline, and an investor email, enabling investors to communicate with the
Company in a timely and efficient manner.
Disclosure of More than
The Company also addresses investor concerns by receiving online and offline investor research visits,
participating in brokerage strategy meetings, and responding to inquiries on the SSE e-Interaction Cash Dividends
platform.
transcripts of investor relations activities participating organizations
To enhance the effectiveness of value communication, the Company has significantly improved the The proposed 2025 profit The 2025 interim profit distribution
readability and communication impact of its reports through the use of long-form visual content. distribution plan4 (completed)
includes expected cash dividends of has distributed cash dividends of
Honors
RMB million RMB million
Share Repurchase
The first repurchase plan (completed) The second repurchase plan
for employee share ownership plans and for the reduction of registered capital
equity incentives
上市公司2024?报业绩说明会
had a repurchase amount of has repurchased
澜起科技 (688008) 澜起科技（688008.SH）
RMB million RMB million in 2025
Total shareholder returns in 2025 Representing
(including repurchases) amounted to
Outstanding Practices in the 2024 Outstanding Practices in the 2024 Securities Times 15th Top 5 Most Institution-Favored Received an A-level (Outstanding) rating in the information
Annual Report Earnings Briefings by Investor Relation Management by Investor Relations Listed Companies on the STAR disclosure evaluation by the Shanghai Stock Exchange for RMB million %
CAPCO-Listed Companies CAPCO-Listed Companies Pegasus Awards Market three consecutive years
of net profit attributable to shareholders
The proposal is subject to approval at the Company's 2025 Annual General Meeting.
R&D Innovation Leader
The Company regards technological innovation as the driving force for its own
progress and development. To this end, the Company has established a well-
structured R&D governance framework and an efficient innovation system, with
a primary focus on the field of power chips, ensuring a high degree of synergy
between technology planning and the Company's strategy, maximizing the
effectiveness of its technology investments. In addition, the Company adheres to
a commitment to sustainable development and integrates the concept of clean
technology innovation into its core business development strategy and production
operations. It continuously increases R&D investment to explore clean technology
opportunities, thereby promoting product and service innovation and delivering
diverse solutions to customers.
Governance 25
Strategy 26
I mpact, Risk, and Opportunity Management 28
Metrics and Targets 29
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Governance
The Company has established a well-structured R&D governance structure with clear lines of responsibility. Through its integrated, three-stage innovation and R&D system—covering technology pipeline, research and development, and mass production—the Company efficiently
advances the development of new technologies and products.
R&D Governance Structure
Through its integrated "Technology Pipeline-R&D-Mass Production" innovation system—encompassing technology reserve and frontier exploration, in-depth R&D with key
breakthroughs, to product launch and commercialization—the Company has established a closed-loop process. This streamlines execution and accelerates the translation
Board of Directors
of R&D outcomes into market-ready products.
Serves as the highest decision-making body for Montage Technology's R&D strategy and is responsible
for formulating the Company's long-term R&D strategy, leading the direction of R&D is consistent with the
Company's overall strategic objectives.
R&D and Innovation System
CEO
Responsible for grasping market dynamics and technology trends, and coordinating the management of
innovative R&D resources.
The head of the R&D Department
Responsible for the overall rhythm and progress of the R&D work, guiding the work of the R&D
Department to ensure that each R&D project is completed according to the plan.
Project System Sample tape- Sample Reliability Quality Mass
establishment architecture, out and testing and assessment certification production
marked by the modules, packaging verification and risk-
The R&D project leader and the R&D project team
signing of the integration and based trial
Rresponsible for the concrete landing and execution of each R&D project work. NPA layout design production
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Strategy
As a hard-tech company, R&D and innovation are essential to the Company. Amid the rapidly evolving wave of AI technology, the Company actively identifies risks and opportunities related to R&D and innovation, analyzes their impacts, and takes proactive response measures.
Risk categories Time Range of Impact Impact Mitigation Measures
The development of new products usually involves extended timelines and requires significant investment. Inaccurate
assessment of market demand during the product planning phase may lead to misguided product positioning.
Given the high technical complexity of our products, an inadequate or erroneous assessment of the Company's The Company will strengthen its dynamic monitoring of emerging technologies and evolving market demands,
Medium- to Long- enhancing its ability to assess market needs.
Product R&D risk internal R&D capabilities may result in project failure or significantly extended development cycles.
Term The Company actively participates in—and at times leads—industry standards bodies, contributing to the
First-mover advantage plays a critical role in securing market share. During product iteration, if competitors complete
development of new product standards, thereby mitigating risks in subsequent product R&D.
the design and mass production of next-generation products before the Company, Montage may face the risk of
market share erosion, which could in turn affect future growth.
Delays or halts the R&D progress of the Company's new products, affecting their market launch and in turn the
Offer market-competitive compensation and benefits, and actively implement equity incentive programs.
Medium- to Long-
Talent loss risk Company's profitability. Provide employees with a strong career development platform.
Term Loss of personnel may lead to technology leakage, reducing the Company's market competitiveness.
Create a positive working environment and workplace culture.
Due to the turnover of key technical personnel, technology leakage, or inadequate patent protection measures,
The Company will strengthen the confidentiality of its core technologies through rigorous patent management and
Technical leakage the Company's core technologies may be disclosed, resulting in weakened competitiveness of its products and
Short Term technical control measures, promptly address potential leakage incidents, and safeguard the security of its core
risk technologies, a decline in market share or substitution by competitors, and ultimately an adverse impact on the
technologies.
Company's profitability.
Opportunity type Time Range of Impact Impact Mitigation Measures
Maintain a strategic focus on the high-speed interconnect sector.
Memory interconnect: Continue investing in product iteration and upgrades, lead technological innovation in new
With the explosive growth of global data, continuous increases in transmission rates, and increasingly complex
industry products, and strengthen the Company's industry-leading position.
Medium- to Long- computing architectures, the importance of high-speed interconnect chips has become more prominent, directly PCIe/CXL
Market opportunity interconnect: Increase R&D investment in SerDes and other underlying technologies, drive the iteration,
Term driving the rapid development of the memory interconnect, PCIe (peripheral component interconnect express) /CXL
upgrade, and market expansion of existing products, and actively expand into new products such as PCIe switches.
(compute express link) interconnect, Ethernet, and optical interconnect markets.
Ethernet
and optical interconnect: Advance product portfolio development through a combination of in-house R&D,
collaboration, and investment or M&A.
Resource Efficiency Medium- to Long- In the era of artificial intelligence (AI), considering both stability and cost, end customers such as data centers require
The Company's proprietary integrated circuit design platform incorporates key low-power design technologies,
Opportunity Term low-power products to improve overall system energy efficiency. enabling its products to maintain a certain competitive advantage in energy efficiency within the industry.
By actively participating in various industry standards organizations and taking part in, or even leading, the
Industry
Medium- to Long- formulation of standards for related new products, the Company can build a sound ecosystem with industry
Development Actively participate in the formulation of industry standards and promote the improvement of the industry ecosystem.
Term customers, stay informed of the latest technological developments, grasp industry trends, and shorten the time to
Opportunity
market for new products.
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Sustained R&D innovation is a key foundation for the Company to build and strengthen long-term trust with customers, business partners, and other stakeholders. The Company consistently regards R&D
innovation as an important driver of sustainable development, and systematically advances related strategic initiatives across three key dimensions: product innovation, green R&D, and talent innovation. Green R&D Strategy
The Company adheres to the "Green R&D Strategy" and is
committed to achieving an optimal balance between performance
Product Innovation Strategy and energy consumption throughout the chip design process.
At present, the Company has developed proprietary high-speed,
low-power technologies. In the iterative upgrading and innovative
development of high-speed interconnect products, it integrates
Montage Technology's Strategic Objectives the core concept of "low power consumption" into every stage
of chip design, developing more environmentally friendly and
energy-efficient products and technologies. This has become one
of the Company's core technological advantages, enabling it to
We aim to evolve into a leading global provider of interconnect solutions company, with a focus in interconnectivity chips. Through sustained R&D innovation, we will deliver diverse, composable high-speed
meet the pressing demand for low-energy-consumption systems
interconnect solutions, empowering cloud computing and AI infrastructure with efficient and stable data connectivity.
in typical application scenarios such as data centers and servers.
Meanwhile, as a fabless integrated circuit design company,
the Company pays close attention to green practices across its
supply chain production processes, and gives priority to wafer
foundries and packaging and testing vendors that use renewable
energy sources, thereby achieving a win-win outcome in both
Consolidate technological and market leadership in the environmental and economic benefits.
memory interconnect field Enhance comprehensive competitiveness and market influence
C
ontinue investing in the iteration and upgrading of trengthen R&D investment in core foundational
S
DDR memory interface products to optimize product
performance and quality
technologies such as SerDes
Innovative Talent Strategy
rive the iterative upgrades and market expansion of
D
L
ead technological innovation in emerging industry Memory PCIe/CXL PCIe/CXL Retimer and CXL MXC products
products such as MRCD/MDB and CKD The Company regards talent development as a key pillar
Interconnect Interconnect
eepen strategic collaborations with key ecosystem
D supporting the stable operation of its R&D system, and sees the
Three Technical partners, including Cloud Service Providers (CSPs), "Innovative Talent Strategy" as a cornerstone of its development.
server OEM/ODM manufacturers, CPU/GPU vendors, and By fostering a talent development culture centered on "career
Expand growth opportunities Directions of DRAM suppliers to attract talent", "culture to unite talent", and "mechanisms to
Product Actively explore new product lines such as PCIe Switch
motivate talent", the Company enhances the stability of its core
ully leverage the long-term accumulation of technologies
F teams. Upon the listing of the Company's H Shares, the Company
and resource reserves in the memory interconnect will be able to further deepen its international strategic footprint,
and PCIe/CXL interconnect fields, and actively explore continue to attract and bring together outstanding overseas R&D
Ethernet & Optical and management talent, and thereby enhance its global influence
niche segments aligned with the Company's strategic
positioning Interconnect and core competitiveness.
F
lexibly employ partnerships, investments, and in-house
R&D to methodically advance product deployment in
Ethernet and optical interconnect solutions
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Impact, Risk, and Opportunity Management
The Company has established a relatively systematic mechanism for identifying and assessing risks and opportunities in product R&D, incorporating factors such as changes in market demand, technological
feasibility, alignment of R&D resources, product iteration pace, and industry competitive dynamics into the evaluation and dynamic tracking process of R&D management. Taking into account industry technological
evolution, changes in customer demand, and the competitive landscape, the Company continuously identifies and analyzes potential risks that may arise during new product development. By strengthening
market assessment, tracking frontier technologies, and participating in the formulation of industry standards, the Company enhances the forward-looking nature and suitability of its product R&D direction, so as
to mitigate R&D risks while capturing development opportunities arising from new technologies and new products.
R&D Innovation Risk and Opportunity Management Process
Risk and
Opportunity With respect to matters related to product R&D, the Company continuously monitors industry technological evolution, changes in market demand, product iteration
Identification trends, the competitive landscape, and developments in standards, in order to identify potential risks and opportunities in the R&D process.
Risk and
On the basis of such identification, the Company analyzes and assesses the relevant risks and opportunities by comprehensively considering factors such as product
Opportunity
planning, R&D cycle, capital investment, technological development capabilities, and market windows.
Assessment
Risk and
In response to key matters identified and assessed, the Company adopts measures in areas such as optimizing R&D direction, strengthening market assessment,
Opportunity
enhancing technological capabilities, and promoting industry collaboration, in order to reduce R&D risks and capture market opportunities.
Response
Risk and
In light of R&D progress and changes in the external environment, the Company continuously monitors and dynamically updates the risks and opportunities related to
Opportunity
product R&D, so as to facilitate timely adjustment of relevant judgments and response measures.
Monitoring
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Metrics and Targets R&D Investment R&D Team
We consistently adhere to innovation-driven development, R&D Expenses R&D expense ratio R&D technicians Proportion of R&D technicians to the total
number of employees
co n t i n u e to i n c r ea s e o u r i n v e st m e n t i n r e s ea r c h a n d
development, and build an R&D team with a global vision
and outstanding professional expertise, so as to enhance the RMB million %
%
Company's core competitiveness.
Since the Company's A-share listing in 2019, Compound annual growth rate Proportion of those with a Master's degree or above to the total
R&D expenses have
number of R&D technicians
increased for consecutive years % %
To continuously enhance R&D governance, foster innovation and 2025 Progress Updates
Innovation Targets
increase transparency, Montage Technology has established a KPI
framework with clear objectives. The Company conducts regular
tracking and public disclosure of these performance indicators. In 2025, the Company's R&D expenses amounted to RMB 915 million, representing a year-on-year increase of 20%, and accounting for 16.8% of operating revenue.
Continue to invest in R&D
As at the end of 2025, the Company had 583 R&D technical personnel, representing an increase of 47 as compared with 2024, and accounting for 74.4% of the
Recruit R&D technical personnel
total workforce.
of DDR5 Gen 4 RCD chips and completed the development of the mass production version of PCIe 6.x/CXL 3.x Retimer chips, applying them in
production versions of DDR5 Gen 5 RCD chips, Gen 2 MRCD/MDB chips, PCIe 6.x/CXL 3.x AEC solutions. We also actively advanced the engineering
and a new generation of CKD chips. development of PCIe 7.0 Retimer chips and PCIe Switch chips.
Advance the R&D of key products
of the mass production version of CXL 2.0 MXC chips and development of the first batch of Clock the 6th Gen Jintide P-core CPU.
the engineering development of CXL 3.x MXC chips. Buffers and Spread-Spectrum Oscillators.
Expand into new technologies The Company has engaged in R&D of high-speed Ethernet PHY Retimer chips.
and new products
Energy-Efficient R&D design At the same data rate, the power consumption of DDR5 Gen 5 products decreased by 35%–40% as compared with Gen 1 products.
Intellectual Property Pioneer
The Company always regards intellectual property protection as a crucial pillar
for its enterprise development. The Company takes the intellectual property
system formed through independent R&D as the core, focuses on strengthening
the systematic protection and industrial application of intellectual property, and
comprehensively safeguards the Company's technological competitive advantages
by continuously optimizing patent portfolio management.
Governance 31
Strategy 31
I mpact, Risk, and Opportunity Management 33
Metrics and Targets 33
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Governance Strategy
The Company has established a clearly defined and efficiently operating intellectual property (IP) governance structure. The General The Company takes "proprietary IP" as its core and has established an end-to-end operational framework covering creation, utilization,
Manager is responsible for setting the strategic direction and making key decisions on IP matters. The IP Management Department handles protection, and management. The Company with the support of a high-value patent portfolio, carries out forward-looking patent planning
daily management and strategy execution. In addition, the Company has set up a dedicated IP Committee, comprising R&D leaders and to develop an industry-influential patent portfolio that effectively breaks through technological barriers. By aligning IP strategy with
technical experts from various fields. The primary functions of the Committee include reviewing patent application proposals, guiding standardization efforts, the Company embeds its proprietary IP into the industrial ecosystem, enhancing product competitiveness.
patent portfolio planning, and assisting in the formulation and implementation of annual filing plans.
Within the IP Management Department, the IP Director oversees and coordinates all IP-related affairs, while the Patent Manager is
responsible for IP applications and maintenance.
Risk category Time Horizon Impact
Intellectual Property Management Structure
An unfavorable litigation outcome could lead to patent invalidation or
Patent litigation risk Medium to long term
damages
Risk of intellectual
The risk of key technology leakage may increase, threatening the
property leakage due to Medium to long term
General product's differentiation advantages
key talent loss
Manager
Type of opportunity Time Horizon Impact
Intellectual Property Management
知识产权管理部门 Intellectual Property Committee
知识产权管理部门
Department In the IC design field, proprietary intellectual property will build a
Industry development
Medium to long term technological 'moat' for the Company, thereby securing a leading
opportunities
position in intense market competition
Director of Intellectual Property
Patent Manager
Montage Technology has established a systematic intellectual property management system, developing and implementing a comprehensive
set of internal policies, including the IP Protection Management Policy, the Patent Application Process , the Paper Publication Application
Process , the Trade Secret Management Measures , the Intellectual Property Incentive Program , the Intellectual Property Training Measures ,
and the Annual Patent Filing Plan and Performance Evaluation Policy. The Company ensures continuous improvement of the system through
regular reviews and dynamic updates, laying a solid institutional foundation for efficient protection and standardized management of
intellectual property rights.
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Patent Management Incentive Measures
The Company actively aligns with the national intellectual property strategy and systematically carries out full lifecycle management of In 2025, the Company further strengthened its intellectual property incentive mechanism, placing patent inventors at the core of its incentive
patent assets. In response to the unreasonable delays not attributable to the applicant in the granting of core patents, the Company strictly framework. In strict accordance with the IP Incentive Program , the Company provides dedicated rewards to inventors involved in patent
follows the Patent Law of the People's Republic of China and relevant implementing regulations, filing patent term adjustment requests applications, and delivers corresponding patent remuneration and contribution awards based on patent grant status and the subsequent
with the National Intellectual Property Administration in accordance with the law. This extends the duration of patent protection, maintains effectiveness of implementation.
technological innovation achievements, strengthens technological barriers, and enhances the long-term value of intellectual property and
market competitiveness.
End-to-end monitoring and Division of responsibilities Regular review and dynamic Montage Technology IP Incentive Process
closed-loop management and node control optimization
Covering the entire patent life cycle Clearly define the responsible parties Regularly update monitoring data,
— from application and examination for each stage, set key time nodes, conduct in-progress reviews and Interdepartmental collaboration
to grant and maintenance — the and configure automatic reminder trend analysis, proactively identify
Company designs standardized mechanisms to ensure that tasks potential risks and respond in a timely The Intellectual Property Department and the Human Resources Department establish a joint
monitoring checklists to systematically progress as planned and avoid manner, and enhance the foresight and coordination mechanism, with clearly defined responsibilities and review checkpoints to ensure
record key information including omissions and delays. dynamic adaptability of management. effective implementation of the program.
drafting progress, examination status,
grant outcomes, and payment nodes,
enabling status visualization and Application submission
closed-loop management.
After the formal submission of a patent application, the preliminary reward procedure for inventors shall
be initiated in accordance with the Intellectual Property Incentive program .
Reward redemption
Following patent grant, patent remuneration and contribution awards are calculated and disbursed
based on the extent of technology implementation and value assessment.
Through the continuous improvement and effective implementation of the intellectual property incentive mechanism, the Company has
significantly mobilized the innovative initiative of all employees, not only promoting the improvement in both the quantity and quality of patent
applications, but also providing continuous impetus for iterative innovation of technology and products, further consolidating the Company's core
technological advantages and market competitiveness, and laying a solid foundation for sustainable development.
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Impact, Risk, and Opportunity Management Metrics and Targets
The Company has systematically integrated IP risk management into its daily operations, implementing targeted measures to address The Company attaches great importance to the quality and strategic layout of its IP assets, closely aligned with its business strategy
the risks of IP infringement and leakage, and conducting dedicated training sessions on a regular basis to effectively mitigate IP risks and and industry technology development roadmap. It has established an annual patent application target management system covering
facilitate the commercialization of innovation outcomes. multiple departments such as research and development (RD), market application and technical support (MA/AE), and operations (OP),
complemented by a phased assessment mechanism. Through regular reviews and dynamic adjustments, the Company continues to
promote the dual improvement of patent quantity and quality, continuously consolidating intellectual property reserves, and providing
solid support for the implementation of its long-term development strategy and industrial positioning.
Measures to prevent IP infringement risk Measures to prevent IP leakage risk
Intellectual Property Achievements
he Company officially launched its intellectual property
T The Company enters into confidentiality, non-
management system during the Reporting Period, allowing compete, and invention ownership assignment
New in 2025 Cumulative Total
employees to access and retrieve IP-related certificates and agreements with employees Category
documents Number of applications filed Number of patents granted Number of applications Number of patents granted
he Company regularly conducts intellectual property
T
he Company collaborates with third-party patent search
T related training Invention patent 40 36 145 224
platforms to provide employees with global patent database Utility model patents 0 0 0 1
search services
Software copyrights 1 1 13 13
IP Layout design right 19 24 104 103
Total 60 61 262 341
Note 1: For details on each category of intellectual property, please refer to the Company's 2025 Annual Report.
Patent search training Note 2: T
he data listed in the table above represents intellectual property exclusively owned by the Company. In addition, the Company has co-filed 10 patent
applications in China with multiple partners, of which 6 have been granted.
Intellectual Property Awards
In 2025, to enhance the Company's capability in leveraging patent information,
the Company organized a dedicated patent search training session at the
headquarters. Senior instructors from a professional patent retrieval database
providers were invited to systematically explain and demonstrate various practical
retrieval methods , including basic search, advanced search, and batch search, In 2025, The Company's practices and achievements in the field of technological innovation gained high recognition from authoritative
with a focus on their specific applications in technology research, patent portfolio institutions and was honored with "China's Top 50 Tech Companies" by Fortune Magazine , "Forbes China Top 50 Most Innovative Enterprises"
planning, and infringement risk screening using practical examples. Through the by Forbes, "2025 Shanghai Intellectual Property Top 50" jointly issued by the Shanghai Industrial Technology Innovation Promotion
training, employees improved their hands-on proficiency with patent databases, Association and the Shanghai Association for Science and Technology (SAST), and the Annual Excellent AI Chip Award (MXC).
thereby providing the company with effective tools and decision-making support
for the refined intellectual property management. During the Reporting Period, the Company was recognized as a "Single Champion Enterprise" in Manufacturing Sector, and its subsidiary,
Montage Electronic Technology (Kunshan) Co., Ltd., was recognized as a National-level Specialized, Refined, Unique, and New (SRUN) "Little
Patent search training Giant" Enterprise.
During the Reporting Period, the Company did not experience any IP-related violations or regulatory infractions, nor did any related litigation
arise.
High-quality Product Provider
The Company has established its quality management system as the foundation, has
built a full lifecycle quality control mechanism covering product design, production,
verification, and delivery, and ensures the effective implementation of quality
requirements through measures such as supplier management, quality audits, and
employee training. At the same time, the Company has improved its product non-
conformance handling and customer service processes, strengthened privacy and
information security management, and ensured the security of information assets
for customers and partners.
Product Quality 35
Privacy and Data Security 37
Customer Service 40
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Product Quality
Montage Technology adopts the Fabless (fabrication-less) business Regarding supplier management, the Company has established
Product Lifecycle Quality Management System
model, focusing on chip design and R&D, while chip manufacturing and improved relevant systems for supplier management,
and packaging testing are done by external manufacturing regulating supplier qualification, evaluation, and cooperation
suppliers. The Company has formulated a series of quality requirements. The Company requires suppliers to have ISO 9001
management systems, which specifies the quality assessment quality management system certification and recommends
process and standards for the production process/product that they establish a management system that complies with
The Company strictly complies with the laws and regulations related to product quality in various operating locations both domestically and
packaging, etc. The Company has established a perfect quality information security management system and ESG related
internationally, and has established internal quality management systems, including the Quality Manual , the New Product Development
management process for the whole life cycle of the chip products, requirements to meet the quality management and compliance
Process , and the Reliability Certification Requirements in accordance with the requirements of the ISO 9001 quality management system, which
which includes the design, production, validation, delivery and requirements during business cooperation, through a stringent
comprehensively defines the quality control requirements for integrated circuit design, development, outsourcing, manufacturing, and sales.
other phases, the implementation of the whole process of quality supplier management system, the Company selects widely
During the Reporting Period, the Company updated and refined its quality management procedures around key links such as supplier management, control, through the collection of the key processes on a regular recognized and well-established wafer foundries and packaging
new product development review, product/process changes, testing operations, and document and record control, and added product testing basis to collect the ability index, the establishment of product and testing service providers to ensure high product quality and
operation instructions to further enhance the effectiveness and traceability of the quality management system. testing process, failure analysis and other measures. stability.
The Company has obtained ISO 9001 Quality Management System The Company places great importance on the development of
certification. a quality culture and actively conducts various quality training
programs targeting key quality-related positions. During the
Reporting Period, the Company organized a total of five quality-
related training sessions for employees in key departments such
Quality R&D Quality Reliability Plastic
as R&D, operations, and quality. The training content covered
Manual Management Qualification Packaging areas such as R&D project management, quality management
Requirements Requirements Identification 管理体系认证证书 systems, and digital management tools, as well as related quality
Procedure 证书号码: 首次签发日期: 有效期限:
assurance policies and practices. These initiatives included both
the incorporation of quality management requirements into
onboarding training for new employees and the continuous
兹证明
澜起科技股份有限公司
delivery of quality-related training through an online learning
Quality Quality Management of Wafer management platform. This has effectively enhanced employees'
中国上海市徐汇区漕宝路 181 号 1 幢 8-16 层，邮编：200233
统一社会信用代码：913100007626333657
requirements for requirements subcontractor subcontractor quality awareness and strengthened the understanding and
此证书多场所信息见附页
electrical testing for assembly selection quality implementation of quality management among relevant
质量管理体系符合：
GB/T 19001-2016/ISO 9001:2015标
personnel.
标准
subcontractors subcontractors requirements 此证书对下列范围有效:
集成电路的设计、开发、外包制造管理与测试
Montage Technology Quality Management System
During the Reporting Period
证书制作地点及日期: 证书认可签发机构:
上海，2024年06月 27日 DNV - Business Assurance
中国 上海市长宁 区虹桥路1591号9号楼A座
邮编 : 200336 电话 : +86 21 32799000
Quality-related trainings
朱海明
管理代表
未履行认证协议中规定条款会导致此证书失效，获证组织必须定期接受监督审核并经审核合格此证书方继续有效。
获得认可的单位: DNV Business Assurance B.V., Zwolseweg 1, 2994 LB, Barendrecht, Netherlands - TEL: +31(0)102922689. www.dnv.com/assurance
本证书信息可在国家认证认可监督管理委员会官方网站（WWW.CNCA.GOV.CN）上查询
To further enhance the effectiveness of quality management and operational efficiency, the Company has set overall quality management
goals and segmented goals for different product lines. The relevant goals have been achieved during the Reporting Period. ISO 9001 Quality Management System Certification
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Product Recall Process
The Company has developed an RMA procedure (Return Material Authorization), which specifies the initiation conditions, During the Reporting Period
flow steps, responsible departments, and approval nodes for return applications. Through verification and authorization
mechanisms, to ensure that related matters are processed according to the process, ensuring that the process is traceable,
recordable, and closed-loop. In response to the problems identified during the disposal process, relevant departments
will conduct cause analysis and follow up on the implementation of corrective measures. At the same time, a record filing The Company had
and continuous tracking mechanism will be established, and the relevant results will be incorporated into the quality
management system to further improve the subsequent prevention and improvement arrangements.
product recalls due to safety or health issues
During the Reporting Period, the Company did not experience any material quality incidents or incur any administrative
penalties.
Product Return and Recall Disposition (RMA) Process
etermine the nature of the problem (preliminary
D
confirmation)
Receive return/recall requests Arrange verification and review
( Quality issues/non quality or engineering issues/
Montage Technology related responsibilities)
Close the case (record Disposal (such as return/
RMA Approval Initiate RMA application
archiving and traceability) exchange/repair/replacement/
concession acceptance, etc.)
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Privacy and Data Security
The Company strictly complies with the laws and regulations related to privacy protection and information security in various operating locations, such as the Cybersecurity Law of the People's Republic of Information Security Incident Handling Process
China . It has developed privacy and information security management systems such as the Network Partition Management, the High Security Level Data Access Strategy , and the Document Access Control
Strategy , clarifying relevant management requirements and control measures.
Event discovery/alert triggering
The Company has established an Information Security Committee and clarified the management responsibilities and working
mechanisms of each level of the committee, to oversee and coordinate internal and customer information security related
matters. In 2025, the Company successfully passed the ISO 27001 information security management system surveillance audit and
Event Reporting and Registration
maintained effective certification. The overall operation of the information security management system meets the requirements
of relevant standards, providing support for the standardization and systematization of information security management work. During the reporting period, the Company did (Record time, scope, impact, preliminary phenomena)
not experience any major information security
breaches. However, one general network attack
incident occurred. The Company carried out graded Event grading evaluation
Montage Technology Information Security ISO 27001 Information assessment and emergency response according to (General/Major Events)
Management System Security Management System the information security incident disposal process,
Certification
and took timely measures to address it, which did
not cause a material impact on the operation of the
Company's information system and data security. Emergency response to major events General event handling
Top management After the completion of event disposal, relevant
(Activate emergency plan and upgrade (processed according to the
process records have been archived and used the
response) process)
lessons learned to optimize protective measures and
Management management requirements.
representative
Rapid disposal and risk control
Information security working group (Isolation, blocking, repair, reinforcement)
During the reporting period
The company had 0 Cause analysis and impact assessment
Consultants Members IT Manager major information security incidents
and auditors of the core Recovery and verification
working group (Confirm risk elimination and business recovery)
Event closure and archiving
(Form disposal records/reports)
Information security officers in
various departments Review and improvement
(Optimize technical measures and management requirements)
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The Company has implemented multiple information security management measures and improved its information security technology and management system based on business development needs to standardize the operation of information systems, strengthen data protection and risk
prevention. During the Reporting Period, the Company promoted the construction of information security capabilities in key areas such as information system security, data protection, business continuity, and trade secret protection, improved network and email system security protection
mechanisms, strengthened permission management and security evaluation, and improved data backup and storage management measures, further enhancing the systematic level of information security management.
Information Security Management Measures
Information system security
Build and improve the information system security architecture to ensure stable system operation and data security, and prevent data loss and damage.
Regular audit evaluation
External network access adopts multiple security protection mechanisms (such as encryption, identity authentication, and access control), strictly restricting unauthorized access.
Regularly organize internal audits of information security, focusing on checking Based on business development needs, optimize the reliability of the overseas office network architecture, enhance the redundancy and stability of key network equipment, and
and evaluating account and permission management, key system operation log reduce the risk of single point of failure.
records and retention, and developing corrective measures for identified problems Upgrade and optimize the email system, strengthen email security protection capabilities, and enhance the recognition and interception level of risks such as spam, phishing emails,
and tracking their implementation to form a closed-loop management system. and malicious attachments.
Cooperate with third-party institutions to conduct information security The firewall configuration has functions such as intrusion prevention, malicious code filtering, and security policy updates, and automatic update mechanisms are set up to maintain
the timeliness of protection policies.
management system audits, accept relevant audits conducted by BSI in
accordance with the requirements of the ISO/IEC 27000 series standards during
the reporting period, and provide system documents, process descriptions,
and operational records in accordance with audit requirements. Based on audit
recommendations, promote improvement and optimization. Data access and leakage prevention
For sensitive data, access control is implemented through secure access terminals or virtual terminals to ensure that the data access process is secure and controllable.
Classify the security level of information system assets, clarify the permission application and approval process, follow the principle of minimum permission, and strictly control the
allocation of permissions.
Trade secret protection
Set access restrictions on systems that store sensitive information, allowing only specific terminals to access, and implement control over internal data transmission.
Sign a Non-disclosure Agreement (NDA) with customers to manage sensitivity Establish a vulnerability scanning and security evaluation mechanism, conduct continuous risk identification, patch inspection, and security status evaluation of information systems,
timely identify potential hazards, and promote rectification.
in the communication and archiving of customer information, and prevent
information leakage.
Restrict the access scope of core technical data and commercially sensitive
information through technical means such as permission control and log auditing,
Data backup and storage
and reduce the risk of information diffusion.
In terms of management mechanism, measures such as confidentiality system Optimize network links and operational guarantee mechanisms, enhance enterprise network availability and stability, and ensure the continuity of data transmission.
and employee entry and exit management process are taken to strengthen the
Adopting a data storage and backup system for centralized storage and distributed backup of data to ensure data security and reliability.
protection of trade secrets, and to strengthen employee information security and
confidentiality awareness. Implement regular backup strategies for important data and terminal data in core business systems, enhance data recoverability in emergency situations through multi version backup
mechanisms, and support business continuity requirements.
Based on the actual business situation, promote management measures such
Implement centralized management of important data and ensure the integrity and security of data storage processes through access control and security policies.
as dedicated personnel coordination, and standardize the process of external
Regularly conduct data backup and recovery drills to verify backup availability and recovery effectiveness.
communication and delivery of sensitive information.
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AI Application and Data Security Management During the Reporting Period, the Company focused on privacy protection and information security management requirements, combined with
business impact analysis (BIA) results, and developed and implemented an information security exercise plan for key systems and network
facilities with higher priority. The effectiveness of the highly reliable architecture and recovery mechanism was verified by simulating scenarios
In 2025, Montage Technology gradually promoted the application of AI technology in research and development, human resource such as device failures and link interruptions. The drill covers key network nodes such as internal and external network firewalls, dual line
management, technical support and training, and daily office scenarios to improve research and development efficiency and the level redundancy, and core switches, and includes core business systems (such as ERP) in the drill arrangement. Drills are usually conducted during
periods with relatively controllable business impacts, and a fallback plan is set, while process records and evaluation conclusions are formed.
of internal management intelligence, and promote the standardized use of relevant tools within the Company. At the same time, the
The relevant results were archived and retained after internal review and approval process confirmation for subsequent improvement and
Company attaches great importance to data security and privacy protection in the AI application process, and implements management
optimization.
measures around model deployment, permission control, and data compliance, mainly including:
Localization deployment and data isolation: The core AI model adopts a localization deployment method, running in isolation from During the Reporting Period
external networks, and business data is not transmitted externally to reduce the risk of sensitive information leakage.
Information security drills
Permission and Access Control: Through permission management mechanisms, role-based access control (RBAC) is implemented
over model and data access, limiting the access scope of different positions and reducing the risk of unauthorized use and data abuse.
Personal information and data compliance management: Data processing involving employees, job applicants, and other personal
information strictly follows relevant laws and regulations as well as internal management systems of the Company. AI risk management
training and promotion are carried out to raise compliance awareness and ensure adherence to usage protocols.
To strengthen employee privacy protection and data security awareness, the Company promotes the implementation of information security
management requirements through a combination of training and awareness initiatives. During the Reporting Period, the Company conducted
information security related training for employees, covering topics such as software compliance use, data confidentiality, AI concepts, and
risk awareness. At the same time, the Company provides information security training to all new employees, with a coverage rate of 100%
for new employees. In addition to training, the Company conducts multi-level promotional activities based on the actual work scenarios of
employees. For example, the Company conducts a special promotion on software compliance use for employees who enter the laboratory
to clarify software installation, authorization, and usage management requirements. Through typical case analysis, the Company explains
the legal and compliance risks that may arise from non compliant use of software, and enhances employees' awareness of identifying and
preventing information security and compliance risks.
Internal AI Q&A platform
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Customer Service
The Company is committed to providing professional and efficient services to its customers, thereby building long-term and stable cooperative relationships. The Company has established a sales management system covering all stages of the sales process. Through full-process services
across pre-sales, in-sales, and after-sales stages, the Company meets diverse customer needs and enhances customer satisfaction.
Responsible Marketing Customer Satisfaction Survey
The Company strictly complies with the laws and regulations related to marketing The Company conducts customer satisfaction surveys semi-annually. The
activities in various operating locations both domestically and internationally, survey dimensions cover overall impression, product quality, technical
formulates policies for managing marketing collateral, and explicitly prohibits support, service level, cost control, and delivery capability, with a focus on
the use of non-public information for promotion or participation in customer key customer groups of the Company's major products.The Company has
Pre-sales stage In-sales stage After-sales stage bidding and other activities. The Company implements unified management of set a customer satisfaction management target of maintaining an overall
external communication materials and promotional materials (such as customer satisfaction score above 90 (out of a full score of 100). During the Reporting
communication materials, promotional manuals, etc.), and sets up an internal Period, the Company conducted two customer satisfaction surveys,
The Company engages in in- The Company closely aligns In response to issues that audit mechanism. The relevant content needs to be reviewed by the internal with average satisfaction scores exceeding 90, successfully achieving the
depth communication with with client needs and maintains arise during the cooperation team, department heads, and management to comply with legal compliance and established target.
clients to comprehensively and close two-way communication process, the Company promptly customer confidentiality requirements. In the process of marketing information
meticulously understand their through various meeting formats, conducts retrospective analysis release, the Company uses product technical documents as the basis to ensure The Company has established a customer complaint handling process,
specific needs and clarify the including Quarterly Business and technical dissection, consistency between external promotional content and product indicators, and implementing standardized management and closed-loop resolution
details of cooperation. Based on Review (QBR) meetings, special timely summarizes lessons provides necessary reminders and risk explanations to customers when involving of complaint matters. This process covers key links such as complaint
these communication results, meetings, regular meetings, and learned, and traces the root usage scenarios beyond the scope of application. reception and classification, preliminary evaluation and responsibility
combined with the Company's weekly meetings. The Company causes of problems to provide attribution, technical investigation and root cause analysis, closed-loop
successful past collaborations promptly stays informed of feedback to clients, thereby In order to further enhance employees' awareness of compliance marketing, feedback and continuous improvement, and document management. It
with clients, the Company changes in client needs, actively enhancing cooperation the Company regularly conducts compliance marketing training for relevant clarifies the work requirements and information transmission mechanisms
formulates targeted risk collects feedback on cooperation, satisfaction. Additionally, the departments such as the marketing and sales departments, shares the latest at each stage, ensuring timely response, effective handling, and recording
prevention and control measures and makes internal adjustments Company conducts internal compliance terms and cases, and ensures that employees are familiar with the and archiving of complaint issues.
to effectively prevent potential and optimizations accordingly to communication and training Company's compliance regulations and relevant laws and regulations.
issues during the cooperation ensure that services always meet using anonymized case
process and facilitate the smooth client requirements. experiences to continuously Draft promotional materials
progress of collaboration. optimize Montage Technology's
customer service capabilities.
Review and modification by relevant internal departments During the reporting period
Approved by Director of Marketing Communications Customer satisfaction
Based on industry characteristics, the Company places emphasis on collaborative engagement with customers throughout
the service process. During product development and testing stages, the Company maintains frequent and in-depth Approval by company executives >90
communication with customers to ensure that final products better align with their actual needs.
External Publishing
Marketing violation
Continuous external monitoring
Montage Technology Promotion Material Review Management Process
People-Oriented Employer
The Company adheres to the employment philosophy of compliant employment
and diversified integration, safeguarding the legitimate rights and interests of
employees, and providing clear development paths and growth support for
employees through talent development strategies, promotion mechanisms, and
performance management systems. At the same time, the Company focuses
on employee communication and care, improves welfare and health & safety
management measures, creates a stable and orderly work environment, and
promotes the common development of the organization and employees.
Compliant Employment and Inclusion 42
Talent Cultivation and Development 43
Employee Rights and Care 45
Employee Health and Safety 47
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Compliant Employment and Inclusion
At the end of the Reporting Period
The Company strictly complies with labor laws and regulations such as the Labor Law of the People's Republic of China , the Labor In terms of talent recruitment, The Company combines its
Contract Law of the People's Republic of China , and the Regulations on the Prohibition of Child Labor , as well as relevant policies and development strategy, business growth needs, and project
The total number of employees
requirements of the business operation location. It has formulated employee management systems such as the Employee Handbook and operation to carry out recruitment planning, and attracts talents
the Recruitment System, and has made clear regulations on recruitment, employment contract signing, and employee rights protection, with relevant professional abilities and experience to join through
ensuring the legitimate rights and interests of employees in the recruitment and employment process. channels such as campus recruitment and social recruitment.
In terms of campus recruitment, the Company explores a pre-
Based on a standardized human resource management mechanism, Montage Technology adheres to compliant employment, strictly prohibits emptive and precise graduate recruitment model, strengthens All of those were full-time employees
the employment of child labor, opposes any form of discrimination, harassment, and unequal competition, and all employees sign labor front-end interaction with university talents through participation
contracts with the company based on voluntary principles in accordance with the law. During the Reporting Period, the Company did not in course exchanges and project guidance, improves the matching
experience any human rights violations such as child labor, discrimination, harassment, or forced labor. At the same time, the Company between graduates and job requirements, and enhances the
focuses on the construction of organizational diversification, promotes the formation of an inclusive and equal employment environment, and accuracy and efficiency of campus talent introduction.
reflects the concept of diversification in the configuration of governance structure. The proportion of female directors in the Board of Directors
is 37.5%, and the proportion of female executives in senior management is 50%.
By Gender By Age By Region 89.5% By Position Type By Education Level
Male Employees Under 30 31-50 Above 50 Mainland China (including Hong Marketing and Sales Personnel Doctoral Degree
Female Employees Kong, Macao and Taiwan) Management and Support Personnel Master's Degree
Overseas R&D Technical Personnel Bachelor's Degree and Below
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Talent Cultivation and Development
Talent is an important support for enterprises to achieve high-quality development and build core competitiveness. Montage Technology The Company has established a promotion and development channel management mechanism to support employees in obtaining
focuses on the long-term growth and ability improvement of employees, relying on business development needs and key job capability development opportunities that match their job abilities at different stages through clear promotion paths and evaluation processes. Based
supply, establishing a relatively complete promotion and development mechanism, and supporting a multi-level training course system, on job requirements and employee performance, the Company has established a multi-channel career development direction and configured
covering key areas such as general abilities and management abilities, to support employees in achieving collaborative development in a ladder like growth path in the basic job hierarchy, which facilitates employees to obtain corresponding job recognition and development
professional skills and comprehensive qualities. space after phased ability improvement. After employees reach a certain level of growth, the Company further constructs a promotion channel
that combines professional and management sequences, and supports reasonable connections and choices between different sequences,
enabling employees to match suitable career paths based on personal abilities and development plans. At the same time, it provides a growth
Employee Development
platform and development channel for technical talents with management potential.
The Company's performance management system mainly includes four stages: performance planning, performance feedback and coaching,
performance evaluation, and performance incentives. Through standardized assessment and communication mechanisms, work goals
The Company has formed a talent development strategy that combines the training of fresh graduates, the improvement of managerial and responsibilities are clearly defined, promoting employee ability improvement and team collaboration, strengthening the application
abilities, and internal talent mobility, focusing on business development needs and talent ladder construction, providing support for of performance results and incentive orientation, and facilitating the alignment and joint attainment of employee development and
the supply of key job capabilities and organizational growth. In terms of cultivating fresh graduates, the Company has established a organizational objectives.
mechanism for cultivating fresh graduates, guiding them to systematically learn the company's products, culture, and general skills
through a combination of face-to-face training, mentor guidance, and project practice. In terms of manager training, the Company
conducts collaborative training projects to develop the capabilities of R&D managers. Through research interviews, case extraction, face-
to-face discussions, role-playing, and tool drills, the Company strengthens the role recognition and teaching ability of managers. After S M A R T
the training, follow-up is carried out to promote the organization and accumulation of management experience and practical cases.
At the same time, the Company has established an internal job transfer mechanism. On the basis of opening up business projects and Specific Measurable Attainable Relevant Time-bound
positions, the human resources department takes the lead in coordinating communication between the demand department and the
original department. Combining employee intentions and abilities, the system process is promoted, and experienced internal talents are
introduced for new projects to support the rational allocation and job adaptation of internal talents within the organization. Indicators must Determine how Indicator is Individual goals
Indicators
be specific, with performance ultimately must be aligned are subject
targets and will be achievable with with company, to finalor
expected results measured best efforts department, milestone
and team goals deadlines for
completion
Montage Technology
Fresh Student Training
Follow the SMART principle to set employee performance goals
In terms of employee performance evaluation, the Company organizes a performance evaluation that covers all employees every
six months, and pays attention to the achievement of goals while also emphasizing the execution performance and manifestation of
behavioral capacity during the goal promotion process. In the process of performance management, the Company emphasizes maintaining
Montage Technology Manager a two-way communication mechanism, and assessors need to record employee performance and provide timely feedback and guidance
Leadership Project when problems are found; Employees are also encouraged to actively participate in performance communication and promptly obtain
improvement suggestions and development directions. If there are differences in performance goals and achievement status, or related
behavioral ability evaluation, or if employees have objections to the evaluation results, they can file a written appeal according to
regulations.
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Employee Training Introduction to Selected Featured Training Programs
New employee onboarding training is conducted to help new employees
New
Montage Technology establishes multi-dimensional training programs for employees at different levels, positions, and development stages, Lan "New" Plan quickly integrate into the Company through activities such as corporate
employee
covering management skills, professional abilities, and professional competencies. Through hierarchical and classified training arrangements, culture orientation and co-creation initiatives.
it supports the improvement of employee abilities and job development, promoting the realization of employee potential and value. During
the Reporting Period, a total of 13,080.5 training hours were delivered across various types of training, with an average of 16.68 training hours The Company has established a comprehensive graduate training
per employee. Detailed data are as follows. Vocational programme with a training cycle of six months, covering goal setting, issue
Fresh
training Lan "Star" Plan coaching, mid-term evaluation, and final assessment. Through one-on-one
students
competency assessments, graduates are supported in quickly adapting to
the workplace environment.
Indicator Unit 2025
Lan "Xin" Plan Middle Based on business project requirements, conduct practical
Employee Training managers management tool drills.
Percentage of Employees Trained % 100 The Company conducts the Training on Artificial Intelligence Concepts and
General Risk Awareness to promote the appropriate use of AI tools and enhance risk
Professional employees prevention awareness.
Male Employees % 100 Qinglan Plan
skills training
By Gender Marketing The Company develops customized internal product training programmes
Female Employees % 100 sales team to enhance sales and technical support capabilities.
Senior Management % 100
Online Learning Platform System
By Employee Category Middle Management % 100
The Company has built an online learning management system to
enhance employees' professional and general abilities, providing
General Employees % 100 learning resources such as product design and development
technology, project practical experience, and industry technology
Average Training Hours Hours 16.68 research. At the same time, it supports the organization, archiving, and
knowledge sharing of internal project and management cases. The
platform course content covers multiple categories such as product
Male Employees Hours 16.52 knowledge, project management, intellectual property, sales skills,
Average Training Hours by and general soft skills, taking into account the learning needs and
Gender ability improvement directions of employees in different positions. The
Female Employees Hours 17.06
system integrates functions such as exam evaluation, data statistics,
employee questioning, and interactive comments, which facilitates
Senior Management Hours 7.80 learning process recording and effect tracking, and strengthens the Montage Technology Online Learning Platform System
standardization and systematicity of learning management.
Average Training Hours by At present, the platform has launched a total of 111 course materials and recorded employee learning through data statistics function,
Middle Management Hours 2.14
Employee Category providing reference for subsequent course optimization and training arrangements. The Company will continue to update and improve
its curriculum system based on training needs and business development, promote the construction of internal knowledge accumulation
General Employees Hours 25.38 and sharing mechanisms, and strengthen organizational learning capabilities and experience inheritance.
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Employee Rights and Care Employee Communication
The Company respects the right of employees to express their opinions and make demands, establishes a communication mechanism for
employees, expands communication channels, supports employees to timely obtain company information and provide feedback on concerns,
Salary Mechanism and improves internal communication efficiency and response quality.
During the Reporting Period, the Company collected employees' concerns through the employee communication conference mechanism,
collected opinions from employees in the form of questionnaires, and classified, summarized, and responded to relevant issues item by
The Company continuously optimizes its salary management system, clarifies the setting and management requirements of the salary system, item. For issues related to project advancement and company development, the Company provides centralized answers through employee
follows the principle of combining positions and job levels, and determines the basic salary level based on factors such as employee job level, meetings with management to help employees have a clearer understanding of the company's development information and work direction.
professional ability, and job responsibilities. Salary management takes into account both internal fairness and external competitiveness. In In response to individual issues raised by employees in their daily work, the Company coordinates with relevant departments to promote
terms of internal fairness, the Company adheres to equal pay for equal work between men and women, ensuring consistency and rationality in solutions and provides feedback to employees one by one to ensure that their demands are responded to and closed-loop handled.
the salary system and management process; In terms of external competitiveness, the Company provides compensation packages with certain
market competitiveness based on market salary levels and employment environments in different operating locations, in accordance with The Company has established a mechanism for handling employee appeals and encourages employees to file appeals through appropriate
relevant regulations of each operating location, to support talent attraction and stability. channels. The Company promptly accepts relevant matters, promotes investigation and handling, and provides feedback on the handling
results to the appealing employees while protecting their privacy. At the same time, the Company properly retains and manages the appeal
process documents.
Special Rewards Employee Appeal
Channels
Tel: 021-54679031 Employee-feedback@montage-tech.com
Employee Welfare
In addition to basic salary and performance bonuses, the Company also establishes diversified incentive mechanisms such as intellectual
property incentives, equity incentives, and outstanding employee bonuses, enriching incentive forms and coverage dimensions, promoting
employee contribution recognition and synergy with the company's development goals.
In order to convey the company's corporate culture and values, and demonstrate humanistic care for employees, the Company strictly complies with
relevant laws and regulations in various operating regions, and provides statutory benefits for employees in accordance with the law. At the same time,
the Company has set up multiple supplementary welfare arrangements based on the needs of employees, covering work and life related scenarios, and
providing multi-level care and support for employees.
Equity Incentive and Shareholding Plan
Flexible Working System Extra Welfare Leave
The Company values the labor achievements and value creation of its employees, fully recognizes their contributions to business
Implement standard working addition to enjoying statutory holidays, paid annual leave, personal leave, sick leave,
In
development, and adheres to a people-oriented incentive orientation, creating a fair and transparent incentive environment. The Company hours and irregular working marriage leave, maternity leave, paternity leave, breastfeeding leave, funeral leave,
believes that stimulating employees' work enthusiasm and initiative can help unleash team innovation vitality, improve organizational hours based on business needs public leave, etc., the Company also provides employees with additional welfare leave
collaboration efficiency and operational efficiency, and provide support for the long-term stable development of the business. and the nature of employees' as a supplement to statutory holidays, providing effective support for work life balance
work for employees
During the Reporting Period Supplementary Commercial Insurance Holiday Benefits Care for Female Employees
addition to paying the statutory "five
In
Celebrate major order to better protect the rights and interests
In
Employees covered by equity incentives Equity incentive coverage rate insurances and one fund" for employees, festivals and of female employees in the company, care for
we also provide supplementary provide holiday female employees during pregnancy and lactation
commercial insurance for employees allowances in the workplace, the Company provides a "mother
and their children, including major and benefits to and baby room", and publishes relevant usage
%
illness, accident, and medical insurance, employees regulations, providing a private, clean, comfortable,
to address their concerns and safe resting place for lactating women.
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Employee Activities
The Company attaches great importance to employees' work-life balance, physical and mental health as well as daily well-being. By organizing a variety of employee activities, we foster a positive and inclusive workplace culture. Covering health management, team building, cultural experiences
and holiday care, these activities strengthen employee cohesion and a sense of belonging, while enriching their professional experience and leisure life.
Healthy Team Building
Exercise Travel
Cultural
Experience
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Employee Health and Safety
Safe Working Environment Construction of Safety Culture
The Company attaches great importance to the occupational health of its employees and is committed to The Company promotes the construction of safety culture through a combination of training and promotion, enhances employees' awareness
creating a safe and healthy working environment for them. The Company strictly complies with relevant of emergency response and risk prevention.
laws and regulations such as the Labor Law of the People's Republic of China , the Fire Protection Law
of the People's Republic of China , and the Occupational Disease Prevention and the Control Law of the
People's Republic of China . It also formulates internal management systems based on its own business
characteristics, clarifies occupational health and safety management requirements, improves the First Aid Training Safety Education and Training
management system and division of responsibilities, and provides institutional guarantees for employee
health and safety.
The Company attaches great importance to employees' health For the construction in progress operation scenarios, the
The Company regularly conducts assessments of occupational health and safety risks and hazards in
and safety. It has equipped its office buildings with emergency Company organizes contractors to carry out safety education
the workplace, identifies potential risk points that may lead to personal injury, and takes corresponding
equipment such as Automated External Defibrillators (AEDs) and training, covering pre-shift safety reminders, regular safety
protective measures. For example, in areas with significant laboratory noise, protective equipment
and invited professional trainers to conduct first aid training inspections and rectifications, special operation management,
such as noise cancelling headphones is provided to employees in relevant positions, and warning signs
activities, covering Cardiopulmonary Resuscitation (CPR), hidden danger investigation and other contents. It also
are set up to strengthen their awareness of protection. In addition, the office building is equipped with
AED operation and other related skills. The training is carried organizes emergency drills and special learning to strengthen
emergency facilities such as AED automatic external defibrillators, providing necessary emergency
out simultaneously online and offline to expand the coverage the safety management and risk control of the construction
support for sudden emergencies.
of publicity and popularization. site.
During the Reporting Period
The office building is
The Company regularly organized emergency drills to reduce health and safety risks during equipped with AED
operations. emergency equipment
Fire Emergency Drill
During the Reporting Period
The Company requires all employees to participate in twice a year
Lost Workdays from Work-related Injuries
building fire drills and demonstrate the use of fire extinguishers.
Work-related fatalities in the past three years
Social Value Creator
The Company deeply integrates social responsibility into its corporate development
strategy, integrates sustainable development concepts into daily operations, and
continues to practice green and low-carbon development. The Company actively
participates in the formulation of international standards, promotes the coordinated
development of industrial technology, and is committed to building an open and
win-win industry ecosystem. At the same time, the Company has been carrying
out various forms of public welfare projects for a long time, actively fulfilling
its corporate citizenship responsibilities and contributing to the sustainable
development of society.
Responsible Supply Chain 49
Industry Jointly Advancing Together 51
Social Public Welfare and Rural Education 52
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Responsible Supply Chain
The Company attaches great importance to sustainable supply chain construction. The Company maintains close collaboration with supply chain partners, establishes a standardized supplier admission and evaluation process, and establishes a risk prevention mechanism
and management system to motivate suppliers to continuously improve their performance. At the same time, Montage Technology is committed to promoting the concept of sustainable development, integrating ESG key indicators such as product quality, environmental
protection, and social responsibility into the supplier evaluation system. The Company firmly promises not to use conflict minerals to promote the sustainable development of the entire industry supply chain.
Supplier Lifecycle Management Ensuring Supply Chain Stability
The Company continues to improve its supply chain management system covering the entire chain, strengthen The Company has established a management system that covers the entire lifecycle of suppliers, The Company has built a resilient supply guarantee system from
the full process control from source to delivery, and systematically control supplier admission, performance including complete processes such as admission certification, information maintenance, two aspects: its own supply chain system construction and
evaluation, and risk monitoring by formulating and strictly implementing the Supplier Management Policy and performance evaluation, account management, and exit. In the supplier admission process, the external supplier management.
related management procedures. The Company is committed to building a safe, efficient, and sustainable supply Company not only focuses on quality, cost, and service capabilities, but also uses environmental,
chain system, ensuring that products maintain high standards of quality and reliability throughout the entire social and governance (ESG) performance as a key screening criterion. We require core suppliers to The Company has established a comprehensive business continuity
production cycle. have ISO 9001 quality management system certification and comply with relevant environmental plan, targeting scenarios such as natural disasters, equipment/
standards in all aspects of raw materials, production, packaging, transportation, etc. The Company IT failures, logistics, and hazardous chemical risks. Through
On this basis, Montage Technology has established a long-term and stable strategic partnership with core strictly implements international regulations such as the European Union's Restriction of the Use of rehearsals and contingency plans, "passive disaster relief" has
suppliers by continuously optimizing supplier evaluation, selection, and collaboration mechanisms. This process Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS) and the Registration, been transformed into "active defense", reducing recovery time
not only enhances the collaborative efficiency and resilience of the supply chain, but also promotes the overall Evaluation, Authorization and Restriction of Chemicals (REACH) to ensure that its products meet and costs while ensuring continuous and stable product delivery.
development of the supply chain towards greenery and sustainability. environmental requirements such as RoHS, REACH. To enhance its social responsibility management In 2025, the Company completed the certification and introduction
mechanism, the Company has established an Responsible Business Alliance (RBA) management of a new packaging and testing factory, directly enhancing
system in accordance with national laws and regulations and the standards of the RBA, which is the stability and elasticity of supply through supply chain
implemented and maintained across the entire organization. The policy of our RBA management diversification, aiming to structurally enhance the production
system is: Respect Human Rights, Safety and Environmental Protection, Compliance in Operations, capacity foundation and better support the demand for future
and Continuous Improvement. The Company commits to complying with relevant laws and business growth and increased shipment volume.
regulations concerning labor, health and safety, environment, ethics, and social responsibility.
To ensure the reliability of external supply, the Company
We also adhere to internationally recognized standards, other applicable industry norms, and
Performance incorporates supplier business continuity capabilities into a
international conventions, thereby fulfilling our responsibilities and obligations to society and the
n Evaluation Co systematic supplier evaluation and management system and
io lla environment. At the same time, we actively promote the implementation of certifications such as the
cat bo assists key partners in establishing emergency mechanisms that
ifi ra RBA in the supply chain and continuously monitor and evaluate the ESG practices of suppliers.
al iew tio match their risk levels. The Company explicitly requires core
Qu Rev n
Suppliers who have passed the preliminary review will enter the trial production evaluation stage, suppliers to develop and maintain a formal business emergency
and the Company will conduct a comprehensive evaluation from multiple dimensions such as plan, which comprehensively covers natural disasters and
technical capability, production efficiency, product quality, and logistics support. Only those who operational risks. Among them, the availability of a feasible
meet the standards are included in the qualified supplier list. backup site activation plan is the core indicator for evaluating
Con ration
Coo
nt
supplier resilience, with the ultimate goal of ensuring that the
Elim xit
Inte
tinu
pe
In addition, the Company conducts comprehensive supplier evaluation and grading work every year, product delivery commitment to Montage Technology is not
inat
E
r of
covering multiple dimensions such as quality, price, service, and ESG performance, and dynamically affected under any circumstances.
ed
Supplier
ion/
Lette
adjusts cooperation strategies based on the rating results. For suppliers who do not meet the
Management
Process standards, the Company first proposes rectification requirements; if the rectification still does not
meet the standards, the cooperation may be terminated. The evaluation results for 2025 show that all
production suppliers have reached the qualified level.
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Supplier Communication Conflict Minerals Commitment
The Company is committed to building stable and trustworthy supplier cooperation relationships, and has established diversified The Company commits to not using conflict minerals and considers this the foundation of a responsible supply chain. By formulating internal
communication mechanisms, including daily email and phone exchanges, regular remote meetings, special interviews, and annual supplier policies, establishing a supply chain due diligence mechanism, and conducting regular audits, it ensures that metals such as tin, tantalum,
conferences. These systematic communication measures are important components of Montage Technology's supply chain management tungsten, and gold do not come from high-risk conflict areas in the Democratic Republic of Congo and its surrounding areas. The Company
strategy, aimed at ensuring the resilience and reliability of the supply chain, and promoting deep collaboration with suppliers in quality, requires suppliers to sign a conflict free mineral commitment letter and submit compliance certificates, while also referring to international
technology, risk control, and strategic aspects, laying a solid foundation for the Company's sustainable development. standards to improve the traceability system, in order to reduce the risk of potential conflicts and human rights violations in the supply chain.
Conflict Minerals Management Process
Business Review and Frequency：
Concept Promotion Survey Plan
The Company requires suppliers to meet its Based on the latest version of the CMRT
conflict minerals policy Questionnaire released,the Company screens
suppliers that may offer 3TGand cobalt products
Everyday Work in Progress (WIP) status review
Survey Results Survey Implementation
Eliminate unqualified suppliers and Distribute the CMRT Questionnaire to
Weekly Input/Output, Production and UPD Review
smelters in the supply chain,and output the suppliers and ask them to fill it out to collect
Company's CMRT Questionnaire and summarize supplier feedback
Rolling prediction performance review, including assembly and testing
Monthly
capabilities, raw material preparation, tooling and hardware, etc
During the Reporting Period, Montage Technology followed the During the Reporting Period
OECD Due Diligence Management Guidelines and relied on the
Quarter Performance review and rating of subcontractors CMRT/EMRT tool of the Responsible Minerals Initiative (RMI) to
conduct conflict minerals due diligence on all core production Ensuring compliance with the avoidance of
suppliers, ensuring that the minerals used in the products did controversial raw material procurement
not come from conflict affected or high-risk areas. At present, all
Year Performance review and rating of subcontractors suppliers have submitted the latest version of CMRT/EMRT reports,
and the disclosed smelters are all qualified sources for RMI %
evaluation. The Company explicitly requires the use of compliant
smelters in the supplier management process and continuously
Sourcing of conflict minerals
monitors the supply chain to ensure compliance with the conflict
free minerals policy. At the same time, Montage Technology
actively cooperates with customers to complete relevant due
diligence and timely provide compliance information for smelters
and mineral sources.
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Industry Jointly Advancing Together
Participate in Industry Standard Formulation and Ecological Co- Exhibition Hall Reception
construction
Montage Technology regards physical exhibition halls as important carriers for systematically showcasing brand image, communicating
The Company systematically promotes the evolution and level positions and play a critical role in shaping and establishing
technological value, and connecting with the industrial ecosystem. In 2025, the Company further improved the national exhibition hall
ecological maturity of high-speed interconnection technology international standards for memory interconnects.. We have taken
layout, newly inaugurated the exhibition hall of its Hengqin subsidiary, relied on each exhibition hall platform to carry out systematic
by deeply embedding into the global standard setting system the lead in formulating international standards for DDR5 RCD, MDB,
and differentiated visitor reception and exchange activities, effectively promoting in-depth understanding and strategic synergy between
and building an industrial collaborative network. The Company and CKD chips, and actively participated in the standard-setting of
internal and external parties regarding the Company. Throughout the year, the Company cumulatively received 55 batches of visitors
is driven by technology participation and standard leadership, DDR5 memory module supporting chips.
including governments, universities, and enterprises.
continuously strengthening its global discourse and industrial
influence in the field of high-speed interconnection. Leveraging the profound expertise in memory interconnect, we
have expanded into other high-speed interconnect domains and
As a board member of JEDEC, the global microelectronics industry become a member of international consortia such as PCI-SIG, CXL
standardization organization, we also get several committee chair Consortium and UALink Consortium.
Industry Communication
During the Reporting Period, Montage Technology actively engaged
in industry exchanges and cooperation, participated in a total of 5
During the Reporting Period
University-Enterprise Cooperation
professional exhibitions throughout the year, and jointly carried
out nearly 17 joint marketing activities with partners. Through Participation in industry exhibitions
In 2025, the Company achieved important breakthroughs in the fields of analog radio frequency and integrated circuits through deep
in-depth industry exchanges and technological discussions, the university-enterprise collaboration, laying a solid foundation for the Company's frontier technology layout.
Company collaborates with outstanding enterprises in the industry
to effectively promote the integration and development of relevant
industrial ecosystems and promote the practical application and
University-enterprise "strong-strong collaboration" jointly tackles analog radio frequency and mixed-
widespread promotion of cutting-edge technological achievements
signal integrated circuit design technology
and innovative products. Participation in marketing activities
In 2025, the Company and Shanghai Jiao Tong University focused on analog radio frequency and mixed-signal integrated circuit design
technology, and conducted joint research with a focus on high-speed data interface systems and other fields. The research results of
related technologies have been published in the top journals in the field of integrated circuit design, the IEEE Journal of Solid State Circuits
and the IEEE Transactions on Circuits and Systems I: Regular Papers , providing key reserves for the Company's subsequent technological
innovation.
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Social Public Welfare and Rural Education
Social Welfare Voluntary Blood Donation
The Company continuously gains insights into the demands of the surrounding community and deepens its public welfare practices. The In 2025, The Company continued the tradition of "Love-Based Public Welfare Voluntary Blood Donation", organized employees from its
Company regularly carries out public welfare activities such as the "Summer Coolness Delivery" initiative and voluntary blood donation, Shanghai and Kunshan locations to participate in voluntary blood donation. Employees responded positively, and a total of 17 employees
extends its public welfare practices to the field of women's and children's rights protection, and conveys the warmth of Montage to society. conveyed love through practical actions.
Warm Hearted Cooling Activity, Paying Tribute to Urban High-temperature Workers
To fulfill corporate social responsibility and care for urban workers under high temperatures, the Company successfully held the
"Heguang Temperature Reduction Festival" public welfare action from August 5th to 8th. On August 5th, the creative interaction of "Clever
Tips for Cooling" encouraged employees in the building to share cooling suggestions; From August 6th to 8th, a "Love Cooling Station"
was established in the building to continuously provide cooling drinks, fans, water cups, and other materials for outdoor workers such as
sanitation, express delivery, takeout, and constructors.
Through the combination of "creative participation and physical care", the model effectively connects indoor enterprises and outdoor
workers. While providing substantive assistance, it also creates a friendly and mutually supportive community atmosphere, enhancing
the social image and community cohesion of enterprises.
Contribution Award for Women and Children's Development in Xuhui District
The Company focuses on women's rights protection and children's education
support, effectively promotes gender equality, and contributes to the
enhancement of the overall well-being of women and children. In 2025, The
Company was awarded the "2024-2025 Xuhui District Contribution Award
for the Development of Women and Children's Affairs".
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Rural Education
The Company has long been committed to supporting the development of rural education and continues to pay attention to the improvement Donate Computer Equipment
of educational conditions at Fengshan Primary School in Shiping County, Honghe Prefecture, Yunnan Province. Since 2022, the Company
has been assisting the school in building teaching buildings, donating books and cultural and sports supplies, and conducting characteristic
activities such as chip science lectures. In 2025, Montage Technology will continue to provide continuous support to the school through In September 2025, The Company learned that most computer
multiple measures, further assisting in enriching its educational resources and improving teaching quality. equipment in the computer lab of Fengshan Primary School
was damaged, affecting the school's IT-based teaching. The
Company quickly donated 16 computer devices that meet
teaching standards (including 15 student computers and 1 teacher
computer), ensuring that every student can enjoy the learning
condition of "one computer per student".
Artificial Intelligence Popularization Course
In June 2025, R&D engineer of Montage Technology brought a science popularization class titled "Intelligent Robot Chat - How Artificial
Intelligence Changes Our Life" to students at Fengshan Elementary School. Through simple and easy to understand theoretical
explanations and vivid and interesting videos, he stimulated students' interest in technology, helped them establish initial technological
thinking, and expanded their technological vision.
Donate Printers and Campus Broadcasting Equipment
In October 2025, The Company donated new printers to Fengshan Primary School, solving the problem that teachers could not work
efficiently due to aging equipment and improving the school's teaching and administrative efficiency. In November 2025, The Company
donated a new campus broadcasting system, replacing the old equipment that originally only supported class bells.
Climate Change Guardian
As global climate change intensifies, actively addressing climate change and
transitioning toward a net-zero future have become a shared global consensus and
imperative. As a pioneer in the era of intelligent agents, Montage Technology deeply
recognizes its responsibility to reduce emissions, actively responding to China's
"Dual Carbon" goals and the Paris Agreement. While assuming the responsibility
of reducing its own carbon footprint, the Company strives to enhance its climate
resilience across its own operations and throughout the upstream and downstream
value chain.
Governance 55
Strategy 56
Impact, Risk, and Opportunity Management 58
Metrics and Targets 59
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Governance
Montage Technology has incorporated climate action into its
Climate Change Governance Structure
sustainable development strategy, with the Board of Directors
and ESG committee as the core responsible bodies. It has
established a three-level (Decision-making, Management,
and Executive Level ) climate change management structure, The Strategy and ESG Committee of the Board of Directors
consisting of the board's strateg y and ESG committee,
Sustainability Working Group, and sustainable development Responsible for making overall decisions regarding matters related to climate change
Decision
related functional departments. The Company incorporates the
core operational management, various functional departments,
Making
and businesses into the sustainable development management
system, and each relevant department also assumes specific
responsibilities to fully leverage the advantages of sustainable
Sustainability Working Group
development management, combining top-down and bottom-up
approaches to comprehensively, systematically, and effectively Responsible for guiding the implementation of climate change related strategies and coordinating the management of climate change related issues,
achieve sustainable development. Management
providing relevant suggestions to The Strategy and ESG Committee of the Board of Directors, for the identification of climate change risks and opportunities
The Company encourages the Sustainability Working Group
and relevant functional departments to participate in climate Sustainability Related Functional Departments
related themed training, forums, etc., and supports employees
in acquiring necessary professional knowledge to be competent Responsible for promoting the implementation of climate change related work, closely communicating and cooperating with all
in managing and supervising climate change related issues. stakeholders, continuously establishing and optimizing climate change related risk management mechanisms, and promoting targeted Executive Level
During the Reporting Period, the Company provided personnel
climate change mitigation and adaptation initiatives
involved in climate change governance with training related to
risk management and climate risk management through external
expert knowledge-sharing sessions and other formats.
In addition, the Company regularly holds strategic and ESG
committee meetings to analyze, review, and discuss various
issues including climate change and sustainable development,
and actively promote decision-making and deployment of related
matters.
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Strategy
The Company is committed to establishing its climate change management strategy through a scientific and systematic approach and Analysis of Climate Change Scenario Assumptions of Montage Technology
to exploring cleaner and more sustainable operating models. The Company proactively identifies and assesses climate-related risks and
opportunities, and analyzes and categorizes the impacts of climate change. During the Reporting Period, we carried out a series of analyses Scenario Assumptions Climate scenario Scenario Introduction
on climate-related risks and opportunities to support the Company in developing its climate change management strategy, thereby
enhancing climate resilience and facilitating the effective implementation of its carbon reduction initiatives. To address climate change, countries will adopt proactive policies
Physical scenario RCP2.6 and approaches to reduce greenhouse gases over the next 10 years,
resulting in a temperature rise of 2 ° C.
The Company divides climate change management objects into two categories: risks and opportunities, with risks divided into physical risks 2 ℃ or below
The International Energy Agency has proposed a net zero emissions plan
and transition risks. We will set the identified short-term climate related risks and opportunities as current management objectives and Transformation for 2050, with recommendations on technology and emission reduction
combine the results of medium and long-term identification to provide a basis for future management goals and planning, thereby supporting NZE
scenario plans, national cooperation, and energy industry transformation. It is
our company in achieving comprehensive climate change management. At the same time, in order to form a scientific and effective climate expected to limit the global average temperature rise to 1.5 ° C.
change management strategy, we referred to international standards and recommendations, industry best practices, and selected climate
scenarios and time parameters based on the actual situation of our company. During the reporting period, the climate scenario we selected Assuming that each country engages in high greenhouse gas emissions
for physical risks was RCP2.6 under the assumption of 2 ℃ or below5 And IEA NZE6 RCP8.5 assuming 2050 and above 2 ℃ 7 And IEA STEPS8. In and energy consumption under the baseline scenario without climate
addition, our proposed short-term time range is 1 year, mid-term is 2-3 years, and long-term is 3 years or more. Physical scenario RCP8.5
change policy intervention. By 2100, the global concentration of carbon
dioxide will be 3-4 times higher than before the industrial revolution.
Above 2 ℃
Based on the currently implemented and developing energy related
policies, evaluate the effectiveness and feasibility of current policies
Transformation
STEPS between industries and countries. This scenario also considers
scenario
the planned manufacturing capabilities of current clean energy
technologies, providing a reference for energy policy direction.
To better address the risks associated with climate change, the Company regularly evaluates the impact of various risks and opportunities on
its financial performance, covering key areas such as physical risks, transformation risks, and transformation opportunities, and is committed
to incorporating them into overall operational risk management. The Company has developed emergency plans such as the Business
Continuity Management Plan (BCP) internally to ensure timely and effective response and disposal.
RCP (Representative Concentration Path) corresponds to a specific atmospheric concentration trajectory, which determines the level of greenhouse gases
in the atmosphere at the end of this century.
RCP2.6: This is one of the most optimistic scenarios, assuming that the global community can take strong emission reduction measures and achieve net
greenhouse gas emissions close to or equal to zero around the middle of this century. In this situation, it is expected that by 2100, the global average
temperature rise will be controlled at a relatively low level.
NZE (Net Zero Emissions), the International Energy Agency (IEA) has set the 2050 Net Zero Emissions Scenario (NZE) in the World Energy Outlook , requiring
the global energy industry to achieve net zero carbon dioxide emissions by 2050 and control global temperature rise within 1.5 ℃ .
RCP 8.5: This is the most pessimistic scenario, which assumes that economic activity and technological development will lead to sustained growth in
greenhouse gas emissions in the coming decades without effective mitigation measures. The result of RCP8.5 prediction is that in this situation, the Earth's
surface temperature will significantly increase by the end of this century.
STEPS (State Policies Scenario) refers to the outlook based on the latest policy goals of each country, covering energy, climate, and related industries.
Value Creation R&D Innovation Intellectual High-quality People-oriented Social Value Climate Change Green Operation
Environmental, Social and Governance (ESG) Report 07 57
Practitioner Leader Property Pioneer Product Provider Employer Creator Guardian Advocator
List of Climate Change Risks List of Climate Change Opportunities
Risk type Climate risk name Potential financial impact time frame Response measures Climate change opportunities Potential impact Impact time range
Shanghai's operating facilities may be im-
pacted by typhoon weather, resulting in ad- Regularly evaluate the pos-
verse situations such as power outages and sibility of the company's Enhance energy efficiency in product development and operations through
Short-
Typhoon traffic disruptions, leading to safety acci- operations being affected equipment upgrades and technological advancements, reduce energy intensity,
term Medium- and
dents or forcing research and development by extreme weather, and and lower corporate operating costs;
Resource opportunities long-term
Acute risk work to be suspended, ultimately increasing develop comprehensive cli- Drive R&D to deelop low-power consumption products, thereby securing more
operating costs mate risk emergency plans customer orders
and response mechanisms
Physical
The operating sites in Shanghai face certain Regularly carry out extreme
risks Short-
Floods flood risks, which may damage relevant fa- weather emergency drills
term
cilities or cause financial damage and timely equip emergen-
cy supplies reserves
Under the dual-carbon target, the country's strong promotion of new energy
On the basis of high temperature weather C ontinuously improving Medium- and
sources and the establishment of the carbon market will bring about changes in
in summer, the increase in temperature will extreme weather response Energy Transformation long-term
Rising mean Long- the structure of energy use and carbon market trading opportunities
Chronic risk lead to an increase in production refriger- strategies to ensure pro- Opportunities
temperature term
ation demand, and operating costs may duction continuity
increase
Impact time frames are defined as: short-term refers to 1 year and below, medium-term refers to 2-3 years, and long-term refers to 3 years or more.
National and local laws and regulations, to-
egularly update consol-
R
gether with emerging policies may impose
Regulation and idated policy and regula-
stricter requirements on the Company's
requirements Mid- tory, make timely policy
Policy Risk production and operations. For instance,
for existing term interpretations, and active-
heightened emission standards for the com-
products ly respond to meet compli-
pany and its partners could result in elevat-
ance requirements
ed compliance costs
Stakeholders are increasingly concerned
Transition about corporate ESG performance, for ex-
risks ample, MSCI, DJSI and other ratings have R egular disclosure the
included corporate disclosure of climate Company's ESG perfor-
change risk response and carbon target dis- mance, including through
Growing
Reputation closure in corporate ESG rating indicators, Mid- ESG reports
stakeholder
risk when the disclosure is lower than the expec- term L isten to stakeholders
concerns
tations of customers, investors and other through multiple channels
stakeholders, it may have an adverse impact and respond to their de-
on the Company's corporate image and rep- mands in a timely manner
utation, reducing the capital market's recog-
nition of the Company
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Impact, Risk, and Opportunity Management
To address the long-term impact of climate change on business operations, the Company has integrated climate change response into the company's risk management (ERM) system. We comprehensively identify potential climate related risks through refined climate change risk and
opportunity identification, monitoring, and management processes, and take targeted measures to reduce the specific impact of these risks on company operations. The systematic process of identifying, monitoring, and managing climate risks and opportunities ensures that we can
maintain long-term stable operations in the face of the challenges of climate change.
Risk and Opportunity Identification
Based on the climate change scenario assumption framework and the location of the company's assets and operating locations, Montage Montage Technology Climate Change Risk and Opportunity Management Process
Technology has conducted a combination of qualitative and data-driven analysis to classify low, medium, and high risk levels and identify the
likelihood of risk occurrence according to the RCP 2.6, RCP8.5, NZE and STEPS scenarios.
Climate change risk and opportunity identification
Likelihood of occurrence I dentify climate risks that may potentially impact business operations by collecting and analyzing climate-related historical data, industry
Climate Change Risks reports, policy documents, etc.
RCP 2.6 Scenario RCP 8.5 Scenario
O
rganize the identified risks into a risk list, specifying the specific performance, likelihood of occurrence and potential scope of impact of
each risk
Typhoon Low medium
Physical Risks Flood Low medium Climate change risk and opportunity assessment
P
rioritize the identified climate risks in relation to the likelihood of occurrence and potential impact of the risks
Rising mean temperatures Low medium I nvite industry experts and internal managers to participate in the risk assessment process to ensure the objectivity and accuracy of the
results
Likelihood of occurrence
Climate Change Risks
Responding to climate change risks and opportunities
NZE STEPS
Regulations and requirements for B
ased on operational characteristics and the results of identification and assessment, the Company has formulated specific and effective
medium low
existing products response measures, including enhancing infrastructure resilience, optimizing energy structures, and diversifying supply chain layouts
Transition Risks
Increasing stakeholder concerns medium low
Climate change risk and opportunity monitoring
We incorporate climate risks and opportunities into our company's strategy and decision-making, and incorporate the identification of Regularly monitor trends in climate risks and opportunities for timely action
climate related risks into our overall risk assessment practice and management system. Through refined risk identification, assessment, egularly review risk management activities to assess the effectiveness of the strategy and adjust and optimize risk management measures in a timely
R
and management, we reduce the impact of climate related risks on the company, ensuring long-term stable operation and sustainable manner
development.
Value Creation R&D
Pioneer
Innovation
in R&D Intellectual High-quality
High quality People-oriented
People are the Social Value
value Climate
Guardian
Change
of Green
GreenOperations
Operation
Environmental, Social and Governance (ESG) Report 07 59
Practitioner
in Practice and Leader
Innovation Property Pioneer
Creator product
Productproviders
Provider first
Employer
to hire creators
Creator Climate
Guardian
Change Advocator
Advocate
Metrics and Targets
Montage Technology has set a series of specific metrics and targets on climate change, aiming to reduce our carbon footprint from multiple dimensions,
improve energy efficiency, and promote resource recycling.
The Company actively responds to the national "dual carbon" goals and global standards related to climate change, tests its own business operations
and carbon emissions from upstream and downstream, and actively carries out carbon emission verification and analysis work. To effectively
implement the Company's climate change response strategy, we have, with reference to internationally recognised standards such as the Greenhouse
Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition) ("GHG Protocol"), systematically conducted greenhouse gas inventories
and, based on our capacity planning, scientifically projected long-term emissions trends, thereby providing a scientific basis for the formulation of
future energy-saving and emissions-reduction pathways, as well as for the setting and tracking of greenhouse gas emissions targets.
Greenhouse gas emissions Unit 2025
Scope 1 GHG emissions Tons of carbon dioxide equivalent 5.64
Scope 2 GHG emissions9 Tons of carbon dioxide equivalent 2,385.42
Scope 3 GHG emissions10 Tons of carbon dioxide equivalent 2,105.22
Scope 1&2 total GHG emissions Tons of carbon dioxide equivalent 2,391.06
Scope 1&2 GHG emissions intensity Tons of carbon dioxide equivalent per person 3.18
I n 2025, the Company added new office premises and deployed several additional servers, resulting in an 8.83% increase in Scope 2 greenhouse gas emissions as
compared with 2024.
I n 2025, the Company systematically refined the accounting boundary for its Scope 3 greenhouse gas emissions. On top of the original categories of C6 (Business
Travel) and C7 (Employee Commuting and Travel), it further incorporated key categories under the Greenhouse Gas Protocol , including C2 (Capital Goods), C4
(Upstream Transportation and Distribution) and C9 (Downstream Transportation and Distribution).
Green Operation Advocator
Montage Technology adheres to the concept of green development, actively
constructs an environmental management system, strengthens environmental risk
control, promotes energy management optimization and the introduction of energy-
saving projects, implements standardized treatment of exhaust gas, wastewater,
and waste, comprehensively practices green development, and contributes to
environmental protection.
Environmental Management 61
Energy Use 62
Water Resource Use 63
Circular Economy 64
Emission Management 65
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Environmental Management Special Training on Noise Control and Reduction Fire Drill
To reduce the impact of construction noise on office workers, surrounding In order to enhance employees' awareness of safety production and
residents, and on-site workers, the Company organizes special training emergency response, strengthen fire risk identification and early fire
Montage Technology strictly adheres to the requirements of laws and regulations such as the Environmental on noise control before the start of the fine decoration project and response capabilities, the Company has incorporated fire safety training
Protection Law of the People's Republic of China and the Environmental Impact Assessment Law of the People's at key process transition points, and conducts unified publicity and and drills into the normalized safety management mechanism. All
Republic of China . It regards environmental compliance as the bottom line for the survival and development of implementation among project managers, construction team leaders, and employees are required to participate in office building fire evacuation
enterprises. By clarifying environmental management responsibilities and standardizing management processes, it subcontractors. drills twice every year, and complete key operations such as alarm
effectively improves environmental risk control and emergency response capabilities, ensuring the implementation procedures, evacuation routes, and assembly point counting during the
of environmental responsibilities in daily operations, providing a solid guarantee for the sustainable development The training content includes the identification of noise sources, risk drills.
of Montage Technology. In 2025, the Company did not receive any administrative penalties for environmental classification, national and local requirements for construction noise
incidents. management, on-site red lines, and other related content. In addition, The Company continues to enhance employees' safety awareness and
the Company conducts noise inspections and decibel monitoring, and emergency response capabilities, reducing the risk of safety incidents
promptly takes corrective measures such as reinforcement and sealing, caused by improper operation or delayed response.
Environmental Risk and Emergency Management process adjustment, or equipment replacement for points exceeding the
standards.
The Company, in accordance with the laws and regulations of the People's Republic of China on Emergency Response
and other operational locations, has formulated and followed internal regulations such as the Flood Control Plan to
systematically promote the full process management of environmental risks and establish a normalized mechanism for
identifying environmental factors and risk control. The Company has synchronously established a dynamic risk control
system, continuously tracking changes in risk points through daily inspections, monthly special inspections, and key
area inspections. For the identified hidden dangers, we strictly implement deadline governance and rectification
tracking to effectively improve the effectiveness of environmental management.
Environmental Management Training
The Company actively carries out the cultivation
of environmental protection capabilities and Biodiversity
awareness enhancement for all employees
and continues to deepen the construction of
While pursuing technological innovation and industrial development, Montage Technology promises not to damage ecological red lines or natural habitats,
environmental management systems. In 2025,
and actively engages in biodiversity conservation. The Company upholds a high sense of responsibility and mission for the protection of biodiversity around
during the construction process of Montage
the enterprise, actively and proactively pays attention to relevant environmental protection policies issued by the local government to ensure that our business
Te c h n o l o g y H eg u a n g t i a n d i p ro j e cts , t h e
operations are closely aligned with these policy directions, jointly promoting the achievement of sustainable development goals.
Company organized monthly environmental
safety related special training and regular The areas where the Company operates do not involve ecosystems or biodiversity conservation areas, and their operations do not have an impact on wildlife species.
emergency plan drills. Regular special training The Company strictly adheres to relevant environmental regulations during its operation to ensure that its activities do not have a negative impact on the surrounding
was conducted for on-site hazardous operations, ecosystem. In addition, the Company has actively taken measures to further reduce its impact on the environment by optimizing production processes and resource
large-scale lifting, etc. Through video teaching, management.
practical exercises, and other forms, the
Company effectively improved the environmental The Company always regards biodiversity conservation as its responsibility, and through a series of environmental protection measures and responsible business
compliance awareness and green operation practices, is committed to building a green, harmonious, and sustainable ecological environment, contributing to the future of the Earth.
ability of all employees.
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Energy Use
The Company actively undertakes corporate social responsibility and strives to build a green and low-carbon production and operation
model. We are well aware of the importance of energy management in achieving sustainable development and continuously improve our 能源类型type
Energy Energy consumption (MWh) Energy consumption intensity (MWh/person)
company's energy management level. To systematically improve energy management efficiency, the Company has developed internal
systems such as the Energy Consumption and Greenhouse Gas Emission Management Procedure, established a comprehensive energy Gasoline 22.19 0.03
management framework, continuously optimized energy utilization efficiency, and reduced energy consumption.
Electricity 4,582.82 6.10
In daily business management, Montage Technology has established more targeted management arrangements around energy conservation
and consumption reduction. By identifying key energy consumption scenarios and implementing improvement measures, it continuously
controls and reduces the overall energy consumption level. Direct energy consumption 22.19 0.03
As an integrated circuit enterprise mainly focused on chip design, the power consumption of server clusters used for simulation calculations Indirect energy consumption 4,582.82 6.10
during the research and development process, as well as the operating power consumption of office spaces, constitute the main energy
sources. Based on the above characteristics, the Company cooperatively promotes the implementation of energy-saving measures from
Comprehensive energy consumption 4,605.00 6.13
two aspects: green research and development and green office. Through the improvement of research and development computing power
utilization efficiency and refined management of office energy consumption, the Company promotes a steady decrease in energy consumption
levels.
Green Building
Establish and continuously improve By posting promotional slogans, setting up current situation
operational standards and management billboards, and organizing training to promote energy The Company continues to promote the construction of green buildings and other related environments, integrating the concept of energy
benchmarks for key power consuming conservation, we aim to enhance employees' awareness of energy conservation and consumption reduction into the planning, renovation, and daily operation and maintenance management of new office
equipment, standardize equipment conservation and behavioral awareness. spaces. The Company adheres to the requirements of green buildings and energy-saving management, combined with the actual situation of
operation and operation management. office buildings, promotes energy-saving improvement and operation optimization from key aspects such as lighting, air conditioning, office
Implement electricity-use management requirements such
equipment, and energy consumption monitoring, promotes the application of energy-saving technology and green behavior norms, and
Gradually replace old models with new
as "turning off lights when leaving," reasonably control air- continuously improves the energy utilization efficiency and environmental friendliness of office spaces.
generation server equipment to improve conditioning operating hours, and set appropriate cooling and
server unit energy efficiency. heating temperatures.
Based on the computational requirements Choose printing devices with sleep/energy-saving mode to reduce Photovoltaic Construction of Lingang Project
of different stages of project development, standby power consumption.
dynamically adjust the allocation of
Regularly summarize and analyze electricity consumption data,
simulation server computing resources The Company adheres to green building related standards and requirements such as the Green Building Evaluation Standards (GB/T
to reduce idle time and reduce electricity check the implementation of energy-saving measures, and 50378-2019), and promotes green building practices in port under construction projects, integrating the concepts of energy conservation,
consumption. promote continuous improvement. health, and efficient resource utilization into scheme design and construction management. The roof planning of the project is dedicated
to photovoltaic construction, with an estimated annual power generation of approximately 160 MWh according to the plan. Currently, the
project is still in the stage of deepening design and demonstration, and the implementation arrangements will be further improved in
conjunction with the project progress. Focusing on the two star goal of green buildings, the project focuses on key requirements such as
Green R&D Green Office
low formaldehyde and low VOCs, priority of recycled/recyclable materials, improvement of insulation performance of enclosure structures,
and efficient energy-saving configuration of mechanical and electrical systems in material and system selection. Through process control
During the reporting period, through management improvement and technological innovation, we continuously explored the space for such as material acceptance and third-party testing report verification, environmental protection materials and energy-saving measures
energy conservation and consumption reduction, and analyzed the implementation of energy management goals to continuously track and are ensured to be implemented in place, continuously improving building operation energy efficiency and indoor environmental quality.
comprehensively improve energy utilization efficiency. At the same time, we are actively exploring clean energy utilization scenarios and
making positive contributions to achieving our carbon goals by expanding and increasing the proportion of green energy.
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Water Resource Use
In the current context of increasing global water scarcity, the rational management and sustainable utilization of water resources have To further efficiently utilize water resources, The Company continuously monitors, tracks, and manages its water resource consumption,
become a key issue faced by enterprises. The Company has always placed water resource management in an important position and significantly improving water resource utilization efficiency and water-saving effectiveness, achieving a win-win situation of economic and
actively implemented multiple measures, committed to achieving efficient utilization and long-term stable supply of water resources. environmental benefits.
The Company integrates water-saving management into the green office system, emphasizing the collaborative efforts of facility and office
water-saving, continuously improving water efficiency and reducing unnecessary water consumption and leakage while meeting the needs of
During the reporting period
office environment and daily operation.
Total water consumption Water consumption intensity
Configure a reclaimed water reuse system to Install an infrared sensing automatic water
use recycled water for daily cleaning and other outlet device at the faucet in the hand washing
scenarios, achieving the recycling of water area to reduce prolonged and ineffective water
resources. usage.
Water-saving
Measures for
facilities
Strengthen the daily maintenance and upkeep
Priority should be given to water-saving products of the water supply pipeline network, promptly
for sanitary ware and related accessories to investigate and deal with issues of leakage, and
improve water efficiency. the administrative department is responsible for
daily supervision and management.
Post slogans and reminders at the main water Office Water- Reasonably arrange water usage time,
usage points of the company to educate saving turn off unnecessary faucets, and prevent
employees on water conservation awareness Measures dripping and leakage
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Circular Economy
The Company is committed to exploring a circular economy model
Theme Activity of " Old Items, New Life: Let's Go Green Together "
and fully supporting the implementation of the national "dual
carbon" strategy. We insist on continuously optimizing resource
utilization efficiency through multidimensional practices, in
order to achieve reduced utilization and circular regeneration In order to actively respond to the Earth Day environmental protection initiative and practice corporate social responsibility, during World Earth Day from April 22nd to 24th, The Company joined hands with
of resources. The Company incorporates the concept of circular the leading comprehensive environmental public welfare platform in China - "White Whale" to launch and successfully hold the " Old Items, New Life: Let's Go Green Together " public welfare activity at the
economy into project construction, daily office work, employee Heguang Tiandi Building. We invited resident enterprises and employees to participate together, using idle clothes and books to send warmth to children in impoverished mountainous areas, simultaneously
awareness enhancement, and other scenarios. Through full process reducing resource waste for the earth.
management, it promotes resource conservation and recycling,
The event received widespread attention and attracted more than 50 caring partners from 6 companies to actively participate. The cumulative amount of recycled old clothes and books reached 182.5
and strives to improve resource utilization efficiency and reduce
kilograms.
environmental impact in all aspects.
Recycled clothing equivalent to reducing carbon emissions by with environmental benefits equivalent to planting
Circular Economy in Daily Office Work
Establish public office supplies sharing areas on each
floor to centrally manage and share office supplies Recycled books equivalent to saving approximately equivalent to protecting
with lower frequency of daily use, reducing duplicate
procurement and resource waste.
Configure second-hand paper recycling boxes in the kg kg of wood adult trees
printing area to guide employees to prioritize the
effectively promoting sustainable protection of forest resources
rational use of reusable paper and improve paper
utilization.
Promote the mechanism of exchanging old batteries
for new ones, establish a unified recycling process for
waste batteries, standardize collection and disposal,
and reduce environmental impact.
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Emission Management
In terms of emissions and waste management, Montage Technology strictly adheres to many environmental protection and pollution prevention laws, regulations, and standards in its operating location, including the Atmospheric Pollution Prevention and Control Law of the People's
Republic of China , the Law of the People's Republic of China on the Prevention and Control of Environmental Pollution by Solid Wastes , the Water Pollution Prevention and Control Law of the People's Republic of China , and the Comprehensive Emission Standards of Air Pollutants (GB
The Company operates in a Fabless model, with a core focus on the research and development, design, and technological innovation of integrated circuit products. The production processes such as wafer manufacturing and packaging testing are mainly completed by external partners, and the
Company does not engage in large-scale physical production and manufacturing activities. Therefore, the environmental emissions of the company in daily operations are relatively limited. Waste, wastewater, and exhaust gases mainly come from office operations and a small number of project
construction and operation activities. The overall output is relatively low, and the environmental impact is controllable. At the same time, the Company still insists on carrying out classified collection, compliant disposal, and process supervision in accordance with relevant regulations and
internal management requirements, ensuring that all types of emissions and disposal comply with regulations, and continuously promoting the implementation of resource conservation and environmental management measures. During the reporting period, the Company achieved a 100%
compliance rate in treating production exhaust emissions, wastewater, and waste disposal.
Waste Management Wastewater Management
During the reporting period
The Company continues to promote waste classification The Company's sewage source is mainly domestic sewage.
management, advocating for employees to carry out waste Total non-hazardous waste generated
Part of the sewage comes from new project construction activities. The Company conducts monthly sewage discharge inspections to
classification and separation in daily office scenarios,
standardizing the collection and proper disposal of various ensure that the sewage is discharged in compliance with requirements.
tons
types of waste, and improving the level of recycling and
utilization.
Implement classified recycling and reuse arrangements for
Total hazardous waste generated11
recyclable waste, such as setting up dedicated recycling bins Air Emission Management
for waste batteries, to facilitate centralized collection and
standardized disposal. kilograms
Install environmental monitoring equipment on the construction
Implement compliant management site of new projects, continuously monitor indicators such as
of hazardous waste and entrust it to suspended particle concentration, and automatically collect Total recyclable waste generated
a qualified property management data. Timely analyze and record any exceeding standards.
company for centralized disposal, The Company actively advocates and promotes the use of new tons
ensuring that the disposal process is
energy vehicles, and provides charging stations in the company
controllable and compliant.
building to encourage employees to actively use new energy
vehicles, reducing vehicle exhaust emissions by optimizing travel
Office paper consumption
methods.
sheets
Hazardous waste was generated from office activities, including
lamps, batteries and toner cartridges.
Appendix
ESG Data Sheet
Environmental Data
Indicator Unit 2025 2024 Indicator Unit 2025 2024
Energy Consumption Water Resources
Gasoline consumption tons 2,556.00 2,619.00 Total water consumption tons 6,759.21 6,194.14
External electricity consumption MWh 4,582.82 4,171.99
Water consumption intensity tons/person 9.00 8.34
Total energy consumption MWh 4,605.00 4,194.72
Waste Management
Direct energy consumption MWh 22.19 22.73
Total hazardous waste generated tons 42.85 /
Indirect energy consumption MWh 4,582.82 4,171.99
Hazardous waste intensity tons/person 0.06 /
Energy consumption intensity MWh/person 6.13 5.65
Greenhouse Gas Emissions Total non-hazardous waste generated tons 32.46 30.86
Scope 1 GHG emissions tCO2e 5.64 5.78 Non-hazardous waste intensity tons/person 0.04 0.04
Office paper consumption 10,000 sheets 38.12 42.18
Scope 2 GHG emissions tCO2e 2,385.4212 2,191.83
Packaging Materials
Scope 3 GHG emissions tCO2e 2,105.2213 462.83
Total packaging material
Total Scope 1 & 2 GHG emissions tCO2e 2,391.06 2,197.61 tons 58.00 /
consumption
Scope 1 & 2 emissions intensity tCO2e/person 3.18 2.96 Packaging material intensity tons/RMB million revenue 0.01 /
In 2025, the Company added new office premises and deployed several additional servers, resulting in an 8.83% increase in Scope 2 greenhouse gas emissions as compared with 2024.
I n 2025, the Company systematically refined the accounting boundary for its Scope 3 greenhouse gas emissions. On top of the original categories of C6 (Business Travel) and C7 (Employee Commuting and Travel), it further incorporated key categories under the Greenhouse Gas Protocol , including C2 (Capital
Goods), C4 (Upstream Transportation and Distribution) and C9 (Downstream Transportation and Distribution).
Indicator Unit 2025 2024 Indicator Unit 2025 2024
Employees Full-time employees % 100 100
By Employment Type
Employee turnover rate % 100 100 Part-time employees % 0 0
R&D and technical personnel % 74.4 74.7
Commercial insurance coverage rate % 100 100
Marketing and sales personnel % 10.2 9.9
Total number of employees persons 784 718 By Position Type
Management and support
Male % 69.8 68.8 % 15.4 15.5
personnel
By Gender
Female % 30.2 31.2 Mainland China (including Hong
% 89.5 /
Kong, Macao and Taiwan)
By Region
Doctoral degree % 2.0 1.8
Overseas % 10.5 /
By Education Level Master's degree % 52.2 51.1
Health and Safety
Bachelor's degree and below % 45.8 47.1
Work-related injury cases cases 3 0
Under 30 % 30.0 32.6
Work-related fatalities persons 0 0
By Age 31-50 % 61.4 59.2 Work-related injury rate % 0 0
Indicator Unit 2025 2024 Indicator Unit 2025 2024
Employee Training Long-term Incentives
Percentage of employees trained % 100 100 Equity incentive coverage rate % 94 96
Male % 100 100 Performance and Career Development
By Gender
Coverage rate of regular performance evaluation and career
Female % 100 100 % 100 100
development assessment
Senior management % 100 100
Responsible Supply Chain
By Employee Category Middle management % 100 100
Total number of suppliers number 774 862
General employees % 100 100
Number of domestic suppliers number 672 741
Average training hours hours 16.68 23.96 Number of overseas suppliers number 102 121
Male hours 16.52 25.26 Coverage rate of supplier social responsibility procurement
By Gender (Average % 100 100
assessment
Training Hours)
Female hours 17.06 21.15
Product Responsibility
Senior management hours 7.80 /
Percentage of products sold or shipped subject to recalls due to
% 0 0
By Employee Category safety and health reasons
Middle management hours 2.14 /
(Average Training Hours)
Number of complaints filed and substantiated regarding
cases 0 0
General employees hours 25.38 / breaches of customer privacy
About this Report
Scope of the Report Explanation of Designation
The scope of information disclosed in the 2025 Sustainable Development Report of Montage Technology Co., Ltd. (hereinafter In this report, "Montage Technology Co., Ltd." is also referred to as "Montage Technology" or "The company".
referred to as "this report") covers Montage Technology Co., Ltd. and its subsidiaries, which is consistent with the scope of the
company's consolidated financial statements.
Reporting Period Report Data Declaim
This report covers the period from January 1, 2025 to December 31, 2025. To enhance the comparability and completeness of the Financial Data Explanation: Unless otherwise specified, the amounts mentioned in this report are all denominated in RMB. The
report, some information should be appropriately traced forward and extended backward. financial data involved in this report is consistent with the company's 2025 annual report.
ESG data description: The ESG data and case description in this report mainly come from company statistical reports and
relevant documents. The board of directors of the company promises that there are no false records or misleading statements in
this report, and is responsible for the objectivity, authenticity, and accuracy of its content.
Reporting Principles
This Report adheres to the following reporting principles:
Materiality Principle:Determining significant ESG issues through stakeholder engagement and double materiality assessment.
Quantification Principle:Presenting key performance indicators (KPIs) in quantified units wherever feasible. Report Access
Balance Principle: Avoiding selections, omissions, or presentation formats that could improperly influence the decisions or
judgments of report readers. This report is published in electronic format, which can be found on the official website(https://www.montage-tech.com/cn/)
Consistency Principle: Adopting consistent methodologies year-over-year to enable meaningful comparisons, while clearly Website of Shanghai Stock Exchange( http://www.sse.com.cn ) Search or download.
disclosing any changes in statistical methods or KPIs.
Basis of Preparation of the Report
Contact Information
The preparation of this report follows the Shanghai Stock Exchange's (hereinafter referred to as the "Shanghai Stock
Exchange") Self regulatory Guidelines for Listed Companies No. 14- Sustainable Development Reports (Trial) and Appendix C2 Address: 16/F,181 Caobao Road, Montage Circle, Xuhui District, Shanghai, China
Environmental, Social and Governance Reporting Guidelines (ESG Guidelines) of the Stock Listing Rules of the Stock Exchange of Postal code: 200233
Hong Kong Limited. At the same time, reference is made to the United Nations Sustainable Development Goals, and responded Email:ir@montage-tech.com
to the MSCI ESG Rating.
Index of Shanghai Stock Exchange's Sustainable Development Report
Guidelines
Dimension Serial Number Topics Corresponding Articles Corresponding Chapters Dimension Serial Number Topics Corresponding Articles Corresponding Chapters
Ethics of science and
technology
Green Operation Advocator- Emission Social Value Creator- Responsible Supply
Management Chain
Green Operation Advocator - Emission Value Creation Practitioner Compliant
Management 14 Equal treatment of SMEs Article 46
Social Value Creator- Industry Jointly
Ecosystem and biodiversity Green Operation Advocator - Advancing Together
conservation Environmental Management
High-quality Product Provider Product
Environment Quality
Product and service safety
Environmental compliance 15 Article 47
management
Service
Data security and customer High-quality Product Provider Customer
privacy protection - safe
Green Operation Advocator - Water
Resource Use-
Green Operation Advocator - Circular Social Value Creator- Responsible Supply
Economy Chain
Social Value Creator- Social Public Shareholders' ESG Governance in Practice- Stakeholder
Welfare and Rural Education Sustainability communication Engagement
related
Social Value Creator- Social Public governance Anti-commercial bribery and Value Creation Practitioner Business
Society 10 Social contribution Article 40 20 Article 55
Welfare and Rural Education anti-corruption Ethics
Value Creation Practitioner Business
Ethics
Content Index of the Hong Kong Stock Exchange's Environmental,
Social and Governance Reporting Code
Subject Areas, Aspects, General Disclosures and KPIs Chapter Subject Areas, Aspects, General Disclosures and KPIs Chapter
Environmental Aspect A2:
Total packaging material used for finished products (in tonnes) and, if
Use of A2.5 ESG Data Sheet
applicable, with reference to per unit produced.
Information on: Resources
(a) the policies; and
General (b) compliance with relevant laws and regulations that have a Green Operation Advocator – Aspect A3: General Policies on minimising the issuer's significant impacts on the Green Operation Advocator –
Disclosure significant impact on the issuer Emission Management Disclosure environment and natural resources. Environmental Management
The
relating to air and greenhouse gas emissions, discharges into water Environment
and land, and generation of hazardous and non-hazardous waste. and Natural Description of the significant impacts of activities on the environment Green Operation Advocator –
Resources A3.1
and natural resources and the actions taken to manage them. Environmental Management
Green Operation Advocator –
A1.1 The types of emissions and respective emissions data. Emission Management
ESG Data Sheet
Aspect A1: Social
Emissions Total hazardous waste produced (in tonnes) and, where appropriate,
A1.3 ESG Data Sheet
intensity (e.g. per unit of production volume, per facility). Information on:
(a) the policies; and
Total non-hazardous waste produced (in tonnes) and, where People-oriented Employer-
A1.4 ESG Data Sheet (b) compliance with relevant laws and regulations that have a significant
appropriate, intensity (e.g. per unit of production volume, per facility). General Compliant Employment and
Disclosure impact on the issuer Inclusion, Employee Rights and
Green Operation Advocator – relating to compensation and dismissal, recruitment and promotion, Care
A1.5 Description of emission target(s) set and steps taken to achieve them.
Emission Management working hours, rest periods, equal opportunity, diversity, anti-
Aspect B1: discrimination, and other benefits and welfare.
Description of how hazardous and non-hazardous wastes are handled, Employment
Green Operation Advocator –
A1.6 and a description of reduction target(s) set and steps taken to achieve People-oriented Employer-
Emission Management
them. Total workforce by gender, employment type (for example, full- or part- Compliant Employment and
B1.1 Inclusion
time), age group and geographical region.
General Policies on the efficient use of resources, including energy, water and Green Operation Advocator – ESG Data Sheet
Disclosure other raw materials. Energy Use, Water Resource Use
B1.2 Employee turnover rate by gender, age group and geographical region.14 /
Direct and/or indirect energy consumption by type (e.g. electricity, gas,
A2.1 or oil) in total (kWh in '000s) and intensity (e.g. per unit of production ESG Data Sheet Information on:
volume, per facility). (a) the policies; and
Aspect A2: General (b) compliance with relevant laws and regulations that have a significant People-oriented Employer–
Use of Water consumption in total and intensity (e.g. per unit of production Disclosure impact on the issuer Employee Health and Safety
A2.2 ESG Data Sheet
Resources volume, per facility). relating to providing a safe working environment and protecting
employees from occupational hazards.
Description of energy use efficiency target(s) set and steps taken to Green Operation Advocator – Aspect B2:
A2.3
achieve them. Energy Use Health and Number and rate of work-related fatalities occurred in each of the past People-oriented Employer–
Safety B2.1
three years including the reporting year. Employee Health and Safety
Description of whether there is any issue in sourcing water that is fit
Green Operation Advocator –
A2.4 for purpose, water efficiency target(s) set and steps taken to achieve People-oriented Employer–
Water Resource Use B2.2 Lost days due to work injury.
them. Employee Health and Safety
Description of occupational health and safety measures adopted, and People-oriented Employer –
Given the intense competition for talent in the industry, employee turnover data is deemed commercially sensitive. As an alternative, the Company uses
B2.3
how they are implemented and monitored. Employee Health and Safety
other KPIs to showcase its workforce situation.
Social Social
People-oriented Employer High-quality Product Provider-
General Policies on improving employees' knowledge and skills for discharging Percentage of total products sold or shipped subject to recalls for safety
– Talent cultivation and B6.1 Product Quality
Disclosure duties at work. Description of training activities. and health reasons.
development ESG Data Sheet
People-oriented Employer High-quality Product Provider-
Aspect B3: The percentage of employees trained by gender and employee category – Talent cultivation and Number of products and service related complaints received and how Customer Service
B3.1 B6.2
(e.g. senior management, middle management). development they are dealt with.
Development ESG Data Sheet
and Training ESG Data Sheet Aspect B6:
Product
Responsibility Description of practices relating to observing and protecting intellectual Intellectual Property Pioneer
People-oriented Employer B6.3
property rights. Strategy
The average training hours completed per employee by gender and – Talent cultivation and
B3.2 development
employee category. High-quality Product Provider-
ESG Data Sheet B6.4 Description of quality assurance process and recall procedures.
Product Quality
Information on: Description of consumer data protection and privacy policies, and how High-quality Product Provider-
B6.5
(a) the policies; and People-oriented Employer - they are implemented and monitored. Privacy and Data Security
General
(b) compliance with relevant laws and regulations that have a significant Compliant Employment and
Disclosure
impact on the issuer Inclusion Information on:
relating to preventing child and forced labour. (a) the policies; and
Aspect B4: General Value Creation Practitioner –
Disclosure (b) compliance with relevant laws and regulations that have a significant Business Ethics
Labor People-oriented Employer -
Description of measures to review employment practices to avoid child impact on the issuer relating to bribery, extortion, fraud and money
Standards B4.1 Compliant Employment and
and forced labour. laundering.
Inclusion
Aspect B7: Number of concluded legal cases regarding corrupt practices brought
People-oriented Employer - Value Creation Practitioner –
Anti-corruption B7.1 against the issuer or its employees during the reporting period and the
B4.2 Description of steps taken to eliminate such practices when discovered. Compliant Employment and Business Ethics
outcomes of the cases.
Inclusion
Description of preventive measures and whistle-blowing procedures, Value Creation Practitioner –
General Social Value Creator- B7.2
Policies on managing environmental and social risks of the supply chain. and how they are implemented and monitored. Business Ethics
Disclosure Responsible Supply Chain
Value Creation Practitioner –
Social Value Creator- B7.3 Description of anti-corruption training provided to directors and staff.
Business Ethics
B5.1 Number of suppliers by geographical region. Responsible Supply Chain
ESG Data Sheet Policies on community engagement to understand the needs of the Social Value Creator - Social
General
communities where the issuer operates and to ensure its activities take Public Welfare and Rural
Disclosure
Aspect B5: Description of practices relating to engaging suppliers, number of into consideration the communities' interests. Education
Supply Chain Social Value Creator -
B5.2 suppliers where the practices are being implemented, and how they are
Management Responsible Supply Chain Aspect B8:
implemented and monitored. Social Value Creator - Social
Focus areas of contribution (e.g. education, environmental concerns,
Community B8.1 Public Welfare and Rural
labour needs, health, culture, sport).
Description of practices used to identify environmental and social risks Social Value Creator - Investment Education
B5.3
along the supply chain, and how they are implemented and monitored. Responsible Supply Chain
Social Value Creator - Social
Description of practices used to promote environmentally preferable B8.2 Resources contributed (e.g. money or time) to the focus area. Public Welfare and Rural
Social Value Creator - Education
B5.4 products and services when selecting suppliers, and how they are
Responsible Supply Chain
implemented and monitored.
Information on:
(a) the policies; and
Aspect B6: High-quality Product Provider-
General (b) compliance with relevant laws and regulations that have a significant
Product Product Quality, Customer
Disclosure impact on the issuer
Responsibility Service
relating to health and safety, advertising, labelling and privacy matters
relating to products and services provided and methods of redress.
Climate Related Disclosures Climate Related Disclosures
(a) the governance body(s) (which can include a board, committee or equivalent body charged with governance) or over which time horizons – short, medium or long term – the effects of each climate- Climate Change Guardian
individual(s) responsible for oversight of climate-related risks and opportunities. Specifically, the issuer shall identify that related risk and opportunity could reasonably be expected to occur; and
body(s) or individual(s) and disclose information about:
(d) explain how the issuer defines ‘short term', ‘medium term' and ‘long term'
(i) how the body(s) or individual(s) determines whether appropriate skills and and how these definitions are linked to the planning horizons used by the issuer for Climate Change Guardian
competencies are available or will be developed to oversee strategies designed to Climate Change Guardian strategic decision-making.
respond to climate-related risks and opportunities;
Business model and value chain
(ii) how and how often the body(s) or individual(s) is informed about climate-related 21. An issuer shall disclose information that enables an understanding of the current and anticipated effects of climate-
Climate Change Guardian
risks and opportunities; related risks and opportunities on the issuer's business model and value chain. Specifically, the issuer shall disclose:
(iii) how the body(s) or individual(s) takes into account climate-related risks and (a) a description of the current and anticipated effects of climate-related risks and
Climate Change Guardian
opportunities when overseeing the issuer's strategy, its decisions on major transactions, opportunities on the issuer's business model and value chain; and
Climate Change Guardian
and its risk management processes and related policies, including whether the body(s) or
(I) individual(s) has considered trade-offs associated with those risks and opportunities; (b) a description of where in the issuer's business model and value chain climate
Governance related risks and opportunities are concentrated (for example, geographical areas, Climate Change Guardian
(iv) how the body(s) or individual(s) oversees the setting of, and monitors progress facilities and types of assets).
towards, targets related to climate-related risks and opportunities (see paragraphs Climate-related remuneration
remuneration policies (see paragraph 35); and 22. An issuer shall disclose information that enables an understanding of the effects of climate-related risks and
opportunities on its strategy and decision-making. Specifically, the issuer shall disclose:
(b) management's role in the governance processes, controls and procedures used to monitor, manage and oversee climate-
(II) Strategy
related risks and opportunities, including information about: (a) information about how the issuer has responded to, and plans to respond to,
climate-related risks and opportunities in its strategy and decision-making, including
(i) whether the role is delegated to a specific management-level position or how the issuer plans to achieve any climate-related targets it has set and any targets Climate Change Guardian
management-level committee and how oversight is exercised over that position or Climate Change Guardian it is required to meet by law or regulation. Specifically, the issuer shall disclose
committee; and information about:
(ii) whether management uses controls and procedures to support the oversight of (i) current and anticipated changes to the issuer's business model, including its
climate-related risks and opportunities and, if so, how these controls and procedures Climate Change Guardian Climate Change Guardian
resource allocation, to address climate-related risks and opportunities;
are integrated with other internal functions.
(ii) current and anticipated adaptation and mitigation efforts (whether direct or
Climate-related risks and opportunities Climate Change Guardian
indirect);
reasonably be expected to affect the issuer's cash flows, its access to finance or cost of capital over the short, medium or (iii) any climate-related transition plan the issuer has (including information about
long term. Specifically, the issuer shall: key assumptions used in developing its transition plan, and dependencies on which
Climate Change Guardian
the issuer's transition plan relies), or an appropriate negative statement where the
(a) describe climate-related risks and opportunities that could reasonably be issuer does not have a climate-related transition plan; and
(II) Strategy
expected to affect the issuer's cash flows, its access to finance or cost of capital over Climate Change Guardian
the short, medium or long term; (iv) how the issuer plans to achieve any climate-related targets (including
any greenhouse gas emissions targets (if any)), described in accordance with Climate Change Guardian
(b) explain, for each climate-related risk the issuer has identified, whether the issuer paragraphs 37 to 40; and
considers the risk to be a climate-related physical risk or climate-related transition Climate Change Guardian
risk; (b) information about how the issuer is resourcing, and plans to resource, the
Climate Change Guardian
activities disclosed in accordance with paragraph 22(a).
Climate Related Disclosures Climate Related Disclosures
Climate Change Guardian Climate Change Guardian
previous reporting periods in accordance with paragraph 22(a). climate resilience; and
Financial position, financial performance and cash flows (iii) the issuer's capacity to adjust, or adapt its strategy and business model to climate
Climate Change Guardian
Current financial effect change over the short, medium or long term;
(b) how and when the climate-related scenario analysis was carried out, including: Climate Change Guardian
(a) how climate-related risks and opportunities have affected its financial position,
Climate Change Guardian (i) information about the inputs used, including: Climate Change Guardian
financial performance and cash flows for the reporting period; and
(b) the climate-related risks and opportunities identified in paragraph 24(a) for which (1) which climate-related scenarios the issuer used for the analysis and the sources of
Climate Change Guardian
there is a significant risk of a material adjustment within the next annual reporting such scenarios;
Climate Change Guardian
period to the carrying amounts of assets and liabilities reported in the related
financial statements. (2) whether the analysis included a diverse range of climate-related scenarios; Climate Change Guardian
Financial position, financial performance and cash flows (3) whether the climate-related scenarios used for the analysis are associated with
Climate Change Guardian
(II) Strategy climate-related transition risks or climate-related physical risks;
Anticipated financial effect
Climate Change Guardian
with the latest international agreement on climate change;
(a) how the issuer expects its financial position to change over the short, medium and
long term, given its strategy to manage climate-related risks and opportunities, taking Following the Company's (5) why the issuer decided that its chosen climate-related scenarios are relevant to
(II) Strategy assessment, the anticipated Climate Change Guardian
into consideration: assessing its resilience to climate-related changes, developments or uncertainties;
financial effects of climate-related
(i) its investment and disposal plans; and risks and opportunities are not yet (6) time horizons the issuer used in the analysis; and Climate Change Guardian
reliably quantifiable at this stage.
(ii) its planned sources of funding to implement its strategy; and The Company will continue to (7)what scope of operations the issuer used in the analysis (for example, the
Climate Change Guardian
enhance the relevant assessment operation, locations and business units used in the analysis);
(b) how the issuer expects its financial performance and cash flows to change over methodologies and disclosures as
the short, medium and long term, given its strategy to manage climate-related risks appropriate. (ii) the key assumptions the issuer made in the analysis; and Climate Change Guardian
and opportunities.
(iii) the reporting period in which the climate-related scenario analysis was carried
Climate resilience Climate Change Guardian
out.
model to climate-related changes, developments and uncertainties, taking into consideration the issuer's identified 27. An issuer shall disclose information about:
climate-related risks and opportunities. An issuer shall use climate-related scenario analysis to assess its climate resilience
using an approach that is commensurate with an issuer's circumstances. In providing quantitative information, the issuer (a) the processes and related policies it uses to identify, assess, prioritise and monitor
(III) Climate Change Guardian
may disclose a single amount or a range. Specifically, the issuer shall disclose: climate-related risks, including information about:
Risk
(a) the issuer's assessment of its climate resilience as at the reporting date, which Management (i) the inputs and parameters the issuer uses (for example, information about data
Climate Change Guardian Climate Change Guardian
shall enable an understanding of: sources and the scope of operations covered in the processes);
(i) the implications, if any, of the issuer's assessment for its strategy and business
(ii) whether and how the issuer uses climate-related scenario analysis to inform its
model, including how the issuer would need to respond to the effects identified in the Climate Change Guardian Climate Change Guardian
identification of climate-related risks;
climate-related scenario analysis;
Climate Related Disclosures Climate Related Disclosures
(iii) how the issuer assesses the nature, likelihood and magnitude of the effects of (iii) any changes the issuer made to the measurement approach, inputs and
Climate Change Guardian
those risks (for example, whether the issuer considers qualitative factors, quantitative Climate Change Guardian assumptions during the reporting period and the reasons for those changes;
thresholds or other criteria);
(c) for Scope 2 greenhouse gas emissions disclosed in accordance with paragraph
(iv) whether and how the issuer prioritises climate-related risks relative to other types 10(b), disclose its location-based Scope 2 greenhouse gas emissions, and provide
Climate Change Guardian Climate Change Guardian
of risks; information about any contractual instruments that is necessary to enable an
understanding of the issuer's Scope 2 greenhouse gas emissions; and
(v) how the issuer monitors climate-related risks; and Climate Change Guardian
(III) (d) for Scope 3 greenhouse gas emissions disclosed in accordance with paragraph
Risk (vi) whether and how the issuer has changed the processes it uses compared with the 10(c), disclose the categories included within the issuer's measure of Scope 3
Climate Change Guardian
Management previous reporting period; greenhouse gas emissions, in accordance with the Scope 3 categories described in the Climate Change Guardian
Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting
(b) the processes the issuer uses to identify, assess, prioritise and monitor climate Standard (2011).
related opportunities (including information about whether and how the issuer
Climate Change Guardian
uses climate-related scenario analysis to inform its identification of climate-related Climate-related transition risks
opportunities); and 30. An issuer shall disclose the amount and percentage of assets or business activities
vulnerable to climate-related transition risks.
(c) the extent to which, and how, the processes for identifying, assessing, prioritising Following the Company's
and monitoring climate-related risks and opportunities are integrated into and Climate Change Guardian Climate-related physical risks assessment, the anticipated
inform the issuer's overall risk management process. 31. An issuer shall disclose the amount and percentage of assets or business activities financial effects of climate-related
vulnerable to climate-related physical risks. risks and opportunities are not yet
Greenhouse gas emissions
(IV) Metrics reliably quantifiable at this stage.
as metric tons of CO2 equivalent, classified as: 32. An issuer shall disclose the amount and percentage of assets or business activities enhance the relevant assessment
aligned with climate-related opportunities. methodologies and disclosures as
(a) Scope 1 greenhouse gas emissions; Climate Change Guardian appropriate.
Capital deployment
(b) Scope 2 greenhouse gas emissions; and Climate Change Guardian
(c) Scope 3 greenhouse gas emissions. Climate Change Guardian deployed towards climate-related risks and opportunities.
(IV) Metrics 34. An issuer shall disclose:
and Targets (a) measure its greenhouse gas emissions in accordance with the Greenhouse Gas
Protocol: A Corporate Accounting and Reporting Standard (2004) unless required by (a) an explanation of whether and how the issuer is applying a carbon price in
Climate Change Guardian The internal carbon pricing
a jurisdictional authority or another exchange on which the issuer is listed to use a decision making (for example, investment decisions, transfer pricing, and scenario
different method for measuring greenhouse gas emissions; analysis); and mechanism has not been adopted
at this stage and will be evaluated
(b) disclose the approach it uses to measure its greenhouse gas emissions including: Climate Change Guardian (b) the price of each metric tonne of greenhouse gas emissions the issuer uses to as appropriate.
assess the costs of its greenhouse gas emissions;
(i) the measurement approach, inputs and assumptions the issuer uses to measure its
Climate Change Guardian Remuneration
greenhouse gas emissions;
(ii) the reason why the issuer has chosen the measurement approach, inputs and factored into remuneration policy, or an appropriate negative statement. This may policy is currently not applicable
Climate Change Guardian
assumptions it uses to measure its greenhouse gas emissions; and form part of the disclosure under paragraph 19(a)(iv).
Climate Related Disclosures Climate Related Disclosures
Industry-based metrics (d) any revisions to the target and an explanation for those revisions. Climate Change Guardian
with one or more particular business models, activities or other common features Climate Change Guardian
related target and an analysis of trends or changes in the issuer's performance.
that characterise participation in an industry. In determining the industry-based No industry metrics were
metrics that the issuer discloses, an issuer is encouraged to refer to and consider referenced, as this matter is not
the applicability of the industry based metrics associated with disclosure topics applicable.
described in the IFRS S2 Industry based Guidance on implementing Climate-related (a) which greenhouse gases are covered by the target; Climate Change Guardian
Disclosures and other industry-based disclosure requirements prescribed under other
international ESG reporting frameworks. (b) whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the
Climate Change Guardian
target;
Climate-related targets
(c) whether the target is a gross greenhouse gas emissions target or a net greenhouse
gas emissions target. If the issuer discloses a net greenhouse gas emissions target,
towards achieving its strategic goals; and (b) any targets the issuer is required to meet by law or regulation, including any Climate Change Guardian
the issuer is also required to separately disclose its associated gross greenhouse gas
greenhouse gas emissions targets. For each target, the issuer shall disclose:
emissions target;
(a) the metric used to set the target; Climate Change Guardian
(d) whether the target was derived using a sectoral decarbonisation approach; and Climate Change Guardian
(b) the objective of the target (for example, mitigation, adaptation or conformance
Climate Change Guardian (IV) Metrics (e) the issuer's planned use of carbon credits to offset greenhouse gas emissions to achieve any net greenhouse gas
with science-based initiatives);
and Targets emissions target. In explaining its planned use of carbon credits, the issuer shall disclose:
(c) the part of the issuer to which the target applies (for example, whether the target
(IV) Metrics (i) the extent to which, and how, achieving any net greenhouse gas emissions target
applies to the issuer in its entirety or only a part of the issuer, such as a specific Climate Change Guardian /
and Targets relies on the use of carbon credits;
business unit or geographic region);
(ii) which third-party scheme(s) will verify or certify the carbon credits; /
(d) the period over which the target applies; Climate Change Guardian
(iii) the type of carbon credit, including whether the underlying offset will be nature-
(e) the base period from which progress is measured; Climate Change Guardian
based or based on technological carbon removals, and whether the underlying offset /
(f) milestones or interim targets (if any); Climate Change Guardian is achieved through carbon reduction or removal; and
(g) if the target is quantitative, whether the target is an absolute target or an intensity (iv) any other factors necessary to enable an understanding of the credibility and
Climate Change Guardian integrity of the carbon credits the issuer plans to use (for example, assumptions /
target; and
regarding the permanence of the carbon offset).
(h) how the latest international agreement on climate change, including jurisdictional
Climate Change Guardian Applicability of cross-industry metrics and industry-based metrics
commitments that arise from that agreement, has informed the target.
No industry metrics were
referenced, as this matter is not
applicable.
progress against each target, including: (see paragraphs 28 to 35) and (ii) industry-based metrics (see paragraph 36).
(a) whether the target and the methodology for setting the target has been validated
Climate Change Guardian
by a third party;
(b) the issuer's processes for reviewing the target; Climate Change Guardian
(c) the metrics used to monitor progress towards reaching the target; and Climate Change Guardian
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