CONTENTS
01 About This Report
03 Message from the Board
of Directors
010305
Steady Progress Sustainable
About Goneo Group Growth Value Co-creation
Company Profile 07 Corporate Governance 27 Innovation and R&D 97
Our Business 08 Compliance Operations and Risk Management 31 Product and Service Quality 104
Corporate Honors 09 Business Ethics 37 Customer Relationship Management 121
Data Security and Privacy Protection 46 Sustainable Supply Chain 129
020406
Sustainability Management Advancing Green Development People-oriented
Sustainability Strategy 13 Climate Change Response 55 Employee Rights 143
Sustainability Governance 15 Pollutant Emissions and Waste Management 75 Human Capital Development 151
Sustainability Management Measures 16 Resource Recycling and Utilization 89 Occupational Health and Safety 166
181 Appendix Sustainability Targets and Tracking 19 Ecosystem and Biodiversity Protection 92 Rural Revitalization and Social Contribution 17701 2025 Sustainability Report of Goneo Group Co. Ltd. 02
About This Report
Forward-looking Statement
Report Overview This Report contains forward-looking statements which refer to statements regarding business activities events or
developments that the Company expects or anticipates may or will occur in the future other than statements of historical
Based on the principles of objectivity standardization transparency and comprehensiveness the 2025 Sustainability fact. Future results or developments may differ substantially from these forward-looking statements due to various
Report of Goneo Group Co. Ltd. discloses details of the Company's practices and performance in environmental social factors. Unless regulatory requirements dictate otherwise the Company is under no obligation or duty to update any
and governance (ESG) and other areas of responsibilities in 2025. forward-looking statements made in this report before April 28 2026.Reporting Period Reporting Framework
This is an annual report covering the results of work carried out during the financial year from 1 January 2025 to 31
This Report has been prepared in accordance with Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation
December 2025 (hereinafter referred to as the "Reporting Period"). To enhance comparability and completeness certain
of Listed Companies—Sustainability Report (Trial) and Guide No.4 for Self-Regulatory Supervision on Listed Companies
content may also involve previous or future years.of the SSE—Compilation of Sustainable Development Reports (January 2026 Revision) which consists of No. 1:
General Requirements and Disclosure Framework No. 2: Response to Climate Change No.3: Pollutant Emission
No.4: Energy Utilization and No.5: Water Utilization. The disclosures in this Report also refer to the 17 United Nations
Sustainable Development Goals (SDGs) the GRI Sustainability Reporting Standards(GRI Standards) issued by the Global
Reporting Scope Sustainability Standards Board (GSSB) as well as the standards established by the Sustainability Accounting Standards
Board (SASB).This Report covers Goneo Group Co. Ltd. and its wholly-owned subsidiaries.Reporting Principles
References
This Report follows the principles of timeliness accuracy balance completeness comparability verifiability clarity and
For ease of reference "Goneo Group Co. Ltd." is also referred to as "we" "Goneo Group" "Goneo" "Company" or "Group"
quantifiability and discloses information in light of the Company's own sustainability context.in the Report.Data Statement Report Availability
The data used in this Report are derived from the Company's original operating records annual financial data internal This Report is published in electronic format and is available for review and download on the website of the Shanghai Stock
statistical statements administrative documents and other relevant reports. The calculation of greenhouse gas emissions Exchange (www.sse.com.cn) and the official website of the Company (www.gongniu.cn).data have been carried out with technical support from Carbonstop (Beijing) Tech Co. Ltd. The financial data have been
This Report is published in both Simplified Chinese and English. In the event of any discrepancy the Simplified Chinese
independently audited by Pan-China Certified Public Accountants LLP while key non-financial data have been verified by
version shall prevail.TüV Rheinland (Shanghai) Co. Ltd. All financial data in this Report are presented in RMB. In the event of any inconsistency
between this Report and the Financial Report the latter shall prevail.Message from the Board of
Directors
Moving Forward with Unwavering Resolve applications successfully launching integrated charging solutions such as heavy-duty truck chargers and megawatt-level grouped charging systems. These solutions provide efficient and reliable energy replenishment services for emerging scenarios
including logistics and ports contributing in practical ways to the green and low-carbon transition of society. In energy storage
—— A Letter to Our Shareholders
we are using Europe as a strategic entry point steadily advancing the R&D iteration and market validation of residential energy
storage and small- to medium-sized commercial and industrial energy storage products. Through continuous product innovation
Time never stands still and the seasons pass in swift succession. Looking back on 2025 this marked the first full year for Goneo we aim to establish a distinctive competitive advantage in the rapidly growing global energy storage market.Group since embarking on a new chapter following its 30th anniversary milestone. Amid a complex macroeconomic environment
Advancing globalization is a strategic direction to which Goneo remains firmly committed as we look to the future and pursue
and heightened volatility across global markets we remained true to our original aspirations and steadfast in our strategy moving
leapfrog development. In our traditional core business segments for mature markets with entrenched competitive structures we
forward with resilience through multiple challenges.seek to break through market barriers and open up new growth opportunities through more stylish and innovative products. At
Although our full-year performance faced certain pressures amid industry cycle fluctuations and changes in the market the same time we are actively cultivating emerging markets and capturing global growth opportunities with precision. In the new
environment we successfully withstood the test of the market and our core business fundamentals remained solid and resilient energy business starting from the European market we are steadily promoting the localized operation and deeper deployment of
throughout the year. Staying committed to high-quality development we continued to strengthen refined cost control optimize our residential and commercial energy storage businesses. By adhering to a business model centered on innovative products and
our product mix and deepen engagement with core customers driving steady gains in market share across key categories. At differentiated by installation and service capabilities we are practicing long-termism and striving to take the Goneo brand global
the same time profitability and cash flow remained healthy fully demonstrating the Company' s strong operational resilience and anchor it firmly in markets around the world.and counter-cyclical capabilities. On the one hand we continued to deepen our traditional core businesses and reinforce our
The realization of these strategic goals depends on the guidance of our core corporate culture. "Professionalism and focus
competitive barriers further consolidating our leadership in flagship categories. On the other hand we actively embraced change
striving to be the best and taking the long road" form the spiritual foundation that enables us to meet challenges and sustain long-
by nurturing new businesses expanding into new markets and enhancing internal management efficiency thereby laying a more
term development. This requires us to maintain the courage to reform ourselves and continuously strengthen our organizational
solid foundation for the Group's medium- to long-term high-quality development.capabilities. In the coming year we will accelerate digital transformation as a key driver to build a more agile efficient and
Standing at a new starting point in our 30-year journey we are keenly aware of the key trends shaping the industry's future: collaborative modern operating model. At the same time we will further optimize the BBS (Bull Business System) management
the rapid rise of intelligent ecosystems and the new energy sector is becoming a key driver of future growth for both the system across the entire business value chain strengthen our talent pipeline and fully unlock the organization' s internal vitality.industry and enterprises alike. Based on this judgment we will remain firmly focused on these two core growth areas striving We firmly believe that continuously building strong organizational capabilities is the fundamental guarantee for steady and
to build the Company's second growth curve. At the same time we will broaden our global footprint through a comprehensive sustainable long-term development.internationalization strategy creating a more resilient and sustainable growth engine for Goneo's long-term development over the
Looking ahead the industry will continue to present both opportunities and challenges. Goneo will remain steadfast in its pursuit
next three decades.of exceptional quality with continuous innovation as its core driving force and move forward with determination along its three
As the wave of intelligent transformation sweeps across industries we have remained focused on our areas of strength using strategic directions: intelligent ecosystems new energy and internationalization.technological innovation as our pen and AI as our ink to create new value for traditional products. In the field of intelligent lighting
Here we would like to extend our sincerest gratitude to every investor who has placed trust in Goneo. It is because of your
and home ecosystems we have deeply integrated healthy lighting environments intelligent control technologies and large AI
continued support and confidence that we have been able to navigate market uncertainties with composure and boldly open up
models to launch an AI smart lighting system powered by MOSGPT. This enables a breakthrough from passive scene settings to
new avenues for growth. On the journey toward our vision of becoming a global leader in the civil electrical industry Goneo will
proactive sensing and autonomous generation of personalized lighting environments delivering consumers an immersive smart
stay true to its original aspiration live up to the trust placed in us and move forward with steadiness and resolve—delivering even
living experience that truly understands their needs and responds to their preferences. To further strengthen the foundation of
stronger results in return for all the trust and expectations placed in us.innovation we have enhanced the role of our Intelligent AI Research Institute and increased investment advancing the systematic
and scaled integration and deployment of AI technologies in the civil electrical industry. Meanwhile with a forward-looking vision
we are also expanding into emerging areas such as data center power distribution and actively participating in AI infrastructure
development leveraging our professional expertise to support the steady growth of the digital economy. We firmly believe that our
long-term commitment to and investment in AI will build a future-oriented core competitive advantage for Goneo.The global energy landscape is undergoing profound transformation and our expansion into the new energy sector is a
determined strategic choice for Goneo to align with this trend and achieve long-term development. Despite the slower growth in
electric vehicle penetration we have remained steady and pragmatic continuing to consolidate our leading position in the home Board of Directors Goneo Group Co. Ltd.charging market. At the same time we have focused on high-power ultra-fast charging technologies and specialized commercial April 202605 2025 Sustainability Report of Goneo Group Co. Ltd. 06
About Goneo Group
While steadily advancing its core business Goneo Group has continued to deepen its presence in the civil electrical sector
and built a diversified and synergistic business portfolio. With outstanding product quality and strong market reputation
the Company's products have gained broad recognition from consumers in numerous countries and regions around
the world. Years of sound operation and deep industry cultivation have earned Goneo Group numerous honors further
reinforcing its leading position in the civil electrical industry.
1.Company Profile Our Business
Founded in 1995 Goneo Group is a company specializing in electric connections intelligent electrical lighting and new energy in the Since its inception the Company has built three synergistic business segments: The electrical connection business has successfully
civil electrical industry. With the vision of "becoming a leader in the international civil electrical industry" and the mission of "providing achieved innovative breakthroughs in high-end and fashionable positioning while adhering to the core of safety; the smart electrical and
customers with a safe and comfortable power use experience" the Company upholds the development philosophy of "taking the long way lighting business has built a unique product competitive advantage with "AI intelligence + healthy lighting" as its technical core; the new
with professionalism and devotion." It continuously pursues innovation in functionality technology and design and in recent years has energy business has further strengthened its market competitive position through the iterative optimization of charging piles and the
launched a series of popular new products including concealed track sockets fast-charging power banks with full 3C certification ultra- comprehensive upgrade of European residential energy storage and domestic industrial and commercial energy storage products.slim smart switch smart lighting systems personal EV chargersmegawatt-level grouped charging systems residential energy storage
systems and commercial and industrial energy storage cabinets.Goneo Business Classification
Beginning with our flagship socket segment Goneo has evolved over 31 years to establish a long-term sustainable industrial portfolio
centered on civil electrical systems and lighting solutions. According to market research data in 2025 the Company ranked No. 1 in online Business Areas Product Types
sales on Tmall in four categories: converters wall switches and sockets EV chargers and portable EV chargers.Electric connection business Adapters (power strips) digital accessories power tools etc.Wall switches and sockets LED lights (smart no-main-lamp lighting) safe circuit
Smart Electrical Lighting breakers smart bathroom heaters smart door locks smart clothes drying racks
smart curtain machines etc.Become a leader in the Vision Mission Provide customers with a safe
international civil electrical and comfortable power use
New Energy New energy vehicle charging points/plugs household chargers industrial and industry experience
commercial chargers outdoor portable chargers etc.In addition the Company has focused on niche opportunities in the AI and new energy sectors. Leveraging its PDU (power distribution unit)
capabilities it has actively expanded into the data center business; and drawing on its accumulated R&D and product strengths in lighting
Taking the long way with
Core Corporate and new energy it has also actively expanded into the solar lighting business. Both efforts have laid a solid foundation for business growth.Loyalty integrity
professionalism and devotion
professionalism and devotion Values Concept At present the Company's business fully covers scenarios across living working and travel and is committed to providing global users
and striving for No. 1
with safer smarter and higher-quality power solutions.Business Category
Safety Sockets Decorative Safety EV Digital Gadgets Eye-Care Smartno-main-
Switches Charger Lighting lamp Lighting
Power Tools Safety Smart Household Safety Circuit Data Center Energy Storage
Lock Appliances Breaker Power
DistributionCorporate Honors Enterprise Striving for Excellence
Honors Awarding Institution
Ministry of Industry and Information Technology of the People's Republic
Innovative Products National Green Factory
of China
Honors Award-Winning Products Ministry of Industry and Information Technology of the People's Republic
2025 Excellent - Level Smart Factory
of China
G70 & G53 Acrylic Toggle Switches
iF Design Award Wall Switches and Sockets - National Ministry of Industry and Information Technology of the People's Republic
Murora AI Voice Smart Switch C200 Manufacturing Single Champion Enterprise of China
Flat USB Socket Mobile Socket Manufacturing Single Champion Ministry of Industry and Information Technology of the People's Republic
Enterprise of China
Murora AI Voice Smart Switch C200
EV Charger - 25th China Patent Award China National Intellectual Property Administration (CNIPA)
Goneo "Infinity" Series EV Charger
Red Dot Design Award
Department of Economy and Information Technology of Zhejiang
2025 Zhejiang Provincial Green and Low-Carbon
Power Bank with Built-in Cable Province Zhejiang Provincial Development and Reform Commission and
Factory
Department of Ecological Environment of Zhejiang Province
Detachable Portable USB Socket
2025 Zhejiang Provincial AI Application
Digital Display Mini Charging Hub Department of Economy and Information Technology of Zhejiang Province
Benchmarking Enterprise
Ice Cube Charger
IDEA Ningbo Advanced Collective in Promoting
Ningbo Municipal Committee of the Communist Party of China & Ningbo
3-in-1 Power Bank Urban Digital New Energy and International
Municipal People's Government
Transformation
Murora AI Voice Smart Switch C200
Murora T300 Series Downlight
GOOD DESIGN Award
Goneo Invisible Smart Track Socket
Sustainable Responsibility
IIDA AWARD G68 Dieyi Ultra-thin Switch Socket
Rating Result
G68 Dieyi Ultra-thin Switch Socket
MUSE Design Awards
MSCI ESG A
G70 Acrylic Toggle Switch Socket
Top 9 in China's Electrical Components & Equipment Industry; score
CES Innovation Awards Goneo "Infinity" Series EV Charger S&P CSA
exceeded 82% of global industry peers
Kapok Design Awards China Murora AI Voice Smart Switch C200
Wind ESG AA
SFAward Murora AI Voice Smart Switch C200
Industry-Leading Mission
Trusted Brands
Honor/Qualification Issuing/Recognizing Institution
Honors Awarding Institution
Member of China Advertising Association China Advertising Association (CAA)
2025 China's Famous Consumer Product – Ministry of Industry and Information Technology of the People's
"Era Quality Product" Republic of China
National Development and Reform Commission (NDRC) Ministry of Science
National Enterprise Technology Center and Technology Ministry of Finance General Administration of Customs
Zhejiang Provincial Department of Economy and Information
Zhejiang Digital & Intelligent Quality Product State Taxation Administration
Technology11 2025 Sustainability Report of Goneo Group Co. Ltd. 12
Sustainability
Management
As an industry-leading enterprise we remain steadfast in our commitment to corporate responsibility and are dedicated to
becoming a benchmark for sustainable development in our industry. We actively drive the Company's green transformation
and continuously generate social value. As an official member of the UN Global Compact the Company is committed to
upholding and implementing the Ten Principles across the areas of labour rights environmental protection and anti-
corruption and to collaborating with global partners to advance the sustainable development agenda.
2.Sustainability Strategy
Vision
Leader of sustainability value in the international civil electrical industry
Goneo Group has always deeply integrated sustainability into the core of its corporate strategy. In 2025 building on its existing ESG
strategy the Company continued to refine its sustainability strategy framework and further clarified the implementation path for realizing its
Strategic To implement ESG principles according to international standards establish the best ESG practices in the vision of becoming a leader in the international civil electrical industry.Goal international civil electrical industry and enhance capital market performance.At the governance level the Company has established an ESG Committee chaired by the Chairman a Business Ethics Committee
chaired by a Vice President and an Employee Care Committee chaired by the Party Secretary. Together these three committees form
an integrated ESG governance system providing overall leadership for the Company's sustainability efforts and promoting the long-term
Monitoring Continuously track performance in authoritative rating systems and questionnaires such as MSCI CSA
alignment and mutually beneficial development of corporate and social value.Indicators EcoVadis and CDP and carry out benchmarking and improvement around core material topics.During the reporting period the Company shifted the focus of its ESG work from system building to deeper business integration and
execution assurance with emphasis on three priorities. First the Company strengthened ESG internal audit management by establishing
an ESG internal audit system and clarifying the relevant standards scope and operating rules. Second it enhanced its controversy
International Certification Management Mechanism Controversy Management
management mechanism by advancing ESG controversy management and explicitly linking the handling of ESG controversy matters
Benchmarking Development Enhancement
to relevant performance assessments. Third to ensure compliance in its international operations the Company conducted in-depth
research and analysis on sustainability-related policies in the European Union and Southeast Asia with a focus on advancing the
implementation of the EU Battery Regulation and formulated clear action plans implementation pathways and phased targets to Environmental certification Hazardous substances Environmental compliance
safeguard its internationalization strategy. management controversy management
Greenhouse gas verification
Carbon emissions management Product quality controversy
Product certification management
Product quality and safety
Employee rights certification management Strike management
Three Core
Sustainable supply chain
Pillars Labour litigation controversy Compliance certification
management management
Sustainable procurement Employee rights management Financial controversy
certification management
Business ethics management
Business ethics certification Tax controversy management
Information security certification Corporate ethics
controversy management
ESG report assurance
Antitrust controversy
management
Corruption controversy
management
Major public opinion incident
management
Improve the ESG indicator management system strengthen full-dimensional closed-loop management
Capability
and continuously enhance capabilities and professional empowerment to provide solid support for strategy
Building
implementation.Deeply integrate sustainability into business layout and the entire operational process and strive to become
Impleme-
a sustainability value leader in the international civil electrical industry through stronger governance green
ntation Path
manufacturing and social responsibility practices.Sustainability Governance Sustainability Management
Measures
The Company continues to strengthen its ESG governance system improving its top-level coordination framework to higher standards
and enhancing the sophistication of governance so as to provide comprehensive and multi-level governance support for the
implementation of its sustainability strategy. In 2025 the Company further strengthened its ESG management measures across three dimensions - internal audit systems responsibility
cascading and performance assessment - thereby establishing an end-to-end closed-loop management framework covering target
Under the existing compliance governance framework the Company strictly adheres to the Company Law of the People's Republic setting responsibility implementation and outcome evaluation and advancing the systematic implementation of its ESG strategy across
of China the Code of Corporate Governance for Listed Companies the Articles of Association of the Company and other relevant all business operations.regulations. The ESG Committee is responsible for setting the strategic direction defining annual priorities and overseeing
implementation effectiveness while also coordinating the execution of the ESG strategy indicator management risk prevention and
cross-department collaboration thereby translating ESG governance outcomes into core competitiveness for the Company's high-
quality development. ESG Internal Audit System Development
ESG Governance Structure and Main To continuously meet the requirements of international market development capital market regulation society at large and other
Responsibilities at Each Level stakeholders the Company established and enhanced its ESG internal audit system. It fully incorporated ESG rating indicators key
customer ESG requirements and stock exchange compliance requirements into its audit standards. Drawing on the Plan-Do-Check-
Act (PDCA) management approach of the International Organization for Standardization (ISO) the Company established an operating
ESG Governance Primary
mechanism to promote the standardized and efficient implementation of ESG management. Based on a quantitative scoring mechanism
Level Responsibilities
the system brings core management practices—including energy and carbon management product hazardous substance management
employee rights management sustainable supply chain management and controversy management—into a unified assessment
* Research and formulate the Company's ESG management strategic plan management framework. By combining process management with result-based constraints the system translates stakeholder expectations into
structure systems and implementation rules. regularized internal audit indicators.* Identify and oversee ESG-related risks and opportunities with significant impacts on the
ESG Internal Audit Assessment Framework
business and guide management in taking appropriate response measures.* Study ESG developments in the industry assess the Company's overall ESG performance ESG Internal Audit Objective
and set annual ESG management objectives.ESG Committee * In accordance with the Company's sustainability goals strategic plans action plans and cover three business divsions in 2026 and achieve 100% coverage of all
work requirements supervise and guide the full implementation of ESG work and promote business divisions in 2027
relevant departments to deliver their responsibilities.* Determine the specific composition of the ESG Executive Office according to ESG work
needs.Process Management: Outcome Management: deduct points based on
* Review the Company's ESG report and other major ESG-related matters. score by weighting controversy incidents
* Convene regular ESG management meetings (once every six months) to hear reports
from the ESG Executive Office and business units and analyze the ESG situation.Core Focus Topics: Key Assessment Items:
* Be responsible for the Committee's day-to-day affairs and the implementation of its Energy and carbon management Media coverage and public opinion
ESG Executive resolutions including but not limited to preparatory work for the Committee's decision- Product hazardous substances Regulatory penalties
Office making day-to-day coordination meeting organization (including monthly meeting Employee rights Litigation
reviews) and execution of relevant meeting resolutions. Undertake and coordinate the Sustainable supply chain External ESG due diligence
implementation of the ESG Committee's responsibilities.Total ESG internal audit score = Process Management Score + Outcome Management Score
* Be responsible for translating and implementing the ESG Committee's decisions internally
Functional and for integrating ESG principles into business processes.Departments * Carry out ESG work to achieve or support achievement of the ESG performance of each unit.and Business
Divisions * Report ESG work progress of each unit to the ESG Committee on a regular basis and accept
the Committee's oversight and management.ESG Internal Audit Assessment Framework
Signing of ESG Accountability Letters
Objective MSCI and EcoVadis ratings
To effectively cascade ESG strategic objectives to the operational level the Company established a dual-track responsibility cascading
mechanism covering annual priority tasks and controversy management and achieved integrated management of value indicators and
controversy indicators through differentiated ESG Accountability Letters. * Vice Presidents in charge of functional lines
* Deputy Directors of the ESG Executive Office and ESG specialists
Each year based on ESG rating results and the Company's development strategy the Company conducts in-depth benchmarking against Scope
* Heads of functional departments and ESG coordinators
leading industry practices and systematically determines improvement priorities target indicators and key milestones for material topics.* Heads of business divisions and ESG coordinators
In line with the annual work plan the Company signs ESG Accountability Letters with functional departments and business divisions to
break down specific tasks and ensure that strategic objectives are cascaded through all levels with responsibilities clearly assigned to
each position.* Practical performance on sustainability-related topics
In addition the Company has incorporated nine categories of core controversy matters into the ESG Accountability Letters including
* ESG rating targets
collective labor disputes labor administrative penalties EHS compliance financial and tax compliance antitrust integrity compliance Indicators
* Internal and external ESG-related controversy events
major public opinion incidents arising from violations related to information disclosure and capital operations product safety and quality
and information security and privacy protection. For each matter the responsible entity supervising department and accountable person
are clearly defined. In this way ESG controversy management responsibilities are cascaded to functional departments and business units
Weight ±20%
throughout the organization forming a closed-loop management mechanism of "prevention before the event control during the event
and accountability after the event" and continuously enhancing the Company's sensitivity in identifying controversy risks and its response
capabilities.* ESG target indicators are subject to a negative assessment mechanism; failure to meet the targets will
result in performance deductions.ESG Performance Assessment * ESG value indicators assess performance in sustainability-related initiatives with rewards for strong Mechanism
performance and penalties for underperformance.* ESG red-line indicators are subject to a veto mechanism; in the event of any controversy incident
During the reporting period the Company made strengthening its controversy management mechanism a key focus of ESG management. performance deductions will be imposed on the accountable department(s) and responsible
It systematically reviewed risk exposures reinforced management accountability at all levels and established an ESG performance individual(s).assessment mechanism centered on red-line indicators and value targets thereby building a more forward-looking and efficient risk
control system and shifting ESG risk prevention from passive response to proactive prevention.In terms of ESG performance assessment and the internal audit mechanism the Company continuously optimized its assessment rules
by setting practice indicators around four core topics—energy and carbon management product hazardous substance management
employee rights management and sustainable supply chain management—and conducting a comprehensive assessment in conjunction
with controversy indicators. Assessment results are directly linked to the performance-based compensation of management and heads of
In 2025
relevant departments.The coverage rate of core departments The completion rate of tasks set out in the ESG
signing ESG accountability letters accountability letters
100% 100%Sustainability Targets and
Tracking
The Company has established an integrated management mechanism for sustainability targets carrying out end-to-end tracking and During the reporting period the Company achieved further improvement in its ESG ratings. Its MSCI ESG rating rose three notches from B
regular assessments in line with its medium- and long-term development priorities. It has also incorporated controversy management to A while its Wind ESG rating improved from BBB to AA reflecting improvement across multiple mainstream ESG rating systems.targets and progress in issue resolution into a unified management system. Through closed-loop management and continuous
optimization the Company ensures the effective implementation of its sustainability initiatives.Topic Contribution to the Achievement
Value Theme Red-line Target Value Target 2025 Progress
Category UN SDGs Status
Business * Zero business ethics controversy events * Continuous improvement of the business * A full three-year coverage cycle has been ?
Integrity and subject to external regulatory action ethics and compliance management achieved. During the reporting year 20 internal
Compliance * Zero compliance-related controversy system audits on business ethics were conducted covering
events subject to external regulatory * 100% business ethics training coverage 42.1% of all operating units.action
* Full coverage of business ethics audits for * Employee coverage rate of business ethics training * Zero finance- and tax-related controversy
events operating units every three years
reached 100%.* Zero antitrust controversy events
* Zero integrity-related controversy events
* Zero major reputational incidents arising
Steady Progress from violations related to information disclosure
for Long-term or capital operations
Development
Privacy * Zero data leakage incidents involving * Continuous improvement of information * Both the New Energy Business Division and the ?
and Data information systems security safeguards Data Center Business Division obtained ISO
Security * Zero information security and privacy * Strengthened compliance management 27001 Information Security Management System
protection controversy events subject to of business systems and personal certification and ISO 20000 IT Service Management
regulatory action information processing System certification.* Zero customer privacy breaches * Improved foundations for data security and * Compliance review coverage before go-live for new
privacy protection business systems involving personal information
* Enhanced maturity of information security processing reached 100% .* No information security incidents or customer
privacy breaches occurred.* Installed photovoltaic capacity reached15.37MW.Data Security * Zero supply chain or business * Achieve 15 MW of installed photovoltaic
Approximately million kWh of green ?
and Privacy interruption incidents caused by climate capacity in 2025 and continue to increase
8.978
electricity was procured through the integrated
Protection change the share of green electricity green certificate and electricity procurement
* Actively expand the new energy business model.* Maintain a high level of investment in new
energy R&D * The share of green electricity reached 11.31% .Steady Progress
Sustainable * The photovoltaic installation rate at production bases
Growth in the Cixi region reached 100% .* Investment in new energy R&D accounted for 9.5%
of the total revenue of the new energy business.* No business interruption incidents caused by
acute climate events occurred.Topic Contribution to the Achievement
Value Theme Red-line Target Value Target 2025 Progress
Category UN SDGs Status
Pollutant Emissions * Zero incidents of illegal discharge of * Enhanced environmental management * A total of 11 entities of Goneo Group and its
Effective advancement of pollution wholly owned subsidiaries obtained ISO 14001 and Waste wastewater exhaust gas or waste * ?
Environmental Management System certification
Management prevention and waste management
with a certification coverage rate of 84.62%
* Strengthened waste recycling
covering all of the Company's principal businesses* Promotion of the circular economy
* Two national-level green factories and one
provincial-level green factory
Advancing Green * The compliance rate for wastewater waste gas
Development and waste discharges reached 100%
* The proportion of thermoplastics reached 100%
* The recycled volume of copper raw materials exceeded
27000 tonnes that of aluminum raw materials
exceeded 1000 tonnes and that of plastic raw
materials exceeded 2400 tonnes
* The comprehensive utilization rate of general industrial
solid waste reached 93.89%.* A total of 11 entities of GoneO Group and
Trusted * Zero major product quality * Enhanced product quality and safety its wholly-owned subsidiaries obtained ISO ?
Products incidents management 14001 Environmental Management System
* Zero product safety and quality * Strengthened hazardous substance certification with a certification coverage rate of
controversy incidents management and end-to-end quality 84.62% covering all of the Company's principal
control businesses.* Continuous reinforcement of customer trust
* Four entities obtained QC 080000 certification.through stable quality performance and
safety management capabilities * The first-pass rate for HSF finished product
hazardous substance testing reached 100%.* Hazardous substance compliance coverage
reached 100%.* The timely submission rate of suppliers' HSF test
reports for components reached 100%.Value * No administrative penalties were imposed in
Co-creation relation to quality issues and no major customer
complaints occurred.* The signing coverage rate of the Integrity Co-
Sustainable * Zero major supply chain-related risk * Enhanced supply chain ESG management building Agreement reached 100%.Supply Chain incidents * Strengthened supply chain risk prevention
?
* A total of 135 suppliers underwent ESG and control
assessment and evaluation. The signing rate
* Enhanced collaborative integrity
for suppliers' conflict minerals self-declarations
management across the supply chain
reached 100%.* Among the 135 key tier-1 suppliers which accounted
for 76.96% of the Company's procurement
spending 78.52% had obtained ISO 14001
certification.* No suppliers were required to undertake
rectification due to negative ESG impacts.Topic Contribution to the Achievement
Value Theme Red-line Target Value Target 2025 Progress
Category UN SDGs Status
* The signing rate for collective agreements reached 100%.Human Capital * Zero discrimination or harassment * Enhanced employee experience and * Non-salary benefit coverage reached .Development 100%incidents organizational development ?
* Full coverage of non-salary benefits for all * The internal job fill rate reached 48.4%.employees * The overall coverage rate of employee rights-related training
* Control of the gender pay gap within ±5% reached 100%.by 2030 for men and women at the same job
* Employees received compensation exceeding three times the
grade and position
local minimum wage.* Strengthened talent development and long-
term incentives * Female employees accounted for 36.2% of the workforce
and the proportion of women in senior management
* Enhanced employee satisfaction and
increased by 33.3% year on year.organizational vitality
* The gender pay gap for men and women at the same job
grade and position was kept within 7%.* Average online training hours per employee reached 7.5
hours.* Employee satisfaction reached a score of 91.55.* A total of 11 entities of the Group and its wholly owned
Enhanced occupational health and safety subsidiaries obtained ISO 45001 Occupational Health and Occupational * Zero major safety accidents * Safety Management System certification with a system ?
Health and Safety management
coverage rate of 84.62% covering all of the Company's * Strengthened risk prevention and safety
People-oriented principal businesses.performance management
* Reinforced foundations for safe production * Total investment in occupational health and safety
exceeded RMB 7 million.* Employee safety training coverage reached 100%.* A total of 690 ERT drills were conducted.* The control rate for hazardous chemicals reached 100%.* The closure rate for major chemical risks reached 100%.* Occupational health examination coverage reached
100% and the examination coverage rate for positions
exposed to occupational disease hazards also reached
100%.
* The injury rate per million working hours was 0.81
representing a year-on-year decrease of 25%.* The incidence rate of occupational diseases among
employees was 0.* The number of work-related fatalities was 0.Rural Revitalization * Continued support for rural revitalization and * Total investment in social welfare amounted to ?
and Community community development creating social RMB 31.975 million.Contribution value through public welfare livelihood
* Total investment in education exceeded RMB 11
improvement and regional development million.* Investment related to rural revitalization exceeded
RMB 17 million benefiting approximately
115900 person-times.25 2025 Sustainability Report of Goneo Group Co. Ltd. 26
Steady Progress
Sustainable Growth
Goneo continues to optimize its corporate governance structure improve its management systems and policy framework
strengthen risk management and control uphold business ethics reinforce information security enhance the quality of
information disclosure and promote compliant and sound operations ensuring that all decisions are well-founded lawful
and transparent.
3. SDGs addressed in this chapter:Material sustainability topics covered in this chapter:Compliant Operations and Risk ManagementBusiness Ethics
Data Security and Customer Privacy ProtectionCorporate Governance Governance System
In strict accordance with the requirements of 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 the Rules Governing the Listing of Stocks on the Shanghai
The Company adheres to the governance principles of compliance efficiency and transparency. It has established a governance Stock Exchange and other applicable laws and regulations the Company has established a governance structure composed of the
structure centered on the General Meeting of Shareholders the Board of Directors and senior management forming a management General Meeting of Shareholders the Board of Directors and senior management. This has formed a coordinated and balanced
mechanism with clear rights and responsibilities effective checks and balances and coordinated operations. The Company attaches mechanism among the authority body decision-making body supervisory body and management featuring clear powers and
great importance to shareholder rights and interests strengthens investor relations through multiple channels improves information responsibilities close cooperation and efficient operation.disclosure fully protects investor interests and promotes steady corporate development.In 2025 the Company continued to revise its management systems and detailed implementation rules forming a "1+2+N" governance
framework consisting of the Articles of Association rules of procedure for shareholders' meetings and board meetings and various
specialized governance policies. This framework covers the Articles of Association the Goneo Public Opinion Management System
the Goneo Shareholding Change Management System for Directors and Senior Management and the Goneo Internal Audit System
among others and has contributed to a more scientific and comprehensive institutional system. During the reporting period the Company
upgraded its governance structure by eliminating the Supervisory Board and transferring its functions to the Audit and Risk Committee.It also carried out a comprehensive review and centralized revision of its existing governance systems revising 20 policies including the
Rules of Procedure for the General Meeting of Shareholders and formulating one new policy the Public Opinion Management System.1At
present the Company has established a dynamic update mechanism for its systems revising them in a timely manner in response to
changes in the market regulations and business models so as to ensure that they remain aligned with its actual operations.The Board of Directors has established four special committees:
the Strategy Committee the Nomination Committee the
Remuneration and Assessment Committee and the Audit Audit and Risk
Committee
and Risk Committee. Each committee performs its duties in
accordance with the Articles of Association and the mandates
delegated by the Board. Among them the Audit and Risk
Nomination
Committee exercises the powers of the Supervisory Board Committee
Board of
as stipulated in the Company Law of the People's Republic of
Directors
China. All committee members are directors with independent
directors forming the majority. Except for the Strategy Remuneration and
Committee all other committees are chaired by independent Assessment Committee
directors. The Audit and Risk Committee is chaired by a finance
and legal expert thereby ensuring the professionalism and
independence of the committees. The Board is responsible for Strategy Committee
formulating working rules for the committees to regulate their
operation and proposals submitted by the committees are Goneo Board Structure
subject to review and approval by the Board.Members of the Board actively participated in internal and external training on compliant operations and information disclosure to further
enhance the Board's governance capabilities. For more information on corporate governance detailed profiles of Board members and
remuneration and performance please refer to the 2025 Annual Report of Goneo Group Co. Ltd.In 2025 the Company convened
3 General Meetings of 7 meetings of the Board 5 meetings of the Boards 1 special meeting of
Shareholders of Directors special committees independent directors
1Goneo Public Opinion Management System http://static.cninfo.com.cn/finalpage/2025-12-30/1224903095.PDFBuilding on 30 Years—Engaging in Open
Diversity and Independence Investor Communication Case Dialogue with Investors about the Future
Upholding the core philosophy of ensuring sound and impartial corporate decision-making and safeguarding the interests of all The Company places great importance on the interests of all In March 2025 marking the 30th anniversary of the
shareholders the Company has established mechanisms to promote Board diversity and independence. Directors are appointed in strict shareholders and adheres to the principles of truthful accurate Company's founding Caitong Securities together with the
compliance with relevant regulations with comprehensive consideration given to diversity in terms of gender age ethnicity nationality complete timely and fair information disclosure. In strict Shanghai Stock Exchange and the Investor Service Center
cultural and educational background professional experience knowledge and skills thereby continuously enhancing the Board's diversity. compliance with applicable laws and regulations including visited Goneo Group to host the "I Am a Shareholder"
In accordance with applicable laws regulations and regulatory requirements the Company appoints independent directors clarifies their the Rules Governing the Listing of Stocks on the Shanghai investor education event. Investors toured the Company's
duties and authorities and standardizes their performance procedures. The Company's independent non-executive directors have no Stock Exchange and the Administrative Measures for the exhibition hall and production workshops gaining an up-
relationship with Goneo its controlling shareholders or its actual controllers that could affect their independent and objective judgment. Information Disclosure of Listed Companies the Company has close look at its innovative products and green intelligent
They are able to provide independent and impartial opinions on major decisions thereby ensuring sound and transparent corporate formulated the Investor Relations Management System the manufacturing processes across three business segments:
governance. Market Value Management System and the Public Opinion electric connection smart electrical lighting and new
Management System. Through multiple channels including energy. During the subsequent discussion the Company's
The Company's directors possess professional backgrounds and expertise in strategic management financial management risk its official website the Shanghai Stock Exchange website the management addressed investor concerns in detail
management electrical machinery manufacturing sustainable development and other fields enabling them to provide strong support for SSE e-Interaction platform new media telephone fax and covering development strategy industrial layout dividend
the Company's strategic planning operational decision-making and risk management thereby contributing to its long-term development. email as well as through shareholder meetings performance policy and other topics. This event established an effective
briefings roadshows analyst meetings and investor reception communication platform between the Company and
activities the Company has established a multi-dimensional investors enhancing mutual understanding and trust.Risk Management Legal Industry communicat ion mechanism with investors enabl ing Independent Finance
Board Members Gender
Director Expert Expert Expert Expert constructive interaction with the capital market and enhancing
information transparency.Liping Ruan Male
Xueping Ruan Male In addition to further strengthen the mechanism for protecting investor rights and interests the Articles of Association stipulate that when
the General Meeting of Shareholders deliberates on major matters affecting the interests of minority shareholders the votes of minority
Shengsong Liu Male
shareholders shall be counted separately and the results of such separate vote counting shall be disclosed in a timely manner.Zhenghua Zhou Male
Weiwei Xie Male In 2025
Wenchuan Zhou Female
The Company published 183 It held 3 performance briefings Zhen Chen Female
announcements and other online including 1 live-streamed performance
Gang Li Male disclosure documents. briefing on the Shanghai Stock Exchange
platform.Jianbin Li Male
It received 5 group research visits from It organized 6 internal training sessions on
investment institutions. information disclosure and investor relations
management.As of the end of the reporting period the Board comprised nine members.
23
2 female directors 3 independent directors
representing 22.2% representing 33.3%
Honors and Awards
Received an A rating in information disclosure evaluation from the Shanghai Stock Exchange for the fourth consecutive year.
7 male directors 6 directors with industry
representing 77.8% experience representing Selected as an Outstanding Practice Case for Annual Report Performance Briefings of Listed Companies.
7666.7%
Won the 16th Tianma Award for Investor Relations of Listed Companies.Compliance Operations and Risk Decision-making body Board of Directors
Management Reviews major risks faced by the Company and the status of their management; determines overall risk management objectives risk appetite and risk tolerance; and makes decisions on effective risk control.First line of defense Second line of defense Third line of defense
The Company continues to improve its comprehensive risk management and internal control systems. By establishing a systematic Implementing departments Management body Supervisory body
and normalized risk management mechanism covering the entire process it effectively identifies assesses and responds to various
Functional departments and
risks thereby providing solid support for its steady operations and sustainable development. Risk management department Audit and Risk Committee
business units
* Responsible for business * Organizes and implements risk * Guides supervises and evaluates Risk Analysis risk management within their management work advances the the Company's risk management
respective areas of responsibility development and operation of the risk work and reviews major risk
implementing risk management
Against a backdrop of increasingly stringent domestic and international regulatory requirements a complex and rapidly changing market management system organizes risk early warning mechanisms and
processes identifying major risks
environment and continuously rising stakeholder expectations systematic risk management has become a cornerstone of the Company's assessments and response actions emergency response mechanisms.major incidents and key business
sustainable development. The risks faced by the Company span multiple dimensions including compliance and regulation operations conducts special inspections and
processes and formulating and
and supply chain products and quality environment and safety information and privacy and employee rights and interests. Failure to coordinates relevant departments in implementing control measures;
effectively identify and manage these risks could lead to regulatory penalties operational disruption brand damage and weakened market * establish risk monitoring indicators formulating control measures.competitiveness materially affecting the Company's long-term value. conduct routine monitoring regularly
carry out self-inspections on
In response the Company has established a risk management mechanism covering all business lines incorporated ESG-related topics major risk matters and issue risk
into its routine risk identification and assessment processes continuously carried out risk monitoring and assessment in key areas and management reports.developed corresponding management measures. Detailed risk analyses and response measures for each topic are provided in the
relevant chapters of this report.During the reporting period the Company integrated and upgraded its risk management processes and control framework further
Strategy and Objectives advancing integrated risk management across the Group and establishing a unified risk management framework covering all levels all
business segments and the entire process.The Company strictly complies with relevant laws and regulations and with reference to the COSO Enterprise Risk Management The Company incorporated climate-related risks supply chain management risks product quality and safety risks and other key areas
Framework and the Basic Standards for Enterprise Internal Control continues to optimize institutional documents such as the Risk into its Group-wide comprehensive risk management system implementing unified identification assessment response and monitoring.Management System and the Internal Control Management System in light of key business risk areas. In formulating its overall strategic objectives and medium- to long-term development plans the Company comprehensively considers
the status and trends of major risks deeply embeds risk management and control into strategy formulation business planning and daily
With compliance at the core the Company has established a risk management framework that emphasizes strong internal control operations and continuously enhances its risk governance capabilities and operational resilience to support high-quality and sustainable
promotes compliance and prevents risks thereby safeguarding sound operations. As the core supervisory and guiding body for the development.Company's risk management the Audit and Risk Committee reports directly to the Board and provides key support for major risk-related
decisions. During the reporting period the Company further strengthened the coordination mechanism among key risk management In addition adhering to the principle of balancing risk management and operational effectiveness the Company has built a control system
personnel conducted monthly reviews of risk identification and control gaps improved the mechanisms for risk identification assessment covering all business scenarios. While consolidating traditional areas such as integrity in materials procurement and management and
response monitoring early warning and reporting of major matters and continuously enhanced the effectiveness of risk governance. product quality it has strengthened the coordinated management and control of risks related to new businesses and sustainability
and integrated risk awareness into all activities. Driven by annual targets the Company requires business divisions to conduct risk
assessments on a regular basis (at least once every six months) forming material risk lists for topics such as business ethics and
occupational health and safety. For key businesses and high-risk projects the Audit and Supervision Center takes the lead in establishing
special task groups to formulate practical control measures and continuously improve management effectiveness through a closed-loop
process of self-inspection review and improvement.During the reporting period the Company also initiated the development of compliance management systems aligned with ISO 37301 and
GB/T 35770 continuously improving its compliance governance structure under the guidance of international standards and domestic
regulations.Risk Targets and Performance
FY2025 ESG Target 2025 Performance Status
Zero external regulatory compliance incidents 0 AchievedThe Company has established a regularized risk management process consolidating risk information into five categories—strategic Emerging Risk Identification
risk financial risk market risk operational risk and legal risk—to form the Group's risk map. Building on its internal control system it has
established a full-process identification and assessment mechanism covering pre-event in-process and post-event stages thereby
Emerging Risk Description Potential Impact Response Measures
embedding risk management throughout its internal control processes.Intensified geopolitical rivalry and O n t h e d e l i v e r y s i d e t h e Establish a dynamic policy
Risk Management Process
the rise of trade protectionism C o m p a n y m a y f a c e c r o s s - tracking mechanism for key
m a y l e a d t o a d j u s t m e n t s i n border logist ics disrupt ions markets optimize compliance
Risk Identification tariff barriers in target markets and customs clearance delays; p r o c e s s e s a n d r e d u c e
tighter technology controls or on the cost side it may come business interruption and cost
Based on daily operations business collaboration and internal audit results the Company continuously identifies key Geopolitical
disruptions to regional supply u n d e r d u a l p r e s s u r e f r o m pressure caused by sudden
risks across the value chain including climate supply chain and product quality and safety risks and consolidates Risk
chains affecting the steady higher tariffs and increased policy changes.records and archives them in a unified manner. Risks are categorized into five major types—strategic financial market
advancement of the Company's compliance investment; and on
operational and legal—to form the Group's risk map.global expansion strategy. the operational side it may need
to address uncertainties arising
Risk Assessment and Classification from changes in local laws and
regulations and exchange rate
The Company conducts unified assessment and classification of identified risks comprehensively evaluating the fluctuations.probability and impact of each risk and clarifying control priorities to provide a basis for targeted response measures.T h e d e e p a p p l i c a t i o n o f A I If deviations in adaptive dimming E s t a b l i s h a f u l l - l i f e c y c l e
technologies in products such algorithms cause eye discomfort safety evaluation mechanism
Risk Response and Management
as smart electrical lighting and o r i f d a t a c o l l e c t i o n b y A I f o r s m a r t p r o d u c t s
Based on the results of risk assessment and classification the Company formulates tailored control measures clarifies healthy l ighting may due to voice control systems is non- strengthen data compliance
Artificial
responsible parties and response plans breaks down tasks by risk area assigns them to the corresponding business algorithm bias non-compliant compliant product experience p r o t e c t i o n a n d r e g u l a r l y
Intelligence
departments and implements coordinated response and closed-loop management. data collection or increasingly m a y d e c l i n e a n d b r a n d conduct algorithm reviews
Technology
str ingent technology ethics r e p u t a t i o n m a y b e h a r m e d ; and vulnerability remediation.Risk
Risk Planning and Strategy scrutiny give rise to product
lagging technological iteration
safety hazards and regulatory may also weaken the market
In light of the current status and trends of risk control the Company fully incorporates major risks into the Group’s compliance risks. c o m p e t i t i v e n e s s o f h e a l t h y
overall development planning to ensure that strategy formulation and business planning fully take risk factors into lighting products.account and support the sound implementation of strategy.Intensified global climate change Production bases may suspend I m p r o v e t h e e m e r g e n c y
and the increasing frequency of operations or reduce output due response system strengthen
During the reporting period the Company further upgraded its risk management system and operating mechanisms and established a extreme weather events such to extreme weather logistics and disaster prevention capabilities
dual-driven model comprising a financial internal control business partner team and a business internal control team. Through this model as heavy rainfall and heatwaves transportation may be disrupted at product ion bases and Extreme
it identified control gaps in business processes on a monthly basis promoted timely rectification by business units and compiled and pose threats to the Company's resulting in delivery delays and establish a more diversified Weather Risk
continuously updated a list of major risks. The finance function also issued monthly risk early warning bulletins enabling risk management production operations and supply energy consumption and disaster supply chain structure to
and control to become more routine and refined. Financial business partners conducted monthly inspections in strict accordance with the chain stability. prevention costs may increase. disperse risks.Risk Inspection Checklist and the Mandatory Checklist which were regularly updated in line with business changes thereby improving the
standardization and accuracy of risk identification.To strengthen risk management and control over new business divisions and emerging businesses the Company enhanced front-end risk
oversight. Through monthly risk identification issue escalation and the issuance of financial early warning bulletins by financial business
partners it continuously improved processes and systems during business operations. Taking the Data Center Business Division as a
practical example the Company developed a replicable and scalable model for risk management and control in new businesses.Meanwhile the Company continued to monitor changes in the external environment proactively identifying emerging risk areas such as
geopolitical developments and technological evolution assessing their potential impacts in a targeted manner and formulating response
measures to enhance its resilience and proactive risk prevention capabilities in the face of uncertainty.Management Measures During the reporting period the Company conducted internal audits in strict accordance with internal control standards comprehensively
covering all business areas and management processes. Through systematic audit reviews it identified 26 key issues during the year
and promptly launched targeted rectification and accountability measures. By improving systems and policies optimizing processes
During the reporting period the Company continued to improve its internal control system and audit mechanisms promoting a closed- and strengthening controls the Company recovered approximately RMB 20 million in economic losses. The coverage rate of root-cause
loop process for risk identification assessment and rectification. At the same time it deepened the development of an enterprise-wide remediation for high-risk issues reached 100% further enhancing the robustness and effectiveness of the internal control system and
risk culture embedding risk management and control awareness across all business levels and fostering a proactive approach to risk providing solid support for the Company's sound operations.management.
(1) Risk Internal Control and Audit (2) Risk Culture Development
The Company is committed to fostering a risk and internal control management culture characterized by full employee participation
With reference to relevant internal control guidelines and based on its risk database and response strategies the Company
integration throughout the entire business process and a focus on compliance and prudent operations. During the reporting period
systematically reviewed its business processes and developed a risk control matrix covering risk descriptions control measures
the Company carried out tiered risk management training providing courses and practical training for directors supervisors senior
process documentation testing procedures and job responsibilities. These were compiled into the Internal Control Manual on the
management managers at all levels and frontline business personnel thereby continuously enhancing professional capabilities.basis of which the Company has established a sound internal control system. The Company also revises the Internal Control Manual
Across the Group the Company promoted employee education on risk culture clarified individual risk responsibilities and broke down
on an annual basis to continuously refine and improve its internal control system ensuring that it remains aligned with business
management responsibilities to the smallest business units ensuring full coverage and implementation at every level. At the same time
development and risk management needs.risk-related agenda items were incorporated into the routine work of directors strengthening Board-level coordination and oversight
The Finance Management Center is responsible for coordinating and advancing the day-to-day operation of the internal control of risk management and embedding risk awareness into all aspects of corporate governance.system and for establishing improving effectively implementing and evaluating the Company’s internal control system. Meanwhile
At the Group level guided by the Annual Internal Control Performance Assessment Rules the Company continued to present awards
the internal control teams of each business division and functional (business) center are responsible for implementing internal controls
such as the Annual Internal Control Management Award and the Outstanding Improvement Project Award while granting the title
in their respective areas forming a tiered management and control structure featuring Group-level coordination and business-level
of Outstanding Internal Control Supervisor to high-performing individuals thereby encouraging employees to explore fundamental
execution.solutions to high-risk issues in their daily work. During the reporting period the Company also established a dedicated internal control
category on the "Niu Ren Pai" platform and launched the Risk Prevention Award badge to encourage employees to proactively report
Risk Internal Control Management Structure issues and participate in routine internal control assessments thereby fostering a strong atmosphere of broad participation in risk
prevention and control.Finance Management Center Overall coordination of the internal control system In addition based on their respective business needs business divisions implemented their own evaluation mechanisms across seven
major business cycles including R&D procurement and production with awards such as the Outstanding Internal Control Cycle
Business divisions and functional
Implementation of internal controls in their respective business areas Award and the Outstanding Internal Control Specialist Award further stimulating frontline engagement in internal control. Meanwhile
(business) centers
the Company continued to enhance its knowledge-sharing platform and promoted the replication and dissemination of best practices
through improvement sharing sessions and methodology seminars thereby strengthening the internal control foundation for the
Company's sound development.To reduce the risk of failures in internal control risk identification and deficiency determination the Company has established a full-cycle
inspection and evaluation mechanism covering annual evaluations quarterly inspections and monthly self-assessments. Led by the
internal control teams of the business divisions cross-checks are carried out across business processes to identify high-risk issues In 2025
in depth. A combination of individual interviews walkthrough tests on-site inspections and sample comparisons is applied in monthly
internal control self-assessments to comprehensively verify the reasonableness of internal control design and the effectiveness of its
training hours related to risk and compliance totaled
operation. At the same time each business unit is required to prepare documents such as the Internal Control Assessment Information
Ledger and the Internal Control Inspection Issue Improvement List in a standardized manner. The results of internal control assessments 1156 hours
are also directly linked to performance evaluation thereby strengthening accountability and forming a closed-loop management process
of "issue identification-targeted remediation-continuous improvement."
During the year the Company achieved a critical transformation from responding to individual issues to building a systematic framework by
for the first time carrying out Group-wide compliance inspections covering six core business modules: corporate governance intellectual
property contracts market competition overseas operations and labor employment. By developing compliance lists and setting targets
it compiled the Compliance Risk List and established clear compliance management objectives. Through a model combining 100% self-
inspections by business departments with targeted sample inspections by the Legal and Compliance Department the Company enhanced
compliance awareness across business functions while accurately identifying high-risk areas. Through continuous improvement and
closed-loop management it initiated 55 risk assessment processes during the year continuously tracked improvement plans and initially
established a supervisory closed loop of "identification-assessment-improvement-verification."During the reporting period the Company implemented a “decentralized and coordinated” integrity management model under which
Business Ethics each business department independently took responsibility for integrity development within its own area while the Audit and Supervision Center focused on handling and verifying integrity-related reports promoting integrity culture and implementing anonymous integrity
rewards thereby ensuring effective separation between supervisory and execution powers and forming a integrity management structure
with checks and balances.Goneo has always regarded business ethics as the foundation of its operations. Upholding the principles of integrity transparency
and fairness the Company embeds ethical standards into its governance decisions and corporate culture responds to stakeholder Business Ethics Management Structure
expectations through a high standard of self-discipline and continuously consolidates the trust foundation for sustainable
development. Board of Directors
Supervision and The highest body responsible for business ethics management overseeing the Company's business
Decision-making ethics system development anti-corruption and anti-bribery efforts and related risk management
Risk Analysis and control and ensuring close alignment between strategic direction and compliance requirements.Ethics and Compliance Committee
Business ethics is an important component of the Company's compliance management system. In its own operations the Company has A dedicated committee under the Board of Directors that reports directly to the Board and serves as
established corresponding internal control and information disclosure mechanisms in accordance with regulatory requirements while Overall Coordination the central coordinating body for business ethics management. Chaired by a Group Vice President
continuously improving business ethics-related systems. At the supply chain level the Company sets clear expectations for the business and Management it oversees the overall strategic planning and major decisions related to business ethics and anti-
ethics standards of partners through supplier onboarding assessment and contractual arrangements. Overall risks related to business corruption / anti-bribery work.ethics remain under control with no material violations or regulatory penalties occurring during the reporting period while the Company's
internal culture of compliance has continued to advance.Executive Office of the Ethics and Compliance Committee
Implementation and Led by the Audit and Supervision Center it is responsible for optimizing the anti-corruption system
Strategy and Objectives improving related mechanisms and conducting follow-up oversight. Its duties include anti-Execution
corruption policy development corruption risk self-inspection and auditing cooperation with third-
party investigations and the organization of compliance training.The Company strictly complies with national and local laws and regulations including the Anti-Unfair Competition Law of the People's
Republic of China the Interim Provisions on Prohibition of Commercial Bribery and the Anti-Money Laundering Law of the People's
Republic of China covering matters such as the prevention of bribery extortion fraud money laundering and unfair competition. In line All business divisions functional departments and business units
Company-wide
with these requirements and with reference to international standards and industry best practices such as the Ten Principles of the United Integrate compliance requirements related to business ethics and anti-corruption into daily business
Implementation
Nations Global Compact and the United Nations Guiding Principles on Business and Human Rights the Company has formulated internal processes to ensure full participation across the organization.policies and mechanisms including the Code of Business Ethics1 the Supplier Code of Conduct2 the Anti-Corruption Policy3 the Supplier
Anti-Corruption Policy4 the Integrity Management Provisions the Conflict of Interest Policy5 and the Antitrust Compliance Management
System. These documents define the basic principles codes of conduct and approval procedures governing business interactions with
In addition the Company tailors its integrity culture communication to different target groups by producing dedicated short videos and
stakeholders with a view to promoting ethical business conduct and supporting sustainable development.graphic materials to communicate key integrity requirements to all employees carrying out regular warning education through typical
Guided by its core principles of business ethics the Company has incorporated objectives related to integrity in operations anti-corruption cases incorporating integrity training into the mandatory onboarding process for new employees and conducting dedicated integrity
and anti-bribery into its comprehensive risk management system and established a four-tier business ethics management structure training for core suppliers thereby extending its integrity requirements further upstream along the value chain.consisting of Board-level supervision committee-level coordination execution office implementation and full participation by business
units.Business Ethics Targets and Performance
FY2025 ESG Targets 2025 Performance Status
Business ethics training coverage
100% Achieved
reaches 100%
Full coverage of business ethics audits A full three-year coverage cycle has been achieved.During
for operating entities within a three- the year 20 internal business ethics audits were conducted Achieved
year cycle covering 42.1% of all the Company's operating entities
Zero administrative penalties related to No administrative penalties related to monopolistic conduct
Achieved
monopolistic conduct occurred during the year
1Code of Business Ethics of Goneo Group Co. Ltd.https://gnstaticcdn.gongniukaiguan.net/uploadfile/2025/1118/20251118084746258.pdf
2Supplier Code of Conduct of Goneo Group Co. Ltd. https://gnstaticcdn.gongniukaiguan.net/uploadfile/2025/0828/20250828041515453.pdf Zero business ethics disputes subject No business ethics disputes subject to external regulatory
3Anti-Corruption Policy of Goneo Group Co. Ltd.https://gnstaticcdn.gongniukaiguan.net/uploadfile/2025/1118/20251118084704137.pdf Achieved
to external regulatory action action occurred during the year
4Supplier Anti-Corruption Policy of Goneo Group Co. Ltd.https://gnstaticcdn.gongniukaiguan.net/uploadfile/2025/0828/20250828041908315.pdf
5Conflict of Interest Policy of Goneo Group Co. Ltd.https://gnstaticcdn.gongniukaiguan.net/uploadfile/2025/0828/20250828042355625.pdfBusiness Ethics Development Path
Management Measures
Integrity organisation development
The Company has established a closed-loop risk management and control system around four core measures: business ethics audits
Responsibility
business ethics surveys whistleblower protection and integrity culture development. Through audits the Company identifies process Business departments independently organise and carry out integrity development initiatives under
Building and
risks; through surveys it gains insights into potential issues and evaluates the current state of business ethics; through a sound the leadership of department heads. The Supervision Department focuses on receiving and verifying
Closed-Loop
reporting mechanism it obtains timely feedback; and through sustained culture building it strengthens the line of ethical defense. integrity-related reports and complaints and feeds the investigation results back to business
Oversight departments through supervision and accountability mechanisms thereby promoting a closed-loop
To further support high-quality and sound business development continuously reduce opportunities for fraud in critical processes management process.and reinforce the bottom line of compliance and risk control the Company continued during the reporting period to conduct corruption
risk identification and assessment root-cause rectification and supplier business ethics audits in accordance with relevant internal
1 Routine Internal Control Special Inspection Routine Internal Control policy documents such as the Anti-Corruption Policy of Goneo Group Co. Ltd.
Assessment and Mechanism for High- Assessment and
Evaluation Mechanism Risk Business Areas Evaluation Mechanism
* Full-Process Radar * stablishment and Rolling Issue * Integrity Development
The Company has established a dual-line coordinated business ethics operating model featuring primary responsibility of the Scanning Updates of the Top Ten Risk
Identification Process: Focusing on Risks
business line and coordinated advancement by the audit line under which responsibility for business ethics development and List
Mechanism * Issue Reporting
of Human Intervention and
audit rectification is focused on the heads of first-level departments promoting the effective translation of audit outcomes into Assessment and Incentive * Review and Summary of Completing Identification
Root-Cause Analysis and
stronger management capabilities. Mechanism Historical Cases
Measure Validation
Integrity Reporting
The business line assumes primary responsibility for *
development and rectification
Heads of first-level departments act as the primary accountable persons responsible for organizing special rectification Establish a Risk Resolution Mechanism
project teams conducting root-cause analysis formulating rectification plans and action plans and establishing internal
* Avoid points of human intervention by replacing manual operations with automated and digitalized
periodic inspection mechanisms so that rectification measures are embedded in business processes or systems to form a Risk Resolution processes
long-term management and control mechanism. Mechanism
* For unavoidable manual operation points establish operating standards and rules
The audit line assumes functions of coordinated * Identify incompatible positions and adjust responsibilities accordingly
advancement and evaluation
It organizes reviews of major audit issues participates in root-cause analysis and the formulation of rectification plans Integrity Culture Building for All Employees
conducts inspections and warnings at key rectification milestones and carries out monthly five-level evaluations of
* Establish reward mechanisms including anonymous rewards for issue reporting
rectification results from the two dimensions of timeliness and effectiveness (breakthrough / improvement / inertia / lagging / Integrity Culture
derailment). Evaluation results are reported at the Group’s monthly meetings to ensure that rectification does not become a for All Employees * Provide integrity education and training for new employees during onboarding
mere formality.* Deliver integrity training for personnel in high-risk positions
* Conduct integrity training for suppliers
1Anti-Corruption Policy of Goneo Group Co. Ltd.https://gnstaticcdn.gongniukaiguan.net/uploadfile/2025/1118/20251118084704137.pdf(1) Business Ethics Audits (3) Whistleblower Protection
During the reporting period the Company conducted in-depth business ethics audits covering the Company's own operations and The Company has formulated the Management Provisions for the Acceptance and Handling of Complaints through Integrity Reporting
suppliers around core high-risk areas achieving full coverage of key risk links and further enhancing its integrity risk prevention and Channels established multiple reporting channels strictly limited the scope of access to information maintained the confidentiality of
control capability. reporting information protected whistleblowers and imposed severe penalties for any disclosure of whistleblower information.Full audit coverage of functional departments and primary operating entities
The Company's Audit and Supervision Centre is responsible for handling reports and complaints
Audit Targets within a three-year cycle
related to the following business ethics violations: fraudulent acts improper transfer of benefits
Scope of
Full audit coverage of core suppliers within a three-year cycle conflicts of interest non-compliant banquets entertainment activities travel hospitality Whistleblowing
and acceptance of gifts. Complaints not related to business ethics are transferred to the
Acceptance
relevant functional departments or business divisions for case filing and investigation and the
investigation results must be reported back to the Audit and Supervision Centre.Internal Business Ethics Audits
During the reporting period the Company conducted 20 internal business ethics audits covering eight functional departments * Employees may file reports anonymously or under their real names and the Company
and first-level business divisions as well as 20 business links. The coverage rate of operating units reached 42.1% continuously encourages real-name reporting.advancing the three-year full-coverage target. Among these the Company carried out operational audits in high-risk and critical * Reports must be based on facts and presented objectively and fairly. Fabrication distortion
areas such as distributor management operations management and supplier quality management achieving 100% coverage of facts malicious false accusations defamation or threats against others are strictly
of key control points identifying 14 medium- and high-risk issues and three low-risk issues and finding no substantiated prohibited.integrity violations upon verification. In response to audit findings the Company formulated three dedicated rectification plans * Whistleblowers may provide leads and evidence and cooperate with investigations.Whistleblowing
and established process tracking and closed-loop inspection mechanisms to ensure the effective implementation of rectification Methods and Whistleblowing Channels
measures and continuously improve corporate governance and compliance management. Requirements
Email: jubao@gongniu.cn
In addition during the year the Company innovatively introduced AI technology to strengthen market order governance Hotline: 18368220776
and marketing policy monitoring driving the optimization and upgrading of audit models and improving the precision of risk WeChat official account : Gongniu Integrity
identification through intelligent tools. WeChat account : gongniusjjc
Website: www.gongniu.cn
Address: West of Guanhaiwei Town Industrial Park Cixi CityZhejiang Province
* An independent office has been established and whistleblowing channels are managed
Supplier Business Ethics Audits independently.Taking high-risk links in supplier cooperation processes as entry points the Company carried out reverse audits of supplier * Whistleblowing leads are handled by designated personnel through one-to-one single-
integrity risks with the coverage rate of core supplier reviews reaching 84.67%. line communication.* Whistleblowing information is anonymised before assignment to ensure that the
During the reporting period audit work focused on two high-risk processes: supplier performance evaluation and supplier price- whistleblower's identity is not disclosed.difference management. Combining process interviews sample checking and cross-analysis the Company examined key risk
Disclosure of information relating to whistleblowers and assisting personnel is strictly
points such as compliance in implementing supplier delivery and quality scoring the adequacy of reasons for price differences * Confidentiality prohibited and retaliation in any form is strictly forbidden.and the implementation of control measures after price differences arose. The audits reviewed the performance assessment and Protection
results of 116 suppliers and identified two medium-risk issues and one low-risk issue and reviewed the price-difference Mechanism *
Regular audits are conducted on the whistleblowing confidentiality processes and related
management of 16 suppliers and identified two medium-risk issues and one low-risk issue. Upon verification neither audit mechanisms to verify the effectiveness and appropriateness of confidentiality measures.substantiated any integrity issue and the related issues have been incorporated into improvement plans for rectification. * Whistleblowing records are archived in confidential cabinets under the custody of
designated personnel to ensure the integrity security and confidentiality of the materials.* Anonymous reporting is permitted and unauthorised verification of the whistleblower's
handwriting IP address or other identifying information is prohibited.
(2) Business Ethics Surveys * Any misconduct or illegal acts such as malicious false accusations and framing are dealt
with seriously in accordance with the Company's relevant regulations.During the reporting period the Company conducted anti-corruption electronic questionnaire surveys among employees and suppliers * The Company adopts a zero-tolerance policy toward retaliation following any
to assess the current status of its anti-corruption governance. Employee questionnaires focused on corruption kinship relationships whistleblowing report.and abuse of power for personal gain while supplier questionnaires focused on issues such as banquets and entertainment as well as
improper transfer of benefits. * Investigators may as appropriate update reachable whistleblowers on case progress and
Feedback
provide timely feedback on the results after case closure.A total of 2435 employee questionnaires were collected with an average score of 9.08 while 320 supplier questionnaires were and Reward * Where a report is verified to be substantiated the Company grants a special integrity reward
collected with an average score of 9.85. The results indicate that the Company's integrity climate is positive and continues to improve. Mechanism to reachable whistleblowers.In 2025
Integrity Reporting and Confidentiality Procedures
100% of suppliers signed integrity 100% coverage of conflict-of-interest
Real-name or anonymous clue feedback agreements declarations for new employees
Whistleblower
No negative incidents related to business ethics during the year
* Formulate confidentiality measures
* A place where case-related information is not disclosed
* No description of the case source
The Company regularly provides business ethics training to all employees (including contractors and interns) through a combination
* Compensate the whistleblowers and case-related personnel who of online learning platforms and offline thematic training integrating integrity-at-work requirements throughout the employee
have been retaliated against
career cycle and strengthening awareness of ethical conduct across the workforce. At the same time it carries out targeted training
* Verify and handle the behavior of leaking the information of
on procurement prohibitions for internal procurement personnel clearly defining "red lines" and imposing mutual constraints on
whistleblowers and case co-investigators
Company personnel and suppliers alike.Clue Clue Investigation Result Integrity Archive CorrectionSupervision and and End With respect to anti-monopoly compliance the Company provided anti-monopoly training for core business departments in hardware acceptance allocation feedback reward filing
Department treatment improvement channels e-commerce and decoration clarifying the definition of monopolistic conduct potential risks relevant legal provisions and
Self-treatment legal liabilities thereby consolidating the compliance foundation of each business segment.* Formulateconfidentiality * For feedback provided For suppliers and distributors the Company has strengthened integrity control through multiple measures. It conducted anonymous
measuresThe under real names or
Refer to the business surveys on suppliers' perception of the Company's integrity efforts to listen to their views and suggestions. Through a combination of
whistleblowers' anonymouwhistleblowing
department for treatment with contact information online and offline methods such as supplier conferences and information notices on supplier platforms it carried out routine business information shall not
bedisclosed without their the Supervision ethics communication and also provided offline integrity training for distributors guiding them to uphold the bottom line of clean
consent * Department will assign cooperation.a dedicated person to
provide feedback
Investigation and treatment Key Performance
* Formulate confidentiality measures
Business * The whistleblowers' information shall
Departments Employee
1 coverage rate for business ethics training reached %
not be disclosed without their consent 100
Average hours of business ethics training received by employees2: 1.37 hours
Average hours of business ethics training received by directors: 1 hour
Number of directors receiving business ethics training (including training on the Code of Conduct and integrity): 6
(4) Integrity Culture Development Coverage rate of offline business ethics training for core suppliers reached 100%
The Company continued to deepen integrity culture development and build a comprehensive integrity education and communication Average hours of offline business ethics training received by core suppliers: 1 hour
system covering employees suppliers and distributors thereby reinforcing the foundation for compliant operations. During the
Coverage rate of integrity awareness communication for core suppliers (including contractors): %
reporting period the Audit and Supervision Center organized dedicated study sessions on integrity-related systems and continuously 100
promoted communication on key integrity requirements to different target groups through various forms including warnings based on
Coverage rate of training on the confidentiality mechanism for employee whistleblowing: 100%
integrity cases integrity-themed short videos and graphic materials and on-site integrity training ensuring that integrity concepts
were effectively communicated at all levels of the organization. Coverage rate of training on the conflict of interest policy: 100%
The Company implemented a declaration system for interest relationships for new employees upon onboarding enabling
comprehensive identification of internal interest relationships; for incumbent employees it conducted regular business ethics audits to
identify and control risks. On the supply chain side the Company embedded business ethics training into the admission and evaluation
processes for suppliers distributors and contractors (see the "Sustainable Supply Chain" section for details) and signed the Integrity At the same time the Company continuously innovated its integrity communication methods by producing short videos integrity posters
Co-construction Agreement with partners to promote understanding and recognition of the Company's integrity philosophy thereby and articles covering diverse business ethics and clean conduct topics such as the exercise of power material management business
jointly building a transparent and integrity-based cooperation ecosystem internally and externally. interactions use of expenses and anti-corruption so as to ensure that integrity concepts take deeper root among employees.
1Including contractors and interns. The Company does not employ part-time employees.
2Including contractors and interns. The Company does not employ part-time employees.Business Ethics Data Security and Privacy
Policy Response Management Approach
Risks
The Company requires all employees and third parties Protection
* . Integrity commitment mechanism for all
(entities and individuals) engaged in business activities
employees: All employees are required
with the Company to comply with and uphold its anti-
to sign the Commitment Letter on Goneo regards information security as the strategic foundation supporting digital operations and privacy protection as a core commitment corruption integrity and clean governance policies and
requirements so as to avoid commercial bribery and foster Integrity in Employment upon joining the to stakeholders. Through a systematic management framework and a responsible approach the Company continuously strengthens the
Anti-corruption
a fair transparent and honest working and business Company which serves as a mandatory foundation of trust and safeguards sustainable development.environment. The Company continues to improve its risk appendix to the labour contract.management and internal control systems to prevent and
reduce corruption risks and maintains zero tolerance for * . Pre-employment compliance training Risk Analysis
any form of bribery and corruption. requirement: Employees must complete
the Company's business ethics training
The Company has established a sound conflict of interest and pass the compliance knowledge With the growing adoption of AI technologies and increasingly interconnected supply chain data security threats such as cyberattacks
management mechanism set specific management assessment before confirmation of malware intrusion and internal data leakage are becoming more complex. These threats may lead to the leakage of core production data
Avoiding objectives clearly defined circumstances constituting employment. trade secrets and sensitive supply chain information thereby affecting business continuity and customer trust. In the area of personal
conflicts of conflicts of interest standardised employee conduct
* . Annual compliance refresher training information protection failure to strictly regulate the collection storage and use of consumer privacy data may violate laws and regulations interest effectively prevented and controlled potential risks and
safeguarded the legitimate rights and interests of the requirement: All employees are required such as the Personal Information Protection Law giving rise to customer complaints regulatory penalties and reputational damage. At the
enterprise and all stakeholders. to participate in annual business ethics same time as the Company expands overseas it must also respond to increasingly stringent requirements on cross-border data transfers
refresher training organised by the and cybersecurity compliance in different countries and regions.Preventing The Company requires all employees and partners to Company.insider trading comply with laws and regulations related to insider trading. During the reporting period the Company continuously strengthened its information security management system and technical protection
* . Conflict of interest avoidance and
capabilities and no disputes related to information security or privacy protection occurred.The Company strictly complies with all applicable anti- reporting requirement: Employees
money laundering and anti-fraud laws and regulations
Anti-money are required to recuse themselves
in the countries and regions where it operates and upon becoming aware of any conflict
laundering and undertakes that neither the Company nor its employees will of interest and complete the required
anti-fraud engage in participate in or assist any third party in illegal
reporting procedures before engaging
money laundering or fraudulent activities.in any business or activity that may give
The Company firmly opposes all acts that violate fair rise to such conflict.competition. Before procurement it clearly defines
procurement requirements and discloses relevant * . Exit audits for high-risk positions:
information publicly to ensure that all suppliers compete The Company reserves the right to
under uniform standards. All business partners are conduct exit audits and investigations
likewise prohibited from engaging in any conduct that may for employees in positions with high
Fair hinder fair competition such as exclusive agreements business ethics risks upon resignation.competition restrictive competition agreements or other similar
arrangements. The Company has established a supplier * . Integrity co-building policy for business
direct communication platform to provide feedback cooperation: The Company requires
channels respond to enquiries and handle complaints in a all suppliers and distributors to sign the
timely manner thereby making every effort to ensure a fair Integrity Co-building Agreement.and transparent procurement process.* . Antitrust and competition compliance
The Company has established and improved its internal risk inspection: The Company adopts
anti-monopoly compliance system to maintain a fair market a dual approach of self-inspection
Anti-monopoly environment. It strengthens compliance management and legal spot checks to achieve
through routine inspections market visits and field comprehensive control over antitrust
research process optimization and anti-monopoly risks.compliance reviews.Case "Goneo" Trade Name Protection Case Selected as a Guiding Case by the Supreme People's Court
During the Reporting Period in the unfair competition dispute case brought by the Company against Bull King (Shandong)
Technology Development Co. Ltd. the Supreme People's Court clarified in its retrial judgment that registering another party's
well-known trade name as an enterprise name constitutes an act of confusion and the Company ultimately prevailed. The case
was selected as one of the 2025 typical anti-unfair competition cases published by the Supreme People's Court effectively
reinforcing the exclusivity of the Company's brand and demonstrating its active efforts in intellectual property protection and fair
competition governance.To support high-quality sustainable and healthy business development Goneo continues to improve its information security strategy
Strategy and Objectives system and strengthen its information security technical capabilities focusing on the implementation of key projects such as host security
and a unified O&M access portal thereby comprehensively enhancing the Company's information security protection and compliance
assurance capabilities.The Company strictly complies with laws and regulations on privacy protection and information security in the countries and regions where
it operates including the Personal Information Protection Law of the People's Republic of China the Data Security Law of the People's Goneo Information Security Strategy Framework
Republic of China the Law of the People's Republic of China on the Protection of Consumer Rights and Interests and the EU General Data
Protection Regulation (GDPR). With reference to information security management standards such as ISO/IEC 27001 and GB/T 20984 the
Company has formulated institutional documents including the Industrial Control System Information Security Management Measures the Supporting and Escorting the
Information Security Risk Assessment Management Specification and the Information Security Incident Management Procedures and Healthy and Rapid Development of the Business
continuously improves its ability to resist external attacks prevent data leakage and ensure compliant operations.We have established an information security management system in which the decision-making management and execution levels are Defending against external attacks Preventing the leakage of core data Nsuring compliant business operations
interconnected and all departments participate collaboratively integrating information security work into the overall corporate governance
framework. The Information Security Committee as the highest decision-making body for Group-wide information security work is Capability of Information-Security Technologies
chaired by a member of the Board of Directors. It is responsible for overseeing the strategic direction of information security reviewing Risk Assessment and Control
medium- and long-term development plans and annual budgets approving relevant rules and regulations and making decisions on major
information security incidents. Defence against external attacks
Application Security Industrial Control Security Terminal Security
At the same time we established the Executive Group of the Information Security Committee to implement the Committee's decisions and
specifically promote risk control and remediation supervision development of technical assurance systems investigation of security risks Internal vulnerability management Application protection Antivirus Antivirus
and compliance audits. It also continuously carries out information security communication training and assessment for all employees so Application watermark Industrial control Data leakage prevention
visualization
as to deepen security awareness throughout the organization. The Executive Group holds monthly meetings and the Committee conducts Threat monitoring / situational awareness Security scanning Standardization
Security scanning
one systematic review each quarter thereby forming a closed-loop management mechanism that combines regular reviews with dynamic Unified authentication External device
Unified authentication
response. management
The Company will continue to improve its information security and privacy protection measures and systematically and institutionally Business Continuity and
promote participation by all employees to build a prevention-oriented information security management system that comprehensively Emergency Respons
safeguards the information security of the Company and relevant stakeholders.Business continuity assurance System Security Network Security Development Security
Security baseline Security baseline Code security
Goneo Information Security Committee Structure
Emergency drills Host security Network isolation Interface security
Fortress machine Inter domain protection Security scanning
* Reviews the medium- and long-term development plan annual plans Emergency response and recovery Log management Zero trust Privacy assessment
and budget for information security
* Guides the development of the information security management
Decision-making Information security management system:
Level system and provides resource support organizational structure policies & procedures information security culture construction
* Approves rules regulations and evaluation plans
Information Security Committee * Advances the resolution of key and difficult issues in information security Information security operation system:
management emergency drills security audits advocate & training penetration testing
* Reviews major information security incidents
To effectively identify assess and evaluate information security risks the Company has formulated the Information Security Risk
* Prepares the medium- and long-term development plan annual plans Management Specification. Following the overall approach of " risk assessment - risk identification - risk analysis - risk rating - risk
and budget for information security treatment - risk acceptance" the Company selects appropriate measures on the premise of balancing control effectiveness and feasibility
* Is responsible for information security risk control and supervises risk so as to keep information security risks within an acceptable level.Management and remediation
Execution Level * Is responsible for the development and enhancement of technical
Executive Group of the safeguards for information security Information Security Risk Management Process
Information Security Committee * Organises information security inspections risk identification and audits
Existing
of information security work across departments
Preparation for risk Communication and Threat identification security measures
* Investigates and handles various information security incidents Asset identificationassessment coordination and detection identification and
* Organises company-wide management activities related to information detection
security communication guidance training and examinations
Event treatment
Coo协rd作in支at持io层n and * Implement information security requirements cooperate with inspections
Vulnerability
process Risk assessment Evaluation process Risk analysis and
identification and
Support Level audits and rectification and participate in training and communication (feedback to the and treatment document calculation detection
starting point)
All Business Departments activitiesInformation Security Risk List
Key Risk Areas Main Management Measures
During the reporting period the Company continued
Information Security Management Certification of Information Technology Service
to improve its information security certification system. System Certification Management Service Management Certification
N0：84025IS20726R0MC N0：8402025ITSM453R0MNC
GONEO GROUP CO.LTD.Information asset Record review identify and classify information assets with authorization and approval required Both the New Energy Business Division and the Data
GONEO GROUP CO.LTD.Organization Code: 91330282671205242Y Organization Code: 91330282671205242Y
* Register Address: East Industrial Park Guanhaiwei Town Cixi City Zhejiang Province . Register Address: East Industrial Park Guanhaiwei Town Cixi City Zhejiang Province .Operating Address: Building 1 3rd Floor (IT Business and Technology Department) Operating Address: Building 1 3rd Floor (IT Business and Technology Department)
Building 3 Area D 2nd Floor (New Energy Business Department) Building 6 5th Floor Building 3 Area D 2nd Floor (New Energy Business Department) Building 6 5th Floor
management and Center Business Division obtained certification under
(New Energy Business Department Human Resources Center) No. 258 Guanfunan Road (New Energy Business Department Human Resources Center) No. 258 Guanfunan Road
West Zone Guanhaiwei Town Industrial Park Cixi City Ningbo City Zhejiang Province; 2nd
for use external disclosure disposal and destruction; establish access control and protection West Zone Guanhaiwei Town Industrial Park Cixi City Ningbo City Zhejiang Province; 2ndFloor Administrative Building H Building 3rd Floor (Data Center Business Department) Floor Administrative Building H Building 3rd Floor (Data Center Business Department)
No. 32 Sanhai Road Guanhaiwei Town Cixi City Ningbo City Zhejiang Province No. 32 Sanhai Road Guanhaiwei Town Cixi City Ningbo City Zhejiang Province
protection the ISO 27001 Information Security Management
Is in conformity with: Is in conformity with:
ISO/IEC 20000-1:2018
measures for equipment and server rooms. ISO/IEC 27001：2022Certification scope: Certification scope:
System and the ISO 20000 Information Technology Information security management related to the design and Providing external customers with technical support for electric
development of electric vehicle charging stations energy storage vehicle charging stations energy storage equipment PDUs and busbar
equipment cabinet aisles row-end cabinets precision air conditioners systems as well as information technology service management
Service Management System. uninterruptible power supply (UPS) systems PDUs and busbar systems activities related to maintenance
(SOA: GNJT-ISMS-IM-002 Version: V1.0)
Date of issue: 2025-11-10 Date of valid: 2028-11-09
Date of issue: 2025-11-20 Date of valid: 2028-11-19
* Sign confidentiality agreements with employees and third-party personnel providing services
to the Company (including suppliers) and assess monitor and manage related risks; conduct
Information security background checks on personnel in key positions; provide internal and external training on data
management for privacy and security to employees related parties and suppliers to strengthen security awareness
employees and related and capabilities; monitor review and regularly assess information security and privacy compliance
parties risks related to cloud services; maintain close communication with regulators law enforcement ISO 27001 Certification ISO 20000 Certification
authorities and industry associations to stay updated on the latest regulatory requirements and
industry developments and continuously improve information security management.Information Security Targets and Performance
Cybersecurity * Segregate different network zones establish security strategies for connections to external
management networks and implement an operation approval system.FY2025 ESG Targets 2025 Performance Status
System development * Implement security management throughout the entire system development lifecycle and conduct Number of information security-related data leakage incidents: 0 0 incidents Achieved
and operational security information security and privacy protection reviews at key development milestones; audit operating
management systems and establish security management standards to safeguard system installation and
operation.Zero customer privacy leakage incidents 0 incidents Achieved
Access control *
Establish physical and logical access control strategies; follow the principles of segregation of duties
and least privilege; implement encryption authorized access and regular reviews of user access
management
rights for all staff. Economic losses caused by data security incidents and customer
RMB 0 million Achieved
privacy leakage incidents: RMB 0 million
* Collect and analyse relevant threat intelligence and identify assess remediate and monitor related Technical vulnerability
vulnerabilities;
management Number of substantiated complaints concerning customer 0 cases Achieved –
* Install patches for authorised software. privacy: 0
* Establish mechanisms and procedures for reporting responding to and handling information
Number of external regulatory incidents related to information
security incidents data leakage incidents and privacy violations; 0 incidents Achieved
Information security security and privacy protection: 0
* enhance the prevention and monitoring of information security incidents through the application
incident
of threat intelligence artificial intelligence technologies access control whitelists or blacklists
management
vulnerability detection attack simulation testing and machine and system drills;
* classify and manage information security incidents based on the importance of the information and
carriers involved loss assessment and scope of impact under a three-level grading system.(3) Information Security Training
Management Measures
Goneo continuously strengthened its information security and compliance capabilities in 2025 through multi-dimensional and diverse
The Company continuously deepens its data security and privacy protection management system across three dimensions—business communication and training activities thereby reinforcing the security line of defense for all employees.continuity assurance customer privacy compliance and information security capability building—thereby effectively enhancing its
In terms of compliance certification the Company organized dedicated training on European cybersecurity certification and specialized
information security resilience and compliance management level.information security training for Ningbo Banmen Electric focusing on the latest EU cybersecurity regulations (such as EN 303 645 /
RED Article 3.3) and product compliance standards such as the EU Digital Markets Act thereby systematically enhancing the team's
technical capabilities and compliance awareness and ensuring the smooth entry of products and businesses into the European market.
(1) Business Continuity and Security Protection
In terms of awareness enhancement the Company carried out information security awareness training for all employees clarifying
During the reporting period the Company steadily advanced business continuity management and security testing. During the year security operation standards and specific requirements in day-to-day work through scenario-based teaching and assigning
it conducted two business continuity disaster recovery drills covering 68 major business systems with a coverage rate of 67% information security responsibilities to individuals. The training also communicated the latest developments in China's cybersecurity
effectively validating the applicability of contingency plans and improving emergency response and business recovery capabilities. regulations helping employees clearly understand the regulatory evolution and compliance requirements from the Cybersecurity Law
At the same time it conducted four penetration tests and two attack-and-defense drills covering the Group and all subsidiaries. The to the Personal Information Protection Law so that all employees understand the law observe the rules and uphold the bottom line.overall risk rating was low and no high-risk incident was identified.In terms of security communication relying on the internal platform "Feishu Niuren Knowledge Account" the Company released
At the same time the Company comprehensively deployed data encryption control measures. All employees use Huatu encryption dedicated security recommendations on the prevention of the "Silver Fox" virus. In response to industry-wide risks such as phishing
software for encrypted data management. External data transmission must be decrypted with approval from superior management attacks and malicious files disguised as legitimate files it highlighted disguising patterns and typical incident cases and used graphic
and all decryption actions are logged and traceable effectively preventing the risk of unauthorized third-party access to data and materials and scenario-based alerts to guide employees to remain vigilant against unknown QR codes suspicious links and actions
comprehensively safeguarding the security of the Company's data and information systems. not initiated by themselves thereby strengthening cybersecurity awareness and emergency response capabilities across the
workforce.
(2) Customer Privacy Management
In 2025 as the Company's digital strategy accelerated new business systems such as Muguang AI Smart Health Lighting New
Energy AI Energy Management and the Data Center were launched one after another involving the collection and processing of large
amounts of user data. The Company's privacy compliance assessment mechanism has fully covered the above AI-related business
systems focusing on key stages such as voice data collection electricity consumption data collection and cross-border data transfer
and reviewing aspects including the lawful basis for data processing user authorization encrypted storage de-identification and
third-party sharing controls thereby ensuring that user privacy and data security are fully protected.In addition to further strengthen the management of customer privacy information Goneo optimized the application system launch
management process in 2025 by adding a dedicated compliance assessment checkpoint for the collection and processing of personal
information thereby establishing a full-process privacy compliance control mechanism. All new business systems involving the
processing of personal information must pass a privacy compliance review covering the full data lifecycle before they can be officially
launched. "Silver Fox" Malware Prevention and Control Initiative
Information Security
Awareness Training
The compliance review comprehensively covers key aspects of personal information management including the lawful basis for
collection implementation of the principle of minimum necessity and fulfillment of user notification obligations in the collection stage;
purpose limitation user profiling and compliance of automated decision-making in the use stage; retention period requirements
encryption protection and security control measures in the storage stage; as well as compliance review in scenarios involving
entrusted processing sharing transfer and public disclosure of personal information. In this way the Company ensures that the entire
process complies with relevant privacy protection requirements.During the reporting period this privacy compliance control mechanism was effectively implemented. A total of three compliance In 2025
self-assessments were completed for business systems involving the collection of personal information and all reviewed projects
strictly complied with the Personal Information Protection Law of the People's Republic of China the Data Security Law of the People's
Number of data security and privacy Employee coverage rate for data
Republic of China the Cybersecurity Law of the People's Republic of China and other relevant laws regulations and regulatory
protection training sessions conducted: security and privacy protection training:
requirements. As of the end of the reporting period the reviewed business systems were operating stably after launch with no
customer privacy data leakage incident and no notification or rectification order from regulators fully demonstrating the effectiveness 3 100%
soundness and forward-looking nature of the assessment mechanism and effectively safeguarding customer privacy rights and
interests.53 2025 Sustainability Report of Goneo Group Co. Ltd. 54
Advancing Green
Development
Goneo Group deeply integrates the philosophy of green development into every stage of its industrial chain. Grounded
in science-based pollution and waste control the Company continues to advance the use of safer raw materials
cleaner production waste recycling and resource utilization and the low-carbon energy transition. At the same time the
Company is accelerating the integrated innovation of digital and intelligent technologies with environmental management.Through measures such as green procurement eco-design and circular packaging Goneo Group works with upstream
and downstream partners to jointly build a green supply chain and is committed to becoming a benchmark for green
manufacturing in the global civil electrical industry.
4. SDGs addressed in this chapter:Material sustainability topics covered in this chapter: Climate Change Energy Use Pollutant Emissions and Waste Management Water Resource Management Circular Economy Ecosystem and Biodiversity Protectionbatches and therefore the priority for inclusion is lower. Based on the pattern of progressive extension of carbon regulation to the eight
Climate Change major regulated industries the Company is expected to be included during the 16th Five-Year Plan period. As of the reporting period the
Company had already proactively carried out carbon accounting for Scope 1 Scope 2 and Scope 3 Category 1 emissions. The photovoltaic
Response installation coverage rate at the Company's operating bases in Cixi Ningbo reached 100% and the Company's overall green electricity usage ratio increased to 11.31% (up 3.4 percentage points year on year). Operational carbon emissions intensity showed a steady
downward trend laying the groundwork for inclusion in the carbon market in the medium term (3-10 years). In addition at the product level
the Company carried out carbon footprint accounting and certification for five products in traditional core categories such as sockets and
The Company regards climate change response as a strategic priority
lighting.for its long-term development and deeply integrates low-carbon
transition into operational management and business innovation. Overseas transition risks primarily stem from green trade barriers in export destination markets and carbon requirements from key
Through systematic governance and forward-looking planning the customers across supply chains. The EU has already implemented a series of regulatory rules including the Battery and Waste Battery
Company continues to explore pathways for climate action and work with Regulation (EU 2023/1542) and the CBAM carbon border adjustment mechanism while international core customers are gradually
stakeholders to build a sustainable future. tightening requirements for product carbon footprints. From a risk timeline perspective the short-term risk is compliance with the EU
Battery Regulation. If carbon footprint declaration and the establishment of battery passport systems for energy storage products are not
completed on time export orders may be affected. Medium- and long-term risk exposure will increase in line with the pace of overseas
Risk Analysis business expansion and is expected to demonstrate overlapping policy technology and market characteristics. If the CBAM scope
expands and the Company lags in low-carbon product deployment the total cost of exported products and growth opportunities in
segmented markets may be affected. (See the "Transition Risks" section for details.)
With reference to the TCFD framework and ISSB (IFRS S2) standards
the Company has fully incorporated climate change into its corporate risk Based on the above analysis the electrical machinery and equipment manufacturing industry to which the Company belongs has not yet
management system. The Company identified and assessed climate- been included among the eight major regulated industries under the national carbon market. Domestic climate compliance risks remain
related risks over the short term (1-3 years) medium term (3-10 years) extremely low in the short term (1-3 years) overall exposure to climate transition risk in overseas business is relatively limited physical
and long term (10-30 years) and analyzed their material impacts on the risks are controllable and climate resilience is strong. These factors are not expected to have a material adverse impact on the Company's
Company's business model financial position and strategic resilience. current operating performance or financial position.In terms of physical risks the Company's core production capacity is As of the reporting period the Company had incorporated climate risks into its overall strategic management and control system. Led by
concentrated in its Cixi Ningbo manufacturing base. Based on public the ESG Committee the Sustainable Development Department conducts annual climate risk screening and assessment across the value
data from the Zhejiang Climate Center and the Ningbo Meteorological chain forming a full-process management mechanism featuring precise localized prevention and control of physical risks and proactive
Bureau the major climate exposures in Cixi include typhoons and tropical global response to transition risks based on the layout of core production bases and the structure of the Company's international business.cyclones storm surges in Hangzhou Bay and extreme heat. In 2025 the (See Sections Strategy and Targets and Management Measures for details.)
number of days with temperatures above 35° C in Cixi Ningbo reached
55 days and the region was affected by 3-5 typhoons on average during
the year. The potential impact of extreme climate events on production Risk Identification Process
and operations therefore requires continued attention. At present the
production facilities at the Company's Cixi Ningbo base have been Climate risk identification
constructed to withstand Level-11 typhoons. The drainage system at
the production base can cope with a once-in-50-years extreme rainfall Goneo Group continuously conducts climate risk identification focusing on key links in operations and the value chain
event. Emergency water storage facilities totaling 54.71 million cubic systematically assessing climate-related risks and potential opportunities and incorporating them into the Group's
meters (for domestic and firefighting water) have been established. All routine risk management to provide stable support for a green and low-carbon transition.production bases are 100% equipped with uninterruptible power supplies
(UPS) diesel generators and other emergency power sources. Bases Climate risk assessment and prioritization
in Cixi Ningbo Huizhou and Shanghai are 100% covered by all-risk
property insurance with coverage including losses caused by extreme Based on industry characteristics and business layout the Company systematically evaluates and prioritizes identified
climate events such as typhoons and storms. No production suspension climate-related risks and opportunities focusing on the probability of occurrence scope of impact and potential
occurred during typhoon events in 2025 indicating an industry-leading financial effects thereby clarifying risk management priorities. Under different climate scenarios the Company
level of climate resilience. (See the "Physical Risks" analysis for details.) conducts quantitative financial impact analysis and incorporates assessment results into the Group's overall risk
management and business decision-making system to provide data support and a basis for decision-making on low-
In terms of transition risks according to the National ETS quota allocation
carbon transition and risk response.plan for the steel cement and aluminum smelting industries for 2024 and
2025 issued by the Ministry of Ecology and Environment in November
Climate risk response
2025 carbon emissions compliance under the national carbon emissions
trading market has been expanded beyond the power generation sector
Based on identified climate-related risks and opportunities the Company under the leadership of the ESG Committee
to include the steel cement and aluminum smelting industries. The
organizes functional departments and business units to formulate targeted response measures and action plans and
electrical machinery and equipment manufacturing industry to which the
integrates climate risk prevention and control emergency management and related work into day-to-day operations
Company belongs is not among the eight major regulated industries; its
and business planning continuously enhancing climate resilience and sustainable development capacity across the
overall carbon emissions intensity and emissions volume are significantly
entire value chain.lower than those of the industries included in the first two expansionClimate Scenario Analysis Transition Risks
Transition RisksFor transition risks the Company used three transition scenarios released by the IEA.Based on the recommendations of the TCFD and the climate standards guidance (IFRS S2) issued by the ISSB the Company further
deepened its climate analysis. The Company referred to authoritative climate scenarios published by the Intergovernmental Panel on
Climate Change (IPCC) and the International Energy Agency (IEA) to conduct stress testing and examined the potentially material Projected Global Average
impacts impact mechanisms and time horizons of different categories of climate risks on the Company's business strategy and financial Climate Scenario Scenario Type GHG Emissions Trend/Description Temperature Increase by 2100
planning.Illustrates a pathway for the global energy
Physical Risks
sector to achieve net zero CO – emissions
For physical risks the Company selected four major future climate change scenarios under the Shared Socioeconomic Pathways b y 2 0 5 0 w i t h a d v a n c e d e c o n o m i e s
Normative Scenario
(SSPs) released by the IPCC. reaching the goal earlier and energy-
IEA NZE Scenario for Net Zero Approx. 1.5° C
related sustainable development goals
Emissions by 2050
b e i n g a c h i e v e d c o n s i s t e n t w i t h t h e
Projected Global Average
Climate Scenario Scenario Type GHG Emissions Trend
Temperature Increase by 2100 emission reduction targets in the IPCC
Sixth Assessment Report
High Climate
SSP 5-8.5 Increases threefold by 2075 3.3 - 5.7℃
Change Scenario Reflects the emission reductions required
for countries to achieve announced net
Announced Pledges zero targets by 2050 based on the latest
Medium-High Climate IEA APS Scenario Approx. 1.7° C
SSP 3-7.0 Doubles by 2100 2.8 - 4.6℃ Scenario commitments announced up to the end of
Change Scenario August 2023 and assuming full and timely
implementation
Stabilizes at the current level before 2050
Moderate Climate
SSP 2-4.5 and then declines by 2100 but does not 2.1 - 3℃ Reviews the current policy landscape
Change Scenario
reach net zero to understand the mainstream direction
IEA STEPS of energy system development without
Stated Policies Scenario Approx. 2.4° C
Scenario assuming that announced policies and
Low Climate targets will necessarily be achieved and
SSP 1-2.6 Declines to net zero by 2050 1.3 - 2.4℃
Change Scenario evaluates a broad range of policies
During the reporting period under different climate scenarios and based on the geographic locations and business conditions of
each production base the Company conducted quantitative analysis of climate risks assessed their financial impacts and made a
comprehensive assessment of the extent of climate impacts identifying the following material physical and transition risks.Risk Type Time Description of Value Chain Potential Response
Physical Risks Horizon Potential Risks Impact Financial Impact Measures
During the reporting period the Company conducted regular comprehensive assessments and ongoing monitoring of climate-
Extreme heat Short * High temperatures may * Own production * Increased * Formulate emergency
related physical risks systematically identifying potential climate risks and opportunities facing its principal business. Based on
medium trigger power rationing and operations production and plans and response
current operations and regional climate characteristics the Company comprehensively reviewed the transmission mechanisms
Flash drought and long restricting production management costs procedures for extreme
and impact severity of extreme weather events (such as typhoons heavy rain and high temperatures) on the Company's * Upstream value
term capacity and affecting heat and carry out
manufacturing bases logistics network and supply chain and formulated targeted response measures. The assessment shows chain * Reduced operating
Water shortage schedules of projects heatstroke prevention
that the Company's overall physical risk remains at medium- low- or no-risk levels and is generally controllable. On this basis incomeunder construction drills to improve
the Company continuously optimizes its physical risk response capacity incorporates extreme weather and similar factors into * Asset impairment emergency response
Drying trend * Sudden extreme heat
project site selection and daily operations improves emergency plans and conducts regular drills to ensure rapid response. losses capacity
increases health and
In addition the Company further hedges potential losses by purchasing property insurance and taking similar measures to
Warming trend safety risks for outdoor * Increased capital * Strengthen fire
safeguard business continuity and stability and continuously enhance climate resilience. workers expenditures prevention measures
and regularly inspect
* Prolonged high * Increased
and maintain firefighting
temperatures lead non-operating
facilities and equipment
to higher energy and expenditures
and conduct fire drills
Physical Risk Inventory electricity use
* Equip emergency Long-term water
Risk Type Time Description of Value Chain Potential Response
*
water storage facilities
Horizon Potential Risks Impact Financial Impact Measures shortages and drought regularly inspect
may affect normal
cooling water circulation
production and result in
Extreme Short * Typhoons and strong * Own production * Increased * Formulate typhoon systems and carry
additional maintenance
precipitation medium winds may damage and operations production and prevention emergency out water-saving
costs for water pipelines
and long factories equipment management costs plans and response awareness activities.* Upstream value and infrastructure.Tropical cyclones term and other fixed assets
procedures such as
chain * Reduced operating
and lead to property the Flood and Typhoon
income
losses and personal Prevention Management
River and coastal
safety incidents * Asset impairment Measures
flooding
losses
* Strong wind and *
Continuously track
meteorological warnings
Wind speed trends heavy rain may * Increased capital
and issue alerts in
disrupt transport or expenditures
advance;activate
damage transport
Sea level rise * Increased emergency plans before
infrastructure
non-operating heavy rainfall or strong
affecting supply chain
expenditures winds implement
logistics preventive measures
* Flooding and sea level and ensure safety
rise may damage or inspections have been
inundate factories completed
equipment and * Carry out risk
inventory assessments for extreme
Prolonged excessive precipitation typhoons *
and similar events
humidity may corrode
prepare adequate flood-
or mildew materials
control materials and
and inventory and may
conduct emergency drills
also cause production
line failures * Optimize drainage water
supply and wastewater
* Long-term increases treatment facilities and
in wind speed may install cut-off valves at
aggravate the risk of discharge outlets
structural damage
* Continue to optimize to suppliers’
supplier diversification
factories and
and promote backup
outdoor equipment
suppliers for single-
driving up operating
source suppliers in high-
and maintenance
risk areas.costs and affecting
continuity of supply.Risk Type Time Description of Value Chain Potential Response
Transition Risks Horizon Potential Risks Impact Financial Impact Measures
Against the backdrop of global industries actively advancing low-carbon transition to address climate change identifying and Technology Short * Technology in the * Production * Increased * Enhance R&D
responding to transition risks and opportunities is imperative for the Company. Based on the characteristics of the Company and medium industry is updated and production and capabilities through
its industry we proactively identify transition risks and potential opportunities and reduce climate risks while capturing transition and long rapidly; if the Company operations management talent cultivation and
opportunities through impact analysis and response measures. fails to keep up its costs retentionterm traditional products
* Asset impairment * Promote the use of low-may be replaced by
losses energy-consumption or
competing products
new energy equipment
Transition Risk Inventory with higher levels of * Reduced and promptly optimize
intelligence operating income
or phase out obsolete
Risk Type Time Description of Value Chain Potential Response * Insufficient R&D equipment and
Horizon Potential Risks Impact Financial Impact Measures funding talent processes.shortages or inflexible
Policy and legal Short * National governments * Upstream * Increased * Set proactive carbon innovation mechanisms
may slow new product
medium may introduce supply chain production and reduction targets
launches and lag
and long stricter regulations on management promote cleaner
* Own technical performance
term energy conservation costs production and reduce improvement making
production and
emissions GHG emissions from it difficult to meet
operations * Asset impairment
reduction and green operations increasingly diversified
losses
Downstream and premium market manufacturing to *
* Extend low-carbon R&D demand.mitigate climate change value chain * Reduced
requirements to the
potentially resulting operating income Market Short * Consumers' demand * Upstream * Reduced * Integrate green concepts supply chain
in product delisting medium for electrical value chain operating income into product design and
production restrictions * Closely monitor changes products is becoming actively develop green and long * Downstream * Increased
and similar impacts in environmental laws
increasingly diversified and low-carbon products
term personalized and value chain production costs to meet customer needs
regulations and policies
* Due to the EU Net- low-carbon and the
and participate in pilot Actively carry out energy
Zero Industry Act and Company may be
*
actions such as regional conservation and unable to effectively
CBAM export of related emissions reduction work
carbon trading and meet customer demand
products may face and increase the share of
carbon pricing for green and low- clean energy
increased costs carbon products
* Conduct supply chain * Strengthen supply
* Due to Regulation (EU) * Fluctuations in
compliance screening in chain management and
2023/1542 on batteries procurement prices
advance and carry out enhance resilience.of raw materials and
and waste batteries
due diligence for key raw energy may push up
products exported to
materials. product prices and
Europe may face a result in customer loss.series of compliance
requirements such
as carbon footprint
declarations recycled Reputation Short * Regulators are * Own * Increased * Improve information
material content medium tightening requirements production and management transparency actively
battery passports and long
for corporate disclosure operations costs understand and respond
of climate risks and to stakeholder concerns
and supply chain due term Downstream Increased investors prefer low- * * regarding climate
diligence. Failure value chain financing costscarbon products. If the matters and make
to meet relevant Company responds compliant disclosures
standards may lead improperly it may face in strict accordance
reputational damage with exchange climate
to restricted market
and weakened brand disclosure guidelines;
access customs value. Investors may continue to advance low-
clearance delays or also divest or refuse to carbon product R&D and
recalls. invest causing strain market promotion.on the capital chain and
hindering business and
market expansion.According to the 2025 greenhouse gas inventory the Company's total greenhouse gas emissions declined slightly compared with 2024
Strategy and Targets and the overall emissions trend remained relatively stable. At present emissions are still concentrated in Scope 2 with purchased
electricity from non-renewable sources being the primary source of emissions. Therefore the green transition of energy use represents a
key pathway for further emissions reduction.The Board of Directors is responsible for overseeing and managing climate-related matters. As a specialized committee under the
leadership of the Board the ESG Committee is responsible for the overall planning of matters related to carbon peaking and carbon
neutrality. Meanwhile the ESG Executive Office is responsible for organizing and implementing relevant work while management
personnel from functional departments and business units work together to advance the implementation of climate-related initiatives (see Year 2025 2024 2023
"Sustainability Governance" for details).Total greenhouse gas emissions ( tCO2e) 112783.10 114333.0 108847.5
On this basis the Company has incorporated low-carbon development into its strategic agenda. Guided by the principle of "low-carbon
leadership and innovation-driven development" the Company actively explores emission reduction pathways suited to its business
characteristics systematically builds a climate strategy framework across the entire value chain and continues to enhance its capacity GHG category Scope 1 Scope 2
and resilience in addressing climate change.Emissions (tCO2e) 3583.6 109199.50
Climate Strategy Framework
Share of emissions 3.2% 96.8%
Near term Medium to long term
Scope 1 Scope 2 Scope 3
Gradually phase out * Achieve 100% green electricity by 20301 * Build a low-carbon ecosystem
high-carbon fuels covering the entire value chain by
* Scope 2 greenhouse gas emissions
increase the share encouraging suppliers to adopt clean reduction is currently the Company's key energy optimizing logistics networks
of low-carbon and focus in the near to medium term
Emissions systematically improving product clean energy and
Reduction energy efficiency and reducing
enhance equipment
Targets carbon emissions across the value
electrification chain
* Deepen cross-industry collaboration
and technology sharing build
transparent and inclusive emissions
reduction partnerships and provide
innovative solutions for achieving
carbon neutrality goals
Clean energy
Core
Decarbonization substitution Use green electricity as a core lever to Build a green supply chain
Pathways and improved improve energy efficiency
electrification
* Use low-carbon * Green electricity substitution: build * In the short term prioritize the
clean fuels such distributed renewable energy systems on establishment of a supplier emissions
as natural gas in site and procure green electricity baseline and identify key hotspots;
industrial boilers in the medium to long term gradually * Improve energy efficiency: install LED
promote the development of
Gradually replace lighting intelligent lighting systems * emissions reduction plans across
and low-energy-consumption
on-site transport the upstream and downstream value
equipment such as air compressors
vehicles with electric chain and work together toward net air-conditioning and refrigeration
or hydrogen fuel cell zeroequipment；Apply waste heat recovery
vehicles
Emissions and reuse for air compressors； * Promote low-carbon raw material
Reduction Deploy high-efficiency energy-saving * Improve equipment sourcing prioritize recycled materials
Targets transformers；Introduce high-efficiency and encourage suppliers to adopt
electrification motors inverters and intelligent control renewable energy
systems that meet the IEC 60034 energy
efficiency standard to optimize production * Optimize logistics networks and
line energy efficiency promote low-carbon transportation
by prioritizing lower-carbon rail and
* Intelligent and digital management: maritime transport and gradually
achieve real-time monitoring and precise reducing the share of diesel truck
management of emissions through digital transportation
means
1The increase in the share of green electricity will be implemented progressively taking into account national and local policies on green electricity procurement as
well as the economic feasibility for the Company and will be reviewed and updated as appropriate.Based on the Company's end-to-end energy efficiency enhancement system we have coordinated and advanced measures including
Management Measures energy input optimization enhanced energy efficiency management process and technological improvements energy recovery and
reuse and collaborative decarbonization across the value chain thereby systematically establishing a low-carbon management
mechanism covering our own operations as well as upstream and downstream value chain activities.Based on the results of the annual greenhouse gas inventory the Company has identified key emissions reduction priorities at both
the operational and value chain levels and is systematically advancing decarbonization initiatives across two key areas: low-carbon As of the date of this report the Company has issued the Notice on Energy Management
operations and value chain emissions reduction. Rules (Electricity Use) further strengthening energy efficiency management measures. The
policy establishes an electricity-saving management system featuring unified leadership
(1) Low-Carbon Operations and clearly defined responsibilities and sets an annual electricity-saving target for each
business unit at 5% of its electricity consumption in the previous year. Through the Energy
The inventory results indicate that Scope 2 emissions from purchased electricity are currently the primary source of the Company's Management BP mechanism the Company implements refined electricity consumption
carbon footprint. In response the Company has identified energy efficiency improvement and energy structure optimization as its core control supplemented by monthly rankings based on electricity-saving performance and
levers and is prioritizing Scope 2 emissions reduction through systematic measures to unlock further decarbonization potential. target commitment letters to encourage each business unit to proactively tap energy-saving
potential and continuously reduce electricity consumption.At the business unit level the Company has established an energy audit and review mechanism and set up an energy management
leadership team an implementation team and an energy efficiency improvement working group to jointly promote refined energy Supported by effective management mechanisms the production processes for the
management. Meanwhile the Company conducts internal and external training from time to time on basic energy knowledge Company's new energy products including electric vehicle charging and discharging
dual carbon policies energy management targets and energy conservation awareness. Energy-wasting behavior is subject to equipment and electrochemical energy storage equipment obtained ISO 50001 Energy
corresponding disciplinary measures depending on the circumstances and severity. Management System certification during the reporting period. This achievement marks
a new stage in the Company's energy management toward greater standardization and Energy Management
systematization and lays a solid foundation for further improving energy efficiency and System Certificate
advancing process optimization.Energy Leadership Group
Low-Carbon Operations Targets and Progress
General Manager of the Business Unit
(Team Leader)
FY2025 ESG Targets 2025 Performance Status
Business Unit Head of Industrialization
Achieve 15 MW of installed photovoltaic
15.37 MW Achieved
capacity by the end of 2025
As of the date of this report the Company has issued the
Each business unit to reduce electricity
Notice on Energy Management Rules (Electricity Use) signed
consumption by 5% compared with the In progress
electricity-saving target responsibility letters and advanced
previous year by the end of 2026
refined energy management
At the same time we have established an end-to-end energy efficiency enhancement system covering energy input distribution and
utilization and energy recovery thereby driving systematic improvements in energy performance.Goneo Full-Process Energy Efficiency Improvement System
Optimize the energy structure → increase the share of renewable energy → deploy energy storage
Energy input
projects → explore integrated solar-plus-storage models
Conversion / Strengthen the energy efficiency management of equipment such as air compressors and chillers →
transmission tighten leak detection and loss control → reduce energy losses
Production Deploy energy monitoring systems → implement precise metering and load optimization → establish
operations energy consumption assessment mechanisms → promote process improvements
Recovery and Promote the recovery of waste heat waste gas residual pressure and reclaimed water → improve
reuse resource recycling efficiency
Delivery
Department
Manufacturing
Department
Technology
R&D
Department
Operation
Management
Department
Procurement
Department
Quality
Department
Human
Resources
Department
Equipment
and Facilities
DepartmentOptimizing Energy Input Case Development of a "Lights-Out Factory" in Workshop 1 of the Molding Company
The Company optimizes the use of green electricity through self-built PV systems energy performance contracting supporting
energy storage equipment and procurement of green electricity thereby providing stable and economical energy support for all Following long-term automation upgrades that significantly
business divisions. During the reporting period we completed the construction of eight energy storage stations across five production improved the human-machine ratio of injection molding
bases with expected annual discharge of 11.82 million kWh. The installation of energy storage equipment can work synergistically production in Workshop 1 the Molding Company further
with self-built PV projects and further improve the efficiency of using self-generated green electricity. As of April 2026 the Company's introduced an adaptive intelligent lighting system and integrated
self-built PV projects had reached an installed capacity of 18 MW with expected annual power generation of 18.01 million kWh and end-to-end automation capabilities including AGV intelligent
estimated annual electricity tariff savings/revenue of RMB 15.31 million. Among these the PV installation coverage rate at production logistics and a centralized material supply system. This enabled
bases in the Cixi area reached 100%. unattended lighting control during production operations and
supported the Company's exploration of a green manufacturing
model based on the " l ights-out factory" concept. Upon
completion of the upgrade the workshop's human-machine
ratio increased to 1:27 while variable manufacturing costs
(including energy consumption) decreased by RMB 1.208
million per year achieving both energy savings and operational
Molding Company "Lights-Out Factory"
efficiency improvements.Promoting Process Improvement
The Company complies with relevant energy use standards and energy-saving technical specifications and has established energy
and resource management measures and standards. It strengthens the supervision and control of high-energy-consuming equipment
gradually phases out obsolete energy-intensive and inefficient equipment and processes and continuously improves energy efficiency.The Company has also established a sound energy metering and monitoring system and plans to gradually formulate energy consumption
Longshan Base II Power Storage Facilities Self-built Photovoltaic Projects
quotas for product processes in order to reduce unnecessary energy conversion steps where appropriate and improve energy utilization
efficiency.In addition the Company actively participates in renewable electricity market transactions to increase the share of purchased
renewable electricity. During the reporting period green electricity accounted for 11.31% of total electricity consumption. Going During the reporting period the Company continued to advance energy-saving technical upgrades across production operations focusing
forward the Company will further increase the use of clean electricity promote electrification and energy-saving upgrades reduce on improving the performance of high-energy-consuming equipment. Through measures such as variable-frequency retrofits and
Scope 2 greenhouse gas emissions and work toward its greenhouse gas reduction targets. automation upgrades the Company contributed to a steady reduction in the Group's overall energy consumption.Case Deepening equipment retrofits to improve energy efficiency
2025
To improve equipment energy efficiency the Wire Company installed variable-frequency energy-saving devices on 38
100% PV coverage on available rooftops 100% PV coverage on available rooftops – vertical injection molding machines enabling precise control of motor energy consumption and saving 404700 kWh of
new energy business workshops Banmen Electric Appliance workshops electricity annually resulting in annual electricity cost savings of RMB 283000. The Molding Company completed variable-
frequency retrofits for 150 mold temperature controllers achieving annualized benefits of RMB 460000 through intelligent
temperature control and effectively reducing the energy consumption of auxiliary equipment.
8.978 million kWh of green
electricity procured
Advancing Energy Recovery
During the reporting period the Company continued to promote energy recovery and recycling in manufacturing. With the coating plant as
Enhancing Energy Efficiency Management a pilot it systematically advanced cascading waste heat recovery and sludge recycling and reuse. Waste heat generated during production
During the reporting period the Company developed and implemented a smart energy management system to enable unified analysis is used for workshop heating and cooling while sludge from wastewater treatment is converted into reusable resources significantly
and management of energy data across multiple plants and systems with visualized and analyzable equipment operation and energy reducing both hazardous waste disposal burdens and overall energy consumption. Going forward the Company will continue to build on
consumption data. The system currently covers the energy-saving operation and management of electricity compressed air cooling pilot experience and gradually expand these practices to more production bases promoting a transition from localized pilots to systematic
sources and terminal air-conditioning systems across four production bases: Longshan Base I Longshan No. 2 Branch Plant Longshan deployment of energy recycling.Base II and Guanhaiwei West Base.(2) Value Chain Decarbonization
Low-Carbon Product Offering
Building on the establishment of a carbon reduction framework for its own operations the Company has further extended low-
carbon management across the entire value chain and is building a collaborative decarbonization framework spanning upstream Leveraging its new energy business the Company extends its low-carbon service offerings
and downstream activities. The Company has identified the core direction of value chain decarbonization taking the application of downstream through the provision of green products such as EV charging equipment and
low-carbon raw materials as its primary lever and the supply of green products as its central focus thereby advancing low-carbon energy storage systems helping customers reduce carbon emissions during the use phase
transformation across the entire value chain through a dual-pronged approach. and supporting the transition toward cleaner end-use energy consumption. To this end
the Company continues to increase R&D investment in new energy. During the reporting
In supply chain transportation the Company benefits from an inherent decarbonization advantage arising from its long-standing period R&D investment accounted for 9.5% of the total revenue of the new energy business
localized procurement strategy. Suppliers in East China account for 66% of the total enabling the Company to build a low-carbon continuously driving green product upgrades and breakthroughs in low-carbon technologies.supply network centered on short-distance transportation and reduce transportation-related carbon emissions at the source. On In 2025 the production processes for the Company's electric vehicle charging and discharging
this basis the Company continues to optimize its logistics network integrate transportation resources and optimize delivery routes equipment and electrochemical energy storage systems obtained Green Supply Chain
adopting multiple measures to reduce carbon emissions per unit of transportation and lay a solid foundation for decarbonization at the certification marking the Company's compliance with national standards for green
upstream end of the value chain. procurement and full value chain low-carbon management and providing strong support for
Green Supply Chain
advancing emissions reduction across the value chain.According to the lifecycle carbon footprint accounting data of five core representative products upstream raw materials account System certification
for more than 75% of total emissions making them the primary source of value chain carbon emissions. Based on this finding Under the EU Taxonomy framework the Company continues to conduct R&D production and sales relating to green products such as EV
the Company has clearly identified low-carbon raw material development and application as the primary focus of value chain charging facilities and energy storage equipment. Relevant business activities may align with economic activity categories in areas such
decarbonization. At the same time in close alignment with industry trends and customer demand for low-carbon solutions the as electric vehicle charging infrastructure energy storage and low-carbon transport. Meanwhile the Company continues to advance the
Company has incorporated the R&D production and supply of green and low-carbon products into its key action areas. Together R&D and production of LED lighting and smart lighting products that meet energy efficiency standards and such business activities may
low-carbon raw material upgrades and green product supply form the core pillars of the Company's end-to-end value chain align with economic activity categories related to energy efficiency improvement.decarbonization efforts.Low-Carbon Raw Materials Business Potentially Aligned EU Taxonomy 2025 Revenue Contribution
Category Activities1
The Company continues to strengthen the low-carbon governance capabilities of key suppliers and advance the development of a
greener lower-carbon and more sustainable supply chain. EV charging facilities may correspond to
the activity of "installation maintenance
According to the 2025 ESG survey results for key suppliers during the reporting period 72 key tier-1 suppliers conducted corporate- EV charging facilities
and repair of charging stations for electric
level greenhouse gas inventories or verifications 66 established greenhouse gas (GHG) emissions reduction targets and more than 60% and energy storage RMB 822 million Response to
vehicles in buildings and in parking spaces
had incorporated clean energy into their operations. In terms of product carbon footprints 61 suppliers conducted product-level carbon systems Climate Change
attached to buildings"; energy storage
footprint verifications. The carbon emission factors of key raw materials such as copper and plastics were significantly below industry
systems generally require separate
averages indicating strong low-carbon performance.assessment based on the specific business
model and activity type.Carbon Footprint Data for Key Raw Material Products
Supplier Product name P r o d u c t c a r b o n Average factor Factor Factor database Industry May correspond to the activity of
footprint （kg CO e/ kg） source comparison
LED lighting and smart
2 "installation maintenance and repair of RMB 1362 million
2 Response to（kg CO e/ kg） lighting products2 energy efficiency equipment". Climate Change
Supplier A Brass strip 3.46 4.23 CPCD -18.2%
Clean Technology Opportunity Targets
Supplier B Bronze strip 2.35 4.23 CPCD -44.4%
FY2025 ESG Targets 2025 Performance Status
Supplier C PC plastic 2.95 3.17 Defra -6.9%
EV charging equipment shipments recorded
1.24 million units shipped +5.98% YoY Achieved
strong growth in 2025
Supplier D PP plastic 1.61 2.58 Defra -37.6%
Maintain a high level of investment in new R&D investment accounted for 9.5% of
Achieved
energy R&D. new energy business revenue
Supplier E Brass 1.76 4.23 CPCD -58.4%
1According to: Annex I to EU Delegated Regulation (EU) 2021/2139
2Revenue data are from Ningbo Goneo Photoelectric Technology Co. Ltd.Centered on an integrated ecosystem across a full range of "PV-storage-charging-discharging" application scenarios the Company
leverages its long-standing electrical technology expertise and brand strengths to continuously enrich its product portfolio. It has
In addition to focusing on green product segments such as new energy the Company also places strong emphasis on the
established a product portfolio and channel network spanning AC and DC products from single-unit charging to clustered charging from
carbon footprint management of traditional product categories. During the reporting period we systematically conducted
charging to energy storage and from consumer to business segments. While delivering safe convenient and efficient user experiences
product carbon footprint assessment and certification for core traditional product categories such as sockets and lighting
the Company has also sustained rapid business growth.products. This enabled us to identify key emissions reduction opportunities and provide data support for green procurement
optimization process improvements and low-carbon design upgrades thereby promoting the transition of traditional
products toward lower-carbon and greener development and strengthening the Companys overall low-carbon product
offering capability.New Energy Charging Business
The Company continues to expand its business ecosystem around the integrated "PV-storage-charging-discharging"
model while continuously enriching its product portfolio and deepening technological R&D and tailored innovation.In 2025 the Company launched the "Skyline" series of residential chargers featuring an integrated smart display system
that supports automatic charging initiation and real-time charging feedback. The Company also focused on advancing
comprehensive high-power charging solutions for heavy-duty trucks launching innovative 7 kW and 20 kW compact DC
products integrated with Bluetooth smart control while accelerating the development of 320 kW 360 kW 400 kW and 600
kW high-power chargers and establishing an early presence in megawatt ultra-fast charging technologies.Energy Storage
The Company continues to focus on China's commercial and industrial market and the European residential energy
storage market building a diversified product ecosystem and upgrading its global product portfolio.In China the Company's commercial and industrial energy storage cabinet products (125 kW/261 kWh) support a variety
of applications including peak-valley arbitrage EV charging paired with storage PV paired with storage and data center
energy storage. In overseas markets the Company continues to deepen its presence in Europe's residential energy
storage sector advance localized product validation strengthen Goneo Energy Storage's competitiveness around user
value and work toward becoming a globally leading provider of integrated PV-storage-charging energy solutions.Goneo Product Carbon Footprint Certificate
Heavy-Duty Truck Charger Receives Certificate No. 001 under the Grade 1
Case
Energy Efficiency Standard
Goneo's 400 kW heavy-duty truck charger successfully passed the certification review
conducted by CVC of China National Electric Apparatus Research Institute and was awarded
the industry's first "Grade 1 Energy Efficiency and Energy-Saving Product Certification for
Electric Vehicle Supply Equipment." This marks authoritative national recognition of Goneo
New Energy's charging R&D capabilities and demonstrates its early adoption of the new
national energy efficiency standard for EV charging equipment.Energy-Saving Product
Certification CertificateKey Greenhouse Gas Emissions Performance Indicators1 Key Energy Use Performance Indicators
Indicators Unit 2025 2024 2023 Indicators Unit 2025 2024 2023
Total direct greenhouse gas emissions (Scope 1) tCO2e 3583.6 3325.0 3010.0
Total energy consumption tce 28318.2 26217.0 25435.7
Total indirect greenhouse gas emissions (Scope 2) tCO e 109199.5 111008.0 105837.5 Comprehensive energy 2 tce/RMB million 1.76 1.56 1.62
consumption per unit of revenue
Total greenhouse gas emissions Total non-renewable
tCO2e 112783.1 114333.0 108847.5 tce 25232.4 24194.2 24703.3from own operations (Scope 1 and 2) energy consumption
Non-renewable energy
GHG emissions intensity tce/RMB million 1.57 1.44 1.57
tCO e/RMB million 7.0 6.8 6.9 consumption per unit of revenue from own operations (Scope 1 and 2) 2
Total renewable energy
tce 3085.8 2022.8 732.4
consumption
Renewable energy consumption
tce/RMB million 0.19 0.12 0.05
per unit of revenue
Purchased electricity
MWh 196825.8 191413.0 197237.0
(excluding green electricity)
Purchased electricity
MWh/RMB million 13.8 12.4 12.9
consumption per unit of revenue
Green electricity consumption kWh 25108001.4 16458806.1 5959400.0
Self-generated and self-
consumed distributed PV kWh 16130001.4 12884806.1 5959400.0
electricity1
Purchased green electricity2 kWh 8978000.0 3574000.0 0
Green electricity usage ratio % 11.31 7.9 2.9
Natural gas consumption m3– 703570.0 356534.0 170792.0
Diesel consumption kg 97626.1 113324.0 125468.0
Gasoline consumption kg 31226.6 48596.0 49407.0
1Technical support for greenhouse gas emissions accounting was provided by CarbonStop. Greenhouse gas emissions were accounted for in accordance with
ISO 14064-1 and the GHG Protocol. Scope 1 emission factors were determined with reference to the relevant provisions of the 2006 IPCC Guidelines for National
Greenhouse Gas Inventories China Energy Statistical Yearbook 2022 the Guidelines for Accounting and Reporting Greenhouse Gas Emissions of Machinery
Equipment Manufacturing Enterprises and other applicable guidance and were consistent with those used in the previous reporting period. The electricity 1Self-generated and self-consumed distributed PV electricity includes the total green electricity consumed from both the Company’s self-built photovoltaic
emission factor was based on the data published in the Ministry of Ecology and Environment’s Announcement on the Release of the 2023 Electricity Carbon power stations and photovoltaic power stations invested in and constructed by third parties.Dioxide Emission Factor. 2Amount of bundled green electricity procured through green electricity trading.Pollutant Emissions and Waste * General industrial solid waste mainly consists of metal scraps plastic raw material offcuts and other raw material offcuts all of which are recycled by compliant resource recovery entities with a comprehensive
utilization rate of 96.84%. Hazardous waste mainly consists of routine low-toxicity hazardous waste such
Management as waste mineral oil waste cutting fluid and waste organic solvent containers generated during equipment maintenance. During the reporting period 1177 tonnes were generated all of which were transferred to
units with the appropriate hazardous waste disposal qualifications for treatment. Hazardous waste transfer
manifests were 100% complete and disposal compliance was 100%.The Company regards pollutant and waste management as a fundamental requirement of green operations. We strictly comply with * According to Article 11 of the Measures for the Administration of the Directory of Key Environmental
regulatory requirements and systematically advance source reduction process control and resource utilization protecting ecological Solid waste Regulatory Units entities generating more than 100 tonnes of hazardous waste annually shall be included
harmony with a responsible attitude. in the directory as key units subject to environmental risk control. Due to their large production scale and
emission annual hazardous waste generation reaching the 100-tonne regulatory threshold Goneo Group Co. Ltd.risk analysis and Ningbo Goneo Electrics Co. Ltd. were included in the 2025 Directory of Key Environmental Regulatory
Units of Ningbo City (Key Units Subject to Environmental Risk Control - Hazardous Waste) but they are not
Risk Analysis key regulated entities in high-pollution or high-emission categories. The Company has established full-
process management mechanisms including hazardous waste ledgers declaration and registration and
emergency response plans in accordance with the requirements for key hazardous waste regulatory units
and hazardous waste management complied with regulatory requirements during the reporting period.According to the Industrial Classification for National Economic Activities (GB/T 4754-2017) the Company's business falls under "C38
(For detailed solid waste control measures see "Management Measures (1) Waste Management" in this
Electrical Machinery and Equipment Manufacturing."Its production mainly involves lightweight precision manufacturing processes such as section.)
injection molding stamping and assembly without continuous chemical reactions and without high-pollution emission processes.* Exhaust gas mainly consists of non-methane hydrocarbons (NMHC) generated from coating granulation
With reference to relevant environmental risk assessment frameworks we conducted environmental risk assessments of waste gas
wave soldering and similar processes as well as particulate matter generated from powdered materials.wastewater and solid waste emissions for all owned production bases supporting warehouses and ancillary operating sites. The All exhaust gas is collected through hoods as required treated using activated carbon adsorption dust
assessment found that the Company's overall environmental risk relating to waste gas wastewater and solid waste remained at a low collectors and other treatment facilities and then discharged at elevated points.level with no hidden risks of major sudden environmental incidents. During the reporting period the Company received no administrative Air emission * In accordance with pollutant discharge permit requirements the Company regularly conducts self-
penalty decisions from ecological and environmental authorities and there were no environmental complaints negative public opinion risk analysis monitoring and monitoring data are reported to regulators as required. During the reporting period all
incidents or sudden environmental events. The management and control of waste gas wastewater and solid waste complied with all characteristic pollutant emission concentrations were below national and local emission standard limits and
the intensity of non-methane hydrocarbon emissions was 0.015 tonnes/RMB million far below the industry
applicable regulatory requirements.average for the electrical machinery industry. There was no record of air emissions exceeding applicable
standards.
(For detailed air emission control measures see "Management Measures (2) Air Pollutant Management" in this
section.)
* The Company's wastewater mainly includes domestic sewage generated from administrative offices
canteens and plant cleaning activities as well as industrial wastewater generated during production.Domestic sewage is pretreated through grease traps and septic tanks before entering the municipal sewer
network while industrial wastewater is treated at wastewater treatment stations before being discharged into
Wastewater
the municipal sewer network. Indirect cooling water is mainly managed through circulation and reuse and is
emission not included in regular wastewater discharge.risk analysis * During the reporting period wastewater COD and ammonia nitrogen concentrations were far below the
Integrated Wastewater Discharge Standard and sewer admission thresholds and no non-compliant
wastewater discharges occurred.
(For detailed wastewater control measures see "Management Measures (3) Wastewater Management" in this
section.)
Strategy and Objectives
The Company has established an EHS Committee1 as the highest-level leadership coordination and decision-making body for
environmental management. Chaired by the President it is fully responsible for the overall coordination of environmental management
formulates targets and indicators for air wastewater and waste treatment and cascades these targets down to departments which
sign responsibility commitment letters. At the same time a routine control mechanism has been established to assess implementation of
targets by each business division on a monthly basis and circulate the results promoting implementation and continuous optimization of
environmental management through full-process control.We strictly comply with national and local environmental laws and regulations including the Environmental Protection Law the Law on the
Prevention and Control of Atmospheric Pollution and the Law on the Prevention and Control of Environmental Pollution by Solid Wastes
and have established and implemented an ISO 14001 environmental management system. Guided by the Environmental Occupational
Health and Safety Management Manual and supported by procedures such as the Environmental Factors Identification and Evaluation
Procedure Provisions on Hazardous Waste and General Industrial Solid Waste Management and Provisions on Environmental Protection
Equipment Management the Company has formed a comprehensive and standardized environmental management system and
issued an Environmental Policy as its code of action to ensure that environmental management has clear rules to follow and is effectively
implemented.
1For details of the EHS Committee's specific responsibilities please refer to the "Strategy and Objectives" section under "Occupational Health and Safety".Internal Environmental Audit Framework
Environmental Impact Assessment for New Rebuilt and Expanded Projects
In accordance with the Environmental Impact Assessment Law and the Regulations on the Administration of Environmental Protection
Audit Framework Notes
for Construction Projects the Company strictly complies with the environmental impact assessment requirements and the environmental
protection "Three Simultaneities" system. During the reporting period the Company obtained environmental impact assessment
approval for one technical transformation project and completed environmental protection completion acceptance for another technical Zero environmental compliance incidents involving Deduct 25 points
transformation project continuously promoting process optimization and environmental compliance management. Under our consistently government penalties or official notices
Outcome Audit
strict environmental compliance management all construction projects strictly complied with national environmental regulations with no
(40 points) Bonus:0.5 points at Group-level;
violations such as construction before approval operation before acceptance or long-delayed acceptance. Internal and external honors 3 points at municipal-level
Environmental Audits Self-initiated improvements (source-control) Bonus: 1 point per item
Each year the Company conducts comprehensive internal audits external audits and impact assessments of the environmental
management system environmental factor identification and evaluation pollutant discharge and control resource and energy utilization
and environmental emergency management. Audit results are reported to the EHS Committee (chaired by the Chairman of the Board) as Environmental factor management;
an important basis for optimizing management. Meanwhile during the advancement of projects such as new production lines and plant
Environmental protection "Three Simultaneities";
expansion the Company increases the frequency of third-party special or targeted environmental audits to ensure that environmental
management remains efficient compliant and continuously optimized. Management of drainage and pollutant discharge
permits;
Internal environmental audits: Veto items:
Operational Monitoring of waste gas wastewater and solid
The Company has established a routine environmental audit mechanism covering all entities. Through regular audits tiered incentives and
Performance waste; "construction before approval"or
closed-loop rectification it systematically safeguards the compliance and operational effectiveness of the environmental management
Evaluation "operation before acceptance";
system. Environmental emergency management;
Process (36 points)
Audit self-monitoring implementation rate Environmental equipment and facilities;
below 100%
Item Details (60 points)
Solid waste management;
Audit Targets 100% coverage of all business divisions and core functional departments Chemical temporary storage areas;
Achievement of key environmental matters
A total of 2 process-based environmental audits and 1 annual environmental audit were completed
Frequency
during the reporting period
* Based on ISO 14001 and Goneo's environmental rating system the Company organizes annual
internal environmental audits and process-based environmental audits; Issue Closure Closure rate of issues identified in previous
(24 points) environmental inspections
* Audit contents include achievement of environmental targets environmental factor identification
and evaluation management of hazardous substances at source environmental protection
"Three Simultaneities" management of drainage and pollutant discharge permits wastewater
Audit Standards and air emission monitoring solid waste management environmental equipment and facilities A total of 11 business divisions and functional departments were audited of which 1 achieved
management environmental emergency management capability building of environmental
Outstanding and 10 achieved Excellent (90.9%). No unit triggered environmental veto clauses
personnel and closed-loop management of identified issues; Audit Results
and no unit was involved in any environmental compliance incident subject to government
* Audit methods include review of compliance documents review of test data on-site inspection and penalties or official notices.employee interviews.Based on the rating corresponding to the audit score the Company grants the appropriate GGS medal/
logo as a form of positive incentive. A total of 129 issues were identified during the year. All issues found in audits were entered Closed-loop
into the Goneo EHS hazard platform for closed-loop tracking and rectification with a 100%
The internal environmental audit evaluates performance across multiple dimensions covering Rectification closure rate.both results and processes. Bonus items and deduction items are also established with critical
veto clauses set under the deduction items. In the overall assessment the closure rate of issues
identified in process management accounts for 40% encouraging all business units not only to meet
Incentives &
environmental compliance requirements but also to continuously improve environmental performance.Assessment Based on the results of the process management audit ratings are divided into five levels:
a) Outstanding: 85-100 points
b) Excellent: 65-84 points
c) Established: 45-64 points
d) Progressing: 25-44 points
e) Entry Level: 0-24 pointsExternal environmental audits:
Management Measures
During the reporting period the Company engaged third-party certification bodies to conduct ISO 14001 environmental management
system external audits of the Group and its wholly owned subsidiaries ensuring effective system operation and achieving 100% closed-
loop rectification of identified issues. During the reporting period the Company systematically advanced pollution prevention and control management across waste air
pollutants wastewater environmental emergency response and environmental training integrating compliant discharge and proactive
pollution reduction throughout the entire production and operation process.
100% pass rate for ISO 14001 surveillance audits of wholly owned
subsidiaries engaged in the Company's core businesses; 100%
Audit Targets (1) Waste Management
rectification completion rate for issues identified in annual external
In terms of solid waste management the Company comprehensively identifies waste generation across all production processes and
audits
in accordance with the Provisions on Hazardous Waste and General Industrial Solid Waste Management the National Hazardous
Waste List and the EU Waste Electrical and Electronic Equipment (WEEE) Directive dynamically updates annual hazardous waste
Audit standards ISO 14001:2015 management plans and completes declaration and filing while also conducting annual and monthly declarations for general industrial
solid waste.Every year the Company organizes full-coverage inspections of hazardous waste and general industrial solid waste across
During the reporting period no major non-conformities were
all operating sites reviews and issues an annual solid waste inventory and builds and implements a standardized full-lifecycle
Closed-loop identified in external audits of the environmental management
management system for hazardous waste such as paint residue waste chemical packaging containers contaminated waste and
rectification systems of the Group's wholly-owned subsidiaries engaged in the
waste mineral oil as well as general industrial solid waste such as waste metals and waste plastics realizing closed-loop management
Company's core businesses
from source identification to compliant disposal.A total of 11 entities of Goneo Group and its wholly-owned subsidiaries
External audit obtained ISO 14001 Environmental Management System certification Environmental Generation stage: Solid waste arises from production and manufacturing processes equipment maintenance product
results Management System with a certification coverage rate of 84.62% covering all of the packaging and other links. The Company promotes process optimization and cleaner production at the source to continuously
Certificate
Company's principal businesses. reduce waste generation.Environmental Management Targets and Progress Collection storage and transportation stage: The Company has established standardized process management mechanisms.Waste is separately collected and stored in a standardized manner in accordance with standards for preventing scattering loss
and leakage ensuring waste remains under control before transfer.FY2025 ESG Targets 2025 Performance Status
Zero environmental compliance incidents 0 Achieved
Treatment and utilization stage: General industrial solid waste and hazardous waste are treated differently. Compliant recycling
and circular utilization are prioritized and waste that cannot be recycled is entrusted to qualified institutions for harmless and
compliant disposal.
100% closure rate of issues identified in internal environmental audits 100% Achieved
Full-Process Waste Management
Zero environmental pollution incidents 0 Achieved
Generation Collection Storage Transportation Disposal Supervision
Inputs: * Production processes;
* Production * Product categories /
Recycling quantities;processes;
In 2025 * Storage locations /
* Equipment Standardized process management compliant disposal / quantities;
maintenance; harmless treatment / * Flow direction;
The Company' s total environmental protection investment during the reporting period amounted to * Product packaging; circular utilization * Treatment methods;
…
RMB 3.49 million * Disposal / utilization
volume;
Treatment and
Generation Stage Collection Transport and Storage Stage
Utilization Stage * Waste reduction plansAt the same time through a series of measures such as optimizing production processes improving precision and finished product yield
implementing lean production establishing resource recovery systems to realize internal recycling of metals and plastics upgrading Pollution Factor Governance Measures Advanced Technologies Applied
environmental protection equipment and strengthening supervision through digital means the Company reduces waste generation at the
source.Following the principles of reduction resource Through improved surface film-coating technology
utilization and harmlessness the Company the Company's track-socket products eliminate
reduces hazardous waste generation at source the use of cleaning agents avoid the generation of
Case Original Manufacturer Recycling and Reuse of Empty Flux Drums through process optimization; contaminated waste and achieve zero hazardous
Hazardous waste: waste generation in the process.Strictly complies with Q/GN G140005 requirements
paint residue
During the reporting period through coordination among the EHS procurement supplier develops collection specif ications based The Company also advances cleaner production
waste chemical on hazardous waste characteristics builds
and finance departments the Electronics Company handed over empty flux drums and in coating processes by introducing paint residue
packaging containers compliant temporary storage facilities equips reduction technology reducing water content
methanol drums to the original manufacturers for recycling and reuse. In 2025 a total
contaminated waste dedicated containers to prevent leakage stores in waste by 20% and thereby further reducing
of 510 empty drums were recycled achieving a 2.87% reduction in hazardous waste
waste mineral oil etc. waste in zones by type with clear labels; hazardous waste generation.generation.Standardizes the collection and storage of The lifecycle management and end-of-pipe disposal
hazardous waste formulates preventive methods for hazardous waste have also been
measures and emergency plans and entrusts optimized and upgraded: categorized collection
qualified entities for transportation and disposal. and compatible packaging are implemented anti-
seepage and anti-corrosion measures are strictly
applied in storage areas ledgers are maintained for
Original Manufacturer Recycling
waste information an electronic manifest system is
and Reuse of Empty Flux Drums General industrial solid Waste metals waste plastics and similar waste used during transfer to ensure traceability and all
generated during production are transferred
waste: waste metals hazardous waste is entrusted to qualified entities
to resource recovery entities or other qualified
waste plastics etc. for harmless treatment effectively controlling
entities for utilization and disposal. environmental risks.During the year the Company was selected for Zhejiang Province's priority cultivation list for "Zero-Waste Groups"and received
national-level "Green Factory" recognition. Environmental Management Targets and Progress
FY2025 ESG Targets 2025 Performance Status
As of the reporting date
100% compliant waste disposal rate 100% Achieved
its factories and companies had obtained 2 national-level "Green Factory" titles
100% outsourced disposal rate for domestic waste 100% Achieved
1 provincial-level "Green Factory" title
100% compliant disposal rate of general industrial
2 municipal-level "Green Factory" titles. 100% Achievedsolid waste and hazardous waste
Going forward the Company will continue to use "Zero-Waste Group" development as a key lever to advance cleaner production Waste Management Performance
and "Zero-Waste Group" development and build replicable and scalable green development benchmarks.Indicators Unit 2025 2024 2023
Total waste generated tonnes 37387.57 15708.77 6297.86
Identification of Solid Waste Pollution Factors and Response Measures
Waste generated per unit revenue kg/RMB million 2386.9 949.4 403.9
The Company adopts targeted governance measures for pollution factors associated with different hazardous wastes and general
industrial solid waste and introduces multiple advanced technologies in process optimization and end-of-pipe treatment to continuously Total general industrial solid waste
promote source reduction of waste and cleaner management throughout the entire process. generated
1 tonnes 36202.39 14920.53 5557.91
General industrial solid waste
generated per unit of revenue kg/RMB million 2311.3 901.7 356.5
Total compliant disposal of
hazardous waste2 tonnes 1185.18 788.24 739.96
Compliant disposal of hazardous
waste per unit of revenue kg/RMB million 75.7 47.6 47.5
Compliant disposal rate of
hazardous waste % 100 100 100
1In 2025 the statistical methodology and scope for general industrial solid waste were optimized to include metal-related general industrial solid waste. The
relevant data were sourced from the Company's statistical reports and regulatory reports.
2Hazardous waste data were sourced from the hazardous waste transfer manifest records on the national solid waste regulatory platform.(2) Air Pollutant Management Targets and Performance for Air Pollutant Emission Concentration Control
In terms of air pollutant management on the basis of strictly implementing multiple national emission standards in production and FY2025 ESG Targets 2025 Performance Status
operations the Company proactively raises its control requirements. It strictly implements Zhejiang Province's Emission Standard
of Air Pollutants for Boilers (DB33 1415-2025) sets more stringent internal concentration limits entrusts qualified third-party testing
institutions each year to conduct regular monitoring and combines this with self-monitoring to ensure continued stable compliance. Sulfur dioxide emission concentration meets the Grade II standard of
Only 0.91% of the emission limit Achieved
the Integrated Emission Standard of Air Pollutants (GB 16297-1996)
The Company insists on giving equal weight to source prevention and process treatment for air pollution and actively advances source
substitution of hazardous substances to reduce the potential environmental and human health impacts of hazardous air pollutants at
the root. In air emission treatment the Company does not rely on a single treatment model but instead integrates advanced industry
Nitrogen oxide emission concentration meets the Grade II standard of
processes such as bag filter dust collection activated carbon adsorption and zeolite wheel adsorption catalytic combustion carrying Only 5.83% of the emission limit Achieved
the Integrated Emission Standard of Air Pollutants (GB 16297-1996)
out classified and precise treatment for dust-containing waste gas and organic waste gas generated in various production stages to
maximize treatment effectiveness.In 2025 the Company fully achieved all management targets for air pollutants and the compliance rate of air emissions remained at Non-methane hydrocarbons (NMHC) emission concentration
100%. In terms of both emission concentration and total emissions control actual emissions of major pollutants such as sulfur dioxide meets the Emission standard of air pollutants for industrial surface
coating (DB33/2146-2018) the Emission Standard of Pollutants Only 1%-16% of the corresponding nitrogen oxides and non-methane hydrocarbons (NMHC) were significantly below standard limits and permitted total amounts fully Achieved
demonstrating the Company's proactive implementation of green and low-carbon concepts in day-to-day operational management. for Synthetic Resin Industry (GB 31572-2015) and the Grade II
emission limits
standard of the Integrated Emission Standard of Air Pollutants (GB
16297-1996)
Identification of Air Pollution Factors and Response Measures
Pollution factor Governance measures Advanced Technologies Applied
Targets and Performance for Total Air Pollutant Emissions Control
The company uses industry-advanced high-efficiency long-life filter FY2025 ESG Targets 2025 Performance Status
elements with a filtration efficiency of 99%; emission concentration is
Particulate matter Cartridge dust collectors
more than 50% below the limits in the Integrated Emission Standard of
Air Pollutants (GB 16297-1996). Total sulfur dioxide emissions meet government total emissions
Only 11.72% of the permitted total amount Achieved
control requirements
Depending on operating
conditions adopts advanced Purification efficiency of NMHC using zeolite wheel regenerative
Total nitrogen oxide emissions meet government total
Non-methane processes such as activated combustion can reach 95%. Concentrations of coating-related NMHC Only 6.68% of the permitted total amount Achieved
emissions control requirements
hydrocarbons carbon adsorption activated emissions are kept stable and are below 50% of the emission limit in
(NMHC) carbon catalytic combustion the Emission standard of air pollutants for industrial surface coating
and zeolite wheel (DB33/2146-2018).Total non-methane hydrocarbons (NMHC) emissions meet
regenerative combustion Only 71.78% of the permitted total amount Achieved
government total emissions control requirements
SO2 nitrogen oxides Real-time monitoring of pollutant concentration emission rate and
Online monitoring facilities for
and other toxic and total emissions enables rapid adjustment of production processes and
exhaust gas emissions 1
hazardous gases activation of pollution control equipment if anomalies occur. Key Air Pollutant Performance Indicators
Indicators Unit 2025 2024 2023
Air Pollutant Management Target
N MHC Emissions tonnes 148.204 103.146 90.5889
FY2025 ESG Targets 2025 Performance Status
Nitrogen oxides tonnes 1.117 0.566 0.271
100% compliance rate of air emissions 100% Achieved –
Sulfur dioxide tonnes 0.132 0.067 0.026
1During the reporting period the Company optimized the accounting methodology for total air pollutant emissions by adopting the material balance method and
accordingly revised the data for 2023 and 2024.(3) Wastewater Management Targets and Performance for Total Industrial Wastewater Pollutant Emissions Control
In terms of wastewater management the only activities in the Company's production process involving wastewater discharge are FY2025 ESG Targets 2025 Performance Status
intermediate product rinsing and surface treatment. Production wastewater is collected separately treated to meet standards and
then discharged into the sewer network. Domestic sewage mainly comes from water used in administrative offices and dormitories
and is discharged into the sewer network after pretreatment through septic tanks in the plant area. The Company strictly implements COD permitted total amount: 0.162 tonnes Only 21.60% of the permitted total amount Achieved
standards including the Integrated Wastewater Discharge Standard the Indirect Discharge for Emission Limitation of Nitrogen and
Phosphorus for Industrial Wastewater the Wastewater Quality Standards for Discharge to Municipal Sewers and the Emission A mmonia nitrogen permit ted total
Only 72.73% of the permitted total amount Achieved
standard of pollutants for electroplating. Annual testing of all discharge outlets is entrusted to CMA-certified qualified third-party amount: 0.011 tonnes
institutions supplemented by routine self-testing to ensure stable and compliant wastewater discharge.According to the Interim Measures for the Review and Management of Total Pollutant Emission Indicators for Construction Projects
and the Detailed Rules for the Trial Implementation of Paid Use and Trading of Pollutant Discharge Rights in Ningbo production Targets and Performance for Industrial Wastewater Pollutant Emission Concentration Control
wastewater generated during the construction period and separately discharged domestic sewage are not included in total pollutant
discharge control. In 2025 the Company fully achieved all management targets for industrial wastewater pollutants. In terms of FY2025 ESG Targets 2025 Performance Status
concentration control actual concentrations of COD and ammonia nitrogen were far below relevant standard limits demonstrating
strong process control capability. In terms of total emissions control actual total emissions of COD and ammonia nitrogen were also
significantly below government-permitted total amounts reflecting the Company's commitment to proactively controlling wastewater
COD concentration meets the Grade III standard of the Integrated
environmental impacts at standards higher than the compliance baseline.Wastewater Discharge Standard (GB 8978-1996) with COD Only 9.8% of the emission limit Achieved
The Company's notable achievements in wastewater management result from its continuously improved wastewater treatment ≤ 500 mg/L
system. During the reporting period through a management mechanism combining source control process segregation and end-
of-pipe control the Company categorized and treated various types of wastewater generated during production to ensure stable and
compliant discharge. Ammonia nitrogen concentration meets the Indirect Discharge
for Emission Limitation of Nitrogen and Phosphorus for Industrial Only 33.51% of the emission limit Achieved
Water Pollution and Risk Prevention Measures Wastewater (DB33/887-2013) with ammonia nitrogen ≤ 35 mg/L
Goneo attaches great importance to water environmental risk management and has systematically built a plant-wide water pollution risk
prevention and control system around source control process containment and end-of-pipe treatment ensuring that the impacts of
production and operations on the surrounding water environment remain controllable preventable and treatable.Key Wastewater Management Performance
* A hazardous chemicals interception system is installed to effectively collect leaked chemicals and prevent contamination of
Indicators Unit 2025 2024 2023
water sources.* Cut-off valves are installed at rainwater discharge outlets. In the event of abnormal rainwater conditions these valves can be
shut off to prevent rainwater from entering external rivers. Industrial wastewater discharge volume1 m3 718.2 / /
* An emergency wastewater collection system is in place to collect leaked substances and send them to wastewater treatment
facilities for centralized treatment.Industrial wastewater discharge per
* Shut-off valves are installed at wastewater treatment discharge pools. Wastewater meeting standards is regularly discharged unit of revenue m3/RMB million 0.4 / /
into the sewer network while substandard wastewater is returned to treatment facilities for retreatment.* Drainage at each base adopts separation mechanisms for rainwater and wastewater clean water and polluted water and Industrial wastewater chemical oxygen
wastewater and sewage with targeted treatment based on different wastewater characteristics.demand (COD) emissions kg 35.19 / /
* Paint residue in large circulating water tanks is regularly cleaned and a long-term O&M mechanism has been established;
overall replacement of drainage pipelines and optimized renovation of pipeline networks have also been implemented in a
targeted manner. Industrial wastewater ammonia
nitrogen emissions kg 8.42 / /
Wastewater Management Target and Progress
1Statistical scope of industrial wastewater: During the reporting period the only activities in the Company's production process involving wastewater discharge
were intermediate product rinsing and surface treatment. Production wastewater was collected separately treated to meet standards and then discharged into
FY2025 ESG Target 2025 Performance Status the sewer network. Domestic sewage mainly came from water used in administrative offices and dormitories and was discharged into the sewer network after
pretreatment through septic tanks in the plant area. According to the Interim Measures for the Review and Management of Total Pollutant Emission Indicators for
Construction Projects and the Detailed Rules for the Trial Implementation of Paid Use and Trading of Pollutant Discharge Rights in Ningbo production wastewater
The compliance rate for wastewater reached 100% 100% Achieved generated during the construction period and separately discharged domestic sewage are not included in total pollutant discharge control. In July 2025 the
wastewater treatment facilities of Longshan No. 2 Branch Plant passed environmental protection acceptance. Accordingly the statistical scope of wastewater
discharge data for the reporting period covers data from Longshan No. 2 Branch Plant from August 2025 to December 2025.(4) Environmental Emergency Management
The Company continues to improve its emergency organizational structure and accountability mechanism. Focusing on key areas
such as chemicals wastewater and hazardous waste it improves the Special Emergency Response Plan for Environmental Incidents
clearly defines the responsibilities of departments and management levels and enhances the relevance and operability of the plan.At the same time the Company regularly organizes emergency drills to improve employees' emergency response capability and
coordinated handling capacity ensuring effective implementation of the plan. By strengthening reserves of emergency supplies and
maintaining facilities the Company reinforces the bottom line of environmental risk prevention and control and continuously enhances
its capability to prevent and respond to sudden environmental incidents.In 2025
The Company conducted 60 environmental Total attendances: 724
emergency drills during the year
(5) Environmental Training
The Company provides multi-level environmental protection training for all employees. Training content covers environmental policies
compliance requirements operating procedures pollutants waste wastewater treatment measures and other areas to improve
employees' environmental awareness. Environmental management requirements are also extended to the supply chain to strengthen
environmental compliance training for suppliers and communicate management requirements to them encouraging all employees and
supply chain partners to jointly understand and practice the Company's environmental concepts and management standards.– In 2025
A total of 7 dedicated environmental training Total attendances: over 3000
sessions were conducted during the year
公牛集团-环境因素识别与评价培训Resource Recycling and Utilization (2) Strategy and Objectives
Based on the Company's water risk assessment and water use intensity assessment results and combined with national and local
quota management requirements for water use the Company continues to improve its water use management mechanism and
The Company regards resource recycling and utilization as a key pathway for green development. Through process optimization and strengthen routine monitoring and conservation management.application of circular technologies we maximize the value of resources and are committed to building a closed-loop and efficient
resource utilization system. Because manufacturing itself has relatively low water demand the Company's water use during the reporting period mainly came
from domestic scenarios such as administrative offices employee dormitories and canteens. Therefore the Company mainly
references quota standards for urban residential domestic water use to manage and regulate domestic water use. At the same time
in combination with water resource management targets in the Ningbo region the Company continuously reviews overall water
Water Resource Management use efficiency by taking quota values for urban residential domestic water use and the target value for water use per RMB 10000 of
industrial value added as supplementary reference indicators. According to the 2024 Ningbo Water Resources Bulletin water use per
RMB 10000 of regional GDP was 13.8 m3–1 and the Company's overall water use intensity remained at a relatively low level.The Company attaches great importance to water resource management. From risk identification and strategic target setting to
implementation of water-saving measures it has built a water resource management system covering the full process continuously In light of actual water use scenarios in business operations we will continue to strengthen routine water use management and refined
improving water use efficiency and reducing operational dependence on and impacts on water resources. control promote continuous improvement in water use efficiency and support ongoing enhancement of green operations.
(1) Risk Analysis Water-saving Target and Progress
This assessment covered all of the Company's owned production bases office facilities and supporting living facilities during the Target 2025 Performance Status
reporting period. The assessment method referred to the WWF Water Risk Filter and comprehensively evaluated regional water
resource conditions industry water use quotas regulatory policies and internal operational water use intensity.Water consumption per RMB 10000 of
0.4 m3 / RMB 10000 Achieved
3
The assessment found that the Company's material water resource risks remained at a very low level during the reporting period. The output value below 13.8 m
Company had no cases of water abstraction beyond approved plans or water use beyond quotas received no administrative penalties
or rectification requirements from water resource management authorities and achieved a 100% water use compliance rate.
(3) Water-saving Measures
The Company is a light integrated manufacturing enterprise whose production processes are mainly The Company attaches great importance to water conservation and rational utilization. Water-saving management is integrated into
injection molding stamping and assembly with no high-water-consumption core processes. routine operations and water-saving initiatives are systematically advanced from multiple dimensions including production process
* Water use structure: total water abstraction during the reporting period was 798900 m3 of which optimization wastewater reuse and facility maintenance continuously improving water resource utilization efficiency and reducing
more than 90% was domestic water for employee dormitories canteens and offices while freshwater consumption.Internal production water was limited to cooling water system replenishment equipment rinsing and
operational surface treatment accounting for less than 10%.water risk is * Water use efficiency: water consumption per RMB 10000 of output value was 0.4 m3 lower
extremely low than the water use intensity per RMB 10000 of output value disclosed in the 2024 Ningbo Water * In the treatment of circulating cooling water for production facilities the Company is considering the adoption of technologies
Resources Bulletin.such as electrochemical circulating water treatment to improve efficiency and reduce fresh water use.* Drainage impact: all production and domestic wastewater entered the municipal sewer network
after pretreatment to standards with no direct discharge to the environment and no pressure on
* High-efficiency water purification equipment and similar devices are introduced to treat wastewater generated from anodizing regional water ecology.processes so that it can be reused in production after meeting standards improving water recycling efficiency.According to the 2025 version of the WWF Water Risk Filter the water stress level of Ningbo where
* Water resource usage is reviewed periodically. The Company conducts regular inspection and maintenance of water pipes and
External the Company's core production bases are located is low risk. The region has abundant annual public taps to prevent leakage and water loss while encouraging employees to actively participate in water conservation and
regional water precipitation and 100% municipal water supply assurance with no regional water shortage risk. prevent taps from being left running thereby ensuring full and rational utilization of water resources. During the reporting period
resource risk is No restrictive water abstraction control policies targeting the Company's industry have been issued in we carried out preventive inspections using inert gas for pipelines that had been in service for more than eight years repaired
low the areas where it operates and the Company has sufficient permitted water abstraction quotas with eight damaged points and incorporated preventive maintenance of aged pipelines into daily management to avoid leakage and
no policy-related water resource risk. waste of water resources.
1Data Source：http://epaper.cnnb.com.cn/nbrb/pc/content/202603/26/content_268491.htmlKey Water Use Management Performance
Ecosystem and Biodiversity
Indicators Unit 2025 2024 2023
Protection
Total water withdrawal m3 798879.3 908166.7 913771.0
We respect ecological principles and integrate biodiversity protection into the entire operational lifecycle. Through prudent site
Water withdrawal per unit revenue m3/RMB million 49.8 54.0 58.2 selection minimized disturbance and continuous improvement we strive to reduce our impacts on nature to the greatest extent
possible and promote harmonious coexistence between business development and the ecosystem.Circular Economy Risk Analysis
The Company continues to reduce the negative environmental impact of products and packaging throughout their lifecycle by optimizing With reference to the five key drivers of biodiversity loss identified by IPBES (the Intergovernmental Science-Policy Platform on
production processes designing low-carbon and environmentally friendly products and using substitute materials with lower hazard Biodiversity and Ecosystem Services)—land-use change overexploitation of natural resources climate change pollution and
or toxicity. Circular economy principles are integrated into all aspects of operations to promote harmonious coexistence between the invasive alien species—as well as the requirements of the TNFD framework we conducted biodiversity risk assessments covering all
enterprise and the environment. of the Company's self-owned production facilities warehouses and projects under construction renovation or expansion.In product eco-design we uphold design concepts that facilitate disassembly remanufacturing and recycling reducing environmental Taking into account industry characteristics and the Company's actual operations we carried out a case-by-case review of the
impacts throughout product lifecycles at the source while extending product life. At the same time we continue to advance greener common sources of biodiversity pressure in the manufacturing sector and confirmed that the Company's overall biodiversity risk
packaging through packaging designs focused on material reduction and capacity optimization as well as the use of environmentally remains at a low level.friendly and recyclable packaging materials to reduce resource consumption and waste generation.All of the Company's operating sites and project locations strictly comply with the national "Three
Sustainable Raw Material Targets and Progress Zones and Three Lines" control requirements namely ecological protection red lines permanent
Site Selection basic farmland and urban development boundaries. Based on annual internal reviews and verification
Target 2025 Performance Status by qualified third-party environmental impact assessment institutions none of the Company's sites Compliance Review
during the reporting period were located within ecological protection red lines or ecological control
areas nor did they involve key ecologically sensitive areas or important ecological function zones.The proportion of thermoplastics reached 100%. 100% Achieved Accordingly the Company did not identify any biodiversity risks arising from non-compliant site
selection.Impact of water use: The Company operates in lightweight precision manufacturing. During the
Key Circular Economy Performance reporting period total water abstraction accounted for less than 0.075 ‰ 1 of the total available water
resources in the regions where it operates indicating that water use did not impose significant
pressure on regional aquatic ecosystems or habitats.Indicators Unit 2025 2024 2023
Impact of land use: The Company's production model is highly standardized and does not rely on
Assessment of
Copper tonnes 27883 7292 / continuous capacity expansion or land acquisition. During the reporting period there were no plans for
Recycling and Key Pressure additional production land and therefore no risk of encroachment on natural habitats or alteration of
Utilization of Discarded Sources natural land use.Aluminum tonnes 1176 / /
Raw Materials in
Production Impact of pollutant emissions: The Company's production processes do not involve highly
Plastics tonnes 2445 1264 / polluting operations using heavy metals strong acids or strong alkalis. During the reporting period
concentrations of all characteristic pollutants in wastewater and exhaust gas emissions remained
below applicable national and local regulatory limits and no environmental pollution incidents occurred
indicating an extremely low potential impact on surrounding soils water bodies and ecosystems.All of the Company's new rebuilt and expanded projects were subject to ecological impact
assessments conducted by qualified third-party environmental impact assessment institutions.Third-Party The assessment conclusions indicated that the projects would have "no material adverse impacts
Evaluation on biodiversity."The Company did not receive any complaints or penalties from ecological and
environmental authorities nor were there any illegal or non-compliant incidents or negative public
opinion events related to biodiversity during the reporting period.
1The total available water resources were derived from Ningbo's total water resources of 10.608 billion cubic meters in 2024. Source: https://zj.cnr.cn/mlnb/
nbgd/20250320/t20250320_527107530.shtmlCommitments and Strategy
Goneo operates in the civil electrical manufacturing industry which is not an industry with high biodiversity impacts. The Company
nevertheless attaches great importance to biodiversity protection actively responds to the Kunming-Montreal Global Biodiversity
Framework and supports the implementation of the United Nations Sustainable Development Goal 15 (SDG 15 Life on Land).The Company commits to integrating biodiversity protection concepts into the full business process: prioritizing biodiversity impact
screening and assessment within its own operational boundaries and gradually engaging supply chains industry associations
and other stakeholders in biodiversity protection actions so as to continuously reduce potential impacts on biodiversity from its own
operations and value chain.The Company strictly complies with ecological environment and biodiversity-related laws regulations and local regulatory
requirements including the Environmental Impact Assessment Law of the People's Republic of China the Biosecurity Law of the
People's Republic of China the Regulations on the Administration of Environmental Protection for Construction Projects and the
Wildlife Protection Law of the People's Republic of China. Ecological protection requirements are embedded into the full lifecycle
of project design construction operation and decommissioning and a full-process management mechanism of "pre-project EIA
verification - ecological control during construction - regular screening during operation" has been established.Management Measures
For all new rebuilt and expanded projects the Company strictly follows regulations and high standards engaging qualified third-
party professional organizations to conduct detailed risk assessments using scientific methods such as data collection and
analysis on-site surveys and predictive modeling in order to assess ecological risks potentially arising from project construction
and operation including habitat destruction and invasive species risks thereby controlling ecological impacts from the source and
ensuring consistency with ecological protection requirements.When building factories the Company preserves original trees and vegetation on site and lays out factory buildings according to
terrain to reduce damage to native ecosystems while actively protecting and restoring environmental areas affected by business
activities. In addition the Company actively avoids the use of raw materials originating from globally or nationally important
biodiversity sites.In production and operations the Company strictly supervises the use and storage of workshop chemicals (excluding precursor
and explosive chemicals) standardizes the management of hazardous waste and general industrial solid waste follows the
environmental protection "Three Simultaneities" principle oversees temporary storage and treatment of solid waste and inspection
of environmental equipment and investigates and rectifies hidden risks. The Company regularly organizes environmental emergency
drills simulating scenarios such as chemical leaks and hazardous waste spills and supervises compliant management of firefighting
facilities to reduce damage to ecology and biodiversity from emergencies such as fires.In addition in line with zoning requirements for prevention and control of soil and groundwater pollution the Company implements
anti-corrosion and anti-seepage measures requires the installation of groundwater monitoring wells and builds green rainwater
collection systems to maintain regional hydrological ecology and protect surrounding ecosystems and biodiversity. Around products
such as converters we have conducted studies on impacts on soil environments deeply analyzing potential impacts of product
production use and disposal on soil and using these findings to optimize production processes and improve product design so that
harm to soil environments across the full product lifecycle is minimized. At the same time we actively integrate biodiversity protection
into the value chain by using sustainable packaging materials and gradually promoting forest-certified paper products.The Company has identified potential biodiversity impacts in upstream extraction of copper plastics and other raw materials and will
gradually incorporate biodiversity protection requirements into supplier assessment systems to guide upstream suppliers in jointly
reducing biodiversity risks across the value chain.95 2025 Sustainability Report of Goneo Group Co. Ltd. 96
Value Co-creation
Goneo Group regards innovative research and development as the source engine of value creation and builds a solid
foundation of customer trust with excellent product and service quality. At the same time we work with upstream and
downstream partners to promote the construction of a sustainable supply chain and integrate green compliance and
resilience into the entire procurement and supplier management process. Through technology sharing standard co-
construction and value co-creation Goneo Group is committed to building a sustainable value chain that is innovation-
driven quality-oriented service-leading and green-collaborative.
5. SDGs addressed in this chapter:Material sustainability topics covered in this chapter:
– Product Quality and Safety
– Sustainable Supply ChainInnovation and R&D R&D Results
Goneo Group is guided by green design and oriented toward low-carbon manufacturing deeply integrating environmental protection
concepts throughout the entire process of product development and production and continuously delivering innovative achievements
Goneo Group has always regarded innovation as the core driving force for corporate development and has built a sound and that combine technological advancement with environmental friendliness in the fields of electricity safety smart homes and new
systematic R&D management system under the philosophy of leading industrial upgrading through technological innovation and energy.protecting innovative achievements through intellectual property rights so as to provide customers with safer smarter and greener
diversified products and services. (1) Technological Breakthroughs and Innovations
During the reporting period Goneo focused on the core demands of safety efficiency and low carbon in the charging sector and
R&D Management systematically advanced technological innovation and standard-setting in areas such as home charging public fast charging energy
management and intelligent operation and maintenance.In home charging we promoted six major safety upgrades under the new national standard for home chargers and
Goneo Group closely focuses on the core R&D management concept of "integration of inheritance and innovation focusing on established an integrated protection system covering vehicles chargers and users across six dimensions: over-
commercial value and safety". Guided by "safety as the foundation + customer orientation" the Company addresses core business temperature protection short-circuit protection leakage protection greater stability broader compatibility and enhanced durability.pain points is committed to its mission of providing customers with a safe and comfortable electricity experience and takes "safety" This improved both safety and compatibility.as the bottom line standard for new energy product R&D; builds a technological moat through "entire value chain in-house research
+ IPD empowerment" to ensure that innovation results can be mass-produced and profitable; combines "knowledge accumulation + For public fast-charging scenarios the Company successfully developed a dual-connector fast charger equipped with intelligent
rapid iteration" to improve R&D efficiency; promotes "open collaboration + industry-academia cooperation" to stimulate innovation power distribution technology. It supports not only efficient fast charging through a single connector but also stable simultaneous
vitality adheres to the open innovation strategy and jointly build a R&D ecosystem. output through both connectors effectively shortening waiting times for charging multiple vehicles and improving the overall operational
efficiency of charging stations. Meanwhile the integrated DC charger incorporates photovoltaic and energy storage technologies
Based on this the Company has built a high-quality R&D team with solid expertise optimized structure and active innovation. As of enabling efficient solar energy utilization and dynamic grid load adjustment through an intelligent energy management system and has
the end of the reporting period the Company's R&D team had a total of 1472 experienced R&D professionals. The team is centered received a Class 1 energy efficiency rating.on senior industry experts and supported by highly educated young talent. Over 60% of the team has a bachelor's degree or above.In cutting-edge fields such as new energy the Company focuses on introducing high-level overseas R&D talents with international At the intelligent operation and maintenance level the Company's self-developed intelligent O&M platform enables full-
perspectives in key fields. The R&D team accelerates the creation of solar-storage-charging solutions that meet the needs of process intell igent management and control of power dispatching remote fault diagnosis and safety warnings for
European users and drives overseas market expansion with high-level technological innovation. charging facilities providing strong support for the safe and stable operation of the charging network.Case 400kW Integrated Heavy-Duty Truck Charging Point
R&D Personnel Composition Unit 2025 2024 2023
Leveraging its technical expertise as a safe electricity solutions expert Goneo has launched a 400kW integrated heavy-
Number of R&D personnel persons 1472 1650 1581 duty truck charger designed for high-frequency application scenarios such as ports logistics parks and mining areas. Built
on green design supported by technological upgrading and aimed at energy conservation and emissions reduction the
% 11.76 12.48 11.50 product delivers a comprehensive solution that integrates efficient energy replenishment with low-carbon operations.Proportion of R&D personnel
The product is well adapted to complex operating conditions such as salt spray dust and extreme temperatures. Through
Master and PhD students persons 141 144 89 technologies including full potting protection IP55-rated dust and water resistance wide-temperature-range operation
and a modular compartmentalized design it enhances equipment stability and O&M efficiency. With features such as
By academic qualifications Undergraduate persons 748 987 818 Class 1 energy efficiency and intelligent energy consumption management it also supports the electrification transition of
commercial heavy-duty trucks.Junior college and below persons 583 519 674
(2) Product Development and Layout
In addition in order to continue to stimulate the innovative vitality of R&D talents the Company continues to improve a short- As of the end of the reporting period Goneo's new energy business had completed a full-category product portfolio spanning
medium- and long-term multi-dimensional incentive system relying on the R&D Project Reward System Patent Management household commercial and energy storage applications thereby forming a differentiated competitive advantage.System Scientific and Technological Achievements Evaluation and Reward System and equity incentive plans thereby closely
aligning organizational goals with individual growth. In the household segment Goneo launched AC charging points under the Infinity and Fengshang series overcoming technical
challenges related to reliability under extreme environmental conditions and achieving full compatibility with mainstream new energy
vehicle models to meet households' daily charging needs. Among them the flagship charging point in the Infinity series recognized
for its outstanding industrial design and adaptability to extreme environments obtained extreme-environment reliability certification
and five-star compatibility certification from CAERI and was honored as a "Recommended Case in the 10th Anniversary Achievement
Review" at the 2025 China Automotive Charging and Swapping Ecosystem Conference making it a benchmark product in the industry.Case Smart Interactive Screen Infinite Charging Point Industry Cooperation and Exchanges
Goneo launched new national standard household charging points focusing on personal
charging scenarios. Through multiple safety designs such as anti-overtemperature anti-
Goneo Group has always upheld a philosophy of open collaboration and continued to deepen exchanges and cooperation across the
short circuit and anti-leakage it not only significantly improves product reliability and user
industrial chain. In the new energy field the Group attended the China Automotive Charging and Swapping Ecosystem Conference
experience but also drives economic benefits through technological upgrades enhances
as an official partner signed strategic agreements with three mainstream charging platforms and entered into cooperation with
product market competitiveness and provides solid support for safety upgrades and green
Wuhan University and Hubei United Development Investment Group Co. Ltd. to advance collaboration in areas such as new energy
travel in the home charging field.infrastructure smart homes and talent development.In terms of digitalization Goneo entered into a full-stack AI partnership with Alibaba Cloud to explore device-side intelligent solutions
based on the Qwen large model thereby promoting the intelligent upgrading of its products and services.In addition the Group actively participated in industry exchange activities such as the Second Zhejiang Intelligent Home Appliances
In the commercial energy storage segment Goneo accelerated the deployment of liquid-cooled ultra-fast charging points and high- Consumer Brand Development Conference and the China Association for Public Companies' "Visiting Listed Companies" program and
power flexible cluster charging products. Featuring a compact design these charging points are suitable for deployment in a wide range of jointly held strategic seminars with Kmind Strategy Consulting continuously broadening its industry perspective and promoting the deep
scenarios including shopping malls and highway service areas. The supporting integrated solar-storage-charging solution helps alleviate integration of technological innovation and the industrial chain.the impact of peak-valley electricity price differentials and can be flexibly adapted to various application scenarios such as highways
towns and communities. The solution can reduce dependence on the power grid by up to 30% and the annual carbon emission reduction
of a single station is equivalent to planting 2000 mature trees demonstrating Goneo's commitment to green energy.In addition Goneo continued to upgrade its product portfolio centered on residential energy storage solutions for European households
thereby accelerating the expansion of its overseas business.During the year Goneo Group achieved a number of key technological breakthroughs in the fields of new energy traditional electrical
connection and electrical lighting. Relying on its end-to-end in-house R&D system and efficient innovation mechanism the Company
continued to generate high-quality patent outcomes providing solid technical support for sustainable business development.New Patents Added During the Year
Newly granted patents: 414
Of which the number of newly granted invention patents: 70
Of which newly granted patents related to clean technologies1: 120
New invention patent applications: 130
Cumulative Patents in Force
Total patents in force: 3282
Of which cumulative invention patents in force: 428
Of which cumulative patents in force related to clean technologies: 711
1 Clean technologies include energy conservation and environmental protection the new energy sector and new energy vehicles.Category Association Name Co-construction of Industry Standards
National Technical Committee for Standardization of Electrical Accessories (SAC/TC67)
While continuing to generate R&D achievements the Company actively participated in the development of national and industry
National Technical Committee for Standardization of Lighting Appliances (SAC/TC224)
standards transforming its core technologies into industry standards and contributing to the high-quality development of the
Electric Light Sources and Accessories Subcommittee of the National Technical Committee for industry. In 2025 Goneo led or participated in the formulation of multiple standards in areas such as new energy charging and
Standardization of Lighting Appliances (SAC/TC224/SC1) intelligent lighting equipment demonstrating the Company’s commitment to technological leadership and industry collaboration.Lamps Subcommittee of the National Technical Committee for Standardization of Lighting Appliances
(SAC/TC224/SC2)
Household Circuit Breakers and Similar Equipment Subcommittee of the National Technical Committee Role in Standard Number Standard Name Standard Level Participation
for Standardization of Low-Voltage Electrical Apparatus (SAC/TC189/SC1)
National Technical Committee for Standardization of Electronic Product Safety (SAC/TC588) GB/T 11918.6-2025 Industrial plugs socket-outlets and couplers —Part 6: DC National participate
Standardization plugs socket-outlets and connectors for ship shore power
Committee Lithium-ion Battery Safety Standards Task Force (Electronics Department of the Ministry of Industry and systems
Information Technology)
GB/Z 45268-2025 Reliability test guide for main components of LED light sources National participate
National Technical Committee for Standardization of Green Manufacturing Technology and LED lamps
Ventilation Appliances Subcommittee of the National Technical Committee for Standardization of
T/CAQI 422-2025 Gallium nitride charger quality classification Association participate
Household Appliances
T/CPQS E00080-2025 Safety of planar transformers for consumer appliances Association participate
Heating and Ironing Appliances Subcommittee of the National Technical Committee for Standardization
of Household Appliances GB/T 2099.31-2025 Plugs and socket-outlets for household and similar purposes National participate
- Part 31: Special requirements for socket-outlets equipped
Cleaning Appliances Subcommittee of the National Technical Committee for Standardization of
with USB power supplies
Household Appliances
General technical specifications for solar photovoltaic lighting
National Technical Committee for Standardization of Electrical Alloys (SAC/TC228) GB/T 24460-2025 National participate
devices
GB/T 46119-2025 Measurement of light dose for non-visual biological effects on
Electrical and Electronics Branch of China Standardization Association National participate
the human eye
Standardization Committee of China Electrical Equipment Industry Association (CEEIA)
GB/T 46148-2025 Technical specifications for intelligent charging and National participate
Electrical and Electronic Products Standardization Branch of the China Standardization Association discharging equipment for electric vehicles
(Electrical Accessories Group)
Multifunctional ceiling-mounted electrical appliances for
GB/T 26183-2025 National participate
Smart Supply Chain Standards Working Group household and similar purposes
Standardization
Zhejiang Association for Standardization (ZAS) GB 21556.2-2025 Safety technical requirements for locks Part 2: Anti-theft locks National participate
Organization
Zhejiang Provincial Technical Committee for Standardization of Lighting GB 46519-2025 Energy efficiency limits and energy efficiency levels of electric National participate
vehicle power supply equipment
Professional Committee on Solar-Storage-Direct Current-Flexibility of the China Building Energy
Conservation Association T/CAAMTB 304-2025 Quality grading and evaluation methods for electric vehicle Association participate
power supply equipment
China Communications Standards Association (TC4)
Energy efficiency limits and energy efficiency grades of range
China Communications Standards Association (TC11) GB 29539-2025 National participate
hoods and ventilation fans for household and similar purposes
T/CEEIA 903-2025 Risk assessment guide for electronic and electrical equipment Association participateChina Electrical Equipment Industry Association
— DC plugs and socket-outlets for household and similar
Electrical Accessories and Household Controllers Branch of the China Electrical Equipment Industry purposes
Association
T/CAS 988-2025 Technical specifications for quality grading and evaluation of Association participate
National- China Lighting Appliances Association smart door locks
level Industry China Communications Industry Association T/CPQS E00083-2025 Technical Specification for Energy Efficiency Testing and Association participate
Association
China Association of Automobile Manufacturers Characterization Methods of Ventilation Fans
Energy Storage Branch of the China Electricity Council T/QGCML 4994-2025 Specifications for interaction evaluation of smart door locks Association Dominate
Locks Branch of the China National Hardware Association T/QGCML 4993-2025 Security performance and testing methods for smart door lock Association DominateIntellectual Property Protection Product Quality Management
As a National Intellectual Property Demonstration Enterprise and a Zhejiang Province Demonstration Site for Trade Secret Protection
The Company regards product quality as its core commitment to consumers and the foundation of its brand. We apply strict standards
the Company has always regarded intellectual property as a core asset and a cornerstone of innovation and has continuously
throughout the entire process of design procurement and production continue to improve the quality management system and are
improved a dual protection mechanism that places equal emphasis on infringement prevention and rights protection.committed to protecting the trust of users with excellent quality.During the reporting period the Company strictly followed internal policies such as the Intellectual Property Management System
Patent Management System Copyright Management System Trade Secret Management System and Trademark Management
System. It also optimized the risk assessment and registration processes for patent trademark and copyright applications to ensure
that its innovative achievements received timely and effective legal protection. Risk Analysis
In terms of patent management the Company established an infringement risk assessment mechanism covering R&D procurement
and product launch. In trademark protection the Company put in place a full-process compliance review mechanism continued Product quality and safety as well as compliance relating to toxic and hazardous substances are among the Company's core management
trademark monitoring and searches and addressed infringements through legal means effectively safeguarding its exclusive priorities as a leading company in the civil electrical industry serving end consumers. Based on a risk classification assessment covering
trademark rights. the full life cycle of R&D supply chain production and after-sales service the Company's existing end-to-end control system can
effectively address key risk areas including general electrical safety risks specific to product segments such as new energy charging
The Company continued to combat infringement through administrative complaints civil litigation and other channels. It successfully
equipment and eye-care lamps and compliance risks in both domestic and overseas markets. Overall risks remain fully controllable andfiled invalidation requests against multiple infringing trademarks including "BULLIFTER" " 小 牛 闪 充 ”"and " 奋 斗 工 牛 " all of which
no major existing risk exposures have been identified. During the reporting period all product categories obtained the required mandatory
were upheld by the China National Intellectual Property Administration (CNIPA) effectively safeguarding its core brand assets.certifications in their respective markets. No major quality incidents large-scale recalls or compliance penalties occurred and the
During the reporting period no incidents of infringement of others’ intellectual property rights occurred at the Company. The Company Company's quality performance remained at a leading level in the industry.had a total of 1285 pending intellectual property rights enforcement cases and was awarded RMB 22.87 million in damages.The Company won the title of National Intellectual Awarded the AAA-rated Awarded the Excellence
Property Demonstration Enterprise Well-known Award for Industrial
Trademark Brand Design at the 25th China
Evaluation Certificate Patent Awards
Awarded the Silver Award for Industrial Awarded the Patent Excellence
Design at the Ningbo Patent Innovation Award at the Ningbo Patent Innovation
Competition CompetitionProbability of
Risk Category Risk Description Potential Impact Risk Level Control Measures
Occurrence Strategy and Objectives
General Short circuits overloads and Casualties substantial low high
Electrical insulation failures in sockets compensation liabilities 1) Establish an end-to-end
We have always adhered to the strategic positioning of "quality leadership" and taken "product reliability global compliance and user
Safety Risks switches and other products may irreversible damage to control system covering
satisfaction" as our guiding principles promoting the evolution of quality management from compliance assurance to value creation. During
cause electric shocks and fires. brand reputation and the entire product life cycle
the reporting period the Company focused on the full product life cycle incorporating environmental benefits and green competitiveness
regulatory penalties built on two dimensions:
into core considerations and continuously enhanced the green value of its products by obtaining international eco-design certifications
quality management and
Risks Specific High voltage insulation Vehicle damage low high and low-carbon product certifications. At the same time the Company innovatively developed an AI-enabled risk early warning system hazardous substance
to New Energy failure overcharge protection compensation claims using machine learning models to proactively identify potential failure modes and leveraging digital technologies to enhance product safety management;
Charging failure thermal runaway large-scale recalls and reliability.Points causing vehicle fires and and obstacles to the
2) Obtain certification
personal injury expansion of the new
under the ISO 9001 Quality
energy business
Management System and
Goneo Group Quality Strategic Planning Chart
Risks Specific The blue light of eye protection Consumer complaints low Relatively the QC 080000 Hazardous
to Lighting lamps (non-compliance regulatory penalties High Substances Process
Products with the RG0 blue-light and damage to lighting Management System; Positioning
Quality Leadership: Driving continuous internal improvement maintaining continuous quality leadership
classification) and substandard brand trust ensure that all products
and customer satisfaction
flicker cause vision damage have obtained domestic
Core Values Reliable Products * Global Compliance * User Satisfaction
to young people; the flame 3C certification where
retardancy of lighting products required and that export
fails products have obtained
Comprehensive Product Overseas Quality Quality Performance
more than 20 international Value Business
Supply Chain Core components such as Batch rework order low Relatively Compliance Evaluationcertifications including CE Reliability
Quality Risk copper and plastic supplied by delivery delays cost High CB UL VDE GCC PSE
upstream suppliers may fail losses and SAA in accordance Improve Long-term Reduce Overseas Improve Quality Awareness
Purpose
to meet required standards with target market User Reputation Quality Risks of All Employees
resulting in large-scale requirements;
product defects.* Establish quality performance
Risks of Upstream suppliers falsely Batch product recalls low Relatively 3)As of the end of the * Establish overseas evaluation & assessment
concealment reported material ingredients compliance penalties High reporting period in addition
Key Value * Establish reliability compliance quality processes
to basic certifications Actions design processesof hazardous and falsified test reports damage to brand management processes * Establish quality capability
substances causing finished products to reputation such as CCC CQC CE evaluation processes
in the supply exceed standards. and CB the Company
chain had also obtained multiple
product quality and safety
Domestic The product’s harmful Product removal from low high certifications in more than
market substances such as lead shelves regulatory 20 countries and regions Guided by its quality strategic planning the Company continues to improve its quality governance system and has established a dual-track
compliance cadmium and phthalates penalties and worldwide; quality management structure combining administrative and technical functions.risks exceed the GB 26572-2025 restricted domestic
At the Group level the Company has established a Quality Management Center comprising professional departments responsible for
limit or the RoHS label is not market access 4) All products on sale quality internal control and operations reliability quality engineering certification management market surveillance customer quality and
compliant; it has not obtained comply with the mandatory testing platforms. The Center is responsible for the overall implementation of the quality strategy performance assessment and day-to-
3C certification for listing. standards on hazardous day operational management and applies matrix management to the heads of quality in each business unit.
substance limits in the
Overseas Export products do not Customs clearance low high
countries or regions where In addition in March 2026 the Quality Management Center formally established the Quality Technical Committee which consists of three
market comply with EU REACH disruptions
they are marketed. Export specialized committees: the Product Reliability Committee the Product Compliance Committee and the Quality Assurance Committee.compliance SVHC PFAS restrictions and destruction of entire
products maintained a Through horizontal collaboration across business units the Committee coordinates and advances standard setting technical reviews and
risks US Prop 65 requirements product batches
100% customs clearance experience sharing thereby building a closed-loop quality risk prevention and control mechanism covering the full product life cycle. The
substantial fines and
compliance rate and two systems complement each other and jointly support the implementation of the quality strategy of "product reliability global compliance
restricted access to
the Company did not and user satisfaction" providing a solid foundation for the Group’s high-quality and sustainable development.overseas markets
receive any administrative
Consumer Small-batch product Damaged brand low medium penalties related to product
complaints and defects trigger concentrated reputation and short- quality or hazardous
public opinion complaints and negative term sales decline substances.risks public opinionGoneo Group Quality Governance Structure In addition the Company steadily advanced the implementation of the IATF 16949 system in the New Energy Business Division actively
applied AI technology to product quality testing and continuously strengthened its end-to-end product quality control capabilities
providing strong assurance for product safety and stable quality. As of the end of the reporting period relevant operations of 11 Group
Goneo Group
entities including wholly owned subsidiaries had obtained ISO 9001 Quality Management System certification.Quality Management Center
Administrative Management Line
Technical Committee Line Quality Technical Committee
(Functional Departments)
Quality Internal Control & Operations Dept.Product Reliability Product Compliance
Quality strategy implementation system Quality Assurance
management digital promotion and culture Committee Committee Committee
development
Software Quality Product Certification Quality Internal
Reliability Quality Engineering Dept. Sub-committee Compliance Sub- Control Sub-com.Full-chain product reliability control and supplier Unifying software com. Horizontal collaborative
quality management quality standaros Formulating governance
empowering certification establishing layered
Certification Management Dept.full lifecycle planhine schemes d audlt & crossaudit
Domestic & interational product certification
rellabiley establishing core cert. mechanisms
compliance management and standards revision
assurance resource pools
Market Supervision Dept. Market QualityProduct Standards Improvement
Government supervision event handling product Compliance Sub- Rapid risk identification
sampling rectification and brand reputation com. closed-loop linking
maintenance
Building internal E-CAPA to drive
Customer Quality Dept. compliance criteria improvement delivery
Market quality data goverance driving source handling disputes and Other Certification Marks Held by the Company Besides CCC CQC CE and CB
improvement with full-process closed-loop rectifications
management Product Supervision
Compliance Sub-
Testing Platform Case Goneo Group won the title of "National Product and Service Quality Integrity Commitment Enterprise"
com.Product testing & evaluation measurement
Sampling inspections &
calibration and laboratory system management In March 2026 Goneo Group participated in the "National Product and Service Quality Integrity Commitment" themed event
supervision
organized by the China Association for Quality Inspection and was honored as a National Product and Service Quality Integrity
Quality Leaders of Each Unit compllance
Commitment Enterprise. Since its establishment Goneo Group has always regarded product quality as the lifeline of the
Managed under matrix structure by the Quality rectification closed-
enterprise and has consistently implemented a high-standard quality management system. In future development Goneo
Management Center covering each business unit / loop
Group will continue to improve product quality and brand competitiveness with "product reliability global compliance and user
subsidiary
satisfaction" as its core focus.Under the dual-track quality management governance structure and supported by relevant laws and internal systems we systematically
implement and standardize the quality strategy and control requirements. The Company strictly complies with the Product Quality Law
of the People's Republic of China the Law of the People's Republic of China on the Protection of Consumer Rights and Interests the
Regulations on the Administration of Compulsory Product Certification the Administrative Measures for the Restriction of the Use of
Hazardous Substances in Electrical and Electronic Products and relevant laws and regulations in overseas markets including EU RoHS
2.0 REACH and PFAS restrictions covering an end-to-end quality control process from R&D and design material selection and lean
manufacturing to after-sales service.During the reporting period the Company also formulated and updated the Quality Management Manual the Product Quality Supervision
and Spot Inspection Management System the Product Quality Issue Escalation Management Provisions the Quality Improvement and
Reward Management System the Hazardous Substances Management System and the Product Recall Management Provisions among
other systems and rules to standardize quality management processes and ensure product quality and environmental compliance. By
implementing strict hazardous substance control standards and promoting green and lean innovation in the production process the
Certificate of "National Product and Service Quality Integrity Commitment Enterprise"
Company is committed to repaying the trust of every user through excellent product quality and professional service experience.Management Measures
Case Goneo Products Received the "Brand Case Goneo Track Socket Obtained Korean
Leadership·Craftsmanship Product"Honor KC Certification
The Company has built a solid quality defense line from source to end strengthened source prevention with product audits ensured rapid
In November 2025 in a selection event organized by the In January 2026 Goneo Track Socket was certified by response with recall mechanisms simultaneously promoted the construction of quality culture and laid a solid foundation for quality risk
Talent Exchange Center of the Ministry of Industry and South Korea's KC (Korea Certification) and obtained management and control in all aspects.Information Technology and undertaken by the Dual- the world's first KC certificate; on January 14 the
Quality Initiative the Goneo Little Devil Angle Grinder and company held a certificate awarding ceremony at its
the Goneo Ruilifang Shock-Protection Residual Current headquarters. KC is South Korea's statutory mandatory (1) Quality Management Process
Device stood out among more than 800 brands and over safety certification which requires standardized safety
2000 cases and both received the"Brand Leadership testing and factory inspections focusing on verifying The Company continues to improve its quality management processes covering the entire chain of product R&D procurement
*Craftsmanship Product" honor. Among them the indicators such as electrical safety electromagnetic production and sales with a focus on key areas such as new product quality risk control continuous improvement in supplier quality
Little Devil Angle Grinder is noted for its strong power compatibility and energy efficiency. This certification production process quality control and customer experience monitoring. Through rigorous standards and closed-loop management
and durability while the Ruilifang device supports direct broke through the "standard gap" and was completed by the Company strictly controls product quality to ensure that every product can stand the test of the market. On this basis the Company
replacement and upgrade cuts off power within 0.01 the Goneo R&D and certification team and South Korea's conducts systematic certification testing for product quality and safety and further verifies and safeguards product safety through
seconds and enhances reliability through silver-alloy KTL to obtain official access qualifications for the product authoritative third-party certifications.contacts and a highly flame-retardant housing making it to enter the Korean market.a trusted choice for over 500000 households. Product Quality Control Process
????
(Receipt No.) : 25-060735-01-1
?????
Safety Certificate
??????
(Certificate No.) : SU04442-25001
????/?????
(Manufacturer/importer) : Goneo Group Co. Ltd. * Gain deep insight into customer needs and integrate them into product development; strictly follow
? ? No.32 Sanhai Road Eastern Area Guanhaiwei Industrial Zone
(Address) : Cixi CityZhejiang Province China
??????(????????)
(Product) : Socket-outlet(Power tracks system)
?????
(Basic Model) : GN-GS40G new product quality risk control requirements; and carry out quality planning and control throughout
?????
(Series Model) : GN-GS40G-B R&D
??/??????????
(Rating) : 250 V~ 16 A Max. 3520 W
? ? ? ? : KC60884-1(2025-05) all stages from project initiation design and development and prototype testing to mass production (Standard)
?????????:??
? ? ? ? ? : Goneo Group Co. Ltd.????? ?? : No.32 Sanhai Road Eastern Area Guanhaiwei Industrial
Zone Cixi CityZhejiang Province China
? ???? ??? so as to ensure product quality.「??????????????????」?9??2??4??10??2????15??2????
???????????.We Issue This Safety Certificate for the above appliances in accordance with the Article 9(2)9(4)10(2
)or 15(2) of the Enforcement Rule of the Electrical Appliances and Consumer Products Safety Control
Act.
2025?11?24?
Year month day
??????????
KOREA TESTING LABORATORY
※?????「??????????????????」??????????????????????????????
??????????????????????????????.
1. ????? ?????? ? ????(List of Critical Components)
???? 2. ?????????? ?? (Descriptions of the basic and series model)
3. ????? ?? ?? (Revisions Status)
* Establish an efficient supplier quality management team and implement full-life-cycle quality
Certificate of "Brand Leadership·Craftsmanship Product" KC Certificate (South Korea)
management for suppliers covering key stages such as supplier selection performance evaluation
and product introduction; carry out a range of supplier quality improvement initiatives including
Procurement
training on supplier PSP improvement tools and supplier quality coaching; and establish a digitalized
approval process for mass-production parts enabling end-to-end process management and
data-based control over sample approval and mass production approval for product components.Target 2025 Progress Status
The product's major quality event is 0 0 Achieved
* Implement quality control measures in strict accordance with system standards and actively
Production
Number of product quality recall incidents ：0 0 Achieved promote quality culture development.Administrative penalty incidents related to quality issues are 0 0 Achieved
0 violations affecting the health and safety of products and services 0 Achieved * Establish a satisfaction monitoring and evaluation model covering all scenarios including
consumers distributors and the market and regularly conduct satisfaction surveys to ensure that
0 major quality disputes under external supervision 0 Achieved
Sales customer feedback is responded to and addressed in a timely manner; use customer feedback
to inform new product development and drive continuous iteration and upgrades in subsequent
Number of environmental non-conforming outflow incidents：0 0 Achieved
products thereby continuously enhancing customer satisfaction.First-pass rate of hazardous substances testing for finished products is 100% 100% Achieved
On-time closure rate of corrective actions for non-conforming hazardous substances in finished 100% Achieved
products is 100% * Formulate the Product Recall Management Provisions and establish a recall task force; the quality
Recall departments of the business units collaborate with relevant departments to implement the handling
Number of cases of process contamination with hazardous substances in the manufacturing 0 Achieved and tracking of recalled products; and regularly conduct recall simulation drills.process: 0 cases
Supplier parts HSF test reports are provided with a timely rate of 100% 100% AchievedDuring the reporting period in response to issues such as the low efficiency of traditional manual inspection and a high risk of missed
Case
inspections the Company introduced an intelligent inspection system based on AI + 3D visual guidance technology. The system uses Murora Launches a Whole-house Smart Lighting System
industrial robots equipped with high-precision visual recognition modules and deep learning algorithms to achieve real-time product
inspection and accurate identification and to automatically complete defect detection and dimensional measurement. The application On June 5 2025 at Design Shanghai 2025
of this technology significantly improved inspection efficiency effectively reduced the missed inspection rate and strengthened quality Goneo's sub-brand "Murora" officially launched its
control through intelligent means providing strong support for the quality and reliability of the entire production process. whole-house smart lighting system marking the
beginning of the era of Healthy Lighting 2.0. The
system was developed on the basis of the Smart
Healthy Light Environment Laboratory jointly
established by Murora and Tongji University with
a focus on research into lighting needs and healthy
lighting design standards for people of different age
groups. It is committed to building a healthy lighting
environment for Chinese households across all
ages and scenarios and to translating research
results into effective solutions for improving
residential lighting environments.AI-based product quality inspection equipment Goneo Murora and Tongji University jointly launched
the International Healthy Light Joint Action
(2) Product Health and Hazardous Substance Management
Case Two products obtained TüV's "Superior Light Certification Certificate"
The Company adheres to the principles of health first and source control focuses on the field of smart healthy lighting and is actively
developing the Murora AI brand. At the same time hazardous substance management requirements are systematically embedded into
every stage of R&D and design raw material selection manufacturing and supply chain collaboration thereby establishing a routine On March 26 2026 Goneo Group and TüV SüD jointly held the TüV SüD Excellent Light Certification presentation ceremony
management mechanism for product health and hazardous substances. the Goneo Lighting Laboratory ErP accreditation presentation ceremony and the strategic framework agreement signing event
at Goneo headquarters. This marked a new stage of development for Goneo in quality control technological R&D and global
expansion.Product Health Practices
During the event TüV SüD awarded "Superior Light Certification" certificates to two Goneo products demonstrating that they
The Company is committed to providing users with safer and healthier product experiences and deeply integrates health concepts into deliver a healthy comfortable and authentic high-quality lighting environment. This certification not only reflects the high
product R&D and design. During the reporting period the Company officially launched a whole-house smart healthy lighting system recognition Goneo Lighting has received from internationally recognized certification bodies in terms of quality visual health and
through its no-main-light brand Murora marking the beginning of the Healthy Lighting 2.0 era. user experience but also lays a solid quality foundation for the Company's further expansion into global markets.At the core technology level Murora partnered with Seoul Semiconductor a world-leading light source technology company to jointly
develop a new generation of violet-light-excited natural spectrum technology achieving up to 98% similarity to the solar spectrum.According to testing by an authoritative third-party institution the product met leading standards including no visible flicker RG0
exemption classification for blue-light hazard and a color rendering index of Ra > 98. At the same time Murora launched MOS dynamic
healthy lighting fitting technology redefining standards for healthy lighting at the software algorithm level across three dimensions: visual
comfort natural spectrum and AI pastel lighting. Based on these two core technologies Murora introduced three major solutions for visual
health sleep health and emotional well-being tailored to users of different age groups and diverse usage scenarios turning healthy
lighting from a concept into tangible and customizable user value.In terms of ecosystem development Murora leverages the MOS Home intelligent control system to enable integrated connectivity across
product categories such as smart lighting smart shading smart HVAC smart security and smart audio thereby building an interconnected
smart living ecosystem covering all scenarios. In external collaboration the Company has entered into strategic partnerships with leading
enterprises such as Alibaba Cloud Hikvision EZVIZ and AISpeech integrating large AI models security linkage and voice interaction
capabilities to improve the closed-loop whole-house smart ecosystem. At the same time the Company established the Smart Healthy
Light Environment Laboratory with Tongji University jointly built AI Healthy Lighting Laboratories and mental wellness spaces with top
universities such as Shanghai Jiao Tong University and Wuhan University and released the White Paper on the Psychological Effects of "Superior Light Certification" Certificate
Color Combinations continuously strengthening its technological capabilities and improving the AI-enabled healthy lighting ecosystem.Hazardous Substance Management
Case Goneo Lighting Received Multiple Recognitions Including "Top 10 Healthy Lighting Brands"
The Company strictly complies with the EU RoHS 2.0 Directive the REACH Regulation the POPs Regulation the PAHs Regulation the
At the 2026 China Lighting Industry Brand Ceremony jointly organized by the China Hardware and Electrical Distribution Alliance new Battery Directive and other applicable laws and regulations in the markets in which it operates and manages hazardous substances
and Dazhaoming All-Platform the winners of the 2025 Bright Awards were announced. Goneo Lighting was named one of the throughout the entire product life cycle. During the reporting period the Certification Management Department of the Quality Management
Top 10 Healthy Lighting Brands of the Year and one of the Top 10 Home Lighting Brands of the Year while its Xiaoqingkong Center continuously tracked relevant developments in hazardous substance regulations in China and overseas markets and promptly
Floor Lamp (Flagship Model) received the Innovative Product of the Year Award. By integrating lighting design into everyday communicated them to the quality departments of each business unit ensuring that environmental compliance requirements were fully
living scenarios advancing the development of healthy lighting environments and collaborating with university laboratories and embedded in all stages of product R&D supplier management production finished product inspection and shipment.industry partners the Company continues to enhance eye-care performance and overall user experience.At the same time the Company comprehensively upgraded its Hazardous Substances Management System with a focus on adding
requirements for calculating the content of substances of very high concern (SVHCs) under REACH strengthening the identification
of environmental compliance attributes of materials during the R&D stage introducing basic qualification review requirements for HSF
suppliers and improving testing rules for HSF risk materials thereby strengthening the foundation for product environmental compliance
at the source. As of the end of the reporting period four Group entities had obtained QC 080000 Hazardous Substances Process
Management System certification.During the reporting period the Company recorded no violations related to the health and safety impacts of its products and services.Hazardous Substance Management Process of Goneo Group
Communicating HSF Communicating HSF material
requirements control requirements
HSF Supplier and MaterialGoneo Lighting won the "Annual Healthy Lighting Brand Award TOP10” Clarifying HSF control requirements HSF Control during the R&D Stage Procurement Management
* Collect organize and communicate * Incorporate HSF control and * Conduct an environmental system
HSF requirements of target markets environmental protection design capability evaluation for newly
and customers requirements into the design developed suppliers and perform a
planning input control and output risk audit based on the HSF risk level
Case Goneo's "Xiaoqingkong Floor-standing Eye-care Lamp" creates a healthy lighting experience stages embedding environmental associated with the supplied materials/
protection codes auxiliary materials
* Clarify the classification and testing * The supplier is required to provide a
In September 2025 Goneo launched its "Xiaoqingkong" floor-standing eye-care lamp / violet-light floor-standing eye-care rules for material risk levels hazardous substance testing report
lamp. The entire product line is equipped with violet-light-excited full-spectrum technology which reduces harmful blue- and sign the Environmental Compliance
light peaks at the source and advocates a "zero blue light" eye-care concept. The products are available in entry premium Declaration
and flagship models based on different space and household needs covering scenarios such as children's rooms compact * Clarify the HSF incoming inspection
study rooms and family learning areas. Relevant materials indicate that the series obtained a "Market Position Statement" and requirements conduct a hazardous
substance investigation on incoming
reported quantified improvements in visual comfort cognitive processing speed visual fatigue and sleep onset time.materials and embed environmental
protection codes
Communicating HSF production control Materials that meet HSF
requirements requirements
HSF Finished Product Inspection and Pollution Source Control during
Logistics Shipment Production Process
* Complete the environmental testing of new products * Carry out the identification and evaluation of
in accordance with the environmental testing hazardous substances and pollution sources
requirements during new product development during the process and regularly conduct
* Ensure that the environmental attributes of the audits of production workshops or production
product are correct before proceeding with logistics lines for environmentally friendly
and product shipment * Conduct HSF process inspection
The Entire “Xiaoqingkong Floor-standing Eye-care Lamp” Series by Goneo Is
Equipped with Violet-light-excited Full-spectrum Technology Products that meet HSF requirementsEnd-to-end Hazardous Substance Management Measures
Case Cadmium-free Upgrade of Silver Contact Materials
Stage Key Initiatives Resource Support
In response to increasingly stringent environmental regulations in China and overseas markets Goneo Group implemented
a green upgrade of the silver contact materials used in the core contacts of its switches fully replacing traditional cadmium-
Green concepts are incorporated at the source of product design containing AgCdO (silver cadmium oxide) with environmentally compliant AgZnO (silver zinc oxide) thereby eliminating the
by selecting recyclable thermoplastic materials and low-energy- pollution risks associated with cadmium at the source. At the same time the Company formulated and issued the corporate
consumption materials thereby reducing resource consumption standard General Requirements for Silver Contact Procurement (Q/GN 003005-2025) clarifying the technical parameters and
and carbon emissions and laying the foundation for low-carbon testing specifications for environmentally compliant materials and ensuring coordinated upgrades across the supply chain. At
To develop environmentally
performance throughout the full life cycle. present switch products using AgZnO materials account for 75% of total SKU coverage. This measure has effectively helped
friendly and safe products the
the Company overcome environmental compliance barriers in overseas markets while further reducing the potential harm of
Design Stage Environmental compliance codes are embedded into products Company continued to increase toxic substances to the ecological environment.during the design and development stage to indicate compliance with investment in environmental
relevant environmental requirements. All compliant materials and testing equipment outsourced
finished products are assigned environmental compliance codes and testing and staffing in 2025.all deliverables in the new product development stage are marked
accordingly to ensure the effective transmission of environmental Specifically the Company Case The Company Established Its First Specialized Chemical Laboratory
compliance requirements. invested approximately RMB
2.42 million in environmental To strengthen source control over hazardous substances
Materials are required to comply with international environmental
testing equipment and installed in products Goneo Group established its first specialized
standards such as RoHS and REACH with hazardous substances
four GC-MS instruments for chemical laboratory in 2025 with a focus on building RoHS
such as lead and mercury controlled within regulatory limits to reduce
testing toxic and hazardous (Restriction of Hazardous Substances) testing capabilities.potential harm to the environment and human health.substances; invested The laboratory provides technical and capability preparedness
The Company strictly controls hazardous substance content in its approximately RMB 0.7 for the full implementation of China's RoHS regulations in 2027
Material Selection products and closely monitors the standards set out in laws and million in outsourced testing and offers solid support for the environmental compliance of
regulations such as the EU RoHS 2.0 Directive and the REACH expenses; and strengthened product lines such as lighting converters and new energy
Regulation. When a hazardous substance is found to exceed its professional team by products. Equipped with advanced testing instruments the
regulatory limits the Company formulates a Hazardous Substance adding one RoHS testing laboratory has developed in-house testing capabilities for
Reduction Plan actively seeks alternative materials and minimizes engineer two environmental multiple restricted substances enabling it to effectively support
the use of hazardous substances by improving production processes. management system experts overseas RoHS testing needs and cumulatively save more than
two professional environmental RMB 11 million in external testing costs.The Company has established a compliance risk control mechanism testing engineers and more Goneo Chemistry Laboratory
covering the full process from raw materials to injection molding and than 17 personnel dedicated to
Supply Chain and
ensures 100% environmental compliance of raw materials through advancing the environmental
Manufacturing
TDS documentation and third-party environmental certifications. It management system.Process
also continues to strengthen environmental compliance audits and Case Strengthening Hazardous Substance Compliance Management with a Focus on Global Management
workshop qualification management in manufacturing operations Regulatory Requirements
thereby improving compliance management in molding operations.To enhance hazardous substance compliance management for products in
global markets Goneo Group organized a dedicated training program on global
environmental regulations focusing on the regulatory requirements of key
Case Reducing Hazardous Substances at the Source Through Resistance Welding Process Upgrades markets such as China the European Union and the United States. The training
systematically interpreted the latest developments in core regulations such
as RoHS including their regulatory scope limit requirements and key market
Traditional soldering processes present quality risks such as cold solder joints and poor soldering while high-temperature
access requirements. Drawing on typical cases the training focused on product
operations increase the risk of burns. In addition the soldering process generates a large amount of tin-containing metal fumes
R&D material control and manufacturing and provided targeted explanations of
creating significant environmental pressure. Since 2023 the Converter Business Division has comprehensively promoted
key risks and critical control requirements in hazardous substance management
upgrades replacing traditional soldering with resistance welding. To date it has introduced 20 resistance welding machines Group Photo from the Training on
helping relevant personnel deepen their understanding of global environmental
across 25 production lines achieving a transformation rate of 70%. Resistance welding joins metals through resistance heating Environmental Regulations in China
compliance requirements. Through this training the Company further enhanced Europe the United States and Other
and requires no consumables other than electricity generating only trace amounts of copper fumes. This process upgrade
the ability of its quality R&D and other related teams to identify understand Global Markets
has reduced annual solder wire consumption by 180 tons eliminated metal fumes and carbon dioxide emissions associated
and implement requirements for controlling toxic and hazardous substances in
with the soldering process reduced hazardous substances at the source and delivered both quality improvement and greener
products laying a solid professional foundation for strengthening environmental
manufacturing.compliance management across the full product life cycle and supporting the
Company's global market expansion.(3) Product Quality Audit External audit of Quality Management System
The Company continues to improve its product quality management and audit mechanisms. In accordance with the requirements of During the reporting period the Company carried out external audits of the ISO 9001 quality management system and QC 080000
the ISO 9001 Quality Management System it conducts internal audits to systematically identify weaknesses in the product quality standards through third-party professional institutions on major production and operation entities to ensure the effective operation of the
management process and drive rectification thereby continuously enhancing the standardization and effectiveness of quality system and achieve 100% closed-loop rectification of the problems discovered.management.* All operating entities have 100% ISO 9001 coverage.Internal Audit of the Quality Management System Audit Objectives * QC 080000 covers 4 entities of the group's functional departments converter division Banmen Electric
Appliance and new energy division
The Company has established a normalized internal quality audit mechanism covering all entities. Through regular audits tiered incentives
and closed-loop rectification it systematically ensures the compliance and effective operation of the quality management system.Audit Standards ISO 9001 standard QC 080000 standard
* Achieve 100% ISO 9001 coverage across all operating entities
Audit Objectives * Ensure QC 080000 coverage for four units: the Group's functional departments the Converter Business Review Results No major non-conformities were identified
Division Banmen Electric Appliance and the New Energy Business Division
Audit Frequency Annually
Supplier Quality Audit
The Company attaches great importance to supplier quality management and regards supplier quality audit as the key to ensuring the
* The Company organizes annual internal audits based on the ISO 9001 Quality Management System stability and reliability of the supply chain.* Special internal audits of the QC 080000 Hazardous Substances Management System are also
Audit Standards
conducted for four certified business units including the Converter Business Division and the New During the reporting period we systematically carried out annual supplier quality audits conducted evaluations around product supporting
Energy Business Division capabilities production capacity equipment capabilities and supply chain control and conducted a comprehensive assessment of our
closed-loop response capabilities to customer complaints. For unqualified suppliers discovered during the audit the Company adopts
a hierarchical disposal mechanism of "time limit rectification - performance level adjustment - deactivation and freezing" to promote the
continuous improvement of supplier quality compliance level; for suppliers that have not completed the audit this year the company has
Audit Results No major non-conformities were identified
included them in the next year's audit plan and initiated the optimization of screening rules to further improve the coverage efficiency and
management quality of supplier audits.Closed Loop All issues identified during internal audits are tracked through the CAPA (Corrective and Preventive
Action) process initiated via the OA system with a 100% issue closure rate
Rectification (4) Product Recall Management
The Company continues to improve its product recall management mechanism and has formulated the Product Recall Management
Provisions and established a dedicated product recall team clarifying organizational responsibilities risk assessment approval
requirements implementation procedures and follow-up handling requirements for product recalls.In 2025
Led by Group Quality and composed of representatives from customer service sales procurement and other relevant units the
product recall team is responsible for assessing recall risk levels and defect impacts formulating recall implementation plans and
Number of business divisions conducting internal Number of business units conducting special QC 080000 coordinating key matters such as recall policies communication scripts recall procedures and arrangements for receiving returned
audits of the quality management system11 internal audits 4 products. The quality departments of the business units work together with relevant departments including customer service
e-commerce management merchandise operations warehousing and order delivery to confirm recall product information
communicate with the market manage product returns carry out isolation management track recall progress and handle follow-up
actions thereby ensuring an efficient closed-loop recall process.Closed-loop rectification rate for issues identified
during internal audits through the OA system In the course of implementing a product recall the Company first determines whether a recall should be triggered based on the risk
level of the quality issue. Group Quality then leads the relevant departments in establishing a product recall team to conduct risk
100% assessments clarify the impact of defects and formulate recall implementation and communication arrangements. Once a recall is
initiated the relevant departments are responsible for verifying and organizing information on affected products notifying the market
and customers coordinating product returns arranging warehouse receipt and isolation management tracking recall progress and
handling follow-up actions. The quality department of the business unit maintains a recall register and continues to track the recall until
closed-loop resolution is completed.During the reporting period the Company regularly
carried out recall simulation drills involving key persons Case Government-Enterprise-School Collaboration for Electrical Safety on Campus
in charge of each business unit covering all finished
product business units and factories. In response to On March 12 2026 which coincides with the "3*15" Consumer Rights
the problems discovered during the drill the Company Protection Day Goneo Group as a collaborative unit joined hands
promptly reviewed and summarized the issues identified with the Zhejiang Provincial Fire Rescue Bureau and the Hangzhou
continued to optimize the Product Recall Management Fire Rescue Bureau to jointly organize the "2025 Zhejiang Province and
Regulations and the recall management process and Hangzhou City Fire Protection Product Promotion Month Launching
carried out special training to continuously improve Ceremony and College Campus Fire Safety Promotion Activity" at China
employees' ability to respond quickly to and handle recall Jiliang University. The activity took the form of "Safe Electricity Use
Recall process diagram incidents in a standardized manner. Challenge" as an interactive format. It designed multiple challenges
around common knowledge about daily electricity use such as the use of
Through continuous improvement of the recall management
power strips and safe management of wires allowing college students
mechanism and personnel capacity building the Company
present to unlock knowledge about safe use of electricity and enhance
had no product quality recalls during the year. Campus fire safety publicity activities at China
safety awareness through fun interactions. Jiliang University
(5) Quality Culture Construction
The Company continues to strengthen the development of its quality culture. Guided by this culture it continues to consolidate the
quality foundation for both internal employees and consumers.For internal employees the Company organizes systematic study of relevant laws regulations and standards including the Product
Quality Law Standardization Law Measurement Law and relevant certification requirements for electrical production in order to
strengthen quality compliance awareness among all employees. At the same time the Company regularly carries out training on
quality management tools such as QC group activities Quality Function Deployment (QFD) and TRIZ innovation methods strengthens
employees' professional capabilities and organizes quality improvement evaluation activities to stimulate employee enthusiasm for
participating in quality improvement thereby driving continuous enhancement of product quality.For consumers the Company extends its quality and safety philosophy to the product use stage and actively fulfills its social
responsibility for product safety education. The Company attaches great importance to consumer health and safety. In product
manuals it clearly explains the health and safety impacts that may arise during the installation and use of various products and
provides clear warnings against common improper operations to minimize risks in use. Relevant product instructions1 and disclosures
on toxic and hazardous substances2 have been made publicly available on the Company's official website for consumers to access at
any time. At the same time the Company has established an after-sales service hotline to collect feedback related to product quality
and safety in a timely manner and ensure that consumer feedback is effectively addressed.Company product manual diagram Description of toxic and harmful substances in products
In addition we have taken the initiative to go beyond the enterprise and link up with governments universities and other parties to deliver
knowledge on safe electricity use to campuses and communities through interactive experiences fun challenges and other vivid forms
greatly expanding the coverage of quality and safety education. This series of practices is not only an active extension of the Company's
fulfillment of product safety responsibilities but also a vivid practice of quality culture in a wider social scenario.
1For product manual details please visit the official website: https://www.gongniu.cn/show-41-25-1.html
2For details on hazardous substances in the product please refer to the official website: https://www.gongniu.cn/server/quality.htmlCustomer Service Management Process
Customer Relationship
For internally circulated service tickets the Company implemented an escalation and notification
Management Optimize Work Order mechanism for tickets not closed within 24 hours. For tickets handled by external parties such Circulation as business units and distributors daily reviews were conducted to identify and escalate five
Mechanism to Boost categories of priority tickets for follow-up. As a result the average issue resolution time was
Goneo Group has always regarded the protection of consumer rights as an important pillar of corporate sustainable development. Efficiency significantly reduced from 170 hours to 80 hours and the 72-hour closure rate rose to over 83%
Adhering to the brand mission of "providing customers with a safe and comfortable electricity experience" the Company will focus on markedly enhancing service responsiveness and providing strong support for improving front-end
reshaping the user experience in 2025 building an integrated digital platform as the cornerstone and creating a service center centered on customer satisfaction.the ultimate user experience. Through an innovative organization of "group management direct user access" the Company systematically
builds a user experience value stream and is committed to winning the lifelong trust of users with reliable intelligent and services that On the customer-facing side the Company launched "Goneo AI Smart Service" powered by an
exceed expectations. Deep Al Integration intelligent collaborative knowledge base for 24/7 online support.to Reshape Service
Knowledge retrieval time shortened from 180s to under 20s.Experience &
Customer Service System Efficiency Automatically resolved over 650000 after-sales inquiries throughout the year significantly
boosting service accessibility and response speed.The Company continues to improve the customer service management system formulates and strictly implements a series of regulations
Systematic Training The Company placed great emphasis on strengthening the capabilities of its service team. In
such as the Customer Satisfaction Management Regulations Customer Complaints and Public Opinion Management System
to Strengthen 2025 conducted 21 specialized training sessions and assessments covering product knowledge
Customer and Consumer Service Response and Improvement Management Regulations Overseas Customer Complaints Closed Loop
Professional business skills and legal compliance. Organized skills competitions to drive learning through
Management Measures and updates the Satisfaction Management Measures to standardize the process and consolidate the foundation
Capabilities competition. Effectively empowered service staff to resolve user issues more efficiently and
of service management. In 2025 the Company continued to deepen its service management system around three key priorities: data-
accurately.driven management closed-loop management and institutional support. By introducing a post-closure callback mechanism for service
tickets the Company enhanced data-driven management and established a closed loop of issue attribution root cause analysis
improvement and verification to drive continuous optimization. Conducted special service experience optimization initiatives continuously identifying customer
Experience Closed-
pain points and operational bottlenecks across the full process for targeted improvements.loop Management
Resolved 38 experience issues throughout the year ensuring continuous process iteration and
to Drive Continuous
guaranteeing efficient high-quality service delivery.Customer Service Management Optimization
Customer service is the primary touchpoint between the Company and consumers and it is also where the brand promise is
ultimately delivered. Goneo Group has always regarded customer service management as a core driver of user trust and brand The Company places a high priority on enhancing the professional capabilities of its customer service team. In 2025 it conducted
value. During the reporting period to systematically improve service quality the Company continued to enhance its end-to-end systematic training programs covering product knowledge business skills legal compliance and other areas and organized skills
service management system leveraged digital tools to improve response efficiency ensured effective issue resolution through competitions to foster learning through competition. These initiatives effectively enabled customer service personnel to resolve user issues
a closed-loop mechanism and fostered user trust through transparent communication. The Company is committed to providing online with greater efficiency and accuracy. As a result the self-resolution rate of customer complaints increased by 32.75% during the
every consumer with a convenient efficient and warm service experience. year.Customer Management Targets and Progress
FY2025 ESG Targets Performance in 2025 Status
No product health and safety
0 items Achieved
complaints occur
0 major customer complaints occurred 0 items Achieved
Zero marketing violations 0 items Achieved(1) Customer Complaint Management
Responsible Marketing
The Company consistently regards consumer feedback as an important driver of continuous improvement and continues to refine
its customer complaint handling mechanism. It has established an end-to-end management system covering complaint intake
Goneo Group strictly complies with applicable laws regulations and industry standards in the jurisdictions where it operates including the information verification classification and tiering coordinated resolution feedback on outcomes and record filing and tracking.Advertising Law of the People's Republic of China the Anti-Unfair Competition Law of the People's Republic of China the Anti-Monopoly Customers may submit complaints through official service channels public platforms and third-party institutions and all complaints
Law of the People's Republic of China the Law of the People's Republic of China on the Protection of Consumer Rights and Interests the are centrally registered and incorporated into a structured management system.Product Quality Law of the People's Republic of China and the Measures for the Administration of Internet Advertising. The Company has
also formulated the Goneo Group Responsible Marketing Policy under which it commits to carrying out advertising and marketing activities For different types of complaints the Company adopts classified and tiered handling based on factors such as incident severity
responsibly preventing false advertising misleading statements and the concealment of material information protecting consumers’ compensation amount response timeliness and potential impact. A rapid escalation mechanism has been established for major
legitimate rights and interests and promoting responsible and ethical business practices. complaints cases involving regulatory intervention and high-risk incidents enabling coordinated responses across relevant
departments. For complaints that remain unresolved beyond the prescribed timeframe without substantive progress the Company has
also established a fast-track handling mechanism to prioritize customer issue resolution. The Company requires full documentation of
Issue Policy Contents all complaint handling processes and ensures traceability of outcomes while strictly protecting customers' personal information and
privacy. In doing so it continues to improve customer experience and enhance service governance.All marketing activities conducted by Goneo including their content and methods shall comply with the
Customer Complaint Handling Process
Compliance with Laws and applicable laws and regulations as well as relevant industry standards and guidelines in the jurisdictions
Regulations where the Company operates.* Receive complaints from all channels through a centralized process.Complaint Acceptance and
* Verify customer information and complaint details.During marketing activities information shall be disclosed objectively and fairly to ensure Information Verification
Accurate Information * Create a work order and enter information.that all communications are truthful complete and transparent and do not mislead or
Disclosure
conceal material information. Classification and Severity
* Classify and assess complaints based on their nature level of impact and other relevant
Assessment Judgment
factors.Privacy and Information The Company fully respects and protects the privacy and personal data of customers and
Security Protection consumers.* General complaints: handled directly by the User Service Operations Center or relevant
responsible personnel.In its marketing activities the Company actively promotes environmental awareness advocates Disposal and Assignment * Serious complaints: led by customer complaint specialists in coordination with the responsible
Social Responsibility sustainable consumption and encourages consumers to adopt low-carbon and environmentally of Responsibilities departments
friendly lifestyles.* Major complaints: escalated to the crisis response team with coordinated handling by user
service quality legal and other relevant departments.The Company continues to strengthen its responsible marketing training and oversight mechanisms. Each year it carries out periodic
responsible marketing training for employees within the marketing system as well as external partners such as distributors and agents in Escalation Mechanism * Escalation based on the nature and impact of the incident.order to systematically communicate relevant policy requirements and ensure that all participants in marketing activities strictly adhere to
the Company's standards in practice. Solution Communication * Communicate solutions with customers.and Execution * Follow up on and implement response measures.Meanwhile the Company conducts regular supervision and evaluation of responsible marketing practices reviewing policy
implementation compliance in marketing promotion and third-party cooperation compliance among other areas. Identified issues are
Results Feedback and * Provide feedback on handling results.tracked and rectified on an ongoing basis until full resolution is achieved.Confirmation * Ensure complaint resolution and closure.To maintain open and effective reporting channels the Company has established in addition to its customer service complaint hotline
a dedicated email address for reporting marketing misconduct (yingxiao@gongniu.cn). Employees and third parties are encouraged to Documentation Archiving * Record the handling process in the after-sales system and create electronic case files.report any conduct that violates applicable marketing laws and regulations industry standards or Company policies. The Company strictly and Review * Review typical issues and major complaints to continuously improve the mechanism.safeguards the confidentiality of whistleblowers' personal information and report-related materials and protects their legitimate rights and
interests.
24/7 Customer Service Access System
The Company offers customer service access around the
Management Measures clock 24/7/365 through multiple communication channels
including a customer complaint hotline official customer
service email WeChat official account and a General Manager
The Company continuously optimizes customer relationship management. By improving the customer complaint response mechanism Direct Channel. These channels enable the Company to
and conducting regular satisfaction surveys it proactively listens to customer feedback and enhances service experience as well as promptly understand customer needs and expectations Customer complaint channels
customer trust via closed-loop rectification and continuous improvement. oversee its responsible marketing practices and continuously
improve its products and services.Case Online AI Customer Service Enhancement of After-sales Service Capabilities
During the reporting period Goneo continued to strengthen its after-sales service capabilities through two coordinated approaches: after-
In 2025 the Company carried out a comprehensive upgrade of its online sales service specialist development and dealer service certification. These efforts enhanced the professionalism standardization and
AI customer service system. Through the development of a self-built execution of its services enabling the Company to provide users with more efficient and reliable service support.no-code knowledge base management platform the average response
time was reduced from more than 10 seconds to the millisecond level.Large language models were also used to conduct in-depth analysis To continuously elevate the quality and professionalism of the Company's after-sales services the Company
of historical user Q&A records and automatically generate reports regularly organizes competency rating assessments for after-sales service specialists. During the reporting
on frequently asked questions and scenario classifications creating period it conducted such assessments for junior and senior after-sales service specialists of power tools
After-sales
a closed loop from data insights to value creation. The upgrade nationwide.significantly improved user inquiry experience and the efficiency of Service Specialist
The assessment helps enrich specialists' theoretical knowledge and professional literacy covering after-
problem resolution. Competency Rating sales policies customer communication skills product technical principles and other foundational expertise.It also strengthens their capability in identifying common product faults conducting troubleshooting and
handling complex customer complaints. This enables the provision of more professional and reliable after-
sales services and further optimizes customers' overall after-sales service experience.End-to-end Problem Solving Mechanism
In 2025 the Company carried out dealer capability enhancement initiatives across diversified channels
such as home decoration and new energy and provided training focused on core capabilities including
Dealer Competency
Tiered Response and Escalation Mechanism Service Level Evaluation System installation after-sales service and lighting design. The number of full-time service personnel increased by
Certification
15% compared with 2024 and integrated delivery-and-installation services were made available in 80% of
flagship stores nationwide.Customer issues are classified into four levels based on The Company regularly conducts service performance
urgency. Extremely urgent issues are required to be closed assessments across all channels and business units. It sets
within 2 hours and routine issues within 72 hours. Any assessment indicators including overall service timeliness
unresolved issues beyond the prescribed time limit shall rate customer satisfaction rate and complaint rate and
In 2025
be escalated level by level to the person-in-charge of the releases monthly service performance evaluation reports to
superior department ensuring prompt and efficient response track and drive the continuous improvement of service quality
Customer complaint feedback The annual timely resolution During the reporting period the customer
and resolution of customer demands. at channels and business units. In 2025 the coverage rate of
resolution rate is rate increased by complaint rate registered a year-on-year
full-process visual management for customer issues of the
decline of
Company reached 100%.
99.5% 31.1% 22.65%(2) Customer Satisfaction Survey
Customer satisfaction is the ultimate yardstick for measuring service quality and a key guide to understanding user needs and driving
service improvement. Goneo Group has always regarded customer satisfaction surveys as a critical basis for enhancing product
and service quality and conducts such surveys at least once a year to fully understand customer needs and expectations. Through
a systematic and routine survey mechanism the Company closely listens to consumers and accurately identifies strengths and
shortcomings across the service process. During the reporting period net customer satisfaction increased by 20.4% year on year.In 2025 Goneo Group established a comprehensive data-driven satisfaction survey and improvement system spanning the full
process from execution to management aimed at systematically enhancing the customer service experience.Goneo Group Customer Satisfaction Survey and Improvement System
Standard Work Order Closing Follow-up & Callback Mechanism
The mechanism sets specifications from three dimensions. First standardized follow-up scripts are formulated to ensure the
survey focuses on core indicators including service attitude response speed and problem resolution effectiveness. Second
follow-up data shall be promptly entered into the system to avoid information distortion in secondary transmission and guarantee
data authenticity. Third a tiered early warning mechanism is put in place. Once a work order receives an "unsatisfied" evaluation
or is marked "unresolved" the system will automatically trigger the escalation process to facilitate timely response and settlement.At present the mechanism covers all on-site service work orders with a customer feedback rate reaching 45%.Closed-loop Management for "Issue Attribution - Analysis - Improvement"
Each month the Company conducts dedicated review and analysis of all dissatisfaction-related service tickets to identify
systemic issues in the service process such as process deficiencies inadequate resource allocation or capability gaps among
personnel. Based on the analysis results relevant departments are prompted to formulate implement and validate specific
improvement measures turning individual issues into momentum for enhancing overall service capabilities.Improve Customer Satisfaction Management System and Responsibility System
T h e n e w m e a s u r e s f u r t h e r c l a r i f y t h e s p e c i f i c r e s p o n s i b i l i t i e s o f r e l e v a n t d e p a r t m e n t s i n c u s t o m e r
s a t i s f a c t i o n r e s e a r c h d a t a a n a l y s i s r e c t i f i c a t i o n i m p r o v e m e n t a n d c l o s e d - l o o p m a n a g e m e n t . I t a l s o
s p e c i f i e s i n d e t a i l t h e s t a n d a r d p r o c e d u r e s a n d e v a l u a t i o n s y s t e m f o r c o n d u c t i n g s a t i s f a c t i o n s u r v e y s .This provides a solid institutional foundation and operational norms for the continuous implementation of satisfaction surveys
targeting B2B corporate clients and end consumers (C-end).Actual
Potential
Sustainable Supply Chain Risk Management Occurrence Actual Risk Risk Description Potential Impact Risks in the Measures Probability Level After Dimension
Industry After Mitigation
Mitigation
With responsible procurement as the cornerstone we integrate environmental social and ethical requirements into the full life cycle
Environmental Upstream high- Adjustments to Medium * Supplier ESG survey Low Medium
management of suppliers and work with partners to build a green resilient and win-win supply chain ecosystem.compliance emission and energy- the pace of raw and assessment;
transmission consuming production material supply * Organize business
risks of companies do not meet may cause units and suppliers to
the emission standards concerns among
Risk Analysis upstream carry out environmental of three wastes and stakeholders.suppliers protection training
fail to implement
ecological protection
requirements and
Sustainable supply chain management is an issue of great concern to the Company. Focusing on supplier integrity environmental their production is
restricted by regulatory
compliance mineral sources and other dimensions we conduct systematic assessments of key links such as supplier onboarding process
authorities.supervision rectification and improvement and implement corresponding control measures. At the same time risk investigation work is
carried out on suppliers by combining real-time monitoring of the digital procurement platform regular on-site audits and independent Supply Materials supplied Non-compliance High * Abide by applicable green Low Low
third-party verification. Chain by suppliers fail to of finished procurement requirements
Hazardous comply with domestic products and such as REACH and RoHS
After evaluation the Company's sustainable supply chain management and control system operated stably during the reporting period Substances and international disruption to directives;
and no major risk events occurred. Compliance restricted substance product delivery.* Establish supplier access Risks requirements.review and random
sampling inspection
Actual mechanisms;
Potential
Risk Management Occurrence Actual Risk Implement management
Risk Description Potential Impact Risks in the Measures Probability Level After
*
Dimension
Industry After Mitigation on the environmental
Mitigation compliance declarations of
raw materials.Supply chain Improper conduct The Company's Relatively * Issuance of the Procurement Low Medium Supply chain Key raw materials End products may Relatively Supplier quality indicators Low Low
product quality fail to meet required present quality High are monitored through
integrity risks in the procurement interests are High Prohibited Conduct Policy;
transmission performance risks potentially SRM and other systems.process may damaged and * Suppliers are required to sign risks standards. affecting
undermine a fair the supplier the Supplier Code of Conduct; consumers' rights
procurement cooperation * Business ethics risk and interests.environment. ecosystem is assessments for new
affected. suppliers; Mineral The sources of Impairs Medium * Formulate the Conflict Minerals Low Low
* Supplier integrity Source upstream copper compliance Management Measures;
Compliance and other mineral verification * Implement the traceability communication and
Risks raw materials of exported process of "Identification –
awareness-building;
fail to comply products. Screening –Declaration –
* Specialized anti-corruption with traceability Review";
training for procurement requirements
* Sign the Non-Conflict Minerals personnel of target export
Declaration and Commitment
markets.on Non-Use of Conflict
Minerals;
Supply Price volatility of Increased pressure Relatively * Adopt multi-source Low Medium
* Conduct regular training on
stability risk bulk commodities on short-term High procurement and conflict minerals policies.such as copper and cost control and diversified supply strategy
for key materials;
core raw materials disruption to partial
* Conduct price and market Supplier Upstream suppliers May cause public Medium * Supplier ESG survey and Low Mediumor capacity delivery schedules.monitoring and analysis Workers' fail to strictly abide concern and affect assessment;
constraints of
via digital procurement Rights and by domestic labor brand reputation Compliance requirements
strategic suppliers. * platforms; Interests laws and regulations set out in the Supplier Code of
Protection and infringe upon the
* Implement end-to-end Conduct.Risks legitimate rights and
visual management of interests of workers.supplier logistics.Based on the differences in the types of materials supplied by suppliers the Company implements classified and hierarchical management
Strategy and Objectives of suppliers integrates the principle of sustainable development into all aspects of supplier life cycle management clearly gives priority
to suppliers with outstanding sustainable development performance for cooperation and is committed to striving to create a sustainable
supply chain through joint improvement with suppliers.The Company is committed to building a responsible and sustainable supply chain system and integrating environmental and social
responsibilities into the entire procurement process. As the overall responsible department for sustainable procurement the Procurement
Department of the Internal Service Center is fully responsible for system construction supervision and implementation capacity training Supplier Lifecycle Management and Control Process
and regular reporting and continues to promote the improvement of the sustainable development performance of the supply chain.Key Stages Main Content Tiered Management
Sustainable supply chain management Framework
* Require suppliers to provide certifications for quality environmental
occupational health and safety and fire protection management
* Provide unified review and approval of sustainable procurement strategies systems with system certification scores accounting for 40% of the
Decision- ESG Committee core management policies and major strategic initiatives evaluation
making chaired by the
* Hold at least two committee meetings each year to ensure alignment between * Conduct on-site reviews of production environment management Level Chairman
sustainable procurement and the Company's overall strategy occupational disease prevention measures and employee care
initiatives Suppliers are categorized
Supplier Admission as registered suppliers
* Carry out comprehensive quality capability evaluations of major new
* The ESG Management Department in collaboration with the Procurement potential suppliers and ESG management suppliers
Management Department is jointly responsible for formulating sustainable reserve suppliers
department; * Sign the Related Party EHS Management Agreement
procurement policies and standards balancing compliance requirements
Management
Procurement with business realities to avoid a disconnect between ESG requirements and * Sign the Integrity Co-construction Agreement and complete the Level
Management operational practice required assessment
Department * The Procurement Management Department coordinates and advances the * Integrate the third-party enterprise risk information tool Qixinbao
implementation of the Company's sustainable procurement policy into the Company's SRM system to identify potential risks such as
conflicts of interest involving suppliers
* Procurement teams across all business units strictly implement the * "Hard power" assessment: inventory health supplier performance
Execution All Business Units
Company's unified sustainable procurement rules to ensure consistent quality assurance etc.Level
procurement standards and compliance requirements across all categories Supplier * "Soft power" assessment: bidding enthusiasm new product
Performance enthusiasm/new product bid winning rate inventory health etc.Suppliers are further
Management * Incorporate issues such as toxic emissions performance classified as core suppliers
* Group Audit Department: Conducts semi-annual anti-corruption audits
Group Audit employee rights protection and occupational health and safety into of procurement activities covering areas such as integrity in business preferred suppliers general performance evaluations
Department; cooperation and fair procurement suppliers restricted
* Suppliers within the system conduct annual audits
Budget and Risk * Budget and Risk Management Department: Regularly conducts internal
suppliers and eliminated
Management control audits of procurement activities to verify policy implementation and the * Production material suppliers conduct environmental audits suppliers
Department; effectiveness of risk controls
* Quality Management Center: Conducts dedicated audits of suppliers' Supplier Development * Collaborate on improvement plans
Supervision Quality Management quality management systems and hazardous substance control systems to and Relationship * Restrict or terminate cooperation with suppliers that fail to meet Level Center; safeguard end-product quality compliance and safety at the procurement Termination requirements and refuse to undertake corrective actions
stage
ESG Management
Department; * ESG Management Department: Regularly reviews the progress of key
sustainable supply chain initiatives and adjusts management and control
Third-party strategies in a timely manner to align with annual strategic objectives During the reporting period the Company established a new energy "Green Chain" special project team and launched a pilot project with
Institution * Third-party institutions: Conduct independent assurance of core sustainable the new energy division's new products focusing on the construction of hazardous substance control capabilities at the source of the
procurement performance data on an annual basis with the assurance new energy overseas product supply chain. Through cross-departmental collaboration the Company promoted the implementation of
results disclosed together with the annual ESG report standards and processes reduced environmental compliance risks improved green supply chain management levels and ensured that
products continued to meet customer requirements and overseas environmental regulations.In addition the Company continues to deepen the digital management of procurement and supply chain and builds a full-link digital
The Company has established a complete set of sustainable supply chain and supplier management systems including the Sustainable procurement platform with the SAP system as the core. Relying on SRM MRO and procurement digital cockpit real-time monitoring and
Procurement Policy Supplier Code of Conduct Conflict Minerals Management Measures Management Procedure for Production end-to-end visual management of supplier quality cost delivery and other indicators are achieved. The company's self-developed APS
Material Suppliers Non-production Supplier Admission Regulation Procurement Business Prohibition and Announcement on Suppliers' automatic production scheduling system is efficiently linked with the procurement platform which can coordinate the production indicators
Rights and Obligations forming a standardized management and control system covering the entire procurement process and the full life of thousands of factories a week in advance significantly improving the supply chain response efficiency and operational stability.cycle of suppliers.Case AI-enabled Supplier Management
In 2025
To improve the matching efficiency of the procurement department’s material database and reduce manual errors the Supplier Management Performance
Company deployed an AI text-matching algorithm to intelligently identify and compare key information such as material
names and specifications. The system enables automatic matching and recommendation of material records and quotations
improving the accuracy of sourcing and price comparisons shortening procurement decision cycles and enhancing supply Total number of first-tier suppliers:4518
chain management efficiency.Total number of first-tier key suppliers: 1258
Total number of newly onboarded suppliers:608
Total number of removed suppliers: 326
Supply Chain Management Targets and Performance
Number of suppliers who have signed the Supplier Code of Conduct:4518
FY2025 ESG Targets 2025 Performance Status Number of suppliers that have signed the Integrity Co-building Agreement:4518
Overdue accounts payable to SMEs:RMB 0
Taking 2025 as the benchmark to 2027ensure that at
I n 2 0 2 5 t h e C o m p a n y c o n d u c t e d E S G
least 90% of the key raw materials used by production ESG Assessment Performance of Production Material Suppliers
surveys covering 135 first-tier key suppliers
material suppliers are covered by environmental
representing 76.96% of procurement spend in In Progress
management system certification (e.g. ISO 14001) or
this supplier category. Among them 78.52% Number of suppliers required to undertake rectification due to negative ESG impacts:
occupational health and safety management system 0
had obtained ISO 14001 certification.certification (e.g. ISO 45001).Number of suppliers removed due to major ESG incidents: 0
Percentage of procurement spend represented by first-tier key suppliers covered by ESG surveys: 76.96%
Taking 2025 as the benchmark to 2027maintain a 100%
signing rate for the Supplier Code of Conduct and the
Integrity Co-construction Agreement among both newly 100% Achieved
onboarded suppliers and annual cooperating suppliers.
135 production material suppliers completed
Taking 2025 as the benchmark to 2027 achieve 100%
surveys on ESG-related topics representing
auditing coverage for production material suppliers
76.96% of procurement spend. Based on the In Progress
identified as high ESG risk.survey results no high ESG-risk suppliers
were identified.In addition the Company continued to strengthen professional training for procurement personnel and regularly carried out systematic
Management Measures capability building on key topics such as sustainable procurement and supply chain integrity. During the reporting period the Audit and
Supervision Center in collaboration with the Party and Mass Culture Center organized specialized anti-corruption training and integrity
perception surveys for all procurement personnel. Through thorough communication and interpretation of relevant laws regulations and
In order to improve the resilience and sustainable performance of the supply chain the Company continues to improve the supply chain Company policies the training reinforced understanding and implementation of the procurement bottom-line principles known as the"Eight
management system reduce supply chain risks improve compliance and operational stability and jointly promote the sustainable Prohibitions". By incorporating analysis of typical cases it helped procurement personnel better identify professional risks strengthen their
development of the supply chain. awareness of ethical boundaries enhance their integrity awareness and compliance capabilities and prevent misconduct at the source.
(1) Integrity Procurement Case Practical Bidding Training for Procurement Personnel
The Company consistently adheres to the principle of fair and transparent procurement adopts a zero-tolerance approach to
In December 2025 the Company organized an advanced practical bidding training session themed "From Requirement Analysis
corruption and bribery involving suppliers requires suppliers to comply with applicable laws and regulations on anti-monopoly and
to Winning Bids" with a total of 60 procurement and business personnel participating online and offline. The training focused on
anti-unfair competition and seeks to build clean fair transparent and compliant business relationships. At the same time the
three goals: improving bid success rates avoiding the risk of bid disqualification and developing high-quality bidding proposals.Company signs the Integrity Co-construction Agreement with its cooperating suppliers and regularly carries out supply chain integrity
It systematically covered techniques for interpreting tender documents and the drafting logic for key sections and featured group
risk assessments audits and business ethics training to actively foster an integrity-based supply chain. (For details on supplier audits
exercises based on the Company's actual bidding cases thereby strengthening compliance awareness and risk identification
please refer to Section “Business Ethics” of this report.)
capabilities and effectively enhancing the team’s professional competitiveness in the bidding process.To further strengthen suppliers' awareness of integrity the
Company shares integrity-related communications through
the supplier management platform during holidays. During
the reporting period the Audit and Supervision Center
organized surveys on integrity perceptions and thematic
sharing sessions on clean business conduct in conjunction
with the supplier conference. Through case analysis and
interactive exchanges it guided suppliers to better identify
compliance risks in business interactions and reinforced
their awareness of integrity as a fundamental baseline for
Integrity Communications via the
business conduct. Supplier Platform
At the Training Session
Case "Building Synergy for Win-win Results" Supplier Conference
In April 2025 the Company held a supplier conference themed “Building Synergy for Win-win Results” with 150 core suppliers
attending in person and more than 2000 participating online. The conference focused on supplier capability building promoted (2) Resilient Supply Chain
sustainability concepts through thematic sharing sessions enhanced suppliers’ awareness of environmental and social
responsibility and featured dedicated exchanges on supply chain integrity. Through case analysis and interactive exchanges The Company continues to advance supply chain resilience building and deepen its dual-sourcing strategy. By combining multi-
the Company reinforced business ethics and compliance requirements helped suppliers strengthen their awareness of integrity source procurement of key materials with dynamic reserves of strategic suppliers and by adopting measures such as domestic
and laid a solid foundation for building an efficient transparent and sustainable supply chain ecosystem. substitution for imports and in-house innovation the Company effectively reduces the risks of supply disruption price volatility and
quality fluctuation associated with reliance on a single supplier thereby enhancing the supply chain's ability to withstand shocks.On this basis the Company leverages digital transformation and intelligent technologies to build an end-to-end digital monitoring and
early warning mechanism for the supply chain. By breaking down information silos across procurement production logistics and other
functions the Company enables real-time identification of and rapid response to supply chain risks. It also uses intelligent algorithms
to optimize inventory deployment and scheduling routes improving the flexible allocation of resources under emergency conditions
ensuring rapid supply chain recovery and delivery assurance in the face of external disruptions and further strengthening overall
supply chain resilience and business continuity.At the Supplier Conference(3) Supply Chain Environmental Compliance (4) Green Procurement
During the reporting period the Company took the initiative to benchmark against increasingly stringent due diligence requirements The Company fully implements green procurement standards and clearly requires raw materials provided by upstream suppliers
such as the European Union's Corporate Sustainability Due Diligence Directive (CSDDD) and incorporate suppliers' environmental to comply with internationally recognized environmental requirements such as the EU REACH Regulation and the RoHS Directive.compliance into the supply chain management system. The Company cooperates with third-party testing agencies to regularly Through source restrictions compliance declarations and regular sampling inspections the Company ensures that hazardous
organize special environmental compliance training for suppliers focusing on cases of exceeding regulatory standards preparation of substance control is embedded throughout the entire procurement process (see the "Product Quality Management" section of this
environmental reports key points of system audits and green procurement policies to systematically empower suppliers to improve report for specific control measures at the procurement stage).their environmental management capabilities.During the reporting period the Company's "Green Chain" project promoted the capability building and compliance management
According to supplier ESG survey results the Company's suppliers' qualification rates on core issues such as emission reduction of green suppliers through a mechanism of selection cultivation and retention and continuously strengthened risk prevention and
and waste treatment exceeded 96%. In the future the Company will guide suppliers to continue to improve their level of sustainable control capabilities at the source of the supply chain.development and jointly build a responsible supply chain ecosystem."Green Chain" Project: Selection Development and Retention Process
Case Supplier Environmental Compliance
During the supplier admission stage the Company conducts pre-admission assessments and audits
The Company engaged testing institutions that cooperate with Midea Selection suppliers’ environmental management systems with a focus on information such as compliance
and organized environmental training sessions for various business records hazardous substance control systems and related capabilities.units and key suppliers helping suppliers gain a comprehensive
understanding of the latest environmental regulatory requirements
and industry practices. During the capability-building stage the Company engages third-party testing agencies to provide
environmental compliance training communicate regulatory and customer requirements establish
Development
green raw material procurement standards and require suppliers to submit environmental compliance
declarations.Training on Environmental Compliance Requirements for Suppliers
and Business Units
In day-to-day supplier management the Company incorporates environmental compliance
Retention requirements into the supplier tiered evaluation system builds a green supplier pool and promotes
replication across product categories and business units.Through the implementation of the "Green Chain" project compliance and risk prevention and control capabilities at the source of the
overseas supply chain for new energy products were effectively enhanced. During the pilot period the core supplier pool entry rate
reached 100% the green supplier pool expanded steadily and the environmental risk prevention and control system operated effectively.
(5) Quality Management and Closed-loop Issue Resolution
Quality control at the entry point of the supply chain is an important line of defense for ensuring the safety performance of end products.In terms of admission control the Company conducts comprehensive evaluations of candidate suppliers based on the Supplier
Supply Capability Evaluation Form. The scoring dimensions cover four key categories: corporate safety productivity cost control and
innovation capability. Clear quantitative scoring standards are set for production quality-related indicators such as equipment age
capacity buffer in-house production rate for key processes and secondary supplier reserves. For suppliers that fail to meet baseline
quality requirements the Company applies an automatic disqualification mechanism and does not include them in the list of qualified
suppliers.In performance assessment and ongoing management the Company regularly carries out supplier performance evaluations and
assigns quantitative scores for delivery quality closed-loop handling of customer complaints and service levels. The assessment
results directly affect supplier ratings and cooperation qualifications. For quality issues arising at the supplier level the Company
initiates the CAPA (Corrective and Preventive Action) process through its OA system to follow up on corrective actions and ensure that
issues are traceable and fully closed out.During the reporting period the results of the Company's supplier ESG surveys showed that suppliers holding ISO 9001 certification
accounted for 98.52% of the total survey sample.(6) Conflict Minerals Traceability (7) Supplier Occupational Health Safety and Rights Protection
The Company is committed not to directly or indirectly using conflict minerals and strictly implements the Conflict Minerals Management The Company places strong emphasis on suppliers’ management and performance in occupational health and employee rights
Measures. For suppliers involving conflict minerals such as tin tungsten tantalum and gold the Company has established an protection. By conducting periodic on-site audits and annual reviews covering sustainability-related topics such as production
"identification–investigation–declaration" traceability process and also conducts on-site audits to ensure that the sources of minerals environment and occupational health management the Company promptly identifies and seeks to mitigate potential adverse social
in the supply chain are lawful and compliant thereby preventing conflict minerals from entering the Company's procurement system at impacts associated with suppliers.the source.During supplier audits the Company focuses on the implementation of basic labor protections for production personnel including
After identifying potential conflict mineral materials and screening the corresponding suppliers the Company compiles a Conflict whether personal protective equipment such as dust masks earplugs and helmets is provided whether effective cooling measures
Minerals List and a Conflict Minerals Supplier Investigation List and requires suppliers to provide information on the source of raw are in place for high-temperature work areas and whether necessary physical isolation is implemented in high-noise areas. For
materials including origin full supplier name and geographical location transportation routes and methods and the trade names and suppliers with inadequate protective measures the Company initiates a time-bound rectification process; if corrective actions fail to
types of minerals. Suppliers are also required to submit a Non-Conflict Minerals Declaration and a Commitment Letter Not to Use meet requirements within the prescribed period or remain incomplete after the deadline the Company will terminate its cooperation
Conflict Minerals. For suppliers unable to provide such declarations the Company conducts on-site audits to ensure that minerals with the supplier.used in all products do not originate from conflict-affected mining areas.Through the Company's ongoing supervision and guidance suppliers have gradually improved their management in key areas such as
In addition the Company conducts due diligence and traceability reviews of conflict mineral materials at least once a year prepares labor protection and occupational health effectively safeguarding the health rights and interests of production personnel and laying a
assessment reports and provides annual policy and audit management training to relevant personnel thereby reinforcing the first line solid foundation for building a responsible and sustainable supply chain ecosystem.of defense for responsible procurement at the source.Conflict Minerals Traceability Process (8) Supplier Engagement and Communication
Screening of Materials Scree与n冲in突g 矿of产 S相up关pliers Supplier Self-
To establish a supplier ecosystem characterized by mutual
Related to Conflict for the Relevant assessment and On-Site Audit trust win-win cooperation and sustainable development
Minerals M物a料te排ria查ls Declaration Submission the Company continues to optimize its "Supplier Direct
Access" management platform and improve a convenient
* Identify conflict minerals * Identify suppliers * Require suppliers of * For suppliers unable to conduct efficient and secure mechanism for issue reporting and
that may be involved in providing materials 3TG-related materials self-assessments or provide resolution. Suppliers and employees can use the platform
the production and new containing 3TG and to conduct self- a Conflict-Free Minerals to provide feedback on supply chain-related issues such
product development record them in the assessments based on Declaration the Company as material quality environmental performance employee
stages Conflict Minerals Supplier the Conflict Minerals conducts on-site audits to verify rights and conflict mineral risks. Once feedback is collected
Investigation List Reporting Template the source of minerals through the platform it is assigned to dedicated personnel for
* Compile the Conflict
(CMRT) and submit the * If conflict minerals are identified follow-up. After the issue is addressed the submitter carries
Minerals Material
results through self-assessment or out a satisfaction evaluation and the issue is closed only Goneo Group Supplier Direct Access Management Platform
Identification List
on-site audit the Company after the submitter confirms satisfaction ensuring effective
* Provide a Conflict-Free
will terminate the supply of the implementation of feedback.Minerals Declaration
relevant materials and require
Meanwhile the Company continues to deepen strategic
* Submit a Commitment the supplier to cease sourcing
partnerships with suppliers and uses the annual supplier
Letter Not to Use Conflict raw materials from conflict-
conference to create an efficient platform for communication
Minerals affected areas
and value sharing. At the 2025 Supplier Conference
the Company recognized outstanding suppliers for their
strong performance in product quality delivery efficiency
technological innovation and sustainable development. The
Company also carried out thematic exchanges on strategic
areas such as new energy and intelligent manufacturing
Conflict Minerals Performance Highlights
discussing opportunit ies for technical col laboration
and business expansion with suppliers continuously
Supplier Conflict-Free Minerals Declaration Signing Rate: strengthening long-term strategic partnerships with
core suppliers and working together to build an efficient
100% Goneo Group 2025 Supplier Conferencecollaborative and sustainable supply chain ecosystem.141 2025 Sustainability Report of Goneo Group Co. Ltd. 142
People-oriented
Goneo Group adheres to the "People-oriented" development concept regards employees as the core driving force for
high-quality development of the company and integrates human dignity growth safety and well-being into the entire
operation and management process. In 2025 the Company continued to deepen its practices around employee rights
protection talent development system construction occupational health and safety management and social value
creation and strive to build a more equitable diverse healthy and sustainable work and development environment.SDGs this chapter responds to:
6. Material sustainability topics covered in this chapter: Employee rightsHuman capital developmentOccupational Health and SafetyRural revitalization and social contributionEmployee Rights
Employee rights and interests are an important cornerstone of corporate sustainable development. Goneo strictly abides by relevant
domestic and foreign laws and regulations and internationally recognized standards continues to optimize the internal management
structure and system construction and protects the legitimate rights and interests and basic dignity of employees in the labor process.Risk Analysis
With the structural changes in the domestic labor market and the increase in overseas compliance thresholds the Company is facing
dual pressures in terms of labor costs and challenges related to overseas Blue Trade Barriers.Specifically adjustments to minimum
wage standards and increases in employee salary expectations have pushed up labor costs; at the same time overseas markets are
increasingly scrutinizing labor standards and supply chain compliance placing higher demands on corporate management. In addition
building an equal and inclusive working environment has become the key for companies to remain attractive in the competition for talents.In response to the above challenges the Company has proactively laid out response mechanisms. By establishing an employee care
committee and continuing to improve the employee rights and interests protection system the Company continues to make positive
progress in terms of salary and benefits workplace environment and construction of a diverse and inclusive culture. During the reporting
period employee satisfaction reached a record high of 91.55 points. The coverage rate of various non-salary benefits remained at 100%
continuously strengthening the foundation of employee protection. The proportion of female managers increased steadily reflecting the
Company's ongoing commitment to diversity inclusion and talent development. Employee turnover decreased year-on-year further
enhancing workforce stability. The number of recruited talents at or above the expert level increased by 6.7% year-on-year demonstrating
the Company's continuously improving appeal to top talent.When considered from various perspectives—including employee experience
benefits coverage organisational stability and talent competitiveness—the risks associated with employee entitlements are generally at a
low level.Strategy and Objectives
The Company strictly abides by laws and regulations such as the Labor Law of the People's Republic of China and the Labor Contract Law
of the People's Republic of China. During the reporting period the Company referred to international standards such as the United Nations
Guiding Principles on Business and Human Rights the International Bill of Human Rights and the Declaration of Fundamental Principles
and Rights at Work as well as relevant regional regulations to formulate a new Human Rights Policy a Diversity Equality and Inclusion
Policy and an Anti-Discrimination and Anti-Harassment Policy and revised the Employee Handbook Labor Protection Management
Measures for Female Employees and Underage Workers and Administrative Marketing Employees Promotion Management System
Employee Training Management System Employee Compensation Management System Employee Resignation Management System
and newly formulated Management Measures for the Protection of Rest Rights and Interests of Production Employees to rationally arrange
production protect the rest rights and interests of front-line employees continuously improve the construction of internal mechanisms and
processes and integrate them with the Company's business strategy culture and daily operations to ensure that key issues of employee
rights and interests protection are implemented.Issue Policy Requirements Management Approach Issue Policy Requirements Management Approach
* Eliminate any form of forced labor that · I m p l e m e n t t r a n s p a r e n t r e s i g n a t i o n p r o c e s s
* Prohibit any form of discrimination and · Conduct dedicated anti-discrimination and anti-
violates labor management laws and management: disclose the procedures and responsible
firmly reject discriminatory conduct harassment training to raise awareness among all
regulations and undertake not to use contacts set out in the employee handbook and the
based on race color gender age employees.deceptive means to induce employees into resignation application system. Where an employee's
language religion ethnicity or other
work. resignation application is obstructed the Human
protected characteristics.· Establish a monitoring and feedback process: where Resources Department or the trade union will intervene
immediately to coordinate.Anti- discrimination bullying or harassment is substantiated
* Ensure during the hiring process that
Discrimination * I m p l e m e n t a z e r o - t o l e r a n c e a n t i - the responsible department is required to take immediate
employees are not deprived of their
and Anti- harassment policy that strictly prohibits corrective action to safeguard employees' lawful rights Prohibition of · Implement a sound working hours management
freedom through the collection of deposits
Harassment sexual harassment and all other forms and interests. Forced Labor system: the daily working hours of administrative and
retention of identity documents debt
of workplace harassment abuse and sales personnel do not exceed eight hours and overtime
guarantees or similar practices. is strictly controlled within 36 hours per month; production
violence including verbal humiliation
· Implement strict disciplinary procedures: verified acts employees are subject to a comprehensive working hours
intimidation and offensive conduct.of discrimination and harassment are subject to serious
Ensure that al l employees sign labor system to ensure no fewer than four rest days per month. *
disciplinary action and suspected criminal offenses are In addition the Company has specially formulated the
contracts with the Company on a voluntary
referred to the relevant judicial authorities. Management Measures for Protecting the Rest Rights
and equal basis. and Interests of Production Employees to safeguard
work-life balance.* R e s p e c t e m p l o y e e s ' r i g h t s i n · R e g u l a r l y c o n v e n e e m p l o y e e r e p r e s e n t a t i v e * Strictly comply with international labor · Implement a strict age verification system: require
accordance with the law to establish congresses: each year the Company organizes standards and the laws and regulations of new employees to provide valid identity documents
and join trade unions or other forms of employee representative congresses and trade union the places where the Company operates upon onboarding and verify such information through a
employee representative organizations. member representative congresses and enters into and resolutely prohibit any form of child professional identity verification system.collective contracts and collective wage agreements labor across its global operations.Prohibition of
Encourage employees to assemble and ensuring that 100% of employees are covered by collective * · Establish a multi-layer verification mechanism: Child Labor
agreements.Protection engage in open discussion freely and * Clearly stipulate that no person under where significant discrepancies in identity information are
of Collective to communicate with management on the age of 16 or who has not completed discovered a secondary verification procedure is initiated
Rights working conditions and management · Establish a standardized grievance-handling compulsory education as required by law to ensure full compliance.issues without fear of retaliation. process: maintain transparent grievance and complaint may be employed under a zero-tolerance
p r o c e d u r e s i n v e s t i g a t e a n d a d d r e s s e m p l o y e e policy.* Actively promote collective consultation
concerns and communicate the outcomes to employee
representatives. * Establish diversified recruitment channels · Implement a systematic DEI training program: mechanisms to ensure the effective
protection of employees' rights and clearly set out principles and provisions regularly provide professional training on diversity
interests. of equality and fairness in recruitment equity and inclusion for all employees achieving a 100%
p r o m o t i o n a n d o t h e r m a n a g e m e n t coverage rate in 2025.systems and prohibit discrimination.· Strengthen the protection system for female
* Uphold the principle of equal pay for employees' rights and interests: formulate the
* P r o t e c t p r i v a c y a n d p r o h i b i t a n y · Implement comprehensive information security
equal work provide fair employment Management Measures for the Labor Protection of
unauthorized access to use deletion management: protect sensitive information through
opportunities and prohibit employment Female Employees and Underage Workers organize
modification or disclosure of company technical measures such as document encryption and Diversity Equity discrimination. women's health lectures and sign the Special Collective
data and personal information. provide regular training on information security and and Inclusion
Privacy Contract on the Protection of the Rights and Interests of privacy protection. For details see 3.4 Data Security and
Protection and Privacy Protection. * Pay attention to protecting the rights and
Female Employees.* E s t a b l i s h d i v e r s e r e p o r t i n g a n d Communicatio interests of special groups including care
communication channels through which
for female employees and employment · Advance the employment program for persons
employees customers suppliers and · Establish diversified communication platforms:
support for persons with disabilities. with disabilities: establish a four-party coordination
other stakeholders can raise workplace- further strengthen the employee representative congress
mechanism involving the Company the Disabled
related concerns. system and create dedicated employee communication
Persons' Federation employment bases and persons
platforms to encourage employees to share feedback and * Foster an inclusive working environment
with disabilities and provide 131 jobs for persons with
suggestions. that respects diverse perspectives and
disabilities in 2025 exceeding the annual target.beliefs.Employee rights and interests are coordinated and managed by the Company's Ethics and Compliance Committee which is chaired by the
Group Vice President. The Ethics and Compliance Committee Office coordinates the mechanism construction operation and supervision Management Measures
work jointly promoted by various functional departments to ensure that the employee rights and interests policy is effectively implemented
and continuously improved throughout the organization.Goneo Group has incorporated the management of employee rights and interests into the corporate compliance governance system. By
establishing a systematic management mechanism it effectively protects the basic rights of employees and related parties and carries out
Constitute Responsibilities specific management practices around the four dimensions of supervision and review employee rights training multi-group employment
and democratic communication to ensure that the concept of employee rights and interests is effectively implemented in daily operations.Ethics and Compliance Committee Coordinate the construction implementation and supervision of employee
(chaired by the Group Vice President) rights management mechanism (1) Oversight and Review
The Company continues to improve the supervision and review mechanism for employee rights and interests follows the "Plan-Do-
Office of Ethics and Compliance Specifically responsible for policy formulation implementation supervision
Check-Act (PDCA)" cycle principle systematically identifies evaluates and improves risks related to employee rights and interests
Committee training data analysis and cross-department collaboration
promptly discovers and prevents possible adverse effects on employee rights and interests and incorporates review findings into
improvement action plans to promote closed-loop implementation of rectifications.Other Functional Departments
Regularly review and update the employee rights policy and make timely
(audit and supervision center and other During the reporting period the Company formulated and continuously refined its internal audit standards for employee rights with
revisions and improvements to the policy
designated personnel) reference to the requirements of SA8000 CSA EcoVadis and other relevant rating and audit frameworks. Using disqualifying
indicators and process indicators the Company conducted audits and evaluations covering collective labor disputes institutional
safeguards working-hour compliance and fair remuneration. At the same time the Company continued to advance a management
mechanism combining external and internal audits further enhancing the standardization and effectiveness of employee rights
Employee Rights Goals and Achievement Status
management. During the reporting period the Company completed one external employee rights audit at Banmen Electric Appliance.In March 2026 we completed internal employee rights audits across three business divisions.ECSonGs Gtitouatles Progress in 2025 Completion Status
Through continuous review and improvement the Company continues to improve its employee rights management mechanism and
promotes related work to develop in a more standardized proactive and long-term direction.Annual DEI policy training coverage rate is 100% 100% Achieved
There were 0 anti-discrimination and harassment incidents in the year 0 Achieved
Regularly sign various collective contracts with employees and 100% of
100% Achieved
employees are covered
The annual anti-discrimination and anti-harassment policy implementation
100% Achieved
rate is 100%
Annual anti-discrimination and harassment training coverage rate is 100% 100% Achieved
Training on employee rights and interests1: 100% coverage 100% Achieved
By 2030 the proportion of female employees will increase to 38% 36.2% In progress
By 2030 female cadres at the N-2 level will be2 Accounting for >20% 24.8% Achieved
By 2030 female cadres at the N-3 level will account for more than 30% 21.1% In progress
Provide no less than 125 employment opportunities for people with
131 people Achieved
disabilities every year
Provide employees with a salary level that is 300% higher than the local
greater than 300% Achieved
minimum wage
By 2030 the pay gap between men and women at the same level and in the
±7% In progress
same position will be controlled within ±5%
1Including human rights policy anti-discrimination and anti-harassment policy DEI policy and relevant internal systems and procedures.
2Female Cadres: Women appointed through official company directives as heads of first-level second-level and third-level organizations as well as regional
female managers.(2) Employee Rights Training
Links Content
The Company has established a multi-level employee rights training and promotion mechanism. At the institutional level the Company
Supervise Proactively collect and analyze relevant data on a regular basis formulates and publicly publishes the Human Rights Policy Diversity Equality and Inclusion Policy and Anti-Discrimination and Anti-
Active
Harassment Policy to clarify management boundaries and employee rights; at the execution level the Company regularly conducts
Monitoring Assessment Evaluate the effectiveness of policy implementation special training on policies related to employee rights and interests further formulates internal audit standards for employee rights
and interests in 2025 and organizes systematic publicity and learning at the level of each business unit to ensure that employee rights
and interests protection requirements are effectively implemented at all levels of the organization. Employees can self-check relevant
Employees suppliers and other stakeholders report violations of employee rights policies systems through multiple channels such as the PDMC platform Feishu and OA so that all employees are aware of and continuously
diversity equality and inclusion (DEI) policies anti-discrimination and anti-harassment update the policies.policies etc.Employee complaints and reporting channels:
Whistleblo-
* Report email: fanqishi@gongniu.cn (3) Diverse Group Employmentwing
* Reporting platform: Employees speak out (Feishu Workbench-Corporate Culture-Employees
In 2025 Goneo Group continued to fulfill its social responsibilities and promoted social inclusion through a series of positive measures
speak out)
especially achieving remarkable results in promoting the employment of disabled people and veterans. The Company employed a total
Complaints and reporting channels for external stakeholders (reporting email phone WeChat of 22 veterans throughout the year providing strong support and re-employment opportunities for retired groups; at the same time it
"Goneo Integrity" official account QR code please see the "Business Ethics - Whistleblower hired 131 people with disabilities an increase of 4.8% from the previous year exceeding the annual ESG goal of providing "no less than
Protection" section) 125" jobs creating a stable and dignified employment environment for more people with disabilities and helping them achieve a decent
life.Efficient
Feedback Provide diversified complaint channels to ensure that all employees suppliers customers and
other stakeholders can properly safeguard their rights; provide efficient feedback and handle
Appeal
harassment complaints in accordance with the principles of confidentiality objectivity impartiality (4) Democratic Communication
and fairness.The Company insists on deepening the construction of democratic communication mechanisms through institutionalized and
diversified approaches to ensure that every employee has the right to equally express their demands and participate in corporate
Make corrections through tracking assessment and supervision and implement disciplinary or decision-making.management measures effectively and appropriately; take appropriate sanctions depending on
Process
the severity of the case including but not limited to warning demotion and dismissal. If a crime is The Company continues to promote the employee congress system organizes employee congresses and trade union member
involved it will be transferred to the judicial authority for processing. congresses every year and signs collective contracts and collective wage agreements to ensure that all employees enjoy the
protection of the collective contract. In 2025 the Company's collective agreement signing coverage ratereached 100% covering all
12490 contract employees of the group.
For those whose rights have been violated the Company will also provide them with necessary
Remedy In 2025 the Company formally established an Employee Care Committee chaired by the Party Branch Secretary and introduced
psychological counseling and medical help to help them restore their physical and mental health.supporting working mechanisms for grassroots care units and grassroots liaison groups. These initiatives extended the reach of
care and support to frontline teams enabling timely responses and effective handling of employee concerns. Through multi-channel
communication and feedback mechanisms employee satisfaction reached 91.55 points in 2025 an increase of 10.65 points year-on-
year demonstrating significant improvements in the effectiveness of democratic communication mechanisms.During the reporting period the Company formally established an internal audit mechanism for employees' rights and interests
incorporated it into one of the four ESG internal audit modules and gave it the highest weight (0.35). It regularly conducts systematic
internal audits on core labor issues such as employee rights protection working time compliance and anti-discrimination.The audit process adopts a triple verification method: first verification of the effectiveness of control procedures to evaluate whether
relevant systems are consistently implemented; second verification of the authenticity of information sources cross-checking through
attendance records ERP systems and other data; third random employee interviews to compare employee feedback with operational
records to ensure that the audit conclusions are objective and true.Regarding the closed-loop rectification mechanism the unit under review must complete the root cause analysis and formulate an
improvement plan within 7 working days. Failure to rectify within the time limit will trigger a Deadline Rectification Notice; in serious cases
it will be upgraded to a Deadline Rectification Order signed by the President implement red and yellow card management and include it
in the organizational performance assessment to ensure that the discovery rectification and verification of employee rights and interests
issues form a complete closed loop.Human Capital Development (1) Recruitment
The Company strictly complies with the Labor Law of the People's Republic of China the Labor Contract Law of the People's Republic
of China and other applicable laws and regulations and has established the Recruitment Management System for Administrative
The Company regards talent as a core resource for driving innovation and sustainable development. We continuously optimize our talent
and Marketing Employees and the Management Measures for the Labor Protection of Female Employees and Underage Workers to
attraction and development mechanisms improve career development pathways and stimulate organizational vitality and creativity.ensure that labor contracts are signed with employees in accordance with the law and that employees' lawful rights and interests are
We are committed to building a high-caliber professional and globally minded talent pool that provides sustained momentum for the
effectively protected. During the recruitment process the Company implements non-discriminatory fair and transparent recruitment
Company's long-term development.and employment procedures and actively takes measures to attract diverse talent.In 2025 the Company continued to strengthen the introduction of high-level talent. During the reporting period 90 expert-level
Risk Analysis professionals were recruited representing a year-on-year increase of 6.7% providing critical intellectual support for the Company’s
technological breakthroughs business innovation and key capability building and further strengthening its long-term professional
competitiveness.In terms of human capital development the Company recognizes that as business diversification accelerates and industry technologies In terms of talent mobility and organizational stability the voluntary turnover rate declined by 5.6% year on year and has recorded
continue to evolve rapidly the alignment between the quality of talent supply and strategic needs remains under ongoing pressure. a decrease for three consecutive years effectively reducing talent replacement costs and safeguarding the stability of core teams
Insufficient talent reserves for key positions lagging development of core capabilities or underdeveloped career progression pathways and business continuity. During the reporting period the Company established an online internal recruitment platform covering all
may constrain organizational innovation and business transformation. At the same time amid the wave of intelligent manufacturing employees. The internal fill rate reached 48.4% the highest level in the past three years significantly enhancing internal talent supply
and digital transformation if employees' skill sets are not upgraded in a timely manner this may affect improvements in operational capacity. The continued improvement in the internal fill rate also reflects the Company's gradual establishment of fairer clearer and
efficiency and the effective implementation of new technologies. In addition if employees' identification with the organizational culture smoother career development pathways thereby effectively protecting employees'rights to employment and career development.and their engagement are not continuously reinforced team cohesion may be weakened thereby affecting the Company's long-term
competitiveness. The Company attaches great importance to these potential challenges and continues to optimize its talent attraction and
development mechanisms while strengthening its talent development and empowerment system. Number of Employees
202520242023
Strategy and Objectives
Total number of employees under contract 12490 13146 13062
-Male 7966 8439 8216
Goneo Group regards human capital development as the core pillar of corporate competitiveness and insists on talent-driven strategy
implementation. The Company has built a hierarchical and classified systematic training system around four talent echelons: cadre team
-Female 4524 4707 4846
expert team skills team and youth team. It also relies on the qualification management system to achieve dynamic personnel-post
matching and continuously improve organizational capabilities and talent quality.-Aged 30 and Below 4525 4910 5124
In terms of talent development mechanism the Company has established a dual-track promotion system with management channel and
professional channel to provide employees with a clear career development path; at the same time it promotes the orderly flow of talents -Aged 31-49 7636 7955 7685
through internal competition cross-department rotation and other methods and the proportion of internal promotions and filling positions
continues to remain at a high level. In 2025 the Company officially operated Goneo Academy building a learning management platform -Aged 50 and Above 329 281 253
that integrates course development knowledge accumulation and lecturer training promoting the transformation of talent training from
project-based to systematic and further solidifying the Company's talent foundation for sustainable development.Segmentation of Female Employees
ESG Goals Progress to 2025 Status 2025 2024 2023
By 2030 the average training time per person will increase to 40
7.53 hours 1 In Progress
hours Middle level
2female personnel3 165 169 98
By 2030 the number of internal lecturers will be increased to 200 31 persons 2 In Progress
Senior female personnel4 8 6 5
Employee satisfaction is above 80.9 91.55 points Achieved
Provide child care services to more than 200 employee families Percentage of women in management positions in
2.44.85.3
every year 228 Achieved revenue-generating functions5（%）
100% coverage of employees who receive regular performance
100% Achieved
and career development assessments
1
3 Due to the optimization and adjustment of data statistical methodologies this report has revised the contractual employee data for 2023 and 2024. In the event of Maintain a high level of internal talent supply capacity 48.4% fill rate Achieved
any discrepancies with data published in previous reports the data disclosed in this report shall prevail.
2 Middle management refers to contractual employees with job grades ranging from 3-1 to 3-4.
3 Female middle management refers to the number of female contractual employees with job grades ranging from 3-1 to 3-4.
1The average duration of online training was 7.53 hours per person covering 9960 employees. 4 Female senior management refers to the number of female contractual employees with job grades of 4-1 and above.
2 There are 31 CT internal trainers all of whom are certified full-time internal trainers. 5 Revenue-generating functional management positions refer to the proportion of female sales personnel at or above job grade 3-1 among all sales personnel at
3 Internal talent supply capacity reached a three-year high. or above job grade 3-1.(2) Salary System
Pay Type Specific Provisions
The Company adheres to the principle of legality and compliance continues to improve the salary and performance management
system based on actual operating conditions and ensures a positive interaction between talent incentives and company value creation. Wages determined based on the minimum wage standards stipulated by the local
basic salary
According to the Employee Salary Management System we regularly review the salary payment guidance lines for employees at all government
levels and categories and closely integrate changes in the external labor market to ensure that salary incentives are competitive and
internal salary exceeds the local minimum wage level by three times. The Company adheres to the principle of "equal pay for equal Administrative marketing employees: The portion determined to be distributed
work" and controls the pay gap between men and women at the same level and position within ±5% to promote pay fairness. after a comprehensive assessment of employee performance work ability work
Monthly attitude etc. with a performance appraisal coverage rate of 100%
Based on performance development the Company conducts comprehensive and objective evaluations from multiple dimensions such
Standard performance
as employee position value personal performance and personal abilities. It continues to improve the assessment training promotion
Salary pay
and incentive systems based on performance and promotes the simultaneous improvement of corporate performance growth and Short Term Production employees: Based on job requirements including efficiency yield
personal compensation and benefits. Incentive 5S and other evaluation dimensions the performance appraisal coverage rate is
Mechanism 100%
During the reporting period we continued to promote the corrective work in personnel-post matching combined with qualification
certification to dynamically achieve the matching of "position-person-salary". The Human Resources Center organizes annual
personal performance evaluation work. The evaluation standards for administrative and marketing employees are divided into five grade salary Set based on a fixed proportion of monthly salary
categories: excellent (S) good (A) normal (B) needing improvement (C) and gaps (D). The employee performance evaluation
coverage rate is 100%. The assessment form for production employees is monthly assessment. The assessment indicators are based
on job requirements including (efficiency yield 5S etc.) and the assessment results are reflected in monthly performance-based Welfare Cash allowances that employees enjoy according to their rank and related conditions such as:
pay. Allowance lunch allowance housing allowance high temperature allowance etc.The Company adheres to the "people-oriented" concept and designs and forms a multi-level salary structure based on job value
personal abilities and performance contributions which not only guarantees employees' basic living needs but also fully mobilizes
employees' enthusiasm through performance-oriented incentive mechanisms to achieve the common growth of the company and
Annual According to different employee categories floating bonuses are distributed at the end of the year
employees.Performance based on the employee's annual performance evaluation results (individual performance coefficient
Bonus × organizational performance coefficient × attendance coefficient); the bonus is distributed before
the Lunar New Year holiday
Special Rewards for employees who have won honorary titles such as "Excellent Collective" and "Excellent
Award Employee" and who have taken the lead in cost reduction R&D and other projects
· Eligible participants: Core management personnel and key employees whose performance meets
the relevant criteria (671 in total accounting for 5.07% of the total workforce)
· Policy document: Goneo Group Co. Ltd. 2025 Restricted Stock Incentive Plan (Draft)
· Number and proportion of shares granted: 3.0969 million restricted shares accounting for 0.24% of
the Company's total share capital
· Eligible participants: Directors supervisors senior management specially recruited talent and Long Term
Equity individuals with outstanding contributions who play an important role in and exert significant influence
Incentive
Incentives on the Company's overall performance and medium- to long-term development (approximately 30
Mechanism
participants)
· Policy document: Goneo Group Co. Ltd. 2025 Special Talent Share Ownership Plan (Draft)
· Funding sources: RMB 26.5 million self-funded by employees plus RMB 26.5 million from the
long-term incentive reward fund accrued by the Company in accordance with its compensation
management system on a 1:1 matching basis with the total amount not exceeding RMB 53 million
· Number and proportion of shares under the plan: Approximately 740800 shares accounting for
0.06% of the Company's total share capital(3) Career Development 2）External Career Development
The Company implements a fair and impartial selection and promotion mechanism and is committed to providing equal career Goneo's unique large value chain development channel provides broader development opportunities for outstanding talents. Among them
development and promotion opportunities for all employees. The Human Resources Center has established two major employee internal outstanding talents can develop into excellent dealer bosses or professional dealer managers; outstanding talents in supplier
development channels: internal talent echelon construction and external career development. The internal channel has established management factory representatives factory workshop management etc. can develop into the core management team of suppliers.two sequential rank systems management and professional and implemented a vertically smooth and horizontally interconnected Employees who have worked in Goneo's overseas marketing for two years or who have worked in other departments for six years can
promotion mechanism; the external channel covers suppliers and dealers and is Goneo's unique large value chain development apply to be developed as Goneo dealers. As of the end of the reporting period more than 300 employees had become distributors or
channel. professional managers within the distributor network.During the reporting period a total of 450 employees of the Company were promoted.Management Measures
Unique employee Development path
Goneo Group adheres to a people-oriented approach and regards human capital development as the core support for sustainable
corporate growth. It is committed to creating growth space and a good working environment for every employee and achieving synergy
between personal value and corporate development.Internal External
(1) Talent Training
Professional Senior
The Company implements fair and comprehensive talent development programs and is committed to providing all employees with job-
Cadres Expert team Distributors manager of executives of
distributors distributors related knowledge skills management training and other advanced development programs. It helps and encourages employees
to fully realize their potential and make full use of their talents and capabilities. By actively organizing internal training learning and
exchange activities and cross-functional workshops the Company seeks to meet employees' development needs in professional
skills management and leadership.
1）Job Rotation & Job Changing Mechanism
Through internal evaluation assessment and feedback mechanisms the Company ensures that training programs at all levels
Whether it is front-line employees or company executives Goneo has always advocated promoting employee growth through appropriate are effectively aligned with performance improvement plans forming a closed-loop management approach of "training-feedback
job rotation laying a solid foundation for employees' future promotions and ensuring the Company's talent needs. -improvement."
Goneo advocates the diversification of employees' skills and cultivates employees' multiple skills
For Frontline
through job rotation improves the abilities of operators allows them to pursue valuable work and
Employees
helps employees understand each other's work content and better help each other.Through job rotation employees are exposed to cross-functional work broaden their knowledge
For Professional or
fully grasp the operational capabilities of the company and departments and have more
Managerial Employees
opportunities to cultivate employees into compound talents.Cross-Business Unit/ In 2025 there is a total of 585 cross-business mobile talents and the proportion of internal
Cross-Department Job candidates filling vacancies 48.4% (the highest in history). The internal vitality of talents has been
Change Channel effectively enhanced.Training Focus Main Initiatives Case "Niu Program"- Full-cycle Development Practice for the Class of 2025 Graduates
The Niu Program has established a three-stage development system covering cultural integration job readiness and career
* Based on the cadre competency model build a three-dimensional training mechanism of development."Leadership Academy + Expert Coaching + Standardized Courses". In 2025 a total of 7
leadership courses were introduced and internalized against Danaher 11 internally built courses Stage 1: Intensive Training (3 days) - Through factory visits master classes ice-breaking activities and creative competitions
and 31 people completed CT training. participants are inspired to unleash creativity and build a sense of organizational belonging.Leadership Development
* Establish popular training rules unify management language and methods improve the Stage 2: Frontline Internship (3 weeks) - Participants learn about products and manufacturing processes drive improvement
System
leadership skills of on-the-job cadres and conduct 14 leadership foundation training sessions integrate theory with practice and accelerate role transition.throughout the year.Stage 3: Job Rotation Development (11 months) - Through rotational assignments mentor support and confirmation review
* Regular operation of cadre training camps to promote the continuous improvement of the presentations participants clarify job responsibilities and strengthen business capabilities.management talent echelon.
2025 Results: The program completed the systematic development of 199 fresh graduates; 12 role-model young talents were
recognized through the "Goneo Outstanding Young Talent" program; and the two-year retention rate of graduates from the Class
of 2024 reached 58.8% representing an increase of 11.2 percentage points over the Class of 2023. At the same time business
* In 2025 Goneo Academy was fully constructed and operational: covering a total of 18 courses in units launched specialized development initiatives including "Young Niu Talent" programs in Decorative Channels and Electrical
3 major schools: Product Academy (pilot pilot programme successfully completed) Leadership
Connections helping form a diversified young talent development ecosystem across the Group.Academy Human Resources Academy (HRBP universial training and practical sessions
launched) and Quality Academy (reliability training and practical sessions launched in March).Expert Talent Development * Build a data-based management system for knowledge assets establish a knowledge base
Program + lecturer database (internal + external) and promote the construction of school teaching The Company has further advanced the implementation of its "Niu" series talent development programs tailoring training resources to the
management rules and processes. characteristics and needs of employees at different stages of development while continuously strengthening its internal trainer team and
building a self-sustaining knowledge transfer mechanism. From newly recruited graduates to management talent with strong development
* In 2025 the certification of qualifications and abilities was officially promoted and the qualification potential the Company provides each employee group with clearly defined development pathways continuously stimulating innovation
platform was launched online to further improve the matching between organizational personnel and vitality among employees and fostering positive interaction between individual growth and corporate development.and positions.* Continue to implement the "Niu Plan" fresh graduate training project and build a four-level training
system of "centralized training (3 days) → front-line internship (3 weeks) → rotation experience (11
months) → on-the-job practice (long-term)".* Multiple business departments (decoration channels electrical connections wall openings new
energy etc.) simultaneously carry out special training of "Young Niu Talent" and each business
Young Talent Development department spontaneously cultivates and cultivates talents.Program
* The retention rate of college students continues to improve: the retention rate for the class of 2023
is 47.6% and the retention rate for the class of 2024 has increased to 58.8%.* Continue to carry out the "Goneo Outstanding Young Talent" selection activity and set up four
gradient selections in 2025: "Star of Hope" "Star of Tomorrow" "Star of the Future" and "Bright Star"
to encourage the growth of young talents at all stages.* Promote the spontaneous cultivation and joint cultivation of talents in each sequence of
"research production and sales". Each business department promotes special talent training During the reporting period the Company officially established and fully launched Goneo Academy comprising the Leadership Academy
projects based on its own business characteristics including IT multi-skilled talent development the Product Academy and the Quality Academy. A total of 18 courses were developed forming a systematic learning system covering
five-dimensional integrated precise empowerment (internal service) middle-level training multiple talent tracks including management expert and skilled talent. By building a digital knowledge asset management mechanism and Professional and
Workforce-wide Capability (wall-opening) outstanding engineer project (new energy) T1 talent advancement (hardware
establishing internal and external knowledge bases and trainer pools Goneo Academy has integrated dispersed training resources into
reusable organizational knowledge assets.Enhancement channel) etc.* Internally train 16 CT people; enrich learning resources through overseas study benchmarking In 2025 Goneo Academy delivered 14 leadership foundation training sessions and completed CT development for 31 participants
visits a combination of external programs and internal training etc. and each business effectively unifying management language and methodologies and significantly enhancing the leadership effectiveness of incumbent
department actively carries out capacity development work at all levels. managers and the overall organizational capability.Key Performance
Employee Training Performance Indicators Unit 2025 2024 2023
Total investment in employee training (online + offline) R MB 10000 375.50 410.57 460.31
Total number of employees trained online persons 9960 13775 15687
The average length of time employees receive online training hours 7.53 3.7 2.4
Total hours of online training for male employees hours 54381.0 37935.6 23748.0
By gender
Total hours of online training received by female
hours 20588.0 15952.7 13900.0
employees
The total number of hours of online training
hours 50978.0 38994.5 33287.0
received by junior employees
Total hours of online training received by middle
By employee type hours 6301.0 3999.6 3514.0
management employees
Total hours of online training received by senior
hours 4812.5 899.0 847.0
management employees
Human capital return on investment % 6.89 6.87 7.24
Receive regular performance and career development Percentage of
%100100100
employees appraised
(2) Employee Benefits
Based on its development needs the Company has established a sound and well-structured employee benefits system. The
Employee Social Insurance and Housing Provident Fund Management System sets out the management requirements for social
insurance commercial insurance and housing provident fund contributions for all active employees thereby safeguarding their basic
rights and interests. The Charitable Assistance Management Measures for Employees in Need clarify the eligible recipients scope
procedures and division of responsibilities for assistance. In addition the Employee Benefits Management System establishes a
broad range of benefit categories based on employees' actual needs. Housing purchase loans provide financial support to employees
who have worked for the Company for at least two years and demonstrated strong performance. The Employee Care Fund and the
Fangcaodi Mutual Aid Association focus on employees and family members facing hardship due to illness or disaster providing tiered
assistance based on factors such as out-of-pocket expenses and household income. High-temperature subsidies are provided to
employees working in indoor workshops and outdoor environments to help safeguard the health of employees in special positions.Together these non-cash benefits cover all employees and form a clearly structured and precisely targeted employee care
mechanism. This not only reflects the Company's systematic response to employees'diverse needs and differentiated protection
requirements but also further enhances employees'sense of belonging fulfillment and stability. Combined with the continued
recruitment of high-level talent the improvement in the internal fill rate and the continued decline in the voluntary turnover rate
these indicators together reflect that the Company is gradually building a virtuous cycle of "employee development — organizational
efficiency enhancement — shareholder value creation" in its human capital management practices.Employee Benefits Details Employee Benefits Details
Category Specific Content 2025 Results Category Specific Content 2025 Results
* Housing subsidies housing purchase * In terms of subsidies and allowances the Company provided
* Social insurance (pension insurance * The Company continued to improve its employee benefits and loans transportation subsidies post- RMB 1.8534 million in post-holiday allowances RMB 37.3228
m e d i c a l i n s u r a n c e u n e m p l o y m e n t protection system and provided social insurance and housing holiday allowances charitable assistance million in housing subsidies (covering all employees) and
insurance work-related injury insurance provident fund contributions for all employees in accordance and the "Migratory Bird Home" summer RMB 810800 in transportation subsidies. The Company also
a n d m a t e r n i t y i n s u r a n c e ) h o u s i n g with the law achieving 100% coverage. childcare program provided housing purchase loans to employees in need with
provident fund statutory holidays high- * In terms of compensation-related subsidies the Company a maximum amount of RMB 300000 per loan.temperature subsidies lunch subsidies provided high-temperature subsidies totaling RMB 2.39 million. * In terms of employee care the Goneo Fangcaodi Mutual Aid
night shift subsidies holiday care and
* For production employees night shift subsidies totaled RMB Living Association provided assistance to 146 employees with total
employee welfare items
13.857 million and free late-night meals represented an Support and relief payments of RMB 516000 during the reporting period. Basic
additional investment of RMB 6.6938 million. Employee The Goneo Employee Care Fund provided assistance to 57 Benefits
employees with total relief payments of RMB 541500. The
* In terms of daily living support the Company subsidized meal Care Company also extended care to employees who were sick or
expenses for all employees totaling RMB 31.9247 million. hospitalized with related spending of RMB 295700.* The Company also provided holiday care during the Spring * In addition the Company operated the "Migratory Bird Home"
Festival Dragon Boat Festival and Mid-Autumn Festival and summer childcare program providing childcare services
distributed monthly employee welfare items. for 228 employees' children with a total investment of RMB
* These benefits covered all employees with total spending 116800.on holiday care and welfare items amounting to RMB 5.7609
million.* Annual service anniversary birthday gifts * Service anniversary birthday benefits totaled RMB 1.5329
* Pre-employment medical examinations * Pre-employment medical examination coverage for new for employees with at least one year of million. Long-term
occupational health examinations general hires reached 100%.service marriage and childbirth care gifts
Contribution * Long-term service awards totaled RMB 2.134 million.long-term service honor awards granted
health check-ups and commercial * Occupational health examinations covered pre-job on- Benefits every five years retirement care and the * Childbirth care benefits amounted to RMB 119700.insurance including group personal the-job and off-the-job stages with a 100% examination
"Star of Warm Light" recognition incentive
accident insurance vehicle accident coverage rate for hazard-exposed positions and related * Marriage gifts totaled RMB 65300 and retirement benefits
insurance overseas travel insurance spending of RMB 776200. amounted to RMB 18800.Medical and supplementary commercial medical
* Health check-up coverage for formal administrative
Protection insurance in designated regions
employees reached 100% and 3366 health check-ups were
and Insurance completed for eligible direct production auxiliary production * P a i d a n n u a l l e a v e s i c k l e a v e Leave and * Employees of the Company took a total of 66339 days of Benefits and indirect production employees. bereavement leave marriage leave
Time-off various types of leave.prenatal check-up leave paternity leave
* Overseas insurance coverage for outbound personnel Benefits
and other types of leave
group accident insurance coverage for eligible interns and
rehired employees commercial employer liability insurance
coverage for risk-sensitive positions and supplementary
medical insurance coverage for eligible employees with at * Education and training cultural activities * The Company organised 532 team-building activities with a
least two years of service all reached 100%. team-building activities cultural festivals total investment of 5.7344 million yuan;
annual meetings and related programs * A series of summer-themed activities and Happy Meetings'
under the banner "Share the Joy Enjoy the Energy" were
Culture and organised for frontline staff. A total of 13 events were held
* Activity center staff lounge recreation * In terms of accommodation the Company added 322 new Team-building covering five domestic bases and two overseas bases with
area sports area tea break area Niuren rooms upgraded 52 rooms and added 2 smoking rooms Activities
over 4200 participants in total thereby enhancing frontline
staff’s sense of belonging to the team.Restaurant and staff dormitories and 1 shared kitchen.Office * The inaugural Family Open Day was successfully held
Environment * Ruihai Homes rented out 362 housing units to internal attracting 150 families to register with over 500 people
and Living employees. attending. During the event more than 100 stories on the
Facilities theme of "Treating the Company as Home" were collected; * In terms of commuting and office facilities the Company eight heart-warming videos and four highly interactive
added 2026 parking spaces and 198 charging stations programmes were produced; and eight diverse fairground
and equipped workplaces with 1475 nap chairs and 78 activities were organised fostering a cultural atmosphere of
smart meeting displays. “building a home together with the company”.Case Ruihai Homes Greentown Property Organizes a Diverse Range of Community Activities Case "Migratory Bird Home" Program
Ruihai Homes Greentown Property has continued to organize a wide range of themed activities centered on community care
To help address employees' concerns about childcare during holidays the Company has organized the "Migratory Bird Home"
and convenient services. These activities span parent-child interaction holiday care cultural and recreational engagement and
summer camp for 13 consecutive years. The program is open to the children of non-local employees and features a series of
everyday convenience services including parent-child fire safety education activities children's fitness night runs mooncake
activities focused on academic support interest development safety education and parent-child interaction helping children
DIY sessions Double Ninth Festival hiking and elderly care activities Winter Solstice tangyuan gatherings Laba Festival
spend a safe fulfilling and meaningful holiday.porridge giveaways free haircuts on the Dragon Heads-Raising Day and designated weekend drying areas. Held throughout
key moments of the year these activities respond to the practical needs of residents of different age groups. Over the past 13 years "Migratory Bird Home" has become a signature program through which Goneo cares for employees and
puts corporate responsibility into practice. It enables employees to truly feel the warmth of home while allowing children to grow
Through regular and diversified community engagement Ruihai Homes Greentown Property actively fosters a harmonious and
and enjoy happiness close to their parents.warm living environment continuously enhancing employees' sense of belonging and well-being in daily life.Parent-child fire protection Double Ninth Festival Elderly Care Winter Solstice Tangyuan Gathering
study activities Activity
Case The Company Organized the "Women Role Model in Achievement" Selection
Goneo Group's 13th Migratory Bird Home Closing Ceremony
Ahead of the 115th International Women's Day the Company's Party Committee labor union and Women's Federation jointly
launched the "Women Role Model in Achievement" selection program for all female union members with at least one year of
service. Focusing on dimensions such as overall qualities work style moral conduct and exemplary leadership the Company
selected 100 outstanding female employees through departmental nomination joint review and public announcement
procedures. By establishing role models through a formalized recognition mechanism the Company further demonstrated its Case Club linkage online activities
sustained commitment to the development of female employees and advanced the implementation of a diverse and inclusive
workplace culture.To enrich employees' lives outside work and create a positive organizational atmosphere the Company organizes regular
monthly cultural and sports activities through its employee clubs while also holding 17 themed interactive events on online
platforms. The clubs cover sports arts lifestyle and other areas. By combining online and offline formats these activities
overcome geographical limitations and attract broad participation from employees across different positions and locations. They
effectively enhance employees' sense of participation and belonging and help integrate a healthy energetic and joyful culture
into daily work and life.Recognition Ceremony for "Women Role Models in Achievement" Group Photo of Offline Club Activities(3) Employee Satisfaction Occupational Health and Safety
The Company regularly conducts employee satisfaction surveys and collects authentic feedback from both administrative and
production functions through questionnaires. Based on this process it has established a PDCA closed-loop management mechanism
of "data collection → diagnosis and analysis → improvement execution → review and solidification" providing an objective basis for the The Company has always regarded occupational health and safety as the bottom line and cornerstone of safeguarding employee well-
continuous improvement of administrative services employee care and the workplace environment. being. Supported by a systematic safety management framework we integrate a prevention-oriented approach into every aspect of daily
operations and are committed to providing employees with a safe healthy and respectful working environment.In 2025 the Company implemented a series of targeted improvements in dining housing and office environment. The new
headquarters canteen was officially opened with 14 new food counters introduced to provide more diversified dining services and
the first Food Carnival launched 35 new dishes. The Company also launched a dormitory food delivery service added 2026 parking
spaces and 198 charging stations and reduced the average response time for administrative service work orders significantly from Risk Analysis
37.02 hours to 11.61 hours.
Through these ongoing improvement efforts employee satisfaction reached 91.55 points in 2025 representing a year-on-year According to the industry classifications set out in the Standards for the Identification of Major Hidden Risks of Work Safety Accidents
increase of 10.65 points and setting a record high. in Industrial and Trading Enterprises (2023 Edition) issued by the Ministry of Emergency Management as well as the Administrative
Measures for the Accrual and Use of Work Safety Expenses by Enterprises (Caizi [2022] No. 136) high-risk industries mainly include
mining metal smelting and construction. The industry in which Goneo Group operates does not fall within the category of high-risk
Key Human Resources Performance Indicators
industries and its overall safety risk level remains relatively low. During the reporting period the Company's injury rate per million
working hours was 0.81 significantly lower than the average level of high-risk industries demonstrating the effectiveness of its safety
Human Capital Performance Indicators Unit 2025 2024 2023 management.Nevertheless the Company still faces potential safety risks in its daily production and operations including injuries arising from machinery
Social Security Payment rate % 100 100 100
operation risks related to the use and storage of chemicals exposure to occupational hazard factors such as noise and dust and unsafe
employee behaviors. If relevant control measures are not effectively implemented these risks may lead to safety incidents and adversely
Performance Appraisal Coverage % 100 100 100 affect employee health and business operations. In response the Company continues to improve its safety management system advance
risk-based control measures and hazard identification and remediation and maintain safety risks at an acceptable level.Satisfaction survey scores points 91.55 80.9 81.2
Satisfaction
Survey Coverage of employees participating in
%3843.830.20
satisfaction surveys Strategy and Objectives
Total number of employees entitled to
persons 1387 1512 997
parental leave
Total number of employees taking
Parental Leave persons 1232 1210 402 Goneo Group strictly complies with the Work Safety Law of the People's Republic of China the Fire Protection Law of the People's Republic
parental leave
of China the Law of the People's Republic of China on the Prevention and Control of Occupational Diseases and other applicable laws and
regulations in the jurisdictions where it operates. The Company has established and implemented a management system covering key
Parental leave return rate % 96.68 96.36 96.94
aspects of the production process including work safety occupational health emergency response and accident handling and conducts
annual reviews in light of its operational conditions to drive continuous improvement. According to the Implementation Measures for Work
Safety Liability Insurance issued in April 2025 Goneo Group does not fall within the category of high-risk industries subject to mandatory
work safety liability insurance. The Company therefore plans to purchase such insurance in 2026 for employees in internally identified
high-risk positions to further strengthen employee protection.During the reporting period the Company completed revisions to three EHS management systems. It newly revised the Equipment Safety
Management System and comprehensively upgraded the EHS Reward and Punishment Management System into the EHS Responsibility
Identification Management System. The revised system further clarified the division of responsibilities added the Financial Management
Center as a responsible department and introduced new chapters on accident responsibility determination and report records. The
system has passed review by the employee representative congress and has been rolled out to all employees through training. In addition
benchmarked against the internationally recognized EcoVadis rating system the original Goneo Safety System BSS Clauses and
Operational Management Provisions were comprehensively upgraded into the Goneo EHS Rating System GGS Operational Management
Provisions.For contractors suppliers and other relevant parties involved in the Company's production activities the Company has established
corresponding safety management measures to safeguard health and safety during their operations and service delivery. Before ESG Goals Progress to 2025 Completion Status
project construction begins relevant parties are required to sign the Relevant Party EHS Agreement and commit to strict compliance
with work safety requirements. The Company also urges and organizes relevant parties to carry out safety education and training on The signing rate of employees' "Safety Environmental Protection
hazard identification risk assessment and control safety technology fire safety and the protection of equipment and facilities. During and Occupational Health Responsibility Guarantee" reached 100% Achieved
construction the Company conducts comprehensive safety management and supervision inspections at relevant parties' construction 100%
and service sites and assigns dedicated safety supervisors to high-risk work areas to prevent accidents.Occupational health examination coverage 100% 100% Achieved
The Company has established a sound work safety governance structure with the Chairman serving as the Group's primary person Occupational contraindications transfer completion rate 100% 100% Achieved
responsible for work safety. The Group has established an EHS Committee under which the EHS Management Department is responsible
for implementing relevant requirements. Each business unit production base and workshop has a corresponding EHS management 100% coverage of all AED work bases 100% Achieved
body responsible for work safety management at its respective level. The Employee Health Care and Assistance Management Committee Injury rate per million hours worked is less than 1.9 cases/million 0.81 cases/million working
continues to operate fully leveraging the functions of the labor union and the Human Resources Center to pay timely attention to Achievedworking hours hours
employees' mental health and help address practical difficulties.
0 major EHS incidents 0 Achieved
During the reporting period relevant operations of 11 Group entities including wholly owned subsidiaries obtained ISO 45001 certification
Hazardous chemicals control rate 100% 100% Achieved
bringing system coverage to 84.62% and covering all of the Company's principal business operations.
100% closure rate of major chemical risks 100% Achieved
Management The provision rate of psychological counseling rooms in each
Key Responsibilities 100% Achieved
Level work base is 100%
* Provide overall leadership and formulate EHS policies objectives and targets.* Establish positions in accordance with applicable laws and regulations and supervise and
EHS Committee
guide EHS management and communication.* Make decisions on major matters and organize regular meetings. Management Measures
* Improve the accountability framework and management systems and organize training
and resource allocation.Executive Office of the The Company continues to strengthen its management measures across two dimensions: production safety and occupational health.* Conduct supervision and inspections to ensure the implementation of work safety
EHS Committee During the reporting period the Company focused on advancing the implementation of the GGS system upgrading the digitalization of
management. safety management and promoting the substitution of toxic and hazardous substances thereby driving the continuous improvement of
* Formulate emergency response plans and organize accident reporting and investigations. EHS management.* Undertake the responsibilities assigned by the EHS Committee assume overall
responsibility for EHS work within their respective business areas and bear direct
leadership responsibility for EHS work within their scope of management. (1) Production Safety
* Establish and improve Goneo Group's EHS accountability system standards rules and
EHS Management Bodies of regulations.Each Business Unit Safety Risk Management and Control
* Organize and coordinate the formulation of the Group's annual EHS education and training
plan and emergency drill plan.The Company has established the Goneo EHS Rating System (Goneo Grading System GGS1) and in strict accordance with the principles
* Convene Group-wide EHS management meetings every six months and organize monthly of "unified planning hierarchical management and line-based accountability" and "those responsible for production must also be
Group EHS meetings to study and resolve major EHS management issues. responsible for safety; those responsible for business must also be responsible for safety; whoever is in charge is accountable" carries
out hazard identification assessment and control conducts regular safety hazard inspections and implements risk-based classification
management to minimize the occurrence of production safety accidents.Goneo Group places top priority on employee occupational health and safety. Guided by its EHS policy of "people-oriented protecting
Each business unit and functional unit conducts one GGS internal audit per month while the Group EHS team conducts one annual GGS
employee health; regulating behavior ensuring safe production" the Company has established and continuously improved its occupational
year-end rating. In addition EHS audits are conducted on an ad hoc basis (at least twice a year) to verify the authenticity of management
health management system providing every employee with a safe working environment through sound emergency management
processes and process data of each business unit and functional unit thereby ensuring the effectiveness of the Company's occupational
measures and risk control procedures. At the same time the Company continues to strengthen its safety culture reinforce accountability
health and safety management system.for work safety and enhance emergency response capabilities. In 2025 while continuing to deepen its existing management system the
Company actively advanced automation and intelligent transformation reducing the risk of repetitive strain injuries at the source. It also
further strengthened its employee mental health support system driving occupational health management to a higher level.
1Upgraded from the Company's original Bull Safety System (BSS).Goneo Group Safety Inspection and Audit Mechanism The Company continues to strengthen its on-site EHS risk identification and control capabilities by establishing a four-level EHS risk
management system and applying graded management to identified hazards and operational risks. Through the risk radar scanning
Security inspection and key governance system risks are assessed based on the severity and likelihood of hazardous events enabling the Company to identify critical weak points
Safety Inspection and Audit Type Inspection Content processes and achieve closed-loop management of hazards as well as comprehensive and dynamic risk control.Daily safety inspections; Fire safety warehouse safety
Regular safety inspections construction site safety typhoon and
(quarterly monthly and weekly); flood prevention and labor protection EHS Management Responsible
Pre-holiday and post-holiday supervision and inspections Department department
inspections
Hazard Identification JHA Risk Map Risk Radar
Professional safety inspections
covering the safety status of Safety check
Encourage hazard reporting Analyze and control risks Apply a risk grading Further refine risk
special equipment fire protection
Special safety inspections across all employees all step by step across each methodology to classify classification focus on hazardous chemicals flammable
and explosive areas occupational areas and the entire process operational procedure on-site risks into high critical weak points and
protection facilities and relevant Guidance and Rectification of to identify hazards more making the approach medium and low levels strengthen tracking and
parties monitoring safety hazards comprehensively and control suitable for risk management helping managers allocate closed-loop management of
risks in a timely manner. in on-site SW operations. resources more effectively to key risk areas.Company rules and regulations and higher-risk areas.Comprehensive safety inspection
the rectification of identified hazards Tracking Information
verification feedback
Leadership and risk management
fire safety and emergency In terms of risk communication the Company has established a dual-track management and control mechanism combining proactive
management electrical safety and responsive measures. On the proactive side hazard identification is advanced through routine safety inspections and comprehensive
of equipment environmental Archive closed-
GGS Certification and EHS Audits loop system safety reviews supported by a digital system on the Feishu platform. On the responsive side through the EHS reporting platform
management occupational health workshops are required to post accident bulletins on the EHS management board within 24 hours of an incident. Employees may report
and chemical management
issues by scanning the QR code on the board or by phone ensuring timely information reporting and full traceability throughout the incident
warehousing and logistics
management process.management etc.Goneo Group GGS audit framework
Wall Switch Business Division's Four-level EHS Risk Management System — Building a Systematic
Case:
Safety Risk Management Framework
Achieve 100% coverage of all business divisions and core functional departments with 50% of units
Target
reaching the GGS Silver level In 2025 in response to issues such as the fragmented operation of the original EHS risk management modules and insufficient
tracking of major hazards the Wall Switch Business Division took the lead in establishing a four-level EHS risk management
Benchmarked against the internationally recognized EcoVadis rating framework the Company has system. The system integrates risk identification grading tracking and closed-loop management into a unified framework
established a multi-dimensional quantitative indicator system combining outcome indicators and enabling progressive management across the levels of business division → workshop → team → position. The hazard closure
process indicators forming Goneo's own process management assessment standards. The GGS rate at all levels reached 100%. Risk maps were developed for 69 job categories enabling targeted focus and precise control
rating system comprises five levels: over high-risk areas. With a GGS audit score of 85.4 at year-end 2025 the Wall Switch Business Division became the first
Standard Platinum: 85-100 points Platinum-rated business unit in the Group.Gold: 65-84.99 points
Silver: 45-64.99 points
Bronze: 25-44.99 points
Iron: 0-24.99 points
Development of the Feishu Hazard Management Platform - Advancing the Digital Upgrade of
Case:
Hazard Management
Each unit conducts a monthly internal audit and self-assessment to reflect its internal management
performance. In addition the Group carried out one EHS audit achieving 100% audit coverage to In 2025 the Company completed the development and full rollout of the Feishu Hazard Management Platform. Previously the
verify the authenticity of data reported by each unit and drive improvements in management detail Group's hazard management relied on manual registration and follow-up through spreadsheets which created challenges such
and execution across business units thereby ensuring the achievement of year-end audit and as delays in reaching responsible personnel missed optimal rectification windows risks of data loss and high manual workload.rating targets.Audit and Rating Through the self-developed Feishu Hazard Management Platform the Company achieved a digital upgrade in hazard
At year-end the GGS audit coverage rate reached 100% covering 15 units. The achievement rate
Results management. Hazard information is now pushed to responsible personnel in real time ensuring prompt response. The system
for Silver and above reached 100% while the achievement rate for Gold and above reached 53%.automatically tracks rectification progress forming a complete closed-loop hazard management process. Data is centrally
The detailed results are as follows:
1 retained effectively eliminating the risk of data loss caused by manual operations. At present all 15 relevant units across the Platinum: 1 unit
Group have been incorporated into the Feishu Hazard Management Platform realizing the digitization standardization and
Gold: 7 units
visualization of Group-level hazard management.Silver: 7 units
1 The Platinum-rated unit was Goneo's Wall Switch Business Division which achieved an internationally recognized management level.Chemical Safety Management Chemical Hazard Assessment
In accordance with the IECQ QC 080000 system and the Company's management requirements for toxic and hazardous substances
The Company has established a collaborative management mechanism among business departments the EHS department and the
the Company has formulated and implemented the Hazardous Substances Management System. It regularly carries out risk control
procurement department covering the full life cycle of hazardous chemicals across the stages of design procurement unloading and
for hazardous substance-free (HSF) materials identification and assessment of HSF contamination sources and testing of HSF
storage use and disposal with strict controls over regulated chemicals. In 2025 the Company added an EHS assessment checkpoint
finished products in order to safeguard product safety and compliance.to the PLM-based product life cycle management process strengthened the supervision of chemical raw and auxiliary materials by
classification and introduced front-end control measures. A total of 199 approvals for new chemicals were completed during the year.Chemical Substitution
* Ensure environmental compliance with HSF requirements In 2025 the Company continued to advance the substitution of substances posing high toxicological risks with special incentives
Design Stage * Control hazardous substances at the source in accordance with relevant regulations provided through the EHS Proposal Improvement Award Application Form mechanism. During the reporting period business units
* Seek opportunities to substitute hazardous substances during process design completed multiple low-risk chemical substitution projects. The Electronics Company introduced dry ice cleaning machines to replace
board-cleaning solvents used in circuit board cleaning fundamentally eliminating occupational health exposure risks associated with
Conduct safety assessments for the introduction of new chemicals highly toxic substances such as toluene and chloroform and reducing the risk level of cleaning positions from major risk to low risk. *
Procurement
Review supplier qualifications and require suppliers to provide Material Safety Data Sheets (MSDS) The Converter Division of the Electrical Connection Business Group replaced acetone (a precursor hazardous chemical) with ethyl *
Stage acetate while Guyao Company and the Digital Business Division upgraded their hydrocarbon cleaning agents from CH-1130 to the
environmental compliance declarations and signed chemical supplier safety agreements
less hazardous ECOSOL-1040.* Ensure compliant transport of chemicals and conduct safety inspections for tank trucks entering the plant
Unloading and * Implement a two-person two-lock management mechanism
Security Emergency Management
Storage Stage * Carry out whole-process monitoring with 24-hour security supervision The Company carries out safety emergency management in accordance with the Emergency Preparedness and Emergency Control
* Conduct daily inventory checks of warehouse stock Procedures and the ERT Organization and Management Provisions. When an incident occurs the Company can rapidly establish an
Emergency Response Team (ERT) to promptly assess on-site conditions and carry out efficient rescue and emergency handling so as to
* Implement registration procedures for chemical requisition and warehouse release control the impact of the incident in a timely manner.* Require operators to wear protective clothing and other personal protective equipment to ensure safe
Use Stage operation
* Control chemical usage and conduct regular usage reviews Goneo Group Management Workflow
* Carry out chemical inventory checks and emergency management
Occurrence of
ERT Response and Accident Investigation External Response
* Entrust hazardous waste to qualified third-party providers for compliant disposal Accidents
Disposal Stage * Dispose of production wastewater in compliance with applicable standards to ensure compliant discharge
When the second-level response
* Strengthen supervision over the operation and maintenance of wastewater treatment stations Seek external rescue o r g a n i z a t i o n i s u n a b l e t o
When the first-level response forces such as government conduct effective emergency
organizat ion is unable to departmentsrescue and treatment
conduct effective emergency
Notify the The second-level ERT leaders
Management of Toxic and Hazardous Chemicals rescue and treatment Establish ERT secont- *
leader of this level response are responsible for contacting
In 2025 the Company continued to strengthen its management system for toxic and hazardous substances and revised Q/ department organization external rescue forces such as
Establish ERT first-level
GN G051011-2025 Hazardous Substances Management System. Focusing on the environmental hygiene and toxicological or the EHS response organization government departments.R e p o r t t o t h e b a s e
characteristics of materials and with reference to WS/T 777-2021 Technical Guidelines for Environmental Health Risk Assessment personnel of *
of Chemical Substances the Company conducted a systematic analysis of its chemical inventory and raw and auxiliary material lists this base leader and the base EHS
* The personnel on duty shall
established a graded control system for toxic and hazardous substances and developed a visualized control framework to clearly establish a second-level
establish the ERT level 1
define the control boundaries for high-toxicity risks. ERT response organization
response organization of and form a guidance group
Based on this visualized control framework the Company further assessed compliance across eight management areas including their department including support grouprescue
environmental protection equipment and facilities occupational disease prevention facilities personal protective equipment for component support group group boundary group
relevant positions occupational health examinations and the visual management of discharge outlets using the level of compliance rescue group alert group evacuation group and
as a quantitative verification indicator. During the reporting period the Company issued 4 general rectification notices and 6 time- evacuation group and first aid group
limited rectification notices. All corrective actions were completed on schedule and the Group's overall compliance in the management first aid group * P r o m p t l y c a r r y o u t
C o n d u c t a s t u d y a n d
of toxic and hazardous substances improved significantly. * emergency rescue work
judgment on the on-site
The Company also prepared and issued management guidelines such as Visual Management of Occupational Hygiene for Toxic situation
Operations and Visual Management of Environmental Protection. In addition the Group established front-end control checkpoints in * P r o m p t l y c a r r y o u t
business processes such as product life cycle management and equipment acceptance. An EHS assessment node was added to the emergency rescue work
PLM system's coding application and change process to ensure that materials containing hazardous chemicals can only be released
upon approval by the responsible EHS personnel. At the same time the Equipment Safety Acceptance Checklist was revised to
incorporate toxic and hazardous substance control requirements into equipment acceptance standards.Case Safety Month Activities
In 2025 the Group's 14 business divisions completed a
total of 690 ERT drills covering scenarios such as fires
electric shock incidents mechanical injuries chemical In June 2025 the 24th National Work Safety Month was carried
leaks and environmental pollution. Across the Group a out nationwide under the theme of "Everyone Talks About Safety
total of 709 ERT training sessions were completed with Everyone Knows Emergency Response - Identifying Safety
key topics including firefighting gear donning chemical Hazards Around Us." During this period the Company organized
protective suit donning CPR first-aid bandaging and a series of safety activities at both the Group and business unit
physical training. levels in line with this theme.At the Group level the Company held activities such as a hazard
identification competition and forklift and electric pallet truck skills
competitions. At the business unit level individual units organized
themed activities including safety awareness campaigns hazard
screening and knowledge contests. Through coordinated efforts
Smart Lighting-Chemical Leak Accident Emergency Drill
across all levels these activities effectively communicated safety
knowledge to employees and further enhanced the emergency Photo from Safety Month Activities
management capabilities of frontline personnel.Safety Production Training
To comprehensively improve employees' safety awareness and self-protection capabilities the Company regularly conducts work
safety training. In addition to general EHS training provided to all employees and new hires the Company arranges external training for
employees engaged in special operations or other specialized work. The effectiveness of training is evaluated through a combination of (2) Occupational Health
interviews written examinations and practical assessments ensuring that employees in relevant positions master the required safety
knowledge and skills improve their emergency response capabilities and help prevent safety incidents. The Company fully recognizes that prevention is the key to the management of occupational diseases and work-related injuries.Through a range of measures—including hazard communication and disclosure the provision of adequate personal protective
Safety Production Training System equipment and supplies occupational health examinations covering the pre-job on-the-job and off-the-job stages occupational
health and safety training for employees and the introduction of automation equipment—the Company works to prevent and reduce
Training Type Target Trainees Main Training Content repetitive strain injuries and minimize the occurrence of occupational diseases and work-related accidents. At the same time the
Company has established comprehensive procedures for the treatment of occupational diseases and the handling of work-related
injury incidents and remains committed to continuously improving its management of occupational diseases and work-related injuries.* EHS management practices and basic EHS knowledge* New hires
Three-level Working environment and hazard factors
* employees returning to work after being away * In 2025 the Company had 3565 employees in positions exposed to occupational disease risks completed 4586 occupational health
EHS Training * Protection and first-aid methods
from their positions for one year or more examinations and recorded an occupational disease incidence rate of zero.* Job-specific safety operating procedures
* Personnel involved in the adoption of new * Safety education relating to specific new technologies Measures for The Prevention and Control of Occupational Diseases Occupational Disease Treatment and
"Four New"
processes new products new equipment processes equipment and materials and the Management of Work-Related Injury Prevention Rehabilitation
Training
and new materials in the production process Arrange treatment rehabilitation and regular
Set up hazard notification and hazard publicity *
check-ups for patients with occupational
* Set up bulletin boards warning signs and instructions
diseases with the expenses fully covered by
Special * Special equipment operators and personnel * Theoretical safety training and practical training Provide protective gear and equipment
the Company
Operations engaged in high-risk and complex special corresponding to the specific special operations performed * Provide labor protection supplies special labor protection supplies and
* Timely adjust job positions
Training operations personal protective equipment for different positions
* Regularly conduct effectiveness testing on occupational health protection
* Traffic safety laws regulations and related safety Handling of Work-Related Accidentsfacilities and carry out maintenance and repair
* All employees of the EHS Department knowledge and skills
Traffic Fire Conduct pre-employment on-the-job job transfer and off-the-job
* workshop electricians Establish an accident investigation team conduct Fire safety laws regulations and the basic methods of fire *
and Electrical * occupational health examinations and reviews on-site investigations and cause analysis and
prevention and firefighting
Safety Training Carry out employee training pursue accountability
* Electrical safety laws regulations and emergency
Carry out detection and assessment of hazardous factors and labor intensity
response * Carry out work-related injury and labor ability
* Regularly entrust professional third-party organizations to conduct assessment
Employees who have committed safety Relevant EHS systems; workplace hazard factor detection and evaluationTraining for * * * Provide employees with work-related injury
* Conduct occupational health self-inspection quarterly
Employees violations * EHS-related laws and regulations; insurance benefits and carry out condolences
and care activities
with Safety * Hazard factors preventive measures and emergency Introduce automation equipment carry out labor intensity reduction projects
Violations response measures and prevent repetitive strain injury (RSI) * Request the responsible department to rectify...... within a specified time limitEHS Occupational Health Information Platform - Enabling End-to-end Digital Management of In terms of employee mental health the Company continues to carry out systematic care initiatives and integrate mental health services
Case
Occupational Health into daily management and culture building. Through themed activities such as the "525 Workplace Well-being Support Station" the
Company responds to employees' needs in a timely manner and provides emotional support and guidance. The Employee Care Station
Goneo Group established its EHS Occupational Health Information Platform in early 2024 and further deepened its application also regularly organizes mental health training and exchange activities to improve employees' psychological adjustment capabilities.in 2025. The platform systematically streamlined existing workflows from the perspectives of operational processes and
information coordination. Through the Group's unified platform management and electronic signature functions it established In 2025 the Company continued to advance mental health screening and invited experts to provide thematic training and counseling
a full-chain digital system covering hazard factor identification → determination of hazard-exposed positions → occupational services offering employees multi-level and accessible professional psychological support and creating a healthy warm and positive
health surveillance achieving full electronic coverage of occupational health records as well as data interoperability and long- working atmosphere.term retention.The continued use of the platform ensured a 100% occupational health examination rate and significantly improved the
Case The Company Organized the "525 Workplace Well-being Support Station" Activity
standardization and traceability of occupational health management.The Company invited a psychology expert from the Party School
of the Cixi Municipal Committee of the Communist Party of
Case First Occupational Health Skills Competition
China to deliver a special lecture titled "Relieving Stress and
Empowering the Mind" helping employees identify sources
From April 25 to May 1 2025 China observed the 23rd National Publicity Week for the Law on the Prevention and Control of of workplace stress and build a more positive sense of self-
Occupational Diseases. To further implement and promote awareness of the Law the EHS and Sustainable Development awareness. To help relieve day-to-day anxiety the event also
Department of GONEO Group organized the Company's first Occupational Health Skills Competition on April 28 with the aim of distributed "stress-relief care packs" containing practical items
strengthening employees' occupational health capabilities. such as anti-rumination stickers steam eye masks floral tea
sachets and herbal foot soak packs conveying the Company's
The event invited Section Chief Gao from the Health Supervision Section and Section Chief Xu from the Monitoring Section
care in a warm and thoughtful manner.of the Cixi Center for Disease Control and Prevention to provide on-site guidance. The competition further enhanced
employees'awareness of occupational health and stimulated their enthusiasm for learning more about the prevention and control At the event the mental health awareness short film Seeing Is
of occupational diseases. the Beginning of Healing was also screened to guide employees
toward a better understanding of mental health issues and to
help dispel common misconceptions. Promotional Poster for the 525 Mental Health Series
In 2025
The Company's investment in employee occupational health and safety reached RMB 7.1033 million including Group-
wide expenditures on labor protection work safety and occupational health examinations
Investment in work-related injury insurance totaled RMB 7.5971 million with a 100% coverage rate
The occupational disease incidence rate among employees was 0
The number of work-related fatal accidents was 0
The coverage rate of employees receiving safety training reached 100%
Across the Group a total of 690 ERT drills and 709 ERT training sessions were completed which covered major
emergency scenarios such as fire electric shock incidents mechanical injuries and chemical leaks
The Company conducted 1 occupational health and safety lecture during the yearRural Revitalization and Social Case Deepening Industry University Research Collaboration with Tongji University
Contribution In 2025 Goneo Group donated RMB 10 million to Tongji University to continue supporting the Tongji University Goneo Education Innovation Fund with a focus on international exchange scholarships teaching excellence awards chair funds and community
innovation and entrepreneurship and healthy lighting environment innovation funds. Through these efforts the Company aims to
cultivate internationally minded innovative talent and further promote collaborative talent development and academic innovation.Leveraging its industrial strengths the Company takes practical actions to support rural economic development and improve livelihoods. At
the same time it continues to respond to community needs and works with community partners through diversified public welfare initiatives
to help build better communities and enable development outcomes to benefit a broader range of people.Management (2) Rural Revitalization and Infrastructure Upgrade
Goneo actively responds to the national rural revitalization strategy and regards the upgrading of rural infrastructure as an important
Goneo Group adheres to the core philosophy of being consumer-oriented and integrating social responsibility into its development
way of fulfilling its social responsibility. The Company continues to invest in promoting the comprehensive revitalization of rural areas
strategy and is committed to giving back to society through public welfare initiatives that support rural revitalization and common
surrounding its operations.prosperity. In 2025 the Company focused on multiple areas including education support health support cultural empowerment and
infrastructure development. Through in-depth cooperation with local governments charitable organizations and universities the
Company developed an innovative model integrating public welfare industry and shared development thereby promoting the sustainable
socioeconomic development of surrounding communities.Project Investment Improvement / Impact
During the reporting period the Company's total annual investment in social welfare and public benefit initiatives amounted to RMB 31.975
million of which RMB 17.494 million was invested in rural revitalization benefiting approximately 115900 person-times.Support for the Health and Hygiene Enhanced village medical and healthcare service
RMB 1.0 million
System in Guyaopu Village capacity
Action
Spring Festival Care for the Elderly
RMB 0.903 million Holiday care and support for elderly residents
in Guyaopu Village
During the reporting period the Company focused on three key areas—education support rural revitalization and volunteer service—and Supported projects such as beautiful countryside
continued to increase its investment in public welfare. Through concrete actions it fulfilled its corporate social responsibility and promoted
Infrastructure Development in development ecological and environmental protection
the shared development of the Company the community and society. RMB 5.2 million
Guanhaiwei Town farmland conservation and the development of "Four-
Beauty Villages (Communities)"
(2) Educational Support
Community Power Infrastructure Improved power infrastructure in communities including
RMB 1.3 million
Goneo Group continues to uphold its public welfare philosophy of "Nurturing Education Sowing the Future" and has built a Development Qiaotou and Guanhaiwei in Cixi
comprehensive education support system spanning care for basic education to support for higher education. The Company remains
committed to improving educational infrastructure expanding access to quality educational resources and supporting talent cultivation Named Donations to Three Eastern
RMB 0.33 million Supported grassroots community development
over the long term. During the reporting period the Company invested approximately RMB 11.339 million in the field of education. Towns
* Tongji University Goneo Education Innovation Fund: The Company donated RMB 10 million to Tongji University to
continue supporting educational innovation including international exchange scholarships teaching excellence awards Comprehensive Investment in Rural Revitalization in Guanhaiwei Town — Supporting Common
Case
and a community innovation and entrepreneurship fund thereby promoting international talent development and Prosperity through Thriving Local Development
research on teaching reform.In 2025 Goneo Group donated RMB 5.2 million through the Cixi Charity Federation (Guanhaiwei Branch) primarily to support
* Goneo College of the College of Science and Technology Ningbo University: The Company donated RMB 1 million to projects including infrastructure development in Guanhaiwei Town beautiful countryside development ecological and
support college development and school-enterprise collaborative talent cultivation. environmental protection and farmland conservation. These efforts effectively improved the rural living environment and public
services benefiting approximately 100000 nearby residents and further enhancing local residents' sense of fulfillment and well-
* Wuhan University Law School: The Company donated RMB 200000 to support academic research and development. being.* Mantianxing Student Aid Program: The Company donated a total of RMB 38600 in two batches during the year to provide
targeted educational assistance to students in need.* Bathroom Construction Project at No. 1 Middle School in Lianghe County Yunnan: The Company donated RMB 100000
to improve the basic living conditions of students in remote areas.Case Goneo Group Supports the Development of Public Sports Facilities in Guanhaiwei Town Case Donation to Support Wildfire Relief Efforts in Hong Kong
In February 2026 Guanhaiwei Sports Park in Cixi was officially opened. Ruan Liping and Ruan Xueping founders of GoneoGroup
In 2025 Goneo Group promptly donated RMB 2 million to the Cixi Red
made a targeted donation of RMB 50 million providing important support for the completion of this public-benefit project. The
Cross Society to support fire rescue efforts in Hong Kong demonstrating
project has effectively improved the level of local public cultural and sports facilities and provided an important venue for residents'
the Company's sense of social responsibility and commitment in the face
fitness and leisure activities cultural events and sports competitions.of major disasters.As the location of the Company's headquarters Guanhaiwei Town has long been a key focus area for Goneo's public welfare
investment. This project reflects the Company's continued commitment to supporting community development and improving
residents' quality of life.Donation Certificate
In 2025
* Total social welfare and public benefit investment: RMB 31.975 million
Ruan Xueping Chairman of the Goneo Group and Chen Cailian Secretary of the Party * Rural revitalization investment: RMB 17.494 million benefiting approximately 115900person-times
Committee of the Goneo Group attended the opening ceremony
* University enterprise cooperation: RMB 10 million to Tongji University RMB 1 million to the College of Science and
Technology of Ningbo University and RMB 200000 to Wuhan University
（3）Volunteer Service and Public Welfare
* Employee volunteer service: multiple volunteer service activities were carried out during the year and the Party member
Goneo Group has developed an innovative long-term volunteer service mechanism featuring "Party-building leadership and public outreach activity in March covered 388 participants
welfare empowerment" integrating the organizational strengths of Party building with the Company's resource advantages to form
a volunteer service model with distinctive Goneo characteristics. The Company encourages all employees to take part in volunteer
activities and continues to deepen its efforts in areas such as health care environmental protection and education support. It has built
a number of influential volunteer service programs effectively demonstrating the Company's commitment to social responsibility and
community care.Case Senior Living Lighting Project
Relying on its product technology advantages in the field of solar lighting
Goneo Group launched the Elderly Bright Home Lighting Project in 2025
as one of the eight special elderly care projects of the Cixi Elderly Care
Service and Health Promotion Association. About 500000 yuan of public
welfare funds were invested in the first phase of the project. It is planned
to equip about 1000 solar garden lights and about 367 solar street lights
covering 6 towns including Guanhaiwei Longshan and Zhangqi. Priority
was given to ensuring the home and travel lighting needs of families with
minimum living allowances low incomes disabled people and elderly
people with difficulties. The project was jointly reviewed by the Cixi
Red Cross Society the Municipal Disabled Persons' Federation and
the town government to ensure that the beneficiaries were accurately Ceremony of the Senior-friendly Lighting Project
implemented. It is expected to directly or indirectly benefit more than 5000
elderly people contributing to the establishment of an age-friendly living
environment in the local area.Appendix Key Topics of Concern Communication methods and channelsStakeholders
* Energy * Comply with laws and
* Forums conferences
Management regulations * Inspection by
Appendix 1: Stakeholder Communication and Materiality Assessment and seminarsGovernment * Water resources * Intellectual Property government and
* Hold regular meetings
Departments management Protection regulatory authorities
with local government
In 2025 against the backdrop of profound changes in both internal and external environments Goneo Group paid close attention to and Regulatory * Waste and * Improve corporate * Compliance representatives
key factors such as the introduction of new regulations and shifts in investor focus. In accordance with the Shanghai Stock Exchange's Authorities Hazardous governance inspections and * Daily policy
Guidelines No.14 for Self-Regulation of Listed Companies — Sustainability Report (Trial) Guide No.4 for Self-Regulatory Supervision on Materials * Comply with business inspections implementation
Listed Companies — Compilation of Sustainable Development Reports (Revised January 2026) and ESG rating requirements and guided Management ethics
by the principle of double materiality the Company comprehensively updated and refined its annual ESG topic list establishing a more
forward-looking systematic and inclusive mechanism for topic identification and management.Materiality Assessment Process * Customer * Product quality and * Customer email
Satisfaction Survey
Shareholders and * Green Products safety * Customer visit
* E-mail and
Step 1: Business Review and Topic Identification Investors * Customer relations * Accessibility of * Responding to customer daily phone
products and services complaints
communication
With reference to ESG ratings the United Nations Sustainable Development Goals (SDGs) GRI Standards SASB Standards and the
Shanghai Stock Exchange's guidelines and in light of Goneo Group's regional policy and regulatory environment industry context
business activities and strategic development direction the Company identified the ESG topics of key focus for the year. Centering
on its business model upstream and downstream value chains and regional footprint the Company systematically carried out multi- * Customer
* Product quality and * Customer email
dimensional stakeholder identification to accurately understand the core expectations and concerns of relevant stakeholders. Taking Satisfaction Survey
* Green Products safety * Customer visit
into account the characteristics of both internal and external stakeholders as well as the Company's operating and development Customers * E-mail and
* Customer relations * Accessibility of * Responding to customer
conditions during the year 16 ESG topics were comprehensively reviewed and updated and the list of material topics for the year was daily phone
products and services complaints
finalized. communication
Environment Social Governance * Performance Evaluation
* Selection Evaluation
* Industry exchange * Supply chain * Communicate regularly
Partners * Procurement
and development management with business partners
Process
* Climate Change Response * Product Quality and Safety * Compliance and Risk (e.g. emails meetings)
* Energy Utilization * Employee Rights Management
* Pollutant Emissions and Waste * Occupational Health and Safety * Data Security and Customer * Green office
* Employee
Management * Sustainable Supply Chain Privacy Protection * Occupational
communication * Training and
* Circular Economy * Rural Revitalization and Social * Business Ethics Health and Safety
and democratic induction * Employee activities
* Water Resource Management Contribution * Vocational training
Employees management * Regular meeting * Employee performance
* Ecosystem and Biodiversity * Human Capital Development and development
* Employee care * E-mail and evaluation
Conservation * Technology Ethics * Protection of
* Diversity and equal suggestion box
* Equal Treatment of SMEs employee rights
opportunities
* Innovation-driven Development and interests
Step 2: Stakeholder Communication and Topic Analysis
* Company website
The Company established a multi-dimensional online and offline communication matrix and adopted a tiered and targeted approach to * Social Networking * Develop circular * Response to national * Email
stakeholder engagement with a particular focus on strengthening dialogue with investors regulators and core supply chain partners. PlatformSociety and the economy strategy * Telephone
While fully taking into account new regulatory requirements in the regions where it operates industry best practices and third-party * Social Mediapublic * Biodiversity * Practice social * Company
expert opinions the Company also placed particular emphasis this year on incorporating feedback from rating agencies capital * Charitable Donations and Conservation responsibility Announcement
market trends and peer benchmarking data. Through cross-validation and multi-perspective analysis the Company further clarified Volunteer Services
the impact boundaries risk levels and management priorities of each topic. * Community activities
1 Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 14 - Sustainability Report (Trial)
2 Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 4 - Preparation of Sustainability ReportsStep 3: Double Materiality Assessment
Appendix 2: Summary of ESG Performance Indicators
Representatives of key internal and external stakeholders were invited to complete a double materiality assessment questionnaire
and evaluate topics from two dimensions: impact materiality and financial materiality. This process helped the Company understand
stakeholders' views on the economic environmental and social impacts arising from Goneo Group's performance on various topics Indicator Unit 2025 2024 2023
while also assessing financial materiality. Taking into account business characteristics regulatory requirements and external
impacts the Company then conducted a comprehensive evaluation and ultimately developed the ESG materiality matrix. Governance Performance
Coverage rate of operating units audited for
business ethics and anti-corruption in the past % 100 100 100
Product quality and safety
Business ethics three years
Occupational health and safety
Coverage rate of integrity advocacy and training for
%100100100
Climate change response suppliers/contractors
Sustainable supply chain
Rural revitalization and social contribution Coverage rate of employees receiving business
Pollutant emissions and waste management Employee rights ethics training1
%100100/
Circular economy
Average duration of business ethics training for
Human capital development Innovation-driven development Energy utilization 2 hours 1.37 2.5 /employees
Number of directors receiving business ethics3
Water resources management Compliance operations and risk management
persons 6 5 /
training
Data security and customer privacy protection Average Hours of Business Ethics Training per
Equal treatment of SMEs hours 1 1 /
Director
Ecosystem and biodiversity conservation
Coverage of suppliers receiving business ethics
Technology ethics % 100 100 /training
Average Hours of Business Ethics Training per
hours 1 0.5 /
Social Environment Governance SupplierFinancial Materiality
Coverage of employees who have received training
%100100/
on reporting confidentiality mechanism
Impact Materiality Financial Materiality Double Materiality Number of Business Units Certified under an
units 2 1 0
Information Security Management System
* Product quality and safety * Product quality and safety * Product quality and safety Employee Coverage of Data Security and Privacy
%100100/
* Occupational health and Compliance operations and Protection Training* * Climate change response
safety risk management * Employee rights Economic losses caused by data security incidents
* Business ethics RMB 10000 0 0 /* Climate change response during the reporting period
Climate change response * Occupational health and *
* Employee rights safety
* Sustainable supply chain Economic Losses Resulting from Customer Privacy RMB 10000 0 0 /
Energy utilization Energy utilization Breaches During the Reporting Period
* Rural revitalization and social
**
contribution * Data security and customer Number of substantiated complaints related to
* Employee rights privacy protection breach of customer privacy and loss of customer cases 0 0 /
* Pollutant emission and waste * Occupational health and
data
management safety
* Circular economy Cumulative valid authorized patents patents 3282 3029 2638
* Human capital development
* Energy utilization Cumulative valid authorized invention patents patents 428 344 273
* Innovation-driven
development Number of product quality recall incidents cases 0 0 /
Administrative penalty incidents related to quality
cases 0 0 /
issues
Step 4: Review and Confirmation of Material Topics
Number of Non-compliance Incidents Affecting the
cases 0 0 /
Health and Safety of Products and Services
The assessment results were submitted to the Board of Directors and the ESG Committee for review and confirmation ensuring
the objectivity and comprehensiveness of the materiality assessment. The results provide a core basis for Goneo Group's ESG
management and planning and offer guidance for information disclosure and strategic implementation.
1Including interns and contract workers etc.
2Including interns and contract workers etc.
3Contains code of conduct integrity etc.
Influence importantIndicator Unit 2025 2024 2023 Indicator Unit 2025 2024 2023
Governance Performance Environmental performance
Customer Satisfaction % 81.41 84.79 / location-based:
109199.50
Major customer complaints cases 0 0 / Total indirect greenhouse gas emissions (Scope 2) tCO2e 111008.0 105837.5
market-based:
Customer Complaint Resolution Rate % 99.5 99.86 / 119985.01
Environmental Performance1 location-based:
112783.10
Environmental Protection Investment RMB 10000 349.0 1305.5 / Total greenhouse gas emissions (Scope 1 2) tCO2e 114333.0 108847.5
market-based:
Total energy consumption2 tce 28318.2 26217.0 25435.7 123568.62
Comprehensive energy consumption per unit
tce / RMB million 1.76 1.56 1.62 location-based:
revenue3
7.0
tCO2e/RMB mil-
-Total Non-renewable Energy Consumption tce 25232.4 24194.2 24703.3 Greenhouse gas emission density (Scope 1 2) 6.8 6.9lion
market-based:
- Non-renewable Energy Consumption Intensity tce / RMB million 1.57 1.44 1.57 7.7
-Total Renewable Energy Consumption tce 3085.8 2022.8 732.4 Total indirect greenhouse gas emissions (Scope 3 tCO e 793923.83 / /
- Category 1) 2
- Renewable Energy Consumption Intensity tce / RMB million 0.19 0.12 0.05
NMHC Emissions tonnes 148.204 103.146 90.5889
Purchased electricity (excluding green electricity) MWh 196825.8 191413.0 197237.0 tonnes/RMB
NMHC Emissions per unit revenue 0.015 0.011 0.010
million
Green electricity consumption kWh 25108001.4 16458806.1 5959400.0
Nitrogen Oxides Emissions tonnes 1.117 0.566 0.271
Green Electricity Usage Ratio % 11.3 7.9 2.9
Sulfur Dioxide2 Emissions tonnes 0.132 0.067 0.026
Distributed Photovoltaic Self-consumed Electricity4 kWh 16130001.4 12884806.1 5959400.0
Total Waste Generated tonnes 37387.57 15708.77 6297.86
Purchased Green Electricity5 kWh 8978000.0 3574000.0 0
Waste generated per unit revenue kg/RMB million 2386.9 949.4 403.9
Total direct greenhouse gas emissions (Scope 1)6 tCO2e 3583.6 3325 3010
Total General Industrial Solid Waste Generated3 tonnes 36202.39 14920.53 5557.91
1 Energy and carbon emission data cover Goneo Group and its subsidiaries. Due to optimization and adjustments to the data statistics methodology the Company General Industrial Solid Waste Generation Intensity kg/RMB million 2311.3 901.7 356.5
has updated the energy consumption data for 2023 and 2024 accordingly. If there are any discrepancies between this report and previous reports the data
disclosed in this report shall prevail
2 4From 2023 to 2025 the Company accounted for greenhouse gas emissions in accordance with ISO 14064-1 and based on the principle of operational control. Total Compliant Disposal of Hazardous Waste tonnes 1185.18 788.24 739.96
The inventory boundary is primarily limited to production entities while non-production entities mainly engaged in sales and trading are excluded. The Company's
energy consumption includes the converted comprehensive energy consumption of electricity natural gas gasoline and diesel. Conversion factors are sourced
from GB/T 2589-2020 General Principles for Calculation of Comprehensive Energy Consumption 1 The increase in non-methane total hydrocarbon emissions is mainly due to the adjustment of product structure. The number of products that perform the
3 Comprehensive energy consumption per unit revenue(tce / RMB million) = total converted energy consumption (tce) / revenue (RMB million) spraying process has increased compared with previous years.
4 Self-generated and self-consumed distributed photovoltaic electricity includes the total green electricity used from both the Company's self-built photovoltaic 2 Exhaust gas pollutants are calculated according to the material balance algorithm combined with the company’s statistical statements and monitoring reports
power stations and photovoltaic power stations invested in and built byexternal partners 3 Optimize the statistical caliber and scope of general industrial solid waste in 2025 and add metal general solid waste. Relevant data come from company
5 Green electricity purchased from the grid statistical reports and regulatory reports
6 Greenhouse gas emissions are calculated with reference to ISO 14064-1 and the GHG Protocol 4 Hazardous waste data comes from the hazardous waste transfer ledger of the National Solid Waste Supervision PlatformIndicator Unit 2025 2024 2023 Indicator Unit 2025 2024 2023
Environmental performance Social Performance
On-time closure rate of corrective actions for non-
Hazardous Waste Compliant Disposal Rat % 100 100 100 % 100 100 100
conforming hazardous substances in finished products
Compliant Disposal of Hazardous Waste per Unit of
kg/RMB million 75.7 47.6 47.5 Total number of Tier-1 suppliers suppliers 4518 4236 3398
Revenue
Solid Waste Recycling Rate1 % 93.89 84.77 85.71 Total number of key Tier-1 suppliers suppliers 1258 1090 785
Coverage rate of internal environmental audits % 100 100 / Total Number of Newly Onboarded Suppliers suppliers 608 1038 636
Coverage rate of environmental management
%84.6284.6253.84
system certification Total Number of Removed Suppliers suppliers 326 200 89
Total water withdrawal2 m3 798879.3 908166.7 913771
Overdue Accounts Payable to SMEs RMB 0 0 /
Water withdrawal per unit revenue m3/RMB million 49.8 54.0 58.2 Percentage of total spending on key Tier-1
%93.6789.5090.98
suppliers
Total Industrial Wastewater Discharge 3 m3 718.2 / / Number of suppliers that have signed ESG
%100100/
requirement clauses
Industrial Wastewater Discharge Intensity m3/RMB million 0.4 / /
Signing Coverage of the Integrity Co-construction
%100100/
Agreement
Chemical Oxygen Demand (COD) Emissions from
kg 35.19 / /
Industrial Wastewater
Number of suppliers subject to ESG assessments suppliers 135 / /
Ammonia Nitrogen Emissions from Industrial
kg 8.42 / /
Wastewater
Number of Suppliers Identified as Having Actual or
suppliers 0 0 /
Total Copper Waste Recycled in the Production
tonnes 27883 7292 / Potential Material Negative ESG Impacts
Process
Total Aluminium Waste Recycled in the Production Signature rate of supplier conflict minerals self-
tonnes 1176 / / % 100 100 /
Process declarations
Total Plastic Recycled in the Production Process tonnes 2445 1264 / Total Number of Contract Employees 1 persons 12490 13146 13062
Wood Consumption tonnes 61.55 59.76 / By Gender
Paper Consumption tonnes 38814.52 37684.00 /
Male persons 7966 8439 8216
Social performance
Female persons 4524 4707 4846
Number of environmental non-conforming outflow
cases 0 0 0
incidents By Age
First-pass rate of hazardous substances testing for
%100100100
finished products Aged 30 and Below persons 4525 4910 5124
1 Including general industrial solid waste and hazardous waste
2The decrease in total water withdrawal in 2025 compared with previous years was mainly attributable to the relatively high water consumption associated with Aged 31-49 persons 7636 7955 7685
the construction of the Company's headquarters building and production base facilities during 2023–2024. The relevant data were compiled based on payment
records
3Scope of industrial wastewater statistics: During the reporting period wastewater discharge in the Company's production process only arose from the cleaning Aged 50 and Above persons 329 281 253
of intermediate products and surface treatment. Production wastewater was separately collected treated to meet applicable standards and then discharged into
the municipal sewer network. Domestic sewage mainly arose from water use in administrative offices and dormitories and was pretreated through septic tanks
within the plant area before being discharged into the municipal sewer network. 1Due to the optimization and adjustment of the data statistical caliber the statistics of disabled employees have been added to contract employees in this reporting
According to the Interim Measures for the Review and Management of Total Emission Indicators of Major Pollutants from Construction Projects and the period and the 2023-2024 data have been updated simultaneously. If there are differences with the data reported in previous periods the data disclosed in this
Implementation Rules for the Interim Measures for the Paid Use and Trading of Emission Rights in Ningbo (Trial) production wastewater generated during the
report shall prevail.construction period and separately discharged domestic sewage are not included in the scope of total emission controlIndicator Unit 2025 2024 2023 Indicator Unit 2025 2024 2023
By Educational Level Diversity
Bachelor's Degree or Above persons 2817 2837 2353 Proportion of Women in STEM-related Positions % 15.62 15.27 /
Year-on-year Decrease in Voluntary Employee percentage
Junior College persons 2103 2313 2201 5.6 30.8 21.2Turnover Rate 1 points
Technical Secondary School or Below persons 7570 7996 8508 Labour Contract Signing Rate % 100 100 100
Gender pay gap rate for positions at the same
% ±7 ±7.6 / Coverage rate of collective agreements (collective
grade % 100 100 100
contracts)
Coverage of employee performance appraisal % 100 100 100
Coverage rate of non-salary benefits % 100 100 100
By Position
Coverage of Training on Employee Rights % 100 100 /
Senior Management persons 68 73 77
Social Security Contribution Rate % 100 100 100
Middle Management persons 990 1033 663 Satisfaction Survey
By Job Grade Employee satisfaction points 91.55 80.9 81.2
Employee Participation Coverage in Satisfaction
Female Senior Management persons 8 6 5 % 38 43.8 30.2
Surveys
Female Middle Management persons 165 169 98 Parental Leave
Total Number of Employees Entitled to Parental
Proportion of female managers at N-2 level % 24.8 / / persons 1387 1512 997Leave
Proportion of female managers at N-3 level % 21.12 / / otal Number of Employees Taking Parental Leave persons 1232 1210 402
Return-to-work Rate After Parental Leave % 96.68 96.36 96.94
Proportion of female board members % 22.2 22.2 22.2
Employee Training
Number of Female Managers Across All
persons 173 175 103
Management Levels
Total Number of Employees Receiving Online
persons 9960 13775 15687
Training
Proportion of Women in Management Positions
%2.44.85.3
within Revenue-generating Functions (e.g. Sales)
Total Investment in Employee Training 2 RMB million 375.50 410.57 460.31
Diversity Average Hours of Online Training per Employee hours 7.53 3.7 2.4
Number of Ethnic Minority Employees persons 1113 1150 1221 Human Capital Return on Investment % 6.89 6.87 7.24
Percentage of Employees Receiving Regular
Number of Employees with Disabilities persons 131 125 / % 100 100 100
Performance and Career Development Reviews
Proportion of Ethnic and Racial Minorities in the
%8.98.79.3
Total Workforce
1The employee turnover rate of Goneo in 25 years was 34%
2Including online and offlineIndicator Unit 2025 2024 2023 Appendix 3: Subsidiary Banmen Electric Appliance's ESG performance
Occupational Health and Safety
Indicator Unit 2025 2024 2023
Occupational Health and Safety Investment RMB million 710.33 709.7 765.2
Business Ethics
Employee Work-related Injury Insurance
RMB 10000 759.71 702.93 /
Investment
Business Ethics Training Coverage % 100 100 100
Work-related Injury Insurance Coverage % 100 100 100
Number of Reports Received through the
cases 0 0 0
Whistleblowing Mechanism
Incidence Rate of Occupational Diseases % 0 0 0
Number of Whistleblowing Cases Filed cases 0 0 0
Number of employee fatalities (work-related
persons 0 0 0
injuries)
Number of Confirmed Corruption Incidents cases 0 0 0
Number of EHS non-compliance incidents cases 0 0 0
Product Governance / Product Responsibility
Total recordable injury rate (TRIR) per million cases/million
0.811.080.79
working hours working hours Product Recall Rate % 0 0 0
Safety Training Coverage % 100 100 / Losses Caused by Major Product and Service RMB 10000 0 0 0
Safety and Quality Liability Accidents
Social Contribution Energy
Total Investment in Social Contribution RMB million 3197.5 3522.26 / Purchased Electricity kWh 2115971.0 1888536.0 1145702.0
Total Energy Consumption tce 260.05 232.1 140.81
Green Electricity Consumption from Photovoltaic
kWh 466525.0 450870.0 488527.0
Power Stations at the
Production Base (Shiqiao)
Total Direct Greenhouse Gas Emissions (Scope 1)1 tCO2 e 33.55 35.64 39.19
Total Indirect Greenhouse Gas Emissions (Scope
2 tCO2 e 880.79 1013.39 614.782)
Total Greenhouse Gas Emissions (Scope 1 and 2) tCO2 e 914.34 1049.03 653.97
Waste / Pollutant Emissions
Emissions of Tin and Its Compounds3 kg 0.02 0.04 0.09
Total Non-hazardous Waste Generated (Scrap
tonnes 0.11 0.12 0.01
Metal)
Emissions of Tin and Its Compounds
1 Company Scope 1 greenhouse gas emissions are from emissions from septic tanks
2 Company scope 2 greenhouse gases come from the consumption of purchased electricity. The emission factor of purchased electricity in 2025 is based on the
national average carbon dioxide emission factor of electricity in 2023 which is 0.5306kgCO2/kWh.
3 The waste gas emissions during the production process of Banmen Electrical Appliances only produce solder waste gas and do not involve emissions of
nitrogen oxides sulfur oxides VOCs etc.Indicator Unit 2025 2024 2023 Indicator Unit 2025 2024 2023
Waste Supplier ESG evaluation
Number of suppliers that have signed the Supplier
Total Hazardous Waste Discharged 1 tonnes 0.32 0.36 0.54 suppliers 153 187 /Code of Conduct
Number of suppliers who have signed integrity
Number of Product SKUs Compliant with the EU suppliers 153 187 /
SKUs 8 0 / commitment agreements
WEEE Directive
Number of suppliers that have conducted ESG
Quantity of Electrical and Electronic Equipment suppliers 33 0 /
tonnes 2.98 0 / assessments
(EEE) Placed on the EU Market
Number of suppliers with actual/potentially
suppliers 0 0 /
Water Withdrawal and Discharge significant negative ESG impacts
Number of suppliers removed due to major ESG
suppliers 0 0 /
events
Total Water Withdrawal m3 1453 1569.59 1120.05
Conflict Minerals
Domestic Wastewater Discharge tonnes 1307.7 14126.292 10080.468
The number of product SKUs involving tin tantalum
/550314/
tungsten or gold
Total Rainwater Recycled2 tonnes 600 600 /
Conflict Minerals Self-Declaration Signing Rate % 100 100 /
Domestic Sewage Discharge Pollutants3
Proportion of products involving conflict minerals % 0 0 /
Chemical Oxygen Demand (COD) kg 228.85 310.78 1876.55
Human Rights
Biochemical Oxygen Demand (BOD) kg 62.12 94.65 540.31
Number of Child Labour or Forced Labour Incidents cases 0 0 0
Ammonia Nitrogen kg 5.83 68.37 308.46
Number of Discrimination and Harassment Cases cases 0 0 0
Total Nitrogen kg 35.31 / /
Number of Employees Covered by Collective
persons 240 224 248
Agreements
Total Phosphorus kg 3.11 4.86 234.87
Collective Agreement Coverage % 100 100 100
Suppliers Number of Employees Participating in Anti-
persons 240 224 0
discrimination and Harassment Training
Total Number of Suppliers suppliers 153 187 / Coverage of Employees Receiving Statutory
%100100100
Insurance
Total Number of Newly Onboarded Suppliers suppliers 15 22 /
Number of Human Rights Audits times 1 1 0
Total Number of Removed Suppliers suppliers 1 3 / Ratio of the Annual Salary of the Highest-paid
Individual to the Median Annual Total Compensation % 934.62 531.46 581.74
of All Employees
1 Unadjusted Difference in Median Monthly Pay The types of hazardous waste are in accordance with the "National Hazardous Waste List (2025 Edition)" % 11.3 13.1 /
2 between Male and Female Employees Recover rainwater to replenish water for the cooling water unit of the production system. The recovery amount is calculated based on the relevant technical
parameters of the cooling tower and the capacity of the pool.
3 Unadjusted Difference in Median Monthly Pay The production process of Banmen Electrical Appliances does not involve wastewater discharge only administrative office domestic sewage
between Male and Female EmployeesIndicator Unit 2025 2024 2023 Indicator Unit 2025 2024 2023
Human Rights Employee Training and Career Development
Number of Skills-based Training Sessions for
Employee Satisfaction Score % 91.55 80.9 81.2 sessions 31 27 /
Employees
Number of Non-skills-based Training Sessions for
Total Working Hours of Employees hours 653927.0 676458.0 / sessions 4 4 /Employees
Total Compensatory Leave Hours of Employees hours 5012.0 5640.0 / Average Hours of Online Training per Employee hours 7.53 3.7 /
Employee Diversity Number of Employees with Internal Mobility persons 6 7 /
Total Number of Employees persons 240 224 248 Number of Employees Transferred to the Group persons 4 8 /
Number of Male Employees persons 112 98 111 Number of Employee Promotions persons 5 10 /
Proportion of Male Employees % 46 44 45 Occupational Health and Safety
Number of Employees Participating in Health and
persons 240 224 248
Number of Female Employees persons 128 126 137 Safety Training
Number of Employee Health and Safety Risk
times 4 4 4
Proportion of Female Employees % 54 56 55 Assessments
Number of Work-related Safety Incidents cases 0 0 0
Number of Senior Management Personnel persons 4 4 3
Number of Female Managers in Senior Number of Work-related Fatalities persons 0 0 0
persons 0 1 2
Management
Number of Female Managers Across All Number of Workdays Lost Due to Work-related
persons 1 3 3 days 0 0 0
Management Levels Injuries
Proportion of Female Managers in Senior
%02567
Management
Proportion of Women in Management Positions
%44.400
within Revenue-generating Functions
Number of Employees from Minority or
persons 38 41 41
Disadvantaged Groups
Proportion of Employees from Minority or
%15.831817
Disadvantaged Groups
Proportion of Minority Groups in Top Management % 0 0 0
Employee Training and Career Development
Number of Internal Training Sessions for
sessions 35 29 /
Employees
Number of External Training Sessions for
sessions 0 2 /
EmployeesAppendix 4: ESG Performance Indicator Summary Disclosure requirements Corresponding terms Corresponding chapters of this report
·Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-Sustainability Report (Trial) Chapter 3 Environmental Information Disclosure
Disclosure requirements Corresponding terms Corresponding chapters of this report Section 3 Article 36 Resource Recycling and Utilization
Resource Utilization
and Circular Economy Article 37 Resource Recycling and Utilization
Chapter 3 Environmental Information Disclosure
Chapter 4 Social Information Disclosure
Article 20 Climate Change Response
Article 38 Rural Revitalization and Social Contribution
Article 21 Climate Change Response
Section 1
Article 39 Rural Revitalization and Social Contribution
Article 22 Climate Change Response Rural Revitalization
and Social Contributions
Article 40 Rural Revitalization and Social Contribution
Article 23 Climate Change Response
Section 1 Article 41 Innovation and R&D
Article 24 Climate Change Response Section 2
Climate Response
Innovation-Driven Development Article 42 Innovation and R&D
Article 25 Climate Change Response and Ethics of Science
andTechnology
Article 43 Innovation and R&D
Article 26 Climate Change Response
Article 44 Sustainable supply chain
Article 27 Climate Change Response
Product quality management
Article 28 Climate Change Response Article 45
Sustainable supply chain
Pollutant emissions and waste
Article 29 management Section 3
Product quality management
Article 46
Ecosystem and Biodiversity Protection Suppliers and Customers Sustainable supply chain
Pollutant emissions and waste
Section 2 Article 30 management Product quality management
Article 47
Pollution Control and Pollutant emissions and waste
Article 31 Sustainable supply chain
Ecosystem Protection management
Article 32 Ecosystem and Biodiversity Protection Article 48 Privacy and Data Security
Pollutant discharge and waste Employee Rights
Article 33
management
Article 49 Human capital development
Climate Change Response
Section 4 Occupational Health and SafetyArticle 34
Section 3 Resource Recycling and Utilization
Employ Employee Rights
Resource Utilization
and Circular Economy Climate Change Response Article 50 Human capital development
Article 35
Occupational Health and Safety
Resource Recycling and Utilization·GRI Index Table
Disclosure requirements Corresponding terms Corresponding chapters of this report
Statement of Use: Goneo Group has reported the information cited in this GRI content index for the period from January 1 2025 to
Chapter 5 Corporate Governance Information Related to Sustainable Development Disclosure December 31 2025 with reference to the GRI Standards.GRI 1 Used: GRI 1: Foundation 2021
Sustainability Strategy
Article 51 Sustainability Governance Disclosure issues/disclosure
Disclosure Item Title Corresponding chapters of this report
items
Section 1 Sustainability Management Measures
Sustainability-Related GRI 2: General Disclosures
Governance Mechanisms Article 52 Sustainability Management Measures
The organization and its reporting practices
Appendix 1: Stakeholder Communication
Article 53
and Materiality Assessment
2-1 Organization details Into Goneo
Article 54 Business Ethics
Entities included in the organization's sustainability
Section 2 2-2 About this reportreport
Article 55 Business Ethics
Commercial Behaviors Reporting period reporting frequency and contact
2-3 About this report
information
Article 56 Business Ethics
2-4 Restatement of Information /
2-5 External Assurance About this report and appendix 5
Activities and Workers
Activities value chains and other business
2-6 Sustainable supply chain
relationships
2-7 Employees Human Capital Development
2-8 Workers who are not employees /
Governance
Corporate governance Sustainability
2-9 Governance structure and composition
Strategy
Nomination and selection of the highest governance
2-10 Corporate Governance
body
2-11 Chair of the highest governance body Corporate Governance
Role of the highest governance body in overseeing
2-12 Sustainability Governance
the management of impacts
2-13 Delegation of responsibility for managing impacts Sustainability Governance
Role of the highest governance body in sustainability Sustainability Governance Message from
reporting the Board of Directors
2-15 Conflict of interest Business EthicsDisclosure issues/disclosure Disclosure issues/disclosure
Disclosure Item Title Corresponding chapters of this report Disclosure Item Title Corresponding chapters of this report
items items
GRI 2: General Disclosures GRI 3: Substantive Issue Management
Governance
Appendix 1: Stakeholder Communication
3-2 List of material topics
and Materiality Assessment
Appendix 1: Stakeholder Communication
2-16 Communication of critical concerns
and Materiality Assessment
Collective knowledge of the highest governance
2-17 / Appendix 1: Stakeholder Communication
body 3-3 Management of material topics
and Materiality Assessment
Evaluation of the performance of the highest
2-18 Sustainability Governance
governance body
Economy
2-19 Remuneration Policy Human Capital Development
GRI 201: Economic Performance
2-20 Process to determine remuneration Human Capital Development
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
2-21 Annual total compensation ratio / measures
Strategy policy and practice 201-1 Direct economic value generated and distributed /
Financial impacts and other risks and opportunities
2-22 Statement on Sustainable Development Strategy Sustainable strategy 201-2 Coping with climate changearising due to climate change
Defined benefit plan obligations and other retire-
2-23 Policy Commitment Business Ethics 201-3 Human Capital Developmentment plans
2-24 Embedding policy commitments Sustainability Management Measures GRI 202: Market Performance
Corresponding chapters risk analysis
2-25 Processes to remediate negative impacts Business Ethics 3-3 Management of material topics strategy and objectives and management
measures
Mechanisms for seeking advice and raising
2-26 Business Ethics
concerns Ratios of standard entry level wage by gender com-202-1 Human Capital Development
pared to local minimum wage
2-27 Compliance with laws and regulations Risk Compliance Proportion of senior management hired from the
202-2/
local community
2-28 Membership associations Corporate Honor Innovation and R&D
GRI 203: Indirect economic impacts
Appendix 1: Stakeholder Communication
2-29 Approach to stakeholder engagement
and Materiality Assessment Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
2-30 Collective Bargaining Agreement Employee Rights measures
203-1 Infrastructure investments and services supported Rural revitalization and social contribution
GRI 3: Substantive Issue Management
203-2 Significant indirect economic impacts Rural revitalization and social contribution
Appendix 1: Stakeholder Communication
3-1 Process to determine material topics
and Materiality AssessmentDisclosure issues/disclosure Disclosure issues/disclosure
Disclosure Item Title Corresponding chapters of this report Disclosure Item Title Corresponding chapters of this report
items items
GRI 204: Procurement Practices GRI 301: Materials
Corresponding chapters risk analysis
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
3-3 Management of material topics strategy and objectives and management
measures
measures
Sustainable supply chain and combating
204-1 Proportion of spending on local suppliers
climate change
301-1 Materials used by weight or volume Resource recycling
GRI 205: Anti-corruption
301-2 Recycled input materials used Resource recycling
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
301-3 Reclaimed products and their packaging materials Resource recycling
measures
205-1 Operations assessed for risks related to corruption Business Ethics GRI 302: Energy
Communication and training about anti-corruption Corresponding chapters risk analysis
205-2 Business Ethics
policies and procedures 3-3 Management of material topics strategy and objectives and management
measures
205-3 Confirmed incidents of corruption and actions taken Business Ethics
302-1 Energy consumption within the organization Climate Change Response
GRI 206: Anti-competitive conduct
302-2 Energy consumption outside of the organization Climate Change Response
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
302-3 Energy intensity Climate Change Response
measures
302-4 Reduction of energy consumption Climate Change Response
Legal actions for anti-competitive behavior
206-1 Business Ethics
antitrust and monopoly practices
Reductions in energy requirements of products
302-5 Climate Change Response
andservices
Environment
GRI 303: Water Resources and Wastewater
GRI 101: Biodiversity
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives water saving
measures
3-3 Management of material topics Ecosystem and Biodiversity Protection
101-1 Policies to halt and reverse biodiversity loss Ecosystem and Biodiversity Protection 303-1 Interactions with water as a shared resource Resource Recycling and Utilization
303-2 Management of water discharge-related impacts Resource Recycling and Utilization
101-2 Management of biodiversity impacts Ecosystem and Biodiversity Protection
303-3 Water withdrawal Resource Recycling and Utilization
101-3 Access and benefit-sharing Ecosystem and Biodiversity Protection
303-4 Water discharge Resource Recycling and Utilization
101-4 Identification of biodiversity impacts Ecosystem and Biodiversity Protection
303-5 Water consumption Resource Recycling and Utilization
101-5 Locations with biodiversity impacts Ecosystem and Biodiversity ProtectionDisclosure issues/disclosure Disclosure issues/disclosure
Disclosure Item Title Corresponding chapters of this report Disclosure Item Title Corresponding chapters of this report
items items
GRI 305: Emissions Society
Corresponding chapters risk analysis GRI 401: Employment
3-3 Management of material topics strategy and objectives and management
measures
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
305-1 Direct (Scope 1) GHG emissions Climate Change Response measures
305-2 Energy Indirect (Scope 2) GHG Emissions Climate Change Response 401-1 New employee hires and employee turnover Human Capital Development
Benefits provided to full-time employees that are
305-3 Other indirect (Scope 3) GHG emissions Climate Change Response 401-2 Human Capital Development
not provided to temporary or part-time employees
305-4 GHG emissions intensity Climate Change Response 401-3 Parental leave Human Capital Development
305-5 Reduction of GHG emissions Climate Change Response GRI 402: Industrial Relations
305-6 Emissions of ozone-depleting substances (ODS) / Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
measures
Nitrogen oxides (NOx) sulfur oxides (SOx) and Pollutant emissions and waste manage-
other significant air emissions ment
Minimum notice periods regarding operational
402-1/
changes
GRI 306: Waste
Corresponding chapters risk analysis GRI 403: Occupational Health and Safety
3-3 Management of material topics strategy and objectives and management
measures Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
Waste generation and significant waste-related Pollutant emissions and waste manage-
306-1 measures
impacts ment
Pollutant emissions and waste manage- Occupational health and safety management
306-2 Management of significant waste-related impacts 403-1 Occupational Health and Safety
ment system
Pollutant emissions and waste manage- Hazard identification risk assessment and inci-
306-3 Waste generated 403-2 Occupational Health and Safetyment dent investigation
Pollutant emissions and waste manage-
306-4 Waste diverted from disposal Human capital development occupational
ment 403-3 Occupational health services
health and safety
Pollutant emissions and waste manage-
306-5 Waste directed to disposal
ment Worker participation consultation and communi-403-4 Occupational Health and Safety
cation on occupational health and safety
GRI 308: Supplier Environmental Assessment
403-5 Worker training on occupational health and safety Occupational Health and Safety
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management 403-6 Promotion of worker health Occupational Health and Safety
measures
Prevention and mitigation of occupational health
New suppliers that were screened using
308-1 Sustainable supply chain 403-7 and safety impacts directly linked by business /
environmental criteria
relationships
Negative environmental impacts in the supply chain Sustainable supply chain combating cli-
308-2 Workers covered by an occupational health and
and actions taken mate change 403-8 Occupational Health and Safety
safety management system
403-9 Work-related injuries Occupational Health and SafetyDisclosure issues/disclosure Disclosure issues/disclosure
Disclosure Item Title Corresponding chapters of this report Disclosure Item Title Corresponding chapters of this report
items items
GRI 403: Occupational Health and Safety GRI 409: Forced or compulsory labor
403-10 Work-related ill health Occupational Health and Safety Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
GRI 404: Training and Education measures
Corresponding chapters risk analysis strat- Operations and suppliers at significant risk for
409-1 Employee Rights
3-3 Management of material topics egy and objectives and management mea- incidents of forced or compulsory labor
sures
GRI 413: Local communities
404-1 Average hours of training per year per employee Human Capital Development
3-3 Management of material topics Management Action
Programs for upgrading employee skills and tran-
404-2 Human Capital Development
sition assistance programs
Operations with local community engagement
413-1 Rural revitalization and social contribution
Percentage of employees receiving regular impact assessments and development programs
404-3 Human Capital Development
performance and career development reviews
Operations with significant actual and potential
413-2 Ecosystem and Biodiversity Protection
GRI 405: Diversity and Equal Opportunities negative impacts on local communities
Corresponding chapters risk analysis GRI 414: Supplier Social Assessment
3-3 Management of material topics strategy and objectives and management
measures
Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
Corporate governance employee rights and
405-1 Diversity of governance bodies and employees
interests measures
Ratio of basic salary and remuneration of women Employee rights and human capital develop- New suppliers that were screened using social
to men ment 414-1 Sustainable supply chaincriteria
GRI 406: Anti-discrimination Negative social impacts in the supply chain and
414-2 Sustainable supply chain
actions taken
Corresponding chapters: risk analysis
3-3 Management of material topics strategy and objectives and management
measures GRI 416: Customer Health and Safety
Incidents of discrimination and corrective actions
406-1 Employee Rights Corresponding chapters risk analysis
taken Glossary
3-3 Management of material topics strategy and objectives and management
measures
GRI 407: Freedom of Association and Collective Bargaining
Corresponding chapters: risk analysis Assessment of the health and safety impacts of 416-1 Product quality management
3-3 Management of material topics strategy and objectives and management product and service categories
measures
Incidents of non-compliance concerning the
Operations and suppliers in which the right to 416-2 health and safety impacts of products and ser- Product quality management
407-1 freedom of association and collective bargaining Employee Rights
vices
may be at risk
GRI 408: Child Labor GRI 418: Customer Privacy
Corresponding chapters risk analysis Corresponding chapters risk analysis
3-3 Management of material topics strategy and objectives and management
3-3 Management of material topics strategy and objectives and management
measures
measures
Operations and suppliers at significant risk for
408-1 Sustainable supply chain
incidents of child labor Substantiated complaints concerning breaches of
418-1 Data Security and Privacy Protection
customer privacy and losses of customer data·SASB Index Table
Issue Disclosure items Disclosure Item Title Corresponding report chapters
This index reflects the Company's alignment with the Electrical & Electronic Equipment industry standard under the Sustainability
Accounting Standards Board (SASB) framework. Total amount of monetary losses as a result
RT-EE-510a.2 of legal proceedings associated with bribery Business Ethics
In this index the Company discloses relevant topics by referencing existing disclosures or providing direct responses. Given that Goneo or corruption
Group's principal businesses include converters wall switches and sockets lighting and digital accessories the Company believes that
Business Ethics
the Electrical & Electronic Equipment industry standard appropriately reflects the Company's material sustainability topics in areas such as
product quality and safety supply chain management energy and resource use product material compliance and business ethics. The Total amount of monetary losses as a result
Company does not currently disclose all metrics and in some cases only partial information is provided. RT-EE-510a.3 of legal proceedings associated with an- Business Ethics
ti-competitive behaviour regulation
Issue Disclosure items Disclosure Item Title Corresponding report chapters
(1) Total energy consumed;
Energy Management RT-EE-130a.1 (2)Percentage grid electricity and; Climate Change Response
(3) Percentage renewable
(1) Amount of hazardous waste generated;
Pollutant emissions and waste
RT-EE-150a.1
management
(2) Percentage recycled
Hazardous waste
management (1) Number and aggregate quantity of re-
portable spills; Pollutant emissions and waste
RT-EE-150a.2
management
(2) Quantity recovered
(1) Number of recalls issue;
RT-EE-250a.1 Product quality management
(2) Total units recall
Product Safety
Total amount of monetary losses as a result
RT-EE-250a.2 of legal proceedings associated with prod- Product quality management
uct safety
Percentage of products by revenue that Pollutant emissions and waste
RT-EE-410a.1
contain IEC62474 declarable substances management
Product life cycle Percentage of eligible products by revenue RT-EE-410a.2 Climate Change Response
certified to an energy efficiency certification
management
Revenue from renewable energy-related
RT-EE-410a.3 Climate Change Response
and energyefficiency-related products
Description of the management of risks
Materials Sourcinng RT-EE-440a.1 Sustainable supply chain
associatedwith the use of critical materials
Description of policies and practices for
preventionof:
Business Ethics RT-EE-510a.1 (1) corruption and bribery and Business Ethics
(2) anti-competitive behaviourAppendix 5: Independent Assurance StatementAppendix 6: GHG emissions Verification Report
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